Latest / Simply Bitcoin / Why Elon Musk Adopting Bitcoin is Inevitable | EP 964
Transcript
- 0:03It's. All going to zero against
- 0:05Bitcoin. It's going up forever.
- 0:15You're against Bitcoin. You're against freedom.
- 0:23Yeah, Welcome to another episode of Simply Bitcoin Live.
- 0:25You're your number one source for the peaceful Bitcoin
- 0:27revolution. Cover breaking news.
- 0:29Culture. Matic warfare.
- 0:30We will be your guide through the separation of money and
- 0:33state. We are simply Bitcoin at the end
- 0:37of the day. And covering the separation of
- 0:41money and state is not just of course the the money aspects are
- 0:46extremely important. It's in the name.
- 0:48But what started this fire? What started this?
- 0:51The ability for this to happen in the 1st place.
- 0:54It was the introduction of the Internet which led to
- 0:58peer-to-peer mass communication social media.
- 1:01It allowed anybody who has great ideas to start building a
- 1:06following and by and then by doing so circumventing the
- 1:11gatekeepers of information that has been not only AS we have
- 1:18alternatives to state money, that has also been a pain in the
- 1:23ass, for lack of a better expression, for governments that
- 1:27have been used to controlling the narrative on a massive
- 1:31scale. This came out during the Twitter
- 1:35files here in the US. This has and, and I really
- 1:39suggest this amazing interview with Tucker Carlson and Mike
- 1:42Benz. And it's been going on for a
- 1:45long time, but it only really became apparent over the last
- 1:48five years due to the the, the, the worldwide response to the
- 1:55pandemic. And that's really when things
- 1:57started to kind of be like, whoa, what's what's going on
- 1:59here? And their ability to gaslight
- 2:03the way that they've been used to like them going on the
- 2:06podium, you know, at the White House press meetings or
- 2:09whatever, and tell like the public, like, yeah, inflation is
- 2:12going down, Thanksgiving is actually getting cheaper.
- 2:14And then, you know, short them shortly after getting, you know,
- 2:18like badgered on social media, people are just posting the
- 2:21facts. That's very inconvenient for
- 2:24governments that have been used to doing things a certain way.
- 2:28And then that leads me to what's going on in Brazil.
- 2:31In Brazil, there's a Supreme Court judge that has ruled that
- 2:36essentially that certain Twitter accounts in Brazil or ex
- 2:39accounts in Brazil had to be censored.
- 2:43Then that led Elon, which is historic.
- 2:45It LED Elon Musk to take a stance and say, you know what,
- 2:48we're not going to do that. And then that led for the
- 2:51government of Brazil. Basically, they're about to do
- 2:53this, to threaten to take the platform completely off.
- 2:58Now, the reason that I named today's episode what I did is
- 3:02because it all kind of goes back to one of Satoshi's original
- 3:06quotes. If there is a quote, UN quote.
- 3:10And I'm paraphrasing. If there's a metaphoric
- 3:13centralized head to, you know, go after.
- 3:17Governments are really, really good at going after that.
- 3:21I don't know how much Elon can resist and he's getting
- 3:25resistance from the US government, from the European
- 3:29Union, and now from Brazil. How long could he resist this?
- 3:33For? As long as there's an ability
- 3:36for governments to Co-op the institution.
- 3:38I think over time the inevitable is going to happen.
- 3:42This is why freedom tools are so important.
- 3:47And of course I'm talking about Noster and of course I'm talking
- 3:51about Bitcoin. Can't stop it.
- 3:55They're censorship resistant. You can't just de platform
- 3:58someone if you wanted to, right? This is why we are here.
- 4:03So not only is the separation of money and state important, the
- 4:09separation of information and state comes right before at.
- 4:13Because if we lose that fight, forget about the separation of
- 4:16money and say if they're allowed to control the mass narrative,
- 4:19forget about it. People will willingly just walk
- 4:21into CBD CS, not even caring. So it's our job really to wake
- 4:27people up to the reality that it's not left versus right.
- 4:30It's not liberal but conservative.
- 4:32It's the party of Fiat versus the party of Bitcoin, party of
- 4:36green versus the party of orange.
- 4:39And I got to say, you know, this is a very historic time and I
- 4:44hope that Elon continues to take this stance because as much as
- 4:49as much of us bitcoiners that are fans of Noster and we use
- 4:53Noster, I try to be active on Noster every single day and post
- 4:56something on Oster. At the end of the day, the vast
- 5:00volume of people is a part of the reason people like, hey, why
- 5:02don't you guys just post exclusively on X?
- 5:05It's like, look, the our volume is on YouTube.
- 5:07Our volume, you know, is on X. Right now.
- 5:10Noster doesn't have that critical mass or the vast
- 5:13majority of the world is there. So the fact that Elon freed the
- 5:18bird, so to speak, on Twitter did a lot for the freedom
- 5:22movement. Now is it perfect?
- 5:23No. And This is why I named today's
- 5:26episode what I named it. I think Elon is going to come to
- 5:30the inevitable conclusion that if it's not a protocol, he's not
- 5:36going to be able to resist the onslaught that is coming.
- 5:39I think that's just, you know, I think it's obvious be be Dion
- 5:44commented on it. I think anyone who is an
- 5:48advocate of freedom and is not using all the tools available to
- 5:54you is a LARP. I think they are.
- 5:57I want to say I want to go as far as to faking it, but you
- 6:02have the tools right in front of you.
- 6:03Elon. I think you're inevitably going
- 6:05to come to this conclusion sooner or later.
- 6:08Tesla is one of the few public companies that are holding
- 6:12Bitcoin on on their balance sheet.
- 6:14So yeah, I mean you can resist the government of Brazil.
- 6:18Brazil could D platform Twitter. You're only going to be able to
- 6:22access it through AVPN or or crazy idea, How about Noster?
- 6:28How about Noster where there is no one's door to knock on right?
- 6:32There is no Bitcoin CEO because make no mistake, if there was
- 6:36one they would have already shut it down.
- 6:38So how long until Elon figures out the inevita, I mean, reaches
- 6:45the inevitable conclusion that, look, it's like you either use
- 6:50the freedom tools or you don't, and you're at a tremendous
- 6:54amount. You're at a tremendous
- 6:56disadvantage to governments if you're not using uncensorable
- 7:01freedom tools. So yes, Elon Musk inevitably is
- 7:06going to come to Bitcoin because he needs it.
- 7:09If he's truly, truly if he truly means what he says about free
- 7:14speech and free speech and Bitcoin go hand in hand.
- 7:19If you think that governments are not going to be OK with you
- 7:23saying certain things, what makes you think that governments
- 7:26are going to be OK with you transacting a certain way?
- 7:31Because fundamentally, at the end of the day, money is a form
- 7:34of speech. When you're paying someone, it's
- 7:36a form of speech, right? So anyways, we're going to break
- 7:40all of that down today. And we have a very special
- 7:43video. I've actually never seen this
- 7:45one before. There's the famous one of, like
- 7:48the guy, kind of like it's a troll where he goes and he's
- 7:51like, OK, Bitcoin goes from, you know, it go.
- 7:55It went all the way up to 100, then it went down to 50 and then
- 7:58went up to 1000, then it went down to 300.
- 8:01And he's like kind of making fun of, like, Bitcoin being dead.
- 8:04I actually found a video of someone talking about how
- 8:08Bitcoin went from $7.50 to a penny like this is like OGOGOG
- 8:16and the reason I play this type of content is because this only
- 8:21happened in 2011. So I think it's important to
- 8:24zoom out because it gives you a perspective on not not only how
- 8:31early we are, but sometimes, you know, it can get a little bit of
- 8:35frustrating when for a couple of months, a couple weeks we start
- 8:39to go crab sideways. But it's good to kind of, you
- 8:43know, zoom out because if you zoom out, you see, you know, how
- 8:46far we've come. I remember Opti and I used to
- 8:49make jokes about this all the time.
- 8:51Like we used to buy a million Sats for $100 and that isn't the
- 8:56case anymore. So anyways, it's going to be a
- 8:59great show. And then of course me and Opti
- 9:01are going to break down our experience in the shining
- 9:05country on a hill. And of course we're talking
- 9:07about El Salvador. We were just there.
- 9:10We did a couple live shows there.
- 9:11I did a couple live shows from Sun Side Rd.
- 9:14We did a couple live shows from the having party and we'll just
- 9:18kind of talk about our general type of experiences there.
- 9:21Opti won an award. I got it.
- 9:24Here, I got it. Here, I'll show you guys later.
- 9:25OK, so Opti won an award, which is absolutely hilarious.
- 9:29So we're going to like kind of go through that and just have a
- 9:32conversation of what we think about the country in its current
- 9:34form, where it's going. There isn't a recent there.
- 9:37There was a recent announcement by Naimbu Kele that they were
- 9:40going to award 5000 passports for free to engineers,
- 9:46scientists, artists, philosophers.
- 9:48And I thought was really cool. Like that is the proper way of
- 9:52running a nation state. Which, you know, again kind of
- 9:55goes with the theory of the sovereign individual about how
- 9:58eventually as time progresses, as more as we progress more into
- 10:02the information age, the relationship between the state
- 10:04and the and the individual will change into more of a
- 10:08transactional type of relationship, right.
- 10:10And sovereign individuals will will be allowed to kind of pick
- 10:13and choose what jurisdiction they would like to live in based
- 10:17on how how they're treated. So anyways, it's gonna be a
- 10:20great show OPT. I don't know if you wanna add
- 10:23more to that. If not, we'll jump right into
- 10:25it. Now let's just jump right into
- 10:27it. Let's let's let's start Monday
- 10:28strong. We'll we'll look back
- 10:31historically at Bitcoin never dying, get into the news story
- 10:34and then and then we'll talk about everything that we
- 10:36experienced down in El Salvador. Absolutely.
- 10:39All right guys, before we jump into it, I do want to give a
- 10:42very, very special shout out to the best place to build your
- 10:45automatic self custody Bitcoin stack.
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- 11:01At this standard, you can't buy Bitcoin on Bitcoin.
- 11:04Well, unless you're going to take self custody, which
- 11:08perfectly aligns with the simply Bitcoin ethos of the separation
- 11:11of money and state. Because at the end of the day,
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- 12:06That's how. Really.
- 12:07Really. That's how we're really going to
- 12:08change things. Anyways, ladies and gentlemen,
- 12:10let's get to the show. We have a lot to talk about.
- 12:12Let's check it out. Here we go.
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- 13:35Bitcoin price is $71,930, very close to all time highs.
- 13:40SAT's per dollar 1390 block height 838,329 blocks to having
- 13:501671. Having estimate April 19th,
- 13:542024. Oh, that's a shame.
- 13:56It's not on 4/20 anymore. Total Lightning network capacity
- 13:594355. Bitcoin capacity value 313
- 14:04million U.S. dollars. Realized monetary inflation
- 14:081.73%. The market capitalization of
- 14:12Bitcoin is currently sitting at 1.42 trillion U.S. dollars.
- 14:17Bitcoin versus gold market cap 10.24%.
- 14:22In the grand scheme of things, Bitcoin's just getting started.
- 14:25Anyways, I did want you guys to check out this OG video.
- 14:29You could even tell it's OG just based on the camera quality.
- 14:34But just check out the prices that this gentleman, I don't
- 14:37know what his name is, is talking about.
- 14:39He's talking about Mount Cox. I mean, like just oh man, just
- 14:44check it out. Hey guys, it's Nick.
- 14:45I just witnessed a very dramatic price crash in Bitcoin on the
- 14:51Mount Cox exchange. Mount Cox is the main Bitcoin
- 14:54exchanger. It's the biggest at the moment.
