Latest / Simply Bitcoin / $49T Bank Confirms Billionaires $5M Bitcoin Prediction | EP 1086

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$49T Bank Confirms Billionaires $5M Bitcoin Prediction | EP 1086 · Simply Bitcoin

• 0:00
  Simply Bitcoin. The bank BNY Mellon that has
• 0:02
  49.5 trillion assets under custody, finally got the
• 0:08
  approval we've all been waiting for.
• 0:10
  Michael Saylor made this shocking prediction back in 2022
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  on a Twitter Spaces, claiming we needed three things for
• 0:17
  $5,000,000 Bitcoin. And of course, the news coming
• 0:21
  out of BNY Mellon has a crucial element into that.
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  I'm going to play you guys the clip of Saylor saying just that,
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  speculating about what are the three things that needed to
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  happen, the catalyst that needed to happen in order for Bitcoin
• 0:34
  to hit $5,000,000. And one of those things, the
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  final thing that needed to happen just happened.
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  I'll play you guys the clip and of course bring up my Co host
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  and our guest for today while we watch it and then we'll discuss
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  it. Look, first of all, it's going
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  up by a factor of 10 whether they fix any of the stuff,
• 0:51
  right? It's going to go a lot.
• 0:52
  It's going to be a grind up by a factor of 10 just because gold
• 0:56
  is broken and the coins going to replace gold.
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  And now everybody in the universe knows they need a non
• 1:01
  sovereign store of value in the form of a bearer instrument.
• 1:04
  So now they're looking the amount of stories for last year.
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  People said inflation may be coming.
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  We're not sure. Now the mainstream narrative is
• 1:12
  flipped to inflation is here, you need inflation hedge.
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  So it's going to grind up to replace gold, it'll go to
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  $500,000 a coin regardless of whether they fix these things.
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  But there are three things that are massive catalysts that cause
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  an acceleration. And I, I don't think that those
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  three things don't take us to 500,000, They take us to 5
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  million a coin, right? Those three things are a spot
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  ETF where someone can go ahead and buy $100 million of Bitcoin
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  by a security, an ETF security. I think that's 1/2 is your bank
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  is going to custody it for you and lend against it.
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  And three is I can mark it up or mark it down on my balance sheet
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  based on fair value para pursue. It'll be para pursue to the way
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  I'd handle Apple stock or at least that good.
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  If it's if you have property with fair value accounting by
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  the way, it becomes para pursue to the way you'd handle treasury
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  bonds on it. All right, so he said those
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  three things. What are those three things?
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  Let's get to them. First was the approval of the
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  spot Bitcoin ETF, which was approved, of course of Jan in
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  January of this year, the change in the Fazbee accounting rules.
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  Michael Seeler was talking about something called para pursue
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  that just means equal to right. So the way that the accounting
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  rules were before, they didn't properly reflect the asset on
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  the balance sheet on the upside and the downside.
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  So essentially you were punished not so much because of holding
• 2:45
  Bitcoin, but you were punished on in the accounting on on
• 2:49
  accounting terms if you were holding Bitcoin, which could
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  have, which could have been a de incentive for companies to put
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  it onto its balance sheet, which is why Michael Saylor said it
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  was one of the three things that was required.
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  And then the thing that I want to talk about today, which was
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  the breaking news, which is what we started talking about last
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  week when we heard rumblings of this, but it finally got
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  approved. BNY approved by SCC for crypto
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  custody beyond ETFs. That's right, ladies, gentlemen,
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  the three things that Michael Saylor said needed to happen in
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  order for Bitcoin to hit $5,000,000 per coin.
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  Those three things have happened.
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  The ETF approval, the change in accounting rules, and the
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  ability for banks to custody not the ETFs, but custody Bitcoin.
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  Here's more details on the matter.
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  The structure B&Y is using to offer custody services for
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  digital so assets could be used beyond the Bitcoin and ether
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  exchange traded funds that the bank is considering, according
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  to SEC Commission Chair Gary Gensler.
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  Earlier this week, the bank acknowledged that it has
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  presented a plan to the SE CS Office of Chief Accountant to
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  custody those two assets in a way that would protect customer
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  fund in the event in the event of bank insolvency.
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  The agency provided BNY with a non objection to the plan, a
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  regulatory term that gives comfort to the bank that its
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  structure won't fall afoul of the agency's requirements that
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  banks reflect the value of digital assets they custody on
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  their balance sheet. BNY previously told Bloomberg
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  News that the SCC's non objection was specific to the
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  ETF use case quote, though the actual consultation related to
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  crypto assets, The structure itself was not dependent on what
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  the crypto was, Genser told Bloomberg News on Thursday after
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  he delivered a speech at the Federal Reserve Bank of New
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  York's annual Treasury Market Conference.
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  It didn't matter what the crypto was.
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  The Bitcoin and ETH investment products are the only crypto
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  related ETFs approved so far by US regulators.
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  ABNY spokesperson didn't immediately respond to request
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  for comment. BN YS proposed structure
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  includes the use of individual crypto wallets, each of which
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  would have a separate bank account and would be prohibited
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  from being commingled with bank assets, Ganzer said.
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  It's up to the bank to decide whether to expand the pool of
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  digital asset use cases. It's comfortable custody.
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  Gensler credited BNY for doing the legwork on how to make sure
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  customer assets would remain theirs and that they wouldn't be
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  shutted to the bank to the back of the line in the event of a
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  bankruptcy. Thousands of crypto traders have
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  found themselves in that position as a result of the blow
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  UPS in recent years of Celsius Network, FTX, Voyager Digital
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  and other digital assets. Quote, this bank and any other
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  bank, if they came in with the same structure, would get the
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  same non object. That part is huge.
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  This part right here. Because they're basically
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  admitting that the way that BNY set it up if any other bank
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  wanted to follow suit, the SEC wouldn't give push back.
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  So this is incredibly bullish. These are the three things that
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  Michael Michael Saylor said needed to happen.
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  Those three things have happened again, quick, quick reminder,
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  the approval of the spot Bitcoin ETF, the change of fasby
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  accounting rules and of course the ability for large banks in
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  the United States, the ability for them to custody Bitcoin.
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  Now I know what you guys are thinking.
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  Why would if the SEC has been so hostile towards the industry as
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  a whole, why would they just change tune all of a sudden?
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  We'll use a little bit of critical thinking.
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  Think about what your money in a bank is.
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  It's a two of three multi sig of which you have one key, the bank
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  has another key, and the state has another key.
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  So they're actually incentivized for you to leave your Bitcoin,
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  your assets, custodied with the bank because that doesn't change
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  the status quo. What changes the status quo is
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  of course is individuals taking back their financial sovereignty
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  through self custody. So I find this absolutely
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  fascinating, really interesting. These are the three things that
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  Sailor said needed to happen in order for Bitcoin not to hit
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  500,000, but $5,000,000 per coin.
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  Let us know. Let us know what you what you
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  think in the comments. I think it's pretty bullish news
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  in in in from my perspective and for that reason is simple.
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  I think most traditional financial institutions wouldn't
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  feel comfortable taking self custody.
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  We're not there yet. We're not at that point where
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  self custody is, is the norm with Tradfi, right?
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  They trust custodians because that's how Tradfi has worked for
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  like the longest time. I mean, since really since it's,
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  it's, it's inception, you could say.
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  So, you know, there's only a couple companies like Fidelity
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  and Jack Dorsey's Block that have taken it upon themselves to
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  take self custody, to learn how to do it, to apply self custody
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  to their companies. But the rest of the financial
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  institutions, 8 out of the 9 ETFs actually have their Bitcoin
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  custody with Coinbase. MicroStrategy actually has it's
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  Bitcoin custody with Coinbase. So it's bullish from a price
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  perspective, but from a revolutionary perspective, you
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  have to keep your eye on the ball and the eye on the ball is
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  more individuals, more nation States and more companies taking
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  back their financial sovereignty and taking self custody of their
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  digital assets. That's my take on all this.
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  I mean, very bullish Monday, bro.
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  Holy crap, Opti, I mean 180 from Gary Genser in this, you know,
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  but at the same time, like it's what I said, like a bank account
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  is really a two of three multi sig.
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  The state holds one key, the bank holds another key and you
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  hold one key. So you know, it's it's
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  convenient for them for people not to take self custody of the
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  digital assets. It's convenient for them to
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  actually, like, outsource that personal responsibility once
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  again to the banks. Yeah, 100%.
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  I mean, obviously in regards to what Saylor was saying, that's
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  really going to take Bitcoin to the next level, is Bitcoin for
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  lack of better terms, maturing and being legitimized by the
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  Fiat system. Obviously, Bitcoin doesn't need
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  their legitimacy, but them embracing or rather as we like
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  to say, them bending the need to Bitcoin is how we win.
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  I fundamentally believe that the institution, the nation States
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  and all the governments of the world will have to embrace
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  Bitcoin. And I think this is what we're
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  seeing. I think 2024 is the year of the
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  powers that be begrudgingly accepting Bitcoin and realizing
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  that it's not going away. And of course with that comes
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  the opportunity for them to Co opt this.
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  And obviously, I think it's a little too late for them to
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  actually Co opt the Bitcoin network.
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  But we are seeing that there is attempt to Co opt the network.
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  And so I know Gary's been kind of getting a lot of heat lately
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  on Twitter. But let's let's clarify.
