Latest / Simply Bitcoin / BREAKING: Massive Nation-State Bitcoin Adoption Imminent | EP 881

Transcript

BREAKING: Massive Nation-State Bitcoin Adoption Imminent | EP 881 · Simply Bitcoin

0:09
It's all. Going to zero against Bitcoin.
0:12
It's going on forever. You're against Bitcoin.
0:22
You're against freedom, yo. Welcome to another episode of
0:30
Simply Bitcoin Live, our number one source for the peaceful
0:32
Bitcoin revolutionary code breaking news culture.
0:34
Romantic warfare will be your guide through the separation of
0:37
money. And we are streaming from you.
0:39
We're streaming live from Las Vegas, NV, where we are here in
0:46
town for the Unconfiscatable conference.
0:49
We're going to be here for the rest of the week.
0:51
We're going to be live streaming some shows from the conference.
0:54
I think we'll be, we're going to, we're going to be streaming
0:57
the conference itself. It's going to be a big
0:59
celebration. We're really, really looking
1:01
forward to it. Today we have a very special
1:03
show, Naimbu Kelly, we've been saying that he is vindicated,
1:09
he's officially vindicated. His Bitcoin investment, his
1:13
average price was about 4040 thousand and the price of
1:18
Bitcoin is currently sitting at 43,000.
1:21
So that goes and plays into what we've been saying over the last
1:26
couple of days and essentially is that Naimbu Kele and Michael
1:32
Saylor's strategies, right? Michael Saylor on the public
1:35
company level, you know his average price per Bitcoin is
1:39
about 30 K and Naimbu Kele's average price for Bitcoin about
1:43
40K. Both those strategies have been
1:46
vindicated. So if you're, you know, a CEO of
1:49
a public company or you're the shareholder, you're the
1:52
shareholders of other public companies and you're looking at
1:55
Michael Saylor and what he's doing and you're like that looks
1:58
like a pretty good idea. And this also, you know for
2:01
other world leaders for also for other presidents of other nation
2:05
states around the region, around the world that are sick and
2:08
tired of either they've outsourced their monetary policy
2:12
because they don't have their own Fiat currency like Ecuador,
2:15
like Panama, a a bunch of other countries that are using the US
2:19
dollar or just your your or just your current your your, your,
2:23
your country's local currency. It's just not that great like
2:27
Argentina, right. That's why they they elected
2:29
this guy Javier Malay. He just, you know, he's going
2:32
to, he's going to be sworn into office in a couple days or so.
2:35
And he ran on the platform of we got to dollarize.
2:39
You know, like this isn't working, this hyperinflation,
2:42
you know, people should have the choice.
2:44
If they want to use Bitcoin, so be it.
2:46
So this mind virus is spreading and Bitcoin's incentives stay
2:51
winning. And not only do they stay
2:54
winning, they're a testament. You can't deny the irrefutable
2:58
fact that the IMF was wrong when they told Naimbu Kelly that it
3:04
was reckless that Bitcoin investment.
3:07
You can't deny that all the detractors of Michael Saylor
3:11
were absolutely wrong. We're sitting pretty at 43,103.
3:16
This thing just keeps going up. It keeps going parabolic and
3:21
yeah just I I would hate I I you know there was an interview too.
3:25
We'll play it for you guys in the next couple days of just
3:27
Peter Schiff having an absolute meltdown.
3:31
You know this is continuous. So anyways we're going to talk
3:34
about all of that stuff today. It's going to be a great
3:36
episode. I have I have my my fiance who's
3:40
going to be Co hosting with me today.
3:42
How you doing, Sophie? I'm.
3:44
I'm a little tired, but I'm doing great.
3:48
I'm really excited to be here. Always a pleasure Co hosting
3:51
with you. Yeah, is is this special show
3:53
because it's it's the first time this is like a couple show.
3:57
Usually we, you know, I have Opti.
3:59
I have Opti in the hot seat. But opti's currently on a plane
4:03
right now or I think he misses flight.
4:05
God damn it Opti. And he's he's he's on the way to
4:09
Vegas somehow he's going to make it here anyways.
4:12
It's going to be a great celebration guys.
4:14
I'm really, really looking forward to all this.
4:16
I want to bring up our of the consensus network.
4:25
They are a they are a a a publishing house and you guys
4:35
are connecting authors and readers in the Bitcoin space
4:38
since 2019. So Nico, thank you so much for
4:42
for joining us on Simply Bitcoin Live Today.
4:46
Thanks guys. It's a huge pleasure.
4:48
Yeah, it's Nick of the Shadow with super publisher here.
4:52
Like you said, we are focusing on publishing Freedom books
4:55
globally and we just came up with the newest it's a fiction
4:59
book, 21 Futures, So pretty excited.
5:02
I'm pumped about that. Awesome.
5:05
Well, we're we're really excited to have you on the show guys.
5:08
Still seems like I'm having some restream issues since I updated
5:12
my computer. So I'm going to delay once I
5:15
play the transitions a little bit.
5:17
I'm going to stay a little bit quiet, 'cause it seems like
5:19
there's like a bit of a, there's a bit of AI, don't know, like
5:23
bit of static or something like after the delays.
5:27
I think it had something to do with the the fact that I
5:29
upgraded my MacBook to the new operating system.
5:32
Bear with us while we figure it out.
5:34
Anyways, guys, no more delay. Let's jump straight into the
5:36
numbers. We have a lot to talk about
5:38
today. Let's check it out.
5:42
The Bitcoin numbers. Is your Bitcoin and cold storage
5:46
really secure? Is your seed phrase really
5:49
secure? Stamp seeds?
5:51
Do it yourself. Kit has everything you need to
5:53
hammer your seed words into commercial grade titanium plates
5:58
instead of just writing them on paper.
6:00
Don't store your generational wealth on paper.
6:04
Papers prone to water damage, fire damage.
6:06
You want to put your generational wealth on one of
6:09
the strongest metals on planet earth, Titanium.
