Latest / Simply Bitcoin / BREAKING: Fidelity BUYS 49,000 Bitcoin | EP 915
Transcript
- 0:03It's. All going to zero against
- 0:06Bitcoin. It's going up.
- 0:08Forever. You're against Bitcoin.
- 0:17You're against freedom. Yeah.
- 0:20Welcome to another episode of Simply Bitcoin Live.
- 0:22We're your number one source for the peaceful Bitcoin evolution
- 0:25and cover breaking news. Culture, Matic Warfare.
- 0:27We will be your guide through the separation of Money and
- 0:29state. Another crazy Day in ETF land.
- 0:33Check out this headline from this article.
- 0:35Fidelity Inflows Smash Grayscales Outflows as $255
- 0:41Million enters the US market. And of course I'm talking about
- 0:46255,000,000 flowing into Bitcoin.
- 0:49That's kind of a big deal. This is another vindication for
- 0:52Michael Saylor. I never forget his face at
- 0:56Pacific Bitcoin 20/22. He was sitting in the front row,
- 1:00he was watching all the talks. But Bitcoin was sitting at like
- 1:0316,017 thousand at this time. This guy's face, I mean, you
- 1:09know, of course we've all been through that.
- 1:11We've all paid our price of tuition.
- 1:12But this man was down billions of dollars.
- 1:14He had a public company behind him.
- 1:16He had shareholders behind him, and he stuck it through.
- 1:19And this is vindication. This is him winning.
- 1:21I think his average price per Bitcoin was about 31,000 or 30K
- 1:25per coin. You know what?
- 1:27The guy's up. Billions of dollars in his, in
- 1:29his, in his investment. And this is just the very, very
- 1:34beginning. So we're going to cover all of
- 1:36that. We have an article for you guys
- 1:37as well. Google has now allowed ETF ads.
- 1:41So if you search Bitcoin ETF on Google, the very top, the very
- 1:45top search results, it will be ads for the Bitcoin ETF.
- 1:49So it seems like Wall Street is embracing it.
- 1:52I tweeted out this meme of a Trojan horse.
- 1:55They have no idea what they let inside.
- 1:57They couldn't resist bitcoins incentives.
- 2:00And in other news as well, you had Janet Yellen saying the
- 2:03quiet part out loud, saying basically that the government,
- 2:06the Fed doesn't have the capability to lower prices,
- 2:09right. But they always talk about that
- 2:10how inflation is going lower, but they never talk about the
- 2:13fact that just because inflation is going lower, that doesn't
- 2:17mean that the prices are going to go back to where they were.
- 2:20That just means that the rate of increase of prices slightly
- 2:24slows down, right. So they ever talk about all
- 2:26that, this is all about education.
- 2:28This is all about, you know, really getting, getting people
- 2:32to understand what is going on. And Speaking of education,
- 2:35Speaking of tools, we have a, we have a great guest today.
- 2:38He's the author of Bitcoin Evangelism.
- 2:40If you buy this book, it's a great tool that you can use to
- 2:44orange pill your friends, your family, all coiners, every
- 2:48single person. So anyway, it's going to be a
- 2:50great show. Speaking of our guests, I'm
- 2:52going to let them up and thank you so much for joining us.
- 2:55I had to show your book because it was perfect.
- 2:57I did not plan it, but it was a perfect segue when I was talking
- 3:00about education and educating the people around you.
- 3:03So welcome my friend. Welcome back to Simply Bitcoin.
- 3:07Thanks brother. I appreciate the the plug.
- 3:09I'll. I'll make sure to send you 5
- 3:12bucks in Bitcoin for that extra little dude.
- 3:14I don't want your money. You did.
- 3:15You did that free of charge. I appreciate it man.
- 3:17Thank you. But no, I mean that's the that's
- 3:20the way, right. It's it's it's we have to think
- 3:22about baby steps along the way. We're in the education phase,
- 3:25whether we like it or not. We want to be on, we want to be
- 3:28on step 10 right now. But man, we still have so many
- 3:30people to Orangeville and a lot of the low hanging fruit for
- 3:33Bitcoin is, is the altcoin space, right.
- 3:36A lot of us went through an altcoin phase to get to Bitcoin.
- 3:39And I mean, if we can, if we can educate that space, then then
- 3:44you're talking about millions of bitcoiners.
- 3:45Essentially overnight people wake up.
- 3:48At different times, people get Bitcoin at the price they
- 3:50deserve. But still, nonetheless, we all
- 3:52benefit from a hyper bitcoinization which is mass
- 3:55adoption. Absolutely, 100%.
- 3:57And your Co host who is optimistic today, I do see Tatum
- 4:01in the chat, we have to could you ban him?
- 4:03Opti, please could you get him out of here?
- 4:05Yeah, no, we have admins in there.
- 4:06Ban Tatum. He's not allowed.
- 4:08Yeah, yeah, we can't have Tatum in here.
- 4:11But anyways, how you doing, Opti?
- 4:12What's up? Man, I'm doing good, man.
- 4:14You seem optimistic. Yeah, life's good.
- 4:16God's good. Everything's great, man.
- 4:18This is. It's so beautiful being on the
- 4:21Bitcoin standard, especially considering all the crazy stuff
- 4:24happening in the world. You can just kind of sit back
- 4:27and observe clown world and be like man, look at everyone going
- 4:30crazy. All they need to do is saving
- 4:33Bitcoin and watch the clown show happen.
- 4:35But as Brian is saying, we are still in the education phase and
- 4:39and I'm super excited to get Brian on the show today.
- 4:41I I love when great speakers come on the show, 'cause we can
- 4:44just sit back and and let them rant.
- 4:46And Brian's one of those guys. So I'm sure you guys are going
- 4:50to love the culture today. And no, yeah, that's going to be
- 4:54a great show. I'm excited and man on this ETF
- 4:56news, I know, I know we're all tired about talking about the
- 4:59ETF, but they are scooping up so much Bitcoin.
- 5:03I why is the price still going sideways?
- 5:05What's going on here, man? They're taking all the Bitcoin.
- 5:08I hope you guys are stacking still.
- 5:10Yeah, I hope. I hope you guys are stacking
- 5:12because they're going nuts. Wall Street is going nuts and
- 5:15and it's crazy because the bull market hasn't even started yet.
- 5:17The price hasn't even really started to like, you know, go up
- 5:20yet and when you have all these, you know, and of course, I I
- 5:23don't mean this in any type of derogatory fashion.
- 5:26My parents are boomers, but the reality is that boomers.
- 5:29We're having on boomers again. No, we're not.
- 5:30We're not. We're not.
- 5:31Boomers have the lion's share of the wealth.
- 5:35Like that's the reality, right? And the ETF is a great mechanism
- 5:39for get for them to get exposure in Bitcoin without them having
- 5:43to sign up to, without having, without them having to jump any
- 5:47extra hoops, Let's just pull it nicely like that.
- 5:50So yeah, I mean, I think it is kind of a big deal in terms of
- 5:52price, but the revolution is self custody, right?
- 5:55It is self custody. It's about people taking custody
- 5:58of their wealth, people taking back sovereignty.
- 6:00So it's two separate things, like the ETF will be potentially
- 6:03bullish for price. I think it will be, but from the
- 6:06revolutionary aspect, I don't know man.
- 6:09I I think a lot of people are going to get comfortable with
- 6:13government Bitcoin, AKA Bitcoin ETFs.
- 6:16So anyways, it's going to be a great show guys.
- 6:19No more delay. Let's jump straight into it.
- 6:21Let's hit the numbers. Here we go the Bitcoin numbers.
- 6:27Is your Bitcoin and cold storage really secure?
- 6:30Is your seed phrase really secure?
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- 7:28you guys. You have no excuse if you lose
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- 7:55on Titanium. At the time of recording, the
- 7:57Bitcoin price is 43,415 stats per dollar 2303 block height
- 8:03828,129 blocks to having 11,871 having estimate April 20th,
- 8:102024. Total lightning network capacity
- 8:134904 Bitcoin capacity value 212 million U.S. dollars Realized
- 8:20monetary inflation 1.74%. The market capitalization is 851
- 8:27billion U.S. dollars. Bitcoin versus gold market cap
- 8:30is 6 point 6.18%. On the grand scheme of things,
- 8:34we are still in the very beginning of this party.
- 8:37The party hasn't even started yet.
- 8:39Anyways, this is nuts. This is crazy.
- 8:44Here's Janet Yellen, U.S. Treasury Secretary.
- 8:47She was also the head of the Fed I met.
- 8:49She was also chairman of the Fed I met at Right.
- 8:51So talk about the revolving door.
- 8:54Anyway, she it seems like she said the choir part out loud.
- 8:56I'll play you guys the clip and then we'll talk about it.
- 8:58Here we go. How do you convince Americans
- 9:01and voters that those prices might not go back to where they
- 9:04were before the pandemic? Well, I think most Americans
- 9:09know that prices are not likely to fall.
- 9:13It's not the Fed's objective to try to push the level of prices
- 9:19back to where they were. How do you convince a couple
- 9:23things, right? Like, this is just so excuse my
- 9:26language, ladies and gentlemen. This is a, you know, a family
- 9:29friendly show. But I think because of this
- 9:32specific example, I'm going to have to say it, this is fucking
- 9:36lunacy. Like, this is insane.
- 9:37Like, she's like, how are you going to convince Americans that
- 9:40the price of things are going to go down?
- 9:42And then she's basically saying, yeah, it's not the Fed's
- 9:44objective to make things go down.
- 9:47And then another thing right, is that it?
- 9:49They continue to blame other things like the pandemic.
- 9:53You know, my my favorite was like the war in Ukraine, the
- 9:57supply chains. I remember hearing that 1000
- 9:59times right then hearing there was going to be no inflation.
- 10:02That was another, you know, gaslight that we heard for so
- 10:05long. Just it reason after reason
- 10:07after reason after reason blaming everyone and everything
- 10:11but themselves, even though they are solely responsible for this.
- 10:15This is the M2 money. So this is literally from the
- 10:21Fed website itself. It literally shows you check
- 10:24this out, this is right when the pandemic happened, this is all
- 10:27the money they printed, right? And this had secondary effects
- 10:31by the way, you want to know what you can't afford a home.
- 10:35There you go. Why did this happen?
- 10:37Because every time they print money, it's a wealth
- 10:39redistribution mechanism from the lower middle classes that
- 10:43don't have the means to save an assets.
- 10:45Therefore they don't benefit from asset inflation back to the
- 10:48very wealthy that do that do have the ability to save an
- 10:51assets and back to the government that isn't being
- 10:54discussed right. Like that journalist in my
- 10:58opinion didn't ask the right question.
- 11:00The right question is why does money have to decrease in
- 11:04purchasing power in the 1st place?
- 11:05What is money right? And I think this is where
- 11:08Bitcoin really is a thorn in the ass for them.
- 11:11This is why Bitcoin is so important.
- 11:13This is why they can't make Bitcoin go away.
- 11:15This is why they resort to gaslighting.
- 11:17This is why they say Bitcoin is for money laundering, Bitcoin is
- 11:20for terrorism, Bitcoin is for this.
- 11:22When they talk about CBD CS they talk about bringing, bringing
- 11:27more efficient payments. Even though in the United States
- 11:29you don't need more efficient payments.
