Latest / Simply Bitcoin / Why Saylor WON'T Show His Bitcoin Holdings!! | EP 1253

Transcript

Why Saylor WON'T Show His Bitcoin Holdings!! | EP 1253 · Simply Bitcoin

0:00
And a video went viral yesterday, breaking the
0:03
Internet, forcing everyone to ask the question, why won't
0:07
Michael Saylor show strategies, Bitcoin holdings?
0:11
I mean, we know we could do that.
0:13
We see El Salvador, their their reserves are public.
0:16
We saw Paulo, the CEO of Tether, he just posted a Bitcoin address
0:21
and he showed Tethers reserves showed 92,000 Bitcoin.
0:24
So we know this is possible right now.
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His response might surprise you and it triggered everyone to ask
0:30
the question, does strategy actually have the 580,000
0:34
Bitcoin? Now we understand this is a
0:36
touchy subject and I personally am a huge fan of Sailor and
0:39
everything he's contributed to the space, but I'll let you guys
0:44
see the clip yourself and then make your own make your own
0:47
judgment. And of course, I'm joined here
0:49
with my legendary Co host who's always optimistic optimist
0:52
fields in the house. If we can play clip one of the
1:01
question, that'd be great. Let.
1:02
Me make the following point. A lot of people learn stuff from
1:06
FTS and Mount Gox, but I'm not sure they learned the things
1:10
that the institutional community needs to learn going forward.
1:17
The way the current conventional way to publish proof of reserves
1:20
is an insecure proof of reserves.
1:23
It actually, it actually dilutes the security of the issuer, the
1:28
custodians, the exchanges, and the investors.
1:32
It's not a good idea. It's a bad idea.
1:35
It's like publishing the address and and the bank accounts of all
1:40
your kids and your phone numbers of all your kids, and then
1:43
thinking somehow that makes your family better.
1:45
It doesn't make your family better.
1:47
So no institutional grade or enterprise security analysts
1:52
would think it's a good idea to publish all of the wallet
1:56
addresses such that you can be traced back and forth and every
2:00
future transaction could be traced.
2:02
I would say go to AI, put it in deep think mode and then ask it
2:06
what are the security problems of publishing your wallet
2:10
addresses and how might they undermine the security of the
2:13
company over time? It'll write you a book, It'll be
2:17
50 pages of security problems. So, so the problem with proof of
2:21
reserves, the way that people do it right now is it's it's first
2:25
of all, it's a proof of assets that is insecure and it is not a
2:31
proof of liabilities. And so if you're if you really
2:35
want crypto security and you're a maxi about this, my suggestion
2:40
is buy Bitcoin, self custody your Bitcoin.
2:42
It's pretty freaking obvious, right?
2:44
You should own the Bitcoin yourself if that's what you
2:47
want. If you're going to be a
2:50
securities investor, OK, if you if you invest in securities,
2:56
what you want is an institutional grade proof of
2:59
assets and proof of liabilities with them netted out, OK.
3:04
And the best practice of that is not to publish the wallet.
3:08
The best practice of that would be have a BIG4 auditor that
3:12
doesn't audit that checks to make sure that you actually have
3:17
the Bitcoin. And then you also have to check
3:20
to make sure the company hasn't rehypothecated or pledged the
3:24
Bitcoin or entered or entered into any debt or credit
3:28
obligations where the Bitcoin is pledged.
3:32
And you have to net those out and you have to publish those
3:34
and you have to sign them as the big four firm.
3:37
Then you have to wash it through a public company where the CFO
3:40
signs, then the CEO signs, then the chairman and all the outside
3:44
directors are sibling and criminally liable for it.
3:49
At Bitcoin 2025 on the floor at the rumble booth.
3:52
I gotta say, I love rumble. I gotta love the I love these
3:56
guys so much freedom of speech. I mean it's amazing.
3:59
Anyways, Opti sailor, look, I'll be honest with you and shout out
4:04
to Mitchell Hoddle for asking this question and we just saw
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him on the floor not too long ago.
4:11
Why is why is that a weird question, man?
4:13
That shouldn't be a weird question like as bitcoiners like
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that's the whole point of Bitcoin.
4:18
You know El Salvador has the reserves public tether.
4:21
Paulo posted the address of tethers Bitcoin reserves public.
4:25
That was fine. Why is it any different for
4:28
sailor? Look, I and I understand like
4:30
he's a very smart guy. He's been in the markets for a
4:32
long time. I'm not questioning his
4:34
integrity, but like from a first principles standpoint, you know,
4:39
perhaps I don't understand it right, but technically you could
4:44
just post the address so everyone could see the Bitcoin.
4:48
Yeah, well, first of all, shouts out to Mitchell Hoddle, one of
4:51
my favorite zoomers out there, absolute Chad of a zoomer.
4:55
He's he's one of the rising stars in my opinion.
4:58
Now really going into kind of let let's start with Sailor's
5:03
response at first. Obviously it's 150 IQ take on
5:06
this and and you know, being as neutral as I possibly can, as
5:10
objective as I can. It does sound, at least from a
5:14
maxi Bitcoin perspective that he is sort of dodging the question.
5:18
But I think when you really break down what he's saying, it
5:20
does make sense from a traditional financial
5:23
perspective here. He literally said and I and I
5:25
think he's got a very good point here.
5:27
I think this is this is a really good point.
5:29
What he said is like, hey, look, showing proof of reserves is not
5:32
enough. Just showing the assets that
5:35
your company holds is not enough when you're not also showing the
5:38
liabilities. And if you saw further in the
5:40
clip there, it was like a 10 minute clip he went on.
5:42
Obviously he talked about Mount Gox and SPF and he's talking, I
5:46
think he even did a, you know, a jab at SPF calling him a tweaker
5:50
later on in the video, which is, you know, a very I don't think
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we've seen Sailor get like that excited about something.
5:57
He almost even actually cuss, which I think might go further
6:00
into just like maybe how uncomfortable he was in this
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question himself, which is a, you know, I don't know if I want
6:08
to say telling, but it is very interesting the response we got.
6:11
And again, the big take away though, from his perspective is,
6:14
hey, look, I don't want to go to jail.
6:17
I'm not trying to do anything to break the law.
6:19
I think that further and moving forward, we will see some form
6:23
of proof of reserves, but I think it needs to be a little
6:26
more intensive. And, and honestly, I think
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that's a fairpoint. Him basically saying, hey, look,
6:31
you can prove the assets you hold, but it doesn't account for
6:34
the liabilities. If you hold 100 million in
6:36
Bitcoin, but you have 400 million in debt, it really
6:40
proves nothing. And he was kind of saying, you
6:42
know, this is some with some crypto charlatan stuff, you
6:45
know, some some magic tricks going on on.
6:47
So, you know, on that front, I think that's a very valid point.
6:51
You know, I'm not going to say that like there's anything
6:54
sketchy going on. I think Sailor is a Bitcoiner,
6:57
but I think it does make us as Bitcoiners entering into a more
7:01
mature industry, mature market, mature financial markets, We're
7:05
growing up here. I think it's a very valid take,
7:08
even though from like my ideological Bitcoin maxi
7:11
perspective, I'm thinking, bro, just show, just show the
7:15
reserves, dude. Like everyone else has done it.
7:18
You can do it too. But it is interesting.
7:20
Again, the last kind of little take away or you know, example
7:25
that he showed is basically look, you don't show your
7:27
freaking your children's address and their age and their Social
7:30
Security. That's not going to keep you
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safer. Like again, you could say he
7:34
skirted the question, but I think he might be thinking on a
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higher like financial level here than us, than US 85 IQ
7:42
bitcoiners. But what do I know?
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I'm I'm not a billionaire with a public company.
7:46
No, the and that's a really good take.
7:47
And by the way, I completely agree with you, right.
