Latest / Simply Bitcoin / BREAKING: Central Banks Are Buying Bitcoin!? | EP 1054

Transcript

BREAKING: Central Banks Are Buying Bitcoin!? | EP 1054 · Simply Bitcoin

• 0:02
  It's all going to zero against Bitcoin.
• 0:06
  It's going up forever. You're against Bitcoin.
• 0:16
  You're against freedom. For everybody with so many
• 0:27
  leaders in crypto, and I appreciate this great
• 0:29
  invitation. First, let me thank Mark not
• 0:33
  only for his introduction, but as I said, for some, doing so
• 0:36
  many good things and so many good areas.
• 0:38
  This guy cares about things and he calls me up about them all
• 0:40
  the time. Make this part of the world
• 0:42
  better, that part of the world better, etcetera.
• 0:44
  I also want to thank Sheila Warren and all of you for being
• 0:47
  here now. There's great enthusiasm for the
• 0:50
  Harris Wall Ticket from every corner of our country.
• 0:53
  You can feel it, you can see it, you can smell it.
• 0:56
  It's gotten Democrats and Americans as a whole who are
• 0:59
  worried about the advent of Donald Trump so excited.
• 1:03
  And why are we here today? Because we all support Vice
• 1:06
  President Kamala Harris to be our next president.
• 1:09
  And we all believe in the future of crypto.
• 1:13
  As Mark outlined. I believe in my bones that
• 1:16
  Kamala Harris and Tim Walz will win this election.
• 1:19
  They'll lead Democrats to the majority, keep we'll keep the
• 1:22
  majority in the Senate. We'll get them majority in the
• 1:25
  house and then there ain't nothing stopping us now.
• 1:27
  Being here with you today is very important and that's why I
• 1:31
  made time on my schedule here. Cryptos been around, of course,
• 1:35
  for over a decade. It's grown more influential than
• 1:38
  anyone could have anticipated years ago, each and every day.
• 1:42
  As Mark said, it's not an elite thing.
• 1:44
  An estimated 20% of Americans use these assets, and this will
• 1:48
  only grow in size and scale. I believe that Congress has a
• 1:52
  responsibility to provide common sense and sound regulation on
• 1:56
  crypto, and we need your support to make sure that any proposal
• 2:00
  is bipartisan. That's the only way we get
• 2:03
  things done. Ultimately, my goal when it
• 2:05
  comes to crypto regulation is this.
• 2:08
  I want to bring members on both sides of the aisle here in the
• 2:10
  Senate together, create momentum so we can pass sensible
• 2:14
  legislation that helps the United States maintain its
• 2:17
  status as the most innovative country in the world.
• 2:20
  My goal is to get something passed out of the Senate and
• 2:23
  into law by the end of the year, and I believe we can make that
• 2:27
  happen. I think we should strike a
• 2:29
  balance for crypto between promoting innovation and
• 2:33
  providing common sense guardrails.
• 2:38
  When Donald Trump spoke in Nashville at the conference and
• 2:41
  said that he was going to support crypto, he did US one of
• 2:44
  the biggest favors because supporting crypto is not about
• 2:47
  increasing the bags of elite Bitcoin Maxis.
• 2:51
  Crypto was not about the elite. It's about egalitarianism.
• 2:55
  It's about the opportunity, as Professor was saying, forever
• 2:59
  for the unbanked and others to participate and to have the
• 3:02
  opportunity to create wealth. That's such a huge opportunity
• 3:06
  for us because the rest of us need crypto.
• 3:10
  And the Republicans couldn't care less.
• 3:11
  They just want to see the Bitcoin Maxis get richer.
• 3:14
  So with that thought. Ladies and gentlemen, welcome to
• 3:17
  simply Bitcoin Live, the your number one source for the
• 3:20
  peaceful Bitcoin revolution cup breaking news, culture, minor
• 3:22
  warfare. We will be your guide through
• 3:23
  the separation of money and state and the cold opening.
• 3:25
  Who you heard was Chuck Schumer, leading majority Senate leader,
• 3:30
  and of course, mark billionaire Mark Cuban, and they held a
• 3:36
  crypto for Harris Town hall. This is the second town hall
• 3:39
  that they held and I was actually in the Twitter Spaces
• 3:42
  yesterday by I think their names are the Krasenstein twins.
• 3:47
  And the name of the space was Democrats for Crypto.
• 3:50
  David Magoo and David Bailey, CEO of BTC Inc, also held the
• 3:55
  Spaces as well. And the way that I'm looking at
• 3:57
  this guy's is it's an election year and obviously the Democrats
• 4:02
  see that, you know, Bitcoin is a hot button issue.
• 4:06
  It represents a major part of their voting demographic.
• 4:11
  But I'm going to continue to stick with the message that
• 4:14
  we've been saying or the last couple of months, the last
• 4:17
  couple of weeks. Listen, this was not made a
• 4:22
  partisan issue by the Republican or the Independent Party, RFK.
• 4:26
  This was made a partisan issue when the Democratic Party
• 4:32
  initiated Operation Choke .2 point O the support of central
• 4:36
  bank digital currencies. The proposed 30% Bitcoin mining
• 4:41
  tax 30% The attack on self custody all the over regulation.
• 4:47
  The attack on Caitlin Long's bank, the custodia bank.
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  The attack on pro Bitcoin pro crypto banks all over the United
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  States. Just last week, the FDIC and the
• 5:00
  Fed sued one of the last remaining pro friendly pro
• 5:06
  Bitcoin banks in the United States, Customers Bank.
• 5:09
  So I'm going to continue to stick with what I've been
• 5:11
  saying, which is talk is cheap, actions are expensive.
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  And another thing that I also want to say as well is I'm quite
• 5:20
  disappointed in a way. Why am I disappointed?
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  Because for me it is Bitcoin over party.
• 5:27
  That seems obvious, but it's not obvious to everyone.
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  What does that mean? That means that, look, if you
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  continue to vote a party in that has been hostile towards the
• 5:39
  industry and now that they're promising that they're going to
• 5:43
  change tune and you vote them in again, what you're basically
• 5:46
  doing is you're giving them a stamp of approval on the job
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  that they've been doing over the last four years.
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  And there is no feedback to change course.
• 5:56
  So again, until I see concrete action from the Kamala campaign,
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  a lot of people are saying this is a reset.
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  That was Biden that was doing all of that.
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  Kamala is different. This is what I got to say.
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  Until I see Kamala promise to free Ross, Kamala promise to be
• 6:16
  pro Bitcoin, pro Bitcoin industry, leave the industry
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  alone. Fire Gary Gensler talk is cheap,
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  actions are expensive. Don't vote for the party that's
• 6:27
  been hostile towards our industry and is running on a
• 6:30
  trust me bro. We have changed our minds on
• 6:33
  Bitcoin platform like it's not a trust me bro.
• 6:37
  So I got to say Bitcoin over party.
• 6:41
  And what I saw yesterday in a lot of these spaces was a lot of
• 6:45
  people were essentially putting party ahead of Bitcoin, which to
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  me is insane because Bitcoin fixes a lot of the issues that
• 6:55
  the lower middle classes are hurting from.
• 6:58
  And those issues are inflation. Inflation is devastating.
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  It destroys your purchasing power.
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  It destroys your ability to save.
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  It destroys for your ability to dream about a better future
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  because it is literally stealing your energy, your work and your
• 7:15
  time, right? So if you're against Bitcoin, if
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  you've been hostile towards the Bitcoin industry, that's what
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  you're against, that that's what you're up against.
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  And instead of saying like, it looks like based on some things
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  that she's saying and based on whatever, that she's going to
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  change her mind. But the actions are saying
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  something completely different. And until the actions come out,
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  I haven't heard Kamala say anything about this, not one
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  time. So nothing has changed from my
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  perspective. RFK, Trump are pro industry.
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  Kamala has been anti industry until she comes out and says
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  she's going to free Ross and she's going to be pro industry.
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  Why should I change my mind? Which is why I said in the
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  beginning of the show Bitcoin over party, not party over
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  Bitcoin. That's some Fiat thinking, in my
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  humble opinion. Anyways, in other news, the
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  corporate flood is coming. The institutions are here.
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  This is one of the narratives that we saw in 2018.
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  We coped, right? Bitcoin fell from $20,000 and it
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  fell all the way back down to $3500.
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  And one of the institutions and one of the the coping mechanisms
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  that we kept hearing back in the day was the institutions are
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  coming. The institutions are coming.
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  No, they weren't coming, but the institutions are here.
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  Of course, we have Michael Saylor leading the charge,
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  owning more than 1% of the total Bitcoin supply.
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  You have Goldman Sachs out of all banks announce it came out
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  that they're that they hold over $400 million of the Bitcoin ETF.
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  So they have exposure to Bitcoin.
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  Mera announced that they are following in the footsteps of
• 9:07
  Michael Saylor and they announced a Bitcoin acquisition
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  strategy. It was very successful.
