Latest / Simply Bitcoin / El Salvador's Volcano Bond Approved for Q1 2024 | EP 886

Transcript

El Salvador's Volcano Bond Approved for Q1 2024 | EP 886 · Simply Bitcoin

0:21
It's. All going to zero against
0:23
Bitcoin. It's going up forever.
0:33
You're against Bitcoin. You're against freedom.
0:38
Yo, good morning. We are back.
0:40
It's another episode of Simply Bitcoin.
0:43
Of course I am hosting this. Nico is still on his honeymoon
0:46
or he's handling some stuff, whatever.
0:47
He'll be back tomorrow covering some big news.
0:50
But man, on today's simply Bitcoin, we're going to be
0:53
talking about El Salvador again. Naive Buchelles.
0:56
El Salvador just stays winning. You know, there's been a lot of
0:58
talk on Twitter that El Salvador, you know, are are they
1:02
doing what we all think they're doing?
1:04
Or there's been talk that the Volcano bonds would never even
1:06
happen. And even to the point that naive
1:09
Bukele trolled everyone on Twitter when the news hit
1:12
yesterday that the bike Volcano Bond had gotten regulatory
1:15
approval from their Digital Assets Commission saying when
1:18
Volcano Bond Well, now we have a day.
1:21
Well, rather a rough day. We know that it's probably going
1:24
to get fully approved and deployed Q1 of 2024, which
1:29
really makes me wonder just how bullish 2024 is going to be.
1:33
We're seeing a perfect storm. We're seeing so many moving
1:36
parts happening and lining up at roughly around the same time.
1:39
We've been talking about Bitcoin ETF constantly.
1:41
It seems like Q1 is when that gets dropped.
1:43
We're seeing naive Bukele roll out the Volcano bonds Q1 of
1:47
2024. Guys, if you're not bullish for
1:50
2024 and 2025, I have no idea what you are seeing or what you
1:55
are thinking because it's looking like a perfect storm and
1:59
it's going to be a great, great time.
2:01
And also yesterday El Salvador also announced its Freedom Visa
2:05
trying to attract more high net worth individuals to El
2:08
Salvador. So crazy times, amazing times.
2:11
We'll cover all of this. So welcome to simply Bitcoin
2:14
guys. We are your number one source
2:15
for the peaceful Bitcoin revolution.
2:16
We cover breaking news, culture and mimetic warfare.
2:19
We bring on bitcoiners from all around the world, from the
2:22
biggest names to the everyday bitcoiner.
2:25
We will be your guide through the separation of money and
2:28
stay. And I really think you're going
2:30
to enjoy today's show. We have a special guest.
2:33
I think this is going to be an epic, epic conversation.
2:35
I might have to roll them back a little bit so we don't nuke our
2:38
YouTube channel, but the one and only Alex Setsky.
2:42
How you doing this morning? Good to have you bro.
2:44
I'm really excited to talk about this article, so maybe let the
2:47
people know what the article title is and how you been.
2:51
What's up brother? Good to see you again.
2:53
As usual, the article is called Uber Money and it's it's a I'll
3:01
say it's like a homage to Nietzsche.
3:03
I've been on a Nietzsche rabbit hole recently and I felt like
3:08
I've, I've been for a while wanting to do a piece with that
3:12
kind of looks at Nietzsche's philosophy of excellence,
3:15
basically, and see how that applies to Bitcoin.
3:18
And in particular, it reminded me of the remnant piece that I
3:22
did a couple years ago, which obviously did the rounds back in
3:25
the day, and I wanted to write something with similar energy.
3:28
So that's the premise of this of this piece.
3:32
It's a Nietzschean look at Bitcoin and what I believe
3:37
Bitcoin will really represent in the world, which is not helping
3:40
the little guy or the average guy, but helping the best.
3:43
Oof. Already getting spicy?
3:45
Well, I love it. I love this conversation.
3:47
And of course, I'm not alone. We brought back our boy Chris
3:51
Alamo. Actually, let me let me get my
3:52
notes. How did?
3:53
How do I introduce you? Bitcoiner friend.
3:57
Lover of all beasts, small and big.
3:59
Chris Alamo. How are you doing this morning?
4:01
Glad to be back. Happy to be here, Alfie.
4:04
Let's go bro. Well, you know Nico's got you
4:07
working for us now, so while he's away we hold down the Fort.
4:11
Anyways, let's get into the show because this is going to get, I
4:15
think we're going to go long. Well guys, probably no mean
4:17
review because I want to give Svetsky a a big, big platform to
4:21
get into this conversation and it's hard to get through
4:23
everything in 15 minutes. So we're going to, we're going
4:26
to cover a lot today guys. Let's get into it.
4:30
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numbers, boys. We are in Clark Moody's
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dashboard, of course. bitcoin.clarkmoody.com Let's get
5:48
into the numbers. Of course we are at block height
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The blocks to having is currently 19,113 blocks to
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having and it seems like we are going to potentially hit the
7:01
mean date of April 20th, 2024 for the halving.
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All right guys, now we've been constantly talking about this
7:11
idea here and I wanted to play this video because it angles
7:15
perfectly into the El Salvador Volcano Bond news.
7:19
But one thing first and foremost is just the idea that Bitcoin
7:23
messaging is starting to go everywhere.
7:25
And you can see here we have a clip of Crusoe energy and it's
7:28
on 60 minutes. Like 60 minutes is doing an
7:31
interview about crystal energy using Bitcoin mining to help
7:34
reduce harmful emissions in Wyoming.
7:37
Though there is some very interesting framing in this and
7:40
and I want you guys to recognize it is they hardly ever really
7:44
use the idea or the words the framing of Bitcoin mining.
7:48
They they, they frame it as data centers and it's just, it's
7:53
hilarious, I think and ironic that when you say data centers
7:57
instead of Bitcoin mining it, it doesn't have the same dirty
8:01
connotation that we've constantly been battling all
8:03
year. We know all the FUD coming out
8:05
about Bitcoin mining, and now we're seeing that 60 minutes,
8:09
one of the biggest corporate press sites in the world, media
8:14
conglomerates in the world, They're talking about Bitcoin
8:16
mining, about it helping the environment and all that good
8:19
stuff that we constantly rebuttal, all the fun that we
8:22
constantly destroy. And every time they do this,
8:26
when they say data centers, it's like, Oh yeah, this that sounds
8:29
very normal. This is very good.
8:31
And they even talk about it in AI and like, no one bats an eye.
8:34
But when you talk about Bitcoin mining, you know, we're out here
8:37
boiling the oceans and we're destroying the world.
8:39
But you say data centers, and they're just like, yeah,
8:41
whatever, this is fine. All right.
8:42
Anyways, let's watch this video guys and and let's check out
8:44
this framing. One thing I can share is that
8:46
it's a state that's very welcoming to innovators in the
8:48
energy space. Coley Kavnis is Co founder of a
8:51
company called Crusoe Energy Systems.
8:53
About five years ago, it decided to tackle the problem of flaring
8:57
when gas produced at oil wells is simply burned into the
9:00
atmosphere. If you could capture it, all the
9:02
power, about 2/3 of Europe's electricity, it's a very large
9:04
amount of waste. And which is burning it off
9:06
we're. Burning it off because there's
9:07
no pipeline there. Kavanis and his colleagues came
9:09
up with the unconventional idea of putting a small electricity
9:13
generating power plant right where that gas was being flared
9:16
and wasted. What we do is we tap into that
9:18
gas line, we bring the gas over to a power generation system and
9:21
then that generates electricity and we take that electricity
9:24
directly into our on site data center to power hundreds or
9:26
thousands of computers. And then we network the
9:28
computers to the outside world with fiber or satellite Internet
9:31
to get it outside. So you take a data center and
9:34
just basically put it on top of the wall head.
