Latest / Simply Bitcoin / Michael Saylors NEW Bitcoin ATTACK UNLEASHED on $33T Market! | EP 1293

Transcript

Michael Saylors NEW Bitcoin ATTACK UNLEASHED on $33T Market! | EP 1293 · Simply Bitcoin

• 0:00
  So not only did the world's largest bank, a $4 trillion
• 0:04
  giant, just launch Bitcoin backed loans, but of course
• 0:10
  Michael Saylor has just come out with a brand new product that
• 0:14
  he's calling Stretch. And this new product, it's very
• 0:19
  different to Strife, Stride and Strike that he launched
• 0:24
  recently, which is attacking the $300 trillion bond market
• 0:29
  because Rich, this is attacking the $120 trillion market for
• 0:35
  money. So today we're going to be
• 0:37
  breaking down just how much capital could Michael Saylor's
• 0:41
  new products actually attract because again, there is $900
• 0:45
  trillion of wealth in the world. So today we want to not only
• 0:48
  break down what this new Michael Saylor product is, but also talk
• 0:52
  a little bit more about Jamie Diamond's Bitcoin backflip with
• 0:56
  his announcement that we're going to talk talk about.
• 1:00
  I want Opti to chime in. Where do you want to take this
• 1:02
  show first, Opti? What do you want to talk about?
• 1:04
  Sailors, big news or Jamie Dimon's Bitcoin?
• 1:08
  Let's do let's start with Jamie Dimon because that one's going
• 1:11
  to be a little quicker. RIP.
• 1:12
  And then we got a lot of stuff to kind of breakdown exactly
• 1:15
  what sailor is doing. It's it seems like an incredible
• 1:18
  move. Of course, I think this is above
• 1:20
  Luke and hours pay grade here, but we're going to try to break
• 1:23
  this down for you guys as best as we can.
• 1:25
  And of course, we have Eric here, Eric Gilbert Williams,
• 1:29
  author of Coin Lords, a new sci-fi book that's about to
• 1:32
  drop. So interesting stories at the
• 1:35
  end of the show. But Luke, let's dive into Jamie
• 1:36
  Dimon. Let let's breakdown this news
• 1:39
  and we'll talk about it. And then really breakdown, I
• 1:41
  think the the more bigger news story coming out of Sailor
• 1:46
  himself. Yeah, So of course people will
• 1:49
  read this headline that we've got up on screen.
• 1:51
  JP Morgan, this is again $4 trillion bank is now considering
• 1:57
  crypto back loans as traditional banks warm through digital
• 2:01
  assets. So many people probably saw that
• 2:03
  and thought, hang on a minute, JP Morgan, is that the same JP
• 2:07
  Morgan with the CEO Jamie Dimon that called Bitcoin a Ponzi
• 2:12
  scheme back in 2017? And it is.
• 2:14
  It's the same guy. Jamie Dimon has gone full circle
• 2:18
  from 2017 calling Bitcoin a decentralized Ponzi scheme,
• 2:22
  saying it's only used by money launderers and drug criminals,
• 2:26
  to now coming out and literally offering Bitcoin.
• 2:29
  Backed loans. I saw this and I thought it was
• 2:32
  absolutely fascinating. And I just think the magnitude
• 2:36
  of the pivots is what is catching attention on Wall
• 2:40
  Street because it's not just, you know, Jamie Dimon going from
• 2:45
  skepticism to strategy. But let's not forget Larry Fink,
• 2:49
  Black Rock. We have a lot of pivots we want
• 2:51
  to talk about today, but let's talk about what just happened
• 2:54
  now. So according to the reports, JP
• 2:57
  Morgan plans to offer a secured lending product where clients
• 3:02
  can use Bitcoin holdings as collateral.
• 3:06
  At first the loan service would be using ETFs and later it might
• 3:11
  include some direct products like Bitcoin.
• 3:13
  So that'd be interesting if it's on chain Bitcoin, but in the
• 3:17
  beginning it looks as if it's just going to be Bitcoin ETF.
• 3:21
  So this would be like black rocks IBIT Bitcoin ETF or
• 3:24
  Fidelity's ETFI. Don't think it matters exactly
• 3:28
  what they're using to begin with.
• 3:30
  Obviously, we're self custody maximus here.
• 3:32
  It's simply Bitcoin, but I think it's just the fact that they're
• 3:35
  pivoting into Bitcoin. I think that's the signal here
• 3:38
  that I think is really fascinating because we also
• 3:41
  covered recently the fact that JP, JP Morgan was buying
• 3:44
  hundreds of millions of dollars of MicroStrategy stock.
• 3:49
  Again, this came out just recently.
• 3:51
  We saw hundreds of millions of dollars of MicroStrategy stock
• 3:54
  bought by yours truly, Jamie Dimon from JP Morgan.
• 3:58
  And now they're coming out with this new Bitcoin backed product.
• 4:02
  At the time, I think Jamie Dimon was speaking at a World Economic
• 4:07
  Forum conference a few months ago and he said I never, ever,
• 4:11
  ever want to be asked about Bitcoin again and I won't talk
• 4:15
  about it again in public. That's what he said.
• 4:17
  This was just months ago. And at the same time he was
• 4:21
  quietly loading up on hundreds of millions of dollars of micro
• 4:25
  strategy stock. And now once his bags were
• 4:28
  packed full of micro strategy stock, he comes out with this,
• 4:32
  we're now going to see Bitcoin backed lending products.
• 4:35
  I think that's pretty interesting.
• 4:36
  And I, I think I would love to get your take on this Opti.
• 4:40
  What do you think comes next and why are we seeing this now?
• 4:43
  Yeah. I mean, like you said, the the
• 4:46
  more interesting angle of this, of course, the the huge part is
• 4:50
  this is basically the one of the world's largest bank.
• 4:53
  It's not the world's largest bank.
• 4:54
  They had one of the biggest in the US.
• 4:56
  Obviously them dropping or at least talking about dropping a
• 4:59
  Bitcoin back loan, I think is kind of a sign of the time.
• 5:02
  Dude, it's really showing you can't ignore Bitcoin.
• 5:06
  And that is probably the story here.
• 5:07
  Jamie Dimon, known skeptic of Bitcoin forever, has said
• 5:11
  probably all the horrible things about Bitcoin, has very recently
• 5:15
  pivoted into Bitcoin. You saw this slow trickle at
• 5:18
  first. He's like, hey, you know, I
• 5:19
  don't like this Bitcoin thing, but I'll reserve your right to
• 5:22
  buy it. You shouldn't buy it, but if you
• 5:24
  want to buy it, we'll sell it to you.
• 5:26
  Just like classic banker, right? You know, you're like, all
• 5:29
  right, I get it now. I think the interesting part
• 5:31
  about this is what bitcoiners have been saying for a long
• 5:34
  time. It's the idea of Bitcoin as
• 5:36
  pristine collateral. Now, of course, we love the the
• 5:40
  meme of the separation of money in state.
• 5:43
  We think Bitcoin is an uncorrelated, you know,
• 5:46
  completely detached from the traditional financial system.
• 5:49
  And so to see the banks kind of come here, try to find their
• 5:53
  their fees, you know, try to pivot their way so that they we
• 5:56
  can also get some Bitcoin exposure is obviously something
• 6:00
  that makes us feel a little icky.
• 6:01
  But it does essentially also rubber stamp the idea that we've
• 6:05
  been talking about as Bitcoiners for a long time.
• 6:07
  Bitcoin is pristine collateral or as other people say, you
• 6:10
  know, perfect money here. And now that we have the biggest
• 6:12
  banks in the world acknowledging Bitcoin in a way that we've all
• 6:16
  acknowledged it, yes, it probably doesn't mean anything
• 6:18
  to us here because, you know, a lot of us got, we became adults
• 6:23
  during the 2008 financial crisis and we, we don't forget we, we
• 6:28
  don't forget what happened in 2008.
• 6:30
  And a lot of us put the blame on the banks and the people in
• 6:33
  charge. And now that they're coming in,
• 6:35
  we're like, dude, who cares about what Jamie Dimon says?
• 6:37
  Like, why are we why is simply Bitcoin always applauding the
• 6:41
  banks come in? Well, it is a stamp of approval.
• 6:43
  It is the signal that this industry is maturing.
• 6:47
  And further, whether you like Jamie Dimon or not, whether you
• 6:51
  think Jamie Dimon's a good or a bad bad guy, when Jamie Dimon
• 6:54
  says something, it means something.
• 6:56
  It sends a signal to everyone out there that, oh, wow, we
• 6:59
  should probably look into something similar.
• 7:01
  We should probably look at this as a market signal of things to
• 7:05
  come. And as I was telling Luke this
• 7:07
  morning, when Jamie Dimon says something, it's almost akin to
• 7:12
  when Larry Fink says something or when the president of the
• 7:16
  United States says something. This is the gravity of their
• 7:19
  words. And for a long time, Jamie Dimon
• 7:22
  has been a skeptic around Bitcoin.
• 7:24
  He hasn't like Bitcoin. And now he's like, you know
• 7:26
  what, I think by next year we're going to have some Bitcoin back
• 7:30
  loans. Obviously it's not perfect, but
• 7:33
  it does also breed a whole new angle to the Bitcoin industry.
• 7:37
  And it is competition. It's competition from the banks
• 7:40
  coming into the Bitcoin industry.
• 7:42
  And it's also going to make the Bitcoin companies themselves
• 7:45
  have to become more competitive to see who will attract the most
• 7:50
  capital and also keep the most customers.
• 7:54
  So I'm all for competition, even if it does come from, you know,
• 7:57
  Jamie Dimon and JP Morgan, et cetera.
• 8:00
  I think you guys all heard my, you know, personal stories with
• 8:03
  Jamie Dimon, or rather someone that worked at JP Morgan.
• 8:06
  So I always find it interesting when I hear stuff come out of JP
• 8:11
  Morgan and when Jamie Dimon says things around Bitcoin, it really
• 8:14
  is one of those, for better or worse, defining moments.
• 8:17
  It shows you this is, you know, a real thing.
• 8:20
  And I think this is also showing that the snowball effect that
• 8:24
  we're all kind of waiting for. It's happening right now.
• 8:27
  And of course, everyone really wants to know like what's going
• 8:29
  on with the price, man, we have all of this good news.
• 8:31
  Someone in the chat like with all this good news, I'm telling
• 8:34
  you super cycle in 2026. I don't know about all that.
• 8:38
  All I'm seeing is we are starting to see the the dominoes
• 8:43
  fall in our favor. You know the are you going to
• 8:45
  get tired of winning? I don't know if this is what
• 8:48
  winning feels like, but it does seem like every other day or
• 8:52
  rather every other week and obviously every new month
• 8:56
  someone else is bending the knee.
• 8:58
  And I think that's just showing that this Bitcoin thing is
• 9:01
  catching on. And you probably want to hold
• 9:04
  some Yes, you may not like the bankers.
• 9:06
  Yes, you may not like presidents and nation States and central
• 9:09
  banks, but they're starting to acknowledge Bitcoin and for
• 9:13
  better or worse, that just shows everyone else that's a signal
• 9:17
  that, hey, they might want to buy some Bitcoin.
• 9:19
  Now, I could probably ramble about Jamie Dimon for a while.
• 9:22
  So I'm gonna pass it over to Eric before we dive into what
• 9:24
  Sailor has done. Eric, what's your thoughts about
• 9:28
  Jamie Dimon or JP Morgan announcing a Bitcoin back?
• 9:31
  And let's be clear, it is a little shit, Coiny.
• 9:33
  They also said ETH, but no one's going to use that.
• 9:36
  You know, maybe some of the ETH shit coiners will, but like
• 9:39
  that's not the signal here. The signal here is Bitcoin back
• 9:42
  loans coming out of JP Morgan most likely next year.
• 9:45
  So Eric, what's your thoughts on this?
• 9:51
  Yeah. So, you know, when we when we
• 9:53
  look at the micro, we get excited.
• 9:55
  Obviously a lot of people get excited about the price and the
• 9:57
  price and the price. And I really want to just zoom
• 9:59
  out for a second and look at the macro.
• 10:02
  You know, where is this headed? Why was this?
• 10:04
  Why did Bitcoin come to fruition in the 1st place?
• 10:07
  And, and why is, and how is what's happening today relevant
• 10:10
  to the bigger picture, right. For me, I got involved in 2017
• 10:13
  from the ideological and the philosophical perspective, like
• 10:16
  where what is the impact on our culture and our society that
• 10:19
  this could have? And if we, you look at 100 years
• 10:22
  in the future, what does the world look like?
• 10:24
  Like when when Bitcoin has reached its end goal, it forces
• 10:27
  us to question, well, what is that end goal?
• 10:28
  And, and, and reverse engineer that to where we're at today.
