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It's. 
All going to zero against 

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Bitcoin. 
It's going on forever. 

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You're against Bitcoin. 
You're against freedom. 

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Yeah. 
Welcome to another episode of 

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Simply Bitcoin Live. 
We're your number one source for

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the peaceful Bitcoin revolution.
Cover breaking news. 

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Culture. 
Matic warfare. 

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We will be your guide through 
the separation of money and 

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state. 
So many things happened 

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yesterday. 
Election interference. 

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But it's interesting, right? 
They're attacking Naimbu Kele. 

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They're attacking the government
of El Salvador. 

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Mind you, this is a government. 
Naimbu Kele has a 90% approval 

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rating. 
He's the most popular president 

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in the Americas. 
But that doesn't stop some 

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people in the US government to 
send these letters saying that 

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basically Naimbu Kelly is 
somehow a threat to democracy. 

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I think they're scared of what 
Naimbu Kelly is doing over 

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there. 
I think it makes them look bad, 

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and I think that's really what 
it's about. 

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Also Biden declares a Federal 
Emergency because of Bitcoin 

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miners because Bitcoin miners 
are using too much energy. 

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I'll, I'll get to it. 
Pierre Rashard covered the 

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topic. 
Marty Bent wrote an incredible 

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article. 
So we're going to get to all 

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that today. 
It's going to be a great show. 

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And we also have a very special 
announcement. 

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Simply Bitcoins new flagship 
sponsor. 

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It's an honor. 
It's a really humble and honored

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to say that it's the Bitcoin. 
Well they are a publicly traded 

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company established in 2013 and 
they just recently went live in 

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all 50 states. 
Now what's awesome about the 

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Bitcoin Well is that they have 
self custody by default and that

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really aligns with the simply 
Bitcoin ethos which is a 

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separation of money and state. 
So really excited about today's 

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show and of course I have my 
legendary Co host and the 

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founder and CEO of Bitcoin well 
trying to talk about self 

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custody by default because you 
know, that's that's interesting,

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That's an interesting way to 
tackle very difficult problem, 

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right. 
So how you doing, Adam? 

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Yeah man, I'm good. 
I'm I'm still looking forward to

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working with with you guys. 
But I think more than you guys, 

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the simply Bitcoin community 
man, this is you know, we're 

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gonna shape the way that this 
self custody platform is built 

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and and looking forward to to 
building. 100 percent, 100%. 

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And another thing also guys, is 
because this platform, because 

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Bitcoin, well, just migrated to 
the US, they wanna hear your 

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feedback, they want you to get 
involved, right? 

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So there's any questions or 
concerns you guys have about the

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platform dropping in the 
comments or send Adam a DM. 

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I warned him that his DMS are 
gonna get flooded. 

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So help us build it. 
Help us build it together as a 

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community. 
What is the ideal Bitcoin 

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platform that you you guys would
like to see? 

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What is it? 
What is it that you have in 

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mind? 
Let us know and you know Adam 

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and the the Bitcoin Well crew 
will help manifest that into 

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reality. 
But what I'm so stoked about is 

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the self custody by default. 
I I think I told you the story 

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Adam, right? 
I I met with my parents. 

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My parents have been bitcoiners 
with like with me since 2016. 

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You know, their stuff is in cold
storage. 

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It's not moving. 
But one of the things I 

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realized, you know, every time I
meet with them is I function as 

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tech support. 
Seriously. 

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Like, I'm like literally tech 
support. 

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And I realized I'm like their 
stuff is in cold storage. 

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But if anything, like, you know,
if anything happens to me, like 

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you know, they're screwed. 
Like we really need to push this

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self custody aspect. 
We really need to push this, 

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this education. 
I think the way that you do that

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is by self custody by default 
because that essentially becomes

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like a forcing function. 
It makes people learn personal 

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responsibility and makes people 
learn OK, I have to write down 

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1224 words, properly secure my 
seed words, get myself a 

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hardware wallet. 
It makes them do that right and 

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I think that people need to do 
that. 

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Listen, if you could take care 
of a child, if you can cook a 

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steak, you could take Bitcoin 
into self custody. 

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That's my you can drive a. 
Car If you know a telephone 

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number you can self custody. 
That's that's literally my 

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argument. 
I was on Ben's show like over a 

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year ago, and I referred it back
to like the fact that humans are

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pretty good at just generally 
living. 

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We figured out how to like, not 
defecate in the streets. 

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We figured out how to turn on 
light switches and and get 

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dressed in the morning. 
Surely we can figure out how to 

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secure the most important and 
best asset this planet has ever 

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seen. 
And and I think it's important, 

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but honestly it starts with like
it starts with what you said the

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education behind it and it 
starts with people people 

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understanding that it's it's not
just something that we can throw

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to a newcomer or no coiner and 
say figure it out. 

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You know it starts with the 
community building in and and 

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understanding that teaching 
people how to self custody is 

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often the most important step in
their Bitcoin journey. 

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It's not getting them onto the 
Bitcoin journey, it's getting 

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them onto the right Bitcoin 
journey and it's self custody 

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all the way. 100 percent, 100%. 
Another thing also a little bit 

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about Bitcoin, well, you guys 
were established in 2013 is you 

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guys have been around the block.
You guys have been here a 

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minute, man. 
Very well established. 

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Yeah, we were. 
We started with Bitcoin ATMs. 

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Like, the original story is 
hilarious. 

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It's just completely, you know, 
bootstrapped from passion. 

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Bitcoin ATMs for me was the was 
the fastest way to get into this

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industry. 
We grew up a little network of 

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Bitcoin ATMs in Western Canada, 
expanded out to Eastern Canada 

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and then last year in or I guess
2022 in Canada we launched a non

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custodial, fully non custodial 
Bitcoin platform up here in 

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Canada where the fastest and 
safest platform in Canada. 

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And then yeah, I mean as of I 
think as of 36 hours ago we are 

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live across 50 states in in the 
USA and and still bring that 

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same energy, that same non 
custodial, that same non 

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custodial principles behind our 
mission which is just to enable 

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independence. 
We want people to be 

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independent, we want to create 
sovereign individuals and help 

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people be sovereign in their 
Bitcoin journey. 

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So super stoked, man. 100% and I
think the signal there really is

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the the, the non custodial 
aspect because we say this all 

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the time, right guys? 
The revolution. 

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If enough people take self 
custody we win and there's 

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absolutely nothing they can do 
about it. 

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And revolution is self custody. 
And the fact that it's self 

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custody by default there is no 
option. 

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Again, it creates this, this 
forcing function. 

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But it's a good forcing function
'cause it makes people learn, 

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right? 
Remember guys, not your keys, 

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not your cheese. 
Wait. 

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Wait, wait, wait, wait. 
Before we move, can we just 

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reframe Klaus Schwab, the meme? 
You will own nothing and be 

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happy. 
No guys, you will self custody 

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Bitcoin and be happy. 
Your own. 

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Your own. 
Your own Bitcoin and self 

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custody and be happy. 
There we go. 

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That's the meme. 
That's the meme anyways, guys, 

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it's going to be an incredible 
show. 

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Let's jump straight into the 
numbers. 

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We have a lot to talk about 
today. 

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Let's check it out. 
Here we go, The Bitcoin numbers.

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Is your Bitcoin in cold storage 
really secure? 

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Is your seed phrase really 
secure? 

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Stamp seeds? 
Do it yourself. 

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Kit has everything you need to 
hammer your seed words into 

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commercial grade titanium plates
instead of just writing them on 

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paper. 
Don't store your generational 

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00:07:28,640 --> 00:07:31,920
wealth on paper. 
Papers prone to water damage, 

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fire damage. 
You want to put your 

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00:07:33,920 --> 00:07:37,000
generational wealth on one of 
the strongest metals on planet 

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earth, Titanium. 
Your words are actually stamped 

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00:07:39,840 --> 00:07:43,400
into this metal plate with this 
hammer and these letter stamps. 

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And once your words are in, they
aren't going anywhere. 

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No risk of the plate breaking 
apart and pieces falling 

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everywhere. 
Titanium stamp seeds will 

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00:07:52,120 --> 00:07:55,080
survive nearly triple the heat 
produced by a house fire. 

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00:07:55,080 --> 00:07:58,240
They're also crush proof, 
waterproof, non corrosive, and 

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time proof. 
All things that paper is not 

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00:08:00,520 --> 00:08:03,720
allowing you to huddle your 
Bitcoin with Peace of Mind for 

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00:08:03,800 --> 00:08:07,160
the long haul. 
Stamp your seed on stamp seed. 

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00:08:08,640 --> 00:08:11,080
All right guys, I also made it 
incredibly easy for you guys. 

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00:08:11,080 --> 00:08:12,800
You can scan the QR code on your
screen right now. 

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00:08:12,800 --> 00:08:15,040
It'll take you directly to the 
Stamp seed website where you can

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00:08:15,040 --> 00:08:17,800
use promo code. 
Simply get 15% off at the time 

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00:08:17,800 --> 00:08:21,120
of recording. 
The Bitcoin price is 42,985. 

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00:08:21,120 --> 00:08:29,000
Stats Per Dollar 2326 Block 
Height 828,408 Blocks to having 

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00:08:29,040 --> 00:08:34,159
11,500, 92 having estimate April
20th, 2024 Total lightning 

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network capacity 4937 Bitcoin 
capacity Value 212 million U.S. 

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dollars Realized monetary 
inflation 1.74% V Market 

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00:08:44,760 --> 00:08:50,200
capitalization of Bitcoin $845 
billion Bitcoin versus gold 

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market cap 6.14% In the grand 
scheme of things Bitcoin is 

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still baby. 
Anyways I was telling you guys 

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about, you know the these this 
crazy political atmosphere here 

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and that's really what I want to
address. 

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This is nuts. 
This is projection in my 

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opinion. 
Here is AUS Representative 

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Missus Omar and she said this 
yesterday and she she already 

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got community noted. 
But she said I LED members of 

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Congress in sending a letter to 
Secretary Blinkland urging 

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actions on threats to democracy 
in El Salvador. 

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The State Department must review
its relationship with El 

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Salvador and defend democratic 
values. 

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The Salvadorian people deserve 
free and fair elections without 

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fear of repression and the 
community, the community note 

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says. 
The president of El Salvador 

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democratically won the elections
in 2019. 

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And then he goes on to say his 
party obtained democratically a 

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majority in the Legislative 
Assembly, Assembly. 

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The third thing it says a 
president can be reelected in El

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Salvador if in the six months 
prior to taking office, he was 

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not in charge. 
OK, so let's go through some of 

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the comments because I think the
comments really, really, really 

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00:10:02,160 --> 00:10:04,520
address everything. 
So first, Stacey Herbert. 

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So you see, Herbert is part of 
the Bitcoin office down in El 

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00:10:07,360 --> 00:10:09,480
Salvador. 
Her and Max Kaiser are doing 

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00:10:09,480 --> 00:10:12,080
Satoshi's work. 
And she says, how exactly do you

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define democracy? 
The will of the people is all 

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that matters. 
It is their inalienable right to

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self determination. 
The people of El Salvador 

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support President Bukhali and do
not want to return to the 

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00:10:22,680 --> 00:10:25,440
plunder, mayhem and murder of 
the previous era. 

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00:10:26,160 --> 00:10:29,000
Dylan Leclaire says you need to 
go back now. 

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00:10:29,160 --> 00:10:34,440
I'm a of a political junkie. 
And ladies and gentlemen, when 

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they say democracy, what they 
actually mean is collectivism. 

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When they say democracy, they 
mean communism. 

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00:10:40,000 --> 00:10:42,800
That's not what they they don't 
actually mean democracy. 

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00:10:43,320 --> 00:10:46,480
If you look at it from that 
lens, it's all starts to make 

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sense and you won't be able to 
Unsee it. 

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00:10:48,400 --> 00:10:52,080
Now that I pointed it out, by 
the way, here is Walker. 

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America says the Democratic urge
to interfere in foreign 

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elections, right? 
Here's some of the letter. 

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00:10:57,440 --> 00:10:59,120
It's pretty long, so I don't 
know if I'm going to read all of

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it. 
But it goes on to say, dear 

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Secretary Blinkland, we are 
writing to express our 

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00:11:03,960 --> 00:11:07,760
significant concerns regarding 
Democratic blacks, Democratic 

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00:11:07,760 --> 00:11:11,160
backsliding, and an increase in 
reports of human rights 

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violations in El Salvador. 
These concerns are especially 

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pressing with elections planned 
for early next month, in which 

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00:11:17,160 --> 00:11:19,960
the incumbent President, Naim 
Bukele, is running for an 

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00:11:19,960 --> 00:11:25,840
unconstitutional second term. 
OK, so right, I talked about 

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this idea of projection. 
So let's actually look at the 

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00:11:28,520 --> 00:11:29,680
data. 
Let's actually look at the 

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00:11:29,680 --> 00:11:33,440
numbers. 
This is Naimbu Kele's polls, 

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00:11:33,440 --> 00:11:36,240
approval polls, They're all in 
the 90s. 

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00:11:36,440 --> 00:11:40,160
The lowest one isn't even in the
70s, it's in the low 80s right 

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00:11:40,280 --> 00:11:42,920
Now let's compare that with the 
President of the United States, 

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00:11:42,920 --> 00:11:46,520
the current administration 38% 
approval rating. 

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00:11:47,120 --> 00:11:51,200
Now I wonder why they have such 
a problem with El Salvador. 

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00:11:51,200 --> 00:11:54,520
I mean, I think Naimbukele 
perfectly addressed it here. 

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00:11:55,400 --> 00:11:57,240
The video is in Spanish. 
It has subtitles. 

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00:11:57,240 --> 00:12:01,080
I will translate it as it goes. 
So here's Naimbukele. 

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00:12:03,520 --> 00:12:05,600
Let me do it at one times the 
speed because I'm going to 

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00:12:05,600 --> 00:12:10,880
translate El Salvador. 
Where did they get this sudden 

233
00:12:10,880 --> 00:12:14,560
love for El Salvador? 
Up until recently, they couldn't

234
00:12:14,560 --> 00:12:22,200
even find it on the map. 
All of a sudden, these last 

235
00:12:22,200 --> 00:12:24,480
three years, they've they've all
grown concerned. 

236
00:12:25,640 --> 00:12:29,440
Where were they before? 
Where? 

237
00:12:32,080 --> 00:12:35,440
Were they when the parties in 
the corner recruited children 

238
00:12:35,440 --> 00:12:40,560
and forced them to kill the 
previous? 

239
00:12:43,200 --> 00:12:46,840
They recruited children to go 
and kill. 

240
00:12:47,600 --> 00:12:49,480
We're giving them computers and 
laptops. 

241
00:12:51,400 --> 00:12:59,280
El. 
Salvador is a free and 

242
00:12:59,280 --> 00:13:13,320
sovereignty. 
We make our own decisions let 

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00:13:13,320 --> 00:13:17,960
that be clear to the world over.
We want to have good relations 

244
00:13:17,960 --> 00:13:23,640
with we want to be allies and 
friends, partners but truly 

245
00:13:24,160 --> 00:13:31,360
friends, allies, partners but 
not a Colonie oh God yeah. 

246
00:13:31,360 --> 00:13:34,240
Look I think it boils down to 
this and and just to kind of 

247
00:13:34,240 --> 00:13:37,720
give a little bit of of of a 
back story ladies and gentlemen 

248
00:13:37,720 --> 00:13:41,520
because look I'm I'm originally 
I'm from I'm from Latin America.

249
00:13:41,520 --> 00:13:46,960
I'm from Venezuela. 
I find it extremely racist and 

250
00:13:46,960 --> 00:13:50,880
insulting when, you know the US,
one of the most powerful 

251
00:13:50,880 --> 00:13:55,040
countries in the world, is 
essentially lecturing this small

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00:13:55,040 --> 00:14:00,800
Central American nation, which 
suffered 30 years of civil war, 

253
00:14:01,360 --> 00:14:04,720
and they elected a president 
that brought down the murder 

254
00:14:04,720 --> 00:14:08,680
rate to the point that El 
Salvador is safer than some U.S.

