Latest / Simply Bitcoin / How Much Bitcoin Do You Need to Retire? | EP 807

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How Much Bitcoin Do You Need to Retire? | EP 807 · Simply Bitcoin

0:09
It's all going to zero against Bitcoin.
0:13
It's going up forever more. Yeah.
0:26
Welcome to some of the Bitcoin live.
0:27
We're number one source for the peaceful Bitcoin revolutionary
0:29
code breaking news culture, magic, warfare.
0:31
We will be your guide through the separation of money and
0:33
state. Today we're going to ask the
0:35
million sad question, how much Bitcoin do you need to retire?
0:38
I don't know. But I'll tell you this,
0:42
everyone's got some different opinions about it.
0:45
So we're going to pull up some of the data.
0:46
We're going to go through it. If you were to ask Michael
0:49
Saylor, there's no such thing as having enough Bitcoin.
0:52
That's why he keeps stacking. I'm on that camp.
0:55
I don't think that there is such thing as having enough Bitcoin,
0:58
so I'm going to keep stacking as much as I can.
1:01
But it is a very interesting question, like how much Bitcoin
1:04
would you need to require? And of course, today is going to
1:07
be an episode specifically during the new segment of
1:11
dubious speculation, because that's really what it is.
1:14
No one really knows where the price of Bitcoin is going.
1:16
All I know is that I believe it's going up forever because it
1:19
is Infinity day. It is 21,000,000 divided by
1:24
Infinity. So I feel like that's a very
1:27
simple, that's a very simple, it's a very simple question and
1:32
to use Greg Foss's own words, it's just math, right,
1:35
21,000,000 divided by Infinity. So we're going to cover all of
1:39
that today. We got a lot of data.
1:40
We got a lot of things to go over.
1:42
It's going to be a great show. And we also have some very
1:45
special guests from up north. So we're going to, I'm going to
1:48
bring them up on stage and let them introduce themselves.
1:50
Chris and Derek, how you guys doing?
1:54
Happy to have you guys on the show and of course my legendary
1:57
cohost who's always optimistic. How you doing Opti?
2:00
I am honestly guys, I I might be getting some kind of a cold
2:05
right now but hey, you know the show goes on.
2:08
I don't know I maybe maybe I didn't eat good this morning or
2:11
something. Maybe I'm too geeked up on
2:13
coffee. But anyways, Nico, you uh you
2:15
messed it up. It's Infinity divided by
2:17
21,000,000 not the other way around I think.
2:19
I know maps is hard. I know maps is hard and we're
2:22
not mathematicians, we're talking heads.
2:24
But it's Infinity divided by 21,000,000.
2:28
There we go. And also before we go on, I will
2:31
obviously be the most bullish one on the show.
2:34
The question is, how much Bitcoin do you need to retire?
2:37
I don't know. You guys are sounding way too
2:39
bearish out there right now. Literally anything you own today
2:42
will be money you can retire on. I'm convinced of this.
2:45
But hey, Nico, give us the math. I I know you got some data.
2:48
Wait, hold on, we'll break it. It's Monday.
2:51
I'm not. I'm not gonna.
2:52
I'm not gonna break it down. I'm gonna use someone else's
2:54
breakdown. All I'm referencing is.
2:56
I want to give some Nico. Jones Ranch today, Okay okay,
2:59
Start off the week with the Nico Jones Ranch.
3:02
I like it. Anyways, what are we gonna talk
3:03
about during the culture segment?
3:05
What these two gentlemen? It's what they're working on
3:07
their company, Jewel Port, and how you can get paid for heating
3:11
up your house or your business. That almost sounds too good to
3:16
be true. Gentlemen, could you give a
3:17
quick elevator pitch on what it is?
3:21
Sure. So Dual Port is an innovative
3:23
immersion company where we provide heating and Bitcoin
3:27
mining in your house, Simply put and what we want to do is you
3:31
want to bring mining back home. That's the, that's the push that
3:34
Eric and I've been working on. I built mines, big mines in the
3:38
past 2017, eighteen and I just realized that bitcoins just too
3:42
good to not share, right. There's these big companies and
3:45
they're profiting. So Derek and I and my team has
3:48
been working on getting. A miner in your house, and our
3:52
claim to fame is that we use the same electricity twice.
3:55
How do we do that? So we use it once to mine
3:58
bitcoins and wants to produce the heat.
4:00
We pump the heat through your house.
4:02
It's a great system. It's easy to install, plug and
4:05
play. Once you got it, you're in the
4:07
Bitcoin game. As soon as you start your system
4:09
up, you're mining bitcoins and the system's good.
4:12
It actually pays your electrical bill because you know, if you're
4:15
at, say, 12 to 14 cents. And then there's money left
4:18
over. So it provides passive income
4:21
that is absolutely freaking insane.
4:25
And I I can't emphasize enough how important this is, right?
4:28
Especially you know since we we heard the news last, it was like
4:32
it was late last week how 51% of the Bitcoin mining hash rate
4:39
belongs to mining pools that KYC your Bitcoin miners whole miners
4:43
are the last line of the fence and decentralization.
4:46
So I can't emphasize it enough. The importance of home mining
4:50
and look, you already have to heat your home, especially if
4:53
like you live in a cold part of the world.
4:55
Might as well just make some sats along the way too, right?
4:58
So it's super awesome what you guys are doing.
5:01
Derek, I don't know if you want to chime in before we jump into
5:03
the show. Yeah, actually I do.
5:05
So you mentioned the cold climate.
5:06
So up here in Canada, natural gas, which is used to heat a lot
5:11
of people's homes as well as to heat your hot water tanks.
5:14
Whereas a lot of the electricity is provided either by hydro or a
5:18
more and more significant portion is by wind and solar.
5:22
So what's really interesting about this, up here in Canada,
5:25
we have what's called the carbon tax, which means the government
5:28
taxes you for heat, for giving yourself hot water or for
5:32
heating your home. In addition to that, they also
5:35
have what they call the clean fuel standard, which is actually
5:38
an additional carbon tax. So every time you heat your
5:41
home, you're you're actually paying a bunch of that money to
5:43
the government. Just to make sure you don't
5:45
freeze to death. So when you're able to use a
5:49
mini system from Joule port, you're able to provide that home
5:53
heating, that domestic hot water and you're able to avoid the
5:56
carbon tax. So you're able to provide a
5:59
greener footprint because you're using hydro or renewable
6:03
electricity? Instead of using that natural
6:06
gas, so keeping money out of the hands of the government, keeping
6:10
it in your own pocket, reducing your carbon footprint and
6:14
stacking some sats. That sounds perfect.
6:16
That sounds perfect. That's, that's not, that's.
6:18
And and specifically, that's only something that Bitcoin
6:20
could do. So really, really, really cool.
6:24
All right, gentlemen, no more delay.
6:25
Let's jump straight into the show.
6:26
We got a lot to talk about. We got a lot of stuff to, a lot
6:29
of stuff to break down. Let's start the show the Bitcoin
6:35
numbers. Is your Bitcoin and cold storage
6:38
really secure? Is your seed phrase really
6:41
secure? Stamp seeds?
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Doityourself kit has everything you need to hammer your seed
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words into commercial grade titanium plates instead of just
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writing them on paper. Don't store your generational
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wealth on paper. Papers prone to water damage,
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fire damage. You want to put your
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generational wealth on one of the strongest metals on planet
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earth, Titanium. Your words are actually stamped
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into this metal plate with this hammer and these letter stamps.
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And once your words are in, they aren't going anywhere.
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No risk of the plate breaking apart and pieces falling
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survive nearly triple the heat produced by a house fire.
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They're also crush proof, waterproof, non corrosive, and
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time proof. All things that paper is not
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allowing you to huddle your Bitcoin with Peace of Mind for
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the long haul. Stamp your seed on stamp seed.
7:33
Alright guys, you could also scan the QR code on your screen.
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It'll take you directly to the stamp seed website.
