Latest / Simply Bitcoin / BREAKING: Bitcoin Declared a Federal Emergency | EP 917

Transcript

BREAKING: Bitcoin Declared a Federal Emergency | EP 917 · Simply Bitcoin

• 0:03
  It's. All going to zero against
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  Bitcoin. It's going on forever.
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  You're against Bitcoin. You're against freedom.
• 0:20
  Yeah. Welcome to another episode of
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  Simply Bitcoin Live. We're your number one source for
• 0:23
  the peaceful Bitcoin revolution. Cover breaking news.
• 0:26
  Culture. Matic warfare.
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  We will be your guide through the separation of money and
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  state. So many things happened
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  yesterday. Election interference.
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  But it's interesting, right? They're attacking Naimbu Kele.
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  They're attacking the government of El Salvador.
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  Mind you, this is a government. Naimbu Kele has a 90% approval
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  rating. He's the most popular president
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  in the Americas. But that doesn't stop some
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  people in the US government to send these letters saying that
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  basically Naimbu Kelly is somehow a threat to democracy.
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  I think they're scared of what Naimbu Kelly is doing over
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  there. I think it makes them look bad,
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  and I think that's really what it's about.
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  Also Biden declares a Federal Emergency because of Bitcoin
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  miners because Bitcoin miners are using too much energy.
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  I'll, I'll get to it. Pierre Rashard covered the
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  topic. Marty Bent wrote an incredible
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  article. So we're going to get to all
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  that today. It's going to be a great show.
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  And we also have a very special announcement.
• 1:25
  Simply Bitcoins new flagship sponsor.
• 1:28
  It's an honor. It's a really humble and honored
• 1:31
  to say that it's the Bitcoin. Well they are a publicly traded
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  company established in 2013 and they just recently went live in
• 1:39
  all 50 states. Now what's awesome about the
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  Bitcoin Well is that they have self custody by default and that
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  separation of money and state. So really excited about today's
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  show and of course I have my legendary Co host and the
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  founder and CEO of Bitcoin well trying to talk about self
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  custody by default because you know, that's that's interesting,
• 2:03
  That's an interesting way to tackle very difficult problem,
• 2:06
  right. So how you doing, Adam?
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  Yeah man, I'm good. I'm I'm still looking forward to
• 2:11
  working with with you guys. But I think more than you guys,
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  the simply Bitcoin community man, this is you know, we're
• 2:18
  gonna shape the way that this self custody platform is built
• 2:22
  and and looking forward to to building. 100 percent, 100%.
• 2:27
  And another thing also guys, is because this platform, because
• 2:31
  Bitcoin, well, just migrated to the US, they wanna hear your
• 2:34
  feedback, they want you to get involved, right?
• 2:36
  So there's any questions or concerns you guys have about the
• 2:39
  platform dropping in the comments or send Adam a DM.
• 2:43
  I warned him that his DMS are gonna get flooded.
• 2:46
  So help us build it. Help us build it together as a
• 2:48
  community. What is the ideal Bitcoin
• 2:51
  platform that you you guys would like to see?
• 2:53
  What is it? What is it that you have in
• 2:55
  mind? Let us know and you know Adam
• 2:58
  and the the Bitcoin Well crew will help manifest that into
• 3:02
  reality. But what I'm so stoked about is
• 3:04
  the self custody by default. I I think I told you the story
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  Adam, right? I I met with my parents.
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  My parents have been bitcoiners with like with me since 2016.
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  You know, their stuff is in cold storage.
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  It's not moving. But one of the things I
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  realized, you know, every time I meet with them is I function as
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  tech support. Seriously.
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  Like, I'm like literally tech support.
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  And I realized I'm like their stuff is in cold storage.
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  But if anything, like, you know, if anything happens to me, like
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  you know, they're screwed. Like we really need to push this
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  self custody aspect. We really need to push this,
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  this education. I think the way that you do that
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  is by self custody by default because that essentially becomes
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  like a forcing function. It makes people learn personal
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  responsibility and makes people learn OK, I have to write down
• 3:52
  1224 words, properly secure my seed words, get myself a
• 3:57
  hardware wallet. It makes them do that right and
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  I think that people need to do that.
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  Listen, if you could take care of a child, if you can cook a
• 4:04
  steak, you could take Bitcoin into self custody.
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  That's my you can drive a. Car If you know a telephone
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  number you can self custody. That's that's literally my
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  argument. I was on Ben's show like over a
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  year ago, and I referred it back to like the fact that humans are
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  pretty good at just generally living.
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  We figured out how to like, not defecate in the streets.
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  We figured out how to turn on light switches and and get
• 4:29
  dressed in the morning. Surely we can figure out how to
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  secure the most important and best asset this planet has ever
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  seen. And and I think it's important,
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  but honestly it starts with like it starts with what you said the
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  education behind it and it starts with people people
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  understanding that it's it's not just something that we can throw
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  to a newcomer or no coiner and say figure it out.
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  You know it starts with the community building in and and
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  understanding that teaching people how to self custody is
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  often the most important step in their Bitcoin journey.
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  It's not getting them onto the Bitcoin journey, it's getting
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  them onto the right Bitcoin journey and it's self custody
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  all the way. 100 percent, 100%. Another thing also a little bit
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  about Bitcoin, well, you guys were established in 2013 is you
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  guys have been around the block. You guys have been here a
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  minute, man. Very well established.
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  Yeah, we were. We started with Bitcoin ATMs.
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  Like, the original story is hilarious.
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  It's just completely, you know, bootstrapped from passion.
• 5:28
  Bitcoin ATMs for me was the was the fastest way to get into this
• 5:32
  industry. We grew up a little network of
• 5:34
  Bitcoin ATMs in Western Canada, expanded out to Eastern Canada
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  and then last year in or I guess 2022 in Canada we launched a non
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  custodial, fully non custodial Bitcoin platform up here in
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  Canada where the fastest and safest platform in Canada.
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  And then yeah, I mean as of I think as of 36 hours ago we are
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  live across 50 states in in the USA and and still bring that
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  same energy, that same non custodial, that same non
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  custodial principles behind our mission which is just to enable
• 6:06
  independence. We want people to be
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  independent, we want to create sovereign individuals and help
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  people be sovereign in their Bitcoin journey.
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  So super stoked, man. 100% and I think the signal there really is
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  the the, the non custodial aspect because we say this all
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  the time, right guys? The revolution.
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  If enough people take self custody we win and there's
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  absolutely nothing they can do about it.
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  And revolution is self custody. And the fact that it's self
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  custody by default there is no option.
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  Again, it creates this, this forcing function.
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  But it's a good forcing function 'cause it makes people learn,
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  right? Remember guys, not your keys,
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  not your cheese. Wait.
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  Wait, wait, wait, wait. Before we move, can we just
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  reframe Klaus Schwab, the meme? You will own nothing and be
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  happy. No guys, you will self custody
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  Bitcoin and be happy. Your own.
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  Your own. Your own Bitcoin and self
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  custody and be happy. There we go.
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  That's the meme. That's the meme anyways, guys,
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  it's going to be an incredible show.
• 7:02
  Let's jump straight into the numbers.
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  We have a lot to talk about today.
• 7:05
  Let's check it out. Here we go, The Bitcoin numbers.
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  of recording. The Bitcoin price is 42,985.
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  Stats Per Dollar 2326 Block Height 828,408 Blocks to having
• 8:29
  11,500, 92 having estimate April 20th, 2024 Total lightning
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  network capacity 4937 Bitcoin capacity Value 212 million U.S.
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  capitalization of Bitcoin $845 billion Bitcoin versus gold
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  market cap 6.14% In the grand scheme of things Bitcoin is
• 8:54
  still baby. Anyways I was telling you guys
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  about, you know the these this crazy political atmosphere here
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  and that's really what I want to address.
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  This is nuts. This is projection in my
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  opinion. Here is AUS Representative
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  Missus Omar and she said this yesterday and she she already
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  got community noted. But she said I LED members of
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  Congress in sending a letter to Secretary Blinkland urging
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  actions on threats to democracy in El Salvador.
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  The State Department must review its relationship with El
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  Salvador and defend democratic values.
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  The Salvadorian people deserve free and fair elections without
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  fear of repression and the community, the community note
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  says. The president of El Salvador
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  democratically won the elections in 2019.
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  And then he goes on to say his party obtained democratically a
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  majority in the Legislative Assembly, Assembly.
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  The third thing it says a president can be reelected in El
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  Salvador if in the six months prior to taking office, he was
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  not in charge. OK, so let's go through some of
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  the comments because I think the comments really, really, really
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  address everything. So first, Stacey Herbert.
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  So you see, Herbert is part of the Bitcoin office down in El
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  Salvador. Her and Max Kaiser are doing
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  Satoshi's work. And she says, how exactly do you
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  define democracy? The will of the people is all
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  that matters. It is their inalienable right to
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  self determination. The people of El Salvador
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  support President Bukhali and do not want to return to the
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  plunder, mayhem and murder of the previous era.
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  Dylan Leclaire says you need to go back now.
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  I'm a of a political junkie. And ladies and gentlemen, when
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  they say democracy, what they actually mean is collectivism.
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  When they say democracy, they mean communism.
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  That's not what they they don't actually mean democracy.
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  If you look at it from that lens, it's all starts to make
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  sense and you won't be able to Unsee it.
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  Now that I pointed it out, by the way, here is Walker.
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  America says the Democratic urge to interfere in foreign
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  elections, right? Here's some of the letter.
