Latest / Simply Bitcoin / Peter Thiel Claims Bitcoin Is CAPTURED By Blackrock | EP 1021

Transcript

Peter Thiel Claims Bitcoin Is CAPTURED By Blackrock | EP 1021 · Simply Bitcoin

• 0:02
  It's all going to zero against Bitcoin.
• 0:06
  It's going on forever. You're against Bitcoin.
• 0:16
  You're against freedom. Yo, good morning everybody.
• 0:24
  Welcome to Simply Bitcoin. It is July 1st.
• 0:28
  We made it through the first half of the year, guys, you
• 0:30
  know, might have been a a rough, rough six months of the first
• 0:35
  part of the year if you were overly bullish like everyone
• 0:37
  else. But I think I think we're seeing
• 0:40
  that the the end of the year is going to turn around.
• 0:45
  And we even saw like over the weekend, over last night, you
• 0:49
  know, the Bitcoin price reacted pretty well to it.
• 0:52
  I even saw for, you know, everyone in the chat, the come
• 0:55
  join my trade group. I saw the, the MACD is
• 0:58
  reversing. So all of this is telling me and
• 1:01
  we've been saying here for a while that most likely towards
• 1:03
  the end of the year we're going to get a a good price reaction.
• 1:07
  But hey, if you're here, you're already a bitcoiner, you already
• 1:10
  know the only number that counts is the SAT under your control.
• 1:13
  So it might be a little bit of a, you know, crab market through
• 1:16
  the summertime, but I'm sure it's going to end up on a solid,
• 1:21
  solid rest of the year. And even if you're looking at it
• 1:23
  on the yearly chart, you know, I don't know if you guys remember,
• 1:26
  but the Bitcoin price at the beginning of the year was
• 1:28
  $40,000 or 42K. And now we're at 6263 K and
• 1:32
  everyone's like, oh, it's so over.
• 1:34
  You know, Bitcoin price is done. There's not going to be any
• 1:36
  gains in the Bitcoin market. What am I doing here?
• 1:39
  I'm tuning out. I'm selling it all and you guys
• 1:41
  know what we say. The only thing that matters is
• 1:44
  time in the market, not timing the market.
• 1:46
  And on that note, as you can tell from today's headline, we
• 1:50
  got a great clip coming out of Peter Thiel.
• 1:53
  He had an interview with Andrew Sorkin.
• 1:55
  It was like at the Aspen something event and he said some
• 1:59
  interesting things. First and foremost, the main
• 2:01
  thing that most people were talking about on this clip was
• 2:05
  that Peter Thiel is no longer bullish on Bitcoin, allegedly no
• 2:08
  longer bullish on Bitcoin. He doesn't think there's going
• 2:11
  to be incredible gains in Bitcoin.
• 2:13
  And of course, here it's simply Bitcoin.
• 2:14
  We would we would counter that. Obviously we believe that
• 2:17
  there's still incredible upside to Bitcoin.
• 2:20
  I don't know if you guys go out and talk to the normie world,
• 2:22
  but very few people out there are savage Bitcoiners,
• 2:26
  intelligent people out there. I would say that understand the
• 2:29
  how the world works and if they get to that point, then they're
• 2:32
  obviously Bitcoiners and I still talk to people and they have no
• 2:36
  idea what Bitcoin is. So we'll go into that portion of
• 2:40
  the Peter Thiel story. But I think the biggest part
• 2:43
  about this video coming out is his idea that Bitcoin may be
• 2:48
  captured. He's concerned and he even kind
• 2:51
  of opens it up a little bit. He's concerned whether now that
• 2:56
  we have the Bitcoin ETFs, not only will we potentially get
• 2:59
  some good upside on it, but he's also a little concerned that
• 3:04
  maybe the cypherpunk eat us of Bitcoin.
• 3:06
  Maybe we've lost our way. Maybe Bitcoin is captured.
• 3:08
  So as we're going to talk about today, and you can tell from the
• 3:11
  highlight or the headline, sorry, we're going to, we're
• 3:15
  going to talk about the idea of did Larry Fink capture Bitcoin
• 3:19
  or is he just following his incentive?
• 3:21
  Like we stay here all the time, follow the incentives and the
• 3:24
  incentives of Bitcoin are pure. Hence why we tell you guys every
• 3:28
  single day you need to be running a node, you need to be
• 3:30
  taking your Bitcoin into custody.
• 3:32
  Because just it just because someone has a lot of money, just
• 3:35
  because billionaires are getting into Bitcoin now doesn't mean
• 3:38
  they have more control of the Bitcoin network, which is, you
• 3:41
  know, diametrically opposed to what you see in the is it yes,
• 3:46
  in the shit coin land, completely opposite of what you
• 3:49
  see in the Fiat, which is the biggest shit coin land possible.
• 3:53
  So we're going to dive into that on today's show, but I'm going
• 3:57
  to tee you guys up before we get into the news portion of the
• 3:59
  show, which is of course, the Peter Thiel headline.
• 4:02
  I found a great clip of American Hodel and and you guys know I
• 4:04
  have a soft spot for Hodel. He was like my Big Brother when
• 4:07
  I got into Bitcoin. He was yelling at us on Twitter
• 4:09
  about stacking and I got a good clip coming out from what's it
• 4:14
  the tic coin, you know, the Bitcoin podcast by Walker
• 4:17
  America. And I think it's a great
• 4:20
  culmination of what US Bitcoiners believe, why we're
• 4:23
  here at on every single day at simply Bitcoin, why you guys
• 4:25
  show up in the chat, why there's such a a huge fervor around
• 4:29
  Bitcoin is because we truly believe Bitcoin is going to
• 4:32
  change the world. And it literally is the meme.
• 4:36
  Fix the money, fix the world. This is a peaceful revolution
• 4:39
  after all, and all you have to do is saving Bitcoin.
• 4:42
  Opt out of the Fiat madness. Take your labor, your time, your
• 4:46
  wealth outside of the Fiat madness.
• 4:48
  Saving Bitcoin, take it into custody.
• 4:51
  Go get more skills, make sure you're having more cash flow,
• 4:54
  and life gets better once you start working from Bitcoin
• 4:58
  fundamentals. So this is what today's show is
• 5:00
  going to be covering, and I'm not alone.
• 5:02
  As you can tell, it's your boy Opti.
• 5:04
  This is simply Bitcoin, the number one daily Bitcoin
• 5:07
  podcast. Well, it's a daily live show.
• 5:09
  Technically it's a podcast. We're on Rumble, YouTube,
• 5:12
  Twitter, we're on all the socials, you know, TikTok,
• 5:15
  Instagram. I know, I know, I know.
• 5:16
  But we're trying to get our message out to everyone out
• 5:19
  there. The whole world needs to know
• 5:20
  that there's a solution to the problem and it is simply
• 5:24
  Bitcoin. So Nico's in, I believe it's
• 5:26
  Calgary. He's at the Bitcoin Rodeo right
• 5:28
  now so he'll be gone till Wednesday.
• 5:31
  I'll be holding down the show with different Co hosts
• 5:33
  throughout the week, but you'll still get the same Simply
• 5:36
  Bitcoin show. You're stuck with Opti all week.
• 5:38
  So hey, buckle up. You know it's going to be a fun
• 5:41
  time, but I'm not alone and the last time I brought my Co host
• 5:45
  on the show, you guys absolutely loved him.
• 5:48
  At the time, this was the Simply Bitcoin Twitter intern, but he
• 5:52
  is no longer the intern. He is one of our superstars on
• 5:57
  the Twitter team. So if you follow the Simply
• 5:59
  Bitcoin TV account on Twitter, Bryson is one of the main person
• 6:05
  behind the account that is giving you guys all the news.
• 6:07
  He is a zoomer. He's incredible.
• 6:10
  He's, you know, a lot smarter than he looks.
• 6:13
  But shout out to Bryson. I love Bryson.
• 6:15
  Thanks for coming on, brother. It's going to be a great show.
• 6:17
  How you doing today? Pretty good, thanks for having
• 6:19
  me back on. There is no second best Bitcoin
• 6:22
  live show. Let's go, let's go.
• 6:24
  All right, Well, guys, I will probably have to reel Bryson
• 6:29
  back a little bit. He's still learning the the
• 6:32
  media game here, but he comes in with the sauce every single time
• 6:36
  he's on the show. I think this is your third
• 6:38
  appearance, so I'm super hyped for this one.
• 6:40
  We're gonna give Bryson platform so he can he can rant and show
• 6:44
  you. He's not just a pretty face out
• 6:45
  here and he's not just a Twitter, you know, he's not just
• 6:48
  our Twitter Zoomer out here. He's not just our Zoomer with
• 6:50
  the algos. He's actually incredibly smart.
• 6:53
  So I'm excited for today's show. And of course, it's not just a
• 6:56
  simply Bitcoin crew. Today we do have a guest and I'm
• 6:59
  really excited for this one. We were, we were cracking up
• 7:01
  behind the scenes. Shouts out to Jay Finney, AKA
• 7:05
  the World Mechanic on Twitter. I guess.
• 7:08
  I guess I would say that the powerhouse behind the check
• 7:12
  engine light meme on Twitter. Also an author and we're going
• 7:16
  to be talking about that mainly today on today's show
• 7:19
  downloading Divinity, which I think you guys are going to
• 7:21
  really enjoy. It's going to be a great
• 7:23
  conversation but on that note, Jay, how you doing today bro?
• 7:26
  Actually, actually let me full screen you so you know, we can
• 7:29
  talk about what you're wearing and and maybe give the people
• 7:33
  why Bitcoin isn't a. Coal all right, so I appreciate
• 7:37
  you Opti for that. I love simply Bitcoin.
• 7:39
  By the way, I decided to break out my my little robes today.
• 7:43
  You know, I think there's a real stigma in Bitcoin that oh, we're
• 7:46
  all just a bunch of cultists or whatever.
• 7:48
  It's not a cult. It's a holy covenant of check
• 7:52
  engine light disrespectors who are flipping the tables of the
• 7:55
  money changers. So.
• 7:56
  I love it. I love it bad.
• 8:03
  All right, that's great. OK, this is going to be a great
• 8:05
  show. I'm already having fun.
• 8:07
  It's going to be a good one. On that note, guys, you already
• 8:09
  know the deal. We have to make sure that we
• 8:12
  keep the lights on here at Simply Bitcoin.
• 8:15
  So you already know the deal. Make sure.
• 8:19
  Gang already in the comments. Yeah, the I forgot to tell you,
• 8:22
  you know the the chat salvage, but you already know the deal
• 8:24
  anyway. You guys are getting paid?
• 8:28
  Yes, we do and we get paid because of Bitcoin.
• 8:32
  Well, make sure you go to bitcoinwell.com/simply BTC, sign
• 8:38
  up to Bitcoin Well buy real Bitcoin.
• 8:41
  They're on a mission to enable your independence with the
• 8:44
  latest and safest way to buy Bitcoin in Canada and the US.
• 8:47
  They just rolled out in the US right when we started with them.