- 14:56There are a couple of them. There's another one called Trade
- 14:59Hill, which I'll talk about a little bit later on.
- 15:01But Bitcoin is, or I'm sorry, Mount Cox is the big one.
- 15:04And when I'm sitting on my computer, I have a little window
- 15:07open to bitcoincharts.com and it shows me the Mount Cox price
- 15:12Live and it updates it every minute.
- 15:13So I get to see what the price is.
- 15:15And from the span of about less than 5 minutes, it went from
- 15:181750, which is the range that it's been trading in for the
- 15:22last 72 hours. It went from 1750 all the way
- 15:26down to 1 penny. That's right, people were buying
- 15:31Bitcoin at 1 penny. But if you bought Bitcoin at 1
- 15:36penny, you're probably not going to be able to cash out because
- 15:40this is what happened. According to the Mt Cox website,
- 15:44if you try to go to mountgox.com, they put up this
- 15:47notice and I'll just read it. Huge Bitcoin sell off.
- 15:50Due to compromise account, the Bitcoin will be back to around
- 15:531750 after we roll back all trades.
- 15:55That happened after the huge Bitcoin sale on June 30th.
- 15:58Service should be back by June 20th at 11:00 AM.
- 16:02One account with a lot of coins was compromised and whoever
- 16:05stole it first sold all the coins in there just to buy them
- 16:08again just afterwards and tried to withdraw the coins.
- 16:12The $1000 per day withdrawal limit was active for this
- 16:15account and the hacker could only get out with $1000 worth of
- 16:17coins. One account with a lot of I'm
- 16:19sorry, apart from this, no account, no other account was
- 16:21compromised and nothing was lost due to the large impact this had
- 16:24in the Bitcoin market. We will roll back every trade
- 16:27that happened since the big sale and ensure that this account is
- 16:30secure before opening access again.
- 16:32So basically somebody had a lot of Bitcoin, some guy got access
- 16:36to his password and then put in a sell order for half a million
- 16:41Bitcoin, about at 1 penny. So basically it's sold, sold,
- 16:46sold all the way down to a penny.
- 16:48Anybody on Mt Cox who had a buy order such as myself, I had buy
- 16:53orders all the way down to 1 penny.
- 16:56For instance, I had an order to buy 10 Bitcoin at $10.15 Bitcoin
- 17:02at $9. You hear that 15 Bitcoin at $9,
- 17:0915 Bitcoin today is like $1,000,000.
- 17:14It's crazy. 1st 20 Bitcoin all at 5, you know at 5 dollars 321
- 17:19all the way down. I had buy orders and so when
- 17:22Bitcoin price dropped to a penny in the span of that 5 minutes,
- 17:26it went back up to about $13. But in that in the span of just
- 17:305 minutes, all of my buy orders. Were.
- 17:35Completed, but doesn't mean I get to walk away with that cheap
- 17:40Bitcoin. You can't go on Mount Gox right
- 17:43now because they've literally closed down the site and they're
- 17:47going to roll back all those charges.
- 17:48So any buy orders that I did are going to be reversed, which,
- 17:55well, I guess that's not really good for me, but it is good for
- 18:00the person whose account was hacked, I suppose.
- 18:04So man, this really goes to show the vulnerabilities of this
- 18:09Bitcoin market right now. Mount GOX has been having all
- 18:13sorts of issues. OK, OK dude, holy bajigas you
- 18:24know what is it? 10 Bitcoin with $5.15 Bitcoin
- 18:29for $20? Nine dollars is some absurdity
- 18:32like that. And I know what a lot of you
- 18:35guys are thinking. And that just kind of reminds me
- 18:37of the American huddle thing he's living in the moment.
- 18:43At that time, right. So he's like thinking he's like,
- 18:47oh man, like I could have got it's bitcoins at 17 cents.
- 18:51I could have got it at A at a penny.
- 18:54Like, you know, like I could have gotten so much more
- 18:58Bitcoin. And I'm calling it right now.
- 19:01Maybe it won't be so, so absurd, right.
- 19:05But I'm telling you right now that in what that was 2011, so
- 19:1113 years ago. I'm telling you that in 13 years
- 19:16or 10 years, you're going to be remembering when you had the
- 19:21opportunity to buy Bitcoin at 71,000.
- 19:24And it's going to be so obvious in hindsight.
- 19:29And it's always so important to like, look at those videos and
- 19:33remember absolute scarcity. Remember that when he was doing
- 19:38it at the time, BlackRock was not involved.
- 19:40When he was doing it at the time, nation states didn't have
- 19:44it as legal tender. When he was involved, you didn't
- 19:48have public companies putting it on their balance sheet.
- 19:51It was a totally different era back then.
- 19:55And all of these things are just starting, just starting to
- 19:58happen. So could you imagine what we're
- 20:01going to be 10 years from now? I'm going to go out on a limb.
- 20:06And I don't like to speculate and like put actual, like
- 20:10specific price targets because I think no one really knows.
- 20:14But I'm going to go out on a limb and I think people are
- 20:17going to be pleasantly surprised at where Bitcoin is going to be
- 20:23thirteen years from now, 13 years from now, That's like 3-3
- 20:28more cycles. The having subsidy is going to
- 20:32be, you know, significantly less right at that point.
- 20:37So yeah, just, you know, low time preference.
- 20:42Imagine if that guy knew what we knew today.
- 20:47He wouldn't even have made that video.
- 20:49He would have just shut the F up, literally put his head down,
- 20:53done everything in his power just to buy as much Bitcoin as
- 20:58possible and just hold it. So apply that, like, learn the
- 21:02lessons from the past, from the past, and apply it to what you
- 21:06can in the future. And when in doubt, it's
- 21:09important to zoom out, right? I think we're just getting
- 21:12started. And the reason I say this is
- 21:15because if you're not in places like El Salvador, even in El
- 21:19Salvador, but most of the people ask yourself, do the Normies
- 21:23around you do you're like, do they, like, know what's going
- 21:26on? Like, no, they're still like, it
- 21:28reminds me of that meme of the guy, which is like, oh, that's
- 21:33all that's really cool. Did you see the game last night?
- 21:36You know, so it's important to kind of zoom out when in doubt.
- 21:39And Opti, you've been in the trenches with me for a while
- 21:42now. We've we've been through a
- 21:43couple couple cycles together where, you know, hopefully going
- 21:47into this bowl that's going to blow everyone's, you know,
- 21:50everyone's going to be super, super hyped man, $9 for 15
- 21:55Bitcoin. Holy cow, holy car.
- 21:58A penny, a penny per Bitcoin, you know.
- 22:00But I think, I think the the main signal here though, guys is
- 22:04like Hindsight's 2020. And to Nico's point, you know,
- 22:08in 1013 years everyone's going to look back and be like, oh
- 22:10man, I wish I'd bought Bitcoin AT70K because we all think the
- 22:14Bitcoin price is going to go up. You know, it's going up forever,
- 22:16Laura. But what I think is the biggest
- 22:19signal from this is when you talk to people that are around
- 22:22back then like no one knew what Bitcoin was doing when Mount
- 22:26Mount Cox happened. People legitimately thought
- 22:29Bitcoin was going to die. Like they thought it was over.
- 22:31They thought it was dead because we didn't have the the the
- 22:35Bitcoin, Bitcoin only education platforms that we have now like
- 22:38simply Bitcoin or everyone else that's making good Bitcoin
- 22:40content. At the time, it seemed like
- 22:42Bitcoin was over. And this is to a point that
- 22:45we're not the only ones that say it, but like, I think even
- 22:47sailors said it and a lot of us bitcoiners have realized this
- 22:51change in the culture where like Bitcoin in my opinion is
- 22:55becoming less risky every single day by, you know, 10 minute
- 22:58blocks, Bitcoin becomes less risky.
- 23:01And it and it's it's in my opinion the best time to be
- 23:04buying Bitcoin. Because even if you were an OG
- 23:07that was around back then like a lot of people that I've talked
- 23:10to that were around then that understood Bitcoin that were on
- 23:14Mt Gox. Like they they didn't know what
- 23:16they were holding and they weren't holding the those same
- 23:19coins that they are today. Like now we have the huddle
- 23:21culture where everyone knows like you don't want to spend
- 23:24your Bitcoin, take your Bitcoin off exchanges.
- 23:26Like everyone knows these memes because of the legends back then
- 23:30that absolutely got wrecked, that didn't know what they were
- 23:32doing that were basically like walking in the darkness and and
- 23:36probably speculating on the price of Bitcoin.
- 23:38It wasn't even as easy to take Bitcoin into custody back then
- 23:42that as it is today. And so these these are the
- 23:45people that sacrifice their their own coins at times and and
- 23:49have you know went through the the trenches and got absolutely
- 23:52decimated And the ones that stuck around are the Bitcoin Ogs
- 23:57that that we all know and love. And so like very few people
- 24:00probably got those bitcoins at a penny and still hold it today.
- 24:04But everyone wishes that they knew about Bitcoin back then and
- 24:08everyone swears that they'd Hoddle their Bitcoin till today.
- 24:11But very few people were actually ever capable of
- 24:14hoggling their Bitcoin and it just really goes to show that
- 24:17now is probably the best time for everyday average people to
- 24:20buy Bitcoin because it is becoming de risk.
- 24:22I mean we all think of it as like Bitcoin is the risk off
- 24:26asset and yet people out there still consider a risk on asset.
- 24:29And so moving forward, I know for a fact too like Niko's
- 24:32point, we're all going to be looking back at 70 K Bitcoin and
- 24:35all have the same thoughts of like man, I should have stacked
- 24:38more like everyone has the same thoughts.
- 24:40You know everyone thinks they missed the Bitcoin price when
- 24:43they come in and they buy it at a high price.
- 24:45You know my buddy why? And you guys don't know why.
- 24:47He basically says like I buy historical tops as or I buy tops
- 24:52and Bitcoin as his historical time stamps.
- 24:54And so we're we all go through this what what do you always
- 24:58say, Nico, you know we all pay the price of tuition to really
- 25:01understand what is Bitcoin and how to hold Bitcoin and how to
- 25:05make it through the roller coaster ride that is the Bitcoin
- 25:08price. But one thing that I really want
- 25:11to touch on is shout out to that guy Nick, who is basically
- 25:15naming like the big exchanges of the time.
- 25:17And I don't know if you guys caught it, but none of them are
- 25:20around. Which goes to show that do not
- 25:22leave your Bitcoin on exchanges. Of course back then they didn't
- 25:25know any better. But now you know, we have a
- 25:28bunch of big Bitcoin exchanges and you know, I I don't ever
- 25:31root against Bitcoin only companies.
- 25:35But it's safe to say that maybe some of the exchanges that we
- 25:38know and love today might not make it to the promised land,
- 25:41quote UN quote promised land. This is why we tell you guys
- 25:43constantly, do not leave your Bitcoin on exchanges.
- 25:46Because the biggest exchanges at the time in 2011, like none of
- 25:48them are even around. There's very few exchanges that
- 25:51are around for the last decade and the ones that are around for
- 25:55that long, they, they don't really have as much liquidity as
- 25:58they used to. And so this just goes to show
- 26:00guys, do not leave your Bitcoin on exchanges.
- 26:04But again, Bitcoin never dies. And I I absolutely love the
- 26:09website of the Bitcoin obituaries because everyone
- 26:11always thinks Bitcoin's dead. Everyone always thinks they
- 26:14missed the Bitcoin bull run or missed the the best time to buy
- 26:17Bitcoin. When in reality it's never been
- 26:20a better time to buy Bitcoin because it's been de risked,
- 26:23because everyone knows the memes, everyone's propagating
- 26:25the memes. There's a way better Bitcoin
- 26:27only education platform out there from all of us, different
- 26:31content creators and the signals never been stronger in Bitcoin.
