Latest / Simply Bitcoin / Global Bitcoin Race JUST Started - USA Dominates Competition | EP 1113

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Global Bitcoin Race JUST Started - USA Dominates Competition | EP 1113 · Simply Bitcoin

• 0:00
  Yo, the first Bitcoin President Donald Trump wins in a landslide
• 0:05
  victory, dominating the competition and vowing to create
• 0:08
  a Bitcoin strategic stockpile. Let's not forget America holds
• 0:13
  around 210,000 Bitcoin more than any other country in the world.
• 0:18
  Did the US just accelerate the nation state adoption of
• 0:22
  Bitcoin? And will Trump keep all of his
• 0:25
  Bitcoin promises? In today's video, we'll be
• 0:28
  unpacking this and more, but we do think it is interesting that
• 0:31
  Trump has hand picked multiple bit corners to be a part of his
• 0:34
  administration like Elon Musk, RFK Junior, JD Vance and many,
• 0:40
  many more. But before we dive into this
• 0:42
  rabbit hole, let me bring up my fearless Co host Nico, and of
• 0:46
  course our guest for today, CEO of Casa, Nick Newman.
• 0:51
  What an incredible, incredible day to be a Bitcoiner.
• 0:54
  Let's jump right into some of this source.
• 0:56
  So, of course, I have to play the video that we saw at Bitcoin
• 1:01
  conference in Nashville. This is Trump in his own words,
• 1:04
  talking about what he plans to do.
• 1:07
  We're going to hold him to this. Hopefully as a bitcoiner, we get
• 1:10
  all the promises. We have, of course, free Ross
• 1:12
  day one. This is a victory for the
• 1:14
  Bitcoin community. But again, let's hear what Trump
• 1:17
  had to say about this. The federal government has
• 1:20
  almost 210,000 Bitcoin, or 1% of the total supply that will ever
• 1:26
  exist. But for too long our government
• 1:28
  has violated the cardinal rule that every bitcoiner knows by
• 1:33
  heart. Never sell your Bitcoin.
• 1:36
  You got it. That's right, isn't it?
• 1:42
  Huh. That's right.
• 1:45
  How did I figure that one? Never sell your Bitcoin.
• 1:49
  And so, as the final part of my plan, today I am announcing that
• 1:54
  if I am elected, it will be the policy of my administration,
• 1:59
  United States of America, to keep 100% of all the Bitcoin the
• 2:05
  US government currently hauls or acquires into the future.
• 2:09
  We'll keep 100%. I hope you do well, please.
• 2:14
  This will serve, in effect, as the core of the strategic
• 2:17
  national Bitcoin stockpile. As you know, as you know, most
• 2:26
  of the Bitcoin currently held by the United States government was
• 2:29
  obtained through law enforcement action.
• 2:32
  You know that they took it from you.
• 2:34
  Let's take that guy's life. Let's take his family, his
• 2:38
  house, his Bitcoin. We'll turn it into Bitcoin.
• 2:43
  It's been taken away from you because that's where we're going
• 2:46
  now. That's where this country is
• 2:47
  going. It's a fascist regime.
• 2:51
  And so as I take steps to transform that vast wealth into
• 2:55
  a permanent national asset to benefit all Americans today, I
• 2:59
  repeat my pledge to commute the sentence of Ross Albrecht to a
• 3:04
  sentence of time. Sir, it's enough.
• 3:09
  It's enough. Love to hear it, love to hear
• 3:14
  it. Of course, of course.
• 3:15
  It's what all the Bitcoiners were fighting for.
• 3:17
  Free Ross day one absolute political prisoner out there and
• 3:21
  let's just dive into it. Remember, remember when we saw
• 3:24
  this clip come out of the Bitcoin conference, how Nico
• 3:27
  pointed out the the political strategy that happened at the
• 3:32
  Bitcoin conference 2024. Literally right when Trump
• 3:35
  finished on this speech, we had Senator Cynthia Lummus come out
• 3:39
  and walk out with the bill for the strategic Bitcoin reserve.
• 3:43
  And so here we are at calling base reading the headline.
• 3:45
  You have strategic Bitcoin reserve to be funded partly by
• 3:48
  revaluing Fed's goal and draft bill shows, of course, here's
• 3:51
  Cynthia Lemons with the bill. Remember the iconic video of her
• 3:54
  walking out with the bill? Like here's the bill.
• 3:56
  And this isn't just talk. They are drafting the bill.
• 3:59
  So we're going to look at some of the bill propositions here.
• 4:03
  And we got the purchase of Bitcoin for a new strategic
• 4:05
  reserve would be financed partly by revaluing Federal Reserve's
• 4:08
  goals, according to draft legislation from US Senator
• 4:12
  Cynthia Lummus's office. And the plan proposes
• 4:14
  establishing a Bitcoin purchase program of up to 200,000 Bitcoin
• 4:19
  coin a year over A5 year period. And let's not forget, at the
• 4:23
  same conference, RFK Junior also came out and his his Bitcoin
• 4:27
  speech might have been a little better.
• 4:28
  You know, he sounded a lot like a Bitcoiner.
• 4:30
  He's talking about buying, I think it was 500 Bitcoin a day
• 4:33
  for five years. Just something incredible to get
• 4:36
  a huge Bitcoin stockpile. Of course, when we watched this
• 4:40
  speech, we were all kind of waiting for Bitcoin or for Trump
• 4:42
  to say Bitcoin's going to be a reserve asset.
• 4:45
  He called it a Bitcoin stockpile.
• 4:47
  I guess you know tomatoes tomatoes however you want to
• 4:49
  look at it. Anyways, reading a little more
• 4:51
  of this article. US Senator Cynthia Lummis's plan
• 4:54
  for a new strategic Bitcoin reserve would finance purchases
• 4:57
  of the cryptocurrency partly by revaluing gold certificates held
• 5:00
  by the Federal Reserve. Lummis, a Wyoming Republican who
• 5:03
  is known for a Bitcoin friendly policy stance, probably one of
• 5:06
  the best you know Bitcoin pro Bitcoin politicians out there,
• 5:10
  announced her intention to propose the reserve on Saturday
• 5:13
  at the Bitcoin Nashville conference.
• 5:15
  She came on stage again historically minutes after Trump
• 5:18
  did, and the Republican nominee in this year's presidential race
• 5:22
  delivered a speech on Bitcoin. Filled.
• 5:24
  It was it was packed. It was absolutely packed.
• 5:26
  Anyways, let's go on a little further and let's look at the
• 5:29
  countries and governments that own Bitcoin.
• 5:31
  So according to treasuries.bipo.ooorbitcointreasuries.com,
• 5:36
  you can see all of the holdings from the current nations right
• 5:40
  now in the USA when Trump announced this year around
• 5:43
  210,000 or 1% of the total Bitcoin supply.
• 5:46
  According to the numbers here, they're around 207,189 thousand
• 5:51
  Bitcoin, followed by China with 194,000, and then the UK with
• 5:56
  61,000. And you can go down and read
• 5:58
  this yourself and it just shows. And this is I think the biggest
• 6:01
  thing that has Bitcoiners kind of want to talk about here is
• 6:04
  not only did the first Bitcoin president get elected here
• 6:08
  yesterday, but the administration is packed with
• 6:12
  Bitcoiners. Obviously we know Elon Musk,
• 6:14
  he's got Bitcoin on the treasury for Tesla.
• 6:17
  We know JD Vance holds about I think roughly around 250,000 to
• 6:21
  $500,000 in Bitcoin. RFK Junior, who's sounds like
• 6:26
  he's been completely orange peeled.
• 6:28
  And then of course, Vivek Ramaswami.
• 6:31
  He's also pro Bitcoin. We have Howard Lutnick on the
• 6:34
  Trump transition team. So it looks if you follow the
• 6:38
  heuristic personnel equals policy, it looks like the Trump
• 6:42
  administration is going to be favorable for the Bitcoin
• 6:45
  industry. This is kind of what we've been
• 6:47
  saying on this show for a while, that we would much prefer four
• 6:49
  year covers of the Bitcoin industry versus what we've been
• 6:52
  dealing with the last four years with Operation Choke Point 2.0.
• 6:56
  They basically attacked our industry, and it's becoming very
• 7:00
  interesting that now that Trump has been elected, this is going
• 7:04
  to send ripples around the world.
• 7:05
  Every country in the world now has to legitimately look at
• 7:09
  Bitcoin as something that they can't just relegate to the
• 7:12
  corner. They have to take it seriously.
• 7:14
  We know that Russia's starting to legalize Bitcoin mining.
• 7:17
  The BRICS nations are talking about dropping the dollar.
• 7:20
  We know China has their Hong Kong ETF playing out.
• 7:23
  So everyone since this announcement has started to
• 7:26
  pivot. They start to become a little
• 7:28
  more favorable. And personally, I think this is
• 7:30
  really going to kick off the nation state adoption of
• 7:33
  Bitcoin. And yes, we have El Salvador
• 7:35
  with Bitcoin as legal tender. But now every country if Trump
• 7:39
  follows through. And some might argue that that's
• 7:41
  a big if, but I, I think it's almost well in the bag that he's
• 7:44
  going to follow through. He did say last night in his
• 7:47
  victory speech that all the promises made will be kept.
• 7:50
  And so that sounds very good not only for Ross, but of course for
• 7:55
  acknowledging Bitcoin as, you know, a limit in the capital
• 7:58
  gains tax. Remember, he said, why do you
• 8:00
  have to pay gains on your coffee purchases?
• 8:04
  I think this is a new era for Bitcoin.
• 8:06
  It looks like in the 15 years, 16 years since Bitcoin's been
• 8:10
  alive, it looks like Bitcoin and Bitcoiners are fundamentally
• 8:14
  changing the US, which personally I think has the most
• 8:17
  to lose considering the US dollar is the world reserve
• 8:20
  currency. I think this is taking off a new
• 8:23
  wave of Bitcoin adoption. Obviously the stuff isn't going
• 8:26
  to happen quickly, but it's going to happen.
• 8:28
  In my opinion. I think big things are popping
• 8:30
  in the Bitcoin world and the whole world has to take Bitcoin
• 8:34
  seriously. I think 2024 is a huge year of
• 8:37
  laying the bricks and the foundations for Bitcoin being
• 8:39
  adopted, not on, not only on the personal level, the corporate
• 8:42
  level, but now we're seeing it's going to be taken seriously by
• 8:45
  the biggest countries in the world.
