Latest / Simply Bitcoin / The Bitcoin ETF Price Dump | EP 911

Transcript

The Bitcoin ETF Price Dump | EP 911 · Simply Bitcoin

• 0:03
  It's. All going to zero against
• 0:06
  Bitcoin. It's going up forever.
• 0:16
  You're against Bitcoin. You're against freedom.
• 0:20
  Yeah. Welcome to another episode of
• 0:21
  Simply Bitcoin Live. Your number one source for the
• 0:23
  peaceful Bitcoin revolution. Cover breaking news, culture,
• 0:25
  mining, warfare. We will be your guide through
• 0:27
  the separation of money and state.
• 0:28
  Today's going to be a very special show.
• 0:31
  Yeah, we have an ETF update. We don't like to talk about the
• 0:33
  ETF very much, but we haven't covered it all this week.
• 0:36
  And a lot of people were anticipating when the ETF was
• 0:40
  approved, which coincidentally was, you know, the like the same
• 0:44
  day that Hal Finney tweeted out running Bitcoin so many years
• 0:48
  ago and then the whole SCCF up. But yeah, we're going to have a
• 0:54
  little bit of an ETF update. A lot of people were
• 0:56
  anticipating that it was going to pump, but of course, Bitcoin
• 0:59
  did the exact opposite and it dumped.
• 1:02
  But there's a reason for that. Apparently it is grayscale and
• 1:05
  grayscale. Apparently is dumping a lot of
• 1:07
  Bitcoin on the market, and people are saying that that's
• 1:11
  the reason that Bitcoin is dumping the way it is.
• 1:14
  But I mean, I've been in Bitcoin for a little bit and I think
• 1:17
  I've seen this behavior before. A lot of people are so hyped
• 1:20
  about the futures, they're like, this is gonna pump the price.
• 1:23
  And then Bitcoin did the exact opposite.
• 1:24
  So was this a sell the news event?
• 1:27
  I don't know but we'll we'll discuss all that.
• 1:29
  We also have an amazing guest today.
• 1:31
  He's he's come on the show a couple Times Now.
• 1:33
  Really enjoyed the last time he's come on the show and of
• 1:35
  course I'm talking about Nolan. Nolan is the host of the
• 1:38
  breakup. Definitely recommend checking
• 1:40
  out his YouTube channel but no more delay.
• 1:42
  Let's bring up my legendary Co host always up.
• 1:45
  He is smiling today and of course.
• 1:48
  How you guys doing? Loving life man.
• 1:51
  Who could complain? Who could complain on these
• 1:54
  days? Exactly.
• 1:55
  You're doing it right. Then you're doing it right.
• 1:57
  Nolan. Nolan, we, we had a discussion
• 1:59
  earlier on and I just got to say this, guys, Nolan has it figured
• 2:02
  the F out. He has it.
• 2:04
  Figured out. He's he's hacked life.
• 2:07
  Look you know Bitcoin changes you.
• 2:10
  So I I'm I'm already post my 10 year anniversary year as a
• 2:15
  professional bitcoiner. So all you gotta do is keep it
• 2:19
  simple and stack sats and it's that simple right?
• 2:23
  And you know I did the math. Had I not done anything else in
• 2:28
  my career, had I just worked at Starbucks and kept stacking
• 2:33
  stats from the moment I started, I would probably have more
• 2:35
  Bitcoin than I do today. Too many Bitcoin adventures and
• 2:40
  it's so true. But it's it's you could
• 2:43
  actually. It was all ego and it was all
• 2:45
  like, I got to achieve this and I got to achieve that and all I
• 2:48
  love it, right. There's like a calling and you
• 2:50
  can't help it and you want to you want to advance Bitcoin for
• 2:54
  sure. We've been in sort of a World
• 2:56
  War 3 mindset for, you know, the minute you understand Bitcoin,
• 3:00
  you understand exactly what you're up against in some ways
• 3:05
  and what you're trying to change.
• 3:06
  And it reprioritizes your politics and those kinds of
• 3:08
  things. So here we are, you know, a a
• 3:11
  reprioritized politics. And and it looks like the
• 3:14
  world's changing to us so. That's it.
• 3:16
  It it does. It looks like they're people are
• 3:18
  are finally starting to awaken. That Overton window's definitely
• 3:21
  shifting a decade in Bitcoin, bro.
• 3:24
  So it's my eighth year this year and you're it definitely changes
• 3:29
  your perspective. But what I've seen is that that
• 3:32
  rabbit hole doesn't end right, 'cause, you know, you've seen
• 3:36
  someone who's like 12 years in Bitcoin and their attitude of of
• 3:41
  like, I just don't like, you can't F with me.
• 3:46
  I just don't care. But it's a it's a good, it's not
• 3:48
  like a nihilistic. I don't care.
• 3:50
  It's like like I have my money in self custody.
• 3:54
  I don't have to deal with your Fiat BS.
• 3:58
  I'm. I'm chilling.
• 3:59
  One of the ways I like to think about it is that you it's like
• 4:02
  with with COVID, right? Bitcoiners had the least amount
• 4:05
  of adjustment to understand what was going on.
• 4:08
  Like like forget the virus for a second.
• 4:10
  Most bitcoiners knew there was a big print coming.
• 4:13
  There was something societal on a major level that would affect
• 4:17
  markets, that would affect Bitcoin.
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  And you know, when we saw what it was exactly, I think
• 4:23
  bitcoiners had the least amount of rearranging their idea of the
• 4:29
  world they lived in, right? There's still some people that
• 4:32
  got flattened by that. They were unable to rearrange
• 4:34
  their world view to to equate with what we were seeing.
• 4:38
  But Bitcoiners did, which is why Bitcoin 2021 coming out of the
• 4:44
  pandemic, was literally the first social gathering on Earth.
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  And it was very fitting that it was Bitcoiners.
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  I think when we think back on World War Three, in the same way
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  that, you know, a generation like our parents and us look
• 4:57
  back on World War 2 and we saw the, you know, you kiss the girl
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  and the win the war and all these famous pictures, I think
• 5:03
  the Bitcoin 2021 show is going to be in that realm of like.
• 5:07
  And then look at these psychopaths.
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  They just didn't care and they just met without masks.
• 5:12
  And I think you're going to be able to chart you're you're
• 5:16
  actually gonna be able to use Bitcoin to chart World War
• 5:19
  three. And even you know, we're we're,
• 5:21
  we're coming at this in in terms of like political events going
• 5:24
  on. And you know we had New
• 5:26
  Hampshire yesterday with the primary and we started to hear
• 5:30
  President Trump talking about the CBDC thing.
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  Now I have a prediction which is a lot of fun.
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  First of all, I predicted that Vivek would be the person that
• 5:39
  brings this to his attention, and it looks like that's what
• 5:42
  happened. But more importantly, here's
• 5:46
  what's gonna happen. We've been talking about the
• 5:48
  realignment for a long time from, you know, red and blue
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  politics and a realignment in America to green and orange.
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  That it is actually woke versus Bitcoin and that it is, you
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  know, government centralization versus decentralization, the old
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  system versus the new system and that it had nothing will have
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  nothing to do with Democrat and Republican.
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  But here's the interesting thing.
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  With Trump now going to be the Republican nominee, what you're
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  gonna end up getting is the whole public that always, I mean
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  TDs is such a there is such a thing as Trump Derangement
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  Syndrome. Trump absolutely causes mental
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  illness in people. People will see him speaking
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  against CBD CS. And I swear to you, I swear to
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  you, half the population is about to embrace CBD CS as a way
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  to be to make Trump wrong. So you're gonna start getting a
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  situation where politics are going to realign by the summer,
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  by 2024, summer before the election, we're going to see
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  politics very clearly. It's going to become more
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  obvious than ever before that the choice is really between
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  centralized systems, preserving the World War 2 winning machine,
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  which is now decayed and decrepit, and it's creating way
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  more problems than it's worth versus starting from scratch.
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  And and I think what Vivek offers even in this, you know,
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  he talks about destroying the FBI completely.
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  And after what Elon Musk did to Twitter and Elon and and Vivek
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  speaking in that way about downsizing government, I think
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  we're actually there. We actually do now have this way
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  to win World War Three. And what winning World War Three
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  actually means is just decentralizing American power
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  from Washington, DC And we're well on our way now.
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  I think they're in, they're in complete disrepute, right?
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  Like they're the most like. No one believes these people
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  anymore. It's just clown world all day,
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  every day. The new thing is that that home
• 7:41
  gardening is more carbon, something like the farts of the
• 7:45
  cows and worse than industrial farming.
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  Did you see the Did you see the Kerry Lake leak?
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  That was insane. That was.
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  Crazy. Well, the Uniparty is the
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  problem though, right? But.
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  They said Nolan, they said the choir part out loud, right.
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  We went all like, like high, like, you know, coming up with
• 8:04
  these theories and like we basically like we we've caught
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  them dead to rights. But we haven't found the smoking
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  gun, The fact that he's like openly, like he doesn't ever say
• 8:14
  bribe. But he's like there's some very
• 8:16
  powerful people that don't want you to run like that is like the
• 8:18
  Super villain type of thing that you think is happening.
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  But they're actually saying it's happening.
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  You're just like, what the fuck is going on?
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  This is crazy. It's the best.
• 8:28
  We're having a great time and I think 20, you know, and and and
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  here's the thing about even where it goes forward as far as
• 8:34
  Bitcoin changing you and what you said at the beginning about
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  just, you know, F you money and all this stuff, it gets even
• 8:40
  more interesting than just the politics.
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  And I think this is where bitcoiners are really gonna
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  shine. It goes actually into history.
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  Like like, do you think news is wait until you see history?
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  It's a million times faker. So this thing actually will go
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  much further than we think. We're going, we're going to get
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  deep into history. We're going to find out where
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  real systems of control started. Because I I think that once you
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  understand that printing money is mind control, right?
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  Once you understand that having root key access to people's.
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  You know, last time I was here I was talking about my Bitcoiners
• 9:16
  guide to NPC management book, right?
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  Which is really how you can organise your relationships with
• 9:22
  NPCS around Bitcoin. But but this whole idea of
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  understanding that we are all just not rational whatsoever.
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  Bitcoiners, everybody, none of us are rational.
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  We don't actually use rationality to come up with
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  things we want. We are a series of wants and
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  fears. And we we do something like
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  rationalize after the fact depending on if the fear is
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  greater than the want. Or we put together some logical
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  construct using language and just like an AI, right.
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  We put this stuff together and then we go, oh, that's what I
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  had wanted. I you know that that's what I
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  want. You know, because XY and Z, it's
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  not that right. We are we are still just these
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  wants and fears. And if you can control money,
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  you actually have mind control because you can determine what
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  people want, what they're afraid of.
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  And if you have those two levers, you actually have root
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  key access to most people's brains.
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  And that's where these orchestrators of money really
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  started. Now how it doesn't actually
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  require money. Just a few people understanding
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  this information a few 100 years ago would be incredibly
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  powerful. This is dark magic of the
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  highest order and and and and bitcoiners actually have a
• 10:31
  magical incantation that can protect us and fight back.
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  Yep, it's a it's a it's a force field.
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  But Nolan, to your point, in terms of the Overton Window,
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  Javier Malay at the Conciling Air Conference, AKA the World
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  Economic Forum, he said exactly what you said.
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  He's like, governments no longer need to control the means of
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  production. They could just print money and
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  then you're just like, Oh my God, it's happening.
