Latest / Simply Bitcoin / Politician From 7th Largest Country DEMANDS Bitcoin Backflip | EP 1141

Transcript

Politician From 7th Largest Country DEMANDS Bitcoin Backflip | EP 1141 · Simply Bitcoin

• 0:00
  Yo, a politician in this giant country just went on the most
• 0:04
  bullish rant of all time, and we're going to play the clip for
• 0:08
  you guys. But before we do that, I do want
• 0:11
  to introduce my legendary Co host who's always optimistic
• 0:14
  optimist fields And of course, we have the CEO of Primal
• 0:18
  joining us, joining us today in the House million.
• 0:22
  I nailed the name. I practice it.
• 0:25
  Thank you so much for joining us.
• 0:26
  But anyways, guys, let's straight into the clip.
• 0:29
  This has been making rounds on X and essentially it's AI
• 0:34
  translated and it's a French politician making a rant or
• 0:39
  speech to the like bureaucracy in Europe, to the European
• 0:43
  Parliament. Let's check it out.
• 0:45
  Three years ago, across the Atlantic, the president of El
• 0:49
  Salvador decided to invest in bitcoins for his country.
• 0:53
  At the time, he was ridiculed by the political class and the IMF.
• 0:58
  He now shows a 100% return with hundreds of millions of dollars
• 1:03
  available for his people, for security, and for the
• 1:06
  sovereignty of his country. The whole world is now getting
• 1:09
  ready to take advantage of this revolution in decentralized
• 1:13
  finance. Donald Trump is going to create
• 1:15
  a strategic reserve of Bitcoin for the United States.
• 1:19
  Jerome Powell, the chairman of the US Federal Reserve, is now
• 1:23
  talking about digital gold. Bitcoin is skyrocketing.
• 1:27
  And what about the European Union?
• 1:29
  What is the European Union doing?
• 1:32
  It's squandering our money on unbelievable waste.
• 1:35
  It continues to accumulate tragically inflationary
• 1:39
  deficits. It insists on regulating, taxing
• 1:43
  and holding back. It's time to change the
• 1:45
  paradigm. It's time to protect our people
• 1:48
  from inflation and the poor economic choices of our states.
• 1:53
  It's time to say no to the totalitarian temptations of the
• 1:56
  European Central Bank, which wants to impose a fully
• 1:59
  controlled digital euro. We don't want this dystopian
• 2:03
  world where a European bureaucrat could tomorrow ban us
• 2:06
  from certain transactions and even kick us out of the banking
• 2:09
  system with a click just for something we said on social
• 2:12
  media or for an opinion that doesn't sit well.
• 2:15
  It's time to bet on freedom. It's time for our states to
• 2:19
  invest in Bitcoin to build national strategic reserves.
• 2:23
  It's time to develop the mining industry.
• 2:27
  We, the French, hold the cards with our nuclear advantage.
• 2:31
  Let's stop taxing cryptocurrency holders more and more.
• 2:35
  It's their intelligence, their risks, their sleepless nights
• 2:38
  that have built their savings. Let's allow them to protect
• 2:42
  themselves from the crazy spiral You've created public deficit
• 2:47
  that drives money creation, which creates inflation leading
• 2:50
  to chaos. Let's dare to be free.
• 2:54
  Let's stop being afraid of our own shadow.
• 2:56
  Let's stay true to the ambition of our civilization.
• 3:00
  Thank you. I mean, wow.
• 3:04
  And then this comes, you know, a week after essentially we're in
• 3:08
  French Parliament. So this is European Parliament.
• 3:11
  And then in French parliament, they're essentially talking
• 3:15
  about the idea of taxing unrealized gains on Bitcoin.
• 3:18
  But essentially for the last, you know, couple of months or
• 3:22
  so, we've been, and we got a lot of heat from it, from the
• 3:25
  Bitcoin community because inherently Bitcoiners just don't
• 3:28
  like the state, don't like government.
• 3:30
  But we've been saying elections have consequences.
• 3:33
  And the reason that this speech happened the way it did was
• 3:37
  because, again, the game theory is playing out.
• 3:40
  Russia, you hear Pluton basically announcing, hey, we
• 3:44
  can't ban this thing. A week later, you have the Duma,
• 3:48
  which is the equivalent of the House of Representatives here in
• 3:50
  the United States. You have a politician there
• 3:52
  introducing legislation to make a strategic Bitcoin reserve in
• 3:56
  Russia. Morocco unbanned it.
• 3:58
  In the United States, the state governments are fighting the
• 4:01
  federal government to see who is going to implement the strategic
• 4:05
  Bitcoin reserve first. You have Jack Mahler, who played
• 4:08
  you a clip of him yesterday slipping on Tim Poole basically
• 4:12
  saying that you like, you know, Trump might sign this by
• 4:16
  executive action on day one, right?
• 4:19
  And then you're looking at it and that creates a game theory
• 4:22
  that creates incentives. And all of a sudden, you know,
• 4:25
  Europe's caught in a position. And we also had this German
• 4:28
  politician as well. And she had, she gave a great
• 4:30
  speech at Bitcoin Amsterdam where she's basically saying,
• 4:33
  like, look, like, if Trump is right about this thing, we're
• 4:37
  not going to have a choice or we get left behind.
• 4:40
  But what I love about this particular speech that this
• 4:44
  French politician made, first, it was translated to English,
• 4:47
  which really helps us. Thank you.
• 4:49
  And #2 I'll say is that is a shattering of the Overton
• 4:54
  Window. Those are all topics that
• 4:57
  specifically in the European Union are not talked about,
• 5:01
  right? It is not.
• 5:02
  It's not. It's never the central bank's
• 5:03
  fault. It's workers asking for more
• 5:06
  salary. It's the supply chains.
• 5:08
  It's the war. What are you talking about?
• 5:10
  We don't do inflation. Of course not.
• 5:13
  The central bank is a good thing that I love that part, the
• 5:17
  central the the second part that I loved.
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  She brought up central bank digital currencies and she
• 5:22
  brought up the dangers of central bank digital currencies.
• 5:26
  And if you guys have been paying attention for the last couple of
• 5:28
  months or so, they have they they have been hammering.
• 5:32
  There's a new video, a short video that this European Central
• 5:37
  Bank is posting every other week talking about how excited they
• 5:41
  are about the digital euro and all the problems that it's going
• 5:44
  to solve. And she brought up she, she not
• 5:46
  only brought up the fact that no, it, it's just because you
• 5:50
  changed the name and you took central bank digital currency
• 5:53
  out of it. The digital euro is still the
• 5:55
  central bank digital currency. And then she brought up the
• 5:57
  potential dangers of implementing a, a central bank
• 6:00
  digital currency, which none of those institutions ever brought
• 6:04
  up. And the last thing I'll say
• 6:06
  before I pass it on is like, look, the dunk on the IMF and
• 6:14
  the dunk on the media, because of the criticism that they had
• 6:18
  for El Salvador, me and Opti were there.
• 6:20
  We were covering it the day the news were breaking.
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  They were getting attacked left and right.
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  El Salvador is not necessarily a wealthy country.
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  It's a very small country in Central America.
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  And all of a sudden you have the largest media institutions in
• 6:34
  the world attacking this country because they decided to make
• 6:39
  Bitcoin legal tender. You're looking at this like, why
• 6:41
  does it matter? Well, it matters because if it
• 6:45
  works in El Salvador, now developing countries and
• 6:48
  developing nations have an alternative method to the IMF,
• 6:53
  and that's what it boils down to.
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  So the fact that the Overton window is shifting this
• 6:58
  radically so quickly, I think is a huge win for the freedom
• 7:03
  movement in in general, and it's a huge win for Bitcoin in
• 7:07
  general. And I suspect this trend is not
• 7:10
  going to slow down. It's going to accelerate, if
• 7:14
  anything. And one of the, the, the, the
• 7:16
  awesome things about this whole thing is that it's it because
• 7:20
  it's a it's a grass, it's a grassroots movement, It's a
• 7:24
  bottom up movement. You see that the Bitcoin and
• 7:27
  Kaiser was talking about this this morning on X.
• 7:30
  You see the Bitcoin mine virus spreading.
• 7:33
  You see more and more people taking the orange pill and
• 7:36
  they're saying like, you know what, there's a better way to
• 7:39
  the central bank, right? And the central bank really
• 7:42
  doesn't have a response to that. They don't really have an answer
• 7:45
  to that because they've been essentially relying on the fact
• 7:48
  that people don't know the truth about inflation for the longest
• 7:52
  time. And Bitcoin shines a light of
• 7:55
  truth on inflation every single day.
• 7:57
  TikTok next block that Bitcoin continues to operate.
• 8:00
  It proves that money can exist without inflation.
• 8:06
  And they don't have a response to that.
• 8:08
  They don't have a good reasoning to that.
• 8:10
  They don't have an explanation to that, right?
• 8:12
  Because we have to. We have to talk about it.
• 8:14
  Inflation is a tax #1 inflation is a tax because the government
• 8:19
  is overspending. And inflation is a tax on the
• 8:22
  people that need money the most, because it's the lower and
• 8:25
  middle classes that get affected by inflation the most because
• 8:28
  they don't have the means to save in assets.
• 8:31
  So they get disproportionately taxed and disproportionately
• 8:34
  hurt simultaneously. We're getting lectured by
• 8:37
  politicians about how you, we need to tax the rich and how
• 8:40
  things are unfair. Like, you know, well, they are.
• 8:44
  I would say inflation and central bank are the biggest
• 8:48
  causes of wealth inequality, the biggest quality of the, the
• 8:52
  biggest causes of, of, of, of people not being able to afford
• 8:56
  things, not being able to afford food, not being able to afford
• 8:59
  homes. So it's time for a solution
• 9:02
  that's outside of the system. We've tried the system for a
• 9:06
  very long time and I think it's time to try something new.
• 9:10
  Anyways, I'm going to pass it on to, I'm going to say Milan.
• 9:13
  Milan, how do I say it? That I totally.
• 9:15
  Leon Milan, right? You said it first first try and
• 9:18
  then now you butchered it. I mean, I would just go on this
• 9:21
  rant and I'm and it just slips my mind.
