Latest / Simply Bitcoin / EXPOSING The Secret Whale Buying BITCOIN | EP 1158

Transcript

EXPOSING The Secret Whale Buying BITCOIN | EP 1158 · Simply Bitcoin

• 0:00
  Yo, today we're going to be exposing two data points that
• 0:04
  suggest there are some massive whales hiding in the Bitcoin
• 0:07
  market. While Bitcoin dumped last night
• 0:10
  to the low 90,000, we saw some strange signs in the market that
• 0:14
  has most people completely confused on Twitter.
• 0:18
  But before we begin exposing the data, let's play the clip of
• 0:21
  Jack Mahler's a couple weeks ago explaining the strange things
• 0:24
  happening in the market today. Here we go.
• 0:29
  So they're having fun. They're having fun gapping them
• 0:32
  over weekends. This is.
• 0:34
  Not you don't think so. No, this is not odd lot retail
• 0:37
  traders listen guys, and and when people like Peter Schiff
• 0:41
  says, you know bitcoins a Ponzi sailors just buying and pushing
• 0:45
  it to new highs and everyone's agreed not to sell no so.
• 0:49
  Why are they buying on weekends? It's no, there's just persistent
• 0:55
  bid under this thing. Someone has mandated an order
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  so. They're.
• 0:59
  Buying it all week, but the float is less on weekends
• 1:02
  inherently because other traditional markets are closed,
• 1:05
  so the price tends to run up more during the weekends even
• 1:08
  though it's just. A consistent bid.
• 1:10
  Yeah. Well, and just look at the
• 1:11
  numbers when people say that makes sense to me, Sailor's the
• 1:14
  only buyer. No, this thing's doing 60 to 60
• 1:18
  to $100 billion of 24 hour volume sailors, 1 billion of
• 1:23
  that. Come on, give me a break.
• 1:26
  And this does not look like if you want to move a $2 trillion
• 1:30
  asset. I know we're not gold yet, but
• 1:33
  we're as big as we're, but we're as big as Amazon, Google, you
• 1:37
  know, do you think odd lot retail would move those things
• 1:40
  on the weekend? No, you got to have muscle to
• 1:43
  move this thing and especially on a Sunday night like that.
• 1:49
  And it's not just it's not just a one off because I would agree
• 1:52
  with you, Matt, if it was like, you know, 1 leverage liquidation
• 1:55
  on an exchange that pushed it on a Sunday night.
• 1:58
  But weekend activity has been fairly consistent.
• 2:01
  If you guys remember like the first thrust 2 and over 100K.
• 2:05
  We're also on US night time. It's either US night time or you
• 2:11
  are weekends. That is that is U.S. banking
• 2:15
  hours closed. That is someone who's probably
• 2:17
  wired a ton of money to an order execution and that's being
• 2:22
  averaged in and sometimes liquidity gets dry.
• 2:27
  I don't know it. Let's go all right, boys and
• 2:32
  girls. So of course I'm not here alone.
• 2:35
  I got our boy Chris Alemo coming off the simply Bitcoin bench
• 2:38
  with us. Shouts out to Chris and guys, we
• 2:40
  have a very interesting guest for you guys today and we'll
• 2:42
  talk about that all in the culture.
• 2:43
  We have Elizar Rojas, who he's not a bitcoiner like all of us
• 2:47
  here every single day, but he uses Bitcoin to survive and
• 2:51
  transact with. So we'll be talking with Elizar
• 2:53
  later, but let's get into this news story.
• 2:55
  Of course, this video was I think this came out when when
• 2:59
  was this? December 16th.
• 3:00
  So this is about 3 weeks ago, almost close to a month, so
• 3:04
  we're not rehashing, you know, an old story to just fill out a
• 3:07
  video today. Why am I talking about this?
• 3:10
  Well, we saw some interesting price movements yesterday and
• 3:14
  this isn't us, you know, speculating on price.
• 3:16
  We're not doing TA, but if you look very closely here, I'm not
• 3:19
  bit I'm on a trading view bit stamp chart, one hour chart.
• 3:23
  Look at this interesting price movement here.
• 3:25
  We had 14 straight green candles just going up and then of course
• 3:30
  a dump. Well, what is going on here?
• 3:32
  Everyone on Twitter is kind of freaking out.
• 3:34
  They're like, I've never seen this before.
• 3:35
  I don't I'm pretty sure this hasn't happened in the market
• 3:38
  for about 7 years or so if I'm, if I'm remembering correctly.
• 3:41
  So what is happening right now and what is this market
• 3:44
  structure that we're seeing here?
• 3:46
  Well, if you go a little further, you know, a lot of
• 3:49
  people on Twitter were saying, hey, you know, 13 consecutive
• 3:52
  green hour candles like this is the long here we go longest
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  hourly green candle streak since at least January 1st, 2017.
• 4:00
  And of course, people kind of trying to understand, I saw some
• 4:03
  other tweets of like what is going on here?
• 4:05
  Well, we got Adam back the Bitcoin OG himself, you know,
• 4:08
  quoted in the Bitcoin white paper.
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  And he responds with T wap buying someone big or
• 4:15
  institutional buying. Not sure who would sell to them
• 4:18
  at these prices though. And then someone responds
• 4:20
  someone at bit Fenix and he goes, the bit Fenix whale was
• 4:23
  back buying at 450 Bitcoin, then 600 Bitcoin a day.
• 4:28
  And you know, it looked like but only under 90K and seemed to
• 4:31
  stop over that. So search bit for next long
• 4:33
  graph. You can see it as it's every
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  minute with a bot while going up.
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  And Adam back speculates even further and he goes must be
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  other players doing it even larger, maybe at sailor or
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  someone institutional using the dip to build a position ahead of
• 4:49
  inauguration. 10 days TikTok. Of course, next block we're all
• 4:53
  seeing in the Bitcoin space that January 20th is looking like
• 4:58
  maybe the date that the rocket ship starts to explode.
• 5:01
  Everyone's kind of waiting for Trump to get into office and
• 5:04
  you're you're seeing the price action kind of follow suit.
• 5:06
  So now diving in a little deeper, what is this Tee Wop
• 5:09
  thing that Adam Back is talking about?
• 5:11
  Well, it's a time weighted average price.
• 5:13
  So of course I'm on Wikipedia. You guys can throw tomatoes all
• 5:16
  you want, but hey, Wikipedia is good for something still.
• 5:19
  And here we go in finance time, weighted average price or Tee
• 5:22
  Wop is the average price of the security over a specified time.
• 5:25
  But sometimes it's used to describe a tea Whop card that is
• 5:28
  a strategy that will attempt to execute an order and achieve the
• 5:32
  tea whopper better. The tea Whop strategy underpins
• 5:35
  more sophisticated ways of buying and selling than simply
• 5:38
  executing orders in mass. For example, dumping a huge
• 5:41
  number, huge number of shares in one block is likely to affect
• 5:44
  market perceptions when it with an adverse effect on the price.
• 5:48
  Now going further, the tea Whop strategy is often used to
• 5:51
  minimize a large orders impact on the market and result in
• 5:55
  price improvement. High volume traders using T WAP
• 5:58
  to execute their orders over a specific time.
• 6:01
  So they trade to keep the price close to that which reflects the
• 6:04
  true market price. T WAP orders are a strategy of
• 6:07
  executing trades evenly over a specific time period.
• 6:12
  So as Tour de Meester said, the institution of FOMO is catching
• 6:17
  on and you can see, you know, some people here you excuse me,
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  what the actual F is the price action seeing these 14
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  consecutive 1 our one hour price gains on the chart.
• 6:29
  Now two different things to kind of pinpoint on this before I
• 6:34
  pass it over to our guest and of course my Co host for today is
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  one guys, we've been talking about institutional capital
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  coming into Bitcoin for a very long time.
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  Well, now it seems very clearly that they are here.
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  They are using high frequency trade mechanisms to, you know,
• 6:52
  get their position. We've been kind of talking about
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  the last couple of weeks, you know, someone flooding the
• 6:57
  Bitcoin price so that they can buy it lower.
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  Well, now it looks like we have the data that yes, that's
• 7:02
  probably exactly what's going on.
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  Now, the second thing I want to say before I pass it on to Chris
• 7:08
  is This is why we tell you guys every single day on simply
• 7:12
  Bitcoin that the best way to win in Bitcoin, succeed in Bitcoin
• 7:16
  is just building your own position.
• 7:17
  Do not trade Bitcoin, just accumulate Bitcoin.
• 7:21
  And now the data is very clear. If you think you can out trade,
• 7:25
  you know, the smartest, most sophisticated traders on Wall
• 7:28
  Street, maybe I have some news for you guys.
• 7:31
  You know, maybe I have a bridge I can sell you.
• 7:33
  You see you're literally trying to out trade bots here.
• 7:36
  So is Mahler's, you know, insight where we're at.
• 7:40
  Is there someone 60 to 100 times bigger than Sailor buying
• 7:43
  Bitcoin? Well, it looks like we have some
• 7:46
  very huge pockets moving the market right now.
• 7:49
  And of course, they're trying to do it in a way where they don't
• 7:51
  just, you know, do a spot market buy, pump the price to something
• 7:55
  incredible. So we're seeing the data is very
• 7:57
  clearly there's someone here that is trying to accumulate
• 8:01
  Bitcoin. Is it an institution?
• 8:03
  Is it a nation state? We don't know.
