Latest / Simply Bitcoin / Altcoin Lobby STOPS America's Bitcoin Reserve (Explained) | EP 1169

Transcript

Altcoin Lobby STOPS America's Bitcoin Reserve (Explained) | EP 1169 · Simply Bitcoin

• 0:00
  Yo is the Bitcoin strategic reserve in America being
• 0:06
  sabotaged by an altcoin company? Trump's executive order last
• 0:12
  week that related to digital assets was missing a word.
• 0:16
  It was missing the word Bitcoin. The community, the community
• 0:20
  find found this extremely strange, especially because of
• 0:25
  the amount of effort that we put behind the Trump campaign.
• 0:29
  Today we're going to be exposing which altcoin company was behind
• 0:34
  this attack and what we can do about it.
• 0:38
  We have six months to rectify it.
• 0:41
  But before we jump into all the details, I want to bring up my
• 0:45
  legendary Co host who is always optimistic optimist Fields
• 0:49
  special guest for today, James from stamp seed.
• 0:53
  All right everybody, no more delay.
• 0:55
  Let's jump straight into the news.
• 0:57
  So what altcoin company and I say company on purpose am I
• 1:02
  talking about? I am talking about ripple.
• 1:06
  It was discovered yesterday last week, we were all waiting for
• 1:10
  the strategic Bitcoin reserve to come out of Trump to come out of
• 1:14
  the Trump administration to come out of the White House.
• 1:17
  We were expecting an executive order from day one at least
• 1:22
  making it so that there was a Bitcoin stockpile, not
• 1:26
  necessarily saying that they were going to buy more Bitcoin,
• 1:29
  but at least saying, hey, we're not going to sell the Bitcoin
• 1:32
  that we have, the Bitcoin that we've confiscated.
• 1:35
  You know, all these years. The same thing that Trump
• 1:38
  promised us at the Bitcoin conference, He didn't come
• 1:41
  through with that. Now we found out why that was.
• 1:45
  I got some texts from people in DC and of course the community
• 1:49
  was the diving deep into it. So let's jump straight into the
• 1:52
  article Bitcoin reserve or nothing.
• 1:55
  Ripple slammed for pushing multi asset reserve.
• 2:00
  The Bitcoin community is criticizing ripple for
• 2:02
  advocating AUS multi coin strategic reserve instead of
• 2:07
  Bitcoin only Pierre Richard says the biggest obstacle for the
• 2:12
  Bitcoin reserve is not the Fed treasury banks Oregon Elizabeth
• 2:15
  Warren. It's ripple.
• 2:17
  They're aggressively lobbying against the SPR by throwing
• 2:21
  around millions at politicians desperately trying to derail it.
• 2:25
  They did the same same to attack Bitcoin mining under the Biden
• 2:30
  administration. Obviously, they want to protect
• 2:32
  their marketing narratives and push for a central bank digital
• 2:36
  currency built on their platforms.
• 2:40
  Brad Garlinghouse responds with unless you're choosing to ignore
• 2:43
  the core tenants of the president's campaign, which
• 2:48
  aggressively supports American companies and technologies, our
• 2:52
  efforts are actually increasing the likelihood of a crypto
• 2:56
  strategic reserve, which includes Bitcoin happening.
• 3:00
  It goes on to say Pierre was not the same and includes my quote
• 3:05
  in here deliberately working Ripple that they are
• 3:08
  deliberately working against the US Bitcoin strategic reserve
• 3:12
  initiative, prioritizing their own interest over the well-being
• 3:15
  of the American people. Ryan Selkis says I didn't donate
• 3:20
  $12 million to Kamala or cost the GOP three additional Senate
• 3:24
  seats like Ripple did. But I'm still trying to I'm I'm
• 3:28
  I'm still going to try to help President Trump team understand
• 3:33
  why XRP is the poster child for why we shouldn't have a national
• 3:37
  crypto reserve, Bitcoin reserve or nothing.
• 3:41
  Now here's more information. Face the facts Ripple slash XRP
• 3:47
  has been the leading source of anti Bitcoin misinformation for
• 3:50
  more than a decade. They have aggressively lobbied
• 3:53
  policymakers around the world to try to ban Bitcoin mining,
• 3:57
  weaponizing woke ESG narratives to promote their centralized
• 4:01
  token, goes on to say. Here's another example of Ripple
• 4:05
  Co founder Chris Larson says that he's going to donate.
• 4:09
  He what he did donate $10 million in XRP to the Kamala
• 4:15
  campaign. Now here is Ripple story in
• 4:18
  connection with central bank digital central bank digital
• 4:22
  currencies. Here's Efrat.
• 4:23
  She's an amazing content creator, she says.
• 4:26
  Hey, Ripple slash XRP lovers, sorry to burst your bubble.
• 4:29
  If you're a freedom lover, how come you'd believe a company
• 4:33
  aspiring to be a CBDC platform of choice for governments and
• 4:37
  central banks? How can you be pro freedom and
• 4:40
  keep feeding the beast? Let's take a look at the love
• 4:43
  story between Ripple and CBDC's. These experts are.
• 4:47
  These excerpts are taken from my latest article on Bitcoin
• 4:51
  Magazine. Ripple, a digital payment
• 4:54
  network and transaction protocol that owns the cryptocurrency
• 4:58
  XRP, is considered one of the most popular cryptocurrencies
• 5:02
  and is strategically positioning itself at the heart of
• 5:05
  government financial innovation, aiming to be the corner
• 5:09
  cornerstone of future central bank digital currencies.
• 5:13
  It goes on to say quote Ripple is in talks with about 20
• 5:17
  governments to develop their CBDC's using Ripple's
• 5:20
  technology. In May 2023, Ripple launched a
• 5:24
  dedicated CBDC platform to assist central banks,
• 5:29
  governments and financial institutions around around the
• 5:33
  world and issuing a CBDC and stablecoins.
• 5:36
  To date, Ripple has partnered with six governments for CBDC
• 5:40
  pilot programs, Georgia, Colombia, Montenegro, Hong Kong,
• 5:45
  Bhutan and the Republic of Palu. It goes on to say quote Ripple
• 5:50
  encourages the abolition of cash and unsurprisingly, it promotes
• 5:54
  the climate agenda. The company's website presents
• 5:57
  it's a commitment to a clean, prosperous and secure low carbon
• 6:02
  fuel future with a plan to reach carbon net zero by 20-30.
• 6:08
  Here's another another article that says Ripple scores victory
• 6:12
  against strategic Bitcoin Reserve.
• 6:14
  Ripple's dreams came true this month when it's pro altcoin
• 6:18
  lobbying efforts in the US scored decisive victories,
• 6:22
  eliminating not only the word Bitcoin from all executive
• 6:25
  orders and actions signed by Donald Trump, but also ending 2
• 6:29
  efforts to establish a national Bitcoin reserve reserve outside
• 6:34
  the US. It's succeeding with it's stable
• 6:37
  coin technologies, earning press for tests, preliminary projects
• 6:41
  with banks, it's even using XRP technology and central bank
• 6:46
  digital currencies. All right, Just to kind of set
• 6:48
  the tone here before we continue the conversation guys, you can't
• 6:52
  be pro Bitcoin and pro CBDC and. I'll say another thing.
• 6:58
  They didn't donate to the Trump campaign, they donated to the
• 7:01
  Kamala campaign. Which makes perfect sense
• 7:04
  because there was a there was a legislation being passed in the
• 7:08
  House last year regarding a bill that was supposed to ban central
• 7:14
  bank digital currencies and across party lines.
• 7:18
  The Democrats, not all of them, voted against the bill that
• 7:21
  would ban CBD CS and most of the Republicans, I think 1 didn't
• 7:25
  vote, voted for the bill that would ban central bank digital
• 7:30
  currencies. So I'm a little bit disappointed
• 7:33
  that these politicians that essentially were being worked
• 7:39
  against by the opposing party being funded by Ripple.
• 7:44
  Now that Ripple's like, Oh my God, Trump's in power.
• 7:46
  They're like, you know, they're, they're taking the convenient
• 7:50
  route and they're saying, you know what, actually, we're pro
• 7:52
  Trump. And they got in there and
• 7:55
  essentially they stopped this thing.
• 7:56
  And I was getting some texts. I can't reveal who it is
• 7:59
  obviously, but I was getting some texts from pretty
• 8:02
  influential people in the Imperial City.
• 8:05
  And they were saying, yes, there's this huge effort that is
• 8:09
  being conducted by Ripple that launched the XRP token and has
• 8:15
  been dumping it on everybody. I believe they own like 80% of
• 8:18
  the supply, confirming that this is the case.
• 8:21
  So the reason that a strategic Bitcoin Reserve executive order
• 8:27
  was not launched last week or was not announced last week and
• 8:31
  it was a generic strategic digital asset reserve was
• 8:37
  because Ripple got in there and basically lobbied politicians
• 8:41
  with their millions of dollars, which they just printed out of
• 8:43
  thin air, and they stopped this thing in their tracks.
• 8:47
  Now, Optia was telling me before the show that apparently we have
• 8:50
  six months to rectify this. And I think it's very important
• 8:54
  for Bitcoiners to really hold the line and say, listen, a
• 8:59
  Bitcoin reserve or no reserve, I think a a like a bunch of
• 9:07
  Bitcoin and altcoins all in a strategic reserve wouldn't make
• 9:13
  it a strategic reserve anymore. It would just make it Bitcoin
• 9:18
  and a pile of non strategic reserves.
• 9:21
  So anyways, Opti, you did, you did mention something earlier
• 9:25
  about six months to rectify this, six months that are given
• 9:30
  to us in order for us to lobby as a community, as an industry
• 9:35
  to really, I guess, educate these politicians.
• 9:38
  But man, listen, I'll say something else guys.
• 9:41
  Ripple is an enemy of freedom. It's an enemy of Bitcoin.
• 9:45
  They've been doing this for over a year.
• 9:48
  When they attacked Bitcoin mining, when they funded the
• 9:51
  Kamala campaign. The Kamala campaign was not pro
• 9:54
  Bitcoin. The Kamala campaign was pro
• 9:57
  central bank digital currency. And we all know how Ripple feels
• 10:01
  about central bank digital currencies.
• 10:03
  So make no mistake, Ripple is an enemy of freedom and they're an
• 10:08
  enemy of Bitcoin just because they're kind of changing tune
• 10:13
  because there's been a change in the guard here in the United
• 10:15
  States and Trump got into office.
• 10:18
  If you are, you know, part of the Trump administration, these
• 10:22
  people are not your friends. They campaigned against you.
• 10:26
  They funded your political opponents for all of 2024.
• 10:30
  So why the change in tune? So again, a little bit
• 10:34
  disappointed, but that Opti was informing me that we have six
• 10:38
  months to fix this. So Opti, what were you talking
• 10:41
  about? Yeah.
• 10:42
  So if you read the executive order, I'm, I'm blanking on what
• 10:46
  the name was, but it's something to innovate, you know, digital
• 10:49
  assets in the United States. Part of it was, you know, the
• 10:53
  first thing is it's. Strengthening American
• 10:55
  leadership in digital. Yeah, there you go.
• 10:58
  That's the executive order name. Obviously, if you read it, there
• 11:02
  is no mention of Bitcoin in that executive order at all.
• 11:05
  It just talks about digital assets, but also in it, it does
• 11:09
  ban CBDC's at least coming from the Fed.
• 11:11
  But as a lot of people in Bitcoin have been talking about
• 11:14
  maybe a quote UN quote, CBDC comes out of the private sector
• 11:18
  and hence why Ripple is kind of positioning themselves to, you
• 11:22
  know, potentially be that central bank digital currency or
• 11:24
  it won't actually be a central bank digital currency because
• 11:27
  it's not coming from the Fed. But you know, in that same in
• 11:30
  paper talking about digital assets, it did talk about
• 11:32
  banning CBDC's in America. Obviously, like I said last
• 11:36
  week, there are some good things coming out of this executive
• 11:38
  order, which is specifically eliminating the FDIC and the Fed
• 11:43
  from even interacting with this executive order.
• 11:46
  Now the part that Nico is talking about is if you read the
• 11:49
  EO, it basically says that they will have 180 days to look into
• 11:55
  the potential of a strategic Bitcoin reserve or strategic
• 11:58
  digital asset reserve. So this was, it was essentially
• 12:01
  an announcement of an announcement.
• 12:02
  As far as I'm concerned, though, it was kind of a thing that a
• 12:06
  lot of his bitcoiners were looking for.
• 12:08
  It was part of the campaign that Trump was talking about.
• 12:10
  But essentially we have 180 days.