• 8:47
  Nation states are coming, boys and girls.
• 8:49
  So hopefully you're still stacking.
• 8:51
  Make sure you're taking that Bitcoin into self custody.
• 8:54
  There's some debate on how this Bitcoin strategic stockpile will
• 8:58
  take place, but I think the signal remains, Bitcoin is a
• 9:03
  legitimate thing and people have to take Bitcoin seriously.
• 9:06
  And now Bitcoiners are in the highest levels of office and you
• 9:10
  just love to see it. Bitcoin's winning.
• 9:12
  Bitcoiners are winning. I, I, I feel really good as a
• 9:15
  Bitcoiner today. And of course, we got an all
• 9:17
  time high last night as the election was happening.
• 9:20
  It was a double victory for Bitcoiners yesterday.
• 9:23
  Not only do we get the, the US government to kind of step back
• 9:27
  a little bit, but the price is running and you just love to see
• 9:30
  it. Anyways, Nico, I'm getting
• 9:32
  excited. What's your thoughts on all this
• 9:34
  stuff? How are you feeling this
• 9:35
  morning? Yeah, I mean, yesterday was a a
• 9:38
  historical night, you know, that you you had a you know, the
• 9:42
  Trump win is going to be considered one of the greatest
• 9:45
  comebacks in American history. The media onslaughts, the
• 9:48
  assassination attempts, the, the impeachments, the conviction,
• 9:52
  the questionable election, you know, like, and the fact that,
• 9:56
  you know, he came through and this was the first pro Bitcoin
• 10:01
  candidate. And now we have a pro Bitcoin
• 10:04
  candidate in the White House. And now the Bitcoiners have
• 10:09
  become part of the donor base. And you know, as Washington DC
• 10:15
  works, it's, you know, it's, it's kind of run by its donors,
• 10:17
  right? So it's a big, big win for the
• 10:20
  industry. Now in regards to the strategic
• 10:23
  reserve, we'll wait and see. I like the way that Trump
• 10:27
  approached it in Nashville. Obviously, you know, RFK was was
• 10:33
  was able to be a little bit more he, he, he, he, he, he, he, he
• 10:40
  was because he was a third party candidate.
• 10:42
  He would, he was able to say things that were outside of the
• 10:45
  Overton window in terms of the traditional in, in terms of the
• 10:48
  traditional parties. But the way that Trump
• 10:51
  approached it was interesting, right?
• 10:53
  He said though, he'll protect the right to self custody.
• 10:56
  You know, he'll fire Gary Gensler.
• 10:58
  You know, he, he, he dropped the, you know, we're not going
• 11:02
  to sell as long as my administration is in power,
• 11:05
  we're not going to sell any Bitcoin.
• 11:07
  But he knows that an, an executive order only goes so
• 11:11
  far, right? That's why he got Cynthia Lummis
• 11:14
  to go out and quickly after he finished the speech and just
• 11:21
  present the bill in front of the Bitcoin audience.
• 11:25
  Now, does that mean that that bill is gonna be passed?
• 11:27
  No, but I think it is very, very positive that it is extremely
• 11:33
  positive that that you know the Republicans not only won the
• 11:38
  presidency, they also won the Senate and they also won the
• 11:44
  House specifically because part of the Republican Party platform
• 11:48
  was to protect the right to self custody, was to protect the
• 11:51
  right to mine and also end the so-called Operation Choke .2
• 11:56
  point O which has been going after industry.
• 11:59
  I mean you've had the arrest of privacy developers.
• 12:02
  You have the attack on self custody, you had the proposed
• 12:05
  30% Bitcoin mining tax, you had a Caitlin Long's federal banking
• 12:10
  charter denied, right. You know, the attacks by
• 12:13
  Elizabeth Warren, all that. So I think this is this is a
• 12:17
  huge win, you know, for the Bitcoin industry from a
• 12:20
  regulatory perspective, to be specific, Bitcoin doesn't need a
• 12:24
  politician to succeed, but from a regulatory perspective is
• 12:27
  extremely positive. And last thing that I'll say is
• 12:31
  imagine being Ross right now. And, you know, he now knows that
• 12:37
  there is a very high probability that this nightmare that he has
• 12:41
  been enduring over the years is almost done and he's going to be
• 12:45
  welcomed back as a hero by the Bitcoin community.
• 12:49
  He's almost home, you know, a couple months.
• 12:52
  I texted Lynn, Ross's mom yesterday.
• 12:54
  I congratulated her. Yeah, it's a it's a, it's a big,
• 12:58
  it's a big win for for Bitcoiners all around the world.
• 13:02
  Anyways, Nick as a Bitcoin entrepreneur is the CEO of a
• 13:04
  Bitcoin company that specifically focuses on self
• 13:08
  custody. I'm sure you've been playing
• 13:11
  paying close attention to this election.
• 13:13
  And I just want to emphasize this guy's like this is not a a
• 13:16
  partisan issue in terms of the Republicans and the Democrats.
• 13:19
  There are many Democrats that are pro, pro Bitcoin and pro
• 13:23
  crypto, but there is a, a sect of the Democratic Party,
• 13:28
  specifically the Elizabeth Warren camp that hasn't been so
• 13:31
  friendly. So I think it was very, very
• 13:34
  important to send a message that you know what Bitcoiners and the
• 13:39
  Bitcoin industry is here to stay and you're going to have to take
• 13:42
  a seriously, you're going to have to take a serious as a as a
• 13:46
  voting bloc and as a donor base. Nick, what are your thoughts?
• 13:50
  Yeah, I mean, so I think you're exactly right that it's a a
• 13:53
  bipartisan thing in a lot of ways, except for that small
• 13:57
  group of people. Because if you look at some of
• 14:00
  the election results for the Congress and the Senate last
• 14:03
  night, it was pro crypto, pro Bitcoin.
• 14:06
  You know, they they, they brand themselves as pro crypto.
• 14:09
  But I think Bitcoin is really the underlying thing for all of
• 14:12
  them. They were the ones that in large
• 14:16
  part won their races and whether it was Republicans kind of
• 14:20
  flipping major Democrats like Sherrod Brown.
• 14:25
  That was a big race that where Sherrod Brown was the incumbent
• 14:28
  super anti Bitcoin got flipped and and actually sent out of his
• 14:33
  seat in the in this election or Democrats who were keeping their
• 14:38
  seats. And arguably a big part of that
• 14:42
  was the fact that they were pro our industry.
• 14:45
  I think it was a real win for our industry as a whole.
• 14:49
  Like you said that the donor base matters and I think this
• 14:52
  was the first election where our industry was very organized and
• 14:59
  brought the money and that had a huge impact.
• 15:03
  And so I think the like David Bailey in the Bitcoin magazine
• 15:07
  guys getting to Trump and really getting his ear and being able
• 15:13
  to talk to him, bring him to the to Nashville, get him talking
• 15:20
  about Bitcoin and, and on the pro Bitcoin side of things kind
• 15:24
  of broke that damn overall. And suddenly a lot of people
• 15:29
  realized all at once, oh, we shouldn't be ignoring the
• 15:32
  Bitcoin industry. And this is actually very
• 15:35
  favorable to align with from a donations perspective.
• 15:39
  And then I think ideally what happens is, you know, some of
• 15:42
  these people for sure are just doing this from a donations
• 15:45
  perspective. But ideally what happens is they
• 15:48
  take the time now to learn more about Bitcoin, learn how this
• 15:51
  can make our country better, people's lives better, and lean
• 15:56
  in from a philosophical perspective as well.
• 15:58
  And actually use kind of some of those underpinnings to make
• 16:01
  things to improve the the state of things in our country. 100%
• 16:06
  totally. No, I was just going to say
• 16:08
  totally like I, I, I, we would be remiss if we didn't shout out
• 16:14
  David Bailey in the Bitcoin Magazine team, the crypto fund
• 16:17
  Bitcoin pack that they created. What was it, like $136 million?
• 16:22
  Something we keep saying on the show.
• 16:24
  Shouts out to Max Keiser. He who has the Bitcoin makes the
• 16:27
  rules. And now that politics is landing
• 16:29
  on our front door, you can tell that you can't ignore
• 16:32
  Bitcoiners. You can't ignore this movement.
• 16:34
  It is a viable political movement at this point and this
• 16:37
  is just the first election. It's just getting started.
• 16:40
  Anyway, Nico, you want to pop in a little more before we get into
• 16:42
  the show? Yeah, absolutely.
• 16:44
  Opti. Also Opti.
• 16:45
  It seems like Rumble is down right now.
• 16:47
  It's not live. I don't know why it's not up.
• 16:52
  So it's restream new. Any change it's messing?
• 16:55
  There is about 1000 of you guys watching live right now.
• 16:57
  So if you guys are enjoying the show so far, make sure to smash
• 17:00
  that like button Opti. Let's let's jump into the news.
• 17:04
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  All right boys and girls, we're over here on Clark Moody's
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  dashboard. Of course, of course, the
• 21:04
  Bitcoin price is at $74,660, which means the SAT per dollar
• 21:10
  AKA how much the dollar is worth in Bitcoin, AKA how much Bitcoin
• 21:13
  you can buy for a single dollar is currently at 1339 SAT.
• 21:18
  And the current block height, which might be one of the most
• 21:20
  important numbers and Bitcoin is currently at 869,157.
• 21:25
  The market cap in Fiat terms is at $1.48 trillion.
• 21:29
  We're inching up boys and girls. We are in price discovery mode.
• 21:32
  Love to see it. And the Bitcoin versus gold
• 21:34
  market cap is currently at 7.89%.
• 21:37
  Lot of room to run in the hard money game.
• 21:39
  We are coming after the gold market cap.
• 21:41
  It will happen soon. And the total percentage of
• 21:44
  Bitcoin that will ever be issued is currently at 94.18%, which
• 21:49
  means that's currently 19,000,700 and 78399.24 Bitcoin
• 21:55
  that are circulating. You might want to get some
• 21:58
  Bitcoin before it catches on. I, I, I've been hearing rumors
• 22:01
  that there's a lot less Bitcoin on the exchanges.
