Latest / Simply Bitcoin / How Bitcoin is Quietly Taking Over the World | EP 814

Transcript

How Bitcoin is Quietly Taking Over the World | EP 814 · Simply Bitcoin

• 0:09
  It's all going to zero against Bitcoin.
• 0:13
  It's going up forever. You're against Bitcoin.
• 0:22
  You're against freedom. Yeah, welcome to another episode
• 0:27
  of Simply Bitcoin Live or number one source for the peaceful
• 0:30
  Bitcoin revolution. record-breaking news, culture,
• 0:32
  medical warfare. We will be your guide through
• 0:33
  the separation of money and state.
• 0:35
  Shout out to my legendary cohost and brother for holding it down
• 0:39
  these last couple of days. Go was going through some some
• 0:45
  personal stuff and what I got to say about that is cherish the
• 0:49
  ones you love you know you're sometimes you're not going to
• 0:53
  spend. That's what I got to say.
• 0:56
  Cherish the ones you love. Appreciate them while they're
• 0:59
  still around and and yeah, but anyways, today's going to be a
• 1:04
  great show. We're going to cover the topic
• 1:08
  Bitcoin is taking over the world.
• 1:10
  It really really is it. It was just announced it
• 1:15
  actually. We we covered this initially.
• 1:18
  When it was dropped on Forbes, the article is Oman's bold
• 1:22
  Bitcoin play $1.1 billion investment on Bitcoin mining
• 1:26
  infrastructure. We covered this during the bit
• 1:29
  block boom episode. That episode was a little,
• 1:31
  little interesting because we were backstage and we had to
• 1:34
  talk in like golf voices and stuff.
• 1:36
  But the reason that this is so big and we're going to dive into
• 1:39
  the details of this, the significance of this because it
• 1:42
  is very, very significant, is going to make the minute I'm
• 1:45
  going to make the case for you guys.
• 1:47
  That bitcoins incentives stay Winning bitcoins incentives are
• 1:51
  quietly taking over the world. This isn't, this isn't just had.
• 1:56
  This didn't just happen in Oman. It was a couple months ago where
• 2:01
  we were. We covered it for you guys.
• 2:03
  Also an article from Forbes. The headline is the Kingdom of
• 2:07
  Bhutan has been quietly mining Bitcoin for years.
• 2:12
  Right. So you have, and this is the
• 2:14
  case that we were making, we made this when this initial news
• 2:17
  came out of Bhutan, we were trying to tell you guys like,
• 2:20
  look, this will most likely happen in other countries.
• 2:24
  Boom. It just happened in other
• 2:25
  country. And why is that?
• 2:27
  Why Bitcoin, right? Well, because Bitcoin monetizes
• 2:31
  it. It gives stranded energy value,
• 2:34
  right. Nothing in the world does that.
• 2:37
  Bitcoin does that. So countries that perhaps they
• 2:40
  didn't care about Bitcoin in Oman, it's just a it's a heavily
• 2:46
  Muslim country. You can say it wasn't it.
• 2:50
  It wasn't appropriate for them to use a currency like Bitcoin.
• 2:55
  Well, they changed their minds on that, right?
• 2:57
  And this is a testament to show bitcoins incentives and how you
• 3:02
  can't resist them. And also there's this post by
• 3:06
  Jimmy Song. I'm going to see if I could pull
• 3:09
  it up, but he was basically covering the news coming out of
• 3:14
  of BlackRock and a lot of people were were a little bit worried
• 3:18
  that BlackRock was going to kind of infect Bitcoin and all that.
• 3:24
  And I never forget this quote from Max Kaiser.
• 3:28
  And the quote was basically like you don't change Bitcoin,
• 3:31
  Bitcoin changes you. And and and and I really think
• 3:35
  that's true, right. And I think it it, you know, it
• 3:38
  was originally sourced in the Satoshi white paper or maybe it
• 3:45
  was a Satoshi white paper, but it it went something like this,
• 3:48
  right? You're more incentivized to play
• 3:52
  by Bitcoins rules than you are to try to cheat it, right?
• 3:57
  So when you see these countries getting excited, when you see
• 4:01
  these countries wanting to partake, wanting to benefit from
• 4:05
  you know number go up technology and these crazy incentives.
• 4:10
  You know the question that I have the the the the statement
• 4:13
  that I have for you guys, you know it it it's not governments,
• 4:18
  it's not governments that are going to try to fix Bitcoin or
• 4:21
  try to coop Bitcoin. It's Bitcoin that is going to
• 4:25
  coopt governments and that is because.
• 4:27
  It is a system of aligned incentives, and it is a system
• 4:31
  that rewards you more by playing by the rules than by trying to
• 4:37
  cheat the system. And I think that this is a
• 4:41
  phenomenon that's going to be very strange to people because
• 4:44
  you're used to a lot of these, you know, huge continuing air
• 4:48
  institutions or these huge countries that have these
• 4:51
  massive governments, these massive bureaucracies.
• 4:55
  Doing bad by their people. But I wouldn't say that it's
• 4:59
  necessarily because these are evil people and they're twirling
• 5:03
  their mustaches and they're scheming.
• 5:05
  And they're saying like, ha ha ha, like, you know, like we're
• 5:09
  going to, we're going to do it. We're going to do like these bad
• 5:11
  things. And you know, we're going to
• 5:13
  screw these people. We're going to enslave people.
• 5:15
  What I think you're seeing is. The result of a broken
• 5:20
  architecture of of the broken architecture that is Fiat.
• 5:23
  The misalignment of incentives, that is Fiat.
• 5:27
  So when we say fix the money, fix the world, I do not think
• 5:32
  that's it. That's, and that's an
• 5:33
  overstatement. I really believe that because I
• 5:36
  think that if you fix the base layer, if you fix the incentive
• 5:40
  structure of the world where everyone can win.
• 5:44
  You start incentivizing good behavior, and I think you've
• 5:47
  seen this in El Salvador. I do not think it's a
• 5:50
  coincidence. I'm sticking by my word and I
• 5:52
  know I got a lot of Flack on this, but I've talked to Jimmy
• 5:55
  Song about this. I talked to Max Kaiser about
• 5:57
  this when we were at Bit Block. Boom.
• 5:59
  And I'm sticking by it. I do not think it's a
• 6:02
  coincidence that in the first country that made Bitcoin legal
• 6:06
  tender, the elected official is actually doing the job of which
• 6:11
  he was elected to do. And my case, my theory for that
• 6:16
  is because you have a society where the incentives are now
• 6:19
  aligned. You have a society where the
• 6:21
  base layer is now based on truth, it's not based on lies
• 6:26
  like it is in Fiat. And I think that all the evils
• 6:30
  that a lot of people will interpret it as evil that you're
• 6:33
  seeing out of the world, economic former like I like to
• 6:37
  call it, the continuing air conference.
• 6:39
  Or, you know, a lot of these, these people call the deep
• 6:42
  state, called the administrative state because it's right up in
• 6:45
  your grill these days. These actions that are, they
• 6:49
  seem counterintuitive like and we're going to play you a video
• 6:52
  of of Mitch McConnell in the second during the number segment
• 6:55
  where you know they're sending billions of dollars to fund
• 6:58
  wars, but then there's homeless people on the streets in their
• 7:02
  countries. I don't think that's because
• 7:05
  these people are inherently evil.
• 7:07
  They're just incentivized to do that.
• 7:11
  Why? Because of Fiat and it like,
• 7:14
  think about it, if you're a politician, you get elected.
• 7:18
  What are you incentivized to do? Are you incentivized to do good
• 7:21
  by your constituents? No.
• 7:24
  You're incentivized to get as close as humanly possible to the
• 7:26
  money spicket if you fix the money, right?
• 7:29
  If you if you have a sound money, society and politicians
• 7:33
  don't have this. Elite privilege of being able to
• 7:37
  create money for free that everyone else has to work for.
• 7:39
  What is their only other mechanism of raising money or
• 7:44
  staying employed? They have to go directly to to
• 7:48
  their constituents and say, listen, I have an idea I'm going
• 7:51
  to raise taxes in order to pay for this, right?
• 7:55
  But the way that they're able to do it now is they're able to
• 7:57
  kind of do this sneaky like roundabout, you know, and they
• 8:03
  tax people. Via indirect taxation, silent
• 8:07
  taxation that people are not aware of.
• 8:10
  And I'm talking about the taxation of inflation, right?
• 8:13
  So Bitcoin truly does fix the world, but it's just fascinating
• 8:18
  to me and it's super privileged to be able to have to to be able
• 8:22
  to talk about this every single day with you guys that we're
• 8:27
  seeing countries that you would never think.
• 8:30
  That they would adopt Bitcoin or invest heavily into mining
• 8:34
  infrastructure, invest into it. It's because bitcoins incentives
• 8:39
  are absolutely irresistible and this is something that we've
• 8:42
  been theorizing for years now and simply Bitcoin.
• 8:45
  And I think you're going to see more and more countries follow
• 8:47
  suit. We have Oman, we have the
• 8:49
  Kingdom of Bhutan. And all the other countries that
• 8:51
  I'm sure you're not aware of right?
• 8:53
  We have massive miners in Russia.
• 8:55
  An article came out in China that it's estimated that between
• 8:58
  15 to 20% of the hash rate is still located in China, even
• 9:02
  though it's literally illegal there and you will literally be
• 9:04
  locked up in prison. But people can't resist bitcoins
• 9:08
  incentives. And This is why I believe
• 9:10
  Bitcoin will win at the end of the day.
• 9:12
  Because all they have left, the party of Green, the party of
• 9:15
  Fiat, central bank, digital currency, slavery, they have
• 9:18
  coercion. On our side, we have incentives.
• 9:23
  Remember when the CCP banned Bitcoin mining within their
• 9:26
  borders? The hash rate dropped.
• 9:27
  I believe it was a big reason as to why we didn't hit 100K last
• 9:30
  cycle. The Bitcoin hash rate recovered
• 9:34
  within nine months, and now it's making all time highs.
• 9:37
  There was no central authority. There was no CEO of Bitcoin.
• 9:42
  There was no foundation telling those minors hey, you need to
• 9:46
  relocate to the United States to keep the network up and running.
• 9:49
  No, it was profit incentives at alone that drove those minors to
• 9:55
  relocate to a friendlier jurisdiction.
• 9:59
  Those are crazy incentives. It it's almost as if, like
• 10:03
  Bitcoin is this artificial intelligence that has coopted
• 10:06
  human greed in order to ensure its survival.
• 10:09
  I don't know. But I've never seen that before.
• 10:13
  And you have again what we're going to talk about today with
• 10:15
  Oman or the Kingdom of Bhutan, specifically Oman, you have a
• 10:20
  heavily Islamic country that you could say it's Haram.
• 10:24
  You could have made the case that Bitcoin was Haram.
• 10:26
  You can't do it in their faith, in their religion.
• 10:29
  And now on this, on this Forbes article, they're literally
• 10:32
  saying, no, actually Bitcoin is acceptable in the Islamic faith,
• 10:35
  right? It's absolutely crazy.
• 10:37
  This is bitcoins incentives, and this is literally why we will
• 10:41
  win this thing. Anyways, no more delay.
