Latest / Simply Bitcoin / How Much Bitcoin do You Need to Retire by 2030? | EP 988
Transcript
- 0:02It's all. Going to zero against Bitcoin.
- 0:06It's going on forever. You're against Bitcoin.
- 0:16You're against freedom yo. Welcome to simply Bitcoin.
- 0:24You're number one source for the peaceful Bitcoin revolution
- 0:26cover we can use Culture Matic Warfare will be your guide
- 0:28through the separation of money in state.
- 0:31Guys, welcome to Simply Bitcoin live stream the most watched
- 0:34daily Bitcoin only live show on YouTube.
- 0:36Rumble, Annex. Sit back.
- 0:38Relax, enjoy the ride. We have a lot to talk about
- 0:40today specifically. This is a subject that when we
- 0:43cover, you guys absolutely love it.
- 0:45So we're going to cover it again.
- 0:47How much Bitcoin do you need to retire by the year 2030?
- 0:52So we have all these different resources and little you know
- 0:56tools that you guys can apply. You guys could do yourself at
- 0:59home and apply it and you know see how it works for your
- 1:03financial situation. But you know TLDR is just keep
- 1:08stacking those sats and you know it's going up forever.
- 1:11Laura, so really excited about today's episode.
- 1:14This is apparently a topic that you guys like to talk about that
- 1:17you guys like that when we when we cover it And also we're gonna
- 1:21introduce a little bit of a of a different variable because this
- 1:24is actually something that popped up on my radar recently.
- 1:28And what I gotta say about any model I I forget what the famous
- 1:32saying is that like any every model ends up being wrong.
- 1:35But some could be useful. Something along those lines is
- 1:38the Bitcoin power law. That seems to be the one that is
- 1:42making the rounds lately. But it's really interesting.
- 1:45Like it's really interesting in terms of like it seems like it's
- 1:49been accurate so far. But I mean again, every model is
- 1:52accurate until you know the next cycle happens and then it's not
- 1:55accurate. So I would take it with a grain
- 1:57of salt, but it is very interesting and the power law
- 2:02aspect of it is interesting as well because apparently a paddle
- 2:06a a power law isn't just applied to Bitcoin it's it's applied to
- 2:11multiple different things. And apparently it it it it
- 2:15applied like you can you can see it in nature.
- 2:17You can see it on a multitude of of different things and you can
- 2:21apply the power law to it and it like you know it it it it like
- 2:25it it maps out what's gonna happen.
- 2:27So in a way it's weird because you like why would you why would
- 2:32you be able to apply that to a financial asset?
- 2:34Well, I mean Bitcoin's different and I think it's different in
- 2:38the sense that, you know there's 21 million, it's super
- 2:42mathematical and it's tied to, it's a better set, it's anchored
- 2:47to energy. So could it be, could it be?
- 2:50I don't know, No one knows. But I I think it's fun to talk
- 2:53about, it's fun to bring up. We also have the the creator of
- 2:57of or or basically the person that discovered the power law as
- 3:01it applies to Bitcoin, Giovanni, Santo, Santo, Stasi.
- 3:06We have him actually coming on simply Bitcoin IRL to further
- 3:08explore the topic. So really excited to start
- 3:11talking about Bitcoin's power law.
- 3:12We've never done so on simply Bitcoin.
- 3:14Also in the number section we have three different three
- 3:18different topics from three notable different bitcoiners
- 3:22that are really interesting topics.
- 3:24And again it's just little little historic milestones and
- 3:28little historical examples of the primary you know primary
- 3:32theme theme of this show which is the separation of money and
- 3:35state. So I'm really excited.
- 3:37It's going to be a great show and of course we have a very
- 3:41special guest today. We have Vendetta from Coin Way.
- 3:45Vendetta always drops the hot fire when he comes on simply
- 3:48Bitcoin, So we're really, really excited for him to to be on the
- 3:52show today. How you doing Vendetta?
- 3:54Fantastic, bro. How you doing?
- 3:56Good man, it's another day making Bitcoin content.
- 3:59Can't complain Drinking my electrolytes.
- 4:02I I, I I was getting these crazy headaches.
- 4:04And then when I like it was it was my dad or someone who told
- 4:07me he's like, and I was like taking Advil.
- 4:09I was like, no, dude, you just got to drink your electrolytes.
- 4:11And now, like, if you just drink electrolytes, you don't get
- 4:13headaches. It's like a total life hack.
- 4:15So if anyone has headaches, just drink electrolytes.
- 4:18Yeah, you got to stay hydrated. You know, you talk all day
- 4:20trying to convince people about the importance of self custody.
- 4:23Your mouth goes dry 100 times. Right, exactly, exactly.
- 4:28All right. And I also want to bring up my
- 4:29legendary Co host who is always optimistic.
- 4:32The one, the only the the optimist feels.
- 4:34How you doing Opti? Well, to be honest, Nico, I'm
- 4:38still reeling from Opti. Gate 2024.
- 4:40Hashtag free Opti. No, no.
- 4:43I'm just trolling. It's beautiful, man.
- 4:44I I couldn't complain. Life's great, you know?
- 4:46Blocks are coming in. We're on the Bitcoin standard.
- 4:50We get to create in paradise. It's absolutely beautiful being
- 4:53a bitcoiner. But guys, hey, you know, show
- 4:56Nico some love. Take it easy on him in the chat,
- 5:00you know. What was it going, Ham?
- 5:01They're. Nah, they're trolling a little
- 5:03bit. They're trolling a little bit.
- 5:04But I did kind of reflect yesterday a little, Nico, you
- 5:07know, the Overlord. I got the call from the
- 5:09Overlords yesterday and I had to reflect on my rhetoric.
- 5:13No, no, actually, I was reading, I was reading a book and it
- 5:17really made me think, you know, like, what is our goal here at
- 5:19Simply Bitcoin? And our goal is to get as many
- 5:23people to hold Bitcoin as possible.
- 5:25And with that comes how do we spread the Bitcoin message more
- 5:30effectively. And part of that is like, I
- 5:33think effectiveness in how we talk about Bitcoin can take many
- 5:37forms. Like you can effectively troll
- 5:39people, you can effectively speak to the choir, or you try
- 5:43to do what we do here and be as the most effective we can to
- 5:47break out of the Bitcoin echo chamber.
- 5:49And so that's what we're trying to do.
- 5:51And hey, you know, I, I, I sometimes get a little wild and
- 5:56crazy. But that's why I had to wear my
- 5:58shirt today, You know, I had to wear my, my, my epic shirt that
- 6:02I love completely. Because I think what we're doing
- 6:05here, and what most people don't understand is that Bitcoin
- 6:10supersedes all modern politics and and supersedes everything
- 6:15that we know to be true right now.
- 6:17And it really, I think gets to the core of like, how do we
- 6:20achieve a higher culture, a higher society?
- 6:23And that all starts with how we say all the time, fix the money,
- 6:26fix the world. And so we are always trying to
- 6:30better our rhetoric, tweak our message so that more people
- 6:34understand what Bitcoin is. So yeah guys be easy on Nico he
- 6:38we're we're we're we're we're we're still perfecting our
- 6:42messaging so that more people understand why we Bitcoin.
- 6:45I mean me and V for Vendetta were talking before the show.
- 6:48It's like it's amazing how people still don't understand
- 6:53Bitcoin. Like, it's so obvious to us, but
- 6:55there's still a lot of mental hurdles, There's still a lot of
- 6:57education out there that we need to not only improve on, but just
- 7:01get the message out there. So guys, we still got a long way
- 7:05to way to go. But hey, bitcoins working, it's
- 7:08beautiful. I love being a bitcoiner.
- 7:10I love stacking stats. I love talking about Bitcoin and
- 7:14and you know, thinking towards the future instead of looking
- 7:17backwards and being nihilistic and and sad and and in fear.
- 7:21It's like, man, there's so much hope if you understand what is
- 7:24actually going on in the world, and that's what we try to do
- 7:28anyways. Rant over Nico.
- 7:30Bro Optimus fields. And you can tell I read a book
- 7:33for. For once, no and and.
- 7:36Yeah, no and and just to kind of address a lot of the comments,
- 7:39guys, I think I think a lot of you, if, if you guys, there's a
- 7:47method to the madness. We want to be as inclusive as
- 7:51possible because we want to get as many people on our side of
- 7:55the football before the hammer falls.
- 7:59Like that's the reality. So there's a certain way to do
- 8:02that. And when you start saying
- 8:04certain things in a certain way, what it does is that it excludes
- 8:08people. And we want to be inclusive as
- 8:11possible on this show because we believe that you don't change
- 8:17Bitcoin, Bitcoin changes you. So instead of attacking people
- 8:25head on in terms of their politics, all you got to do is
- 8:28you got them to if you, if you get them to take the orange
- 8:31pill, Bitcoin does many things. So that's kind of been like the
- 8:35philosophy at simply. But at the same time, I hear you
- 8:39guys in the chat and yeah, yeah, free Opti, Free Opti 20. 20
- 8:46Blink twice if I'm being held hostage right now.
- 8:50The Overlords are calling my phone as we speak.
- 8:54No, no, I'm. Trolling.
- 8:54I'm trolling, guys. I'm trolling, all right.
- 8:57All right, guys, Friday I got a meme review, too.
- 8:59Let's go. All right, let's start the show.
- 9:01We have a lot to talk about today.
- 9:03Let's check it out. Here we go.
- 9:04But before we do that, I do want to give an extremely special
- 9:08shout out to the Bitcoin company that powers the show, our lead
- 9:11sponsor. Of course I'm talking about
- 9:13Bitcoin. Well, Bitcoin well is the best
- 9:15to build your automatic self custody Bitcoin stack.
- 9:19It is a self custody by default platform, future proof of your
- 9:23money. What does that mean?
- 9:24What does self custody by default mean?
- 9:26That means that you can't buy Bitcoin on Bitcoin.
- 9:29Well, unless you're going to take self custody as soon as the
- 9:32funds clear, it literally sends the Bitcoin from Bitcoin.
- 9:36Well straight to your Bitcoin address.
- 9:39You don't have an option to just leave it on the exchange right?
- 9:42Which perfectly aligns with the simply Bitcoin ethos of the
- 9:45separation of money and state, because after all, self custody
- 9:49is the revolution. So guys, go to coinwell.com
- 9:53today. You can use
- 9:54bitcoinwell.com/simply if you prefer and you can get started.
- 9:59All you got to do is you put in your e-mail, you, you know, you
- 10:02do the verification process. There's a transparent 1% fee.
- 10:06It's a Bitcoin only platform and like we said, it's completely
- 10:10non custodial. I believe it's the first Bitcoin
- 10:12on RAMP in the US to be non custodial by default.
- 10:16So guys support self custody by default.
- 10:19Bitcoin on RAMPS Visit bitcoinwell.com/simply today All
- 10:24right everybody, let's get to the numbers.
- 10:28The Bitcoin numbers. Is your Bitcoin in cold storage
- 10:31really secure? Is your seed phrase really
- 10:34secure? Stamp seeds?
- 10:36Do it yourself. Kit has everything you need to
- 10:39hammer your seed words into commercial grade titanium plates
- 10:43instead of just writing them on paper.
- 10:45Don't store your generational wealth on paper.
- 10:49Papers prone to water damage, fire damage.
- 10:52You want to put your generational wealth on one of
- 10:54the strongest metals on planet earth, Titanium.
- 10:57Your words are actually stamped into this metal plate with this
- 11:00hammer and these letter stamps. And once your words are in, they
- 11:04aren't going anywhere. No risk of the plate breaking
- 11:07apart and pieces falling everywhere.