• 22:03
  You love to see it. Price discovery mode is going to
• 22:06
  be great going into 2025. All right, let's go into some of
• 22:11
  these numbers. Of course, Nick just brought it
• 22:13
  up. It wasn't just Trump that got
• 22:15
  elected. And I think this is a theme that
• 22:18
  we've been talking about here on Simply Bitcoin for a while.
• 22:21
  It's the fact that how we really change things is if we get a lot
• 22:25
  of Bitcoiners in positions of powers, or rather a lot of
• 22:28
  people that are for Bitcoin pro Bitcoin and aren't actively
• 22:32
  trying to fight the Bitcoin industry.
• 22:34
  So I'm over here on stand with crypto.org.
• 22:38
  It should be stand with Bitcoin, but hey, we won't hold it to
• 22:41
  them. And we're going to kind of go
• 22:43
  through some of the people, some of the numbers of how many pro
• 22:46
  Bitcoin, pro crypto people got elected yesterday in the US,
• 22:50
  which I think is very favorable moving forward for every
• 22:53
  jurisdiction. It's kind of the main theme
• 22:55
  we've been talking about on the show since we started to enter
• 22:58
  this election cycle. It's that you can't ignore
• 23:01
  Bitcoin anymore. You have to take Bitcoin and
• 23:04
  Bitcoiners seriously. You can't just call us criminals
• 23:08
  and psychopaths and illiterate financial whatever they've been
• 23:11
  calling us for a long time time. Bitcoin is here and you can't
• 23:15
  stop the Bitcoin trade. So again, crypto election
• 23:18
  updates. Of course, President Trump, he's
• 23:22
  running on a pro Bitcoin platform.
• 23:24
  The Republican Party has become more pro Bitcoin.
• 23:26
  They're talking about protecting self custody, protecting mining
• 23:29
  in the USI mean, he's been kind of joking of what was the meme?
• 23:33
  We're going to make all the big all the Bitcoin in America, like
• 23:35
  made in America Bitcoin. OK, so looking down the line a
• 23:39
  little bit, So in the House of Representatives, we got 253 pro
• 23:44
  crypto candidates elected. In the Senate, we have 16 pro
• 23:47
  crypto candidates elected and we'll go into it a little more.
• 23:51
  So you guys can kind of see some of the people here.
• 23:53
  You can see, you know, whether they strongly support crypto.
• 23:56
  Again, go to stand with crypto.org and you could go to
• 23:59
  your jurisdiction, maybe start to pick some people that might
• 24:03
  be your representatives and you know, get get in contact with
• 24:07
  them if that's up your alley. Of course, yes, Bitcoin now is
• 24:11
  getting embraced on a federal level, but wherever you really
• 24:14
  make changes is on the local level.
• 24:15
  So you know, we're not going to necessarily pick a lane.
• 24:19
  They're both Republicans and Democrats here that are pro
• 24:23
  Bitcoin slash pro crypto, however you want to talk about
• 24:26
  it, but it is leaning a lot to the right.
• 24:30
  A lot of people that are, you know, pro crypto supportive of
• 24:33
  Bitcoin, somewhat crypto, but the point remains the same.
• 24:38
  A lot of Bitcoin are pro crypto people got elected yesterday.
• 24:42
  So I would highly suggest you go in here, check out who in the
• 24:46
  Senate, who in the House of Representatives got elected, who
• 24:50
  you want to get in contact with. Maybe you know, if you're so
• 24:53
  inclined to go work with them and and get in contact with them
• 24:56
  and and tell them that there are bit corners in their
• 24:58
  jurisdiction and you want to hold them accountable to their
• 25:02
  stances on Bitcoin. This isn't just a one.
• 25:05
  You know, one day and we win a victory here.
• 25:08
  It's still going to be a long political battle for the next 4
• 25:11
  years, but it does look like we are getting four years of cover,
• 25:15
  a more pro Bitcoin friendly administration.
• 25:18
  And as a Bitcoiner you just love to see it.
• 25:19
  Nico and I, well, rather more Nico.
• 25:22
  Nico's been joking for, for a while here.
• 25:24
  That man, you know, it got dark for a little bit and if things
• 25:28
  were going as bad as we thought they were, we might have had to
• 25:32
  leave the states. But now it seems like when we no
• 25:35
  longer have to do that. And I mean, look, we got Nick
• 25:39
  here who has a Bitcoin company in the states.
• 25:42
  We've seen the saga that happened with a lot of the
• 25:44
  Bitcoin wallets, the Lightning wallets that left the States.
• 25:48
  We've been covering Operation Choke .2 Point O.
• 25:50
  We've been covering the Samurai arrest it.
• 25:53
  It got a little dark there for a while, but it looks like there
• 25:56
  might be some light at the end of the tunnel.
• 25:58
  So again, go with stand with crypto.org, see who's in your
• 26:02
  jurisdiction, get in touch with them.
• 26:03
  But man, a lot of pro Bitcoin, or at least in this term pro
• 26:06
  crypto people got elected and you just love to see it.
• 26:09
  Bitcoin has a political movement is growing up and now they have
• 26:13
  to take Bitcoiners seriously again.
• 26:15
  Shouts out to David Bailey, the Bitcoin pack that he created,
• 26:18
  the 134 million that they injected into this election
• 26:22
  cycle. Just goes to show that when bit
• 26:24
  corners get organized, we are a force to be reckoned with.
• 26:28
  Remember, there's roughly about 50 million bitcoiners or you
• 26:31
  know, crypto enthusiasts in the US.
• 26:33
  It's a sizable number. This is only going to increase
• 26:37
  and I think as price discovery mode comes in, things are going
• 26:41
  to get really fun once we start to see the retail FOMO.
• 26:44
  Anyways, Nick, I'm gonna pass it to you because yes, we are a
• 26:47
  Bitcoin company in the US, but we're a media company here.
• 26:50
  And as someone that has a Bitcoin company, you know, I'm
• 26:54
  sure you've been watching the landscape.
• 26:56
  You just kind of hit on it. Bitcoin, let's be specific, a
• 26:59
  Bitcoin company that focuses on self custody, which was one of
• 27:04
  the things that has been has been demonized or you know
• 27:08
  they've been coming up with with terms right Nick, like non
• 27:13
  custodial Bitcoin like trying. To make or unhosted wallets.
• 27:16
  Unhosted. Wallets.
• 27:17
  Yeah, that's the big one. Precisely.
• 27:19
  It's like it sounds like you're doing something sneakily bad.
• 27:22
  Can't quite put the finger on what it is, but you know it's
• 27:25
  unhosted so that doesn't sound great.
• 27:27
  Exactly. So you know, and, and you know,
• 27:30
  you're a Bitcoin entrepreneur and you've built your business
• 27:32
  on this. So what are your thoughts on
• 27:35
  this man? Do you, do you, do you think
• 27:37
  we'll, we'll, we'll see. I'm very, very confident we'll
• 27:40
  see a, a, a better regulatory environment.
• 27:43
  What are your thoughts? We'll, we'll for sure see a
• 27:45
  better regulatory environment. I think there's really a couple
• 27:47
  of levels that we could see with this, right.
• 27:49
  So the base case is there will just be less active hostility
• 27:55
  towards our industry, right? So Casa as a Bitcoin company has
• 28:01
  been debanked due to Operation Choke .2 point O approximately
• 28:06
  1.5 times, definitely one time a few years ago by Silicon Valley
• 28:11
  Bank, which subsequently went out of business.
• 28:13
  So we're thankful that they debanked us before they went out
• 28:16
  of business so we could move to a different bank.
• 28:19
  And then even as recently as a few weeks ago, we had one of our
• 28:24
  banking partners need to shift to a different 1.
• 28:28
  And it was questionable whether it was because we were too risky
• 28:31
  as a Bitcoin company or whether that bank is actually just
• 28:35
  having trouble and our our main provider needed to move to a
• 28:38
  different bank behind the scenes.
• 28:39
  But either way, I call it like 1.5 times being debanked thanks
• 28:43
  to Operation Choke Point 2.0. Even just taking their hand off
• 28:49
  of that chokehold from a regulatory perspective will be
• 28:53
  really helpful with just leaving us alone and letting us do our
• 28:57
  thing to build around Bitcoin. And so that's the base case,
• 29:01
  right? It's like, how do we just make
• 29:04
  this a little bit easier, a normal environment for companies
• 29:08
  like us to build something great for people in the US and the
• 29:12
  rest of the world. Then there's the next step up,
• 29:16
  which is like the upside case, which is Trump or the new
• 29:21
  Congress, whoever it is, actually does create some
• 29:25
  favorable regulation for our industry that shares kind of
• 29:31
  here's the rules of the road that protects self custody.
• 29:34
  That's part of the Republican Party's plank.
• 29:38
  And so actually getting that into law.
• 29:41
  I know Cynthia Lummis is really big on that.
• 29:43
  And there's a few other Congress people who are are really big on
• 29:47
  protecting self custody, getting that stuff into regulation.
• 29:53
  Some of those protections, it can actually really allow our
• 29:56
  industry to flourish and companies like Casa to be able
• 29:59
  to flourish because we know the rules of the road.
• 30:02
  The rules of the road are supportive of innovation and
• 30:05
  they're supportive of Bitcoin specific innovation.
• 30:08
  And that is the upside scenario for us.
• 30:11
  I think we probably have. So we've got the, you know, the
• 30:15
  current executive, the presidency and the executive
• 30:19
  branch. We've got them in place for the
• 30:21
  next four years, or at least Trump is in place for the next 4
• 30:24
  years. His cabinet, which as you guys
• 30:26
  were saying earlier is expected to be, have a lot of bitcoiners
• 30:30
  in it. They might make it four years or
• 30:32
  it might be something that's like a couple of years and then
• 30:36
  they transition out. Not everybody in the cabinet
• 30:38
  makes it four years, but so there's some amount of years in
• 30:41
  there where the executive branch is very pro Bitcoin by nature of
• 30:47
  holding Bitcoin themselves and really understanding it.
• 30:50
  And then you've got the Congress, which some amount of
• 30:55
  the Congress people that are in today are going to be up for re
• 30:58
  election in two years, not 4. So in that two year span, it'll
• 31:02
  be really interesting looking at 2026, does this pro Bitcoin wave
• 31:08
  continue and do we get more people into Congress who are pro
• 31:13
  Bitcoin? And does that then increase
• 31:15
  chances from 2026 to 2028 that we actually get pro Bitcoin
• 31:19
  legislation passed? Or is now this window between
• 31:23
  2024 to 2026 where Republicans control the executive branch and
• 31:29
  both houses in the legislative branch?