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Like you look at it from the bitcoiners purest perspective
7:54
and you're just like, bro, like come on now.
7:56
And it's interesting too, by the way, we're not the only ones
8:00
that are feeling this way. Mr. Hoddle, which is extremely
8:04
well known in the Bitcoin community, he says, unpopular
8:08
opinion, I don't believe Sailor owns all that Bitcoin.
8:12
Alex Thorne actually asked Sailor this question, says
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here's what he told me about proof of reserves when he did a
8:19
podcast with him. Mr. Hoddle basically replies
8:22
like, basically like, trust me, bro.
8:26
The editor says even by his own logic, he doesn't own Bitcoin.
8:30
He's referencing an old Michael Saylor post where he says not
8:33
your keys. So I mean, look again, I see
8:39
NVK, right, Founder of Coinkite, great hardware wallet, one of
8:43
our one of our partners, he said there's a way to prove it,
8:46
right. So I mean, there's different
8:49
ways to do it. I understand.
8:51
Look, Saylor obviously has experience that me and Opti
8:54
don't have. He has, you know, he's been in
8:57
the markets for many, many, many decades.
9:00
But as first principles Bitcoiners, we're looking at
9:04
this and we're just saying like, I mean, it's really not that
9:07
hard, right? It's really not that hard.
9:09
And we have other massive companies that are posting their
9:13
addresses public and it's not an issue, right?
9:16
So anyways, this is what this is what's beautiful about Bitcoin.
9:20
You can't ask these difficult questions.
9:22
You can't say these difficult things and you shouldn't be
9:25
persecuted. For it, this is true.
9:27
This is true. And also one last take away,
9:29
though, is again, from our first principles as a bitcoiner, he's
9:34
basically saying, look, we got to trust the financial auditors.
9:37
And of course, for us, bitcoiners are like, this is not
9:41
how we do things. And we're literally trying to
9:43
break away from the financial, you know, financialization of
9:46
the world. These Fiat people is what we
9:48
despise. And yet I, I get it.
9:50
There's laws in place and there's things, you know, codes
9:53
that he has to go by. So it just does make you feel
9:56
weird as a Bitcoin. Though he did say, hey, if you
9:59
don't trust us, bro, take your Bitcoin into self custody, which
10:03
is what we say all the time. If you don't trust these Bitcoin
10:06
treasury companies, the best thing to do is take your Bitcoin
10:10
into custody. We've been speculating and I
10:12
don't know if now is the time to speculate on Bitcoin treasury
10:15
companies, but. No, this is.
10:19
Not an our trust model, our personal trust models, we just
10:22
believe buy Bitcoin, take it into custody.
10:24
This is the best thing you know, don't get caught up chasing
10:27
yield because that's how we've seen historically a lot of
10:29
people get wrecked. So if you are risk averse to
10:32
losing your Bitcoin, you buy Bitcoin from wherever you want
10:36
to. We love Bitcoin.
10:37
Well, it's our partner, but you got to take it into custody on a
10:41
hardware wall, at the very least, a hot wallet on your
10:44
phone and then get to a hardware wallet.
10:46
But he even said that himself. So it's not like he's saying,
10:48
hey, just trust me, bro. He's at least kind of given the
10:52
signal, but it does. It is getting a lot of pushback
10:56
lately. Or rather, this morning.
10:57
It blew up Twitter. It blew up Twitter this morning.
10:59
Yeah, absolutely. And and by the way, shout out
11:02
for shout out to Mitchell for having the ponies to ask that
11:05
type of question. Saying he was shaking.
11:07
Anyways guys, I'm going to make a special announcement.
11:09
We are going to be exclusively streaming the live show to
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Rumble the next three days. Executive decision.
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It's not going on YouTube. It's not.
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It's not going to be going live on YouTube.
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Wait, wait. Wait, does that mean we can?
11:21
It's not going to be crazy. Yeah, we can say what we want to
11:24
say. It's not going to be going to X.
11:26
It's only going to simply Bitcoin Live is only going to be
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on Rumble for the next three days.
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So today's Industry Day at Bitcoin 2025, tomorrow's day one
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at Bitcoin 2025 and the next day on Thursday's day 2, Bitcoin
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streaming the show exclusively on Rumble.
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So if you guys want to see the show live, go to Rumble
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subscribe. It's an amazing platform.
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They value free speech, which of course perfectly aligns with the
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simply Bitcoin ethos. We have a jam packed show for
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you guys. So we're going to move on to the
12:00
numbers segment. We have tons to cover.
12:02
We will be right back in just a second.
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Anyways, we are here at the Bitcoin conference floor at the
14:00
Rumble booth. We're going to be, again, we're
14:01
going to be live streaming the show from the Rumble booth
14:04
exclusively to Rumble for the next three days.
14:07
The thing that I want to talk about during the numbers
14:09
segment, specifically Opti, this is the first Bitcoin conference
14:14
where the price is not dumped. We're currently at $110,425.
14:21
Let's go. That's a Stark.
14:23
That's never happened before. Every other Bitcoin conference
14:27
never fails. Every single time the price has
14:30
dumped, the price has dumped. So this is unique.
14:34
This is special. What's going on bro?
14:36
Hey, I don't know, man, I literally don't know.
14:39
But we were walking in this morning and we were super busy,
14:42
you know, getting everything together.
14:43
And so we didn't get to check the price.
14:45
And someone came out to me. He's like, yo, do you check the
14:47
price? I'm like, we're busy, didn't
14:48
check the price. And he's like, it's like 109 K
14:51
right now. And I'm like, OK, all right,
14:53
well, I think this might prove that this time might be
14:56
different. I'm starting to believe this
14:58
cycle might be different just because the price is literally
15:01
not dumping on conference day. But wait, as we have Chris over
15:05
here, he's like there's still time.
15:07
There's still time. Maybe the conference hasn't
15:09
officially started today and maybe they're thinking
15:11
tomorrow's the official day of the conference.
15:13
But 110 what was the IT went to this price last time it broke
15:18
all time high. So are is this price discovery
15:20
mode? Can you Fact Check me Chris are
15:22
yes, price discovery mode. We seem to be.
15:25
Back at all all. Time highs all time highs is
15:27
112. OK, well, we're not there.
15:30
We're inching towards all time high.
15:32
But yeah, I mean my take away, literally, I, I was Chris.
15:36
The market knows something we don't.
15:38
What is the market knows what we know?
15:40
What is vice president? What is the vice president going
15:43
to say? I don't know, I like Bitcoin.
15:46
No, bro, dude, they're in power. They're going to say something
15:49
about the strategic Bitcoin. Reserve, I think it's going to
15:51
be about regulation. It's got to be about regulation.
15:53
I'm saying to treat Bitcoin reserve.
15:55
Yeah, well, two things. We were talking about Saylor
15:59
posting his address. Can we get an audit on EU s s
16:03
Bitcoin, please? And then some more announcements
16:06
about regulations here. I'm I just hey, can you let
16:10
Bitcoin start to run? JD Vance, I'm asking you pretty
16:14
please, can we get Bitcoin out of the gate?
16:18
And man, it's I don't know. I'm excited.
16:21
It is interesting, especially like last year, you know, we had
16:25
President-elect Trump here. Now we have sitting vice
16:27
president. What are they going to do next
16:29
year? Are we going to get the literal
16:30
sitting president at the Bitcoin conference?
16:33
It's going to be crazy. It's going to be crazy.
16:36
But hey, Nico. It's going to be wild it.
16:38
Feels good not getting what, 20% dump on conference day?
16:41
It's going to be wild. It's going to be wild high.
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today guys. We have a jam packed show and
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again, we're going to be exclusively live streaming from
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the Rumble booth all days of the Bitcoin Conference today,
17:55
tomorrow, Thursday. It's going to be absolutely
17:57
awesome. If you guys are enjoying the
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show so far, smash that like button.
