Latest / Simply Bitcoin / BREAKING: China Secretly Comes Back to Bitcoin | EP 683

Transcript

BREAKING: China Secretly Comes Back to Bitcoin | EP 683 · Simply Bitcoin

0:12
Yeah welcome to another episode of Simply Bitcoin live.
0:16
Your number one source for the peaceful Bitcoin Revolution
0:18
record. Breaking news culture, medic
0:19
Warfare. We will be your guide through a
0:21
separation of money and state. Another interesting development.
0:26
Super super, super strange. I mean It's strange because
0:32
we're living through it, but it's not really strange.
0:36
If you understand Bitcoins incentives, Bitcoins incentives
0:39
are absolutely irresistible and that's why we're here.
0:43
So, what am I talking about? Some Rumblings coming out of
0:48
Hong Kong specifically that they want to become so called a
0:54
crypto Hub, and you have to understand something about Hong
0:57
Kong and I'm sure you guys saw the Hong Kong protests Is that
1:01
it was a British colony. That was handed back to China,
1:06
but China decided to keep the government of Hong Kong like,
1:09
the way that Hong Kong ran itself separate from the way
1:13
that mainland China, ran itself over time.
1:18
You know, the the CCP started to pull Hong Kong back into their
1:22
into their grit, their grasp. You know, they you know, they
1:25
got rid of free speech, they put a lot of people in jail, you
1:28
know. So you would think that They
1:31
would stick with the regulations or the way better said, how
1:37
they, how the, how the how mainland China sees Bitcoin,
1:41
just ban it out, right? It's illegal.
1:43
You're not allowed to use it. You would think that that same
1:47
type of thinking would apply to Hong Kong, but that's not the
1:51
case at all, right? And why is that?
1:53
Well Bitcoins incentives? Not to mention the fact that
1:57
even after. And I love using this example,
1:59
because it highlights The power of Bitcoins incentives, right?
2:03
We all know about number go up technology.
2:05
I don't need to tell you guys about that.
2:06
But if you look at the infrastructure layer like the
2:10
infrastructure behind Bitcoin, right?
2:12
The Bitcoin mining aspects out of things when the CCP band
2:16
Bitcoin mining within their borders.
2:19
The hash rate fell by over 50%. Right?
2:23
And you know, coincidentally, this was in the middle of the
2:25
last bull run, right? And I would like to believe
2:28
that, you know, definitely Put downward pressure on the price
2:33
because a lot of these miners have to sell Bitcoin to
2:34
relocate. Anyways, the hash rate recovered
2:38
in nine months without any Central Authority, without any
2:43
CEO telling him to pack up and move.
2:46
It was people chasing profit. It was incentives alone.
2:50
So that's what we mean by Bitcoins.
2:53
Incentives are irresistible. And if you zoom out and you
2:58
compare this to what government, They're trying to do to hold on
3:02
to that privilege of being able to create money for free, that
3:05
everyone has else has to work for their last hoorah.
3:09
You know, we, we covered a Gustin car.
3:11
Since this, this week is the Central Bank, digital currency
3:15
right, and the Central Bank, digital currency is going to
3:17
require coercion for people to use it because it doesn't fix
3:21
the problem. As to why I believe, most people
3:24
are going to inevitably opt out into Bitcoin.
3:27
It doesn't fix inflation until Bank, digital currencies.
3:30
You know, if You believe them is just going to make payments more
3:33
efficient, right? But what if you just want to use
3:37
the money that doesn't steal from you in the first place?
3:39
What if you want to use that right?
3:41
And Central Bank, digital currencies don't fix that issue.
3:45
Why am I saying this? Because TB DC's, require
3:49
coercion and Bitcoin has incentives and I think
3:52
incentives are going to win the day.
3:54
And I think what happened in what happened in Hong Kong is
3:58
another representation Just that Bitcoins incentives are
4:03
irresistible even to the CCP. Anyways, I want to bring on our
4:08
very special guest today. He works in the the nuclear
4:14
energy industry and I you know you guys know how I feel about
4:18
Bitcoin and energy, you know, the very very closely knit
4:22
relationship there. So we're going to talk to him a
4:26
little bit about that during the culture segment.
4:28
So welcome to the show, my friend and of course, Course my
4:31
always optimistic. Co-hosts, are you doing Opti?
4:35
Doing wonderful man. I'm mad Another Day in Paradise.
4:39
Another day doing what we love. So it's hard to not be
4:42
optimistic. Nico.
4:43
But man, I'm excited for this. So I'm just trying to get get
4:46
all into it. Dude, we've already wasted five
4:48
minutes. Nico.
4:48
Let's get into the news. We need to go Joan.
4:51
Let's get into it. All right everybody, let's get,
4:54
let's start the show. Let's do this.
4:58
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Anyways some bullish bullish news for you guys.
7:02
Try not to the to our friends at no BS Bitcoin.
7:04
They're freaking awesome. And they dropped.
7:07
And it's interested, you know, it's in the name, right?
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They really only drop news that they think is no BS.
7:14
And I think this is absolutely massive.
7:16
And I think not only does this highlight Bitcoins incentives,
7:19
like people, you know, people want to opt out but the
7:23
year-over-year Growth, I think is the most striking figure.
7:27
Anyways, the headline for audio listeners cash app users bought
7:31
7.1 billion dollars worth of bitcoin in 2022, quote Bitcoin,
7:36
gross profit was third with 35 million dollars in the fourth
7:39
quarter of 2022. The the total sale amounts of
7:43
Bitcoin sold to customers, which we recognize as Bitcoin Revenue
7:46
was 1.8. 1.8 three billion dollars.
7:51
So put the prophet aside all that.
7:53
We're not Really concerned about that.
7:55
But what we do find very, very interesting fascinating was the
8:00
amount of Bitcoin that was bought.
8:02
That's a lot of people that are stacking and also the
8:05
year-over-year growth, right? So in 2018, we had they had a
8:10
1.3 billion dollars of Revenue and 2019 1.89 billion in 2020,
8:16
2.73 billion in 2020, 14.4 to billion and in 2022 5.9 billion.
8:24
Almost six billion dollars and you can surmise that that's odd.
8:28
It's just more people, buy more Bitcoin and year-over-year.
8:32
There's even more interest in it.
8:34
Anyways for the full year of 2020 to cash generated. 7.1 7.1
8:40
billion dollars of Bitcoin revenue and 156 million dollars
8:43
of Bitcoin gross profit down 29 percent and 20 percent year over
8:48
year respectively. So it looks like 2022 is in is
8:52
in starting off a strong. Anyway, so let's check this out.
8:56
This is also kind of what's the word this is backing up the
9:04
theory of the case, right? Because we are speculating or
9:06
there speculation is that all more people are buying Bitcoin
9:10
plebs. Are are stacking the dip.
9:12
You know, this is what's happening.
9:13
Look at the revenue numbers from cash app, you know, this is what
9:17
must be happening. But this is a stat that we
9:18
looked into the one you know, not too long ago.
9:22
And it's addresses with one Bitcoin or more, right?
9:25
And that also made an all-time high and it's surprisingly.
9:29
Well, not really surprised. The that just went parabolic
9:34
when Bitcoin made the all-time lows back in November, when it
9:38
was hovering around the 1517 kaemark, right?
9:42
So, the amount of addresses with one Bitcoin or more is almost at
9:47
1 million, it's currently sitting at 980,000 409 and that
9:52
coincides with the cash app numbers as well.
9:56
It looks like more and more people are stacking Bitcoin.
9:59
There's more ad. Addresses with one Bitcoin or
10:02
more. What could you surmise with
10:05
this? This is adoption.
10:06
These are these are, these are numbers that are backing up,
10:09
that Bitcoin is being adopted more and more.
10:12
There's more bitcoiners being minted on a daily basis.
