Latest / Simply Bitcoin / BREAKING: Tim Pool ADMITS he's a Bitcoiner | EP 927

Transcript

BREAKING: Tim Pool ADMITS he's a Bitcoiner | EP 927 · Simply Bitcoin

• 0:04
  It's. All going to zero against
• 0:06
  Bitcoin. It's going up forever.
• 0:16
  You're. Against Bitcoin, you're against
• 0:18
  freedom. Yeah.
• 0:24
  Welcome to another episode of Simply Bitcoin Live, your number
• 0:27
  one source for the peaceful Bitcoin revolution of breaking
• 0:29
  news culture. Matic Warfare will be your guide
• 0:31
  through the separation of money and state.
• 0:34
  Very interesting. The Overton window continues to
• 0:37
  shift. Very popular content creators
• 0:40
  that are not within the Bitcoin echo chamber continue to talk
• 0:44
  about Bitcoin. It seems like Tim Poole, one of
• 0:46
  the most popular broadcasters or podcasters on the face of the
• 0:50
  planet. He's literally saying like I'm
• 0:52
  happy I bought Bitcoin right? And this is something that Max
• 0:55
  Keiser shout out to him to give him credit started like a decade
• 0:58
  ago. You know he tried to give 10
• 1:00
  those, you know supposedly those 10,000 Bitcoin to Alex Jones
• 1:04
  right. He was trying to orange pill tin
• 1:06
  pull from the very beginning but you know number go up does
• 1:09
  something very interesting and I've noticed this after a while.
• 1:11
  It's going to be my 8th year in Bitcoin.
• 1:13
  And what I've noticed is you tell people, you know, four or
• 1:17
  five years ago, right, And they don't really listen the first
• 1:19
  time, but then they start to listen when the number goes up
• 1:23
  because you planted that seed. And then they remember, like,
• 1:25
  holy crap, Nico told me five years ago, this thing is going
• 1:29
  up and then they convert, right? So number go up, does its thing,
• 1:33
  right? You, you just got to plant the
• 1:35
  seeds, really. So this very interesting.
• 1:37
  We're going to talk about that today.
• 1:39
  We have all the data and then of course Gary Gensler getting
• 1:43
  grilled by the legacy media. So a government official, right.
• 1:47
  This is like this is crazy. Bitcoins incentives are are
• 1:50
  winning it's it's so funny when you have BlackRock on your side,
• 1:54
  the conversation changes but you know you you, you literally saw
• 1:59
  Gary Gensler getting grilled on the legacy media and usually
• 2:02
  you'd never see this. Usually the legacy media is very
• 2:05
  friendly towards, you know, the government narrative or or
• 2:08
  government talking points. So I found that very
• 2:11
  interesting. So we're gonna get into all this
• 2:13
  today. It's gonna be a great
• 2:15
  conversation. We also have a very special
• 2:17
  guest joining us as well. We have McShane.
• 2:20
  Thank you so much for joining us, man.
• 2:22
  Appreciate you coming back on the show.
• 2:26
  Great to be here, man. I'm excited.
• 2:28
  Love what you guys do. It's been a minute and of course
• 2:30
  my legendary he's smiling today, so it's gonna be an incredible.
• 2:33
  Show Dude, I smile every morning, bro.
• 2:35
  You just catch me at the wrong. Time.
• 2:36
  No, no. Sometimes you just got like
• 2:38
  straight face. And when it's a straight face,
• 2:41
  it's just it's. Gonna be a bad day.
• 2:43
  It's gonna be a good day. It's a.
• 2:44
  Bad omen. It's a bad omen.
• 2:46
  Anyways, we're gonna talk about during the culture, homie.
• 2:49
  Yeah, so McShane of course Head of programming at the Bitcoin
• 2:52
  conference. So we'll touch on that a little
• 2:54
  bit, but we kind of teed up a pretty cool conversation for
• 2:57
  Bitcoiners out there. You know we are in price
• 3:00
  discovery mode. We're trying to get the new
• 3:02
  Bitcoiners on board, get their mine rights going into this bull
• 3:05
  run. So we're going to kind of touch
• 3:07
  on that and then move into what we can look forward to at
• 3:10
  Bitcoin conference, you know Bitcoin Asia, Bitcoin Nashville.
• 3:13
  So I think we got a solid show, but we will kind of touch on the
• 3:18
  ideas of like what new bitcoiners should do.
• 3:20
  Because I this is basically why I do the show as well is because
• 3:25
  I made every single mistake when I got into Bitcoin and I just
• 3:28
  somehow survived it. And this is the point of the
• 3:30
  show, is to make sure that people minimize the mistake.
• 3:33
  So I think Mcshane's gonna drop some sauce for us today.
• 3:37
  I'm I'm super excited for this one.
• 3:39
  Yeah, 100%. All right, ladies and gentlemen,
• 3:41
  no more delay. Let's jump straight into it.
• 3:43
  We have a lot to talk about. Let's check it out.
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  At the time of recording the Bitcoin price is 52,170 stats
• 5:33
  per dollar under 2000. SATS is 1917 block height
• 5:37
  830,605 blocks to having 9395 having estimate April 19, 2024
• 5:45
  Total Lightning network capacity 4789 Bitcoin capacity value
• 5:50
  249,000,000 U.S. dollars. Realize monetary inflation
• 5:55
  1.75%. The market capitalization of
• 5:58
  Bitcoin $1.02 trillion Bitcoin versus gold market cap 7.43%.
• 6:06
  In the grand scheme of things Bitcoin is just getting started.
• 6:09
  Quick ETF update. I have AI have a feeling that
• 6:13
  the change in tune from the legacy financial media probably
• 6:17
  has to do with the fact that BlackRock currently holds
• 6:20
  109,000 Bitcoin. The Fidelity ETF is holding
• 6:25
  82,000 Bitcoin. And just to kind of give you
• 6:27
  guys a reference point, took Michael Saylor really four
• 6:32
  years, 3 1/2 years to stack 190,000 Bitcoin BlackRock in a
• 6:37
  matter of months, like in a matter of month of a month and
• 6:41
  1/2 they stacked 109,000 Bitcoin.
• 6:44
  We were, we were telling you guys yesterday about the
• 6:47
  incoming supply shock. They're buying more Bitcoin that
• 6:52
  is being released onto the market daily.
• 6:54
  And not to mention the having is basically in 60 days or so.
• 6:58
  So, you know, it looks like all the stars are aligning and you
• 7:03
  know, I'm incredibly bullish. Anyways, it's things.
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  Very interesting things happen when BlackRock is on your team,
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  right? One of those things is the
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  legacy financial media changes tune a little bit.
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  Here is Gary Genzer that absolutely drop the effing ball
• 7:20
  with the ETF approval, right? You know the the the the SEC,
• 7:26
  Twitter got hacked. They didn't follow their own
• 7:30
  procedures about enabling to FA. One of the tweets was really
• 7:34
  ironic, 'cause it said like, don't trust any information
• 7:37
  unless it comes from the SEC. And the hacked tweet was
• 7:40
  basically the Bitcoin ETF got approved.
• 7:43
  Then Gary Genzer went out to say, yeah, that tweet did not
• 7:47
  come from us, it was compromised.
• 7:49
  Then the next day they said, in fact, it actually was approved.
• 7:54
  And throughout this whole process, the whole point of the
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  SEC, you know, is to prosecute or to go after market
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  manipulation. They manipulated the F out of
• 8:04
  the market by not enabling the two FA themselves, right?
• 8:07
  So anyways, so here is Gary Genzer going on CNNBC and it's
• 8:11
  just interesting, it's an interesting conversation.
• 8:13
  So I'm going to play it. It's about 3 minutes and then
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  we'll, we'll talk about it. Let's check it out.
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  By regulation. Is is that the problem, though?
• 8:20
  It's not necessarily Bitcoin the underlying asset, but more the
• 8:23
  froth and the potential for fraudsters to use it that has.
• 8:28
  Well, this is a field, Becky. That's been rife with fraud and
• 8:32
  manipulation. And look at all the bankruptcies
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  and you've you've had on this set people talking about those
• 8:37
  various bankruptcies and it's not just one entity, it's entity
• 8:41
  after entity after entity and then investors are just lining
• 8:45
  up in the bankruptcy court. What do you make of this goes to
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  the underlying piece of this. You've heard Jamie Dimon say
• 8:53
  that he would close it down, that basically Bitcoin is.
• 8:57
  You've seen the comments, right? It's not just that you closed
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  down that you would say it's, you know, used by drug dealers
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  and used by folks who are doing all sorts of illicit and
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  terrible things. There's very few things that
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  trade today that people talk about like that.
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  Now there are obviously frauds and things that happen, but
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  maybe not like this. Like the dollar is like 100
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  times more. I know that's your perspective,
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  but I'm just curious how you think about that.
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  But that's true though. This is how much has been money
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  laundered with Bitcoin. This is how much.
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  This is Bitcoin. This is dollar.
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  Yes, Joe, look, here's the Jamie Dimon quote.
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  The only true use case for it is for criminals, drug traffickers,
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  money laundering, opinion and tax avoidance.
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  I know, but we have a guess. His opinion.
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  We have a guest. Joe, what is your opinion and
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  what is your opinion? That we have something trading
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  on the exchange for the public that has this type of use case
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  at least as as described by the president of one of the largest
• 9:55
  financial institutions in the company.
• 9:57
  It's the leading market share in ransomware and that's publicly
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  known. You know, it's the it's the, the
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  token of choice for ransomware. Joe, if I can say the US dollar,
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  the UR or the yen, you have the whole society using it as a
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  medium of exchange. We buy our cups of coffee as I
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  see here. We get paid in dollars or yen or
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  euro and you have a whole central bank and support for one
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  currency generally per economic region that we don't have here.
