Latest / Simply Bitcoin / Microstrategy JUST FORCED Microsoft to Adopt Bitcoin? | EP 1130

Transcript

Microstrategy JUST FORCED Microsoft to Adopt Bitcoin? | EP 1130 · Simply Bitcoin

• 0:00
  Yo, the Bitcoin billionaire just spoke to the board of the third
• 0:04
  largest company in the world urging them to adopt Bitcoin.
• 0:09
  He showed Microsoft 44 slides in 3 minutes and you have to stick
• 0:13
  around to the watch the whole video because there are a couple
• 0:17
  of Nuggets condensed in this video that exposes why this
• 0:20
  upcoming Bitcoin cycle that could potentially be happening
• 0:24
  in 2025 could be different. So let's check out the video.
• 0:28
  Here we go. Microsoft can't afford to miss
• 0:32
  the next technology wave, and Bitcoin is that wave.
• 0:36
  Bitcoin represents the greatest digital transformation of the
• 0:40
  21st century. That represents digital capital.
• 0:44
  The global wealth is distributed across assets that provide
• 0:48
  utility and others that preserve capital.
• 0:52
  But risk is destroying trillions of dollars of that capital every
• 0:56
  single year, and investors are turning to digital capital in
• 0:59
  the form of Bitcoin in order to avoid that risk.
• 1:03
  Digital capital is economically and technically superior to
• 1:07
  physical capital, and it represents a revolutionary
• 1:10
  advance in capital preservation. The asset class itself is
• 1:15
  growing from trillions to hundreds of trillions of
• 1:17
  dollars, and it is backed by digital power along with
• 1:23
  political and economic power. It makes sense for Microsoft to
• 1:27
  be powered by digital capital, Bitcoins, the best asset you can
• 1:32
  own. The numbers speak for
• 1:35
  themselves. It makes a lot more sense to buy
• 1:38
  Bitcoin than to buy your own stock back or to hold Bitcoin
• 1:42
  rather than holding bonds. If you're going to outperform,
• 1:46
  you're going to need Bitcoin, and those bonds are undermining
• 1:50
  your options market and your equity liquidity.
• 1:54
  Luckily, you have an alternative.
• 1:57
  Public support for Bitcoin is surging, as is political
• 2:01
  support, as is support for the US Bitcoin Strategic reserve, as
• 2:07
  is Wall Street support. And the president of the United
• 2:11
  States says. Never sell your Bitcoin.
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  That's why we're entering year one of the crypto renaissance,
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  and you have a choice to make. Cling to the past or embrace the
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  future. Divest billions of dollars and
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  slow your growth rate. Invest billions of dollars and
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  accelerate your growth rate. You've surrendered hundreds of
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  billions of dollars of capital over the past five years, and
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  If you want to escape that vicious cycle, you're going to
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  need an asset without counterparty risk.
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  What if you could buy $100 billion?
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  Company growing faster than Microsoft for one times revenue?
• 2:57
  What if you keep doing it every single year?
• 3:01
  It's time for Microsoft to evaluate its Bitcoin strategic
• 3:05
  options. We've created an open source
• 3:08
  model. You can plug in your own
• 3:10
  assumptions. You can convert your cash flows
• 3:16
  and your dividends and your buy backs and your debt into
• 3:21
  Bitcoin. If you do that, you'll add
• 3:24
  hundreds of dollars to the stock price, you can create trillions
• 3:28
  of dollars of enterprise value. You can strip away risk from
• 3:34
  your shareholders, and you can prosper on the Bitcoin standard.
• 3:41
  So do the right thing for the world and adopt Bitcoin.
• 3:48
  All right, everybody, we there, we had the Chad Taylor himself
• 3:53
  pitching to the Microsoft board and because you only have 3
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  minutes, you know, very concise, packed a lot of information in
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  there and basically saying to the Microsoft board, if you guys
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  don't buy Bitcoin, you're going to have fun staying poor.
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  I mean, that's the way that I interpreted it.
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  I think he did an excellent job with the time constraints that
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  he has and I think the the biggest like really convince her
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  is going to be number go up. I think as micro strategy
• 4:25
  continues to outperform, as the stock continues to go parabolic,
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  you know, I think a public companies are not going to have
• 4:35
  a choice but to but to at least take a look at Bitcoin.
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  And that doesn't necessarily mean that they have to go as
• 4:43
  balls deep as Michael Saylor. But again, you know, I think
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  Saylor said in the very beginning, if you have a, if you
• 4:52
  have a percentage of your treasury in cash or cash
• 4:56
  equivalents, that is that is losing purchasing power every
• 5:00
  single year. If you transfer even a
• 5:03
  percentage of that into Bitcoin, not only will it compensate for
• 5:07
  the loss of purchasing power that those, you know, that cash
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  or those cash equivalents are dealing with on a on a yearly
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  basis, but you can actually have potentially some gains, right?
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  And I think that's the argument that Michael Saylor is trying to
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  make. And I think he's putting his,
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  his money, whether money where his mouth is, because he just
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  announced this morning that MicroStrategy just bought 15,000
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  more Bitcoin. The current MicroStrategy stack
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  sits at 400,000 Bitcoin, which is insane.
• 5:42
  And Marathon Mara, I think they renamed to Mara just announced
• 5:47
  that they're following the MicroStrategy playbook.
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  And they just announced that they are raising, they're doing
• 5:55
  the whole convertible note thing and they're raising roughly
• 5:58
  $805,000,000 to acquire more Bitcoin using the MicroStrategy
• 6:05
  Sailor playbook. So absolutely crazy and but not
• 6:11
  surprising. Anyways, guys welcome Simply
• 6:13
  Bitcoin Live, the most watched daily Bitcoin live show on
• 6:16
  YouTube, Rumble and X. I'm your host Nico.
• 6:18
  I'm joined here by my Co host Optimus Fields and the CEO and
• 6:22
  founder of Start 9. I dropped a poll in the live
• 6:26
  chat today asking you guys how many of you guys are running a
• 6:30
  node? And those numbers are not good.
• 6:33
  We got to get those numbers up. So we're going to be talking
• 6:35
  about the start 9. We're going to be talking about
• 6:38
  Bitcoin nodes during the culture segment.
• 6:40
  But first, Opti, what are your thoughts on the Chad Sailor's
• 6:45
  pitch to Microsoft? Well, first of all, I found it
• 6:49
  hilarious just how many slides he smashed into that 3 minutes.
• 6:52
  It like it almost went by too fast where you can't really even
• 6:56
  decipher and breakdown every every slide in that
• 6:59
  presentation. But you love to see it.
• 7:01
  And I really think that that might be a good kind of message
• 7:05
  to send to your friends and family or people that look at
• 7:07
  you and think that you are, you know, there's special relative
• 7:10
  there that doesn't know what's going on in the world and you
• 7:12
  kind of send them this. And I think the main point there
• 7:14
  is kind of what Sailor said, like the numbers don't lie.
• 7:17
  We've been saying get constantly on the show.
• 7:19
  Bitcoin is the best performing asset.
• 7:21
  You know, Bitcoin is the best thing to be holding.
• 7:23
  And once you really see all the numbers jam packed against each
• 7:26
  other, it, it kind of becomes a no brainer.
• 7:29
  Obviously, it the message doesn't kind of get relayed as
• 7:33
  easily or as well from just like the stance of like, oh, my
• 7:37
  cousin, you know, my nephew or my brother's telling me to buy
• 7:40
  Bitcoin. I'm sure none of us have a
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  compact 3 minute Bitcoin TLDR like Sailor does.
• 7:47
  So it is interesting that he dropped that video.
• 7:50
  I, I wonder if it's going to make some rounds and more people
• 7:52
  are going to follow suit and who's actually listening and
• 7:55
  watching that video and what the fallout will be.
• 7:58
  Or rather, you know that the tailwinds will be of that, but
• 8:01
  you just love to see it. And I mean, I, I think the point
• 8:03
  remains the same. It's like if you aren't
• 8:05
  investing in Bitcoin at this point, are you really watching
• 8:07
  closely? Are you really seeing what's
• 8:09
  happening in the world? And everyone needs to have some
• 8:12
  Bitcoin, personal Bitcoin, coin, corporate treasury Bitcoin,
• 8:15
  etcetera, or else you are being left in the dust.
• 8:18
  As you said, you know, you can have fun staying poor.
• 8:20
  It's kind of hard to tell Microsoft to have fun staying
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  poor when they're, you know what, I think the third biggest
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  company in the world. So maybe they think they know
• 8:28
  better than a lot of Bitcoiners. But it is kind of trending
• 8:31
  towards our direction where it's becoming a mature asset.
• 8:35
  You know, it's becoming very clearly the best money to be
• 8:38
  holding. And now the signal is getting
• 8:40
  out there. And so it's no longer just, you
• 8:41
  know, a bunch of Bitcoiners peer-to-peer talk talking about
• 8:44
  it on Bitcoin Twitter, it's getting set to, you know, the
• 8:47
  highest levels of corporate, CE, OS, etcetera, executive suites.
• 8:51
  And now they have to very, very honestly think about Bitcoin.
• 8:56
  So you love to see it. And also, you know, I think I
• 8:58
  think Sailor kind of slowed down his, his speech there a little
• 9:01
  bit because usually he's more amped up than I am.
• 9:04
  So it is interesting to just hear him kind of say it slowly
• 9:06
  but surely. But I really like the punchline.
• 9:08
  You know, if you want to help the world, you need to save in
• 9:10
  Bitcoin. Does Microsoft really care about
• 9:13
  that? I don't know, but I love the
• 9:15
  messaging. Absolutely guys, help us break
• 9:18
  100 likes within the 1st 15 minutes of the show.
• 9:21
  We're at 86 live, 86 likes or 87 likes and almost 500 live
• 9:26
  viewers just on YouTube. So smash the like button.
• 9:29
  Consider subscribing if you feel like we provided you value.
• 9:32
  We're also joined today with a dear friend and also founder and
• 9:36
  CEO of Start Nine. Start 9 is the GOAT of sovereign
• 9:41
  computing. It's the node that I personally
• 9:43
  use myself because it is so bad ass.
• 9:46
  It is so seamless. I'm a convenience maxi guys,
• 9:49
  I'll be honest with you. And the two devices that they
• 9:53
  make, the server pure and server one are just plug and plays.
• 9:57
  You don't sacrifice any of the security, but you can just plug
• 10:01
  it in and bada boom, bada Bing. You have access to sovereign
• 10:04
  computing. So Matt, thank you so much for
• 10:06
  joining us today. How you doing bro?
• 10:08
  Doing great, happy to be on again, thanks for having me.
• 10:11
  So what are your thoughts on Chad Sailor potentially?
• 10:16
  Well, he was really forcing the hand of the third largest
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  computing software company computing company in the world.
• 10:24
  What are your thoughts on his three minute pitch?
• 10:28
  It was fine, I guess. It was very, very droll, right?
