Latest / Simply Bitcoin / SEC Delays Spot Bitcoin ETF Including BlackRock | EP 815

Transcript

SEC Delays Spot Bitcoin ETF Including BlackRock | EP 815 · Simply Bitcoin

• 0:07
  It's. All going to zero against
• 0:09
  Bitcoin. It's going up for everyone.
• 0:19
  You're against Bitcoin. You're against freedom.
• 0:23
  Yo, we're going to simply Bitcoin live.
• 0:25
  We're number one source for the peaceful Bitcoin revolution
• 0:26
  because breaking news culture, Matic Warfare.
• 0:28
  We will be your guide through the separation of money and
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  state. The SEC delays, the Bitcoin spot
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  ETF once again. Is it really surprising?
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  I don't think so. I was talking about this on
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  Simply Sessions last night on the BTC Sessions channel, which
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  we also stream on the Simply channel as well.
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  At what point do you believe that Gary Gensler's motivations
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  are political? We know what was happening with
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  so the so-called operation shook point 2.0, which is according to
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  the people that were, you know were were reporting on this
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  theory. Which is the idea that the US
• 1:02
  government was trying to is isolate the traditional
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  financial system from the Bitcoin and alcoin industry.
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  Now obviously you know you guys know how we feel about that on
• 1:13
  on Simply Bitcoin, We've had Caitlin long come on the show.
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  She said it not us that her bank was denied a federal banking
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  charter, which would make her competitive on a national level
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  bankingwise. And she said that that order
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  came directly from the White House.
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  We also know, based on the numerous reports, whether it's
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  the Presidential economic report released by the White House.
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  Whether it's a report that was released by the US Treasury, how
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  the by administration feels about the Bitcoin and Allcoin
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  industry. How they want to push forward a
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  central bank digital currency. How in their eyes there is a
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  necessity for a central bank. And how they're big fans of a
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  central bank digital currency. And then coincidentally, around
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  the same time that this is happening, the American version
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  of a central bank digital currency was officially launched
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  called the Fed. Now, now they're saying that
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  it's not a central bank digital currency, but I don't really
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  trust them. So how long are they going to be
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  able to delay the spot Bitcoin ETF?
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  I don't know. But Michael Saylor was tweeting,
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  you know, in celebration about. How Grace Grayscale won the
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  lawsuit against the SEC, and I guess that's a step in the right
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  direction. Look, as a Bitcoiner, I'm
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  divided about the ETF for two reasons.
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  I think it's it's definitely going to be positive for the
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  price, but it also could lead to Rehypothecation.
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  This is something that we've covered in depth.
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  I had an episode with Lawrence Leppard and Caitlin Long
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  covering this particular subject.
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  And yeah, look, I and I and I had this, I had a tweet pinned
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  to the top of my profile for the longest time, and it basically
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  said that if enough people take self custody, we'll win this
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  thing and there's nothing they can do about it.
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  So the dangers of a spot Bitcoin ETF is people get very
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  comfortable, They open the Charles Schwab account, they
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  open the Robin Hood account, and they're like, look, I bought
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  Bitcoin, that's it. But they're not really
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  benefiting from the value of Bitcoin, the value of self
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  sovereignty, and that's how things change.
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  So anyways. We're gonna cover all the
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  articles. We're gonna get into all the
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  details. Gonna be a great show.
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  It is Friday. The weekend is about to start.
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  But before we start the show and welcome our very special guest,
• 3:28
  a fellow YouTuber make some great content.
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  Kinetic Finance. How you doing buddy?
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  Thanks man. Doing super excited to get into
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  the deets with you. Welcome to the show and of
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  course, my legendary coast. Always optimistic look.
• 3:40
  He has a giant smell on his face, starting it off.
• 3:44
  The the the buttons unbutton more as the week progresses.
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  Hey, I'm leaning into Casual Friday.
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  I hear Normies work Casual Fridays.
• 3:53
  We have their jobs. If we had a Saturday show and
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  please let us know the comments. Well, people couldn't see below
• 4:01
  your waist, so I'm. In boxers right now.
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  I'm not Opti would be without a shirt on the Saturday and then
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  the Sunday show. I don't, I don't even, I don't
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  even want to talk about that. But anyways, what are you going
• 4:12
  to talk about during? The culture, well, we got, we
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  got a special guest man. We're going to talk and double
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  down on the idea of being Bitcoin content creators and you
• 4:20
  know, get into a rabbit whole story.
• 4:21
  Everyone loves some of those, but we got a fellow YouTuber out
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  here, so let's let's double down and maybe.
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  Spread the signal on why we have dedicated our lives to spreading
• 4:31
  the Bitcoin signal. Hey, it's still a grind out
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  here, guys. This is life's casual Friday.
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  It's still a job, man. It's still a job.
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  It is a rare. It is.
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  It's like a rare Pokémon. The Bitcoin only Youtubers are
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  very, very very rare. They don't.
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  There's a lot of alt coiners, there's a lot of macro Youtubers
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  and and you know what like? I hate bashing on fellow content
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  creators, so I'm not gonna bash on any of them.
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  But Bitcoin only maxi content creators.
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  There's not that many of them. So I'm macro LARP from time to
• 5:04
  time. I think he's gonna need it a
• 5:05
  little bit. All right, guys, we're changing
• 5:07
  the show. It's just gonna be me and Opie
• 5:09
  today. I'm just kidding.
• 5:12
  But but no. Yeah, dude, he he.
• 5:14
  If you guys haven't checked out his channel, check it out.
• 5:16
  Kinetic Finance. You make some awesome vertical
• 5:18
  videos. And he has some other content as
• 5:20
  well. He's released some films which
• 5:21
  are pretty cool as well. Anyways, guys, no more delay.
• 5:24
  Let's jump straight into into the show.
• 5:26
  We have a lot to talk about today.
• 5:27
  Let's check it out. The Bitcoin numbers.
• 5:32
  Is your Bitcoin and cold storage really secure?
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  All things that paper is. Not allowing you to huddle your
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  Bitcoin with Peace of Mind for the long haul.
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  Stamp your seed on stamp Seed. All right guys, I made it easy
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  for you. You could literally scan the QR
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  Simply get 15% off any of their products.
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  And you don't want to put yourself in a position where you
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  not one of the strongest metals on planet Earth.
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  Titanium. So check out Stamp Seed today at
• 6:51
  the time of recording the Bitcoin price is 25,780 stop
• 6:55
  right now. Stop the show.
• 6:56
  Press pause. Stack some sats.
• 6:59
  Anyways, that's per dollar 3879 block height 805,749 blocks to
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  having 34,251 having estimate April 22nd, 2024 Total Lightning
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  network capacity 4680 Bitcoin capacity value 120 million U.S.
• 7:16
  dollars. Realize monetary inflation 1.75%
• 7:19
  the market capitalization. Of Bitcoin $502 billion with a B
• 7:23
  Bitcoin versus gold market cap 3.88%.
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  Anyways what I want to talk about today is look, shit's not
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  doing so hot right now. We played you a video the other
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  day of you know people on TikTok several videos of of just and it
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  was and I I've seen other content creators cover this
• 7:44
  particular subject and they're they're covering and they're
• 7:48
  covering the struggle. And they're saying like, look,
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  this is really effed up. And for our audio listeners I'm
• 7:54
  about to read an article from CNNBC says 61% of Americans are
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  living paycheck to paycheck. Inflation is is still squeezing
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  budgets now you would believe. And Marty Bent covered this so
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  eloquently. The TFTC, Marty Bent's media
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  company, and he's talking about the idea of core inflation.
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  I I don't believe the actual inflation rate, the housing
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  prices in the last couple years alone have doubled, not to
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  mention energy, not to mention food.
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  I I I do not believe the official inflation numbers.
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  And of course the people that are tasked with reporting these
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  numbers also benefit from the traditional financial system.
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  So they're incentivize. To kind of mess with the numbers
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  a little bit before we went on air, Kinetic Finance was
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  actually talking about something very interesting that the Biden
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  administration was doing. So we'll get to that in a
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  second. But first, let's read what what
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  TFTC had to say 61% of Americans are living paycheck, paycheck.
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  CNNBC is telling people, quote relief is on the way because
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  core inflation was only up .2% in June and July.
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  Core inflation is currently hovering at 4.65%.
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  And is underreported. It doesn't seem like relief is
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  on the way. And mind you like just if
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  inflation gets back down to that like 2% magic number that
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  central I'm excuse my language magically pulled out of their
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  asses because they can't even answer why 2% inflation.
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  Jerome Powell had no good answer to that.
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  He was like it's just the common consensus.
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  I guess it's a good idea. 2% theft.
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  Yeah, OK, I guess. Anyways.
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  It's much more than this. It's much more that's being
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  reported and better and and and and to be specific, just if
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  prices don't continue to go up as fast, does not mean that
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  they're going to go down to where they were before and that
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  that's the issue here, right? And anyways.
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  I was talking about how a lot of other content creators, like,
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  we're just talking about this issue and they're like, look,
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  this is bad. Like this is going to be a bad
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  recession, this is going to be whatever.
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  Bitcoin is a solution to this. But before I get to that, it's
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  Look, this is a crazy stat too people can't afford.
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  To live. So what do they do?
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  They Max out their credit cards. US credit card debt reaches all
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  time high, exceeds $1 trillion. That is the GDP of a lot of
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  country. I think half the world's GDP is
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  less than one trillion. So it's just an unconceivable
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  amount. But again, this only applies
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  we're solution. We're solution based on this
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  show. That's why we don't like to get
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  into Fiat politics. That's why we don't like to get
• 10:47
  into the red right verse left debates or Democrat verse
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  Republican or liberal verse conservative.
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  Because that's a divide and conquer in my opinion.
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  It's a divide and conquer strategy by politicians.
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  To to get people distracted from what the issue is at hand.
• 11:06
  And the issue is that as long as there's a bureaucratic elite
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  that get that are able to print money for free that everyone
• 11:13
  else has to work for, it steals from the lower and middle
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  classes that don't have the means to save in assets.
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  And everyone else, like the vast majority of people get poorer.
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  But there's a solution to this. The solution to this is Bitcoin
• 11:25
  when you save in Bitcoin when you earn in Bitcoin.
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  Yes, it might be painful. On the years after, you know,
• 11:31
  the years after the parabolic bull run, it might, might suck,
• 11:35
  You actually might be hurting, but on a longer time scale.
• 11:38
  And that's why we always advocate for Bitcoin being
• 11:40
  savings. Life gets cheaper.
• 11:44
  This is something that I've experienced.
• 11:47
  This is something that opti's experience, kinetic finance,
• 11:50
  he's a Bitcoin, or I'm sure that he's experienced this as well.
• 11:53
  Under a Bitcoin standard, things get cheaper, whether that's a
• 11:56
  house, whether that's the cost of living, whether that's food.
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  So Bitcoin is a solution to this and Bitcoin not only is a
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  solution to this, but Bitcoin is just better money in the 1st
• 12:08
  place. And I think as as bit as the
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  price of Bitcoin gets higher and the volatility decreases, you
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  know it will start to transition from a store of value which is
• 12:20
  where it is now to a medium of exchange eventually.
• 12:24
  You know those bitcoiners have been holding bags for 5/10/15
• 12:28
  twenty years. Eventually they're going to want
• 12:30
  to spend their Bitcoin on goods and services.
• 12:34
  So Bitcoin is the solution to this problem.
• 12:39
  Not only by being a, you know, an immediate solution to people
• 12:42
  that you don't want to start saving in Bitcoin and they'll
• 12:45
  start to see the benefits over the long term.
• 12:48
  But but it's actually a solution in terms of this.
• 12:50
  It's just better money. Like if we replace, I don't
• 12:53
  think it's ready infrastructure wise, technology wise, but.
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  Eventually, you know, if we want Bitcoin to become the global
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  reserve currency and it eventually if it does replace
• 13:02
  the US dollar, I think the world would be a much better place for
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  it. The issue is Fiat money like
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  that is the main issue. This is something is a website
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  that we've referenced many times on simply Bitcoin.