• 10:32
  And so you could say in one side, you know, any publicity is
• 10:34
  good publicity for Bitcoin. And I think that's pretty true
• 10:37
  to say. And you know, I remember back
• 10:40
  back in the day, some of my my real wealthy and smart friends
• 10:45
  were like, oh, Bitcoins not going to succeed governments
• 10:47
  never going to let it, you know, go full thought.
• 10:50
  You know that that's any time someone says that or hints
• 10:53
  towards it means they don't understand the big vision.
• 10:56
  They don't understand what Bitcoin is.
• 10:58
  Bitcoin is the alternative. And when we see, I mean, for
• 11:03
  example, every time China would ban Bitcoin, I thought was great
• 11:06
  news because it's back on the headlines.
• 11:07
  Anytime Jamie Dimon would say something about Bitcoin, that's
• 11:10
  great. It's back on the headlines.
• 11:11
  It it supports the narrative that this is bigger than any one
• 11:14
  person. It's bigger than any government.
• 11:16
  It's it's never going to go away.
• 11:17
  And So what we see today is sort of the embodiment to that where,
• 11:21
  you know, some of the biggest opposition is now is being
• 11:24
  converted, right? And, and it's out of, you know,
• 11:27
  obviously they're trying to make money and, and they still don't
• 11:29
  get the big picture like like a bank loan, a Fiat loan backed by
• 11:34
  Bitcoin. Like you don't get it right.
• 11:36
  It's just, you know, he's accusing in the past Bitcoin of
• 11:40
  being a big Ponzi, but now he's, you know, a part of the biggest
• 11:43
  Ponzi of all, which is, which is looking at how to capitalize
• 11:46
  more Fiat out of short term movements and people getting
• 11:49
  excited about Bitcoin. So I'm not going to criticize
• 11:52
  him for that, even though I could, because I think that the
• 11:55
  the greater picture is more important.
• 11:56
  And that's that some of the biggest voices of opposition are
• 12:00
  now, you know, they've given up trying to be opposition and now
• 12:03
  just trying to join the money train for themselves.
• 12:06
  And, and all that is a lot of debatable on on a few different
• 12:09
  angles, but but to me on that 100 year perspective, it
• 12:12
  represents that Like I was always saying and like what
• 12:15
  everyone here has always been saying, you can't stop Bitcoin.
• 12:19
  You can't have an entity that's bigger than it.
• 12:22
  You can't change public opinion that we want to have more
• 12:26
  transparency, less corruption, more control, more value placed
• 12:30
  on our own property, which ultimately gets represented in
• 12:33
  monetarily, which if it's in Fiat, it's always going down.
• 12:36
  If it's in Bitcoin, it's, it's holding steady and, and those,
• 12:40
  those truths are stronger than any opposition and any force
• 12:44
  that tries to hold against it. You know, that that's why
• 12:47
  Bitcoin was invented in the 1st place is because we were fed up
• 12:50
  of, of the system and fed up of people, you know, manipulating
• 12:52
  our money supply and, and taking advantage of us, you know, fill
• 12:55
  in the blank. There's so many ways of that,
• 12:56
  that, that can't be explained. So I think this is, this is
• 12:59
  really great, you know, from the 100 year perspective of, of
• 13:02
  Bitcoin reaching its end goal, this is important, You know,
• 13:05
  Jamie Dimon coming around, it's very important, you know, is he
• 13:08
  perfect? Is the narrative perfect?
• 13:09
  Obviously not. But this is a really big win
• 13:12
  towards the big picture. And it's, it's one more brick in
• 13:15
  the wall to, to cement the fact that Bitcoin is unavoidable.
• 13:19
  It's inevitable. It's a Thanos quote like Bitcoin
• 13:21
  is inevitable. And, and people are starting to
• 13:24
  realize that we're seeing that in politics, we're seeing in
• 13:26
  business, we're seeing in, in, in finance, we're seeing in, in
• 13:29
  philosophy. And, and I think that it's
• 13:31
  important to not so much look at what does that do for the price
• 13:35
  of Bitcoin, but look at what does it do for the narrative of
• 13:38
  Bitcoin and the implementation of Bitcoin ideology, a Bitcoin
• 13:42
  or ideology into our mainstream systems.
• 13:45
  And obviously people get excited about money and that's always,
• 13:48
  you know, a high point. And that's fine.
• 13:49
  You know, what come into the system because of that.
• 13:51
  But now that's get you educated on where the world's actually
• 13:55
  headed because getting two or three X on your Fiat, you know,
• 13:58
  is bullshit. It doesn't mean anything, I
• 14:00
  think compared to the bigger vision when Bitcoin is the only
• 14:03
  currency that really matters, period.
• 14:06
  And And so anyways, I'm, I'm very, you know, you can say
• 14:09
  bullish on, on the news and, and on, on, on the show and on the
• 14:12
  narrative. So yeah, that's some of my
• 14:14
  thoughts and I got to read through the comments here and
• 14:16
  see what's going on. But yeah, I'm pretty excited
• 14:19
  about it. Yeah, No, Eric.
• 14:20
  And, and you said a very important phrase there.
• 14:23
  What is Bitcoin's role in the future?
• 14:27
  And I think that's like the perfect pivot into what Sailor's
• 14:30
  doing. And again, he's been doing a
• 14:32
  master class here. I I am trying to learn in real
• 14:36
  time everything that Sailor's doing.
• 14:38
  And he just dropped a new product.
• 14:40
  And I think there is a lot of Bitcoiners that having a hard
• 14:44
  time with what sailors doing. They're maybe thinking, hey,
• 14:47
  he's fiatizing Bitcoin. Other bitcoiners like, no, he is
• 14:51
  like tapping Bitcoin into the engine.
• 14:55
  And what was that say actually, Luke, let's, let's bring up one
• 14:58
  of these cuz this one is like the most hyperbolic, a breakdown
• 15:04
  of this. So let's, let's read this here.
• 15:08
  And this will kind of give you an idea of what some Bitcoiners
• 15:11
  are thinking. And I got, I got some other
• 15:13
  tweets here to kind of explain this in, in less poetic terms.
• 15:16
  So Adam Livingston, I, I brought him up on the show.
• 15:20
  He is doing, you know, a lot of content talking about Bitcoin
• 15:22
  and, and corporate treasuries. And this is his breakdown of it.
• 15:26
  Again, it is a little poetic at times and maybe using some
• 15:30
  buzzwords, but it paints a good picture here.
• 15:32
  So he goes strategy announces Stretch or STRC, and you're
• 15:36
  about to understand a financial engineering move so insane it
• 15:40
  makes traditional equity look like Monopoly money.
• 15:43
  STRCAKA Stretch is Strategy's variable rate series, a
• 15:47
  perpetual stretch preferred stock.
• 15:49
  It's not equity, it's not debt. It's a new financial life form.
• 15:52
  Optimize to do one thing, convert Fiat into Bitcoin at
• 15:56
  velocity. Stretch pays a variably monthly
• 15:59
  dividend starting at 9% per annum, compounded if unpaid and
• 16:04
  paid in cash. But here's the kicker, Strategy
• 16:06
  can tweak the rate each month to keep Stretch straight, trading
• 16:08
  near $100 like a synthetic stable coin.
• 16:11
  With yield, you're not buying stock, you're buying a yield
• 16:15
  targeted Bitcoin conduit. Every share of Stretch is fully
• 16:18
  redeemable by Strategy at $101.00 plus accrued dividends,
• 16:23
  meaning they can absorb fiotic scale dollar cost average into
• 16:26
  Bitcoin with precision and redeem when Bitcoin mooned and
• 16:30
  their balance sheet glows like a uranium coal.
• 16:34
  This isn't capital formation, it's monetary warfare.
• 16:37
  What happens if a fundamental change event occurs?
• 16:40
  Stretch holders can force a buyback, a cash repurchase, $100
• 16:44
  plus accrued dividends, built in exit optionality, downside
• 16:48
  defense, upside asymmetry. It's an institutional grade
• 16:52
  Bitcoin back bond with liquidity control.
• 16:55
  And then just to wrap this one up because he he goes on he
• 16:59
  goes. But here's the real weapon, the
• 17:00
  liquidation preference. Adjust daily it flows to the
• 17:03
  higher of $100 flat. The latest sale price, A10 day V
• 17:07
  WAP. This means the longer stretch
• 17:10
  performs, the harder it becomes to issue it cheaply.
• 17:13
  Every issuance builds price gravity upward.
• 17:16
  So I'm sure you've seen the, the Sailor or rather the strategy
• 17:21
  pictograph of the different gears and torque and, and you're
• 17:25
  probably like me, like what exactly going on here.
• 17:29
  It looks like Sailor is tapping or created a new product that is
• 17:34
  essentially low volatility tapping into a whole new market.
• 17:37
  Now actually, I didn't pull it up.
• 17:39
  Let me pull up this actually, do you have that pictograph that I
• 17:43
  shared with you earlier Luke, 'cause I can't seem to find it
• 17:48
  here. Let me let me try to find it
• 17:50
  anyways. I'll I'll find it when Luke
• 17:53
  starts going and then Mark Moss goes continuing to innovate with
• 17:57
  Bitcoin back products stretches engineered for low volatility
• 18:00
  and high yield by design, essentially a high yield savings
• 18:03
  account, roughly 9% APY paid monthly coming for high yield
• 18:07
  bank accounts and money market funds 10s of trillions T AM and
• 18:13
  then going further. We had Dylan Leclair here this
• 18:17
  morning go money market fund funds is a big market, guys.
• 18:21
  So he's tapping into another huge market.
• 18:24
  We've seen all the products sailors been doing.
• 18:26
  He's essentially layering, you know, these different products
• 18:30
  for different aspects of the market, trying to tap in, trying
• 18:33
  to get as much zombie capital to come into Bitcoin.
• 18:36
  And then we have Joe Consorti strategies.
• 18:39
  New variable rate preferred stretch has a 9% initial yield
• 18:42
  of course and is targeting money market fund.
• 18:46
  In comparison, money market funds is a $7.05 trillion
• 18:50
  market, about 25% of all U.S. Treasuries and it's yielding
• 18:54
  just 4.25%. Bitcoin is about to swallow the
• 18:58
  fixed income market. Now there's a lot of people
• 19:02
  wondering what exactly is he building, but Jesse Meyer goes
• 19:05
  sailors going to offer cash holders better interest rates
• 19:07
  and money market funds all powered by Bitcoin.
• 19:11
  And here is where people are like, did Sailor just build a
• 19:15
  stable coin that is backed by Bitcoin instead of treasuries?
• 19:19
  So here's the comment. You know, Stretch is essentially
• 19:21
  a stable coin backed by Bitcoin instead of U.S.
• 19:23
  Treasuries. And MVK goes no, it is AUS
• 19:26
  treasury replacement backed by Bitcoin for people seeking fixed
• 19:30
  income. And Preston Pitch drops the
• 19:32
  target guys, I can't I I can't tell you that I know exactly
• 19:38
  what sailor built here, but it is a very interesting product.
• 19:42
  And it looks like he is tapping into a whole new market again, a
• 19:46
  whole new investor with these different products.
• 19:49
  And of course, the torque, the mechanism that he does this is
• 19:52
  essentially, you know, converting Fiat money on one
• 19:55
  hand and turning it into Bitcoin, which essentially means
• 19:59
  a bunch of capital is going to flow into Bitcoin, a bunch of
• 20:02
  capital that wasn't able to get into Bitcoin.
• 20:04
  Can now potentially look at strategy and all the different
• 20:07
  products and it can get into Bitcoin.
• 20:09
  Now, Luke, I'm going to find this, this picture.
• 20:13
  Oh, no, the other one. There's another one.
• 20:14
  There's another one. Let me find it.
• 20:17
  You RIP it a little bit and then we'll pass it to Eric.
• 20:19
  Yeah, that one. There we go.
• 20:20
  OK, zoom into that a little bit and Mark Moss, Well, really this
• 20:27
  is from Sailor's presentation. And you can see here at the
• 20:31
  very, very bottom what or rather how small this stretched product
• 20:37
  is compared to these different markets.
• 20:39
  And of course you have U.S. dollar bank accounts at what is
• 20:43
  this $18.3 trillion. You have money market funds at
• 20:46
  $7.4 trillion and you have short term treasuries at what's that
• 20:51
  5.8 trillion? It's it's really hard for me to
• 20:54
  read this, I'm color blind. We have we have commercial paper
• 20:58
  at 1.4 trillion and then stable coins at 250 billion and then
• 21:02
  this product 5 of 100 million. Again, all of this capital now
• 21:05
  has a new place that it can end up and that is in stretch and of
• 21:10
  course that is eventually in Bitcoin when sailors buying
• 21:13
  Bitcoin. So it is financial engineering,
• 21:16
  but I think it's financial engineering at its best, built
• 21:19
  on Bitcoin, pumping Fiat into Bitcoin, converting literally,
• 21:24
  you know, useless dollars into what we were talking about
• 21:28
  earlier, pristine collateral, perfect money, however you want
• 21:31
  to frame it. I don't know, Sailor does seem
• 21:34
  to be doing a master class here. There are some people that are
• 21:37
  saying we got to stop this monstrosity that is Michael
• 21:41
  Saylor's different products. I think it's as Eric said
• 21:45
  earlier, it's all good for Bitcoin.
