Latest / Simply Bitcoin / Michael Saylor to Develop the Lightning Network | EP 646

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Michael Saylor to Develop the Lightning Network | EP 646 · Simply Bitcoin

0:17
Yeah. Welcome to Simply Bitcoin live
0:20
your number one source for peaceful Bitcoin.
0:22
Revolution occurred. Breaking news culture, me Matic
0:23
Warfare, we will be your guide through the separation of money
0:27
and stay and make no mistake. That's exactly what we are
0:31
living through. Ladies and gentlemen, I also
0:33
we're back, we're back, we're back in full force.
0:36
We have a lot of a lot of good stuff.
0:38
Ready for 2023. We're going to surprise, you new
0:41
content types. Have a lot of ideas.
0:43
We've been cooking over the holidays speaking of holidays.
0:46
I hope you guys had a good break.
0:47
Rake, good end-of-the-year, good Christmas or you know, whatever
0:51
it is you celebrate. But anyways, I want to welcome
0:55
my awesome co-hosts. The one, the only the legendary
0:58
Optimist Fields who's been bunkering down, and hosting,
1:01
simply Bitcoin, how you doing Opti on?
1:03
I've been, I've seen the comments like, Nico be careful
1:06
opt he's coming for you, so wow. Wow, I mean, man.
1:12
How could I not be better? We get to show up the beginning
1:17
of the year. It's proof of keys days is
1:19
Genesis block day and we get to create Bitcoin content and keep
1:23
everyone on the mission. You know, it's another year last
1:27
year, my life completely changed this year.
1:29
We're going to take it up another level and man, I'm just
1:32
hyped. I was saying in the space right
1:34
now is like, I think we are going to be in for an
1:38
interesting 2023. I set it all last year,
1:41
repeatedly like a broken record. We have crossed the mainstream
1:44
Rubicon and Bitcoin is a focal point of conversation.
1:48
Ation everywhere and I think we're going to only continue on
1:52
that narrative on that on that front this year and we're going
1:55
to see some crazy stuff this year.
1:57
Quote me now it's going to be a wild year.
2:00
Whether it's the price, whether it's just you know, Legacy Media
2:03
tax, whatever. It's going to be a wild year.
2:05
I am. I'm holy convinced of this and I
2:07
was tripping out on it. Last long like man this year is
2:10
going to be crazy. I can't wait to put in the work
2:12
with you guys this year. So let's go and also guys Going
2:18
to talk about Michael sailor, he bought and then sold some
2:23
Bitcoin. I know this is last week's news
2:24
but I think the signal out of all that news is that he
2:26
announced that microstrategy was gonna throw their hat in the
2:30
ring. When it's in when it comes to
2:31
light the lightning Network that that is the signal, I think that
2:34
is massive amount of signal. So we're going to get into the
2:36
details of that. And also we have a very special
2:39
guest, the host of in between to A6 Tatum and Tatum is get it
2:45
going to get us up to speed about what happened.
2:48
And with Luke Dash, you know, so he apparently he has all the
2:51
details of that we're going to get into all of that.
2:54
What happened with Luke was his Bitcoin, really in cold storage
2:58
and I saw mr. Hot, alright, apparently Luke
3:01
was asking for donations year or two back, but apparently, we
3:05
found out that Luke was the owner of over 200 Bitcoin man
3:11
that I don't know. How does that work?
3:14
Some people have no shame. So anyways, before we start the
3:16
show Tatum how you doing, bro? Whoa, good to see you.
3:19
Good to see you. Good to be back.
3:21
I'm doing great. I'm just block second more sets.
3:26
I love that, love that. All right, everybody.
3:28
Let's do it. Let's start the show.
3:30
Let's do this. The Bitcoin numbers brought to
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3:58
Hey guys, welcome back to another Kasich life hacks, I'm
4:04
your host, Tatum turn up also host of between to A6, not a
4:10
podcast. I hate in the winter whenever
4:14
it's really snowy outside. Alright, so I I live in
4:19
Louisiana so it never really is snowy but there's occasional
4:23
cold spells that, you know, make us have some patchy ice and I'm
4:29
just walking and I just slip. This is this is what it what it
4:34
kind of is like Wouldn't you really like if that
4:48
wasn't what happened? I'm going to show you how you
4:51
can use the heat from an Asic to make sure that doesn't happen.
4:57
All you got to do is put your Asic or A6 outside Thinking
5:04
about it now, there's probably going to need to be some more
5:07
steps. You take before you get to that
5:09
point. However I'm just going to show
5:10
you a cinch Ali, what happens? Yeah there's got to be a lot
5:15
that goes into this but I want to show you the okay bro.
5:21
Absolutely there is Legend. Tatum has some of the best skits
5:26
in the space. Anyways at the time of
5:27
recording, the Bitcoin price is 16,000 624 the stats per dollar.
5:30
6015 block height. 770,000 211 reachable Bitcoin nodes 15,000
5:37
817 blocks to The Happening 69,000 789 having estimate April
5:43
26 2024 getting close baby total lightning capacity. 5153
5:49
Bitcoin, capacity value, 85 million, u.s. dollars realized
5:52
monetary inflation, that numbers going to keep going down, right?
5:54
So Bitcoin continues to take Fiat currencies, absolute
5:57
absolute School, 1.76 percent, and the market capitalization of
6:01
Bitcoin, The billion dollars. Alright, everybody what I wanted
6:05
to go through today is this very simple idea that for some reason
6:12
it's just very difficult for a whole lot of people, right?
6:15
And this radical idea is now that you have this technology
6:19
stop trusting other people with your money or these types of
6:23
things are going to continue to happen and what am I talking
6:26
about? So for anyone who's not in the
6:28
know Gemini iron which was the yield product of Gemini went, E
6:33
up and now hundreds of millions of dollars, all these people,
6:38
according to this lever, it's letters 340 340 thousand people,
6:44
which is hundreds of thousands of people can't don't they don't
6:48
have access to their money anymore, right there.
6:50
Is there some reason they were searching either searching for
6:54
yield and not your keys, not your Bitcoin, right?
6:59
So apparently he doesn't have Occasion, Barry Silver anymore.
7:04
So he turned to Twitter type of embarrassing, the open but
7:08
there's two lessons here. Lesson number one, not your
7:11
keys, not your Bitcoin and lesson.
7:13
Number two, Why are you trusting other people why you know like
7:19
it like and this happened - happened with Celsius this
7:23
happened with FTX and it's like yeah you know, Cameron
7:27
Winklevoss terrible, you know, whatever you whatever your
7:30
opinion is of him, Barry schobert right?
7:32
Terrible you know, it's terrible person, you know, SPF terrible
7:36
person, Alex machines, key terrible person, it's like but
7:39
like why are you putting your trust in someone else's hands.
7:43
When you don't have to anymore, right?
7:45
Like, is that seven Percent yield worth it when the average
7:48
return of Bitcoin the last 10 years, like 250 percent.
7:51
Now I'm not saying is if we 250% into the future but let's say
7:56
it's a fraction of that. Let's say it's 50, 50% or 70%,
8:00
you know average return over the next 10 years is that 7% return
8:05
really worth it, right? Is it really really worth it?
8:08
And this is when this concept of have a low time, preference
8:13
comes into play right searching for that yield.
8:16
Is short, short time, preference Behavior, right?
8:19
And that's what got all these people rekt.
8:21
Where if you use, if you know, took mad Odell's famous lines,
8:26
stay humble Stacks at. And then what I add to that is,
8:30
stay humble stack SATs and then take those SATs into self,
8:33
custody not only, is that going to benefit you financially, but
8:38
that's also going to fundamentally change the world,
8:41
right? If Millions upon Millions upon
8:43
millions of individuals stopped Nursing the personal
8:47
responsibility of the storage of their wealth and actually took
8:51
that personal responsibility back into their own hands.
8:54
That is going to fundamentally change the world.