• 8:05
  We can speculate. We've been speculating depending
• 8:07
  on who's actually buying this Bitcoin, but the point remains
• 8:11
  the same for you guys out here, every single one of us plebs out
• 8:14
  here, you know, just laymen, just keep buying Bitcoin, keep
• 8:17
  accumulating Bitcoin. You do not want to trade Bitcoin
• 8:19
  right now, especially entering into 2025, what we think is
• 8:23
  going to be a huge parabolic year.
• 8:25
  Do you really want to get burnt in your position to gain, you
• 8:28
  know, a little extra percentage on your gains?
• 8:31
  The safe and tried and true way to win in Bitcoin is just
• 8:34
  accumulating Bitcoin. Maybe set up the DCA set it and
• 8:38
  forget it. We're seeing the data is coming
• 8:41
  in pretty clear and you know Jack Muller's was talking about
• 8:43
  this weeks ago and now it's coming very clear on the charts
• 8:46
  guys they are here institutions here nation states here the the
• 8:50
  trading bots are here We we've had the old school like shit
• 8:54
  coin trading bots, you know playing in the market.
• 8:56
  Now it seems like we have Wall Street bots playing in the
• 8:59
  market. So do not get wrecked in your
• 9:01
  position and that's just the PSA for you guys out here there's
• 9:05
  two points here. Obviously someone one huge is in
• 9:08
  the market now and we've been all speculating on who that is.
• 9:11
  And the second guys don't trade, don't trade that Bitcoin.
• 9:14
  You might get wrecked. Anyways, enough ranching, enough
• 9:17
  context, Chris, I know you want to add some context here.
• 9:19
  You, you, you can give them the left side, right side of the
• 9:22
  bell curve take on this. So what's your thoughts looking
• 9:25
  at this, Chris? What's up, Poppy?
• 9:27
  What's up everyone? So T wop I know for the, I
• 9:30
  guess, traditional financial world, when you think of like
• 9:32
  large hedge funds or managers of money, when you think of Paul
• 9:36
  Tudor Jones, when you think of Ray value, when you think of
• 9:39
  Warren Buffett and the ilks of them, a lot of times, if they're
• 9:42
  going to make a position like perfect example, probably a
• 9:45
  decade or 15 years ago, Warren Buffett knew he wanted to move
• 9:49
  into a banking stock and he ultimately ended up picking Bank
• 9:51
  of America. But if he were to, you know, buy
• 9:54
  $30 billion worth of Bank of America stock or whatever his
• 9:56
  position size, he would move markets like that.
• 9:59
  So what they do is he like, you know, normally they report in
• 10:01
  the quarter and then he's like, all right, now it's time to
• 10:04
  start building my position because there's requirements,
• 10:06
  reporting requirements. If you have certain amounts of
• 10:09
  like if you have 5% of the stock or 10% of the stock, it varies
• 10:12
  based on industry and sector and stuff like that.
• 10:14
  I know even with banking as well, if you own more than I
• 10:17
  think it's like 24 1/2 percent of anyone banking stock, you
• 10:21
  need banking licenses. So even Warren Buffett knew
• 10:23
  like, I don't want to become like a banking license in
• 10:26
  entity, like I want to remain as, you know, insurance and use
• 10:29
  that as an investment arm. But basically two walks away to,
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  you know, time weighted average price or basically that they're
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  buying slowly over time, you know, even the biggest and best
• 10:39
  names in the searching in because if they put a market
• 10:41
  order for 30 billion or however many billions, that would gap up
• 10:44
  the price and they would actually get a worse deal versus
• 10:47
  dollar cost averaging. So with that said, yeah, that's
• 10:50
  just kind of the the the two sacks behind it.
• 10:53
  The my advice, the words, the lies, you know, the the markets,
• 10:56
  they always say buy, buy low, sell high in Bitcoin, Just buy,
• 11:00
  just buy low, buy medium, buy high.
• 11:02
  You know, this is your opportunity because we're at an
• 11:04
  all time high of 108,000 $108,000 in USD terms.
• 11:09
  Obviously, what are we at right now?
• 11:10
  50 or 94 or something like that. This is your opportunity.
• 11:13
  You know, it's a market correction.
• 11:15
  It's pulled down. I don't care if the whales are
• 11:16
  buying or selling or leverage long or, or or shorting it.
• 11:20
  I'm just buying here. But I also it's, I feel like
• 11:22
  that kid in the meme that where he's like, wait, you guys are
• 11:25
  getting paid. It's like wait, you guys have
• 11:26
  Fiat Like I don't have like I get paid.
• 11:28
  I roll into Bitcoin. I don't have money to spend
• 11:30
  right now, waiting for payday basically.
• 11:33
  Let's go. Wait, wait, Chris, I thought, I
• 11:35
  thought the meme was, you know, buy, buy high and sell low.
• 11:40
  What? What?
• 11:40
  What is this training, science and magic you are talking about
• 11:43
  here? No good.
• 11:45
  Continue to buy. That's all I do, Buy high buy.
• 11:48
  Literally just smash the buy button.
• 11:50
  This is how you succeed in Bitcoin.
• 11:52
  All right, so I'm gonna pass it over to Elazar, though let me
• 11:55
  give a little context here. So when we were hanging out
• 11:58
  before the show, Elazar was basically telling me like, look,
• 12:01
  I've been in Bitcoin since you had about seven years.
• 12:04
  But he's like, I don't know too much about Bitcoin.
• 12:07
  I just use Bitcoin. I just transact with Bitcoin.
• 12:10
  So I'm going to give you the opportunity to talk about this.
• 12:12
  But if, if you don't have any 2 sets to add, we'll move it
• 12:15
  forward and we'll talk about it all in the culture, your Bitcoin
• 12:18
  journey. So Elizar, as a Bitcoiner that
• 12:21
  is not completely obsessed with the Internet, does this news
• 12:25
  register to you? What's your thoughts when you
• 12:27
  hear this? Do you have anything to add?
• 12:30
  OK, I'm going to slow it down a little bit and ask you guys to
• 12:36
  pretend that I didn't understand a word or a number of whatever
• 12:41
  you both said. And those guys on the clip said,
• 12:45
  what does it mean for me? I get paid for work using
• 12:49
  Bitcoin and that's all my all the utility I get out of
• 12:53
  Bitcoin. So what does all of that mean to
• 12:56
  me? It means number will go.
• 13:00
  It means whatever you're getting transact in, transacted in
• 13:04
  whatever you're holding excess. It means that there is a big
• 13:08
  amount of money coming into Bitcoin and so whatever you're
• 13:12
  holding, whatever you're saving in Bitcoin is going to go up in
• 13:15
  the near future. That means that people with big
• 13:18
  deep pockets are in the market. And so you want to be holding
• 13:22
  some of that Bitcoin that you're being transacted in whatever is
• 13:24
  sent to you. Make sure you don't sell it all.
• 13:27
  Make sure you're holding some of it.
• 13:28
  But Chris, chime in, chime in a little bit.
• 13:32
  Yeah, Opti, I'm going left side brain.
• 13:34
  I I or let let left side of the curve, you know I'm there as
• 13:36
  well. But basically what it means is
• 13:38
  the money that you get paid. As long as you know money, you
• 13:41
  get paid less your expenses, hopefully you're spending less
• 13:44
  than you're making. You save that in Bitcoin and in
• 13:46
  over time you'll be able to buy more goods and services, whether
• 13:50
  that's food, whether that's energy, whether that's housing,
• 13:53
  whether that's car, whatever it is, over time your savings will
• 13:56
  grow to buy more goods and services.
• 13:59
  So that's very simple. I'm just, it's the best money
• 14:01
  there is. Yeah, let's go.
• 14:04
  Awesome. All right guys, so interesting
• 14:05
  show today. We I'm not going to call Elizar
• 14:09
  and this is not derogatory. I'm not going to call him a
• 14:11
  normie here, but he's a he's a as Chris was saying, as Chris
• 14:16
  was saying, he is a healthy bitcoiner, not chronically
• 14:19
  online. So we're going to have an
• 14:21
  interesting show today. We're going to really dive into
• 14:23
  his story. I think LSR has a has a lot to
• 14:26
  talk about and it really going to provide some value value
• 14:28
  maybe insight into a lot of the people that aren't like us.
• 14:31
  There is bitcoiners out there that aren't obsessed with
• 14:34
  Twitter guys. I know, shocking, absolutely
• 14:36
  shocking. Anyways, we got a bunch for you
• 14:38
  guys today. Actually, we have a we have a
• 14:40
  great show. You know, we have Gary Ginzer
• 14:42
  coming out here. He seems like honestly, I might,
• 14:45
  I might, I might take back all the bad things I said about
• 14:47
  Ginzer. It seems like he might actually
• 14:49
  be a maxi. We'll talk about that right now.
• 14:51
  And then secondly, last thing I want to talk about did you guys
• 14:54
  catch Janet Yellen interview guys?
• 14:56
  We're we're going to go in on Janet Yellen and inflation and
• 15:00
  of course we're going to talk to Elizar about his Bitcoin
• 15:02
  journey. Anyways, we do have to pay the
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  bills here. Of course, we are, you know, a
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  All right guys, moving forward, we of course are on Clark when
• 18:47
  he's dashboard. Looking at some numbers here,
• 18:50
  the Bitcoin price currently is $94,430.
• 18:54
  The SAT per dollar AKA how much Bitcoin you can buy for a
• 18:57
  dollar, AKA how much the dollar is worth in Bitcoin is currently
• 19:00
  at 1059 SAT's. The current Bitcoin block height
• 19:04
  is 878,006 160 and the market cap and Fiat terms is $1.87
• 19:10
  trillion. Man, Chris, it feels bad not
• 19:14
  hitting that $2 trillion every single day, but we'll, we'll get
• 19:17
  there. We'll get there soon.
