Latest / Simply Bitcoin / EP360 How Bitcoin Nodes Will Decentralize the Internet

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EP360 How Bitcoin Nodes Will Decentralize the Internet · Simply Bitcoin

• 0:00
  All right everyone, welcome back.
• 0:01
  It's simply Bitcoin. We break down the news from
• 0:03
  Twitter, the daily fail meme review, software releases,
• 0:07
  hardware releases and the websites by plebs.
• 0:11
  Joining us today, fellow I'd say toxic Bitcoiner and cofounder of
• 0:18
  Start Nine Labs. People would probably know it
• 0:20
  more for the Embassy OS. I'm talking about Matt Hill,
• 0:24
  He's joining us. But right now we're going to the
• 0:26
  numbers. Let's do it.
• 0:27
  Number Time, sponsored by the Numbers is brought to you by
• 0:30
  Bitcoin 2022. Get your tickets now before the
• 0:33
  price goes up and take advantage of the link down below for 10%
• 0:37
  off. At the time of this recording
• 0:38
  the block height is 709,137. The Bitcoin price 64,990, chain
• 0:45
  rewrite day 766, total public lightning capacity That is
• 0:50
  definitely a new all time high 3203.30 and Moscow time 1539
• 0:58
  blocks to the happening 130,863 Nikko.
• 1:05
  Soon we are going to have a brand new dashboard.
• 1:08
  It's about to be epic. I know that has nothing to do
• 1:10
  with the numbers, but we've been taking a look at it and it's
• 1:13
  coming soon so hopefully you all like it.
• 1:15
  We're gonna have a new landing page, new dashboard, good times
• 1:18
  and as you could see the new all time high price on the public
• 1:22
  lightning capacity. Do you have any numbers to share
• 1:25
  with us, Niko, besides the ones that we have just looked at?
• 1:28
  Yes, Phil, you know what time it is?
• 1:31
  It's a Toshi time. We did break an all time high.
• 1:37
  Anyways, for anyone who's new to the channel, this is Satoshi the
• 1:40
  Bitcoin chicken. He clucks the price of Bitcoin
• 1:42
  when he the price of Bitcoin reaches an all time high.
• 1:45
  And it did, it did, but they crashed back down.
• 1:48
  But while Satoshi was sleeping, that's when it hit it so he had
• 1:51
  to cluck. But anyways, Phil, I do have
• 1:53
  some very interesting numbers. Check this out.
• 1:56
  From glass node, very, very bullish.
• 2:00
  We're not going to speculate and show you any type of opium, but
• 2:04
  this is some actual data that we could look at, right?
• 2:07
  This is the percent balance of Bitcoin on all exchanges, right.
• 2:12
  So you know you can go start from 2013.
• 2:15
  Go all the way up to 2020. Now something really interesting
• 2:20
  started happening in March 2020. That was really when the crash
• 2:26
  really started happening. The China hash rate, all that
• 2:29
  jazz, look at that. The amount of Bitcoin on
• 2:32
  exchanges is actually being taken out.
• 2:36
  So what? What could you surmise from
• 2:38
  that? People are taking self custody,
• 2:40
  right? People are, you know, more
• 2:43
  longterm thinking. People aren't looking to sell
• 2:46
  their Bitcoin on exchanges or else that number would be
• 2:49
  higher. So it's it's really, really
• 2:51
  bullish, Phil. You know, put the speculation
• 2:53
  aside, right, that I just like it from the mere fact that more
• 2:58
  and more people are taking self custody of their Bitcoin.
• 3:02
  And that is a really good thing, Phil.
• 3:05
  Bullish on the sovereign individual, right.
• 3:07
  We were just talking about that. I mean, that is right there to
• 3:10
  me. That's that's kind of one of
• 3:11
  those small indicators, right? That tells us, hey, wait a
• 3:14
  second, it really does matter that I custody my own Bitcoin
• 3:17
  and that I understand this. So yeah, you know, why not
• 3:20
  everybody, you know, the plebs can give themselves a pat on the
• 3:22
  back, right? Because there's plenty of plebs
• 3:24
  that aren't on Twitter, but they're plebs anyways, you know,
• 3:27
  So they they just don't know that they're plebs yet.
• 3:29
  But then, you know, once they meet us, they're like, oh, yeah,
• 3:31
  that's right, We're plebs. So.
• 3:34
  So Matt, do you have any unique observations, anything that we
• 3:39
  might have missed ourselves when showing you that glass node data
• 3:43
  set? So no, nothing in particular,
• 3:47
  something that doesn't show up in the data set is our sort of
• 3:50
  internal anecdotal evidence and observations that we see from
• 3:53
  our chat channels and our customers.
• 3:55
  And all I can say is that there is a.
• 3:59
  Ramp up in the hunger for sovereignty, and not just when
• 4:03
  it comes to custodying your own Bitcoin, but just in general.
• 4:06
  We more and more are getting people reaching out to us
• 4:09
  saying, hey, how do I, how do I get rid of Google for my life?
• 4:13
  You know how do I run my own node?
• 4:15
  How do I run my own lightning node?
• 4:17
  And those questions are just increasing in frequency across
• 4:20
  all channels like this is it's getting hot.
• 4:22
  Man, that's that's that's incredible news.
• 4:25
  You know you have to opt out. In every level, you know,
• 4:28
  Bitcoin is just one small facet of that.
• 4:31
  There's so many other things that you could choose to opt out
• 4:35
  using Internet's Internet search engines, like DuckDuckGo.
• 4:40
  DuckDuckGo, for example, right? Using Signal, you know, that are
• 4:43
  more privacy focused. They're not collecting your
• 4:46
  data. Very, very interesting to say
• 4:48
  the least. But anyways, Phil, it's time for
• 4:51
  the daily fail. The daily fail is brought to you
• 4:54
  by Amber App. Check them out Amber dot App.
• 4:56
  It's Bitcoin made easy. It's the easiest way to invest
• 4:59
  in Bitcoin. Check out the link down below.
• 5:01
  What's really creepy is that I'm starting to hear you in my
• 5:04
  dreams. Yellow.
• 5:06
  Amber smart waves that sense. I'm prefacing this fail with
• 5:12
  just everybody. Try to keep up with me.
• 5:15
  I don't. I don't think it's that
• 5:16
  difficult, but at the same time, I'm just going to be pulling at
• 5:19
  different strings and it's all shit coining and it's all bad
• 5:23
  for you. OK, let's dive into this.
• 5:25
  So first what started off with was finding this, like on that
• 5:29
  that crypto panic app there, that data aggregator.
• 5:32
  Anyways, found this article. Here's who is actually holding
• 5:37
  51% of shib supply. OK, so you know, obviously I'm
• 5:41
  going to go and take a look at this crap and see what's going
• 5:43
  on. OK, so here we go.
• 5:45
  While only 10 wallets hold 72% of ships supply, the majority of
• 5:48
  those are not actual retail traders or whales.
• 5:51
  Okay, this is where you're going to have to keep up with me
• 5:54
  because we're not going to dive entirely into this okay.
• 5:57
  We're just going to take a snippet and then move on to ship
• 6:01
  itself and okay, here we go. The 51% wallet, The history
• 6:08
  behind that wallet currently holds 410 trillion shib tokens
• 6:14
  is simple. It is a burn wallet address
• 6:17
  created to remove some part of the supply from circulation for
• 6:22
  one reason or another. Keep in mind there is no maximum
• 6:25
  supply to this shit coin. So again, just like Ethereum,
• 6:29
  it's all hocus pocus. It doesn't make a difference.