- 11:09Titanium stamp seeds will survive nearly triple the heat
- 11:12produced by a house fire. They're also crush proof,
- 11:15waterproof, non corrosive, and time proof.
- 11:18All things. That paper is not allowing you
- 11:20to huddle your Bitcoin with Peace of Mind for the long haul.
- 11:23Stamp your seed on stamp, seed. Because do you want to put
- 11:27yourself in a situation where your grandchildren absolutely
- 11:31hate you? No, you don't want to do that
- 11:33because you want to pass them your generational wealth, right?
- 11:36And the way that you do that is by properly securing your
- 11:40Bitcoin seed words, right? And one of the best ways to do
- 11:43that is to stamp them into freaking titanium, one of the
- 11:47strongest metals on planet Earth.
- 11:49So what you could do is you could scan the QR code.
- 11:50It'll take you directly to the stamp seed website.
- 11:53You can use promo code simply to get 15% off anything on the
- 11:57site. Guys, I'm joking a little bit
- 12:00with the grandchildren joke. Forgive my dad jokes.
- 12:03I just became a dad. But it's probably not a good
- 12:06idea to write down your seed words on paper, especially for
- 12:10the long term. So get yourself a stamp Seed
- 12:13Seed phrase Storage Kit. At the time of recording, the
- 12:16Bitcoin price is 60,810 block height, 842,874 SAT's per
- 12:25dollar, 1644 market cap 1.2 trillion Bitcoin priced in gold,
- 12:3325.9 ounces Bitcoin versus gold market cap 7.4% percentage
- 12:39issued 93.79% declined from all time high 17.6% forward Monetary
- 12:47inflation .85% realized monetary inflation 1.68% completely
- 12:54taking Fiat currencies to absolute school and that
- 12:57inflation number is going to keep getting cut in half
- 13:01forever. Anyways, I have three different
- 13:04tweets covering 3 completely different things, but I think
- 13:08they're equally as important. So first tweet is coming from
- 13:12Patrick Webb says the IRS will now target individuals who
- 13:16threaten the US government's ability to govern, a vague new
- 13:19criterion for criminal investigation.
- 13:22This includes protesters of Foreign Relations under the
- 13:25guise of national Security, according to its updated
- 13:28operating manual. It goes on to say, according to
- 13:31the IRS, National security refers to the National Defense
- 13:35of Foreign Relations of the US and includes within the Treasury
- 13:37context, U.S. economic volatility, global
- 13:41competitiveness, market sensitivity, and tracking
- 13:44terrorist assets slash financial crimes.
- 13:47Meaning, the IRS is expanding its scope to include a broad
- 13:50range of individuals, potentially including Americans
- 13:53protesting their government's Foreign Relations to day traders
- 13:56and its investigative efforts. Now what's really interesting
- 13:59about this is at the very top, like who defines what the
- 14:05Treasury defines at like the IT? Like what is market sensitivity?
- 14:10What if they say that Bitcoin is a threat to the market
- 14:14sensitivity? We've heard this a million times
- 14:18in the in the Binance DOJ press conference, they literally
- 14:22mentioned the word terrorism and like like at least 30 times.
- 14:26And that's literally like my face turned white when I heard
- 14:29it and I was like, holy shit, they're going to go after self
- 14:31custody. Fast forward a couple, you know,
- 14:33a couple months, here's where we are.
- 14:35So like the fact that they, you know that this is even a thing
- 14:39that they can get the tax collectors, which they recently
- 14:41increased to just go after certain political opponents,
- 14:47it's it's crazy, but at the same time should not surprise you,
- 14:50once again predicted by the book, the sovereign individual.
- 14:53So that's topic number one. Do you guys have any thoughts on
- 14:57this before I move on to the next tweet?
- 14:58I mean just super simply, like rewriting laws to clamp down on
- 15:02on Capitol is not only absolutely terrifying, but
- 15:04completely not surprised. By this.
- 15:06We knows what happens when empire start to crumble.
- 15:10The institutions try to fight back.
- 15:13And then what's your take on this vendetta?
- 15:15Yeah, I completely agree, man. This is like a wounded animal
- 15:18stuck in a corner and not knowing what to do.
- 15:20And so they trying to do anything possible just to win.
- 15:24When you know ultimately defeat is staring them in the face,
- 15:27that's, you know, that's basically what I see.
- 15:30Did I just hear you say we were winning?
- 15:32Yeah, of course we're winning. Why would we get this type of
- 15:35reaction if we weren't winning, If, if nothing, if nothing we
- 15:39were doing, you know, amounted to much.
- 15:41None of this stuff. You you would never be reading
- 15:44any of this stuff. It's because Bitcoin is
- 15:46dominating. It's because of custody is on
- 15:49the rise. It's because people are aware of
- 15:51what's really going on and and understanding the truth that all
- 15:56these scare tactics, all these rabid actions are coming about.
- 16:01This is definitely expected, but this is the sign of a of a
- 16:04losing power. You know, whenever you have to
- 16:06resort to to to tyranny and corruption, you've already lost
- 16:10the game. You know, you attract more
- 16:13power, you know with with innovation, with innovation and
- 16:16incentives, rather than, you know, these destructive
- 16:20techniques. You know, I don't see this
- 16:22ending well in any way, shape or form.
- 16:26I completely hate. Before, before we move on, I do
- 16:29want to just reiterate what V for Vendetta just said.
- 16:32It's like because we are so effective and what we do
- 16:37actually has a meaningful impact on what things are doing.
- 16:41That's why they are attacking us.
- 16:43Keep going 100%, guys. There's about 800 watching you
- 16:47or 800, that'd be bad. There's about 800 of you guys
- 16:51watching between I. Mean.
- 16:52That's not a lie either. Between YouTube Rumble and X So
- 16:56if you guys are enjoying the show really helps with the algos
- 16:59if you guys smash the like button.
- 17:02So if you're watching us on Twitter, YouTube rumble smash
- 17:05The like button helps push the orange signal.
- 17:07Sec's second tweet is by Brad Mills.
- 17:10He goes on to say a middle class factory worker wants to wire
- 17:13$45,000 of his own hard earned money to buy Bitcoin in Canada
- 17:19and RBC is straight up blocking Higgs exit.
- 17:22They do not want you taking your money out of the banking system.
- 17:25Get out while you can. Canadians need more Bitcoin,
- 17:29need Bitcoin more than ever. If anyone wants to write a story
- 17:33about this, it's a saga going on for 2.5 weeks now.
- 17:36He's been trying to buy Bitcoin since April 20th.
- 17:39The bank, quote UN quote lost his money in the wire system for
- 17:43a week. Trying to fresh, fresh frustrate
- 17:47him out of buying BTC at every step.
- 17:50By the way, Opti and I recently just went through this.
- 17:53When we as a company, we're trying to get paid from someone
- 17:58located in Canada and guess what, it was an absolute effing
- 18:02nightmare. You know what was very easy to
- 18:04do? Receive Bitcoin.
- 18:06Also Adam O'Brien, CEO and founder of of Bitcoin well his
- 18:11wife just got debanked, right? So and again I'm I'm sure it's
- 18:15because she is associated with her husband who has been
- 18:18debanked and why has he been been debanked?
- 18:20Maybe it's the fact that he's the CEO of a Bitcoin on RAMP,
- 18:24right. So what are your guys takes on
- 18:26this? Yeah, I mean, again, like I say
- 18:30it all the time, Canada is just absolutely shooting themselves
- 18:34in the kneecaps. And again, Canada is always a
- 18:38test bed for really bad ideas that will eventually get
- 18:41exported out into every other Western country.
- 18:45So I'm not surprised at all. But I mean, I think the biggest
- 18:48news and I really like Adam O'Brien's tweet on on him
- 18:53getting Deepak, he's like my housewife, my wife.
- 18:56That's simply just a housewife is terrifying the bank so much
- 19:00because of her last name and now she's debanked.
- 19:02It's absolutely ludicrous and said. 100% What's your take on
- 19:06this vendetta? Well, again, it's confirming the
- 19:09Bitcoin truth. I mean, Bitcoin was created to
- 19:12put an end to theft. And by doing all all these
- 19:16things, by restricting access to your own money, it's just
- 19:20confirming that you know the the it's shedding light on the truth
- 19:24that you know, Bitcoin is encroaching on on a thief's
- 19:28bread and butter and they want to put an end to it as much as
- 19:30possible. And the more people get out of
- 19:33this system, the quicker, the quicker they sink.
- 19:37So what else do you want them to do?
- 19:40You know, when you're encroaching on their territory,
- 19:42they're going to push back. But ultimately it's a losing
- 19:45battle because Bitcoin is the best money out there.
- 19:49It's the hardest money out there.
- 19:51The only issue with it is that most people still don't
- 19:53understand anything about it, let alone money in general.
- 19:57But that's coming, you know, as as more pain you know comes
- 20:00about in the economy and people start affording less and less
- 20:03things, questions are going to be asked.
- 20:05You know and you know advice is going to be given and.
- 20:08Ultimately, all roads will lead to Bitcoin.
- 20:11Where else are you gonna go? Yeah, 100%.
- 20:15Eventually all roads lead to Bitcoin.
- 20:17All right, last topic of the day, gentlemen, and kind of a
- 20:20follow up to yesterday's episode.
- 20:24I'm gonna make it more more obvious today.
- 20:30I'm going to ask a rhetorical question.
- 20:33All right, so crypto really is a bipartisan issue, says Alex
- 20:38Thorne. 20% of likely voters in swing states say it's a quote
- 20:43major issue in the 2024 election.
- 20:46And these voters are split on party lean 45% Republican, 42%
- 20:51Democrat, 13% independent. Now, Alex Thorne asked the
- 20:56question. It's national Dems who have
- 21:00chosen to make it partisan and potentially lose votes over it.
- 21:04Why I'm Now I'm going to ask the rhetorical question again,
- 21:07because you guys didn't get the hint yesterday.
- 21:09You know, why are Democrats in the federal government, not all
- 21:13of them against Bitcoin? I don't know why.
- 21:17I'll let you guys come up with why you think that is.
- 21:22Anyways, Opti, what's your take on this, bro?
- 21:24Isn't it crazy? Because this is what this is The
- 21:27case that we've been making for so long, right?
- 21:30Is that Bitcoin is all inclusive.
- 21:35It doesn't matter whether you're independent, Republican or
- 21:37Democrat. Doesn't matter what your
- 21:39specific political ideology is. Bitcoin is for you.
- 21:43Bitcoin helps you. The progressive case.
- 21:46Bitcoin is the most equitable, equal money the world has ever
- 21:48seen. It banks everyone around the
- 21:51world doesn't judge you based on where you happen to be born in.
- 21:56The more conservative right wing talking points is Bitcoin
- 22:01protects your wealth from from from the insidious taxation of
- 22:06monetary debasement. It also helps you with
- 22:09unconfiscatable wealth, right? So it literally helps everyone,
- 22:12doesn't matter where you're coming from.
- 22:14But isn't it interesting? Isn't it interesting that
- 22:17despite the fact that their voter base is super pro Bitcoin,
- 22:23there are some politicians in Washington DC that come from a
- 22:26certain political party that, you know, don't support Bitcoin?
- 22:30I wonder why that is. Once again, that is a rhetorical
- 22:33question because I guess you guys didn't pick that up
- 22:36yesterday. Anyways, Opti, what's your take
- 22:39on this, bro? And love your shirt.
- 22:42Yeah, exactly. You know, I knew.
- 22:43I knew there's a reason to wear this shirt.