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  It's pretty long, so I don't know if I'm going to read all of
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  it. But it goes on to say, dear
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  Secretary Blinkland, we are writing to express our
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  significant concerns regarding Democratic blacks, Democratic
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  backsliding, and an increase in reports of human rights
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  violations in El Salvador. These concerns are especially
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  pressing with elections planned for early next month, in which
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  the incumbent President, Naim Bukele, is running for an
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  unconstitutional second term. OK, so right, I talked about
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  this idea of projection. So let's actually look at the
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  data. Let's actually look at the
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  numbers. This is Naimbu Kele's polls,
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  approval polls, They're all in the 90s.
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  The lowest one isn't even in the 70s, it's in the low 80s right
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  Now let's compare that with the President of the United States,
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  the current administration 38% approval rating.
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  Now I wonder why they have such a problem with El Salvador.
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  I mean, I think Naimbukele perfectly addressed it here.
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  The video is in Spanish. It has subtitles.
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  I will translate it as it goes. So here's Naimbukele.
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  Let me do it at one times the speed because I'm going to
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  translate El Salvador. Where did they get this sudden
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  love for El Salvador? Up until recently, they couldn't
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  even find it on the map. All of a sudden, these last
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  three years, they've they've all grown concerned.
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  Where were they before? Where?
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  Were they when the parties in the corner recruited children
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  and forced them to kill the previous?
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  They recruited children to go and kill.
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  We're giving them computers and laptops.
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  El. Salvador is a free and
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  sovereignty. We make our own decisions let
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  that be clear to the world over. We want to have good relations
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  with we want to be allies and friends, partners but truly
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  friends, allies, partners but not a Colonie oh God yeah.
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  Look I think it boils down to this and and just to kind of
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  give a little bit of of of a back story ladies and gentlemen
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  because look I'm I'm originally I'm from I'm from Latin America.
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  I'm from Venezuela. I find it extremely racist and
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  insulting when, you know the US, one of the most powerful
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  countries in the world, is essentially lecturing this small
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  Central American nation, which suffered 30 years of civil war,
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  and they elected a president that brought down the murder
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  rate to the point that El Salvador is safer than some U.S.
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  cities. The guy's incredibly popular,
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  which is like the definition of democracy, right?
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  And they're attacking. And what I really think it's all
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  about is I think it's projection.
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  Here's Lena Sesh. And she created a meme and
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  Naimbu Kele just with the dagger.
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  I think the United States should have fair, free and fair
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  elections, and I'll get to that in a second, right?
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  But here's the meme. Like authoritarian, millennial
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  dictator, democratic backsliding, democratic
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  blacksliding, Naim Bukele grabs a mirror and points it right
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  back. And now I'm going to get into
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  the the projection, the projection aspect of it.
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  Remember to remember Senator Bob Mendez, who you know, was
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  accusing El Salvador for accusing Naim Bukele of
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  corruption. Then he was discovered that he
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  was accepting gold bars as bribes.
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  Remember the fact that whatever your political beliefs are, this
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  is just a fact that currently in the United States, the leading
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  presidential opponent for the opposing party is currently
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  being prosecuted in multiple states.
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  There's been a state that even actually took him off the
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  ballot. So I find it whatever you feel
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  about, you know, Trump or Biden, that's just a fact, right?
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  So however you feel about democracy and being lectured
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  about democracy, I don't think the US has exactly the best,
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  best place to talk from, right? And I think this has nothing to
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  do with democracy, because they didn't even care about El
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  Salvador before the Bitcoin law. They didn't care about the
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  homicide rate, the murders. I knew about them, but they
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  didn't care about that. The moment that El Salvador made
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  Bitcoin legal tender, the moment that a politician started doing
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  the things that he was democratically elected to do,
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  was when all of a sudden El Salvador started popping up on
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  the map. And you know what that tells me
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  is that Naimbu Kelly and El Salvador is over the target.
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  And when you're over the target, that is when Flack is the
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  heaviest. Just like Caviar Miley.
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  The media attacked him like crazy.
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  They called him a fascist. They called him a dictator.
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  You heard that speech that he made in Davos.
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  It was a historical speech. Governments no longer need to
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  control the means of production when they can just print money
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  instead. And that's what's really that is
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  what this is really about, is that they're losing their
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  control on the truth, and they're freaking out.
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  And when Naimbu Kelly shows to the rest of the world is that
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  there is another way, and not only is there another way, that
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  way happens to be better too. And that makes a lot of people
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  look like fools. And that's what it's about.
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  That's what it's always been about.
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  So this whole thing where it's like this dude is a threat to
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  democracy. You know what I think is a
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  threat to democracy? Trying to interfere in foreign
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  elections because you don't like the politician in charge.
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  I think that's a bigger threat to democracy.
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  So the ladies and gentlemen, this means we're winning.
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  But it also has me a little bit worried because how long until,
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  you know, El Salvador needs some freedom if you guys understand
• 17:23
  the Iraq War reference. So anyways, I want to get Adam's
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  take on this and then OPTI. Yeah man, separation of money
• 17:30
  and state that's the that's the that's what has to happen.
• 17:34
  I mean we watched the separation of church and state couple
• 17:37
  centuries ago and and that was a net benefit for society.
• 17:40
  When when there's that much centralization of power inside
• 17:45
  of people who are only incentivized and and and only
• 17:50
  able to benefit by literally pounding and and diminishing
• 17:56
  their people, something has to change.
• 17:58
  And you're right, the power comes from the power comes from
• 18:01
  the money. That's why Bitcoin is the
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  answer. I saw a comment someone saying
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  this has nothing to do with Bitcoin, this has everything to
• 18:06
  do with Bitcoin because if you remove the money from the
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  political equation, politics dies and it truly becomes a
• 18:14
  message for the people by the people with someone in charge
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  set to lead it. I don't think it's a surprise
• 18:21
  that these these kind of third world countries these countries
• 18:25
  that are not well off are flocking to Bitcoin.
• 18:28
  I mean time and time again I just saw last week there was a
• 18:32
  there was a an African Bitcoin conference and they they didn't
• 18:36
  even have energy infrastructure over in Africa And and these
• 18:41
  people are are are flocking in droves to Bitcoin understanding
• 18:44
  the value proposition that sound money can bring to these
• 18:47
  communities that where the government is either corrupt or
• 18:50
  is not keen on on on helping them And so it has everything to
• 18:55
  do with Bitcoin. It has everything to do with
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  removing the power from the state because to your point Nico
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  when the government can print money they can print power and
• 19:03
  and that's just physics like that's that's when you have
• 19:07
  something that resembles value but is not backed by value you
• 19:11
  have short term power and that's all these politicians care about
• 19:14
  is short term power. I mean they live and thrive in
• 19:18
  this four year voting cycle. It's it's it's brutal and I
• 19:21
  think it has everything to do with Bitcoin, has everything to
• 19:24
  do with us, the people owning and controlling our own Bitcoin.
• 19:29
  100% And I think that that you hit the nail on the head it's
• 19:32
  they have a problem with people controlling their own destiny
• 19:36
  and I think that's really what it comes down to and and and of
• 19:40
  course they're gonna use everything in their power and
• 19:42
  we've seen this theme repeat itself over and over again.
• 19:47
  You know Bitcoin, that's the next thing that's coming.
• 19:49
  By the way. Bitcoin's a threat to democracy.
• 19:52
  But no. You've seen this over and over
• 19:54
  again. Money laundering, terrorism like
• 19:56
  basically anything that sticks. Right.
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  Naimbu Kele is a dictator. He's a threat to democracy.
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  But what I've come to realize is that and and I and I and I, you
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  know, and I coined this term a couple weeks ago and I've
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  stopped saying it, but I should start saying it again, which is
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  the idea of. The iron law of central banker
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  and politician projection, they project onto US what it is they
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  are guilty of themselves. And I really think it just boils
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  down to that. So anytime you see, you know,
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  these representatives, these people attacking El Salvador,
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  what are their approval ratings? What have they done?
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  I know what Naimbu Kelly has done.
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  You know how hard it is to get 90% approval rating as a
• 20:33
  politician. I was taking a look at some
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  television coming out of Chile and they were going after, they
• 20:39
  were going through the polls. The the other political
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  candidates, if you Add all their polling data together, they
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  don't even amount to 10% of the vote.
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  That's how popular this guy is in El Salvador.
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  You don't become that popular unless you're doing good by
• 20:55
  their, by your people. So they can accuse people, El
• 20:59
  Salvador, of human rights violations.
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  They could accuse El Salvador of everything they want, but they
• 21:04
  don't mention democracy because democracy literally means the
• 21:08
  will of the people, and the will of the people is clear.
• 21:10
  They like this guy's policies, Full stop.
• 21:14
  Anyways, Opti, what's your take on all this, brother?
• 21:17
  Yeah. Well, when I saw this tweet, I
• 21:19
  was like, kind of surprised. I'm like, what?
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  What does she even care about El Salvador?
• 21:23
  Like, why is she tweeting about El Salvador?
• 21:26
  I read the letter and it was like, it's like you said, you
• 21:28
  know, the projection here is very strong and it just goes to
• 21:31
  show that they'll use anything to push their political favor.
• 21:37
  And it's just it's absolutely incredible that anyone in
• 21:39
  America cares what El Salvador is doing.
• 21:42
  Again, I did do a little not deep dive, like a very quick
• 21:46
  dive on, I don't even know how to say your name, Ilhan Omar's
• 21:51
  approval rating. And I think very favorably it's
• 21:55
  at like 11%. Like that doesn't even compare
• 21:58
  to naive Buchali's 90%. Like if we're talking about
• 22:01
  approval ratings and who, you know, the citizens want in in
• 22:04
  their positions, like she, I don't think she has, you know, a
• 22:08
  platform to stand on like most people in her jurisdiction don't
• 22:12
  even like her. And she's out here projecting
• 22:15
  onto naive bucale about, you know, this is a danger to
• 22:19
  democracy. And you know, right now, as I'm
• 22:21
  talking, remember, I think it was last year or two years ago
• 22:25
  when we saw that clip from like 40 different news stations
• 22:28
  around the world saying this is a danger to democracy.
