Latest / Simply Bitcoin / How Much Bitcoin do YOU Need to Retire!? | EP 935

Transcript

How Much Bitcoin do YOU Need to Retire!? | EP 935 · Simply Bitcoin

• 0:03
  It's all going to zero against Bitcoin.
• 0:07
  It's going up forever. You're against Bitcoin.
• 0:17
  You're against freedom. Yeah, Welcome to another episode
• 0:25
  of Simply Bitcoin Live. You're number one source for the
• 0:26
  peaceful Bitcoin revolution. Code breaking news culture.
• 0:29
  Matic Warfare will be your guide through the separation of money
• 0:33
  and state. Opti is telling me the wrong
• 0:35
  mic. I don't know why Restream keeps
• 0:38
  doing this holy crap talk about, you know I think a question that
• 0:45
  a lot of us ask which is how much Bitcoin do you need to
• 0:49
  retire and when is that date going to arrive and a buddy of
• 0:54
  ours actually came up with this software or this.
• 0:58
  Like I don't know what you call this program and it's called
• 1:01
  when moon. And essentially what you do is
• 1:04
  you plug in the amount of Bitcoin you own.
• 1:07
  The you're of course, you're speculating what you what.
• 1:10
  You're what the speculative return is going to be over, you
• 1:14
  know, compounding over the next couple of years.
• 1:17
  And then you put in the inflation rate, right.
• 1:20
  And then that calculate gives you a calculation and then
• 1:24
  you'll kind of have a rough idea of when it is you'll be able to
• 1:29
  retire, live off your Bitcoin with a certain amount of income.
• 1:33
  So we're going to go through all that today and then we're going
• 1:36
  to go through a bunch of different data sources,
• 1:40
  different things that I think you'll find interesting.
• 1:42
  We've done a couple episodes on this topic before and it seems
• 1:44
  like you guys have enjoyed it. So we're going to give you guys
• 1:48
  what the people want and other news also.
• 1:51
  I don't know if Opti has talked about this.
• 1:53
  I've been out the last couple days.
• 1:55
  It's kind of strange, but it's awesome.
• 1:59
  It's a blessing and shout out to Opti for holding it down.
• 2:02
  But we're also gonna talk about the Satoshi emails.
• 2:06
  So a lot of emails were uncovered because of the
• 2:11
  lawsuit. Craig Rice versus Copa and it
• 2:14
  seems like Adam Back and a lot of these Bitcoin ogs showed a
• 2:19
  lot of their early correspondence with Satoshi to
• 2:24
  prove that Craig Wright is not Satoshi.
• 2:28
  So, but I wanna hit it differently because a lot of
• 2:31
  people were covering about the emails and think about it right.
• 2:36
  Satoshi is this mythological figure.
• 2:39
  We everyone has explored every single piece of communication of
• 2:46
  Satoshi. And it's been a very long time
• 2:48
  since we've seen new correspondence, right?
• 2:51
  And then because we're seeing new correspondence, all of a
• 2:54
  sudden you see a little bit more of his personality, you see a
• 2:58
  little bit more or her personality, you see a little
• 3:00
  bit more of of the person behind behind Satoshi Nakamoto.
• 3:05
  But what I got to say is that one of the best things that
• 3:08
  Satoshi did, other than create Bitcoin of course, was
• 3:15
  disappear. If Satoshi didn't disappear, I
• 3:19
  would think that would be a net negative for the movement.
• 3:22
  And if you compare and contrast that with every other, you know,
• 3:25
  cryptocurrency, the founder usually sticks around.
• 3:30
  But the fact that Satoshi disappeared, the fact that
• 3:32
  Satoshi created one of the most powerful, not only you know,
• 3:39
  movements, technology, whatever you want to call it and he had
• 3:43
  the humility to walk away from it and leave it to its own
• 3:47
  devices. I think it's a big effing deal
• 3:50
  and I think it's way better that way.
• 3:53
  And it and it reminds me of you know, one of the most important
• 3:56
  things that George Washington did here in the US was he
• 4:02
  stepped away from the presidency after two terms even though he
• 4:06
  would have been re elected again.
• 4:08
  And then that set kind of an example because he didn't want
• 4:12
  to be a king, right. You know, created this nation
• 4:17
  and he stepped away from it. Right.
• 4:19
  So Satoshi created this beautiful technology that we're
• 4:23
  all benefiting from that the world is going to benefit from
• 4:26
  that the wall that Wall Street is starting to get a taste of
• 4:30
  and can't resist it. And he stepped away.
• 4:34
  So I don't want Satoshi to come back.
• 4:37
  I don't think he's going to come back.
• 4:39
  And most importantly, it's not important who Satoshi is.
• 4:43
  It's important what Satoshi did, what he created.
• 4:46
  But Bitcoin is much bigger than every than any one person,
• 4:52
  right? You know the saying, we are all
• 4:54
  Satoshi. I truly believe that.
• 4:57
  Anyways, it's going to be a great show.
• 4:59
  We got Opti in the hot in 4K smiling.
• 5:03
  So it's going to be a great show when Opti and he's he's wearing
• 5:07
  like Dolce Gabbana, you know? Just a flannel guys.
• 5:12
  This is nice. This is flannel.
• 5:14
  Opti's like flexing. I'm wearing the Bitcoinwell
• 5:16
  shirt today. Where's my merch at now?
• 5:20
  Also, before I go on guys, forgive the video and the green
• 5:23
  screen. I don't know what's going on
• 5:24
  with the restream. It was working perfectly the
• 5:26
  last couple of days, but I just popped on and it's acting really
• 5:29
  weird on me today. So maybe I need to update my
• 5:31
  browser? Everyone's been telling me to
• 5:33
  update my browser, but yeah man, here we are, Nico, We're back.
• 5:36
  We're back. We're back.
• 5:40
  We're back. We're.
• 5:41
  Back anyways anyways. I'll go, yeah.
• 5:43
  And of course we have Nate from Voltage who's gonna be joining
• 5:48
  us today. He's gonna talk to us about what
• 5:50
  Voltage is. And I got a lot of questions for
• 5:52
  him about the Lightning Network because like, you know, I'll be
• 6:02
  honest with you, I mean, and Ben the car man wrote about this the
• 6:05
  other day. I'm sure you read it, Nate,
• 6:08
  which is essentially like, dude, like Lightning is not that great
• 6:15
  right now. Like, it's it's just it's not
• 6:17
  that great and it needs a lot of work and I know Voltage is at
• 6:21
  the forefront of that right now and you guys are trying to fix
• 6:24
  that. So it seems like restream is
• 6:26
  fucking with Nate too. Dude, they must be working on
• 6:29
  something on the back end. All right, so hopefully we get
• 6:31
  Nate in here. We'll figure it out.
• 6:33
  We'll do some troubleshooting live.
• 6:35
  He we were literally just talking to him.
• 6:37
  So we'll see what happens. We'll see what happens.
• 6:39
  Popping back in. We're doing it live.
• 6:41
  Yeah. Restream's acting up.
• 6:43
  Nate, are you there? Can you hear us?
• 6:46
  Yeah, I heard everything until you, like, pulled me in and then
• 6:49
  all the sound died and I couldn't hear you so.
• 6:52
  It is. Restream.
• 6:53
  It is restream, It is restream. We're we're rolling with the
• 6:55
  punches. Anyways, Nate, what I was
• 6:57
  basically saying is that lightning is in a rough state
• 7:00
  right now. It's not easy to use, isn't.
• 7:04
  Even Nate's gonna counter it. All right, Nate, before you.
• 7:07
  Show up. I hope so, yeah.
• 7:08
  But he's in the belly. He, he.
• 7:12
  You're working right now. You're working for one of the
• 7:15
  companies that's trying to solve this problem and make lightning
• 7:19
  easy for institutions, for enterprises, for retail.
• 7:24
  So you're at the forefront of this, but I gotta say right now,
• 7:28
  if you wanna have a plug and play solution, it is not easy,
• 7:33
  right? There was the wallet of Satoshi
• 7:34
  in the US. They pulled out for regulatory
• 7:37
  reasons, but I jumped through the hoops the other day.
• 7:40
  I had to get invited to Albee. Then I had to plug that in with
• 7:45
  my Zeus wallet. And then it took me about an
• 7:48
  hour, hour or so to figure it out.
• 7:50
  And I have it figured out now. It works great.
• 7:52
  But it wasn't as easy as just downloading an app, right?
• 7:55
  And I I don't think we're gonna get this mass adoption of
• 7:58
  Lightning until we get to a point where it's as easy as
• 8:02
  downloading an app, you know? So maybe you disagree, but you
• 8:07
  work at what? Voltage, man.
• 8:08
  So you guys are trying to figure this out.
• 8:09
  What's your take before we jump into the show?
• 8:12
  No, I think what you said is extremely valid and true.
• 8:18
  We are having, as you said, the Wallace Satoshi issue where
• 8:23
  folks where these wallets that hold your funds for you but
• 8:28
  allow you to use lightning are starting to get spooked by
• 8:31
  regulatory things and pulling out of certain jurisdictions and
• 8:37
  stuff. So that leaves us with as an end
• 8:40
  user of Lightning, what is the easiest way I can download an
• 8:43
  app on my phone and start using it and folks have tried out
• 8:47
  these self custodial solutions, Phoenix is one of them.
• 8:51
  Zeus has an embedded node now but they're also encountering
• 8:56
  hiccups with that in that it because you're getting a
• 8:59
  channel, it costs an on chain transaction and on chain fees
• 9:02
  have been really high so far this year.
• 9:04
  They've come down a little bit, but you don't want to spend $10
• 9:07
  to to pay $10, you know what I mean?