6:12
Your words are actually stamped into this metal plate with this
6:15
hammer and these letter stamps. And once your words are in, they
6:18
aren't going anywhere. No risk of the plate breaking
6:21
apart and pieces falling everywhere.
6:24
Titanium stamp seeds will survive nearly triple the heat
6:27
produced by a house fire. They're also crush proof,
6:30
waterproof, non corrosive, and time proof.
6:32
All things. That paper is not allowing you
6:34
to huddle your Bitcoin with Peace of Mind for the long haul.
6:38
Stamp your seed on stamp, Seed. All right guys, I wanted to give
6:58
it a little bit of the delay, just 'cause it looks like they
7:02
were having some technical difficulties since I updated my
7:07
MacBook. Hopefully I'm coming in loud and
7:09
clear at the time of recording the Bitcoin Price continues to
7:12
rise. It's at $43,280.
7:17
SAT's per dollar is 2311 block height 819,912 blocks to having
7:25
20,088 having estimate April 19, 2024 Total Lightning Network
7:31
capacity 5033 Bitcoin capacity value 217 million U.S. dollars
7:38
Realized Monetary inflation 1.75% The market capitalization
7:43
of Bitcoin 846 billion dollars of the B Bitcoin verse gold
7:49
market cap 6.23% continues to climb.
7:54
A lot of people, a lot of high profile bitcoiners are saying
7:58
that we are going to Bitcoin is going to overtake the the the
8:05
market cap of gold this cycle. Let's see if that comes true.
8:09
But in the grand scheme of things, I still think we are
8:12
extremely, extremely early. I do want to give a shout out to
8:16
our sponsor, Stamp Seed. Make sure that you properly
8:20
secure your generation of wealth.
8:21
You could do that by scanning the QR code on your screen right
8:24
now. Take you directly to the Stamp
8:26
Seed website. Don't store your generation of
8:28
wealth on paper, store it on one of the strongest metals on
8:32
planet earth, Titanium. You can use promo code simply to
8:35
get yourself a 15% discount. Even the legacy corporate media
8:40
is noticing what is going on and these are historic, historic
8:43
times. This was earlier this morning
8:45
CNNBC and here we have someone saying the choir part out loud.
8:50
After the Bitcoin having, it will be the first time in
8:53
history that we will have an asset that is more scarce than
8:57
gold. All right, let's check out what
8:58
he has to say. So question about the the
9:01
halving, I've heard it called the having or the halving, but
9:05
either one we're getting to that in April I think, right?
9:08
And that's been a bullish thing before.
9:11
I sort of wonder, is it the same thing though, Is that already
9:13
getting priced in or is this is there something technical that
9:16
actually happens that would make it be priced in closer to the
9:18
event? So if not, I'm So what we've
9:20
seen historically is that the 12 to 16 months after happening is
9:25
the best performance of Bitcoin. So that's what everybody's
9:27
thinking about this time. You know, this time might be
9:30
different because the price of bitcoins higher.
9:33
We now only have, I think it's 900 Bitcoin a day that come out.
9:35
So that gets cut in half. It's not a lot of Bitcoin, but
9:39
what it does do is it makes Bitcoin more scarce than gold.
9:42
So for the first time in history, you have an asset that
9:45
is more scarce than gold. In what way more scarce?
9:47
Let's call it a stock to flow ratio, so the amount of Bitcoin
9:50
mined every year divided by the amount it's outstanding.
9:54
Same with gold. And now they'll be, quote, UN
9:56
quote, less Bitcoin than goldmine on a relative basis.
10:00
So extremely, extremely bullish. Keep in mind they are saying
10:04
this on like they are saying this on legacy corporate media.
10:12
They're bringing up the fact that they're bringing up the
10:15
fact that you know they're bringing up the stock to flow.
10:17
They're bringing up the fact that this has absolute scarcity.
10:20
That is a big effing deal. Once again, you have an example
10:26
of bitcoins incentives continuing to shine.
10:30
They're they're becoming undeniable.
10:32
And that's why I'm so optimistic about this next bull run,
10:37
because it's not just plebs, It's not just the average
10:40
everyday bitcoiner. You have these massive
10:42
institutions that are starting to realize that Bitcoin is the
10:45
best money the world has ever seen.
10:47
Sophie, what's your take on this?
10:49
And we'll pass it on to Nico. Well, I think that that's been
10:52
clear ever since they, BlackRock and Fidelity and all these huge,
10:58
more traditional financial institutions address the fact
11:02
that they were going to start buying Bitcoin and releasing a
11:05
spot ETF. It's it's starting to go
11:09
mainstream. We see it everywhere.
11:10
We see guests on Joe Rogan talking about Bitcoin.
11:14
We saw Joe Rogan himself talking about it.
11:18
We see just everybody waking up to the fact at least that the
11:22
money is broken and that Fiat is just not it.
11:27
And so once people start to see Bitcoin on their radar, once
11:31
they start to see the money, the the, the number go up, that is
11:36
going to naturally incentivize people to want to buy in.
11:41
Not just because these corporate legacy media people are saying
11:46
it, but because they'll they'll start to realize it themselves.
11:49
Of course, of course, Nico. What's your take on all this,
11:51
man? Yeah.
11:53
I mean it's extremely bullish to see the mainstream media talk
11:56
about scarcity to boot, not let alone absolute scarcity or
12:00
relative scarcity like like that guy mentioned in the in the
12:03
video. I I think a lot of people, most
12:06
people understand that gold has some sort of value but they
12:09
don't necessarily understand why.
12:10
Why is it stock to flow ratio was mentioned.
12:13
All these concepts that bitcoins have been talking about for
12:15
years and they are now suddenly entering the the global
12:20
consciousness of the normie land which is fantastic to see and
12:24
absolutely Bitcoin is mathematically scarce whereas
12:27
whereas gold is relatively scarce atomically.
