Latest / Simply Bitcoin / European Central Bank is TERRIFIED of Bitcoin | EP 932

Transcript

European Central Bank is TERRIFIED of Bitcoin | EP 932 · Simply Bitcoin

• 0:03
  It's all going to zero against Bitcoin.
• 0:07
  It's going on forever. You're against Bitcoin.
• 0:17
  You're against freedom. Yeah, Welcome to another episode
• 0:24
  of Simply Bitcoin Live. We're your number one source for
• 0:26
  the peaceful Bitcoin revolution. Cover breaking news culture.
• 0:28
  Matic Warfare will be your guide through the separation of money
• 0:31
  and state. Ladies and gentlemen, welcome to
• 0:33
  the most watched Daily Bitcoin show on YouTube, Rumble and X or
• 0:37
  Twitter. I still like saying Twitter for
• 0:38
  some reason. Anyways, the European Central
• 0:41
  Bank Opti's ex-girlfriend, Christine Lagarde.
• 0:44
  They're freaking the F out. They got Community noted.
• 0:48
  Essentially they came out with a with a Twitter post.
• 0:52
  I don't think they I don't think they call it tweet anymore but
• 0:54
  essentially just talking all this crap about Bitcoin.
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  And they are community noted in 4K.
• 1:01
  Totally embarrassing. And there's a no BS Bitcoin news
• 1:05
  article that came out and apparently it came on the same
• 1:09
  day the ECP reports a record loss for 2023.
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  So, like, are they, are they trying to find, like, it's like,
• 1:18
  you know, we suck at the central banking thing, let's blame this
• 1:21
  other thing, let's get people distracted.
• 1:23
  I don't know. But we'll, we'll jump through
• 1:25
  all that. And you know, they've been
• 1:26
  calling for Bitcoin to fail for like two or three years now, and
• 1:30
  it still hasn't. And of course, we always look at
• 1:33
  the data. We always look at the numbers,
• 1:35
  right? And if you take a look at price
• 1:36
  in Bitcoin, Bitcoin has been destroying the euro for a very,
• 1:41
  very long time now. So what are they saying?
• 1:43
  These central bankers? They're absolutely losing their
• 1:45
  minds. But that tells me that we're
• 1:47
  over the target. That tells me that we're
• 1:49
  winning, and that tells me that we just got to keep up the
• 1:51
  pressure. And other news as well.
• 1:53
  We had Michael Saylor. I guess he's getting very, very
• 1:56
  excited. Tommy Lee goes on CNNBC and he
• 2:00
  shares a price prediction for the end of 2024.
• 2:03
  He's estimated, he's estimating 150K.
• 2:05
  That's extremely bullish. We'll get into that.
• 2:08
  And of course, we have a very special guest today.
• 2:10
  We have the CEO and founder of Bitcoin.
• 2:12
  Well, we have Adam O'Brien. How you doing, Adam?
• 2:15
  What's up, man? I'm good, dude. 150K you think
• 2:18
  is bullish? That seems bearish to me, man.
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  Are we? Let's push that Overton window,
• 2:24
  baby. Yeah, yeah, no.
• 2:26
  Those are rookie numbers. We gotta get those numbers up.
• 2:28
  It's true. Those are rookie numbers.
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  Speaking of rookie number, he's smiling.
• 2:31
  This is gonna be a great show. Giant.
• 2:33
  Smile. Hey, you know I'm with Adam,
• 2:36
  man. Nico, you're way too bearish on
• 2:38
  the show, man. I know you're trying to be
• 2:39
  conservative here, but we did bull tard juice.
• 2:42
  Only on Simply Bacon air horns. Nah, man, what a good day.
• 2:45
  What a what a good day. So what happened?
• 2:49
  What happened, bro? Like what did you do?
• 2:52
  Like what did you do? Like what did you get her upset?
• 2:55
  Like what happened with this? Well, you know, she only wanted
• 2:59
  me for my body and not my brain, so I can't really blame her.
• 3:05
  And I was only there for the connections and it didn't work
• 3:08
  out. You know, it's a it's a miss as
• 3:10
  a relationship. But, you know, you got to try to
• 3:12
  get the bag. And we're trying to get close to
• 3:15
  the kanty on Insider effect. Hey, hey, it is what it is.
• 3:19
  It is what it is. Spiteful lovers are the most
• 3:22
  revengeful, most most vengeful. That sounds like Opti just
• 3:25
  putting in the good work, like just doing the loyal work for us
• 3:28
  here in Bitcoin land. Like it?
• 3:30
  Backfired, though it backfired doing.
• 3:32
  What he needs to do? But hey, Nico, just to clarify,
• 3:36
  you know the ECB has been calling for bitcoins failure,
• 3:40
  for I think it's almost like a decade now.
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  They've been writing about Bitcoin for a long time, and
• 3:43
  they have. But they only released the
• 3:46
  tweets when you and Chrissy flight.
• 3:47
  Like I don't know what happens. Sorry guys, sorry.
• 3:51
  The But the tweets only come when you guys fight.
• 3:54
  Like I have a feeling, I know when you guys fought that the
• 3:56
  night before cause the tweet comes out the next day.
• 4:00
  Chad's crazy. Anyway, let's let's get off this
• 4:02
  topic. Let's change this topic.
• 4:03
  No, no in the comments section it's too good.
• 4:05
  This is like. So during the culture segment,
• 4:10
  really excited Bitcoin, well is awesome.
• 4:13
  The reason it's awesome, guys, It's because it's the first self
• 4:17
  custody by default platform in the US And we say this all the
• 4:21
  time, guys, if we want to win the revolution, we just get
• 4:25
  enough people taking self custody, we'll win.
• 4:27
  And there's absolutely nothing they could do about it.
• 4:30
  And that's why it's so important.
• 4:31
  That's why, you know, we really believe that it fits with the
• 4:33
  simply Bitcoin ethos and we want to talk about that during the
• 4:36
  culture because Adam, I feel like that's the narrow path,
• 4:39
  That's the hard path, man. That is not the easy path.
• 4:42
  So we want to talk about why it was important for you to build a
• 4:47
  self custody platform by default, why it's important to
• 4:50
  the Bitcoin mission. Because like I said, man, that's
• 4:54
  that's the painful path that scares some people away.
• 4:56
  But it also creates the right incentive structure, which is
• 4:59
  what you want, right? You don't want the convenience,
• 5:01
  the convenience of the Fiat matrix, which is like, you know,
• 5:05
  it's so it's alluring to some people, but you know it comes
• 5:08
  with consequences, right? Yeah, man.
• 5:11
  I mean it's it's a, it's a time preference game like when you
• 5:14
  got low time preference. And and we've been talking about
• 5:17
  this a lot in the organization about like how we capture
• 5:21
  customers, which customers are the ones that, that should and
• 5:24
  need to be using the platform. And we understand that today our
• 5:28
  platform's probably not for everybody.
• 5:31
  We're making a platform for bitcoiners and then the number
• 5:35
  of bitcoiners we're banking on growing.
• 5:36
  And I think I mean maybe with the exception of you, Nico, and
• 5:39
  your bearish 150K predictions, you know, we all agree that the
• 5:43
  number of of bitcoiners is going to be growing here over the next
• 5:46
  five, 1025 years. And we're excited to be a
• 5:50
  platform for bitcoiners. Absolutely, man and dude.
• 5:53
  And we're super, super excited to.
• 5:56
  Hey wait be. On the journey with you guys Go.
• 5:58
  Before, Before you move on, let's do a little sneak peek and
• 6:02
  give the people a reason to stick around.
• 6:04
  Because there is a big coin, yes.
• 6:07
  Yes, drop it. Drop it in now.
• 6:09
  OK. All right, give them a sneak
• 6:10
  peek. Dude, this is how this is how
• 6:11
  you YouTube outgo this. All right, all right.
• 6:13
  Ladies and gentlemen, we are going to be talking about the
• 6:16
  Bitcoin jackpot contest. If you go to Opti, could you
• 6:21
  pull it up, please? If you go to
• 6:22
  bitcoinwell.com/app, you you guys will app slash reward dash
• 6:27
  points. You'll see all the details
• 6:29
  there. Redeem 210 points per entry.
• 6:32
  Enter as much as you want. Signing up and making your first
• 6:35
  transaction earns you 1850 points.
• 6:39
  Each entry adds adds Sats to the jackpot Jackpot.
• 6:43
  And if you guys sign up before Friday, you get you guys put
• 6:47
  yourself an opportunity to win yourself a passport hardware
• 6:51
  wallet. So we're going to be talking a
• 6:53
  lot more about the Bitcoin jackpot contest, Adam told me.
• 6:58
  Not to call it the BJ contest, but.
• 7:01
  Yeah, this episodes officially going to get knocked off
• 7:07
  YouTube. I think, I think updating that
• 7:12
  gets into back into good graces there is by winning.
• 7:16
  Yeah. Hey, I'll leave it at that, but.
• 7:20
  Oh man. So yeah, I know.
• 7:21
  Guys, you can tell Nico we know our clientele here.
• 7:23
  We know our audience. We do.
• 7:25
  Action. Take agency right now and sign
• 7:28
  up and put yourself an opportunity to win some some
• 7:31
  free Sats and potentially a hardware wallet and it's all
• 7:34
  self custody in the process is beautiful, beautiful stuff.
• 7:37
  So, so yeah, we're going to talk about that like guys, it's going
• 7:39
  to be an exciting show. Can't wait for it.
• 7:42
  Let's jump straight into the numbers.
• 7:43
  But before we do that, I do want to give hey, shout out to our
• 7:47
  ship sponsor Bitcoin. Well, it's the first self
• 7:51
  custody platform by the fault in the US.
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  It's a Canadian company that's publicly traded, established in
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  ethos of the separation of money in state.
• 8:20
  So guys, doesn't take very long. Go to bitcoinwell.com today.
• 8:24
  All right, everybody, let's get some numbers.
• 8:25
  We have a lot to talk about. Let's check it out.
• 8:26
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  Stamp your seed on stamp seed. All right ladies and gentlemen,
• 9:29
  let's jump straight into numbers.
• 9:30
  At the time of recording, the Bitcoin price is 51,570 stats
• 9:35
  per dollar 1939 block height 831,561 blocks two having 8439
• 9:43
  having estimate April 19th, 2024 Total Lightning network capacity
• 9:46
  4683. Bitcoin capacity value 200, 41
• 9:51
  million U.S. dollars. Realized monetary inflation
• 9:53
  1.74%. The market capitalization of
• 9:56
  Bitcoin 1.01 trillion U.S. dollars.
• 10:00
  The Bitcoin versus gold market cap, we got to get those numbers
• 10:03
  up. That's a rookie number.
• 10:04
  We got to get that to 100% and then 150%, then 200% and then
• 10:08
  maybe maybe at that point Peter Schiff will cry and change
• 10:12
  teams. Anyways, bit of a ETF update.
• 10:16
  Adam, we were talking before the show.
• 10:18
  We are going to reprice this. We are no longer going to tell
• 10:22
  you the amount of Bitcoin that BlackRock owns.
• 10:24
  We're going to reprice it in pizzas.
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  So 124 a hundred. I'm gonna round it up to
• 10:30
  125,000. Quickly shout out ultra murals
• 10:33
  in the chat, 'cause they're the ones like that's just that's the
• 10:36
  real MVP right there. So if if we were to replace this
• 10:41
  with the, the famous first time Bitcoin was priced, which is,
• 10:45
  you know, 10,000 Bitcoin for 2P, John's pizzas, right?
• 10:49
  If you divide it, you divide that 124,000 that BlackRock
• 10:54
  currently owns, you round it up to 125.
• 10:56
  That would only get BlackRock 125, sorry, 25.
• 11:00
  Papa John's pizzas, right? So it's not not very much.