• 10:34
  Like Opti was saying that his tone was just like, like he was
• 10:39
  bored out of his mind giving that, giving that little speech
• 10:43
  and flying through the slides at a pace that nobody could
• 10:46
  possibly digest them in time. So, yeah, so it was a little bit
• 10:50
  odd, maybe an awkward kind of a presentation, but sure.
• 10:56
  I mean, it's sort of an inevitable trend.
• 10:59
  If Bitcoin was ever going to be what Bitcoin is meant to become,
• 11:03
  then it's inevitable that corporations and governments
• 11:07
  will want some. And so you know, he's out there
• 11:12
  pushing and evangelizing. It's definitely not what I or
• 11:16
  start 9 focuses on. We're sort of on a different
• 11:21
  perspective and angle of Bitcoin, but I'm not
• 11:24
  complaining. Unlike most companies and I
• 11:29
  would argue even MicroStrategy, I'm not really sure how they
• 11:32
  handle their their assets given that Bitcoin is offset by
• 11:36
  liabilities and all the rest. I don't know the details of it,
• 11:38
  but Start 9 only holds Bitcoin as a company.
• 11:43
  We we don't have like some exposure to Bitcoin or
• 11:47
  allocation to Bitcoin. We only do Bitcoin and we sell
• 11:51
  just enough of it to pay our next month's bills every month.
• 11:54
  So we are 100% on a Bitcoin standard.
• 11:57
  So for us, this is like very standard operating procedure.
• 12:02
  Some people think we're being very risky with that.
• 12:03
  And I'm like, come on, you know, maybe maybe if I feel like we're
• 12:08
  like super high in, in a, in a cycle or something, I'll, I'll
• 12:11
  sell a little more just to ensure a few more months of
• 12:15
  operation. But we we think Bitcoin is the
• 12:17
  thing to have and we have for a long time.
• 12:19
  Absolutely 100% if you and I highly recommend this guy's
• 12:25
  having Bitcoin on your treasury as a company is a freaking cheat
• 12:30
  code. If you know, you know.
• 12:33
  But what I interpreted what I got from that Matt is that you
• 12:39
  are not holding IO U's from Brian Armstrong and Coinbase.
• 12:43
  No, no thanks. We hold it securely in a multi
• 12:46
  signature distributed fashion as as good bitcoiners should.
• 12:51
  That's why I'm not sitting here overly concerned about, you
• 12:53
  know, saying that Start 9 holds Bitcoin.
• 12:56
  I do not have personal access to our treasury and stuff like
• 12:58
  that. It's very well secured and not
• 13:00
  by a third party. We do it ourselves and part of
• 13:03
  that is because we know what we're doing.
• 13:05
  We have that confidence and technical acumen to do it.
• 13:08
  Well. We're also not a regulated
• 13:10
  financial institution that is required to custody your digital
• 13:15
  assets with a with a qualified custodian and 3rd party.
• 13:18
  So we're able to do that effectively and legally.
• 13:22
  But yeah, I mean, it, it doesn't make sense to to sit on dollars
• 13:28
  in our world. You know, at start 9, we've made
• 13:30
  the determination like we're not a Bitcoin company.
• 13:32
  Start 9 is not like properly a Bitcoin company.
• 13:38
  We are a computer company that has a large philosophic and
• 13:44
  technical overlap with Bitcoin, right?
• 13:46
  The products that we make enable people to run Bitcoin nodes, run
• 13:53
  lightning nodes, and to do so in a maximally sovereign way.
• 13:56
  So we're not, even though we're not properly a Bitcoin company,
• 13:59
  we have as a team acknowledged that our company wouldn't exist
• 14:06
  if Bitcoin were to fail, at least at this point in time.
• 14:09
  There could be a point in the future where we are broad and
• 14:13
  diversified enough as a technology and computer company
• 14:17
  that Bitcoins failure might not result in our failure.
• 14:22
  But if we're being honest right now, you know, 90 plus percent
• 14:26
  of our customers, our customers because of Bitcoin and because
• 14:33
  of bitcoins continued success. And so that's another reason why
• 14:37
  we have no qualms withholding all of our balance sheet in
• 14:42
  Bitcoin is because if we didn't say like we held it in Fiat and
• 14:47
  Bitcoin failed, Bitcoin goes to 0, we're still going to die,
• 14:51
  right? It's like, so why not put our
• 14:54
  money where our company is, right?
• 14:55
  Our company is invested in Bitcoin ideologically,
• 14:58
  technically, practically. So why not put our money there
• 15:01
  too? It, it makes perfect sense for
• 15:02
  us. It does not make sense for every
• 15:04
  company to be as as as fully invested as we are.
• 15:08
  Yeah, makes no, makes perfect sense.
• 15:11
  And yeah, I mean, I would, I mean I, I I don't think if if,
• 15:16
  if I don't think there is another way to do it.
• 15:20
  But having, you know, I don't know if, I don't know if we
• 15:23
  personally could do 100%, but you know, the, the vast
• 15:28
  majority, I think that's of your treasury and Bitcoin.
• 15:31
  I, I think it's a cheat code. It really is.
• 15:34
  Has been for the last year. Like your, your runway just
• 15:39
  keeps getting longer. It's it's phenomenal.
• 15:41
  Tripled and we didn't have to raise money to do it.
• 15:43
  Yeah, you know, so you know, and then you can make payroll and
• 15:46
  then your treasury is exactly where it was.
• 15:49
  Well, and over over half of the people that get paid by start 9
• 15:53
  get paid in Bitcoin. Well, I don't even have to
• 15:56
  convert to Fiat for most of our payroll.
• 15:59
  Yeah. It it, it really is a cheat
• 16:00
  code. So let's see guys, we'll stay on
• 16:03
  top of it. We'll see if Microsoft bites.
• 16:07
  I there's definitely a polymarket.
• 16:10
  I haven't checked the polymarket odds for that, but I think it's
• 16:13
  just a matter of incentives, right?
• 16:15
  I think, you know, all these public companies, they're
• 16:18
  beholden to their shareholders. Eventually their shareholders
• 16:22
  are going to say WTF and they're going to ask, they're going to
• 16:26
  start asking questions. And eventually, you know,
• 16:29
  especially with all the public support on the on the government
• 16:34
  level, especially with the with the election of this pro kind of
• 16:38
  a Bitcoin administration, and then also the public support by
• 16:43
  legacy financial institutions like BlackRock.
• 16:46
  So we shall see. We'll stay tuned.
• 16:48
  But you know, shout out to Sailor, shout out to Sailor, and
• 16:51
  then shout out to Matt for you know, going 100% Bitcoin
• 16:55
  treasury. Anyways guys, before we start
• 16:58
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  height, 872,949 sats per dollar, 1050 market cap, 1.89 trillion
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  Bitcoin pricing gold 36.1 oz Bitcoin versus Gold market cap
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  10.3% percentage issued 94.24% decline from all time high -4.5%
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  realized monetary in inflation. All right, so I do want to cover
• 21:38
  a topic that is maybe a little bit spicy, but I, I, I think
• 21:46
  that, you know, I really do agree with the theory from the
• 21:50
  book The Sovereign individual, the book the, the book the
• 21:53
  Sovereign Individual, I highly recommend it.
• 21:55
  It essentially makes the case that human society is going to
• 21:59
  fundamentally change as we transition into the information
• 22:03
  age. And one of the cases that they
• 22:06
  make in this book is that the politics of today that we see
• 22:13
  and how much importance that they have in everyday life over
• 22:18
  time will start to become irrelevant.
• 22:22
  And actually asked ChatGPT to write me 3 sentences as to why
• 22:28
  that was going to be the case over a period of time, So it
• 22:32
  says, politics will become increasingly irrelevant as
• 22:35
  individuals gain the ability to operate in a borderless digital
• 22:39
  economy free from the coercive power of nation states.
• 22:43
  The rise of decentralized technologies, particularly those
• 22:47
  enabling secure transactions and self sovereignty will reduce the
• 22:51
  dependence on centralized governments to mediate economic
• 22:56
  and social relationships. In this new paradigm, the power
• 23:00
  of the individual will outpace the state's ability to enforce
• 23:05
  control, making traditional political systems obsolete.
• 23:10
  And I'm so glad we have Matt Hill of Start 9 because I heard
• 23:15
  a lot of sovereign talk in there.
• 23:17
  And I, I do like sovereign computing anyway.
• 23:20
  So why, why am I reading this? Well, yesterday I got a little
• 23:23
  bit upset. And the reason for that is,
• 23:27
  again, the hypocrisy from, I think, this archaic system of
• 23:32
  politics. And I do want to talk about
• 23:34
  this, right. So of course, here is the
• 23:37
  current president. He says no one is above the law.
• 23:40
  And here is his press secretary. I'm sorry, I don't know how to
• 23:46
  pronounce her name. And she she says some things as
• 23:50
  well. The president would not pardon
• 23:52
  or commute senses for his son Hunter.
• 23:55
  I just want to make sure that that is not going to change over
• 23:57
  the next six months. The president's saying it's
• 24:00
  still, it's still a no, it's still a no.
• 24:01
  It will always be a no. It's still a no.
• 24:03
  It will be a no. It is a no.
• 24:06
  And I don't have anything else to add.
• 24:08
  Will he pardon his son? No, the president would not
• 24:11
  pardon or commute. You heard it, you heard it, you
• 24:18
  know it was loud and clear. It was, you know, nothing.
• 24:22
  Not like no one is above the law.
• 24:26
  I'm not going to pardon my son. It's going to be impossible.
• 24:30
  You know, I can. I can never do that.
• 24:32
  Inflation is transitory. And then bada Bing, bada boom,
• 24:36
  President Biden pardons his son, Hunter Biden.
• 24:42
  OK, moving on to the next thing. And there's some also legacy
• 24:47
  media journalists of which we love.
• 24:49
  You guys know we're huge fans of The Washington Journal and The
• 24:52
  New York Times here at Simply Bitcoin.
• 24:55
  Here is John Harwood. People who insist Biden will
• 24:59
  pardon Hunter after specifically ruling it out are telling on
• 25:03
  themselves. They can't imagine someone
• 25:06
  acting on principle and keeping his word.
• 25:10
  He even got community noted, which I find absolutely
• 25:14
  hilarious. Now, of course, you know, no one
• 25:18
  is above the law except Hunter Biden.
• 25:20
  In all seriousness, I, I, this is what I got to say and this is
• 25:24
  what the book the sovereign individual is making the, the
• 25:27
  case of is that this is an archaic system.
• 25:31
  It it's kind of like it's kind of like central banking, Like we
• 25:34
  put we put so much trust on, you know, the central bank not to
• 25:39
  debase the currency, but they debase the currency, right.