• 31:31
  Is that the best time to get pro Bitcoin legislation passed?
• 31:35
  So I think that there's, you know, there's some interesting
• 31:38
  kind of decision points coming that will be happening over the
• 31:41
  next two years. And we won't necessarily have to
• 31:45
  wait the full or we won't necessarily have the full four
• 31:47
  years. We'll see what happens with
• 31:49
  Congress in 2026. But getting it done as as
• 31:51
  quickly as possible, I think it's in all our best interest.
• 31:55
  Totally, Nico, this is your time to shine, bro.
• 31:58
  You've been talking politics and Bitcoin all year.
• 32:01
  We've gotten a lot of Flack for it.
• 32:03
  So do you. First of all, before you get
• 32:06
  into your bed, do you feel a little bit vindicated?
• 32:09
  Yeah, I mean, absolutely. But I just want to emphasize
• 32:12
  like, this isn't a, this isn't a fight that we picked.
• 32:15
  Like we didn't go and say hey, all all Bitcoiners now we're
• 32:20
  Republicans and we're on the Republican camp.
• 32:23
  This is what happened after 3 1/2 years of anti Bitcoin
• 32:29
  regulation and it kind of forced our hands a little bit.
• 32:32
  You know, Operation Choke .2 point O of course, when they
• 32:36
  arrested the Samurai wallet developers, when they arrested
• 32:40
  the Tornado Cash developers and then the way that they did it
• 32:43
  was so it like it was so insidious.
• 32:46
  Like first they arrested the Tornado Cash developers, then
• 32:51
  they set a precedent for the first time in U.S. history, the
• 32:54
  US Treasury sanctioned open source software.
• 32:58
  You could see where that goes, right?
• 33:00
  Then Coin Center sued the sued the DOJ for the Tornado Cash
• 33:06
  case. That case got dismissed as soon
• 33:09
  as that case got dismissed, like a month after they arrested the
• 33:14
  samurai wallet developers, right?
• 33:16
  Then you also have the Elizabeth Warren using the tragedy that
• 33:20
  happened in the Middle East to release this bogus article
• 33:24
  coming out of the Wall Street Journal claiming that Bitcoin
• 33:27
  was being used to launder money for terrorism.
• 33:30
  And then it came, it came out after the fact because of, you
• 33:34
  know, all the ruckus that we formed on, on X on Twitter, that
• 33:39
  that turned out to be total bogus.
• 33:41
  And it was actually the GOP majority whip that got the head
• 33:46
  of the Finsen in congressional testimony to admit that the vast
• 33:51
  majority of illicit finance is actually done through the
• 33:55
  traditional financial system. Another thing that I'll bring up
• 33:58
  as well, you know, TD Bank got one of the largest fines in
• 34:04
  history and all they got was a slap on the wrist.
• 34:08
  If anyone in our industry did that, they would literally be
• 34:11
  locked in a box, right? So it's it's, it's this isn't
• 34:15
  justice. It's it's a, it's a double
• 34:16
  standard. Clearly they have it out for the
• 34:19
  industry. I think it's because they
• 34:21
  potentially feel threatened. One of the laws that was passed,
• 34:25
  one of the IT wasn't passed, but one of the bills that was put to
• 34:30
  vote in the House of Representatives was a bill that
• 34:33
  specifically wrote would prohibit the US government from
• 34:38
  developing a central bank digital currency.
• 34:41
  The Republicans voted for the bill and the Democrats by and
• 34:46
  large, again, it's not, it's not monolithic, it's not black and
• 34:49
  white. There are Democrats that are pro
• 34:51
  Bitcoin voted against the central bank digital currency
• 34:54
  bill. So, you know, and then there's
• 34:56
  videos of Elizabeth Warren coming out on record basically
• 34:59
  saying, no, you don't need Bitcoin and crypto CBDC's could
• 35:03
  do all of this stuff, right. So, you know, I'm glad that, you
• 35:07
  know, this this era of, of hostility towards the industry
• 35:13
  is coming to an end. And I hope what happens from,
• 35:17
  you know, the results of the of last night's election is that
• 35:22
  the Democrats like reinvent themselves.
• 35:25
  They really look at the industry and they say, you know what,
• 35:28
  this isn't going away. Bitcoin should not be considered
• 35:32
  a partisan issue. It is a bipartisan issue.
• 35:35
  It is Bitcoin is for everyone and they really, you know, take
• 35:40
  a different look and stance on on on on the entire industry.
• 35:44
  And I want to say like there are Democrats that are pro Bitcoin,
• 35:48
  but I hope that there's more of them.
• 35:51
  I hope I hope they come to terms with the fact that, hey, this
• 35:54
  thing is not going away. Unfortunately, Elizabeth Warren
• 35:59
  did win her re election yesterday, even though her the
• 36:03
  opposing candidate did come close.
• 36:06
  But we are making progress and I think it is the last thing I'll
• 36:10
  say. I think it's going to be
• 36:12
  politically unviable by 2028 to have an anti Bitcoin and anti
• 36:18
  crypto stance full stop. I don't think it's going to be
• 36:21
  possible. I think that if you if you do
• 36:23
  that this whole pro Bitcoin army thing that she's she ran on like
• 36:27
  whatever, I don't think that's going to be popular as more and
• 36:31
  more of the American population starts to adopt non sovereign
• 36:37
  alternatives like Bitcoin. So yeah, I mean, you know, it's
• 36:41
  it's it's it's a big win. I I can't emphasize that enough,
• 36:44
  but I got to say this just because we're celebrating and
• 36:49
  we're happy and you know, Operation Choke .2 point O is
• 36:52
  supposedly over. The work has just begun, right?
• 36:57
  We, we Ross still needs to be free.
• 36:59
  Trump needs to keep his promise. Operation Choke .2 Point O needs
• 37:03
  to end. Like we need to see action,
• 37:06
  right? I suspect there's going to be
• 37:08
  because like I said, bitcoiners are now a part of the Republican
• 37:12
  donor base. But you know, it's talk is
• 37:17
  cheap. Actions are expensive.
• 37:19
  So we shall see. One hundred 100% Nico love to
• 37:23
  see it. It's I I think just to echo like
• 37:26
  the work has just started, especially as a bitcoiner.
• 37:28
  Obviously, like Nick, you know, we got to build the products,
• 37:31
  make sure people are adopting Bitcoin, but this isn't just
• 37:34
  like, oh, we win, we get to go home.
• 37:36
  Nico and I will be here every single day of the week, you
• 37:40
  know, putting their feet to the fire and making sure that things
• 37:43
  are going at least according to what we think should be
• 37:46
  happening. So we'll be here covering all
• 37:48
  this stuff for you guys. But before we go on to the show,
• 37:51
  guys, there is over 1800 of you guys watching the show live
• 37:55
  right now. Smash the like button,
• 37:57
  subscribe, comment, tell us your thoughts on this.
• 38:00
  We are the #1A daily live Bitcoin show.
• 38:04
  Make sure you spread the Bitcoin signal.
• 38:06
  Make sure more people know what's going on.
• 38:08
  And on that note, guys, we're only halfway through the show.
• 38:10
  We still got a jam packed show for you guys.
• 38:12
  Let's get into it. Very special shout out to our
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  and use promo code simply to get a small all right opti what?
• 40:44
  Are we talking about all right guys?
• 40:48
  Again, another running theme. We've been talking about the
• 40:50
  show. I'm gonna just start it with
• 40:52
  some of Nico's original thought, and then I'll maybe I'll just
• 40:55
  pass it over to Nico, get him riled up.
• 40:57
  But Nico, last night, you know the midst of all the crazy.
• 41:00
  Hold on Opti, hold on Opti guys we're about to break 2000 live
• 41:04
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• 41:10
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• 41:14
  1st 40 minutes of the show so smash the like button if you
• 41:17
  guys are enjoying the content so far all right let's.
• 41:19
  Go all right guys. So if you're a regular at simply
• 41:22
  Bitcoin, you know, we constantly be are talking about the fact
• 41:26
  that no one or rather most of the younger generations do not
• 41:29
  trust corporate press or you know, what we call legacy media.
• 41:34
  And and Nico's been on the beat for a while, basically saying,
• 41:37
  you know what we've been thinking here for a long time
• 41:39
  that ever since Elon got Twitter, he freed the bird.
• 41:43
  And last night Nico, Nico was feeling it and you know, he
• 41:46
  tweeted, thank you, Elon Musk. And we aren't the only ones
• 41:49
  who've been covering this. Stephan Libera saying something
• 41:52
  very similar to what we're saying, you know, retire the
• 41:54
  term mainstream media. They are now legacy media.
• 41:58
  It's becoming very obvious. And I think last night was one
• 42:00
  of those moments, watershed moments for a lot of people out
• 42:03
  there realizing that the corporate press, the legacy
• 42:07
  media is a propaganda machine and they are completely detached
• 42:11
  from reality. And we've been covering this on
• 42:14
  the show for like every single day that independent content
• 42:17
  creators are the new voices out there.
• 42:19
  And the majority of people, if you are, you know, under 40, I
• 42:23
  think that statistics are if you are 65 and plus, you're the only
• 42:26
  ones watching the television. Everyone else is getting their
• 42:29
  news from social media apps, you know, like Twitter, like TikTok,
• 42:32
  Instagram, etcetera. Hardly anyone is going to legacy
• 42:36
  media to get their news. And I think yesterday.
• 42:38
  Hold on, hold on, hold on. Let me let me be fair a little
• 42:42
  bit, OK? Like, OK, so in regards to
• 42:46
  because you said something, you said legacy media is a
• 42:48
  propaganda machine. Hold on, hold on.
• 42:50
  OK, So look, we have given these are journalists, they go to
• 42:57
  school for this. You know, they're professionals.
• 43:01
  We rely on them for information. At least that was the theory.
• 43:05
  That was their job. What has happened over the last
• 43:09
  four years or so, really since 2016 and since Trump went down
• 43:14
  the escalator, is that the legacy media started to become a
• 43:18
  little bit more like activists. And, and it's unfortunate
• 43:23
  because that's not that's not their job.
