Latest / Simply Bitcoin / The IMF ADMITS Bitcoin is Better Money | EP 975

Transcript

The IMF ADMITS Bitcoin is Better Money | EP 975 · Simply Bitcoin

• 0:03
  It's. All going to zero against
• 0:05
  Bitcoin. It's going up forever.
• 0:15
  You're against Bitcoin, You're against freedom.
• 0:23
  Yeah. Welcome to another episode of
• 0:24
  Simply Bitcoin Live. We're number one source for the
• 0:26
  peaceful Bitcoin Revolution Cup breaking news culture.
• 0:29
  Matic Warfare will be your guide through the separation of money
• 0:31
  and state. Ladies and gentlemen, welcome to
• 0:33
  Simply Bitcoin, the most watched daily Bitcoin live show on
• 0:35
  YouTube, Rumble and X the IMF said the quiet part out loud.
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  They said that Bitcoin is better for cross-border payments, which
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  is something that's incredibly obvious to us.
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  It has been incredibly obvious to us for quite a long time.
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  However, the signal is who it's coming from.
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  Now to be fair, this was a research paper coming from the
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  IMF. That doesn't mean doesn't
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  represent that the IMF feels this way.
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  But we are making progress because this is the same IMF
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  that criticized El Salvador for the Bitcoin law.
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  This is the same IMF that gave a condition to the Argentine
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  government. When they asked for another
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  loan, they said hey, we'll give you another loan as long as you
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  deincentivize the adoption of Bitcoin within the country.
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  But here you are, here we are in the movie where they finally
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  release a paper and say hey you know what?
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  You know for for cross-border payments specifically, Bitcoin
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  is better money. And then we'll get into like the
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  conversation of what is money in the 1st place.
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  Because in the actual definition of money and in in money's
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  actual functionality, like money isn't supposed to be political
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  in the sense that it's never worked.
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  Like this is like a a very recent occurrence.
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  I would say in human history. I would say in the last really
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  like 5050 years or so, really since the inception of the Bank
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  Secrecy Act in 1970, that government has the ability to
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  kind of censor certain transactions.
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  And the US sanction policy, which we're going to talk about
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  today as well, kind of creates a situation where there's a
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  bureaucratic elite in Washington, DC, part of the
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  administrative state. They are unelected in the sense
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  that regardless of whatever political party wins in the
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  election, they kind of stay in power.
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  And this sanction policy gets to dictate who can and who cannot
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  use the US dollar. So if you're Cuba, if you're
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  Venezuela, if you're Iran, now the idea behind it is to punish
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  the governments of those countries and for those
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  countries to eventually have a regime change because they can't
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  use the US dollar. But what actually happens in
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  actuality is that the people of those countries get hurt the
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  most. So if you're a Cuban citizen, if
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  you're a Venezuelan citizen, if you're Iranian citizens, and I'm
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  sure there's other countries as well, it's very difficult for
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  you to open a bank account. And it creates kind of like this
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  class system where depending on where you happen to be born, you
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  can or cannot have a bank account.
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  And that's in stark contrast to how Bitcoin functions.
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  Where doesn't Bitcoin doesn't care.
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  You can just download a Bitcoin wallet and all of a sudden
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  you're ready to receive Bitcoin. You're ready to transact with
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  the with the global economy. And this is what they're
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  fighting against. Like anytime that you know you,
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  you hear arguments against Bitcoin and you hear arguments
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  against Bitcoin being money, or you hear arguments against
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  Bitcoin being used for transactions, Like that's what
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  you're arguing against. Your arguments, You're arguing
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  for a class system. You're arguing for a system
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  where certain people have certain privileges and other
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  people have other privileges, not depending on their merits,
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  but depending on where they happen to be born.
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  And you have absolutely no control over that.
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  And I I don't really think a lot of people would be OK with that
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  if they were fully informed on the matter.
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  So we're going to cover the IMF news today as well.
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  We got a comment yesterday in response to our episode, by the
• 4:24
  way. We really appreciated the
• 4:25
  feedback and we went a little bit down the geopolitical
• 4:28
  conversation yesterday, but we got a comment basically they
• 4:33
  were really interesting. So we're going to respond to
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  that comment in today's video. And also in terms of moving the
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  Overton window, we have two clips for you guys from Fox
• 4:42
  Business. I think Natalie really, Natalie
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  Burnell really did Satoshi's work there and just really moved
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  the envelope, right? Because they're just so many pro
• 4:52
  Bitcoin talking points on that specific legacy media channel.
• 4:56
  Well, they interviewed the UFC fighter that brought up Mises
• 5:01
  after he was like beat up and he won the fight.
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  And like Joe Rogan put the microphone in his face and he's
• 5:05
  like, hey, and he's like, listen, you need Austrian
• 5:07
  economics, right? So they did an interview with
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  with that guy and also another interesting quote as well on Fox
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  Business and it wasn't people who are being interviewed that
• 5:17
  said this. It was the anchors themselves,
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  which I find absolutely fascinating.
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  But they said quote the Federal Reserve which really is a bank
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  for the wealthy, they don't work for the citizens like wow, we
• 5:29
  are definitely making progress in ending the Fed and separating
• 5:33
  money from state if legacy media is saying those types of talking
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  points. So clearly the pressure is
• 5:39
  working. Clearly, you know our our media
• 5:42
  strategy is working. We just got to keep pushing and
• 5:46
  that's going to move the Overton window and that's really to wake
• 5:48
  up people to the reality that hey, you know, money separated
• 5:53
  from state is way better than money joined with the state.
• 5:57
  Anyways, no more delay. I do wanna bring up my very
• 6:00
  special Co host. He's always optimistic.
• 6:03
  They don't call him optimistic fields for no reason.
• 6:05
  He's wearing a Viva Bitcoin hat. Man, that hat is dope.
• 6:09
  Yeah, I stole yours too, so I got two of them.
• 6:11
  You got the white one, you got the one with the local white.
• 6:13
  Black and white one? Yeah.
• 6:14
  Wow. OK.
• 6:16
  Really not so if you. Know that's why.
• 6:18
  That's why I stole it. But hey, I'm I'm really more
• 6:21
  interested on this comment. I don't think I saw which
• 6:23
  comment you're talking about. But we definitely went a little
• 6:26
  unhinged. Yes.
• 6:26
  Or rather I went a little unhinged yesterday.
• 6:28
  So I'm glad that the the video's still up and people enjoyed it.
• 6:32
  But also the chat's going hard right now they're they're
• 6:35
  cracking me up. They're saying that you know
• 6:37
  Opti for 2024, for for presidency.
• 6:40
  So everyone, I got votes in the chat, Nico.
• 6:43
  I might have more votes than some candidates out there, but
• 6:46
  let's not talk about some more real votes.
• 6:47
  Let's let's say that one. Another unhinged, another
• 6:53
  unhinged show anyways. Anyways, let's get into the
• 6:54
  show. We'd have a good guest for you
• 6:56
  guys today. Paul Keating, he's a a part of
• 6:59
  the Bitcoin jungle in Costa Rica.
• 7:01
  He just told us he's working for Primal.
• 7:03
  You know, I know everyone in the chat loves Noster.
• 7:05
  And then of course, really I think the part that I love the
• 7:07
  most, a health advocate. So I think we're going to get a
• 7:10
  full rounded show today for you guys out there.
• 7:13
  I say it all the time. Fit, fit, body, fit, mine.
• 7:16
  This is the most important thing as bit corners is to get your
• 7:19
  stuff correct 'cause we're shaking the best money in the
• 7:22
  world. You got to live a long time, you
• 7:23
  got to be healthy, you got to think clearly to understand
• 7:25
  what's going on in the world. Anyways, Paul, how you doing
• 7:27
  this? Morning be the change, man.
• 7:29
  Dude, bars, hold on. You got to be the change.
• 7:36
  Oh man. Well, I'm excited for today's
• 7:37
  show. We got a lot loads of content
• 7:40
  for you guys. Guys, if you're enjoying the
• 7:41
  show so far, make sure to smash that like button, Help us push
• 7:45
  the orange signal on YouTube, Rumble and X.
• 7:48
  So whatever platform you're watching us on and if you're
• 7:51
  watching it, if you're listening to us on on audio only leave a
• 7:54
  comment. Really, really helps.
• 7:55
  Leave a review on the podcast platforms really helps push the
• 7:59
  orange signal forward. Anyways, before we jump into the
• 8:03
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  storage kit. At the time of recording the
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  Bitcoin price is 66,630 SATS per dollar. 1000 one 1501 Market cap
• 11:02
  1.31 trillion. Declined from all time high 9.7%
• 11:08
  block height 840,544 having estimate March 16th 2028
• 11:16
  Realized monetary inflation 1.73% forward monetary
• 11:21
  inflation. Here is the signal is why I
• 11:24
  added. I added it to the to the numbers
• 11:28
  .85%. Even if governments get their
• 11:32
  inflation rates back to that 2% number, the forward-looking
• 11:36
  monetary inflation rate for Bitcoin is already significantly
• 11:40
  lower. And you know what, four years
• 11:41
  from now that's going to get cut in half again, right?
• 11:44
  So I think it's a testament to, of course, Bitcoin's monetary
• 11:48
  policy, it's set in stone, doesn't change and it's superior
• 11:51
  to everyone else's. And I think people around the
• 11:53
  world are going to start to realize that they're going to
• 11:55
  start to awaken to that because Bitcoin just has better
• 11:58
  incentives, annual mining revenue.
• 12:00
  I like this number $14.2 billion.
