It's. All going to zero against
Bitcoin. It's going on forever.
You're against Bitcoin. You're against freedom.
Yeah. Welcome to another episode of
Simply Bitcoin Live. We're your number one source for
the peaceful Bitcoin revolution. Cover breaking news.
Culture. Matic warfare.
We will be your guide through the separation of money and
state. So many things happened
yesterday. Election interference.
But it's interesting, right? They're attacking Naimbu Kele.
They're attacking the government of El Salvador.
Mind you, this is a government. Naimbu Kele has a 90% approval
rating. He's the most popular president
in the Americas. But that doesn't stop some
people in the US government to send these letters saying that
basically Naimbu Kelly is somehow a threat to democracy.
I think they're scared of what Naimbu Kelly is doing over
there. I think it makes them look bad,
and I think that's really what it's about.
Also Biden declares a Federal Emergency because of Bitcoin
miners because Bitcoin miners are using too much energy.
I'll, I'll get to it. Pierre Rashard covered the
topic. Marty Bent wrote an incredible
article. So we're going to get to all
that today. It's going to be a great show.
And we also have a very special announcement.
Simply Bitcoins new flagship sponsor.
It's an honor. It's a really humble and honored
to say that it's the Bitcoin. Well they are a publicly traded
company established in 2013 and they just recently went live in
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separation of money and state. So really excited about today's
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founder and CEO of Bitcoin well trying to talk about self
custody by default because you know, that's that's interesting,
That's an interesting way to tackle very difficult problem,
right. So how you doing, Adam?
Yeah man, I'm good. I'm I'm still looking forward to
working with with you guys. But I think more than you guys,
the simply Bitcoin community man, this is you know, we're
gonna shape the way that this self custody platform is built
and and looking forward to to building. 100 percent, 100%.
And another thing also guys, is because this platform, because
Bitcoin, well, just migrated to the US, they wanna hear your
feedback, they want you to get involved, right?
So there's any questions or concerns you guys have about the
platform dropping in the comments or send Adam a DM.
I warned him that his DMS are gonna get flooded.
So help us build it. Help us build it together as a
community. What is the ideal Bitcoin
platform that you you guys would like to see?
What is it? What is it that you have in
mind? Let us know and you know Adam
and the the Bitcoin Well crew will help manifest that into
reality. But what I'm so stoked about is
the self custody by default. I I think I told you the story
Adam, right? I I met with my parents.
My parents have been bitcoiners with like with me since 2016.
You know, their stuff is in cold storage.
It's not moving. But one of the things I
realized, you know, every time I meet with them is I function as
tech support. Seriously.
Like, I'm like literally tech support.
And I realized I'm like their stuff is in cold storage.
But if anything, like, you know, if anything happens to me, like
you know, they're screwed. Like we really need to push this
self custody aspect. We really need to push this,
this education. I think the way that you do that
is by self custody by default because that essentially becomes
like a forcing function. It makes people learn personal
responsibility and makes people learn OK, I have to write down
1224 words, properly secure my seed words, get myself a
hardware wallet. It makes them do that right and
I think that people need to do that.
Listen, if you could take care of a child, if you can cook a
steak, you could take Bitcoin into self custody.
That's my you can drive a. Car If you know a telephone
number you can self custody. That's that's literally my
argument. I was on Ben's show like over a
year ago, and I referred it back to like the fact that humans are
pretty good at just generally living.
We figured out how to like, not defecate in the streets.
We figured out how to turn on light switches and and get
dressed in the morning. Surely we can figure out how to
secure the most important and best asset this planet has ever
seen. And and I think it's important,
but honestly it starts with like it starts with what you said the
education behind it and it starts with people people
understanding that it's it's not just something that we can throw
to a newcomer or no coiner and say figure it out.
You know it starts with the community building in and and
understanding that teaching people how to self custody is
often the most important step in their Bitcoin journey.
It's not getting them onto the Bitcoin journey, it's getting
them onto the right Bitcoin journey and it's self custody
all the way. 100 percent, 100%. Another thing also a little bit
about Bitcoin, well, you guys were established in 2013 is you
guys have been around the block. You guys have been here a
minute, man. Very well established.
Yeah, we were. We started with Bitcoin ATMs.
Like, the original story is hilarious.
It's just completely, you know, bootstrapped from passion.
Bitcoin ATMs for me was the was the fastest way to get into this
industry. We grew up a little network of
Bitcoin ATMs in Western Canada, expanded out to Eastern Canada
and then last year in or I guess 2022 in Canada we launched a non
custodial, fully non custodial Bitcoin platform up here in
Canada where the fastest and safest platform in Canada.
And then yeah, I mean as of I think as of 36 hours ago we are
live across 50 states in in the USA and and still bring that
same energy, that same non custodial, that same non
custodial principles behind our mission which is just to enable
independence. We want people to be
independent, we want to create sovereign individuals and help
people be sovereign in their Bitcoin journey.
So super stoked, man. 100% and I think the signal there really is
the the, the non custodial aspect because we say this all
the time, right guys? The revolution.
If enough people take self custody we win and there's
absolutely nothing they can do about it.
And revolution is self custody. And the fact that it's self
custody by default there is no option.
Again, it creates this, this forcing function.
But it's a good forcing function 'cause it makes people learn,
right? Remember guys, not your keys,
not your cheese. Wait.
Wait, wait, wait, wait. Before we move, can we just
reframe Klaus Schwab, the meme? You will own nothing and be
happy. No guys, you will self custody
Bitcoin and be happy. Your own.
Your own Bitcoin and self
custody and be happy. There we go.
That's the meme. That's the meme anyways, guys,
it's going to be an incredible show.
Let's jump straight into the numbers.
We have a lot to talk about today.
Let's check it out. Here we go, The Bitcoin numbers.
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still baby. Anyways I was telling you guys
about, you know the these this crazy political atmosphere here
and that's really what I want to address.
This is nuts. This is projection in my
opinion. Here is AUS Representative
Missus Omar and she said this yesterday and she she already
got community noted. But she said I LED members of
Congress in sending a letter to Secretary Blinkland urging
actions on threats to democracy in El Salvador.
The State Department must review its relationship with El
Salvador and defend democratic values.
The Salvadorian people deserve free and fair elections without
fear of repression and the community, the community note
says. The president of El Salvador
democratically won the elections in 2019.
And then he goes on to say his party obtained democratically a
majority in the Legislative Assembly, Assembly.
The third thing it says a president can be reelected in El
Salvador if in the six months prior to taking office, he was
not in charge. OK, so let's go through some of
the comments because I think the comments really, really, really
address everything. So first, Stacey Herbert.
So you see, Herbert is part of the Bitcoin office down in El
Salvador. Her and Max Kaiser are doing
Satoshi's work. And she says, how exactly do you
define democracy? The will of the people is all
that matters. It is their inalienable right to
self determination. The people of El Salvador
support President Bukhali and do not want to return to the
plunder, mayhem and murder of the previous era.
Dylan Leclaire says you need to go back now.