• 21:47
  Now, will I be buying these products?
• 21:49
  No, I just want to buy Bitcoin. But you know, hey, for people
• 21:54
  that want Bitcoin exposure and need it in fixed income
• 21:58
  products, it looks like Sailor is just creating specific
• 22:03
  products for specific investors. And again, it's hard to it's
• 22:07
  hard to view this and not think this is good for Bitcoin.
• 22:09
  Anyways, Luke, what's your thoughts on this?
• 22:12
  And then we'll let Eric RIP it. I think you're muted, Luke.
• 22:19
  Oh, maybe your mic died. OK, fix your mic and then we'll
• 22:26
  go to Eric. Eric, do you understand the
• 22:29
  financial engineering that Sailor is doing?
• 22:32
  You know, there's, there's a lot of details there that I'm not an
• 22:35
  expert at and and I can't comment on technically, you
• 22:38
  know, correctly, but, but I'll answer your question is yes, I,
• 22:41
  I understand that the financial engineering that Sailor's doing
• 22:44
  is to support Bitcoin in its end goal, whether it's directly or
• 22:47
  indirectly. And I think that's the short
• 22:49
  summary that is, is fairly accurate.
• 22:53
  So, and again, I'm going to zoom out to the the, you know,
• 22:56
  whether it's the 20 year or the 100 year perspective, when
• 22:58
  Bitcoin reaches its end goal, you know, what does the world
• 23:01
  look like and what is that end goal?
• 23:03
  And I think it's really important to analyze that and
• 23:05
  explore it and understand a little bit deeper.
• 23:07
  Like where is this headed beyond just number go up and beyond
• 23:12
  just, you know, having self custody over over our own, our
• 23:15
  own wealth. And obviously that's
• 23:17
  fundamental, you know, having our own custody and having
• 23:19
  control over our own property and our own products, in other
• 23:22
  words, money and represented as well through through Bitcoin.
• 23:25
  That's, that's the primary that, that is, you know, changing
• 23:28
  everything and, and the inability to, to disrupt that
• 23:31
  money supply and to, to, to not allow corruptive mindsets to
• 23:35
  exploit. Obviously those are, those are
• 23:37
  fundamental, But what's beyond that?
• 23:39
  Because there is a beyond that first of all, right, and, and in
• 23:42
  the future to me, and we don't know what it's going to look
• 23:44
  like when, when Bitcoin reaches its end goal.
• 23:46
  And I think there's a, a fun debate that we could have of
• 23:48
  what is that end goal? But for me anyways, I look at
• 23:51
  what does the world look like when money supply can't be
• 23:54
  corrupted? What's the impact that has over
• 23:57
  our, our current political landscape and what impact does
• 23:59
  that have on the, the politicians that do get elected
• 24:04
  coming again, reverse engineering it to who then would
• 24:06
  want to be a politician in a world where they can't
• 24:10
  manipulate money supply either for their benefit or for
• 24:13
  constituents or, or fill in the blank.
• 24:15
  What kind of political leader then do we attract And, and what
• 24:19
  does government look like? And, and to me, those are the,
• 24:22
  those are the really important things to factor in.
• 24:24
  And so when we look at, you know, what's happening with with
• 24:26
  micro, your diamond or, or sailor, there's a, there's a, a
• 24:30
  span of time between now and the end goal.
• 24:33
  And whether that's, like I said, a twenty year end goal or 100
• 24:36
  year end goal, whatever that end goal is, There's a span of time
• 24:39
  between now and then. And in there we're going to see
• 24:41
  a whole lot of crazy, weird things like trying to banning
• 24:44
  Bitcoin forever and then all of a sudden allowing people to hold
• 24:47
  it or diamond speaking against it and all of a sudden launching
• 24:49
  a product and, and, and, and interesting minds and people
• 24:52
  like sailor coming out with, you know, interesting mechanisms to
• 24:56
  to be involved in this way or that way or the other way.
• 24:58
  And it's going to be a plethora of these types of products that
• 25:01
  come out almost endlessly between now and the time that
• 25:06
  Bitcoin reaches its end goal. And you could say that in the
• 25:08
  end goal perspective, none of this really matters because Fiat
• 25:12
  and different types of monies aren't going to be as relevant.
• 25:15
  And maybe there's going to be some spin off, like maybe
• 25:18
  everyone's on lightning or maybe someone's on something different
• 25:21
  but related or better than lightning on the network that's,
• 25:24
  you know, enhanced. Or maybe maybe there are going
• 25:26
  to be a little currencies here and there that run around, you
• 25:28
  know, cute little currencies and, and they're all tied to
• 25:31
  Bitcoin as the primary. We don't really know exactly,
• 25:34
  but we do know that what we're seeing with MicroStrategy and
• 25:38
  Sailor is the beginning. Still, we're at the early, early
• 25:40
  stages, the beginning of hundreds or if not thousands of
• 25:44
  different products that are, are either currently in development
• 25:47
  or going to launch soon that fill in that span of time
• 25:50
  between now and when Bitcoin does reach its end goal.
• 25:52
  So I think it's interesting to explore them, right?
• 25:54
  And, and obviously, like holding Bitcoin is the ultimate.
• 25:57
  So why would we play with anything else?
• 25:58
  But you know, I have a little, I'm Canadian, I have a little
• 26:01
  bit in TSFA and there's like, well, well, how can I?
• 26:04
  And obviously Canada isn't very tax friendly to, to Bitcoin and
• 26:09
  it's frustrating. And, and it's like, there's a
• 26:11
  couple weird things about that. So, you know, I'm interested in
• 26:13
  playing with a couple like the little tiny bit of My Portfolio
• 26:16
  that is on a system and is in the market to, to get that into
• 26:19
  Bitcoin as well, because it's either sell it all and put it in
• 26:22
  Bitcoin or keep a little bit in there and play and explore.
• 26:25
  And, you know, as long as the majority is focused on on the
• 26:28
  the right ideology of like holding Bitcoin self custody and
• 26:31
  having that as a primary, it's it's more just an interesting
• 26:34
  experiment to play with Microstrategy's product or play
• 26:37
  with a different product. There's a couple, you know, cool
• 26:39
  products I saw in Canada as well by by Bitcoin entrepreneurs.
• 26:41
  And I think it's interesting to explore them a little bit.
• 26:44
  Is it relevant to the end game? Yeah, it is because right now
• 26:47
  it's a way to bring in more people and to bring in more
• 26:50
  awareness to Bitcoin as a concept.
• 26:53
  And from there we can explore and educate people more on
• 26:56
  what's the and, and how does this affect everyone in our
• 26:59
  day-to-day lives, in our in our in our next year's trajectory,
• 27:02
  123 years, in the next generation to come.
• 27:05
  All of our children right now that are learning about the word
• 27:07
  Bitcoin, when they learn about Bitcoin, this is this is what's
• 27:11
  the primary into importance to me.
• 27:13
  When people hear about Bitcoin for the first time, what are
• 27:16
  they associated with? You know, I remember I was in
• 27:18
  the Uber in an Uber car the other day and the driver asked
• 27:22
  me what I do and I said, well, I'm producing ATV show for, for
• 27:24
  Bitcoin and Bitcoiners. And you know, we'll talk about
• 27:26
  that later. But I mentioned that to him and
• 27:28
  he says, oh, Bitcoin, when's the right time to buy, right?
• 27:31
  And obviously the answer is yesterday.
• 27:32
  And the second best answer is today.
• 27:35
  But as soon as I talked to him about, but as soon as he asked
• 27:38
  me, I said, look, it's not about the price.
• 27:40
  It's not about the price of Fiat.
• 27:42
  Because when Bitcoin reaches its end goal, there is no more Fiat,
• 27:44
  There is no more Bitcoin compared to a different
• 27:47
  currency. There's Bitcoin as the only way
• 27:49
  to buy and do anything and interact in this world, period.
• 27:53
  And so I explained to him all of his philosophy and he said
• 27:55
  that's interesting, but when do you think the price is going up,
• 27:58
  right? He doesn't get it and most
• 28:00
  people don't get it. And when we think about our
• 28:01
  children, 5 year old, 10 year old, 15 year old, 20 year old,
• 28:04
  when they hear about Bitcoin, like what are they associating
• 28:06
  it with? And, and so, you know, products
• 28:08
  like the micro strategy product are, are great to bring people
• 28:11
  in. And then we get to educate them
• 28:12
  through the show and through other, you know, mechanisms
• 28:15
  about, you know, what's next and, and make sure that they get
• 28:17
  in for the right reasons, not to just flip it in a year for a
• 28:21
  quick gain on a stinky Fiat. So I think it's yeah, it's it's
• 28:24
  important in the bigger in the bigger picture.
• 28:26
  And that's some of my thoughts on it philosophically.
• 28:29
  Love it. Absolutely love it.
• 28:30
  All right, Luke, I think your mic is back working.
• 28:33
  So thoughts on this? I think that I love the fact
• 28:38
  that Eric zooms out there and we're talking about the bigger
• 28:41
  picture because again, I think so many people are just stuck in
• 28:44
  the mindset of, like you said, Eric, Bitcoin's just a number go
• 28:47
  up stock or a lottery ticket or it's a get rich quick scheme.
• 28:51
  And I was actually trying to explain this to somebody over a
• 28:55
  double day dinner here in France just recently.
• 28:58
  And I tried to explain it to them.
• 28:59
  I said, no, look, Bitcoin is not a get rich quick thing.
• 29:03
  It's and not get poor slowly thing.
• 29:06
  That's what it is. And I, I said that that that
• 29:09
  line, it's like Bitcoin is a don't get poor slowly line.
• 29:12
  They're like, hang on a minute, what does that mean?
• 29:14
  And people just don't understand the fact that their money is
• 29:18
  going down forever. And again, I think when we we
• 29:22
  should really be zooming out and thinking about Bitcoin on 100
• 29:27
  year time horizon. And I think so many people
• 29:30
  today, they have this conception that we're going to be seeing
• 29:33
  diminishing returns and you know, oh, because Bitcoin is
• 29:37
  seeing smaller and smaller bull runs, that means that these are
• 29:40
  going to continue moving forward into the future.
• 29:43
  But I strongly disagree. I really love this stock to FOMO
• 29:47
  chart and it actually shows that Bitcoin's going to reach a
• 29:50
  tipping point or an inflection point and the price of Bitcoin
• 29:55
  is actually going to go up exponentially.
• 29:57
  And this is kind of my base case.
• 29:59
  My base case is that we're going to see bitcoins volatility
• 30:02
  actually increase from here. And I just think of it purely
• 30:07
  from an adoption standpoint, like Bitcoin today is adopted by
• 30:12
  less than 1% of the world. It's a $2.5 trillion asset.
• 30:17
  There's $900 trillion of wealth in the world.
• 30:21
  Again, I'm conservative. I say to people, OK, why don't
• 30:25
  you assume Bitcoin just gets 10% of the world's wealth?
• 30:29
  That's $90 trillion. Do we really think that it's
• 30:33
  going to take Bitcoin like 300 years to reach $90 trillion of
• 30:37
  wealth? Because the people who believe
• 30:39
  in diminishing returns, that's what they believe.
• 30:43
  That's what they are saying. It's taken Bitcoin 15 years to
• 30:47
  reach $2.5 trillion of wealth. Do we think it's going to take
• 30:51
  another 15 years to go to 5 trillion and then another 30
• 30:55
  years to get to 10 trillion? Do we really think it's going to
• 30:59
  take us 30 more years to go from where we are today to a $10
• 31:04
  trillion market cap, a $500,000 Bitcoin price?
• 31:09
  I don't. But this is what the diminishing
• 31:11
  returns maximalists believe. Even the power law, it's
• 31:16
  slightly more bullish than that. But I still think directionally
• 31:19
  it's really dangerous and it's really incorrect.
• 31:22
  And I don't think it's thinking about or accounting for how not
• 31:25
  only monies get adopted and how we transition from one money to
• 31:30
  another, but these kind of linear frameworks, they don't
• 31:34
  actually account for how technologies get adopted.
• 31:37
  And that is in exponential curves.
• 31:39
  And again, nobody could have predicted how quickly the
• 31:42
  automobile displaced horses in the early 1900s that were made
• 31:47
  absolutely obsolete in 15 years. Nobody could have predicted just
• 31:51
  how quickly digital emails obsoleted physical mail.