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  Let's clarify how they're going like, so they've come to terms
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  with the fact that they're not going to be able to make this
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  thing go away. I think they've come to terms
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  with that. So what I think they're trying
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  to do is they're trying to funnel people towards.
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  Yeah, that's how I was. Going to go they're trying to
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  funnel people towards the ETFs and now they're going to try to
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  funnel people to banks custodying their digital assets
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  and I think they're going to demonize and they're going to
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  make it like they're going to say all these terms like money
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  laundering. It's dangerous it's dangerous to
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  democracy. I think we've already heard that
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  actually, you know it's somehow dangerous to society for you to
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  write down 12 words and take self custody of your own assets.
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  I think that's where the battle is going.
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  I think that now they see the writing on the wall.
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  This thing isn't going to go away, but I think that they
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  realize that they can get the best of both worlds if most
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  people are buying the ETF product rather than taking self
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  custody of their digital assets. Yeah, totally.
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  And especially when you consider the precedent that is being set
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  right now with the Tornado Cash stuff.
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  Remember the Gary Gensler clip last week where he pretty much
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  outright said that very thing like if you want to buy Bitcoin,
• 12:05
  you want exposure to Bitcoin, then go to the ETFs.
• 12:07
  Now we're seeing the other angle where the biggest banks in the
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  world are seemingly getting some favoritism and they're like,
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  yeah, we're going to custody your Bitcoin.
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  This is fine, give us your Bitcoin.
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  And all of us are like, yeah, we knew this was coming.
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  We knew the financial world, the institutional managers of the
• 12:22
  world, we're going to try to embrace Bitcoin and Co-op the
• 12:24
  network. But don't give them your
• 12:27
  Bitcoin. Don't buy Bitcoin ETFs.
• 12:29
  You want to take Bitcoin into city.
• 12:31
  We knew this was coming, but it is interesting that there does
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  seem to be some form of favoritism going with the BNY
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  Mellon. Obviously Gary in that in the
• 12:40
  Bloomberg article said like, oh, any bank could do this.
• 12:43
  But it is interesting that BlackRock got the first ETFBNY
• 12:47
  Mellon got the first bank custodial product.
• 12:50
  And so you see the writing on the wall, which is why we know
• 12:53
  coming down the pipeline, they've been laying groundwork
• 12:56
  for this all year of trying to make custody your Bitcoin seem
• 12:59
  like a bad thing. I forget what, what, what was
• 13:02
  the framing they used like a non custodial Bitcoin.
• 13:05
  I forget what it was, but they're, they're, they're
• 13:08
  angling towards making self custody in a legal thing.
• 13:11
  Obviously, the more they try to ban Bitcoin, the more they're
• 13:14
  going to hurt themselves and more people realize the use case
• 13:17
  of taking custody of your Bitcoin.
• 13:19
  As we say all the time, that is the revolution holding Bitcoin
• 13:21
  for yourself. I'm not one of these Bitcoiners
• 13:24
  though that thinks that banks are going to go away.
• 13:27
  I, I think there will be Bitcoin banks in the future.
• 13:29
  Again, you can reference what how Finney said, I think it was
• 13:32
  like a month after the Bitcoin network was created.
• 13:34
  Bitcoin I don't think necessarily obsolete banks.
• 13:37
  It obsolete the power of the central bank having the ability
• 13:40
  to print money. I think there will be Bitcoin
• 13:43
  banks in the future, but they are going to be limited with the
• 13:46
  fact that they can only create 21 million Bitcoins.
• 13:49
  So they're going to have to be smart.
• 13:50
  They're not going to be able to re hypothecate for too long or
• 13:53
  else they're going to blow up. So bitcoins incentives I think
• 13:56
  will stay pure. There will be some rug pools I
• 13:59
  think in the future from people that are trying to get greedy
• 14:01
  and for people that don't know what's going on, but we knew
• 14:04
  this was going to happen. So it is bullish in regards to
• 14:06
  yeah, self hosted wallet. It is bullish in regards to the
• 14:09
  price and the legitimacy of Bitcoin.
• 14:12
  Again, like Niko said, we got to keep our heads on the swivel.
• 14:14
  Make sure you are taking Bitcoin into custody, buy spot Bitcoin,
• 14:17
  avoid the ETFs as much as possible unless you have money
• 14:20
  in the traditional system and you can't get it out like you
• 14:23
  know, we're not here to tell you what to do with your money.
• 14:25
  We're just here to show you that there's an an alternative and
• 14:28
  it's taking Bitcoin into custody. 100% and and that's the
• 14:31
  revolution, right? That that's how we change
• 14:33
  things. Anyways, I do want to welcome
• 14:35
  our guest for today we have Andre.
• 14:37
  Andre is the founder of Air BTC. You can think of it as an Airbnb
• 14:42
  for bitcoiners. How you doing Andre?
• 14:45
  Great guys. Thanks for having me on.
• 14:47
  So any thoughts on before we move on to the numbers segment,
• 14:51
  any thoughts on, you know, the, the this breaking news coming
• 14:55
  out of the the, the the favored banks being finally allowed to
• 15:02
  custody Bitcoin and it was quite interesting there too as well.
• 15:06
  It's the individual bank accounts will be individual
• 15:11
  Bitcoin wallets. I mean, I find that hilarious
• 15:14
  because it's kind of like, like Sparrow already does that, Like,
• 15:19
  you know, like Electrum already does that, like having a
• 15:23
  hardware wallet already does that.
• 15:24
  It's like they're trying to justify their existence.
• 15:27
  Now, I understand how that would be a useful product for
• 15:34
  potentially a company that, you know, wants to have a Bitcoin
• 15:39
  treasury and they don't want a lot of people having access to
• 15:43
  their private keys. And it gets kind of complicated,
• 15:46
  but for individuals like that is not necessary.
• 15:50
  This is what Bitcoin fixes, right?
• 15:53
  Anyways, Andre, what? What are your thoughts?
• 15:56
  I think that if your if your coins are on exchange or at a
• 16:00
  bank, it's not your coins, it's coins, it's their coins.
• 16:03
  And in 10 years from now, it's probably going to be the
• 16:07
  government's coins. So yeah, from a price
• 16:09
  perspective, very bullish. I think, you know, sellers
• 16:13
  mentioned all three of those things before any of them
• 16:16
  happened. And now all three of them have
• 16:17
  happened. And I definitely think that it's
• 16:21
  the next phase of adoption. But I think in the future there
• 16:24
  will be there will be two sets of coins, those that are with
• 16:29
  institutional players and those who are that's in the hands of
• 16:32
  individuals. And I think those coins are
• 16:35
  going to the ETFs, into the banks, into the coin bases.
• 16:39
  I think they're going to be lost to the public at large at some
• 16:43
  point. So get your coins into self
• 16:46
  custody, guys. A. 100% I think we have a really
• 16:48
  good comment here, right here by Doctor Daniel Howell.
• 16:52
  He says Bitcoin will leak into banks, but it will never leak
• 16:55
  out. They're thinking out 100 years.
• 16:57
  I, I 100% agree with that. Self custody is the ultimate
• 17:02
  threat to the system. Make no mistake.
• 17:05
  We're going to talk about later on in the show, we're going to
• 17:08
  talk about this crazy clip that came out this weekend of John
• 17:12
  Kerry talking about essentially how, you know, the 1st Amendment
• 17:17
  is it is a problem and how freedom of speech is a problem.
• 17:21
  But, and we're going to talk about what essentially what the
• 17:23
  themes are. Why is this happening?
• 17:26
  What is the pivotal shift? Why things are changing, and
• 17:30
  it's a topic that we've brought up many times on the show.
• 17:33
  We call it the great disintermediation.
• 17:35
  So what is happening right now before our eyes is the great
• 17:38
  disintermediation of information.
• 17:41
  That's what social media has enabled.
• 17:42
  That's what the Internet has enabled.
• 17:44
  What's to come is the great disintermediation of money.
• 17:48
  Governments have relied on gatekeepers, custodians to Co
• 17:55
  they. It's a lot easier to Co opt a
• 17:57
  handful of gatekeepers than it is to Co opt to millions upon
• 18:01
  millions of individuals talking freely and transacting freely.
• 18:05
  And that's essentially what it comes down to.
• 18:07
  It's not our fault that they built the entire control system
• 18:12
  on the fact that they were always going to be a couple of
• 18:15
  gatekeepers and custodians of which they can they can put
• 18:19
  pressure on anyways guys before we jumped jump into the show, I
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  the 1st 25 minutes of the show. Let's get get to the numbers.
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  had a little bit of a drop off $63,520 sats per dollar 1574
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  cap 1.26 trillion Bitcoin versus gold market cap 6 .85% money
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  supply 19,760,792 BTC percentage issued 94.1% Anyways, guys, we
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  We talked about these things that we talked on Simply Bitcoin
• 22:05
  regularly about them becoming mainstream.
• 22:09
  And a lot of the indications of that are when you have people
• 22:14
  from traditional finance talking about Bitcoin, whether that's
• 22:19
  Larry Fink or this gentleman right here, the CEO of Counter
• 22:22
  Fitzgerald, Howard Lutnick, or whether it's people like Joe
• 22:27
  Rogan or Tim Poole or RFK Junior identifying some of the
• 22:33
  problems. And also I seeing and showing
• 22:36
  that Bitcoin fixes a lot of these problems.
