Latest / Simply Bitcoin / BlackRock's Bitcoin ETF: Fastest Growing ETF in History | EP 957

Transcript

BlackRock's Bitcoin ETF: Fastest Growing ETF in History | EP 957 · Simply Bitcoin

• 0:03
  It's all going to zero against Bitcoin.
• 0:07
  It's going up forever. You're against Bitcoin.
• 0:17
  You're against. Freedom.
• 0:23
  Yeah, welcome to another episode of Simply Bitcoin Live.
• 0:25
  We're in our one source of the peaceful Bitcoin revolution.
• 0:27
  Company can use culture of magic warfare.
• 0:29
  We will be your guide through the separation of money and
• 0:31
  state. Absolutely bonker news.
• 0:35
  Larry Fink, the CEO and Chairman of BlackRock the Large, the
• 0:38
  world's largest asset manager, said that the Bitcoin ETF was
• 0:43
  the best performing or is the best performing ETF in history?
• 0:48
  Well, I mean, shouldn't surprise you.
• 0:50
  I think we actually even called for this and back in January we
• 0:54
  were talking about it and we saw it climbing up and then it the
• 0:59
  Black Rock Bitcoin ETF reached the top ten.
• 1:02
  Then it reached the top five out of 3100 ETFs in the US.
• 1:06
  So again, should not come as a surprise to to us Bitcoiners.
• 1:10
  Why is this happening? Well, just because Bitcoin has
• 1:13
  superior incentives, It's a black hole and it's just going
• 1:17
  to suck everything up. It is the superior asset is the
• 1:20
  best asset the world has ever seen.
• 1:22
  And Wall Street and these institutions are starting to get
• 1:27
  a taste of what absolute scarcity is like, and they can't
• 1:31
  get enough of it. Not to mention the fact that the
• 1:33
  halving is around the corner. Bitcoin has already made all
• 1:36
  time highs, so we're in uncharted territory.
• 1:39
  I'm feeling bullish to say the least.
• 1:41
  Now all that being said, on the price front, I think it's great,
• 1:45
  right? You know, we have a lot of
• 1:47
  people, these institutions, the people with the money coming in
• 1:51
  wanting to buy Bitcoin. From the revolutionary aspect
• 1:54
  though, I think it's important to remember that the revolution
• 1:58
  is self custody. And I think that the ETFs offer
• 2:00
  convenience in getting exposure to Bitcoin.
• 2:03
  But it's not really your Bitcoin, it's Blackrock's
• 2:05
  Bitcoin. It's really not BlackRock.
• 2:07
  I mean it is Blackrock's technically, but it's Coinbase
• 2:10
  that are holding the keys and all it takes is a, you know,
• 2:14
  6102 order version Bitcoin version and you know all that
• 2:19
  Bitcoin that thought you that that that you thought belonged
• 2:23
  to you just goes poof at a snap of a finger.
• 2:26
  So I think that's important to remember.
• 2:28
  But again, extremely, extremely bullish news and it once again,
• 2:31
  he's not just saying this you know, in the dark alleys or you
• 2:35
  know, dark corners or in this you know, personal places like
• 2:40
  he's saying this on the legacy financial media.
• 2:42
  So he said this on on Fox Business.
• 2:45
  We have the clip for you guys. We'll play it.
• 2:48
  And on the other side, Michael Saylor was asked a really
• 2:51
  interesting question, which is that MicroStrategy is
• 2:55
  outperforming Bitcoin in in the short term.
• 2:58
  And obviously I I believe that it functions as kind of like a
• 3:01
  leverage play and people are just asking like why don't you,
• 3:05
  why don't we just buy MicroStrategy if it's
• 3:07
  outperforming Bitcoin versus Bitcoin?
• 3:09
  And I really liked Sailor's answer and he did mention the
• 3:13
  aspect of like, look like if you don't live in the US, if you
• 3:18
  live anywhere around the world, you don't have access to
• 3:21
  MicroStrategy, you can't buy MicroStrategy stock.
• 3:24
  And he mentions the strengths and the advantages of self
• 3:29
  custody, right? That's what makes Bitcoin
• 3:31
  different and that's what a lot of people have to wrap their
• 3:34
  head around. That's what makes it different.
• 3:35
  Like this isn't just a stock that you can buy on Robin Hood,
• 3:39
  as in just money in your account when you take Bitcoin into self
• 3:43
  custody. It's a whole other paradigm
• 3:45
  which is completely different. No one's really talked about
• 3:48
  that enough. And so we're going to talk about
• 3:50
  that. We're going to play it for you
• 3:51
  guys. And kind of interesting
• 3:53
  yesterday I did want to cover this marathon Digital Holdings
• 3:58
  mind block and they put their logo on it.
• 4:00
  Obviously it's a marketing gimmick.
• 4:03
  I think it was effective. I think they got their message
• 4:05
  across so we have a little bit of details on that as well and
• 4:09
  breaking news we're really not going to cover this I I I truly
• 4:12
  believe it's noise but I am going to mention this SPF got he
• 4:18
  he he got sentenced to I believe it's between 20 to 25 years
• 4:22
  obviously with good behaviour really served like 80% of the
• 4:25
  original sentence so do you guys think that's fair let us know
• 4:29
  down in the comments. I personally believe the amount
• 4:34
  of money of which he scammed from people.
• 4:38
  I I believe he could have she should have got more.
• 4:41
  But at the same time he was kind of like the darling of a a a lot
• 4:45
  of the industry people were calling him the next
• 4:47
  Rockefeller. You heard that he donated to
• 4:51
  both political parties. So it's it's funny how that
• 4:54
  works. Right.
• 4:55
  And then people like Julian Assange, you know Ron Ross
• 4:59
  Albrecht, you know they're serving like multiple life
• 5:03
  sentences or you know they've been in prison for a very long
• 5:06
  time but someone who steals billions of dollars like
• 5:12
  actually hurts a lot of people. It's interesting how the
• 5:16
  sentencing is different and it's, it's, it's almost as if
• 5:19
  he's, you know, he's playing by a different set of rules.
• 5:22
  In a way, that's what it looks like from my perspective.
• 5:26
  It's almost as if he's, he cozied up to the cartel.
• 5:30
  And when I say the cartel, I really mean the traditional
• 5:33
  financial system, the the banking system.
• 5:36
  And you know, he was their wonderboy and all of a sudden
• 5:40
  he's being protected in a way. It's very, very strange.
• 5:43
  And another part of the news as well is the idea that, you know,
• 5:48
  a lot of people got made whole. No, no, no, they got made whole
• 5:52
  in dollar terms. They did not get made whole in
• 5:56
  Bitcoin terms. Right.
• 5:58
  So a lot of people got absolutely wrecked.
• 6:01
  So very, very interesting. I think it's up for discussion.
• 6:03
  Let let us know what you guys think about it in the comments
• 6:06
  and if if you guys really care to know about this like you
• 6:08
  know, to for us to cover this, we'll cover it on tomorrow's
• 6:11
  episode. Anyways, no more delay.
• 6:13
  I do want to bring up by legendary Co host.
• 6:15
  He's always optimistic. How you doing Opti?
• 6:18
  Well, I am doing all right, man. I'm feeling kind of devastated
• 6:23
  this morning, 'cause I'm getting absolutely naked in the March
• 6:26
  Maxi Madness right now. Adele is nuking me.
• 6:29
  I don't. I don't know if my ego can deal
• 6:30
  with this today. Oh man.
• 6:33
  But other than that, everything's great, man.
• 6:34
  We live on the Bitcoin standard. We're Bitcoiners.
• 6:36
  Life's good. We get to watch Clown World.
• 6:38
  But yeah, man, very interesting seeing the SBF news drop this
• 6:41
  morning. And if you compare that to, you
• 6:44
  know, Ross Ulbricht double life in prison for creating a
• 6:47
  website, it's hey, you know, make make of that what you will.
• 6:51
  But anyways, let's bring in our guests, 'cause I'm super hyped
• 6:54
  on this. We got Ant, the creator of time
• 6:56
  change stats on the show today and you don't know what time
• 6:59
  change stats is. It's an epic website.
• 7:02
  I use it basically every morning.
• 7:04
  You guys, you guys got to use it.
• 7:05
  So anyways, Ant, how you doing today?
• 7:07
  Good to have you really digging the mask today.
• 7:10
  This is an epic, epic vibe. Yeah, I got a little cold.
• 7:14
  I don't want to get you all sick.
• 7:15
  Let's. Go.
• 7:19
  Oh man. It's good to see you guys again.
• 7:23
  Let's see, Nico. I don't know.
• 7:24
  The last time I saw you, I think it might have been on the east,
• 7:27
  on the West Coast, Opti, I think maybe I saw you on the East
• 7:31
  Coast. Yeah, no, I think it was Pacific
• 7:35
  Bitcoin the last time I saw you. Maybe.
• 7:38
  I don't know. It's all a blur, dude.
• 7:39
  It's all a blur. Dude, I mean, it's been a minute
• 7:43
  time. Change stats is awesome.
• 7:45
  It's a great way to check the Bitcoin stats.
• 7:49
  It's very unique and it's an awesome contribution to the
• 7:51
  community. So I think it's important that
• 7:54
  we cover, you know, these types of things, these types of
• 7:57
  projects that bitcoiners are contributing to their overall
• 8:01
  Bitcoin ecosystem. Anyways, ladies and gentlemen,
• 8:04
  Opti's laughing. I don't know what.
• 8:05
  No, it's a chat, dude. Sorry, I'm not laughing at you.
• 8:08
  It's a chat. The chat.
• 8:09
  Yeah. Yeah.
• 8:10
  Just keep going. Keep going.
• 8:11
  Keep going. The chat's going absolutely ham
• 8:14
  people are celebrating the SPF. Madoff got 150 years.
• 8:17
  FBSPF was just a bad yeah, I mean interesting people are
• 8:22
  saying why are you hidden that's.
• 8:25
  Opsec, guys. Come on, Opsec.
• 8:28
  Oh yeah. I mean, really.
• 8:29
  You know, I mean on any of these things.
• 8:31
  My. I mean, I do.