• 12:04
  It's in a mass, it's a massive industry that are just like in
• 12:07
  the business of mining Bitcoin, in the process of mining
• 12:10
  Bitcoin, right? You know, they're technically
• 12:12
  securing the Bitcoin blockchain. Technically, money supply
• 12:15
  19,688,983 Bitcoin. There's still roughly 1.1 point
• 12:25
  something roughly 1.41 point 3 million Bitcoin yet to be mined,
• 12:30
  but that's going to take a very, very long time.
• 12:33
  Anyways, I did want to address this comment from yesterday.
• 12:37
  Someone was watching our video when we started talking about
• 12:41
  Congress waving the flags of Ukraine, celebrating sending
• 12:44
  another $60 billion to fund a foreign war and his comment from
• 12:50
  Sphere, Smadal said. I like your channel, but this
• 12:54
  time your worldview is short sighted.
• 12:56
  The world looks very different if you if you a border and see
• 13:00
  next to Russia, US and Norway have to support Ukraine.
• 13:03
  Russia's totalitarian. If they take Ukraine, who's
• 13:06
  next? Finland.
• 13:07
  Norway. Norway's the main supplier of
• 13:09
  energy to Europe. You can imagine what that means.
• 13:11
  the US would be much weaker than a weak Europe.
• 13:14
  Think about it. Understand evil, Understand what
• 13:17
  risks are even with Bitcoin being more used.
• 13:20
  I mean, bro, what I got to say is like, those sound like
• 13:25
  talking points. Like I've heard those talking
• 13:27
  points being used before in in legacy media and if you take a
• 13:33
  look at this, right, which is like the actual you're you're
• 13:36
  saying OK, NATO and all this stuff since NATO was literally
• 13:41
  created because of the Soviet Union, right.
• 13:45
  And it hasn't been Russia who has expanded.
• 13:48
  It's been NATO who's expanded up to the point in 2004.
• 13:52
  Now you have NATO countries that are bordering Russia, right.
• 13:56
  So 2004, 2000, more, 2009, more countries joining NATO, 1999
• 14:02
  Poland, Hungary joining NATO. So I mean, and then let's talk
• 14:07
  about the Ukraine war, right. The Ukraine war is happening in
• 14:10
  the border of Ukraine and Russia in the Russian speaking
• 14:15
  provinces of Ukraine. That's when the war is
• 14:18
  happening. So my question to you is that if
• 14:23
  governments can't afford this war in the first place, right,
• 14:27
  They don't collect, they don't collect enough in tax revenue,
• 14:29
  Why don't they go to their populace and say, hey guys, you
• 14:32
  know, we're raising taxes to fund this foreign war?
• 14:35
  No, they can't do that because it's not popular enough to do
• 14:38
  that. You know, what they do instead
• 14:40
  is that they print the difference and it's kind of like
• 14:42
  this hidden taxation of inflation and then that has
• 14:45
  catastrophic consequences for the lower and middle classes.
• 14:49
  That's why you keep hearing the rich get richer and the poor get
• 14:52
  poorer. That's not due to capitalism.
• 14:55
  That's due to the wealth through distribution mechanisms of Fiat
• 14:59
  money. So yeah, I get you and I hear
• 15:02
  you, but I'm gonna tell you what I told, what I said, what I told
• 15:06
  everyone on yesterday's episode. I think you should do your own
• 15:09
  research rather than just relying on the talking points of
• 15:12
  the legacy mainstream media, because that's what it sounds
• 15:15
  like to me anyways. That's my opinion.
• 15:17
  But I love the discussion and I'd love to hear more of your
• 15:20
  thoughts. Drop it down in the comments
• 15:22
  anyways, I do want to get to, I do want to get to this this UFC
• 15:27
  fighter we played you a clip for you guys.
• 15:29
  I think it was like last week or so, But basically he won a fight
• 15:33
  and he was all beat up and stuff and part of his like, you know,
• 15:37
  part of his like fighting speech to Joe Rogan was like, I love
• 15:41
  freedom of speech, I love the Second Amendment and if you love
• 15:45
  your country, you should study Austrian economics.
• 15:48
  Well, this is a follow up interview on Fox Business and
• 15:50
  again, these interviews are incredibly important because UFC
• 15:54
  interviews, you could say they're in an echo chamber,
• 15:56
  simply Bitcoin content. You can make an argument that
• 15:59
  it's an it's in an echo chamber. But interviews on Fox Business?
• 16:03
  That's Legacy media has a more mainstream appeal for now, so
• 16:08
  let's check out what he has to say.
• 16:09
  I also read that you think interest rates are going higher
• 16:13
  and that you want to get paid your MMA bonus in Bitcoin,
• 16:16
  right? 100%, that's a that's a huge
• 16:19
  part of the Austria economic school, right?
• 16:21
  Supply and demand and scarcity and I think Bitcoin represents
• 16:25
  that. The the Bitcoin, even though
• 16:27
  it's it is dropping a little bit.
• 16:29
  I think it's is a defense against the the the Thailand
• 16:35
  state is a defense against inflation too because eventually
• 16:39
  it's going go up because everybody is knowing what
• 16:42
  Bitcoin is and the dollar is losing value because the
• 16:46
  interest rates because the government keeps printing money
• 16:50
  right keep doing handouts keeping doing like welfare to
• 16:54
  the people they they are not trying to to to control the
• 16:58
  supply of the money. They are always printing more.
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  So I think that's going to be beneficial to Bitcoin.
• 17:04
  So like guys you have to understand how consequential
• 17:08
  this is. This isn't just a bitcoiner.
• 17:10
  These aren't people that are talking about Bitcoin or working
• 17:12
  in Bitcoin companies that are in the Bitcoin industry.
• 17:15
  This is someone that works in an entirely different industry.
• 17:18
  And he's saying the Bitcoin talking points.
• 17:21
  You guys want to know how we change things.
• 17:24
  You guys want to know how things actually change.
• 17:27
  Like there's actual change to the system.
• 17:30
  There's actual change. Imagine if everyone, 50% of the
• 17:33
  population was speaking like he was, they would be in trouble
• 17:38
  because they don't have a, they don't have a response to that,
• 17:41
  right? It's kind of like similar to the
• 17:44
  comment that I was reading to to you earlier, right?
• 17:47
  It's like we have to support NATO.
• 17:49
  My response to that is we can't afford to. the US spends $1.7
• 17:54
  trillion more than it collects in tax revenue.
• 18:00
  We can't afford to do those things.
• 18:02
  But Fiat money gives the illusion that we can afford to
• 18:05
  give it. But again, it's not free.
• 18:07
  This money being printed is not free.
• 18:10
  It's well through distribution. If you have dollars, if you're
• 18:13
  holding dollars, they're being devalued every time they print
• 18:16
  money, right? So clearly, you know this guy
• 18:19
  Renato, he's a absolutely badass fighter.
• 18:22
  He just won. But he knows the Bitcoin talking
• 18:24
  points. Now I would say this is a big
• 18:26
  deal, right? Again, moving the Overton
• 18:29
  window. Waking up people to the reality
• 18:31
  that Fiat money is a scam. Waking up to the reality that
• 18:34
  Bitcoin is the soundest money the world has ever seen.
• 18:37
  But it wasn't only him just saying these talking points,
• 18:40
  check out Fox Business once again and this is crazy and it's
• 18:46
  not playing. Let me refresh.
• 18:49
  Is so scary because that really could happen in America.
• 18:52
  The Federal Reserve has already talked about potentially a bail
• 18:55
  in They will not bail the banks out again Charles.
• 18:57
  If anything happens, money could be frozen and and clients and
• 19:01
  will be locked out. You believe that though?
• 19:03
  No, I don't believe that that would happen.
• 19:04
  Do you do you believe they won't bail the banks out?
• 19:07
  Two things. You've got the Federal Reserve,
• 19:09
  which really is a bank for the wealthy, right?
• 19:11
  It's a bank for the banks and it banks for the wealth.
• 19:13
  That's what they work for. They don't work for the US, for
• 19:16
  citizens. We it's time people understood
• 19:18
  that. I'm so glad you said this
• 19:19
  because so many people think that because we're the world
• 19:21
  reserve currency that we have to build out the dollar that we
• 19:24
  won't let our system collapse. What they don't understand is
• 19:27
  what the BRICS nations are doing to basically do cross-border
• 19:30
  payment transactions in local currencies without a reserve
• 19:33
  alternative to the dollar. So yes, I believe with the
• 19:36
  amount of deficits that we're running that we just seem to
• 19:38
  carte blanche, we're not in a war right now directly, we're
• 19:40
  not in a pandemic and yet we're still getting a $7.3 trillion
• 19:43
  budget proposal from this administration.
• 19:45
  I think the rest of the world is saying America has taken Modern
• 19:48
  Monetary Theory way too far. So the the signal out of all of
• 19:53
  that and really again, I'm going to give it her credit's due
• 19:57
  because Natalie was who originally, and I believe his
• 19:59
  name is Charles Payne that the Fox Business anchor.
• 20:03
  Please correct me if I'm wrong on that.
• 20:05
  But there was Natalie that just kept hammering these points home
• 20:09
  when going on his show. I believe that he was also
• 20:12
  brought on her show, but the keyword here is the Federal
• 20:17
  Reserve. Which really is a bank for the
• 20:20
  wealthy. They don't work for the citizens
• 20:23
  and I think that's the key point.
• 20:25
  Now why is that? Well, the it's simple, right.
• 20:29
  Every time they print money to wealth or distribution mechanism
• 20:32
  from the people that from the lower middle classes that don't
• 20:35
  have the means to save in assets, they save in Fiat back
• 20:39
  to the very wealthy that do have the means to save in assets.
• 20:42
  Therefore, they do benefit from asset inflation and back to the
• 20:46
  government. That's the scheme.