• 25:43
  We put so much trust on, you know, these, these, these, these
• 25:47
  elites, the, the, your so-called betters and then, you know, when
• 25:53
  push comes to shove, you know, they no one is better than human
• 25:58
  nature and that this is the beauty of Bitcoin and this is
• 26:02
  the beauty of the information age that we're heading into,
• 26:06
  right? I love that that meme that
• 26:09
  Bitcoiners have where it's where it says don't tread on me.
• 26:13
  That's like the like the libertarian meme and the Bitcoin
• 26:16
  meme is can't tread on me. And instead of like, you know,
• 26:21
  having to trust someone, you now have the technology and the
• 26:28
  capability of being able to trust minimize, of not having to
• 26:34
  trust someone. Don't trust verify, right?
• 26:37
  It all kind of comes together and now here are my thoughts on
• 26:41
  this, specifically about what happened.
• 26:43
  Right. So mind you, I don't blame a
• 26:45
  father for doing whatever it takes to protect his son.
• 26:48
  I would do the same. The problem is the double
• 26:51
  standard between these so-called elites and everyone else.
• 26:55
  I'm tired of these people lecturing us on climate change,
• 26:58
  moral virtue and laws they don't follow themselves.
• 27:02
  It kind of reminds me of that time where that senator, or
• 27:07
  yeah, I was a senator from New Jersey, was lecturing us about
• 27:11
  how, you know, Naimbu Kelly was a threat and he was money
• 27:17
  laundering. And then he himself got
• 27:19
  discovered with bars of gold and wads of cash in the back of his
• 27:24
  Mercedes. And then it leads me to my final
• 27:28
  thought. And then I'll open it up to kind
• 27:30
  of discuss, to a discussion. One of the things that I'm most
• 27:33
  looking forward to is for Bitcoin to make politics
• 27:37
  irrelevant. We might not see in our
• 27:39
  lifetime, but man a, but a man can dream.
• 27:44
  So all that, you know, I, I, I got a little bit upset when I
• 27:48
  saw that yesterday because again, I, I don't think I would
• 27:52
  have cared like if, if I were president and my son were in
• 27:58
  that, that type of situation, I think I would do anything in my
• 28:02
  power to help my son. Like that's human nature.
• 28:06
  And I, I would say 99% of people fit into that category.
• 28:11
  The, the issue that I have is the, the hypocrisy and the issue
• 28:16
  that I have is the moral grandstanding.
• 28:18
  And the issue that I have is like, you know, hey, we're not
• 28:22
  going to do this. Under no circumstances.
• 28:24
  We're getting lectured by the legacy media guys and they're
• 28:27
  telling us, oh, you got to look within yourself if you think
• 28:31
  he's going to do that. And then Fast forward six months
• 28:34
  later, oh, yeah, pardon, I'm sorry.
• 28:36
  And then it reminds me of the whole inflation thing.
• 28:41
  There's going to be no inflation.
• 28:43
  Oh, it's transitory. Oh, there's inflation.
• 28:46
  Oh, I'm sorry, we got it wrong. And these are the same people
• 28:50
  lecturing us about taking Bitcoin into self custody about,
• 28:56
  you know, the justification for sanctioning open source
• 28:59
  software. I'm sorry man, I, I, I, I just,
• 29:03
  I, I don't, I don't that those are my thoughts.
• 29:07
  Anyways, Matt, what are your, what are your thoughts on all
• 29:11
  this bro? Matt, your your mic's muted.
• 29:17
  I mean, you just opened up a gigantic can of worms just
• 29:23
  criticizing the whole whole corrupt political system, man.
• 29:28
  What are my thoughts on this? OK, so here let you know what
• 29:31
  I'm going to tangentially comment on the whole thing
• 29:35
  broadly, there's a there's a really popular adage called
• 29:42
  absolute power corrupts absolutely, right?
• 29:43
  We're all taught this. This is like something we were
• 29:45
  really taught and it for some reason is is resonates everyone.
• 29:50
  Everyone knows this, everyone says it, and in my mind,
• 29:52
  everyone has it wrong. They are they, they do not
• 29:56
  understand what that phrase means.
• 29:59
  Absolute power corrupts absolutely.
• 30:01
  Most people think that that applies to people, individuals,
• 30:05
  so that if some person obtains enormous amounts of power,
• 30:09
  right, absolute power, that they will become a corrupt, evil
• 30:14
  person. And there is no proof of that.
• 30:21
  While that may be true for some people who have no integrity, or
• 30:26
  who are weak, or who got lucky with the power that they
• 30:30
  accumulated and don't know what to do with it, then absolutely
• 30:33
  they they could become corrupt, right?
• 30:35
  People who don't have a ton of power can become corrupt.
• 30:38
  Anyone can become corrupt, but the amount of power that an an
• 30:42
  individual person has does not guarantee that person's level of
• 30:47
  corruption. However, that phrase does apply
• 30:51
  absolutely 100% of the time to any institution, any
• 30:58
  transgenerational institution, right?
• 31:00
  Any institution that has human turnover.
• 31:03
  OK. So the more powerful an
• 31:06
  institution becomes, and an institution that achieves a
• 31:08
  degree of absolute power, as in the form of a government that
• 31:12
  has, you know, a monopoly on violence over a population, must
• 31:18
  corrupt. This is not a negative
• 31:20
  statement. It's not a positive statement.
• 31:22
  It is a fact of nature. It's like calling the sky blue,
• 31:25
  right? It's just a fact.
• 31:27
  And the reason for that is that when an institution, a system
• 31:32
  gains that level of power, it then functions as a magnet for
• 31:38
  people who are corrupt, right? People who already are corrupt
• 31:43
  or have or are prone to becoming corrupt, who have no integrity
• 31:47
  will be attracted to that institution.
• 31:50
  They will see it as an elevator to their ambitions.
• 31:56
  And so even if the institution begins and is originally
• 32:01
  populated by great people of high integrity, as the years go
• 32:07
  on and as the generations turn over, it will eventually become
• 32:10
  corrupt due to the very nature of the type of people that it
• 32:14
  attracts. And so I think all that you're
• 32:16
  really commenting on here, very broadly speaking, is that the US
• 32:22
  government and their cronies, these the crony capitalist
• 32:27
  economic system that we have today has become way too
• 32:32
  powerful, that there's too much power.
• 32:36
  And as a result, it has attracted the worst of the worst
• 32:39
  of these parasitic evil slugs. And they are doing exactly what
• 32:46
  they what they do. We should expect nothing less.
• 32:51
  The only way to prevent something like this from
• 32:54
  occurring is to prevent any system from obtaining too much
• 33:00
  power. In other words, avoid
• 33:02
  centralization at all costs. Decentralization is the the
• 33:08
  essential remedy for all the elements of abuse of power that
• 33:13
  this planet has ever seen is to prohibit institutions from
• 33:18
  garnering too much power, no matter how benevolent and
• 33:22
  wonderful the original person who wields that power is.
• 33:28
  You brought up El Salvador right where you have a circumstance
• 33:31
  right now in El Salvador where a seemingly and by all evidence
• 33:36
  wonderful, benevolent, awesome person is at the helm of a
• 33:41
  government that has seized near absolute power over the
• 33:45
  country's economic and military systems.
• 33:48
  Now, I'm not to say that it wasn't like that before, but it
• 33:50
  absolutely remains like that. And so by the in, in recognition
• 33:54
  of everything that I just said, people should be extremely wary
• 33:58
  and in fact concerned that the predecessor might not be so
• 34:01
  benevolent, right, but will still possess the same degree of
• 34:05
  power. And so in, in, in large part,
• 34:09
  it's still a mistake, right? It is never a good idea to endow
• 34:13
  an institution with monopolistic power, especially over violence.
• 34:19
  And so that is what excites me about Bitcoin.
• 34:22
  It's why I do what I do at start 9 in decent, you know, pushing
• 34:27
  the the boundaries of accessibility to decentralized
• 34:30
  self sovereign computing is because those are the checks on
• 34:34
  centralized power that are necessary.
• 34:38
  Without these, without pushing power to the edges of the
• 34:42
  network, without empowering individuals and families to be
• 34:46
  self-sufficient, there is no check against runaway
• 34:49
  centralized power. And the end game of runaway
• 34:52
  centralized power, of course, is massive and and sort of blanket
• 34:57
  oppression, which then leads to civil unrest and violence and
• 35:03
  eventually war. And in the days of, you know,
• 35:06
  weapons of mass destruction could be posed an existential
• 35:10
  threat to the entire species. So I think that decentralization
• 35:14
  with Bitcoin sort of as the as the the leader of the pack and
• 35:18
  then and then all of us in support is the remedy to
• 35:21
  everything that you just were bitching about. 100%, I
• 35:26
  completely agree because it is it's it's absolute power
• 35:30
  corrupts absolutely. We have a, we have an
• 35:33
  opportunity for change, but it's not the vote harder daddy.
• 35:38
  It's decentralization and most importantly, people using these
• 35:43
  tools at hand, right? People using taking Bitcoin into
• 35:46
  self custody. There's we ran a poll and we did
• 35:50
  this on purpose because I already kind of knew the answer.
• 35:53
  72% of you guys are not running your own note.
• 35:59
  So it's time to take back sovereignty on an individual
• 36:02
  level. And this is this is more than
• 36:04
  just taking Bitcoin into self custody.
• 36:07
  This is about running your own sovereign computer as well,
• 36:10
  which you can run your own Bitcoin node off of, right?
• 36:12
  So we're going to talk about all of that during the culture
• 36:14
  segment. But Opti, real quick, take what?
• 36:19
  Don't go too hard. We are on YouTube after all.
• 36:21
  Please. Yeah, yeah.
• 36:23
  This one's going to be tricky considering we are on YouTube
• 36:27
  and yeah, you already know. But is anyone really surprised
• 36:31
  at this point? I, you know, like people have
• 36:34
  been saying this for a long time throughout the year on Twitter
• 36:38
  and people were calling it fake news and the gaslighting was off
• 36:42
  the charts. I think at this point, you know,
• 36:45
  it's kind of just like the chef's kiss and cherry on top
• 36:48
  for I don't even know if I can say this and hopefully I don't
• 36:51
  nuke the YouTube, but the worst presidential administration in
• 36:55
  history. And that's your opinion in my
• 36:58
  opinion. And also in my opinion, very
• 37:01
  clearly the most corrupt presidential administration in
• 37:04
  my opinion, in my opinion. So with that being said, I think
• 37:10
  the silver lining of this that we've seen throughout the years,
• 37:13
  something we've kind of been talking about, Nikko likes to
• 37:15
  call it the disintermediation of information.
• 37:19
  And this is almost like a, a, a good thing, in my opinion, for
• 37:23
  people that are sitting on the fence that are really wondering
• 37:25
  what's going on. I think this could be one of
• 37:28
  those moments where people really stop to believe in the
• 37:31
  institutions and start to see that there is a fundamental
• 37:36
  problem going on. And the, you know, the Fiat
• 37:39
  system, the governments around the world are, you know, rotting
• 37:43
  from the inside and something needs to be fixed.