• 8:50
  And guys, if you're in Canada, you should be using Bitcoin
• 8:53
  Wells by far the best platform in Canada and we're working on
• 8:57
  making it the best self custody by default platform period on
• 9:02
  all of we'll, we'll go with North America for now because we
• 9:05
  haven't expanded yet to the world, but you ought to know the
• 9:08
  deal. We love the boys over at the
• 9:10
  Bitcoin well. Adam's the GOAT, the CEO.
• 9:13
  You guys see Adam all the time on our shorts.
• 9:16
  He's dropping that hot sauce. Go to Bitcoin Well, 1% spread,
• 9:19
  which is the industry standard. Standard is Bitcoin only.
• 9:22
  It's non custodial by default. You literally need to have a
• 9:25
  Bitcoin wallet to sign up to Bitcoin Well, because that's the
• 9:30
  only thing that matters, guys. We need to ensure that people
• 9:33
  are taking Bitcoin into custody and do that by going to
• 9:36
  bitcoinwell.com/simply BTC. And once you're in the Bitcoin
• 9:41
  Well dashboard, you already know the deal.
• 9:43
  You get your rewards. So every time you buy Bitcoin,
• 9:46
  you get some wishing well points.
• 9:48
  So I'm here on the dashboard. This is what you'll see when you
• 9:50
  sign in. Go in here to Bitcoin Well
• 9:52
  rewards, go into my rewards and you will click the redeem.
• 9:57
  And we're going to spin it up right now.
• 9:58
  So hopefully we don't get the million stats right now, guys
• 10:02
  'cause I don't have my phone on me, but if we do, I'm going to
• 10:04
  get rug pulled. You click the click and redeem
• 10:07
  500 points. And you know, I got a cool
• 10:10
  little quote here transporting you back to 1994 when The Lion
• 10:13
  King became an animated classic. Click the redeem and the QR code
• 10:17
  comes up and you get some lightning sats here.
• 10:20
  So what do we got here? What do we got here?
• 10:22
  Oh, it's not working. And there we go 500 sats.
• 10:24
  So scan it right now. Giving you sats today.
• 10:28
  First come, first serve. I'll leave this up for a moment,
• 10:30
  but shout out to the boys over at Bitcoin.
• 10:32
  Well, they are on the mission to enable independence and become
• 10:36
  the best self custody by default platform period.
• 10:39
  This is the way guys, this is the way.
• 10:41
  All right, on that note, let's get on today's show.
• 10:43
  We got a lot to talk about with you Bitcoin numbers.
• 10:50
  Is your Bitcoin and cold storage really secure?
• 10:53
  Is your seed phrase really secure?
• 10:55
  Stamp seeds Do It Yourself Kit has everything you need to
• 10:59
  hammer your seed words into commercial grade titanium plates
• 11:04
  instead of just writing them on paper.
• 11:06
  Don't store your generational wealth on paper.
• 11:09
  Papers prone to water damage, fire damage.
• 11:12
  You want to put your generational wealth on one of
• 11:14
  the strongest metals on planet earth.
• 11:17
  Titanium. Your words are actually stamped
• 11:19
  into this metal plate with this hammer and these letter stamps.
• 11:23
  And once your words are in, they aren't going anywhere.
• 11:25
  No risk of the plate breaking apart and pieces falling
• 11:29
  everywhere. Titanium stamp seeds will
• 11:31
  survive nearly triple the heat produced by a house fire.
• 11:34
  They're also crush proof, waterproof, non corrosive, and
• 11:37
  time proof. All things that paper is not,
• 11:40
  allowing you to huddle your Bitcoin with Peace of Mind for
• 11:43
  the long haul. Stamp your seed on stamp seed.
• 11:47
  Let's go. You already know the deal, boys
• 11:49
  and girls. Make sure you scan the QR code.
• 11:51
  We made it easier for you. What's Nick always say do not
• 11:53
  leave your seed phrase on a piece of paper in your sock
• 11:57
  drawer. And have your grandchildren
• 11:59
  wonder. Hey, grandpapa, why are we
• 12:02
  broke? It's because I ruined my seed
• 12:04
  and I lost all of your generational wealth.
• 12:06
  Do not get stuck in that position.
• 12:09
  Stamp your proceed into titanium.
• 12:11
  All right, guys, let's get on to the show.
• 12:13
  Of course I'm over here on Clark Moody dashboard,
• 12:16
  bitcoin.clarkmoody.com dashboard and checks out the BTC believer
• 12:21
  getting them free. Sats love to see it.
• 12:22
  Love to see it. All right, guys, let's get into
• 12:24
  the numbers. I got a new computer, guys, so
• 12:26
  my numbers are a little out of order.
• 12:28
  I think they're a little closer to what Nicos usually are.
• 12:30
  But of course the Bitcoin price, everyone is rejoicing right now.
• 12:34
  We're no longer in the gulags. I was hearing some calls for 40K
• 12:38
  Bitcoin, you know, barely kissed 58 K and everyone, you know,
• 12:41
  everyone, everything goes as shit.
• 12:43
  Everyone's like Oh my God, it's over.
• 12:45
  Well, the price has rebounded heading into the last two
• 12:48
  quarters of the year. The first six months we kind of
• 12:50
  crab marketed and I think by the end of the year we're, I think
• 12:54
  we're going to get out of the crab market anyways.
• 12:56
  The Bitcoin price currently is 63,140, which means the stats
• 13:00
  per dollar, AKA how much a single dollar is worth in
• 13:03
  Bitcoin, AKA how much Bitcoin you can buy for a single dollar
• 13:06
  is currently at 1584. The current block height,
• 13:10
  literally probably the most important number in Bitcoin
• 13:13
  right now is the fact that TikTok next block Bitcoin works
• 13:15
  exactly as designed. Blocks keep coming in and we're
• 13:18
  at block height of 850,258. And with this number that blows
• 13:25
  people's mind once they really understand the total percentage
• 13:28
  of Bitcoin that will ever be issued.
• 13:29
  I repeat, the total percentage of Bitcoin that will ever be
• 13:32
  issued is currently at 93.9%. The realized monetary inflation,
• 13:37
  taking Fiat currencies to schools at 1.55%.
• 13:40
  Literally the strongest money in the world, the hardest money in
• 13:44
  the world. Nothing can even come close to
• 13:45
  this. It's harder than gold.
• 13:47
  It's blowing every Fiat currency out of the world.
• 13:50
  This is why we save in Bitcoin because people cannot debase
• 13:53
  your wealth when it is in Bitcoin.
• 13:55
  These why these numbers are so important once you understand
• 13:58
  the significance of them. The market cap in Fiat terms AKA
• 14:02
  and dollar terms is currently at $1.25 trillion.
• 14:05
  The total public lightning capacity is at 4929.21 BTC.
• 14:11
  And I added some new ones because I, I, for some reason I
• 14:14
  couldn't get some of these numbers in here that I like.
• 14:17
  But hey, it is what it is. I maybe I actually already added
• 14:20
  whatever side point. The days, it's all time high,
• 14:23
  109 days. The decline from all time high
• 14:26
  is -14.4%. And everyone out here that isn't
• 14:30
  an ardent Bitcoin maximalist that doesn't understand what
• 14:33
  Bitcoin is, is like, it's so over boys.
• 14:35
  Like wrap it up, game over. You know, it's going to 0 again
• 14:38
  and it's only down 14%. You know, it's been a long bear
• 14:42
  market, you know, like, I know it's been a long, what, like two
• 14:45
  years now. But the day since all time high,
• 14:47
  only 109 days. That's like what I don't know, a
• 14:51
  little like four months ish, maybe a little less than four
• 14:53
  months. And I added this one.
• 14:55
  Of course, if you know how Bitcoin works, or rather excuse
• 14:59
  me, if you know how Clark Moody's dashboard works, he's
• 15:02
  plugged into a specific men pool that that reads and gives you
• 15:05
  this information. But the fee, the median fee
• 15:09
  right now is at 11 SAT's. So hey, if you are stacking on
• 15:13
  Bitcoin, well, if you are stacking on any other Bitcoin
• 15:18
  exchange, maybe right now is a good time to think about
• 15:21
  consolidating some UTXOS. All you really need to do is if
• 15:24
  you're stacking small amounts of Bitcoin, make sure you send, you
• 15:29
  know, some of your stats to a bigger UTXO because you do not
• 15:32
  want to get stuck in a position when the fees raise again that
• 15:35
  your UTXOS are unspendable. And I'll do a culture on this
• 15:38
  soon so that you guys can get up to date because I know new
• 15:40
  people are coming to the fray and they're not all, you know,
• 15:44
  technical Wizards about Bitcoin. And we got to get you guys up to
• 15:48
  date. Make sure you guys are in the
• 15:49
  best position to not get wrecked in the future, and that's the
• 15:53
  whole goal of simply Bitcoin is we all made the mistakes.
• 15:56
  So we come on here and we spread our wisdom so that you don't
• 15:59
  also have to make the mistakes. But right now might be a good
• 16:02
  time to consolidate some UTXOS. Just a thought.
• 16:04
  Just a thought anyways, let's get to the numbers.
• 16:07
  So I got a good clip here. Like I said before, I absolutely
• 16:11
  love American Huddle. He's got a way of speaking to
• 16:14
  me, my demographic. You know, he's like my Big
• 16:16
  Brother in the 2018 bear market. When I came into Bitcoin, he was
• 16:20
  out there yelling at us, telling us to sell our cars, you know,
• 16:24
  drive a moped and stack as many sats as possible.
• 16:27
  And like I was telling, you know, Jay and Bryson before the
• 16:30
  show, I literally did sell my car and stack more sats.
• 16:33
  This is the way. Got to make some sacrifices.
• 16:36
  You got to make some sacrifices to get them sats anyways.
• 16:39
  This is a great clip because I think it Tees up the news with
• 16:43
  Peter Thiel. We're getting the information
• 16:46
  from you know, aggressive Bitcoiner a a bottom up approach
• 16:50
  with American huddle, someone that just put in the hours put
• 16:52
  in the time has been in the market for a long time, still
• 16:55
  out here optimistic positive about Bitcoin.
• 16:58
  And then you'll have the you know, the billionaire classes
• 17:01
  view on Bitcoin. So again, shout out to Bryson
• 17:04
  and the Simply Bitcoin TV Twitter team for getting this
• 17:06
  clip on our timeline, making sure you guys are up to date,
• 17:09
  informed, having fun, entertained, all that good
• 17:12
  stuff. And I'm just gonna read the
• 17:14
  headline. American Hollow gives an
• 17:15
  optimistic talk on how the American dream isn't dead and
• 17:18
  how Bitcoin gives us hope instead of nihilism.
• 17:21
  So I'm gonna play this clip and I know we're not solely in
• 17:24
  American based audience, but This is why we love Bitcoin so
• 17:29
  much, not just because we're American, but because it gives
• 17:31
  us hope. It gives us opportunity for the
• 17:33
  world. All you need to do is save in
• 17:35
  Bitcoin, huddle that coin for a long time, make sure it's in
• 17:38
  cold storage and your life will improve.
• 17:42
  I've seen it on countless occasions from all of my friends
• 17:45
  to, you know, myself, to Nico, to everyone that's on the show
• 17:49
  today and everyone that's probably in the chat.