• 10:43
  I went on a bit of a long monologue and I apologize.
• 10:47
  Well, you know, you know what, Nico Nico monologue goes long
• 10:50
  that it's going to be a lit show.
• 10:52
  You know that's when Nico is very very excited about the
• 10:56
  topic. So you know good to have you
• 10:58
  back, bro. It's it's good to be back and
• 11:00
  then hold on before we go before we go on.
• 11:02
  Nico, I love you, bro. I I know you always get mad at
• 11:04
  me because I don't tell you I love you enough.
• 11:09
  Love you, bro. Love you, bro.
• 11:10
  Good to have you back. Good to be back.
• 11:12
  And and yeah, this is something that we've been covering here on
• 11:15
  the show for a minute. We've been talking about this in
• 11:17
  Twitter spaces for a while that people are going to be
• 11:21
  blindsided by the amount of interest that's going to come
• 11:27
  from the Middle East in regards to Bitcoin.
• 11:29
  They they have so much energy out there that it it's it's a
• 11:33
  match made in heaven to say the least and and I'm sure we'll
• 11:35
  we'll talk about that more on today's spaces.
• 11:37
  I see my boy Mike Hobart in there already and we'll probably
• 11:40
  double down on that idea. But yes, culture Nico, on the
• 11:43
  culture today I kind of again sometimes we we're In Sync
• 11:48
  without being In Sync and pun and today's culture I kind of
• 11:55
  want to maybe have a little discussion on the idea of are we
• 11:59
  early. I have some good tweets here.
• 12:00
  I have some some blueprints some outlines of of becoming a
• 12:04
  bitcoiner of what's going on in the world and everything we've
• 12:06
  been covering. You know I just want to I want
• 12:09
  to ask you guys are we early, are we not Maybe I'll I'll drop
• 12:12
  in the poll while Nico gets the show started.
• 12:15
  But man, good to have you back. Good to be back man and and also
• 12:19
  shadow thanks for holding it down and Opti was was in the
• 12:24
  driver seat in the host for a record live stream and simply
• 12:29
  bitcoins history 430 live people 430 people watching live on
• 12:36
  YouTube. You know, if you combined
• 12:37
  everything, I think was more than 6 to 6 to 700 people
• 12:40
  watching live, that is incredibly humbling.
• 12:43
  Thank you guys. And Opti was at the helm.
• 12:45
  Hey bro, it's just it was a good title and the price pump.
• 12:48
  That's how it was. I might have helped with the
• 12:50
  subject matter a little bit. Might have a little bit.
• 12:54
  But still optional genius. You're still the there's still
• 12:57
  the genius behind the madness. Opti was still, you know, the
• 13:00
  helm of the helm at the ship and you know he was still the host.
• 13:04
  And that is that's that's freaking awesome.
• 13:06
  That's incredible. So shout out to Opti. 202
• 13:10
  hundred likes within the first hour.
• 13:12
  Also a record. Speaking of that guys, if you're
• 13:14
  enjoying the show, smash that like button.
• 13:16
  Help us break 100 likes within the first out.
• 13:19
  Within the first hour it tells the YouTube algo to to push the
• 13:24
  orange signal. So anyway, it's going to be a
• 13:26
  great show. Happy, happy, happy to be back.
• 13:30
  No more delay guys, just jump straight into it.
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  At the time of recording the Bitcoin price is 26,565 sats per
• 15:03
  dollar 3765 block height 805,609 blocks to having 34,391 having
• 15:12
  estimate April 21st, 2024 Total Lightning Network capacity 4660
• 15:17
  Bitcoin. Capacity value 123 million U.S.
• 15:21
  dollars. Realize monetary inflation
• 15:22
  1.75%. Market capitalization $517
• 15:26
  billion Bitcoin versus gold market cap 4%.
• 15:31
  And that number will continue to go up and the realize monetary
• 15:34
  inflation will continue to go down forever, forever and ever
• 15:39
  and that will continue to embarrass Fiat currencies.
• 15:42
  Anyways, I want to talk about this.
• 15:44
  Before I talk about this, I I just want to emphasize this.
• 15:47
  We all get old. You know, it's it's just the
• 15:51
  natural cycles of life. And I'm not making fun of, you
• 15:54
  know, his his ability to you know, because he froze and he
• 15:59
  wasn't able to come up with sentences and and and stuff like
• 16:03
  that. You know, it all, it all
• 16:06
  happens. It happens.
• 16:07
  You know, that's that's it's sad.
• 16:09
  But the question that I have for you guys is, should these be the
• 16:14
  people that we really want in charge?
• 16:17
  Because if you don't opt into Bitcoin, you're dealing with
• 16:20
  political money and this is the, you know this is the head of the
• 16:25
  Senate Republicans. He has a tremendous Mitch
• 16:27
  McConnell. He has a tremendous amount of
• 16:29
  influence. In fact before I play you guys
• 16:33
  the video you know he he's he's a big defender of sending the
• 16:38
  aid to Ukraine. So sending $28 billion was that
• 16:42
  was just the last one? To fund a war thousands of miles
• 16:46
  away that could potentially lead to nuclear armed conflict.
• 16:51
  And these are the these are the people telling us what to do.
• 16:54
  Like I I I tweeted this out this morning when I saw this video
• 16:57
  and we played you a video last week of Senator Lindsey Graham
• 17:01
  Senator Elizabeth Warren And there was another senator
• 17:05
  literally shaking hands with President Solinsky patting him
• 17:08
  in the back like as if they're boys.
• 17:10
  And then Lawrence the part I I tweeted it.
• 17:12
  And the Lawrence the Park quote tweeted it.
• 17:14
  And he said something super funny.
• 17:15
  He said, we're all getting fucking rich here, you know?
• 17:18
  And of course, like, where is that money going to Ukraine?
• 17:21
  Like, why is it that these types of politicians that are
• 17:23
  supposedly on government salary are worth 10s of millions of
• 17:26
  dollars? Like, where is that coming from?
• 17:30
  Like, it's obvious. So this is this is what it is.
• 17:34
  This is what it's all about. This is the separation of money
• 17:37
  in state. And remember that printing money
• 17:39
  it's not free of cost. Like every time they print money
• 17:44
  to wealth redistribution mechanism from the lower and
• 17:46
  middle classes that do not have the means to save an assets back
• 17:50
  to the very wealthy that do have the means to save an assets.
• 17:53
  But again, it's not their fault, but more specifically back to
• 17:55
  the government. It allows the government to
• 17:57
  spend money that they don't have at the cost of everyone who's
• 18:02
  holding U.S. dollars. This isn't just people in the
• 18:04
  US. But this is people, this is
• 18:08
  countries all over the world, which is why countries want to
• 18:10
  get off, you know the the, the dollar as as the global reserve
• 18:13
  currency. But this has effects, This hurts
• 18:16
  the middle class. Look, we've pulled you, we've
• 18:19
  pulled up the website for you guys what the F happened in 1971
• 18:24
  and look, work productivity has increased by 246% but
• 18:30
  compensation has remained relatively stagnant.
• 18:33
  That is absolutely crazy. And why is that?
• 18:36
  Why is that the misaligned incentives of the Fiat system
• 18:42
  fix the money, you fix the world?
• 18:43
  Anyways, I'm going to play you guys this video.
• 18:45
  Like I said, it's really sad and I'm not trying to make fun of,
• 18:49
  you know, his age or his cognitive decline.
• 18:52
  It's totally normal. The guy's 81 years old.
• 18:55
  But the question that I have for you guys is like if your if you
• 19:00
  are not saving in Bitcoin, if you're not using Bitcoin as
• 19:02
  money. This is who you're dealing with.
• 19:05
  This is, this is political money.
• 19:07
  And I think that this is a personification like this.
• 19:10
  This is a metaphor to the current system.
• 19:14
  This represents the current system.
• 19:17
  And do we really want to live in a world, like I said, that our
• 19:20
  leaders can't come up with full sentences.
• 19:24
  And mind you, this isn't just Mitch McConnell, this is Joe
• 19:26
  Biden as well. And again, look, it's
• 19:28
  bipartisan. It's Republican and Democrat,
• 19:30
  right? Like these are the people in
• 19:32
  charge. They're getting stinking rich.
• 19:35
  All the rest of us get poor and it's it's like it's it's a total
• 19:39
  injustice. Anyways, let's play the clip one
• 19:42
  of my. Thoughts about what?
• 19:43
  Running for reelection in 2026? Did you hear the question,
• 19:55
  Senator? Running for reelection in 2026?
• 20:02
  All right, I'm sorry, you all. We're going to need a minute.
• 20:21
  Okay. So, like, so, like, you know,
• 20:28
  and and again, like, it's metaphoric in a way.
• 20:32
  Like it's like, what are your thoughts about running for
• 20:33
  reelection? And the dude can't even answer
• 20:36
  the question in the first place. So who's really making the
• 20:39
  decisions? Who's really making the
• 20:42
  decisions, right, Because apparently that's the head of
• 20:45
  the Republican Party, right? Like, so who's really making the
• 20:48
  decision? That's that's really big
• 20:50
  question, right? If you don't opt into Bitcoin,
• 20:54
  or better said you don't opt out into Bitcoin, this is the
• 20:58
  political money that you have to deal with.
• 21:00
  Like this is it right there? This is clown world.
• 21:04
  This is what it is. This is the world under a Fiat
• 21:07
  standard, a system of injustice. And again, I don't think that
• 21:13
  these people are particularly evil.
• 21:15
  Maybe Klaus Schwab, you can make an exception.
• 21:17
  You could say okay, that dude's evil.
• 21:18
  Maybe, maybe okay. But I think that the majority of
• 21:21
  people, whether it's bankers or these people, they're just
• 21:25
  trying to pay their mortgages like the rest of us.
• 21:27
  Do you really blame them for trying to do the best for their
• 21:31
  family? The The thing is, is that,
• 21:33
  again, we live in a system that incentivize theft.
• 21:35
  Max and Stacy were talking about this during the block boom when
• 21:38
  we we had them at the news desk. We live in a system that
• 21:41
  incentivizes theft. Like it's normalized theft.
• 21:45
  Like it shouldn't be so it should not be surprising to
• 21:49
  anybody. So yeah, man, this is this is
• 21:52
  crazy and it's sad at the same time.
• 21:57
  Like, this is really, really sad, man.
• 21:59
  This happens like people, people get when you get old, when
• 22:03
  you're 81 years old, Do you really think you should have
• 22:07
  that much power? Do you think you should have
• 22:09
  that much influence? That's it's my question.
• 22:13
  Like I I think it's common sense and then kind of tie it back
• 22:17
  into Bitcoin, because we are Bitcoin show after all.
• 22:24
  Like, do you, do you enjoy using the dollar?
• 22:28
  Like, these are the people in charge, you know, it's insane.
• 22:33
  And remember, they benefit. They benefit from the money
• 22:36
  printing. They benefit from the money
• 22:37
  printing. You don't, but they do, right?