10:15
I think the most bullish number is more whole coiners being
10:19
vented, and that makes me incredibly Bush and also makes
10:22
me very happy. Of course, it's not.
10:25
You can't say that. All of that 980 million.
10:29
Sorry, 980,000 addresses are one individual.
10:33
You And see that. But you could be, you could
10:36
pretty make, you can make a pretty strong assumption.
10:38
That a good percentage of that 980,000 is, is new whole coiners
10:46
and that makes me incredibly bullish.
10:48
I want more people to become whole corners, but remember,
10:51
guys, there will only ever be 21 million Bitcoins.
10:55
So there can never be more than 21 million whole coiners, not to
10:58
mention the fact that you know, Michael sailor owns.
11:02
I think it's like one in something one.
11:03
In seven of all Bitcoin ever, right?
11:06
So, there's only so much to be around.
11:08
There's only so much to go around but the adoption keeps
11:10
increasing year over year. I don't know, but you Opti, but
11:14
that makes me incredibly foolish.
11:17
What about you, bro? Yeah man, I mean, hey big
11:21
Corners are stacking out there so shout out to everyone that
11:24
continuously has their either DCA or their lump sum buys, you
11:29
know every week. But I think this kind of back to
11:32
an idea that I had that I keep talking.
11:34
About, you know, you give people a convenient way to save it
11:36
Bitcoin and people saving Bitcoin, obviously, we always
11:38
touch on the trade-off between convenience and privacy, but,
11:42
hey, it looks like cash app has been able to not only Corner the
11:46
market, but get people's attention and offer them a way
11:50
for them to get Bitcoin exposure.
11:52
But I think not only is there a lot of signal in this about what
11:56
you mentioned, where a lot of people are buying Bitcoin,
11:59
through cash app. Someone mentioned on Twitter and
12:01
I didn't even put the two and two together.
12:03
But this number, the 7.1 billion dollars of Bitcoin that people
12:08
bought on cash up is almost all the Bitcoin produced in 2022.
12:11
So not only is that like extremely bullish in the in the
12:16
meantime but just imagine when we get past the having like, I
12:20
don't know guys. I'm not trying to give you guys
12:21
the Friday, hope IAM, but hey, we are stacking a ridiculous
12:26
amounts of Bitcoin out there and just double down on the stacks.
12:29
And then as more people start stacking Bitcoin through these
12:32
different apps, man. Price is going to go nuclear
12:36
gradually. Then suddenly I'm just, you
12:38
know, just stacking my shop and taking it into cold storage
12:41
because it's gonna get crazy. Yeah, absolutely 100%.
12:46
But remember guys, best places to access Swan.com.
12:50
Anyways, Ryan, what are your thoughts on this, bro?
12:52
What's your take? Oh, I'm loving watching the
12:55
adoption grow. It's complicated when you
12:58
talking to no corners and the only thing they see is the price
13:01
but we see it option growing in all the different ways to
13:05
onboard new people, whether it's bringing them onto Noster and
13:09
various other value for Value. Probably podcasting applications
13:13
more, and more people are just getting that easy exposure.
13:17
And like one of my daughter's is addicted to that the Thunder
13:22
game solitaire. So she's just stacking SATs a
13:25
little bit at a time while she plays her or Solitaire.
13:27
It's yeah, it's, it's going to get big and it's going to catch
13:31
a lot of people off guards and I'm just along for the ride.
13:35
Loving it. Yeah, yeah, yeah, we're all
13:41
along for the ride, so many things happening, so many things
13:45
happening all at once. All right, everybody, let's get
13:49
I could find the screen having trouble today.
13:52
All right, everybody. Let's get to the news.
13:53
We got a lot to talk about during during the new segment.
13:56
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All right, everybody, let's talk about the big news for today
14:39
which is Hong Kong China. The irresistible incentives of
14:44
Bitcoin. Anyways, let's get to it
14:47
already. So the the, the headline for the
14:49
of the article for audio listeners is Hong.
14:52
Kong's crypto Hub. Ambitions, when quiet backing
14:56
from Interesting, right? But before I get to that, there
15:01
was news that came out the day before it came out, February
15:04
22nd Hong Kong to establish task force to help develop crypto
15:09
Hub. Hong Kong, will set up a task
15:11
force to provide recommendations on how we could achieve a
15:13
recently. Adopted goal of becoming a
15:15
crypto Hub quote over the past few months.
15:17
A large number of innovative Enterprises with potential have
15:20
been considering setting up businesses, in Hong Kong
15:23
Financial secretary. Paul Chan said in his 20 23, T20
15:27
for fiscal year, budget speech quote, for the next step, I will
15:31
establish and lead, a task force on Virtual asset development
15:35
with members, from relevant policy, Purex Financial
15:38
regulators and Market participants to provide
15:41
recommendations on the sustainable and responsible
15:43
development of the sector. Now, you would think like, okay,
15:50
you know, this is a nothing burger.
15:52
Like we have other women, so many cities around the world are
15:56
doing this. We Have to remember that Hong
15:59
Kong is part of China and we know China's hostility towards
16:06
Bitcoin, right? They ban Bitcoin within their
16:07
miners, they don't want people using Bitcoin on the ground,
16:11
right? They want people using Central
16:13
Bank, digital currencies in the country.
16:15
It is a totalitarian country after all, but the very end of
16:19
this Bloomberg article, I find it very interesting and
16:21
remember, you have to compare and contrast this with how the B
16:26
Administration? Has been and we've covered this
16:29
many times, right? Operation chokepoint 2.0.
16:31
How Nick parter said, Nick. Carter said it in his paper.
16:35
How the B Administration has this like Shadow War towards the
16:38
industry, trying to isolate it from the US Financial system and
16:46
this represents the better flag Theory, right?
16:49
You can't ban Bitcoin, this is opt he's quote you can only Bend
16:53
yourself from Bitcoin, right? So if the u.s. plays hard, Ball
16:58
it risks. Potentially giving up some of
17:03
these awesome Bitcoin companies in these awesome Bitcoin
17:06
companies row, cloak relocating to Hong Kong, which is
17:10
controlled by the CCP. Like, why would you do that?
17:14
Why would you shoot yourself in the foot like that?
17:16
It's just so ridiculous policy makers and regulator not, all of
17:20
them, of course, they really got to wake up to this fact, you
17:24
can't just make this thing go away, either get on the Bitcoin
17:27
train or it leaves you behind. Anyways, the city's policy shift
17:31
contrast with a Crackdown in the u.s. following the collapse of
17:35
the FTX exchange with an eight billion dollar hole in its
17:38
finances. And that right there is the key
17:42
phrase. Anyways, this article is even
17:44
more interesting, Hong Kong's crypto Hub and missions.
17:48
When quiet backing from Beijing, in October, Hong Kong rolled out
17:53
the red carpet. For crypto businesses to help
17:55
Revitalize the embattled financial Hub signs are now
17:58
emerging the Bush has under the radar backing from Beijing,
18:02
providing a toast for Mainland. Chinese firms to return
18:05
representatives from China's liaison office and other
18:08
officials have been frequent guests at the city's crypto,
18:12
Gatherings over the past month, swapping business cards.
18:15
And WeChat details said, people familiar with the matter who
18:18
asked not to be named discussing private information.
18:21
They encounters have been friendly with officials checking
18:24
on developments asking for reports and in some cases making
18:27
follow-up calls the people said Ed the liaison office the top
18:31
Mainland body. Based in Hong Kong didn't
18:33
respond to a request for comment.
18:35
Local crypto operators say their presence is clearing up any
18:38
doubts about beijing's attitude towards Hong, Kong's efforts to
18:41
become a crypto hug. The Loki support shows that
18:44
officials are keen on using the laissez-faire city as a testing
18:48
ground for digital assets as they keep a tight rein on any
18:52
such activity on the mainland isn't that interesting, right?