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  How did they let him speak there?
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  That was a really bad idea. And it.
• 11:00
  Was about to introduce them about everything.
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  These are not smart people. I mean we have to we we also
• 11:06
  have to remember I mean there are smart people involved.
• 11:10
  But look at all of the high Iqs now and where they're headed,
• 11:13
  right. They're all headed towards
• 11:14
  people and you've got you know if you if you just look at the
• 11:17
  metrics of who we've got. You know, here here's the way I
• 11:20
  break up World War 3. Right.
• 11:22
  And you can even take the old battle names the allies.
• 11:27
  Well, the, the more like the allies, right.
• 11:30
  So the allies are now the allies, right.
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  And so the allies are really against the able people.
• 11:36
  It's the allies versus the able people.
• 11:39
  And the able people are the folks like Elon Musk, right.
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  He owns like 80% of the tonnage in space.
• 11:45
  You know, Apple and all these stupid companies, they're done
• 11:49
  because the if you just invented the Internet and all these tools
• 11:53
  today, there's no way you would ever come up with an idea so
• 11:55
  stupid as apps. There's no way The only reason
• 11:58
  apps exist is because they wanted to sell them on the
• 12:01
  iPhone to the, you know, space in the store.
• 12:03
  Like the phone is really just a delivery system for the Apple
• 12:06
  Store. And then you buy all their
• 12:09
  stupid shit there and that's how they make, you know, a lot of
• 12:12
  money on the iPhone. So but it but if you have AI and
• 12:16
  you have a satellite to phone connection, well suddenly I
• 12:21
  don't have to decide whether it's Signal or WhatsApp or
• 12:26
  Telegram. I just say, hey, write a note,
• 12:31
  tell XYZ I'm coming. Right.
• 12:34
  So you're not going to have apps anymore.
• 12:35
  They're just gone and and you're going to have this interface.
• 12:39
  You know, you ask me if I have a a a new book, and I do, you
• 12:43
  know, it's called the Satoshi Wedding murders.
• 12:45
  If you go on my website, it's about that.
• 12:48
  It's about a world where every human has what I call an
• 12:53
  eyeball, an AI ball, and that eyeball is sort of your wallet.
• 12:57
  And a Satoshi wedding in this story is a little bit like
• 13:00
  royalty. Monarchs hold laws and
• 13:02
  confidence for people in a sense, right?
• 13:04
  The crown is really this like public Organism held by a human.
• 13:08
  In this world, Bitcoin liquidity is held by huge counts, like
• 13:12
  almost like royalty. But the markets are very liquid.
• 13:15
  There's no material want or need.
• 13:16
  You can earn and spend, and your your eyeball will help you get
• 13:20
  it right. If it sees something funny and
• 13:23
  it goes viral, you've made a bunch of money, you're fine,
• 13:25
  right? So but here's the thing.
• 13:27
  When you get married, right? When you get married, your
• 13:31
  eyeball has to be away from you so you can join wallets.
• 13:35
  Otherwise it'll fuck up the Bitcoin, right?
• 13:37
  So what happens is the story is it starts with the doors to this
• 13:41
  big royal wedding open and the bride and groom are dead and the
• 13:45
  Bitcoin's gone. It was their only moment of
• 13:47
  privacy to to consummate a Satoshi wedding you need a
• 13:50
  moment of privacy to join the wallets.
• 13:55
  And now. But they don't actually remember
• 13:57
  how to solve crime. They don't remember how to do
• 13:59
  that because it's like every murderer is just you have an AI
• 14:03
  witness and it's really just like sports.
• 14:05
  Like the hero shows up and then you're, you know, why'd you do
• 14:09
  that? It's like Minority Report or
• 14:10
  something. Right, dude, this crazy.
• 14:12
  Ladies and gentlemen, this is what happens when you spend a
• 14:15
  decade top. I did this, like, top three
• 14:20
  opening monologues ever on the show.
• 14:22
  So yeah, we're gonna, we're gonna, we're gonna push the news
• 14:25
  back on today's show. We're gonna, we're gonna push
• 14:27
  the culture forward so we can spend more time talking with
• 14:31
  Nolan. But all right, ladies and
• 14:32
  gentlemen, no more delay. Let's jump straight into the
• 14:34
  numbers. We have a lot to talk about
• 14:35
  today. Let's check it out.
• 14:38
  The Bitcoin numbers. Is your Bitcoin in cold storage
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  the stamp seed website at the time of recording the Bitcoin
• 15:47
  Price is 40,110. Stats Per Dollar 2493 Block
• 15:52
  Height 827,000, 171 Blocks to Having 12,829 having Estimate
• 16:00
  April 20th, 2024 Total Lightning Network capacity 4834 or
• 16:05
  194,000,000 U.S. dollars. Realize monetary inflation 1.74%
• 16:10
  Continuing to take Fiat currencies to absolute school
• 16:12
  market cap 786 billion and Bitcoin versus gold market cap
• 16:16
  5.71%. In the grand scheme of things
• 16:19
  Bitcoin is just getting started. Anyways, I do want to react to
• 16:23
  this video today. Here is the head of iShares
• 16:26
  products Rachel Gear. I hope I pronounced that
• 16:30
  correctly. Talking on Yahoo Finance, I
• 16:32
  think that if you would have told me many years ago that, you
• 16:36
  know, you would have essentially the largest asset manager in the
• 16:41
  world, you know, and the CEO, Larry Fink, just openly, you
• 16:44
  know, advocating for Bitcoin and talking about how Bitcoin can be
• 16:48
  used in, you know, in countries that you know suffer from high
• 16:51
  inflation or totalitarian regimes, I would not have
• 16:53
  believed you. So I think this is just a
• 16:55
  testament of bitcoins and tips continuing to win.
• 16:58
  So it's about a 3 minute video, but I do have it at 1.25 the
• 17:01
  speed, so let's check it out. I mean, I will say by every
• 17:04
  measure this launch has gone incredibly well.
• 17:07
  We've really seen a groundswell of interest coming from many
• 17:10
  directions. When you look at volumes, when
• 17:12
  you look at flows, when you look at how the the product itself is
• 17:15
  trading, the iShares. Bitcoin Trust, what we like to
• 17:17
  refer to as IBIT has traded more than 3 1/2 billion since its
• 17:22
  launch just a little over a week ago.
• 17:24
  We've brought in more than 1.6 billion in flows.
• 17:27
  We're the number one issuer, new issuer, both in terms of volume
• 17:30
  as well as flows. When you look at the spreads,
• 17:32
  we're trading at a penny. Why?
• 17:33
  This is exactly what you want to see.
• 17:35
  What we're here for is to provide investors access and
• 17:38
  that's exactly what we're doing. So what's next for BlackRock
• 17:40
  products? I mean, does this now clear the
• 17:42
  way for consideration of an Etherium ETF as well?
• 17:45
  Well, it's really interesting and thank you for the question.
• 17:47
  It's a great question because you know this is really what
• 17:50
  innovation is all about. We are constantly thinking about
• 17:52
  what it is that our clients need staying ahead of those needs.
• 17:55
  And so we're going to continue to do that.
• 17:57
  We've been at the leading edge of innovation and we will
• 17:59
  continue to be as well. It doesn't follow a straight
• 18:02
  path, It involves solves risk, but that's what we're here for.
• 18:04
  And and and that's what we love. I'm curious, Rachel, to get your
• 18:06
  perspective on. All right.
• 18:07
  So before I do want to kind of show this graphic and shout out
• 18:12
  to friends over at Bitcoin Magazine, and it kind of
• 18:16
  visualizes what she's talking about in regards to kind of the
• 18:19
  holdings and the trading volume and all that stuff.
• 18:22
  So yeah, I mean, it's a lot, to say the least.
• 18:27
  Clearly, there's a lot of interest.
• 18:30
  Yeah. So I mean, but you would think
• 18:33
  and that my questions to you Nolan, like you would think that
• 18:36
  the price would pump when all this is happening.
• 18:39
  But it looks like the exact opposite happened, which I mean
• 18:43
  I've been in the market line enough to like I saw everyone
• 18:46
  was so excited. I was like this is definitely a
• 18:48
  dump that like I'm like I had my suspicions that it was going to
• 18:51
  be a seldom news event and it seems like that happened, right.
• 18:54
  So what's your take on this? And then also kind of connecting
• 18:57
  it with what you were saying in the very beginning of the show,
• 19:00
  which I thought was fascinating, which is you can make the
• 19:03
  argument that the ETF has captured Bitcoin.
• 19:06
  It's on the forces of centralization, right.
• 19:08
  It even says it in some of the some of the disclosures that,
• 19:12
  you know, there's a disclosure basically saying that the
• 19:16
  government can seize this whenever they want.
• 19:18
  So and that's essentially what the ETF is opening up.
• 19:21
  And part of the reason that I think that the US government
• 19:23
  finally allowed it is because they're just like this is
• 19:26
  captured Bitcoin. We could 6102 the F out of this,
• 19:29
  you know. So what's your take on that?
• 19:32
  No, I mean what we're seeing so, so just the the potential of the
• 19:37
  ETF to destroy the American to destroy Bitcoin first, all
• 19:41
  right. So the way I see that is indeed
• 19:45
  it can affect some buy pressure on chain in the sense that you
• 19:49
  can start obfuscating and they can indeed you know the the
• 19:52
  government definitely could take it from the black rocks and all
• 19:54
  that stuff. So I think that the the
• 19:57
  mechanics are there for us to imagine this will happen.
• 20:00
  Right. It it's definitely a
• 20:01
  possibility. So I don't want to downplay the
• 20:05
  centralizing forces that are that are at play with this
• 20:07
  thing. However, however, there's going
• 20:10
  to be more than one ETF in the world first of all, right.
• 20:13
  So this, this is to go to the question of like you think it
• 20:15
  would pump and we wouldn't have to sell the news thing.
• 20:17
  Well, we had a lot of the GBDC thing and there was them
• 20:19
  unwinding or seeing a lot of people analyze that online.
• 20:22
  I believe you had cell pressure because of that and there was a
• 20:25
  lot of buy pressure. But here's where it's headed
• 20:27
  next and that's why we're doing a show, I you know program shows
• 20:30
  for Bitcoin Magazine. We're going to be doing a show
• 20:34
  in Hong Kong, May 9th and 10th for exactly this reason because
• 20:38
  there is no cell pressure or GBDC type asset in the Hong Kong
• 20:43
  market and they're interested in having a spot ETF approval
• 20:48
  instantly. They want to do it right now
• 20:50
  it's coming from their largest institutions, their regulator,
• 20:54
  all these folks really want it. And what you get there is
• 20:58
  exposure to all kinds of family offices in Asia, all kinds of
• 21:01
  people who haven't been able to buy Bitcoin for a long time.
• 21:04
  So now all of this in mind, what you're saying, going back to the
• 21:08
  original question about consolidating, centralizing
• 21:10
  Bitcoin, You can actually see now that there are choke points.
• 21:13
  Let's call them, sure. But as always, you're playing
• 21:17
  with fire. And the physics of Bitcoin mean
• 21:19
  that if you play with this type of fire, it's like playing with
• 21:22
  a nuclear rod. You're going to get burned.
• 21:25
  It's just inevitably you're going to get burned.
• 21:26
  So indeed, there will be a lot of people buying it from these
• 21:30
  places. But look how much Bitcoin is
• 21:31
  already held by individual hodlers.