- 26:35The Bitcoin memes have been tried and tested.
- 26:37People know the best practices of it and This is why we tell
- 26:40you guys constantly that it is a memetic warfare.
- 26:43Like it's all about information war and spreading these signals
- 26:46so more people understand exactly what's going on, so more
- 26:50people don't wreck themselves throughout this process.
- 26:53Because it really it's not that easy to go from a Fiat world
- 26:57into a Bitcoin world. Yes, once you get it, it's easy.
- 27:00I have a meme or a a Twitter post that has been pinned on my
- 27:04Twitter for a while. It's like once you understand
- 27:08why you Hoddle, the Hoddle becomes easier.
- 27:10But there are some lessons you have to understand and and
- 27:14basically experience and lived through before you really
- 27:17understand the Bitcoin message and the Bitcoin memes.
- 27:21And so again guys, hold your own keys, don't leave money on
- 27:25exchanges, but shouts out to that guy absolute legend for
- 27:28being around that long. And of course we all wish we
- 27:30were buying Bitcoin at a penny or even 15 Bitcoin for $9 or
- 27:35whatever. It was like we all wish we had a
- 27:37time machine to go back in time, but what's the saying?
- 27:41You know the best time to have stacked Bitcoin is yesterday,
- 27:44but the best time since then is to stack today and start
- 27:47stacking and just get off 0. This is the mission, guys.
- 27:50Accumulate as much Bitcoin as possible, provide value to your
- 27:53fellow man. Don't don't you know, live below
- 27:56your means. Save Bitcoin for the long term.
- 27:58Because in time if you do not capitalize on this opportunity,
- 28:03you're going to be looking back at today's prices like we are on
- 28:06on that video and be like man, I had a chance to buy Bitcoin
- 28:09AT70K and I was sleeping at the wheel and I, you know, whatever
- 28:13I like Jack Mueller was the same.
- 28:15You know, I shorted Bitcoin to buy some pants like what am I
- 28:17doing? Do not do that.
- 28:19Just stack. Make sure you take Bitcoin into
- 28:22custody, make sure your your seed trays are backed up, make
- 28:25sure you can access your Bitcoin and just continue to stack.
- 28:28This is the name of the game and we will look back at these shows
- 28:32like today we'll look back at simply Bitcoin in like 10 years
- 28:34and be like man, we had the greatest opportunity ever to
- 28:37stack Bitcoin AT70K. And yet some of us took the the
- 28:41foot off the gas pedal. So don't do that.
- 28:43Accumulate Bitcoin, take it into custody and in 10 years time
- 28:47we're going to be looking back at at these type shows and be
- 28:50like man, we were so lucky, we were so lucky to be able to have
- 28:53the opportunity to stack Bitcoin AT70K.
- 28:56Yes, of course we all want Bitcoin at pennies.
- 28:58But hey, this is the chance we have now to stack as much
- 29:03Bitcoin as possible. Amen to that.
- 29:05Amen to that guys. If you're enjoying the show, may
- 29:07help us break 100 likes within the first hour.
- 29:10So if you're watching us on YouTube, the almost 300 of you
- 29:13guys make sure to smash that like button.
- 29:16The almost 600 of you guys watching us on X, make sure to
- 29:19hit the little heart button and the 76 of you watching us on
- 29:23rumble, make sure to hit that little thumbs up button to
- 29:26return screen. We appreciate you all.
- 29:29And anyways, guys, before we move on to next segment of the
- 29:32show, we saw a couple people buy some of the Simply Bitcoin merch
- 29:36over the weekend. So I just wanted to highlight it
- 29:38because we didn't highlight it a lot last week guys, We did drop
- 29:42a new Simply Bitcoin collection, Collection 01.
- 29:46We teamed up with Bitcoin artist Asanoa and we came up with all
- 29:50these different designs. So the Peaceful Revolution shirt
- 29:53with the Guy Fawkes mask. A golden Bitcoin pill.
- 29:57A golden Bitcoin snapback. A golden Bitcoin Dad hat.
- 30:00The Woman's Peaceful Revolution tank.
- 30:03A woman's Bitcoin tank as well. So guys, we really, really
- 30:07appreciate it. If you guys want to help support
- 30:10the show, of course, stack the stats first.
- 30:13But if you guys want to help support the show and help us
- 30:15stay independent, check out our merch.
- 30:17You can do that by checking the QR code or checking the link in
- 30:20the video description. All right everybody, let's get
- 30:23to the news, the Daily News. I want to give a shout out to
- 30:31our sponsor, Foundation Devices. It's self custody done right.
- 30:35They built a premium grade hardware wallet called Passport
- 30:39right here in the US. It's fully open source and
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- 31:18your Bitcoin off exchange changes, this is the one for
- 31:21you. Check out the passport link in
- 31:23the show notes below to learn more.
- 31:26Awesome. All right everybody, So quick
- 31:28ETF update before let's start with the company updates and
- 31:31I'll tell you why in a second. But first, MicroStrategy.
- 31:34214,000 Bitcoin Marathon. Digital Holdings 16,930 Bitcoin
- 31:41Tesla, Tesla. It's interesting, right?
- 31:45You know a lot of people give Elon shit and especially
- 31:50bitcoiners, right? Rightly so because the dude is
- 31:53promoting Doge like he has such a platform and the dude promotes
- 31:58doge. And we always say this like why
- 32:01is it someone as smart as Musk? People say no Musk is not smart
- 32:05dude. It's self driving cars and the
- 32:08Rockets that land themselves. You can't founded PayPal like
- 32:12you can't like second richest man or richest man in the world.
- 32:15Can't say the dude is dumb, like dude's smart, so yeah.
- 32:19But but again, you have to understand that Bitcoin is a
- 32:21humility test and it always reminds me of that that meme
- 32:27where I'm new to Bitcoin, I'm here to fix it.
- 32:31And the reason it's a humility test is because what Michael
- 32:35Saylor says, everyone gets Bitcoin at the price they
- 32:37deserve. So you kind of have to eat your
- 32:40humble pie a little bit like that's that's the like the the
- 32:44God honest truth like you have to be OK with it and it is
- 32:50someone at the levels of Elon Musk going to eat his humble
- 32:53pie. I think eventually he might be
- 32:56forced to especially if he's sincere about the mission that
- 33:00he's currently on and we'll get to that in a SEC.
- 33:02But I just wanted to point that out that Elon already or one of
- 33:07his companies of which he's a a majority shareholder the the
- 33:11biggest shareholder and he's definitely the CEO of is the
- 33:14third largest public company that holds Bitcoin.
- 33:18Tesla holds 9720 Bitcoin. Now they have led his hands.
- 33:22They sold some of that they've but they've already doubled
- 33:26their investment by holding Bitcoin.
- 33:29So anyways wanted to point that out Now moving on Grayscale ETF
- 33:33update seems like holy crap you know grayscale seems like they
- 33:38bought 8000 Bitcoin over the weekend.
- 33:41Fidelity seems like they bought 7000 Bitcoin.
- 33:44Ark continues to go up. So that institutional demand,
- 33:48you know, continues to stay the same.
- 33:49But as Tone Vase pointed out, so rightly so, and I'd love that.
- 33:54He pointed that out on the Friday show, He was like Nico,
- 33:58like people are just getting rid of the grayscale because they
- 34:02don't like the fees and they're just going to BlackRock.
- 34:04They're just going to Fidelity. They're just going to Ark
- 34:07because they offer better fees. So it's it's, it might not
- 34:11necessarily mean that BlackRock is scooping all this up.
- 34:17It might be that BlackRock is scooping up the Bitcoin that
- 34:21Grayscale is selling. But you can only do that for so
- 34:24long until you run out of Bitcoin, right?
- 34:28So anyways, so we're going to do a tale of two different nation
- 34:32states. First we're going to start with
- 34:34El Salvador. This is the recent announcement
- 34:37opting are going to double back to our personal experiences in
- 34:41on in the shining country on a hill El Salvador.
- 34:45But this is one of the recent things like 40 chess move by
- 34:49Nayan Bukele. He tweeted this out April 6th,
- 34:52so two days ago. Over the weekend, we're offering
- 34:555000 free passports to highly skilled scientists, engineers,
- 35:00doctors, artists and philosophers from abroad.
- 35:03This represents less than .1% of our population, so granting them
- 35:08full citizens citizen status, including voting rights, poses
- 35:12no issue. Despite the small number, their
- 35:15contributions will have a huge impact on our society in the
- 35:18future of our country. Plus we will facilitate the
- 35:22reallocation by ensuring 0% taxes and tariffs on moving
- 35:26families and assets and this includes commercial value items
- 35:30like equipment, software and intellectual property.
- 35:33Stay tuned for more details. So like, you would think that
- 35:40the role of government or the role of your leaders or the role
- 35:45of your so-called betters is to improve the place that you're
- 35:51at, right? In the US, we get sold.
- 35:54It's a government by the people, for the people.
- 35:58But what I believe Fiat has done is that it's Frankenstein, the
- 36:03system to make it really like a government by the government for
- 36:08the government for the betterment of the government and
- 36:12the betterment of the unelected class in the government that
- 36:16stays in power regardless of who gets elected into office.
- 36:20Some people call it the deep state.
- 36:21I call it the administrative state, the managerial class, so
- 36:25to speak. Like this is what governments
- 36:29are supposed to do, because this will be a huge net benefit for
- 36:36the development of El Salvador. Without a shadow of a doubt
- 36:42anyways, when I saw this, I tooted out.
- 36:46I said sovereign individual thesis playing out.
- 36:48When governments compete for your business, you win Viva naim
- 36:52bukele. When governments become
- 36:55tyrannical, when governments start to censor, we already know
- 36:59what happens. There's a reason.
- 37:04When they put up the Berlin Wall, people were escaping the
- 37:08totalitarian society under the threat of potentially dying for
- 37:14freedom. There's a reason, and I live in
- 37:17Miami. I live in Florida.
- 37:18There's a reason that Cubans risk their lives to get on
- 37:24rafts, to try to leave Cuba, to come to Miami, to come to
- 37:29Florida and search for a better life.
- 37:32Like, there's a reason for that. Genuinely, generally, when you
- 37:36have to put up a wall to keep your people from not leaving, it
- 37:41tends to be a good indication that, you know, perhaps what you
- 37:45have going on isn't necessarily, you know, really Great Society.
- 37:51It's not necessarily a really great idea with what's going on
- 37:54if people tend to leave and you have to build walls for that and
- 37:59what you're doing in El Salvador, what Naima Kelly is
- 38:01doing in El Salvador, He's like he's attracting people to come
- 38:04to El Salvador. Opti has said this before, where
- 38:07he's met in El Salvadorian. He said, look, I want to go back
- 38:10to my country. I've met El Salvadorans in Miami
- 38:13saying I want to go back to El Salvador.
- 38:16You don't see that ever. If you're Latin America, if
- 38:21you're Latin American and you reach Miami, it's like reaching
- 38:23the promised land. And this is like the place to
- 38:26be. It's like the hub for Latin
- 38:28America. You don't generally go back, but
- 38:32people are seeing what's happening and they feel
- 38:36enthusiastic. It's El Salvador still needs a
- 38:39lot of work to be done, but at least they're trying.