• 20:47
  That's how it works. And the fact that it's not only
• 20:51
  MMA fighters that are saying this, but anchors on legacy
• 20:56
  media that are starting to say this tells me that we're winning
• 21:01
  the narrative trench warfare, that we're winning the media
• 21:04
  game. We got to keep on the pressure,
• 21:07
  We got to keep pushing forward. So the mainstream consciousness
• 21:11
  wakes up to the the, the, the scam that is Fiat money.
• 21:15
  And then perhaps in the process, you know, really start to wisen
• 21:19
  up to politics and say, hey, maybe this isn't left versus
• 21:23
  right. Maybe it's really green versus
• 21:25
  orange. Maybe it's the party of green,
• 21:27
  the party of Fiat, nihilism, poverty, slavery versus the
• 21:30
  party of Bitcoin, peace, prosperity and opportunity,
• 21:33
  right. So we're definitely heading in
• 21:35
  the right direction. These are historic clips, guys.
• 21:38
  Look, when me and Opti got into Bitcoin, what was it, 20/16/2017
• 21:43
  optic? Could you have ever have
• 21:45
  imagined, you know, legacy media basically saying the Federal
• 21:49
  Reserve is for rich people. Could you ever have imagined an
• 21:54
  MMA fighter that beat up? It's talking to Joe Rogan saying
• 21:57
  you got to read Mises, you got to read the Austrian School of
• 22:00
  Economics. Like ladies and gentlemen, this
• 22:03
  is what winning looks like. This is what winning the hearts
• 22:06
  and minds of people looks like. And 510 years from now when we
• 22:10
  have 2030, forty 50% of the population saying those same
• 22:14
  talking points, man, the party of Fiat is in trouble.
• 22:19
  That's what I gotta say, Opti, what's your take?
• 22:21
  And then we'll pass it on to Paul.
• 22:22
  Yeah, I mean, you asked me, could I imagine this?
• 22:25
  And I mean, probably when I first got into Bitcoin, I
• 22:28
  thought that this would never happen.
• 22:29
  But once you understand Bitcoin, I would say that I did think
• 22:33
  this would happen because I fundamentally, and this is our
• 22:35
  thesis here at Simply Bitcoin, is that the Bitcoin culture will
• 22:38
  go mainstream and people will soon, maybe slowly become
• 22:42
  Bitcoiners. So I'm not surprised that this
• 22:44
  is happening. Maybe I'm a little more
• 22:45
  surprised that it's happening so quickly.
• 22:47
  And you know, shots at the Charles Payne and then Joe
• 22:49
  Kernan out there, they're they're my favorite Bitcoin
• 22:51
  podcasters, not only because they get it, but because they're
• 22:55
  on the legacy system, you know, corporate media channels
• 22:58
  spreading the signal and you just love to see it.
• 23:01
  And I I'm just going to be short on this one.
• 23:03
  I I think we've talked about this so many times in the show,
• 23:06
  but I just find it hilarious that an MMA fighter understands
• 23:09
  economics better than the quote UN quote PhD expert economist
• 23:14
  out there and you just love to see it.
• 23:16
  You know the bread and circuses are crumbling out there and and
• 23:18
  the gladiators understand what's going on in the world better
• 23:21
  than those whose job it is to understand what's going on
• 23:24
  better. Like you can't make this stuff
• 23:25
  up. This is the the Fiat system
• 23:28
  collapsing. This is it crumbling on itself.
• 23:31
  And hey, this signal is going to spread more and it and it's
• 23:34
  going to spread with the demographic that I always say is
• 23:37
  the only demographic that actually changes things.
• 23:39
  That 18 to 35 year old, fighting age, military, male.
• 23:43
  And the more they wake up to the scam that is the Fiat system,
• 23:46
  the better the future of humanity will be.
• 23:49
  So you just love to see it. Hopefully people will actually
• 23:51
  dig in and read Mises, but hey, you know, most people don't like
• 23:54
  to read books out there, so hopefully they're listening to
• 23:57
  at least simply Bitcoin and getting the signal.
• 23:59
  Anyways, Paul, jump in. What's your thoughts?
• 24:01
  Yeah, I mean, once you see it, you can't Unsee it and you kind
• 24:03
  of wonder why. Like, you know, Aaron Rodgers
• 24:05
  has come out to be a Bitcoiner and he's talked about it before,
• 24:08
  but sometimes it's like, why isn't he always talking about
• 24:10
  it? Whereas this Renato guy just
• 24:12
  comes out of the woodwork and you could tell he's just, you
• 24:15
  know, laser eyes out of his, you know, lasers coming out of his
• 24:17
  eyes talking about Bitcoin all the time and mises and whatnot.
• 24:21
  It's just it's awesome to see these little things kind of move
• 24:23
  the needle. And I'm always wondering like,
• 24:26
  how do you make Bitcoin cool and mainstream?
• 24:28
  I mean, it is just kind of every day doing your thing, but I
• 24:32
  think we're making some real change.
• 24:35
  Absolutely. I think.
• 24:36
  I think we're making real, real change.
• 24:38
  And it's again, it's a, it's a it's not, it's it's a it's a
• 24:43
  combined effort, right. It's each and every single one
• 24:46
  of us doing, just, just playing our part in this, right?
• 24:50
  So even if you don't have a platform, even if you know you
• 24:53
  decide to be an Anon on on X or on on Noster, right?
• 24:58
  Every single tweet counts. Every single time you see a
• 25:01
  politician talking about how inflation is being lowered, you
• 25:05
  know, how you see this European Central Bank talking about, you
• 25:08
  know, how you know Bitcoin is the devil and you know Fiat
• 25:12
  money is the future. Get in the comments, Make your
• 25:15
  voices heard. Like this is how we win.
• 25:18
  This is how we win this Narrative Trench warfare.
• 25:20
  This is how we move the envelope and we wake up people to the
• 25:23
  reality that Fiat is a scam, right?
• 25:26
  That no man should have the ability to create money for free
• 25:29
  that another man has to work for, right?
• 25:31
  That's the world that we're fighting for and we're
• 25:33
  definitely winning, especially when you see these types of
• 25:35
  clips. Anyways, I give a shout out to
• 25:37
  our merch guys. We did lower the prices by the
• 25:40
  way, it is a limited drop. We teamed up with Bitcoin
• 25:43
  artists Opti. How do you say his name?
• 25:45
  I was Butcher. Asanoa Asanoa.
• 25:47
  Asanoa there we go. Asanella.
• 25:49
  Not Asanella. Asanoa.
• 25:50
  Asanoa. Asanoa, asanoa.
• 25:53
  But yeah, guys, check it out. There's ladies merch.
• 25:56
  There's the Bitcoin pill. There's a peaceful Bitcoin
• 25:58
  revolution. T there's a gold Bitcoin
• 26:01
  snapback. The gold Bitcoin dad hat we ran
• 26:03
  hat We did run out of some sizes, by the way, guys, so get
• 26:07
  yours while supplies last. This is one of my favorites.
• 26:10
  It's absolutely badass. It's so cool.
• 26:12
  And again, we pay attention to the detail, the, the, the tag
• 26:16
  and everything says Bitcoin or slavery.
• 26:18
  So get yours. Well, supplies lost.
• 26:21
  And yeah, anyways, I do want to move on to the news.
• 26:24
  We have a lot to talk about today.
• 26:26
  Let's check it out. Here we go.
• 26:30
  The Daily News. I want to give a shout out to
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  you. Check out the passport link in
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  the show notes below to learn more.
• 27:28
  All right ladies and gentlemen, we are selling a strand of
• 27:31
  Paul's hair. One Bitcoin for a strand.
• 27:35
  It's it's by popular request. I see it.
• 27:37
  There's. So much sand in here you guys
• 27:39
  don't even understand. The sand is included in the
• 27:42
  package, so yeah guys, so get in contact with Paul.
• 27:46
  Anyways, all seriousness, I do want to give a shout out to our
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  Foundations. All right, quick ETF update.
• 28:19
  The BlackRock ETF is at 273,596. The black.
• 28:25
  The Fidelity ETF 153,842. The ARK invest 43,516.
• 28:33
  The BlackRock ETF is very, very close to catching up.
• 28:38
  Catching up The grayscale ETF. Very, very interesting.
• 28:41
  Anyways, so I do want to talk about the IMF.
• 28:44
  I do want to talk about that, like the idea, the whole topic
• 28:47
  of what is money? What sort of money should be
• 28:49
  used for? Here's Investopedia.
• 28:51
  Here's their definition of money says money is an item or medium
• 28:55
  of exchange that symbolizes perceived value.
• 28:58
  As a result, it is accepted by people for the payment of goods
• 29:01
  and services as well as the repayment of loans.
• 29:04
  Money makes the world go round. Economies rely on money to
• 29:08
  facilitate transactions into power.
• 29:10
  Financial growth. Typically it is economists who
• 29:13
  define money, where it comes from, what it's worth.
• 29:16
  Here are the multifaceted characteristics of money.
• 29:20
  I don't know. I don't know about you guys, but
• 29:21
  even on Investopedia, politics is not mentioned.
• 29:25
  It's not even there. It it doesn't say money is
• 29:28
  political. Money should be used as a
• 29:31
  weapon. It doesn't mention sanctions.
• 29:33
  It doesn't mention any of that. But we lived in a we live in a
• 29:37
  world since really, the 1919. Seventy since, you know, I would
• 29:43
  say less than 100 years. Money has been weaponized on a
• 29:48
  global scale, and it is currently a tool used by the US
• 29:53
  government in order to go against governments that are
• 29:58
  enemies of the US government. Right.