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  So there is a very real economic difference is part of part of
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  the attraction since it's decentralized and you can't
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  have, you can't have a profligate central bank, it's
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  not that decentralized. I know you're saying because of
• 10:44
  the ETS, but really it's not decent and everything because
• 10:48
  look how finance tends towards centralization since antiquity.
• 10:53
  So what do we have? We have a handful of three to
• 10:55
  six core so-called crypto understand.
• 10:59
  But the asset itself, the way that the distributed Ledger
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  right that's how the Ledger and how many times do you have
• 11:06
  people on this show that say I want to invest in something
• 11:09
  because how the books and records are kept.
• 11:12
  I mean Joe really it's just an accounting Ledger a clever it's
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  a Ledger that everyone has that everyone has and can't be double
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  counted. It's almost immutable.
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  That's why people think it has and you trust it more than an
• 11:26
  Oracle database or you. Trust A.
• 11:30
  Lot of the Bitcoin Bold say they trusted a lot more than and in
• 11:34
  the central bank that that that that enables the the fiscal
• 11:38
  authorities to spend money to the tune of $33 trillion that's
• 11:42
  that's everybody's investment choice but.
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  Dude, Mick. Shane, you want to hit this
• 11:49
  first? Oh man, it's so nice to see.
• 11:54
  It's so nice to see that on mainstream television, man and
• 11:58
  look at how they try to goad you into more trust.
• 12:01
  Look at our look at our central banks.
• 12:03
  Look at the look at all the the magical backing and people you
• 12:07
  have backing the US dollar and you know they're absolutely
• 12:11
  correct. We don't.
• 12:13
  The one thing I would say is we it's not that we trust.
• 12:16
  With Bitcoin you can you can verify you can minimize all
• 12:19
  these third party trust relationships and verify
• 12:22
  everything everything yourself and take personal responsibility
• 12:27
  for your wealth and have you know money that actually
• 12:31
  performs the function of savings. 100% And it it's so
• 12:37
  like the IT it it, you know, what's interesting too is that
• 12:40
  he taught a class on Bitcoin and he's very well informed on the
• 12:45
  matter. And now all of a sudden that he
• 12:47
  has, you know, a government job. All of a sudden he's there
• 12:53
  defending the current system, which he does terribly because
• 12:57
  all he relies on, his arguments are just like there's a central
• 13:02
  bank, everyone uses the dollar, everyone's comfortable with it
• 13:04
  all. But he's not making the case as
• 13:07
  to why the dollar is better. He's not arguing against what
• 13:12
  that other gentleman that anchor was saying was basically like,
• 13:15
  look, I like the reason that people are attracted to Bitcoin
• 13:18
  is because they don't trust the central bank.
• 13:20
  He has no excuse. He has no reasoning to that.
• 13:22
  Like he he has no explanation. He has no argument against that.
• 13:26
  But you know, McShane, we, we've been in Bitcoin for a little
• 13:30
  bit. Could you have ever have
• 13:31
  imagined this five years ago? Like, you know, this is crazy
• 13:35
  how far we've come. I was wondering what the
• 13:40
  transition would look like and I'm just, I'm amazed at actually
• 13:45
  how UN hostile it's been. That's a pretty like, that's a
• 13:51
  pretty lame attempt by Carrie to dissuade people from using
• 13:55
  Bitcoin. Once BlackRock and these
• 13:57
  institutions are are behind it, I mean they're they're going to
• 14:00
  have to change their tune. I'm curious to see where it goes
• 14:05
  from here, man. I think my biggest fear is still
• 14:08
  that the hostile attack vectors will come in the form of on
• 14:11
  ramps and off ramps. So I'm just kind of waiting to
• 14:13
  see that play out. You already see that in the UK
• 14:16
  cracking asking users to provide physical addresses for wallet
• 14:21
  addresses which no one in their right mind should comply with,
• 14:25
  by the way. Yeah, it's the the.
• 14:28
  So I get what you're saying. I completely agree.
• 14:30
  I think there's going to be two attack vectors.
• 14:32
  The attack vector #1 is the, you know, the attack on Bitcoin
• 14:36
  mining, which I don't think will be successful because the
• 14:38
  incentives are just too great. But then the attack on self
• 14:41
  custody itself and then they come up with the words unhosted
• 14:44
  wallet. I've never read that word that
• 14:46
  that word's not in the white paper.
• 14:47
  That's a creation by by bureaucrats, right?
• 14:51
  Yeah, yeah, it absolutely is. And it's it's hilarious because
• 14:55
  that's just it just it brings the surveillance state into the
• 15:02
  light. I mean, it's just no, we want to
• 15:04
  know everything. We want to know what you're
• 15:05
  thinking. We want to know these 12 to 24
• 15:07
  words. We know where you are at any
• 15:10
  given time. We need to know where all your
• 15:12
  money is at any given time. And people sort of, they know
• 15:17
  this in the back of their heads that they're making this trade
• 15:19
  off convenience. They're trading off their
• 15:22
  privacy for convenience. But I think with bitcoiners,
• 15:26
  especially new bitcoiners going forward, this will be the first
• 15:29
  time they really have to reckon with that and make decisions
• 15:32
  about, you know, where they get their Bitcoin, how they store
• 15:35
  their Bitcoin, are they willing to resist peacefully and not
• 15:40
  comply with with the the laws that are coming our way?
• 15:43
  I mean, the laws that are going to make all three of us and
• 15:45
  everyone in the audience criminals haven't been written
• 15:47
  yet. Yeah.
• 15:49
  And you you have no doubt that that because I I see that
• 15:52
  inevitable clash coming as well, right?
• 15:55
  I I I think the two systems are completely incompatible.
• 15:59
  You see this with current US sanction policy, how they
• 16:02
  weaponize the dollar if there's an open monetary network.
• 16:05
  Right. And you know there's a system of
• 16:07
  which you know a bureaucratic elite control.
• 16:10
  I don't think those two systems can coexist because people are
• 16:14
  just obviously gonna choose the open monetary network every
• 16:17
  single time. Which makes Bitcoin obviously,
• 16:20
  you know it. It's it makes it prone to
• 16:23
  attack. The politicians are gonna
• 16:24
  villainize it. You hear the rhetoric coming out
• 16:26
  of Elizabeth Warren. She's tried to use the Wall
• 16:29
  Street Journal a couple times, basically saying that, you know,
• 16:32
  this is being used to circumvent U.S. sanctions, right.
• 16:35
  So we've heard that rhetoric as well.
• 16:38
  So, but you are convinced, you are convinced that there is
• 16:41
  going to come a point where you know of clearly the ETFs are
• 16:45
  captured Bitcoin. Clearly that that's prone to a
• 16:48
  six 102, right? That's clear.
• 16:50
  It's clear as day. But do you believe that it's
• 16:53
  inevitable that they just villainize or criminalize self
• 16:57
  custody altogether? Yeah, 100%.
• 17:01
  I think it's it's the same temptation that there is with
• 17:05
  money printing. It's just no no person in power
• 17:08
  could resist that that data and exerting that control.
• 17:13
  Because what it comes down to is you know their favorite form of
• 17:18
  of robbery taxations. You're gonna have a hell of time
• 17:22
  collecting from addresses that they can't tie identities to.
• 17:28
  So they're they're gonna clamp down on that.
• 17:29
  They're gonna arrest all of our our our favorite hosts and
• 17:32
  developers of mixing software as many of them are already not
• 17:35
  allowed to come to the United States or too terrified to.
• 17:39
  So I I I hate to be a a pessimist, but I think it's
• 17:43
  gonna get more challenging before it gets better on that
• 17:45
  front. And do you think they'll let us
• 17:47
  stream from the Gulags, McShane? Like, do you think they'll, you
• 17:52
  know, do you think we'll be able to, you know, it'd be a pretty
• 17:55
  cool show. What do you think we should call
• 17:57
  it? Simply Gulags.
• 17:59
  Simply gulags. Yeah, the the Bitcoin
• 18:03
  archipelago. Yeah, we're we're going to live
• 18:08
  to eat the end, man. That would be great.
• 18:11
  Well well to be fair Nico, the gulags will be the best place to
• 18:14
  be at cause all the cool people will be there.
• 18:16
  So, you know, it might, it might be a good time.
• 18:18
  I don't know. They'll put the.
• 18:19
  Bitcoiners all in the same bunk. And then, bro, if you put us all
• 18:23
  in the same bunk together, I mean like all in the little
• 18:25
  gulag house together, we're definitely going to figure out
• 18:28
  how to get Internet. Like or get out of the gulag.
• 18:33
  The greatest Have you guys seen that movie, by the way?
• 18:35
  Yeah, great movie. That movie's incredible.
• 18:38
  You haven't seen the great scene?
• 18:40
  The Great Escape. McShane hasn't seen McQueen.
• 18:43
  Amazing. Yeah, it's.
• 18:45
  An old movie, but it's incredible.
• 18:46
  It's essentially like World War 2US prisoners of war trying to
• 18:52
  escape German POW camps. And it's incredible.
• 18:56
  It's an old movie, but it's a classic.
• 18:58
  Anyways, uh Opti, what's your take on on UH on Gensler?