255
00:14:08,680 --> 00:14:11,720
cities. 
The guy's incredibly popular, 

256
00:14:11,760 --> 00:14:13,880
which is like the definition of 
democracy, right? 

257
00:14:14,600 --> 00:14:17,920
And they're attacking. 
And what I really think it's all

258
00:14:17,920 --> 00:14:19,560
about is I think it's 
projection. 

259
00:14:19,560 --> 00:14:23,560
Here's Lena Sesh. 
And she created a meme and 

260
00:14:23,640 --> 00:14:25,680
Naimbu Kele just with the 
dagger. 

261
00:14:25,920 --> 00:14:28,440
I think the United States should
have fair, free and fair 

262
00:14:28,440 --> 00:14:30,680
elections, and I'll get to that 
in a second, right? 

263
00:14:30,920 --> 00:14:33,480
But here's the meme. 
Like authoritarian, millennial 

264
00:14:33,480 --> 00:14:36,120
dictator, democratic 
backsliding, democratic 

265
00:14:36,120 --> 00:14:39,600
blacksliding, Naim Bukele grabs 
a mirror and points it right 

266
00:14:39,600 --> 00:14:41,680
back. 
And now I'm going to get into 

267
00:14:42,320 --> 00:14:45,200
the the projection, the 
projection aspect of it. 

268
00:14:45,680 --> 00:14:49,400
Remember to remember Senator Bob
Mendez, who you know, was 

269
00:14:49,400 --> 00:14:52,440
accusing El Salvador for 
accusing Naim Bukele of 

270
00:14:52,440 --> 00:14:54,080
corruption. 
Then he was discovered that he 

271
00:14:54,080 --> 00:14:56,480
was accepting gold bars as 
bribes. 

272
00:14:57,080 --> 00:15:00,000
Remember the fact that whatever 
your political beliefs are, this

273
00:15:00,000 --> 00:15:04,240
is just a fact that currently in
the United States, the leading 

274
00:15:04,720 --> 00:15:08,360
presidential opponent for the 
opposing party is currently 

275
00:15:08,360 --> 00:15:10,720
being prosecuted in multiple 
states. 

276
00:15:11,040 --> 00:15:13,320
There's been a state that even 
actually took him off the 

277
00:15:13,320 --> 00:15:16,640
ballot. 
So I find it whatever you feel 

278
00:15:16,640 --> 00:15:20,040
about, you know, Trump or Biden,
that's just a fact, right? 

279
00:15:20,320 --> 00:15:23,640
So however you feel about 
democracy and being lectured 

280
00:15:23,640 --> 00:15:29,640
about democracy, I don't think 
the US has exactly the best, 

281
00:15:31,200 --> 00:15:36,160
best place to talk from, right? 
And I think this has nothing to 

282
00:15:36,160 --> 00:15:38,720
do with democracy, because they 
didn't even care about El 

283
00:15:38,720 --> 00:15:42,400
Salvador before the Bitcoin law.
They didn't care about the 

284
00:15:42,400 --> 00:15:46,680
homicide rate, the murders. 
I knew about them, but they 

285
00:15:46,680 --> 00:15:50,000
didn't care about that. 
The moment that El Salvador made

286
00:15:50,000 --> 00:15:54,640
Bitcoin legal tender, the moment
that a politician started doing 

287
00:15:54,640 --> 00:15:58,040
the things that he was 
democratically elected to do, 

288
00:15:58,840 --> 00:16:02,400
was when all of a sudden El 
Salvador started popping up on 

289
00:16:02,400 --> 00:16:04,960
the map. 
And you know what that tells me 

290
00:16:05,400 --> 00:16:08,840
is that Naimbu Kelly and El 
Salvador is over the target. 

291
00:16:08,840 --> 00:16:11,600
And when you're over the target,
that is when Flack is the 

292
00:16:11,600 --> 00:16:14,440
heaviest. 
Just like Caviar Miley. 

293
00:16:14,920 --> 00:16:17,320
The media attacked him like 
crazy. 

294
00:16:17,560 --> 00:16:20,080
They called him a fascist. 
They called him a dictator. 

295
00:16:21,320 --> 00:16:23,720
You heard that speech that he 
made in Davos. 

296
00:16:24,080 --> 00:16:26,960
It was a historical speech. 
Governments no longer need to 

297
00:16:26,960 --> 00:16:30,760
control the means of production 
when they can just print money 

298
00:16:30,760 --> 00:16:33,800
instead. 
And that's what's really that is

299
00:16:33,800 --> 00:16:37,280
what this is really about, is 
that they're losing their 

300
00:16:37,280 --> 00:16:40,880
control on the truth, and 
they're freaking out. 

301
00:16:41,160 --> 00:16:45,120
And when Naimbu Kelly shows to 
the rest of the world is that 

302
00:16:45,120 --> 00:16:49,720
there is another way, and not 
only is there another way, that 

303
00:16:49,720 --> 00:16:53,680
way happens to be better too. 
And that makes a lot of people 

304
00:16:53,680 --> 00:16:56,520
look like fools. 
And that's what it's about. 

305
00:16:56,920 --> 00:16:58,520
That's what it's always been 
about. 

306
00:16:58,720 --> 00:17:01,480
So this whole thing where it's 
like this dude is a threat to 

307
00:17:01,480 --> 00:17:03,560
democracy. 
You know what I think is a 

308
00:17:03,600 --> 00:17:06,720
threat to democracy? 
Trying to interfere in foreign 

309
00:17:06,720 --> 00:17:09,520
elections because you don't like
the politician in charge. 

310
00:17:09,560 --> 00:17:11,720
I think that's a bigger threat 
to democracy. 

311
00:17:12,160 --> 00:17:14,800
So the ladies and gentlemen, 
this means we're winning. 

312
00:17:15,680 --> 00:17:19,280
But it also has me a little bit 
worried because how long until, 

313
00:17:19,800 --> 00:17:23,160
you know, El Salvador needs some
freedom if you guys understand 

314
00:17:23,160 --> 00:17:26,560
the Iraq War reference. 
So anyways, I want to get Adam's

315
00:17:26,560 --> 00:17:30,880
take on this and then OPTI. 
Yeah man, separation of money 

316
00:17:30,880 --> 00:17:34,280
and state that's the that's the 
that's what has to happen. 

317
00:17:34,280 --> 00:17:37,000
I mean we watched the separation
of church and state couple 

318
00:17:37,000 --> 00:17:40,560
centuries ago and and that was a
net benefit for society. 

319
00:17:40,560 --> 00:17:45,360
When when there's that much 
centralization of power inside 

320
00:17:45,760 --> 00:17:50,160
of people who are only 
incentivized and and and only 

321
00:17:50,160 --> 00:17:56,120
able to benefit by literally 
pounding and and diminishing 

322
00:17:56,160 --> 00:17:58,360
their people, something has to 
change. 

323
00:17:58,480 --> 00:18:01,120
And you're right, the power 
comes from the power comes from 

324
00:18:01,120 --> 00:18:03,160
the money. 
That's why Bitcoin is the 

325
00:18:03,160 --> 00:18:04,480
answer. 
I saw a comment someone saying 

326
00:18:04,480 --> 00:18:06,680
this has nothing to do with 
Bitcoin, this has everything to 

327
00:18:06,680 --> 00:18:10,400
do with Bitcoin because if you 
remove the money from the 

328
00:18:10,400 --> 00:18:14,240
political equation, politics 
dies and it truly becomes a 

329
00:18:14,240 --> 00:18:18,000
message for the people by the 
people with someone in charge 

330
00:18:18,160 --> 00:18:20,800
set to lead it. 
I don't think it's a surprise 

331
00:18:21,000 --> 00:18:25,320
that these these kind of third 
world countries these countries 

332
00:18:25,320 --> 00:18:28,960
that are not well off are 
flocking to Bitcoin. 

333
00:18:28,960 --> 00:18:32,800
I mean time and time again I 
just saw last week there was a 

334
00:18:32,920 --> 00:18:36,960
there was a an African Bitcoin 
conference and they they didn't 

335
00:18:36,960 --> 00:18:41,200
even have energy infrastructure 
over in Africa And and these 

336
00:18:41,200 --> 00:18:44,440
people are are are flocking in 
droves to Bitcoin understanding 

337
00:18:44,440 --> 00:18:47,360
the value proposition that sound
money can bring to these 

338
00:18:47,360 --> 00:18:50,840
communities that where the 
government is either corrupt or 

339
00:18:50,840 --> 00:18:55,120
is not keen on on on helping 
them And so it has everything to

340
00:18:55,120 --> 00:18:56,760
do with Bitcoin. 
It has everything to do with 

341
00:18:56,760 --> 00:19:00,080
removing the power from the 
state because to your point Nico

342
00:19:00,240 --> 00:19:03,600
when the government can print 
money they can print power and 

343
00:19:03,600 --> 00:19:07,120
and that's just physics like 
that's that's when you have 

344
00:19:07,120 --> 00:19:11,160
something that resembles value 
but is not backed by value you 

345
00:19:11,160 --> 00:19:14,400
have short term power and that's
all these politicians care about

346
00:19:14,600 --> 00:19:18,280
is short term power. 
I mean they live and thrive in 

347
00:19:18,280 --> 00:19:21,840
this four year voting cycle. 
It's it's it's brutal and I 

348
00:19:21,840 --> 00:19:24,240
think it has everything to do 
with Bitcoin, has everything to 

349
00:19:24,240 --> 00:19:28,640
do with us, the people owning 
and controlling our own Bitcoin.

350
00:19:29,440 --> 00:19:32,480
100% And I think that that you 
hit the nail on the head it's 

351
00:19:32,920 --> 00:19:36,600
they have a problem with people 
controlling their own destiny 

352
00:19:36,600 --> 00:19:40,120
and I think that's really what 
it comes down to and and and of 

353
00:19:40,120 --> 00:19:42,480
course they're gonna use 
everything in their power and 

354
00:19:42,600 --> 00:19:46,360
we've seen this theme repeat 
itself over and over again. 

355
00:19:47,360 --> 00:19:49,880
You know Bitcoin, that's the 
next thing that's coming. 

356
00:19:49,880 --> 00:19:51,600
By the way. 
Bitcoin's a threat to democracy.

357
00:19:52,640 --> 00:19:54,440
But no. 
You've seen this over and over 

358
00:19:54,440 --> 00:19:56,760
again. 
Money laundering, terrorism like

359
00:19:56,760 --> 00:19:58,520
basically anything that sticks. 
Right. 

360
00:19:58,520 --> 00:20:01,480
Naimbu Kele is a dictator. 
He's a threat to democracy. 

361
00:20:01,640 --> 00:20:05,280
But what I've come to realize is
that and and I and I and I, you 

362
00:20:05,280 --> 00:20:07,520
know, and I coined this term a 
couple weeks ago and I've 

363
00:20:07,520 --> 00:20:10,400
stopped saying it, but I should 
start saying it again, which is 

364
00:20:10,400 --> 00:20:13,800
the idea of. 
The iron law of central banker 

365
00:20:13,800 --> 00:20:17,840
and politician projection, they 
project onto US what it is they 

366
00:20:17,840 --> 00:20:20,920
are guilty of themselves. 
And I really think it just boils

367
00:20:20,920 --> 00:20:23,680
down to that. 
So anytime you see, you know, 

368
00:20:23,680 --> 00:20:26,240
these representatives, these 
people attacking El Salvador, 

369
00:20:26,320 --> 00:20:28,920
what are their approval ratings?
What have they done? 

370
00:20:29,000 --> 00:20:30,480
I know what Naimbu Kelly has 
done. 

371
00:20:30,640 --> 00:20:33,800
You know how hard it is to get 
90% approval rating as a 

372
00:20:33,800 --> 00:20:36,760
politician. 
I was taking a look at some 

373
00:20:36,760 --> 00:20:39,920
television coming out of Chile 
and they were going after, they 

374
00:20:39,920 --> 00:20:43,360
were going through the polls. 
The the other political 

375
00:20:43,360 --> 00:20:47,600
candidates, if you Add all their
polling data together, they 

376
00:20:47,600 --> 00:20:49,840
don't even amount to 10% of the 
vote. 

377
00:20:50,160 --> 00:20:52,720
That's how popular this guy is 
in El Salvador. 

378
00:20:52,840 --> 00:20:55,920
You don't become that popular 
unless you're doing good by 

379
00:20:55,920 --> 00:20:59,200
their, by your people. 
So they can accuse people, El 

380
00:20:59,200 --> 00:21:00,840
Salvador, of human rights 
violations. 

381
00:21:00,840 --> 00:21:04,080
They could accuse El Salvador of
everything they want, but they 

382
00:21:04,080 --> 00:21:08,480
don't mention democracy because 
democracy literally means the 

383
00:21:08,480 --> 00:21:10,920
will of the people, and the will
of the people is clear. 

384
00:21:10,920 --> 00:21:13,920
They like this guy's policies, 
Full stop. 

385
00:21:14,160 --> 00:21:16,600
Anyways, Opti, what's your take 
on all this, brother? 

386
00:21:17,360 --> 00:21:19,520
Yeah. 
Well, when I saw this tweet, I 

387
00:21:19,520 --> 00:21:21,880
was like, kind of surprised. 
I'm like, what? 

388
00:21:21,880 --> 00:21:23,480
What does she even care about El
Salvador? 

389
00:21:23,480 --> 00:21:26,080
Like, why is she tweeting about 
El Salvador? 

390
00:21:26,080 --> 00:21:28,720
I read the letter and it was 
like, it's like you said, you 

391
00:21:28,720 --> 00:21:31,920
know, the projection here is 
very strong and it just goes to 

392
00:21:31,920 --> 00:21:37,480
show that they'll use anything 
to push their political favor. 

393
00:21:37,480 --> 00:21:39,760
And it's just it's absolutely 
incredible that anyone in 

394
00:21:39,760 --> 00:21:41,880
America cares what El Salvador 
is doing. 

395
00:21:42,560 --> 00:21:46,440
Again, I did do a little not 
deep dive, like a very quick 

396
00:21:46,440 --> 00:21:51,680
dive on, I don't even know how 
to say your name, Ilhan Omar's 

397
00:21:51,680 --> 00:21:55,120
approval rating. 
And I think very favorably it's 

398
00:21:55,120 --> 00:21:58,040
at like 11%. 
Like that doesn't even compare 

399
00:21:58,040 --> 00:22:01,400
to naive Buchali's 90%. 
Like if we're talking about 

400
00:22:01,400 --> 00:22:04,840
approval ratings and who, you 
know, the citizens want in in 

401
00:22:04,840 --> 00:22:08,360
their positions, like she, I 
don't think she has, you know, a

402
00:22:08,360 --> 00:22:12,240
platform to stand on like most 
people in her jurisdiction don't

403
00:22:12,240 --> 00:22:15,120
even like her. 
And she's out here projecting 

404
00:22:15,120 --> 00:22:19,360
onto naive bucale about, you 
know, this is a danger to 

405
00:22:19,360 --> 00:22:21,240
democracy. 
And you know, right now, as I'm 

406
00:22:21,240 --> 00:22:24,880
talking, remember, I think it 
was last year or two years ago 

407
00:22:25,040 --> 00:22:28,960
when we saw that clip from like 
40 different news stations 

408
00:22:28,960 --> 00:22:31,240
around the world saying this is 
a danger to democracy. 

409
00:22:31,240 --> 00:22:32,960
And they're all saying the exact
same thing. 

410
00:22:33,160 --> 00:22:37,480
And and this is just another, 
another line of that story being

411
00:22:37,480 --> 00:22:40,760
played out. 
And again, like, do we forget 

412
00:22:40,760 --> 00:22:43,800
that we live in allegedly A 
constitutional Republic. 

413
00:22:43,800 --> 00:22:46,080
It's not even a democracy. 
And yet they always run out. 

414
00:22:46,080 --> 00:22:48,120
Like this is a danger to our 
democracy. 

