Latest / Simply Bitcoin / Argentina's Government Doubles Down On Bitcoin Mining | EP 986

Transcript

Argentina's Government Doubles Down On Bitcoin Mining | EP 986 · Simply Bitcoin

• 0:02
  It's. All going to zero against
• 0:04
  Bitcoin. It's going on forever.
• 0:15
  You're against Bitcoin. You're against freedom.
• 0:26
  Good morning, everybody. Welcome back to Simply Bitcoin,
• 0:31
  the number one live Bitcoin show on YouTube, Twitter, and Rumble.
• 0:35
  We are on Twitch, but we only get one person that hangs out
• 0:38
  with us on Twitch, so whatever. Whatever.
• 0:40
  Anyways, we cover breaking news, Culture, Eminematic Warfare, I'm
• 0:44
  Opti, I'm hosting today and I will be your guide through the
• 0:47
  separation of money and state. And as you can see from the
• 0:52
  title, we got some interesting news coming out of Argentina.
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  And I think it's very fitting considering we've got a lot of
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  talk about how bad Bitcoin mining is.
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  We've been in the press recently about how bad Bitcoin mining is.
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  It wastes electricity, we're going to boil the oceans, you
• 1:07
  know, bitcoins going to take up all the world's energy.
• 1:10
  And it's simply not true. I think if you've watched the
• 1:12
  show for a while, you know this is simply not true.
• 1:15
  Bitcoin is good for the environment.
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  It finds stranded energy, it minimizes carbon emissions, and
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  it strengthens electrical infrastructure, which few people
• 1:25
  really like to talk about. But that's what we do here.
• 1:28
  We like to counter their narratives.
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  Call them on their BS and as we know here as if you're a local,
• 1:36
  an OG watching simply Bitcoin. You know Bitcoin miners are
• 1:39
  incentivized to source undiscovered energy, stranded
• 1:42
  energy and of course cheap energy and energy that would
• 1:47
  just literally be wasted going into the environment.
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  And we have a new story today about this happening in
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  Argentina with a headline of GDA partners with YPF Lose to launch
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  a Bitcoin mining center in Argentina powered with
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  repurposed flared gas. And the interesting part about
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  this is YPF Lose is a majority state owned energy company in
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  Argentina. It's actually might be the
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  largest state owned energy company in Argentina.
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  So in this case, it looks like the state of Argentina is seeing
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  the writing on the wall. Bitcoin mining is good and not
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  only for the environment but for their pocketbook it is
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  profitable. Maybe they want to get into
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  Bitcoin and we'll see them most likely expand further into
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  Bitcoin mining at large. And we're kind of seeing at the
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  same vein that Argentina, for all its faults, is looking like
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  a nice place for Bitcoin businesses to move in there and
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  utilize the country. So don't listen to the
• 2:51
  naysayers, Don't listen to the fudders.
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  Don't listen to the green pieces of the world telling you Bitcoin
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  is bad because of its energy usage.
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  They're simply wrong at best, or intentionally lying at worst.
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  But we know they don't care about the facts.
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  We know they only care about their narrative.
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  They only want to scare people away from Bitcoin mining and
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  Bitcoin in general. So when you really look at the
• 3:15
  data, Bitcoin mining is actually helping the world's that are not
• 3:18
  directly visible to many people. And that's OK And we know
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  there's a knee jerk reaction in regards to Bitcoin's energy use.
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  We know there's a narrative against using energy in general.
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  They want to bring us back into the stone ages.
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  But as Bitcoiners, we understand energy use is good because when
• 3:36
  you look at the data, you look at the innovation, you even look
• 3:39
  at the profits, you see a completely different story.
• 3:42
  Competition and energy is good. This is good for planet Earth.
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  This is good for every single one of us.
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  This is good for the cost of your energy.
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  So hopefully we see more countries follow suit.
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  But in the meantime, we're going to be talking about Argentina.
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  And this also leads to something that I've been saying for a
• 4:00
  while on the show that once Bitcoin is tied to the price of
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  energy, when more energy producers realize that they need
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  to price oil and natural gas and coal etcetera to Bitcoin, that's
• 4:12
  when Bitcoin will become and solidify itself as the de facto
• 4:17
  money of the world. And of course with that comes
• 4:20
  number go up. So if Bitcoin can knock the
• 4:22
  Petro dollar as the way to price energy, man, the game theory
• 4:27
  really starts to play out and we'll really start to see
• 4:31
  interesting things happen in the Bitcoin space.
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  And of course, also this ties into a very, very tiring
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  conversation about proof of work or proof of stake and all this
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  stuff. But this is the importance of
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  proof of work. Work must be done, Energy must
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  be spent to create. This is what hard money means.
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  This is literally a law of physics.
• 4:57
  The harder it is to produce that money, the better the money is.
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  It's it's economic law, if if you will.
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  And so we're seeing it's happening block by block.
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  The world is being repriced in Bitcoin and you just love to see
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  it. And again in Argentina with
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  Malay, for all his faults, for all the faults in Argentina,
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  it's seemingly becoming a good place for bitcoiners.
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  Of course, they're angling everything towards, you know,
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  the dollarization of Argentina. There's been a lot of rumors
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  that that I'm personally not a big fan of, but I think it's
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  still a little early to see whether Malay can accomplish
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  something great in Argentina. Will he be able to follow what
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  Buchelle has done in El Salvador?
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  We'll see. It does seem like he's made some
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  early missteps and only time will tell.
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  So on that note, Bitcoin is maturing and it's incredible to
• 5:47
  watch and we're on the front lines and we'll keep covering
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  this. This is I think one of the most
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  important things going on in Bitcoin is when energy gets
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  completely tied to Bitcoin. Once energy is repriced in
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  Bitcoin, this is when the game really starts to take hold,
• 6:06
  especially here in America. If you understand anything about
• 6:09
  the dollar Fiat system, you know that most energy is tied to the
• 6:13
  dollar in the Petro dollar system.
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  So hey, we're seeing BRICS nations move away from the
• 6:18
  dollar, we're seeing countries move away from treasuries, and
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  now we're starting to see that more energy producers are going
• 6:27
  to attach their energy production to Bitcoin.
• 6:29
  So things are heating up. I think 2024 is going to be not
• 6:33
  only an interesting year in regards to the Bitcoin price,
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  but in regards to the Bitcoin ecosystem at large.
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  And hey man, we're on the front lines.
• 6:42
  Absolutely love it. It feels so good being a
• 6:45
  bitcoiner. We're just out here winning
• 6:47
  constantly. And all the naysayers, all the
• 6:50
  floodsters out there, they can continue to say what they want,
• 6:53
  but the proof is in the pudding. Bitcoin is good and you can't
• 6:57
  stop it. So man love to see it.
• 6:59
  Of course I'm not alone here. Today we got Chris Alamo off the
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  bench today he is sorry. Let me get your official title
• 7:08
  here. I wrote it down.
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  Programming manager at SWAN. Also loosely affiliated with us
• 7:14
  here at Simply Bitcoin. He was working at Bitcoin mag.
• 7:16
  This guys just everywhere. So Chris and also low key a
• 7:21
  Bitcoin think boy in his own right.
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  So Chris, thanks to have you here Oh also might be one of the
• 7:27
  best producers in Bitcoin, might be one of the best producers in
• 7:30
  the game. I don't know.
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  I gotta stay humble. Hot Opti.
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  I'm not the best producer in the game.
• 7:34
  Not. Not.
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  The most humblest. No, thanks for having me, Opti.
• 7:38
  What's up, Bitcoiners? How's it going?
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  Let's go, let's go. All right, guys.
• 7:42
  Well you guys know who's Co hosting with us, but we brought
• 7:45
  back a guest that you guys absolutely loved a few weeks
• 7:48
  ago. He's got a special surprise for
• 7:50
  us in the in the game as well. So on that note I got SAT AKA
• 7:55
  lightning goats with us again today and he did bring a little
• 8:01
  a little secret project. It's not officially.
• 8:04
  We haven't figured out all the kinks yet so we'll drop that in
• 8:08
  the culture. But set.
• 8:09
  How you doing today? We will feed some goats guys
• 8:11
  they were they were calling for the goats ever since you came
• 8:14
  on. And there there's constant goat
• 8:16
  memes now in our chat. So set.
• 8:19
  Thanks for coming back. How you doing this morning?
• 8:22
  I'm doing good. Thanks for having me on guys.
• 8:24
  I I look forward to the show. Let's go, let's go.
• 8:29
  Well, hopefully we can over feed the goats again today.
• 8:32
  I'm sure, I'm sure they got way too much food that day when we
• 8:35
  brought them, when we brought you on the show.
• 8:38
  So we got that again. We'll do the live, the the live
• 8:41
  stream of the goats. But we got a little surprise for
• 8:43
  you guys in the culture as well. I think you guys are going to
• 8:46
  like it again. I haven't figured out all the
• 8:49
  kinks yet. I was trying to do it before the
• 8:50
  show. So you guys will see it live and
• 8:53
  and I'll make sure it looks good for us moving forward.
• 8:55
  But on that note, no, you guys will get there.
• 8:58
  Let's get into the numbers guys. We got a lot of oh wait,
• 9:00
  actually, sorry, not just the numbers.
• 9:02
  I got to plug our boys at the Bitcoin.
• 9:05
  Well, by real Bitcoin guys, this is bitcoinwell.com.
• 9:10
  They just officially released their product to the US.
• 9:14
  They're in all 50 States and it's a Bitcoin only exchange.
• 9:17
  Guys. Self custody by default.
• 9:19
  No VC money, no withdrawal fees. They cover the withdrawal fees
• 9:23
  and they really want your feedback.