I'm a of a political junkie. And ladies and gentlemen, when
they say democracy, what they actually mean is collectivism.
When they say democracy, they mean communism.
That's not what they they don't actually mean democracy.
If you look at it from that lens, it's all starts to make
sense and you won't be able to Unsee it.
Now that I pointed it out, by the way, here is Walker.
America says the Democratic urge to interfere in foreign
elections, right? Here's some of the letter.
It's pretty long, so I don't know if I'm going to read all of
it. But it goes on to say, dear
Secretary Blinkland, we are writing to express our
significant concerns regarding Democratic blacks, Democratic
backsliding, and an increase in reports of human rights
violations in El Salvador. These concerns are especially
pressing with elections planned for early next month, in which
the incumbent President, Naim Bukele, is running for an
unconstitutional second term. OK, so right, I talked about
this idea of projection. So let's actually look at the
data. Let's actually look at the
numbers. This is Naimbu Kele's polls,
approval polls, They're all in the 90s.
The lowest one isn't even in the 70s, it's in the low 80s right
Now let's compare that with the President of the United States,
the current administration 38% approval rating.
Now I wonder why they have such a problem with El Salvador.
I mean, I think Naimbukele perfectly addressed it here.
The video is in Spanish. It has subtitles.
I will translate it as it goes. So here's Naimbukele.
Let me do it at one times the speed because I'm going to
translate El Salvador. Where did they get this sudden
love for El Salvador? Up until recently, they couldn't
even find it on the map. All of a sudden, these last
three years, they've they've all grown concerned.
Where were they before? Where?
Were they when the parties in the corner recruited children
and forced them to kill the previous?
They recruited children to go and kill.
We're giving them computers and laptops.
El. Salvador is a free and
sovereignty. We make our own decisions let
that be clear to the world over. We want to have good relations
with we want to be allies and friends, partners but truly
friends, allies, partners but not a Colonie oh God yeah.
Look I think it boils down to this and and just to kind of
give a little bit of of of a back story ladies and gentlemen
because look I'm I'm originally I'm from I'm from Latin America.
I'm from Venezuela. I find it extremely racist and
insulting when, you know the US, one of the most powerful
countries in the world, is essentially lecturing this small
Central American nation, which suffered 30 years of civil war,
and they elected a president that brought down the murder
rate to the point that El Salvador is safer than some U.S.
cities. The guy's incredibly popular,
which is like the definition of democracy, right?
And they're attacking. And what I really think it's all
about is I think it's projection.
Here's Lena Sesh. And she created a meme and
Naimbu Kele just with the dagger.
I think the United States should have fair, free and fair
elections, and I'll get to that in a second, right?
But here's the meme. Like authoritarian, millennial
dictator, democratic backsliding, democratic
blacksliding, Naim Bukele grabs a mirror and points it right
back. And now I'm going to get into
the the projection, the projection aspect of it.
Remember to remember Senator Bob Mendez, who you know, was
accusing El Salvador for accusing Naim Bukele of
corruption. Then he was discovered that he
was accepting gold bars as bribes.
Remember the fact that whatever your political beliefs are, this
is just a fact that currently in the United States, the leading
presidential opponent for the opposing party is currently
being prosecuted in multiple states.
There's been a state that even actually took him off the
ballot. So I find it whatever you feel
about, you know, Trump or Biden, that's just a fact, right?
So however you feel about democracy and being lectured
about democracy, I don't think the US has exactly the best,
best place to talk from, right? And I think this has nothing to
do with democracy, because they didn't even care about El
Salvador before the Bitcoin law. They didn't care about the
homicide rate, the murders. I knew about them, but they
didn't care about that. The moment that El Salvador made
Bitcoin legal tender, the moment that a politician started doing
the things that he was democratically elected to do,
was when all of a sudden El Salvador started popping up on
the map. And you know what that tells me
is that Naimbu Kelly and El Salvador is over the target.
And when you're over the target, that is when Flack is the
heaviest. Just like Caviar Miley.
The media attacked him like crazy.
They called him a fascist. They called him a dictator.
You heard that speech that he made in Davos.
It was a historical speech. Governments no longer need to
control the means of production when they can just print money
instead. And that's what's really that is
what this is really about, is that they're losing their
control on the truth, and they're freaking out.
And when Naimbu Kelly shows to the rest of the world is that
there is another way, and not only is there another way, that
way happens to be better too. And that makes a lot of people
look like fools. And that's what it's about.
That's what it's always been about.
So this whole thing where it's like this dude is a threat to
democracy. You know what I think is a
threat to democracy? Trying to interfere in foreign
elections because you don't like the politician in charge.
I think that's a bigger threat to democracy.
So the ladies and gentlemen, this means we're winning.
But it also has me a little bit worried because how long until,
you know, El Salvador needs some freedom if you guys understand
the Iraq War reference. So anyways, I want to get Adam's
take on this and then OPTI. Yeah man, separation of money
and state that's the that's the that's what has to happen.
I mean we watched the separation of church and state couple
centuries ago and and that was a net benefit for society.
When when there's that much centralization of power inside
of people who are only incentivized and and and only
able to benefit by literally pounding and and diminishing
their people, something has to change.
And you're right, the power comes from the power comes from
the money. That's why Bitcoin is the
answer. I saw a comment someone saying
this has nothing to do with Bitcoin, this has everything to
do with Bitcoin because if you remove the money from the
political equation, politics dies and it truly becomes a
message for the people by the people with someone in charge
set to lead it. I don't think it's a surprise
that these these kind of third world countries these countries
that are not well off are flocking to Bitcoin.
I mean time and time again I just saw last week there was a
there was a an African Bitcoin conference and they they didn't
even have energy infrastructure over in Africa And and these
people are are are flocking in droves to Bitcoin understanding
the value proposition that sound money can bring to these
communities that where the government is either corrupt or
is not keen on on on helping them And so it has everything to
do with Bitcoin. It has everything to do with
removing the power from the state because to your point Nico
when the government can print money they can print power and
and that's just physics like that's that's when you have
something that resembles value but is not backed by value you
have short term power and that's all these politicians care about
is short term power. I mean they live and thrive in
this four year voting cycle. It's it's it's brutal and I
think it has everything to do with Bitcoin, has everything to
do with us, the people owning and controlling our own Bitcoin.
100% And I think that that you hit the nail on the head it's
they have a problem with people controlling their own destiny
and I think that's really what it comes down to and and and of
course they're gonna use everything in their power and
we've seen this theme repeat itself over and over again.
You know Bitcoin, that's the next thing that's coming.
By the way. Bitcoin's a threat to democracy.
But no. You've seen this over and over
again. Money laundering, terrorism like
basically anything that sticks. Right.
Naimbu Kele is a dictator. He's a threat to democracy.
But what I've come to realize is that and and I and I and I, you
know, and I coined this term a couple weeks ago and I've
stopped saying it, but I should start saying it again, which is
the idea of. The iron law of central banker
and politician projection, they project onto US what it is they
are guilty of themselves. And I really think it just boils
down to that. So anytime you see, you know,
these representatives, these people attacking El Salvador,
what are their approval ratings? What have they done?