• 37:45
  And so if people are actively looking for the truth and
• 37:49
  hopefully they will eventually end up on our side and, you
• 37:52
  know, become big corners and start to take their own lives
• 37:55
  into their own hands. And then on the flip side, the,
• 37:58
  the real interesting thing is considering we always cover the
• 38:02
  corporate press and, you know, cognitive dissonance.
• 38:05
  And it's interesting that people will see this and they just
• 38:07
  double down and like completely ignore what's going on.
• 38:10
  And so you're seeing, I've, I've been saying this for a while.
• 38:12
  So you're seeing a very clear fork in the road right now where
• 38:15
  either you want to know the truth or you just kind of double
• 38:18
  down on your, you know, your total blindness of what's going
• 38:21
  on and you just kind of follow what the powers that be are
• 38:24
  saying. And so, hey, I'm not surprised.
• 38:27
  I'll leave it at that because you guys know me.
• 38:30
  I'll get our YouTube channel news.
• 38:32
  All right, everybody, let's get some news.
• 38:33
  We have lots to talk about. Stay tuned.
• 38:35
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  devices. All right, everybody, the news
• 40:57
  over the weekend, everyone, just everyone.
• 41:01
  I'm not even getting I'm not I'm not going to even go down that
• 41:05
  route. But anyways, you could see Opti
• 41:09
  a bit block boom. If you want to see Opti, you can
• 41:11
  see him a bit block boom. You can take a picture with him.
• 41:14
  All right, so I do want to talk about this.
• 41:17
  This is a truth. That truth post or whatever that
• 41:23
  that Donald Trump, president-elect came out with
• 41:26
  over the weekend said the idea that the BRICS countries are
• 41:29
  trying to move away from the dollar while we stand by and
• 41:32
  watch is over. We require a commitment from
• 41:36
  these countries that they will neither create a new BRICS
• 41:38
  currency nor back any currency to replace the mighty U.S.
• 41:42
  dollar or they will face 100% tariffs and should expect to say
• 41:47
  goodbye to selling into the wonderful U.S. economy.
• 41:50
  They can go find another sucker. There is no chance that the
• 41:55
  bricks will replace the US dollar in international trade
• 41:58
  and any country that tries should wave goodbye to America.
• 42:05
  Max Kaiser just replies. It doesn't when someone says how
• 42:09
  does this pair with the idea of creating a federal Bitcoin
• 42:12
  Reserve? That's a really good point right
• 42:15
  'cause it it I'm, you know, I come from the school of thought
• 42:20
  that central banking and Bitcoin is not compatible.
• 42:24
  Apparently Kaiser agrees and here is beauty on.
• 42:27
  Beauty on is the I believe Co founder founder of a Steco and
• 42:32
  he had this amazing post. He says if it were any other man
• 42:36
  and this is replying to Trump's truth post regarding the the
• 42:42
  tariffs and the BRICS nation seeking an alternative
• 42:48
  alternative international reserve currency.
• 42:50
  Anyways, if there were if there were any other man, I would
• 42:54
  doubt any person saying this could pull it pull it off.
• 42:58
  None of the leaders, even as a group, have the courage to
• 43:01
  challenge Trump. But there is a problem.
• 43:03
  The Federal Reserve dollar is fundamentally resolved flawed.
• 43:08
  It is not constitutional money. It is not sound money.
• 43:11
  It is being used to control and humiliate the countries that use
• 43:15
  it. And this threat makes the
• 43:17
  humiliation worse. The Federal Reserve dollar is
• 43:20
  not federal or American. It is a private money created by
• 43:24
  a private business. Everyone knows this.
• 43:26
  Now, opposing this is not anti American.
• 43:30
  Ron Paul will tell you that opposing the Federal Reserve
• 43:33
  dollar is in fact absolutely pure Americanism.
• 43:37
  The Federal Reserve dollar system is going to collapse.
• 43:41
  Previous presidents fought hard to abolish the private banking
• 43:44
  control over America's money. The The money creation under
• 43:49
  Barack Obama and other presidents cannot be undone
• 43:52
  without increasing interest rates.
• 43:53
  They're trapped. The fraudulent Federal Reserve
• 43:56
  Fiat dollar must. Go away.
• 43:59
  That's the only way out now unless Trump can lace it with
• 44:02
  his magical power. This is the first big challenge
• 44:06
  of BRICS. If they had even one brain cell
• 44:09
  between them, they would have settled on Bitcoin as their
• 44:11
  currency long ago. Then it would not only be the
• 44:15
  entire world against the Federal Reserve dollar, it would be
• 44:18
  BRICS. Even non BRICS country and
• 44:21
  American entrepreneurs against the Federal Reserve dollar.
• 44:24
  The Federal Reserve dollar is not American and it is not
• 44:27
  patriotic to support it. In fact, it is anti patriotic to
• 44:31
  support the Federal Reserve dollar.
• 44:33
  It is designed to cheat Americans and anyone who is on
• 44:37
  the side of Americans and who understands how money works
• 44:41
  cannot be for the Federal Reserve Dollar.
• 44:43
  Ask Ron Paul why if you don't know why BRICS should retaliate.
• 44:48
  Retaliate by declaring that they will settle on Bitcoin and an
• 44:52
  international coalition for sound money.
• 44:55
  If they were to do this and America refused to join it, they
• 44:59
  can keep their fraudulent quote sucker money while the world
• 45:02
  moves to sound money. What can America do in this
• 45:05
  scenario? They could put 100% tariffs on
• 45:08
  all goods coming from countries that refuse the Federal Reserve
• 45:11
  dollar. But this should be seen as
• 45:14
  trying as tying a string on a baby tooth.
• 45:18
  They want to get pulled. Trump will slam the door that
• 45:22
  will pull out the baby tooth. In time, their adult tooth will
• 45:25
  emerge and the fairy and the tooth fairy will leave them
• 45:28
  Bitcoin under their pillows. And believing in the tooth fairy
• 45:32
  is identical to believing that the Federal Reserve dollar is
• 45:35
  not a giant fraudulent scam that hurts Americans.
• 45:40
  If Americans have full unfettered access to accepting
• 45:44
  Bitcoin as money, their indominant spirit, and and Trump
• 45:49
  intrapreneurialism, entrepreneurialism, there we go.
• 45:53
  We'll keep them at #1 globally, what Trump is signalling here is
• 45:57
  that America can't win unless it is cheating.
• 46:00
  That's exactly what the Federal Reserve dollar is cheating.
• 46:04
  So I mean, he goes on to say what Trump should have done,
• 46:10
  which is I will end the Federal Reserve System and replace it
• 46:13
  with a America constitutional money.
• 46:16
  Under Ron Paul's direction, any country rejecting the new
• 46:19
  American dollar will face 100% tariffs.
• 46:22
  OK, now you're talking but the the but defending the defensible
• 46:26
  Federal Reserve. This is not tenable.
• 46:28
  Once again, if there were any other man, I would doubt any
• 46:32
  person saying this could pull it off Donald John Trump, however,
• 46:36
  is not just another man. He is an extraordinary man, a
• 46:39
  man of destiny with an appointment with destiny is an
• 46:41
  appointment he will keep, I'm sure.
• 46:43
  That being said, it is not possible that the entire world
• 46:47
  adopting Bitcoin can be resisted by any single nation.
• 46:50
  The question is whether or not leaders of these nation states
• 46:54
  are minded not to be slaves for the remainder of their lives.
• 46:58
  Bitcoin is the only means they have to escape Federal Reserve
• 47:03
  domination and it keeps going. You have to check out the entire
• 47:06
  post by Beauty on. I think he absolutely nails it.
• 47:10
  And a couple comments there. I think This is why they This is
• 47:14
  why they freaked out the way they did when El Salvador made
• 47:19
  Bitcoin legal tender. And I think the reason that they
• 47:23
  had this freak out is because El Salvador essentially figured out
• 47:28
  that they can circumvent not only the dollar, but the IMF and
• 47:34
  the World Bank. And I think that's what it boils
• 47:37
  down to. And I completely agree with
• 47:39
  Buteon. If the BRICS nations were
• 47:41
  actually serious, they would switch to a, they would switch
• 47:45
  to Bitcoin. The thing is, I don't think
• 47:47
  they'll do that is because I think all these countries want
• 47:50
  to maintain their privilege of being able to create money for
• 47:54
  free that everyone else has to work for, just as the United
• 47:57
  States. So this, this whole predicament
• 48:00
  is fascinating. The game theory about all this
• 48:03
  is fascinating. I don't know how this is going
• 48:06
  to end, but all I know is that if you stay humble, stack sats,
• 48:10
  and put those sats into self custody, I think you'll be fine.
• 48:12
  And you should definitely look into sovereign computing as
• 48:15
  well. Matt, what are your thoughts on
• 48:18
  beauty ONS post? Do you think he hits the nail on
• 48:22
  the head? What are your thoughts on
• 48:23
  bricks? What are your thoughts on Trump
• 48:25
  coming into office? So his post is a mixture of
• 48:32
  some, some facts about the nature of the Federal Reserve
• 48:39
  notes that we call the dollar with some opinion of his with
• 48:45
  regards to Trump and, and Trump's kind of role to play in,
• 48:50
  in the forthcoming era. And I, you know, I, I don't
• 49:05
  trust politicians, any of them. And when I use that word, I
• 49:11
  mean, I mean in the, in the sort of derogatory sense, right?
• 49:14
  There are certain people who are in the political sphere who I
• 49:19
  would not call politicians. I wish I could use that word
• 49:23
  positively. Like someone like Ron Paul, for
• 49:25
  instance, right, who I love and adore and is an American hero.
• 49:30
  I wouldn't like call him a politician.
• 49:32
  Now he is was, but only in the positive sense of that word.
• 49:37
  So when I say that word, I, I'm, I'm using it negatively, meaning
• 49:41
  the typical politician. And I think Trump is one of
• 49:45
  them. I, I see no reason to be
• 49:49
  praising or supporting or or having high hopes for the
• 49:56
  president-elect. You know, is he better than
• 50:00
  maybe a Kamala Harris and administration would have been
• 50:03
  probably at least for Bitcoin and maybe for a lot of other
• 50:06
  things. I personally was happy to see
• 50:10
  the result of that election. But I don't think that's the
• 50:16
  answer. I think that at best, a Trump
• 50:19
  presidency can delay the decline.
• 50:24
  I think a Trump presidency can delay the the implosion, the
• 50:29
  inevitable implosion. Do I think that he's, you know,
• 50:33
  squeaky clean and and and doing all the the right things for all
• 50:36
  the right reasons? Of course not.
• 50:39
  Man has a lifelong history of basically bankrupting every
• 50:42
  company he's ever been a part of.
• 50:45
  He is totally, you know, last time he was in the office, the
• 50:49
  drain, the swamp turned into elect the same people that have
• 50:52
  always been there and basically change nothing.
• 50:54
  Did he start any new wars? No.