• 9:13
  They recently completed a private offering of $300 million
• 9:18
  in long term convertible senior notes to buy more Bitcoin.
• 9:22
  That was successful. The next step, the next the next
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  piece of news. JP Morgan and Wells Fargo have
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  also announced that they have exposure to the Bitcoin ETF.
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  The institutions are here, central banks.
• 9:39
  It's come out that the Central Bank of Norway and the Central
• 9:42
  Bank of Switzerland both have exposure to MicroStrategy.
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  Therefore, they have indirect exposure to Bitcoin.
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  Because when you buy MicroStrategy, the way that I
• 9:54
  see it, it's really like a leverage long on Bitcoin.
• 9:57
  So this is absolutely massive. And I think what you're going to
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  start to see this cycle specifically is you're going to
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  start to see the incentives align between these huge,
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  massive banks, as central banks included, and just regular
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  retail banks and the rest of us bitcoiners.
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  Now all of a sudden the Central Bank of Switzerland works for
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  you, the Central Bank of Norway works for you if you're a
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  bitcoiner, Marathon works for you if you're a bitcoiner,
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  Goldman Sachs works for you if you're a bitcoiner, Wells Fargo
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  works for you if you're a bitcoiner, and JP Morgan works
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  for you if you're a bitcoiner. This is what I'm talking about
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  when I talk about the aligned incentive structure, the State
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  of Wisconsin Investment Board. This was one of the first states
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  that announced that they were going to have a exposure to
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  Bitcoin. They just announced that they
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  increased their exposure to Bitcoin in their latest SEC
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  filing. So the institutions are here and
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  they can't get enough exposure to Bitcoin now.
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  It's not spot Bitcoin, it's fake ETF Bitcoin.
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  It's, you know, in the case of the central bank, it's not
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  direct. I mean, I don't think they could
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  do that, to be honest. You know how crazy though it
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  sounds. The Swiss central bank has
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  bought the Bitcoin ETF. So but they got exposure
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  indirectly through MicroStrategy.
• 11:25
  So yeah, this is crazy. This is nuts.
• 11:27
  All of this is coming together. And of course, this sets up 2025
• 11:33
  to be an insane year. Coming up in other news as well,
• 11:37
  we're going to talk about during the numbers is also the
• 11:40
  gaslighting of inflation. Yesterday came out that Kamala
• 11:45
  was going to try to impose price controls to stop the the price
• 11:52
  gouging, right? This is a typical gaslight.
• 11:55
  The price increases are coming from the debasement of currency.
• 12:00
  It is not coming from companies increasing their prices.
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  In a free market, if a company increases their prices too much,
• 12:09
  what happens? That creates an opportunity for
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  another company that isn't increasing their prices to take
• 12:15
  some of that market share. So again, this is an educational
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  issue. This is typical gaslighting.
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  And again, guys, I don't think it's a coincidence that the same
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  administration that is against Bitcoin is also gaslighting the
• 12:30
  public on inflation. That's just my opinion.
• 12:34
  Again, we've we have taken, we have gone above and beyond to
• 12:40
  try to remain neutral on this issue.
• 12:42
  That was until they locked Bitcoin privacy developers in
• 12:47
  jail. That was until they started
• 12:50
  going after our industry with a metaphoric regulatory 2 by 4 for
• 12:55
  the last couple of years. It gets to a point where you
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  know what guys like like we don't really like you guys very
• 13:03
  much. You guys haven't been really
• 13:04
  nice to us. So anyways, wanted to highlight
• 13:08
  that for you guys. It's going to be an incredible
• 13:09
  show. I want to bring up my Co host,
• 13:11
  Optimus Fields. He's wearing the Dang shirt to
• 13:14
  the Dang hat today. And of course our guests for
• 13:17
  today, Anthony Opti. What are?
• 13:19
  We going to go before I get to the culture, I do want to
• 13:23
  mention two points. The first one with what's his
• 13:26
  name, Chuck Schumer, like the only common sense regulation
• 13:30
  approach in my my opinion is just hands off, let Bitcoin do
• 13:33
  its thing. And you just love to see Mark
• 13:35
  Cuban and have Bitcoin Max. He's living rent free in his
• 13:38
  head. You just love to see the Bitcoin
• 13:39
  derangement syndrome play out in real time.
• 13:41
  It's absolutely. Those comments were interesting,
• 13:44
  right? Like he like it's like some
• 13:46
  class warfare type of thing. It's like your Trump is going to
• 13:50
  enrich the Bitcoin match. That's not how it works.
• 13:52
  Like Bitcoin is an equal. Like Michael Saylor does not
• 13:56
  have special privileges. He has to get in line and buy
• 14:00
  Bitcoin at the spot price like everybody else.
• 14:02
  If he wants it cheaper he has to mine.
• 14:04
  But mine is is is Mining is complex and it's capital
• 14:08
  intensive. So there is like a pleb is going
• 14:11
  to buy Bitcoin at the same price as Michael Saylor, right?
• 14:14
  So it's an equal equitable system as much as he would like
• 14:17
  to say otherwise. Anyways, Anthony, glad to hear
• 14:20
  you on the. Show today.
• 14:21
  Yeah, exactly. Super hyped to get Anthony.
• 14:24
  You got all the boys hanging out in the chat.
• 14:26
  If you don't. Know Anthony, he is what a
• 14:28
  contributor I think that's what you're telling me earlier the
• 14:31
  coordinator over at Stack Chain magazine so.
• 14:33
  You know you. Are the people Anthony?
• 14:35
  What is Stack Chain Mag? And then we're going to break it
• 14:37
  down really in the culture. Sure.
• 14:39
  So Stack Chain Magazine is kind of like a community art piece
• 14:43
  that came from stack chain. And if you guys aren't familiar
• 14:47
  with Stack Chain, stack Chain is just a Twitter meme where years
• 14:50
  and years ago pleb posted a $5 smash buy and said, even on days
• 14:56
  where I feel poor, I still stack SAT.
• 14:58
  Do you care to join me? And somebody replied with the $6
• 15:01
  buy and somebody replied to that with A7 an 8 a nine.
• 15:04
  And it hasn't stopped for two years.
• 15:06
  It's created an enormous community, Bitcoin businesses
• 15:10
  like my buddy John Proof of Ink Stack, Chain Magazine, it's and
• 15:15
  it just it hasn't stopped. Love it, man, love it.
• 15:17
  Well, I can't wait to break it down in the culture.
• 15:19
  But let's get into the show, Nico.
• 15:20
  We're running log on the opening monologue A. 100% All right
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  million U.S. dollars Realize monetary inflation 1.44% market
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  capitalization 1.18 trillion Bitcoin gold versus gold market
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  cap 6.95%. Anyways, ladies and gentlemen,
• 18:29
  let's talk about inflation. Inflation is one of those issues
• 18:33
  that once we get the majority of the population asking a very
• 18:37
  simple two very simple questions.
• 18:38
  Number one, what is money and #2 why should money lose purchasing
• 18:44
  power in order to function? We win this thing that's it it's
• 18:47
  game set match. They have absolutely no excuse
• 18:50
  for it. They have no reason to explain
• 18:53
  it. They they can't explain it.
• 18:55
  So what they're hoping for is that the populist remains
• 18:59
  uninformed. Do you want to know why they're
• 19:01
  so against Elon Musk and Twitter?
• 19:04
  You want to know why they're so pro censorship?
• 19:06
  You want to know why the legacy media is absolutely losing their
• 19:10
  minds that independent content creators are are getting more
• 19:13
  traction and engagement than they are?
• 19:15
  It's because the cat is getting out of the bag.
• 19:19
  It's a lot harder to control the narrative when it isn't just a
• 19:23
  handful of legacy media institutions that are in cahoots
• 19:27
  with the government. To be frank, if it's millions
• 19:29
  upon millions of individuals making their voices heard, then
• 19:34
  you know it's it becomes a, a, a free market of ideas and let the
• 19:38
  best idea win. And you know what's a terrible
• 19:40
  idea? Money that loses purchasing
• 19:42
  power. You know what's a wonderful
• 19:43
  idea? Deflation.
• 19:46
  Let's make deflation great again.
• 19:48
  Anyway, so let's check this out. This was from a White House
• 19:53
  press thing, and they asked, they asked Jared Bernstein.
• 19:59
  I believe Jared Bernstein is part of the president's economic
• 20:03
  advisor thing. He wrote the report last year.
• 20:08
  Were essentially they were trashing Bitcoin and they were
• 20:11
  promoting CCS. Wait anyway, sorry not the is
• 20:14
  that the guy who did was in the documentary that's.
• 20:17
  Exactly the guy that was in that.
• 20:19
  And this is exactly the guy that is responsible for writing the
• 20:21
  presidential economic report where they dedicated 20 entire
• 20:25
  pages to just crapping all over Bitcoin and promoting central
• 20:30
  bank digital currency. So this is exactly the guy that
• 20:33
  was in that interview where they were just like, yeah, the
• 20:35
  government could just print money.