• 19:02
  Yeah. So like you guys were saying and
• 19:05
  I'm I'm, you know, might might reiterate some of the stuff, but
• 19:08
  it is very interesting to see Gary Gensler squirm on Squawk
• 19:12
  Box considering that he did teach a course at MIT on Bitcoin
• 19:17
  and quote UN quote blockchain. And I think Chris, our boy Chris
• 19:20
  Alamo hit the nail on the head when he says Gary Gensler wants
• 19:23
  to be the Treasury Secretary. So he has to bend the need to
• 19:26
  get that. And we're seeing this happen in
• 19:28
  real time and shouts out the Joe Kern.
• 19:30
  He is by far my favorite Bitcoin podcaster ever.
• 19:34
  He's such a legend. Just love to see him put Gary
• 19:37
  Ganzer feet to the fire. It's such an awesome thing to
• 19:40
  see, you know? I'm not.
• 19:41
  I don't watch news, I don't watch corporate press.
• 19:43
  But every time I see Joe Kern, it's just it's always a great
• 19:47
  clip. And then you know some of the
• 19:49
  things that Gary Genser said there, like Gary Genser's a big
• 19:52
  blocker confirmed like McAfee purchases like.
• 19:55
  What? What year?
• 19:56
  Are we in? We're going back in time with
• 19:58
  this Bitcoin FUD. It's absolutely incredible.
• 20:01
  And there was a point there and McShane touched on that and I
• 20:04
  and I want to hit on it as well because we were talking about it
• 20:06
  yesterday. You know Gary Genser said that
• 20:08
  Bitcoin is quote UN quote centralized because of the few
• 20:11
  exchanges. And remember last year when we
• 20:14
  were covering Choke .2, Point O like all year.
• 20:17
  And this is kind of what Gary Ganser was saying there.
• 20:19
  He's like, look, you can shut down Bitcoin if you shut down
• 20:22
  the on and off ramps. And we've been talking about
• 20:24
  this constantly. And he basically just like slid
• 20:27
  over that and just kind of slid that in there and was like,
• 20:29
  yeah, you know, like, hey, Bitcoin can be shut down because
• 20:32
  of exchanges. Now it's very interesting.
• 20:35
  Obviously, I think he's doing a little bit of gaslighting here
• 20:38
  because if he did study Bitcoin, then he knows that exchanges do
• 20:41
  not equal the Bitcoin network at large.
• 20:44
  And so, you know, Gary, yes, this is, you know, I don't even
• 20:49
  want to use the word trust. But like, This is why we like
• 20:51
  Bitcoin, because it is, it is a decentralized accounting Ledger
• 20:55
  that anyone can opt into, that everyone can survey on.
• 20:58
  Everyone can audit if they run a node.
• 21:00
  Like This is why we love Bitcoin.
• 21:02
  And yes, Gary, we do trust Bitcoin way more than in Oracle.
• 21:06
  Like what, what kind of what? What is he even talking about?
• 21:09
  You can just tell that he really does want that job as a Treasury
• 21:13
  Secretary. And again, just using that word,
• 21:16
  trust, like I don't like to use it, but we trust Bitcoin because
• 21:22
  we can verify the network with our nodes.
• 21:24
  This is a feature, not a bug Gary.
• 21:27
  And you can just tell that he is kind of a yeah, yeah, that's a
• 21:33
  great way of saying it. But you know at times for a
• 21:36
  while they're sorry Mitchell, not to cut you off last point.
• 21:38
  Like at times I was kind of leaning towards the idea that
• 21:41
  Gary Genser is a maxi and hence why he took so long to delay the
• 21:44
  spot Bitcoin ETF so that, you know, we don't have to prove all
• 21:47
  these shit coin ETFs. But now, yeah, you know, I've
• 21:53
  asked the question before on the show like who is Gary playing
• 21:56
  cover for? And I I think it's becoming very
• 21:58
  obvious that he's, he's playing cover for someone and you can
• 22:02
  read between the lines here, but McShane jump in.
• 22:05
  I was just going to say that that Gary's in a lose, lose
• 22:08
  position here. He's going to have egg on his
• 22:10
  face for the rest of his life and he's this is unwinnable
• 22:14
  battle he's been trying to forge and balance.
• 22:16
  He's been trying to find and I don't know if you will see him
• 22:19
  become Treasury Secretary. I think it's more likely he gets
• 22:24
  you know goes to the private sector.
• 22:26
  I believe in the past he wanted he tried to join the finance
• 22:29
  board. I mean he's he's definitely
• 22:32
  interested in getting in on the side of light and good, but I
• 22:37
  don't know what it is that keeps him working for the government,
• 22:39
  to be honest. Yeah, but it it it's it's it's
• 22:42
  it's interesting, 'cause you know it.
• 22:44
  It's like we know he knows better, but because of his job,
• 22:48
  he's willing to lie. And then that goes to a bigger
• 22:51
  question, which is if the government, you know, the the
• 22:55
  old Abraham Lincoln, you know, quote or speech, right?
• 22:58
  Like if it's a government by the people, for the people.
• 23:01
  But clearly under central banking and Fiat, I don't think
• 23:05
  it's a government by the people, for the people.
• 23:07
  I think it's a government by the government for the government as
• 23:10
  long as there's a central bank. I I I really see that.
• 23:13
  And and you see it the way that Elizabeth Warren behaves, the
• 23:16
  way that Gary Gensler behaves like even if there's an
• 23:20
  alternative system that will benefit the vast majority of
• 23:24
  Americans, he's willing to argue for the system that benefits the
• 23:28
  politicians in the bureaucratic elite right, which I find very
• 23:31
  interesting. But you know, I love Bitcoin in
• 23:34
  that in in that sense that, you know, it exposes incentives.
• 23:37
  And I think you know that interview it was, it was no
• 23:40
  different. It was exposed.
• 23:42
  I want to I want to double down on your meme there.
• 23:46
  The government that we are currently find ourselves in is a
• 23:49
  government for the shadow government, not for the people.
• 23:53
  The administrative state, I mean, it's not really shadow
• 23:55
  government. It's the administrative state.
• 23:56
  It's right up, right up in your face.
• 23:57
  Speaking of it, I made this meme.
• 23:59
  What do you mean we don't control the media anymore?
• 24:01
  It's interesting what happens when you have Black Rock on your
• 24:04
  side. All right, guys, no more delay.
• 24:05
  Let's jump straight into the news.
• 24:07
  We have a lot to talk about. Let's check it out.
• 24:08
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• 26:34
  Right, Nico, wait, we before you go, I don't want to cut you off,
• 26:37
  but guys, smash the like button. We have over 400 people on
• 26:40
  YouTube, Twitter and Rumble, you know, Shouts out to every single
• 26:43
  one of us. Let's push this content.
• 26:44
  We love you guys. All right, go, Nico.
• 26:46
  Yeah, Smash, dude, we forgot. We forgot to say it yesterday.
• 26:50
  Yeah, so if you guys are watching the show, Smash the
• 26:53
  Smash the like button really helps with the algos.
• 26:56
  If you're watching us on Rumble on X on YouTube, just smash,
• 26:59
  Smash, smash the like button. OK, so I do want to talk about
• 27:03
  this idea. This idea is called politics is
• 27:06
  downstream from culture, that to change politics one must first
• 27:11
  change culture. I think it's a really, really
• 27:13
  important idea. I do want to read the rest of
• 27:15
  this quote because the reason why Steve Bannon was interested
• 27:19
  in this is because he believes in the idea of the Bright Bright
• 27:22
  doctrine, which is that if you want to change politics, you
• 27:25
  first have to change culture because politics flows from
• 27:28
  culture. If you want to change culture,
• 27:30
  you have to 1st understand what the units of culture are and the
• 27:34
  people are the units of culture. So if you want to change
• 27:37
  politics, you first have to change people to change culture.
• 27:41
  Breitbart considers this idea an important one and often spoke of
• 27:45
  it in interview or cited in print.
• 27:47
  Now Breitbart and Steve Bannon are very divisive figures, but I
• 27:51
  do believe in this idea that if we, if we want to win the
• 27:55
  peaceful Bitcoin revolution and referencing Corey Clipson's
• 28:00
  article, right, the bright orange future, we need an
• 28:03
  intransigent minority in the United States.
• 28:06
  You need a a group of people, right?
• 28:08
  Roughly, you know, 10 million people in the USA, percentage of
• 28:11
  people that are immovable when it comes to Bitcoin.
• 28:15
  So if there's any anti Bitcoin legislation right it it's
• 28:19
  impossible to pass. And think about it basically
• 28:22
  like the gun laws in the US, right?
• 28:24
  A lot of people hate guns in the US but because such a large
• 28:28
  percentage of the population own guns, it's incredibly difficult
• 28:32
  to pass anti gun legislation. So if we wanna stay in the US,
• 28:36
  if we wanna hold it down as a first generation American, and
• 28:40
  Opti and I were talking about this before we went on air, you
• 28:43
  know, I still, I was sold on this idea that, you know, this
• 28:46
  is the land of the, you know, land, home of the brave, land of
• 28:49
  the free. Clearly it doesn't look like it
• 28:52
  anymore. I'm a little bit more bullish on
• 28:55
  the global S these days. You know, go back to Latin
• 28:58
  America. So be it.
• 28:59
  But I'm going to try to hold it down.
• 29:00
  We're going to try to hold it down in the US for as long as
• 29:03
  possible. And if we want to do that, we
• 29:05
  have to take over the culture. And what bitcoiners have to
• 29:07
  understand, ladies and gentlemen, is that we are in an
• 29:11
  information war. We really are.
• 29:13
  And I'm going to quote this amazing article dropped by our
• 29:19
  friends over at Bitcoin Magazine, written by the
• 29:22
  President of El Salvador, Nayeem Bukele.
