Latest / Simply Bitcoin / Brian Brooks: Bitcoin WILL Replace Banks | EP 913
Transcript
- 0:03It's all going to zero against Bitcoin.
- 0:07It's going on forever. You're against Bitcoin.
- 0:17You're against freedom. Yeah.
- 0:21Welcome to another episode of Simply Bitcoin Live.
- 0:22You're your number one source for the peaceful Bitcoin
- 0:24revolution code, bringing you use culture, mining, warfare.
- 0:26We will be your guide through the separation of money and
- 0:28state. Brian Brooks, he was the
- 0:32Comptroller of the currency said the quiet part out loud.
- 0:36He said that Bitcoin is going to replace the banks right.
- 0:41And now I said that it kind of makes sense why Jamie Dimon
- 0:47reacted the way that he reacted, right.
- 0:50And and if you think about it like, from, like a common sense
- 0:53perspective, like at the end of the day, you know, banks make
- 0:57money off holding your money, but what's in it for you?
- 1:01What's in it for you is the convenience of it, right?
- 1:03It's not really convenient to hold like $1,000,000 under your
- 1:06bed, right, in cash. And then they charge you a fee
- 1:11for that, right? They charge you like if you have
- 1:13any bank in the US, if you like under like 1500 bucks in your
- 1:16account, they charge you like a quote, UN quote, convenience
- 1:19fee. And it's like what?
- 1:21It's like $15.00. So like, it charges you.
- 1:23The banks are charging you for holding your money even though
- 1:26they're making money off of your money, right?
- 1:29So it's kind of weird. It's kind of strange.
- 1:32And it used to not always be that way.
- 1:33Like banks used to actually pay you like a decent interest.
- 1:37But obviously things have changed, obviously.
- 1:41So yeah, I I really think that that's the reason that Jamie
- 1:44Dimon, why he's so against it, 'cause I think he sees the
- 1:49writing on the wall. And OK, you could say that's
- 1:51just a bit bunch of Bitcoiners speculating and theorizing, But
- 1:55you have Brian Brooks. Brian Brooks was the former
- 2:00acting US Comptroller of the Currency and during the Trump
- 2:06administration, right. And he was a huge fan of
- 2:09Bitcoin. And he's been saying that like,
- 2:12you know, quote, UN quote, cryptocurrency does not seek to
- 2:14replace currency. It's a bad name.
- 2:16Cryptocurrency seeks to replace banking, right?
- 2:20So and it's interesting, 'cause, you know, we know how Trump
- 2:23feels about CBD CS. Obviously he hasn't talked
- 2:26negatively about Bitcoin, but here's someone that was part of
- 2:30his administration that actually looks at Bitcoin favorably and
- 2:33he was pretty up there, right? So anyways, a lot of stuff to
- 2:36talk about. We have a lot of stuff to get to
- 2:38part of the show. I want to bring up my legendary
- 2:40Co host. Always optimistic.
- 2:41How you doing? Hey Nico, I'm I'm gonna let you
- 2:44continue, but you're way too low energy.
- 2:47Hey, what is going on? Miko needs some coffee.
- 2:49I was just saying that I was low energy.
- 2:51I only had two cups of coffee this morning.
- 2:53But man, Nico, you got to really bring bring the.
- 2:56Heat. I got to step it up.
- 2:58Yeah, yeah. I think, I think we need some
- 3:00more five over there. We need like a maybe even at a
- 3:03four, maybe even at a four. But anyways, anyways, I I want
- 3:07to read this comment over here on Rumble because it's
- 3:09absolutely hilarious. Shouts out the UTXO, he goes,
- 3:12Garth Brooks said. Bitcoin is going to replace
- 3:14banks. Brian, Brian Brooks I.
- 3:19Don't think Miko even knows who Garth Brooks is.
- 3:21But that doesn't even. Know who?
- 3:22Who is Garth? Who is Garth?
- 3:23He's a country country singer. OK Anyways, anyways.
- 3:27Anyways, our friend, our friend Josh Friedman, Did I say right?
- 3:31Josh Friedman did. I say.
- 3:32Right. You got it right.
- 3:33Yep. This guy's last name, this guy's
- 3:35last name is literally freedom man.
- 3:37Like couldn't make up he's he's in the right industry Anyways
- 3:40Josh everyone knows culture. We feature our our guests.
- 3:45So Josh you work with slice and and this is the first time I've
- 3:48heard of it. So let's give the audience a
- 3:50little TATLDR and then and then we'll go into the the nitty
- 3:54gritty during the culture. For sure.
- 3:56So Slice, basically the what I do is I ask people, would you
- 3:59rather make money online or not when you're browsing.
- 4:02What Slice does is we basically will show you ads and instead of
- 4:08you know, taking all of your your data, not giving you
- 4:11anything, what we do is we split ad revenue with users.
- 4:14So if you see an ad, we make some money and we're going to
- 4:17give you half that money. So over time, obviously you're
- 4:20starting to make a little bit of money.
- 4:21When you're browsing, you can cash that out for dollars, go to
- 4:24PayPal, take a 4%, you know, cut from it and take it, take it in
- 4:29USD or you can get it in Bitcoin.
- 4:31So most of our users prefer Sats, and I think this is an
- 4:34amazing tool to help the next, you know, however many millions
- 4:38of people, as we gain users begin to see that Bitcoin is
- 4:42better because not all these people who use Slice are
- 4:44necessarily bitcoiners, but they they're thinking, hey, if I can
- 4:48get some Bitcoin, might as well. So Slice, I'm excited to be a
- 4:51part of the team. I've been part of the team for
- 4:52like 6 or seven months, or six or seven weeks, but I've been
- 4:56the Slice user for about eight or nine months.
- 4:58OK, awesome. Awesome.
- 4:59All right, well, we'll we'll break it down during the
- 5:01culture. But sounds sounds super cool,
- 5:03man. Really excited for this one.
- 5:05Yeah, it's it's kind of like a new kind of model, right?
- 5:08Because like, I'm sure we'll talk about this during the
- 5:10culture, but it used to not always work like that, right?
- 5:13Like. Plus value for value, right.
- 5:14So like it's one of those things where we're, we're sharing value
- 5:18with the consumer. So it's kind of flipping value
- 5:20for value a little bit on its head because I'm also a creator.
- 5:23I love Fountain because people can send me some Sats, but we
- 5:27also have never they had a great way to give the consumer Sats as
- 5:31well, and that's what Slice is helping to do.
- 5:33Yeah, yeah, that's pretty cool, man.
- 5:35Well, I'm excited to talk about that.
- 5:37Sounds really, really interesting project.
- 5:38Everyone's talking about my energy, so I'm going to step it
- 5:40up. Yeah, dude, you need it.
- 5:41What? What is the Bitcoin Live?
- 5:46Nika's already on the weekend, bro.
- 5:47He's already on the weekend I. Gotta take it from the top.
- 5:50I gotta take it from the top. Anyways, ladies and gentlemen,
- 5:52it's going to be a great show. Let's get into it.
- 5:53We got the numbers first. Let's check it out.
- 5:55Here we go. The Bitcoin numbers.
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- 7:22why they fell asleep because they didn't.
- 7:24Why they couldn't sleep anyways. At the time of recording, the
- 7:27Bitcoin price is 41,800 cents per dollar 2393.
- 7:32Block Height 827,502 blocks to having 12,498 Total lightning
- 7:38network capacity 4846 Bitcoin Capacity Value 202 million U.S.
- 7:44dollars Realized Monetary inflation 1.74% The market
- 7:48capitalization of Bitcoin $819 billion Bitcoin verse gold
- 7:53market cap 5.95% In the grand scheme of things, Bitcoin is
- 7:58just getting started. Anyways, this is a video that I
- 8:01have for you guys, but first I want to explain who Brian Brooks
- 8:06Brian P Brooks is. So he's an American lawyer,
- 8:09banker, and entrepreneur. He served as Acting Comptroller
- 8:13of the Currency, succeeding the 31st Controller of the Currency,
- 8:18Joseph Otting, and he was nominated twice by the previous
- 8:25president. He also worked at Bitcoin and
- 8:30crypto companies he worked at. He was the chief legal advisor
- 8:35at Coinbase from 2018 to 2020 and Bitfury from from October
- 8:412021 to 2022. So I mean Bitfury from my
- 8:49recollection, I think it's one of, it's a very big mining
- 8:51company. So I mean, yeah, like it's
- 8:55interesting to have someone like within the halls of government
- 9:00in the administrative state that is so bullish on Bitcoin, right?
- 9:05And then he said this in regards to what Bitcoin is actually
- 9:09going to replace. So specifically to use his
- 9:11words, what cryptocurrency is going to replace.
- 9:13So I'm going to play this and then we'll talk about it.
- 9:16Cryptocurrency does not seek to replace currency.
- 9:19It's a bad name. Cryptocurrency seeks to replace
- 9:22banking. The core things that banks have
- 9:25done since the 1300s, those are going to go away 100%.
- 9:29And and let's just be clear what I mean by that, the reason that
- 9:32we even have banks, banks originated in Italy around the
- 9:35year like 1340. All right.
- 9:37And the reason they originated was because of a set of
- 9:40accounting advances that allowed banks to serve as trusted
- 9:43intermediaries between parties that owed each other money.