9:37
Exactly. It's a it's a modern data center
9:38
in every way when you're standing inside of it and then
9:40
you step out the door and you're in an oil field.
9:43
Crusoe Energy first use those electricity gobbling data
9:46
centers to mine Bitcoin. Now most of that computer power
9:50
is being used by artificial intelligence companies.
9:53
The 1st place to let them try this in 2018 was Wyoming.
9:57
That's not necessarily an idea that everyone's going to embrace
9:59
automatically right off the bat before it's been done, Before
10:01
Wyoming was, they invited us to come do it for the first time.
10:03
Here, we did it at a small scale.
10:05
We proved that it could work and that helped us attract the
10:07
funding and the other projects that have helped us get to where
10:10
we are today. How many of these centers do you
10:12
have up and running currently? We're approaching 200.
10:15
By the end of the year, we'll have about 200 of our modular
10:17
data centers employed throughout the United States and now
10:19
internationally. So how do you assess your
10:22
environmental impact? So today we're operating at a
10:25
scale of more than 20 million cubic feet of gas per day that
10:27
would have otherwise been flared and wasted or preventing that
10:29
flaring. It's on the order of several
10:30
100,000 cars per year being taken off the road in terms of
10:33
the avoided emissions impact. Are you trying to send out a
10:37
message to the rest of the country, leaving the rest of the
10:40
world? If you have a renewable or a
10:43
climate friendly idea, bring it here.
10:46
Bring it to Wyoming. Love to we.
10:48
We want to be part of the solution.
10:50
There are some really remarkable things that if we stop talking
10:55
about what we shouldn't do and start talking about what we can
10:58
do and how we can embrace that future.
11:01
And that's what we're dedicated to here in Wyoming.
11:04
Absolutely incredible. And and guys like everyone in
11:06
the chat saying, you know, first they just say data centers
11:10
instead of Bitcoin mining, they're saying computer power
11:14
instead of electrical power. And it's just so funny how once
11:17
it gets on 60 minutes, you you, you tweak a few words and it's
11:20
like, oh, this is this is fine. What are they talking about?
11:23
And even guys and I saw everyone on Twitter say like, oh wait,
11:28
are they saying that they're no longer mining Bitcoin and they
11:30
just gone full AI And it's like, I don't think that's what
11:33
they're saying. They're just saying like AI
11:34
seems a lot more palatable right now to the average person.
11:37
They're like, oh, the world needs AI versus US.
11:40
Bitcoiners are like, yeah, we're boiling the ocean, Who needs
11:42
this digital criminal? Money laundering, whatever the
11:46
hell they call Bitcoin now? But as my boy Mike Hobart been
11:50
saying for a long time, and we brought him on the show and you
11:54
know, he's constantly beating this drum and he goes here on
11:58
tweet, Like I've been saying, Bitcoin mining will have a far
12:00
faster and greater breadth of reach and societal impact than
12:03
the monetary aspects will. And most of society won't even
12:06
even realize it for years and decades.
12:09
And we're seeing that even the corporate press is rolling this
12:11
out and they're like, wait, we can actually help the
12:13
environment as long as you don't use this Bitcoin mining phrase
12:16
like it seems like we're actually helping the world.
12:19
But I'd like to get Svetsky's take first, because I'm sure
12:23
it's it'll be a little more contrarian than mine or Chris's.
12:26
Before we jump into this, Svetsky, what's your thoughts on
12:28
this? Of course, you've been in the
12:30
game for a long time. Of course, we've countered this
12:32
flood for years at this point, and I just find it interesting
12:35
that we're finally hitting mainstream in a big way and
12:39
they're saying what we're saying, just they tweaked it a
12:41
little bit so it sounds a little nicer.
12:43
What's your thoughts on this? Yeah, I mean, I don't think I've
12:47
got a contrarian viewpoint here. I think they, they know.
12:54
I mean, mining is just profitable.
12:56
That's it. And you know, the AI stuff, it's
12:59
profitable for now. Like I will tell you, being
13:02
someone that's actually building an AI company, I'll tell you
13:05
99.9% of the AI stuff is fucking fluff.
13:09
It's bullshit. It's I'm sorry if I'm swearing
13:12
already, but like, it's it's just overhyped.
13:14
We're going to have another AI winter, mark my words, in the
13:17
next year or two as people start to realize that most of the
13:21
stuff AI is actually useless for.
13:23
There will be another massive winter and guess what is going
13:27
to suck up all of that extra capacity?
13:30
Bitcoin. So this is, you know, Bitcoin's
13:33
got a far more important role to play with respect to energy
13:38
usage. You know, sound money is way
13:41
more important than any and all of the AI put together.
13:45
It doesn't even, it's not even in the same Galaxy of
13:48
importance. And, you know, if, I mean it'll,
13:53
it'll just be poetic to watch the nerds kind of make, you
14:00
know, make data centers more palatable.
14:03
And in the process, I mean, that's actually like the article
14:06
that we're going to talk about today is part of the Energy
14:08
Edition for the Bitcoin Times. And literally the Bitcoin Times
14:12
Energy Edition is dedicated to a discussion around these topics.
14:16
And there's a piece in there, specifically one from Marty
14:20
Bent, one from Gideon Powell about human ingenuity.
14:24
And the other one, and most specifically is by Andrew Myers,
14:28
who runs a company called Satoshi Energy, which is similar
14:31
in some sense to Sonoda. They're they're helping energy
14:34
companies price their energy in Sats and be paid out in real
14:37
time. He's doing some incredible
14:39
stuff, and not only in America, but around the world.
14:41
And that narrative is starting to change because at the end of
14:45
the day, like energy has a cost. And you know, Bitcoin provides
14:51
the best way to monetize that cost.
14:53
And that is specifically going to have a way better or way
14:57
bigger and more profound impact on energy markets than any AI
15:01
ever will. But let's just use AI to our
15:03
advantage in the meantime. Love it, love it.
15:06
And and Alex, right, right. As you're talking, I I just
15:09
realized that the whole theme of today's show is energy because
15:12
your article goes so deep into energy, energy, money.
15:16
We're talking about energy in El Salvador, volcano bonds.
15:18
We're talking about crystal energy.
15:20
And and before I go on, by AI winter do you mean like like a
15:24
bear market in AI like you know less, less less buzz worthy Is
15:28
that what you're talking about? A. 100% like AI goes through
15:32
winter every decade, right? Like, there's this hype that I
15:35
it's going to transform everything, blah blah blah.
15:37
This hype stem from the development of what's called
15:40
Transformer models, which have enabled us to produce coherent
15:44
syntactic language in a in a computer.
15:49
But the the thinking was that this is going to transform
15:52
everything that it touches and the reality is far more narrow
15:57
than that. This is going to impact a couple
15:59
small verticals and the out of the 100 ideas that people have
16:05
that AI can do with small models, probably one or two of
16:09
the 100 international are going to prove to be fruitful.
16:14
Which means we're going to go through a period where AI is
16:18
going to be boring again. All the money, all the shit
16:21
that's being invested, no one's going to give a fuck and we're
16:23
going to go to something else. Interesting into what's what's
16:26
your thoughts And again then I'll go over to Chris, what's
16:29
your thoughts on like the AI that we see publicly is less
16:34
advanced than what might be privately, you know behind the
16:38
scenes and what some governments have or or do you think it's
16:41
just not as far as advanced or as far dangerous as people
16:44
think? That I fundamentally believe.