• 17:51
  Bitcoin has a way of fundamentally changing your
• 17:54
  perspective on the world and I find it interesting when you get
• 17:58
  someone that's been in Bitcoin for so long, like all of us have
• 18:01
  you, you're always bullish on Bitcoin.
• 18:03
  I, I say it all the time, you know, stay stupidly bullet
• 18:06
  hearted in Bitcoin. And it's not about overselling
• 18:08
  Bitcoin. It's just understanding.
• 18:10
  We have no idea how big of an impact Bitcoin will actually
• 18:13
  have on society. And it's super important for us
• 18:16
  to stay optimistic. I say it all the time.
• 18:18
  Optimism is our superpower in the face of the Fiat nihilism.
• 18:23
  Optimism is how we win because people are looking for a better
• 18:26
  world. And I don't know if you guys are
• 18:27
  on other social media platforms right now, but the normies are
• 18:30
  feeling the pain and we have the solution and it is Bitcoin.
• 18:33
  So enough ranting. This is at 1.25.
• 18:37
  It is at 1.25. So you know, it's not too fast,
• 18:40
  but I want to cut it down a little bit.
• 18:42
  Here's Hodel's take on why you stay optimistic and why you have
• 18:46
  pure hope in regards to Bitcoin. I want America to be
• 18:50
  salvageable, and I think that it is, but I don't know what kind
• 18:53
  of change is required in order to get us off the path that
• 18:56
  we're on now. And is that change, you know,
• 18:58
  does Bitcoin fix this? Is it an incentives problem?
• 19:00
  Is that change? Does it have to start, you know,
• 19:02
  at a local level? Is it possible to make those
• 19:04
  changes from the top down? Are we just fucked?
• 19:07
  Discuss. I I think the two things, one of
• 19:11
  the things that we were talking about earlier was, you know, is
• 19:13
  this coordinated against Bitcoin or is it not?
• 19:15
  Are they trying to shut off the exits?
• 19:16
  Are they trying to, you know, destroy peer-to-peer currency?
• 19:18
  Like all of that stuff, I think is directly correlated to the
• 19:23
  crisis that's happening at the southern border, the LAX, you
• 19:26
  know, policies on crime and in liberal cities and in sanctuary
• 19:28
  cities and in blue states. It, it's the most obvious thing
• 19:30
  in the world to me that like you, if you want to put in a
• 19:33
  totalitarian, you know, dictatorship or authoritarian
• 19:36
  regime or oligopoli, you need to have the people request it.
• 19:39
  And what's the easiest way to get the people to request it is
• 19:41
  to terrorize them into requesting, right?
• 19:43
  I mean, we've seen this play, this playbook plays out over and
• 19:46
  over and over again. And so it's an attempt to
• 19:48
  consolidate power. They want to terrorize us into
• 19:51
  sort of obedience and, you know, pacification and requesting
• 19:54
  safety. Please save us from the problem
• 19:57
  that you created. You know, I mean, to me, like
• 20:00
  all of those things are anti American.
• 20:01
  A lot of the leadership we have in America is anti American.
• 20:04
  A lot of the things that people think and believe in popular
• 20:06
  sentiments are anti American. All that is true, but we're not
• 20:09
  fucked. And here's why we're not fucked
• 20:11
  is because we still have the world's best technologists, best
• 20:14
  and brightest minds. We are still building the
• 20:16
  future, even if the people who. You know, are running the
• 20:19
  country right now are intent on destroying that future.
• 20:21
  We're building it anyway, OK. And we don't give a fuck.
• 20:24
  And so we're building these parallel systems.
• 20:26
  We're trying to enshrine America for another 100 years.
• 20:28
  We need to clean up the corruption.
• 20:29
  I mean, the corruption is rampant.
• 20:30
  Like nobody wants that. Like there's a there's a ETF now
• 20:33
  that's tracking Nancy Pelosi's trades.
• 20:35
  It's outperforming the S&P 500. So you don't even have to track
• 20:38
  Nancy's trades yourself. You can buy this ETF, I think
• 20:40
  it's called NA NC. It tracks Nancy and Paul
• 20:42
  Pelosi's trades and it outperforms the broad market
• 20:45
  index funds. Are you fucking kidding me?
• 20:46
  This is the kleptocracy that we're living and everybody can
• 20:48
  see it. It's so obvious to everybody.
• 20:50
  Everybody knows it. And yet we all just sit there
• 20:52
  and we're in like some sort of malaise where it's just like
• 20:54
  this nihilism is watching over us.
• 20:56
  We're all like, I don't know, man, everything's fucked, man,
• 20:57
  blah, blah, blah, man, whatever, dude.
• 20:59
  And I, I don't feel that way. I feel optimistic because we own
• 21:03
  the future. Owning Bitcoin means we own the
• 21:05
  fucking future, OK? And we have a seat at the table
• 21:08
  and we're going to get to say how things operate.
• 21:10
  And the way I want things to operate is the way the fucking
• 21:12
  US Constitution says they should fucking operate.
• 21:14
  The end. Stars I love huddle OK one thing
• 21:20
  I might actually push up push back on this just to start is
• 21:24
  the idea that that everyone can see the problem while all of us
• 21:28
  bitcoiners people that are aware and understand what's going on.
• 21:31
  I think we all know the problem. We could, you know, talk about
• 21:34
  the problems till we're blue in the face, but I would kind of
• 21:38
  caveat that a little bit that there's still a lot of people
• 21:40
  out there that don't know what the problems are.
• 21:42
  And This is why we have to have these conversation.
• 21:44
  This is why we're on YouTube in general, because if people did
• 21:47
  understand that there was a problem, then the Bitcoin price
• 21:50
  would would have gone nuclear by now.
• 21:52
  And I say it all the time. The Bitcoin price is a real time
• 21:54
  metrics of people's understanding of Bitcoin.
• 21:57
  And I, I, I hate to say, but it does feel like very few people
• 22:01
  really understand what Bitcoin is, or else they would be
• 22:03
  Bitcoin maximalist like us, or else they'd be hanging out on
• 22:06
  simply Bitcoin with us every single day, or at least just
• 22:10
  stacking as much Bitcoin as humanly possible.
• 22:12
  But I still find myself having these conversations with people
• 22:16
  and they just fundamentally don't understand what's going on
• 22:19
  in the world. And actually, I'm gonna bring
• 22:21
  everyone up here. We were talking before the show
• 22:23
  like it really feels. And I had this conversation over
• 22:26
  the weekend with my buddy Joe Rogers from the Physical Bitcoin
• 22:28
  Magazine. It really feels like we are
• 22:31
  almost reliving 2008, just in a totally different kind of
• 22:36
  manifestation of it. Like if you see social media
• 22:39
  right now, you're seeing a lot of the Gen.
• 22:41
  Zers and millennials complaining about inflation, complaining
• 22:44
  about not being able to buy what they're normally buying on
• 22:46
  groceries. We played that one clip last
• 22:48
  week of the guy at Walmart who bought the exact same things he
• 22:51
  bought in 2020 today, and it was a $400.00 versus $100.00.
• 22:56
  So people are feeling the pain and what we said before the
• 22:59
  show, we're seeing that, you know, the housing market is
• 23:02
  struggling. Like who knows?
• 23:05
  I think we've been saying for a while that we're we're already
• 23:07
  kind of in a recession. It's not a public official
• 23:09
  recession, but we're living it. We're reliving 2008 and we're
• 23:13
  kind of in the moment right now of the what's Adam?
• 23:16
  Is it? No, Steve Carell, I think where
• 23:18
  he's like, everyone's walking around like they're in the Enya
• 23:20
  video. They don't understand what the
• 23:21
  problem is. So while I agree with a lot of
• 23:24
  things Todd was saying, I think there's still a a huge need for
• 23:28
  us to educate people out there them that there is a problem.
• 23:31
  But with that caveat being said, I couldn't agree more with what
• 23:34
  American Huddle said, because This is why we do what we do.
• 23:37
  This is why we are all so obsessed and all we can think
• 23:41
  about is Bitcoin is because we see that Bitcoin will allow a
• 23:44
  better world. If you know what the problems
• 23:46
  are, you know that the money's broken, that it's either the
• 23:49
  system is completely broken or it is designed this way to
• 23:53
  basically make us slaves and ensure that we can never move up
• 23:56
  in the latter in life and not succeed.
• 23:59
  Or, you know, maybe, maybe things are more after than even
• 24:03
  they will let you believe. And we're seeing this.
• 24:06
  And this is one of the constant themes on our show that the
• 24:09
  powers that be. I'll let you jump in last night.
• 24:13
  Powers that be need to censor and control, or rather try to
• 24:17
  control information because the Fiat system is based on trust.
• 24:21
  And as long as people out there believe that the system is
• 24:24
  working, they will figure out whatever mechanism they can to
• 24:27
  sweep it under the rug. And so we're in this weird
• 24:30
  position right now where all the Bitcoiners, you know, I've
• 24:33
  looked at their feet, we're off the Cliff.
• 24:35
  We are protecting ourselves. But the rest of the world is
• 24:37
  still falling along blindly with the Fiat system, with the
• 24:40
  brainwashing. And they think everything is
• 24:42
  hunky Dory, that life is good, you know, or they had that pure
• 24:46
  nihilism and they're pissed off and they don't know what the
• 24:49
  solution is. And of course, we say it is
• 24:51
  simply Bitcoin. You just need to stack Bitcoin.
• 24:52
  Anyways, Bryson, jump in and then we will get Jet.
• 24:56
  Yeah, so I mean, every, every US politician is very high torrent
• 24:59
  time horizon because the money's so bad, right.
• 25:01
  So I mean, that's only being, I guess, exacerbated recently,
• 25:04
  right, when we're really in for turning, you know, country
• 25:08
  decline, right? And so it's it's listen,
• 25:11
  American harder, right? It really reinforces the idea
• 25:14
  that the American dream is still alive, right?
• 25:16
  And and Bitcoin is keeping it alive, right.
• 25:18
  So for the vast majority of normies who, you know, are still
• 25:20
  asleep, stuck in the matrix, right, It's very easy to see,
• 25:24
  oh, you know, capitalism's bad, right?
• 25:25
  The American dream isn't alive, right?
• 25:27
  And they're just very, the very miseducated, right?
• 25:31
  It's like, well, capitalism isn't bad, Keynesian economics
• 25:33
  is bad, right? Austrian economics is true
• 25:35
  capitalism. But we don't live in in a true
• 25:36
  capitalist economy because, well, in 08/09, right?
• 25:40
  I mean, we'd bear out the banks, right?
• 25:41
  So you go gamble with other people's money and there's no
• 25:43
  repercussions. So this isn't capitalism, right?
• 25:46
  And so if the government can control you and infringe on your
• 25:49
  rights by creating a catastrophe like a pandemic, then they're
• 25:52
  going to manufacture these catastrophes and pandemics,
• 25:55
  right? They're going to gain more
• 25:56
  control over you, right? They're going to limit your
• 25:57
  freedom. They're going to control you,
• 26:00
  right? But now that we have social
• 26:01
  media for the last 15 years, right, the elites have kind of
• 26:04
  lost control of everything because now information can be
• 26:07
  spread around the world instantaneously.