• 9:24
  So million, what is your take, brother on you know, this this
• 9:29
  it sounded like a bitcoiner was making this speech, man.
• 9:32
  What's your take? Yeah, it does sound like that
• 9:35
  lady's a bitcoiner. And thanks for having me on the
• 9:37
  show, guys. It's great to be here.
• 9:40
  Yeah, you are right. The overtone window is shifting
• 9:44
  and it's glorious to see these types of things.
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  And it sounded like that Lady got a bit of an applause there
• 9:51
  from other Parliament members there.
• 9:54
  European, that's the European Parliament where all of it, this
• 9:57
  took place. So she's not the only one who
• 10:01
  thinks like that over there. Obviously.
• 10:03
  That's very interesting. But what's even more interesting
• 10:07
  to me is that this entire game theory, the Bitcoin game theory
• 10:11
  that you mentioned that's unfolding in front of our eyes
• 10:15
  has been predicted by Bitcoin thinkers many years ago, more
• 10:20
  than a decade ago, I think back in 2012, 2013 Tour de Maester
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  outline the exact scenario that we're going through now where
• 10:30
  the that we're going to eventually enter a phase of
• 10:33
  nation state adoption. And the game theory kind of
• 10:38
  implies that it will be the smallest states, those on the
• 10:43
  fringes of the system that will be most motivated to enter first
• 10:49
  become the kind of the first movers.
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  And then it will kind of at one point more countries will notice
• 10:57
  and will enter this race where it's it's no longer plebs racing
• 11:03
  to accumulate Bitcoin or maybe kind of some hedge funds or
• 11:08
  companies. But now it's like the countries
• 11:10
  that are starting to race. So that's, that's incredible
• 11:14
  that it's actually happening. It looks like 2025 is going to
• 11:18
  be the year where all these fireworks happen.
• 11:21
  So that's crazy. As for Europe and this
• 11:25
  particular case, what do you guys think?
• 11:28
  Are the Europeans going to listen to this lady or are they
• 11:32
  going to have fun staying poor? What do you think?
• 11:34
  I think, I mean, I mean personally I'll pass it on to
• 11:36
  Opti like they Europe's been one of the most hostile places from
• 11:41
  a regulatory perspective. So, you know, I think, I think
• 11:46
  the like, and you, and you're hearing, you know, multiple
• 11:49
  countries in the European Union talking about an exit tax,
• 11:52
  right? And not to mention like the,
• 11:56
  the, the tax system there, the, it like, it's insane.
• 11:59
  It's like some of these countries you're paying 50 to
• 12:02
  60% of your, your income to the government, which is nuts,
• 12:07
  right? And of course, like we all know
• 12:10
  that that's really, really possible through like
• 12:15
  essentially a centralized control of the money, right?
• 12:18
  So are these politician not necessarily the people, right,
• 12:23
  But are, you know, these politicians going to be, you
• 12:26
  know, willing to give up that that amount of power in the
• 12:31
  United States? Like I think that this recent
• 12:33
  election like that's really like it was like a very pivotal
• 12:37
  moment in in, in American history and you know, somehow
• 12:41
  Bitcoin got involved in the conversation and which was
• 12:45
  interesting, right, Like we didn't really care about
• 12:47
  politics. And then all of a sudden
• 12:48
  operation choke .2 point O, they started attacking our industry.
• 12:52
  They forced our hand and you know, of course, you know, the
• 12:55
  opposing political party they're like, oh, we can get votes from
• 12:58
  these guys, like you know, free Ross right.
• 13:00
  So it's like they kind of created a situation where, you
• 13:03
  know, they forced Bitcoiners to become part of the donor class
• 13:07
  in the United States. I don't see that movement
• 13:10
  happening in Europe. You know, there's, there's so
• 13:13
  many awesome Bitcoiners. I, I, I spent a month in Europe
• 13:16
  this year in Bitcoin, Amsterdam and Lugano.
• 13:19
  So many awesome bitcoiners, so many great Bitcoin companies
• 13:23
  too. But I, I don't know that's a,
• 13:25
  that that's a great question, man.
• 13:27
  Like I, I don't, you know, like I don't know, Opti, what do you
• 13:30
  think? We've been covering this for
• 13:31
  quite a while now. Yeah.
• 13:32
  Well, to answer Milion's question, personally, I don't
• 13:35
  think they're going to listen to this.
• 13:39
  I what? I can't pronounce her last name,
• 13:41
  but Sarah Nafo, I believe is how you say it.
• 13:44
  You know, a, a French member of parliament in the European
• 13:48
  Union. I don't think anyone's going to
• 13:49
  listen to her, but it is interesting.
• 13:51
  Like if you guys watch the clip, there is you know that one like
• 13:54
  seeing that move to that Lady and she's like kind of smirking
• 13:58
  and like agreeing to what she's saying.
• 14:00
  So I think the signal is spreading, but we've been kind
• 14:03
  of talking about this a while on the show, especially, you know,
• 14:06
  2024 was one of those years where we did see a lot of
• 14:10
  pushback against the Bitcoin narrative, especially in the US.
• 14:13
  We, you know, basically uncovered the whole operation
• 14:15
  choke .2 point O. It's become very obvious.
• 14:17
  We've been seeing a lot of the stuff coming out of the European
• 14:20
  Union and all the different states over there, and it seems
• 14:23
  like they are actively trying to kill entrepreneurs and
• 14:27
  capitalism and trying to tax unrealized gains.
• 14:30
  And it seems like I I've been saying it on the show all year,
• 14:33
  essentially the European Union basically wants to keep their
• 14:37
  citizens having fun and staying poor.
• 14:39
  But it. Is very.
• 14:40
  Interesting. It is very interesting to see
• 14:43
  this Bitcoin conversation happen in parliament like she sounds.
• 14:47
  Exactly the way that we sound on the show, she hit all of the
• 14:51
  different touch points. Obviously, El Salvador in the
• 14:53
  beginning kind of, you know, putting the middle finger to the
• 14:56
  IMF talking about the digital euro and how dangerous it is.
• 14:59
  And even in the tweet that she posted this on with this
• 15:02
  translated AI video, she said, you know, no to a digital euro
• 15:07
  and yes to a strategic Bitcoin reserve.
• 15:09
  And I think that's very interesting of just how quickly
• 15:12
  the conversation is switch switching up.
• 15:15
  Before it was, it was very basically like career suicide to
• 15:18
  embrace Bitcoin. Now it's the opposite where if
• 15:21
  you are actively fighting Bitcoin, as we saw in the US
• 15:25
  elections, you are not only hurting your chances of
• 15:29
  maintaining your office, but you're also ostracizing a a big
• 15:33
  voting political cohort out there.
• 15:35
  And so it is very interesting to see how quickly that Overton
• 15:39
  window shifts, how quickly the dominoes fall.
• 15:42
  And just kind of diving into one of the quotes she said, you
• 15:44
  know, she said it's time for us to on freedom.
• 15:47
  I don't think I've heard any European politician say anything
• 15:51
  of that sort in the last couple of years.
• 15:53
  So it is very interesting that she is at the very least saying
• 15:56
  this. And like Milian was saying that
• 15:58
  people seem to be applauding and somewhat agreeing to what she's
• 16:01
  saying. And the last point I want to
• 16:02
  make is I absolutely love what she was saying about like
• 16:07
  essentially Bitcoin entrepreneurs.
• 16:09
  And Nico and I have been saying this forever on the show that,
• 16:12
  hey, why are we getting, you know, victimized for risking it
• 16:16
  to save in Bitcoin to try to protect our savings.
• 16:19
  And then they want to, you know, tax our unrealized games on on
• 16:23
  Bitcoin because we're the ones that took the risk.
• 16:25
  We're out here trying to build a new monetary system and we're
• 16:29
  getting punished for it. It really is not only anti
• 16:32
  capitalist, but I would argue like anti human, anti
• 16:35
  progression. Like this is taking us into a
• 16:39
  situation that is very scary. But I think we are starting to
• 16:42
  see some light at the end of the tunnel.
• 16:44
  Just the fact that this conversation happened and the
• 16:46
  fact that she went out there and has this like very base pro
• 16:49
  Bitcoin stance in the face of all these people that have been
• 16:52
  very much anti Bitcoin, especially, you know, she's
• 16:56
  she's French and and they've they've been talking very bad
• 16:59
  about Bitcoin recently. And so it's funny that she's in
• 17:02
  the EU essentially, you know, slapping the face out of the
• 17:08
  French parliament and saying like you guys are are backwards
• 17:11
  here. It's this is not about trying to
• 17:14
  stop the Bitcoin movement. It's about embracing the Bitcoin
• 17:17
  movement because this is how you are going to get ahead in the
• 17:20
  future. So I'm, I'm not that hopeful
• 17:23
  that other members of the EU parliament are actually going to
• 17:26
  listen to this lady. I would obviously hope that they
• 17:29
  do because as a Bitcoiner, you, you understand that, hey, if you
• 17:33
  embrace Bitcoin, you're going to prosper in, you know, the 21st
• 17:37
  century. And, and that's what this is all
• 17:39
  about is we just want to maintain our purchasing power.
• 17:42
  We just wanted better money, something that isn't designed to
• 17:44
  steal from us. And the fact that that's
• 17:46
  catching on, I think it's very hopeful of what Nico, we said,
• 17:49
  like the Overton window has shifted.
• 17:51
  People are fundamentally starting to have a new
• 17:53
  perspective around Bitcoin. And I think like Million was
• 17:56
  saying, 2025 is going to be an incredible year, obviously, not
• 18:00
  just for the Bitcoin price, but for the narrative shift around
• 18:03
  Bitcoin that, you know what, what do we always say?
• 18:05
  Like if you don't have Bitcoin, you know you're not going to
• 18:09
  succeed in the future. Now it's starting to catch on.
• 18:12
  And I just love to see it like that.
• 18:14
  That's probably, that might be one of the most bullish speeches
• 18:18
  I've heard from any politician in a long time.
• 18:20
  Obviously talking crap about the digital euro, about how
• 18:24
  dangerous it is and embracing freedom.
• 18:26
  Like we need more politicians like this.