• 9:10
  So that's that's really rough. One of the other things that are
• 9:15
  that is coming out in that category is, is the cashew
• 9:18
  stuff, specifically the E nuts wallet, which is phenomenal and
• 9:22
  I highly recommend you try out E Nuts if anyone you know wants
• 9:26
  to. It's called E nuts because it
• 9:28
  uses the cashew mint protocol. So you basically join a mint,
• 9:33
  but you can pay invoices and stuff.
• 9:36
  It's interesting, just give it a shot, you'll love it.
• 9:39
  But the what we're trying to fix not really fix what Voltage is
• 9:44
  trying to solve. And I think what Lightning in
• 9:47
  general is sort of pivoting to try to solve is how do we
• 9:53
  interconnect institutions together where instead of being
• 9:57
  strictly focused on just making micro payments or buying a
• 10:00
  coffee or whatever, how do we connect the globe together, the
• 10:04
  institutions together. So it's possible that the
• 10:07
  Lightning Network won't always be or at the end of the day
• 10:12
  won't be sort of I'm paying you 5 bucks for a slice of pizza,
• 10:16
  it'll be institutions settling with each other globally, you
• 10:22
  know every hour, everyday, something like that.
• 10:26
  So it's possible that the lighting network is going to
• 10:28
  become sort of a mesh network that connects these institutions
• 10:31
  together. And then maybe something like a
• 10:33
  Fedament like that will be more of what the end user uses in the
• 10:38
  future. And I mean in the future, I mean
• 10:40
  decades in the future. That's my personal opinion
• 10:44
  because in my opinion, I think on chain fees are still low.
• 10:46
  We just hit below 10 sets per V byte recently.
• 10:49
  So we're not at that point yet where we need to scale that out,
• 10:54
  but the Feniment protocol is extremely, extremely exciting
• 10:57
  and extremely, extremely active in development.
• 11:00
  So I think that these problems are known and people smarter
• 11:04
  than me are working on solutions for those.
• 11:07
  Yeah, absolutely. Absolutely.
• 11:10
  Yeah. I mean, some people, the chat's
• 11:11
  going wild anyways. Yeah, man, I'm excited.
• 11:15
  I'm excited to. They're commenting on the beard,
• 11:17
  bro. You they're saying you look very
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  Amish today. I'm excited to jump into.
• 11:21
  This. I'll take it, man.
• 11:22
  I love Beard Life. I'm excited to jump into this
• 11:25
  conversation, hear more about it.
• 11:26
  But anyways, ladies and gentlemen, no more delay.
• 11:28
  Let's jump straight into the show.
• 11:30
  We got a lot to talk about today.
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  Help us push the orange signal forward.
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  At the time of recording, the Bitcoin price is 56,900 SATS per
• 14:54
  dollar 1757. Block height 832,286 blocks to
• 15:01
  having 7714 having estimate April 19th, 2024.
• 15:07
  Total Lightning Network capacity 4500 81 Bitcoin Capacity value
• 15:12
  260 million U.S. dollars Realized Monetary inflation
• 15:16
  1.74% The market capitalization of Bitcoin 1.12 trillion U.S.
• 15:23
  dollars Bitcoin versus Gold market cap 8.1% Continuing to
• 15:28
  crawl up. Looks like we are in a very very
• 15:32
  good position. Ladies and gentlemen Bitcoin
• 15:35
  continues to moon. Quick update on the ETFs.
• 15:38
  The Fidelity ETF is almost it's close to breaking nine, 100,000
• 15:43
  Bitcoin. The BlackRock ETF is at 132,000
• 15:48
  Bitcoin. The the ARK Invest ETF is at
• 15:52
  33,000 bitcoins. So seems like everything is is
• 15:56
  popping out and it seems like you know there's leaders in the
• 15:58
  pack. So it seems like Kathy Wood,
• 16:01
  Fidelity and BlackRock seems to be the ones that are winning out
• 16:04
  of all the ETFs. But this is pretty crazy, man.
• 16:08
  It seems like the Vanek yeah, this is crazy.
• 16:10
  Wall Street can't get enough of it.
• 16:12
  Wall Street is addicted. And of course, bitcoin's
• 16:15
  incentives stay winning. Anyways, I did want to talk a
• 16:18
  little bit about the Satoshi emails.
• 16:21
  There was a big drop, like I said due to the lawsuit.
• 16:24
  Adam Back, you know, unveiled a lot of these emails.
• 16:29
  Here's Pete Russo does an incredible job, works at Bitcoin
• 16:31
  Magazine and I know he he's the editor at large at Kraken and he
• 16:36
  you know, in this thread he he shows a lot of the various
• 16:38
  emails. So first new Adam back's
• 16:40
  complete e-mail history with Satoshi Nakamoto was entered in
• 16:44
  the court records today. e-mail #1 Adam and Satoshi discussed
• 16:48
  Bitcoin four months before its official launch.
• 16:52
  Adam's reply here is Adam suggested that Satoshi
• 16:55
  investigate a paper called B Money.
• 16:57
  By way, Dai Dai was a well known cryptography on digital cash and
• 17:02
  is a frequently cited candidate for Satoshi.
• 17:05
  Satoshi thanks Adam. Here they discussed the be money
• 17:08
  idea and we can see Satoshi admitting he had never read the
• 17:11
  paper. e-mail #4 Adam still hasn't read the white paper a
• 17:16
  day. A day after first emailing
• 17:18
  Satoshi, Adam breaks back apologizing for for not reading
• 17:21
  the paper. He then directs Satoshi to
• 17:23
  another paper called Micro Mint. I've never heard this paper
• 17:26
  discuss the final e-mail. Satoshi.
• 17:29
  Thanks Adam again, and lets him know about Bitcoin's formal
• 17:32
  software release. According to Adam's public
• 17:35
  statements, he would he wouldn't look at Bitcoin again until late
• 17:39
  2012. And that's crazy, crazy, crazy
• 17:43
  stuff. So you guys could go check this
• 17:45
  out. You can check it out on Pete
• 17:46
  Russo's, you know, Pete Russo's Twitter account.
• 17:49
  But I I do want to focus on something.
• 17:52
  Here's NVKI think he says it best.
• 17:54
  Satoshi designed Bitcoin so that he or anyone independently
• 17:57
  wouldn't matter. Satoshi didn't want to be
• 17:59
  sanctified or worshipped. Satoshi didn't want to be known.
• 18:03
  Satoshi faded away. Respect his wishes.
• 18:07
  And here's Jack Mahler's basically saying you know, same,
• 18:11
  saying something very similar. I completely agree.
• 18:14
  By the way, who Satoshi is isn't important.
• 18:17
  What Satoshi did is extremely important, and I believe that
• 18:23
  the moment that he is unveiled, like if Satoshi's identity is
• 18:27
  discovered, I think it would be a more harmful for Bitcoin.
• 18:31
  I like the fact that Bitcoin has this kind of mythological back
• 18:37
  story, because as long as there's no single human being
• 18:42
  connected to the start of this movement, there is no
• 18:47
  metaphorical head to chop off, right?
• 18:49
  There is no one to go after. Every human is flawed, right?
• 18:54
  Every single one of us. And I'm sure that that's Satoshi
• 18:58
  or the group of people that are Satoshi or that were Satoshi,
• 19:01
  they're human beings, so therefore they had flaws.
• 19:04
  But what we have to look past and what we have to look back at
• 19:08
  as bitcoiners or you know, historians will look back at, is
• 19:11
  a couple emails, a couple posts on Bitcoin forum and most
• 19:15
  importantly, his proof of work. But the human element is removed
• 19:18
  altogether, right? So I like that.
• 19:21
  I think it's a positive. I think it's a it's a good
• 19:24
  thing. And he created it so that it
• 19:27
  could basically run itself. And and Bitcoin has been doing
• 19:30
  that way longer than when than Satoshi was back in the picture.
• 19:35
  So here's Jack Mahlers. And Jack Mahlers says Jack
• 19:38
  Mahlers calls for bitcoiners to stop speculation around the
• 19:41
  identity of Satoshi. Just check it out.
• 19:43
  I'm pretty pissed off, and I mean just kind of a little
• 19:47
  disheartened by the Bitcoin community to be totally candid.
• 19:51
  You guys got to stop speculating on who Satoshi is.
• 19:55
  You got to stop that shit. It's so Fiat of you.
• 19:58
  It's childish. It's it's, it is.
• 20:02
  I mean, it's it's so Fiat. You sound like a bunch of frat
• 20:06
  brothers trying to social climb up the curve.
• 20:10
  You've got to cut that shit out. It's so childish.
• 20:14
  It's also extremely fucking dangerous.
• 20:17
  It's extremely dangerous. I know my parents have had the
• 20:20
  pleasure of getting to meet Fran Finney.
• 20:23
  Hal's wife. And it is terrifying the amount
• 20:27
  of shit that she's had to go through even before this.
• 20:30
  It is so dangerous to put someone in that position to be
• 20:33
  the creator of Bitcoin and potentially the world's first
• 20:35
  trillionaire and then on top of that.
• 20:37
  Just the disrespect. To the guy or girl or they
• 20:41
  group, whatever, that clearly only wanted one thing.
• 20:45
  They only wanted to be anonymous.
• 20:46
  Clearly. When did Satoshi Nakamoto ever,
• 20:50
  ever ask for anything else from us?
• 20:52
  Right? Bitcoin was a gift to enrich
• 20:55
  humanity and shit coins are to enrich a small group of people,
• 21:00
  right? That's the whole thing.