• 22:39
  So here's a clip from Howard or Howard Lupnik on Legacy
• 22:45
  Financial Media. Let's check it out.
• 22:47
  Bitcoin is a commodity. It should be treated like gold
• 22:51
  and like oil. It's just a commodity.
• 22:54
  Other digital currencies, different.
• 22:56
  Other digital assets different. But Bitcoin is a commodity.
• 23:00
  But why can't they understand that?
• 23:01
  It just doesn't make sense to me.
• 23:03
  So I mean, there you have right, basically a someone from
• 23:07
  Triadfi, someone from a very, very, very powerful and
• 23:11
  esteemed, you know, traditional financial firm, the CEO of
• 23:15
  Counterfeitzgerald basically saying, yeah, it Bitcoin is
• 23:18
  different than shit coins, you know, simplifying it.
• 23:21
  But that's what he's saying. He's saying Bitcoins a
• 23:23
  commodity, everything else is different.
• 23:25
  Here is a one minute clip of RFK talking about the Federal
• 23:30
  Reserve. Now, the reason that this is so,
• 23:33
  so important is because, ladies and gentlemen, the Federal
• 23:36
  Reserve is the cause of most people's financial woes in the
• 23:42
  United States. In fact, if your country has a
• 23:46
  central bank, the crazy wealth inequality, the absolute theft
• 23:52
  that happens every time they print money, if you identify the
• 23:57
  root cause of this, it is the central bank, it is the Federal
• 24:03
  Reserve. So when you have people like RFK
• 24:07
  who was running for president now he bowed down and now he's
• 24:11
  supporting Donald Trump, potentially he's going to be
• 24:15
  appointed to a member of, he's going to be part of the cabinet
• 24:20
  on in the Trump administration. I don't know where where he's
• 24:21
  going to be appointed, but when you have people of that caliber
• 24:26
  of that level correctly identifying the problem, we are
• 24:33
  making progress because most people are still psyopped into
• 24:39
  thinking that they can fix their economic woes by voting harder
• 24:44
  daddy, where in reality they can fix their economic woes by
• 24:49
  opting out entirely. I don't think that ending the
• 24:53
  Federal Reserve through traditional political means is
• 24:58
  viable. In my opinion, I think that's
• 25:00
  almost impossible. What I think is viable though,
• 25:04
  is people I identifying it as a problem and providing a better
• 25:09
  alternative and then individuals choosing to opt out of the
• 25:14
  system entirely, right? So they're circumventing the
• 25:19
  voting process, right? So they're basically saying, you
• 25:22
  know what, I'm not going to wait for a certain president to get
• 25:27
  elected. I'm going to take personal
• 25:30
  responsibility of my life now. I'm going to opt out of that
• 25:33
  system of theft and usury, and I'm going to opt into a system
• 25:38
  like Bitcoin. That's what it's about.
• 25:41
  So when you hear people like RFK, people like Steve Bannon,
• 25:46
  people like Tim Poole, when you see them talking about the Fed,
• 25:52
  that is a step in the right direction.
• 25:54
  But it's not just enough talking about the Fed.
• 25:58
  It is identifying and calling out and exposing the scam of the
• 26:03
  Federal Reserve while also simultaneously providing the
• 26:08
  solution. And of course that solution is
• 26:10
  self custody Bitcoin. Anyways, here's the clip the.
• 26:14
  Fed is like a pump. It's function it it, it operates
• 26:19
  on behalf of a few Wall Street banks and it's function is to
• 26:24
  act like a pump. It is literally strip line the
• 26:27
  wealth and equity and away from American middle class shifting
• 26:31
  it up where companies in this country and financial
• 26:34
  institutions. When I was a kid, they would go
• 26:37
  out if you wanted to make an investment, they'd go out and
• 26:39
  look at the the all the factories.
• 26:41
  They'd go to Michigan, they'd go to Detroit, they'd go to other
• 26:45
  parts of our country and they'd look at the factories and they'd
• 26:48
  say what does the management team look like?
• 26:51
  What are the production figures? What are the financial figures?
• 26:55
  What is the bank book? What is the inventory?
• 26:58
  They'd look at that and then and make a financial back.
• 27:01
  That doesn't happen today. The only thing they're focused
• 27:04
  on on Wall Street is what is the Fed going to do next?
• 27:10
  And our country's been financialized and we've allowed
• 27:14
  all of the industry to leave our country and it's now in China.
• 27:18
  We've outsourced it. So OK, again, it's like a lot of
• 27:23
  people, they they have correctly identified, sorry, Opti, they
• 27:26
  have correctly identified the problem.
• 27:30
  But if you just correct, if you just identify a problem and you
• 27:35
  don't provide a solution, you're like old man yelling at sky,
• 27:39
  right? And I'm not saying this about
• 27:41
  RFKRFK is awesome. I'm talking about just anyone in
• 27:44
  general. If you've identified the
• 27:46
  problem, but you're not providing the solution, you're
• 27:49
  the old man yelling at sky Simpsons meme literally because
• 27:54
  there is no point. You, you have to not only
• 27:56
  identify the problem, identify that the Federal Reserve is a
• 28:00
  scam. It's a wealth redistribution
• 28:03
  mechanism from the lower middle classes that don't have the
• 28:06
  means to save in assets back to the very wealthy and back to the
• 28:11
  government. That's what it is.
• 28:13
  That's how it functions. Every time they print money,
• 28:16
  that's what they do. It's literally theft.
• 28:19
  So when you see people asking politicians about what are you
• 28:26
  going to do to lower grocery prices, what are you going to do
• 28:28
  to lower the cost of housing? What are you going to do?
• 28:32
  People have to understand that government itself and their
• 28:37
  spending is the sole cause of those re of those prices going
• 28:42
  up the way they are. However, before you get your
• 28:46
  panty in a bunch and you freak out and you say wow, like we
• 28:49
  have to vote of this and then you get all negative and gets
• 28:52
  all dark, there is hope. And that hope is Bitcoin.
• 28:56
  Because if you opt out of the system entirely and you don't
• 29:00
  have to ask anybody for permission and you start saving
• 29:03
  in Bitcoin, all of a sudden your life gets progressively cheaper
• 29:08
  over time. So whether that's housing or
• 29:12
  grocery bills, everything gets cheaper as it relates to
• 29:16
  Bitcoin. And that's something that people
• 29:20
  should have to understand because expecting the government
• 29:25
  to change tune here, right? Expecting them to change tune,
• 29:29
  remember, it's a huge source of revenue for them.
• 29:32
  But the fact that they could just print money out of thin
• 29:34
  air, expecting them to change tune, expecting them to vote
• 29:39
  harder daddy, and then that's going to effectuate change.
• 29:43
  It's a bit naive. What you can do right now as an
• 29:46
  individual is choose to opt out entirely.
• 29:51
  And that is the revolution. That is the peaceful protest.
• 29:54
  Remember, this was written in the genesis block, right?
• 29:57
  This Bitcoin is inherently a political movement.
• 30:01
  It is a protest against currency debasement in the genesis box.
• 30:05
  So she literally wrote, Chancellor on the brink of the
• 30:08
  second bailout for banks because he knew that the government,
• 30:12
  we're just going to continue printing money and bailing out
• 30:16
  the banks at the expense of Main Street.
• 30:20
  So that's what this is about anyways.
• 30:22
  Opti, what's your take on this? And then we'll move it on to
• 30:24
  Andre. Yeah, well, I've been saying
• 30:27
  this for a while in regards to influential people coming out
• 30:31
  and speaking good things about Bitcoin.
• 30:33
  I'd kind of argue that the majority of people that were
• 30:36
  already in Bitcoin, I would again would argue that we're
• 30:40
  more independent thinkers. And so we've done the research
• 30:42
  and we don't need people to tell us that Bitcoin is OK.
• 30:45
  But I may argue that that's we're we're a little, we're
• 30:50
  we're a little more scarce. We're like the, the 8020 mean,
• 30:52
  you know, the Pareto principle where it seems like 20% of the
• 30:55
  population can think for themselves and then the rest of
• 30:58
  the 80% of the population needs the authority figures to come
• 31:02
  out and speak good about Bitcoin.
• 31:04
  And it seems like this is where we are right now.
• 31:06
  I, I wouldn't even argue that we're at 20% of the population
• 31:08
  as Bitcoiners. I'd, I'd argue it's a lot less
• 31:10
  than that. But we're starting to see that
• 31:13
  when influential people do come out and say good things about
• 31:15
  Bitcoin and we are thoroughly saturating all a popular culture
• 31:20
  that more people start to look at Bitcoin like a legitimate
• 31:22
  investment or legitimate money or something that is legitimate
• 31:26
  to own in their portfolio. And I think we are seeing this
• 31:30
  play out. Obviously it's have it's
• 31:32
  happening very slowly. But as I was saying, 2024 seems
• 31:35
  to be the year where we're just laying brick by brick to lay
• 31:38
  that foundation. So when the masses do come into
• 31:41
  Bitcoin and we do get another bull run or next leg up in the
• 31:44
  bull run and the price starts running and we go into the price
• 31:47
  discovery mode that people will realize that, oh, wait, you
• 31:50
  know, I've been, I've been ignoring this Bitcoin thing for
• 31:53
  too long. And look at all these very
• 31:54
  influential smart people talking about Bitcoin.