• 9:25
  And that's the reason we absolutely love Bitcoin.
• 9:28
  Wow. They align with the simply
• 9:30
  Bitcoin thesis of taking your Bitcoin into custody, but they
• 9:33
  want your feedback. Hit Adam and his DMS, tag them
• 9:37
  on the timeline, bug them all you want, use the platform, and
• 9:41
  tell them what you want to be done on the platform.
• 9:45
  They're shipping new features every two weeks, and we want to
• 9:48
  make this the best self custody by default platform, period.
• 9:53
  And it's going to happen. We're doing it slowly but
• 9:56
  surely. So go to bitcoinwell.com/simply
• 9:58
  Bitcoin, Sign up today, and get on the mission to stacking
• 10:02
  Bitcoin. All right, guys, let's get into
• 10:05
  the show. Bitcoin numbers.
• 10:09
  Is your Bitcoin and cold storage really secure?
• 10:12
  Is your seed phrase really secure?
• 10:14
  Stamp seeds? Do it yourself.
• 10:16
  Kit has everything you need to hammer your seed words into
• 10:20
  commercial grade titanium plates instead of just writing them on
• 10:24
  paper. Don't store your generational
• 10:27
  wealth on paper. Papers prone to water damage,
• 10:30
  fire damage. You want to put your
• 10:32
  generational wealth on one of the strongest metals on planet
• 10:35
  earth, Titanium. Your words are actually stamped
• 10:38
  into this metal plate with this hammer and these letter stamps.
• 10:42
  And once your words are in, they aren't going anywhere.
• 10:44
  No risk of the plate breaking apart and pieces falling
• 10:48
  everywhere. Titanium stamp seeds will
• 10:50
  survive nearly triple the heat produced by a house fire.
• 10:53
  They're also crush proof, waterproof, non corrosive, and
• 10:56
  time proof. All things that paper is not
• 10:59
  allowing you to huddle your Bitcoin with Peace of Mind.
• 11:01
  For the long haul. Stamp your seed on stamp, seed
• 11:05
  you guys scan the QR code. Do not leave your seed phrase on
• 11:11
  a piece of paper in your sock drawer.
• 11:12
  Stamp it into titanium. And again, guys, I'm laughing at
• 11:15
  at the chat. You, you, you guys are already
• 11:17
  going hard. Absolutely love it.
• 11:19
  OK, All right. We're over here on Clark Moody's
• 11:21
  dashboard. You guys already know.
• 11:23
  If you don't know Clark Moody's dashboard, go to
• 11:24
  bitcoin.clarkmoody.com/dashboard and you can get all real time
• 11:30
  time chain metrics of the Bitcoin time chain or blockchain
• 11:33
  if you're new. Anyways, my favorite number is
• 11:35
  the block height TikTok next block.
• 11:37
  It's almost like Bitcoin is working exactly as designed and
• 11:40
  we are currently at a block height of 842,576 and oof.
• 11:46
  Look at the Bitcoin price at 62,320 guys.
• 11:49
  It's sell over. Pack it up.
• 11:50
  It was a good run. We're going to zero.
• 11:52
  It's it's over guys. Man, we we had a good run.
• 11:56
  You know I'm just trolling guys. Currently the stats per dollar,
• 11:59
  AKA what your dollar is worth in Bitcoin or Sats.
• 12:02
  How much Bitcoin you can buy for a single dollar is currently at
• 12:05
  1605 Sats or 160 bits for the bits.
• 12:09
  Maxis in the pat in the back. We haven't had the bits Sats
• 12:12
  debate for a minute so I got to pull that one out of the out of
• 12:16
  the woodworks. Anyways the total percentage of
• 12:18
  Bitcoin that will ever be issued is currently at 93.78%.
• 12:22
  I repeat, the total percentage of all 21 million Bitcoin that
• 12:27
  will ever be released is currently at 93.78%.
• 12:30
  The last, I forget what we're at.
• 12:32
  It's like the last 1.4 million will be released in the next 100
• 12:37
  years. So you know, Bitcoin is becoming
• 12:39
  the scarcest money ever in real time.
• 12:42
  Anyways. The market cap of Bitcoin in
• 12:44
  dollar terms is at $1.23 trillion.
• 12:47
  The realized monetary inflation is at 1.69%.
• 12:50
  The Bitcoin versus gold market cap is at 7.8%.
• 12:54
  We're not even at 10% of the gold market cap.
• 12:56
  So I think we're going to make some huge leaps in that number
• 13:00
  this year. And the total public lightning
• 13:02
  capacity is currently at 4618.78 BTC and the hash rate the last
• 13:08
  90 days is at 598.2 EXA hashes. And the pending fees currently
• 13:14
  at least to the mempool that Clark Moody's connected to, is
• 13:17
  8.01 BTCS. So we're seeing the fees are
• 13:20
  starting to come down. We're seeing it start to at
• 13:23
  least get a little more normalized here.
• 13:26
  So once the fees come down, guys, make sure you're not
• 13:30
  sleeping out there, open your lightning channels, consolidate
• 13:33
  your UTXOS, get your good UTXO hygiene.
• 13:38
  All right guys, so on the theme of today, since we're talking
• 13:42
  about Bitcoin mining in Argentina, I thought it'd be
• 13:45
  very fitting to bring up this video that we posted on our
• 13:49
  Twitter at Simply Bitcoin TV. And it's this guy in 2013
• 13:53
  mining, Bitcoin, mining one Bitcoin a day on his computer.
• 13:58
  And I really wanted to bring this today and I'm going to show
• 14:02
  you the hash rate numbers afterwards so you guys can try
• 14:05
  to visualize just how powerful the Bitcoin network is.
• 14:08
  We talked about it this week. You know, Sailor did his clip at
• 14:11
  the Bitcoin for Corporation about Bitcoin being the biggest
• 14:15
  supercomputer in the world. And no nation state, no single
• 14:18
  corporation can stop what's going on on the Bitcoin network.
• 14:22
  And I just kind of wanted to show the humble beginnings of
• 14:25
  Bitcoin mining. If you're new to the space,
• 14:28
  maybe you're not fully aware that you could have literally
• 14:31
  connected your computer, get a GPU mining rig going, and you
• 14:36
  could have made one Bitcoin a day.
• 14:38
  Back in the day. We all wish we could have just
• 14:41
  mined one Bitcoin a day off an $800 computer.
• 14:44
  Today, obviously, no one knew where the Bitcoin price was
• 14:47
  going, but you just love to see the the this.
• 14:51
  Oh Jesus, it's out here that that put in the time and
• 14:55
  understood this before us, but let's watch this video, It's
• 14:58
  actually pretty good. It's pretty short.
• 14:59
  And then we'll go over some of the hash rate numbers that we
• 15:02
  currently see today. Eric Elliott, I'm an Internet
• 15:06
  developer. I am a Bitcoin miner.
• 15:11
  Bitcoin is a decentralized cryptocurrency, basically a
• 15:15
  virtual form of money. Bitcoin is controlled by
• 15:20
  software algorithm in order to control the amount of bitcoins
• 15:23
  that are released into the economy.
• 15:26
  The algorithm determines that there's only so many that are
• 15:29
  mined during certain period of time.
• 15:32
  Currently, that is 25 bitcoins are found about every 10 minutes
• 15:37
  or so. Those people that are mining
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  contribute to the overall, I guess, computing power of the
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  network. You're only going to get
• 15:44
  rewarded, in essence, whatever percentage of that power your
• 15:48
  computers are putting out. So those are the graphics cards
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  right there. Those are what are doing all the
• 15:52
  work. Most miners are probably earning
• 15:54
  fractions of bitcoins. Standard computer that you
• 15:57
  basically see any gamer having. I've started mining in 2011, so
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  I invested about $800 to build this computer.
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  At the time when I put it online, I was probably mining,
• 16:07
  you know, one Bitcoin a day, something like that.
• 16:10
  In essence, all you're doing is downloading software and running
• 16:13
  software that's running 24/7 that are accepting these
• 16:16
  mathematical problems, solving the mathematical problems, and
• 16:18
  sending results back up to, you know, to a server.
• 16:22
  Well, First things first, it's very interesting how far or
• 16:27
  rather how far back the mainstream media has gone in
• 16:30
  regards to Bitcoin. You know, this is on CNN Money.
• 16:33
  I'm pretty sure now if we talk about Bitcoin on CNN, they're
• 16:36
  going to be just absolutely not talking good about Bitcoin, not
• 16:40
  actually spreading good information.
• 16:42
  But with all that being said, this guy was using the GPUs that
• 16:47
  you used to play video games to mine Bitcoin.
• 16:50
  He was mining one Bitcoin a day in 2013.
• 16:53
  I don't know Chris, maybe you could Fact Check us right right
• 16:56
  now what was one Bitcoin in 2013?
• 16:58
  While I go over some of the hash rate numbers here, but I really
• 17:01
  like this comment before I show you how far the hash rate has
• 17:05
  come since 2013. I like this comment by UTXL
• 17:08
  because the important part is not knowing exactly when Bitcoin
• 17:11
  is going to Infinity, but understanding that is in fact
• 17:14
  inevitably going to Infinity at some point.
• 17:17
  And he said the next few years. But we'll we'll say, we'll say
• 17:20
  in the in the next few decades anyways, absolute, Chad, you
• 17:24
  know, imagine being in 2013 and mining Bitcoin on your computer
• 17:28
  that you play video games with and getting one Bitcoin a day
• 17:31
  and then huddling that Bitcoin to this point.
• 17:33
  Man, we could all only wish that we could have done this.
• 17:37
  Of course, there's no point in looking backward.