- 22:46Yeah, I really, I really like that tweet by Alex Thorne.
- 22:48I I think, you know, obviously I also learned through visuals, so
- 22:52I I really enjoyed seeing some charts and stuff.
- 22:55But on that note I did find another website today or
- 22:58yesterday, sorry that I found very interesting and it's stand
- 23:02with crypto.org/politicians and I was trolling with my friend
- 23:06yesterday and you know it's like at what point do you go on there
- 23:10and check your your local state representatives and start
- 23:13shaming them about their stances on Bitcoin because it's becoming
- 23:17very clear. So again stand with
- 23:18crypto.org/politicians go look them up and I mean it's very
- 23:22obvious it's like I I'm starting to not really like the Bitcoin
- 23:27is for enemies meme even though it it's a good meme.
- 23:30But it's like you can tell how muddy the water is in regards to
- 23:35people thinking around Bitcoin because like it's very obvious
- 23:39when you if you exchange Bitcoin or the dollar there like no one,
- 23:43no one out here is like Oh yeah, like of course anyone can hold
- 23:46dollars. Like yeah there's there's no
- 23:48like gatekeeper. Well I mean there is some
- 23:50gatekeepers to the dollars but as an as an average person
- 23:53you're like, yeah like if if a guy I don't like holds dollars,
- 23:57like it's it's like it is what it is.
- 23:59But when it comes to like Bitcoin, you know, there's
- 24:01there's like this visceral knee jerk reaction, It's like, no, he
- 24:04can't hold Bitcoin. And it's like, look, I'm just a
- 24:06guy here, it's a permissionless network.
- 24:08Anyone can hold Bitcoin if they see the value in Bitcoin.
- 24:11And and that's the beauty of Bitcoin is that there is no
- 24:14Overlord telling you that you can't hold Bitcoin.
- 24:17But again, go check out Stan with crypto.org/politician.
- 24:20It's a pretty interesting website.
- 24:22But but Oh yeah, go. On you go.
- 24:23I'm gonna, I'm gonna ask an open-ended question because you
- 24:26guys didn't make pick it up yesterday.
- 24:28Maybe it could be that Bitcoin exposes incentives and maybe it
- 24:32could be that anyone who is for a more a government that has
- 24:36more control over its people, maybe Bitcoin isn't for them,
- 24:40Maybe it could be that. I don't know for sure.
- 24:43But anyways, I do want to give a shout out to the Super chat from
- 24:47Victor Julian. Thank you for the $20, he says.
- 24:50I'm just trying to get rid of some Fiat I got laying around
- 24:53the house. It's probably a good idea
- 24:55because that Fiat is literally a melting ice.
- 24:57Cube, give me all your Fiat. I'll take it.
- 25:00Did we get another one, Jong? Appreciate the $20 man.
- 25:03Thank you. You young men will guide the
- 25:05future to a better world, says a boomer.
- 25:07I appreciate that. Vendetta, What's your hope?
- 25:10Well, Vendetta, what's your take on this?
- 25:12Because it's interesting because if you ask the populace, they're
- 25:17all pro Bitcoin. They're like this is great, but
- 25:19it seems like there's a certain subsect of politicians and it
- 25:23again it's you know it's on both sides of the aisle 1 aisle more
- 25:28than the other that is against against their constituents let's
- 25:34let's put it night, let's put it bluntly.
- 25:36So what's your take on that? Yeah, man, I mean you you based
- 25:40on my story, where I come from, when I've, you know, experienced
- 25:43the entire decimation of a country and had my entire life
- 25:46ripped, you know, ripped apart, you know, essentially rug
- 25:49pulled. When you go through something
- 25:51like this, you know your views on life and politicians and
- 25:53governments, you know, takes takes a 180, you know, and
- 25:56doesn't go back. It exposes the incentives
- 25:59exactly as you said. There are no good people, you
- 26:02know, in, in, in, in in many governments.
- 26:06There are no good people. These are people that have this
- 26:09psychopathic illusion that somehow they own you, that they
- 26:13have the right to dictate how you're going to live your life,
- 26:16how you're going to spend your money, what you're going to eat,
- 26:19etcetera, etcetera. And you cannot change this by
- 26:22replacing one piece of shit by another.
- 26:25It's not just it's not going to work that way.
- 26:27The only way you're going to fix this is by castrating them at
- 26:32the knees and by removing the power of money from all of them,
- 26:35which obliges them to do what they're supposed to do in the
- 26:391st place and that serve the country and serve the people,
- 26:42not their own interests. That is the mole that must be
- 26:46completely broken and never allowed to be put back together.
- 26:50A. 100%. That's what I think about this.
- 26:54Beautiful. Beautifully said.
- 26:55Of course. YouTube, we we're talking in a
- 26:57metaphorical sense, right? But, but yes.
- 27:01Of course. One 100% the, the and I wanna
- 27:08kind of dig a little bit deeper into that right.
- 27:11This is because, just in case people aren't aware, we have a
- 27:14misaligned incentive structure in the political level.
- 27:17Because politicians are not incentivized to do good by their
- 27:21constituents because of the money printer, so it actually
- 27:26allows them to circumvent their constituents.
- 27:28They don't really care. They're actually incentivized to
- 27:30get as close as humanly possible to the money printer.
- 27:34If you separate money from state, what happens is that the
- 27:37only mechanism of which politicians have to raise
- 27:40revenue is via direct taxation. Good luck winning an election,
- 27:45or good luck raising taxes on people that don't like you,
- 27:49right. Then they become incentivized to
- 27:52actually do good by their constituents.
- 27:55We live in a world where it's misaligned incentive structure,
- 27:59and that's why you're seeing the behavior coming out of
- 28:02Washington, DC No one's better than their incentives.
- 28:05They're just following their incentives.
- 28:07That's all they're doing, right? This is why the separation of
- 28:10money in state is so important. Give the power back to the
- 28:14people, right? To give it back to the people.
- 28:16The way you do that is by millions upon millions of
- 28:19individuals all around the world taking back control of their
- 28:23sovereignty, their energy, their wealth.
- 28:25And the way that you do that is by taking Bitcoin into self
- 28:29custody. If enough of us do that, the
- 28:31system will change. That's why you're seeing the
- 28:34reaction from the politicians, the way that they're reacting.
- 28:38This is why they're going after self custody.
- 28:40This is why they're demonizing privacy.
- 28:44Because you're going after their power base.
- 28:47You're going after their ability to create money for free that
- 28:51everyone else has to work for. You're going after their source
- 28:55of control, their source of power.
- 28:57That is fundamentally what's happening.
- 28:59Remember when they started to lecture us about the laws That
- 29:03CZ broke, The laws that Samurai broke?
- 29:07Remember that no banker went to jail for what happened in 2008?
- 29:13And that messed up a whole lot more of people's whole lot more
- 29:17lives than what the samurai guys were doing.
- 29:20So it's a different set of rules for the Fiat cartel than for
- 29:24everyone else, and they're trying to send you a message to
- 29:28let you know that, hey guys, we have special privileges.
- 29:32What Bitcoiners are saying is that no, no, no, no, no no one
- 29:36should have the God like power of creating money for free that
- 29:39another man has to work for. I do want to give a very special
- 29:43shout out to our sponsor and of course I'm talking about the
- 29:47Pleb Party that is happening in Nashville.
- 29:51If you're already going to the Bitcoin 2024 conference in
- 29:54Nashville, you should definitely check out the Pleb Party.
- 29:58It's the day before the conference, Thursday, July 25th.
- 30:03It's a 12 hour open bar from noon to midnight.
- 30:07The last Pleb party in Miami was sold out eight days before the
- 30:11conference. So don't wait to get your
- 30:13tickets. I promise you that anyone and
- 30:16your friends or whatever that are going to the Bitcoin
- 30:18Conference in Nashville, they will most likely end up at the
- 30:22Pleb party. The only thing is that you will
- 30:24not be able to buy tickets at the door and the prices do go up
- 30:28over time so you want to get your tickets quickly before they
- 30:31sold out completely. So confirmed attendees are
- 30:34Larry, Leopard, Preston, Pish. The entire Simply Crew is going
- 30:38to be there, including Nico, Sophie, Opti, Ruston James,
- 30:42Lavish, Robert Breedlove, Mark Moss, Pubby, and of course Tatum
- 30:46Turn up. It's going to be hosted an
- 30:48amazing venue, A rustic automobile factory from 1910
- 30:52with brick walls and tons of proof of work atmosphere.
- 30:55There's going to be over 1000 Bitcoin plebs expected.
- 30:59It's going to be absolutely awesome.
- 31:01You guys don't want to miss the Toxic Happy Hour Bitcoin Pleb
- 31:06Party in Nashville, TN July 25th.
- 31:09Get your tickets now. Scan the QR code or check the
- 31:12link in the podcast video description.
- 31:15All right everybody, let's get to the news.
- 31:17We have a lot to talk about. The Daily News.
- 31:24I wanna give a shout out to our sponsor, Foundation Devices.
- 31:28It's self custody done right. They built a premium grade
- 31:31hardware wallet called Passport right here in the US.
- 31:35It's fully open source and verifiable.
- 31:37It's the most intuitive Bitcoin wallet designed with the UX,
- 31:41reminiscent of a simple feature phone so you will know how to
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- 32:16Check out the passport link in the show notes below to learn
- 32:19more guys. I made it incredibly easy for
- 32:22you guys. Like always.
- 32:23You can literally scan the QR code on your screen.
- 32:26It will take you directly to the Foundation Devices website where
- 32:30you guys can get yourself a Passport hardware wallet.
- 32:33Remember, not your keys, not your cheese.
- 32:36This thing is completely open source, it's incredibly easy to
- 32:38use, and you can pair it up with the Envoy app.
- 32:41And it makes spending cold storage Bitcoin very, very easy.
- 32:47So guys, get yourself a Passport by Foundation Devices.
- 32:50You can scan the QR code or check the link in the video
- 32:53description, everybody. Now let's talk about today's
- 32:56topic, which is how much Bitcoin do you need to retire by 20-30?
- 33:01Well, it kind of depends. Let's let's define it.
- 33:04Let's define it. And of course, I asked.
- 33:07I asked Google. Google took me to this page,
- 33:11which is how much money you'll need.
- 33:13A common rule of thumb is to have at least 25 times your
- 33:17annual expenses saved. This is based on the on the 4%
- 33:21withdrawal rate, which is considered a safe rate to avoid
- 33:24depleting your retirement savings too quickly.
- 33:27For example, if your annual expenses are 50,000, you would
- 33:30need 1.25 million, right? So did a little bit of math and
- 33:37here are the different things. Of course, if you have a you
- 33:41know, a more you know, a a higher standard of living, you
- 33:47know, just multiply that how much money you spend a year?
- 33:51Multiply that by 25 and it will give you roughly the dollar
- 33:55amount. And I think here is the life
- 33:57hack everyone. It gives you roughly the dollar
- 33:59amount of how much you'll need to retire.
- 34:04But the awesome part about Bitcoin is that dollars keep
- 34:08getting cheaper if you're on a Bitcoin standard.
- 34:11So it's not so much a question of if, it's a question of when.
- 34:15So if you make 50 KA year right now, if you retire, if you
- 34:20retire by 40 specifically, you'd need 1.25 million.
- 34:25If you if you need 100K in the year, you'd need about 2.5
- 34:30million. If you need 150 KA year, you
- 34:32need 3.75 million now. If you need, if you have two, if
- 34:36you if your lifestyle requires 200 KA year, you need roughly 5
- 34:41million. Now.