415
00:22:48,320 --> 00:22:51,040
It's just absolute projection 
And it's absolutely incredible 

416
00:22:51,040 --> 00:22:55,000
that America, you know, I I'm a 
proud an American and it's just 

417
00:22:55,000 --> 00:22:58,040
crazy that we still view 
ourselves as like the world's 

418
00:22:58,040 --> 00:23:00,640
police and here we are. 
We're out here protecting 

419
00:23:00,640 --> 00:23:04,280
everyone when in their company. 
I fully believe in the 

420
00:23:04,280 --> 00:23:07,040
sovereignty of nations like I 
don't think as an American we 

421
00:23:07,040 --> 00:23:09,560
have any right to tell any other
country what they should or 

422
00:23:09,560 --> 00:23:11,880
should not be doing. 
I think we should worry about 

423
00:23:11,880 --> 00:23:14,200
what's going on back home. 
We have enough problems here in 

424
00:23:14,200 --> 00:23:19,240
America, let alone worrying 
about what a tiny, tiny country 

425
00:23:19,600 --> 00:23:23,040
and Latin America is doing with 
a very high approval rating like

426
00:23:23,040 --> 00:23:24,800
we should be focusing on 
ourselves. 

427
00:23:24,800 --> 00:23:29,360
And yet our politicians continue
to view everyone else instead of

428
00:23:29,360 --> 00:23:30,520
looking themselves in the 
mirror. 

429
00:23:30,720 --> 00:23:34,640
And again, like Adam was saying,
this all has to go back to Fiat 

430
00:23:34,640 --> 00:23:37,000
money. 
This does relate to Bitcoin and 

431
00:23:37,000 --> 00:23:40,680
and as much as I view and I'm in
the same camp that like politics

432
00:23:40,680 --> 00:23:44,400
is irrelevant to Bitcoin, it's 
very clear that they are making 

433
00:23:44,400 --> 00:23:47,680
steps towards trying to ban and 
outlaw Bitcoin in every 

434
00:23:47,680 --> 00:23:50,320
jurisdiction. 
Like Bitcoin is political 

435
00:23:50,320 --> 00:23:54,160
because it is so non political 
because it is apolitical. 

436
00:23:54,160 --> 00:23:56,520
Bitcoin is the most political 
money in the world because they 

437
00:23:56,520 --> 00:23:58,160
can't stop it, they can't 
control it. 

438
00:23:58,480 --> 00:24:01,160
And that's why we are seeing 
what we're going to be covering 

439
00:24:01,160 --> 00:24:03,680
in the news that they're now 
they're coming after Bitcoin any

440
00:24:03,680 --> 00:24:06,400
way possible. 
So like yeah, I know bitcoiners 

441
00:24:06,400 --> 00:24:10,120
like to say like oh you know, 
politics doesn't matter to 

442
00:24:10,120 --> 00:24:11,800
Bitcoin. 
I totally agree. 

443
00:24:11,800 --> 00:24:15,520
But because Bitcoin is a 
political, it is a political 

444
00:24:15,520 --> 00:24:17,160
matter. 
Everything is politics. 

445
00:24:17,160 --> 00:24:19,920
When you talk to a politician, 
they will come after Bitcoin. 

446
00:24:20,160 --> 00:24:22,080
They are actively coming after 
Bitcoin. 

447
00:24:22,520 --> 00:24:26,280
And you know, as much as I'm not
like a politician, I would much 

448
00:24:26,280 --> 00:24:30,000
rather have Bitcoin politicians 
than know than people being anti

449
00:24:30,000 --> 00:24:33,840
Bitcoin in political positions. 
Like it's very clear here, guys,

450
00:24:33,840 --> 00:24:35,960
you know? 
And it's just incredible that 

451
00:24:35,960 --> 00:24:38,880
we're even talking about El 
Salvador like their tiny, tiny 

452
00:24:38,880 --> 00:24:41,960
country and now we're worried 
about what they're doing. 

453
00:24:41,960 --> 00:24:44,640
Like they're a threat to our 
democracy here in America. 

454
00:24:44,880 --> 00:24:48,200
Crazy. 
They are essentially making 

455
00:24:48,360 --> 00:24:51,880
politicians look bad and 
essentially that's really what 

456
00:24:51,880 --> 00:24:54,080
it's about, nothing to do with 
democracy. 

457
00:24:54,360 --> 00:24:57,880
I was reading one of the quotes 
by I think this is the 

458
00:24:58,480 --> 00:25:02,440
ambassador for for the the El 
Salvadorian ambassador for the 

459
00:25:02,440 --> 00:25:08,640
United States and her response 
to Elon I I don't know how to 

460
00:25:09,000 --> 00:25:10,360
opted I think it's. 
Ilhan. 

461
00:25:11,280 --> 00:25:15,120
Ilhan, I'm sorry, guys. 
Ilhan Omar Representative Omar. 

462
00:25:15,520 --> 00:25:18,480
Her response was savage. 
She says please don't get 

463
00:25:18,480 --> 00:25:21,640
involved and interfere in the 
election of a sovereign country.

464
00:25:21,640 --> 00:25:25,360
Like, that's a very strong 
statement. the US has nothing to

465
00:25:25,360 --> 00:25:26,880
stand on here. 
OK? 

466
00:25:27,160 --> 00:25:31,960
Look at throughout UUS history. 
You know, what was the what was 

467
00:25:31,960 --> 00:25:35,920
the United Fruit? 
What is it, United Fruit 

468
00:25:35,920 --> 00:25:37,600
Company, Opti or something like 
that? 

469
00:25:37,880 --> 00:25:42,080
Like, basically the US does not 
necessarily have the best track 

470
00:25:42,080 --> 00:25:46,200
record in Latin America and 
throughout the world in 

471
00:25:46,440 --> 00:25:48,880
dictating other people's foreign
affairs. 

472
00:25:48,880 --> 00:25:51,480
So anyways, guys, it's gonna be 
interesting. 

473
00:25:51,480 --> 00:25:54,440
This is just getting started. 
This is the separation of money 

474
00:25:54,440 --> 00:25:57,120
and state, after all. 
All right, guys, no more delay. 

475
00:25:57,120 --> 00:25:59,920
Let's jump straight into the 
news. 

476
00:25:59,920 --> 00:26:01,840
We have a lot to talk about. 
And then we're going to talk 

477
00:26:01,840 --> 00:26:04,120
about the culture, which we're 
going to focus on the Bitcoin. 

478
00:26:04,120 --> 00:26:06,560
Well, we have Adam and we have 
so many questions for him. 

479
00:26:06,720 --> 00:26:08,680
This is the beginning of a 
beautiful partnership. 

480
00:26:08,680 --> 00:26:11,520
We're extremely excited for it. 
All right, guys, no more delay. 

481
00:26:11,560 --> 00:26:12,720
Let's hit the news. 
Here we go. 

482
00:26:14,760 --> 00:26:16,640
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518
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All right guys, I also want to 
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519
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The webinar is tomorrow so Sign 

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Scan the QR code or check the 

536
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link in video description. 
All right guys, So what I want 

537
00:29:02,520 --> 00:29:04,440
to talk about today another 
attack. 

538
00:29:04,440 --> 00:29:08,080
This is crazy. 
And mind you, like we did this, 

539
00:29:08,120 --> 00:29:11,040
it it was total coincidence. 
We did not time this. 

540
00:29:11,040 --> 00:29:14,000
We did not plan this. 
But for anyone who didn't watch 

541
00:29:14,000 --> 00:29:18,320
yesterday's episode, it was we 
literally read you this article 

542
00:29:18,320 --> 00:29:20,520
by Marty Bent. 
Incredible work he's doing over 

543
00:29:20,520 --> 00:29:24,400
at TFTC dot IO. 
But basically it says the EU is 

544
00:29:24,400 --> 00:29:27,880
attacking proof of work. 
Well, it's not only the EU now, 

545
00:29:27,880 --> 00:29:31,080
it's the US as well, which is 
absolutely crazy. 

546
00:29:31,520 --> 00:29:34,800
So let's get through some of the
Twitter posts and then we'll end

547
00:29:34,800 --> 00:29:38,480
up at Marty's article covering 
the recent attack by the Biden 

548
00:29:38,480 --> 00:29:41,120
administration, which we've been
saying for many, many, many 

549
00:29:41,120 --> 00:29:44,720
months now, that they do not 
like the Bitcoin industry. 

550
00:29:44,720 --> 00:29:48,200
They don't like this thing. 
They're fans of central bank 

551
00:29:48,200 --> 00:29:52,240
digital currency, so here is 
Steve Mesa. 

552
00:29:52,520 --> 00:29:55,080
He says the government uses 
reporting and information 

553
00:29:55,080 --> 00:29:57,720
requests as weapons. 
This is how they protect the 

554
00:29:57,720 --> 00:30:01,200
incumbents by declaring 
emergency Pierre Rashard. 

555
00:30:01,200 --> 00:30:04,880
This isn't just some random 
bitcoiner, He is the VP of 

556
00:30:04,880 --> 00:30:09,120
Research at Riot Platforms. 
It's a publicly traded Bitcoin 

557
00:30:09,120 --> 00:30:12,120
mining company. 
And Pierre Rashard has not only 

558
00:30:12,120 --> 00:30:15,200
a really good reputation, he's 
been around, he's been in the 

559
00:30:15,200 --> 00:30:19,160
industry for a pretty long time.
So when Pierre speaks, you 

560
00:30:19,160 --> 00:30:22,680
listen anyways. 
He says Biden has declared a 

561
00:30:22,720 --> 00:30:26,080
Federal Emergency because 
Bitcoin is winning. 

562
00:30:26,280 --> 00:30:29,320
I just want to, I just want to 
read the highlighted part as 

563
00:30:29,320 --> 00:30:31,120
evidence. 
The price of Bitcoin has 

564
00:30:31,120 --> 00:30:34,720
increased roughly 50% in the 
last three months, and higher 

565
00:30:34,720 --> 00:30:37,040
prices incentivizes more crypto 
mining. 

566
00:30:37,040 --> 00:30:40,480
Bitcoin mining, by the way. 
Activity which in turn increases

567
00:30:40,480 --> 00:30:43,280
electricity consumption. 
At the time of this writing, 

568
00:30:43,480 --> 00:30:46,440
much of the central United 
States is in the grip of a major

569
00:30:46,440 --> 00:30:49,560
cold snap that has resulted in 
high electricity demand. 

570
00:30:49,720 --> 00:30:55,200
So, like, okay, So there are 4 
like unreliable energy policy, 

571
00:30:55,360 --> 00:30:57,560
right? 
Then they get mad that Bitcoin 

572
00:30:57,560 --> 00:30:59,240
is winning. 
They're like, oh, Bitcoin is 

573
00:30:59,240 --> 00:31:02,120
using too much energy. 
They don't specify the fact that

574
00:31:02,120 --> 00:31:05,480
Bitcoin miners have to use 
stranded energy. 

575
00:31:05,640 --> 00:31:08,160
Bitcoin miners have to use 
isolated energy. 

576
00:31:08,360 --> 00:31:11,320
If it wasn't isolated, if it 
wasn't stranded, it wouldn't be 

577
00:31:11,320 --> 00:31:13,760
economical for Bitcoin miners to
use it. 

578
00:31:14,400 --> 00:31:17,160
They They had like and that's 
like kind of like a disservice 

579
00:31:17,160 --> 00:31:19,720
because it's telling the 
American public or telling 

580
00:31:19,720 --> 00:31:22,480
people that are not informed 
that they think that Bitcoin 

581
00:31:22,480 --> 00:31:25,080
miners just set up shop in the 
middle of New York City. 

582
00:31:25,080 --> 00:31:27,920
They plug them in and everyone's
electricity bills go up. 

583
00:31:28,080 --> 00:31:30,400
No, why would they do that? 
It's too expensive. 

584
00:31:30,400 --> 00:31:31,920
They're going, they're going to 
go out of business. 

585
00:31:32,040 --> 00:31:35,240
So they go towards, you know, 
there's a dam in the middle of 

586
00:31:35,240 --> 00:31:38,520
nowhere, right? 
It has excess elect electrical 

587
00:31:38,520 --> 00:31:41,720
capacity that's perfect for 
Bitcoin miners. 

588
00:31:41,720 --> 00:31:45,000
Now all of a sudden that excess 
energy that would have otherwise

589
00:31:45,000 --> 00:31:49,240
gone to waste has value anyway. 
So yeah, this is crazy, but I 

590
00:31:49,240 --> 00:31:52,120
mean, this is another step no 
emergency declared because 

591
00:31:52,120 --> 00:31:54,080
Bitcoin is winning. 
Absolutely hilarious. 

592
00:31:54,080 --> 00:31:57,160
Here's another comment to one of
our tweets. 

593
00:31:57,400 --> 00:32:02,160
This is by Jurison Martinez. 
He's a strategy. 

594
00:32:02,760 --> 00:32:06,040
He works at Volcano Energy, 
which is El Salvador's Bitcoin 

595
00:32:06,040 --> 00:32:08,400
initiative. 
Shout out Max Keiser for 

596
00:32:08,520 --> 00:32:11,000
spearheading that. 
And he goes on to say the US 

597
00:32:11,000 --> 00:32:13,600
Department of Energy is 
requesting to collect data to 

598
00:32:13,600 --> 00:32:16,760
build a standard for Bitcoin 
mining, mining energy use. 

599
00:32:17,080 --> 00:32:20,040
They've requested energy 
handling of the data collection 

600
00:32:20,200 --> 00:32:24,200
request because public harm is 
reasonably likely if normal 

601
00:32:24,200 --> 00:32:27,600
procedures are followed. 
Further, as evidence, the price 

602
00:32:27,600 --> 00:32:30,880
of Bitcoin has increased 50% in 
the last three months, and 

603
00:32:30,880 --> 00:32:33,320
higher Bitcoin prices 
incentivizes more mining 

604
00:32:33,320 --> 00:32:35,560
activity. 
So it's like, listen, give us a 

605
00:32:35,560 --> 00:32:39,000
giant list of all the Bitcoin 
miners everywhere. 

606
00:32:39,280 --> 00:32:46,840
And I just love this graphical 
art piece by Marty Bent and his 

607
00:32:47,920 --> 00:32:49,520
newsletter. 
What do you call this optis 

608
00:32:49,520 --> 00:32:53,400
newsletter post? 
I don't know what the exact 

609
00:32:53,840 --> 00:32:55,840
blog, but no. 
But it's more than a blog. 

610
00:32:55,840 --> 00:32:57,040
You can't just call this A blog 
dude. 

611
00:32:57,040 --> 00:32:58,680
This is super professional. 
Look at this. 

612
00:32:58,680 --> 00:33:00,640
Man, this is really well done. 
I don't know. 

613
00:33:00,720 --> 00:33:03,280
Great mimetics. 
From Marty Bent, Great Mimetics.

614
00:33:03,280 --> 00:33:06,920
And journalism from Marty Bent. 
This is incredible guys. 

615
00:33:06,920 --> 00:33:11,400
Check out Marty Bent's you know,
a blog or news publication. 

616
00:33:11,400 --> 00:33:13,560
Go to TFTC dot IO. 
It's incredible. 

617
00:33:13,840 --> 00:33:16,560
Anyways, the headline is the 
Biden administration wants to 

618
00:33:16,560 --> 00:33:19,200
create a registry of Bitcoin 
miners. 

619
00:33:19,200 --> 00:33:21,560
It goes on to say earlier today 
the Biden administration 

620
00:33:21,560 --> 00:33:24,560
announced an emergency data 
collection initiative targeted 

621
00:33:24,560 --> 00:33:28,160
at Bitcoin mining operations in 
the US via the US Energy 

622
00:33:28,160 --> 00:33:31,320
Information Administration, an 
independent sub agency of the 

623
00:33:31,320 --> 00:33:33,800
Department of Energy. 
It seems that the administration

624
00:33:33,800 --> 00:33:36,760
is identifying the electricity 
usage of Bitcoin of the Bitcoin 

625
00:33:36,760 --> 00:33:40,080
mining industry as an emergency 
that is threatening grid 

626
00:33:40,080 --> 00:33:43,480
stability throughout the US, as 
is evidenced by the name of the 

627
00:33:43,480 --> 00:33:47,160
survey proposed energy survey, 
crypto mining facilities. 