• 31:57
  Maybe I need to get some. And I think this is where we are
• 31:59
  right now where people are identifying the problem.
• 32:02
  Obviously, Bitcoiners have been identifying the problem for 15
• 32:05
  years now. Satoshi identified the problem
• 32:07
  in 2008, or rather, you know, 2009 when he unrolled the
• 32:11
  Bitcoin network. And so slowly but surely, people
• 32:14
  are waking up to the fact that, hey, look, there is no political
• 32:18
  solution to this. We, if you understand about the
• 32:22
  the traditional financial world, they have to keep printing
• 32:24
  money. That's the only way that they're
• 32:25
  going to keep the economy going. They have to inject more capital
• 32:28
  into the system. And they're not going to give up
• 32:30
  that power of just creating money out of thin air easily.
• 32:34
  So they're going to continue to print money.
• 32:36
  They're going to continue to inject money into the economy,
• 32:39
  whether it's the US or any other country in the world.
• 32:42
  This is basically the only move they have.
• 32:44
  And so you have to protect yourself.
• 32:46
  And this is what the whole show is about is trying to hit a
• 32:50
  bunch of different examples. Obviously keep you guys informed
• 32:52
  on the news, but hopefully when new people come in, they
• 32:55
  realize, oh wow, like I need to protect myself or else I'm going
• 32:59
  to end up poor, destitute and completely oblivious to what's
• 33:03
  happening in the world right now.
• 33:05
  And I'd argue and I think all of us here at simply Bitcoin would
• 33:08
  argue and everyone in the audience would argue that
• 33:10
  Bitcoin is the biggest technological movement that
• 33:14
  we've seen probably since the Internet.
• 33:15
  And it might even be bigger than the Internet because money is
• 33:19
  1/2 of every transaction in the world.
• 33:20
  Money touches everything. And now we have the best money
• 33:24
  in the world to save in. And so I'm very, very hopeful
• 33:28
  that more people are going to wake up.
• 33:30
  I'm very happy about seeing influential people talk about
• 33:33
  Bitcoin because there's a lot of people that made a platform as
• 33:37
  like an influencer that talks about politics and talks about
• 33:40
  the problems of the world, but very few people are talking
• 33:42
  about the solution. It's very simple to us here.
• 33:45
  It's you just need to save in Bitcoin.
• 33:47
  You need to stop using using the enemy's money AKA Fiat money and
• 33:50
  start to save in the people's money which is Bitcoin.
• 33:53
  Amen to that, Andre. Do you have any thoughts on this
• 33:55
  my friend? I love seeing non Bitcoin large
• 33:59
  influencers coming in. I think it's been wrapping up a
• 34:05
  lot the last two years and it's especially good to see that it's
• 34:08
  mostly Bitcoin and not crypto that they're talking about.
• 34:13
  Regarding the central bank situation, I mean the Anaheli
• 34:17
  Trinity Trinity, the central bank, the government and the
• 34:20
  banks at this stage, they have the money printers almost across
• 34:24
  the world in every country. They're not going to just roll
• 34:28
  over and die. It's going to be a tough uphill
• 34:30
  battle for us. But but Quinn is the only thing
• 34:35
  that that gives us hope. 100 percent, 100% Bitcoin is hope
• 34:40
  and it is going to be a tough uphill battle.
• 34:42
  I mean, we don't call this a separation of money and state
• 34:45
  for no reason, right? And I think the established
• 34:47
  players, you know, governments get so much power from being
• 34:50
  able to create money for free that everyone else has to work
• 34:52
  for. And expecting them to just say,
• 34:55
  you know what, like we're, we're actually going to have to be
• 34:58
  fiscally responsible now, like is, is a bit naive.
• 35:02
  So yeah, it is going to be an uphill battle.
• 35:04
  But again, I think if enough of the population in percentage
• 35:08
  terms take self custody and the circular economy start to become
• 35:12
  a thing, peer-to-peer transaction start to become a
• 35:15
  thing. I'm, I'm telling you like there
• 35:17
  is nothing they'll be able to do about it.
• 35:20
  So anyways, guys, stay tuned. We're going to get to the news.
• 35:23
  Lots to talk about today. So we had the Secretary of
• 35:27
  State, the former Secretary of State, John Kerry, basically
• 35:32
  saying I'm, I'm paraphrasing here, doing your own research is
• 35:35
  dangerous to democracy. So stay tuned for the new
• 35:38
  segment where we're going to cover it.
• 35:39
  Let's check it out. A special shout out to our
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• 38:07
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• 38:10
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• 38:25
  Anyways. So what are we going to talk
• 38:27
  about today? We are going to talk about what
• 38:30
  social media has done and the wrench it kind of threw into the
• 38:36
  control systems, the control mechanisms of of society.
• 38:41
  And I'm going to connect it with what we were talking about in
• 38:46
  the beginning of the show. So what I believe we are living
• 38:51
  through as a as as humanity, and let me pull this up first, is
• 38:57
  we're living through something that I call the great
• 38:59
  disintermediation. If you want to read a little bit
• 39:04
  more about this in detail, I suggest reading the book The
• 39:06
  Sovereign Individual. They talk about it and
• 39:09
  essentially they make the case that information technologies
• 39:13
  was going to empower the individual the likes of which
• 39:16
  has never seen before, and the organization of society was
• 39:21
  going to change dramatically. Because all of a sudden
• 39:24
  individuals are going to have the ability to not only do their
• 39:29
  own research, choose what information they want to
• 39:32
  consume, but also choose what money they want to use.
• 39:37
  Now, unfortunately for nation states, for governments, they've
• 39:43
  been operating for a very long time in this system where
• 39:49
  they've been able to control the information, they've been able
• 39:53
  to control the money for a very, very long time.
• 39:57
  And essentially what has happened was first of all, let's
• 40:01
  talk about the disintermediation of information.
• 40:04
  We'll talk about the disintermediation of money at a
• 40:06
  later time. We, we, we talked about it on
• 40:09
  Friday. Actually we talked about it a
• 40:10
  little bit in the beginning of the show, but I want to talk
• 40:13
  about the disintermediation of information first.
• 40:15
  So governments were not prepared for mass scale, peer-to-peer
• 40:18
  communications. What does that mean?
• 40:20
  That is social media. So for the first time ever, you
• 40:25
  can build a massive following without going through a handful
• 40:32
  of legacy media institutions. There's literally like four or
• 40:36
  five companies that own all the traditional media.
• 40:42
  You don't have to go through them to build up a career in
• 40:47
  journalism, broadcasting, podcasting anymore.
• 40:50
  All of a sudden you can do that yourself.
• 40:53
  You can buy the microphone, you could buy the camera.
• 40:57
  And what's starting to happen is independent content creators are
• 41:04
  starting to get significantly more views and attention than
• 41:11
  traditional legacy media. And that starts to become a
• 41:15
  problem for the systems of control.
• 41:17
  Now, I know what a lot of you guys are saying.
• 41:19
  Nico, what are you talking about?
• 41:22
  That's a conspiracy theory. You, you know, you know, you
• 41:24
  don't know what you're saying. Well, don't take my word for it.
• 41:27
  Here's the former Secretary of State, John Kerry talking about
• 41:32
  exactly what I just said. So tough, everybody is wrestling
• 41:37
  with that right now. And I think the the dislike of
• 41:42
  and anguish over social media is just growing and growing and
• 41:46
  growing. And it's part of our problem,
• 41:50
  particularly in democracies in terms of building consensus
• 41:54
  around any issue. It's really hard to govern
• 41:57
  today. You can't, you know, there's no,
• 42:01
  the referees we used to have to determine what's a fact and what
• 42:04
  isn't a fact that kind of, you know, been eviscerated to a
• 42:07
  certain degree. And people go and that people
• 42:11
  self select where they go for their news or for their
• 42:15
  information. And then you just get into a
• 42:17
  vicious cycle. So it's really, really hard,
• 42:19
  much harder to build consensus today than at any time in the
• 42:24
  4550 years I've been involved in this.
• 42:26
  And, and, you know, there's a lot of discussion now about how
• 42:30
  you curb those entities in order to guarantee that you're going
• 42:35
  to have, you know, some accountability on facts,
• 42:38
  etcetera. But look, if people go to only
• 42:41
  one source and the source they go to is sick and, you know, has
• 42:46
  an agenda and they're putting out disinformation, our First
• 42:51
  Amendment stands as a major block to the ability to be able
• 42:54
  to just, you know, hammer it out of existence.
• 42:57
  So what you need, what we need is to is to win the ground, win
• 43:03
  the right to govern by hopefully having, you know, winning enough
• 43:08
  votes that you're free to be able to to implement change now
• 43:14
  obvious. So like, again, you have to
• 43:16
  understand the word craft and the word smithing that was used
• 43:20
  here, right? So we want to be able to win
• 43:23
  enough votes so that we're free to implement, change that word
• 43:28
  free. He's using on purpose for you to
• 43:31
  interpret it as a certain way. We want to be able to win the
• 43:35
  election so that we're able to essentially censor the
• 43:40
  information sources we don't control.
• 43:43
  And there is a lot of other things that he was saying,
• 43:45
  right, which is the accountability of facts.