• 22:31
  And they're all saying the exact same thing.
• 22:33
  And and this is just another, another line of that story being
• 22:37
  played out. And again, like, do we forget
• 22:40
  that we live in allegedly A constitutional Republic.
• 22:43
  It's not even a democracy. And yet they always run out.
• 22:46
  Like this is a danger to our democracy.
• 22:48
  It's just absolute projection And it's absolutely incredible
• 22:51
  that America, you know, I I'm a proud an American and it's just
• 22:55
  crazy that we still view ourselves as like the world's
• 22:58
  police and here we are. We're out here protecting
• 23:00
  everyone when in their company. I fully believe in the
• 23:04
  sovereignty of nations like I don't think as an American we
• 23:07
  have any right to tell any other country what they should or
• 23:09
  should not be doing. I think we should worry about
• 23:11
  what's going on back home. We have enough problems here in
• 23:14
  America, let alone worrying about what a tiny, tiny country
• 23:19
  and Latin America is doing with a very high approval rating like
• 23:23
  we should be focusing on ourselves.
• 23:24
  And yet our politicians continue to view everyone else instead of
• 23:29
  looking themselves in the mirror.
• 23:30
  And again, like Adam was saying, this all has to go back to Fiat
• 23:34
  money. This does relate to Bitcoin and
• 23:37
  and as much as I view and I'm in the same camp that like politics
• 23:40
  is irrelevant to Bitcoin, it's very clear that they are making
• 23:44
  steps towards trying to ban and outlaw Bitcoin in every
• 23:47
  jurisdiction. Like Bitcoin is political
• 23:50
  because it is so non political because it is apolitical.
• 23:54
  Bitcoin is the most political money in the world because they
• 23:56
  can't stop it, they can't control it.
• 23:58
  And that's why we are seeing what we're going to be covering
• 24:01
  in the news that they're now they're coming after Bitcoin any
• 24:03
  way possible. So like yeah, I know bitcoiners
• 24:06
  like to say like oh you know, politics doesn't matter to
• 24:10
  Bitcoin. I totally agree.
• 24:11
  But because Bitcoin is a political, it is a political
• 24:15
  matter. Everything is politics.
• 24:17
  When you talk to a politician, they will come after Bitcoin.
• 24:20
  They are actively coming after Bitcoin.
• 24:22
  And you know, as much as I'm not like a politician, I would much
• 24:26
  rather have Bitcoin politicians than know than people being anti
• 24:30
  Bitcoin in political positions. Like it's very clear here, guys,
• 24:33
  you know? And it's just incredible that
• 24:35
  we're even talking about El Salvador like their tiny, tiny
• 24:38
  country and now we're worried about what they're doing.
• 24:41
  Like they're a threat to our democracy here in America.
• 24:44
  Crazy. They are essentially making
• 24:48
  politicians look bad and essentially that's really what
• 24:51
  it's about, nothing to do with democracy.
• 24:54
  I was reading one of the quotes by I think this is the
• 24:58
  ambassador for for the the El Salvadorian ambassador for the
• 25:02
  United States and her response to Elon I I don't know how to
• 25:09
  opted I think it's. Ilhan.
• 25:11
  Ilhan, I'm sorry, guys. Ilhan Omar Representative Omar.
• 25:15
  Her response was savage. She says please don't get
• 25:18
  involved and interfere in the election of a sovereign country.
• 25:21
  Like, that's a very strong statement. the US has nothing to
• 25:25
  stand on here. OK?
• 25:27
  Look at throughout UUS history. You know, what was the what was
• 25:31
  the United Fruit? What is it, United Fruit
• 25:35
  Company, Opti or something like that?
• 25:37
  Like, basically the US does not necessarily have the best track
• 25:42
  record in Latin America and throughout the world in
• 25:46
  dictating other people's foreign affairs.
• 25:48
  So anyways, guys, it's gonna be interesting.
• 25:51
  This is just getting started. This is the separation of money
• 25:54
  and state, after all. All right, guys, no more delay.
• 25:57
  Let's jump straight into the news.
• 25:59
  We have a lot to talk about. And then we're going to talk
• 26:01
  about the culture, which we're going to focus on the Bitcoin.
• 26:04
  Well, we have Adam and we have so many questions for him.
• 26:06
  This is the beginning of a beautiful partnership.
• 26:08
  We're extremely excited for it. All right, guys, no more delay.
• 26:11
  Let's hit the news. Here we go.
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  I want to give a shout out to our sponsor.
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  the show notes below to learn more.
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  All right guys, I also want to give a very special shout out to
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  Scott's Build a Mine bootcamp because they are watching the
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  camp. The webinar is tomorrow so Sign
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  up today, it's free. Scan the QR code or check the
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  link in video description. All right guys, So what I want
• 29:02
  to talk about today another attack.
• 29:04
  This is crazy. And mind you, like we did this,
• 29:08
  it it was total coincidence. We did not time this.
• 29:11
  We did not plan this. But for anyone who didn't watch
• 29:14
  yesterday's episode, it was we literally read you this article
• 29:18
  by Marty Bent. Incredible work he's doing over
• 29:20
  at TFTC dot IO. But basically it says the EU is
• 29:24
  attacking proof of work. Well, it's not only the EU now,
• 29:27
  it's the US as well, which is absolutely crazy.
• 29:31
  So let's get through some of the Twitter posts and then we'll end
• 29:34
  up at Marty's article covering the recent attack by the Biden
• 29:38
  administration, which we've been saying for many, many, many
• 29:41
  months now, that they do not like the Bitcoin industry.
• 29:44
  They don't like this thing. They're fans of central bank
• 29:48
  digital currency, so here is Steve Mesa.
• 29:52
  He says the government uses reporting and information
• 29:55
  requests as weapons. This is how they protect the
• 29:57
  incumbents by declaring emergency Pierre Rashard.
• 30:01
  This isn't just some random bitcoiner, He is the VP of
• 30:04
  Research at Riot Platforms. It's a publicly traded Bitcoin
• 30:09
  mining company. And Pierre Rashard has not only
• 30:12
  a really good reputation, he's been around, he's been in the
• 30:15
  industry for a pretty long time. So when Pierre speaks, you
• 30:19
  listen anyways. He says Biden has declared a
• 30:22
  Federal Emergency because Bitcoin is winning.
• 30:26
  I just want to, I just want to read the highlighted part as
• 30:29
  evidence. The price of Bitcoin has
• 30:31
  increased roughly 50% in the last three months, and higher
• 30:34
  prices incentivizes more crypto mining.
• 30:37
  Bitcoin mining, by the way. Activity which in turn increases
• 30:40
  electricity consumption. At the time of this writing,
• 30:43
  much of the central United States is in the grip of a major
• 30:46
  cold snap that has resulted in high electricity demand.
• 30:49
  So, like, okay, So there are 4 like unreliable energy policy,
• 30:55
  right? Then they get mad that Bitcoin
• 30:57
  is winning. They're like, oh, Bitcoin is
• 30:59
  using too much energy. They don't specify the fact that
• 31:02
  Bitcoin miners have to use stranded energy.
• 31:05
  Bitcoin miners have to use isolated energy.
• 31:08
  If it wasn't isolated, if it wasn't stranded, it wouldn't be
• 31:11
  economical for Bitcoin miners to use it.
• 31:14
  They They had like and that's like kind of like a disservice
• 31:17
  because it's telling the American public or telling
• 31:19
  people that are not informed that they think that Bitcoin
• 31:22
  miners just set up shop in the middle of New York City.
• 31:25
  They plug them in and everyone's electricity bills go up.
• 31:28
  No, why would they do that? It's too expensive.
• 31:30
  They're going, they're going to go out of business.
• 31:32
  So they go towards, you know, there's a dam in the middle of
• 31:35
  nowhere, right? It has excess elect electrical
• 31:38
  capacity that's perfect for Bitcoin miners.
• 31:41
  Now all of a sudden that excess energy that would have otherwise
• 31:45
  gone to waste has value anyway. So yeah, this is crazy, but I
• 31:49
  mean, this is another step no emergency declared because
• 31:52
  Bitcoin is winning. Absolutely hilarious.
• 31:54
  Here's another comment to one of our tweets.
• 31:57
  This is by Jurison Martinez. He's a strategy.
• 32:02
  He works at Volcano Energy, which is El Salvador's Bitcoin
• 32:06
  initiative. Shout out Max Keiser for
• 32:08
  spearheading that. And he goes on to say the US
• 32:11
  Department of Energy is requesting to collect data to
• 32:13
  build a standard for Bitcoin mining, mining energy use.
• 32:17
  They've requested energy handling of the data collection
• 32:20
  request because public harm is reasonably likely if normal
• 32:24
  procedures are followed. Further, as evidence, the price
• 32:27
  of Bitcoin has increased 50% in the last three months, and
• 32:30
  higher Bitcoin prices incentivizes more mining
• 32:33
  activity. So it's like, listen, give us a
• 32:35
  giant list of all the Bitcoin miners everywhere.
• 32:39
  And I just love this graphical art piece by Marty Bent and his
• 32:47
  newsletter. What do you call this optis
• 32:49
  newsletter post? I don't know what the exact
• 32:53
  blog, but no. But it's more than a blog.
• 32:55
  You can't just call this A blog dude.
• 32:57
  This is super professional. Look at this.
• 32:58
  Man, this is really well done. I don't know.
• 33:00
  Great mimetics. From Marty Bent, Great Mimetics.
• 33:03
  And journalism from Marty Bent. This is incredible guys.