8:56
And that's what governments are scared of, right?
8:58
That's why Elizabeth Warren, you know, release that bill with
9:02
Senator Marshall, that's what it's all about because they
9:05
don't want you holding a money that doesn't steal from you.
9:08
That's what it's all about. Anyways, let's let's check out
9:11
some of this. So Cameron Winklevoss, Tyler
9:13
Winklevoss. You know earn update and open
9:15
letter to bury. She'll Is that you are the yield
9:20
stop trusting the people with the money.
9:21
Sticks, a Bitcoin mad O'Dell. It's his been 47 days since
9:25
gemiini earned, froze, withdraws, and Barry silbert
9:27
still owes users 900 million dollars.
9:31
A hundred million dollars of shy of a billion dollars.
9:35
And now they go, you know, they go head-to-head, dcg.
9:38
Did not borrow 1.7 1.6. 75 billion from Genesis dcg has,
9:43
never missed an interest payment to Genesis and is current on On
9:46
all loans outstanding. Next loan maturity is made 2023.
9:50
Dcg delivered to Genesis in your advisors a proposal in December
9:53
and at 29th and has not received a response.
9:55
There you go again. Stop trying to pretend that you
9:57
and dcg are innocent bystanders and nothing to do with creating
10:00
this mess. It's completely disingenuous.
10:03
So how, so how does dcg? Oh, Genesis, one point, six
10:06
seven, five billion. If it didn't borrow the money.
10:08
Oh, right. That's a promissory.
10:09
Note, will you or will you not commit to solving this by
10:13
January 8th? In a manner that treats the 1.1
10:15
billion? Denote as 1.1 billion.
10:18
So and I'm going to repeat the message so that you know like
10:22
you guys don't forget it. Stop trusting other people with
10:26
your money or the SPF thing wouldn't happen to you the Alex
10:29
machines. Keep that wouldn't happen to you
10:31
or this Genesis debacle wouldn't happen to you and Genesis at
10:35
sorry, Gemini, as an exchange, has one of the best reputations
10:37
in the space and it still happened to them because people
10:41
are were chasing, the yield number one, and number two, not
10:44
your keys, not your Bitcoin. If it's not In your custody.
10:48
Is it really? Is it really yours?
10:50
Or are you putting a lot of faith in someone else?
10:54
A lot of trust in someone else. From history, has shown that
10:58
people tend to abuse that trust over and over again.
11:02
Now, that you have the technology not to have to do
11:04
that, you know, what is the definition of insanity, trying
11:09
the same thing over and over again and expecting different
11:11
results. Yeah, if you're not taking
11:14
Bitcoin into self custody, you are Saying because you're
11:17
literally expecting nothing bad to happen.
11:20
But things continually happen that are bad over the last 10
11:23
years. Like what the fuck is that
11:25
about? Anyways, I'm do.
11:27
What are your thoughts on this bro?
11:29
I mean you've been here long enough?
11:30
This should not come on, this should not surprise you
11:33
whatsoever. Well, I mean, I think we went
11:36
pretty hard on this whole message last year.
11:38
I didn't read the open letter actually like myself, so I don't
11:41
know what's actually in that letter of what he's saying, but
11:44
the message but dude I spared Everyone the wanting to tear
11:49
your ears out because it was just like all, like it's not me.
11:53
Cameron Winklevoss. I that's responsible for this.
11:55
We didn't choose to add Gemini earn on the platform, even
11:59
though we knew everything about it, it is really Barry silbert.
12:04
It's problem. And everyone should get everyone
12:06
should get mad at Barry Silver. But my message is a bit corner.
12:10
Is not your keys, not your Bitcoin, it's as simple as that.
12:13
This is a very simple concept. Anyways, Opti, what are your
12:16
thoughts? Yeah.
12:17
I mean my first thought was when you're reading this is guys
12:21
today is the Genesis block day like you guys should go back and
12:24
read the white paper one more time.
12:26
It's literally in the first paragraph stop Outsourcing your
12:29
money, stop trusting, the middleman, you don't have to do
12:32
that anymore. This is why Bitcoin was
12:34
invented. This is why we can come in as
12:38
well. Bitcoin was invented digital
12:40
scarcities discovered Punching self.
12:46
You know, man, it's crazy that we saw so much of this in 2022.
12:52
I really hope that in 2023 people wake up to this idea that
12:56
we you know we harp on so much like not your keys, not your
12:59
Bitcoin, take your Bitcoin into self custody, you know, take
13:02
baby steps, use use Bitcoin mobile wallets like moon or blue
13:06
wallet and then get once you get a little more a little more
13:10
confidence fine Hardware signing devices like old card seed
13:14
signer and one of our sponsors Jade like guys you need to take
13:18
your money into your All because you got to stop trusting these
13:21
people because history has shown us time and time.
13:24
Again that when you trust people with your money, they will abuse
13:28
that trust and Satoshi fix this. And here we are.
13:31
It's January 3rd, Genesis, block day, proof of keys day.
13:34
This is why we have this awareness type of holidays here.
13:39
So that people understand, don't chase the yield because you are
13:43
the yield on this Bitcoin, Bitcoin does the heavy.
13:45
Lifting number will go up and just trust in the process.
13:50
Vide value and saving Bitcoin. This is a very simple, simple
13:53
blueprint. But people want to complicate
13:55
things, it is what it is. This is why we're here
13:58
absolutely one of our, one of our viewers.
14:01
I can't read that, bro. What is that?
14:03
Like, cape IBK boys. It takes 30 minutes to learn how
14:08
to use a treasure. Absolutely, I think that's the
14:10
signal right there, right. Is it really like if you take a
14:13
little bit of personal responsibility, the return on
14:17
that is exponential. Isis, you people continually
14:22
self custody is too too complicated.
14:24
Well if you believe that then you know you might get stuck
14:28
with your pants down with Cameron.
14:30
Looking behind, you saying, yo, Tatum what's up, bro?
14:34
What are your thoughts on all this but if you hold your own
14:38
keys there, no need for Twitter open letters.
14:41
That's all there is to it. I mean it's not that hard People
14:48
who D want to make it scary, but it's not like that he has no
14:53
backing for any of. I don't know why he is so hard
14:57
on, say, do not hold your own money like that.
15:00
That is Mental illness. There's no reason for you, not
15:07
to put it in Cold Storage, put your keys, you know, put on a
15:13
piece of paper. Next up, put it on a steel
15:16
plate. Like it's not hard, it really
15:19
isn't and you can go tinfoil hat.
15:21
Do your Gap multisig with several different wallets and
15:27
it's not as hard as people want to make it sound and the people
15:31
who make it sound harder getting An amplified and like, I love
15:36
saying it. You are the yield, like the
15:38
yield that you need, the only yields you need is holding your
15:41
own freakin Bitcoin. Like it's it, if you lower your
15:45
time, preference, long enough, you don't need any of this crap.
15:48
Yeah let's do it 100%. Like you are the yield if you do
15:53
your time preference you don't need this enough but I'll again
15:56
people you know like people are like no like you know I need
15:59
that yields. Like but like are you really
16:01
like with Coins. Like, I know some years it's you
16:04
know it's going to be down in terms of Fiat price, right?
16:07
But houghtaling ain't easy, American hottel like nailed that
16:09
like houghtaling ain't easy. It takes a special type of
16:13
commitment, belief to not only hold on to an asset when it goes
16:17
down, 80%, but double down and buy more of it when it goes down
16:22
80%, and what we call this, or at least, I call This And
16:26
whatever is paying the price of tuition, right?
16:29
Most people, unless you get the year of Entry.
16:31
Absolutely right. Right?
16:32
Pay a price of tuition that includes Michael sailor.
16:35
And that includes nine bouquet, which are currently paying their
16:37
price of tuition, Michael Sailors down in Fiat right down
16:41
billions of dollars or maybe a billion right is down a lot of
16:44
money, right? And that hurts that hurts, no
16:46
matter who it is, but you have to pay, you have to pay that
16:50
price. It is what it is.