• 31:55
  Again, it happened in a matter of decades.
• 31:57
  The same with the smartphone, completely obsoleted, the multi
• 32:03
  decade, if not 100 year old established physical
• 32:07
  telecommunications network displaced in a decade.
• 32:11
  Bitcoin's going to be doing the exact same thing.
• 32:13
  And I just think most people aren't prepared for what comes
• 32:16
  next and they're not thinking about Bitcoin the way they
• 32:18
  should be thinking about Bitcoin.
• 32:20
  And again, I think all models are going to be broken.
• 32:23
  All models are wrong. Like Eric said earlier, put the
• 32:26
  majority of your wealth in self custody Bitcoin.
• 32:28
  But the one model that I think is somewhat directionally
• 32:31
  correct is this stock to flow model.
• 32:34
  I I think stock to FOMO, sorry, talking about the stock to FOMO,
• 32:38
  not the stock to flow. But I think this is the most
• 32:40
  kind of directionally correct model.
• 32:43
  Who knows what's going to happen or when Bitcoin reaches that
• 32:46
  tipping point. I just encourage people to be
• 32:49
  prepared to wake up tomorrow and see Bitcoin at $50,000 or to see
• 32:55
  Bitcoin at $5,000,000 tomorrow. I don't know when it's going to
• 32:58
  happen or how it's going to happen or what it's going to
• 33:00
  look like or whether it's 500,000 tomorrow or a million
• 33:04
  tomorrow. But I just think the fair value
• 33:06
  for Bitcoin is not even in the ballpark of hundreds of
• 33:09
  thousands of dollars per coin. It's not even in the fair
• 33:12
  ballpark of millions of dollars per coin.
• 33:14
  It's not even, we're not even talking yet.
• 33:17
  If you're trying to offer me $10 million of Bitcoin, I am not
• 33:20
  letting the majority of my stack go until it's worth hundreds of
• 33:23
  millions of dollars in today's purchasing power.
• 33:26
  And I think that's kind of the ballpark where we can start
• 33:29
  talking. And again, I don't think this is
• 33:31
  just I, I'm not, I'm not just making up numbers or pulling
• 33:35
  them out of the wazoo. I mean, I'm just saying I expect
• 33:39
  Bitcoin to get 10, twenty, 30% of the world's money.
• 33:45
  And this bull run, we've seen something we've never seen
• 33:47
  before. We've seen portals open.
• 33:51
  We're seeing black holes opened. When Michael Saylor is now
• 33:57
  opening up these portals for micro strategy to attack the
• 34:01
  $115 trillion equity market. He's got Strife, Stride and
• 34:06
  Strike all launched this year that is actively attacking the
• 34:10
  $300 trillion bond market. And now we have his brand new
• 34:15
  product Stretch, which is attacking the $120 trillion
• 34:19
  money market. Again, I've been speculating
• 34:22
  about this world of, you know, Bitcoin grabbing half of the
• 34:27
  world's $900 trillion of assets for a long time.
• 34:31
  A lot of people have said, Luke, your projections for 2030,
• 34:34
  they're way too bullish. I don't see how Bitcoin can
• 34:38
  attack all of these different markets and I think now we're
• 34:41
  just starting to see the infrastructure being built and I
• 34:46
  think a lot of this capital now that it has the option to flow
• 34:51
  and move it will. And again, we have this real
• 34:54
  estate sector on this chart. Let's not forget Fannie Mae and
• 34:57
  Freddie Mac just recently got forced to accept Bitcoin and
• 35:02
  crypto as down payment for mortgages.
• 35:05
  So every single one of these massive buckets of money that
• 35:09
  we're looking at now has an open port straight into Bitcoin.
• 35:14
  And again, hey, it's just my Philadelphia.
• 35:16
  But I, I strongly think we're going to see something much more
• 35:20
  in the realm of the stock to FOMO if we're thinking about
• 35:23
  Bitcoins next 5 or 10 years. But I'd love your thoughts on
• 35:26
  it. What do you think?
• 35:27
  I mean, I'm an S curve maxi here.
• 35:30
  So as much as I always say Luke is the most bullish content
• 35:35
  creator out there, it's hard to get more bullish than just
• 35:39
  saying hey, you think Bitcoin has been performing well just
• 35:42
  wait till it actually hits the S curve and it goes up forever
• 35:46
  soon soon no, if you wait, will you rewind this a little bit We
• 35:50
  do have to move on we're we're running really long all right
• 35:52
  look at the one on the right. Who knows how long what's this
• 35:57
  2024? This one looks a little old, so
• 36:00
  2026 ish. You know it's starting to pick
• 36:04
  up so if this is true what 20-30 everyone's saying diminishing
• 36:09
  returns 2030 is going even more vertical like hey, I would love
• 36:13
  to see that that that is where Luke's 7 Billy per coin
• 36:17
  incredibly highly bull tarted Bitcoin price prediction might
• 36:22
  actually take hold. It's it's absolutely nuts nuts
• 36:26
  just to say the least all right guys we we went super long we
• 36:30
  got it we got it we got to keep ripping.
• 36:32
  I'm sure Luke and I could keep bull posting on this channel
• 36:35
  today, but before we go on, I do want to give actually, actually
• 36:39
  before we go on guys, smash the like button comment on this
• 36:43
  video If you think this is products that Bitcoin needs or
• 36:47
  is this the fiatization of Bitcoin?
• 36:50
  Is this going to blow up? I want to see it in the in the
• 36:52
  comments here. I want to see your guys's
• 36:54
  opinion. Of course, hit the subscribe
• 36:55
  button guys. We are dropping the best
• 36:57
  content, the most content on out of any Bitcoin YouTube channel
• 37:01
  period. And we got more on the way guys.
• 37:04
  We got some interesting stuff for you guys.
• 37:05
  But before I go to the next, I mean I got to give a huge shout
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• 38:07
  All right, guys, on that note, I got to keep it ripping.
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• 39:45
  Yeah, I'm getting trolled hard in the chat right now.
• 39:47
  I, I see you guys. I see you guys.
• 39:48
  Anyway, we're over here on Clark Moody's dashboard.
• 39:51
  The current Bitcoin price is $118,660 per Bitcoin, which is a
• 39:57
  decline of -3.6% from all time high.
• 40:01
  And I, I'm still getting text messages of bro, it's over.
• 40:04
  I'm like, oh, are we looking at the same price chart here?
• 40:06
  What's going on here? Anyways, the current block
• 40:08
  height is 906,713 and the market cap in Fiat terms is 2.36. $6
• 40:14
  trillion and we're not even at 10% of the gold market cap,
• 40:18
  guys. There's still a lot of room to
• 40:19
  run. Anyways, we got a funny, you
• 40:23
  know, funny video here from Janet Yellen and everyone
• 40:29
  probably remembers Janet, everyone loves Janet Yellen.
• 40:32
  OK, we all love Janet Yellen and she was on Squawk Box this
• 40:36
  morning talking about the recent crypto bills, sharing her
• 40:41
  concerns. Look, I'm going to just let her
• 40:43
  do the speaking and then we'll chat about it.
• 40:46
  Ask you two other quick questions.
• 40:47
  We've talked for many years, Secretary, about crypto.
• 40:51
  I think you have been a, a, a critic or at least a skeptic and
• 40:54
  we have watched crypto just explode.
• 40:56
  Obviously the genius act just passing last week.
• 41:00
  What do you think now? Well, I have concerns about some
• 41:07
  of the legislation that was passed.
• 41:11
  I convened, I believe it was in 2022, the President's working
• 41:17
  Group on financial markets to make make recommendations about
• 41:23
  the appropriate regulation of stable coins.
• 41:27
  And I'm pleased to see that Congress did take up that topic
• 41:31
  and that a framework has been put in place.
• 41:35
  But unfortunately, I think it contains significant weaknesses.
• 41:40
  And so it's not all that I would have wanted to say.
• 41:45
  And that does give me concerns about what the role of of stable
• 41:52
  coins, for example, will be going forward, whether or not
• 41:58
  there are adequate controls in place.
• 42:00
  And I believe they present financial stability risk that
• 42:04
  should be addressed. All right, all right, lot to
• 42:09
  unpack that. I mean, I do agree with her on
• 42:11
  one part. You know, it's not everything I
• 42:13
  would like to see either, Janet Yellen, but I think I'm taking a
• 42:17
  totally different view from her. Like from what that clip looks
• 42:20
  like, they sound absolutely terrified.
• 42:23
  And if you heard the very end of that, you know, financial
• 42:27
  stability risk, we've heard this statement said before that
• 42:31
  Bitcoin and stable coins, if it's too intertwined in the
• 42:34
  traditional financial system, somehow it's going to be our
• 42:37
  fault that tratify system blows up.
• 42:40
  I don't think that's how this work.
• 42:42
  If anything, there's financial risk to the central banks out
• 42:44
  there because people are going to wake up that they don't want
• 42:47
  to hold Fiat dollars. They're like, why am I going to
• 42:49
  hold this money that steals for me?
• 42:51
  So every conversation that they have, I think is an admission of
• 42:55
  what they want to do. And they're really just exposing
• 42:58
  themselves every time they they get paraded around out there.
• 43:01
  And, you know, like, actually, I'm not going to say that Nico
• 43:04
  get mad at me. I'm going to be very nice here
• 43:06
  today and I'll pass it over to Luke.
• 43:07
  Luke, what's your thoughts when you hear this?
• 43:09
  Yeah, I can be a little bit more unfortunate.
• 43:11
  I'll see let her fly. So firstly, I think the little
• 43:13
  Yoda, Lady Yannet Yellen, I think just did something really
• 43:16
  interesting that I actually thought.
• 43:19
  So Andrew Ross Sorkin, he's a little bit of a Bitcoin critic,
• 43:22
  a Bitcoin denier, a Bitcoin hater, a Bitcoin skeptic.
• 43:25
  I love how he framed that question.
• 43:27
  And I think he kind of actually caught Janet Yellen off guard.
• 43:30
  Did you see her face kind of like she had that look in her,
• 43:33
  in her eyes when she knew she was getting kind of cornered in
• 43:35
  the schoolyard? I know that was kind of funny.
• 43:37
  I thought that was absolutely hilarious.
• 43:39
  But again, these guys have been anti Bitcoin for a long time
• 43:42
  now. I'm shocked that she's like just
• 43:45
  still a person in power. I think maybe there's some
• 43:48
  interesting things happening there If we start to consider.
• 43:50
  Hang on a minute, Trump's been in office for six months.
• 43:53
  Why is Janet Yellen still the head of the Treasury?
• 43:55
  I don't know. But I do think that's
• 43:57
  interesting that she's getting called out.
• 43:59
  She's, again, been wrong about Bitcoin for so long.
• 44:02
  And I think this is just another moment to remember that the
• 44:07
  experts, they're always wrong. The experts said Bitcoin was
• 44:11
  going to fail. All of the experts.
• 44:13
  For example, was it Steve Mnuchin you said like five years
• 44:17
  ago? I can promise you in five years
• 44:20
  I won't be talking about Bitcoin.
• 44:21
  It'll be irrelevant now. Look, we're talking about
• 44:24
  creating a strategic Bitcoin reserve in America, the biggest
• 44:27
  nation state around the world. I think it's insane just how
• 44:31
  quickly the kind of windows have kind of what is it?
• 44:35
  The Overton window has been shifted.
• 44:37
  And I think it's good to always remember what the experts said
• 44:41
  two years, three years, four years, five years ago because so
• 44:44
  many people will be thinking, OK, Jamie Dimon is flipping
• 44:47
  bullish on Bitcoin, creating crypto backed lines.
• 44:50
  You know, who cares? I've seen lots of banks talk
• 44:52
  about Bitcoin, dabbling Bitcoin. But when you have the full
• 44:55
  context of hang on a minute, Jamie Dimon, one of the world's
• 44:59
  largest bankers, was literally calling Bitcoin an index of
• 45:03
  money, wondering a scam, a decentralized Ponzi scheme.
• 45:07
  And then just a year ago, he said he was never going to talk
• 45:09
  about it again. All of a sudden, when you have
• 45:11
  all of that context, you're like, hang on a minute.
• 45:13
  Now he's flipping bullish in Bitcoin.
• 45:15
  Just makes the more recent news all the more meaningful.
• 45:18
  So yeah, whenever I see these clips of, you know, the the
• 45:22
  experts fumbling and bumbling their way through yet another
• 45:25
  mainstream media interview, I think it's just a reminder that
• 45:28
  they were wrong on Bitcoin and they are still wrong on Bitcoin.
• 45:32
  And they will eat their humble pie.
• 45:35
  Actually, you know, Luke, before I pass it over to Eric, I, I
• 45:38
  might, I might take a little contrarian view on that.