16:47
But also what? What?
16:48
What do we mean by AI? Do we mean just like algos tools
16:52
like probably you know that there's nothing new about that
16:57
like the fact that the the tools and the tech, the governments
17:01
and everything like that use behind the scenes are generally,
17:06
I mean in some some cases more powerful but in many cases also
17:10
do like if you want to see really shit software go look at
17:16
what governments are using. So it's it's it's a mix, man.
17:20
Love it. Love it.
17:21
All right, Chris, let's let's go back a little bit.
17:24
What's your thoughts on all the energy debates and and further
17:27
just seeing the Bitcoin signal spread to 60 minutes?
17:33
Yeah, I mean, they were very crafted that they never
17:35
mentioned Bitcoin at all. During that they kept saying
17:38
data centers or mobile data centers and all that.
17:41
I kind of want to tack on to one one thing that Svetzky was
17:43
saying. I think all of these, like VC
17:45
buzzwords just go in cycles. It used to be virtual reality,
17:49
then alternate reality, then ICO, then blockchain, not
17:52
Bitcoin. Now it's AI.
17:54
You know, even a couple years ago is big data.
17:56
You know, they just go in these cycles of them just trying to
17:59
rinse and repeat and launder money, you know, good for them.
18:02
But in the opportunity of them getting distracted with the next
18:05
new shiny thing in Silicon Valley, you have opportunity to
18:08
cheap stack cheap SAT's right now bitcoins at what, 41 K U.S.
18:12
dollars per Bitcoin? We haven't hit our all time
18:15
high. You know, we were at the lows of
18:17
15-5 or whatever it is. There's all this opportunity
18:20
while all these other idiots are running around trying to like
18:22
fleece noobs or trying to basically just fleece their
18:25
investments on other people. So this is opportunity.
18:29
It's time to look at hard money stack sacks, improve your setup,
18:33
and yeah, I think bitcoin's going to be the winner in the.
18:35
Long. Term Yeah 100% can agree more.
18:38
It's man it's so it's so easy winning in Bitcoin.
18:42
All you got to do is saving it and and don't get distracted.
18:45
Anyways guys before we get into the news for today make sure you
18:49
hang out with us in Nashville 2024, July 25th to the 27th.
18:54
We are taking over Nashville. I'm super excited to go down
18:57
there. My boy Nick can't.
18:58
Mine keeps telling me that I need to get down to Nashville.
19:01
Well, I'm finally going to do it next year in July.
19:05
Anyways, guys, let's jump in. Actually, you can use a promo
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Simply. Anyways, let's get into the
19:20
news, guys. The Daily News.
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more. All right guys, I still have a
20:24
bone to pick from with Nico about that ad.
20:27
We need to fix it. Don't think about taking your
20:29
Bitcoin off exchanges, Do it today and scan the QR code so
20:33
you can get to the website. Nico's been been off the grid
20:36
for a minute, so we we haven't been able to update that ad.
20:40
All right. Anyways, anyways, enough
20:41
trolling of Nico while he's away.
20:43
So we saw yesterday some pretty big news come out of El
20:48
Salvador. We covered the Volcano Bond in
20:52
the past, so I'm not going to go fully into the the nitty gritty
20:56
behind the Bond, but I want to talk about the fact that we
21:00
finally may have a date for when it happened.
21:04
And there's been a lot of talk on Twitter about like, oh, it's
21:06
never going to happen. This is all just kind of like
21:09
clickbait. This is all like, you know, just
21:11
marketing for El Salvador. Well, we finally have a date and
21:15
here we got Bitcoin Office SV, which is the national Bitcoin
21:19
Office O MB, TC of El Salvador under President Naive Bukele's
21:22
official Twitter and it goes breaking news.
21:24
The Volcano Bond has just received regulatory approval
21:27
from the Digital Assets Commission, the CNAD and we
21:30
anticipate the bond will be issued during the first quarter
21:33
of 2024. This is just the beginning for
21:35
new capital markets on Bitcoin in El Salvador.
21:38
And then again even Naive Bukele has been seeing the trolling and
21:41
he tweeted what 20 minutes after this announcement on Twitter.
21:44
Wind Volcano Bond and I think you know, even even naive has
21:49
seen that hey people on Twitter, you know they like to take the
21:52
contrary intakes they like to troll and even he trolled back.
21:56
So you just love to see it. Anyways, we're over here.
21:58
I have it from Yahoo Finance. They did a little little write
22:01
up about it. So El Salvador's Bitcoin Volcano
22:03
bonds approved set to launch in early 2024.
22:07
El Salvador's highly anticipated Bitcoin bonds also known as
22:10
Volcano Bonds have received regulatory approval and are
22:13
scheduled to launch in the first quarter of 2024.
22:16
The approval for the Volcano Bond was granted by El
22:18
Salvador's Digital Assets Commission on December 11th.
22:22
El Salvador made history earlier this year when it passed
22:25
legislation establishing the legal framework for the Bitcoin
22:28
back bond on January 11th. So hey, it took all year but
22:31
finally we know when there is some light at the end of the
22:34
tunnel. The Volcano Bond aims to address
22:37
sovereign debt obligations and finance and development of El
22:39
Salvador's proposed Bitcoin City.
22:42
According to O MB TC, the bond will be issued on Bit Fenix,
22:45
which is you know you guys already know Bit Fenix.
22:48
El Salvador, known Ford's Bitcoin friendly stance, has
22:50
been actively pursuing initiatives to leverage the
22:53
benefits of Bitcoin. In addition to the volcano Bond,
22:55
the country recently launched a $1 billion Bitcoin mining
22:58
project. And that's not all.
23:00
But before I get into that, you know, Stacy Herbert did a tweet,
23:02
she said. With the regulatory regime for
23:04
digital assets now fully established in El Salvador, the
23:07
Volcano Bond has just received approval and it's expected in
23:11
the first quarter of 2024. But that's not the only news
23:14
that dropped yesterday. We got this article from our boy
23:17
Javier Bastardo on on Twitter or AKA Crypto Bastardo and he
23:22
dropped this article on Forbes. So not only did we see the
23:25
Volcano Bonds get approved yesterday and we have a a end in
23:29
date I guess El Salvador also unveiled its freedom visa to
23:34
attract high net worth to hopefully channel $1 billion to
23:37
continue with transformation. So let's get into this article
23:40
real quick and we can check this out and I'd I'd actually like to
23:43
get some, you know my my guest takes on this one because it's I
23:47
think it's kind of interesting but also as an average bit
23:49
corner you're like I don't know if I really want to buy this one
23:52
but it's it's definitely angled towards high net worth
23:55
individual. So what am I talking about?
23:57
El Salvador invites Bitcoin millionaires to rebuild the
24:00
country. El Salvador unveiled its Freedom
24:02
Visa program aiming to receive $1 million through donations,
24:05
targeting 1000 high net worth individuals who allocate $1
24:09
million in the country to receive the program's benefits.
24:12
This initiative is part of Bitcoin strategy the government
24:15
of Naive Bukele has been following since declaring
24:17
Bitcoin legal tender in 2021. The Freedom Visa was announced
24:21
on December 7th and will put only 1000 applications yearly.
24:25
The program offers a path to obtain main Salvadorian
24:28
citizenship, citizenship and a passport for the donor and
24:31
family members. The participant should make a
24:33
non refundable $1000 payment to start the process if they
24:37
approve all the requirements and then they have to complete the
24:40
edition of $1 million to complete the paperwork,
24:43
experience and security in a Bitcoin lifestyle by adopting El
24:46
Salvador as your home. El Salvador has been reborn as
24:49
the land of economic liberty, but this is just the beginning.