• 30:00
  So specifically, when the war in when the war when Russia invaded
• 30:07
  Ukraine, one of the talking points for justifying the
• 30:11
  freezing of Russian assets owned by its citizens, not by the
• 30:15
  Russian government, only worldwide, is, oh, you know,
• 30:20
  this is going to, you know, this is going to incentivize regime
• 30:24
  change. That was one of the talking
• 30:25
  points. That was one of the
• 30:26
  justifications, right? One of the things that was
• 30:29
  passed in, in the in the recent Ukraine bill was that they are
• 30:33
  going to take the assets that belong to Russia and give them
• 30:38
  to Ukraine, right. So it's kind of like this
• 30:41
  weaponization of money. The thing is that when you
• 30:44
  weaponize money, the quote UN quote enemies of the US, you
• 30:50
  heard the Fox anchor lady talking about it.
• 30:53
  She was, she was referencing the BRICS nations.
• 30:56
  You know what they're going to start doing?
• 30:58
  They're going to start looking for alternatives, right?
• 31:02
  And then it's interesting because, you know, it's kind of
• 31:06
  like the US shooting itself in the metaphorical foot.
• 31:10
  Because if they have the privilege of the global reserve
• 31:13
  currency and they're incentivizing people to use
• 31:16
  something different because they've politicized the money,
• 31:20
  that's only going to go back and hurt the US.
• 31:24
  Specifically the lower and middle classes in the US that
• 31:28
  benefit tremendously from earning in the world's reserve
• 31:33
  currency, right. If the if the US loses world
• 31:37
  reserve currency status and you're not holding Bitcoin, the
• 31:42
  dollar becomes worth. It's not worth more than, you
• 31:46
  know, the Argentinian peso. Like it's the same thing.
• 31:49
  Like, the reason the US government's able to print this
• 31:52
  tremendous amount of money is because it has world reserve
• 31:55
  currency status. But if it keeps playing politics
• 31:58
  with the money, then you're incentivizing people to seek for
• 32:02
  alternatives, right? So anyway, so here's the paper
• 32:05
  that I wanted to reference coming specifically out of the
• 32:08
  International Monetary Fund. It really it was released April
• 32:11
  5th, 2024. You guys can search for it
• 32:14
  yourself. And the name of the paper is A
• 32:17
  Primer on Bitcoin, cross-border Flows, Measurement, and Drivers.
• 32:23
  Now, the part that I wanted to focus on in this paper is
• 32:26
  specifically according to the IMF, residents of countries with
• 32:30
  restrictive financial regulations are turning to
• 32:33
  Bitcoin to move capital across borders more freely, the authors
• 32:37
  wrote. Off chain cross-border flows
• 32:40
  seem correlated with incentives to avoid capital flow
• 32:45
  restrictions, right? And again, like this is the way
• 32:50
  that money is supposed to work, right?
• 32:53
  This is the way that it's always worked.
• 32:56
  In this kind of like digital world where, you know, most
• 32:59
  people are outsourcing the responsibility of the storage of
• 33:03
  their wealth to like a financial institution to a bank, it became
• 33:06
  incredibly easy for the government, for governments and
• 33:09
  nation states to put pressure on a handful of institutions to
• 33:13
  say, hey, freeze this person's account.
• 33:15
  You know, capital controls capitalists.
• 33:18
  But this isn't the case when you can memorize 12 to 24 words and
• 33:24
  you could store theoretically 1,000,000 billions, if not
• 33:27
  trillions of dollars in your mind.
• 33:29
  You should definitely stamp it on titanium.
• 33:31
  But if you're in a pickle, you kind of get the gist of what I'm
• 33:34
  saying. So interesting that the IMF is
• 33:37
  getting to a point where they're admitting this.
• 33:40
  This is the same IMF that you know.
• 33:43
  According to an episode that we did a couple weeks ago and we
• 33:46
  were citing this original article released by a friends
• 33:50
  over at Bitcoin Magazine, the IMF is still demanding changes
• 33:53
  to El Salvador's Bitcoin law. The IMF is reportedly demanding
• 33:57
  changes to El Salvador's pioneering Bitcoin law amid a
• 34:00
  $1.4 billion credit negotiations.
• 34:03
  Now after this, Naimbu Kelly has gone out on record and saying
• 34:08
  that's not true, they're actually giving us more money.
• 34:10
  But we do know the IM FS initial reaction to when El Salvador
• 34:14
  made Bitcoin legal tender. They absolutely lost their
• 34:17
  minds. They said, you know, El Salvador
• 34:19
  was going to spontaneously combust.
• 34:21
  The exact opposite happened. El Salvador has been able to
• 34:25
  repay its debts. The economy of El Salvador has
• 34:28
  been flourishing. The crime has been going down.
• 34:31
  So everything that the IMF predicted was going to happen
• 34:34
  because they made Bitcoin legal tender never came true.
• 34:37
  Now this is the same IMF that tapped on Argentina and they
• 34:40
  said, listen, we'll give you this $45 billion loan if quote,
• 34:46
  you would discourage crypto usage, right?
• 34:49
  It's the same IMF. So it's the same IMF that really
• 34:52
  dislikes Bitcoin. And the reason that they dislike
• 34:55
  Bitcoin is because Bitcoin provides an alternative to the
• 34:59
  IMF loan slavery system. Because these loans aren't given
• 35:04
  for free, they come with concessions, right?
• 35:08
  So the IMF is freaking out and saying holy cow, these
• 35:12
  developing countries could get up on their feet without having
• 35:15
  to come to us, you know, and that freaks them out.
• 35:19
  So this is the same IMF that's finally admitting the choir part
• 35:23
  out loud. This is something that is so
• 35:25
  obvious, right? And again, no one is better than
• 35:28
  their incentives. Obviously people in Argentina,
• 35:33
  in Venezuela, in Iran, in Afghanistan, that according to
• 35:39
  the US dollar system, they're not entitled to have bank
• 35:43
  accounts because they're too risky for them to open, quote UN
• 35:47
  quote, too risky for them to open bank accounts.
• 35:49
  You know, bitcoins for them. They could just download a
• 35:52
  Bitcoin wallet and boom, they are their own bank all of a
• 35:55
  sudden, especially if they write down their seed words and stuff.
• 35:59
  So all this is kind of happening but this you know these are kind
• 36:03
  of theories. These are these are things that
• 36:05
  you know are are we're talking about.
• 36:07
  It's gonna happen. But yesterday it was announced
• 36:10
  that Venezuela to accelerate cryptocurrency shift as oil
• 36:15
  sanctions return the US Treas, the Treasury Department last
• 36:19
  week gave beto asset customers and providers until May 31st to
• 36:24
  wind down transactions under a general license.
• 36:26
  It did not renew due to lack of electoral reforms.
• 36:30
  The move will make it more difficult for the country to
• 36:32
  increase oil output and exports as companies will have to wait
• 36:36
  for individual US authorities to do business with Venezuela.
• 36:40
  The Resa since last year has been slowly moving oil sales to
• 36:43
  USDT. Boy, are they going to learn the
• 36:46
  hard way when the US government puts pressure on Tether to
• 36:51
  freeze certain accounts. And remember, Tether is one of
• 36:54
  the largest buyers of U.S. Treasuries, and Tether has been
• 36:58
  working with US authorities to freeze certain transactions, and
• 37:03
  I don't blame them for doing so. They're a centralized entity.
• 37:06
  They're a company, right? And if you're a company, if
• 37:08
  you're a centralized entity, you know there is a metaphorical
• 37:11
  head to go after, right? It's only you can only find
• 37:16
  truly uncensorable money and a truly decentralized protocol,
• 37:20
  the only one being Bitcoin when it comes to money, a digital
• 37:23
  currency also known as tether, who's valued as peg to the US
• 37:26
  dollar and designed to maintain a stable value.
• 37:28
  The return of oil sanctions is speeding up the shift, a move to
• 37:32
  reduce the risk of sale proceeds getting frozen in foreign bank
• 37:36
  accounts. Due to the measures quote, we
• 37:38
  have different currencies according to what is stated in
• 37:41
  contracts, Venezuelan Oil Minister Pedro Tequila told
• 37:46
  Reuters last week, adding that in some contracts, digital
• 37:48
  currencies might be the preferred payment method by the
• 37:52
  end of the first quarter. Peresa has moved many spot oil
• 37:54
  oil deals not involving swaps to a contract model demanding
• 37:59
  prepayment for half of each cargoes value in USDT.
• 38:03
  But Evessa is also requiring any new customers applying to
• 38:06
  conduct oil transactions to hold cryptocurrency in a digital
• 38:10
  wallet. The requirement has been
• 38:11
  enforced even in some old contracts who do not specify
• 38:15
  state the use of USDT, the people said.
• 38:18
  So again, I always say this many, many times over that all
• 38:22
  roads lead to Bitcoin. Why?
• 38:25
  Because USDT can be frozen and anything that isn't sufficiently
• 38:29
  decentralized will inevitably be Co opted.
• 38:32
  Now we did talk about this yesterday, but I'm going to
• 38:35
  bring it up again because it relates to what we're talking
• 38:37
  about here is Steven Lipka, managing director at Swan
• 38:40
  Private, and he says the US House has officially voted to
• 38:43
  transfer frozen Russian assets to Ukraine.
• 38:46
  This is a major blow to the willingness of foreign countries
• 38:49
  to hold U.S. Treasuries, Bob Burnett, the CEO
• 38:51
  and founder of Barefoot Mining responded.
• 38:54
  Their quote tweeted better said the mess.
• 38:56
  The message this sends to the world is horrible.
• 38:58
  This will come back to haunt the US, at least those that believe
• 39:02
  that the global reserve currency is a good thing for the US the
• 39:05
  move will eventually will eventually recognize, will be
• 39:10
  recognized to be an inflection point in the downfall of the US
• 39:13
  dollar. Yes, 100%.