628
00:33:47,440 --> 00:33:50,000
Here's the press release in the 
official filing from the from 

629
00:33:50,000 --> 00:33:51,840
the EIA. 
So we read you some of that 

630
00:33:51,840 --> 00:33:54,400
already. 
But he goes on to say when I 

631
00:33:54,400 --> 00:33:57,280
read the press release and the 
filing, my initial thoughts was 

632
00:33:57,280 --> 00:33:59,960
quote interesting. 
Maybe this will turn out to be 

633
00:33:59,960 --> 00:34:01,560
innate positive for the 
industry. 

634
00:34:01,680 --> 00:34:05,120
The EIA has made some pretty 
naive assumptions in the survey 

635
00:34:05,120 --> 00:34:08,000
should conclude that Bitcoin 
miners have provided clear 

636
00:34:08,000 --> 00:34:10,920
benefits to the grid systems 
that they operate within, 

637
00:34:11,120 --> 00:34:14,239
especially those who operate in 
demand response programs that 

638
00:34:14,239 --> 00:34:16,840
ensure reliable electricity is 
available to residential 

639
00:34:16,960 --> 00:34:19,560
consumers during times times of 
peak demand. 

640
00:34:19,760 --> 00:34:22,960
But after some thought, that 
initial inclination felt a bit 

641
00:34:22,960 --> 00:34:25,159
naive. 
Data from Bitcoin miners 

642
00:34:25,159 --> 00:34:29,000
participating in demand response
programs and others taking care 

643
00:34:29,000 --> 00:34:32,639
of escape method emissions might
be Mining off grid using natural

644
00:34:32,639 --> 00:34:35,440
gas that would otherwise be 
flared or stranded and 

645
00:34:35,440 --> 00:34:37,880
unmaintained has been public for
years. 

646
00:34:37,880 --> 00:34:41,360
There is no need for a forced 
survey on the industry out of 

647
00:34:41,360 --> 00:34:43,800
nowhere. 
That's when I decided to look at

648
00:34:43,800 --> 00:34:47,560
the actual survey. 
Upon review, it proves to me of 

649
00:34:47,560 --> 00:34:50,199
the more Aurelian things I've 
seen come out of this 

650
00:34:50,199 --> 00:34:52,280
administration and that's saying
a lot. 

651
00:34:52,280 --> 00:34:55,760
If you dig into the information 
that the EIA the EIA is 

652
00:34:55,760 --> 00:35:00,440
requesting, it looks like as if 
the EIA is setting out to create

653
00:35:00,480 --> 00:35:04,280
hyper detailed registry of 
mining operations in the United 

654
00:35:04,280 --> 00:35:08,600
States, getting as granular as 
to request specific information 

655
00:35:08,600 --> 00:35:11,120
about mining fleets and hash 
rate data. 

656
00:35:11,520 --> 00:35:15,720
As with any dystopian edict put 
forth by a government gone mad 

657
00:35:15,720 --> 00:35:19,760
with perceived power, the survey
starts out with an overt threat.

658
00:35:20,000 --> 00:35:22,320
Your response is required by 
law. 

659
00:35:22,480 --> 00:35:26,280
This report is mandatory under 
the Federal Energy 

660
00:35:26,280 --> 00:35:28,720
Administration Act. 
Not only does it start with a 

661
00:35:28,720 --> 00:35:32,080
threat, but it requires that all
commercial cryptocurrency mining

662
00:35:32,080 --> 00:35:35,640
facilities in the United States 
response This is utterly insane.

663
00:35:35,800 --> 00:35:39,320
Before we opine on the insanity,
let's dive into the information 

664
00:35:39,320 --> 00:35:42,640
the government is expecting the 
mining industry to fork over. 

665
00:35:42,760 --> 00:35:45,640
Miners will be expected to 
provide information about their 

666
00:35:45,640 --> 00:35:49,200
companies, where they're 
domiciled, and the addresses of 

667
00:35:49,200 --> 00:35:52,200
where the operations are 
located, as well as a point of 

668
00:35:52,200 --> 00:35:56,200
contact for the EIA. 
The companies will also be 

669
00:35:56,200 --> 00:35:59,120
required to identify whether 
they're running operations that 

670
00:35:59,120 --> 00:36:01,000
involve proof of stake or proof 
of work. 

671
00:36:01,440 --> 00:36:04,120
They will need to tell daddy 
government how many mining 

672
00:36:04,120 --> 00:36:06,920
facilities they operate. 
After that, they will be 

673
00:36:06,920 --> 00:36:09,680
expected to disclose the 
location of their individual 

674
00:36:09,680 --> 00:36:14,040
operations, including geographic
coordinates, the amount of 

675
00:36:14,040 --> 00:36:17,360
electricity that was consumed at
the facility altogether 

676
00:36:17,520 --> 00:36:20,240
regardless of whether or not the
miner has any control of the 

677
00:36:20,240 --> 00:36:21,880
electricity that it is not 
using. 

678
00:36:22,240 --> 00:36:24,760
From there they will have to 
disclose the percentage of the 

679
00:36:24,760 --> 00:36:27,520
facilities electricity 
consumption that was used 

680
00:36:27,520 --> 00:36:30,840
specifically for mining and 
doxing their electric service 

681
00:36:30,840 --> 00:36:33,120
provider. 
Next up, they will have to 

682
00:36:33,120 --> 00:36:35,560
somehow come up with the average
percentage of all the 

683
00:36:35,560 --> 00:36:38,800
electricity dedicated to Bitcoin
mining at different energy 

684
00:36:38,800 --> 00:36:42,200
suppliers and again doxing them.
And at last, but certainly 

685
00:36:42,480 --> 00:36:46,400
certainly not least, miners will
be expected to give detailed 

686
00:36:46,400 --> 00:36:48,200
information about their mining 
fleets. 

687
00:36:48,200 --> 00:36:51,440
The EIA wants to know the 
numbers of ASIC miners are 

688
00:36:51,440 --> 00:36:53,240
running at individual individual
facilities. 

689
00:36:53,440 --> 00:36:56,560
The model of those numbers will 
be determined by cross 

690
00:36:56,560 --> 00:36:59,240
referencing the age of the miner
with a different model, the 

691
00:36:59,240 --> 00:37:02,360
amount of energy needed to power
these mining machines, the 

692
00:37:02,360 --> 00:37:06,360
maximum amount of hash rate they
produce during the reporting 

693
00:37:06,360 --> 00:37:09,000
procedure. 
So I think you guys get the 

694
00:37:09,000 --> 00:37:11,040
point. 
Marty did an incredible job 

695
00:37:11,040 --> 00:37:15,240
summary summarizing all of this.
I think this image of Biden in 

696
00:37:15,240 --> 00:37:19,480
like, you know, the Soviet type 
general uniform is extremely 

697
00:37:19,480 --> 00:37:22,600
appropriate here. 
This is dystopian AF. 

698
00:37:22,600 --> 00:37:25,640
This is crazy. 
They're forcing people to 

699
00:37:25,640 --> 00:37:28,720
register their, you know what 
comes after you register 

700
00:37:28,720 --> 00:37:32,320
something with the government. 
They build an extensive list of 

701
00:37:32,320 --> 00:37:35,360
where that thing is located, 
where they can find it. 

702
00:37:35,480 --> 00:37:38,040
You know what comes after that 
seizure? 

703
00:37:38,480 --> 00:37:39,960
Why else would they want this 
type? 

704
00:37:39,960 --> 00:37:41,920
OK, let me ask you guys 
something. 

705
00:37:42,800 --> 00:37:45,920
Video games use more electricity
than Bitcoin miners. 

706
00:37:46,200 --> 00:37:49,600
Toasters use probably more 
washing machines. 

707
00:37:50,360 --> 00:37:53,480
Do you see them going out in 
public and saying please 

708
00:37:53,480 --> 00:37:57,920
register your washing machines 
with the US government? 

709
00:37:58,240 --> 00:38:01,000
This is clearly politically 
motivated. 

710
00:38:01,160 --> 00:38:05,560
This has nothing to do with 
energy consumption, just how in 

711
00:38:05,560 --> 00:38:09,120
El Salvador, it has nothing to 
do with El Salvador being a 

712
00:38:09,120 --> 00:38:12,360
threat to democracy. 
What this is really about is 

713
00:38:12,360 --> 00:38:16,920
that Bitcoin and Bitcoin mining 
and El Salvador doing its doing 

714
00:38:16,920 --> 00:38:19,960
its thing is a threat to the 
status quo. 

715
00:38:20,080 --> 00:38:23,320
But they cannot overtly say that
because it's too obvious. 

716
00:38:23,760 --> 00:38:25,440
So they're using anything that 
sticks. 

717
00:38:25,600 --> 00:38:28,960
This is a clear attack. 
This is a complete violation of 

718
00:38:28,960 --> 00:38:31,680
the 4th Amendment, which is no 
unreasonable searches and 

719
00:38:31,680 --> 00:38:33,560
seizures. 
This is crazy. 

720
00:38:33,560 --> 00:38:36,880
This is insane, right? 
And this like and of course. 

721
00:38:36,880 --> 00:38:39,800
And if they get into a pickle, 
what what will this lead to? 

722
00:38:40,000 --> 00:38:43,440
Seizure and confiscation. 
All the Bitcoin miners should 

723
00:38:43,440 --> 00:38:45,680
stand up and should say no to 
this. 

724
00:38:45,840 --> 00:38:49,440
This is completely this is UN 
American and this is insane. 

725
00:38:49,560 --> 00:38:51,520
What is? 
This is a communist country. 

726
00:38:51,920 --> 00:38:54,600
This is absurdity. 
Like I, I, I, I don't have any 

727
00:38:54,600 --> 00:38:56,840
more comments. 
Anyways, Adam, what's your take 

728
00:38:56,840 --> 00:38:58,160
on this bro? 
I mean it. 

729
00:38:58,200 --> 00:38:58,560
It. 
No. 

730
00:38:58,560 --> 00:39:03,040
And not to mention, guys, this 
came the day after the news from

731
00:39:03,040 --> 00:39:05,320
Europe came, right? 
So it looks like this is a 

732
00:39:05,320 --> 00:39:10,080
global type of event by 
governments to attack the 

733
00:39:10,080 --> 00:39:11,240
industry. 
In my opinion. 

734
00:39:11,880 --> 00:39:15,840
Dude it. 
That, that word, the emergency 

735
00:39:15,920 --> 00:39:18,720
word that they threw in there a 
couple times, it triggers me so 

736
00:39:18,720 --> 00:39:20,280
hard. 
I was just going through, like 

737
00:39:20,360 --> 00:39:23,360
recently in Canada. 
So we all know about the trucker

738
00:39:23,360 --> 00:39:26,360
protest that happened, and then 
our government froze a bunch of 

739
00:39:26,360 --> 00:39:29,240
bank accounts because of the 
emergency of the trucker's 

740
00:39:29,240 --> 00:39:30,960
protest and that they couldn't 
leave the country. 

741
00:39:31,840 --> 00:39:34,880
It turns out now, two years 
later, finally our incredible 

742
00:39:35,360 --> 00:39:38,120
judicial system gets to it and 
it turns out that was illegal. 

743
00:39:38,480 --> 00:39:40,560
And so doesn't really matter 
that it was illegal. 

744
00:39:40,560 --> 00:39:42,920
There's no penalties. 
The federal government's going 

745
00:39:42,920 --> 00:39:46,480
to waste a bunch of money 
appealing that decision and and 

746
00:39:46,480 --> 00:39:48,760
at the end of the day the 
government chose out there was 

747
00:39:48,760 --> 00:39:52,640
an emergency that they didn't 
like and then confiscated and 

748
00:39:52,640 --> 00:39:54,920
made it very, very difficult for
people to live who were 

749
00:39:54,920 --> 00:39:59,880
participating in that emergency 
and will continue to go on to 

750
00:39:59,880 --> 00:40:02,200
control people. 
I think someone I think his name

751
00:40:02,200 --> 00:40:06,200
was Phil said it confiscation is
what happens after registration.

752
00:40:06,320 --> 00:40:09,600
I have so many thoughts and so 
many feelings about how 

753
00:40:09,600 --> 00:40:13,000
dangerous it is when a 
government decides that they 

754
00:40:13,000 --> 00:40:16,080
want to. 
Attack something and that's why 

755
00:40:16,080 --> 00:40:19,200
it's so important that we, I 
mean like this sounds a little 

756
00:40:19,200 --> 00:40:23,040
bit self-serving, get your coins
in your hand, buy a passport, 

757
00:40:23,360 --> 00:40:27,640
like just go and do something 
that takes the power away from 

758
00:40:27,640 --> 00:40:29,200
the government to be able to do 
it up. 

759
00:40:29,240 --> 00:40:31,920
I don't think you can see it, 
but just hanging right there is 

760
00:40:31,920 --> 00:40:36,120
the the, the executive president
order where they confiscated all

761
00:40:36,120 --> 00:40:41,040
the gold in 1933 and and somehow
miraculously, gold prices 

762
00:40:41,040 --> 00:40:44,160
doubled after they confiscated 
the gold nearly 100 years ago. 

763
00:40:44,760 --> 00:40:47,400
That gold was only able to be 
confiscated because A people 

764
00:40:47,400 --> 00:40:49,240
complied and B, gold was in 
custody. 

765
00:40:49,600 --> 00:40:53,360
And so you know, registration is
the first, is the first step 

766
00:40:53,520 --> 00:40:55,800
towards custody. 
We've seen an attack in the EU 

767
00:40:55,800 --> 00:40:58,080
as you guys were talking about 
the other day on personal 

768
00:40:58,080 --> 00:41:00,240
wallets, like now they're going 
after minors. 

769
00:41:00,240 --> 00:41:04,560
This is 100% fabricated. 
This is 100% A A a concerted 

770
00:41:04,560 --> 00:41:08,840
effort to make people less 
sovereign because when sovereign

771
00:41:08,840 --> 00:41:11,600
individuals arise, when 
sovereign individuals are are 

772
00:41:11,600 --> 00:41:15,320
empowered, they are way harder 
to control and therefore harder 

773
00:41:15,320 --> 00:41:19,240
to push a narrative on to. 
So I think all of that is is 

774
00:41:19,640 --> 00:41:22,440
preposterous. 
I'm surprised that our 

775
00:41:22,440 --> 00:41:25,480
government hasn't done that and 
I think like with an ounce of 

776
00:41:25,480 --> 00:41:28,080
research, government should be 
able to see what we were saying.

777
00:41:28,080 --> 00:41:33,040
Like Bitcoin literally 
incentivizes miners to to find 

778
00:41:33,040 --> 00:41:37,040
better, cleaner, AKA cheaper 
ways to produce energy. 

779
00:41:37,040 --> 00:41:40,840
Using stranded gas to mine 
Bitcoin is an incredible net 

780
00:41:40,840 --> 00:41:43,560
benefit no matter what way you 
look at it. 

781
00:41:43,720 --> 00:41:46,600
It's a way that you can 
literally move stranded energy 

782
00:41:46,600 --> 00:41:49,720
and the value that stranded 
energy has from point A to point

783
00:41:49,720 --> 00:41:53,200
B without infrastructure. 
You have a free open source 

784
00:41:53,200 --> 00:41:57,640
piece of infrastructure to move 
that value across and we just, 

785
00:41:58,600 --> 00:42:01,880
it's mind blowing to me that 
this kind of propaganda actually

786
00:42:01,880 --> 00:42:05,120
works. 
And and I think this is a very 

787
00:42:05,120 --> 00:42:09,160
key point in history where we 
see the politicians getting a 

788
00:42:09,160 --> 00:42:13,520
little bit cocky and and you can
see how out of touch they are. 

789
00:42:13,520 --> 00:42:16,360
Where in the past, like up until
the Internet, you know, up until

790
00:42:16,360 --> 00:42:19,600
really, really even social 
media, up until 1015 years ago, 

791
00:42:19,840 --> 00:42:24,320
they had 100% control over the 
narrative and they continue to 

792
00:42:24,360 --> 00:42:26,760
think that they have that. 
They don't realize that we have 

793
00:42:26,760 --> 00:42:29,000
independent media. 
They don't realize that we have 

794
00:42:29,200 --> 00:42:33,200
protocols like Noster where free
thought is able to be progressed

795
00:42:33,200 --> 00:42:36,200
and free thought is able to be 
mass distributed. 