- 11:30You have Zelle, you have cash app, you have Venmo, you have
- 11:33PayPal, you have all those other you know you have ramp for
- 11:36reimbursements for companies. You have all these like products
- 11:40that come from the private sector that facilitate efficient
- 11:44payments. Why do you need a central bank
- 11:46digital currency? And why don't they ever mention
- 11:49the, the reason as to why people are using an alternative in the
- 11:541st place? It's inflation, dummy.
- 11:57It's the loss of purchasing power.
- 11:59That's what it's about. But they can never admit that,
- 12:02right? So our job as bitcoiners, Brian,
- 12:06you owe me $100. Now arm yourself with the tool
- 12:09as well. So you have no excuse.
- 12:10We're going to talk about that. But listen, our job as
- 12:14bitcoiners is to educate the people around us that it's not
- 12:19left versus right, it's not red versus blue.
- 12:21Whatever political party gets in power, they do the same freaking
- 12:24thing. They print a ridiculous amount
- 12:26of money and they give it to their friends.
- 12:28It's really the party of orange versus the party of Green,
- 12:32right? Whoever you vote into office
- 12:35isn't going to make a difference.
- 12:36And because it's 2024, I have to tell everybody in the audience,
- 12:40it's your duty to get out to vote by putting your Bitcoin in
- 12:44self custody because that's the most important vote that you can
- 12:48make. That's the that's the vote that
- 12:50will actually make a difference. That's the vote that will
- 12:53actually change things because like, it doesn't matter.
- 12:57It doesn't matter whether you vote Trump or Biden.
- 12:59And they're going to do the same exact thing.
- 13:01Now we are making progress in the political space, and I think
- 13:04that's because we are winning the culture war, in my opinion,
- 13:08Not the culture war that everyone's talking about, but
- 13:10the Bitcoin culture war, right? You had the political candidate
- 13:14Donald Trump mentioned that if you were to get elected he would
- 13:16be against CBD CS. We had all the front runners on
- 13:19both political aisles by the way, RFK Junior, Vivek
- 13:22Ramaswamy, Ron DeSantis all talking about how there'd be
- 13:25anti CBDC pro Bitcoin. So we are making progress,
- 13:29right? But you really want to move the
- 13:31envelope, Buy Bitcoin, mine Bitcoin, earn Bitcoin and take
- 13:34that Bitcoin into self custody and do it properly.
- 13:37Because if you do, if you don't do a property properly, that's a
- 13:40very uncomfortable conversation you're going to have with your
- 13:42grandchildren. Any.
- 13:43Exactly. Stamp, seed vote with your
- 13:45hammer. Love that.
- 13:46Anyways, I'm going to pass it on to Brian.
- 13:50Brian, what are your thoughts on this?
- 13:51I mean, dude, you you literally wrote a book called Bitcoin
- 13:56Evangelism, Planting Seeds for the Centralized Revolution.
- 13:59So I know that you know how important education is in this
- 14:03fight, right? That that the the questions were
- 14:06just so wrong from that reporter.
- 14:08Like they weren't even the right questions in the 1st place,
- 14:12right? So anyways, I want to get your
- 14:13thoughts on that. Well, so this is perfect.
- 14:16OK, so you just said Bitcoin evangelism.
- 14:20The my my debut book, the book that I'm writing right now
- 14:22that's going to be launched next month is is I I quote simply
- 14:26Bitcoin. You have two big quotes in the
- 14:29book. One is is just a quote that's in
- 14:31the book. Another is the entire title of
- 14:33the chapter. Chapter six of the book is
- 14:37called Tweets Are the Bullets and memes are the Artillery.
- 14:41You guys say that all the time we're in nomadic warfare.
- 14:44We're in information warfare. It's in an education warfare
- 14:47that's the that's the battlefront.
- 14:49Now how lucky are we that that instead of having to pick up
- 14:51muskets and March to the front lines that the warfare is is one
- 14:55of information and one of education.
- 14:57So we're blessed in that regard and and like you said, it's it's
- 15:01a matter of voting with our time, our attention, our money.
- 15:06But bringing it back to the education point, asking that
- 15:09question what His money is profound.
- 15:11But then we can maybe even take that one step further asking
- 15:15people why does a central governing body have the
- 15:18authority over money? Like, like in principle.
- 15:20I mean this is the best this, you know, there's an old saying
- 15:24the best deception the devil ever made was convincing mankind
- 15:28that he didn't even exist. Like the devil doesn't need to
- 15:30get you to sell your soul to him.
- 15:32The devil just needs to convince you that he doesn't exist and
- 15:34then he gets you off the path. That's kind of what happens with
- 15:38central bodies. They they they tailor the
- 15:42conversation to how much money should we print?
- 15:44Should we print a lot if you're a Democrat or should we just
- 15:47print a little bit if you're a Republican?
- 15:48That's the wrong question at all.
- 15:50It's like, why do you even have the right to decide how much
- 15:53money I, you know gets to gets to be in our society?
- 15:57You look back at history. Anytime that a central governing
- 16:00body makes the decisions for the collective, it ends poorly.
- 16:04Like in the USSR, when the shoe, the central governing authority
- 16:07over shoes, had to decide how many shoes to produce for the
- 16:10next year, Well, there was always people that would walk
- 16:13around barefoot because the the governing authority couldn't
- 16:16figure out the right amount of shoes to make for society.
- 16:18They either produce too much and then that means that in other
- 16:21parts of society people had too little, or if they didn't
- 16:24produce enough shoes, then people walked around barefoot.
- 16:27Central governing authorities never make the right decisions.
- 16:29And even when they have the best of intentions, when you think in
- 16:33terms of the collective rather than the individual, it it hurts
- 16:37the individual. So I don't know how many people
- 16:39are familiar with Alan Turing. His team was the was the team
- 16:43that cracked the Enigma machine of of of the Nazis which was the
- 16:47cryptographic messaging system that the Nazis used to
- 16:50coordinate military strikes. Well, a lot of people don't know
- 16:53if if they are familiar with that.
- 16:55They don't know that Alan Turing his team cracked out in 1941.
- 16:59He cracked it four years before the end of the war.
- 17:01We kind of historically think, oh, they cracked it and then we
- 17:04won the war. No, the sad reality is, and this
- 17:07mighty, this probably was the right call, but it just shows
- 17:10that even when you have good intentions, like actually good
- 17:12intentions and you have to think about the collective,
- 17:15individuals get hurt. So they cracked it.
- 17:17They cracked the code in 1941, but they took a strategic they
- 17:22they went forth strategically and said, you know what, We
- 17:26don't want the Nazis to know we've cracked this code.
- 17:29So what we're going to do is we're not going to, we're
- 17:31actually not going to respond to every military coordinated
- 17:34attack that the Nazis do. So what that means is they
- 17:37actually let civilian vessels get attacked by submarines.
- 17:43So there was Americans, there's thousands of Americans and
- 17:45British civilians that died crossing the Atlantic.
- 17:48They were sunk by Nazi ships that the Allies knew was going
- 17:52to happen. The reason they did that, they
- 17:55they said because if we intercepted those, those
- 17:57military strikes on civilians, then we would have given away
- 18:01the fact that we we, we cracked this code.
- 18:03So in the name of the collective, even with good
- 18:05intentions to win the war, there was thousands of civilians that
- 18:09would have not otherwise died if it wasn't for central planning.
- 18:12So whether they have nefarious nefarious intentions or even
- 18:16good intentions to win the war, central planning for the
- 18:20collective never ends up well for the individual.
- 18:23There's a great movie of that story, by the way.
- 18:26It's called The Imitation Game. It's with that actor, Cumber.
- 18:29I always have trouble pronouncing his last name.
- 18:32Cumberbatch. Something like that.
- 18:34Benedict. Benedict.
- 18:35Cumberbatch. Exactly.
- 18:36And also not to mention as well, is that he also got punished as
- 18:40well. Like at the time, you know,
- 18:43society wasn't as open to different sexual preferences, to
- 18:46put it nicely, And they ended up forcing him.
- 18:50They ended up forcing chemical crash castration on him.
- 18:53So Can you imagine the first computer, like a lot of people
- 18:56credit, you know, the Turing machine as the first computer
- 18:58ever invented. They give him credit for that.
- 19:00Could you imagine that guy invented that machine, saved,
- 19:03you know, the allies countless, countless lives.
- 19:06You know, basically, you know, help beat you know, the access
- 19:09powers. Then they castrate them
- 19:12chemically. Like that is the state for you.
- 19:14Ladies and gentlemen, that is central planning.
- 19:17Yeah, I 100% agree. But This is why we're here.
- 19:19This is why we're bitcoiners, right?
- 19:21With the separation of money in state, you know, I think we can
- 19:24end we have a possibility of ending ending those endless
- 19:27wars. I don't think World War 2 would
- 19:28be possible without Fiat money. Right.
- 19:31You. That's a whole other rabbit
- 19:32hole, right? Anyways, Opti, I wanna get.
- 19:35I wanna get your take on this. I know, I know, We've been
- 19:38talking about all these subjects, but it's fascinating.
- 19:40What's your take on one of your exes?
- 19:43Janet Yellen. But before I pull that up, I do
- 19:47want to remind everyone right now on YouTube we do have.
- 19:51It's a very important one. And the question is, should Opti
- 19:56get back together with Chrissy Lagarde?
- 19:59The vast majority have said yes, We do need someone inside the
- 20:03wire. So Opti, what is your comment on
- 20:06your ex-girlfriend Janet Yellen? What's going on there?
- 20:09Well, well, I'm. I'm really just gonna be a
- 20:13little more sarcastic than I usually am.
- 20:15Well, actually, probably just as sarcastic as I usually am.
- 20:18I thought inflation was transitory.
- 20:20What is going on? Remember when they were telling
- 20:22us that, oh, inflation's gonna come down?
- 20:24We don't know how it's going to happen, but it's gonna come
- 20:27down. And now the narrative is shifted
- 20:29to, oh, I think Americans know that prices are going up
- 20:32forever. It's literally the reverse of
- 20:34the Michael Saylor It's going up forever meme.
- 20:37They're like, yeah, sorry guys. Like, it's not our man day to
- 20:40try to drop inflation. Even though wasn't Jerome Powell
- 20:43talking about, like, reversing inflation all of last year?
- 20:47And now they're like, yeah, sorry guys, we just give up on
- 20:50this like it. Sorry, you're going to get
- 20:52poorer. This is not our job.
- 20:54This is not what we care about. And it's just absolutely
- 20:56incredible. But I mean, to her credit,
- 20:59whether she meant to or not, like she did kind of admit to
- 21:04what we've been saying for a long time, guys, they printed
- 21:0740% of all dollars that ever were created in 2020.
- 21:11So this definitely ensures that prices will never go down again.
- 21:15It is mathematically impossible. Like the money is broken.
- 21:18They have to continue to print money to keep the economy going.
- 21:22Like at least we're kind of getting to the bare bones signal
- 21:26of what's going on here. It's like, yeah, there is a
- 21:28problem and it is the fact that they continue to print money and
- 21:33hopefully like what Brian was saying that Americans or rather
- 21:37the world in general wakes up to the to what Fiat money is, do
- 21:41what having a state apparatus literally decree on you what
- 21:46money is and then continue to have the power to print more and
- 21:50more money at will. Hopefully people are starting to
- 21:53realize what the ramifications of this are.