• 20:36
  But wait, I don't know how it works exactly, but they print
• 20:40
  money or they buy loans. What's going on?
• 20:43
  Here it's like this is a top. Economic, I mean.
• 20:44
  I think they just have to gaslight you.
• 20:46
  So let's check out this question.
• 20:47
  You said we hear you, but you know, we've been hearing that
• 20:51
  message in some form over the past three years.
• 20:55
  And the fact is the prices are not coming down.
• 20:57
  They're going up. Debt is also rising.
• 20:59
  That's going up. So why should Americans believe
• 21:02
  the president and vice president?
• 21:03
  Well, there's some prices that are definitely coming down.
• 21:05
  So there are airfares. Airfares are hold on.
• 21:09
  Airfares hold on, hold on. Yes, airfares are lower now than
• 21:13
  when President Biden took office.
• 21:15
  So airfares are lower now than they were pre pandemic and
• 21:19
  airfares have been falling for about 15 months in a row year
• 21:23
  over year. But and of course, prescription
• 21:26
  prescription drugs, if you'll get prescription drugs, that's
• 21:29
  an area where we've taken firm action to lower prices.
• 21:34
  I would also say the following. We have more work to do.
• 21:37
  Prices are still too high. You have a point.
• 21:40
  Probably you said we hear you. OK, What are the what are the
• 21:44
  first two things that people care about?
• 21:47
  Food, energy, food. Energy flying on the plane.
• 21:50
  How do I get around? How do I pay for the gas in my
• 21:53
  car, how do I pay for the electricity to power my home,
• 21:56
  and how do I pay for food? Both those things are through
• 21:59
  the effing roof when the government is saying that they
• 22:02
  have more work to do. The best thing that the
• 22:06
  government could do as it relates to inflation is do
• 22:10
  absolutely not. In fact, in fact, it's not even
• 22:13
  do absolutely nothing. It's go away.
• 22:15
  Like it's literally decreasing the size of government and
• 22:19
  decreasing government spending that is actually going to lower
• 22:23
  the price of those things. Don't believe me?
• 22:25
  Here's Elon Musk when he did interview with Donald Trump on
• 22:29
  XA. Lot of people just don't
• 22:30
  understand, don't understand where inflation comes from.
• 22:34
  Inflation comes from government overspending because the checks
• 22:37
  never bounce when it's written by the government.
• 22:38
  So if the, if the, if the government spends far more than
• 22:42
  it brings in, that increases the money supply.
• 22:45
  And if the money supply increases faster than the rate
• 22:47
  of goods and services, that's inflation.
• 22:50
  So, so really we need to have, we need to reduce our government
• 22:55
  spending and we need to re examine.
• 22:58
  I think we, I think we need like a government efficiency
• 23:00
  Commission to say like, Hey, where are we spending money
• 23:03
  that's sensible? Where is it not sensible?
• 23:05
  And, and we need to live within our, our means.
• 23:08
  We, we, we're, we're currently adding, I think a trillion
• 23:11
  dollars to the deficit every roughly every hundred days.
• 23:16
  And, you know, the the interest payments on the national debt
• 23:19
  have now exceed the defense budget.
• 23:21
  It's a on the order of a trillion dollars.
• 23:23
  It's interest. And it's and it keeps, it keeps
• 23:25
  a lot of people just. Don't understand.
• 23:26
  So again, but Elon said is right.
• 23:30
  The problem is the trust. The problem is trusting that the
• 23:35
  government won't overspend. So let's say Trump wins and Elon
• 23:40
  gets his government efficiency, you know, Commission, whatever.
• 23:45
  That's just four years. They can lose the next election,
• 23:49
  right? And guess what happens?
• 23:52
  Maybe another administration and you know what they'll do?
• 23:55
  It's it's very easy to get votes when you promise people free
• 23:59
  things. The thing is, it's not free when
• 24:04
  you promise free things, what you're doing is you're printing
• 24:06
  the money, therefore you're stealing, right?
• 24:10
  So it the free college and free healthcare and free this, it's
• 24:14
  not free. They have to print in order to
• 24:17
  afford those things. the US government spent $1.7 trillion
• 24:21
  last year, more than it collected in tax revenue.
• 24:24
  How did it pay for that? Well, the United States
• 24:27
  government has the unique ability of basically creating
• 24:31
  money for free that everyone else has to work for without the
• 24:34
  government, without the currency hyperinflating because it is the
• 24:37
  world reserve currency. So none of this stuff comes for
• 24:42
  free and all of that. What Elon is saying is 1/2
• 24:45
  measure. How do you fix this?
• 24:47
  Bitcoin is the solution to inflation.
• 24:51
  The problem is trusting that the government won't overspend.
• 24:55
  Bitcoin fixes this because it requires no trust.
• 24:58
  Bitcoin is the solution to inflation.
• 25:00
  And guess what you don't have to get?
• 25:03
  You don't have to vote or get someone specific in the in
• 25:07
  office to start benefiting from you as an individual
• 25:12
  transitioning to a Bitcoin standard.
• 25:14
  When you as an individual transition to a Bitcoin
• 25:17
  standard, your life gets cheaper over time.
• 25:21
  It's beautiful, it's magic. It's a freaking cheat code.
• 25:25
  I cannot even describe. People don't believe it.
• 25:27
  It's one of those things that you have to experience to
• 25:30
  believe. Like, I can't explain that
• 25:32
  enough. So this idea of, you know,
• 25:37
  voting right, which I think is still incredibly important, but
• 25:40
  going to government to fix a problem that they caused in the
• 25:46
  1st place. And by the way, Republicans and
• 25:48
  Democrats are guilty of this is, is naive because everything that
• 25:54
  they do is going to cost money. If it's going to cost money,
• 25:59
  they have to print money in order to pay for it.
• 26:02
  Here's one of the latest articles which I find absolutely
• 26:04
  hilarious. This came out on Bloomberg
• 26:07
  yesterday, August 15th. Harris will proposed price
• 26:11
  gouging ban on food and groceries, also known as price
• 26:16
  controls. Price controls in the history of
• 26:20
  the world have never worked ever.
• 26:23
  What happens is, is if you install an official price by the
• 26:29
  government, the black market rate will pile up, will pop up,
• 26:33
  which will be the actual market rate of the cost of the good.
• 26:38
  This is insane. This is crazy.
• 26:41
  This is nuts. And again, the other thing that
• 26:44
  I don't like too is the attack on private industry because
• 26:48
  essentially the way that she's framing it is it's not us
• 26:52
  overspending. It's not us spending money we
• 26:55
  don't have. The fault is on the food
• 27:00
  producers and the grocery stores.
• 27:03
  It's their fault 100% and that's why the government has to step
• 27:07
  in and fix it. Now here's the thing, in a free
• 27:11
  market, if you increase the prices too much, your competitor
• 27:16
  is going to find an opportunity and they're going to provide the
• 27:19
  same good for a cheaper cost. Therefore, get your market
• 27:23
  share. The free market will take care
• 27:25
  of the prices. In general, the reason that the
• 27:28
  prices of food and energy are going up is because they're
• 27:32
  debasing the currency. And if you're a business owner,
• 27:35
  you have no choice but to raise your prices because if not,
• 27:40
  you're going to go out of business.
• 27:41
  It's like when they raised the minimum wage in California and
• 27:46
  then all the fast food restaurants just raise the price
• 27:50
  of their food and everyone's like, wait a second, why did the
• 27:53
  price of food? Because you forced to raise the
• 27:55
  minimum wage. And those businesses have to
• 27:58
  stay in business, so they have to raise their costs.
• 28:01
  Government is the single cause of inflation.
• 28:05
  They're solely responsible for it.
• 28:08
  It is not private industry. It's not private enterprise.
• 28:12
  Now the good news for you guys as Bitcoiners is it's very
• 28:16
  simple. You can opt out by saving and
• 28:20
  earning in a currency that is inherently deflationary.
• 28:24
  It's unconfiscatable and the government can't manipulate it
• 28:27
  to their advantage. Anyways, that's my take.
• 28:29
  Opti. What's your take on all this
• 28:31
  bro? Well, how far can I go here,
• 28:34
  Nico? First and foremost, Every. 5%.
• 28:36
  OK, OK, It's very, very simple here.
• 28:39
  The reason we're getting poorer is because they're printing too
• 28:42
  much money. The expansion of the money
• 28:43
  supply is what causes inflation. Inflation starts in Washington
• 28:48
  DC when they're printing obscene amount of money.
• 28:51
  This is the root cause of the problem here.
• 28:53
  This is why we're bitcoiners. This is why we love the 21
• 28:55
  million hard cap of Bitcoin, is because they can't print more
• 28:59
  Bitcoin. They can't debase your holdings.
• 29:01
  This is the whole feature of Bitcoin and this is exactly what
• 29:04
  we're fighting. And the gaslighting that you see
• 29:08
  coming out of, you know, the the swamp or whatever you want to
• 29:11
  call it is, is very telling. First and foremost, it just goes
• 29:15
  to show that most people are economically illiterate.