• 43:25
  Their job is to report the news. And This is why you've seen the
• 43:29
  rise of independent media taking its place, because people know
• 43:35
  that if they tune into Joe Rogan, they're more than likely
• 43:39
  going to get a just a regular conversation with no type of,
• 43:45
  you know, political end goals in that politician, in that
• 43:50
  conversation. Then some, not all, but some of
• 43:54
  the interviews that have been happening in legacy media that
• 43:59
  as time progresses, you see these like kind of gotcha
• 44:02
  interviews, like the, the, the reporters in there.
• 44:04
  And you know, they, they're, they have these like questions
• 44:07
  that are loaded. And it's like almost like,
• 44:09
  gotcha, you know? And then they take what the
• 44:13
  person said out of context. And that's why you're seeing the
• 44:17
  rise of independent media. You're not seeing the rise of
• 44:21
  independent media just because you're seeing the rise of
• 44:24
  independent media because legacy media failed to do what their
• 44:30
  job is, which is to be a neutral news source.
• 44:36
  And because they failed to do that, you're seeing independent
• 44:39
  media take its place. You're seeing the likes of Joe
• 44:42
  Rogan. You're seeing the likes of
• 44:44
  Russell Brand. You're seeing the likes of, you
• 44:47
  know, it's not a coincidence, ladies and gentlemen, that X is
• 44:51
  the most popular news platform on the face of the planet.
• 44:55
  I think people are sick and tired of being fed a certain
• 44:59
  narrative and then also being asked to not believe their eyes,
• 45:04
  which is it's, it's insane, right?
• 45:07
  And you know, we are a Bitcoin channel.
• 45:09
  So I'm not going to focus on all the other kind of political
• 45:12
  topic, the hot button issues. I don't want to touch them.
• 45:15
  But I will bring up the example of inflation.
• 45:19
  So when, you know, there was a record amount of money printing,
• 45:25
  there was a record amount of money printing.
• 45:27
  And I remember Janet Yellen and Jerome Powell, they went on TV,
• 45:32
  they went on legacy media, and they said there's going to be no
• 45:34
  inflation. And then, you know, six months
• 45:37
  later, inflation started happening.
• 45:40
  And then they said, you know, it's the supply chains, it's the
• 45:43
  war in Ukraine. It's, you know, it's everything
• 45:45
  and anything. But the fact that the US
• 45:48
  government printed a record amount of money.
• 45:50
  And any anybody that said otherwise that confronted them
• 45:54
  on this, they would say, Oh, no, that's misinformation.
• 45:58
  No, no, no, no, no. It, it, it, it doesn't work like
• 46:00
  that. It does not work like that.
• 46:03
  You know, and I'm going to connect this with the Wall
• 46:06
  Street Journal article that came out that claimed that Bitcoin
• 46:11
  was being used to launder money to fund a war in the Middle East
• 46:17
  that turned out to be bogus. Did that, did the Wall Street
• 46:21
  Journal retract that article? No, it stayed right.
• 46:25
  So This is why you're seeing the rise of independent media.
• 46:29
  You're seeing the rise of independent media become popular
• 46:33
  because it's filling a void because people are they want to
• 46:36
  see truth. That's what it that's what it
• 46:38
  fundamentally comes down to. And independent media and and
• 46:42
  legacy media has completely failed with that really big
• 46:47
  responsibility we gave to them. And you could actually make the
• 46:51
  same argument that governments have failed with the same
• 46:55
  responsibility that their citizens gave them with
• 46:59
  entrusting them with the money. Citizens entrusted their
• 47:02
  governments with money and and governments abuse that trust to
• 47:06
  debase the currency to pay for things that you can make a very
• 47:11
  strong argument are completely unnecessary.
• 47:14
  And we all know that when a government debases the currency,
• 47:17
  it disproportionately affects the lower middle classes, which
• 47:21
  are the people who save in Fiat. So, you know, I, I this time in
• 47:26
  human history, we've been talking about it for the last
• 47:28
  six months or so. I call it the great
• 47:30
  disintermediation, which was enabled by the Internet.
• 47:33
  The Internet started this. Why?
• 47:37
  Because it allowed mass scale peer-to-peer communication and
• 47:41
  mass scale peer-to-peer money, which is Bitcoin.
• 47:44
  And of course, you know, the legacy players, the legacy
• 47:47
  gatekeepers, the gatekeepers of information, the gatekeepers of
• 47:50
  money, of course they're not going to be happy with this.
• 47:52
  But you know, just like hair, just like Biden created a
• 47:58
  situation where it forced bit corners to become political
• 48:03
  because we were persecuted, it's the same situation.
• 48:07
  Like we didn't ask for alternative media sources.
• 48:12
  We were forced to find alternative media sources
• 48:16
  because we were tired of the BS. We were forced to find
• 48:20
  alternative money because we were tired of basically being
• 48:24
  stolen from via currency debasement, right?
• 48:28
  It's not our fault they created that situation in the 1st place.
• 48:31
  And I remember there's this tweet, there's this tweet posted
• 48:36
  by one of the guys that is associated with Coin Center, and
• 48:42
  he has it pinned to the top of his profile.
• 48:44
  And he says, I'm sorry that your warrantless surveillance regime
• 48:49
  was built on the assumption that people would always need
• 48:52
  intermediaries to transact. And you could apply that to
• 48:57
  information. You can apply that to
• 48:58
  communication as well. So anyways, that's my bid on
• 49:02
  that. I know I've been rambling a
• 49:03
  little bit. Nick, how do you feel about
• 49:05
  this? I mean, you know, you've been
• 49:07
  watching on the sidelines. Do you do you have some thoughts
• 49:09
  on this? Yeah, I mean, I, I've got maybe
• 49:13
  a, a different angle take on some of the, the mainstream
• 49:16
  media stuff that you're just talking about because, and
• 49:19
  actually some of this comes from some other people that I was
• 49:22
  listening to on another podcast last week.
• 49:24
  But they made a really interesting point, which was
• 49:26
  that, OK, historically, you go back decades ago when all of
• 49:30
  the, the main kind of three or four news outlets were created
• 49:36
  and they were these sharers of truth, the neutral news as you
• 49:41
  were talking about. Well, over time with the
• 49:44
  Internet that actually that, that just information, the basic
• 49:48
  facts became available in way more places, right?
• 49:53
  It wasn't just the newspapers or the the media stations on TV or
• 49:57
  the radio. You can find the facts yourself
• 50:00
  through Google, through tons and tons of different people and
• 50:03
  publications. So suddenly facts and neutral
• 50:06
  news become commoditized and it actually is no longer that
• 50:10
  useful for people to be tuning into some of these mainstream
• 50:14
  media outlets to get that news because they can get it
• 50:16
  elsewhere. So, So what do the mainstream
• 50:18
  media outlets have to do in order to protect their business?
• 50:21
  They have to go more and more into the opinions, more and more
• 50:26
  into some of this kind of outrage and, and really
• 50:31
  triggering people's emotions in order to get the views, in order
• 50:34
  to get the clicks. And so they become this very
• 50:38
  mass distributed form of kind of emotional triggering and, and
• 50:43
  outrage, right? And so then what happens is
• 50:46
  people recognize that and some people buy right into it.
• 50:50
  And then other people shift and say, no, I want to find a, a
• 50:54
  source that I trust more. And so then you get into the,
• 50:57
  the Internet and kind of the decentralized nature of people
• 51:00
  being able to communicate with each other.
• 51:02
  And you have this huge fragmentation of people who
• 51:08
  speak to a basically a niche, like a very specific niche of
• 51:12
  people. And they have their audience
• 51:14
  that they're able to find and make a reasonable sized audience
• 51:18
  due to their reach over the Internet.
• 51:20
  And they can give the news, give their opinion, be a real person
• 51:25
  to this niche audience that follows them and and is really
• 51:30
  bought into them as their source of truth.
• 51:33
  And so Rogan's like a great example of this, but he's way on
• 51:36
  the big end of things. You've it goes all the way down
• 51:39
  the spectrum to even really small niches.
• 51:41
  And so I think that that fragmentation is something that
• 51:44
  will continue to be here to stay.
• 51:47
  And then some of the platforms like X, YouTube, Noster, et
• 51:52
  cetera, et cetera, are the enabling rails on which all of
• 51:56
  those smaller kind of sources of truth and sources of opinion
• 52:02
  actually distribute their their content.
• 52:05
  And so I think that that change is almost a structural 1 driven
• 52:09
  by the Internet that like even if CNN, Fox, MSNBC, etcetera,
• 52:15
  wanted to stay neutral because of the structural
• 52:18
  commoditization of facts, they've almost been forced into
• 52:22
  this realm of of opinion. And unless they completely
• 52:27
  changed how their business worked and really probably
• 52:29
  shrunk what their business focused on, they were kind of
• 52:34
  doomed to go into this loop that probably ends up with them
• 52:37
  significantly less powerful in 50 to 100 years than they were
• 52:42
  fifty to 100 years ago. So I think that's a very like
• 52:46
  interesting take on this that it's a lot of it's structural
• 52:49
  and and likely unavoidable unless huge changes were made to
• 52:53
  their business. It's interesting and and then
• 52:55
  that kind of explains why a lot a very interesting perspective,
• 53:00
  Nick, that kind of explains why a lot of these, you know,
• 53:04
  so-called journalistic institutions are so pro
• 53:06
  censorship because they essentially want to get rid of
• 53:09
  the competition. They want to go back to the to
• 53:11
  the good old days, right? So it makes sense.
• 53:14
  No, it's it's, it's fascinating and.
• 53:16
  And I think we have to be, I think we have to be careful too.
• 53:18
  Like I think Elon buying X like definitely gave more of a voice
• 53:23
  to people who were previously like being censored on X or
• 53:29
  elsewhere, right on YouTube or whatever, whatever it is.
• 53:32
  And I think that's been very helpful, but I don't know about
• 53:36
  you guys, but I noticed that over the last couple of weeks,
• 53:39
  my ex feed was just getting hammered by seeing basically
• 53:43
  Elon and Trump, pro Trump like messaging, right?
• 53:48
  And so it kind of swung the other way for me.
• 53:52
  And maybe I was doing something wrong by like engaging, like
• 53:55
  watching the video and engaged with it.
• 53:57
  And then the algorithm was like, he wants more of this, but I
• 54:01
  think it could easily swing either way.
• 54:04
  And so this is where it's like, OK, ideally the, the right way
• 54:08
  to do this is to lean into fragmentation and lean into
• 54:12
  like, what kind of echo chamber do you want to be in, I guess?