24:52
Come help us build the future you want to see.
24:54
And then of course, you know, we've been talking about this
24:57
all year. It does seem like El Salvador is
25:00
becoming Bitcoin country. We talk about it all the time
25:03
here on the show that you know as bitcoiners, if you're treated
25:06
bad by your country, then there will be other countries that
25:09
will want you to come to their country to invest in them, to
25:13
pay, you know, your your, your everyday taxes so that you can
25:17
continue to help the country improve.
25:20
Though as you see, even Javier acknowledges that there are
25:23
critics. This Freedom visa seems to be
25:25
pretty expensive. There are some cheaper
25:27
alternatives, but I think this is one of those things where
25:30
like if you love what El Salvador is doing, then maybe
25:34
you would like to, as they say you know, donate to El Salvador
25:37
and I'm guessing be giving the red light, the the red carpet
25:43
treatment in El Salvador. But again, as you see here in
25:45
this article there there are some cheaper ways and shouts out
25:48
to to Katie the Russian for Plan B I'm sure she might be a little
25:53
contentious all this. I'm sure there's some cheaper
25:55
alternatives to this, but it just goes to show that has
25:58
bitcoiners, if you are on the Bitcoin standard, people will
26:05
want to have you come to their country.
26:08
We are seeing the sovereign individual thesis play out in
26:11
real time that if you're treated bad by 1 country, another
26:14
country will gain your favor and your approval.
26:17
Yes, you know it's it's a it's a high mark right now.
26:21
But I think moving forward we're going to see more and more
26:23
countries do the same or similar things.
26:25
So before I go on, and before our chat starts calling me a
26:28
status Svetsky, what's your thoughts on this?
26:33
I mean, it's a good, it's a good initiative.
26:35
I think it's too expensive. I think you can get much better
26:38
citizenships for 1,000,000 bucks.
26:43
You know, Salvador's on the up and up, it's on the rise.
26:46
I have a lot of respect for what Kayla's done in terms of turning
26:49
the country around. Is is Salvador a place that I
26:54
would seek to get a passport? I mean, let's answer it two
27:01
ways. Would Salvador be a place that I
27:02
seek to pay $1,000,000 for a passport?
27:06
Absolutely not. Would I even want an El Salvador
27:09
passport? Maybe, you know, maybe five
27:12
years from now, maybe 10 years from now.
27:14
Right now, I guess, at least for me, it's not that enticing.
27:16
It's not a very strong passport, but look, it's a fantastic
27:22
opportunity for those who do need a second passport to add
27:24
the capital and you know, don't know, you know, don't have other
27:31
opportunities, you know, to get a secondary passport.
27:33
So you know and and I'm sure there's going to be a bunch of
27:36
perks that that come with buying this sort of passport, you know,
27:43
being one of the 1000 that you know that purchased the Freedom
27:48
Passport or Freedom Visa or whatever it's called.
27:50
I I, you know, I'm sure there's going to be some other perks
27:52
that come with that, you know, in terms of connections into
27:54
book L etcetera. So, so I'm sure there's going to
27:56
be like some ancillary benefits. But yeah, like for me personally
28:02
it's you know, I don't find it that interesting because I have
28:04
like many citizenships already. So that's it.
28:07
You know, I'm I'm good. Soft flag, soft flag.
28:10
But yeah, I'm sure there will be some perks that that will be
28:13
announced with this freedom visa moving forward.
28:16
But in the meantime, I I think it just goes to show that as as
28:21
a bitcoiner and especially what we're seeing coming out of
28:24
America and other than what's coming out of the UK and the EU,
28:28
is like as first world countries start to abuse their citizens,
28:33
abuse bitcoiners, other countries are going to try to
28:35
gain their favor. And El Salvador Naive Bukele is
28:39
leading that path. Anyways, Chris, what's your
28:41
thoughts on all this? And then maybe even the Volcano
28:43
Bond. I'm sure you have a little more
28:45
insights on the Volcano Bond. I'm sure you've been covering
28:47
that for a while. What's your thoughts on all
28:49
this? Yeah, I mean, I I kind of agree
28:51
with Spetsky. I don't think I'd pay $1,000,000
28:53
to get citizenship there. I know SF Hoddle said in the
28:56
comments though that you can get citizenship to El Salvador for a
28:59
few $100. You have to wait five years
29:01
though, and it's a longer drawn out process.
29:03
This program is particularly for high net worth individuals.
29:06
So like, like like Spetsky was saying, it's like, yeah, it's
29:09
like you want to get in and probably have perks by doing.
29:12
So I think that makes a lot of sense for the Volcano bonds.
29:15
I'm excited to see where this goes.
29:17
Obviously it's kind of a long term project.
29:18
They were talking about Volcano bonds probably a year and a
29:22
half, two years ago at this point.
29:24
So it's finally cool to see it finally almost get across the
29:27
finish line. Obviously once the bonds get
29:29
issued, it's going to be building that billion dollar
29:31
facility basically using geothermal heating in order to
29:34
power Bitcoin mines. So we always talked about how
29:37
renewables are only really viable with the investment of
29:42
Bitcoin. So it's going to be see, cool to
29:43
see like hydroelectric or solar or wind or flare gas or
29:47
whatever. It may be kind of getting
29:49
bootstrapped with Bitcoin mining.
29:51
So it'd be very, very cool to see a geothermal energy being
29:55
used to mine Bitcoin, and I think that that's going to give
29:57
El Salvador a leg up. Definitely creates jobs and I'm
30:00
excited to see this project take place over the next few years.
30:04
Well, I I think what's most exciting is just like we're
30:08
seeing what we've been talking about play out in real time and
30:14
I know we want it to happen faster.
30:16
But like every country in the world, if they're smart, if
30:19
there's still some people out there that think critically will
30:21
want to gain the favor of Bit Corners.
30:24
Because as we're going to talk about right now with Svensky, we
30:27
have the best money in the world, which means we are going
30:29
to be the best people in the world whether they like it or
30:32
not. So let's get into this.
30:34
But actually, before we go on, guys get in touch with Kaboom
30:36
Racks, My boys over there at Kaboom Racks, they will sell you
30:39
a six. They will buy your A six.
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They will host your A6. My boy Alex will probably
30:44
convince you not to buy any a six.
30:46
But if you're thinking about Bitcoin mining, if you want to
30:50
know what's going on with the industry at large with what's
30:52
going to happen with the having, get in touch with the guys over
30:55
at Kaboom Racks, Join their telegram group and they will
30:59
literally give you white glove service.
31:00
I they're they're one of the best in the business and they're
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some of the coolest guys out there.
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So get in touch with them guys. kaboomracks.com or get in their
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telegram group T dot me slash kaboom racks.
31:10
Anyways, let's get in the culture, because I want Svetsky
31:13
to give us a I'm giving it as much time as possible so we can
31:16
talk about this article. So let's get into this the.
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31:48
All right, guys. So as you can see here I have an
31:51
article from Spetsky. It's on the
31:53
bitcointimes.substack.com. It is called Uber Money Niches
31:59
Missing ingredient by the one and only Alex Fetsky.
32:02
I highly recommend you read this.
32:04
I'm I'm sure we're not going to even cover everything in this
32:07
article, but I really want to start with the quote that you
32:10
started this article, Svensky, and then I'll let you go where
32:13
you want to take this one, and I think it's a great quote.