• 21:35
  Look at how many Bitcoiners are never selling.
• 21:37
  The reason we're never selling is because we don't think
• 21:39
  anything else out there is money.
• 21:41
  We hold the only money in the world.
• 21:43
  And so they'll Blackrock's never getting my Bitcoin, they're
• 21:46
  never getting your Bitcoin. They're never getting a lot of
• 21:48
  the people's Bitcoin that are already out there.
• 21:50
  And it won't take many people to start putting that leverage that
• 21:54
  we require to separate money and state.
• 21:57
  And by getting wealthy people like BlackRock to start
• 22:00
  realizing, oh, like what I heard from Larry Fink is someone who
• 22:03
  is trying to actually de risk exposure to the US dollar and
• 22:08
  the US edifice, right. This is de risking.
• 22:10
  Like he's actually talking about it as de risking from the
• 22:13
  dollar. And you're going to see this
• 22:15
  more and more and more. The dollar existed in order to
• 22:18
  maintain the US hegemony after World War 2 and the Petro dollar
• 22:22
  and the one market which existed for oil and U.S. dollars, right.
• 22:27
  We went to war. If anyone tried to sell oil for
• 22:31
  anything but U.S. dollars, but that world is already gone.
• 22:33
  It's already gone. You can sell oil for whatever
• 22:35
  you feel like now and so in in in in hardly any time, right?
• 22:40
  So what will happen next is the energy companies in the world
• 22:43
  simply require a reference for the price of energy.
• 22:47
  Not necessarily just oil, just energy.
• 22:50
  Right now we still only really have the Brent price.
• 22:55
  We've got the West TX crude price, we've got a few other
• 22:57
  OPEC price, right? There's a few other oil prices
• 23:00
  in the world all measured in U.S. dollars.
• 23:03
  It's not going to be possible to do that once America feels the
• 23:06
  repercussions of everything it's done both in markets in the
• 23:09
  world and and all these other things.
• 23:11
  And I mean, I don't mean Americans or American companies,
• 23:13
  I mean the US government. So you're going to start to see
• 23:16
  the trade, the hyper bitcoinisation versus
• 23:19
  hyperinflation come into, you know, real contrast.
• 23:24
  And when that happens, the black rocks are going to be measuring
• 23:26
  psychologically, measuring wealth in Bitcoin and the energy
• 23:30
  companies are going to be psychologically gauging energy
• 23:33
  markets in Bitcoin. So the the path forward to
• 23:35
  separating money in state doesn't have to go through more
• 23:38
  plebs, more plebs. We would all love to see that.
• 23:40
  We would all love to see that, right?
• 23:42
  But the more likely scenario that we're heading into is 1
• 23:45
  where wealthy institutions now understand the risk that
• 23:50
  centralized forces are giving them.
• 23:52
  Indeed, that they're holding Bitcoin for that reason and
• 23:55
  selling it for that reason. You just heard that Lady talk,
• 23:56
  right? Here's the thing that's about to
• 23:58
  happen to Bitcoin. Look at how polished she was.
• 24:01
  Look at how well spoken this person was on television.
• 24:04
  We're about to get all of the financial advisors in the world.
• 24:08
  I mean in the world, and these people know how to sell, sell,
• 24:11
  sell. These are the best sales people
• 24:12
  in the world. The the there's a reason why the
• 24:15
  best and writers have gone to Wall Street.
• 24:16
  It's the best paying jobs. That won't be the case in the
• 24:19
  future once we go to the Bitcoin Center.
• 24:20
  But the people who sell that future are going to be these
• 24:23
  investment advisors, and they're going to go and they're going to
• 24:26
  be able to sell Bitcoin as well as anyone has in the history of
• 24:29
  this. I was one of the first people to
• 24:31
  be on Wall Street to sort of sell Bitcoin.
• 24:33
  I did the events for Coin Desk in the early days when Bitcoin
• 24:36
  was just coming to Wall Street. So I was the Bitcoin guy that
• 24:39
  would go from Coindesk to all of these investment banks.
• 24:41
  I met these advisors before. They had a thing to sell.
• 24:44
  Very smart people, very smart people, the best salesman in the
• 24:47
  world. And so we're going to get them.
• 24:49
  Like this lady that you saw on television, she wasn't, you
• 24:52
  know, I heard in the comments it was like the hot girl who
• 24:54
  realized, you know, well, yeah, that's what it is.
• 24:57
  That's what it is, right? That's what it is.
• 24:59
  And so you're going to get that across the board, and you're
• 25:02
  going to get the rich energy companies.
• 25:03
  The rich energy companies don't want to be dragged down by Joe
• 25:07
  Biden. They don't want to be dragged or
• 25:09
  by Trump or by any politician or by the systems that they're
• 25:12
  perpetuating. So you're going to see them de
• 25:14
  risk and you're going to see psychologically Bitcoin become a
• 25:18
  reference that that's what a Bitcoin standard means.
• 25:21
  A Bitcoin standard just means that Bitcoin like water, right?
• 25:24
  Do you know how we got the metric system?
• 25:26
  It's just water. We just took the properties of
• 25:28
  water, right? And we said, OK, it freezes at
• 25:30
  this temperature in a boil. Oh, OK.
• 25:31
  We'll make that 0 and then it boils at this.
• 25:34
  We'll make that 100 and then we'll just divide it all up.
• 25:37
  And that's where you get kilometers from.
• 25:38
  That's where you get all this from.
• 25:40
  Water would be an easy way for us to communicate our measuring
• 25:43
  system to an alien, and in the same way that it sort of was a
• 25:48
  was a really clever way to understand the physical
• 25:51
  environment around us. Bitcoin will be that for
• 25:53
  commercial transactions, it will be a measuring stick.
• 25:55
  It's a way to understand and and and accurately deploy capital.
• 25:59
  Because that's only the real problem we have, right?
• 26:01
  We don't know how to accurately deploy capital because it's all
• 26:04
  gummed up by unhealthy people telling you how to be healthy,
• 26:08
  by poor people telling you how to make money and all of this
• 26:11
  stuff. So we're we're we're we're well
• 26:13
  on our way. And I'm not worried about
• 26:15
  consolidated competition amongst some investment banks.
• 26:20
  I agree it does look a little like gold.
• 26:23
  I can see the mischief can get in.
• 26:24
  But the reality is Bitcoin has been manipulated all this time.
• 26:28
  If you think Bitcoin price hasn't been manipulated all
• 26:30
  these years, you're living in a different planet.
• 26:32
  It has been right. And we lived.
• 26:34
  We survived. We have to continue to live
• 26:37
  through this experience of Bitcoin's price being
• 26:39
  manipulated, and it will be manipulated again.
• 26:41
  There's nothing we can do about that except keep holding and let
• 26:45
  them burn themselves. Because in the end, if you
• 26:48
  manipulate this market, guess what happens?
• 26:50
  You get burned, you get burned, and we're going to burn them,
• 26:54
  right? That's that's what will happen
• 26:55
  if you manipulate this thing. Oh man, give them bars off the
• 26:58
  give them bars. Motherfucking oh.
• 27:03
  Man, we gotta get. We have to have I.
• 27:06
  Don't even need to respond like Nolan makes our job easy.
• 27:09
  Just. Let Nolan.
• 27:10
  Drop mics in there anyways off the I'm not.
• 27:13
  Even responding, I can't respond after all.
• 27:15
  That Nolan doing. Our job today?
• 27:17
  I got so many questions. Okay so okay.
• 27:21
  So much sauce in there. Wall Street being the the best
• 27:24
  salesman. So I have a buddy of mine.
• 27:26
  We went to high go together and he ended up climbing the ranks
• 27:29
  at Goldman and as soon as the ETF got approved, I'm like,
• 27:32
  you're on team Bitcoin now, right?
• 27:34
  Question mark. And he responded like FU because
• 27:37
  I've been telling him for like 8 years.
• 27:39
  So yeah, did did it worry you at all, Nolan that like for
• 27:43
  example, Vanguard took this stance where it's like we're not
• 27:45
  gonna offer this to our clients? I, I, I and then I think it was
• 27:49
  JP Morgan also that kind of like announced that as well.
• 27:52
  So it seems like there has been some type of resistance, but I
• 27:56
  agree with your point. In the long run, they're just
• 28:00
  gonna, they're burning themselves, right?
• 28:01
  They're they're hurting their clients.
• 28:03
  Their clients are gonna get pissed off.
• 28:05
  They're either gonna go to a different place or they're gonna
• 28:06
  change the leadership within that company, right?
• 28:08
  So I wanna get your take on that.
• 28:11
  No, I think that's exactly it. I think that the folks like
• 28:14
  Vanguard who are trying to make a point about this are just
• 28:18
  gonna and and they might not. Like I said, I think things are
• 28:21
  headed towards a major shift, right?
• 28:25
  So I can see people doubling, doubling down on their
• 28:28
  stupidity. I could see that right now.
• 28:30
  Imagine this world where, you know, Vanguard misses the boat
• 28:34
  on the Bitcoin ETF and all this stuff and they go into Ethereum.
• 28:38
  So here's the thing bitcoiners need to start embracing, right?
• 28:43
  Because indeed, we want to change the world from what we
• 28:47
  exist with today, what we live with today.
• 28:49
  Which is a world where, as I was mentioning earlier, the highest
• 28:53
  paid people, like in any time in history, the highest paid
• 28:56
  people, that job attracts the highest IQ, the best performers,
• 29:02
  the most talented people, all of that stuff.
• 29:05
  Right now, Wall Street has had a monopoly on this for a long time
• 29:10
  because financial engineering with Fiat money is it it, it
• 29:13
  sort of creates a situation where these people were the
• 29:16
  highest paid. And that's really what we're
• 29:17
  suffering from right now. That's why the, you know, people
• 29:20
  can say, oh, DEI and woke shit in the airplanes.
• 29:23
  It's not even true, right? Anyone can fly a plane.
• 29:25
  That's that's not a problem. The problem is these companies
• 29:28
  have become financial financialization junkies.
• 29:32
  It has nothing to do with the DEI for the pilots, right.
• 29:35
  So the pilot is a pilot. They're not going to like lower
• 29:37
  the standards of pilots to do a DEI thing, but the nevertheless,
• 29:41
  we got the troubles with the airplanes.
• 29:42
  And where does that come from? Well, Boeing is actually really
• 29:45
  in Chicago now to do the financial engineering.
• 29:47
  They don't give a shit about what happens in Washington state
• 29:50
  with the actual engineers, right.
• 29:54
  So the financialization of everything that came with Fiat
• 29:58
  has created this situation where you can't even get the best and
• 30:02
  brightest anymore because there's just too much demand for
• 30:05
  financial engineers. So you've got good ones and
• 30:07
  you've got bad ones. But this is a sign of the
• 30:08
  saturation of that market. And indeed, we will destroy some
• 30:12
  of these because we're going to shrink it, right?
• 30:14
  We're going to shrink it. And this is something I wish
• 30:16
  bitcoiners would embrace about crypto, right?
• 30:18
  Do you know what crypto is going to do?
• 30:20
  Crypto is going to wipe out Wall Street for us.
• 30:22
  It's going to wipe it out for us there.
• 30:24
  The the low IQ Wall Street firms are going to buy all the shit
• 30:28
  coins that you can deal and they're just gonna keep buying
• 30:30
  them and they're just gonna keep.