18:00
Subscribe to us on Rumble. We're going to be uploading
18:03
this. Wait, wait, Nico, before we move
18:07
on, before we move on, what is your take on us getting to 110 K
18:13
on conference day? Is this time different?
18:14
OK, All right. I like, I like you throwing it
18:17
back to me. This is what I think is going to
18:18
happen. The vice president is going to
18:21
make his speech and then we're going to dump 25%.
18:27
That's what I think is going to be.
18:28
Well, that's what I think is going to happen.
18:32
I think they're they're, they're messing with us right now.
18:35
Getting our home sound. Yeah.
18:36
But then eventually it's going to, you know, it's going to.
18:41
Lol. Anyways guys, send me a great
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show, we're going to be right back if you can play the next
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Hi everybody. We are back.
20:57
Of course I'm joined here with my legendary Co host who's
21:00
always optimistic optimist fields And today I want to talk
21:05
about something kind of interesting during the news
21:07
segment. So let's talk about quantum
21:10
computing, right? So one of the best things about
21:13
Bitcoin is, of course, you know, you take your Bitcoin into self
21:17
custody and if you have the keys, you're essentially, I
21:23
wouldn't say bulletproof, but you're in a good place, right?
21:27
You know, no one can take it away from you unless they have
21:30
access to those keys. Like it doesn't matter how
21:32
powerful the entity because of how hard it would be to
21:36
essentially you can't, you can't hack it in the traditional
21:39
sense. You'd have to brute force, you
21:42
know, a private key. And with traditional computing,
21:46
it's not feasible. It's it's going to just take way
21:49
too long, too much energy. So it basically makes it like
21:53
impenetrable if you don't have the private key to access that
21:57
said Bitcoin, that's the way Bitcoin works.
22:01
The thing is with traditional computing, that's not a problem,
22:04
but with quantum computing, it could potentially be a threat in
22:09
the future. This is actually something that
22:11
was brought up to Satoshi back in the early days about quantum
22:15
computing, because essentially what quantum computing allows
22:18
you to do is it allows you to be in multiple states at the same
22:22
time. And how traditional computing
22:25
works is there's two states, there's zero and one.
22:28
What quantum computing allows you to do is you're essentially
22:32
through like, I don't know, the quantum mechanic out part of it.
22:35
It's super crazy and technical with all this stuff.
22:38
You essentially could be in both states simultaneously and that
22:42
essentially allows you to potentially break the Bitcoin
22:46
algorithm in the future. This is something that is
22:50
theoretical, but this is something that BlackRock,
22:53
according to this latest article, flags that quantum
22:57
computing could potentially be a threat to Bitcoin in their
23:00
latest ETF filing. Now, before you say, OK, Bitcoin
23:04
is doomed in the future, quantum computer is going to ruin it.
23:09
There's a lot of sensitive information that is there is
23:14
sensitive, yeah, sensitive data that could potentially be
23:18
vulnerable with quantum computing as well, right?
23:21
So the way that Signal works, the way that ProtonMail works,
23:24
the way that all these things that are end to end encrypted,
23:27
they all work with these encryptions that could
23:29
potentially be vulnerable to quantum computing.
23:32
That includes banking encryptions as well.
23:35
So it's not just Bitcoin that is vulnerable to this technology.
23:38
What Satoshi proposed is that when inevitably we get to that
23:42
point where quantum computing does become potentially
23:46
threatening to Bitcoin, what Satoshi proposed was a complete
23:49
hard fork to a chain to a a new algorithm, A algorithm that is
23:59
quantum resistant. And to use his words, not mine,
24:02
he proposed that the fork would happen in the quote last honest
24:08
block to use his words, not mine.
24:11
So it's not the end of the world.
24:13
But Bitcoins never really had a hard fork before.
24:16
Bitcoins had soft forks, but never hard fork.
24:19
A hard fork essentially would require everyone to go and be on
24:23
board. We've had hard forks, but
24:25
they've been failures. You guys know Bitcoin Cash, you
24:28
guys know BSV, but we've never had a hard fork in Bitcoin where
24:32
it's been so dramatic of a change that people have gone
24:37
along with it, right? So anyhow, before we keep going,
24:41
I do want to read some of the highlights of this article.
24:44
So BlackRock, a finance management firm, warned about a
24:47
future problem in a report about its Bitcoin investment product.
24:51
The firm stated that one day Bitcoin safety will be
24:54
compromised by quantum computers, which are super
24:57
powerful and work very differently from regular
25:00
computers. As per the purport, the systems
25:03
called Shaw 256 and ECDSA protect the Bitcoin wallet and
25:08
make sure only the the owner could send the coins.
25:12
The report highlighted that if quantum computers become strong
25:15
enough, they could figure out one secret key and steal the
25:19
Bitcoin, especially after one makes a transaction before it's
25:23
fully confirmed. According to the filing, as of
25:26
now, this is not a problem because quantum computing are
25:29
not advanced enough. It is also said that these
25:32
computers will not be advanced for another 10 to 20 years.
25:35
However, BlackRock mentioned this risk in advance to ensure
25:39
that large companies take it seriously, as reports have
25:43
emphasized that this could affect all kinds of technologies
25:47
worldwide, including Bitcoin, which is what I was saying
25:50
earlier. This instance is the first time
25:53
BlackRock has pointed out this danger so clearly for Bitcoin,
25:57
which means they're paying close attention to future challenges.
26:01
The crypto world is taking action to protect itself from
26:04
future quantum computing risks. Bitcoin developers are working
26:08
on a plan called QRAMP which could move users to new, safer
26:14
wallet addresses that quantum computers could not break.
26:18
This change would would need a big update to Bitcoin's system
26:23
called a violent fork. I've never heard that before.
26:26
Other block chains are also using a special method method to
26:30
make sure that they are safe from quantum attacks.
26:33
But making these changes is not so simple.
26:35
These new security methods need more computer power which can
26:39
slow things down. Also, it takes a lot of planning
26:42
and effort to involve everyone like miners, crypto exchanges
26:46
and regular users to switch to a new system.
26:49
Dude, so much to unpack there. And what I will say is like,
26:53
look like the quantum computing FUD has been around for a long
26:57
time, Opti and the fact that BlackRock is highlighting it
27:02
means I think it's going to happen.
27:04
I think it's going to happen the next 1020 years.
27:07
Now I got a couple questions for you.
27:09
What happens to Satoshi's coins? It's like it's OK, the active
27:13
wallets you switch to a new quantum resistant address,
27:17
right? But what if, what about all the
27:19
lost coins? Are all the quantum computers
27:22
just going to start like mining those coins?
27:25
Are Satoshi's coins going to move to the fastest quantum
27:29
computer? Like, I mean, it's an
27:31
interesting topic. Yes.
27:33
Well, First off, one of my favorite theories in Bitcoin is
27:37
the idea that Satoshi's coins, 1,000,000 coins that he
27:39
supposedly holds, are essentially, you know, a warning
27:43
sign. So if those coins do move, a lot
27:45
of us in Bitcoin think Satoshi, you know, maybe he's not here.
27:49
Maybe he was, you know, mining Bitcoin into a different wallet
27:52
and those coins are just gone. He was just bootstrapping the
27:54
network. And part of the theory is
27:57
essentially that if those coins move, then that is basically a
28:00
warning morning, an indicator that quantum computing has been
28:03
able to crack Bitcoin private keys.
28:06
Now, on the one hand, I just love it.
28:09
It's a little sci-fi, which is one of my favorite things.
28:11
I love sci-fi. And it makes me like, yeah, I
28:14
kind of like this. And the second question you
28:15
said, yeah, a lot of those old coins in those legacy Bitcoin
28:20
addresses, starting with a one that dude, there's going to be
28:23
an industry to just treasure hunt those seed phrases.