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Don't put yourself in a situation where you have to
7:40
explain to your grandchildren why you lost your generational
7:42
wealth because you stored your Bitcoin wallet.
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Bitcoin. Your Bitcoin wallet backup seed
7:47
words on paper. Don't be that person.
7:49
Store it on titanium Anyways. At the time of recording the
7:52
Bitcoin price is 25,995 sats for dollar 3847 block height 804,245
8:01
blocks to having 35,755 having estimate April 20th 2024.
8:07
Total lightning network capacity 4654 Bitcoin capacity value
8:11
121,000,000 U.S. dollars. Realize monetary inflation
8:15
1.76%. The market capitalization of
8:17
Bitcoin $506 billion with A B Bitcoin versus gold market cap
8:22
4.01% My favorite stat out of everything is the realized
8:27
monetary inflation continuing to take Fiat currencies to absolute
8:31
school and embarrassing them. Anyways, moving on, today is
8:35
happy Bitcoin Infinity day. It is Infinity divided by 21
8:39
million. You're I think you're right.
8:41
Opt. I think I think I got it wrong
8:42
in the 1st place. So happy Bitcoin Infinity day.
8:45
Michael Saylor is tweeting about it as well happy Bitcoin
8:48
Infinity day. And he also, he also tweeted,
8:52
you know, this it's, it's interesting because The Simpsons
8:55
predicts a lot of the things. Like if you see it over a long
8:57
period of time. And I guess this is 1 from one
9:00
of The Simpsons episodes and you know, it's like showing like,
9:03
you know, the prices of things like it's a stock ticker.
9:06
And then it says Bitcoin Infinity, which I think is
9:09
absolutely hilarious. Maybe it's foreshadowing
9:12
something. I don't know.
9:13
Who knows. Anyways, this is what I want to
9:15
talk about today. How much Bitcoin you need to
9:18
retire. So inflation is the silent
9:21
killer. Inflation is the silent theft.
9:23
If you're in the Gen. Z or millennial generation, you
9:27
have been impacted the most. Life is definitely more
9:29
expensive than it was for your parents.
9:32
According to this latest report, Gen.
9:34
Z and Millennials need 3 to $5,000,000 to require.
9:40
It goes on to say inflation has definitely affected the economy
9:43
badly. Gen.
9:43
Z and Millennials who are looking ahead to saving for
9:46
their retirement need to rethink and restructure their finances.
9:50
Early reports from 2022 pointed out that they need at least
9:53
$3,000,000 to have a comfortable retirement.
9:55
However, another survey by Bloomberg, MMLIV, Pulse has
10:01
disclosed that Gen. Z and Millennials need anywhere
10:03
between 3 to 5 million to have comfortable retirement.
10:07
Is the $1 million retirement dream over?
10:09
The typical retirement savings target has long been 1,000,000.
10:12
However, the rise in inflation has led to three to five fold
10:15
increases in the recommended retirement savings targets for
10:18
Gen. Z and millennials.
10:20
The study by Bloomberg found that more than 7 to 10 VET
10:22
investors believe comfortable retirement savings should be
10:25
between 3:00 to $5,000,000, goes on to say, David Goodsell,
10:30
executive director director of the Naxis Center for Investment
10:34
Insight, stated one of the key challenges we see in managing
10:38
toward unknown We don't know what prices will be in the
10:41
future, we don't know how long we'll live.
10:43
And all of those all of that factors into into anxiety, the
10:48
study surveyed by Bloomberg. Customers who tend to have
10:51
careers in finance and relatively high incomes compared
10:54
to average workers with reports servicing that U.S. government
10:57
debt will rise by 5.2 billion every day and 61% of Americans
11:02
living paycheck to paycheck, they're also they're also arises
11:07
in necessity to ramp up savings to enjoy a peaceful retirement
11:10
life. Well, you know, we always have
11:13
this saying in Bitcoin, right? Bitcoin fixes this, and I think
11:17
this is one of those things that Bitcoin truly does fix.
11:21
Because Bitcoin is a deflationary currency, meaning
11:24
it's purchasing power increases over time and all of a sudden
11:28
saving for the future isn't so daunting.
11:31
It is extremely daunting saving for the future if your savings
11:36
are losing purchasing power over time.
11:38
But the exact opposite happens in Bitcoin and I'll pull up some
11:41
tweets and also the website price in Bitcoin, which is a
11:44
great resource. But if you were saving in
11:47
Bitcoin, which is what we recommend on simply Bitcoin
11:50
dollar cost average, stay humble, stack sats, and be king
11:54
goes stay solvent. Check out how life gets actually
11:59
cheaper over time. It's not about reaching those
12:02
higher numbers. Instead of, oh, I hope I want to
12:04
get to 1,000,000 U.S. dollars. No, now it's 3,000,000.
12:08
Now it's 5 million. That's completely absurd.
12:11
The vast majority of people have apps.
12:13
There's an on a normal wage there's it's almost impossible
12:17
to reach those numbers. But bit in Bitcoin, it tells a
12:19
different story. Here is Jake Josten who says a
12:22
lot of people are talking about a housing bubble and this is
12:25
this is true. Like if you lived in a big city
12:28
in the last 2-3 years alone since you know the Fed turned on
12:32
the money printers because of the pandemic.
12:34
Housing prices have increased like to like 200% especially in
12:38
the big cities like housing has become unaffordable for most
12:41
people. However, if you're saving in
12:43
Bitcoin it tells a very very different story.
12:46
Check this out Why are homes getting so cheap US medium Home
12:50
Price in Bitcoin In 2012 one home an average US home would
12:54
have cost you 43,000 Bitcoin. In 2013 nineteen thousand
12:59
Bitcoin and 2014 340 Bitcoin 2015 920 Bitcoin 2016 697
13:07
Bitcoin 2017 306 Bitcoin 20/18/18 Bitcoin 20/19/78
13:13
Bitcoin 202044 Bitcoin 20/21/12 Bitcoin 20229 Bitcoin 202325
13:21
Bitcoin. August 20, 2316 Bitcoin You guys
13:26
get the point. I hope you guys get the point
13:28
now. Saving for retirement on a
13:31
Bitcoin standard is a whole lot easier.
13:33
Your life gets significantly cheaper.
13:35
But it's not only housing, it's basically everything.
13:38
Check out this website. I absolutely love it.
13:42
Let's go to commodities, right? So if you've been saving in
13:47
Bitcoin, everything gets cheaper, right?
13:50
On a five year scale. On a three-year scale, maybe not
13:53
on a one year scale due to the volatility, but everything,
13:56
whether that's crude oil, natural gas, gasoline, propane,
13:59
eggs, cheese, beef, soybeans, wheat, lumber, milk, orange
14:03
juice, coffee, cotton, coca, rice, oh, sugar, corn,
14:07
Everything gets cheaper. Let's check out this.
14:10
Also, crude oil that's cheaper, gold gets cheaper, the S&P 500
14:14
gets cheaper, the US dollar gets cheaper.
14:17
It's awesome. Bitcoin is awesome.
14:19
Now to cover the original topic of the video, right?
14:24
How much Bitcoin do you need? So this is kind of like a, you
14:29
know, this is, this is the section of the numbers segment
14:32
that I'm going to emphasize is dubious speculation because
14:36
that's really what it is. But this is a, you know, one of
14:40
those, I think this was originally written by Luke.
14:44
He's written some awesome threads on Twitter and we've had
14:47
him on the show and he's talked about this idea of exponential
14:51
growth and how human beings have a hard time really understanding
14:56
exponential growth in things, right.
14:59
And I think to go back to the original meme, in the very, very
15:03
beginning, I think people don't understand.
15:07
The people don't have an understanding of what absolute
15:11
scarcity is, right? And I think This is why, you
15:15
know, this meme or this equation is so powerful.