• 18:28
  Like let's, we need to push Sarah in in the future because
• 18:32
  she gets it. And I want to see more
• 18:34
  politicians talking like this. Yeah, and if she disappears, you
• 18:38
  know, anyways guys, we it's gonna be a great show.
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  Paper sucks. You want to literally stamp your
• 21:27
  seed into this plate of titanium.
• 21:30
  Your words are actually stamped into the metal plate with this
• 21:34
  hammer, so once your words are in, they aren't going anywhere.
• 21:38
  No risk of the plate breaking apart and your pieces falling
• 21:42
  everywhere. Titanium stamp seeds will
• 21:45
  survive nearly triple the heat produced by a house fire.
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  They are also crush proof, waterproof, non corrosive and
• 21:53
  most importantly, because this is generational wealth time
• 21:56
  proof, all things that paper is not allowing you to huddle your
• 22:03
  Bitcoin for the long haul. I mean, here is the plate that
• 22:06
  they crushed, they put in water, they put a blowtorch to it.
• 22:10
  And as you can see, the words have survived.
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  want to maintain the relationship with your
• 22:28
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• 22:30
  your Bitcoin to them. Imagine having that conversation
• 22:34
  when you're 80 years old and they look at you in the eyes and
• 22:37
  they say, grandpa pod, do you have my Bitcoin?
• 22:39
  And then you're like, no, I lost it because I wrote down my seed
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  off. All right, at the time of
• 22:51
  recording the Bitcoin price is $107,360.00.
• 22:55
  That sounds really good to say. Block height 875,183 sats per
• 23:01
  dollar under 1932 Market cap 2.13 trillion Bitcoin versus
• 23:06
  gold market cap 11.55% Percentage issued 94.27% decline
• 23:12
  from all time high point -.9% Realized monetary inflation
• 23:16
  1.14%. In the grand scheme of things,
• 23:20
  Bitcoin is just getting started. Anyways, Jack Mahler's had this
• 23:25
  great conversation with Matt Odell.
• 23:27
  We have the clip for you guys. We're going to play it and then
• 23:29
  we're going to talk about it. Let's check it out.
• 23:31
  So they're having fun. They're having fun gapping them
• 23:34
  over weekends. This.
• 23:35
  Is not. You don't.
• 23:37
  Think so. No, this is not odd lot retail
• 23:40
  traders listen guys, Ben and and when people like Peter Schiff
• 23:43
  says, you know bitcoins a Ponzi sailors just buying and pushing
• 23:47
  it to new highs and everyone's agreed not to sell no so.
• 23:51
  Then why are they buying on weekends?
• 23:54
  It's no. There's just persistent bid
• 23:58
  under this thing. Someone has mandated an order.
• 24:01
  So they're buying it all week, but the float is less on
• 24:04
  weekends inherently because other traditional markets are
• 24:07
  closed, so the price tends to run up more during the weekends
• 24:10
  even though it's just a consistent bid.
• 24:12
  Yeah. Well, and just look at the
• 24:13
  numbers when people say sailor's the only buyer.
• 24:18
  No, this thing's doing 60 to 60 to $100 billion of 24 hour
• 24:23
  volume. Sailors, 1 billion of that.
• 24:26
  Come on, give me a break. And this does not look like if
• 24:30
  you want to move a $2 trillion asset, I know we're not gold
• 24:34
  yet, but we're as big as we're, but we're as big as Amazon,
• 24:38
  Google, you know, do you think odd lot retail would move those
• 24:42
  things on the weekend? No, you got to have muscle to
• 24:45
  move this thing and especially on a Sunday night like that.
• 24:51
  And it's not just it's not just a one off because I would agree
• 24:54
  with you, Matt, if it was like, you know, 1 leveraged
• 24:57
  liquidation on an exchange that pushed it on a Sunday night.
• 25:01
  But weekend activity has been fairly consistent.
• 25:03
  If you guys remember like the first thrust 2 and over 100K,
• 25:08
  we're also on US night time. It's either US night time or you
• 25:14
  are weekends. That is that is U.S. banking
• 25:17
  hours closed. That is someone who's probably
• 25:20
  wired a ton of money to an order execution and that's being
• 25:24
  averaged in and sometimes liquidity gets dry.
• 25:29
  I don't know it it looks to me very unique and anyway I think.
• 25:35
  Let's use, let's use this most recent weekend as an example,
• 25:38
  right? Because to me this is
• 25:40
  fascinating, right, that that historically global markets
• 25:45
  closed. They're almost, they're closed
• 25:48
  as more than they're open. It feels like they're closed
• 25:51
  more than they're open. They're closed all night.
• 25:54
  Their trading hours are very tight and then they're closed on
• 25:57
  weekends, right? And part of like the whole
• 26:01
  process and traditions and whatnot of, of traditional
• 26:05
  global markets is for example, the NASDAQ 100 like QQQ and
• 26:10
  whatnot, like announce MicroStrategy close a business
• 26:13
  day Friday, presumably they do that traditionally speaking so
• 26:18
  that it has the least market effect possible.
• 26:22
  So they announced that and then markets are closed for 48 hours,
• 26:28
  right? Almost nearly like more than
• 26:30
  that, right? It's like 50 hours or something
• 26:35
  and, and, and, and we, we go up like $7000.
• 26:38
  We go up almost 10%. We go up like seven, 8% by the
• 26:42
  time markets open again. We've never seen anything like
• 26:44
  that. How about the election when
• 26:45
  Trump won? Bitcoin just starts, just starts
• 26:49
  running right? Like all the election before CNN
• 26:52
  called the election and but Bitcoin was the only thing you
• 26:55
  could trade. Like you couldn't buy Apple
• 26:57
  stock. Like if you were bullish on
• 26:58
  Apple stock, you're bullish on like equities because of, of
• 27:02
  Trump winning, you just couldn't buy it.
• 27:04
  Like you could only buy Bitcoin. So to me, it's fascinating
• 27:06
  seeing Bitcoin become this macro asset and it's the only thing
• 27:09
  that's actually 24/7, 365 all. Right.
• 27:16
  I mean million who who's who's buying?
• 27:21
  I, what, what, what Everyone's laughing.
• 27:25
  What I do it's. Just like no one knows, but
• 27:27
  yeah, ask the. Question.
• 27:28
  I'm not going to pretend like that.
• 27:29
  I know who's buying on the weekends, especially on such.
• 27:32
  I thought, I thought you guys were laughing because I, I
• 27:34
  pronounced his name wrong again. And I'm like.
• 27:37
  A. Million there we go.
• 27:39
  See. OK, All right, so same question,
• 27:44
  who's buying? OK, so he said it right.
• 27:46
  There's $100 billion worth of volume sailors only buying 1
• 27:50
  billion out of that. Who's the other?
• 27:52
  Who's the other people? Yeah, Like I said, I'm not going
• 27:56
  to pretend that I know who that is.
• 27:58
  Obviously there's a big player there or maybe you know
• 28:02
  multitude of of bigger players. But the bigger point here is the
• 28:08
  whole liquidity profile of Bitcoin.
• 28:12
  So we're talking about maybe $1.5 trillion asset in terms of
• 28:16
  market cap. I don't know.
• 28:17
  I don't follow this on a daily basis.
• 28:19
  And these numbers change quite a bit, but let's say that's the
• 28:21
  order of magnitude. So maybe 110th of gold, much,
• 28:26
  much smaller, excuse me, than the US Treasury market.
• 28:30
  Yet it's starting to compete with those massive markets in
• 28:35
  terms of liquidity. And the obvious advantage that
• 28:39
  it has is 24/7 trading. You can't make those trades in
• 28:45
  Treasuries or gold. I mean, especially when it comes
• 28:48
  to, you know, getting custody of physical gold, that's basically
• 28:52
  impossible. You need the Navy every time you
• 28:55
  want to take custody right of any bigger amount.
• 28:59
  So what's, what's the take away here?
• 29:02
  What's what's, to me, the most important thing is that Bitcoin
• 29:07
  is showing signs of superior liquidity profile to any other
• 29:13
  asset as its market cap is rapidly growing and liquidity is
• 29:19
  king indeed. Types of things we were talking
• 29:20
  about network effects, big players who need to allocate
• 29:25
  large amounts, They have all these needs to, you know, be
• 29:29
  able to allocate without moving the price.
• 29:31
  So I don't think we're there yet.
• 29:34
  The price just needs to go up 10X or 100X and we'll be fine.
• 29:38
  But it seems like as we get there, it's obvious that they
• 29:43
  will. The Bitcoin will have no
• 29:45
  competition when it comes to liquidity.
• 29:49
  So exciting times ahead, no question.
• 29:51
  Yeah, absolutely. I completely agree with you,
• 29:53
  Milian, because it it's, you know, and and Matt really, and
• 29:56
  he went on a rant at the end and I love that, right.
• 29:59
  Which is like what? You can't just buy apple.
• 30:02
  Like, let's say you wake up on Saturday and you know, you're
• 30:06
  just like, you know what? I went out last night and I just
• 30:10
  think Apple's dope because I saw everyone had iPhones and
• 30:13
  whatever. Well, how about sorry to cut you
• 30:15
  off, Nico, How about something big and important happened on
• 30:19
  Saturday and you as a market participant, you need to react
• 30:23
  to that? Exactly.
• 30:25
  So what are your? What are your options?
• 30:29
  That's the only option. Bitcoin's the only that's so
• 30:32
  true that that's a really, really good point, right?
• 30:35
  Like, yeah, something bad news happens, right?
• 30:37
  And you're like, Oh my God, you know, good news.
• 30:40
  Exactly. And it's just like every frozen,
• 30:42
  you know. And then you know, what's also
• 30:44
  really interesting, I'm really glad that you brought that up,
• 30:46
  is the, the circuit Breakers, right in the the stock market,
• 30:52
  right? So like, if a stock has
• 30:53
  volatility of more, what is it like 15% or something Like they
• 30:57
  just turn off as Bitcoiners, we're just like, what, what,
• 31:02
  what does that even mean? How is that even possible?
• 31:05
  You know? So I feel like, and it's, it's
• 31:07
  actually like Jeff Booth that talks about this, right?