12:31
So once people start to wrap their head around that, what
12:33
does it actually mean? That to be held back that the
12:37
monetary supply is held back simply by the the amount of work
12:40
required to to take the goal out of the ground.
12:43
Whereas for Bitcoin that difficulty goes up as as the the
12:48
demand for the money increases. That is still a little bit of an
12:52
elusive statement that people don't understand, but I think
12:55
we're getting there. Yeah, 100%.
12:58
I think we're getting there. I think the world's working.
13:01
Waking up to the fact that Bitcoin is the, the best money
13:05
the world's ever seen. These are very, very exciting
13:08
times. And, you know, this is the
13:09
vindication, like I said, for Michael Saylor, for Nayan
13:12
Bukele. But for all you guys, you know,
13:14
for all the crazy ones that have been, you know, perhaps doubted
13:19
by family members, perhaps doubted by family and friends,
13:22
you know, and you're being vindicated in real time, you
13:26
know, during these times. Right now, this is very, very
13:28
exciting. We're sitting pretty at $43,224
13:34
and we're, the halving is still a couple months away.
13:37
Adam's back. Adam Back's prediction of
13:39
$100,000 Bitcoin. By the halving, I mean, this is
13:43
crazy. This is crazy, is this.
13:45
Are people still getting too caught up in the hype?
13:48
No one knows. But if you're just staying
13:50
humble, stacking sats, you know you should be just fine.
13:53
Anyways, I do want to give a shout out to our sponsor.
13:56
There's going to be a bit of a delay.
13:57
Give us give me a second, All right, we should be fine.
14:05
Now, I do want to give a shout out to Bitcoin 2024.
14:09
It is the largest Bitcoin conference in the world.
14:12
July 25th through the 27th in Nashville, TN.
14:17
You want to get your tickets quickly before the prices go up.
14:20
For Aga ticket. You can get it for 349 for an
14:24
industry pass. If you're trying to get a job
14:25
job in the industry, I highly recommend this one It You can
14:28
get it for $1099. That gives you admission to all
14:32
three days of Bitcoin 2024. And of course, if you're a
14:37
whale, you can get yourself a VIP pass for 4999 that gives you
14:43
exclusive access to the Deep Backstage VIP Lounge.
14:46
I got to meet Tulsi Gabbard Backstage.
14:48
It was awesome. Opti and I are going to be
14:50
there, and Sophie and the rest of the Simply Bitcoin crew are
14:53
going to be at Bitcoin 2020 before you can use promo code
14:57
simply to get a 10% discount to your tickets to Bitcoin 2024.
15:03
All right everybody, no more delay.
15:04
Let's jump straight into the news.
15:06
We have a lot to talk about today.
15:07
Let's check it out. The Daily News.
15:17
I want to give a shout out to our sponsor, Foundation Devices.
15:21
It's self custody done right. They built a premium grade
15:24
hardware wallet called Passport right here in the US.
15:27
It's fully open source and verifiable.
15:30
It's the most intuitive Bitcoin wallet designed with the UX,
15:33
reminiscent of a simple feature phone so you will know how to
15:37
navigate it and use it the moment you pick it up.
15:40
Get your Bitcoin off exchanges and into your into your own
15:43
hands in just a few minutes. Experience the Peace of Mind
15:46
that comes with taking ownership of your own keys.
15:49
After a massive sell out during Bitcoin Miami 2023, the passport
15:53
is back in stock at foundationdevices.com.
15:56
Bitcoin only, open source, verifiable completely.
15:59
Air gap security model, gorgeous design, craft, premium grade
16:03
materials. If you're thinking about getting
16:05
your Bitcoin off exchange changes, this is the one for
16:08
you. Check out the passport link in
16:10
the show notes below to learn more.
16:24
All right, we should be good. Sorry guys.
16:26
Like I said, we have to delay it a little bit.
16:29
I don't go fully into the Matrix guys.
16:33
Has never been a more important time to take self custody of
16:38
your coins. That's why we recommend here at
16:40
Simply our sponsor. Passport by Foundation Devices
16:44
is completely open source device.
16:46
It's it's completely air gapped. They make taking self custody
16:50
Extreme extremely easy. They also got an app called The
16:53
Envoy. They have a concierge service.
16:55
If you're not familiar with hardware wallets, I highly,
16:58
highly recommend taking self custody of your coins and we
17:01
recommend the passport Bitcoin only hardware wallet here at
17:05
Simply Bitcoin. All right everybody.
17:08
So I do want to jump into the big news of today and really it
17:13
was yesterday. The philosopher king, the
17:14
so-called philosopher king, the great Naeem Bukele.
17:19
It seems like his strategy of staying humble Stack and Sats
17:23
has paid off here at the bottom, essentially of the bear market
17:29
or Bitcoin was sitting at 16 K What makes me so 16 K Bitcoin?
17:34
I know right? Like, oh, it was so it was so it
17:38
was not that long ago that we were sitting at 16 K Anyways,
17:41
Namebook. Kayla was saying we are buying
17:43
one Bitcoin every day starting tomorrow.
17:46
He started that strategy and Fast forward.
17:50
You know, it seems like it's paid off.
17:52
Here is Walker America, part of the crypto couple.
17:55
He says El Salvador has been desaying into Bitcoin, buying
17:57
one Bitcoin per day since November 2022.
18:01
They are now in profit, but have no intention of selling their
18:04
scarce Bitcoin for abundant Fiat.
18:07
This is what conviction looks like.
18:09
Other nations will do well to pay attention.
18:11
I think that last part really is the signal.
18:14
Even Bloomberg is covering it. Check out this article.
18:16
El Salvador's Bitcoin Investments Turned Profitable
18:19
but Buchele says El Salvador's Bitcoin investments turned
18:22
profitable after recent rally in the cryptocurrency, according to
18:26
Naim Buchelli, who's running for RE election.