• 22:40
  So it's just crazy, man. I don't know what else I have to
• 22:43
  say about that. It's just it's kind of sad,
• 22:45
  Opti. Like it's sad seeing him
• 22:46
  struggle. But again, like I said, it's
• 22:49
  kind of a metaphor. Like in the question where they
• 22:52
  asked him, are you planning to run for reelection, He literally
• 22:54
  freezes and can't even answer the question.
• 22:56
  And these are the people in charge these this is, this is
• 22:59
  political money like this. When you opt into using the US
• 23:02
  dollar, that's what you're opting into.
• 23:05
  It's just crazy, man. Very, very.
• 23:07
  It's very sad. Not making fun of him.
• 23:10
  And that happens to everyone we all age, right?
• 23:13
  But at the same time, dude, like something's broken, bro.
• 23:16
  You can't. You can't say.
• 23:17
  You can't you can't look at that and be like yeah, that's OK you
• 23:21
  know, that's fine. And and and who's in charge Like
• 23:24
  who? The Who, the F is in charge.
• 23:25
  That guy isn't making decisions. So who's making decisions?
• 23:30
  Like I don't know man. Some some really interesting
• 23:33
  shit's happening lately but it definitely gives us time that
• 23:36
  gives us a lot of stuff to talk about and next year's the
• 23:39
  election and holy shit is going to give us a lot to talk about
• 23:43
  too. Anyways, AFTI, what are your
• 23:45
  thoughts, bro? Yeah, so of course, like having
• 23:49
  a little humanity. This is extremely sad.
• 23:52
  And I know, I know, we don't like politicians and and we
• 23:55
  don't like what politicians do and all that stuff.
• 23:57
  But it is obviously extremely sad to see someone you know, old
• 24:03
  and senile and then be paraded in front of the cameras and
• 24:07
  stuff and him just having these mental breakdowns.
• 24:09
  Like of course, first and foremost it's extremely sad and
• 24:12
  we've seen this happen by I don't even know how many
• 24:15
  examples of politicians this year that it's just incredible
• 24:18
  that this is where we are and and this is the Fiat system we
• 24:21
  live in. Like we are being ruled by the
• 24:23
  geriatric class like they are so out of touch.
• 24:25
  And and again, not to be like an ageist here, but you can tell
• 24:29
  not only are there their cognitive abilities for a lot of
• 24:32
  these people that have been in power for career politicians,
• 24:36
  you can tell just how out of touch they are with with the
• 24:38
  technological nature of where we are in the world.
• 24:41
  And and they really are stuck in an old paradigm.
• 24:44
  And that's that's like not even adding on to the fact that it
• 24:48
  seems like a lot of them are senile.
• 24:50
  And again, this is part of the Fiat problem where if you get
• 24:54
  close to the money printer, if you get into these seats, you're
• 24:57
  basically a career politician. And what's that mean?
• 25:00
  You know you're basically bought and paid for by the highest
• 25:02
  bidder and it really does make you ask and wonder the question
• 25:05
  and not to be tinfoil hat guy here on the show, but it really
• 25:10
  makes you or begs the question like who is actually in control
• 25:13
  because these people are obviously not running the ship
• 25:16
  like what is going on. I don't think it's a shadow
• 25:30
  government dude. And I I know we talked about the
• 25:19
  bureaucratic state on the show a lot and that there is some kind
• 25:23
  of, I don't know if we want to say shadow government, but
• 25:26
  there's someone that's actually pulling the string because you
• 25:28
  can tell I. A lot of.
• 25:32
  People, a lot of people say deep state, deep state, this deep
• 25:34
  state that like, I don't think. It's a deep state like it's it's
• 25:37
  it's an administrative state, meaning it's an unelected
• 25:40
  bureaucracy that stays in power whoever gets elected, right?
• 25:43
  And what is the source of funding of that bureaucracy?
• 25:47
  The Fiat money printer. the US government spends $1 trillion
• 25:52
  every single year more than it collects.
• 25:54
  As in tax revenue, even though the government collects is more
• 25:58
  tax revenue year after year. Right.
• 26:02
  So when they have this thing, it's like it's like we don't
• 26:05
  have a tax collecting problem. We have a spending problem.
• 26:08
  But do you blame them if they have a credit card with
• 26:13
  absolutely no limits, they could just keep spending?
• 26:16
  Like, do you really blame them for doing so?
• 26:18
  What is what? What is 28 billion for them?
• 26:22
  There is no cost of production. It's nothing.
• 26:24
  They're just like, you know, the Federal Reserve could just print
• 26:27
  it. It's fine.
• 26:29
  You know, and though I I already hear, I already, I already hear
• 26:32
  the devil like the the opposite discussions.
• 26:35
  Like the Federal Reserve is separate from the, you know,
• 26:38
  from the state. It's an independent no, it's
• 26:40
  not. Every single time they want to
• 26:43
  spend money, the Federal Reserve placates them and gives them the
• 26:46
  money. Right, so it it's just a bunch
• 26:49
  of bullshit, bro. That's what I gotta say.
• 26:51
  But anyways, this is what before it's for though.
• 26:54
  And yeah, yeah, yeah. Before we go on, this whole
• 26:56
  discussion kind of reminded me of this meme I saw and it was
• 27:00
  something on the lines of like the the Fiat world cannot
• 27:05
  compete on the free market. And, you know, if we kind of
• 27:09
  correlate that idea with with, you know, Mitch here and his
• 27:13
  seemingly senile collapses, mental breaks, it's like, who
• 27:18
  would you rather have actually being in control?
• 27:20
  If politicians were actually there to hold their oath, you'd
• 27:23
  want someone that is cognitively there, that is a leader that
• 27:26
  knows what they're doing, that isn't detached from reality.
• 27:29
  And as you can tell, like the Fiat world, the canty on insider
• 27:33
  effects that the career politicians like, they don't
• 27:36
  have to actually compete on the free market.
• 27:38
  As long as they have their buddies in charge that are
• 27:40
  paying and lobbying for them, they'll stay in there until
• 27:43
  they're literally cadavers. Like, what's that one girl like?
• 27:46
  Again, not to be A and ages, but the other lady like Fenstein or
• 27:49
  something. Literally, like she's like 91.
• 27:51
  Literally looks like a cadaver. But again, like, we're not
• 27:55
  trying to be ages and we're not trying to be mean.
• 27:57
  It's just cool this is. Going to be this is going to
• 27:59
  happen to each and every single one of us.
• 28:00
  We're all mortal. But the question that we're
• 28:03
  posing is, first of all, these people are clearly not in
• 28:07
  charge, right? Like they can't.
• 28:08
  They can't even put sentences together #1 #2 like.
• 28:14
  Should they be in charge in the 1st place, You know, like that
• 28:18
  that that's a big, that's a big question, right.
• 28:20
  So like and I know a lot of people are like I was seeing a
• 28:22
  lot of people that were tweeting that video and they're saying
• 28:25
  term limits, term this look that's a Band-Aid.
• 28:29
  That's a Band-Aid. You're not fixing the root
• 28:31
  cause. The root cause is broken money.
• 28:34
  The you fix broken money, you fix these problems.
• 28:37
  Even if this politician was still in office somehow.
• 28:41
  Right. At 81 or 82 years old, they
• 28:43
  wouldn't be able to do the damage that they do now because
• 28:46
  the only way they'd be able to raise money it on a sound money
• 28:50
  standard is through direct taxation.
• 28:53
  So they'd actually have to look to their constituents and say,
• 28:56
  listen, I want to send $28 billion to Ukraine, I'm going to
• 29:00
  raise your taxes. If I guarantee you right,
• 29:03
  everyone's like, I'll support you.
• 29:04
  Can I guarantee you when you say that argument people going to be
• 29:07
  like? I I don't think that's a very
• 29:12
  good idea. Right?
• 29:13
  But as long as they can print it right and people are not aware
• 29:16
  of it, they're not aware of the fact that when they print money,
• 29:19
  it's taxation. This will continue to happen.
• 29:23
  And this is like literally the cause of Clownworld, like the
• 29:25
  stuff that you see around you. The degradation of society is
• 29:29
  literally caused by this crazy power of being able to create
• 29:34
  money for free that everyone else has to work for.
• 29:37
  Bitcoin fixes this, but it falls onto us right as individuals to
• 29:41
  really, really push this forward and to convince people around
• 29:45
  you, you know it's not left verse right?
• 29:47
  It's not red verse blue. It's the party of orange, the
• 29:50
  party of freedom, peace, Bitcoin prosperity versus a party of
• 29:54
  green, the party of nihilism, poverty, slavery, central bank,
• 29:59
  digital currencies and Fiat. Anyways, that's what I got to
• 30:02
  say about that. I know it went a little bit
• 30:04
  over. It is my first show back.
• 30:05
  Guys, let's jump straight into news.
• 30:07
  We've got a lot to talk about. Let's check it out.
• 30:12
  The Daily News. All right, guys, I wanna give a
• 30:18
  shout out to a Bitcoin evangelism.
• 30:21
  It is a book written by Brian De Mint of the Orange Pilap.
• 30:27
  The Great Tatum Turnip once said Bitcoin evangelism is like if
• 30:30
  the Bitcoin standard and Bitcoin for Dummies had a baby.
• 30:33
  Have you ever struggled to answer your skeptical no coiners
• 30:36
  friends objections? Or maybe you answered answered
• 30:38
  it perfectly but just didn't understand what you said.
• 30:42
  Bitcoin evangelism will equip you with an arsenal of simple
• 30:45
  illustrations to help articulate the tenants of Bitcoin to
• 30:48
  anyone. Boomer neighbor?
• 30:49
  Check. Aunt Edna who is worried about
• 30:51
  Bitcoin being the currency of the Antichrist?
• 30:53
  Check. Annoying dude from work that
• 30:55
  rubs it in your face Anytime the price of Bitcoin is down, check
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  What about your crypto friends? Bitcoin Evangelism is the most
• 31:01
  comprehensive Bitcoin only book for the entire altcoin casino
• 31:05
  that will reverse the effects of the crypto brown pill and help
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  more people see a bright orange future.
• 31:11
  Bitcoin Evangelism is an Amazon bestseller.
• 31:14
  All you got to do is scan the QR code on your screen to grab a
• 31:17
  copy today. Get it?
• 31:19
  Bitcoin evangelism. Planting the seed for a
• 31:22
  Decentralized revolution. Absolutely love that name.
• 31:25
  Anyways, guys, let's move on to the news for today.
• 31:28
  We got a lot to talk about. We got to talk about Oman Man,
• 31:32
  Oman. Oman's coming in hot and it's
• 31:34
  always these countries that you would never expect.
• 31:37
  So let's actually start with that article first before I get
• 31:41
  to the bit from Jimmy Song. That I was talking about during
• 31:44
  the open opening monologue. So there's an article from
• 31:47
  Forbes and says Oman's bold Bitcoin play $1.1 billion
• 31:53
  investment on Bitcoin mining infrastructure.
• 31:55
  It goes on to say Sheikh Mansoor bin Talib bin Ali Allah Hani,
• 32:02
  I'm sorry but that's really hard to pronounce.
• 32:05
  Chairman of Oman's Authority for Public Services Regulations
• 32:08
  publicly commented any press release.