• 26:09
  And so without the, you know, without their hands, you know,
• 26:12
  puppet masters over the mainstream media that they're
• 26:14
  kind of losing control of the narrative and they're they're
• 26:16
  panicking. They don't know what to do right
• 26:18
  So. 100% I mean, I think this a good culmination of what we've
• 26:23
  seen this year is that anyone that's awake or you know, Elon,
• 26:29
  quote UN quote freeing the bird, you're seeing that the official
• 26:32
  narratives are just getting dunked on by, you know, the the
• 26:35
  a non autist on the Internet and they're getting fact checked.
• 26:38
  They're losing their minds. They're calling for more
• 26:40
  censorship. It's because the truth cannot be
• 26:43
  stopped and we have the truth on our side.
• 26:46
  And that's if if that doesn't make you hopeful, I really don't
• 26:49
  know what will. Anyways, enough for anything
• 26:51
  from me. Jay, what's your thoughts on
• 26:52
  this topic in this video? Markets are a vessel for
• 26:55
  discerning truth over time. And just just to touch on the
• 27:00
  complete criminality of the banks, like after 2008, they
• 27:03
  bundled all these subprime mortgage products into, they
• 27:08
  bribed the credit rating agencies to say, Oh yeah, these
• 27:12
  subprime mortgage products are great, right?
• 27:15
  When they were garbage, they just gave out random loans to
• 27:19
  just pretty much anybody. I mean it's insane.
• 27:23
  Teachers, whatever, yeah you can buy $1,000,000 house, $1,000,000
• 27:26
  house for everybody. And then they shove these
• 27:29
  products into their own clients retirement funds.
• 27:32
  And when everybody started defaulting on their mortgages,
• 27:35
  what happened? The banks gamble turned to
• 27:37
  nothing unfortunately and they got bailouts and bonuses.
• 27:41
  So Fiat is a system that rewards losers, unfortunately, and
• 27:46
  Bitcoin is the complete opposite.
• 27:48
  By being a deflationary, permissionless network, Bitcoin
• 27:52
  is completely upending that, and it's restoring the world to a
• 27:56
  meritocracy, a system of meritocracy.
• 27:59
  It rewards merit. Yeah, absolutely couldn't agree
• 28:04
  more though. The M word scares people out
• 28:07
  there, Jay. So let's not be extremist here
• 28:09
  on the Internet. The.
• 28:11
  The what the. The meritocracy, Everyone like
• 28:14
  it. Yeah, it terrifies people out
• 28:15
  there, at least in the normy world.
• 28:19
  But yeah, couldn't agree more. Couldn't agree more.
• 28:20
  Actually. One of one of the things that I
• 28:22
  want to touch on, we're not going to really cover it today,
• 28:24
  but the idea, and we were talking about it before the
• 28:27
  show, just Bryson and Jay and I, the idea that most people still
• 28:30
  fundamentally don't understand that it's not necessarily your
• 28:34
  house is getting more expensive. It's literally that your dollar
• 28:36
  is getting decimated and it's losing purchasing power.
• 28:39
  Like these are the fundamental messages that we need to get
• 28:42
  across to everyone and their mother because most people don't
• 28:46
  even know. And like the chat would say,
• 28:47
  most people don't even know what money is.
• 28:49
  Most people have no clue about how the financial system world
• 28:52
  works. But Bitcoin has allowed us, you
• 28:55
  know, an insight into all of this.
• 28:57
  It's we've been able to Pierce The Veil.
• 28:59
  We've been able to, you know, decipher all of the signal
• 29:02
  through the noise and realize it's the money, the money is
• 29:04
  broken. And This is why we're optimistic
• 29:06
  about the future is because we realized once the world gets
• 29:09
  back on a hard money standard, once the money gets fixed,
• 29:14
  fundamentally everything downstream from that will get
• 29:18
  fixed as well. And yes, we are early in the
• 29:21
  this quote UN quote Bitcoin experiment, but Bitcoin's
• 29:24
  running. It's been running for 15 years.
• 29:26
  It continues to do what we know it's going to do, and it's only
• 29:30
  going to get better as more people realize.
• 29:32
  That's all it has to do is keep running.
• 29:34
  And as long as it keeps running overtime, it will restore that
• 29:38
  ladder of economic mobility and people will have hope.
• 29:42
  It will restore hope. That's the beautiful part about
• 29:44
  it. I mean, the reason you have so
• 29:46
  much nihilism in this world is because people feel like it's a
• 29:49
  rigged system. Yeah, 100%.
• 29:52
  Yeah, 100%. All right, let's get into the
• 29:57
  news, boys and girls. We have a lot to talk about.
• 29:59
  But before I do that, of course, we got to pay the bills here.
• 30:02
  So shouts out to pleb party Nashville.
• 30:05
  Our boy Anders is throwing what's probably going to be the
• 30:09
  best party before Bitcoin Nashville on July 25th.
• 30:13
  It's at, you know, rustic factory that was built in 1910.
• 30:18
  It's literally a proof of work low time preference venue.
• 30:22
  It's going to be 12 hours of all you can eat, all you can drink,
• 30:26
  all of your favorite bit corners are going to be there.
• 30:28
  So you want to get your tickets today.
• 30:30
  I believe if I am remember there is only 12 tickets left at the
• 30:35
  price point of today, which I think it's it's 212 I believe.
• 30:38
  So if you're going to Nashville and you want to see all of your
• 30:42
  friends, you want to get in touch with Bitcoins, you want to
• 30:45
  see the whole Simply Bitcoin crew, we will be there.
• 30:47
  Make sure you go to this party because Anders knows how to
• 30:50
  throw a great party and you do not want to be in Nashville.
• 30:53
  Just wondering like where all my friends at?
• 30:55
  They're all going to be at the pleb party.
• 30:57
  July 25th, the pleb party in Nashville.
• 31:00
  On that note, guys, let's get into the news because we got a
• 31:03
  lot to talk about the Daily News.
• 31:10
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• 31:14
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• 31:21
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• 32:00
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  more. All right, you are another deal
• 32:08
  boys and girls scan the QR code right there right there make
• 32:11
  sure you are getting your Bitcoin off exchanges and use
• 32:15
  the passport by foundation and if you link it with the envoy.
• 32:18
  I like I I love all the Bitcoin wallets out there, the Bitcoin
• 32:21
  only wallets out there, but this might be the easiest one.
• 32:24
  This is grandma friendly tech OK guys all right so as you can
• 32:29
  tell from the headline, we're gonna be talking about Peter
• 32:31
  Thiel right now there's a great clip going around and it's great
• 32:34
  for us to have this conversation on the show.
• 32:36
  You can get the billionaire perspective on Bitcoin and
• 32:41
  you'll get the quote UN quote everyday Bitcoin or the Bitcoin
• 32:44
  pledge perspective on Bitcoin and where it's headed.
• 32:47
  But for those that aren't familiar with Peter Thiel, I do
• 32:50
  want to give a little context for you guys.
• 32:52
  So Peter Thiel, he's, I would say one of the, one of the
• 32:56
  better American entrepreneurs out there, venture capitalists.
• 32:58
  And as you can say here, of course, it's Wikipedia guys.
• 33:01
  So, you know, don't throw tomatoes on that much on that
• 33:03
  front, but a political activist and he's a Co founder of PayPal,
• 33:06
  Palantir technologies, Wink wink and founders fund, which is what
• 33:10
  he's been working on lately. And you know, he TO had an
• 33:14
  estimated net worth of 9.7 billion, ranked 213th on the
• 33:18
  Bloomberg billionaire index. I, you know, I checked that and
• 33:22
  at least according to I had to go to wait.
• 33:24
  No, sorry. Was this OK?
• 33:26
  Sorry. The next one, I was going to say
• 33:28
  I had to go to DuckDuckGo to find this, but I didn't.
• 33:30
  I'm on Google. I just put in Peter Cheal's
• 33:32
  network, you know, $7.4 billion. And I know a lot of bitcoiners
• 33:35
  out there recently have been pushing back.
• 33:37
  It's like, I don't care what billionaires think about
• 33:39
  Bitcoin. I'm not here for the billionaire
• 33:40
  class to adopt Bitcoin. I'm, I'm here for the, the, the
• 33:44
  bottom up approach of Bitcoin and how this is going to help
• 33:48
  the everyday person out there save their wealth, make sure
• 33:51
  they aren't just digital slaves in the Fiat system.
• 33:54
  Totally at that. But for a lot of people out
• 33:56
  there, you know, when when billionaires, when tech
• 33:58
  entrepreneurs talk about Bitcoin, it has weight.
• 34:01
  And so people listen and it's not a surprise that Peter Thiel
• 34:08
  is part of, can I even say it, the PayPal mafia.
• 34:11
  You guys know the PayPal mafia. You know, he was one of the Co
• 34:14
  founders of PayPal, which is of course, you know, digital
• 34:17
  payments. So it's always funny when we get
• 34:19
  people that are part of the quote UN quote digital payments
• 34:22
  ecosystem come out and talk about Bitcoin because usually
• 34:25
  they say like, oh, there's problems.
• 34:27
  You know, Bitcoin's slow. It's never going to have as many
• 34:30
  transactions as Visa, all that stuff.
• 34:32
  Well, he didn't say that this time, but I find it interesting
• 34:37
  that, yeah, the main context of this video actually, let me let
• 34:40
  me just play the video and then and then I'll put some some
• 34:43
  context behind it. So here's Michelle.
• 34:46
  I really like this. You know, this is not financial
• 34:48
  advice. It's market making.
• 34:49
  And she kind of leans into like, don't take financial advice from
• 34:52
  billionaires. They're playing an entirely
• 34:54
  different game, which I totally agree on.
• 34:56
  But let's watch this video. It's on normal speed.
• 34:58
  But let's listen to his own words.
• 35:00
  Let's see what he thinks. Are you?
• 35:02
  Still convinced? I, I think it's gotten partially
• 35:05
  unlocked with the, the, the, the, the Bitcoin ETF.
• 35:13
  But then there, you know, probably the, the, the part
• 35:15
  where I'm less less convinced of is this, this question of the
• 35:21
  sort of ideological founding vision of Bitcoin or these
• 35:25
  crypto currencies as sort of a, you know, cypherpunk, crypto
• 35:30
  anarchist, libertarian anti centralized government thing.
• 35:35
  You know this is always. You know the line.
• 35:36
  What got you interested? In that's, that's why, that's,
• 35:38
  that's what I, that's what I, that's what I thought was
• 35:41
  terrific about it. And the, and then, you know, the
• 35:44
  question is, does it really work that way or, you know, has that
• 35:47
  thread somehow gotten lost? And so when people in the FBI
• 35:50
  tell me that they'd much rather have criminals use Bitcoin than
• 35:54
  $100 bills, it suggests that maybe, you know, maybe it's not
• 35:58
  quite not quite working the way we're supposed to.
• 36:00
  Have you sold any of your Bitcoin?
• 36:02
  I, I still hold some. I, yeah, I've, I've, you know,
• 36:06
  there, there are all these ways. I, I, I, I didn't buy as much as
• 36:09
  I should have. And I, I, I, I'm, I'm proud.
• 36:14
  I, I, I, I'm not, I'm, I'm not sure it's going to go up that
• 36:18
  dramatically from here. From here.