• 45:41
  I don't think that they're necessarily wrong on Bitcoin.
• 45:44
  I just think they're terrified of you using Bitcoin.
• 45:47
  And This is why they, you know, talk their bag, which is Fiat
• 45:50
  money. This is why they always FUD
• 45:52
  Bitcoin. They try to scare people away
• 45:53
  from holding Bitcoin because if you hold Bitcoin or enough
• 45:57
  people hold Bitcoin, then the scam, you know, the jig is up
• 46:00
  here. And so they come out here and
• 46:03
  kind of pretend and then like they don't understand what's
• 46:05
  going on. But I think in in private
• 46:08
  conversations, they probably totally get what is at stake.
• 46:11
  And, you know, they roll out here.
• 46:13
  And maybe that's why her, you know, her little portion on
• 46:16
  Squawk Box felt so inauthentic. And it seemed like she was
• 46:18
  having a hard time even talking about it.
• 46:21
  It's because they probably have two differing opinions privately
• 46:24
  what they think and then publicly what they have to say.
• 46:26
  But anyways, I want to get Eric's take on this.
• 46:30
  It's cute. I mean, that's that's really the
• 46:33
  summary of everything I'm thinking right now.
• 46:35
  It's cute, you know, to see that and to hear it, you know,
• 46:38
  anytime someone in power talks about Bitcoin and regulation in
• 46:43
  the same sentence, I think it's cute.
• 46:46
  You know, they don't understand what's really going on and it's
• 46:50
  whether it's ignorant or it's intentional or it's accidental
• 46:53
  or it's they're to set in their ways or, or they've been asked,
• 46:57
  you know, on their job description not to look at it
• 46:59
  from a certain angle. Like those are all true and, and
• 47:02
  impossible. But but at the end of the day,
• 47:05
  like we got to look at the fundamental and the fundamentals
• 47:08
  are that there was a demand created globally for something
• 47:13
  to to, to balance the inflation that happened when we were off
• 47:18
  the gold standard and when we were off the Bretton Woods
• 47:20
  system. And when inflation started, you
• 47:22
  know, skyrocketing, like when, when those political decisions
• 47:25
  happened back, you know, with the Nixon shock and everything,
• 47:28
  there was a demand that was created, right?
• 47:31
  You go and mess with a market. And fundamentally, we again, we
• 47:34
  have to just look objectively and, and I hope that we all
• 47:37
  agree that markets run on supply and demand, not on any sort of
• 47:41
  external control, particularly government control.
• 47:44
  If, if the world runs on supply and demand and, and, and there
• 47:48
  was a demand in World War One, World War 2 to, to fix monetary
• 47:52
  problems, which was, you know, obviously was decided at some
• 47:55
  point to, to try and quote, UN quote, fix it by removing, you
• 48:00
  know, the American dollar from the gold standard in order to,
• 48:03
  to print our way out of it. And which has never worked
• 48:05
  before. But for some reason that, you
• 48:07
  know, that was the conclusion, right?
• 48:08
  And so gold standard was abolished.
• 48:11
  And, and, and when you mess with supply and demand, you can't
• 48:14
  mess with one side of the equation and not mess with the
• 48:16
  other. That's mathematics, right?
• 48:18
  1 = 1. If you remove 0.5 from one side,
• 48:22
  then it affects the other side of the equation.
• 48:25
  And so when supply of when we, when we changed the monetary
• 48:31
  system and removed gold from our, our, our foundational, you
• 48:34
  know, anchor point for money, we ended up changing the demand and
• 48:38
  increasing that demand for something that would balance it.
• 48:40
  And of course, time goes on, decades goes on, you know,
• 48:43
  Cypher book million likes, all this discussion, all these, you
• 48:45
  know, experiments, and we end up with the ultimate supply to fill
• 48:49
  that demand. The demand is to find balance to
• 48:51
  the monetary system and to reduce corruption and to
• 48:54
  decrease inflation and give us more control.
• 48:56
  The supply I ultimately came in the form of Bitcoin.
• 48:59
  And so when we see a politician or anyone in power, any
• 49:01
  individual at all talking about, you know regulating Bitcoin or
• 49:06
  or fill in the blank about Bitcoin without addressing the
• 49:09
  core problem, right. The core problem is inflation.
• 49:12
  The core problem is corruption. The core problem is manipulation
• 49:15
  of money supply and without addressing that there is no
• 49:19
  other alternative solution than Bitcoin in my mind, right.
• 49:22
  You can't have a politician come up in any politician with Janet
• 49:25
  or otherwise come in and say, oh, we're going to regulate
• 49:28
  Bitcoin or we're going to change this or we're going to do this
• 49:31
  without addressing the core problem.
• 49:33
  If, if, let's say 20 years ago, if the world went back on the
• 49:37
  gold standard, is it like, would Bitcoin have even come out?
• 49:41
  I don't know, but it would have been a threat to Bitcoin for
• 49:44
  sure. If, if, if our current
• 49:46
  politicians had addressed the core issue, which is
• 49:49
  manipulation of money supply, then there would be perhaps less
• 49:52
  demand for a solution, less demand for Bitcoin.
• 49:56
  But instead of fixing that demand, they actually just made
• 49:59
  it stronger by printing more and more and more and having bigger
• 50:02
  and bigger bills that continuously, you know, increase
• 50:05
  inflation and increase that demand.
• 50:07
  And so, yeah, in, in summary, I think it's cute.
• 50:10
  And, and you know, when, when we, when we talk about, you
• 50:12
  know, Luke, you're mentioning about fear a little bit.
• 50:14
  You know, my other business, I run billboards, you know, and,
• 50:17
  and that's like fear is the, the, the motivator.
• 50:19
  Fear is the message that any politician usually ends up
• 50:23
  diverting to or any critic ends up diverting to.
• 50:25
  And so it's common. I just think shows like this, we
• 50:28
  focus on the solutions, focus on the the primaries is is where we
• 50:31
  need to to stay focused. 100%, I couldn't agree more.
• 50:35
  You said that great, Eric. It's this is what Nico and I
• 50:39
  privately and of course on the show talk about all the time.
• 50:41
  It's like, look, a lot of people can point out the problems, but
• 50:45
  very few people are pointing towards the solution.
• 50:48
  And you know, we get a lot of Flack here on simply Bitcoin,
• 50:52
  whether it's because we venture out into political groups or
• 50:55
  political conversations and cultural conversations.
• 50:57
  And it's like, guys, it all boils down to, hey, the money is
• 51:00
  broken and we need to fix the money.
• 51:03
  The fundamental base layer of society is the money here.
• 51:07
  And until we can take back control of that money and more
• 51:10
  people use a sound hard money, everything that you may not like
• 51:15
  will be perpetuated into Infinity until more people are
• 51:19
  saving and using Bitcoin. So Eric couldn't agree more.
• 51:22
  Anyways, guys, I'm going to RIP through two stories here in the
• 51:26
  news because I really want to talk with Eric about his his new
• 51:30
  book about to come out. So you can tell Eric's got a
• 51:32
  really good grasp of what's going on here.
• 51:35
  So I'm going to RIP through the news and then we're going to go
• 51:37
  into the culture so that we can just give Eric the platform to
• 51:41
  talk about what he's working on. So stick around for one second.
• 51:45
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• 54:36
  All right, so first news story again, I'm going to RIP through
• 54:40
  this guys because I, I really want to give Eric some time for
• 54:44
  the culture, but we got this coming through this morning.
• 54:47
  PNC Bank, which is one of the largest banks in the USI think
• 54:51
  it's the 6th largest U.S. bank with about $555 billion in
• 54:55
  assets, just partnered with Coinbase to announce a strategic
• 54:59
  partnership to advance digital asset solutions and expanding
• 55:02
  bank service. I'm not going to break the whole
• 55:04
  thing down, but I'll just kind of read the first paragraph.
• 55:06
  PNC Bank today announced A strategic partnership with
• 55:08
  Coinbase aimed at expanding access to trusted and secure and
• 55:12
  innovative digital asset solutions to PN CS banking
• 55:15
  clients and institutional investors.
• 55:17
  PNC will also provide select banking services to Coinbase,
• 55:20
  reflecting both companies commitment to a more resilient
• 55:23
  digital financial system. Yadda, yadda, yadda.
• 55:26
  You, you guys know what's going on.
• 55:27
  And really Luke and I have been kind of covering this for a
• 55:30
  while. The fact that we're seeing the
• 55:32
  banks come into Bitcoin one, it does make us a little
• 55:35
  uncomfortable. But as we said in the beginning
• 55:37
  of the show, this is that stamp of approval.
• 55:40
  This is basically them bending the knee, acknowledging, hey,
• 55:43
  this Bitcoin thing isn't going away.
• 55:45
  Maybe we should participate in this or else we will get left
• 55:49
  behind like the dinosaurs did and go extinct.
• 55:53
  So you're seeing more and more of this happen this year.
• 55:56
  I think it's even hard for me to count how many dominoes have
• 55:59
  fallen this year because it seems like literally every bank
• 56:03
  has bent the knee to Bitcoin. So we got another one.
• 56:07
  Yes, I am not a hey Luke, Luke trolling in the chat over here.
• 56:14
  Yo chill out bro, chill. I I can't.
• 56:19
  Chill man, I lost my my train of thought.
• 56:21
  Go. Luke, I got it for you.
• 56:22
  The I can't chill because of all of these banks doing backflips
• 56:26
  on Bitcoin. We've got Standard Charted, a
• 56:29
  $1.2 trillion bank openly predicting we're going to see
• 56:32
  200,000 big ones in front of the Bitcoin prize this year in 2025.
• 56:37
  We've got like we've talked about at length today, we've got
• 56:41
  Jamie Dimon, but then of course we've got Deutsche Bank, $800
• 56:44
  billion European giant also beginning to roll out Bitcoin
• 56:49
  trading. We've got Charles Schwab,
• 56:52
  another multi trillion dollar bank that's very Bitcoin.
• 56:54
  Curious again, I think we're just starting to see the science
• 56:58
  that hey, we got a multi $100 trillion industry here that is
• 57:03
  designed to store the savings for everyone on the planet And
• 57:08
  then they're all buying Bitcoin. They're openly saying, OK, the
• 57:12
  money that we're supposed to store safely for you, whether
• 57:16
  it's U.S. dollars, Canadian dollars or Australian cutbacks,
• 57:19
  it's worthless. We're going for the escape
• 57:22
  valve. We are betting that the money in
• 57:25
  your bank account today, it's not going to be worth a nickel
• 57:28
  in 10 years. So we're going to be buying
• 57:29
  Bitcoin. That's what kind of has me
• 57:32
  feeling a little bit spicy right now.
• 57:34
  The I'm just bullish that yet again we're seeing another
• 57:37
  domino fall. And again, five years ago, if
• 57:40
  you had of told me, OK, in 2025, Luke, we'd have nation states
• 57:45
  competing over who can create a strategic Bitcoin reserve first.
• 57:48
  We'd have people like Jamie Dimon openly making Bitcoin
• 57:52
  backflips and quietly buying hundreds of millions of dollars
• 57:54
  of micro strategy. And if you had of told me we'd
• 57:57
  have 150 public companies right now squatting on a 1,000,000
• 58:00
  Bitcoin and black rocks, even holding 3% of the Bitcoin supply
• 58:04
  themselves and going on sending their head chief Larry Fink on
• 58:08
  international news and saying that Bitcoin's a international
• 58:11
  asset, it's a legitimate asset and it's digitizing gold.
• 58:15
  I would have told you the price of Bitcoin's $5,000,000 a coin.
• 58:18
  But hey, we're here at what, 120 big ones.
• 58:21
  And that is our opportunity. And that is our asymmetry to
• 58:25
  kind of buy Bitcoin while we're waiting for its fair value to
• 58:28
  actually be reflected in the market.
• 58:31
  Luke, even when you try not to be bullish, you're like, yeah,
• 58:35
  it's 2025, it should be $5,000,000 Bitcoin today.
• 58:38
  What's going on here anyways? Eric, what's your thoughts on
• 58:42
  this partnership between PNC and COIN?
• 58:44
  But, and look, we're not the biggest fans of COIN Base, but
• 58:47
  you know, this is news happening in the space.
• 58:49
  So Eric, what's your thoughts on this?
• 58:52
  You know, I, I might sound like a, a record on repeat here, but
• 58:56
  I come back always to the fundamentals and the narrative
• 58:58
  and the, the, the gap of time between where we're at today and
• 59:02
  when Bitcoin reaches its end goal.
• 59:03
  And all of this stuff is inevitable.
• 59:05
  There's going to be dozens and hundreds and even thousands of
• 59:08
  more partnerships with major corporations all across the
• 59:12
  globe. It's inevitable.
• 59:13
  Some of them are going to be really interesting.