- 38:43They're chipping at the problem. And from my experience, if you
- 38:46chip out a problem and you stay at it and you're consistent,
- 38:50eventually you breakthrough. So this is what's happening in
- 38:52El Salvador now. In stark contrast, what's
- 38:56happening in Brazil is absolutely bonkers.
- 39:00So this is a huge story. And again guys, the reason that
- 39:04we cover freedom of speech issues on simply Bitcoin is
- 39:07because freedom of speech is like the front line.
- 39:10If you lose the freedom of speech aspect of it, forget
- 39:15about the whole Bitcoin aspect of it.
- 39:17Freedom of speech has to be defended, has to be fought for.
- 39:21But what I'm going to point out in today's episode, what I was
- 39:25saying in the very beginning of today's episode is that like,
- 39:29you can resist it. You could only resist it for so
- 39:33long. Eventually, if you use a
- 39:37protocol that it, it can't be stopped.
- 39:41It's not a question of, oh, like there's a lot whatever it it
- 39:44just it just you can't stop it. What happens is that eventually
- 39:50that kind of forces the hand. It does it peacefully, but it it
- 39:56it it kind of like it's like if it's there and it's not going
- 40:00away. You can't do anything about it,
- 40:03you know. Anyways, so headline of this
- 40:06article is Elon Musk says X will defy order from Brazil Supreme
- 40:09Court after Twitter files. It goes on to say order of X
- 40:13Corp Elon Musk said on this platform Saturday evening that
- 40:16the company had decided to lift all restrictions on Brazilian
- 40:19accounts targeted by an order from the Nation Nation Supreme
- 40:22Court. Quote, we are lifting all
- 40:24restrictions. This judge has applied massive
- 40:27fines, threatened to arrest our employees and cut off access to
- 40:30X in Brazil. As a result, we will probably
- 40:33lose all revenue in Brazil and have to shut down our office
- 40:36there. The principles matter more than
- 40:39profit. The announcement came in
- 40:41response to reporting by investigative journalist Michael
- 40:44Shellenberger and his colleagues David Agrapa and Ela Vieira,
- 40:48titled Twitter Files Brazil and his reporting Mr. Shellenberger
- 40:52Sites records released by X, formerly known as Twitter during
- 40:56Mr. Muck's 2022 takeover that allegedly showed that Brazil's
- 41:00engaged in a sweeping crackdown on free speech led by the
- 41:04Supreme Court Justice, sitting members of Brazil's Congress and
- 41:08journalists were among those names by Brazil's highest court
- 41:11for censoring. He named lower House members
- 41:14Carla Zambelli of former President Javier Bolsonaro's
- 41:17Liberal Party and Marcel Varan Van Hatten of the Novo Party as
- 41:22targets of orders targeting post to the The court deemed
- 41:26misinformation. According to the internal files
- 41:29Mr. Shellenberger shared, Twitter in Brazil was threatened
- 41:33with a $30,000 fine. The company had one hour to
- 41:36remove the Congress members post or pay the court for non
- 41:40compliance. The article reports that the
- 41:42justice had even been jailing individuals without trial for
- 41:46things posted on social media. According to Mr. Shellenberger,
- 41:49Supreme Court Justice Alexandra De Moraes to allegedly made
- 41:55demands to Twitter to allow access to its internal data in
- 41:58violation of Twitter's own policies on the handling of user
- 42:02data. It went on to say British
- 42:06Brazil's Twitter files also show that the Justice SWAT sought to
- 42:09weaponize Twitter's content moderation policies against
- 42:12supporters of then President Jared Bolsonato.
- 42:15Mr. Shellenberger said a similar trend to what the Twitter files
- 42:18revealed was happening to former President Donald Trump and
- 42:21conservative voices in the United States.
- 42:23The origin of the order to censor Brazil's post was also
- 42:26revealed in the internal Twitter files last year.
- 42:30Justice Demoradas also ordered an investigation into executives
- 42:33at social messaging platforms Telegram and alphabets Google
- 42:37who were in charge of a campaign criticizing A proposed Internet
- 42:40regulation bill. The bill put the on on us on
- 42:44Internet company search engine and sold social message
- 42:47messaging services to find and report illegal material instead
- 42:50of leaving it to the courts and charge hefty fines for failures
- 42:54to do so. Anyways, here's kind of the
- 43:00breaking aspect of it and here's where I think Elon is eventually
- 43:04going to find a very, very tough hill just to fly on.
- 43:09Elon obviously took a stance and I'll I'll say this guy's just
- 43:13how I said the thing about Brian Armstrong when Coinbase decided
- 43:18to adopt integrate Lightning and I said because of Coinbase's
- 43:25size, even though it's not a Bitcoin only on ramp because of
- 43:31its size, the fact is that Coinbase might have a huge
- 43:36influence on the adoption of the Lightning Network.
- 43:39I'm going to say the same thing about Elon.
- 43:43I might not like that he supports Doge.
- 43:48It might not like that he's still, for some reason or the
- 43:52other, right him. Bitcoin is a humility test.
- 43:54He still hasn't integrated Bitcoin into his platform.
- 43:59He's still taking a stance towards freedom of speech.
- 44:03So in response to the Brazilian government's request, he says we
- 44:09are lifting all restrictions. This judge has applied massive
- 44:12fines, threatened to arrest our employees and cut off access to
- 44:17X in Brazil. As a result, we will probably
- 44:19lose all revenue in Brazil and have to shut down our office
- 44:22there. But principles matter more than
- 44:25profit. All right, of course.
- 44:29Here's Elon Musk on Twitter. You know, he has the X thing.
- 44:32It's just free speech. Free speech for the people of
- 44:34Earth. Here is a very, very famous
- 44:38interview that he did not too long ago.
- 44:40I'll I'll let you guys check it out.
- 44:45You know, I'm reminded of there's a scene in The Princess
- 44:53Bride great movie where he confronts the person who killed
- 45:00his father and he says offer me money, offer me power.
- 45:13I don't care. So you just don't care.
- 45:21You want to share what you have to say.
- 45:24I'll say what I want to say and if, if, if, the consequence.
- 45:27Of that is losing money, so be it.
- 45:30OK. Of course there's this also very
- 45:34famous interview where he you know there was Disney was
- 45:39threatening to cut the advertising for X and he said he
- 45:42basically just said F you. So again, however, which way you
- 45:47feel about Elon as an individual, specifically related
- 45:52to Doge, specifically related for his continued resistance to
- 45:57integrating Bitcoin into the platform.
- 46:02But at the end of the day, I think he's done a tremendous
- 46:05amount for the free speech movement worldwide because of
- 46:09the amount of people that are on X currently.
- 46:14Not to mention the fact that Tesla is the third largest
- 46:19public company that currently holds Bitcoin.
- 46:22Even that, with all the Doge shenanigans and all that
- 46:25bullshit, the case that I would make to you guys is if he's
- 46:31really serious about this, the more he pushes, the more
- 46:36resistance he's going to encounter, and the more
- 46:40resistance he's going to encounter.
- 46:43He is just one man. Remember when Twitter was in the
- 46:50leadership of other people, it went down the censorship route.
- 46:57So what happens, for whatever reason, if Twitter can't pay
- 47:00their bills, they go out of business.
- 47:02They go in a band, it goes into another hand, that there we go,
- 47:05step one, we're back to stage one.
- 47:09We can't rely on centralized platforms to communicate.
- 47:15Full stop. Can't do it.
- 47:18We can't rely on centralized platforms to make payments.
- 47:23We can't rely on centralized platforms to separate money from
- 47:29state. We can't rely on centralized
- 47:32platforms to separate information and the state.
- 47:37You can't do it. If it is centralized, it will
- 47:39inevitably be Co opted by government.
- 47:44This is why the four cores are so important.
- 47:46This is why the block sizes remaining what they are today
- 47:52were so important. Because if you increase the
- 47:55block size, you increase the resource requirements.
- 47:57If you increase the resource requirements, less people
- 48:00running loads, less people running nodes means a central a
- 48:03potential centralization of the of of nodes being run because
- 48:08people can't afford the hardware.
- 48:10So they start outsourcing it to servers and then it creates a
- 48:14situation like Ethereum, where the vast majority of of of
- 48:17Ethereum nodes, because they're so resource intensive, are run
- 48:21on AWS servers. Do you guys know that you guys
- 48:25want to look at who's running Ethereum?
- 48:27Like actually running Ethereum? Don't take a look at Vitalik.
- 48:29Let's take a look at Jeff Bezos. Anyways, so that's the deal
- 48:34there. Now very interesting thoughts
- 48:37over at Noster. This is Primal.
- 48:40It's a Primal's, an app that interacts with the, you know,
- 48:42the Noster protocol. Highly recommended.
- 48:44Huge fan of Primal. They have a a Lightning wallet
- 48:47integrated. It's badass.
- 48:49Here's Odell. And Odell is interesting because
- 48:52Odell has completely just left Twitter altogether.
- 48:55He's really taking the stance and he said live without
- 48:59permission, Noster only. And of course, he's reacting to
- 49:04the initial post by X, basically going along with the request by
- 49:10the Brazilian government to censor certain accounts.
- 49:14Now Elon backtracked and he said, you know what, Actually
- 49:16we're not going to do that. And then into it was announced
- 49:19on Sunday and this is still a developing story that the
- 49:23Brazilian government, it looks like they're going to block the
- 49:26platform altogether. And now where we are in the
- 49:28story is people are advocating for VPNs and stuff so that
- 49:32Brazilians can still access X without it being blocked.
- 49:38So I'll, I'll pass it on to you guys, right.
- 49:41And the next one I want to read is from Beauty On.
- 49:44Do you think, Do you really think that if these politicians
- 49:51and bureaucrats can't help themselves but to censor you for
- 49:58what you have to say, do you think they're going to be OK
- 50:04with you using a money that they can't debase or control?
- 50:12Leave it up to you guys. What do you think?
- 50:18We have to stand our ground when it comes to free speech.
- 50:24Because if we don't, bitcoins next.
- 50:27Now, of course they're going to have a hard time.
- 50:29They're going to have a hard time with Noster.
- 50:32But I like where I live. I don't want to have to, you
- 50:37know, be a fugitive for writing down 12 words.
- 50:42And the way that you do that is by spreading the truth, putting
- 50:47a light of truth on this. Because here's the thing, I
- 50:50don't think the Brazilian populace is is aware of this.
- 50:54Why are they so afraid of information?
- 51:01If you have to censor, you've already run out of arguments.
- 51:06You don't have a good argument to rebuke whatever is being
- 51:10said. It's a lot easier to just
- 51:14disappear what is being said about what your actions are.
- 51:19It's a lot easier for governments to make that go away
- 51:23than to actually acknowledge what they're doing.
- 51:28Because the reality is, I think that if most people were made
- 51:32aware of what they were doing, they wouldn't be OK with it.
- 51:37Which is why they're so hell bent on censoring in the first
- 51:40place. This is information narrative
- 51:45trench warfare that is happening in the battlegrounds of the
- 51:48Internet. This is the 4th torn turning.
- 51:50This is our World War 2 moment. It's just information warfare.
- 51:56It's very different. It's not kinetic, but it's the
- 51:59same thing. They're trying to accomplish the
- 52:01same thing. Here's beauty on, beauty On is
- 52:04the founder of us, Tecco. Love the guy.
- 52:07Have we've had him on the show many times.
- 52:08He has amazing takes. He says Bitcoin is more
- 52:11important than social networks and is more powerful tool to
- 52:15keep governments obedient. That's a really good point.
- 52:20Governments think that they can regulate Bitcoin, but when all
- 52:24of this is said and done, it's going to be Bitcoin that
- 52:28regulates government. Now Beauty On continues to say
- 52:32that Elon can't see this is truly remarkable.