16:52
But if you do, right, not only is it going to benefit you
16:57
financially, but it also benefits.
16:59
You psychologically, right? A deflationary mine.
17:02
Set is very powerful. The fact that you're purchasing
17:05
power increases over time versus decreasing is a totally
17:09
different mindset that most people are on and what it does
17:12
is it gives you hope for a better future.
17:15
Not, it's not a question of how can I ever afford this?
17:18
It's a question of how long do I have to wait in order to afford
17:23
this? And that is a totally totally
17:25
different question. Anyways Opti is time for news,
17:28
let's check it out. The Daily News brought to you by
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18:06
What is the second-best there is no second best.
18:09
Anyways, the reason our second-best today we're going to
18:13
talk about Michael Sailors. So Michael sailor over, you
18:16
know, over the Christmas time, the holiday season, he bought
18:20
the Bitcoin dip, here's his Market.
18:22
Insider article getting into the detail software company
18:25
microstrategy known from the largest corporate holder of
18:27
Bitcoin, has revealed additional purchases Of the digital
18:30
currency in December in an SEC. Filing on Wednesday,
18:32
microstrategy stated that between the beginning of
18:35
November and December 21st. The company purchased around
18:38
2395 Bitcoin for approximately forty, two point, eight million
18:42
dollars in cash. The company paid an average of
18:44
17 thousand eight hundred seventy one per token.
18:47
For this cachet on December 22nd microstrategy, sold 704.
18:51
Bitcoin. For a total of approximately,
18:53
eleven point eight million dollars at a price of 16,000 766
18:58
776. Join the company said that the
19:00
sale was for tax purposes. I believe that because I know a
19:03
lot of other people were doing that as well.
19:05
That apparently is called tax harvesting at the end of the
19:08
year and it's SEC. Filing the company stated
19:11
microstrategy plans to carry back.
19:12
The capital losses, resulting from this transaction against
19:15
previous capital, gains to the extent.
19:17
Such carry bags are available under the federal income tax
19:20
laws currently in effect, which may generate a tax benefit.
19:24
But I think the really big signal today was this and
19:27
actually Michael sailor announces on Twitter spaces that
19:30
he did not too long ago but microstrategy for anyone who
19:33
doesn't know to offer Bitcoin lightning Solutions in 2023,
19:38
that's absolutely insane. Right.
19:41
Public company looking into really throwing their hat in the
19:44
ring. In terms of the lightning space
19:46
that makes me extremely extremely extremely bullish.
19:50
A lot of people don't feel good about letting a lot of people
19:52
like, look, it's limited, right? There's only 85 million dollar
19:54
capacity if we really want Bitcoin, you know, to be the
19:57
world Reserve currency to have this.
19:59
World where I'd reach obviously, the lightning network capacity
20:01
needs to go completely up, right?
20:04
And the way that you do that is more development, more research
20:07
going into the space and it's extremely bullish.
20:09
That you have a company, you know, public company.
20:12
Obviously, you know, sailor, the largest stockholder, you know,
20:16
to go into that, right? So here are some of the details
20:19
microstrategy executive chairman.
20:20
Michael sealer, has shared his firm's plans to release,
20:23
Bitcoin, lightning Network, powered software and Solutions
20:25
in 2023 and it Twitter spaces event on December, 28, sealer,
20:29
shh. The company is exploring
20:30
software and solutions that utilize the lightning Network
20:32
such as solutions that support Enterprise marketing as well as
20:35
a cyber security solution aimed at corporate websites.
20:38
The lightning network is a layer 2 payment protocol layered on
20:40
top of Bitcoins Block Chain that allows for off chain transact
20:44
using payment, throughput and lowering transaction fees, a
20:47
business intelligence and tech company known for its massive
20:50
Bitcoin. Holdings microstrategy has been
20:51
looking up to beef, looking to beef up, its lightning Network
20:55
verse team. Most recently, announcing it was
20:57
looking to hire a software. Engineer to build a lightning
21:00
network based software as a service platform.
21:03
During the Twitter spaces, conversation sailor explained
21:05
that, the chief marketing officers could potentially use
21:07
the lightning to incentivize customers.
21:10
Such as giving out Satoshi rewards for engaging in
21:12
activities, such as posting, good reviews or completing
21:15
surveys, the company also wants to make it possible for any
21:18
entreprise to spin up lightning infrastructure in afternoon.
21:21
I think that's really the signal there, right?
21:23
Is taking away, the complexity of lightning so that the average
21:27
company without having to Are you know, a software team could,
21:31
you know, could integrate it into its products and services
21:34
or integrate it into perhaps me but payment platform.
21:37
Right? Like the fact is right, this is
21:41
a reality that most retail online doesn't have doesn't have
21:46
lightning enable it does it, right?
21:49
So how do we make that easy? We know that Bitcoin is internet
21:53
narrative. Meaning a native meaning it has
21:56
a home field advantage, right? Think about PayPal made it easy,
22:00
right? Because it saves your payment
22:02
information. But, you know, it still pops up
22:04
the payment that the psycho sign in to your PayPal, you know, if
22:07
you have to fa, you have to go through that, you have to.
22:09
Even if you save your password, it's still take some steps.
22:12
If you don't have that, you have to literally.
22:14
And I know that all you guys have experienced this literally
22:17
plugging in your keyboard numbers to type in your credit
22:20
card. Like it is a pain in the ass
22:22
takes a lot of time with lightning it's literally
22:25
scanning a QR code with your phone.
22:27
You haven't done it. It's Literally instantaneous and
22:30
I do recommend you doing it just to try it out and you'll
22:34
literally have a glimpse of what the future is going to be.
22:36
It's so much easier. The fact that you know,
22:41
lightning isn't taking advantage of Bitcoins home field advantage
22:46
which is the fact that it's internet native, you know, like
22:49
it's the best the thing that you're best at you're not doing
22:52
right so. But this is really good, you
22:55
know? I know that other Bitcoin
22:56
companies are working on this as well.
22:58
Anyways Opti, what are your thoughts then?
23:00
After that, we brought Tatum on the show to talk about Luke Dash
23:04
what happened to Luke Dash. So we're going to get to that in
23:06
a bit. But Opti, what are your thoughts
23:07
on the Chad? Sailor microstrategy throwing
23:10
their hat in the ring when it comes to lightning?
23:12
Yeah, man. So So I think 2022 we saw a lot
23:17
of awesome development on the lightning Network, we say all
23:21
the time, you know, bitcoiners build in the bear market and
23:23
shuts out the back up because, you know, they're building on
23:26
the lightning Network and I think this is just another
23:30
Testament to the idea of like once you become a Bitcoin.
23:32
ER once you have a stake in the Bitcoin Network, you're trying
23:37
to do your best to continue to propel the network so that more
23:40
people get on the network. And so I think this is super
23:43
awesome. See microstrategy put in their
23:46
hat in the ring and, and develop on lightning, and, and further
23:50
the protocol into the future. So that more people can adopt
23:53
Bitcoin. And, I mean, I've been bullish
23:56
on lightning since I've been able to use it in 2018, and I
23:59
just love the user experience of lightning transactions.
24:03
I pay my friends with lightning. You know.
24:04
I wear ever anywhere. That will take lightning.
24:08
Just it's you scan a QR and it's their final settlement.
24:12
It's way better experience. Audience than a credit card, you
24:15
don't have to give personal information, so I am definitely
24:19
bullish on lightning and and to see more companies put their hat
24:23
in the ring. We saw not dig and what's it?
24:25
Wolf's clothing or wolf. I forget what the name is but in
24:29
Wolf's clothing, I think it was last year as well.
24:32
So we're definitely seeing big companies, try to develop on
24:36
lightning and I think this is something that we will further
24:38
see this year and I just can't wait till more companies have
24:42
spend up like a BTC Pacer. Server and accepting lightning
24:45
is going to be awesome. Absolutely Tatum.