• 6:31
  You could burn all the frickin tokens that you want.
• 6:33
  Okay. Anyways, let's continue.
• 6:36
  The burn wallet cannot be accessed by just anyone.
• 6:39
  Hence funds sent there are not eligible for a refund or any use
• 6:43
  at all. The largest transaction
• 6:45
  involving the wallet was made by Vitalik Buterin, who some time
• 6:49
  ago received a large volume of Shib tokens.
• 6:53
  Okay. So let's keep Vitalik there in
• 6:57
  our back pockets. Let's move on our project and
• 7:00
  ecosystem. From its inception, Shibu Inu
• 7:03
  has done things differently. Starting with the supply of 1
• 7:06
  quadrillion, our founder Ryoshi locked 50% in Uniswap then
• 7:12
  burned the other half to Aetherium cofounder Vitalik
• 7:18
  Buterin for safe keeping. What you You burned the other
• 7:27
  half to a PER, but a burn token means it doesn't exist anymore.
• 7:33
  All right, keep up. Keep up.
• 7:36
  All right, so Vitaly Puterin for safekeeping.
• 7:39
  Okay. I don't know.
• 7:43
  I just have to go take a look at this.
• 7:44
  This is just ridiculous crap about Shib.
• 7:46
  I just figured we'd get a good laugh.
• 7:48
  Okay. But just put that other stuff on
• 7:50
  the back burner for a second. Who are the founders of Sheba
• 7:53
  Inu? Sheba Inu Woof Paper.
• 7:56
  That's right, people. It's not a white paper.
• 7:58
  They're doing things differently.
• 7:59
  This is a wolf paper. Because Sheba dogs.
• 8:02
  Okay. All right, here we go.
• 8:04
  The Shiba Inu Wolf paper has three reasons why their team
• 8:07
  created Shib. We start.
• 8:09
  This is great. This is fantastic.
• 8:11
  We started from zero with zero. No, no, Okay.
• 8:17
  You started from zero with the expectation of massive profits
• 8:22
  because you had already seen it done.
• 8:23
  This is an affinity scam. Anyways, the brilliant minds
• 8:28
  behind Shib had never collaborated before.
• 8:30
  I I don't see why anybody gives a shit about that.
• 8:33
  We love Shiba Inu Dogs. Well, that needs to be money.
• 8:37
  I love collectibles. That should be money.
• 8:40
  Everybody should back my collectible token.
• 8:42
  OK? Anyways, we're we're going to
• 8:44
  continue because this gets more nefarious, OK?
• 8:46
  Because you see, Ethereum, Ethereum is somehow involved
• 8:51
  with the World Economic Forum. And so are many of these, and so
• 8:55
  are many of these shit coins. Hold on.
• 8:56
  I'm going to. I'm going to present what I
• 8:58
  believe to be my strings. Right?
• 8:59
  Like that crazy guy in the meme pointing at the OK, here we go.
• 9:03
  OK, yes, so and you see, right then half of this Sheba token
• 9:07
  was given to Vitalik. So right, all of this scam to
• 9:10
  steal people's money, right, this is.
• 9:13
  OK, Phil, hold on. Let me refer, OK?
• 9:16
  Yes. There's only space for one Niko
• 9:19
  Jones, because if you go down the field, Phil Jones, if you're
• 9:23
  going down the field Jones, then where This show, this show,
• 9:27
  She's gonna burn down, bro. I don't know.
• 9:29
  There's no tin foil hat. But you said something crazy.
• 9:33
  You said Ethereum had to do with the World Economic Forum.
• 9:38
  Prove it. Prove it.
• 9:39
  Prove it, Phil. This is my take.
• 9:41
  All right, here we go. Check this out.
• 9:42
  That's right. Okay.
• 9:43
  So check this out. We're gonna focus on the
• 9:46
  Ethereum Foundation. This is what we're gonna focus
• 9:49
  on, and this is how we're gonna pull those strings together.
• 9:52
  So you remember how I told you that they keep the This is how
• 9:54
  they keep the lights on, the shit coiners.
• 9:55
  The Ethereum Foundation has had the financials already sorted.
• 9:59
  So it so happens that cofounder Vitalik Buterin managed to
• 10:03
  convince the EF to sell up to 70,000 Eighth.
• 10:06
  I'm sure that was really tough to convince those people to dump
• 10:09
  their bags when the coin peaked in late 2017 and early 2018,
• 10:14
  right? So we all know about that that
• 10:16
  bag dumping. So think about the Aetherium
• 10:17
  Foundation, right? Vitalik Buterin now owns more
• 10:20
  than 1 billion in Aetherium Okay.
• 10:23
  So the Aetherium Foundation currently holds 430,000.
• 10:29
  Eighth, Buterin is not the only founder of a blockchain project
• 10:32
  known for selling their substantial holdings, right?
• 10:34
  We were talking about this a couple of days ago.
• 10:36
  Jed Mccaleb, the cofounder of Ripple, also has a history of
• 10:39
  selling his bags to XRP holders. He's already sold about 60
• 10:43
  million XRP this month. The sales netted him 95.4
• 10:46
  million. Now, of course, this article is
• 10:49
  from Let's go back here. May. 3rd May May 3rd, 2021 OK,
• 10:53
  all right. So anyways, so we see there's a
• 10:56
  lot of bag dumping to keep the lights on.
• 10:57
  And of course Phil made a claim, so we're getting to the claim.
• 11:00
  OK, anyways, getting to the claim, but I just want to
• 11:05
  emphasize the bag dumping, OK? The the constant bag dumping and
• 11:09
  the circle jerking and I'm helping my friends, OK, Theum
• 11:12
  Foundation sold 8th to Novogratz at a premium in 2015.
• 11:16
  Five years ago and this was November 2025.
• 11:20
  Years ago, Mike Novogratz, CEO of digital asset focused
• 11:22
  financial services firm Galaxy Digital acquired 500,000 Eighth
• 11:26
  from the Aetherium Foundation, paying a premium price of USD
• 11:29
  98th to $0.99 per eighth. OK, lots of good bag dumping.
• 11:35
  Now let's dive into the executive board of the Aetherium
• 11:40
  Foundation and let's pull those strings together.
• 11:43
  So you have three people, the executive board, you've got
• 11:47
  Vitalik, you've got Patrick Storchnegger, and you've got Aya
• 11:53
  Miyaguchi. Who the hell is.
• 11:55
  Yeah, Miyaguchi, right. Oh, what's this?
• 12:01
  Oh, I don't know who this is, but she appears to be on the
• 12:05
  World Economic Forum website. OK, so there's her, right?
• 12:08
  So think about it. You have, you have more, you
• 12:10
  have more and more. I do have.
• 12:11
  I do have a little more. I do have a little more.
• 12:13
  Hold on. So they originally became
• 12:15
  fascinated in the blockchain space for its potential to
• 12:17
  impact financial inclusion and emerging markets. 2013 She
• 12:20
  joined Kraken as Managing Director and has since worked to
• 12:24
  educate the public VCs and regulators on cryptocurrencies
• 12:28
  and blockchain innovation globally.
• 12:30
  Passion for blockchain and for creating lasting, sustainable
• 12:32
  social impact led her to join the Ethereum Foundation as
• 12:36
  Executive Director, where she leads the Foundation's team and
• 12:39
  supports the Ethereum ecosystem through core development and
• 12:41
  research activities and educational efforts around the
• 12:44
  technology. I mean like really creating a
• 12:46
  bunch of useless shit coins that don't need to be money?