• 29:24
  And the very bottom This is something that we've read to you
• 29:27
  guys many, many times, right? Says the most vocal detractors,
• 29:31
  the ones who are afraid and pressuring us to reverse our
• 29:33
  decision of the world's most powerful elites and the people
• 29:35
  who work for or benefit from them.
• 29:37
  They used to own everything. In a way they still do the
• 29:39
  media, the banks, the NGOs, the international organizations, and
• 29:42
  almost all the governments and corporations in the world.
• 29:44
  And with that, of course, they own the armies, the loans, the
• 29:46
  money supply, the credit ratings, the narrative, the
• 29:49
  propaganda, the factories, the food supply.
• 29:51
  They control international trade and international law, But their
• 29:54
  most powerful weapon is the control of quote the truth,
• 29:59
  right. So we are a narrative trench
• 30:01
  warfare. We have to win over the hearts
• 30:03
  and minds of people. We have to convince them that
• 30:06
  it's not left versus right, right.
• 30:08
  It's not red versus blue. It's, you know, it's the party
• 30:12
  of green, the party of Fiat, central bank, digital
• 30:14
  currencies, nihilism, poverty, slavery versus the party of
• 30:18
  orange, the party of freedom, prosperity, optimism, hope,
• 30:21
  opportunity. That's really the battle at
• 30:24
  hand. And to win that battle we must
• 30:26
  win over the culture. This is something that we try to
• 30:28
  do it simply Bitcoin. And of course, you know, our
• 30:31
  friends over at Bitcoin Magazine do this as well with their
• 30:34
  incredible conference inviting. You know, Vivek Ramaswamy, Tulsi
• 30:39
  Gabbard, RFK Junior, Jordan Peterson made an appearance.
• 30:43
  I think it was Bitcoin 2022. So it's those types of
• 30:46
  individuals that are outside of the Bitcoin echo chamber and
• 30:50
  they have massive followings outside of the Bitcoin echo
• 30:54
  chamber that are these are massive cultural figures, they
• 30:57
  have a big voice. So when they say something like
• 31:00
  CDC's are bad and Bitcoin is good, they have a much wider
• 31:05
  audience than us Bitcoin content creators that really make
• 31:09
  Bitcoin content for other bitcoiners.
• 31:11
  So this is Tim Poole. We've talked to you guys about
• 31:14
  him before and he's fully orange pilled at this point.
• 31:17
  He's a bitcoiner at this point, you know, he was told, I mean
• 31:21
  I'll I'll read you his tweet from himself, you know, read it
• 31:24
  from the horses mouth itself. I forget how you say that
• 31:27
  expression precisely, but you know something's crazy.
• 31:33
  When you were first told about Bitcoin and Bitcoin was at a
• 31:37
  dollar or a couple cents and you don't listen and you wait and
• 31:42
  then you see it at 52,000, that tends to convert you very, very
• 31:46
  quickly. And that's something that, you
• 31:49
  know, he started to admit yesterday.
• 31:51
  And I'm sure because he finally bought in, he finally listened,
• 31:54
  right. This is some, this is someone
• 31:55
  who was told by Max Kaiser I think like a decade ago.
• 31:59
  So here's Tim Poole, massive following on YouTube, multiple
• 32:03
  channels with over millions of subscribers on Twitter.
• 32:06
  He's a massive personality. This is a big cultural figure in
• 32:10
  the US. He's one of the biggest podcast
• 32:12
  right now, mainstream podcast. So he goes on to say your one
• 32:16
  year return on Bitcoin is about 133%.
• 32:19
  Your five year return on Bitcoin is 1163%.
• 32:23
  Your 10, excuse me, your 10 year return is 15,937% USD.
• 32:32
  Ten year return is -30% Ladies and gentlemen, that is him being
• 32:37
  orange pilled and here's him describing the story.
• 32:41
  I first got into Bitcoin in 2011.
• 32:42
  It was about $0.70. I sold about 20 Bitcoin when it
• 32:46
  hit $20 and I was stoked. Bitcoin skyrocketed after that.
• 32:51
  I remember thinking, damn, when it hit $100 and eventually I
• 32:55
  thought, fuck it, maybe I missed the train on this one, but I'll
• 32:59
  just buy a bunch. Anyway, Bitcoin is now $51,000.
• 33:04
  I am very happy. And ladies and gentlemen, this
• 33:07
  is what happens, right? And look, just because we're at
• 33:10
  52,000 and a lot of people might be thinking the same thing, just
• 33:14
  just look into the past, right? If you don't learn from the
• 33:17
  past, you're destined to repeat it, right?
• 33:19
  You know, 52,000 in 10 years when Bitcoin sitting pretty at a
• 33:24
  couple $1,000,000 is going to look like $20.
• 33:28
  It's going to look like $0.70. So yeah, it might be a massive
• 33:32
  number psychologically, but you got to look at the past if if
• 33:35
  you don't want to repeat it. So this is a big deal.
• 33:38
  This is a big cultural figure that, you know, that's that's a
• 33:42
  bitcoiner. And he's going to continue
• 33:44
  advocating for Bitcoin. Not only on his Twitter, he's
• 33:47
  done that on his very, very popular show as well on the Tim
• 33:52
  Cast IRL. He's basically said when the
• 33:56
  First Republic Bank failed, he's like, look, these banks are
• 33:59
  going to crap. I'm just happy that I have
• 34:01
  Bitcoin right. If more mainstream figures say
• 34:04
  that, you know, Tucker Carlson, also a huge advocate of Bitcoin,
• 34:08
  RFK Junior, also a big advocate of Bitcoin.
• 34:10
  The more people do that, the more we went over the culture.
• 34:14
  The more we went over the culture, we're not going to have
• 34:16
  a problem with the one with with the politics and the monetary
• 34:18
  demons like I like to call them. Anyways, here's a clip from his
• 34:22
  very famous podcast referencing the subject.
• 34:25
  You later seized First Republic Bank and struck a deal to sell
• 34:29
  the bulk of its operations to JP Morton Chase and Co, heading off
• 34:34
  a chaotic collapse that threatened to reignite the
• 34:37
  recent banking crisis. Yet dude, you stuffed a lot of
• 34:40
  toilet paper in the hole. I don't think you're you're
• 34:43
  stopping the waters. JP Morgan said it will assume
• 34:46
  all of First Republic's $92 billion in deposits, insured and
• 34:50
  uninsured. It is also buying most of the
• 34:53
  bank's assets, including about $173 billion in loans and $30
• 34:57
  billion in securities dollars. JP Morgan's going to blow up.
• 35:02
  What? How can you assume loans?
• 35:04
  Bad loans from bad bank. They're trying to slow this
• 35:08
  thing down. As part of the agreement, the
• 35:10
  Federal Deposit Insurance Corp will share losses with JP Morgan
• 35:13
  on First Republic's loans. You see, there they go.
• 35:16
  The agency estimated that it's insurance fund would take a hit
• 35:19
  of $13 billion in the deal. JP Morgan also said it would
• 35:22
  receive $50 billion in financing from the FDIC. the US government
• 35:27
  is propping up this deal because the system is imploding.
• 35:32
  I can't tell you what to do. I'll tell you what I'm going to
• 35:36
  do. I'm, I'm, I'm about Bitcoin.
• 35:38
  I already got some. I've been buying some recently.
• 35:41
  That's all you got to know. That's all you got to know.
• 35:43
  Now connect that with like you. See, people watch that.
• 35:46
  How many people watch? That dude, his video, he gets
• 35:49
  like 250,300 thousand 500,000 views per episode.
• 35:53
  And the fact that he said that now, okay cuz we gotta connect
• 35:56
  the dots. We're on simply Bitcoin after
• 35:58
  all. Connect that with the legacy
• 35:59
  financial media and literally him destroying Gary Gensler
• 36:03
  because Gary Gensler was trying to feed him the BS.
• 36:05
  People are sick and tired. The echo chamber is breaking.
• 36:09
  We are winning. We are.
• 36:10
  We are making progress. This is what it's all about.
• 36:13
  This is what winning over the culture is all about.
• 36:15
  This is what winning over the hearts and minds is all about.
• 36:18
  So take agency. Take action.
• 36:21
  It's up to you, the individual. Spread the orange gospel.
• 36:24
  It's not left verse, right? You know, don't get lost in the
• 36:28
  sauce with the divide and conquer strategy of these
• 36:30
  politicians. Really.
• 36:32
  Bitcoin is a great unifier. So tell people, Listen guys,
• 36:35
  it's not, it's not the Democrats, it's not the
• 36:37
  Republican. It's it's the money that's
• 36:38
  broken. If you fix the money, you fix
• 36:40
  the world. All right, I'm going to pass it
• 36:41
  on to McShane first. McShane, what are your thoughts
• 36:44
  on this? I know you guys do incredible
• 36:47
  work at Bitcoin Magazine with the Bitcoin conference to really
• 36:50
  get these individuals outside of the Bitcoin echo chamber to talk
• 36:56
  at the conference. And I know that you guys planned
• 36:58
  the conference this year strategically around two other
• 37:03
  certain types of two other conferences.
• 37:06
  I don't know if I don't know if you know what I'm referencing.
• 37:11
  No. What do you mean?
• 37:13
  It's what Nolan always says. So, so Nolan was saying.
• 37:15
  But basically, it's the Bitcoin Conference is in between the
• 37:18
  Democratic convention and the Republican convention, and the
• 37:22
  Bitcoin conference is right in the middle.
• 37:24
  This is a huge opportunity this year to have real conversations
• 37:28
  that are uncensored with politicians.