• 17:40
  There's no point in in beating yourself up about being late to
• 17:43
  Bitcoin, but you have the best time to stack Bitcoin now today
• 17:48
  Anyways, I wanted to show you how far the hash rate has come
• 17:52
  since 2013, and as I think it was, Rave Elevator in the chat
• 17:56
  said this was before a six were even made, which is what's
• 18:00
  what's applied. Hashing.
• 18:02
  Specific integrated circuits, which literally basically means
• 18:06
  the TLDR. It's just a computer that all it does does one
• 18:10
  specific thing and that is mine, Bitcoin.
• 18:12
  It just spits out big numbers and hopefully finds a needle in
• 18:16
  a haystack. Anyways, let's look at this hash
• 18:18
  rate chart here. I'm over at bitinfocharts.com.
• 18:22
  A great website though guys don't mind all the shit coinery
• 18:24
  on the website, but there's a lot of good data here that some
• 18:27
  other websites don't have. I was going to pull up mempool
• 18:29
  dot space but it didn't go far. It didn't go back enough far
• 18:32
  enough, so I'm over here on bit info charts.
• 18:35
  And again, I don't know exactly when this video was aired, so
• 18:40
  I'm gonna give you kind of a range of what the hash rate was
• 18:43
  in 2013. So we got here in January, here
• 18:49
  we'll go January 1st. The Bitcoin hash rate was at
• 18:53
  24.33 Tera hash and by the end of the year we were at roughly
• 19:01
  we'll go 10 PETA hash and Chris will do more of the analytics
• 19:06
  here. But of what Tera hash versus
• 19:09
  PETA hash is, I'm sure Chris knows this stuff 'cause he's got
• 19:12
  that autistic gene in him where he can correct me and Fact Check
• 19:16
  me on stuff. But anyways, where is the hash
• 19:19
  rate today? And you can see the chart like
• 19:21
  it was minimal here, like you can't even see where it was up
• 19:25
  until 2017 or 2018. And then it started to run.
• 19:28
  And you can see that the last kind of numbers we today we said
• 19:32
  it was roughly around 600 XA hashes.
• 19:35
  The highest number we got so far, at least on this chart, is
• 19:38
  around. I think it was 720.
• 19:41
  Yeah, 727 XA hashes, which just means the Bitcoin network has
• 19:45
  absolutely got nuclear. It's the strongest supercomputer
• 19:50
  in the world. And let's see.
• 19:52
  OK, Chris. So Chris in the chat says the
• 19:54
  2013 price of one Bitcoin was 201 dollars.
• 19:59
  Obviously, we don't know the. Exact date, I actually have the
• 20:02
  range. So from 2013, if you're buying
• 20:05
  in January 1, it was around $19.00 per per Bitcoin.
• 20:10
  And then towards the September, October time frame is when the
• 20:13
  bull market really began or the peak of the bull market was just
• 20:16
  over $1000. So somewhere between $20 and
• 20:19
  $1000 was 2013 basically. Incredible.
• 20:24
  So even at the time, the Bitcoin miners out there were investing
• 20:28
  more infrastructure to, you know, to receive Bitcoin.
• 20:33
  What you spent $800, it's going to take you, I don't know, a
• 20:37
  couple of months to recoup those those investments.
• 20:41
  You're getting anywhere from what, $21 to $200 in Bitcoin a
• 20:46
  day. So still an investment in
• 20:50
  Bitcoin mining infrastructure, but at the time, you could mine
• 20:53
  Bitcoin off a computer. Now you have to buy an ASIC, You
• 20:56
  have to buy a specific machine, a specific extra strong computer
• 21:00
  to mine Bitcoin. And as we're going to see in the
• 21:02
  news, it's not just individuals, it's not just corporations.
• 21:06
  Now we're seeing that nation states are getting into the
• 21:09
  game. We saw Bhutan talk about mining
• 21:11
  Bitcoin. We saw, you know, Paraguay right
• 21:14
  now is kind of in the midst of fighting Bitcoin mining.
• 21:18
  We've seen Ecuador. We know Venezuela was getting
• 21:20
  into the Bitcoin mining game. So the game theory of Bitcoin
• 21:24
  mining is taking on at new levels, and really the TLDR is
• 21:29
  just Bitcoin is maturing. Yeah, and look, XX50X in one
• 21:34
  year. Just just love to see it.
• 21:35
  Love to see it. All right.
• 21:36
  Chris, what's your thoughts on all this?
• 21:38
  I mean, I think it's crazy when you're looking at the hash rate
• 21:41
  charts, OPTI, if you want to actually pull that up right now,
• 21:43
  the hash rate charts again from bit info charts.
• 21:46
  I got you. So January 1, like around the
• 21:51
  beginning of January of 20/13/21 Tera hashes.
• 21:55
  I mean an S9 runs at about 14 to 15 Tera hashes.
• 21:59
  So at the time of the network, 1 1/2 S nines would be more
• 22:03
  computing power and that would all that would be required to
• 22:06
  basically 51% attack the network.
• 22:08
  Towards the tail end of the year they're getting, I saw like
• 22:11
  about 10 PETA hashes. So I think a PETA hash, if
• 22:14
  you're thinking of S nineteens, that's I know there's the S 20
• 22:17
  ones and there's the new machines from what's minor.
• 22:19
  But you if you think of an S19 is about 100 Tera hashes per
• 22:23
  second, a PETA hash is 1000 Tera hashes.
• 22:25
  So that's 10 machines. So ten of those would be about
• 22:28
  100 S 19. So you can see the growth of the
• 22:30
  network just from like 1 1/2 S nineteens at in the beginning of
• 22:34
  the year to about the equivalent of 100 S nineteens.
• 22:38
  I know that the network and obviously the growth of the
• 22:42
  price. I know there's a quote that Max
• 22:45
  Kaiser always says that price always follows hash rate.
• 22:50
  And I know we've kind of seen in the the years past like normally
• 22:53
  Tarrant, like the hash rate starts going up and then
• 22:55
  eventually you know the bull market comes or the having comes
• 22:58
  and then 6 to 18 months after that the price normally spikes
• 23:01
  up to it. We either hit a blow off top or
• 23:03
  I know 20/21 or 20/20/21 was kind of a weird year with China
• 23:07
  banning hash rate. So we kind of went down and I
• 23:09
  know Nikko always brings up that if China didn't ban hash rate we
• 23:13
  probably would have seen higher prices in USD terms.
• 23:15
  But yeah, I think, I think it's kind of just it's the the state
• 23:19
  of the network and it's crazy how far we've come and you know,
• 23:21
  over a decade at this point. Yeah, and I I know I'm, I'm
• 23:26
  blanking on who it is. But someone in the chat always,
• 23:29
  always trolls us. That says, and I I'm, I'm
• 23:32
  missing. I'm forgetting what the next
• 23:34
  move after EXA hashes. But he's like we're we're going
• 23:37
  to 1000 EXA hashes. What?
• 23:39
  What's the next one? Is that a hash I?
• 23:41
  Think it's Zeta hash? Yeah, we're going to one Zeta
• 23:44
  hash in 2024. We'll see if that happens.
• 23:46
  We, I think I did see Marshall Long this morning say who's like
• 23:49
  an OG Bitcoin miner saying that the hash rate has kind of we
• 23:55
  probably topped out for a little bit until the end of the year.
• 23:58
  So it's going to be very interesting to see how much hash
• 24:01
  rate can actually go on the network.
• 24:03
  Anyways, Sat, what's your thoughts on this?
• 24:06
  It's kind of crazy in 2013, winter 2013 and 2014.
• 24:11
  That's when I got orange peeled and in 2014 that's when I began
• 24:18
  mining with a small ASIC about like this big.
• 24:22
  You could buy them on eBay. They would just fit right into
• 24:25
  the back of your computer. And I I mined through slush pool
• 24:33
  and by today's standards I got non trivial amounts right.
• 24:38
  I think the withdrawal limit from the pool at that time was
• 24:41
  like 1/10 of a Bitcoin. So once you got up to 1/10 of a
• 24:44
  Bitcoin, you could withdraw out wild stuff.
• 24:49
  I was thinking everybody who's just coming into Bitcoin today,
• 24:54
  you guys are all so lucky. The reason is, is that you don't
• 24:59
  have all these regrets about all the bad decisions that you made
• 25:04
  about Bitcoin in the past. Like, I first heard about it in
• 25:09
  2011 and I considered mining with a lab of 60 computers
• 25:13
  because I was an IT guy, but I never did.
• 25:18
  And so you end up with all these regrets.
• 25:20
  Every time you hear a story like this, it brings up all the
• 25:23
  regrets. So you, the new people today.
• 25:27
  Welcome to the network, and may your regrets be really minimal.
• 25:33
  Yeah, totally. I I I completely agree with
• 25:36
  that. Sat like I think it's the best
• 25:39
  time to buy Bitcoin. Obviously we all wish we were
• 25:41
  buying Bitcoin at like a dollar or a penny or $100, a $1000.
• 25:47
  You know, when I got into Bitcoin at $10,000, like I
• 25:50
  thought I was late to Bitcoin and I was still like, man, I
• 25:52
  wish I could have bought some at $1000.
• 25:54
  But the time that it took from 2017 to now, not only have I
• 26:00
  made every mistake in Bitcoin, but I've wrecked myself and now
• 26:05
  I had to do most of that stuff alone like that.
• 26:07
  We didn't have the Bitcoin only education platforms that we have
• 26:11
  now. We didn't have the Bitcoin only
• 26:13
  signal out there. You had to pretty much wreck
• 26:16
  yourself. You had to have go through the
• 26:18
  trial and tribulations. You had to pay your fee of
• 26:21
  tuition to actually make it to this point.