• 19:18
  Anyways, the Bitcoin versus gold market cap, so much room to run
• 19:21
  in the hard money game is exactly at 10% of the gold
• 19:25
  market cap And and the total Bitcoin that will ever be issued
• 19:28
  is currently at 94,000 or 94.32000 or sorry, 94.32%.
• 19:34
  And then which means roughly about 19.8 million Bitcoin are
• 19:38
  currently circulating. You might want to get some
• 19:40
  because what we're going to be battling for the last one point.
• 19:44
  What is it 2 million Bitcoin the next 100 years?
• 19:47
  Yeah, it, it might be kind of scarce.
• 19:50
  All right. Moving forward, we all know
• 19:52
  what's going on with our boy Gary Gensler.
• 19:56
  He is about to resign and he did this exclusive interview on
• 20:01
  Bloomberg where he is kind of recapping his service to the
• 20:06
  country over at the SEC and he gets asked about Bitcoin.
• 20:10
  Now, a very interesting take when you kind of look at it.
• 20:14
  It's almost like Gary Ginsler knew the whole time that there
• 20:16
  was Bitcoin and there was shit coins.
• 20:18
  Maybe I do have to pull back a little bit of my, my rhetoric
• 20:21
  around Gary Ginsler. We, we did give him a lot of
• 20:24
  trash. You know, we smack talk him.
• 20:27
  He got, you know, he caught a stray at the Bitcoin conference
• 20:31
  when, when Trump went out there and was like, yeah, I'm going to
• 20:33
  fire Gary Ginsler. And everyone freaked out and he
• 20:36
  said it again, you know, maybe look, let me just play the video
• 20:40
  a bit. Maybe he was a good guy.
• 20:42
  I don't know, Chris, we'll talk about this.
• 20:43
  But all right, let's see what he was saying in this clip in
• 20:46
  regards to, you know, his, his enforcement of the crypto market
• 20:51
  and his view on Bitcoin and all the other shit coins.
• 20:53
  And let me just split the field into two, just for a minute.
• 20:57
  The public knows a lot about Bitcoin, which is depending upon
• 21:01
  its market value. On any given day is 2/3 to 80%
• 21:04
  of the market value of crypto. And then there's everything
• 21:10
  else. Or some people say Bitcoin and
• 21:13
  Ethereum and everything else. These 10 or 15,000 projects,
• 21:20
  they're raising money from the public and the public's
• 21:23
  investing. Or they're just the public's
• 21:25
  investing, hoping for a better future.
• 21:30
  I've been around finance for over 4 decades and everything in
• 21:35
  the markets trade on a mixture of fundamentals and sentiment at
• 21:40
  any given time. But I've never seen a field
• 21:43
  that's so much wrapped up in sentiment and not so much about
• 21:47
  fundamentals. And these 10,000 to 15,000
• 21:51
  projects, many of them will not survive.
• 21:54
  They're like venture capital investments.
• 21:56
  They're not going to survive, but there are also a fair number
• 22:00
  of small pump and dump schemes and and other things in this.
• 22:05
  And of course we've lived through a few years where, you
• 22:09
  know, they became notorious, but they're in jail.
• 22:13
  The Sambank Benfried's and the CZ's and the Do Kwan's where 10s
• 22:20
  of billions of dollars were lost by investors.
• 22:24
  Absolutely sounds like a Bitcoin maxi to me.
• 22:27
  And I mean, look, there is a a lot of things and I, and I
• 22:30
  actually said this yesterday in regards to I forget what the
• 22:34
  clip was, but remember they brought up like the hawk Tula
• 22:37
  girl and I and I was mentioning I was mentioning that, you know,
• 22:41
  us bitcoiners have have to do a lot of work here, a lot of
• 22:46
  uphill work here to separate Bitcoin from the shit coin
• 22:49
  industry. And look, you know, looking back
• 22:52
  like Chris, were we a little too harsh on Gary Ginzer?
• 22:56
  So actually, let me let me show this comment here because
• 22:58
  someone, someone did a pretty funny comment.
• 23:00
  Let me let me go down here a little bit.
• 23:02
  Someone's comment is pretty funny here because not sure why
• 23:05
  everyone beats up on Gary Ginzer.
• 23:08
  What's happened If he was on the side of we the people and staved
• 23:10
  off the ETF watches to allow us to front run the likes of
• 23:13
  BlackRock, Like just a theory. Like maybe Gary Ginzer was
• 23:17
  holding back this shit cornery that we seem to be, you know, on
• 23:21
  the horizon, the event horizon of seeing, you know, going
• 23:25
  further. It may be Gary Ginzer was the
• 23:27
  maxi. I've joked about this all of
• 23:29
  last year, that Gary Ginzer's a maxi.
• 23:31
  We all know he taught an MIT course on blockchain.
• 23:33
  But when you kind of see him now leaving office, it does kind of
• 23:38
  sound like he knew this whole time.
• 23:40
  And remember, Chris, throughout the whole time that he was in
• 23:42
  the his position, he would do this like groveling about
• 23:45
  Bitcoin when people would ask him about Bitcoin or Ethereum.
• 23:49
  And now that he's on his way out, he's like, yeah, there's
• 23:51
  Bitcoin and then there's everything else.
• 23:53
  Like all these 10,015 thousand projects are, you know, heaping
• 23:57
  pile of trash and you should not touch it because you might get
• 24:00
  the Quand or SPF out there and like, avoid it.
• 24:03
  So I don't know, Chris, I'm going to tee it up to you.
• 24:06
  Maybe Gary Ginzer was actually protecting investors.
• 24:11
  Like, I don't know. I mean, it's starting to look
• 24:14
  like he can finally say what he believes.
• 24:16
  So I just thought that was very interesting.
• 24:18
  Gary Gensler might be a Bitcoin maxi.
• 24:20
  Actually, maybe he was suppressing the price so he can
• 24:22
  stack Bitcoin. I don't really know here, but it
• 24:24
  does sound like he knows exactly what's going on in the market.
• 24:27
  So Chris, what's your thoughts on this?
• 24:30
  Are are we actually going to be in a better position losing
• 24:32
  Gensler? Was he protecting investors?
• 24:35
  Was he actually doing his job? Like what's your takes when you
• 24:38
  see that video of Gigi? Well, when I see that video of
• 24:42
  the great Gary Gensler, I guess, you know, I think it was, but it
• 24:46
  was in a weird time in the sense that like basically, I know the
• 24:50
  SEC has always postured that they are not allowed to have
• 24:53
  holds crypto assets when you're at the SECI.
• 24:56
  Don't know why that's the ruling, but that's the ruling
• 24:58
  that's been there. But everyone always says you're
• 25:00
  allowed to have bonds, you're allowed to have stocks, you're
• 25:02
  allowed to own real estate. So it's like they basically
• 25:05
  pigeonholed that this market of like, hey, like we can own all
• 25:09
  other assets, but you're not allowed to hold crypto assets if
• 25:11
  you're in the big, if you're at the SEC.
• 25:14
  Whether that's right or just, I don't know.
• 25:16
  I think, you know, we we don't hold them to the same standard
• 25:18
  with stocks, bonds and real estate.
• 25:20
  So it is a little hypocritical. But to your point, I do think he
• 25:23
  was trying to hold back the, the, the avalanche of crypto
• 25:27
  projects. I know that his course at MIT,
• 25:29
  so he was a teacher at MIT in 2018 and the videos actually
• 25:33
  went up on YouTube in 2020, like right before the pandemic.
• 25:36
  So you can learn all that. It was called blockchain and
• 25:38
  money. I know blockchain's kind of a, a
• 25:40
  bad word or, you know, word that we look down on because of
• 25:43
  everything that happened in that time frame of like the ICO phase
• 25:46
  or, you know, initial coin offerings.
• 25:49
  But basically he did a pretty succinct job of explaining
• 25:52
  Bitcoin what how a blockchain works, how like all these things
• 25:56
  work in terms of fundamentals. And I think he kind of had a
• 25:59
  similar stance even back in 2018 to and as he's having now in
• 26:03
  2025 of like leaving a basically being like crypto is kind of
• 26:06
  like AVC investment where Bitcoin is kind of like invented
• 26:09
  by Satoshi. You know, it's backed by energy,
• 26:11
  you know, the mining network and like how it works.
• 26:14
  So I definitely think like he can now, like you said, kind of
• 26:17
  gloves off like he's like, I can't show favorite tourism
• 26:19
  towards Bitcoin, but I also don't want to like prop up the
• 26:23
  crypto industry is kind of what I said.
• 26:24
  So maybe you know, the, the tinfoil hat of holding back the
• 26:28
  ETFs in order to give the plebs more years to stack Bitcoin.
• 26:31
  I definitely am on board with that.
• 26:32
  I will caveat one thing that he said though.
• 26:34
  CZ is no longer in jail. So CZ I, I will caveat.
• 26:37
  So CZ was the CEO of finance. I don't agree with all the shit
• 26:41
  coins and stuff they listed on there, but at one point in time
• 26:43
  he was worth $30 billion. I don't know if that was based
• 26:46
  on just his equity position at finance, but he had a crap ton
• 26:49
  of Bitcoin on his personal balance sheet as well.
• 26:51
  His lawyer, you know, I'm not saying it's a good trade.
• 26:54
  I'm not saying being in jail is a good spot, but basically four
• 26:57
  months, his lawyer told him to shut the fuck up.
• 26:59
  He went to jail, comes out with billions of dollars still and a
• 27:02
  clean slate. You know, I, I think that's a
• 27:04
  pretty fair deal. If, if you're going to have a
• 27:06
  deal where you go to jail and you're there for a short amount
• 27:08
  of time and you still come out a billionaire on the other side, I
• 27:10
  think that's a, a trade many people would do.