• 32:10
  About his nation's government support of privately owned
• 32:13
  Bitcoin mining facilities, which are set to attract a total of
• 32:16
  investment of over 1.1 billion U.S. dollars.
• 32:20
  Quote This initiative aligns with our goal to diversify our
• 32:23
  economy, integrate integrating modern technologies, while
• 32:27
  uphold upholding our commitment to ethical and sustainable
• 32:32
  practices. Givens Oman's conservative
• 32:35
  nature and its emphasis on Islamic law, introducing a
• 32:38
  concept as disruptive as Bitcoin mining, required significant
• 32:42
  deliberation. But after rigorous regulatory
• 32:45
  discussions that started back in 2019, the government of Oman
• 32:50
  eventually found Bitcoin to be in line with Islamic law,
• 32:53
  accepting the modern innovation into Oman's deep rooted
• 32:57
  traditions. That's right.
• 33:01
  Bitcoins incentives, they're so fucking powerful that it's like,
• 33:06
  yes, Opti is it? Is it when something's bad, is
• 33:09
  it Haram? Or is it the other way around?
• 33:11
  Yeah, yeah, Bitcoin is halal. Bitcoin is halal, right?
• 33:15
  Bitcoins. Incentives.
• 33:17
  It is so crazy how much this moves things.
• 33:21
  Again, if you look at it like just in Oman, it could be an
• 33:25
  offshoot, but this is happening worldwide.
• 33:29
  Right. Whether it's in China, where
• 33:31
  they banned Bitcoin mining, you know, whether it's in Texas,
• 33:35
  wherever it is, like you look at Bitcoin.
• 33:37
  You're like, you know what, I'm deeply Islamic.
• 33:40
  I'm deeply Muslim. But it's HALA.
• 33:43
  You know, this is work. This works, right?
• 33:46
  This is incentives. You're watching it.
• 33:48
  And this is what we're going to win, by the way, goes on to say
• 33:52
  our project transcends the boundaries of traditional mining
• 33:55
  data centers by synergizing purposebuilt hardware.
• 33:58
  Hyperscale abilities and smart energy consumption.
• 34:01
  We're building a robust framework that is both
• 34:04
  innovative and sustainable. In line with Oman's 2040 vision,
• 34:08
  Bitcoin as a counters A cornerstone of Oman's economic
• 34:12
  future. Stepping back, the Sultanate of
• 34:15
  Oman, a country known for its diverse terrain of desert
• 34:18
  mountain ranges and long coastlines, holds a strategic
• 34:21
  position on the southeast tip. Of the Arabian Arabian
• 34:24
  Peninsula. It's a small country of 4.5
• 34:27
  million with a rich history of a glorious past.
• 34:31
  It goes on to talk about Oman's past.
• 34:33
  Then it goes on to say Oman has the lowest GDP among the oil
• 34:36
  rich Gulf Cooperation Council countries.
• 34:38
  Although the unemployment rate is only 3.7%, the employment
• 34:43
  opportunities compared to the neighboring UAE are not as
• 34:46
  abundant or prestigious. It goes on to say technology
• 34:49
  projects like this one aim to change that.
• 34:53
  Oman does have oil reserves, constituting about 70% of its
• 34:56
  revenue and nearly 30% of its GDP.
• 34:59
  However, with global shifts towards a digital economy and
• 35:02
  the decline of oil's dominance, Oman must set its sales on a
• 35:06
  journey away from oil. And it's absolutely crazy that
• 35:10
  they're looking for Bitcoin to do just that.
• 35:13
  In this context, Aman's Aman's forward thinking vision has
• 35:16
  paved the way for Exaherts, a home growths, A homegrown
• 35:20
  startup to take center stage in the digital evolution.
• 35:24
  The ambitious establishment of a pilot Bitcoin mining site of 11
• 35:27
  megawatts capacity coupled with ambitious plans to expand to 800
• 35:32
  megawatts backstage by staggering budget of 1.1
• 35:36
  billion. Signifies more than just a
• 35:38
  technological advancement. It lays the groundwork for the
• 35:41
  technology infrastructure of the future.
• 35:43
  This has been a long time coming.
• 35:45
  Exahurs received its license from local regulators in
• 35:48
  September 2022 and delivered an operational pilot within 22
• 35:53
  days. All right, so again, you would
• 35:55
  say Nico this is just an offshoot, Oman just, you know,
• 35:58
  oman's feeling like Michael Saylor.
• 36:00
  They want to experiment. They want to try something
• 36:02
  different. But again, this isn't just
• 36:04
  happening in Oman. This happened.
• 36:06
  In the Kingdom of Bhutan as well, right?
• 36:09
  This article came out April 30th, 2023.
• 36:12
  We covered it when it came out. The title of the article is The
• 36:14
  Kingdom of Bhutan has been quietly mining Bitcoin for
• 36:16
  years. It goes on to say, beneath the
• 36:18
  Himalayas, rivers fed by ancient glaciers.
• 36:21
  Supply the tiny Kingdom of Bhutan with immense stores of
• 36:25
  hydroelectricity. The renewable resource has
• 36:28
  become an economic engine, accounting for 30% of the
• 36:31
  country's GDP and fueling the homes of nearly all of its
• 36:35
  800,000 residents. But for the past few years,
• 36:38
  Bhutan's royal government has been quietly devising a new use
• 36:42
  for these reserves, powering its own Bitcoin mine.
• 36:46
  So you have two countries. With totally different cultures,
• 36:51
  different religions and they cannot resist bitcoins
• 36:55
  incentives. It's also happening El Salvador
• 36:58
  also happening in also happening in in in in Texas and also Opti
• 37:06
  covered an article a couple days ago that BlackRock was a major
• 37:10
  shareholder in four of the five largest publicly traded Bitcoin
• 37:14
  mining companies. So what I think you're seeing is
• 37:18
  like I said. Bitcoins, Incentives and here's
• 37:21
  this great tweet phenomenal tweet by Louis D Williams and he
• 37:30
  quote, tweeted for audio listeners a picture of a
• 37:33
  Financial Times article or like Opti likes to call it a Fiat
• 37:36
  Times article where it's a picture of Larry Fink and the
• 37:42
  edit The headline of that article says BlackRock support
• 37:45
  for climate and social resolutions falls sharply.
• 37:49
  And then as safety and says it best expectations BlackRock will
• 37:52
  subvert Bitcoin, Reality Bitcoin will subvert BlackRock.
• 37:59
  It's going on to say it's worth considering that the possibility
• 38:02
  that Bitcoin won't be attacked by the powers that the powers
• 38:06
  that be. Because staking stacking SAT has
• 38:09
  a higher long run expected return than running an evil
• 38:13
  empire that owns everything and turns everyone into a dead
• 38:16
  slave. And by the way, this was
• 38:18
  originally cited in the white paper.
• 38:21
  It goes on to say the incentive may help encourage nodes to stay
• 38:25
  honest. If a greedy attacker is able to
• 38:27
  assemble more CPU power than all the honest nodes, you would have
• 38:31
  to choose between using it to defraud people by stealing back
• 38:34
  his payments or using it to generate new coins.
• 38:38
  He ought to find it more profitable to play by the rules,
• 38:43
  such rules that favor him with new with more new coins.
• 38:47
  Than everyone else combined than to undermine the system and the
• 38:51
  the validility, the validility of his own wealth.
• 38:56
  So I think what you're seeing is the world is healing and I think
• 39:01
  that Bitcoin is responsible for the world's healing because it's
• 39:04
  providing a system of aligned incentives where you acting on
• 39:10
  your own greed, you fall in your own incentives.
• 39:15
  Actually makes everyone else richer, richer, and makes
• 39:17
  everyone else wealthier. It protects everyone else's
• 39:20
  stack, and that's in. That's in stark contrast with
• 39:24
  how the Fiat system works, where there's a few winners and
• 39:29
  there's a whole lot of losers, and the winners are incentivized
• 39:32
  to keep stealing, keep lying, because that is better for their
• 39:37
  bottom line. In the Bitcoin world, you're
• 39:41
  actually incentivized to be an honest and truthful player.
• 39:45
  Because that is better for your bottom line and what American
• 39:49
  huddle said best. No one is better than their
• 39:52
  incentives. So anyways, dude, this is
• 39:55
  absolutely crazy. Bitcoin is taking over the
• 39:58
  world. Not surprising whatsoever, but
• 40:02
  the the part that is like the cherry on top that I find
• 40:05
  absolutely hilarious in a way. That you know, Bitcoin's Hola,
• 40:10
  man. Bitcoin's Hola, dude.
• 40:12
  It's Hola. Now.
• 40:13
  It's acceptable in, you know, in the Muslim faith, apparently.
• 40:18
  But you know it's it's. And you're going to see this
• 40:20
  everywhere around the world. It doesn't matter what your
• 40:22
  culture is, doesn't matter what your religion is.
• 40:26
  You're going to see this phenomenon happen over and over
• 40:28
  and over and over and over again because it helps everyone
• 40:32
  equally. That's the best fucking part,
• 40:34
  right? So when they say stuff about
• 40:36
  Fiat and they use those talking points like Fiat is this, Fiat
• 40:39
  is this. Remind them Bitcoin is the most
• 40:41
  equal, equitable money the world has ever seen.
• 40:44
  It doesn't matter where you're from, what your position of
• 40:48
  power is. If you want more Bitcoin, you
• 40:50
  got to buy it, you got to mine it, you got to earn it like
• 40:53
  everyone else. You got to get in line.
• 40:55
  You don't have a privilege of being able to create money for
• 40:58
  free that everyone else has to work for.
• 41:00
  So dude, this is freaking awesome.
• 41:01
  This is so cool. But at the same time, I'm not
• 41:04
  surprised anyways after what you take.
• 41:06
  Well, first and foremost, a little less serious.
• 41:09
  I think we just found the best new Bitcoin meme.
• 41:11
  Bitcoin is the law, so let's double down and propagate the
• 41:14
  memes. No, I'm kind of joking.
• 41:16
  Low key joking, but I don't wanna be insensitive.
• 41:18
  So remember how we started this year, guys?
• 41:22
  Do you remember where we were at the beginning of the year?
• 41:24
  We had the Change the Code Fund campaign.
• 41:27
  We had the Pierre Rashard meme showing that Bitcoin doesn't
• 41:32
  have CO2 pollutions. And now we're not even at the
• 41:36
  end of the year. And so much signal and
• 41:39
  information came out that Bitcoin is ESG friendly, whether
• 41:42
  you. You know, flip the BlackRock
• 41:45
  news on its head and be like OK, Larry Fink endorses Bitcoin.
• 41:48
  That means Bitcoin is ESG friendly.
• 41:50
  Whether we have more and more countries in the world, oil rich
• 41:54
  countries and an energy resource rich countries starting to
• 41:58
  embrace Bitcoin mining because they understand how it will
• 42:01
  improve not only their balance sheet, not only their profits,
• 42:04
  but obviously the use of energy moving forward.