28:27
And maybe it's going to happen really quickly with quantum
28:29
computing. So, you know, on that hand and
28:31
yes, I think that would happen now really like kind of diving
28:34
into just a BlackRock ETF filing or disclosure itself.
28:38
I think if you're a newer Bitcoiner, this might terrify
28:41
you. This might be like, oh, This is
28:43
why I don't want to buy Bitcoin. But I think from a more, again,
28:46
traditional financial perspective, it's just BlackRock
28:49
kind of disclosing what we all know to be true.
28:51
Like, yes, there is a quantum computing threat sometime down
28:55
the line. I'm not one of these people that
28:57
are just, and again, I'm not a coder, I'm not an encryptor.
29:00
I'm no, I I not not a well versed person in cryptology, I
29:05
just understand Bitcoin enough so that I can wrap my head
29:08
around holding it. But from what I've understood
29:11
and what I've gleaned, I don't think quantum computing is as
29:15
far ahead as people think. And that's not to say that we
29:18
should be complacent here. I think, you know, it is a
29:21
threat. It is a viable threat.
29:22
It's one of the, there's only two things in Bitcoin that we
29:25
know will potentially hurt Bitcoin, and that is quantum
29:29
computing. Whether they can crack the seed
29:30
phrases and of course, the time shift on the block, the, the
29:34
block height moving forward, those are the two known hard
29:37
forks that we will have to contend with.
29:40
Usually we're like, it's going to be 100 years down the line,
29:43
20 years down the line and I don't want to be like, let's
29:45
just kick the can down the road and we'll figure it out in 20
29:48
years. I just, I, I'm not believing the
29:51
hype around quantum computing as I'm also not the biggest person
29:55
about AI. I don't believe the hype in AI
29:57
either, but it is a real threat. This is something that you do
30:00
have to kind of wrap your head around, you know, dive deep into
30:03
it and realize maybe it's not as big a threat as you think it is,
30:06
especially when the filing said exactly what US bit corners have
30:09
been saying for a long time. Look, if there is quantum
30:12
computing, there we go. If there is quantum computing, a
30:17
Bitcoin's probably the least of our worries here.
30:19
Yes, of course, our holdings and your savings is something that
30:23
you should be concerned about, but everything in the world
30:28
would be cracked with quantum computing like nuclear codes,
30:31
traditional banking. And yes, we look at Bitcoin
30:34
essentially, or the rather the Satoshi coins, the Satoshi
30:37
wallets as essentially, you know, a million coin bounty.
30:41
So if someone does try to crack quantum computing, they're
30:44
obviously going to go for that million Bitcoin.
30:47
And then further, I really think it's going to be an
30:49
afterthought. I think if someone really does
30:52
crack quantum computing and able to do what they say they will
30:55
do, they're going for bigger fish in the pond, which is of
30:59
course like nuclear codes. All of government secrets.
31:02
That's a good point, right? That's a good point and.
31:03
Of course. Hey, by that time Bitcoin might
31:06
be what sailors say in 20 years, $13 million for a coin.
31:09
And that and that's a good, that's a good point.
31:12
So like, and I want to focus on that, right, because it's
31:15
quantum computing, it won't just break bitcoins encryption
31:19
algorithm yeah, it will break the banking industry everything.
31:22
It will break everything, yes. So the banking industry, the,
31:26
you know, the nuclear codes, like you said, 100% right.
31:30
So I mean, that's something to keep in mind.
31:32
It's not just Bitcoin. The thing I think the key
31:34
difference though is that Bitcoin's decentralized.
31:38
So getting everyone to switch. It's going to be it's.
31:41
A lot easier for essentially a banking app or a banking system
31:45
because it's centralized to say, OK, we're going to change our
31:48
system. But for Bitcoin, like what about
31:51
all the lost coins? What about Satoshi's coins?
31:53
Like there's going to be an industry that focuses on just
31:56
getting lost coins that haven't made the switch to quantum
32:01
resistant wallets. That's going to be fascinating.
32:05
What is it? Hey dude, it's going.
32:06
To be reverse. Mining No Bitcoin wallet
32:10
treasure hunting. I'm going to be a Bitcoin wallet
32:13
treasure hunter in the future. Really.
32:16
Sipot yeah, I love the sci-fi future and honestly on this
32:19
point, shouts out to our boy Nolan.
32:20
He is also, you know, kind of Rumble exclusive and all his
32:24
sci-fi books and writings and I think he touches on this exact
32:28
thing, AI, quantum computing. We know this as Bitcoin, as
32:31
we've been talking about this for a long time.
32:33
It's definitely something that you have to look towards and
32:36
realize this is a possibility. But I don't think if you're
32:39
reading this filing that it should be that big a concern
32:43
right now to make you not want to buy Bitcoin.
32:46
Yes, of course there is known things that we will have to
32:49
contend with in the future, but in the meantime, you don't want
32:53
to be sitting on the sidelines because of a potential quantum
32:56
computing hack 203050 maybe 100 years down the line, like we
33:01
know it's going to come. I have you know, I don't I'm a
33:04
Bitcoiner, so I don't want to trust here, but I am sure that
33:07
humanity will figure it out. And on your point of
33:09
decentralization, I think we all incentivize here to essentially
33:14
if there is a quantum computing hack here or crack that everyone
33:18
will be like, yeah, it's in my best interest to hard fork
33:21
switch this because we all want to ensure that Bitcoin maintains
33:25
it's purchasing power hard cap, that we are protected.
33:28
We want the best money in the world.
33:30
So there is something that we will have to contend with in the
33:32
future. But I don't think it's going to
33:35
be as like as as big of a war as the 20/17/2016 fork wars because
33:41
not everyone agreed on the fork. I think here they will get a lot
33:46
easier consensus on everyone realizing, yeah, if we want this
33:50
Bitcoin thing to work, we should probably hard fork it to be
33:53
quantum resistant. I don't think it's going to be
33:55
as hard as we think of it now because we still have the PTSD
33:59
of 2017, like we still have the PTSD of the last bull cycle.
34:02
We're like, it's not going higher.
34:04
We're, you know, we're still, we're still 8 men here.
34:07
We're, we still have, you know, a couple of years of trauma to
34:11
deal with. But I don't think it's going to
34:13
be as difficult as it was in the past.
34:14
I think it's going to be a very clear reason and incentive
34:18
consensus for everyone to switch over to a new hard point if this
34:21
is the reason. I I do want to give a shout out
34:23
to a comment in in the rumble chat says I thought rumble not
34:29
just a string says I thought rumble can't crack your address
34:33
if there are no sends hence Satoshi's are safe.
34:36
But I don't know. So that's the thing the and I I
34:39
was watching on Andreas clip about this.
34:42
We don't know if quantum computing is going to be able to
34:46
crack. So the general consensus is
34:50
quantum computing is going to be able to crack Utxos that have
34:53
spent from that said UTXO. The way that you're supposed to
34:57
use Bitcoin is every time you spend Bitcoin, it gets sent to a
35:02
new address. So the new address and then a
35:04
change address, but the old address is essentially left with
35:08
0. What some exchanges do or some
35:11
people is that instead of using that mechanism, what they do is
35:15
that they leave some of that Bitcoin that set that that same
35:19
address, and then that explos that exposes some data that
35:24
potentially quantum computing could exploit to break those
35:29
said private keys of that Bitcoin address of that Bitcoin
35:32
UTXO. So we don't know all of this is
35:35
theoretical, but I think the general consensus is that
35:38
eventually there will be there will have to be some type of
35:42
switch and it has to be a hard fork and people have to get
35:46
along, go along with it. Now the thing that to me is a
35:51
little bit strange is like all those lost coins are going to be
35:55
at re back, re added back into the supply.
35:58
Right. Well, I mean.
36:00
I mean they were in the supply before.
36:01
Supply, they're just going to be circulating more.