• 12:12
  I think now it's, I don't know where we're at now, maybe it's
• 12:15
  like 175 days or something like that to potentially or rather
• 12:21
  talk to people in power, talk to, you know, Senator Lummus,
• 12:24
  etcetera, and other people that will be involved with this.
• 12:28
  And it just basically shows telling them that, hey, it
• 12:32
  should be Bitcoin only, as a lot of Bitcoiners have been saying,
• 12:34
  if it's not a Bitcoin only strategic reserve, then we don't
• 12:37
  even want it is really the trend that a lot of Bitcoiners have
• 12:40
  been talking about right now. But yeah, it says in that
• 12:42
  executive order that will give 180 days to look into this.
• 12:46
  So from what I'm hearing and basically my read from it is we
• 12:50
  have about 6 months to continue to talk to the politicians.
• 12:54
  If you are in favor of a strategic Bitcoin reserve, maybe
• 12:57
  reach out to your local politicians, inform them of the
• 13:01
  fact that Ripple is a shit coin. It is, you know, anti freedom.
• 13:05
  Maybe even talk about the fact that the 1st 32,000 entries into
• 13:09
  their Ledger just so happened to disappear and what is actually
• 13:13
  going on with Ripple. And obviously that it is a
• 13:16
  centrally controlled digital currency.
• 13:19
  Because as you know, if you've been in Bitcoin long enough, do
• 13:23
  you understand that if there's a figurehead, if there's a company
• 13:25
  behind your altcoin, then it's really not decentralized.
• 13:28
  And Ripple is like one of the top shit coins.
• 13:31
  They've been doing this for 10 years.
• 13:33
  Like it really blows my mind that anyone could be in the
• 13:36
  quote UN quote Bitcoin space and be pushing for this kind of
• 13:40
  ridiculous CBDC angling that, yeah, you know, we want to be
• 13:44
  the CBDC for for the world. And it's like what it like, it
• 13:47
  just makes no sense to me. It, it really, it really just
• 13:50
  goes to show that there's a lot of people in the quote on quote
• 13:53
  crypto space that are 1 scammers and frauds and two, only here
• 13:56
  for the number go up aspect of Bitcoin.
• 13:58
  Now, obviously we all love number go up because as number
• 14:02
  goes up, more people start to come into the space.
• 14:04
  But the thing about Bitcoin is that it is truly distributed.
• 14:07
  It is decentralized and no one controls it and there is no
• 14:10
  figurehead to cut off. So I think right now for the
• 14:13
  next six months, instead of just getting really angry about this,
• 14:16
  I think it's very important for us to continue to be loud and
• 14:19
  show and explain why it should only be Bitcoin.
• 14:23
  I know, you know, Kaiser's been out here trolling Trump a lot,
• 14:25
  calling him a shit coin president.
• 14:27
  But I think right now is the time to not just get mad about
• 14:31
  it. And obviously we're we just have
• 14:32
  Twitter accounts, probably, you know, most of us on on Bitcoin
• 14:35
  Twitter, we're just like Twitter people.
• 14:37
  So, yeah, you know, we can yell at them all we want.
• 14:40
  But I think it's very important to continue to educate these
• 14:43
  people because maybe they don't know the difference.
• 14:46
  Like a lot of the politicians that are going in or kind of
• 14:48
  embracing Bitcoin, they probably don't know the difference
• 14:51
  between Bitcoin and everything else.
• 14:53
  And you know, do I blame them? No, they got other things on
• 14:55
  their plate. But right now, if this is the
• 14:58
  case right now where we have six months to kind of educate them,
• 15:02
  let them look into a strategic Bitcoin reserve.
• 15:05
  Hold on. Wow, choking on my saliva over
• 15:08
  here. It, it's very important for us
• 15:11
  to stress that it should be Bitcoin, obviously, even if it's
• 15:15
  just, you know, they, they basically take all the Bitcoin
• 15:18
  that the government is has already confiscated or all those
• 15:21
  shit coins that the government's already confiscated.
• 15:23
  Maybe they just swap it over, sell all of those shit coins and
• 15:26
  then stack more Bitcoin with it. I mean that that might not be,
• 15:31
  you know, Bitcoin maxi style points, but that might be one of
• 15:34
  the best case scenarios right now.
• 15:35
  But yes, there was no mention of Bitcoin in this.
• 15:39
  Obviously there's some good things in this executive order,
• 15:41
  but it's also an announcement of an announcement.
• 15:43
  It said essentially, give us 180 days, we're going to look into
• 15:46
  this and we'll, you know, do the research and see what we can do
• 15:52
  and actually what will go into the strategic reserve.
• 15:54
  So as of now, it's looking like a shit coin reserve because of
• 15:57
  this lobbying. But in reality, it's obviously
• 16:01
  going to be Bitcoin only. Everything in this whole reserve
• 16:04
  that's not Bitcoin is not going to do what the strategic reserve
• 16:08
  is set out to do. So it and without without a
• 16:11
  doubt, it will be mainly Bitcoin.
• 16:14
  But it looks like we are seeing the altcoin lobby out there
• 16:17
  trying to lobby for their pet project to get into this as
• 16:20
  well, obviously just to pump their pump, pump their bags.
• 16:23
  Of which they created at no cost to themselves, of which they own
• 16:28
  80% of the supply. And they're going out of their
• 16:31
  way. Like it's so like it's so
• 16:34
  insidious. And I'm, I'm, I'm a bit
• 16:37
  disappointed because it goes from, you know, Trump had a
• 16:41
  historical win, the historical election, so much things that he
• 16:45
  had to overcome. And essentially, Ripple was
• 16:50
  funding the opposing political party that was running against
• 16:53
  him now that the Republicans won in a sweep.
• 16:57
  They won the House, they won the Senate, and they won the
• 17:00
  presidency. Now all of a sudden, they're
• 17:02
  lobbying the party in power, basically saying, oh, you know
• 17:06
  what? Actually, we actually like you
• 17:08
  guys. It can't just be a Bitcoin
• 17:10
  strategic reserve. It needs to be a digital asset
• 17:13
  reserve, of which Ripple has to be included.
• 17:16
  Like, you know, these guys weren't your friends.
• 17:19
  These guys were not on your side.
• 17:21
  And these these guys also have been attacking Bitcoin for a
• 17:25
  long time. They attacked the mining
• 17:27
  industry. Now they're attacking the
• 17:29
  strategic Bitcoin Reserve initiative.
• 17:31
  They don't have the well-being of the American people in their
• 17:36
  minds and their in their intentions.
• 17:38
  They have the well-being of Ripple.
• 17:40
  They have the well-being of themselves.
• 17:43
  They're not a company. And again, you can't tell me
• 17:47
  that they have the well-being of the American people, but at the
• 17:50
  same time advocating for central bank digital currencies.
• 17:54
  You can't say that that like central bank digital currencies
• 17:59
  is going to make Fiat currencies look like, you know, like a
• 18:04
  pony, essentially like a harmless pony.
• 18:07
  Like it, it is ridiculous. This is completely ridiculous.
• 18:11
  And I, I, I hope some people in the Trump administration wake up
• 18:16
  to this reality that they're being lobbied by people that ran
• 18:20
  against them, that funded their, their opposing political
• 18:23
  candidates. So it's, it's absolutely
• 18:25
  ridiculous. James, what are your thoughts on
• 18:27
  this? Yeah, so initiative to establish
• 18:32
  leadership around digital currencies, 6 months to kind of
• 18:36
  figure this whole thing out. It really what it really like
• 18:38
  sounds like to me. I look at this as like a
• 18:39
  metaphor of like the individual who goes through their shit coin
• 18:42
  journey, which like pretty much everyone has done.
• 18:45
  And is that just happening, you know, at the government level,
• 18:47
  at the nation state level, It happens at the corporate level,
• 18:50
  happens at, you know, the individual level, It's happening
• 18:53
  at the, you know, the level of the government as well.
• 18:55
  And I just think, you know, as far as like Ripple goes, it's
• 18:58
  like they're very aggressive. Like if you think back on their
• 19:02
  collaboration with Greenpeace to basically say Bitcoin wasted too
• 19:07
  much energy, that giant skull that was going around, they
• 19:10
  gifted us. And now they're pretty much
• 19:12
  trying to get in front of the way of the CV of the strategic
• 19:16
  reserve. Sorry, by forming a CBDC,
• 19:18
  they're just kind of like they're aggressive, right?
• 19:22
  The way I look at they're trying to get there 1st and use their
• 19:24
  words and kind of trick people and manipulate to, you know, to
• 19:28
  create something like this. And where I look like
• 19:29
  Bitcoiners, we're a little bit more, I don't want to say this
• 19:32
  for everybody, but I feel a little the vibe's a little more
• 19:34
  like laid back. It's like, you know, we'll say I
• 19:38
  told you so when, when the time is right, when you come around
• 19:40
  to understanding that Bitcoin is the best fuller money because
• 19:43
  it's decentralized because nobody's in control of it.
• 19:45
  And I just like we're, you know, there's people out there on the
• 19:48
  front lines obviously doing what they have to do to get this
• 19:50
  information out in front, but I think it's a lot less than what
• 19:53
  we're seeing, you know, from Ripple.
• 19:54
  And I, I kind of like take more of like the like the passive
• 19:58
  approach where it's just like, OK, they're going through a shit
• 20:00
  coin journey for whatever reason, you know, they're
• 20:03
  wedding out the bullshit. Maybe they're bringing it to
• 20:05
  light to show that it is bullshit to weed it out.
• 20:08
  But at the end of the day, we know what Bitcoin is.
• 20:10
  We know that it, you know, can't change.
• 20:12
  It belongs to us. You can go and buy it.
• 20:14
  There's not someone that holds 80%.
• 20:17
  Of the supply that's, that's basically going to rug you
• 20:20
  create more out of nowhere. It's all, you know, has its
• 20:23
  supply schedule laid out. So like, we know what Bitcoin
• 20:25
  is, we know what the road map is, and I just feel like that
• 20:29
  road map will converge with the strategic reserve that, you
• 20:34
  know, the US is planning for a digital asset and that will be
• 20:37
  Bitcoin. So I just feel like it's kind of
• 20:39
  like a waited out. It's, you know, there's a lot of
• 20:42
  good things that are happening in the Bitcoin space because of,
• 20:47
  you know, who's elected right now.
• 20:48
  I think it's a very good time for Bitcoin.
• 20:50
  There's lot of great things. You know, Gary Gensler's out.
• 20:52
  We have a Bitcoin friendly SEC chair SAB 1/21 was rescinded.
• 20:58
  I, I think a Bitcoin strategic reserve is, is next.
• 21:01
  It's just for whatever reason, we got to go through this
• 21:04
  bullshit phase of lobbying and, you know, hopefully just, you
• 21:08
  know, get through this pretty fast.
• 21:11
  I think people realize that Bitcoin is pretty fast and I
• 21:14
  just feel it's inevitable that no matter what level you're
• 21:16
  buying it, individual operation, nation state.
• 21:20
  Absolutely. I I'm 100% agree, 100% agree
• 21:23
  with James. And another thing also to guys
• 21:25
  that I'll, I'll mention here is like altcoins, you know, again,
• 21:32
  we're libertarians, right? So if you feel like buying, you
• 21:35
  know, pony coin or whatever, you know, whatever floats your boat,
• 21:41
  you more than likely will get wrecked.
• 21:43
  We recommend Bitcoin only. It's the only true money that
• 21:46
  exists. But I'll say this, altcoins are
• 21:50
  inherently centralized. So if they do pick up any type
• 21:54
  of traction, because they're inherently centralized, they
• 21:59
  need the protection of the state in order for them not to be shut
• 22:03
  down. So it is, it was and is an
• 22:06
  inevitability that XRP, in order to ensure its survival, cozies
• 22:12
  up to governments and say, hey guys, Bitcoin's a threat to you
• 22:16
  guys. Well, we got the solution.
• 22:18
  We got Ripple and we got CBDC's. Don't worry, you won't lose your
• 22:23
  control and your monopoly on money.
• 22:25
  We got your guys's back. That's what that's what's
• 22:27
  happening. This was the inevitable
• 22:30
  conclusion of this is the inevitable conclusion of any
• 22:34
  altcoin that becomes so popular. They have to cozy up to the
• 22:39
  state. They have to cozy up to the
• 22:42
  government, because if not, the government will shut them down
• 22:46
  because they're inherently centralized.
• 22:48
  What makes Bitcoin unique, what makes it special, what makes it
• 22:52
  different is that it's completely decentralized.
• 22:55
  Nobody can change the rules. Doesn't matter how much of the
• 22:58
  supply you own and no one controls it.
• 23:03
  And because no one controls it, no one can Co opt it.