18:57
But that that right there reminds me of a very famous
19:02
article from Alex gladstein and the name of the article is
19:08
Bitcoin is a trojan horse for Freedom, right?
19:10
And I'm going to read you parts of the article on remember
19:13
because this isn't just trying to doing this, right?
19:15
They're experimenting. They know that Hong Kong is
19:18
relatively isolated from Mainland.
19:20
They're like you know what? We can get the benefits of
19:22
Bitcoin. But we could separate the
19:25
freedom out of it. We could, you know, we could
19:26
separate the two and we know Russia is doing the same thing,
19:30
right in Russia. It's hilarious, right?
19:32
They want to use with the last news that came out.
19:34
They want to use Bitcoin to facilitate International
19:37
payments but they they you know, they're more against their own
19:44
local populace using Bitcoin. So they want to reap in the
19:48
benefits but they also don't want to give people the freedom
19:51
either. I would want to make the case
19:52
that once. You incept people with the idea
19:57
that they can hold the money that doesn't require
19:59
intermediaries. That is very hard to confiscate.
20:05
It can't be debased. I think it's a very hard ask for
20:10
them to go back into Fiat currencies, right?
20:14
Anyways. Alex goes on to say the Trojan
20:17
horse has been popularized in computer science, as a malicious
20:20
program disguise as a helpful update, but it is also an
20:23
Effective metaphor for how Bitcoin stealthily coops actors?
20:27
Who do not care about or do not like freedom to promote It?
20:30
Anyway, the mean begins with wealthy individuals,
20:33
corporations and soon governments, which see, Bitcoin
20:35
is glittering digital gold. You see how he said soon,
20:38
government's? Right?
20:39
So this article was written in 2021, right?
20:44
Out of self-preservation and greed, they're incentivized to
20:47
buy mine or one day tax. This new prize to accumulate,
20:51
the soundest money and gain an advantage.
20:53
Age over their Rivals. And remember what it said in
20:57
the, in the, in the end of this article, the city's policy
21:00
shifts contrast with a Crackdown in the u.s. following the
21:04
collapse of the FTX exchange. So, and remember what it said in
21:08
the other article as well. Right there trying to revitalize
21:11
the city and remake it a financial Hub, right?
21:15
Which it took a huge hit after the, you know, the the Hong Kong
21:21
protests and they're trying to You bring business back in but
21:25
what they don't realize and what Alex is making the case for and
21:28
of course what you know what simply Bitcoin makes the case
21:32
for is that Bitcoin is a trojan horse.
21:34
The once you take the orange peel, you can't go back
21:38
specifically for individuals. So the mean begins with wealthy
21:41
individuals corporations soon, governments, receive Bitcoin is
21:44
glittering digital gold out of self-preservation and greed.
21:47
They're incentivized to buy mine or one day taxes new prize to
21:50
accumulate, the soundest money and gain advantage over their
21:53
rivals. It coin does.
21:54
After all on an exterior look very appealing.
21:57
It is the best performing financial asset in the world
21:59
over the last 12 years. The Bitcoin is not just number.
22:02
Go up technology hidden behind the eye-popping gains is a
22:06
powerful Freedom. Go up technology, and that its
22:10
new adopters are knowingly or not pushing forward.
22:14
Number, go up and freedom. Go up are inextricable.
22:18
You can't separate the two. So very, very, very fascinating.
22:22
And then another data point. I wanted to share with you guys,
22:25
right is even after the China banned, even after the China ban
22:28
happened, right? It's estimated that a huge
22:31
portion of the Bitcoin hash tree is still located in mainland
22:36
China. And I think that really
22:38
highlights right the power of Bitcoins incentives.
22:42
And that's really the theme of today's episode, right?
22:45
Even and if you think you can kill Bitcoin and one of the most
22:48
totalitarian countries on the face of the planet.
22:53
It could have been this thing. People still want to make mine
22:56
it at risk of going to jail or maybe even government officials
23:00
right through corruption and they're using their Enclave
23:04
city, right? Has historically had a separate
23:06
form of government as a testing bed to reap in the benefits of
23:11
Bitcoin without allowing individuals specifically in the
23:16
mainland to adopt it, right? You cannot resist Bitcoins
23:20
incentives. And I think that specifically
23:25
the Hong Kong example, connected with the hash rate, you know,
23:29
connected with the fact that how crazy is is to say this, you
23:33
know, Hong Kong is being friendlier to, to, or part of
23:38
China's being friendly or to bitcoin than the United States,
23:41
right? So if a country really wants to
23:43
reap in the benefits here, if they want it, if they want to
23:46
help their citizens flourish, you know, rather than trying to
23:50
stop and fight the honey. Your, you got to embrace it but
23:54
that's a very tough pill for some some politicians because,
23:58
you know, they are going to have to give up that privilege.
24:01
You know, that privilege of being able to create money for
24:03
free that everyone else has to work for.
24:05
And I just, I don't think a lot of people, I don't think a lot
24:09
of power-hungry politicians are are going to give that that,
24:15
give that over gently, you know, they're just not going to go.
24:17
Here are the keys to the kingdom.
24:19
Have fun, you know, knock yourself out.
24:21
I think they're going to going to fight you know and
24:23
specifically the United States. That's what they're doing, but
24:26
they're just hurting their citizens.
24:28
They're not stopping this. You can't stop this train and
24:32
and yeah man. So incredibly bullish news bro.
24:34
Not to mention the adoption in the beginning of the episode.
24:37
The adoption numbers. It's all speculative.
24:39
We can't know for sure. But it sure does look like it.
24:42
And, of course, you know, Hong Kong.
24:45
Hey Bitcoin business is if the u.s. treats, you bad.
24:48
You guys are more than welcome to come here, which I think
24:50
would be a catastrophe. For the US for policymakers to
24:54
drop the ball like that. Anyways Opti.
24:56
What are your thoughts? And then we'll move on to
24:58
nuclear Bitcoin? ER well I mean you said it and I
25:02
say it all the time can't ban Bitcoin, you can only ban
25:04
yourself from Bitcoin. And so it's another idea that we
25:09
always talk about here is Bitcoins incentives.
25:11
Just continuously stay winning and you'd have to be completely
25:16
oblivious to what's going on in the Bitcoin space to not
25:19
recognize that Bitcoin is a superior way to not only You
25:22
say, but transact with money over the internet.
25:25
And so, you know, it's, I'm not surprised that we're saying
25:28
this, but first and foremost before I forget, you know, the
25:31
whole Hong Kong crypto Hub. Part, manage Bitcoin.
25:33
Not crypto. Let's go.
25:35
I'm so sick of using the word crypto.
25:37
Anyways, I think there's a great common here and I'm not going to
25:40
scroll up in the chat, but it's somewhere in here, shout out to.
25:43
Whoever said it, if I can find it real quick, he basically said
25:47
like this is not about Bitcoin, it's more about like CBD season
25:50
and like, you know, On this idea, it's almost like they're
25:53
trying to take notes as to what is the best narrative to latch
25:56
onto and if I connect this with the news, the other news we saw
26:00
this morning coming out from the ECB and their digital Euro,
26:04
they're basically saying the same thing like the Bitcoin
26:07
narrative just continuously is winning.
26:09
And we I say it all the time, it's our mean world and everyone
26:11
else is just living in it. And so the ECB news in regard to
26:14
their digital Euro, its kind of to that guys, comment in the
26:17
chat is they they came out this morning and said that the
26:21
digital Euro Should prioritize online peer to peer payments and
26:25
there's like like what do you do?