36:04
Yeah, I guess, you know, and I, I guess there's something.
36:08
Sounds like cheap sats and more sats for all of them.
36:11
I guess there's something poetic about that, right?
36:13
But anyways. Before we move on, I really want
36:18
to read this comment in the Rumble chat.
36:19
Shouts out the UTXUT XL and he goes.
36:22
BlackRock is looking out for us, making sure we are aware of how
36:25
dangerous it would be to hold Bitcoin or even their own
36:28
product. It warns my heart how altruistic
36:31
the mega corporation is. Shouts out the UT XL legend in
36:38
the chat. Love it.
36:39
So next news story I want to talk about too.
36:41
By the way, guys, we are at the on the floor of Bitcoin 2025.
36:45
The Trump kids will be making appearance.
36:48
So Eric Trump and Donald Trump junior, they will be making
36:52
appearance at the conference and of course the vice president as
36:56
we all know. But the reason I'm bringing this
36:58
up is check out this headline from The Verge.
37:01
Trump's media company says it's buying $2.5 billion in Bitcoin.
37:07
So think about that for a second.
37:09
The sitting president of the United States, his media company
37:14
just announced that they're buying 2.5 billion billion
37:19
dollars of Bitcoin. And you think the prices are
37:21
going to go up? Of course the price is going to
37:23
go up. Number always goes up.
37:25
But I mean, this is crazy, dude. We've never had a president who
37:29
has been stacking sats. This never happened before.
37:32
Last year I thought I was going to go to jail for talking about
37:36
Bitcoin on the Internet, and now the president is buying Bitcoin.
37:40
What is going on? Yeah, well, hey, look, we we are
37:45
on Rumble here, right? So, you know, there's still a
37:48
potential chance that the president, Nico, might go to
37:51
jail for talking about Bitcoin as well.
37:53
But no, that's a troll. I'm trolling.
37:54
I'm trolling. Yeah.
37:56
When I, when I heard this story, you guys know I was laughing
38:00
Trump basically doing the Michael Saylor strategy to
38:03
acquire as much Bitcoin as possible, or rather the Trump
38:06
Media Group, the Trump family. And I think this really confirms
38:09
what we've been saying for a long time.
38:11
I know a lot of people on our chat and on Bitcoin Twitter are
38:15
always saying, look, Trump and his kids are not real
38:19
Bitcoiners. They just want you to vote for
38:21
them. They just want, you know, the
38:23
games here. I think it's kind of becoming
38:25
clear they're understanding the game being played right now as
38:28
well. They're playing Hungry Hippo,
38:30
they're playing Pac-Man with Bitcoin like we tell you guys to
38:33
do constantly. And really, I've been saying
38:36
this on the show for a long time.
38:38
What we're seeing in the traditional financial markets
38:41
right now globally is literally the reason why Bitcoin was made
38:45
in the 1st place. And if you're one of these
38:46
people that are on the inside, you know, imagine being Trump,
38:50
you're, you're getting the nuclear codes, you're
38:51
understanding and getting debriefed on everything going on
38:54
in the world right now. You're looking at the financial
38:56
markets. And we know Trump really wants
38:58
Wall Street to perform well. He really wants Bitcoin to
39:01
perform well. This is a leading indicator,
39:03
rather a lagging indicator for him to show that he's a good
39:07
president. And now he's like, hey, what's
39:10
the best way to make sure the Bitcoin price starts pumping?
39:13
Maybe I buy a couple billion of this stuff myself because it's
39:16
going to pump the price that's going to obviously have the
39:19
narrative fanfare around it. And the real, real freaking
39:23
cherry on top is I get to own the scarcest asset, the best
39:27
money in the world. And here we are like Nico,
39:30
literally every single day. Last year was like, are we
39:35
leaving the United States? And I was fighting him on the
39:37
show. I'm like, there's no way we're
39:39
leaving. I don't care if I'm not.
39:41
Bro but like dude OK, we are staying.
39:44
And now it's like, OK, maybe we got the pressure.
39:47
Off but but like, OK, but let let's let's you know, let's reel
39:50
it back a little bit. Like the reason that we're
39:53
saying this is again, and we, we kept telling you guys we were
39:56
like the first in the industry to talk about this because I
39:59
think bitcoiners inherently they're, they're apolitical.
40:02
Like they don't like politics. They just don't like it.
40:04
And we're the first ones to tell you guys that this previous
40:08
election, put all the other policies aside, We're a Bitcoin
40:11
show. We don't like, we don't like, we
40:12
don't talk about those things. But we said, guys, this previous
40:16
election, depending on the candidate who's going to win, is
40:19
going to essentially define the destiny of the Bitcoin industry
40:24
in the United States for the next 4 years.
40:27
You had. A pro.
40:28
Not just four years, maybe forever.
40:30
Yeah, a pro Bitcoin president in the White House, an anti CBD
40:34
president in the White House or a anti Bitcoin president, a pro
40:38
CBDC president in the White House.
40:40
Those were literally the two choices.
40:42
So we literally went on air and we got so much crap for this.
40:46
We said, listen guys, it's probably a good idea to vote for
40:51
Trump and all you guys are like, what are you talking about?
40:54
You guys are in a political show and I'm like, guys, you don't
40:56
understand. And dude, I think we got it
40:59
right. Ross is free.
41:01
The vice president is going to be speaking at the Bitcoin
41:03
conference. Trump's family.
41:04
Just Trump. Family going full DJ.
41:07
Stacking Stash Trump's family is announcing that they're buying
41:10
$2.5 billion of the Bitcoin. I think we got it right.
41:14
I think we got it right to give us give ourselves some credit.
41:17
Anyways, here's more information.
41:19
President Donald Trump's media company could soon Own $2.5
41:23
billion in Bitcoin. On Tuesday, Trump Media
41:26
announced that it's working with approximately 50 institutional
41:30
investors to sell and issue $1.5 billion in stock and 1 billion
41:36
in convertible notes. The company, which operates
41:39
Truth Social among other services, will be used to
41:42
establish a large holding of Bitcoin.
41:45
Trump Media says crypto.com and the crypto banking platform
41:50
Anchorage Digital will provide custody services for the
41:54
company's Bitcoin treasury. Quote.
41:56
We view Bitcoin as an apex instrument of financial freedom,
42:00
and now Trump Media will hold cryptocurrency as a crucial part
42:05
of our assets, Trump Media CEO Devin Nunes said in a press
42:09
conference. Quote, our first acquisition of
42:12
a crown jewel asset, the investment will help defend our
42:16
company against harassment and discrimination by financial
42:20
institutions. I think that last part, yeah,
42:24
that's because you have to remember, guys, right, the the
42:29
previous candidate, who is now the president, he was attacked
42:33
left and right. They debanked him.
42:35
They went after him with all the lawfare.
42:38
The assassination attempt was pretty effing crazy too.
42:41
Like, let's be honest, here we are in rubble.
42:43
We can speak our minds. Like that shit was wild.
42:47
And now he's basically saying I'm going to buy Bitcoin because
42:50
that's going to help my, my, my company from, you know,
42:55
discrimination, censorship, right?
42:58
So. Well, first of all, Nico, I who?
43:02
Who was that? The CEO that said the apex
43:04
predator meme? Yeah.
43:06
OK, you can tell dude, I, you know what?
43:08
I I think these are just going to live on Rumble so we can just
43:11
stop. I don't think we're going to
43:13
upload these to YouTube at all. RIP our numbers there.
43:16
RIP our numbers. But yeah man, like dude, that
43:21
shit was crazy though. Last year was wild.
43:24
Wait, wait, wait, wait. Before we go there, I was going
43:27
to say it it I think it proves the impact that Sailor had.
43:31
Yes, we started the show about Sailor, but that literally
43:33
sounds like a Sailor meme. The apex predator of money, or
43:37
rather, I think that's Pierre Rochard, which goes to show that
43:40
they are doing their homework here.