• 8:31
  You mean our Do you mean our guest or do you mean the live
• 8:34
  stream? Let us know down in the chat,
• 8:36
  let us know, let us know in the chat.
• 8:38
  If you could find the simply Bitcoin live stream this morning
• 8:41
  'cause we're getting some some mixed messages from people.
• 8:44
  Anyways, guys, it's gonna be a great show, extremely excited.
• 8:47
  Let's jump into it. We have a lot to cover, but
• 8:50
  before we do get into it, I do want to give a very special
• 8:53
  shout out to Bitcoin. Well, simply Bitcoin's lead
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  sponsor. Bitcoin Well is the first
• 9:00
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  All right everybody, let's get to the numbers.
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  We have a lot to talk about today.
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  Let's check it out the Bitcoin numbers.
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  836,687 blocks to having 3313 having estimate April 20th 2024
• 12:02
  Total Lightning network capacity 4376 Bitcoin Capacity Value 310
• 12:09
  million U.S. dollars Realize monetary inflation 1.73% The
• 12:14
  market capitalization of Bitcoin currently at 1.4 trillion U.S.
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  dollars Bitcoin versus gold market cap 10.1% The grand
• 12:25
  scheme of things Bitcoin is just getting started.
• 12:27
  Anyways, here's a clip of Michael Saylor being asked.
• 12:30
  Here's Trey Sailors from Unchained says quote.
• 12:33
  I've made five times more buying MicroStrategy than buying
• 12:36
  Bitcoin. Should we just buy your stock?
• 12:39
  Let's check out Sailor's answer. Here we go.
• 12:43
  Hi, I love what you're doing in your stock.
• 12:46
  In fact, I've made five times more on your stock and
• 12:50
  derivatives around it than buying Bitcoin.
• 12:53
  So one of my questions would be, why should we buy Bitcoin?
• 12:56
  Why don't we just buy your stock?
• 12:58
  And what do you think the halving event is really going to
• 13:01
  do to the price? Bitcoin's a commodity.
• 13:04
  It's an asset without an issuer. Whenever you invest in a
• 13:08
  company, you're taking counterparty risk.
• 13:11
  In order to invest in my stock you should reasonably read 1000
• 13:15
  pages of disclosures And and I'll make the obvious point
• 13:20
  people in Nigeria can't self custody micro strategy stock so
• 13:26
  So what we're trying to solve the problem of creating
• 13:29
  integrity sovereignty you know truth and hope for the world
• 13:35
  that's going to be done by our protocol right.
• 13:38
  Micro strategy is is simply a high performance business right
• 13:43
  there's a lot of other there's a lot of other businesses and we
• 13:46
  every business does their thing in in the world as best they
• 13:50
  can. So we offer a very particular
• 13:53
  thing to us. We offer convertible debt to
• 13:56
  convertible arbitragers and they have billions of dollars of
• 14:00
  capital and they can only convertible arbitrage.
• 14:03
  So if we didn't give it to them, their capital wouldn't come in
• 14:06
  the ecosystem. And so that 1.4 billion that I
• 14:10
  got came from them that went into Bitcoin, I need to do
• 14:14
  something for them. It's a complicated something.
• 14:18
  There's a lot of volatility to it, right?
• 14:21
  There's a limit to how much we can do.
• 14:23
  We just buy your stock there. I, you know, the truth is I
• 14:27
  would recommend anybody that's interested in Bitcoin.
• 14:30
  They should study Bitcoin before they buy anything.
• 14:32
  And then after they study Bitcoin for $100, they ought to.
• 14:37
  I would say you ought to buy the Bitcoin.
• 14:39
  The real debate ought to be do you buy the Bitcoin in self
• 14:42
  custody? Buy the Bitcoin institutional
• 14:44
  custody, Buy the Bitcoin through an ETF.
• 14:47
  Because Bitcoin is the innovation, right?
• 14:51
  Bitcoin is the innovation if you're if you are a professional
• 14:55
  investor and you have billions of dollars of capital.
• 14:58
  By the way, I, the investors of my company aren't allowed to buy
• 15:01
  Bitcoin, nor are they allowed to buy the ETF.
• 15:04
  Their charter is here's $10 billion you have to invest in
• 15:08
  publicly traded operating companies.
• 15:11
  So my company is meeting a need for certain types of investors
• 15:15
  that are sophisticated. I'm not here to promote my
• 15:18
  company, right? I expect Bitcoin will be here
• 15:22
  1000 years from now. My company won't be.
• 15:25
  I won't be right. There's not much to be said
• 15:28
  there. I mean, that's a really strong
• 15:32
  statement, right? He's like, look, I'm sure that
• 15:34
  bitcoin's going to be here 1000 years from now.
• 15:38
  I don't, I don't think my company will be here 1000 years
• 15:41
  from now. I mean, like it's pretty humble
• 15:44
  to say that, right? And you know, I like the other
• 15:48
  aspect, which is like, look like a lot of people that are buying
• 15:51
  my stock, they don't have the legal Ave. to get exposure to
• 15:57
  Bitcoin. So their way of getting exposure
• 16:00
  to Bitcoin is by buying my company.
• 16:02
  And then he said, look, I'm not here for this, I'm here for
• 16:05
  Bitcoin at the end of the day. But at the same time, you can't,
• 16:08
  you can't deny that Michael Saylor has provided A tremendous
• 16:13
  amount of shareholder value for anyone who is buying the micro
• 16:17
  strategy stock. That's undeniable at this point.
• 16:21
  Absolutely crush it. But look, coming from my
• 16:24
  perspective, 5X is a lot for sure.
• 16:27
  But then you kind of go down the trading aspect and what I've
• 16:32
  noticed is that hindsight is 2020, right?
• 16:36
  You know, there's a lot of things that outperform Bitcoin
• 16:39
  in in the short term, but in the long term it's a totally
• 16:44
  different conversation. And what I've tended to notice
• 16:47
  is the people that have just stayed stumped, stayed humble,
• 16:50
  stacked SAT's, just bought Bitcoin, earned Bitcoin, mine
• 16:53
  Bitcoin, taking that Bitcoin into self custody, have
• 16:57
  patience, have tended to ended up with more Bitcoin, and have
• 17:01
  tended to end up in a much better financial situation than
• 17:05
  the people that tried to time the market, trade the market.
• 17:09
  So that's what we advocate for here on simply Bitcoin is just
• 17:12
  just buy spot Bitcoin, take it into self custody, low time
• 17:17
  preference. And over time I promise you,
• 17:21
  actually, I'm going to use an even stronger word.
• 17:23
  I guarantee you that your life will get better because it will
• 17:28
  get cheaper. The things around you will
• 17:30
  become less expensive. It's awesome living on a Bitcoin
• 17:33
  standard. It's awesome living on a
• 17:35
  deflationary standard. Highly recommend it for every
• 17:38
  for anybody who's listening. Anyways, Opti with your take on
• 17:41
  that sailor was a is a bit humble in his response.
• 17:44
  I liked it. Yeah.
• 17:46
  I mean the Allure of buying some MicroStrategy right now I I
• 17:51
  think we're seeing this on Twitter as well.
• 17:53
  Like all the Bitcoin Maxis are arguing right now.
• 17:56
  It's like do I buy MicroStrategy or do I just buy Bitcoin numbers
• 17:59
  going up on the MicroStrategy stock?
• 18:01
  Like it it's been absolutely ripping.
• 18:03
  I I don't own any. But I I'd be lying if I didn't
• 18:07
  say like man, just throw a little money on MicroStrategy.
• 18:09
  It's going to go up. It's it's just it's almost going
• 18:11
  parabolic right now. But of course I just hold
• 18:15
  Bitcoin. We were talking about it
• 18:16
  yesterday. It's like I only, I only hold a
• 18:18
  few things and it's Bitcoin. Simply Bitcoin and my recording
• 18:22
  gear. That's like basically all I own
• 18:24
  right now. And it just simplifies your
• 18:26
  life. Like, I really like how Michael
• 18:27
  Saylor put it. In context.
• 18:29
  He's like my company is not going to be here in 1000 years.
• 18:32
  You know, I'm not going to be here in 1000 years.
• 18:33
  Like Bitcoin as far as we can tell, will be here for the long
• 18:37
  term. And it's something that you can
• 18:39
  hold long term that doesn't have counterparty risk.
• 18:42
  And I love how Saylor was saying all this.
• 18:44
  And you can tell it's just like going over that guy's head.
• 18:46
  He's like, wait, so number goes up, goes higher on micro
• 18:50
  strategy. I I should just buy micro
• 18:52
  strategy. And I mean guys, we we say it
• 18:55
  all the time like Bitcoin is the stable money in the world.
• 18:58
  This is what you want to be holding.
• 18:59
  Yes, of course if you want to, or rather if you have money in
• 19:03
  the financial system and like Saylor was saying and you can't
• 19:06
  get it into Bitcoin, you can't get it into ETFs.
• 19:08
  And of course buy some micro strategy like I don't think
• 19:11
  there's a one-size-fits-all blueprint here.
• 19:14
  But hey, if you have cash on the sidelines and you're looking for
• 19:19
  something, then of course it's simply Bitcoin.
• 19:22
  Just just simply buy some Bitcoin hold it in your own
• 19:25
  custody and and go live life you know Bitcoin and chill.
• 19:28
  It's it's so much easier. I I don't want to be a trader,
• 19:30
  but man the micro strategy stock is going parabolic.
• 19:33
  It's pretty crazy anyways. And what's your thoughts on
• 19:35
  this? I don't trust those legacy
• 19:39
  markets anymore. Guys like, you know, like a lot
• 19:43
  of people when I got off 0 IT, it was literally cashing out my
• 19:48
  my stock account and you know moving that money over into
• 19:52
  Bitcoin. So you know, it's like and I
• 19:54
  never looked back like, you know, I tried to trade back in
• 19:56
  those old days on the on on on the market and stuff and it's
• 20:00
  just, you know you hold Facebook forever and it doesn't even
• 20:03
  move. Or when it does you got locked
• 20:05
  out of the real IPO. You know, they had the IPO, but
• 20:08
  like you didn't really get that first.