796
00:42:36,600 --> 00:42:40,600
And I think that it's important 
that we all understand the FUD 

797
00:42:40,760 --> 00:42:44,640
that is happening here and that 
we all identify, hey like this 

798
00:42:44,640 --> 00:42:48,240
is not a fact, this is wrong. 
And here's the steps to prove 

799
00:42:48,400 --> 00:42:53,560
that this is wrong. 
I I, I can probably rant forever

800
00:42:53,680 --> 00:42:57,320
and I might start crying soon. 
So maybe no, it's good. 

801
00:42:57,760 --> 00:42:58,240
It's. 
Good. 

802
00:42:58,400 --> 00:43:00,000
Hell yeah. 
That means you're passionate, 

803
00:43:00,000 --> 00:43:02,040
bro. 
I dude, I I dude, I get fucking 

804
00:43:02,040 --> 00:43:05,560
teary eyed when when some some 
shit goes down, dude. 

805
00:43:05,680 --> 00:43:09,560
So like, yeah, 100% man, 100%. 
It's terrifying, man. 

806
00:43:09,560 --> 00:43:11,560
Like. 
I like we I've got so many 

807
00:43:11,560 --> 00:43:13,760
stories about the EU. 
We actually tried to expand it 

808
00:43:13,760 --> 00:43:16,880
into the EU and the government 
made it impossible for Bitcoin 

809
00:43:16,880 --> 00:43:20,760
ATM companies to to to work. 
They didn't make it illegal, 

810
00:43:20,960 --> 00:43:22,760
they just made it impossible to 
function. 

811
00:43:22,760 --> 00:43:26,960
This is step one of making it 
impossible to mine Bitcoin. 

812
00:43:26,960 --> 00:43:30,280
This is step one of getting all 
of that energy, all of that hash

813
00:43:30,280 --> 00:43:32,360
rate under one centralized 
control. 

814
00:43:32,360 --> 00:43:35,920
What are we going to see next? 
That only only the ETF providers

815
00:43:35,920 --> 00:43:38,640
are able to mine Bitcoin because
it's more democratic, because 

816
00:43:38,640 --> 00:43:41,400
it's safer for everything. 
Like it's it's it's 

817
00:43:41,400 --> 00:43:43,120
preposterous. 
And you can see the writing on 

818
00:43:43,120 --> 00:43:46,640
the wall that freedom money is 
bad for corrupt politics. 

819
00:43:47,120 --> 00:43:49,840
We have corrupt politics now we 
have freedom money. 

820
00:43:49,880 --> 00:43:53,200
Let's fight 100% A. 100 
beautifully put, beautifully 

821
00:43:53,200 --> 00:43:55,040
put. 
Opti, what's your take on this? 

822
00:43:55,200 --> 00:43:58,440
I mean, opti's gonna go ham. 
Opti Opti's opti's not 

823
00:43:58,440 --> 00:44:00,640
surprised. 
Yeah, I was just about to say I 

824
00:44:00,640 --> 00:44:02,200
I'm. 
Not I'm not surprised at all. 

825
00:44:02,240 --> 00:44:05,360
And you know, I I can't really 
add too much to what you guys 

826
00:44:05,360 --> 00:44:10,000
are saying except for like not 
being surprised and and you know

827
00:44:10,000 --> 00:44:13,800
Nico as as a Venezuelan and and 
then Marty lays this out great 

828
00:44:13,800 --> 00:44:16,000
in that article that you guys 
should go read, read the whole 

829
00:44:16,000 --> 00:44:18,400
thing. 
We do have precedent for this 

830
00:44:18,400 --> 00:44:21,520
guys like first they tag and bag
your minors and then they come 

831
00:44:21,520 --> 00:44:24,520
and confiscate them and they did
this in Venezuela. 

832
00:44:24,640 --> 00:44:26,920
And I'm not surprised that we're
seeing this happen. 

833
00:44:27,080 --> 00:44:31,480
Of course, like they're going to
use this emergency you know, 

834
00:44:31,480 --> 00:44:36,440
energy whatever proposal to make
sure that they try to frighten 

835
00:44:36,440 --> 00:44:40,240
everyone into doxing their 
literal, what's it coordinates 

836
00:44:40,240 --> 00:44:43,120
like It's absolutely incredible 
that this is where we are. 

837
00:44:43,480 --> 00:44:46,680
Of course, you know I'm kind of 
with Marty bent here where we 

838
00:44:46,680 --> 00:44:50,840
say like is this where we all 
just have supreme non compliance

839
00:44:50,840 --> 00:44:53,120
to what they're saying, just 
throw away these letters in the 

840
00:44:53,120 --> 00:44:57,440
mail and just never get the 
letter and never, never actually

841
00:44:57,440 --> 00:45:00,560
report where you are. 
But I mean am I surprised? 

842
00:45:00,560 --> 00:45:02,520
Not at all. 
It's just it's almost very 

843
00:45:02,640 --> 00:45:06,680
interesting that they do this in
such like a very subtle way 

844
00:45:06,680 --> 00:45:09,040
where they're like, yeah, just 
tell us where everything is and 

845
00:45:09,040 --> 00:45:10,960
then, hey, we're here to protect
you. 

846
00:45:10,960 --> 00:45:13,640
We just want to survey what's 
going on with the energy, with 

847
00:45:13,640 --> 00:45:17,080
the electricity usage and then 
literally tell us everything you

848
00:45:17,080 --> 00:45:22,720
have in your business and your 
land with all your miners. 

849
00:45:23,120 --> 00:45:25,560
And then, you know, maybe later 
in a year or two, we're gonna 

850
00:45:25,560 --> 00:45:29,560
come confiscate all your miners.
And basically now the state owns

851
00:45:29,560 --> 00:45:31,680
all of these miners and we're 
doing what's best for the 

852
00:45:31,680 --> 00:45:35,640
country. 
And little like to Adam's point 

853
00:45:37,040 --> 00:45:42,120
as much as I would like to 
believe that by providing them 

854
00:45:42,120 --> 00:45:46,720
this information like we we 
could basically turn the tide 

855
00:45:46,720 --> 00:45:49,120
and and in the propaganda and be
like look this is what's 

856
00:45:49,120 --> 00:45:51,440
actually going on. 
I'm just wholly convinced that 

857
00:45:51,440 --> 00:45:54,800
it doesn't matter what we tell 
them whether you know like we 

858
00:45:54,800 --> 00:45:58,720
have we have precedent for this 
like we have ERCOT in Texas 

859
00:45:58,720 --> 00:46:02,520
showing and proving that Bitcoin
mining improves the electricity 

860
00:46:02,520 --> 00:46:05,600
grid. 
We have countless examples of 

861
00:46:05,600 --> 00:46:10,160
Bitcoin using stranded energy, 
literally helping small cities 

862
00:46:10,160 --> 00:46:13,680
and small towns improve their 
electricity, providing jobs. 

863
00:46:13,840 --> 00:46:16,720
None of this matters. 
All they really care about is 

864
00:46:16,720 --> 00:46:19,760
just doubling down on the 
climate change FUD and and 

865
00:46:19,760 --> 00:46:23,160
scaring people and basically 
saying you know, moving from, oh

866
00:46:23,160 --> 00:46:26,200
we're going to boil the oceans 
to what Bitcoin uses too much 

867
00:46:26,200 --> 00:46:28,440
energy to. 
These bitcoiners don't care 

868
00:46:28,440 --> 00:46:30,480
about the environment and we 
should shut them down. 

869
00:46:30,800 --> 00:46:34,360
And like Adam said, until people
wake up to the propaganda and 

870
00:46:34,360 --> 00:46:38,040
the FUD like, they will continue
to use these low hanging fruit 

871
00:46:38,760 --> 00:46:41,280
excuses for trying to clamp down
on Bitcoin. 

872
00:46:41,280 --> 00:46:44,520
And someone trolled in the chat 
saying finally the US government

873
00:46:44,520 --> 00:46:46,600
knows that Bitcoin is going up 
forever. 

874
00:46:46,800 --> 00:46:49,960
Like, I love the highlighted 
portion that Pierre Rochard said

875
00:46:49,960 --> 00:46:53,240
it's like, no, there's a Federal
Emergency because Bitcoin is 

876
00:46:53,240 --> 00:46:55,120
winning too hard. 
You know, Bitcoin went up what, 

877
00:46:55,120 --> 00:46:57,720
50% last year? 
And Oh my God, they're going to 

878
00:46:57,720 --> 00:47:01,120
bring more, more miners to the 
network and they're going to use

879
00:47:01,120 --> 00:47:04,240
all the electricity. 
And like we wouldn't be in this 

880
00:47:04,240 --> 00:47:07,920
position if you guys weren't 
robbing everyone blind with Fiat

881
00:47:07,920 --> 00:47:09,560
money. 
Like this is the whole reason 

882
00:47:09,560 --> 00:47:11,880
for Bitcoin. 
Literally anything you guys do 

883
00:47:12,120 --> 00:47:15,240
in the federal government or 
central bankers like you are the

884
00:47:15,240 --> 00:47:18,360
very reason for Bitcoin's 
existence in the 1st place. 

885
00:47:18,760 --> 00:47:21,360
And we've been saying this for a
while Nico, that we're going to 

886
00:47:21,360 --> 00:47:26,240
constantly hear them yell and 
scream and re about Bitcoin 

887
00:47:26,240 --> 00:47:29,840
about either it's you know I 
don't know at this point what 

888
00:47:29,840 --> 00:47:31,840
their next one their next excuse
is. 

889
00:47:31,840 --> 00:47:34,080
You know it's a threat to 
democracy I'm sure is coming 

890
00:47:34,080 --> 00:47:36,200
down the pipeline that that's 
the next I'm I'm. 

891
00:47:36,320 --> 00:47:38,600
Calling right now Bitcoin is a 
threat to. 

892
00:47:38,600 --> 00:47:40,560
Democracy. 
That's literally, literally said

893
00:47:40,560 --> 00:47:43,760
in that article. 
Oh, Bitcoin is going up too much

894
00:47:43,760 --> 00:47:45,880
in price. 
And now we got a check for 

895
00:47:45,880 --> 00:47:49,400
environmental issues. 
It's like Bitcoin's winning way 

896
00:47:49,400 --> 00:47:50,880
too hard. 
We got to stop this. 

897
00:47:50,960 --> 00:47:53,400
It's like people. 
People are protecting 

898
00:47:53,400 --> 00:47:55,680
themselves. 
Federal Emergency Bitcoin. 

899
00:47:55,680 --> 00:47:57,760
Is winning too hard? 
Winning too hard? 

900
00:47:58,240 --> 00:48:01,320
You know, like we need to 
confiscate more property because

901
00:48:01,320 --> 00:48:04,160
Bitcoin is winning too hard. 
Like this is the very reason for

902
00:48:04,160 --> 00:48:05,840
bitcoins existence in the first 
place. 

903
00:48:06,240 --> 00:48:09,840
So again, you know to the point 
I say this all the time and I 

904
00:48:09,840 --> 00:48:13,160
I'm not the first one to say 
this, but any attempt to ban 

905
00:48:13,160 --> 00:48:16,440
Bitcoin just proves the very 
reason why you need Bitcoin in 

906
00:48:16,440 --> 00:48:18,760
the 1st place. 
Bitcoin cannot be stopped. 

907
00:48:19,000 --> 00:48:23,000
So hey, if the US wants to shoot
themselves in the foot and stop 

908
00:48:23,000 --> 00:48:26,520
citizens from protecting 
themselves from outright theft 

909
00:48:26,520 --> 00:48:29,680
from these politicians, it just 
goes to show to me why we need 

910
00:48:29,680 --> 00:48:32,320
Bitcoin in the 1st place. 
Like this should be a signal for

911
00:48:32,320 --> 00:48:36,000
everyone to stack more Sats and 
and like if you're if you're 

912
00:48:36,000 --> 00:48:38,880
getting scared out of your 
position because of what's going

913
00:48:38,880 --> 00:48:41,640
on at the federal government 
central bankers and them like 

914
00:48:42,240 --> 00:48:46,400
you need to study Bitcoin more. 
This to me is a is a buy signal 

915
00:48:46,400 --> 00:48:48,920
not a sell signal. 
You should be stacking harder 

916
00:48:48,920 --> 00:48:51,600
now. 
Especially when you know the 

917
00:48:51,600 --> 00:48:54,720
police of the world is telling 
you, hey we want to rob you 

918
00:48:54,720 --> 00:48:56,960
more. 
You need to not save in Bitcoin.

919
00:48:56,960 --> 00:48:59,520
It's absolutely ludicrous, 100% 
a hundred. 

920
00:48:59,520 --> 00:49:01,400
Percent All right, ladies and 
gentlemen, let's get to the 

921
00:49:01,400 --> 00:49:03,440
culture. 
Let's talk about the Bitcoin. 

922
00:49:03,440 --> 00:49:07,160
Well, let's talk about Adam. 
Let's talk about what we have 

923
00:49:07,160 --> 00:49:09,080
planned over the next six 
months. 

924
00:49:09,080 --> 00:49:12,480
I'm incredibly excited and 
honestly I'm honored for this 

925
00:49:12,480 --> 00:49:15,280
partnership. 
Adam and I met in Calgary at the

926
00:49:15,280 --> 00:49:19,320
Bitcoin Rodeo and we just hit it
off ever since and really, 

927
00:49:19,320 --> 00:49:21,880
really excited to talk about 
this and we're going to take a 

928
00:49:21,880 --> 00:49:25,440
different approach to this guy. 
So we want the community to be 

929
00:49:25,440 --> 00:49:29,240
involved in this process, in 
this roll out because what is 

930
00:49:29,240 --> 00:49:32,960
being, what is being tried, what
is being tried to achieve like 

931
00:49:32,960 --> 00:49:35,800
what we're trying to achieve 
what simply Bitcoin and what the

932
00:49:35,800 --> 00:49:39,120
Bitcoin well is trying to 
achieve is, is a very, very hard

933
00:49:39,120 --> 00:49:40,960
feat. 
It's very, very difficult. 

934
00:49:41,360 --> 00:49:45,520
We're trying to push Bitcoin by 
default, right? 

935
00:49:45,800 --> 00:49:49,120
So the, the, the, and again, not
to bash on anybody, whatever, 

936
00:49:49,120 --> 00:49:51,920
you know, just to make that very
clear, right? 

937
00:49:52,040 --> 00:49:56,520
But Bitcoin by default is 
difficult because essentially 

938
00:49:56,600 --> 00:50:00,000
it's like, no, you can't 
purchase Bitcoin unless you're 

939
00:50:00,000 --> 00:50:02,240
going to take self custody of 
that Bitcoin, right? 

940
00:50:02,480 --> 00:50:05,480
So it's a, it's a, it's a it's 
in my opinion, it's a very noble

941
00:50:05,480 --> 00:50:07,160
'cause. 
I think it's a noble 'cause. 

942
00:50:07,240 --> 00:50:10,320
I think it's a necessary cause 
because this is how we win, 

943
00:50:10,320 --> 00:50:12,840
ladies and gentlemen, This is 
how we win the revolution. 

944
00:50:13,640 --> 00:50:17,760
Just because, you know, you have
your Bitcoin in an ETF, Look at 

945
00:50:17,760 --> 00:50:19,880
how they're talking about 
Bitcoin miners. 

946
00:50:20,160 --> 00:50:22,360
They're forcing Bitcoin miners 
to register. 

947
00:50:22,600 --> 00:50:24,760
Are you trying to tell me that 
if the US government gets 

948
00:50:24,760 --> 00:50:27,360
trapped into a corner, you know,
they're going to be looking at 

949
00:50:27,360 --> 00:50:29,360
that and they're like they're 
going to 6102 it. 

950
00:50:29,560 --> 00:50:32,480
And I think, Adam, I think that,
you know, plays close to your 

951
00:50:32,480 --> 00:50:35,840
heart like if you have a picture
of the six 102 order, you know, 

952
00:50:35,840 --> 00:50:39,480
in your office, you know, I'm 
sure that that that means a lot 

953
00:50:39,520 --> 00:50:43,080
that that's very symbolic in my 
opinion, dude, that's literally.