• 26:23
  And now there's so much good education out there that you can
• 26:27
  avoid most of the headaches If you kind of just listen to what
• 26:31
  we tell you every single day. It's like look, buy Bitcoin or
• 26:34
  work for Bitcoin or mine Bitcoin doesn't matter if you buy it on
• 26:38
  a on an exchange or if you buy KYC free.
• 26:42
  What matters is you take Bitcoin into cold storage, make sure you
• 26:46
  are taking that Bitcoin into a hardware wallet, make sure
• 26:49
  you're securing your seed phrase on something more than paper and
• 26:53
  then just keep stacking. That's the only thing you have
• 26:55
  to do. Avoid shit coins, just continue
• 26:58
  to stack in Bitcoin. And now we have this whole army
• 27:01
  of bitcoiners out there that are all on the mission, that are all
• 27:04
  fervent bitcoiners that will help you keep your head in the
• 27:07
  game so you understand exactly what you're doing here.
• 27:10
  And looking back, people are going to look at us and be like,
• 27:13
  man, I wish I was buying Bitcoin at 60 K Anyways, jump in SAT.
• 27:17
  You know, keep studying as well. It's an ongoing process.
• 27:21
  You never actually understand Bitcoin.
• 27:23
  You just kind of get revealed new truths about Bitcoin or the
• 27:27
  story of Bitcoin. It's it's really very amazing.
• 27:32
  I've been since first exposure till now.
• 27:36
  What is this like 12 years or something?
• 27:39
  And every day I I learned something new about this thing
• 27:44
  that is Bitcoin. That just really amazes me.
• 27:47
  And like Opti was saying, man, back in the day, you were a lone
• 27:52
  weirdo when you got into this stuff.
• 27:55
  And every mistake that you could make, you did make, you know, I
• 27:59
  don't know, 1 Bitcoiner out there, no matter how famous they
• 28:04
  are, who didn't make all these mistakes?
• 28:07
  I mean, take Michael Saylor. You know, he used to fucking
• 28:10
  totally rag on Bitcoin back in the day, right?
• 28:13
  And now he's like Bitcoin Messiah.
• 28:18
  Yeah. So just keep studying.
• 28:20
  There's always more to learn. And thank Satoshi for the echo
• 28:25
  chamber. I love the echo chamber.
• 28:30
  Love it. Yeah, man, the the echo chamber
• 28:33
  is strong. Sometimes you gotta break out of
• 28:35
  the echo chamber. But the echo chamber is strong.
• 28:38
  Absolutely. Love it.
• 28:39
  All right, guys, before we move on to today's news story, I do
• 28:42
  want to plug our boys Anders Pleb party in Nashville.
• 28:47
  We are taking over a rustic old automobile warehouse for the
• 28:52
  Pleb Party in Nashville July 25th.
• 28:54
  It's going to be 12 hours. I repeat, 12 hours of partying,
• 28:58
  open bar, all you can eat, food. If you're going to Bitcoin
• 29:03
  Nashville and you get there the day before the conference, make
• 29:07
  sure you get yourself a ticket because everyone's going to be
• 29:09
  there. All your boys are going to be
• 29:10
  there. Everyone who's anyone's going to
• 29:12
  be there just having fun. You can see some confirmed
• 29:14
  guests as Lawrence Lapar, James Lavish Preston Pish, Robert
• 29:17
  Breedlove, Natalie Burnell, Mark Moss, the whole Simply Bitcoin
• 29:20
  team. We got the BTC Prague team and
• 29:22
  of course Tatum turn up and Pub Lord and Anders will be there
• 29:26
  guys, and I can confirm that Andres knows how to throw a good
• 29:31
  party. So you definitely want to be
• 29:33
  there and hang out with everyone that this is the way.
• 29:36
  All right, guys, let's get in to the news for today.
• 29:43
  The Daily News. I want to give a shout out to
• 29:47
  our sponsor, Foundation Devices. It's self custody done right.
• 29:51
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• 29:55
  right here in the US. It's fully open source and
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  craft premium grade materials. If you're thinking about getting
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  your Bitcoin off exchange, this is the one for you.
• 30:37
  Check out the passport link in the show notes below to learn
• 30:40
  more. Guys, I I keep forgetting to
• 30:44
  make Nikko redo the ad. Don't think about taking your
• 30:47
  Bitcoin off exchanges. It's literally the most
• 30:50
  important step of buying Bitcoin is taking your Bitcoin off an
• 30:53
  exchange. And I absolutely love the
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  passport by foundation connected with Envoy.
• 30:58
  It's super easy. You you guys will love it too if
• 31:00
  you haven't used it. It's literally grandma friendly,
• 31:02
  and it's actually rather it's Opti friendly.
• 31:04
  If if it's Opti friendly, then you know it's a good Harvard
• 31:07
  wallet. All right, guys, so let's get
• 31:09
  into the news story. As we as you can tell from the
• 31:13
  title, Argentina is doubling down on their Bitcoin mining.
• 31:18
  So we got this great article from our boy Javier Bastardo.
• 31:22
  He wrote an article for Forbes and so I used that as a jump off
• 31:27
  point and I got to the actual press release here and I'm over
• 31:31
  on genesisdigitalassets.com AKAGDA and it goes.
• 31:35
  GDA partners with YPF lose to launch a Bitcoin mining center
• 31:39
  in Argentina powered with repurposed flared gas.
• 31:43
  And I'm I'm not going to read the whole thing, but there's
• 31:45
  some really good insights into here.
• 31:47
  And I think we talk about this all the time, but it's never
• 31:52
  enough to just continue to spread the information on
• 31:56
  Bitcoin. Sometimes when it comes from
• 31:58
  certain sources, you're like, oh, OK, that makes sense.
• 32:00
  It's not just Youtubers or random Bitcoin cult members that
• 32:03
  are trying to spread narratives about Bitcoin.
• 32:06
  When someone has a financial incentive to mine Bitcoin and
• 32:11
  talk about Bitcoin not only helping the environment, but
• 32:14
  helping out their company at large, you should be listening.
• 32:17
  So again, let's get into this article a little bit and I
• 32:21
  highlighted the parts that I want to touch on.
• 32:22
  So Genesis Digital Assets Limited, AKA GDA has announced
• 32:26
  the opening of a new data center in Argentina powered by YPF,
• 32:29
  Lu's leading company in electric power generation.
• 32:33
  First things first, it's interesting that they're using
• 32:36
  the the Meme new data center instead of Bitcoin mining
• 32:39
  operation. I think that's just, you know
• 32:42
  just an easier way to get the information out there.
• 32:45
  And we've seen this happen a lot that if you start to talk about
• 32:50
  data centers, it doesn't have that like icky oh bad framing of
• 32:55
  Bitcoin mining because like what are they going to do, shut down
• 32:58
  Amazon's data centers or Google's data centers?
• 33:02
  It's like, OK, they're like, yeah, we need data centers.
• 33:04
  This is great. Anyways, the company's first
• 33:07
  facility in South America is located in Rincon de la Sauces
• 33:11
  in the Nekking. I don't know how to say that the
• 33:14
  Nekwin province and has a total capacity of seven megawatts and
• 33:18
  one megawatts of backup. The Baja, that storal thermal
• 33:21
  power plant composed of YPF, Equinor and YPF lose willpower
• 33:25
  1200 Bitcoin mining machines and efficiently monetize stranded
• 33:30
  gas. I repeat, officially monetize
• 33:34
  stranded gas which would otherwise be flared into the
• 33:37
  atmosphere. Literally, it would just go into
• 33:39
  the environment. And This is why we love bringing
• 33:42
  examples like this is because Greenpeace out there or you
• 33:45
  know, even your favorite politician or bureaucrat out
• 33:49
  that your favorite talking head out there would say like, oh,
• 33:51
  Bitcoin mining is ruining the environment when it's literally
• 33:55
  reducing carbon emissions. But let's not play the ESG games
• 33:59
  here. Let's just get to the facts.
• 34:02
  With an abundance of energy, a favorable political climate and
• 34:05
  a strong crypto ethos, Argentina is becoming increasingly
• 34:09
  important for Bitcoin mining and the broader industry.
• 34:11
  For this data center, GDA will use the electricity generated
• 34:14
  from stranded gas provided by YPF, Lose, an electric power
• 34:19
  generation company that has been leading the energy transition
• 34:21
  since 2013. So and then this next article,
• 34:24
  it kind of goes into a little bit of data.
• 34:26
  It is a little kind of ESG frame guys.
• 34:28
  So you know, forgive them, but they're playing the corporate
• 34:31
  game. You can't really blame them.
• 34:33
  So methane gas adversely impacts the environment as it is
• 34:37
  responsible for approximately 1/3 of the warming the world has
• 34:41
  experiences. As stated in an MIT working
• 34:44
  paper, Bitcoin mining could potentially reduce between 25%
• 34:48
  and 63% of carbon dioxide equivalent CO2 E emissions by
• 34:53
  repurposing methane gas. And then this is kind of I think
• 34:57
  the chunk and and the meat of this press release is some of
• 35:01
  these quotes here. So we have Abdul Malik, Marek
• 35:06
  Medov, sorry bro, Executive President of G Diego.
• 35:10
  We believe that Argentina is an important country for Bitcoin
• 35:13
  mining given its abundance of energy resources and business
• 35:16
  friendly environment. The opening of our first data
• 35:19
  center in South America is an important step in our geographic
• 35:22
  diversification efforts and this will be yet another opportunity
• 35:26
  to show the world that Bitcoin mining can have a a positive
• 35:29
  effect on the environment and can be fully integrated in local
• 35:32
  communities. With GDA utilizing the stranded
• 35:35
  gas, YPF and ECUINOR can offset its related costs and contribute
• 35:39
  to positive environmental changes which ultimately could
• 35:43
  result in lower oil prices in the region.