32:16
So this is Frederick Nietzsche, and he goes for believe me, the
32:19
secret for harvesting from existence the greatest
32:22
fruitfulness and the greatest enjoyment is to live
32:25
dangerously. Build your cities on the slopes
32:27
of Vesuvius. Send your ships into uncharted
32:29
seas. Live at war with your peers and
32:31
yourselves. Be robbers and conquerors As
32:33
long as you cannot be rulers and possessors, you seekers of
32:36
knowledge. Soon the age will pass when you
32:39
could be content to live hidden in force.
32:41
Wait when you could be? Yeah.
32:42
Soon the age will pass when you could be content to live hidden
32:45
in force like shy deer. At long last, a search for
32:48
knowledge will reach out for it's due.
32:50
It will want to rule and possess.
32:52
And you with it. Schefsky, what is this article?
32:56
Man, I I think you know you mentioned the Bitcoin Remnant,
32:59
which was one of the articles that absolutely slapped in the
33:02
past. It's one of my favorite
33:04
articles, but this new one. You said this might even be more
33:08
contentious than the Bitcoin remnant article, So what is the
33:12
point you're coming across? Or rather, let's start with how
33:14
did you get to this point to write this article?
33:18
I mean, I think this is, this is something that's been in the
33:23
making for a while. I I don't know how many bitcoins
33:27
are familiar with Nietzsche. I think Bitcoin is in general
33:29
and more familiar with with, you know, people like Hopper and
33:35
Mises and all that sort of stuff.
33:37
But I think there's a big, big, big, big, big missing piece with
33:42
with Nietzsche's philosophy, which I believe, I I've come to
33:44
believe now having gone down the Nietzsche rabbit hole, that his
33:47
philosophy is some of the most profound stuff ever written,
33:51
ever thought of. And and The funny thing is he's
33:53
just so misunderstood. He triggers so many people.
33:55
He triggers he people on the left, on the right, he triggers
33:58
Christians, he triggers, you know, Austrians, Libertarians
34:01
triggers fucking everybody. And he's like the ultimate, like
34:05
if he was alive today, he'd be the kind of guy on Twitter, just
34:09
like when someone posts something he'd like probably
34:11
just, you know, sub tweet them say like dork loser, you're fat,
34:18
you know, like he just the guy was a fucking troll like he was,
34:23
he was brilliant. He just like, you know, he he
34:27
was just the ultimate troll of the philosophers as well.
34:30
Like, you know, Europe was in the golden age of like its glory
34:33
and everything like that. He just like basically came out
34:35
and just slaughtered all of the all of the philosophers that
34:39
everyone held like, you know, sacred.
34:41
He's just like this guy's a loser.
34:43
He's a faggot, he's a moron. He just like destroyed him.
34:46
So anyway, he was the he was the original toxic maximalist I
34:52
think. And anyway as I've as I've sort
34:54
of gone down the the Nietzsche rabbit hole, I I just.
34:58
I found another person who far, you know well before my time who
35:06
had ideas that reminded me of what I wrote about in the
35:10
Remnant piece. And you know, if for those who
35:13
don't recall, something I spoke about in the Remnant essay was
35:16
this idea of the masses don't matter.
35:18
What matters is like a small committed elite group of people
35:23
who are excellence oriented, who moved the needle and act like
35:28
the the tip of the spear, right. And you know, this triggered a
35:32
bunch of people but obviously landed well with others.
35:36
And I, you know, I gave voice to this idea, this instinct that I
35:40
had in me. And going down the nature rabbit
35:43
hole, I I found someone who had an entire philosophy developed
35:47
around this idea of, you know, master and slave morality around
35:52
excellence, around greatness, around, you know, quality of a
35:58
quantity, which is one of the themes in the essay.
36:00
So yeah, I think, you know, I was able to kind of gather all
36:05
of these thoughts, particularly also because last year or sorry,
36:08
this year I spent, oh, shit, actually, yeah, 2022 and a bunch
36:13
of this year I spent writing the Bushido of Bitcoin, which is a
36:15
new the book that I'm launching next year.
36:19
And it was just sort of pieces of all of this came together and
36:23
yeah, I had to write an essay for the Energy edition for the
36:26
Bitcoin Times with like Marty Pan and all those other people.
36:30
And this, this was what came out of me.
36:32
I was like, OK, let me ask a different question about energy.
36:37
And what I focused on was not on mining or coal or oil or you
36:43
know the the the sort of the tangible energy stuff I asked
36:46
about. OK, what is it that animates
36:48
human beings? What is vitality?
36:50
What what is it? What is it that makes us fucking
36:52
alive? And I used that as the, the
36:56
basis or the OR the one of the central threads of the SN.
37:00
And yeah, I made a case for why something like Bitcoin brings
37:07
forth what might be the vision that Nietzsche spoke about a
37:13
hundred 150 years ago. Love it, love it.
37:16
And I think one of the the central themes of your article
37:20
is this idea that, you know, I, if anyone familiar with
37:23
Nietzsche even a little bit that I'm sure they've heard about,
37:26
like the Ubermensch. And I love how you connected the
37:30
idea that Bitcoin is what facilitates the Uber Mensch and
37:34
creates the, you know, the highest being of the of man.
37:39
And it's being propelled by Bitcoin as energy money, as
37:42
you've been talking about. Sort of propelled.
37:45
I don't want to say propelled. I think it's a necessary,
37:51
unnecessary ingredient, right? So like I, I spoke about this on
37:55
a spaces last week with the Parker Lewis and stuff and we're
37:59
just saying, OK, what what does Bitcoin make possible, right?
38:05
Bitcoin makes possible not just the the preservation of
38:09
purchasing power today, right? Or for yourself, it makes
38:13
possible the preservation of one's wealth and the passing
38:17
down of one's wealth generationally.
38:19
You know, we you guys talk about it here on simply Bitcoin.
38:21
It's Bitcoin is generational money, right?
38:24
It's generational wealth. And what is the point of passing
38:30
down generational wealth other than to enable your descendants
38:34
to be greater virgins, to be greater people, Right.
38:38
And this is, you know, this is, I fundamentally believe they
38:42
something that the West has been brainwashed on.
38:45
You know, we have this view that somehow the royal families were
38:49
the were the worst people and all this sort of stuff and that
38:53
they were the inbreds and all this sort of stuff.
38:55
And it's such fucking bullshit. Like the royal families, the
38:59
ancient monarchs, even the medieval monarchs and all that
39:01
sort of stuff. Like they literally built
39:04
civilization. You have Florence today, like an
39:08
entire city built by the Medici family, because over generations
39:13
they set out to build things that would not only outlast
39:17
their lifespan, but would even just to build them, take longer
39:21
than their lifespan. Right?
39:23
These churches, these medieval cathedrals and stuff like that.
39:26
And this kind of thinking requires generational wealth be
39:32
passed. And it requires like, you know,
39:36
I'm going to say that people get cut about this, but it didn't.
39:39
It requires strategic breeding. It requires you to think about
39:45
who you want to marry, who your kids want to be, how to educate
39:48
them, how to raise them. Like being able to pass on not
39:52
just, you know, wealth, but ideas and everything that sort
39:55
of comes with that. And it's, you know, it's it's a
39:58
topic you can't discuss openly these days because you start
40:01
this, you know, people call you a Nazi and a supremacist and all
40:04
sorts of strange shit, but you know nothing.
40:08
Nothing great. Was ever built really in a
40:11
single generation? Like you know some things, yes.
40:14
But the the test of something great is how many generations
40:19
does it last? Like how long does it last.
40:21
And if it's something that sort of comes and goes a single
40:23
generation, it's It may not be you might not call it a failure,
40:28
but it's it's not the success that it could have been.