• 37:31
  And I don't want to, I don't want to leak any, you know,
• 37:33
  speakers we haven't announced yet, but those conversations
• 37:36
  will be happening in Nashville this year, right, between the
• 37:38
  R&C&D&C, interesting enough. It's so beautiful to see the
• 37:43
  network effect play out in full force, like as the price rises.
• 37:48
  I mean this, this sort of game theory of Bitcoin is something
• 37:51
  that's it's not only a prediction, like it's a truth.
• 37:54
  You can watch it. There are many examples of it
• 37:56
  throughout our society. And one small example of such is
• 38:00
  I used to have to chase Tim Poole to try to hey, you know
• 38:03
  come to the conference, let's let's figure something out.
• 38:05
  Come to your show at the conference.
• 38:07
  It never really worked out in the past.
• 38:09
  This year they came to us. So he's he is, yeah, yeah, yeah.
• 38:13
  He's getting he's getting excited about Bitcoin, which is
• 38:17
  great to see. It's good for everybody, even if
• 38:20
  they're you're just one of those 250,000 viewers of one episode
• 38:23
  and you get your first touch point.
• 38:26
  I think we all remember our first, second, third touch
• 38:28
  points with Bitcoin. Some people take hundreds, some
• 38:31
  people take just, you know, a dozen little interactions with
• 38:34
  it throughout their life. But you got to remember, most
• 38:36
  people have no idea what what it really is.
• 38:41
  They don't have a very deep understanding of it.
• 38:44
  So getting it just in front of their face as many times as
• 38:47
  possible, I mean, we've got to be our own marketing campaign
• 38:50
  here. So it's great to have Tim on our
• 38:52
  side. 100 percent, 100% Well, I'm, I'm glad that you you
• 38:56
  dropped that little nugget because that's and it's so
• 39:01
  obvious. It's so obvious too.
• 39:03
  But anyways, Opti, what's your take on this dude?
• 39:06
  We have been covering this for quite quite a while now.
• 39:09
  Almost a year on simply Bitcoin and just to watch him, you know,
• 39:13
  cuz he's basically saying like yeah, I bought Bitcoin.
• 39:16
  But over a year and a half ago when when you and I first
• 39:19
  started covering this Opti, he wasn't as convinced, right?
• 39:22
  He was a little bit skeptical. It only took a bank breaking and
• 39:27
  Max Kaiser trolling him publicly on Twitter.
• 39:31
  You know, for him to really, really convert fully and fully
• 39:35
  accept the orange pill. So what's your take, Opti?
• 39:38
  Yeah, well, absolutely love it. Love to see it.
• 39:40
  And that nugget that McShane just dropped on us, that's very
• 39:44
  interesting and absolutely love to see it because we've been
• 39:46
  saying for a while, you know, I I fundamentally think that
• 39:49
  anyone that is actually in tune with what's going on can
• 39:54
  identify the problem. But very few people are talking
• 39:57
  about the solutions and now, you know, Tim Poole is a very
• 40:00
  popular broadcast. And if he's talking about the
• 40:02
  solution, even though he kind of framed like, I can't tell you
• 40:04
  what to do, I know what I'm going to do.
• 40:06
  Like it just you love to see that signal start to spread out
• 40:09
  in every Ave. And I've been saying that this
• 40:12
  is one of those things that I think people are really
• 40:14
  underestimating. Moving in towards this year and
• 40:17
  the next year is just how much Bitcoin has saturated popular
• 40:21
  culture. Because look, unfortunately many
• 40:24
  people have turned their brains off and just look for
• 40:26
  influencers and the experts to make life decisions.
• 40:30
  So culture is super important, hence why we name one of our
• 40:33
  segments, the daily culture, so that we can propagate what we
• 40:36
  believe is not only the best culture, but a culture that will
• 40:41
  make you guys rich, healthy and informed.
• 40:44
  Like this is the whole point of this show.
• 40:45
  I want you guys to be top tier humans and we bring on a bunch
• 40:49
  of interesting people. We cover popular culture at
• 40:53
  large and always angle this and funnel this through a Bitcoin
• 40:57
  lens. And so look, I don't listen to
• 40:59
  Temple much, but I do recognize that he has a huge platform and
• 41:03
  people do listen to him. So you know, it's absolutely
• 41:07
  great to see him basically say, look, I'm doing this and the
• 41:10
  250,000 plus viewers are also now thinking, oh wow, you know,
• 41:14
  I respect Tin Pools views on everything else.
• 41:18
  Maybe I should get some Bitcoin. So you know, Temple is a
• 41:22
  political commentator. So hopefully he will continue to
• 41:25
  talk about the solutions AKA Bitcoin, and not just always
• 41:28
  talk about the problem, but personally Niko, like this is a
• 41:32
  great development that we're seeing and I think we're going
• 41:34
  to see more and more people go this route because look, we say
• 41:38
  it all the time. There is no way to vote out of
• 41:41
  this position we're in unless you're voting with your money
• 41:44
  like number go up is the best incentive but you know it means
• 41:49
  that we have to also be vigilant and that we're not just here for
• 41:53
  the Fiat games. Hence why we tell you guys to
• 41:55
  run the nodes custody your Bitcoin plant the seeds of
• 41:57
  freedoms and your friends and family and this is how we win
• 42:00
  the popular culture but guys like as Tim Poole kind of notice
• 42:04
  and and reference like number go up makes our jobs that much
• 42:07
  easier. And then and finally we get that
• 42:09
  one or two years where we're not just the crazy idiots to our our
• 42:12
  friends and family were the geniuses.
• 42:14
  So you know This is why we're going to talk about in the
• 42:16
  culture with McShane did not really lose our heads here but I
• 42:20
  I already tell you guys I'm going to get stupidly bullish
• 42:23
  and I'm going to do my best to like not get overly bullish.
• 42:27
  But you know this is this is my original sin as a bitcoiner.
• 42:30
  I just get so excited when we talk about Bitcoin and the price
• 42:33
  goes up and I can finally, you know, flex on my friends and
• 42:36
  family like I'm a genius, but you know, stay.
• 42:39
  Humble. I'm trying to stay humble.
• 42:40
  I'm trying to stay humble. So, so yeah, it it, you know,
• 42:45
  but it it's interesting what number go up.
• 42:47
  Technology does. And you know, this isn't just
• 42:50
  Tim Poole anymore. I played you that clip of that
• 42:53
  was him, you know, when the the the Republic Bank collapsed.
• 42:57
  But now you have the financial media, you know, going against
• 43:00
  government officials that are literally going up to bat with
• 43:03
  Bitcoin and saying, yeah, I mean, I think central banking's
• 43:06
  a scam. Like I think this Bitcoin thing
• 43:09
  is good you know, so we've definitely made progress but
• 43:13
  we're not there yet. We haven't won.
• 43:15
  We haven't won until there's a Bitcoin flag flying over the
• 43:18
  Federal Reserve in Washington DC Well when flying over the
• 43:21
  Capitol almost and and we make it into we're gonna talk about
• 43:25
  that tomorrow but and we make it into a museum anyways ladies and
• 43:28
  gentlemen before we get to the culture and speak with our guest
• 43:31
  today McShane I do want to give a shout out to our sponsors.
• 43:35
  They're they're the they're the Bitcoin companies that make this
• 43:38
  show possible. So first, I do want to give a
• 43:41
  shout out to Bitcoin evangelism, planting the seeds for the
• 43:44
  decentralized revolution. This is a book by Brian de Mint
• 43:48
  and it's an absolute beast of a resource for orange Pilling, no
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  who know Bitcoin but have a hard time explaining it to their
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  friends. It's a book for Bitcoiners who
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  are trying to explain Bitcoin only to all coiners.
• 44:02
  You could scan the QR code on your screen.
• 44:04
  It's available on Amazon for you to purchase right now.
• 44:07
  I highly, highly recommend it. All right everybody, let's get
• 44:10
  to the culture. Let's do it.
• 44:11
  Here we go. The Daily Culture.
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• 45:03
  All right, Opti. Hey Nico, yours.
• 45:04
  Say it one more time. Say it one more time.
• 45:07
  You know it's it's kind of like a funny story how we got that
• 45:10
  sponsor. We like we were at a mining
• 45:12
  conference. I forgot what it was, what was
• 45:13
  called. It's just called the Mining
• 45:15
  conference and Opti and I, we we like, we set up like a a
• 45:18
  podcasting thing and we literally said kaboom racks like
• 45:21
  200 times. I was in all Kaboom Rats merge
• 45:24
  shouts out to Alex. They were just like, giving it a
• 45:26
  head stickers all over me and we're just like, kaboom.
• 45:29
  We're just like Kaboom Racks and like, can we sponsor you guys?
• 45:31
  We're like, OK, sure, love it. That's that's where the Kaboom
• 45:35
  Racks guys trolled me and said that Opti is their favorite.
• 45:39
  E thought so. Anyways, that's a totally other
• 45:41
  story. Oh.
• 45:43
  Man, I've got, yeah, Boom Rex, I've got Kaboom, Rex Miners.
• 45:47
  I'm very, very happy with that company.
• 45:49
  And they might have the best merch in Bitcoin that, But
• 45:52
  again, that's another story. All right, McShane, let's let's
• 45:55
  go into the conversation that we were talking about before we
• 45:58
  went live. I did have a tweet here and I'm
• 46:02
  not going to pull it up, but it's basically the idea you
• 46:04
  tweeted, I think it was yesterday.
• 46:06
  You're like, guys, do you know what happens after the price
• 46:09
  goes up? And I asked you before, what
• 46:10
  exactly were you talking about, McShane?
• 46:12
  And then we'll go into what you think people should be be doing
• 46:15
  so that they don't burn themselves this bull run.