• 20:10
  That first piece, you know they talked about Alibaba stock and
• 20:14
  and how that was going to be like the IPO of the century.
• 20:17
  You had to get into that, you had to get into it and like you
• 20:20
  know they did well, like Alibaba did well.
• 20:21
  But but I remember personally, you know trying to be in that
• 20:24
  IPO and it was like if you weren't in the club like you
• 20:27
  didn't get to be a part of it. You know, like I just don't
• 20:30
  trust those legacy markets with your 4O1K.
• 20:33
  If you're if you're trapped in that like you know you know it,
• 20:36
  I guess it could make sense. But to me, you know listening to
• 20:39
  all that that I just listened to, it just comes down to you
• 20:42
  know, who's issuing it like like who are you buying that from And
• 20:47
  you know that that's kind of the, the, the bottom line for
• 20:49
  me. I I just can't trust those
• 20:50
  legacy markets anymore. 100% guys, if you're enjoying If
• 20:54
  you're enjoying the show, make sure to smash that like button
• 20:58
  right now. We're currently at 64 likes.
• 21:01
  Help us break 100 likes within the first hour of the live show
• 21:05
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• 21:06
  If you're watching us on Twitter, make sure to smash that
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  like button. If you're watching us on,
• 21:10
  rumble, smash it as well. Wait, wait, Miko, can, can I,
• 21:14
  can I read this comment right here, Chefs at the Jose Salgado
• 21:16
  guys. They haven't unlocked the guests
• 21:18
  yet. Oh man, but but yeah, no, I I
• 21:23
  agree with you 100% and I I don't trust the legacy markets
• 21:28
  whatsoever. You know, that's why I'm all in
• 21:31
  Bitcoin. That's what I like.
• 21:33
  I like the fact that it's in self custody.
• 21:35
  I like the fact that I completely control it.
• 21:38
  You know, I I don't, you know, I think it's a one way door too.
• 21:42
  I think once people feel the power of self custody, you know,
• 21:47
  I think I think it kind of changes your outlook.
• 21:49
  But I mean I'm not going to name any names, but I've had some
• 21:52
  interesting conversations with on simply Bitcoin IRL with you
• 21:59
  know, people that are older people that have accumulated,
• 22:02
  you know, large net worth and they feel a little bit
• 22:04
  differently. They they like the convenience
• 22:06
  of the ETF. They like the idea of, you know,
• 22:09
  oh look, this is super easy. I already have money in my
• 22:12
  brokerage account. It's so easy for me to just, you
• 22:15
  know, oh, look, let's just buy the ETF.
• 22:17
  It's easy. I don't have to take it out of
• 22:19
  my brokerage account. But I don't know, maybe it's
• 22:21
  because we're from the younger generation that got completely
• 22:25
  effed during the 2008 financial crisis and we're a little bit
• 22:29
  more skeptical of the system. But yeah, I think that if we
• 22:33
  actually want to change things like, of course it's, it's nice
• 22:36
  to get rich. It's nice for number to go up,
• 22:38
  right. But I think that there is a
• 22:40
  different aspect of this 100%, which is a peaceful revolution.
• 22:44
  The peaceful, peaceful revolution consists of
• 22:47
  literally, you know, enough people taking self custody and
• 22:51
  then you know things completely change.
• 22:53
  I don't know. And what do you think about
• 22:54
  that? Yeah, I mean I I think that if
• 22:58
  you're one of these corporations managing a, you know, a
• 23:01
  corporate treasury and and it may be hard to to hold Bitcoin
• 23:05
  directly in your, you know, company.
• 23:06
  Like I can imagine the CFOs walking up to their boss and
• 23:11
  even still with the conversation like if they would have bought,
• 23:14
  you know, move just like a fraction of their treasury into
• 23:16
  the into the into Bitcoin, you know, during the last cycle,
• 23:20
  especially during like say the COVID crash or even before that,
• 23:23
  you know, when it was hanging around 4000.
• 23:25
  You know, if they would have put, you know, a fraction, you
• 23:28
  know, they could potentially be sitting on, you know, a large
• 23:31
  treasury right now just in that one piece.
• 23:34
  But you know the companies will be afraid to do it.
• 23:35
  Like the companies can't do it in some ways their hands are
• 23:38
  tied depending on what you know, the way the company is
• 23:40
  structured and set up. So there's going to be a, you
• 23:43
  know, people that this product and this type of product, you
• 23:46
  know, this legacy, you know, Bitcoin ETF type product that
• 23:51
  will appeal to these, to that you know, type of person.
• 23:54
  And then of course also these older boomers, you know, they're
• 23:57
  just so scared of buying Bitcoin, you know, and it's it's
• 24:00
  just funny to see, I mean I get it like the clock on their VCR
• 24:04
  is still flashing and they still have AVCR, but it's just, you
• 24:07
  know, I mean you just have to kind of see it it go it it.
• 24:11
  I think that's, you know, there's a couple of little stuck
• 24:14
  use cases like that. Like I said, if your 4O1K, you
• 24:17
  know you may have that thing stuck in in some you know basket
• 24:22
  of like midcap, whatever, you know whatever your stuff is and
• 24:25
  it's just not even moving barely moving.
• 24:27
  I mean maybe it makes sense to to build some kind of a Bitcoin
• 24:30
  basket. You know if you're stuck in
• 24:32
  there anyway and you have the ability to do it.
• 24:34
  I just think a lot of these companies are stuck.
• 24:36
  You know it would be great for more companies to to jump off
• 24:40
  you know and and add Bitcoin to their to their corporate
• 24:43
  treasury, but it you know it's just going to take more time a.
• 24:46
  100%, yes it's it's going to take more time and but I think
• 24:50
  it's I think it's irresistible I think people are just you know
• 24:54
  but I, I, I, I I think that if you see what is happening with
• 24:58
  Michael Saylor and what he's doing and that the fact that
• 25:02
  it's succeeding you can't just ignore it 100%.
• 25:07
  I, I I would say that you know you put your not only do you put
• 25:10
  your company in a bad situation, but you're actually, you can
• 25:15
  make the case that you're hurting your shareholders
• 25:17
  because you don't have exposure to Bitcoin.
• 25:19
  Right. So yeah, I, I, I think it's it's
• 25:22
  inevitable that you know all these companies follow in
• 25:26
  Michael Saylor's footsteps eventually.
• 25:28
  I don't know how long they'll be able to hold out for.
• 25:31
  I do want to give a very special shout out to our merch drop and
• 25:34
  of course we teamed up with a Bitcoin artist called Asanoa and
• 25:38
  we have all these different, you know, shirts and stuff.
• 25:42
  Of course buy Bitcoin first. But if you guys want to help
• 25:45
  support simply Bitcoin and help us stay independent, you guys
• 25:50
  could support us by buying some of our merch.
• 25:52
  So we have the Peaceful Bitcoin Revolution with the Guy Fawkes
• 25:56
  Mass. We have the Gold Bitcoin pill
• 25:59
  shirt. We have a Gold Bitcoin snapback.
• 26:01
  We have a Gold Bitcoin Dad hat. We have the Woman's Peaceful
• 26:04
  Revolution tank. We have the Woman's Bitcoin Pill
• 26:07
  tank. Go check it out.
• 26:09
  You can check the link in the video description or check the
• 26:11
  the QR code on your screen. All right everybody, let's get
• 26:16
  some news. We have a lot to talk about the
• 26:20
  Daily News. I want to give a shout out to
• 26:24
  our sponsor, Foundation Devices. It's self custody done right.
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  you. Check out the passport link in
• 27:16
  the show notes below to learn more.
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  Guys, I made it incredibly easy for you guys.
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  You could scan the QR code on your screen.
• 27:23
  It'll take you directly to the Foundation Devices website where
• 27:26
  you guys can get yourself a Passport hardware wallet.
• 27:29
  Remember guys, not your keys, not your cheese.
• 27:33
  Quick ETF update. So BlackRock continues to stack.
• 27:39
  Yesterday they had 245,000 Bitcoin, today they have 200,
• 27:43
  They have a quarter million Bitcoin.
• 27:46
  The Fidelity one seems to be going a little bit sideways with
• 27:48
  143,000 Bitcoin. But just to kind of give you
• 27:52
  guys an idea, right, the vast majority of Bitcoin is still
• 27:57
  held by the early adopters, it's still held by individuals.
• 28:01
  It's about 11,000,000 Bitcoin that is held by people, right?
• 28:05
  Just to kind of give you guys a, you know, an idea, yes, you
• 28:09
  know, these large asset managers are coming in.
• 28:11
  Yes, you know, this large public company, Michael Saylor is
• 28:14
  coming in, but the vast majority of Bitcoin is still held by
• 28:18
  people. Anyways, this is the video that
• 28:21
  I wanted to play for you guys today.
• 28:22
  Again, I think it's a historic video, major milestone in
• 28:26
  bitcoins history. Here you have Larry Fink, the
• 28:29
  BlackRock chairman and CEO, the largest asset manager in the
• 28:33
  world, and he's going on Fox Business and he's saying some
• 28:36
  interesting things. Let's check it out.
• 28:37
  No, look, I'm I'm very bullish on the long term viability of
• 28:43
  Bitcoin. I.
• 28:44
  Was just saying. Did that surprise me that?
• 28:45
  Surprised me how much that's gone up.
• 28:47
  I mean look at it's, it's it is we're we're creating now a
• 28:51
  market that has more liquidity more transparency and I'm I'm
• 28:55
  pleasantly surprised and it would never have predicted it
• 28:58
  before we filed it that we were going to see this type of
• 29:01
  retail. So you thought you'd do?
• 29:03
  Good, but not this good. I thought, well.
• 29:07
  Ibid Ibid. Is your ETF over at iShares?
• 29:11
  It's about to overtake Grayscale, which was in the
• 29:15
  business certainly a lot longer. You look at the gains since
• 29:20
  January 11th when it first came about.
• 29:23
  Have you ever? Seen this much inflow this
• 29:26
  quickly into. Ibid is the fastest growing ETF
• 29:30
  in the history of ETFs. Look, I'm I, I'm very bullish on
• 29:36
  the long term vibe. It's looping, yeah.