• 59:15
  Some of them are going to suck. All of them are going to be
• 59:17
  controversial and worth having discussions around.
• 59:21
  And to me, it's just all bullish, it's all positive.
• 59:25
  It's all representative of a market in a population that that
• 59:29
  recognizes that Bitcoin is not going away, that there is a
• 59:34
  demand that needs to be filled, that we can either get on that
• 59:37
  train or fall behind. And that that the future is
• 59:41
  going to be including Bitcoin as a primary.
• 59:44
  Just like automobiles became a primary.
• 59:47
  And like Luke was saying about how cell phones became a
• 59:49
  primary, Bitcoin is becoming a primary.
• 59:52
  And of course, Bitcoin is a primary already for all of us
• 59:55
  here that are listening to the show today.
• 59:58
  And, and as we know, this is just a small, tiny percentage of
• 1:00:02
  the overall world. Population and that's just going
• 1:00:05
  to keep growing and growing. So I, I'm very bullish on it.
• 1:00:07
  You know, is it weird that those partnerships with, with Coinbase
• 1:00:11
  and, and what's the history of Coinbase and how deep do we go
• 1:00:13
  into that? We can, you know, poke holes at
• 1:00:15
  it all day long And at the end of the day, if we, you know,
• 1:00:18
  look at that tree as a tree and, you know, criticize its leaves,
• 1:00:22
  it's, there's infinite number of criticisms that could come out.
• 1:00:24
  But if we zoom out and look at the forest, it's all just part
• 1:00:27
  of the next steps. You know, in the future,
• 1:00:30
  Coinbase might not really have a market at some point in the
• 1:00:32
  future when people understand that ship coins are ship coins
• 1:00:35
  for a reason and start calling them ship coins on purpose
• 1:00:37
  intentionally with a comprehension of what that
• 1:00:40
  means, right. Maybe Coinbase won't even be
• 1:00:42
  around anymore. So why, why waste too much time
• 1:00:45
  arguing and debating about where it's at today?
• 1:00:47
  Because they're essentially along with everyone else is
• 1:00:49
  supporting the narrative of a Bitcoin future.
• 1:00:52
  And that to me gets me really excited.
• 1:00:54
  It's why I'm here in the space. It's why I've, you know,
• 1:00:56
  adjusted my life to to be revolving around it as a, as a
• 1:00:59
  primary, you know, and I've been through all two.
• 1:01:01
  Different rabbit holes. And I'm not proud of all of
• 1:01:03
  them, but they've ultimately all just LED towards the ones, you
• 1:01:06
  know, ultimate conclusion that Bitcoin is the primary, it's the
• 1:01:09
  way and, and it, it's what gets me excited.
• 1:01:11
  That's why I'm here. Love it, love it Eric.
• 1:01:13
  Guys, I'm going to make a an audible here.
• 1:01:16
  I do have another news story, but I just realized the time.
• 1:01:19
  So I'm I'm going to we're going to go talk with Eric about what
• 1:01:22
  he's working on. I think that's going to be an
• 1:01:24
  interesting combo. I'll save I'll save to the the
• 1:01:26
  other news story for tomorrow. So, well, you know, we'll be
• 1:01:29
  right back. I want to give a shout out to
• 1:01:32
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  All right, before we move on, I want to do give a huge shout out
• 1:03:35
  to Ron. Love you, Ron, super chat of
• 1:03:37
  $10. I love you.
• 1:03:39
  OK, appreciate you man. Anyways, anyways, Eric, man,
• 1:03:45
  let's just talk about what you're working on.
• 1:03:46
  But I do kind of want to ask you your rabbit hole story.
• 1:03:49
  How did you end up writing this book called Coin Lords?
• 1:03:52
  And then you can go into I, I do have your website.
• 1:03:55
  We can pull up what it's about and all that stuff, but I'd like
• 1:03:57
  to know how it this came about. Yeah, so the short version, you
• 1:04:02
  know, my journey to Bitcoin started when I was a little kid.
• 1:04:06
  You know, I, my parents split up when I was, you know, 3 and they
• 1:04:09
  didn't just split up physically, they split up.
• 1:04:11
  They split up ideologically. And my mom chose the direction
• 1:04:14
  of you could say like the Iron Rand objectivist style hard
• 1:04:17
  working self-made person. You know, she left everything to
• 1:04:20
  him and, and worked overtime hours nonstop 7 like just crazy,
• 1:04:23
  crazy hours. And I kind of blame her for
• 1:04:25
  being a workaholic today in a friendly way, But that was her
• 1:04:28
  direction is to take ownership of our life, take ownership of
• 1:04:31
  where we are and build something that we're proud of right now.
• 1:04:34
  My dad, on the other hand, he went on the other direction.
• 1:04:36
  He going deep, deep down the socialist style rabbit hole of
• 1:04:40
  looking for money handouts and manipulating the system.
• 1:04:42
  And it sucks if he's listening to it, but it's the truth,
• 1:04:45
  right? And he essentially became the
• 1:04:46
  embodiment of a mooch on the system, right?
• 1:04:49
  Look, always looking for another way to capitalize on the welfare
• 1:04:52
  system. And, and so, you know, he never
• 1:04:54
  paid child support and, and always captured money from our
• 1:04:58
  tax dollars. So literally my mom is out there
• 1:04:59
  working off non-stop, you know, paying for all of us in our life
• 1:05:04
  and paying tax dollars to a system that, that then
• 1:05:07
  redistributed it to my, my biological father, who hardly
• 1:05:11
  ever worked ever and just capitalized and, and stayed at
• 1:05:13
  home in, in, in most, most of the time.
• 1:05:15
  And so that ideological split represented A imbalance and a
• 1:05:19
  problem in the world that didn't make sense to me then and really
• 1:05:22
  didn't make sense to me up until I started to understand that the
• 1:05:26
  philosophical principles of Iran and Objectivism and, and I
• 1:05:29
  started to deep dive. And that's when I really started
• 1:05:31
  to understand the difference between a producer and a mooch
• 1:05:33
  or a creative mind versus a Leech.
• 1:05:35
  And that clarity stayed with me forever.
• 1:05:39
  And this is way before Bitcoin came out, obviously.
• 1:05:42
  And so when Bitcoin did come out, my friends did a terrible
• 1:05:45
  job explaining it to them. And I'm very angry at that to
• 1:05:47
  this day, said lovingly. But in 2017, something struck A
• 1:05:52
  chord and a friend of mine made me look at it and do my own
• 1:05:55
  research. And so I think it was, it was
• 1:05:58
  somewhere, it was January, February of 2017 and, and, and I
• 1:06:02
  thought, you know what, what is this thing?
• 1:06:04
  So I started researching and learning about what is Bitcoin
• 1:06:06
  podcast books, everything I could throw myself into to to
• 1:06:09
  understand the information at play.
• 1:06:12
  I wasn't back then. Honestly, I didn't really
• 1:06:15
  comprehend that Bitcoin in relation to current Fiat would
• 1:06:19
  increase in value in in that way.
• 1:06:21
  I wasn't really part of my mindset.
• 1:06:23
  I was just curious what is this thing?
• 1:06:25
  And the more I researched, the more I realized that this is,
• 1:06:28
  you could say a step towards an EIN Randian or Objectivist
• 1:06:31
  story, like an Atlas Shrugged sort of John Gulch Gulch type of
• 1:06:35
  a future. And that really struck A chord
• 1:06:37
  with me. Like, Oh my God, like if if
• 1:06:38
  Bitcoin was invented back when EIN Rand was writing Atlas
• 1:06:41
  Shrugged with a fountainhead, is it possible that she would
• 1:06:44
  consider Bitcoin being the prime currency?
• 1:06:46
  And I don't know. I don't, I don't know, right.
• 1:06:48
  I never had a chance to talk with her, but I think she would
• 1:06:50
  at least consider it seriously. And that to me is striking.
• 1:06:53
  So, so I, I aligned with Objectivism, which led me to
• 1:06:57
  align with Bitcoin ideology and, and so that then I'm all in.
• 1:07:01
  I thought, I'll have to do this. You know, back then I owned a
• 1:07:04
  construction company. I had 60 guys working for me.
• 1:07:07
  It was a wonderful experience and, and I sold that in 2018.
• 1:07:10
  But back then I was like, well, well, let's make a mining farm.
• 1:07:12
  So I converted my house into my garage into a mining farm.
• 1:07:15
  All the electrical upgrades I was shipping and ventilation
• 1:07:17
  from across the world and testing out and experimenting
• 1:07:19
  with how this works. And so you imagine like I'm
• 1:07:21
  sitting there upside down plugging in Ethernet cables and,
• 1:07:24
  you know, home custom fitting a home rig with soundproofing.
• 1:07:28
  That all failed by the way. It was always loud.
• 1:07:30
  But, but I'm sitting there and thinking about Bitcoin in the
• 1:07:33
  future and, and I started to have these ideas about, you
• 1:07:35
  know, a story, right? And, and I'm a nerd at heart.
• 1:07:38
  You know, I play magic the gathering, I collect comic
• 1:07:40
  books, I love that stuff. And so the story started coming
• 1:07:42
  out of these random ideas of a future, a sci-fi future of what
• 1:07:45
  Bitcoin would look like on our society, on our species and how
• 1:07:49
  that projects into where we're headed as as a species.
• 1:07:52
  And so I started jotting down ideas in 2017.
• 1:07:54
  Some of my friends told me to not pursue it.
• 1:07:56
  They said comic books are a waste of time.
• 1:07:57
  There's so many things you could do.
• 1:07:59
  Never listen to those types of naysayers, right?
• 1:08:01
  Don't let your memes be dreams. Anyways, Fast forward, the story
• 1:08:04
  kept evolving. I kept writing down notes.
• 1:08:06
  And last year I thought, you know what?
• 1:08:07
  It's time to do something about this.
• 1:08:09
  It's time to to share with the world A, a, a vision of what
• 1:08:13
  Bitcoin looks like when it reaches its end goal and the
• 1:08:15
  benefits that it means to all of us everywhere, because we have
• 1:08:19
  to avoid a George Orwellian 1984 future.
• 1:08:23
  That's what we're doing. That's what bitcoins trying to
• 1:08:25
  do. We don't want to live in an
• 1:08:26
  authoritarian future. We don't want to live in a
• 1:08:28
  regime that suppresses and manipulates and leads us
• 1:08:31
  ultimately to self destruction. We all want to live and be
• 1:08:33
  happy. I think no matter who you are
• 1:08:35
  and what side of the fence you're on, we can all agree,
• 1:08:37
  first of all, we want to live, we want to be happy and we want
• 1:08:40
  to have a good future for future for our children.
• 1:08:43
  And if we can agree on at least that, then we get to debate,
• 1:08:45
  well, how do we get there? And that's where Bitcoin comes
• 1:08:47
  into play. And that's where, you know,
• 1:08:48
  philosophical discussions come into play, like, you know,
• 1:08:50
  Objectivism. And so so I made the decision
• 1:08:53
  just go ahead. And I put it all into a story
• 1:08:55
  called Coin Lords. And Coin Lords represents the
• 1:08:59
  future. Like what happens when Bitcoin
• 1:09:00
  does reach its end goal? What happens when productive
• 1:09:02
  minds are liberated to create value like never before?
• 1:09:06
  Where does that lead us? And, and, and it's more than
• 1:09:09
  just Bitcoin at that point, right?
• 1:09:10
  So if, if, if Bitcoin is fundamentally required in order
• 1:09:14
  to remove corruption and liberate a free mind to produce,
• 1:09:18
  then what happens when, if we fail, obviously we just self
• 1:09:22
  destruct and we're all gone. But if we succeed, what does it
• 1:09:24
  mean when it, when a productive mind is liberated to produce and
• 1:09:27
  well, well, we can look at AI, for example, right?
• 1:09:29
  Like AI is, is accelerating anything, everything that we
• 1:09:31
  touch. And if a free mind is, is open
• 1:09:34
  to, to continue expanding on it, then what does AI have in terms
• 1:09:38
  of implications on protein folding and extending human life
• 1:09:41
  and looking at reprinting organs?
• 1:09:42
  I mean, anyone that googles protein folding technology right
• 1:09:45
  now, and I'm talking about, you know, folding our 20 amino acids
• 1:09:48
  and you'll see that we can, we can print 3D print skin and
• 1:09:52
  cartilage that matches almost any DNA structure in the world.
• 1:09:55
  And that's a simple printing mechanism.
• 1:09:57
  You know, printing organs is a whole different level, but but
• 1:10:00
  that's what's next. And so when we're able to start
• 1:10:03
  reproducing our organs that are failing or fixing brain cells
• 1:10:06
  or, you know, reprinting a human arm that from someone that's
• 1:10:09
  lost on a on in a war mission, then yeah, we do extend human
• 1:10:13
  life and human life starts to exceed 100 years, maybe 150.