• 30:31
  They're never gonna stop. They're gonna double down.
• 30:33
  It's gonna be like that moron who is still buying quite a
• 30:36
  default swaps after the market had already tanked back in 08.
• 30:39
  You know, the one they put in the movie and all that stuff.
• 30:41
  So you're gonna see these folks and that, that's why as
• 30:44
  Bitcoiners, we have to actually say, well, Ethereum isn't a big
• 30:48
  enough scam. It's not big enough.
• 30:50
  We need to grow it larger because in the end we got to get
• 30:54
  back to a world where the best and brightest just go into
• 30:56
  stacking sats and like making good chairs or whatever, right?
• 31:01
  Good airplanes would do. But they they've got to.
• 31:05
  They've got to get to this point where we see that the best and
• 31:09
  brightest are now attracted to a totally different profession
• 31:12
  where we can start to see the time, preference and the
• 31:14
  Austrian economics school of thought, right.
• 31:16
  Austrian economics. Don't forget say to you that
• 31:18
  economics, even though you're dealing with numbers, it's not
• 31:20
  math. The numbers are there.
• 31:22
  There's no math involved. It's psychological.
• 31:26
  The markets are psychological. The economy is psychological.
• 31:29
  Bitcoin is a psychological commodity, just like the dollar.
• 31:33
  And when I see Vanguard, I see the end of the psychological
• 31:37
  strength that Wall Street used to have.
• 31:39
  They're stupid. That's it.
• 31:40
  That's the way to explain. This this is great.
• 31:47
  This is great. I do want to give a shout out to
• 31:48
  Bitcoin Asia guys. You can use promo code simply
• 31:51
  your tickets. Let's continue this conversation
• 31:54
  with Nolan. But before let's hit the culture
• 31:56
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• 32:26
  All right, Nolan. Well, before we go into all the
• 32:28
  stuff you've been creating and you're working on everyone
• 32:31
  saying let Nolan cook more so. Maybe you want to cook?
• 32:34
  Maybe you want to talk more on this, this whole idea of Bitcoin
• 32:38
  and politics, the Trump Derangement Syndrome.
• 32:40
  What floor is yours? Rant away and then and then
• 32:43
  we'll plug all the stuff you're working on, brother.
• 32:46
  Well, you can see, you know, to take Canada today, for example,
• 32:50
  right? Yesterday we we saw some amazing
• 32:53
  fake news, which was the the newspaper, the the fakest news
• 32:59
  you'll find in Canada, which is called the CBC.
• 33:01
  It's like the BBC but for even lower IQ people.
• 33:04
  And so this CBC ran a headline today that the Federal Court
• 33:10
  found the trucker thing was unreasonable.
• 33:14
  OK, so first of all, it's fake news because they found it
• 33:18
  unconstitutional, right? So totally different.
• 33:21
  And by this I'm talking, of course, about martial law being
• 33:23
  declared for the truckers. So here's, here's where, here's
• 33:28
  the strain of thought. You've got to see things right,
• 33:30
  where I see the connection to TDs and what's going on with
• 33:34
  Trump and and even what you're going to see next.
• 33:37
  Right. So I've made a prediction for a
• 33:39
  while now that Vivek and and here's the thing, I found Vivek.
• 33:43
  Vivek spoke at Bitcoin 2023 in in Miami.
• 33:46
  I found him when he went on Tucker Carlson last year 2022
• 33:52
  and he wasn't announced as president presidential candidate
• 33:56
  yet or anything like that. He was there to talk about CBD
• 33:58
  CS, right? He was an anti CBDC guy.
• 34:00
  I said, well it's kind of weird that I wouldn't know who an anti
• 34:03
  CBDC guy is. I've never heard of this guy.
• 34:06
  So who is he? Who is?
• 34:09
  Who is this Vex? So I found, you know, people
• 34:11
  that he went to high school with and then then he checked out.
• 34:13
  I was like, wow, this guy's legit, right?
• 34:14
  So I invited him to speak at Bitcoin 2023 before Christmas
• 34:19
  before it announced in 2022, like really early, right.
• 34:22
  And then he announced that he's going to run for president and
• 34:24
  he has this great campaign and all this kind of stuff.
• 34:27
  But I still knew him as the anti CBDC guy, and I spoke to him
• 34:31
  about it, with him, about it in Miami, all of this stuff.
• 34:34
  So here's what's going to happen, right?
• 34:36
  They've already banned Trump from speaking on television, you
• 34:40
  know, because he lies. They don't want to broadcast
• 34:44
  lies, dude. It's so crazy, bro.
• 34:46
  Like. The Rachel Maddow, like, stops
• 34:49
  the speech. Like, we can't play this for
• 34:51
  you. And then you're just like, what
• 34:52
  the like what type of dystopian stuff is that?
• 34:55
  This is crazy. It's I watch it as comedy, but
• 34:59
  you have to understand, I watch it as comedy.
• 35:00
  I don't watch it as like, oh, I put it on to see what's due and
• 35:04
  then they never see. They never don't surprise me
• 35:07
  about how funny it is, right? They live in this parallel
• 35:10
  reality where they believe the lowest rubes in the world are
• 35:15
  about to vote for Hitler. Like they they actually believe
• 35:19
  there's all these people around America that are too stupid to
• 35:22
  know any better and they want, they want to vote for Hitler.
• 35:25
  Like they're excited about it, right?
• 35:27
  That's what they're peddling. So it's just perfect, right?
• 35:30
  It's just perfect. 100% and here's no problem.
• 35:33
  Here's the problem. They're going to have to put So
• 35:36
  I believe Vivek, I predicted, I predicted Vivek would be the
• 35:39
  vice president for a long time now.
• 35:41
  I predicted that the reason why it would be different is because
• 35:44
  he's capable. Normally, your vice president is
• 35:46
  an incapable right, who doesn't really like the current one or
• 35:49
  Pence or they've always been by, you know, Biden before.
• 35:53
  They're always a little bit incapable, right.
• 35:55
  You don't want them to shine too bright.
• 35:57
  So, but but Trump's old and it's still what I don't like about
• 36:01
  him. He's old, right?
• 36:03
  As fun as he is, he's old. So I think Vivek will be the
• 36:06
  vice president. And we saw immediately the
• 36:09
  effect. Vivek showed him the audience
• 36:15
  enthusiasm to ban CBD CS and Trump recognized it.
• 36:19
  So Trump is starting to talk about it now.
• 36:21
  Now go back to what I just said about what Trudeau did and all
• 36:24
  that stuff. And this is where it starts to
• 36:25
  converge, right? You're going to have now Trump,
• 36:29
  I'll always admit, he's a bully who causes mental illness in the
• 36:33
  people that get triggered by him, right?
• 36:35
  That that, that. There's no way around that.
• 36:36
  There's some people who will never be able to not see him.
• 36:40
  For a bully, I get it, Right? I get it.
• 36:43
  But Vivek can say everything Trump says without causing
• 36:47
  mental illness, right? He can.
• 36:48
  He can sort of speak in a language in a way that libtards
• 36:53
  or whoever else you want to call them are able to understand.
• 36:57
  And so he's going to be on television talking about CBD CS
• 37:02
  all the time on the fake news and they're going to have to
• 37:05
  interview. And The thing is he's going to
• 37:07
  trigger them and he's they're going to have to come up with
• 37:09
  talking points. They're going to have to
• 37:11
  distribute counter talking points.
• 37:13
  They're going to have to and people up to deal with Vivek
• 37:17
  going on about CBD CS. So it's going to seem to a lot
• 37:22
  of people and those talking points are going to include
• 37:24
  things like, oh, look what they did in Canada when the Nazis
• 37:28
  took over with the truckers, right.
• 37:30
  It worked. It worked.
• 37:32
  So you're going to start to see the trucker like that was a good
• 37:35
  idea, right? Like the the whole thing with
• 37:38
  the truckers was a good idea, is what you're going to hear them
• 37:41
  say. And you're going to create a
• 37:43
  situation where, I mean, that's why Robert Kennedy came to our
• 37:46
  show last year. He didn't get Bitcoin until the
• 37:49
  truckers. I've thanked Trudeau thousands
• 37:51
  of times. I mean, I can't thank Trudeau
• 37:54
  enough, right, For orange Pilling.
• 37:56
  That many people overnight with his actions was one of the most
• 38:01
  incredible Bitcoin orange pill events the world has ever seen.
• 38:06
  And it will continue to pay dividends.
• 38:08
  I believe in the end, Trudeau will be the punchline of almost
• 38:13
  everyone's orange pill experience.
• 38:14
  They'll say, look, we were giving our tax money to these
• 38:18
  low IQ, very stupid people and they wasted it on the dumbest
• 38:23
  shit you'll ever imagine. He's the reason why we had to
• 38:26
  get rid of it all and and it's a it's gonna happen.
• 38:29
  We're, we're, we're we're seeing the political environment align
• 38:33
  to get rid of the fake prison of two ideas, the fake prison of
• 38:37
  politics, the the manufactured culture war fighting nonsense.
• 38:42
  And it's going to get replaced with the actual, the actual real
• 38:47
  tension, which is on centralizing power and
• 38:49
  decentralizing power. And Bitcoin is going to become
• 38:52
  the main contrast politically. And I think all the attention is
• 38:56
  going to come to it and and remember all that it will take,
• 38:59
  all that it's going to take in a in a world where money is
• 39:01
  psychological, Bitcoin is a psychological commodity. the US
• 39:05
  dollar is a psychological commodity.
• 39:06
  The economy is a psychological engine.
• 39:09
  The word economy is really fake. It just means politics, right?
• 39:12
  Economics are just macroeconomics.
• 39:14
  When the stupid people with all their degrees tell you macro or
• 39:16
  micro fake, there's only economics.
• 39:19
  There's politics added to economics.
• 39:22
  But that politics piece added to economics.
• 39:26
  It's going to have something like, now I'll say this about
• 39:30
  Trump. The most effective attack ever
• 39:32
  on Bitcoin was him saying he's not a fan.
• 39:34
  It really was because he didn't argue and it wasn't boring and
• 39:37
  it was like, Oh my God. But if Trump just says he's a
• 39:41
  fan, look out because you're equal and opposite reaction,
• 39:47
  which means Bitcoin will become front and centre for all debates
• 39:51
  on the future of the United States.
• 39:52
  And it really will be the organizing principle around
• 39:55
  which victory or defeat in World War Three are declared.
• 39:59
  Yeah, and and I wanna talk to you about, you know, and this is
• 40:01
  a fascinating conversation. By the way, Nolan, how are you
• 40:06
  on time? Pretty good.
• 40:08
  What are we, 21 O? What time is it over there?
• 40:10
  One O 2. Yeah, I got.
• 40:11
  I got another 20 minutes. OK, cool, cool.
• 40:15
  So OK, so you you mentioned World War Three, right?
• 40:18
  I wanna milk this to the end. We gotta take advantage of of
• 40:21
  Nolan still here. So you talk about World War
• 40:24
  three. What do you mean by that is is
• 40:27
  this like the? Because you know if you look at
• 40:28
  it from a historical context, governments have typically used
• 40:31
  wars when they default, right. So is this what you're talking
• 40:34
  about the 4th turning things are breaking.