I know what Naimbu Kelly has done.
You know how hard it is to get 90% approval rating as a
politician. I was taking a look at some
television coming out of Chile and they were going after, they
were going through the polls. The the other political
candidates, if you Add all their polling data together, they
don't even amount to 10% of the vote.
That's how popular this guy is in El Salvador.
You don't become that popular unless you're doing good by
their, by your people. So they can accuse people, El
Salvador, of human rights violations.
They could accuse El Salvador of everything they want, but they
don't mention democracy because democracy literally means the
will of the people, and the will of the people is clear.
They like this guy's policies, Full stop.
Anyways, Opti, what's your take on all this, brother?
Yeah. Well, when I saw this tweet, I
was like, kind of surprised. I'm like, what?
What does she even care about El Salvador?
Like, why is she tweeting about El Salvador?
I read the letter and it was like, it's like you said, you
know, the projection here is very strong and it just goes to
show that they'll use anything to push their political favor.
And it's just it's absolutely incredible that anyone in
America cares what El Salvador is doing.
Again, I did do a little not deep dive, like a very quick
dive on, I don't even know how to say your name, Ilhan Omar's
approval rating. And I think very favorably it's
at like 11%. Like that doesn't even compare
to naive Buchali's 90%. Like if we're talking about
approval ratings and who, you know, the citizens want in in
their positions, like she, I don't think she has, you know, a
platform to stand on like most people in her jurisdiction don't
even like her. And she's out here projecting
onto naive bucale about, you know, this is a danger to
democracy. And you know, right now, as I'm
talking, remember, I think it was last year or two years ago
when we saw that clip from like 40 different news stations
around the world saying this is a danger to democracy.
And they're all saying the exact same thing.
And and this is just another, another line of that story being
played out. And again, like, do we forget
that we live in allegedly A constitutional Republic.
It's not even a democracy. And yet they always run out.
Like this is a danger to our democracy.
It's just absolute projection And it's absolutely incredible
that America, you know, I I'm a proud an American and it's just
crazy that we still view ourselves as like the world's
police and here we are. We're out here protecting
everyone when in their company. I fully believe in the
sovereignty of nations like I don't think as an American we
have any right to tell any other country what they should or
should not be doing. I think we should worry about
what's going on back home. We have enough problems here in
America, let alone worrying about what a tiny, tiny country
and Latin America is doing with a very high approval rating like
we should be focusing on ourselves.
And yet our politicians continue to view everyone else instead of
looking themselves in the mirror.
And again, like Adam was saying, this all has to go back to Fiat
money. This does relate to Bitcoin and
and as much as I view and I'm in the same camp that like politics
is irrelevant to Bitcoin, it's very clear that they are making
steps towards trying to ban and outlaw Bitcoin in every
jurisdiction. Like Bitcoin is political
because it is so non political because it is apolitical.
Bitcoin is the most political money in the world because they
can't stop it, they can't control it.
And that's why we are seeing what we're going to be covering
in the news that they're now they're coming after Bitcoin any
way possible. So like yeah, I know bitcoiners
like to say like oh you know, politics doesn't matter to
Bitcoin. I totally agree.
But because Bitcoin is a political, it is a political
matter. Everything is politics.
When you talk to a politician, they will come after Bitcoin.
They are actively coming after Bitcoin.
And you know, as much as I'm not like a politician, I would much
rather have Bitcoin politicians than know than people being anti
Bitcoin in political positions. Like it's very clear here, guys,
you know? And it's just incredible that
we're even talking about El Salvador like their tiny, tiny
country and now we're worried about what they're doing.
Like they're a threat to our democracy here in America.
Crazy. They are essentially making
politicians look bad and essentially that's really what
it's about, nothing to do with democracy.
I was reading one of the quotes by I think this is the
ambassador for for the the El Salvadorian ambassador for the
United States and her response to Elon I I don't know how to
opted I think it's. Ilhan.
Ilhan, I'm sorry, guys. Ilhan Omar Representative Omar.
Her response was savage. She says please don't get
involved and interfere in the election of a sovereign country.
Like, that's a very strong statement. the US has nothing to
stand on here. OK?
Look at throughout UUS history. You know, what was the what was
the United Fruit? What is it, United Fruit
Company, Opti or something like that?
Like, basically the US does not necessarily have the best track
record in Latin America and throughout the world in
dictating other people's foreign affairs.
So anyways, guys, it's gonna be interesting.
This is just getting started. This is the separation of money
and state, after all. All right, guys, no more delay.
Let's jump straight into the news.
We have a lot to talk about. And then we're going to talk
about the culture, which we're going to focus on the Bitcoin.
Well, we have Adam and we have so many questions for him.
This is the beginning of a beautiful partnership.
We're extremely excited for it. All right, guys, no more delay.
Let's hit the news. Here we go.
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link in video description. All right guys, So what I want
to talk about today another attack.
This is crazy. And mind you, like we did this,
it it was total coincidence. We did not time this.
We did not plan this. But for anyone who didn't watch
yesterday's episode, it was we literally read you this article
by Marty Bent. Incredible work he's doing over
at TFTC dot IO. But basically it says the EU is
attacking proof of work. Well, it's not only the EU now,
it's the US as well, which is absolutely crazy.
So let's get through some of the Twitter posts and then we'll end
up at Marty's article covering the recent attack by the Biden
administration, which we've been saying for many, many, many
months now, that they do not like the Bitcoin industry.
They don't like this thing. They're fans of central bank
digital currency, so here is Steve Mesa.
He says the government uses reporting and information
requests as weapons. This is how they protect the
incumbents by declaring emergency Pierre Rashard.
This isn't just some random bitcoiner, He is the VP of
Research at Riot Platforms. It's a publicly traded Bitcoin
mining company. And Pierre Rashard has not only
a really good reputation, he's been around, he's been in the
industry for a pretty long time. So when Pierre speaks, you
listen anyways. He says Biden has declared a
Federal Emergency because Bitcoin is winning.
I just want to, I just want to read the highlighted part as
evidence. The price of Bitcoin has
increased roughly 50% in the last three months, and higher
prices incentivizes more crypto mining.
Bitcoin mining, by the way. Activity which in turn increases
electricity consumption. At the time of this writing,
much of the central United States is in the grip of a major
cold snap that has resulted in high electricity demand.
So, like, okay, So there are 4 like unreliable energy policy,
right? Then they get mad that Bitcoin
is winning. They're like, oh, Bitcoin is
using too much energy. They don't specify the fact that
Bitcoin miners have to use stranded energy.
Bitcoin miners have to use isolated energy.
If it wasn't isolated, if it wasn't stranded, it wouldn't be
economical for Bitcoin miners to use it.
They They had like and that's like kind of like a disservice
because it's telling the American public or telling
people that are not informed that they think that Bitcoin
miners just set up shop in the middle of New York City.
They plug them in and everyone's electricity bills go up.
No, why would they do that? It's too expensive.