- 9:45Before that, literally I would write you a note and I would
- 9:48promise to pay you money and you'd put the note in your
- 9:50pocket and you'd see if anybody else would take the note.
- 9:52You know, that's that's why we prefer to discounting notes.
- 9:56And then banks arose and it was like, you no longer need to do
- 9:58that. We'll take care of it for you,
- 9:59but you're going to have to pay us to do that.
- 10:01That function of needing a trusted intermediary to maintain
- 10:05ledgers of account to figure out do IO Brooks money or does
- 10:08Brooks owe me money. It turns out that function no
- 10:11longer has to be done by human beings, the same way we don't
- 10:14need postal clerks anymore. I can send you an e-mail for
- 10:17free and it's instant. And that's just the end of the
- 10:19post office. Sorry, but it just is.
- 10:22That function will go away. The the what's going to be left
- 10:25for banks is the high value add services.
- 10:27You know, structured finance, investment advisory, you know
- 10:31all of the things that make a dynamic economy function.
- 10:34We we still need people to do that.
- 10:35There's a lot of creativity going on in finance.
- 10:38But the core of banking, the base of the pyramid, the thing
- 10:41that drives most of their revenue doesn't need to exist.
- 10:44And that's why I say, and I was saying to one of the organizers
- 10:46even before we set up on this panel, cryptocurrency does not
- 10:49seek to replace currency. It's a bad name.
- 10:53Cryptocurrency seeks to replace banking just if you take nothing
- 10:57from this panel but that. That's what you need to
- 10:59understand. I mean, and then, you know, he
- 11:02might know what he's talking about.
- 11:05Here's the title for the Office of the Control of the Currency.
- 11:09The Office of the Control of the Currency charters, regulates and
- 11:12supervises all national banks. It also supervises the federal
- 11:17branches and agencies of foreign banks.
- 11:20So I mean, pretty big statement and now it.
- 11:24Now it's so clear in my mind why someone like Jamie Dimon, the
- 11:27CEO of one of the world's largest bank, if not the world's
- 11:31largest bank, why he's so hell bent against Bitcoin.
- 11:35Like, it makes perfect sense now because he kind of walked it
- 11:39back a little bit and he said like, Oh no, like there's still
- 11:43going to be opportunities for banks.
- 11:44And then he and then he like kind of doubled down.
- 11:46He's like, but the bulk of their revenue is just going to
- 11:48disappear. So if I was like someone like
- 11:50Jamie Dimon, what's that saying, Opti, that we always say like,
- 11:53you're not going to understand something that you're that
- 11:55you're like, you're like your life, your living depends on.
- 11:59So yeah, I mean, you know, if I was a container banker
- 12:03benefiting off the Fiat parasitic system, I would
- 12:07totally be against Bitcoin too. But I love Jack Mahler's the way
- 12:11that he approached it. You know, he was dropping some
- 12:13Epstein bombs in there and he was just basically saying, like,
- 12:16I don't care what this person thinks.
- 12:17So but fine, you might not care what this person thinks, but you
- 12:21might not understand, you might not fully understand what his
- 12:25motivations and what his reasonings are.
- 12:27I think Brian Brooks explains it perfectly here.
- 12:31And it's not just a Bitcoiner on the Internet, right?
- 12:34This is someone who's in the top echelons of government and he
- 12:38also worked in the private sector, you know very you know
- 12:41in in big companies as well in the industry.
- 12:43So this guy obviously knows what he's talking about and I I think
- 12:46he hit the nail on the head. And I mean, it's obvious.
- 12:49I mean we were talking about it like in the very part, very
- 12:52first part, very beginning of the show.
- 12:55Whereas basically saying like self custody and the ability for
- 12:59people to transact peer-to-peer, it it just like it kind of makes
- 13:04all of like, dude, like try sending a wire, Like sending a
- 13:08wire. You have to pay $30.
- 13:11You don't know why you're paying that $30.00, but it's always
- 13:13this $30. Sometimes it's sometimes it
- 13:17arrives the same day, the next day, you know, it arrives
- 13:20sometimes this happened to me where it gets lost and you're
- 13:23like, where is that? And then, you know, you call the
- 13:25bank and you're like, Oh no, it's in compliance And you're
- 13:27like what? What's going on there?
- 13:28It's like compliance can't talk to you.
- 13:30So like, it's like some weird kind of opaque system and the
- 13:35moment you send Bitcoin on chain, it just clicks for you
- 13:41because it's instantaneous, it's open, it's transparent.
- 13:45The other person can't say I can't, I didn't get the wire
- 13:48because you literally send them a link with the blockchain and
- 13:51like the transaction, the TX ID and all that stuff and it's
- 13:54like, it's there, bro. I sent it, right?
- 13:57So I mean, yeah, I fundamentally agree with him.
- 14:00I think that it is going to replace banking.
- 14:02I think it's it makes their it destroys their business.
- 14:07Like their business model kind of goes away, right?
- 14:10If people could take self custody, if people don't need to
- 14:14go through an institution to send a wire and people could
- 14:17just do it peer-to-peer. Yeah it makes it go away.
- 14:20So I agree with him. I agree with him and explains
- 14:23why Jamie Dimon got so upset, got so butthurt.
- 14:25Anyways, Opti, what's your take bro?
- 14:27Yeah, well, I mean, look, Jamie Dimon.
- 14:30Wait, what did Sean say? Jamie Demon.
- 14:33He's not a dumb guy. I I am convinced now after
- 14:37everything we've been talking about, you know for a long time,
- 14:40you can make the case that these people just don't know what's
- 14:43going on with Bitcoin. And and you can still make the
- 14:45case that they probably don't understand Bitcoin on a
- 14:47technical level, which most of us probably don't have.
- 14:50You know a technical understanding like Bitcoin core
- 14:52devs in general. But these people aren't dumb.
- 14:55They understand what is at stake.
- 14:56They understand what game's being played.
- 14:59And if you route around them, you know the the quote, build a
- 15:02parallel system that they cannot control.
- 15:04Of course they're going to come out against Bitcoin because,
- 15:06look, it's in the, it's in the first paragraph of the white
- 15:09paper. Like the financial system that
- 15:12we are using right now is based on a lot of trust and that is
- 15:15based on a lot of trusted third parties.
- 15:17Now Jamie Dimon is one of those trusted third parties.
- 15:20Like, why? Why do we think that he's not
- 15:22going to come out against Bitcoin when it literally will
- 15:26eventually destroy his business model if he doesn't adopt
- 15:30Bitcoin? So of course they don't want
- 15:32competition and we know right now with what's going on in the
- 15:35world, there is competition on the dollar and they don't want
- 15:39to compete on the market and that's just where we are right
- 15:41now. And you know, to that point of
- 15:44Brian Brooks talking about in that clip, Bitcoin is just a
- 15:48global digital Ledger that isn't controlled or manipulated by
- 15:51anyone like say that that will eliminate banks or maybe it is a
- 15:57currency. Like, I think it's besides the
- 15:59point. It's like an uncontrollable
- 16:01digital Ledger. Of course the banks out there
- 16:04don't want you to use a Ledger that they can't control because
- 16:08that's how they're able to make the profits.
- 16:10That's how their business model is run, is by basically
- 16:12manipulating text message and ledgers worldwide.
- 16:15So of course, the trusted third parties don't want you to join a
- 16:18monetary system that they cannot control.
- 16:21And so as much as people still think and fall for the authority
- 16:27fallacies out there, you know, Jamie Dimon is a well respected
- 16:30person in the traditional financial world.
- 16:32It's no, it's finance. Finance.
- 16:35Yeah, sorry, we're getting. We're fancy, bro.
- 16:37We're fancy now, of course. Of course he.
- 16:40Say it Opti. Of course of course he's
- 16:45incentivized to continue to gaslight the population out
- 16:48there until of course you know they they get their bags packed
- 16:52and and let's not forget guys, Jamie Dimon is an authorized
- 16:55participant to the Black Rock Spot Bitcoin ETF.
- 16:57So don't listen to what they're saying watch what they do and
- 17:01I'm I'm convinced that these bankers out there they they got
- 17:04to have some Bitcoin. I I don't think that they are
- 17:08are as as dumb as we would like to make them out to be.
- 17:12Like if they don't have Bitcoin directly they know what is going
- 17:17on and they know why you want to hold some Bitcoin.
- 17:19Maybe they're just totally entrenched in their business
- 17:22models and and someone in our Telegram chat Nico played that
- 17:25one Chrissy Lagarde clip that was like 2 years ago or whatever
- 17:29about like the inflation and and expanding the balance sheet like
- 17:33it will come down and it's so funny.
- 17:36In In Due time. In due time it'll come down and
- 17:38it's just so funny that that she had to very directly be like
- 17:44there is no cryptocurrencies on the EC BS balance sheet and
- 17:47it's. Like she's kind of she was kind
- 17:50of snappy about it it. Kind of a little bit.
- 17:52It's 'cause you you got to know that they are getting asked
- 17:55about this constantly. So every banker in the world, as
- 17:57far as I'm concerned, at least these big bankers, obviously
- 18:00they're incentivized to not embrace Bitcoin because we know
- 18:03the playbook guys, you FUD Bitcoin, you stack your bags and
- 18:06then once you have your position, you start to endorse
- 18:09Bitcoin. And we are in the then the
- 18:11Endorse Bitcoin part of the journey.