- 21:56It's making us all poorer. This is why we come on here
- 21:59every single day and we say to you it is simply Bitcoin.
- 22:02You want to hold on to something that cannot be debased. 21
- 22:07million hard cap is the most important feature of Bitcoin
- 22:10minus everything else. You know, censorship resistant,
- 22:12permissionless, the fact that you can, you know, send money
- 22:15around the world in 10 minutes and have into instant
- 22:18settlement, you know, all those other things are also features
- 22:21of Bitcoin. But the main problem for all of
- 22:24us around the world and why people are flocking to Bitcoin
- 22:27is because your paper money is getting cheaper and cheaper.
- 22:32You are getting poorer every single day by decree of these
- 22:36people. And now they're finally coming
- 22:37out and saying, Oh yeah, sorry guys, we have lost control of
- 22:41Fiat money. We have to continue to print,
- 22:43prices are never coming down and just accept this.
- 22:46I I think all Americans can accept the fact that you are
- 22:48getting poorer and that inflation is never going to come
- 22:51down. It's like, what is going on
- 22:53here? Remember, they spent all of last
- 22:55year gaslighting you that inflation will return to 2%.
- 22:58And now they're like, yeah, every American knows that it's
- 23:01never coming down again. It's like, I am so glad we do
- 23:04this show because we constantly in real time bring the receipts
- 23:07and like, this is what they said today.
- 23:09And then like a month later we're like, Oh yeah, and now
- 23:11this is what they're saying. And they're they they flip their
- 23:14narrative every other couple of weeks and now they're telling
- 23:16you, yeah, sorry bro, like you're going to get poorer and
- 23:19just accept it. And it's like, This is why we're
- 23:22simply Bitcoin, because all roads lead back to Bitcoin.
- 23:24The money is broken. Fix the money, fix the world.
- 23:27They have to keep printing money to maintain the economy, which
- 23:31means you are going to get poorer unless you hold on to
- 23:34something that they can't debase.
- 23:36It's like it's so simple and it it's not even.
- 23:40I'm not even surprised anymore that they come out on on
- 23:42television and and gaslight the population because most people
- 23:45really don't know what's going on and you can't really blame
- 23:47them. Like people are just trying to
- 23:49survive. Most people don't have the time
- 23:51to, you know, read, read human action and like get into the
- 23:55intricacies of economics. It's like they just want to
- 23:59survive and and and you know, provide for their family.
- 24:01And so like, it's absolutely horrible what these politicians,
- 24:07these central bankers are doing. And This is why we come out here
- 24:10every single day. This is why, you know, Brian
- 24:12writes the books. This is why we show up every day
- 24:14to try to educate people, at least plant the seeds at guys.
- 24:18There is a solution to this madness.
- 24:20The money is broken. You need to save in something
- 24:23that they can't steal from you. And this is Bitcoin.
- 24:26Amen to that. Amen to that.
- 24:27And that's exactly why, you know, Yelling and Chrissy.
- 24:30That's what they saw in Opti, that optimism.
- 24:33That they don't listen to me, bro.
- 24:34That. That optimism, that that that
- 24:37stage present. That man, I can't, I can't
- 24:41think. I can't think of enough words,
- 24:43man. That that gravitas.
- 24:46Yeah dude, it's, it's. Incredible.
- 24:47They really like the suit. They just like me in the suit.
- 24:51Oh, man. All right, everybody, let's get
- 24:53to the news. We have a lot to talk about
- 24:54today. Let's check it out.
- 24:55Here we go. I want to give a shout out to
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- 27:24All right, guys, so more ETF news.
- 27:27Again, in terms of the Overton window, it is shifting.
- 27:31The boomers are warming up to this.
- 27:34They're they're open, They're opening.
- 27:36I mean, they they just can't resist bitcoins.
- 27:38Incentives, pure and simple. Here is a video of the president
- 27:42of Bone Fide Wealth on the legacy legacy media and he's
- 27:47talking about Bitcoin. He's talking about Bitcoin as a
- 27:49store of value. And again guys from a bitcoiners
- 27:52perspective we will say we've heard this a million times, but
- 27:56just remember who are the people that are watching the legacy
- 27:59media? Who are the people that are
- 28:00consuming this type of content? As bitcoiners we have to
- 28:03remember that a lot of the time we make Bitcoin, we make Bitcoin
- 28:07content for other bitcoiners. How do we break outside?
- 28:10How do we break the Bitcoin echo chamber?
- 28:12The way that we do that is by getting on more independent
- 28:15mainstream podcasts, more independent legacy media, not
- 28:19really independent legacy media. And that's really how you get
- 28:22the message out there. So, you know, when you have Tim
- 28:25Poole talking about Bitcoin, when you have Max Keiser going
- 28:29on Alex Jones and, you know, making fun of Alex Jones for
- 28:32not, you know, keeping those 10,000 bitcoins that that he
- 28:35gave him. When you have Natalie Burnell
- 28:37going on Fox Business, you know, dropping bombs, right.
- 28:40When you have Jack Mahler's going on CNN, you know, dropping
- 28:44bombs as well, right. That is a big deal because the
- 28:47audience of those channels of that content has not been
- 28:51exposed to Bitcoin. Well, they're getting exposed
- 28:53now. So we're definitely making
- 28:55progress. If you would have told me 5 to
- 28:5710 years ago where we were and then where we where we would be,
- 29:02I wouldn't have believed you this, You know, Bitcoin was
- 29:05still looked down upon, you know, in 2017.
- 29:07Larry Fink said that Bitcoin is an index of money laundering.
- 29:11Fast forward, you know he's advocating for this.
- 29:14You know, the CEO of the world's largest asset manager is going
- 29:20on legacy media, on legacy financial media, and he's
- 29:24literally talking like a bitcoiner.
- 29:25He's using all the talking points, right?
- 29:27So we're definitely making a lot of progress.
- 29:29I can't even imagine where we're going to be 5 years from now.
- 29:32Anyways, let's play the clip. That's right.
- 29:33And I I deal with this on Twitter all the time.
- 29:36There's definitely people who look at Bitcoin as like the
- 29:39currency that's going to be left when society collapses and it
- 29:41looks like Mad Max. Out there.
- 29:43Now when you talk to boomers, though, I'm not sure that's
- 29:45going to resonate versus, oh, it's a new digital goal.
- 29:47That's how Larry Fink positions it.
- 29:49How do you talk to them about this?
- 29:51Do you go as far as like, hey, this is a hedge against like the
- 29:54collapse of society? Or are you more just like, hey,
- 29:56look, it's a little hot sauce. It's an interesting currency.
- 29:59A lot of smart people are involved.
- 30:00Like, how do you talk about it? Yeah, I think two things can be
- 30:02true here, right? I do view it in the most
- 30:04simplistic form as digital gold, as a digital store of value.
- 30:08Now granted, store of value in the price action of Bitcoin
- 30:11might not go hand in hand, but also, you know, the room for
- 30:15alternative investments in a portfolio.
- 30:17I think clients are always seeking for things that aren't
- 30:19you know, correlated or have the ability to produce alpha.
- 30:23You know to a degree these are things that clients will always
- 30:26have, you know some appetite for.
- 30:27So these two things like hey new asset class, can I you know
- 30:31partake in this maybe not the FOMO out of the system and will
- 30:35this actually add value to my long term investment strategy?
- 30:38OK, so that's the theory talking about it, right?
- 30:41You know, I'll talk, but let's actually take a look at the
- 30:44numbers. Let's take a look at what has
- 30:46happened over the last couple days.
- 30:48First, let's start with the Google News.
- 30:51So First off, Bitcoin ETF ads may appear on Google starting
- 30:56Monday. Community speculates, well, it's
- 30:57not speculation anymore and I did verify this myself This
- 31:01morning. I got a Franklin Templeton ad,
- 31:04but apparently watcher, Guru, and in this screenshot he got an
- 31:08ad for the Vanek ETF. And he got an ad for the
- 31:13BlackRock ETF. So it looks like all these ETFs
- 31:16are competing for your business Now.
- 31:18Today's article that I wanna check out today is It's by
- 31:22Crypto Slate and the headline for audio listeners is Fidelity
- 31:25Inflows Smash Grayscale Outflows as 255,000,000 Bitcoin two
- 31:32$255,000,000 worth of Bitcoin enters U.S. market.
- 31:36It goes on to say Grayscale's Bitcoin Trust is experiencing a
- 31:39slowdown in outflows with just under 200 million withdrawn from
- 31:43the fund on January 29th. Data from Bit Mex research
- 31:47indicates a total outflow of around 192 million during this
- 31:51reporting period. Notably, this marks the lowest
- 31:54outflow since the fund's inception, surpassing only the
- 31:57initial day of trading with when withdrawals amounted to 95
- 32:01million. Meanwhile, a look at the newborn
- 32:04nine shows that the inflows into the funds keep offsetting that
- 32:07of Grayscale. That's a I think that's that's I
- 32:11mean that could explain why the price recovered from 40,000 to
- 32:1543,000 and a lot of people were speculating or a lot of people
- 32:19were theorizing that the reason that we dumped from 48 K down to
- 32:2439 or down to 40 was because of all the cell pressure from
- 32:28grayscale. Anyway seems like nature is
- 32:30healing there's only you can only the.
- 32:32The awesome part about Bitcoin is that when there's only like
- 32:36if you want to have cell pressure on Bitcoin, if you want
- 32:38to sell like there's only so much you're going to eventually
- 32:40run out of Bitcoin to sell. Like that's the problem and
- 32:42you're going to end up having to buy it at a higher price later.
- 32:45So anyways goes on to say Fidelity Wise Origin Bitcoin
- 32:48Fund emerge as a standout concluding the 12th day of
- 32:51trading with the highest inflow of 208,000,000.
- 32:54In comparison, other funds including Black Rocks
- 32:57experienced 198,000,000 inflow ETF such as BITB Arc.
- 33:03The BTCO recorded inflows of 20,000,017 million and three
- 33:07million respectively, while others reported 0 inflows.
- 33:11Wow, looks like some the the Franklin Templeton one is
- 33:15getting wrecked. So is the Valkyrie.
- 33:17Holy cow, Wow. Anyways goes on to say however,
- 33:22Grayscale's GBTC remains the top cryptocurrency ETF and liquidity
- 33:25as Bloomberg Intelligence analysts James Seifart said
- 33:29Seifart observed despite recent outflows, GCC trading volume
- 33:33breached 570 million on January 29th, surpassing Black Rocks by
- 33:39110 million and reaffirming its market dominance.
- 33:44Following its recent conversion, Grayscale's ETF has experienced
- 33:47substantial outflows totaling more than $5 billion.
- 33:50Analysts attribute the outflows to profit taking maneuvers by
- 33:53investors exposed to its previous net asset value
- 33:57discount further. Furthermore, the funds
- 33:59relatively high 1.5% management fee is cited as a factor that
- 34:03has LED some investors to shift towards competing ETF providers.
- 34:07Now the beautiful thing about markets is that when different
- 34:10companies competes with their products, you know, the user
- 34:14wins, the consumer wins, right. So I think you're seeing the
- 34:17market do what the market does. And you know a lot of these ETFs
- 34:22are just getting wrecked. A lot of people have showing no
- 34:24interest and it seems like there are some leaders.