They're going, they're going to go out of business.
So they go towards, you know, there's a dam in the middle of
nowhere, right? It has excess elect electrical
capacity that's perfect for Bitcoin miners.
Now all of a sudden that excess energy that would have otherwise
gone to waste has value anyway. So yeah, this is crazy, but I
mean, this is another step no emergency declared because
Bitcoin is winning. Absolutely hilarious.
Here's another comment to one of our tweets.
This is by Jurison Martinez. He's a strategy.
He works at Volcano Energy, which is El Salvador's Bitcoin
initiative. Shout out Max Keiser for
spearheading that. And he goes on to say the US
Department of Energy is requesting to collect data to
build a standard for Bitcoin mining, mining energy use.
They've requested energy handling of the data collection
request because public harm is reasonably likely if normal
procedures are followed. Further, as evidence, the price
of Bitcoin has increased 50% in the last three months, and
higher Bitcoin prices incentivizes more mining
activity. So it's like, listen, give us a
giant list of all the Bitcoin miners everywhere.
And I just love this graphical art piece by Marty Bent and his
newsletter. What do you call this optis
newsletter post? I don't know what the exact
blog, but no. But it's more than a blog.
You can't just call this A blog dude.
This is super professional. Look at this.
Man, this is really well done. I don't know.
Great mimetics. From Marty Bent, Great Mimetics.
And journalism from Marty Bent. This is incredible guys.
Check out Marty Bent's you know, a blog or news publication.
Go to TFTC dot IO. It's incredible.
Anyways, the headline is the Biden administration wants to
create a registry of Bitcoin miners.
It goes on to say earlier today the Biden administration
announced an emergency data collection initiative targeted
at Bitcoin mining operations in the US via the US Energy
Information Administration, an independent sub agency of the
Department of Energy. It seems that the administration
is identifying the electricity usage of Bitcoin of the Bitcoin
mining industry as an emergency that is threatening grid
stability throughout the US, as is evidenced by the name of the
survey proposed energy survey, crypto mining facilities.
Here's the press release in the official filing from the from
the EIA. So we read you some of that
already. But he goes on to say when I
read the press release and the filing, my initial thoughts was
quote interesting. Maybe this will turn out to be
innate positive for the industry.
The EIA has made some pretty naive assumptions in the survey
should conclude that Bitcoin miners have provided clear
benefits to the grid systems that they operate within,
especially those who operate in demand response programs that
ensure reliable electricity is available to residential
consumers during times times of peak demand.
But after some thought, that initial inclination felt a bit
naive. Data from Bitcoin miners
participating in demand response programs and others taking care
of escape method emissions might be Mining off grid using natural
gas that would otherwise be flared or stranded and
unmaintained has been public for years.
There is no need for a forced survey on the industry out of
nowhere. That's when I decided to look at
the actual survey. Upon review, it proves to me of
the more Aurelian things I've seen come out of this
administration and that's saying a lot.
If you dig into the information that the EIA the EIA is
requesting, it looks like as if the EIA is setting out to create
hyper detailed registry of mining operations in the United
States, getting as granular as to request specific information
about mining fleets and hash rate data.
As with any dystopian edict put forth by a government gone mad
with perceived power, the survey starts out with an overt threat.
Your response is required by law.
This report is mandatory under the Federal Energy
Administration Act. Not only does it start with a
threat, but it requires that all commercial cryptocurrency mining
facilities in the United States response This is utterly insane.
Before we opine on the insanity, let's dive into the information
the government is expecting the mining industry to fork over.
Miners will be expected to provide information about their
companies, where they're domiciled, and the addresses of
where the operations are located, as well as a point of
contact for the EIA. The companies will also be
required to identify whether they're running operations that
involve proof of stake or proof of work.
They will need to tell daddy government how many mining
facilities they operate. After that, they will be
expected to disclose the location of their individual
operations, including geographic coordinates, the amount of
electricity that was consumed at the facility altogether
regardless of whether or not the miner has any control of the
electricity that it is not using.
From there they will have to disclose the percentage of the
facilities electricity consumption that was used
specifically for mining and doxing their electric service
provider. Next up, they will have to
somehow come up with the average percentage of all the
electricity dedicated to Bitcoin mining at different energy
suppliers and again doxing them. And at last, but certainly
certainly not least, miners will be expected to give detailed
information about their mining fleets.
The EIA wants to know the numbers of ASIC miners are
running at individual individual facilities.
The model of those numbers will be determined by cross
referencing the age of the miner with a different model, the
amount of energy needed to power these mining machines, the
maximum amount of hash rate they produce during the reporting
procedure. So I think you guys get the
point. Marty did an incredible job
summary summarizing all of this. I think this image of Biden in
like, you know, the Soviet type general uniform is extremely
appropriate here. This is dystopian AF.
This is crazy. They're forcing people to
register their, you know what comes after you register
something with the government. They build an extensive list of
where that thing is located, where they can find it.
You know what comes after that seizure?
Why else would they want this type?
OK, let me ask you guys something.
Video games use more electricity than Bitcoin miners.
Toasters use probably more washing machines.
Do you see them going out in public and saying please
register your washing machines with the US government?
This is clearly politically motivated.
This has nothing to do with energy consumption, just how in
El Salvador, it has nothing to do with El Salvador being a
threat to democracy. What this is really about is
that Bitcoin and Bitcoin mining and El Salvador doing its doing
its thing is a threat to the status quo.
But they cannot overtly say that because it's too obvious.
So they're using anything that sticks.
This is a clear attack. This is a complete violation of
the 4th Amendment, which is no unreasonable searches and
seizures. This is crazy.
This is insane, right? And this like and of course.
And if they get into a pickle, what what will this lead to?
Seizure and confiscation. All the Bitcoin miners should
stand up and should say no to this.
This is completely this is UN American and this is insane.
What is? This is a communist country.
This is absurdity. Like I, I, I, I don't have any
more comments. Anyways, Adam, what's your take
on this bro? I mean it.
It. No.
And not to mention, guys, this came the day after the news from
Europe came, right? So it looks like this is a
global type of event by governments to attack the
industry. In my opinion.
Dude it. That, that word, the emergency
word that they threw in there a couple times, it triggers me so
hard. I was just going through, like
recently in Canada. So we all know about the trucker
protest that happened, and then our government froze a bunch of
bank accounts because of the emergency of the trucker's
protest and that they couldn't leave the country.
It turns out now, two years later, finally our incredible
judicial system gets to it and it turns out that was illegal.
And so doesn't really matter that it was illegal.
There's no penalties. The federal government's going
to waste a bunch of money appealing that decision and and
at the end of the day the government chose out there was
an emergency that they didn't like and then confiscated and
made it very, very difficult for people to live who were
participating in that emergency and will continue to go on to
control people. I think someone I think his name
was Phil said it confiscation is what happens after registration.
I have so many thoughts and so many feelings about how
dangerous it is when a government decides that they
want to. Attack something and that's why
it's so important that we, I mean like this sounds a little
bit self-serving, get your coins in your hand, buy a passport,
like just go and do something that takes the power away from
the government to be able to do it up.