• 12:48
  What are you going to educate people?
• 12:50
  Because they can control them. Dude, dude, So wait, so now
• 12:54
  we're going to move on over to to Patrick Okay.
• 12:57
  So you know how like we, we, we kind of noticed that Ethereum
• 12:59
  doesn't really get touched right by the regulators.
• 13:02
  Kind of interesting, kind of interesting that they don't get
• 13:04
  touched right, Cuz we all know what they're doing.
• 13:07
  So here we go. So Patrick, All right, so here
• 13:09
  we go. Patrick is an attorney at Law
• 13:10
  and Notary Public and Access Compliance and ALL officer for
• 13:14
  Amor Capital. He's also an external auditor of
• 13:17
  the Zeger Cantonal Bank, member of the Board of Trustees of the
• 13:21
  Aetherium Foundation, member of VQFA self regulatory
• 13:24
  organization for anti money laundering purposes, brings many
• 13:29
  years of international tax law, corporate lawn capital market
• 13:33
  law, and advises several international companies
• 13:35
  including those engaged in trading, reassurance,
• 13:38
  transportation and blockchain technology.
• 13:41
  It's good to have an AM L officer on your side sometimes,
• 13:44
  huh Okay? So let's let's proceed onto you
• 13:47
  member. You know the shit coins.
• 13:48
  What I said is that they're related to the World Economic
• 13:51
  Forum. All right, so we have a tweet
• 13:53
  here from the World Economic Forum.
• 13:56
  Here's how many companies can make sure they are blockchain
• 14:00
  ready and they are shilling Chain Link Okay.
• 14:04
  Chain Link pretends to solve the Oracle problem okay by having
• 14:09
  one centralized company where you can go and sit there and
• 14:11
  stake your tokens and quote, UN quote, secure the Oracle data.
• 14:18
  So guys, when we tell you that shit coining is a scam, when we
• 14:21
  tell you that they are all linked together, I mean we are
• 14:24
  just unraveling the layers of this onion.
• 14:26
  I mean come on. The executive director of the
• 14:31
  ETH Foundation is part of the World Economic Forum.
• 14:33
  We've already exposed that Meltham works for the the World
• 14:36
  Economic Forum and they have an AM L officer that works for them
• 14:41
  and you wonder why you never hear any problems for them.
• 14:46
  Dude. Anyways, look.
• 14:48
  But it remember, I've actually been saying this for for a
• 14:52
  couple days now. How shit coins need the
• 14:56
  government, They need the nation state to survive, right?
• 14:59
  Because. The level of centralization that
• 15:02
  they have right, if you look at Ethereum for example, most of
• 15:05
  Ethereum nodes because they're so resource and intensive unlike
• 15:09
  Bitcoin run on Amazon Web Services, right.
• 15:12
  So if a nation state, if a government did want to shut down
• 15:16
  or at least hamper the Ethereum network.
• 15:19
  They could do so. So you kind of see the same
• 15:21
  thing with Brian Armstrong as well.
• 15:23
  You know, he's flying over there, he's trying to, you know,
• 15:27
  grease some palms and DC as well, right?
• 15:30
  And and that's because they don't want, you know, their shit
• 15:32
  coin casino scam. Pulled by by by the state.
• 15:37
  If you contrast that with Bitcoin because it's
• 15:40
  decentralized right? Bitcoin doesn't need the nation
• 15:43
  state. Bitcoin could work a parallel to
• 15:46
  the nation state. But man the level of evil there
• 15:50
  that you just uncovered. Phil.
• 15:52
  Holy crap man. Like I thought it.
• 15:55
  I thought the you know I thought badly of Ethereum because it's a
• 15:58
  shit coin. It's a pre mind shit coin.
• 16:00
  But dude, now they're associated with the world's Economic Forum.
• 16:04
  Some evil people there and and yeah man and of course they have
• 16:09
  the compliance guy to make sure that they don't get you know
• 16:12
  effed in the AML KYC you know point or whatever.
• 16:17
  So yeah man it's that's that's absolutely crazy Phil Jones.
• 16:22
  Anyways, Matt, what do you think?
• 16:24
  What do I think? That.
• 16:27
  Was a lot. Look if the overall thesis of
• 16:32
  everything you just did is that. Scammers going to scam and
• 16:36
  people are going to take advantage of imperfect
• 16:39
  information and chaotic markets and new technologies that are
• 16:44
  widely misunderstood. Point point taken, I think.
• 16:49
  I think most people can agree that.
• 16:52
  Those things are going to happen.
• 16:54
  They've happened in the past with stocks, right?
• 16:57
  A long time ago when people were selling stock certificates for
• 17:01
  companies that didn't exist. To moms and pops going door to
• 17:05
  door, that's sort of. Why?
• 17:08
  At least the narrative goes, why something like the SEC even
• 17:11
  exists is to protect the moms and pops from these, you know,
• 17:16
  scammers who would, who would, you know, abuse the lack of
• 17:18
  information of their of their victims in order to sell them
• 17:23
  worthless pieces of paper. As we all know, the SEC only
• 17:27
  exacerbates the problem by institutionalizing scamming at
• 17:32
  the highest levels of society. But the fact that people
• 17:37
  scammers going to scam has has always been the case and the
• 17:40
  question is, well, you know, what do you do about it?
• 17:42
  And it sounds like you guys are on your your thesis to educate,
• 17:47
  to prevent people from getting scammed by presenting education.
• 17:52
  Yeah, man. And that's great.
• 17:54
  I think. I think Matt, you know you
• 17:55
  touched upon something there very interesting look this is.
• 18:01
  You know a war between freedom and slavery, right?
• 18:05
  You know the the future of central bank digital currencies
• 18:08
  versus a future with with Bitcoin and open monetary
• 18:13
  network. And we all have a role to play
• 18:16
  in this information war, whether it's Matt, you know developing
• 18:20
  hardware to you know to take more sovereignty over your life.
• 18:24
  Whether it's Phil and I, content creators.
• 18:28
  Nikko and Phil Jones, you know, to kind of kind of calling out
• 18:31
  the, you know, the the the evil that's going on.
• 18:34
  You know the scams, right? Everyone has a role to play.
• 18:38
  You don't need to be a coder. Find what you know, Find what
• 18:41
  you're passionate about. Give back to Bitcoin, contribute
• 18:44
  back to Bitcoin. Anybody can.
• 18:46
  But anyways, Phil, it's time for the Daily Meme review.
• 18:50
  The Daily Meme Review is brought to you by Citadel 21.
• 18:53
  It's the best Bitcoin cultural Zine.
• 18:55
  Get yourself a physical copy. There's only a.
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  Made check out the artwork, it's unique for every volume.
• 19:02
  Check out citadel21.com guys. I fucked up Matt.
• 19:06
  Does it develop hardware? I mean kinda but he mostly
• 19:11
  developed software because Embassy OS is software.
• 19:14
  So I apologize. My my mistake.
• 19:17
  But anyways, getting to the meme review we have no shame on
• 19:20
  simply Bitcoin. OK we own our mistakes.
• 19:23
  But anyways, getting to the meme review, 1st meme is brought to
• 19:27
  us by. Lim Big Lim Phil You know I
• 19:31
  can't read Limburger 3T. Don't try to correct me.
• 19:35
  Anyways, it's Bitcoin, not crypto.
• 19:37
  So thanks but no thanks. What shit coins make you think?
• 19:40
  Crypto BTC The reality Bitcoin crypto.