- 18:13So oh man, it's so awesome being a Bitcoin.
- 18:16Anyways, let's get Josh Josh's take on this.
- 18:19Yeah, well, kudos to Brian P Brooks for saying the quiet part
- 18:22out loud. It's not something that Jamie
- 18:23Dimon he needs to know. He already knows it.
- 18:25But I think a lot of people who are listening to Brian, they
- 18:28probably haven't ever thought about Bitcoin as something
- 18:30besides a currency because we use the term cryptocurrency.
- 18:33But replacing the banks is something that, you know, there
- 18:36are a lot of ways that could happen.
- 18:39I liked his example of letters versus e-mail.
- 18:42People still today like sending letters to their friends and
- 18:46their loved ones from time to time.
- 18:48It's, you know, romantic, idyllic, quaint.
- 18:51In the future, you know, Who knows?
- 18:53I I doubt it because last time I went to the bank, I hated having
- 18:55to go through the the hoops of sending a wire transfer.
- 18:58But, you know, maybe in the future people will want to send
- 19:00a wire transfer as a way to kind of relive the old days.
- 19:03But I'm thankful for what Bitcoin is at least making
- 19:07possible for people now, and it's great to be seeing all
- 19:11these new services that are being provided to Bitcoiners
- 19:14like on a consistent basis. And I think it's just ramping up
- 19:17like 2024-2025. We're going to keep on seeing
- 19:20the businesses that have already been going for a while continue
- 19:23to grow and some really cool projects I'm sure are going to
- 19:25be just over the horizon. Couldn't agree more.
- 19:28Wait, wait. Before we go on Josh saying that
- 19:31people will be using wire bank wires, like just just for
- 19:35nostalgic reasons. It's like us pulling up a
- 19:37landline. Like Oh my God dude, telephones
- 19:39are connected to the wall. This is amazing.
- 19:42Well, and so he people look back like, you know, you there's
- 19:45stuff on social media every once in a while people will be like,
- 19:47oh, this is a really cool thing they used to have.
- 19:49I think it's mainly a joke. At the same time, you can look
- 19:52back at the past and say, oh, that was really cool.
- 19:54Like, I wish we could go back and have some retro vibes.
- 19:57But at the same time, it's good to remember there's a reason we
- 20:01moved past old technology and moved on to new things,
- 20:06especially if it's what the market demanded.
- 20:08You know, you could say central banking is not necessarily
- 20:10something that the market demanded.
- 20:11We have it for now. But I think, I think that
- 20:14there's just going to be a lot of really cool stuff that's
- 20:16built in the future. And people might go back to the
- 20:18old ways just for fun, for a little little time, but they'll
- 20:21always go back to the newer and. Better tech.
- 20:23It's like, yo, what are you doing this weekend?
- 20:24I'm going to send a wire bro. OK.
- 20:28Last last time I was at the bank to send a wire transfer, I asked
- 20:31the guy if he ever thought about using Bitcoin.
- 20:34Whatever else, you know, like your thought about incorporating
- 20:36Bitcoin into banking or like looking at it for collateral for
- 20:39a loan. And the way that he looked at me
- 20:42and responded to me, I knew he was just thinking this, this
- 20:45poor idiot. You know, he doesn't know what
- 20:47he's talking about. And in that moment I was like,
- 20:49either he's really wrong or I'm really wrong.
- 20:52But those two perspectives? Not necessarily the two people.
- 20:54But those two perspectives can't coexist in the long term.
- 20:58Yeah, And and that's a really good observation and I'm glad
- 21:01that you brought that up, 'cause I remember the first couple
- 21:03years in Bitcoin, I would bring it up to everyone, anyone that I
- 21:08thought had some type of financial authority.
- 21:10So like friends of mine that worked in, you know, it's for
- 21:14for wealth management, banks and all that stuff, you know, going
- 21:18to my local bank, right. And go in there and be like,
- 21:21what do you think of Bitcoin? And the the reactions are always
- 21:24different, right? Some, some people are like, I
- 21:26love Bitcoin and then some people are like, no, I didn't
- 21:29say the government is going to ban it or something like.
- 21:32But Long story short, the TLDR is that in my you know, I I
- 21:37don't do this anymore. But in my six or five years of
- 21:40doing 5 to 6 years of doing this, I never ran into one
- 21:44person that gave me a good reason as to why Bitcoin was a
- 21:49bad idea or as to why this thing wouldn't work.
- 21:51It was always like like repeating the rhetoric that they
- 21:55saw and heard on TV or just the like the same old BS kind of
- 22:03talking points. Or I could just tell that they
- 22:05don't understand what's happening, but it was never cuz
- 22:07they actually gave me a good reason.
- 22:10So that's just that's interesting.
- 22:12I mean, like, it's very simple. Like if you use Bitcoin and then
- 22:17you go to a bank, you're like, wait, which one is easier to
- 22:20use? It's just like it's Bitcoin.
- 22:23It's very obvious that it's way easier once you actually
- 22:25experience it. Bitcoin is so much simpler than
- 22:30going to it. Like you don't even have to
- 22:31leave your house to move your money.
- 22:32Like who doesn't want to not go to a bank and move your money
- 22:35around it. It's so much simpler.
- 22:37It's actually amazing that people think it's complicated.
- 22:40I'm not really convinced that like what we have to do, the
- 22:42hurdles we have to go through at banks, like we don't even need
- 22:45those. But it's just they've been able
- 22:46to make it as difficult as they want and have as many standards
- 22:50as they want. I'll be interested to see if
- 22:52there's as Bitcoin becomes more competitive as as the the
- 22:55banking world sees Bitcoin as more of a competitor, if they
- 22:58begin to make things a little bit easier to try to compete
- 23:01with Bitcoin. You know, I think that we all
- 23:03know that any anyone or anything that tries to go head to head
- 23:05with Bitcoin doesn't tend to win out.
- 23:08But it'll be interesting to see if banks try to to improve the
- 23:11user experience over time as they get a little scared.
- 23:14Like a little more scared than they already are.
- 23:16Well, Josh, don't, don't, don't forget they're trying to roll
- 23:18out the Fed now. So they they're already working
- 23:21on it. Yeah, that's a that's a a shade
- 23:24of a shade of Bitcoin. You're here for digital
- 23:26payments. Your digital payments need to be
- 23:28better people. More efficient digital payments,
- 23:31bro. This is not about Bitcoin.
- 23:33Anyways, guys. If you guys are enjoying the
- 23:35show, make sure to smash that like button.
- 23:38If you're listening to us on YouTube, if you're listening to
- 23:40us on Rumble, if you're listening to us on Twitter or X,
- 23:43make sure to smash. That like button really helps
- 23:45with the algos. And yeah, let's let's get to the
- 23:48news. Ladies and gentlemen, we have a
- 23:50lot to talk about today. Let's check it out.
- 23:52Here we go. I want to give a shout out to
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- 24:54The Daily News. I wanna give a shout out to our
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- 25:52more. All right, ladies and gentlemen,
- 25:55we are going to cover this topic.
- 25:58So yeah, let's talk about the space cat and let's talk about
- 26:03what's going on. So of course, we all know Craig
- 26:06Wright. He sued multiple people for
- 26:10essentially calling him fake Satoshi.
- 26:13And you know, Hodelnot and Peter McCormack had to spend a lot of
- 26:17their own money, a lot. The Bitcoin community supported
- 26:20them. But it seems like, you know it,
- 26:23it seems like there is a, there's a, there's a final
- 26:25conclusion to this. So we're going to get to the
- 26:29space cat in a little bit. But Peter McCormack also sued by
- 26:34Craig Wright. And here's the thing about the
- 26:36UK and a lot of these jurisdictions is it does, It's
- 26:40not like the US, right? In the US, it's very difficult
- 26:43to sue someone else because of their speech.
- 26:45But the UK specifically is notorious for their libel law,
- 26:49to the point that the Obama administration actually had to
- 26:51pass a law to protect American citizens from that law, right.
- 26:57So Craig Wright used the UK system to go after anyone that
- 27:03said that he was fake Satoshi, one of them being Peter
- 27:08McCormack, one of them being the space cat Hoddle.
- 27:10Not so. That whole saga lasted at least
- 27:14a couple. I mean, it was a very long, I
- 27:16mean, look, five years of hell specifically.
- 27:19And I remember when it started and shout out to Peter McCormack
- 27:22for holding it through, but it seems like it's all done now.
- 27:25Seems like it's over. So this is what McCormack said.
- 27:28He says. My lawyers have just confirmed
- 27:30that Craig Wright has had his final appeal denied by the
- 27:34Supreme Court. It is over.
- 27:36I won. Welcome to law, Mother Effer.
- 27:38Permission to appeal was refused by three Supreme Court justices.
- 27:42Lord Briggs, Lady Rose, Lord Richards, on grounds the appeal
- 27:46did not raise an arguable question of law.
- 27:49This is the end of the line for Wright's substantive claim
- 27:52against me. Five years of hell over a small
- 27:55amount of hell to deal with on cost.
- 27:57Still, but we did it. I have so many people to thank,
- 28:00my lawyers, my brother, hot or not, and all the people who
- 28:02reached out with support, the people who helped with some of
- 28:06the cost. You know who you are.
- 28:07And now we turn to our brothers, Hot or not, Cobra, Bitcoin and
- 28:11the businesses and developers still under attack.