- 34:41It's a pretty high number for most people.
- 34:45But the awesome part about living on a Bitcoin standard,
- 34:49again, it's not a question of when will you be able to afford,
- 34:52it's a question of, I mean it's not a question of if, it's a
- 34:55question of when, if you start saving now.
- 34:58So now let's look at 20-30, what are the what are the what are
- 35:04what are the expected, what are people expecting the price of
- 35:08Bitcoin is going to be in 20-30. Now we are heading a little bit
- 35:12into speculation territory, but you know ARC, this is ARC
- 35:16Invest, you know they don't, they don't F around and they
- 35:19have 3 certain Bitcoin targets. They have the bear case, the
- 35:24base case and the bull case and this is completely dependent on
- 35:29the penetration rate of Bitcoin on all these different things.
- 35:32So the corporate Treasury, remittance rate, National
- 35:35Treasury, emerging market currency economic settlement
- 35:38network, seizure resistant asset, institutional investment,
- 35:42digital gold. And then it puts a percentage
- 35:46point on how much of that the, you know, Bitcoin is
- 35:51penetrating, right? And it makes some assumptions.
- 35:54So on the bear case, which The thing is extremely bearish, we
- 35:58have $258,000 Bitcoin. On the base case, we have
- 36:02$682,000 Bitcoin. On the bull case you have $1.48
- 36:08million Bitcoin. And I also wanna pull up the
- 36:14power law, which I was talking about earlier in the very, very
- 36:18beginning of the show. And it's like this new model
- 36:20that recently came out and you can kind of plug in.
- 36:25I'll explain what it is a little bit.
- 36:27So it says what is the Bitcoin power law?
- 36:29Bitcoin relationship with the power law was discovered by
- 36:32Giovanni Stanstos Sassy when he realized that Bitcoin's price
- 36:36moved in a straight line when it was plotted in a log log graph.
- 36:40This is the only asset that behaves this way, indicating
- 36:43that there is something intrinsic about the nature of
- 36:45Bitcoin which allows it to predict its price into the
- 36:48future. Now there's the like, you know,
- 36:52every model's right until it's not type of thing.
- 36:55And then it goes on to say, according to the power law
- 36:57model, Bitcoin's price is always oscillating around its fair,
- 37:01fair price. We could say that when Bitcoin's
- 37:03price is below its fair price, then it is undervalued.
- 37:07When it is above, then it is overvalued.
- 37:09The bottom price indicates the price which Bitcoin will never
- 37:11go below. And then it goes on to say some
- 37:14math on how it's calculated. And then the last thing is, is
- 37:18the bottom price reliable? Yes, the model has been
- 37:21accurately predicting the Bitcoin bottom for many years
- 37:23now. It has only failed one time,
- 37:25March 13th, 2020. Their price fell below the
- 37:28bottom for only a few hours due to the pandemic Black Swan
- 37:32crash. You can be confident that the
- 37:34price will not go below the bottom unless there is an
- 37:37unexpected worldwide financial crisis.
- 37:39OK, so now let's plug in the 2030 date and let's put in the
- 37:45year. Here we go.
- 37:46If I could do that. There it is.
- 37:49And let's put December 2030 and boom.
- 37:53According to Bitcoin's power law.
- 37:55Remember, it's an oscillator, right?
- 37:57So the bottom could be 220 and the fair price is roughly 500,
- 38:03two 184. Now if you go to the Ark invest
- 38:05and they use a totally different mythology on how they came up
- 38:09with these numbers. You know they came roughly to
- 38:12roughly around the same right bear bear case is around 250,
- 38:17base case is roughly around 682. So 500 to 682 ballpark around
- 38:23the same. So let's say $500,000 Bitcoin
- 38:28for the sake of you know today's episode to to do the
- 38:32calculations right. So how much Bitcoin would you
- 38:36need? For, you know, 1.251.25 million
- 38:40by year 2030? You would need roughly doing the
- 38:45math real quick. You need roughly 2.5 Bitcoin, a
- 38:512.5 Bitcoin to get yourself enough money to retire.
- 38:56If you're spending roughly $50,000 a year, 2.5 Bitcoin
- 39:01currently would cost you around $152,000, so that's roughly
- 39:09A10XI. Think $500,000 Bitcoin by 20-30
- 39:13is an extremely conservative estimate.
- 39:16I think it's going to go a lot higher than that in my personal
- 39:18opinion, but for the sake of this conversation, let's just
- 39:23leave it at that. Also, something to keep in mind
- 39:26with that the Yahoo article didn't take into account is that
- 39:30your runway keeps getting bigger, right?
- 39:34So if you're sitting on $1.25 million of cash for whatever
- 39:39reason, that purchasing power decreases over time.
- 39:43If you're sitting on 1.2, if you're lucky enough to be
- 39:46sitting on $1.25 million worth of Bitcoin, your runway just
- 39:51keeps getting bigger. That purchasing power continues
- 39:54to increase over time. So it's a totally different type
- 39:57of conversation. And I always love to show this
- 40:00this website price in Bitcoin 21.
- 40:03So in U.S. dollar terms, it's about 89%.
- 40:07The dollar is about 89% cheaper, oil is 91% cheaper, gold is 91%
- 40:12cheaper, S&P 500 is 81% cheaper. A house.
- 40:16Even with the housing prices going through the roof, if
- 40:19you've been saving in Bitcoin, on a one year term, housing is
- 40:2269% cheaper, On a three-year term it's 72% cheaper, and on a
- 40:27five year term it's 85.3% cheaper, right?
- 40:31So on a Bitcoin standard, right, what Jeff Booth has always said,
- 40:35it allows you to actually experience the world, the world
- 40:41the way that the world is supposed to be experienced,
- 40:43which is things are supposed to get progressively cheaper over
- 40:47time. It's supposed to be deflationary
- 40:50because of technology. Things get cheaper over time.
- 40:53They're supposed to. It's governments that are
- 40:55stepping in and artificially creating a situation where
- 41:00things are getting more expensive.
- 41:01Things aren't supposed to go that way.
- 41:04Highly recommend his book Price of Tomorrow.
- 41:07Anyways, Now this leads me to the last bit before I get Opti
- 41:11and Vendetta's thoughts. Love this calculator.
- 41:14I'm going to put it in the chat. You guys could play around with
- 41:16it. Shout out to our boy Jimbo that
- 41:21you know that came up with this. But essentially, it allows you
- 41:25to plug in your stack, It allows you to plug in your desired
- 41:30income on a yearly basis, It allows you to plug in the
- 41:33inflation rate, and it allows you to plug in the annual
- 41:37Bitcoin appreciation rate. So let's experiment a little
- 41:41bit. Let's put in the inflation rate
- 41:43currently, which is roughly three, 3%.
- 41:46Let's put in the desired income, which is roughly 50,000, right?
- 41:51Let's be conservative and let's plug in your stack.
- 41:54For the sake of this argument, let's say you have a one Bitcoin
- 41:57stack, right? And it also allows you to play
- 42:01around with the annual Bitcoin appreciation rate.
- 42:04So historically it's appreciated or roughly around 250%.
- 42:08Obviously, I don't think it's going to continue appreciating
- 42:11at that rate, but let's just say for the next 5-10 years, let's
- 42:16be ultra conservative. Once again, let's say that
- 42:19Bitcoin is going to appreciate on an annual cumulative basis
- 42:2440%. I think it's going to be a lot
- 42:26more than that. But let's just say for the sake
- 42:28of this argument, let's be conservative, right?
- 42:31So your personal moon day, meaning you would like you could
- 42:35be taking out 50K every year and because Bitcoin is deflationary,
- 42:43like you know, roughly you wouldn't run out of money,
- 42:45right? Sounds fucking crazy saying
- 42:47that, but here's the math. Your stack is 1 Bitcoin.
- 42:52Your stack value is currently 63 K, your desired annual income of
- 42:5650K and annual USD depreciation rate of 3% and annual Bitcoin
- 43:01appreciation rate of 40%. Your personal moon date, meaning
- 43:05the day that you'd be able to start taking money out, would be
- 43:09May 26th, 2027. Your Bitcoin stack will be worth
- 43:14roughly 246 K by then. Your first daily withdrawal will
- 43:19be .000618 Bitcoin, which would be worth roughly $152.
- 43:27So you can kind of play around with this.
- 43:29Let's say you want a desired income of $100,000.
- 43:33Let's see what the annual your personal moon day.
- 43:36If you work yourself up to one Bitcoin and you want to take out
- 43:40$100,000 a day, and the annual USD inflation rate is 3% and the
- 43:47annual Bitcoin appreciation rate is 40%, your personal moon day
- 43:52would be. I think this is September.
- 43:59I don't know, 8th, 28th August. Thanks Opti.
- 44:03August 28th, 2029 it says your Bitcoin stack will be roughly
- 44:08worth 526,000 and you'll be able to take your first withdrawal of
- 44:14.000618 Bitcoin, which will be worth roughly $325.
- 44:22Now I got to tell everyone, no one knows the exact price of
- 44:25Bitcoin, where it's going to be, where it's going to peak.
- 44:28But these types of tools allow you to financially plan for your
- 44:34future. And I think, you know, when me
- 44:37and Opti started doing this show, I think one Bitcoin was,
- 44:41you know, what was it like 3500? I think the first time we did it
- 44:46was like maybe 28. Yeah, there's 2800 around there.
- 44:50So, you know, one Bitcoin was a lot more affordable than it is
- 44:54now. But you know I think 61,000 for
- 44:58you know being able to retire by 2027, by 2020, by 2030, right.
- 45:03Less than you know six years away I think is.
- 45:08I mean I don't want to say it's completely doable for everyone
- 45:11but I think it's a definitely a goal to aspire to.
- 45:13So this is a really interesting type of calculator I I highly
- 45:18recommend checking it out. I I recommend checking out also
- 45:22the the Bitcoin power law calculator too.
- 45:25And you can kind of have fun with it a little bit.
- 45:27But my recommendation is for everybody is just stay humble,
- 45:33keep stacking SAT's. And I think that if you do that
- 45:38for two cycles, you're going to be very, very happy that you did
- 45:43so enjoy those two kind of like calculation things And so I mean
- 45:48there's a question, how much Bitcoin do you need to retire by
- 45:5120-30? I would say 1.
- 45:54So one Bitcoin, one Bitcoin, maybe, maybe three, maybe three,
- 45:57maybe four, maybe 5. That's how much Bitcoin you
- 46:01need. But over time, I think you'll
- 46:03just need one Bitcoin when push comes to shove.
- 46:06Anyways, Opti, what's your take on that?
- 46:07Yeah. Well, I do have my take, but can
- 46:09you pull up that chart again and can we exaggerate some of these
- 46:13numbers a little bit? So let's do inflation rate at
- 46:1715% and let's do Bitcoin annual appreciation at 63%, which is of
- 46:26what I got yesterday from Josh. The 10 year average returns on
- 46:29Bitcoin 15 and 63. Yeah, 63.
- 46:34OK, so the moon date would be. Did that refresh basically the
- 46:40same day? It may be earlier year.
- 46:43Earlier June 29, 2028. So a year earlier.
- 46:48Yeah. Let's go.
- 46:50OK. So even with the higher
- 46:51inflation rate? Play around with this.
- 46:53Obviously if you have 5 coins you basically you you could
- 46:56already retire. If you have two coins, you could
- 47:01retire by two years from now. So you can just kind of play
- 47:05around with it. You could put .5 and it will
- 47:08just kind of give you different numbers by 20-30.
- 47:11And of course, you could put in the inflation rate.