• 35:45
  And GDA in turn will access energy sources that are both
• 35:48
  competitively priced and reduced as global carbon emissions.
• 35:52
  In 2022, we were the first Argentine company to generate
• 35:56
  electrical energy for cryptocurrency from Flare Flare
• 36:00
  Gas, an innovative solution in line with YP FS energy
• 36:03
  transition needs, said Martin Mondarano, CEO of YPF Lose.
• 36:08
  This project with GDA allows us to bring YPF and Equinor, two
• 36:12
  companies committed to reducing the carbon footprint of their
• 36:15
  exploration activities in adaptable and sustainable flare
• 36:18
  gas use solution. And there is a good couple
• 36:22
  quotes on the Forbes article by Javier, so I do want to mention
• 36:26
  those. We got here Executive President
• 36:29
  again, I I'm, I don't want to butcher your name again, but
• 36:33
  Abdul Malik and it goes. Although we've been considering
• 36:36
  expanding to Argentina for years, the political and pro
• 36:39
  innovation climate the country has fostered for crypto and
• 36:41
  Bitcoin specifically has never been strong, stronger than
• 36:44
  today. There's also a large percentage
• 36:46
  of the population in Argentina that already uses crypto
• 36:49
  currencies and stable coins ahead against high inflation.
• 36:52
  The bottom line is that crypto is a solution to these problems
• 36:56
  and we're seeing that fact recognized by countries
• 36:59
  throughout Central and South America.
• 37:02
  And then this great great point by Javier goes, the new facility
• 37:06
  showcases 2 important elements of Bitcoin mining's potential.
• 37:10
  On the one hand, it helps mitigate the direct impact of
• 37:13
  stranded gas on the environment. However, other mitigation
• 37:16
  techniques don't include the 2nd element, using these wasted
• 37:19
  resources to make some valuable return, in this case through
• 37:23
  BTC, which I absolutely love because guys, we're capitalists
• 37:27
  here and nothing gets done if there's no incentive for money.
• 37:30
  So hey, if we get to help the environment and also win on all
• 37:35
  fronts, But again, those footsters and green pieces of
• 37:39
  the world will never say this. They're just saying like, oh,
• 37:42
  it's using up too much energy and it's going to use up all the
• 37:46
  energy of the world. And it's stealing energy from
• 37:48
  needy people in Argentina, when in reality it's using energy
• 37:52
  that wouldn't be used at all. It would literally go up into
• 37:54
  the environment and harm the ecosystem at large.
• 37:57
  But hey, no one cares about the facts anyways.
• 38:00
  I do want to touch on a few points here.
• 38:03
  Of course you guys can troll me about going to Wikipedia, but
• 38:05
  hey it it's a good sentence here.
• 38:07
  And then this is just to double down on the idea that this isn't
• 38:11
  just a private corporation that is looking to make some profits.
• 38:16
  They are a as you can see vertically integrated majority
• 38:20
  state owned Argentine energy company engage in oil and gas
• 38:24
  exploration and production and the transportation, refining and
• 38:27
  marketing of gas and petroleum products.
• 38:29
  And our Twitter team doubled down and dug into the the facts
• 38:34
  here and it's Argentina's largest state owned electricity
• 38:37
  producer that has now partnered with Genesis Digital Assets.
• 38:44
  To mine Bitcoin with. Flared gas, you absolutely love
• 38:48
  it. And so I went to their website
• 38:49
  and looked at you know how much energy are they producing and
• 38:52
  how much electricity are they producing.
• 38:54
  And you can see here I highlighted.
• 38:55
  So I don't know when this was last updated, but you can see
• 38:59
  from the website that YPF lose themselves generate 9% of
• 39:05
  Argentines electrical energy. So this isn't just a small off
• 39:10
  the grid energy producer that is now you know, thinking about
• 39:14
  making sure that the profits are good, that they're minimizing
• 39:17
  their carbon emissions. This is one of the largest state
• 39:21
  owned energy companies in Argentina that is doubling down
• 39:26
  on mining Bitcoin. Obviously they're looking at it
• 39:29
  in the idea of, hey, we got to reduce carbon emissions and this
• 39:34
  is good for our company, this is good for the environment.
• 39:36
  But also, hey, the double profit or the the double win of
• 39:41
  profiting off their flared gas that literally would go off into
• 39:45
  the environment, be wasted money and now they get to stack
• 39:48
  Bitcoin. So it's gonna be interesting to
• 39:50
  see what their Bitcoin strategy is moving forward and who else
• 39:54
  follows Sue. Whether we see other countries
• 39:57
  in Latin America follow Sue and use, you know, excess energy,
• 40:01
  stranded energy, maybe undiscovered energy, and start
• 40:04
  to use Bitcoin miners or a six to mine Bitcoin.
• 40:08
  And the game theory is playing out and anyone with cheap
• 40:11
  energy, anyone with stranded energy, anyone with undiscovered
• 40:15
  energy, you're going to see that Bitcoin miners are gonna go
• 40:19
  there because they're incentivized to find the
• 40:21
  cheapest energy so that they can increase their profits in
• 40:24
  Bitcoin. And I also kind of wanted to
• 40:27
  connect this with something I saw on Twitter.
• 40:29
  Obviously I don't think this has anything to correlate with this
• 40:32
  news here that we saw coming out of Argentina or YPF Lose and
• 40:36
  GDA. But I find it very interesting
• 40:40
  that this week also what May 6th, I think this is Monday we
• 40:44
  have Elon Musk meeting with Javier Malay and he goes, I
• 40:47
  recommend investing in Argentina though this is kind of like a
• 40:50
  trope. It's kind of a vague tweet here.
• 40:53
  Investing in Argentina. Like, what's that even really
• 40:55
  mean? I think people are seeing the
• 40:58
  writing on the wall that, hey, it looks like Argentina might be
• 41:02
  doing some things that will potentially lead their country
• 41:07
  into the and we'll see what's happening again.
• 41:11
  I recently have been a little skeptical of what Malay is
• 41:15
  doing. We we have seen him do a few
• 41:17
  missteps, but I think this might be a way of correcting those
• 41:22
  missteps and maybe following suit.
• 41:26
  Salvador, we'll see what's going on moving forward.
• 41:29
  We know that Argentina it is in conversation with the IMF.
• 41:33
  We know they're not necessarily just being pro Bitcoin like
• 41:36
  Buchelle is, and they're kind of leaning more towards dollarizing
• 41:39
  Argentina. And also this morning I saw
• 41:42
  another tweet, or rather it was yesterday, sorry yesterday, that
• 41:46
  Argentina print a $10,000 peso note.
• 41:49
  So there, I don't know man. A lot of crazy stuff going on in
• 41:54
  Argentina. Obviously out there is starting
• 41:58
  to feel the pain of inflation and we're seeing that they are
• 42:03
  doing some things to try to combat that and help their
• 42:06
  citizens. But I think moving forward, like
• 42:09
  I keep saying, once energy production is is tied to
• 42:13
  Bitcoin, that's when the game really goes into OverDrive and
• 42:18
  Bitcoin solidifies itself as the money of the world win Petro sat
• 42:23
  world I am, I'm waiting for the Petro sat.
• 42:26
  I don't think we're there yet. You everyone knows that the
• 42:28
  Petro dollar rules the world and this is where we are right now.
• 42:32
  So very interesting stuff coming out of Argentina.
• 42:35
  But on that note, let's go into Chris because Chris will give us
• 42:37
  a little a little more sober analytical takes on everything.
• 42:42
  So Chris, what's your thoughts on this?
• 42:44
  I mean, I I think it's good. Obviously we talk about using
• 42:47
  energy is good, as you said in the beginning episode.
• 42:49
  Like using more energy helps humans, helps human flourishing,
• 42:52
  helps civilizations, and expand and grow.
• 42:55
  You know, I hate when people bastardize the use of energy
• 42:58
  use. It's never a good thing.
• 43:00
  As for them using methane instead of CO2, obviously that's
• 43:04
  good. Methane emits anywhere the the
• 43:06
  numbers are kind of fuzzy, but anywhere from 40% or 40 times,
• 43:10
  my apologies, 40 times to 70 times more harmful to the
• 43:13
  environment than CO2. Actually, CO2 is, contrary to
• 43:16
  popular belief, relatively good for the environment.
• 43:18
  Obviously plants use CO2 to, as part of their photosynthesis
• 43:22
  process, they expel O2 oxygen for us to breathe in.
• 43:26
  We dispel CO2 and there's kind of a vicious cycle.
• 43:28
  So methane is more harmful, the environment 40 to 70 times
• 43:31
  depending on the research, I think.
• 43:33
  And and then I'll kind of comment on the Elon of it all.
• 43:36
  It's kind of funny that he's saying like invest in Argentina.
• 43:38
  I'm thinking like, you know OPTI in you and I's lifetime,
• 43:42
  Argentina has had hyperinflation I think five times in their
• 43:45
  histories, which is like over the last 30 years or so.
• 43:47
  So imagine like Elon's like yo invest in Argentina buy their
• 43:51
  government bonds only for you to get dunked on.
• 43:53
  Obviously that is a joke, not financial advice.
• 43:55
  Don't buy Argentinian. Get debt.
• 43:57
  Buy SATS instead. Stack SAT.
• 43:59
  Stay humble. Yeah.
• 44:01
  So I I think overall it's a good thing.
• 44:03
  I think they're trying to compete in the freest and
• 44:05
  openest market in the world. And yeah, Bitcoin mining is,
• 44:09
  it's a difficult game. It is literally like pure, pure
• 44:13
  competition. It's probably the purest form of
• 44:14
  competition aside from energy markets themselves.