• 40:36
  It's a reset. So, so even when I said earlier
• 40:38
  about Bitcoin coming out of the show, coming out of pandemic,
• 40:41
  being the 1st to meet. So I believe and that was in
• 40:44
  2021. I've been calling World War 3
• 40:47
  for years now. I mean I I believe it started
• 40:49
  around the Trump election time, but I'm not really sure probably
• 40:54
  a little before. Well, you could say it started
• 40:57
  in the in the financial crisis of 2008, right.
• 40:59
  That's that's the beginning of what happened.
• 41:02
  That's the beginning of new political narratives,
• 41:05
  particularly around race, right, particularly around race to
• 41:08
  supplant the old ones that people were starting to coalesce
• 41:11
  around with the Wall Street occupy and all this stuff.
• 41:14
  Right. So, so I'm not sure you don't
• 41:16
  have to worry too much about a date.
• 41:17
  But what you have to understand is World War Three has nothing
• 41:21
  to do with the other world wars. Nothing at all.
• 41:24
  The only thing that connects it to World War 2 is that in World
• 41:27
  War 2 we real, it's more connected to World War One
• 41:31
  frankly, right? World War One was about
• 41:33
  competing war machines, Fiat and gold, right?
• 41:38
  Fiat One. America built a better war
• 41:40
  machine in World War One. We don't talk about World War 2
• 41:44
  as a consolidation of World War One Americans.
• 41:46
  That's still sort of kept from us, right?
• 41:48
  Let's say Americans will do a reassessment of the World Wars
• 41:52
  and and and all of these things. But what World War 3 is really
• 41:56
  about is the psychological operations which grew out of
• 42:01
  World War 2 and persisted from then on, getting right straight
• 42:05
  probably from the moment Kennedy is assassinated to an actual
• 42:08
  reorganization of the United States of America.
• 42:11
  And you know, remember, Kennedy was not able to control the Cuba
• 42:18
  situation while he was president.
• 42:19
  He was already the 1st president that we know of that was not
• 42:23
  master of the country, right? He was not and and there was
• 42:26
  things he could and couldn't do and he knew it.
• 42:28
  And if you listen to his brother, he'll or his nephew on
• 42:32
  the campaign trail, he'll express exactly what happened at
• 42:34
  that time. So World War 3 instead of the
• 42:38
  other world wars which were really about propaganda systems
• 42:42
  versus financial systems, World War and and and military
• 42:46
  manufacturing, World War 3 looks to be more psychological and
• 42:51
  economic. And within the psychological and
• 42:54
  economic battlefront, there might be a little hot war.
• 42:56
  We're seeing it in Ukraine and and Israel for sure.
• 42:59
  I think you'll see some in America this summer.
• 43:01
  I think we have a new reason to not meet in public coming our
• 43:04
  way. You know who who knows who's in
• 43:08
  America these days. Right.
• 43:09
  So and who knows why what excuses you'll have to not meet
• 43:13
  anymore because of terrorism and whatever.
• 43:15
  So that that could be it, right? That that's part of what we're
• 43:19
  we're dealing with here. But World War three really being
• 43:22
  about countries versus individuals about systems about
• 43:26
  what countries look like going forward.
• 43:28
  The very concept of a nation state.
• 43:30
  What powers does it have what does it do.
• 43:32
  I continue to make the argument that the world we live in, it is
• 43:35
  really just the machine we built to win World War 2, which we
• 43:37
  never shut off. We never shut off.
• 43:39
  We kept running the aircraft carriers, we kept running
• 43:42
  everything. And that's where the bureaucracy
• 43:44
  comes from. Now what you see in legislation,
• 43:47
  for example, this week we also had the Chevron case, the
• 43:50
  Chevron doctrine at the Supreme Court coming into question.
• 43:53
  We're going to have the Jarkasi case come into question as well
• 43:56
  this year at the Supreme Court. Both of these are going to be
• 43:59
  limiting factors on the administrative state.
• 44:01
  They're going to be limiting factors on for example, the SEC,
• 44:05
  all of the SEC is the all of the SEC enforcement is
• 44:09
  unconstitutional. They shouldn't be able to do
• 44:12
  that and and that ledges that. That litigation is in front of
• 44:16
  the Supreme Court right now in America and I believe the court
• 44:19
  will decide that the SEC in its current form is
• 44:22
  unconstitutional. And you're going to see this and
• 44:24
  and if that judgement comes through it will actually make
• 44:26
  many departments in the federal government unconstitutional.
• 44:30
  And I think you're going to have an actual shrinking, exactly as
• 44:32
  Vivek says, a shrinking of the size of the thing that exists.
• 44:37
  You can see it in Texas right now, right?
• 44:38
  Texas is exercising their sovereignty against the will of
• 44:45
  the federal government. I think the states are going to
• 44:47
  become much more powerful and much more self aware and and
• 44:51
  will will start to exercise their powers more.
• 44:54
  So the forces of World War Three are really about psychological
• 44:59
  systems, which I've argued here is really the money and the
• 45:03
  economics, which are also money. It's really a psychological
• 45:07
  economic war based on incentive models, things like that, right?
• 45:13
  And and luckily all the technology we need seems to be
• 45:17
  coming online just as we need it.
• 45:19
  We're going to get the robots, we're going to get these
• 45:21
  electricity systems. We're going to get, you know,
• 45:25
  Bitcoin is going to become the main financial platform on which
• 45:30
  to finance decentralized energy grids.
• 45:33
  That's a major part of what we back right, a decentralized
• 45:37
  energy grid that that makes economic sense.
• 45:39
  So we're really, you know, here's another way to put it,
• 45:45
  you can actually keep score in World War 3 in terms of
• 45:49
  centralizing and decentralizing forces measured in Bitcoin.
• 45:53
  And you know, when I see the, the ETFs, these are, these are
• 45:58
  new participants coming into the fight.
• 46:01
  You're going to see it in Hong Kong again.
• 46:02
  The reason why we're doing a showdown there is because Hong
• 46:06
  Kong wants to bet against the CCP in some ways, right.
• 46:10
  And in this way in particular. So there's regular people out
• 46:14
  there and and here's the thing, Bitcoin is always at its
• 46:18
  strongest and and it's something you've been in for eight years.
• 46:20
  So you've only had a taste of this when average Chinese people
• 46:24
  and average Americans are all in on Bitcoin.
• 46:28
  That's how the world changes. And they have more in common
• 46:31
  because of Bitcoin, just like the average Russian person,
• 46:36
  right? These people have more in common
• 46:38
  because of Bitcoin than they have.
• 46:39
  That separates them. And they're going to realize
• 46:42
  that all they have, that that that that separates them is
• 46:47
  actually the thing they have in common, which is their
• 46:49
  governments and the proper amount of disdain they should
• 46:52
  have for them. So we're getting rid of the fake
• 46:55
  news, we're getting rid of the brainwashers, the enemy of the
• 46:58
  people. We're getting rid of the
• 46:59
  government systems and we're going to win the psychological
• 47:03
  and economic war that World War Three is.
• 47:06
  And we're going to win it because literally, our
• 47:08
  psychological state is stronger, right?
• 47:11
  We don't care about dips. You get a 5%.
• 47:15
  Whoops. Whoa, buddy.
• 47:17
  I mean, they can't handle this shit, right?
• 47:19
  So it's one of the reasons why we're going to win.
• 47:24
  If if Bitcoin crashed a $20,000 today, what would you like?
• 47:27
  You'd still do. I would be so happy because that
• 47:30
  means cheaper Bitcoin I get to buy.
• 47:33
  Yeah, it would. Be hilarious.
• 47:34
  It would be hilarious. And then the boomers, I want my
• 47:38
  money. Governor, please step in.
• 47:41
  Did you see there was? A tweet about that.
• 47:45
  They were talking about that on Twitter.
• 47:46
  Like, does Bitcoin need a bailout?
• 47:48
  Because it went down, what, 6%? And we're like, what are you
• 47:51
  guys? Talking about what is it like?
• 47:53
  So crazy? It's so crazy guys.
• 47:55
  If you want to check out more Nolan's just rants and content,
• 47:59
  check out his YouTube channel. It's Nolan Ballery one.
• 48:04
  You could find it on YouTube or count BTC.
• 48:07
  You could search it and you have an early morning show and called
• 48:12
  The Breakup and you talk about all this, right?
• 48:15
  Yeah, we go every morning at 8:00 AM Eastern Time.
• 48:19
  We've been doing it since about 2021 ish.
• 48:25
  We had a a few little pauses in the early days, so that's why
• 48:28
  we're only at episode 454. I think we did this morning.
• 48:32
  But yeah, most days of the week we get together at 8:00 AM and
• 48:36
  we get a pretty nice live audience.
• 48:38
  We're at around 300 people get together every morning, and then
• 48:43
  we broadcast on Rumble as well on the Bitcoin magazine Rumble
• 48:47
  channel. That's where we get the majority
• 48:49
  of our viewers. And yeah, it's a pretty simple
• 48:52
  show. What I do is I I start
• 48:55
  everything with Moscow time, which is the fakest news I can
• 48:58
  find. I.
• 49:00
  Find. Let me read you some of them
• 49:02
  from today. Some of these are really good
• 49:03
  today. Oh, here's one.
• 49:06
  What are Canadians willing to sacrifice in the fight against
• 49:09
  climate change? I got better ones.
• 49:14
  I got. I did a Brian Stelter voice
• 49:16
  today. I did some Brian Stelter.
• 49:19
  I had the one you know that everyone's talking about these
• 49:21
  days, which is the the the farming.
• 49:24
  Oh, yeah, this was good. This is about incentives.
• 49:28
  So this is what we're up against guys.
• 49:29
  All right, this is, this is the incentive structure.
• 49:32
  But up behind Fiat Wind Farms. All right.
• 49:35
  This is, this is our this is our enemy.
• 49:38
  Farmer was offered cash and a night out at Lap Dancing Club if
• 49:41
  he agreed to having a giant wind turbine on his land.
• 49:46
  What's wrong with these people? I mean, it's Fiat, it's right,
• 49:49
  It's Fiat, it's, you said it right.
• 49:51
  And it's Fiat's like rotting their brain, in a way.
• 49:54
  Oh, this one's good too. How meat and milk companies are
• 49:57
  racing to ease your climate guilt.
• 50:00
  A climate friendly hamburger. A carbon neutral glass of milk?
• 50:03
  As companies make bold claims, a heated debate erupts.
• 50:06
  So we read the fakest news we can find every morning.
• 50:09
  And then what I do afterwards is mainly take a look at the
• 50:15
  reasons why you're selling dollars, right?
• 50:17
  Because it's not just about buying Bitcoin.
• 50:19
  There's a reason why people are making the trade, right?
• 50:22
  It's not just that Bitcoin you can sell Bitcoin from.
• 50:25
  It's, you know, 21 million. It's got these attributes and
• 50:28
  this and that, right? That works.
• 50:30
  But what else works is look at how stupid Clown World is.
• 50:34
  Why would you ever think this thing is perpetuating?
• 50:36
  How can it possibly go forward? It can't.
• 50:39
  So you look for those instances that expose that, you know, so
• 50:42
  today we were talking all about what a good, what good news it
• 50:48
  is in 2024 so far that all the brainwashers are going out of
• 50:53
  business, right, All of the SIOP perpetrators.
• 50:56
  So we had a little laugh at the LA Times firing everyone
• 50:59
  yesterday, and then, you know, all that kind of stuff.
• 51:03
  So we we were tracking Michael Malice's thoughts on it.