• 43:48
  You know, that the First Amendment was standing in the
• 43:51
  way. Now the reason that the Founding
• 43:54
  fathers in the United States created the First Amendment the
• 43:56
  way they did was precisely because they understood that
• 44:01
  these so-called referees right could and would be Co opted by
• 44:08
  the government for political gain.
• 44:11
  Which is why freedom of speech is the way it is.
• 44:15
  So that the free market of ideas gets to decide what idea is good
• 44:20
  and what idea is not good. Not a group of bureaucratic
• 44:24
  elites in Washington, DC getting to decide what information is
• 44:29
  true and what information is not true.
• 44:32
  Right. So I love the, I love the
• 44:34
  wording he used because it was so insidious.
• 44:37
  He was like accountability on facts.
• 44:40
  Weren't you guys telling us that there was going to be no
• 44:42
  inflation? Wasn't wasn't these so-called,
• 44:46
  you know, legacy media institutions?
• 44:48
  Didn't they sell us on the lie that Iraq had weapons of mass
• 44:52
  destruction and that led to a horrific war where like millions
• 45:00
  of people died and it was all under a false pretext because
• 45:04
  there was no weapons of mass destruction.
• 45:07
  So like, again, his frustration is not on the fact that his
• 45:13
  frustration is because of social media, it no longer allows the
• 45:18
  government to sell the public on ideas that is convenient to
• 45:23
  them. That is essentially what he's
• 45:25
  saying. And, and I'm not the only one
• 45:28
  saying this, by the way, this is Brett Weinstein.
• 45:30
  And let's let's hear some of his thoughts.
• 45:33
  Project Mockingbird was the project of the deep state to
• 45:37
  control us via the media, but it worked much better in an era
• 45:41
  where there were three broadcast networks.
• 45:44
  You didn't have to control that many properties.
• 45:46
  The reason that the narrative broke was because Goliath was
• 45:49
  focused on controlling the mainstream media properties and
• 45:53
  it didn't think it had to care about the off Joe Rogan man cave
• 45:57
  stuff. Why should it care what a
• 45:59
  podcast was? Who cares what gets said on
• 46:02
  pirate radio, right? But that mattered a lot because
• 46:05
  people, when they realized they were being lied to and they were
• 46:07
  doing harm to themselves because of those lies, tuned out the
• 46:11
  mainstream media and they started searching for
• 46:12
  information elsewhere. The punchline is if you want to
• 46:15
  beat the deep state, what you need to do is you need to drag
• 46:18
  Goliath on the territory. He doesn't understand that's
• 46:21
  where we win. So it's really you guys have to
• 46:24
  understand and you know, I'm going to connect us with
• 46:27
  Bitcoin, right, because it's incredibly important.
• 46:32
  Freedom of speech is the frontline for the battle for
• 46:35
  Bitcoin. You can't have Bitcoin without
• 46:38
  freedom of speech. And if you don't think that
• 46:41
  they're OK with you talking freely, what makes you think
• 46:46
  they're going to be OK with you transacting freely?
• 46:50
  So I'm going to connect this with Ross Stevens piece that he
• 46:54
  wrote with for NY. He's the founder of NY Dig and
• 46:59
  which he makes the case that bitcoins protected under the 1st
• 47:03
  Amendment. Because you see where this is
• 47:06
  going. This is a pivotal moment in
• 47:09
  human history. Society is changing.
• 47:12
  The role of government in people's lives is significantly
• 47:16
  changing and the Internet is the cause of that.
• 47:21
  And instead of the government saying, you know what, like it's
• 47:25
  good that we have a more informed populace.
• 47:29
  It's good that people have the ability to choose, choose their
• 47:34
  own money. They're reacting in a tyrannical
• 47:38
  manner. They're saying no, no, no, no,
• 47:40
  no, no. We know because this is what
• 47:42
  John Kerry is essentially saying.
• 47:45
  We think you're too stupid to do your own research.
• 47:49
  And we know what is best for you.
• 47:52
  And we are the ultimate deciders on what is truth and what is not
• 47:58
  truth. Because if you look at the
• 48:02
  legacy media's track record over the last four to five years,
• 48:07
  it's been terrible. And I'm not even going to get
• 48:09
  into the pandemic stuff and whatever.
• 48:11
  Just this talk about inflation. They gas lit us for a year and a
• 48:16
  half telling us that there was going to be no inflation.
• 48:21
  And what what ended up happening?
• 48:23
  Twitter was right, Bitcoin, Twitter was right.
• 48:26
  They called us psychopaths at one point, and then they ended
• 48:32
  up admitting that they were wrong.
• 48:35
  So I, I brought up the, I brought up the the example with
• 48:41
  with Iraq and how the New York Times released a piece that
• 48:48
  basically claimed that Iraq had weapons of mass destruction.
• 48:51
  It was discovered half a decade later that it was actually the
• 48:55
  intelligence agencies that were feeding The New York Times that
• 48:58
  information. And what John Kerry's
• 49:01
  complaining about is he's basically saying we can't use
• 49:05
  those mechanisms anymore to convince the American people on
• 49:11
  things because the American people are now more and more and
• 49:14
  more relying on social media on how they're getting their news.
• 49:21
  Remember, it was the Wall Street Journal that tried to convince.
• 49:26
  They released a bogus article that tried to convince the
• 49:30
  American public that Hamas was using Bitcoin in order to raise
• 49:38
  money for terrorism. It was only after Bitcoin
• 49:41
  Twitter reacted to that like a decentralized immune system of
• 49:47
  cyber Hornets that we literally called that bluff.
• 49:53
  We got Tom Emmer to, in congressional testimony to get
• 49:57
  the head of the FinCEN to admit that actually, no terrorists
• 50:02
  prefer using the traditional financial system more than they
• 50:06
  prefer using Bitcoin. But that wasn't the point of the
• 50:09
  article. The point of the article was,
• 50:12
  again, it was a political hit job.
• 50:15
  It wasn't interested in truth. And it reminds me of one of
• 50:22
  Naimbu Kelly's great articles for Bitcoin magazine and it's
• 50:26
  titled Don't drink the elites kool-aid.
• 50:29
  And that article, he said that one of their most important
• 50:32
  weapons is their control on the truth.
• 50:35
  And they're willing to lie, smear, print and do whatever it
• 50:39
  takes in order to control the truth.
• 50:43
  So that's what it fundamentally boils down to.
• 50:45
  And again, if we don't hold the line on the battle for free
• 50:50
  speech, we're going to have a hard time holding the line in
• 50:55
  the battle for Bitcoin. And this is what the separation
• 50:57
  of money and state is all about. And actually, I should rephrase
• 51:01
  this. This is the separation of
• 51:03
  information and state and the separation of money and state.
• 51:08
  It's just kind of happening simultaneously. 1 is happening
• 51:12
  before the other, but information technologies has
• 51:15
  completely changed the way that society operates.
• 51:19
  Governments were not prepared for this and instead of reacting
• 51:23
  and saying taking accountability and being open minded, even in a
• 51:27
  country like the United States that has the 1st amendment that
• 51:31
  is specifically meant to protect against this type of overreach,
• 51:36
  they're just saying no. We still know what's best for
• 51:38
  you guys, even though if you look at their track record, it's
• 51:44
  horrific. It's been terrible, right?
• 51:48
  Opti, what's your take on all this is a very is it is a very
• 51:51
  important subject. And dude, John Kerry, holy shit,
• 51:57
  they don't even care anymore, man.
• 51:59
  They don't even care. They don't even they don't even
• 52:01
  want to hide it. They don't care to hide it.
• 52:04
  They're just literally telling you the 1st Amendment is a
• 52:07
  problem and it stops us from doing what we want to do.
• 52:10
  Like that is nuts. Yeah, My response would be John
• 52:15
  Kerry. That is the literal point of the
• 52:17
  Constitution is to limit this crazy stuff you guys are trying
• 52:20
  to do. Like that is the whole point of
• 52:22
  its existence. But I do find it absolutely
• 52:25
  incredible that they go out and publicly say this stuff, which
• 52:28
  on the one hand shows where their intention are, and on the
• 52:33
  other hand just shows that people will actually believe
• 52:35
  this. And I, I don't know which one's
• 52:36
  scarier, that this is what they believe or that people will
• 52:39
  follow along doing this. Obviously, this was at the World
• 52:43
  Economic Forum or a World Economic Forum conference or
• 52:45
  whatever you want to call it. And we already know what their
• 52:49
  tagline is, is you owe nothing and be happy.
• 52:51
  So part of that does come down to information.
• 52:55
  Again, we always reference the Naibu Calais.
• 52:57
  Don't drink the elite kool-aid. We've been seeing this happen in
• 53:00
  real time in slow motion on this show for a long time that they
• 53:03
  are grasping for more and more power.
• 53:06
  And as they have their last, you know, last gasp of, of breath
• 53:11
  and power here, they're going to scramble and grab even more.
• 53:14
  And This is why we constantly talk about the importance of, of
• 53:17
  every single one of us out here as content creators or not, of
• 53:21
  just having these conversations about spreading the power, the
• 53:23
  memetic power of Bitcoin and, and hopefully waking more people
• 53:27
  up to what the game is. I remember for a long time it
• 53:31
  was very easy to just call us conspiracy theorists and
• 53:34
  relegate us into the corners. And now, you know, the delay
• 53:36
  between conspiracy theory in fact, is like 3 months.