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  What? That happened in 1971,
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  literally. A lot of these problems started
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  happening around the same day and this around that same year.
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  And what was that same year. That that year was the year that
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  Richard Nixon took the US dollar off the gold standard.
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  It allowed the US government to print an unlimited amount of
• 13:34
  money, no check whatsoever. And there was unintended
• 13:38
  consequences to that. And a lot of the, a lot of the
• 13:42
  societal degradation that we see today, I fundamentally believe.
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  Is due to that single decision. That I think was an inevitable
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  decision because the Romans did the exact same thing.
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  They debase the currency. Look, I don't blame the the
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  government. I I don't blame the the
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  benefactors of the Fiat system. I don't blame the Romans for
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  doing that. If you had this power, this
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  godlike power of being able to create money for free, that the
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  rest of the you know, the the rest of everyone has to work
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  for. Are you trying to tell me that
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  you would be able to resist that temptation?
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  Or maybe you individually would be able to resist that
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  temptation, but the people around you would be able to
• 14:23
  resist that temptation? Bitcoin is rules without rulers.
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  It doesn't matter who you are. You have to buy, earn or mine
• 14:30
  Bitcoin, just like everyone else.
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  And what that does in the long run is that it creates a Society
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  of aligned incentives. Anyways, back to this website.
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  Growth and productivity. Hourly compensation since 1948.
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  Something happened in 1971. What the F happened in 1971?
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  Compensation barely grew for audio listeners.
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  It went from 90.84% to 115% even though productivity, the amount
• 14:55
  of work has gone up to 146%. Real GDP, real wages, trade
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  policies. It's the same thing like this
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  website just pointed out for some reason.
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  It's literally happened around this same day.
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  Something happened, right? Real GDP per capita, media, male
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  income around 1971. Something happened, right?
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  And it just keeps going and going and going and going and
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  going and going. This is startling. 1971 Cost of
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  living New house $25,000, Average income $10,000.
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  New car $3560.00 so of course you know this is this isn't
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  adjusted for inflation. It'd be a lot more expensive
• 15:39
  today. But take a look at the average
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  income. The average income was 10,622
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  dollars. New house was $25,000, meaning
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  took took you roughly 2 years and wages to buy house roughly
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  give or take. That's definitely not like it is
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  today. So what the F happened in 1971,
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  Richard Nixon took us off the gold standard.
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  The the experiment of Fiat money began and I think society began
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  its slow degradation of which we're reaching this, we're
• 16:11
  reaching the pinnacle of it. Some people theorize that they
• 16:14
  call it the 4th turning. I truly believe in that theory.
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  I truly believe that we're going through this crazy moment in in,
• 16:22
  you know, in world, in U.S. history.
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  But I think that this time we have a solution.
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  We have a way to opt out of the madness.
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  We have a life raft, so to speak, and that life raft is
• 16:33
  Bitcoin. So anyways opt, I want to get
• 16:34
  your take and then we'll move on to Connecticut.
• 16:36
  Well, actually I'd like Kinetic to jump in and tell us those
• 16:40
  that story that we were talking about earlier.
• 16:42
  I think it'd be fitting to get it in right now, Yeah.
• 16:46
  So right now basically in you know economics data that comes
• 16:51
  out of the White House by an administration whatever, they
• 16:54
  release non farm payroll numbers which basically any payroll
• 16:57
  that's not like agricultural job and essentially after a month
• 17:01
  they'll release you know whatever number they have and
• 17:03
  then months later they'll revise those numbers as they get more
• 17:06
  data. And so in the history of them
• 17:08
  releasing non farm payroll numbers, generally what they'll
• 17:11
  have is, you know, a revision every now and then for the last
• 17:15
  12 months they have heavily revised the non payroll numbers
• 17:19
  or the non farm payroll numbers almost every single month.
• 17:22
  And I don't know if I can like bring up a tweet here.
• 17:24
  I can I can send a link, maybe the chat or something?
• 17:28
  Private chat, private chat. I'll pull it up.
• 17:30
  How do I where we go? Cool.
• 17:34
  So Zero Hedge here has a tweet. We're basically in June of 2023.
• 17:39
  They originally reported that they had about 209,000 jobs
• 17:43
  added to the non farm payrolls. A month later they revised it
• 17:47
  downwards to 185,000 jobs. And then two months later it's
• 17:51
  now 105,000 jobs. And so this is completely
• 17:54
  unreported, but you're talking about a 100% overestimation of
• 17:58
  how many jobs or payrolls were created.
• 18:01
  And this has been happening month over month over month this
• 18:04
  year. And there's no material
• 18:06
  reporting on it whatsoever, not on the mainstream media, not
• 18:09
  even on like the Wall Street Journal, the finance media,
• 18:11
  nothing on it. So you're seeing complete
• 18:14
  manipulation of data completely swept under the rug.
• 18:17
  You can't take these unemployment numbers at all at
• 18:20
  face value. I think they're completely
• 18:22
  skewed and incorrect. And meanwhile you have, you
• 18:24
  know, I don't want to get too political, but like, Biden's
• 18:26
  going around more so than most presidents going around with his
• 18:29
  own coin. Phrase of Bidenomics.
• 18:31
  Bidenomics is a lie. The data proves it.
• 18:34
  So yeah. That's crazy, man.
• 18:39
  I mean like I just, I you know and again my nature gets
• 18:45
  political, right when you say that type of statement, like
• 18:47
  obviously people that are that are fans of Biden and whatever
• 18:51
  and what we try to do on some of the Bitcoin is look.
• 18:56
  All of this is a symptom of Fiat money.
• 18:59
  It all kind of just boils down to that.
• 19:02
  So I, I, I just don't think that you know whether they're skewing
• 19:07
  the number and of course they're incentivized to do that.
• 19:09
  They're incentivized to do that. They remain in power like, you
• 19:12
  know, they I, I, I, I, I don't think things will get better
• 19:16
  until, you know, you see the separation of money in state
• 19:19
  like I I just don't think so. And I and again I don't think
• 19:22
  it's a coincidence that the country that has been able to do
• 19:25
  that, which is El Salvador, right, they made Bitcoin legal
• 19:28
  tender. They they fix the base layer of
• 19:30
  society. I don't think it's a coincidence
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  that the president that was elected is actually doing the
• 19:36
  things that he was elected to do and you know, happens to be one
• 19:40
  of the most popular presidents on planet earth. 90 plus percent
• 19:44
  approval rating. So anyways, that's my 2 Sats on
• 19:47
  that Opti. What's your?
• 19:48
  Yeah, and you know, saying everything that we said and not
• 19:52
  to like go over all that stuff, We say it all the time on the
• 19:54
  show, man. It's becoming very obvious that.
• 19:58
  Governments, the institutions out there, the central bankers,
• 20:02
  they market Bitcoin better than any of us could ever market
• 20:05
  Bitcoin because humans need to feel that pain.
• 20:08
  And unfortunately, you know, everyone is starting to feel
• 20:11
  that pain. And you know, we we woke up a
• 20:14
  little earlier than everyone else.
• 20:15
  We we understood that there was a problem before other people
• 20:18
  and hence why we're bitcoiners. Hence why we've been stacking
• 20:21
  for however long our Bitcoin journey has been.
• 20:24
  But we're getting to that point now where the average person is
• 20:27
  starting to feel that pain and we're like, you know, the the
• 20:31
  classic mean frogs in in slow boiling water.
• 20:34
  And right now you're getting to the point where people are like,
• 20:36
  wait, like the water is getting warm here, like what is going
• 20:39
  on? And again, like, I think most
• 20:42
  people know that there is a problem.
• 20:45
  And I like to say most people know like what the problem is.
• 20:48
  But again, if you ask a normal person what like what's going on
• 20:52
  with the money system, what's going on with finance, how the
• 20:54
  economy works, they still have no idea what's going on.
• 20:58
  So there is some quote UN quote experts out there that know what
• 21:00
  the problem is. But again I like even uh, even
• 21:04
  even Julian the Kinetic finance was telling us like, yeah, he
• 21:07
  did. He did a video that's like I
• 21:09
  guess coming out and and he was asking people on the streets,
• 21:12
  adults and they have no idea what's going on with money.
• 21:15
  They have no idea what's going on with the economy.
• 21:17
  And I obviously that is by design.
• 21:19
  But once you start feeling that pain, once you start to see
• 21:23
  that, hey, what do you always say Nico?
• 21:25
  Like you cannot hide the sticker price in the markets.
• 21:28
  And it's like, once people start to wake up to the idea of like,
• 21:32
  wait, why is my $100 not buying me as much as it used to?
• 21:35
  Like, how come I'm getting less what?
• 21:37
  Like this shrinkflation meme going on in the world?
• 21:40
  Like you're you're like, wait, my candy bar was bigger, why am
• 21:43
  I getting less for my $2.00 at the store?
• 21:46
  People start to wake up to this idea.
• 21:48
  And of course, like, you need to feel that pain.
• 21:51
  You know, the human psychologists, it's such a
• 21:54
  strange thing. And especially when it comes
• 21:56
  around money. You know, like most people don't
• 21:58
  really chase pleasure. There's like, you know, there's
• 22:01
  two sides of this. You either chase pleasure or you
• 22:03
  avoid pain. And not very many people are
• 22:06
  incentivized by chasing pleasure.
• 22:08
  They're incentivized by avoiding pain.
• 22:10
  And so we're in this point right now where people are feeling the
• 22:13
  pain, or at least starting to, you know, like maybe feel a
• 22:15
  little bit of pain and they're starting to wonder what's going
• 22:18
  on. And even even if you ask like
• 22:20
  your family and friends, man, everyone is kind of waking up to
• 22:24
  the idea like, holy shit, like there's something wrong right
• 22:26
  now and again. This is why us bitcoiners, This
• 22:29
  is why as Bitcoin content creators are doing this every
• 22:33
  single days, because look, we understand there's a problem.
• 22:36
  We understand that most people don't know what the problem is.
• 22:39
  And so we have dedicated our every waking moment to try to
• 22:43
  wake people up so that they can help themselves.
• 22:45
  Because obviously we don't want to see our friends and families
• 22:48
  get hurt. We don't want people to go out
• 22:50
  there and get wrecked. And we noticed that the powers
• 22:53
  that be have lost control of not only the money supply, but of of
• 22:57
  the information out there. And so we have an opportunity
• 23:00
  right now to fix this wrongs. As my boy Mike Hobart says, you
• 23:04
  know, the cacophony of wrongs is being righted right now.
• 23:07
  And it seems like everything is effed up right now.
• 23:09
  You know, it seems like everything is upside down.
• 23:11
  What's wrong is right, what's right is wrong.
• 23:14
  And we fundamentally just double down on the idea.
• 23:17
  Like we need good money, Fix the money, fix the world and
• 23:20
  everything else will, will follow.
• 23:21
  And so we're at that point. And and again, I keep thinking
• 23:24
  of that song that went viral, Oliver Anthony's song, You know,
• 23:28
  if you say what you want about country music, three chords and
• 23:31
  the truth or whatever, but it wouldn't have gone viral if
• 23:35
  there wasn't some sense and semblance of truth that other
• 23:39
  people were relating with it. And like, that's where we are
• 23:42
  right now. Like that is, you know, a
• 23:45
  zeitgeist of the moment right now is people are feeling the
• 23:48
  pain, people are wondering what the hell is going on.
• 23:51
  And you have the solution. So, you know, go out there, be
• 23:54
  tactful, be smart and spread that, spread the signal to
• 23:57
  people because hey, I don't know about you, but I don't want
• 23:59
  everyone else around me to be broke.
• 24:01
  Like, I want people holding money that it doesn't steal from
• 24:03
  them. Like, why are we forced to use a
• 24:05
  money that steals from us? It's a very simple question and
• 24:07
  yet most people don't understand what's going on in the world.
• 24:10
  And you can tell all the numbers are showing that like, hey,
• 24:13
  there's something wrong and instead of doubling down and
• 24:16
  doing and continuing down the wrong path, all you have to do
• 24:20
  is save and Bitcoin, take Bitcoin into self custody and
• 24:23
  protect yourself. It's a very simple process like
• 24:26
  they're not going to protect you guys, protect yourself by saving
• 24:29
  in something that is hard, that cannot get the base.