• 36:19
  Yeah, I, I think we got the, we got the ETF edition and I don't
• 36:23
  know who else, who else buys it quickly from here.
• 36:27
  Some interesting investment advice that that that actually
• 36:31
  surprised me because I'm, I don't think I've heard you.
• 36:33
  I thought you were still all in it.
• 36:35
  It I still have a small position it it probably still can go up
• 36:40
  some, but it's going to be a volatile bumpy ride.
• 36:43
  And and I am, I'm, I, I was, I had a dual, dual reason one was
• 36:48
  this sort of, you know, ideological decentralized future
• 36:52
  of computing world that I, I really do believe and really
• 36:55
  believe would be, would be better.
• 36:57
  And it seemed like the perfect vehicle for that for for such a
• 37:01
  long time. And I'm, I am just much less
• 37:03
  convinced of that. And so I so maybe, so maybe
• 37:06
  maybe Larry Fink with the BlackRock ETF surrendered to the
• 37:11
  forces, the anti ESG forces, or maybe it's, it's more like
• 37:16
  Bitcoin's been Co opted by by them.
• 37:18
  And I I I worry it was more the latter.
• 37:20
  OK, different question. Interesting, interesting.
• 37:24
  I think the main take away guys is this idea that Bitcoin is no
• 37:27
  longer a, you know, cypherpunk libertarian hard money.
• 37:31
  I would push back against that. I I would fully say that it
• 37:35
  really sounds kind of like a Bitcoin derangement syndrome
• 37:38
  here. Like he said it a few times and
• 37:40
  let's everyone in the chat is also going hard.
• 37:42
  And let's not overlook the idea that he was just like squirming
• 37:46
  the whole time. You know, he was stuttering it.
• 37:49
  It seemed like he could barely get the thought out.
• 37:51
  Makes you wonder where that message is coming from.
• 37:53
  And I've been saying this for a long time on the show.
• 37:55
  The billionaire FUD playbook is still at play.
• 37:59
  You FUD Bitcoin so you can stack and make sure you get as much
• 38:02
  Bitcoin as possible. And then when you know that your
• 38:05
  bags are packed, you unleash it and you say, oh, look, I love
• 38:08
  Bitcoin. And I think this is one of those
• 38:11
  times where we're seeing Peter Thiel come out and do something
• 38:14
  similar. He even said it very directly in
• 38:16
  this clip himself. He's like, I wish I had more
• 38:18
  Bitcoin. I sold some Bitcoin.
• 38:20
  So we've seen this play out a lot throughout the years.
• 38:24
  And this is what I wanted to touch on first and foremost is,
• 38:27
  you know, I had to go to DuckDuckGo to find this
• 38:29
  information cause Google wouldn't find this for me.
• 38:31
  And he simply DuckDuckGo PayPal de platforming.
• 38:34
  And there's countless stories in the last couple of years over
• 38:39
  the long run of PayPal of them de platforming customers for
• 38:42
  various different reasons. So, you know, when it comes from
• 38:46
  Peter Thiel talking about like, oh, bitcoins no longer cipher
• 38:49
  punk libertarian money, it does make you wonder, considering
• 38:53
  that he was a part of PayPal. And they also strayed a long,
• 38:58
  long away, away from their initial ethos.
• 39:01
  And I still think it's important to be paranoid and wonder
• 39:06
  whether Bitcoin is being LED astray, whether it's been
• 39:09
  captured and all that good stuff.
• 39:11
  And, I mean, we say it all the time.
• 39:12
  Yeah. Larry Fink's got a huge bag of
• 39:14
  Bitcoin and that doesn't mean that he's got more power over
• 39:18
  Bitcoin because of everyone out there with nodes that are
• 39:22
  ensuring verifying the blockchain for themselves and of
• 39:25
  course all of the developers out there making sure that it's not
• 39:27
  getting Co opted. But I think it's important for
• 39:29
  us to at least keep our head on a swivel.
• 39:32
  But with that being said, there is some interesting news on this
• 39:36
  front. Remember what I say about the
• 39:37
  big billionaire Fudd play bug? Well, this article came out when
• 39:41
  this clip came out from the block and you know it goes.
• 39:43
  Peter Thiel continues holding Bitcoin despite reservations.
• 39:46
  You just heard his reservations, but let's look into what he's
• 39:50
  doing on the back end. So in February, Reuters reported
• 39:53
  that Peter Thiel's venture capital firm Founders Fund had
• 39:57
  invested 100 million in Bitcoin last year at a price below
• 40:00
  $30,000. Founders Fund reportedly first
• 40:03
  began investing. Bitcoin in 2014 making 1.8
• 40:06
  billion by selling before the 2022 market collapse.
• 40:10
  And wait, is it not here? And it's also he's investing in
• 40:14
  mining infrastructure through founders fund.
• 40:16
  So it's interesting on the one end, of course, he's he's saving
• 40:20
  in Bitcoin and now he's publicly saying, oh, I have reservations
• 40:23
  about Bitcoin. It might have got Co opted by
• 40:25
  the ETF, though there might be some, you know, some price gains
• 40:28
  because of the ETF. He's concerned whether Larry
• 40:31
  Fink has captured the Bitcoin market.
• 40:32
  I would argue the other way, but Shinobi does drop a really good
• 40:36
  point here. And if you don't know Shinobi,
• 40:39
  he's an editor at Bitcoin magazine as as well.
• 40:42
  He's one of those Anon people on Twitter that is constantly
• 40:46
  ringing the alarm, making sure your head's on a swivel, making
• 40:49
  sure you're not complacent and falling asleep.
• 40:52
  So I think this is a great take and he's been saying this for a
• 40:55
  while. And also kudos to his partner or
• 40:58
  yeah, his, you know, fellow Co worker at Bitcoin magazine, Mark
• 41:01
  Goodwin, who's been doing the rounds with Whitney Webb also
• 41:05
  kind of saying something of similar that we have to ensure
• 41:08
  that Bitcoin doesn't get Co opted by Wall Street, which if
• 41:11
  it does, then like, what are we doing here with this is the
• 41:13
  whole point of Bitcoin is that it cannot be Co opted by these
• 41:16
  people. And we're in that battle right
• 41:19
  now. And I think a lot of people that
• 41:21
  aren't just stuck on the opium, as much as I stay stay bull
• 41:24
  hearted, I'm still constantly paranoid, keeping my head on a
• 41:27
  swivel and wondering whether Bitcoin one is exactly what I
• 41:30
  think it is. And I think this is healthy for
• 41:31
  all those Bitcoiners to do. Anyways, with that said, Shinobi
• 41:34
  goes, if even someone like Peter Thiel, a veritable establishment
• 41:38
  spook, calling out Bitcoin becoming increasingly captured
• 41:42
  by the establishment doesn't make it click for people, then
• 41:45
  yeah, I don't know what else to say.
• 41:48
  So Shinobi is not necessarily saying that Bitcoin is Co opted
• 41:52
  by Bitcoin, but what he's saying is we got to be aware and keep
• 41:56
  our head on a swivel that this is a potential, this is a very
• 41:59
  real risk. And of course we're seeing this
• 42:01
  play out right now, especially considering all the stuff we
• 42:04
  covered last year, what we covered the beginning of this
• 42:06
  year. We're seeing that the
• 42:07
  establishment is fighting us. We've been seeing the central
• 42:09
  banks attack Bitcoin. We're seeing now that Larry Fink
• 42:13
  comes into Bitcoin, you know he's trying to tokenize all of
• 42:15
  the world. So it does make you wonder a
• 42:19
  little bit. I know I've seen a lot of
• 42:20
  friends also say something similar, like, wow, I was
• 42:23
  checking on the ETF and I thought it was a good thing.
• 42:26
  And now I'm kind of wondering whether it was a good thing
• 42:28
  because now Larry Fink on our side, you know, some might say
• 42:31
  the evilest man in the 21st century is on our side.
• 42:35
  Are we really doing what we think we're doing?
• 42:38
  Are we really living up to the cyberpunk ethos that how Finney
• 42:42
  and Satoshi and Adam back created for us with Bitcoin?
• 42:45
  And there is a very big conversation amongst bitcoins in
• 42:50
  the Bitcoin culture about people either just being pure number go
• 42:53
  up maximalist and and not necessarily caring about the
• 42:56
  freedom ethos of Bitcoin. Well, I think it's all
• 42:59
  intertwined. And I think it's important for
• 43:01
  us to keep our head on a swivel and ensure that Bitcoin ethos
• 43:04
  first principles do continue to be propagated and people run
• 43:08
  nodes. People are able to take Bitcoin
• 43:10
  into custody and ensure that we don't just bend the knee and we
• 43:13
  don't just sit for every billionaire, you know, all the
• 43:15
  institutions coming into Bitcoin, the nation states
• 43:17
  coming into Bitcoin. I think it is important to have
• 43:20
  a healthy discussion around this.
• 43:22
  And even though Peter Thiel can barely keep a thought together,
• 43:26
  a sentence together, I think there is a very real thread of
• 43:31
  all of us wondering, OK, is Bitcoin as decentralized as we
• 43:35
  thought it was? Is it the freedom money that we
• 43:37
  think it is? I think most of us would agree
• 43:40
  that it is. But the fact we're having these
• 43:41
  conversations, I think is super important.
• 43:44
  But I also the irony's not lost on me that Peter Thiel, a
• 43:47
  billionaire part of the PayPal mafia, is out here telling us
• 43:50
  like, oh, I'm not bullish on Bitcoin.
• 43:53
  It's not going to pump. I sold, I sold a lot of my
• 43:56
  Bitcoin. I wish I had more Bitcoin.
• 43:58
  I think it's captured, bro. Like, trust me, bro, you don't
• 44:01
  want this Bitcoin. There's better game.
• 44:04
  Yeah, exactly. So there's things to consider.
• 44:07
  And the reason we bring up people such as Peter Thiel on
• 44:09
  the show constantly is because for lack, you know, for lack of
• 44:14
  better terms. And and as much as we might not
• 44:16
  like it, a lot of people out there still look at the quote UN
• 44:19
  quote authorities out here in the tech space.
• 44:21
  So, you know, trust the experts, and they still give credence to
• 44:25
  what they say, like, their words still have weight.
• 44:27
  And personally, it just seems like he's falling into the
• 44:31
  billionaire fudd play, buck fudd Bitcoin, stack Bitcoin.
• 44:34
  I mean, he said himself, I don't have as much Bitcoin as I wish I
• 44:36
  had. And so they're trying to keep
• 44:38
  the price low so that they can stack Bitcoin.
• 44:41
  Maybe he's doing some cover for Larry Frink and Co out there so
• 44:44
  that they can all stack more Bitcoin.
• 44:46
  Who knows? But I think it's an important
• 44:48
  conversation to have. So on that note, I'm gonna pass
• 44:50
  it over to Jay. Jay, what's your thoughts on
• 44:52
  this? So regardless of social status,
• 44:55
  like Bitcoin is basically for everybody in my opinion, it's
• 44:58
  for the poor person, it's for the richest person in society.
• 45:01
  And I don't think the governments are capable of Co
• 45:04
  opting Bitcoin. I think they'll try and go for
• 45:06
  the pools, they'll try and go for who compiles the blocks, but
• 45:12
  there's always going to be a tactic to combat that.