15:19
It's Infinity. So everything divided by
15:22
21,000,000, right? You know, we always talk about
15:25
gold, how gold is scarce, right? No, Gold has an inflation rate
15:29
every year. And if the price of Bitcoin
15:31
goes, I'm sorry, the price of gold goes up more gold miners
15:35
that for the production of gold will increase if the price of
15:38
Bitcoin goes up, doesn't matter. The production of Bitcoin will
15:42
stay the same in every roughly every four years that supply
15:45
gets cut in half, right? So what we're witnessing is
15:50
absolute scarcity, which is why housing prices continue to get
15:53
cheaper, which is why everything continues to get cheaper.
15:57
And on a long time scale, everything will continue to get
16:01
cheaper. Now the question is how much
16:02
Bitcoin is enough. Now this is this charts.
16:07
That was part of an article that our buddy Luke that came on the
16:11
show put together, right. And maybe it is a bit of opium.
16:15
Maybe. I don't know.
16:16
I'll let you guys be the judge. But if you would have told me
16:19
1012 years ago that the price of Bitcoin would be 25,979 when at
16:27
that time the price of Bitcoin was under a dollar or maybe a
16:30
couple of dollars, you would have laughed me out of the
16:32
fucking room. You would have said you're
16:34
crazy, That is nuts, that that's impossible, right?
16:37
So 10 years from now, I don't know. 20 years from now, who
16:41
knows? But I could tell you what the
16:43
equation is. Everything divided by
16:45
21,000,000. So anyway, so let's break it
16:47
down right so it goes it's it says entity rank and it tells
16:52
you how much Bitcoin per rank. So for mega rich slash nations
16:57
is the average amount of Bitcoin for them is 140,000 Bitcoin for
17:02
a mega bill. For a multibillionaire, a small
17:05
nation, the average Bitcoin per entity is about 8000 Bitcoin.
17:10
For a billionaire slash mega rich corporation, it's about 120
17:13
Bitcoin. For a multimillionaire, it's
17:16
about 10 Bitcoin. For millionaires, it's about .06
17:19
Bitcoin. For up upper middle class, it's
17:22
.008 Bitcoin. For middle class, it's .001
17:26
Bitcoin. For lower middle class, it's
17:28
.0004 Bitcoin. For lower class it's .0002
17:33
Bitcoin. And poverty is .000005 Bitcoin.
17:38
Now you look at this and you're like, there's a bit of opium.
17:42
There's a bit of dubious speculation, but again, look
17:45
back in time. Look at how the price of Bitcoin
17:47
has performed this whole time. And here's this other
17:50
interesting chart, which I thought was really, really
17:52
interesting. And it kind of breaks down
17:54
Bitcoin. The Bitcoin redistribute, sorry,
17:57
Bitcoin, wealth distribution, right?
18:00
And it breaks it down in terms of percentages.
18:02
So to be in the top 10%, you need 1.28 Bitcoin.
18:06
To be in the top 9%, you need 1.45 Bitcoin.
18:09
To be in the top 8%, you need 1.95 Bitcoin.
18:12
To be in the top 7% you need 2.45 Bitcoin to be in the top
18:16
63.18 to be in the top five, 3.99 to be in the top four, 5.4
18:23
to be in the top three, 7.44 to be in the top 210.56 to be in
18:28
the top one you need 15%. To be in the top .1% you need
18:32
89. To be in the .031% you need 215.
18:37
To be in the .01% you need 433. To be in the .003 you need 2189
18:44
and to be in the .001% you need 7021 Bitcoin.
18:49
So lot of information that I covered.
18:53
But anyways I hope you guys found it useful.
18:56
I hope you guys found it, you know, inspiring, hopeful, but
19:02
also at the same time I hope it lights a fire up your ass to
19:05
stack as much as you humanly can, especially at these prices.
19:09
Because I think next having you know, people are predicting
19:13
anywhere between 100 to 250 K you know blow off top.
19:17
I think having one Bitcoin is going to be out of, out of the
19:20
hands of reach of the vast majority of people, right.
19:24
So I think the fact that if you get yourself one Bitcoin, you're
19:28
going to be in a privilege, you're going to be in an elite
19:30
few, a privileged few, right? You're going to be 1 of 21
19:33
million people that has the capability of having one
19:36
Bitcoin. And then one more stat before I
19:38
pass it on to these gentlemen is the amount there is 50.
19:43
There's estimated to be between 56 to 61,000,000 millionaires
19:47
all around the world. And if every single one of them
19:50
wanted one Bitcoin, they physically could not have one,
19:53
right? Just to kind of breakdown how
19:55
bullish this is, what absolute scarcity is, we have a hard time
19:59
wrapping around wrapping our heads around that, but so far
20:03
Bitcoin has been the best performing asset of all time.
20:07
Right. And it's only been around, you
20:08
know, less than two, less than two decades.
20:11
I can't even imagine what these next decades are going to show.
20:14
So anyways, I'm going to cool it down a little bit because I know
20:17
OPTI would just add more fuel to the opium that we're starting
20:20
Monday off with. So I'm going to pass it on to
20:22
these two gentlemen. Chris, what are your thoughts
20:24
and everything that I just broke down on some of the numbers?
20:27
Is it too, is it too bullish, is it too bearish?
20:31
What are your thoughts on on on what we covered today?
20:34
It's I'm I'm I'm bullish on Bitcoin.
20:37
I everything you said I agree with I I've been orange pilled
20:41
since 2013 okay and and to your point dual ports trying to or or
20:47
set the system up to where everybody can have access to the
20:50
Bitcoin and the blockchain. There's so much more to what
20:53
we're doing than just getting bitcoins.
20:55
And the other point is the having so bitcoins, we know that
20:59
the price is going to go up. I mean it's just it's
21:01
inconceivable that will go down. So I want everybody out there if
21:05
you can get a dual cube system put in your house before the
21:09
having it's you know it's mining 6.25 bitcoins right now.
21:13
So jump on that bandwagon as soon as you can.
21:15
Like you say in April it's going to change to 3.125 which is
21:18
going to be less but they'll be you know the price will be
21:21
higher. So my point is if to to your
21:25
point, get as many bitcoins as you can.
21:27
If you have a dual cube system, it's going to help you.
21:29
It's going to help you get there, Derek.
21:32
Hey, so the the big thing that I want to touch on that, Nico
21:36
said. With with the price of Bitcoin
21:39
going up and one of the one of the things that's becoming
21:43
harder and harder for people to be able to retire on or
21:47
especially up here, we've got a huge housing crisis right now.
21:51
A lot of a lot of Gen. ZA, lot of millennials have
21:54
given up on even owning a home. What that's meant is that it's
21:58
it's common practice, whether it's here or in in the US, that
22:02
you need a side hustle, you need something else that's able to
22:05
supplement that income. And one of the actually greatest
22:09
messages that I think that simply Bitcoin consistently says
22:13
is stay humble. You know, make sure that you're
22:16
continually working that side hustle.
22:18
As as your Bitcoin side hustle, it is not get rich quick.
22:22
This is a medium, a longterm plan.
22:26
And Bitcoin provides that freedom for it in order to be
22:30
able to actually control how you're going to manage your
22:33
retirement, how you're going to manage your property ownership,
22:36
how you're going to manage your life.
22:37
So that's, I think that quantifying that down into into
22:42
those stats, that's that's really what makes sense to the
22:45
world here 100%. So again, I'm going to emphasize
22:49
dubious speculation. Chris, how much Bitcoin does the
22:53
average person need to retire? That's a tough question.
22:59
You know, I I would say at the at the minimum if you could do
23:03
it between 5:00 and 8:00 because you know if the price
23:09
continually goes up and it's a reasonable target like you know
23:13
getting 50 bitcoins, I don't think is, is is a reasonable
23:16
target. So what can you actually do and
23:17
how would you do it? One of our clients that we just
23:20
were signing up right now, he's putting in one of the larger
23:23
tanks that we have 8. He's going all in.
23:26
He wants it, right. So I mean there, maybe you could
23:29
speak to the numbers. If you have one of our systems
23:31
and you're running for minors, you could probably get a whole
23:34
Bitcoin in a couple of years, right?
23:36
Yeah, it'd be too. Maybe.
23:38
Maybe closer to three years, but.