• 24:31
  And of course that is Bitcoin. Guys.
• 24:33
  Like This is why we tell you guys to constantly have these
• 24:36
  conversations. But of course, don't be
• 24:37
  unbearable. Make sure that that you're not
• 24:41
  just being obnoxious because you don't want to turn people away.
• 24:45
  Like we want people holding Bitcoin.
• 24:47
  And so always constantly iterate on how to get people to be a
• 24:51
  bitcoiner. Yeah, jump in, bro.
• 24:53
  I got something to iterate on because I deal with this
• 24:56
  challenge all the time as I've tried to orange pill people.
• 24:59
  And that's essentially where do you meet people basically?
• 25:03
  Because when you're introducing Bitcoin to someone, it's kind of
• 25:06
  easy to just say just buy some bro and then learn everything
• 25:10
  else. And then there's the other side
• 25:12
  of it, where I think you really have to change as a human being
• 25:14
  if you wanna even a shot at understanding Bitcoin.
• 25:17
  And I've really kind of like dove into this in my recent
• 25:19
  video that essentially the only way you can appreciate or
• 25:21
  understand Bitcoin if you're just coming at it, being
• 25:24
  yourself, whatever that is. Maybe you'll get it, maybe you
• 25:27
  won't. But I think everyone needs to
• 25:29
  have two major elements to really get Bitcoin, and that is
• 25:33
  curiosity. You have to become a naturally
• 25:35
  curious person. If you are slanted towards
• 25:37
  pushing a specific bias, whether it's left, right or whatever,
• 25:40
  and you're not open minded, you're not going to get Bitcoin
• 25:42
  no matter what you buy it at or whatever.
• 25:44
  Your mental block will prevent you from understanding all the
• 25:47
  things we're talking about from this show.
• 25:49
  So you have to be naturally curious and open minded to even
• 25:52
  get it in the 1st place. And I say like that's almost the
• 25:54
  first step we need to instill in people before we just tell them
• 25:57
  to buy Bitcoin is, you know, start being more open minded to
• 26:00
  things, look at different sides and a lot of people have, you
• 26:03
  know, because of COVID and all this stuff, people are changing
• 26:05
  their political leanings all the time, a lot more than probably
• 26:07
  any other time in history. The second part of it too is
• 26:10
  humility. And and you know, Matt Odell
• 26:12
  says it's like Stack Sats and stay humble, but this is
• 26:15
  something that you know a lot of people aren't.
• 26:18
  You know, readily willing to admit they're not wanting to be
• 26:21
  humbled. And I deal with this all the
• 26:22
  time because I put out videos on WTF happen in 1971.
• 26:27
  They're they're my most popular videos.
• 26:29
  I do this all the time where I'll say like you know quick
• 26:31
  summary, 20 seconds. You know, delinking, you know
• 26:34
  the dollar from gold closing the gold window.
• 26:36
  These are all of the 2nd order effects.
• 26:38
  The number one comment I get from people despite the videos
• 26:41
  going viral. The number one comment in my
• 26:42
  comment section is correlation isn't causation.
• 26:45
  They're, they're just. Flat out now, they're just like
• 26:47
  you're just bringing up random stats.
• 26:48
  Has nothing to do with money. You haven't made the link and
• 26:51
  sure, it's like a 62nd video I can't do everything in 60
• 26:54
  seconds with. The idea is to at least get
• 26:55
  people thinking, but there are people right out the gate and
• 26:58
  they're popular comments and they just say correlation isn't
• 27:00
  causation. Prove it, bro.
• 27:02
  I'm not even going to dig deeper into this and I think you have
• 27:05
  to get. Like comment back, like have fun
• 27:08
  staying poor. That's, you know, it's cute when
• 27:12
  people say that, right? But I just like that's not,
• 27:14
  that's not the way, you know, like I I don't believe that
• 27:18
  everyone has to basically go through some traumatic
• 27:21
  experience to get Bitcoin. And I understand that's
• 27:23
  basically how all bitcoins have been formed.
• 27:25
  We woke up. We went down this rabbit hole.
• 27:27
  Our world was shook. Michael Saylor.
• 27:29
  You know how to watch his 500,000,000, like, start burning
• 27:32
  away after COVID and then he finally did the digger Deeping.
• 27:34
  But. Deeper digging.
• 27:36
  I think that there's a different way to to reach out to people
• 27:39
  and I'm not sure what it is. But it would be really
• 27:41
  frustrating if essentially everyone has to come into
• 27:45
  Bitcoin, the peaceful revolution from being absolutely shook up
• 27:49
  instead of you know, finding it through some creative learning
• 27:52
  process, being stealth orange pilled, things like that.
• 27:56
  I don't know what you guys think, but I just it's it's
• 27:58
  frustrating to me that essentially the waves of
• 28:00
  bitcoins we get, they always come out of like shock and
• 28:02
  trauma. And it's almost like we don't
• 28:04
  have enough time to get the proper education.
• 28:06
  We have to like, you know, always be just rattling people,
• 28:09
  you know, grabbing their shirt collars and saying, like wake
• 28:12
  up, wake up. I think there's a better way to
• 28:13
  do it. And I hope there's another way
• 28:15
  to do it. But yeah, that's just.
• 28:17
  Yeah, I mean, yeah. And you know, I, I, I, in my
• 28:22
  opinion, I could be wrong. I wish there was.
• 28:24
  I just think that, you know, doing this for quite a long
• 28:27
  time. I think that people are are they
• 28:33
  love convenience and I think Bitcoin is inconvenient.
• 28:37
  And I think that the dollar or the Canadian dollar or the
• 28:41
  equivalent or, you know, currencies that have relatively
• 28:45
  stable, they're relatively stable.
• 28:47
  They don't have these crazy inflation rates.
• 28:50
  People are comfortable. The bread and circuses are
• 28:52
  strong and Netflix and chill are strong.
• 28:54
  The Uber Eats is strong. You could just literally open an
• 28:57
  app on your phone and get whatever you want delivered to
• 28:59
  your house. Like, basically instantaneously.
• 29:04
  So people are distracted and I think that people don't start
• 29:07
  asking questions until something breaks.
• 29:09
  And I think that's why I'm so bullish on Bitcoin adoption and
• 29:12
  develop in the developing world, or how Jeff Booth calls it the
• 29:16
  global S because over there, people are adopting Bitcoin not
• 29:21
  out of speculative reasons or ideological reasons like we are
• 29:24
  in the developed worlds, but out of necessity.
• 29:28
  And I and I just like, you know, one of the things that Natalie
• 29:31
  Brunell asked Michael Saylor on one of on the One of the Coin
• 29:36
  Stories podcast, like what keeps you up at night?
• 29:38
  That was a question she asked Michael Saylor.
• 29:40
  And Michael Saylor responded with people just don't care
• 29:45
  about sound money. And I and I've seen it, you
• 29:48
  know, like, you know, whether it's my family and friends, my
• 29:51
  only, my girlfriend only really started to care.
• 29:54
  Once number go up, started doing its thing and then all of a
• 29:56
  sudden she's a hardcore bitcoiner.
• 29:57
  But for the first three or four years she didn't give a flying F
• 30:01
  Now she's like, oh this is great good idea.
• 30:03
  Oh money good, right. But but in, you know in in the
• 30:07
  first couple of years, you know you you got a lot of shit, like
• 30:10
  you're a maniac. This is stupid.
• 30:11
  You're taking a big risk, right. It's only if you look back in
• 30:15
  hindsight and you know, like, wow, I I think I made the right
• 30:18
  decision anyways. All right, everybody, let's move
• 30:22
  on to the news. We got a lot to talk about.
• 30:24
  Let's check it out. No, but before we get that and
• 30:26
  before we get there, want to give a shout out to our sponsor,
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• 30:58
  to the news. We got a lot to talk about.
• 31:00
  Let's check it out. The Daily News.
• 31:08
  Alright guys, I also want to give a shout out to our other
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• 31:14
  decentralized revolution. The great Tatum turn up once
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  Evangelism. Anyways, what I want to talk
• 32:17
  about today is a little bit of an update.
• 32:19
  Well, it's also not surprising I did you guys see that too on
• 32:23
  Twitter, which is like there's like these Bloomberg Arnold
• 32:25
  analysts started giving a percentage of like how long I
• 32:28
  like. What the percentage was of a
• 32:30
  Bitcoin spot ETF being approved in like 2023?
• 32:33
  And it was like 75%. Ninety 1%.
• 32:35
  The price of Bitcoin literally pumped like like it pumped a
• 32:38
  crazy around and went from like 25,800 to like 28,000.
• 32:43
  When Grayscale won the news, it's Bright came right back
• 32:47
  down. And here's this coin desk
• 32:49
  article that kind of covers the details.
• 32:51
  So it says SEC delay spot Bitcoin ETF decision for all
• 32:54
  applicants, including BlackRock, Fidelity, the US Securities
• 32:58
  Exchange Commission. SEC has delayed until October,
• 33:02
  making a decision on all the spot Bitcoin exchange traded
• 33:05
  fund applications filed by applicants including BlackRock,
• 33:09
  Wisdom Tree, Invesco, Invesco, Galaxy, Wise Origin, Van Irk,
• 33:13
  Bitwise, Valkyrie Digital assets earlier this year, according to
• 33:17
  agency filings on Thursday. Thursday, already down sharply
• 33:19
  on the day Bitcoin fell further on the news, now off 4.1% over
• 33:24
  the past 24 hours to 26,100. The SEC began reviewing the
• 33:29
  latest slate of applications from both crypto heavy and
• 33:32
  traditional financial firms like Wise Origin, Fidelity,
• 33:35
  BlackRock, Invesco, Galaxy last month.
• 33:38
  The applicants hope to launch the first Spot Bitcoin ETF,
• 33:41
  which advocates have argued would allow for greater retail
• 33:43
  investment in the Bitcoin space while saving investors from the
• 33:46
  trouble of setting up a wallet. Or having to buy Bitcoin
• 33:49
  directly. Those last two lines are so
• 33:54
  freaking malicious. Remember what I was talking to
• 33:56
  you about? Convenience.
• 33:57
  Okay. The trouble of setting up a
• 34:00
  wallet. The trouble of having to.
• 34:02
  God forbid you'd have to buy Bitcoin directly.
• 34:05
  God forbid you'd have to take self custody.
• 34:07
  That is so bad. Like.
• 34:09
  Oh man, oh man. But look it is what it is for
• 34:14
  retail investors. I disagree.
• 34:16
  Like I I think it's so easy to just, you know literally
• 34:19
  download the Swan app go to swan.com you know set a set it
• 34:23
  and forget it DCA plan. You know, like no, I I disagree.
• 34:29
  I I just, I fundamentally disagree.
• 34:31
  But just the the the way they framed it, I think it's just,
• 34:35
  you know, it's just crazy to me. Anyways, this article came out
• 34:38
  from the Wall Street Journal. It's titled The Fidelity Mafia
• 34:42
  behind Big Crypto. The mutual fund powerhouse was a
• 34:46
  Bitcoin pioneer and built a deep talent pipeline for the
• 34:49
  industry. So I thought a lot of the things
• 34:51
  that I read in here was interesting.
• 34:52
  It is quite a long article. I don't know if half the time to
• 34:55
  read the entire thing. But anyways, it goes on to say
• 34:57
  some of the most predominant players in the digital asset
• 34:59
  industry cut their teeth at the same place, Fidelity
• 35:02
  Investments. A story to mutual fund
• 35:05
  powerhouse Fidelity is a cornerstone of the traditional
• 35:07
  financial system that the founders of Bitcoin and other
• 35:10
  crypto currencies intend to disrupt.
• 35:12
  Yet the 77 year old company became a Bitcoin pioneer in
• 35:15
  2014, mining the token. I hate that word when it was
• 35:20
  trading around $400.00. It encouraged employees to
• 35:23
  experiment with blockchain technology and developed and
• 35:26
  developed new products. That led to the launch of its
• 35:28
  crypto business and. Unit 4 years later.