• 29:40
  So the I bit BlackRock Bitcoin ETF is the fastest growing in
• 29:46
  the history of ETFs. Like, that's all you need to
• 29:48
  know, right? And this is Bitcoin's incentives
• 29:52
  doing what Bitcoin's incentives do best.
• 29:54
  I think you can't, you can't just look away, right.
• 29:58
  I don't think it's a coincidence that the Vanguard CEO said, oh,
• 30:02
  I'm not going to continue being the CEO about a month after he
• 30:06
  said that a Vanguard was not going to release a release a
• 30:10
  Bitcoin ETF. I think everyone is going to
• 30:12
  eventually bow down to the king. Now this is just institutions.
• 30:17
  This is just public companies, public companies.
• 30:20
  But eventually, I think it's going to be governments.
• 30:23
  I think it's going to be central banks and they can't.
• 30:26
  They just, they're not going to be able to resist bitcoins,
• 30:29
  incentives. And I think this is a testament
• 30:31
  to this. Look, let the numbers speak for
• 30:34
  themselves. Another thing that I wanted to
• 30:35
  mention too is do you remember how much pushback they got from
• 30:40
  the federal government? You remember that guys, Of
• 30:43
  course you remember that, right? Do you remember the like the
• 30:46
  slow walking from Gary Gensler? Then when they finally approved
• 30:50
  it, he was like grinding his teeth.
• 30:52
  He like wrote like a basically. And as I saying, this is a
• 30:55
  terrible idea. I mean, why did the government
• 30:58
  step in and want to stop something that clearly, clearly
• 31:04
  the market wanted? What is is the government, Does
• 31:08
  the government really have a role?
• 31:09
  Is that the government's role in the economy, in in in in just in
• 31:15
  the the role in people's lives to get to dictate what's OK and
• 31:18
  what's not OK? And I think that's just Bitcoin.
• 31:22
  Doing what Bitcoin does best, it exposes incentives, and I think
• 31:25
  it expose incentives there. But anyways, this is, this is
• 31:30
  crazy. I can't believe this, mind you.
• 31:32
  Five years ago, in 2017, Larry Fink was literally saying that
• 31:37
  Bitcoin was no better than it was.
• 31:40
  An index of money laundering, so to speak.
• 31:43
  You know, Fast forward five years later, Bitcoin's
• 31:45
  incentives. Michael Saylor also said that
• 31:49
  Bitcoin's days were numbered. Then what happened?
• 31:52
  Fast forward a couple years later and you know Michael
• 31:55
  Saylor is one of the biggest Bitcoin proponents to the point
• 31:59
  where he's on video literally saying I don't know if my
• 32:01
  company is going to be around in 1000 years, but I know for a
• 32:04
  fact Bitcoins going to be around anyways.
• 32:07
  Here's Hottel 15 Capital. So the strong net inflow day for
• 32:12
  US Bitcoin ETFs with 254,000,000 today despite 300 million
• 32:18
  outflow by GBTC. So we had a positive inflow day
• 32:22
  GBDC. Look, there's another thing that
• 32:24
  you guys have to keep in mind, right?
• 32:26
  They started out with like 600,000 Bitcoin.
• 32:28
  They're down to 350,000 Bitcoin. Eventually they're going to run
• 32:33
  out of Bitcoin to dump, to sell, right?
• 32:35
  That's just the reality. You can only do that once.
• 32:38
  And we learned that during the fork wars, right you had the
• 32:41
  largest cabal, the largest, the most powerful companies in
• 32:46
  Bitcoin at the time you had, you had Jihan Wu, you had bit main,
• 32:52
  the largest Bitcoin ASIC manufacturers and they literally
• 32:55
  wanted to change Bitcoin to benefit themselves.
• 32:59
  And the people rose up and said no, right.
• 33:02
  And what ended up happening? Not only Rodger, Ver and Jihan
• 33:09
  ended up burning through a lot of Bitcoin that they had to
• 33:14
  artificially make the Bitcoin cash hash rate higher and to
• 33:18
  convince people for a short amount of time because it was
• 33:21
  very expensive to do this. And I believe they did it
• 33:24
  through the South Korean exchange.
• 33:26
  They tried to psyop people into believing that Bitcoin Cash was
• 33:30
  the real Bitcoin. But you know what happened?
• 33:32
  They ended up running out of Bitcoin to be able to fund that.
• 33:37
  And then what ended up happening?
• 33:38
  Market incentives took over. If you take a look at the
• 33:41
  Bitcoin cash rate, Bitcoin Cash hash rate, today, it is
• 33:45
  literally dead. It's going sideways.
• 33:47
  If you take a look at the Bitcoin hash rate, it is
• 33:50
  literally going absolutely parabolic, right?
• 33:54
  So anyway, so want a little quick ETF update and then also I
• 33:58
  want to talk about this as well before I get our panel's
• 34:00
  thoughts. Check this out.
• 34:03
  Kind of like a marketing thing by Maripol Marathon.
• 34:08
  It says why did Marathon Digital Holdings Maripol just mine a
• 34:11
  block with their logo on it? I'll get to that.
• 34:14
  But here. But first here's some of the
• 34:16
  things I haven't seen anyone talk about one.
• 34:18
  Each coloured square represents a transaction in the block 2.
• 34:22
  To achieve this visual effect, the block was constructed with
• 34:26
  the mempool spaceblock visualizer in mind.
• 34:29
  Three the different colors are achieved by including different
• 34:33
  fees in each transaction. 4. All the transactions were for
• 34:37
  zero Bitcoin fees paid for each of the squares.
• 34:41
  Green eight cents. Orange $11.21 A maroon $149.46
• 34:50
  Total fees paid 122,542. But that doesn't matter because
• 34:56
  Marathon paid these fees to itself.
• 34:58
  So why did they do this? For marketing and attention
• 35:01
  purposes and has worked beautifully.
• 35:03
  Because any press is good press, right?
• 35:07
  I mean, look, that's it depends like really ideologically how
• 35:14
  you see it there right now, it's very contentious in the Bitcoin
• 35:17
  community, a lot of people feel very strongly about ordinals.
• 35:21
  People feel very strongly about certain things that people are
• 35:24
  putting into blocks because people feel that block block
• 35:28
  space is precious. But on the other side, people
• 35:31
  are saying, OK, like look like it's a free market, like this is
• 35:34
  a minor they can they're totally in their right to do this if
• 35:37
  they want to set money on fire, if they want to miss out on the
• 35:40
  fees just to do this for, you know, a marketing gimmick, like
• 35:44
  they're perfectly entitled to do so, right.
• 35:47
  So I don't know, it is a very kind of contentious hot button
• 35:50
  issue, which is exactly why I'm going to throw it to Ant.
• 35:53
  Ant, what's your thoughts on this?
• 35:55
  And then the Black Rock stuff. Well, I mean, I don't want to
• 35:59
  talk about the Black Rock stuff, but I will say that the as far
• 36:02
  as the marathon thing, I mean, you know, people just need to go
• 36:04
  back and and remember Marathon's actions.
• 36:07
  All we have in this space are our actions.
• 36:09
  As far as this block, a lot of people got upset and got all
• 36:12
  heated and they, you know, put it in, in different contexts and
• 36:15
  some people don't really care about it and stuff.
• 36:17
  You know, the reality is people are playing around with Bitcoin
• 36:20
  and you know, it's a there's a new protocol and some people are
• 36:24
  playing with it in ways that, you know, other people don't
• 36:27
  like Some people are not playing with it at all, you know, and
• 36:31
  and the reality is we're all just here.
• 36:36
  It's such a nascent time in in bitcoins history that you know,
• 36:40
  we're all just kind of seeing this play out.
• 36:41
  It's going to keep happening in wave after wave.
• 36:43
  There's going to be a tax and there's going to be, you know,
• 36:46
  people coming in and and and from our perspective, we've been
• 36:49
  here for a while and we'll keep seeing it for what it is.
• 36:52
  But you know, there's a lot of people that that won't be able
• 36:56
  to properly contextualize that and and that's going to be the
• 36:59
  interesting thing to see. 100% Opti, what's your thoughts on
• 37:03
  this? Yeah, I'll start with the Mara
• 37:06
  stuff. You know, I, I totally agree
• 37:08
  with what Ant was saying. I I'm personally a monetary
• 37:11
  maxi. But I also understand, you know,
• 37:13
  this is a free market and hey, if they want to do this, there's
• 37:18
  nothing I can really do to stop them.
• 37:19
  But also it does feel like a wasted block.
• 37:23
  And you know, people that need to actually transact on the
• 37:26
  network are basically being priced out so that they can do
• 37:28
  some marketing. And it's kind of like it seems
• 37:31
  very frivolous. Yeah, but.
• 37:32
  Isn't that isn't that like a slippery slope because it's
• 37:35
  like? That's what I'm saying.
• 37:37
  Yeah. It's like, you know, who am I to
• 37:39
  say I have my opinion? It is what it is.
• 37:42
  Like Ant was saying, new people are going to come to the space
• 37:44
  and more people are going to try to experiment and quote, UN
• 37:46
  quote, have fun on Bitcoin. Whereas I just look at like,
• 37:49
  man, saving in the hardest money in the world is is the most fun
• 37:52
  we can be having. Like this is the greatest thing
• 37:54
  ever. And then on the Larry Fink
• 37:56
  stuff, I I just want to comment one thing basically remember
• 38:00
  Larry Fink flooding Bitcoin for so many years and now he's like,
• 38:03
  Oh my God, this is the best thing ever.
• 38:06
  I am so bullish on Bitcoin again.
• 38:09
  I say it all the time. It's it's the, you know quote UN
• 38:11
  quote that I've been calling the billionaire playbook.
• 38:13
  You, you flood Bitcoin. You try to get the price low.
• 38:17
  You stack your bags and then once your bags are packed or
• 38:19
  your position is is oriented, then you start to embrace
• 38:24
  Bitcoin. And this is what we're seeing.
• 38:26
  You know, Larry Fink's pumping our bags, for better or worse,
• 38:29
  it it is what it is. You know, they're they're the
• 38:31
  new entrance into the space. And we've been seeing at least
• 38:35
  what how long has the ETF been out?