• 23:06
  We don't need to lobby anyone. We don't need to cozy up to
• 23:11
  someone to ensure it's survival. When the CCP bans Bitcoin mining
• 23:16
  within their borders and they had like 60 to 70% of the hash
• 23:20
  rate within their territory at the time, the hash rate dropped
• 23:24
  by 50% and without any CEO or any central authority telling
• 23:30
  miners to plug back in because of bitcoins incentives, the hash
• 23:35
  rate decentralized globally, a lot of it going to Kazakhstan,
• 23:39
  Texas, Paraguay, Canada, and now the hash rate is making all time
• 23:44
  highs. No CEO needed to tell them to do
• 23:47
  that. No government needed to tell
• 23:49
  them to do that. It was bitcoins incentives that
• 23:53
  did it by itself. So Bitcoin is this
• 23:56
  self-sufficient entity that essentially incentivizes
• 24:01
  humanity to ensure it's survival.
• 24:03
  No other altcoin has those sets of incentives.
• 24:08
  It has these sets of incentives where we're playing the Fiat
• 24:11
  game all over again. Like one of the things that I
• 24:13
  noticed this weekend when I'm not going to name any names, but
• 24:17
  it seems like this meme coin extravaganza is accelerating to
• 24:22
  crazy levels. You have the president launching
• 24:25
  a meme coin. You have some predominant quote
• 24:29
  UN quote Bitcoin Maxis launching meme coins without naming any
• 24:33
  names. And essentially what I'm coming
• 24:36
  to realize is the public is slowly finding out that anybody
• 24:42
  can create a coin. And now if you start going down
• 24:46
  that rabbit hole, you start to come to the Enneville
• 24:48
  conclusion. Why is the government any
• 24:51
  different? Don't they essentially do the
• 24:53
  same thing? Isn't creating a meme coin out
• 24:56
  of nothing essentially the same thing that governments do
• 25:00
  through Fiat? It's the same thing.
• 25:03
  They're creating and printing and issuing money that's coming
• 25:06
  out of thin air at no expense to them, at the expense of everyone
• 25:12
  else that is essentially has to buy the bag.
• 25:16
  That's essentially the game. Bitcoin is the only true money.
• 25:21
  There's only 21 million, and if you want to make more Bitcoin,
• 25:25
  you have to buy it, mine it, earn it.
• 25:28
  That's it. There's no other way.
• 25:30
  You cannot just print more Bitcoin.
• 25:33
  You have to invest in the infrastructure and mine it like
• 25:36
  everybody else. It doesn't matter whether you're
• 25:38
  an emperor, a king, a president, you are equal to the pleb in his
• 25:44
  basement that has a bid axe. He's mining Bitcoin and he has
• 25:47
  to pay power costs just as much as you do if you want to get
• 25:51
  more Bitcoin. That's what makes Bitcoin
• 25:53
  different. And if you want to know why XRP
• 25:56
  is doing, why XR, what what XRP is doing is it's because it's
• 26:00
  trying to ensure it's survival and it's success while competing
• 26:08
  with Bitcoin. And you cannot compete with
• 26:11
  Bitcoin based on Bitcoins principles, based on principle,
• 26:16
  based on Bitcoins incentive structure.
• 26:20
  So you need the state in order to ensure that your altcoin is
• 26:25
  successful. If your altcoin reaches
• 26:28
  sufficient size and market cap, it's an inevitability.
• 26:31
  It's it's always going to happen anyways.
• 26:34
  So starting off Monday strong. But anyways, I still think we'll
• 26:37
  get a a strategic Bitcoin reserve.
• 26:40
  Is it going to be as boss and as as pure as El Salvador's?
• 26:47
  I don't think so. I think, I think Naeem Bukele
• 26:52
  and Max and Stacey have done a great job there with the Bukele,
• 26:56
  with the with the Bitcoin office to ensure that El Salvador stays
• 27:02
  pure and whatnot. But yeah, I mean, it's, it's
• 27:06
  crazy. But hey, guys, this is politics.
• 27:09
  This is the separation of money and state.
• 27:11
  We did get some major wins. We got Ross freed.
• 27:14
  We got the administration off our back from a regulatory
• 27:17
  perspective. So it's not perfect, but we are
• 27:20
  definitely making progress. We're definitely heading in the
• 27:23
  right direction. And this week, I will be
• 27:26
  dropping an exclusive interview that I had in Washington, DC
• 27:30
  with Senator Lummes. And I'll have an update for you
• 27:33
  guys in in regards to the Bitcoin strategic reserve.
• 27:37
  Anyways, guys, before we jump into the rest of the show, I do
• 27:40
  want to give a shout out to, of course, simply Bitcoin's lead
• 27:44
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• 27:46
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  Don't do that. So stamp your seed into the
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  stamp seed promo code simply. Alright, everybody, at the time
• 31:07
  of recording, the Bitcoin price is $99,170.
• 31:11
  Stop the show right now. Press pause.
• 31:13
  Whatever you're watching on YouTube and whatever it's, it's
• 31:17
  done. We're changing our name to
• 31:18
  Simply Ripple from now on. That's the new, that's the new
• 31:22
  name of the show. Opti's going to be hosting it.
• 31:26
  Brad Garlinghouse is going to be a special guest.
• 31:29
  No, I'm just kidding. We would never do that.
• 31:30
  But block height 881,085 sats per dollar. 1008 market cap 1.97
• 31:38
  trillion Bitcoin versus gold market cap 10.32% Percentage
• 31:42
  issued 94.36% decline from all time high -9 point 1% Realized
• 31:49
  monetary inflation 1.04%. In the grand scheme of things,
• 31:55
  things are just getting started and Bitcoin is continuing to
• 31:58
  take Fiat currencies to absolute school.
• 32:01
  Even if they get back to 2% inflation, that magical number
• 32:05
  Somehow money needs to lose purchasing power in order to
• 32:08
  function. The world's been psyopped into
• 32:10
  thinking that bitcoins inflation rate is still lower.
• 32:13
  So anyways, Bitcoin, as long as it continues to tick TikTok next
• 32:19
  block, it continues to prove that money can exist without
• 32:23
  inflation. And as long as it continues to
• 32:26
  prove that the world will wake up to that reality.
• 32:29
  And like I said in the beginning of the show, all roads lead to
• 32:33
  Bitcoin. This is why you see Ripple doing
• 32:37
  what they're doing. It's a defensive action.
• 32:40
  They're they're essentially fighting for their survival.
• 32:43
  They're using these tokens that they created out of nothing to
• 32:47
  hopefully lobby politicians of which they were funding the
• 32:52
  opposing political party in the hopes of their token surviving,
• 32:56
  in the hopes of it being pumped so that they can dump more of
• 33:00
  it. All right, everybody.
• 33:01
  So what is the big news? Well, I mean, this guy,
• 33:05
  Secretary of Defense Pete Hegseth barely passed the
• 33:10
  confirmation. It was a 5050 split.
• 33:15
  And actually Vice President JD Vance had to be the tie breaking
• 33:20
  vote. And now this gentleman, Pete
• 33:23
  Hegseth is the Secretary of Defense.
• 33:26
  Now, why am I bringing this up? You're like, Nico, this isn't a
• 33:29
  new show. What are we talking about?
• 33:31
  Well, this is about Bitcoin. Well, it is about Bitcoin.
• 33:33
  Here is Pete Hegseth. And interestingly, he he might
• 33:38
  own some. By the way, you're a Bitcoin
• 33:41
  guy. Bitcoin is at $82,000 this
• 33:45
  morning. Are you selling?
• 33:48
  Look at Trump making Bitcoin great again.
• 33:50
  Also, all it took was signalling to that market that they weren't
• 33:54
  going to be over regulated, which Trump embraced them.
• 33:56
  And as a result, no, I actually did sell some pretty high
• 34:00
  Stewart, but I'm holding a bunch as well.
• 34:03
  So well, ladies and gentlemen, that is the the Secretary of
• 34:10
  Defense and he just confirmed to you he sold a little bit.
• 34:13
  You know, I, I give him a pass. He's just getting into it.
• 34:16
  But the Secretary of Defense of the United States has just
• 34:20
  confirmed to you that he holds Bitcoin.
• 34:23
  But it's not only the Secretary of Defense.
• 34:26
  Here is David Bailey at Michael Saylor's 100K party.
• 34:30
  I I was actually the one next to him during this live stream.
• 34:33
  I asked him something about aligned incentives.
• 34:36
  And here's David Bailey confirming that the President of
• 34:40
  the United States owns an F ton of Bitcoin.
• 34:44
  You know, Trump told me before all of this went down that, you
• 34:49
  know, he owns a significant amount of Bitcoin.
• 34:51
  I'm not going to disclose the number that he told me, but.
• 34:55
  You know. So let's break it down.
• 35:00
  Let's break it down real quick. Pete Hegsic, Secretary of
• 35:03
  Defense, just confirmed he owns a bunch of Bitcoin.
• 35:06
  President of the United States confirmed that he owns a lot of
• 35:10
  Bitcoin. The RFK Junior, which is going
• 35:14
  to be part of Trump's cabinet and his hearing I believe is
• 35:17
  this week and holy cow, is he going to be confirmed.
• 35:21
  We shall see. That's going to be like
• 35:23
  literally trench warfare in the Senate.
• 35:26
  I'm very excited for those hearings.
• 35:28
  But he confirmed during the Nashville conference that he has
• 35:32
  quote, to quote him, the majority of his wealth in
• 35:37
  Bitcoin. So I mean, the writing's on the
• 35:41
  wall guys, the. VP also holds Bitcoin.
• 35:44
  JD Vance, also, thank you. Opti also owns Bitcoin.
• 35:47
  So basically the president, all his cabinet, and the vice
• 35:52
  president all hold Bitcoin. So they're incentivized to do
• 35:55
  what? Pump our bags?
• 35:58
  That's what they're incentivized to anyways.
• 36:00
  Here's David Bailey and shout out.
• 36:03
  I have to give credit where credit is due.
• 36:04
  So David Bailey is the CEO of BTC Inc BTC Inc owns the Bitcoin
• 36:09
  Conference and they own Bitcoin Magazine.
• 36:13
  And those guys have been really good to us.
• 36:15
  We appreciate them. And here's a quick update.
• 36:18
  He was the one responsible for getting Trump at the Bitcoin
• 36:21
  conference and they actually held the so-called crypto ball
• 36:26
  that happened in Washington DC. Now, the reason that this is so
• 36:30
  important and I keep emphasizing this to you guys, is if you're
• 36:34
  not in the room, you're not in the deal.
• 36:38
  Bitcoiners are now in the room. So now we get to be a part of
• 36:43
  the deal. However, I'll, I'll preface that
• 36:46
  with Bitcoiners are not also in the room exclusively Bitcoiners
• 36:51
  and shit, Coiners are also in the room.
• 36:53
  We're both in the room and essentially us bitcoiners have
• 36:57
  to negotiate and we have to make the case as to why Bitcoin only.
• 37:01
  This is the way it is, unfortunately, anyways, politics
• 37:05
  is not it's it's not pretty. It's it's a messy process and I
• 37:08
  think a lot of us are getting exposed to it for the first time
• 37:12
  because of what happened last year during during the Biden
• 37:15
  administration where they essentially went after our
• 37:18
  industry. And more information, by the
• 37:21
  way, is going to get released in regards to what really happened
• 37:25
  during operation Choke .2 point O.
• 37:28
  So here's David Bailey. He says, quote, just talked with
• 37:31
  Donald Trump, President Trump and thanked him for keeping his
• 37:34
  promises to our industry. I mean, I don't know up to you.
• 37:39
  How do you feel about that first statement, bro?
• 37:42
  I mean, he got Ross either Ross promise.
• 37:46
  It was great. But I you know, he mentioned
• 37:50
  this was what he said, a strategic Bitcoin stockpile.
• 37:55
  He did say that in Nashville, did he not?
• 37:58
  And he said he'd also get Gary Gensler out while he kind of,
• 38:01
  you know, he kept the promise there.
• 38:04
  But yeah, but he kept his promise.
• 38:07
  He kept his promise. I mean, look.
• 38:08
  I think, I think what Hegseth said in that clip is, is really
• 38:13
  the signal here. Obviously it's not perfect.
• 38:16
  He's a politician. I, you guys know my take here.
• 38:18
  I don't really trust politicians too much.
• 38:20
  I was cautiously optimistic around this whole executive
• 38:23
  order announcing a strategic Bitcoin reserve.
• 38:26
  But what Hegseth said, I think is the main point here, that he
• 38:30
  has been Trump in that's what I mean.
• 38:32
  But he has been signaling for a pro Bitcoin legislation.
• 38:36
  So, you know, is it perfect? No.
• 38:39
  And did he keep all his promises?