- 52:36He could turn X into a tool that can actually control Brazil,
- 52:41rather than it just being an irritant. 100%.
- 52:47Adopt freedom protocols. Adopt freedom protocols.
- 52:53Now, if Elon is as smart as we think he is, if he's able to eat
- 53:01the humble pie, all roads lead to Bitcoin, all roads lead to
- 53:06Noster. It's an inevitable truth and
- 53:10this is already happening. Bitcoin is already being used as
- 53:15a tool for dissidents. This is a no BS post.
- 53:21The headline is the Bitcoin revolution in Iran.
- 53:24It goes on to say This report explains the increasing use of
- 53:27Bitcoin by Iranians, a population facing economic
- 53:31challenges and censorship by the regime and foreign powers.
- 53:36The goal is to depict how Bitcoin serves as a tool for
- 53:39protecting freedoms and preserving value in a complex
- 53:43economic and political context. My goal goes on to say, quote My
- 53:48goal is not to assess the justifications for international
- 53:51sanctions, but to provide you with a more precise insight into
- 53:56the daily life of Iranians in an economic context.
- 53:59Under embargo and geopolitical influences.
- 54:03Quote, we don't even have access to the global financial system,
- 54:06and many everyday routines that young people and wealthy
- 54:09countries take for granted are inaccessible to us.
- 54:12For instance, our access to Spotify is limited.
- 54:16Many might find this amusing, but we are fighting two enemies,
- 54:20The internal enemy, which has imposed numerous restrictions on
- 54:24us and deprived deprived us of our freedom, and the foreign
- 54:28enemy whose sanctions have directly affected the lives of
- 54:31ordinary people. It may be hard to believe, but
- 54:34having access to free Internet has become a major goal for us.
- 54:39Now it's interesting that they mentioned enemy twice.
- 54:46They mentioned the foreign enemy and they mentioned the internal
- 54:49enemy. Do you think that the average
- 54:54everyday person here in the US cares about whether the average
- 55:01everyday person in Iran has access to Spotify, has the
- 55:06ability to have a bank account or not?
- 55:10I would even go on a brand. I would even go on a limb and
- 55:12say I think most people would want the average everyday person
- 55:16in Iran to have access to those things.
- 55:21But when they're talking about internal and external enemy,
- 55:24they're talking about governments.
- 55:29That's what they're talking about.
- 55:31And this is what the separation of money in state is all about,
- 55:36is what is the role of government in your life?
- 55:42Has it made your life better, like what Naim Bukele is doing
- 55:45in El Salvador, which I think is what the actual role of
- 55:48government is? Or is it trying to enslave you
- 55:52to benefit a few at the top, which I think really is what's
- 55:59in the process of what's happening here in the United
- 56:01States? And then how do you fix this
- 56:06issue? Well, you metaphorically attack
- 56:11the root cause of all of this, which is the mechanism of which
- 56:16they they fund all of this stuff in the 1st place, the endless
- 56:20wars and all of that. The money printer.
- 56:25This is what the separation of money in state is all about.
- 56:28If you take away their ability to print money out of thin air,
- 56:34and they could only pay for things via the revenue that they
- 56:38raise through direct taxation, all of a sudden those
- 56:45politicians that don't really care what you have to say, all
- 56:48of a sudden they're going to start caring a lot more because
- 56:52you're their source of revenue. But as long as the money printer
- 56:55exists, they don't have an incentive to care.
- 57:01Why would they? And then this leads me to my
- 57:04final point. Things don't change when
- 57:08governments realize they can't stop Bitcoin.
- 57:12Things change when the populist realize that their government
- 57:16can't stop Bitcoin. So I'll pass it back on to you
- 57:22guys. Don't ask what Bitcoin could do
- 57:26for you. Ask what you can do for Bitcoin
- 57:31and get yourself in the game. Take self custody.
- 57:34Get the people around you to take self custody.
- 57:36And that's how things will change.
- 57:38Like yes, we all want number to go up.
- 57:41Yes, we all want to get wealthy. I think, you know, I think it's
- 57:45naive to say that we don't. But there's something much
- 57:49bigger at play here. There's a revolution happening
- 57:53and you can either choose to ignore it or you can choose to
- 57:57be a part of it. And the crazy part about the
- 57:59Bitcoin revolution, the crazy part about, you know, the
- 58:02separation of money and state, unlike the separation of church
- 58:05and state and all those things that came before it is that this
- 58:08doesn't this doesn't have to be a kinetic, violent thing.
- 58:12All it all that is required is used to say like look like your
- 58:16dollars are cool and all and stuff, but I would prefer to use
- 58:21the money that doesn't steal from me and I would prefer to
- 58:24use the money that I have complete control over.
- 58:26Full stop. Right.
- 58:28So shout out to Elon for taking a stance in Brazil and shout out
- 58:34for him taking a stance with you know, with this whole freedom
- 58:38movement on Twitter and making about free speech.
- 58:43But also shame on Elon Musk for not adopting the right tools to
- 58:49ensure that if he fails as an individual, you know, this this
- 58:55thing keeps rolling on. Because that's what that's what
- 58:58these protocols are all about. That's what Odell pointed out.
- 59:00Like, don't ask permission. Like that's the whole point of
- 59:03it. So you don't have to ask
- 59:05permission. That's the whole point of
- 59:06Bitcoin. You don't have to ask permission
- 59:09and download a node. Get yourself a minor You can
- 59:12take your Bitcoin into cold storage.
- 59:14That's what it's about. Permission list systems, rules
- 59:18without rulers. And if enough people get on this
- 59:22system, then again, that whole model, that whole model of
- 59:27these, you know, these governments and the things that
- 59:29they're doing and the wars and this, all of that goes away.
- 59:34But we have to wake enough people up before that happens
- 59:37anyways. Opti.
- 59:39Yeah, sorry, I was giving someone admin rights right now.
- 59:42Yeah man. First and foremost, like I
- 59:45always say, the more countries or the more institutions attack
- 59:49free speech, the more I know that they're afraid.
- 59:51And we're on the right track. Remember again referencing Mike
- 59:55Benz and and highly recommend you go watch the tower Carlson,
- 59:58Mike Benz interview. The state powers were not ready
- 1:00:02for the rise of social media and now they are clamoring for the
- 1:00:06control of narratives because that's all they really have.
- 1:00:08Remember what? Fiat.
- 1:00:09Literally. Really means.
- 1:00:10It means by decree. So the corporate world, the Fiat
- 1:00:13world, literally means basically listen to what I say because,
- 1:00:16you know, we'll put you in a cage and we got the guys with
- 1:00:19guns. So you're seeing right now in
- 1:00:22real time that the more the powers that be lose control of
- 1:00:26propagating their memes, the more they're going to attack the
- 1:00:30people. Hold on, hold on a second.
- 1:00:31There's someone in the chat saying BTC has no value.
- 1:00:35Do you think Blackbuck is going to bend them?
- 1:00:37OK, what I got to say about this is like, bro, OK, cool, like
- 1:00:40don't buy it then. Like that.
- 1:00:42That's what I got to say. It's like if you think, if you
- 1:00:44think you're right, right. If you think you're right,
- 1:00:46appreciate you tuning into the show and and commenting.
- 1:00:49It helps with engagement. But if you think you're right,
- 1:00:53then OK then don't buy Bitcoin. Just stay on the sidelines and
- 1:00:56let's have a conversation. In five to 10 years, 2017, Larry
- 1:01:01Fink was literally saying that Bitcoin is an index for money
- 1:01:04laundering. Fast forward a couple of years
- 1:01:07later, he's going on national TV saying all the Bitcoin talking
- 1:01:12points. So that's literally him bending
- 1:01:15the knee. So again, if you wanna take your
- 1:01:18stance and say you know this is what is a Bitcoin's just a fart
- 1:01:22in the wind, in the world economy and like whatever.
- 1:01:25Also showing XRP in the chat. Nico, bro.
- 1:01:27No, no. Great, great.
- 1:01:28OK, dude, you you do, you you do you You stick with XRP and your
- 1:01:33shit coin and you do whatever. I'm gonna stick with Bitcoin.
- 1:01:37I'm a freedom, Max. You get to do whatever you'd
- 1:01:39like. Let's have a conversation in
- 1:01:41five years and let's see how that worked out for you,
- 1:01:43brother, OK? That's that's my stance on it,
- 1:01:45Opti. Good.
- 1:01:48I forgot where I was going. So I'll go to my next point.
- 1:01:51What we're seeing though in real time is that trust in
- 1:01:54institutions, trust in legacy corporate media is dwindling.
- 1:02:00I think I just saw a statistic this morning that viewership on
- 1:02:03television, listeners on radio, and also viewership of news in
- 1:02:08itself is at all time lows right now.
- 1:02:11So it just goes to show back to what I was kind of touching on
- 1:02:13before that literally, you know, he's.
- 1:02:16Saying also another thing is like guys like don't like, you
- 1:02:19know, we like don't block people.
- 1:02:21Like let him speak like it's fine.
- 1:02:24Like, let him say his points. Like, look, I'm telling you
- 1:02:27dude, like if you want to, you know, stick on the hill and
- 1:02:33like, like, you want to stick to Black Rock and you say Bitcoin
- 1:02:37is a fart in the ruin of the economy and you want to say all
- 1:02:39these things, dude, like, go for it.
- 1:02:41Like you are perfectly in your right to do whatever you want.
- 1:02:45I don't care. Look, someone's saying XRP doges
- 1:02:48better do it. Go for it.
- 1:02:50He's trolling. He's trolling.
- 1:02:51But what I'm going to tell you from experience is you're going
- 1:02:54to get hashtag wrecked over time.
- 1:02:56That's totally up to you, right? I'm telling you it's it's your
- 1:03:00choice. Like you want to do that to
- 1:03:02yourself. That's fine, right?
- 1:03:04But anyways. Yeah.
- 1:03:06So as I was saying, you know, trust and institution does at an
- 1:03:10all time low is because people, whether they know it inherently
- 1:03:15or whether they know it consciously like most bit
- 1:03:17corners or subconsciously, they're starting to see that
- 1:03:21everything on legacy media is basically propaganda war and
- 1:03:25that legitimacy is starting to dwindle and people are on the
- 1:03:31Fiat side, you know on the the institution side they're
- 1:03:33freaking out. And then people on the flip
- 1:03:36side, they're looking for alternatives and they're
- 1:03:37starting to wake up. They're starting to realize what
- 1:03:40the game is, that the game is rigged and that they need to
- 1:03:43find alternatives. Han Sois, today's theme of the
- 1:03:45show is, is using the freedom protocols because the powers
- 1:03:49that be we're not ready for the for the Internet, the rise of
- 1:03:52social media. They're not ready for Bitcoin.
- 1:03:55Again, governments can't compete on the free market.
- 1:03:58They they always lag. They they just, they literally
- 1:04:01government pretty much make everything worse unless you're
- 1:04:03doing something like Bukele where he's just basically
- 1:04:05securing property rights. And so you know, again
- 1:04:09connecting this with Elon, say what you want about Elon, but he
- 1:04:13has been saying a lot of the things that we were saying.
- 1:04:15You know, Nico brought up that video.
- 1:04:17I'm reminded of the interview he just did with Don Lemon.
- 1:04:20And I thought it was super interesting because he says what
- 1:04:22we say all the time like free speech doesn't matter if you
- 1:04:25don't let people you disagree with speak their minds.
- 1:04:28And historically guys, if you study any bit of history, you'll
- 1:04:32understand that we've seen what happens when free speech gets
- 1:04:35repressed and it doesn't end well for humans.