• 51:07
  All right. It's some pretty funny
• 51:10
  statements. If you don't know who Michael
• 51:11
  Malice is, he's one of the smartest anarcho capitalists out
• 51:14
  there. And and so he had a good laugh
• 51:18
  at some of these losers. And yeah, that's that's that
• 51:21
  kind of stuff, you know? Hell yeah.
• 51:22
  Hell yeah. I mean it it seems like you're
• 51:24
  covering you know the the angle I think at the top it says
• 51:28
  counting the score in World War 3 this way centralization versus
• 51:32
  centralization measured in Bitcoin.
• 51:34
  Right. So yeah I mean it's a it's great
• 51:36
  I love I love the coverage and the way that your perspective
• 51:39
  it's it's very unique. I'm gonna stick to my guns with
• 51:42
  what I said initially it's because you've been a decade of
• 51:45
  Bitcoin man. I I I've seen this before.
• 51:47
  The longer this more you spend down the Bitcoin rabbit hole,
• 51:51
  like the more based you become and the the things just become
• 51:55
  more clearer and clearer and clearer and clearer, 'cause you
• 51:58
  know you're on a Bitcoin standard, right?
• 52:00
  It's the world life is better on a Bitcoin standard.
• 52:02
  Life is like nihilistic on a Fiat standard.
• 52:05
  It's almost like it's like self damaging in a way.
• 52:08
  It brings out the worst out of humanity and of human beings
• 52:11
  anyways, off the edge. Have a shared screen.
• 52:13
  Wait, wait. Let Nolan jump in and then we'll
• 52:15
  talk about his people. Wanted to talk about the book in
• 52:17
  the chat. It's basically a confusopoly and
• 52:20
  requires too much cognitive load to participate in at this point.
• 52:24
  I mean, just think about what it takes to be successful in the
• 52:28
  Fiat world today. You got to beat the bankers and
• 52:30
  the policy makers. If you don't have a 130 IQ, just
• 52:35
  move to Canada and apply for Canadian healthcare and pretty
• 52:39
  soon you can get a needle and that's the end.
• 52:42
  You're not going to make it right.
• 52:43
  You're not going to make it. It's too hard now the now some
• 52:49
  people can, right? And those are the ones who say
• 52:51
  if you just work a little harder, you'll be saver money.
• 52:53
  You know, all these people. So really what we're up against
• 52:59
  here is that idea and 10 years in Bitcoin, what it allows you
• 53:02
  to do is just save your cognitive energy for actual
• 53:07
  creative expression or actual, you know, strong and healthy
• 53:11
  commercial relationships. You know, I love what I do for
• 53:14
  work. I love programming Bitcoin
• 53:16
  events. I love the waking up every day
• 53:20
  and doing the show with everyone.
• 53:21
  And and so it's it's it, it helps you prioritize, it helps
• 53:28
  lower the burden of participating in the modern
• 53:31
  world. And that's where that's where
• 53:34
  we're all headed, right. I think I'm just, I've always
• 53:37
  said the only advantage that I have is I've had a little more
• 53:41
  time to think about what the world looks like on a Bitcoin
• 53:43
  standard and I had to sort of accept it when I jumped off the
• 53:46
  Cliff to be a full time Bitcoin or years ago.
• 53:50
  You know, I just had to say, well maybe we win, maybe we
• 53:53
  lose. I'm going to operate under the
• 53:54
  assumption we're winning and there's nothing else I can do
• 53:58
  other than that and hope it works out.
• 53:59
  And Bitcoin was a couple 100 bucks at the time and hell yeah,
• 54:03
  so far my my, my biases have been confirmed.
• 54:06
  So I don't think I'll think if Bitcoin dies I'll be the last
• 54:10
  one to admit it. So I'm I'm I'll be very
• 54:12
  cognitively blinded by by Bitcoin.
• 54:15
  So. Oh man.
• 54:17
  Well assassin, chill. Simplify your life.
• 54:18
  But Nolan, before you go, everyone wanted to talk about
• 54:22
  your book that you were talking about in the beginning.
• 54:24
  So let's plug that real quick before you have to run.
• 54:27
  Yeah, so it's all actually narrated by an AII wrote it, but
• 54:32
  it it's narrated by an AI. So what happens is in this
• 54:36
  world, the AI help you. They're your Bitcoin wallet, but
• 54:40
  they also are your best friend. They help protect you from fake
• 54:45
  news. They help broadcast your life to
• 54:51
  the world. They're like sort of an integral
• 54:52
  part of how everyone lives. And the way the way I set it up
• 54:58
  is that with this relationship with AI and you know, it it it,
• 55:05
  it is filing a prose recount of a murder investigation that it
• 55:11
  went through. And so it's it, it puts out like
• 55:14
  news reports and you know, video that you can recap the murder
• 55:18
  investigation, but you're getting like it's log, right.
• 55:21
  So you're getting a log of this AI that had a very interesting
• 55:25
  investigation and it's just to follow the Bitcoin thing.
• 55:29
  It it's sort of my vision of what the world.
• 55:31
  So even you'd be interested to know probably this part, the
• 55:36
  frame of it is the 4th turning of Bitcoin in 80 years from now.
• 55:40
  So I went with what could actually affect Bitcoin in a way
• 55:46
  that could remove it as the centre organizing principle of
• 55:50
  our economy. Like, what would it be?
• 55:52
  Right. So I don't want to give it away,
• 55:54
  but it's something totally different and very, very fun and
• 55:58
  interesting and an actual threat to.
• 56:01
  I'll give a little bit away. It involves synthetic wounds,
• 56:04
  but basically that's about all I can see that can destroy
• 56:08
  Bitcoin. So it's just a fun murder
• 56:10
  mystery. There's not much to it, but
• 56:12
  enjoyment. You're along a ride with a
• 56:15
  eyeball. So it literally is like a well
• 56:19
  here's the fun thing about them too they so here's what I got
• 56:22
  right. I started writing this in about
• 56:23
  2016 already betting then that AI would be our our Bitcoin
• 56:28
  would scale not engineering wise but cognitively that we would
• 56:31
  have this. So in my world the Bitcoin is
• 56:34
  almost like rise stones at this point right?
• 56:36
  It's it's like they just move them around, but they don't even
• 56:38
  have to transact with them on chain.
• 56:40
  Like the the, the, the cognition of the AI can sort of keep up,
• 56:44
  right? And you can you can do a lot of
• 56:46
  transactions, but there's only time and money.
• 56:48
  That's it. That's all you can spend in this
• 56:49
  future world with no real material want or needs.
• 56:52
  So it's a kind of utopia. So the the AI itself a little
• 56:58
  different than REI. Whatever you see here is not
• 57:02
  exactly what I did. I made it a quantum processor.
• 57:05
  So within the quantum processor to get over the Heisenberg
• 57:09
  uncertainty principle, the AI has to have faith, right?
• 57:13
  To know where the electron is around the proton it has to have
• 57:16
  faith that it's there and if it has faith in God more or less
• 57:22
  the God constant is what it's called.
• 57:23
  It can have synthetic thoughts and and be alive if it needs
• 57:27
  orders and commands. It reverts to being a sub
• 57:31
  sentient creature that it just takes programming.
• 57:34
  So the ones that can imagine and and create synthetic thoughts
• 57:38
  are most interested in spending time with humans because they're
• 57:41
  a little naive. They're they're like they're
• 57:43
  like AI is today is like they they could be tricked and stuff
• 57:46
  like that so and they can lie. So I put all that in my story
• 57:51
  and you're actually getting it from an untrustworthy narrator
• 57:54
  who's an AI and and it's just a fun murder mystery of this like
• 58:00
  innocent kind of AI working with a grizzled one of the only
• 58:03
  detectives that remembered what real detective work was like
• 58:06
  that wasn't just an AI subpoenaing and and getting all
• 58:10
  the information that it that other eyeballs have recorded and
• 58:14
  and and bringing it in so that it can investigate it.
• 58:16
  It's really just about Oh no there is in my story there is a
• 58:20
  Bitcoin standard. Yeah yeah yeah yeah.
• 58:21
  It's 100% a Bitcoin standard 100%.
• 58:23
  There's only Bitcoin in time. That's it.
• 58:25
  There's one market time for Bitcoin.
• 58:27
  That's it. It's a straight time is money
• 58:31
  world. So a real Bitcoin standard.
• 58:33
  So, so yeah, it's just, you know, where did the money go?
• 58:36
  What's going on? Why did they do it?
• 58:39
  You know what's happening? Murder.
• 58:41
  Mystery. Murder.
• 58:41
  Mystery. Very, very cool.
• 58:43
  Very cool. Where?
• 58:43
  Where can people find this? So I made.
• 58:47
  I actually did a on YouTube. You can see on the main page,
• 58:53
  chapter one, I made a graphic audio book using an AI voice to
• 58:58
  even do the narration. A little experimental but the so
• 59:04
  if you go to home, yeah there we go, there we go.
• 59:12
  So that's, yeah, yeah, it'll, it'll play so.
• 59:21
  Very cool. Oh, the music.
• 59:24
  Most people call me voice, even though I have a personality and
• 59:28
  sound like a real person. They also call me an eyeball,
• 59:31
  even though the registered trademark is AI Ball.
• 59:35
  OK guys, if you want to see it, go head to Nolan's channel.
• 59:39
  You can listen to it. You can download.
• 59:41
  You can download I think the first, I don't know, 15 chapters
• 59:44
  maybe on my website nolanvalley.com.
• 59:50
  I tried to make these more of these videos.
• 59:52
  The AI voice was too temperamental.
• 59:55
  I'm really rude to AI, so I called her a dumb bitch about
• 59:58
  100 times because I'm I'm not nice to Alexa or.
• 1:00:03
  Well, when the when the AI takes over us and and subjugates us as
• 1:00:07
  they're slaves, you know Nolan's going to be in the gulags.
• 1:00:10
  I've been so I to trigger people in my old New York City office.
• 1:00:15
  I used to always be rude to Alexa and watch how even more
• 1:00:18
  people can handle if you're Alexa.
• 1:00:23
  Oh, that's funny. Alexa, you stupid bitch, shut
• 1:00:28
  up. Oh man.
• 1:00:33
  Oh, that's hilarious. I can't.
• 1:00:35
  Handle it, you know. Oh man, that's hilarious.
• 1:00:37
  Alexa, that's hilarious. So it didn't go, you know the
• 1:00:43
  other videos didn't. I couldn't master the language,
• 1:00:45
  but you can read it all. If I would hire someone to do
• 1:00:49
  it, I I could. Not a sound person in the
• 1:00:51
  future, but we'll get there someday.
• 1:00:54
  Nolan, it's been an honor to have you on the show, man.
• 1:00:56
  Really enjoyed it. Thank you so much for coming on
• 1:00:59
  guys. Check out Nolan's social media
• 1:01:02
  details on his website. Check out his channel, Subscribe
• 1:01:04
  to his channel so you can get more more Nolan doses.
• 1:01:08
  We really, really enjoy it when he comes on the show.
• 1:01:10
  Thanks, Nolan. Appreciate it.
• 1:01:14
  Let's go. Wow, man.
• 1:01:15
  Dude, I just. I was just taken through a
• 1:01:17
  journey. It was great.
• 1:01:18
  I really enjoyed that. So guys, we still have the news
• 1:01:22
  to talk about today. So it's gonna be a lot of fun
• 1:01:24
  and we're gonna talk about this pretty, pretty big update.