• 45:15
  So if they want to make all the pools OFAC compliant, people are
• 45:19
  just going to start pointing their hash in different
• 45:21
  directions. They're going to start pointing
• 45:23
  their hash rate towards pools that aren't complying with the
• 45:26
  state. Yeah, totally couldn't agree
• 45:29
  more. Absolutely.
• 45:31
  And man, it's this is just this is one of the reasons why I do
• 45:34
  love Bitcoiners is because we agree on like 99% of all of our
• 45:39
  world views. But we will fight to the death
• 45:42
  for that last 1%. And that's what keeps the game
• 45:46
  theory of Bitcoin going as one of the OG memers out there bits,
• 45:50
  you know, he says Bitcoin is a Mexican standoff.
• 45:53
  And we're all, you know, looking at our Bitcoin and we're
• 45:57
  ensuring that nothing messes up the Bitcoin network.
• 46:01
  And I think that's what is super important as a Bitcoiner is to
• 46:05
  usher in the Bitcoin network for for your grandchildren, your
• 46:08
  great grandchildren, for the rest of, like Sailor says, the
• 46:10
  next thousand years of humanity so that that planet Earth has a
• 46:14
  better money, so that we can build on a strong money so that
• 46:17
  the the wealth of the world, it doesn't just get siphoned off
• 46:20
  into a, you know, the pockets of a few wealthy out there.
• 46:24
  So totally agree. Bryson, what's your thoughts on
• 46:26
  this? Well, I think another concern
• 46:29
  that I have is that all of the very wealthy individuals usually
• 46:33
  like with bottom up adoption. It's phenomenal for the middle
• 46:36
  class, the lower class, I think with especially with the ETFs
• 46:40
  now they're being completely omitted.
• 46:41
  We're going to super high net worth individuals right away,
• 46:44
  right, because that's where the the most money is.
• 46:46
  So I don't think these ETF providers are actually up to
• 46:49
  potentially up to anything nefarious, right?
• 46:52
  They see Bitcoin ETF as a phenomenal way to rack in loads
• 46:57
  of of cash. So they still see it as a Fiat
• 46:59
  income stream, right? So they might not even be trying
• 47:02
  to Co opt Bitcoin, right? If they can buy, they can, well,
• 47:05
  if they can have a million Bitcoin custody with like
• 47:07
  Coinbase and they send Bitcoin to $1,000,000 a coin and they're
• 47:11
  taking 15 basis points a year, right?
• 47:13
  Think about the income revenue or the revenue flow that they'd
• 47:16
  be getting from that, right? So I, I don't know, I don't know
• 47:20
  how, how concerning that should be.
• 47:23
  I don't think it's necessarily a, hey, we're trying to buy all
• 47:25
  the Bitcoin. They're trying to buy all the
• 47:26
  Bitcoin, but I don't think it's necessarily for like a nefarious
• 47:29
  purpose. Love it, love it.
• 47:31
  I mean, hey, to be fair, I'm trying to buy all the Bitcoin
• 47:35
  too. I.
• 47:36
  Totally get it. Buy all the Bitcoin I can.
• 47:39
  Yeah, exactly. We're we're playing a game of
• 47:41
  hungry Hippo here. We all want as much Bitcoin as
• 47:43
  possible. So I totally get the incentives.
• 47:45
  But it is very interesting when you see people that are pretty
• 47:49
  much well entrenched in the Fiat system essentially say like,
• 47:53
  trust me bro, you don't want no part of this Bitcoin thing.
• 47:56
  It's really not what you think it is.
• 47:58
  You don't want one of this freedom man, Be more compliant.
• 48:01
  Yeah, that that's the problem with Peter Shell is, is he's
• 48:04
  like, he's like, well, who else is gonna allocate to Bitcoin?
• 48:06
  I mean, nobody's allocated to Bitcoin, right?
• 48:08
  You go talk in normie land, no one knows about it, right?
• 48:10
  And so we're still so early that if you go in DCA $1000 into
• 48:14
  Bitcoin a month, people would call you crazy and say you don't
• 48:17
  know what you're doing, right? But if you have $1000 a month
• 48:19
  car payment, right, and $5000 in the bank, right?
• 48:22
  They're like, well, congratulations, good on you.
• 48:24
  You're doing the. You're a cog in the machine,
• 48:26
  right? Totally, totally.
• 48:28
  Wait, Jay, I think this might be a good segment to tell the
• 48:31
  people your crazy Bitcoiners story that you were telling us
• 48:35
  before the show. So let's do a short version of
• 48:38
  it. Yeah, I gotcha.
• 48:40
  So I wrote my book downloading Divinity and.
• 48:42
  We'll talk all about it, but yeah.
• 48:45
  All right, I started writing mine around the end of 2020 up
• 48:48
  until the end of 2021. It came ready for sale November
• 48:52
  2022 when FTX started collapsing.
• 48:54
  So everybody in my hometown thinks I'm like a Bitcoin nut
• 48:57
  job. I mean, they saw the price go
• 48:59
  from 69 K to like 16 K whenever I was ready to sell my book.
• 49:05
  And I just doubled down and confirmed their beliefs by going
• 49:08
  around my hometown dressed up as a Bitcoin and holding up signs
• 49:12
  in front of Wells Fargo like the banks are stealing from you opt
• 49:16
  out with Bitcoin or in front of the Lee County Board of
• 49:19
  Elections office. Your votes won't save you.
• 49:21
  Saving Bitcoin will. And I made a gigantic post
• 49:24
  announcing the release of my book on Facebook.
• 49:26
  But the reason I wrote downloading divinity is because
• 49:29
  I believe the most common misconception I've come across
• 49:32
  when interacting with people is they don't really understand
• 49:34
  what bitcoins purpose is. Just because you can't go to the
• 49:37
  grocery store and buy stuff with it.
• 49:39
  A lot of people believe it's useless.
• 49:41
  And that stems from the fact that most people, but even those
• 49:44
  who study finance adept, never tend to ask themselves what is
• 49:48
  money and pursue that question to its logical end.
• 49:51
  So money is the highest value possible use case in an economy.
• 49:56
  And today we have a big problem with our money.
• 49:58
  We have thousands of different currencies across all sorts of
• 50:01
  countries on Earth, and that creates a lot of friction in
• 50:04
  World Trade. It's a global border system,
• 50:07
  basically, all with exchange rates that are constantly
• 50:10
  shifting against one another. And so the supplies of all these
• 50:14
  currencies are manipulated by central banks who contract and
• 50:17
  expand credit to dilute the cost of capital.
• 50:19
  And by diluting the cost of capital, they do value your
• 50:22
  time. So my book goes into the
• 50:26
  chapters of how Bitcoin fixes this, basically, and what is
• 50:29
  Bitcoin doing for humanity, its purpose.
• 50:32
  But I think the most beautiful thing of all, it's it's going to
• 50:35
  restore hope in society. And that was kind of how I ended
• 50:38
  the. Love it, love it.
• 50:40
  Yeah, we'll, we'll get into more in the culture, but I wanted to
• 50:43
  emphasize that little story because we're still early, we're
• 50:48
  still the Bitcoin nut jobs out there even though.
• 50:50
  A nut job? Yeah.
• 50:51
  Even though Bitcoin's been around for 15 years.
• 50:54
  And once you're in Bitcoin like you, you fall into what Peter
• 50:57
  Thiel's saying, it's like, oh, I've been in Bitcoin for, you
• 50:59
  know, a decade now. And I don't think there's going
• 51:01
  to be any gains in Bitcoin. And I, I always do a very simple
• 51:05
  thought experiments like go, go out, go outside and talk to
• 51:10
  normies and ask them what they think about Bitcoin.
• 51:14
  You don't even need to tell them you're a Bitcoin or just, you
• 51:16
  know, pro like probe a little bit and then you drop the drop
• 51:19
  the B word on them. And usually most people either
• 51:23
  have a complete misunderstanding of Bitcoin or they're just like
• 51:27
  they couldn't care less. And to me, that just shows that
• 51:31
  there's still incredible upside to Bitcoin because very few
• 51:33
  people hold Bitcoin and even within the people that do hold
• 51:37
  some Bitcoin and don't quote crypto, very few people truly
• 51:40
  understand Bitcoin like all of us psychopaths in the chat.
• 51:43
  So we're still early. We're still early.
• 51:46
  All right, on that note, let's get to the culture, because I do
• 51:48
  want to talk with Jay about everything he's working on, but
• 51:50
  I do got to plug the orange pill app.
• 51:53
  Guys, make sure you download the orange pill app.
• 51:56
  Do not be the solo crazy Bitcoiner in your community.
• 51:59
  Make sure you're going to the Bitcoin meet ups.
• 52:02
  Make sure you're meeting other Bitcoiners in real life, Stack
• 52:04
  friends who stack SAT's guys. As you know, Bitcoin will take
• 52:08
  over the world and you want to be a part of the new, I don't
• 52:12
  wanna say financial elites, but the financial elites.
• 52:15
  Bitcoiners will have all the capital and you want to take
• 52:19
  your cyber relationships into meet space.
• 52:23
  It's cool talking to your friends on Twitter, but it's
• 52:26
  even cooler when you hang out with them in real life and you
• 52:29
  actually build a local community.
• 52:31
  You know, the fabled circular economy, your local circular
• 52:34
  economy of bit corners. This is how we ensure that we
• 52:37
  have strength in numbers. Make sure you are meeting and
• 52:40
  hanging out with bit corners in real time.
• 52:43
  Download the Orange Pill app today and get in touch with more
• 52:46
  bit corners on that. Now let's get into the culture.
• 52:48
  There's going to be a good one. The daily culture.
• 52:59
  All right, boys and girls. Kaboom racks get in touch with
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• 53:59
  OK, Jay, we did just talk about it a little bit.
• 54:03
  So I don't know if you want to talk about what got you into
• 54:07
  writing this book or where you want to take it.
• 54:09
  You already did kind of cover what your book is about.
• 54:12
  Actually, I'm going to tee you up because you did kind of
• 54:15
  already touch on it, but so you can reel this into the story.
• 54:18
  But I have one of your threads here and I absolutely love one
• 54:21
  of the points you made. And I I want to just give you a
• 54:23
  platform to elaborate on this. And it's the idea of the
• 54:26
  importance and the significance of an honest form of money and
• 54:30
  the separation of money in states.
• 54:32
  The J will cause you to be the crazy bit corner bro.
• 54:37
  So yeah, I think separating money in state is the most
• 54:42
  necessary problem, or it's the most necessary solution that we
• 54:46
  have to the biggest problem in society, you know?
• 54:49
  But yeah, I started writing that book in 2020.
• 54:53
  It was ready for sale in 2022. I really don't do any marketing
• 54:56
  for the book, to be honest. It's just me talking shit to
• 54:59
  shit corners and statists on Twitter and the occasional
• 55:02
  Twitter DM like, hey, can I buy your book?
• 55:04
  And I'm like, yeah, sure, if you want to pay a Bitcoin, it's a
• 55:07
  10% discount, so. Love it, bro, absolutely love
• 55:12
  it. OK, so let's let's elaborate a
• 55:15
  little bit. Why do you stress the idea of an
• 55:19
  honest money? And I think this is one of the
• 55:20
  things that few, few people really understand in the army
• 55:24
  world and and obviously don't even understand what money is or
• 55:27
  why it's broken. So maybe touch on that.