• 29:18
  And it's very concerning, especially someone that, you
• 29:21
  know, considers himself basically just a Bitcoin or just
• 29:23
  a, you know, elementary Austrian economist here.
• 29:26
  It's like, it's very simple, guys.
• 29:28
  It all starts with the expansion of the money supply and the fact
• 29:30
  that they've been gaslighting us or rather, you know, maybe,
• 29:33
  maybe can say brainwashing us, psyopping us for the last, I
• 29:36
  don't know, since the creation of the Federal Reserve that they
• 29:39
  have to print more money to continue to grease the economic
• 29:43
  wheel of the world is just absolutely incredible.
• 29:45
  This just goes to show there's such an uphill battle here in
• 29:48
  trying to, I hate using the word, but re educate our friends
• 29:52
  and family about how economics works.
• 29:54
  It's very simple. They're just paying too much
• 29:55
  money. And Nico, I know you said 75%,
• 29:58
  but I don't know how to necessarily say it 75%.
• 30:01
  Historically speaking, price controls lead to one thing, or
• 30:05
  rather are an end stage of one type of economic system.
• 30:09
  I will say it nicely as it is collectivism.
• 30:12
  You guys can parse out exactly what this is.
• 30:14
  So especially considering this like Democrats for crypto town
• 30:19
  hall thing. Like I'm, I'm, I'm at my witch.
• 30:22
  And with this, like just give them the benefit of the doubt.
• 30:24
  When I'm like, guys, it's very simple.
• 30:27
  Like we see exactly where there's going.
• 30:29
  You know, they, they can do this of like, oh, we're for crypto,
• 30:33
  we're for Bitcoin. And then on the very same day
• 30:35
  they're like, yeah, we're going to, we're going to cap prices.
• 30:38
  I'm like, bro, are you kidding me?
• 30:40
  Like, are you literally kidding me?
• 30:42
  And then you go on spaces and you're like, trust me, bro.
• 30:45
  Like we don't know her official stance.
• 30:47
  I'm like, yeah, I do. It's very clear what her stance
• 30:50
  is. She's a collectivist.
• 30:51
  It's very simple. Yeah, 100% a hundred.
• 30:54
  Percent, 100%. We're trying to be inclusive in
• 30:57
  our. I'm trying to be inclusive but
• 30:59
  save. Yourself with Bitcoin, it's for
• 31:01
  anyone. We did.
• 31:02
  Go ham if you guys want to. We did go ham on last
• 31:06
  Wednesday's show. Yeah.
• 31:07
  Can I say it? Can I say it?
• 31:08
  At this point, she's a Marxist. I mean, we had a whole
• 31:13
  conversation. Look it up yourselves, ladies
• 31:15
  and gentlemen, don't trade. Don't trust us.
• 31:17
  Verify it yourself. Anyways, Anthony, what's your
• 31:20
  take on this brother? Well, it's funny because we had
• 31:23
  a whole conversation about about how Opti wasn't going to do
• 31:25
  that. And I know.
• 31:26
  I'm sorry, I'm sorry, I'm triggered.
• 31:29
  So, I mean, price controls cause scarcity in products.
• 31:34
  When you tell a producer what they have to sell something for
• 31:38
  and that's below their cost, they stop producing it.
• 31:40
  And this is how you end up, you know, starving entire societies
• 31:44
  because if they can't sell the food at the grocery store
• 31:47
  because you're trying to get it to get them to sell it below
• 31:50
  cost, that means they can't buy it from the farmer, which means
• 31:53
  the farmer's not, you know, producing revenue for his proof
• 31:56
  of work. So he stops growing things.
• 31:59
  And and the American government is super incompetent at things
• 32:04
  like this. So if you take a look at like,
• 32:06
  like sugar, they, they instituted price controls on
• 32:11
  sugar a while ago and now everything is made with corn
• 32:14
  syrup. Meanwhile, the rest of the world
• 32:17
  just uses sugar and it's, that's just, it's just going to be more
• 32:21
  of that. So but Bitcoin wins stack sets.
• 32:24
  I mean, we Bitcoin is the solution to all these problems.
• 32:28
  And you know, you can opt out and you can save your time and
• 32:32
  labor in Bitcoin and you don't have to worry about, you know,
• 32:36
  if they put price controls on sugar or beef or or whatever.
• 32:40
  And it's almost as if, like, you know, taking control over the
• 32:44
  means of production and setting prices.
• 32:46
  That's home. It's almost like there was a
• 32:48
  manifesto written about. It interesting.
• 32:51
  It's almost as if we've seen this play out before over the
• 32:54
  last 100 years. Oh my God, it's, it's, it's not,
• 32:58
  you know what? It wasn't real all the other
• 33:00
  times. This time it's going to work
• 33:02
  anyways. For sure.
• 33:03
  For sure. This time's going to work,
• 33:05
  right? It's last time in America it's
• 33:07
  going to really work. Yeah, 100% right.
• 33:09
  Anyways, this is insane. Like this is nuts.
• 33:12
  OK, everybody, everybody. So now on to the bullish news.
• 33:16
  The institutions are here. Let's get to the news and talk
• 33:19
  about it. The Daily News.
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• 34:22
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  self custody of your wealth, taking back your financial
• 34:28
  sovereignty. And of course, you can only
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• 35:06
  All right everybody, the big news, the institutions are here.
• 35:10
  Holy cow it we were only what's 20/18/2024?
• 35:15
  It's only like 6 years late I guess, but the institutions are
• 35:20
  here. By the way, there's 1123 of you
• 35:23
  guys watching live between YouTube and X and about 40 or so
• 35:26
  watching live on Rumble. If you guys are enjoying the
• 35:29
  show so far, make sure to smash that like button and consider
• 35:33
  subscribing if you feel like we've provided you value so far.
• 35:36
  Anyways, what I mean by the institutions are here, well,
• 35:39
  let's get to it first. Here's a Chad Saylor tweeting
• 35:43
  about Marathon. So Mara's strategic Bitcoin
• 35:48
  acquisition, very, very similar to Michael Saylor's strategy.
• 35:53
  Essentially they raised $300 million in long term convertible
• 35:58
  senior notes. They offered it in a private
• 36:00
  offering. It was oversold.
• 36:03
  And they you know what they did with that?
• 36:04
  They bought a ton of Bitcoin and you know what's going to happen?
• 36:07
  Their stock is not going to go up because the market is going
• 36:12
  to see that Marathon now holds a ton of Bitcoin.
• 36:16
  And you know what's going to happen once their stock goes up?
• 36:19
  They're going to rinse and repeat and do the same thing,
• 36:21
  which is what Michael Saylor has been doing, which is the
• 36:24
  infinite money glitch, the so-called speculative attack on
• 36:29
  the dollar. OK, so these are two major
• 36:32
  companies, Michael. MicroStrategy, of course,
• 36:36
  Marathon, one of the world's largest publicly traded Bitcoin
• 36:39
  miners, and they're just using the Fiat system to raise money
• 36:45
  to buy more Bitcoin. Okay, so those are institutions
• 36:48
  #1 now let's talk about trad fight institutions.
• 36:51
  I actually have a buddy of mine went to high school and he works
• 36:55
  at Goldman and you know, he out of like my six or seven high
• 37:00
  school friends, all of them I've been able to orange peel at this
• 37:03
  point. But he has been the holdout.
• 37:06
  You know, he's hasn't believed it.
• 37:07
  He's like this is worthless, is not going to worth anything.
• 37:10
  There's no cash flow, blah, blah, blah.
• 37:12
  And when I heard this, I sent it to him.
• 37:16
  He was just like seven years too late.
• 37:18
  So the headline is Goldman Sachs holds over $400 million in
• 37:24
  Bitcoin ETFs. And what's interesting about
• 37:27
  Goldman is that they're one of the largest wealth management
• 37:30
  banks in the world. If you're a wealthy individual,
• 37:34
  a ultra high net worth individuals, someone that has
• 37:37
  $30 million worth of wealth or more, you need a minimum of $10
• 37:41
  million just to bank with Goldman Sachs.
• 37:45
  By the way, if anyone didn't know that, and soon again, this
• 37:50
  is what I've talked about, aligned incentive structures.
• 37:53
  We heard about JP Morgan getting the green light, or I think it
• 37:56
  was Morgan Stanley. I believe one one of the two got
• 37:59
  the green light. It was last week or the week
• 38:01
  before that their that their bankers had the ability to start
• 38:07
  pitching this to their clients. The Bitcoin ETF start selling
• 38:10
  the Bitcoin ETFs to their clients.
• 38:13
  What do you think happens when Goldman is now holding $400
• 38:17
  million worth of exposure to Bitcoin via the ETF?
• 38:22
  It's almost as if they're incentivized to start selling
• 38:24
  that to their clients also, right?
• 38:26
  So this is what I mean about aligned incentive structures.