• 35:32
  Along the way it built a deep talent pipeline for the
• 35:35
  industry. Fidelity eventually grew wary
• 35:37
  about expanding too quickly in an unproven field, causing some
• 35:40
  of the earliest employees to depart.
• 35:42
  The caution may ultimately prove wise.
• 35:45
  Regulators have waged a crackdown on the crypto
• 35:47
  industry. After a string of highprofile
• 35:49
  company failures last year that culminated in the collapse of
• 35:52
  FTX, the SCC recently sued by Nesting Coinbase, 2 of the
• 35:56
  largest crypto exchanges for offering unregistered
• 35:58
  securities. And again.
• 36:00
  What I want to what I want you guys to focus on is how they
• 36:03
  commingle crypto versus Bitcoin. I'm seeing Bitcoin coming out of
• 36:08
  Fidelity, but they're sprinkling in the word token, sprinkling in
• 36:12
  the word blockchain technology, all of that stuff.
• 36:15
  So it's just interesting how they commingle the two.
• 36:19
  And that tells me that we're early, I guess.
• 36:20
  Anyways, it goes on to say. And despite a rebound in prices
• 36:23
  in 2023, Bitcoin is hovering around 26,000, well below its
• 36:27
  highs from two years ago. The industry has lost 10s of
• 36:30
  thousands of jobs since the beginning of last year, and
• 36:33
  skeptics questioned its future role in finance after the
• 36:35
  downfall of Sandbankman, Freed and other leaders who were once
• 36:39
  considered crypto visionaries. Yeah, a crypto visionaries.
• 36:42
  Anyways, Fidelity's Crypto Lumina alumni group features
• 36:47
  venture capitalists, heads of research, and startup founders.
• 36:50
  They playfully call themselves the Fidelity Mafia, much like
• 36:53
  the PayPal mafia who went on to launch their own technology
• 36:58
  companies. The group includes Alex Thorne,
• 37:00
  head of the firm wide research at Crypto Financial services
• 37:04
  Galaxy Digital, Jurek Bolvik, head of Mining at Bitcoin miner
• 37:09
  Foundry, which is massively massive that I think they they
• 37:13
  have a huge percentage of the hash rate.
• 37:15
  Matt Walsh, founding partner at crypto venture firm Castle
• 37:19
  Island Ventures, and more than a dozen others quote There are a
• 37:23
  lot of us that have worked on crypto for so long because
• 37:26
  Fidelity has worked on crypto much longer than any other
• 37:28
  traditional financial firm. Championed by chief executive
• 37:33
  Abby Johnson, Fidelity's crypto initiative began by trading and
• 37:37
  storing Bitcoin for big investors such as hedge funds.
• 37:40
  They say crypto. They say storing Bitcoin it's
• 37:43
  interesting. Over the following years it made
• 37:45
  crypto more accessible for small investors as well.
• 37:48
  Companies can include Bitcoin. Over the following years they
• 37:53
  made crypto more accessible for small investors as well.
• 37:55
  Companies can include Bitcoin, so it made Bitcoin more
• 37:58
  accessible I guess. But I disagree.
• 38:00
  You can the best way is just to take stuff because it's just
• 38:04
  interesting. I I can't let it go like how
• 38:07
  legacy corporate media just it it they commingle the two.
• 38:10
  And I think that it like it really hurts us on the
• 38:14
  regulatory front. It gives our enemies more
• 38:17
  ammunition because they they they put in SBF in here right.
• 38:22
  They put them in they put in Binance, Binance and F and and
• 38:27
  FTX were were were shit coin casinos.
• 38:30
  I don't know what does have to do with Bitcoin.
• 38:33
  The Bitcoin is doing fine regardless of whether they exist
• 38:36
  or they get those companies existed or not.
• 38:38
  Anyways, Fidelity gives the majority of its 43,000,000
• 38:41
  customers the option to trade Bitcoin and ether.
• 38:44
  Oh, they do have one shit coin in there.
• 38:47
  It wasn't like we were learning about this crazy crypto thing
• 38:50
  with kid gloves on on because we were traditional, said Thorn.
• 38:54
  We took a huge step into it and that made Fidelity an early
• 38:57
  magnet for talent. So a lot of things to unpack.
• 39:02
  What I got to say is, I really think that fidelity.
• 39:07
  Started this, I think that I don't think that BlackRock would
• 39:10
  have jumped in if it wasn't for fidelity being there first and
• 39:14
  then market forces do what market market forces do and then
• 39:17
  of course BlackRock is incentivized to to follow suit.
• 39:21
  We saw a very similar thing. Like just to kind of give you
• 39:23
  guys an example of what I mean by market forces, when PayPal
• 39:28
  and Robin Hood launched the ability for retail to purchase
• 39:32
  Bitcoin on their platforms, initially they didn't give
• 39:36
  retail. The ability to withdraw from
• 39:38
  their platforms. But you had the market leader of
• 39:42
  those specific types of app, which was cash app that did have
• 39:46
  withdrawals enabled and that eventually forced the hand of
• 39:50
  PayPal and Robin Hood to also enable withdrawals on the
• 39:54
  platform. So this is what I mean by fart
• 39:56
  market forces and I suspect this move by Fidelity back in 2014.
• 40:01
  You can even say that fidelity was part of not like the OGOG's,
• 40:05
  but they're still part of the OG's.
• 40:07
  Right. And I think that was a big, I
• 40:11
  think that was a big motivator on on BlackRock getting in the
• 40:15
  game. What I didn't know until this
• 40:17
  article was released and This is why I wanted to read it and
• 40:19
  share it with you guys, is how much of the talent, like how
• 40:23
  much of these people that went on to found these massive, you
• 40:26
  know, crypto and Bitcoin companies came out of fidelity.
• 40:31
  That is absolutely crazy to me. Like Foundry is absolutely
• 40:37
  massive. I think I have to look up the
• 40:40
  numbers of how much of the hash rate they are, but it's a very,
• 40:46
  very big company. Anyways, Opti, what's your take
• 40:48
  on this? Yeah, so I'm gonna go back a
• 40:50
  little bit to the spot Bitcoin ETF's, because obviously I don't
• 40:55
  really care about ETF's. I'm not a fan of paper Bitcoin,
• 40:57
  as we all know. It's probably going to be a lot
• 41:00
  of paper Bitcoin and the fact that the SEC is still basically
• 41:04
  doing the same like low hanging fruit concerned FUD lines of
• 41:10
  like we need more clarity in the market before we can unleash an
• 41:13
  ETF I think is very telling and and I saw a tweet from Preston
• 41:17
  pitch and I don't have it on hand right now.
• 41:20
  But Preston Pitcher was basically saying that the spot
• 41:22
  Bitcoin ETF won't be approved until basically finance gets
• 41:26
  cleaned out, considering so much crazy stuff happening over there
• 41:30
  and it really. And then he asks like a question
• 41:32
  which really makes you think of maybe not just.
• 41:36
  GG in particular, But of all institutions at large, it makes
• 41:41
  you wonder like what Gary Gensler is doing or even any of
• 41:44
  these experts are doing. Like are they really here to
• 41:46
  protect you citizen, or are they the lap dogs for the biggest
• 41:49
  corporations in the world, AKA Larry Fink.
• 41:51
  So it just it it really makes you wonder what the incentives
• 41:55
  are for not only the people at the SEC, but anyone that's in a
• 41:58
  bureaucratic position right now and you know.
• 42:03
  So there's just that, like, I don't know, that's just
• 42:05
  something that that's out for debate right now.
• 42:07
  And the next one, you know on the Fidelity news, it just goes
• 42:12
  to show that the financial world, traditional financial
• 42:16
  world is is shit coins personified.
• 42:20
  And hence why a lot of the people coming out of Fidelity,
• 42:22
  even though Fidelity is kind of, you know, they've been mining
• 42:24
  Bitcoin for a long time. They've they've been in the
• 42:25
  space for a long time. They have to know the difference
• 42:28
  between Bitcoin and Shitcoin. But.
• 42:30
  There's something about when you are a part of the traditional
• 42:33
  financial system that you just think that senior age is an
• 42:37
  inheritability of finance. And so that's probably why they
• 42:40
  embrace shit coins. And that's probably why we will
• 42:43
  see the continuation of shit coin embracement from anyone
• 42:47
  that comes into the space. And all the new players coming
• 42:50
  in, all the new capital will have to go through the same like
• 42:53
  eternal September moment where they like come in like Bitcoin
• 42:56
  is so awesome. Wait, what are these shit coins?
• 42:59
  Oh my God. I can make money on these shit
• 43:01
  coins and then they get right and like I love Bitcoin so we're
• 43:05
  in this for a long long time Nico it's the rite of passage I
• 43:09
  would say anyway so I I would say I was I was telling you guys
• 43:12
  about the percentage of of of foundry is currently 3030% of
• 43:19
  the Bitcoin hash rate so it is is is a massive and and they
• 43:23
  came out of fidelity so they I mean the fidelity crypto Bitcoin
• 43:28
  mafia bro. I thought man that's
• 43:31
  interesting. Anyways, what's your take on
• 43:34
  this kinetic finance? I got a controversial opinion
• 43:37
  and I I'm part of the problem. There's no such thing.
• 43:40
  I'm part of the problem. We keep calling Bitcoin digital
• 43:44
  gold. We have to stop doing that
• 43:46
  because they're doing the exact same gold ETF playbook with all
• 43:51
  this Bitcoin ETF stuff. The whole marketing premise for
• 43:54
  the gold ETF's was, oh it's so hard to get bullying and custody
• 43:57
  and all that. Now you can get these notes and
• 43:59
  you can just get price exposure. You don't have to hold the thing
• 44:02
  and they're going to treat they treat Bitcoin the same way.
• 44:05
  They don't care that it's money, they don't care about any of the
• 44:07
  other functions. They just want to give people
• 44:09
  price exposure. They don't care about any of the
• 44:12
  qualities that made Bitcoin relevant or like purposeful in
• 44:15
  the 1st place, which is that you can be sovereign, you can take
• 44:18
  self custody, all of these things.
• 44:21
  And if we keep feeding into this, as you know content
• 44:23
  creators, marketers that like Oh yeah, it's digital gold.
• 44:26
  Just like huddle it, don't spend it.
• 44:28
  That's going to give just more firepower to the idea that
• 44:31
  Bitcoin is digital gold. And that's all it's good for,
• 44:33
  right. And I'm I'm tired of it.
• 44:36
  I personally, I I I preach what I I preach I when I take
• 44:41
  sponsorship money now I only take in Bitcoin.
• 44:43
  I don't take U.S. dollars anymore unless someone can give
• 44:45
  me a really damn good reason to not pay me in Bitcoin and.
• 44:49
  I spend Bitcoin like crazy in Vancouver, the city that I live
• 44:52
  in. It's probably the most Bitcoin
• 44:54
  friendly city in North America. We have a ton of bitcoiners
• 44:57
  here. You have 40 stores.
• 44:58
  You got restaurants, Barber shops, tanning salons, Airbnb's
• 45:01
  that all take Bitcoin in the city.
• 45:03
  Start treating it more like money.
• 45:05
  Stop using this whole digital gold moniker.
• 45:07
  Because if you do that, the institutions will have more
• 45:10
  power. That's what they want us to say.
• 45:12
  They want us to say. It's this thing that you just
• 45:13
  sit and hold on forever. And I agree with those premises
• 45:16
  as well. Like it is a store of value.
• 45:18
  But if it's only that and it's not money, and we keep saying,
• 45:20
  oh, the medium of exchange stuff will come later, oh, the unit of
• 45:23
  account stuff will come later, you know, we can be waiting like
• 45:26
  50 a hundred years, and by then it can be completely coopted.
• 45:29
  So yeah, I'm against bitcoiners, not trying out all the Bitcoin
• 45:33
  related products. Get a Lightning wallet, start
• 45:36
  using Noster, start zapping. Someone in the comments said
• 45:39
  that. What is sort of like the the the
• 45:42
  big utility moment for Bitcoin? When do people start, you know,
• 45:46
  seeing it like as the killer app of money, as it really is?