23:41
A whole Bitcoin? It gets, it gets significant as
23:45
you as you get up there. I think really the the question
23:48
is what stage of the game are you in?
23:51
Are you looking to retire at 30 or 40?
23:54
Are you looking to retire at 80? I mean, I I I'm one of those
23:59
people that's going to keep working and you know, I'm I'm
24:02
still playing rugby and I'm way too old for, for that young
24:06
man's game which I get informed of every week.
24:08
So I'm going to be working till till I I can't.
24:13
Not because I have to, but because I want to you know I I
24:16
want to stay busy. So you know when when you ask
24:19
how much are you how much Bitcoin are, you need to retire.
24:22
I I think Chris you're you're a little pessimistic there.
24:26
I would say if you had two or three by, by the time you're
24:29
ready to retire, you'll you'll be pretty set for life.
24:33
Woof. I like that.
24:34
I like that bullishness. By the way, guys, I did drop it
24:36
in the YouTube chat. I dropped the poll.
24:39
Please make sure to vote and we'll go through the results at
24:42
the end of the show. Opti, what's your take?
24:44
How much Bitcoin do you need to retire?
24:47
And then? Yeah, first and foremost.
24:49
It's going up forever. So you guys are not bullish
24:52
enough? No, but let's go back.
24:54
Let's go back a little bit. You can ask me again.
24:58
No, but that story, I saw that this weekend and it was kind of
25:02
on my mind all weekend. You know as a millennial and a
25:05
zoomer, how like the meme of being a millionaire.
25:09
It it doesn't it's not even up to date anymore And how 5 to $10
25:12
million is the new millionaire. And obviously as we talk about
25:16
constantly on the show, like this is inflation.
25:18
This is the the silent theft of inflation.
25:20
And this is. Directly correlated to the
25:24
amount of money that's been printed.
25:25
Guys like we got to continue to double down on that message
25:28
because still so few people understand how the money
25:31
mechanics is working and I'm going to relate a few stories
25:35
like wine and kiss some odd boy wine because you guys know wine.
25:38
I picked him up this weekend he's at my house and he was said
25:40
he was hanging out with his normie friends this weekend and
25:44
they are just completely oblivious to inflation and
25:47
what's going on in the world and and like this is where we are.
25:49
This again, This is why I say we're.
25:51
We're so so bearish right now because so few people understand
25:55
Bitcoin and as more people wake up to what is actually happening
25:59
again the exponentials here is going to go absolutely nuclear.
26:03
And and and again let me double down on this like I I'm kind of
26:08
convinced that retirement is a scam.
26:10
Personally I I think working keeps you sharp.
26:12
I I think that you should want to continue to work for as long
26:16
as possible, like staying on your purpose.
26:18
Is what's going to keep you living a long, fruitful life.
26:21
And so I'm not really looking to retire.
26:23
But obviously the idea of having a comfortable savings I'm a fan
26:28
of. And it's just absolutely insane
26:30
that you need $10 million right now to like have a comfortable
26:34
savings to be able to live a good life in the world that we
26:37
live in. The current moment, you know,
26:39
I'm nowhere close to that yet. But hey, This is why we work
26:42
hard every single day to try to continue to stay humble.
26:44
Stacks that stay solving all the things we tell you guys.
26:47
And you know, I'm just absolutely wrecked.
26:49
But hey, that's a totally other other game here and shouts out
26:52
to the politicians that have stolen our futures and print
26:55
more money. Anyways, all right to the
26:57
question of how much Bitcoin we have.
27:00
I mean, I don't know, man. Like again, I I am kind of
27:02
joking on the idea of like you guys are a little bearish, but I
27:05
think those are like good numbers.
27:06
I I kind of jump on the idea of like if you can get one coin
27:11
right now if you guys are new to the game.
27:14
Just stacking a coin right now in this bear market, crab market
27:17
that we're in, if you have the means and you're able to hold on
27:21
to that single coin moving forward, like I think maybe this
27:26
is just my Hopeium as well is like this is going to be enough
27:30
to retire moving forward and especially when you give the
27:32
numbers here. But I think people really,
27:35
excuse me guys, don't understand exponentials and how few Bitcoin
27:39
there really is in the world compared to how much money there
27:42
is in the world. And if Bitcoin is able to soak
27:45
up a lot of that capital like you guys are, we're all too
27:48
bearish and we don't understand exponentials.
27:50
And and again. Talking about exponentials, I
27:52
was talking to wine this morning.
27:53
We literally just had this conversation and he was like
27:56
yeah, I just turned a billion seconds.
27:57
The other like a little while ago and they're like how long is
28:00
a billion seconds? It's like it's like 30 something
28:02
years. I think it's 31 or something.
28:04
And then we and then we were talking and I'm like like how
28:07
long is 1,000,000 seconds? And he did the math.
28:10
So this is wines math. Don't get mad at me but
28:12
apparently 1,000,000 seconds is like 3 months and a billion
28:16
seconds is 31 years. So again.
28:18
Few people understand exponentials that they you can't
28:21
wrap your head around big numbers and this is the game
28:24
we're playing guys. So like if you're feeling
28:26
bearish and you're feeling bad about your stack man I I think
28:30
you got to wake up to the fact of what the game is going on and
28:33
and the Bitcoin you hold today as long as you can hold it long
28:35
term is obviously going to be some good generation of wealth
28:39
that you can pass on. But for the culture, obviously
28:43
the right number is you need 6.15 for eternal riches and.
28:49
But now I mean. I think Mark.
28:52
Yeah, yeah, exactly. Yeah, that's the mean.
28:54
But I think the real question here is time span and that's
28:57
what they're saying in the chat and and Derek touched on it as
28:59
well. I think it's the like view, like
29:03
when are you trying to retire? If you're trying to retire
29:05
tomorrow then obviously you want 10s of Bitcoin Plus, but if you
29:10
are like me who hopefully has another 60 years of working.
29:15
I think the the coin that we are owning today is going to be
29:19
enough to retire. But of course, hey, I'm a greedy
29:21
bitcoiner and I want as many sets as possible under my
29:24
control, so never enough Bitcoin to retire.
29:27
Nico is my final answer because I'm bearish.
29:29
I'm being bearish today. I love that.
29:31
I love that. Yeah, I mean it.
29:32
It it really is dependent on time, right.
29:34
I, I, I, I completely agree. Are we talking about retiring
29:37
right now? I would agree it for if you want
29:40
to retire right now would say probably you know.
29:46
I don't know. I don't know.
29:47
Bitcoin. You think so?
29:51
Yeah. I mean if you wanted to you
29:53
know, keep going and and be stupidly rich moving forward.
29:56
But Nico, you just reminded me of the website Satoshi's per
29:59
person again. You know, 8 billion people
30:02
divided by 21,000,000. The quote UN quote fair share is
30:06
what, 240,000 Sats right now? So like.
30:11
Again, I I just think we're so bearish because we don't
30:13
understand exponentials and big numbers.
30:15
So, like, just keep stacking. All right, So I'm going to end
30:18
the poll before we move on. We're going to switch it up
30:21
today off day. We're going to go with the
30:22
culture before the news, but I'm going to end the poll and the
30:26
poll says, the audience says we had 97 votes.
30:31
And I said how much Bitcoin do you need to retire?
30:35
30% of you said, 525% of you said, 125% of you said 10, and
30:43
17% of you said .1. So it looks like 5 is what the
30:48
crowd is saying. That's how much Bitcoin you'll
30:51
need to retire. Anyways guys, before we get to
30:53
the culture, I want to give a shout out to our sponsor,
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Many, many more speakers to be announced, and they're already
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included. Opti and I are going to be
32:26
there. You definitely don't want to
32:27
miss it. All right, Opti.
32:28
What are we talking about today, brother?
32:30
Of course. Well, we're talking about what
32:32
these gentlemen are working on. So I like to just give our
32:36
guests the floor. I don't know if it's Derek or
32:40
Chris who wants to rehash on what the ideas, but what is
32:43
Jewel Port? What are you guys working on?