40:30
So to sort of tie this back to to Uber mentioned Uber money and
40:37
and Bitcoin and nature, it's like he he long before we saw
40:42
the fall of the West. You know we are all seeing the
40:44
fall of the West today and we're all pointing at it and we're
40:47
like oh it's because of 1971 or it's because of the central
40:49
banks. Nietzsche saw it long before
40:51
that. He saw a decay in the culture
40:55
being established. And you know, what he pointed at
40:58
was the equalitarian ideas that were starting to sprout up,
41:02
fundamentally inspired by movements like the French
41:05
Revolution of communism. He said we are, you know, in
41:08
democracy as well. He was a mad democracy hater.
41:11
And he said, look, we've got these ideas that are infecting
41:14
the Western soul and the direction that this is taking
41:17
us. We're going to end up in an age
41:19
where what he called the last man, right.
41:22
And the last man we called today, you know, I called it the
41:25
lemmings in my article or the masses, you know, we call it the
41:27
NPCS, right? The sheep or whatever, He said
41:32
we're going to establish a world where the NPCS basically make up
41:37
the mass of civilization. So it's going to be people who,
41:41
you know, live cynically. You know, the ones who they,
41:44
they scoff at greatness. You know, they believe that
41:47
everybody should be the average man.
41:49
And you know, he said that the, the energy of civilization is
41:52
going to be that which tries to bring everything down like crabs
41:55
in a bucket almost. But he said with that, with
41:59
that, you know, as man erodes into this last man, from that
42:04
will rise a new archetype, which he called the ubermensch, which
42:09
you know, kind of roughly translated from German into
42:11
English, is the over man. You know that the next man and
42:16
his his, his argument here was that this is not some single
42:21
individual right, although he could be embodied in someone
42:24
like a Napoleon or a or an Alexander the Great kind of
42:27
archetype, right? But the ubermensch as an idea is
42:30
an archetype of person. It is an archetype of being that
42:35
is different fundamentally to that which came before.
42:38
And and I joked about this in a previous essay a couple years
42:41
ago that I wrote the Fire Bitcoin teleportation piece and
42:45
I spoke about. I said, look, you know the way
42:47
the world's going, humanity's going to bifurcate into two
42:50
things. You're going to have, you're
42:53
going to have Homo hystericus. You know, like the people
42:55
wearing fucking masks and taking a subscription, you know, jab
42:59
versus homo bitcoinicus, which are the people that are going to
43:02
be homeschooled, eating meat, fucking raw dairy, getting
43:05
sunshine, training in the gym. Like, you know, you're going to
43:07
fundamentally have two different types of species.
43:09
And The funny thing is, Nietzsche was literally talking
43:12
about this. The last man, Homo, hystericus
43:14
and Ubermensch. However, Quinacus is like the
43:17
person who, over a series of generations, just basically
43:21
diverges from this fucking lemming, right?
43:24
It becomes a different kind of person.
43:26
Aristocratic in the true sense of the term.
43:29
Aristocratic means, I believe. Let me make sure I don't.
43:35
I don't want to fuck this up. I want to get the yes, Aristos
43:38
in Greek means best and Kratia in Greek means power.
43:42
So like power of the best or ruled by the best.
43:45
Right. There's the there's the mean.
43:47
So like I think we're going to have a new aristocracy emerge.
43:50
And I think you know the the one of the key ingredients for
43:54
making all of this possible is the existence of something like
43:57
Bitcoin. Because you need to be able to
43:59
pass wealth on generationally in order to build upon the capital
44:03
base that came before you. So anyway, long rant, but you
44:08
know, it's important to understand the Ubermensch is a
44:09
new archetype that stems from the fertile soil of shit which
44:15
humanity has fucking devolved into.
44:18
And for that to occur, something like they kind of believe needs
44:21
to exist. Love it.
44:22
One of one of my boys over at Bitcoin magazine Joe Rogers, we
44:26
we have memed it into the idea of the frames of propagating
44:32
your memes. And by that he literally is
44:34
saying like you're when you make children, you are propagating
44:37
your memes. And this is what everyone is
44:40
doing. And like, I know, I know when
44:42
Svetsky says this, sometimes you're like wow.
44:45
And you even say in this article right here.
44:46
And I, and I want to hint on this, it's like, this may be
44:50
unpopular, but I like this right here.
44:52
You know, the formula is simple. Strong individuals equal a
44:55
strong society. Weak individuals equal a weak
44:57
society. And someone quote tweeted you in
45:00
our chat and you even said, like, this might be the most
45:03
unpopular belief of this whole article.
45:05
But I really want to get into it because I think it really sums
45:08
up everything we're doing. I say it all the time, you know,
45:10
get yourself physically fit, mentally fit, spiritually fit.
45:14
Because what we're really doing here is we are propagating a new
45:18
meme on humanity right now, as we have seen for the last, I
45:22
don't know, hundreds of years, humanity has devolved into this
45:26
weak, complacent man beast that lets the lets the unproductive
45:32
class literally be parasites on top of and and we are all asleep
45:37
at the wheel anyways. Let's get into this article.
45:38
This is Fetchy's words, not mine guys, he goes.
45:40
Most people think that bitcoin's greatest contribution will be to
45:43
lift the masses up and help the weak quote UN quote.
45:46
While that will likely occur not for the reasons you think it
45:48
will. It's my unpopular belief that
45:50
the more important contribution and impact to mankind will be
45:53
that Bitcoin makes the strongest, stronger, the best,
45:56
better and the most powerful more powerful.
45:59
And just to give you guys the caveat, he even writes I can
46:02
feel I can already feel you squirming as you read that line.
46:05
So please read it again. Then allow me to clarify why
46:08
this is a good thing and of utmost importance.
46:11
So Spetsky on the show why is this a good thing and of the
46:15
utmost importance? Well, I mean you, you said it
46:18
just before, right? The formula is strong
46:21
individuals, strong society, weak individuals, weak society,
46:23
right? And we are not suffering.
46:27
The civilization today is not suffering because we have strong
46:30
individuals at the helm. We're suffering because we have
46:32
weak individuals at the helm. People have a really poor
46:34
relationship to this idea of power.
46:37
Power is agnostic. Like technology, power.
46:42
Power corrupts the weak, not the strong, right?
46:46
And this is really fucking hard for people to get their head
46:48
around, right? Christine Lagarde, Klaus Schwab,
46:54
these kind of fucking people. You know, Justin Trudeau.
46:58
Whatever you want to place in there, right?
47:00
Just like Greta Thumbo, whatever you want to put in there.
47:04
These people are not fucking strong.
47:06
They are weak. They are fundamentally weak.
47:08
In order for them to exist and to subsist, they need to cheat.
47:13
So, and I say this somewhere in the essay, I say like the the
47:17
stronger fighter doesn't enter the ring and beat the other guy
47:24
up while the other guy's got his hands tied behind his back.
47:28
You didn't prove you were stronger.
47:29
You won by fucking cheating, right?
47:30
And I think we've spoken about this on a previous essay, right?
47:33
Like the strong man doesn't step on an Ant and say I am king, You
47:38
know I'm strong. I stepped on a fucking hand.
47:40
No bro, you're a loser. You stepped on an hand.
47:42
Congratulations. You know, like the strong man
47:44
doesn't, you know, step into like the under twelves, you
47:48
know, boxing ring and beat up a bunch of children.
47:50
It's fucking work that way, right?
47:51
Like so the strong seek to you know to to carry the maximum
47:59
amount of responsibility that they can on their shoulders.
48:02
And they seek not to wield power for power's sake, but to wield
48:08
power for you know something higher whether it's God, whether
48:12
it's family, whether it's country, whether it's glory,
48:14
whether it's whatever, right. So something of that nature.