• 45:49
  And for me, the most compelling case that I've seen is Zaps.
• 45:52
  And for creators, it's such a game changer.
• 45:54
  Being able to post something on Noster and then literally watch
• 45:57
  Bitcoin stream into one of your lightning wallets, It's a
• 46:00
  massive incentive to use social media in the 1st place.
• 46:03
  It's a massive incentive to use Bitcoin and there's just so many
• 46:07
  ways you can use that as like a market force.
• 46:09
  But. Yeah, bitcoiners like, I get it.
• 46:12
  Huddle. It's good.
• 46:14
  It's a good meme. Have your huddle stack, but use
• 46:16
  the products that people are are pouring in tons of capital to
• 46:19
  develop, support other creators. Spend your Bitcoin, replace it
• 46:23
  if you need to. But really use it as money.
• 46:25
  And don't just parrot this narrative that you just buy it
• 46:28
  and hold it forever and do nothing.
• 46:30
  Doing nothing is a choice. It's not, you know, technically
• 46:33
  doing nothing. You are, you know, still a
• 46:35
  Bitcoin. Or if you don't.
• 46:36
  Spend it, but spend it as well. There are so many cool products
• 46:40
  in the ecosystem, so that's all 100%.
• 46:44
  I love that take. I agree.
• 46:48
  I agree with you that I love Nico.
• 46:51
  Nico, straight up When you get sponsorships, are they paying
• 46:54
  you in Fiat? Are they paying you in Bitcoin?
• 46:57
  Well some pay us in Bitcoin, we prefer to be paid in Bitcoin.
• 47:01
  But there's just some sponsors that are just they don't have
• 47:04
  the they don't have the capability on on their business
• 47:07
  end to to pay us in Bitcoin. So it it really depends on the
• 47:10
  company. Our preference is always, always
• 47:12
  Bitcoin. But some companies just don't
• 47:15
  have that capability unfortunately and and that and
• 47:18
  honestly like the reason for that running a Fiat business and
• 47:23
  running this small Bitcoin media business is that dude it's it's
• 47:27
  very it's it's easy to adopt A Bitcoin standard as an
• 47:32
  individual. It is not easy to adopt A
• 47:35
  Bitcoin standard as a company due to accounting and
• 47:40
  volatility. So that's my, you know, that's
• 47:43
  been my experience so far. But yes, as an individual bro,
• 47:47
  100% I I would want to get paid in Bitcoin every single time.
• 47:52
  But if you have, you know, if, if you have to make, if you have
• 47:56
  to make, you know, if you have to pay people salary and you
• 48:00
  know you have the majority of your treasury and Bitcoin and
• 48:03
  God forbid Bitcoin falls 1025% that month, you're, you know,
• 48:09
  you put yourself at risk, right. So I don't think we're quite
• 48:12
  there yet to run a Bitcoin, a business on a Bitcoin standard.
• 48:18
  I think as an individual, if you have the income coming in, you
• 48:22
  could definitely migrate to a Bitcoin standard.
• 48:24
  I've been on a Bitcoin standard for years, but as a business,
• 48:27
  it's a little bit, it's a little bit more difficult.
• 48:30
  Now that's not to say that you can't have a huge portion of
• 48:34
  your treasury on on, you know on a Bitcoin standard.
• 48:37
  But unfortunately just like how it is, right.
• 48:40
  I like the tax implications, the volatility.
• 48:43
  From my experience, it's just it's just very, very difficult.
• 48:46
  And I've talked to other bitcoiners about this too.
• 48:49
  Vikingo, we were going back and forth in spaces the other day
• 48:52
  and he said the same thing. He was like look like it's just
• 48:54
  it's just the accounting develops and then not to mention
• 48:57
  I we were setting up. So by the way guys, shameless
• 49:02
  plug. But it is our show so I don't
• 49:03
  care. We just drop simply Bitcoin
• 49:05
  merch, scan the QR code on your screen right now you can get
• 49:08
  yourself a shirt or a hoodie. It just dropped.
• 49:12
  They're so fresh and so clean. We pay attention to all the
• 49:14
  details that's made by our boys over at Represent.
• 49:17
  You get yourself a simply Bitcoin merch.
• 49:18
  You got to scan the QR code anyways.
• 49:20
  That being said, it was pretty hard to set up a lightning
• 49:25
  completely sobered. Let's be yeah, like, if you can
• 49:29
  use like Voltage and because Ibex and whatever and they make
• 49:32
  it super easy for you. But to do it on a sovereign way,
• 49:37
  it was very hard. And it's not that.
• 49:39
  I it's not that we're not going to be able to figure out.
• 49:41
  Of course we're going to be able to figure it out.
• 49:43
  But you have to compare it. Remember what I was saying about
• 49:45
  earlier on in the show about convenience, right?
• 49:47
  You have to compare it to what most people are willing to go
• 49:51
  through. And the reality is that it is
• 49:54
  extremely easy with all the platforms to to set up a
• 49:58
  storefront and start accepting Fiat money.
• 50:01
  Okay. It is not very easy and
• 50:04
  intuitive to set up a Bitcoin storefront the right way and
• 50:09
  start resetting Bitcoin payments Now BTC pay server makes it
• 50:12
  extremely easy and on chain is pretty easy, but Lightning is
• 50:15
  not as easy right now. It doesn't mean that we're not
• 50:18
  going to get there. Obviously Fiat and the
• 50:21
  traditional financial system has decades and decades and decades,
• 50:25
  decades head start on on Bitcoin, but that's been my
• 50:29
  experience as a business owner. That's what I've experienced
• 50:33
  personally, that's what I've seen.
• 50:34
  I don't know what your take is on that, Kinetic.
• 50:36
  Yeah, I I, I agree for institutions it's really hard
• 50:39
  like if you have a multinational company to the the tax laws and
• 50:42
  the treatments change like you have a headquarter in El
• 50:44
  Salvador where they treat it like legal tender and then one
• 50:46
  in America and you're accepting payments from both.
• 50:48
  It's a nightmare. But I do think like my, my, my
• 50:52
  point is more targeted at the individual.
• 50:54
  You know, I think individually as bitcoiners we can be doing a
• 50:58
  lot more to use and support Lightning native and and Bitcoin
• 51:02
  native products and accepting it in our day today.
• 51:05
  I get it that, you know, will those things cause a revolution?
• 51:09
  No. But we are going to fight an
• 51:11
  infowar with these massive institutions that the only thing
• 51:15
  they care about is basically relabeling this goal 2.0 and
• 51:19
  that's such a shame to me it Bitcoin is so much more than
• 51:22
  that. And I just think, like as
• 51:24
  bitcoiners, if we just keep parroting the same narratives
• 51:26
  from 2020. They will end up winning.
• 51:29
  That's what they like. And yeah, I just like, I'm all
• 51:32
  for as an individual. Just start spending it.
• 51:34
  Support Bitcoin creators, try Noster if you haven't, man.
• 51:38
  Like, I was so against Noster for the longest time because the
• 51:41
  clients were so awful on my phone and it was like draining
• 51:45
  battery life and the web client suck.
• 51:46
  It gets better and better at such a quick pace and I'm
• 51:50
  posting shorts on there and I'll post a short.
• 51:52
  I'll go to bed because I wake up too early in the morning.
• 51:54
  I'll come back and I'll have like 20 donations.
• 51:58
  Five sets, ten sets, 30 sets. And it's not even that difficult
• 52:02
  anymore to send Sats because before with Noster you would
• 52:04
  click ZAP and then it would open up Wallet of Satoshi and you
• 52:07
  click accept and all that. Now they have things, and I get
• 52:10
  that it's like a little bit custodial, but you can set up an
• 52:13
  Albee Wallet, fill it up with like 10,100 thousand Sats, and
• 52:17
  then connect it through something called Noster Wallet
• 52:20
  Connect. And then every time you just
• 52:21
  use. A random emoji, like a like a
• 52:24
  hang 10 emoji on Noster, it just pulls automatically the 10 Sats
• 52:29
  from the Albee wallet, sends it over to the receiver.
• 52:32
  There's no other process involved.
• 52:33
  So you give a post to like the user gets 21 Sats.
• 52:37
  That is so cool. Guys like that is like a killer
• 52:40
  feature that only Bitcoin and Lightning can do.
• 52:42
  No other cryptocurrency doing anything like that.
• 52:45
  Can't do that shit with Fiat because you need all the
• 52:47
  permission. It's awesome and I think we
• 52:49
  ought to start doing more stuff like that.
• 52:50
  That's all 100% I. 100% Plebster is my new favorite Noster client
• 52:56
  by the way. On Android, I think Dammit's
• 52:59
  from iPhone, so yeah no. And they also took off the zaps
• 53:05
  on the iPhone too. So it's like.
• 53:06
  Look, that's a workaround. I think I just meant, and you
• 53:09
  know, but that's what I'm saying, Like, it's a workaround,
• 53:13
  right? And it's like if we do want mass
• 53:15
  adoption, if we do want people to like really, really like if
• 53:19
  they adopt Bitcoin and they're using it seamless.
• 53:22
  I think it needs to be as convenient or as close to as
• 53:26
  convenient as the current Fiat system, the current financial
• 53:30
  rails. I talk about this all the time
• 53:32
  and beauty on and I were talking about this at at You were there
• 53:35
  Opti, we were talking about this at at Bitlock boom on the news
• 53:39
  desk. Like we have to remember that we
• 53:43
  these these Bitcoin wallets and whatever.
• 53:45
  Like we're making them for human beings.
• 53:47
  Like convenience is a thing. Like the human element is a
• 53:50
  thing. Like Apple Pay is the easiest
• 53:53
  fucking thing to use. You literally tap two buttons on
• 53:56
  the side of your phone and you go, Dick it.
• 53:58
  Vibe gives you a little haptic feedback and then you pay,
• 54:01
  right? Like Bitcoin payments need to be
• 54:04
  that easy, right? It needs to be that seamless
• 54:08
  because right now they're a little bit complicated.
• 54:11
  Like I love Wallet of Satoshi and I know I'm gonna let a lot
• 54:14
  of shit for that, cuz it's like, look, it's a custodial.
• 54:16
  It's like I fucking love Wallet of Satoshi.
• 54:19
  You don't have to create a username.
• 54:20
  You don't have whatever, download the app.
• 54:22
  You could start receiving Sats immediately.
• 54:24
  Now I'm gonna, I'm gonna going to keep a large amount of Sats
• 54:27
  on there. No, but maybe it's just that
• 54:30
  it's good to have, you know a couple $100, whatever spending
• 54:32
  money on there. Convenience is so easy.
• 54:35
  It's so easy to download. Mon was like my my other
• 54:39
  favorite for a long time. And I had a bad experience with
• 54:42
  Mon over over over a bit block. Boom.
• 54:46
  Because apparently they they use lightning for smaller payments,
• 54:49
  but if it's if it starts to go above a certain amount, it's
• 54:52
  actually an on chain payment so it's not immediate.
• 54:56
  So anyways, all these problems are going to be fixed.
• 55:00
  I have no doubt in my mind. We just have to keep, you know,
• 55:05
  we just have to keep churning at them.
• 55:07
  Bitcoin entrepreneurs are the brightest and smartest people in
• 55:10
  the world, and you're going to solve these problems.
• 55:13
  It's just a matter of. Time The Internet in the 90s was
• 55:16
  fucking unusable. Right, it was.
• 55:18
  It was terrible, right? Like, look at the Internet now
• 55:20
  we're fucking live streaming right now to multiple platforms.
• 55:24
  Like it's it's become convenient, it's become easy to
• 55:27
  use. Bitcoin needs to get to that.
• 55:28
  Point in my opinion. Well that goes back to my
• 55:30
  previous point. Like what I've been saying is
• 55:32
  like, everyone needs to get more curious.
• 55:34
  Everyone needs to get a bit more humble.
• 55:35
  Then they'll get Bitcoin, But bitcoiners ourselves like.
• 55:39
  I'm just going to call it out. As I see it, there is, there are
• 55:42
  a lot of us who won't touch these experimental things.