32:46
Maybe I will first, Derek. So yeah, we what we want to do
32:49
is we want to decentralize and Bitcoin and bring mining back
32:52
home because I, I, I want everybody.
32:55
Derek and I are both. We want to be responsible people
33:00
in the community and we want to give back.
33:03
So we created this product so that anybody can get into the
33:06
game and start mining big gun at their home.
33:08
We set it up so that because you're going to pay your
33:11
electrical bill, it's going to heat your house for free and
33:13
there's going to be money left over.
33:15
We're suggesting that people pay their electrical bill themselves
33:19
if they can afford it and keep as many Bitcoin as they possibly
33:22
can. Once you've got that system in
33:24
your house, then you're in the game and you know you can keep
33:27
going. Once again, it's a longterm
33:29
thing. Our company is going to
33:31
continually innovate and make our Bitcoin mining machines
33:36
faster, better everything or and then there's going to be other
33:40
opportunities for financial companies to come in and.
33:43
You know, there's going to be maybe you can lend out your
33:46
bitcoins, make more money that way, so long as you don't get
33:49
scammed. We believe in custody that you
33:51
own, you keep your bitcoins in your own wallet with your
33:54
titanium. All of that stuff can can help
33:58
people out in the future. So we're here to help, and we
34:01
want everybody to jump on the Bitcoin bandwagon.
34:04
Love it. Couldn't agree more.
34:06
Couldn't agree more. All right.
34:08
Derek, do you want to touch in or we can jump in on your guys's
34:11
flagship model right now? Sure.
34:13
You know what That that's actually what I'd like to touch
34:16
in about the idea behind the Jewel Cube Mini is that it goes
34:22
in your home. It's able to go into your
34:25
already existing mechanical room and then tie in to your home
34:29
heating system, whether it's radiant heating, if you have in
34:33
floor heating or if you have forced air.
34:37
Because we we're using immersion technology in order to cool the
34:41
miners. You don't need to worry about
34:43
having proper ventilation for the miners itself.
34:46
You don't need to worry about noise, if anyone who was like me
34:50
who was running an ASIC out of the garage back back a few years
34:54
ago. You probably got the Honestly,
34:58
even if you were running an ASIC in your garage, you probably got
35:01
a complaint from my lady because she she got annoyed that
35:04
everybody who is doing it by by the end of probably the last
35:09
cycle we had about three or four homes on my block that you can
35:13
tell they were minding at home because the garage doors were
35:16
open just a little bit and you could hear that the fans running
35:20
from their ASICS. What's nice about this is
35:22
because it's immersion cooled mining, it stays in the cube.
35:27
It goes through a indirect hot water tank, which means that the
35:31
process water heats up your domestic hot water tank and then
35:35
cycles through to either a heat exchanger in your forced air
35:38
system, through your in floor heating, through your ratings
35:41
heating in order to lower those utility bills.
35:46
It's it's great for being able to provide a lower carbon
35:50
footprint, which I which I'm always considering, and being
35:55
able to have a way to start minding your own Bitcoin.
35:59
Love it. So if you don't mind me asking
36:02
what what ASICS are using like how what's the actual technicals
36:06
on on how this works like with the Bitcoin ASIC machines that
36:10
that you guys have chose? So primarily we've been using
36:14
the bit main S19XP's. Couple reasons for that.
36:18
It gives you the most efficient Tera hash per electricity being
36:23
used, which means once we get to the next halving, you're still
36:27
going to, you're still going to be in a good place.
36:30
One of the big things that we also like about it is that the
36:34
XP's have been very adaptive towards overclocking software as
36:39
well as adaptive software. So depending on what our clients
36:43
are using, if they want to be able to tone down the amount of
36:48
hash rate they're putting out, lower the amount of electricity
36:51
that they're using. This is really important in
36:54
areas like I believe Ontario, I know a lot of states.
36:59
Have adjusted electricity rates depending on the time of day.
37:04
So overnight you're looking at 3-4 cents per kWh, but in those
37:10
high times of usage you're looking at 1516, even $0.17 per
37:15
kWh. So having the software available
37:18
that's able to throttle it, whether it's whether it's
37:22
maximizing the amount of tear hash that you're getting or
37:26
having the most efficient system, or depending on your
37:29
knee. If you're in the middle of
37:31
winter, you need to start generating more terror house
37:35
generating more heat, then you're able to have that in
37:38
place. Interesting Okay.
37:40
So I'm seeing on this website if they get a Joule Cube mini this
37:45
looks like a different one. Do they just get this box here
37:49
they you come in and you install this whole system for them?
37:52
So we actually work with local hydraulic contractors.
37:56
So my background actually was in civil Water Works and I was
38:00
building my own minors at home, starting off with the GPU rigs
38:04
and then playing around with ASICS.
38:06
One of the big things that we do is we work with local plumbing
38:10
contractors, we work with local electricians.
38:13
We do this for two reasons. Number one, we're not going to
38:16
travel all around the world to install the machine in your
38:20
house. There are local experts that are
38:23
going to be able to do that a whole lot better because the
38:27
jewel cube system works very similar to boilers that are
38:31
already being used in hydronic heating systems.
38:34
So what we do is get a local hydronic plumber.
38:38
They'll be bonded within your within your area, so that's
38:42
especially important when it comes to insurance.
38:44
And they're able to install those systems in there.
38:47
What we do is we provide the project management.
38:50
We make sure that they have the right materials and are able to
38:55
work with their local distribution in order to make
38:58
sure that they're getting the right products in order to put
39:00
these in place. So if you if you take a look at
39:03
the system as a whole there, you'll see that it has that
39:06
indirect hot water tank as well as that liquid to air heat
39:11
exchanger that would be ideal for a forced air system and we'd
39:15
work with the contractors to make sure that it goes in
39:17
correctly. So each house may have its
39:20
specific metrics that you need. You might not have a force their
39:23
system to do radiant, so you don't need one of the pieces.
39:25
So, you know, it's it's pretty cookie cutter, but we look at
39:29
everybody's house a little bit differently.
39:31
And then the cube is the main thing and then it sends heat to
39:34
the indirect hot water tank. You don't have to take out your
39:37
other hot water tank. The extraction found on the
39:39
other side is if there is extra heat that you don't need, it
39:43
takes it outside and so it's a pretty easy system.
39:47
Interesting. Interesting.
39:48
Well, Nico, you're the inhouse miner or the old inhouse miner?
39:51
What's your thoughts on everything?
39:52
You got some questions? Yeah.
39:54
So when I so back in the day, back in 2016, I was making holes
40:01
on the side of my side of my house at the time to just vent
40:06
out the exhaust heat from these bad boys.
40:08
At the time, it was like, what was it as the S 9 was the
40:12
workforce. It was the IT was the big bad
40:14
boy. I I was doing the same thing.
40:18
So, but, but yeah, they were loud.
40:22
You can hear them. You know, we put them in like
40:26
the garage that was a bedroom, but we converted it into the
40:29
mining room. But you could still hear it from
40:31
the living room. I I would, I would call it the
40:34
sound of freedom, but but you know, it's interesting because
40:38
we're where where, you know in colder places.
40:44
Do you put 1 S 9 in a room and that room's gonna get hot?
40:48
Like it's gonna get real, real hot.
40:50
So I'm really interested to hear about how you guys manage to
40:54
pull off the, the noise like so it's still you know, I'm
41:00
assuming it's an ASIC, right? Yeah.
41:02
Yeah. It's immersion.
41:03
So we use what's called the dielectric fluid, and the tank
41:06
has this dielectric fluid, so it's nonconductive.
41:09
And you just put it in there. There's no noise.
41:12
It's quiet. Yeah, there's more noise and it
41:15
just works with there's a pump in the back, you can barely hear
41:18
it, right, Derek, we had it set up and that's right.
41:20
This is then there is no noise. So we fixed that.
41:23
It actually uses the same sort of technology.
41:26
I know I've mentioned hydronic heating before.