48:17
Whereas the weak, when they they get a taste of like some power
48:22
literally corrupts them because it's the only thing that gives
48:24
them significance because they have no other meaning or
48:26
significance in life. And then they use it to step on
48:30
anything that is then less powerful than them.
48:32
And that's a that's a it's a very important paradigm shift.
48:36
It's not that power is bad, it's that who holds the power and who
48:41
has access to the power determines whether the power is
48:45
channelled in an effective way or not.
48:48
And you know the the general sort of litmus test to this is
48:54
like power being channelled towards greater vitality,
48:57
greater life, greater civilization, whereas it being
49:01
channelled towards stealing, right it is is the fact that you
49:06
have power like do you Alexander the Great is a, you know, is a
49:12
is a fantastic example. Like when he captured Darius's
49:15
family arson, the first battle with the Persians, he had them
49:18
in his power. He could have killed them, he
49:20
could have used them for ransom, he could have done whatever the
49:22
fuck he wanted. But instead he said they will
49:26
remain Persian Royals and he had his army carry the entire
49:30
fucking royal tent. They they they literally, they
49:33
got treated better than when they were with Darius.
49:35
And by the end of it, Darius's mother said, Alexander is my
49:39
real son, you know, after being captive apparently for many,
49:43
many years travelling through Persia.
49:46
Like he he he didn't need to you know, hurt somebody weaker than
49:50
him. So it's like it's a, it's a it's
49:53
a different energy. And I think we as bitcoiners
49:55
need to start understanding this nuance because it's extremely,
49:59
it's extremely important. And I I guess I'll, I'll finish
50:03
this sort of thought with one thing.
50:04
It's the whole point of Bitcoin's existence, and I don't
50:10
know if I say this explicitly in this essay or not, but I believe
50:15
is to make the game fair in such a way.
50:21
And This is why I specifically use the words the strongest,
50:24
stronger, the best, better, not the strong, stronger.
50:27
But the strongest is that it will make the cream, the best of
50:31
us, rise to the top. And it will mean that, like
50:37
those who cheat to get to the top, they're not the strongest,
50:41
they will not get stronger, they will actually get weaker.
50:44
This is what my words mean. It's like really important to
50:46
understand this is that you know you if you strive to be the best
50:51
on a Bitcoin standard, you will become better.
50:54
You know, if you strive to be the strongest on a Bitcoin
50:57
standard, you will become stronger.
50:59
And like that paradigm shift is very, very, very, very, very
51:03
important to sort of click intellectually speaking.
51:06
And and that's how you build a strong civilization.
51:10
You don't do it by bringing everybody down to the average.
51:13
You do it by enabling the best to rise up and they lift
51:19
everybody else. Yeah, one, one more kind of
51:23
quote that I think sums up what you're saying because it it does
51:27
sound harsh to people. I I can imagine people being
51:30
like wow, this Smetsky guy is very he's an extremist.
51:33
This sounds horrible but I think you sum it up with a perfect,
51:37
perfect, I don't know meme here. It's like Bitcoin aligns us
51:40
towards excellence because it's puts a real and accurate price
51:44
on time and energy and encourages a life affirming
51:47
approach to living. And I've seen this.
51:50
I think Fiat is the complete opposite.
51:52
It's it's, you know, we say it all the time like Fiat is a
51:55
death cult and Bitcoin is a life affirming cult.
51:58
If you want to use the framing of Colts, it's like I think I
52:02
say it all the time like as a bit corner.
52:05
I think it is the utmost importance to get yourself
52:08
physically fit, mentally fit, spiritually fit because what
52:13
we're doing here, we are in a battle right now.
52:16
It is orange versus green. It is not left versus right.
52:19
It is about those that believe in becoming the best version of
52:23
yourself and saving in Bitcoin and those that believe that
52:26
looting is OK And I don't know about you guys, but I don't like
52:29
to get stolen from and I think this is what sets he's saying
52:32
here. It's like do you want a new
52:33
paradigm shift? Do you want a new operating
52:35
system? Well, get yourself to the best
52:39
of your abilities and saving Bitcoin and you will succeed,
52:41
which is not the game we live in now.
52:43
It's not the best that succeed in life.
52:46
It's those, as you say, that lie, steal and cheat.
52:49
The best that eventually climb up that ladder.
52:52
And if you don't frame it correctly then people start to
52:55
get emotional about this conversation.
52:57
It's like guys, this is life affirming.
52:59
If you are alive and you believe in anything that is good, then
53:03
you should be a bitcoiner and you should want to be the best
53:05
version of yourself. Any thoughts on that one,
53:08
Svetky? Totally.
53:09
I mean, I'm just gonna echo what you said.
53:12
I'm. I'm curious to hear Chris's
53:13
thoughts. Yeah, I was gonna bring them in
53:15
too. Chris, what's your thoughts on
53:16
this? Are we way off the Overton
53:19
window? What's your thoughts on this?
53:21
No, I I think Svetky's Arkel has a lot of great points.
53:24
One of my buddies over at Bitcoin Magazine, Nolan
53:26
Bowerley, he's been on the news desk and he does good.
53:30
Oh my gosh, the the breakup in the mornings on YouTube and
53:34
rumble and such. And basically he took his
53:36
Twitter handle is count BTC. And basically he's his whole
53:39
show is about breaking up with Fiat and embracing Bitcoin.
53:42
His thing is you can't value your time, your effort, money on
53:47
a Fiat standard because it's something that central banks can
53:50
literally print for free. And at Auseum, you know, you
53:54
know, Jerome Pal can literally take his headboard, bash the
53:56
keyboard and that's what comes out of the money printer.
53:57
And that's OK Well, we we allow that to happen.
54:00
Basically his whole thing is, you know, Bitcoin is fixed at a
54:04
21 million supply. We know that because of the
54:06
code. You can audit it, you can read
54:07
it, you can verify it. And with that, it shows true
54:11
value of time over time and space.
54:14
And that's a difficult thing to do not get.
54:17
I think Spetsky article points out that it's not an easy task,
54:20
but the strongest becomes stronger.
54:22
And that's exactly what we have. It's kind of like this saying,
54:25
you know, weak men create hard times, hard crimes create strong
54:29
men, strong men create good times, good times creates weak
54:31
men. Obviously we're sometime between
54:33
hard men or weak men and hard times.
54:36
But I think coming out of this epoch of becoming hyper
54:39
bitcoinized and getting on a Bitcoin standard will bring us
54:41
across that chasm to a much better world and a much better
54:44
future. Love it.
54:47
It's Fetsky. Not not to fully doxy you, but
54:50
I'm pretty sure you have a Latina wife as well, right?
54:54
And so I I have a Latina mother. And the wisdom of what my mom
54:59
has told me has been really like slapping me in the face
55:02
recently. And she'd always say the same
55:04
thing. She's like, hold yourself.
55:06
Like, you are someone that you're proud to be dressed well
55:09
when you go out in public because people are judging you
55:12
and, you know, speak in such a way that you're not
55:16
disrespecting your family name, you're not disrespecting
55:18
yourself. And I feel like that's pretty
55:21
much what we're saying here. It's like, look, guys, I say
55:23
constantly on the show you are a walking billboard for Bitcoin
55:29
and you don't need to go out there and and you know, screech
55:34
about Bitcoin. It's just live a life that other
55:36
people would want to live. And as we move farther into the
55:39
demise of Fiat, people are going to look to you and be like, yo,
55:43
how is he living good right now? How is he still optimistic and
55:47
happy when the world is crumbling around you?