• 38:28
  And now all of a sudden, if you're a bitcoiner, some of the
• 38:32
  most professionally trained, smartest people in the world,
• 38:36
  because, you know, Triadfi pays a lot of money, are now Bitcoin
• 38:41
  salesman. Now, are they Bitcoin salesman
• 38:43
  for spot Bitcoin? No, but there's Bitcoin salesman
• 38:47
  nonetheless via the ETF. So insanely bullish news.
• 38:54
  Another example of the ETFs, I mean, sorry, the institutions
• 38:58
  arriving. So the other piece of news,
• 39:01
  Wells Fargo, JP Morgan reported report holding Bitcoin ETFs,
• 39:07
  again one of some of the largest banks in the United States.
• 39:11
  And JP Morgan Chase and Wells Fargo joined the ranks of major
• 39:15
  global banks disclosing exposure to Bitcoin through investments
• 39:20
  in spot Bitcoin ETFs launched in January.
• 39:24
  According to 13 F filings, JP Morgan disclose investments
• 39:29
  totaling 731,000 in Black Rock's ETF, and Wells Fargo reported
• 39:36
  141,000 investment in Grayscale's GBTC.
• 39:41
  So it's just a little, you know, dipping their toes in the water.
• 39:44
  But here's the thing, ladies and gentlemen, once you dip your
• 39:46
  toes in the water and that small allocation starts to outperform
• 39:51
  the rest of your portfolio, it tends to be a one way St. you
• 39:55
  tend to want to get more exposure.
• 39:57
  And that's exactly what happened in the case of the State of
• 40:00
  Wisconsin investment board. Now what was really interesting
• 40:03
  about the state of Wisconsin was I remember when I was producing
• 40:06
  while I worked at Swan and I was leading their YouTube channel, I
• 40:10
  produced a show called Nakamoto Portfolio Gauntlet.
• 40:13
  It was with Dom Bay, Greg Foss, Joe Carlosari and Hafa Zaguri.
• 40:21
  And I remember the episode where they had members of the
• 40:25
  Wisconsin Investment Pension Board or pension fund on that
• 40:30
  show. And a couple months later, I'm
• 40:33
  not saying it's related, maybe it could be.
• 40:35
  But a couple months later, the state of Wisconsin announced
• 40:38
  that, hey, they got exposure to Bitcoin, right?
• 40:42
  I'm not saying the two things are related.
• 40:44
  Maybe they are. But this is incredibly bullish
• 40:46
  because now if you're a state employee of Wisconsin, you now
• 40:52
  have something at stake. So if there's any type of
• 40:55
  hostile Bitcoin regulation that could potentially hurt your
• 40:58
  bags, every single employee for the state of Wisconsin is going
• 41:02
  to go up in arms and say, wait a second, you're attacking my
• 41:05
  bags. This is what I mean about
• 41:07
  aligned incentive structures. You want to know why people that
• 41:11
  are pro Fiat, pro the existing system?
• 41:14
  You want to know why Elizabeth Warren was so hell bent on
• 41:17
  stopping Fidelity rolling out financial products as it relates
• 41:21
  to Bitcoin? It's because they don't want
• 41:24
  people to be incentivized by number go up technology because
• 41:28
  they lose. All they have is the coercive
• 41:32
  means of the state in order to force people into central bank
• 41:37
  digital currencies. They can't compete on the open
• 41:40
  market. Bitcoins incentives are going to
• 41:42
  rule the day every single time. So this is the latest news
• 41:46
  written by our boy Nick can't mine.
• 41:49
  The headline is state of Wisconsin investment board
• 41:52
  increase BlackRock Bitcoin ETF holdings SCC filings.
• 41:57
  So they started with dipping their toes in the water and
• 42:00
  guess what? They're like number go up.
• 42:03
  Maybe we should buy more, more institutions.
• 42:06
  Central banks acquire MicroStrategy stock Central
• 42:10
  banks from Switzerland and Norway have disclosed
• 42:12
  significant investments in MicroStrategy, a company known
• 42:16
  for its substantial Bitcoin investments.
• 42:19
  The Norwegian central bank has acquired 1.1 million shares,
• 42:23
  while the Swiss National Bank has acquired 466,000 shares.
• 42:28
  This move is seen as an indirect investment in Bitcoin by the
• 42:33
  central banks. Additionally, Barclays, the
• 42:36
  largest bank in the UK, holds over $60 million in
• 42:40
  MicroStrategy stocks. These investments are viewed as
• 42:44
  a significant endorsement of Bitcoin by major financial
• 42:49
  institutions. That is incredibly bullish.
• 42:52
  Now, why is this happening? Because MicroStrategy stock has
• 42:57
  outperformed everyone since they've adopted a Bitcoin
• 43:01
  standard. And this is what I mean by
• 43:03
  aligned incentives. Bow down to the king.
• 43:07
  You're not going to be Bitcoin. In fact, you're going to waste
• 43:10
  more money and more energy and you're going to be significantly
• 43:14
  poorer trying to fight Bitcoin than just coming on the boat and
• 43:19
  joining the party. It's a lot better out here.
• 43:22
  So anyways, this is this is insane news.
• 43:26
  We have central banks in the game.
• 43:27
  We have nation states in the game.
• 43:29
  We have public companies in the game.
• 43:31
  We have the largest retail banks in the game.
• 43:34
  We have the largest wealth manager banks in the game and
• 43:37
  they all have exposure to Bitcoin.
• 43:39
  Therefore, what do you what, what do you think they want?
• 43:42
  They want number to go up because they're holding those
• 43:45
  bags. We have the state of Wisconsin.
• 43:47
  They have exposure to Bitcoin. We all have something in common.
• 43:50
  Now, before you could say we had nothing in common with these
• 43:54
  banks. You could say that these banks
• 43:55
  were evil. They fucked us in 2008.
• 43:58
  We got screwed, Main Street bailed out Wall Street, Now all
• 44:04
  of a sudden Wall Street's incentives are aligned with
• 44:07
  mainstream incentives. If you're holding Bitcoin.
• 44:11
  So incredibly bullish news. Bitcoin is winning.
• 44:14
  It's literally unstoppable. I'm so excited for 2025.
• 44:19
  It's going to be absolute fireworks in my humble opinion.
• 44:23
  Opti, what's your take on all this?
• 44:25
  Well, First off, I want to say guys, can you hear that rumble?
• 44:30
  Can you hear the storm coming? Do you see the Stampede on the
• 44:34
  horizon? The.
• 44:35
  Stampede. This is the gradually then
• 44:37
  suddenly moment we've been talking about and we've been
• 44:39
  covering this for a while on our show that these institutions,
• 44:42
  like, I know the Bitcoin meme of like the institutions are
• 44:45
  coming. Well, they're finally here.
• 44:47
  And of course they move very slowly.
• 44:49
  And as we're seeing, and I think I said this in the beginning of
• 44:51
  the year, or rather probably when we officially got the
• 44:54
  BlackRock ETF approved that most likely Q4 of 2020, 24 is when
• 44:59
  we're going to see some really big fireworks.
• 45:02
  And I think this is kind of, I won't say the smoking gum, but
• 45:05
  like this is, is that like, you know, initial spark where now
• 45:08
  everyone is dipping, Well, not everyone, but a lot of big
• 45:10
  companies are dipping their toes into Bitcoin.
• 45:12
  And as we saw with the Wisconsin's pension funds, like
• 45:16
  they bought a little bit of Bitcoin, you know, the price
• 45:18
  hasn't really popped yet. And they're like, actually, you
• 45:21
  know what, we're going to double down and buy more Bitcoin.
• 45:23
  And that signal of the central banks, the European central
• 45:27
  banks, you know, getting basically a pseudo Bitcoin ETF
• 45:32
  by buying a bunch of micro strategy stock is very
• 45:35
  interesting. And again, this goes to what
• 45:37
  I've been saying for a while on the show that ever since Larry
• 45:41
  Fink, ever since Uncle Larry came to the Bitcoin game,
• 45:44
  whether you like him or not. It's like Uncle Larry's the.
• 45:46
  Goat. Uncle Larry, Pump my bag.
• 45:48
  The goat. The goat.
• 45:51
  But as I was saying, ever since that Black Rock ETF happened, it
• 45:54
  was, you know, for better or worse, whether we need
• 45:57
  politicians or Larry Finks of the world world, it was a
• 45:59
  legitimizing moment in the Bitcoin space.
• 46:02
  And it it just signals that we are maturing as an industry.
• 46:05
  And now that's going into every basically boardroom.
• 46:09
  All the asset managers in the world are now looking to Bitcoin
• 46:13
  as a legitimate investment. Yes, of course, as a Bitcoiner,
• 46:17
  we're like, OK, they're holding paper Bitcoin like it's not real
• 46:20
  Bitcoin. We want you guys to hold spot
• 46:23
  Bitcoin. But remember, there's still a
• 46:24
  lot of obstacles for them to actually acquire spot Bitcoin.
• 46:28
  Remember all this stuff MicroStrategy and Michael Saylor
• 46:31
  had to do to get Bitcoin on their balance sheet?