• 50:57
  Did he implement any new horrendous laws?
• 50:59
  I don't know. Maybe, but probably not that I'm
• 51:01
  aware of. But again, it's, it's politics
• 51:03
  as usual. It's business as usual.
• 51:05
  Maybe just with a little bit nicer shine and maybe a little
• 51:10
  bit it does play into our longer term strategy a little bit
• 51:14
  because I feel like we're buying time here.
• 51:17
  But my essential view on the American Republic and on, you
• 51:25
  know, international geopolitics in general is, is that we are
• 51:29
  reaching the end of a historical era.
• 51:33
  My view is very much in line with the view of the sovereign
• 51:38
  individual, which you brought up earlier, mixed with a lot of my
• 51:41
  own reading and understanding. And I think that, you know, we
• 51:47
  are we are nearing the the dusk of of a multi millennia era or
• 51:53
  at least, you know, at least maybe not that long, but at
• 51:56
  least since the rise of the nation state in the last 500
• 52:00
  years. And So what is going to replace
• 52:05
  it is what I tend to be focused on.
• 52:07
  I do not think that you can resolve the problems that are
• 52:12
  inherent in the political system through the political apparatus.
• 52:16
  I tried that in 2012 with Ron Paul and it was a very hard
• 52:19
  lesson learned when I realized that you cannot destroy the
• 52:23
  beast by playing its game. You need to completely change
• 52:29
  the You need something that is wholly other, something that
• 52:32
  cannot be Co opted, something that cannot be sort of ingested
• 52:38
  and used by the enemy, and that is cryptography, decentralized
• 52:46
  computer systems with Bitcoin as the as the crowning jewel, of
• 52:49
  course, and and a new understanding and new
• 52:54
  appreciation for human rights. I'm very optimistic at where the
• 52:58
  world emerges from this dark corridor, but I am under
• 53:04
  absolutely no illusion that that it is going to happen overnight.
• 53:10
  I I think that we have decades, many decades left while the
• 53:16
  while the existing system convulses and dies a very loud
• 53:20
  and painful death and takes that's.
• 53:22
  A metaphor YouTube. Sorry, I'm just I'm just letting
• 53:27
  our letting our YouTube overlords know that was a
• 53:29
  metaphor. I understand.
• 53:32
  Yes, I I do speak metaphorically and allegorically as I am right
• 53:37
  now, and this is not something that I am directly trying to do.
• 53:43
  So my job is to observe the sinking Titanic and to build as
• 53:48
  many lifeboats and get people onto those lifeboats as quickly
• 53:51
  as possible. I think that is your fundamental
• 53:55
  goal as well, is to educate people on Bitcoin and why it's
• 53:59
  important and to help them to begin walking that path so that
• 54:05
  they can protect themselves, their families, and their
• 54:07
  futures. I do the same thing, not solely
• 54:12
  focused on Bitcoin, but trying to really make people
• 54:16
  independent digital beings in preparation for humanity's
• 54:20
  information age. And again, this is a much longer
• 54:24
  story than I think people in the Bitcoin community want to think
• 54:29
  or, you know, like to admit. It would be really nice if we
• 54:33
  could just go out there and just have like a a table wiping of
• 54:36
  the other team and just pounce them in the first quarter and
• 54:39
  win, you know, in a blowout. And this be over in 10 years.
• 54:43
  And we're all just living on Bitcoin island in our own
• 54:45
  citadels and all the rest. And while that may come true for
• 54:49
  certain individuals who choose to, you know, opt out and, and
• 54:54
  protect themselves and their families and sort of get out of
• 54:56
  the game, you know, move away and, and stop fighting.
• 55:00
  And that is perfectly understandable and is, to be
• 55:04
  honest, something that I will have to consider as I continue
• 55:07
  to have more and more kids. But but the war will go on for
• 55:11
  decades and it will be a long time before we see these these
• 55:16
  monolithic tyrannical institutions rotten and and
• 55:22
  eventually die on on under their own weight.
• 55:25
  Mind you, again, they don't need to be attacked.
• 55:27
  The the ship is sinking. It is taking on water.
• 55:30
  There is no stopping it. And so, you know, just to bring
• 55:35
  come full circle here, coming all the way back to the the
• 55:37
  Trump election and and forthcoming administration.
• 55:42
  Is it a breath of fresh air? You know, is it someone playing
• 55:46
  the violin while the ship kind of teeters like this for a few
• 55:49
  minutes? Probably.
• 55:51
  Ship is going down. Trump can't stop it.
• 55:53
  Nobody can stop it. And in fact, I I don't have a
• 55:56
  lot of confidence that Trump even wants to stop it.
• 55:58
  I think he probably just wants to get his before it goes down
• 56:01
  as well. And again, we're, we're
• 56:04
  witnessing this and like we're witnessing this from the
• 56:07
  perspective of we're on, we're on a life raft, right?
• 56:11
  We're on a life raft. I think that's, that's the, the
• 56:14
  thing that Bitcoin gives you is this life raft to kind of
• 56:20
  navigate through, you know, these very kind of tumultuous
• 56:23
  times in, in history where you're absolutely right, Matt,
• 56:26
  these, these institutions that have been around for, you know,
• 56:30
  hundreds of years are slowly you're, you're seeing the
• 56:34
  cracks. And this is what the book the
• 56:35
  sovereign individual was talking about.
• 56:37
  Like you're seeing the cracks in the political system.
• 56:40
  You're seeing the double standards, you're seeing the
• 56:43
  rules for thee, but not for me. And I think it really just
• 56:47
  started to accelerate in 2008, which coincidentally was when
• 56:51
  Bitcoin was born, right? And but we have a way to opt out
• 56:55
  now. We have a way to opt out of that
• 56:57
  system and and kind of find these these information Oas
• 57:02
  Oasis, like, for example, like the nostril protocol, What Elon
• 57:09
  has done for X has been incredible for free speech.
• 57:12
  What Bitcoin is doing for money is incredible because you switch
• 57:17
  to a Bitcoin standard and regardless of what's happening
• 57:20
  in, in political Andia, if you're saving in Bitcoin,
• 57:24
  everything is getting progressively cheaper for you,
• 57:27
  right? So you, you have life rafts and
• 57:30
  you don't have to depend on, you know, a, a, a God king to be
• 57:35
  elected to, to, to fix these problems, right?
• 57:40
  But I do agree. I, I, I, I am, I am optimistic
• 57:43
  with the incoming Trump administration.
• 57:45
  I think for the regulatory environment in the United
• 57:49
  States, I'm very happy about that.
• 57:52
  So there are some pros, but I think thinking that, you know, a
• 57:58
  single person is going to be able to stop decades and decades
• 58:03
  of incompetence and corruption, I think is a little bit naive.
• 58:07
  Think about it this way, right? If he could, then it means that
• 58:12
  someone can then undo it, right? It it means that the power to do
• 58:15
  that exists. And that is what I'm saying is
• 58:17
  the essential problem. It's that the fact that anyone
• 58:21
  can have that much power, that the system affords that to an
• 58:25
  individual or to a small group of people means that it has to
• 58:29
  get worse. The only way that somebody could
• 58:32
  have my full like support is if it was Ron Paul style, where he
• 58:36
  is legitimately like, I'm going to disempower myself.
• 58:42
  I'm going to disempower the government.
• 58:43
  Trump's not doing that right. These there's not going to be
• 58:46
  any laws that remove the power of the executive.
• 58:50
  I guarantee it. That's what I would want to see.
• 58:54
  To get real support from me is like, no, remove your own power.
• 58:57
  Then I'll start to trust you. 100% and and even if, and I'm
• 59:02
  really glad that you brought that up, Matt, because even if
• 59:06
  Elon gets his way with doge, it's just one administration.
• 59:11
  I'm not talking about the shit coin, everybody.
• 59:12
  I'm talking about the the department of government
• 59:16
  efficiency, whatever the altcoin to be nice and inclusive.
• 59:21
  But even if he gets his way, he's just one administration
• 59:25
  away from the opposite of doge being implemented, right?
• 59:31
  So it's just one election away. And I think that's what you're
• 59:35
  talking about, Matt, right? Like if Trump did have that
• 59:37
  power, then all it takes is 1 election for that other person
• 59:41
  to just reverse all of that. And I think it's the inevitable
• 59:45
  course because I think people will inherently vote the person
• 59:49
  in office that's going to give them quote, quote, UN quote free
• 59:53
  things, even though it's not free comes from the money
• 59:55
  printer. But anyways, we are at 2805 live
• 1:00:02
  viewers between YouTube and X and under 100 of you guys
• 1:00:05
  watching live on Rumble. You guys are enjoying the show
• 1:00:08
  so far. We're about to break 300 likes
• 1:00:11
  on YouTube. Smash that like button and stay
• 1:00:14
  tuned for the culture because we're going to talk about start
• 1:00:17
  9 sovereign computing. We have Matt Hill in the house
• 1:00:21
  guys. We'll be right back.
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  I do want to take advantage of the fact that we got the goat of
• 1:02:31
  sovereign computing in the house.
• 1:02:33
  Opti air horns, please. Matt Hale in the house joining
• 1:02:39
  us. Matt, how you doing?
• 1:02:40
  I just want to go through the results of the poll.
• 1:02:45
  I we asked everybody that we asked everybody an hour ago, 513
• 1:02:53
  people voted. I ask, do you run a Bitcoin
• 1:02:57
  node? 74% of you guys said no. 26% of
• 1:03:04
  you guys said yes. I'm going to end the poll right
• 1:03:07
  there, Matt. Why do you think people should
• 1:03:11
  run a node? OK, yeah, that's that's pretty
• 1:03:16
  bad. So I'll start off by saying that
• 1:03:18
  not everyone should run a node. Let's just be clear about that,
• 1:03:22
  that if you are holding your money on Coinbase and you know
• 1:03:29
  you're buying Bitcoin as a short term or medium term investment,
• 1:03:34
  or you're buying the ETF, for example, or, you know, even if
• 1:03:40
  you're just throwing some Bitcoin and cold storage and
• 1:03:42
  holding it, you know, deciding to look away for 1520 years, you
• 1:03:47
  don't need to run a node. None of those scenarios apply to
• 1:03:50
  you. A node implies participation in
• 1:03:54
  the Bitcoin network. It's not just about owning
• 1:03:57
  Bitcoin or speculating on Bitcoin or even holding it in in
• 1:04:03
  cold stores that that likewise does not require a node.
• 1:04:06
  A node is using Bitcoin, right? And not just using it in terms
• 1:04:10
  of like sending or receiving, but using it in terms of having
• 1:04:16
  a say in the network. OK, so running a node is the
• 1:04:19
  equivalent of being a citizen. If you want to be a citizen,
• 1:04:24
  that term doesn't really apply, but it's probably the closest
• 1:04:28
  term that we have, you know, analogous to the the prior
• 1:04:32
  world, a member, a node, a citizen.