• 46:19
  Yeah, I think, I think partly just antagonistic to ask that,
• 46:25
  but also I think it's an important question.
• 46:28
  It's one I didn't ask myself when I encountered, you know,
• 46:30
  the first, my first Bitcoin bull run.
• 46:33
  Like the plan was, let's get as much Bitcoin as possible, you
• 46:39
  know, And I didn't really, it took me a while to think, OK,
• 46:43
  how do I secure this? It took me a while.
• 46:45
  The problem is the, the, the position that the dollars in
• 46:48
  kind of forced us all to become somewhat amateur capital
• 46:52
  allocators. So you have to start thinking in
• 46:55
  terms of risk and trust. You started to buy your first
• 46:59
  Bitcoin and I'm speaking to new retail entrance from like 2020
• 47:04
  beyond you. You know you've started to
• 47:06
  accrue some savings in Bitcoin. How do you take trust out of
• 47:09
  that relationship Maybe you, you know get get out of the ETF, get
• 47:14
  in the spot get off exchange. Are you running your own node.
• 47:17
  If you're not running your own node you're you're you, you
• 47:19
  don't know how much Bitcoin you have.
• 47:20
  I'm sorry you know are you do you have a multi sig?
• 47:25
  Is your security for your Bitcoin scaling in some
• 47:30
  proportion to you know the value that you're trying to secure
• 47:34
  there. So I like to you know we give a
• 47:37
  good 5% thinking about security for my bitcoins.
• 47:40
  Not advice just it's just the number I use.
• 47:42
  So am I, you know checking my hardware and software do I have
• 47:49
  a a geographic plan are you going to arbitrage jurisdictions
• 47:54
  if if the laws in the states become untenable for big corners
• 48:00
  that really want to have a trustless relationship with
• 48:04
  their funds. If not you should.
• 48:08
  I mean you should think you should think long term about
• 48:10
  about it might be hard to fathom but you can get there.
• 48:13
  You know you can pick up and and and move somewhere else or at
• 48:17
  least have another place that you can go should things get so
• 48:19
  far as you know you're you're you're being forced to dox your
• 48:24
  your receive addresses to the government with with real you
• 48:28
  know where your bitcoins actually at.
• 48:31
  So I don't know. There's a lot on my mind when it
• 48:35
  comes to that. There's a lot to be prepared
• 48:36
  for. There's a lot to learn.
• 48:38
  It's really daunting. Always recommend small steps but
• 48:41
  the two most basic things I think you need to cover are risk
• 48:45
  management. You don't want to over leverage
• 48:47
  yourself. People get crazy and start
• 48:49
  levering, you know, up. You know, mortgage your house to
• 48:53
  buy more, more Bitcoin. But you don't want things to get
• 48:59
  clawed back from you. You don't want to leave your
• 49:01
  Bitcoin on any third party platform.
• 49:05
  So you got to cover the basics before you start to, in my
• 49:08
  opinion, allocate a percent of your savings.
• 49:13
  That's in my cold storage, untouchable Bitcoin.
• 49:16
  A small percent of that, or, you know, depending on how
• 49:19
  conservative you are, you can start allocating to maybe some
• 49:22
  riskier plays if you feel the need to try to get more Bitcoin.
• 49:26
  It's controversial. Everybody's everybody's
• 49:28
  different. This is just the way I see it.
• 49:30
  Love it? Yeah.
• 49:31
  And on that note, like we are entering price discovery mode,
• 49:35
  you know, it's number go up only season.
• 49:38
  So what would you recommend to the new entrance into the
• 49:41
  Bitcoin space? Like how how can they stay
• 49:43
  grounded? You know, 'cause we like I, I
• 49:45
  jokingly said. Like, I know I'm already going
• 49:48
  to be losing my mind, so I'm trying to, like, pre empt myself
• 49:50
  so that I can stay grounded during this bull run.
• 49:55
  I would say, look, I think we're at 15 K sometime in the summer
• 50:00
  or maybe before that. So me, everyone in the chat, you
• 50:04
  know, we're we're all sitting here up nearing, I don't know,
• 50:10
  200% more. You know, we're doing very, very
• 50:13
  well. You're going to experience a day
• 50:16
  where you you walk into a restaurant to eat and you you
• 50:20
  come back out and your net worth's cut in half and that's
• 50:24
  going to freak you out. And I just asked people to
• 50:29
  mentally prepare for that are are you, are you overextended?
• 50:33
  I mean there there may be a, you know you you need.
• 50:37
  The fact is you you kind of need some cash to navigate this world
• 50:42
  the way that it is. Now if you're if you're in the
• 50:44
  United States, you need some some, some U.S. dollars.
• 50:47
  So you want to make sure you have a little bit to make it
• 50:50
  through and just that you're you're financially planning in a
• 50:52
  way that maybe you haven't before.
• 50:56
  The the the most fun part of this is figuring out where can
• 51:01
  you maximize your cash inflows as a person.
• 51:05
  Are you are you picking up a second job?
• 51:06
  Are you doing freelance work? Are you doing.
• 51:08
  I used to do free work for bitcoiners on the side, just to
• 51:11
  kind of learn the industry and and hope that it would lead to
• 51:15
  kind of expertise that people would be willing to pay for in
• 51:17
  the future and that that always pays off to to to to make good
• 51:21
  connections with people in the space like that.
• 51:24
  And then where are you minimizing your expenditure?
• 51:28
  We all have room to cut things, unnecessary things out of our
• 51:32
  life to promote savings. And this is where you get into
• 51:35
  the really fun cultural side of Bitcoin.
• 51:38
  That's like, I'm only going to eat meat, you know, no more seed
• 51:40
  oils, no restaurants, no Fiat. I'm not taking any cruises this
• 51:45
  year. You know, I'm going to cut down
• 51:46
  on vacations. And it's just that's the point
• 51:49
  where you really start to see Bitcoin affect the behavior of
• 51:52
  people psychologically and I think ultimately make them more
• 51:57
  resilient, stronger class and eventually probably like ethnic
• 52:03
  group of people just in the way that you don't the the
• 52:05
  intermarriage between Republicans and Democrats over
• 52:08
  the years just goes down and down and down.
• 52:11
  So you basically have, it's not just a culture war, it's it will
• 52:14
  become kind of a ethnic plotline war between people in that way.
• 52:20
  I don't think, I don't think bitcoiners are going to be able
• 52:22
  to, you know, share a household in the same way broadly with
• 52:26
  people who are not on board with this mission of freedom and kind
• 52:30
  of trustless living and self sovereignty.
• 52:32
  Because it requires a bit a lot more work, you know, a lot more
• 52:36
  work on your end to custody your own wealth.
• 52:38
  I complete So I really agree with that.
• 52:40
  I you know and I have I live in the most Fiat city in the world,
• 52:45
  Miami. And you know a lot of my no
• 52:50
  corner friends who I grew up with.
• 52:51
  You know and you never forget your high school friends like
• 52:54
  you never forget the people that you know, your friends that you
• 52:57
  had in your early teens, late teens, early 20s.
• 53:01
  You know this is some of the best memories of your life and
• 53:03
  you never forget those memories, right.
• 53:06
  Things change as you get older and we are operating literally
• 53:11
  on a different system. I I view the world completely
• 53:14
  differently than they do. They're still operating on the
• 53:18
  Fiat mindset and us bitcoiners are operating on a completely
• 53:23
  different mindset. And I I I think it just has to
• 53:26
  do with you know the money that we choose to use the operating
• 53:30
  system that we're on versus the operating system that they're
• 53:33
  on, right? The Fiat operating system
• 53:35
  incentivizes short term thinking, you know, bad health
• 53:39
  choices, You know, again, I live in Miami, so I feel like I'm,
• 53:43
  I'm in this surrounded by, you know, this type of behavior
• 53:47
  where I'm at. And I think Bitcoiners are, you
• 53:50
  know, totally different breed of people.
• 53:52
  They're thinking about the future.
• 53:54
  You know, they're thinking about, you know, setting up
• 53:56
  Citadel's. They're thinking about, you
• 53:58
  know, eating healthy. They're thinking about, you
• 54:01
  know, starting families, right. That's Miami's terrible for
• 54:05
  that. You know, like most of the girls
• 54:06
  I grew up with, you know, they're they're they're about to
• 54:09
  hit their 30s, you know, and then then the, you know, they're
• 54:13
  kind of like I have to find a husband.
• 54:15
  You know it's it's it's it's pretty crazy.
• 54:17
  You know it's pretty crazy the the starch contrast between you
• 54:23
  know bitcoiners and no coiners to put it, to put it nicely.
• 54:29
  So I completely agree with your take, McShane.
• 54:32
  So Opti, I do see something that you have.
• 54:35
  Pulled yeah, yeah before before we go that we'll we'll finish it
• 54:38
  up with Bitcoin conference. I wanted to touch on something
• 54:42
  because I I did tee up McShane and and just to make it clear
• 54:45
  guys what happens after the price goes up is it usually
• 54:48
  comes down South. Prepare yourself accordingly.
• 54:52
  But I do want to ask you one quick question because I did
• 54:54
  bring this up last week and we did get some some people that
• 54:58
  were wondering what's your thoughts on the best practices
• 55:01
  for UTXO management? Labeling your UTXOS is very
• 55:07
  useful just to keep track of where they've been and I I I
• 55:13
  think that everyone should have two stacks.
• 55:16
  I think you should. I think you should be mixing
• 55:20
  coins that you'd prefer to retain privacy and have sources
• 55:26
  of non KYC non know your customer.