26:28
You understand what you're saying your centralized CBC is
26:32
going to somehow become peer to peer and so I say all that to
26:35
kind of add a little more Credence to what he said you
26:38
know. Maybe Beijing is understanding
26:42
that. Hey we can't actually stop
26:44
Bitcoin. We need we need to either on the
26:46
one hand figure out a way to co-op the Bitcoin narrative so
26:50
that they get onto our CD. You see or, you know, figure out
26:54
ways to embrace Bitcoin and and go down the rabbit hole that
26:57
Nico just mentioned the Bitcoin is a free trojan horse for
27:01
Freedom. So hey man saying all that
27:05
putting that all that aside Bitcoin just stays winning and
27:08
as a big corner like we're right guys.
27:11
Like we you, you know, acknowledge the fact that you
27:14
are right on your Bitcoin message, take Bitcoin in the
27:16
South custody and spread the Bitcoin signal to more people
27:20
and live, a good life and we Continue to win.
27:24
And this is exactly why you're known as Optimist fields.
27:28
Anyways, nuclear Bitcoin where, but what's your take, bro, I
27:31
find this fascinating, especially in the context of
27:34
like, the, the brics countries relationships strengthening and
27:38
then the fact that Russia has proposed to sell oil and Energy
27:42
Products in everything, but US Dollars throwing the petrodollar
27:46
system into complete disarray. As far as I can tell it died
27:50
that day that the Americans froze, their assets.
27:53
And we're living in a new paradigm now, where the Sands
27:56
are shifting and everyone's just trying to find Find their place
27:59
in this new system and Bitcoin, definitely stands a chance to
28:02
come out on top. And there's going to be a lot of
28:05
forces trying to say that they can outdo Bitcoin with whatever
28:10
CBC project they have. Like I wouldn't be surprised if
28:14
after Nigeria and go back to the drawing board and come, come up
28:18
with different new strategies to implement cdc's because that
28:21
seems to be very chaotic situation.
28:23
That's not going well. And clearly just pushing more
28:26
people to adopt Bitcoin and just in the relationships between
28:29
these countries and then especially with like China is
28:32
developing a lot of power infrastructure so it was Russia
28:36
like we it's known that gazprom is already mining.
28:39
Bitcoin wouldn't be surprised if rosatom third nuclear energy
28:44
company also follow suit shortly and also starts adopting that in
28:48
the other countries that they're building nuclear reactors for
28:51
like Egypt and hungry. It's going to it's going to be
28:56
escalate and get a lot weirder before things.
28:58
Move out, but that's what we're here for.
29:01
This is a very exciting ride to be a part of 100 percentage.
29:05
They don't call it the Big Horn roller coaster for no reason.
29:08
And you said something that was really interesting and it
29:11
reminds me, I forget where I saw this, but they're making the
29:15
case that we're witnessing the end of the unipolar world,
29:19
right? This world that was built really
29:22
at the conclusion of World War Two.
29:25
Where, you know, the u.s. is this, you know, Supreme
29:28
Superior. Superpower, and then
29:30
specifically, after the collapse of the Soviet Union, that was
29:34
undebatable at that point and it's almost as if we're
29:37
witnessing the end of that, right?
29:39
But a lot of us politicians are still acting as if you know this
29:44
is the u.s. of old you know. And and and I think that's
29:49
really what we're witnessing here.
29:51
I don't want to say. It's the the, you know, I don't
29:54
want to say it's the crumbling of an Empire.
29:56
I think it's the death of how things Were and I think through
30:02
that death, there's going to be a rebirth, a revitalization Like
30:07
a Phoenix rising from the ashes and that's really what I'm
30:10
looking for. But I hope like I think that is
30:13
possible if B if the u.s. specifically stops fighting this
30:19
thing potentially conceding it to a city that is controlled,
30:24
you know. Bye-bye.
30:25
You know a country that you know by 2050 they want to be The the
30:29
world dominant power and they should stop fighting in this,
30:32
should embrace this technology, you know, that's what needs to
30:36
happen, you know, it's so ridiculous that in a country
30:40
that, you know, supposedly embodies a lot of the principles
30:43
of Bitcoin is the, the government is actively trying to
30:48
fight it. And it's so it's so beyond it,
30:52
blows my mind. And I think it I think it's,
30:55
it's really, really putting the you It's potentially in a very
31:00
very bad spot. Moving forward, conceding and
31:04
Bitcoin businesses fleeing to other countries I think is going
31:08
to have Cottage catastrophic consequences moving forward, you
31:12
know. So yeah, I'm bullish on El
31:15
Salvador, I'm bullish on all countries that, you know, make
31:20
Bitcoin, Bitcoin business make, you know, doing business and
31:25
being friendly towards Bitcoin businesses, I'm bullish on them.
31:28
But I'm not bullish on, on any country that tries to fight this
31:32
thing, I think that they're they're they're they're they're
31:35
trying to preserve themselves. A government is trying to
31:38
preserve themselves but they're really hurting their citizens
31:42
the opportunity for their citizens.
31:44
But you know what specifically I was talking about the, perhaps,
31:48
the federal government but very, very bullish news coming out of
31:52
state, governments, right? Left and right.
31:54
Montana wants to protect, you know, Bitcoin mining by law.
31:58
We have Mississippi as well, not to mention Wyoming, you know,
32:01
hey, private keys are protected. You have the right to run your
32:05
note. So I love that, you know, of
32:06
course, not to mention, you know, the the great state of
32:09
Texas as well, right? So we have individual State
32:12
saying like, yeah, this Bitcoin thing is awesome.
32:14
They're protecting it. But it looks like the federal
32:18
government is the one that that's hostile towards it, but
32:21
it makes sense because they're the ones that benefit from from
32:24
the money printer. So it totally makes sense, you
32:26
know? But holy cow, what a A
32:28
fascinating time to be alive. Like, witnessing this stuff.
32:32
This is crazy. This is this is nuts.
32:34
I don't think, I don't think this has ever happened before in
32:38
human history. I think that, you know, the
32:40
state always somehow controlled the money, you know, even since
32:44
Roman times they're putting the, you know, the the faces of The
32:48
Emperor's on the coins, right? You know, the non-state money,
32:52
such a radical idea but it reminds me of the separation of
32:56
church and state, you know. To to talk about having that
33:02
type of government would have seen radical 200 years ago.
33:06
You do the you would look you be laughed out of the room and it's
33:10
I feel like history is repeating itself in a way, right?
33:13
Where, you know, we're witnessing that same cognitive
33:15
dissidence from these people from The Establishment from the
33:19
powers that be. And they're just like, no, it's
33:21
impossible money. You know, and you see what with
33:24
Augustine Carson. Like, you need the central
33:26
planning, you need the trust of the Central Bank, you Need the
33:29
backing of the full faith of the US government, and then Bitcoin
33:32
is just proving them wrong and saying, no, we exist, anyways,
33:35
and we're better money. F you guys, you know, like, no
33:37
that can't happen. Bitcoin is in money Fu, we have
33:39
to Pat it, it's used for terrorists, you know, like holy
33:42
cow. Wow.
33:44
Very, very privileged to live through these times and happy to
33:47
be in the trenches with all you guys.
33:49
And anyways, let's get to the culture, Bitcoin and nuclear
33:53
energy. Let's do this.
33:57
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Swan Bitcoin.com today, Alright guys, I also want to give a
34:25
shout-out to the Bitcoin conference that Opti and I met
34:29
at we we didn't really know each other.
34:32
And I said, Opti, let's stay in a room together and this is and
34:38
I don't want you guys to get any ideas, but we stayed at.
34:41
We stayed in a room together. We didn't really know each other
34:43
but we knew we spoke the same language.
34:47
You spoke the same language and because we spoke the same
34:50
language and because we're using the same unit of account.
34:53
Count. Our incentives were aligned man.
34:56
And it's a very very special conference means a lot to me.