• 55:45
  We will go out and we'll set up a node, we'll set up an S9,
• 55:48
  we'll do these things. But we'll think that, you know,
• 55:50
  connecting and messing with some of these lightning wallets are
• 55:52
  really difficult. And I know that part of the
• 55:54
  problem there is just the educational material isn't out.
• 55:57
  You know, go watch BTC Sessions. He does like God's work on this
• 56:00
  stuff. But we have to start being cool
• 56:02
  with experimenting with this stuff and not waiting for it to
• 56:04
  be perfect. Our feedback is essential to
• 56:07
  these developers to make these apps more convenient, right?
• 56:11
  I just think, like, if you're a core bitcoiner, you can you can
• 56:14
  sit back passively and like, digest the news and all that, or
• 56:16
  you can be an active participant in the Bitcoin ecosystem.
• 56:19
  Start going outside your comfort zone trying these things.
• 56:22
  Be a part of making this ecosystem more convenient and
• 56:25
  usable. That's all 100%.
• 56:28
  I 100% agree with that. All right everybody, let's get
• 56:31
  to the culture. Talk about a kinetic finance.
• 56:34
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• 57:04
  you about the Pacific Bitcoin Festival.
• 57:06
  It's coming up in Los Angeles, CA.
• 57:08
  It's literally almost in a month.
• 57:10
  You want to get your tickets quickly before the prices go up.
• 57:13
  It's October 5th through the 6th.
• 57:15
  You can use promo code simply get to get 21% off your tickets
• 57:18
  to the Pacific Bitcoin Festival. Current speakers include Jimmy
• 57:21
  Song, Lynn Alden, Greg Foss, Alex Glaston, Corey Clipston,
• 57:24
  Preston pitched of Stefan La, Vera, Max Kaiser, Stacy Her,
• 57:28
  Stacy Herbert, and many, many more.
• 57:30
  You don't want to miss the biggest Bitcoin celebration on
• 57:32
  the the West Coast, the Pacific Bitcoin Festival.
• 57:35
  Anyways, Opti, take it away my friend.
• 57:38
  All right. Yeah.
• 57:39
  So first and foremost, guys, I know how much you guys love the
• 57:42
  rabbit hole story, so let's get Kinetic Finance.
• 57:44
  How did you become a bitcoiner? And then we'll get into making
• 57:47
  Bitcoin content. All right, so First things
• 57:51
  first, I just needed Bitcoin out of convenience.
• 57:53
  Back in 2013 I bought a Bitcoin. It was like two $300.00 at the
• 57:58
  time and Silk Road. Something something on there
• 58:03
  knocking on my door at some point.
• 58:06
  Safe to say, most expensive bag of weed I've ever bought.
• 58:10
  No regrets though, Didn't touch Bitcoin for like 2-3 years after
• 58:13
  that point and then I was basically graduating from.
• 58:17
  University at the time. I work in film production
• 58:20
  professionally. I do like commercials and
• 58:21
  whatnot. And I had like 3000 bucks left
• 58:25
  in student loans and I was trying to think of like
• 58:26
  investments. And actually it was Ethereum
• 58:29
  that caught my eye. And I brought in the whole like,
• 58:31
  oh, this is the evolution of of Bitcoin.
• 58:33
  I was like, well, Bitcoin was cool.
• 58:34
  I'd be interested in the evolution of it.
• 58:36
  So I go all in on Ethereum back in like 2016.
• 58:40
  Three days later is the Dow hack.
• 58:44
  So I learned a lot about decentralization and not having
• 58:49
  secure code and then how the Ethereum Foundation basically
• 58:53
  shafted to the immutability of Ethereum through that.
• 58:56
  And that opened my eyes up to Bitcoin, which basically also
• 59:00
  was going through something a little bit similar with the
• 59:02
  block size wars at the time. But all the stuff was like way
• 59:05
  over my head for the longest time.
• 59:06
  I just cared about the price and the number go up.
• 59:09
  But it was interesting like learning about all the the
• 59:10
  infighting and all that Roger Bear and Bitcoin cash and all
• 59:13
  that. And so I I participated in all
• 59:15
  that stuff and I just say it really wasn't, you know, you
• 59:18
  know, for the bitcoiners and the people here who have been on
• 59:21
  this journey, it it took me about four years to really
• 59:23
  understand the the bigger picture of Bitcoin, which was
• 59:27
  how powerful it could be in in changing society and all the all
• 59:31
  the dangers of Fiat money. I just looked at Bitcoin as like
• 59:33
  a base level, you know, cool evolution technology of money.
• 59:36
  I didn't realize how damaging Fiat was.
• 59:39
  About four years into my Bitcoin journey, but basically ever
• 59:42
  since then, you know, price went up.
• 59:45
  I was able to start a company with some of my Bitcoin profits
• 59:48
  and was making videos through COVID, you know, for Amazon
• 59:53
  companies and all these things. And I just started getting
• 59:56
  disillusioned with like that machine.
• 59:59
  I I love entrepreneurship. I had a company.
• 1:00:00
  I had like 6 employees at the time.
• 1:00:02
  But I just found like everything that was going on in Bitcoin was
• 1:00:05
  so interesting, and I wasn't finding a lot of Bitcoin content
• 1:00:08
  creators out there that were doing more than like news
• 1:00:10
  coverage or tutorials. And I said, hey, I have like all
• 1:00:14
  this film equipment, I've made so many documentaries, I've
• 1:00:17
  interviewed all these like CEO's, like, why don't I try
• 1:00:19
  talking about it some more? And I've always been like a
• 1:00:21
  behind the camera sort of person.
• 1:00:23
  And I just thought, OK, I'll get out of my comfort zone.
• 1:00:25
  I'll try to learn how to speak to camera or teleprompter or
• 1:00:28
  whatever, and I'll use my filmmaking skills to try and,
• 1:00:31
  you know, talk about Bitcoin in a way that I wish I had seen,
• 1:00:35
  you know, when I was going through my Orange Pill journey.
• 1:00:37
  And yeah, that brings me to today.
• 1:00:39
  I've been working on a variety of things I've done.
• 1:00:41
  You know, I've done tutorials in the past, but I'm moving now
• 1:00:44
  towards kind of three mediums, which is I have my own live
• 1:00:47
  streaming show that I just do just so I can hear myself talk
• 1:00:50
  and and learn Bitcoin through talking about it.
• 1:00:53
  I do these 62nd YouTube shorts trying to orange fill people in
• 1:00:56
  60 seconds. It's such a challenge to
• 1:00:59
  basically write 160 words on Bitcoin and make it make sense
• 1:01:02
  in one whole package. And then I do these kind of like
• 1:01:04
  mid to longer length documentaries between 10:00 to
• 1:01:07
  20 minutes. You know, one of them was one of
• 1:01:10
  the companies that we worked with in Vancouver.
• 1:01:13
  They're making the first Bitcoin industrial heaters.
• 1:01:16
  So they're taking hashing boards and they're outfitting them into
• 1:01:20
  industrial electric heaters to replace gas heaters, which is a
• 1:01:24
  big industry here in Vancouver as we're trying to move away
• 1:01:26
  from all that stuff. The company gets the Bitcoin as
• 1:01:29
  a profit, they just sell the heater as a heater unit and that
• 1:01:32
  industry is interesting. So made a whole little video
• 1:01:34
  about that. Companies called Mint Green went
• 1:01:37
  to Guatemala to check out their circular economy.
• 1:01:40
  Was trying to figure out, you know, is Guatemala that much
• 1:01:42
  different from El Salvador? Could they be the next big
• 1:01:44
  Bitcoin country? Learn some really interesting
• 1:01:47
  things there. Guatemala is a very, very
• 1:01:49
  different country historically from El Salvador, even though
• 1:01:51
  they're neighbors. But made a whole documentary on
• 1:01:53
  that. And then how Bitcoin, you know,
• 1:01:55
  feeds into like Mayan culture and values and stuff like that
• 1:01:59
  traveled with BJ Dichter, who was one of the biggest
• 1:02:01
  organizers of the trucker convoy up here in Canada.
• 1:02:04
  Also a huge bitcoiner traveled on the road with him for 48
• 1:02:07
  hours in his big semi truck to kind of learn his perspective on
• 1:02:10
  the convoy protests and how Bitcoin played a role in that.
• 1:02:14
  And then the next video, the one I'm working on currently, is
• 1:02:17
  this Bitcoin product line for kids called Shaw Marie.
• 1:02:21
  It's like storybooks for bitcoiners and it's like a card
• 1:02:24
  game that teaches the mining. And I was trying to see like,
• 1:02:27
  can you really teach a six year old Bitcoin?
• 1:02:30
  And if so, isn't that kind of disappointing that we have like
• 1:02:33
  Brad Sherman who can't even say the name of Satoshi Nakamoto?
• 1:02:36
  He said like Saratoshi Nagamotor.
• 1:02:40
  And we taught kids the name and the origin of Bitcoin and all
• 1:02:43
  that stuff in an hour and they now know more than a sitting US
• 1:02:45
  Congressman. So yeah, just trying to find
• 1:02:48
  interesting areas of Bitcoin and and tell stories that I think,
• 1:02:51
  you know, some people just aren't telling, but that's it.
• 1:02:53
  That's awesome. Love it.
• 1:02:54
  And before we go on, I have a bunch of questions here, but I
• 1:02:57
  think this is just a great example of what I say all the
• 1:03:00
  time, guys. Like, use your skills, whatever
• 1:03:02
  skills you have, and figure out how you can push that Bitcoin
• 1:03:05
  signal or build a Bitcoin company.
• 1:03:07
  It's like every one of us has some skills that you can market
• 1:03:10
  in the Bitcoin space, either if it's just accepting Bitcoin or
• 1:03:13
  if it's making content, whatever you're good at, like you have
• 1:03:16
  the skills. It's just about thinking about
• 1:03:18
  this correctly. And then next question, bro.
• 1:03:21
  We always get this same contention going on on Bitcoin
• 1:03:26
  Twitter about how there's too many podcasts, there's too many
• 1:03:29
  Bitcoin content creators. So is there enough Bitcoin
• 1:03:32
  content creators? And why have you dedicated your
• 1:03:34
  life to making the Bitcoin content that you do?
• 1:03:37
  There's not nearly enough Bitcoin content creators,
• 1:03:40
  podcasters. I don't think there's such a
• 1:03:43
  thing as too many podcasters, but I would say if you look at
• 1:03:45
  the the pie chart that is the available content for Bitcoin
• 1:03:50
  podcasts take up like I think ungodly amount and I think
• 1:03:54
  that's gonna change dramatically.
• 1:03:55
  More, more video content, more video content.
• 1:03:59
  But like, beyond that, man, like you have and I'm gonna shout out
• 1:04:02
  creators and that's like what we have to do is content creators
• 1:04:04
  is we have to bring up other names.
• 1:04:07
  These are actually bigger than me.
• 1:04:08
  But like, you know, you know Carla and Walker, crypto couple,
• 1:04:11
  they're making amazing songs, musical parodies of Bitcoin.
• 1:04:16
  And then you got Tip NZ. She's doing these like great,
• 1:04:18
  you know, rap covers about sound money and how Bitcoin plays into
• 1:04:21
  that hero of Bitcoin, which I just posted.
• 1:04:24
  This guy is making a game for the Game Boy Color using like
• 1:04:28
  Game Boy scripting that is basically like an RPG that
• 1:04:31
  teaches people about the history of Bitcoin.
• 1:04:33
  You have Bitcoin trading cards and that's like done super,
• 1:04:37
  super well on geyser fund. This stuff is really what's
• 1:04:40
  going to orange build the next generation.
• 1:04:42
  I I really think that you know the podcasts and all this stuff,
• 1:04:45
  conferences like they have been really effective so far.
• 1:04:48
  But you know we have barely scratched the surface of Bitcoin
• 1:04:51
  adoption. People need to be spoken to in
• 1:04:53
  different ways and then we haven't even gotten into
• 1:04:56
  basically all this great Bitcoin education.