- 47:14So you can make the inflation rate 30 if it goes fucking, you
- 47:17know, hyperinflation here in the US Bitcoin goes to the moon.
- 47:21You can put 100%, right, Stuff like that.
- 47:23So you can play around with this depending on your situation.
- 47:27I just use the one Bitcoin and 100,000, you know, just to be a
- 47:31little bit more, you know, kind of on the conservative end,
- 47:36right. And this, I believe that this is
- 47:38roughly the average salary in the US, about 50 to 60 grand.
- 47:42So yeah, have fun guys. Kind of play around with it and
- 47:46apply it to your specific situation.
- 47:48Obviously I don't know your specific situation, so I'm
- 47:50trying to generalize it as much as possible.
- 47:53So the answer to today's question is how much Bitcoin do
- 47:57you need to retire by 20-30? I would say roughly 2 to 3
- 48:01Bitcoin. If you want to spend you know 50
- 48:03to $100,000 a year and you don't want to work for the rest of
- 48:08your life, I would say it's like a two to three, which I mean
- 48:11it's it's not that crazy dude. I mean it's it's not that nut,
- 48:15it's not that crazy. But if you guys are, you know,
- 48:18if you guys are class of 2021-2022, I would say instead
- 48:23of 203020352040. I think this, I think bitcoins
- 48:28going to go into the millions of dollars and I think it's going
- 48:30to continue to increase in purchasing power over time.
- 48:34And I think your life is will get progressively cheaper
- 48:37forever because The thing is absolutely scarce because
- 48:40there's 21 million and it's Infinity divided by 21 million.
- 48:44I think it's just a matter of time before all those assets
- 48:47that currently have a monetary premium because people are
- 48:50seeking to maintain their purchasing power.
- 48:52I think people are going to wake up and say, wait a second, so
- 48:56I'm just sitting on like, you know, this real estate that I
- 49:00have to pay capital gains tax and I have to pay property tax
- 49:03on. Why don't I just put this into
- 49:05Bitcoin, put it in, you know, hit up the Bitcoin way, learn
- 49:08how to take self custody and you know, leave this stuff in cold
- 49:13storage and you know, forget about it.
- 49:15I think it's just a matter of time before people wake up to
- 49:18that fact that reality. Bitcoin is the superior asset.
- 49:21Bitcoin is the best thing to store your wealth in.
- 49:24If you don't want to be, if you don't want it to be debased, if
- 49:26you don't want it to be confiscated anyways, vendetta up
- 49:29and pass it on to you. Yeah man, it's interesting you
- 49:31bring up this calculator because I've been playing around with
- 49:34one myself. I built one myself for the next
- 49:3630 years just based on a simple simple calculation.
- 49:39If you take an X amount today and do nothing with it, just
- 49:43leave that amount, how much would it be worth in the next 30
- 49:46years assuming Bitcoin, you know end of year return and you set
- 49:50that return. So based on the last 14 years,
- 49:54you know, if you look at historically Bitcoin's been, you
- 49:56know, up some crazy numbers on certain years.
- 49:58But I've I've taken the conservative route and I've
- 50:01chosen 60,000. Like if I were to put 60,000 at
- 50:05the beginning of this year and for the next 10 years, Bitcoin
- 50:09would have a 35% end of year return, which is I think is
- 50:12extremely bearish. But let's just keep it at that
- 50:15for now. After 10 years without doing
- 50:18anything, your 60K would be worth around $1.6 million in,
- 50:24you know, purchasing power. If you wait it out after 20
- 50:28years, that becomes 32,000,000, assuming a 35% return year after
- 50:35year, obviously. And if those numbers maintain
- 50:37themselves for the next 30 years, you know you're looking
- 50:40at excess of $650 million in purchasing power.
- 50:44And that's just with A60K investment today.
- 50:47You do nothing with it except just buy for 60K and leave it
- 50:51and and if Bitcoin does a minimum of 35% every year, those
- 50:55are the numbers. So you can do your calculations
- 50:59based on that. You can be more bullish, you can
- 51:01put more money and you know by the end of the day, I think
- 51:05based on Bitcoin's past performance when nobody knew
- 51:08about it, they pale in in comparison to what will happen
- 51:12when 8 billion people finally pay attention to this asset and
- 51:16realize, Oh my gosh, this is life changing.
- 51:19I need this. So the the, the numbers, I don't
- 51:24think anybody's bullish enough because you mean you have
- 51:2717,000,000 Bitcoin left because of the five million that were
- 51:30lost and you have 8 billion, you know, hordes coming in
- 51:34eventually they're going to be living on this standard.
- 51:37So where it goes is infinite. You know, it's a it's an
- 51:40infinite. But if you want to play with
- 51:42numbers, you know, just on a 60K investment at the beginning of
- 51:46this year with a 35% return for the next 30 years, you're going
- 51:49from 60K to over 650 million. So any young individual, you
- 51:55know, like if you're in 20s, thirty years from now you're in
- 51:58your 50s, you're in your prime basically, you know,
- 51:59middle-aged, you know, you're retiring with some sick numbers
- 52:03based on like a peanut investment, you know, in in
- 52:06today's standards. And life does absolutely get
- 52:09cheaper on a Bitcoin standard. And you don't have to wait until
- 52:12the Fiat system collapses to, to enjoy this and to and to see
- 52:15that happen. Take a simple example.
- 52:18I mean, let's say you have $1000 in your account and you have
- 52:20$1000 in a Bitcoin wallet and you go shopping.
- 52:23You buy something for $100. In that specific moment, both
- 52:28your bank account and your Bitcoin wallet will drop to 900.
- 52:32Except let's say a few hours down the line of the next day
- 52:35Bitcoin pumps. You know, you're you're maybe
- 52:37have 1100 in your Bitcoin wallet, so not only did you get
- 52:40whatever you bought for free, but now you have more spending
- 52:43money available to you for other stuff that you need.
- 52:47But your bank account is only headed one way, and that's down
- 52:49to 0 because your 900 is not going anywhere and it's being
- 52:53debased, you know, at A at an accelerated pace, which is worth
- 52:57even less than that 900. So just do the math.
- 53:00It's just common sense. But in order to really
- 53:03appreciate this, you really have to do it.
- 53:06There's no, like, you can't take somebody's word, you know, as,
- 53:10OK, that's how it is. Try it for yourself.
- 53:13And once you see it happen, you will never forget the first time
- 53:17that you look at your balance and you thought it was 1000, but
- 53:20now it's like 1003 and you're like, whoa, what just happened?
- 53:23Now I have more money, you know, That's the Bitcoin.
- 53:26That's the Bitcoin power. Because it's an appreciating
- 53:29asset. It's not one that loses value
- 53:32over time. It gains value. 100 and and like
- 53:36and it's hard to like like what Vendetta is saying like it's
- 53:39hard to like imagine that in a way.
- 53:43But what I would say is, look, back in time, right when you you
- 53:48had these very famous videos of Andreas giving a lecture about
- 53:52Bitcoin to an empty room and it was $100.
- 53:55You have the very famous video of the guy, like recording
- 53:57himself. He's like, Oh my God, Bitcoin
- 53:59broke $100. And and and this and that.
- 54:02If you go back to those years, you know, I'm class of 2016.
- 54:08You know, if you would have told me that Bitcoin was gonna be at,
- 54:11you know, 60,000 or 75 or whatever, you know, eight years
- 54:17later, like I would have gone, I would have done everything and
- 54:20and I and I tried to, but I would have done more, right?
- 54:25So like, and it's very hard to imagine, like the guy, the first
- 54:29Bitcoin transaction, this guy paid 10,000 Bitcoin for 2P.
- 54:34John Pizzas, right? Do you think he would have paid
- 54:37that if he knew that that was going to be worth hundreds of
- 54:39millions of dollars? No.
- 54:41It was inconceivable to imagine that at that point, just like
- 54:47it's inconceivable to imagine. It's inconceivable to imagine
- 54:53how much Bitcoin is going to be worth in the future.
- 54:56But what you can do to to add to Vendetta's point is you can just
- 54:59use basic game theory and just look at the incentive structure.
- 55:04Like look at Bitcoin, study Bitcoin.
- 55:06And you know this thing like what Michael Saylor is saying
- 55:08that this thing is destined to go up forever, Laura.
- 55:11Anyways, Opti, what's your take on this?
- 55:13And we want to take. Yeah, definitely.
- 55:15So I I I really like that math and and I really like V for
- 55:19vendettas like it what a Friday with some real opium and some
- 55:22bull tard sauce. Absolutely love it.
- 55:24I love those numbers. That was great.
- 55:27But I would kind of you know and of course you guys can throw
- 55:31tomatoes all you want, but I think the the goal for everyone
- 55:34in Fiat terms is roughly now like 5 to 10 million.
- 55:37Like I think that should be everyone's kind of like high
- 55:40point mark. I think that is like the quote,
- 55:42UN quote new millionaire meme, like a millionaire now I think
- 55:46it's probably to live the same kind of lifestyle.
- 55:48It's like 5 to 10 million. So whatever that means to you
- 55:51and and whatever you got to do to get to that number eventually
- 55:54on whatever long enough time frame I think is kind of where
- 55:57your brain should be but doubling down on this idea.
- 56:00And I I think I say this all the time because like I just
- 56:03fundamentally don't really believe in retirement in the
- 56:06first part. Like I I believe in finding
- 56:08purpose and doing that forever. And IA lot of us are young.
- 56:11We're probably in our, you know, our 30s, maybe early 40s.
- 56:16And so the goal is of course you want to retire from your Fiat
- 56:19job that you hate is stacking Bitcoin and starting to build
- 56:23something. And then once you feel
- 56:24comfortable and you feel like you can, you know, take a risk,
- 56:28maybe save up around on like 2 years of your paycheck, then you
- 56:32start to divert your energy and your attention towards the
- 56:35things that you actually wanted to do.
- 56:36And and that's probably what most people think when they
- 56:38think of the term retirement. Because I I'm convinced I'm
- 56:41going to be doing this probably for like the rest of my life And
- 56:43and I'm absolutely in love with what I'm doing.
- 56:45I love what we do. And I I can only be so blessed
- 56:49to do this forever. So again I, I I have to do my
- 56:51caveat if I just don't fundamentally believe in
- 56:53retirement. But I guess maybe when I'm like
- 56:5580I or whatever I'll get tired. I'm like, all right, I just want
- 56:58to chill at the beach. You know, I'll leave that open.
- 57:01But with that said, I just, I can't see a time that I'm never
- 57:05going to save in Bitcoin. And you know, even though we're
- 57:08getting kind of bullish, we are still kind of bearish in this
- 57:11regard because it's going up forever, you know, Infinity
- 57:14divided by 21 million. I don't even think our human
- 57:18brains can understand big numbers or where this is going.
- 57:21And while the power law is kind of alluring, you know, all your
- 57:24models are broken and and it does seem kind of bearish.
- 57:26I'm not going to lie, the power law model seems kind of bearish
- 57:28in my opinion. But hey, I am bull tarted AF.
- 57:31I'm constantly bullish on Bitcoin because like V for
- 57:35Vendetta said, I don't think we truly understand what it means
- 57:39to have 8 billion people saving in Bitcoin.
- 57:42Obviously it's got a scale and all that stuff, but if you look
- 57:45at total assets in Fiat terms in the world that is still
- 57:50excluding a lot of the human population.
- 57:52And once we all get on to 1 monetary network, I think even
- 57:57those numbers are going to go up.
- 57:59And as we get more productive moving forward as our value
- 58:02doesn't get robbed the bit the the world pie, the world value
- 58:06is going to increase in general anyways.