• 55:30
  I know actually, I know you have some notes there.
• 55:32
  So maybe if you want to rehash some of that stuff, you can also
• 55:34
  hit that as well. Yeah, I'm so for thousands of
• 55:38
  years, humanity just saved money.
• 55:40
  Basically. We had gold for thousands of
• 55:42
  years and unfortunately the gold market became papered over.
• 55:46
  They started offering gold derivatives and they use that to
• 55:49
  suppress the price of gold, unfortunately.
• 55:52
  So golden in a sense, it's kind of captured, but Bitcoin, it
• 55:57
  solves a lot of the problems that led to gold being captured
• 56:00
  in the 1st place. It's completely portable.
• 56:02
  You can send it anywhere on earth.
• 56:04
  So because they can't actually stop the movement of it, I don't
• 56:07
  really believe that it's going to be papered over like gold
• 56:10
  did. And also it's publicly
• 56:13
  auditable. So you can actually see, OK, is
• 56:16
  this exchange actually, do they actually have this much Bitcoin
• 56:20
  in their reserves as they say they do?
• 56:22
  And if they don't, clients will move to different exchanges,
• 56:25
  more honest ones. So it will end a lot of the
• 56:30
  dishonest practices that we have in banking.
• 56:32
  It will end fractional reserve banking, it will end central
• 56:35
  banking over time. So that is the most important
• 56:40
  thing that could happen in society.
• 56:42
  And I believe that if you allocate your money to the to
• 56:47
  the highest value problem, you'll get the highest value
• 56:50
  reward. It's seems risky, but I don't
• 56:56
  really think so. Yes, it seems I've been.
• 57:00
  I said all the time, you know, sats are my stable coin.
• 57:03
  It's not that the Bitcoin price is volatile.
• 57:05
  It's not that the Bitcoin network is volatile.
• 57:07
  Literally a new block comes in every roughly every 10 minutes.
• 57:10
  It's as stable as possible. You know what the monetary
• 57:13
  policy of Bitcoin will be hundreds of years down the road,
• 57:16
  if not thousands of years down the road.
• 57:19
  And once you can wrap your brain around that and you realize that
• 57:22
  the alternative is, you know what 12 people on a meeting
• 57:26
  every other couple of months answer every month telling you
• 57:28
  what the interest rates are, you start to realize that Bitcoin is
• 57:32
  the stable thing in the world, that everything else is volatile
• 57:35
  in response, or rather putting a mirror to Bitcoin because
• 57:39
  Bitcoin is stable. So everything is is in flight
• 57:42
  and Bitcoin is the only thing that is stable.
• 57:45
  But I do want to hit on something that was a part of
• 57:47
  that thread J that I think it would make a it would stress a
• 57:50
  great point that we covered with the Peter Thiel stuff.
• 57:53
  And it was an opinion that you put in the thread.
• 57:57
  I can I can drop it for you guys in the chat.
• 57:59
  It's the idea that attacks are usually top down and why you
• 58:04
  think that is and how the truth about Bitcoin emerges from the
• 58:09
  bottom up. And so I think it's a great
• 58:11
  point to talk about on today's show considering the topic.
• 58:14
  All right, I love it. All right, So if you look at
• 58:18
  mainstream media nowadays, it seems like they all tend to have
• 58:21
  the same talking points, right? And I my opinion, it goes back
• 58:26
  to this old CIA program called Operation Mockingbird.
• 58:30
  And that's why they all have these same talking talking
• 58:33
  points. Bitcoin is the biggest disruptor
• 58:36
  to Operation Mockingbird possible.
• 58:38
  And I mean, here we are on Simply Bitcoin.
• 58:41
  We're talking about stuff that you never get to hear on CNBC or
• 58:45
  MSNBC. So yeah, Bitcoin it it's truth
• 58:50
  emerges from a grassroots bottom up basis by its users who've
• 58:54
  actually put in the time to deeply study it past shallow
• 58:58
  news headlines and stuff of that nature.
• 59:01
  Totally agree. And on that point, another,
• 59:04
  another message that I got from your thread is the idea that
• 59:10
  the, the importance of every one of us to defend Bitcoin and why
• 59:13
  you believe there are no Bitcoin experts.
• 59:16
  And I, I think like this is such a good theme from today's show,
• 59:20
  just like exposing people to these ideas that like, you don't
• 59:24
  have to be, you know, an OG bitcoiner, like you don't have
• 59:28
  to have your, your credentials to be noticed in the Bitcoin
• 59:32
  community. You just got to work from first
• 59:35
  principles like us. We just made a show and you guys
• 59:38
  love it because we're not just out here lying and we kind of
• 59:41
  know what we're talking about a little bit.
• 59:42
  So, Tay, why is there no Bitcoin expert?
• 59:46
  And why is it so important for every single one of us to put
• 59:48
  our hat in the ring? Yeah.
• 59:50
  So as you know, Abdi, I mean, Bitcoin's something that
• 59:52
  overlaps a massive amount of disciplines.
• 59:55
  I mean cryptography, mathematics, history, Internet
• 59:59
  scaling, layers, the list could go on and on.
• 1:00:03
  So I don't really believe that there's any one person could who
• 1:00:07
  could just master. All of these things at once.
• 1:00:11
  So that's why I just completely dismissed the concept that there
• 1:00:14
  would be any experts in Bitcoin. I believe there's a lot of
• 1:00:16
  people who know their stuff. I mean, I came up listening to
• 1:00:19
  like Andreas Antonopoulos videos and to anybody listening to this
• 1:00:22
  right now, I'd say that's a great place to start.
• 1:00:25
  But I consider myself a student of Bitcoin.
• 1:00:28
  I've learned a lot from just observing people on Twitter,
• 1:00:32
  listening to Twitter, reading Twitter threads, listening to
• 1:00:35
  you guys here on Simply Bitcoin. Yeah.
• 1:00:39
  So I just consider myself a student of Bitcoin, but I also
• 1:00:43
  believe that you can still offer your voice to people as a
• 1:00:47
  student of Bitcoin and there is some legitimates to that.
• 1:00:51
  Yeah, 100%. And I mean, I think the, I think
• 1:00:55
  the biggest indicator of success is not the credentials, you
• 1:00:59
  know, like, who should you be listening to?
• 1:01:02
  It's people that are successful that have accomplished what you
• 1:01:05
  want in your life. And This is why I always say
• 1:01:07
  like, you're a walking billboard for Bitcoin.
• 1:01:09
  And it's super important for every single one of us to not
• 1:01:13
  necessarily just defend Bitcoin, but to be walking proponents of
• 1:01:16
  Bitcoin. And like you said, Jay, it's
• 1:01:18
  like, hey, we just put in the time.
• 1:01:21
  But the biggest indicator of success for us is that we're
• 1:01:25
  happier, we're fitter, We have more wealth than we've ever had
• 1:01:28
  before. And it's simply because we
• 1:01:30
  stacked stats. We took it into cold storage.
• 1:01:33
  We put in the time to understand what's going on in the world and
• 1:01:36
  on the Bitcoin network. Yeah.
• 1:01:38
  Then the goats. Goats.
• 1:01:40
  Loads. But man, it's just, it's so it's
• 1:01:43
  so awesome to be a part of the Bitcoin network or, or just
• 1:01:47
  being a Bitcoiner and stacking sats and, and realizing like I
• 1:01:50
  can trust myself. I, I know what's right from
• 1:01:52
  wrong. I did some research, you know,
• 1:01:55
  I, I communicated with my gut and my brain and hey, my life
• 1:02:00
  has gotten better. And what, what better signs of
• 1:02:02
  success than that when you live a better life?
• 1:02:05
  And this is what I constantly say.
• 1:02:06
  Anyways, I've been ranting enough.
• 1:02:08
  Bryson, you want to pop in here, ask Jay a couple questions.
• 1:02:12
  Oh I was just going to rant too but OK.
• 1:02:14
  OK, no rant. Ran away.
• 1:02:15
  Ran away. Yeah, and that that's So what
• 1:02:17
  separates bit corners from doom and gloom boomers is we have an
• 1:02:22
  out. We have something to be positive
• 1:02:23
  about, right. So you can sit here and just be
• 1:02:25
  pessimistic and point out all of the problems, right?
• 1:02:27
  I mean, a lot of people today recognize those problems, right
• 1:02:30
  in society with the money, right?
• 1:02:32
  The the problem and this this is this is the age-old debate of of
• 1:02:36
  politics, right? Two party, the political system,
• 1:02:39
  right, is both people agree that we need to change the government
• 1:02:42
  because it's not working correctly, but the normals don't
• 1:02:44
  understand how broken it is, right?
• 1:02:46
  So there are they're both in here they're trying to enact
• 1:02:49
  regulation on, on opposing sides and say, OK, well, we need to
• 1:02:51
  get rid of this, we need to implement this.
• 1:02:53
  The whole system needs to get torn down, right?
• 1:02:55
  And so with Bitcoin, right, this is our this is the solution to
• 1:02:58
  all of our problems, right? So a lot of people have issues
• 1:03:02
  with Bitcoiners because a lot of us sound very pessimistic when
• 1:03:04
  we're putting up problems like, oh, look at you're not actually
• 1:03:06
  getting wealthy or you're actually losing purchasing power
• 1:03:08
  by saving in Fiat, right? Or saving in a, a bond getting
• 1:03:12
  4% a year, right? But the, the difference is we
• 1:03:16
  are positive and have an optimistic outlook because we,
• 1:03:19
  we have Bitcoin, right? So Fiat is shrinking in
• 1:03:25
  purchasing power over time and it basically incentivizes people
• 1:03:28
  to spend, spend money immediately, right?
• 1:03:30
  So saving is cost prohibitive, right?
• 1:03:33
  And this is this is what's led to the bad money, which is
• 1:03:35
  making housing affordable, which is making millennials zoomers
• 1:03:39
  hop on TikTok and rant about how unfair life life is and how good
• 1:03:43
  the the boomers had it, right? So it's, it's just a phenomenal
• 1:03:47
  time to be alive. And if people would open their
• 1:03:49
  eyes, and this is kind of where we come in, right as educators
• 1:03:52
  in this space is we now have a phenomenal opportunity to open
• 1:03:56
  everyone else's eyes. And I think the world's going to
• 1:03:59
  be a much better place when we're done.
• 1:04:01
  And it's just, it's a wonderful experience meeting bit corners
• 1:04:03
  as a person online, right? Because there's always something
• 1:04:06
  that someone else can teach you that you don't know, and there's
• 1:04:08
  something you can always teach to another person, right?
• 1:04:10
  So if I walked up to a a bit corner at my local meet up,
• 1:04:13
  right, they might know a lot more about nostril, right?
• 1:04:15
  But I might know more more about mining, right?
• 1:04:18
  Whatever. So it's, it's very interesting
• 1:04:20
  how there's a very niche. It's still, Bitcoin's still very
• 1:04:23
  niche, but it's, so it's, it's very niche, but there's still so
• 1:04:28
  much, so many varying perspectives.