• 46:33
  Well, all of that is going to basically get cleared up in
• 46:37
  2025. So like the Stampede is coming.
• 46:39
  This is the gradually then suddenly moment we've been
• 46:41
  talking about. And for everyone in the chat,
• 46:43
  that's like it's just paper Bitcoin like go check out, check
• 46:47
  Macy's work on Twitter and he he's done the research and and
• 46:51
  you know, he's followed all of the coin and there they are
• 46:54
  actually buying that Bitcoin. Yes, we don't know if they're
• 46:58
  rehypothecating that Bitcoin. You know, there is custody
• 47:01
  concerns because it seems like only coin base is the one
• 47:03
  custodying those bitcoins. So like there is concerns here,
• 47:08
  but they are actually buying up all that Bitcoin and also the
• 47:11
  the news story yesterday, Nico, remember, we've been covering it
• 47:13
  for the last week of like, wait, the US government's going to
• 47:16
  dump Bitcoin now apparently. Like what was it 10,000 Silk
• 47:20
  Road coins got sent to Coinbase. So like This is why This is why
• 47:24
  the price is being suppressed right now is shouts at the US
• 47:27
  government for giving us cheap sets.
• 47:28
  Absolutely love it. Yeah, they're literally
• 47:31
  separating money from state. It's wonderful.
• 47:33
  Anyways guys, if you are selling Bitcoin right now, at the moment
• 47:37
  you are probably selling it to Black Rock or a central bank or
• 47:42
  a public company. Also also also, if you're buying
• 47:45
  Bitcoin right now, you're buying the US government's Bitcoin,
• 47:48
  which is the real. Signal here.
• 47:50
  Anyways, jump in, Anthony. So I mean, at the end of the
• 47:53
  day, the Fiat value is going to be whatever the Fiat value is
• 47:56
  going to be. The most important number to you
• 47:58
  is your stack height. If you have more Bitcoin today
• 48:01
  than you had yesterday, you're doing it right.
• 48:04
  And that's, you know, that's you can't be concerned with the
• 48:08
  black. These are all just like guessing
• 48:10
  games. Who the hell knows what
• 48:11
  BlackRock is doing? Maybe every Bitcoin on Coinbase
• 48:15
  is really just the government's Bitcoin.
• 48:16
  They haven't issued A61O2 for it yet.
• 48:19
  But none of that matters because the Bitcoin that I have in cold
• 48:22
  storage is mine. And as long as that number is
• 48:25
  going up, I'm doing it right. 100% and Nico, perfect
• 48:30
  transition to the culture today. As Anthony said, the only number
• 48:34
  that matters is the coin under your control and whether you are
• 48:38
  stacking and and you know, getting more sad.
• 48:41
  So let's talk about stack chain with Anthony right now, and this
• 48:44
  is going to be fun. Absolutely everybody.
• 48:46
  We we still got the culture segment coming up guys, if you
• 48:50
  are enjoying the show, there's 1300 of you guys watching live,
• 48:54
  make sure to smash that like button.
• 48:55
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• 48:58
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• 49:01
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• 49:05
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• 49:07
  through Friday, 12:15 PM Eastern Standard Time.
• 49:11
  Smash that like button. All right, everybody, let's hit
• 49:13
  the culture. Lots to talk about.
• 49:17
  The daily culture. All right, ladies and gentlemen,
• 49:26
  I do want to give a shout out to our sponsor, the Orange Pull up
• 49:29
  Stack Friends who stacks sats join the 11,022 Bitcoiners that
• 49:35
  are currently on the app. What is the Orange Pull up?
• 49:38
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• 49:42
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• 49:44
  So if you're traveling, you go to a new city, or perhaps you've
• 49:48
  been living in your city for quite a while and you just don't
• 49:50
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• 49:52
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  You pull up the Orange Pull app, you'll see events and you'll see
• 49:57
  fellow Bitcoiners near you. It gives you the ability to send
• 50:01
  them a message directly connect with them.
• 50:04
  It's also one of the best ways to reach me.
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  I don't really answer Twitter DMS these days or emails, but if
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  you want to reach me directly, download the orange pull app,
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  send me Adm and every week or so I make sure to go through every
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  single one of the messages and get back to every single one of
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  you guys. The orange pull app is the
• 50:20
  Bitcoin social layer downloaded today.
• 50:23
  Scan the QR code or check the link in the video description to
• 50:27
  get started. Man I'm excited about this.
• 50:29
  I'm a huge fan of Stack chain Magazine.
• 50:32
  I I saw a copy of it, I forget where it was dude.
• 50:35
  Yeah, I was telling him to say I think it was in El Salvador.
• 50:38
  It was in El. Either bitlock boom or El
• 50:40
  Salvador. I was thinking the same thing
• 50:41
  earlier. I'm a huge fan of the artwork, I
• 50:44
  just let's make them full screen for a second Opti.
• 50:46
  Like wait, wait, they're saying they're saying you should flip,
• 50:49
  flip it, but it might be a little late.
• 50:51
  So yeah, press S on the keyboard and the and the video settings
• 50:55
  will come up and you can mirror it.
• 50:56
  But but we don't want to throw you off.
• 50:58
  But let's let's talk about stack chain.
• 51:00
  There we go there. You go.
• 51:00
  There you go. OK, cool.
• 51:02
  Perfect. So anyways, opti all yours.
• 51:05
  Yeah, let's go. All right.
• 51:06
  So Anthony, let's let's start with just the origin of Stack
• 51:09
  Chain in general because that will lead us into what the
• 51:12
  magazine was about. So what is Stack Chain for all
• 51:15
  the people that probably aren't familiar with the work you guys
• 51:18
  are doing as a community? So so stack chain is a meme that
• 51:22
  just kind of came had like an Immaculate Conception.
• 51:24
  And I mentioned it a little bit earlier, but Arizona huddle, he
• 51:27
  just posted a $5 smash buy and he said, you know, with the
• 51:31
  taxes said even on days where I'm feeling, you know, poor as
• 51:35
  hell, I still stack sets. Would you care to join me?
• 51:38
  Somebody replied to that $5 Smash buy with a screenshot of a
• 51:42
  six and somebody replied to that with A7 and an 8 in a chain of
• 51:46
  stacks, a stack chain. And it, it hasn't stopped.
• 51:50
  It's been 2 years. It's created a whole community
• 51:56
  in we, we stacked, we, we create, we gamified stacking.
• 52:01
  Basically. I like, I'm going to say like
• 52:03
  during the bear market of 2122, I stacked 10 times as many stats
• 52:10
  just because of stack chain, a stupid little Twitter thread
• 52:14
  because I, you know, I didn't want like a like a, a wookie to
• 52:18
  like win a Twitter thread. And it's all bullshit.
• 52:21
  It's all a meme. It's just plebs having fun
• 52:23
  stacking sats. But the sats are real and
• 52:26
  they're all in cold storage. And more importantly, what Stack
• 52:29
  Chain is, is it, it kind of became like a beacon, kind of
• 52:33
  like a lighthouse for convicted Bitcoin because the average
• 52:36
  Bitcoiner doesn't have a podcast or doesn't work for a Bitcoin
• 52:39
  company. But like, we're just as excited
• 52:41
  about Bitcoin as like Opti and Nico, like, you know, we want to
• 52:45
  do Bitcoin stuff. And Stack Chain was it was a
• 52:48
  place where you could come together with other like minded
• 52:53
  Bitcoiners because most Bitcoiners are alone in the
• 52:56
  world. They go to work, their families
• 52:58
  don't understand them, their coworkers don't understand like
• 53:01
  we we understand that we have this like cheat code of being
• 53:05
  able to save our time and labor and the soundest money ever
• 53:08
  created. You know, the scarcest thing
• 53:11
  that it that exists in the universe as far as we know, and
• 53:15
  it's going to have all this impact and make such a change in
• 53:19
  society and improve our lives and everybody thinks we're lame
• 53:23
  and you know, everybody's like, oh, are you still into that
• 53:25
  Bitcoin thing? But when you have a community
• 53:29
  like stack chain it, all that noise goes away and you just get
• 53:34
  to hang out with people that are as convicted about Bitcoin as
• 53:38
  you are. And then the end result is you
• 53:41
  do Bitcoin because of stack, because of a little Twitter
• 53:44
  thread. I have literally travelled
• 53:46
  around the world. I was at the halving party in El
• 53:48
  Salvador, which is probably where you guys saw that
• 53:50
  magazine. I've been to Pacific Bitcoin
• 53:54
  twice. I just came back from Nashville
• 53:56
  and it's just me and my friends just running around just doing
• 54:01
  just building, building in Bitcoin, building a community.
• 54:04
  And that's that's kind of what the magazine is just like I
• 54:06
  said, like proof of ink is John's company and now you know,
• 54:12
  he makes shirts as a result of stack chain.
• 54:14
  He makes them with his own hands.
• 54:15
  They're not like drop ship proof of ink proof of work.
• 54:20
  The magazine was a collaborative art piece.