24:47
What are your thoughts? I actually got really
24:52
enlightening recently, I hate little bit, because just having
24:58
difficulty would have spun up my owed.
25:03
But once I actually got some help and like, talk to be
25:09
teachings, a lot to, I started asking him questions doesn't,
25:14
it's just like conversation, but But, I don't know.
25:19
I got, you know, throughput and capacity liquidity.
25:24
But also I've opened it. You don't need a node to
25:29
interact on Lightning. You can literally use lightning
25:32
enabled wallet such as blue wallet, but remove them.
25:36
And once you what you actually do a transaction over lightning,
25:41
like I've bought several things from crypto, cloaks BC pins,
25:46
using lightning. You Sighs.
25:49
How much easier it actually is because it's, it's really
25:57
difficult. When you go the, the Trad fire
25:59
out and a lot of people don't necessarily like, oh, it's just
26:03
a credit card. I got my numbers right here, as
26:06
you got to pull it out, my wallet and type it in.
26:08
There's a lot to unpack with that.
26:11
But then also, when is that going to be taken out of your
26:14
balance, if your balance is low there, you're going to overdraft
26:16
is they're going to they're going to Reverse the
26:19
transaction, are they going to? Is it going to get caught up on
26:21
a bank holiday? You know, there's a lot that
26:24
goes through that lightning, I don't have to input anything.
26:28
I pick up my phone and I scan a QR code and Tap a button and
26:33
cool awesome. I got my stuff on the way and
26:38
that's it. I don't know what the future
26:41
looks like for major retail to implement that, but it's coming
26:47
one way or the other. 100%, I agree with you.
26:51
It's coming. Bitcoin is inedible.
26:52
The incentives are just better anyways.
26:55
So before we dive in to to Tatum because Tatum did the Deep dive
27:00
is why we reach out to me and spared me.
27:03
Doing the research. This is Luke Dash.
27:08
Luke Dash is from my understanding, and please
27:10
correct me if I'm wrong. He's a Bitcoin.
27:12
Core developer is what he tweeted January 1st.
27:16
The first of the year, my pgp key is compromise.
27:19
At least many of my Bitcoins stolen.
27:21
I have no idea how help please. Looks like some of it coin
27:25
joined. What the heck?
27:27
This is weird. He's a Bitcoin or but he's also
27:29
tagging the FBI students never mind many it.
27:32
So basically gone people asked him was the Cold Storage?
27:37
No, they got my cold wallets who somehow.
27:40
I think this really like freaked.
27:42
A lot of people out. Apparently, what he had was
27:45
over, 200 Bitcoin, on a hot wallet.
27:47
A lot of people are looking at it.
27:49
So I don't know what happened and I'll mention this and then
27:54
I'll give the reins off to Tatum.
27:56
I think he, you want me to share the screen.
27:59
Yeah you can do that. I have some absent.
28:01
Yeah, hold up. So an apparently, apparently the
28:06
loop Dash. He's a Bitcoin core developer
28:08
and he doesn't know how to self cuz he doesn't know how to put
28:11
his Bitcoin into cold storage and I think that lot that that
28:14
freaked a whole lot of people out.
28:17
So So yeah, so Tatum why don't you dive into the details?
28:22
What happened? What do people know and I think
28:25
the most important question a lot of people's minds is is your
28:28
Bitcoin safe in Cold Storage so impressed with under a tornado
28:38
watch. Not a warning.
28:39
Warning is when there's actually a tornado, a watch, it's just a
28:43
probable activities. I don't be to happen but if
28:47
that's why. Um, but the unfortunate thing is
28:53
that no one really knows what's going on with the Luke situation
28:58
and there's a lot of speculation and someone said it in the, in
29:02
the chat, the whole story seems us and it does.
29:06
But real quick, quick dive on who Luke is.
29:09
He was the eligius founder maintains BFG minor, which was
29:15
an early. GPU mining kind of Revelation
29:20
and also made a few clients early clients that you know,
29:26
Bitcoin core and help sorry. But then also he was he kind of
29:33
redefined how the Bitcoin Improvement proposals or kind of
29:39
laid out and authored quite a few actually I don't actually oh
29:44
yeah he 20:21. Actually, I don't know if he did
29:47
20 21, 22, 1918. Several early bips.
29:52
And what I found very weird and interesting.
29:57
Speaking on what Nico said at agnya there was a about this but
30:05
petition against illegal use and it says we the undersigned are
30:11
opposed to the use of Bitcoin for any kind of illegal activity
30:14
which whatever. You use on that.
30:17
We encourage Bitcoin follow the laws in their jurisdiction and
30:21
applicable taxes is really weird for me.
30:25
And in fact he was actually if you look at the actual revision
30:32
history, he was the one who authored this.
30:34
So that along with the FBI I was a little confused.
30:40
It opens up more questions and figure more.
30:45
About that wide a technique. I've always I do but this was
30:49
the tweet that Nico shared his pgp key was compromised, Peter
30:55
Todd, who is another another I think for developer.
31:00
I want to say this goes, don't try to clarify because I said
31:06
hey this is real trust me. He and talk about Solutions.
31:15
On why this might have happened using get into versus cubed OS
31:23
which I'm unfamiliar with. But all it boils down to was
31:29
these DM's that that he shared. And this is also don't whisper
31:35
if I know for a fact of this because Luke that I didn't said
31:40
he's a liar but he said, Your setup is actually a lot more
31:47
secure looks saying this guy named Adam uses node called
31:52
passphrase and 11 and he's like what Luke did was hold
31:58
everything. One area.
32:01
He didn't have any multi, didn't have any air gaps, at least,
32:05
that's what see him home and what was this?
32:08
I can't remember. Oh yeah, this was what really
32:12
pissed me off. Is that whenever he said, the
32:15
exchanges didn't have the Bitcoins ironic it, they
32:17
probably still be safe it like that at all, because Yeah,
32:25
because you were an idiot with your like, I mean FTX they
32:30
wouldn't be safe if they were in some ways, they wouldn't be
32:33
safe. They were staying up until you
32:36
screwed up and also had a server attack a couple of months ago,
32:42
which I don't know. Those tweets.
32:43
Actually, I don't remember what this one is.
32:46
But oh yeah, he's calling people Liars.
32:48
Whenever they like, he's not self custody incorrectly so
32:53
Still a lot of unknowns. But what we do know, is that he
32:58
suffered a server attack in November, which I forgot to pull
33:02
up those tweets about about this, but after that, he didn't
33:08
like redo everything I would have 100% just like redone.
33:14
Absolutely everything would have gone offline for a month, two
33:18
months until I figured out how to secure everything.
33:22
After I had a targeted. Attack grinning.
33:24
What I think is that he had a little bigger of a Target on his
33:28
back being, a core developer, knowing that he had so much so
33:33
many Bitcoin. He was also asking for donations
33:37
back in 20, 20 or 21. I can't remember and announced
33:43
that he had upwards of a couple of million dollars worth at the
33:48
time of him announcing that, and the fact that he didn't fully
33:56
just secure that, he secured it on a third-party server, it
33:59
seems like we're as essentially what happened with the.
34:04
Oh God, who was the? I can't move.
34:07
I lost track this. The rapid on.
34:11
That's what happened there. Bitcoin.
34:17
He's doing what you need to do is not harm.
34:22
You your wallet on your, you put that Hardware somewhere and
34:31
that's all you got to do. That's what I do.
34:34
A lot of other people do. A lot of other people do much
34:37
more, but even with me telling you that set that up right
34:41
there, you cannot not get my Bitcoin.
34:45
And what he did was keep everything really centralized
34:50
oddly enough into something where other people had their
34:54
fingers on tinkering and that's, that's what I see happen.
35:00
The story is still developing, I think at think that more is
35:03
going to come out, but he was Reckless and everyone even core.