I don't think you can see it, but just hanging right there is
the the, the executive president order where they confiscated all
the gold in 1933 and and somehow miraculously, gold prices
doubled after they confiscated the gold nearly 100 years ago.
That gold was only able to be confiscated because A people
complied and B, gold was in custody.
And so you know, registration is the first, is the first step
towards custody. We've seen an attack in the EU
as you guys were talking about the other day on personal
wallets, like now they're going after minors.
This is 100% fabricated. This is 100% A A a concerted
effort to make people less sovereign because when sovereign
individuals arise, when sovereign individuals are are
empowered, they are way harder to control and therefore harder
to push a narrative on to. So I think all of that is is
preposterous. I'm surprised that our
government hasn't done that and I think like with an ounce of
research, government should be able to see what we were saying.
Like Bitcoin literally incentivizes miners to to find
better, cleaner, AKA cheaper ways to produce energy.
Using stranded gas to mine Bitcoin is an incredible net
benefit no matter what way you look at it.
It's a way that you can literally move stranded energy
and the value that stranded energy has from point A to point
B without infrastructure. You have a free open source
piece of infrastructure to move that value across and we just,
it's mind blowing to me that this kind of propaganda actually
works. And and I think this is a very
key point in history where we see the politicians getting a
little bit cocky and and you can see how out of touch they are.
Where in the past, like up until the Internet, you know, up until
really, really even social media, up until 1015 years ago,
they had 100% control over the narrative and they continue to
think that they have that. They don't realize that we have
independent media. They don't realize that we have
protocols like Noster where free thought is able to be progressed
and free thought is able to be mass distributed.
And I think that it's important that we all understand the FUD
that is happening here and that we all identify, hey like this
is not a fact, this is wrong. And here's the steps to prove
that this is wrong. I I, I can probably rant forever
and I might start crying soon. So maybe no, it's good.
It's. Good.
Hell yeah. That means you're passionate,
bro. I dude, I I dude, I get fucking
teary eyed when when some some shit goes down, dude.
So like, yeah, 100% man, 100%. It's terrifying, man.
Like. I like we I've got so many
stories about the EU. We actually tried to expand it
into the EU and the government made it impossible for Bitcoin
ATM companies to to to work. They didn't make it illegal,
they just made it impossible to function.
This is step one of making it impossible to mine Bitcoin.
This is step one of getting all of that energy, all of that hash
rate under one centralized control.
What are we going to see next? That only only the ETF providers
are able to mine Bitcoin because it's more democratic, because
it's safer for everything. Like it's it's it's
preposterous. And you can see the writing on
the wall that freedom money is bad for corrupt politics.
We have corrupt politics now we have freedom money.
Let's fight 100% A. 100 beautifully put, beautifully
put. Opti, what's your take on this?
I mean, opti's gonna go ham. Opti Opti's opti's not
surprised. Yeah, I was just about to say I
I'm. Not I'm not surprised at all.
And you know, I I can't really add too much to what you guys
are saying except for like not being surprised and and you know
Nico as as a Venezuelan and and then Marty lays this out great
in that article that you guys should go read, read the whole
thing. We do have precedent for this
guys like first they tag and bag your minors and then they come
and confiscate them and they did this in Venezuela.
And I'm not surprised that we're seeing this happen.
Of course, like they're going to use this emergency you know,
energy whatever proposal to make sure that they try to frighten
everyone into doxing their literal, what's it coordinates
like It's absolutely incredible that this is where we are.
Of course, you know I'm kind of with Marty bent here where we
say like is this where we all just have supreme non compliance
to what they're saying, just throw away these letters in the
mail and just never get the letter and never, never actually
report where you are. But I mean am I surprised?
Not at all. It's just it's almost very
interesting that they do this in such like a very subtle way
where they're like, yeah, just tell us where everything is and
then, hey, we're here to protect you.
We just want to survey what's going on with the energy, with
the electricity usage and then literally tell us everything you
have in your business and your land with all your miners.
And then, you know, maybe later in a year or two, we're gonna
come confiscate all your miners. And basically now the state owns
all of these miners and we're doing what's best for the
country. And little like to Adam's point
as much as I would like to believe that by providing them
this information like we we could basically turn the tide
and and in the propaganda and be like look this is what's
actually going on. I'm just wholly convinced that
it doesn't matter what we tell them whether you know like we
have we have precedent for this like we have ERCOT in Texas
showing and proving that Bitcoin mining improves the electricity
grid. We have countless examples of
Bitcoin using stranded energy, literally helping small cities
and small towns improve their electricity, providing jobs.
None of this matters. All they really care about is
just doubling down on the climate change FUD and and
scaring people and basically saying you know, moving from, oh
we're going to boil the oceans to what Bitcoin uses too much
energy to. These bitcoiners don't care
about the environment and we should shut them down.
And like Adam said, until people wake up to the propaganda and
the FUD like, they will continue to use these low hanging fruit
excuses for trying to clamp down on Bitcoin.
And someone trolled in the chat saying finally the US government
knows that Bitcoin is going up forever.
Like, I love the highlighted portion that Pierre Rochard said
it's like, no, there's a Federal Emergency because Bitcoin is
winning too hard. You know, Bitcoin went up what,
50% last year? And Oh my God, they're going to
bring more, more miners to the network and they're going to use
all the electricity. And like we wouldn't be in this
position if you guys weren't robbing everyone blind with Fiat
money. Like this is the whole reason
for Bitcoin. Literally anything you guys do
in the federal government or central bankers like you are the
very reason for Bitcoin's existence in the 1st place.
And we've been saying this for a while Nico, that we're going to
constantly hear them yell and scream and re about Bitcoin
about either it's you know I don't know at this point what
their next one their next excuse is.
You know it's a threat to democracy I'm sure is coming
down the pipeline that that's the next I'm I'm.
Calling right now Bitcoin is a threat to.
Democracy. That's literally, literally said
in that article. Oh, Bitcoin is going up too much
in price. And now we got a check for
environmental issues. It's like Bitcoin's winning way
too hard. We got to stop this.
It's like people. People are protecting
themselves. Federal Emergency Bitcoin.
Is winning too hard? Winning too hard?
You know, like we need to confiscate more property because
Bitcoin is winning too hard. Like this is the very reason for
bitcoins existence in the first place.
So again, you know to the point I say this all the time and I
I'm not the first one to say this, but any attempt to ban
Bitcoin just proves the very reason why you need Bitcoin in
the 1st place. Bitcoin cannot be stopped.
So hey, if the US wants to shoot themselves in the foot and stop
citizens from protecting themselves from outright theft
from these politicians, it just goes to show to me why we need
Bitcoin in the 1st place. Like this should be a signal for
everyone to stack more Sats and and like if you're if you're
getting scared out of your position because of what's going
on at the federal government central bankers and them like
you need to study Bitcoin more. This to me is a is a buy signal
not a sell signal. You should be stacking harder
now. Especially when you know the
police of the world is telling you, hey we want to rob you
more. You need to not save in Bitcoin.