• 19:44
  This is so true, man. And the mainstream media wants
• 19:48
  to make you think that it's this, but in reality it's it's
• 19:51
  the orange coin baby. Next one, next meme brought to
• 19:54
  us by our buddy. BTC Sessions Bitcoiners New All
• 19:58
  time High Steve Hankey, Peter Schiff, Naseem Till have
• 20:01
  Nervervini Absolutely hilarious. And the this meme is really
• 20:07
  interesting because this foreshadowed these were the
• 20:11
  forefather. The cartoonists were the
• 20:13
  forefathers of today's memers, right?
• 20:17
  And this was a 1912 cartoon about Alfred Owen Crozier.
• 20:25
  And I might be mistaken here, the Aldrich plan.
• 20:28
  This is, this is what I read in the in the Creature from Jackraj
• 20:32
  Jacker Island. Aldrich was the senator that
• 20:36
  essentially put this meeting together with all these shady
• 20:41
  banking figures. They had this secret meeting and
• 20:44
  they came up with the monstrosity of the Federal
• 20:47
  Reserve. And some people were wise enough
• 20:51
  to understand that, right? You know, you have the US
• 20:54
  Treasury, you have the US Capitol, you have the White
• 20:57
  House, you have the New York Stock Exchange, you have the
• 21:00
  bank, you have the farm, you have the factory.
• 21:02
  Everything's just being taken. It's taken into the Federal
• 21:07
  Reserve. And then that's exactly what the
• 21:09
  Federal Reserve does when it prints, right.
• 21:11
  Even the Founding Fathers. We read you guys a couple
• 21:13
  quotes. George Washington was not a fan
• 21:17
  of central banking. Thomas Jefferson was not a fan
• 21:20
  of central banking. I'll pop up some of their
• 21:22
  quotes. But the point is, man, is that
• 21:26
  obviously the Federal Reserve, their their original, you know
• 21:30
  what, what they were meant to do is control inflation and and
• 21:33
  control unemployment. But they've been a total
• 21:37
  disaster because what they've created essentially since 1971
• 21:41
  since we got off the gold standard is they've created the
• 21:44
  continuing effect right when they print money, the people,
• 21:49
  they enrich the state and they enrich the elite.
• 21:53
  Because the rest of the rest of the US does not have the means
• 21:57
  to save an equity, save in real estate, save and hard assets.
• 22:02
  So they save in cash, right? And that cash is constantly
• 22:06
  being devalued and it gets redistributed literally from the
• 22:11
  lower class, from the middle class back to the top 1%, head
• 22:15
  back to the state, right? So that's what we're fighting.
• 22:18
  This is the fight, you know, this is the fight for freedom.
• 22:21
  But anyways, I'm going to give those memes, Phil, this really,
• 22:24
  really cool open dime pin from our friend at BTC Pins.
• 22:30
  What about you, Phil? What are you going to give?
• 22:32
  It OK, Yeah, those were epic memes.
• 22:34
  I love the 1 from 1912. I mean, that is insane.
• 22:37
  And it just makes me want to say to everybody, you have to read
• 22:41
  or listen to the Creature from Jekyll Island.
• 22:44
  Okay like that. That is absolutely mandatory
• 22:47
  reading. You know to understand what you
• 22:49
  know, how this banking system has transformed so many times.
• 22:52
  Anyways, I am giving those epic memes a very epic score.
• 22:59
  I'm giving it my reproduction the the Mystery Machine from
• 23:05
  scooby-doo that I built. I usually keep everything in
• 23:08
  mints, but this is like the one thing that I built because it's
• 23:11
  just like plastic. And you know, that's never gonna
• 23:13
  be final. That was my favorite cartoons.
• 23:16
  They were, they were super high in every single one of their
• 23:19
  episodes, bro. That's why they had the money.
• 23:21
  That's why they had the munchies the entire time, bro.
• 23:24
  What do you mean? Those snacks are perfectly
• 23:26
  normal and smoke up the smoke, the smoke coming out of the
• 23:29
  mystery. And the sandwiches that they
• 23:33
  made, those are perfectly normal sandwiches that anybody would
• 23:35
  want at any time of day. Come on, come on.
• 23:39
  Anyways, Matt, what would you give those memes?
• 23:42
  I. Have almost nothing on my desk.
• 23:50
  See, unlike us, he's actually, like, clean.
• 23:52
  Like he's like a proper desk, you know?
• 23:54
  Like what's what's left of this nice Johnny Walker Black.
• 23:59
  It's it's smooth. Strong, powerful.
• 24:04
  Just like those memes. I like it.
• 24:06
  I like that. Good and spec and fancy.
• 24:10
  But I don't think in the glass start.
• 24:12
  I'm not. Gotten that score yet?
• 24:14
  I'm a tequila man. I'm a tequila man myself.
• 24:19
  Scotch whiskey kicks my ass. I like just tequila on the
• 24:22
  rocks, you know? But anyways, guys, do you agree
• 24:25
  with our scores? Do you disagree?
• 24:27
  Let us know down in the comment section and join our Telegram
• 24:30
  group. Link us some Bitcoin memes to
• 24:32
  review because it's a Bitcoin meme review and we need memes to
• 24:36
  review. But anyways, Phil, it's time for
• 24:38
  the Daily News brought to you by Crypto Cloaks.
• 24:41
  Get yourself the best 3D printed Bitcoin merch like this 3D
• 24:46
  printed Bitcoin grenade art. Super cool stuff.
• 24:49
  Take advantage of link down below for 5% off.
• 24:52
  So I signed up for Twitter Blue. It's pretty cool because they
• 24:56
  like the threads. They'll just make it easier to
• 24:59
  read so you don't have to scroll through each individual tweet.
• 25:03
  Pretty cool stuff. Anyways, this is a very infamous
• 25:06
  tweet by Dave Troy. He just completely started
• 25:11
  attacking Bitcoin, saying all these things.
• 25:15
  It was a whole ruckus on Twitter.
• 25:17
  You know how it is guys. No one debunks this stuff on
• 25:20
  YouTube, so it falls us, falls to us on simply Bitcoin just to
• 25:25
  go through each one of his arguments and you know, give a
• 25:28
  counter argument. But anyways, Dave Troy says I
• 25:31
  can't stress this enough. The crypto attack on the dollar
• 25:35
  is not a strictly a pump and dump or grift.
• 25:38
  It's an ideological driven attack on the legitimacy of Fiat
• 25:42
  currency, the Federal Reserve and the incumbent financial
• 25:46
  system. It is the sequel to the January
• 25:49
  6th attack. I want you guys to remember this
• 25:52
  part. OK Whatever you feel about the
• 25:54
  January 6th attack, you have to you have to understand that half
• 25:57
  the country don't believe the official narrative.
• 26:01
  The January 6th attack. We are not political on the
• 26:04
  show, but I just want to point that out.
• 26:06
  Now. I'm going to connect this with
• 26:08
  this book. Remember this book, Phil, that
• 26:10
  we also covered on the show the politics of Bitcoin software as
• 26:14
  right wing extremism. OK, so he brings up a couple
• 26:17
  other points, which is it's an ideological driven attack on the
• 26:21
  legitimacy of the Fiat dollar. Bitcoin does not attack the Fiat
• 26:26
  dollar. What it does is it shines a
• 26:28
  light of truth on the Fiat dollar that is very inconvenient
• 26:33
  to them. Let's talk about legitimacy.
• 26:37
  More than 40% of U.S. dollars in existence have been printed.