18:28
Buchelli, who stepped down as president last week to focus on
18:31
the campaign, said on the Said on X, the country's Bitcoin
18:35
investments are up 2.84%, netting the country $3.6 million
18:40
in profit. He said the government has no
18:42
intention of selling its Bitcoin and will hold its position as
18:45
part of its long term strategy. The price of Bitcoin rose above
18:50
$42,000 on Monday, extending its rally this year to more than
18:55
150%. El Salvador was the first
18:58
country in the world to adopt Bitcoin as legal tender in 2021.
19:02
Former Finance Minister Alejandro Zel Zela Zelaya
19:08
Zelaya, who oversaw bitcoins implementation, said Sunday on X
19:12
the Valley Vindicates the government's decisions
19:14
completely agree Buchele's lead leads polls ahead of a February
19:19
presidential election, having slashed crime by jailing 10s of
19:23
thousands of alleged gang members.
19:25
If he wins, he would be sworn into a second five year term in
19:29
June. All right, so moving in here is
19:31
Turda Meester. He goes on to say 135 countries
19:35
have presidents, and how many of them are candidates now taking
19:38
notes from Bucky's Bitcoin playbook for their next election
19:42
campaign? I don't think that it's a
19:45
coincidence that the first country that made Bitcoin legal
19:48
tender, adopted a Bitcoin strategy in a Bitcoin standard,
19:53
has the most popular president in the Americas.
19:56
And I think that's why you see so many attacks from the legacy
19:59
corporate media on figures like Naim Bouquelay, figures like
20:03
Michael Saylor, Bitcoin in general, because I think that
20:06
they're scared. I think it's Bitcoin is a clear
20:09
and present danger to the status quo.
20:12
It shines a light of truth on on the Fiat bullshit, to put it
20:16
bluntly. Here's beauty on, he says.
20:19
The responsible thing to do would be for them to issue
20:22
retractions, offer apologies, or at the very least acknowledge
20:26
that El Salvador is now yielding a profit, says Naim Bukele.
20:30
Anti Bitcoin journalist will never do what the president is
20:33
suggesting. They're either ignorant of why
20:35
El Salvador has made Bitcoin legal tender or, as in the case
20:39
of The Economist, are philosophically opposed to
20:42
Bitcoin. If you think the payoff in El
20:44
Salvador's move to Bitcoin is spectacular now, just wait till
20:48
Bitcoin is 1, $1,000,000 per coin.
20:50
Very large banking institutions think Bitcoins rise is
20:53
inevitable. Standard Chartered thinks
20:56
Bitcoin could reach $100,000 by the end of 2024 and they, like
21:00
all other legacy participants, have no idea of why Bitcoin
21:04
works or was written in the 1st place.
21:07
Even if Bitcoin reaches 100K by end of 2024, that isn't the end
21:12
of time and 100K is nothing. When you take into consideration
21:16
the billions of people that are going to be moved into Bitcoin,
21:19
Salvador is a properly run country that in in and of itself
21:24
chase at the pride of Westerners who believe they have an
21:27
inherent right to rule over others.
21:29
In a world where Bitcoin is the money, good steward stewardship
21:33
of the state will reap rewards and praise for statesman.
21:37
And that last part is really, really on point, because we have
21:41
to remember what Bitcoin does. Bitcoin aligns incentives, and
21:46
we live in a world with misaligned incentives.
21:48
If a bureaucrat or politician get into a position of power,
21:52
what they're incentivized to do is to get as close as humanly
21:55
possible to the money spicket rather than do good by their
21:58
constituents. But once you switch to a sound
22:01
money standard, politicians are actually incentivized to do good
22:05
by their constituents. So you have a society with
22:08
aligned incentives. And that's what Beauty On is
22:10
pointing out here anyway. So he goes on to say, just as it
22:14
has in El Salvador, Western Statesman feel that they have a
22:17
right to be lionized and fond over no matter what they do or
22:21
how disastrous or unacceptable schemes are.
22:24
Bitcoin puts a permanent end to cronyism and the ill effects of
22:28
incompetence. That's why Western Westerner
22:31
governments hate it. Beauty on absolutely hit the
22:34
nail on the head. I got to give that a like
22:36
because that is beautiful. That's beautiful.
22:39
The way he said it. Anyways, if you guys still don't
22:43
believe it, if you still think that El Salvador is just a a big
22:47
nothing burger, here is macro scope.
22:50
You know, this is a traditional kind of like Wall Street guy.
22:53
This is a macro guy. This is this is an American.
22:56
This isn't a lot in American and let's hear what he has to say
23:00
because apparently look, he he went to El Salvador, he said.
23:04
Last week I flew from JFK New York's airport to El Salvador
23:08
and here's what happened during the trip because of Bitcoin.
23:10
I've been reading about the country and decided to visit
23:13
more on Bitcoin in a minute. Also comment on the topic of
23:16
safety first. Here's here's the take away from
23:19
what I saw. If I was an investor looking
23:21
internationally for on the ground opportunities, I would
23:24
immediately get an office in the capital of San Salvador and look
23:27
for ways to put money in the country.
23:29
By either starting a new business and employing
23:31
Salvadorians are backing an existing business.
23:35
Multiple sectors are growing fast including tourism,
23:38
hospitality and real estate. The the opportunities seem huge.
23:42
I stayed a week in San Salvador and and and and in El Zonte
23:46
which is also known as Bitcoin Beach.
23:49
The first impression is at the airport, which is modern and
23:51
efficient. Because of a delay in New York.
23:54
My flight arrived in El Salvador a few hours late, but my hotel
23:57
driver was there. He had been patiently keeping
24:00
watch for me and he was smiling as he held up a sign with my
24:04
name on it. This was my introduction to the
24:06
country, and it turned out to be representative of what I would
24:09
experience during my visit. The people are friendly, hard
24:12
working, proud, entrepreneurial and family oriented.
24:16
Isn't it crazy? What happens when you fix the
24:19
base layer of society, when societies incentives are
24:22
aligned, when society switches to a sound money standard.