- 1:04:37It usually ends in a lot of human suffering and death.
- 1:04:41And so I would much rather. What's up?
- 1:04:43Got one quote like I may not agree with what you say, but but
- 1:04:46I'd fight too that the the death to let you speak it.
- 1:04:49You see what happens when the institutions, the ruling power
- 1:04:53at the time, starts to suppress freedom of speech.
- 1:04:57It usually ends in a very bad situation.
- 1:05:01And this is what we're trying to protect here.
- 1:05:02This is why we are such adamant free speech Maxis.
- 1:05:06This is why we're such adamant free market Maxis is because we
- 1:05:09understand that that is how you allow for the most human
- 1:05:12flourishing possible, is for people to basically hate these
- 1:05:17ideas, to have these open discussions and realize who's an
- 1:05:20idiot and who actually is aligning with the reality, with
- 1:05:24with true nature. And this is what we're seeing in
- 1:05:26real time. You know, you guys can say
- 1:05:28whatever you want about Bitcoin, but everyone that I know that
- 1:05:30has adopted a Bitcoin standard for themselves is usually living
- 1:05:34a better life. And This is why, you know, the
- 1:05:36meme of myself of Optimus fields.
- 1:05:38It's like before Bitcoin it was pessimistic fields.
- 1:05:41I didn't see any hope at the end of the tunnel.
- 1:05:43I was nihilistic. I I just, I was just trying to
- 1:05:47get by. Now as a Bitcoin, you can start
- 1:05:49to see the future and realize, oh, my life will get better.
- 1:05:52So if Elon really believes what he's saying and and part of me
- 1:05:57is like I I I seen Elon talk about Bitcoin I think he kind of
- 1:06:01gets it. I think he just likes to troll
- 1:06:03and then I think he is is he just really hates when bit
- 1:06:06corners start yelling at him about Bitcoin and so he probably
- 1:06:09just does it to troll bit corners.
- 1:06:11But I think if Elon did add Bitcoin natively into Twitter
- 1:06:15and added some kind of like Noster ZAP feature, that would
- 1:06:18most likely be the biggest driver of adoption for Bitcoin
- 1:06:21in the world. That would free up capital to
- 1:06:24flow to all individual tools that are using Twitter.
- 1:06:28And if they're providing value, they will get sat in return.
- 1:06:31And this is what we're saying about using the freedom
- 1:06:34protocols because you cannot stop Bitcoin, they can't stop
- 1:06:38the Internet. Yes, they go out and they, you
- 1:06:40know, like the Brazilian government, they try to stop
- 1:06:43Internet, try to stop the free flow of information.
- 1:06:45But truth wants to be set free. So we'll find roundabout ways to
- 1:06:51route around the centralized control mechanisms.
- 1:06:54Bitcoin will always find a way to route around the institutions
- 1:06:58and powers that be, because it's unstoppable, it's decentralized.
- 1:07:01No one can stop Bitcoin. It's literally a feature.
- 1:07:04It is censorship resistant money.
- 1:07:06It's a way to send value to anyone at any time, for whatever
- 1:07:11reason you want to. And no one can stop that.
- 1:07:14And that's the beauty of what Bitcoin is doing.
- 1:07:17And then Nico, while you were talking, I sat there this
- 1:07:20morning and was reading Balaji's Twitter, you know, say what you
- 1:07:23want about Balaji, but he's having very good commentary on
- 1:07:27Twitter recently. And I really like this and it
- 1:07:29and it it circles back into what you've been saying today and
- 1:07:32this is a great tweet by Balaji. Here, let me pull this up.
- 1:07:35And he goes the Latin American Lee Kuan Yew who was the 1st
- 1:07:39Prime Minister of Singapore, goes President.
- 1:07:41Bukele's recipe for success is simple low crime, hard currency,
- 1:07:45great aesthetics and top talent. He built his state capacity from
- 1:07:49scratch and is now a role model for the ascending world.
- 1:07:52This is the American president I respect and it kind of goes to
- 1:07:56something that Nico and I say all the time here, is that the
- 1:08:00Bitcoin is proliferating the American ideals for every
- 1:08:05citizen on planet Earth. And all they have to do is opt
- 1:08:09out of their nation state and join the global revolution that
- 1:08:13is happening on the Internet. And this is what Bitcoin allows
- 1:08:16for everyone. And it's just it's beautiful to
- 1:08:19be a part of. And you know, I, I, I love all
- 1:08:21the haters that say, you know, Bitcoin has no value.
- 1:08:25You know, whatever the power that bees can shut down Bitcoin,
- 1:08:28it's been running 15 years strong trying to try to stop
- 1:08:30Bitcoin. It can't.
- 1:08:32Now we'll go after the big bosses, which are the US trying
- 1:08:35to stop Bitcoin and the Bank of International Settlements trying
- 1:08:38to stop Bitcoin. But literally by its design, it
- 1:08:41cannot be stopped because every one of us was taking Bitcoin
- 1:08:44into custody running nodes, or at least a small majority or a
- 1:08:48small minority of us are running the nodes.
- 1:08:50But what what? I forget about the number, but
- 1:08:53like 70% plus of all Bitcoin as of this point are in cold
- 1:08:58storage. So it's outside of the
- 1:09:00centralized attack vectors and it's just beautiful to see.
- 1:09:04As Bitcoin starts to break into the six number figures, it's
- 1:09:09really going to take on a life of its own.
- 1:09:11And I'm reminded of what Marty Bent was telling us last week.
- 1:09:14You know, Bitcoin is the 5th largest base money in the world,
- 1:09:17and it's barely past a trillion dollar market cap right now.
- 1:09:21It's like I I love when when people say they don't like
- 1:09:25Bitcoin, it's not real, has no value.
- 1:09:27And I'm like man, you know, humans act purposely and we are
- 1:09:34trading our time and our energy for Bitcoin because we see value
- 1:09:38in something that is censorship resistance, that cannot be
- 1:09:41stopped, that has 10 minute final settlement and you know
- 1:09:45you'll get Bitcoin at the price that you deserve.
- 1:09:46So hopefully you protect yourselves, your friends and
- 1:09:49your family and you stack Bitcoin and you try to spread
- 1:09:51the Bitcoin memes so that they wake up out of the matrix, out
- 1:09:54of being cattle or chattel rather, and free themselves by
- 1:09:58just saving them Bitcoin. It's super easy.
- 1:10:00Amen to that guys. Also for the mods in the chat,
- 1:10:03could you please re enable JS? Yes I know he he has differences
- 1:10:09of opinion. He believes XRP is the way.
- 1:10:13OK, bro. I mean like you know, like like
- 1:10:17like let's let the free market decide.
- 1:10:20Like, you know, like put your money where your.
- 1:10:21Mouth is. I usually only delete spam
- 1:10:24comments, but hey, when they're misguided, it's an opportunity
- 1:10:27to teach them. Guys like look like he believes,
- 1:10:30he knows what's up. We believe we know what's up.
- 1:10:32Like let you know, let the free market decide what's up, right.
- 1:10:36Like, you know, so like if it's spam, like, OK, you know, but I
- 1:10:41just, I I kind of went through all his comments and yeah, like
- 1:10:45obviously, you know, he feels differently than we do and
- 1:10:47that's totally OK, right. Anyways, I do want to give a
- 1:10:51very, very special shout out to and you know, of course, like as
- 1:10:56a bitcoiner, like I'm going to, I feel like he's going to have
- 1:10:58fun staying poor. But like that's totally, you
- 1:11:00know, like that's up to him. That's his, you know.
- 1:11:03That's his prerogative. Yeah, as Roman says, we got to
- 1:11:05farm the comments. All engagement is good
- 1:11:07engagement. No, I'm serious.
- 1:11:09Like dude like look if if if you truly, after all that's been the
- 1:11:13vast majority of XRP is held by XRP, it's held by Ripple.
- 1:11:17It's not a decentralized protocol like it.
- 1:11:19It like if and again not to mention the fact that it still
- 1:11:22hasn't made an all time high against Bitcoin.
- 1:11:25It's made maybe I think it's all.
- 1:11:26I don't even think it's made an all time high in dollar terms
- 1:11:28either, right? So I mean if you wanna go down
- 1:11:31with the ship, that's totally your prerogative.
- 1:11:33What we're saying is stay humble, stack Sats, enjoy NGU
- 1:11:37technology, but if you don't wanna do that, all right bro, so
- 1:11:40be it. Anyways, I do wanna give a shout
- 1:11:42out to the second layer of Bitcoin, the social layer of
- 1:11:46Bitcoin. And of course I'm talking about
- 1:11:48the orange Palap stack friends who stack Sats.
- 1:11:51Bitcoiners are gonna be some of the most influential and
- 1:11:54powerful people in the next 5 to 10 years.
- 1:11:58As number go up, technology does its thing.
- 1:12:01It's probably a good idea to grow that bitcoiner rolodex of
- 1:12:05yours and also if you're in a new city and you don't know
- 1:12:09anyone around, the Orange Pull app is for you.
- 1:12:11It's a perfect tool. You could pull up the Orange
- 1:12:13Pull app, it tells you bitcoiners around you to meet
- 1:12:16up. It's also the number one
- 1:12:18resource for creating Bitcoin only events and they have this
- 1:12:22really clever filtration system so that there's no alt coiners
- 1:12:26or spammers on the platform. So I highly recommend the Orange
- 1:12:30Pull app. Opti and I are there.
- 1:12:31There's a simply Bitcoin group chat in there as well.
- 1:12:34If you want to reach Opti and I very, very quickly, you can join
- 1:12:37it. I'm an advisor.
- 1:12:38Highly recommend the orange pull up guys.
- 1:12:40You can scan the QR code or you can check the link in the video
- 1:12:44description and download the orange pull up today.
- 1:12:46All right everybody, let's get to the culture.
- 1:12:48We have a lot to talk about. The Daily Culture.
- 1:13:00All right, I do also want to give a shout out to our sponsor
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- 1:13:41racks. All right, Opti, So let's let's
- 1:13:45have like a little like a discussion.
- 1:13:47Let's zoom it out a little bit and let's talk about our
- 1:13:50adventures in El Salvador. But first, I think you should
- 1:13:52show everybody the world that you won.
- 1:13:56You have it with you. Yeah, I got it right here.
- 1:13:59All right, all right, guys. So apparently I won an award at
- 1:14:04the having party and I'll show it here, here, full screen
- 1:14:08meeting, Nico. And so for you guys that didn't
- 1:14:12see on Twitter, I won. I forget what the official title
- 1:14:15was, but the title award that I won was most rejected by Miss El
- 1:14:20Salvador. So you know, hey, shooter's
- 1:14:22going to shoot. It is what it is boys.
- 1:14:24Anyways, I won this Bitcoin boxing vinyl with Dori Nakamoto
- 1:14:30on it. Absolutely love it.
- 1:14:31And you guys could see here rejected by Miss El Salvador,
- 1:14:34Miss Bitcoin. It's got a name Alejandra, and
- 1:14:36it goes 956555 rejected at block height of 837,925.
- 1:14:43And then it says don't call me with a little hard emoji.
- 1:14:46Yeah, so apparently I won an award.
- 1:14:50Boys, this is what happens when you go hang out with the meme
- 1:14:53factor. They troll you.
- 1:14:55But yeah, you know, I miss El Salvador's lovely.
- 1:14:57It's great. It's all in good fun.
- 1:15:01Had a blast. I enjoyed El Salvador.