- 28:13No mercy. Let's finish them.
- 28:16Absolutely, absolutely. Hit the nail on the head.
- 28:20And here is hot or not. And he said, and there is this.
- 28:23And there is the settlement offer.
- 28:25Curious timing that it would come just after the latest bunch
- 28:28batch of evidence was dismantled.
- 28:30PS there is no way Copa will accept this.
- 28:33It's ridiculous. And yeah, Copa did not accept
- 28:36the quote UN quote settlement and their reasonings were
- 28:41actually pretty good. So let me pull that up in a
- 28:43second. This is quite entertaining to
- 28:48read. Wow.
- 28:51Nico's not only low energy, but he's unprepared for today's Show
- 28:55I. Can't find it.
- 29:00I tell you what you can see the the passion from Peter coming
- 29:02through and that I saw that earlier today and I feel bad for
- 29:06him. He's really gone through a lot
- 29:07and I guess I've seen more of his than huddle knots, but it's
- 29:11great that it's starting to come to an, yeah, I mean, final
- 29:14close, right? It just took a very long time.
- 29:17But yeah, it's finally coming full circle, which I think is a
- 29:20good thing. Here's COPPA and it says hard
- 29:23pass on that quote settlement, just like Craig Wright forges
- 29:26documents and doesn't quite tell the truth.
- 29:29His description of the settlement offer isn't quite
- 29:31accurate either. It comes with loopholes that
- 29:34would allow him to sue people all over again, right.
- 29:38So I mean, is this the conclusion, this is it over?
- 29:43I don't know. But you know, I, I, I, I, I
- 29:46don't know. I don't know what?
- 29:47I don't know. What I got to say, dude, about
- 29:49this whole saga, like when it was happening, I personally, I
- 29:53don't believe Craig Wright is Satoshi.
- 29:55All he had to do is just sign an address that he quote, UN quote,
- 29:59you know, that people know that belonged to Satoshi and he could
- 30:02have signed it and proven that he had those keys.
- 30:06Therefore, there's a high probability that he was Satoshi
- 30:09and he and he didn't. He never did.
- 30:12He had the opportunity to. There was multiple judges in
- 30:16multiple jurisdictions, 2 in Europe and one in the United
- 30:20States, that the three of them not simply Bitcoin but those
- 30:23judges called him a liar, essentially that he
- 30:26misrepresented the data. And then not to mention the fact
- 30:30that how anti Bitcoin is that behavior where you're
- 30:34essentially trying to silence someone else's speech because
- 30:37they disagree with you and you're trying to tell me that is
- 30:40Satoshi Nakamoto, that is so anti Bitcoin.
- 30:44That is like the opposite of what Bitcoin represents.
- 30:46So it's multiple reasons why I don't believe he is Satoshi and
- 30:50and I think that he used, you know, his business partnerships
- 30:54and his relationships to kind of try to bully certain
- 30:58influential, influential bitcoiners into silence, which
- 31:01is just total bullshit. I'm glad that it had a great
- 31:05resolution, but it took five years, you know, five years.
- 31:09It's a big percentage of your lifetime fighting this.
- 31:12So I think, you know, you know it 50 years from now, you won't
- 31:16regret that you did this. I think it's like, you know,
- 31:18it's part of part of Bitcoin's history and all that.
- 31:21But I'm sure that it wasn't uncomfortable.
- 31:23I'm sure that it was very uncomfortable to go through.
- 31:26And there was points where Peter even said that this almost
- 31:28brought me on the verge of bankruptcy, right.
- 31:31You know, I had to spend a lot of money just to deal with this.
- 31:34And you know, Peter has a pretty successful podcast.
- 31:37He's in that position where you know, he might have that income
- 31:40to necessarily to pay those legal bills.
- 31:43But imagine if you didn't have that, like imagine if you didn't
- 31:46have that wealth. Imagine if you didn't have that
- 31:48situation he could have silenced you into, He could have, you
- 31:52know, like essentially forced you into silence, which I think
- 31:55is crazy, you know that that that mechanism is still exist in
- 31:59today's world. Anyways, Opti, what's your take
- 32:01on this? Yeah, well to be honest, like I
- 32:05am kind of surprised that this has been dragged out for so long
- 32:08and I'm, I'm glad that we can finally like close this chapter
- 32:11and put it behind us. As you know, quote UN quote
- 32:13community it. It is really amazing that Craig
- 32:18Wright has been able to run this affinity scam for this long and
- 32:22and actually like dupe a lot of people into believing he is
- 32:25Satoshi and then the like BSV cult out there.
- 32:28It's absolutely amazing that people still believe that he's
- 32:31Satoshi after everything that's came out and like we can fill up
- 32:35a whole show probably of just all of the things that prove he
- 32:39isn't. But you know people people
- 32:41really do want a saviour. And personally what's this
- 32:44saying? I forget who said it first but
- 32:46like if you see Satoshi on the road, kill him as like the play
- 32:48on the Buddhist meme. I I just, I don't think it
- 32:52really matters and I don't understand why someone would
- 32:54want to come out as Satoshi. Like it's, you know, Satoshi
- 32:58left for a reason and it was when what Gavin went to speak
- 33:03about Bitcoin at the CIA, like you would not want to come out
- 33:05as Satoshi. And it really makes you wonder
- 33:07why his what his incentives are to do this.
- 33:11I mean, most people would just say he's like a narcissist, but
- 33:13to get? People to buy BSV.
- 33:15Yeah, of course. You know, of course, like
- 33:18Satoshi's vision, Bitcoin Satoshi's vision like.
- 33:20You know. It's in the name.
- 33:22Shouts out to the space Cat and Peter and and even Cobra
- 33:26everyone that had to deal with this because it really if this
- 33:30if this attack worked it would really set a a terrible
- 33:34precedent for the Bitcoin community in general.
- 33:37And like the fact that bit you know you we there's a lot of
- 33:40contention on bitcoin.org. But like the fact that they
- 33:43can't put the white paper on that website or you can't even
- 33:46put the white paper in the UK right now and host it on your
- 33:48website like it's absolutely crazy that we have gotten to
- 33:51this point. So hopefully we can finally
- 33:53close this chapter and this story and moving forward.
- 33:57No one would ever make the mistake of trying to come out as
- 33:59Satoshi. Just it just makes no like
- 34:02there's there's no no sense to this unless it is to affinity
- 34:06scam with your own shit coin. So hopefully this chapter can
- 34:10finally close, but we'll see what happens anyways.
- 34:13Josh what's up? Yeah, I don't have a whole lot
- 34:16to add here. It's like I'm pretty sure I saw
- 34:18something in the past about some BSV Ers kind of distancing
- 34:21themselves from Craig Wright. If so, that's great.
- 34:24I just don't pay attention to it.
- 34:26I have paid attention to some of the legal issues.
- 34:29One thing that I think I would I would rather after all of this
- 34:33is like having to experience something in the United States
- 34:36as opposed to the United Kingdom or or other places.
- 34:38It seems like their legal system is so different and probably a
- 34:42lot harder to defend yourself in.
- 34:43So yeah, I I don't have a whole lot of other things to add
- 34:47besides that, but it will be. I feel like people care less and
- 34:50less about who's Satoshi Nakamoto is.
- 34:51Maybe. As more people.
- 34:53It doesn't matter. I'm wondering, I'm wondering if
- 34:56it changes as more people kind of come into Bitcoin 'cause I
- 34:59think anyone who comes in this, like they ask that question at
- 35:01first, right? I I think it like the more the
- 35:05the more Bitcoin gets bigger, the more I hope Satoshi never
- 35:09comes back because I think human beings have a tendency to like
- 35:14put like the fact that Bitcoin's beginnings are so mythological
- 35:21really play into the story of Bitcoin's creation.
- 35:25I think that once you put a human being behind it, I think
- 35:29it it kind of tarnishes the image a little bit.
- 35:32It it affects it right? It it puts a mortal behind what
- 35:35is happening, right? But I think that if you separate
- 35:38the two and it's just this anonymous name, no one knows
- 35:41what the fuck he looks like, you know, it's I guess it's
- 35:44Japanese, you know, no one can really fucking explain it.
- 35:49It like adds to the mystery of it.
- 35:51And I would say that's very, very unique to Bitcoin because
- 35:53every other shit coin, every other, all coin, the founder is
- 35:57still in the picture and you know who created it and they got
- 36:00a pre, mine, etcetera, etcetera, etcetera.
- 36:03Satoshi disappeared. And that was like, if not the
- 36:06most important thing he did, or the second most important thing
- 36:09he did behind creating Bitcoin itself.
- 36:11We're discovering Bitcoin depending on if you ask.
- 36:13If they don't have it out yet, you know History Channel's going
- 36:15to come out with a banger at that point on Satoshi Nakamoto
- 36:17is, and it's going to be an alien.
- 36:21Well well to to Josh's point though Niko.
- 36:23To Josh's point though, like it is very interesting that new
- 36:26entrants that coming to Bitcoin, like it's always that's like one
- 36:30of their earliest questions like who is Satoshi?
- 36:33And then when you tell them like, Oh, no one knows.