35:08
Developers can be Reckless. It's extremely easy, be
35:12
Reckless. There's plenty of that step by 4
35:18
equals the be Reckless and also it doesn't even cost any money
35:26
to sorry if my audio sound weird.
35:28
I'm getting weird signals here. I'm going to turn off the video.
35:34
TT. You, that's a little better.
35:37
But yeah. There's there's solutions to to
35:41
fully custom your Bitcoin without even paying any
35:44
additional money for like Hardware while it's until you
35:46
can get one. I'll recommend getting a
35:48
hardware wallet but download blue, wallet, download moon like
35:52
there's different backups that you can use with those but
35:56
that's that's what I've gathered so far.
35:59
I'm sorry, that's not very conclusive but it's What I've
36:02
figured out just doing my little little diet deep dive.
36:08
Absolutely. And I think, I think that's
36:11
really the, that's really the message here, right?
36:15
Is like a lot of people don't understand this right?
36:18
When it comes to self custody, when it comes to the storage of
36:22
your wealth, there's two things that are your enemies, right?
36:25
Obviously, if the security is too low, And then obviously if
36:31
the Security's too high, right? Like if you don't have the taken
36:34
technical capacity to access your multisig, a recovery or
36:39
multisig correctly, you know, it could be just as bad as your
36:42
Bitcoin getting hacked, right. Like maybe not as bad but still
36:46
you don't have access to your Bitcoin because you were over
36:49
complex, or you did something that was too Technical.
36:52
And I think that's really the case with Luke here right.
36:56
Is that perhaps he saw himself. This setup so so so bulletproof
37:01
because he's a cord dad and he has the experience and he's
37:04
like, no, I don't need a hardware wallet where, you know,
37:07
you could have made the argument that.
37:08
Hey, maybe, if you were just humble and just like bought
37:12
yourself a jade or bought yourself a cold card or make
37:16
yourself a seed signer, maybe that could have just been better
37:19
security, right? Then, you know, storing your
37:23
Bitcoin on a computer that was connected to the internet, which
37:26
is the definition of of A hot of a hot wallet.
37:30
So anyways, Opti, what are your thoughts?
37:34
Well, my thoughts are, you know, I say, I think I say it all the
37:39
time, like just don't over complicate things and, you know,
37:42
take baby steps to self custody because, you know, we, we are
37:47
our own worst enemies. And I think this is just kind of
37:52
one of those points of Luke, being His Own Worst Enemy, and
37:56
just like getting complacent, And and he got wrecked in it and
37:59
you know, it sucks to see you never want to see situations
38:02
like this happen but to see people on Twitter, you know,
38:06
parading and telling people not to take self custody.
38:08
I think is just completely idiotic like this shouldn't, you
38:12
know, stop people from taking self custody.
38:14
I know there's the meme of like, oh of a Bitcoin core Dev, can't
38:17
take self custody. Then, like what can the average
38:19
person do and it's like, man, take self custody whether it's
38:25
just on, you know, in your phone on a mobile.
38:28
Lap or like we tell you guys all the time of buying a hardware
38:32
signing device like you know, Jade or cold card or creating
38:36
your own on seed signer. It's like I think the best bet
38:39
for people is like, I say all the time, if I can do it, you
38:42
guys can do it. And if there is a learning curve
38:45
but the, this is what we got to do to ensure that we are holding
38:49
our own money and that people aren't trying to rob Us by DD
38:53
basing, our currency. So like I think this is just one
38:56
of those those shitty. Situations to see someone
38:59
overcomplicating things and racking themselves and it's like
39:02
man you know this is a bummer to see.
39:05
So we got a good question in the crowd Plan.
39:07
B says is ledger live, a hot wall and I know Ledger live is
39:11
very popular. Especially with people, just
39:12
getting into the space, they buy a ledger and they go legit.com,
39:16
and then Ledger, you know, has it has its own software Ledger.
39:20
Live is not a hot wallet, the private keys are on The Ledger
39:24
itself, however, you are doxing your balances Has to Ledger
39:29
because you are using their node.
39:31
I don't know if Ledger live has the capability of connecting to
39:34
your own node, but I still don't recommend using the software
39:37
that comes with the hardware wall itself.
39:40
I recommend using another wallet software specters, great.
39:44
I'm a, I'm gonna like trim junkie.
39:46
Really? You know, it's really, it's
39:48
really up to, it's really up to you.
39:51
I know people are fans of sparrow as well and, and if you
39:56
if you feel like you Have the time assuming you have a ledger
39:59
if you have Ledger live, you can use Ledger with electrum with
40:03
sparrow, with, with Specter, as well, right?
40:07
So, so, yeah, man. But, so, from my understanding
40:11
Ledger live is not a hot wallet, as long as you're collecting,
40:15
connecting your ledger to your computer, your private Keys
40:19
should be on your Ledger and, of course, you know, wherever it
40:22
is. That you decide to back up your
40:24
24 word, see various or 12, word, seed phrase.
40:26
Anyways, everybody, let's get to the the culture.
40:28
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Comm, simply Bitcoin. Anyways, Opti, what are you
41:16
talking? Oh, it's Bitcoins birthday,
41:18
isn't it? It's ya birthday.
41:20
This it's, this is where we're starting guys.
41:22
I mean, it's almost fitting considering what we just covered
41:25
on a news, but today is Genesis block day and as As Bitcoin as
41:29
we celebrate that by calling, it proof of keys days, taking your
41:33
Bitcoin into self custody or, you know, on a on a not.
41:37
So optimistic view, calling the bluff.
41:39
On all these shit coin exchanges on all the Bitcoin exchanges
41:42
and, you know, creating our own little Bank runs and ensuring
41:46
that they have your Bitcoin. But hey, man, if you are waiting
41:48
for today, or January, 3rd every year to take your Bitcoin off
41:52
the exchange, I would not recommend that take your Bitcoin
41:55
into self custody, right? When you get it or at least, You
41:58
know, you can do whatever you want with the utx house, but the
42:02
best time to take some custody is not today.
42:04
It's usually when you buy your Bitcoin but hey, that's another
42:07
point. So for those that don't know
42:09
what is the Genesis block. It is the first block in the
42:11
Bitcoin blockchain and it's the infamous block that we all talk
42:17
about every single day at least on here.
42:20
Then this show in the Genesis Block in the code or in the the
42:24
raw file. If there's the, there's the
42:28
quote or the reference to an article, the the times 03
42:34
January 3rd, 2009 Chancellor on brink of second bailout.
42:38
And this is why us bitcoiners continuously, talk about central
42:42
banks which is why we tell you guys to take Bitcoin into self
42:44
custody because you can call the bluff on the bankers.
42:48
And again, on this day in 2009, the Genesis block Was Mine by
42:52
Satoshi Nakamoto new launching the Bitcoin Network.
42:55
And this is why it is happy birthday to bitcoin.
42:58
And I bought a couple other cool little tweets.
43:01
This one's by BBC Gandalf. You guys.
43:03
Bitcoin is the first time. Humanity has had a hard money
43:05
with a fixed Supply and predictable issuance scheduled.
43:08
Thank you. Satoshi.
43:09
Happy Genesis block day or Mandrake, here goes happy
43:13
Bitcoin. Dennis is blocked a.
43:14
This block is on spendable. He's talking about the Genesis
43:17
block, and also, another cool little tid bit Satoshi.
43:20
Also, waited, six days, before mining block number two.
43:23
So others had time to join the network.
43:25
This is why a lot of us bitcoiners call it the Genesis
43:28
Block, this is why there is so much religious fervor behind
43:32
Bitcoin because it's literally like the Genesis story from the
43:36
Bible. You know, I don't want to push
43:38
out of religious views or whatever but Bitcoin is a
43:40
religious out there to some people.
43:43
And then there's this really cool thread and by Alex wallets
43:47
at AKA raw. Picado he says 14 years ago
43:49
today Satoshi mind the first Bitcoin block and in it.