• 54:23
  Two of our two of our buddies in the stack chain, Syduk and
• 54:28
  George saw that Bitcoin magazine was doing ordinals and we're
• 54:33
  like, all right. So like, you know, it's Bitcoin
• 54:36
  magazine. It has Bitcoin in the name, but
• 54:38
  like, where's the place for us? Like if they're going to go do
• 54:41
  ordinals, like, you know, where's where's the place for
• 54:45
  like laser eye Bitcoin maxies and they're like, we should
• 54:48
  create a magazine and that's that's where stack chain
• 54:51
  magazine came from and it and nobody's getting paid.
• 54:55
  This is all volunteer. We don't have ads, we don't have
• 54:58
  sponsors. We're we're just plebs that that
• 55:02
  want to tell our story or contribute art and we're so
• 55:06
  blessed with so many talented artists that have been doing the
• 55:09
  cover, like log for the cover art is done by Maxi Maxi club,
• 55:14
  who's amazing. The last one was the having
• 55:18
  artwork from Bitcoin trading cards, Aladdin over there.
• 55:22
  Bitcoin trading cards is is our buddy and such a huge fan.
• 55:26
  We're, we're just extremely, extremely blessed to have so
• 55:30
  many wonderful and talented Bitcoiners contributing and
• 55:35
  that's what this is. It's statue magazine is like a
• 55:38
  collaborative community art project where Bitcoin artists
• 55:43
  and plebs can tell their stories.
• 55:46
  Buy plebs 4 plebs. The magazine is limited in
• 55:50
  addition, so we only print a certain amount and when they
• 55:53
  sell out, they sell out. We do not reprint.
• 55:57
  And yeah, we do have a website. The articles do end up online.
• 56:03
  But like you guys said, you're taking a look at the magazine.
• 56:06
  The articles are just the text. It's not like APDF.
• 56:10
  And the magazine is an art piece.
• 56:14
  And it's an amazing art piece. Like this magazine literally
• 56:17
  could not exist without Bitcoin. The, the designer of the
• 56:21
  magazine, like the layout, how everything looks inside, how
• 56:24
  beautiful it is, is a goat farmer in Venezuela.
• 56:28
  And he just stumbled upon stack chain and we adopted him and it
• 56:32
  turns out he's an, he's an amazing, you know, designer and
• 56:38
  that's, you know, so, so because we're just a collection of
• 56:42
  people that just love Bitcoin and we, we love each other as
• 56:47
  friends and we want to contribute to Bitcoin.
• 56:50
  Bitcoin is a social network as much as it's a protocol, Like,
• 56:54
  like this revolution, it only works when like, actual people
• 56:58
  come together and do things. And you know, that's kind of
• 57:03
  what Stack Jay Magazine is. Love it, bro.
• 57:05
  And, and first of all, before I, I, you know, kind of pivot the
• 57:09
  conversation, I, I did see one of these magazines in their
• 57:13
  absolutely incredible quality. I was like impressed by the the
• 57:17
  actual quality of it. When I saw the first one, I
• 57:19
  think it was the volume one, I was like, wow, like this is a
• 57:22
  this is like a very, very nice magazine.
• 57:25
  Like good job, guys. But I do I do want to hit on two
• 57:29
  things. One quick, do you know what the
• 57:32
  stack chain number is at right now?
• 57:34
  Like what are the stack chain buys?
• 57:36
  Because you said it, it elevates, right.
• 57:38
  So everyone is bigger than the last one.
• 57:41
  So I haven't been up to date on all the things that the stack
• 57:44
  chain, the actual chain is doing.
• 57:46
  But what's the buyout today? So I think it's at 1928, I want
• 57:52
  to say. And a lot, a lot of people can't
• 57:54
  hang with Stack Jane for too long because once you get into
• 57:58
  the notification, it's like a bomb.
• 57:59
  It's like a notification bomb, which for some of us that's like
• 58:02
  part of the fun. Like as soon as you get in
• 58:04
  there, you're just your notifications get blown out,
• 58:07
  Bitcoin Twitter just kind of disappears and your whole or X,
• 58:12
  my bad, X, your whole X experience becomes like stack
• 58:16
  chain and everything else just kind of goes away.
• 58:18
  So a lot of people, they jump in there, they get the notification
• 58:21
  bomb, they enjoy it for a while and then they and then they
• 58:24
  bounce. The other thing about stack
• 58:26
  chain is like there's no rules. Nobody's in charge.
• 58:30
  So it kind of it, it kind of forks just like, just like
• 58:34
  Bitcoin can have a chain split. If people are stacking on the
• 58:39
  stack chain and they prefer to go a different like direction,
• 58:44
  they can just like build their own little chain.
• 58:47
  And, and the chain kind of decides like whether the, if
• 58:50
  the, if other stack chainers decide that they want to stack
• 58:54
  there, then that becomes the, you know, just like Bitcoin,
• 58:59
  right? Like if you have a fork of
• 59:00
  Bitcoin, it's the nodes and it's the users who are going to
• 59:04
  decide what the, the genuine version of Bitcoin is.
• 59:08
  And stack chain is very much like that.
• 59:09
  Love it. OK, Anthony, we did talk about
• 59:12
  this earlier, so it's not me putting you on the spot, but I
• 59:14
  did know, or you did tell me that you wanted to hit on some
• 59:17
  of the FUD about the stack chain movement.
• 59:20
  So what would you say to the people out there saying that
• 59:24
  stack chain is dumb because you're doxing your buys?
• 59:27
  I would say you bring up a very good point, but go fuck
• 59:31
  yourself. Like like basically, basically
• 59:34
  this is how we play with our Bitcoin.
• 59:36
  So like you're a grown ass man on the Internet, you're going to
• 59:38
  tell other grown ass men like what to do with their, you know,
• 59:42
  with their stacks. I mean, there's Bitcoin is for
• 59:47
  everybody and we just, we just choose to do this and I wouldn't
• 59:50
  take it back for anything. And like this is literally one
• 59:52
  of the best things that ever happened in my life.
• 59:54
  Like some of my best friends I met through stack chain, like I
• 59:58
  said earlier, I've traveled all over the world.
• 1:00:00
  This magazine, I, I love this magazine because like This Is
• 1:00:04
  Us. Like, I'm not a salesperson, you
• 1:00:07
  know, but I can come up here and I can talk about this for hours
• 1:00:10
  because this is me and my friends.
• 1:00:14
  And and other big, I love Bitcoiners like you guys, you
• 1:00:17
  guys have the show and your show is an intersection between
• 1:00:21
  bitcoiners and maybe like no coiners and you know, maybe shit
• 1:00:25
  corners, you know, everybody because it's such a big show.
• 1:00:28
  And so there's trade-offs. You have advertisers like I just
• 1:00:33
  get to be with Bitcoiners, that's it.
• 1:00:35
  And Bitcoiners are amazing people.
• 1:00:37
  They do amazing things, they build, you know, and why I
• 1:00:43
  wouldn't trade that in for anything.
• 1:00:44
  So a few like screenshots on Twitter that you know, provided
• 1:00:51
  me with all this fun encouraged me to stack my ass off.
• 1:00:55
  Like stack chain stacked all the way from 60K down to 15
• 1:01:01
  non-stop. We're talking 10s of millions of
• 1:01:05
  dollars of Bitcoiners just smash buying Bitcoin and throwing it
• 1:01:10
  into cold storage. And I would say at least half of
• 1:01:14
  that wouldn't have happened if we weren't like in Stack Chain.
• 1:01:21
  Love it, bro. Yeah, I mean, there's definitely
• 1:01:22
  something to like, gamifying and having a community of people
• 1:01:26
  stacking. I know when me and Nico got in
• 1:01:27
  around like 2017, it was basically like American Hotto
• 1:01:30
  being like, stack your balls off you, you'll regret it.
• 1:01:34
  And so it's just kind of like a new iteration of that same era.
• 1:01:37
  But I do kind of want to pivot back to the magazine.
• 1:01:40
  So let's talk about the magazine and then what the road map is
• 1:01:43
  and, and how the process works and if anyone out there can
• 1:01:46
  participate in the mag and and all that stuff before we roll
• 1:01:49
  out today's show. Yeah, no problem.
• 1:01:53
  Excuse me, the so the road map going forward is we're going to,
• 1:01:56
  we're going to keep producing issues.
• 1:01:59
  This thing has caught on like wildfire.
• 1:02:02
  So if you're looking at the magazine and you're thinking
• 1:02:03
  that you want a copy, go get a copy because we, we've already
• 1:02:08
  sold half of log 4. The first three issues and the
• 1:02:12
  holiday issue that you got up on screen right now are completely
• 1:02:14
  sold out. Once they sell out, we don't
• 1:02:17
  reprint. So, you know, we maintain the
• 1:02:20
  scarcity of the actual physical copy of the magazine.
• 1:02:23
  So if you're interested in getting one, don't, don't wait.