43:41
They understand the stakes. And of course, when we basically
43:45
came out and were like, look, if you're going to vote, you know,
43:48
if you're a libertarian and you don't like voting, you don't
43:51
like participating in the system, if you are going to,
43:54
then it's an easy choice. It's it's Trump over Kamala.
43:58
It's Kamala. Sorry, it's a very easy choice
44:01
here. And now we're we're seeing that
44:04
that's exactly the case. But further, if any family in
44:07
the United States, a part of the political, you know, machine
44:11
understand why you need Bitcoin, it would be the Trump's
44:15
literally censorship resisted money hard cap the deflation
44:20
base, the base proof money. This is what it's all about.
44:24
So a lot of actually we we talked about it twice on the
44:27
show. You know, we saw Larry Fink talk
44:29
about the quantum computing and everyone wondered, is he really
44:33
a Bitcoiner? Does he just want the fees?
44:35
I don't think it really matters at this point.
44:37
His incentives are a line to see Bitcoin succeed.
44:39
Same thing was heard about Trump.
44:42
He just wants to win an election, bro.
44:44
He just wants your vote. And now we're seeing, hey, they
44:48
understand the stakes here. I'm I love this, you know, say
44:53
what you want about Trump here, but they're pro Bitcoin stance.
44:57
And obviously we need a little more follow through here towards
44:59
like regulations and hopefully pushing back a little more
45:02
laissez faire policies around Bitcoin.
45:05
I think we're going to see some crazy pumps here in Bitcoin this
45:10
year. Dude, I.
45:10
Think it's inevitable, it's inevitable, I think it's
45:12
inevitable. I do want to hear a shout out to
45:14
a comment from the Rumble chat. The Kingo Bitcoin 9 says go it.
45:21
I was one of the very little of the vocal bitcoiners about
45:24
voting for Trump. Without Trump we would be in a
45:27
communist ho. Without the robo, I could just
45:29
say whatever I want to say. Sup Nico adopti.
45:33
It helps when your fam was persecuted under communist
45:36
regimes to really know Trump was the only one to shut the F up
45:41
and hope that working that voting works.
45:43
It worked submit we got we got Ross free as well.
45:49
Let's. Have 1/1/21 and.
45:51
Let's go down, let's go down that rabbit hole, right?
45:53
So let's go down that rabbit hole.
45:56
Last year we had two. We were the we are at a fork in
46:00
the road in the country, All right?
46:01
I mean, this is like Elon got involved.
46:03
He was saying it, but we are in the fork, in the road.
46:05
There was 2 candidates, right? And here's what you guys have to
46:09
understand. I always say this all the time.
46:10
It's Bitcoin or slavery. What does that mean?
46:13
Bitcoin, what I believe is the the future of money essentially,
46:19
it's not controlled by the state.
46:21
It's a non sovereign alternative.
46:23
And then slavery. What do I mean by slavery?
46:25
Slavery is the continuation of the Fiat system.
46:28
What is the continuation of the Fiat system?
46:31
Fiat, central bank, digital currencies.
46:35
Last year, you literally had a fork in the road to decide as a
46:39
voter which direction you wanted the country to go.
46:44
Did you want the country to go the side of Bitcoin or did you
46:47
want the country to go the side of slavery, central bank,
46:51
digital currencies? And since we're on rubble, I can
46:53
say that communism on steroids. Let's be let's be frank, right?
46:58
So yes, bro, like, you know, it's it, it was a crazy
47:02
election, man. And look at all the pushback
47:06
Trump has gotten so far. Like Elon went in there with
47:08
Doge and he tried to get, he tried to cut all the spending
47:12
and he got attacked left and right.
47:14
They set his dealerships on fire, That they set his car is
47:18
on fire. The Senate wasn't able to like,
47:22
pass the things that he wanted to pass.
47:24
Elon had to step away. They were only able to cut $150
47:27
billion in spending. the US government is still on track to
47:31
spend $2 trillion more than it collects in tax revenue.
47:35
The Lynn Alden quote comes to mind here.
47:38
Nothing stops this train, bro. So Bitcoin is the future.
47:41
Bitcoin is how we opt out. Bitcoin's how we get out of
47:44
this. I'm pretty blasted Nico read
47:49
read my comment rant, bro. I can speak my mind here bro,
47:53
it's great Vikingo welcome to the chat guys.
47:56
If you guys are enjoying the show, smash that like button and
47:58
on rumble and of course, consider consider subscribing to
48:02
our rumble channel as well. Anyways, Opti, some thoughts
48:06
before we move on to the next segment.
48:07
Yeah, well, again, you know, it feels good to be on Rumble so we
48:12
can actually speak freely here, Batman.
48:16
The Commies almost won. We.
48:19
We. Just we just literally like
48:21
Trump assassination. Just miss that by an ear dude.
48:25
Like it almost got really bad and men it like I am starting to
48:29
feel hopeful and I I know there's a there's like a big
48:32
narrative push right now on social media about being pro
48:34
Trump. You know, there there are, there
48:36
are, you know, paid operatives here that are pro Trump no
48:39
matter what we are, you know, try to be as objective as
48:43
possible. Obviously as you can tell
48:44
though, we we learn more, right, obviously.
48:48
But what we're seeing around Bitcoin is incredible.
48:52
Let's get into that rabbit hole. It's incredible.
48:53
Let's get into that rabbit hole. Bitcoin is right.
49:00
Oh, are you going there? Are you going to do?
49:02
It we can. Are you going to do it?
49:04
We can. Do the rant.
49:05
And Bitcoin is right. OK, think about it.
49:09
Look, so Bitcoin is for anyone. Let's be clear, Bitcoin's for
49:11
anyone. It doesn't matter where you're
49:13
from, what country, what your ideology is, you can adopt
49:17
Bitcoin. But if you believe in big
49:19
government, it requires the money printer and it requires
49:23
well through distribution on a massive scale, which is done via
49:27
two things. 2 mechanisms mechanism #1 is wealth
49:31
redistribution via income tax. We all know this, but that's not
49:35
enough #2 is wealth redistribution via monetary
49:39
debasement. This is what allows the federal
49:41
government to spend more money than it collects in tax revenue
49:46
on a yearly basis. Now some of the tenants from
49:51
certain ideologies believe it and you can say it.
49:54
You can say it. I thought you're going on the
49:56
5th tenant but. We'll get there.
49:57
We'll get there. Certain tenants, depending on
50:00
the ideology. Belief in equality and equality
50:04
is done via coercive means, via wealth redistribution.
50:09
Wealth redistribution works fantastically under a
50:12
centralized system and a central bank.
50:15
Wealth redistribution does not work very well under a
50:19
decentralized system where you can't debase the money,
50:24
therefore you can't distribute the wealth.
50:27
You can only raise income tax to a certain extent before people
50:30
are going to start pushing back. So the way that they're able to
50:33
tax more is by printing more, right?
50:36
So yeah, man, I mean, look, I have lots of friends.
50:42
I, I have big fans of the progressive Bitcoiner guys, huge
50:44
fans of those guys, and huge fan of anyone, regardless of
50:49
ideology that supports Bitcoin. I'm a friend of yours.
50:53
But if you do believe in big government, Bitcoin isn't it
50:59
isn't exactly you know, if Bitcoin wins, it's going to make
51:04
government smaller, right? And I want to go down the path
51:08
of like, look, you can really only have a big government with
51:11
the central bank. And we all have to remember what
51:14
our initial goal here was with Bitcoin.
51:17
Our initial goal here was with Bitcoin is to create a central
51:20
bank alternative and the long run hopefully ending central
51:23
bank altogether. If you end a Bank of a country,
51:28
they could no longer print their money and you don't have this
51:31
ever growing government. Do you want to know the reason
51:34
that Elon got so much pushback with DOGE is because he was
51:38
attacking the main benefactors of all that printed money,
51:43
right? Could you imagine where the
51:47
center of power would be without the Federal Reserve?