• 21:02
  If this was a shit coin and it was, you guys want to go smear
• 21:06
  and attack Vitalik. Yeah, I'm never really for
• 21:09
  destruction of another human. But if someone's launching
• 21:12
  something to enrich themselves and you think they're being
• 21:14
  malicious or deceiving, that's that's a totally different ball
• 21:17
  game. This person gifted humanity was
• 21:19
  something, and everyone listening to this podcast
• 21:20
  probably gained an immense benefit from it.
• 21:22
  And the one fucking thing that they wanted is to just be left
• 21:25
  alone and just be left anonymous and none of us have bulletproof
• 21:29
  evidence. And so all you're doing is
• 21:30
  disrespecting this person that gifted us something so
• 21:33
  incredible. You're endangering other people
• 21:36
  and you're acting like fucking fear.
• 21:40
  I mean, Jack Mahler's went off a lot harder than I did, but yes,
• 21:45
  like it's not important. It's not important.
• 21:48
  And I I agree with the with the statement, It's dangerous not
• 21:52
  only to the individual, by the way, I don't think we'll ever
• 21:55
  find out. I mean, we all have our ideas,
• 21:57
  but I don't think we'll ever find out like concrete fact who
• 22:02
  Satoshi is. I don't think it's important who
• 22:05
  Satoshi is. Pay attention to his proof of
• 22:08
  work. His proof of work is here.
• 22:11
  We're all benefiting from it. And there is one thing that Jack
• 22:14
  said that's sauce. It's just signal, which is the
• 22:17
  idea that he said if Satoshi wanted to benefit just himself,
• 22:26
  he would have done what all the other altcoin founders did,
• 22:29
  which is they stayed in the picture, they stayed in the
• 22:31
  limelight, they got the fame. Satoshi didn't do that.
• 22:35
  He disappeared. He walked away.
• 22:37
  In fact, his coins don't move right?
• 22:40
  So I think that's a testament of what he wanted.
• 22:43
  This is a gift. Let's take advantage of it.
• 22:45
  We don't need to know who he is and it's not important that we
• 22:48
  know who he is. It's cool looking at the emails
• 22:51
  and it's like, you know, it's it's fascinating if you're a
• 22:53
  bitcoiner, but at the same time, you know, keep your eye on the
• 22:57
  prize and like Jack Mahler said, stop being Fiat Bro.
• 23:02
  Anyways, Opti, what's your take on this?
• 23:04
  And move on to Nate. Yeah, so sorry guys.
• 23:07
  My camera is this restream is acting up really bad today for
• 23:11
  me. I don't know what's going on.
• 23:12
  But yeah, I mean, I when I saw that Jack Mahler's pic or that
• 23:15
  video, I I totally agree. Like, you know, I know people
• 23:19
  like to speculate on who Satoshi is, but personally, like, I
• 23:22
  don't care. I don't want to know.
• 23:24
  I don't think we should want to know.
• 23:26
  I I just think like you know Jack Mahler's nailed it on the
• 23:30
  head when he's like look the only thing Satoshi ever asked
• 23:32
  from us is like I'm in a non. Don't try to find me.
• 23:36
  I gave you this let it ride. And even to that point I think
• 23:40
  you know Satoshi left what the Bitcoin project at like 2010.
• 23:44
  You know, we've we've been a, we've had no Satoshi in the
• 23:48
  picture longer than we actually had Satoshi in the picture.
• 23:51
  And at this point, guys like, I don't think we should speculate.
• 23:54
  But on that point, I think it is very interesting how the normies
• 23:57
  out there, like that's still a common floodline for them.
• 24:00
  It's like, Oh well we don't know who this guy is.
• 24:02
  Like maybe he's, you know, and to say or whatever, like maybe
• 24:05
  he's a bad guy and it's like, it doesn't matter at this point.
• 24:08
  He is no longer a part of the project.
• 24:11
  He's left the project a long time ago.
• 24:14
  And it doesn't really matter who he is.
• 24:15
  Like, at the very end of the day, let's just let Satoshi ride
• 24:19
  off into the sunset. He gave humanity the best
• 24:22
  technology ever. And like, let's just let him be
• 24:24
  a non. And so it is very interesting.
• 24:27
  Of course, we're in a new wave now where new people are going
• 24:29
  to come in and they're all going to do the same thing, where
• 24:31
  they're going to try to find out who Satoshi is.
• 24:33
  They're going to speculate on who Satoshi is and personally I
• 24:36
  just don't care. OK.
• 24:38
  I guess I got to take off my camera.
• 24:40
  I I don't really care. I am just I I think Bitcoin is
• 24:45
  it's bigger than just Satoshi and and here we are.
• 24:49
  So you know I'm, I'm happy to just just not know who Satoshi
• 24:55
  is and and be OK with his invention and let it ride.
• 24:58
  And all of us have our lives benefited with Bitcoin. 100%
• 25:02
  Nate. So what's your take on what what
• 25:04
  Mahler's is saying? You know, I wish I could be a
• 25:07
  contrarian on this, but I am totally aligned with everybody.
• 25:11
  And I listened to the entire show on Mahler's Pod.
• 25:16
  What's it called? The Money Matters Pod, right,
• 25:18
  Which is, which is good. And yeah, I totally agree with
• 25:21
  him. And like, what happened to,
• 25:22
  like, Dorian and stuff was completely ridiculous.
• 25:25
  And thankfully, that wasn't really a bitcoiner that did
• 25:28
  that. It was the mainstream media that
• 25:30
  was trying to, you know, find a scoop or whatever.
• 25:33
  But yeah, I think that a lot of the folks who are looking to
• 25:38
  find out who Satoshi is are succumbing to the human
• 25:43
  psychology of trying to find a human leader.
• 25:47
  And I think that's like a bad programming.
• 25:50
  Like it it like obviously humans thousands of years ago needed
• 25:57
  leaders, tribes, etcetera. But like it's really, really
• 26:00
  important to embrace ideas more than embracing people in my
• 26:04
  opinion. So like, let's just celebrate
• 26:06
  Satoshi's idea and like you said, let him ride off in the
• 26:09
  sunset. And that's really all I have to
• 26:10
  say about that. I don't find, I don't find folks
• 26:15
  that are speculating on the identity and stuff interesting.
• 26:20
  And like like Jack said, I don't really find it very palatable or
• 26:25
  or good either. So let's let's just stop that.
• 26:28
  Let's just be happy and let Satoshi, wherever he is, just do
• 26:32
  his thing. Absolutely, 100%.
• 26:35
  I completely agree with that statement and just keep your
• 26:41
  head in the game, guys. It doesn't matter.
• 26:44
  But Mahler said it best. It's Fiat Fiat thinking.
• 26:47
  Anyways, I do want to give a shout out before we head on to
• 26:50
  the news. We have a lot to talk about
• 26:52
  today. How much Bitcoin does it take to
• 26:54
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• 26:58
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• 27:05
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• 27:20
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• 27:24
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• 27:26
  bitcoinwell.com/apps slash reward dash points and you can
• 27:30
  find out more info there. All right everybody, no more
• 27:32
  delay. Let's jump straight into the
• 27:34
  news. We have a lot to talk about
• 27:35
  today. Let's check it out.
• 27:35
  Here we go. The Daily News.
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  hardware wallet and put your sweet, sweet satoshis in cold
• 29:03
  storage. All right, everybody, let's get,
• 29:06
  uh, today's topic, which is how much Bitcoin do you need to
• 29:09
  retire, right? That's the question.
• 29:11
  I know a lot of people don't like to work.
• 29:13
  You know, you'd rather spend more time with your, with your
• 29:15
  family. But of course you have to make
• 29:17
  ends meet. You have to put food on the
• 29:19
  table for your family. You know your people depend on
• 29:22
  you. So that's the big question.
• 29:24
  So first of all, we have to breakdown the two types of
• 29:28
  thinking, all right? There's inflationary mindset,
• 29:31
  which is the Fiat mindset, the Fiat operating system.
• 29:35
  And then there is the Bitcoin operating system.
• 29:37
  The deflationary mindset. 2 totally different ways of
• 29:42
  thinking about things. On an inflationary mindset or
• 29:45
  the Fiat operating system, you constantly have to work harder
• 29:49
  and harder and harder to earn more money because the money
• 29:52
  that you're earning is constantly losing purchasing
• 29:56
  power. In Bitcoin, you can work as your
• 30:01
  money, the money that you earn. Your savings actually increase
• 30:05
  in purchasing power over time, and that changes your mentality.
• 30:09
  It changes the way that you look at the world, right?
• 30:12
  How does it change it? Well, all of a sudden if your
• 30:15
  savings start to increase in purchasing power over time and
• 30:19
  life gets significantly cheaper for you, all of a sudden you
• 30:23
  have a long term way of thinking of thinking at things, of
• 30:27
  thinking of things. Why?
• 30:29
  Because everything that you would consider purchasing could
• 30:33
  is actually might cost you more in the future, right?
• 30:38
  In the sense that if I spend this .01 Bitcoin on this new
• 30:43
  phone or something opti's back, that new phone might cost you a
• 30:49
  lot of money later, right? There's that those famous charts
• 30:52
  of you know the OR the famous is example better said of the
• 30:56
  person who bought a 2P John's pizzas for for 10,000 Bitcoin.
• 31:03
  You look back and you're like, holy crap, and this is what I'm
• 31:06
  talking about. When your money increases in
• 31:08
  purchasing power over time, you know you're going to start to
• 31:12
  think about what you should purchase and what you shouldn't
• 31:14
  purchase. But anyways, so I asked Google.
• 31:17
  I said how much you know, like what would be you know, like
• 31:21
  what would be the target, what what, what, where would you want
• 31:24
  to get to if you know if you wanted to retire.