• 31:10
  Like Bitcoin is really the only thing that is accurately,
• 31:15
  accurately portraying market prices and market signals.
• 31:20
  Everything else is manipulated. Everything else, the government
• 31:23
  or the state, they have their hands on it, they manipulate it.
• 31:27
  Bitcoin is the only thing that's properly reflecting the markets
• 31:32
  and not also that not only the markets, but also properly
• 31:35
  reflecting what Jeff Booth makes the case for, which is that the
• 31:39
  world should be naturally deflationary because of all the
• 31:44
  the technology, the technological innovation and the
• 31:48
  productivity gains. But we're not seeing any of that
• 31:51
  unless you're on a Bitcoin standard.
• 31:52
  If you're under Bitcoin standard, you're like, Oh my
• 31:53
  God, my life is getting cheaper. You know, I just got to, I just
• 31:56
  got to work and save and you know, I'll be able to live the
• 31:59
  life that I want to live. But if you're on a Fiat
• 32:02
  standard, it's all darkness, it's nihilism.
• 32:04
  You don't see any of that. So million, I don't know if you
• 32:07
  want to add to that. If not, we'll pass it on to
• 32:09
  Opti. Let's hear it from Opti.
• 32:13
  Let's go. So I think like Milian was
• 32:16
  saying, I think the big picture here is essentially I think it
• 32:20
  was Odell who said it, that Bitcoin is becoming that macro
• 32:24
  asset. As we've seen in previous
• 32:26
  cycles, it was completely, you know, pushed up by retail.
• 32:31
  And as Jack Mullins was kind of talking about this isn't odd lot
• 32:34
  traders, as he was saying, like this isn't just retail that is
• 32:38
  buying Bitcoin to push the price up 'cause you know, even
• 32:41
  yesterday I was still thinking Bitcoin was a one trillion
• 32:44
  dollar market cap, even though now we're at two and the
• 32:46
  Bitcoin, you know, the Bitcoin price moves so quickly sometimes
• 32:49
  that you are still using old metrics.
• 32:51
  But when you kind of frame it like Jack Muller just saying,
• 32:54
  you know, $2 trillion market cap is essentially like Amazon or
• 32:58
  something like that. And odd law or retail aren't the
• 33:01
  ones that are going to be moving the price up right now.
• 33:03
  And so as you can see, there is some very big buyers in Bitcoin
• 33:08
  and we can all speculate on who that is as as we've been
• 33:11
  covering the last couple of weeks, It could be some of the
• 33:14
  biggest nation in the world, like it could be Russia, it
• 33:16
  could be China, it could be, you know, people in the Middle East.
• 33:20
  Like we've seen a lot of conversation happening, a lot of
• 33:23
  leak rumors coming around that, hey, these strategic Bitcoin
• 33:26
  reserve bills or conversations are happening and it's being
• 33:29
  taken very seriously. And one of the things that I
• 33:32
  always loved about bull markets was the the weekend pumps.
• 33:37
  So you know, Wall Street checks out at 5:00 PM Eastern Time, the
• 33:40
  price starts pumping. It pumps all weekend, and then
• 33:42
  Monday, it just dumps. And those were like the glorious
• 33:45
  days of the Bitcoin bull markets where you're like, yeah, Wall
• 33:48
  Street traders are getting wrecked.
• 33:50
  And now we're seeing that it's kind of back on the table.
• 33:52
  And you just love to see it. And really kind of like diving
• 33:55
  down into the numbers here. You know, a lot of people have
• 33:58
  been joking or maybe very seriously saying the meme of,
• 34:03
  hey, sailor, can you buy some more Bitcoin so you can pump the
• 34:06
  price, please? And, you know, Sailor's been
• 34:08
  buying billions of dollars of Bitcoin.
• 34:10
  But as Jack Mullins was kind of pointing out, sailors basically
• 34:14
  1% of the buying pressure right now.
• 34:17
  So there is some people out there and we'll probably figure
• 34:20
  out soon enough, but some very deep pockets that want to get a
• 34:23
  position in Bitcoin. And you know sailors only a
• 34:27
  small fish in that conversation. If it is 60 billion, 100 billion
• 34:31
  of buying pressure and sailors only buying 1 billion like there
• 34:35
  is a a big amount of money that is trying to get into Bitcoin
• 34:39
  and I'm sure soon enough we'll figure out who that is.
• 34:43
  But the point remains the same that as Odell was talking about
• 34:46
  as Mueller just kind of saying, as we've been saying, Bitcoin is
• 34:50
  that macro asset 24/7, 365 liquidity, you can trade it all
• 34:55
  day, all night and now everyone is kind of waking up to it.
• 34:58
  And if we really kind of connect that to the original clip that
• 35:01
  we played of the, the French lady in parliament saying, guys,
• 35:07
  we need to embrace freedom. Like Bitcoin is the only real
• 35:10
  time metric, the only real time free market liquidity asset in
• 35:16
  the world. And people are waking up to
• 35:17
  this. And this is the main selling
• 35:19
  point. It's really funny when you kind
• 35:21
  of hear people like no corners talk about Bitcoin.
• 35:23
  They're like, oh, what's the use case of Bitcoin?
• 35:25
  And you're like, I don't know, maybe a money, maybe a market
• 35:29
  that isn't controlled, that is 24/7, you know, global.
• 35:33
  So that everyone, once they tap into that network, they can have
• 35:36
  real time signal of what's going on in the global market.
• 35:40
  And we're seeing that that's happening right now.
• 35:42
  So as we've been talking about on the show all year, now that
• 35:45
  institutional capital is here, now that this is a conversation
• 35:49
  that's happening on the nation state level, it is truly
• 35:51
  becoming a global asset or a global, you know, macro money,
• 35:55
  which is what what Bitcoin was designed in the 1st place.
• 35:58
  This is a global money not controlled by anyone.
• 36:00
  It's neutral money, you know, neutral global money right now
• 36:04
  and you're seeing that people are starting to wake up to that.
• 36:06
  So who is that, You know, extra $59 billion of buying pressure
• 36:12
  right now? We don't have, we have no clue,
• 36:14
  but it's most likely either a lot of billionaires or a couple
• 36:19
  of nation states that are bidding for a Bitcoin position.
• 36:23
  So I'm sure we'll figure it out. Maybe it's even the US now.
• 36:25
  Like who we, we have no clue right now.
• 36:27
  Like we have no clue what's happening.
• 36:29
  You know, maybe it's what, what do you like to call it, Nico,
• 36:32
  since we are on YouTube, the administrative state, you know,
• 36:35
  the, the, the DS, you know. Dude, you know, bro, listen,
• 36:41
  this is you guys are look, look, look, we all know who it is.
• 36:44
  Chrissy Lagarde is buying all the Bitcoin.
• 36:47
  She's buying it all. She she's like, you know what
• 36:50
  I've lost, you know, we're just we're just going to buy it
• 36:53
  before, you know, before they end the central bank and then
• 36:57
  the central banks all own all the Bitcoin could be a
• 36:59
  possibility like that's a lot of Bitcoin in the comment.
• 37:03
  That's a lot of Bitcoin and just no one knows who it is.
• 37:06
  But anyways, it's a great clip from Mallers and and from Odell.
• 37:10
  But we're going to get to the news.
• 37:11
  We have tons to talk about, some interesting tweets.
• 37:14
  And then guys, we're going to talk about during the culture
• 37:17
  segment, we're going to talk about Noster and we're going to
• 37:20
  talk about Primal. We're going to take advantage of
• 37:22
  the fact that we have million here.
• 37:23
  The CEO of Primal love the app, by the way, we're going to talk
• 37:27
  more about that. So stay tuned.
• 37:29
  We will be right back. I want what just happened.
• 37:35
  That was weird. I want to give a very special
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  passport by foundation devices. Anyways, let's get to today's
• 39:59
  news. I saw this, I saw this, this
• 40:02
  post. It's not a tweet anymore, I
• 40:04
  guess by Michelle weekly and a big fan of hers.
• 40:08
  She has some great takes. And I found this really
• 40:11
  interesting. And again, this is kind of, I'm
• 40:14
  going to connect this what we we were talking about with the
• 40:18
  politician and her speech in the beginning, right?
• 40:21
  So I think politicians and governments, they get a
• 40:25
  tremendous amount of power from having monopoly on money.
• 40:31
  And I think that they're able to control people in ways, and I
• 40:36
  think that they're able to redistribute wealth in a lot of
• 40:40
  ways as well, right? Not only via direct taxation,
• 40:44
  but also taxation via monetary debasement, taxation via
• 40:48
  inflation as well. And I think that Bitcoin maybe
• 40:52
  not income tax, I don't want to go down that route because, you
• 40:56
  know, it's in law. People agreed to it as a social
• 40:59
  contract. You know, it's very it's a hot
• 41:02
  button issue. I have my personal feelings
• 41:04
  about it and I'm sure all of us do.
• 41:06
  We're Bitcoiners, right? But you know, it's in law,
• 41:09
  right? But the other, you know, form of
• 41:12
  taxation, which is not agreed upon.
• 41:15
  In my opinion, no one really agreed to inflation.
• 41:18
  That's just something that the government or the central bank
• 41:21
  treats like a, treats it as if, you know, it's a fact of nature,
• 41:24
  so to speak. You know, they get a, a huge
• 41:28
  portion of their revenue from that.
• 41:30
  You know, the United States last year in 2023, they spent $1.7
• 41:35
  trillion more than they collected in tax revenue.
• 41:38
  How did they do that? How they did, how did they do
• 41:40
  that? Deficit spending?
• 41:42
  They just printed the difference, right?
• 41:44
  And that ain't free. That ain't free.
• 41:46
  We all pay for that, right? It's just people are just not
• 41:49
  aware of this. Now, why am I bringing all this
• 41:52
  up? I'm giving a little bit of
• 41:53
  context because essentially within the Bitcoin system,
• 41:58
  you're escaping that system. You're escaping a system that it
• 42:02
  needs. It essentially needs you, right?