51:51
It would not be in Washington DC.
51:54
They wouldn't be there. So yeah, man, I mean, look, I
51:59
got to emphasize it. Bitcoin's for for anyone, but it
52:04
more closely aligns towards libertarian small government
52:09
type of political philosophies and ideologies.
52:12
And I'm so happy on a rumble because I could actually say
52:15
that. Oh.
52:16
Hey guys, I hear this right constantly.
52:18
You finally got it on the show and.
52:20
We're almost at 10,000. Viewers.
52:22
Hey Nico, the one thing? Before I liken it, yeah.
52:25
The one thing I almost cut you off on earlier is the very clear
52:28
the 5th tenet of the Communist Manifesto is a centralization of
52:31
credit. Literally.
52:32
Communism needs a central bank. If you are against the central
52:37
bank, you don't believe in that manifesto.
52:40
It's very clear and cut. And yes, I know we are, you
52:43
know, we, what do we say? We try to be inclusive here
52:45
because Bitcoin is for anyone. But there is a lot of people
52:49
that are going to hate Bitcoin because they have, I would say,
52:53
these warped ideologies that don't let humanity prosper.
52:57
We are individualists here. First and foremost.
52:59
We want to see you guys prosper. This is why we're Bitcoiners.
53:02
It's helped us in our lives. And if it can do it for us, it
53:05
can do it for all of you guys. It's a it's like very simple
53:08
economics and life philosophy that once you understand it, you
53:11
can't go back and it's very clear at that point it's This is
53:15
why we're here. This is why we're bitcoiners
53:18
anyways, Nico, I think we should wrap it up in the culture real
53:21
quick and just chat about being on the floor.
53:22
Absolutely. Video we're.
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All right. Everybody, we are back here at
55:30
the Rumble booth at Bitcoin 2025 day one industry day and of
55:36
course I'm joined with my legendary Co host Optimus
55:39
Fields. We're in Las Vegas.
55:41
You have to. You have to go through a.
55:42
Casino to get Yeah, you got to get lost in the casino before
55:46
you even hit the. Conference.
55:47
We are in Vegas, Viva Las Vegas. Anyways, this is the culture
55:51
segment. Dude.
55:52
I I. I let's I just want to talk
55:55
about the Rumble booth for a moment.
55:57
This is so awesome. Thank you so much to the Rumble
56:00
team for having us here. We are so hyped to be streaming
56:03
here exclusively on, on Rumble. We've had a blast today.
56:08
I can't wait to do it tomorrow because I, I think we, we were
56:12
still a little PTSD from like, are we going to be on YouTube or
56:15
what? And today, remember when we did
56:19
get booted from YouTube and we had the two days on Rumble and
56:23
we just went batshit crazy and now we're like, Oh yeah, I kind
56:27
of forgot what it felt like to just have fun on stream because
56:31
we always have to watch what we're saying.
56:33
So I, I, I just got to give a huge shout out to the Rumble
56:36
team. This is this absolutely awesome.
56:38
This is great, man. This is fun.
56:40
Yeah, absolutely. It's fun to get Nico.
56:42
Yeah, it's great, man. It's great where there's
56:45
platforms that actually value free speech and as Bitcoin
56:50
content creators, right? There's a lot of things that are
56:52
outside the Overton window. There's a lot of topics that are
56:55
hard to discuss that are hard to cover.
56:58
And, you know, it's platforms like Rumble that make that type
57:02
of stuff possible. Yeah.
57:05
And it's unfortunate too, man, that like, you can't bring up
57:08
these difficult conversations because if you do, you fear you
57:13
feel you fear getting deep platforms, you know, which is
57:15
crazy. Yeah, I mean, if your business
57:18
is built on YouTube or any social media and you have to
57:22
watch what you say, you have to essentially self censor at times
57:28
to just survive. It is a survival mechanism.
57:31
And like, as much as you want to just go in a hole and yell and
57:36
go in your echo chamber, the whole point of what we try to do
57:39
here is to get Bitcoin in front of as many people as possible.
57:43
Yes, you're a hardcore Bitcoiner.
57:44
Yes, we're hardcore Bitcoiners, but we got to realize that, hey,
57:48
you got to go where people are. It's literally how to win
57:51
friends and influence. You got to go where they are.
57:53
And for better or worse, we are still dealing, as Nikka loves to
57:56
say, with a very liberal Overton window where you can't say
58:02
anything. But we are starting to turn a
58:04
page here. It does feel like the culture is
58:06
shifting and This is why I like, I feel so hyped to be here today
58:11
and, and streaming from the Rumble booth because like it
58:14
does feel like the vibes have shifted.
58:16
They are shifting. We still have to deal with, you
58:18
know, popular culture and everyone out there not
58:21
understanding what you're saying.
58:22
You know, as a bitcoiner, you get looked at as crazy
58:25
constantly. So we're kind of used to it, but
58:28
we really try not to scare people off.
58:31
But inevitably we terrify people when you start ranting.
58:35
I mean, I got my buddy Chris ranting about his Bitcoin story
58:38
yesterday and instantly it was just like he just got 100%
58:43
blurted everything out and you're like, yeah, now I see why
58:46
we scare everyone because you just start ranting.
58:49
But I don't know, we've been ranting today and it's been fun.
58:51
I've been having fun. It's been great man, and it's
58:54
only day one of the conference, you know, and again, look guys,
58:58
what you have to understand about the Bitcoin conference is
59:01
ultimately if the World Economic Forum is the slavery conference,
59:07
the Bitcoin conference is the freedom conference, right?
59:10
Is what you have to understand Bitcoin is freedom, Bitcoin is
59:13
sovereignty. Bitcoin is hope if you take it
59:15
in self custody, because if it's not in self custody, it's fake
59:18
freedom. And that's that's not real
59:19
freedom. But if the World Economic Forum,
59:22
if Davos is the slavery conference, if Davos is the
59:26
central bank digital currency conference, the Bitcoin
59:28
conference is the freedom conference.
59:31
And I believe that the future of the world is freedom.
59:34
The future of the world is a world where you're not coerced
59:38
into using a money that is designed to steal from you via
59:43
inflation and purchasing power. That I think it would be a much
59:47
better world. It would be a world where people
59:49
would actually have the ability to save for the future, have the
59:53
ability to hope, have the ability to actually afford
59:56
things. I think that's been taken from
59:59
us, that's been stolen from us by broken money, by fake money,
1:00:02
by fraudulent money, Right. So and, and it's crazy too, bro,
1:00:06
because like you can't say those things like is what I'm saying
1:00:13
crazy is what I'm it's not a big ask.
1:00:16
Like Bitcoiners just want to be left alone.
1:00:18
We want to be able to save. But Nico.
1:00:21
Think about the. Roads, bro, we're.
1:00:24
Not going to have. Roads, bro.
1:00:26
Think about the roads. You're an extremist.
1:00:29
There's not going to be any roads, Nico.
1:00:31
Yeah, this is a very dangerous, dangerous talking point you got
1:00:34
going on here. No, obviously I've, I've, I
1:00:37
believe what Nico said. This is why we've committed our
1:00:40
whole lives to this. This is why we built our
1:00:42
business on this. This is why we went, you know,
1:00:45
100 plus percent into Bitcoin with every little penny we had,
1:00:50
because we truly believe this and we want more people to
1:00:52
understand it's very simple game.
1:00:54
Just stack Bitcoin, take it into custody, take out your money
1:00:58
from the system that is literally incentivized to steal
1:01:01
from you. It's a system of theft with the
1:01:04
monopoly on violence. We are forced to participate in
1:01:07
it. And now we actually have a
1:01:09
choice. We've never had a choice before
1:01:10
2008, or rather 2009, but whenever Satoshi launched a
1:01:15
white paper, we finally have a choice.