• 44:17
  So obviously they have a large energy provider trying to
• 44:20
  provide energy for not just their country, but trying to
• 44:22
  make them more robust, more resilient and compete on the
• 44:25
  free and open market that is Bitcoin.
• 44:27
  So I'll just leave it at that. If there's anything else.
• 44:29
  Yeah, I mean. I just, I do wanna add, I did
• 44:31
  talk with my boy Alex over at Kaboom Racks.
• 44:35
  And to your point of Bitcoin mining being probably one of the
• 44:39
  most competitive industries in the world, we're seeing that
• 44:43
  there is like there's gonna be a lot of pain in the Bitcoin
• 44:47
  mining markets coming up and we're seeing those the the
• 44:50
  initial pain hitting those miners, the companies, the solo
• 44:54
  miners. It's man, it's gonna get very
• 44:57
  interesting. And I just, hey, I think you hit
• 45:00
  the nail on the head, Chris, but jump in again.
• 45:03
  Yeah, so I know Stephen. Barber, obviously the owner and
• 45:06
  and founder of Upstream Data, was kind of saying he he's a
• 45:10
  long time Bitcoin miner. He basically posted a chart on
• 45:12
  Twitter, I think either this morning or yesterday basically
• 45:15
  saying that there's going to be a lot of pain in the Bitcoin
• 45:18
  industry. Obviously we had right after the
• 45:19
  halving a lot of the runes, ordinals, inscriptions, all of
• 45:22
  that like fees were skyrocketing up.
• 45:24
  So it actually made sense, even if you had old machines to plug
• 45:27
  them in right after the halving, cause a lot of the fees.
• 45:30
  I mean, the block of the halving, I think there was 37
• 45:33
  Bitcoin in rewards compared to the 3.125 subsidy that was, you
• 45:38
  know, just cut in half from 6.25 S right after that, the fees
• 45:41
  were skyrocketing. It was a good time to mine, even
• 45:43
  if you had old machines, even just for a week or two.
• 45:46
  But now that things have settled down and they're not going as
• 45:48
  crazy, he's saying there's going to be a lot of pain in the
• 45:51
  industry in terms of people having to plug or unplug old
• 45:54
  machines. I mean as of right now we have
• 45:57
  about 19 hours to our difficulty readjustment, but we're going to
• 46:00
  be going down in hacker in difficulty about 6%.
• 46:04
  So that's you know a pretty substantial drop in hash rate,
• 46:06
  that's hash rate coming off the network obviously not being
• 46:09
  competitive and not being able to basically cover their costs
• 46:12
  or for whatever reason they're unplugging the machines because
• 46:14
  it's less profitable. So yeah, I do think there's
• 46:16
  going to be a lot of pain. I I do think that we're going to
• 46:19
  equalize. Some Bitcoin miners are probably
• 46:20
  going to have to sell Bitcoin to cover their mining costs.
• 46:23
  And then you know, if Bitcoin does what it historically does,
• 46:25
  6 to 18 months from now, we're going to see a new bull market.
• 46:28
  You know the price, the USD denominated price in Bitcoin
• 46:31
  will skyrocket up again. And obviously people plug in old
• 46:34
  machines or older machines to try and capture as the Fiat
• 46:37
  price goes up and their hash price is more economically
• 46:41
  feasible. And then the cycle begins again.
• 46:44
  A new bull market is among us. But I I.
• 46:49
  Think for For those out there watching what what Chris just
• 46:54
  said, like what is the actionable advice for you guys
• 46:57
  out there. First off, if the price goes
• 47:00
  down a little bit because we're seeing some minor selling
• 47:03
  pressure, don't get freaked out, don't get shaken out of your
• 47:06
  position, just keep stacking. Maybe right now is the time to
• 47:10
  build up your dry powder so that when you do see a good dip,
• 47:13
  you're able to take good opportunity, you're able to, you
• 47:16
  know stack as many sets as possible.
• 47:19
  But we're seeing, you know the the classic trope of sell in
• 47:22
  Maine go away until later. We're kind of seeing that play
• 47:25
  out right now. So we'll see what happens this
• 47:27
  summer. We might be crabbing a little
• 47:29
  bit during the summer time, but that's just another opportunity
• 47:32
  for you guys to stack as many stats as possible.
• 47:34
  So none of this has any real effect.
• 47:36
  I think like detrimental fact to the Bitcoin network at large.
• 47:40
  This is just Bitcoin mining economics playing out in real
• 47:43
  time. The Bitcoin mining ecosystem is
• 47:46
  very healthy and it's it's it's very efficient at wedding out
• 47:50
  unefficient miners and This is why Bitcoin mining is so
• 47:53
  competitive. Anyways, let's bring in SAP,
• 47:56
  SAP, what's your thoughts on this news coming out of
• 47:58
  Argentina? You know Bitcoin is.
• 48:01
  Unstoppable. The incentives are such that
• 48:04
  everybody ends up joining. It's kind of amazing, you know,
• 48:11
  I think. It's a good thing.
• 48:12
  That these efficiencies are being gained.
• 48:16
  I'm a a big fan of efficiency and so it's awesome to see
• 48:20
  people doing things like using flare gas or monetizing flare
• 48:25
  gas and all the benefits that arise from that.
• 48:29
  You know, I've heard of pig farmers in Mexico that capture
• 48:34
  methane at their hog farms, use that to run generators and use
• 48:39
  that to mine Bitcoin. It's another great efficiency
• 48:42
  gain, but the long and short of the of the idea is that
• 48:47
  eventually all people, all organizations of all types,
• 48:52
  whether they're governmental or corporate or what have you all,
• 48:56
  will join the Bitcoin network. All things will be structured
• 49:00
  around Bitcoin because it is the, you know, the the unmovable
• 49:06
  truth. So welcome aboard Argentina.
• 49:10
  Let's go. Love it sat love it actually
• 49:12
  just kind of you know riffing a little bit off what you said
• 49:15
  about just the the crazy creative ways that we see
• 49:19
  Bitcoin miners getting energy. I've seen them literally turning
• 49:23
  manure into energy so that they can mine Bitcoin.
• 49:27
  I've seen them burn tires that they can turn into energy and
• 49:31
  mine Bitcoin. And this morning I saw I think
• 49:33
  it was coming out of Bitcoin news Twitter they someone had
• 49:37
  plugged in an ASIC into the back of a the cyber truck and was
• 49:41
  using the electricity from the cyber truck to mine.
• 49:44
  I think it was like a AS 19 or something like that.
• 49:47
  I don't remember what the a CIG was, but yeah, Bitcoin miners
• 49:50
  are very creative in finding cheap energy or renewable energy
• 49:55
  or stranded energy. And so again, we do our best to
• 50:00
  try to combat the BS narratives and and sometimes you got to
• 50:03
  just put the facts out there and of course no one really cares
• 50:06
  about the facts on mainstream media.
• 50:07
  But for you guys watching, it's very important for you to
• 50:11
  remember that Bitcoin mining doesn't waste energy.
• 50:14
  The Bitcoin network doesn't waste energy.
• 50:16
  It's actually, in all reality the most efficient use of
• 50:21
  energy. I can't think of a better use of
• 50:22
  energy than securing the most debasement, proof, censorship
• 50:28
  resistant money in the world. This is why we do what we do is
• 50:32
  so that no one can steal from us through inflation and no one can
• 50:36
  easily print more money. This is this is the key here.
• 50:40
  Anyways, let's get into the culture.
• 50:42
  But before I do that, I do wanna plug our boys over at the Orange
• 50:46
  Pill. Out guys, find local bit corners
• 50:49
  near you find a vent and merchants near you.
• 50:51
  Jump on the Orange Pill app today.
• 50:53
  Go to orangepillapp.com. This is not a Tinder for
• 50:56
  bitcoiners. This is more of a networking
• 50:58
  app, guys. It's the best way to meet
• 51:01
  bitcoiners. If you're traveling and you're
• 51:03
  wondering if there's bitcoiners in the area, jump on the app,
• 51:06
  See who's around you. If you're the lone psycho
• 51:09
  bitcoiner in your community, jump on that.
• 51:11
  Maybe there's more bitcoiners around you that you didn't know.
• 51:13
  Of course, you guys can always be concerned about your opsec,
• 51:17
  but for some of us that are a little more upfront about our
• 51:20
  love of Bitcoin, this is the best place to meet bitcoiners to
• 51:24
  interact with. Bitcoiners, I actually found my
• 51:26
  local meet up through this app and now I think it's tomorrow,
• 51:30
  I'll be there tomorrow and we do have a simply Bitcoin group chat
• 51:34
  in there. I'm I'm really not the most
• 51:37
  active in there, but I tried to be active.
• 51:39
  I tried to respond to everyone that DMS me really appreciate
• 51:43
  all the love. So go to orange, pull up or scan
• 51:45
  the QR code right there and get on the Orange pap and we will
• 51:49
  see you on the other side. All right, guys, let's get into
• 51:52
  the culture. The Daily Culture Kaboom.
• 52:03
  Rack. All right.
• 52:06
  We've been talking about mining. All day and go to
• 52:09
  kaboomracks.com. It's the best place to buy, sell
• 52:12
  and host your Bitcoin. A six.
• 52:15
  They got a white glove service. Get in touch with my boy Alex.
• 52:19
  He won't answer all your questions and right now they
• 52:22
  really want to talk about their hosting right now.
• 52:27
  So they have a a new offer, a special offer on their bit main
• 52:33
  S19K PROS 20 hosting plans. Let me pull this up for you guys
• 52:40
  and you guys can literally, right when you get your payment
• 52:45
  to go through, it's on board. They're already connected.