- 36:35It's it surprises me that people get scared of like, oh wait, we
- 36:38don't know the creators. And we're like, no, like, that's
- 36:41a good thing because you can't go to a certain person to shut
- 36:44down this whole thing. But it's very interesting when
- 36:47you get into just like a new Coiners and like mindset of
- 36:52getting into Bitcoin. They're like, wait, we don't
- 36:53know who created this. Maybe, maybe it's like the NSA
- 36:57or something. It's like they created the
- 36:59Internet, bro. Like you still use it and you
- 37:00don't care. Like, it doesn't matter who
- 37:02created Bitcoin. And I think like I said,
- 37:05hopefully moving forward we can continue to just like beat that
- 37:08in people's heads metaphorically that like it doesn't matter
- 37:11matter who created Bitcoin. It is a network and it runs and
- 37:14you can verify the code for yourself and and run a node for
- 37:17yourself and and just follow the rules and it doesn't matter who
- 37:20created this. A hundred 100%.
- 37:23Well, matters are the the someone said it in the chat.
- 37:26Satoshi doesn't matter. The ideas and principles of
- 37:29Bitcoin matter. I 100% agree with that statement
- 37:31and other news to kind of wrap up the Newsweek this week
- 37:34because we had a lot of stuff. It's a great Newsweek, great
- 37:37news cycle week. So Swan Bitcoin launches, Swan
- 37:41mining out of stealth mode, goes on to say this is part of the
- 37:46announcement on X. We've been working hard on a big
- 37:49opportunity that came our way last year and today we're
- 37:52excited to bring our mining operation out of stealth mode.
- 37:55Swan mining began operations in summer 2023, currently operates
- 38:00at 4.5 XA hash with deployment expected to exceed 8 XA hash by
- 38:04March. Over 750 Bitcoin mine to date,
- 38:09Swan Mining developed and deployed at warp speed.
- 38:11Our understanding is that this is the fastest ever initial
- 38:14development of hash rate at the scale in Bitcoin history, said
- 38:18Hoffa Zaghuri, a chief investor, chief investment officer at Swan
- 38:22and head of Swan Mining. Quote.
- 38:23SWAN expanded dramatically over the past year, doubling team
- 38:27size and growing revenue to more than 125 million annualized.
- 38:31The company intends to raise its Series C financing in the in the
- 38:35next in the coming months with uses of capital equally split
- 38:39between financial services, mining and acquisitions was
- 38:43stated in the press release. Swan founder and CEO Corey
- 38:46Clipson also said that quote the company is actively working to
- 38:50achieve a public listing within the next 12 months.
- 38:54So I mean this is crazy. I think I saw the some of the
- 38:58right here it says it on the top.
- 38:59We're mining at 4.5 XA hashes, cloning it, closing in, closing
- 39:03in on 1% of the network with equipment in hand to ramp it up
- 39:08to 8X hashes. So I mean huge announcement from
- 39:11Swan, a lot of people are kind of wondering where you know
- 39:16where this money came from. I saw, I saw it on Rabbit Hole
- 39:20recap and I saw some of of Bitcoin Twitter speculating that
- 39:24maybe it came from tether, I don't know.
- 39:26I'm sure we'll kind of find out over the next couple months more
- 39:29details as this comes out and but pretty big win for Swan and
- 39:34you know 1% of the network, I think that's that's a big
- 39:37accomplishment. But I think a lot of people
- 39:39still have certain questions about the operation, not to
- 39:42mention the fact that they pulled this, I mean Hoffa really
- 39:47addressed this, but they pulled this off very, very quickly.
- 39:50It's not so easy to deploy miners very, very quickly.
- 39:53So, but I'm sure like I said, they're going to answer a lot of
- 39:56these questions are going to be answered in the next couple of
- 39:58months as more information becomes public.
- 40:01So anyways, Opti, did this surprise you at all?
- 40:04Yeah, I mean like coming out of stealth mode with that much hash
- 40:09power is absolutely incredible. And the and the fact that
- 40:12they're going for 1% of total hash, like that's that's huge.
- 40:15So you know, me personally, I don't ever root against Bitcoin
- 40:19only companies. And you know, I I wish Swan the
- 40:22best. But like coming out of stealth
- 40:25mode with that much hash power and then claiming they're going
- 40:28to get even more like basically doubling their hash power by
- 40:31what like the end of this year something like absolutely crazy
- 40:34crazy stuff happening over there.
- 40:36So again you know I'm just I'm reading the news like everyone
- 40:39else is like oh snap you know four point what was it 4.5 XA
- 40:43hash is released like out of nowhere and and just the amount
- 40:47of I don't know work and capital it must have took to deploy that
- 40:52that much hash power is just it's crazy and then come out of
- 40:56stealth mode right now and and then kind of wanting to acquire
- 40:59more it's like wow they're they're building something huge
- 41:03over there and it's it's going to be incredible to watch moving
- 41:05forward. Well, I think I saw that, Corey
- 41:07said. Is that 4.75 now?
- 41:09So wow, that's pretty cool. Now I I don't know their numbers
- 41:13and I don't think that they've shared them, but it'll be
- 41:15interesting to see how they they deal with this going into the
- 41:18halving. It's not an easy time for
- 41:20minors. And so I guess you know, they've
- 41:22been going at it for a while now.
- 41:23They've just publicly disclosed it.
- 41:25But it'll be interesting to see what happens with the halving
- 41:28and how effective of a business this is for them or at least an
- 41:31arm of their business going into April, May, June.
- 41:34You know, I guess in the near future, as the price will likely
- 41:39appreciate, it won't be as tough.
- 41:41But I know right around the halving can be really difficult
- 41:43for a lot of minors a. 100% and. And well the one question I have
- 41:47are they using ocean? As their pool or what's doing
- 41:50now. So we're just recently reading
- 41:53the press release. We know as much as everyone else
- 41:57that press release is. I tried to do as much research
- 42:00as possible in terms of the reaction from the community and
- 42:03the general consensus was like like where they raise that
- 42:07money. Some people were speculating
- 42:09that it came from Tether. Magoo was like basically putting
- 42:12these things, basically saying that Tether was that he was like
- 42:16connecting the dots between a Tether press release months ago
- 42:19and the the Swan press release. But again, that's all
- 42:21speculation. We don't know anything for
- 42:23certain, but I'm sure that more details will come to light as
- 42:28the days goes on. But I mean you know if you take
- 42:31the press release at press value, this is a big win for
- 42:34Swan. You know, a lot of hash, right?
- 42:36And again, you want Bitcoin companies to succeed like you
- 42:39want more hash rate coming online that that is, these are
- 42:42all things that are good for Bitcoin, right.
- 42:44So but yeah, like I said all the I'm sure a lot of this stuff
- 42:48will be covered and we'll we'll give you guys an update once we
- 42:51wait. Let's read this comments Justin
- 42:54Bolvin goes crazy how a Bitcoin company is so efficient.
- 42:57It's almost like Bitcoin is working and the Bitcoin
- 43:00incentives are pure. Exactly, exactly.
- 43:03Anyways, I do want to give a shout out to our sponsor,
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- 44:23All right everybody, let's hit the culture.
- 44:24We have a lot to talk about. The Daily Culture.
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- 44:54All right, let's go, Josh. So again, maybe just start with
- 44:58what slices again and then we'll get into some of this nitty
- 45:00gritty and expose our audience to why they might want to add
- 45:04slice to their browser. Sure.
- 45:07So the basic idea for Slice is that you know when you're
- 45:11browsing online, you're being advertised to all the time.
- 45:14Or you block ads. You know, 40% of the Internet
- 45:16uses an ad blocker. I'm one of that 40% and Slice
- 45:20basically comes in and says, hey, if we share our revenue
- 45:23with you, would you be interested in seeing ads.
- 45:26So Slice has really been grown across 2023 into 2024.
- 45:30We have 550,000 downloads as of a couple days ago and anytime.
- 45:35Well, once you install the it's a Chrome extension.
- 45:37You can get it on other browsers as well, but once you install
- 45:41it, you'll start seeing ads from Slice and every time you see an
- 45:44ad, you're going to get what we call a slice, which I will say
- 45:47is not a token. It's just kind of the way we
- 45:49denominate how much you have on using slice.
- 45:55But each each slice is 1/10 of a penny and you can either take
- 46:00that whenever you're ready, get the payout in USD or in Bitcoin.
- 46:04And 75 to 80% of people prefer SAT's, which is pretty cool.
- 46:10You know, talking about Bitcoin evangelism and trying to reach
- 46:1310 million people. I think that this is a great
- 46:16tool across the next couple of years especially to encourage
- 46:21people to get Bitcoin. It's one of those things where
- 46:24they haven't paid for necessarily, but whenever it
- 46:26comes time to cash out the slices, they see that they can
- 46:30either get a 4% cut if they want dollars via PayPal or using the
- 46:34Lightning Network, they can get Bitcoin and they don't lose any
- 46:38of their money to fees. So it's a pretty cool thing.
- 46:41I will also say if you're a business and you want to run
- 46:44ads, this is as far as I know, the only way across all of the
- 46:48advertising industry to actually be able to advertise to people
- 46:53with ad blockers. Because people have said hey, I
- 46:56have an ad blocker, but I'm happy to see ads if I'm getting
- 46:59paid. Interesting.
- 47:02All right, so just to be clear, like where is the ad money
- 47:04coming from? Is like Google ads like.