24:26
Imagine the whole world like this.
24:28
I really think that Bitcoin adopting Bitcoin countries
24:31
making Bitcoin legal tender, people using Bitcoin as money.
24:34
I think you'll see more and more examples of this.
24:37
Fiat fundamentally brings the worst out of people, while
24:41
Bitcoin brings the best out of people.
24:44
You quickly notice that new construction and infrastructure
24:47
improvements are happening everywhere.
24:48
I was struck by how the construction workers seem to be
24:51
working very hard. You get the sense that this is a
24:53
country on the move, and it's easy to see why El Salvador's
24:57
financial situation has improved.
24:59
The country's sovereign bonds have seen huge returns recently
25:03
and institutional investors should continue to watch
25:05
opportunities to allocate here. The goal in El Salvador seems to
25:09
be a Latin American version of Singapore.
25:11
Business friendly, growth oriented, tough on crime.
25:14
Based on what I saw during my visit, this is achievable and
25:18
they're making progress. Remember, Singapore wasn't
25:20
always the the type of country it is now.
25:23
Far from it. In fact, it first needed the
25:25
right policies and leadership. And by the way, I don't remember
25:29
seeing the international media criticize Singapore for being
25:32
tough on crime regarding safely safety.
25:35
I felt totally safe and relaxed at all times in El Salvador,
25:38
much safer than ever than even the best areas of New York City
25:43
these days. The police and private security
25:45
guards are everywhere and they're professional, courteous,
25:48
vigilant and tough. You do not want to be a criminal
25:53
here. But it was not always this way.
25:55
I had an interesting conversation with a young man
25:58
working in a small shop and he said before the crackdown on
26:00
gangs, much of the money he earned had to be paid to the bad
26:04
guys, so it was almost pointless to own or start a business.
26:08
I asked him where the gang members are now.
26:10
He replied. Dead or in jail, he goes on.
26:13
He goes on to say if there is something to keep an eye on,
26:17
it's the president. It's that.
26:18
It's that President Bukale and his new idea policies are
26:22
clearly very important for continued progress.
26:25
Bukale is hugely popular and viewed by many as a national
26:28
hero. Look at that.
26:30
Look at the crazy, crazy concept.
26:32
If the politician that gets elected into office actually
26:35
does the things that he says he does and actually does the
26:40
things that government is supposed to do, which is protect
26:44
your private property, provide safety, isn't it crazy that
26:50
somehow he's popular? It's a it's a new idea.
26:53
It's it's honestly a revolutionary concept here in
26:56
the West because governments if they actually did that they
27:00
would lose control and and they don't want any of that to
27:04
happen. So Latin America in general has
27:07
such a huge opportunity here. This is the future of Latin
27:12
America. This is where other countries
27:14
could be going. Venezuela, Brazil, Colombia, all
27:19
of like this is where we could be going.
27:22
And big governments don't want that to happen because the few
27:26
who are in power want to keep us controlled with Fiat.
27:30
Yeah, 100% and and I just want to go back to, I want to double
27:34
back to Beaution's take here because I think he hit the nail
27:37
on the head El Salvador. He goes on to say in a world
27:42
where Bitcoin is the money, good stewardship of the state will
27:46
reap rewards and praise for statement.
27:48
Just as it has an El Salvador Western statesman feel that they
27:52
have a right to be lionized and fond over no matter what they do
27:55
and how disastrous their accountable, unaccountable
27:57
schemes are, Bitcoin puts a permanent end to cronyism and
28:01
the ill effects of incompetence. That's why Western Westerner
28:05
governments hate it. Yeah, it means they have to
28:07
work. Yeah, they they they have to
28:09
actually provide value. And and this is, and This is why
28:13
they hate El Salvador. This is why they're using all
28:16
this language about El Salvador being this like fascistic
28:19
extremist society. No, all he's doing is providing
28:22
safety to law abiding citizens. He's extremely popular for it.
28:26
He's providing opportunity. The GDP is growing, the economy
28:30
is growing. Yes.
28:31
This is what happens when you fix the base layer of society.
28:35
I can't emphasize that enough. Aligned incentives, aligned
28:39
society, good society. We all live in society
28:42
especially if you live in the West you know the developing
28:44
world you probably live in a society where the miss the the
28:47
incentives are aligned. So you have governments here
28:51
like at least it from an American centric view.
28:54
You have literally Joe Biden literally going on TV and saying
28:59
I'm frustrated that Americans think that inflation is somehow
29:05
the responsibility of the government.
29:07
You have his press secretary going on TV and literally making
29:11
the case that Thanksgiving has gotten cheaper.
29:14
You you had him tweet the other day and he got community noted
29:18
for this, which is, by the way, why they want to take down Elon
29:21
Musk and why they want to take down Twitter.
29:23
They can't allow that free speech.
29:25
But he got fact checked in real time.
29:27
He was basically making the case that that inflation hasn't
29:31
risen. But like, that's just, that's a
29:34
blatant lie. Like, I mean like like and
29:38
again, like I'll just go through a couple of these and just to be
29:41
specific guys, this is not left or right thing.
29:44
Both parties, whether it's the conservatives or the liberals,
29:47
they do the same thing when they're in office.
29:48
They just print a an F ton of money and devaluing everyone's
29:51
purchasing power in the process of doing that.
29:54
So anyways, here's Joe Biden. He says let me be clear to any
29:57
corporation that hasn't brought their prices back down even as
30:00
inflation has come down. It's time to stop the price
30:03
gouging. Give Americans consumers a
30:05
break. So that is the definition of
30:09
gaslighting here. He gets community noted and he
30:12
says as long as the inflation rate is positive, prices are
30:15
increasing. The fact that inflation has come
30:17
down to 3.2% October means that prices are still going up,
30:21
they're just going up in a slower rate.
30:23
So like, he is essentially relying on low information
30:27
voters and low information people saying, oh, inflation is
30:31
down just because inflation is down.