• 11:03
  Blackrock's still early and Fidelity, Also's rookie numbers,
• 11:06
  88,000. OK, we'll round up, we'll round
• 11:09
  that up to 90,000. That's not that many pizzas.
• 11:12
  So, you know, these these companies really got to get
• 11:15
  their act together, 'cause they're going to get left
• 11:17
  behind. Anyways, wait, wait, wait, Nika,
• 11:19
  you're so Miami. It's pizza, not pizza.
• 11:22
  It's pizza. What are you talking about?
• 11:23
  That's what. I said oh man, that's what I
• 11:27
  said bro. Okay.
• 11:29
  In other news again, the Overton window, it's really important
• 11:33
  it's keep shifting. We we wanna have these types of
• 11:36
  discussions on the legacy media because this is, this is how we
• 11:40
  really wake people up, right? We have to remember that Bitcoin
• 11:43
  content creators, we make Bitcoin content for other
• 11:46
  bitcoiners. Of course, when the number goes
• 11:48
  up, you know that that net gets bigger and more, more and more
• 11:51
  people start asking questions. But really if you want to move
• 11:54
  the envelope, it's these like mainstream podcasters or you
• 11:58
  know, legacy media that they're just, they're just, they're not
• 12:00
  talking about Bitcoin all day, right?
• 12:02
  And then when you start to hear these numbers, they're like, Oh
• 12:04
  my God. And they start to ask questions.
• 12:06
  So these types of events are really, really important from a
• 12:09
  historical perspective, from an Overton window perspective and
• 12:12
  from an adoption perspective. So here's Tommy Lee, and of
• 12:15
  course here's the Chad Sailor retweeting the video, 'cause I
• 12:18
  think he understands the importance of these types of
• 12:21
  interviews and stuff. So let's check it out.
• 12:24
  We teased Bitcoin because I I have no idea I don't know what
• 12:27
  it's trading on. Maybe I don't know what you
• 12:29
  think it's trading on. Now the ETF obviously that that
• 12:31
  was something usually it like the Fed to E so you just said
• 12:33
  some positive things about about that maybe for more for more
• 12:36
  printing for but. I said, and I was just throwing
• 12:39
  out a number. We're at 50.
• 12:39
  I said what you said it might be strong for the remainder of the
• 12:43
  year. I said 75.
• 12:44
  What? What did you say to me?
• 12:45
  I think it's you know could be as high as 150,000 this year.
• 12:48
  So double what I thought was a. 150,000, so we're tripling at
• 12:51
  this point. Yeah, because you've got demand
• 12:54
  improving with the ETF and you have the supply shrinking with
• 12:57
  the happening. And if monetary policy eases,
• 12:59
  which we expect, you know, that's supportive of risk assets
• 13:01
  and bitcoins holding up. I mean that's another reason why
• 13:03
  I don't think a drawdown is going to start that soon.
• 13:06
  I mean bitcoins been rallying the last couple weeks.
• 13:09
  Wow, take that to the bank. Those are big numbers.
• 13:13
  I don't know anymore. And are you in all the limited?
• 13:15
  Go back. Are you in the camp of this is
• 13:17
  like a $500,000 valued over. Yeah, over.
• 13:21
  Five years, are you? Yeah.
• 13:23
  It is sound money. And I think it's proving to be
• 13:26
  useful and proving to be useful how?
• 13:28
  Well, it's very useful if you're an investor right now.
• 13:30
  Yes, it's been a great store value.
• 13:32
  It's been a good risk asset. It's also incredibly secure.
• 13:35
  You know, there hasn't been a single fraudulent entry on the
• 13:37
  blockchain since inception. I don't think any bank can say
• 13:39
  that's true of their PNL and accounting.
• 13:42
  You know 6% of banking transactions are suspicious 0%.
• 13:45
  On the big what did? So Sorkin's going to have fun
• 13:47
  staying poor, bro? Like what?
• 13:48
  Is this what I thought? I thought we convinced over the
• 13:51
  legacy media when BlackRock got in the game.
• 13:53
  What is this is this is unacceptable.
• 13:55
  Unacceptable. You know what?
• 13:56
  What pisses me off when they all say Bitcoin trades like it's
• 13:59
  some kind of paper Fiat type of legacy instrument.
• 14:04
  When it's like a commodity, like you don't say, you know, gold
• 14:08
  trades in the ground and and and and gold gold's trading, like
• 14:12
  you say gold ETFs trade somewhere.
• 14:14
  But when you buy gold, you just say, I bought gold or I bought
• 14:16
  silver or tungsten or like whatever, metal oil.
• 14:19
  But the fact that we're just still calling it trades just
• 14:23
  shows us how early we are and just how dumb people are in
• 14:28
  legacy finance. Yeah, I mean, it's such a like,
• 14:33
  I like, I kind of understand where they're coming from.
• 14:35
  But at the same time, it's like, dude, it's Michael Saylor says
• 14:38
  it best, right? This is a completely different
• 14:41
  asset class as you can't look at it like anything else.
• 14:44
  And I think that if you've spent your entire life in the Fiat
• 14:48
  matrix, you're looking over at Bitcoin and you're just like,
• 14:52
  it's a stock. I could just buy it on my
• 14:54
  Charles Schwab account, right? They don't understand that.
• 14:57
  It's a totally different assets. It's a it's a it's a money, but
• 15:01
  at the same time it's a commodity.
• 15:03
  But at the same time it's savings.
• 15:05
  You know, it's all these things, right?
• 15:07
  I had a call with a with a guy yesterday and he was asking me
• 15:10
  about the best way to day trade Bitcoin.
• 15:12
  And I was like, no, you do not day trade Bitcoin.
• 15:16
  You buy Bitcoin, you put it in cold storage and you save it for
• 15:19
  your grandkids or for future generations.
• 15:21
  If you want to spend your Bitcoin, you just spend your
• 15:23
  Bitcoin on, you know, the house or the trip or the renovation or
• 15:27
  the car or like whatever it is that you want to buy.
• 15:29
  But and then I was thinking about it after.
• 15:30
  Bitcoin literally has like savings incentives built in.
• 15:34
  It punishes people for waiting too long and not educating
• 15:37
  themselves 1st. And then it doubly punishes
• 15:39
  people for for spending too fast and not thinking before they
• 15:43
  spend their coins. It's like all the incentives are
• 15:45
  just wrapped up naturally and organically inside this perfect
• 15:49
  protocol and here we are talking about where it trades and day
• 15:52
  trading it. It's like, how early are we?
• 15:55
  Yeah dude, we're we're we're very, very early in the game and
• 15:58
  I want to get your thoughts on the price prediction, 'cause you
• 16:02
  know, I was saying, I was saying what I expect, right?
• 16:04
  I'm expecting 100 guys, not financial advice.
• 16:07
  We only recommend DCA self custody on simply Bitcoin.
• 16:11
  That being said, that disclosure has been made, dude.
• 16:15
  I mean 100K, that's what I'm expecting by the end of the
• 16:18
  year. But both of you guys are like
• 16:19
  Nico. That's all absolutely bearish.
• 16:21
  What are you talking about? Get out of here.
• 16:23
  We got to change simply Bitcoin's name to simply
• 16:25
  bearish. What are you doing?
• 16:27
  You got to get the fuck out of Miami.
• 16:28
  You're crazy. You put pineapples on the on
• 16:31
  your pizza, you fucking loser. What are you talking about, bro?
• 16:34
  You call him pizza? Pizza.
• 16:37
  So, But yeah, I mean, you guys, you guys are like, no, that's
• 16:40
  bearish. You guys are.
• 16:41
  You're expecting 150K by the end of the year.
• 16:43
  That's fucking crazy. That's nuts.
• 16:46
  Yeah, OPT Do you want to take this one or should we?
• 16:48
  I mean I I'll jump in like guys this is this is very simple.
• 16:53
  Look in my opinion again my my original sin is I am extremely
• 16:58
  bull tarted. I'm as bullish as they come and
• 17:01
  I I just, I think these are even 3X is a conservative opinion in
• 17:05
  my in my humble opinion, like it's only 1 double up to six
• 17:10
  figures. Like if you don't think Bitcoin
• 17:12
  can go a hundred 100% in this year with everything going on,
• 17:16
  like do you really understand what digital scarcity means?
• 17:19
  Like it's literally just a double to six figures.
• 17:22
  And then once we get the six figures I think is when the real
• 17:25
  FOMO starts to catch on because most people are asleep.
• 17:28
  Like we watched it, we we noticed the numbers and and we
• 17:30
  can tell the views on our YouTube channel that once the
• 17:33
  Bitcoin price starts pumping, people really get interested in
• 17:36
  Bitcoin. And once it goes sideways for a
• 17:39
  little bit people too, now they're just like I don't even
• 17:41
  care, you know. So human psychology is very
• 17:43
  strange. We're like, you know, I I say it
• 17:45
  all the time, if you like Bitcoin pumping from 25K to 50K
• 17:49
  and then it goes sideways for what two months or something and
• 17:52
  you're not buying Bitcoin, like why wouldn't you like Bitcoin
• 17:55
  when it's on sale, when it when it's at a stable price you
• 17:58
  should like Bitcoin even more because you understand what
• 18:01
  digital scarcity really means. And so, you know, I I try not to
• 18:05
  judge human psychology because we just, we're humans and we're
• 18:08
  hard wired a certain way. But people love when the price
• 18:11
  starts running and that's when the FOMO starts kicking in.
• 18:13
  And I really do think that once we hit that psychological level
• 18:17
  of 100K6 figure Bitcoin is when people are going to really start
• 18:21
  to catch on. Of course people will still be
• 18:23
  like, oh, we missed the boat, it ran from 50K to 100K and we're
• 18:27
  all sitting here like man, 100K like this is still the
• 18:30
  beginning. Like this is still the start of
• 18:33
  the number going up forever. And then anyways I want to touch
• 18:36
  on. Going up forever, Laura.
• 18:37
  Going up forever, Laura Sound. Boarded, sound, boarded bro.
• 18:40
  I'd I'd have to find it. So let me let me let me finish
• 18:43
  on the Sorkin video, because I don't think.
• 18:45
  Unacceptable. The whole It's going up forever.
• 18:48
  Laura, there was Savage. The that Sorkin video, like you
• 18:56
  can tell that I I forget what his first name is, but Sorkin is
• 19:01
  really playing cover for like Wall Street and stuff because
• 19:04
  like someone said in the chat, like Wall Street runs on
• 19:06
  speculation that their show Squawk Box is literally all
• 19:10
  about speculation and watching financial markets.
• 19:12
  And then there there was a point that went around on Twitter last
• 19:15
  night. The longer video, the the full
• 19:18
  extended one, and he he basically said a meme of like a
• 19:21
  store of value should stay the same price forever.
• 19:25
  And then Joe Kern just like destroyed him by saying like,
• 19:27
  yeah, gold was $300.00 and now it's $2000.
• 19:30
  Like what are you even talking about?
• 19:31
  And then if you factor in the fact that they're printing
• 19:33
  obscene amounts of money, like, of course a store value is going
• 19:37
  to go up because it's all vying for more dollars.
• 19:40
  And so your store value, it's it's just there's so many
• 19:45
  misunderstandings in Keynesian economists that it it's actually
• 19:49
  incredible that these are the people that people look up to,
• 19:52
  to tell them how to invest properly.
• 19:54
  It's like, look, yeah, of course, you know, a stable store
• 19:57
  of value sounds great. Like gold's been pretty stable
• 19:59
  for what, like thousands of years until the Federal Reserve
• 20:03
  or rather central banks were created.
• 20:05
  And now you see the price starting to pump because people
• 20:08
  need a way to store their value securely into the future.
• 20:11
  So like a state as a stable store of value.
• 20:14
  It doesn't necessarily mean that the price stays the same.
• 20:16
  It just means that it doesn't get debased and that you aren't
• 20:19
  losing value by holding that store value.