35:00
We're going to be there as well. We're going to be holding down
35:02
there. Twitter spaces, also
35:04
potentially, you know be be live streaming from the event.
35:08
Guys, you don't want to miss it but block boom, August 24th,
35:10
25th 26th 27th 2023. It's an Austin Texas, you can
35:14
use the promo code is simply Bitcoin to get a big discount on
35:18
your tickets and of course you don't want to miss unconscious.
35:23
Edible it's in Las Vegas Nevada. It's also a poker tournament.
35:27
Poker tournament is a hell lot of fun.
35:30
First poker tournament I've ever did.
35:31
I'm super proud of this. I'm going to keep telling you
35:33
guys I came in eighth place, head of 100 and I don't know how
35:36
to play poker. Absolutely, it's a blast.
35:39
I think the winning prize is one full Bitcoin super, super fun.
35:42
It's also a Bitcoin conference as well.
35:44
And some of the speakers include tone.
35:45
Vase, Adam back. Jimmy song, Jack mahler's.
35:48
Greg Faust? Mark Moss down held been Canon.
35:51
He's been on the show many times in her.
35:52
Look, btcc. Sessions is on there as well.
35:55
You guys don't want to miss this.
35:56
Awesome Bitcoin celebration. And you can take advantage of
35:59
the promo code simply 10 to get a big discount to on confiscate
36:04
a bubble anyways Opti. All right, all right, all right,
36:07
all right, all right enough Nico today, no, just checking.
36:10
All right, so I guess today, nuclear Bitcoin, we're just
36:14
going to talk. I know you're super bullish, on
36:16
nuclear power and Bitcoin mining.
36:19
And I just think it's very interesting, you know, Bitcoin
36:21
gets a lot of hate when it comes to its energy.
36:23
Use and the conversation gets tricky and then it gets even
36:27
more. So when you bring in nuclear
36:29
power because nuclear power in general just gets a bad view but
36:33
as bitcoiners as someone that's Dove down the rabbit hole, you
36:37
know, it's very in my opinion is the best energy, you know?
36:41
Like it is the greenest energy in my opinion and then not only
36:45
in my opinion and I'm sure yours but we are seeing a lot of
36:48
Articles coming out from, you know, corporate press mainstream
36:51
news in regards to To bitcoin miners seeking nuclear power.
36:56
We are hearing that we're going to see the first nuclear-powered
36:59
Bitcoin mining Center in q1 of this year so I did bring a Meme
37:04
here. We do love memes here on this
37:05
show and you retweeted this one. So for the people out there you
37:08
guys can see this on the show but hey Ryan or nuclear nuclear
37:12
Bitcoin. How bullish are you on
37:15
nuclear-powered? Bit?
37:16
Coining or nuclear-powered? Bitcoin mining.
37:18
You were telling me some stuff in the, before the show and I
37:21
know you have a lot of coverage, so Maybe I don't know.
37:25
Where should we start? It should we start with
37:26
debunking? Nuclear power or do we just
37:29
start with getting people bullish on Bitcoin mining with
37:33
nuclear power? Well I'll just open up with a
37:35
few just positives about nuclear power and then we'll get right
37:39
into the Bitcoin mining and what's happening today and what
37:43
I expect will be happening in the not too distant future but
37:46
as far as nuclear power goes it's the most reliable low
37:51
emission smallest land footprint.
37:53
At least material requirements. Like it's not, it may not be
37:57
number one in all of those categories.
37:59
But when you combine all of those categories for about the
38:01
reliability, safety affordability, low emissions
38:03
land use materials, it is by far the top dog in the industry.
38:09
It has the highest power density and it's always available at
38:12
like you can actually follow load with nuclear reactors and
38:16
they can also be used for industrial key applications as
38:19
well, which is something that wind and solar and other their
38:22
competitors. It really do.
38:25
It's a great replacement for for retiring coal plants.
38:29
It's a great. Yeah, it's just a great base
38:32
load energy that many countries have been relying on for decades
38:37
now. Canada in Ontario, has a
38:39
massive, massive Fleet of candu reactors or else is France.
38:46
Has lots of nuclear reactors. There's bunch of scattered
38:49
around through Europe. America has their own Fleet,
38:53
Japan. An is actually an interesting
38:54
one because after the Fukushima all of their entire fleet was
38:57
shut down. And there right now, beginning,
39:00
the process of Rio of restarting them, which is why I find the
39:05
announcement of tepco, their grid operator, announcing that
39:09
they are going to engage in something like Bitcoin mining in
39:12
to maintain grid. Stability is very interesting
39:14
because they're going to be transitioning away from
39:19
importing natural gas into restarting.
39:22
The nuclear reactors. So they're going to have a A lot
39:23
of surplus generation that they're going to need to find a
39:26
home for during that transition period.
39:28
So a Bitcoin money is going to be a massive asset in that
39:31
process. And then another interesting one
39:35
on that front is the United Arab Emirates.
39:38
It just announced that they're doing a partnership with
39:41
Marathon digital Holdings. And I would not be surprised if
39:45
that is related to. The fact that they just
39:48
completed commissioning for large nuclear reactors that they
39:52
built in conjunction. In with the South Korean power
39:55
company. Yeah.
39:57
Where else is there nuclear happening?
39:59
Then in America, there's the the Pennsylvania project that's
40:03
happening with Tara wolf and that's the one that you had
40:05
brought up earlier. That's Alex, parameters.
40:08
The head on that project is very, very gung-ho to get that
40:13
going and then what's most exciting about that one though?
40:16
Is that? That's the first one, that's
40:18
officially like behind the meter.
40:19
That's operating in conjunction with the reactor.
40:23
Whereas in States like Georgia in Ohio there are Bitcoin miners
40:28
they're using the grid which is mostly nuclear.
40:31
Like for instance clean spark has a has a massive facility in
40:37
Georgia that they're expanding as the capacity of the Vogel
40:41
reactors adds to full units of a little bit over a gigawatt each
40:47
to the to the Grid in Georgia. So that's going to be huge and
40:52
just all of these little Little little events, just add up to
40:56
the, we're still in the gradually phase, but sooner or
41:00
later it's going to reach critical mass.
41:01
And then suddenly talking about mining Bitcoin with nuclear
41:06
power is just going to be a common thing that everybody is
41:10
talking about. So I'm just trying to get get
41:12
ahead of the game so that when we start deploying the next
41:16
generation of nuclear reactors, the generation four types, and
41:19
the small modular reactors that have a much larger.
41:23
Of applications that they can be applied to that Bitcoin.
41:26
Mining is going to be capable of amplifying their capabilities by
41:31
based, providing that by our first Resort.
41:33
And then the dynamic grid management and various other
41:38
ancillary services that they can provide Beyond just monetizing
41:42
Surplus and wasted electricity which is going to be huge for
41:45
the industry. Like I am absolutely certain
41:48
that this this phase that we're going through with lots of
41:52
building, lots of wind and solar with and using Bitcoin.
41:55
Mining is going to kind of burn out after a while, because
41:59
everything's going to end up transition to nuclear once we
42:02
get into the thirties and forties.
42:04
So it's very, very exciting times on this nuclear front.
42:09
Let's go. Wow.
42:10
Well I'm already getting bullish but hey maybe for the people out
42:15
there that can't connect the dots.
42:18
Why would a Bitcoin miner want to plug into a nuclear power
42:22
plant? Because that's a lot of
42:26
electricity and Bitcoin miners have an insatiable appetite for
42:31
electricity and the way that it's structured with the
42:34
difficulty adjustment. Like in theory we could just
42:37
keep feeding it and it's just going to keep taking it.