• 1:10:17
  And this isn't the sci-fi. This is in fact, today we are
• 1:10:20
  extending human life. There is a growth curve of, of
• 1:10:22
  how human life is extending. And I imagine what's the world
• 1:10:25
  where, you know, Einstein is sitting there talking with, with
• 1:10:28
  Stephen Hawking's because they're both still alive,
• 1:10:30
  because that's the new norm. You know, we don't peek at a
• 1:10:33
  human potential at age 50. Maybe we peek at age 100, right?
• 1:10:36
  I know that sounds a little, you know, crazy today, but you just
• 1:10:39
  do the Google, do the research and you'll see that's the
• 1:10:41
  trajectory that we're on. And so the same thing happens
• 1:10:44
  when you look at nanotechnology and quantum computing and, and,
• 1:10:47
  and every faucet of, of human ingenuity, right, when nanobots
• 1:10:51
  can go and build a, a structure in hours instead of weeks or
• 1:10:56
  months or years. So we can send a ship to Mars.
• 1:10:59
  I mean, we're going to be in Mars at some point in the next
• 1:11:01
  1020 years. That's pretty factual, I think.
• 1:11:04
  And so if we think about sending, you know, this might
• 1:11:07
  take a bit longer, but in 50 to 100 years, if we can send a, a,
• 1:11:11
  a group of nanobots to a planet that we're exploring and have it
• 1:11:14
  use the planet's resources to build some structures before we
• 1:11:17
  arrive, then we can start looking at becoming an
• 1:11:19
  interplanetary species. But again, none of that can
• 1:11:22
  happen if we cripple under corrupt government under under
• 1:11:25
  our own money supply, if inflation drives us all to
• 1:11:28
  poverty, poverty and mass starvation and crazy warfare.
• 1:11:31
  None of this is possible. So when Bitcoin reaches its end
• 1:11:34
  goal and corruption is abolished and independent wealth is able
• 1:11:37
  to be reinvested to create a better future, then we end up in
• 1:11:41
  a new universe in a, you know, whatever time frame in the
• 1:11:44
  future where we are an interplanetary species where we
• 1:11:47
  do get to look at politics and differently.
• 1:11:49
  And we look at extending human life and we get to look at how
• 1:11:52
  much value can we produce as a species individually and and as
• 1:11:55
  a group. And, and that's what coin Lords
• 1:11:57
  really explores. So the universe here that's
• 1:11:59
  represented here is a multi planetary species that that that
• 1:12:03
  what humanity ultimately does become the bits.
• 1:12:05
  A lot of it is sci-fi, but it's all based on fact.
• 1:12:07
  Today it is called coin Lords because I'm exploring different
• 1:12:11
  type of character archetypes. The primary is the Bitcoin
• 1:12:14
  maximalist, right? The Bitcoin maximalist lives on
• 1:12:17
  planet Satoshi and represents ideals that I think we can all
• 1:12:20
  resonate to that you'll see references to in V for Vendetta
• 1:12:23
  and for in in Atlas shrugs writing and and and what we
• 1:12:26
  become a interplanetary species. Not all planets stay on the the
• 1:12:30
  light side. Some of them drift off back in
• 1:12:33
  to authoritarian regimes and power comes back up in different
• 1:12:38
  and manifest in different ways. So some of those planets drift
• 1:12:40
  back to authoritarian regimes and there's little battles.
• 1:12:43
  And So what does a Bitcoin miner look like in 200 years from now?
• 1:12:47
  What does nanotechnology look like and fusion technology look
• 1:12:51
  like in powering the highest hash rates?
• 1:12:53
  And are there planets that become ultimately just mining
• 1:12:57
  planets? So, so these these two girls
• 1:12:59
  here are twins and they were born on planet Gox.
• 1:13:03
  And planet Gox was invaded by the Hooded Ones and ultimately
• 1:13:06
  destroyed. And so obviously we all know
• 1:13:09
  Mount Gox. So I'm trying to represent real
• 1:13:11
  world events into a storyline. I'm trying not to invent
• 1:13:14
  anything thing with my creative mind and really just adopt real
• 1:13:17
  world events into into a story. Some of you might recognize this
• 1:13:22
  guy. There's real characters from the
• 1:13:23
  Bitcoin world right now that are inside the book.
• 1:13:27
  You know, at BTC sessions on there, you know, Dave Bradley's
• 1:13:29
  in there. And I want every character in
• 1:13:31
  every story to represent a real world story happening today and
• 1:13:35
  and let it be all community driven.
• 1:13:37
  So so these two girls were born on planet Gox.
• 1:13:39
  The planet was invaded and destroyed by the hooded ones.
• 1:13:42
  They were this one here in blue. She was rescued by the miners.
• 1:13:46
  And this is kind of a lore similar to you could see like
• 1:13:48
  the Mandalorian lore of in Star Wars lore.
• 1:13:51
  And and so that the the miners live on a planet that's covered
• 1:13:55
  in ice. It's a full ice planet.
• 1:13:57
  And they bore down to the center and create a tunnel system where
• 1:14:01
  they install their miners and borrow the radiant coolant from
• 1:14:04
  the planet to cool the miners. And in return, the heat of the
• 1:14:08
  miners melts the surface ice around the planet, which
• 1:14:12
  ultimately transforms it into a thriving ecosystem.
• 1:14:15
  And we get to explore what that means.
• 1:14:16
  And the miners get to hide amongst the bedrock of the
• 1:14:19
  planet. So no one even really knows that
• 1:14:20
  they're there. And then anyway, so, so there's
• 1:14:23
  you can see how there's like an extended story and and adoption
• 1:14:27
  of real world events. So like a the day trader, people
• 1:14:29
  that are just sitting looking at prices all day long.
• 1:14:31
  The day trader is like the Mystics of the storyline.
• 1:14:34
  And the day trader has this ability, this day trader here
• 1:14:37
  that has the ability to sense and feel fear and greed in any
• 1:14:42
  market or in any individual and that guides them to be making
• 1:14:45
  certain decisions in advance of other people.
• 1:14:47
  And the the strongest masters of the day trader lore can actually
• 1:14:51
  project fear and greed into individuals or entire
• 1:14:54
  populations crumbling or strengthening an economy at
• 1:14:58
  their will. So I get to explore a little
• 1:15:00
  more of the anarchistic philosophy.
• 1:15:02
  I know that a lot of Bitcoiners are anti government period and
• 1:15:06
  and learn more into the anarchistic philosophy.
• 1:15:08
  And so I get to explore that and the day trader lore as well.
• 1:15:11
  And then there's the hooded ones, which are essentially the
• 1:15:14
  hackers of the story. Now, does that mean that they're
• 1:15:16
  inherently bad? No.
• 1:15:18
  Does it mean they're inherently good?
• 1:15:19
  No, it means that they're a mix. I mean, you can say that anyone
• 1:15:22
  on the separate mailing list was a hacker at one point.
• 1:15:24
  Perhaps that's that's a fact. But does that mean good or bad?
• 1:15:27
  Well, it's kind of neutral. It kind of means that they're
• 1:15:29
  rogue and going outside the system.
• 1:15:31
  And sometimes that's great and sometimes it's not.
• 1:15:33
  But I want to represent a true, a true character and a true lore
• 1:15:37
  that represents both sides of the stories, both sides of the
• 1:15:39
  debate for each of the characters in it.
• 1:15:41
  And one of the, the other character, the fifth one is the
• 1:15:43
  developer. And I really look at the
• 1:15:45
  developer and you see over here I have the, the Atlas statue
• 1:15:48
  that you see from the Rockefeller downtown Manhattan.
• 1:15:51
  And it's really symbolic, A symbolic representation of Atlas
• 1:15:55
  Shrugged and Iran's work. And, and so to me, the
• 1:15:58
  developer, the software developer is one of the, the
• 1:16:01
  biggest producers of the world in the future, running all of
• 1:16:04
  the technology that we use every today, building the network and
• 1:16:06
  maintaining it. And, and there's two sides to
• 1:16:08
  that story too. There's good developer, there's
• 1:16:10
  bad developers, there's civil wars that happen and all that's
• 1:16:12
  represented inside the comic, which is a prequel to the TV
• 1:16:16
  series and the movie. Because a comic is just a
• 1:16:18
  storyboard for a movie. And for ATV show, the idea is to
• 1:16:22
  build a truly mainstream adopted TV show that people can
• 1:16:27
  gravitate to, build 100% on Bitcoin ideology and Bitcoin or
• 1:16:31
  philosophy to represent where we're going to explain where
• 1:16:35
  we're going. I imagine a world where we sit
• 1:16:37
  down with our with our family or our friends and we say, hey,
• 1:16:39
  what do you want to watch on Netflix?
• 1:16:41
  And you go through all the options and you end up let's
• 1:16:43
  watch the Bitcoin show because it's fun.
• 1:16:45
  It's it's action-packed, it's sci-fi and it represents things
• 1:16:49
  that are happening right now. Today.
• 1:16:50
  You might recognize some of the products that are in the pages
• 1:16:53
  or some of the products that are inside the story.
• 1:16:55
  So right now we, we got the first issue out.
• 1:16:57
  We launched it at the Bitcoin Rodeo in Calgary just last
• 1:17:00
  month. I'll be in Finland coming up and
• 1:17:02
  then out in Montreal coming up too.
• 1:17:04
  And I'm trying to build this as a full show.
• 1:17:07
  I have an 8 minute teaser of an animated version of a low budget
• 1:17:11
  adaptation of the comic up on YouTube.
• 1:17:13
  It's the only video on there. So the Coin Lords HQ YouTube has
• 1:17:16
  that 8 minute trailer and teaser and anyone can just watch and
• 1:17:21
  feel the mood of what I'm trying to create.
• 1:17:24
  Look, it's low budget. I bootstrapped it.
• 1:17:26
  You know, it's it's cringy in some ways, but it's also the
• 1:17:30
  feedback I got was really cool. I got to show it to 150 people
• 1:17:33
  in a movie theater, movie theater style environment in bit
• 1:17:37
  in in Calgary at the Bitcoin Rodeo.
• 1:17:39
  And we're going to be showing this full 8 minute enhanced
• 1:17:41
  version in Finland as well. And, and now I want to take that
• 1:17:45
  and make it a real movie, a real show, something that can go
• 1:17:48
  fully mainstream. So yeah, I really appreciate you
• 1:17:50
  letting me rant here a little bit.
• 1:17:52
  No, that was incredible. I absolutely love that.
• 1:17:55
  I love sci-fi. I'm a huge sci-fi guy.
• 1:17:58
  I love sci-fi movies and and really while you were going, it
• 1:18:02
  reminded me of one of the things I I forget where I first heard
• 1:18:05
  it or who, you know, the the quote can be attributed to.
• 1:18:08
  But there is, you know, a lot of bitcoiners, I think like to read
• 1:18:12
  non fiction. You know, they're like in
• 1:18:13
  economic textbooks and they're reading, you know, the broken
• 1:18:17
  money or the big print or the Bitcoin standard.
• 1:18:21
  But I absolutely love to read fiction because like you said,
• 1:18:24
  you're able to use fiction to kind of, you know, project where
• 1:18:27
  things are going and, and get different, like worlds created
• 1:18:31
  and people can, can really immerse themselves in them and
• 1:18:34
  see like a whole new vantage point.
• 1:18:37
  And it really is able to tell a different story than just a
• 1:18:40
  nonfiction book could. And so, man, kudos to you, Eric.
• 1:18:43
  I'm super excited to see the finished product here, the
• 1:18:47
  finished, I don't know, anime, maybe, I don't know, TV show,
• 1:18:51
  whatever it is. But I did see in the chat people
• 1:18:53
  were wondering, excuse me, can they get one of these?
• 1:18:58
  Like how? How can they get themselves a
• 1:18:59
  comic book? Yeah, right.
• 1:19:02
  The website is in development right now.
• 1:19:04
  It's launching very soon. This all happened very fast.
• 1:19:06
  So the easiest way is to just, you know, DM me on Twitter.
• 1:19:10
  It's Coin Lords HQ. You can, you know, find the coin
• 1:19:14
  Lords there. There's a Substack group.
• 1:19:15
  There's I, I just started an austere at, but it's all very,
• 1:19:18
  very new. So just send me Adm on Twitter
• 1:19:20
  and look like anyone that sends me Adm in the next, I don't
• 1:19:24
  know, 48 hours, I'll pick someone and give them a free
• 1:19:26
  comic, right? I'll send it to you for free.
• 1:19:28
  But but that's the easiest way to buy it right now.
• 1:19:30
  Like it's lightning payments only.
• 1:19:32
  And I can just, you know, we can sort that out manually.
• 1:19:35
  If you want to buy one, I'm happy to send one.