• 55:29
  Coins that you can keep separate from stacks you know that your
• 55:34
  crew from places like cash app and Strike that are required to
• 55:39
  turn your information over to the government.
• 55:42
  I think it's useful to have both because we are entering a world
• 55:45
  where you you you can spend Bitcoin out and about and and
• 55:49
  and there's really no problem with using your KYC stack to do
• 55:54
  so and you can you can use that stack for things like maybe you
• 55:59
  need to take out some sort of Fiat denominated loan in the
• 56:02
  future and you you you choose to use some Bitcoin as collateral.
• 56:06
  They might not accept mix coins. There's like some kind of game
• 56:10
  theory problems in the future, but the more of us that that
• 56:12
  makes our coins, the bigger that anonymous UTXO set, the better
• 56:18
  for everyone. You know, the more privacy we
• 56:20
  retain and the more purchasing power we accrue.
• 56:26
  So I would, I would say keep your stacks, keep your stacks
• 56:29
  separate, learn good UTXO management, learn the trade-offs
• 56:34
  of consolidating and not consolidating your UTXOSI think
• 56:37
  a lot of people are learning that recently with the increased
• 56:42
  fees as SAT's per virtual bike goes up.
• 56:45
  You have to have kind of a plan here because you know your point
• 56:48
  OOOOO 2 UTXO Bitcoin is not going to be spendable at a
• 56:57
  certain point with the way with the ways that fees could rise.
• 57:02
  So you might want to consolidate the trade off there as you're
• 57:05
  obviously, you know kind of flagging to the world this is,
• 57:09
  this is a little bit bigger of a honeypot, a little bit bigger of
• 57:11
  an address and you're compromising the sources of all
• 57:17
  that funds and kind of unifying them into one.
• 57:20
  So you just you want to keep good, take good care, take good
• 57:23
  notes of where you got your your, your Bitcoin from and keep
• 57:26
  your stats, stacks, your KYC and non KYC absolutely separate.
• 57:31
  Love it. Love it.
• 57:32
  OK, all right. So for everyone out there,
• 57:35
  McShane is head of programming at the Bitcoin Conference.
• 57:39
  You guys have Bitcoin Asia coming up soon.
• 57:42
  Everyone, probably our audience will most likely be at Bitcoin
• 57:46
  2024 in Nashville. So I don't want to put you on
• 57:49
  the spot here McShane, but what are you most excited about?
• 57:53
  And what can the audience expect at either Bitcoin Asia or
• 57:57
  Bitcoin 2024? You can pick whichever one you
• 57:59
  want to rant on. Interesting.
• 58:04
  I think Bitcoin 2024 honestly is is, you know, it's beyond the
• 58:09
  halving. So I'm not really sure what's
• 58:11
  going to happen. It's going to be an insane
• 58:13
  celebration anyway you dice it. If you look historically, 6 to
• 58:17
  18 months after the halving, the Bitcoin price absolutely
• 58:22
  explodes. That's like the only reliable
• 58:25
  kind of metric in my mind that you can use to economically plan
• 58:29
  around stacking. I think it's going to be a a
• 58:35
  celebration, but a place also where we're going to have some
• 58:38
  difficult conversations. You're going to see this kind of
• 58:43
  monetary maximalism and platform maximalism.
• 58:48
  Ideologies play out a little bit and come to a head.
• 58:52
  We've all seen this this big kind of war on like spam or
• 58:57
  censorship. However, you want to call it
• 58:58
  inscriptions and Bitcoin as just a perfect money that doesn't
• 59:03
  need to change, that doesn't need to incorporate the features
• 59:06
  and kind of utility sets of other tokens.
• 59:11
  It's it's a super interesting debate.
• 59:14
  I have my thoughts on the future of this.
• 59:16
  I mean however you want to dice it, we are living in a multi
• 59:19
  chain world, right? So one of the interesting things
• 59:23
  about Bitcoin Asia is that world really doesn't that that that
• 59:27
  kind of Bitcoin only world. That's not really a lens over
• 59:30
  there there. There aren't really groups of
• 59:32
  people that are advocating for Bitcoin, only Bitcoin
• 59:35
  maximalism. You know, I'm not really sure
• 59:41
  why that is, why it hasn't taken hold there.
• 59:43
  But what it does is allows you to kind of think realistically
• 59:48
  like, OK, what is the future of Bitcoin development?
• 59:52
  It seems that we are at least some contingent of bitcoiners
• 59:55
  are interested in bringing on the feature sets in a way that
• 59:59
  doesn't compromise the underlying auditability and
• 1:00:03
  security of Bitcoin. Like the Nakamoto consensus, We,
• 1:00:06
  I think everyone agrees we don't want to change that.
• 1:00:08
  We don't want to fuck up Bitcoin.
• 1:00:10
  Just have smart contracts or something.
• 1:00:12
  So the question becomes like how do we build on layer twos and
• 1:00:15
  threes and what are we going to do when all these people come?
• 1:00:18
  I, I, I honestly, I find it really odd that people are so
• 1:00:21
  hostile to inscribers. Even if I don't agree with what
• 1:00:29
  they're doing, I don't feel that I have the right to exercise
• 1:00:34
  judgment over how they spend their their Bitcoin, right.
• 1:00:37
  That's that's kind of the whole point.
• 1:00:39
  So it's just a it's a very heated landscape.
• 1:00:42
  And I'm excited to have some of these arguments out on stage and
• 1:00:47
  see how people's minds change as the price rises.
• 1:00:51
  And we do get more and more people coming to put their
• 1:00:54
  fucking NFTS on Bitcoin, but they're also running their own
• 1:00:57
  nodes, teaching others to run their own.
• 1:00:59
  I mean, these are real things that are happening, so yeah.
• 1:01:05
  So Mega Bull Run Bull Run Conference confirmed.
• 1:01:09
  Yeah yeah mega bull run conference.
• 1:01:11
  I mean this is always how it is. It's yeah it'll this one and and
• 1:01:17
  and perhaps the year after are going to be absolutely huge
• 1:01:20
  depending on how the how the price comes.
• 1:01:22
  But the the other interesting cultural clash is this new field
• 1:01:28
  of bitcoiners, of the institutional bitcoiners who
• 1:01:32
  have absolutely nothing in common with us.
• 1:01:34
  You know is there wealthy trust fund kids or you know Wall
• 1:01:38
  Street traders, whatever whatever they are you know
• 1:01:41
  family offices, they're coming in and and we are going to have
• 1:01:46
  to work together on some things. They're they're they're going to
• 1:01:49
  catch up quick. They have unlimited resources at
• 1:01:51
  their disposal to learn about how Bitcoin works and has
• 1:01:55
  changed and we're going to have to be ready for like I'm
• 1:01:58
  actually quite concerned about like misinformation and and and
• 1:02:03
  psychological attacks on Bitcoin by way of tricking people into,
• 1:02:09
  you know, some kind of consensus down the road.
• 1:02:12
  That is not ideal. It's not, it's not the vision.
• 1:02:16
  It's not what what we want is bitcoiners.
• 1:02:18
  But not to spread the thought. I'm just saying there's a lot of
• 1:02:22
  interesting cultures. Like everything that rises here
• 1:02:26
  has to converge. So we're just kind of, we're
• 1:02:29
  going to make a lot of new friends and enemies along the
• 1:02:31
  way and it's going to be, it's going to be pretty fun.
• 1:02:34
  Love it, Love it. OK, not too hard.
• 1:02:36
  Pivot. But we do know that you are a
• 1:02:39
  huge Noster advocate. Is Noster the future of social
• 1:02:42
  media? The future of social media
• 1:02:48
  itself? I don't know.
• 1:02:51
  But of, like, uncensorable communication?
• 1:02:57
  Yeah, I think so. I also run a a Noster conference
• 1:03:02
  and we're coming to Riga. We're going to pair up with
• 1:03:05
  Baltic Honey Badger because obviously there's a lot that
• 1:03:08
  these protocols have in common. The Noster protocol and the
• 1:03:12
  Bitcoin protocol tour there. There are a lot of open source
• 1:03:16
  protocols that we as Bitcoiners use often.
• 1:03:19
  And I I want these communities to converge.
• 1:03:22
  I want all Bitcoiners to try Noster.
• 1:03:26
  It's very exciting and fun to be so early to something.
• 1:03:29
  I mean, it's only a few years old and it gives you a lot more
• 1:03:34
  freedom to communicate without that privacy trade off.
• 1:03:41
  You're you're you're giving up no data involuntarily when you
• 1:03:45
  use no stir. The user agreement's hilarious.
• 1:03:48
  Just says this. We do not collect any data on
• 1:03:51
  you, you know, it's just, it's just it's just what you post,
• 1:03:54
  which for most people they're like, who cares?
• 1:03:57
  There's only, like, you know, 100,000 people who who gives a
• 1:03:59
  shit. But it matters over time.
• 1:04:02
  It matters if you live in Saudi Arabia and you're, you know,
• 1:04:05
  you're going to get, you know, executed for your tweets.
• 1:04:11
  It matters if you want to retain anonymity and not pay for a blue
• 1:04:14
  check and you still want to feel seen and heard and have virtual
• 1:04:18
  community. It matters if you want free and
• 1:04:21
  open source marketplaces and I think that's coming in a in a
• 1:04:27
  pretty robust way to no STIR. It's yeah, I think it's
• 1:04:32
  important to point out like we actually don't know there
• 1:04:35
  there's like more devs working on no STIR and more projects
• 1:04:38
  right now than there are users and the that's because the the
• 1:04:43
  potential of this thing is so much has many broader
• 1:04:47
  implications than just social media.