• 26:42
  This goes back all the way to 1960.
• 26:45
  Check out 2020 money printer go. Bur right.
• 26:48
  Now let's check, Let's check more about the legitimacy of the
• 26:52
  of the Fiat dollar, right. This is the the Mandrake
• 26:55
  mechanism, the justification on how you know the Fed is allowed
• 26:59
  to print money, right? They offer Treasury bills, They
• 27:02
  offer, they offer bonds, they offer them to the open market.
• 27:06
  The open market buys them and then they issue cash.
• 27:09
  The problem is that no sovereign wealth fund or no one on the
• 27:13
  face of the earth has $80 billion to buy, you know, $80
• 27:18
  billion to buy, you know, Treasury bills every month.
• 27:21
  And that's how much money is being printed.
• 27:24
  So guess who buys it? the Fed themselves.
• 27:27
  So the same people that are printing the money are the same
• 27:30
  people that are buying the. But it's man, it's ludicrous.
• 27:33
  OK, so again, going back to this tweet, right, the legitimacy of
• 27:37
  the dollar, it's already, man, this is already in the grave,
• 27:42
  right? And not only to add that okay,
• 27:44
  because this is Bitcoiner stuff. Look, they're printing a lot of
• 27:46
  money. The Fed asset, the sheet Phil
• 27:51
  and I have been calling about the record amount of inflation
• 27:55
  incoming since January and all of the mainstream media has been
• 28:00
  lying about it. And the reason that Phil and I
• 28:02
  knew was because it was common sense.
• 28:05
  Check this out. Record amount of money printing.
• 28:08
  And you know what that leads to? Inflation jumped 6.2% in
• 28:13
  October. Biggest monthly rise in 30
• 28:17
  years. OK, so let's go back to his
• 28:20
  tweets. It's an ideal lot of like you'll
• 28:23
  driven attack on the legitimacy of the Fiat dollar.
• 28:25
  No, the Fiat dollar is broken in the 1st place and Bitcoin
• 28:32
  inconveniently pointed that out. So that's BS.
• 28:36
  But I want you guys to be aware of this because they will use
• 28:40
  this as an attack vector saying that you know if they're
• 28:44
  relating it to anything. Remember, anything that is
• 28:48
  against the official narrative is is an attack on democracy.
• 28:51
  We've shown you the articles from Nambu Kelly, right?
• 28:55
  Anything that is is an attack on the official narrative is
• 28:58
  related to January 6. Racism, All that PS:.
• 29:01
  Anyways, just as the January 6 was not successful, the fate the
• 29:06
  this face is serious headwinds, but as an ideological attack
• 29:10
  they are convinced their their cause is just.
• 29:13
  That's because it is Just because it's insane doesn't mean
• 29:16
  just because it's insane. Who's more insane Who is more
• 29:20
  insane? Someone that believes in the
• 29:21
  Fiat system, right, that benefits the elite and the
• 29:25
  state? Or someone who believes in an
• 29:28
  all inclusive monetary network that could give someone Bitcoin
• 29:34
  or private property in a country where they would not have been
• 29:38
  able to before. If you live in Afghanistan, they
• 29:42
  cut Afghanistan from the legacy financial system.
• 29:45
  Bitcoin works in Afghanistan? Not an issue at all.
• 29:49
  So who's the insane one anyways? Moving on, we're increasingly
• 29:54
  seeing a drum beat from elected officials and other and under
• 29:58
  undermining the legitimacy of the Federal Reserve and the
• 30:01
  dollar doubt. This is apparel.
• 30:03
  This is a revenge for the New Deal.
• 30:05
  This is just a small example. Or could it be that the
• 30:09
  incentives of Bitcoin are better than the incentives provided by
• 30:15
  the legacy financial system Anyways, moving on what they
• 30:18
  think is perfect Austrian economics and dominating The
• 30:22
  Dirty central bankers who have corrupted money and fun and
• 30:25
  finance and the Fed was created in 1913.
• 30:29
  Do not minimize this as a site, as a sideshow.
• 30:31
  This is a full frontal assault. He's correct on that.
• 30:35
  It is, and Bitcoin wins at the end.
• 30:37
  The millions of billions of people who defend depend on the
• 30:40
  stability of the current financial system.
• 30:42
  This is a total joke. What stability?
• 30:45
  Did I not just show you this? What stability is he talking
• 30:49
  about? What stability is he talking
• 30:52
  about? The record amount of money
• 30:54
  printing. This guy is absolutely insane
• 30:57
  and he calls us a cult. The millions of billions of
• 30:59
  people who defend on the stability of the current
• 31:02
  financial system. For all the talk of protecting
• 31:04
  vulnerable people from crypto land, they give zero fucks about
• 31:07
  those with 401K's. The end are and are just trying
• 31:12
  to live a dignified life in P in peace.
• 31:15
  The issue with that is that those four and one K's look at
• 31:19
  what happened in the financial crisis.
• 31:22
  You know who. You know who got bailed out?
• 31:24
  Wall Street Did you know who had to foot the bill?
• 31:27
  Main Street did. People lost.
• 31:29
  Their people lost their life savings and the bankers got
• 31:33
  bonuses. Anyways, Moving on.
• 31:36
  A hostile assault by a bunch of libertarian fascists is not how
• 31:40
  democracy's attempt to deal with shared challenges.
• 31:44
  This attack is every bit as dangerous as January 6.
• 31:47
  It's happening in stealth before everyone's eyes wake up.
• 31:50
  OK, so I want to focus on on this part.
• 31:53
  OK, he calls this fascist, right?
• 31:55
  Calls the the current you know the the Bitcoin movement
• 31:58
  fascist. And the Fiat movement is not
• 32:00
  fascist. Let's let's let's look back in
• 32:03
  time to Executive Order 6102 where FDR literally stole
• 32:09
  Americans gold and sold it. For more let's check out the
• 32:13
  article Executive Order 6102 required all persons to deliver
• 32:18
  on or before May 1st 1933, all but a small amount of Gold Coin,
• 32:23
  Gold Bullying and Gold Certificates owned by them to
• 32:25
  the Federal Reserve in exchange for $20 per Troy at per per Troy
• 32:31
  oz. The price of gold from the
• 32:33
  treasury for for international transactions was then raised by
• 32:38
  the Gold Reserve Act to $35.00 an ounce.
• 32:42
  So essentially they made people trade sound hard money gold.
• 32:49
  They gave them a lower price and in return they got a shit coin
• 32:53
  which was the dollar. And then they used the sound
• 32:56
  money and they sold it at a higher price.
• 33:00
  You know what doesn't allow them to do that?
• 33:02
  Bitcoin. So who's the fascist now, man?
• 33:06
  And if it wasn't for us at least countering his BS, nobody else
• 33:11
  will, Phil. Okay, you you know what?
• 33:15
  This guy this guy's A spook, Okay.
• 33:18
  Because this this nonsense about making Bitcoin, about politics,
• 33:24
  right? This is very dangerous to me,
• 33:26
  the fact that he keeps repeating this January 6th narrative.
• 33:30
  Like, make no mistake, the money was broken as you you showed.
• 33:34
  Clearly the money was broken long before Bitcoin.
• 33:38
  OK, the only thing that happens is, is that it was very
• 33:40
  difficult to measure how broken it was without Bitcoin.
• 33:45
  Hold on, hold on a second. OK?