It's absolutely ludicrous, 100% a hundred.
Percent All right, ladies and gentlemen, let's get to the
culture. Let's talk about the Bitcoin.
Well, let's talk about Adam. Let's talk about what we have
planned over the next six months.
I'm incredibly excited and honestly I'm honored for this
partnership. Adam and I met in Calgary at the
Bitcoin Rodeo and we just hit it off ever since and really,
really excited to talk about this and we're going to take a
different approach to this guy. So we want the community to be
involved in this process, in this roll out because what is
being, what is being tried, what is being tried to achieve like
what we're trying to achieve what simply Bitcoin and what the
Bitcoin well is trying to achieve is, is a very, very hard
feat. It's very, very difficult.
We're trying to push Bitcoin by default, right?
So the, the, the, and again, not to bash on anybody, whatever,
you know, just to make that very clear, right?
But Bitcoin by default is difficult because essentially
it's like, no, you can't purchase Bitcoin unless you're
going to take self custody of that Bitcoin, right?
So it's a, it's a, it's a it's in my opinion, it's a very noble
'cause. I think it's a noble 'cause.
I think it's a necessary cause because this is how we win,
ladies and gentlemen, This is how we win the revolution.
Just because, you know, you have your Bitcoin in an ETF, Look at
how they're talking about Bitcoin miners.
They're forcing Bitcoin miners to register.
Are you trying to tell me that if the US government gets
trapped into a corner, you know, they're going to be looking at
that and they're like they're going to 6102 it.
And I think, Adam, I think that, you know, plays close to your
heart like if you have a picture of the six 102 order, you know,
in your office, you know, I'm sure that that that means a lot
that that's very symbolic in my opinion, dude, that's literally.
The mission is to enable independence and every single
product, every single line of code that goes into this Bitcoin
platform is a is a line of code that is written to further the
mission to enable independence. And it's way harder.
It is like 9 billion times harder to build a platform where
we don't keep people's Bitcoin, but it's it's just it's what is
so important when you're on a mission to enable independence.
I'm not interested in giving people price exposure.
I'm not interested in giving people paper Bitcoin.
I'm not interested either in being tapped on the shoulder by
Uncle Sam and saying yo give me opti's Bitcoin.
That does not interest me. I want to say no, I don't have
Opti's Bitcoin because we are a self custody platform.
I don't have anyone's Bitcoin. I have 0 customer Bitcoin.
If I and we as a company disappear tomorrow, there would
be 0 customer losses, period. Ever.
And that's the way that it should be.
And I think that we should stop. We collectively as a community,
should stop tolerating Fiat principles being applied to
sovereign money. We should look at this from the
ground up. What is Bitcoin built for?
Independence. What is Bitcoin built for?
Freedom of people, Freedom of money, self custody,
self-control, the ability to run the numbers, the ability to to
understand where your value goes.
And that's what we need to give. So it's not Bitcoin is like I've
I've been in this industry for for over a decade now.
And that Bitcoin journey, when you have a long Bitcoin journey,
it starts with price and it goes into sovereignty and then it
goes into even deeper than sovereignty, which is your
entire relationship with the world and with the value that
the world creates and the value that you can create in the world
and the protection of that value.
You have to be diligent. You have to understand what
you're providing to the world and you have to safeguard that
at all costs. And so we we, we know we're
fighting an uphill battle. We know it's harder.
We know it's inconvenient to, to, you know, get a public
address. In some cases you can't, just
like we don't. We just don't allow you to, to
keep Bitcoin on the platform. It's not what we're about.
So I love it when you sign up, literally before you can link a
bank account, you put a Bitcoin address in it's number.
Well, yeah dude. This is the way.
This is the way anyway. So we're going to get more.
We're going to dive deeper into that during the culture.
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All right, everybody, So what's up, Adam?
How you doing, man? I am so freaking pumped for the
I'm so excited and you guys just launched in the US this is
perfect timing. You guys decided to expand to
the and you guys are the first platform in the United States of
America to be Bitcoin self custody by default.
That is a big effing statement in my opinion.
Yeah, man, I'm stoked. And I think like Tom in the
comments here, he's hitting the nail on the head boomers who
aren't technology savvy enough to self custody.
Yeah, like honestly this platform is going to be a little
bit more difficult for them to use.
And we know that we are building a platform and it starts with
all of, like everyone watching right now is probably like
probably technology savvy enough to figure out how to self
custody Bitcoin. And also knows how important it
is to teach the boomers who aren't technology savvy enough
to self custody their Bitcoin. No, Boomer was technologists
having enough to send an e-mail 10 years ago or sent a text
message 10 years ago or like open up a video chat 10 years
ago. And then all of the sudden
that's what they had to do. And they figured it out and it
started with you and I teaching them how to do that.
And I think that's that's part of what we're here for.
It's part of what we're asking. We're asking everyone part of
the simply community. We're asking you guys, like,
help us build the best self custody platform this world has
ever seen. Help us truly embody our mission
to enable independence and help people buy real Bitcoin, not
paper Bitcoin, not Bitcoin exposure, Bitcoin and Bitcoin
only. And you know, I think it had a
benefit. And why we're so excited to work
with with you guys is because like look at all of like we're
not shilling bad products during this.
This show here like this is incredible.
They are like tier one products that I either have personally
used or would personally use. And the ethos is just so strong.
Bitcoin is not about price exposure.
Bitcoin is about value preservation and I think that
everyone can relate to that and we need, we need to do more 100%
we we. Do need we do more and the way
that we do that is literally pushing self custody and it is
in my opinion it is going to be the most difficult thing.
That's the biggest leap in my opinion just based that and you
know I told the the quick story about my my experience with my
parents in the beginning of the show and I just I literally like
a light bulb came off in my head.
I'm like like if if we don't, enforcing is a strong word.
But if we don't incentivize it, right.
If we don't, like, listen, you want to sign up.
You got, you got to have a Bitcoin wallet of which you
control and and then Adam like, to be honest, this is very noble
because that hurts your bottom line.
Like, to be frank, 'cause it's a lot easier to to, you know, to
again not, you know, love all Bitcoin companies.
It's good for all Bitcoin companies to succeed and friends
with, you know, friends with all of them, the CEOs, good people.
But what I'm trying to say is that like in different business
models, it's a little bit easier to make money because you're not
forcing your customer to take that extra step.
So what was your logic behind that?
Because it's extremely noble. It definitely just the Bitcoin
revolution forward. But what was your thinking of
behind that? Because that's a very, that's a
very strong business decision. Yeah.
It's mission first. Like the the bottom line will
come when the mission is fulfilled.
This is the right look at this. Apple does this now.
It's hilarious. The thumbs up thing, the mission
to enable independence is so important and lines up so well
with the properties of Bitcoin that anything less is just high
time preference in my opinion. And I think that the way the way
that we can eventually like we we think a lot about this.