• 31:28
  And Google responded with assuming an annual inflation
• 31:32
  rate of 4% and a conservative after tax rate return of 5%, you
• 31:37
  should aim for a savings target of 1.3 million to a fund a 30
• 31:43
  year retirement that begins at age 67.
• 31:46
  This would give you an investment portfolio that
• 31:48
  produces about 50,000 a year in income, right.
• 31:53
  So that's, you know, the Fiat way of thinking, right?
• 31:58
  You know, work from, you know, the age of 18 all the way to 67.
• 32:02
  Like you know, just work, work, work, work, work and you know
• 32:07
  get to that 1.3 million that will give you 30 years of of
• 32:10
  income taking 50,000 out a year. If you take a look at the
• 32:14
  different states, every state has a different cost of living.
• 32:18
  Of course, you know, you could be living very well or you can
• 32:23
  be living below your means, but I took the average here.
• 32:26
  So the average cost of living in the state of Hawaii is 55,000,
• 32:31
  in Massachusetts is 53,000, In California 53,000, New York
• 32:34
  49,000, New Jersey 49,000, Alaska 48,000, Maryland 48,000,
• 32:40
  Washington 47,000, Oregon 46,000.
• 32:43
  But it's roughly 50,000, right. So this brings me to this great
• 32:51
  tool that was developed by Jimbo.
• 32:55
  He's he's awesome bitcoiner on Bitcoin Twitter and it's called
• 33:00
  Wen Moon. And it's very simple, given my
• 33:03
  Bitcoin stack, when can I retire, right.
• 33:08
  So it breaks it down for you. So what is your Bitcoin stock?
• 33:10
  Let's get to 1 Bitcoin, right, 'cause you know, you got to get
• 33:14
  to 1 Bitcoin. If you're a newcomer, if you're
• 33:16
  tuning into simply Bitcoin for the first time, if you're not
• 33:18
  class of 2017, 2016, you're not class of, you know, of
• 33:24
  2020-2021. That's just this one Bitcoin,
• 33:28
  right? We'll, we'll decrease it, but
• 33:30
  that's just one Bitcoin and let's put in that $50,000
• 33:34
  spending. Remember, the cost of living is
• 33:37
  also significantly cheaper. Let's put in that 4% inflation.
• 33:42
  And now this is where things get a little bit speculative, which
• 33:45
  is the annual Bitcoin appreciation rate.
• 33:48
  Historically, it's done roughly 250% over the last, I think it's
• 33:52
  like 10 years or five years. But is it going to do that over
• 33:56
  the next couple of years? I don't know.
• 33:59
  Maybe it does, maybe it doesn't, but let's be conservative,
• 34:02
  right, Let's, let's do the 38%, the 38% number or the 30% number
• 34:09
  to be to make it even more speculative, sorry, to be even
• 34:13
  more conservative. And it basically what we're
• 34:15
  saying is that we think that Bitcoin's annual appreciation if
• 34:19
  you average it together over the next 10 years is going to be
• 34:22
  around 30%, which is is not that crazy like a Kathy Woods
• 34:27
  prediction of $648,000 Bitcoin by 2030 is a lot higher than
• 34:33
  this 30%. But again, we're being
• 34:35
  conservative, we're, you know, we're we're we're trying to, you
• 34:39
  know not inject that moon juice too soon even though we're going
• 34:42
  to do that in a SEC. So what would be your moon day
• 34:46
  with one Bitcoin and you wanted to take out $50,000 a year and
• 34:52
  the inflation rate was at 4%, which is higher what it is now
• 34:56
  and the annual appreciation of Bitcoin is only 30%.
• 35:01
  Your moon date would be May 24th, 2030.
• 35:07
  You would be Your Bitcoin stack would be worth 365 K Your first
• 35:13
  daily withdrawal would be .000489 and it would probably
• 35:19
  no, it would be worth roughly $178, right?
• 35:24
  So here it is, and this is the awesome part, and you'd be like,
• 35:28
  wait a second, hold on, like, how is it like one Bitcoin is
• 35:32
  $56,000 and you're saying I could retire off having one
• 35:37
  Bitcoin? I mean, versus the kind of Fiat
• 35:40
  mindset, which is, you know, you got to save up 1.3 million so
• 35:46
  that you could hope to retire at age 67, right?
• 35:49
  It's a it's it's a totally different type of conversation.
• 35:53
  And this is what living on a Bitcoin standard is.
• 35:55
  This is what happens when you live on a deflationary mindset,
• 35:59
  right? It completely changes your
• 36:01
  outlook, right, in 20-30, right. It's what you know, six years
• 36:05
  away. It's not that long, right?
• 36:07
  It's one Bitcoin. OK, now let's kind of change the
• 36:10
  conversation. Let's say you like to live large
• 36:12
  and you're like, OK, you know what?
• 36:14
  I want to spend $100,000 a year and, you know, the annual
• 36:20
  appreciation rate. Your personal moon day is just
• 36:24
  three years later, 2033. But let's say you have more
• 36:28
  Bitcoin, since let's say you have 5 Bitcoin.
• 36:32
  You're one of the few. You're one of the lucky, right?
• 36:35
  When is your moon day? Your moon day is in two years,
• 36:40
  4/16/26. So this is what I'm talking
• 36:45
  about. Like this is the power of
• 36:47
  Bitcoin. I'm gonna put this in the live
• 36:49
  chat right now so you guys could play around with this tool,
• 36:52
  cause of course it's totally different for everybody, right?
• 36:55
  Everyone's got a different stack.
• 36:57
  But just to kind of give you guys an idea of the power of
• 37:02
  this technology, right? The tower of the power of number
• 37:05
  go up 2033 instead of waiting to the age of 67.
• 37:12
  OK, now let's talk about, you know, the moon juice.
• 37:15
  Let's talk about if you are a high net worth individual and
• 37:19
  you want to have that 1% income and you want to live very, very
• 37:24
  well, right? So I'm assuming if you're a high
• 37:27
  net worth individual, you probably have at least 10
• 37:31
  Bitcoin. All right, so let's put that
• 37:33
  there. 10 Bitcoin. And if you're a high net worth
• 37:36
  individual, the average is 650,000, which is the annual 1%.
• 37:41
  You know, the 1% income in the United States.
• 37:44
  And we leave everything else the same. 4% inflation rate and
• 37:48
  annual Bitcoin appreciation of 30%.
• 37:51
  Your moon date is 2031 with 10 Bitcoin and you could be living
• 37:58
  a 1% lifestyle now. What's really interesting though
• 38:02
  is that the base case of this website was 38%, right?
• 38:09
  I put it. I made it a lot more
• 38:11
  conservative. Not to get everyone's hopes up,
• 38:13
  but let's use the base case of the website, which is 38% annual
• 38:18
  Bitcoin appreciation rate, and let's take a look at what we
• 38:22
  were taking a look at. So let's go back to the average
• 38:25
  salary of 50,000 in the US. Let's take a look at the let's
• 38:31
  say the stack, right? You want to get to that one
• 38:34
  Bitcoin. You want to be in the elite of
• 38:37
  21 million people that could only ever owned one Bitcoin.
• 38:41
  And your moon date would actually be before 20-30.
• 38:46
  It would be 2028. At 2028.
• 38:49
  You could be taking out 50,000 a year from your one Bitcoin stack
• 38:55
  and you would have enough basically to to live forever
• 38:59
  with this annual Bitcoin appreciation rate.
• 39:02
  Now let's let's say that your annual income is 100,000.
• 39:07
  You want it to be 100,000. Your moon date would be 20-30.
• 39:12
  So you can move, you can move these things around, you could
• 39:15
  be a lot more aggressive. You could put in 50, right,
• 39:18
  which a lot of people are thinking you can move this, move
• 39:23
  this down back to 50,000 and your moon day is actually in
• 39:27
  2026. So it's really, really dependent
• 39:29
  on the inflation rate and it's really, really dependent on
• 39:32
  bitcoins, annual annual appreciation rate.
• 39:35
  But this could help you plan for the future with the size of your
• 39:42
  stack, right. So it's completely dependent on
• 39:44
  you what your situation is, but I think it's a really, really
• 39:47
  interesting tool. Now something else to keep in
• 39:49
  mind, ladies and gentlemen, is that the developed world, right?
• 39:53
  I know that most of our viewers are coming out of the United
• 39:56
  States, United Kingdom, Canada and Australia.
• 39:58
  But I know we have a lot of other international viewers
• 40:01
  worldwide from every single continent, maybe except
• 40:04
  Antarctica. But the cost of living is
• 40:09
  significantly cheaper in other countries, right?
• 40:13
  So, you know, the cost of living is very high.
• 40:16
  In the United States, it's very high.
• 40:18
  In the so-called, you know, developed world, but if you want
• 40:22
  to live in South America, right, the average salary there is
• 40:27
  about 1. So in Costa Rica, the average
• 40:30
  salary is $1077, right? I know, a lot of, I know, I know
• 40:36
  a lot of bitcoiners have decided to move there, right?
• 40:40
  So let's do that. Let's actually just make it a
• 40:42
  $20,000 salary with that one Bitcoin stack, right?
• 40:48
  Annual appreciation of 30. And let's see what the date is,
• 40:53
  2026. So it's right around the corner.
• 40:56
  So if you don't want to stick it out in the developed world where
• 40:59
  the cost of living is very high, you can move to Central America
• 41:03
  and things are a lot cheaper in El Salvador.
• 41:06
  All right, look, 393 dollars is the monthly income, the average
• 41:10
  monthly income. So you can definitely get a
• 41:12
  cheaper, you know, a cheaper living expense country.
• 41:17
  There's there's many other places than the West if you want
• 41:21
  to go down that route. I think there's a very famous
• 41:23
  family actually that sold everything they had and they
• 41:25
  just started traveling the world, right.