• 27:12
  But yeah, that's just my my. Thoughts on he's a shit coiner.
• 27:16
  He made a great trade there. That and we're getting trolled
• 27:21
  in the chat and everyone's like, do you guys forget what happened
• 27:24
  the last three years? Guys, we're like low key
• 27:26
  trolling here. Obviously it's like Gary Ginzer.
• 27:29
  It's very interesting because we were all super excited in the
• 27:32
  Bitcoin space to have Gary Ginzer be, you know, be in the
• 27:34
  position of the SEC head. And in reality, it almost turned
• 27:39
  into a bad thing. Like Chris was saying, you know,
• 27:41
  he taught a course at MIT. We we thought, oh, he
• 27:44
  understands Bitcoin, this is going to be great for our
• 27:47
  industry. In reality, it seemed like, you
• 27:50
  know, he was doing someone's bidding, but kind of trolling
• 27:53
  and and, and turning this maybe getting a little silver lining
• 27:57
  here. You know, you got to have some
• 27:58
  fun. It's Friday.
• 27:59
  Like, maybe he was on our side the whole time, guys, I don't
• 28:03
  know. But no, I mean, I think I think
• 28:06
  in, in, in the history or what will be written, Gary Ginzer
• 28:10
  will probably be, you know, written down as a bad figure in
• 28:14
  regards to Bitcoin. But you know, a boy likes to
• 28:16
  hope, you know, you got cheap sats, bro.
• 28:18
  Like you can thank Gary Ginzer for the cheap sats that you
• 28:21
  acquired in the last three to four years.
• 28:22
  Like chats at GG. Yeah, now, and I'll add one more
• 28:26
  thing before we go over to Eleazar.
• 28:28
  But the one thing that was interesting, so a lot of people
• 28:31
  are like, do you forget what happened the last four years is
• 28:32
  like, no, like Opti and I obviously did not forget what
• 28:34
  happened. But even the SEC basically has
• 28:37
  black eyes in the sense that the companies or projects that they
• 28:40
  went after, they couldn't even get wins against.
• 28:43
  Like we, you know, bitcoiners are shouting for the from the
• 28:45
  hilltops basically like these things are frauds, you shouldn't
• 28:48
  invest in them, don't buy them. And the SEC is like, oh, we've
• 28:51
  got a case against them and then they lost in court.
• 28:53
  So it's like they obviously didn't present their argument's
• 28:56
  well enough. And like, you know, I guess the
• 28:58
  one thing that I don't agree that we should be giving the
• 29:01
  government more power to regulate and clamp down and tax
• 29:04
  and threaten with violence companies.
• 29:06
  So I'm more of a free market guy and I'm just saying, hey, if you
• 29:09
  want to buy all these other crypto tokens, buyer beware.
• 29:12
  That's not what I'm doing. That's not what I advise.
• 29:14
  That's not what I suggest. But you do you just leave me
• 29:17
  alone. Let me buy Bitcoin and leave me
• 29:19
  in peace. But yeah, I mean, I think him
• 29:21
  leaving definitely or him being in office kind of held up the
• 29:24
  ETF's which allow people to stack more normal Bitcoin.
• 29:27
  I know many people make the argument that like, well, if
• 29:29
  they had an ETF or a vehicle, they could have been in a
• 29:31
  Bitcoin, a Bitcoin IOU longer. But you know, that's buyer
• 29:35
  beware. You know, that's the risk trade
• 29:36
  off some people are going to take.
• 29:37
  I'm not buy Bitcoin self custody it yourself make it non KYC even
• 29:41
  better. But yeah, yeah.
• 29:43
  And Chris actually jumping off the last thing you said, maybe,
• 29:47
  you know, secretly or maybe in the long term of, of history,
• 29:51
  Gary Ginser might actually be looked at as a good guy, like
• 29:54
  you said, because of the black guy he put on the SEC and and
• 29:57
  everyone realizing like this SEC institution, like they do more
• 30:03
  harm than good. And it really goes to a lot of
• 30:05
  things that Nolan's been saying. Shout out to our boy Nolan out
• 30:08
  there that in the time we are right now, there's so much
• 30:13
  mistrust in the institutions that a lot of people are waking
• 30:17
  up to the fact that maybe these institutions are fraudulent.
• 30:20
  Maybe they do more harm than good.
• 30:22
  So you know, maybe Gigi is actually a hero here and and
• 30:25
  exposing the SEC for how bad it actually is.
• 30:28
  So you know, I'm a Gigi Maxi at this point.
• 30:31
  Let's let's hope best scent now is better than Gigi.
• 30:33
  But I don't know, you know, in a in a very weird twisted way, it
• 30:37
  looks like Gary Ginzer was actually good for the Bitcoin
• 30:40
  industry, even though it's horrible, even though it's
• 30:42
  horrible. Alright, anyways, I'm I'm, I'm
• 30:43
  kind of trolling here, but really I'm not OK LSR, what's
• 30:47
  your thoughts on this? We know well, if people don't
• 30:49
  know, you know, you're not in the stage.
• 30:51
  So maybe you don't care about Gary Ginzer.
• 30:53
  Also, you just transacting Bitcoin.
• 30:55
  So you know, what's your thoughts on this?
• 30:56
  You want to meet, keep it moving forward.
• 30:59
  No, totally my my thoughts on this are basically stay keep it,
• 31:05
  keep it outside of of government.
• 31:10
  Let me keep transacting with my clients abroad with with
• 31:15
  Bitcoin. We lost some.
• 31:20
  I have I, I for me. Let's go.
• 31:26
  All right. Awesome.
• 31:27
  Yeah, agreed. Just get out of our way.
• 31:32
  TLDR, get out of our way. All right, guys, we do have some
• 31:35
  news story for you guys here before we get into the culture
• 31:38
  and wrap up this week. So let's get into it, boys and
• 31:40
  girls. I want to give a very special
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  secure your code storage. All right, moving into our news
• 33:43
  story, this is one of my favorite topics is when we get
• 33:47
  to dunk on our girl Janet Yellen.
• 33:50
  I absolutely love dunking on, you know, the talking heads out
• 33:54
  there. So we got a very interesting
• 33:56
  headline here for everyone. And if you're a Bitcoiner, I'm
• 33:59
  sure this is one of the topics you love to talk about.
• 34:03
  It's our duty here to expose the facts, or at least what we think
• 34:05
  is the facts here. Obviously, I guess facts are
• 34:08
  subjective at this point. But anyways, we got this
• 34:11
  headline from Janet Yellen on CNBC and it goes Janet Yellen
• 34:14
  COVID stimulus may have contributed, quote, a little bit
• 34:18
  to inflation. Now, I'm not going to read the
• 34:20
  whole article, but I did tee up the video a little bit.
• 34:22
  So let's just hear Janet Yellen talk about, you know, just a
• 34:26
  little bit of stimulus is one of the reasons for inflation.
• 34:29
  Entered the beginning of the Biden administration.
• 34:34
  We had a pandemic that was raging out of control, and
• 34:39
  thousands of people were dying in a monthly basis.
• 34:43
  And the unemployment rate remained extremely high.
• 34:48
  And people, many people who'd lost their jobs, although they
• 34:52
  were being supported by unemployment insurance, were in
• 34:56
  a position where they could lose the roof over their heads.
• 35:00
  And we saw people in cars lining up at food banks to make sure
• 35:08
  that they could feed their families.
• 35:10
  And it was really important to spend the money to alleviate
• 35:15
  that suffering, to make sure that small businesses didn't go
• 35:20
  out of business because of the pandemic.
• 35:24
  People would have lost their livelihoods, their businesses
• 35:27
  that they had invested in. And we wanted to alleviate all
• 35:33
  of that suffering. We, we had seen in past
• 35:36
  downturns like the great after the great race, during the Great
• 35:40
  Recession, that people who are unemployed for a very long time,
• 35:46
  they become scarred, they become alienated from the workforce and
• 35:51
  they can never get their lives, many of them back on track.
• 35:54
  So I called that scarring and we really wanted to avoid that.
• 35:58
  And I think the spending was necessary.
• 36:01
  Did it spark the inflation? It may have contributed a little
• 36:06
  bit to the inflation, but by and large, the inflation was the
• 36:12
  supply side phenomenon. The pandemic had led to
• 36:17
  shortages of goods coming from China, and other parts of the
• 36:22
  world had shut down, you know, left firms like our auto firms
• 36:28
  without enough semiconductors to be able to build cars.
• 36:34
  So there was simply huge supply chain problems and goods,
• 36:40
  critical goods that people wanted were an absolute
• 36:44
  shortage. And I think an important factor
• 36:47
  in the inflation was that these shortages started pushing up
• 36:52
  prices a great deal. Amazing, amazing that we're
• 36:57
  still getting the supply. You know, supply shortages is
• 37:01
  the cause of inflation through hims.
• 37:03
  Whoa. Oh, there's my thousands of
• 37:04
  guys. I don't want to talk.
• 37:05
  Let me pull this out. Let me pull this out.
• 37:07
  Sorry, going on here. Jesus, getting ads all right.
• 37:12
  Very amazing that we are still getting the meme of supply
• 37:16
  shortages as the true reason for inflation coming from our quote
• 37:20
  betters. Now as a bitcoiner, we all know
• 37:24
  a very simple way of explaining what inflation is.
• 37:28
  It's obviously the expansion of the money supply and they
• 37:31
  expanded the money supply at an incredible rate since 2020.
• 37:35
  Now there's a bunch of different metrics you can look at.