• 1:02:29
  And then the next magazine, the next issue we're calling round
• 1:02:34
  five. We already have a cover artist.
• 1:02:36
  The cover is going to be by Maddox, which is, you know, we
• 1:02:39
  are so blessed. We are so blessed.
• 1:02:42
  That's so much of my money yeah yeah.
• 1:02:45
  And it's going to be an amazing. And then we we even we're even
• 1:02:49
  working on the six issues. So it's pretty much this whole
• 1:02:54
  thing is driven by plebs and it the excitement and the energy
• 1:03:01
  that people have for Bitcoin. That energy goes somewhere and
• 1:03:05
  like I said, if you're not a if you're not a podcaster or a
• 1:03:08
  Bitcoin CEO or something, that energy still exists within you.
• 1:03:13
  And as long as you're not a shit coiner and you know, as long as
• 1:03:18
  you're genuine stack chain is your home.
• 1:03:21
  Like you can come hang out with us.
• 1:03:23
  And if you want to contribute to the magazine, just hit me up.
• 1:03:26
  And have a question. We'll figure it out.
• 1:03:28
  Yeah, I have a question. So, so hit you up if you want to
• 1:03:32
  contribute, which is awesome. And we might just do that as
• 1:03:34
  simply because this is an incredible project that that
• 1:03:37
  you've. Open invitation, man.
• 1:03:39
  Thank you so much. And my question to you is I
• 1:03:41
  actually saw this question from XX in the chat.
• 1:03:45
  These magazines have absolute scarcity in a way.
• 1:03:48
  Of course you could always print more, but then what I'm trying
• 1:03:50
  to say is that you you do a specific batch and if you don't
• 1:03:54
  get from that specific batch, they're sold out forever.
• 1:03:57
  So per per addition, sure. So the first one we printed. 210
• 1:04:03
  copies because we had no idea what was going to happen.
• 1:04:05
  Like are people going to be into it?
• 1:04:07
  Is it going to flop? And those eventually sold out.
• 1:04:11
  It took a while. So the second and third issue,
• 1:04:15
  there's also 210 that were printed log for this this
• 1:04:20
  current issue, we printed 4/20 because stack 3 sold out in like
• 1:04:28
  a month. So there's people that are like,
• 1:04:30
  oh, I didn't get, you know, like we want the scarcity, but like
• 1:04:33
  we also want people to like be able to get their copy, you
• 1:04:36
  know, so we increase the print size on log 4.
• 1:04:42
  But yeah, I think that answers the question.
• 1:04:45
  I mean, once they're gone, they're gone.
• 1:04:46
  Like we, we make the scarcity is important to bitcoiners, so we
• 1:04:51
  like we make that commitment to you.
• 1:04:52
  There's not there's never going to be APDF on the magazine
• 1:04:55
  online. We're not going to reprint and I
• 1:04:57
  understand, you know, verify, don't trust.
• 1:05:00
  So on that one, you're just going to have to trust me, bro.
• 1:05:02
  But you know that that's what's up.
• 1:05:05
  But we had a holiday edition where we only printed 58 'cause
• 1:05:09
  that was that was like Sally was heading that one up Yeah, of
• 1:05:12
  course. Awesome.
• 1:05:13
  I bet you those sold out like. Hotcakes.
• 1:05:15
  Yeah, exactly. They sold.
• 1:05:16
  In like 24 hours. Incredible.
• 1:05:18
  Anthony the the last. Thing I I, I was going to wrap
• 1:05:21
  it up, but I think just to like further the point of scarcity
• 1:05:24
  tell tell the audience about the resale value of the volume one
• 1:05:28
  stack chain magazine. It's absolutely incredible.
• 1:05:31
  Yeah. So I I don't know.
• 1:05:33
  I don't. Want to like come off as like a
• 1:05:34
  shit coin, like you're going to buy the magazine.
• 1:05:36
  And yeah, this won't happen for everyone, but it happened.
• 1:05:40
  But yeah, so I mean, people love.
• 1:05:41
  The magazine and, you know, people who got like, you know,
• 1:05:47
  like stack three or block 2 or whatever, they they didn't get
• 1:05:50
  all the copies that they want to get.
• 1:05:52
  They're trying to figure out how they can get copies that they
• 1:05:55
  don't have. And one of the volume ones a
• 1:05:58
  couple months ago sold for 1.3 million SAT's on the secondary
• 1:06:04
  market. Yeah, so that's crazy, dude.
• 1:06:07
  That's perfect now. That that.
• 1:06:09
  Blew my mind. We're in the wrong business, I
• 1:06:12
  know. What are we doing?
• 1:06:13
  What are we doing? So that.
• 1:06:14
  That's a. Private sale, like, you know,
• 1:06:16
  people decide to do whatever, but the actual magazine itself,
• 1:06:21
  nobody gets paid. We're, we're all volunteers.
• 1:06:23
  There's no ads, there's no sponsors because we don't want
• 1:06:28
  to be beholden to anyone. You know, we want to be able to
• 1:06:31
  say whatever we want to say or include whatever content we
• 1:06:35
  want. So it's a, it's a snatching
• 1:06:39
  magazine is a product of our love and energy towards Bitcoin
• 1:06:44
  and, and when you open up the magazine and you take a look,
• 1:06:47
  you, you can see it. I love it and I believe it man
• 1:06:50
  and. And you know, I've, I've, I've
• 1:06:54
  seen so many projects like we had the gentleman from Bidax the
• 1:06:59
  other day and awesome guy, very kind of.
• 1:07:02
  Similar organic. And simply honestly, it's very
• 1:07:05
  similar. Like I had no media experience
• 1:07:08
  whatsoever. And through trial and error
• 1:07:10
  iterations, like you get better at it over time.
• 1:07:14
  So it's like these beautiful, you know, passion projects in
• 1:07:18
  Bitcoin that you know, you stick to and then eventually you get
• 1:07:22
  funding or it becomes a business.
• 1:07:25
  Like it always starts as a hobby.
• 1:07:27
  And then before you know it, I had the same reaction.
• 1:07:29
  I was like, wait a second, like people are actually watching me
• 1:07:32
  like this is nice. Like so you know, all the power
• 1:07:35
  to you. And I think it's also like a
• 1:07:37
  testament of our movement. You know, our movement is so
• 1:07:40
  powerful that people just love Bitcoin content.
• 1:07:45
  Bitcoin, you know, magazines, you know, Stack, Chain
• 1:07:49
  magazines, podcast, music. And I said this and it was
• 1:07:54
  actually quoted by the Guardian the other day.
• 1:07:56
  They were trying to shit on me. And it's actually not my quote.
• 1:08:00
  I actually got it from Andrew Breitbart.
• 1:08:02
  But the quote goes along along the lines of you want to win
• 1:08:06
  over the politics, you have to win over the culture because
• 1:08:09
  culture is downstream from politics.
• 1:08:11
  Ladies and gentlemen, what you see in Stock Chain magazine is
• 1:08:16
  culture. That is culture.
• 1:08:18
  That is if you want to define culture, there would be a
• 1:08:21
  picture of stock chain magazine. It is Bitcoin culture.
• 1:08:23
  It's it's embedded in it. It's in the artwork, right?
• 1:08:26
  Comes from the heart. That's what we mean by winning
• 1:08:29
  over the culture. So spread that message out, you
• 1:08:32
  know, gift those stock chain magazines and remember this
• 1:08:36
  revolution is information narrative trench warfare.
• 1:08:40
  Magazines are a form of information and we have to win.
• 1:08:43
  Some might call them pamphlets, you know, you know, Hey.
• 1:08:47
  Hey, I don't know. I don't know.
• 1:08:48
  But anyways, Anthony, before we end this, plug the mag one more
• 1:08:51
  time, plug where people can find you and yeah, last call of
• 1:08:55
  action. Sure.
• 1:08:56
  So the website is Stack Chain Magazine.
• 1:08:58
  Dot net, probably the best place to get a copy would be proof of
• 1:09:03
  ink.com. Like ink proof of ink.com.
• 1:09:09
  John is the one that's handling our our distribution as of right
• 1:09:13
  now and does a fantastic job. You can follow us on Twitter at
• 1:09:17
  stack chain mag and if you're anywhere in Bitcoin Twitter,
• 1:09:22
  you'll you'll stumble upon stack chain so beautiful say hello
• 1:09:25
  beautiful. All right ladies and.
• 1:09:28
  Gentlemen, that was the show for August 15th, 2024.
• 1:09:31
  I'm your host, Nico is my Co host Optimus Fields and our
• 1:09:34
  guest today from Stack Chain magazine.
• 1:09:37
  Anthony go to Stack Chain to me make sure I get that right.
• 1:09:40
  Go to stackchainmagazine.net to find out more information.
• 1:09:44
  You can get yourself a copy at proof of ink guys.
• 1:09:47
  If you guys enjoyed the show, smash the like button and
• 1:09:50
  consider subscribing if you feel like we provided you value.
• 1:09:53
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• 1:09:56
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• 1:10:02
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• 1:10:05
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