Obviously that's our our single greatest barrier like when
you're looking at the flow of where people drop off it's
adding a Bitcoin address Like that is the single greatest
barrier. You can sign up in like 10
seconds. You can verify yourself if you
need to in like I think it's 2 1/2 minutes is about how long it
takes to verify your account. I mean like the hardest thing
for people to do is add a Bitcoin address and I think
that, you know, the way that we could eventually do it is using
a third party. I would be very, very, very
opposed to people doing that over self custody.
But even still, the broker, the custodian and the individual
should be 3 different entities, 3 completely different entities.
Coins need to leave Bitcoin platforms, period.
End of story. When you buy Bitcoin, the coin
should be on chain, or at least like on the Ledger.
If you're buying lightning, coin should be on chain out of the
control of the people who are incentivized to keep and then
spend the coins. That's that's that's literally
how every single Bitcoin exchange has ever collapsed is
because they spent customer bitcoins at the very, very,
very, very least. If we were to say you know what,
the world is not ready for self custody.
I don't think that's the case, if it came to that.
We're publicly traded. We, we, we need to, you know, be
and and do right by our shareholders.
If it came to that, it will be always through a third party.
Bitcoin, well, will never hold customer bitcoins.
We will never have control over customer bitcoins.
Anything less than giving the control directly to the customer
is I think, not right by our mission to enable independence,
absolutely. And I completely agree, man.
It's It's has to be. It has to be that way because if
not, people fall into the convenience trap.
So has to be that way and go ahead the convenience.
Trap is. Probably.
Like like we like I like for example, lightning payments.
I I've been travelling, going to some circular economies.
I went to Panahatchella at Bitcoin Lake.
I was just in Bitcoin jungle speaking at the Bitcoin Freedom
Festival. Like that's lots of lightning.
I use a custodial lightning wallet personally and maybe you
can you can rip me apart for doing that.
I love Wallet of Satoshi. Dude, when they dude, it's so
sad that they're. Gone.
I feel like this phone that I have is like a little piece of
gem because it has the app on it.
Same I still have the app I. Still have the app, It's great.
It's like remember when, when? Flappy Bird was like, on phones.
And then the guy took it off. The guy's like, I'm waking.
Way too much money like F this and he just pulls it and then if
you had a phone. With Flappy Bird, it was worth
like 50 grand or something. That's.
Going to happen with the Wallace Satoshi.
Too it's it's it's it's so good. It's so convenient.
But bingo, like that's the problem.
I mean, look at me, I'm a I'm a self custody advocate Bitcoin
entrepreneur of over a decade. I know Bitcoin pretty well.
I have myself personally sent 10s of thousands of UTXOS.
I've got like multiple nodes. I've ran a mining operate like
I've been in Bitcoin for a long time and it's still easier for
me, more convenient for me and and and still in my opinion like
not worth my time to put a couple 100 bucks into my own
self custody on lightning. And so if I'm like that like
yeah, your 65 year old grandma's also going to be like that.
What did I tell you? Off the I told you I was like
because we were trying to set up a a a lightning thing for for
the simply Bitcoin store and like like you know and of course
my buddy Matt Hill start 9. By the way check out start nine
guys this incredible node and I remember I was you know the the
LND software and then whatever and then I was just like looking
at Opti and and our COO Winekiss and I was like looking I was
just like guys this this shit fucking sucks.
Like this is terrible. This is a this is a really bad
experience like main chain is figured out right Like it's it's
you know you download the the the UI it's great whatever.
But this lightning stuff like if you want to self host it like
this sucks. And I remember calling BTC set
like Ben Ben Perrin and I was like dude like what the fuck
he's like yeah I know bro try Phoenix And I was like OK
Phoenix is good And then so I was like OK let me transfer the
Phoenix. But it's expensive And then
there's like a little hack He's like Nikko transfer large
amounts first so that you don't have to pay a fee for every
single one. And I was like OK.
So I'm just gonna have like 1000 bucks, you know, on this hot
wallet on my phone. So it's like, yeah, it's it's
there needs to be a solution. It's kind of troubling.
Yeah, the the biggest. Problem with and.
Maybe we're getting a little off topic, but like, even if as a
platform we do everything right with Lightning, if the end user
doesn't have their incoming routing channels sorted out, the
payment will fail. And then our customer's success
and support just turns into like like customers yelling at them
because payment failed. And it's like, look, there's
nothing we can't do if you don't have a way to receive the
payment we're sending you. And that's where I think the
main chain works so good is you can literally send Bitcoin to
someone who's like not expecting it.
They don't have to make an invoice.
And that's where custodians got it right is by creating this LR
or using the LNURL to allow people to actually receive where
the custodian handles the incoming running.
Now the better solution is for the the the wallets, the
platforms to actually just act as routing channels and have
somebody else actually take custody of the coins.
But anyways, it it is my firm belief that broker, individual
and custodian like ideally custodian and and individual are
the same one of the same. Bitcoin gives us the ability to
do that for the first time. Like since rocks we are able to
self custody our money. That's incredible.
We should take advantage of that.
The step towards that might be someone other than the broker,
someone other than the person or or company selling you Bitcoin,
holding your Bitcoin. But guys, if you're watching
this right now, it's 2024. You're in Bitcoin already.
Like just self custody. Just just like 4 drone keys.
Be soft. Exactly 1. 100% Hey Migo, can I
pop in here? 'Cause there's a good question
here for Adam. The audience wants to know how
does Bitcoin well deal with UTXO management considering its self
custody by default. Yeah, we send.
Bitcoin in batches and so we've got times of the day where
batches go out, money comes in order gets made, Bitcoin gets
purchased, it goes into a batch or in Canada.
We're working on this in the US right now.
But in Canada what happens is you can you can pay your own
minor fee. So if if you want to look we've
got kind of like similar to mempool.
We actually, I think, I think we actually use mempool as our as
our guiding metric. But if I look at like memo just
always open up my browser like Mempool's recommending anywhere
from 30 to 50 SATS per byte. So if you want your Bitcoin in
the next block and you want us to broadcast and you want us to
broadcast that transaction to the network immediately, then
you just pick that setting when you're buying the Bitcoin.
So admittedly, that pushes the UTXO management into the
individual. UTXO management is going to be
so important this cycle. Just as, you know, as number go
up and as more miners get in and as the block fees get more
expensive, it's going to be really, really important to
properly manage our UTXOS. And so we're going to be focused
a lot on educational, lots of blogs, lots of articles just
talking about UTXO management, talking about like there's a
like Speaking of all of Satoshi, there's other platforms that do
that. I think Blink does this.
I'm not sure if Aqua does, but maybe they do.
Like you can just send Bitcoin on chain to the wallet that will
then automatically transfer it from main chain into Lightning
and then you're able to stack in Lightning.
You know, we pay the batch, we pay the the, the minor fee.
If you're not in a rush for it and it's a way for you to get
small amounts of Bitcoin, you can still DCA the Bitcoin and
just send it to the wallet that transfers into a layer 2
technology. So this is kind of what I mean
when I say like like this is how we make decisions, is what makes
the customer more independent, how do we enable more
independence with the customer buying Bitcoin.