42:39
And there's really no limit to how much we can put into this,
42:43
this network and and then it creates positive feedback loops
42:46
where as you have more reliable and credible Industries,
42:50
engaging with Bitcoin mining in the industry, then When you get,
42:55
then the value of the asset goes up and then it just just just
42:59
creates those. The the game theory viewed back
43:02
loops and then everyone everywhere is going to be trying
43:04
to get a piece of this. And there's so many different
43:07
applications as to where we can deploy these nuclear reactors.
43:10
Like I've been talking about I spoke with Daniel Prince few
43:14
weeks ago and he was pitching the idea of getting new clear in
43:17
Madeira and I was pokin around when I went to adopting Bitcoin
43:21
about, maybe I'll Salvador could use some Nuclear power and then,
43:25
actually, while I was there, I met Prince Philip of Serbian
43:28
suggested that Serbia could use some nuclear Powers.
43:31
Lots of lots of good interesting places that are very Bitcoin,
43:37
positive that are showing an interest in nuclear power.
43:38
And then in Africa, several of the countries that have strong
43:42
Bitcoin, adoption are also looking into nuclear power as
43:45
well like Ghana Uganda. Like, I think there was a
43:49
crossover like five or maybe six of the countries that were part
43:54
of, Of that delegation that visited, El Salvador are also
43:57
pursuing nuclear power in some form or another.
44:00
So there's I'm very bullish on Africa in Bitcoin mining and
44:05
nuclear power and yet we're going to help them come and
44:10
catch up to the rest of the world very quickly.
44:12
Once this technology is Unleashed, wow, I'm so bullish
44:17
right now. In regards to mining.
44:19
What are the main hoard hurdles that you're seeing right now in
44:23
regards to like push back with maybe not just nuclear power,
44:27
but like in like a general perspective, Like the nuclear
44:35
power has like very well financed anti-nuclear groups
44:40
that have been around for decades now and they get
44:43
financed to the tune of billions of dollars to put out foot
44:46
against the industry that most of it is like like yeah we're in
44:50
Bitcoin. So we see the funded all the
44:52
time and then We know that it's just, these people trying to
44:56
disparage the industry, they clearly can't keep up and or do
45:00
their homework or they know that they're saying, things that are
45:03
completely false in the face of contrary evidence that they're
45:08
either exaggerating or just being deceitful.
45:14
And it's very, it's been a very tough situation to overcome
45:18
especially with the situations, like Chernobyl and Fukushima,
45:21
which are incredibly rare events can Chittering the amount of
45:24
nuclear reactors that have been operating around the world for
45:27
six seven decades now. And those are the only
45:29
incidences incidents that have ever really happened.
45:33
That have had any casualties whatsoever and even then it is
45:36
minuscule in the grand scheme of things relative to the amount of
45:39
power, the nuclear power plant can generate and then like on
45:44
the Bitcoin side of things pushing that towards people in
45:48
the nuclear industry it's only really wild.
45:53
The no coiners. Don't see the value of Bitcoin
45:56
is the biggest obstacle because if otherwise, they're just, they
46:00
see, like, oh, we can use other Technologies like hydrogen for
46:03
demand response. We don't, it's just a silly
46:08
magic internet money, it's not worth anything, but it was soon
46:10
as you crack that nut and just kind of explain it to them that.
46:13
It's just an Arbitrage play, it doesn't really matter what you
46:16
think about Bitcoin. It just matters.
46:19
Can you plug in these computers and can you earn a Bitcoin for
46:23
Less? Less than what you can sell it
46:25
for on the open market and just Arbitrage that cost and just
46:29
make a profit off of electricity that wouldn't have been worth
46:32
like anything. Or in some cases it's even a
46:34
liability to generate Surplus electricity because it can
46:37
disrupt the frequency of the grids and cause brownouts and
46:40
blackouts and various negative effects to the Power Systems.
46:45
So it's it's important to maintain like a stable output
46:50
from a nuclear reactor. Like although I did mention that
46:52
they can load Whoa, it does disrupt the economics and it
46:56
does create unnecessary wear and tear on the turbine systems.
47:00
And the core by doing that one, if they would just have Bitcoin
47:04
mining just to fill that space where their Surplus is, then
47:08
they can keep the reactors running at 100% And then they've
47:11
always got that just that extra Market to sell electricity to on
47:15
the margins when they need to. So, I foresee in the not too
47:19
distant future, once we start deploying more nuclear reactors
47:23
using this. Strategy.
47:24
That they'll be they'll be many that are just mining at the
47:27
margins just to just to capture their Surplus and minimize their
47:30
economic losses. Well, there may be some that
47:33
have the intent to to buy an entire reactor unit just for the
47:37
purpose of mining Bitcoin and going and set it up somewhere
47:40
they can build a suitable. Like there's so much potential
47:44
like we can play out. Brandon Williams pioneer species
47:47
idea. Just drop drop a small modular
47:50
nuclear reactor with a contingency of bit.
47:53
Miners. And then monetize it while we're
47:56
waiting, for our transmission to be set up and then just slowly.
48:00
As more sophisticated energy buyers enter that market peel
48:03
off the miners and redeploy them to some other operation where
48:07
they'll be useful or because of the modularity of this new
48:11
generation of reactors is going to work.
48:14
You can just add a new reactor module and then just fill in the
48:17
space again. There's infinite ways that this
48:19
can be configured because the the small modular reactors come
48:23
In a number of different sizes. Like the one that we intend to
48:27
build and demonstrate a Canadian nuclear, Laboratories is going
48:30
to be just a five megawatt unit. And its purpose is to displace
48:33
diesel generation in remote communities.
48:35
And then there's a 300 megawatt unit that's being built at the
48:40
Darlington site in Ontario and it's more going to be just a
48:44
small modular setup for four grid operations in smaller
48:49
communities. That don't need like a giant
48:51
gigawatt Level facility, like when it'll be Like smaller
48:54
countries, like, say Estonia would be a good application for
48:58
a small motor, small reactor like that.
48:59
And then there's dozens of other ones that are in between like
49:04
there's like an 80 megawatt one. There's one that's 121 that's
49:07
200. So then you can set them up in
49:09
modules. So if you want a community with
49:12
say, 30 megawatts, you you build six modules of the five megawatt
49:16
unit but then once you get up to a certain point, maybe it would
49:18
be better to drop in an 80 80 megawatt unit.
49:23
And then go from there and I'm just iterate with the different
49:27
sizes and find out which one's work best for various scenarios
49:31
and I'm trying to work with a team that's at the CL.
49:35
That's developing hybrid Energy System models to incorporate
49:39
just a hash price variable into that those models so that we can
49:42
see what Different. Yeah, but different scenarios.
49:47
We can play out where Bitcoin mining can fit into these
49:50
deployment scenarios is theirs. II.
49:55
Don't even know what's going to happen.
49:56
I'm just trying to set the stage for it to happen and then let
50:00
the builders take it from there is there's so many creative
50:04
people out there and this will this will unlock a lot of a lot
50:09
of human capital from a lot of places where they're just where
50:14
poverty is very abundant. And most people are just trying
50:17
to trying to survive from day to day and they don't have time to
50:20
think about the future, but by deploying reliable, Electricity
50:24
to remote communities that are stricken with poverty.
50:28
It it unlocks them to be able to find meaning in their lives
50:31
beyond just surviving. So it's going to there's just
50:35
many, many levels to how it's going to benefit, like all
50:38
levels of society from just the countries that start building
50:42
these reactors to the ones that are like they get deployed to
50:45
because the cool thing about them is that they're going to be
50:47
built in a factory and instead of the way that conventional
50:51
reactors are built like that are built from the ground up.