• 1:04:50
  So if you're interested in Bitcoin a little bit from the
• 1:04:54
  technical aspect of it, or urge you to look into open source
• 1:04:58
  software development in general and to definitely try Noster,
• 1:05:03
  you know. All right, before I pass it to
• 1:05:06
  Nico, if he wants to chime in, is it noster or noster?
• 1:05:12
  I say Noster, I'm not changing. I don't think there's consensus.
• 1:05:16
  All right, all right. Well, then.
• 1:05:17
  Wait, you heard it here first. Whatever you want to choose,
• 1:05:19
  choose your own adventure, Nika. You want to chime in before I
• 1:05:23
  ask McShane the the last question I always ask our
• 1:05:26
  guests. Yeah, absolutely.
• 1:05:28
  Look, so yeah, the the Noster thing is, is is incredibly
• 1:05:33
  fascinating just from the aspect of, you know, there, there was
• 1:05:38
  first the Domus app, then there's the, you know, the
• 1:05:41
  Primal app and you know, primal like kind of, you know, tweaks
• 1:05:44
  some things you could say made it a little bit better.
• 1:05:47
  They added the wallet in there and you could see, when you say
• 1:05:50
  the marketplace, you could see that coming.
• 1:05:53
  When you have the wallet implemented in the app itself,
• 1:05:58
  you see that. And the beauty of this is, this
• 1:06:01
  isn't just Twitter where they can just take your account, put
• 1:06:05
  it off the ban your account, take it, delete your account.
• 1:06:08
  Now you're gone, right. Regardless of the app, you can
• 1:06:12
  take everything with you as long as you have you know your
• 1:06:15
  private key and then your public key.
• 1:06:16
  I don't know what the. I know it's a it's called a
• 1:06:18
  little bit differently. So yeah I I think it's really
• 1:06:21
  exciting but you know to to go back to Opti's original question
• 1:06:26
  to you which is is it the future?
• 1:06:28
  Well it clearly Twitter has the critical mask.
• 1:06:31
  Clearly YouTube has the critical mask.
• 1:06:33
  However, if these platforms now, it's a little bit different that
• 1:06:37
  Elon has took it over. But like for example YouTube, if
• 1:06:40
  they continue going down that route of, you know, banning
• 1:06:44
  certain channels because of, you know, their political thoughts.
• 1:06:48
  You know, I kind of see Noster as a one way door, just as I see
• 1:06:52
  Bitcoin as a one way door, right.
• 1:06:54
  They, you don't go from Bitcoin back to Fiat.
• 1:06:58
  You go from Fiat to Bitcoin and then you're like it's a lot
• 1:07:01
  nicer here. I kind of don't want to go back,
• 1:07:03
  right. So yeah, I'm, I'm extremely
• 1:07:06
  bullish on it and I think we're in the infancy of it, right.
• 1:07:09
  So if people want to find out more about Noster itself,
• 1:07:13
  because I think it's a it's it's a little bit more harder to
• 1:07:16
  understand, harder for people to get their their, their their
• 1:07:20
  minds around you. You said that you were, you
• 1:07:22
  know, organizing a conference in Riga.
• 1:07:24
  So what what sources do you recommend?
• 1:07:26
  Like where would you start if someone wanted to learn more
• 1:07:29
  about Noster? If they're interested about it,
• 1:07:31
  how to create an account? What would you recommend to
• 1:07:34
  them? If you want to run a desktop
• 1:07:37
  client, go to primal.net. If you have an iOS device,
• 1:07:43
  download Domus Primal. If you have an Android device,
• 1:07:47
  there's this. There's a suite of clients you
• 1:07:48
  can use as well, I think. I think one thing I want to
• 1:07:52
  touch on that you said there just real quick, these
• 1:07:55
  technologies are orthogonal. This is not the same thing or
• 1:08:00
  remake of Twitter at all. You you can't have uncensored
• 1:08:06
  conversations at companies. It's not how it works.
• 1:08:12
  They're they're they're always beholden to the surveillance
• 1:08:15
  state and they will always compromise user privacy for that
• 1:08:21
  state. This this notion that Twitter is
• 1:08:25
  a is a freedom platform of free speech is complete bullshit.
• 1:08:29
  All of us know that at heart there there are things you can't
• 1:08:32
  say the things that will you know the algorithms prime to
• 1:08:38
  promote the agenda of the the the heads of that company and
• 1:08:43
  and that's not the case. That's not the case for no Sir
• 1:08:46
  at all. So I definitely agree with you.
• 1:08:49
  I think it's a one way door, yeah, just go check it out and
• 1:08:53
  play with it. It's really not.
• 1:08:54
  It's a lot easier to set up than a Twitter or a Google account or
• 1:08:58
  something like this because it requires no personal
• 1:09:01
  information. Join as a Nim.
• 1:09:04
  You'll be given an N pub and an N sack, a public and private
• 1:09:08
  key. We know how to use these from
• 1:09:09
  Bitcoin. Keep your secret key secret and
• 1:09:14
  you're off to the races you can start Posting immediately.
• 1:09:17
  Takes less than a second to make the account and you can grow it
• 1:09:21
  from there. It's yeah, every every bitcoiner
• 1:09:26
  should, should should should try it.
• 1:09:27
  If you haven't, you know you're behind.
• 1:09:30
  Get on it. It takes just an afternoon to
• 1:09:32
  get to know. No, Sir, I think.
• 1:09:33
  What? What?
• 1:09:34
  What client are you using right now?
• 1:09:35
  What's your favorite client at the moment?
• 1:09:38
  I don't really have a favorite. I use.
• 1:09:40
  I use different clients for different things.
• 1:09:42
  If I'm going to do do a lot of zapping, I I tend to use Primal.
• 1:09:47
  If I'm, if I'm, if I'm on desktop, I love, I love using
• 1:09:50
  Primal. I use Domus at home, like from
• 1:09:54
  my phone. Especially if I want to upload
• 1:09:56
  media. They're really good.
• 1:09:58
  I can do really high quality long videos on Domus, you know
• 1:10:02
  show people pictures of the Citadel, get things get things.
• 1:10:06
  I don't know. It kind of depends what you want
• 1:10:09
  to do. I'd recommend people just just
• 1:10:11
  try them out. You know, if if the marketplace
• 1:10:13
  isn't offering something that you find valuable, the beautiful
• 1:10:17
  thing is you can just make your own.
• 1:10:18
  You can make your own Noster client pretty quickly.
• 1:10:22
  It's a. It's pretty simple protocol.
• 1:10:24
  Love it. OK, so just wrapping up.
• 1:10:27
  McShane and I ask all you. I try to ask sometimes I forget,
• 1:10:31
  but what would be your last two sets to the audience?
• 1:10:34
  It could be anything that we talked about.
• 1:10:36
  It could be anything you haven't talked about.
• 1:10:38
  What is the last message you want to leave with the viewers?
• 1:10:45
  I mean you've heard it before. Get your Bitcoin into self
• 1:10:48
  custody. If you've never used a hardware
• 1:10:52
  wallet, get one. Get a get.
• 1:10:54
  Get a cold card. Get get something.
• 1:10:56
  The foundation passport. Get something.
• 1:10:59
  Try it out. Learn to use a pass phrase or
• 1:11:03
  multi sig. I think that's also important so
• 1:11:05
  you're not, you know, honey potting your your household.
• 1:11:10
  Learn about geographically distributed multi sigs and get
• 1:11:14
  get your Bitcoin off the exchanges and get out of that
• 1:11:18
  spot ETF garbage capture. Bitcoin, yeah.
• 1:11:25
  Beautifully. Wait, wait, wait, Nico, before
• 1:11:26
  you go make Shane, I did see your tweet or I think you quote
• 1:11:30
  tweeted you like the spot. Bitcoin ETF is just layer 2 for
• 1:11:33
  boomers and that had me cracking up before.
• 1:11:37
  It is. It is.
• 1:11:39
  Such a good framing. That's good framing.
• 1:11:42
  Hi, Nico. We can roll this out.
• 1:11:43
  That's McShane. That was great.
• 1:11:44
  Captured Bitcoin versus spot Bitcoin Guys, thank you so much
• 1:11:48
  for tuning into another episode of Simply Bitcoin Live.
• 1:11:50
  I'm your host Nico. This is my Co host Optimus
• 1:11:52
  Fields. This is our guest McShane.
• 1:11:55
  You can go follow him at McShane. under score rights.
• 1:11:58
  You can go check him out on Noster McShane.
• 1:12:00
  By the way, we do have a promo code for the Bitcoin
• 1:12:03
  conferences. You can use promo code simply.
• 1:12:06
  They'll get you 10% off. Definitely highly recommend
• 1:12:09
  them. I've been going since Bitcoin
• 1:12:11
  2021. They're a lot of fun, especially
• 1:12:14
  if you're trying to get a job in the industry.
• 1:12:15
  I cannot recommend them enough. They're incredible, especially
• 1:12:18
  industry day. Definitely recommend that get
• 1:12:21
  that type of ticket. And McShane, thank you so much
• 1:12:24
  for joining us on the show today.
• 1:12:25
  Really, really appreciate it and hope to see you in Nashville.
• 1:12:29
  It's been a blast, man. Thanks for having me.
• 1:12:31
  Appreciate it. All right, guys, that was our
• 1:12:33
  episode. If you enjoyed the show, you
• 1:12:34
  know what to do. Smash that like button.
• 1:12:35
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• 1:12:37
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• 1:12:40
  Simply Bitcoin Live. Peace out, everybody.
• 1:12:44
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• 1:12:48
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• 1:12:51
  independence.