• 20:22
  So I mean it's it's just absolutely incredible and shuts
• 20:25
  up the Joker and he's my favorite Bitcoin podcaster.
• 20:27
  But yeah Nico 100K is 1 double up from here.
• 20:31
  Like, I I don't think that that is a crazy thought.
• 20:34
  I think I don't know what I barely even know what Kegger
• 20:37
  means right. But I think every year Bitcoin
• 20:40
  has gone up historically 150%. So I think that I don't want to
• 20:44
  say this time different, but I just feel like this time might
• 20:47
  be different. I feel it.
• 20:48
  You know, I I don't have any technical analysis.
• 20:51
  I'm not in a trading group. I draw some some imaginary
• 20:54
  lines. 11 Telegram Group, Opti. When?
• 20:56
  Opti Trading Group. Soon.
• 20:59
  I'm literally, yeah, yeah, every day.
• 21:01
  I'm just like, buy Bitcoin. It's going up.
• 21:04
  That'll be $1000. Please, no.
• 21:07
  But I mean realistically like a 3X from here.
• 21:11
  I don't think that that is that crazy when you consider just how
• 21:15
  much Bitcoin Wall Street is scooping up.
• 21:17
  We haven't really seen the FOMO, retail FOMO.
• 21:20
  We're going to everyone and their mother's going to be
• 21:22
  talking about Bitcoin coming up. I remember in 2017 it seemed
• 21:25
  like everyone was talking about Bitcoin and now I'm.
• 21:28
  I'm pretty convinced that everyone has had at least one
• 21:32
  touch point on Bitcoin. I feel like the whole world,
• 21:36
  rather maybe not the whole world, but the majority of the
• 21:38
  world, has heard the word Bitcoin.
• 21:40
  They've all made-up their minds about Bitcoin.
• 21:42
  They all probably thought Bitcoin is dead and once the
• 21:45
  price starts ripping, everyone's going to be talking about
• 21:48
  Bitcoin. It's going to be everywhere.
• 21:49
  Every celebrity, every financial advisor we have, every, you
• 21:53
  know, asset manager in the world talking about Bitcoin.
• 21:55
  Everyone is going to need some exposure to Bitcoin and I think
• 21:58
  this cycle is going to have the same kind of FOMO that we saw in
• 22:03
  2017, but just on a larger scale.
• 22:05
  So I mean, I know 150K seems crazy and I'll probably be wrong
• 22:09
  and you guys can make fun of me next time this year, but I just
• 22:13
  it a 3X from here just doesn't seem crazy to me.
• 22:16
  Like I I'm convinced we're going higher than, you know, 100K,
• 22:21
  like 6 figures. Breaking 6 figures I think is
• 22:24
  the first psychological block. And then we're gonna, I don't
• 22:26
  know, I I feel like we might get a few more few more XS in there,
• 22:29
  but what do I know? I just stacked Bitcoin and talk
• 22:33
  about Bitcoin 'cause I I I think it's the best way to store
• 22:37
  value. I think it's the best.
• 22:38
  You know, I hate using best investment possible.
• 22:41
  Guys, between all the platforms, we're almost at 400 live
• 22:44
  viewers. So if you're watching this on
• 22:45
  YouTube, if you're watching us on YouTube, Twitter or Rumble,
• 22:50
  make sure to smash that like button.
• 22:52
  Really, really helps with the algos.
• 22:54
  Adam, I want to get your take. How do you feel about this 150K
• 22:58
  price prediction? I mean, Adam, you've been here a
• 23:00
  minute, right? You know, Do you believe in the
• 23:03
  diminishing returns narrative? What would you say to people if
• 23:06
  they told you, man, I missed the boat, it's already too late.
• 23:10
  What would you tell that person? It's like, it's just the Fiat
• 23:14
  mindset, man. I think like and that's where
• 23:16
  where Srokin is so off a store. I think he I think first of all
• 23:19
  let me put this on record. Srokin is bang on.
• 23:21
  A store of value should not increase in value.
• 23:25
  However, we do not price valuable things and money.
• 23:28
  We price them in hours worked or in consumables like food and
• 23:31
  storage and energy, food and housing and energy.
• 23:34
  Like in a perfect world you can work in.
• 23:36
  If you can work an hour today and buy one steak, let's say,
• 23:40
  and you should be able to also store that hour and buy one
• 23:43
  steak at any point in your future.
• 23:45
  The only reason we're in this, this incredible rat race of
• 23:49
  trying to gain more Fiat and gambling in the in the Fiat
• 23:52
  casino is because we do not have good money.
• 23:55
  We do not have money that actually maintains its value.
• 23:58
  If you have, if you work an hour today and you get $30.00 in your
• 24:02
  pocket and then in seven years that will not buy you a steak in
• 24:07
  in seven years that won't put whatever 4 liters of gas in your
• 24:11
  car. You we and.
• 24:13
  And that's the reason why like stores of value exist so that
• 24:17
  they store value. But these Fiat first thinkers
• 24:22
  they they they think of money as the at the center of the
• 24:26
  universe when in fact the center of the universe is us humans our
• 24:30
  energy and our ability to create value with that energy.
• 24:34
  And so is Bitcoin going going to 150 K Yeah obviously it's going
• 24:39
  to go it's going to long surpass 150K.
• 24:42
  And here's actually why I don't think that 6 figure barrier is
• 24:46
  such a such a physical barrier And and you Americans think that
• 24:49
  that America is the end all be all of the entire world.
• 24:52
  But like Bitcoin is going to hit six figures in a lot of other
• 24:55
  countries first And and it won't be because there's a
• 24:59
  psychological barrier being broken.
• 25:00
  It'll be because the money in those areas in those geographies
• 25:03
  in those nation states that are failing is getting so poor that
• 25:07
  people are evacuating Fiat and rushing to Bitcoin.
• 25:10
  I mean I remember in 2017 I think or 2018 sometime in that
• 25:15
  time frame Bitcoin in South Korea was on a 2X premium.
• 25:19
  People were literally buying Bitcoin at our Bitcoin ATMs and
• 25:23
  he was selling it in South Korea for for double and he was and he
• 25:27
  was making these insane. Like look at this like like you
• 25:30
  want to be a billionaire. Just just move somewhere where
• 25:32
  the dollars are worth a billion dollars.
• 25:34
  Being a billionaire is the dumbest aspiration in the world.
• 25:37
  You want to have purchasing power of a billion dollars.
• 25:40
  And that's where Bitcoin goes. That's why Bitcoin, I don't say
• 25:42
  it's an investment. Bitcoin is savings.
• 25:43
  We take value that we create with our time and we save it in
• 25:47
  Bitcoin. We move it into the future with
• 25:50
  Bitcoin. It's a time storage, time
• 25:52
  savings tool, not an investment. I even even hesitate to call it
• 25:55
  a financial instrument. It just looks like money because
• 25:58
  we're just so used to trading paper bills for value.
• 26:01
  But we wouldn't need money if all of our skills and and and
• 26:04
  and energy was transferable. Bitcoin just is the middle man,
• 26:07
  the the, the, the middle commodity between our time and
• 26:10
  the energy and the things that we want and need to consume.
• 26:14
  Beautiful. Yeah.
• 26:15
  And and and you, you, you made a really good point also too,
• 26:18
  which is this idea of like, you shouldn't aspire to be a a paper
• 26:22
  billionaire, right? You know, 'cause it's like, you
• 26:25
  should aspire to have more Bitcoin than the day before.
• 26:29
  And if that's the case, then you're doing it right.
• 26:32
  Dude, when you're stacking coins, when you're actually
• 26:35
  thinking about your unborn granddaughter as you're stacking
• 26:38
  coins, as you're either stacking or or, you know, not spending
• 26:42
  those coins, that's like, so it's peak time preference era,
• 26:46
  right? If you're like, how about this
• 26:48
  my, my great, great, great, great, great grandkids are going
• 26:51
  to benefit from the efforts that I'm putting in today.
• 26:54
  That's a real thought. And there's no chance you're
• 26:56
  going to meet like your 10th down the line generation
• 26:59
  bloodline. But having having that thought
• 27:02
  and that time preference, could you imagine what the world will
• 27:05
  look like if we all had that level of time preference and
• 27:08
  that that much self restraint and self-control?
• 27:10
  Like just it'd be stunning. Beautiful.
• 27:13
  It would be beautiful and it would be a much better world.
• 27:16
  It would be a much like the the buildings, right?
• 27:19
  Like, you know, you hear this about in the Middle Ages, right?
• 27:22
  How these cathedrals would take hundreds of years to build
• 27:25
  meaning the first generation that started the construction
• 27:28
  they knew they were never gonna see that right.
• 27:30
  But it was that like long time preference thinking and I feel
• 27:34
  like Fiat has like really poisoned everyone's mind with
• 27:37
  this like very short term thinking.
• 27:39
  But it it it, I feel like you've reached this level of Zen Adam,
• 27:43
  that you know from just experiences perhaps running your
• 27:46
  business. You know being a Bitcoin for
• 27:49
  more than a decade. I feel like you've reached the
• 27:51
  level of Bitcoin Zen where you're just like like, you know,
• 27:54
  with your with your hands like this and you're just like low
• 27:57
  time preference man. I sat in a cafe with one of my
• 28:01
  one of my oldest friends, like one of my oldest bitcoiner
• 28:04
  friends in 2014. This is right after the Mount
• 28:08
  Gox collapse. We had both just fumble into
• 28:11
  Bitcoin at 12:50 a coin. To be clear, $1250 per coin.
• 28:16
  Bitcoin had tumbled. That's Canadian.
• 28:18
  Bitcoin had tumbled to $247. I will not forget this on my
• 28:23
  phone. It was 247 for months.
• 28:25
  It just sat there and I remember it was finally nice here in
• 28:28
  Edmonton. It was like April, we were
• 28:30
  sitting at this cafe and we were both just like maybe this is all
• 28:33
  Bitcoin is worth. Maybe it's only worth $247 and
• 28:38
  and and here we are and it's an awesome protocol.
• 28:40
  It works as a payment rail if we need it to.
• 28:42
  We're going to continue stacking like as per our strategy and
• 28:46
  just just let it run. And sure enough, 2016 happens
• 28:50
  and it's like, oh wow, here we go.
• 28:51
  We went from 1000 to 15,000 in like, you know, a month or
• 28:56
  whatever, 8 weeks or whatever it was.
• 28:58
  And then 2020 happens and 2021 happens and you know the big
• 29:02
  COVID flash crash to the epic roars and it's like just you
• 29:08
  just never count Bitcoin out. You think it'll be 3X, it'll be
• 29:11
  9. You think it'll be 9X, it'll be
• 29:12
  20 and and on a honestly, on a long enough time frame like the
• 29:16
  paper just gets so diluted. The paper just gets so thin that
• 29:20
  Bitcoin is inevitably going to hit a billion dollars in USD.
• 29:23
  But I would caution against that won't be Bitcoin soaring to a
• 29:27
  billion. It'll be the US dollar.
• 29:31
  Like just tumbling and collapsing towards that few SATS
• 29:35
  per dollar. 100% I I first of all that's extremely bullish,
• 29:41
  completely agreeing with that statement.
• 29:43
  And I think that's why the central bankers like at least in
• 29:47
  Europe, they can't, they can't hold themselves in like they
• 29:50
  can't hold themselves. They're just like this is making
• 29:52
  me look bad and they can't help themselves but to lash out,
• 29:56
  right? So.
• 29:57
  Anyways, wait, wait, before you go, very fitting.
• 29:59
  A wise man once said I don't stack stats for my first name, I
• 30:04
  stack them for my last name. Stats out to Nate.
• 30:06
  Can't mine. Yeah, it's a it's a really it's.
• 30:09
  Hard man. I like that a lot.
• 30:11
  Nick, Nick slays it. All right, everybody, let's get
• 30:14
  to the news. We got a lot to talk about
• 30:15
  today. Let's check it out.