• 37:38
  Anyone can point at a bunch of different metrics for why the OR
• 37:41
  where the expansion of the money supply happened.
• 37:43
  Well, you know, I'm over here on the Fred Saint Louis site or the
• 37:47
  yeah, you have Saint Louis fed.org, Fred, and you can see
• 37:50
  whoa. You know what happened in 2020?
• 37:53
  I don't know. It looks like they expanded M1
• 37:55
  money supply from about four trillion to about 16 trillion.
• 38:01
  And today we're sitting around 18 trillion hit a peak of a 20.
• 38:05
  I don't know that's that might be one of the reasons for
• 38:08
  inflation moving forward. Maybe you don't like the M1
• 38:10
  money supply metric. Well, let's go just go look at
• 38:13
  the M2 money supply again. It looks like we're seeing an
• 38:17
  increase in the money supply somewhere around 2020.
• 38:21
  We have you know it was 15 trillion.
• 38:23
  Now we're roughly around 21 trillion.
• 38:27
  Remember they printed about 1.7 trillion during 2020.
• 38:31
  They continue to print money ever since.
• 38:33
  I, I think the metrics we used to use the metric that since
• 38:36
  2020 we 40% of the money supply. I think now people are saying
• 38:41
  it's 80% of the money supply. Anyways, they're printing an
• 38:45
  obscene amount of numbers. So, you know, Janet Allen says
• 38:48
  it just printing some money only it's only a little bit of the
• 38:51
  factors for causing inflation. But as we all know, inflation is
• 38:54
  going absolutely out of control. And it all has, you know, one
• 38:58
  date where things start to get crazy and of course it's 2020.
• 39:02
  So here we go, CPI of all urban consumers prices and you can see
• 39:07
  it is going up now literally every metric you want to look at
• 39:12
  it all has this increase around 2020.
• 39:16
  So, you know, they can dash light us and say that yeah, it,
• 39:20
  you know, printing all that money, it was needed.
• 39:22
  We needed to keep the economy going.
• 39:24
  We had to keep the charade going.
• 39:26
  But that's not the reason why you're poor right now.
• 39:28
  That's not the reason why you're living paycheck to paycheck and
• 39:30
  have no savings. That's really supply chain
• 39:33
  issues when everyone knows at least all the Austrian
• 39:36
  economists and bitcoiners know it's the increase of the money
• 39:40
  supply, the expansion of the money supply, printing more
• 39:42
  money. That's what is causing
• 39:44
  inflation. That's what's making us poorer.
• 39:46
  That's what has to keep happening to keep the economy
• 39:49
  going. And again, you know, 2020, you
• 39:51
  can see the hockey stick and going to some some real
• 39:55
  inflation numbers. Again, I love this calculator
• 39:57
  here, US inflation calculator. Just very simply, you know you
• 40:00
  type in if in 20. 20 you purchase something for a dollar.
• 40:04
  What is it in actually dude? Does that have 2025 in here?
• 40:08
  Probably not. I don't know if they have the
• 40:09
  data yet. But never.
• 40:10
  It's same thing if you spent a dollar in 2020, how much would
• 40:15
  that product be worth in 2024? And it is 1.22 cents, $1.22,
• 40:22
  which means, you know, a cumulative rate of 21.9%
• 40:27
  inflation. I am, you know, I'd venture to
• 40:30
  argue that it wasn't because of supply chain issues, but it is
• 40:34
  absolutely incredible that she's still coming out here and saying
• 40:38
  that, oh, that's the real problem here.
• 40:40
  It was because the economy would stop.
• 40:42
  Yes, that what I would I would flip it.
• 40:44
  I would say that, you know, a little bit of the inflation was
• 40:47
  caused by the supply chain issues, the fact the world was
• 40:50
  closed down. The real problem here is the
• 40:52
  expansion of the money supply. Take this down to a fifth grade
• 40:55
  level. If you add more money into the
• 40:58
  system, that means, you know, all of that slush bucket of
• 41:01
  money going for the same amount of goods.
• 41:03
  I mean, inflation is going to go up.
• 41:05
  So I, I'm, it's hard for me to believe that they are that
• 41:10
  naive, that they don't understand economics when it's
• 41:12
  their job to understand economics, their PR.
• 41:16
  And, you know, kind of going back to what Chris was saying
• 41:19
  about Gary Gensler, of him kind of exposing the SEC for what it
• 41:23
  is. I think Janet Yellen's another
• 41:24
  example of that very same thing, of her exposing what the US
• 41:28
  Treasury is about. They will gaslight us as much as
• 41:30
  possible to try to rationalize printing more money, whether
• 41:34
  it's for foreign aid, whether it's for stimulating the
• 41:37
  economy. We all know that the game
• 41:41
  remains the same. They have to keep printing money
• 41:44
  to keep the Fiat economy going. And This is why as Bitcoiners,
• 41:48
  we go all in on Bitcoin. We are using a money that they
• 41:52
  cannot debase. And that's the underlying issue
• 41:55
  here. And This is why we always talk
• 41:57
  about inflation. It's not a sexy topic anymore
• 41:59
  because I think people are just kind of like, whatever, dude,
• 42:02
  like I'm poor. It is what it is.
• 42:05
  I need to work more. I need another job and there's
• 42:08
  nothing I can do to fix this. And we're always like, guys,
• 42:11
  everyone knows the problem, but there is a solution and it is
• 42:14
  Bitcoin. And This is why you need to save
• 42:16
  in Bitcoin. This is why you should have the,
• 42:18
  I would argue you're not financial advice here, but the
• 42:20
  majority of your savings in Bitcoin because they cannot
• 42:24
  debase your Bitcoin. And we all know the game's going
• 42:26
  to remain the same. It doesn't matter who's in the
• 42:28
  presidential palace. They're going to all print more
• 42:31
  money. They have to print more money to
• 42:33
  keep the economy going. The economy is on fumes right
• 42:36
  now and the only way that they can stimulate that is by
• 42:39
  continuing to print more money, expanding the money supply,
• 42:42
  which means inflation is going to go up.
• 42:44
  It's going to continue to go up. So you need to protect yourself.
• 42:46
  Don't let Janet Yellen gaslight you.
• 42:48
  Don't let this goblin gaslight you on what the real meaning and
• 42:52
  cause of inflation is. Anyways, I've I've rented
• 42:55
  enough. I've rented enough.
• 42:56
  Chris, what's your thought on Grandma Yellen telling us
• 43:00
  inflation is caused by supply chain issues and only a little
• 43:04
  bit because of the the amount of money they printed?
• 43:08
  You know, that's just a cop out. That's just her way of trying to
• 43:10
  blame companies, saying they're being greedy corporations.
• 43:13
  Let's be honest, Janet, you love printing money because that
• 43:17
  props up your donors like Goldman Sachs and Barclays who
• 43:20
  gave her over, I kid you not, $7.2 million in speaking fees
• 43:25
  from 2019 to 2021 before she took office as Treasury
• 43:29
  Secretary. You know, she's terrified of
• 43:31
  deflation. She doesn't want the dollar to
• 43:33
  go down because then she gets less than 7.2 million in
• 43:36
  speaking fees. So she needs to prop up them,
• 43:38
  you know, get the, the Federal Reserve to print more money to
• 43:42
  expand the balance sheet of the US Treasury in order for the
• 43:45
  stocks of the companies that give her money to give her more
• 43:48
  money. So, you know, I, I just think
• 43:50
  it's just just insanity. That's I'll just leave it at
• 43:53
  that. Like she loves the keeping the
• 43:55
  money spigot open so her donors can give her more money.
• 43:58
  And while, you know, everyone else is fighting over scraps or,
• 44:01
  you know, their cost of living gets more expensive and the
• 44:03
  quality of their goods goes down, she's able to stay ahead
• 44:06
  of that based on basically proper up this money printing
• 44:09
  and Ponzi scheme. You know, Bitcoin's not a Ponzi
• 44:11
  scheme, but the Fiat dollar is. Definitely no Bitcoin's a Ponzi
• 44:14
  scheme, not the Fiat dollar. Chris, what you, you quit
• 44:17
  spreading this fake news on simply Bitcoin.
• 44:19
  No, I I totally agree, man. It's absolutely wow.
• 44:23
  I'm getting I'm getting trolled about Janet Yellen right now.
• 44:26
  OK. Anyways, Elizar, you know, as
• 44:30
  someone that transacted Bitcoin, what's your thoughts hearing
• 44:33
  Janet Yellen? Also, you're not in the state so
• 44:35
  maybe this doesn't affect you, but what's your thoughts on
• 44:38
  hearing this this news here? Yeah, well, it definitely out of
• 44:43
  my, my scope, my context, but the comments are very are
• 44:46
  actually very funny. I I read about you maybe being a
• 44:50
  hand model. That's what I got from from
• 44:53
  that. So yeah, I, I think let's move
• 44:57
  on. I don't have a very particular
• 45:00
  position on this because of my, my lack of context.
• 45:04
  I'm sorry. That's great.
• 45:05
  That's great. That gives us more time to talk
• 45:07
  about your story here. So guys, again, if you didn't
• 45:11
  get here in the beginning, Elizar is a Bitcoiner, but he's
• 45:15
  not chronically and mentally ill like us on the Internet.
• 45:20
  He uses Bitcoin to survive, and he's actually been a part of
• 45:23
  some really interesting Bitcoin projects.
• 45:24
  So let's get into that. We'll talk all about that.
• 45:29
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  only conference that didn't shut down during 2020.
• 46:50
  Anyways, make sure you come down to Dallas.
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  You can meet the whole Simply Bitcoin team.