• 33:06
  Check out Marty Bent's you know, a blog or news publication.
• 33:11
  Go to TFTC dot IO. It's incredible.
• 33:13
  Anyways, the headline is the Biden administration wants to
• 33:16
  create a registry of Bitcoin miners.
• 33:19
  It goes on to say earlier today the Biden administration
• 33:21
  announced an emergency data collection initiative targeted
• 33:24
  at Bitcoin mining operations in the US via the US Energy
• 33:28
  Information Administration, an independent sub agency of the
• 33:31
  Department of Energy. It seems that the administration
• 33:33
  is identifying the electricity usage of Bitcoin of the Bitcoin
• 33:36
  mining industry as an emergency that is threatening grid
• 33:40
  stability throughout the US, as is evidenced by the name of the
• 33:43
  survey proposed energy survey, crypto mining facilities.
• 33:47
  Here's the press release in the official filing from the from
• 33:50
  the EIA. So we read you some of that
• 33:51
  already. But he goes on to say when I
• 33:54
  read the press release and the filing, my initial thoughts was
• 33:57
  quote interesting. Maybe this will turn out to be
• 33:59
  innate positive for the industry.
• 34:01
  The EIA has made some pretty naive assumptions in the survey
• 34:05
  should conclude that Bitcoin miners have provided clear
• 34:08
  benefits to the grid systems that they operate within,
• 34:11
  especially those who operate in demand response programs that
• 34:14
  ensure reliable electricity is available to residential
• 34:16
  consumers during times times of peak demand.
• 34:19
  But after some thought, that initial inclination felt a bit
• 34:22
  naive. Data from Bitcoin miners
• 34:25
  participating in demand response programs and others taking care
• 34:29
  of escape method emissions might be Mining off grid using natural
• 34:32
  gas that would otherwise be flared or stranded and
• 34:35
  unmaintained has been public for years.
• 34:37
  There is no need for a forced survey on the industry out of
• 34:41
  nowhere. That's when I decided to look at
• 34:43
  the actual survey. Upon review, it proves to me of
• 34:47
  the more Aurelian things I've seen come out of this
• 34:50
  administration and that's saying a lot.
• 34:52
  If you dig into the information that the EIA the EIA is
• 34:55
  requesting, it looks like as if the EIA is setting out to create
• 35:00
  hyper detailed registry of mining operations in the United
• 35:04
  States, getting as granular as to request specific information
• 35:08
  about mining fleets and hash rate data.
• 35:11
  As with any dystopian edict put forth by a government gone mad
• 35:15
  with perceived power, the survey starts out with an overt threat.
• 35:20
  Your response is required by law.
• 35:22
  This report is mandatory under the Federal Energy
• 35:26
  Administration Act. Not only does it start with a
• 35:28
  threat, but it requires that all commercial cryptocurrency mining
• 35:32
  facilities in the United States response This is utterly insane.
• 35:35
  Before we opine on the insanity, let's dive into the information
• 35:39
  the government is expecting the mining industry to fork over.
• 35:42
  Miners will be expected to provide information about their
• 35:45
  companies, where they're domiciled, and the addresses of
• 35:49
  where the operations are located, as well as a point of
• 35:52
  contact for the EIA. The companies will also be
• 35:56
  required to identify whether they're running operations that
• 35:59
  involve proof of stake or proof of work.
• 36:01
  They will need to tell daddy government how many mining
• 36:04
  facilities they operate. After that, they will be
• 36:06
  expected to disclose the location of their individual
• 36:09
  operations, including geographic coordinates, the amount of
• 36:14
  electricity that was consumed at the facility altogether
• 36:17
  regardless of whether or not the miner has any control of the
• 36:20
  electricity that it is not using.
• 36:22
  From there they will have to disclose the percentage of the
• 36:24
  facilities electricity consumption that was used
• 36:27
  specifically for mining and doxing their electric service
• 36:30
  provider. Next up, they will have to
• 36:33
  somehow come up with the average percentage of all the
• 36:35
  electricity dedicated to Bitcoin mining at different energy
• 36:38
  suppliers and again doxing them. And at last, but certainly
• 36:42
  certainly not least, miners will be expected to give detailed
• 36:46
  information about their mining fleets.
• 36:48
  The EIA wants to know the numbers of ASIC miners are
• 36:51
  running at individual individual facilities.
• 36:53
  The model of those numbers will be determined by cross
• 36:56
  referencing the age of the miner with a different model, the
• 36:59
  amount of energy needed to power these mining machines, the
• 37:02
  maximum amount of hash rate they produce during the reporting
• 37:06
  procedure. So I think you guys get the
• 37:09
  point. Marty did an incredible job
• 37:11
  summary summarizing all of this. I think this image of Biden in
• 37:15
  like, you know, the Soviet type general uniform is extremely
• 37:19
  appropriate here. This is dystopian AF.
• 37:22
  This is crazy. They're forcing people to
• 37:25
  register their, you know what comes after you register
• 37:28
  something with the government. They build an extensive list of
• 37:32
  where that thing is located, where they can find it.
• 37:35
  You know what comes after that seizure?
• 37:38
  Why else would they want this type?
• 37:39
  OK, let me ask you guys something.
• 37:42
  Video games use more electricity than Bitcoin miners.
• 37:46
  Toasters use probably more washing machines.
• 37:50
  Do you see them going out in public and saying please
• 37:53
  register your washing machines with the US government?
• 37:58
  This is clearly politically motivated.
• 38:01
  This has nothing to do with energy consumption, just how in
• 38:05
  El Salvador, it has nothing to do with El Salvador being a
• 38:09
  threat to democracy. What this is really about is
• 38:12
  that Bitcoin and Bitcoin mining and El Salvador doing its doing
• 38:16
  its thing is a threat to the status quo.
• 38:20
  But they cannot overtly say that because it's too obvious.
• 38:23
  So they're using anything that sticks.
• 38:25
  This is a clear attack. This is a complete violation of
• 38:28
  the 4th Amendment, which is no unreasonable searches and
• 38:31
  seizures. This is crazy.
• 38:33
  This is insane, right? And this like and of course.
• 38:36
  And if they get into a pickle, what what will this lead to?
• 38:40
  Seizure and confiscation. All the Bitcoin miners should
• 38:43
  stand up and should say no to this.
• 38:45
  This is completely this is UN American and this is insane.
• 38:49
  What is? This is a communist country.
• 38:51
  This is absurdity. Like I, I, I, I don't have any
• 38:54
  more comments. Anyways, Adam, what's your take
• 38:56
  on this bro? I mean it.
• 38:58
  It. No.
• 38:58
  And not to mention, guys, this came the day after the news from
• 39:03
  Europe came, right? So it looks like this is a
• 39:05
  global type of event by governments to attack the
• 39:10
  industry. In my opinion.
• 39:11
  Dude it. That, that word, the emergency
• 39:15
  word that they threw in there a couple times, it triggers me so
• 39:18
  hard. I was just going through, like
• 39:20
  recently in Canada. So we all know about the trucker
• 39:23
  protest that happened, and then our government froze a bunch of
• 39:26
  bank accounts because of the emergency of the trucker's
• 39:29
  protest and that they couldn't leave the country.
• 39:31
  It turns out now, two years later, finally our incredible
• 39:35
  judicial system gets to it and it turns out that was illegal.
• 39:38
  And so doesn't really matter that it was illegal.
• 39:40
  There's no penalties. The federal government's going
• 39:42
  to waste a bunch of money appealing that decision and and
• 39:46
  at the end of the day the government chose out there was
• 39:48
  an emergency that they didn't like and then confiscated and
• 39:52
  made it very, very difficult for people to live who were
• 39:54
  participating in that emergency and will continue to go on to
• 39:59
  control people. I think someone I think his name
• 40:02
  was Phil said it confiscation is what happens after registration.
• 40:06
  I have so many thoughts and so many feelings about how
• 40:09
  dangerous it is when a government decides that they
• 40:13
  want to. Attack something and that's why
• 40:16
  it's so important that we, I mean like this sounds a little
• 40:19
  bit self-serving, get your coins in your hand, buy a passport,
• 40:23
  like just go and do something that takes the power away from
• 40:27
  the government to be able to do it up.
• 40:29
  I don't think you can see it, but just hanging right there is
• 40:31
  the the, the executive president order where they confiscated all
• 40:36
  the gold in 1933 and and somehow miraculously, gold prices
• 40:41
  doubled after they confiscated the gold nearly 100 years ago.
• 40:44
  That gold was only able to be confiscated because A people
• 40:47
  complied and B, gold was in custody.
• 40:49
  And so you know, registration is the first, is the first step
• 40:53
  towards custody. We've seen an attack in the EU
• 40:55
  as you guys were talking about the other day on personal
• 40:58
  wallets, like now they're going after minors.
• 41:00
  This is 100% fabricated. This is 100% A A a concerted
• 41:04
  effort to make people less sovereign because when sovereign
• 41:08
  individuals arise, when sovereign individuals are are
• 41:11
  empowered, they are way harder to control and therefore harder
• 41:15
  to push a narrative on to. So I think all of that is is
• 41:19
  preposterous. I'm surprised that our
• 41:22
  government hasn't done that and I think like with an ounce of
• 41:25
  research, government should be able to see what we were saying.
• 41:28
  Like Bitcoin literally incentivizes miners to to find
• 41:33
  better, cleaner, AKA cheaper ways to produce energy.
• 41:37
  Using stranded gas to mine Bitcoin is an incredible net
• 41:40
  benefit no matter what way you look at it.