- 34:27So the leaders seem to be the bitwise, the arc, the fidelity,
- 34:31the the Black Rock ETF and then the grayscale.
- 34:35But it seems like a lot of people are leaving grayscale.
- 34:37But I have an update for you guys.
- 34:39This is the same author that that article quoted Mr. James
- 34:44Seifard and he said OK, both fidelities FBTC and Black Rocks
- 34:49I bit have traded more today than GBTC, so it looks like GBTC
- 34:54has lost its place at the top in terms of volume.
- 34:58Right now the two leading the pack are BlackRock and Fidelity,
- 35:03both of which have bought over. Fidelity bought estimated
- 35:07between 48,000 to 50,000 Bitcoin and the BlackRock, it seems like
- 35:11they've bought in 50,000 Bitcoin themselves.
- 35:13That's 100,000 Bitcoin between both of them.
- 35:17So absolutely crazy news and what's going on And again, like
- 35:21I said, free markets do what free market does and it creates
- 35:25competition. Everyone, you know, everyone
- 35:27wants a piece of the pie and it looks like you know halfway
- 35:31across the world in Hong Kong. It seems like over there there
- 35:35are companies also trying to apply for a spot Bitcoin ETF and
- 35:39if this gets accepted right we, we know based on articles that
- 35:43we read you know read to you guys a couple months ago that
- 35:46they that Hong Kong has the stamp of approval to be this
- 35:49quote UN quote crypto hub. So like and it's awesome because
- 35:53the Chinese government benefits from from both, right Because it
- 35:57has its. I forget what the name of the
- 35:59system is. It's one country, two systems,
- 36:02something that I totally butchered it.
- 36:03The point is though is that Hong Kong is isolated from the rest
- 36:06of the mainland and it seems like they're using Hong Kong as
- 36:09this testing ground to benefit from number go up technology
- 36:12while keeping the rest of the mainland isolated.
- 36:15You know, with the whole CBDC stuff that they're trying to
- 36:17roll out over there. But this would, if this gets
- 36:20approved in Hong Kong, there would be an ETF in Europe, there
- 36:23would be an ETF in Canada, there would be an ETF in the United
- 36:26States and there would be an ETF in Hong Kong, right.
- 36:30So again, you can't resist bitcoins Incentives.
- 36:32This is Bitcoins. Incentives are winning.
- 36:35They're irresistible. I have a live view of its
- 36:38incentives right here. It's just sucking up all the
- 36:41world's capital. And you know, it's just getting
- 36:45all sucked up. This is a live view of Bitcoin.
- 36:47You know, everyone says that Bitcoin lives in cyberspace and
- 36:50nobody knows what it looks like. Here it is.
- 36:52That's not a black hole. That's black.
- 36:54That's Bitcoin sucking up everything anyways.
- 36:57Yeah, dude, this is pretty crazy.
- 36:58But at the same time, not surprising whatsoever what's
- 37:03going off and what's going on in the ETF world.
- 37:05But this is simply Bitcoin, so we're going to give you another
- 37:07perspective, right? So that's the perspective from
- 37:09the ETF stuff. It's very exciting.
- 37:11You know, if you're a Boomer and you're comfortable with your
- 37:14Charles Schwab account, you don't have to sign up to, you
- 37:17know, one of the many exchanges like SWAN, like strike, like
- 37:20River, like Bitcoin. Well, you can, you know, you can
- 37:24just go on your Charles Schwab account and buy government
- 37:27Bitcoin. That's cool, right?
- 37:29But on the other hand, from the revolutionary aspect, right, we
- 37:32have to remember what is the revolution?
- 37:34The revolution is Bitcoin in self custody, right?
- 37:38If people don't take self custody, there is no revolution,
- 37:41right? So our job as bitcoiners is to
- 37:44really get that word out there, you know, not your keys, not
- 37:47your cheese. And things will really, really
- 37:49start to change when you have a big portion of the population
- 37:53that don't want to, that are holding the custody of their
- 37:57wealth. That's when things really,
- 37:58really change because it takes away the government's ability to
- 38:03to really print effectively and it takes away the government's
- 38:07ability to confiscate on a mass scale like they did back in the
- 38:111930s with the 6102 order. The reason that they were able
- 38:14to get away with that is because of the centralization of the
- 38:17custody of gold. But if you have millions upon
- 38:20millions of individuals holding their own wealth, are you trying
- 38:23to tell me in the most armed country on the face of the
- 38:26planet, dudes in suits are going to go door to door and say give
- 38:29me your money or give me your wealth?
- 38:31I don't know if that's going to work out so well, right.
- 38:34So yeah, I mean, that's why self custody is so important.
- 38:37That's what makes it so unique. Custody of gold is difficult.
- 38:41Fine. You can buy yourself an ounce of
- 38:43gold, right? So, you know, it's pretty small.
- 38:45But what if you have millions of dollars of gold?
- 38:47What if you have billions of dollars of gold?
- 38:49Try, try carrying that. Try moving that.
- 38:52Try sending that across the world instantaneously.
- 38:55It's almost impossible, right? What makes Bitcoin unique is the
- 38:58fact that you can theoretically memorize A12 word seed phrase.
- 39:02I don't recommend that, by the way.
- 39:04And you could store 1,000,000 billions, if not trillions of
- 39:07dollars in your mind. Imagine how nervous you would be
- 39:11to remember those words. But the point I'm trying to make
- 39:13is that if you're in a pickle, right?
- 39:15And there's been countless examples of this throughout
- 39:17history. If you're in a pickle, if you
- 39:19live in a totalitarian government, right?
- 39:22A lot of the reasons that people did not leave is because they
- 39:25couldn't take their wealth with them.
- 39:27Now you can, but only if you take the step and you take a
- 39:32little bit of personal responsibility and you learn how
- 39:35to take self custody. Anyways, that's my take.
- 39:38I want to pass it on to Brian and then we'll hit Opti.
- 39:43Yeah, I mean, you're right. I mean, and and we say this all
- 39:45the time, like, you know, if you're in a totalitarian state
- 39:48that you need to be ready for this, it's because, yeah, like
- 39:51those are the people that are, are the most at risk.
- 39:54But 61 O2 was a pretty fast passage of an executive order or
- 39:59or of a bill. And so at that time, America was
- 40:04the freest place on earth and it still happened here.
- 40:07So yes, I like, I say that all the time.
- 40:09But at the same time, we need to remember that it can happen
- 40:11here, It can happen anywhere. So I'm glad that you made that
- 40:13point about 61 O2. As far as the the the Google ads
- 40:18thing, Boomers need Google ads. Let's just let's just be frank.
- 40:24They don't look through organic search results.
- 40:26Like they will not go past the 1st 3 results if it looks kind
- 40:29of complicated. So yes, like does this matter?
- 40:32It absolutely matters. Like my mom's not going to go
- 40:34past the Google ads. She needs it spelled out for her
- 40:37now. My mom, she has self custody
- 40:39Bitcoin. That's not the problem for her
- 40:41but for her friends that might be an issue.
- 40:44And then when it comes to that, I like the the picture of the
- 40:48black hole. It's like I imagine that's what
- 40:50the inside it's like a live view of the inside of a node or
- 40:53something like that what that looks like.
- 40:54But yeah the I'm not worried about the the price going down
- 40:59grayscale selling and and and putting cell pressure on the
- 41:02market or anything like that. We're already seeing the remedy
- 41:04to that. But the reason I don't worry is
- 41:06because think about this Absolutely the case, the higher
- 41:10the price of Bitcoin goes, the higher the conviction of the
- 41:14convicted you'll have. So think about this.
- 41:17There's always going to be people selling and buying
- 41:20Bitcoin at the margin. They have no conviction.
- 41:22We're not, we don't care about them.
- 41:23Only small movements in the price are going to happen at the
- 41:27margin by the people that don't have conviction.
- 41:29Now the people that have high conviction, everybody in this
- 41:32room, everybody in this audience right now, we don't move.
- 41:36We don't, We don't, we don't sell.
- 41:37We never enter the margin because our conviction's so
- 41:40high. As every generation of
- 41:42Bitcoiners has come on board, the conviction of them is
- 41:45higher. Think about this, you just said
- 41:47the the the story about Max Kaiser giving 10,000 Bitcoin
- 41:51away, he he did that for nothing, right?
- 41:53He did it maybe for a little bit of a clout for Bitcoin or to
- 41:57help Orange pill some some somebody.
- 41:59But he didn't sell it for $10,000 or $10 million or
- 42:02anything like that who had higher conviction than Max
- 42:06Keiser about Bitcoin. He was willing to put 10,000
- 42:09Bitcoin on the market for virtually nothing because the
- 42:12price the the, the buying power of it was so low at the time.
- 42:16And so the highest person that the person with highest
- 42:18conviction in Bitcoin at that time was willing to put 10,000
- 42:22on the market. And I'm not even willing to put
- 42:2510,000 SATS on the market right now because the price of it's
- 42:28gone up. That's only going to continue to
- 42:30happen when it gets to 60,070 thousand, 100,000 that the
- 42:34convicted, the people who have conviction will not put it on
- 42:38the margin and then the price will not move it.
- 42:40It'll only have a window of 10% price fluctuations in which it
- 42:44can move and who freaking cares about that?
- 42:47That's your stacking opportunities.
- 42:48That's a blessing. We understand that in the
- 42:50Bitcoin community, that's our time to stack more SAT, but it
- 42:53doesn't matter for it's not relevant for any kind of crash
- 42:57or anything like that that CNBC wants to put out there. 100%
- 43:01beautifully put, beautifully put, Opti.
- 43:03What's your take on all this, brother?
- 43:04Yeah, so you know, going back to that clip, I'm, I'm not the
- 43:11biggest fan of spot Bitcoin ETFs.
- 43:13You guys hear me say this like every single day.
- 43:15I think the most important thing for everyone out there is for
- 43:19you to hold Bitcoin directly. But again, I've I've been giving
- 43:23the caveat, I understand why people want spot Bitcoin ETF, so
- 43:25I'm not going to rehash that. But an interesting tweet I just
- 43:29saw come out this morning by Bitcoin Archive is, yeah, BTC
- 43:33Archive on Twitter is at the nine spot.
- 43:37Bitcoin ETFs have scooped up 150,000 plus Bitcoin.
- 43:43Like it. It's so much Bitcoin and it's
- 43:46only been live for what, like 13 days.
- 43:48It just goes to show what I've been saying for a minute that
- 43:50the institutional demand from customers and not necessarily
- 43:53from the you know, the guys at the head of these institutions,
- 43:57they want Bitcoin. And if this is the only way they
- 44:00can get exposure to Bitcoin, yes, maybe it's just Fiat price
- 44:03gains exposure but they still want exposure to Bitcoin.
- 44:07And I think it's only a matter of time until more people go
- 44:11down the rabbit hole and realize Oh my God, I might get rug
- 44:13pulled if I have my exposure in a spot Bitcoin ETFs and maybe I
- 44:17want to take Bitcoin into self custody.
- 44:20And you know, I I got reminded of the meme that American Huddle
- 44:26put out a while ago and I've I've been kind of recycling it
- 44:29on the show about you guys will have to make it through the
- 44:33Huddle buyout zone. But I really love how Brian is
- 44:35is framing it because most of us bitcoiners like we have very
- 44:38high conviction in Bitcoin. We realize that like what are we
- 44:41going to go back to? Paper money.