50:54
On-site. These ones will be built similar
50:57
to aircraft and ships in a central facility and then
51:00
they'll, they're designed in such a way that the major
51:03
components can be shipped using standard shipping containers and
51:09
some will need multiple containers and then assembled on
51:11
site, whereas the other ones, like the very, very small ones,
51:15
the reactor will be shipped almost completely assembled and
51:18
it will be able to be operational within like six
51:21
months to under a year from being sent to site and
51:25
generating electricity. So there's Yeah, we're going to
51:29
do some crazy stuff with these small modular reactors, and it's
51:32
going to get very exciting, very, very quickly, but we still
51:35
have a good four or five years to go before we start seeing any
51:39
of them demonstrated, and my hope is that, by having this
51:42
extra variable of Bitcoin mining, that, that may give more
51:46
reactors the potential to get to that first of first-of-a-kind
51:50
stage where they can actually demonstrate their capabilities.
51:53
Whether it's for, for like, having thermal storage or using
52:00
Recycled fuel from other reactors.
52:02
There's there's all kinds of cool peripheral technologies
52:05
that are being tested alongside these reactors as well.
52:07
And I believe that Bitcoin mining just gives an extra tool
52:11
in their kit. That will amplify everything
52:14
else that we're expecting them to be capable of doing.
52:18
I just, I'm very bullish on nuclear power.
52:20
And I want I want to see humanity and Brace, it better
52:25
and it's going very well. Lots of good.
52:28
The nuclear adversity nuclear adversity going on from the
52:32
younger generation these days. So that's also very, very
52:35
exciting. I'm so excited.
52:38
I said it. When I heard the news, the
52:41
Pennsylvania news, I got so bullish because I'm like, yeah,
52:45
I can't wait till everyone has nuclear-powered.
52:48
Mining going on and it's I'm just excited for what you said.
52:51
But before I go into the meme of you guys, I saw this this
52:55
sentence of yours bro, on the blue collar, Our Bitcoin podcast
52:59
Twitter and I just thought it's just like beautifully stated.
53:02
So I just wanted to cover. These are your words not mine
53:05
but it's Bitcoin is a commodity energy-based money that allows
53:09
any Global user. The opportunity to translate
53:12
electrical electrical work into a digitally transferable asset.
53:17
I just love this for a like you you're just killing it.
53:19
So kudos to you, is there any last thing that you want to you
53:24
want to add on to the nuclear that that we haven't touched on?
53:30
Well, there's one crazy idea that I like to explore every
53:32
once in a while and it's related more to nuclear weapons.
53:35
And just the incentive we have. If nuke if Bitcoin mining can
53:39
drive the incentive for nuclear more nuclear power, I believe
53:44
that it could be strong enough someday that it leads to
53:48
massive. Deep Roadie proliferation of
53:51
nuclear weapons stockpiles to generate more hash rate and well
53:56
essentially play out, Jason Lowry He's thesis and that
53:59
countries are going to be competing at this at a high
54:03
level, and it's going to get crazy competitive.
54:06
Now, I'm, I'm I'm for it. I want to, I want to provoke a
54:09
hash war and get this show on the road.
54:12
Yeah. Okay.
54:14
Alright that's a whole nother. Have it all.
54:16
Oh man. Okay, awesome.
54:18
I well let's get into the memes. The daily meme review brought to
54:25
you by Kaboom racks. I get this question all the
54:28
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54:51
All right guys. You already know this to me and
54:53
review where we cover your memes.
54:55
We give them the scores because as I tell you guys every single
54:59
day, we are in an information War.
55:01
There's a lot of fud busting, we have to do.
55:03
So part of that flood busting comes with busting balls, and
55:07
ridiculing them in memes, putting truth in art and
55:10
spreading that signal out there. As we say, every single day,
55:13
tweak to the bullets, memes are the artillery.
55:15
And as you can tell, we are winning the me more boys and
55:18
girls. So drop your memory.
55:20
Score in the chat and I will cover it after the memes.
55:23
This first one is by sailor, shouts out to say there are
55:26
actually I think he quotes sapiens in this one.
55:29
So this might be Bitcoin sapiens artwork.
55:31
But sailor is repurposing it and I really like the, what he put
55:36
on the Tweet the monsters, want your Bitcoin and you can see
55:40
this Dragon. I'm guessing, I don't know
55:42
cracking. I don't know what it is, but
55:44
it's a monster and they want your Bitcoin.
55:46
So what are you going to do? You're going to take your
55:48
Bitcoin into Ooh, self custody into Cold Storage, under a
55:52
wallet that you control the private keys.
55:54
This is the way boys and girls because do not give them your
55:57
Bitcoin. As we are seeing, we're seeing
55:59
grumblings all around the world that the bank's productive
56:02
class, they want your Bitcoin, so don't give him your Bitcoin.
56:05
This next one, actually, I'm Nicola pick on.
56:08
You might find this one's funny again.
56:10
First and foremost, we do not endorse you guys breaking the
56:13
laws here, but there was a story that came out about a man in
56:18
Massachusetts that Took some energy from a public school to
56:22
mine Bitcoin. And we're not, We're Not Gonna
56:25
comment on the story, but I thought Rave, elevators meme was
56:28
actually hilarious. So, hey, Nika is not here.
56:31
He's gonna get mad at me. Whatever.
56:33
Anyway, someone stole electricity from a public school
56:35
to mine Bitcoin, and it's the classic guy pointing in the
56:37
mirror. And he goes, you're not mining
56:39
Bitcoin at a loss. You're a genius for figuring out
56:41
something public schools. Good.
56:45
Oh man, right now. Elevators, amazing, amazing.
56:48
Okay, this next one is By our friend at our D underscore BTC
56:52
and he goes cooking the books since 1913 hashtag CPI hashtag
56:57
inflation, hashtag Central bank's, hashtag Bitcoin.
57:00
And we got a central Banker Central Banker.
57:02
I'll be here, making a stew of CPI lies because you guys all
57:07
know. I think we've debunked this so
57:08
many times on this show. CPI is literally a metric to
57:12
manipulate how the normies, think about inflation.
57:15
Okay. This next, one, shouts out to
57:16
count Bitcoin on Twitter and he goes That's the neat part.
57:21
And so we got a screen shot of Jack over here and it's a
57:24
screenshot of Brian Armstrong introducing or launching his me.
57:29
Ther IAM layer 2 protocol for quote, unquote, scalability and
57:34
usability and then Jack's comment goes.
57:37
How does this bring people economic freedom?
57:39
And I forget what show this is, but that's the neat part.
57:43
It does it. It only lines their bags, huddle
57:46
Bitcoin guys. It's very simple anyways, this
57:48
next one is by, Our friend Bitcoin meme Hub and he goes
57:52
quote-unquote, Bitcoin is losing.
57:53
Nah, and we got a play on 300 the movie, we got Jerome Powell,
58:01
and we got to guess this Carson. I forget what this guy is, but
58:03
he's very famous for holding that sheet of paper with his
58:05
wives, and instead of 300, it's 21 million.
58:09
And all you plebs out there, holding the line, stacking
58:13
Bitcoin ridiculing, their ridiculous Fudd and spreading
58:18
the Bitcoin signal. And this next One.
58:20
Again, I think this might be like a play on a guess this
58:23
Carson, but anyways, Alastair Milne.
58:27
A probably butchered your name, bro, on Twitter and he goes run
58:31
Banker run. And we got a very fat cat Banker
58:34
over here, getting chased down by the Bitcoin train.
58:37
And as we've been showing all today, they can't run away from
58:40
Bitcoin. Bitcoin is coming for their
58:42
lunch, boys, and girls. And this next one you'll, you
58:45
know, me I hate using the word we but the truth is the truth
58:49
here. And shout out to the Bitcoin
58:50
company at the BT. Seco on Twitter and ago, we are
58:53
all Bitcoin and all you guys out there stacking Bitcoin.