• 41:43
  It's a way that you can literally move stranded energy
• 41:46
  and the value that stranded energy has from point A to point
• 41:49
  B without infrastructure. You have a free open source
• 41:53
  piece of infrastructure to move that value across and we just,
• 41:58
  it's mind blowing to me that this kind of propaganda actually
• 42:01
  works. And and I think this is a very
• 42:05
  key point in history where we see the politicians getting a
• 42:09
  little bit cocky and and you can see how out of touch they are.
• 42:13
  Where in the past, like up until the Internet, you know, up until
• 42:16
  really, really even social media, up until 1015 years ago,
• 42:19
  they had 100% control over the narrative and they continue to
• 42:24
  think that they have that. They don't realize that we have
• 42:26
  independent media. They don't realize that we have
• 42:29
  protocols like Noster where free thought is able to be progressed
• 42:33
  and free thought is able to be mass distributed.
• 42:36
  And I think that it's important that we all understand the FUD
• 42:40
  that is happening here and that we all identify, hey like this
• 42:44
  is not a fact, this is wrong. And here's the steps to prove
• 42:48
  that this is wrong. I I, I can probably rant forever
• 42:53
  and I might start crying soon. So maybe no, it's good.
• 42:57
  It's. Good.
• 42:58
  Hell yeah. That means you're passionate,
• 43:00
  bro. I dude, I I dude, I get fucking
• 43:02
  teary eyed when when some some shit goes down, dude.
• 43:05
  So like, yeah, 100% man, 100%. It's terrifying, man.
• 43:09
  Like. I like we I've got so many
• 43:11
  stories about the EU. We actually tried to expand it
• 43:13
  into the EU and the government made it impossible for Bitcoin
• 43:16
  ATM companies to to to work. They didn't make it illegal,
• 43:20
  they just made it impossible to function.
• 43:22
  This is step one of making it impossible to mine Bitcoin.
• 43:26
  This is step one of getting all of that energy, all of that hash
• 43:30
  rate under one centralized control.
• 43:32
  What are we going to see next? That only only the ETF providers
• 43:35
  are able to mine Bitcoin because it's more democratic, because
• 43:38
  it's safer for everything. Like it's it's it's
• 43:41
  preposterous. And you can see the writing on
• 43:43
  the wall that freedom money is bad for corrupt politics.
• 43:47
  We have corrupt politics now we have freedom money.
• 43:49
  Let's fight 100% A. 100 beautifully put, beautifully
• 43:53
  put. Opti, what's your take on this?
• 43:55
  I mean, opti's gonna go ham. Opti Opti's opti's not
• 43:58
  surprised. Yeah, I was just about to say I
• 44:00
  I'm. Not I'm not surprised at all.
• 44:02
  And you know, I I can't really add too much to what you guys
• 44:05
  are saying except for like not being surprised and and you know
• 44:10
  Nico as as a Venezuelan and and then Marty lays this out great
• 44:13
  in that article that you guys should go read, read the whole
• 44:16
  thing. We do have precedent for this
• 44:18
  guys like first they tag and bag your minors and then they come
• 44:21
  and confiscate them and they did this in Venezuela.
• 44:24
  And I'm not surprised that we're seeing this happen.
• 44:27
  Of course, like they're going to use this emergency you know,
• 44:31
  energy whatever proposal to make sure that they try to frighten
• 44:36
  everyone into doxing their literal, what's it coordinates
• 44:40
  like It's absolutely incredible that this is where we are.
• 44:43
  Of course, you know I'm kind of with Marty bent here where we
• 44:46
  say like is this where we all just have supreme non compliance
• 44:50
  to what they're saying, just throw away these letters in the
• 44:53
  mail and just never get the letter and never, never actually
• 44:57
  report where you are. But I mean am I surprised?
• 45:00
  Not at all. It's just it's almost very
• 45:02
  interesting that they do this in such like a very subtle way
• 45:06
  where they're like, yeah, just tell us where everything is and
• 45:09
  then, hey, we're here to protect you.
• 45:10
  We just want to survey what's going on with the energy, with
• 45:13
  the electricity usage and then literally tell us everything you
• 45:17
  have in your business and your land with all your miners.
• 45:23
  And then, you know, maybe later in a year or two, we're gonna
• 45:25
  come confiscate all your miners. And basically now the state owns
• 45:29
  all of these miners and we're doing what's best for the
• 45:31
  country. And little like to Adam's point
• 45:37
  as much as I would like to believe that by providing them
• 45:42
  this information like we we could basically turn the tide
• 45:46
  and and in the propaganda and be like look this is what's
• 45:49
  actually going on. I'm just wholly convinced that
• 45:51
  it doesn't matter what we tell them whether you know like we
• 45:54
  have we have precedent for this like we have ERCOT in Texas
• 45:58
  showing and proving that Bitcoin mining improves the electricity
• 46:02
  grid. We have countless examples of
• 46:05
  Bitcoin using stranded energy, literally helping small cities
• 46:10
  and small towns improve their electricity, providing jobs.
• 46:13
  None of this matters. All they really care about is
• 46:16
  just doubling down on the climate change FUD and and
• 46:19
  scaring people and basically saying you know, moving from, oh
• 46:23
  we're going to boil the oceans to what Bitcoin uses too much
• 46:26
  energy to. These bitcoiners don't care
• 46:28
  about the environment and we should shut them down.
• 46:30
  And like Adam said, until people wake up to the propaganda and
• 46:34
  the FUD like, they will continue to use these low hanging fruit
• 46:38
  excuses for trying to clamp down on Bitcoin.
• 46:41
  And someone trolled in the chat saying finally the US government
• 46:44
  knows that Bitcoin is going up forever.
• 46:46
  Like, I love the highlighted portion that Pierre Rochard said
• 46:49
  it's like, no, there's a Federal Emergency because Bitcoin is
• 46:53
  winning too hard. You know, Bitcoin went up what,
• 46:55
  50% last year? And Oh my God, they're going to
• 46:57
  bring more, more miners to the network and they're going to use
• 47:01
  all the electricity. And like we wouldn't be in this
• 47:04
  position if you guys weren't robbing everyone blind with Fiat
• 47:07
  money. Like this is the whole reason
• 47:09
  for Bitcoin. Literally anything you guys do
• 47:12
  in the federal government or central bankers like you are the
• 47:15
  very reason for Bitcoin's existence in the 1st place.
• 47:18
  And we've been saying this for a while Nico, that we're going to
• 47:21
  constantly hear them yell and scream and re about Bitcoin
• 47:26
  about either it's you know I don't know at this point what
• 47:29
  their next one their next excuse is.
• 47:31
  You know it's a threat to democracy I'm sure is coming
• 47:34
  down the pipeline that that's the next I'm I'm.
• 47:36
  Calling right now Bitcoin is a threat to.
• 47:38
  Democracy. That's literally, literally said
• 47:40
  in that article. Oh, Bitcoin is going up too much
• 47:43
  in price. And now we got a check for
• 47:45
  environmental issues. It's like Bitcoin's winning way
• 47:49
  too hard. We got to stop this.
• 47:50
  It's like people. People are protecting
• 47:53
  themselves. Federal Emergency Bitcoin.
• 47:55
  Is winning too hard? Winning too hard?
• 47:58
  You know, like we need to confiscate more property because
• 48:01
  Bitcoin is winning too hard. Like this is the very reason for
• 48:04
  bitcoins existence in the first place.
• 48:06
  So again, you know to the point I say this all the time and I
• 48:09
  I'm not the first one to say this, but any attempt to ban
• 48:13
  Bitcoin just proves the very reason why you need Bitcoin in
• 48:16
  the 1st place. Bitcoin cannot be stopped.
• 48:19
  So hey, if the US wants to shoot themselves in the foot and stop
• 48:23
  citizens from protecting themselves from outright theft
• 48:26
  from these politicians, it just goes to show to me why we need
• 48:29
  Bitcoin in the 1st place. Like this should be a signal for
• 48:32
  everyone to stack more Sats and and like if you're if you're
• 48:36
  getting scared out of your position because of what's going
• 48:38
  on at the federal government central bankers and them like
• 48:42
  you need to study Bitcoin more. This to me is a is a buy signal
• 48:46
  not a sell signal. You should be stacking harder
• 48:48
  now. Especially when you know the
• 48:51
  police of the world is telling you, hey we want to rob you
• 48:54
  more. You need to not save in Bitcoin.
• 48:56
  It's absolutely ludicrous, 100% a hundred.
• 48:59
  Percent All right, ladies and gentlemen, let's get to the
• 49:01
  culture. Let's talk about the Bitcoin.
• 49:03
  Well, let's talk about Adam. Let's talk about what we have
• 49:07
  planned over the next six months.
• 49:09
  I'm incredibly excited and honestly I'm honored for this
• 49:12
  partnership. Adam and I met in Calgary at the
• 49:15
  Bitcoin Rodeo and we just hit it off ever since and really,
• 49:19
  really excited to talk about this and we're going to take a
• 49:21
  different approach to this guy. So we want the community to be
• 49:25
  involved in this process, in this roll out because what is
• 49:29
  being, what is being tried, what is being tried to achieve like
• 49:32
  what we're trying to achieve what simply Bitcoin and what the
• 49:35
  Bitcoin well is trying to achieve is, is a very, very hard
• 49:39
  feat. It's very, very difficult.
• 49:41
  We're trying to push Bitcoin by default, right?
• 49:45
  So the, the, the, and again, not to bash on anybody, whatever,
• 49:49
  you know, just to make that very clear, right?
• 49:52
  But Bitcoin by default is difficult because essentially
• 49:56
  it's like, no, you can't purchase Bitcoin unless you're
• 50:00
  going to take self custody of that Bitcoin, right?
• 50:02
  So it's a, it's a, it's a it's in my opinion, it's a very noble
• 50:05
  'cause. I think it's a noble 'cause.