• 1:04:58
  It's all in English, you know, There are way more people
• 1:05:00
  outside the English speaking world that need Bitcoin and need
• 1:05:03
  it more than us. There's like a massive
• 1:05:05
  population in India. They're also going through
• 1:05:07
  inflation there. Sri Lanka, South America.
• 1:05:10
  You have some great Spanish creators like Adrian Trevino.
• 1:05:13
  Now he's doing stuff for Blink, BTC, tick tocks and stuff like
• 1:05:17
  that. We need to get way more Bitcoin
• 1:05:19
  content out there and way more education and speak to people
• 1:05:21
  and as many mediums as possible. So I don't think there's such a
• 1:05:24
  thing as too much Bitcoin content.
• 1:05:26
  I just think that we need to explore other mediums in
• 1:05:28
  storytelling a lot more than we are today. 1,000,000% I
• 1:05:32
  absolutely love that I completely go.
• 1:05:34
  Before you go on, remember I was telling you over the weekend
• 1:05:36
  like when when simply Bitcoin dubbed in different?
• 1:05:39
  Languages and I was like. That was like.
• 1:05:41
  Dude, we already have so much shit on our plate.
• 1:05:44
  So, so to get back to your point, kinetic, I completely
• 1:05:49
  agree. We, we call it the the, the
• 1:05:51
  Bitcoin echo chamber, right? Which is like what a lot of
• 1:05:53
  people don't understand is like you're making Bitcoin content,
• 1:05:57
  whether it's a podcast or this show or whatever, but.
• 1:06:00
  You're making it to other bitcoiners, right?
• 1:06:02
  Like other people that are already orange pill.
• 1:06:04
  The lift. The heavy lift is how do you
• 1:06:07
  break that echo chamber? How do you, how do you, how do
• 1:06:10
  you reach an audience that you know, I read, I read it to you
• 1:06:14
  guys. In the very beginning, 61% of
• 1:06:16
  Americans are living paycheck to paycheck.
• 1:06:18
  Like like, you know, you know, like obviously they don't have
• 1:06:26
  any disposable income to invest in whatever.
• 1:06:29
  But imagine if they start saving a little bit if they could for
• 1:06:32
  like $100 a month. That's it.
• 1:06:35
  That will go a very, very long way, you know for 1020 years
• 1:06:40
  from now. And it's super easy to do in
• 1:06:43
  terms of of all the platforms, obviously we love Swan, but like
• 1:06:47
  all the platforms that give you the ability to to to to do that,
• 1:06:51
  right. So yeah, man, it's you know, I I
• 1:06:54
  completely agree. We we have to break the Bitcoin
• 1:06:56
  echo chamber 1,000,000% Opti. Yeah, yeah, 100%.
• 1:07:00
  So I, I actually want to ask Kinetic a question cuz we, we
• 1:07:04
  kind of stayed on the on the show all the time about like
• 1:07:07
  we're in this game right now winning the hearts and minds of
• 1:07:11
  the masses. So like, what do you think is
• 1:07:13
  the next step to not only going like viral in the Bitcoin space
• 1:07:17
  and creating videos, but like what do you how are we going to
• 1:07:20
  be able to tap into like the everyday normie person?
• 1:07:24
  I think something that's worked for me very well recently is is
• 1:07:29
  kind of tapping to like ancillary things that Bitcoiners
• 1:07:32
  believe. I think bitcoiners, they
• 1:07:34
  understand the importance of family a lot more.
• 1:07:38
  You know, I mean, Vivek Ramaswamy speaks a lot about
• 1:07:40
  this stuff. He's like a guy running for the
• 1:07:42
  Republican nomination, but he kind of has like 10 tenants.
• 1:07:45
  And I think a lot of them align with, with bitcoins, but one of
• 1:07:47
  them is that like the nuclear family is, you know, the most
• 1:07:49
  effective form of governance that exists.
• 1:07:52
  And so we can take issues like that.
• 1:07:54
  We can take topics like that and we can talk about them and then
• 1:07:57
  we can, you know, kind of collate them with Bitcoin in a
• 1:08:00
  way. Another one too is that
• 1:08:01
  Bitcoiners are are super strong believers in in having sovereign
• 1:08:06
  energy. And you'd be surprised.
• 1:08:08
  I I thought there was a lot of misinformation about out there
• 1:08:11
  about nuclear energy, cuz, you know, a lot of people say, oh, a
• 1:08:14
  nuclear plant melted down or whatever, we shouldn't have
• 1:08:17
  nuclear energy. Turns out that there's a lot of
• 1:08:19
  smart people out there that understand that we've had the
• 1:08:21
  the wool covered over our eyes when it comes to nuclear energy
• 1:08:24
  and energy independence. And you can weave in the
• 1:08:26
  importance of Bitcoin mining into that.
• 1:08:28
  You can talk to the environmentalists.
• 1:08:30
  So I think a big part of our job as bitcoiners is to is to kind
• 1:08:33
  of connect Bitcoin to these other topics and things that
• 1:08:36
  people are interested in. And you know, there's a lot of
• 1:08:38
  people doing that stuff already, but I think we have to do it in,
• 1:08:42
  you know, more more tactical ways than we have previously.
• 1:08:46
  It's one thing to have a Bitcoin podcast and have an
• 1:08:49
  environmentalist on or have an environmental podcast and have a
• 1:08:52
  Bitcoin on, and these things work amazingly well.
• 1:08:55
  But I think when we can really start to reach out to these
• 1:08:57
  audiences, get bitcoiners on, you know, a Youtubers show to
• 1:09:01
  talk about Bitcoin for a couple seconds a couple years ago.
• 1:09:04
  And this was like 4 years ago. I partnered with this YouTuber
• 1:09:06
  with like half a million subscribers.
• 1:09:08
  And I said hey, do you want to do like a challenge where we try
• 1:09:10
  and go around Vancouver and like live on Bitcoin for a day?
• 1:09:13
  And it didn't work out because there were no Bitcoin merchants
• 1:09:16
  Vancouver at the time. But I said in the video, like,
• 1:09:19
  you know in the next few years you're going to see like 30-40,
• 1:09:22
  fifty. And it turned out that way.
• 1:09:24
  And in the in the video I also showed like this is the price of
• 1:09:26
  Bitcoin today. And a couple people like pulled
• 1:09:28
  up that video and messaged me and said, hey, I watched your
• 1:09:31
  video with this random YouTuber like four years ago and turns
• 1:09:35
  out like some of the stuff you said was right.
• 1:09:36
  Like, you know, where can I learn more about this?
• 1:09:38
  So we as bitcoiners, we have to get into the popular zeitgeist
• 1:09:41
  as much as possible. Whether that is through
• 1:09:43
  clickbaity stuff, whether it's through collaborating with other
• 1:09:46
  content creators that might take an interest in Bitcoin, we have
• 1:09:49
  to go outside 100% our our echo chamber and start experimenting
• 1:09:53
  with different things and different people to get the word
• 1:09:56
  out. Yeah, well, I 100% agree with
• 1:09:59
  with that sentiment and and that statement, right.
• 1:10:02
  But that's that's what it's all about.
• 1:10:04
  That's that's why we show up every day.
• 1:10:05
  That's why you make the content that you do is to really push
• 1:10:09
  this peaceful Bitcoin revolution forward.
• 1:10:11
  Anyways, everybody, let's get to the memes.
• 1:10:13
  We got a lot of memes to review. Let's check it out, the Daily
• 1:10:18
  Meme Review. Brought to you by Kaboom Racks.
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  Kaboom racks. Kabim Max Kabim.
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  Max. Alright guys, here we are.
• 1:10:48
  We're at the Meme review, your favorite portion of the show
• 1:10:49
  where you watch the whole show just to get to the memes again.
• 1:10:52
  Tag me on Twitter, simply Bitcoin TV or my personal
• 1:10:54
  account optimist fields and I will get your guys' memes.
• 1:10:57
  Is this a is this a meme from Nick?
• 1:10:59
  Yeah, yeah. We can't review memes from Nick.
• 1:11:03
  Yeah, right. This is this is a this is a
• 1:11:04
  solid meme. There's a solid meme right here.
• 1:11:07
  OK, so as you can tell, and we've had this conversation the
• 1:11:10
  whole day. Memes.
• 1:11:13
  Are very powerful. Getting the signal out to your
• 1:11:16
  normies, dropping these in your family and friend group chats so
• 1:11:19
  that you blow their mind is the way you know, making the
• 1:11:23
  content, spreading the signal. This is the most important thing
• 1:11:27
  we can be doing is trying to get the Bitcoin signal out so people
• 1:11:31
  start saving in Bitcoin. This is the way guys tweet to
• 1:11:33
  the bullets, memes artillery and you.
• 1:11:36
  You don't have to tag me and just your memes tag me and your
• 1:11:38
  friends memes, whatever. All right.
• 1:11:39
  So this 1st meme is my boy Nick Can't mind and he's doing.
• 1:11:44
  Play He can't mind. He's doing a play on Pokémon and
• 1:11:48
  Ash catching Pokémon here, and he goes collecting all the cheap
• 1:11:52
  Bitcoin on these dips. And he did a very bad crop right
• 1:11:55
  here, which is the best part about this meme.
• 1:11:57
  He just did a square avatar logo on top of Ash catching some
• 1:12:02
  cheap Bitcoin. You can see Sailor in the
• 1:12:04
  background with Pikachu there. Everyone's catching cheap
• 1:12:07
  Bitcoin right now. This is the way, OK?
• 1:12:08
  This next meme is by the BTC therapist and he goes we made it
• 1:12:11
  #BTC. And we got this I I don't know
• 1:12:14
  what you call him. It's like some priest here in a
• 1:12:17
  in a robe and he goes when you huddle from 69 K TO15K and we
• 1:12:21
  have some new plebs kissing your hand while you huddle them
• 1:12:24
  Bitcoin and you show them the way that.
• 1:12:26
  You know, you keep buying all the way down.
• 1:12:27
  When there's blood on the streets, you buy more Bitcoin.
• 1:12:30
  This is the way. All right, this next one is by
• 1:12:31
  Kim Gage shouts out to you. I know he's in the chat and he
• 1:12:33
  goes, where are we exactly in the Bitcoin adoption cycle?
• 1:12:37
  And he goes where we are in the Bitcoin adoption cycle.
• 1:12:40
  We have, Satoshi has the tip of the iceberg.
• 1:12:42
  We have all of us Bitcoiners. We're sticking out of the water.
• 1:12:46
  And then under the water we have Wall Street.
• 1:12:48
  And then at the very bottom of the iceberg is everybody else.
• 1:12:51
  So, hey, maybe we're not early, but we're still early.
• 1:12:54
  OK, this next one. I know all you guys on Twitter
• 1:12:57
  are arguing about drive chains and ordinals and all this other
• 1:13:01
  stuff and what's going on and it's all noise as far as I'm
• 1:13:05
  concerned. But the world of rush, he tagged
• 1:13:07
  me in this and I I thought it was a good one.
• 1:13:09
  He goes Dr. Chainers and we got, you know the SpongeBob meme here
• 1:13:14
  that's like and he goes Keynesians.
• 1:13:17
  The economy won't work unless we can print more money.
• 1:13:20
  Dr. Chainers. Bitcoin won't work unless we put
• 1:13:22
  shit coins on Bitcoin. Corporate needs you to find the
• 1:13:25
  difference between the picture. In this picture, they're the
• 1:13:27
  same thing. They're the same thing.
• 1:13:29
  Oh my goodness, everyone's losing their mind on Twitter
• 1:13:31
  right now. Anyways, this next meme is by
• 1:13:34
  Eggplant under score Ilan. He goes truth.
• 1:13:36
  And we got a HSBC billboard over here and they crossed out a word
• 1:13:40
  here. And in the HSBC billboard that
• 1:13:43
  I'm sure you guys have seen in real life goes when an abuser
• 1:13:46
  controls your finances, they control, you know, But when you
• 1:13:48
  crossed it out, it makes more sense.
• 1:13:49
  When a bake controls your finances, they control you.
• 1:13:53
  Bitcoin literally fixes this for everyone.