• 38:41
  I mean, I guess sort of, I don't know.
• 38:44
  I we'll see. I guess we'll give him 180 days
• 38:47
  and he go, but I don't know. I don't know.
• 38:50
  David Bailey might be a little a little hopeful on this one
• 38:53
  because it does sound like a strategic shit corn reserve as
• 38:55
  far as I'm concerned so far. Those are strong words.
• 38:59
  Alright everybody, if you guys are enjoying the show so far, we
• 39:02
  have 158 likes. Help us break 250 likes within
• 39:08
  the 1st 45 minutes of the show. There's almost 600 of you guys
• 39:12
  watching live on YouTube. So smash that like button.
• 39:15
  If you guys are enjoying Simply Bitcoin live with Nico Opti and
• 39:20
  our buddy James from Stamp Seed. Anyways, it continues to say so.
• 39:25
  Just talked to President Trump and thanked him for keeping his
• 39:27
  promises to our industry and to free Ross.
• 39:30
  I asked him if he wanted to share a message with the Bitcoin
• 39:33
  community. He said he's 100%, he's with us
• 39:36
  100%. We're going to send Bitcoin to
• 39:39
  much greater heights and we're going to out compete China and
• 39:42
  other countries that want to take it from us.
• 39:45
  Thank you President Trump for being the first Bitcoin
• 39:48
  president. Promises made, promises kept.
• 39:51
  I think Bailey obviously is being strategic there.
• 39:54
  Again, guys, this is politics. You got it.
• 39:57
  You got to be, you don't want to burn the bridge, right?
• 40:01
  You don't want to burn the bridge with the president of the
• 40:02
  United States. But I will say this, I mean,
• 40:06
  look at El Salvador. Look at El Salvador like it's
• 40:08
  pure Bitcoin country. You know, I believe that they
• 40:12
  passed legislation. I might be incorrect when I say
• 40:14
  this but I believe they packed they pass like only pro Bitcoin
• 40:18
  legislation. Max and Stacey have been saying
• 40:22
  that it's been extremely difficult to keep the alt
• 40:25
  coiners out. But at the same time, I mean,
• 40:27
  like, look, the United States is the most powerful country in the
• 40:31
  world, not only economically but also militarily.
• 40:35
  So what happens here is extremely influential, and I
• 40:39
  mean a Bitcoin and a non strategic reserve mix would be,
• 40:44
  I think, a catastrophe down the road.
• 40:47
  And I think it would give all the naysayers, it would
• 40:51
  vindicate Elizabeth Warren, it would vindicate Gary Gensler.
• 40:55
  And unfortunately, I don't think people would be able to see the
• 40:58
  difference between if, you know, if and it's not an if when all
• 41:03
  these altcoins inevitably blow up, right?
• 41:06
  Just how Bitcoiners are minted because they, they go through
• 41:10
  the altcoin casino, they they crawl through the trenches.
• 41:15
  You know, it's going to like look like Elizabeth Warren was
• 41:19
  right the entire time, like Gary Genser, Gary Genser was right.
• 41:23
  He was right. Like when Trump launched his
• 41:26
  meme coin, Gary Gensler look prophetic at that point, right?
• 41:32
  And again, it's it's unfortunate because people commingle the two
• 41:38
  industries. They think Bitcoin and crypto
• 41:40
  are the same. They're they're not Maxis.
• 41:43
  They're not listening to simply Bitcoin every day.
• 41:45
  I hope so, but they're not. They're probably, you know, like
• 41:48
  in normally land, like the meme with the guy with the grill and
• 41:53
  you're like, tell us like, yo, the Fed inflation, it's stealing
• 41:56
  from all of us. And he's just like looking with
• 41:58
  the with, like with the spatula in his hand at the grill.
• 42:01
  And he's like looking, he's like, that's cool.
• 42:03
  Did you see the game last night? Like that's 99% of people.
• 42:07
  Like, let's be real now, right? So we're, we're making progress
• 42:10
  or waking people up, but we're not there yet.
• 42:13
  And when people get burnt on all coins, like, again, Elizabeth
• 42:17
  Warren and Gary Gensler are going to seem like they were
• 42:20
  right the entire time. And it might affect the Bitcoin
• 42:23
  industry from a regulatory perspective, at least here in
• 42:26
  the US. Now, here's Emily Bailey, and
• 42:29
  she says can confirm, he called to say thank you to David and to
• 42:33
  the Bitcoin industry. Most of the call was about Ross
• 42:36
  and Lynn, justice and peace. It was just a friendly moment.
• 42:40
  But for the record, he did acknowledge that David is a
• 42:43
  lucky man. So I'm going to just open it up
• 42:46
  to Opti and to James to just. And I do want to preface it with
• 42:51
  saying politics is messy. This was a very, very tumultuous
• 42:58
  election and I think Trump needed all the support he can
• 43:02
  get. And I think Silicon Valley,
• 43:05
  specifically David Sachs, played a huge role in fundraising.
• 43:12
  I believe the Winklevi twins also played a huge role in
• 43:15
  fundraising for the Trump campaign as well.
• 43:18
  And they're not Bitcoin Maxis. Like I, I think David Sachs is a
• 43:21
  Solana insider like the from from my understanding, right.
• 43:25
  So like, obviously, you know, Trump doesn't just owe us
• 43:29
  Bitcoiners. He owes a lot of altcoiners that
• 43:32
  got him elected as well as Bitcoiners are sitting there
• 43:36
  like saying like, dude, you know, it's not about just
• 43:38
  pumping Bitcoin. It's like if you put, you know,
• 43:42
  a lot of these altcoins into, into a strategic reserve, they
• 43:45
  don't have the characteristics of Bitcoin.
• 43:47
  It's not a 21 one million cap supply.
• 43:51
  The rules can and will be changed like Ethereum.
• 43:54
  The rules were changed by Vitalik XRP.
• 43:57
  Like I mean that's a database essentially and it gets the
• 44:00
  rules get changed or have been changed.
• 44:02
  So Lana has been the network has been down multiple times.
• 44:07
  Like if it was truly a decentralized network, it
• 44:10
  wouldn't go. That doesn't make sense.
• 44:12
  So again, I like, it's a tough position.
• 44:16
  This is politics. It's not black and white.
• 44:19
  We got huge wins, but we also have a lot of work to do from an
• 44:24
  educational perspective. And to be frank, from a lobbying
• 44:28
  perspective, if XRP is throwing millions of dollars at
• 44:32
  politicians, the Bitcoin industry should be throwing
• 44:35
  millions of dollars to politicians if that's what it
• 44:38
  takes, man. Because if not, like this is
• 44:40
  just going to continue to happen in America in politics, the
• 44:44
  dollar or money it it, it goes a long way.
• 44:48
  Anyways, James, what are your thoughts on all this?
• 44:50
  And then we'll get, we'll get opties.
• 44:53
  Yeah, So thoughts on it? Like it's, it's a big country,
• 44:56
  there's a lot of people in it and there were a lot of people
• 44:59
  that donated as you mentioned that promised.
• 45:01
  And you know, I, I guess it's just a matter of kind of like
• 45:04
  all that stuff playing out. We have to kind of wait, wait
• 45:07
  and see what happens. And, you know, it's just, I
• 45:12
  don't know, I just look at it as a matter of time.
• 45:14
  Like I was saying before, for Bitcoin breaks through.
• 45:19
  Yeah. There's just, there's a lot of
• 45:22
  people involved that were promised that donated.
• 45:24
  And I guess you can't just like Trump just can't turn us back on
• 45:27
  these people, right? You can't just, like, walk away.
• 45:29
  They gave him something. They'll promise something.
• 45:31
  He's getting something from them.
• 45:33
  You know, there's so much that we aren't even seeing that we we
• 45:36
  don't even we can't even like begin to comprehend the wise a
• 45:39
  while these other all kinds are being looked at.
• 45:41
  But the one thing that I do know is that Bitcoin is an
• 45:44
  improvement on gold. It is digital gold.
• 45:46
  No other coin is is like that that that is pretty much as
• 45:52
  impenetrable as Bitcoin is. It's completely decentralized
• 45:55
  and the supplies fixed. So when you're looking at having
• 45:57
  a very unique, a strategic reserve asset, I can't see
• 46:01
  Bitcoin being mixed in with all these other coins.
• 46:04
  It just doesn't make sense to me.
• 46:05
  Unique Bitcoin is a unique animal.
• 46:07
  It's its own animal. There's no other commodity on
• 46:10
  the face of the earth like it. And I think it deserves its own
• 46:15
  reserve. I think we'll have that in time.
• 46:17
  I, I feel like it's just we have to kind of a weed through the,
• 46:20
  the politics of it all. And when it comes down to it, I
• 46:22
  kind of think David Bailey approach, right?
• 46:24
  We have to look at what the good things are like we all, we're
• 46:27
  all Bitcoin maxes, right? There's not that many of us,
• 46:29
  though. We can't expect the entire
• 46:31
  cabinet to become full-fledged Bitcoin maximalist.
• 46:34
  We can't expect Trump to do that too.
• 46:36
  Like it's a big world and they have to appeal to the masses,
• 46:40
  especially those donors that they have had.
• 46:43
  So I I just feel that, you know, I, I have my, you know,
• 46:48
  conviction for Bitcoin. I I think it needs to be its own
• 46:51
  reserve. That's great.
• 46:52
  I think it will be in time. If you just, you know, play out
• 46:54
  the game theory of it all. And I think when it comes down
• 46:57
  to is, you know, we just have to kind of we through the political
• 47:00
  game, but more most probably look at the positives right
• 47:03
  there was mentioned before that you mentioned too.
• 47:05
  Ross is free againstors out pro Bitcoin SEC chairs in Trump is
• 47:11
  speaking directly with people in the Bitcoin space.
• 47:13
  We're part of the conversation now and there's other people
• 47:16
  that are part of the conversation right but it's not
• 47:18
  pure and as bitcoiners, we have the purest form of money and we
• 47:22
  tend to want everything else to be pure truthful and honest too
• 47:25
  along the way. But we can't expect the world to
• 47:27
  just flip and change overnight and you know Trump became
• 47:30
  president. You know, he's not just going to
• 47:32
  start wearing flip flops and and you know, walking around without
• 47:35
  even shoes on becoming a full-fledged Bitcoin Max list.
• 47:38
  Like it's just not, it's not going to happen.
• 47:41
  And we have to understand that like it's a very dirty world and
• 47:44
  Bitcoin is part of it now. And hopefully it sheds a light a
• 47:47
  lot of that dirt and corruption that is there, but we can't
• 47:50
  expect everything else just to go away overnight because of it.
• 47:53
  That's yeah. Absolutely.
• 47:54
  I think that's a good point. And and, and James buried the
• 47:56
  lead there until the US president is wearing Crocs
• 48:00
  walking around the White House. We have not won yet.
• 48:04
  Opti, what's your take on all this?
• 48:06
  I mean, it's, it's, it's an, it's an interesting, it's an
• 48:09
  interesting, it's an interesting dilemma.
• 48:14
  And I, I have to emphasize again that I think that the Bitcoin
• 48:18
  community did not like in oh, that's a good point about SAB
• 48:23
  121 did not like politics. And I think we were kind of
• 48:27
  forced into the arena because of the Biden administration.
• 48:30
  And then all of a sudden we just, we're like, you know what?
• 48:33
  Like this is for our survival, You know, a Trump 2024.
• 48:36
  Like it got to that point. I was getting upset at Opti at,
• 48:39
  at, at some points last year when Trump was like, Opti was
• 48:44
  like Trump derangement syndrome. I'm like Opti, you can't say
• 48:47
  that. No, we're neutral.
• 48:49
  We got to be inclusive. And then all of a sudden they
• 48:51
  arrested the samurai developers. And I said, you know what?
• 48:54
  Hell no. Trump 2024, RFK 2024.
• 48:57
  So we were kind of like forced into this arena.
• 49:00
  And I've been watching politics for a long time.
• 49:03
  I just don't like to talk a lot about about it on simply.
• 49:06
  It's a very messy process. It's full of compromises.
• 49:10
  It's not black or white, right? It's like it's, it's very messy.
• 49:15
  You get wins, you get losses, but it's not perfect unless you
• 49:19
  have like a super majority the way that name Bukele has in El
• 49:23
  Salvador. The Republicans don't have a
• 49:25
  super majority. They have 53 Senate seats.
• 49:28
  They have a the slim minority in a majority in the House.
• 49:32
  You need 60 votes in the Senate in order to go get over the
• 49:36
  filibuster. So they need to essentially
• 49:38
  compromise with the opposing side of the aisle.
• 49:41
  There are members on the opposing side of the aisle that
• 49:43
  are pro Bitcoin, but as a whole, it doesn't seem like the
• 49:46
  Democratic Party is so pro Bitcoin.