- 1:15:03How does it feel, you know? By central bankers now misses
- 1:15:09well. You know, I think to be fair,
- 1:15:11the central bankers loved me since I had an ex-girlfriend by
- 1:15:15the name of Christine Lagarde. But apparently, you know, the
- 1:15:18the young women don't like me. So hey, you know, you you gotta
- 1:15:22you gotta get in where you fit in, Nico.
- 1:15:23You gotta get in where you fill in.
- 1:15:25So it is what it is. Good.
- 1:15:27That was good. It's all in good fun.
- 1:15:29You know, again, you know, my ego can only take so much.
- 1:15:31Nico, let's let's move on to the next topic here and well dude,
- 1:15:36like you're only. For the stars, central bankers.
- 1:15:39Mrs. El Salvador. You know, like we got MJ Mack
- 1:15:43from Axis. Classic.
- 1:15:45Man, you pulled it away. My bad.
- 1:15:47My dad. All good.
- 1:15:47All good. Right here.
- 1:15:48Classic Manly to get rejected. Take a shot.
- 1:15:51I'm the wing. Rest of Bitcoin.
- 1:15:53Can't make shots unless you take shots.
- 1:15:55Okay. So anyway, he says Opti's award
- 1:15:59is awesome. Great gift.
- 1:16:01Yeah. OK, So I do want to kind of do
- 1:16:04like a debrief of El Salvador, OK?
- 1:16:08And it's great. I'm really happy that we covered
- 1:16:13the the news from Brazil because it like offers a Matthew Jay
- 1:16:18simply rejected. I'm glad that we covered the
- 1:16:22news from Brazil because it offers like a like a you know,
- 1:16:26compare and contrast type of thing.
- 1:16:29So here's Naim Bukele and he says we're offering 5000 free
- 1:16:33passports, equivalent to $5 billion in our passport program,
- 1:16:37to highly skilled scientists, engineers, doctors, artists and
- 1:16:41philosophers from abroad. This represents less than .1% of
- 1:16:44our population, so granting them full citizen status, including
- 1:16:48voting rights, pose no issue. Despite the small number, their
- 1:16:52contributions will have a huge impact on our society, the
- 1:16:55future of our country. Plus, we will facilitate the
- 1:16:57relocation by ensuring 0% taxes and tariffs on moving families
- 1:17:01and assets. This includes commercial value
- 1:17:03items like equipment, software and intellectual property.
- 1:17:06Stay tuned for more details. I mean, look, I felt this on the
- 1:17:11ground as soon as I landed. There's a couple things that I
- 1:17:14wanted to verify. So one of the rumors was that
- 1:17:17you can pay for the immigration fee in Bitcoin.
- 1:17:21Not only could you pay it in Bitcoin, I paid my immigration
- 1:17:24fee was like $12.00. I paid for it in lightning.
- 1:17:26OK, so that was the first thing. Second thing is when I got side
- 1:17:30of outside of immigration, I started talking to people like
- 1:17:33crazy, like I'm bilingual. So you know, just starting
- 1:17:36starting conversations in Spanish, talking to people and I
- 1:17:39wanted to get a sense of #1, do people like Naimbu Kele or not?
- 1:17:45I didn't run into one person that talked.
- 1:17:47I'll of him. They all like Naimbu Kele and
- 1:17:50they liked him for security. They're like look like things
- 1:17:54were a disaster before he's brought security.
- 1:17:57Therefore I feel safe when I go outside.
- 1:17:59I'm able to run my business. Property rights are protected.
- 1:18:05Before it was essentially everything was controlled by
- 1:18:07gangs. Now on to the topic of Bitcoin.
- 1:18:11I'll be honest with you, the vast majority of people, El
- 1:18:15Salvadorians, the ones that I spoke to, like the everyday
- 1:18:18person, they're not really using Bitcoin.
- 1:18:20They're using, they're using dollars, like actually in cash,
- 1:18:26not even card. That's still like the thing that
- 1:18:30most people are using, I think. And and I had a pretty long
- 1:18:34conversation with with my Uber driver from the airport to my
- 1:18:37hotel and it's about like a 45 minute drive.
- 1:18:39I was like, why do you think that is?
- 1:18:41And he's like because of the volatility.
- 1:18:43He's like people get scared of the volatility and then, but
- 1:18:45it's really interesting because at the end he was like, yeah,
- 1:18:47but I started buying some because I saw a number go up and
- 1:18:51you know, I'm starting to experience it, but people got a
- 1:18:53little bit worried initially. Now that being said, at the
- 1:18:57resort that the having party was at the ME and Opti stayed at, I
- 1:19:03was able to pay. When I had to pay, I was able to
- 1:19:06pay for things in Lightning. They have like a little Chivo
- 1:19:08thing that you pull up and pulls up a lightning thing.
- 1:19:13Works every time, extremely quickly at the auction dinner
- 1:19:18that I was at with Max Stacy Lena Sish.
- 1:19:21And that's so funny, Bitcoin. An actual vinyl.
- 1:19:25It's an actual vinyl anyways. Keep going, Nika.
- 1:19:27With Lena Sish BTC Sessions, Max Stacy, Mike Germano was there
- 1:19:33from Bitcoin Magazine. I when you when we were paying
- 1:19:39for drinks. Guess what you could pay in
- 1:19:41lightning. So in terms of being able to pay
- 1:19:44for things and like the more kind of established places you
- 1:19:50can pay in Bitcoin, it's so cool.
- 1:19:52Not only can you pay in Bitcoin, you can pay in lightning.
- 1:19:54Like it is cool, super cool. Like I it's, I really like that
- 1:19:58a lot. Like it was surreal, like I
- 1:20:01couldn't believe it, right. You didn't have to go through
- 1:20:03this like conversion of like oh, I need dollars and I need this,
- 1:20:06I need that. But in terms of the the populace
- 1:20:10adopting it, not so far. I think it has to do mostly with
- 1:20:13the volatility. And I think it also has to do
- 1:20:16with the fact that the fact that this is a multi generational
- 1:20:21thing, like most people in Latin America, you're aiming to get
- 1:20:26dollars right like this. It's like the dollars are gold
- 1:20:29there. Like, people look up to that,
- 1:20:30right? And I think it's gonna take some
- 1:20:32time before people start to realize that Bitcoin is superior
- 1:20:37to dollars. And I think that's an
- 1:20:38educational thing. That's what meat premed Bitcoin
- 1:20:41is doing, by the way. They're teaching the next
- 1:20:43generation on how to use Bitcoin, how to custody Bitcoin.
- 1:20:48Obviously the dollars had a huge head start in this specific
- 1:20:52situation. Now on to the energy, the vibes
- 1:20:56of the place I've lived in, I've I've lived and I've spent
- 1:20:59considerable amount of time in multiple countries all around
- 1:21:02Latin America. The vibes were great, great
- 1:21:07energy. The people were respectful.
- 1:21:10The people were nice. The people were extremely
- 1:21:16generous. I remember one of the first days
- 1:21:19that I was there, my, like, my shoe broke, right?
- 1:21:23So I literally, I had to go get super glue.
- 1:21:26And I remember I went to the downstairs, I went to the hotel
- 1:21:28lobby and I said, hey, do you guys have super glue?
- 1:21:30And they said, no. But there's a store, like,
- 1:21:33there's a little bodega around the corner that you can find, go
- 1:21:35get super glue. Couldn't find it.
- 1:21:37So I got an Uber, got an Uber, and I said, hey, could you take
- 1:21:40me to get super glue? And he's like, yeah, sure.
- 1:21:41I think I know a place. We stopped in a little bodega on
- 1:21:45the side of the road and I went to when I'm like, kid, you have
- 1:21:48super glue. He gives me the Super glue and
- 1:21:50I'm like, do you take card? He's like, no, he's like, I'm
- 1:21:52like, do you take Bitcoin? He's like, no, I kid you not.
- 1:21:55The person next to me pulled out like 1/4 or a dollar out of his
- 1:22:00pocket and he paid for me. I'm a total stranger.
- 1:22:04That doesn't happen. That's that that's like not like
- 1:22:07a normal occurrence, right. So this is what I mean by energy
- 1:22:11and vibe. The energy is there.
- 1:22:13The vibe is there. The optimism is there.
- 1:22:16It is a country that survived a 30 year civil war.
- 1:22:21People are sick and tired of the violence and the bullshit and
- 1:22:25they're ready to move on. And this is what Nayeem Bukele
- 1:22:29and his government, this is what they're doing.
- 1:22:32I felt it. I see it and I think it's an
- 1:22:36inspiration for the countries in that region to follow in his
- 1:22:40footsteps because what he's doing there is great work, it's
- 1:22:46amazing work. Now all of that being said,
- 1:22:50there's a couple things. So thing number one is it's
- 1:22:53still a developing country without it's still developing
- 1:22:56country. If you get out of San Salvador,
- 1:23:00it's it's very rural, it's still developing, the roads are paved,
- 1:23:04right. But you can, you could tell that
- 1:23:06you are in a developing country if you guys never been, you got,
- 1:23:09if you guys have been to a developing country.
- 1:23:10You guys know what I'm talking about.
- 1:23:12However, there are very nice cars driving around, which is
- 1:23:16something that you don't see if a country is unsafe.
- 1:23:19So what do I mean by that? You'll see Mercedes, you'll see
- 1:23:22BMWs, I saw a Porsche Macon. So again I think we have a
- 1:23:27Doctor Albert in the chat. Yeah.
- 1:23:29So in the way from San Salvador to to the having party, the
- 1:23:35resort of the having party, we had to, we had to take like a
- 1:23:41road trip. It was like an hour and 35
- 1:23:43minutes, 40 minutes. We went with Doctor Albert who
- 1:23:46was on the show with us on, I believe on the Wednesday show
- 1:23:50with my wife with Sophie, and I asked him to give me a ride
- 1:23:52after the show. So we all kind of got into this
- 1:23:55like small little car. We all managed to fit, which is
- 1:23:59the good news. I didn't know if we were going
- 1:24:00to fit. And we went on an adventure and
- 1:24:05we literally just drove through the streets of San Salvador.
- 1:24:08And then we went to the rural areas on the way to the hotel.
- 1:24:12What happened? What was though, is that Doctor
- 1:24:14Albert, we just all forgot to put gas in the car.
- 1:24:19So it looks like we are going to run out of gas.
- 1:24:21And we started Googling Google mapping.
- 1:24:23Oh, another thing is that the whole country has service.
- 1:24:26So you can literally like go on your phone, you can text.
- 1:24:30That's another thing that sometimes that does.
- 1:24:32Sometimes that's not the case, right.
- 1:24:34So. Well, make up my my plan didn't
- 1:24:37work so I literally had no service, but that's besides the
- 1:24:39point. You got you gotta, you gotta,
- 1:24:41you gotta get on you gotta get on Verizon or AT&T.
- 1:24:43Dude, my my plan didn't work, but whatever.
- 1:24:46Keep going. So, yeah, So we were driving and
- 1:24:48we ran out of gas and we were going to run out of gas and
- 1:24:51there was no, like actual gas stations, but there was like
- 1:24:56these little gas stations that were like on the off roads.
- 1:25:00So what we did was we went on one of the off roads, and it was
- 1:25:03not paved. And we were starting on rocks
- 1:25:05and it was like, whatever. And we went up to this group of
- 1:25:09kids. We pulled down the window and I
- 1:25:10said, hey, guys, is there a gas station?
- 1:25:12They're like, yeah, well, you can get gas.
- 1:25:13It's over there. So we kept driving.
- 1:25:15And there was a kid in a bicycle that actually showed us the way.