• 52:49
  If you've been thinking about getting into mining, if you
• 52:51
  wanna get some KYC free Sats, if you want to, you know, chip in
• 52:55
  on adding to the hash rate. If you think it's a good
• 52:57
  opportunity right now. If you think that these Bitcoin
• 53:00
  mining companies are gonna get wrecked and maybe you can fill
• 53:02
  in a little bit, go over to Kaboom racks and get yourself an
• 53:07
  S19K Pro 120 Tera Hash hosting. It's already online.
• 53:12
  There will be no downtime. So if you've been thinking about
• 53:15
  it, if you don't have the facilities, you know you don't
• 53:17
  have the electricity facility set up.
• 53:22
  Go to Kaboom racks and get yourself a hosting rig today.
• 53:27
  OK, so first and foremost, let's start with the goats, 'cause I
• 53:32
  know you guys like the goats. And then we will talk about the
• 53:36
  next thing that SAT has for us. So here, let me play this live.
• 53:41
  You guys can see this or it is oh, it is live.
• 53:43
  They're just not moving. OK, It's live, guys.
• 53:46
  All right, So SAT, for those people that don't know what
• 53:50
  they're looking at, what is what are we looking at right here?
• 53:53
  What is going on here? You're looking at the lightning.
• 53:57
  Goats. The guy that you see sitting out
• 53:59
  by the tires is Dexter. To the left of him in the shed
• 54:06
  is Rowan. They're the first two of the
• 54:08
  Lightning Goats. Who's the Lightning Goat?
• 54:10
  Founders. Rowan's the CEO.
• 54:15
  Dexter's just kind of like the muscle.
• 54:17
  He's the the founder of the group.
• 54:18
  You know, he's actually there. We.
• 54:22
  Go. All right.
• 54:25
  Oh, it's. I just sent some Sats.
• 54:27
  Let's see him get some action here.
• 54:30
  All right, all right. We'll.
• 54:31
  We'll do some more. We'll do some more so you can
• 54:33
  see we're feeding the Sats live. What?
• 54:37
  What's the minimum on here? So maybe I'll just do this.
• 54:40
  What we got here, the minimum is.
• 54:43
  Whatever $1.00's worth of Sats is.
• 54:46
  Or actually 120. OK, yeah, let's do this.
• 54:51
  We'll send a dollar, you know, So I actually.
• 54:54
  Started this whole project as part of the like an orange
• 54:58
  peeling idea. I mean it was one of the ideas
• 55:01
  that I had with it. Put a founding idea of the whole
• 55:04
  thing was to create a stream on YouTube that exposes people who
• 55:13
  don't know about Bitcoin to Bitcoin in a very friendly way.
• 55:17
  You know to do something that grandma's would come across and
• 55:21
  all that kind of stuff. Of course, you know the
• 55:26
  Lightning Goats is very successful with among
• 55:28
  bitcoiners, but there's also a bunch of non Bitcoin followers
• 55:33
  on YouTube, various nature stream streaming aggregators and
• 55:38
  all that kind of stuff. So every time, every day, when
• 55:42
  people feed the goats, they're also doing a little bit to
• 55:46
  propagandize people and expose them to Bitcoin and the
• 55:50
  Lightning Network. Let's go oh.
• 55:58
  Man, oh this is too funny. It's too funny.
• 56:03
  OK, sorry, someone's saying page link feed goats with sets set.
• 56:07
  Do you have a website or guys just go to Lightning Goats on
• 56:10
  YouTube and you can see the live stream.
• 56:12
  But do you have a website that people can go to and and see
• 56:15
  this project and maybe Orange Peel their friends with?
• 56:19
  Yeah, there's. Lightninggoats.com so it's
• 56:23
  lightninghyphengoats.com without the WWW.
• 56:28
  It may or may not work for you. I haven't.
• 56:31
  I actually spent a bunch of time on the web page.
• 56:33
  The web page is just an embed of the video that you can see on
• 56:38
  YouTube eventually. What I'd like to do is I'd like
• 56:42
  to utilize restreamer to do a ZAP stream at the same time.
• 56:48
  But right now I can't really justify the $16.00 a month.
• 56:51
  I live on an orange standard. I have everything in Bitcoin, so
• 56:56
  if I spend dollars it means that I sold Bitcoin and I don't want
• 57:00
  to sell my Bitcoin. So yeah.
• 57:05
  Look at the terrorists profiting from Bitcoin.
• 57:07
  The goats are terrorists. Yeah, it applies in.
• 57:12
  The face of the whole idea that Bitcoin is used by terrorists
• 57:16
  and stuff, I mean, what could be more wholesome than a goat
• 57:19
  feeder? I mean, come on guys, 100%.
• 57:23
  Sal, we got a question here from Loco.
• 57:25
  He goes, did you open source your project?
• 57:27
  Yeah, if you search. For lightning goats on GitHub or
• 57:32
  SANTYR, that's my GitHub username.
• 57:37
  A lot of the code is there. It's made from three things.
• 57:41
  It's made using a lightning node and it lane bits installed and
• 57:46
  an open have installed, all connected by a wire guard
• 57:50
  connection. So that way I can pick sats from
• 57:55
  out on the Internet and make them trigger the feud.
• 58:00
  Yeah, I'm a big fan of the Allen bits.
• 58:01
  Project by Ben Ark. So that's really cool that you
• 58:03
  integrated all of those pieces. Let's know.
• 58:12
  I don't know why it's so satisfying.
• 58:16
  It's so satisfying. It's really cool to see.
• 58:20
  You know, something abstract is a Bitcoin transaction.
• 58:23
  You know, you send something over your phone, you kind of get
• 58:25
  this feedback in cyberspace. Yeah, you see something happen
• 58:31
  in the real world. We're also working on AL4O2
• 58:35
  invoicing in conjunction with cameras switching.
• 58:38
  And what it's going to allow people to do is it'll be a
• 58:41
  second QR code up in the upper left hand corner there.
• 58:46
  You'll scan that with your phone.
• 58:48
  You'll be presented with an invoice.
• 58:51
  When you pay the invoice, it'll allow you to switch cameras on
• 58:55
  in the yard, so you could get different DS on camera.
• 58:57
  That'd be cool. It's a good.
• 58:58
  Set off camera. That'd be awesome.
• 59:02
  All right. Well, on that note, you know,
• 59:05
  they asked if you open sourced it, What else are you working
• 59:08
  on? Let me pull this up guys.
• 59:10
  This is not it's not the completed final project because
• 59:14
  I I couldn't get it to fully work on the stream but I did get
• 59:19
  or rather SAT did create the Opti Taco feeder.
• 59:23
  So if you scan the QR code we can get some Sats here.
• 59:28
  And I I did put one on here but the bottom one doesn't work as
• 59:31
  well as the top one. Scan the top one or actually
• 59:33
  just scan it scan the code and you can see some funny stuff and
• 59:37
  there is a little Easter egg here and I'll do the Easter egg
• 59:40
  one. So you if you scan this guys
• 59:43
  we'll get some Sats. You guys have been asking for
• 59:46
  Lane QR code that you can send us some Sats on.
• 59:50
  For some reason I can't fully get it to work how we'd like to
• 59:53
  on restream but I did figure out a way to get it on here.
• 59:58
  We'll see if we keep it. It's not fully done yet I I need
• 1:00:01
  to work out some of the kinks with SAT but for now there is an
• 1:00:05
  Opti Taco feeder and it's something Nico just memed.
• 1:00:09
  So look, I'll I'll send Sats to myself and you guys can see some
• 1:00:14
  of this stuff. Let's.
• 1:00:22
  Go. OK, Do you guys see that?
• 1:00:24
  You guys catch that on the stream.
• 1:00:26
  A little Taco pops up. OK, now look at this one.
• 1:00:30
  Look at this one. Shout out to SAT for the Easter
• 1:00:36
  eggs in this. You guys are going to love this
• 1:00:38
  one. Oh man, for the.
• 1:00:49
  For the audio listeners out there, if you send, you know
• 1:00:52
  this, whatever 100 sets, a little Taco pops up when you
• 1:00:55
  send the QR code. Actually, any sets you send any
• 1:00:58
  sets to the QR code, a little Taco pops up.
• 1:01:01
  But if you send 666 sets, Christine Lagarde pops up with
• 1:01:06
  flames around here. So, absolutely incredible.
• 1:01:09
  So set Where can people find this product or this on GitHub?
• 1:01:16
  What? What?
• 1:01:17
  What's going on here? What's the back end like on
• 1:01:19
  this? This is.
• 1:01:21
  Also a a simple Ellen bits project.
• 1:01:26
  What it does is you take an Ellen URL, make it into AQR code
• 1:01:32
  of course, and you have a web page that runs a websocket
• 1:01:37
  listener. The websocket listener listens
• 1:01:40
  for payments and as they come in, interacts with various other
• 1:01:46
  code that will display a Taco or Christy Lagarde or other things
• 1:01:53
  you know you you can. They can be programmed however
• 1:01:56
  you'd like. We can add a a web hook to it.
• 1:02:02
  What I'm envisioning in the future is a Taco rotisserie that
• 1:02:05
  sits right next to your desk. When a payment comes in for 1000
• 1:02:10
  stats or more, the rotisserie will rotate and give you a Taco.
• 1:02:16
  It'll do it'll like. Dispense cilantro and onions and
• 1:02:19
  and beef into a tortilla. Oh man, that'd be great.
• 1:02:24
  Taco you. Know.
• 1:02:26
  Amazing. I don't know if I can.
• 1:02:29
  I condone this because I know they're going to try to get me
• 1:02:31
  fat and I'm trying to avoid getting fat.