• 1:04:35
  If you want to participate, if you want to have any say
• 1:04:37
  whatsoever in the Bitcoin network and in the consensus
• 1:04:43
  rules of the protocol, you need to run a node.
• 1:04:46
  So there are three benefits to somebody, to an individual for
• 1:04:50
  running a node. And these are not, you know, we
• 1:04:52
  get a lot of people who show up and they say I want to run a
• 1:04:56
  Bitcoin node because I want to, I want to help the network.
• 1:04:58
  I want to make the network stronger.
• 1:05:00
  And we don't preach that because that's really not true.
• 1:05:03
  When you when you run a Bitcoin node, you are not necessarily
• 1:05:06
  helping make the network stronger.
• 1:05:08
  You might be. It really depends on what you do
• 1:05:10
  with the node. So what we focus on instead are
• 1:05:14
  the provable benefits of running a Bitcoin node.
• 1:05:18
  And again, it's not for everybody.
• 1:05:19
  It is for some people. And for those of you who are
• 1:05:22
  interested in running a Bitcoin node, here is why you would want
• 1:05:24
  to do it. Number one is it guarantees your
• 1:05:28
  access to the network, to the Bitcoin network.
• 1:05:31
  If you run your own node, then it means that you can send and
• 1:05:35
  receive transactions through the Bitcoin network without having
• 1:05:40
  to depend on anyone or ask anyone for permission to do so.
• 1:05:45
  You you have unfettered, free, permissionless access to the
• 1:05:50
  Bitcoin network in order to send and receive transactions #2 is
• 1:05:54
  that you can independently verify the transactions that you
• 1:05:59
  receive. So if somebody sends you money,
• 1:06:02
  you can effectively check that money to see if it is
• 1:06:05
  counterfeit without asking anyone else.
• 1:06:09
  Your node is your truth Sayer. Your node is the thing that you
• 1:06:15
  turn to and say, hey, is that money real?
• 1:06:17
  And the node says, yes, it is real.
• 1:06:20
  Whereas if you are not using your own node, you are actually
• 1:06:23
  turning to whatever wallet provider you're using or to
• 1:06:27
  Coinbase or something else and saying, hey, is that money real?
• 1:06:32
  And they are telling you whether it is real or not.
• 1:06:34
  And they can lie, OK, whether it's a scam or some sort of a
• 1:06:40
  sting operation or whatever it happens to be, you are
• 1:06:43
  absolutely trusting another human being to tell you the
• 1:06:47
  truth or not when it comes to your own money.
• 1:06:50
  And so running your own node makes you 100% independent in
• 1:06:54
  that regard. And then the if you are running
• 1:07:00
  your own node, you get to vote on what the rules of the network
• 1:07:03
  are. So you run whichever node
• 1:07:06
  implementation you want. For instance, there's BTCD,
• 1:07:09
  there's Bitcoin D, there's Bitcoin knots, and each of these
• 1:07:12
  are slightly different flavors of the Bitcoin protocol.
• 1:07:16
  They are all adhering to the same consensus rules, but they
• 1:07:19
  do it in a slightly different ways.
• 1:07:21
  For instance, Bitcoin knots, which is something that is
• 1:07:24
  available for start OS and that you can run, has different mem
• 1:07:27
  pool policies where it will refuse to relay or acknowledge
• 1:07:33
  transactions that do not conform to what it defines as a as a
• 1:07:38
  proper transaction. Meaning a transaction of
• 1:07:41
  monetary sending and receiving money.
• 1:07:44
  Anything that contains excessive data or an ordinal for instance
• 1:07:48
  would be filtered from your mempool.
• 1:07:50
  Now while you might not single handedly change the way everyone
• 1:07:54
  uses Bitcoin, it does function as your vote.
• 1:07:58
  So while Bitcoin is a decentralized consensus network,
• 1:08:04
  by running a node you get to at least vocalize and enforce what
• 1:08:08
  you think Bitcoin should be. And so if you then convince a
• 1:08:12
  lot of other people to run that same fork or software or
• 1:08:18
  implementation, then you have now decided what Bitcoin is.
• 1:08:26
  It is your vote on the network. Now, like I said, not everyone
• 1:08:29
  wants to vote and not everyone needs to be independent.
• 1:08:34
  Some people are fine being dependents and trusting other
• 1:08:38
  people whether they're trustworthy or not, and some
• 1:08:40
  people are fine not voting and letting other people vote on
• 1:08:43
  their behalf. But more and more we are seeing
• 1:08:47
  people who want to vote, who want to be heard, who want to
• 1:08:50
  say what they think Bitcoin is, and who want to be independent
• 1:08:54
  humans who can transact without permission from trusted third
• 1:08:59
  parties. So that is why you run a node.
• 1:09:01
  Now, the more people that do that, the more people that run
• 1:09:06
  nodes, the healthier the network is, the more decentralized the
• 1:09:10
  network is, the more resilient the network is.
• 1:09:12
  So if you are running a node and if you are using that node to
• 1:09:16
  cast your vote and to send and receive transactions, then yes,
• 1:09:19
  you are 100% helping the Bitcoin network be more decentralized
• 1:09:24
  and resilient. But if you are running a Bitcoin
• 1:09:28
  node in the sense that you plug it in, click start, put it on
• 1:09:31
  the shelf, and then you never use it and you never pay
• 1:09:34
  attention to it, then you are not in any way helping the
• 1:09:38
  Bitcoin network. You're Larping.
• 1:09:41
  And so that's it. That's that's why you'd want to
• 1:09:43
  learn a Bitcoin node. It's for it's for the people who
• 1:09:47
  who want to be activists, who and who want to be independent.
• 1:09:50
  And one that I love that you guys do, Matt and someone asked
• 1:09:55
  us in the chat and do you want to highlight this?
• 1:09:59
  There we go. Could you ask Matt if they have
• 1:10:04
  any partners in the EU? Yes, I'm going to get to that in
• 1:10:07
  a second. So yes, if you guys go to
• 1:10:11
  store.start9.com right now, you do have a Black Friday sale, is
• 1:10:16
  that correct, Matt? Yep, still going on.
• 1:10:19
  Still going. On you will get a nice discount
• 1:10:23
  off the server PO. We're going to talk about that
• 1:10:25
  in a second, but you're based out of Europe.
• 1:10:28
  You can use these third parties to purchase their servers, the
• 1:10:35
  start 9 servers locally. So again guys, head over to
• 1:10:39
  start 9.com definitely want to take advantage of the Black
• 1:10:43
  Friday 21% off server pure sale. And again, I'm assuming that
• 1:10:48
  goes on till tomorrow. But guys, so Matt just gave this
• 1:10:52
  beautiful explanation as to why you should run a node depending
• 1:10:56
  on your situation. And one of the awesome things
• 1:11:01
  that I love about Matt's products about what Start 9 does
• 1:11:06
  is the, it's, it's a plug and play solution.
• 1:11:10
  So you guys have focused on this amazing operating system for
• 1:11:16
  servers and you guys make it so easy that I, I can even use it.
• 1:11:21
  I'm totally 100% media focused. My, my, my specialty is media.
• 1:11:27
  My specialty is engagement. My, my specialty is how to make
• 1:11:31
  things go viral. That's what I specialize in,
• 1:11:34
  right? It's not that I don't, I, I
• 1:11:36
  don't, I just don't have the time, right?
• 1:11:39
  I don't have the time. And I remember having this
• 1:11:41
  conversation on the floor of Bitcoin 2022 and I was like,
• 1:11:45
  Matt, listen, I'm like travelling and I want to connect
• 1:11:50
  my Electrum wallet because I'm so an Electrum junkie.
• 1:11:53
  I haven't switched. I do have Sparrow, but I liked
• 1:11:55
  Electrum and I want to connect to my Electrum wallet remotely,
• 1:12:00
  you know, And then like everything that I've seen
• 1:12:02
  before, it was like a 15 minute video on YouTube that was like
• 1:12:06
  highly complex. It was like difficult for me to
• 1:12:08
  like, you know, like if I would have spent a couple hours, I
• 1:12:12
  think I would have figured it out.
• 1:12:13
  But I was like, dude, I don't have time for that.
• 1:12:15
  And then here comes along, you know, the, the server pier, I
• 1:12:20
  bought the 1st edition, I got the, the Madex box and
• 1:12:24
  everything. I think I bought one of the 1st
• 1:12:26
  100 and I, and I have not stopped using it since.
• 1:12:31
  And essentially, not only does it make setting up a Bitcoin
• 1:12:36
  node easy to do, you benefit from all the security.
• 1:12:41
  It's completely open source the device.
• 1:12:44
  Matt, I'm going to ask you some questions about the server Pier
• 1:12:46
  because you guys went above and beyond to make sure that the
• 1:12:49
  device doesn't have any kind of back doors or any type of
• 1:12:53
  programs on there that there shouldn't be.
• 1:12:55
  You guys put in the extra effort, but you guys could
• 1:12:59
  purchase this device. You can plug it in, put an
• 1:13:03
  Ethernet cable. I believe you can connect
• 1:13:04
  through Wi-Fi as well. And boom, you you start running
• 1:13:08
  your own Bitcoin node. But this isn't just a node.
• 1:13:11
  This is a server. So it has a bunch of other apps
• 1:13:14
  on there as well. Has the Electrum server, has a
• 1:13:18
  file, a cloud server file app, which is really cool, has a
• 1:13:23
  nostril relay, has a bunch of things that are really awesome
• 1:13:27
  and interesting. And the way that I've been kind
• 1:13:30
  of comprehending this and going down this sovereign computing
• 1:13:34
  rabbit hole, if you may, is the vast majority of, if you're
• 1:13:39
  using Google Cloud, what you're really doing is you're
• 1:13:42
  connecting to Google's computers.
• 1:13:44
  How badass would it be if instead of connecting to
• 1:13:49
  Google's computers, you connect to your own computer at home
• 1:13:55
  that has your files, it has your pictures like Matt was telling
• 1:14:01
  me about like, you know, you guys know the Blink camera from
• 1:14:03
  Amazon, like or you know, those like the doorbell cameras or
• 1:14:08
  whatever. And those all connect through
• 1:14:10
  the cloud. And what happens when you
• 1:14:12
  connect to the cloud is that you're trusting back this back
• 1:14:15
  to this idea of trust. You're trusting someone else's
• 1:14:19
  computer, which is very bad, especially it's a lot of trust
• 1:14:22
  that you're putting that person. They don't really have a great
• 1:14:25
  track record of giving them that much trust.
• 1:14:29
  What happened if we live in a world where you didn't have to
• 1:14:32
  trust someone else's computer, all you had to do is trust your
• 1:14:36
  own computer. And one of the awesome things
• 1:14:38
  too that Start 9 has is it has this like peer-to-peer
• 1:14:43
  messaging. So even Signal, which is dope.
• 1:14:47
  I like Signal, right? But you still have to trust
• 1:14:49
  them. And essentially the way it works
• 1:14:51
  is you send a message, Let's say I send a message to Matt.