• 30:19
  The. Daily News.
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  Check out the passport link in the show notes below.
• 31:17
  To learn more ladies and gentlemen, we have to go through
• 31:20
  the series of events. Last night 1155 I got a text
• 31:24
  message from Opti saying dude, I fucked up and I said what do you
• 31:28
  mean? And he's like bro, me and
• 31:29
  Chrissy went at it. And of course this morning this
• 31:33
  tweet went out and I texted Opti.
• 31:35
  I said, bro, Fuck, man. Again.
• 31:38
  Question mark. Are you OK, bro?
• 31:41
  So, yeah, it's highly disappointed.
• 31:44
  You know, he's been trying to close this deal for a long time.
• 31:47
  He keeps dropping the ball. But you know, I, I, I I applaud
• 31:50
  you, bro, for trying. You gotta you gotta get in
• 31:52
  there. Opti needs the BJ contest and.
• 31:57
  When he says BJ contest, of course we're talking about the
• 31:59
  Bitcoin jackpot contest. If you guys don't know what
• 32:03
  what, what, what we're talking about, you can check it out
• 32:05
  bitcoinwell.com/app slash Reward Dash points and more details
• 32:10
  there. Anyways, So what am I talking
• 32:12
  about? The ECB dropped this tweet says
• 32:15
  Bitcoin has failed to become a global decentralized digital
• 32:18
  currency, instead failing victim to fraud and manipulation.
• 32:23
  The recent approval of an ETF doesn't change the fact that
• 32:26
  Bitcoin is costly, slow and inconvenient, argues the ECB.
• 32:31
  And then they get fucking community noted, which is
• 32:34
  absolutely hilarious. Number one, Bitcoin is not
• 32:38
  preferable for criminals. Fiat like EUR and dollars is 2.
• 32:43
  Bitcoin is an open monetary protocol and a decentralized
• 32:46
  store value 3. The Euro is losing its
• 32:49
  purchasing power against Bitcoin constantly.
• 32:52
  Or. Bitcoin is good for the
• 32:54
  environment, dude. Absolutely erect.
• 32:57
  And then of course Preston Pish hold Hodling Carla BTC sessions
• 33:03
  Joe Akimot like bro like just the Bitcoin immune system.
• 33:06
  Just like completely swarmed and they got absolutely wrecked.
• 33:10
  This is look, we say this is narrative trench warfare.
• 33:14
  Absolutely ratio 3.7 to 2.8. This is narrative trench
• 33:18
  warfare. We're we're winning.
• 33:20
  We're fighting over the hearts and minds of individuals.
• 33:22
  That's what we're fighting for. Right.
• 33:23
  And This is why social media is so important.
• 33:26
  This is why you have to take agency.
• 33:27
  You have to take action, get involved, take self custody to
• 33:32
  help your friends, your family, the people around you, wake
• 33:35
  people to F up. It's Bitcoin or slavery, right?
• 33:38
  It's Bitcoin or central bank digital currencies.
• 33:40
  You got to wake the F up and you got to decide what type of
• 33:42
  future do you want for you and your family, right.
• 33:45
  So this is the front lines, this is this is what it's all about.
• 33:49
  And right, we won this fight. We absolutely wreck them.
• 33:52
  I I don't know, Maybe they're so disconnected from reality that
• 33:57
  they'll try this again. But you know, if they're smart,
• 34:00
  I would shut the fuck up because this community note looks bad,
• 34:04
  the comments look bad, and what they were trying to achieve with
• 34:08
  this did the exact opposite. And I feel like these 2800
• 34:12
  likes, I feel like half of them are bots and then the rest are
• 34:15
  people that work at the ECB. So.
• 34:18
  And one is OPTI, of course, because, you know, Chrissy.
• 34:22
  So here is the No BS Bitcoin article.
• 34:25
  It kind of covers this and it gave another element to it
• 34:27
  because I was just like, oh, it's just a tweet like these
• 34:30
  losers, these central bankers, they're just trying to remain
• 34:32
  relevant. No, but something else happened
• 34:35
  at the same time. So this is the European Central
• 34:37
  Bank today reported an A record annual loss for 2023 and said
• 34:42
  further losses were likely as its aggressive interest rate
• 34:46
  hikes force it to pay out billions of euros to banks.
• 34:49
  At the same time, the bank also published another opinion piece
• 34:54
  on perceived quote failures of Bitcoin.
• 34:57
  So, I mean, are they projecting on to us what it is they're
• 35:00
  guilty of themselves? This is the iron law of central
• 35:03
  banker and politician projection and never fails.
• 35:06
  And if you actually take a look at the data on a five year
• 35:10
  timescale, the euro is down 92.73% compared to Bitcoin.
• 35:16
  So I don't know what you know. I don't know what they're
• 35:19
  thinking and what you know they're referencing, but clearly
• 35:23
  you know, I agree with Peter St. Angier, they're scared, right?
• 35:26
  And I love how he says it's scared.
• 35:28
  They attack Bitcoin with all the passion they used to attack gold
• 35:31
  because they know that government control of money is
• 35:34
  their key to power. They're key to seizing unlimited
• 35:38
  amounts of the people's resources.
• 35:41
  Really good take Here's beauty on.
• 35:42
  Beauty on is the Co founder of US TECO and he says leading
• 35:45
  aside that these racist lites did everything in their power
• 35:49
  and failed to stop Bitcoin from becoming a global decentralized
• 35:53
  digital currency, making them liars because it now manifestly
• 35:57
  is. The ECB is showing here that the
• 36:00
  EU is not is not only not a place for innovators to
• 36:04
  flourish, they're a place where entrepreneurs and investors
• 36:08
  should not go since offerings like the ETF are forbidden
• 36:11
  inside its borders. The reality is that they are
• 36:14
  very scared of Bitcoin and they're so smug and secure in
• 36:17
  their traditional positions that they have no incentive to
• 36:20
  embrace anything new. They're like government owned
• 36:23
  and operated telephone systems refusing to embrace voice over
• 36:27
  IP. Everyone is leaving, whether you
• 36:30
  like it or not, ECB. They're heading for Skype,
• 36:33
  WhatsApp, Signal and Bitcoin and there is nothing you can do
• 36:37
  about it. Absolutely.
• 36:38
  Drop Mike from beauty on and I completely agree.
• 36:41
  And here's Nick Carter and, he says, genuinely impressed at the
• 36:44
  EC BS willingness to be clown itself by penning A Seeking
• 36:48
  Alpha Esque bear case relying on references.
• 36:51
  It's a random Tier 4 news outlets and discredited papers
• 36:55
  from 2018 alleging vague manipulation.
• 36:59
  And he goes on to say this is one of their references.
• 37:02
  A 2018 paper that looks at price action between 2011 and 2013 on
• 37:06
  Mount Gox, trotting out the old canard that the Willy Bot was
• 37:10
  responsible for the price rise. Absolutely comical.
• 37:14
  They would base their analysis of Bitcoin in 2024 on a price
• 37:18
  action from literally over a decade ago on Mount Cox.
• 37:22
  This wouldn't pass muster as a reference in a 101 level
• 37:25
  business class in college, yet the ECB is relying on it as a
• 37:31
  optic. What does that say as a
• 37:32
  causative analysis? Was very.
• 37:34
  Fancy. Words, very fancy words.
• 37:37
  Nick Carter humiliating stuff. Go ban AI or whatever it is you
• 37:41
  do over there. One weird trick to undermining
• 37:44
  the commentary of quote experts. Literally just read the
• 37:46
  references they cite as support. Most of the time it's total
• 37:51
  made-up guard garbage. It's so easy.
• 37:53
  And then this kind of goes back to something that me and Mark
• 37:55
  Moss were talking on yesterday on simply Bitcoin IRL, which is
• 37:59
  this idea that like now that social media and the Internet is
• 38:03
  a thing. You know, it doesn't matter
• 38:06
  whether you have the stamp of approval and the Gray check
• 38:09
  right, of a government approved, you know, or government verified
• 38:12
  source on Twitter. You got to post information like
• 38:16
  everybody else. And if that information is
• 38:18
  false, if that information revolves on a like on a false
• 38:21
  narrative, you're going to get absolutely wrecked, right.
• 38:24
  And and this is the ECB getting absolutely wrecked and now you
• 38:28
  know why they're so hell bent on sensory right.
• 38:31
  Like it makes perfect sense. Now I do have a video of Opti's
• 38:35
  ex, you know, Warren Opti of of Christine Lagarde saying the
• 38:40
  quiet part out loud. And this is a couple years ago.
• 38:43
  It's a very famous video. So you know she says the quiet
• 38:47
  part a lot. She she calls Bitcoin escape
• 38:49
  valve and she reaches the inevitable conclusion of wow,
• 38:54
  what beauty on was saying we can't stop this thing unless
• 38:57
  there's this global effort by multinational and even then it's
• 39:01
  not going to be successful. But she kind of sees, you know
• 39:04
  the writing on the wall. But anyways, so check out the
• 39:06
  video. It is a speculative, it's it's a
• 39:09
  speculative asset by any account.
• 39:12
  I mean when you look at the, at the most recent developments
• 39:15
  upward and now the most recent downward trend, it's for those
• 39:19
  who had assumed that it might turn into a currency, terribly
• 39:23
  sorry, but this is an asset and it's a highly speculative asset
• 39:27
  which which has conducted some funny business and some
• 39:32
  interesting and totally reprehensible money laundering
• 39:35
  activity. I think that there are criminal
• 39:37
  investigations that have taken place that I'm sure will
• 39:40
  continue to take place that demonstrate it very clearly and
• 39:44
  and there has to be regulations and and this has to be this has
• 39:48
  to be applied and and agreed upon.
• 39:52
  It's a matter that needs to be agreed at the global level
• 39:54
  because you know if there is an escape that escape will be used.
• 39:59
  So I think it needs to be to be if, if if anything, it shows
• 40:03
  that global cooperation, multilateral action is
• 40:06
  absolutely needed, whether it's initiated by the.
• 40:09
  Absolutely. Like totalitarian, crazy stuff,
• 40:15
  basically. You know, saying we have to ban
• 40:17
  this thing. Funny business, talking about
• 40:19
  money laundering. Look, you know what's the theft
• 40:23
  that your money steals from you? You know what's theft is the
• 40:26
  fact that Bitcoin, you know, is outperforming the euro by what?
• 40:31
  The euro's down 90.73% by design, by the way.
• 40:35
  It's inflation is built in by design.
• 40:38
  That is the tragedy. That is the crime.
• 40:41
  And they're like the tweet you have the head of the ECB, who's
• 40:45
  a convicted felon, I might add. Not making that up.
• 40:48
  Don't trust, verify. You can check it for yourself.
• 40:52
  And she's projecting onto Bitcoiners and Bitcoin what it
• 40:56
  is her system actually does every single waking moment of
• 41:01
  the day, which is steal and suck the purchasing power, the energy
• 41:06
  out of hard working individuals in Europe.
• 41:09
  So yeah, I mean, Christine Lagarde, go # sand, You know,
• 41:12
  the crazy part also is like, aren't we capitalists here?
• 41:16
  Like, don't we want the better money to win?
• 41:18
  They're like, is is. They don't want a fair
• 41:20
  competition, right? They want the government
• 41:22
  bureaucracy. They want the government Moat to
• 41:25
  protect their system, right? They don't.
• 41:27
  They don't care about competition.
• 41:29
  So, you know, everything gets exposed.
• 41:31
  One of my favorite features, I've been going on a ramble for
• 41:34
  a while, but I'll say this and then I'll pass it on to Adam.
• 41:36
  One of my favorite features of Bitcoin is that it exposes
• 41:40
  incentives, right? It's like a feature that a lot
• 41:43
  of people don't talk a lot enough about.