41:29
It uses the same idea as either a boiler system or a heat pump
41:36
where it pumps through the system, your heating system of
41:39
your home and then through that dry cooler which would sit
41:43
outside which works exactly like a mini split dry fan that's
41:47
currently being used in in hydronic and heat pump
41:51
installations. So that's that's where you're
41:54
able to get that very, very low noise.
41:59
And anyone that's got their air conditioner system, their mini
42:02
split outside of their home, they'll they'll be very familiar
42:05
with the same type of system that we've got here.
42:08
That man that that's, that's really, really cool.
42:10
And then you. Yeah, there we go.
42:12
Thanks Opti, for pulling that up.
42:13
OK. Interesting, interesting.
42:18
OK. So you were taught compared to,
42:21
let's say you wanted to heat your home traditionally, you
42:24
know, is this more expensive to install?
42:27
And then it, you know, and then over time it starts to become
42:31
cheaper because you made an investment.
42:33
How does this compare to heating your home traditionally?
42:37
So if you don't mind there, there are two really good things
42:41
about this. We've got our mini system which
42:44
is designed to go into either a new home or into a into a place
42:51
that is redoing their heating system.
42:53
We also have our dual cube rentals and what that's designed
42:57
to do is actually supplement your current heating system.
43:00
So if you've got a hot water tank that needs to get replaced,
43:06
the indirect hot water tank is able to do so.
43:08
If you've got a forced air system, what we would use as the
43:13
the hydronic loop in that air to water heat exchanger in order to
43:18
supplement your furnace. So this doesn't replace your
43:23
current home heating system, this this adds to it.
43:27
So that's that's one of the things that makes this system
43:29
unique. We're not asking to rebuild your
43:32
home, we're asking to make your home better.
43:35
Interesting. And the price we want to get, So
43:38
what we're trying to do is we're we're going to keep it about to
43:40
15,000, which is in line with say heat pumps or any other
43:43
systems. But the difference with this is
43:45
that you're making money with our system.
43:47
A heat pump doesn't make money, it's just the money drained.
43:50
So we're moving from things that cost you money to something that
43:54
makes you money. So 15,000 and then you're going
43:57
to add your minors, You can pick your minors.
43:58
We left that open because some people, there's different
44:01
situations where people want more or less heat.
44:04
Like I said, one of our customers just loves it.
44:05
He's going to put in eight and he's going to.
44:07
He's lives up in Ontario where it's cold and he's going to run
44:10
these guys. He's got a pool to heat up.
44:12
He's got a hot tub. His house is big.
44:14
He's going for it and he's really happy about what's what's
44:17
going to happen. And it's even though his price
44:20
point is going to be above that, he's going to be making Bitcoin
44:23
right away, and he's bullish on it.
44:25
That's awesome. Yeah.
44:26
And it kind of kills two birds with one stone, right?
44:29
No, no, we should keep that question up, Opti.
44:31
We'll get. Yeah, yeah.
44:31
I'll pull it up. So it kind of kills two birds
44:34
with one stone, right? You're using the excess heat off
44:38
these ASICS, right, That are making you money in the process,
44:41
making you Bitcoin, and then you're using that to also heat
44:45
your home, right? Which is just absolutely
44:47
beautiful. It's something unique to Bitcoin
44:49
also, right? You could make the argument,
44:52
yeah, other proof of word coins. Yeah, but that's bullshit.
44:56
Anyways, could you pull up that question from Big Sean?
45:00
Shout out Big Sean. Basketball is life.
45:03
Bitcoin is basketball. How often does the dear, I can't
45:07
say that word fluid have to be replaced slash renewed.
45:11
So that depends on what climate you're in.
45:15
But first, could you could you say that word cuz I couldn't say
45:17
it the electric dielectric. Dielectric.
45:22
Dielectric. OK, interesting.
45:24
What? What is dielectric fluid?
45:25
For anyone who doesn't know, so dielectric fluid is think of
45:29
mineral oil or another fluid that's non conductive.
45:33
So what that means is that it's, it's what gets used for
45:37
immersion cooling in systems where you're able to put your
45:41
minor in that liquid and then it's and then it won't short out
45:47
your machines. So obviously if you dumped your
45:50
minor in in water, just like if you did with your toaster, that
45:55
minor is not going to work. Again, when you have it in a
45:58
dielectric fluid, it's able to cycle through heat exchanger,
46:03
cool off the minor and keep the minor working.
46:06
And that's important to and to answer the question, I would say
46:09
maybe every 10 years. And it depends on how like if
46:13
you put dirty machines in there, like you want your machines
46:15
clean before you put them in. But yeah, I would say not even
46:19
up to 10 years. It doesn't really have a life
46:21
cycle and we're not that far out.
46:24
I mean lots of the big data centers, they just leave the
46:27
dielectric fluid in forever. It doesn't really have.
46:30
It doesn't deteriorate. It's in a contained in a
46:33
contained. Container, so dust can't get in,
46:38
There's no, you know, nothing can change it.
46:42
And the other thing about the dielectric fluid is that we can
46:44
control the heat. So the miners are running at an
46:46
optimum tension, optimum temperature and that allows them
46:50
to, we can overclock them, they last longer, they stay cleaner.
46:54
It's just a really great system and they use it in big data
46:56
centers all the time anyway. Very.
46:59
Very cool. Okay, one last question before
47:01
we move on. We're.
47:01
Not trying to run out of time. We're not moving on.
47:03
We're just doing numbers, culture and then we're gonna go
47:07
to memes, to. End Okay.
47:09
All right. All right.
47:09
Well, I have a question. There were some questions about
47:12
maybe doing this in Germany. Are you guys just in Canada?
47:15
Like what are you guys trying to expand?
47:17
Like, what's the deal here? Yeah, so we're the R&D, the
47:20
research both there and Derek and our Canadian and we the the
47:23
original research and development done by myself and
47:25
then Derek and I got on on working together.
47:28
But our expansion plan is down into United States and if you
47:31
look at our website we've got a really great guy down there.
47:34
His name is Maury Rubin and he's just a a great guy that knows
47:38
how to start and run companies, bigger companies, I.
47:43
I'm not. I'm not down in the US So he
47:45
he's our partner down there and that's going to be our biggest
47:49
market. We we like Canada of course
47:50
we're going to sell them up here.
47:52
But we're already in the process of setting up a US corporation
47:55
with Maury, and we're soon going to be able to offer the Mini
48:01
Mine series and the Mac the Zoo Cube.
48:04
Sorry Ju Cube series to America to to you guys down in the US
48:10
very soon. Because we're we're we, we don't
48:13
want anybody to miss the 6.25 and get your stuff in before the
48:17
halving. That's kind of what we're
48:18
pushing for. So the sooner you get your stuff
48:20
up and running, the more Sats you're going to be able to
48:23
stack. OK, so if if someone is
48:27
interested in this and they live in a cold part of the world,
48:29
right, you know, live in Canada or like North North America, you
48:34
know the northern states, they have harsh winters or you live
48:37
in Colorado and whatnot. How?
48:40
What's the process of getting this installed?
48:42
Do you need, does a tech go out there?
48:45
Does it do it yourself? What is it?
48:48
You know, what's the process of doing this?
48:50
And then also, how much does it cost?
48:53
I know there's a Max version and then there's the What are the
48:56
two products that you guys offer?
49:00
Okay. So you go to our website and
49:03
there's a form where you fill out and you go, hey, I'm
49:06
interested in a Joule cube. And so then we get that
49:09
information, we'll connect with you.
49:11
Each house is slightly different.
49:12
So depending on the size of the house, we'll recommend what you
49:14
want to when you get in there. And then basically Derek and
49:17
I've got it set up, we put the package together, we we deliver
49:20
it to you, gets on your front door.
49:23
At the same time, there's a plumber and electrician that
49:25
we've got ready for you and they go into the house and they.
49:29
You know, we we've got pictures of your basement.