• 41:27
  So it really, really depends on your situation.
• 41:31
  Now I do want to end it with this tab, which is priced in
• 41:34
  Bitcoin. So, you know, I've been talking
• 41:36
  about this. I've been kind of showing you
• 41:38
  guys the numbers. And then I get it.
• 41:41
  If you spend a lot of time in the Fiat matrix and, you know,
• 41:44
  you talk to traditional financial planners and again,
• 41:47
  how much money do you need to retire?
• 41:49
  If you search this on Google, right, it's giving you these
• 41:52
  astronomical numbers. And and then what is that?
• 41:55
  That's depressing, right? That's really, really
• 41:58
  depressing. Like, think about that for a
• 41:59
  second, right? You need to aim for $1.3
• 42:04
  million, right? So, like, think about how
• 42:08
  difficult that is off an average salary, right?
• 42:12
  So let's say you make $50,000 a year.
• 42:16
  Let's say you save out of that 50,000.
• 42:20
  If you're lucky, if you're extremely disciplined, you're
• 42:23
  able to save 20%. That gives you $10,000, right?
• 42:29
  So how long would it take you to make $1.3 million off $10,000?
• 42:35
  I mean, take you 130 years, so you're forced to kind of invest,
• 42:42
  you put it in the in the stock market, you become a speculator
• 42:45
  because you want to make more money.
• 42:47
  With Bitcoin, it's just like buy Bitcoin or earn Bitcoin, mine
• 42:50
  Bitcoin, put that Bitcoin to the side and it grows for you and
• 42:53
  then you'll be like Nico. That's too good to be true.
• 42:56
  In fact, I got a call from my swear girls, my parents in law
• 43:00
  yesterday. And this is going to be their
• 43:03
  first bull market where they are exposed, right.
• 43:07
  You know, they've been hearing me talk about this like a maniac
• 43:10
  for the last eight years. But this is the first time that,
• 43:13
  you know, they have, they don't have their toes in, but they
• 43:15
  have their whole hand in the water, right?
• 43:17
  And they're watching this thing, you know, go up in price and
• 43:21
  they're like, holy crap. And I'm like, welcome to
• 43:23
  Bitcoin. Like, it's unbelievable.
• 43:26
  And I get why it's unbelievable if you live in the Fiat matrix.
• 43:29
  This is what they're telling you.
• 43:31
  If you live in the Fiat matrix, it's normal that you have to
• 43:34
  work two jobs. If you live in the Fiat matrix,
• 43:37
  it's normal that you can't be able to afford rent.
• 43:41
  But under a Bitcoin standard, life gets cheaper.
• 43:46
  And This is why the bankers hate it.
• 43:48
  This is why the European Central Bank came out with that Twitter
• 43:52
  post yesterday where they are basically making the case that,
• 43:57
  you know, Bitcoin has failed and it's a speculative asset and you
• 44:03
  can't trust it and blah, blah, blah, blah blah, blah, blah,
• 44:06
  right? That's what they said.
• 44:08
  You heard it right. However, if you take a look at
• 44:13
  the data, take a look at the numbers, the numbers don't lie.
• 44:20
  They tell a very, very different story.
• 44:23
  And what do those numbers say? Those numbers say that if you've
• 44:27
  been saving a Bitcoin, the dollar has gotten 93% cheaper on
• 44:32
  a three-year time scale, it's gotten 18% cheaper on a one year
• 44:37
  time scale, it's gotten 58% cheaper.
• 44:40
  What about commodities? Well, they've gotten cheaper
• 44:44
  too. Oil, 91% cheaper, 90, Natural
• 44:48
  gas 95% cheaper. Now I think what a lot of us
• 44:52
  think about especially you know if you're coming of age, if
• 44:54
  you're a millennial, you're trying to start a family is a
• 44:58
  house What, What if I want to buy a house, right.
• 45:01
  Because remember when they printed, when they went on that
• 45:04
  money minute printing spree, you know they they basically out
• 45:08
  priced a lot of millennials out of the housing market.
• 45:11
  Well, if you've been saving in Bitcoin on a five year scale, a
• 45:16
  housing even even the fact that it's doubled has gotten 84%
• 45:21
  cheaper. On a three-year scale it's
• 45:24
  gotten 70% cheaper. On a one year scale it's gotten
• 45:27
  66% cheaper. So when you live on a Bitcoin
• 45:32
  standard, things get cheaper. Therefore, all of a sudden you
• 45:37
  now have hope for the future, where before you had no hope.
• 45:44
  So I gave you guys the resource I dropped in the chat.
• 45:48
  I'll put it in the video description as well, and you
• 45:52
  guys could use it, plug in your own stack, be conservative, but
• 45:58
  use this as a tool to help you plan or potentially plan for the
• 46:04
  future. Right.
• 46:05
  Of how much Bitcoin do you need to retire and roughly at what
• 46:10
  date is that gonna happen? So anyways, that's my take on
• 46:15
  all this. And the reason I wanted to cover
• 46:17
  this is because the price is pumping.
• 46:19
  We're all very excited. The reason we're very excited is
• 46:22
  because we're getting wealthier. But I think a lot of us in the
• 46:25
  back of our minds are just like, OK, but when is that date that,
• 46:29
  you know, I can walk out the door of my 9:00 to 5:00?
• 46:32
  When is that date that I no longer have to do something that
• 46:35
  perhaps I don't necessarily like to do, but perhaps I have to do
• 46:39
  it in order to be able to food my feed my family, provide for
• 46:43
  my family, right? So Bitcoin provides a light at
• 46:47
  the end of the tunnel, The traditional financial system,
• 46:50
  there is no light. That shit's dark as fuck, right?
• 46:54
  Making $1.3 million like, it's not impossible to do, right, but
• 47:01
  it's also very, very difficult to do for most people, right?
• 47:05
  And I see someone saying high higher calling says hope
• 47:08
  dealers. I mean, dude, you could say
• 47:10
  whatever you want, call us hope dealers and say this and say
• 47:13
  that. But I encourage you, I bet you
• 47:16
  if you've lived on a Bitcoin standard for four years, you
• 47:19
  wouldn't say it's hope. You'd say it's the truth.
• 47:21
  Like, I could tell you that my life has gotten cheaper since
• 47:24
  I've transitioned to a Bitcoin standard.
• 47:26
  This is going to be my third cycle.
• 47:28
  I've been in the. I've been in the space for three
• 47:30
  years. Yeah, I'm telling you, life gets
• 47:33
  cheaper and you get significantly wealthier.
• 47:36
  I promise you and anyone around you that transitions to a
• 47:39
  Bitcoin standard will have the same feeling.
• 47:43
  They'll go through the same thing.
• 47:45
  And I mean, don't take my word for it, Nate.
• 47:47
  Let's ask our our guest man, does life get cheaper and better
• 47:51
  on a Bitcoin standard? Yep.
• 47:54
  Why? Does it?
• 47:55
  Why does it? So, so here's the thing for for
• 47:58
  everything you just said, right. So when you're holding a money
• 48:01
  that is in demand, prices of everything else effectively when
• 48:06
  compared to that come down to meet meet how valuable that
• 48:11
  money is. What is really, really important
• 48:14
  though, for those considering that haven't yet got into
• 48:18
  Bitcoin, is that the real price that you pay when you start is
• 48:24
  hardening your mental fortitude through a few years of just
• 48:29
  stacking and not caring about the price.
• 48:32
  If you just stack regularly over a few years and don't care about
• 48:36
  the price on the other end, you can evaluate your situation and
• 48:41
  you can see, you know, how you look and historically, 100% of
• 48:45
  the time you're going to look great in Bitcoin.
• 48:47
  Whether or not that changes in the future, I don't know.
• 48:49
  I don't think it's going to. I think the odds are pretty good
• 48:52
  myself And yeah, and and all we could do is really like spread
• 48:58
  that message. That message is very, very
• 49:00
  important because as we might talk about later, we have
• 49:06
  extremely powerful global entities.
• 49:11
  In my opinion, not really attacking Bitcoin, but attacking
• 49:16
  the mindset of individuals who might opt out of their money,
• 49:25
  gulag Fiat world, right? Because they don't have power
• 49:29
  anymore if you switch out of their control mechanism, which
• 49:36
  is the Fiat money. That's really all I got to say
• 49:40
  about that. No, I mean, it's as simple as
• 49:42
  that. And I mean, so Nate, you know,
• 49:44
  we didn't talk about this prior. Like, and I know a lot of people
• 49:49
  are skeptical and and I could tell you that from, you know, my
• 49:52
  personal experience dealing with, you know, my parents and
• 49:55
  now they're full-fledged like hardcore Bitcoin Maxis, 'cause,
• 49:58
  you know, they've been, they've been holding Bitcoin since 2016
• 50:02
  like me. But is it too good to be true?
• 50:05
  Is what I'm saying too good to be true?
• 50:06
  Because if you've lived in the Fiat matrix for so long and
• 50:10
  you've been conditioned to think that money somehow needs to lose
• 50:14
  purchasing power to work and to function, or else society's
• 50:19
  gonna burn down and somehow, you know, taking self custody of
• 50:24
  your wealth is somehow a danger to society, what would you say?
• 50:28
  Like, is that, is that wrong? Is that?
• 50:31
  What's your take on that? So my question to folks that say
• 50:36
  that, right. Like, you know, it's like you
• 50:39
  said the too good to be true crowd, right?
• 50:41
  OK. My question to that person, if
• 50:44
  I'm having conversation with them to be, is give me a
• 50:48
  percentage of what you think. Like what are the chances in
• 50:52
  your opinion that you're wrong, that Bitcoin actually becomes a
• 50:56
  global standard monetary unit in a time frame, at any time frame
• 51:01
  really. And it can't be 0 right, 1%,
• 51:05
  half a percent, whatever they'll usually say like may I have 1%
• 51:08
  chance? OK.