• 1:14:54
  I'm like, yo, Matt, here's my private key.
• 1:14:56
  Blah. Matt's like, why did you do
• 1:14:59
  that, Nico? That's a bad idea.
• 1:15:00
  But I'm just, I'm just, I'm just talking about it for the sake of
• 1:15:03
  the video. I'm like, yo, Matt, here's a
• 1:15:07
  message. It still goes for me to signal
• 1:15:11
  to Matt, right? And you have to trust that
• 1:15:14
  signals, you know, doing good things.
• 1:15:17
  The awesome part about that these computers is essentially,
• 1:15:21
  imagine me sending a message to Matt.
• 1:15:24
  I don't have to send it to the signal server signal computer
• 1:15:28
  anymore. I could send it from my start 9,
• 1:15:31
  my server Pier directly to Matt's server Pier compute,
• 1:15:36
  completely removing that middleman.
• 1:15:39
  And I really believe that computing is going in this
• 1:15:42
  direction. I think we're in the infancy of
• 1:15:44
  it, but the really the realization like the aha moment
• 1:15:49
  that I had was not only playing with all the apps that you guys
• 1:15:53
  have on the server, Pier App Store or I don't know if that's
• 1:15:57
  the correct term. I'm sorry, Matt, don't hate me,
• 1:16:00
  but the marketplace, the app marketplace that you guys have
• 1:16:05
  and I'm seeing all these apps that currently exist, but
• 1:16:10
  they're in the form of of cloud like you are trusting someone
• 1:16:15
  else's computer. So it's about self hosting your
• 1:16:19
  own pictures, self hosting your own backup.
• 1:16:22
  And what's really cool is that you can access those backups
• 1:16:26
  anywhere around the world through Tor.
• 1:16:29
  And I know that you guys have been working on clear net
• 1:16:33
  accessibility as well. So it's really, really
• 1:16:37
  interesting. The start 9 servers are just not
• 1:16:42
  a Bitcoin node. That's the that's the Trojan
• 1:16:45
  horse the way that I see it. And I highly recommend it if
• 1:16:48
  you're if you want to run a Bitcoin node and I highly
• 1:16:50
  suggest you get it. You, you, you, you, you get on
• 1:16:54
  that. But they also open the door to
• 1:16:57
  all this other capabilities that are just beginning, and they're
• 1:17:02
  super freaking cool. And this is all about kind of
• 1:17:06
  the general theme of today's show of taking back your
• 1:17:11
  sovereignty, right? Stop trusting else.
• 1:17:15
  Stop trusting someone else's money.
• 1:17:17
  Start doing your own research. Stop outsourcing, you know your
• 1:17:22
  information. Stop outsourcing your computing.
• 1:17:26
  And this is all what sovereign computing is all about.
• 1:17:28
  This is what the Start 9 is all about, Matt.
• 1:17:32
  I'm sorry if I butchered it, but that's been my personal
• 1:17:35
  experience with the Start 9 and with interacting with you over
• 1:17:40
  these last couple of years. And it's been so cool to kind of
• 1:17:44
  witness how this thing is being built out.
• 1:17:47
  And I just see this 5-10 years into the future and I see a
• 1:17:51
  world where so at least a significant percent of the
• 1:17:56
  population are running these bad boys at home and they're talking
• 1:18:00
  directly to each other versus going through, you know, these
• 1:18:04
  these giant server farms. That was that was pretty good
• 1:18:09
  for, you know, and it's not something you do as your job.
• 1:18:15
  So I, I have a lot of practice doing the, the high level kind
• 1:18:19
  of pitch. That was great.
• 1:18:20
  Thank you. You know, it's, it's, it's
• 1:18:23
  really a lot to take in, mostly because people have no idea how
• 1:18:29
  computers work. You know, computers are very
• 1:18:33
  magic for most people, and that's because they're so new.
• 1:18:38
  You know, I, when I was a young kid, there was no Internet.
• 1:18:43
  It's like, and I'm not that old. So this is very, very new.
• 1:18:49
  In fact, personal computers were only really coming into
• 1:18:54
  existence around when I was born.
• 1:18:56
  I mean, I was 85, but personal computers weren't really a thing
• 1:19:00
  until the late 70s, early 80s. I mean, yeah, they were kind of
• 1:19:03
  around, but not not wide adoption until until, you know,
• 1:19:07
  the early 80s when when like the Apple two and and Windows came
• 1:19:11
  out. So computers as we understand
• 1:19:16
  that word today is like this brand new thing in human
• 1:19:20
  history, and it is way ahead. The technology of computers are
• 1:19:26
  way ahead of our understanding of computers, not only for the
• 1:19:30
  layman, but even from a kind of philosophic perspective, like
• 1:19:35
  what role do computers play in, in, in society and to a human
• 1:19:41
  life? These are questions that still
• 1:19:43
  have not been answered or understood and probably won't be
• 1:19:47
  for a while. And there's a lot of people that
• 1:19:50
  take for granted the existence of the computers and, and
• 1:19:53
  they're functioning and kind of think it's how it's going to be
• 1:19:58
  that, you know, computing has reached its final form.
• 1:20:03
  And all that's left to change are, is the nature of the
• 1:20:06
  devices. So now we're going to have
• 1:20:07
  glasses and goggles and eventually just like holographs
• 1:20:11
  that we interact with. But that the underlying nature
• 1:20:14
  of computing itself, namely the flow of information and the
• 1:20:17
  security models are hardened and, and stable.
• 1:20:20
  And they're not, they're not at all.
• 1:20:23
  Since the beginning of computing and that, you know, personal
• 1:20:26
  computing in the 70s, there's been a couple of revolutions,
• 1:20:29
  right? So the initial one was that what
• 1:20:31
  we call the personal computing revolution, which was, you know,
• 1:20:34
  now everyone can have a computer at home and it is siloed and
• 1:20:39
  isolated. It's a local computing device.
• 1:20:41
  It's not connected on a network. It just kind of enables you to
• 1:20:46
  have a more more powerful brain for computation and to do like
• 1:20:51
  word processing and spreadsheets and stuff like that.
• 1:20:54
  And, and then we had the the Internet revolution, which is
• 1:20:57
  where now these computers could talk to each other on a mostly
• 1:21:02
  decentralized network. And this was amazing because now
• 1:21:08
  you weren't siloed in your home with this computer is that your
• 1:21:10
  computer could talk to other computers.
• 1:21:12
  And so it connected the world in a way that it never had been
• 1:21:16
  before. It was a massive revolution and
• 1:21:18
  it revolutionized almost every industry.
• 1:21:21
  We can't state strongly enough how impactful the Internet was
• 1:21:25
  to the nature of society and economies on earth.
• 1:21:30
  And then you had this another revolution, which was the cloud
• 1:21:34
  computing revolution, which essentially meant that a few
• 1:21:39
  very, very powerful, very well resourced companies decided that
• 1:21:45
  they were going to run the computer for everyone.
• 1:21:47
  That they were going to run a giant computer sort of in the
• 1:21:50
  middle, and that everyone was going to, instead of connecting
• 1:21:54
  to each other at the edges of the network, that everyone was
• 1:21:57
  going to connect through their computer to each other.
• 1:22:01
  All right, Essentially we introduced giant middle men into
• 1:22:05
  the computing architecture. And this wasn't some evil plot,
• 1:22:10
  though there may have been some malintent from the beginning,
• 1:22:13
  but it wasn't some evil plot to kind of like control computing.
• 1:22:16
  It came about very naturally because running these computers
• 1:22:21
  and keeping them connected on a network healthily, you know, bug
• 1:22:26
  free was difficult. It's sort of like maintenance in
• 1:22:31
  your own car, right? Getting under the hood of your
• 1:22:33
  own car. It was infeasible for a lot of
• 1:22:36
  people, especially since the technology was so new.
• 1:22:38
  Nobody had learned it in school. And so these large central
• 1:22:42
  institutions like Apple, Google, Amazon, Microsoft, they said,
• 1:22:47
  OK, you guys don't have to learn anything.
• 1:22:49
  We will do it for you, right? We will take care of you.
• 1:22:52
  Don't worry children of the world, we will run the computers
• 1:22:56
  for you and we will just give you all remote controls.
• 1:22:59
  And we'll make those remote controls like really sexy and
• 1:23:02
  easy to use with nice big buttons.
• 1:23:05
  And every button that you push will actually just be sending a
• 1:23:07
  signal to our computer that'll do all the processing, all the
• 1:23:10
  data storage, and all the networking so that you don't
• 1:23:13
  have to do it. And this took, this took hard
• 1:23:16
  because people love a convenient world and they gave it away for
• 1:23:20
  free basically as mostly as a snare.
• 1:23:23
  OK, we're starting to see that now.
• 1:23:26
  But this is the computing model that dominates planet Earth
• 1:23:28
  right now is what we call cloud computing.
• 1:23:31
  And it basically means that everyone is holding remote
• 1:23:34
  controls. Your laptop, your cell phone,
• 1:23:36
  your tablet, your car, all these things are just remote controls
• 1:23:39
  that are remotely operating, giant server farms that are
• 1:23:43
  owned, operated and controlled by an increasingly small number
• 1:23:48
  of very, very powerful corporations.
• 1:23:52
  And a lot of people take for granted that this is the nature
• 1:23:54
  of computing, that this is how humans are going to compute.
• 1:23:57
  Our stance is that this is fundamentally flawed, that the
• 1:24:02
  nature of this is not only economically inefficient because
• 1:24:06
  it fundamentally involves middle men who have to take a cut.
• 1:24:10
  So it's going to always be more expensive than another model,
• 1:24:14
  but it's also insecure. It also must, must result in
• 1:24:20
  abuse of power. Because when you give, as we
• 1:24:23
  talked about earlier, an institution, enormous amounts of
• 1:24:26
  control, enormous amounts of power, even if it is not evil at
• 1:24:30
  first, after there's a few turnover of humans who are in
• 1:24:34
  charge of it, it will eventually attract the worst of the worst.
• 1:24:37
  And they will use that position to extort, to spy, to control,
• 1:24:45
  and ultimately you'll, you end up with the merger of these
• 1:24:48
  giant corporations and governments and you end up with
• 1:24:50
  tyranny. And we're already seeing this,
• 1:24:52
  OK, this is not some, some pie in the sky idea or futuristic
• 1:24:56
  scenario or conspiracy theory. This is how it works.
• 1:24:59
  And, and we're seeing it play out in real time.
• 1:25:02
  And so our stance from a very high level philosophic stance is
• 1:25:06
  that cloud computing must die. It, it, it is a horrible idea.
• 1:25:10
  It's it's a terrible, terrible idea that came about through
• 1:25:14
  naivete and expediency and convenience and that it will
• 1:25:21
  live a very short life. This is not going to be a multi
• 1:25:24
  multi decade battle. As I stated before, for the
• 1:25:26
  battle of money and for decentralization in general, the
• 1:25:29
  battle over cloud computing is going to be short lived because
• 1:25:32
  it's that bad. It's a disaster.