That's the filter, yeah. Yeah.
And and just I have some, I have some questions for you, Adam.
You guys recently rolled out in the USI don't know Opti, if you
can pull up that tab you guys rolled out in the United States.
So this quick pitch to our audience, right, this is the
first time maybe hearing about the Bitcoin.
Well, you know, tell them like why they should sign up, what
you know what, what, what what is the experience that they're
going to get. Obviously we recommend it.
We recommend guys make a Bitcoin well account today.
You know, self custody by default.
Just keep that in mind, right. But that's a good thing.
So what would you tell our audience, Adam?
Yeah, I mean, obviously. We're super excited to be
talking to bitcoiners and if you're a bitcoiner and you want
to be a part of shaping the way that self custody Bitcoin
platforms are built, go use the product.
Buy Bitcoin, buy like, buy 20 bucks of Bitcoin.
Like we're not looking to to cash in here and I'm not telling
you to go and and and drain your bank account and buy Bitcoin.
I want, I would love to see a community form who can, like,
actually help us. We are a small team or a team of
individuals who are dedicated to the mission of, I keep saying
it, enabling independence. And So what does that mean to to
you? How could this platform be
better for your grandma to use? How could this platform make it
easy for Uncle Joe who's at at Thanksgiving dinner, who's at at
at Easter dinner, whatever, where he's like, Oh yeah, great.
Finally, a platform that I feel comfortable using and then
taking Bitcoin into myself custody, you know we're going to
be running. You know that's kind of the the
the mission focus side. But from an actual user
perspective side, like we have real questions for people.
You know what's more important, is it Layer 2 support or is it
the ability to sell Bitcoin? What's more important the
ability to like in in Canada right now and unfortunately the
payment rails in the States are a bit different and like way,
way more difficult to to navigate.
But in Canada, we can you can pay your bills with Bitcoin
right there in the US and in Canada you can buy gift cards
with Bitcoin. And so we're trying to make
Bitcoin useful. We want people to feel
comfortable holding their wealth in Bitcoin, checking their time
preference, lowering their time preference, take your income,
put it in Bitcoin, spend what you need to and stack the rest
in cold, cold, cold, freezing, cold storage.
So definitely, I mean, yeah, as far as the CTA goes, like, sign
up for an account, hit me on Twitter, comment on this video,
comment on, you know, Twitter at the Bitcoin.
Well, like, help us build the best self custody platform this
country's ever seen of it, hey? Let me.
Jump in here, Nico. Adam, I think a point that we
kind of just swept on the rug is that you're in all 50 states.
Like how hard was it to get into all 50 states?
Well, we, yeah. We we were.
So we went live a few months ago in I think 38 States and like
talking about I tweeted yesterday the tweet, the kind of
like teasing this partnership was just like how it was just a
whirlwind for like 48 hours and how and how perfect and timed it
was. Unbeknownst to to us, we got the
approval to to go ahead and open up the entire country yesterday
morning like like yesterday morning we get the hey all 50
states are good call and then like today we're starting you
know with the best Bitcoin only media publication in the
country. So it's like like this is so
serendipitous and it's and it and it's so incredible.
We're lucky to have good partners.
We're lucky to be able to to to to offer this and and the future
from here like this is Ground Zero right now.
This is you know launched you can sign up add a Bitcoin
address link your bank and buy Bitcoin as we build.
You know things that are coming are like layer 2 support the
ability to sell Bitcoin. The ability to to DCA with like
proper controls and and property U TXO management.
This is the stuff that excites us.
And building for 50 states is a hell of a lot more exciting than
building for 38 and and and building for two countries in
both Canada and the US is. I mean, this is the mission to
enable independence. Absolutely, absolutely, guys.
Check out Bitcoin will.com Sign up today.
Share it with your friends and your family.
It's important that you know you share a platform that is self
custody by default, right? Like if that's the key, that's
how we win. The peaceful Bitcoin revolution
is more individuals taking back their financial sovereignty by
taking making self custody, right.
That's the key there. So yeah man this is a very noble
'cause we're honored to to partner with you.
There was a there's a comment in the in the chat when Awesome.
When you're up. I'm sure, I'm sure that's sure
you've you've put some thought into that Adam.
Yeah man. I mean like.
Look, that's why. That's why Bitcoin is so
important. Bitcoin is borderless money, So
like the Bitcoin protocol works whether we're in Europe or in
Africa or in the US or Canada or wherever.
Bitcoin protocol acts and reacts the same when you have
fragmented, centralized garbage, legacy, Fiat financial
ecosystems in each different country.
It just makes it that much harder.
I mean, one more reason to just flock to Bitcoin.
So yeah, when you're up, let's we're gonna, we're gonna Sprint,
we're we're sprinting. Now we're gonna dominate North
America, but we're not gonna sleep until the entire world is
independent. Absolutely.
Absolutely love that man. Well Adam, it's been an honor
and a pleasure. I'm really, really like I said
I'm honored and I'm super excited about this partnership
pushing the peaceful Bitcoin revolution.
Self custody by default. Bitcoin well publicly traded
company coming out of Canada established 2013.
I'm beyond exciting, beyond excited.
Opt. Any last words?
No, I mean, I'm. Just hyped, you know, the
conversation we had with Adam before we're we're all building
for Bitcoin to succeed and you know, couldn't be more hyped to
partner with Adam. So this is super awesome.
Actually one last question for Adam, what's the last two stats
you want to leave with the audience?
Oh. Man, the last two Sats that I
want to leave with the audience. I've I've been working on this
this thesis lately that like Bitcoin is actually not about
price and so my last two Sats may be a question of the
audience and and I'd love for you guys to like tweet it at
simply or tweet it at me. Like why is Bitcoin so
important? Because it's it's it's it's so
much more than like you know 47 thousand U.S. dollars, 87
thousand U.S. dollars. Like who cares?
The money's gonna go down, gonna go up and down forever.
There's there's there's a million ways to make money.
But why is Bitcoin so important to, like, your grandkids?
Why is Bitcoin so important to to you for the long run?
Oh, I got the horn. Let's go.
I've been trying to give you horns the whole day, but.
Like, I'm like, which part do I? Which part do I actually hit the
horns at? I love.
That I love that dude bars. Horns.
All of it. Anyways, guys, thank you so much
for joining us on another episode of Simply Bitcoin Live.
We'll be back tomorrow, but this is a very, very special episode
moving forward. The Bitcoin well is the official
flagship partner of simply Bitcoin moving forward.
And the ethos are aligned right. It's self custody.
Self custody is the revolution. Adam is the CEO and founder.
Adam, thank you so much for joining us on Simply Bitcoin
today. Really, really appreciate it,
brother. Pleasure to be here, man.
Looking forward. To the future, likewise,
likewise. All right guys, that was a show.
If you enjoyed the show, you know what to do.
Smash out like Buddy? Consider subscribing, and if you
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button. Anyways, guys, we love you all.
We'll be back tomorrow for the Friday episode of Simply Bitcoin
Live. Peace out, everybody.