- 44:43I think once you fully get orange peeled and you become a
- 44:45bitcoiner, you realize there's no going back to the Fiat
- 44:48system. Yes, you will interact with the
- 44:50Fiat system, the traditional financial world, for as long as
- 44:53you have to to survive. But you're never going to go
- 44:56back and put your whole savings into Fiat because you understand
- 44:59that the game is not only rigged against you, but it is in a
- 45:03constant decline. As my buddy Eric Caisson said,
- 45:07he's like Fiat money is number go down technology, not only in
- 45:11your purchasing power but in the effects in society.
- 45:14Everything goes down, all the quality goes down on the Fiat
- 45:18system. And once you're on the Bitcoin
- 45:20standard or a personal Bitcoin standard, you realize, Oh my
- 45:23God, it's not only number go up in purchasing power, but every
- 45:26aspect of my life goes up. Not only do I have a lot more
- 45:30Peace of Mind, not only can I unplug and do the things I
- 45:33actually want to do, but you realize now I can actually be
- 45:36healthier and happier and live a life that I've always dreamed
- 45:39of. But since I was on the Fiat
- 45:41standard, I didn't have a chance to escape the hamster wheel.
- 45:44So you will have to make it through this auto buyout zone
- 45:46and we're seeing it play out in real time.
- 45:48It's only really been two weeks since the spot Bitcoin ETF has
- 45:51been approved and the price hasn't started running yet.
- 45:54We're still kind of in this, you know, crab market aspect of the
- 46:01the halving cycle. And you will soon get a point
- 46:06where all the Hodlers out there will get tested, the price will
- 46:09go up and you will have to make a decision for yourself.
- 46:11Do I want the Fiat games or am I here for much more than just
- 46:15price appreciation? And one more thing, Nico, before
- 46:19I end this, I really loved that clip.
- 46:23Nico, I I don't know if it was like MSNBC or whatever, but
- 46:28what's the guy's name like? Balconis.
- 46:30I think he's the Bloomberg analyst that posed the question.
- 46:33He literally said. And.
- 46:34And the other guy, I think his name was Doug.
- 46:36Sorry, I'm blanking on names. Really bad on names.
- 46:38They literally say what I say on the show all the time and I
- 46:41stole it from How to Win Friends and influences.
- 46:44It's like bait the hook for the fish you're trying to catch.
- 46:46Guys, look, Bitcoin I think can be framed in a lot of ways, and
- 46:51I really do believe in the meme. Fix the money, fix the world.
- 46:54And like, if you frame Bitcoin in such a way to people, find
- 46:57people's pain points, realize that everyone is different.
- 47:00We're all individuals and we all view the world through our own
- 47:04perception, our own POV, and we all have different problems
- 47:07going on in our lives. And if you can angle Bitcoin as
- 47:10the solution, or at least a starting point to a lot of
- 47:13people's pain points, then they start to ask themselves, wait,
- 47:17actually, maybe Bitcoin isn't for criminals.
- 47:18Maybe Bitcoin isn't as bad. Maybe these headlines I've heard
- 47:21about Bitcoin are wrong. Or maybe I've been lied to about
- 47:24Bitcoin and you frame Bitcoin as a starting point to fixing a lot
- 47:28of these solutions. And more people will be more
- 47:32incentivized to look into Bitcoin to realize, oh, I need
- 47:35to save some Bitcoin. And you know, of course they
- 47:38said if you frame, if you frame Mad Max currency to a boomers,
- 47:42they're never gonna want Bitcoin.
- 47:44But you say that to like a millennial or a zoomer, they're
- 47:46like, hell yeah, like, this is what I'm into.
- 47:48If you frame Bitcoin as being digital gold, maybe you get the
- 47:52Larry Finks of the world. If you frame Bitcoin as digital
- 47:54real estate, maybe you get people that are in the real
- 47:56estate market. So, like, Bitcoin can be framed
- 48:00in a lot of ways. And that's not to say that you
- 48:03are misleading people in the Bitcoin investment thesis.
- 48:07It's just going to show that everyone has a different pain
- 48:10point. We all look at the world through
- 48:12our own lens, and when you frame Bitcoin in a way that you show
- 48:15this will improve your lives, more people are going to get
- 48:19incentivized into looking into Bitcoin Like it's very simple,
- 48:23guys, Bitcoin is the solution to many of the world's problems.
- 48:28It's a starting point, the problem for all of us right now,
- 48:31and you see this happen in real time, especially considering it
- 48:34is an election year. It always boils down to the
- 48:37money. This is why everyone is freaking
- 48:38out and protesting and you know the left hates the right.
- 48:41The right hates the left is because everyone feels the pain
- 48:45of currency depreciation. We're all getting poorer and
- 48:48everyone's looking for a solution, but they're not
- 48:50looking in the right direction. It is the money is getting
- 48:54destroyed and this is by design and people just want to live a
- 48:58good life. Everyone out here, I don't care
- 49:01what side of the aisle you are on.
- 49:03People want to live a good life and everyone I think inherently,
- 49:07well, I won't say inherently, but I think majority speaking,
- 49:10most people are good people and they just want to provide for
- 49:13their family and they just want to survive.
- 49:16And people are basically just on survival level.
- 49:19And if you can show them that Bitcoin can provide them a
- 49:22better life, I think more people are going to get on the Bitcoin
- 49:26standard. I heard Nolan shouts out to
- 49:28Nolan, the break up pod morning show.
- 49:31He said it and I I love this meme.
- 49:33He's all like if you just show people that hyper bitcoinization
- 49:37is more fun than hyperinflation, more people are gonna join the
- 49:41Bitcoin revolution. Like life on a Bitcoin standard
- 49:43is just better than on a Fiat standard.
- 49:45Show them that being a bitcoiner is more fun than being a no
- 49:48coiner and you're gonna get more people on board.
- 49:52Amen bro. Amen, dude.
- 49:53Amen. They don't call him St.
- 49:55Opti for no reason. Anyways, ladies and gentlemen,
- 49:58before we move on to the next section, I do want to give a
- 50:01shout out to some of our sponsors that make this show
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- 51:54All right, Brian, before I get you ranting on all these great
- 51:58topics that I know you're going to kill, I saw a few people in
- 52:00the chat unaware of what Orange Pill app is.
- 52:03So let let's just start with what is Orange Pill app and then
- 52:05we'll talk about the new features and the stuff you guys
- 52:07have just rolled out. Awesome man.
- 52:10Thank you. So Orange Pill app, it's it's
- 52:13simple man. It's a social network.
- 52:14It's not a it's not social media.
- 52:16Social media. The point of that is to doom
- 52:18scroll. You log into the app every time
- 52:20that you have two minutes, then you end up killing 15 minutes
- 52:22and you say what what did I do with my life here?
- 52:25The point of a social network is to connect you with other
- 52:27people. The more connections we have
- 52:30with other bitcoiners the more anti fragile we are.
- 52:33And then that's. But when, when when OPTI goes
- 52:36out and makes more connections with bitcoiners, that benefits
- 52:39me where I'm at, because he's strengthening the connections of
- 52:43the Bitcoin network. All I needed to be, all I need
- 52:46to do is be connected to one person and then the strength of
- 52:49their network benefits me. That's we.
- 52:51We understand network effects through Bitcoin, but a lot of
- 52:54times we kind of overlook the benefits of of network effects
- 52:56as people. So as Bitcoin, we have X now, we
- 53:00have Noster, we have all sorts of online mediums for or media
- 53:04for connecting bitcoiners online.
- 53:07But one of the missing components of a hyper
- 53:09bitcoinized future is in real life connections.
- 53:12Meetups have been a big part of bitcoins history.
- 53:15Conferences have been a big part.
- 53:17But one of the things that a lot of bitcoiners, the pain point
- 53:19for a lot of bitcoiners is it's like, hey, I I don't have the
- 53:22time or the money to go to a conference.
- 53:23You know what, There's there's no meetups in my area.
- 53:26But what you can do is you can go on Orange Pelap and find
- 53:29plebs that are in your area. It's it's it's easy.
- 53:32You just go on the app's going to show you people that are
- 53:34generally closest to you and you can you can shoot them a DM and
- 53:38you can have coffee with somebody this afternoon.
- 53:40I've met probably 11 people, like I have a bunch of
- 53:44connections through Orange Pill app, but I've met 11 people in
- 53:47my area where we've had lunch or we've gone out and got coffee or
- 53:50something like that and it's the best conversation.
- 53:53You've never met this person. You get to converse with them,
- 53:55you know through the DMS a little bit, get to know them a
- 53:56little bit. But then the first time you meet
- 53:58this person you can have a three hour conversation because you
- 54:01have so much common ground. I've met people that are 20
- 54:03years older than me. I've met people that are 10
- 54:05years younger than me. They're just the most
- 54:07fascinating people. And when you make that in real
- 54:10life connection, it just empowers the Bitcoin social
- 54:13layer because now I'm more anti fragile, They're more anti
- 54:16fragile and everybody we're connected to is more anti
- 54:19fragile. But the coolest thing that we
- 54:21just launched is the merchant section.
- 54:23So we always had the ability to connect one-on-one with other
- 54:26bitcoiners. A few months ago we launched the
- 54:29event section. So if you want to launch a local
- 54:31event or if you want to, you know, host a big meet up or a
- 54:34pizza day event or anything like that, you could do that through
- 54:36the app. But the latest thing we just
- 54:38launched is the merchant section, and this is for brick
- 54:41and mortar Bitcoin businesses. So if you have, if you're a
- 54:44plumber who accepts Bitcoin, if you're if you have a pizza shop,
- 54:47if you have a nail salon, if you whatever, whatever brick and
- 54:50mortar business you have, if you accept Bitcoin in your business,
- 54:53you just go to the orange pill app.com/merchants, sign up your
- 54:58business, and then anybody, any bitcoiners who are ready to
- 55:01spend Bitcoin in your community are going to be able to easily
- 55:04find you. One of the huge pain points
- 55:07though for Bitcoin businesses is that they don't get a lot of
- 55:12Bitcoin business if they're brick and mortar right?
- 55:13Because they they they could only access or they can only
- 55:17access the the Bitcoin customers who are near them.
- 55:19But there hasn't hasn't been a really good application to help
- 55:22you find people that are near you.
- 55:23So this is that solution. But then one of the other pain
- 55:26points is because they don't get a lot of Bitcoin business, they
- 55:30haven't properly trained their their employees on how to accept
- 55:33Bitcoin. And so there's all sorts of
- 55:35stories of plebs going into a business that says it accepts
- 55:39Bitcoin and then not actually having a way to effectively pay
- 55:43in Bitcoin. Well, one of the solutions we
- 55:45have through the app is you can upload your lightning wallet
- 55:48link directly through the app. So there's a message button to
- 55:52message the business and then there's a lightning bolt to ZAP
- 55:55the business so you can send your payment through lightning
- 55:58network through the app. So every merchant has a built in
- 56:01point of sale solution so that the ability to accept or not
- 56:05accept Bitcoin isn't a problem. If you have an orange full app
- 56:08profile and you have a lightning wallet, you have the ability to
- 56:11accept Bitcoin in your business. Boom, we're one step closer to
- 56:15hyper bitcoinization because the solutions like this we didn't
- 56:18build lightning wallets. We we harness the power of some
- 56:21of the developer community and we paired that with the tool
- 56:24that helps bitcoiners meet Bitcoin businesses in their
- 56:28community. I think this is a massive step
- 56:30forward and so I'm really happy to be a part of it.