43:52
He and grade this newspaper headline and here's the thread
43:55
that shows you how to check that message.
43:56
So I'll drop this in the YouTube description.
43:58
And and then one more it's by B teen and this is just a
44:02
reference to kind of what we talk about all the time here
44:06
about the fact that politicians will always find a way to debase
44:10
your currency and B and goes August 15. 1971 Nixon closed.
44:14
The gold window January 3rd, 2009 to toast.
44:17
You Minds at Genesis block Bitcoin is over twenty percent
44:20
twenty seven percent is old as the post Fiat dollar and Bitcoin
44:24
has been a clear success, while the US dollar remains a widely
44:27
destructive and highwomen, Highly experimental currency.
44:30
And so on this January 3rd, Genesis block day on the first
44:35
episode of the year. I don't think we could have
44:37
picked a better. A better topic to get on what
44:40
I've been saying for a while on the militant positivity Bitcoin
44:43
Vibe of this is why we do what we do, this is you know, to toe.
44:47
She gave us a gift of digital scarcity, gave us Bitcoin so
44:50
that we can save and something that cannot be debased in a
44:54
digital currency that can go across the world in 10 minutes
44:57
to speed of And in my opinion is just kind of like a gift that
45:01
Satoshi gave us, you know, like not only does it tell she wants
45:05
you to be rich and healthy but I want you to be rich in healthy
45:08
and so we want you to turn on, you know, put down the phone as
45:12
the saying goes and take your Bitcoin into self custody, in
45:15
sure that you hold the private keys to your Bitcoin, and we say
45:18
it all the time, use Moon wallet, use Jade, while at
45:20
Hardware signing device you use Bitcoin core cold card, blue
45:23
wallet. Seed signer whatever trade-off
45:25
you have picked to your favorite Favorite, you know, way to store
45:30
your Bitcoin, it is upon you to figure that out, test the stuff
45:33
out. These are the stuff that I like,
45:36
you know, if you want to save in Bitcoin, whether that's with our
45:38
sponsors Swan or one of my favorite companies, as TECO out
45:41
there, just get Bitcoin into your hands and sure that more
45:44
people are waking up to the idea of why we Bitcoin.
45:48
And like I say all the time and provide value to your fellow man
45:51
and further your Fiat cash flows and sure that if you're
45:54
providing the value this at to will come to you, the Bitcoin
45:57
will Flow To You. And guys, we are competing for
46:01
our very survival here. The Fiat monetary system is
46:04
designed to take from you guys. And Bitcoin is given our power
46:08
back guys. You are competing every moment
46:10
of the day and you're competing with the Michael Sailors out
46:13
there. You're competing with your
46:15
fellow plebs out there to stack SATs and so don't let them out.
46:18
Stack you, this is the first episode of the year.
46:21
I will be on this Mission all year of telling you guys do not
46:24
get out stack by these people continue to take your Bitcoin
46:27
into self. Study because this is all that
46:30
really matters to toe. She wants you to win, simply
46:32
Bitcoin wants you to win. They gave us the tools to take
46:35
back our life, our energy, opt out of the madness, opt out of
46:38
the Fiat game, guys, this is why we do what we do every single
46:41
day. This is why the Genesis block
46:43
day is so important. January 3rd, a Bitcoin holiday
46:46
proof of keys day. Remember what is in the Genesis
46:49
block Chancellor on the brink of second bailout?
46:52
We know what the problem is? We know what the issue is, it's
46:55
the money printer. This is where they get their
46:56
power, but you can call the Off by taking Bitcoin into self
47:00
custody again, do not overcomplicate.
47:02
It do not just continue to complain spread the solution,
47:05
which is Bitcoin, which is self custody.
47:07
Promote the wallets, you like we said, you know, Moon wallet, on
47:10
mobile, blue wallet on mobile code card.
47:12
Jade seed, signer as Hardware signing devices, use Bitcoin
47:16
core to follow the transaction with their own node.
47:20
Like this is the first episode of the year and I'm going to be
47:23
saying this all year long, guys. So I'm gonna be a broken record.
47:26
But get rich, get strong, get Healthy, take back your money,
47:29
put on an oxygen mask for yourself.
47:32
Take your Bitcoin, into self custody and guys, like, it's
47:36
bigger than just ourselves. But it's all about the
47:39
individual here. So it's about turning
47:41
everything, you know, upside down.
47:43
And becoming a big Corner, taking your Bitcoin into self,
47:46
custody trying to change the last hundred years of crazy.
47:50
Politicians of crazy monetary policies, like this is about you
47:54
becoming more Sovereign. This is an individual.
47:58
But united, we win. As we've been saying really hard
48:01
on last year show. We are in the race to avoid the
48:04
war and we need to ensure that people have the tools that
48:07
people know why we Bitcoin, why they should Bitcoin what the use
48:11
case of Bitcoin is. And you know as we say all the
48:14
time again cliche big corner, like the Matrix is all around
48:18
you and they don't want you to win but we have the tools so
48:21
continue to spread the love which to me is Bitcoin continue
48:25
to get that message out there because you guys Out there.
48:29
I looked at the analytics last week, while we were gone and,
48:32
you know, I realize our demographic.
48:35
You guys are men of similar age. To me, we are the fighting
48:39
military aged men out. There we are the ones that are
48:42
taking back the revolution. We are the ones that are taking
48:45
back our lives and calling the bluff on all this madness.
48:48
Forget about the Boomers out there, there's more of us out
48:51
here and we really need to take up this mantle this year because
48:54
I am convinced that this year, we are going to see probably The
48:58
biggest attacks on bitcoin that we've seen up to this point, and
49:01
we saw some crazy stuff last year.
49:03
So get yourself in the right fighting mentality mentally fit,
49:09
physically fit spiritually, fit. Make sure your cold storage is
49:12
secure, make sure your Bitcoin is off the exchanges.
49:15
Because you do not want to get caught up in these situations
49:18
where you lose your life savings in a blink of an eye.
49:22
I like what? BTC pens said men of the Corn
49:25
stand up, take back your life with it to me.
49:28
This is the most important thing we can be doing.
49:30
We are in a war right now, it's an information War, the psyops
49:33
are everywhere. So, how do you call the bluff?
49:36
You take Bitcoin in the self. Custody, you ensure that you and
49:38
your family are fit healthy that you have your ducks in order,
49:43
because they want you week, they want to pour, they want to
49:47
owning nothing. So what are we going to do?
49:49
We're going to provide value to our fellow, man.
49:51
We're going to save in Bitcoin and we're going to take Bitcoin
49:54
into self custody and this is how we win opt out of the
49:56
madness. This is something I'm going to
49:58
On super hard this year. Happy birthday Bitcoin, 14
50:02
years, running strong, and here's two, hundred more years.
50:06
Here's till 2140 when we get the last lash, you know, Bitcoin
50:11
subsidy out there really take it upon yourself, guys.
50:16
Like, I really want you to internalize this, we are in a
50:19
war, it's an information War, it's a war of nutrition saving
50:23
Bitcoin, provide the value. Take your Bitcoin in the self
50:25
custody and slowly but surely we will Take back.
50:29
What is rightfully ours? And it is planet Earth.
50:32
Amen. Say Opti.
50:33
Going. Strong.
50:34
First day of the year. Absolutely.
50:37
Happy birthday. I wrote an article for Citadel
50:41
21 and the name of the article is Bitcoin.
50:43
Gave me purpose. And you know, before Bitcoin, I
50:46
was a really bad place in my life and really you know gave me
50:51
a career dead. Me hope again in the future.
50:55
Really, you know, in a way I don't maybe this is too strong
50:58
but really did kind of give me my love my life back and I'm
51:01
forever grateful for Satoshi. And you know what, I can
51:04
contribute back is my content my hash rate and, you know, I fight
51:08
for it because it really did everything for me at least and
51:12
me individually. So yeah, man, happy birthday
51:17
Bitcoin your now 14, you're a teenager.