49:31
We know where everything's going to go and simply they install
49:35
it. Derek and I will be the guys at
49:36
the very beginning who will oversee everything to make sure
49:38
there's no issues. And for the price point, like I
49:41
said, we're trying to keep the Jew Jew Cube miniseries, about
49:45
15,000 and there are also ways to finance it.
49:50
You can do a HELOC, which is a home equity loan, or there's
49:53
other financing options so you don't have to put all the money
49:55
up up front. And then the miners on top of
49:57
that, if you buy the XP's, they're pretty expensive.
50:00
I think they're what, 3200 right now, Derek.
50:03
So you're talking, you know, $22,000 price point to get in.
50:07
But like I say, once you plug that in, you're making bitcoins
50:11
and you're making money and your electrical costs are going to be
50:14
paid and there's money left over at the end of the month.
50:17
So it's a it's pretty sweet system.
50:20
Yeah. So and one of the parts about
50:22
it, we do work with local contractors.
50:25
So the idea is even though this is going in your home, we
50:29
actually say don't try this at home, right, Because you know I
50:33
I'm sure Nico, you mentioned that you did a lot of mining at
50:36
home. I did as well and I I certainly
50:40
made a lot of mistakes as as we started out, I know a lot of
50:43
people who who have done minors at their home that did their own
50:47
DIY project and it turned out to not work out very well for them.
50:52
That's the big reason why with this being a hydronic system, we
50:56
work with local contractors who are professionally bonded.
51:00
So that's that's one of the biggest things about that.
51:03
On the electrical side, again we work with local electrical
51:06
contractors who are bonded and one of the big things when you
51:10
fill out our form that you're looking for a jewel cube in your
51:15
in your home, we'll coordinate with you in project management.
51:19
That and then what we will do is actually audition the
51:22
contractors in your area who are able to perform that work.
51:26
And that's, that's more than anything is to make sure that
51:30
you're getting not just the right equipment and the right
51:33
process, but the right installation in order to make
51:36
sure that this works. And then there's a website too.
51:39
There's the educational component.
51:41
Lots of people don't know that much about bitcoins, so we help
51:43
them set up a wallet. There's a variety of products
51:47
out there of really good guys, like a coin kite where you can
51:50
get a card, just a card. You don't even have to deal with
51:52
bitcoins. We want people to take custody
51:55
of their bitcoins so they're not putting up on an FTX exchange
51:58
and getting ripped off. So you know, we provide that
52:00
educational process there too. One of the other things that we
52:03
do is we can scale this so we also have the Geo cube Max
52:07
series. And so that can go for like
52:09
greenhouses, industrial buildings, hotels, anything with
52:14
large swimming pools. And in just instead of like
52:16
these tanks with four or eight miners in there, we have larger
52:20
ones that have 24 or 48 and we can produce up to 800,000 BTU
52:25
and heat a whole hotel and make money and lower the carbon
52:29
footprint just like you would for a house.
52:30
So it's very scalable. The other thing about the the
52:34
Jewel Cube series is what I would like to see is the more
52:37
people that are on board like just say you had 10,000 houses
52:40
and everybody was mining, you could have your own pool.
52:44
We will we will collectively become stronger and stronger as
52:47
a group. If you can imagine 100,000
52:50
people say in North America that had a jewel cube installed in
52:53
their house and they were running 400 Terra hash, that's a
52:56
pretty big chunk you know that of of people that would be the
53:00
benefiting from Bitcoin. Yeah.
53:02
And it's decentralized hash rate.
53:04
Now, one of the things that I ran into when I was mining at
53:08
home was the actual electrical capacity of my home, right?
53:13
So do you need to make any changes to that specifically?
53:17
Yeah, you do. And actually I think that
53:19
someone had a question in your chat.
53:23
What's needed in there? Usually for for typical Mini you
53:28
do need 220 amp outlets. It is at 240 volts.
53:32
Chances are if it's in a normal home, you're probably going to
53:36
need your electrician to come in and do an upgrade on there.
53:39
That's something that again we we make sure that we work with
53:43
local bonded contractors in order to ensure that's that's
53:46
done properly. It's not that big of a deal.
53:48
I want everybody to understand that he's going to put in two or
53:51
three or four different Breakers with slightly more amperes, like
53:54
25 amps. So it's not a big deal and he's
53:56
just going to bring the power to wherever the dual cubes going to
53:59
be. So not a big deal.
54:02
Gotcha. Interesting.
54:03
Well, man, you guys are really contributing to the
54:07
decentralization of the Bitcoin network, and that's awesome.
54:10
And also people are able to not freeze to death and make some
54:13
sats along the way, so that's pretty cool.
54:17
And if you guys want to check out their website Opti, could
54:20
you pull it up please? The website?
54:23
Yeah. One second.
54:24
And actually I want to quickly answer one other question I saw
54:26
on there about minor interchangeability.
54:30
Like I said, we've been talking about the Ant minors that we're
54:32
using now. We've used What's minors as
54:35
well. We've used actually we we stuck
54:40
so far with the minors and the What's minors at this point.
54:44
However, one of the nice things about this system is that it is
54:48
designed not for particular minors but to be able to hold as
54:54
many types of minors as possible.
54:56
So as as we scale up, as more minors become available, what
55:01
we're going to make sure is that we have the specific immersion
55:04
tanks available for any type of minors that that our clients
55:08
will be. Very, very cool.
55:10
All right, guys. We're one last comment is, I
55:13
just want to mention that we're green, right?
55:15
The more we can move people off fossil fuels, which is what the
55:18
what the governments want everybody to do.
55:20
We're helping out with that movement too.
55:22
So we're using more electricity, but we're lowering your carbon
55:25
footprint. Awesome.
55:26
Very, very, very cool. All right, everybody.
55:29
Before we move on to the meme section, I want to give a shout
55:33
out to one of our sponsors, Bitcoin Evangelism.
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It's a book. You have to get it.
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56:47
All right, everybody, let's review some memes.
56:51
The Daily Meme Review brought to you by Kaboom Racks.
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57:18
Kaboom Rax. All right guys, you already know
57:21
the deal. This is the meme review where
57:23
you guys tag us on Twitter, simply Bitcoin TV or my personal
57:26
account optimist field and I will bring your memes on the
57:31
show. Also you can drop them in our
57:32
telegram group T dot me slash simply Bitcoin.
57:35
And again I look in there and find the memes but give me the
57:38
tweets. I want to give you guys credit.
57:39
So anyways, tweets are the bullets, memes are the artillery
57:43
continue to spread the signal. Continue to get the calls of
57:46
actions out there. Anyways, this 1st meme is by a
57:49
friend of the show at Cher Force under score BTC.
57:52
It's a very simple meme, but I think it's a very powerful meme,
57:55
especially to everyone out there wondering how much Bitcoin they
57:57
should own. This is what you need to do
58:00
anyways, Chair Force. There's a little arrow that's
58:02
pointing to his avatar or his Twitter account.
58:04
It goes, this person won't be selling their Bitcoin to
58:07
BlackRock. And then there's another arrow
58:09
pointing down to the comments section.
58:10
It goes and neither will these people shouts at the Chair
58:14
Force. OK, this next name is by Lena
58:16
Seashain. She goes monetary policy.
58:19
And it's a little Hottler comic, obviously.
58:21
And it goes, it's time to plan our monetary policies for the
58:24
coming months. And we got Bitcoin logo here.
58:27
You know the little Hottler Bitcoin he's just chilling at.
58:29
The beach drinking a Margarita or Mai Tai and it goes same old
58:33
monetary policy. The block reward is 6.25 BTC
58:36
until next having which is at block height 840,000.
58:40
And then we got the US dollar down here.
58:42
How about the US dollar? What is their monetary policy?
58:44
And look at the craziness of quantitative easing and all the
58:48
different mathematical mental gymnastics and the burring going
58:51
on, and the inflation relief packages and the interest rates.
58:56
And it's the dollar. Just saying I I don't.
58:59
I don't know what the monetary policy is going to be.
59:01
Imagine not knowing your monetary policy just couldn't be
59:04
me. Can't relate.
59:05
Anyways this next one you you guys know how I love the zoomer.