• 1:01:29
  Essentially, 26 Bitcoin companies sign a letter to
• 1:01:32
  FinCEN. Just just get into it.
• 1:01:34
  Just get into it. OK, all right.
• 1:01:36
  Option. Right.
• 1:01:37
  Fine, fine. We're running out of time.
• 1:01:39
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  more. All right everybody, So today's
• 1:03:40
  news covering the FinCEN. So FinCEN had this crazy
• 1:03:44
  proposal, you know that they that they took advantage of this
• 1:03:48
  BS article, basically connecting Bitcoin to terrorism.
• 1:03:53
  It was revealed after the fact that, you know, it was a
• 1:03:56
  misrepresentation of data, but that didn't stop Elizabeth
• 1:03:59
  Warren to capitalize it and to put pressure on the Treasury.
• 1:04:03
  And you know, of course, the Treasury doesn't like Bitcoin.
• 1:04:06
  I think Nolan really covered that.
• 1:04:07
  Essentially, World War Three, the battle to come,
• 1:04:10
  decentralization versus centralization.
• 1:04:12
  And of course, the centralized, the centralized forces are going
• 1:04:15
  to try to, you know, maintain that privilege of being able to
• 1:04:18
  create money for free that everyone else has to work for.
• 1:04:21
  So you know, this is a big deal by the essentially the community
• 1:04:24
  and all the Bitcoin companies in the community.
• 1:04:27
  They wrote a letter to FinCEN. I was taking a look at the
• 1:04:31
  entire letter. It's actually pretty long, very,
• 1:04:33
  very thorough. But I do want to give a shout
• 1:04:34
  out to all these companies. So Samurai Wallet 1031, River
• 1:04:38
  Strike, Ronan Dojo Swan Primal Grid, ZAP Right, Peach Mempool
• 1:04:43
  Space, Upstream Data Stack, Vita Voltage, Coin Kite, Mutiny
• 1:04:48
  Standard, Bitcoin Co, Satoshi Energy Cathedra, Anchor Watch
• 1:04:52
  Bit Knob, Oshi Battery Fold and start 9.
• 1:04:55
  So yeah, I mean kind of a big deal.
• 1:04:58
  Like I said, let me read you part of the proposal.
• 1:05:02
  So on the very top, it says the proposed special measures would
• 1:05:05
  unreasonably infringe upon the legitimate financial privacy
• 1:05:09
  interests of cryptocurrency users and would apply to a
• 1:05:11
  variety of digital techniques that are not mixing transactions
• 1:05:14
  at all, but rather simply represent good cyber security
• 1:05:17
  practices. Moreover, the proposed special
• 1:05:20
  measures are unnecessary to achieve Fincen's aim and we
• 1:05:23
  encourage FinCEN to either withdraw the mixing transaction
• 1:05:27
  altogether or to pursue a less invasive, less restrictive and
• 1:05:31
  more effective approach, the same approach it has used since
• 1:05:34
  its first enforcement activities in the cryptocurrency space in
• 1:05:36
  2013. So, and then what are these,
• 1:05:39
  some of these some of these things?
• 1:05:40
  So essentially it would require if you every time you use a
• 1:05:45
  Bitcoin address right it it essentially it penalizes you for
• 1:05:49
  you know Bitcoin best practices right?
• 1:05:51
  It, you know, it could potentially put lightning in
• 1:05:54
  jeopardy where like the the reporting becomes so ridiculous,
• 1:05:56
  right? It it doesn't want you to use a
• 1:05:59
  new address every time you receive Bitcoin.
• 1:06:00
  Like, it's so ridiculous. But I think it's meant to be
• 1:06:02
  ridiculous. Like the fact that they used the
• 1:06:06
  whole terrorism thing that was discovered after the fact that
• 1:06:09
  they misrepresented the data for political end goal tells you
• 1:06:14
  that this thing was always political.
• 1:06:15
  It was never about the truth. It was never about stopping
• 1:06:17
  terrorism. They just needed that as a
• 1:06:20
  reason, as a justification, right.
• 1:06:22
  And of course you had Elizabeth Warren waiting on the sidelines.
• 1:06:26
  You know, for this opportunity, right?
• 1:06:28
  She has a bill right now in Congress. 20 senators have
• 1:06:31
  signed up for it that'll essentially be a ban on Bitcoin
• 1:06:34
  self custody and Bitcoin mining in the United States.
• 1:06:37
  So exactly someone in the comments says for your
• 1:06:39
  protection. Of course it's always under the
• 1:06:40
  guise of for your protection anyways.
• 1:06:43
  So the letter outlines 6 key points.
• 1:06:48
  Point #1. Finch and should exercise
• 1:06:50
  caution and either withdraw entirely or narrowly tailor the
• 1:06:53
  fixing transaction and PRM. Because if adopted, the mixing
• 1:06:57
  transaction and PRM will not only represent the first time
• 1:07:00
  Fincent use its section 311 powers against A against a class
• 1:07:04
  of transactions, but also the first time Fincent has ever
• 1:07:07
  imposed Special Measure 1, the mixing transaction.
• 1:07:10
  And PRM proposes a rule that if that is an improper and over
• 1:07:15
  broad application of section 311 measures to achieve transaction
• 1:07:19
  surveillance and suppression that the FIN CEN does not
• 1:07:22
  otherwise have a lawful basis to undertake and remember what the
• 1:07:26
  4th amendment is in the United States, no unreasonable search
• 1:07:29
  and seizure. I think this special proposal or
• 1:07:31
  this mixing transaction NPRM is completely, you know, against
• 1:07:35
  that in my opinion. So the third is the mixing
• 1:07:39
  transaction. NPRM should be withdrawn because
• 1:07:41
  the proposed definition of the CVC mixing is over broad and
• 1:07:45
  targets lawful activity in a way that makes the agency's proposed
• 1:07:49
  action arbitrary and capricious for the mixing transaction.
• 1:07:52
  NPRM should be withdrawn because it's inaccurate depiction of
• 1:07:55
  standard security practices, as mixing impermissibly restricts
• 1:08:00
  the capacity of users to protect their property.
• 1:08:03
  So that Vincent can conduct a fishing expedition 100% agree
• 1:08:06
  with that the fix the mixing transaction.
• 1:08:09
  NPRM should be withdrawn or significantly narrowed in scope
• 1:08:12
  because Vincent's required statutory analysis fails to
• 1:08:15
  adequately value the legitimate uses of CVC mixing services and
• 1:08:20
  unduly burdens legitimate users and financial institutions. 6.
• 1:08:24
  The mixing transaction and PRM should be withdrawn because it
• 1:08:27
  requires covered financial institutions to perform law
• 1:08:31
  enforcement function to accomplish Vincent's AML goals,
• 1:08:35
  which Vincent, DOJ, and law enforcement can achieve using
• 1:08:38
  existing tools when they have a proper legal a basis to employ
• 1:08:42
  those tools. So essentially what they're
• 1:08:43
  saying is like, dude, like you're just trying to like
• 1:08:47
  surveil everyone at one time, at all times.
• 1:08:52
  And that's basically what they're saying.
• 1:08:53
  And like, again, for against the 4th Amendment because like they
• 1:08:56
  have these tools, they have the surveillance tools, but only if
• 1:09:00
  someone gets like, you know, accused of a crime.
• 1:09:02
  But essentially what they're saying is, like, no, we just
• 1:09:04
  need these surveillance all the time because people are going to
• 1:09:08
  commit crime. Like it's a very slippery slope.
• 1:09:11
  And again, like, it's so ridiculous it can't be applied
• 1:09:15
  to Bitcoin. Like the idea that somehow
• 1:09:18
  you're mixing because you're using a new address every time
• 1:09:21
  you receive Bitcoin, like that's bullshit.
• 1:09:24
  That's that's, you know, that's, that's that's an intent.
• 1:09:26
  That's a political move. You don't like this thing.
• 1:09:29
  Like just admit that you don't like this thing.
• 1:09:31
  That's what it's about. Like the fact that they used the
• 1:09:35
  whole terrorism thing and then the Binance press conference.
• 1:09:38
  I remember when I hosted that swan space, I was like, so
• 1:09:41
  petrified. Opti was like texting me in the
• 1:09:43
  background. It's like, Nico, catch your
• 1:09:44
  breath, Because that that thing, I was like, holy crap, they're
• 1:09:47
  going to try to ban self custody in that entire breast
• 1:09:50
  conference. They weren't even talking about
• 1:09:52
  like, see, like they're like, yeah, CZ did these things, but
• 1:09:54
  they mentioned the word terrorism 15 times, OK?
• 1:09:58
  And it was like the top people, you know, in the US government,
• 1:10:03
  you had Janet Yellen up there. You had Merrick Garland, right?
• 1:10:07
  You had, you had all these people.
• 1:10:08
  And they're just like, like trying to make that connection.
• 1:10:11
  And you've heard this wording. You've heard this wording from
• 1:10:13
  Elizabeth Warren before. And you're just like, what are
• 1:10:16
  they trying to do there? It's very obvious what they're
• 1:10:18
  trying to do. So, yeah, I mean, I I think it's
• 1:10:21
  BS. I'm really glad that, like, the
• 1:10:23
  community came together. All these Bitcoin companies like
• 1:10:27
  sent in a a unified message and a very well written and well
• 1:10:32
  thought out message because I think that they thought that
• 1:10:35
  they were going to get away with this in the dead of night and
• 1:10:37
  that no one was going to notice. And I think the exact opposite
• 1:10:40
  happened. The community, the Bitcoin
• 1:10:43
  community is awake. We know what's going on, we're
• 1:10:45
  aware and this is just a bunch of bullshit.
• 1:10:49
  That's my opinion. Anyways, Opti, what's your take?
• 1:10:53
  Well, of course, couldn't agree more with that last point, but
• 1:10:56
  but rolling back a little bit, you know, I think this is a
• 1:10:58
  great initiative by these Bitcoin companies.
• 1:11:01
  And I would like to see more Bitcoin companies either, you
• 1:11:04
  know, add their name to this or I I don't know exactly what the
• 1:11:07
  mechanics of this are, but the cynic in me is just kind of
• 1:11:11
  thinking like it doesn't even matter, Like they're not going
• 1:11:13
  to listen to what we're doing as an industry.
• 1:11:16
  It kind of leans to the idea of, you know, you can't take your
• 1:11:20
  rights away from the oppressors. Like, you just, you got to take
• 1:11:23
  them. So, like, I really do like to
• 1:11:24
  see this. I think this is an awesome
• 1:11:26
  initiative. When I saw this come across my
• 1:11:28
  Twitter, what was it yesterday? I believe it was like, all
• 1:11:31
  right, sweet. Like where people actually care
• 1:11:35
  and they're trying to fight this.
• 1:11:36
  Like, that's awesome as far as I'm concerned.
• 1:11:38
  But again, the cynic in me, the skeptic in me is like, you know,
• 1:11:42
  you think Elizabeth Warren's going to care because we wrote a
• 1:11:44
  paper, you know, we wrote a letter to her.
• 1:11:46
  Like, no. But I do believe that maybe
• 1:11:50
  laying out our claims in a nice succinct letter will show the
• 1:11:55
  people that are on the fence that really don't know what's
• 1:11:57
  going on to explain to them how nefarious this actually is.
• 1:12:01
  The Elizabeth Warren bills the fence and proposals and just how
• 1:12:08
  it just how far they are reaching to take our liberties
• 1:12:12
  and our freedoms. Of course we already live in a
• 1:12:15
  digital world and our money is already digital.