• 1:13:55
  And someone's got a sign here at the bottom that says Bitcoin
• 1:13:57
  fixes this for everyone. OK, This next one is by Lena
• 1:14:00
  Sisha and she goes a peaceful revolution.
• 1:14:03
  And this is a little Hoddler comic.
• 1:14:06
  And we got a person with a bunch of field dollars in the
• 1:14:08
  briefcase, and it goes, these bitcoiners are trying to
• 1:14:11
  undermine our financial system. And the next thing goes, they
• 1:14:14
  want a revolution. And then the next thing goes,
• 1:14:16
  they're attacking the monetary world order.
• 1:14:18
  And then it starts freaking out even more.
• 1:14:19
  Like right now they're probably planning their next move to
• 1:14:22
  overthrow us. And then a bottom one goes, they
• 1:14:24
  must be stopped. And it's just all of us stacking
• 1:14:27
  Bitcoin, enjoying our lives, you know, taking tips for our
• 1:14:31
  services, accepting Bitcoin for our products and our skills.
• 1:14:35
  We're not doing anything, man. We just want any money that
• 1:14:37
  doesn't steal from us. It's so simple, man.
• 1:14:40
  OK, this last one shouts out to my boy Wine, AKA the person
• 1:14:43
  that's tweeting all the time behind the BTC kindergarten
• 1:14:45
  account. And he's got a a picture here,
• 1:14:48
  and it's a hand with a a coffee and it's pouring overflowing
• 1:14:53
  into a cup and it goes, me pouring Bitcoin in any
• 1:14:56
  conversation to anyone who will listen.
• 1:15:00
  This is probably what all of us feel when we try to talk about
• 1:15:03
  Bitcoin, cuz people don't want to talk about it.
• 1:15:05
  Hey it is what it is. We'll be here for you when you
• 1:15:07
  are ready. Until then, just make sure you
• 1:15:10
  build it and they will come. All right, drop your meme review
• 1:15:12
  score in the chat over there on the other side of everyone and
• 1:15:14
  we will cover them live. My meme review score chat is you
• 1:15:18
  guys have been seeing it all day, but Wine got gifted this
• 1:15:22
  trucker hat. By my boy Billy Macdo.
• 1:15:24
  And he forgot it in Austin, so I stole it.
• 1:15:27
  And it. Says I am not at Billy Macdo.
• 1:15:34
  OK OK so I'm going to give it 2 scores.
• 1:15:30
  Trucker hat shouts at the Billy Macdo puts the team on his.
• 1:15:36
  My first score is breaking news. Nick can mine OK he can mine,
• 1:15:41
  he's got to change his handle. And 2nd I'm going to give it
• 1:15:45
  this BTC pins and made X collab of tomahawk steak.
• 1:15:52
  Should I? Is that the pins I should start
• 1:15:53
  wearing every day, every day, every day?
• 1:15:57
  I used to wear the orange pill pin a lot on simply Bitcoin back
• 1:16:01
  in the early days anyways. Kinetic finance.
• 1:16:03
  What would you give those memes? I would give it this pig
• 1:16:08
  sticker. Smoking a cigarette.
• 1:16:10
  I don't know why I have this on my desk, but I got it a couple
• 1:16:13
  months ago. But yeah, it it's good.
• 1:16:17
  Needs laser. Eyes.
• 1:16:18
  Needs laser eyes glasses too. Very, very very nice.
• 1:16:23
  Also, guys, before we get to the meme scores, another shameless
• 1:16:27
  plug. Guys, check out the new drop of
• 1:16:29
  Simply Bitcoin Merch. It's on the website.
• 1:16:31
  All you got to do is scan the QR code.
• 1:16:33
  It will take you directly to the website.
• 1:16:35
  You can get yourself a tshirt or a hoodie Rep Simply Bitcoin.
• 1:16:39
  Also Rep Bitcoin in general. You can get it while supplies
• 1:16:42
  last anyways. I have to do this or else Wine
• 1:16:45
  will get very upset with me, so it's not my fault.
• 1:16:48
  Blame Wine. Anyways, guys, please drop your
• 1:16:50
  score. Wait.
• 1:16:51
  Wait, wait. This isn't a score yet, but this
• 1:16:53
  is a good one, Nico. This is where we're starting
• 1:16:55
  today. It's Friday, after all.
• 1:16:56
  Christine, the So Opti's ex-girlfriend is in the chat.
• 1:17:00
  Hey, Opti, I'm feeling your signal.
• 1:17:03
  Wait, I have to say to the accent.
• 1:17:07
  Abdi, it's me, Christy. I'm feeling your signal.
• 1:17:11
  Yeah, all right. Story time before I get to the
• 1:17:14
  other Nicola literally call me and be like.
• 1:17:16
  Hey, Abdi. No, not even a joke.
• 1:17:20
  I'll open up restreaming. You be hey.
• 1:17:22
  Abdi. This guy's crazy.
• 1:17:25
  Dude, Hey, bro, Look, it's it's good to be able to say that a
• 1:17:29
  bitcoiner has dated a central banker.
• 1:17:31
  All right, all of them. Now what?
• 1:17:36
  Now what isn't clear is do people.
• 1:17:40
  Know about How do you think Christine Lagarde's son became a
• 1:17:42
  Bitcoiner? Not saying well, nor denying.
• 1:17:45
  People don't so people know about yelling.
• 1:17:47
  People know about Christine Lagarde, but they don't know
• 1:17:49
  about Augustine. Opti likes to keep it close.
• 1:17:52
  He doesn't like to tell people. Dude, I do anything for the sads
• 1:17:55
  bro. This is called Bitcoin adoption.
• 1:17:58
  Oh, man. All right.
• 1:18:01
  Rustling Meme Score Opti Sick Hawaiian Shirt Oh Opti Coming in
• 1:18:07
  Coming in Opti Opti with the With the With the Merch Casual
• 1:18:11
  Friday, Casual Friday Elaine Lowell score Bitcoiners realize
• 1:18:15
  that nobody wants to be told to stay poor.
• 1:18:17
  A new message takes over. Quote Buy Bitcoin and have fun
• 1:18:21
  getting rich. Very nice.
• 1:18:22
  Yes. I like that one.
• 1:18:24
  I like that one. I like that.
• 1:18:25
  I like that. All right, next one by Phil CI
• 1:18:28
  Give the memes 10,000 sats for not another mention of drive.
• 1:18:31
  Dude, we haven't talked about drives.
• 1:18:33
  I'll be honest with you guys. Like I still don't know what the
• 1:18:35
  fuck ordinals are and I don't know what the fuck drive chains
• 1:18:37
  are, nor do I give a fuck. I think just Bitcoin does one
• 1:18:40
  thing and it does it really well, which is it's money.
• 1:18:44
  And I think that once you start making the, once you start
• 1:18:48
  making changes, there's unattended consequences to those
• 1:18:51
  changes. So that's my that's my takes on
• 1:18:53
  that. But I am lying.
• 1:18:54
  I do know what ordinals are by now.
• 1:18:56
  Anyways Bitcoin for Canadians. But I didn't know for a long
• 1:18:59
  time. Bitcoin for Canadians.
• 1:19:00
  I get. I guess I'll find out what drive
• 1:19:02
  chains are eventually Bitcoin for Canadians.
• 1:19:05
  Trash. Whatever bro.
• 1:19:09
  I look bitcoins just it's good it's great money.
• 1:19:12
  That's just like I don't know why people try to overcomplicate
• 1:19:15
  and try to change it. You know I I I think that like
• 1:19:17
  you're you're asking for trouble.
• 1:19:20
  Anyways. Bitcoin for Canadians.
• 1:19:22
  I give the memes my custom by order getting filled today for
• 1:19:25
  more sats. What?
• 1:19:26
  What? It's very nice, bro.
• 1:19:27
  Mclovin meme score Sat still on sale.
• 1:19:31
  I'm stacking harder. dot dot dot, Love it, Love it, Love it.
• 1:19:34
  Yeah. This might be my favorite score
• 1:19:35
  today. Kim Gage Billy Mac just called.
• 1:19:38
  He wants his fucking hat back. OK, OK, sat sat wise Jenks.
• 1:19:45
  I give the memes 1,000,000 sats, but lost my jade in a boating
• 1:19:49
  accident. Betty bitty nice desk flat.
• 1:19:53
  I give today's memes one. What memes?
• 1:19:56
  And Natalie. Natalie.
• 1:19:58
  No, no no. I'm not reading that.
• 1:20:02
  Ran more DCA. Be respectful.
• 1:20:04
  She's extremely talented. Anyways, ran more DCA today with
• 1:20:08
  new seed signer meets Meets up meets up Bammerski.
• 1:20:14
  Meme score Internet Sophie's cover song.
• 1:20:17
  Yep, shout out, shout out. Sophie killed it.
• 1:20:20
  Autocoin. I give the memes cheap Sats.
• 1:20:23
  Very, very nice. Very, very nice.
• 1:20:27
  All right, I think that's it. Are we buzzing it?
• 1:20:31
  Are we buzzing it? Okay, we buzzed it cuz we ran
• 1:20:36
  out of. No, we didn't run out of scores.
• 1:20:38
  It's a time constraint obviously.
• 1:20:41
  Anyways, guys, if you enjoyed the show, you know what to do.
• 1:20:42
  Smash that like button. If you feel like we provided you
• 1:20:44
  value, consider subscribing to simply Bitcoin.
• 1:20:47
  But the number one thing you can do to push this peaceful Bitcoin
• 1:20:49
  revolution forward is share Bitcoin content.
• 1:20:52
  Don't be, Don't be exclusive and be inclusive.
• 1:20:55
  Don't share. Share coin content.
• 1:20:56
  That's counterproductive. I want to give a very special
• 1:20:58
  shout out to our guests, A fellow Bitcoin content creator.
• 1:21:01
  Kinetic Finance. Kinetic under score Finance.
• 1:21:03
  You can follow him on Twitter. Also check out his YouTube
• 1:21:05
  channel. Thanks so much for joining us
• 1:21:06
  today, brother. Thanks so much for having me.
• 1:21:09
  Looking forward to coming to the follow up room.
• 1:21:12
  Appreciate man. All right guys, if you wanna
• 1:21:15
  hang out during the after party, make sure to join us on Twitter
• 1:21:20
  Spaces which we are Co hosting with our friends over at Swan
• 1:21:22
  Bitcoin. Best place to build your Bitcoin
• 1:21:24
  stack? All you gotta do open your
• 1:21:25
  Twitter app or X app. I guess now that's what it's
• 1:21:28
  called and you could just go to the Simply space or the Swans.
• 1:21:32
  The the Swans, the Swan handle or the Simply handle.
• 1:21:35
  Just join the spaces. Feel free to request Opti to let
• 1:21:38
  you up on stage and you know we'll kind of just have a
• 1:21:40
  conversation. Kinetic Finance I think is will
• 1:21:43
  be joining us today anyways, guys have an amazing long
• 1:21:46
  weekend. It is Labor Day weekend.
• 1:21:48
  Enjoy yourselves. You guys deserve the break and
• 1:21:51
  we'll be back. I don't know.
• 1:21:53
  Wait, let me let me bring Opti here.
• 1:21:55
  Opti, we're doing Labor Day. Wait, do we get a break?
• 1:21:58
  We get a long weekend. I don't know.
• 1:21:59
  I'm gonna ask you. I'm.
• 1:22:00
  I'm rested. I'm rested.
• 1:22:02
  I'm gonna, I'm gonna leave it up to you.
• 1:22:03
  I don't know. I don't think YouTube.
• 1:22:04
  I don't think our YouTube channel can handle a break.
• 1:22:06
  Yeah, we'll be back Monday. Guys, for another episode of
• 1:22:09
  Simply Bitcoin Live. If he's out, y'all let's
• 1:22:27
  go. All right.
• 1:22:31
  Oh man. All right, what's up everyone?
• 1:22:32
  As you already know, this is a Bitcoin space by Bitcoiners For
• 1:22:35
  Bitcoiners shouts out to every single one of you guys that
• 1:22:38
  hangs out with us on YouTube. Even our troll that.