• 38:36
  Like two months, maybe almost three months now.
• 38:39
  You know Wall Street is loving Bitcoin.
• 38:41
  So I think this is, it was an inevitable progression of where
• 38:45
  what we're going to see in Bitcoin.
• 38:47
  But This is why we constantly double down on the idea of every
• 38:51
  single one of you guys running a node, taking Bitcoin into
• 38:54
  custody, not buying the ETFs because you you don't want to
• 38:57
  get rug pulled by Wall Street. This is why you want to hold the
• 39:00
  real thing, which is Bitcoin. It's the best money in the world
• 39:03
  to hold it yourself. Do not trust the middle men.
• 39:05
  Again, it's literally in the white paper.
• 39:07
  We don't need the middle men and yet people love the middle men.
• 39:10
  It's man, humans are funny. They they love convenience and
• 39:13
  and here we are. You know Larry Fink's
• 39:15
  capitalizing on it. He's got the the leader in the
• 39:18
  ETF race. They're making their fees off of
• 39:20
  this and hey, he's happy about it.
• 39:23
  And I guess this is just where we are.
• 39:25
  And This is why as a Bitcoin it's important for us to
• 39:28
  continue to double down on the Bitcoin first principles of
• 39:32
  taking Bitcoin in custody, buying the actual thing, running
• 39:36
  a node and and transacting with other bitcoiners so that the the
• 39:40
  circular economy does grow and people actually use Bitcoin as
• 39:43
  money instead of you know all this other crazy stuff going on.
• 39:47
  But hey it again, like Ant said, we're still so early in this new
• 39:52
  monetary experiment that is Bitcoin that we're going to be
• 39:55
  seeing new stuff like this happen.
• 39:57
  And and again it's only been like two or three months.
• 39:59
  So I'm sure the free market will will figure this out in the.
• 40:02
  The long run and guys, it's still under 100K, so like
• 40:06
  continue to stack sats as much Bitcoin as they're buying.
• 40:09
  The price hasn't started moving yet and I think we're going to
• 40:12
  see that after the halving. That's gonna start changing and
• 40:15
  I think people are gonna realize that they just need to hold the
• 40:18
  real thing. They need to hold Bitcoin. 100
• 40:20
  percent, 100%. Also in other news, I do want to
• 40:23
  get to this as well. And Ant is scaring the living
• 40:26
  shutty thing for anyone by the way, who's not familiar with
• 40:34
  just the Bitcoin ethos and just kind of Bitcoin culture and is
• 40:38
  he wants to remain anonymous, which I completely respect.
• 40:42
  And just just just in case you guys are new to the show and you
• 40:45
  have no idea why there's a guy in a tracksuit with the black
• 40:48
  mask on anyways. Dude, this is called fashion.
• 40:51
  Nico, what are you talking about?
• 40:53
  God. All right, so I do want to cover
• 40:55
  this SEC scores. Big win in lawsuit against
• 40:59
  Crypto Exchange Coin, but I love the chat.
• 41:02
  Great Grave Digger, says shadowy super super shadow coat hacker.
• 41:06
  Oh my God. Super shadow super coder.
• 41:09
  Oh my God. OK, anyways, so this is a CNNBC
• 41:12
  article SEC scores big win in Lawsuit against Crypto Exchange
• 41:16
  Coinbase here. The key points?
• 41:18
  The SEC scored a major win in a lawsuit against Coinbase.
• 41:22
  A judge ruled that the SEC claimed that the cryptocurrency
• 41:25
  exchange engaged in unregistered sales of securities could be
• 41:30
  heard by a jury at trial. Coinbase shares are trading
• 41:33
  around 2.5% lower on the news of the ruling in Manhattan federal
• 41:38
  court, so it's something that we've been covering over the
• 41:41
  last couple months. If you put a lot of these quote
• 41:45
  UN quote cryptocurrency and altcoins, if you put them
• 41:48
  against the so-called Howie test, that determines if
• 41:52
  something is a security or is not a security.
• 41:55
  A lot of, I would say the vast majority of that, I would say
• 41:59
  everything. But Bitcoin is technically a
• 42:01
  quote UN quote security, but they're going to have a hard
• 42:04
  time. I think the government's going
• 42:06
  to have a hard time proving its case, number one, because I
• 42:09
  think a lot of these, a lot of people hold a lot of these all
• 42:12
  coins. And #2 ethereum.
• 42:15
  With the Ethereum, which is clearly a security, vast
• 42:18
  majority of Ethereum still held by the Ethereum Foundation, the
• 42:22
  founders kept a big bag Ripple as well.
• 42:25
  But look, they're talking about Ethereum, potentially an
• 42:28
  Ethereum ETF being launched by BlackRock.
• 42:31
  I think there's a lot of money behind a lot of these altcoin
• 42:34
  projects. So I think a lot of people that
• 42:36
  are rooting for the government to step in and say hey
• 42:40
  everything else but Bitcoin is the security.
• 42:43
  You guys aren't thinking like capitalists really.
• 42:45
  Bitcoin has to win in the free and open market.
• 42:48
  Let let Bitcoin's incentives roll the day.
• 42:51
  Let the all coins do what the all coins do like rooting for
• 42:54
  government intervention so that your you know quote UN quote
• 42:58
  your bag wins. Your well Bitcoin wins.
• 43:00
  I think is like it's a little bit hypocritical right.
• 43:04
  It's a little bit hypocritical to what bitcoiners stand for
• 43:07
  which is this idea of small government.
• 43:09
  The government shouldn't be involved in our lives.
• 43:11
  So, little quick update there. Kind of interesting.
• 43:15
  And look, at the end of the day, Coinbase is like the quote, UN
• 43:20
  quote cryptocurrency exchange that is public.
• 43:22
  It's the darling, it's holding all these, the, all the ETFs,
• 43:27
  all their Bitcoin is being custodied by Coinbase.
• 43:29
  So they have a tremendous amount of influence in Washington, DC
• 43:33
  So I I don't know, man, 'cause that was kind of like a
• 43:35
  narrative. Remember that Opti like 6 to 9
• 43:38
  months ago, a lot of people are like rooting that.
• 43:41
  Like in a way, I saw it on Twitter.
• 43:43
  It's like a lot of people were like, yeah, like Cardano, it's a
• 43:48
  security, it can't be sold. But that's kind of like weird.
• 43:51
  It's like weird as a bitcoiner to like have that attitude.
• 43:54
  It's like, yeah, like okay, it's a security.
• 43:57
  We want the government to stop the trading on coin base like no
• 44:00
  bro, like let the free market do what the free market does best.
• 44:05
  Bitcoin is gonna win at the end. But a little quick update there
• 44:08
  on the coin base front. Opti, what's your take?
• 44:10
  Yeah, I mean it's just simple meme for me play stupid game to
• 44:14
  win stupid prizes. We saw that coin base has taken
• 44:17
  that shit coin route and now they are dealing with the SEC.
• 44:21
  That how we test is pretty clear and everything, but bitcoin's a
• 44:25
  security. So like I don't think we need
• 44:28
  new regulatory modes or updating of the the rules, but that's
• 44:32
  fine. I totally get it.
• 44:33
  I know, but. OK, but like, let's, like, let's
• 44:35
  talk about what you just said, right.
• 44:37
  It's like everything but Bitcoin is a security fine by the
• 44:39
  highway test. But this is like where like, I
• 44:42
  was a little bit confused because I saw this on Twitter
• 44:45
  where it's like, do you really want the government to step in
• 44:49
  and get to dictate who the winners and the losers are?
• 44:52
  Like that's really strange to me.
• 44:54
  No, I no, I don't. But also like, there's laws here
• 44:57
  and, you know, like. Opti's a status.
• 45:01
  Where's the. No, I'm I'm just saying like you
• 45:04
  can't just recreate something and expect to skirt the the
• 45:08
  consequences. I'm just like This is why I'm a
• 45:11
  bitcoiner. Opti's a status, it's.
• 45:13
  Why I'm a bit. Corner It's very simple.
• 45:15
  Bitcoin's the only thing that that can't be controlled bylaws
• 45:20
  or or by an individual like it. It's pretty clear as far as I'm
• 45:25
  concerned. But hey, you know, again, play
• 45:27
  stupid games went stupid. Prizes.
• 45:28
  But to be clear though, this case isn't fully closed yet.
• 45:33
  The chat is going ham, OK. All right.
• 45:36
  Hold, hold your, hold your thoughts for a second.
• 45:39
  I do want to pass it on to the actual purest bitcoiner on the
• 45:44
  show today. Just his appearance and
• 45:49
  everything and what are your what are your thoughts on this
• 45:51
  man? Do you do you see, you know,
• 45:53
  like where do you stand on this, 'cause I, I, I, I know where I
• 45:56
  stand, like, look, fine, it's a security, whatever.
• 46:00
  But the government going in there and getting to tell people
• 46:04
  what they can and what they can't buy, I think is absolutely
• 46:07
  absurd. Yeah, I mean, you know, there's
• 46:10
  a, there's definitely a state element that, you know, run, you
• 46:13
  know, position that runs in Bitcoin, especially right now in
• 46:17
  the early days. You know, where where are you on
• 46:20
  that line, what kind of government actions and state
• 46:22
  violence can be taken and whatever.
• 46:24
  Look we live in a framework already where certain laws exist
• 46:29
  and if you are going to break those laws, like I'm not going
• 46:32
  to shed a tear for you when you get caught and when you get
• 46:35
  dealt with by this government, like you know it's the way it
• 46:38
  is. And you know as far as this goes
• 46:42
  with Coinbase and and you know, I I mean we all know that it's a
• 46:47
  kind of a shit coin casino. I mean you you log into it, they
• 46:49
  got so much garbage on there that it's it.
• 46:54
  You know how long can it go? And the The funny thing for me
• 46:57
  right now would be like imagine if Coinbase and others have said
• 47:01
  it, not just me, but I mean imagine if it's Coinbase that
• 47:04
  takes on the big fall and they're like the FTX of this
• 47:06
  next cycle. Like not saying they're going to
• 47:08
  run the same kind of deal. They're not going to.