• 49:48
  It seems like they're more pro CBDC.
• 49:51
  And again, from my observations, that might not be the case now
• 49:56
  that that the election happened the way it happened.
• 49:59
  But another thing that I'll say is we have to take a look at the
• 50:02
  the wins right win #1 is the repeal of Saab 1/21, which was
• 50:08
  huge because it will allow banks to custody Bitcoin.
• 50:12
  Michael Saylor said that three things needed to happen in order
• 50:15
  for Bitcoin to hit $5,000,000 per coin.
• 50:18
  One was the approval of the Spot Bitcoin ETF, 2 was changing the
• 50:22
  fast be accounting rules. 3 was the ability for banks to custody
• 50:26
  Bitcoin. Without the repeal of SAB 1/21
• 50:30
  it was impossible for banks to do that.
• 50:33
  Eric Weiss, which just recently came on simply Bitcoin IRL,
• 50:35
  explained that in detail. You guys should definitely watch
• 50:37
  that episode. My first in person interview,
• 50:40
  but also the freedom of Ross, right and thing #3 is the ends
• 50:49
  of the regulatory attacks against the industry.
• 50:52
  However, the unintended consequence of that is there's
• 50:57
  going to be a shit coin extravaganza this year without a
• 51:00
  shadow of a doubt, right? So Opti, I see you laughing.
• 51:03
  What are your thoughts on this? Because again, you cannot deny
• 51:06
  that there has been some pros, but let's just say a lot of us
• 51:10
  Bitcoiners weren't thrilled when we saw Trump Coin launched 3
• 51:13
  days before the inauguration. Yeah.
• 51:15
  Well, obviously I think we're in a a whole new paradigm now
• 51:18
  considering where we were four years ago or even the last Trump
• 51:22
  administration to now, as Nico likes to say, we're in the room
• 51:25
  and he is actively considering the Bitcoin industry.
• 51:30
  Obviously, we've heard a lot of rumors and I think at this point
• 51:33
  we can kind of confirm that this is actually the case and this is
• 51:36
  what Trump is thinking. But Trump and his administration
• 51:39
  is kind of looking at the Bitcoin price as a second Wall
• 51:42
  Street. And so obviously he wants the
• 51:44
  price to go up during his presidential administration the
• 51:48
  next four years, because in his mind of Bitcoin winning Bitcoin
• 51:51
  price going up just goes to show that, you know, Trump is, you
• 51:55
  know, who he thinks he is. And also they need to have the
• 51:58
  wall, the Wall Street price and NASDAQ continue to go up because
• 52:02
  as long as businesses are making money that that looks like the
• 52:05
  economy is doing good and they're turning the ship around.
• 52:07
  So I, you know, I'm, I am a little, a little skeptical, but
• 52:11
  I think like a lot of people in the chat are saying right now,
• 52:13
  it's Trump's been in office for what, 7 days like a week?
• 52:17
  And Bitcoiners just it, it does feel at times like Bitcoiners
• 52:20
  like to be the underdogs and, and they have this perpetual
• 52:23
  losing mentality on stuff. And now that we're in the room,
• 52:26
  we get a very impatient. And it's funny, I think when we
• 52:28
  were talking about this on Friday, everyone was saying, you
• 52:31
  know, Bitcoiners talk about low time preference all the time,
• 52:33
  but when things don't go our way, we're very high time
• 52:35
  preference. And I think this is kind of
• 52:37
  where we are right now. It's like, look, Trump's been in
• 52:40
  office for a week and Bitcoiners are already mad about everything
• 52:44
  going on when we do have a a lot of good wins going on.
• 52:47
  Now, on the flip side, I am going to kind of troll a little
• 52:50
  bit here, but you know, as a Bitcoin maxi, maybe Gary Genzer.
• 52:53
  Was a good thing at. This point they seem to be.
• 52:57
  Holding back the the onslaught of shit coronary in the US.
• 53:01
  But again, we are free market maximalist here.
• 53:04
  And so we have been talking about on this show a long time
• 53:08
  that we don't believe the government should be picking
• 53:10
  winners and losers. And with that means that hey, if
• 53:13
  we do get a shit coin administration right now and
• 53:16
  they loosen the crypto regulations and shit coin, you
• 53:19
  know, we do have that shit coin extravaganza.
• 53:22
  Bitcoin's going to win on its own merit.
• 53:23
  Like yes, as a maxi Bitcoiner, it is our duty to ensure that
• 53:29
  your friends and family don't get wrecked.
• 53:31
  Obviously, we don't want to see a shit coin reserve because then
• 53:34
  as we know in the Bitcoin industry, or rather the crypto
• 53:37
  industry at large, it's full of scammers and fraudsters.
• 53:40
  Like everything is a pump and dump besides Bitcoin.
• 53:43
  Everything is controlled by either a company or you know, a
• 53:46
  small group or a figurehead. And This is why we love Bitcoin
• 53:50
  is because there is no one that controls Bitcoin and This is why
• 53:52
  we think it is the people's money.
• 53:55
  This is why we love to talk about Bitcoin.
• 53:58
  And even though Bitcoin is on the doorstep, rather politics
• 54:02
  and, and the government is on the doorstep of Bitcoin, We know
• 54:05
  Bitcoin is the people's money and it's been driven for the
• 54:09
  last 15 years by individuals, mainly individuals, but yes, a
• 54:13
  lot of institutions. And so we would love to see
• 54:15
  Trump follow Bukele Bukele's lead here and just go full pro
• 54:20
  Bitcoin. And obviously, you know, a lot
• 54:22
  of libertarians and free market Maxis might, might think that
• 54:26
  having some anti shit coin legislation is not a free market
• 54:29
  idea. But obviously as a Bitcoiner,
• 54:32
  you'd be like, Hey, I'm, I'm really not mad about that.
• 54:34
  But with what we're seeing right now, it looks like there will be
• 54:38
  an extravaganza with everything outside of Bitcoin.
• 54:42
  But with that just means that Bitcoin is going to just
• 54:45
  continue to dominate because of its fundamental.
• 54:47
  It's like everything rides on the coattails of Bitcoin.
• 54:50
  And hey, if they do unleash the wave of of ridiculousness in the
• 54:55
  US, then Bitcoin will just continue to leave.
• 54:58
  So in my opinion, I'm going to take the good with the bad here.
• 55:02
  And I just want to see the US government get out of the way of
• 55:05
  Bitcoin. I think what Hag Seth said
• 55:07
  earlier in regards to Trump signaling towards a more pro
• 55:10
  Bitcoin administration, it's going to be a good thing for
• 55:13
  Bitcoin. Yes, there's going to be a lot
• 55:15
  of fraud and a lot of scammers in the shit coin space, but hey,
• 55:20
  that just means that Bitcoin gets to prove itself on the free
• 55:23
  market. And I think a lot of Bitcoiners
• 55:25
  would love to see that. Yes, a lot of people are going
• 55:27
  to get hurt because hey, people are going to fall for the
• 55:29
  narratives. And you know, I remember when I
• 55:31
  got into Bitcoin in 2017, I fell for the narratives of bitcoins,
• 55:34
  Myspace, you know, bitcoins slow.
• 55:36
  And This is why you need XY and Z coin and and the fastest way
• 55:41
  and the best way to become a bitcoiner, a maxi Bitcoiner is
• 55:45
  by putting your hand on the stove of chick coinery.
• 55:47
  So like James was saying earlier, you know, not everyone
• 55:51
  is buchele. But were we are we surprised
• 55:54
  that nation states are going to go through their own shit coin
• 55:57
  phase? Like not really.
• 55:58
  We kind of knew that this was going to happen.
• 56:00
  Obviously we were hoping for the better.
• 56:02
  It was inevitable. But yeah, as long as they get in
• 56:04
  the way and you know, the rumors of eliminating cap gains on
• 56:08
  Bitcoin, like if that stuff goes through, you know, Saab 121,
• 56:11
  eliminating cap gains on Bitcoin, hey, have fun with your
• 56:14
  shit coins. You know, as Trump said at
• 56:16
  Nashville, like you can go and play with your shit coins.
• 56:18
  I'm going to have fun with my Bitcoins and we're going to win.
• 56:21
  So hey. Everything is good for Bitcoin.
• 56:25
  I love that, I love that. All right, everybody, we'll be
• 56:27
  right back. We're going to hit the news.
• 56:29
  We have lots to talk about. So while Trump and the and the
• 56:32
  United States is moving towards the pro Bitcoin and crypto
• 56:37
  industry, they want more freedom for the people.
• 56:41
  It looks like Europe is literally heading in the exact
• 56:45
  opposite direction. Their response to Trump's
• 56:49
  executive order being pro digital assets is literally
• 56:53
  saying, hey guys, we actually need to be more pro central bank
• 56:58
  digital currency. I mean, who supports this other
• 57:01
  than the bureaucrats? Like I feel bad for what's going
• 57:04
  on over in Europe. So we have an update for you
• 57:06
  guys. We'll be right back.
• 57:08
  We're going to hit the news. I want to give a.
• 57:09
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• 59:25
  All right everybody. So this is the Trump executive
• 59:28
  order relating to the Bitcoin and crypto industry as like I
• 59:34
  was saying in the beginning of the show, it seems like ripple
• 59:37
  got in there and was like yo has to be inclusive.
• 59:41
  This isn't just about bitcoins and they they didn't mention
• 59:43
  Bitcoin by name, which is to be honest with you guys like I, I,
• 59:47
  I'm with American huddle here. Make no mistake, we got rugged.
• 59:51
  This was a huge let down to enormous proportions because I
• 59:56
  guarantee you that if the word Bitcoin was mentioned one time
• 1:00:01
  in this executive order, we would be at 120 K by now.
• 1:00:04
  I'd like, I feel very, very strongly about that.
• 1:00:08
  So I got we got rugged and we got rugged by the Ripple guys.
• 1:00:13
  That's my humble opinion, but that's when we already spoke
• 1:00:16
  about all that. The part I want to focus on a
• 1:00:18
  couple things also too that I think they did good, which was.
• 1:00:22
  Protect mining, the ability to run nodes and also the ability
• 1:00:27
  for people to take self custody. So some positives.
• 1:00:30
  Again, this is what I've been saying about politics.
• 1:00:32
  It's messy compromises. But the part that I also like is
• 1:00:36
  this specific passage, passage #5 taking measures to protect
• 1:00:41
  very specific wording Americans from the risks of central bank
• 1:00:45
  digital currencies which threaten the stability of the
• 1:00:48
  financial system, individual privacy, and the sovereignty of
• 1:00:52
  the United States, including by prohibiting the establishment,
• 1:00:56
  issuing, circulation and use of a CBDC within the jurisdiction
• 1:01:01
  of the United States. Now over in Europe, Opti's
• 1:01:06
  ex-girlfriend was like WTF? That is effed up.
• 1:01:11
  But Europe has been marching. They've been basically in the
• 1:01:14
  vanguard of this roll out of a CBDC in a developed Western
• 1:01:20
  country. They've been moving full steam
• 1:01:23
  ahead. I don't think they really care
• 1:01:25
  about the feedback from the people.
• 1:01:27
  I think that they're just like, you know what this is like are
• 1:01:31
  the bureaucracy is over, big government is over.
• 1:01:34
  Without this, we have to move full steam ahead.
• 1:01:37
  So how did they react to America opening up to bit, the Bitcoin
• 1:01:42
  and crypto industry? The European Central Bank
• 1:01:45
  pitches digital euro as a response to Trump's crypto push.
• 1:01:50
  It goes on to say eurozone banks need a digital euro to respond
• 1:01:54
  to President Donald Trump's push to promote stablecoins, a type
• 1:01:59
  of cryptocurrency typically pegged to the US dollar, The
• 1:02:02
  European Central Bank board member Pierre Simpauli said on
• 1:02:06
  Friday. Trump said he would promote the
• 1:02:08
  development and growth of lawful and legitimate dollar backed
• 1:02:11
  stable coins worldwide as a part of a broader crypto strategy
• 1:02:15
  that he sketched out in a executive order issued on
• 1:02:18
  Thursday. Cipione said this would help
• 1:02:21
  lure even more customers away from banks and strengthen the
• 1:02:25
  case for the ECB to launch its own digital currency quote.
• 1:02:30
  I guess the keyword here in Trump's executive order is
• 1:02:33
  worldwide. Sipione told a conference in
• 1:02:36
  Frankfurt. This solution, you all know,
• 1:02:39
  further disintermediates banks as they lose fees, they lose
• 1:02:43
  clients. And that's why we need a digital
• 1:02:46
  euro. I love this word,
• 1:02:47
  disintermediates banks. That's exactly what is
• 1:02:51
  happening. And there's nothing you guys
• 1:02:53
  could do about it. Well, there is something you
• 1:02:56
  could do about it. What you guys could do about it
• 1:02:59
  is actually stop printing money and actually create the right
• 1:03:04
  incentives for people to use your money.