• 39:15
  When you weaponize the money, when you politicize the money,
• 39:20
  which is not in the definition of money, money should not be
• 39:23
  political. There are unintended
• 39:26
  consequences, and those unintended consequences are not
• 39:30
  necessarily felt by the politicians that are coming up
• 39:33
  with these genius ideas. Those unintended consequences
• 39:36
  are usually felt by the populations of these countries,
• 39:40
  right? So this is where Bitcoin comes
• 39:43
  into play, because Bitcoin provides this life raft in this
• 39:49
  ocean of Fiat politics shit, right?
• 39:52
  It's just this life raft and it keeps you afloat and you don't
• 39:55
  even have to deal with it. You could see it, you could see
• 39:57
  it happening, but you don't have to.
• 39:59
  You, you choose not to participate, right?
• 40:01
  But again, I think it's a big win in the sense that the IMF,
• 40:05
  you know, one of the, I would say, one of the enemies of
• 40:08
  Bitcoin, one of, one of bitcoiners, one of Bitcoin's
• 40:12
  most vocal detractors, one of Bitcoin, one of.
• 40:16
  Bitcoin's harshest critics finally said the quiet part out
• 40:19
  loud that, hey, holy cow, there's people in countries that
• 40:24
  are using Bitcoin to transact across the border.
• 40:29
  They're using it to store value. And then, of course, as
• 40:32
  bitcoiners say, no shit. Sherlock.
• 40:34
  Like, obviously. Obviously that's the case
• 40:37
  because no one's better than their incentives.
• 40:39
  Apparently politicians don't believe in incentives.
• 40:41
  Apparently politicians believe that they can make incentives
• 40:45
  right? But I think bit corners are
• 40:46
  humble enough to realize that no one is better than their
• 40:49
  incentives. Anyways, I'm going to pass it on
• 40:51
  to OPTI and then Paul. Yeah.
• 40:54
  So I mean first and foremost love to see that the signal is
• 40:58
  spreading. You know that I admit IMF admits
• 41:00
  people are turning to Bitcoin because inflation and horrible
• 41:03
  financial systems in the country.
• 41:04
  So I'd love to see that they're at least acknowledging it.
• 41:06
  But if you if you Scroll down a little bit and I was trying to
• 41:09
  read it while it was kind of cut off at the end Nico it said but
• 41:12
  cautions against it because reasons IE they can't control
• 41:16
  it. Like it's so funny they're like
• 41:17
  yeah this is actually this is what happening.
• 41:19
  People are moving towards Bitcoin.
• 41:22
  Yeah, here, let let's pull it up at the at the very bottom, Mika
• 41:25
  at the very bottom. However, the IMF report also
• 41:29
  cautions against the potential risk associated with the
• 41:31
  widespread use of Bitcoin. For I I can't read it when you
• 41:35
  turn it blue, I'm colorblind. Read it.
• 41:37
  However, the IMF report, a report also cautioned against
• 41:40
  the potential risks associated with the widespread use of
• 41:43
  Bitcoin for cross-border flows. The lack of oversight and the
• 41:46
  anonymity provided by cryptocurrencies can complicate
• 41:48
  the efforts of regulators to monitor and control financial
• 41:52
  transactions to prevent illicit activities such as money
• 41:55
  launderer. Meanwhile, the biggest money
• 41:58
  launderers are the politicians themselves.
• 42:01
  And again, the reason that people are choosing it to to,
• 42:05
  you know, for cross-border payments is the anonymity.
• 42:09
  I mean, it contradicts. It contradicts itself when they
• 42:13
  say residents of countries with restrictive financial
• 42:16
  regulations and then they're literally talking about lack of
• 42:19
  regulations, like like, it's so absurd, like these people are
• 42:24
  like smelling the their own, you know?
• 42:27
  The projection is strong and. Come to terms with the fact that
• 42:33
  it is precisely the regulation. It is precisely the lack of
• 42:37
  anonymity that are people are the the that is the reason that
• 42:41
  people are seeking an alternative in the 1st place
• 42:44
  like they are their own problem. But The thing is that doesn't
• 42:47
  employ bureaucrats, that doesn't employ the IMF, right?
• 42:51
  It it, you know it's it's a decentralized peer-to-peer
• 42:54
  protocol right. They actually have to provide
• 42:56
  value. They can't just be rent seekers
• 42:59
  and they can't comprehend the world.
• 43:00
  What's that? The quote from Sinclair Opti, I
• 43:03
  forget. Like when it demands job to
• 43:07
  profit out the system, they can't see what's wrong with the
• 43:09
  system like. It's like something along the
• 43:12
  lines of like when your livelihood, you can't.
• 43:14
  Convince. Someone.
• 43:15
  Yeah, yeah. You can't convince someone
• 43:18
  who's. You can't convince someone whose
• 43:20
  livelihood depends on the thing that you're trying to convince
• 43:22
  them against, right? Something along those lines.
• 43:24
  We're paraphrasing. We're butching it.
• 43:25
  But that's the point, right? They can't.
• 43:27
  Can't convince me that Bitcoin's not money though.
• 43:34
  Oh man, love it. But.
• 43:36
  Yeah, all right. Just I want, I do want to touch
• 43:38
  on the Venezuela thing. But before I do that the IMF
• 43:41
  basically says, you know, you know, we've been controlling
• 43:44
  these nations for a while and they're moving away from our
• 43:47
  system and they're moving to a system that they can't control.
• 43:50
  But that's the bad part about is that we can't control it.
• 43:52
  It's like the projection's strong here.
• 43:54
  Anyways, I I do want to touch on the Venezuela stuff a little
• 43:56
  bit. So the Venezuelan news is in my
• 44:00
  opinion very a very interesting development and I've been saying
• 44:03
  this for a while. I think it there's baby steps to
• 44:05
  eventually getting everyone on the Bitcoin standard.
• 44:08
  A lot of people they'll if you're in a in a country with
• 44:10
  very bad Fiat currencies, you'll eventually go to Bitcoin or
• 44:14
  sorry the dollar because it's the strongest shit coin out
• 44:16
  there. I mean Fiat money out there.
• 44:18
  And then usually a lot of people, they'll get in the
• 44:21
  Bitcoin, they'll get distracted by shit coins and then
• 44:24
  eventually all roads lead to Bitcoin.
• 44:26
  So I think it's baby steps towards getting energy priced in
• 44:30
  Bitcoin, which I think is the real end game here is when we
• 44:33
  can finally get energy priced in something that cannot be
• 44:37
  manipulated, which I think is it's coming.
• 44:38
  You can see this happening in real time with all of the recent
• 44:42
  energy develop developments in Bitcoin mining.
• 44:44
  But I also want to double down on the idea that it, I think
• 44:48
  that is a bit worrying that Venezuela is pricing it in
• 44:51
  tether, not just for what Nico was saying, but for more of the
• 44:55
  line of what Mark Goodwin and Whitney Webb have been saying.
• 44:57
  So you need to go watch the TFT AC interview of Mark Goodwin and
• 45:01
  and Whitney Webb. They just dropped and I think
• 45:04
  that's the real nefarious nature of this development.
• 45:06
  Like you know, everyone is concerned about ordinals and
• 45:09
  inscriptions right now, but I think the real threat is the
• 45:11
  proliferation of synthetic dollars on tether in developing
• 45:14
  nations and few people are talking about this and just
• 45:18
  doubling down on that idea. Like I'm not here to push
• 45:20
  synthetic dollars on people. I'm not here to continue the
• 45:23
  Fiat system with with my blockchain on that.
• 45:25
  It's like I'm here to push Bitcoin and free money from
• 45:28
  state. I want people to interact with
• 45:30
  freedom. Money truly decentralized money.
• 45:32
  A money that can't be controlled, that can't be
• 45:34
  debased. A money outside the control of a
• 45:36
  small cabal of people. But I also understand that is
• 45:39
  baby steps. You know people are having to
• 45:41
  learn a whole new system. It you know it took us a while
• 45:44
  we we do need a little compassion and empathy because
• 45:48
  it we didn't get Bitcoin overnight not not all of us were
• 45:51
  Austrian economist before we found Bitcoin.
• 45:54
  So there is a learning curve, but I think the meme remains the
• 45:57
  same. All roads lead to Bitcoin, and
• 45:59
  eventually they'll realize that, hey, I do not want to price my
• 46:02
  energy and tether. I do not want stable coins,
• 46:05
  quote UN quote. Like that's not what we're here
• 46:07
  to do. You know, everything will be
• 46:09
  repriced in Bitcoin, energy will be repriced in Bitcoin.
• 46:12
  And that's when things are become unstoppable.
• 46:15
  Bitcoin is the stable coin. Bitcoin is the stable coin.
• 46:18
  Yeah, that's so hard to, like, really ingrain in your brain and
• 46:22
  unlearn. 100%. Yeah, we go back and forth with
• 46:26
  this at Bitcoin Jungle. We'll not really, we've never
• 46:29
  thought about, you know, having tether, but we've been up and
• 46:32
  down like price wise right now this is the biggest bull market
• 46:35
  we've had. But and people really get to
• 46:36
  feel the saving in Bitcoin with the number go up.
• 46:40
  And it really is interesting how that changes the minds of people
• 46:43
  once they actually touch it and feel it and use it and use it in
• 46:46
  the markets and use it to go buy other things.
• 46:49
  And yeah, it's completely already like changing their
• 46:52
  behavior. It's fun to watch.
• 46:54
  That's literally my favorite aspect of Bitcoin.
• 46:56
  Like, you know, all the technical is cool, all the
• 46:58
  geopolitics is cool. I know Niko loves the
• 47:00
  geopolitics. I'm like how do you, how do you
• 47:03
  have such a good grasp of all these different?