• 47:10
  I'm not trying to compare them and say they're going to run a
• 47:11
  fraud like SPF. I'm just saying like what if,
• 47:14
  you know, I mean they're holding all these ETFs, right, Like the
• 47:17
  custody of these things and and you know the the shit coins that
• 47:22
  they're having to operate with Like we've already seen when you
• 47:25
  allocate resources to these shit coins trying to make them
• 47:27
  viable. I mean it's how much money are
• 47:30
  you spending and and time and and you know it creates a from a
• 47:34
  security standpoint it creates like a larger attack vector as
• 47:37
  you know as far as like failure is concerned, you know it's it's
• 47:41
  more of a, it introduces more points of failure.
• 47:44
  So it would be funny to see that that they would be the ones that
• 47:50
  would potentially cause the big 80% if we're going to have
• 47:53
  another 80%. You know past performance
• 47:56
  doesn't predict future and all of that.
• 47:59
  So I, I, I I'm really curious to to hear what you guys think in
• 48:03
  the audience, right. So clearly I'm the free market
• 48:06
  maxi and and I think it's somewhere in between and I think
• 48:10
  Opti is all the way on the collectivist side.
• 48:15
  So but yeah, I mean look I am so jaded with the whole thing, you
• 48:22
  know, you know and this is an interesting conversation guys.
• 48:24
  If you're listening to the pre recorded version of the show,
• 48:26
  let us know down in the comments.
• 48:28
  Do you think it's, you know, right for the government to kind
• 48:31
  of step in and say, hey Coinbase, you shouldn't be
• 48:34
  selling, you know these altcoins cuz they're securities and then
• 48:38
  whatever do you believe like let the market kind of deal with it
• 48:41
  itself. Let us know down in the comments
• 48:43
  what you guys think but I'm just like I'm a bit jaded and and
• 48:50
  Opti because I saw what happened during the ETF rollout and it
• 48:57
  was so clearly manipulated and it was so they dropped the ball
• 49:02
  so bad. Like first some intern released
• 49:06
  it like that they were going to accept the ETF a day before,
• 49:09
  then they deleted the tweet, then Bitcoin bumped.
• 49:14
  Then the next day they're like you know what actually it is
• 49:17
  approved Bitcoin pumped again. So like they, the people that
• 49:20
  are supposed to stop the market from being manipulated, actually
• 49:25
  manipulated the market. And for anyone who had for
• 49:28
  whatever reason they're using leverage, they got completely
• 49:31
  wiped out because of the SC, CS actions.
• 49:35
  Forgive me if I'm skeptical, if that same government agency is
• 49:39
  tasked to kind of go in there and say, hey, I can't buy this
• 49:43
  and I I can't do this. I saw a comment in, I saw a
• 49:46
  comment in the live chat basically saying something like
• 49:49
  look like you know you can't sell cyanide in in the
• 49:53
  supermarket. But I mean like look like I'm,
• 49:57
  I'm kind of, I come, I, I, I come from the school of thought
• 50:00
  where if we're right about Bitcoin and Bitcoin is a
• 50:04
  superior asset and it has the best incentives, it will win in
• 50:09
  the free market without any help from any other, with any help
• 50:13
  from any institution or government or anything like
• 50:16
  that. That's what I believe and I saw
• 50:19
  your head shaking. What are your thoughts?
• 50:22
  I didn't know if you were venturing into the Bitcoin
• 50:25
  doesn't need anything to survive a conversation.
• 50:28
  And as I was hearing that, it was kind of sounding like that
• 50:31
  and I was like, I just don't agree with that, but go ahead
• 50:33
  please. No, no, no, no.
• 50:34
  I mean, Bitcoin doesn't need anything.
• 50:36
  I wasn't going into that. But what do you mean by that?
• 50:39
  Yeah, maybe I just misheard it. It's it's on.
• 50:41
  No, but what? What do you mean by?
• 50:42
  What do you mean by that? Like what?
• 50:43
  What is that? Argument.
• 50:44
  You know, you hear a lot of these people around here, like,
• 50:46
  you know you when you'll see them, they'll they'll say things
• 50:49
  like, you know, Bitcoin's inevitable, like it's gonna
• 50:51
  survive no matter what and we don't have to do stuff to it And
• 50:55
  like, it's gonna just eat the world no matter what.
• 50:58
  And you know, all attacks are good for Bitcoin and like all
• 51:02
  that other stuff. And it's just, you know, when I
• 51:04
  hear that, I, I, I start to shake my head.
• 51:06
  So that's what you just witnessed?
• 51:08
  Gotcha. Yeah.
• 51:09
  So, yeah, So to be clear, no, I don't think Bitcoin's gonna win
• 51:14
  by default. I think that and of course we're
• 51:17
  from the media side. So we kind of see it from the
• 51:20
  educational perspective, educational point of view, where
• 51:24
  this is about winning over the hearts and minds of people.
• 51:26
  This is about really getting people to wake up to the
• 51:29
  realities of they can take back their financial sovereignty,
• 51:33
  sovereignty through self custody by using the right, you know,
• 51:37
  you know, using a hardware wallet, using the right on ramps
• 51:40
  and all that stuff. I think that if we just kind of
• 51:43
  stay, stand still and do nothing, I think the other side
• 51:48
  they kind of have an advantage on the information front.
• 51:52
  I think a lot of people are still asleep and I think that
• 51:54
  they will willingly walk into the CBDC traps without any type
• 52:00
  of knowledge about it, right? So I I think that there's
• 52:04
  definitely a lot of work to be done as bitcoiners from an
• 52:07
  educational level, I opt in on technical guys, right?
• 52:12
  So maybe on the technical front, I I, I I can't really speak from
• 52:15
  a place of expertise on that side, but what's your take on
• 52:19
  that Ant? I mean, I just, I I just think
• 52:24
  that that we're early days and there's, you know, some of these
• 52:28
  thoughts about what could be good or bad for Bitcoin.
• 52:32
  Right now we're just, you know, none of us really know.
• 52:34
  It's like a it's like that old saying where, you know, you have
• 52:37
  that elephant and you got like 5 different people touching it,
• 52:40
  You know it. And they're trying to say like
• 52:41
  what? They're trying to describe like
• 52:43
  what it is. It's just so new and like, none
• 52:45
  of us really know. Like we're watching it, we're
• 52:47
  looking at it and we're seeing, you know, Bitcoin in our lives.
• 52:51
  The reality is the way that I view it is when I think of
• 52:53
  Bitcoin, I think that you know, since 2009 the entire world has
• 52:58
  been forcibly pushed into like extreme savings mode whether
• 53:04
  they know it or not. And it's like they literally
• 53:08
  every single thing, every single purchase, everything that you
• 53:11
  know is happening in your life has to be re examined.
• 53:15
  And I mean that that's kind of the way that I think about it.
• 53:19
  Gotcha. What can people do on an
• 53:21
  individual level? Like if you cuz you're you come
• 53:25
  from the school of thought that I come from, which is Bitcoin
• 53:28
  hasn't won yet. I think people have to take
• 53:30
  agency, they have to take action.
• 53:33
  What would what advice would you give to, let's say, your friends
• 53:37
  and your family? Yeah, I mean, I tried it all.
• 53:41
  You know, I did this. I did trading back in the early
• 53:44
  days and you know, I mean, I, I, I, I mined, I, you know, bought
• 53:48
  over the counter like, I mean, I I've tried.
• 53:50
  I've earned it from doing jobs like you know it at this stage
• 53:54
  in the game and you'll hear this too.
• 53:56
  It's almost like a trope, you know, bitcoins for saving and
• 53:58
  whatever. I mean it.
• 54:00
  It is though in the sense that I mean I just said it, We're under
• 54:03
  this hardcore like savings force now where in a deflationary with
• 54:09
  a deflationary asset like this that is like reflecting all of
• 54:13
  the other assets in real time and and and monetary instruments
• 54:17
  in real time. Then it comes down to the
• 54:20
  realization of OK well how many are there you know how many can
• 54:24
  I get. I I see that there's this thing
• 54:26
  and it's it's like blowing up like how many can I get.
• 54:29
  And you know you come into it with this investment mindset or
• 54:33
  trading and you know mindset you come in because number go up.
• 54:37
  But when you realize that we're just kind of living through this
• 54:40
  phase and you know we're not going to get another chance like
• 54:43
  it's us that are living through it like this to to accumulate
• 54:47
  this novel asset. And the fact that it's hard cap
• 54:52
  at 21 million units, it just makes it so that you know the
• 54:56
  the time is now. And so when you think about it
• 54:58
  in those terms, you know what I tell my friends and family is
• 55:02
  stop thinking about buying Bitcoin.
• 55:04
  Like just get that out of your mind.
• 55:06
  Like buying Bitcoin. You know, the idea would be you
• 55:10
  get paid from your job and I mean you can trade Bitcoin, you
• 55:14
  can do whatever you want, you can do shit coins, whatever it
• 55:16
  is you think to get more Bitcoin, whatever.
• 55:19
  But one of the most reliable strategies that I would tell my
• 55:24
  friends and family is you know you get paid by your job.
• 55:28
  Again, we're under this new like savings forced paradigm where
• 55:33
  you have to examine every single thing that you purchase.
• 55:35
  So now you say, you know I need to be careful with my money even
• 55:40
  more so than before. If I buy something today
• 55:42
  casually, it could turn out that this is like some $14,000 good
• 55:47
  that I'm buying today, you know, and you have to be really
• 55:51
  careful. So in that mindset, you pay your
• 55:55
  bills. You should be paying yourself
• 55:57
  first as one of those bills when you get paid.
• 56:00
  I mean, this is all finance one O 1.
• 56:03
  You bring Bitcoin into the course because at some point,
• 56:06
  hopefully, you may have a little bit leftover.
• 56:09
  And if you do, what do you do with it?
• 56:10
  You can put it in the bank, sure.
• 56:12
  You can put it in the stock market, sure, you can buy
• 56:16
  MicroStrategy, whatever. But you know it.
• 56:20
  It makes sense for many people to just put it in Bitcoin.
• 56:24
  So now you have this ongoing stream.
• 56:27
  It's not, I mean, some people may call it dollar cost
• 56:29
  averaging. I don't view it that way.