• 53:39
  It used to be 10 years. And we've been saying this for a
• 53:42
  long time, that the more that the powers that be tried to
• 53:45
  grasp down and clamp on information, the more it exposes
• 53:49
  their incentive. They do not want you educated.
• 53:52
  They do not want you informed, and they really want you.
• 53:55
  Exactly, exactly what John Kerry just said.
• 53:57
  They want to control the communications platform so that
• 54:01
  they can go out there, spread their propaganda.
• 54:03
  Everyone eats it sink line and sinker out here and they just go
• 54:08
  along doing all the crazy stuff they've been doing.
• 54:10
  But now they can't do it because people are noticing and
• 54:13
  communicating on social media platforms.
• 54:16
  We're all trying to get to the truth.
• 54:18
  And people I think are fundamentally, at least the ones
• 54:21
  that still can critically think are truth seekers.
• 54:24
  Like, we want to know exactly what's going on in the world
• 54:26
  because once you understand the true nature of reality, you can
• 54:29
  start to prosper and live a better life.
• 54:31
  And so the more they try to control information, I think the
• 54:33
  more it's going to backfire. Streisand effect here and people
• 54:37
  are going to look for the for the truth and people want to
• 54:39
  understand the truth because that means you live a better
• 54:41
  life. Living with your head buried in
• 54:43
  the sand is only going to hurt you until you have enough pain
• 54:47
  and you realize wait, I need to get new information sources
• 54:50
  because it always reminds me of the 1984 quote of they want you
• 54:54
  to not trust your ears or believe your eyes.
• 54:57
  And the more they do this, the more it just shows that this
• 54:59
  movement of information disintermediation of truth
• 55:03
  seeking is growing. They are afraid of people having
• 55:06
  these conversations online because it completely destroys
• 55:09
  their narrative. And that's all they have is the
• 55:11
  power of manipulating the narrative.
• 55:13
  So, you know, as long as enough people that have influence are
• 55:17
  talking about this stuff, most people will go along with it.
• 55:20
  But now they're having a hard time because of the Cavemen like
• 55:23
  Joe Rogan's of the world are talking about the truth here.
• 55:26
  And we are getting to consensus here.
• 55:29
  The true consensus comes from everyone having these
• 55:31
  conversations and getting to the fact individually, not just from
• 55:36
  these official gatekeepers of information.
• 55:39
  And now you see that they're they're struggling.
• 55:41
  You see, that's why they're getting so mad at Elon Musk.
• 55:44
  You see, This is why they're attacking the First Amendment.
• 55:47
  This is why they're trying to relegate us all into
• 55:50
  psychopathic memers on the Internet.
• 55:52
  And we're just like, we just want to know what the truth is,
• 55:54
  man, just like just stop, just stop.
• 55:57
  Just stop gaslighting me and, and insulting my intelligence
• 56:02
  when like I have a brain still at least, you know, but it might
• 56:05
  be only barely functioning. But I think I know what the
• 56:07
  truth is here. I can get to the bottom of
• 56:09
  information. I can do my, my own research and
• 56:12
  hopefully live a better life. And this is what it's about.
• 56:14
  This is why they're freaking out, because they can't control
• 56:16
  the narrative anymore. Yeah, 100%.
• 56:18
  And and then, like, I'm going to leave.
• 56:20
  I'm going to ask you guys the question.
• 56:22
  Like, what is the role of government?
• 56:24
  Like what should be the role of government?
• 56:26
  Like, this is not what government should be.
• 56:29
  Government should not be the one who is the arbiter of truth.
• 56:34
  Like government doesn't like this.
• 56:37
  Look, government is supposed to do very simple things.
• 56:40
  I think Naimbu Kelly hits the nail on the head, OK?
• 56:43
  El Salvador went from being one of the most dangerous countries
• 56:46
  in the world to one of the most safest, and they did it all in a
• 56:50
  couple of years. OK, government's supposed to
• 56:53
  protect private property. Government is supposed to offer
• 56:58
  justice. Government's supposed to provide
• 57:01
  law and order. That's it, right?
• 57:04
  But government's supposed to basically being the arbiters of
• 57:09
  truth. And they're the ones that decide
• 57:11
  what truth is not OK, and what truth is, is OK.
• 57:15
  And again, they found a very sneaky way of getting around the
• 57:20
  1st Amendment by Co opting legacy media, right?
• 57:25
  But now they weren't, they weren't ready for the Internet.
• 57:28
  The Internet is just like here now.
• 57:30
  Everyone is starting to think critically.
• 57:33
  Things are getting exposed, right?
• 57:35
  People are opening their eyes, people are communicating freely
• 57:38
  and they're upset and they're asking for accountability for
• 57:42
  what the what the what happened before there would be no
• 57:47
  accountability. Was there accountability for
• 57:49
  what happened in 2008? Was there accountability for
• 57:52
  what happened in Iraq? Was there accountability for any
• 57:55
  of those things? There was no accountability.
• 57:58
  That's the whole point. And all of a sudden, when people
• 58:00
  are thinking critically and all of a sudden like they're waking
• 58:04
  up from the matrix and they're starting to ask very difficult
• 58:07
  questions. The people that did a lot of
• 58:11
  things that let's just say the truth would not be kind to.
• 58:16
  They're kind of upset and they're kind of freaking out.
• 58:20
  And you're seeing, you're seeing them and you're and, and John
• 58:23
  Kerry saying what he's saying is a representation of that.
• 58:28
  And I, I find it amusing the word salad that he's using in
• 58:33
  order to justify taking the taking away the 1st amendment.
• 58:37
  Like the words that he was using were like accountability of
• 58:42
  facts. People are selling an agenda.
• 58:45
  There needs to be referees, you know, like, like what?
• 58:49
  Like what does that mean? What is that Like we need to be
• 58:53
  able to free. We need to be able to be able to
• 58:56
  free to govern. Like no, no, no, no, no, no, no.
• 58:59
  Let me translate this to you. We need to be able to free to
• 59:02
  censor. That's what he means, right?
• 59:06
  And someone in the comment the projection projection is strong.
• 59:10
  Anyways, Andre, what's your take on this?
• 59:12
  Then we'll get to we'll get to the culture and talk about air
• 59:15
  BTC. I've got a anecdote for you.
• 59:18
  I I recently became a father of a 2 year old boy and he always
• 59:23
  cries when I try to put on his shoes because he doesn't want to
• 59:25
  wear shoes. And then I give him the.
• 59:29
  I take out the shoes, a pair of red shoes and a pair of blue
• 59:31
  shoes, and I ask him, which pair do you want to put on?
• 59:35
  And then he chooses one and then he smiles and put it on for him.
• 59:38
  And that's exactly what they've been doing to the population for
• 59:41
  the last 100 years or whatever. And they're losing that ability
• 59:45
  now. So they, yeah, they've been
• 59:46
  treating us like 2 year olds. And now they're mad that we've
• 59:51
  woken up to the fact that, that they've been controlling us.
• 59:56
  And they're obviously not happy because now they're going to
• 59:59
  have to find another way to to. To control us.
• 1:00:04
  If they can like that, they're like, I I think that like the
• 1:00:08
  genies out of the bottle like type of thing.
• 1:00:10
  Like I think like there's a one way door bit.
• 1:00:14
  Twitter right now is the most popular news app in the world.
• 1:00:18
  Multiple countries have tried to ban it.
• 1:00:22
  You can. Mike Banz is making the case
• 1:00:25
  that the State Department is using other countries to go
• 1:00:28
  after X because they can't do it within the country because of
• 1:00:32
  the 1st Amendment. You have John and Kerry
• 1:00:35
  mentioning how the 1st Amendment is an issue.
• 1:00:38
  Like they have a big problem on their hands.
• 1:00:42
  And I think that problem is for the first time, the two year
• 1:00:45
  olds are starting to think critically and we're starting to
• 1:00:50
  become a big percentage of of the population.
• 1:00:53
  And we're asking for accountability from the
• 1:00:55
  government. And instead of that
• 1:00:57
  accountability, the government is basically saying like, no,
• 1:01:01
  you don't have the right to do that.
• 1:01:03
  Well, we do. Like, that's the whole point,
• 1:01:06
  right? That's how the US is structured.
• 1:01:08
  But it's crazy that they've been able to get away with this for
• 1:01:12
  so long. And what people call the deep
• 1:01:16
  state, it's not the deep state. That's people.
• 1:01:19
  You have to understand that. It's not the deep state.
• 1:01:21
  It's not this like giant conspiracy, a cabal of whatever.
• 1:01:24
  No, no, no, no. It's the administrative state.
• 1:01:27
  And all that means is there is an unelected bureaucracy that
• 1:01:33
  remains in power regardless of who gets elected into office.
• 1:01:39
  And that unelected bureaucracy is funded by the Fiat money
• 1:01:43
  printer, and it continues to get bigger and bigger and bigger and
• 1:01:47
  bigger. And that unelected bureaucracy
• 1:01:50
  is serving its own interests. The problem is, and the question
• 1:01:55
  that I have for you guys is it's supposed to be a government by
• 1:02:00
  the people, for the people. That bureaucracy is meant to
• 1:02:04
  serve you. You are not meant to serve it.
• 1:02:08
  It is your government. The problem though, is that
• 1:02:13
  because they have a money printer, they don't need to come
• 1:02:17
  to you for revenue. The government doesn't produce
• 1:02:19
  revenue it only takes from taxpayers.