• 41:46
  But Bitcoin exposes incentives on a long enough time frame.
• 41:50
  And whether you're for Bitcoin, whether you're anti Bitcoin,
• 41:53
  eventually it will come to the surface.
• 41:55
  Why you're anti Bitcoin, why you're pro Bitcoin.
• 41:59
  And the central bankers, right, they've tried to make it
• 42:01
  illegal. They've tried to like play the,
• 42:04
  you know, the, the bureaucracy, tips and tricks.
• 42:07
  It's not working so well. So they start to lash out and
• 42:10
  they start making mistakes, right?
• 42:11
  Like Nick Carter just pointed out the fact that they're
• 42:13
  referencing a paper written back in 2013, that these are not
• 42:18
  serious people. Right?
• 42:19
  This is, this is not serious people.
• 42:21
  They're not playing a serious game, right.
• 42:24
  But I don't think that's the point.
• 42:25
  I think it's hubris. I think they feel protected.
• 42:28
  You know, this is an institution that's been around for hundreds
• 42:30
  of years. It's never had any type of
• 42:32
  competition. So anyways, that's how I feel
• 42:35
  about it. Adam, really glad that you
• 42:36
  joined us on today's show because this is like clown world
• 42:40
  times 50, bro. Look, their papers and their
• 42:43
  excuses are suffering from inflation as well, right?
• 42:47
  Dude, like this is literally Atlas Shrugged.
• 42:50
  This is like Ayan Rand told us this would happen, she said The
• 42:53
  scholars are going to come, they're going to try to throw a
• 42:55
  bunch of nonsense in our way and try to trick us into slavery and
• 42:59
  that is exactly what this is The difference here and and and
• 43:02
  luckily what Ayan Rand didn't didn't predict is that we've got
• 43:05
  decentralized protocols leading the way, mainly in communication
• 43:09
  and now in money. I don't think this Bitcoin
• 43:11
  peaceful revolution started in 2008 when Satoshi posted the the
• 43:16
  white paper. I think it happened in like 2000
• 43:18
  when we actually had an Internet Protocol that allowed us to move
• 43:21
  information without the need for a centralized body.
• 43:24
  This has been working for them for hundreds of years.
• 43:27
  I just want a quick like tangent.
• 43:29
  I just finished Chernobyl and I was watching it on the plane.
• 43:32
  My family and I traveled to Costa Rica, went and hung out in
• 43:34
  the Bitcoin jungle. It was incredible.
• 43:36
  On the plane I watched Chernobyl and it was, it made me mad.
• 43:40
  I had to stop and I get up and just paced up and down the
• 43:43
  hallway of the plane because I was so upset that the
• 43:46
  governments and the socialists controlled, the media,
• 43:49
  controlled everything happening so tightly that they were just
• 43:52
  able to lie. They they, they, they literally
• 43:55
  killed millions of people with lies.
• 43:58
  And this is the way of all central bankers and governments,
• 44:01
  governments that have come since then.
• 44:03
  They have just been used to controlling media, controlling
• 44:06
  narrative, controlling facts and stats and using things, cherry
• 44:09
  picking things for what suits them the best.
• 44:13
  And now they're they're I think finally coming to terms with the
• 44:17
  fact that we can community note them like they're using Twitter
• 44:20
  as if it's a safe place to post their propaganda and it's just
• 44:24
  not. And they can't get away with it
• 44:26
  and they don't know what to do. Now they're scrambling, which
• 44:29
  means they're going to get dangerous which means I saw
• 44:31
  something up there, self custody, Bitcoin.
• 44:33
  Like look at this, we got the 6102 order right here.
• 44:36
  Like there's problems that are coming up.
• 44:38
  There's there's there's definitely going to be the the
• 44:41
  legacy tyrannical terrible people trying to capture your
• 44:46
  Bitcoin, capture your wealth, capture the value you've created
• 44:49
  with your time that you've meant to leave for future generations
• 44:52
  and they're going to try to steal it and and we need to know
• 44:55
  better. We need to act better.
• 44:56
  We need to be hyper, hyper aware and we need to educate.
• 44:59
  We need to teach. I was, I was talking with
• 45:00
  someone about Bitcoin. They accused me of being a
• 45:02
  doomsdayer and I was like, no, like we just we have to be
• 45:06
  realists. We have to prepare for what's to
• 45:08
  come. We have to be peaceful and we
• 45:10
  have to take Bitcoin into self custody so that when the losers,
• 45:13
  when the the Fiat maximalists that are trying to maintain just
• 45:17
  an ounce of power come and play dirty, we need to be prepared to
• 45:22
  not stoop to their level but to rise above and to take the sound
• 45:26
  money into the future. Because we know that Fiat has an
• 45:29
  end date. It has.
• 45:30
  Historically, we want to look at stats.
• 45:32
  Fiat has never worked. Ever.
• 45:33
  Period. Hard.
• 45:34
  Stop and the show. Put the mic down.
• 45:37
  Fiat has never worked. And to think that it will work
• 45:40
  now is just dumb. You just have to be stupid to
• 45:43
  think that. And I don't think we're stupid.
• 45:45
  So if Fiat's not going to work, what is?
• 45:47
  It's obviously going to be Bitcoin, some level of
• 45:49
  decentralized money. Let's focus on how does that
• 45:52
  rise up. Let's get it to that level.
• 45:55
  Beautifully, beautifully. Said.
• 45:57
  And This is why like and. And This is why, like you know,
• 46:01
  the we have to, we have to push the right tools.
• 46:05
  We have to create. We have to essentially promote
• 46:09
  and recommend the right environment for people to be
• 46:13
  incentivized to learn how to self custody.
• 46:17
  Learn how to Bitcoin, really. Because if you don't create it
• 46:21
  right, you have the traps of the Fiat matrix.
• 46:23
  You fall into the convenience, you fall into the convenience of
• 46:26
  someone else holding your money. And you know that takes away
• 46:29
  personal responsibility from your setup and therefore you're
• 46:32
  like oh you know I'm so used to this, right?
• 46:34
  But as bitcoiners we know the power of self custody, right?
• 46:38
  And self custody's awesome, right?
• 46:39
  There's multi sig geographically separate your seed where like
• 46:43
  there's there's such a like it totally just moves things to
• 46:46
  your advantage and then you sleep really well at night.
• 46:49
  You know that shit isn't going anywhere till the end of time.
• 46:52
  If you know if if, if you literally could take it with
• 46:55
  you. I mean, can't take it with you,
• 46:56
  but it's not going anywhere. So yeah man, it's it's it's
• 47:02
  definitely a a a brave new world.
• 47:03
  It's extremely exciting, but we have a lot of work to do as
• 47:06
  individuals. We have to get involved.
• 47:08
  We can't just, you know, just get lazy and just lean back and
• 47:11
  just feel that Bitcoin's going to take care of it for us.
• 47:14
  I have what's the what's the the the saying that we always say
• 47:17
  Opti, right? Don't ask what Bitcoin can do
• 47:19
  for you. Ask what you can do for Bitcoin.
• 47:22
  Ask what you can do for this movement.
• 47:23
  Anyways, Opti, what's your take on all this, bro?
• 47:25
  Listen again. What the fuck bro?
• 47:28
  Hey I tried guys I did my best. OPTI Opti's on the inside for
• 47:33
  the whole Bitcoin movement. Quit dunking on me.
• 47:35
  I did the best I could. Okay anyways.
• 47:37
  Anyways, I absolutely love seeing the community notes.
• 47:41
  I'd love seeing their propaganda just fall on death ears like I I
• 47:45
  just love seeing that they're getting flat constantly for all
• 47:51
  of the garbage they spew out there.
• 47:53
  And I read that article or blog post this morning and the
• 47:57
  projection and cope is just palpable through the whole
• 48:00
  article. It's it's very much like they're
• 48:04
  projecting what they do and then they blame us Bitcoiners and
• 48:09
  Bitcoin for their problems that they created.
• 48:12
  And it's absolutely just incredible once you peel once
• 48:16
  you Pierce The Veil. Anyways, the one thing I really
• 48:19
  want to touch on is the point that they made.
• 48:21
  It was the first article or the first paragraph if you guys read
• 48:24
  the blog post and it said Bitcoin has no fair value.
• 48:27
  Like there is a real world cost to Bitcoin and it's the price of
• 48:30
  energy. Like what sounds like having no
• 48:33
  fair value? Something that can be created
• 48:36
  literally out of thin air, AKA the euro or the dollar, or
• 48:40
  something that takes work, energy, and labor to create.
• 48:44
  I don't know, It seems like Bitcoin has a real fair value
• 48:48
  and the thing that's printed literally out of thin air has no
• 48:51
  fair value. And the amount of projection
• 48:53
  coming out of this article is absolutely insane.
• 48:57
  And everyone knows that Fiat money is the real money of
• 49:00
  criminals. Like we've touched on that all
• 49:01
  the time. This is why we are bitcoiners.
• 49:04
  This is why we have opted into a better system.
• 49:08
  And you know, again, the other thing they touched on is Bitcoin
• 49:11
  is bad for the environment. What are you posting up here?
• 49:14
  Yeah, exactly, exactly. Finance and evil.
• 49:17
  Like that sounds like the dollar to me.
• 49:19
  That sounds like paper money. That sounds like the last 100
• 49:21
  years of central banking. And then the last part on the
• 49:25
  environmental impact, because they, they had three points.
• 49:27
  They said, you know, Bitcoin has no fair value.
• 49:30
  Bitcoin is for criminals and it's bad for the environment.
• 49:34
  Well, you know, Fiat and gold are way worse for the
• 49:38
  environment than Bitcoin could ever be.
• 49:40
  And we don't even have to get into all the details because we
• 49:42
  cover this all the time. And then guys like, let's be
• 49:45
  honest, does anyone even read the European Central Bank's blog
• 49:48
  posts? Like, come on, except for
• 49:50
  bitcoiners, of course. Only bitcoiners read the blog
• 49:52
  posts. But it's like no one's even
• 49:54
  reading their stuff. Like, no one's even paying
• 49:55
  attention to the propaganda. They just pull it out and shouts
• 49:58
  out to Nick Carter. You got, you know, you guys are
• 50:00
  trolling him in the chat, but absolutely asteroid that whole
• 50:03
  argument. And I just, I just love seeing
• 50:06
  central banks and central bankers freak out about Bitcoin
• 50:09
  because it just makes me want more Bitcoin.
• 50:11
  This is like the very reason why we Bitcoin.
• 50:13
  And when you see them freak out about it, you're just like,
• 50:16
  yeah, we're right. Like, I knew I was right.
• 50:19
  And the more you freak out, the more I know I am right.
• 50:22
  Yeah, no. And and they they accuse
• 50:23
  everything, like, like they're calling us evil.
• 50:26
  They're saying, you know, the Emperor has no clothes.
• 50:27
  Like, bro, like you guys. Like, look at yourself in the
• 50:29
  mirror, dude. Like what's wrong with you guys?
• 50:32
  Anyways, before we move on guys, I do want to give a shout out to
• 50:36
  our sponsors. We with the show would not be
• 50:39
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• 50:42
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  Bitcoin. You got to get yourself this
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  All right, everybody, let's get to the culture.
• 51:12
  Talk to Adam from Bitcoin. Well, let's check it out.
• 51:14
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  today. All right, Opti, let's talk
• 51:54
  about Bitcoin. Well, let's talk about self
• 51:57
  custody by the fault. And let's talk about the Bitcoin
• 52:00
  jackpot contest. We have a lot to talk about.
• 52:02
  We have a lot to unpack. So yeah, where do you start with
• 52:04
  some custody start? Off with self custody, man,
• 52:06
  because it's so important. Like I it's something that I
• 52:09
  feel really passionate about. It's something that I feel and
• 52:14
  it's, you know, I Opti, I think I called you that day.