1:01:17
And literally Bitcoin was created for this exact moment.
1:01:20
If you're following macro markets right now, you know
1:01:23
there's a lot of uncertainty going on.
1:01:25
Bitcoin is the safest place to be right now.
1:01:28
And I mean, it feels really great here around all of our
1:01:32
crazy. Around.
1:01:34
Ranges or the future is bright, Nico.
1:01:36
Around other like minded individuals, right?
1:01:39
But what I will say too, dude, is that you said something
1:01:42
really interesting, which is their monopoly on violence,
1:01:45
right? And let's talk about that.
1:01:46
So the awesome part about Bitcoin is that even though you
1:01:51
might have a monopoly on violence, it doesn't it doesn't
1:01:57
give you an advantage, right? Like you can have all the
1:02:01
aircraft carriers, all the tanks in the world and if you don't
1:02:07
have that private key, you won't be able to take away that
1:02:11
Bitcoin from that said person. That is the power.
1:02:14
So it shifts the balance of power from the collective, the
1:02:19
state to the individual. That's the revolution, That's
1:02:23
the game changer. That's the that's the, the
1:02:27
change in the Overton window. And this is what people have to
1:02:30
understand and internalize, right?
1:02:32
This is what is really, really changing things is the fact that
1:02:36
the individual now has the power to save in a currency that can't
1:02:41
be taken away from them easily and can't be debased.
1:02:45
And that in itself is a revolution that's never happened
1:02:49
before in world history. And think about it.
1:02:52
It doesn't matter whether you're in North Korea, you know, poor
1:02:57
parts of the global South. If you have your Bitcoin and
1:03:02
your seed phrase and you're storing it, it doesn't matter.
1:03:06
They can't take it away from you, right?
1:03:08
That is a revolution. That's what make things
1:03:10
differently. But we also have to have the
1:03:12
difficult conversation of what are the political implications
1:03:16
of what I just said in 1020 years.
1:03:21
Bitcoin is a paradigm shift because of what I just said.
1:03:25
The fact that you can store millions, billions, potentially
1:03:29
trillions of dollars in your mind by just memorizing 12 to 24
1:03:34
words completely changes the conversation.
1:03:37
It completely changes the ball game.
1:03:40
And it, like I said, it moves the balance of power, right?
1:03:46
And how are governments going to look 1020 years from now when
1:03:52
they can no longer print to fund whatever it is that they want to
1:03:56
fund? You're talking about the end of
1:03:58
global wars. You're talking about actually
1:04:02
achieving peace and prosperity. And when you say that, you're
1:04:04
like, Nico, did you just say that Bitcoin ends wars?
1:04:09
And I'm like, yes, you know, back in the Middle Ages, a war
1:04:14
would end when the king ran out of gold and they couldn't pay
1:04:17
the soldiers. The King's an alchemist.
1:04:19
They. Literally could just print and
1:04:22
with their ability to print they could just continue.
1:04:25
OK. 1913 was when the Federal Reserve was established.
1:04:30
The biggest effing war in world's history.
1:04:33
The so-called Great War thing. It started in like 1918.
1:04:36
Do you think it was a coincidence that the biggest
1:04:39
World War started five years after they established?
1:04:43
Let's go further. That we had a World War.
1:04:45
That we had a world. Do you think that's a
1:04:46
coincidence that that happened, you know, a couple years after
1:04:50
the establishment of the Federal Reserve?
1:04:52
Do you think it's a coincidence that the Second World War
1:04:54
started after that? It's not a coincidence.
1:04:56
Do you think it's a coincidence that we have been in endless
1:04:59
wars since Vietnam, essentially here in the US?
1:05:03
No, Ron Paul has said this himself.
1:05:06
He says it's not a coincidence that the bloodiest century in
1:05:11
human history was the century of central banking.
1:05:14
Central banking and the ability for the political elite to
1:05:17
create the create money out of thin air.
1:05:20
Well, everyone else has to work for it.
1:05:23
It's too much power in the hands of too little, too too many
1:05:26
hands. And by the way, there's no
1:05:27
consequences for that because like, look, if you're a small
1:05:30
business and you make bad decisions, you go out of
1:05:34
business. If the government makes bad
1:05:36
decisions and misallocates capital the way that they do,
1:05:40
they. Get promoted.
1:05:41
They get promoted and they just print money.
1:05:43
That's it, right? So you have a misalignment of
1:05:46
incentives. What happened with Elon and Doge
1:05:49
was an example of that. It was an absolute tragedy.
1:05:52
It was an example of how much this system pushed back on
1:05:57
someone that I think, I know you're not a big fan, but I am
1:06:00
of someone that went in there with the best intentions trying
1:06:04
to fix that system. The system chewed them up.
1:06:08
They wouldn't take it. Yep, Yep.
1:06:11
And, and further luck. We, we, we put this in economic
1:06:15
terms and, and we are being broadcast to a whole new
1:06:18
audience right now. And to kind of bring it back to
1:06:21
where we are right now. And you know, the, the quote
1:06:24
culture war right now, all the woke nonsense that you don't
1:06:27
like is being backed by money that can literally be conjured
1:06:31
up out of thin air. It's literally free money, fake
1:06:34
money that they print out of it nowhere and push all the things
1:06:37
that we do not like about our current society.
1:06:40
Well, if you take your human capital back, take it out of
1:06:43
that, that system stored in something that they can't
1:06:45
inflate or create out of nothing, it literally starts to
1:06:50
dissipate in real time. Like this isn't just a financial
1:06:54
economic paradigm shift, this is a culture shift.
1:06:57
You, the individual can shift the culture by literally taking
1:07:01
your money and capital and wealth out of the system and all
1:07:04
the things you don't like in time will definitely go away
1:07:09
because they literally won't be able to create free money to
1:07:12
push it. Everything you don't like about
1:07:14
the world is being pushed by fake money and no one agrees
1:07:18
with it. We are coming back to reality
1:07:20
here and it's called the Bitcoin standard.
1:07:22
This is how we win. This is how we win anyways,
1:07:25
ladies and gentlemen. We'll leave it at that.
1:07:27
Guys. Thank you so much for joining
1:07:28
us. Shout out to the Rumble
1:07:29
audience. We'll be streaming exclusively
1:07:32
from Rumble the next two days like we did today only on
1:07:37
rumble. I think we'll be uploading it to
1:07:39
the podcasting platforms after the fact.
1:07:41
But if you guys wanna catch the show live, TuneIn to our channel
1:07:45
on Rumble, like subscribe, give us a follow and of course, shout
1:07:49
out to the rumble team for allowing us to do this huge fan
1:07:52
of the platform. Free speech is so important,
1:07:55
like disagreeing with people, being able to speak what's on
1:07:59
your mind is incredibly important.
1:08:01
Like that's how you actually have discussions.
1:08:04
The fact that we live in a world where you cannot say certain
1:08:07
things because if you say certain things, you get the
1:08:09
platform. It doesn't allow discussion, it
1:08:13
doesn't allow progress, right? So big fan of this platform.
1:08:17
We're going to be focusing a lot more on in the future.
1:08:20
Like I said, big shout out to the Rumble team and we love you
1:08:24
all and we'll see you guys wait. Smash the subscribe button,
1:08:26
follow us, whatever. And we'll see you guys tomorrow
1:08:29
for a brand new episode of Simply Bitcoin Live.
1:08:32
Thank you so much. Meet Rumble, the platform
1:08:36
founded on the principle of unfiltered access to diverse
1:08:40
ideas. Rumble offers a chance to
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discover independent voices free from algorithms and sensors,
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participate in bold discussions, and help protect a free and open
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Internet. Rumble bold and free.