• 42:05
  I love the the quote from the sovereign individual, right,
• 42:07
  where it basically says that the state sees its citizens like tax
• 42:11
  cattle. And now the Internet or
• 42:14
  information tech technologies is going to give the tax cattle
• 42:17
  wings, right? So the the natural evolution of
• 42:21
  this is I think eventually there is going to be some type of
• 42:26
  clash. I think we saw a little glimpses
• 42:29
  of that with the operation choke .2 point O the attack on self
• 42:33
  custody wallet of Satoshi leaving the United States,
• 42:37
  Phoenix wallet leaving of the leaving the United States.
• 42:40
  Shout out to Zeus primal. You guys stuck around as well.
• 42:43
  You guys have a great lightning wallet.
• 42:45
  But, you know, we were in this regulatory uncertainty last year
• 42:50
  because there was a lot of hostility coming from the
• 42:54
  current administration, which is, you know, they're basically
• 42:57
  out of out of office, out of power January 20th when the
• 43:00
  Trump administration gets sworn in.
• 43:02
  And hopefully, you know, Trump keeps his promise and the
• 43:04
  regulatory environment improves. But when I see stuff like this,
• 43:09
  you know, it, it just like it it I have that little feeling in
• 43:12
  the back of my mind like, Oh my God, you know, like, are things
• 43:16
  really, really changing? So what am I talking about?
• 43:19
  So Michelle, Michelle weekly posted this and it goes on to
• 43:23
  say new Iris regulations are on the way for Bitcoin,
• 43:27
  complicating reporting even further.
• 43:30
  Essentially, before 2025 begins, the IRS wants Bitcoin holders to
• 43:35
  allocate their cumulative cost basis of their assets among
• 43:38
  designated wallets. Now that word worries me.
• 43:42
  What do you mean designated wallets, right?
• 43:44
  Like, what does that mean? Right?
• 43:46
  That that kind of that's like an invented term.
• 43:50
  You know, it reminds me of the term hosted wallet and unhosted
• 43:53
  wallet, right? Just these terms that like
• 43:55
  bureaucrats had to make up to basically make self custody
• 44:00
  abnormal to make it to to essentially demonize it in a way
• 44:04
  words are very powerful. Anyways, it goes on to say
• 44:07
  they're requesting this in anticipation of a new accounting
• 44:10
  method which mandates that gain slash losses on Bitcoin is
• 44:15
  calculated independently in distinct wallets.
• 44:19
  This new rule is rolling out in tandem with a new tax form
• 44:23
  called the 1099 DA, which will be filled by exchanges slash
• 44:28
  brokers to report details of client of client gain slash
• 44:32
  losses to the IRS. As we anticipate they're going
• 44:35
  to make the administrative burden on using Bitcoin as
• 44:38
  currency ever more difficult. They're effectively discouraging
• 44:42
  self custody and privacy with these kinds of regulations.
• 44:46
  These new regulations will result in more exchange power
• 44:49
  and centralization, less privacy and more overhead for those who
• 44:53
  want to use Bitcoin legally as a currency.
• 44:56
  Also to note the IRS has begun to integrate AI into their their
• 45:00
  review of tax returns and blockchain activity.
• 45:04
  The walls closing in, gentlemen. Now, what's really interesting,
• 45:07
  and I think it's going to be better under the Trump
• 45:09
  administration is like my question is like, look, you
• 45:15
  don't pay capital gains. If I, let's say I go from the
• 45:21
  United States and I go to Europe and I convert my dollars to
• 45:25
  euros, you don't pay capital gains on that, right?
• 45:30
  Why do I have to pay capital gains on Bitcoin, right?
• 45:33
  Like if it if it's a currency and I'm using it as a currency,
• 45:36
  why is it treated, You know, why do I have to pay on that?
• 45:40
  And then there's already countries that have already
• 45:43
  declared it legal tender, like El Salvador, right?
• 45:46
  And this is actually something that Trump has even brought up
• 45:49
  like Trump verbatim. And we've read you guys this
• 45:52
  quote in the past. He's like, if Bitcoin is a
• 45:55
  currency, like why is there why do people have to pay capital
• 45:58
  gains on that? That doesn't, that doesn't make
• 46:00
  any sense, right? So and then you kind of have to
• 46:03
  go down the rabbit hole like why is this happening?
• 46:06
  You know, why are they doing these types of things?
• 46:09
  Well, because Bitcoin is outside the current system.
• 46:12
  And if because it's outside of the current system, they can't
• 46:16
  enforce the way that they used to enforce laws in the previous
• 46:21
  system, which they had total control over, right?
• 46:24
  So, you know, it's a, it's a brave new world.
• 46:27
  I think that this is going to be a, an interesting heated topic
• 46:32
  and discussion over the next 5 to 10 years.
• 46:36
  The theory of the case that we've been making over the show
• 46:38
  on the show for the last two or three years, is that what I was
• 46:43
  calling the great disintermediation.
• 46:46
  I believe that social media, like social media and protocols
• 46:51
  like Noster has disintermediated information, right?
• 46:56
  People no longer trust the so-called mainstream media.
• 46:59
  They're not mainstream media anymore.
• 47:01
  They're legacy media. You have Elon on X basically
• 47:04
  saying we are the media now, so that disintermediation has
• 47:07
  happened. But look at all the things that
• 47:10
  have happened to get to that point, right?
• 47:12
  There was discovery that essentially that elements of the
• 47:15
  US government been putting pressure on X and a pressure on
• 47:18
  a lot of these platforms to censor information, which is not
• 47:22
  just completely against the 1st amendment.
• 47:24
  Now what I think the next step is so the disintermediation of
• 47:27
  information started, right? I think it's like we're we're
• 47:30
  we've went over the hump on that end.
• 47:32
  But what I don't think we have even discussed, I don't think we
• 47:36
  have even started, this is the disintermediation of money.
• 47:41
  And I think we're in like the first innings of that process
• 47:45
  now. The difference between
• 47:47
  information and money is a much big, bigger difference.
• 47:51
  Look at how much even in the United States where you have
• 47:54
  First Amendment protections, look at how much the government
• 47:59
  fought to keep control of the narrative.
• 48:03
  Before social media, there was a handful of legacy media outlets
• 48:09
  so-called gatekeepers of information of which you can put
• 48:12
  pressure on to control the narrative.
• 48:15
  The American public was sold that Iraq had weapons of mass
• 48:19
  destruction in 2003. If social media existed back
• 48:24
  then, we would have individual citizens would have the ability
• 48:28
  to rebuke that in real time. We didn't have the ability back
• 48:32
  then. There was a handful of channels.
• 48:34
  There was a handful of newspapers and we trusted them.
• 48:38
  But I think what the Internet has shown over the last 10 years
• 48:41
  is, you know, are, are these people really journalists?
• 48:44
  Like, you know, it's, it's pretty crazy that just, you
• 48:47
  know, two guys that decided a YouTube channel or a lot of the
• 48:50
  time more accurate than a lot of these journalists.
• 48:53
  You know, And This is why I believe you've seen the rise of
• 48:57
  independent media so fast and so hard.
• 49:00
  You know, it's not a coincidence that Joe Rogan is the most
• 49:03
  popular broadcaster on the face of the planet.
• 49:05
  That's not a coincidence. It's not legacy media anymore.
• 49:08
  And of course, that puts, you know, people that want to
• 49:11
  control the truth in a bind. Now what I think is coming, you
• 49:16
  know, over the next 5 to 10 years, is that same process that
• 49:20
  we went with information we're going to go through with money.
• 49:24
  The difference between the two is that their control of money
• 49:30
  is their source of power. Their control of money is their
• 49:33
  source of funding. And essentially we're knocking
• 49:36
  on the door. We're basically saying like,
• 49:38
  hey, man, we're going to change some things here.
• 49:44
  Things are going to be differently.
• 49:45
  Like it is completely naive to think they're just going to hand
• 49:50
  over the keys and go willingly into that good night.
• 49:53
  That's not going to happen, right?
• 49:55
  So you know what I think is optimistic and I would not have
• 50:01
  been able to tell you this a year ago is this recent election
• 50:04
  and and the game theory that's starting to play in you have a
• 50:08
  pro Bitcoin administration going into the White House.
• 50:11
  So for all the people that gave us crap for talking about
• 50:14
  politics for like 6 months, we're like guys, like we don't
• 50:17
  want to talk about this, but like, unfortunately we all want
• 50:21
  to live in the world of the sovereign individual where
• 50:23
  politics are irrelevant. They don't matter.
• 50:25
  We're not at that world yet. And unfortunately, Fiat politics
• 50:28
  matter these days. They still do.
• 50:30
  And I think they're going to matter for the foreseeable
• 50:32
  future while we're in this transitionary phase, you know, I
• 50:37
  think it's important to keep on top of all that.
• 50:40
  So anyways, Milian, you're, you're Bitcoin entrepreneur,
• 50:44
  you've developed this amazing app, you know, that does
• 50:47
  multiple things. So I'm sure that these are, you
• 50:50
  know, topics that you spend time thinking about and, you know,
• 50:55
  because you have to be able to kind of navigate this as a, you
• 50:59
  know, as a, as a Bitcoin business owner.
• 51:03
  Yeah, definitely. I think about these topics as a
• 51:05
  lot as a Bitcoin entrepreneur, but also as a Bitcoiner.
• 51:10
  So what you outlined there is some potentially onerous rules
• 51:14
  being set up related to, you know, tracking capital gains and
• 51:19
  Bitcoin and so forth. That's interesting.
• 51:21
  It's probably, it looks like it's a remnant of the current
• 51:24
  administration that's on its way out based on how hostile it is
• 51:29
  to to Americans, essentially to American Bitcoiners.
• 51:33
  But it's interesting how this jurisdictional arbitrage or
• 51:38
  jurisdictional game theoretic battle is already unfolding
• 51:44
  between countries when it comes to even things like capital
• 51:48
  gains. You have some countries and I
• 51:50
  think there's some countries in Europe, actually, I think it was
• 51:53
  Czech Republic if I'm not mistaken, that had announced
• 51:57
  that they're removing capital gains in Bitcoin if you hold it
• 52:01
  for longer than three years. So that's interesting.
• 52:05
  I think there's some favourable tax treatment in Portugal and,
• 52:09
  you know, other countries as well then.