• 1:02:33
  But I do love tacos. I am a huge fan of tacos, so I
• 1:02:37
  do kind of endorse this message. OK, Seth, what's the last thing
• 1:02:41
  you want to leave with the audience before we wrap today's
• 1:02:44
  show up? Same thing as last time.
• 1:02:48
  You know, broaden your time horizons.
• 1:02:49
  Think long term, especially if you're new to Bitcoin.
• 1:02:53
  Don't look at day-to-day or month to month price action or
• 1:02:57
  anything like that. Look five years into the future,
• 1:03:00
  always, and you'll reach a state of calmness.
• 1:03:05
  And the other thing is just study.
• 1:03:08
  Keep, keep learning more about this.
• 1:03:12
  Totally agree as. As.
• 1:03:14
  Me and my friends usually say study Bitcoin enough until you
• 1:03:18
  reach Bitcoin Zen and the price movements don't affect you and
• 1:03:22
  nothing effects you because you realize, hey man, Bitcoin is the
• 1:03:26
  best money in the world. Why would I freak out about it
• 1:03:29
  being priced in Fiat? But it does take some time.
• 1:03:32
  But I do believe that now is the best time.
• 1:03:35
  It's the most de risk time to be in Bitcoin and men like little
• 1:03:40
  projects like what you're doing SAT it's just it's amazing.
• 1:03:43
  And I I think you kind of hit it the nail on the head when you
• 1:03:46
  said when you see projects like lightning goats and then you
• 1:03:50
  compare that with what like Elizabeth Warren saying about
• 1:03:53
  Bitcoin or any of the powers that be say about Bitcoin,
• 1:03:55
  you're just like guys. It's just digital money.
• 1:03:58
  It's Internet money, and there is something satisfying about
• 1:04:03
  scanning the live feed in real time and seeing the food get
• 1:04:08
  delivered to the goats. And it like simple things like
• 1:04:12
  these, like this project, really kind of open people's minds to
• 1:04:16
  the power of what Bitcoin can be.
• 1:04:19
  And in time we'll be seeing, you know, Chris, what did you call
• 1:04:22
  it before the show? It wasn't Opti's Taco Feeder.
• 1:04:25
  It was Opti's E Girl optis. Bidis bidis optis.
• 1:04:31
  You know these? Seem kind of funny, but things
• 1:04:38
  like this are how we win. We win by adopting, by everybody
• 1:04:44
  adopting and disregarding what people like Elizabeth Warren
• 1:04:49
  have to say about things. Elizabeth Warren is a dinosaur,
• 1:04:53
  man, and she's circling the drain just in a few years, which
• 1:04:58
  is going down, man. The whole system is changing
• 1:05:04
  rapidly. We have artificial intelligence,
• 1:05:06
  We have the looming singularity. We have Hyper Picclinization.
• 1:05:10
  We have all the things that used to make me so excited 20 years
• 1:05:14
  ago, they're all coming in in into being.
• 1:05:17
  It's awesome, man. Keep optimistic about
• 1:05:21
  everything. You know when you see them
• 1:05:24
  attacking, as you guys say, it just means you're over the
• 1:05:28
  target. The reason that all of this
• 1:05:31
  weirdness is happening with the government and all this kind of
• 1:05:34
  stuff is because they realize that their time is almost done.
• 1:05:40
  They're they're in a panic. They don't know what to do.
• 1:05:42
  The dollar is dying. Keep stacking.
• 1:05:47
  Let's go. Can agree.
• 1:05:48
  More set can agree more. All right, well set for everyone
• 1:05:52
  out there. And the audio listeners, Where
• 1:05:55
  do you want to lead people? Where, where can they find you?
• 1:05:58
  I know you're not on Twitter, so do you know you're at Noster X
• 1:06:01
  pub? If you'd.
• 1:06:05
  Like me to read it for you? I got it.
• 1:06:07
  Do you have a nib? Five identifier you can.
• 1:06:13
  Go on to Noster. I don't do any of the other
• 1:06:17
  social medias. When I dropped out of the
• 1:06:20
  workforce, I deleted my LinkedIn.
• 1:06:22
  A couple years went by and I was like, screw Facebook.
• 1:06:26
  I don't want to be manipulated by Mark Zuckerberg and his board
• 1:06:30
  army, you know, all that kind of stuff.
• 1:06:33
  I tried out Twitter and then it was just too difficult to to get
• 1:06:39
  engagement with the people that I wanted to engage with there,
• 1:06:42
  right? Think about it guys.
• 1:06:45
  You two probably get, I don't know how many DMS a day on
• 1:06:49
  Twitter. It's hard to filter out and find
• 1:06:51
  the people. So if you're a new guy on
• 1:06:53
  Twitter, you just can't talk to any Bitcoin O GS.
• 1:06:58
  If you go to Noster, however, you can talk with Bitcoin O GS.
• 1:07:02
  I mean, freaking Edward Snowden follows the goats.
• 1:07:05
  Literally, guys. I mean, so yeah, you can find me
• 1:07:12
  on Noster. You can also e-mail me at SAT at
• 1:07:18
  Reacher. Reacher dot ME.
• 1:07:23
  It'll cost you $0.10 to send me an e-mail, but it's a good way
• 1:07:28
  to filter out all the weirdos or the bots.
• 1:07:32
  So if you really need to contact me if you want me to consult on
• 1:07:36
  things, I can consult for you. I work for the Bitcoin network.
• 1:07:40
  I don't work for Saps. Everything I do is for the
• 1:07:43
  network itself, so I don't charge anything.
• 1:07:48
  I'm happy to talk with you, Lovett SAT.
• 1:07:52
  Well, really? Appreciate you coming back on,
• 1:07:54
  really appreciate the Opti Taco feeder.
• 1:07:56
  Hopefully I can figure out the kink so that we can get the, you
• 1:07:59
  know, the thing to pop up on the restream live stream.
• 1:08:02
  But for now, maybe I'll just keep it as AQR code for here and
• 1:08:05
  you guys can see it on the bottom right now.
• 1:08:07
  But Sat, thanks for coming on, bro.
• 1:08:09
  Let me pull you to the side for a moment.
• 1:08:11
  Hang out for a second. Chris, the one and only Chris
• 1:08:15
  Alamo, thanks for coming in. Thanks for Co hosting.
• 1:08:18
  But I'm going to give you the same question I give usually our
• 1:08:20
  guests. Technically you're a guest
• 1:08:23
  today. What's the last two stats you
• 1:08:24
  want to leave with the audience? Oh man.
• 1:08:27
  I mean, there's so many. Stay humble Stack Sats I think
• 1:08:30
  we're in the then they fight you stage Obviously we've seen a lot
• 1:08:32
  of stuff with Phoenix and Wasabi pulling out of the US Obviously
• 1:08:37
  the Samurai developers Keon and William Hill getting arrested.
• 1:08:42
  Keon actually was already arraigned and pled not guilty so
• 1:08:45
  he's going to fight the good fight it definitely.
• 1:08:48
  I wouldn't say it's the coward waves out.
• 1:08:49
  I because I can't imagine him sitting looking at 30 to 40
• 1:08:53
  years in life in prison. You know if he doesn't win this.
• 1:08:56
  But I'm sure that there was a plea deal on the the books to
• 1:08:59
  say, hey, just admit to these crimes.
• 1:09:01
  We'll give you 7 to 8 years in prison or or less.
• 1:09:05
  And with him saying, pleading not guilty and fighting this
• 1:09:08
  case, not only are we going to get a case law out of it, you
• 1:09:12
  know, there's obviously room for people to interpret it with,
• 1:09:15
  interpret, interpretate what the law is and what the DOJ is
• 1:09:19
  trying to push. Keep fighting the good fight.
• 1:09:21
  And I think I'll leave you off on.
• 1:09:22
  Yes, stay humble. Stacks hats.
• 1:09:24
  Love it, Chris. Well, really appreciate it guys.
• 1:09:26
  And of course go check out what Chris is working on.
• 1:09:30
  He is head wait, no, sorry, programming manager at Swan low
• 1:09:36
  key maybe maybe we'll see it today And Jacob could yell at
• 1:09:39
  me, best producer in the game besides me.
• 1:09:41
  But hey, you know, I'm the most humble, so I'll.
• 1:09:43
  I'll pass the baton over to Chris anyways.
• 1:09:46
  Guys, we had another show. Nico couldn't make it today.
• 1:09:49
  I should have probably said this in the beginning.
• 1:09:51
  He's doing a very special appearance.
• 1:09:52
  You guys will probably hear about it soon.
• 1:09:55
  I am pretty sure we do have an IRL tonight.
• 1:09:57
  So come back to YouTube at 5:00 PM Eastern Time.
• 1:10:01
  We're gonna have an IRL. Nico will be here later today.
• 1:10:04
  And of course, like, share, subscribe, all that good stuff.
• 1:10:07
  The mission is spreading Bitcoin signal to everyone.
• 1:10:11
  Everyone must know that there is a better solution, That the
• 1:10:16
  mining FUD is just that it's FUD.
• 1:10:20
  It's fake news. Usually it's completely
• 1:10:23
  misinformed and probably they're lying to you.
• 1:10:27
  So Bitcoin is helping planet Earth, it's helping individuals.
• 1:10:32
  Bitcoin is overtaking the world and the world's getting repriced
• 1:10:36
  in Bitcoin. So we'll see you tomorrow.
• 1:10:37
  On that note, guys, peace out. We love you.
• 1:10:40
  It's been your boy, Opti. I'll see you on the front lines.
• 1:10:47
  It was brought to you by bitcoinwell.com on a mission to
• 1:10:50
  enable independence.