• 1:25:35
  OK, it's only been in existence for about 15 years.
• 1:25:40
  That's nothing, nothing, right? A child born to 15, there's
• 1:25:44
  still a child. Cloud computing is a child and
• 1:25:48
  it is a ruthless, horrible child and it it cannot be allowed to
• 1:25:54
  continue to adulthood. I hated that analogy because
• 1:25:57
  children are wonderful. It's a bad we're.
• 1:25:59
  Not talking about we. Created.
• 1:26:01
  It's an evil demon. We're not talking about
• 1:26:03
  children. This is analogies.
• 1:26:06
  Your YouTube Matt. Matt.
• 1:26:08
  Not a real child. Is we're talking about
• 1:26:11
  analogies? It's a disaster.
• 1:26:15
  It was a horrible idea, OK, And a lot of people made a lot of
• 1:26:20
  money off of this idea. And you know what?
• 1:26:22
  We benefited to a degree too, because it taught us what is
• 1:26:25
  possible. It was a glimpse of the
• 1:26:27
  connected nature of the world. Cloud computing is a wonderful
• 1:26:31
  convenience. I'm able to take a picture on my
• 1:26:34
  phone and look at it on my computer.
• 1:26:35
  Oh my God, that's amazing, right?
• 1:26:38
  The problem is that it is based on extremely powerful
• 1:26:43
  intermediaries. That's the problem.
• 1:26:46
  And So what we have done is identified the primary reason
• 1:26:52
  why these things came into existence in the 1st place is
• 1:26:56
  also the primary means by which we can get rid of them, which is
• 1:27:01
  to empower the individual to run these servers themselves, right?
• 1:27:06
  These giant server farms came into existence because nobody
• 1:27:10
  could do it. It required too many skills, too
• 1:27:12
  much esoteric knowledge. And so we just outsourced it to
• 1:27:17
  Apple, Google, Microsoft, Amazon, Oracle, and all the
• 1:27:20
  rest. And so now to undo that, what we
• 1:27:24
  have to do is make it easy for people to run their own servers.
• 1:27:28
  And what I love about this is that it's not a network effect
• 1:27:31
  problem. Not everyone needs to do this in
• 1:27:35
  order for it to work for you. Even if nobody else in the world
• 1:27:39
  is running their own server. If you are, you can just stop
• 1:27:44
  using Apple, Google, Microsoft, Amazon for all your computing
• 1:27:47
  needs and instead start using your own server that's running
• 1:27:51
  in your own home or in a secure location.
• 1:27:54
  We have there's a lot of nuanced questions about how to do this
• 1:27:57
  properly, just like there is around Bitcoin and self custody.
• 1:28:02
  And we have those answers, as do others in the community is you
• 1:28:06
  run your own server and you are immediately garnering the
• 1:28:08
  benefits of that, right? You are no longer being spied on
• 1:28:12
  by these giant tech companies. You are no longer being shown
• 1:28:15
  advertisements. You're no longer your data is no
• 1:28:17
  longer being stolen and sold to everyone around the world.
• 1:28:23
  There's no more terms and conditions to agree to.
• 1:28:25
  There's no more monthly fees. When that server gets hacked,
• 1:28:29
  which it eventually will, your data won't be on it and it won't
• 1:28:32
  leak into the hands of hackers and scammers.
• 1:28:35
  And so there's all these benefits to running your own
• 1:28:38
  server even if nobody else is, and that's why it's going to
• 1:28:42
  work is because it doesn't require everyone to agree on
• 1:28:45
  this. Some people can listen to what
• 1:28:46
  I'm saying and just feel like, what the fuck is he talking
• 1:28:48
  about? Google works great.
• 1:28:50
  Screw you, keep using Google, no big deal.
• 1:28:52
  But there's somebody who's listening that's going to go,
• 1:28:54
  oh, I probably should take control over my entire computing
• 1:28:58
  life so that photos of my children and private financial
• 1:29:02
  documents aren't sitting on some server that's charging me $15.00
• 1:29:05
  a month and is eventually going to get hacked and leaked anyway,
• 1:29:08
  right? There's somebody listening who's
• 1:29:09
  going to go, OK, well, I'm going to do that.
• 1:29:11
  And then again, like Bitcoin, the more people that do that,
• 1:29:15
  the more people that take independent control over
• 1:29:19
  themselves and their families, which is called being an adult.
• 1:29:22
  The more people who do that, the healthier the world becomes.
• 1:29:26
  We win in the marketplace. We don't have to ask politicians
• 1:29:29
  for permission. We don't need to get laws
• 1:29:32
  passed, None of that. This is just technology that
• 1:29:36
  exists that you can run for yourself and your family.
• 1:29:39
  And if enough people do it, we will tear down the cloud.
• 1:29:42
  We will put an end to the hegemony of these giant crony
• 1:29:46
  capitalist megatech companies and their involvement with
• 1:29:49
  government. And I think it's going to happen
• 1:29:50
  faster than than most do. And this is me boots on the
• 1:29:54
  ground, observing the adoption rate.
• 1:29:56
  This is happening quickly. Yes, it's still fringe, but it's
• 1:30:01
  a lot easier than you think. As Nico was saying, he's a
• 1:30:03
  non-technical guy and he was able to do this.
• 1:30:08
  We openly state that this is not for everyone, but it is for
• 1:30:12
  anyone who won values their independence.
• 1:30:15
  And two is computer literate. So what we mean by the phrase
• 1:30:20
  computer literate is that you feel comfortable.
• 1:30:24
  OK, if you feel comfortable going into the settings menu of
• 1:30:28
  your iOS, Android, Mac or Windows device.
• 1:30:32
  So going into the settings menu and changing things.
• 1:30:35
  If you feel comfortable going into the settings menu and
• 1:30:38
  changing things on your device operating system, then you can.
• 1:30:42
  You can do this. You can do.
• 1:30:44
  You can run a start OS start 9 server in your home and connect
• 1:30:48
  to it from your phone and your laptop and your friends and your
• 1:30:51
  family can all connect to it as well from anywhere.
• 1:30:54
  And the experience is mostly as good as if you were using Google
• 1:31:00
  and Apple and all of them. There is a small degradation in
• 1:31:03
  user experience to be expected. Growing your own food is harder
• 1:31:07
  than going to a restaurant, but you can do it and it's not so
• 1:31:11
  bad and it tastes way better. Love it, Love it, guys.
• 1:31:15
  Go get. We'll have to do this.
• 1:31:19
  There we go guys. Go to start9.com today.
• 1:31:24
  Start your sovereign computing journey.
• 1:31:28
  I'm telling you it's it's, it's, it's, it's, it's you can do it.
• 1:31:33
  If you, if you're used to operating a Windows device or
• 1:31:37
  Mac, like Matt just said, you will be able to, you'll be able
• 1:31:42
  to manage your, your own personal server of which you can
• 1:31:47
  run a Bitcoin node off of that server.
• 1:31:50
  It's extremely fast. It's great and they have help
• 1:31:55
  and they can help and they have an amazing community and a
• 1:31:58
  support team too that you can ask questions to I every other
• 1:32:02
  week. I asked Matt if my start 9 is
• 1:32:06
  catching on fire and he said no, Nico dark, dark.
• 1:32:09
  That's not what's happening. So yes, it's highly recommended.
• 1:32:15
  Guys, run your own Bitcoin node run your own sovereign computer,
• 1:32:20
  run your own server head over to start 9.com today take advantage
• 1:32:25
  of the Black Friday sale 21% off their flagship product, which is
• 1:32:31
  the server pure. That's the one that I've been
• 1:32:34
  personally running since they since they initially launched
• 1:32:38
  it. And again, it's, you know, the
• 1:32:40
  best Bitcoin note I've ever run. And I'm using it for Noster.
• 1:32:44
  I'm using it for for kind of lightning stuff as well.
• 1:32:49
  It's incredibly, incredibly awesome.
• 1:32:51
  I can't recommend it enough. Anyways, we are getting to the
• 1:32:54
  top of the hour. Yeah.
• 1:32:57
  I think it's important to mention the operating system
• 1:33:00
  that makes this possible. Start OS is 100% free and open
• 1:33:05
  source software under the MIT license.
• 1:33:07
  It does not in any way belong to me or to Start 9.
• 1:33:11
  We are the people who work on it, you know, we pour our
• 1:33:16
  lifeblood into it and then we we give it away.
• 1:33:18
  We don't own a drop of it. And so you can, without doing
• 1:33:23
  business with us at all, just download the software and flash
• 1:33:28
  it onto an old laptop, an old mini PC if you really want to a
• 1:33:33
  Raspberry Pi that we don't really recommend it.
• 1:33:36
  You can even flash old Macbooks. It works just fine and
• 1:33:39
  effectively convert that old computer or a new one that you
• 1:33:44
  buy off the shelf. You can convert it into a a
• 1:33:47
  start 9 server without ever doing business with us.
• 1:33:50
  We don't know that you exist. There's no accounts to create.
• 1:33:54
  This is just purely open source. It's, it's a Linux distro that's
• 1:33:57
  based on Debian and we are, it's, it's maintainers.
• 1:34:02
  So we do sell plug and play servers and that's our business
• 1:34:05
  model. But you don't have to buy from
• 1:34:07
  us. And, and we root for that and we
• 1:34:08
  recommend it, right. If if you're in a place where
• 1:34:11
  shipping would be enormously expensive or you just you know
• 1:34:15
  you don't have a enough money to to buy a server from us, just go
• 1:34:19
  grab an old laptop that's laying around, go get one from Goodwill
• 1:34:22
  for 50 bucks. Flash start OS on it and you'll
• 1:34:25
  be up and running and we will still help you along the way.
• 1:34:29
  Love it love it yeah guys, you can you can download this.
• 1:34:32
  You don't have to buy their products, even though I really
• 1:34:34
  recommend them because it is plug and play and it's awesome
• 1:34:37
  and guys, this was simply Bitcoin live for December 2nd.
• 1:34:41
  First episode of December baby. Oh my God, Opti.
• 1:34:44
  We made it through this year. I don't know how if you guys
• 1:34:47
  enjoyed today's episode, smash that like button and consider
• 1:34:50
  subscribing. I'm your host for today Nico.
• 1:34:53
  It's my legendary Co host, Optimus Fields, and our guest
• 1:34:56
  today, Matt Hill, founder and CEO of Start 9.
• 1:35:00
  Head over to start 9.com today. Start your sovereign computing
• 1:35:04
  journey. All right guys, love you all.
• 1:35:06
  We'll see you on the next one tomorrow.
• 1:35:08
  Peace out. Was brought to you by
• 1:35:11
  bitcoinwell.com, a Bitcoin only platform on a mission to enable
• 1:35:15
  financial independence.