• 54:17
  And then if you need the neutral news, you have to figure out how
• 54:19
  to kind of see across that spectrum.
• 54:22
  And maybe tools like Noster are, are useful for this where you
• 54:26
  can choose kind of the algorithm that you want to run on.
• 54:29
  But I, I was definitely feeling a little bit worried about the
• 54:34
  fact that I was really getting a lot of pro Elon, pro Trump stuff
• 54:40
  in my feed. And sure, before I might not
• 54:42
  have seen that at all, but now I'm only seeing that how do I
• 54:47
  get, And so I'm asking that question of myself of like, how
• 54:49
  do I get to, to see both sides so I can make an informed
• 54:52
  decision for myself. And some of that is still pretty
• 54:55
  difficult. You have to be, you have to
• 54:57
  really put a lot of attention into how you curate your feed
• 55:00
  and curate your algorithm in order to do that well.
• 55:03
  And I sometimes worry that not everybody puts in that time.
• 55:07
  No, of course, because it, it, it takes a level of, of, of
• 55:10
  technical know how and, and, and and I love and, and Nick, you
• 55:14
  mentioned something earlier and kind of buried the lead there.
• 55:17
  And I think it's very, very important not to just rely on
• 55:22
  one platform. And what I love about Noster and
• 55:26
  the protocol is that there is no algo.
• 55:29
  So it's just like you scroll on, you scroll on Twitter and you
• 55:34
  get angry, you scroll on Noster and you're like, this is nice.
• 55:39
  You know, people are posting about their family and having a
• 55:42
  good time and all that stuff. So, yeah, but but very, very
• 55:46
  interesting perspective, Nick, in terms of how these plot, how
• 55:50
  these legacy media outlets didn't do this because they
• 55:54
  wanted to, but they did this because they were forced to
• 55:57
  because of just how the Internet completely changed things, buy
• 56:02
  and hold. So it's a very, very unique
• 56:03
  perspective anyways, Opti. Yeah, I just want to, I just
• 56:06
  wanted to say one last thing because I think it makes Nick's
• 56:09
  point very clear. We did see what was it like a
• 56:11
  week or two ago, Jeff Bezos did that opinion piece with the
• 56:14
  Washington Post essentially saying like Americans don't
• 56:17
  trust media. We have to re evaluate our, you
• 56:20
  know, newspaper operandi and and they basically blame like
• 56:25
  podcasters and independent media as like why they're losing.
• 56:29
  And it just goes to show that, yes, peer-to-peer communication
• 56:32
  as well as peer-to-peer transactions are going to
• 56:35
  fundamentally change the course of humanity.
• 56:37
  And we're seeing it play out in real time.
• 56:39
  And we are the front line soldiers just coming out here
• 56:41
  every single day. You guys ingesting the
• 56:43
  information, ingesting the content, like we are on the
• 56:47
  front lines. Every single one of us has
• 56:48
  Bitcoiners as people that want to know the truth.
• 56:51
  And just again, like doubling down on what Nick said, you're
• 56:54
  seeing that the legacy media, the corporate press, they are
• 56:57
  having to take a notice to this. They are bending the knee to
• 57:00
  this and they have to adjust stuff, so as much as there will
• 57:04
  be some bad, there'll be some good.
• 57:05
  It's not only it's not only that Opti, it's that like like Rogan,
• 57:10
  it look, and I tweeted this out yesterday too.
• 57:13
  Yet yesterday was the first election that I didn't watch on
• 57:18
  legacy media. I had the Crowder stream pulled
• 57:22
  up. I had the Bitcoin magazine
• 57:24
  stream pulled up. I had like, you know, just my
• 57:28
  favorite streamers that were covering the election and
• 57:31
  getting the results. That's what I was watching.
• 57:33
  I wasn't watching CNN or Fox News.
• 57:36
  That that's that's the first time that ever happened.
• 57:38
  And to, to kind of add to Nick's point, like, how do you compete
• 57:42
  with, you know, a full production staff cameraman, you
• 57:46
  know, writers, you know, a giant studio with just people that
• 57:52
  just buy a microphone, get a camera, build up an audience by
• 57:55
  themselves. Like, you know, who's gonna win
• 57:58
  that game in the long run? It's incredibly obvious.
• 58:01
  ANYWAYS, the the Internet is a beautiful thing, but it's also a
• 58:04
  very disruptive thing. But you know at the end of the
• 58:07
  day, I have Bitcoin in self custody, so I think I will I'll
• 58:10
  be all right anyways guys let's get to the culture we have lots
• 58:13
  to talk about let's check it out here we go we're going to talk
• 58:16
  about Casa and of course we have the CEO, Nick Newman.
• 58:20
  Let's check it out. Here we go.
• 58:34
  Hi everybody, I do want to give a shout out to our sponsor, the
• 58:37
  Orange Palapse Stack Friends. To stack Sats, join the 12,233
• 58:42
  bitcoiners that are currently on the app.
• 58:44
  To get started, scan the QR code or check the link in the video
• 58:47
  slash podcast description. The Orange Pull app is the
• 58:51
  number one Bitcoin social layer. So what does that mean?
• 58:55
  When you're traveling, you're going to a new city, perhaps
• 58:58
  you're going to Bitcoin conferences.
• 58:59
  There's so many of these days and you don't know any
• 59:01
  bitcoiners around you. The Orange Pull app is for you.
• 59:04
  You pull it up, has a really clever geographical feature and
• 59:07
  it will show you the bitcoiners that are near you and it will
• 59:10
  give you the ability to send them a message so that you can
• 59:13
  connect with them directly. It's a great networking app.
• 59:17
  It's probably a pretty good idea to build up that Bitcoiner
• 59:21
  network that you know and create those beautiful, beautiful
• 59:25
  circular economies. It's also one of the best ways
• 59:28
  to reach me and Opti, you want to send me a question?
• 59:31
  Don't really answer Twitter DMS these days, but you could send
• 59:33
  me a message on the orange pull up and I'll make sure to get
• 59:37
  back to each and every single one of you guys.
• 59:39
  So anyways, let's open up this conversation.
• 59:42
  Let's talk about Casa Casa guys for anyone and and they're not a
• 59:47
  paid sponsor or anyone is a paid sponsorship or anything, but it
• 59:51
  is a it's a company that I've personally recommended to to
• 59:56
  family members so that they can have the benefit of multi sig
• 1:00:01
  Bitcoin. So essentially, you know when
• 1:00:05
  you go down the Bitcoin rabbit hole, and I know Nick, Nick, I
• 1:00:08
  know you know what I'm going to be talking about.
• 1:00:10
  When you go down the Bitcoin rabbit hole, first thing you do
• 1:00:13
  probably is you buy yourself a Ledger.
• 1:00:15
  Then you know the the value of that Bitcoin on that Ledger
• 1:00:19
  starts to go up and you're like, wait a second, can I really
• 1:00:22
  trust this thing? And then you end up on the 25th
• 1:00:25
  word and then you're like, wait a second, ledger's clothes
• 1:00:29
  source. Can I really trust this?
• 1:00:32
  And then you eventually come around to multi sig.
• 1:00:37
  So the way that multi sig works is essentially think about it
• 1:00:40
  kind of like a safety deposit box in order for you to spend
• 1:00:45
  your Bitcoin instead of instead of signing with just one key,
• 1:00:50
  you need multiple keys from different signatures in order to
• 1:00:54
  send that Bitcoin. So the most popular ones are the
• 1:00:57
  two of three and the three of five.
• 1:01:01
  And it really, really kind of depends on your personal setup.
• 1:01:05
  So you can do this on your own. You could set up a multi sync
• 1:01:08
  set up on your own. The thing is with my family
• 1:01:12
  members, I don't do that. Why?
• 1:01:14
  Because it could potentially end up in a disastrous situation.
• 1:01:19
  So This is why companies like Casa are incredible to help you
• 1:01:25
  benefit from, you know, the benefits of multi sig Bitcoin
• 1:01:32
  and they also make it incredibly convenient with their app.
• 1:01:35
  So if you're not, if you're not exactly, you know, tech savvy,
• 1:01:42
  you know, and you haven't paid your dues and spend hours and
• 1:01:45
  hours on Electrum and Sparrow and making every mistake known
• 1:01:48
  to man. The Casa app makes makes using
• 1:01:55
  multi sig Bitcoin incredibly easy, convenient, and it also is
• 1:02:01
  is made in a way so that it's very difficult to make a
• 1:02:05
  catastrophic mistake. So anyway, so I'm going to pull
• 1:02:09
  up the the website Opti right here.
• 1:02:13
  So Nick, I gave a little bit of my interpretation of what Casa
• 1:02:18
  is, just how I've recommended it to people, how I've seen it.
• 1:02:23
  What is Casa? What is what?
• 1:02:26
  What is the what is Casa? Who would you recommend it for?
• 1:02:31
  So Casa, we built Casa to make self custody easier for people.
• 1:02:37
  And it's the focus is how do we look at every single problem
• 1:02:42
  that you could have self custody in your Bitcoin and get rid of
• 1:02:47
  that for you? Because we ultimately the more
• 1:02:50
  people that are able to self custody their Bitcoin, the
• 1:02:52
  better for Bitcoin and the better for people because you
• 1:02:55
  actually get to control your money.
• 1:02:58
  You don't have to worry about whether the bank is doing the
• 1:03:01
  right thing with your money, right?
• 1:03:02
  So this is the, it's in the first line of the white paper,
• 1:03:06
  right? You're, it's about people being
• 1:03:08
  able to transact without going through an intermediary.
• 1:03:11
  And so making it easier for people to self custody is what
• 1:03:15
  cost is all about. And as we were building the
• 1:03:19
  company from the very start back in 2018, we said, well, what's
• 1:03:22
  the best way to make self custody safer, Safer against
• 1:03:28
  risk of loss, safer against risk of theft?