• 1:04:31
  And that kind of 1% where, where ideologically we all understand
• 1:04:34
  that the money's broken. We, we still vary a lot.
• 1:04:37
  And well, the other 1% or as you were talking to earlier, and I
• 1:04:40
  find that very, it's very wonderful.
• 1:04:43
  It's hilarious. Big corners fight over a very
• 1:04:47
  small portion of what we agree on.
• 1:04:49
  But with that being said, I do want to say, you know, with
• 1:04:52
  Zoomers like Bryson, I think we might be all right.
• 1:04:55
  So, you know, we got some Bitcoin zoomers out here.
• 1:04:58
  So there's hope for us yet. The children might be all right.
• 1:05:02
  Anyways, Jay, I do want to give you a couple, you know, last,
• 1:05:06
  last moments on today's show, not not just to plug what you're
• 1:05:09
  working on, but what is the last two sets?
• 1:05:13
  It could be about people's car. Oh, wait, no, actually, let's do
• 1:05:17
  that. Let's do the car story.
• 1:05:19
  All right, Let's do the check light, check engine light meme
• 1:05:23
  and then we'll do your last two sets and then we'll plug where
• 1:05:26
  they can get the buck. Oh God, I'll give you the quick
• 1:05:29
  summary of it. OK, so it was towards the end of
• 1:05:32
  last year. I was mowing my lawn and I got
• 1:05:34
  to the end, put the lawn mower away and I took a step back for
• 1:05:38
  a little while and I look back, somebody's stealing my lawn
• 1:05:41
  mower, running off with this thing.
• 1:05:43
  I'm like, what in the heck is going on?
• 1:05:45
  So I jump in my car, I peel off after them and while I'm trying
• 1:05:50
  to keep up with them, I tried to cut the curb around this
• 1:05:53
  McDonald's and I hit somebody's like, what was it there?
• 1:05:58
  Trailer basically, and I was like, Oh my God, I ran out.
• 1:06:03
  I gave him my card real quick. I was like, hey, if I did any
• 1:06:05
  damage, you know, let me know. But I got to catch this guy who
• 1:06:08
  just took my lawn mower. So the guy parked right in front
• 1:06:11
  of Davis and Stakes in Sanford and I got out.
• 1:06:15
  I was like, I was mad because my car is messed up.
• 1:06:17
  I was like, hey, who did this? The guy turns around and he was
• 1:06:23
  like, Oh yeah, that was me. I was like, well, that's my lawn
• 1:06:25
  mower. So we get into a squabble over
• 1:06:28
  that. Basically, I go back home, my
• 1:06:30
  car is messed up. I'm sitting at home for the next
• 1:06:33
  few days with my first car, which is a piece of junk.
• 1:06:37
  And I just, I had to go to work in that check engine light,
• 1:06:41
  Christmas lights all over the dashboard.
• 1:06:43
  So I take a picture of it and I put it on Twitter and I was
• 1:06:47
  like, if your morning drive to work doesn't look like this,
• 1:06:50
  then you're short Bitcoin. And of course that kind of took
• 1:06:53
  off and I just started making a bunch of memes about it.
• 1:06:56
  And you know, that's part of the beauty of Bitcoin is it seems
• 1:07:00
  like such a small community, but it has major, like our memes
• 1:07:04
  have major ripple effects throughout the Internet.
• 1:07:08
  You know, so I, I've seen memes from Bitcoin Twitter that
• 1:07:12
  started on Bitcoin Twitter that end up on like Instagram all
• 1:07:15
  over the place. And we have a big say, a much
• 1:07:19
  bigger say than we tend to think in the world around us.
• 1:07:24
  Couldn't agree more. Couldn't agree more.
• 1:07:25
  And on that point, I think it's important to stress that one of
• 1:07:29
  the classic memes of if your car is younger than Bitcoin, you are
• 1:07:33
  short Bitcoin. Yeah, but, but just adding to
• 1:07:37
  that, I'm actually on look into Bitcoin right now and I, I know,
• 1:07:41
  so I, I think I might be, I might be in trouble for showing
• 1:07:44
  some fake news on, on Twitter too now, because I'm, I'm
• 1:07:48
  looking on Bitcoin addresses with a balance greater than
• 1:07:51
  $1.00 and there's about 50 million addresses, right?
• 1:07:53
  So I think some, someone was saying on on Twitter, a lot of
• 1:07:57
  people that like 20% of Americans own, own Bitcoin.
• 1:08:01
  And I was like, well, how can 20% of Americans own Bitcoin,
• 1:08:04
  right? Because if only 50 million
• 1:08:05
  people have an address, right? So I don't know how, I don't
• 1:08:08
  know if, well, I guess, I guess they're including people with
• 1:08:12
  exchanges, right, like Coinbase crack and stuff like that
• 1:08:14
  because they don't actually have wallets.
• 1:08:16
  Wait, is it the headline 50 million in the US because. 20,
• 1:08:21
  some of the US would be about 50 million people, right?
• 1:08:23
  Yeah, so or 60, so even more than that.
• 1:08:27
  So I don't think we're we're, we've got as much adoption as
• 1:08:29
  some people are touting. I just got it.
• 1:08:32
  Yeah, going to Bryson's back, checking himself live, though.
• 1:08:38
  Our Simply Bitcoin TV Twitter account is the best place to get
• 1:08:41
  you to this, even if Bryson's wrong sometimes.
• 1:08:43
  All right. Anyways, Jay, I'm going to tee
• 1:08:47
  up with the same question that I was going to before the check
• 1:08:50
  light, check engine light meme popped up again in my head.
• 1:08:54
  It could be about life, it could be about the cars, it could be
• 1:08:58
  about Bitcoin. But what is the last message?
• 1:09:01
  What's the last two Sats you want to leave with the audience?
• 1:09:04
  Well, first of all, fix the money, fix the world and then
• 1:09:08
  fix your car in that order. That's the best way to go.
• 1:09:11
  And I just wanted to touch on, you know, there's a lot of
• 1:09:15
  nihilism in the world today. And you know, you go on TikTok,
• 1:09:18
  you see everybody complaining about like the cost of living
• 1:09:20
  crisis. And there's a lot of people
• 1:09:22
  complaining about the problem. The good thing is you can be a
• 1:09:26
  part of the solution and the solution requires active
• 1:09:29
  participation in a the largest monetary social consensus on
• 1:09:34
  Earth. But you have to you have to have
• 1:09:37
  it in you to go against the grain and go against the
• 1:09:40
  government a little bit. And I just want to read like
• 1:09:42
  shout out to Pastor Coin, Alan Armstrong.
• 1:09:45
  He's better at this stuff than me.
• 1:09:47
  But I just wanted to read this one little Bible verse real
• 1:09:49
  quick. It's Ephesians 612.
• 1:09:51
  It's my favorite one. But for we do not wrestle
• 1:09:54
  against flesh and blood, but against the rulers, against the
• 1:09:57
  authorities, against the cosmic powers over this present
• 1:10:00
  darkness, against the spiritual forces of evil in the heavenly
• 1:10:03
  realms. And that's what Bitcoin is.
• 1:10:05
  It's a battle for good against the authorities.
• 1:10:10
  Let's fucking go, OK? Love it.
• 1:10:14
  Great way to end the show. But before we sign off, Jay, if
• 1:10:17
  anyone is looking to get themselves a downloading
• 1:10:20
  divinity, where can they get it? Do they get in touch with you?
• 1:10:24
  Is it on Amazon? Just plug, plug the book and
• 1:10:27
  then we'll roll out today. So the best way to do it is just
• 1:10:30
  contact me on Twitter, send me a Twitter DM and I'll send you out
• 1:10:33
  a copy with the tracking information and everything.
• 1:10:37
  You know, I prefer payments in Bitcoin.
• 1:10:39
  Most of the people who pay, of course they're going to pay in
• 1:10:41
  Bitcoin Lightning wallets, you know, that's all.
• 1:10:44
  Perfect, perfect. Love it, bro.
• 1:10:46
  Appreciate it. Appreciate it.
• 1:10:47
  All right, well, that was today's show.
• 1:10:51
  First show of the second-half of the year.
• 1:10:53
  July 1st episode 1021. On that note, shouts out to
• 1:10:58
  Bryson. Bryson, really appreciate you
• 1:11:00
  filling. In today, we're rolling into the
• 1:11:02
  three most bullish months historically for Bitcoin, right
• 1:11:04
  July, August, and November. So the bears are just gonna get
• 1:11:07
  slaughtered? Let's go.
• 1:11:11
  All right. Guys.
• 1:11:13
  Well, go follow the Simply Bitcoin TV account and Bryson's
• 1:11:16
  personal Bryson actually plugged your account.
• 1:11:19
  You'll see Bryson's work on the on the Twitter timelines.
• 1:11:23
  Bryson, what's your Twitter? It's Bryson foul.
• 1:11:27
  I think it's literally just my name.
• 1:11:28
  Let me double check. I think it's Bryson under score.
• 1:11:30
  Foul. It might.
• 1:11:31
  Yeah. Yeah. under score.
• 1:11:32
  Yeah. All right guys, well, go follow
• 1:11:34
  him, but also follow Simply Bitcoin TV.
• 1:11:36
  You'll see Bryson's work every single day.
• 1:11:38
  Anyways, Jay, same to you, bro. Let's plug your Twitter and
• 1:11:44
  we'll roll today's episode out. Yep.
• 1:11:45
  So my Twitter is at Phinney Jay. It's right there at the bottom.
• 1:11:50
  There we go. Love it bro.
• 1:11:53
  Well, hey, really appreciate you coming on.
• 1:11:55
  It's been a great show jam packed with information and some
• 1:11:58
  entertainment today we're starting Monday off strong.
• 1:12:00
  Good to. Be on.
• 1:12:01
  Let's go and and some great fashion bro, the the Rob.
• 1:12:04
  Appreciate it. Maybe I'll have to start selling
• 1:12:07
  these too. You know, hey, hit them in the
• 1:12:10
  chat or tag them on Twitter. If you want one, tag them on
• 1:12:12
  Twitter. We all disagree on the SAT
• 1:12:14
  symbol, so I'll just make a million different SAT symbols.
• 1:12:18
  Love it, love it. All right, Jay.
• 1:12:20
  Well, hang out behind the scenes for a little bit while I wrap
• 1:12:22
  this up. All right, guys, that was
• 1:12:24
  today's episode. Episode 1021, July 1st, 2024.
• 1:12:29
  As you guys already know, keep stacking.
• 1:12:32
  Get outside, touch some grass, get a workout in, Call your
• 1:12:36
  mother or your father or your sister, brother, loved ones,
• 1:12:39
  make sure your relationships are strong.
• 1:12:41
  This is how we win. And on that note, I will be back
• 1:12:44
  tomorrow and Wednesday hosting the show.
• 1:12:48
  Nico will be back on Thursday. But same simply Bitcoin signal.
• 1:12:52
  We love you guys. Smash the like button, share,
• 1:12:54
  subscribe, all that good stuff. Until tomorrow.
• 1:12:57
  I hope you guys have a good day. Peace out.
• 1:13:03
  It was brought to you by bitcoinwell.com on a mission to
• 1:13:06
  enable independence.