55:49
So I'm guessing TLDR, that's pretty much what sets keep
55:53
saying, just a little more toxic maybe?
55:55
Yeah, I mean just be a be a fucking example man.
55:58
Like you know the the the you know talk is cheap.
56:02
I, you know, I mean, we're all guilty of, like, talking more
56:06
than we do at times. You know, this, this year I've
56:09
been really, really, really busy, like working a whole lot
56:11
of things, whether it's on the spirit of Satoshi stuff, whether
56:14
it's writing, whether it's the Bitcoin Times, whether it's the
56:20
Vashido book. I've got a couple of other
56:22
projects coming up, you know, one that's involved in not like,
56:24
dude, I'm just like fucking hustling and working, hustling
56:27
and working. And I want my life to be an
56:29
example of someone who who didn't just sort of like, I
56:34
don't know, sometimes, you know, you go into the death pit, write
56:37
the comments on social media, and like social media commenters
56:41
are the strangest, you know, form of creatures on the planet.
56:44
Like, I was literally reading one yesterday with with one that
56:47
was just hilarious. Some guy like was posting that,
56:52
oh man, something about like how, you know, leadership in,
56:59
like, it was to do with like marriage.
57:02
He was like a marriage coach guy.
57:04
And you know, he was saying like, you know, how how do you
57:06
show up as a man, you know, and and the frame you represent, you
57:10
know, your your wife will sort of mirror and reflect that.
57:13
And the guy underneath him was like, oh, no, that's impossible
57:16
with women today, blah, blah, blah.
57:18
And the guy's like, you know, what would it take, like, you
57:22
know, he was using a bit of NLP, like what would it take for you
57:24
to, you know, prove your own statement wrong?
57:26
And the guy's like, well, no, I actually have an amazing wife,
57:29
blah, blah, blah. And you know, he like, he makes
57:32
them the opposite points of the guy.
57:33
Like underneath that he says he goes, I'm like, he goes, I'm, I
57:38
can't understand what the fuck you mean.
57:40
So he goes in one breath just saying that you and I are lucky
57:42
enough to have incredible women, but everybody else is fucked.
57:45
He's like, what's wrong with you?
57:47
And like, I don't know, man, it's like we we have more of an
57:54
impact on the world than we know.
57:57
And that's a Jordan, Peter Esque idea.
57:58
It's like, you know, you clean your room and you, you do
58:02
something on the planet and it actually has an effect on the
58:06
people around you, the community around you.
58:07
And that actually impacts the world fundamentally.
58:10
And you know, being being an example of some sort is going
58:18
to, I don't know, it's just going to, it's going to mean 100
58:21
times more than anything you fucking said on Twitter or
58:24
anything you, you know, said on social media or any of that sort
58:27
of stuff. Notwithstanding, that sometimes
58:30
does have power because it, you know, might wake people up.
58:32
It might, you know, you know, a couple words might string some
58:35
people along the path. But anyway, I think your mom's
58:40
wisdom is fantastic. And yeah, it's a simpler way of
58:43
saying what I'm trying to say here with with the imperative to
58:48
become excellent in every aspect of your life that you can
58:52
possibly become excellent. Love it.
58:56
Hold on guys. I think we can sum this up by a
59:01
very simple phrase that I'm sure you guys have all heard.
59:04
You know actions speak louder than words and and you are a
59:07
walking billboard for this message, this movement of being
59:10
a bit corner of of living the best life possible of breaking
59:15
out of the Fiat framework. And I think just to sum this up
59:17
shots at the Jay Thoreau. He got one more quote from your
59:20
article and guys go read it. Go to go to Bitcoin Times sub
59:25
stack, Svetsky sub stack and read the whole article and you
59:28
guys are going to thoroughly enjoy it.
59:30
And if you haven't read the Bitcoin remnant, maybe read the
59:32
remnant first and then read Uber Money.
59:35
But one last quote guys before we end this show, Svetsky goes.
59:41
This is the same reason why I like to think of it as Uber
59:44
money. Bitcoin is a framework for
59:45
excellence, and excellence is a soil from which the Uber man
59:49
shall spring couldn't have summed it up better.
59:52
Guys, live a good life, get yourself to your best condition
59:56
and it's going to be almost impossible for you not to win.
1:00:00
So continue to stack, guys. Continue to live better.
1:00:03
This is the way. This is the only way forward.
1:00:06
Anyways, Alex. Really enjoyed this
1:00:10
conversation. Thank you so much.
1:00:12
Where can people find you? What are you working on?
1:00:13
What do you want the audience to check out?
1:00:16
I would love everybody to go and support the Bitcoin Times.
1:00:19
Myself and and Luke Mickitch. Young Luke are working on it and
1:00:24
we print 2100 of each edition every year.
1:00:30
So it's limited edition collectible.
1:00:31
Where the fuck is it? I've got some copies.
1:00:35
Here, let me show you. So you'll notice on the back
1:00:38
here there is their numbered. So I have issue #1 of 2100, of
1:00:44
course, because that's going to be mine forever.
1:00:47
But you know this is last year's edition with Seifa Dean, Pierre
1:00:51
Rashad, Michael Goldstein, etcetera.
1:00:53
That was the Austrian edition. That was the year before The New
1:00:55
Hope, Tom Australia, Allen Farrington and others.
1:00:58
This was the legend of Prometheus edition 3.
1:01:02
Parker Lewis Jeff Booth Giacomo Jimmy Song and all the great.
1:01:07
So each year it's like it's it's the best of the best.
1:01:10
It's invitation only and yeah this is like a proper thick like
1:01:15
14 point print in terms of the cover and yeah it's a beautiful
1:01:20
thing 2100 of them. You can pre-order now and I'll
1:01:23
give you guys actually a code. Fuck it.
1:01:25
If you use the code energy you'll get 40,000 stats off
1:01:28
Bitcoin times dot OO that's what I would love people to go and
1:01:31
support and and other than that I mean I'm sure everyone here
1:01:36
has got me on Twitter, hit me up there if anything.
1:01:39
Of it. Well, appreciate it bro.
1:01:41
I can't wait to bring you on. Maybe do a longer form episode.
1:01:44
And Chris, I think we'll just be seeing you back on simply more
1:01:48
and more as Nico keeps tapping you to come on the show.
1:01:52
But Chris, really appreciate it bro.
1:01:54
Thanks for showing up today. Thanks for having me.
1:01:56
Yeah, pleasure. Let's go.
1:01:58
All right, guys, Let me pull you guys behind the scenes.
1:02:01
You already know the deal like subscribe, share, spread, all
1:02:05
Bitcoin, signal. It's not just about simply
1:02:07
Bitcoin. It's about getting this message
1:02:09
out there to the world and making sure that we are
1:02:12
propagating the memes in any way possible.
1:02:14
Life is memes. Memes is life.
1:02:16
All we are doing here is incepting the ideas of freedom
1:02:20
of freedom, money of living an excellent life and you do that
1:02:24
on the Bitcoin standard. Anyways guys, we will see you
1:02:26
tomorrow. I'm almost positive Nika will be
1:02:28
back tomorrow unless some other thing from life pops up.
1:02:31
I'm pretty sure we're going to be talking about this Elizabeth
1:02:33
Warren stuff that we all been hearing about.
1:02:34
The attacks on Bitcoin. Do not get it mistaken.
1:02:38
We are in the then they fight you stage guys, make sure you
1:02:40
are taking Bitcoin into self custody.
1:02:42
Do not leave your Bitcoin on exchanges.
1:02:44
And then of course continue to spread the good word of Bitcoin.
1:02:47
Until next time guys. I will see you.
1:02:49
Peace out.