- 47:07Yeah, so, so right now we're we're partnered with you know
- 47:10there's a company like Tabula, they they send ads and we'll
- 47:14show those ads. But what I was brought on to the
- 47:17team to do is develop relationships with Bitcoin
- 47:20companies. That's who I'm reaching out to
- 47:22right now. But eventually like direct to
- 47:23consumer companies, all these other companies and they would
- 47:27pay us for ads and whenever we get that money when someone sees
- 47:29it and then we just split the ad revenue 5050 with the user.
- 47:33Now Roman asked a great question Sound, he says sounds like a
- 47:36token. Why not just denominate it in
- 47:38SAT's? Well it's not a token because
- 47:40you can't really trade it. It's just a way that the it's
- 47:43denominated as a bitcoiner. I wish it was denominated in
- 47:47Bitcoin, but the prize appreciation can really I guess
- 47:51catch people off guard potentially.
- 47:53So unless we kept all of our ad revenue in Bitcoin that would
- 47:59that could really mess this up, especially across the next
- 48:01couple of years. But yeah, it's the Brave browser
- 48:04is one of those things that they have their attention token or
- 48:07whatever it's called, essentially slices like Brave,
- 48:10but we're browser agnostic and instead of getting a scam token
- 48:15that you're never going to use, you can get stats.
- 48:19So that's I'm really excited about the opportunity to orange
- 48:22peel a bunch of people as they say, hey, I'm ready to cash out
- 48:25and see that they can save some money if they go into Bitcoin.
- 48:29Love it. And we had a question here and
- 48:31I'll pull up the numbers here. So what kind of revenue we
- 48:33talking here? Let's incentivize the users out
- 48:36there. So if if I do my job well, the
- 48:39users are going to be making more money.
- 48:42I I've, I've been using it across the last, you know, I
- 48:44think I said like 6-7, eight, eight months.
- 48:47I think it was last fall I was talking to Mike Jarmus and he
- 48:51told me about it. I downloaded it.
- 48:53I just cashed out recently and got like 16,000 SAT's.
- 48:57So it's one of those things you're not going to make a lot
- 48:59of money. It's it's a small way to thank
- 49:03you for your attention, but as I create more relationships with
- 49:08businesses, then we actually get more money from that direct
- 49:11relationship because we're not working with the middleman and
- 49:15so users are going to be making more money as I succeed in my
- 49:19part of the job. Love it.
- 49:21I mean, it kind of like goes to show that it's just like free
- 49:24money on the table. Like it's just there and you're
- 49:27now you get paid for it. And if you prefer, if you prefer
- 49:30privacy, like if you want to use your ad blocker, go for it.
- 49:34Once I found out about Slice before joining the company, I
- 49:37thought to myself, if I can get some Sats for seeing some ads,
- 49:40I'm happy to do it. So it's one of those things that
- 49:43if if if you want to keep your privacy and you want to keep on
- 49:45using your ad blocker and never see ads, Nope, no shame in that.
- 49:49But if you want to make a little bit of money slices your
- 49:52opportunity. Yeah, I love it.
- 49:54I I was going to ask you that. Like our audience is generally
- 49:58privacy concerned. So what?
- 50:00What are the privacy implications here?
- 50:02Yeah. So if you go to this, one of
- 50:04those things that would be probably pretty boring to talk
- 50:07about, we're going to treat you. Obviously we have to, you know,
- 50:12have some some data to show you ads, but we don't have like
- 50:16cookie tracking or anything like that.
- 50:18We use your IP and if you want to really kind of get into the
- 50:21nitty gritty of what what it means to use slice, we have ad
- 50:26slice.com/transparency. That page is going to be not the
- 50:31mumbo jumbo, but some pretty straightforward things connected
- 50:35to targeting identifiers, activity, location, all these
- 50:38things. So if you wanted to read up on
- 50:40that adslice.com/transparency is going to be the best place to do
- 50:45that. I feel like talking talking
- 50:47through every single one of these might be a little
- 50:49laborious, but we try to be pretty upfront with people like
- 50:52you have to have some data to advertise.
- 50:54But I Google's a black box and question is do you want if if
- 51:00you're going to be seeing ads, do you want Google or do you
- 51:02want slice? And for me, I've decided slice.
- 51:06Love it. Love it.
- 51:07OK, next next topic. You are also a content creator.
- 51:11Why would content creators want to add slice?
- 51:16Well so the the creator thing right now is just for Twitch.
- 51:19I think something like Simply Bitcoin will be great once we
- 51:21add YouTube. But basically for creators, we
- 51:26we've partnered with creators once again over on Twitch, and
- 51:29if they're a slice creator, every listener of theirs or
- 51:35every, you know, subscriber, whatever else that that is a
- 51:39user of slice whenever they're watching, for instance.
- 51:42Simply, simply Bitcoin. Simply Bitcoin gets slices half
- 51:46the revenue. So remember, like slice splits
- 51:49revenue with the user 5050. But Slice, the company says,
- 51:53hey, simply Bitcoin. If you're going to be promoting
- 51:55us to your audience, we're going to give you our half of the
- 51:58revenue when someone's watching your channel.
- 52:02OK, yeah, we we do have a twitch, so no one knows we have
- 52:04a twitch. We have one person over on
- 52:07Twitch right now, shouts out to the Twitch person.
- 52:09But yeah, no one knows we're on Twitch.
- 52:11So, so if if you're if you wanted to try it out with your
- 52:14with your 1 user and you convince them to actually use
- 52:18slice, and every time they're seeing an ad, you're going to
- 52:20get slices 50%, we figure it's a great way to get in front of new
- 52:24audiences and also to be able to give back to the creator.
- 52:27Is it KYC? Do you have to put in your ID to
- 52:30start receiving SATS? So you have to you have to sign
- 52:33up for slice like the the extension, but it's just an L
- 52:37and URL so it just pops up and you you know, scan the QR code
- 52:42and you got sats. OK, all right, so it's no KYC or
- 52:46nothing. You just gotta put in your
- 52:47e-mail and like make an account and all that stuff.
- 52:50Yeah, yeah. So it's like a go to the Chrome
- 52:52Extension store. Look up slice.
- 52:53There's also a Slice tab, which is a separate extension because
- 52:56of some technical things I'm not well versed in.
- 52:59But every time you open up a new tab, you see an ad and you get
- 53:03some slices for that as well. So it's kind of a nice little
- 53:06thing to get some extra money. Now there's also tracks, you
- 53:09know, people, we're tracking people's activity to where if
- 53:12you're just like sitting there opening tabs all day, then
- 53:15you're going to get a shadow ban.
- 53:16But that's it's it's kind of a nice little thing and eventually
- 53:19just like what what they do on Brave, we want to have like an
- 53:21entire page that's an ad for you know, whatever company like, you
- 53:26know, Swan River, any any of these types of companies.
- 53:28I think it'd be super cool to be able to just have like an entire
- 53:31ad that encourages people to get on a Bitcoin only exchange.
- 53:35Because when I came to Bitcoin in 2021 it was through skip the
- 53:39crypto stuff all together. I I had great Bitcoin only,
- 53:42Bitcoin only education and explanation from the beginning
- 53:45and I went and bought Bitcoin from a Bitcoin only platform.
- 53:48So the more I can do that and the more I can help people do
- 53:50that, the better. Yeah, I love it.
- 53:52Love it, dude. Shouts out to our one Twitch
- 53:55streamer. Maybe you want to add slice?
- 53:57We appreciate it. All right, Josh, let's let's do
- 54:02a little pivot before we get into the meme review, guys,
- 54:04because I did bring a meme in. It's Friday.
- 54:07You, you are a content creator and you are working on some
- 54:10other stuff. So let's plug that What's a
- 54:13business? Bitcoin Ization is Your Pod or
- 54:17What's That podcast? Yep, yeah, Podcast.
- 54:20And I just actually came out with an episode with the guys
- 54:22from the Bitcoin Film Fest today.
- 54:23So if you want to check that out, it's pretty cool.
- 54:25They're, you know, getting together.
- 54:26The next Bitcoin Film Fest is going to happen during the
- 54:28European having party, but business bitcoinization.
- 54:30Check it out on Fountain. I saw Torp huddle earlier
- 54:33commenting. He's a listener.
- 54:34He supports on Fountain sometimes.
- 54:36So thank you Torp, for that. Yeah.
- 54:38Basically when I came into the Bitcoin space, the ecosystem, I
- 54:42was looking around. I've been podcasting for a
- 54:44couple of years and I was just trying to see how I could kind
- 54:48of contribute something unique and no one was talking about
- 54:51business. And so I started the business
- 54:53Bitcoinization podcast and I interviewed different business
- 54:56owners or or people who have products and services in the
- 55:00Bitcoin space that can help business owners and just have
- 55:03released 91 episodes as of today and no plans to stop anytime
- 55:08soon. So check it out.
- 55:09It'd be great to have some some listeners from the show if
- 55:12that's kind of up your alley. Let's go and and just like quick
- 55:15question, how has been the response from small business
- 55:19owners in regards to Bitcoin like do you go one-on-one and
- 55:23talk to like business owners or just the podcast?
- 55:26Yeah. So a lot of people change the
- 55:28subject, change the subject pretty quickly whenever I hang
- 55:31it up. But like I said so I actually I
- 55:32was saying this offline. So I'll go ahead and say it.