- 58:09That 2.5 number Nico that you pointed out sounds really good
- 58:12for for everyone out there. Like I think that's that's a
- 58:16decent number for most people to try to get to.
- 58:18And it kind of really connects to the classic meme of trying to
- 58:22get to 2.1 Bitcoin or AKA you know 110, 110 millionth of the
- 58:30total Bitcoin supply which if you kind of do similar math in
- 58:33gold I think it's around like 800,000.
- 58:36I I haven't updated my masks lately but again you know it's
- 58:39going up forever. 32 SATS is generational wealth and I'm
- 58:42convinced that any meaningful amount of Bitcoin that you own
- 58:46today and you hold into the future will be life changing
- 58:49money. So again I I know when we talk
- 58:52about these numbers and and new entrants come into the space
- 58:55they might get dissuaded or they they might feel bad about their
- 58:57holdings. But I'm convinced if you hold
- 58:59anything that you own today into the future, it's going to be
- 59:04life changing wealth. And like we we constantly bring
- 59:07up on this show, your life gets cheaper on Bitcoin.
- 59:10I've felt it in the seven years that I've been in Bitcoin.
- 59:13You know, V for Vendetta brought it up.
- 59:14Nico talks about it constantly. Everyone in the chat has felt
- 59:17this and you can only really understand this once you've
- 59:21experienced what Bitcoin can do for your life.
- 59:23And so again, just huddle what you can.
- 59:26Continue to stack as much as possible.
- 59:29If you're like me and you, you can't, you can't hold on to your
- 59:33dollars because it's burning a hole in your pocket.
- 59:35Capitulate your Fiat as quickly as it comes in.
- 59:38Make sure you pay your bills and rent, but you should be stacking
- 59:41as much as humanly possible. Or if you're like some of my
- 59:44friends out there and you like the time of the markets, then
- 59:47you know, hold on to some dry powder for the dips.
- 59:49But Infinity divided by 21 million, it's going up forever.
- 59:53You want to continue to stack Bitcoin for the rest of your
- 59:56time on Earth. It's it's kind of the idea of
- 59:58like. If there was only one money and
- 1:00:01it was dollars, are you ever not going to save in in dollars?
- 1:00:04It's like no. Most people save in dollars even
- 1:00:06if they have little bit amount of money.
- 1:00:08It's like we're always going to be saving in Bitcoin.
- 1:00:10So I really think that all you got to do is live below your
- 1:00:13means and your life will improve.
- 1:00:15It's so simple. Amen to that brother.
- 1:00:17Amen to that. I also want to give a shout out
- 1:00:20to our sponsor. We get on to the culture
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- 1:02:25Let's go. All right.
- 1:02:26So I wanna I just, I wanna tee up beef or vendetta on something
- 1:02:30cuz last time you came on everyone's like this guy gets
- 1:02:32it. So I wanna I I don't think
- 1:02:35triggering is the right word. But I I wanna get you on a rant
- 1:02:37before we talk about you just told us before the show you're
- 1:02:40you just released 3 new products.
- 1:02:41But before we get that you did this tweet the other day.
- 1:02:44Oh wait, this one's the wrong one.
- 1:02:46Sorry. This one.
- 1:02:48And I find this very interesting because I mean we've been seeing
- 1:02:52what's happening with self custody, we're seeing the
- 1:02:54attacks. So I I want to get to that
- 1:02:56before we get to what you're working on.
- 1:02:58But this is such an interesting topic to me as well and it got
- 1:03:01kind of a good feedback on Twitter.
- 1:03:02It's just like how many of you truly understood what money is
- 1:03:05and it's working before discovering Bitcoin.
- 1:03:08And I find this that it's very low.
- 1:03:10Few people understand what is money.
- 1:03:12And that's what we try to expand on this show is, is it get
- 1:03:16people to ask very simple questions.
- 1:03:18What is money and why are we forced to use a money that
- 1:03:20steals from us? So V for Vendetta, the floor is
- 1:03:23yours. Maybe you can elaborate on what
- 1:03:26is money, what causes tweet, and then maybe we can touch on a
- 1:03:30little bit of all the crazy stuff we've seen in the last two
- 1:03:32weeks and your take on it. Yeah, man.
- 1:03:35Before, before Bitcoin, I was like, you know, a lot of people
- 1:03:38had no idea what money was. I was just working like a
- 1:03:41hamster, you know, trying to build businesses.
- 1:03:43I've built three successful businesses you know before the
- 1:03:47Bitcoin way and you know I was I was essentially not many people
- 1:03:51know this but I was essentially retired.
- 1:03:52You know in my you know early 40s I thought life was finished.
- 1:03:56I was good. And then all of a sudden you
- 1:03:58wake up one day and your entire life is rug pulled from right
- 1:04:00underneath you. And you wake up and and find out
- 1:04:03your homeless over a cup of coffee and you realize you know
- 1:04:06like what the hell just happened.
- 1:04:08And that's when you start digging deep and you realize
- 1:04:10that you don't understand anything about money.
- 1:04:12That the money that you think you know was like your your key
- 1:04:15to to happiness and wealth doesn't belong to you.
- 1:04:18It belongs to somebody else who's who, you know, who
- 1:04:20believes they have the right to dictate what you do with it and
- 1:04:23how you do with it and if they're going to give it back to
- 1:04:25you. And so, you know, one once that
- 1:04:27clicks, once you experience something like this, you know,
- 1:04:30you, you never want to put yourself back in a predicament
- 1:04:34for that to happen again. And you know, thankfully, you
- 1:04:37know, the research, you know, led me to Bitcoin.
- 1:04:39I started studying it. And obviously, you know, in the
- 1:04:42moment I had my doubts as well trying to debunk, you know,
- 1:04:44trying to trying to blow up the whole, you know, premise of
- 1:04:47Bitcoin to see how I'm going, how I'm going to make it fail.
- 1:04:51And you know, over time I, I failed into doing that.
- 1:04:54And I, you know, started watching and following and
- 1:04:56reading, you know, other people's work, smarter people's
- 1:04:59work, and who also failed and, you know, 1 + 1.
- 1:05:02Fast forward 15 years. Here we are.
- 1:05:04The thing is stronger than ever, decentralized more than ever.
- 1:05:07And it just highlights how everything you'd thought about
- 1:05:10the world is complete, is a complete lie.
- 1:05:13You know, like the judicial system is complete rubbish.
- 1:05:16The last four or five years, the medical system, it's all bought
- 1:05:19for, it's all rubbish. Nothing is real.
- 1:05:21Everything is bought for. And depending on whose side
- 1:05:24you're on, you either move forward or you get kicked to the
- 1:05:28curb. And that's not right.
- 1:05:30You know, and this all of these problems around the world, like
- 1:05:34whether it's the wars, whether it's the the crimes, whether
- 1:05:38it's the all of these problems. I mean if you look, if you look
- 1:05:41at them, they, they, the governments like to talk about,
- 1:05:44you know, this whole premise of national security and terrorism
- 1:05:47and money laundering and all that stuff.
- 1:05:49But if you look around the world, like who's causing all of
- 1:05:53this stuff, like who's funding wars?
- 1:05:55Is it you? Is it the, is it the laundromat
- 1:05:57owner, is it the gas station owner who's money printing to
- 1:06:02oblivion to finance other countries that we have no
- 1:06:05business, you know, in in in supporting who's financing all
- 1:06:09this? Who's the real threat to
- 1:06:11national security? You know, like you have to ask
- 1:06:15these questions and fundamentally when you dive into
- 1:06:18these details and you go down that trabet hole you realize
- 1:06:21that all of this nonsense is tied to 1 root and that's the
- 1:06:26money printer. So broken money.
- 1:06:30I I don't think the word broken is is is a strong enough
- 1:06:33description for what it is. This is like the worst of the
- 1:06:38worst. You know the the the lowest
- 1:06:39common denominator of a human filth is the Fiat money you that
- 1:06:44must go because that is what's fueling all of the problems that
- 1:06:49we're that we're encountering. You know, all the all the the
- 1:06:52the hate, the division, all the stress people are going through.
- 1:06:56People thinking they have to work harder in order to make
- 1:06:58more money. That's not true.
- 1:07:00You know, you're you're trying to swim against the tide that's
- 1:07:02rigged against you. How's that going to work?
- 1:07:04It's mathematically impossible. So you need to take a step back,
- 1:07:08sit down, try to reason, try to listen, try to learn, try to do
- 1:07:12the work. And understand that now, for the
- 1:07:14first time in the history of Earth, there is an option,
- 1:07:18thankfully, and it's called Bitcoin.
- 1:07:20But because we've never seen it before, it's very hard for
- 1:07:24people to wrap their brains around it and to understand that
- 1:07:27this is something you need to learn.
- 1:07:29It's not something that's going to fall on your lap and all of a
- 1:07:31sudden you're going to feel at home as if you've been doing it
- 1:07:34your whole life. It's not.
- 1:07:35It's something you need to take the time and learn.
- 1:07:38It's not that hard. And once you once you understand
- 1:07:42the mechanics of it, and this is what we do at the Bitcoin way,
- 1:07:45we we do all the hard work for you like we hand hold you to the
- 1:07:48entire process, leaving you with the simple task of just using
- 1:07:52your Bitcoin, sending and receiving.
- 1:07:54And there's many resources you know other than us out there
- 1:07:58doing the the work as well. But, you know, it takes a
- 1:08:01conscientious effort on every individual to want to listen.
- 1:08:06You know, if you're going to ignore it and dismiss it and try
- 1:08:08to find any lazy excuse, you know, not to do the work, then
- 1:08:12at some point you're going to come smashing into a wall, just
- 1:08:15like I did when I realized that my entire life was a lie.
- 1:08:19So you either do the work and, you know, try to save yourself
- 1:08:24or do nothing. Hope I'm wrong.
- 1:08:28And when your life blows up, which it will because the
- 1:08:31mechanics of Fiat currency are falling apart globally, it's a,
- 1:08:35it's a it's a mathematical certainty.
- 1:08:36Just look at the news around you.
- 1:08:38When that day comes, then ask yourself what am I going to do
- 1:08:43now? OK, so that's, you know, that's
- 1:08:47really the predicament and trying to orange peel people, we
- 1:08:51stopped doing that in, in the traditional sense.
- 1:08:54You know, there's no sense trying to cram 50,000 hours of
- 1:08:57of research. You know that I've done in a
- 1:09:00conversation, I've met with someone for 5 minutes.
- 1:09:02It's just not going to work. You know, it's it's it's the
- 1:09:05better approach is just see where they're at, see what their
- 1:09:08problem is and ask them, you know, well, why do you think
- 1:09:11that is, you know or how about you try this for a change and
- 1:09:14see how that works out. You know and eventually you know
- 1:09:17if if you hit them on, on, on on things that they can relate to
- 1:09:22at some point you know something is going to resonate and
- 1:09:25hopefully you get the call back and you get the right questions
- 1:09:28and you get them to sit down and you do it with baby steps.
- 1:09:32You know, like we don't cram self custody from A-Z in one go.
- 1:09:36We break it up into you know bite sized pieces.
- 1:09:39We we explain it. We, we, we translate complex
- 1:09:44terms into something like a 10 year old is going to understand,
- 1:09:48but we make sure that you finally grasp the concept that
- 1:09:52you cannot leave your money in the custody of someone else,
- 1:09:57especially someone that hates you and who has designed a
- 1:10:01system that that is created to steal from you.
- 1:10:05You know, this is the this is the fact, the fundamental
- 1:10:07underlying fact, that everybody must understand that the Fiat
- 1:10:12system is a system created to steal, OK?