• 46:54
  All of us are going to be there. It's going to be awesome.
• 46:57
  We are going to stream it on the Internet for you guys, so if you
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  don't make it, make sure you catch the stream and of course,
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  scan the QR code. Use a promo code BBB 21 and you
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  can get $100 off your ticket. All right, let's talk with
• 47:11
  Elizar. Super awesome to get you on the
• 47:14
  show today. Let's do a little context here.
• 47:17
  I've been kind of teasing about it all day.
• 47:20
  You know, you're a Bitcoiner, but you're not following
• 47:23
  everything on Bitcoin Twitter like everyone else.
• 47:26
  Guys, surprise, there are Bitcoiners out there that aren't
• 47:29
  on the Internet and we have one in our mids.
• 47:32
  We have a Unicorn in our mids. So Elizar, I'm going to pass you
• 47:36
  the mic here. How about let's start with your
• 47:38
  Bitcoin story. You know, how did you get, when
• 47:41
  did you get in Bitcoin? How did you get in Bitcoin?
• 47:43
  And then, you know, we can talk about some of the things you
• 47:45
  worked on etcetera. So the floor is yours, Elizar, a
• 47:49
  Bitcoiner that isn't on. Bitcoin Twitter OK, sure OK
• 47:54
  guys, first of all, thank you for having me in this show is
• 47:58
  very interesting. I have to be honest, I didn't
• 48:02
  get like 15% of whatever happened in this, but I I love
• 48:08
  the energy and I love the opportunity to to to give you my
• 48:12
  input on Bitcoin being a complete non nerd into this.
• 48:17
  I'm I'm I'm full nerd into into my own thing, but this is this
• 48:22
  isn't it. I use it.
• 48:24
  I use it like transactionally mostly I've been working from,
• 48:29
  with clients from Canada, from from Europe, even Germany and I
• 48:37
  have been getting paid in, in, in Bitcoin and using, using it
• 48:41
  as a transactional platform. It's been amazing because I, I
• 48:45
  don't have been having to worry about any transaction fees,
• 48:53
  international banking, whatever fees and that, that crippled my
• 48:58
  earnings and that's been great for me.
• 49:01
  Basically, this is the main benefits that I, that I get from
• 49:07
  Bitcoin. I've been using it basically for
• 49:10
  what, 7-8 years in and out. Like I get my money, I take some
• 49:16
  of it out to, to eat, to pay my bills, to invest in, in, in a
• 49:21
  little bit of land. I, I even have been blessed with
• 49:26
  the opportunity to buy my house with my wife here in, in Panama
• 49:32
  to invest in, in other property in inside the country.
• 49:39
  And mentally, I'm going to say, yeah, I, I would have been able
• 49:45
  to, to get paid for my work as a graphic designer and content
• 49:51
  creator via traditional banking. But having the, the, the
• 49:59
  benefits of using the platform of Bitcoin as a transactional
• 50:04
  tool has been very, very helpful.
• 50:07
  And the fact that the money that remains in my wallet keeps
• 50:12
  getting a little bit bigger and bigger, it's just amazing.
• 50:15
  I haven't seen this experience in, in, in any other context in,
• 50:21
  in, in financial, in my financial life.
• 50:27
  So there's that. Absolutely love it.
• 50:30
  This is this is, This is why we love Bitcoin.
• 50:34
  And and I've been actually saying this for a little while
• 50:36
  that I think moving forward we're, we're going to see more
• 50:40
  examples of people like yourselves that that, you know,
• 50:44
  they don't need to understand everything about Bitcoin.
• 50:47
  They just understand that Bitcoin helps them in their
• 50:49
  lives. And you know, that's the killer
• 50:50
  app for Bitcoin. Like you said, you're like,
• 50:52
  look, I've been in Bitcoin for seven years.
• 50:55
  I don't follow anything on the Internet.
• 50:57
  I, you know, I'm focused on my job.
• 50:59
  All I do is I get paid in Bitcoin all from all around the
• 51:03
  world. And that's such a beautiful
• 51:05
  thing. And I think so many people
• 51:07
  forget about that because a lot of bitcoiners, you know, we're
• 51:09
  we're chronically online, like all we do is online, You know,
• 51:12
  we're all watching the price, we're all watching new news
• 51:14
  story. And I think you are an example
• 51:18
  of what a lot of people are going to be moving forward that
• 51:21
  it's like, look, it helps me get paid easier.
• 51:24
  And whatever I don't spend goes up.
• 51:26
  And this is when you're like, look, I'm a bitcoiner, but I
• 51:28
  don't need to understand everything about Bitcoin.
• 51:30
  I just need to understand how it works, how to set up a wallet,
• 51:33
  how to get paid in it. And my life is better.
• 51:36
  And I think this is a great example of that, man.
• 51:39
  So absolutely love to hear it. Actually, one thing before I
• 51:42
  pass it over to Chris, because Chris, do you want to time in on
• 51:45
  this topic? Because I do want to plug some
• 51:47
  of the stuff that Elizar's worked on.
• 51:49
  Yeah, definitely. I was just going to say Opti,
• 51:51
  like not everyone's the 1%, one of the 1% that cares about the
• 51:53
  new wallet that came out or the new Twitter drama that dropped
• 51:57
  or Noster or any of those things.
• 51:59
  I definitely think like Elazar, I think you are in the majority
• 52:02
  in the future. What I mean by that is like, you
• 52:04
  know, the people that want to understand how Bitcoin operates
• 52:07
  and runs are going to be smaller, a smaller population
• 52:11
  relative to the number of people that come into Bitcoin.
• 52:13
  Just like some people obsess over cars, some people obsess
• 52:16
  over real estate, some people obsess over painting, whatever
• 52:18
  it may be, like you're like a subset of the population and
• 52:21
  this is just the best money Opti.
• 52:23
  Imagine if this was a banking or a Fiat podcast where like, oh,
• 52:26
  the dollar, like, you know, Jerome Powell said this and then
• 52:29
  now Bank of America raised their rates by this and like, you
• 52:31
  know, this is a good thing because the overnight.
• 52:34
  Wait, wait, wait, wait, Chris. That's just called the news.
• 52:37
  That's just called. The mainstream news is here.
• 52:39
  Pretty much, Pretty much. But no, yeah, Eleazar, I give
• 52:42
  you props for just being like, oh, this is better money.
• 52:45
  It's easier to transact. I don't have Western Union
• 52:47
  stealing more of my money. This is awesome.
• 52:50
  And they're just like, I do awesome stuff with photography
• 52:52
  and on Instagram, and I just save the rest in Bitcoin.
• 52:55
  So I think that's awesome. Yeah, incredible, incredible.
• 52:57
  All right, Eleazar, let's you know this is a Bitcoin show.
• 53:02
  You're not just, you know, a random guy here that uses
• 53:06
  Bitcoin. You've actually been a part of a
• 53:08
  project that a lot of our audience is familiar with and it
• 53:12
  is designing AAI would say, you know, a cult classic in the
• 53:15
  Bitcoin space at this point. So you want to plug that and
• 53:18
  I'll, I'll full screen you so you can show it to the audience.
• 53:21
  Yeah. Absolutely.
• 53:21
  Let me let me get it, OK. I am a graphic designer and I
• 53:25
  have been working with Benjamin Dichter.
• 53:27
  You might know him. He's a like like a really good
• 53:31
  friend and and hero of mine. I, as a graphic designer, helped
• 53:35
  him put this book together. He wrote the words and I
• 53:39
  basically made it happen in my graphic designer skills and also
• 53:46
  helped him make the website and all of the graphic things that
• 53:52
  you might have seen about Honky for Freedom and the truck
• 53:57
  movement. I have been helping with that
• 54:00
  and getting paid in Bitcoin. So basically that's how I plug
• 54:05
  into your show. I got paid in Bitcoin for this
• 54:09
  and many other projects from abroad also.
• 54:13
  Well, yeah, like other books and editorial things like that.
• 54:19
  But yeah, it's been amazing to be part of this being a
• 54:26
  Venezuelan in Panama, I basically have some context
• 54:31
  about what's going on into, into the mechanics of the the regime
• 54:39
  that's going on there and, and how this this story's been so
• 54:46
  inspiration, inspirational for for what's going on right now in
• 54:50
  Venezuela. And and yeah, going back to, to
• 54:55
  what you said about about being the mainstream, I am totally
• 54:59
  ignore me. And being able to get paid in in
• 55:04
  full for this project was very, very refreshing for me.
• 55:11
  I knew Bitcoin, so I, I didn't go insecure about, about this.
• 55:15
  It was, it wasn't like a weird thing, like a, like a scummy
• 55:19
  sort of things. It was very straightforward for
• 55:23
  me. OK, this is what the, the
• 55:25
  Bitcoin price is today. This is what I'm getting.
• 55:28
  And that's what I got. And it's been very simple and
• 55:34
  very straightforward for me. The, the payment was one of the,
• 55:38
  the, the easier things in around this project.
• 55:42
  So I'm, I'm very happy to be part of that.
• 55:45
  And, and well, thank you for, for letting me share my, my
• 55:49
  basics, basic experience with Bitcoin with you and your and
• 55:55
  your amazing audience. I love the comments.
• 55:57
  Yeah, I know. I mean, look, I think this side
• 56:01
  of Bitcoin doesn't get talked enough in in the space in
• 56:04
  general. There's always talk about like
• 56:06
  the macroeconomics. There's always talk about like
• 56:09
  building circular economies within Bitcoiners.
• 56:13
  There's always talk, of course, of like the price gain or right
• 56:16
  now the the new rage is the nation state adoptions of
• 56:19
  Bitcoin or strategic Bitcoin reserves.