• 1:03:07
  What is like a culture shock, like the cognitive dissonance
• 1:03:12
  that central bankers and politicians are having is
• 1:03:15
  basically like our monopoly on violence isn't allowing us to
• 1:03:24
  coerce people into using money that they don't like.
• 1:03:29
  That's what's happening here. And you know, they'll say,
• 1:03:32
  listen, we got to react to Bitcoin and these stable coins
• 1:03:35
  by launching our own central bank digital currency.
• 1:03:39
  The thing is, a central bank digital currency will never,
• 1:03:45
  ever be able to compete with Bitcoin because Bitcoin, there's
• 1:03:50
  a cap supply, meaning your money won't get debased and it's
• 1:03:53
  censorship resistant. You don't have to ask anybody
• 1:03:56
  for permission. A central bank digital currency,
• 1:04:00
  you'll always need to ask somebody else for permission and
• 1:04:04
  it's by definition going to debase.
• 1:04:06
  Right. It's essentially Fiat on
• 1:04:08
  steroids, so it goes out to say stable coins work similarly to
• 1:04:12
  money markets in that they offer exposure to short term interest
• 1:04:15
  rates in an official currency. A digital euro, by contrast,
• 1:04:19
  would essentially be an online wallet guaranteed by the ECB but
• 1:04:23
  operated by companies such as banks.
• 1:04:25
  So it's guaranteed by the central bank.
• 1:04:27
  That is such a strong guarantee. I feel so confident when they
• 1:04:31
  say that to it would allow people, even those who don't
• 1:04:34
  have a bank account, to make payments.
• 1:04:36
  Holdings would likely be capped at a few €1000 and not, I don't
• 1:04:41
  know what that is. Opti, can you help me out there,
• 1:04:44
  Remuni? I don't know, I can't speak
• 1:04:48
  words. James, do you know what that
• 1:04:49
  word is? Remunerated.
• 1:04:52
  I don't know. I think it should be
• 1:04:53
  renumerated. Yeah, I think, I think it's,
• 1:04:56
  it's, it's renumerated is yeah, renumerated.
• 1:04:58
  OK. All right.
• 1:04:59
  So again, it it says it right here, holdings would likely be
• 1:05:04
  capped at a few €1000. Like they can't help them even
• 1:05:10
  when they're getting out competed, they can't help
• 1:05:13
  themselves but be like, no, no, no, no, no.
• 1:05:15
  But the wallets, they're only allowed to hold a specific
• 1:05:18
  amount of money. You download a Bitcoin wallet,
• 1:05:21
  there is no limitations. There is no cap.
• 1:05:25
  You can hold as much as you want and it won't get to base and you
• 1:05:28
  can send it anywhere around the world.
• 1:05:30
  The case that I've been making regarding stablecoins, because I
• 1:05:34
  know a lot of Bitcoiners are not fans of stablecoins, is that
• 1:05:37
  stablecoins are a stepping stone towards Bitcoin, especially in
• 1:05:42
  developing world. Because it essentially gives
• 1:05:45
  people access to non sovereign alternatives in which they have
• 1:05:51
  to download a digital wallet. And they just download a digital
• 1:05:55
  wallet and boom, they're ready to receive money from anywhere
• 1:05:58
  around the anywhere around the world.
• 1:06:01
  It's just a matter of time before they realize that there
• 1:06:04
  is a better in digital money than a stable coin.
• 1:06:08
  And of course that's Bitcoin. But if you're living through
• 1:06:10
  double digit inflation, which a lot of the developing world is,
• 1:06:14
  you're just trying to survive, right?
• 1:06:17
  You're not even in the saving mode yet.
• 1:06:19
  You're in survival mode. But it's a stepping stone.
• 1:06:22
  It goes on to say banks have expressed concerns that a
• 1:06:25
  digital euro would empty their coffers as customers transfer
• 1:06:29
  some of their cash to the safety of an ECB guaranteed wallet.
• 1:06:34
  Oof. I mean, banks have.
• 1:06:37
  The eurozone central bank is currently experimenting with how
• 1:06:40
  a digital euro would work in practice, but it will only make
• 1:06:44
  a final decision on whether to launch it once European
• 1:06:47
  lawmakers approve legislation on the matter.
• 1:06:50
  Trump's executive order also prohibited the Federal Reserve
• 1:06:54
  from issuing its own central bank digital currency.
• 1:06:58
  So look, I think the phenomenon that's happening here is we
• 1:07:05
  lived through as a society, as humanity, the disintermediation
• 1:07:10
  of information the last decade. And it was so messy, right?
• 1:07:15
  And essentially the process happened with, I think it really
• 1:07:19
  started during the Trump's first election and the pandemic.
• 1:07:25
  And essentially what started happening was people slowly but
• 1:07:28
  surely started to realize that the people on TV weren't exactly
• 1:07:35
  being honest and what they sought.
• 1:07:39
  They sought alternatives. And then all of a sudden they
• 1:07:43
  tuned into Joe Rogan or they tuned into simply Bitcoin.
• 1:07:47
  And then they were like, wait a second, the dude that eats elk
• 1:07:53
  and talks about DMT while smoking weed with Elon is more
• 1:07:58
  accurate than MSNBC, the New York Times, and Wall Street
• 1:08:04
  Journal. And then when he calls them out
• 1:08:07
  on it, they like doctor footage making him feel sicker than he
• 1:08:11
  is, saying that he took horsty warmer and all that stuff.
• 1:08:15
  Like they were being insincere. So instead of acknowledging the
• 1:08:18
  fact that, hey, you know, like people expect us to be honest,
• 1:08:23
  they just double down and they say, listen, that's
• 1:08:27
  misinformation. And then started the social
• 1:08:30
  media censorship campaigns, which we now found out that a
• 1:08:34
  lot of those orders came directly from the White House,
• 1:08:40
  specifically from the Biden administration, where they were
• 1:08:42
  tapping on social media companies and basically saying,
• 1:08:45
  you have to censor certain speech.
• 1:08:48
  Mark Zuckerberg just admitted to this on the Joe Rogan podcast.
• 1:08:52
  And essentially we went full circle and got out of that when
• 1:08:56
  Trump got elected and when Elon bought X.
• 1:09:00
  When Elon bought X, the censorship subsided, not
• 1:09:04
  completely ended it, but let's say it's subsided to a much
• 1:09:07
  lesser degree. And then all of a sudden,
• 1:09:10
  individuals were allowed to discuss openly and what started
• 1:09:15
  to happen? The legacy media numbers started
• 1:09:18
  to plummet and in it's place social media usage started to
• 1:09:22
  take it's place and now X is the most popular news app in the
• 1:09:27
  world. And it's not legacy media who's
• 1:09:30
  deciding and making up the narratives, it's actually
• 1:09:35
  millions upon millions of individuals all around the world
• 1:09:39
  communicating peer-to-peer and discussing on the marketplace of
• 1:09:44
  ideas. What's happening?
• 1:09:46
  What's happening in reality and legacy media doesn't know how to
• 1:09:50
  react to that. They've had a monopoly on
• 1:09:52
  information for the longest time, and that was the
• 1:09:56
  disintermediation of information.
• 1:09:58
  Now what we're heading into now is the disintermediation of
• 1:10:02
  money. And I think it's going to be a
• 1:10:04
  lot more messy. And I think it's going to be a
• 1:10:07
  lot. It's it's you think, you think
• 1:10:11
  the whole censorship thing was bad, Wait till we start going
• 1:10:15
  after the source of funding and the source of power of the
• 1:10:19
  state. Like things are going to get
• 1:10:22
  crazy, like insane, like sovereign individual thesis
• 1:10:27
  confirmed type of thing, right. So that's where we're heading.
• 1:10:31
  So in these tumultuous times, in this transitionary period where
• 1:10:36
  we transition from the analog age, the industrial era, into
• 1:10:41
  the information age, Fiat elections still have
• 1:10:48
  consequences. So as much as a lot of us say,
• 1:10:51
  hey, listen, I don't want to vote, the system's broken, You
• 1:10:54
  can't deny that the election of Buchele, the election of Javier
• 1:11:00
  Malay, the election of Trump has been actually one step forward
• 1:11:06
  to the end goal, which is the separation of money and state.
• 1:11:09
  And by doing so, the liberation of mankind from the tyranny of
• 1:11:13
  central banking. So that's my bit rambled on a
• 1:11:17
  little bit. Opti, what's your opinion on
• 1:11:20
  this? James, what's your opinion on
• 1:11:21
  this? Like Opti, you pissed off your
• 1:11:24
  ex-girlfriend. She's doubling down.
• 1:11:27
  She, she, she doesn't want it. She, she, she's like, Opti
• 1:11:30
  fucked me over. And yeah, we got to roll out
• 1:11:33
  these these CBDC's. Well, like in, in all
• 1:11:38
  seriousness here, I've been saying this for a while,
• 1:11:41
  everything that the EU has been doing the last couple of years,
• 1:11:46
  it, it seems like they're shooting themselves in the foot.
• 1:11:48
  They're they're actively fighting against the, the
• 1:11:51
  population. They seem to make be making
• 1:11:53
  mistake over mistake. And I think this is one of those
• 1:11:56
  other mistakes. It's like, OK, instead of
• 1:11:59
  embracing Bitcoin, you double down on the CBDC.
• 1:12:01
  Like, I get it, you know, Christine Lagarde is trying to
• 1:12:05
  continue to hold on to the power that she has, but is it's
• 1:12:09
  actively losing that power and they're freaking out and so
• 1:12:12
  they're doubling down. And so, you know, Nico jokes
• 1:12:14
  about the fact that, hey, you know, I dated Christy Lagarde
• 1:12:17
  and she's there and I'm the reason for why she's mad about
• 1:12:21
  Bitcoin, But he's not really that that far off.
• 1:12:24
  Obviously it's a troll and we're and we're joking about it, But I
• 1:12:27
  think what's really going on and shouts out to Tom Luongo,
• 1:12:30
  because he's been on this for a long time.
• 1:12:32
  What's really going is that the Fed is basically putting the ECB
• 1:12:37
  in a corner and being like, hey, you know, we don't want your
• 1:12:39
  offshore, you know, euro dollar system going on.
• 1:12:42
  We're basically going to bankrupt you.
• 1:12:44
  And and as the EU goes bankrupt, they are freaking out and
• 1:12:48
  they're actively attacking anything possible.
• 1:12:50
  And so the ECB right now is currently losing control around
• 1:12:53
  the world. They're losing control of their
• 1:12:56
  own monetary system. And So what do they try to do?
• 1:12:59
  What's their knee jerk reaction is they try to implement a
• 1:13:02
  currency that they can fully control.
• 1:13:04
  And so is this surprising? Like not at all.
• 1:13:06
  Obviously, I've been saying for a while, like the European Union
• 1:13:10
  and a lot of countries in the EU are just, they're shooting
• 1:13:13
  themselves in the foot. And it's really sad to see.
• 1:13:16
  Yeah, metaphorical, metaphorical, and it's really
• 1:13:18
  sad to see if you are a European.
• 1:13:21
  But, you know, this is, this is global economic war right now,
• 1:13:25
  and they're losing it and they are freaking out about it.
• 1:13:29
  And so am I surprised that this is the case?
• 1:13:31
  Like, not at all. They've been talking about this
• 1:13:33
  for a while. But you know, the the
• 1:13:35
  coincidence of it, or rather, you know, the timing of it is
• 1:13:39
  probably the biggest signal that Trump announces his digital
• 1:13:42
  asset stockpile literally days after the EU announces they're
• 1:13:47
  doubling down on the CBDC. It's just like, man, can you
• 1:13:50
  make any more wrong moves? Like, yes, the EU was once once
• 1:13:55
  the center of the world. Now they're just continuing to
• 1:13:57
  lose control and they're going to continue to hurt themselves.
• 1:14:02
  And what's the saying? You know, when you when you
• 1:14:04
  Swatch your enemy, make mistakes, you don't correct
• 1:14:06
  them. So hey, you know, if I was in
• 1:14:09
  Europe, I would be very worried about this.
• 1:14:11
  If I'm an American over here, I'm like, hey, have fun ECB,
• 1:14:15
  play with your stupid CBDC. Continue to go down that path,
• 1:14:19
  you're going to wreck yourself. It is what it is.