- 55:34Now we have the I'm, I'm based in the Jackson, Ms. area and we
- 55:38have a Bitcoin meet up. We're planning a having party
- 55:40ourselves and place we meet is called Belhaven Town Center and
- 55:45the initials for that are BTC. The guy who is kind of behind
- 55:49that development project is himself a bitcoiner.
- 55:52And so we've been trying to talk through how to, in the most
- 55:56attractive and natural way, begin introducing Bitcoin to
- 55:59these business owners. And one thing I've kind of come
- 56:02to recently is that you can't convince someone.
- 56:05Well, you can, but like it's hard to convince someone to
- 56:08accept Bitcoin. What you need to do is help them
- 56:11to see the value of Bitcoin so that they'll become a bitcoiner.
- 56:13Once they're a bitcoiner, they're gonna start saying, hey,
- 56:15how can I get some more sats? And then that's when they start
- 56:18using the tools like their business to begin trying to get
- 56:21some more Bitcoin for themselves.
- 56:23Love it. Cool man.
- 56:24Don't agree more. OK, Last thing.
- 56:26Last thing, Nico. I'm gonna, I'm gonna add to what
- 56:29Opti was saying, which is like the, the this is like passive,
- 56:33right? So like, even if it doesn't give
- 56:34you too much money, like, it's just like it's something that
- 56:37you download it, you know, it does its thing, and then every
- 56:41once in a while you could just withdraw.
- 56:43And then you were saying, you know, like maybe it's like 5
- 56:45bucks a month now, but you know, if Bitcoin 10 XS when Bitcoin 10
- 56:49XS from here, that's actually 50 bucks, right?
- 56:52So you know, it's maybe it's not a lot of money, but you know
- 56:55it's it's money that you weren't going to get anyways and you
- 56:59don't have to, like, spend your time doing anything else.
- 57:02It's totally in the background. I was actually talking with
- 57:04someone the other day on one of their platforms and I was
- 57:08talking to her. She said I was telling her about
- 57:10slice and then she had forgotten that she even had it.
- 57:13She had been using it for a while and had just forgotten
- 57:15because it's in the background. Like when I open up a new tab, I
- 57:18see how many slices I have. That's because I have the the
- 57:21new tab feature as well. But yeah, you you have a lot of
- 57:24controls there too. So once you sign up, you'll see
- 57:25you can see more ads, less ads. Of course you know I want to see
- 57:28as many as possible so I can get as many Sats as possible, but
- 57:31you have some controls there there as well for yourself.
- 57:33Love it. We do have one question and I
- 57:35don't know if you can sneak release or anything, but will
- 57:38this be available for like Safari or anything more than
- 57:42Chrome or is it just going to be Chrome extensions?
- 57:44It's it's Chrome and Chrome based and apparently a lot of
- 57:47I'm getting out of my depth here, but a lot of browsers are
- 57:51somehow Chrome based. Also it should be on Firefox.
- 57:55We're doing some things there to make it a little faster and
- 57:57easier, but I don't know if for some reason we don't have with
- 58:01Safari. I'm sure there's a good reason
- 58:02for that. It may just be an Apple thing, I
- 58:06don't know, but unfortunately it's not available for Safari.
- 58:10Sounds like an Apple thing. They need their cut, bro.
- 58:12They need their cut. OK, last thing before we get
- 58:14into the memes, Josh, you do have another project that you
- 58:17said is just barely getting off the ground.
- 58:19So let's plug that and then we can get some laughs for Friday.
- 58:23Yeah. So the man behind this is Daniel
- 58:25Hershberger. He he's just starting up a
- 58:27nonprofit called Bitcoin is Better, which is focused on
- 58:31reintroducing Bitcoin to the working class.
- 58:33A lot of people have heard about Bitcoin but don't necessarily
- 58:35understand it or know about it. And So what we're trying to do
- 58:38is go to the working class especially and promote the
- 58:43peaceful adoption of a Bitcoin standard by 2040.
- 58:45So that's really what we're looking to do and we're actually
- 58:48going to be I think having I think are having party and
- 58:51Jackson is going to be one of the 1st events that's connected
- 58:53to Bitcoin is better. So just kind of getting out and
- 58:55about to the community and sharing with them about Bitcoin
- 58:58in a way that makes sense to them and is valuable to them.
- 59:01So it's bitcoinisbetter.org if you want to check that out, and
- 59:06I'm really excited about being able to help with Bitcoin
- 59:08adoption for the working class. Love it?
- 59:11Yeah, that's. Couldn't agree more.
- 59:13Couldn't agree more. All right.
- 59:15New question I've been asking all of our guests the put a bow
- 59:19on this What is your last advice to the audience out there?
- 59:23What's the last thing you want to leave the people with out
- 59:26there? Man, that's a great question, I
- 59:29would say. I mean, check out Slice.
- 59:30If you're a business owner, I would love to talk with you
- 59:33josh@adslice.com, but find ways where you can stack some Sats
- 59:38like I just see someone commenting here full Lolly
- 59:41Slice. All these places take advantage
- 59:43while you can because in the future, your generation, the
- 59:46future generations are going to think you're crazy for not
- 59:48taking advantage of these opportunities.
- 59:50So just, you know, stay humble, Stack Sats.
- 59:53I feel like that's kind of a good place to end it, and
- 59:54they're all these tools that you can incorporate into your life
- 59:57now that make it easier than ever.
- 59:59Love it. Everyone likes free money.
- 1:00:01Take the free money. Take money.
- 1:00:03Free money. All right, everybody, let's hit
- 1:00:05the meme review. We have a lot to We have a lot
- 1:00:07of memes to review. Let's check them out.
- 1:00:09I got the daily meme review all right guys.
- 1:00:22Yeah, I I I'm afraid of updating my Chrome browser over here.
- 1:00:25I don't want to update anything. Oh the Oh yeah, the weekly meme
- 1:00:29review. It's no longer the daily meme
- 1:00:31review. All right guys.
- 1:00:32You already know the deal. It is Friday and we got some
- 1:00:35memes for you guys. You guys have been yelling at me
- 1:00:37all week that you only come for the meme review which is Cap.
- 1:00:40It's big cap. Anyways.
- 1:00:43Tweets of the bullets, memes of the artillery.
- 1:00:45We are in an information war and it's upon you guys out there.
- 1:00:49The frontline soldiers to spread the signal ridicule the
- 1:00:52corporate press and of course make some funny So your friends
- 1:00:56head stay in the game. All right 1st meme is by our boy
- 1:01:01American Huddle AKA American Huddle 8 on Twitter.
- 1:01:05I guess it's his eighth account. Now we have this this bar here.
- 1:01:09You know it's it's from January to December and it's pointing at
- 1:01:13January and it goes you are here where SAT you currently huddle
- 1:01:17and then you have all year the opportunity to get more cheap
- 1:01:21stats before we hit all time high and the bull run and you
- 1:01:24can see in April we are going to have the halving so keep
- 1:01:28stacking it's going to be a great year I'm I'm kind of
- 1:01:32convinced he's kind of bearish on this one his all time high
- 1:01:34bull run going to be in December or earlier Nico I am I we'll see
- 1:01:38we'll see we'll see Anyways anyways next one is by Dan Webb
- 1:01:42AKA Heartland Bitcoin on Twitter and he goes we're at this stage
- 1:01:46of Bitcoin adoption and for for all you millennials and Gen.
- 1:01:51Xers and boomers out there remember when CD players became
- 1:01:55a thing and all your cars had tape tape decks in it.
- 1:01:59Well, this is Bitcoin parallels to the legacy financial system.
- 1:02:03You have your Panasonic CD player plugged into your tape,
- 1:02:11what audio adapter and this is what's going on.
- 1:02:15This literally sums up exactly what's going on in traditional
- 1:02:19finance. You know, we're talking about
- 1:02:20Jamie Dimon. We're seeing Elizabeth Warren
- 1:02:22come out against Bitcoin and then we see Gary Gensler approve
- 1:02:26a spot Bitcoin ETF. And I've been saying this for a
- 1:02:28while. What we're seeing right now is
- 1:02:30the traditional fun on system trying to integrate Bitcoin.
- 1:02:34But they can't they can't put what's it the square in the
- 1:02:38round peg and so they're going to have to reroute everything
- 1:02:42they're doing. This is a parallel system and
- 1:02:44and it's not, you know they're going to need CD players in
- 1:02:47their car. They're going to need aux cables
- 1:02:50to the financial system anyways. Next one is by Lena Siche and
- 1:02:53she goes trust the process and this week I don't think we
- 1:02:56really covered this this week, but FTX had to unload a lot of
- 1:03:00the G. BTCS.
- 1:03:02People are saying that maybe this is one of the reasons why
- 1:03:04the price is down and you can see FTX dumping Bitcoin.
- 1:03:07And we have a little hodler over here goes, Oh no, it's going to
- 1:03:10crash. And he's got an umbrella because
- 1:03:13the price is going down. And then he looks back up and
- 1:03:15he's like, wait, what's going on?
- 1:03:16How come the price didn't go? Absolutely.
- 1:03:18Why didn't it crater on us? Well, it's because we have Wall
- 1:03:21Street scooping up Bitcoin and we have Hodler scooping up
- 1:03:23Bitcoin and more Hodler scooping up Bitcoin and you guys out
- 1:03:26there stacking them sad. So This is why.
- 1:03:29OK, you know, we're back at, what are we 41K today?
- 1:03:32All right, next one. Shots at the sea door.