954
00:50:43,600 --> 00:50:46,360
The mission is to enable 
independence and every single 

955
00:50:46,360 --> 00:50:49,480
product, every single line of 
code that goes into this Bitcoin

956
00:50:49,480 --> 00:50:53,440
platform is a is a line of code 
that is written to further the 

957
00:50:53,440 --> 00:50:57,600
mission to enable independence. 
And it's way harder. 

958
00:50:57,600 --> 00:51:02,840
It is like 9 billion times 
harder to build a platform where

959
00:51:03,120 --> 00:51:06,560
we don't keep people's Bitcoin, 
but it's it's just it's what is 

960
00:51:06,560 --> 00:51:10,400
so important when you're on a 
mission to enable independence. 

961
00:51:10,400 --> 00:51:12,560
I'm not interested in giving 
people price exposure. 

962
00:51:12,720 --> 00:51:14,760
I'm not interested in giving 
people paper Bitcoin. 

963
00:51:14,960 --> 00:51:18,080
I'm not interested either in 
being tapped on the shoulder by 

964
00:51:18,080 --> 00:51:20,680
Uncle Sam and saying yo give me 
opti's Bitcoin. 

965
00:51:20,680 --> 00:51:23,640
That does not interest me. 
I want to say no, I don't have 

966
00:51:23,640 --> 00:51:26,800
Opti's Bitcoin because we are a 
self custody platform. 

967
00:51:27,160 --> 00:51:30,120
I don't have anyone's Bitcoin. 
I have 0 customer Bitcoin. 

968
00:51:30,320 --> 00:51:34,440
If I and we as a company 
disappear tomorrow, there would 

969
00:51:34,440 --> 00:51:37,120
be 0 customer losses, period. 
Ever. 

970
00:51:37,320 --> 00:51:38,440
And that's the way that it 
should be. 

971
00:51:38,520 --> 00:51:42,680
And I think that we should stop.
We collectively as a community, 

972
00:51:42,880 --> 00:51:46,600
should stop tolerating Fiat 
principles being applied to 

973
00:51:46,720 --> 00:51:48,720
sovereign money. 
We should look at this from the 

974
00:51:48,720 --> 00:51:50,840
ground up. 
What is Bitcoin built for? 

975
00:51:50,840 --> 00:51:52,680
Independence. 
What is Bitcoin built for? 

976
00:51:52,760 --> 00:51:56,400
Freedom of people, Freedom of 
money, self custody, 

977
00:51:56,400 --> 00:51:59,720
self-control, the ability to run
the numbers, the ability to to 

978
00:51:59,720 --> 00:52:01,520
understand where your value 
goes. 

979
00:52:01,760 --> 00:52:06,640
And that's what we need to give.
So it's not Bitcoin is like I've

980
00:52:06,680 --> 00:52:10,680
I've been in this industry for 
for over a decade now. 

981
00:52:11,000 --> 00:52:14,520
And that Bitcoin journey, when 
you have a long Bitcoin journey,

982
00:52:14,680 --> 00:52:18,960
it starts with price and it goes
into sovereignty and then it 

983
00:52:18,960 --> 00:52:22,280
goes into even deeper than 
sovereignty, which is your 

984
00:52:22,280 --> 00:52:26,080
entire relationship with the 
world and with the value that 

985
00:52:26,080 --> 00:52:29,080
the world creates and the value 
that you can create in the world

986
00:52:29,280 --> 00:52:31,920
and the protection of that 
value. 

987
00:52:32,200 --> 00:52:34,960
You have to be diligent. 
You have to understand what 

988
00:52:34,960 --> 00:52:37,840
you're providing to the world 
and you have to safeguard that 

989
00:52:38,160 --> 00:52:41,400
at all costs. 
And so we we, we know we're 

990
00:52:41,400 --> 00:52:43,880
fighting an uphill battle. 
We know it's harder. 

991
00:52:44,040 --> 00:52:47,600
We know it's inconvenient to, 
to, you know, get a public 

992
00:52:47,600 --> 00:52:50,160
address. 
In some cases you can't, just 

993
00:52:50,440 --> 00:52:53,480
like we don't. 
We just don't allow you to, to 

994
00:52:53,480 --> 00:52:55,440
keep Bitcoin on the platform. 
It's not what we're about. 

995
00:52:55,480 --> 00:52:58,560
So I love it when you sign up, 
literally before you can link a 

996
00:52:58,560 --> 00:53:00,960
bank account, you put a Bitcoin 
address in it's number. 

997
00:53:00,960 --> 00:53:03,280
Well, yeah dude. 
This is the way. 

998
00:53:03,280 --> 00:53:05,560
This is the way anyway. 
So we're going to get more. 

999
00:53:05,560 --> 00:53:08,040
We're going to dive deeper into 
that during the culture. 

1000
00:53:08,040 --> 00:53:11,560
But first we got to hear a 
little bit from our sponsors, 

1001
00:53:11,560 --> 00:53:13,080
because the ones that keep the 
lights on. 

1002
00:53:13,080 --> 00:53:16,720
So first I want to talk about 
Bitcoin evangelism. 

1003
00:53:16,800 --> 00:53:18,960
This is the tool. 
This is the book that you need 

1004
00:53:18,960 --> 00:53:22,000
to arm yourself with the 
knowledge to Orange peel, the 

1005
00:53:22,000 --> 00:53:24,880
next 10 million people. 
Bitcoin Evangelism by Brian De 

1006
00:53:24,880 --> 00:53:28,600
Mint is an absolute beast of a 
resource for orange peeling, no 

1007
00:53:28,600 --> 00:53:31,600
coiners and all coiners alike. 
This is a book for bitcoiners 

1008
00:53:31,600 --> 00:53:34,320
who know Bitcoin but have a hard
time explaining it to their 

1009
00:53:34,320 --> 00:53:36,160
friends. 
It's a book for Bitcoiners who 

1010
00:53:36,160 --> 00:53:39,120
are trying to explain Bitcoin 
only to all Coiners. 

1011
00:53:39,280 --> 00:53:41,000
It's available right now on 
Amazon. 

1012
00:53:41,000 --> 00:53:44,320
You could scan the QR code on 
your screen, or you could check 

1013
00:53:44,320 --> 00:53:45,960
the link in the video 
description. 

1014
00:53:46,160 --> 00:53:48,520
All right, everybody. 
Let's get to the culture to talk

1015
00:53:48,520 --> 00:53:53,400
about the Bitcoin. 
Well, the daily culture. 

1016
00:54:00,000 --> 00:54:02,680
All right. 
Oh, all right. 

1017
00:54:02,680 --> 00:54:06,000
Also, I want to tell you about 
our other sponsor, Kaboom Max. 

1018
00:54:06,000 --> 00:54:09,480
Kaboom Max, they're the most 
trusted place to buy, sell and 

1019
00:54:09,480 --> 00:54:12,840
host mining equipment. 
You can scan the QR code on your

1020
00:54:12,840 --> 00:54:14,920
screen right now. 
It'll take you directly to their

1021
00:54:14,920 --> 00:54:17,000
Telegram marketplace, where you 
can connect with a member of 

1022
00:54:17,000 --> 00:54:19,200
their sales team. 
They make purchasing their 

1023
00:54:19,200 --> 00:54:22,120
products easy and transparent. 
Could also sell your mining 

1024
00:54:22,120 --> 00:54:23,720
equipment. 
With them, you could access 

1025
00:54:23,720 --> 00:54:27,600
their vast network of domestic 
and international customers when

1026
00:54:27,600 --> 00:54:30,320
you sell your mining equipment 
with kaboom racks. 

1027
00:54:30,320 --> 00:54:32,560
This is the place that I trust. 
This is the place that I 

1028
00:54:32,560 --> 00:54:36,720
personally choose to buy and 
sell my Bitcoin mining A6. 

1029
00:54:36,720 --> 00:54:40,040
Check out Kaboom racks. 
My voice broke today. 

1030
00:54:40,280 --> 00:54:43,120
All right, everybody, So what's 
up, Adam? 

1031
00:54:43,120 --> 00:54:46,280
How you doing, man? 
I am so freaking pumped for the 

1032
00:54:47,920 --> 00:54:52,480
I'm so excited and you guys just
launched in the US this is 

1033
00:54:52,480 --> 00:54:55,840
perfect timing. 
You guys decided to expand to 

1034
00:54:55,840 --> 00:55:00,000
the and you guys are the first 
platform in the United States of

1035
00:55:00,000 --> 00:55:05,600
America to be Bitcoin self 
custody by default. 

1036
00:55:05,680 --> 00:55:08,960
That is a big effing statement 
in my opinion. 

1037
00:55:10,320 --> 00:55:13,520
Yeah, man, I'm stoked. 
And I think like Tom in the 

1038
00:55:13,520 --> 00:55:16,280
comments here, he's hitting the 
nail on the head boomers who 

1039
00:55:16,280 --> 00:55:18,200
aren't technology savvy enough 
to self custody. 

1040
00:55:18,200 --> 00:55:22,240
Yeah, like honestly this 
platform is going to be a little

1041
00:55:22,240 --> 00:55:23,760
bit more difficult for them to 
use. 

1042
00:55:24,080 --> 00:55:28,000
And we know that we are building
a platform and it starts with 

1043
00:55:28,520 --> 00:55:31,600
all of, like everyone watching 
right now is probably like 

1044
00:55:31,960 --> 00:55:35,240
probably technology savvy enough
to figure out how to self 

1045
00:55:35,240 --> 00:55:39,120
custody Bitcoin. 
And also knows how important it 

1046
00:55:39,120 --> 00:55:42,400
is to teach the boomers who 
aren't technology savvy enough 

1047
00:55:42,960 --> 00:55:46,720
to self custody their Bitcoin. 
No, Boomer was technologists 

1048
00:55:46,720 --> 00:55:49,680
having enough to send an e-mail 
10 years ago or sent a text 

1049
00:55:49,680 --> 00:55:53,280
message 10 years ago or like 
open up a video chat 10 years 

1050
00:55:53,280 --> 00:55:55,360
ago. 
And then all of the sudden 

1051
00:55:56,040 --> 00:55:59,080
that's what they had to do. 
And they figured it out and it 

1052
00:55:59,080 --> 00:56:02,000
started with you and I teaching 
them how to do that. 

1053
00:56:02,280 --> 00:56:05,520
And I think that's that's part 
of what we're here for. 

1054
00:56:05,520 --> 00:56:08,680
It's part of what we're asking. 
We're asking everyone part of 

1055
00:56:08,680 --> 00:56:10,960
the simply community. 
We're asking you guys, like, 

1056
00:56:11,520 --> 00:56:14,920
help us build the best self 
custody platform this world has 

1057
00:56:14,920 --> 00:56:18,720
ever seen. 
Help us truly embody our mission

1058
00:56:18,720 --> 00:56:23,720
to enable independence and help 
people buy real Bitcoin, not 

1059
00:56:23,720 --> 00:56:27,160
paper Bitcoin, not Bitcoin 
exposure, Bitcoin and Bitcoin 

1060
00:56:27,160 --> 00:56:29,760
only. 
And you know, I think it had a 

1061
00:56:29,760 --> 00:56:31,520
benefit. 
And why we're so excited to work

1062
00:56:31,520 --> 00:56:35,360
with with you guys is because 
like look at all of like we're 

1063
00:56:35,360 --> 00:56:38,000
not shilling bad products during
this. 

1064
00:56:38,000 --> 00:56:39,920
This show here like this is 
incredible. 

1065
00:56:39,920 --> 00:56:44,040
They are like tier one products 
that I either have personally 

1066
00:56:44,040 --> 00:56:48,040
used or would personally use. 
And the ethos is just so strong.

1067
00:56:49,040 --> 00:56:50,560
Bitcoin is not about price 
exposure. 

1068
00:56:50,640 --> 00:56:53,800
Bitcoin is about value 
preservation and I think that 

1069
00:56:54,240 --> 00:57:00,120
everyone can relate to that and 
we need, we need to do more 100%

1070
00:57:00,120 --> 00:57:03,720
we we. 
Do need we do more and the way 

1071
00:57:03,720 --> 00:57:07,440
that we do that is literally 
pushing self custody and it is 

1072
00:57:07,440 --> 00:57:10,840
in my opinion it is going to be 
the most difficult thing. 

1073
00:57:10,840 --> 00:57:14,480
That's the biggest leap in my 
opinion just based that and you 

1074
00:57:14,480 --> 00:57:17,400
know I told the the quick story 
about my my experience with my 

1075
00:57:17,400 --> 00:57:20,680
parents in the beginning of the 
show and I just I literally like

1076
00:57:20,680 --> 00:57:22,600
a light bulb came off in my 
head. 

1077
00:57:22,600 --> 00:57:27,000
I'm like like if if we don't, 
enforcing is a strong word. 

1078
00:57:27,000 --> 00:57:29,640
But if we don't incentivize it, 
right. 

1079
00:57:29,640 --> 00:57:32,200
If we don't, like, listen, you 
want to sign up. 

1080
00:57:33,960 --> 00:57:36,520
You got, you got to have a 
Bitcoin wallet of which you 

1081
00:57:36,520 --> 00:57:40,280
control and and then Adam like, 
to be honest, this is very noble

1082
00:57:40,280 --> 00:57:42,720
because that hurts your bottom 
line. 

1083
00:57:42,720 --> 00:57:47,480
Like, to be frank, 'cause it's a
lot easier to to, you know, to 

1084
00:57:47,960 --> 00:57:51,280
again not, you know, love all 
Bitcoin companies. 

1085
00:57:51,280 --> 00:57:54,720
It's good for all Bitcoin 
companies to succeed and friends

1086
00:57:54,720 --> 00:57:57,560
with, you know, friends with all
of them, the CEOs, good people. 

1087
00:57:57,760 --> 00:58:00,520
But what I'm trying to say is 
that like in different business 

1088
00:58:00,520 --> 00:58:05,360
models, it's a little bit easier
to make money because you're not

1089
00:58:05,360 --> 00:58:08,760
forcing your customer to take 
that extra step. 

1090
00:58:08,920 --> 00:58:10,600
So what was your logic behind 
that? 

1091
00:58:10,600 --> 00:58:13,480
Because it's extremely noble. 
It definitely just the Bitcoin 

1092
00:58:13,480 --> 00:58:17,520
revolution forward. 
But what was your thinking of 

1093
00:58:17,520 --> 00:58:19,240
behind that? 
Because that's a very, that's a 

1094
00:58:19,240 --> 00:58:22,240
very strong business decision. 
Yeah. 

1095
00:58:22,920 --> 00:58:26,080
It's mission first. 
Like the the bottom line will 

1096
00:58:26,080 --> 00:58:29,320
come when the mission is 
fulfilled. 

1097
00:58:29,360 --> 00:58:31,480
This is the right look at this. 
Apple does this now. 

1098
00:58:31,480 --> 00:58:34,720
It's hilarious. 
The thumbs up thing, the mission

1099
00:58:34,720 --> 00:58:39,800
to enable independence is so 
important and lines up so well 

1100
00:58:39,800 --> 00:58:42,640
with the properties of Bitcoin 
that anything less is just high 

1101
00:58:42,640 --> 00:58:46,920
time preference in my opinion. 
And I think that the way the way

1102
00:58:46,920 --> 00:58:49,240
that we can eventually like we 
we think a lot about this. 

1103
00:58:49,240 --> 00:58:51,720
Obviously that's our our single 
greatest barrier like when 

1104
00:58:51,720 --> 00:58:55,320
you're looking at the flow of 
where people drop off it's 

1105
00:58:55,320 --> 00:58:57,560
adding a Bitcoin address Like 
that is the single greatest 

1106
00:58:57,560 --> 00:58:59,200
barrier. 
You can sign up in like 10 

1107
00:58:59,200 --> 00:59:01,920
seconds. 
You can verify yourself if you 

1108
00:59:02,000 --> 00:59:05,480
need to in like I think it's 2 
1/2 minutes is about how long it

1109
00:59:05,480 --> 00:59:09,600
takes to verify your account. 
I mean like the hardest thing 

1110
00:59:09,600 --> 00:59:12,680
for people to do is add a 
Bitcoin address and I think 

1111
00:59:12,680 --> 00:59:17,640
that, you know, the way that we 
could eventually do it is using 

1112
00:59:17,760 --> 00:59:20,640
a third party. 
I would be very, very, very 

1113
00:59:20,640 --> 00:59:23,400
opposed to people doing that 
over self custody. 