• 47:05
  Yeah, like Niko loves the geopolitics.
• 47:07
  But personally, what I love the most is like the psychological,
• 47:11
  cultural change, the behavioral change behind Bitcoin.
• 47:13
  Because I say all the time, if it's done it for me, then I know
• 47:16
  it can do it for everyone else and and just watching people
• 47:19
  wake up to what you just said, Paul, like that's the most
• 47:22
  interesting things that I see happening and and Bitcoin
• 47:25
  literally just like saturating popular culture and people
• 47:28
  living a better life. That's all anyone wants is just
• 47:30
  live a better life. So Bitcoin allows this. 100
• 47:34
  percent, 100%. All right guys, before we get on
• 47:38
  to the culture, I do want to give a very special shout out to
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  We have a lot to talk about. The Daily Culture.
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  All right, OPD, it's all yours. Let's go.
• 49:41
  All right. So Paul, I think, I think you're
• 49:44
  most famous right now for the work you're doing down in Costa
• 49:48
  Rica. I do have a little couple videos
• 49:49
  here of you paying down there. So I, I don't know if we want to
• 49:53
  start with there. But actually first and foremost,
• 49:55
  what is what is Bitcoin jungle? And also, did you guys get
• 49:59
  inspired by El Salvador? Yeah, so we were inspired by El
• 50:03
  Salvador. We just forked the Bitcoin beach
• 50:05
  while it called it Bitcoin Jungle.
• 50:06
  I have nothing to do with the founding of it.
• 50:08
  I just kind of, you know, heard the signal, went there.
• 50:11
  We're living in one part of Costa Rica and then moved down
• 50:14
  to the Uvita area. And yeah, it's just fork and it
• 50:19
  started in the markets and you could buy everything with
• 50:22
  Bitcoin. It's like expanded to
• 50:23
  restaurants, hotels, everywhere. And now what you're seeing in
• 50:27
  the video is there's actually an off ramp.
• 50:29
  So if this guy doesn't accept Bitcoin yet, I'm working on this
• 50:32
  guy, You can actually sell it with a Costa Rican Venmo, which
• 50:37
  is called Sin Pay. So that's what I'm doing there.
• 50:39
  I'm selling Bitcoin for orange juice because I have $0.00 and I
• 50:44
  use Bitcoin only. Let's go.
• 50:46
  OK. So on the ground, how many you
• 50:50
  you mentioned it, how many stores and restaurants?
• 50:52
  And is there like a thriving community?
• 50:53
  Is there's a small community like what's going on down there?
• 50:56
  Yeah, it's getting legit now. I used to hesitate when people
• 50:58
  would call it or call it a circular economy, but it's
• 51:01
  getting quite circular now. That's El Salvador.
• 51:05
  But yeah, there's 300 plus merchants in Evita and then we
• 51:10
  have a map within the app that's got you know, docs where all the
• 51:13
  merchants are. I've been spending time in Santa
• 51:15
  Teresa getting like a small group like hotels and
• 51:18
  restaurants on board and gyms and but it's it's cool.
• 51:23
  We've been in. I've always like, I'm very
• 51:25
  curious, I always ask the farmers at the market like yo,
• 51:28
  what do you guys do with the Bitcoin?
• 51:29
  And they're always like we usually just save it and then
• 51:33
  sometimes we spend it within and then they they hardly ever sell
• 51:35
  it. So pretty cool.
• 51:38
  OK. So how long have you been down
• 51:39
  there and and then like what's the process?
• 51:42
  Of onboarding, you know. I know, but it's this is the
• 51:45
  Bitcoin jungle. Yeah, might as well plug John's
• 51:49
  Retreat. Retreat.
• 51:51
  He's having a retreat soon. Like there you go.
• 51:53
  It doesn't sound like that in Bitcoin jungle.
• 51:55
  Come spend some stats, see what it's all about down there.
• 51:58
  So how long have you been down there?
• 52:00
  Yeah. How long have you been down
• 52:01
  there? Been in Costa Rica since
• 52:03
  December of 2021 and since then I just never really left.
• 52:08
  I came down. I drove from California all the
• 52:11
  way to Costa Rica with. You drove Amazing.
• 52:13
  Yeah, it was a mission. I had a bunch of baseball gear
• 52:16
  for Nicaraguans in my truck and I just like played Santa Claus
• 52:20
  as I went through Nicaragua and donated a bunch of gear.
• 52:24
  But the one of the outside missions of that whole trip was
• 52:28
  to go stop in El Salvador for the first adopting Bitcoin
• 52:32
  conference of bone marrow. And I was a closet maxi for
• 52:37
  years and just never met bitcoiners in my life.
• 52:42
  So if any of y'all are just closet Maxis in there, you know,
• 52:44
  never not going out and meeting in meet space, I highly
• 52:47
  recommend that because ever since that day just kind of
• 52:50
  changed my life and have been just kind of following the
• 52:53
  Bitcoin signal since then and it's been great.
• 52:56
  Love it, love it. OK, so I'm guessing that maybe
• 53:00
  you've gone through the process of orange peeling some of these
• 53:02
  merchants yourself. So like, what's that process
• 53:05
  like and and how can other people learn from that?
• 53:08
  Well, yeah, the process. I mean, right now Bitcoin jungle
• 53:13
  has reached this kind of culture like it's people are aware of
• 53:16
  it. Obviously now it's pretty big.
• 53:20
  The wallet of Satoshi was such a great orange peeling tool and so
• 53:24
  is Bitcoin jungle because all you got to do is put in, put in
• 53:28
  your phone number and then you can just already accept Sats.
• 53:32
  So it's pretty quick and easy and I like to just send it to
• 53:35
  him right away and have them like see how quick the Lightning
• 53:38
  Network can work and go from there.
• 53:41
  I usually now that we have this Cinpay off ramp, it used to be
• 53:45
  just Lee, the guy who founded the app walking around with cash
• 53:48
  to offer people to cash out and now there's an off ramp right
• 53:51
  away. It's like I just tell this guy
• 53:52
  on the beach, Jose, like yo, if you need to sell some, you could
• 53:56
  just do it right there with Cinpay.
• 53:57
  And I actually show him the Cinpay like the Venmo like off
• 54:00
  ramp that's built within the app that doesn't have KYC.
• 54:04
  That's absolutely badass and simple and yeah, but this guy,
• 54:08
  another example, he started holding Bitcoin and I was like,
• 54:11
  what are you going to do with that?
• 54:12
  He's like, these are just for saving.
• 54:13
  He prefers Bitcoin. So if you're ever down in Playa,
• 54:15
  Hermosa, Nirovita, go get a lesson from him, spend some
• 54:18
  Sats. And yeah, we've been doing some
• 54:20
  more interviews like this. We'll post some more of these
• 54:22
  soon talking about, you know, some of the vendors unique
• 54:26
  stories with Bitcoin. It's like actually happening
• 54:28
  down here. That's awesome there.
• 54:30
  There's a pretty big community there as well, right?
• 54:34
  Like I I, I know personally, I'm not going to dox them or
• 54:37
  anything, but I know some good friends of mine that are
• 54:40
  bitcoiners that they're pretty pretty big pretty reputable
• 54:43
  pretty influential in the space that have decided to go to Costa
• 54:48
  Rica and kind of set up shop and just kind of live there and
• 54:50
  stuff. So can you talk a little bit
• 54:52
  about that about the Bitcoin I? Think everyone knows who you're
• 54:54
  talking about, But yeah, let's not dox them.
• 54:56
  I mean, we can go ahead and dox, you know, what's the name for
• 54:58
  full Bitcoin, but. I'm I'm not just talking.
• 55:01
  Francis is obvious, and he makes his.
• 55:03
  Presence. OK, good, you won't.
• 55:04
  I won't dox the other ones either then.
• 55:06
  But he's the one that helped with the sin pay off ramp.
• 55:10
  And it it is interesting. Like there's something about
• 55:15
  Central America Bitcoin, like Freedom Health.
• 55:20
  I work for Paul Saladino as well.
• 55:22
  Like, I don't know, there's a lot of people coming down, some
• 55:27
  that just check it out and some have come down and started
• 55:29
  living there. It's like almost this return to
• 55:31
  nature. And that's kind of big in the
• 55:33
  Bitcoin space, at least in my echo chamber.
• 55:36
  And yeah, we're really attracting a lot of bitcoiners.
• 55:40
  I love it. Yeah.
• 55:42
  Absolutely incredible. But I do want to touch on one
• 55:44
  thing that you said and I I think it's kind of goes into the
• 55:47
  meme of, uh, you know Bitcoin changes you.
• 55:49
  You don't change Bitcoin. And I think the signal here is
• 55:52
  you saying that they're not going back into their, you know,
• 55:56
  local Fiat currency. They're like, no, I'm hotter
• 55:58
  than this Bitcoin. Whether they know the hotter
• 55:59
  meme or not, they understand that saving in Bitcoin improves
• 56:04
  their lives and it's it's kind of amazing that it's happening
• 56:07
  organically. It's like no one's telling them
• 56:08
  to really just like hotter your Bitcoin.
• 56:10
  They're like Nah, like. Yeah, I mean that that meme of
• 56:13
  Bitcoin might be worth $1,000,000 one day.
• 56:14
  Like, yeah, maybe. So if you're not scared, you
• 56:17
  hold a percent of your wealth in there.
• 56:18
  Oh, look, it's 2%, three percent, 10% of my wealth.
• 56:21
  Oh shit. What's happening?
• 56:22
  All right, what is this Bitcoin stuff?
• 56:24
  It's kind of what happened to me, like, just graduated from
• 56:27
  college and threw my check in there.