• 42:08
  And here we are, guys like, remember the beginning of the
• 42:10
  year we were getting flood campaigns and now I think it's
• 42:13
  becoming absolutely clear that every country in the world will
• 42:17
  need a Bitcoin mining strategy. And my boy Mike Hobart's been
• 42:21
  talking about it for for till. He's blue in the face on spaces
• 42:25
  about. The killer app for Bitcoin is
• 42:29
  the marriage between Bitcoin miners and the energy sector.
• 42:32
  And now we're starting to see this play out in real time.
• 42:36
  And you know, I don't know if you guys know your geography
• 42:38
  much. And I like as an American public
• 42:41
  school student myself, I don't either.
• 42:44
  But Uman is neighbors to Saudi Arabia and Dubai like.
• 42:48
  I don't know if that's ringing alarm bells in your head, but
• 42:51
  once the Middle East finally wakes up to the fact that they
• 42:54
  should all be mining Bitcoin and, you know, hooking up
• 42:57
  whatever excess energy they have to Bitcoin, it's going to be
• 43:00
  absolutely incredible. And remember, we're still on the
• 43:04
  Petro dollar system in Saudi Arabia.
• 43:06
  Still, even though they they are kind of posturing towards
• 43:09
  leaving the dollar, we're still on the petrol dollar.
• 43:11
  And I'm just excited and I'm counting down the times to win,
• 43:15
  not if, but when we get the petrol set.
• 43:18
  And that's really when things start getting absolutely bananas
• 43:22
  in the world and you know the Bitcoin price will go nuclear
• 43:25
  and people wake up to the idea that they need Bitcoin miners in
• 43:28
  the world if you are an energy company.
• 43:30
  You need Bitcoin miners and, and we've had this conversation
• 43:33
  before on the show, Will Bitcoin miners become the new energy
• 43:36
  producers or will it simply be a, you know, a hop skipping a
• 43:40
  jump for the energy producers to become Bitcoin miners?
• 43:43
  They already have the infrastructure, they already
• 43:45
  have the energy and all they need to do is plug in Bitcoin
• 43:49
  miners. It's it's going to be absolutely
• 43:51
  crazy, the game theory that will play out in regards to the
• 43:54
  Bitcoin mining. Ecosystem is going to be one of
• 43:58
  the most magnificent things to be saying and we've been saying
• 44:01
  this on the show for a long, long time.
• 44:04
  So the signal is spreading and people are waking up to the idea
• 44:07
  that Bitcoin mining is ESG friendly and then of course, you
• 44:10
  know Bitcoin is a law. So I'm excited to see this
• 44:13
  because you know, just to break it down for you, from what I
• 44:16
  know as well, Muslims are not allowed to participate in ussery
• 44:22
  and so you know Bitcoin, Bitcoin, the network.
• 44:25
  The currency is not inflationary, so it doesn't
• 44:31
  steal from you guys. So of course they're going to
• 44:33
  wake up to the idea that Bitcoin is the best form of money.
• 44:36
  Bitcoin is law, and more and more countries in the world are
• 44:39
  going to wake up to the idea that they need to hold money.
• 44:42
  And Elaine said something very good in the chat.
• 44:44
  She said something like if there is people out there that believe
• 44:50
  in truth. And they believe in honesty and
• 44:53
  freedom, Then they will obviously, inevitably end up on
• 44:57
  the Bitcoin standard, as we say all the time.
• 44:59
  As Greg Fosso. He says all roads lead to
• 45:01
  Bitcoin and it's just awesome to see more and more individuals
• 45:05
  and countries waking up to the idea that, hey, you might want
• 45:08
  to get some Bitcoin just in case it catches on.
• 45:10
  You might want to plug in some minors because not only are you
• 45:13
  going to be profit driven like the incentive.
• 45:16
  Sentence from the white paper. You are better off to play along
• 45:20
  with the game than to try to fight it.
• 45:22
  Hey, we're all in here for the money, but we understand that
• 45:25
  once you fix the money, you fix the world.
• 45:27
  And I think more and more people are waking up to this, the
• 45:31
  enlightened self-interest aspect of Bitcoin that like, hey, I am
• 45:34
  better off running Bitcoin, I'm better off saving Bitcoin.
• 45:37
  I'm better off mining Bitcoin than I am to destroy the planet.
• 45:40
  And and again, guys like Bitcoin is environmentally friendly
• 45:43
  because Bitcoin miners are looking for the best use of
• 45:45
  energy. Instead of like what we've been
• 45:47
  talking about in regards to the political sphere that you know
• 45:52
  as long as you're close to the the money printer, then the free
• 45:54
  market has no effect on you. And now we're getting back to
• 45:57
  energy being affected by the free market which is Bitcoin
• 46:00
  miners, which is you guys stacking set.
• 46:02
  So hey man, the free market fixes most things, if not all
• 46:05
  things. And here we are and and moving.
• 46:08
  You know what, We have four months left in the year, or
• 46:09
  rather three months left in the year.
• 46:11
  I think this next year is going to be absolutely beautiful to
• 46:14
  see more and more Bitcoin miners spread around the world,
• 46:18
  incentivize energy production, plugin miners into, you know,
• 46:23
  energy sources that potentially are bad for the environment.
• 46:26
  And if you're an environmentalist, and we have
• 46:28
  multiple examples of this, if you're an environmentalist, then
• 46:32
  you're a Bitcoiner. Like it's not a.
• 46:35
  It's OK, Jordan. It's not contentious anymore.
• 46:39
  The Chad's going hard today. All right, all right, all right.
• 46:42
  Anyways, But actually, before we go on Nico, remember we've been
• 46:45
  we've been trolling for a minute on the show that Bitcoin will be
• 46:48
  the reason to bring down BlackRock.
• 46:50
  Well, now, hey, safe. A Dean is saying it as well, so.
• 46:53
  We're ahead of the curve here, bro.
• 46:55
  All right, all right. Nico, if you want to jump in
• 46:58
  before we move into the culture a man, I'm getting roasted in
• 47:01
  the chat. All right, what's going on?
• 47:03
  Should we start posting? Yeah the guys usury is Haram but
• 47:06
  goosery is how do you say it? Someone spell it out for me.
• 47:13
  Oh, man. All right guys, this.
• 47:15
  We've had a we've had quite, we've had quite a big we've
• 47:20
  we've had quite a lot of fun. Anyways, before we move on, I
• 47:25
  want to give a shout out to our sponsor, Bitcoin 2024.
• 47:28
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  You can use promo code simply to get 21% off your tickets to the
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  Pacific Bitcoin Festival. Anyways, Opti, what are we
• 49:09
  talking about today, bro? All right, guys.
• 49:11
  So I did drop it in the chat for you guys.
• 49:14
  There's a poll and it's the idea of are we early?
• 49:17
  And I was inspired by a tweet by my boy CJ on Twitter.
• 49:24
  But then of course. I flushed it out for you guys.
• 49:27
  So first and foremost, let's start with the context of what
• 49:30
  we usually say. And then I kind of agree with
• 49:32
  this and I'll give you my take at the end as well, cuz it will
• 49:36
  kind of be a little, I don't know if it'll be contrarian what
• 49:39
  CJ tweeted, but I think it will definitely.
• 49:43
  I don't know, paint a picture of where we are right now in
• 49:46
  Bitcoin adoption. So first and foremost, of
• 49:47
  course, guys, for the audio listeners, we have CK and he
• 49:50
  goes, this chart is incorrect. We are less than .1% adoption.
• 49:54
  We are firmly in the beginning of the innovator stage and what
• 49:57
  he's talking about is the classic bell curve meme of
• 50:00
  Bitcoin adoption. He goes, you're not late.
• 50:01
  There's a 2.5% innovators, the 13.5% early adopters, there's a
• 50:06
  3034% of the early majority, the 34% of the late majority as we
• 50:10
  go down the other side of the bell curve and the 16.
• 50:13
  Percent of laggards and usually the idea right now is like we're
• 50:18
  still in the early adopter phase and and what CK is saying that
• 50:21
  we're still in less than the .1% adoption.
• 50:24
  And usually what he means is not only because of the capital, the
• 50:27
  amount of capital that's allocated into Bitcoin, but the
• 50:30
  amount of bitcoiners in the world.
• 50:32
  I I forget what the number is, but we've we've tried to
• 50:35
  speculate not only on the channel but on Twitter for for a
• 50:38
  long time, of how many real hardened Bitcoiners.
• 50:41
  There are in the world people that are on the Bitcoin standard
• 50:44
  and I think we're in. You know, maybe like the the the
• 50:48
  traditional thought is maybe the 10th of 1,000,000 and that might
• 50:51
  even be high. It might be a little low.
• 50:53
  Either way, the idea is, and and I say this all the time, you
• 50:56
  know, if you go out into your everyday life, your normal life,
• 50:59
  and you talk to someone, you ask them, are you a bitcoiner?
• 51:03
  I'm sure few and far in between you will find even someone else
• 51:06
  that holds shit coins. Like, there's very few people
• 51:09
  out there that are bitcoiners. And this is probably why we all
• 51:12
  say you're still early. And not only that, but of course
• 51:16
  like 20? What?
• 51:17
  Where are we at $26,000 Bitcoin? It's still stupid cheap.
• 51:20
  And I always say it constantly on the show that the Bitcoin
• 51:24
  price is a real time metrics of people understanding a Bitcoin.
• 51:27
  And obviously at a $26,000 Bitcoin, it's so stupidly
• 51:32
  undervalued. Which means that no one knows
• 51:33
  what the hell they're holding which.
• 51:35
  Means that we are early and so usually I think the idea is we
• 51:39
  are early in regards to price movements and where we are going
• 51:42
  and the the amount of people that are holding Bitcoin.
• 51:45
  But I really like this tweet from CJ Constantino's Sorry for
• 51:49
  butchering your name, bro. He came on the pod a while ago.
• 51:52
  He absolutely blew it up and just blew our minds.
• 51:56
  And I was thinking this morning, maybe I'll get you back on CJ
• 51:58
  Anyways, I really like this take right here because it is a
• 52:02
  little contrarian. But I think it also kind of puts
• 52:06
  a fire under your ass. So so you don't get complacent
• 52:08
  out there. Because I know that a lot of
• 52:10
  times when you say like, oh, we're so early, you might get
• 52:13
  complacent your mind, you're like, yeah, I have time to
• 52:15
  stack. I I have time to get my position
• 52:17
  and you know I'm gonna buy this thing instead of that, etc etc.
• 52:21
  You change your behaviors. But I think this idea of like
• 52:24
  you're not early. I think it's a good way to
• 52:26
  ensure that you stay the foot on the gas guys.
• 52:30
  Anyways let's get into this tweet here by CJ, he goes, there
• 52:32
  is one sentiment in the Bitcoin community that I completely
• 52:35
  disagree with. He goes, you're so early and and
• 52:37
  you know the the meme, you're so early.
• 52:40
  Anyways he goes I got news for you, no you are not early one,
• 52:43
  the most sophisticated institutions in the world are
• 52:45
  taking large stakes and publicly traded Bitcoin companies.
• 52:48
  They are doing it to get levered exposure to BTC price before the
• 52:52
  spot ETF's get approved to USA. Government has gone full.
• 52:55
  Banana Republic with currency printing.