51:20
You're in your rebellious years to be crazy when Bitcoin turns.
51:25
Dude, you know, that's just me nuts or 21, maybe they coined 21
51:31
birthday isn't real it. Tatum what's up, man?
51:34
What are your thoughts on Bitcoins, birthday?
51:37
Girl, can hear me? Okay, do not know what's going
51:40
on my quality but I am very for Bitcoin.
51:44
It feels weird. 14 years old, but like you said, like I was a
51:54
dreadful If I cook and I kind of got my life back when I figured
52:01
out like, oh, there's something that I don't absolutely paid.
52:04
The victors, what I do personal finance and I hope to continue
52:11
to spread that to every person who wants to listen and even
52:16
those who don't want to listen because they're eventually
52:20
happened to. So I'm very thankful very
52:23
excited. You're scared at the same time
52:27
but in a healthy way. So let's let's go another 14
52:32
years and Beyond absolutely right.
52:35
A lot of people believe Bitcoins in the last thousand years, I
52:38
mean like think about how difficult Bitcoin how difficult
52:43
Bitcoin has been to co-opt, right?
52:47
Like I think that if something does last a thousand years I
52:50
think Bitcoin has the best probability to do.
52:52
So right? It's survived, you know the
52:54
Chinese Communist Party Banning Bitcoin.
52:56
They're still trying. He's mining Bitcoin and Mainland
52:59
China, right? I suspect the final boss.
53:03
I don't want to let you guys know if you've been tuned into
53:06
the show. What I believe is going to be
53:08
the final boss. You know, I think Bitcoins
53:12
incentives are just going to win the day.
53:13
Like I think that incentives are fundamentally stronger than
53:16
coercion and I think everything, the only thing they have left is
53:19
coercion. They have Force, right?
53:22
I believe in incentives. Right?
53:23
Incentives are much Longer because incentives, it's the
53:28
individual who's willing to adopt something because it
53:33
benefits them rather than the point of a gun.
53:36
The point of a gun is like do this or else our hurt.
53:39
You problem is that that type of system has leaks, right?
53:43
So if they don't get everybody on board Which history has shown
53:46
the never been able to even in the most totalitarian countries
53:50
doesn't work right versus your incentivized to adopt something.
53:55
Right? It's a whole different Dynamic
53:57
and I'm extremely bullish on Central, South Africa, South
54:02
America, Africa, adopting Bitcoin because there the
54:06
incentives is ridiculous, right? They don't Bitcoin is the best
54:10
alternative, right versus, I think a lot of people in the
54:13
west, they're distracted by the bread and circuses, they're
54:15
distracted by the developed Financial rails.
54:17
And I think that is going to be where the battles the hardest
54:20
right in terms of Education that front is going to be the
54:23
hardest. Anyways yeah exactly.
54:26
Jose San Angelo said it right. They can't shoot us all and I
54:31
think, you know, but what is Michael sailors say, right?
54:34
I want to be a winner. I don't want to be a martyr.
54:35
So yeah, we want to be winners here.
54:37
That's what we fight, and it falls down to all you guys
54:40
write. This is about, this is a
54:41
Grassroots movement, All Falls Down to the individual, pass it
54:45
on, you know be the Uncle Jim with your family, be the crazy
54:48
person that your friends want to hang out with because they talk
54:50
about Bitcoin all the time. Get that message out there of
54:53
eventually, we're going to run. Reach critical mass, where the
54:56
ideas in the ethos of Bitcoin are going to hate are going to
54:59
enter into mainstream Consciousness.
55:01
You're already seeing you know one of the most popular
55:03
broadcasters in the world Tucker Carlson host people like Michael
55:06
sailor people like nine buchelli people like Max Keiser and he
55:10
said on his famous Tonight Show. He's already said it, I'm a big
55:15
fan of Bitcoin quote. That's literally what he said,
55:18
right. So I don't think we're, I don't
55:19
think we're that far away, but we do have to keep up the
55:21
pressure. You know, stay Village isn't
55:24
Dona don't don't get distracted anyways everybody.
55:30
Let's get to the meme review. Let's do this.
55:34
The daily meme review brought to you by Kaboom racks.
55:38
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55:40
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55:41
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56:01
Kaboom acts computer. Hey guys, I got three minutes
56:07
run through. All right, you already know.
56:09
This is the mean review. Tweet to the bullets memes are
56:11
the artillery. We are in an information War.
56:14
It's never been clear to me that this is true and this is the
56:17
facts of the matter and this is why there's so much psyops and
56:21
Fudd against Bitcoin. And this is why it is so
56:24
important that you continue to spread the memes.
56:27
Continue to get those calls of actions out there.
56:29
Continue doing sep. The idea of Bitcoin as Nico
56:33
said, and I love this saying, we are in the war for the hearts
56:36
and minds of the masses out there.
56:37
So figure out better ways to explain Bitcoin figure out,
56:41
better ways to get an emotional attachment to bitcoin and show
56:44
people why they hot. Oh, why we hot oil?
56:46
And what it's going to do for their lives.
56:49
Anyways, I had a bunch of memed. We've been off for a week.
56:52
I really like this one. The meme in itself is dunking on
56:57
this really bad mean by he's apparently they did this.
57:00
This Team here and it's like the difference.
57:02
It's some da teeth guy, and eat is a pattern after a Lego.
57:08
And BTC is patterned after a brick and this is supposedly a
57:13
dunk on bitcoin, but I really love what bit seeing says on
57:17
this and he does, this is a great analogy.
57:20
Bitcoin is a break simple but capable of building an entire
57:23
civilization. One layer at a time, etherium is
57:27
a Lego capable of stimulating, a child's imagination, But
57:30
ultimately You're just a toy. Absolutely got em.
57:34
Okay, chicken has kept me. Anyways, this next one.
57:37
Lot of Anna. She goes, this keeps me
57:40
motivated to stack SATs and we got this person.
57:43
And in the brain, there's only one.
57:45
Thought I owned x divided by 21 million of everything in the
57:50
entire universe, pure signal there.
57:52
This next one, shouts out to our friend.
57:53
Toxic apni goes. Here's how to kill Bitcoin.
57:56
Four steps to killing Bitcoin Tick, Tock next block, Go fuck
58:01
yourself. MPC crying.
58:04
I love it. This next one.
58:06
Lawrence Lepard. You know, when when Lawrence
58:08
memes you got to you got to check it out because you know
58:13
like I said all the time Bitcoin memes just give you pure signal
58:17
and sometimes you got to do that and convey that with pictures
58:22
and here we got a little girl, maybe it's a little boy, I don't
58:25
know. Blowing a bubble and it goes
58:26
housing, 2007. So the housing market in 2007.
58:30
Evan. And then we got little, we got a
58:32
mom and this, I'm guessing the same little girl playing with an
58:36
absolutely ginormous bubble and that is the sovereign debt
58:40
bubble of 2023. Big goof.
58:43
It looks like we are going into some crazy times for 2023.
58:47
Prepare yourself, take your Bitcoin in the self custody and
58:50
I thought this one's fitting, shouts out to all well and good.
58:53
It's a meme account. They don't really create Bitcoin
58:56
memes but it's still there on the mission of trying to spread
58:59
information and Got this very vicious-looking wiener dog and
59:04
it goes a trillion-dollar propaganda machine.
59:07
And then we got this crab, which is all you Bitcoin meemers out
59:10
there everyone that has put their, their, their skills into
59:13
the me more people. Putting funny words on picture.
59:16
Yes, the trillion-dollar propaganda machine gets wrecked
59:19
by funny, word on pictures. This is why memes are so
59:22
effective. This is why they accept the idea
59:25
of Bitcoin. This next one, shouts out to
59:26
Mohegan BTC and he goes, you're welcome.
59:30
If you're looking for Sign to buy more Bitcoin.