1114
00:59:23,600 --> 00:59:28,720
But even still, the broker, the 
custodian and the individual 

1115
00:59:28,880 --> 00:59:33,560
should be 3 different entities, 
3 completely different entities.

1116
00:59:33,760 --> 00:59:36,840
Coins need to leave Bitcoin 
platforms, period. 

1117
00:59:37,040 --> 00:59:39,920
End of story. 
When you buy Bitcoin, the coin 

1118
00:59:39,920 --> 00:59:42,600
should be on chain, or at least 
like on the Ledger. 

1119
00:59:42,640 --> 00:59:45,920
If you're buying lightning, coin
should be on chain out of the 

1120
00:59:45,920 --> 00:59:50,120
control of the people who are 
incentivized to keep and then 

1121
00:59:50,120 --> 00:59:52,800
spend the coins. 
That's that's that's literally 

1122
00:59:53,040 --> 00:59:56,440
how every single Bitcoin 
exchange has ever collapsed is 

1123
00:59:56,440 --> 00:59:59,640
because they spent customer 
bitcoins at the very, very, 

1124
00:59:59,640 --> 01:00:02,760
very, very least. 
If we were to say you know what,

1125
01:00:03,160 --> 01:00:04,800
the world is not ready for self 
custody. 

1126
01:00:04,800 --> 01:00:07,040
I don't think that's the case, 
if it came to that. 

1127
01:00:07,600 --> 01:00:11,440
We're publicly traded. 
We, we, we need to, you know, be

1128
01:00:11,440 --> 01:00:13,080
and and do right by our 
shareholders. 

1129
01:00:13,400 --> 01:00:16,880
If it came to that, it will be 
always through a third party. 

1130
01:00:16,880 --> 01:00:21,120
Bitcoin, well, will never hold 
customer bitcoins. 

1131
01:00:21,120 --> 01:00:24,400
We will never have control over 
customer bitcoins. 

1132
01:00:24,720 --> 01:00:28,840
Anything less than giving the 
control directly to the customer

1133
01:00:29,160 --> 01:00:33,120
is I think, not right by our 
mission to enable independence, 

1134
01:00:33,920 --> 01:00:36,200
absolutely. 
And I completely agree, man. 

1135
01:00:36,200 --> 01:00:39,440
It's It's has to be. 
It has to be that way because if

1136
01:00:39,440 --> 01:00:41,960
not, people fall into the 
convenience trap. 

1137
01:00:41,960 --> 01:00:45,240
So has to be that way and go 
ahead the convenience. 

1138
01:00:45,240 --> 01:00:46,120
Trap is. 
Probably. 

1139
01:00:46,120 --> 01:00:50,440
Like like we like I like for 
example, lightning payments. 

1140
01:00:50,440 --> 01:00:52,520
I I've been travelling, going to
some circular economies. 

1141
01:00:52,520 --> 01:00:54,360
I went to Panahatchella at 
Bitcoin Lake. 

1142
01:00:54,360 --> 01:00:57,480
I was just in Bitcoin jungle 
speaking at the Bitcoin Freedom 

1143
01:00:57,480 --> 01:01:00,600
Festival. 
Like that's lots of lightning. 

1144
01:01:00,640 --> 01:01:04,800
I use a custodial lightning 
wallet personally and maybe you 

1145
01:01:04,800 --> 01:01:06,480
can you can rip me apart for 
doing that. 

1146
01:01:07,840 --> 01:01:10,720
I love Wallet of Satoshi. 
Dude, when they dude, it's so 

1147
01:01:10,720 --> 01:01:11,600
sad that they're. 
Gone. 

1148
01:01:11,600 --> 01:01:15,520
I feel like this phone that I 
have is like a little piece of 

1149
01:01:15,520 --> 01:01:17,800
gem because it has the app on 
it. 

1150
01:01:18,320 --> 01:01:20,920
Same I still have the app I. 
Still have the app, It's great. 

1151
01:01:20,920 --> 01:01:25,800
It's like remember when, when? 
Flappy Bird was like, on phones.

1152
01:01:25,800 --> 01:01:28,480
And then the guy took it off. 
The guy's like, I'm waking. 

1153
01:01:28,480 --> 01:01:32,240
Way too much money like F this 
and he just pulls it and then if

1154
01:01:32,240 --> 01:01:34,040
you had a phone. 
With Flappy Bird, it was worth 

1155
01:01:34,040 --> 01:01:35,560
like 50 grand or something. 
That's. 

1156
01:01:36,640 --> 01:01:37,960
Going to happen with the Wallace
Satoshi. 

1157
01:01:37,960 --> 01:01:40,680
Too it's it's it's it's so good.
It's so convenient. 

1158
01:01:40,680 --> 01:01:42,760
But bingo, like that's the 
problem. 

1159
01:01:42,760 --> 01:01:46,760
I mean, look at me, I'm a I'm a 
self custody advocate Bitcoin 

1160
01:01:46,760 --> 01:01:49,720
entrepreneur of over a decade. 
I know Bitcoin pretty well. 

1161
01:01:49,960 --> 01:01:54,840
I have myself personally sent 
10s of thousands of UTXOS. 

1162
01:01:55,040 --> 01:01:58,760
I've got like multiple nodes. 
I've ran a mining operate like 

1163
01:01:58,760 --> 01:02:02,320
I've been in Bitcoin for a long 
time and it's still easier for 

1164
01:02:02,320 --> 01:02:06,680
me, more convenient for me and 
and and still in my opinion like

1165
01:02:06,680 --> 01:02:10,040
not worth my time to put a 
couple 100 bucks into my own 

1166
01:02:10,040 --> 01:02:13,920
self custody on lightning. 
And so if I'm like that like 

1167
01:02:13,920 --> 01:02:16,600
yeah, your 65 year old grandma's
also going to be like that. 

1168
01:02:17,080 --> 01:02:19,040
What did I tell you? 
Off the I told you I was like 

1169
01:02:19,080 --> 01:02:22,400
because we were trying to set up
a a a lightning thing for for 

1170
01:02:22,400 --> 01:02:27,000
the simply Bitcoin store and 
like like you know and of course

1171
01:02:27,520 --> 01:02:30,480
my buddy Matt Hill start 9. 
By the way check out start nine 

1172
01:02:30,480 --> 01:02:35,800
guys this incredible node and I 
remember I was you know the the 

1173
01:02:35,800 --> 01:02:39,680
LND software and then whatever 
and then I was just like looking

1174
01:02:39,680 --> 01:02:44,120
at Opti and and our COO Winekiss
and I was like looking I was 

1175
01:02:44,120 --> 01:02:48,000
just like guys this this shit 
fucking sucks. 

1176
01:02:48,000 --> 01:02:51,280
Like this is terrible. 
This is a this is a really bad 

1177
01:02:51,280 --> 01:02:54,760
experience like main chain is 
figured out right Like it's it's

1178
01:02:54,800 --> 01:02:57,520
you know you download the the 
the UI it's great whatever. 

1179
01:02:57,800 --> 01:03:00,920
But this lightning stuff like if
you want to self host it like 

1180
01:03:00,920 --> 01:03:03,680
this sucks. 
And I remember calling BTC set 

1181
01:03:03,680 --> 01:03:07,240
like Ben Ben Perrin and I was 
like dude like what the fuck 

1182
01:03:07,240 --> 01:03:09,960
he's like yeah I know bro try 
Phoenix And I was like OK 

1183
01:03:09,960 --> 01:03:12,560
Phoenix is good And then so I 
was like OK let me transfer the 

1184
01:03:12,560 --> 01:03:14,720
Phoenix. 
But it's expensive And then 

1185
01:03:14,720 --> 01:03:17,000
there's like a little hack He's 
like Nikko transfer large 

1186
01:03:17,000 --> 01:03:20,120
amounts first so that you don't 
have to pay a fee for every 

1187
01:03:20,120 --> 01:03:21,240
single one. 
And I was like OK. 

1188
01:03:21,240 --> 01:03:24,080
So I'm just gonna have like 1000
bucks, you know, on this hot 

1189
01:03:24,080 --> 01:03:26,720
wallet on my phone. 
So it's like, yeah, it's it's 

1190
01:03:28,280 --> 01:03:30,520
there needs to be a solution. 
It's kind of troubling. 

1191
01:03:30,520 --> 01:03:32,800
Yeah, the the biggest. 
Problem with and. 

1192
01:03:32,800 --> 01:03:35,440
Maybe we're getting a little off
topic, but like, even if as a 

1193
01:03:35,440 --> 01:03:41,080
platform we do everything right 
with Lightning, if the end user 

1194
01:03:41,400 --> 01:03:46,280
doesn't have their incoming 
routing channels sorted out, the

1195
01:03:46,280 --> 01:03:49,880
payment will fail. 
And then our customer's success 

1196
01:03:49,880 --> 01:03:54,560
and support just turns into like
like customers yelling at them 

1197
01:03:54,560 --> 01:03:56,680
because payment failed. 
And it's like, look, there's 

1198
01:03:56,680 --> 01:03:59,240
nothing we can't do if you don't
have a way to receive the 

1199
01:03:59,240 --> 01:04:02,320
payment we're sending you. 
And that's where I think the 

1200
01:04:02,320 --> 01:04:05,760
main chain works so good is you 
can literally send Bitcoin to 

1201
01:04:05,760 --> 01:04:08,240
someone who's like not expecting
it. 

1202
01:04:08,240 --> 01:04:09,360
They don't have to make an 
invoice. 

1203
01:04:09,680 --> 01:04:12,880
And that's where custodians got 
it right is by creating this LR 

1204
01:04:12,920 --> 01:04:17,400
or using the LNURL to allow 
people to actually receive where

1205
01:04:17,400 --> 01:04:19,800
the custodian handles the 
incoming running. 

1206
01:04:19,800 --> 01:04:24,040
Now the better solution is for 
the the the wallets, the 

1207
01:04:24,040 --> 01:04:27,240
platforms to actually just act 
as routing channels and have 

1208
01:04:27,240 --> 01:04:29,760
somebody else actually take 
custody of the coins. 

1209
01:04:30,520 --> 01:04:35,040
But anyways, it it is my firm 
belief that broker, individual 

1210
01:04:35,280 --> 01:04:39,280
and custodian like ideally 
custodian and and individual are

1211
01:04:39,320 --> 01:04:41,680
the same one of the same. 
Bitcoin gives us the ability to 

1212
01:04:41,680 --> 01:04:46,560
do that for the first time. 
Like since rocks we are able to 

1213
01:04:46,560 --> 01:04:49,080
self custody our money. 
That's incredible. 

1214
01:04:49,080 --> 01:04:50,160
We should take advantage of 
that. 

1215
01:04:50,480 --> 01:04:54,800
The step towards that might be 
someone other than the broker, 

1216
01:04:54,800 --> 01:04:58,280
someone other than the person or
or company selling you Bitcoin, 

1217
01:04:58,720 --> 01:05:01,880
holding your Bitcoin. 
But guys, if you're watching 

1218
01:05:01,880 --> 01:05:04,560
this right now, it's 2024. 
You're in Bitcoin already. 

1219
01:05:04,560 --> 01:05:08,480
Like just self custody. 
Just just like 4 drone keys. 

1220
01:05:08,480 --> 01:05:11,400
Be soft. 
Exactly 1. 100% Hey Migo, can I 

1221
01:05:11,400 --> 01:05:13,000
pop in here? 
'Cause there's a good question 

1222
01:05:13,000 --> 01:05:15,760
here for Adam. 
The audience wants to know how 

1223
01:05:15,760 --> 01:05:20,000
does Bitcoin well deal with UTXO
management considering its self 

1224
01:05:20,000 --> 01:05:22,280
custody by default. 
Yeah, we send. 

1225
01:05:22,280 --> 01:05:26,320
Bitcoin in batches and so we've 
got times of the day where 

1226
01:05:26,320 --> 01:05:30,080
batches go out, money comes in 
order gets made, Bitcoin gets 

1227
01:05:30,080 --> 01:05:33,320
purchased, it goes into a batch 
or in Canada. 

1228
01:05:33,320 --> 01:05:34,720
We're working on this in the US 
right now. 

1229
01:05:34,720 --> 01:05:37,960
But in Canada what happens is 
you can you can pay your own 

1230
01:05:37,960 --> 01:05:40,520
minor fee. 
So if if you want to look we've 

1231
01:05:40,520 --> 01:05:42,080
got kind of like similar to 
mempool. 

1232
01:05:42,080 --> 01:05:45,120
We actually, I think, I think we
actually use mempool as our as 

1233
01:05:45,120 --> 01:05:47,560
our guiding metric. 
But if I look at like memo just 

1234
01:05:47,560 --> 01:05:50,240
always open up my browser like 
Mempool's recommending anywhere 

1235
01:05:50,240 --> 01:05:53,840
from 30 to 50 SATS per byte. 
So if you want your Bitcoin in 

1236
01:05:53,840 --> 01:05:58,200
the next block and you want us 
to broadcast and you want us to 

1237
01:05:58,200 --> 01:06:01,480
broadcast that transaction to 
the network immediately, then 

1238
01:06:01,480 --> 01:06:04,680
you just pick that setting when 
you're buying the Bitcoin. 

1239
01:06:04,680 --> 01:06:09,120
So admittedly, that pushes the 
UTXO management into the 

1240
01:06:09,120 --> 01:06:11,320
individual. 
UTXO management is going to be 

1241
01:06:11,320 --> 01:06:16,000
so important this cycle. 
Just as, you know, as number go 

1242
01:06:16,000 --> 01:06:18,280
up and as more miners get in and
as the block fees get more 

1243
01:06:18,280 --> 01:06:19,920
expensive, it's going to be 
really, really important to 

1244
01:06:19,920 --> 01:06:22,880
properly manage our UTXOS. 
And so we're going to be focused

1245
01:06:22,880 --> 01:06:25,800
a lot on educational, lots of 
blogs, lots of articles just 

1246
01:06:25,800 --> 01:06:28,960
talking about UTXO management, 
talking about like there's a 

1247
01:06:29,080 --> 01:06:31,360
like Speaking of all of Satoshi,
there's other platforms that do 

1248
01:06:31,360 --> 01:06:32,520
that. 
I think Blink does this. 

1249
01:06:33,600 --> 01:06:35,200
I'm not sure if Aqua does, but 
maybe they do. 

1250
01:06:35,880 --> 01:06:41,280
Like you can just send Bitcoin 
on chain to the wallet that will

1251
01:06:41,280 --> 01:06:44,960
then automatically transfer it 
from main chain into Lightning 

1252
01:06:45,320 --> 01:06:47,200
and then you're able to stack in
Lightning. 

1253
01:06:48,160 --> 01:06:51,360
You know, we pay the batch, we 
pay the the, the minor fee. 

1254
01:06:51,360 --> 01:06:54,480
If you're not in a rush for it 
and it's a way for you to get 

1255
01:06:54,480 --> 01:06:57,240
small amounts of Bitcoin, you 
can still DCA the Bitcoin and 

1256
01:06:57,240 --> 01:07:00,720
just send it to the wallet that 
transfers into a layer 2 

1257
01:07:00,720 --> 01:07:03,240
technology. 
So this is kind of what I mean 

1258
01:07:03,240 --> 01:07:07,560
when I say like like this is how
we make decisions, is what makes

1259
01:07:07,560 --> 01:07:10,560
the customer more independent, 
how do we enable more 

1260
01:07:10,560 --> 01:07:12,560
independence with the customer 
buying Bitcoin. 

1261
01:07:12,800 --> 01:07:15,080
That's the filter, yeah. 
Yeah. 

1262
01:07:15,080 --> 01:07:18,120
And and just I have some, I have
some questions for you, Adam. 