• 1:03:31
  Just make it so that people can be a human, they're able to make
• 1:03:34
  a mistake with their keys and not have one mistake ruin
• 1:03:37
  everything. And the best way to do that is
• 1:03:39
  through multi sig. And a lot of people when they
• 1:03:41
  hear about multi sig, they're kind of like, that sounds
• 1:03:44
  complicated. That sounds like too much for
• 1:03:47
  me, the average person to do. And maybe it is if you're not
• 1:03:50
  using the right tool, but with Casa, we've really worked hard
• 1:03:55
  on making it as simple as possible for people to use multi
• 1:03:58
  sig. And honestly, if you're
• 1:04:01
  depending on what your setup is in Casa, it can be easier than
• 1:04:04
  using a Ledger to use Casa. So basically the gist of how it
• 1:04:09
  works is you've got, at our basic kind of level, you've got
• 1:04:12
  a key on your phone, a key on a hardware wallet, and a key
• 1:04:14
  that's held by Casa. And then you need any two of
• 1:04:18
  those 3 keys to actually move Bitcoin.
• 1:04:20
  So that means if you lose your hardware wallet, you can still
• 1:04:24
  use the key that's on your phone and the key that's held by Casa
• 1:04:26
  to move your Bitcoin. And then you can bring bring in
• 1:04:30
  a new hardware wallet, use the other two keys in order to
• 1:04:33
  recover the funds and you're back to full health.
• 1:04:36
  So this lets you make a mistake, lets you be a human without
• 1:04:40
  losing all of your money, which is critical, especially as the
• 1:04:42
  value of your Bitcoin is going up like it is right now.
• 1:04:46
  So that's the core problem that we've solved.
• 1:04:49
  But then we've realized that there's other things we can
• 1:04:51
  solve problems for in self custody, like inheritance.
• 1:04:55
  This is it. The thing that we repeatedly
• 1:04:57
  heard over and over again from our customers.
• 1:04:59
  What happens if I die? Like I feel good about myself
• 1:05:02
  custody, but if I die, my family doesn't know what to do with
• 1:05:05
  these private keys. And so we actually just used
• 1:05:09
  multi sig to solve the inheritance problem because you
• 1:05:14
  can set it up in such a way that your family has access to not
• 1:05:18
  enough keys to be a risk to your Bitcoin before you pass away,
• 1:05:22
  but enough keys after you pass away in order to to move the
• 1:05:26
  Bitcoin and still access it. And so it's a really elegant
• 1:05:30
  solution for a really big problem for people that are self
• 1:05:33
  costing. And what we're seeing lately is
• 1:05:35
  Casa. People are coming to Casa, you
• 1:05:39
  know, pretty technically savvy that maybe they're doing a multi
• 1:05:43
  sig already with Sparrow or they're, they've got a 25th word
• 1:05:46
  on their Ledger or whatever it is.
• 1:05:48
  And they're coming to Casa relatively technically savvy.
• 1:05:51
  But they're coming for inheritance because they know I
• 1:05:54
  want to make sure that just in case something happens to me, my
• 1:05:57
  family has what they need, they're going to get Casa's
• 1:06:01
  help. They're going to have Casa's
• 1:06:03
  software there to help them access this because they're not
• 1:06:06
  going to be able to do it with Sparrow or Electrum or what have
• 1:06:09
  you. Yeah, absolutely.
• 1:06:11
  And and this is exactly why I recommend I I recommend Casa to
• 1:06:16
  to to my family members just because it is So what this is
• 1:06:21
  what tends to happen, ladies and gentlemen, and look, look, so
• 1:06:25
  you are the Uncle Jim of your family.
• 1:06:27
  So you we recommend your Bitcoin to your family members and blah,
• 1:06:31
  blah, blah. My mom's been a hardcore
• 1:06:33
  Bitcoiner since I got in 2016 and she's like, and the Fed and
• 1:06:37
  all that stuff. 21 million, you know, number go up forever, but
• 1:06:40
  I'm like, mom, could you send me a Bitcoin transaction?
• 1:06:43
  She'll be like, I don't know, right.
• 1:06:47
  So I set her up on, you know, a a two of three or three of five.
• 1:06:52
  I'm not going to be specific on which one.
• 1:06:54
  And you know, there's been multiple times where my mom has
• 1:06:57
  lost a key and the Casa app makes it incredibly easy for you
• 1:07:04
  to replace that key. So like no damage is done.
• 1:07:08
  Like you, you lose one of those, you know, three of five keys or
• 1:07:12
  you lose one of those, one of the the, cuz there's multiple
• 1:07:15
  options, right Nick? There's you can have.
• 1:07:17
  Two of three or three of five. Yeah, but the two of three, like
• 1:07:20
  you can have a key on your phone, but you could also choose
• 1:07:23
  to use two hardware wallets instead as well, right?
• 1:07:25
  Yeah, so. And that's for the people who
• 1:07:27
  are like, oh, I, I don't really want to trust having a key on my
• 1:07:30
  phone with Casa, right? You can always at the two of
• 1:07:33
  three level you can swap that out for a second hardware
• 1:07:35
  wallet. Yeah, so again, it's all based
• 1:07:38
  on what people choose. And one of the things that
• 1:07:41
  happens is, OK, she loses a key and you go through the Casa app,
• 1:07:45
  it says I lost a key. And you plug in the new hardware
• 1:07:49
  wallet and bada Bing, bada, boom, your wallet's fine again,
• 1:07:53
  right? And it gives you a nice little
• 1:07:55
  haptic feedback as well when you do it, so it makes you feel
• 1:07:58
  good. You get the confetti.
• 1:08:00
  Yeah, you get the confetti and the haptic feedback and then I
• 1:08:03
  know that every six months or so you guys ask for key checks,
• 1:08:07
  right? Which I think are very
• 1:08:08
  important, right? Cuz with self custody comes
• 1:08:12
  great responsibility, ladies and gentlemen.
• 1:08:14
  And you know, you think your, your, your, your, your seeds are
• 1:08:19
  fine and you're sending all that Bitcoin to that cold storage and
• 1:08:23
  then, you know, six months later you're like, wait a second,
• 1:08:26
  actually, I don't have those keys, right?
• 1:08:29
  So you guys remind people about like every, I don't know what it
• 1:08:32
  is like every couple of months, every couple of months to kind
• 1:08:36
  of like double check, find out what's going on and you know,
• 1:08:40
  and follow up. So you guys just also announced
• 1:08:44
  the the enterprise solution. So could this is for for
• 1:08:50
  specific here it says maximum maximum security for your
• 1:08:53
  Bitcoin treasury. So I'm assuming this is for
• 1:08:57
  Bitcoin companies or any company in general that wants the
• 1:09:01
  benefit from the wants the benefit from multi sig.
• 1:09:05
  Yeah. So we've noticed, I mean, you,
• 1:09:08
  you look at micro strategy, right, they've, they've been
• 1:09:11
  very successful with the Bitcoin treasury strategy.
• 1:09:14
  And we've just noticed that other companies, Casa included,
• 1:09:19
  have started that are much smaller than micro strategy,
• 1:09:22
  have started doing the Bitcoin treasury strategy for themselves
• 1:09:25
  and putting some portion of their treasury into Bitcoin,
• 1:09:29
  particularly Bitcoin companies, right, that are like they've
• 1:09:32
  maybe gone and raised a little bit of money from VC and they
• 1:09:36
  take some of that investment and they put it into Bitcoin and
• 1:09:41
  that Bitcoin as an appreciating asset on their balance sheet
• 1:09:44
  becomes a huge advantage for them as a startup.
• 1:09:48
  And so the thing the problem was they didn't really have a
• 1:09:55
  purpose built solution for securing that Bitcoin.
• 1:10:00
  And so people are either kind of we're kind of hacking together
• 1:10:04
  their own kind of multi sig setup or they were keeping it on
• 1:10:09
  an exchange or with a custodian, but didn't feel great about
• 1:10:12
  that. But felt like, well, this isn't
• 1:10:14
  my own personal holdings. Maybe I need to do something
• 1:10:17
  that fits within kind of my fiduciary duty as a as an
• 1:10:21
  executive of a business. I can't just have this on a
• 1:10:24
  single key, You know that if I lose it, I lose all of my
• 1:10:27
  business's money. So what we built is a really
• 1:10:31
  easy way for people to use Casa as a business.
• 1:10:35
  You can set teammates up who are going to hold keys on your team.
• 1:10:39
  You can add people to view your account like your accountants.
• 1:10:43
  Like one of the things that we've realized over time, just
• 1:10:47
  holding our own Bitcoin treasury with our own product is like, it
• 1:10:51
  was kind of a pain to give the information about how much
• 1:10:54
  Bitcoin we had to our accountants.
• 1:10:56
  So we made really easy ways for you to do that, like boring
• 1:11:00
  stuff, right, that you have to do as a business, which is make
• 1:11:04
  sure your accountants can see how much Bitcoin you have.
• 1:11:07
  Make sure your accountants can run the compliance checks to
• 1:11:11
  know you actually do have the keys.
• 1:11:14
  All of these things that I think weren't weren't really packaged
• 1:11:18
  together well. And So what we did was take
• 1:11:21
  these initial set of problems that we knew we were running
• 1:11:24
  into ourselves and that we knew a couple of our you know,
• 1:11:28
  Bitcoin company clients were running into and build a
• 1:11:32
  solution specifically for that. And so we just launched it last
• 1:11:36
  week. We're really excited about this
• 1:11:38
  because especially going into next year where there's the
• 1:11:41
  Bitcoin price is going to be going up a lot.
• 1:11:43
  All of these companies that have invested, you know, maybe a
• 1:11:46
  relatively small part of their treasury, 5 to 10% into Bitcoin,
• 1:11:51
  suddenly that five to 10% is going to grow to be 20%, thirty
• 1:11:55
  percent, 50% of their treasury. And they're going to need way
• 1:11:59
  better security. And so we're here for them to
• 1:12:04
  have a solution that fits for what they need as a business.
• 1:12:08
  No, and, and, and I, I think we're, we're going to and, and
• 1:12:11
  it's a, it's a problem, man. It's, it's a problem because you
• 1:12:15
  know, you, you don't want to find yourself in a situation
• 1:12:18
  where, where I don't want to name any specific companies, but
• 1:12:22
  a lot of these large companies are outsourcing their custody to
• 1:12:27
  third parties, specifically Coinbase.
• 1:12:30
  Coinbase has a. Lot of, I think Microstrategy's
• 1:12:32
  got a bunch of Bitcoin on Coinbase.
• 1:12:34
  They probably got some with Fidelity.
• 1:12:35
  I've been trying to get Sailor to take a little bit of that and
• 1:12:39
  put it into self custody just to protect against some of that
• 1:12:42
  systemic risk. Exactly.