• 52:11
  And then of course, there's El Salvador where Bitcoin is legal
• 52:15
  tender, which means that you have to treat it as a currency
• 52:19
  and therefore there's no capital gains on currency.
• 52:22
  So how interesting that this game theory of this kind of
• 52:29
  battle between countries and kind of the way the world will
• 52:33
  look like on an unfolding Bitcoin standard was really
• 52:40
  defined over a decade before Bitcoin was invented.
• 52:45
  And like, I'm of course referring to the sovereign
• 52:49
  individual book that you mentioned previously.
• 52:52
  They have foreseen all of this. And to me, that's one of the
• 52:56
  most impressive books I've ever read.
• 52:59
  These guys were able to create a model of the world based on
• 53:04
  their understanding of history, philosophy, monetary economics,
• 53:08
  etcetera, etcetera, and then project using the same model
• 53:14
  with that essentially says that the entire society is basically
• 53:20
  built on the logic of violence. There's like a fundamental kind
• 53:25
  of law. There's a fundamental situation
• 53:29
  on the ground at any given point, and then all the laws and
• 53:34
  rules and the, the culture is built on top of that.
• 53:37
  But when the fundamentals change, for example, when you,
• 53:40
  the discovery of, of gunpowder change the society entirely
• 53:45
  because the, the fundamentals are different now, you know,
• 53:50
  nobody was talking about all men being created equal in medieval
• 53:55
  times. That was obviously silly because
• 53:58
  one night in in an armor could plow through a whole village,
• 54:03
  right? But when gunpowder was invented,
• 54:06
  a farmer could defend his farm with a rifle on relatively equal
• 54:10
  terms. And then everything changes.
• 54:13
  And now we have another fundamental change.
• 54:15
  And it was foreseen by the sovereign individual, basically
• 54:19
  a cryptographically controlled currency that's outside of the
• 54:24
  domain of countries. So once we have that, once that
• 54:27
  exists, everything changes. And then they had foreseen in
• 54:32
  quite a bit of detail of how exactly this is going to play
• 54:35
  out. And I'm amazed to actually watch
• 54:39
  it play out. And I think they actually
• 54:40
  identified the 20s. It's been a few years since I
• 54:43
  read the book, but I think they said the 20's, the twenty 20s is
• 54:48
  a decade where this will actually unfold.
• 54:52
  This shift will happen. They said this will be dangerous
• 54:56
  times. Be very careful during that
• 54:58
  times, you know, because the governments are still going to
• 55:03
  continue to try to hold on to the power that they have
• 55:08
  desperately using any means available.
• 55:11
  So of course 1 needs to be careful when navigating this
• 55:15
  times. But I don't know how much this
• 55:17
  answers your question. I just find the whole we're here
• 55:20
  for the one of the biggest shows maybe in the history of mankind.
• 55:24
  It's happening in the twenty 20s.
• 55:26
  It's the moment when humans discover digital scarcity and
• 55:32
  are monetizing that digitally scarce commodity in real time.
• 55:37
  And it's every bit as chaotic as you would expect a process like
• 55:42
  that to be. So yeah, those are my thoughts.
• 55:45
  A. 100% and and you know it and it just watching them, you know,
• 55:50
  come to terms with like, Oh my God, this thing isn't going
• 55:54
  away. You know, it's just glorious to
• 55:57
  watch, right? And these people, you know,
• 56:00
  thought that they were all powerful.
• 56:01
  And in a way they still are. You know, they have, they hold
• 56:04
  the monopoly on violence, right? They can go after one
• 56:07
  individual, but good luck with the decentralization.
• 56:11
  Good luck. And they don't know how to deal
• 56:12
  with it, right? So it's, you know, it's, it's
• 56:16
  fascinating to watch it unfold. Opti, what's your take before we
• 56:19
  hit the culture to talk about Noster and Primal?
• 56:22
  Yeah, I mean, I would was just going to basically echo what
• 56:26
  Milian was saying that it does definitely seem like a remnant
• 56:31
  of the current Biden administration.
• 56:33
  And so hopefully we see some change in 2025 with a new
• 56:38
  administration coming in and obviously a more pro Bitcoin
• 56:41
  stance. And like Milian was saying, you
• 56:44
  know, the interesting part going on right now is the
• 56:46
  jurisdictional arbitrage that we're seeing pop up around the
• 56:50
  world, like you, you know, was mentioning Czech Republic,
• 56:52
  Portugal. And it just, it really goes into
• 56:55
  the Bitcoin thesis that where Bitcoin is treated correctly or
• 56:58
  the best, that's where capital is going to flow.
• 57:00
  So if America really does want to maintain its position as a
• 57:05
  leader in the world, they're going to have to treat Bitcoin
• 57:08
  favorably. But obviously it's a 2 sided
• 57:10
  coin here because they probably do have the most to lose
• 57:13
  considering that the dollar is the world reserve currency.
• 57:16
  And of course they're trying to do their best to implement some
• 57:19
  some form of capital controls here.
• 57:22
  Because I think what we've been kind of seeing all year long is
• 57:26
  I think in the beginning of the year, a lot of bitcoiners were
• 57:29
  saying that oh the powers that be, they don't understand
• 57:31
  Bitcoin. Look how silly they look talking
• 57:33
  about Bitcoin and as the years progressed you to recognize that
• 57:37
  I think they very clearly understand what the stakes are
• 57:40
  right now and they're doing their best to try to stop the
• 57:44
  adoption of Bitcoin. Now, with all that being said, I
• 57:47
  was reminded of of a tweet by Bitstein and he was just quoting
• 57:52
  Hal Finney. And this is a Hal Finney quote,
• 57:55
  and he said this in 2011. And I think it's very fitting to
• 57:59
  relay the same message here today with this segment.
• 58:02
  So again, Hal Finney on the Bitcoin forum or Bitcoin talk
• 58:05
  forums, he goes every day that goes by and Bitcoin hasn't
• 58:08
  collapsed due to legal or technical problems, that brings
• 58:11
  new information to the market. It increases the chance of
• 58:14
  Bitcoin's eventual success and justifies a higher price.
• 58:17
  And I think this is kind of what we're seeing right now that as
• 58:20
  we've been covering all 2024 with Operation Choke, .2 Point
• 58:24
  O, etcetera, the the fact that we know they've been attacking
• 58:27
  the on and off ramps. And now with this kind of new
• 58:30
  legislation being pushed through or at least attempted to be
• 58:33
  pushed through, you're seeing that right now.
• 58:35
  They're kind of realizing that they can't actually stop Bitcoin
• 58:38
  the network. And so now they're trying to
• 58:40
  take a legal route to stop Bitcoin adoption or the use of
• 58:43
  Bitcoin. And like Emilian was saying, I
• 58:46
  think that is going to be, and Nico, you said as well, I think
• 58:49
  that's going to be the next fight.
• 58:50
  And hey, I mean, you know, I guess as Bitcoiners, we just got
• 58:53
  to buckle up. It's buckle up.
• 58:56
  I mean, you know, simplemente simplymente Bitcoin, right?
• 59:00
  We're going to just El Salvador baby.
• 59:02
  But anyways, guys, stay tuned. We're going to talk about
• 59:05
  Noster, all things Noster. We're going to talk about Primal
• 59:07
  during the culture segment. So stay tuned.
• 59:10
  We will be right back. I want to give a shout out to
• 59:14
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  hivedigitaltech.com. All right everybody, before we
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  All right, I do want to open the conversation, want to take
• 1:01:08
  advantage of the fact that we have million in the house.
• 1:01:11
  You know, guys, I went through I have to give a little bit of
• 1:01:14
  context here. So simply, you know, we're a
• 1:01:18
  media we're a media only play. We're a media business, right?
• 1:01:21
  And you know, the, and we're, we're video focused, right?
• 1:01:26
  And the reality is that if you want to build, you know, a, a
• 1:01:31
  video media play, there's very limited options.
• 1:01:36
  You kind of have to you, you're, you have to use YouTube.
• 1:01:39
  And I'm a big fan of YouTube and a big fan of Rumble and I'm a
• 1:01:43
  big fan of X. But, you know, the reality is
• 1:01:47
  that they're platforms you don't like.
• 1:01:51
  It is what it is, you know, and I'm very thankful and I grew up
• 1:01:54
  with these platforms, and I love these platforms.
• 1:01:56
  But as I was mentioning in the previous segment, you know,
• 1:02:01
  these platforms, because people are moving away from the media
• 1:02:05
  and the political discussion is happening on these platforms.
• 1:02:09
  Politics is starting to get involved, right?
• 1:02:13
  So, you know, even platforms like X, right, which is under
• 1:02:17
  the leadership of Elon Musk is not immune to this, right?
• 1:02:21
  And I didn't truly, I always had a Noster account.
• 1:02:26
  I posted on Noster, but I truly didn't value it until simply
• 1:02:31
  Bitcoin went through our deplatforming scare.
• 1:02:35
  And, you know, thankfully, thankful to all the community
• 1:02:38
  and the Forbes article and the Zero Hedge article, all the
• 1:02:42
  attention that we got, we were able to cause enough of a
• 1:02:45
  commotion where, you know, where we were able to get our channel
• 1:02:50
  back. And we're thankful for the
• 1:02:51
  community and we're thankful for Team YouTube for making that
• 1:02:54
  happen. But at the same time, that's
• 1:02:56
  where something snapped into my head as a kind of Bitcoin media
• 1:03:02
  entrepreneur, whatever you want to call it.
• 1:03:04
  And I said, Oh my God, like this might not have the volume, but I
• 1:03:10
  feel like it's my responsibility to, you know, start pushing
• 1:03:16
  forward protocols like Noster and start promoting protocols
• 1:03:20
  like Noster. So since that day, since that
• 1:03:23
  week, and, and I do want to give a shout out to because you
• 1:03:27
  walked me through this when I was like messaging everywhere.
• 1:03:30
  I was posting on on primal left and right, like guys, how do you
• 1:03:34
  upload on here? I was sending you messages and
• 1:03:36
  you know, of course the community was so was so awesome
• 1:03:40
  and they were able to answer my my noob questions.
• 1:03:43
  I'm a media guy. I'm not a tech guy.