• 52:57
  They have already passed a helicopter money stage where
• 53:00
  they print trillions for themselves and give the people
• 53:03
  crumbs. 3 Bricks will include United Arab, Arab Aramids and
• 53:09
  Saudi Arabia, with a focus on settling trade and local
• 53:12
  currencies. Global demand for the dollars,
• 53:15
  the US treasuries will continue to decline while the supply
• 53:18
  continues to increase. Not a sustainable combo. 9 years
• 53:21
  ago when I started in Bitcoin, these were the types of events
• 53:24
  that the real OG's were talking about.
• 53:26
  And I think that's kind of the point.
• 53:27
  CJ's been here for 9 years. And so for you newer guys, which
• 53:31
  you're still like looking at the price and they're like, oh,
• 53:33
  we're still so early 26 K, so undervalued.
• 53:36
  I think it's important to remember that these
• 53:38
  conversations have been had for over a decade and we're seeing
• 53:42
  this happen in real time. So you know, they said one day
• 53:46
  there'd be things like institutional investments out of
• 53:48
  control, currency printing, loss of global demand for the dollars
• 53:52
  and that would all take place and that these things would be
• 53:54
  the signs of the end of the dollars currency lifecycle.
• 53:56
  Today all of these things are happening, yet mainstream are
• 53:59
  acting like D5D gens chasing 5% Ponzi yield on a shit coin with
• 54:03
  unlimited supply. At this point we are not.
• 54:06
  This is the end game. Get your financials in order now
• 54:09
  or you will go down with the ship.
• 54:11
  And of course, guys using historical examples, we know
• 54:14
  that the fall of Rome was in part associated with the
• 54:18
  debasement of the currency and that took thousands of years for
• 54:21
  it to finally crumble. Well, do we know how long the
• 54:23
  dollar is going to take before it crumbles?
• 54:26
  Will they have another can that they can kick down the road?
• 54:29
  Probably. But the point of this is yes, on
• 54:33
  a price frame. You may still be early because I
• 54:36
  think 26 K is stupid cheap. Yes, maybe on the amount of
• 54:40
  individuals that are holding Bitcoin, we may still be in the
• 54:43
  early adoption stage and on that side maybe we are early.
• 54:46
  But on a more contrarian take, if you look at what's happening
• 54:50
  in the world. We are in the end stage of this
• 54:53
  Bitcoin adoption. Do we know how long it's going
• 54:55
  to take? I don't know.
• 54:55
  I keep saying that it's going to take us our whole lives.
• 54:58
  But it is becoming very clear that now is the most important
• 55:02
  time to be stacking Bitcoin and here we are laying it down.
• 55:06
  And I I have some some cycles of being a Bitcoin, but I want to
• 55:09
  start with the Bitcoin institutional adoption cycle and
• 55:12
  that's Simon Dixon quote tweeting beauty on and beauty on
• 55:16
  has a tweet here and he's got a picture of Larry Fink for the
• 55:18
  audio listeners and goes, 2017 Bitcoin isn't.
• 55:21
  Index of Money Laundering BlackRock CEO Larry Fink 2023
• 55:25
  BlackRock files for spot Bitcoin E TF2020X.
• 55:28
  Bitcoin is ubiquitous and used as money globally.
• 55:31
  So of course we are just at the stage where Larry Fink We're the
• 55:35
  biggest institutions in the world.
• 55:36
  The biggest asset managers in the world are starting to buy
• 55:40
  for a spot Bitcoin ETF. They're starting to gain
• 55:43
  exposure in Bitcoin mining companies.
• 55:45
  They're figuring out ways to get their tentacles in the Bitcoin
• 55:47
  space. Because hey.
• 55:49
  It's more profitable for them to just play along with the rules.
• 55:52
  It it might it might be better off for them to just stack
• 55:54
  Bitcoin than it is for them to fork Bitcoin.
• 55:57
  And it really made me think of this tweet that BTC therapist
• 56:01
  put out on Twitter. You know he's not just a meme.
• 56:03
  He actually has some sauce and some signal and some depth
• 56:06
  behind his tweets and he goes the life cycle of a Bitcoin or
• 56:09
  one What is Bitcoin to Bitcoin is Too Expensive 3 Crypto Is
• 56:13
  Cheap 4 Crypto is the Future 5 Crypto is a Scam.
• 56:16
  Six What the F is Bitcoin. Seven What the?
• 56:19
  F is money, 8 Bitcoin is freedom and nine Bitcoin is going up
• 56:22
  forever. So on an adoption cycle on are
• 56:26
  we early phase? You know, looking out at the
• 56:29
  world early timeline, where are we right now in global adoption
• 56:33
  of Bitcoin? I think we could still safely
• 56:35
  say we are early, but we are moving into a phase where.
• 56:40
  The institutional capital is flowing into Bitcoin and so no
• 56:44
  longer can we say that we're early.
• 56:45
  The institutions are here and you know, it's only a matter of
• 56:49
  time until that the institutional capital starts to
• 56:52
  flow into Bitcoin and the price starts to do what we all know it
• 56:55
  will do. And it really is only going to
• 56:57
  take a few very deep pockets to move the price and so on one
• 57:02
  hand. Yes, not very many people are
• 57:05
  holding Bitcoin and that's why we do our show.
• 57:07
  That's why you guys go out there and have these conversations
• 57:09
  with people, because I want the average person to hold Bitcoin.
• 57:13
  I want the average person to help themselves.
• 57:15
  And we're at this point now where institutional adoption is
• 57:18
  here. We we are in the end game of
• 57:20
  this. And so I don't want you to get
• 57:21
  complacent here and say oh we're early.
• 57:23
  I have time to stack. I have time to do this.
• 57:25
  No, like action, action, action, speed, speed, speed.
• 57:28
  Like make sure you are making decisions now so that you can
• 57:32
  stack as much as possible so that you can be in a better
• 57:35
  position to profit off of this. And I know profit is a is a ugly
• 57:39
  word to nasty word. It's been denigrated.
• 57:42
  It makes it makes people feel bad.
• 57:43
  But hey. If you have the right
• 57:46
  understanding of the world, then you should be more profitable.
• 57:49
  You should live a good life. I think that is one of the
• 57:52
  telltale signs of living a good life is understanding what is
• 57:55
  the true nature of reality. And here again, Bitcoin
• 57:58
  therapist just absolutely killing it.
• 58:00
  If you hot all your Bitcoin for one day, you're speculating.
• 58:03
  If you hot off for one week, you're trading.
• 58:05
  If you hot off for one month, you're learning.
• 58:07
  If you hot off for a year, you're growing.
• 58:09
  If you hot off for four years, you're saving.
• 58:11
  And when you hot over 10 years, you're a legend.
• 58:13
  So to you guys out there, continue to stack, but don't get
• 58:17
  complacent. Are we early?
• 58:20
  Yes, there's a lot of signs that are saying we are early in
• 58:23
  regards to the price movement in regards to how many bitcoiners
• 58:26
  are out there stacking. But we are in the end game and
• 58:30
  the institutions are here. No longer is it a meme.
• 58:32
  The institutions are coming, the institutions are coming.
• 58:35
  No, it's only a matter of time whether it's the end of this
• 58:37
  year, the beginning of of next year, in the very first quarter
• 58:40
  or second quarter where that liquidity, that capital starts
• 58:44
  to get distributed into Bitcoin and number will go up.
• 58:47
  But you have an opportunity right now.
• 58:49
  Yes, you are early in many respects, but don't get
• 58:52
  complacent I I think. Everyone in the world, at least
• 58:56
  to some extent, have had their first touch in Bitcoin, and it's
• 58:59
  only a matter of time until they do their final, final jump into
• 59:03
  the Bitcoin space. And then we can finally say,
• 59:05
  hey, we were here before you, man, we were early.
• 59:07
  We are, I still believe, early adopters of the Bitcoin
• 59:10
  standard. But.
• 59:12
  I don't know if we can say we're early, early because hey, the
• 59:15
  big, big deep pockets are here guys.
• 59:17
  So just I just wanted to keep that in mind.
• 59:19
  I know it's a little contrarian and I know I I'm even like
• 59:21
  debating and deliberating within myself whether we are early or
• 59:24
  not. But just double down on knowing
• 59:28
  that you have the correct view of the world and that Bitcoin is
• 59:31
  the way and more and more people are waking up to this and you
• 59:33
  know, hey. The incentive structures of
• 59:36
  Bitcoin just aligned so well that you might want to get some
• 59:39
  just in case it catches on guys. Anyways, before I move on, we
• 59:43
  did do a poll in here and so 163 votes said are we still early,
• 59:47
  90% said yes and 10% said no. So hey, you know we're listening
• 59:52
  to the poll. I think we're all kind of
• 59:54
  agreeing that on a price point we are early.
• 59:57
  But on like a percentage of capital going into Bitcoin,
• 1:00:01
  we're probably not early, but hey, the price is still cheap.
• 1:00:03
  It's 26 K it's so undervalued. Anyways, Nico, I went long, I
• 1:00:09
  rented. I I hope there was some value
• 1:00:11
  there. Nico, what are your thoughts?
• 1:00:12
  Are we early? Are we, are we, are we in the
• 1:00:15
  middle? Are we we still early adopter
• 1:00:17
  phase? Are we still in the innovators
• 1:00:19
  phase? What's your thoughts on this?
• 1:00:20
  I know you've been around for, I don't know what, 7-8 years now.
• 1:00:23
  So what's your thoughts on, are we early?
• 1:00:26
  Are we early? I mean it's.
• 1:00:30
  It's honestly a harder question than than like it's a very
• 1:00:34
  difficult question. Are we early?
• 1:00:36
  I don't think we're early. I just don't think we're late.
• 1:00:41
  Like it it it kind of all depends, right.
• 1:00:48
  So like it depends. We obviously think we're right
• 1:00:52
  about Bitcoin becoming the next global reserve currency, right.
• 1:00:56
  So if it reaches the market cap of gold, that's like a 40X,
• 1:01:04
  right, 40-50 X. If it reaches you know like
• 1:01:09
  global adoption that's like a 400X right now.
• 1:01:14
  The reason that the price of Bitcoin isn't as isn't at, you
• 1:01:18
  know, at those prices is because that is speculate like you're
• 1:01:22
  speculating that it it will do that.
• 1:01:24
  Now look at where Bitcoin started from and look at where
• 1:01:31
  it is today. If if I would have told you the
• 1:01:33
  exact same things ten years ago, I was said the same thing like
• 1:01:38
  look, you wouldn't believe me. You would not have believed me.
• 1:01:44
  You would have told me you're crazy.
• 1:01:47
  There's countries are not going to be mining Bitcoin.
• 1:01:49
  BlackRock is not going to be launching a Bitcoin ETFA.
• 1:01:51
  Bitcoin wouldn't become legal tender.
• 1:01:54
  You know, in a country, a public company wouldn't use it as an
• 1:02:00
  alternative to holding Fiat on their balance sheet.
• 1:02:02
  You would have laughed me out of the room.
• 1:02:05
  But that's exactly why Bitcoin was so cheap back then.
• 1:02:07
  Because if it was because if everyone knew that if they had
• 1:02:10
  a, they had a, you know, a fortune ball or whatever that
• 1:02:13
  that thing is called crystal ball, crystal ball people, you
• 1:02:18
  know, the price of Bitcoin would be higher, right.