1263
01:07:18,240 --> 01:07:21,600
You guys recently rolled out in 
the USI don't know Opti, if you 

1264
01:07:21,600 --> 01:07:25,800
can pull up that tab you guys 
rolled out in the United States.

1265
01:07:26,720 --> 01:07:29,440
So this quick pitch to our 
audience, right, this is the 

1266
01:07:29,440 --> 01:07:31,600
first time maybe hearing about 
the Bitcoin. 

1267
01:07:31,600 --> 01:07:35,160
Well, you know, tell them like 
why they should sign up, what 

1268
01:07:35,240 --> 01:07:38,120
you know what, what, what what 
is the experience that they're 

1269
01:07:38,120 --> 01:07:40,400
going to get. 
Obviously we recommend it. 

1270
01:07:40,400 --> 01:07:43,280
We recommend guys make a Bitcoin
well account today. 

1271
01:07:44,440 --> 01:07:46,080
You know, self custody by 
default. 

1272
01:07:46,080 --> 01:07:48,400
Just keep that in mind, right. 
But that's a good thing. 

1273
01:07:48,400 --> 01:07:50,840
So what would you tell our 
audience, Adam? 

1274
01:07:51,600 --> 01:07:53,640
Yeah, I mean, obviously. 
We're super excited to be 

1275
01:07:53,640 --> 01:07:56,640
talking to bitcoiners and if 
you're a bitcoiner and you want 

1276
01:07:56,640 --> 01:07:59,600
to be a part of shaping the way 
that self custody Bitcoin 

1277
01:07:59,600 --> 01:08:01,520
platforms are built, go use the 
product. 

1278
01:08:01,680 --> 01:08:04,680
Buy Bitcoin, buy like, buy 20 
bucks of Bitcoin. 

1279
01:08:04,680 --> 01:08:07,560
Like we're not looking to to 
cash in here and I'm not telling

1280
01:08:07,560 --> 01:08:11,080
you to go and and and drain your
bank account and buy Bitcoin. 

1281
01:08:11,320 --> 01:08:15,360
I want, I would love to see a 
community form who can, like, 

1282
01:08:15,440 --> 01:08:18,880
actually help us. 
We are a small team or a team of

1283
01:08:18,880 --> 01:08:21,880
individuals who are dedicated to
the mission of, I keep saying 

1284
01:08:21,880 --> 01:08:25,920
it, enabling independence. 
And So what does that mean to to

1285
01:08:25,920 --> 01:08:27,960
you? 
How could this platform be 

1286
01:08:27,960 --> 01:08:31,279
better for your grandma to use? 
How could this platform make it 

1287
01:08:31,279 --> 01:08:35,960
easy for Uncle Joe who's at at 
Thanksgiving dinner, who's at at

1288
01:08:35,960 --> 01:08:39,040
at Easter dinner, whatever, 
where he's like, Oh yeah, great.

1289
01:08:39,040 --> 01:08:42,279
Finally, a platform that I feel 
comfortable using and then 

1290
01:08:42,279 --> 01:08:46,359
taking Bitcoin into myself 
custody, you know we're going to

1291
01:08:46,359 --> 01:08:48,640
be running. 
You know that's kind of the the 

1292
01:08:48,720 --> 01:08:50,720
the mission focus side. 
But from an actual user 

1293
01:08:50,720 --> 01:08:53,760
perspective side, like we have 
real questions for people. 

1294
01:08:53,760 --> 01:08:56,760
You know what's more important, 
is it Layer 2 support or is it 

1295
01:08:56,760 --> 01:08:59,359
the ability to sell Bitcoin? 
What's more important the 

1296
01:08:59,359 --> 01:09:02,399
ability to like in in Canada 
right now and unfortunately the 

1297
01:09:02,399 --> 01:09:05,279
payment rails in the States are 
a bit different and like way, 

1298
01:09:05,479 --> 01:09:07,359
way more difficult to to 
navigate. 

1299
01:09:07,359 --> 01:09:10,319
But in Canada, we can you can 
pay your bills with Bitcoin 

1300
01:09:10,800 --> 01:09:14,520
right there in the US and in 
Canada you can buy gift cards 

1301
01:09:14,760 --> 01:09:17,399
with Bitcoin. 
And so we're trying to make 

1302
01:09:17,399 --> 01:09:19,880
Bitcoin useful. 
We want people to feel 

1303
01:09:19,880 --> 01:09:23,439
comfortable holding their wealth
in Bitcoin, checking their time 

1304
01:09:23,439 --> 01:09:26,439
preference, lowering their time 
preference, take your income, 

1305
01:09:26,640 --> 01:09:30,000
put it in Bitcoin, spend what 
you need to and stack the rest 

1306
01:09:30,000 --> 01:09:33,520
in cold, cold, cold, freezing, 
cold storage. 

1307
01:09:33,520 --> 01:09:36,920
So definitely, I mean, yeah, as 
far as the CTA goes, like, sign 

1308
01:09:36,920 --> 01:09:40,439
up for an account, hit me on 
Twitter, comment on this video, 

1309
01:09:40,640 --> 01:09:42,880
comment on, you know, Twitter at
the Bitcoin. 

1310
01:09:42,880 --> 01:09:47,359
Well, like, help us build the 
best self custody platform this 

1311
01:09:47,359 --> 01:09:50,000
country's ever seen of it, hey? 
Let me. 

1312
01:09:50,000 --> 01:09:53,080
Jump in here, Nico. 
Adam, I think a point that we 

1313
01:09:53,080 --> 01:09:56,400
kind of just swept on the rug is
that you're in all 50 states. 

1314
01:09:56,400 --> 01:10:00,280
Like how hard was it to get into
all 50 states? 

1315
01:10:00,640 --> 01:10:02,440
Well, we, yeah. 
We we were. 

1316
01:10:02,440 --> 01:10:06,440
So we went live a few months ago
in I think 38 States and like 

1317
01:10:06,920 --> 01:10:09,640
talking about I tweeted 
yesterday the tweet, the kind of

1318
01:10:09,640 --> 01:10:12,920
like teasing this partnership 
was just like how it was just a 

1319
01:10:12,920 --> 01:10:16,800
whirlwind for like 48 hours and 
how and how perfect and timed it

1320
01:10:16,800 --> 01:10:21,720
was. 
Unbeknownst to to us, we got the

1321
01:10:21,720 --> 01:10:27,000
approval to to go ahead and open
up the entire country yesterday 

1322
01:10:27,000 --> 01:10:31,880
morning like like yesterday 
morning we get the hey all 50 

1323
01:10:31,880 --> 01:10:36,160
states are good call and then 
like today we're starting you 

1324
01:10:36,160 --> 01:10:40,080
know with the best Bitcoin only 
media publication in the 

1325
01:10:40,080 --> 01:10:42,520
country. 
So it's like like this is so 

1326
01:10:42,520 --> 01:10:44,880
serendipitous and it's and it 
and it's so incredible. 

1327
01:10:46,320 --> 01:10:47,560
We're lucky to have good 
partners. 

1328
01:10:47,560 --> 01:10:52,000
We're lucky to be able to to to 
to offer this and and the future

1329
01:10:52,000 --> 01:10:53,680
from here like this is Ground 
Zero right now. 

1330
01:10:53,680 --> 01:10:56,560
This is you know launched you 
can sign up add a Bitcoin 

1331
01:10:56,560 --> 01:10:59,840
address link your bank and buy 
Bitcoin as we build. 

1332
01:10:59,880 --> 01:11:02,280
You know things that are coming 
are like layer 2 support the 

1333
01:11:02,280 --> 01:11:05,960
ability to sell Bitcoin. 
The ability to to DCA with like 

1334
01:11:05,960 --> 01:11:09,080
proper controls and and property
U TXO management. 

1335
01:11:09,640 --> 01:11:11,200
This is the stuff that excites 
us. 

1336
01:11:11,200 --> 01:11:14,800
And building for 50 states is a 
hell of a lot more exciting than

1337
01:11:14,800 --> 01:11:18,720
building for 38 and and and 
building for two countries in 

1338
01:11:18,720 --> 01:11:23,320
both Canada and the US is. 
I mean, this is the mission to 

1339
01:11:23,320 --> 01:11:25,440
enable independence. 
Absolutely, absolutely, guys. 

1340
01:11:25,440 --> 01:11:28,760
Check out Bitcoin will.com Sign 
up today. 

1341
01:11:28,960 --> 01:11:31,040
Share it with your friends and 
your family. 

1342
01:11:31,040 --> 01:11:34,960
It's important that you know you
share a platform that is self 

1343
01:11:34,960 --> 01:11:38,200
custody by default, right? 
Like if that's the key, that's 

1344
01:11:38,200 --> 01:11:41,480
how we win. 
The peaceful Bitcoin revolution 

1345
01:11:41,640 --> 01:11:45,840
is more individuals taking back 
their financial sovereignty by 

1346
01:11:45,840 --> 01:11:47,800
taking making self custody, 
right. 

1347
01:11:47,800 --> 01:11:50,840
That's the key there. 
So yeah man this is a very noble

1348
01:11:50,840 --> 01:11:53,760
'cause we're honored to to 
partner with you. 

1349
01:11:54,000 --> 01:11:58,760
There was a there's a comment in
the in the chat when Awesome. 

1350
01:11:58,760 --> 01:12:01,520
When you're up. 
I'm sure, I'm sure that's sure 

1351
01:12:01,520 --> 01:12:03,320
you've you've put some thought 
into that Adam. 

1352
01:12:03,640 --> 01:12:04,680
Yeah man. 
I mean like. 

1353
01:12:04,680 --> 01:12:06,640
Look, that's why. 
That's why Bitcoin is so 

1354
01:12:06,640 --> 01:12:09,360
important. 
Bitcoin is borderless money, So 

1355
01:12:09,440 --> 01:12:12,160
like the Bitcoin protocol works 
whether we're in Europe or in 

1356
01:12:12,160 --> 01:12:14,960
Africa or in the US or Canada or
wherever. 

1357
01:12:15,040 --> 01:12:18,040
Bitcoin protocol acts and reacts
the same when you have 

1358
01:12:18,040 --> 01:12:23,280
fragmented, centralized garbage,
legacy, Fiat financial 

1359
01:12:23,560 --> 01:12:26,400
ecosystems in each different 
country. 

1360
01:12:27,200 --> 01:12:28,760
It just makes it that much 
harder. 

1361
01:12:28,760 --> 01:12:32,120
I mean, one more reason to just 
flock to Bitcoin. 

1362
01:12:32,160 --> 01:12:36,240
So yeah, when you're up, let's 
we're gonna, we're gonna Sprint,

1363
01:12:36,240 --> 01:12:38,960
we're we're sprinting. 
Now we're gonna dominate North 

1364
01:12:38,960 --> 01:12:42,800
America, but we're not gonna 
sleep until the entire world is 

1365
01:12:42,800 --> 01:12:44,520
independent. 
Absolutely. 

1366
01:12:44,560 --> 01:12:48,040
Absolutely love that man. 
Well Adam, it's been an honor 

1367
01:12:48,040 --> 01:12:50,320
and a pleasure. 
I'm really, really like I said 

1368
01:12:50,360 --> 01:12:54,160
I'm honored and I'm super 
excited about this partnership 

1369
01:12:54,400 --> 01:12:56,680
pushing the peaceful Bitcoin 
revolution. 

1370
01:12:56,840 --> 01:13:01,080
Self custody by default. 
Bitcoin well publicly traded 

1371
01:13:01,080 --> 01:13:05,240
company coming out of Canada 
established 2013. 

1372
01:13:05,240 --> 01:13:08,040
I'm beyond exciting, beyond 
excited. 

1373
01:13:08,240 --> 01:13:09,280
Opt. 
Any last words? 

1374
01:13:09,920 --> 01:13:12,360
No, I mean, I'm. 
Just hyped, you know, the 

1375
01:13:12,360 --> 01:13:15,880
conversation we had with Adam 
before we're we're all building 

1376
01:13:15,880 --> 01:13:20,200
for Bitcoin to succeed and you 
know, couldn't be more hyped to 

1377
01:13:20,200 --> 01:13:22,320
partner with Adam. 
So this is super awesome. 

1378
01:13:22,320 --> 01:13:24,720
Actually one last question for 
Adam, what's the last two stats 

1379
01:13:24,720 --> 01:13:26,120
you want to leave with the 
audience? 

1380
01:13:26,120 --> 01:13:29,560
Oh. 
Man, the last two Sats that I 

1381
01:13:29,560 --> 01:13:34,240
want to leave with the audience.
I've I've been working on this 

1382
01:13:34,240 --> 01:13:38,360
this thesis lately that like 
Bitcoin is actually not about 

1383
01:13:38,360 --> 01:13:41,520
price and so my last two Sats 
may be a question of the 

1384
01:13:41,520 --> 01:13:44,160
audience and and I'd love for 
you guys to like tweet it at 

1385
01:13:44,160 --> 01:13:48,520
simply or tweet it at me. 
Like why is Bitcoin so 

1386
01:13:48,520 --> 01:13:50,280
important? 
Because it's it's it's it's so 

1387
01:13:50,280 --> 01:13:54,000
much more than like you know 47 
thousand U.S. dollars, 87 

1388
01:13:54,000 --> 01:13:55,280
thousand U.S. dollars. 
Like who cares? 

1389
01:13:55,280 --> 01:13:57,160
The money's gonna go down, gonna
go up and down forever. 

1390
01:13:57,160 --> 01:13:59,120
There's there's there's a 
million ways to make money. 

1391
01:13:59,920 --> 01:14:04,440
But why is Bitcoin so important 
to, like, your grandkids? 

1392
01:14:04,480 --> 01:14:08,640
Why is Bitcoin so important to 
to you for the long run? 

1393
01:14:11,720 --> 01:14:13,840
Oh, I got the horn. 
Let's go. 

1394
01:14:13,840 --> 01:14:16,040
I've been trying to give you 
horns the whole day, but. 

1395
01:14:16,040 --> 01:14:18,640
Like, I'm like, which part do I?
Which part do I actually hit the

1396
01:14:18,640 --> 01:14:20,680
horns at? 
I love. 

1397
01:14:20,680 --> 01:14:23,480
That I love that dude bars. 
Horns. 

1398
01:14:23,680 --> 01:14:26,000
All of it. 
Anyways, guys, thank you so much

1399
01:14:26,000 --> 01:14:29,080
for joining us on another 
episode of Simply Bitcoin Live. 

1400
01:14:29,200 --> 01:14:33,480
We'll be back tomorrow, but this
is a very, very special episode 

1401
01:14:33,680 --> 01:14:37,160
moving forward. 
The Bitcoin well is the official

1402
01:14:37,160 --> 01:14:39,960
flagship partner of simply 
Bitcoin moving forward. 

1403
01:14:40,280 --> 01:14:43,200
And the ethos are aligned right.
It's self custody. 

1404
01:14:43,200 --> 01:14:47,200
Self custody is the revolution. 
Adam is the CEO and founder. 

1405
01:14:47,200 --> 01:14:49,760
Adam, thank you so much for 
joining us on Simply Bitcoin 

1406
01:14:49,760 --> 01:14:51,320
today. 
Really, really appreciate it, 

1407
01:14:51,320 --> 01:14:52,680
brother. 
Pleasure to be here, man. 

1408
01:14:52,680 --> 01:14:54,840
Looking forward. 
To the future, likewise, 

1409
01:14:54,840 --> 01:14:56,400
likewise. 
All right guys, that was a show.

1410
01:14:56,400 --> 01:14:57,480
If you enjoyed the show, you 
know what to do. 

1411
01:14:57,480 --> 01:15:00,400
Smash out like Buddy? 
Consider subscribing, and if you

1412
01:15:00,680 --> 01:15:03,280
feel like we provided you value,
consider smashing that like 

1413
01:15:03,280 --> 01:15:05,760
button. 
Anyways, guys, we love you all. 

1414
01:15:05,880 --> 01:15:09,160
We'll be back tomorrow for the 
Friday episode of Simply Bitcoin

1415
01:15:09,160 --> 01:15:10,280
Live. 
Peace out, everybody.