30:33
That all that means is that prices aren't increasing as
30:36
fast. That's all it means.
30:38
It doesn't mean that the prices are going to go back to where
30:41
they were before. So this is the definition of
30:46
gaslighting. You have the leader of the free
30:48
world using his platform to lie to people.
30:53
And this isn't just happening in America.
30:54
This is happening everywhere around the world.
30:57
As long as your country has a Fiat currency and a central bank
31:02
and that and that government of that country benefits from being
31:05
able to create money for free that everyone else has to work
31:08
for, this is what you're going to get.
31:11
Because no one is better than their incentives and politicians
31:15
are not going to do something that they're not incentivized to
31:18
do. Joe Biden, obviously, he's going
31:21
to lie because he benefits tremendously, either personally
31:25
or just the government itself, from being able to create money
31:29
for free that everyone else has to work for.
31:31
This is what the separation of money in state is all about,
31:35
because we have to go back to a government that's by the people,
31:38
for the people. As long as inflation, as long as
31:41
Fiat money is a thing, you're always going to have a
31:45
government that's by the government for the government.
31:48
They're not incentivized to do good by their constituents
31:52
because they have a money printer, while you have to slave
31:55
away, work your ass off to accumulate this Fiat money.
32:00
They can just print it. That is the scam.
32:04
That is the scheme. So of course he's going to lie.
32:08
Now we have the Internet where we can Fact Check in real time.
32:12
You have Elon, who's doing a a a better job, right?
32:16
Supporting free discourse and free speech.
32:20
So these this type of bullshit gets caught off, caught up in
32:24
real time. That's why they're trying to
32:25
take him down. That's why the whole happened,
32:27
right? So this is, these are some crazy
32:31
times. But as long as El Salvador is an
32:35
example of what could be, they're going to have a hard
32:40
effing time because they're not going to be able to explain it.
32:43
And we're entering the singularity right now.
32:46
There's two forces that are like that are about to crash.
32:50
And essentially, Michael Saylor, he was right.
32:54
And other public companies are looking over and saying, you
32:58
know, that strategy might be a good one.
33:00
And on the nation state level, now that we're sitting at
33:02
$43,294.00, Nayan Bulkeley was right, the IMF was wrong.
33:10
Maybe we should copy El Salvador.
33:11
Maybe that Bitcoin strategy is a good idea after all.
33:14
Anyway, Sophie, what's your take on this?
33:15
And then we'll pass it on to our guest.
33:17
I think it's incredible that they are gaslighting
33:20
corporations who for better, for worse, actually do bring value.
33:25
And they're and and they're saying that they're the ones
33:29
that have to bring the prices down.
33:30
If they bring their prices down, they can't do what they do.
33:33
They can't provide the value that they provide.
33:36
Why don't they start lowering interest rates?
33:39
Why don't they start making tax cuts?
33:41
Why don't they actually do things that are in their power
33:45
as a government to bring things under control?
33:49
People are suffering here and it's incredible to me that they
33:54
actually blame the people who are bringing some value to the
33:58
economy. I mean, I think beauty On says
34:01
the best. They don't have a choice but to
34:03
do that. Anyways, I do want to get our
34:05
guest input in this man, what's your what's your take as a
34:09
fellow bitcoiner? You're watching this stuff and
34:12
I'm sure you know, if if you're not living in El Salvador, I
34:14
don't want to dox you or anything.
34:16
You know, I'm sure you're you're you're starting to see some of
34:19
this gaslighting, some of this lies and misrepresentations from
34:23
politicians to justify the continued existence of Fiat
34:26
currencies. Absolutely.
34:29
And and it works in West still like we we are sort of looking
34:33
at this narrative driven flipping of geopolitical powers
34:39
essentially because in Latin America, like look at that
34:42
Argentina for example, people there are completely tired and
34:45
fed up with the lies. They will not take it anymore.
34:48
And I think the same thing is going to happen in the West as
34:51
well. Like it still works because
34:53
people have the sunken cost fallacy.
34:55
They've built all their life on the lies.
34:57
It's very tough break to look at yourself in the mirror and say
35:00
like you don't goofed like this is this is not going to fly.
35:03
And we're looking at becoming their third world countries
35:06
ourselves instead of those countries that we've used to
35:09
sort of looking down on. And this is something that
35:12
everybody in the West should take heed and and try to you
35:16
know do a little bit of legwork and and help build these new
35:20
narratives like the incentive, well incentivized government
35:25
that is accountable. That should be a powerful
35:27
incentive or a narrative to everybody.
35:31
But at the moment, unfortunately, like you said,
35:34
the politicians rely heavily on ill informed voters and as long
35:40
as that continues to be the case the the, the parasite will will
35:44
continue to stay in power unfortunately.
35:46
But yeah, places like El Salvador and maybe Argentina
35:50
soon are the the, the flag bearers on this.
35:54
And I think people are going to have to pay attention because
35:57
Bitcoin is still not dead. Like Bitcoin will continue to
36:00
gracefully die for the next couple decades. 100 percent,
36:04
100%, it's it's in the the very first innings of this.
36:08
This is extremely, extremely exciting times to be alive.
36:13
This is absolutely a revolution. We're witnessing it.
36:16
First first hand is a peaceful revolution, which is the best
36:19
part about. It's not kinetic and you know,
36:23
you got to do your part. You got to play your part and
36:26
contribute, help educate the people around you, help debunk
36:29
some of those lies, misrepresentations and spin.
36:32
Because the the attacks are going to continue to increase.