• 1:14:21
  As we've been saying for a long time, once we get a first world
• 1:14:25
  nation, you know, one of the G Sevens or G 20s or you know,
• 1:14:29
  America, China, Russia, once those countries fully embrace
• 1:14:33
  Bitcoin and do something, all of what goes on in Dubai around
• 1:14:36
  Bitcoin, it's game over. And so hey, if you want to
• 1:14:39
  continue you to double down on lunacy, have fun, do what you
• 1:14:43
  want to do. I am not very concerned about it
• 1:14:45
  because I'm not a citizen in Europe, but it's obviously
• 1:14:49
  horrible if you are just an average person in the EU.
• 1:14:53
  It really is a slap in the face. It's like these people in
• 1:14:55
  control don't care about the population.
• 1:14:57
  All they care about is control and power and every move.
• 1:15:00
  If you look at those moves in that lens, you understand why
• 1:15:05
  they do what they do. So hey, you know, Chrissy, have
• 1:15:09
  fun, you know, have fun playing with your CBDC's over there.
• 1:15:12
  No one's going to use it. People are going to be forced to
• 1:15:14
  go into Bitcoin. All roads lead to Bitcoin, even
• 1:15:17
  when the CBDC is forced upon you.
• 1:15:19
  So it's very Orwellian. It's absolutely dystopian.
• 1:15:23
  It's disgusting. But you know, Europe's, Europe's
• 1:15:26
  been a dumpster fire for a long time at this point.
• 1:15:29
  So am I surprised? Not at all.
• 1:15:32
  I kind of, I could. I could have foretold this was
• 1:15:34
  going to happen. Absolutely.
• 1:15:36
  James, your thoughts before we get on to the culture to talk
• 1:15:39
  about stamp seed? Yeah, I mean EU formed to
• 1:15:43
  basically make it more efficient to control and regulate all
• 1:15:47
  those countries over in Europe. So CBDC echo a lot of the things
• 1:15:51
  you guys said. It's just par for the course for
• 1:15:55
  for, you know, a union that's set up that way.
• 1:15:57
  Obviously their their goal is make it efficient, easy to
• 1:16:01
  control. So CBDC obviously par for the
• 1:16:04
  course. And you know, I agree with the
• 1:16:06
  fact that, you know, US acted so other nations are going to
• 1:16:11
  follow. It's almost like, I don't know
• 1:16:14
  if it's a weird metaphor, but you know, if you if you have
• 1:16:18
  nuclear bombs, your enemy's going to start creating nuclear
• 1:16:20
  bombs, I guess, right? It's Seoul sort of like a war
• 1:16:23
  game where you have to have the same thing the other, you know,
• 1:16:26
  country has. So maybe it's a little bit of
• 1:16:28
  that. And then I, I will say like
• 1:16:31
  weird things happen in Europe, but right, didn't you?
• 1:16:33
  How much, how much Bitcoin did Germany sell?
• 1:16:36
  You know, how, how bad are they down on that, on that trade?
• 1:16:40
  I think they sold like 60,000 or something like that.
• 1:16:43
  So, so that didn't work out too good.
• 1:16:45
  But yeah, glad I don't live over there.
• 1:16:47
  For anyone that does buy Bitcoin, put it in self custody,
• 1:16:51
  stamp your seed into metal, figure out a way to participate
• 1:16:55
  in commerce around the world without without a CBD.
• 1:16:59
  C Amen. Amen to that.
• 1:17:00
  All right, everybody, We'll be right back.
• 1:17:01
  We're going to hit the culture, talk about stamp seed.
• 1:17:04
  You have to properly secure your generational wealth, and the
• 1:17:08
  stamp seed kit enables you to do that.
• 1:17:11
  We'll be right back. I want to give a shout out to
• 1:17:14
  our sponsor Hive Digital Technologies.
• 1:17:17
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  sustainable energy. Also got to casually drop this
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• 1:18:02
  All right, everybody, we are back.
• 1:18:04
  I want to give you guys, I want to give a shout out to our
• 1:18:06
  sponsor bit Block Boom network with fellow Bitcoiners is coming
• 1:18:10
  up April 3rd through the 6th 2025, the longest running
• 1:18:14
  Bitcoin conference celebrating their 8th year.
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  Ticket prices increase in seven days, 20 hours and 44 seconds.
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  You want to get your tickets before the prices increase is
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  one of the best Bitcoin conferences of the year.
• 1:18:29
  So first Bitcoin conference were me and Opti actually met each
• 1:18:31
  other in person. Simply Bitcoin's going to be
• 1:18:34
  doing the live stream. All the Simply Bitcoin crews
• 1:18:37
  going to be there. You definitely don't want to
• 1:18:40
  miss it. So get your tickets quickly
• 1:18:42
  before the prices increase. Use promo code BBB 21 to get
• 1:18:48
  $100 off of your tickets. Anyways, we have our buddy James
• 1:18:54
  from Stamp Seed in the house today and he's going to be
• 1:18:57
  making a special announcement, special edition plate.
• 1:19:01
  James, could you show it off please?
• 1:19:04
  All right, yeah, I'll just show it off really quick.
• 1:19:09
  We have a special edition plate here.
• 1:19:11
  Trump, first US Bitcoin president.
• 1:19:14
  We made 47 of these only it's a titanium C plate, obviously,
• 1:19:18
  just like the ones we always have that we've done with
• 1:19:20
  artists collapse. This one's a little bit
• 1:19:22
  different. It has color in it.
• 1:19:24
  The first time we were ever let color onto one of these plates
• 1:19:27
  and it's highly limited. We've we've only made 47 of
• 1:19:30
  these. Each is numbered and they are
• 1:19:33
  moving fast. So cool way to kind of have a
• 1:19:36
  piece of history. Hang it up on your wall, keep it
• 1:19:39
  as part of your collection. You know, because I do believe
• 1:19:42
  Trump is the first US Bitcoin president.
• 1:19:45
  I think he's going to do a lot of good things for it.
• 1:19:46
  So if you agree with that too, and you want a piece of that
• 1:19:49
  history, I highly recommend you get this plate.
• 1:19:52
  Actually, the one I have here is like a prototype demo.
• 1:19:55
  So the orange isn't as bright and it's a little off centered.
• 1:19:57
  So I don't even like have one yet.
• 1:19:59
  I have to try to get one of those before it's a little bit
• 1:20:02
  too late. I had to give everyone else a
• 1:20:04
  chance beforehand. So yeah, that plates there.
• 1:20:07
  Of course we have all our other plates that have designs on
• 1:20:09
  them. We, we recently bundled all of
• 1:20:12
  our Series one designs, which was anything released in 23 to
• 1:20:16
  24 as a Series 1 bundle. And that's also on the site now
• 1:20:20
  too. You get 7 plates with that
• 1:20:22
  because we had a few people that wanted to have an easy way to
• 1:20:25
  get that whole bundle and Siri. And the only thing that's not in
• 1:20:29
  series one or any following series will be a number plate.
• 1:20:33
  So anything that's numbered, if you, if you share our website,
• 1:20:36
  those things get retired, they never get made again.
• 1:20:38
  That's it. But for any of the plates are
• 1:20:40
  always around, you know, they're, they're pretty much
• 1:20:42
  always available. But you can see right above the
• 1:20:44
  left shoulder, 1 of 47 each, each will be numbered like that.
• 1:20:50
  And there'll be a label sealing the entire plate.
• 1:20:54
  That'll also be #2 so if you didn't want to open it up, you
• 1:20:57
  know, but you want to know what number you had, you'll be able
• 1:20:59
  to know because we'll be on the outside label.
• 1:21:01
  I know a lot of people who actually collect these things
• 1:21:04
  don't want to open them. You know, it's like a long term
• 1:21:06
  hold for them. We got we got we.
• 1:21:09
  Oh, sorry. I I thought you.
• 1:21:10
  Were no go ahead questions. Yeah, so we got a comment in the
• 1:21:13
  chat. The brass tipped hammer is a
• 1:21:16
  game changer. Opti, could you go to the
• 1:21:18
  website and show off the kit for anyone 'cause I know there's a a
• 1:21:21
  lot of new viewers tuning into simply Bitcoin.
• 1:21:24
  The bull market is is is pumping.
• 1:21:28
  Our numbers are going up. So perhaps people don't know
• 1:21:31
  what the stamp seed kit is. So could you break it down?
• 1:21:34
  There's an overall picture here, James.
• 1:21:37
  We just talked about a plate. They're like, oh, is that just a
• 1:21:40
  metal plate with Trump on it? What is the titanium seed
• 1:21:44
  stamping kit? What's it for?
• 1:21:46
  Who's it for, James? Sure.
• 1:21:49
  Let's break it down. OK, so this is for anyone that's
• 1:21:51
  holding Bitcoin in self custody long term cold storage, right?
• 1:21:55
  So for anyone new that who just bought Bitcoin, it's still on
• 1:21:59
  the exchange, get it off the exchange.
• 1:22:01
  You want to move it into a hardware wallet with that
• 1:22:04
  hardware wallet that's basically storing your private key.
• 1:22:07
  So you have full ownership of your account.
• 1:22:09
  You're holding your Bitcoin on the exchange, you're really
• 1:22:11
  holding it in someone else's account.
• 1:22:12
  So you have to send it to yourself and take self custody
• 1:22:16
  with a an open source Bitcoin only hardware wallet, you know,
• 1:22:21
  preferably. So when you do that, there's a
• 1:22:24
  backup to that private key should that wallet become lost,
• 1:22:27
  destroyed or stolen. You know, while it breaks, the
• 1:22:30
  electronics in these harbor wallets aren't always the best.
• 1:22:33
  They don't really stand the test of time.
• 1:22:35
  It gets lost, stolen, damaged. You can't get back into it for
• 1:22:39
  whatever reason. You have a backup for that.
• 1:22:42
  Your backup's going to come in the form of 12 to 24 words,
• 1:22:45
  which the hardware wallet is more than likely going to tell
• 1:22:48
  you to write those down on paper.
• 1:22:49
  Don't store them online. Obviously, that's not a good
• 1:22:52
  thing. You can get hacked.
• 1:22:53
  There are computer programs out there that are scraping looking
• 1:22:57
  for these 12 to 24 words, so they're going to tell you to
• 1:22:59
  write them on paper. That's bad because if you lose
• 1:23:02
  that backup, if it burns in a fire, if it gets border damage,
• 1:23:05
  if the ink fades, if you throw out the paper for an accident,
• 1:23:08
  you lost all your Bitcoin. You can't call up the Harbor
• 1:23:11
  Wallet company like a cold card. I got locked out of my cold car.
• 1:23:15
  Can you guys help me with the backup?
• 1:23:16
  It's not like resetting your password for Facebook.
• 1:23:19
  It's gone. You don't have access to it
• 1:23:20
  anymore. So instead of putting it on
• 1:23:23
  paper, you go to the kit, which you're on now.
• 1:23:25
  So the plate that I was showing before, you can see on the
• 1:23:28
  bottom left, you can see 24 lines.
• 1:23:29
  That's where you're actually hammering your words into the
• 1:23:33
  metal. You're not writing them on
• 1:23:34
  paper. Look at what what's being held
• 1:23:37
  right there is a stamp. On the tip of that stamp there's
• 1:23:39
  a letter. What you do is you hit the top
• 1:23:42
  of that stamp with a hammer and the letter imprints itself
• 1:23:45
  deeply into that titanium. You're not like taking a piece
• 1:23:48
  of metal with a letter on it and placing it somewhere and trying
• 1:23:51
  to keep everything together. It's actually impressed deeply
• 1:23:54
  into that titanium and it's like 1 solid piece.
• 1:23:57
  So pieces aren't going to fall out or scatter if the device
• 1:24:00
  becomes bent, right? If you have like little letter
• 1:24:03
  tiles, they can pop out if something becomes bent, if heat
• 1:24:07
  expands, obviously that's a problem too.
• 1:24:09
  So you can kind of look at this here.
• 1:24:10
  It's it's the size of a post. It essentially right.
• 1:24:13
  And instead of writing on the post it, you're stamping in it
• 1:24:16
  because you're holding this thing for generations, right?
• 1:24:19
  You're passing down your wealth. It's hard to do that with a
• 1:24:22
  piece of paper. It's not going to stand the test
• 1:24:24
  of time. And, you know, obviously, the
• 1:24:27
  plate here has been through the wringer.
• 1:24:28
  One of the biggest fears people have is a house fire.
• 1:24:32
  It's one of the most common things that could happen.
• 1:24:34
  And it's something that can result in your seed phrase
• 1:24:36
  becoming lost forever. Ours is titanium plate, which is
• 1:24:40
  going to survive nearly triple the average house fire.
• 1:24:42
  And we were talking a few weeks back about the California
• 1:24:45
  wildfires. This would survive through
• 1:24:47
  something like that. And I've seen videos and
• 1:24:50
  pictures of safes from those fires.