59:08
Zoomer memes where they make anything that is relevant and
59:12
current and then they made make the zoomer twist on it.
59:14
Well, we played you guys the song last week of the What's it
59:18
N What's it? What's the song?
59:21
Richmond north of Richmond. OK and this is Rothmus and we
59:24
got a picture of the guy, Oliver Anthony, the the artists
59:29
singing. But it's got the zoomer twist
59:31
for you zoomers out there and it goes dead ass because your
59:34
dollar is mid, no cap and taxes are big.
59:36
Yikes. Sorry.
59:39
This one I like. That's the ones that make make
59:41
me laugh And he goes sorry. Anyways, this next one is Maxi's
59:43
club and I saw this one. Obviously Maxi's Club is killing
59:48
it, but it's really reminded me and it's a real throwback to
59:51
American Huddle Story. I'm sure you guys have heard it
59:54
and we even brought up 6.15 on today's show.
59:56
So if you know, you know. Anyways, we got a family of
59:59
bitcoiners. You know we got you the Bitcoin
1:00:01
Chad with his wife and two kids, and it goes when you sold a
1:00:06
family car to buy more bitcoins and you're driving your whole
1:00:09
family on a scooter. This is what everyone is doing
1:00:12
right now to try to get as much Bitcoin as possible.
1:00:16
OK, next meme is by having Party MF on Twitter, and it's the
1:00:19
classic Lisa Simpson's meme where she's got the white board
1:00:24
and she's yelling at everyone in the audience.
1:00:26
And it goes. There are people who are afraid
1:00:28
to buy the dip at 2026 K but still think they'd have bought
1:00:32
Bitcoin at $10 in 2011. Guys, this is the best time to
1:00:36
be buying Bitcoin. I know we all wish we were
1:00:37
buying Bitcoin when it was cheaper but by today when blood
1:00:40
is on the streets and I think we're I don't know whatever I
1:00:44
think we're under 26 right now but who knows whatever just keep
1:00:47
buying keep buying. This next meme is by the BTC
1:00:50
therapist and he goes just keep buying Bitcoin.
1:00:52
Look we're even on sync and it goes the media.
1:00:54
Bitcoin crashed 10% and then it goes Bitcoin is down 50% already
1:00:59
and it's a joker walking phoenix as a joker and the Bitcoin
1:01:02
logger and it goes, I feel nothing.
1:01:04
I'm still stacking this is the way and I'm actually going hard
1:01:07
on the joker memes today And we got Bitcoin aider on Twitter and
1:01:10
you go, the real Bitcoin is laugh all the time And we got
1:01:14
the joker here hysterically laughing and giving out his
1:01:18
little card about his laughter. If you've seen the movie you
1:01:20
know you know the reference and it goes, please forgive my
1:01:22
laughter but the people are selling the Bitcoin dip.
1:01:26
Absolutely couldn't be me can't relate.
1:01:28
What are you doing? Keep stacking Bitcoin.
1:01:30
This is the way. OK guys drop your meme review
1:01:33
score over there the other side and we will cover them live.
1:01:37
OK, my meme review score today is my almost finish Dr.
1:01:43
Bronner's Lavender Soap. If you know, you know this is
1:01:47
the best soap in the world. Period.
1:01:49
All right, Nico, go. I got I got myself two made exes
1:01:54
over the weekend and they came with stickers, so I'm going to
1:01:58
be showing those off. What are the What are the art
1:02:07
pieces? This one is tax is extortion.
1:02:01
Your government is stealing from you.
1:02:02
Inflation is theft. Whoo, that's spicy.
1:02:08
Are those going to be scores later?
1:02:10
Those are gonna be scores. Those are gonna be scores.
1:02:12
Doesn't be scores anyways. Derek, what's your mean?
1:02:16
My meme score. I've got my orange pill energy
1:02:19
drink for the morning, making sure that I'm staying awake
1:02:23
throughout the day and keeping productive.
1:02:25
So it's. I love that.
1:02:27
Well, I'm glad you clarified because I know Chris asked you,
1:02:30
but someone asked it in the chat as well as like, wait, you're
1:02:33
drinking a beer on the show now? It's an energy drink, guys.
1:02:35
It's an energy drink. I just just kind of flashed up
1:02:38
and I couldn't see it there for. Second all right?
1:02:42
I'll have the beer next time, don't worry.
1:02:44
Okay, here's mine. This is an original Bitcoin that
1:02:49
I bought in 2015, 2014. I don't remember the guy that
1:02:55
made it and it was .5 of Bitcoin on the back there and.
1:03:02
Yeah. Yeah, yeah.
1:03:02
This is a little treasure that I keep on my desk to look at it
1:03:05
all the time to remind me to stay in the Bitcoin realm.
1:03:10
Oh, I love that. Absolutely bullish.
1:03:12
All right, guys, drop your meme scores in the live chat and
1:03:14
we'll get to some of them first. By Elaine, score the answer, to
1:03:19
quote. How many?
1:03:20
As much as you can get. Absolutely, this is the way.
1:03:23
This is the way. This is how you do it Hammer
1:03:26
saw. I saw these scores.
1:03:27
More exit liquidity, LOL. Are you going to be covering
1:03:31
finance, Nico, the actual liquidity?
1:03:34
Norwell, Norwell, Tacos. I give the memes my signed copy
1:03:37
of The Little Hot Dude. There is so much shit coinery
1:03:40
going on that I'm just saving it all for tomorrow.
1:03:42
Like the world Some Reuters just broke over the weekend.
1:03:47
Like World Coin wants to give ID's to governments.
1:03:50
Like, it's so nice. There's so much shit to cover.
1:03:53
We'll get to it. Phil C says I give the memes the
1:03:57
day when America has a Javier Meli.
1:04:00
America already had one. It's called.
1:04:01
He's called Ron Paul by the way. I think it was just his birthday
1:04:04
recently. Apollo 21.
1:04:06
I gave the memes a four pack of Are you Vedic meant are you
1:04:12
Vedic? Make two is very specific, bro.
1:04:14
I'm sure it's delicious. Big Sean Harris.
1:04:16
I give the memes an inflation target of 0%.
1:04:19
That's impossible. All right, next one by every day
1:04:23
walking with Christ as I give the memes my new MK4 bot with a
1:04:27
tone discount. OK, I like it.
1:04:30
I like it. Next score by Matthew Ji.
1:04:34
Give the memes the Bitcoin hat that I've been asking for about
1:04:37
a week. All right, I'll clarify.
1:04:39
We haven't printed the new batch.
1:04:41
Our store is going to get released pretty soon.
1:04:44
We will get you a batch of Bitcoin hat soon.
1:04:47
Just just bear with us, Matthew. Really appreciate it.
1:04:50
All right. Yes, we are dropping you merch
1:04:52
very, very soon. Scoring the memes.
1:04:54
One fire article from simply Bitcoin this morning.
1:04:56
Accept your sovereignty. Well done.
1:05:02
All right, you're out of time. That's the buzzer.
1:05:05
Wait, wait, Chair force, you did miss the memes.
1:05:07
You're literally 2 minutes late and.
1:05:09
You were. You were featured in the memes.
1:05:11
All right, everybody. Thank you so much for tuning
1:05:13
into another episode of Simply Bitcoin Live.
1:05:16
I'm your host. Nico is my cohost Opti.
1:05:18
I want to thank our very special guests, Derek and Chris, thank
1:05:21
you so much for joining us today.
1:05:24
Why don't you tell everybody where they can find your guys
1:05:27
projects on the interwebs one more time?
1:05:30
Yeah, so please go to www.port.com.
1:05:33
You'll find everything there. Get in touch with us.
1:05:35
We're more than willing to help out.
1:05:37
Awesome. All right.
1:05:38
Gentlemen, thank you so much for joining us on the show today.
1:05:41
Appreciate y'all. Guys, if you enjoyed the show,
1:05:43
you know what to do. Smash that like button.
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1:06:15
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1:06:17
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1:06:19
Peace out, y'all.