• 52:17
  But essentially I had an experience with my parents, and
• 52:21
  my parents have been holding Bitcoin as long as I have since
• 52:25
  2016. And you know, the first couple
• 52:29
  years they think you're a psychopath, they think you're
• 52:31
  crazy. And then what happens is number
• 52:34
  go up does its thing. And now my parents are literally
• 52:36
  saying Hashtag and the Fed and all that stuff, right?
• 52:38
  But I it was my dad's birthday, We all went to my sister's
• 52:42
  apartment. And I remember I go in there and
• 52:45
  I'm the Bitcoin IT guy, right? And they're all like, I don't
• 52:49
  know what's going on with myself.
• 52:50
  Custody setup. Like, holy shit, I haven't
• 52:52
  checked my keys. And like, I'm like, I'm like, Oh
• 52:55
  my God, we got to update the hardware wallet.
• 52:56
  And then it's like my sister was missing her words.
• 52:58
  And then we had to, like, go through a process of like, where
• 53:01
  was the last time you put them? And then we ended up finding
• 53:02
  them. But the point that I'm trying to
• 53:05
  make is that all happened because they're used to
• 53:08
  convenience, right? They're used to these platforms
• 53:12
  where, you know, it's like you buy the Bitcoin and just sits
• 53:15
  there and you're like, oh, this is like buying a stock.
• 53:17
  This is like Robin Hood, This is like, oh, this is easy.
• 53:20
  So you have to think about incentives.
• 53:23
  And American Huddle has this great phase, which is no one is
• 53:25
  better than their incentives. If you create a system, a
• 53:29
  platform where it's self custody by default, meaning you have to
• 53:35
  take self custody, right. It changes the incentive
• 53:38
  structure and it might, it might be a little bit harder, it might
• 53:42
  be a little bit more complicated, but it's actually
• 53:45
  pushing the revolution, it's pushing what it is we're looking
• 53:49
  for. We want to hyper bitcoinize
• 53:51
  world. Then we got we need more
• 53:53
  individuals taking back their financial sovereignty using
• 53:56
  Bitcoin and we're not going to create that environment unless
• 54:00
  we do the hard thing and that's exactly what you guys did over
• 54:03
  at Bitcoin. Well Adam with the self custody
• 54:06
  by default, so, but it also is to totally transparent.
• 54:11
  It is a tough business decision right Because you have to
• 54:15
  willingly take the narrow path. You have to take the harder path
• 54:19
  if there's a platform that you know offers Bitcoin, Bitcoin
• 54:25
  convenience by default. I just coined that, but I like
• 54:27
  it. You know, I think a lot of
• 54:31
  people are going to choose Bitcoin convenience, right?
• 54:34
  And that's just kind of the reality.
• 54:36
  So what is your thinking behind this?
• 54:38
  You know, you guys have been around for 20 since 2013.
• 54:42
  Yeah, I mean, what's your thinking?
• 54:44
  What's your logic? Yeah man, it's it's mission
• 54:47
  driven. Like you don't you don't get a
• 54:51
  seat at the big table by scamming people and you don't
• 54:56
  get to call yourself a bitcoiner if you don't embody Bitcoin
• 55:03
  principles. And I think that like we need
• 55:06
  more people that get used to self custody because the
• 55:11
  incentive is Bitcoin. Like I think I said this earlier
• 55:15
  today, like Bitcoin punishes you for waiting to educate yourself
• 55:20
  with in in whatever way. Either you wait too long before
• 55:22
  buying your first SAT. Either you don't take your coins
• 55:27
  off of a custodial platform and they disappear, or they get 61 O
• 55:31
  2D or something to that effect where you're the incentives or
• 55:36
  Bitcoin are to educate properly. Because if you lose your seed
• 55:40
  phrase, that's also a punishment for not getting educated well
• 55:43
  enough. And we're talking about
• 55:44
  incentives we need if if we just run through with a bunch of
• 55:49
  custodial platforms and hope people self custody, we get more
• 55:52
  people thinking they can day trade Bitcoin.
• 55:55
  More people ignoring the fact that Bitcoin is not for them,
• 55:57
  it's for their last name, not their first name.
• 55:59
  I love that statement. That's so good you don't get
• 56:02
  last name Bitcoin in someone else's wallet.
• 56:05
  Just like like we all know not to put our sexy photos on the
• 56:10
  cloud because the guys at Apple or Google are just going to look
• 56:13
  at them, We need to know not to put our sexy money on the cloud
• 56:16
  either. And and you can only do that by
• 56:19
  taking self custody and if you give people two options, one is
• 56:23
  hard and one is easy. Even if it's hard and good and
• 56:27
  easy and bad, they're going to take easy.
• 56:29
  The human condition is too ingrained in us.
• 56:32
  We are too susceptible to our high time preference short term
• 56:36
  thinking. And so the thought process here
• 56:38
  is we know it's a small market right now.
• 56:41
  We know the amount people in the USA that are comfortable taking
• 56:45
  self custody. We know it's a small market, but
• 56:48
  we are absolutely banking on the fact that they resonate so hard
• 56:52
  with our mission to enable independence that they're going
• 56:55
  to be the ones shouting from the rooftops.
• 56:57
  You've got to take Bitcoin into self custody.
• 57:00
  And again, when faced with two options, eventually the options
• 57:05
  turn and hard and good becomes more important.
• 57:08
  With a loud enough megaphone, with enough people behind us.
• 57:11
  We cannot do this mission on our own.
• 57:13
  That's part of the reason I mean Niko, when we met, what was it
• 57:16
  like almost a year ago now? Like we had a long conversation
• 57:19
  about why self custody is so important and and and why that
• 57:23
  by default, like you actually just can't leave coins on the
• 57:26
  platform. There's a zero.
• 57:28
  There's not even a spot in our user interface that has a
• 57:32
  Bitcoin balance on the platform ever.
• 57:35
  Because you cannot leave coins on the platform.
• 57:37
  It is self custody only. That's it.
• 57:40
  That's the only option. It's just withdraw coins on the
• 57:43
  blockchain. We call it real Bitcoin.
• 57:44
  If you're not buying Bitcoin on the blockchain, it's just not
• 57:46
  real. And so I think that that's part
• 57:49
  of the reason we we we want and we love this partnership so much
• 57:53
  is because your ethos like to to decouple money in state that
• 57:58
  only happens if coins money is in your control and so it's not
• 58:02
  easy but I don't think good things were ever easy and I do
• 58:07
  think that Bitcoin is a good thing.
• 58:08
  Our mission to enable independence is a good thing and
• 58:10
  it's gonna be tough. But you know, I we're here and
• 58:13
  we're doing it and I think we're gonna be living proof that
• 58:16
  taking the High Road to self custody is the right low temp,
• 58:21
  low time preference play and that's what we're banking.
• 58:23
  On 100% it's the narrow path. It's the harder path but if you,
• 58:28
  I don't want to say force, but if you incentivize right where
• 58:32
  you know they go to Bitcoin well and you incentivize you create
• 58:36
  this like situation where it's like oh, you know I have to have
• 58:40
  to learn this thing. You know people are going to do
• 58:43
  it right and and. Yeah, man.
• 58:44
  And that's and that's like like when we started.
• 58:47
  So we launched this platform in Canada in 2000, late 2022, and
• 58:52
  we set out we were just going to be the cheapest and we knew it
• 58:55
  was going to be harder, but we were the cheapest.
• 58:56
  And then we found interesting ways to innovate that a
• 58:59
  custodial platform literally couldn't even do.
• 59:02
  Because a custodial platform, you have to realize, one, they
• 59:05
  hold your money and that's just sucks.
• 59:06
  But two, it's very like you have to fund a balance before you can
• 59:10
  buy coins. And so finding ways to eliminate
• 59:13
  the steps, finding ways to make it actually a better experience,
• 59:18
  like in Canada, because of some of the payment rails that we
• 59:20
  have. You don't even have to log into
• 59:22
  the platform to buy Bitcoin. You just send an E transfer and
• 59:25
  Bitcoin is sent on the blockchain to your wallet like
• 59:28
  boom. Just like that.
• 59:30
  Unfortunately the US payment rails aren't as good, but we'll
• 59:32
  get there. Like I am so confident we are so
• 59:34
  mission driven. Every single decision we make is
• 59:37
  does this enable more or less independence?
• 59:40
  And if the answer is less, it's scrapped.
• 59:42
  I don't care what it is, It could be a billion dollar idea.
• 59:44
  It's scrapped. We have a low time preference
• 59:46
  that needs to. It demands that we enable
• 59:49
  independence and like self custody.
• 59:52
  Bitcoin is just that's like it's just the only answer.
• 59:55
  There's just there's literally no other way it like you're
• 59:58
  tricking yourself otherwise a. 100% one 100% agree with that
• 1:00:02
  statement. Self custody is the revolution.
• 1:00:04
  Self custody is the innovation. Self custody is what changes
• 1:00:07
  things, right? The reason that they got away
• 1:00:09
  with the six one O 2 order was because of the physical
• 1:00:12
  characteristics of gold. That led to the centralization
• 1:00:16
  of the custody of gold. That led to a honey pot for the
• 1:00:19
  government just to knock on a handful of banks and say, hey,
• 1:00:23
  that gold is mine. Now imagine millions upon
• 1:00:25
  millions of individuals holding their own keys.
• 1:00:28
  That that's why Christy Lagarde is freaking out.
• 1:00:31
  That's why the ECB is freaking out the way they are, because
• 1:00:34
  they can't. In their head, they're like,
• 1:00:36
  holy, we can't like with like, we can't make this thing go
• 1:00:40
  away, right. And that that's why they're
• 1:00:41
  freaking out. That's why, like Elizabeth
• 1:00:43
  Warren, you know, has those totalitarian slips and she's
• 1:00:46
  like, you know, we have to, we have to kill this thing.
• 1:00:49
  That's why it, like, fundamentally changes the whole
• 1:00:52
  relationship between the state and the individual.
• 1:00:56
  But that only happens. That only happens if you have
• 1:00:59
  self custody. And then that gives you the
• 1:01:01
  power to vote with your wallet and also your feet.
• 1:01:03
  It empowers you as individual, empowers you and empowers your,
• 1:01:07
  you know, your, your, your family.
• 1:01:10
  You definitely want to put in the work.
• 1:01:12
  Someone asked. I saw in the chat what the fee
• 1:01:14
  is. It's 1% on Bitcoin.
• 1:01:15
  Well Opti, what's up bro? What's up?
• 1:01:23
  What's up? Are you asking me to talk to?
• 1:01:27
  Chime in now Or. I'm passing it to you bro.
• 1:01:29
  Yeah. Oh, oh, OK.
• 1:01:30
  Hold on, hold on, give me a second.
• 1:01:35
  Words from yellow. Let's What else was on our
• 1:01:38
  docket? Let's let's go to the the
• 1:01:40
  Bitcoin. Jackpot.
• 1:01:41
  Let's go to the Bitcoin jackpot. Also guys, we have almost 500
• 1:01:44
  live viewers across all the platforms.
• 1:01:47
  Smash that like, but it really helps with the algos, really
• 1:01:50
  helps push the orange signal. So if you guys are enjoying the
• 1:01:52
  show on Rumble X or YouTube, just make sure to smash that.
• 1:01:56
  Like smash it, Smash it. Anyways, yes, let's talk about
• 1:01:58
  the Bitcoin Jackpot contest. Adam, actually, before we go on,
• 1:02:02
  someone said, who is this Canadian and what is this
• 1:02:04
  company, yo, So maybe drop it again for the people coming in
• 1:02:12
  late. What's what?
• 1:02:13
  Who are you, Adam? What is Bitcoin?
• 1:02:16
  Well, real quick. And then let's go into the
• 1:02:18
  Bitcoin jackpot contest. So maybe you can just roll into
• 1:02:21
  both of those. Yeah, OK, I'm Adam.