• 56:30
  It's like you're getting paid, You pay your bills, you save the
• 56:36
  rest in Bitcoin. Yep, bars it's it's it's as
• 56:41
  simple as that. It is literally as simple as
• 56:44
  that. People over complicate it, but
• 56:46
  it's really, really straightforward, right?
• 56:49
  Stay humble, Stack, Stack, stay solvent. 100% agree.
• 56:53
  All right, ladies and gentlemen, we have the culture segment left
• 56:57
  up. We're gonna talk more about this
• 56:59
  shadowy super coder that we have on today's show.
• 57:02
  We have Ant and the projects that he's working on.
• 57:06
  But before we do, so guys, we have 1112 people watching
• 57:11
  between you YouTube and X and we got about 63 of you watching
• 57:15
  live on Rumble. If you guys are enjoying the
• 57:17
  content, really, really helps with the algos.
• 57:19
  If you smash the like button on Rumble, it's grayed out, this
• 57:22
  grayed out thumbs up. If you smash it turns green on
• 57:25
  YouTube, you hit the like button and on Twitter you hit the heart
• 57:28
  button. Really, really helps push the
• 57:30
  orange signal forward. All right, ladies and gentlemen,
• 57:32
  let's get to the culture. We still have a lot to talk
• 57:34
  about today. Let's check it out.
• 57:38
  The daily culture all. Right ladies and gentlemen, I do
• 57:47
  want to give a shout out to Cabin Max.
• 57:49
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• 57:52
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• 57:54
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• 58:02
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• 58:26
  video description all. Right, man.
• 58:30
  And you've created what I think is one of the coolest projects
• 58:36
  out there. Time change stats.com.
• 58:38
  So maybe just give people the context, like where did this
• 58:41
  idea come from? What made you want to create
• 58:44
  this? And then we can kind of go in
• 58:46
  and dig on what is actually shown on the website.
• 58:50
  Yeah, sure. Well, first let me thank you
• 58:52
  for, you know, highlighting time chain stats.
• 58:56
  You know, for me it represents my journey in Bitcoin and my
• 59:01
  understanding in Bitcoin in the sense that I mean when I first
• 59:05
  came in there, there just wasn't a bunch of information that was
• 59:09
  that I could personally trust. There's a bunch of little
• 59:11
  websites and things and kind of disparate information in
• 59:14
  different places. Or you were trusting huge, you
• 59:17
  know, shit coin websites and you know, which was fine at the
• 59:22
  beginning of my journey. But, you know, as I was going
• 59:25
  along and y'all probably will understand this too.
• 59:27
  You'll, you know, you start saving things that you like.
• 59:30
  And I would save, you know, a little bookmark that I liked.
• 59:33
  Or I would find a site that I liked and I would I would save
• 59:35
  it. And it just kind of manifested,
• 59:38
  you know, I'm a web developer. And like I said before, you know
• 59:41
  it, it started up as just kind of like a bulletin board of of
• 59:45
  my things. Like things that I like, things
• 59:47
  that I was saving, you know, a site that I could send around to
• 59:50
  my friends and family. And over time, you know, as I
• 59:54
  became more like focused on Bitcoin only, I just, you know,
• 59:58
  you go through this understanding around the data.
• 1:00:01
  Look, there's tons of data dashboards out there.
• 1:00:03
  This is like public data off of the off of the network.
• 1:00:06
  I mean, you can go get this data yourself and and a lot of
• 1:00:10
  companies offer it for free, but there's just a.
• 1:00:17
  You know, and there's also much better dashboards by the way
• 1:00:20
  Clark Moody dashboard, you know, totally inspired a lot of the
• 1:00:23
  way that time chain stats developed.
• 1:00:26
  You know Bitbo has a ton of ton of charts.
• 1:00:28
  Like I feel like we're all kind of showing different
• 1:00:32
  visualizations of of this Bitcoin network.
• 1:00:35
  You know you have time chain calendar which is an excellent
• 1:00:39
  block block explorer historical displayer.
• 1:00:43
  I mean with time chain stats I didn't want to have to go to a
• 1:00:47
  bunch of different websites A and I also didn't want to have
• 1:00:51
  to go to you know sifting through a bunch of shit coins
• 1:00:54
  like I said in the beginning, it's fine.
• 1:00:55
  Like you go to coin market cap and you like look at all the
• 1:00:58
  shit coin ads and whatever else, you know to to get your Bitcoin
• 1:01:03
  information, you know, and I wasn't running a node.
• 1:01:06
  Not everybody's going to run a node.
• 1:01:07
  So, you know, but everybody should have access to this type
• 1:01:09
  of data, you know, without I believe, having to pay for a pay
• 1:01:14
  wall and and all this other stuff.
• 1:01:16
  So eventually I just built this site for myself.
• 1:01:21
  You know, I'm the first user. I'm happy that a bunch of people
• 1:01:25
  use it and it thrills me to see, you know, people express love
• 1:01:30
  for it. And when I hear the people are
• 1:01:32
  using it or that it's helped them, which I hear quite a bit
• 1:01:36
  actually, it it makes me feel good.
• 1:01:39
  But ultimately if nobody was here, like I would still be
• 1:01:41
  having this site. Like it's my site that I built
• 1:01:46
  like need to purpose for myself. And so when you're looking at
• 1:01:50
  it, you're literally seeing like like a kind of a Bitcoin only
• 1:01:55
  perspective of of of Bitcoin. And I've got a bunch of stuff on
• 1:01:59
  here that has grown from the community over time.
• 1:02:03
  You know, I'm very open about taking user feedback.
• 1:02:08
  Sometimes I'll put on Twitter, you know, or X like hey, you
• 1:02:11
  know what, what do you need in the next feature or what do you
• 1:02:13
  like about this or that? And people will come back.
• 1:02:16
  In fact, there's a little preloader that when you first
• 1:02:19
  pull up time change stats.com it, it'll give you like a random
• 1:02:23
  little random quote while the page is loading.
• 1:02:26
  And you know, I asked the the community online on Twitter, you
• 1:02:30
  know, give me some samples. I selected some of my favorite
• 1:02:33
  ones and they all ended up in there.
• 1:02:35
  So, you know, there's been other things.
• 1:02:37
  Somebody said to me one time, you know, they wanted to see a
• 1:02:39
  chart of, you know, stocks relative to Bitcoin over time.
• 1:02:44
  So I, you know, I included the Trading View API and I built
• 1:02:48
  that. And so then it becomes a part of
• 1:02:49
  the site. So over time, it's kind of, you
• 1:02:53
  know, a project of love from really a bunch of different
• 1:02:57
  people. But ultimately, like I said,
• 1:02:58
  it's my project. I don't get paid for it other
• 1:03:02
  than donations. I I did implement A donations
• 1:03:05
  button and people do send me donations, which one of the
• 1:03:09
  hosting services that I use takes Bitcoin.
• 1:03:12
  So I take those, you know, those donations and a large part of
• 1:03:17
  those donations and I move them over to that.
• 1:03:19
  So that's been really helpful. And you know, I don't have any
• 1:03:23
  ads. My thing is this, I believe the
• 1:03:25
  data should be available in a dashboard format like this that
• 1:03:30
  doesn't have any advertising, doesn't track any user like user
• 1:03:34
  accounts. Like you don't need to log in.
• 1:03:37
  Unlike glass node you don't have to pay you know to use it.
• 1:03:40
  I understand they have a bunch of different views and whatever
• 1:03:42
  else but you know it's the trade off.
• 1:03:44
  I don't want to have to pay you know to to see some kind of
• 1:03:49
  data. Like if I have data, I put it on
• 1:03:52
  my site and everyone can benefit.
• 1:03:54
  I don't have shit coins on here. I'm not going to have like, you
• 1:03:57
  know, some kind of focus of the latest, you know, ordinals
• 1:04:00
  projects or any of this kind of stuff.
• 1:04:02
  Like it's just it's not going to be on here.
• 1:04:05
  Things that I like, you know, right now I put a note up there
• 1:04:09
  for Pleb Underground. You know, these guys, they
• 1:04:11
  promote my website and I I put it up there, you know, thank
• 1:04:14
  you. There's some links on the bottom
• 1:04:16
  with some some websites or products that I like personally,
• 1:04:21
  you know, because I send them around and I and I don't get
• 1:04:24
  paid for it, like they're not sponsoring the site or anything
• 1:04:27
  like that. So because of that, it allows me
• 1:04:30
  to have a lot of freedom to build the website, you know,
• 1:04:33
  exactly as I want it. And I've had some people come to
• 1:04:36
  me and, you know, they want to either sponsor it or or they
• 1:04:39
  kind of sniff around about, you know, the hits and they want to
• 1:04:42
  know like what's the traffic like.
• 1:04:45
  And it's almost like they want to buy it or whatever.
• 1:04:47
  But the reality is, if they bought it, I just have to make
• 1:04:50
  another one. Because as soon as they bought
• 1:04:52
  it, I would have to be like, you know, I just wouldn't trust it
• 1:04:55
  anymore. You know, what happened to me
• 1:04:57
  was transformative when Coin Market Cap was purchased by
• 1:05:01
  Binance in the last cycle for $400 million about.
• 1:05:06
  And when that happened, you know, a lot of people don't even
• 1:05:09
  know that. And I had already lived through
• 1:05:12
  the experience of bitcoin.com selling BCH under a Bitcoin
• 1:05:18
  button. So you know, for me, seeing Coin
• 1:05:21
  Market Cap get purchased by Binance, I was just like, wow,
• 1:05:25
  like I really have to put on the gas on this thing because there
• 1:05:28
  is a need for a dashboard that people can just hit and just,
• 1:05:32
  you know, come and look at the stuff, they can verify it if
• 1:05:35
  they need to. I've got links to the block
• 1:05:37
  explorers and stuff. So that's pretty much it in a
• 1:05:40
  nutshell. Love it bro.
• 1:05:43
  Love it. It's one thing we talk about
• 1:05:45
  here all the time as bitcoiners. You just scratch your own itch
• 1:05:48
  and if people like it then it's gonna get exposure.