• 1:02:24
  But as long as they have a central bank, as long as they
• 1:02:27
  have a Fiat money printer, all they have to do to continue the
• 1:02:32
  tyranny, to continue the endless wars, to continue growing the
• 1:02:37
  system of control is they just need to print money.
• 1:02:42
  That's it. That's all they have to do.
• 1:02:44
  And then people are dazed and confused and they're asking
• 1:02:48
  Donald Trump and Kamala Harris, what are you going to do to
• 1:02:50
  raise the the grocery prices when it's government itself that
• 1:02:55
  is responsible for the prices of groceries going up?
• 1:02:59
  So again, I think this is information narrative trench
• 1:03:02
  warfare on the battlegrounds of the Internet.
• 1:03:04
  This is about winning over the hearts and minds of individuals
• 1:03:07
  and really waking people the F up because so many people are
• 1:03:11
  still within the Fiat matrix and they don't realize that you know
• 1:03:16
  like in the matrix like it's it's using them as batteries man
• 1:03:20
  it's it's just crazy it's just crazy this all this stuff
• 1:03:24
  anyways, everybody we're. Yeah, wait, wait.
• 1:03:25
  One last thing. Because it, like we, we've said
• 1:03:27
  this a lot of times, you know, that's why the motto here is
• 1:03:30
  guides through the separation of money and state, because this
• 1:03:33
  exact thing is a perfect parallel of what happened when
• 1:03:35
  the printy press happened. I'm, I'm, I'm guessing, I can
• 1:03:38
  only imagine at the time they were saying the very same thing.
• 1:03:41
  It's like, no, you, you can't buy these books because they're
• 1:03:45
  not officially regulated by the, you know, the church.
• 1:03:48
  Those those aren't sanctioned copies of books.
• 1:03:50
  And everyone's like, yeah, cool story, bro, but I like this book
• 1:03:53
  and I'm going to buy this book and hopefully they print more of
• 1:03:56
  those books. So like history doesn't repeat,
• 1:03:58
  but it rhymes. And This is why we say this is
• 1:04:00
  the separation of money and state, just as we had the
• 1:04:03
  separation of church and state with the printing press when
• 1:04:06
  everyone had the decentralized power to print books.
• 1:04:09
  You know, of course, if they had a printing press, then new
• 1:04:12
  information or maybe information that was hidden that wasn't
• 1:04:15
  popular with the the established players starts to proliferate
• 1:04:18
  around the around the world, around the globe, around
• 1:04:21
  society, and people get to the consensus of the truth.
• 1:04:24
  So again, that's the point of the constitution is to ensure
• 1:04:29
  that these people do not get tyrannical and say and do
• 1:04:32
  whatever they want to and manipulate the narrative.
• 1:04:36
  Like that's the point. Yeah, look, 100% and I'm going
• 1:04:39
  to read this and I'm going to just change some words, right?
• 1:04:43
  The Matrix 1999, Neo takes the orange pill and wakes up to find
• 1:04:49
  he and the rest of humankind are being used as tax cattle by
• 1:04:53
  their governments. Like I, I, I I can't, I can't,
• 1:04:57
  you know, I can't emphasize that enough.
• 1:04:59
  And to quote the sovereign individual information tech,
• 1:05:03
  information technologies has now given the cattle wings.
• 1:05:07
  So this is what it's all about. But you have you as an
• 1:05:10
  individual have to take personal responsibility, use the tools of
• 1:05:16
  of Bitcoin, doing your own research to take back your
• 1:05:19
  sovereignty. All right, everybody, let's hit
• 1:05:21
  the culture. All right, everybody, I do want
• 1:05:35
  to give a shout out to our sponsor.
• 1:05:36
  Simply Bitcoin is funded by our sponsors.
• 1:05:39
  So guys, if you want to support the channel, of course you can
• 1:05:43
  donate to us directly. Appreciate all the the zaps
• 1:05:46
  coming in, but also check out our sponsors.
• 1:05:48
  And we're very, very picky on who we choose to sponsor with.
• 1:05:52
  So all the sponsors that you've seen in the show are going to be
• 1:05:57
  companies, Bitcoin companies that are going to help you
• 1:06:01
  become more of a sovereign individual.
• 1:06:05
  And one of those companies is the orange pull app Stack
• 1:06:08
  friends who stacks that's join the 12,233 Bitcoiners that are
• 1:06:13
  currently on the app. The Orange pull app is the
• 1:06:15
  number one resource for Bitcoin only events.
• 1:06:18
  It's also a great resource for you to connect with fellow
• 1:06:21
  bitcoiners that are near you has a very clever filtration system,
• 1:06:25
  so you'll only find bitcoiners on the application and it's one
• 1:06:29
  of the best ways to reach me directly.
• 1:06:31
  I don't really answer Twitter DMS these days or random emails.
• 1:06:35
  So if you want to send me a question or you want to just
• 1:06:37
  talk to me, you could send me a message via the orange pull up.
• 1:06:40
  You could also send Opti a message via the orange pull up.
• 1:06:43
  So scan the QR code or check the link in the video slash podcast
• 1:06:47
  slash podcast description. Download the orange pull app
• 1:06:50
  today. Stack friends who stacks that?
• 1:06:53
  All right, I'm going to pass it back to Opti.
• 1:06:55
  We have a very special guest today.
• 1:06:58
  We have Andre. Andre is the founder of Air BTC.
• 1:07:02
  Air BTC is the Airbnb of Bitcoin.
• 1:07:06
  So let's pull up the website. Stay anywhere with Bitcoin.
• 1:07:10
  Andre, I'm going to pass you the mic.
• 1:07:12
  What is this? Why did you create this?
• 1:07:14
  Is this you know, like why should people use this instead
• 1:07:19
  of air of Airbnb? Well, I created this business
• 1:07:25
  because I wanted to create something that is Bitcoin only
• 1:07:29
  and that has ties to the to the real world economy.
• 1:07:34
  So most, most Bitcoin only companies out there are either
• 1:07:38
  like some kind of payment or wallet software or most of the
• 1:07:46
  companies are a Fiat on off ramp.
• 1:07:48
  So ABGC is a little bit good. Only we don't have a Fiat bank
• 1:07:52
  account. We only do transactions in
• 1:07:54
  Bitcoin coming in and going out. And we're trying to, I mean,
• 1:07:59
  harvest the power of Bitcoin by we, we managed to launch
• 1:08:03
  worldwide basically instantly because anyone in the world can,
• 1:08:07
  can upload a property to the site and list with us and anyone
• 1:08:11
  in the world can, can book and pay in Bitcoin.
• 1:08:14
  So yeah, guests can only pay in Bitcoin on channel lighting, and
• 1:08:18
  those can only receive Bitcoin on channel lighting.
• 1:08:22
  Love it. All right, let me let me jump in
• 1:08:24
  here, Andre. One of the things that we were
• 1:08:26
  talking about before and that obviously would probably hit
• 1:08:30
  with our audience is this idea that you were telling me of like
• 1:08:34
  no KYC. So how does someone list the
• 1:08:37
  property here and and how does that that process work?
• 1:08:41
  So traditional KYC regulation and methods aren't meant to,
• 1:08:50
  well, they're meant to, to, to censor you and to tax you.
• 1:08:54
  And we are not interested in in that.
• 1:08:58
  And because we don't have a bank account and we're not linked to
• 1:09:02
  any specific jurisdiction, we don't really have a specific set
• 1:09:06
  of regulatory rules that we are forced to comply with.
• 1:09:11
  So our main goal with our KYC process on the side is just to
• 1:09:15
  keep back bad actors out. That's that's the only reason
• 1:09:19
  that, that, that we engage in that these kind of actions.
• 1:09:22
  And so we're looking at what I think your, your listeners
• 1:09:27
  would, would call interesting ideas regarding KYC.
• 1:09:30
  We've recently approved a user through their Nocer profile.
• 1:09:35
  So it was very simple. We still don't know the person's
• 1:09:38
  real name, but they sent us their, an Oster profile that
• 1:09:43
  proved that it belonged to them and it satisfied what we saw.
• 1:09:48
  They satisfied us that they're not a bad actor.
• 1:09:51
  And we decided to lose their, their property by just using,
• 1:09:58
  using that as, as our COIC method.
• 1:10:01
  So, so yeah, I mean, we're open to ideas and new ways to to, to,
• 1:10:07
  to handle the problem, which I think is what should be
• 1:10:12
  happening more in the real world.
• 1:10:15
  So and then let me ask you something like I'm sure that
• 1:10:17
  this is like a reputation or review based kind of system.
• 1:10:21
  So if someone stays out of property, people that up and go
• 1:10:24
  through some of them again please.
• 1:10:27
  The people leave reviews I'm assuming.
• 1:10:29
  Yeah. So, yeah, so so I mean, Airbnb
• 1:10:34
  has done a lot of this top of legwork and a lot of our
• 1:10:36
  listings or also really things actually or listings that that
• 1:10:41
  are listed on Airbnb as well. And those hosts then just prove
• 1:10:45
  to us that that that listing on Airbnb is indeed, indeed them.
• 1:10:50
  And we then give them a review on our site.
• 1:10:55
  So those five star reviews you've seen is a copy of the of
• 1:10:58
  their their Airbnb reviews. OK, gotcha.