• 33:48
  The reason that he's trying to frame it that way is because in
• 33:52
  Bitcoin, dude, it's unconfiscateable or it's very
• 33:56
  hard to confiscate, right? So he has a problem that the
• 34:01
  state doesn't have the ability to seize people's assets and
• 34:05
  redistribute the wealth. That's the issue that he's
• 34:08
  fundamentally having and that's why he's having a panic attack.
• 34:12
  And you can connect that with the January Six thing and that
• 34:16
  book on Amazon, how the politics of Bitcoin are right wing
• 34:20
  extremism. I'm sorry for to cut you.
• 34:21
  Off. No, it's OK.
• 34:22
  I was gonna say, like, personally, I don't give a shit
• 34:24
  what his ideals are about or anything like that.
• 34:27
  All I know is, is that he's trying to make Bitcoin about.
• 34:30
  US politicking. OK, And to me that is a weak
• 34:35
  frickin play. That is a complete weak frickin
• 34:38
  play that is designed to work. I'm sorry to say this but on
• 34:42
  like the most ignorant of people, OK, And this guy's A
• 34:45
  frickin spook. Like this guy is part of the
• 34:49
  like. This guy is part of the problem.
• 34:51
  He's not a part of the solution. And and he's proved that with
• 34:53
  what he's explaining like he's just a statist.
• 34:57
  He absolutely absolute status. Matt, do you have any thoughts
• 35:00
  before we move on to Embassy OS? Yeah, I mean, that tweet thread
• 35:07
  is obnoxious. You might call it insane.
• 35:09
  I call it tactful. If you're coming from his angle,
• 35:13
  it is intentionally designed to destroy the mind.
• 35:16
  Okay. So, you know, saying something
• 35:20
  like oxymoronic, like libertarian, fascist.
• 35:24
  Right, calling those two words are not you cannot have a
• 35:27
  libertarian fascist. That's like having a short, tall
• 35:30
  person, right? It's they're they're completely
• 35:32
  opposite ends of the political spectrum.
• 35:35
  And so to equate libertarianism and fascism serves one and one
• 35:40
  purpose alone, which is to destroy people's ability to
• 35:43
  think about politics and when, where, where a vacuum exists.
• 35:48
  It can be filled with the largest microphone, Okay.
• 35:51
  So if you just wipe everyone's brains out with this obnoxious
• 35:54
  rhetoric that makes absolutely no sense, they're ready to be
• 35:57
  filled with whoever comes across as the most authoritative
• 36:00
  person, the person wearing the suit, the person wearing the
• 36:02
  doctor's outfit, whatever it may be, because they are
• 36:05
  ideologically and intellectually incapable of defending
• 36:08
  themselves. And that is exactly what that
• 36:10
  rhetoric is intended to do. And that is just a tiny little
• 36:13
  example of this. Taking place on a much, much
• 36:16
  larger scale. Like, how many times in the last
• 36:18
  couple years have you said to yourself this is crazy, what's
• 36:22
  going on right now? It makes no sense, right?
• 36:25
  How many times have you uttered the phrase?
• 36:27
  This makes no sense. That's the point.
• 36:30
  It's not that they're idiots, it's that they're extremely
• 36:34
  competent in how to destroy concepts in order to create
• 36:38
  concepts that perform the opposite function.
• 36:41
  Vicious tactic that works against a low self esteem,
• 36:44
  uneducated populace. Man, it was beautifully pulled.
• 36:48
  And I originally come from Venezuela.
• 36:53
  So these are Marxist tactics 101.
• 36:57
  That's what they're due. They're meant to essentially
• 37:00
  incite chaos, right? And through that chaos, right,
• 37:03
  they redefine, you know, definitions, right?
• 37:08
  And you know, unfortunately, to quote Vladimir Lenin's words,
• 37:12
  right, you know, there's a lot of useful idiots that you know,
• 37:16
  buy into that thinking that these people will provide
• 37:19
  something better for them. But they never do if you study
• 37:23
  history. But anyways moving on to
• 37:25
  something more positive, guys. We taught, we touched upon this
• 37:29
  earlier, right, about how this idea that the Internet today is
• 37:35
  highly centralized. OK, so you store your data with,
• 37:39
  you know, with Google, if you're uploading to YouTube, if you're
• 37:43
  using the Signal app, right, you know you are still, you know
• 37:47
  something with the Signal servers.
• 37:49
  I don't know the technicalities of it.
• 37:51
  You know, if you want to be a little bit more private, right,
• 37:53
  you could use ProtonMail. But recently a judge did make
• 37:58
  ProtonMail give up IP addresses. The whole point though is that
• 38:02
  you're relying on someone else's server.
• 38:05
  You're you're relying when people say cloud computing, all
• 38:09
  that means is someone else's computer, right.
• 38:12
  So and with that allows the government to do right is it
• 38:17
  allows them to strong arm those people and give up that
• 38:20
  information. But we are heading into a future
• 38:24
  and Matt is on the forefront of this, where individuals to take
• 38:29
  back their own sovereignty are going to start running those
• 38:32
  servers at home themselves, right?
• 38:36
  And that's going to give the individual tremendous amount of
• 38:39
  power. That's the future that we're
• 38:41
  heading in. That's why I wanted to bring
• 38:43
  Matt on today to the show to talk about that.
• 38:46
  But first, let me give you guys a little bit of context.
• 38:49
  It's not only Matt. You do have some competition.
• 38:52
  Bitcoin personal server Developer Umbrella raises
• 38:55
  $3,000,000 in seed rounds. But the reason I wanted to pull
• 38:58
  this up is because I think this really summarizes this.
• 39:02
  The cloud doesn't exist. It's just someone else's
• 39:05
  computer. As people D cloud over this
• 39:07
  decade, personal servers will become as ubiquitous as the
• 39:11
  Internet routers today, right? And to pull up start nines
• 39:16
  website right, go back to this idea of self hosted stuff.
• 39:21
  Embassy is an elegant plug and play personal server for running
• 39:25
  self hosted software. It sits quietly on your shelf
• 39:29
  running all day and night, your own private cloud, right?
• 39:33
  So Matt, what are the benefits of this?
• 39:36
  I touched upon this in an earlier show private e-mail
• 39:40
  servers, private messaging, where it's peer-to-peer you
• 39:44
  don't have to rely on. If I send a message to fill it
• 39:48
  from me to signal servers, then from signal servers to fill.
• 39:53
  Enlighten us, man. Tell us about the future.
• 39:56
  Tell us about where this is going.
• 39:58
  This is honestly, this makes me so hopeful for individual
• 40:01
  sovereignty. As you.
• 40:04
  Mentioned, the current Internet is centralized and where it is
• 40:08
  centralized is actually not at the core of the Internet, the
• 40:11
  lower layer protocols. It's centralized primarily at
• 40:14
  the service layer, right, the service providership layer.
• 40:17
  So the apps that you use on your phone, the apps that you use on
• 40:21
  your desktop, when you visit a website, as you are doing all of
• 40:24
  these things, whenever you're text messaging, friends and
• 40:27
  family storing data, you are doing this through a third
• 40:30
  party, right? Often times one of the big four.
• 40:33
  Microsoft, Apple, Google, Amazon.
• 40:35
  There are others. But essentially what that boils
• 40:38
  down to, to kind of bring it home, is that you are asking for
• 40:41
  permission every time you want to do anything on an electronic
• 40:46
  device. And if you think about that,
• 40:49
  right, what that means is you're basically a child.
• 40:51
  You're a dependent, OK, it's like a kid raising your hand and
• 40:54
  saying, may I go to the bathroom?