- 56:32Love it and I just want. To say I just want to to say
- 56:34because the messages that I receive first of all anyone I
- 56:39really appreciate you guys reaching out.
- 56:42But the messages that that you know with Opti I know you're on
- 56:46this boat too that we've received on the orange palap of
- 56:50just people enjoying simply and just like you know it's just
- 56:54it's it's incredible and it allows you again like you guys
- 56:58could find me in the app. You guys could find Opti on the
- 57:01app even though he only for some reason only replies to central
- 57:05bankers that are over the age of 55.
- 57:08But I'm not as I'm not as exclusive.
- 57:12But yeah, you can connect with your favorite Bitcoin or there
- 57:15if you have a question that you've ever wanted to ask.
- 57:18BTC sessions, Natalie Burnell, just to name a few canutes.
- 57:21Vanholm, right. They're all on the app, right?
- 57:24You can connect with them. You can send them a message,
- 57:27right. You know, And it it it's, it's
- 57:30cool like that. And then I I know that you guys
- 57:31also have a feature 'cause I know this is like one of the big
- 57:35things, Brian, is that let's say you're traveling the world and
- 57:37you're in a new city. You guys have a feature that
- 57:41show the bitcoiners that are in your in your area 'cause like I
- 57:45don't know about by you guys, but I have a hard time.
- 57:48I still have my no coiner friends from high school and
- 57:50your high school friends. So you're never going to like
- 57:52that's something special, that bond that you have, but you
- 57:55don't really have a lot in common with them anymore, you
- 57:58know, it's like you kind of went in different directions.
- 58:01They're still in that Fiat, like lifestyle, Fiat mindset, you
- 58:04know, God bless their souls. But like what I'm trying to say
- 58:06is that you have a lot more in common with other bitcoiners
- 58:10that are on that same tip as you are.
- 58:11They're on that same world outlook worldview as you are.
- 58:15But sometimes, you know, you might be traveling, you might
- 58:18not know people in your local community.
- 58:20I think the Orange pull up is a great resource for for you to
- 58:23connect with other bitcoiners around you.
- 58:25A. 1000% and and like you said, I mean probably one of the
- 58:29coolest components is when you're traveling like I I want
- 58:32to build out my my local network where where I live, like, right.
- 58:35Like, I want to connect with all the ranchers who accept Bitcoin
- 58:38because if COVID 2 Point O happens and there's food supply,
- 58:41you know, like I want to have those connections, that's
- 58:43important to me. But now it's it's also fun,
- 58:46right? It's not just the like whatever
- 58:48they said they said earlier about Mad Max Money.
- 58:50Like if Mad Max money is important, then knowing people
- 58:54who accept Bitcoin close to you is important.
- 58:56But like, let's talk about the fun component of it.
- 58:59Like when I was we went out to Washington, DC 6 months ago and
- 59:04Orange Poll app and Satoshi Action Fund, we passed out 535
- 59:07copies of the Bitcoin standard to every congressman and senator
- 59:11in the United States Capitol. That was crazy.
- 59:14On my way back, my my my layover flight in Dallas got delayed.
- 59:18Like I I basically had to sleep in the Dallas airport.
- 59:21And I I As soon as I I landed and I was sitting there, bored.
- 59:24I just opened the app and I'm like, oh, wow, there's like 12
- 59:27bitcoiners in the Dallas area. So I started messaging people
- 59:30because I didn't know if I there was a, there was a good chance I
- 59:32was going to have to be there for 14 hours.
- 59:34It ended up, I think it was only there for six or seven hours.
- 59:36So I kind of had to wait for standby flight.
- 59:38So I couldn't leave the airport. But I was coordinating with
- 59:41other bitcoiners in the area in Dallas, like, hey, do you have a
- 59:44place where I can crash for the night?
- 59:46If I'm going to be here for 14 hours, like, I might as well go
- 59:48get breakfast or like, if I need to sleep, I can.
- 59:51You can find bitcoiners on the road.
- 59:53That was as a guy who works at the Orange Pill Lab.
- 59:56Like I'm the marketing guy at Orange Pill that was this big,
- 59:59like, aha moment of this is a powerful resource for when I'm
- 1:00:03on the road, like I was out doing work for the Bitcoin
- 1:00:06community like Orange filling Congressman and on my way home.
- 1:00:11Like had access to this resource of the Bitcoin social layer.
- 1:00:14It was this beautiful picture. Just that to know that I had
- 1:00:18that as an option because bitcoiners are cool like that.
- 1:00:20Like, like like we like to extend things to other people in
- 1:00:23the community and there's something weird about when you
- 1:00:27know somebody's a bitcoiner, that there's a certain level
- 1:00:30like obviously we we we should have skepticism towards other
- 1:00:32people. But there's a there's one kind
- 1:00:34of kick in the box of, OK, I think I might like this person,
- 1:00:37let me continue to talk to them because, you know, there's
- 1:00:40there's a, there's a common ground, there's a common
- 1:00:42foundation. We both asked the question, what
- 1:00:43is money we put, that's the question, what is in my food we
- 1:00:46bought? We started to ask those
- 1:00:47questions. So you have a little bit more to
- 1:00:50start off with than just your your Fiat friends, Like you
- 1:00:52said, people you have lots of lots of history with.
- 1:00:55You actually have less of a foundation with those people
- 1:00:58than your Bitcoin bitcoiners that you've never even met
- 1:01:00before. Yeah.
- 1:01:01Hey wait Brian, can you expand on the Bitcoin social layer for
- 1:01:06people that aren't aware with it?
- 1:01:08And and then then also can you clear up the rumors whether
- 1:01:10Orange Pill app is a dating app and if people have gotten
- 1:01:13married someone? Has gotten married off of it?
- 1:01:15Really. Right.
- 1:01:18There's there's I don't. I mean I there there's a few
- 1:01:21couples I I know of I don't know if they've officially been
- 1:01:23married yet. I know Daniel Prince who who's
- 1:01:25an advisor on Orangeville app. We he he will officiate the
- 1:01:29first. He's agreed to officiate the 1st
- 1:01:31wedding if anybody does get married through Orangeville app.
- 1:01:34So I don't think that the marriage has happened yet but it
- 1:01:38is not a dating app. But if you go to maybe it's a
- 1:01:42dating app.com. It will lead you to the
- 1:01:44Orangeville app.com. Oh man, that is dude, that is so
- 1:01:50crazy. OK.
- 1:01:51OK. I was kind of trolling, but like
- 1:01:52expand on social layer and then let's talk about your book as.
- 1:01:55Well, hold on. I want to back up though,
- 1:01:57because. Hold on, hold on.
- 1:01:59OPTI usually interrupt me. I'm interrupting you.
- 1:02:02OK. So, Brian, Speaking of sleeping
- 1:02:06on people's couches, your CEO and founder slept on my couch.
- 1:02:12I've never met the guy. I've never met Matteo.
- 1:02:15And then I I think we connected. It was on the Orange pill up or
- 1:02:17something. And he was like, hey Nico, I'm
- 1:02:20like, hey, what's up man? And you know, I I knew he was
- 1:02:22with Orange Pill. Like obviously he knew I was
- 1:02:24with Simply. And he's like, I forget what it
- 1:02:27was. I was like, dude, I'm coming to
- 1:02:28Miami to the Bitcoin conference. I was like, dude, do you need a
- 1:02:31place to stay on the first day? And he showed up in my apartment
- 1:02:35like one in the morning and I'm like, there you go, bro, Here's
- 1:02:38a couch, you know, make yourself at home.
- 1:02:40And then he left in the morning. I never, like, saw his face in
- 1:02:43the light, never had a chance to speak with him.
- 1:02:46So. He has a butter face.
- 1:02:48Dude. He woke up in the morning like,
- 1:02:50Oh, no, what did I who did I let?
- 1:02:52No. Mateo was a handsome guy.
- 1:02:55That you see. That's funny.
- 1:02:56I actually, I didn't know if I could tell that story.
- 1:02:58That's why, like, I that the Dallas airport thing really
- 1:03:01happened to me. But I knew that Mateo actually
- 1:03:03did sleep on your couch. I was the one that picked him
- 1:03:05up. So he he, he DM me when I was
- 1:03:10getting in for my flight. He's like, OK, you got a rental
- 1:03:12car? Because we were, you know, we
- 1:03:12were there for Bitcoin Miami. And he goes, yeah, pick me up at
- 1:03:16this address. I'm like, Oh yeah, where'd you
- 1:03:17stay? Is it a hotel?
- 1:03:18He's like no I'm at Nico Nico from the Simply Bitcoins house
- 1:03:22And and I'm like wait like like like simply Bitcoin the show
- 1:03:26like how do you know him He's like I just didn't come through
- 1:03:28the app I'm like oh OK that the app's working like product
- 1:03:32market fit going on here So I mean how funny would it be like
- 1:03:36obviously you know Orange pill app and Facebook are are are
- 1:03:39different scales but like if Zuckerberg like DMD you through
- 1:03:42Facebook and it's like hey can I stay.
- 1:03:44Hey bro, can we chill? I don't know.
- 1:03:46I don't know. See, like, because we're
- 1:03:48bitcoiners, like, there's that. There's an element of trust
- 1:03:51there, right? If Mark Zuckerberg messaged me
- 1:03:56on, I don't know. I'd be like, I don't know, man,
- 1:03:59I don't accept. That chill into my house.
- 1:04:00All right, all right. Seriously, Brian, you did
- 1:04:06mention in the beginning of the show and before we went live
- 1:04:10that you are working on a new book.
- 1:04:12So let's talk about that. Yeah, So if the first book was
- 1:04:18Bitcoin evangelism, what is Evangelism?
- 1:04:20It's when somebody doesn't follow the, you know in in
- 1:04:26classical Christian evangelism as somebody that isn't a
- 1:04:29believer in Jesus, right? Not to make this like an overly
- 1:04:32religious point here, but Christianity is the most
- 1:04:35successful movement in the history of mankind.
- 1:04:37It it spread to every corner of the world.
- 1:04:39Like what was part of that success?
- 1:04:40Like if you want to take the religious spiritual component
- 1:04:42out of it, like from a pragmatic sense, it's because they
- 1:04:45effectively had a strategy to evangelize to the atheist and
- 1:04:49they effectively had a strategy to evangelize to the Pagan.
- 1:04:52Somebody that believed in a religion but some a religion
- 1:04:54different than theirs. That's no different than what we
- 1:04:57have in front of us right now. We have the no coiner that we
- 1:04:59need to evangelize an an orange pill and then we have the alt
- 1:05:02coiner that we need to convert the Pagan right.
- 1:05:04Like the the Crypto Pagan and and there's all sorts of
- 1:05:07arguments that are relevant to them.
- 1:05:10It's important like you said earlier Opti we need to be able
- 1:05:13to to dangle the the the the character dangle the worm in
- 1:05:17front of the fish that you want to catch.