• 50:07
  I think it's a necessary cause because this is how we win,
• 50:10
  ladies and gentlemen, This is how we win the revolution.
• 50:13
  Just because, you know, you have your Bitcoin in an ETF, Look at
• 50:17
  how they're talking about Bitcoin miners.
• 50:20
  They're forcing Bitcoin miners to register.
• 50:22
  Are you trying to tell me that if the US government gets
• 50:24
  trapped into a corner, you know, they're going to be looking at
• 50:27
  that and they're like they're going to 6102 it.
• 50:29
  And I think, Adam, I think that, you know, plays close to your
• 50:32
  heart like if you have a picture of the six 102 order, you know,
• 50:35
  in your office, you know, I'm sure that that that means a lot
• 50:39
  that that's very symbolic in my opinion, dude, that's literally.
• 50:43
  The mission is to enable independence and every single
• 50:46
  product, every single line of code that goes into this Bitcoin
• 50:49
  platform is a is a line of code that is written to further the
• 50:53
  mission to enable independence. And it's way harder.
• 50:57
  It is like 9 billion times harder to build a platform where
• 51:03
  we don't keep people's Bitcoin, but it's it's just it's what is
• 51:06
  so important when you're on a mission to enable independence.
• 51:10
  I'm not interested in giving people price exposure.
• 51:12
  I'm not interested in giving people paper Bitcoin.
• 51:14
  I'm not interested either in being tapped on the shoulder by
• 51:18
  Uncle Sam and saying yo give me opti's Bitcoin.
• 51:20
  That does not interest me. I want to say no, I don't have
• 51:23
  Opti's Bitcoin because we are a self custody platform.
• 51:27
  I don't have anyone's Bitcoin. I have 0 customer Bitcoin.
• 51:30
  If I and we as a company disappear tomorrow, there would
• 51:34
  be 0 customer losses, period. Ever.
• 51:37
  And that's the way that it should be.
• 51:38
  And I think that we should stop. We collectively as a community,
• 51:42
  should stop tolerating Fiat principles being applied to
• 51:46
  sovereign money. We should look at this from the
• 51:48
  ground up. What is Bitcoin built for?
• 51:50
  Independence. What is Bitcoin built for?
• 51:52
  Freedom of people, Freedom of money, self custody,
• 51:56
  self-control, the ability to run the numbers, the ability to to
• 51:59
  understand where your value goes.
• 52:01
  And that's what we need to give. So it's not Bitcoin is like I've
• 52:06
  I've been in this industry for for over a decade now.
• 52:11
  And that Bitcoin journey, when you have a long Bitcoin journey,
• 52:14
  it starts with price and it goes into sovereignty and then it
• 52:18
  goes into even deeper than sovereignty, which is your
• 52:22
  entire relationship with the world and with the value that
• 52:26
  the world creates and the value that you can create in the world
• 52:29
  and the protection of that value.
• 52:32
  You have to be diligent. You have to understand what
• 52:34
  you're providing to the world and you have to safeguard that
• 52:38
  at all costs. And so we we, we know we're
• 52:41
  fighting an uphill battle. We know it's harder.
• 52:44
  We know it's inconvenient to, to, you know, get a public
• 52:47
  address. In some cases you can't, just
• 52:50
  like we don't. We just don't allow you to, to
• 52:53
  keep Bitcoin on the platform. It's not what we're about.
• 52:55
  So I love it when you sign up, literally before you can link a
• 52:58
  bank account, you put a Bitcoin address in it's number.
• 53:00
  Well, yeah dude. This is the way.
• 53:03
  This is the way anyway. So we're going to get more.
• 53:05
  We're going to dive deeper into that during the culture.
• 53:08
  But first we got to hear a little bit from our sponsors,
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  the link in the video description.
• 53:46
  All right, everybody. Let's get to the culture to talk
• 53:48
  about the Bitcoin. Well, the daily culture.
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• 54:40
  All right, everybody, So what's up, Adam?
• 54:43
  How you doing, man? I am so freaking pumped for the
• 54:47
  I'm so excited and you guys just launched in the US this is
• 54:52
  perfect timing. You guys decided to expand to
• 54:55
  the and you guys are the first platform in the United States of
• 55:00
  America to be Bitcoin self custody by default.
• 55:05
  That is a big effing statement in my opinion.
• 55:10
  Yeah, man, I'm stoked. And I think like Tom in the
• 55:13
  comments here, he's hitting the nail on the head boomers who
• 55:16
  aren't technology savvy enough to self custody.
• 55:18
  Yeah, like honestly this platform is going to be a little
• 55:22
  bit more difficult for them to use.
• 55:24
  And we know that we are building a platform and it starts with
• 55:28
  all of, like everyone watching right now is probably like
• 55:31
  probably technology savvy enough to figure out how to self
• 55:35
  custody Bitcoin. And also knows how important it
• 55:39
  is to teach the boomers who aren't technology savvy enough
• 55:42
  to self custody their Bitcoin. No, Boomer was technologists
• 55:46
  having enough to send an e-mail 10 years ago or sent a text
• 55:49
  message 10 years ago or like open up a video chat 10 years
• 55:53
  ago. And then all of the sudden
• 55:56
  that's what they had to do. And they figured it out and it
• 55:59
  started with you and I teaching them how to do that.
• 56:02
  And I think that's that's part of what we're here for.
• 56:05
  It's part of what we're asking. We're asking everyone part of
• 56:08
  the simply community. We're asking you guys, like,
• 56:11
  help us build the best self custody platform this world has
• 56:14
  ever seen. Help us truly embody our mission
• 56:18
  to enable independence and help people buy real Bitcoin, not
• 56:23
  paper Bitcoin, not Bitcoin exposure, Bitcoin and Bitcoin
• 56:27
  only. And you know, I think it had a
• 56:29
  benefit. And why we're so excited to work
• 56:31
  with with you guys is because like look at all of like we're
• 56:35
  not shilling bad products during this.
• 56:38
  This show here like this is incredible.
• 56:39
  They are like tier one products that I either have personally
• 56:44
  used or would personally use. And the ethos is just so strong.
• 56:49
  Bitcoin is not about price exposure.
• 56:50
  Bitcoin is about value preservation and I think that
• 56:54
  everyone can relate to that and we need, we need to do more 100%
• 57:00
  we we. Do need we do more and the way
• 57:03
  that we do that is literally pushing self custody and it is
• 57:07
  in my opinion it is going to be the most difficult thing.
• 57:10
  That's the biggest leap in my opinion just based that and you
• 57:14
  know I told the the quick story about my my experience with my
• 57:17
  parents in the beginning of the show and I just I literally like
• 57:20
  a light bulb came off in my head.
• 57:22
  I'm like like if if we don't, enforcing is a strong word.
• 57:27
  But if we don't incentivize it, right.
• 57:29
  If we don't, like, listen, you want to sign up.
• 57:33
  You got, you got to have a Bitcoin wallet of which you
• 57:36
  control and and then Adam like, to be honest, this is very noble
• 57:40
  because that hurts your bottom line.
• 57:42
  Like, to be frank, 'cause it's a lot easier to to, you know, to
• 57:47
  again not, you know, love all Bitcoin companies.
• 57:51
  It's good for all Bitcoin companies to succeed and friends
• 57:54
  with, you know, friends with all of them, the CEOs, good people.
• 57:57
  But what I'm trying to say is that like in different business
• 58:00
  models, it's a little bit easier to make money because you're not
• 58:05
  forcing your customer to take that extra step.
• 58:08
  So what was your logic behind that?
• 58:10
  Because it's extremely noble. It definitely just the Bitcoin
• 58:13
  revolution forward. But what was your thinking of
• 58:17
  behind that? Because that's a very, that's a
• 58:19
  very strong business decision. Yeah.
• 58:22
  It's mission first. Like the the bottom line will
• 58:26
  come when the mission is fulfilled.
• 58:29
  This is the right look at this. Apple does this now.
• 58:31
  It's hilarious. The thumbs up thing, the mission
• 58:34
  to enable independence is so important and lines up so well
• 58:39
  with the properties of Bitcoin that anything less is just high
• 58:42
  time preference in my opinion. And I think that the way the way
• 58:46
  that we can eventually like we we think a lot about this.
• 58:49
  Obviously that's our our single greatest barrier like when
• 58:51
  you're looking at the flow of where people drop off it's
• 58:55
  adding a Bitcoin address Like that is the single greatest
• 58:57
  barrier. You can sign up in like 10
• 58:59
  seconds. You can verify yourself if you
• 59:02
  need to in like I think it's 2 1/2 minutes is about how long it
• 59:05
  takes to verify your account. I mean like the hardest thing
• 59:09
  for people to do is add a Bitcoin address and I think
• 59:12
  that, you know, the way that we could eventually do it is using
• 59:17
  a third party. I would be very, very, very
• 59:20
  opposed to people doing that over self custody.
• 59:23
  But even still, the broker, the custodian and the individual
• 59:28
  should be 3 different entities, 3 completely different entities.
• 59:33
  Coins need to leave Bitcoin platforms, period.
• 59:37
  End of story. When you buy Bitcoin, the coin
• 59:39
  should be on chain, or at least like on the Ledger.
• 59:42
  If you're buying lightning, coin should be on chain out of the
• 59:45
  control of the people who are incentivized to keep and then
• 59:50
  spend the coins. That's that's that's literally
• 59:53
  how every single Bitcoin exchange has ever collapsed is
• 59:56
  because they spent customer bitcoins at the very, very,
• 59:59
  very, very least. If we were to say you know what,
• 1:00:03
  the world is not ready for self custody.
• 1:00:04
  I don't think that's the case, if it came to that.
• 1:00:07
  We're publicly traded. We, we, we need to, you know, be
• 1:00:11
  and and do right by our shareholders.