59:32
This is it continue to stack Bitcoin, continue to DCA into
59:36
Bitcoin. And on that note, this one's not
59:38
really a mean, but I had to add this one.
59:40
Just because maybe the bottom is in, maybe it's looking up for us
59:44
out here, because everyone knows that Jim Cramer is the ultimate
59:47
reverse indicator. And so he goes as I predict
59:50
another week year for crypto, I do Ponder.
59:52
How many people are still in Bob.
59:54
Now many millions of people and wow, and while I agree with him,
1:00:01
Crypto AKA shit coins. Will have a week year coming up,
1:00:05
but I am convinced that Bitcoin will hold up as well as ever
1:00:09
considering everything going on in the world and if we are
1:00:12
correct hopefully you know we're going into the having soon so it
1:00:16
should start to climb that wall of disillusionment that wall of
1:00:21
Despair. And this is why we tell you guys
1:00:23
to continue to stack them, sat continue to stay on the mission
1:00:29
and take Bitcoin into self. So you provide the value saving
1:00:32
sad. So of course, guys, drop your
1:00:34
mean review score in the chat while we cover.
1:00:36
The meme review scores. And I told you guys, I really
1:00:41
wanted one of these and I got one in the building.
1:00:45
I just unboxed it last night. I just got back home and I got
1:00:49
me the translucent Jay. Do you can't even see it
1:00:51
translates, literally translucent.
1:00:53
Jade. Let's see, let's see.
1:00:55
Can I take off the virtual background for you guys?
1:01:01
Look how pretty it is. It's so pretty.
1:01:03
Oh my goodness, I love this little thing.
1:01:06
I'm going to play with it and get it.
1:01:08
Figured out all the ins and outs in this translucent.
1:01:10
Jade Hardware signing device. All right, Tatum, what is your
1:01:14
mean review score? My name review score is why I
1:01:20
the move to proof of stake was good thing, sub $100 to you.
1:01:27
So that's my score today. Okay, let's see, let's see.
1:01:33
Let me see if I get some scores in here.
1:01:38
All right, first one extent most.
1:01:40
What's up bro? Happy New Year extent.
1:01:42
Most girls I give these memes the Genesis block.
1:01:44
Happy Bitcoin birthday. Let's go.
1:01:48
Okay. BTC pins, same same, score
1:01:53
Vishal, I give the memes the Genesis block.
1:01:55
Let's go. Happy birthday big coin.
1:01:58
This is why we do what we do. Let's see, Brandon next one.
1:02:01
He goes. I give those memes.
1:02:02
A 20 gigas at boating accident. Yes.
1:02:08
If you know you know well guys I hope you know, I hope here we
1:02:15
go. Here we go.
1:02:17
One more mean review score. Actually we maybe got few more.
1:02:21
We got as you deserve real money.
1:02:22
I give those years a happy New Year of wrecking shit coin.
1:02:26
That is the mean review score wrecking.
1:02:28
Shit coins, all year. Let's go.
1:02:31
All right, well I may be needed to call you guys on the meme
1:02:35
review score earlier but thank you guys.
1:02:38
We appreciate it now. Oh one more.
1:02:40
Oh you got it in hot oil coin, perfect.
1:02:42
Okay, hot a coin. Last one.
1:02:43
And I'm going to move on to the software release or actually
1:02:46
website by playboy Goes, I give those memes Chancellor on the
1:02:48
brink of bailout Happy. New Year's happy birthday
1:02:51
Bitcoin. Let's go, guys.
1:02:54
Love you guys. Love the meme review scores.
1:02:56
So let me, let me get this. Here we go.
1:02:58
All right into the web sites by plebs.
1:03:03
Websites brought to you by Cipher safe, don't be that
1:03:08
person that loses their Bitcoin seed.
1:03:10
Due to fire damage water damage dog.
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1:03:32
right guys, so for for the first websites by plebs, you know,
1:03:37
websites by bitcoiners, I saw this site, that metal Dale
1:03:40
showed this morning, simple to the point, and it's called we
1:03:45
run BTW si.com. And it just says good morning,
1:03:47
stay humble and stacks ads and he's just got a bunch of links
1:03:51
to different guides. You know using Moon wall.
1:03:53
Easily receiver spend Bitcoin on your phone and got a cold car to
1:03:56
guide to using cold card guide to running Bitcoin core open
1:04:00
dimes. It's got audios and everything
1:04:02
important from start to finish on getting started with Bitcoin
1:04:05
and then a list of more Bitcoin tools and resources and you can
1:04:09
donate and stay up to date on bitcoin news.
1:04:12
So shout out to we run BTW, c.com appreciate everything you
1:04:17
do out there mad or Del one of the legends of the game.
1:04:20
And, of course, shout-out to our sponsor represent.
1:04:25
You already know, I am wearing the, the trust, no one orange
1:04:30
All shirt. It is hot in my house right now
1:04:33
so I'm not wearing the hoodie but shouts out to represent I am
1:04:37
convinced I'm pretty sure we still have some simply Bitcoin
1:04:40
merchandise over there on the website so get it before it is
1:04:44
gone because one it is gone it is gone.
1:04:47
Anyways, check us out on all our audio podcasting.
1:04:52
It is on anchor. It is on Spotify.
1:04:54
Is on Apple. I'm pretty sure it's literally
1:04:56
on every podcast app right now, but we are a part of the valley
1:05:00
for Value economy, you can send a set on Fallon.
1:05:04
Give us some comments. I will be reading them on Friday
1:05:06
so that we can show you guys love, show you that fan love and
1:05:10
we just appreciate all the support man.
1:05:11
It really means the world to us and it's going to be a good
1:05:15
year. I'm excited for this year.
1:05:17
I think we're going to continue to give you guys that good
1:05:19
signal that you love from us and we'll keep you up to date in
1:05:23
this peaceful Mighty Revolution. And on that note, shouts out the
1:05:27
Tatum Tatum you know your audio was a little messed up but We
1:05:31
appreciate you coming out on the show, we appreciate what you're
1:05:33
doing, how about you show your channel and we'll close this one
1:05:37
out for today. Yeah.
1:05:40
Really sorry about that. But follow me on Twitter Tatum
1:05:43
tear it up and on YouTube also Tatum turn up.
1:05:47
That's hence the TT you but thanks for having me.
1:05:51
Maybe next time, I'll have a better better setup.
1:05:55
It happens, bro, it happens, you know, sometimes the internet's
1:05:58
buggy but can't stop this. Signal.
1:06:01
Go check out Tatum turn up on YouTube, he's killing it.
1:06:05
Absolutely hilarious. You guys saw a clip in the
1:06:07
beginning of the show, but anyways.
1:06:10
Shout out to all you guys out there we appreciate we love all
1:06:14
the support. We are humbled by all the
1:06:16
support and we you know we vow to do our best this year.
1:06:21
It's the beginning of the year it's going to be a long grueling
1:06:24
grueling year out there but we're going to show up every
1:06:27
single day and give you guys that Bitcoin content that you
1:06:30
love. So share the video like And
1:06:32
subscribe and not only our Bitcoin only content but all
1:06:35
Bitcoin only content continue to spread the love.
1:06:38
People need to understand. We Bitcoin why they should
1:06:42
Bighorn what the utility of Bitcoin is.
1:06:44
And this is something I will be reiterating over and over and
1:06:47
over like a broken record because people still don't know
1:06:50
why they Bitcoin people are are going out there and they think
1:06:53
they know Bitcoin. They think they know why the hot
1:06:55
oil but they still obviously don't know or else they would be
1:06:59
stacking them sat anyways. Salute to all you guys out there
1:07:04
happy Bitcoin Genesis block day, happy proof of keys day.
1:07:08
We will see you guys on the other side.
1:07:10
Join me. Me in Twitter spaces.
1:07:12
We're going to keep the show running until 2 p.m. eastern
1:07:14
time. Until on that note.
1:07:17
We'll see you tomorrow. Peace out, guys.