• 1:02:20
  So, you know, like I have my beliefs.
• 1:02:24
  I, I think I, I tried to make the case during the new segment
• 1:02:27
  about its incentives. I think we're going to win
• 1:02:30
  because of its incentives alone. Bhutan, Oman, Texas, El Salvador
• 1:02:40
  are you know you have the president of Argentina like
• 1:02:42
  talking about Bitcoin. Like I mean like it looks like
• 1:02:46
  it's heading in a certain direction.
• 1:02:48
  That's what I would say 40X if if it reaches the the market cap
• 1:02:54
  of gold like that is an unconceivable, that's a life
• 1:02:58
  changing amount of money for for most people and it if we're
• 1:03:03
  right about it being the global reserve currency, that's a 400X,
• 1:03:07
  that's fucking insane. So do I think we're early as in
• 1:03:12
  like 2017 or 2013 early? No, I don't think we're early.
• 1:03:17
  But again, like do I still think that this is, you know, an
• 1:03:22
  opportunity of a lifetime for most people?
• 1:03:25
  Absolutely. You have to keep in mind like
• 1:03:28
  back in 20/20/13 when Bitcoin was $10 a $100, you were taking
• 1:03:32
  a lot more risk. Like this thing was not like you
• 1:03:36
  think that this thing is like a sure thing now back then like
• 1:03:39
  like this was like this was an experiment or else everyone
• 1:03:43
  would have bought it right. So like that's the that's the in
• 1:03:47
  my eyes I'm not I'm a bitcoiner and I've 100% of my you know I
• 1:03:52
  100% of my career and where my my hopes and dreams are based on
• 1:03:57
  this technology based on this money.
• 1:04:00
  So I'll tell you what I'm doing personally, what I'm personally
• 1:04:04
  doing. But you know the the that's what
• 1:04:08
  it is, dude. Like.
• 1:04:09
  So I hope that answers your question.
• 1:04:12
  Like, it's a very fucking difficult question.
• 1:04:13
  It's it's a simple question but it's also it's a very difficult
• 1:04:17
  question like like but but like I'll I'll I'll sprinkle in like
• 1:04:20
  the Hopeium Luke Broyle stuff like I'll definitely.
• 1:04:22
  Sprinkle number goes up like as human beings we have a hard time
• 1:04:27
  understanding exponentials. And when you have like equations
• 1:04:31
  like 21,000,000 divided by Infinity, like it's like you
• 1:04:36
  can't understand it. Like you're looking at that.
• 1:04:37
  You're like what the fuck does that mean?
• 1:04:41
  So it's very difficult to wrap your hand around to comprehend.
• 1:04:45
  But if you kind of start talking about that, I think that people
• 1:04:50
  like CK says it all the time like you're not bullish enough.
• 1:04:54
  And I think that most people are not bullish enough because they
• 1:04:56
  can't comprehend what this means.
• 1:05:01
  But I think it's going to take, I think it takes, it takes time
• 1:05:05
  dude. Like look, like most people that
• 1:05:07
  I've that I've spoken to, like you need at least one full cycle
• 1:05:12
  to start feeling the benefits, right?
• 1:05:15
  So you need at least four years under your belt.
• 1:05:18
  If not, you got lucky and you timed it right.
• 1:05:21
  But most people get in with the price pump, right?
• 1:05:24
  So that means that they inevitably get wrecked like
• 1:05:26
  Michael Saylor, like 9 bouquet lay.
• 1:05:30
  I got kind of lucky because I got in 2016.
• 1:05:32
  I didn't get 2017, but I still got wrecked because I was buying
• 1:05:34
  the top at 2017. In fact I was buying the last
• 1:05:37
  stop too. So but again like you're there
• 1:05:42
  for for, for you know, for for a cycle the your your your most of
• 1:05:47
  your average is significantly lower than you know the the the
• 1:05:53
  current price. And you start to feel the
• 1:05:55
  benefits of it and you start to your mind starts to adjust to a
• 1:05:59
  Bitcoin standard. You start spending less.
• 1:06:01
  You start living below your means and you start thinking
• 1:06:05
  about the future because you have the ability to think about
• 1:06:07
  the future. But holding isn't easy if you're
• 1:06:11
  just getting into this. Like takes my opinion, takes 4
• 1:06:15
  years, takes 4 years to get comfortable relatively to the
• 1:06:19
  where you started and to the people around you.
• 1:06:21
  And then it takes about 8 years to like really, really like, you
• 1:06:26
  know, like you'll you'll be like you'll you'll you'll be like
• 1:06:29
  this was a really good idea. This was you'll start to think
• 1:06:32
  like I'm a genius. Like, no, you're not a fucking
• 1:06:34
  genius. You just bought Bitcoin and you
• 1:06:35
  held it. But but you'll you'll start to
• 1:06:38
  think that like this. I made a really good financial
• 1:06:40
  decision. So yeah, that's what I got to
• 1:06:43
  say about that. I still think there's a
• 1:06:45
  tremendous amount of upside. There's a tremendous amount of
• 1:06:47
  opportunity. Like I laid out the numbers, if
• 1:06:51
  it reaches the gold market cap, that's 500,000 per Bitcoin.
• 1:06:56
  That's a, you know, that's fucking insane.
• 1:06:58
  That's a, that's a 203040 whatever, X.
• 1:07:02
  And then if it becomes global reserve currency and that takes,
• 1:07:06
  I think it's going to be a lot faster than people anticipate.
• 1:07:09
  And that takes 1015 years, 400X and 1015 years is fucking
• 1:07:14
  insane. But you know, like you got to
• 1:07:18
  stay humble, you got to stack Sats.
• 1:07:20
  Stay solvent. Stay away from the allure of
• 1:07:23
  shit coins because that's what a lot of people do is that they
• 1:07:26
  they kind of see the these crazy multiples happening very, very
• 1:07:30
  quickly and then they get kind of you know attracted to that.
• 1:07:34
  Stay away from leverage I would say and like Odell says the best
• 1:07:40
  stay humble, stack sats and then be keen.
• 1:07:42
  Go out of the cherry on top, which I think the complete line
• 1:07:45
  is what makes sense. Stay, stay solvent stay humble.
• 1:07:48
  Stack sats. Like you got to say the entire
• 1:07:49
  thing. If you do those things and
• 1:07:52
  you're patient and you just working work on Fiat mining,
• 1:07:55
  like literally, like work on making growing your income so
• 1:07:59
  that you can stack more Sats, I think over time you'll be very,
• 1:08:02
  very happy that you did. But it takes time, man.
• 1:08:05
  Look, I've met 2013 years that it's like those first couple of
• 1:08:10
  years, man, they're just like, holy shit, this isn't going to
• 1:08:12
  work. Like they went through the same
• 1:08:14
  thing like Opti and I, we're class of, you know, we're like
• 1:08:17
  roughly fine 26, doesn't matter. We're class of 2017.
• 1:08:20
  We're like at that epoch, right? And then the next class is the
• 1:08:25
  class of 2020, right? The class of the, the 2021
• 1:08:29
  class, right. So like, yeah, you got to pay
• 1:08:31
  your dues, man. This is, like, literally,
• 1:08:33
  there's no way around it. That's my take on that.
• 1:08:35
  It's my two sides. I know I ramble.
• 1:08:38
  I know I rambled on that. Yeah.
• 1:08:39
  It's cool. It's cool, dude.
• 1:08:40
  He's been, he's been off the show guys.
• 1:08:42
  So he needs to ramble a little bit.
• 1:08:44
  I like this comment by Elaine for the audio listeners.
• 1:08:47
  As the world wakes up, number will go up.
• 1:08:49
  I I completely agree with this. It's going up forever, Laura.
• 1:08:52
  And the world's waking up, in my opinion.
• 1:08:54
  In my opinion, but Nico. It's hard not to stay bullish,
• 1:08:59
  even though we're being kind of bearish right now.
• 1:09:03
  Yeah, man, I mean. Let's get in the memes.
• 1:09:06
  Let's get in the memes. We're running late.
• 1:09:07
  Let's Hit the meme. Sorry.
• 1:09:08
  Let's Do It. The Daily Meme Review brought to
• 1:09:15
  you by Kaboom Racks. I get this question all the
• 1:09:17
  time, Nico, where should I buy Bitcoin miners?
• 1:09:20
  The answer is Kaboom racks. It's the best place to buy
• 1:09:23
  Bitcoin miners. That's where you're going to
• 1:09:25
  find the best deals and the best prices.
• 1:09:27
  Start your mining utopia today. To check out their racks, you
• 1:09:31
  got to go to T dot me slash Kaboom racks.
• 1:09:33
  Join their Telegram group and start your mining journey today.
• 1:09:37
  Kaboom racks. Kaboom racks.
• 1:09:42
  Go get some minors over at Kaboom Racks anyways.
• 1:09:44
  Anyways, this is a meme review where we review your memes and
• 1:09:48
  you drop your meme review score in the chat.
• 1:09:51
  Tweets are the bullets, memes are the artillery.
• 1:09:52
  We are in an information war, as you can tell.
• 1:09:55
  Sometimes it's about combating the BS from the corporate press
• 1:09:58
  and sometimes it's, you know, shooting some memes and
• 1:10:03
  incepting people's minds so that they understand why they should
• 1:10:06
  be stacking Bitcoin anyways. This first one shouts out to
• 1:10:09
  Spectre and Cyrax our our degen interns that are doing some some
• 1:10:16
  graphic designs for us and it got Fiat is slavery.
• 1:10:19
  One hashtag Bitcoin and you can see Lady Liberty here with the
• 1:10:23
  Fiat dollars and everyone is a slave.
• 1:10:25
  Trying to get the money. Great, great picture right here
• 1:10:28
  because it really do feel like that right now.
• 1:10:30
  You know you are subject to the powers that be to just try to
• 1:10:34
  gain a buck and live a good life.
• 1:10:36
  You don't have to take that abuse anymore.
• 1:10:37
  You can huddle and hold and save in Bitcoin Anyways, this next
• 1:10:41
  one is by Kim Gage and he goes BlackRock the good, the bad and
• 1:10:44
  the ugly. Well, it's mostly ugly.
• 1:10:46
  Let's not kill ourselves people. That's why we Bitcoin.
• 1:10:49
  And we got a picture here of Dr. Evil and his kill.
• 1:10:52
  His his ink over here and it goes plebs.
• 1:10:55
  BlackRock won't rehypothecate Bitcoin and BlackRock is Dr.
• 1:10:58
  Evil and them laughing because they're probably going to
• 1:11:01
  rehypothecate Bitcoin. But hey, silver lining is maybe
• 1:11:05
  Bitcoin will bring down BlackRock.
• 1:11:06
  We can only help. We can only help.
• 1:11:07
  And again on this theme shuts up the Bitcoin therapist and he
• 1:11:10
  goes huddle your Bitcoin and we got this giant warrior guy here.
• 1:11:16
  And he is BlackRock with this huge sword.
• 1:11:18
  I don't know where this comes from.