• 1:24:53
  And the paper inside of the safes are charred up and burnt.
• 1:24:57
  A safe can be fireproof right? But it it can only be fireproof
• 1:25:00
  for a certain amount of time. And if a fire, a wildfire is
• 1:25:03
  roaring for a certain amount of days, that safe is not going to
• 1:25:06
  survive. So unless you have a very high
• 1:25:08
  quality UL tested fireproof safe that you probably spent
• 1:25:12
  thousands of dollars on, it's not a good idea to take that
• 1:25:15
  piece of paper and store it in the safe.
• 1:25:18
  It wouldn't last. So the Stampede titanium wood.
• 1:25:21
  I've tested this thing with like roofing torches up to 2000°F,
• 1:25:26
  bury them in fire embers for, you know, hours at a time.
• 1:25:30
  There's really no way to damage it.
• 1:25:32
  It gets a little discouraging sometime you're like you're
• 1:25:33
  looking for, you know, how can we break this plate?
• 1:25:35
  It it gets very difficult. So you know, it's, it's a little
• 1:25:40
  for anyone who who might be new to hearing about this or self
• 1:25:43
  custody. It does seem a little crazy,
• 1:25:45
  right. You know, we're like blacks,
• 1:25:46
  modern day blacksmith. We're stamping our passwords to
• 1:25:49
  our to our generational wealth into titanium.
• 1:25:53
  But if you want to take self custody, if you want that level
• 1:25:56
  of responsibility, these are things you have to do if you
• 1:25:58
  want to be your own bank. And obviously, as I was saying,
• 1:26:02
  you have to be responsible in doing that.
• 1:26:04
  So set yourself up for success with the metal versus doing it
• 1:26:07
  on paper. And then there there's some
• 1:26:10
  other options out there for anyone saying like I, I don't
• 1:26:12
  trust myself with the 12 to 24 words.
• 1:26:14
  What if I lose it? Where do I store it?
• 1:26:17
  These are all kind of situations you have with whatever it's
• 1:26:19
  stored on, right? If it's on paper, you still have
• 1:26:21
  the same questions. But for anyone that wants a
• 1:26:24
  little bit more insurance, you could do something like multi
• 1:26:26
  sig right, where you have different up to three wallets or
• 1:26:30
  even up to five I think. Or you could have your plates
• 1:26:33
  for that. You could do the two of three
• 1:26:36
  sharding where you're separating your words across 3 plates.
• 1:26:40
  There's so many other ways to do it where you're really
• 1:26:42
  protecting yourself. And you can make copies of your
• 1:26:45
  seed words, which I don't particularly like to do, but you
• 1:26:49
  can certainly do that. You know, obviously you can
• 1:26:52
  memorize them, right? And I think that's a great
• 1:26:54
  second backup. But you have to have something
• 1:26:57
  metallic with the words deeply impressed in it.
• 1:27:01
  No loose pieces, no loose letters that could pop out.
• 1:27:04
  You can literally take the titanium plate that stamped and
• 1:27:07
  bury it in the ground for for decades.
• 1:27:11
  You know, unless there's some serious shifting underground in
• 1:27:14
  in the area you live by, I don't know if I'd recommend doing that
• 1:27:17
  or if there's a lot of like flooding or landslides.
• 1:27:19
  You wouldn't want to do something like that.
• 1:27:20
  But if you know your land, you know, you should be safe buried
• 1:27:23
  on the ground. No one's no one's going to find
• 1:27:25
  it. There's ways to protect that
• 1:27:26
  thing where no one would see it. So, yeah.
• 1:27:30
  And if anyone has any other questions, you know, feel free
• 1:27:32
  to reach out to us. But yeah, comes down to it.
• 1:27:36
  It's a very simple and low tech solution to what could be very,
• 1:27:40
  you know, highly technical problem.
• 1:27:42
  What do I do with my C words? What do I do with this?
• 1:27:44
  What if the paper burns? So that's the case.
• 1:27:46
  You just stamp in the metal with the hammer.
• 1:27:49
  And I saw someone talking about it before.
• 1:27:51
  I just want to touch upon one thing with the hammer quick
• 1:27:53
  because we get a lot of people asking about the brass tip.
• 1:27:56
  A lot of people think this is where you hit it, right?
• 1:27:59
  But it's actually the brass side is where you're going to hit it
• 1:28:01
  and you can see see all the denting there.
• 1:28:03
  I did a lot of stamping my seeds already in metal.
• 1:28:06
  When you hit the stamp with the brass hammer, it actually dents
• 1:28:09
  the brass. So instead of the hammer kind of
• 1:28:12
  going Ding and bouncing off the top, resulting in a more shallow
• 1:28:15
  impression, it's actually helping drive that down with a
• 1:28:18
  dead blow and giving you a deeper result.
• 1:28:19
  Plus, you know, it's heavy, short handle, nice angle, $5
• 1:28:24
  wrench attack Nemesis, anyone comes after you with that.
• 1:28:26
  You can just wobble on that with this thing.
• 1:28:28
  They're not coming back. This thing is, you know, 2 LB
• 1:28:31
  weighted head makes it very easy to stand.
• 1:28:33
  You know, you know, it's like we tell people they can use a
• 1:28:36
  regular hammer. You certainly can you, you could
• 1:28:39
  get the the same results. It might be a little bit more a
• 1:28:43
  force you would have to put in that hammer, but you're going to
• 1:28:46
  get a deeper result. It's going to be a lot easier
• 1:28:47
  with something like a 2 LB brass, especially if you're
• 1:28:49
  doing like more than one plate or something like that.
• 1:28:52
  Absolutely. And then one of the things that
• 1:28:54
  I want to mention as well is you only have to get that kit one
• 1:28:59
  time. You only have to get the hammer,
• 1:29:02
  the letter stamping tools, and the anvil one time.
• 1:29:06
  And you can just keep buying new plates if you need new plates,
• 1:29:09
  right? So you only need to buy the
• 1:29:11
  hammer, the letter stamping tools, the anvil one time.
• 1:29:14
  You have it for life, you know, it's a very durable material.
• 1:29:18
  And then you can you, you can just keep getting new plates,
• 1:29:20
  right? I like collecting them.
• 1:29:22
  So we have a simply Bitcoin edition now there's a, a Donald
• 1:29:26
  J Pump edition, Opti's holding the simply Bitcoin edition.
• 1:29:29
  There's special edition. I believe you guys are going to
• 1:29:31
  be doing custom ones too. So this is the perfect thing
• 1:29:36
  that you guys could buy to achieve your financial
• 1:29:38
  sovereignty. You shouldn't be writing down
• 1:29:40
  your seed words on paper. That's OK if you're doing it
• 1:29:43
  when you're, you have a maybe 1000 or couple $1000 on your,
• 1:29:48
  you know, on your hardware wallet.
• 1:29:50
  But you know, once you start having your net worth on your
• 1:29:53
  hardware wallet, you want to make sure that, that, that, that
• 1:29:56
  seed words really, really stands at the rest the the test of
• 1:30:00
  time. And you know, it's not prone to
• 1:30:03
  the elements like water. I have I have friends who lost
• 1:30:06
  their houses during the California house fire, like
• 1:30:09
  Bitcoiners, like well known bitcoiners, their house
• 1:30:11
  literally burnt to the ground if they didn't have you know,
• 1:30:16
  again, it's terrible to say this, but it's the truth.
• 1:30:18
  I'm being honest. If they didn't have the stamp
• 1:30:20
  seed, if they didn't have their words on on because not all
• 1:30:24
  medals are not created equal, right?
• 1:30:26
  So you have so I'm not going to name any companies love Bitcoin
• 1:30:32
  cut love Bitcoiners, love Bitcoin companies, but let's
• 1:30:34
  just say that you know, certain steel or metals that are not
• 1:30:40
  steel are weaker than titanium like titanium.
• 1:30:43
  They they use titanium on the space shuttle, bro and they,
• 1:30:47
  they did it on purpose, right? So you want to you want to get
• 1:30:51
  something that is really going to stand the test of time.
• 1:30:53
  Highly recommend the stamp seed. Go to stampse-ed.com today.
• 1:30:57
  Use promo code SIM Simply James. Any final thoughts before we?
• 1:31:01
  Wrap it up. Sure.
• 1:31:02
  One other important thing I want to touch on like, yes, you
• 1:31:04
  wanted a metal, you want something that's fireproof,
• 1:31:06
  right? But the one solid piece aspect I
• 1:31:08
  think is something that a lot of people don't really see until
• 1:31:11
  the second time around when they're coming to us to buy
• 1:31:13
  something. We have a lot, and I won't name
• 1:31:15
  any companies. We have a lot of people who are
• 1:31:17
  using, I guess multi piece solutions, right?
• 1:31:20
  Where instead of doing the proof of work of hammering each letter
• 1:31:24
  in, the letters are ready stamped for you on like little
• 1:31:26
  tiles, right? So it looks cool, it looks
• 1:31:29
  convenient, there's less work, it's faster for me to do.
• 1:31:32
  I want to get this one. The problem is if heat is one of
• 1:31:37
  your biggest concerns, heat went when something heats up and
• 1:31:40
  expands, right? So if you have layered pieces of
• 1:31:42
  metal that are then holding little tiny little letter tiles
• 1:31:46
  and they're like sandwiched in there, as soon as it heats up,
• 1:31:48
  The thing is going to start to separate and pieces are just
• 1:31:51
  going to fall out. So anything with more than one
• 1:31:54
  piece is a problem. You want one solid piece, small
• 1:31:56
  form factor, highly, highly fire resistant metal and that's the
• 1:32:01
  way to go. So yeah, that's the final, you
• 1:32:04
  know, thought there. I guess another one is, you
• 1:32:05
  know, take self custody, practice it.
• 1:32:08
  Put your Bitcoin into self custody.
• 1:32:10
  Send, send a little bit to the wall for the first time.
• 1:32:12
  If you've never done it before, send $10, whatever the amount
• 1:32:15
  may be, make sure it went. Then take your wallet, try the
• 1:32:18
  recovery process. You'll have your sheet words
• 1:32:20
  written down or stamp the metal. At that point, delete your
• 1:32:24
  entire wallet, put it back to his factory settings, and then
• 1:32:27
  restore it with those seed words.
• 1:32:28
  Make sure the whole thing works and then send the rest of your
• 1:32:30
  Bitcoin there too. It's a nice thing to do in
• 1:32:32
  practice because one, you're making sure you're not sending
• 1:32:35
  it to the wrong address. 2, you're kind of getting your fee
• 1:32:37
  wet before you send that big amount.
• 1:32:39
  You're not as nervous. Three, if you ever did lose your
• 1:32:41
  wallet, you went through that process once you're ready.
• 1:32:43
  So it's all familiar territory. So practice it and won't become
• 1:32:46
  as scary and you know, you won't procrastinate as much, right?
• 1:32:50
  Like I, I think self custody, it's a lot of procrastination
• 1:32:53
  around it. I do it myself sometimes.
• 1:32:55
  So it's all about just staying on top of it and making sure
• 1:32:57
  you're comfortable with it and you know, taking and doing it
• 1:33:00
  the right way because you're responsible, right?
• 1:33:03
  Great power comes great responsibility, like Uncle Ben
• 1:33:06
  said. So just make sure that you're
• 1:33:08
  not the one you know you're you're smart enough to buy the
• 1:33:11
  coin, you're smart enough to put in self custody.
• 1:33:14
  Don't be too smart to the point where you actually lost it all
• 1:33:17
  and you want to be the reason you you, you rugged yourself.
• 1:33:19
  So keep your seed word safe on metal and then you know you'll
• 1:33:22
  have them for generations to come.
• 1:33:27
  Absolutely beautifully, beautifully said.
• 1:33:29
  Well, I do want to thank our special guest today, James from
• 1:33:32
  Stamp Seed, head over to stampse-ed.com today.
• 1:33:35
  Use promo code simply 15% off. Store your seed phrase properly.
• 1:33:40
  Don't write down your seed phrase on paper.
• 1:33:42
  We highly, highly recommend, recommend against that.
• 1:33:45
  My name is Nico. I'm your host for today, my
• 1:33:47
  legendary Co host Optimus Fields.
• 1:33:49
  We are simply Bitcoin and we'll be back tomorrow for a brand new
• 1:33:53
  episode. Until then, love you all.
• 1:33:55
  We'll be back tomorrow. Like the show?
• 1:33:56
  Subscribe and we'll see you later.
• 1:33:59
  Today's episode was brought to you by bitcoinwell.com, a
• 1:34:02
  Bitcoin only platform on a mission to enable financial
• 1:34:05
  independence.