• 56:29
  And then it was like, wait a minute, this is like all my net
• 56:31
  worth of the sudden, And what is this stuff that forced me down
• 56:34
  the rabbit hole? I had to learn, became
• 56:36
  sovereign. And then I've been chasing that
• 56:38
  signal ever since. Love it, love it.
• 56:41
  And then it doesn't help with yeah, look at me, there's my
• 56:43
  bank account. Like, I I tell them like, look,
• 56:46
  I have $0.00. I might be crazy, you don't have
• 56:49
  to be like me. But there's people like this
• 56:51
  that exist and maybe that helps. No, bro, I feel like that's the
• 56:54
  right approach for. Wait, hold on, hold on.
• 56:58
  I get those same emails, bro. It was not scary, Yeah, but
• 57:05
  orange peeling your local Barber, that's the way.
• 57:08
  By the way, Like, he's literally the guy in the center of the
• 57:10
  town. He talks to everybody.
• 57:11
  He doesn't. He's got these big Bitcoin flags
• 57:13
  now or, you know, signs. And I was just talking to this
• 57:16
  guy. He was like, yeah, I saw this
• 57:17
  sign Bitcoin in the Barber. I just met him the first time.
• 57:19
  He's like, uh, huh. And so little by little, pretty
• 57:23
  cool. He has Argentinian, so he gets
• 57:25
  it. There's a lot of Argentinians in
• 57:26
  the other place. I live in Costa Rica and they
• 57:30
  all kind of just have the the scars, right, the Fiat scars and
• 57:33
  from the hyperinflation, inflation, whatever currency
• 57:36
  devaluation should show. So I here, I wanna talk about
• 57:42
  the mindset over there kind of in Costa Rica, right?
• 57:47
  I feel like just kinda getting the energy off of you and just
• 57:51
  the energy off of these pictures and these videos and whatever.
• 57:55
  It really seems like people like have achieved some type of Zen,
• 57:59
  some type of peace, you know, some type of happiness.
• 58:03
  Obviously there's poverty there as you know, it is Central
• 58:05
  America after all. But you know, I, I do see some
• 58:08
  level of of peace that I don't think you can see in the US You
• 58:14
  don't really and you don't really find that.
• 58:15
  It's always the hustle and bustle, It's always the, the
• 58:18
  endless grind. Seems like life is a little bit
• 58:21
  slower over there, but I mean that in a good way of course.
• 58:25
  I mean, yes and no. There's not absolute poverty
• 58:28
  over there. You know, as you saw the video I
• 58:29
  was teaching NVK. He's like he was talking about
• 58:32
  just the difference between, you know, some places in Brazil.
• 58:36
  And it's not, it's not what's the word like empty.
• 58:39
  There's there's hope. There's some hope.
• 58:41
  But what's bigger than that is there's this word per Vida, I
• 58:45
  say all the time. That's ingrained in the culture.
• 58:48
  It means pure life and I think just that software runs in the
• 58:53
  back of everybody's head. It's completely overtaking my
• 58:55
  brain and just shit happens Per a Vita.
• 58:58
  Great things happen per a Vita, good waves per a Vita.
• 59:01
  So I I swear that's kind of this in the minds of all the people
• 59:05
  and it gives just that little reminder.
• 59:08
  So what is that? And I was just.
• 59:10
  What does that? Mean.
• 59:11
  It's just an El Salvador like and it means pure life.
• 59:14
  But you. Don't know.
• 59:15
  Everything you stay after, high by.
• 59:17
  But like what does it mean? Like what is, what is the
• 59:18
  essence of that? So, so there's a really to to
• 59:20
  kind of give a little bit of context and preface.
• 59:22
  Like there is a very famous, the very famous franchise here in
• 59:28
  Miami and the name of the franchise is Pura Vida and they
• 59:31
  have some of the most delicious like kind of organic wraps and
• 59:36
  smoothies and all that stuff. But what is the essence of Pura
• 59:39
  Vida? To me, I could just speak for me
• 59:43
  and I'm the Tico. I'm just like a gringo that's
• 59:45
  moved down there for three years now.
• 59:46
  But like, it's just a reminder to take care of the earth,
• 59:50
  return to earth, pure life, right.
• 59:52
  And it's a reminder to just relax, per Vita shit's going to
• 59:59
  happen. And I I think, yeah, like I was
• 1:00:02
  saying, it's kind of infected all the people down there.
• 1:00:04
  So it is kind of maybe a little bit of a slower pace of life.
• 1:00:07
  Your truck's going to breakdown per Vita.
• 1:00:10
  And it's a good mental software to run.
• 1:00:12
  And one of, yeah, kind of like hakuna matata.
• 1:00:14
  Nice. It's exactly that.
• 1:00:16
  And we were just talking, I was in El Salvador talking to
• 1:00:18
  someone that's got some influence up there with Bukelli
• 1:00:21
  and whatnot. And he's like, man, we need
• 1:00:24
  something like pura Vida. So ever since then I've been
• 1:00:27
  thinking like how what is another set of words that they
• 1:00:30
  could have that'd be authentic to their country But.
• 1:00:33
  And it's just so good run so deep to the core.
• 1:00:38
  Man, I I see it. I see.
• 1:00:40
  I see the pura Vida within you, bro.
• 1:00:42
  It's in. Your Yeah.
• 1:00:43
  You gotta come feel it though, too.
• 1:00:44
  It's. It's.
• 1:00:45
  It's in your hair. I feel it If I if I'm ever next
• 1:00:48
  to you in Meet Space, I I feel the pura Vida coming out of your
• 1:00:51
  hair. It's radiating.
• 1:00:52
  Yes, Awesome. OK, we we do have a we do have a
• 1:00:55
  question in here in the chat. Do you need Spanish to live in
• 1:01:00
  Bitcoin jungle or or can white people get by with just English?
• 1:01:03
  Not at all. Gringos.
• 1:01:05
  There's a ton of gringos like, you know, I mean, it's better to
• 1:01:09
  connect with Spanish, but you're totally fine.
• 1:01:11
  Like, I try my best. I kind of look a little bit
• 1:01:13
  tico. This is some heart rate monitor.
• 1:01:15
  I don't know why I put this on, but you don't need it at all.
• 1:01:19
  I'm always bummed when they start to speak to me in English
• 1:01:21
  when I'm trying to speak Spanish.
• 1:01:23
  Yeah. Love it, love it.
• 1:01:26
  OK, let's actually last words on Bitcoin jungler and then let's
• 1:01:29
  pivot to your new work with Primal.
• 1:01:31
  And then also let's touch on with the the work you're doing
• 1:01:34
  with Paul. Cool.
• 1:01:36
  So what's the last message you want to get to the audience out
• 1:01:40
  there about Bitcoin jungle in Costa Rica?
• 1:01:45
  My message isn't necessarily about Bitcoin jungle.
• 1:01:49
  I think it's just about your friends and your circles and if
• 1:01:53
  you're obsessed with Bitcoin, you just keep radiating that and
• 1:01:57
  yeah, being that changed and actually taking the time to show
• 1:02:00
  people wallets and stuff. Like it's so ridiculous like how
• 1:02:04
  I spend my day sometimes I don't even I don't make any money.
• 1:02:06
  With Bitcoin jungle, we're not really a business.
• 1:02:08
  We don't make any money. Like we might make money somehow
• 1:02:10
  one day with an exchange in the back end.
• 1:02:12
  But anyways, the amount of wallets I've set up and point of
• 1:02:14
  sales and like it's just this, the human interaction, the human
• 1:02:19
  to human thing with Bitcoin is everything to me, the social
• 1:02:22
  layer. And that also means you got to
• 1:02:25
  be a great representative if people want to get into this new
• 1:02:28
  culty money. I mean, it's a joke, but like,
• 1:02:32
  you know, if you're the serious guy, you have to.
• 1:02:35
  Yeah, like you have to be like, great.
• 1:02:39
  And remember that, like, 'cause people are looking at you, and
• 1:02:41
  if you if you falter in any way, then why would they trust this
• 1:02:44
  money that they set you up with? That is the closest thing that
• 1:02:48
  we have, the truth on the earth. 100% All right, let's pivot
• 1:02:51
  that. Let's go to the work you're
• 1:02:52
  doing with Paul. I don't know.
• 1:02:54
  Is it Saladino? Is that how you say his last
• 1:02:56
  name? All right.
• 1:02:57
  And I think that's a great example of what you just said,
• 1:02:59
  Like you have to be a walking billboard.
• 1:03:01
  So what are you doing with Paul? And then I guess maybe what's
• 1:03:03
  the TLDR with the work you're doing?
• 1:03:06
  Remember, guys, Bitcoin is a cult.
• 1:03:07
  Just just keep that. Yeah, yeah, yeah.
• 1:03:08
  Yeah. Great.
• 1:03:12
  Paul Saladino, if you guys don't know him, he's definitely a
• 1:03:14
  walking billboard And and it actually it made me somewhat,
• 1:03:19
  you know, with my zero bank account, it changed the way I do
• 1:03:21
  this, these things because Paul's a walking billboard, as
• 1:03:23
  in he has a diet that he preaches to all the people or
• 1:03:27
  not even a diet, just a lifestyle and like his thinking
• 1:03:29
  and he shares his thoughts and he lives 100% by those thoughts
• 1:03:33
  because if you have an opinion but you don't live by your
• 1:03:36
  opinion, then you're a fraud. So, so lately I'm running this
• 1:03:40
  Bitcoin experiment down here. I'm like, all right, so I got to
• 1:03:42
  go 1000% CLDR and Paul is just like he's I met him in the gym
• 1:03:49
  in Santa Teresa and that's why we moved down to Evita.
• 1:03:52
  He moved down there and I just kind of followed him over there.