• 56:22
  But I think this is a powerful story of just, you know, a
• 56:26
  normal guy didn't didn't get, you know, falling down the
• 56:30
  Bitcoin rabbit hole. He's just like, I needed a way
• 56:32
  to get paid by international clients and Bitcoin solved that
• 56:38
  problem for me. And if you talk to random normal
• 56:42
  people that are skeptics around Bitcoin, this is a use case
• 56:45
  here, guys. You get paid from anyone around
• 56:47
  the world very simply, very fast.
• 56:50
  It's not that difficult to just download a Bitcoin wallet on
• 56:53
  your phone, send someone an address and get paid for
• 56:56
  services that would not only steal from you if you paid in
• 56:59
  normal, in normal terms, but just goes directly to you.
• 57:03
  So I think this is a powerful story here.
• 57:05
  And I think, like Chris and I were saying earlier, this is
• 57:08
  going to be, I think how a lot of of new people, a new entrance
• 57:11
  in the space become Bitcoiners just figure out a way to get
• 57:15
  paid for the things you're doing.
• 57:17
  There's so many hula hoops and obstacles to go through in the
• 57:19
  traditional banking system that now it's just like, look, send
• 57:22
  an invoice, pay me. It goes through in 10, you know,
• 57:25
  one hour and you get to work and it's absolutely beautiful.
• 57:29
  It really does make the world more interconnected when you
• 57:31
  have a money that doesn't have all of these walls and barriers
• 57:35
  to to just transact. And I think this is a beautiful
• 57:38
  story. So shout out to you, Elizar, if
• 57:40
  you want to, you know, we can chat a little more at the
• 57:43
  actually, let's chat about the content you're making.
• 57:45
  I do have your website here. You, you are a fellow content
• 57:48
  creator. I don't think you're fully
• 57:50
  obviously not a Bitcoin content creator, but you can plug your
• 57:53
  skills, your services, maybe someone wants to hire you for a
• 57:56
  graphic design, etcetera. Yeah, well, basically I right
• 58:01
  now I'm I'm diving fully into content creation for clients in,
• 58:06
  in video format for social media and for websites.
• 58:09
  And this is my my main website. Basically I, I talk about
• 58:17
  portrait photography, about video.
• 58:19
  I have a book that I it's going to be all in Spanish.
• 58:23
  So I apologize for your, your English speaking audience, but
• 58:29
  yeah, I have a book about portrait photography.
• 58:31
  If you, if you're brave enough to to go through my, my Spanish
• 58:38
  and want to learn about portrait photography.
• 58:42
  That's my journey on on that subject.
• 58:45
  And a few years ago I started to, to diving deep into video
• 58:50
  creation for, for clients. As I said, here in Panama, I
• 58:54
  have several important clients and it's been great.
• 58:58
  I, I haven't get paid yet in Bitcoin for this, but yeah,
• 59:03
  basically that's what I do. And I'm very, very happy about
• 59:09
  that. And actually, I'm very also very
• 59:13
  excited about hearing my friends slowly getting getting to know
• 59:20
  Bitcoin. And, and you said that it's,
• 59:22
  it's quite easy to open a wallet, open, open a user and
• 59:27
  verify yourself into into a marketplace like like local
• 59:33
  bitcoins. Where is where I where is where
• 59:37
  I used to have my, my, my Bitcoin saved.
• 59:40
  So Benjamin Dichter, the author of Honking for Freedom, heard me
• 59:47
  say these hideous words and he immediately got me opening a
• 59:55
  wallet into one of these apps. It's called Exodus, I think, and
• 1:00:01
  I got my money into there. I used to work with another
• 1:00:06
  marketplace that. Went down I don't remember the
• 1:00:11
  name right now. I'm sorry my please forgive my
• 1:00:14
  ignorance into this and how loosely I work with Bitcoin, but
• 1:00:22
  I got like an e-mail, hey, we're going down.
• 1:00:25
  Please retire or withdraw all of your Bitcoin.
• 1:00:29
  And I say, wow, what's happening?
• 1:00:31
  And I moved my bit of money into local bitcoins, believing that
• 1:00:37
  there I was being savvy and, and and my, my beacon was was safe.
• 1:00:42
  So Benjamin saw this tragedy and and got me into into a real
• 1:00:47
  wallet. He spent the he's the best.
• 1:00:50
  He spent a whole afternoon with me like going step step by step
• 1:00:55
  OK here, there. And, and that's where I want to,
• 1:00:59
  to get here because I know you're very into the, the depth
• 1:01:03
  of bitcoins and, and talking about the intricacies and, and
• 1:01:06
  what's going on into a very granular level.
• 1:01:09
  But for us, the norm is, is very intimidating to open up a into
• 1:01:17
  this world. It's like a very unknown and,
• 1:01:21
  and all of the terminology is very technical and intimidating.
• 1:01:27
  I will say so I liked I I I'm here for all of the normies out
• 1:01:33
  there to to be like, like the spokesperson for them to guys,
• 1:01:41
  you know the thing. But Please be patient with us,
• 1:01:44
  help us out and and for as easy it might seem, it is very
• 1:01:50
  intimidating for for regular people to, to make the jump to,
• 1:01:54
  to. So I was very lucky.
• 1:01:56
  I had my handheld for for a very understood man in, in, in this
• 1:02:04
  subject that helped me out a lot.
• 1:02:07
  And if you're up there and you have the opportunity to, to have
• 1:02:11
  someone interested enough into putting their money into, into,
• 1:02:17
  into Bitcoin, please help them out.
• 1:02:20
  Give them take them by by the hand and, and help them opening
• 1:02:25
  up the account to do the the word puzzle thing and put it
• 1:02:30
  safe. And and yeah, that that would be
• 1:02:34
  great for for to keep democratizing the, the Bitcoin
• 1:02:42
  system for for all of the normal people out there.
• 1:02:47
  I love it. I love it.
• 1:02:49
  I think, you know, going into 2025, I think that's a good
• 1:02:52
  message for all of us, especially we've been in
• 1:02:54
  Bitcoin. I don't know, I've been in
• 1:02:56
  Bitcoin since 2017. What?
• 1:02:57
  This is my 8th year at this point.
• 1:02:59
  I think Chris is pretty similar also eight years and you have
• 1:03:03
  these conversations with your friends and family and they
• 1:03:06
  always give you this look of like, what are you even talking
• 1:03:10
  about? And you forget when new people
• 1:03:12
  come up. You're you're kind of like very
• 1:03:15
  short with them. You're you're very much like I
• 1:03:18
  ain't got time to explain it to you, but I love getting this
• 1:03:21
  message again for everyone out here on the shows.
• 1:03:23
  Guys, be patient with your normies out there.
• 1:03:25
  You know, love your love your normie friends and family.
• 1:03:29
  If they do come to you, don't be an asshole and be like, you're
• 1:03:32
  an idiot. You should have bought it eight
• 1:03:34
  years ago. And I told you, you know, you
• 1:03:36
  don't have to spend time with everyone that asks you, but the
• 1:03:39
  people that you love, your good friends, you, you should be a
• 1:03:42
  little patient with them because it is intimidating.
• 1:03:44
  This is something I tell everyone on the show constantly
• 1:03:46
  is even when we do the show in the beginning, like when we're
• 1:03:50
  packaging everything, we try not to use all of the Bitcoin slang,
• 1:03:55
  all of the vernacular, all the terms that are so simple to us.
• 1:03:59
  We forget that not everyone understands even a small portion
• 1:04:03
  of the stuff that we do. And there is an asymmetric
• 1:04:06
  knowledge misunderstanding here, or rather for us, asymmetric
• 1:04:10
  understanding of what's going on with Bitcoin, that we're still
• 1:04:13
  very early in this Bitcoin thing.
• 1:04:15
  And so, you know, getting stories like yours out here on
• 1:04:17
  the show explaining to other people out there at least
• 1:04:20
  watching this that, hey, there are Bitcoiners in the wild.
• 1:04:23
  There are unicorns out there that aren't chronically online
• 1:04:27
  talking about Bitcoin, using it, Bitcoin to survive and live
• 1:04:31
  their life and get paid and really focusing their energy on
• 1:04:35
  things other than Bitcoin, which I think is one of the the next
• 1:04:39
  developments we'll be seeing from a lot of people is just
• 1:04:41
  like, yeah, Bitcoin's my money. But like Chris was saying
• 1:04:44
  earlier, you know, you don't sit around and, and really think
• 1:04:48
  about all the things that the Federal Reserve is doing or, you
• 1:04:51
  know, inflation, interest rates, unless you're a trader, you're
• 1:04:54
  just like, hey, pay me in dollars.
• 1:04:57
  I'm trying to go eat a burger, bro.
• 1:04:58
  Like, I, I don't need to know everything about this.
• 1:05:00
  I just need to know how to get paid, save my Bitcoin, back it
• 1:05:04
  up. And this is, I think how a lot
• 1:05:06
  of people are going to get into Bitcoin.
• 1:05:07
  But Chris, jump in. Let's do one more comment wrap
• 1:05:11
  up and then I'll give Elizar one last word for the people out
• 1:05:14
  there. Yeah, no, Elizar, I completely
• 1:05:18
  agree. And I think that's really good
• 1:05:19
  advice. I've known being an engineer in
• 1:05:22
  degree and then also, you know, working in the Bitcoin space, I
• 1:05:26
  think engineers like to over complicate things or give them
• 1:05:29
  horrible names, notoriously bad at naming things in terms of
• 1:05:33
  like all the different namings of wallets and stuff.