• 1:02:25
  I I found Bitcoin in 2013, found it really hard to buy.
• 1:02:28
  And then dedicated my life to making it easier to buy and sell
• 1:02:32
  and now use Bitcoin. There's there's ways that again
• 1:02:36
  we're, you know, we're in Canada and the US In Canada you can pay
• 1:02:40
  your bills with Bitcoin. There's a lot more opportunities
• 1:02:42
  that we've had because we've been here for 10 years and we're
• 1:02:44
  bringing all of this energy, this independence energy now
• 1:02:47
  into the US And so in 2014 we launched the some of the
• 1:02:53
  provinces up here. First Bitcoin ATMs actually on
• 1:02:57
  Saturday will be the 10 year anniversary from our first ever
• 1:03:00
  Bitcoin ATM being deployed downtown Edmonton, which is
• 1:03:03
  pretty cool. In 2022 I realized that Bitcoin
• 1:03:07
  ATMs were good. They were, they were privacy
• 1:03:10
  enhanced, but they weren't. The end all be all to
• 1:03:14
  independence. You need more ways to buy, sell
• 1:03:17
  and use Bitcoin. And actually Bitcoin is so much
• 1:03:19
  more than just buying, selling and using Bitcoin.
• 1:03:22
  It's a freedom tool. And so the company started
• 1:03:25
  taking massive steps towards treating Bitcoin like a freedom
• 1:03:28
  tool, not just a financial asset.
• 1:03:31
  And we we did a a brand shift. We changed from Bitcoin
• 1:03:34
  solutions to Bitcoin. Well, and the thought process
• 1:03:37
  behind that brand shift, it was in combination with us going
• 1:03:39
  public, I guess, which was important.
• 1:03:42
  Tough to trademark Bitcoin solutions, but Bitcoin, Well,
• 1:03:45
  when we're talking about that, when you think about the first
• 1:03:48
  cities that were colonized, they were all by water.
• 1:03:50
  And one of the first things you have to do when you colonize a
• 1:03:53
  new city, you got to dig a well because water is life and you
• 1:03:57
  literally die if you have no well in a in a in a city or at
• 1:04:01
  least in the in the first early days.
• 1:04:02
  Now we have pipes and all this stuff, but back in the good old
• 1:04:04
  days and so when we talk about our company, we talk about
• 1:04:08
  Bitcoin. Well, we are the first like
• 1:04:10
  that's it. We're the 1st hole in the
• 1:04:12
  ground. We are the ones that give and
• 1:04:14
  deliver real Bitcoin on the blockchain to enable
• 1:04:17
  independence of our customers and that's why we're called
• 1:04:20
  Bitcoin. Well also the like double
• 1:04:22
  entendre of Bitcoin good. I just I'm too much of A meme
• 1:04:26
  whore to to to pass that up. So we just it's it, it's stuck
• 1:04:31
  and and that's who we are and yeah, I'm stoked to to be
• 1:04:36
  enabling independence. So Adam, you guys recently, so
• 1:04:38
  you guys started in Canada, but you guys recently expanded to
• 1:04:42
  all 50 states, right? So you know and you're bringing
• 1:04:45
  self custody by default to the US and what was your life?
• 1:04:50
  Obviously you want to expand the business, but that happened not
• 1:04:53
  too long ago right there. You guys recently expanded to
• 1:04:55
  the states? Yeah, it was.
• 1:04:58
  So we launched in the states at first I want to say like in the
• 1:05:02
  spring or late spring last year, but we were we were capped
• 1:05:05
  because of some of the licenses we're using different partners
• 1:05:08
  and we needed different licenses to to to come through and that
• 1:05:11
  takes time obviously. And so it was actually just in
• 1:05:14
  February when finally all 50 states are live.
• 1:05:18
  Time to spread the word. Let's get self Bitcoin or self
• 1:05:21
  custody by default real Bitcoin into the hands of Americans and
• 1:05:26
  and and honestly we, we kind of are hoping to tap into an early
• 1:05:30
  set of community bitcoiners to help us make the proper products
• 1:05:34
  because we are one team. You know, I'm obviously one guy.
• 1:05:38
  We've got an incredible product and development and operations
• 1:05:41
  team at hand. But it takes a village to to
• 1:05:45
  raise children and this is I've got four like human children and
• 1:05:49
  I've got 1 corporate child and and this is it and it takes a
• 1:05:53
  village and we want to grow this thing to maximum independence
• 1:05:57
  territory we want we're we're building a Bitcoin super company
• 1:05:59
  and we just need the community to help us do that And so we
• 1:06:02
  need people using the platform. We need people finding what they
• 1:06:05
  don't like about the platform telling us being loud be savage.
• 1:06:08
  I've got thick skin. You've been in Bitcoin for 10
• 1:06:10
  years. You got enough people calling
• 1:06:11
  you crazy and delusional and corrupt.
• 1:06:14
  I've been called some absolutely heinous names.
• 1:06:17
  Nothing anyone will ever tell me will hurt my feelings.
• 1:06:20
  So you can just like rip the platform apart, be super rude,
• 1:06:23
  tell me what needs to be better, and like you'd be damn sure
• 1:06:26
  we're going to fix it because we are so mission driven on
• 1:06:29
  enabling independence, that anything short of maximum
• 1:06:32
  independence for the entire world, like that's the mission.
• 1:06:35
  It is. It is absolutely giving people
• 1:06:37
  control of their money, of their energy, of the value they create
• 1:06:41
  with their time. And that's that's that's the
• 1:06:42
  mission that that's why we're here.
• 1:06:44
  Love it. All right, beautiful.
• 1:06:45
  Let's, let's get into the. Oh, go, Nico.
• 1:06:47
  Sorry. Yeah, and that leads me to the
• 1:06:52
  the because guys, you know, we understand, right, Incentives
• 1:06:57
  are important and that leads me to the Bitcoin jackpot contest,
• 1:07:02
  right? So Adam, what is the Bitcoin
• 1:07:05
  jackpot contest? You guys are giving away some
• 1:07:08
  Satoshi's. You guys are giving away some
• 1:07:12
  Bitcoin hardware. So how do people enter?
• 1:07:16
  What can people win? What can people expect and all
• 1:07:20
  that good stuff? OK, this is our foray into
• 1:07:24
  rewards, and I knew that our foray into rewards could take
• 1:07:28
  two paths, one with points and one with sats, obviously, right?
• 1:07:31
  Those are the two obvious obvious ways.
• 1:07:35
  Funny enough in this instance because our margins are so low,
• 1:07:38
  we have so little profit at the end of a transaction.
• 1:07:42
  Sats just weren't maximum independence enabling.
• 1:07:46
  And So what we are going to be doing is we're building out a
• 1:07:49
  pretty robust point system, which of course you'll be able
• 1:07:52
  to redeem points for Sats. That's that's that's obviously
• 1:07:54
  going to be possible, but your your points will will go further
• 1:07:58
  if you're buying proper Bitcoin merch.
• 1:08:01
  And that's what we're looking to do.
• 1:08:02
  So we're starting with this contest.
• 1:08:04
  We're calling up the Bitcoin Jackpot contest.
• 1:08:06
  And effectively you redeem your points.
• 1:08:07
  So you earn points by signing up, you earn points by referring
• 1:08:10
  friends and by using the platform.
• 1:08:11
  Talk about incentives. We need people to help us by
• 1:08:14
  using the platform. We're going to basically give
• 1:08:16
  them points for using the platform.
• 1:08:18
  And then with those points, you redeem them for entries into the
• 1:08:22
  Bitcoin Jackpot contest. Every single time you enter a
• 1:08:26
  certain number of Sats, depending on the value of sats,
• 1:08:28
  that day gets entered into the jackpot.
• 1:08:31
  The jackpot right now, if I were to look is like it's it's over
• 1:08:34
  1.1 million Sats. And we're going to be running
• 1:08:36
  this until the having, we're going to do the draw on the
• 1:08:39
  having. And then basically we're going
• 1:08:40
  to draw two names, The first name we draw or the first well
• 1:08:44
  tag. The first username that comes
• 1:08:46
  out of the entries gets 21% of the pot and the next name gets
• 1:08:51
  the big prize, 69% of the pot. It's kind of modeled off like a
• 1:08:56
  5050, which are massive up here in Canada.
• 1:08:58
  And so you might be asking, well, what about the last 10%?
• 1:09:02
  Well, I'm glad you asked silent screen and and silent viewers
• 1:09:06
  because we're going to be giving 10% of that to a geyser project.
• 1:09:10
  Geyser is a is a GoFundMe for Bitcoin projects.
• 1:09:12
  We're partnering with Geyser and we're going to be, we're going
• 1:09:15
  to be looking at a handful of geyser projects, kind of picking
• 1:09:18
  our top three favorite. And then you, the viewers, the
• 1:09:22
  simply Bitcoin community and the Bitcoin well community and the
• 1:09:25
  Bitcoin community are going to pick how many or which projects
• 1:09:29
  are going to get that last 10% of this Bitcoin jackpot.
• 1:09:33
  So I'm I'm, I'm super stoked on it.
• 1:09:35
  It it hits all the all the parts for me.
• 1:09:37
  It's got some excitement it's got some contest.
• 1:09:39
  All you have to do like it's it's all very complex.
• 1:09:41
  All you have to do is sign up and then just go to rewards
• 1:09:43
  points and then just click redeem.
• 1:09:46
  It's stupid easy to be able to do it and basically two people
• 1:09:51
  are gonna walk away with a boatload of sats and we're gonna
• 1:09:53
  be able to as a community give a boatload of sats to a geyser
• 1:09:58
  project and continuing fulfilling this, this Bitcoin
• 1:10:03
  dream and this, this hyper Bitcoin as world.
• 1:10:04
  So I'm excited. It's been a long time in the in
• 1:10:08
  the brain and getting it to a spot where, you know, this
• 1:10:11
  Bitcoin jackpot contest is a reality is, yeah, it's pretty
• 1:10:14
  exciting. Oh yeah, OK, wait, Nico.
• 1:10:16
  Before you go though, guys, don't just think that we're
• 1:10:19
  doing one jackpot giveaway if you sign up between what you say
• 1:10:25
  now. And Friday.
• 1:10:27
  Next Friday? Next Friday?
• 1:10:29
  What can they win? Let's get them incentivized.
• 1:10:33
  Yeah. So like early adopter, let's go,
• 1:10:36
  we're looking to incentivize those that help us early because
• 1:10:39
  as you know the once we get over that hump, like every time you
• 1:10:42
  enter, every time somebody enters the the jackpot grows.
• 1:10:46
  And so how do we get the jackpot to grow off the start?
• 1:10:49
  Well if you enter between now and and and next Friday, one
• 1:10:52
  person that enters is going to win a passport, which we hear
• 1:10:55
  about every single day on simply Bitcoin.
• 1:10:57
  It's like the number one self custody tool is a solid hardware
• 1:11:02
  wallet. It just made sense.
• 1:11:04
  So if you've been hearing about passport, you know your stack
• 1:11:06
  doesn't merit it quite yet or or or funds are tight.
• 1:11:09
  You're just hell bent on stacking stats.
• 1:11:10
  That's good Bitcoin. Well, if you enter the contest,
• 1:11:13
  so literally you get entered for a draw to win up to 69% of the
• 1:11:17
  Bitcoin jackpot. And there's this like between
• 1:11:20
  now and next Friday, someone who enters is going to be taking a
• 1:11:24
  passport. So super excited to Yeah, this
• 1:11:27
  is Bitcoin focus, guys. This is like, this is Bitcoin,
• 1:11:30
  this is Bitcoin era. This is the Bitcoin era.