58:56
The individual is Bitcoin. And as you take your Bitcoin
59:00
into self custody, as we spread the Bitcoin signal around and
59:03
get more people on the Bitcoin standard, we take back our
59:06
lives. We take back our livelihood, we
59:08
take back our time because the powers that be have stolen it
59:11
from far too long, and now we have the solution and that is
59:15
Bitcoin. Anyways, guys drop you mean
59:18
review score in the chat? At and I will cover it.
59:20
Live my-my mean. Review score today is this dirty
59:26
Fork? That is on my team.
59:28
My desk from my dinner last night.
59:30
Okay. All right.
59:31
Nigger Bitcoin. What's the score today?
59:33
I'll give those a uranium fuel Rod.
59:39
Okay, all right. Okay, oops, wrong one.
59:42
All right guys, you already know why you drop your mean review
59:46
score in the chat? Check out represent LTD.com with
59:51
the promo code simply Dash Bitcoin, all caps.
59:54
We rock the merch. Every single day.
59:56
I'm rocking the dad had. I'd literally it's getting
59:57
dirty. I should probably wash it
59:59
because I will, I wear it way too much.
1:00:01
It's comfy. It's cool does spread the
1:00:05
Bitcoin signal by just rocking a comfy, comfy hoodie.
1:00:09
Anyways, let's get to some of these scores.
1:00:11
I saw we had a, we had one up here.
1:00:12
So let me let me get into this. Someone said it was a premature
1:00:17
one. Hold.
1:00:18
On hold on. Where to go, where to go?
1:00:20
I don't know. We're going to start with this
1:00:21
one. First, the Bitcoin Drug Company.
1:00:24
Hey bro. I know you got mad at me
1:00:26
yesterday, but literally I didn't see your score.
1:00:28
It wasn't even in the chat but hey, that's neither here.
1:00:31
Nor there, the Bitcoin drug companies, he's gonna score, SB
1:00:36
family discount, 21 percent yield.
1:00:38
When you stake your Bitcoin, with the Bitcoin rug company, do
1:00:42
not, not take your big con with the Bitcoin Drug Company.
1:00:46
Okay, this next one by Elaine low and she goes I give those
1:00:49
mean. Peace on Earth, brought to you
1:00:51
by Bitcoin. Let's go.
1:00:53
Okay, this next score there in Lucy Luce, meme, score a sub
1:00:59
with soggy bread. Yikes.
1:01:01
Okay, delicious. All right, Jase Emina, I gave
1:01:04
those memes, a Snickers bar. I do love Snickers.
1:01:07
I don't tell everyone, I'm gonna get tomatoes.
1:01:09
Thrown at me. This next one, taking care of
1:01:11
Bitcoin. I give those memes, two dudes.
1:01:14
One room Chrissy is not going to like this.
1:01:19
Miguel racking us. Okay, this next one Bitcoin for
1:01:22
Canadian. I give those memes, megawatts of
1:01:25
houghtaling energy for a few years.
1:01:27
Let's go Bitcoin. Becca next score.
1:01:30
I give these memes. 69 zaps, alright, perfect, perfect.
1:01:35
Okay. Next score I'm looking for the
1:01:37
buzzer as we speak. Okay.
1:01:40
Phil see I give these memes a flashback to 100 dollar Bitcoin
1:01:44
and 199 dollar for a dozen eggs. Yes.
1:01:49
What a what a But a simpler time.
1:01:52
All right. This next one es review.
1:01:53
Score. Laser eyes powered by nuclear
1:01:55
power LEDs go. All right.
1:01:59
I think two more we're gonna go to more after Jedi, 15 or 16
1:02:03
radioisotopes. Let's go.
1:02:06
All right, I don't know how to say your name, forgive me.
1:02:10
I give these memes, a thorium reactor.
1:02:13
And then the last one bottle coin, I give those memes and SMR
1:02:18
let's go. All right, boys and girls.
1:02:22
It is Friday. So let me pull up the value for
1:02:27
Value score over here. So if you like the show, we have
1:02:31
the audio only show on anchor. We are on Spotify, we're on
1:02:36
Apple. And of course, we are a part of
1:02:38
the valley for Valley economy on Fallon.
1:02:40
So we got a few comments over here, we have user. 813 4598
1:02:46
92106 do to your L streaming us from sat on 682 bro, appreciate
1:02:53
it. Really appreciate it.
1:02:55
This next one. Bye Clark.
1:02:56
Ian streaming us some sets on episode 681 Bitcoin is losing
1:03:01
against VI. Shouts out to a gift Carson,
1:03:03
he's wrecked. All right, this next one, shouts
1:03:06
out to rag three underscore AF o on the TTL with tarantula.
1:03:10
Let's go bro, he streamed us some sads, really appreciate it.
1:03:13
And then the last one for today is by at hello there on episode
1:03:18
682 US government to shut down stable coins, not Bitcoin.
1:03:21
So, Guys, appreciate everyone sending assets.
1:03:24
Of course, I didn't cover every single string set that you guys
1:03:27
sent us. But just know that I see them
1:03:30
all. And I'm just picking the the
1:03:32
different various names are so that I can make this segment
1:03:36
shorter than it will be. Okay before we go though, shout
1:03:41
out to our guest today, nuclear Bitcoin bro.
1:03:43
What are you working on? Where do you want people to find
1:03:46
you on the internet? What do you what do you have in
1:03:50
the works for people out there? Yeah, you can find me on Twitter
1:03:54
and Noster nuclear Bitcoin. ER, what?
1:03:58
I'm working on mostly just trying to gain more traction
1:04:01
within the industry, getting senior Executives on board with
1:04:05
the idea. Getting the research scientists
1:04:07
on board with the idea. Just shoving as much information
1:04:11
as I can, in front of them. Like whenever Sean Connell from
1:04:15
Lance, IAM puts out a report for the demand response that they're
1:04:18
doing down in Texas or I see data coming out.
1:04:22
From the Pennsylvania facility. Like I'm just everything like
1:04:26
agreed. This stuff like was passing
1:04:29
around yesterday the I think CTO, Matt schulze from clean
1:04:34
spark was on was on the Block where intelligence podcast.
1:04:38
So I've been passing out around just like is that like they're
1:04:41
there the ideal they're one of the ideal Bitcoin miners.
1:04:44
I don't want to say that there aren't any others out there but
1:04:47
like clean spark is one of the like top-notch ones that seem to
1:04:50
know very have A good strategy is how to play this game and I
1:04:54
would like to see more of them and and bring in some of these
1:04:57
good minors to speak with some of these people within the
1:05:00
nuclear industry and start putting putting heads together
1:05:03
and see where we can go. That's my game plan at the
1:05:05
moment. God.
1:05:06
But let's go. Yeah, got about four reactors
1:05:09
for years before we start to building these demonstration
1:05:12
reactors. So the groundwork is getting
1:05:14
laid awesome bro. Wow next time you have some news
1:05:17
bro. Will bring you back on.
1:05:18
We appreciate your time bro. If you have a moment I No, I
1:05:22
know you're a Fiat mining right now, but we are running the
1:05:25
spaces live. So if you can pop in, maybe
1:05:27
people have more questions. If not really appreciate it,
1:05:30
dog. And let us know when you got
1:05:32
some more news and we'll bring you back on, maybe we can have a
1:05:35
long-form conversation on that. I'm going to put you behind the
1:05:37
scenes but I don't you have any. Well alright guys, really
1:05:42
appreciate everyone that supported us that's in the chat.
1:05:45
That is liking that is sharing continue to spread the Bitcoin
1:05:48
signal continue to Like subscribe, share all the
1:05:54
content, not only ours show but all the Bitcoin content out
1:05:57
there and of course we are live right now on Twitter spaces.
1:06:01
So come join us on Twitter space if you want to continue the
1:06:04
conversation and we will see you on Monday guys.
1:06:08
Have a great weekend. We really appreciate all the
1:06:10
support until next time. Peace out.
1:06:13
This is simply Bitcoin.