- 1:25:18He's like, yeah, just follow me. Look, I'm telling you, usually
- 1:25:22you do not do this. It's a bad idea, right?
- 1:25:26But I but I felt safe. There's something about El
- 1:25:28Salvador that I felt safe while I was there.
- 1:25:30I never felt unsafe. That's usually not the case in a
- 1:25:35lot of these countries. And it's a feeling that comes.
- 1:25:40It's an innate feeling. It's a feeling that comes.
- 1:25:43There's a part of you that's like something is off here and
- 1:25:47you know that you're in a in a not a good situation.
- 1:25:51I never got that feeling one time, right?
- 1:25:55So we follow, you know, this kid on a bike and he takes us up
- 1:25:58this path and, you know, this is kind of like this rock road to
- 1:26:03like this little house. And we pull up and it's like a
- 1:26:05little store. And we ask the person, do you
- 1:26:08sell gas? And the guy's like, yeah.
- 1:26:11So you know, they get a funnel and it's not like a little hose
- 1:26:14with the gas station. Little gets a funnel.
- 1:26:16And he's like, how many gallons do you want?
- 1:26:18We're like 2 gallons. So he fills up those, like,
- 1:26:20water, gallon jug things. And he literally takes the
- 1:26:23gallon, jug things, puts it in the funnel and puts gas in the
- 1:26:27car like the old fashioned way, right.
- 1:26:30The gas is purple. I don't know if gas is supposed
- 1:26:32to be purple. We didn't know if it was gas.
- 1:26:34Maybe it's like a mixture of things, many ways.
- 1:26:36The point being is that in any other country, in any other
- 1:26:39country, I would, if I would have done this, I would have
- 1:26:42felt unsafe the entire time. I would have been like,
- 1:26:44actually, let's let's not do this.
- 1:26:47That wasn't the case at all in El Salvador.
- 1:26:50And I think that's a testament to not only Naimbu Kele's
- 1:26:54government, but also what is actually happening there on an
- 1:27:00energy level, on a social level, on a spiritual level.
- 1:27:04I'm going to go there because I felt it.
- 1:27:06I felt it when I was there. There's something special
- 1:27:10happening in El Salvador. And I think you're really going
- 1:27:13to start to see the results of this in the next 5 to 10 years.
- 1:27:18So that is my El Salvador debrief.
- 1:27:20That's my experience. I'm definitely going to go back,
- 1:27:23especially San Salvador. I really kind of, I just, I want
- 1:27:26to go there. I want to see what's happening,
- 1:27:29but there's something special happening and I don't think it's
- 1:27:32a coincidence that again, Naimbu Kele is the most popular
- 1:27:37president in the Americas and also that El Salvador made
- 1:27:41Bitcoin legal tender. I don't think that those things
- 1:27:44are a coincidence. I think that they that there is
- 1:27:48some type of relation, but that's my that's my debrief.
- 1:27:52Anyways, Opti, we are running extremely fucking long today.
- 1:27:54I just want to just chime in on, you know, one thing and then and
- 1:27:58really just give a shout out to the meme factory.
- 1:28:00But to Nikos point, you know, I went down to El Zante I believe
- 1:28:03mid 2022 and I didn't actually get a chance to get into El
- 1:28:08Zante again this time because I got in Wednesday night and left
- 1:28:11Saturday morning really early. But from what I saw from the
- 1:28:15videos and the stories that I heard, it's improved so much,
- 1:28:19like paved all the streets the the city seems to be busting.
- 1:28:22It's like a small village, you know, it's like a little small
- 1:28:25fishing village and everyone's telling me he's like, man, dude,
- 1:28:28the pay, the streets are paved and I remember when I was there
- 1:28:30a few years ago, they were just starting to get the roads paved.
- 1:28:33Most of the roads were dirt roads.
- 1:28:35And this time around, from the videos that I saw again, I
- 1:28:38wasn't able to fully verify this, but from I watched one of
- 1:28:41Eric Stack's videos, the roads were paved.
- 1:28:43It's like brand new roads. And the the conversations that
- 1:28:48Nico and I were having with people that you know are part of
- 1:28:50the Bitcoin world, but also are are living in El Salvador and
- 1:28:54they're El Salvadorians. The the amount of safety that
- 1:28:58they were telling us, some of the stories they were telling
- 1:29:00us, we were, it was blowing our minds of just like how bad it
- 1:29:04really was. And they're like, man, like I
- 1:29:05love my country. It's improving so much on
- 1:29:08relative terms. What El Salvador is doing is
- 1:29:12absolutely incredible. Of course, as we're mentioning,
- 1:29:15it does have a long way to go, but still what it's been about
- 1:29:18two years and they have significantly improved their
- 1:29:22country. And really one of the the main
- 1:29:25things that we were getting is guys, if you really understand
- 1:29:28how small of a country El Salvador is, it's absolutely
- 1:29:32incredible that the powers that be throw so much shade at El
- 1:29:35Salvador. Because like if you really think
- 1:29:39about it in terms of like how big the country is, how many
- 1:29:43people there their GDP, no western country in the world
- 1:29:47should ever be saying anything about Bitcoin or rather about El
- 1:29:50Salvador. Because it's it's basically like
- 1:29:53a non existent country in in the grand scheme of things.
- 1:29:57And the amount of hate and vitriol that they're getting
- 1:29:59just goes to show that they're absolutely terrified of what is
- 1:30:02happening in El Salvador. And that just makes me hopeful
- 1:30:06for what is happening in El Salvador and I just can't wait
- 1:30:09to keep going back and seeing how the country has improved.
- 1:30:12And then on the last point, I just want to give a big shout
- 1:30:14out to the meme factory guys. Shout out to Big Sean and Greg,
- 1:30:17Zoj and rope all the guys that put in Dragon for holding the
- 1:30:21conference. Like I I was joking that we got
- 1:30:24rug pulled on it being just a party, but it actually felt like
- 1:30:28a legitimate conference and it was absolutely great.
- 1:30:31And also on that last point, shouts out to everyone down
- 1:30:35there that was giving us love because it means a lot.
- 1:30:37We were asking you guys, you know, what do you guys like
- 1:30:39about the show so that we can basically make a better product
- 1:30:42for you? And so many people are just
- 1:30:44like, man, keep doing what you guys are doing.
- 1:30:46I absolutely love you guys. I'm watching from literally all
- 1:30:49around the world. You guys get me through the
- 1:30:51morning. You guys have helped me stack
- 1:30:52more Bitcoin. It's like I love the energy Opti
- 1:30:55keep it up. You guys are killing it.
- 1:30:57And man, so many good gifts like check this out, you know, shout
- 1:31:00out to the Viva Bitcoin guys. They gave me a soccer jersey
- 1:31:03with simply Bitcoin on it. You know, Satoshi 21 on the
- 1:31:06back, just so much love, man. And This is why you go to these
- 1:31:09conferences. This is why you make these Mecas
- 1:31:12to go hang out with people. Because you realize that you're
- 1:31:14not alone, that people enjoy the things that you're doing, that
- 1:31:18you are actively having an impact on people's lives, and
- 1:31:21that this Bitcoin thing is, is bringing people together.
- 1:31:24And that's the most powerful part about this.
- 1:31:26It's so awesome to hang out with Bitcoiners and and just connect
- 1:31:30with people and be like, all right man, we're not alone,
- 1:31:33we're winning. We're going to continue to win.
- 1:31:35And you know, again, shouts out the Big Sean for getting us all
- 1:31:39down to El Salvador. They got what, like 600 people
- 1:31:42down to El Salvador. It was a great time, you know,
- 1:31:46shouts out to get trolled from the mean factory.
- 1:31:49This is why we do it, man. This is why we do what we do.
- 1:31:52And This is why we know Bitcoin is going to change the world,
- 1:31:55because it's done it on an individual level for every
- 1:31:57single one of us. And it's connecting worlds
- 1:32:00together. Like again, last thing shouts
- 1:32:02out the rope. He's like, man, I would have
- 1:32:04never thought that I'd have friends all around the world.
- 1:32:07You know, I'm, I'm from the sticks of Alabama and now I have
- 1:32:09friends from all around the world.
- 1:32:11And I say that all the time when I go hang out with bitcoins.
- 1:32:14It's just amazing that, you know, Nico and I can talk into
- 1:32:17the computer and we have friends and I would say at times family
- 1:32:22all around the world watching what we're doing and just
- 1:32:25doubling down on the positivity and the hopefulness and the
- 1:32:29optimism. Guys, we're changing things in
- 1:32:31real time. Yes, it might not happen as
- 1:32:33quickly as you would think it would, but it's happening and
- 1:32:36it's way faster than even we can imagine.
- 1:32:38So shouts out to the mean factor we're putting on the having
- 1:32:41party shouts at the Buchelle for changing El Salvador and shouts
- 1:32:44out to every single person that we had conversations with really
- 1:32:47means a lot guys. Yeah, 100%.
- 1:32:49By the way Opti, I don't know if I told you, but I a very, very
- 1:32:52nice necklace that I am going to give to Sophia and yeah, so
- 1:32:59shout out Elaine it was great to meet you in person and you know
- 1:33:04it was, it was a really, really enjoyed, enjoyed our chat in the
- 1:33:07in the like main conference hall.
- 1:33:10So yeah, really really enjoyed seeing a lot of you guys in the
- 1:33:13flesh in person. That was essentially our
- 1:33:16experience at the having party and you know, congratulations
- 1:33:20Opti, for winning an award. And you know, it was a great
- 1:33:24time. Shout out to the Mean Factory
- 1:33:25for having us, for letting us stream in their like
- 1:33:30introduction hall, 'cause they did another stream in like the
- 1:33:33check in hall, which was really, really nice of them.
- 1:33:35So yeah, shout out to Big Sean. Got to meet Yellow in person as
- 1:33:39well. That was awesome and yeah guys.
- 1:33:42So we appreciate you all guys. I know today's show was a little
- 1:33:45bit long but we had a lot to cover a little having party
- 1:33:48recap. We still didn't get to the memes
- 1:33:51but we'll we'll bring them back tomorrow.
- 1:33:53We'll have a Tuesday meme review and you know we we we definitely
- 1:33:57got to change that we we we definitely have to change those
- 1:33:59graphics though Opti. So yeah, yeah, we need selfie to
- 1:34:02record. Anyways, I want to give some
- 1:34:03horns for. The having party.
- 1:34:05And for El Salvador, we gotcha. I've got a question from Pravin
- 1:34:13says do do you Uber from Sunstar roads or something?
- 1:34:15Yes, you can Uber from anywhere. They have Uber everywhere.
- 1:34:18It shouts out the bit driver though.
- 1:34:20Real legend out there, bit driver too.
- 1:34:22So. Anyways, we love you all, guys.
- 1:34:24We. Appreciate everyone UTXO simply
- 1:34:27double ride. We'll bring back the memes
- 1:34:29tomorrow. Anyways guys, we love you.
- 1:34:31We appreciate you if you guys enjoyed the show you don't to do
- 1:34:33smash like button. Consider subscribing if you feel
- 1:34:35like we provided you value. But the number one thing you
- 1:34:38could do to help push the peaceful bit solution is share
- 1:34:40this content. In fact, share all Bitcoin
- 1:34:42content. That's how we win.
- 1:34:44Get the message out there. Bitcoin is a great unifier.
- 1:34:47Let's you know, let's let's bring the world together with
- 1:34:50Bitcoin instead of dividing the world through Fiat.
- 1:34:54Anyways, love you all, we'll see you tomorrow for brand new
- 1:34:56episode of Simply Bitcoin Live. It was brought to you by
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- 1:35:05On a mission to enable financial independence.