• 1:05:35
  But to your point, like, you know, we always like I'm not a
• 1:05:38
  developer, but like developers appreciate the feedback.
• 1:05:41
  So if you're like, hey, this doesn't make sense, this is
• 1:05:43
  confusing or I broke it. Developers really, since it's an
• 1:05:46
  open source project, Bitcoin as a whole, they really appreciate
• 1:05:48
  feedback from user like, hey, I'm a normie.
• 1:05:50
  I don't understand this. I need send, receive and save.
• 1:05:53
  Like that's like, you know, if you can keep me at that, like
• 1:05:56
  that, that's a good spot. Like I don't need to know all
• 1:05:58
  the intricacies. So a lot of times while
• 1:06:00
  developers, they're like, if you tell them like if you can keep
• 1:06:02
  it simple or like a basic like user and an advanced user and
• 1:06:06
  like hide a lot of the things you don't need to see unless
• 1:06:08
  you're looking for those. Like that's a very good thing
• 1:06:10
  and a very good way to help the user interface and the user
• 1:06:13
  experience basically. But yeah, I guess the one thing
• 1:06:16
  I'll say to you, LSR, is ignore me saying to these crazy
• 1:06:19
  Bitcoiners work with us that we're insane.
• 1:06:21
  We're super passionate, but it's going to take time and a little
• 1:06:23
  bit of sweat equity and stress in order to get like the future
• 1:06:27
  that we want to see. Amazing.
• 1:06:28
  Yeah. And I appreciate so much that
• 1:06:30
  the fact that you have me here and I can, I can like bring down
• 1:06:37
  a couple of notches the the conversation for for people to
• 1:06:40
  understand a little bit better. And yeah, well, my final plug
• 1:06:43
  will be if you have a project book or a website that you want
• 1:06:47
  to build and you want to be charged in Latin American fees,
• 1:06:53
  you can contact me. And if you, if you, if you want
• 1:06:55
  to pay me in, in, in Bitcoin, it's totally on the table.
• 1:07:01
  It's going to be great. And and yeah, we here in, in
• 1:07:05
  Latin America, I'm in Panama again.
• 1:07:07
  And, and there is a, there's, there are markets everywhere,
• 1:07:10
  but the percentage, the percentage of people that that
• 1:07:14
  uses the, the platform is very, very reduced.
• 1:07:18
  And, and, and we don't even talk about it anymore.
• 1:07:21
  And, and anymore, I, I mean, we don't even talk about it Like
• 1:07:26
  with regular people. It's Bitcoin.
• 1:07:28
  Ah, you do Bitcoin, OK, Like, OK, good for you, but it's not a
• 1:07:32
  regular conversation. And if you, if you are lucky
• 1:07:35
  enough to to have friends to on their own, go into, into, into
• 1:07:41
  the world, the Bitcoin world and do the research and and now the
• 1:07:46
  conversation is getting a little bit more and more mainstream.
• 1:07:52
  Yeah, I think the work is being done.
• 1:07:55
  And as a, as AQA in some point of my life, I will definitely
• 1:08:01
  will, will encourage to, to, to make that, that conversation,
• 1:08:07
  that UI more friendly, more like request payment, pay transfer
• 1:08:13
  and, and, and because it's very intimidating.
• 1:08:15
  It's a list of, of coins of USDBTC and, and I'm not sure
• 1:08:27
  what what to do with that. It's kind of overwhelming going
• 1:08:31
  and trying to sell because I, I have done it.
• 1:08:34
  I I constantly do it for for for clients abroad.
• 1:08:42
  I like my my third time into into well, for example, local
• 1:08:48
  bitcoins. I can get a transaction going,
• 1:08:50
  but oh right, USD T Oh no, no, is is USDBTC or whatever is.
• 1:08:58
  I know I sound like a like a retarded for most of you in the
• 1:09:01
  comments, but if you really want to make this mainstream, I think
• 1:09:08
  it's going to have to go through a lot of simplification and to
• 1:09:13
  dumb it down for people. So that will be my one thing
• 1:09:22
  talking forward into into into the conversation of of Bitcoin
• 1:09:26
  for democratizing it as the the banner of Bitcoin says, right,
• 1:09:31
  like democratizing transactions for everyone, right.
• 1:09:35
  Well, keep working on that. Love it, love it.
• 1:09:40
  Well, hey, look, I am an iPhone user myself.
• 1:09:43
  I get, I get a lot of trash from all of my Bitcoin friends, but
• 1:09:48
  hey, it just works it's simple. That's why I like it.
• 1:09:52
  And you know, the, I think, I think there's been a lot of
• 1:09:56
  moments in the Bitcoin space where we talk about like the
• 1:09:59
  Bitcoin iPhone moment. And to your point, I, I don't
• 1:10:03
  think we're there yet, but we are working our way there.
• 1:10:06
  Obviously, I'm just, I'm just a guy who talks about Bitcoin
• 1:10:09
  constantly. So to our friends out there that
• 1:10:11
  are devs, we love you guys, but this is the uphill battle And
• 1:10:15
  and you know, shout out to beauty on.
• 1:10:17
  Beauty on gets a lot of trash. He's a bitcoiner on Twitter and
• 1:10:20
  he says this constantly. It's guys.
• 1:10:22
  You're not making products for other developers.
• 1:10:25
  You're making products for normal people and I think Elazar
• 1:10:28
  is a, is a good example of what a normal person is thinking.
• 1:10:31
  And you're brave enough to come on a Bitcoin show and be like,
• 1:10:34
  hey, I don't really understand all of this Bitcoin stuff, but I
• 1:10:38
  use it every single day to survive.
• 1:10:40
  So this is what we're dealing with guys.
• 1:10:43
  And man, more power to you, Elazar wish to see you thrive
• 1:10:47
  and succeed in the future. Hopefully, maybe some of our
• 1:10:50
  audience will reach out to you. And so for the audio listeners,
• 1:10:53
  where can people find you? Thank you very much.
• 1:10:56
  OK, for the audio people listening, you can find me on my
• 1:11:01
  website LA dot dot photo. Can you can you put that on the
• 1:11:06
  on the screen? Yeah, yeah, it's on the screen.
• 1:11:08
  Dot PHOTO that will be the handle that the the address and
• 1:11:17
  on Instagram I upload regularly. You can find me as ELE dot
• 1:11:24
  PHOTO, lower dash, lower dash is it under score under score.
• 1:11:30
  There you go. And that will be me all over the
• 1:11:33
  Internet. Thank you for having me, guys.
• 1:11:35
  It's been amazing to talk to you and, and, and to understand a
• 1:11:38
  little bit, a little bit of, of the episode today.
• 1:11:42
  Now it's great, man. I I think this is a great fresh
• 1:11:45
  perspective that we haven't had on the show in a long time.
• 1:11:47
  Usually it's just a bunch of bit corners.
• 1:11:49
  You know, it's it's usually a circle jerk of bit corners and
• 1:11:52
  we all know what we're, you know, know the same things say
• 1:11:55
  the same things. So it's good to get someone a
• 1:11:57
  little fresher on talking about how they use Bitcoin.
• 1:12:01
  Anyways, that was all. Let me put you behind the scenes
• 1:12:03
  real quick. Hang out for a second and I will
• 1:12:06
  plug Chris. Chris, thanks for filling in
• 1:12:09
  guys. If you were wondering why Nico
• 1:12:11
  wasn't here today, he he had to go to the the hospital doctors.
• 1:12:16
  I think he's getting his tonsils checked out guys.
• 1:12:18
  So hopefully Nico's back healthy on Monday, but the show goes on.
• 1:12:22
  So, Chris, appreciate you shows one more time and we'll wrap up
• 1:12:25
  today's show. Yeah, no, just stay.
• 1:12:29
  Humble stack sats. You know, this is a long game
• 1:12:32
  going for your future self, for your family, for your bloodline.
• 1:12:35
  So stay humble. Stack Sats.
• 1:12:36
  And then I've been using Noster a lot more so you can find me at
• 1:12:39
  chrisalemo@primal.net. So he's trying to use that a lot
• 1:12:42
  bunch more over Twitter. So let's go plug plug your end
• 1:12:47
  pub. Yeah, I'm not doing the whole
• 1:12:49
  end pub, just Crystal Lamo at. Final.net, that's where you can
• 1:12:52
  find. I'm just showing.
• 1:12:53
  All right, Chris, thanks for showing up.
• 1:12:55
  Today, thanks for filling in. Let me pull you behind the
• 1:12:57
  scenes, all right, boys and girls, mainly boys, but some
• 1:13:01
  girls. This was the Friday show for
• 1:13:03
  January 10th. We made it one more week.
• 1:13:05
  We have a long way to go for 2025.
• 1:13:08
  And I think a a theme for today was, you know, guys, there's
• 1:13:13
  still a lot of work to be done to educate your friends and your
• 1:13:16
  family. There's still a lot of mis
• 1:13:18
  education coming out of mainstream media.
• 1:13:20
  There's still a lot of work to be done.
• 1:13:23
  It doesn't necessarily need to be you, but just understand this
• 1:13:25
  is where we are. We're still early in the game,
• 1:13:27
  so 25 is going to be a big year. On that note, guys, get outside,
• 1:13:31
  touch some grass, eat some good food, call your loved ones.
• 1:13:35
  It's not just about stacking Bitcoin, it's about being an
• 1:13:39
  awesome bitcoiner. On that note, guys, peace out.
• 1:13:42
  See you on Monday. Today's episode was brought to
• 1:13:45
  you by. Bitcoin well dot.
• 1:13:47
  Com A Bitcoin only platform on a mission to enable financial
• 1:13:50
  independence.