- 1:03:34Always hitting me in the DM saying they can't wait till one
- 1:03:37of their memes gets on. Simply Bitcoin Meme review.
- 1:03:40I'm pretty sure I've done one of yours in the past, bro, but here
- 1:03:43you go. OK, so we have.
- 1:03:45What is this iRobot? I forget, is iRobot?
- 1:03:48Will Smith and iRobot. All right, so he goes.
- 1:03:50Is Bitcoin really trustless for us?
- 1:03:52Greg Brains. And we have Will Smith.
- 1:03:55Here goes in regards to Bitcoin. It's open source.
- 1:03:58Everybody can check the code and then we have the robot and it
- 1:04:01goes can you. And then we have Will Smith.
- 1:04:03You know the teary like, yeah, is it really trustless when US
- 1:04:09Greg brains can't really verify the code And then you can see
- 1:04:12Luke Dash news. It's not that hard guys.
- 1:04:15Okay bro. All right, this next one is
- 1:04:18Walker America. I absolutely love this.
- 1:04:20This is such a good narrative, he goes.
- 1:04:23Twice as much Bitcoin is lost as is currently controlled by
- 1:04:27institutions and governments. Only a tiny fraction of the
- 1:04:30world owns Bitcoin and after the having in April, only 1.3125 /
- 1:04:3621 million Bitcoin will be left to be mined.
- 1:04:38It make it might make sense to get some just in case it catches
- 1:04:41on. And here's a visuals of you know
- 1:04:44all the Bitcoin in circulation. You have Satoshi's coin.
- 1:04:47You have all the individuals that have scooped up most of the
- 1:04:49Bitcoin. You have more lost Bitcoin than
- 1:04:52institutions and governments holding you have unmined
- 1:04:55Bitcoin. Man.
- 1:04:57It's really when you once you put in a visual it, it really
- 1:05:00goes to show just how distributed the Bitcoin is
- 1:05:04currently. And you know, and wait, didn't
- 1:05:07we see yesterday that apparently the US government is going to
- 1:05:10sell their Silk Road coins as well, So US government's going
- 1:05:15to have even less Bitcoin? God, just love to see it.
- 1:05:18Love to. See.
- 1:05:18It said that for a while. Am I am I missing out on
- 1:05:20something? I feel like they've sold it so
- 1:05:21many times. They've sold some over the
- 1:05:23years, but I think, I think they're going to.
- 1:05:25Sorry, hold on, I'm joking on my saliva over here.
- 1:05:30I think they're going to sell the remaining of their stash so
- 1:05:35we'll see what happens. Maybe This is why Bitcoin price
- 1:05:38is is cratering because they're selling it anyways.
- 1:05:41The next one is by G Money Pepe and he goes New resistance map
- 1:05:45to global Fiat tyranny just dropped.
- 1:05:47I stand with Bitcoin and the Fed and it is America fully covered
- 1:05:52and entrenched in Bitcoin. Crazy stuff going on in the
- 1:05:55world. Wait.
- 1:05:56You're against Bitcoin. You're against freedom.
- 1:05:58Now we are seeing everyone in the world needs some Bitcoin.
- 1:06:02If you are against Bitcoin, you are against freedom.
- 1:06:04If you do not like the trajectory of the world going
- 1:06:08straight into a dystopian tyranny, then you might want to
- 1:06:12get some Bitcoin. It it might might make sense.
- 1:06:14It might you know, it might protect you.
- 1:06:16I don't know. I'm just I I I'm just a biased
- 1:06:18bitcoiner. I think Bitcoin is freedom and
- 1:06:20you should own some. Anyways, guys, drop your meme
- 1:06:22review score in the chat while we cover ours live.
- 1:06:27And I just realized I I'm not prepared for my meme review
- 1:06:30score. So Nico meme review score.
- 1:06:33Why I get a meme review score? I'm going to give it a copy of
- 1:06:36Bitcoin Evangelism, Planting Seeds for the Decentralized
- 1:06:40Revolution. Scan the QR code on your screen
- 1:06:43right now. That's.
- 1:06:46Nice, nice. OK, Josh, your score.
- 1:06:50Actually, I'm going to give it a Brian de Mint.
- 1:06:52Just one Brian De Mint. One Brian De Mint Josh, what's
- 1:06:58your score? 21 million, I don't know the
- 1:07:00scoring. System That's the best score
- 1:07:03ever. Phenomenal score, Opti.
- 1:07:05What's? All right, mine.
- 1:07:07My score is I'm gonna give it this Lenscrafter receipt for
- 1:07:13when I got my new prescription. Wow.
- 1:07:16It's super good. Yeah, I'm gonna give it.
- 1:07:18I'm gonna give it clarity and vision here for the meme review
- 1:07:21score. Great.
- 1:07:23OK, all right, everybody, drop your meme scores in the live
- 1:07:27chat. I know we haven't done this in a
- 1:07:29while, Opti. Wait, Wait.
- 1:07:31Wait. Wait.
- 1:07:31Wait, Wait, wait, wait. Give him some time.
- 1:07:32Nico. Give him some time.
- 1:07:34Give him some time. You already know the deal.
- 1:07:35You already know the deal. We got to play the merch, bro.
- 1:07:40All right, tell all about the merch, bro.
- 1:07:42All right guys, We oh, oh, we have gotten the new merch.
- 1:07:48We, I think we just got some visuals.
- 1:07:50We have yet to fully secure the bag for you guys.
- 1:07:53But I think you guys are going to really like the new merch
- 1:07:56design. We have partnered with a Bitcoin
- 1:07:59artist. We got two designs.
- 1:08:02We got some hats for you guys. So Matthew, we got hats coming.
- 1:08:06I think we we probably have like 10 T-shirts left.
- 1:08:09I think we have like 1010 of these orange hoodies.
- 1:08:12We will be getting new designs soon.
- 1:08:14We will partner with some more Bitcoin artists to get you guys
- 1:08:17some epic designs but I think you guys are going to really
- 1:08:19like these new designs that we we got a we got a little edit
- 1:08:23from from our distributors chefs at the represent and man it
- 1:08:26looks super cool internally we're like yo these ones are
- 1:08:29lit. So again they are limited they
- 1:08:35they hopefully will go fast and you guys can Rep the merch so.
- 1:08:40So they're not just piling up at Nico's house right now, OK?
- 1:08:43Let's let's go through the meme scores.
- 1:08:46First one by Justin, some good orange volcano coffee for Nico.
- 1:08:52Yeah, Nico needs some coffee. Elaine scored.
- 1:08:55Not not goal. Guld in a cavern, In a cabin.
- 1:09:00In a In a cavern, In a cabin excavating for a mine.
- 1:09:04Bitcoin miners. Nothing's finer.
- 1:09:06Bitcoin freedom. Just in time.
- 1:09:10All right sat wise I give the memes 200K simply Bitcoin
- 1:09:14subscribers by the end of the year.
- 1:09:16Wine would be extremely happy. Wine gives it Nico, pronouncing
- 1:09:20Malay correctly 2 out of 1,000,000 times and.
- 1:09:25We got a 21, We got a 21. David.
- 1:09:28David Ford. Gives it 21.
- 1:09:30Wait, wait, wait, wait. We do have some over here on
- 1:09:33Rumble. So first one UT XL goes.
- 1:09:37I give the memes a cure for Opti's pneumonotrial microscopic
- 1:09:42lycovolcanic gnosis. OK, Narwhal tacos.
- 1:09:48My meme score is a + 42 K Fiat price level.
- 1:09:51It's cringe, I know, but here it is.
- 1:09:53OK, OK, we did it. We did it.
- 1:09:58Meme review. Score on Fridays.
- 1:10:00Meme review on Fridays. We're back.
- 1:10:03You guys can't yell at me anyway.
- 1:10:05Wait, wait. Actually, before we go, Nico,
- 1:10:07sorry, sorry. I don't mean to cut you off.
- 1:10:09I did do a poll. Anyways guys, if you enjoyed the
- 1:10:12show, you know what to do. Hold on, hold on, hold on, hold
- 1:10:15on. I I need to, I need to clarify
- 1:10:17things here. The poll was do you laugh with
- 1:10:20Opti or at Opti and shouts out the 45% of you that laugh with
- 1:10:24me, the 14% that laugh at me and the other 40% that laugh at me
- 1:10:30and with me. So shouts out to you guys, you
- 1:10:32guys, the real life movies. All right guys, if you enjoyed
- 1:10:37the show, you know what to do. Smash that like button.
- 1:10:39Consider subscribing if you feel like we provided you value.
- 1:10:42And I do want to give a shout out to our guest, Josh
- 1:10:46Friedemann. Friedemann, thank you for so
- 1:10:49much for coming on the show today.
- 1:10:51And check out adslice.com. Really, really really appreciate
- 1:10:55you coming on. Yeah.
- 1:10:56Thanks for having me. It's been great.
- 1:10:57Thanks for coming on, dude. All right guys, it's the top of
- 1:11:01the hour. It's the end of the week.
- 1:11:03Thank you guys for tuning in this week.
- 1:11:05Really appreciate it. We wouldn't be here without
- 1:11:07y'all. So we love you.
- 1:11:08We appreciate you have an amazing weekend.
- 1:11:11Spend time, you know, unplug a little bit, and we'll be back
- 1:11:14Monday for another episode of Simply Bitcoin Live.