• 1:12:44
  So, you know, ideally you, you want these companies, you want
• 1:12:49
  individuals because fundamentally guys like that's
• 1:12:51
  what's going to change things. What's going to change things is
• 1:12:54
  individuals holding their own wealth and what's beauty what
• 1:12:59
  what's beautiful about this product as well, too, is
• 1:13:03
  specifically with the two of three or the three of five is it
• 1:13:07
  gives you the ability to make a mistake and not lose access to
• 1:13:10
  your Bitcoin. But you guys also hold a key in
• 1:13:14
  case of an emergency. So let's say you do a two of
• 1:13:19
  three and you lose one of your keys.
• 1:13:22
  It's OK because Casa could sign that transaction for you after a
• 1:13:29
  certain, you know, set of things have been met.
• 1:13:31
  It's either like a seven day waiting period or you have to
• 1:13:34
  confirm your face, something like that, put a put like
• 1:13:37
  passwords or something. But after you meet that certain
• 1:13:42
  criteria, Casa will sign on your behalf.
• 1:13:45
  So it kind of like functions as a sale, a fail safe.
• 1:13:49
  But at the same time, Casa can't spend that Bitcoin on your
• 1:13:53
  behalf because they only have one of the two of three or one
• 1:13:58
  of the three of five. And you need at least two of the
• 1:14:01
  three keys to spend or you need at least three of the five keys
• 1:14:05
  to spend, right? So that's really cool as well.
• 1:14:08
  And one of the things that you guys announced at Bitcoin 2024,
• 1:14:14
  which I thought was really, really interesting, is you guys
• 1:14:17
  added the UV key because you know, for a lot of people and
• 1:14:23
  I've, I've just been used to dealing again, I'm the Uncle
• 1:14:25
  Jim, right? I've just been doing, used to
• 1:14:29
  dealing with older individuals and older, you know, people that
• 1:14:33
  perhaps they've, you know, they're used to banking and
• 1:14:36
  they're used to this. And then I'm like, yeah, here's
• 1:14:38
  a Ledger and, you know, you press these two buttons on the
• 1:14:41
  top and you plug it into your computer and they're like, what
• 1:14:44
  the fuck is this shit? So you guys announced the Ubi
• 1:14:47
  key at a Bitcoin 2024 and I'm assuming you guys announced that
• 1:14:52
  to to make it easier for individuals to spend their
• 1:14:57
  Bitcoin. Yes.
• 1:14:58
  And I'm trying to find one right now so that I can just show
• 1:15:01
  everybody what they look like because it is like really
• 1:15:05
  simple, which is great because yeah, here's one.
• 1:15:12
  All right. Sorry about that.
• 1:15:13
  So like you said, what we found was OK, even though we've made
• 1:15:18
  the cost of software very easy to use and we've made it so
• 1:15:22
  messing up with a hardware wallet is less of a big deal,
• 1:15:25
  people still feel very worried and they just don't like using a
• 1:15:30
  hardware wallet. There's something about this new
• 1:15:32
  form factor, this tiny screen, you're clicking the buttons,
• 1:15:35
  like you were saying, just doesn't feel great for people
• 1:15:39
  who are are new to holding their own keys.
• 1:15:41
  And so UB keys are these little devices that look like this.
• 1:15:46
  They've this has a private key and the ability and a chip that
• 1:15:50
  can do secure computation on it. And these have been around for,
• 1:15:55
  I don't know, 10 years or something like that.
• 1:15:57
  And historically they've been used just in non Bitcoin related
• 1:16:01
  security applications. So you can use one of these for
• 1:16:04
  two FA on your critical accounts like your Apple ID or your
• 1:16:08
  Google account. Highly recommend doing that.
• 1:16:12
  We made it so that you can use this to store Bitcoin key.
• 1:16:15
  And so all it takes is literally plugging this in and tapping it
• 1:16:21
  and you've signed a Bitcoin transaction, sorry, plug it in,
• 1:16:25
  tap it into your PIN and then you've signed a Bitcoin
• 1:16:28
  transaction. So that pin is great because it
• 1:16:31
  it helps protect against somebody stealing the Ubikey
• 1:16:33
  itself. So we think this is a game
• 1:16:36
  changer because it really makes it simple for people to have a
• 1:16:41
  separate cold device that stores their private key and then use
• 1:16:46
  that as part of a multi sig in order to make multi sig more
• 1:16:50
  approachable, makes off custody more approachable.
• 1:16:53
  So that's the big kind of unlock from that we announced at
• 1:16:58
  Bitcoin Nashville and this is something people have been
• 1:17:01
  loving it. It's already the third most
• 1:17:02
  popular hardware device in since we launched it.
• 1:17:06
  Of all the people who have signed up for Casa since then,
• 1:17:09
  the UBQ is the third most popular hardware device after
• 1:17:12
  Trezor and Ledger. So it's a it's been a really big
• 1:17:17
  win for us and we're really excited about how much everybody
• 1:17:20
  loves it. Yeah, absolutely.
• 1:17:21
  Because it again, it just makes it makes the whole process, you
• 1:17:26
  know, easier. And again, if you're
• 1:17:31
  transitioning from and like, let's be real guys, the, the
• 1:17:34
  vast majority of people that hold the wealth are, are the
• 1:17:37
  older generations, right? And you're, you're going up to
• 1:17:40
  them. You're like, yo, I got you a
• 1:17:42
  cold card or a passport, you know, and they're going to look
• 1:17:46
  at you like, what the fuck are you?
• 1:17:48
  Excuse me, what the F are you talking about?
• 1:17:50
  So the easier you make it for them, the less I want to pull my
• 1:17:56
  eyes out as Uncle Jim because I'm the one getting all the
• 1:17:58
  phone calls so. And then they graduate to cold
• 1:18:02
  card eventually, right? Like a cold card is going to be
• 1:18:05
  more secure than a Ubi key. You have a screen to verify your
• 1:18:10
  transactions, all that kind of thing.
• 1:18:12
  But as part of a multi say the Ubi key is still incredibly
• 1:18:16
  secure. So, but eventually if somebody
• 1:18:19
  gets a little, they get further down the Bitcoin rabbit hole,
• 1:18:21
  maybe they want to swap that Ubikey out for a cold card.
• 1:18:24
  And that's great. You can use a cold card with
• 1:18:26
  Casa. You can use a pass foundation,
• 1:18:29
  passport, cold card, Ledger, Trezor, Ubikey.
• 1:18:33
  So we, we support all of these different hardware wallets and
• 1:18:37
  we see that people use all of them.
• 1:18:40
  I had, there's a good question in the chat here, somebody asked
• 1:18:43
  if the UB key supports a, a seed phrase and what do you do if you
• 1:18:47
  lose it? So yeah, it has a seed phrase on
• 1:18:50
  it because we're actually generating the private key and
• 1:18:53
  putting encrypting it on and storing it on the UB key.
• 1:18:56
  And that has a seed phrase and you can export that at any time
• 1:18:59
  to be able to transfer to a different key or to use in
• 1:19:03
  sovereign recovery if Costa goes out of business.
• 1:19:06
  So all of these things are, you know, it's the same kind of
• 1:19:10
  functionality that you have with the normal hardware wallet.
• 1:19:13
  And if you lose it, it's part of your multi sig.
• 1:19:15
  So you lose it. You can either recover it if you
• 1:19:19
  have the seed phrase or you swap in another key and use your
• 1:19:21
  other keys to to recover your funds.
• 1:19:23
  So it's it. It works very similarly to how
• 1:19:27
  you would use a hardware wallet. Beautiful.
• 1:19:29
  And I, I know that you guys recently announced that you guys
• 1:19:32
  did add passport support, passport to support as well.
• 1:19:37
  Is that correct? Yeah, we did.
• 1:19:38
  And we, we have a couple people on our team that love the
• 1:19:41
  passport batch to say it's really awesome.
• 1:19:44
  And so we're excited to be supporting that now.
• 1:19:47
  And, and I especially like the fact that with the Passport, you
• 1:19:51
  know, you don't have to plug it into your computer.
• 1:19:53
  So you're using the Casa mobile app, you just scan the the
• 1:19:56
  Passport QR code, it does everything and it just straight
• 1:20:01
  on your phone and the passport you don't have to go through
• 1:20:04
  plug in a treasure into a computer, that kind of thing.
• 1:20:07
  Absolutely, 100%. Well, Nick, it was an honor to
• 1:20:10
  have you on the show today. Guys, you want to go check out
• 1:20:13
  Casa www.casa.io to get started again.
• 1:20:19
  Makes taking self custody easy. This is the perfect
• 1:20:23
  recommendation that I would give to family members, older family
• 1:20:26
  members, and perhaps if you're thinking about inheritance as
• 1:20:30
  well. It's a great product to
• 1:20:33
  recommend because they they made it human friendly.
• 1:20:36
  And also, I don't want to say idiot perf, but it's it's
• 1:20:40
  difficult. It's pretty close to idiot
• 1:20:42
  proof. I mean, it's difficult.
• 1:20:44
  To make mistakes. It's difficult to lose access to
• 1:20:47
  your Bitcoin if you have if you're using Casa for self
• 1:20:50
  custody. Yes, it is.
• 1:20:52
  You have to, you have to really try to, to do things and it
• 1:20:56
  honestly, as long as you just follow what the Casa app tells
• 1:21:01
  you to do, you're going to be good.
• 1:21:03
  Absolutely. And you guys have a great
• 1:21:04
  support system as well. Yep, Yeah, we do.
• 1:21:07
  That's AI mean this isn't, this isn't Coinbase.
• 1:21:10
  You're not going to e-mail us and not hear for back for days,
• 1:21:13
  right? You're going to hear back within
• 1:21:14
  24 hours. Perfect.
• 1:21:16
  I love that anyways guys, this was simply Bitcoin live for
• 1:21:19
  November 6th 2024. I'm I'm your Co host today,
• 1:21:23
  Opti's the host today and our special guest is Nick Newman,
• 1:21:29
  CEO of Casa. Head over to Casa dot IO to get
• 1:21:33
  started. All right, love you all.
• 1:21:35
  I'll see you guys tomorrow. Peace out.
• 1:21:37
  Thanks guys. It was brought to you by
• 1:21:40
  bitcoinwell.com, a Bitcoin only platform on a mission to enable
• 1:21:44
  financial independence.