• 1:03:45
  And ever since that week, we have started posting our links
• 1:03:51
  from Rumble. And also we've been using a
• 1:03:54
  service called Zapdop Stream. And you know, me and me and
• 1:03:59
  Munan, we had a conversation regarding, you know, uploading
• 1:04:03
  our content directly. And I know that's a feature that
• 1:04:06
  you guys recently added, right? The ability to upload content.
• 1:04:11
  So yeah, man, it's, it's you. You don't truly appreciate it
• 1:04:16
  until you need it, right? And the way that I see Noster
• 1:04:19
  is, it's like the Alamo, bro. It's the Alamo, right?
• 1:04:23
  It's like the, the, the, it's the only place on the Internet
• 1:04:28
  where you will find true free speech.
• 1:04:32
  Very similar to, you know, Bitcoin in the sense that you're
• 1:04:37
  going to have to be OK with your worst enemy using Bitcoin,
• 1:04:40
  right. You're not going to be able to
• 1:04:41
  censor them. You're not going to be able to
• 1:04:42
  de platform them. You're not going to be able to
• 1:04:45
  stop them from speaking. Noster is like that evolution.
• 1:04:50
  But for and this is just one use case.
• 1:04:52
  There's many use cases, but where we are right now in the
• 1:04:55
  Noster story, you know it it's what we're seeing is essentially
• 1:05:02
  these these social media apps built on top of the Noster
• 1:05:06
  protocol, right. And I really asked you guys like
• 1:05:10
  go check it out it go check it out.
• 1:05:12
  It is awesome and you know, the zapping is so cool and you feel
• 1:05:18
  a little bit differently because there's no, it's not really
• 1:05:21
  algorithmic in the sense. So with, with X, it's like
• 1:05:25
  designed to infuriate you or something, right?
• 1:05:29
  You go on Noster and you know, and you'll see this from a lot
• 1:05:32
  of people like myself, like I, I don't care what I post on
• 1:05:35
  Noster, like I'll just wake up. I'll be like, it's a beautiful
• 1:05:37
  sunset or it's a beautiful thing.
• 1:05:38
  I was on the beach yesterday. Just posted a picture of me on
• 1:05:41
  the beach. The, the, the sunrise, the sun,
• 1:05:43
  the sunrise here in Miami. It's beautiful and I just posted
• 1:05:46
  that I would never post that on Twitter, right?
• 1:05:49
  So, you know, it's a totally different experience.
• 1:05:51
  I highly recommend it. And of course, Nostra is this,
• 1:05:55
  you know, open protocol, so anyone could build on top of it.
• 1:05:59
  Primal is one of those applications.
• 1:06:02
  I don't know if that's the correct turn million, but you
• 1:06:05
  know, one of those companies that really, really jumped in
• 1:06:09
  there and they they've built this awesome product.
• 1:06:11
  They say it's so great to use. It's my daily driver, not only
• 1:06:15
  for the nostril protocol, but also for my Lightning wallet.
• 1:06:19
  I love it. It's awesome.
• 1:06:21
  If you want to zapmenico@primal.net.
• 1:06:23
  It's dope. Big fan.
• 1:06:26
  So anyways, I wanted to give a little bit of context, Milian,
• 1:06:29
  because perhaps our our audience is not well versed in this, but
• 1:06:33
  dude, it's an honour to have you on the show.
• 1:06:36
  And like I said, it's a huge fan of what you guys have been
• 1:06:39
  building. Well, thanks very much for that.
• 1:06:42
  Again, thanks for having me on the show.
• 1:06:44
  Yeah, I think everybody watching this show understands the
• 1:06:47
  importance of decentralized money.
• 1:06:50
  We all understand that all the perils of having the money
• 1:06:55
  printer be in control of any human right.
• 1:06:59
  Humans can't really be trusted with a money printer, as Cipher
• 1:07:02
  Dean eloquently put many years ago and then had like a long and
• 1:07:08
  detailed explanation around it in his many books.
• 1:07:13
  And we can think of Noster as apparel to that.
• 1:07:18
  But instead of money we're talking about on our online
• 1:07:22
  presence, our online speech, all the content that we post online
• 1:07:28
  really shouldn't be in control of anyone other than the user
• 1:07:32
  itself. So the legacy platforms like X
• 1:07:37
  Facebook, etcetera, etcetera, Reddit and all, all of the kind
• 1:07:41
  of mainstream social media apps and other apps essentially are
• 1:07:47
  walled gardens fully in controlled by the company or in
• 1:07:52
  some cases by one person, right? And as as you know, the, the,
• 1:07:57
  the virtues of the person or the company that controls this could
• 1:08:02
  be, you know, judged differently by different people.
• 1:08:05
  You may might like Elon, you might not like him.
• 1:08:08
  The fact is that this capability of having a global town square,
• 1:08:13
  which is what humanity needs, shouldn't be controlled by
• 1:08:18
  anyone and shouldn't be controllable by anyone.
• 1:08:22
  Something like this should be governed by decentralized
• 1:08:25
  protocol that is open that everyone has the same sort of
• 1:08:31
  rights on both in terms of participation as a user as well
• 1:08:37
  as the ability to develop and kind of stand up products and
• 1:08:41
  services on top of the open protocol without seeking
• 1:08:44
  permission. So these types of concepts are
• 1:08:47
  very familiar to to Bitcoiners. We're essentially applying those
• 1:08:52
  same types of concepts to the wider Internet.
• 1:08:55
  So Bitcoin is enabling us to decentralize money and Noster in
• 1:09:02
  my view is are by far the best protocol for enabling us to
• 1:09:08
  decentralize everything else. And so I don't know if you if
• 1:09:13
  you have specific questions or if you want me to kind of dive
• 1:09:16
  into any of the aspects of Noster.
• 1:09:18
  Yeah, yeah, don't want to ramble on for.
• 1:09:20
  Yeah. No, no, no.
• 1:09:21
  That was. That was, that was.
• 1:09:22
  I actually, I do have a question and then we can, you know, let
• 1:09:25
  the conversation go where, where, where it goes.
• 1:09:27
  But before the show started, I asked you, you know, what do you
• 1:09:30
  want to talk about? Like obviously we're going to
• 1:09:32
  talk about why you built Primal and you literally just said
• 1:09:35
  like, it's not about Primal. I really want to spread the
• 1:09:38
  awareness of Noster. So on that mission I want to ask
• 1:09:43
  you the question, why will Noster win?
• 1:09:47
  I think openness of the network is what's ultimately going to
• 1:09:53
  enable Noster to win. And I'll kind of to clarify
• 1:09:57
  that. So Noster has all of these kind
• 1:10:00
  of self sovereign properties, you know, censorship resistance.
• 1:10:04
  Each user holds the keys to their speech.
• 1:10:07
  So on Noster, you have your key pair just like you do on
• 1:10:10
  Bitcoin. You have your public key or
• 1:10:12
  private key. And then every user is fully in
• 1:10:15
  control over their identity over all of the content that they
• 1:10:19
  publish. So self sovereignty and
• 1:10:22
  censorship resistance are kind of baked into the protocol at
• 1:10:25
  the kind of fundamental level. But the reality is that most
• 1:10:29
  people don't really care about that.
• 1:10:31
  You know, where we Bitcoiners are in a in a minority
• 1:10:35
  currently. And what really most what's
• 1:10:39
  going to bring the majority of the people out there to Noster I
• 1:10:42
  think is high quality applications and high quality
• 1:10:45
  content. And the reason why I'm convinced
• 1:10:49
  that this is going to happen on Auster is again, the openness of
• 1:10:52
  the network where anyone is able to join, anyone's able to build
• 1:10:59
  a product on it. And every new builder that
• 1:11:02
  creates a new product type, let's say we recently added a
• 1:11:07
  support for long form content on Auster.
• 1:11:09
  So this is like a sub stack slash medium competitor.
• 1:11:15
  All of the content that's being put, all of the long form
• 1:11:18
  content that's being published to naster is open for anyone to
• 1:11:22
  access and build user experiences around.
• 1:11:26
  So let's say if you currently in Primal, you have access to kind
• 1:11:30
  of social media, kind of microblogging feeds very similar
• 1:11:33
  to Twitter, but you also there's a different tab that says reads
• 1:11:37
  and you have the feed of long form content.
• 1:11:40
  And then as you interact with this content, you might
• 1:11:42
  highlight a piece of text and then post that in your social
• 1:11:46
  media feed. All of these events, like the
• 1:11:50
  highlights itself are publicly accessible events that you kind
• 1:11:55
  of that get published to the public Noster Relay network and
• 1:12:00
  they're accessible for anyone, any developer to build any sort
• 1:12:04
  of user experience around. So currently there are hundreds
• 1:12:08
  and hundreds of projects that are just standing up for
• 1:12:13
  products and services and building on this open network.
• 1:12:16
  And essentially it's up to each developer individually to decide
• 1:12:20
  what kind of experience they're going to create and on this
• 1:12:24
  network, how to put these artefacts together in a, in a
• 1:12:27
  new way, perhaps. And as new types of apps get
• 1:12:33
  developed, more content types get added to the network,
• 1:12:38
  further increasing the, the, the kind of versatility of the
• 1:12:43
  clients and kind of the abundance of content, bringing
• 1:12:47
  in more users. And then every, every app
• 1:12:51
  developer, every product developer will do their own
• 1:12:54
  promotion to promote their product, again, bringing more
• 1:12:57
  users to not just their product, but the entire Noster network.
• 1:13:01
  And when these kind of network effects play out over time, it's
• 1:13:05
  inevitable that the amount of gravity that Noster is going to
• 1:13:09
  be able to create will eventually attract everyone.
• 1:13:13
  So I've no doubt that in the long run everything moves to
• 1:13:17
  Noster. And it might sound a little bit
• 1:13:20
  crazy maybe at this time the size of this network.