• 1:00:13
  If it came to that, it will be always through a third party.
• 1:00:16
  Bitcoin, well, will never hold customer bitcoins.
• 1:00:21
  We will never have control over customer bitcoins.
• 1:00:24
  Anything less than giving the control directly to the customer
• 1:00:29
  is I think, not right by our mission to enable independence,
• 1:00:33
  absolutely. And I completely agree, man.
• 1:00:36
  It's It's has to be. It has to be that way because if
• 1:00:39
  not, people fall into the convenience trap.
• 1:00:41
  So has to be that way and go ahead the convenience.
• 1:00:45
  Trap is. Probably.
• 1:00:46
  Like like we like I like for example, lightning payments.
• 1:00:50
  I I've been travelling, going to some circular economies.
• 1:00:52
  I went to Panahatchella at Bitcoin Lake.
• 1:00:54
  I was just in Bitcoin jungle speaking at the Bitcoin Freedom
• 1:00:57
  Festival. Like that's lots of lightning.
• 1:01:00
  I use a custodial lightning wallet personally and maybe you
• 1:01:04
  can you can rip me apart for doing that.
• 1:01:07
  I love Wallet of Satoshi. Dude, when they dude, it's so
• 1:01:10
  sad that they're. Gone.
• 1:01:11
  I feel like this phone that I have is like a little piece of
• 1:01:15
  gem because it has the app on it.
• 1:01:18
  Same I still have the app I. Still have the app, It's great.
• 1:01:20
  It's like remember when, when? Flappy Bird was like, on phones.
• 1:01:25
  And then the guy took it off. The guy's like, I'm waking.
• 1:01:28
  Way too much money like F this and he just pulls it and then if
• 1:01:32
  you had a phone. With Flappy Bird, it was worth
• 1:01:34
  like 50 grand or something. That's.
• 1:01:36
  Going to happen with the Wallace Satoshi.
• 1:01:37
  Too it's it's it's it's so good. It's so convenient.
• 1:01:40
  But bingo, like that's the problem.
• 1:01:42
  I mean, look at me, I'm a I'm a self custody advocate Bitcoin
• 1:01:46
  entrepreneur of over a decade. I know Bitcoin pretty well.
• 1:01:49
  I have myself personally sent 10s of thousands of UTXOS.
• 1:01:55
  I've got like multiple nodes. I've ran a mining operate like
• 1:01:58
  I've been in Bitcoin for a long time and it's still easier for
• 1:02:02
  me, more convenient for me and and and still in my opinion like
• 1:02:06
  not worth my time to put a couple 100 bucks into my own
• 1:02:10
  self custody on lightning. And so if I'm like that like
• 1:02:13
  yeah, your 65 year old grandma's also going to be like that.
• 1:02:17
  What did I tell you? Off the I told you I was like
• 1:02:19
  because we were trying to set up a a a lightning thing for for
• 1:02:22
  the simply Bitcoin store and like like you know and of course
• 1:02:27
  my buddy Matt Hill start 9. By the way check out start nine
• 1:02:30
  guys this incredible node and I remember I was you know the the
• 1:02:35
  LND software and then whatever and then I was just like looking
• 1:02:39
  at Opti and and our COO Winekiss and I was like looking I was
• 1:02:44
  just like guys this this shit fucking sucks.
• 1:02:48
  Like this is terrible. This is a this is a really bad
• 1:02:51
  experience like main chain is figured out right Like it's it's
• 1:02:54
  you know you download the the the UI it's great whatever.
• 1:02:57
  But this lightning stuff like if you want to self host it like
• 1:03:00
  this sucks. And I remember calling BTC set
• 1:03:03
  like Ben Ben Perrin and I was like dude like what the fuck
• 1:03:07
  he's like yeah I know bro try Phoenix And I was like OK
• 1:03:09
  Phoenix is good And then so I was like OK let me transfer the
• 1:03:12
  Phoenix. But it's expensive And then
• 1:03:14
  there's like a little hack He's like Nikko transfer large
• 1:03:17
  amounts first so that you don't have to pay a fee for every
• 1:03:20
  single one. And I was like OK.
• 1:03:21
  So I'm just gonna have like 1000 bucks, you know, on this hot
• 1:03:24
  wallet on my phone. So it's like, yeah, it's it's
• 1:03:28
  there needs to be a solution. It's kind of troubling.
• 1:03:30
  Yeah, the the biggest. Problem with and.
• 1:03:32
  Maybe we're getting a little off topic, but like, even if as a
• 1:03:35
  platform we do everything right with Lightning, if the end user
• 1:03:41
  doesn't have their incoming routing channels sorted out, the
• 1:03:46
  payment will fail. And then our customer's success
• 1:03:49
  and support just turns into like like customers yelling at them
• 1:03:54
  because payment failed. And it's like, look, there's
• 1:03:56
  nothing we can't do if you don't have a way to receive the
• 1:03:59
  payment we're sending you. And that's where I think the
• 1:04:02
  main chain works so good is you can literally send Bitcoin to
• 1:04:05
  someone who's like not expecting it.
• 1:04:08
  They don't have to make an invoice.
• 1:04:09
  And that's where custodians got it right is by creating this LR
• 1:04:12
  or using the LNURL to allow people to actually receive where
• 1:04:17
  the custodian handles the incoming running.
• 1:04:19
  Now the better solution is for the the the wallets, the
• 1:04:24
  platforms to actually just act as routing channels and have
• 1:04:27
  somebody else actually take custody of the coins.
• 1:04:30
  But anyways, it it is my firm belief that broker, individual
• 1:04:35
  and custodian like ideally custodian and and individual are
• 1:04:39
  the same one of the same. Bitcoin gives us the ability to
• 1:04:41
  do that for the first time. Like since rocks we are able to
• 1:04:46
  self custody our money. That's incredible.
• 1:04:49
  We should take advantage of that.
• 1:04:50
  The step towards that might be someone other than the broker,
• 1:04:54
  someone other than the person or or company selling you Bitcoin,
• 1:04:58
  holding your Bitcoin. But guys, if you're watching
• 1:05:01
  this right now, it's 2024. You're in Bitcoin already.
• 1:05:04
  Like just self custody. Just just like 4 drone keys.
• 1:05:08
  Be soft. Exactly 1. 100% Hey Migo, can I
• 1:05:11
  pop in here? 'Cause there's a good question
• 1:05:13
  here for Adam. The audience wants to know how
• 1:05:15
  does Bitcoin well deal with UTXO management considering its self
• 1:05:20
  custody by default. Yeah, we send.
• 1:05:22
  Bitcoin in batches and so we've got times of the day where
• 1:05:26
  batches go out, money comes in order gets made, Bitcoin gets
• 1:05:30
  purchased, it goes into a batch or in Canada.
• 1:05:33
  We're working on this in the US right now.
• 1:05:34
  But in Canada what happens is you can you can pay your own
• 1:05:37
  minor fee. So if if you want to look we've
• 1:05:40
  got kind of like similar to mempool.
• 1:05:42
  We actually, I think, I think we actually use mempool as our as
• 1:05:45
  our guiding metric. But if I look at like memo just
• 1:05:47
  always open up my browser like Mempool's recommending anywhere
• 1:05:50
  from 30 to 50 SATS per byte. So if you want your Bitcoin in
• 1:05:53
  the next block and you want us to broadcast and you want us to
• 1:05:58
  broadcast that transaction to the network immediately, then
• 1:06:01
  you just pick that setting when you're buying the Bitcoin.
• 1:06:04
  So admittedly, that pushes the UTXO management into the
• 1:06:09
  individual. UTXO management is going to be
• 1:06:11
  so important this cycle. Just as, you know, as number go
• 1:06:16
  up and as more miners get in and as the block fees get more
• 1:06:18
  expensive, it's going to be really, really important to
• 1:06:19
  properly manage our UTXOS. And so we're going to be focused
• 1:06:22
  a lot on educational, lots of blogs, lots of articles just
• 1:06:25
  talking about UTXO management, talking about like there's a
• 1:06:29
  like Speaking of all of Satoshi, there's other platforms that do
• 1:06:31
  that. I think Blink does this.
• 1:06:33
  I'm not sure if Aqua does, but maybe they do.
• 1:06:35
  Like you can just send Bitcoin on chain to the wallet that will
• 1:06:41
  then automatically transfer it from main chain into Lightning
• 1:06:45
  and then you're able to stack in Lightning.
• 1:06:48
  You know, we pay the batch, we pay the the, the minor fee.
• 1:06:51
  If you're not in a rush for it and it's a way for you to get
• 1:06:54
  small amounts of Bitcoin, you can still DCA the Bitcoin and
• 1:06:57
  just send it to the wallet that transfers into a layer 2
• 1:07:00
  technology. So this is kind of what I mean
• 1:07:03
  when I say like like this is how we make decisions, is what makes
• 1:07:07
  the customer more independent, how do we enable more
• 1:07:10
  independence with the customer buying Bitcoin.
• 1:07:12
  That's the filter, yeah. Yeah.
• 1:07:15
  And and just I have some, I have some questions for you, Adam.
• 1:07:18
  You guys recently rolled out in the USI don't know Opti, if you
• 1:07:21
  can pull up that tab you guys rolled out in the United States.
• 1:07:26
  So this quick pitch to our audience, right, this is the
• 1:07:29
  first time maybe hearing about the Bitcoin.
• 1:07:31
  Well, you know, tell them like why they should sign up, what
• 1:07:35
  you know what, what, what what is the experience that they're
• 1:07:38
  going to get. Obviously we recommend it.
• 1:07:40
  We recommend guys make a Bitcoin well account today.
• 1:07:44
  You know, self custody by default.
