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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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00:00:23,120 --> 00:00:26,680
Yo, good morning, everybody. 
Welcome to Simply Bitcoin, the 

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00:00:26,680 --> 00:00:30,160
number one daily live Bitcoin 
show on YouTube, Twitter and 

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00:00:30,160 --> 00:00:31,880
Rumble. 
We cover breaking news, culture 

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00:00:31,880 --> 00:00:35,000
and mimetic warfare, and we 
bring on bit corners from all 

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around the world, from the 
biggest names to the everyday 

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00:00:37,680 --> 00:00:39,720
savage Bitcoin. 
And I got a lineup for you guys 

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00:00:39,720 --> 00:00:42,760
today, so you're in for a treat.
And we will be your guide 

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00:00:42,760 --> 00:00:45,280
through the separation of money 
and state. 

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And welcome everybody. 
Today is a celebratory day for 

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Bitcoin, for Bitcoiners. 
It's a having day, boys and 

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girls. 
As Bitcoin continues to run, has

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the most decentralized and 
secure money in the world and 

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later today I block 840,000 the 
daily Bitcoin supply will get 

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cut in half. 
Welcome, welcome, welcome guys. 

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We made it to the 5th epoch. 
Absolutely beautiful to be a 

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Bitcoiner as Bitcoin undeniably 
secures itself as the hardest, 

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soundest and most secure money 
in the world and Bitcoin's 

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monetary policy continues to 
chuckle on block by block guys, 

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it's working exactly as 
designed. 

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This is why we Bitcoin, because 
bitcoins know exactly what our 

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monetary policy will be. 
There's no guessing. 

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There's no, you know, small 
cabal of people that are going 

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to manipulate the the monetary 
policy. 

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No, we know what it is. 
It is verifiable proof of what 

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will happen on the Bitcoin time 
chain today, tomorrow and far 

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off into the future guys, and 
the world is waking up to this 

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phenomenon. 
You cannot soar value in 

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dollars. 
You can't send gold over the 

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Internet and you don't really 
own your stocks, guys. 

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There's only one thing you can 
own. 

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There is no second best. 
It is Bitcoin. 

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And as Clown Wood continues to 
print more and more money, as 

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the Jamie Diamonds of the world 
continue to meltdown over 

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Bitcoin, continue to talk out of
both sides of their mouth and 

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flood Bitcoin while embracing 
Bitcoin silently, Bitcoin 

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remains the undefeated best way 
to store, send, and transact 

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freely. 
Guys, This is why we are here. 

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Bitcoin is entering its 5th 
epoch and we're ushering a 

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00:02:18,240 --> 00:02:20,320
bright orange future on planet 
Earth. 

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You just love to see it. 
So guys, hey, if you're new 

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00:02:22,480 --> 00:02:25,520
here, you might want to get some
because it seems to be catching 

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on. 
Guys, these are the good old 

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00:02:27,160 --> 00:02:29,800
days. 
These are the days that you will

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00:02:29,800 --> 00:02:32,920
be remembered for. 
These are the days that your 

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great grandchildren will think 
back on and call you an absolute

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00:02:36,800 --> 00:02:39,840
legend. 
So stack some Bitcoin today for 

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00:02:39,840 --> 00:02:41,880
your bloodline. 
You don't stack stats for your 

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00:02:41,880 --> 00:02:43,960
first name, you stack stats for 
your last name. 

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Guys, solidify your place in 
history as the Fiat world 

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00:02:48,240 --> 00:02:51,040
crumbles to better life waiting 
for you when you're on the 

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00:02:51,040 --> 00:02:52,960
Bitcoin standard. 
Boys and girls, this is the way.

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This is why we do what we do. 
I'm so hyped today, so good to 

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be a big corner and I got some 
epic guests for you guys today. 

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So I'm going to I'm going to 
bring them in. 

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First and foremost, let's bring 
on Adam O'Brien. 

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Adam, how are you feeling today 
on the having bro it? 

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It's so beautiful to be a big 
corner. 

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You've been around for a minute.
So what's the having mean for 

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00:03:13,800 --> 00:03:16,920
you bro? 
Dude, I I said a little while 

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ago, the halving is just like 
New Year's for Bitcoiners. 

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But in classic Bitcoin fashion, 
it is more scarce. 