• 1:05:51
  But you did mention glass node and these Does time change stats
• 1:05:56
  have all the same data as glass node?
• 1:05:58
  Or do they have some proprietary stuff over at glass node that
• 1:06:01
  you don't actually have on time change stats?
• 1:06:04
  Yeah, they've got their own proprietary stuff.
• 1:06:06
  I'm not calling their AP is at all.
• 1:06:08
  I am calling a bunch of AP is like tons and tons of different
• 1:06:12
  AP is plus there is some other data in there and you know it.
• 1:06:16
  It's like my with glass node. The biggest thing that I have
• 1:06:20
  for them is yes they have their views and and and some other
• 1:06:23
  charts and things. But again, you're you're having
• 1:06:26
  to pay a lot. And then they just upped it
• 1:06:30
  recently, like for the API access like and it wasn't a
• 1:06:33
  small raise, it was like a lot. And I just personally
• 1:06:37
  fundamentally believe a couple things.
• 1:06:38
  Like one again, this data is out there.
• 1:06:40
  You can go filter it yourself and figure it out if you wanted
• 1:06:43
  to, if you really did. And and then B, if you really
• 1:06:47
  believe that Bitcoin is some kind of fundamental change for
• 1:06:50
  humanity and we're like living at the epoch of some like at the
• 1:06:53
  dawn of some kind of you know change for this planet, then I
• 1:07:00
  just I don't want to sell this data.
• 1:07:02
  I'll make money other ways like I I just, I don't need to sell
• 1:07:05
  this data. And and so I understand they
• 1:07:07
  have a business model doing that and that's OK.
• 1:07:10
  If it's not them, it's going to be somebody else.
• 1:07:12
  But time change stats. I'm not going to be selling it
• 1:07:15
  like that. You're not going to get a a user
• 1:07:17
  account that you have to come, you know docs yourself and and
• 1:07:21
  all this other stuff just to be able to check what block height
• 1:07:24
  it is because you don't run a node or we want to see it on
• 1:07:27
  your phone or whatever it is. Love it bro.
• 1:07:31
  All right, one question I this is like one of those, like,
• 1:07:34
  choose your favorite child questions, But what is one of
• 1:07:37
  your favorite aspects of time change stats?
• 1:07:40
  OK, I have two. So one is the mix and match
• 1:07:44
  metrics, and this is something that a lot of people don't even
• 1:07:46
  know even exists and I could probably do a better job of.
• 1:07:51
  Yeah, you can. You can screen share it if you
• 1:07:52
  want. We'll pull it up.
• 1:07:53
  UI but actually I see it up there, it's the the the top
• 1:07:59
  metrics besides the price. So you've got the price at the
• 1:08:01
  top left. Love it or hate that it's
• 1:08:04
  important to a lot of people and to the to the right of that are
• 1:08:08
  like 6 or 7 metrics. A lot of people don't know that
• 1:08:10
  if you click those, you'll be introduced with a pop up and you
• 1:08:14
  can select other metrics and they get they get stored on your
• 1:08:19
  side. So I don't know what you're
• 1:08:21
  picking. I have no, like I don't know
• 1:08:23
  what you're clicking. It's it's being stored in your
• 1:08:26
  browser, in your cache, on local storage.
• 1:08:29
  So this is pretty cool because the next time you come your
• 1:08:34
  dashboard at the top will be set up for you and it works really
• 1:08:37
  well on the phone because it's the top stuff like above the
• 1:08:39
  fold. As soon as you pull it up on the
• 1:08:41
  phone, if you have it set up the way you like it, it'll
• 1:08:44
  automatically show. And then of course, you know,
• 1:08:47
  you can press the price and change, you know, filter through
• 1:08:50
  different currencies as well, and everything will change
• 1:08:54
  there. But that's one of my favorite
• 1:08:56
  features. And then the other feature that
• 1:08:59
  I use all the time is the calculator.
• 1:09:02
  I have a pretty slick calculator that I built, and it has just a
• 1:09:07
  real simple I've seen some other calculators.
• 1:09:09
  You have to watch out with these calculators online too, because
• 1:09:11
  you don't know what, like how deeply they're tracking your
• 1:09:14
  inputs. You know, I've seen these sites
• 1:09:16
  that'll be like, you know, portfolio trackers and they're
• 1:09:20
  free and whatever. And you go in there and put how
• 1:09:22
  much you, you know you have, but they're like capturing your IP
• 1:09:25
  and like all this other stuff like that doesn't happen for me.
• 1:09:29
  So it's just, you know, clean, easy to use, very fast
• 1:09:34
  calculator at the top right of the website.
• 1:09:37
  Let me ask you something yet. So the SO you're saying all this
• 1:09:42
  stuff is happening in the back end.
• 1:09:43
  Is there people? Is there a way for people to
• 1:09:45
  verify the code? Is this open source?
• 1:09:49
  Well, I mean, you can if you, if you crack into the, you know,
• 1:09:52
  inspector, you can look at everything, It's all there.
• 1:09:56
  But no, it's not. I haven't opened up the GitHub
• 1:10:00
  open source yet. I probably will in this next
• 1:10:02
  cycle. Gotcha.
• 1:10:04
  Gotcha. We'll see.
• 1:10:05
  Very cool, man. Yeah, man.
• 1:10:07
  I love how you you, you know, you value the the privacy
• 1:10:12
  aspect. You leave all that stuff on
• 1:10:15
  people's browsers. You don't collect the data
• 1:10:17
  yourself. And it's like you said, man,
• 1:10:20
  this is a passion project. You're doing it because you love
• 1:10:23
  Bitcoin and you appreciate it and it's allowed you to stay
• 1:10:27
  independent in creating this. And this is obviously something
• 1:10:30
  that the community values a lot. I love it.
• 1:10:35
  OK, two questions left for me. What's the future for you and
• 1:10:39
  time change stats? I know it's a passion project,
• 1:10:41
  but do you have anything on the road map?
• 1:10:43
  Are you working on anything and that maybe will drop soon?
• 1:10:47
  Yeah. So we have O 8 coming and right
• 1:10:50
  now I say we, but it's just me. I just speak that way from my
• 1:10:53
  years in the industry. But yeah, so O 8 is coming and
• 1:10:59
  this is going to be pretty cool. I don't want to tell you all of
• 1:11:01
  the features because, you know, O Seven was kind of under wraps
• 1:11:05
  too. And when I dropped it, it it it
• 1:11:08
  had like a buzz because of how you know people.
• 1:11:10
  There were so many things that really surprised people.
• 1:11:12
  And this type of upgrade from O7 to O8IS is almost on that same
• 1:11:17
  level. And so it's going to be really
• 1:11:19
  cool. I'm opening up a lot of services
• 1:11:21
  and you know, for for people to look at and use.
• 1:11:24
  And also I have another site, kind of a companion site called
• 1:11:29
  BTC Lexicon. And this is like a compendium of
• 1:11:33
  Bitcoin definitions, terms and definitions written from a
• 1:11:37
  Bitcoin only focus. So you know, you might see the
• 1:11:41
  word shit coin in there, but it's describing it, you know,
• 1:11:43
  from a Bitcoin focus. And then I also include other
• 1:11:46
  definitions that I found. So it's kind of an aggregator
• 1:11:49
  site. I've got a bunch of popular
• 1:11:52
  terms in there and at any rate this stuff is being converted
• 1:11:55
  over to Jason and like it should have been a long time ago and
• 1:11:58
  it's going to be just fed into the time chain stats.
• 1:12:01
  And so we'll have, I'm going to be ending up killing BTC Lexicon
• 1:12:05
  and bringing it into time chain stats and and that's just one
• 1:12:10
  thing. Well, actually 2, because I
• 1:12:11
  mentioned the services, two things that are coming pretty
• 1:12:13
  soon. Love it dude.
• 1:12:16
  Love it. OK, last question for you aunt.
• 1:12:19
  This question we always ask our our, our guests to leave our
• 1:12:22
  audience with what's the last two stats you want to leave with
• 1:12:25
  the audience? It could be about time change
• 1:12:27
  stats. It could be about Bitcoin, it
• 1:12:28
  could be about life, whatever, Whatever's top of mind, What's
• 1:12:31
  the last message you want to leave with the audience?
• 1:12:33
  I would just say keep learning about Bitcoin, especially if
• 1:12:37
  you're new here. It takes a long time.
• 1:12:39
  Like I said, even still after many, many years, you there's
• 1:12:44
  just so much that I just barely even understand about this
• 1:12:46
  thing. And I think that everybody
• 1:12:49
  could. You know, you see a lot of
• 1:12:51
  arguments and stuff online and it's easy to get swayed by the
• 1:12:53
  people that you, you know, enjoy following the most and things
• 1:12:56
  like this. But you really just have to go
• 1:12:59
  back to the basics. You know, Bitcoin, you need to
• 1:13:03
  study this stuff. I mean it.
• 1:13:05
  There's no real room for personalities here.
• 1:13:07
  You you look at me all in this, get up.
• 1:13:10
  I mean, I I don't need my persona to to like help me in
• 1:13:14
  this space. It it's about Bitcoin and people
• 1:13:16
  just need to learn more about it.
• 1:13:18
  Amen to that. Love it bro.
• 1:13:19
  Amen to that. Anyways, Ant, thank you so much
• 1:13:23
  for joining us on Simply Bitcoin Live.
• 1:13:26
  We really, really appreciate it brother.
• 1:13:27
  Guys, check out Time chain stats.com and follow Ant on
• 1:13:33
  Twitter at 2140 Data. And you can keep up with what
• 1:13:39
  Ant is working on his latest projects.
• 1:13:41
  And thank you Ant for joining us.
• 1:13:42
  Appreciate it. For sure.
• 1:13:45
  Thanks for having me. All right, guys, that was our
• 1:13:47
  show. If you enjoyed the show, you
• 1:13:49
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• 1:13:51
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• 1:13:59
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• 1:14:03
  music. Share Bitcoin art, right?
• 1:14:05
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• 1:14:06
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• 1:14:09
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• 1:14:10
  Friday episode, which includes the meme review of Simply
• 1:14:14
  Bitcoin Live. Peace out everybody.
• 1:14:17
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