- 1:05:19That's like the purpose of Bitcoin evangelism is is
- 1:05:22tailoring arguments for bitcoiners to be able to
- 1:05:25effectively evangelize. So yeah a no coin or an or an
- 1:05:28alt coiner could pick up the book and read it but it really
- 1:05:31is for like this audience. It's like for people who
- 1:05:33understand Bitcoin but and they've even told their friends
- 1:05:37about Bitcoin, but their friends just don't get it right.
- 1:05:40It's like, how do you make those arguments a little bit more
- 1:05:42effective? So like, case in point, if you
- 1:05:44have a, a, a a family member who's just like I could never
- 1:05:48trust my life savings to a computer algorithm, like that
- 1:05:51concept is just crazy to me. That was a lot of my family.
- 1:05:54That was what they came to. And I said, here, let me give
- 1:05:56you a simple example. You trust your life, which is
- 1:06:00far more valuable than your life savings to algorithms every
- 1:06:03single day. When was the last time that you
- 1:06:05drove through an intersection and when you had a green light
- 1:06:08that you questioned whether you were going to die or not?
- 1:06:10No, we just drive through intersections because we
- 1:06:12understand inherently that an algorithm it says if north and
- 1:06:16southbound have a green light east and westbound that that the
- 1:06:19traffic that would kill me has a red light.
- 1:06:22So you trust algorithms all the time.
- 1:06:23So it's always it's examples like that we need to piece it up
- 1:06:26and tee it up like that for people to understand that that
- 1:06:29this, this isn't really different than than ways that we
- 1:06:31operate in life. It's just we're dealing with
- 1:06:33money now and instead of our our our lives.
- 1:06:36And so once people understand that once we once the
- 1:06:39information warfare component as being one, then it's like what's
- 1:06:43the next step? And that's that's really what
- 1:06:45the next book is. It's it's called parallel.
- 1:06:47It's about the Bitcoin social layer.
- 1:06:49The Bitcoin social layer is happening now, right.
- 1:06:51It's happening on simply Bitcoin.
- 1:06:53It's happening in Bitcoin conferences.
- 1:06:54It's happening on Orange Palap. When people are meeting in
- 1:06:57person and all that kind of stuff it's it's the social
- 1:06:59movement that's behind Bitcoin. But but now that the social
- 1:07:02layer is forming like what do we do with that?
- 1:07:04Do we just meet up and talk about Bitcoin?
- 1:07:06No, it's about economic connections.
- 1:07:08Like, why do we know that the biggest thing ever to happen in
- 1:07:11Bitcoin is the parallel economy? Well, look at the title of the
- 1:07:14white paper. What is Bitcoin?
- 1:07:16It's peer-to-peer electronic cash.
- 1:07:18Like the point of Bitcoin wasn't to buy and hold it, right?
- 1:07:22That that's, that's we have horticulture.
- 1:07:24Now I want to start to talk about spending culture, right?
- 1:07:27Like what? What's the next logical step?
- 1:07:28If if we said earlier that this is a revolution that we don't
- 1:07:32have to fight with muskets, but if it's a digital revolution, an
- 1:07:37information revolution like arming your musket, loading your
- 1:07:40musket is buying Bitcoin. Spending Bitcoin is like
- 1:07:44shooting the musket, right? And that's the whole point of
- 1:07:47this book, is like, how do we get people to go from huddle
- 1:07:50culture to now circulating their, their, their Bitcoin in
- 1:07:54the parallel economy? Because every time you spend
- 1:07:56Bitcoin, you're literally voting against the Fiat system.
- 1:08:00It's money that's not being spent in the Fiat system.
- 1:08:03It's it's it's not having to burn the old system down.
- 1:08:06It's just depriving it of oxygen, like we're not doing
- 1:08:09anything violent to the old system other than depriving it
- 1:08:12of the fodder that it needs. And so that's the case of this
- 1:08:14new book and hopefully it's to motivate people to get on board
- 1:08:17with why the parallel economy matters.
- 1:08:20And if enough people, if we champion that cause and and
- 1:08:23there's enough economic connections where I can go
- 1:08:25around my community, I can buy my food, I can get my computer
- 1:08:28repaired. I can, I can have my plumber fix
- 1:08:30my plumbing at my house. If every good and service that I
- 1:08:33possibly need can be provided for in Bitcoin, then hyper
- 1:08:36bitcoinization has happened and that's the goal.
- 1:08:38That's that's the focus here. 100% I 100.
- 1:08:41Percent, hold on. I mean Brian, you're you're a
- 1:08:46man of many talents, bro. Like like guys this book 150,
- 1:08:51this book is is I'm just kidding.
- 1:08:53This is all in the house. OK.
- 1:08:55But this book is like it's this is not like how do you even do
- 1:09:00this This is like you know and it's not just it's not blank
- 1:09:03play just ladies and gentlemen like this is full of data and
- 1:09:06sources and graphics and all that stuff like like what
- 1:09:10inspired you. So this is your second book.
- 1:09:13I. I wait, wait, wait.
- 1:09:14Nico, you you can, Brian. You can tell Nico is a talking
- 1:09:17head because he's like words on paper.
- 1:09:20How do you do? This No, no, no.
- 1:09:22Like, I'm and I'm I'm like, I'm serious.
- 1:09:24Like, dude, like this is, this is like, how do you, how do you
- 1:09:28get inspired to write something like this thorough 'cause it is,
- 1:09:33you know, like this is impressive.
- 1:09:35Like, like, like really like, you see Lynn Alden's book like
- 1:09:39that. It's like a textbook, but like
- 1:09:41this is getting close. Man, this is pretty thick.
- 1:09:43So, like, what inspired you to write?
- 1:09:45That was it scaled down, too. That was me shaving it back.
- 1:09:49That was me shaving it back a little bit, too.
- 1:09:50So we we, in the editing process, we took some stuff out
- 1:09:53because we, you don't like at a certain point you don't want it
- 1:09:55to get lost. Lynn Alden's book, I haven't
- 1:09:57read it yet, but everybody that said they're like, yeah, man,
- 1:09:58it's hefty, but it's it's full, right?
- 1:10:00Like that. If a book's long and it's full,
- 1:10:02like, that's totally fine. But yeah, honestly, I've been in
- 1:10:07Bitcoin since 2013 and I've seen a few bull runs.
- 1:10:11And every time a bull run happens, your phone blows up
- 1:10:14with text messages from friends from high school DMS on, you
- 1:10:17know, whatever social media app it is with from distant
- 1:10:20relatives. And they're all asking the same
- 1:10:22questions. And so after a bull run and a
- 1:10:25half, I'm like, man, I'm answering the same things.
- 1:10:27And I hate trying to describe Bitcoin over text message.
- 1:10:30It takes freaking forever. So I just sat down and I
- 1:10:33honestly was just trying to write a 5 to 10 page PDF of the
- 1:10:37most common questions that I was getting.
- 1:10:38And I'm like, OK, anytime somebody asks me this, I'm just
- 1:10:41going to send them this PDF. And so I sat down and started
- 1:10:45writing and I I wrote the outline of the book.
- 1:10:46And I'm like wait there's a lot more than than 10 pages that I
- 1:10:49need to cover here because like you guys said like there's not
- 1:10:52one answer. Everybody's going to come in
- 1:10:54from a different angle And so the book is really meant to
- 1:10:56answer what's the gold bug saying what's the Fiat maxi
- 1:10:59saying what's the crypto guy saying and and all those things
- 1:11:02so like to in order to cover those yeah it's 300 plus pages
- 1:11:06to be able to hit every possible angle that that at least that I
- 1:11:09could think of but the the the the premise here is I'm an
- 1:11:12entrepreneur entrepreneur just like you guys.
- 1:11:15Like I'm willing to bet on myself do not ask permission to
- 1:11:19do anything. Like I mean like obviously, like
- 1:11:22don't go out and just like run anarchy.
- 1:11:23But like when it comes to building a business or writing a
- 1:11:26book or starting a podcast or whatever, you don't need to ask
- 1:11:28permission. Like we have such a Fiat mindset
- 1:11:31that were born into to where I want to start a business.
- 1:11:35Who do I need to ask to start a business?
- 1:11:38Like do I go down to to City Hall and ask them if I can start
- 1:11:41a business? No, just like freaking start a
- 1:11:42business. Go out and write a book, produce
- 1:11:44something beautiful because that's that's your right as a
- 1:11:48human to do that. I was talking to to Safedine,
- 1:11:51who by the way is also an orange pill app.
- 1:11:53I was talking to him on a Twitter space the other day and
- 1:11:55he said the same thing. We think of Safedine as this
- 1:11:58prolific author. But when he talks about before
- 1:12:01he came to Bitcoin, he had all the ideas for principles of
- 1:12:05economics and and and you know, the ideas that were behind
- 1:12:08Bitcoin, not Bitcoin specifically.
- 1:12:09He had all those ideas in his head for a decade.
- 1:12:12But it wasn't until he got on no sugar and meat and Bitcoin did
- 1:12:16it. It lowered his time reference to
- 1:12:18be able to say like, OK, the only other thing I need to do is
- 1:12:21just start this thing. Safedine had the mindset of like
- 1:12:24I, I, I kind of need permission to write a book.
- 1:12:26And then once he got into the low preference mindset of I
- 1:12:29don't need permission from anybody to write a book.
- 1:12:32Then you produce some of the greatest books of all time.
- 1:12:34And so my books like not on Safedine's level by any means.
- 1:12:38It's it's it's written for for somebody of like my intelligence
- 1:12:41level who you know just it's like plain speak.
- 1:12:43But at the same time like it's a beautiful thing that even
- 1:12:46somebody like Safety Dean is saying like, no, just go out and
- 1:12:49do it. Produce something that is going
- 1:12:51to further the conversation and and that's all I was trying to
- 1:12:54do. Yeah man this is and and and and
- 1:12:56you did just that like I mean like to say the least like it's
- 1:13:00this is ladies and gentlemen this is like this is proof of
- 1:13:03work like this is you're looking at proof of work man it's it's
- 1:13:07no small fee to I think Opti and I we OPTI and I think we have a
- 1:13:10bad making content every single day but that is is very very
- 1:13:14impressive dude and the fact that you're working on a second
- 1:13:16one and the fact that you're you know that you're you're creating
- 1:13:19you're building this app that is helping connect in my opinion
- 1:13:25the the maybe this the most powerful people in the
- 1:13:31wealthiest group of people in the world are gonna be
- 1:13:34bitcoiners in the next 10 years. In my opinion, next 1020 years
- 1:13:38without a shadow, without a shadow of a doubt in my mind and
- 1:13:42the fact that you're building an app to help facilitate connect
- 1:13:46those people is definitely a necessity.
- 1:13:49Bitcoiners are stronger together.
- 1:13:50You were talking about the circular economy, the necessity
- 1:13:53of it. I think you know, you saw a
- 1:13:55little glimpses of that with the Canadian truckers protest here
- 1:13:59in the US, right? It's an election year, you know,
- 1:14:01there's certain, you know if you, there's certain political
- 1:14:04beliefs that if you have, you'll get debanked, right?
- 1:14:06Like that's even happening here in the US.
- 1:14:09But if everyone's on a Bitcoin standard and you know they're on
- 1:14:12a circular economy, they're playing people peer-to-peer.
- 1:14:14Good luck with that. Debanking, right?
- 1:14:17But it's only if you know those people, right?