• 51:09
  Take your investment portfolio and put 1% in, so you cover
• 51:13
  yourself, right? That's sort of like my default
• 51:16
  thing when I talk to them. And then if they do decide to go
• 51:19
  that route, usually they scoff at that.
• 51:21
  I never talk to them again. But if they do decide to go that
• 51:24
  route, they generally end up learning about Bitcoin, which
• 51:28
  is, in my opinion, you get a little bit and then you want to
• 51:32
  learn about it. That's how it was for me, you
• 51:35
  know, back when you were doing it too in 2016 and stuff.
• 51:38
  That's how it was for me and I I think that's how it is for most
• 51:41
  people. So that's how I sort of engage
• 51:44
  that particular thing was like man you're just throwing opium
• 51:47
  out there. That's crazy.
• 51:49
  Whatever. OK, I might be wrong, but what
• 51:51
  percentage do you think I I'm right and then allocate that
• 51:55
  just to cover yourself. It's it's that's, and the longer
• 51:59
  bitcoins around, the more that it's going to stay around.
• 52:04
  Yeah, 100% IA 100% agree with that take.
• 52:08
  Anyways, Opti, I know Opti's let forgive Opti everyone.
• 52:11
  He's having some technical difficulties today with
• 52:13
  restream. I blame restream.
• 52:15
  I blame restream. But what's your take on this,
• 52:17
  man? You've been living on a Bitcoin
• 52:18
  standard basically as long as I have.
• 52:20
  Has life gotten cheaper? Has your hope for the future
• 52:24
  increased on a Bitcoin standard? I mean, guys, I I call myself
• 52:28
  Optimus Fields for a reason. Before I started saving in
• 52:32
  Bitcoin, it was legitimately pessimist.
• 52:34
  Fields, you know, I I was stuck in the rat race.
• 52:37
  I didn't think it was hope. I had no money.
• 52:39
  I I didn't have good money habits.
• 52:42
  And then for some reason, when I found Bitcoin, it made it so
• 52:46
  much easier to save and and retain my value.
• 52:50
  Like, legitimately guys, I couldn't save like $300.00 in
• 52:52
  cash. Like anytime I had cash, I would
• 52:55
  instantly spend it. And then for some reason, once
• 52:57
  it got into Bitcoin, I just realized, you know, the Hoddle
• 53:00
  meme took over and I just, it's like the black hole value for
• 53:03
  me. I just throw it in there.
• 53:04
  I don't touch it. I don't wanna touch it.
• 53:07
  And as you see over, I don't know, I I got it in 2017, the
• 53:11
  end of 2017. And you know, the the number has
• 53:15
  gone up since 2017. And then on the point of, like,
• 53:18
  retirement. And I know this might be a
• 53:20
  contrarian take, but I kind of think that, like, retirement's a
• 53:23
  scam in general. Like, I I don't think you should
• 53:26
  be retiring. Like, I know you don't want to
• 53:28
  be working at a job that you hate.
• 53:29
  And so of course there's that dream of, like you want to
• 53:32
  retire, you know, go go off into the sunset, stop working that
• 53:35
  shitty Fiat job that you hate. But I I fundamentally, you know,
• 53:39
  like the idea of working on something for as long as I can
• 53:43
  and try to be as productive as possible for as long as I can.
• 53:47
  And of course there is thoughts about the, you know, when I'm
• 53:50
  old, like 80 or 90 that like, yeah, I I don't want to be
• 53:53
  working just to survive. But as we've shown and as anyone
• 53:57
  that understands what's going on with Bitcoin, or rather anyone
• 53:59
  that's huddled for more than a few years knows that your life
• 54:03
  gets cheaper on a Bitcoin standard.
• 54:04
  You know, I was thinking about this last night.
• 54:06
  You know, I was, I was kind of trolling on Twitter.
• 54:08
  The prices pumped like what, like 10% yesterday or you know,
• 54:11
  6K candle. Everyone's freaking out.
• 54:13
  And I was just thinking, like, man, it's such a trip.
• 54:15
  All my friends on the Internet, all my Bitcoin friends right
• 54:19
  now, their net worth has just increased like we are, all of
• 54:22
  our networks are increasing as the price goes up.
• 54:25
  And so I fundamentally believe that if anyone out there is
• 54:29
  where I was seven years ago where you're just like man, I
• 54:33
  there's no escape. I I can't make it out of the rat
• 54:35
  race. I I can't get off the hamster
• 54:37
  wheel. Like there is some basic money
• 54:40
  principles, some basic money habits that you will have to
• 54:42
  learn and that's basically like you're going to have to save
• 54:45
  some of your value, pay yourself first, make sure that you are
• 54:48
  retaining some of the cash that's coming in and you need to
• 54:52
  find a way to park it. And of course, we believe it's
• 54:54
  Bitcoin number is going to go up this year into next year.
• 54:58
  And will we see another, you know, blow off top and another
• 55:02
  7080% drawdown? Maybe, I don't know.
• 55:04
  But all I know is that if you hold on to the Bitcoin that you
• 55:08
  own today and that you will continue to stack.
• 55:11
  Because I really don't think there is a time where I won't
• 55:13
  stack and save in Bitcoin. Like what am I going to do, save
• 55:16
  dollars? Like that makes no sense to me.
• 55:18
  So if you just hold on long enough, like your life is going
• 55:23
  to improve. And and I felt this personally.
• 55:25
  I know Nico's felt it. I know, I know Nate's felt it.
• 55:27
  I know all my friends have all felt the same thing.
• 55:30
  That as you save in Bitcoin, like the stress of the Fiat life
• 55:34
  starts to, you know, it starts to roll off your back and you're
• 55:37
  like, wow, OK, oh, I can actually divert my energy and my
• 55:42
  labor into things that I like and start building a life that I
• 55:46
  want to live and do for the rest of my life.
• 55:48
  And this is what we're doing here at Simply Bitcoin is just
• 55:51
  like, all right, we love talking about Bitcoin.
• 55:53
  Let's create the best Bitcoin media company we can on a
• 55:56
  Bitcoin standard, holding Bitcoin on our personal balance
• 55:59
  sheets, and life is going to get better.
• 56:01
  And we have a longer runway every four years because the
• 56:05
  price goes up And it's just very simple, guys saving Bitcoin, the
• 56:08
  number's going to go up. You guys can call us opium
• 56:10
  dealers all you want, but hey, the last 15 years, I don't even
• 56:14
  know what the percentage number is.
• 56:15
  It's like a million percent that the price.
• 56:17
  Has gone up. It's like, but like we're not
• 56:19
  speculating on the number. Like it just we're not like guys
• 56:24
  the I put the link in the video description and then I put it in
• 56:28
  the live chat and you could literally plug in whatever your
• 56:33
  situation is, you could plug it into that calculator and you
• 56:37
  know you can have fun with it and it will help you kind of
• 56:40
  financially plan to what you're trying to do.
• 56:43
  But like we even took the conservative, like if it was up
• 56:46
  to me, I would put a 50% annual appreciation rate in Bitcoin.
• 56:50
  Like that's what I would put. Wait, do do do just like a play
• 56:54
  around version of that Nico. Do something like crazy numbers
• 56:57
  with like very high inflation rates.
• 56:59
  I mean, I don't want to like, I don't want to like.
• 57:02
  Do 20% inflation rate like. Yeah.
• 57:04
  I mean, so let's stick with the one, right?
• 57:07
  Let's stick with the one. Let's stick with the average
• 57:09
  salary in the US, 50,000. Do 20% inflation rate Maybe 25%
• 57:15
  inflation rate? I don't know what's the
• 57:16
  inflation rate. Right now it's 3.
• 57:17
  Percent Well, that's gonna suck. 'Cause you're.
• 57:21
  Gonna you're gonna be like it's 2100, so forever.
• 57:26
  But again, like, if if that's the inflation rate, you better
• 57:29
  be, you can, you can be sure that the annual Bitcoin
• 57:33
  appreciation rate is gonna be a lot higher than 30% as people
• 57:36
  flee the US dollar, right? Which is what do.
• 57:40
  Do last year's annual what was it 150% or something like that?
• 57:44
  Do 20% inflation, inflation rate for the for no, 20% for USD And
• 57:49
  then last year we had what like 100?
• 57:51
  It was never 20%, dude. It was.
• 57:52
  I know. But I'm just saying it was 8%
• 57:54
  last year, OK, 10%? So, OK, so let's put 10%.
• 57:59
  So your moon date would be 2034 if you have.
• 58:02
  Yeah, but. And then and then move the
• 58:04
  annual Bitcoin appreciation to like 150.
• 58:06
  That's what we got last year. Obviously it's not going to be
• 58:08
  every. Year.
• 58:09
  But then your moon date is. Let's go, your moon date already
• 58:15
  has your moon date. Is your moon date?
• 58:17
  Is next month, end of this month.
• 58:18
  Yeah, next month next. Month is your moon day so with
• 58:21
  an annual appreciation of of of 150 but I mean look I think the
• 58:26
  38 is is completely you know conservative and I think it's
• 58:30
  you know it's it's good. Personally, I would put it to
• 58:33
  50, right? That kind of changes things.
• 58:36
  It moves, you know, moves things a little bit faster.
• 58:39
  And again, it's really dependent on your stack, right?
• 58:42
  So you know, some people have 10 coins, some people have 21
• 58:48
  coins, some people have 100 coins, right?