- 1:10:16It's created to enslave. It's created to control.
- 1:10:19It's created to demean you. So if you're not part of the
- 1:10:22club that prints that garbage, you are the peasant.
- 1:10:26That's worth nothing. That's the mindset behind the
- 1:10:29system that created the Fiat legacy system.
- 1:10:32And that system must go if you want to have a chance at a
- 1:10:37better life, at a free life, especially if you have kids, if
- 1:10:41you don't want them to live in a world you know, whose rules are
- 1:10:44dictated by someone who that doesn't have their best
- 1:10:47interests at heart, You absolutely do not want that.
- 1:10:50It's your responsibility as a parent to, you know, take the
- 1:10:53steps to to ensure that they're OK because one day they're going
- 1:10:57to realize what happened. And then, you know, what kind of
- 1:11:01name do you want to leave behind?
- 1:11:02You know, you have to think about all these things.
- 1:11:04So Bitcoin opens up like a whole can of questions beyond just the
- 1:11:09money. You know, it's as a spiritual,
- 1:11:10it's economic, it's moral, it's a whole bunch of things.
- 1:11:14But ultimately, when you strip the power of money from anyone
- 1:11:18individual, and you give it you, you leave it as a trustless,
- 1:11:23permissionless system that no one can control.
- 1:11:26It forces humanity to do more good than bad because you can't
- 1:11:31afford to make stupid mistakes anymore.
- 1:11:34Because once the money is gone, no one's going to give it back
- 1:11:36to you. That's what Bitcoin you know.
- 1:11:39That's how Bitcoin is going to upgrade the world into, you
- 1:11:43know, a new renaissance. Let's go love it.
- 1:11:49V for Vendetta. That sounds like the Bitcoin
- 1:11:53way. Yeah, exactly.
- 1:11:55That is absolutely the Bitcoin way.
- 1:11:57This is our mission to fast track everybody into proper self
- 1:12:00custody. And and yeah, and here's another
- 1:12:03thing, forget all the conveniences.
- 1:12:05You must do the work. There's no such thing as taking
- 1:12:08a shortcut. You know when owning your money,
- 1:12:11you either learn to do it yourself or you're taking an
- 1:12:14unnecessary risk. It's as simple as that.
- 1:12:18Amen to that. Amen to that.
- 1:12:20OK, let's talk about the Bitcoin way, the features that you have
- 1:12:24been providing for your customers and then the new
- 1:12:27features that you just announced recently before the show and
- 1:12:31I-11. More thing though, I really like
- 1:12:33the meme that you said a few times on the show that the
- 1:12:35Bitcoin way is basically like Apple care IT, team for
- 1:12:39yourself. Custody.
- 1:12:40You can do self custody alone, but if you are scared or you
- 1:12:43want someone to hold your hand, get in touch with the Bitcoin
- 1:12:46way they are. They're like the Apple care for
- 1:12:48your computers out there. And I I absolutely love that
- 1:12:50meme. So V what features or services
- 1:12:54do you offer? And then let's get into the new
- 1:12:56features that you just announced.
- 1:12:58Sure. I mean, we bring in 25 years of
- 1:13:00cyber security, encryption and privacy into Bitcoin self
- 1:13:03custody. OK, So we hand hold everybody
- 1:13:06from .0 to point fully self sovereign in in learning how to,
- 1:13:10you know, hold properly custody their own coins.
- 1:13:14We filter out the good and the bad from hardware and software.
- 1:13:17We put it all together. We configure everything.
- 1:13:20We never touch your coins. We never sign any transactions.
- 1:13:23We don't hold any keys, any backup keys.
- 1:13:25We don't do any of that stuff. We teach you how to fish.
- 1:13:29We don't provide you the meal. We show you how to become the
- 1:13:31best fisherman out there that you can take care of yourself
- 1:13:35from now to the end of eternity and you can pass that knowledge
- 1:13:37on to your family, your loved ones and so forth.
- 1:13:41So the onboarding stage it gets people into that, you know
- 1:13:45running, running, running a node, having your air gapped
- 1:13:48wallet, properly securing your digital data.
- 1:13:50And then once that's in place we can easily scale into some of
- 1:13:53the more advanced stuff excuse me like multi sig like learning
- 1:13:57how to integrate Bitcoin payments into your business,
- 1:13:59inheritance planning etcetera etcetera.
- 1:14:03And recently we've expanded these services because, I mean,
- 1:14:06it's being sovereign. It's not just, you know, about
- 1:14:09specifically about Bitcoin. We've we've, we've zoomed out a
- 1:14:13little bit in order to protect your online presence because
- 1:14:16that's, you know, we're living in a world of increased mass
- 1:14:19surveillance, increased censorship, increasing
- 1:14:22government overreach. And no one has a clue how to how
- 1:14:26to start protecting themselves. And so we've streamlined a
- 1:14:28project that brings a lot of the best of the best tools together.
- 1:14:33We configure them, we set them up on one streamlined platform
- 1:14:36that combines the fastest, the most anonymous VPNs out there.
- 1:14:42You with like over 600 and access to over 650 VPNs
- 1:14:46globally. You can literally be in any
- 1:14:48jurisdiction at a click of a button instantly.
- 1:14:52We've integrated you know mesh VPNs into this where you gives
- 1:14:56you access to your networks from anywhere around the world.
- 1:14:58Everything is end to end encrypted.
- 1:15:01No matter where you are, whether you're home, whether you step
- 1:15:03out into the street and shift from Wi-Fi to mobile data in the
- 1:15:07back end, all of these algorithms are in play.
- 1:15:11We've incorporated modern firewall and and DNS systems.
- 1:15:16AI powered for, you know, real time threat detection, Extremely
- 1:15:21powerful stuff. Fully customizable blocks, you
- 1:15:24know, with all the regular blocking ads, trackers, all of
- 1:15:28that stuff. Parental controls, all of that,
- 1:15:30all in one. Easy to use platform that
- 1:15:34anybody can have and it's always active no matter where you are.
- 1:15:37So that's one we we we dubbed it Casper, you know like
- 1:15:40essentially turning you into as close as a ghost as possible.
- 1:15:45So Casper is the friendly ghost since we're making everything
- 1:15:49simplified for you. The other one we've coined for
- 1:15:52your eyes only because most people use cloud based services,
- 1:15:57but they have no idea that once you put the data on the cloud,
- 1:16:00it's not yours. You know anybody there can
- 1:16:02access these things at any point in time and you know do whatever
- 1:16:06they want with it. So what we've done is that we've
- 1:16:08devised a way where we can encrypt all this data before you
- 1:16:12put it on the cloud so that your day-to-day activity doesn't
- 1:16:16change. So there's nothing really for
- 1:16:17you to learn except we set the infrastructure on the cloud
- 1:16:20service that you're using, so that when you're dragging and
- 1:16:23dropping your files into whatever cloud that you're
- 1:16:26using, it's all encrypted. And so if Google decided one day
- 1:16:30to go rogue and see what Mr. X is doing, they can't.
- 1:16:33If Apple decides to do the same, they can't.
- 1:16:36You control the keys, you hold the power.
- 1:16:39It's your data. You're the captain of that ship.
- 1:16:42And the last and the last thing we did based on heavy demand,
- 1:16:46it's not something we were planning on doing, but because
- 1:16:48it fits into the realm of sovereignty, we have a program
- 1:16:52now to help people relocate to Central America.
- 1:16:55So for those that are wondering, you know, where can I go?
- 1:16:58I'm not happy where I'm living. What are my options?
- 1:17:01But I don't necessarily want to spend $1,000,000, you know,
- 1:17:05buying real estate or half a million to buy a passport.
- 1:17:08Are there options available for me?
- 1:17:10And yes, they are, There are. We spent six to seven months
- 1:17:13researching all of this and we have a fully streamlined plan
- 1:17:17for this, where you know somebody that's interested in
- 1:17:19this, we send them all the information.
- 1:17:21If they're interested, they sign up.
- 1:17:23We handle all the logistics with our, you know, team, team of
- 1:17:26lawyers. Once it's ready, we notify you,
- 1:17:29you fly down, you sign a few papers.
- 1:17:31Done. So we are expanding on the
- 1:17:34services that relate to sovereignty.
- 1:17:37So whether it's your Bitcoin, whether it's you personally
- 1:17:39where you want to live and somewhere where you're you don't
- 1:17:42have to worry. You can live peacefully.
- 1:17:45You can live in a somewhere that you know that you're treated
- 1:17:47best. Essentially somewhere that
- 1:17:48respects you as a human being and is not consistently trying
- 1:17:52to destroy your life in any shape, any way shape they
- 1:17:55possibly can. Love it.
- 1:17:59Great. Great.
- 1:18:00Oops. Absolutely awesome.
- 1:18:02OK, it is Friday V so we're going to get, you know, Nico's
- 1:18:06really going to get torched if we don't go to the meme review.
- 1:18:09So what's the last message you want to leave with the audience?
- 1:18:12It could be about Bitcoin way. It could be about Bitcoin.
- 1:18:14It could be about life. What's the last message you want
- 1:18:16to leave with the audience? Live your life with dignity,
- 1:18:19man. Don't let anybody tell you what
- 1:18:21to do. Be your own boss, the captain of
- 1:18:23your own ship. You know you owe it to yourself.
- 1:18:25You know, to to to uphold, you know the efforts of all of our
- 1:18:31ancestors before us. You know that that fought and
- 1:18:33died to give us, you know, the the life that we have now.
- 1:18:36And it's not, it's not going to be us that are going to let all
- 1:18:39that go to waste. You know, for to make, to make,
- 1:18:42to make a 1% bunch of psychopaths happy.
- 1:18:45It's up to us to regain controls of our lives, to regain control
- 1:18:49of of this world that we live in and make sure that it's headed
- 1:18:52in the right direction. It's up to each and every one of
- 1:18:54us. Everybody's valuable.
- 1:18:56Everybody has a role to play. Shouldn't agree more?
- 1:19:00Absolutely guys, go check out the Bitcoin Way, their their
- 1:19:04sponsor of Simply Bitcoin for simply Bitcoin originals.
- 1:19:07We've loved working with them and we can't recommend them
- 1:19:10enough. They are your, you know, Bitcoin
- 1:19:14IT team. They'll literally walk you
- 1:19:16through anything that you that, that, anything that you want to
- 1:19:20do on Bitcoin, whether taking self custody, setting up your
- 1:19:22node like Vendetta was talking about.
- 1:19:24So go to bitcoinway.com today and go check them out.
- 1:19:30Can't recommend them enough? All right everybody, let's get
- 1:19:33to Optis Friday Meme review. Let's check it out.
- 1:19:38Optis Friday Meme Review I'm never not amazed by how sultry
- 1:19:49my voice is on that. I know you guys want Sophie, but
- 1:19:51man, I killed that one. I got such a good voice.
- 1:19:54Not a good face for TV, but a good voice for radio.
- 1:19:57Anyways, you already know the deal.
- 1:19:59This Friday we made it to Friday, guys.
- 1:20:01So this is the meme review where you guys tagged me on Twitter.
- 1:20:06Or drop them in our telegram group, but tag me in Telegram
- 1:20:08too, so I can see your memes. That makes it easier on me
- 1:20:11because there's a lot of messages in there.
- 1:20:13But also go join us in the telegram.
- 1:20:14What's it dot me size? Simply Bitcoin all hanging out.
- 1:20:17Good conversation. Chefs up to the Darth mod in
- 1:20:20there. But you're in the deal guys.