• 1:07:46
  Just keep that in mind, right. But that's a good thing.
• 1:07:48
  So what would you tell our audience, Adam?
• 1:07:51
  Yeah, I mean, obviously. We're super excited to be
• 1:07:53
  talking to bitcoiners and if you're a bitcoiner and you want
• 1:07:56
  to be a part of shaping the way that self custody Bitcoin
• 1:07:59
  platforms are built, go use the product.
• 1:08:01
  Buy Bitcoin, buy like, buy 20 bucks of Bitcoin.
• 1:08:04
  Like we're not looking to to cash in here and I'm not telling
• 1:08:07
  you to go and and and drain your bank account and buy Bitcoin.
• 1:08:11
  I want, I would love to see a community form who can, like,
• 1:08:15
  actually help us. We are a small team or a team of
• 1:08:18
  individuals who are dedicated to the mission of, I keep saying
• 1:08:21
  it, enabling independence. And So what does that mean to to
• 1:08:25
  you? How could this platform be
• 1:08:27
  better for your grandma to use? How could this platform make it
• 1:08:31
  easy for Uncle Joe who's at at Thanksgiving dinner, who's at at
• 1:08:35
  at Easter dinner, whatever, where he's like, Oh yeah, great.
• 1:08:39
  Finally, a platform that I feel comfortable using and then
• 1:08:42
  taking Bitcoin into myself custody, you know we're going to
• 1:08:46
  be running. You know that's kind of the the
• 1:08:48
  the mission focus side. But from an actual user
• 1:08:50
  perspective side, like we have real questions for people.
• 1:08:53
  You know what's more important, is it Layer 2 support or is it
• 1:08:56
  the ability to sell Bitcoin? What's more important the
• 1:08:59
  ability to like in in Canada right now and unfortunately the
• 1:09:02
  payment rails in the States are a bit different and like way,
• 1:09:05
  way more difficult to to navigate.
• 1:09:07
  But in Canada, we can you can pay your bills with Bitcoin
• 1:09:10
  right there in the US and in Canada you can buy gift cards
• 1:09:14
  with Bitcoin. And so we're trying to make
• 1:09:17
  Bitcoin useful. We want people to feel
• 1:09:19
  comfortable holding their wealth in Bitcoin, checking their time
• 1:09:23
  preference, lowering their time preference, take your income,
• 1:09:26
  put it in Bitcoin, spend what you need to and stack the rest
• 1:09:30
  in cold, cold, cold, freezing, cold storage.
• 1:09:33
  So definitely, I mean, yeah, as far as the CTA goes, like, sign
• 1:09:36
  up for an account, hit me on Twitter, comment on this video,
• 1:09:40
  comment on, you know, Twitter at the Bitcoin.
• 1:09:42
  Well, like, help us build the best self custody platform this
• 1:09:47
  country's ever seen of it, hey? Let me.
• 1:09:50
  Jump in here, Nico. Adam, I think a point that we
• 1:09:53
  kind of just swept on the rug is that you're in all 50 states.
• 1:09:56
  Like how hard was it to get into all 50 states?
• 1:10:00
  Well, we, yeah. We we were.
• 1:10:02
  So we went live a few months ago in I think 38 States and like
• 1:10:06
  talking about I tweeted yesterday the tweet, the kind of
• 1:10:09
  like teasing this partnership was just like how it was just a
• 1:10:12
  whirlwind for like 48 hours and how and how perfect and timed it
• 1:10:16
  was. Unbeknownst to to us, we got the
• 1:10:21
  approval to to go ahead and open up the entire country yesterday
• 1:10:27
  morning like like yesterday morning we get the hey all 50
• 1:10:31
  states are good call and then like today we're starting you
• 1:10:36
  know with the best Bitcoin only media publication in the
• 1:10:40
  country. So it's like like this is so
• 1:10:42
  serendipitous and it's and it and it's so incredible.
• 1:10:46
  We're lucky to have good partners.
• 1:10:47
  We're lucky to be able to to to to offer this and and the future
• 1:10:52
  from here like this is Ground Zero right now.
• 1:10:53
  This is you know launched you can sign up add a Bitcoin
• 1:10:56
  address link your bank and buy Bitcoin as we build.
• 1:10:59
  You know things that are coming are like layer 2 support the
• 1:11:02
  ability to sell Bitcoin. The ability to to DCA with like
• 1:11:05
  proper controls and and property U TXO management.
• 1:11:09
  This is the stuff that excites us.
• 1:11:11
  And building for 50 states is a hell of a lot more exciting than
• 1:11:14
  building for 38 and and and building for two countries in
• 1:11:18
  both Canada and the US is. I mean, this is the mission to
• 1:11:23
  enable independence. Absolutely, absolutely, guys.
• 1:11:25
  Check out Bitcoin will.com Sign up today.
• 1:11:28
  Share it with your friends and your family.
• 1:11:31
  It's important that you know you share a platform that is self
• 1:11:34
  custody by default, right? Like if that's the key, that's
• 1:11:38
  how we win. The peaceful Bitcoin revolution
• 1:11:41
  is more individuals taking back their financial sovereignty by
• 1:11:45
  taking making self custody, right.
• 1:11:47
  That's the key there. So yeah man this is a very noble
• 1:11:50
  'cause we're honored to to partner with you.
• 1:11:54
  There was a there's a comment in the in the chat when Awesome.
• 1:11:58
  When you're up. I'm sure, I'm sure that's sure
• 1:12:01
  you've you've put some thought into that Adam.
• 1:12:03
  Yeah man. I mean like.
• 1:12:04
  Look, that's why. That's why Bitcoin is so
• 1:12:06
  important. Bitcoin is borderless money, So
• 1:12:09
  like the Bitcoin protocol works whether we're in Europe or in
• 1:12:12
  Africa or in the US or Canada or wherever.
• 1:12:15
  Bitcoin protocol acts and reacts the same when you have
• 1:12:18
  fragmented, centralized garbage, legacy, Fiat financial
• 1:12:23
  ecosystems in each different country.
• 1:12:27
  It just makes it that much harder.
• 1:12:28
  I mean, one more reason to just flock to Bitcoin.
• 1:12:32
  So yeah, when you're up, let's we're gonna, we're gonna Sprint,
• 1:12:36
  we're we're sprinting. Now we're gonna dominate North
• 1:12:38
  America, but we're not gonna sleep until the entire world is
• 1:12:42
  independent. Absolutely.
• 1:12:44
  Absolutely love that man. Well Adam, it's been an honor
• 1:12:48
  and a pleasure. I'm really, really like I said
• 1:12:50
  I'm honored and I'm super excited about this partnership
• 1:12:54
  pushing the peaceful Bitcoin revolution.
• 1:12:56
  Self custody by default. Bitcoin well publicly traded
• 1:13:01
  company coming out of Canada established 2013.
• 1:13:05
  I'm beyond exciting, beyond excited.
• 1:13:08
  Opt. Any last words?
• 1:13:09
  No, I mean, I'm. Just hyped, you know, the
• 1:13:12
  conversation we had with Adam before we're we're all building
• 1:13:15
  for Bitcoin to succeed and you know, couldn't be more hyped to
• 1:13:20
  partner with Adam. So this is super awesome.
• 1:13:22
  Actually one last question for Adam, what's the last two stats
• 1:13:24
  you want to leave with the audience?
• 1:13:26
  Oh. Man, the last two Sats that I
• 1:13:29
  want to leave with the audience. I've I've been working on this
• 1:13:34
  this thesis lately that like Bitcoin is actually not about
• 1:13:38
  price and so my last two Sats may be a question of the
• 1:13:41
  audience and and I'd love for you guys to like tweet it at
• 1:13:44
  simply or tweet it at me. Like why is Bitcoin so
• 1:13:48
  important? Because it's it's it's it's so
• 1:13:50
  much more than like you know 47 thousand U.S. dollars, 87
• 1:13:54
  thousand U.S. dollars. Like who cares?
• 1:13:55
  The money's gonna go down, gonna go up and down forever.
• 1:13:57
  There's there's there's a million ways to make money.
• 1:13:59
  But why is Bitcoin so important to, like, your grandkids?
• 1:14:04
  Why is Bitcoin so important to to you for the long run?
• 1:14:11
  Oh, I got the horn. Let's go.
• 1:14:13
  I've been trying to give you horns the whole day, but.
• 1:14:16
  Like, I'm like, which part do I? Which part do I actually hit the
• 1:14:18
  horns at? I love.
• 1:14:20
  That I love that dude bars. Horns.
• 1:14:23
  All of it. Anyways, guys, thank you so much
• 1:14:26
  for joining us on another episode of Simply Bitcoin Live.
• 1:14:29
  We'll be back tomorrow, but this is a very, very special episode
• 1:14:33
  moving forward. The Bitcoin well is the official
• 1:14:37
  flagship partner of simply Bitcoin moving forward.
• 1:14:40
  And the ethos are aligned right. It's self custody.
• 1:14:43
  Self custody is the revolution. Adam is the CEO and founder.
• 1:14:47
  Adam, thank you so much for joining us on Simply Bitcoin
• 1:14:49
  today. Really, really appreciate it,
• 1:14:51
  brother. Pleasure to be here, man.
• 1:14:52
  Looking forward. To the future, likewise,
• 1:14:54
  likewise. All right guys, that was a show.
• 1:14:56
  If you enjoyed the show, you know what to do.
• 1:14:57
  Smash out like Buddy? Consider subscribing, and if you
• 1:15:00
  feel like we provided you value, consider smashing that like
• 1:15:03
  button. Anyways, guys, we love you all.
• 1:15:05
  We'll be back tomorrow for the Friday episode of Simply Bitcoin
• 1:15:09
  Live. Peace out, everybody.