• 1:11:02
  And then how do you? How do you?
• 1:11:03
  Introduce them. How do you know?
• 1:11:05
  How do you know that they are the actual owners?
• 1:11:08
  They're they're not just copy pasting.
• 1:11:10
  So Airbnb and Verbo and a lot of other, well, almost all the
• 1:11:14
  other sides, what they have that is calendar integration.
• 1:11:19
  So if they, if you have a listing with us and you have a
• 1:11:21
  listing with say Airbnb, if someone books an Airbnb, those
• 1:11:25
  dates need to be blocked out on, on our side as well to, to so
• 1:11:29
  that people don't double book. And the same with us.
• 1:11:32
  If someone books on with us, those dates need to be blocked
• 1:11:35
  out on Airbnb. So when the calendar integration
• 1:11:39
  comes through, we are able to check if that's legitimate and
• 1:11:43
  if it works, if it's the same property and then we can just
• 1:11:46
  approve it because we know the person that we're dealing with
• 1:11:49
  is the highest of that particular property on the other
• 1:11:51
  website. Gotcha.
• 1:11:52
  And how has the traction been like?
• 1:11:55
  So you know, so Airbnb, you know, I, I'm, I'm Airbnb very
• 1:12:01
  popular with a lot of people. You know, we use it a lot
• 1:12:05
  because we're, we're like a traveling circus when we go to
• 1:12:07
  the conferences and we just bring the entire team and we
• 1:12:10
  bring it, we rent the house essentially.
• 1:12:13
  And like, how has been the market reaction to this?
• 1:12:21
  Has it been successful? Has it taken off?
• 1:12:23
  Do you've seen a lot of interest or is this still like very niche
• 1:12:28
  to Bitcoiners specifically? So in my opinion that the, the,
• 1:12:35
  the attraction that we've got has been amazing.
• 1:12:37
  It's been better than I originally thought it would be.
• 1:12:39
  The reaction from the Bitcoin community has been staggering,
• 1:12:42
  really good. But we got like 5000 followers
• 1:12:46
  within the first month. A lot of but but but, but I
• 1:12:50
  mean, still, if you take, I think there's probably more than
• 1:12:54
  a million Bitcoiners, people who are self identified as Bitcoin
• 1:12:57
  around the world. If you, I think if I had to go
• 1:13:01
  and total up all the views that that we've had probably just
• 1:13:05
  around 150,000 a lot of repeat views as well.
• 1:13:09
  So I still think a lot of Bitcoiners don't know about us.
• 1:13:12
  And obviously a platform like this, we do struggle with the
• 1:13:15
  classic chicken and egg problem where if there's no users to
• 1:13:19
  make bookings, then no one wants to list.
• 1:13:21
  If there's no listings, then there's nothing to book.
• 1:13:22
  So we're trying to slowly bolt our our client base and our user
• 1:13:27
  base up. So we're focusing on getting
• 1:13:29
  more and more listings and we're focusing on Bitcoiners and
• 1:13:35
  Bitcoin destinations between conferences and and other
• 1:13:38
  related events, accommodation in that area, those areas and
• 1:13:44
  Bitcoin travellers slot such as you guys to I'm, I'm hoping to
• 1:13:47
  become the the the Bitcoin travel destination of choice.
• 1:13:52
  Basically where if the Bitcoin wants to travel they would go on
• 1:13:56
  to ABC and see what there is and then choose Bitcoin only or a or
• 1:14:01
  a Bitcoin friendly place to travel to instead of any other
• 1:14:05
  way to to choose you all the day.
• 1:14:07
  Incredible Opti, what's your take on all?
• 1:14:09
  This. Yeah.
• 1:14:10
  Well, I want to first of all just kind of mention on the
• 1:14:14
  whole idea of like a circular economy.
• 1:14:16
  And and I think this is one of those great features.
• 1:14:18
  And on that point, Andre, I know we were talking before the show
• 1:14:21
  of kind of the point of this is to build the circular economy
• 1:14:24
  within Bitcoin networks. And you were you wanted to
• 1:14:27
  emphasize the importance of spend and replace, which might
• 1:14:30
  be a spicy topic for most Bitcoiners.
• 1:14:33
  So let's talk about that for a moment.
• 1:14:35
  Yeah, I intend to be in the forefront of changing between
• 1:14:38
  his opinion about that. Because what I always said to,
• 1:14:42
  to to people is when, if you're only stacking SAT's and sitting
• 1:14:48
  back and you're planning to spend it in 2013 when Bitcoin
• 1:14:51
  reaches $1,000,000, you're going to have a big problem.
• 1:14:56
  Because what are you thinking to do?
• 1:14:59
  Are you going to, if there's no Bitcoin circular economy and you
• 1:15:01
  can't spend the SAT's directly at that stage, you're going to
• 1:15:04
  have to transfer your, your go SE3 bitcoins back onto an
• 1:15:08
  exchange and sell it for Fiat and pay tax and then spin that
• 1:15:11
  Fiat. So I don't think anyone wants to
• 1:15:14
  do that. So if we, if we want to spin the
• 1:15:17
  stats, we need to get the circular economy going and it's
• 1:15:20
  not really rocket science. You don't need to spend your
• 1:15:22
  stack. You can buy Bitcoin, spend it
• 1:15:25
  spin or spin and replace it the same way you would spend Fiat.
• 1:15:31
  It's actually, it's much easier and cheaper to spend, but to go
• 1:15:33
  in and to spend Fiat, especially if you're travelling overseas
• 1:15:36
  and you need to change between currencies and, and all that
• 1:15:39
  stuff. So I mean, we, for some of the
• 1:15:44
  bookings that we've had, I mean, it was a guy from the USA, he
• 1:15:48
  booked in El Salvador, we sitting in South Africa.
• 1:15:52
  So I mean, that guy paid us, we paid the host three different
• 1:15:55
  continents basically all while countries all across the world,
• 1:16:01
  both of those transactions went through lighting network, Both
• 1:16:03
  were incident free. I still don't know who the the
• 1:16:08
  wallet address. If that had to happen in the
• 1:16:10
  legacy field system with banks, it would have been like 30
• 1:16:13
  parties involved is the total cost of doing this transfer of
• 1:16:17
  funds would have been like 8%. So yeah, I mean, they're just
• 1:16:22
  just on on the transactional side of things.
• 1:16:25
  I mean, Bitcoin has already nullified what the legacy system
• 1:16:30
  was. Love it, love it.
• 1:16:33
  OK, Andre, at the hope of keeping the show relatively
• 1:16:38
  short here, what's the final call to action that you want the
• 1:16:42
  audience to get from you? Or what's the final message you
• 1:16:44
  want to leave with the audience? Let's get the last two stats.
• 1:16:49
  Rant away. What's the last message you want
• 1:16:51
  to get to the people? Please go and check out ABTC and
• 1:16:55
  see if you can book or list a property.
• 1:16:58
  I would we would love the the we really need the help to, to get
• 1:17:02
  this thing going that the the community is, is large but
• 1:17:07
  fractured geographically very, very far away from each other.
• 1:17:12
  And I think ABTC can be a way to to pull the Bitcoin community
• 1:17:15
  together and to get it to really help a circular economy get
• 1:17:18
  going. Love it, love it.
• 1:17:20
  And for the audio listener, it's air BTC dot online.
• 1:17:23
  So love it. I, I really hope to see more of
• 1:17:26
  this. I, we, we constantly, I think we
• 1:17:27
  said it last week or I might have said it.
• 1:17:29
  It's like one of the biggest floodlines for Bitcoin is, oh,
• 1:17:32
  it's money, but I can't use it anywhere.
• 1:17:35
  And it's like, well, more and more examples are popping up to
• 1:17:38
  basically tell the world that no, this is actually money and
• 1:17:42
  people want it. So whether it's like, you know,
• 1:17:44
  plane travel or your Airbnb, there is a lot of services out
• 1:17:49
  there. So shouts out to you, Andre and
• 1:17:50
  airbtc dot online. I I think it's a great
• 1:17:53
  initiative. Thanks guys.
• 1:17:54
  Thanks, Remy me to follow us on Twitter on Lobster and we're
• 1:17:57
  also on Orange Bull app. Awesome.
• 1:17:59
  Well, dude, thank you so much for joining us guys.
• 1:18:02
  Go check out AIR BTC dot online it's an alternative to Airbnb
• 1:18:07
  for bitcoiners. Go check it out support the
• 1:18:10
  Bitcoin ecosystem. This was your simply Bitcoin
• 1:18:13
  live episode for September 30th, 2024.
• 1:18:16
  I'm your host, Nico is my legendary Co host, Optimus
• 1:18:20
  Fields and our guest for today, Andre.
• 1:18:22
  Andre is the founder of of air BTC.
• 1:18:25
  Go check out air BTC dot online today.
• 1:18:28
  All right, everybody, if you guys enjoyed the show, you know
• 1:18:30
  to do smash the like button, consider subscribing if you feel
• 1:18:33
  like we provided you value and go outside, touch some grass,
• 1:18:36
  get some sun, eat some steak, enjoy your family and we'll see
• 1:18:39
  you tomorrow for a brand new episode of simply Bitcoin live,
• 1:18:43
  the first episode of October. Peace out, everybody.
• 1:18:49
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• 1:18:51
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