36:35
Governments are going to continue to take advantage of
36:38
low information voters of the uneducated and they're going to
36:42
continue to use the divide and conquer strategy of it's the
36:46
left or it's the right, you know, depending on what side of
36:48
the aisle you're on. If you're on the right side, you
36:51
blame the left for all the your your woes and economic
36:53
hardships. If you're on the left, you blame
36:55
the right, right. That's the divide and conquer
36:57
strategy. It's not left versus right, it's
37:00
green versus orange. It's a party of Bitcoin, peace,
37:02
prosperity, opportunity versus the party of slavery which is a
37:06
party of green and Fiat. That is the battle hand, and it
37:10
is your your responsibility as an individual to take agency, to
37:15
take it upon yourself, to wake up the people around you to
37:19
Bitcoin. And I I really think that
37:22
Bitcoin will unite the world in, in a way the likes of which it's
37:27
never been seen before. I think the root of all evil,
37:30
maybe not all evil, but the root of a lot of evil comes from
37:35
theft and Fiat. Money enables theft.
37:39
That's what it is. It's it's a theft enabler on a
37:42
massive scale. It is time, theft.
37:46
You're stealing people's time and life force and energy, and
37:52
even if they don't realize there, there's consequences to
37:55
that. People feel it innately and I
37:58
think a lot of frustration gets boiled up, but people continue
38:03
to seek resolution to that frustration through a political
38:07
system that's been Co opted by the Fiat system itself, right?
38:11
So Bitcoin is the escape valve out of that, right?
38:14
It's just like I'm going to take my money out of the system, my
38:18
energy out of the system and reclaim my time.
38:21
That's what it's all about. Anyways, I do want to give a
38:23
shout out to our sponsor, Cabin Rex.
38:30
They're the best place and the most trusted place to buy and
38:34
sell host mining equipment. You got to check out the racks.
38:38
You could scan the QR code on your screen right now.
38:41
It'll take you directly to the Kaboom racks.
38:43
Telegram Marketplace. You could check out their
38:46
massive inventory they make. They make purchasing products
38:49
easy and transparent. You can connect with their
38:51
member of their sales team. You could also sell mine
38:54
equipment with them. They have a vast network,
38:56
domestic and international customers.
38:58
When you sell your mining equipment with them, I highly
39:01
recommend kaboom racks if you're trying to get into mining.
39:04
They're absolutely awesome and they'll make your mining
39:06
experience great. Anyways, everybody, let's get on
39:11
to the culture. Let's do it.
39:19
The Daily Culture. Brought to you by Swan
39:22
bitcoin.com Swan is the best way to build your Bitcoin stack with
39:27
automated Bitcoin savings plans and instant purchases serving
39:30
clients of any size from $10 to $10 million.
39:35
We love Swan because they incentivize self custody and
39:38
dollar cost averaging. What are you waiting for?
39:41
Visit swanbitcoin.com today. All right, everybody.
39:50
I do want to highlight our guests.
39:53
He's part he's with the consensus network.
39:56
So Nico, I do want to give you the the floor.
39:58
What is the consensus network? I see that you have a lot of
40:01
high profile bitcoiners on here. You got Jeff Booth, you got
40:05
Svetsky, you got VJ, you have Safedeen.
40:10
You know you so many Daniel prints, you know you got Tomer
40:13
down there. So you got you got some epic
40:16
bitcoiners on here. What is Consensus Network?
40:21
Thanks. Yeah, Consensus Network is a
40:23
freedom publishing house. We use the profile mostly, just
40:26
like Bitcoin only, but we're not really Bitcoin only anymore.
40:29
We do more, more and more libertarian books as well,
40:32
because Freedom is the underlying protocol, and Bitcoin
40:36
is just a very good, very handy tool for that.
40:38
So a lot of our books are still about Bitcoin.
40:41
We have Knutsfang home books are are quite popular and the latest
40:44
one, if you go to the languages and click English you will find
40:50
the 21 futures, which is the one that we were talking about
40:54
narratives earlier. I think that that's something
40:57
that we can do as a publisher to publish interesting stories that
41:01
are not non fiction, because let's face it, those low
41:05
information people that we're trying to reach seldom read non
41:08
fiction books and try to educate themselves.
41:10
What they do read however, is maybe some interesting stories
41:13
in the in the fiction book. So that's what that project is
41:16
about. But in general we provide all
41:19
publishing services to self publishers, which is quite
41:22
popular nowadays. We're specialized in in editing,
41:25
typesetting, translations. We do over a dozen different
41:28
languages. We have about 100 titles in our
41:31
shop right now, Bitcoin Book dot shop, and this is our first
41:35
completely our own production, which I'm really proud of and
41:39
actually just the first review got published on Bitcoin
41:42
Magazine and NASDAQ just today, so you should definitely check
41:46
those out. I hope people are going to like
41:49
it. And this the intention of this
41:51
product is that this is something that you can
41:53
comfortably gift to to your normie friends.
41:56
Because it's not, you know, one of those orange billing books
42:00
per SE. It's focusing on high stakes
42:02
human interest fiction stories. So got 21 authors, 21 different
42:07
stories from 21 different universes, somehow connected to
42:11
Bitcoin, somehow connected to liberty and the incentive model.
42:15
Some of them are dystopias. Bad bad things happen and some
42:19
are more bullish. The point is that this way we
42:22
can lure people closer to you know Bitcoin and libertarian
42:27
ideals. And and that's something that I
42:30
I want to do a little bit more in the future.
42:33
Maybe some short film production based on the interesting
42:36
stories. And this is also a trend that I
42:38
see emerging. People are interested in writing
42:40
more stories about the Bitcoin that are not that are fiction
42:46
actually. And I I think couple couple
42:50
decades from now on, we don't even have to call it Bitcoin
42:53
fiction. It will just be, you know,
42:54
regular fiction. Right now it's it's kind of a
42:57
niche that doesn't exist, but I think it's an important one and
43:01
it's something that can resonate with just anybody, anybody who's
43:03
interested in stories. Yeah, that's really.
43:08
That's really awesome. Out of all these books, I don't
43:11
want to put you on the spot. Which one is your favorite and
43:13
why? Right, so I I like to say that
43:18
my all time favorite, my all time favorite book is probably
43:23
Man Economy Estate by Murray Rothbard, which we don't carry
43:25
at the moment, but from Bitcoin books.