• 1:11:19
  And then we got the little itsy bitsy bitcoiner down here with
• 1:11:23
  the sword of truth with his Bitcoin and his laser eyes.
• 1:11:26
  And yes, we are battling the great leviathan.
• 1:11:29
  But we have opted out. We have the best money in the
• 1:11:31
  world and the incentives are aligned where they will have to
• 1:11:34
  bow down and bend the knee to Bitcoin.
• 1:11:37
  Okay. This next one is by Copernicus
• 1:11:40
  Copernicus's son on Twitter. And he goes.
• 1:11:42
  Gents be gentle with here woman's when you tell them why
• 1:11:46
  you're so poor all the time and we got a girl here dying she
• 1:11:50
  she's getting her vitamins and her I V's in the hospital goes
• 1:11:54
  woman almost dies after learning her husband is a sad
• 1:11:57
  millionaire. Yes, all you undercover pores
• 1:11:59
  out there that are bitcoiners that are wearing the same same
• 1:12:03
  clothing and eating just. The same food every single day
• 1:12:07
  you're you're going to surprise your friends and family when
• 1:12:10
  they realize that you are a sad to millionaire.
• 1:12:12
  Anyways on the same thing because I know you guys have no
• 1:12:15
  girlfriends and we're we're doubling down and hopefully
• 1:12:18
  allowing you guys to create more bitcoiners.
• 1:12:20
  We have Maxi's club here and it goes five O 3 best plan and it
• 1:12:23
  goes nobody. Bitcoiners and it's a male and
• 1:12:27
  female bitcoiner goes you and me making Bitcoin DCA strategy
• 1:12:31
  together we can only help. We can only hope that you have
• 1:12:34
  such a loving relationship with your spouse that you stack
• 1:12:37
  together. Anyways, drop your meme review
• 1:12:39
  score over there in the chat the other side of Nico and we will
• 1:12:42
  cover it live. My meme review score for today.
• 1:12:46
  You guys have been seeing it all day.
• 1:12:47
  I'm gonna give it this bucky's hat that I got on my way back
• 1:12:50
  from Austin. I I for the culture.
• 1:12:51
  I had to get a Bucky's cap. Someone said they're wearing
• 1:12:54
  their Bucky's shirt today. They if you know, you know.
• 1:12:57
  Actually, no. I'm giving for my score today.
• 1:12:59
  I don't have them. I'm giving a Bucky's caramelized
• 1:13:04
  pecans. If you've never had them, they
• 1:13:06
  are by far the best things I've ever had in my life.
• 1:13:09
  When you are near a buck, you get yourself some caramelized
• 1:13:12
  pecans. They're so delicious, I'm
• 1:13:14
  craving them. OK, caramelized pecans, bro.
• 1:13:17
  All right, I see you. I see you.
• 1:13:19
  I'm going to give it ooh the 6.15 meme.
• 1:13:26
  Hey, is that PG friendly? Nico, no, it's not here.
• 1:13:30
  Wow, there we go. Copernicus and disbelief in the
• 1:13:36
  chat 6.15 The Perkernik Copernicus took it a took it.
• 1:13:41
  A step I know he he just keeps tagging me.
• 1:13:43
  He took it, took it a step. Yeah, you degen.
• 1:13:46
  You don't do that again, you. This is why we can't have nice
• 1:13:49
  things, All right? We got some already anyways,
• 1:13:53
  yeah, but before we get that, guys.
• 1:13:55
  Oh, yeah. Oh, yeah.
• 1:13:56
  Oh yeah, we dropped the Simply Bitcoin Merge.
• 1:13:59
  You guys asked for it. It's live now.
• 1:14:02
  Get yourself. It's great quality.
• 1:14:04
  It's from our friends over at Represent.
• 1:14:06
  They make it its attention to details as Bitcoin or slavery in
• 1:14:10
  the stitching. It's awesome.
• 1:14:12
  It's up on the site right now. He's so bright and orange.
• 1:14:15
  It's beautiful. It's awesome.
• 1:14:17
  We're going to be, we're going to be teaming up with, should we
• 1:14:21
  say it, I will say drop it. We're gonna be, we're gonna be
• 1:14:23
  teaming up with Bitcoin artists to to make some simply Bitcoin
• 1:14:26
  merch in the future as well. So this is just the beginning of
• 1:14:30
  it. Help support our channel helps
• 1:14:32
  us keep on the air and represent Bitcoin also, you know.
• 1:14:36
  And and also we will probably do some obsec friendly versions as
• 1:14:41
  well for those that don't want to be a walking billboard we got
• 1:14:44
  you guys. Also, we did have some issues
• 1:14:47
  when we soft launched it last the end of the week.
• 1:14:50
  We just we got it worked out guys.
• 1:14:52
  So thank you guys, appreciate your patience and we are going
• 1:14:56
  to continue to give you guys some fly ass merch from Simply
• 1:15:00
  Bitcoin. Best merch in the game Confirmed
• 1:15:03
  100% bro 100% You guys don't want to miss it anyways.
• 1:15:07
  Anyways, let's get to some of the scores.
• 1:15:09
  Sale dog 18I give the memes 5 brisket tacos from bucket.
• 1:15:14
  If you know, you know. All right, rave elevator.
• 1:15:17
  I score the memes some pumpy, pumpy and then some dumpy dumpy.
• 1:15:23
  Great Ta bro. Very, very nice.
• 1:15:26
  The next one by Elaine. The battle is just a skirmish,
• 1:15:29
  and Bitcoin crushes evil worldwide.
• 1:15:32
  OK, hold on. Yeah, this could kind of work.
• 1:15:37
  Opti's O Face That O face she makes when she sees the size of
• 1:15:42
  your stack. OK, all right.
• 1:15:44
  That that was Copernicus, wasn't it?
• 1:15:46
  Yeah, it was cheesy. Boy, bro.
• 1:15:48
  Come on, dude. That's kind of PG.
• 1:15:50
  That's kind of PG. Hey, you're the one that put the
• 1:15:55
  6.15 sticker on, so no, it's your fault.
• 1:16:07
  Come on, bro. She's he's just being unleashed.
• 1:16:01
  Copernicus, you're on time out on Telegram.
• 1:16:03
  We'll we'll untime out you. But once you get.
• 1:16:09
  Keefy boy. I give the memes a nice silent,
• 1:16:12
  long silent. I give the memes a nice, long,
• 1:16:15
  silent pause, just like my point bitch does.
• 1:16:18
  Yikes. Savage, bro.
• 1:16:23
  Nico's Fortune ball. I didn't know what the.
• 1:16:25
  I didn't know what it's called. Fortune.
• 1:16:26
  What's it called? The fortune?
• 1:16:28
  A Fortune wheel. What is it?
• 1:16:29
  Opti. Crystal ball.
• 1:16:31
  Crystal ball. Crystal ball.
• 1:16:32
  There we go. Hashtag.
• 1:16:33
  Simply Bitcoin. Can't speak UTXOI.
• 1:16:36
  Give the memes my wife's weekly DCA, which I went through a few
• 1:16:40
  minutes ago. OK, very good.
• 1:16:42
  I love that global nonsense Sickle 21 Mel.
• 1:16:47
  I give them yellow arc meme. Very nice.
• 1:16:51
  Okay Yellow Send me, send me the meme in the DMS. I guess I
• 1:16:55
  didn't catch it. Like hold on after you video
• 1:17:00
  meme. No, it's just hard to know that
• 1:17:03
  you guys, it's audio. We can't.
• 1:17:05
  We can't yellow. We used to do, bro, remember
• 1:17:08
  back in the day we used to do video memes exclusively, but
• 1:17:13
  then the copyright shit went crazy.
• 1:17:15
  So we just what we we transferred to pictures.
• 1:17:18
  Unfortunately it. Sucks, dude.
• 1:17:20
  Don't blame us. Yeah, now.
• 1:17:21
  Literally. OK, if you look, I'll tell you
• 1:17:23
  the songs. If you want to get the video
• 1:17:25
  memes on here, you gotta you gotta minimize the the music
• 1:17:28
  behind them. But I know that doesn't make the
• 1:17:30
  memes as powerful. It's copyright free music or?
• 1:17:33
  Just and even video no. Yeah no, even the video bro.
• 1:17:37
  Like if you use video, YouTube outgoes will wreck us.
• 1:17:40
  So, yeah, so. Opti's a hater on video.
• 1:17:44
  Whatever. We're not picking on you,
• 1:17:46
  Yellow. We're not picking on you.
• 1:17:47
  Yeah, I am yellow. No more yellow memes if you keep
• 1:17:50
  trolling me. Anyways guys, I'm glad to be
• 1:17:54
  back. Shout out to my brother and
• 1:17:57
  cohost Opti for holding it down. I absolutely crushed it this
• 1:18:01
  week. I really appreciate it.
• 1:18:03
  And I just got to say, enjoy your loved ones while they're
• 1:18:07
  around, man. That's what I got to say and
• 1:18:09
  enjoy. Enjoy your loved ones while
• 1:18:11
  they're around. I think a lot of people take it
• 1:18:13
  for granted. You know, your parents, your
• 1:18:15
  grandparents, you know, they're they're, you know, they're
• 1:18:18
  they're mortal, they're not going to live forever, right?
• 1:18:20
  So enjoy them while they last. But I'm glad to be back.
• 1:18:24
  I'm glad to see all you guys in the chat.
• 1:18:26
  We really, really appreciate it if you guys enjoyed the show.
• 1:18:29
  You know to do smash the like button.
• 1:18:30
  Consider subscribing if you feel like we provided you value.
• 1:18:34
  But the number one thing you could do is share this content
• 1:18:36
  and in fact share all Bitcoin content.
• 1:18:38
  Don't be exclusive, be inclusive.
• 1:18:40
  I'm your host Nico. That was my cohost Opti.
• 1:18:43
  If you want to join the after party, we are holding it down
• 1:18:45
  with our friends over at Swan Bitcoin.
• 1:18:47
  Best place to build your Bitcoin stack.
• 1:18:49
  You can join their Twitter Spaces or our Twitter Spaces and
• 1:18:53
  their cohosting, which we'll be hosting until 2:00 PM Eastern
• 1:18:58
  Standard Time. Shout out to the best producer
• 1:18:59
  in the game, Producer Jacob, but until then guys, I'll see you
• 1:19:02
  back tomorrow for the Friday special of Simply Bitcoin Live.
• 1:19:06
  Appreciate you all. Peace out everyone.
• 1:19:20
  OK, OK, OK, you already know the deal.
• 1:19:21
  This is the Bitcoin space by bitcoins. 4 bitcoins yellow.
• 1:19:24
  Still mad at me in the YouTube chat but it's OK we'll bring him
• 1:19:27
  up and he can yell at me. Maybe on the spaces but actually
• 1:19:30
  by Kinko, are you in the building?
• 1:19:32
  If I can go, No he's not in the building yet he he left.
• 1:19:35
  I want I wanted to get a biking go TA tea leaf reading.
• 1:19:38
  But anyways, you already know the deal.
• 1:19:39
  Come up here. I want to hear your takes.
• 1:19:41
  This is about being a Bitcoin or having the Bitcoin.