• 40:55
  Adults don't do that. They go to the bathroom.
• 40:58
  You, as an adult, you do what you need to do in this world.
• 41:01
  You do not ask permission for every simple, benign, perfectly
• 41:06
  safe thing that you want to do. But that is exactly what you're
• 41:09
  doing. Every time you pick your phone
• 41:10
  up, open up iMessage or your Google messenger or even
• 41:14
  something like Telegram, you are essentially asking someone.
• 41:17
  One permission for the simple ability to send a friend, family
• 41:22
  member, significant. Other a message that says hello,
• 41:25
  you're you're raising your hand and asking permission to do
• 41:27
  that. And while you might not notice
• 41:29
  that as a negative every day of your life.
• 41:32
  At scale, this can become actually quite dangerous.
• 41:34
  And it can become dangerous because one, that information is
• 41:38
  is centralized and can be hacked.
• 41:40
  It can be requested by authorities without a warrant.
• 41:43
  By the way, the 4th Amendment does not stand up against data
• 41:47
  held on a third party server. It can be cut off.
• 41:51
  You can be censored if you become an undesirable of either
• 41:54
  the corporate entity or the government entity.
• 41:56
  You can be cut off from using this technology.
• 41:58
  And lastly, you can be frankly extorted.
• 42:01
  We don't. Don't see it now because it's
• 42:02
  free, right? Which means they're collecting
• 42:04
  your data and monetizing it. But as more and more people wake
• 42:07
  up against this and say, hey, I don't want my data collected, I
• 42:09
  don't want you to monetize my data, guess how they're going to
• 42:12
  monetize? They're literally just going to
• 42:14
  take cash. They're going to say, oh, your
• 42:15
  whole life rides on Google Cloud.
• 42:16
  Well, give us money or your life is gone.
• 42:19
  And so expect the extortion to ramp up as the privacy concerns
• 42:23
  ramp up alongside of it. So this is a disaster in the
• 42:27
  making. There is only one way out, and
• 42:29
  that is disintermediation. It is to cut out the middle men.
• 42:33
  We must eliminate middle men from our digital lives.
• 42:36
  As it stands, that is an extremely hard problem to solve.
• 42:39
  Okay because what it requires. Is not just some new app, Okay,
• 42:44
  You have to take back the infrastructure.
• 42:46
  You have to put the infrastructure in the home of
• 42:48
  every man, woman and child. Okay, children don't live on
• 42:51
  their own. They live with the men and
• 42:52
  women, but the home of families and individuals, all right.
• 42:56
  And the way that you do that is personal servers like you just
• 42:59
  showed. So we make a personal server
• 43:01
  primarily. We make a personal server
• 43:03
  operating system. Because if you're gonna have
• 43:06
  grandmas and grandpas and everyday people running personal
• 43:09
  servers, it's gonna have to be easy.
• 43:12
  Really, really easy. And currently, running a
• 43:15
  personal server is really, really hard.
• 43:17
  So start Nine and a few others, as you mentioned, are pursuing
• 43:22
  this end game of making it possible for an individual to
• 43:26
  run a personal server out of their home and then to access.
• 43:31
  All the various things they want to do on the Internet, whether
• 43:34
  it's messaging, data storage, financial transactions, whatever
• 43:37
  it is, with no trusted third parties at all, it is the Holy
• 43:42
  Grail of personal computing. It requires the construction,
• 43:45
  brick by brick from the ground up, construction of a new
• 43:48
  Internet. That's a very, very bold, grand
• 43:51
  thing to say, but it is essential.
• 43:54
  It is going to happen and if we have anything to say about it,
• 43:57
  we're going to be a big part of it.
• 43:59
  Absolutely man and and you know Phil has been telling me so much
• 44:03
  about embassy and and what you guys have been doing.
• 44:06
  I love the approach that you guys are taking and it and you
• 44:10
  know before I pass off the the last question to Phil if you you
• 44:15
  know how to crystal ball and you would say in 10 years where is
• 44:19
  this going to be and let me preface let me preface that
• 44:23
  question. The cost of hardware as as we
• 44:27
  all know gets cheaper and cheaper.
• 44:29
  The cost of data gets cheaper and cheaper.
• 44:31
  I feel like one of the the biggest constraints right now is
• 44:35
  the cost of hardware, right. The way that I see it is
• 44:39
  everyone already has a router in their house.
• 44:43
  Why can't that router also serve as a server?
• 44:46
  So why? So where is this going in the
• 44:50
  next 10 years, 20 years? How fast is this transition
• 44:54
  gonna gonna happen in? And then add a little bit to
• 44:59
  what these personal servers are going to be capable of.
• 45:02
  So for example, would I be able to send a message to Phil if I
• 45:07
  was running my own personal server and Phil was not?
• 45:11
  You can do that today with. Our device You can message
• 45:16
  friends and family or whoever you want in a peer-to-peer.
• 45:21
  Fully end to end encrypted onion, routed way as in it is
• 45:26
  you know the most private way to communicate with another human
• 45:30
  being across time and space that has ever existed.
• 45:34
  We can make that claim now. It is has been possible before
• 45:39
  us, but it required a high degree of technical expertise.
• 45:42
  What we have done is taken the barrier to entry down.
• 45:46
  So you can do that today. I do that today.
• 45:50
  We have, you know, personal cloud storage so that you don't
• 45:53
  have to use things like Dropbox. We have Matrix, which is a
• 45:56
  peer-to-peer messenger such that you can create groups of friends
• 46:00
  or DM's without any third party involvement.
• 46:03
  Fully encrypted, Onion routed the whole deal.
• 46:05
  Mastodon you can host your own social media server so that way
• 46:08
  you can post things and literally there's nobody on
• 46:11
  earth that could possibly take it down or kick you off the
• 46:14
  platform. Now those are largely ghost
• 46:16
  towns. Not a lot of people hang out in
• 46:17
  these decentralized social media platforms.
• 46:19
  But that'll change over time as centralized social media
• 46:23
  providers abuse their their power more and more.
• 46:27
  You can run a Bitcoin node. You can run a lightning node,
• 46:29
  which gives you full financial sovereignty.
• 46:31
  Nobody can tell you no to spending your money.
• 46:34
  It's sort of the corollary to not your keys, not your coins,
• 46:37
  right? This is the not your server, not
• 46:38
  your data, and not your access either.
• 46:40
  If you're not running your own server, somebody can just refuse
• 46:42
  to broadcast your Bitcoin transaction.
• 46:44
  You'll have to find somebody else who won't refuse.
• 46:47
  So personal servers here, they're working.
• 46:50
  They're great. It's going to get better and
• 46:51
  better and better. We have a massive release coming
• 46:53
  out in a few weeks. That is a total game changer.
• 46:56
  We're already in the lead here. You had brought up Umbrole
• 47:00
  before. They have absolutely been taking
• 47:02
  their cue from us from day one. Everything they've come out
• 47:04
  with, we came out with almost a year before.
• 47:07
  We're ahead. We're better.
• 47:08
  We're not as good at marketing. They're absolutely better at
• 47:10
  marketing than us, but we're about to step that game up too,
• 47:13
  so don't worry. But anyway, it all works.
• 47:16
  It's all here. You had mentioned routers, so
• 47:20
  you're right, everyone already has a router in their home.
• 47:22
  There's no way that existing routers in people's homes are
• 47:25
  going to be mutated to also be personal servers.
• 47:28
  However, we can accomplish the inverse.