• 1:03:54
  And I've been helping him out with his social media and
• 1:03:56
  helping him scale and it's been pretty crazy.
• 1:03:59
  I feel like we've completely changed the culture.
• 1:04:04
  I mean, everybody's starting to think that vegan, maybe it isn't
• 1:04:06
  there maybe. I mean, I'm in an echo chamber,
• 1:04:08
  but I think culture has changed a little bit around food and
• 1:04:12
  seed oils and just basically the consistent meaning of those
• 1:04:17
  things. Awesome.
• 1:04:19
  What? What is a TLDR on Paul's diet
• 1:04:22
  philosophy? I know, it's like Whole Foods
• 1:04:25
  get a lot of protein. I know he's a huge raw milk
• 1:04:28
  advocate. Oh yeah, baby, we got the best
• 1:04:31
  raw milk over here, and you can pay for it in Bitcoin.
• 1:04:33
  It's so rad. Yeah, really at the essence of
• 1:04:36
  it is eat real food. If you're struggling, then
• 1:04:40
  you're going to have to start eliminating more foods.
• 1:04:42
  And he is his eccentric approach, which is why you
• 1:04:46
  bolted him into fame, is that he doesn't eat vegetables.
• 1:04:49
  And he actually does not because he thinks that those are not the
• 1:04:54
  they've been way over height, which I kind of share that
• 1:04:56
  opinion too. But yeah, eat real food.
• 1:04:59
  Meat is not going to kill you. And if it's in a bag, if it has
• 1:05:02
  more than one ingredient, forget about it.
• 1:05:04
  Just don't eat it unless you have to or whatever.
• 1:05:06
  But that's pretty much it. He he gets way more technical
• 1:05:12
  and will offer his very science, the opinion.
• 1:05:13
  But if you just ditch foods with ingredient labels, your health
• 1:05:16
  is going to rapidly improve. Yeah, and if you just kind of
• 1:05:20
  return to monkey a little bit, as in waking up early, seeing
• 1:05:23
  the sunrise and going to bed shortly after the sun goes down
• 1:05:27
  and eliminating like crazy blue light all the time.
• 1:05:29
  And I mean, he goes way extreme. He unplugs his WI.
• 1:05:32
  Fi Yeah, he does eat fruits though, right?
• 1:05:36
  To be clear, he does eat fruits. Yeah.
• 1:05:39
  And he's like, right there, right?
• 1:05:41
  When the bitcoiners all went carnivore like he was, he was
• 1:05:44
  kind of leading that charge, Yeah.
• 1:05:46
  That's awesome. Great.
• 1:05:47
  OK, Last question, 'cause you are working with Noster and this
• 1:05:50
  is this knock, and he's wondering what social medias are
• 1:05:52
  used for communicating in Costa Rica and on El Salvador.
• 1:05:55
  But you can just talk on the what your experience is in Costa
• 1:05:58
  Rica? Costa Rica?
• 1:05:59
  Yeah, Facebook. Still like those?
• 1:06:03
  OK. All right.
• 1:06:05
  Well, OK, let's talk about your new position at Primal.
• 1:06:08
  What are you doing with Primal and and for anyone out there
• 1:06:10
  that still isn't on Primal? Yeah, what do y'all?
• 1:06:13
  Do, Yeah. What would you tell them?
• 1:06:15
  Yeah, if you want to use Noster, or if you're scarred from noster
• 1:06:18
  10 months ago because it's way too confusing, then just
• 1:06:22
  download Primal and freaking start zapping away and have fun.
• 1:06:27
  Because nobody can rug your NCAG.
• 1:06:30
  Nobody can rug or Noster at all. So get over there and start
• 1:06:34
  being the change because I mean we keep seeing it.
• 1:06:36
  It's so annoying. I see people talk about I'm
• 1:06:41
  censored about it. There's actually something you
• 1:06:45
  can do. You could actually just, you
• 1:06:47
  know, create a spin up and end pump and end SEC private keys on
• 1:06:51
  any Noster client and go use it. Yeah, great. 100%.
• 1:06:56
  For Primal, Yeah, we're just right now.
• 1:06:58
  I haven't even told anybody that I'm.
• 1:07:00
  I've started to work with Primal yet, so this is the first.
• 1:07:03
  Breaking, Breaking I. Have a job guys.
• 1:07:06
  Actually, most people don't think I have a job.
• 1:07:08
  They just think I'm like some rich kid or something.
• 1:07:09
  But that's not true. Yeah, so I just, I'm, I'm
• 1:07:13
  obsessed. I've gone to bed everyday
• 1:07:14
  thinking about it. Just like I used to go to bed
• 1:07:16
  everyday thinking about seed oils like Bitcoin, Noster, free
• 1:07:20
  speech and I think there's a big market for it.
• 1:07:24
  And Primal's the easiest way to get started and they're just
• 1:07:27
  like Bitcoin, how there's like custodial, lightning, self
• 1:07:29
  custody, all that. This is just like the easiest
• 1:07:33
  way to get in there. It's like Wallet of Satoshi was
• 1:07:35
  this is just the easiest way to, you know, show people lost her
• 1:07:38
  and you can download a wallet on there with very limited KYC and
• 1:07:43
  start feeling zaps. And there's so much stuff I
• 1:07:45
  can't talk about that's being planned, that's about to be on
• 1:07:47
  there. It's about to be more fun too,
• 1:07:50
  but it's just social media created with intention as
• 1:07:52
  opposed to what happened where we just made social media
• 1:07:55
  companies instead of protocols. So, protocols over companies,
• 1:07:59
  protocols over corporations. Love it.
• 1:08:02
  Love it. OK, I might put you on the spot
• 1:08:04
  here, Paul, but do you think Primal, or rather Noster in
• 1:08:08
  general, can knock off Twitter's network effects?
• 1:08:12
  That's. I don't know.
• 1:08:13
  I don't think so. It's scary like.
• 1:08:15
  At least he's honest. I have no idea.
• 1:08:18
  Like, there can be. These come to Jesus, come to
• 1:08:21
  nostril, come to Bitcoin Moments, anytime.
• 1:08:23
  Like there's so many advertisements.
• 1:08:25
  We see them all the time on Twitter, you know, and I just
• 1:08:28
  was reading before I hopped on, like, Twitter's coming out with
• 1:08:31
  pretty much tipping a whole wallet.
• 1:08:33
  And, you know, I think they want to have it.
• 1:08:35
  So Twitter's just your bank that you use.
• 1:08:38
  I'm already doing that with freedom.
• 1:08:41
  Like, you got Freedom WeChat or you got Twitter or you got, you
• 1:08:44
  know, the real comedy WeChat in China.
• 1:08:46
  So, I mean, hopefully Twitter won't be that bad, but it's just
• 1:08:49
  it's still going to be surveillance.
• 1:08:50
  You got to put your social, your number, your e-mail, your
• 1:08:52
  everything. Whereas nostril, you don't.
• 1:08:55
  It's. Cool.
• 1:08:57
  Love it. Love it.
• 1:08:58
  OK, just wrapping up, Paul, what would be your last two sets to
• 1:09:03
  the audience? What's the last message you want
• 1:09:04
  to give to the people out there? What's What's the final
• 1:09:07
  embodiment of Paul's message for the audience?
• 1:09:11
  I mean, what else do I say for Avena that's.
• 1:09:18
  It Let's go. Awesome Awesome man.
• 1:09:20
  Well, dude, it seems like that's the next, that's the next trip
• 1:09:23
  we got to do Opti. We got to go to Costa Rica.
• 1:09:25
  And down. We we checked El Salvador off
• 1:09:28
  the list. Now we got to go find out what
• 1:09:30
  Paul and the Pura Vida, Pura Vida crew and country are doing
• 1:09:36
  and just go down to Bitcoin jungle.
• 1:09:38
  I've heard good things about it but I got to go experience it in
• 1:09:41
  the flesh. Anyways, Paul, thank you so
• 1:09:42
  much. Wait, wait, wait.
• 1:09:46
  Nika. To cut you off again like every
• 1:09:48
  other show. Paul.
• 1:09:49
  What's what? What do you want to plug?
• 1:09:50
  Where can people find you? Do you know your Do you know
• 1:09:52
  your npub? NP Paul in the jungle everywhere
• 1:09:57
  except for Twitter, 'cause somebody already has that.
• 1:09:59
  So Paul in the jungle on all the normie platforms and Noster and
• 1:10:02
  then the philosophy on Twitter. Philosophy.
• 1:10:05
  All right guys, go fall. Paul in the jungle.
• 1:10:07
  Philosophy. That's where you can find Paul
• 1:10:09
  and all the on the on the interwebs.
• 1:10:12
  But guys thank you so much for tuning into another episode.
• 1:10:14
  Simply Bitcoin live. If you enjoyed the show, you
• 1:10:15
  know what to do. Smash the like button.
• 1:10:17
  Consider subscribing if you feel like we provided you value.
• 1:10:20
  But the number one thing you could do to help push the
• 1:10:22
  peaceful Bitcoin revolution. Do what Paul's doing.
• 1:10:25
  Just don't have a bank account Bitcoin standard for the win and
• 1:10:30
  keep getting those emails from Bank of America and Wells Fargo.
• 1:10:35
  Anyways, Paul, thank you so much for joining us today.
• 1:10:37
  I appreciate it. Thanks guys.
• 1:10:40
  All right guys, we're back tomorrow for a new episode of
• 1:10:43
  Simply Bitcoin Live. Stay tuned for Simply Bitcoin
• 1:10:45
  Original Dropping hot fire Ruston and John later on today.
• 1:10:49
  Peace out, everybody. This episode was brought to you
• 1:10:54
  by bitcoinwell.com on a mission to enable independence.