- 1:20:22We are frontline soldiers in this information war and tweets
- 1:20:25are the bullets, Memes are the artillery.
- 1:20:27It is upon us, the people that get what's going on in Bitcoin
- 1:20:31to continue to ridicule The corporate press and the
- 1:20:34politicians and the bankers continue to get the calls of
- 1:20:36actions out there and make sure your friends and families head
- 1:20:39stay in the game. Make sure people understand why
- 1:20:41we do what we do. And memes are incredibly
- 1:20:45powerful. Online is where the propaganda
- 1:20:48happens. So put your hat in the rink and
- 1:20:50make some propaganda. Make sure you make some memes.
- 1:20:52Memes are extremely powerful. Everything is memes.
- 1:20:54Life is memes. So make sure you make some
- 1:20:57memes. Even if you don't know how to
- 1:20:58make memes, make some memes. And on that note just out the
- 1:21:00boomer, AKA the ruler's broken. He put his hat in the rink and
- 1:21:05actually bro boomer, he you got two on here today.
- 1:21:08So you did a great job last week.
- 1:21:11He's been tagging me. He's like, how are these memes?
- 1:21:13Do I know how to meme? Yes.
- 1:21:14You're doing well and you're getting good feedback on
- 1:21:16Twitter. So guys, you don't have to be a
- 1:21:19super shadowy memer. Just make some memes.
- 1:21:22OK, so the first one, Boomer goes.
- 1:21:24So at Opti, how does this one measure up?
- 1:21:27Rate my meme, please. And you got some good feedback
- 1:21:29here. And OK, so it's a picture of a
- 1:21:33girl and she's doing her makeup in a police battle shield.
- 1:21:38I I forget what they're called. So she's in the reflection doing
- 1:21:41her makeup just like unfazed by what's going on at these
- 1:21:44protests. And it goes how it feels the
- 1:21:46sacks at during the then they fight you stage.
- 1:21:49I totally agree this is the feeling.
- 1:21:52This is the vibe. And the next one by Boomer AKA
- 1:21:54at ruler is broke and he goes when an army talks to James
- 1:21:57Lavish after or about sports ball and again opti meme score
- 1:22:02and here we got James Lavish at the BBQ you know kicking the
- 1:22:05stakes it's a play on the the normie kicking the stakes and
- 1:22:09going have you heard. No, that's crazy.
- 1:22:10Have you heard about the game? But there's James Lavish.
- 1:22:13Man. That's crazy.
- 1:22:14Catch the yield curve inversion last night.
- 1:22:17Absolutely insane. Then maybe maybe this one should
- 1:22:20be updated about what's going on in Japan.
- 1:22:22But hey, you know, no one cares, apparently, because all they
- 1:22:26care about is sports ball. OK, the next one is by my boy,
- 1:22:28RDBTC. And this is all any man ever
- 1:22:31wants. And he goes, there is no second
- 1:22:33best. And here's a guy, you know, he's
- 1:22:35hugging his girlfriend, his waifu and there's Bitcoin and it
- 1:22:39goes one Bitcoin, December 2028, a $1,000,000 and then two.
- 1:22:44There is no second best. There is, there's Bitcoin and
- 1:22:47then there's shit coins. Guys, get this through your
- 1:22:49head. There is no second best, OK,
- 1:22:51This next one shouts at the level 39.
- 1:22:53And this is a play on the OSU speech where he got booed
- 1:22:57talking about Bitcoin. And it's also a classic meme
- 1:23:00template of, you know, Marty McFly playing the guitar in Back
- 1:23:04to the Future. And we got the guy and he's
- 1:23:06looking at the guitar and it's got the Bitcoin logo on and he's
- 1:23:08like, what? What is this?
- 1:23:10And then we got the guy's head from the speech and he goes, I
- 1:23:13guess you guys aren't ready for that yet, but your kids are
- 1:23:15going to love of it. Yes, this is true.
- 1:23:18Their kids will look back at that speech and literally have
- 1:23:22shame at their parents because they booed.
- 1:23:24You for Bitcoin? Oh my God, can't wait for that
- 1:23:27time. All right, the next one is my
- 1:23:29boy Atropium, and he just got the blowing puff emoji here
- 1:23:33three times and it goes to them. How hard are you stacking sads?
- 1:23:38And it goes me. And it's a picture of a steak on
- 1:23:42his phone with just a little bit of rice.
- 1:23:45We have updated that we're only eating ramen meme to you are
- 1:23:49holographic holographically eating steaks and only eating
- 1:23:53rice. This is, this is the AI future.
- 1:23:56This is the meta metaverse that they want for you guys.
- 1:23:59But we're doing it in reverse and stacking Bitcoin.
- 1:24:01OK. This next one chat with the
- 1:24:03Mandrake and he goes how I see Bitcoin performing over the
- 1:24:06remainder of 2024 Ms. Paint edition.
- 1:24:10And you can see he's got this very, very great chart here that
- 1:24:15is hand drawn on him, his paint. And this is what's probably
- 1:24:19going to happen for the next couple of months this, this is
- 1:24:21potentially what might happen over summer.
- 1:24:23And we got, you know the dollar price here on the Y axis and we
- 1:24:26have time here on the X axis and it's just going to crab market.
- 1:24:30It's going to crab market for some amount of time and then
- 1:24:33it's going to go absolutely nuclear.
- 1:24:36I fully endorse you guys joining Mandrix Trading Group, A
- 1:24:39Telegram. He'll give you these for a
- 1:24:43simple charge of one set. I'm I'm trolling.
- 1:24:45It doesn't have a training group.
- 1:24:47All right? And on that note, shouts out to
- 1:24:49the BTC therapist and he goes. You wake up and Bitcoin is at
- 1:24:52500 K What do you do next? And here's the classic elongated
- 1:24:58phone with a Omega God candle that we will one day wake up to.
- 1:25:04I can't. We we just, we can't wait for
- 1:25:06those that day. Nico, we can't wait for the
- 1:25:08Omega candle. All right, you want to know the
- 1:25:10deal? Drop your meme review score in
- 1:25:12the chat as we cover ours live. And we will review it live.
- 1:25:17So on that note will give us our meme review score.
- 1:25:21And I'm actually, I'm going to go 1st.
- 1:25:23I'm going to give it my passport because we're going to Canada.
- 1:25:27You know, it's it's my American passport because I'm an
- 1:25:30American, so my passport, I'm going to Canada.
- 1:25:34OK, that's a good score. Vendetta.
- 1:25:38What? What would you give those memes?
- 1:25:41I never know how to score these things, man.
- 1:25:42So I'm gonna go old school, give it like a nine.
- 1:25:46All right, class, I'll take it. I'll take a nine.
- 1:25:48I'll take a 9. I'll give it this Lucho Poletti
- 1:25:50keychain. Guy Fawkes made a metal.
- 1:25:54Oh wow. Yeah.
- 1:25:55Now that's solid. That is solid.
- 1:25:58All right. So literally made of metal SMR.
- 1:26:01But yeah, that's my score. That's my.
- 1:26:03Score. Love it.
- 1:26:04Love it. Yeah.
- 1:26:05And while while the chats are coming in at JH, we're going to
- 1:26:08Bitcoin Canadian Conference in. Montreal, Yeah.
- 1:26:12The. Canadian Bitcoin Conference.
- 1:26:14Yeah. So we'll we'll we're heading out
- 1:26:16there, I believe Wednesday, Yes. OK.
- 1:26:19OK. All right.
- 1:26:20So some meme review scores have came in, and I'm.
- 1:26:24I'm just going to preface this Nico, I'm sure you're going to
- 1:26:27have to strap in today. So prepare.
- 1:26:29Yourself. All right, first one by Rich BC
- 1:26:3610 The number of mics Opti ordered yesterday after work.
- 1:26:40Let's go hashtag. Free Opti BTC Bitcoin is forever
- 1:26:45for anybody. All right, next one.
- 1:26:48Phil Sia. Give the memes Ohio State
- 1:26:50University students a year from now making TikTok videos crying
- 1:26:53to their phones. Yes.
- 1:26:54All right. Yes.
- 1:26:55Oh, UTX. I I can't say that one.
- 1:26:57Sorry, dude, I'm. I'm censoring you today.
- 1:27:02OK, next one this Knock meme score.
- 1:27:05We will live below our memes to retire, but not below our memes.
- 1:27:09Let Opti meme Phil Russo Opti going there.
- 1:27:15Elaine rules for thee the age-old story up on top.
- 1:27:21They hold the glory Bitcoins. Buzz saw will chop them down at
- 1:27:25the knees, metaphorically. Still, it's not your Bitcoin
- 1:27:28without your keys. Sovereign state of Japan Where's
- 1:27:33my 100 billion Stimi Opti goes to?
- 1:27:35Canada Marries, the Canadian Treasury Secretary age 69,
- 1:27:40confirmed. All right, UTXL updated his meme
- 1:27:44score too. We all opti, all right And on
- 1:27:48rumble on rumble, we got a meme score.
- 1:27:50Idle threat meme score. Metaphorically.
- 1:27:52Throwing a brick outside the Overton.
- 1:27:55No. Oh my God.
- 1:27:58And of course we don't run out of memes.
- 1:28:01No. No, we got one more.
- 1:28:02We got one more. Don Kaliko's meme score.
- 1:28:04Win Moon. Win Lambo.
- 1:28:06Classic, Classic. Now, not a bugger, not a bugger.
- 1:28:09Anyways guys, thank you so much for tuning into another episode
- 1:28:12of Simply Bitcoin Live. I'm your host.
- 1:28:13Nico is my legendary Co host Optimus Fields hashtag free Opti
- 1:28:17and this is our very. Opti Gate 2024 Never forget.
- 1:28:20And this is our very special guest.
- 1:28:23If you guys knew, you would understand.
- 1:28:25And this is our very special guest V for Vendetta from the
- 1:28:30Bitcoin way. Go to thebitcoinway.com today.
- 1:28:33They are your personal Bitcoin IT team.
- 1:28:37They'll help you with anything related to Bitcoin.
- 1:28:39So uh, Vendetta, thank you so much for joining us on the show
- 1:28:41today. Thank you for having me guys.
- 1:28:42It's always good to be here. Appreciate it.
- 1:28:45Love it. Wait, Nico, before you kick me
- 1:28:46off guys, go outside, touch some grass, get some exercise, eat
- 1:28:50some good food. Make sure you are mentally and
- 1:28:53physically and spiritually fit. We have a war upon us.
- 1:28:56Make sure you are our tip top best condition you can possibly
- 1:29:00be. This is how we win the hearts
- 1:29:02and minds of the masses. All right?
- 1:29:03Absolutely. Absolutely.
- 1:29:05Take self custody. All right guys, Love you all.
- 1:29:08If you guys enjoyed the show, you what to do, smash the like.
- 1:29:10But I consider subscribing if you feel like we provided you
- 1:29:12value. But the number one thing you do
- 1:29:13to help push the peaceful Bitcoin revolution Really.
- 1:29:16Take self custody. Share Bitcoin media, Share
- 1:29:18Bitcoin art, Share Bitcoin culture.
- 1:29:20This is how we win. Love you all.
- 1:29:22Have an amazing weekend. We'll be back Monday for another
- 1:29:25episode of Simply Bitcoin Live. And next week is the Canadian
- 1:29:28Bitcoin Conference, which will we We will be live streaming
- 1:29:32from the Simply Bitcoin channel. So guys, take care.
- 1:29:35See you guys later. This episode was brought to you
- 1:29:39by bitcoinwell.com on a mission to enable independence.