• 1:13:23
  But I think similarly to Bitcoin in 2011 and 2012, we were
• 1:13:29
  discussing earlier in the show when some of the Bitcoin
• 1:13:33
  thinkers like Tour de Mr. were like talking about the Bitcoin
• 1:13:36
  game theory and that eventually it will bring in everyone
• 1:13:40
  including nation states. That statement was laughable at
• 1:13:44
  the time for sure. Almost everyone laughed at this,
• 1:13:47
  but look at where we are now. I think a similar type of thing
• 1:13:51
  is happening on Auster and it's going to continue to unfold on
• 1:13:55
  Auster and I think we all have a great opportunity to participate
• 1:14:00
  in something really special at such an early age, early stage.
• 1:14:05
  Yeah, absolutely. And I, and I, and I definitely
• 1:14:07
  see that, you know, and it's, it's extremely exciting and I
• 1:14:12
  want like everyone to kind of understand like it, it, it, it's
• 1:14:16
  an open protocol, right? So you can build any type of
• 1:14:24
  custom like, you know, like there is no limit, right?
• 1:14:29
  And you know, you're tapping into the same, you know,
• 1:14:32
  community, right? So, you know, there's so many
• 1:14:35
  like Bitcoin entrepreneurs that are approaching this
• 1:14:39
  differently. And but the, the, I don't think
• 1:14:43
  we've even seen the potential of what these apps are going to do.
• 1:14:48
  And because it's an open protocol, what they're going to
• 1:14:52
  be able to do much more than the current kind of centralized
• 1:14:56
  platforms that we have today, which again, like million to to
• 1:15:01
  kind of echo what you're saying, like it's so hard to envision
• 1:15:04
  that because this is like, you know, Bitcoin 220 eleven, it's
• 1:15:08
  like Noster 2024. But I think in 10 years it's
• 1:15:12
  going to be like, oh, like, no crap, like, no, that was
• 1:15:16
  obvious, right? So, and I, and I think there's
• 1:15:18
  so much, so much fertile ground for entrepreneurs and for users
• 1:15:22
  too. And I'm just kind of going down
• 1:15:24
  this rabbit hole. And for me again, like it's, I'm
• 1:15:27
  a media person. So I'm like, how do I upload
• 1:15:29
  videos? And I think me and you had a
• 1:15:30
  conversation while the, the, the, the channel was, was, was
• 1:15:34
  banned. And you know, we were just
• 1:15:36
  talking about it, right. And that, you know, is a perfect
• 1:15:39
  kind of segue to the recent update that you guys had, which
• 1:15:44
  is primal 2 point O And I believe it added a lot of
• 1:15:48
  possibilities up to you if you could pull up the screen.
• 1:15:51
  It added a lot of functionality better said.
• 1:15:54
  And I, I, I was taking a look at it and you guys have the, the
• 1:16:00
  capability of uploading video content now is, is that correct?
• 1:16:07
  Yes, that capabilities has been there for a little while.
• 1:16:10
  It's not new to to to the two point O release.
• 1:16:14
  If you want to bring something up, I think on our download page
• 1:16:17
  we have like a nice kind of video overview of what the
• 1:16:20
  product does like in maybe 60 seconds or so.
• 1:16:22
  So maybe that will help the the audience get a get a taste for
• 1:16:26
  what we're talking about. But the two point O release
• 1:16:30
  added. So if you go to the download
• 1:16:33
  page on the left there you should be able to.
• 1:16:37
  On the left opti. Oh, sorry, I thought.
• 1:16:39
  I thought you pulled it up. All right, here we go.
• 1:16:42
  Yeah. And if you full screen that OK
• 1:16:46
  one second. Right there.
• 1:16:48
  Boom boom. It's down.
• 1:17:50
  Super, super cool, man. That that is that's awesome.
• 1:17:56
  You guys did a great job on the video as well.
• 1:17:59
  Happy music. Yeah, man, that's that's really,
• 1:18:02
  really cool. And I'd like one of the things
• 1:18:04
  too that I love me on is the, the, the ZAP, because zaps are
• 1:18:12
  better than likes, all right? They just feel better.
• 1:18:15
  Get that little haptic feedback and you're getting money.
• 1:18:19
  And I'm telling you like my, I think like my basic ZAP right
• 1:18:23
  now is like 69 sats because I think it's funny, but I know
• 1:18:26
  like 10 years from now I'll be like, dude, I was sending $70.00
• 1:18:29
  to people. What the F was I thinking?
• 1:18:32
  And then you have like some of like the kind of nostril
• 1:18:35
  heavyweights that have massive followings.
• 1:18:38
  You know, they're sending thousands of sats left and
• 1:18:41
  right. You know, you're going to look
• 1:18:43
  back on that, you know, 10 years from now.
• 1:18:45
  Very similar to how we were looking back at the pizza story,
• 1:18:49
  you know, from 20/11/2010. So Opti's like I'm not sending
• 1:18:54
  zaps. I'm I'm saying nay on how you
• 1:18:59
  say pizza, but you know, keep it going.
• 1:19:01
  Oh, OK, OK, making fun of my Miami accent.
• 1:19:04
  That's fine. But but yeah, no, it's it's it's
• 1:19:09
  it's it's interesting. Anyways, Milian, do you have
• 1:19:12
  any, anything else to add about Primal 2 point O about Noster?
• 1:19:18
  There's currently 2000 people watching live right now.
• 1:19:21
  The floor is yours. Appreciate it.
• 1:19:24
  Yeah, the zaps that you mentioned, I think there's a
• 1:19:26
  meme on Noster started by Gigi a little while ago.
• 1:19:30
  He said like, let's ZAP so hard that all our grandkids will
• 1:19:33
  think we're retarded. We know what we're doing, we're
• 1:19:38
  doing it anyway. But yeah, just to back up, so
• 1:19:42
  Primal, you can think of Primal as Twitter Substec and Venmo
• 1:19:47
  built into one application and but built on open protocols,
• 1:19:51
  built on Noster and and, and Bitcoin of course.
• 1:19:54
  And yeah, everybody should try it out to primal.net.
• 1:19:58
  You can get the the apps or use the web app.
• 1:20:03
  These apps are very, very interesting.
• 1:20:05
  That's that's quite an interesting invention.
• 1:20:07
  And, and I think it's unique to Noster in this particular kind
• 1:20:11
  of flavour that we have where, you know, instead of.
• 1:20:17
  Like you said, likes are cheap. Anybody can press the like
• 1:20:20
  button, but you're sending some value to not only award reward
• 1:20:25
  the content creator, but also to send some signal to the network
• 1:20:29
  regarding what you think of this particular content.
• 1:20:32
  And that can be used as a content discovery mechanism to,
• 1:20:38
  you know, surface higher signal content to those users out
• 1:20:42
  there. So we're always scratching the
• 1:20:45
  surface of what can be done with this protocol.
• 1:20:47
  We're currently still at the stage of implementing the most
• 1:20:50
  obvious things like obviously we need like global town square, we
• 1:20:55
  need, you know, a space for long form content and video content
• 1:21:00
  and all of that. So that's currently being built
• 1:21:02
  out. But I think we're currently at
• 1:21:05
  the stage, you know, you, you talked about the, our
• 1:21:08
  conversation a little while ago where you know, you're, you were
• 1:21:11
  having trouble uploading video content.
• 1:21:13
  Like not long ago, Noster was unusable.
• 1:21:17
  Now it's quite usable. I would say in in many cases, we
• 1:21:21
  are have reached or in some cases even surpassed the user
• 1:21:25
  experience of the legacy platforms.
• 1:21:28
  For example, a feed marketplace would be something that's unique
• 1:21:32
  to Noster. Since this is an open network,
• 1:21:36
  anyone can create and publish a feed.
• 1:21:39
  And we've noticed this kind of organically emerging on the
• 1:21:42
  network. And then we at Primal decided to
• 1:21:46
  lean into it. And in the two point O release,
• 1:21:48
  we've built this feed marketplace user interface into
• 1:21:52
  the client itself where you can browse different feeds.
• 1:21:56
  You can preload them, preview them and then add them to your
• 1:22:00
  home screen if you wish and kind of reorganize the order of feeds
• 1:22:03
  and kind of swipe left and right between them.
• 1:22:07
  And then you can set any one of those feeds to be your main
• 1:22:10
  feed. And as you open Primal, you
• 1:22:13
  could be loading content that's not served by Primal at all,
• 1:22:18
  served by by someone else. And then all of the feeds that
• 1:22:21
  we create, we also published to the feed marketplace for other
• 1:22:25
  non star apps to be able to consume.
• 1:22:27
  So we have users of Primal content that are not using
• 1:22:32
  Primal apps at all. So when you play this up this,
• 1:22:36
  you can kind of see like this is early days, you know?
• 1:22:39
  But this is vastly superior to the closed platforms that we're
• 1:22:44
  competing with. So I hope the people will check
• 1:22:46
  the stuff out and join us on Oster.
• 1:22:48
  Absolutely, guys. Go to go check it out again.
• 1:22:51
  There's there's different apps, there's different whatever it's
• 1:22:55
  it's kind of like different Bitcoin wallets.
• 1:22:57
  It's very similar, right? You know, I'm like people like
• 1:23:00
  Sparrow. I'm an Electrum junkie.
• 1:23:02
  Maybe it's just because of when I got into Bitcoin.
• 1:23:04
  I love Electrum, right. So it's like whatever is your
• 1:23:07
  flavor of ice cream, whatever you'd like.
• 1:23:09
  I love Primal personally, that's my my daily driver.
• 1:23:12
  I love the Lightning wallet that's integrated in it too.
• 1:23:15
  But there's also also awesome other apps that you know that
• 1:23:19
  are built on top of Noster too, right?
• 1:23:21
  So go check it out, highly recommend it.
• 1:23:23
  What's happening on Noster is incredible and I'm super, super
• 1:23:26
  excited about the future. Anyways, guys, that was our show
• 1:23:29
  for December 17th, 2024. I'm your host Nico.
• 1:23:32
  It's my legendary Co host Optimus Fields and our special
• 1:23:36
  guest today, founder and CEO of primal.net Milion.
• 1:23:39
  Go check it out. Go check out Primal 2 point O
• 1:23:42
  and guys, we will see you guys tomorrow.
• 1:23:45
  Take care, everybody. Today's episode was brought to
• 1:23:48
  you by bitcoinwell.com, a Bitcoin only platform on a
• 1:23:51
  mission to enable financial independence.