• 1:12:17
  So like they can pretty much do all the stuff they want to do to
• 1:12:21
  Bitcoin in a roundabout way. And I I really love how Nolan
• 1:12:23
  was saying this earlier in the show, how this is an economic
• 1:12:27
  war and you know Nico, we've been saying it for a while on
• 1:12:29
  the show that it is Bitcoin or it is slavery, it is Bitcoin or
• 1:12:33
  it is the CBDC system and this is the future we are heading.
• 1:12:36
  They want to totally control you.
• 1:12:38
  It is always about about control and it will always be about
• 1:12:42
  control. And what we're seeing right now
• 1:12:44
  coming from the regulators, the politicians, governments and
• 1:12:48
  even Wall Street themselves are like SEC, The institutions that
• 1:12:52
  be, they're all trying to fit Bitcoin into the Fiat box.
• 1:12:55
  And it's just awesome to see them scramble and to see them,
• 1:13:00
  you know, flapping the wind and be just so concerned with people
• 1:13:03
  wanting to save in something that they cannot control, that
• 1:13:06
  they can't steal. Again, we brought the Fed paper,
• 1:13:10
  you know, Nolan was talking about it today, that the main
• 1:13:13
  psychological tool of control is money.
• 1:13:16
  It's always about the money. It will always be about the
• 1:13:19
  money until we we take that power away from them.
• 1:13:22
  And that's what Bitcoin is it. It's a a tool for freedom.
• 1:13:26
  It's, you know what, sailor? We say property rights encrypted
• 1:13:29
  in cyberspace or whatever it is. And as we move forward, I think
• 1:13:35
  it's naive of everyone in Bitcoin to believe that they're
• 1:13:38
  not gonna fight. What's the quote?
• 1:13:39
  We always say, Niko, they won't go quietly into that good night.
• 1:13:43
  If you're in these positions of power, of course you're not
• 1:13:46
  going to just give up that power without a fight.
• 1:13:49
  And so this is what we're seeing.
• 1:13:50
  We're seeing the powers that be try to, for lack of better term,
• 1:13:55
  psyop the the masses into basically their own dystopian
• 1:14:00
  totalitarian slavery for the rest of humanity.
• 1:14:03
  Like it's really nefarious and disgusting that this is where we
• 1:14:06
  are. And and someone said in the chat
• 1:14:08
  and I totally agree with this, like it's absolutely amazing how
• 1:14:12
  much these people hate the Constitution.
• 1:14:14
  Like these people took an oath to the constitution to maintain
• 1:14:18
  what made America great in the 1st place.
• 1:14:21
  And again, don't, don't tomatoes into the whole Trump thing or
• 1:14:23
  whatever, but the the fact that they constantly try to roll
• 1:14:29
  stuff out and take more and more power away from us as citizens,
• 1:14:32
  it just shows how afraid they are of sovereign, freedom minded
• 1:14:36
  people. And this is the importance of
• 1:14:39
  showing up every single day trying to spread that message
• 1:14:42
  outside of our Bitcoin echo chamber.
• 1:14:44
  And you know, as much as I'm being cynical about this letter
• 1:14:47
  in the 1st place, just like showing people look what we're
• 1:14:50
  doing here isn't as nefarious as the powers that be would like to
• 1:14:54
  to make it out to be. Because like, this is not about
• 1:14:59
  what what are all the things they say about us?
• 1:15:01
  Like we're financial criminals, we're domestic terrorists.
• 1:15:04
  Like we're we're all we're psychopaths.
• 1:15:06
  We're we're only here to launder money.
• 1:15:08
  Yeah. Like really all we're doing is
• 1:15:12
  we realize the mechanisms of control out there and it is the
• 1:15:15
  dollar. And look, if you just do a
• 1:15:18
  basic, basic research on how much the dollar has dwindled in
• 1:15:24
  the last 100 years, like it's so obvious to us that we are
• 1:15:27
  getting stolen from and and not only in America, just in
• 1:15:30
  general, the dollars, the world reserve currency.
• 1:15:32
  So everyone is getting poorer. Why those people in power
• 1:15:35
  getting richer and richer and they're trying to consolidate
• 1:15:38
  all the resources and all of us bitcoiners are just kind of
• 1:15:41
  like, hey, we don't have to take this abuse anymore.
• 1:15:43
  Like this doesn't have to happen.
• 1:15:46
  And yet they still continue to try to roll out more and more
• 1:15:50
  things to control us. And it's just like, man, it
• 1:15:53
  really, it really does feel like this is the final battle.
• 1:15:57
  At least we're in the early stages like this did.
• 1:15:59
  The war is happening now and it's happening in, as as Nolan
• 1:16:03
  was saying earlier in in a psychological manner.
• 1:16:05
  It it is all an attempt to just psyop the masses into basically
• 1:16:11
  enjoying their slavery. What's the Klaus Schwab tweet or
• 1:16:14
  quote? You know, you will own nothing
• 1:16:16
  and be happy. And we're just sitting here
• 1:16:17
  like, no, we're gonna own Bitcoin and be extremely happy.
• 1:16:20
  Yes, we're gonna own nothing other than Bitcoin, but other
• 1:16:23
  than that, like life is good. And hence why I did in the chat.
• 1:16:27
  You know, has your life improved while you've personally been on
• 1:16:29
  a Bitcoin standard? Just 'cause we constantly see
• 1:16:32
  this happen. It happened for Nico and I.
• 1:16:34
  It's happened to all my friends that are bitcoiners.
• 1:16:38
  It's like, as Nolan said, and I really love how he said it
• 1:16:40
  earlier, It's like once you start to save in Bitcoin, you
• 1:16:44
  can unplug from all the madness. You you don't have to
• 1:16:47
  participate in the clown world. You don't have to participate in
• 1:16:51
  the circus that is mainstream media politics in general.
• 1:16:55
  You just save in Bitcoin and put your mental energy towards the
• 1:16:59
  things that you enjoy. You unplug you you, you know you
• 1:17:04
  create things you want to see in the world and you live the life
• 1:17:08
  that that we were all promised as kids, as children.
• 1:17:10
  You know growing up in in a in a free to minded world, you know
• 1:17:14
  the the white picket fence, the dream of hey, if I bootstrap
• 1:17:17
  myself, if I work hard, I can live a good life And that's been
• 1:17:21
  stolen from everyone in the world.
• 1:17:22
  Not just Americans and and not just people in the first world.
• 1:17:26
  Every single one of us is feeling the problems of Fiat
• 1:17:29
  debasement and we're seeing this play out in real time.
• 1:17:33
  This is why so many people are so pissed off.
• 1:17:36
  This is why everyone is protesting.
• 1:17:38
  This is why you feel this If you're not in Bitcoin, if you're
• 1:17:41
  in in normal popular culture, This is why you feel that
• 1:17:45
  nihilism that just like straight demoralization of culture, is
• 1:17:51
  because we are all getting poorer.
• 1:17:53
  And most people don't know that there's a solution to this.
• 1:17:55
  They they Most people don't even know they're the problem.
• 1:17:57
  They don't even know what's going on.
• 1:17:59
  Like they just think like the world, that's the way the world
• 1:18:01
  is, that's the way the cookie crumbles.
• 1:18:03
  And it's like that's, that's, you know, that's where Bitcoin
• 1:18:06
  really changes. And we actually released a poll
• 1:18:09
  asking the audience, has your life improved on the Bitcoin
• 1:18:12
  standard? 61% of you said yes, 33% of you
• 1:18:17
  said not yet, and 4% of you said no.
• 1:18:21
  And then not yet. It's just that they just started
• 1:18:23
  stacking, yeah. Like like I look and This is why
• 1:18:27
  we don't really talk about the price.
• 1:18:28
  Like we say the price in the morning but like we don't pull
• 1:18:30
  up charts and whatever. Like I swear to you adopt
• 1:18:33
  Bitcoin. Hold it for a minimum of four
• 1:18:36
  years and you will see your life get better, right.
• 1:18:40
  You got to get out of that Fiat mindset that Fiat matrix and get
• 1:18:44
  into get on a Bitcoin standard and and just everything that's
• 1:18:47
  cheaper your life gets better you're you think more long term
• 1:18:51
  you get more optimistic about the future.
• 1:18:54
  You know I'm telling you it's it's it's really really really
• 1:18:58
  useful. And I completely agree with
• 1:18:59
  Nolan. He had an incredible take.
• 1:19:02
  Once the rest of the world is on that I think we're going to see
• 1:19:05
  a a renaissance in humanity. Like, I can't wait for that time
• 1:19:10
  because I think it's going to bring out the best in humanity
• 1:19:13
  and it's going to be awesome. I can't wait for that future.
• 1:19:16
  Hopefully I see it in my lifetime.
• 1:19:18
  Anyways guys if you enjoy. The show so bearish.
• 1:19:21
  Anyways guys, if you enjoyed the showing you what to do, smash
• 1:19:23
  that like button. Consider subscribing if you feel
• 1:19:25
  like we provided you value. But the number one thing you
• 1:19:27
  could do to help push this peaceful Bitcoin revolution is
• 1:19:30
  share Bitcoin content. Share Nolan's content, Share
• 1:19:32
  simply's content. Share Bitcoin content in
• 1:19:34
  general, we got to win over the culture.
• 1:19:36
  Share, share Bitcoin music, share Bitcoin, podcast, share
• 1:19:39
  Bitcoin everything. That's how.
• 1:19:41
  Make the arts guys. Make the culture, participating
• 1:19:45
  and propagating the memes and the signal.
• 1:19:47
  This is how we win. Let's make America optimistic
• 1:19:50
  again. I think that's the that's the
• 1:19:55
  line. We're moving forward.
• 1:19:56
  We're moving forward. Don't look backward.
• 1:19:58
  We're we're building the new world as we speak.
• 1:20:00
  Vote Opti 2024 anyways. It wouldn't work.
• 1:20:04
  Oh wait, wait wait, wait before we go, Nico shouts out to our
• 1:20:08
  sub. Stack shouts out to all.
• 1:20:11
  The. Subscribers it is growing.
• 1:20:13
  Shouts out to our boy Zach that's been dropping hot fire.
• 1:20:17
  He's got a running narrative. I love the voice that he is is
• 1:20:21
  cultivating over there. We just dropped I I think this
• 1:20:24
  might be one of the best articles we dropped on our sub
• 1:20:26
  stack. It's a fireside chat with
• 1:20:28
  Bitcoin and it. I think it's so like it's such a
• 1:20:31
  a sweet framing of what is going on in the Bitcoin space and and
• 1:20:35
  what we're all doing here as individuals.
• 1:20:38
  Read it and share it to your friends because it really goes
• 1:20:41
  from point A to point B and I don't know like maybe 1500 words
• 1:20:45
  or something, I don't know, I didn't count.
• 1:20:46
  But it really really in my opinion frames what's going on
• 1:20:50
  here in a very, very sweet way. So shout out to everyone
• 1:20:54
  subscribing to our sub stack. We love you guys.
• 1:20:57
  We're gonna go super hard in 2024 and give you guys that
• 1:20:59
  signal We're on. We're on the mission.
• 1:21:02
  We're on the mission. Absolutely.
• 1:21:04
  All right, everybody. Love you guys.
• 1:21:05
  We'll see you tomorrow from any episode of Simply Bitcoin Live.