43:28
It I gotta say it's Crypto Economics by Eric Boscoil.
43:32
It it does a really good neutral treatment of the underlying
43:38
axioms that make Bitcoin and its incentives work and make it what
43:42
it is. And yeah, I highly recommend
43:45
that one Bitcoin Standard is obviously the very important
43:49
book for for the reason that it gives the well needed monetary
43:53
education to anybody and accessible to everybody.
43:57
So. So that's a very good book.
43:59
Also the gift, but let's be honest, it's 400 pages, it's
44:03
history, it's not going to resonate with everybody.
44:06
So maybe some books like 21 futures.
44:10
I haven't seen the the real customer reviews yet, but the
44:14
the first one that we have online right now is really good.
44:17
So I hope people like that and it becomes a favorite of of
44:21
many, many people. But for me personally, I I
44:24
recommend checking out Crypto Economics.
44:27
And of course, everybody's probably read Bitcoin Standard
44:30
already. Yeah, that's awesome.
44:32
So where do you see this going? Where do you see the the Bitcoin
44:36
bookshop you know, five years from now as hyper bitcoinization
44:40
continues to accelerate? Well, I hope we're going to sell
44:44
a lot more books like right now let's be honest, we're basically
44:46
selling the bitcoiners who wanna wanna you know stack books and
44:50
stack sets and then try to arrange build their normal
44:53
friends that's that's the market basically.
44:55
So we're we're very in the beginning.
44:57
So my hope is that these, these topics become more interesting
45:02
to the wider public, sort of like Austrian economics books.
45:05
But even when that happens and that will happen, well, when
45:09
Bitcoin garners interest, it's still a fringe market.
45:11
Like it's not like you you meet a person who's read Rothbart
45:15
every day, even among Bitcoiners.
45:17
So we're still talking about kind of like a fringe market.
45:20
So looking looking forward like 5-10 years, I think we're going
45:23
to do more and more books. We're going to try to meet
45:26
people where they are. So we have to listen to the
45:28
market. We have to understand what kind
45:31
of stories people are interested in reading.
45:33
Like, it doesn't matter how great I think that the book is
45:35
if nobody's going to pick it up and read and just put it on on
45:38
the shelf and it's going to gather dust there for two
45:41
decades. You know, somebody might read
45:42
it, but that's not really what what the mission is about.
45:44
The mission is to get these ideas in the heads of as many
45:49
people as quickly as possible. And how do we do that?
45:52
That's that's by using using different techniques like, you
45:55
know, fiction that touches on these topics.
45:58
Do you? See Do you see people interested
46:00
in the fiction books? I mean people like movies like
46:05
The Matrix for example, and and you know, other fiction, fiction
46:09
books of course. Granted, for a lot of people
46:13
Matrix is just another action movie.
46:15
They maybe miss some of the underlying connections to the
46:19
Fiat world that we understand immediately.
46:22
That being said, you know, at least people are familiar with
46:25
that story. So it is a fertile ground to
46:28
start to explain things like if you start talking about monetary
46:33
history, people are going to start yawning and that's not
46:37
like it's it's a very small amount of people that you can
46:41
touch with that message. Unfortunately, no matter how
46:44
much I would like that to be the case that people like to educate
46:47
themselves. They want to be entertained and
46:51
we need to accept that, like people want short form content.
46:54
They want interesting, easy to digest books and stories.
46:58
So let's give it to them. Like I say, let's give it to
47:00
them and once they are ready, we still have that library of
47:03
hundreds of books that will dive deeper and and you can take
47:07
those steps on your own time. So I'm done pushing the agenda
47:10
on people and I'm focused on on creating interesting stories and
47:14
narratives. 100% you You went over the culture.
47:17
You know politics is downstream from from from from culture.
47:21
You went over the culture. You win.
47:23
That's how you win. You have to win over the
47:24
culture. You do that by art form, music,
47:28
you know, sculpture, books, music, movies.
47:33
You know, you make the ideas, the Bitcoin ethos, part of the
47:38
mainstream consciousness and you won't even have to fight
47:42
anything. It's just, you know, people will
47:45
naturally want to seek sound money.
47:47
They'll naturally want to live on a sound money standard.
47:51
And I think you're seeing that in in El Salvador with Naim
47:55
Bukele as well. You're seeing, you know, really
47:59
teach the young generations, right?
48:01
I think last time I saw Safedine was teaching a class to these
48:06
young El Salvadorian kids about sound money.
48:09
You know, could you imagine, like from such a young age,
48:12
programmed essentially to understand the benefits of sound
48:16
money? And then you contrast that with
48:19
the educational system in the US or in the Western world?
48:22
They don't even teach you about money.
48:23
They do it on purpose. Because I think if people knew
48:27
it's, you know, like the the scheme would be over, be very
48:31
difficult for them to continue gaslighting us.
48:34
Anyways, guys, this was today's simply Bitcoin.
48:38
We are streaming, like I said, we are going, we're going to be
48:40
streaming from Las Vegas live. I want to thank our guest Nico.
48:45
Thank you so much for joining us today.
48:47
We really, really appreciate it. Thank you so much.
48:50
I appreciate it and thanks for everybody who was watching.
48:53
Thank you guys. Thank you for for joining us.
48:56
Really, really appreciate it guys.
48:57
That was simply Bitcoin Live. If you enjoyed the show, you
49:00
know what to do. Smash that like button.
49:01
Consider subscribing. If you feel like we provided you
49:04
value, we'll be back tomorrow, same time, 12:15 PM Eastern
49:08
Standard Time, for another episode of Simply Bitcoin Live
49:12
and Sophie. Any last words?
49:14
Keep stalking. Keep stalking and tell your
49:17
friends and family I told you so so they can stalk too.
49:21
Oh, my God. Bullish.
49:22
Bullish. All right, guys, we love you
49:24
all. We'll see you tomorrow on the
49:25
next show. Peace out, everybody.