• 58:50
  You have 100 coins. You know your moon date already
• 58:52
  happened, right? If you have 75 coins, your moon
• 58:55
  date already happened. Let's say you want to live
• 58:58
  large, right? You know you want to live with
• 59:01
  the top 1% kind of lifestyle. Your moon date still already
• 59:06
  happened, right? So you know, with an
• 59:08
  appreciation rate of 50, right? What about, you know, if 38 it
• 59:12
  already happened, what about 30? It still already happened.
• 59:15
  So you know, it really kind of depends on your stack, you know?
• 59:18
  And that's why this calculator is so powerful.
• 59:20
  It's such an interesting tool. Anyways, I do want to move on to
• 59:24
  the culture to talk to Nate about Voltage, but before we do
• 59:29
  that, I do want to give a shout out to one of our sponsors,
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  description. All right everybody, let's get
• 1:00:11
  to the culture. We have a lot to talk about.
• 1:00:15
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• 1:00:24
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  who know Bitcoin but have a hard time explaining it to their
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  It's available on Amazon and what you could do is you could
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  the video description. Guys check out Bitcoin
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  Evangelism Planting Seeds for the Centralized Revolution by
• 1:00:58
  Brian De Mint. Anyways, everybody, let's talk
• 1:01:01
  Nathan. So, Nathan, so talk to us a
• 1:01:04
  little bit about voltage, where you work at.
• 1:01:07
  Wait. Wait, wait no, no, no.
• 1:01:08
  Nico, before we go to voltage before.
• 1:01:09
  We go to jacking it because your video is fucked up, dude.
• 1:01:13
  OK all. Right.
• 1:01:13
  Well then I just, I just want to ask Nate one question because he
• 1:01:16
  does have some contrarian lightning takes and he's he's
• 1:01:19
  been working in Lightning for a while.
• 1:01:22
  So, Nate, what is just your general view on Lightning, since
• 1:01:25
  you've been in Lightning for so long?
• 1:01:28
  I've never been more bullish, honestly.
• 1:01:32
  Gosh, I don't know what to say. Yeah, when when lightning came
• 1:01:35
  out it was magical and it's still magical today.
• 1:01:37
  I wake up every day just completely amazed by it and I I
• 1:01:43
  think that a lot of the surface level discussion, and it is, is
• 1:01:49
  can sometimes be uninformed. The lightning network as it sits
• 1:01:54
  today is not all that it will ever be.
• 1:01:57
  Just like when Bitcoin Core one point O, not one point O but
• 1:02:00
  zero dot whatever it was came out it was not all it was ever
• 1:02:03
  going to be. We've got amazing innovations
• 1:02:06
  happening on Lightning, but it takes time.
• 1:02:10
  You know examples or things like the the Bolt 12 invoice
• 1:02:14
  specification or splicing or dual funded channels or
• 1:02:18
  trampoline routing, all this stuff that is going to in the
• 1:02:21
  future increase privacy, increase throughput, reduce cost
• 1:02:25
  etcetera is on its way and and things that make lightning
• 1:02:30
  easier to use is also on its way.
• 1:02:32
  So I've never been more bullish. I think it's a great time to
• 1:02:35
  start a lightning node and I think if any bitcoiner wants to
• 1:02:39
  start a lightning node they should not be afraid to do so.
• 1:02:42
  It is not as hard as people think.
• 1:02:46
  Love it. Now let's go into voltage,
• 1:02:48
  because that's the perfect segue there.
• 1:02:49
  So what is voltage? What are you working on?
• 1:02:52
  And why should someone look at voltage?
• 1:02:55
  Yeah, awesome. Yeah, thanks.
• 1:02:56
  I So Voltage is a Bitcoin development platform in the
• 1:03:01
  cloud and the concept of it. You know Voltage has been around
• 1:03:05
  for a few years now and we've been striving to build a
• 1:03:09
  platform in which those that have the desire to incorporate
• 1:03:16
  Lightning into their business in any way, whether any kind of
• 1:03:21
  business can do so easily without having to manage their
• 1:03:25
  own server, their own software, their own updates and and even
• 1:03:30
  you know and and reduce the cost of hiring people to do that sort
• 1:03:34
  of thing. So instead they can come to
• 1:03:35
  Voltage and get their infrastructure set up that is
• 1:03:39
  completely encrypted client side, meaning we don't see what
• 1:03:42
  you're doing on there at all, meaning we're no KYC and you can
• 1:03:48
  have access to the entire LNDAPI, which is exactly what
• 1:03:54
  you would have if you were running the lightning node on
• 1:03:57
  your own server. We are not one of, you know,
• 1:04:00
  we're all bitcoiners at Voltage. And the core ethos that we have
• 1:04:03
  and stick to is that no walled gardens.
• 1:04:06
  If you want to come to Voltage and try us out and move off of
• 1:04:08
  Voltage, cool, whatever. But we want to be you know
• 1:04:14
  ethically aligned with Bitcoin, which I I believe we are.
• 1:04:17
  If we weren't I don't believe I would work there for what that's
• 1:04:21
  worth. And I and yeah, so and and today
• 1:04:24
  is a very, very, very important day actually Opti, because you
• 1:04:27
  invited me on, on a day where we are actually launching.
• 1:04:31
  We're in the middle of a maintenance period right now
• 1:04:33
  where we are essentially relaunching our entire user
• 1:04:37
  interface to be more simple, more easy to access and and also
• 1:04:42
  new features. For example with this update if
• 1:04:46
  you are working with a couple other people or a whole team,
• 1:04:50
  you can now give access to other people to your infrastructure.
• 1:04:56
  So for example if you're running a business and you want to grant
• 1:04:59
  read only permission to your accountant, now you can do that
• 1:05:02
  and all or you know those kind of things.
• 1:05:05
  So we're trying really, really hard to focus on businesses and
• 1:05:09
  enterprises. That's not to say that a someone
• 1:05:12
  who runs a a pizza shop or a bowling alley can't come to
• 1:05:16
  voltage and get a BTC pay server.
• 1:05:18
  BTC Pay server comes with every package on voltage and with this
• 1:05:21
  new set up our our lowest package option is $25.00 a month
• 1:05:26
  with a BTC pay server and a lightning node which which is
• 1:05:29
  pretty good in my opinion. So yeah, voltage.cloud is the
• 1:05:33
  site we are working really really hard to make lightning
• 1:05:35
  easy for for businesses and developers and Bitcoin in
• 1:05:39
  general. Honestly, if you want a Bitcoin
• 1:05:41
  poor node, we could do that too, so definitely look us up.
• 1:05:46
  Love it. OK who's You?
• 1:05:47
  Kind of mentioned it Nate, but who is the ideal customer for
• 1:05:51
  Voltage in your opinion? Yeah, it's it.
• 1:05:55
  It's kind of a little bit of a range, but we're definitely
• 1:05:57
  targeting businesses and enterprises.
• 1:06:00
  For example, we are working with the Brains mining pool and they
• 1:06:03
  announced that they are doing Lightning payouts.
• 1:06:05
  So I guess the S 9 will never die because you can run an S 9
• 1:06:09
  and get paid out every day via Lightning now from from
• 1:06:12
  Brainspool and they are using voltage for their
• 1:06:13
  infrastructure. So that's just like one example.
• 1:06:16
  But we have folks that use us for, for simple things.
• 1:06:20
  I've worked with a guy recently who he owns a couple small
• 1:06:24
  businesses in his small town, like he owns the bowling alley
• 1:06:27
  and the pizza place and stuff and he uses Voltage and accepts
• 1:06:30
  Bitcoin at these places. So you could go as far down as
• 1:06:32
  that. You can use Voltage to paywall
• 1:06:35
  your your blog site or something if you want to, you know charge
• 1:06:39
  per article and stuff like that. So you could get very very
• 1:06:43
  creative with with the Voltage infrastructure.
• 1:06:45
  The same way you could get creative with using these
• 1:06:48
  software and tools if on your own server, like we don't block
• 1:06:53
  any any anything as if you were running it on your own
• 1:06:55
  infrastructure. Yeah.
• 1:06:56
  So and and another thing that I wanted to ask you man, is that
• 1:07:00
  like right now in weird, I think we were talking about this a
• 1:07:03
  little bit like in the beginning of the show perhaps off air
• 1:07:05
  which is lightning is not easy right now, right.
• 1:07:09
  It's not easy for retail. It's not easy for a business to,
• 1:07:14
  you know, just set up a, you know, BTC pay server.
• 1:07:18
  It's very easy to set it up for on chain.
• 1:07:20
  Yeah. Somewhat easy.
• 1:07:22
  But for Lightning, it's not easy like managing channels, you
• 1:07:26
  know, opening channels, closing channels.
• 1:07:29
  And if we really want Bitcoin to scale and we're bullish on the
• 1:07:33
  second layer, you know, we have a lot of work to do.
• 1:07:37
  And you know, you guys are the vanguard of this at Voltage.
• 1:07:41
  You guys are definitely trying to solve this problem as a
• 1:07:44
  company. So what's an update on that?
• 1:07:47
  Like sure. What would you recommend if
• 1:07:49
  someone just wanted to use Lightning?
• 1:07:52
  Like I had to jump through so many hoops, you know, before it
• 1:07:56
  was like download wall of Satoshi bada Bing bada boom bam
• 1:07:58
  bam bam set up. Now you know it's like get Albee
• 1:08:01
  is great, primal is good, but it's not a one stop shop.
• 1:08:06
  It's not like let me open my App Store and download this wallet
• 1:08:09
  and I'm ready to receive lightning transactions.
• 1:08:11
  You have to jump through some hoops and anyone who's like not
• 1:08:14
  technically inclined or first exposure to Bitcoin, it's kind
• 1:08:18
  of a turn off a little bit. I remember when we set up the
• 1:08:21
  Lightning, we tried to set up a lightning store like a
• 1:08:24
  lightning, you know, back end to receive tips for simply Bitcoin.