• 1:11:32
  Our, our kids, our grandkids are going to look at us and be like,
• 1:11:35
  wow, you grew up and had a part of building the Bitcoin
• 1:11:38
  community. And this is a very, very small
• 1:11:41
  piece of that. So I'm looking forward to seeing
• 1:11:43
  people enter and sign up. I think, like, already I've kind
• 1:11:47
  of been been checking there's there's been like, I think over
• 1:11:50
  100 sign ups. So there's there's sats entering
• 1:11:53
  the jackpot. I'm stoked.
• 1:11:55
  Enter and let's go. Oh.
• 1:11:58
  Yeah. Wait, wait, Nico.
• 1:11:59
  Sorry, I'm cutting you off one more time.
• 1:12:01
  Adam. Just to be clear here, the
• 1:12:04
  jackpot as of today is only 1.1 million Sats.
• 1:12:08
  But if it grows, you're going to get a percentage of the total
• 1:12:14
  jackpot here. If it's 10 million Sats, 21
• 1:12:17
  million Sats. Dude if we get this thing to 10
• 1:12:20
  million Sats this jackpot that would be amazing.
• 1:12:24
  I would love that's like that's 6.9 million Sats going to to to
• 1:12:31
  the winner that's like that's incredible.
• 1:12:33
  I would love to see especially like let's like simply let's go
• 1:12:36
  let's let's get this community driving enter the contest it's
• 1:12:39
  literally free to enter sign up and you get entries like or you
• 1:12:43
  get points which you can enter with refer your friends you get
• 1:12:45
  points and you can enter with. We are hyper hyper aligned on on
• 1:12:49
  what's good here. We want self custody, we want to
• 1:12:52
  enable independence and this contest is just our way of of
• 1:12:56
  trying to incentivize and get some get some sats into wallets
• 1:13:00
  baby. Hell yeah, let's fucking go.
• 1:13:02
  Yeah man. Guys, you know get paid to be a
• 1:13:05
  part of the revolution. It's important that that you
• 1:13:09
  know you push a self custody by default platform and that will
• 1:13:15
  incentivize the proper behavior that's gonna push forward this
• 1:13:19
  peaceful Bitcoin revolution. So guys, check out
• 1:13:21
  bitcoinwell.com. Wait.
• 1:13:22
  Wait, and he goes. I'm.
• 1:13:23
  I'm cutting it off one more time because someone asked someone.
• 1:13:26
  Sorry, sorry. Let's we got to clarify here.
• 1:13:28
  Someone asked how do I sign up? So again, one more time, Adam,
• 1:13:31
  how do they sign up? It's very easy.
• 1:13:32
  Go to bitcoinwell.com. In the top right hand corner
• 1:13:35
  there's a sign up button. Or you go to bitcoinwell.com/app
• 1:13:38
  and just start putting in your your your your e-mail and voila
• 1:13:42
  you're in there. Just so you guys know our record
• 1:13:46
  time for someone to sign up, it was 12 seconds.
• 1:13:49
  So they signed up confirmed their their e-mail address,
• 1:13:53
  confirmed their phone number and then and then they were they
• 1:13:56
  were in there 12 seconds. And so if you can do it faster,
• 1:13:59
  let's figure it outlook at the chat.
• 1:14:00
  I love this. It's stupid easy.
• 1:14:03
  That's so good. Looking forward to to doing it
• 1:14:07
  and then yeah. So as far as points go, I see
• 1:14:08
  some people in the chat asking about points every time.
• 1:14:11
  So if every $10 you spend you get 3 points on the platform.
• 1:14:15
  So if you buy $100 in Bitcoin, you're going to get 30 points.
• 1:14:18
  Basically every time you you refer someone you get 1000
• 1:14:22
  points after they make their first purchase.
• 1:14:25
  And then just for signing up, if you sign up, complete all the
• 1:14:28
  steps and you and you make your first purchase, by the time all
• 1:14:30
  those things are happening, your your account will have 1851
• 1:14:34
  thousand 850 points, which is like a ton of entries into the
• 1:14:37
  contest. So literally, you sign up, you
• 1:14:40
  buy 100 bucks in Bitcoin, you can enter the contest to win.
• 1:14:43
  Like like I said, like, look, can we get this jackpot to 10
• 1:14:46
  million Sats? That's pretty good bang for your
• 1:14:49
  buck, I think. Let's let's do it everyone.
• 1:14:50
  So we got a couple questions in the chat, JC says.
• 1:14:55
  Do you guys support people that live in Puerto Rico?
• 1:15:00
  I think so. I I think you I I actually have
• 1:15:03
  no idea but my default answer is yes and so JC I'd love for you
• 1:15:08
  to try. If you're in Puerto Rico can you
• 1:15:10
  try DM me on Twitter at Adam O'Brien under score and like I'm
• 1:15:13
  there and yeah, like unfortunately you know we're
• 1:15:16
  publicly traded. We're bound by the rules of of
• 1:15:20
  the rulers right now. But you'd better be sure that
• 1:15:24
  I'm going to find a way to get you some stats man.
• 1:15:26
  If if you can't, yeah that would suck.
• 1:15:29
  That would that would break my heart if you weren't.
• 1:15:31
  But it would also give me a bit of a bit of a lane to start
• 1:15:34
  focusing on and and you know we're working on expansion,
• 1:15:36
  we're we're building the blueprint right now for how do
• 1:15:39
  we go from Canada to other jurisdictions and we're doing
• 1:15:42
  Canada to the US first And and you know we're going to be,
• 1:15:46
  we're going to be going elsewhere and and right now
• 1:15:48
  we're just figuring out what the most efficient way is to go from
• 1:15:51
  Canada to another jurisdiction. And so when we're ready, we're
• 1:15:54
  going to find this blueprint and then continue building and
• 1:15:57
  continue building. Hell yeah, man.
• 1:15:59
  Absolutely bullish. And one one other thing also,
• 1:16:02
  Adam, 'cause you guys are taking a very unique approach, right?
• 1:16:06
  You guys just expanded to the US, Obviously you have, you
• 1:16:09
  know, you've been running the Canada platform for many, many
• 1:16:12
  years now. So guys, get If you guys have
• 1:16:16
  any feedback for Adam, send him Adm on Twitter.
• 1:16:20
  I warned, I warned him, but send him Adm on Twitter.
• 1:16:25
  You know, give him your feedback, your feedback on the
• 1:16:27
  platform, what you guys, you know, if you have any, you know,
• 1:16:30
  thoughts, ideas or whatever, just hit up Adam.
• 1:16:34
  You know, tell him his ideas and he wants to, he wants to make
• 1:16:38
  that part of the part of the process, right?
• 1:16:40
  Help him make it better. Give him feedback.
• 1:16:42
  And like, I'm seeing like, these are good questions.
• 1:16:45
  I'm seeing people asking like what about El Salvador?
• 1:16:47
  What about my Noster Key? This is hard hitting.
• 1:16:51
  Like this looks like a marketing scam to pump their daily active
• 1:16:53
  users for more VC. Dude, we're not VC funded.
• 1:16:56
  Like we're publicly traded. This was self funded by Adam and
• 1:17:00
  actually Adam's father-in-law before he was his father-in-law.
• 1:17:04
  He gave me a $30,000 loan. That's what I bought the first
• 1:17:08
  Bitcoin ATM with. And we've been growing from
• 1:17:11
  there. We took no VC money ever.
• 1:17:14
  We, we we we took money when we went public obviously and and we
• 1:17:18
  injected all of it into the business like this is not some
• 1:17:22
  kind of marketing scam. We got low, low, low, low time
• 1:17:25
  preference truly here to enable independence.
• 1:17:28
  This is mission driven and you can believe me or not, I
• 1:17:31
  suppose. But you look at some of the
• 1:17:34
  sacrifices that we make that I personally make to make this
• 1:17:37
  business a reality and to make these products a reality.
• 1:17:42
  Like I'm literally building for so that my great, great, great
• 1:17:45
  granddaughter can like think about me when she is sitting in
• 1:17:51
  her citadel because she's got generational wealth that has
• 1:17:56
  come in part thanks to the efforts of of Bitcoin well and
• 1:18:00
  of this community and of all of you guys for giving us tough
• 1:18:03
  feedback. So that's like, yeah, that got a
• 1:18:05
  bit ranty I suppose, but that's, yeah, this is like daily active
• 1:18:10
  users in in Q Q2 of 2024 not a priority, daily active users in
• 1:18:17
  like 20-30, that's the priority and that's what we're building
• 1:18:19
  for right now. Absolutely.
• 1:18:22
  Low time preference. Love that answer.
• 1:18:24
  Bootstrap. I I feel, I understand.
• 1:18:27
  I know the pain. But it's totally worth it and in
• 1:18:31
  my opinion and yeah man this is this is great stuff guys.
• 1:18:35
  Reach out to Adam. Adam, it's been an honor to have
• 1:18:38
  you back on Simply Bitcoin Live. Let's have you back on in a
• 1:18:42
  couple weeks and you know we could talk about you know any
• 1:18:45
  updates on the the Bitcoin contest and also you know update
• 1:18:49
  on on you know your experience expanding to the US Also Adam
• 1:18:54
  and I are going to go to Bitlock boom together.
• 1:18:56
  So it's going to be dope. I'm freaking excited about that
• 1:19:00
  simply is going to be doing the Bitcoin, the the Canadian
• 1:19:05
  Bitcoin conference. I think that's the name.
• 1:19:07
  So many Bitcoin conferences these days.
• 1:19:08
  So many names. But yeah, we're super excited
• 1:19:11
  for that. So yeah, this is just the
• 1:19:13
  beginning of something awesome and great.
• 1:19:16
  Self custody. By default.
• 1:19:17
  Self custody is the revolution and I'm so freaking excited.
• 1:19:21
  Anyways, Opti, any last words? No, I mean, I I think I should
• 1:19:25
  give Adam the last, the last words here.
• 1:19:28
  I always ask our guests a very similar question.
• 1:19:30
  What's the last two sets you want to leave with the audience?
• 1:19:32
  So I'm asking you this, what's the last message you want to
• 1:19:36
  leave with the audience? It could be about Bitcoin.
• 1:19:38
  Well, it could be about Bitcoin in general.
• 1:19:39
  It could be about life. Whatever you want to spread to
• 1:19:42
  the audience. We've we've talked about Bitcoin
• 1:19:45
  well enough. I think.
• 1:19:45
  I think people kind of understand where I'm coming from
• 1:19:47
  there. I would, I would emphasize and
• 1:19:52
  and hope that everyone don't think about tomorrow, but think
• 1:19:56
  about next year and just think about all the chaos that the
• 1:20:00
  world has. You know, think about your
• 1:20:02
  family, think about your your bloodline and and what you've
• 1:20:06
  got down the future. What do you want that to look
• 1:20:08
  like next year? And then just start working
• 1:20:11
  towards that today. Just hit it.
• 1:20:13
  Let's get some low time preference.
• 1:20:14
  Let's go. Hell yeah.
• 1:20:15
  This is how we're going to win, ladies and gentlemen.
• 1:20:18
  All right, everybody. If you guys enjoyed the show and
• 1:20:19
  you know what to do. Smash that like button.
• 1:20:21
  Consider subscribing. If you feel like we provided you
• 1:20:23
  value. But the number one thing you
• 1:20:24
  could do to help push this peaceful Bitcoin revolution.
• 1:20:27
  Share Bitcoin content. Share Bitcoin everything.
• 1:20:29
  Share Bitcoin products. Share Bitcoin music.
• 1:20:31
  We got to take over the culture. We got to do it.
• 1:20:33
  Heart. One heart and one heart and mind
• 1:20:35
  at a time. I don't know, it sounded better
• 1:20:37
  in my head. Anyways, love you all.
• 1:20:39
  We'll be back tomorrow for another episode of Simply
• 1:20:41
  Bitcoin Live. Peace out, everybody.
• 1:20:45
  Today's episode was brought to you by bitcoinwell.com, a
• 1:20:48
  Bitcoin only platform on a mission to enable financial
• 1:20:51
  independence.