• 47:30
  Personal servers can very easily be made into routers, so that is
• 47:35
  the direction we're going in. In the future, embassies, if
• 47:39
  they're even called that by the time we come out with this
• 47:42
  particular product, we'll also service as your home router.
• 47:46
  So you'll have a personal server and a router all in one.
• 47:50
  And then that's just the beginning, because we all know
• 47:53
  what's coming, right? Like what does the future hold?
• 47:55
  Go look at a scifi movie. Do you see people sitting there
• 47:59
  and typing at computers and making their own coffee?
• 48:01
  No. You see them doing things in the
• 48:04
  air and drones flying around and robots making coffee.
• 48:08
  Who is going to control the smart future?
• 48:10
  The smart home future is your thermostat, your door locks?
• 48:14
  Your your vacuum cleaner? Are they all going to be plugged
• 48:18
  into a third party cloud that could suddenly turn them against
• 48:21
  you, or turn them off or lock you out of your home?
• 48:24
  Right we are. This is no longer like Google's
• 48:26
  reading my emails. I don't like it.
• 48:28
  This is like Google controls the locks to my home and can kill me
• 48:31
  if they want to okay. It's a much darker potential
• 48:35
  future, and if you walk into a boardroom at Google or Apple, I
• 48:39
  guarantee you that's exactly what they're talking about.
• 48:42
  That is exactly the future they want to build, where they are in
• 48:45
  control not only of your data and your communications, but of
• 48:48
  your physical space and being. And the governments want it too,
• 48:52
  because through Google and Apple they can also control.
• 48:55
  So the only way out of this? Is what we have come to refer to
• 48:59
  as sovereign computing, computing that is fully
• 49:03
  disintermediated and not dependent on any third parties,
• 49:07
  and it extends to IoT devices. There is no reason at all that
• 49:11
  in the near future. By the way, I'm not talking
• 49:13
  about 10 years from now. I'm talking.
• 49:15
  You know a a order of magnitude less than that.
• 49:18
  We will be selling a video camera, for instance, where
• 49:21
  you'll be able to plug a surveillance camera up in your
• 49:24
  home or outside your house and in a matter of minutes have that
• 49:28
  camera syncing footage to your personal server, which can then
• 49:33
  be viewed from anywhere in the world by you and you alone.
• 49:36
  So you can start to build out your smart home without the
• 49:40
  involvement of third parties. That's what we are doing as a
• 49:43
  company. Phil, did I call the router
• 49:45
  thing or did I call the router thing?
• 49:47
  I called that a year ago, Bro. The router was an.
• 49:50
  Absolute like it that that occurred to us very early on and
• 49:55
  you have to build incrementally. You can't just have the farm
• 49:58
  because you want the farm. You got to build it piece by
• 50:00
  piece. And we know where we're going.
• 50:03
  We have a strong vision. We have a great team and and
• 50:06
  we're going to get there piece by piece.
• 50:08
  Absolutely, man. And we're super, super happy
• 50:11
  that you're on the side of freedom, man.
• 50:13
  I'll just say that, Phil, you want to tie it up?
• 50:17
  Yeah, yeah, actually, you know. What it doesn't even matter what
• 50:19
  my question was anymore because you got me so bullish on on the
• 50:21
  product. But I just want to say that I, I
• 50:23
  do love, you know, I love my embassy node that was, you know,
• 50:27
  I got it a long time ago. And yes, the user experience for
• 50:31
  that thing like you guys, you guys were definitely the first,
• 50:33
  you know, the first to have the marketplace and everything like
• 50:36
  I. You know, as soon as I saw that,
• 50:38
  I was like Okay. You know, when I saw Umbrella
• 50:41
  did it, I'm like okay. So I know where they got this.
• 50:44
  But yeah, it is, it is by far the one of, by far the easiest
• 50:48
  user experience that I had to set up a note especially for
• 50:51
  that level of privacy. Okay, like it was absolutely
• 50:55
  simple and really a really a joy.
• 50:57
  So a lot of people don't get the user experience right.
• 51:01
  But my question to you is. In the and again I haven't done
• 51:05
  an update in a long time but do you guys find that do you guys
• 51:08
  support the the the hard drive, the the SSD you know that's
• 51:12
  that's coming with? 0.3.0 which is the the huge
• 51:17
  milestone release we've been working on for going on 8 months
• 51:20
  now. We are about four months behind
• 51:23
  when we originally anticipated it might be ready.
• 51:28
  And it's just huge. It just it grew on us.
• 51:30
  It scope creep set in. But man oh man, we demoed it at
• 51:35
  the Atlanta Bitcoin Conference last week.
• 51:37
  So it is in a demo. Live demo.
• 51:40
  State ready? It's not fully packaged and
• 51:44
  ready to go out the door yet, but The thing is close and it
• 51:47
  really is a game changer. Not only does it add external
• 51:50
  drive support, which gives us all the power that we were
• 51:53
  lacking before, it was really the one benefit that something
• 51:56
  like Umber or my Note had on us was this ability to run a full
• 52:00
  archival note and just the speed that comes along with SSD
• 52:02
  support. But you know, no, no big deal.
• 52:19
  Super bullish. We we got that now.
• 52:07
  But it really was a rewrite of the operating system.
• 52:10
  It is, it is fast, is performing.
• 52:12
  It's clean. It's just it's beautiful, man.
• 52:15
  You're gonna love it. Super say it was already.
• 52:20
  Super Bullish, Awesome, Super Bullish and.
• 52:23
  You guys remember what? Remember what I've been saying.
• 52:26
  Guys take sovereignty back on each level.
• 52:31
  It is not this. It's not just good enough to
• 52:34
  take your sovereignty back on a financial level.
• 52:37
  Starts taking sovereignty back on every other level.
• 52:41
  Do not become dependent on third parties.
• 52:45
  That's a point of weakness. That being said, filled there
• 52:48
  was an open source software release today.
• 52:51
  Why do you tell everybody about it?
• 52:52
  Software releases Software releases is brought to you by
• 52:57
  Cypher Safe. Check them out Cypher safe dot
• 52:59
  io physical stainless steel products to stop you from losing
• 53:03
  your Bitcoin and terrible situations.
• 53:05
  The link is down below in the show notes we've got Hexa wallet
• 53:09
  version 2.0 dot zero that is a Bitcoin wallet that I've yet to
• 53:13
  try out. There's so many Bitcoin wallets
• 53:15
  I haven't tried out. The links down below in the show
• 53:16
  notes. Check it out.
• 53:18
  Awesome. Thank you, Phil.
• 53:19
  All right guys, I want to give a shout out to our awesome guest.
• 53:22
  He blew our minds today. Man, this is taking back
• 53:26
  sovereignty on another level. You can go give him a follow at
• 53:30
  under score Matt Hill, under score.
• 53:33
  Definitely give at start Nine Labs a follow and check out
• 53:38
  start9.com, a personal server for everyone.
• 53:43
  Bitcoin, lightning, messaging, data, social.
• 53:47
  Take back your sovereignty on every single damn level guys.
• 53:52
  That was our show. If you enjoyed the show, you
• 53:54
  know what to do. Smash the like button.
• 53:57
  And of course, if you want to continue hearing the Bitcoin
• 54:00
  news from the people at Perspective and the catastrophic
• 54:03
  fails, Ethereum is apparently part of the World Economic Forum
• 54:07
  now. Definitely consider subscribing
• 54:09
  to simply Bitcoin and we will see tomorrow guys for another
• 54:12
  episode. Take your sovereignty back.
• 54:14
  It's. Time for Bitcoin?