• 1:08:28
  And we just defaulted to OK, you know what, like F that like
• 1:08:31
  let's just use, you know, Wall of Satoshi or get Albie or
• 1:08:35
  whatever, because it's not like that we can't learn how to do
• 1:08:38
  it. It's that we got a lot of stuff
• 1:08:39
  to do as content creators, we just want to plug and play
• 1:08:42
  solution. So where's that AT?
• 1:08:44
  And is there something that Voltage offers that makes it
• 1:08:48
  plug and play? Yeah, I I totally agree and I
• 1:08:51
  think that this issue that is being tackled is the is there's
• 1:08:57
  two different angles to it, right.
• 1:08:58
  Folks that want to receive lightning, folks that want to
• 1:09:01
  spend lightning and maybe maybe receive a little bit and and
• 1:09:05
  voltage is really more focused on the receiving end of this
• 1:09:08
  stuff. So that is more difficult
• 1:09:11
  traditionally because you need what's called inbound liquidity
• 1:09:14
  on your channels in order to receive, which means somebody
• 1:09:17
  else needs to basically lock up their capital with you so you
• 1:09:20
  can receive. And at voltage we, we do have a
• 1:09:24
  automatic liquidity provision service.
• 1:09:27
  Every new node gets a channel from us you can receive
• 1:09:30
  immediately. And also we are building
• 1:09:33
  partnerships with for example the Ambos dot space, they're
• 1:09:38
  called the Magma where folks are essentially selling channels.
• 1:09:42
  We are looking at we're we're really far down the line.
• 1:09:46
  I mean this is going to happen of integrating that with our
• 1:09:50
  platform in a automatic way and we also have, excuse me, we also
• 1:09:59
  have a analytics tool that's really easy to use that's built
• 1:10:02
  into the platform called Surge which kind of alerts you to hey
• 1:10:07
  you need to get another channel or whatever.
• 1:10:08
  So I don't think the babysitting is completely going to go away,
• 1:10:12
  but I think making it manageable and in my opinion manageable.
• 1:10:16
  It would be like maybe you logging in 10 minutes a week or
• 1:10:19
  something to to do what you have to do, whether it is to send
• 1:10:23
  your tips somewhere else to your cold storage or something like
• 1:10:26
  that. That's that's the goal.
• 1:10:28
  And I think we're reaching that as far as just like a general
• 1:10:31
  user spending and stuff. I think Phoenix, Zeus and Mutiny
• 1:10:36
  are going to be the the three big players in just the general
• 1:10:39
  user spending applications. But that's not something that
• 1:10:43
  we're actually focused on at voltage too much.
• 1:10:48
  Gotcha. Gotcha.
• 1:10:48
  Yeah man, Well, so if they wait. I got AI got a question 11 more
• 1:10:54
  Sorry Nico not to cut you off. How quick is the onboarding Nate
• 1:10:57
  if people wanted to set up like a BTC pay server?
• 1:11:01
  A BTC pay server I can get you set up with a BTC pay server.
• 1:11:04
  A lightning node Inbound liquidity in probably 30
• 1:11:07
  minutes. Wow.
• 1:11:12
  If we go and then that's. Fairly quick.
• 1:11:13
  I would say 30 to 45 minutes. And that's something that you
• 1:11:17
  you walk, you hand hold someone through or is that someone that
• 1:11:20
  you guys set up on your end? No.
• 1:11:23
  So generally when we do those onboardings in, in that specific
• 1:11:27
  case, so for example, Voltage partners with the Human Rights
• 1:11:30
  Foundation. So sometimes I help NGOs set up
• 1:11:33
  their Voltage infrastructure and it generally takes about 45
• 1:11:36
  minutes. Most of them know something
• 1:11:38
  about Bitcoin and Lightning, but maybe not everything.
• 1:11:40
  And generally what happens is they'll screen share and I'll
• 1:11:42
  just walk them through signing up.
• 1:11:44
  Click create node, click give me a channel.
• 1:11:47
  We make this very, very easy. Start up your BTC pay server.
• 1:11:51
  We have the BTC pay when if you're already running a
• 1:11:53
  lightning node on voltage or BTC pay server, BTC pay server links
• 1:11:57
  up automatically. You don't have to do any weird
• 1:11:59
  configurations or anything we detect.
• 1:12:01
  It it links up, you log into your BTC, pay and then you could
• 1:12:04
  create your donation buttons and and stuff like that right away.
• 1:12:08
  Gotcha. Man, that's that's incredibly
• 1:12:10
  bad ass. Very, very cool.
• 1:12:12
  And yeah man, it's all the power to you.
• 1:12:16
  It's incredibly important what you guys are doing over at
• 1:12:19
  Voltage and you guys are making lightning easy for institutions,
• 1:12:24
  enterprises, individuals. And that's something that we
• 1:12:28
  definitely need if we want hyper bitcoinization, right?
• 1:12:32
  We, we need those second layer solutions.
• 1:12:34
  As Bitcoin continues to go up, the fees will go up with it.
• 1:12:38
  Block space will become incredibly more scarce.
• 1:12:41
  So we need those second layer solutions and Lightning is
• 1:12:44
  definitely one of those. And I'm super happy that you
• 1:12:47
  guys are focusing on that and you guys are innovating and you
• 1:12:50
  guys are making it easy for the average everyday individual to
• 1:12:55
  use something like the Lightning Network.
• 1:12:57
  So it's always an honor, Nate to for to to have you on the show.
• 1:13:01
  I think last time I saw you in person was a bit block boom.
• 1:13:04
  It was great to see you downstairs in the lobby.
• 1:13:06
  Love that conference and hope to cross paths with you soon in the
• 1:13:11
  Bitcoin verse. And thank you for coming on, my
• 1:13:13
  friend. Thank you so much for having me.
• 1:13:15
  I love talking about this stuff. Bitcoin is my life and I'm
• 1:13:20
  there's no day I wake up where, like, I want to change anything.
• 1:13:23
  Like things are exactly where they should be.
• 1:13:26
  And as far as Lightning and Voltage and stuff goes, like, I
• 1:13:29
  just want to just spend like 2 seconds just to say folks, if
• 1:13:33
  you understand Bitcoin on chain, you understand how private keys
• 1:13:36
  work, you understand all that. Try running a lightning node, It
• 1:13:40
  doesn't have to be on Voltage. Try running a lightning note
• 1:13:43
  though. There's tons of resources out
• 1:13:44
  there and I think it's very, very rewarding to use your own
• 1:13:47
  infrastructure if you're inclined to do something like
• 1:13:50
  that. I I say that give it a shot.
• 1:13:52
  If it's not for you, it's not for you, but at least give it a
• 1:13:54
  shot and you never know it. It might be so.
• 1:13:56
  With that said, thank you so much for having me, Nico.
• 1:13:59
  Thanks. For coming on man honors, honors
• 1:14:02
  hours. Anyways, if you want to follow
• 1:14:06
  Nate, you can follow him at B for Bacon on Twitter and check
• 1:14:09
  out voltage.cloud. Also, Nate did bring up nodes.
• 1:14:15
  If you guys want to get your own node, I recommend the Start
• 1:14:20
  nine. That's the one that I personally
• 1:14:22
  use as my daily driver. The Start 9 server pier.
• 1:14:25
  You can use promo code simply to get 9% off anything on the Start
• 1:14:30
  9 store. It's the best nodes in the
• 1:14:34
  business. I'm not just saying that, but
• 1:14:36
  like literally guys, get yourself a start.
• 1:14:38
  Nine. It's night and day versus
• 1:14:41
  everything else. I highly, highly recommend it.
• 1:14:44
  Anyways, ladies and gentlemen, that was our show.
• 1:14:46
  If you enjoyed the show, you know what to do.
• 1:14:47
  Smash that like button. Consider subscribing if you feel
• 1:14:50
  like we provided you value. But the number one thing you
• 1:14:52
  could do to help push the peaceful Bitcoin revolution is
• 1:14:55
  share this content. In fact, share Bitcoin culture,
• 1:14:59
  share Bitcoin music, share Bitcoin everything.
• 1:15:02
  Go to conferences, get involved, take action, take agency.
• 1:15:06
  It's an election year. The number one thing you could
• 1:15:08
  do, Your vote matters. Take your Bitcoin into self
• 1:15:11
  custody. That's how we really change
• 1:15:13
  these things. Love you all, I'm completely
• 1:15:15
  sleep deprived. But I will see you tomorrow for
• 1:15:17
  another episode of Simply Bitcoin, Live Bitcoin or Slavery
• 1:15:23
  as a New Father. Guys, you know, it really kind
• 1:15:27
  of dawned on me how important it is, what we're doing right now.
• 1:15:32
  And I'm gonna pass that question to all you guys.
• 1:15:35
  What type of future do you want to live?
• 1:15:38
  Do you want to do? What type of future do you want
• 1:15:40
  your children to live in? What type of future do you want
• 1:15:43
  your children S children to live in?
• 1:15:45
  Do you want them to live in a future of slavery?
• 1:15:48
  Because that's what CBDC S and Fiat money is.
• 1:15:51
  Or do you want them to live in a in a future of freedom, peace
• 1:15:55
  and prosperity? Because that is exactly what
• 1:15:58
  Bitcoin represents. What team are you on?
• 1:16:01
  Are you on Team Orange or are you on Team Green?
• 1:16:04
  See you guys tomorrow for a brand new episode of Simply
• 1:16:07
  Bitcoin Live. Episode was brought to you by
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• 1:16:15
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