- 1:14:19There could be a bitcoiner in your building and you don't
- 1:14:21know. You don't, you don't know he's
- 1:14:22there, right? So it's all about building those
- 1:14:25connections, Opti. I mean, I shouts out to Brian.
- 1:14:29You know, I just love having him on and getting his perspectives.
- 1:14:32And you know, that's you can just tell that he believes in
- 1:14:38what we believe in. The idea of like, proof of work
- 1:14:40is a lifestyle and this is what it's all about.
- 1:14:42And this is what we try to push on our show as much as possible.
- 1:14:45Just go out there and create and just, hey, if you're just a
- 1:14:49chair maker, make the best chair as possible.
- 1:14:51If you can write, write. If you make content, if you're
- 1:14:54talking heads like Nico and I do the talking heads like, well,
- 1:14:57just do what you do and then try to sell it for Bitcoin.
- 1:15:02And if it's good enough, the market will respond.
- 1:15:04And Mike shouts out to the new merchant features that you guys
- 1:15:06have an orange pill at. Because I really do think that
- 1:15:09that's furthering the Bitcoin revolution. 100%.
- 1:15:13Yeah. And and and one thing too, we
- 1:15:15had a few online Bitcoin businesses reach out and like,
- 1:15:18hey, we kind of feel a little, you know, short end of the stick
- 1:15:20like you're not promoting online Bitcoin businesses, which is a
- 1:15:22huge part of the economy. I I think that that it's like,
- 1:15:26don't fret because what is something that I was talking to
- 1:15:29the owner of Panties for Bitcoin, for example, the other
- 1:15:31day and he's like, oh, you don't have a feature for us.
- 1:15:33I'm like, well, there's a way for you to connect through your
- 1:15:35personal profile and you can, you know, you can interact with
- 1:15:37bitcoiners that way. But here the the the essence of
- 1:15:40what's happening here is what do you need if you're an online
- 1:15:43only business and you want to be in front of people, especially
- 1:15:46if you have something like underwear that people like need
- 1:15:48to touch and feel to see if it's good quality, you need
- 1:15:51distribution. Well, what is orange Fill out
- 1:15:53merchant section. It's a list of businesses that
- 1:15:57will sell Bitcoin or products for Bitcoin.
- 1:15:59So if you're selling something like Bitcoin panties, or you're
- 1:16:01selling BTC pens or trading cards or any of that kind of
- 1:16:04stuff, you now have a distribution network of people
- 1:16:07who are like minded that you can reach out to.
- 1:16:10And hopefully if it works out, if you can, if you can strike up
- 1:16:12a deal with those companies, you can have your physical products
- 1:16:15in their physical store. Again furthering the synergy of
- 1:16:18the Bitcoin social layer A. 100%, 100%, man.
- 1:16:22Well, this is really cool. And I wanna ask you something,
- 1:16:26Brian, which maybe it's obvious to you cuz you're building the
- 1:16:30app, but how do you? One of the things that happens
- 1:16:34is you build this network and you build whatever and then the
- 1:16:38alt coiners start to kind of flood in and they start to
- 1:16:41market to people and you know, and it gets kind of like
- 1:16:44annoying and whatever. How do you, how do you guys
- 1:16:47prevent that spam in the Orange Pill app?
- 1:16:49How do you guys make it like a sure thing that you're actually
- 1:16:53talking to other bit corners? That's a great question.
- 1:16:57I appreciate you asking that. So anti spam is like one of the
- 1:17:01essences of of Bitcoin. I can't, don't know if you can
- 1:17:04say essences. I think essence is like a
- 1:17:05singular thing. But but but Mateo, I I can brag
- 1:17:09on this because I'm not the brilliant mind that that that
- 1:17:12came up with this idea. If anything it's a cool story.
- 1:17:15Real quick tangent. I signed up for Orange Pill app
- 1:17:18at Pacific Bitcoin two years ago.
- 1:17:20Like, I got the pitch from Mateo just as a dude that walked up to
- 1:17:23his booth right after he'd launched the app and he told me
- 1:17:26about it. So.
- 1:17:26So I started working. I wasn't the guy that came up
- 1:17:28with the idea, but this is the first ever social network that
- 1:17:32starts with the paywall. And I think at first people are
- 1:17:34like, oh, you should have like a free membership and then you
- 1:17:36know, like a, you know, like a freemium model or something like
- 1:17:38that. No, the paywall, it's not big.
- 1:17:40It's 3 bucks a month and or you can pay him, you know, sats and
- 1:17:42you can pay for a lifetime membership if you want.
- 1:17:44That's fine too, but the paywall is the feature that limits spam.
- 1:17:50There's no bots, spam or scammers or anything like that.
- 1:17:53And if if somebody is willing to pay to spam a few messages, then
- 1:17:57guess what? They've just paid in Bitcoin to
- 1:17:58spam a few messages. And then they get they get
- 1:18:01banned by the community. No, no bitcoins out in a in a
- 1:18:04network full of bitcoiners, all coiners spam grifters.
- 1:18:07Those types of people are reported immediately because
- 1:18:10nobody in that community wants it.
- 1:18:11So even if they do pay for it they're only it's it's it's like
- 1:18:15a denial of service attack on Bitcoin.
- 1:18:17Like if a nation state tried to do a a DDoS attack on Bitcoin
- 1:18:21they would pay billions of dollars in order to deny a block
- 1:18:24for 10 minutes and then the bitcoiners would work around
- 1:18:27that And it's like thank you for your billion dollars of of of
- 1:18:30infrastructure that you provided for Bitcoin mining and and you
- 1:18:33know contribution to securing the network.
- 1:18:35Thank you. We're moving on without you it's
- 1:18:37that same kind of thing. Thank you for spending your
- 1:18:39you're $3 in the parallel Bitcoin economy because you paid
- 1:18:42in SAT. Now we're going to move on
- 1:18:44without you and you're banned from your banned from from from
- 1:18:47the network. So yeah, there's no, there's no
- 1:18:49alt coiners, there's no grifters.
- 1:18:51There's no spam or anything like that.
- 1:18:52It is a very, very high signal community and that's something
- 1:18:56that that we that we highly protect because we think that
- 1:18:58that's an instrumental feature of the app.
- 1:19:01And so yeah, you don't have to worry about Crypto Bros or
- 1:19:03anything like that on there. And I'll say that I think that's
- 1:19:06one of the things that we're getting a lot of right now.
- 1:19:08Like me as an individual in the Bitcoin space, I got two invites
- 1:19:12this this week, 1 from a a hedge fund in in Kansas City to go
- 1:19:17speak at one of their conferences because they want
- 1:19:19bitcoiners to talk to their general investors.
- 1:19:21So I mean as far as adoption, how rad is that?
- 1:19:24But then on the crypto side of it, so they wanted to they
- 1:19:26wanted to learn more about Bitcoin, mainstream investment
- 1:19:29hedge fund want to learn more about Bitcoin.
- 1:19:31And then I got a a conference call with what turned out to be
- 1:19:34like a web three company and they asked us if we wanted to
- 1:19:37start an ICO token and then do a big Twitter spaces to push it.
- 1:19:41So the forces between Bitcoin and crypto are ramping up like
- 1:19:45you've never seen before. So finding an app that is high
- 1:19:48signal, it's like a critical time to do that and I think that
- 1:19:51Orange Pill app is a a huge key for.
- 1:19:53Something. Hell yeah, I completely agree
- 1:19:55guys. Definitely check it out.
- 1:19:57Check out the Orange Pill app. Check out Bitcoin Evangelism.
- 1:20:00There's a link in the video description.
- 1:20:02And Brian, when is your new, you said your new book is dropping
- 1:20:06in about a month or so, right? Man, this.
- 1:20:09So by the grace of God, man, I have been blessed with Knut's
- 1:20:14fan home is writing a chapter of it.
- 1:20:15Daniel Prince is writing a chapter.
- 1:20:17It's really impressive. Yeah, I'm so flippin stoked on
- 1:20:20that. So the book was going to be
- 1:20:23launched. We were going to try and have it
- 1:20:24ready for the halving. But then Bitcoin Atlantis heard
- 1:20:27about it. They they loved the idea of the
- 1:20:29parallel economy idea. So they asked if I would launch
- 1:20:31at their conference next month. So it got moved up by a month.
- 1:20:33We were already crushing this book to get it done by by the
- 1:20:37halving. So I outside of your show and
- 1:20:39maybe like one or two other shows, I'm doing nothing but
- 1:20:42writing. We have most of the book's being
- 1:20:44edited right now. The final bits of the book are
- 1:20:46being put together, but it is gonna be launched at Bitcoin
- 1:20:48Atlantis in about a month from now, so I'm really excited.
- 1:20:52Well, I I am, I am, I am scheduled to go.
- 1:20:56But my my child might be born around that time.
- 1:21:01So I might have to not go. So yeah, but I am scheduled.
- 1:21:07I am scheduled to go. So if if I see if I will see you
- 1:21:11there. I'd love to get a signed copy.
- 1:21:13And when I was showing this off, I just realized that you signed
- 1:21:17this for me. So I appreciate that man.
- 1:21:19Thank you dude. Gotcha, man.
- 1:21:21Thank you man that. Was that was did?
- 1:21:22You get your Did you get your little sats blocks?
- 1:21:24I did and I stacked. Them in the living room, bro,
- 1:21:27and everything. Yeah, dude, it was great.
- 1:21:28It was, it was, it was great. Thank you so much for sending
- 1:21:30that over. Well guys, that was simply
- 1:21:33Bitcoin Live. I hope everyone enjoyed the
- 1:21:35show. I wanna give a very special
- 1:21:37shout out to our guest Brian De Mint.
- 1:21:39Absolutely, bro. You're proof of working it, man.
- 1:21:43Dropping books, building amazing apps.
- 1:21:45Bro, it's an honor to have you on the show.
- 1:21:47Thank you so much for joining us.
- 1:21:50My pleasure guys. I love you all and thank you
- 1:21:52very much. Appreciate it.
- 1:21:53All right, guys, that was our show.
- 1:21:54If you enjoyed the show, you know what to do.
- 1:21:55Smash that like button. Consider subscribing if you feel
- 1:21:57like we provide you value. But the number one thing you
- 1:21:59could do to help push the peaceful Bitcoin revolution is
- 1:22:03share Bitcoin content, share Bitcoin culture, share Bitcoin
- 1:22:06music, download Bitcoin apps, buy Bitcoin books, spread those
- 1:22:10Bitcoin books. Sell those Bitcoin books.
- 1:22:12Remember, I think it was Breitbart that actually said
- 1:22:15this, right? That politics is downstream from
- 1:22:18culture, right? You want to win, We've got to
- 1:22:21win over the culture. This is a this is, this is
- 1:22:24narrative trench warfare on the battlegrounds of the Internet.
- 1:22:26We got to win over the hearts and minds of people, and the way
- 1:22:29that we do that is through mematics.
- 1:22:31The way that we do that is through music, through culture,
- 1:22:34through everything, right. So just spread it, spread it, it
- 1:22:37falls down to you take agency anyways.
- 1:22:41And we're going to win, of course, because we have the
- 1:22:42bitcoins incentives on our side. Love you, love you guys all.
- 1:22:46And we'll see you tomorrow for a brand new episode of Simply
- 1:22:49Bitcoin Live.