• 1:19:37
  And, and yeah, but, but anyone that sends me a DM on the
• 1:19:40
  Cornlords HQ Twitter, yeah, I'll just, I'll just, I'll pick
• 1:19:44
  someone and give you a free copy or, or, but that's the easiest
• 1:19:46
  way to buy one for now. It's all very early, like I'm
• 1:19:49
  bootstrapping all of it. I have like no budget in
• 1:19:51
  building it and just the passion project.
• 1:19:53
  So any help, you know, is really, it goes a really long
• 1:19:56
  way and until the website's launched, yeah, the DM is the
• 1:19:58
  best way to buy one. Absolutely incredible, man.
• 1:20:02
  Well, kudos to you. And I love the story that you
• 1:20:05
  were kind of laying out there, not not just the story itself,
• 1:20:10
  but the inspiration for the story.
• 1:20:14
  I think it's just, I think this is going to be super fun.
• 1:20:17
  I, I can't wait to sit down and read it myself.
• 1:20:19
  But Luke, you were asking about this earlier.
• 1:20:22
  What's your thoughts now hearing the whole story?
• 1:20:25
  Where? What Eric's building?
• 1:20:26
  Where it's going? Yeah.
• 1:20:28
  So I always encourage people to zoom out and as soon as Eric
• 1:20:31
  said intergalactic species, that kind of made my ears pick up a
• 1:20:37
  little bit because again, I'm a big believer that I think there
• 1:20:40
  have been other civilizations on other planets previously.
• 1:20:44
  I think Alex Spetsky's got a really interesting thesis that
• 1:20:47
  kind of explains why we haven't seen life on other planets.
• 1:20:50
  And I purely think it's because we haven't discovered energy
• 1:20:52
  money before. So I do think energy, money and
• 1:20:55
  the creation of Bitcoin, it is the biggest technological
• 1:20:59
  innovation in human history. I've spent way too many hours
• 1:21:03
  writing 50,000 words on paper, writing my own book, The
• 1:21:07
  Economic Singularity. I do think Bitcoins bigger than
• 1:21:09
  fire. It's bigger than the Internet,
• 1:21:11
  it's bigger than the printing press, it's bigger than the
• 1:21:13
  wheel. And I think it is going to be
• 1:21:14
  the thing that propels us to actually becoming a type 1
• 1:21:17
  civilization and actually becoming an intergalactic
• 1:21:21
  species. So I'm super excited to read the
• 1:21:23
  book. I love sci-fi Bitcoin books
• 1:21:25
  myself so I'm kind of excited to get my hands on copy.
• 1:21:28
  So yeah, yeah. Love it.
• 1:21:30
  Love it. OK, Eric, we're about to wrap
• 1:21:33
  up. Excuse me, but before we wrap
• 1:21:35
  up, I want to give you the floor for one final message.
• 1:21:38
  It could be about the book. It could be about life.
• 1:21:40
  It could be about going intergalactic in the future.
• 1:21:43
  What would be the final message to the audience?
• 1:21:46
  You know, I'd love to talk more about the comic or about my
• 1:21:49
  billboard company and all that stuff, but you know, if I'm just
• 1:21:51
  being from the heart, like at the end of the day, I said
• 1:21:53
  earlier like, don't, don't let your memes be dreams.
• 1:21:56
  There's so much creativity in everyone listening right now to
• 1:21:59
  the show. And you know what it is?
• 1:22:01
  I don't know what is, but you do know what it is.
• 1:22:03
  And I I'd love to see that creative potential come out
• 1:22:05
  right. We all have something that we
• 1:22:07
  can contribute to this world and it's so important that we do.
• 1:22:11
  Like, imagine if Satoshi Nakamoto, you know, individual
• 1:22:14
  or group or otherwise. Imagine if they chose to let
• 1:22:17
  that meme of a solution to the money supply.
• 1:22:22
  Imagine if they allowed the meme, the idea of Bitcoin to
• 1:22:26
  just not come into the real world.
• 1:22:28
  Imagine if they sat there on it and didn't take action, right,
• 1:22:31
  that we would be in a completely different world.
• 1:22:33
  Imagine if Henry Ford didn't go and do what he did with the
• 1:22:36
  assembly line or, you know, fill in the blank and and I don't
• 1:22:39
  want to be in a spot in 20 years from now or 10 years from now,
• 1:22:41
  or one of you didn't do that action that you want to build.
• 1:22:45
  And we have to be and we have to live in a world that that is
• 1:22:48
  missing it, right? And I want to see a world where
• 1:22:51
  we all take action on our great ideas and support each other in
• 1:22:55
  doing it. So if there was a final message
• 1:22:57
  there, it's like, look, we're all united on this shared vision
• 1:23:00
  of a better future, of a Bitcoin future, of an ideology that
• 1:23:04
  supports a more prosperous species, you know, more
• 1:23:08
  prosperous humanity. And, and, and I, I just, well, I
• 1:23:11
  just want to anchor it in, go in there and do it right.
• 1:23:14
  Like, like I, I dropped out of high school.
• 1:23:16
  I've had multiple companies, some of them fail, some of them
• 1:23:19
  succeed. You know, some things I'm proud
• 1:23:20
  of, some things I'm not proud of it, It happens, right?
• 1:23:23
  And, and at the end of the day, we just keep moving forward,
• 1:23:26
  keep failing forward, keep building for keep growing as an
• 1:23:29
  individual and see those memes become reality.
• 1:23:32
  And anyone can just send me a DM anytime.
• 1:23:34
  I'm happy to like incubate with some of the stuff you got going
• 1:23:36
  on. I'll help wherever I can.
• 1:23:37
  I'm sure that, you know, everyone around here would
• 1:23:39
  probably help as well. So that would be my final take
• 1:23:41
  away message, even though I'd love to talk more about comics
• 1:23:44
  and about billboards and all this stuff.
• 1:23:46
  Just, you know, go out there and be the best world.
• 1:23:48
  Be the best version of yourself that you know how to be.
• 1:23:51
  And tomorrow do it again and tomorrow do it again.
• 1:23:54
  If you get stuck, reach out for help and help is out there right
• 1:23:57
  there is light at the end of that tunnel.
• 1:23:59
  So there's my little take away message for you.
• 1:24:01
  Absolutely love it, Eric. Actually let's let's do do your
• 1:24:06
  billboard real quick and then we'll wrap up because that was a
• 1:24:08
  cool idea. Let let's do that real quick and
• 1:24:11
  then that'll get the audience involved in this.
• 1:24:13
  So let's talk about that for one minute and then we'll wrap up
• 1:24:16
  today's show. Sure, yeah.
• 1:24:18
  So by you can say my day job, my my real business, I'm the the
• 1:24:21
  CEO and Co founder of a company called the public board.
• 1:24:25
  And it's an idea I had a while ago of, you know, when I had my
• 1:24:28
  construction company. Well, the the the short version,
• 1:24:31
  I take massive giant digital billboards and let people put
• 1:24:35
  whatever you want on them. Right.
• 1:24:36
  So I own a board in North Dakota right now.
• 1:24:39
  I had a boards that I brought to different conferences.
• 1:24:41
  We're going to be in LA at the another major event that I'm
• 1:24:43
  going to announce soon and we're about to launch in downtown
• 1:24:47
  Nashville. The giant huge, if you Google
• 1:24:50
  the Nashville sign, there's only one answer.
• 1:24:53
  It's a giant 38 foot by 38 foot massive digital billboard right
• 1:24:57
  outside of right on the outskirts of downtown.
• 1:25:01
  And let anyone put anything on it.
• 1:25:02
  And often I'll let people do it for free so that you can help me
• 1:25:05
  with shutouts. And then, you know, I try and do
• 1:25:07
  paid spots. But the idea is it's the world's
• 1:25:09
  first crowd sourced billboard. Anyone in the world has access
• 1:25:13
  and anyone can vote on each each other's content to see which
• 1:25:16
  piece of content or which message gets displayed more
• 1:25:18
  often. I put up there Bitcoin equals
• 1:25:20
  better government. You know, I put up there a whole
• 1:25:22
  bunch of stuff for the Bitcoin rodeo in the SAT market.
• 1:25:24
  And you can put memes and just little happy birthdays and shout
• 1:25:27
  outs. And so the idea is to, you could
• 1:25:29
  say, democratize access to billboards previously.
• 1:25:33
  And most people listening right now have never been on a
• 1:25:35
  billboard before. Why?
• 1:25:36
  Because it's cornered by large corporate spenders.
• 1:25:38
  It's not really a public medium accessible to the average human.
• 1:25:42
  And that's a problem to me. I think it's it's annoying to
• 1:25:45
  drive home and see these massive boards forcing ads down my
• 1:25:48
  throat that I did not consent to seeing.
• 1:25:50
  And I can't put an ad blocker like I can on Google.
• 1:25:53
  I can't put, you know, a block certain URLs like I can on
• 1:25:55
  Facebook. It's just there.
• 1:25:57
  And the only way to to avoid that ad in my face is to close
• 1:26:00
  my eyes while driving. It's not a really good idea.
• 1:26:03
  I have to look at those ads not not by choice.
• 1:26:06
  So if we switch that narrative and let massive billboards
• 1:26:10
  across the world be populated by general public content, then
• 1:26:14
  it's different because now you people have like anyone
• 1:26:17
  listening has control over what's displayed.
• 1:26:20
  You get to see what's on those, you get to control what people
• 1:26:23
  see on those board. You get to control what's in
• 1:26:25
  your neighborhood. You get to control what your
• 1:26:27
  kids see when you're driving them to school.
• 1:26:28
  And that's the the foundation. So we have some interesting
• 1:26:31
  Angel investor backing from some major names, you know, in the
• 1:26:35
  United States and we're just launching right now in the
• 1:26:37
  Nashville sign. It's the biggest sign.
• 1:26:39
  It's one of the biggest signs in all of North America.
• 1:26:41
  And, and I coordinate free photos, drone videos, and anyone
• 1:26:45
  can just post anything they want on it.
• 1:26:47
  And, and I'll coordinate and make everything else really,
• 1:26:49
  really easy. So that's the, that's the public
• 1:26:51
  board and that's the Billboard world that I'm, I'm focused on.
• 1:26:54
  It's like part of the decentralized future and it's
• 1:26:57
  something I'm really passionate about.
• 1:26:58
  There's been a lot of hurdles in the company to get to where we
• 1:27:01
  are. And you know, I have other
• 1:27:02
  partners and we kind of debate sometimes of what kind of
• 1:27:05
  content we should put up there and not put up there.
• 1:27:07
  It's difficult, it's a process, but at the end of the day, it's
• 1:27:10
  that it's putting, it's letting anyone listening right now to,
• 1:27:14
  to put any message if you want on some of North America's
• 1:27:17
  biggest digital billboard assets that exist and giving you photos
• 1:27:21
  and videos for your social media, for your keepsakes, for
• 1:27:23
  whatever you want to do. So that that's the, the core
• 1:27:26
  message there. And again, anyone that sends me
• 1:27:28
  a message, you send me a message on, let's just say the Coin
• 1:27:30
  Lords HQ, send me a message there of what message you want
• 1:27:33
  on a big billboard. I'll pick a couple and I'll put
• 1:27:35
  them live and I'll send you a photo of that massive billboard
• 1:27:39
  displaying your message. And you know, there's no cost to
• 1:27:41
  that at all. It's just a fun way to to
• 1:27:42
  interact with with everyone. So that's a little bit about
• 1:27:45
  billboards. That's absolutely awesome, guys.
• 1:27:49
  So blow up his DMS. Let's get a Crowdsource simply Bitcoin
• 1:27:56
  billboard with your guys favorite quotes.
• 1:27:59
  Thank you so much for coming on, Eric.
• 1:28:01
  Super, super inspired by what you're working on and what
• 1:28:05
  you're doing, man. Thanks for coming on today.
• 1:28:07
  This was a great RIP. And Luke, of course, thanks for
• 1:28:11
  filling in on the short notice. Luke will be here tomorrow as
• 1:28:14
  well, so you know we're going to be super bullish on tomorrow's
• 1:28:17
  episode as well. All right, Eric hang out behind
• 1:28:21
  the scenes for a second. Let me wrap up the show you as
• 1:28:23
  well Luke, actually, Luke, you can run.
• 1:28:25
  I'll I'll talk to you in the morning.
• 1:28:26
  You you already know the deal, but guys, we love you guys
• 1:28:30
  appreciate you guys smash the like button comment on this
• 1:28:33
  video and of course subscribe. We drop the most and the best
• 1:28:35
  content out of any Bitcoin channel, period.
• 1:28:39
  On that note, spin your host Opti for today and I will see
• 1:28:43
  you tomorrow. Peace out guys.
• 1:28:46
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• 1:28:49
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• 1:28:52
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