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That's it. 
It's like it actually means 

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nothing to anybody. 
It is like block 840,000 and one

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is no different than block 
839,999, but it's a new epoch. 

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You and I were joking before. 
New epoch, new me like this 5th 

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epoch, man, it's going to be 
sick. 

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Every single epoch that Bitcoin 
hits, it just sets the next 

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level. 
Also, like, I don't know if it's

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just because it's Friday, if 
it's because we got the meme 

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review coming, but when you hit 
the horn in like minute one of 

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the show, you know it's going to
be a good day. 

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So I'm just, you know, I'm just 
jacked up to be here and I was 

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00:03:59,640 --> 00:04:01,760
just checking because every time
I'm on this show, I'm reminded 

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00:04:01,760 --> 00:04:03,480
that I have to update the 
jackpot thing. 

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00:04:03,720 --> 00:04:08,520
Check this out the Bitcoin 
jackpot contest over 6,000,000 

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sats porn the horn twice in the 
1st 10. 

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00:04:14,000 --> 00:04:15,800
You got to love it. 
But 6,000,000 sats in the 

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Bitcoin jackpot contest so all 
these savages watching, it's 

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00:04:19,920 --> 00:04:21,440
getting out of hand. 
I got some stuff to give away 

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today for those that enter the 
Bitcoin jackpot contest. 

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So you know what man, all around
is a good day. 

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What have we got like 50 blocks 
left? 

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00:04:28,800 --> 00:04:30,520
Something like that, Something 
like that. 

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00:04:30,920 --> 00:04:33,160
Yeah dude, 55 blocks to the 
halving. 

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00:04:33,520 --> 00:04:38,040
It's just TikTok next block but 
you know us humans with our unit

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00:04:38,040 --> 00:04:40,680
bias, we got the human condition
sticking out. 

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This 5th epoch is gonna be a 
good one bro. 

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00:04:42,600 --> 00:04:45,480
Yeah, man, exactly. 
And, and you kind of touched on 

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it. 
You know, I'm sure Bitcoiners 

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aren't gonna leave their house 
today, but if they do go out, 

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00:04:50,240 --> 00:04:52,560
you're just like, you know, 
you're eating some dinner, 

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00:04:52,560 --> 00:04:54,600
you're maybe having a drink out 
in the bars and you're just 

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00:04:54,600 --> 00:04:57,480
doing that one meme where you're
like, no one even knows the 

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00:04:57,480 --> 00:05:00,320
having is happening right now. 
We are so early right now. 

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00:05:00,320 --> 00:05:03,320
We are still so early. 
People don't even understand 

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00:05:03,320 --> 00:05:04,920
what's going on. 
You just love to see it. 

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00:05:04,920 --> 00:05:09,320
Anyways, let's bring on Eric 
Stacks, another legend out here 

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making great content. 
Cannabis producer, content 

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00:05:13,200 --> 00:05:15,640
creator, really on the front 
line. 

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00:05:15,640 --> 00:05:17,880
So, Eric, what's the having mean
for you, bro? 

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What are we gonna get a good 
Eric RIP on the very beginning 

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00:05:21,120 --> 00:05:22,160
of the show. 
What's up, bro? 

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00:05:22,160 --> 00:05:25,480
How you feeling this morning? 
Well, I'm feeling fantastic. 

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First off, thank you for having 
me. 

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00:05:27,680 --> 00:05:30,400
And yeah, having this is a big 
deal. 

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Obviously, I'm a cannabis 
producer. 

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This is my green screen here. 
And what's so special about the 

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having is is that it's a time to
celebrate the only thing on 

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00:05:41,280 --> 00:05:44,600
planet Earth outside of our time
that is the demand goes up for 

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it. 
The supply doesn't change. 

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Honey badger don't give AF, 
right? 

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00:05:48,160 --> 00:05:51,200
And so that's a big deal. 
And being somebody who's worked 

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as a commodity producer, I've 
had the real, like real world 

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00:05:55,400 --> 00:05:58,680
experience of the deflationary 
forces that we contend with on 

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00:05:58,680 --> 00:06:00,680
planet Earth. 
You, Jeff Booth's thesis comes 

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00:06:00,680 --> 00:06:03,160
to mind. 
You know, demand for anything 

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00:06:03,160 --> 00:06:05,680
will always be associated with 
supply. 

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As the demand goes up for 
something, if the free market 

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wants it, they'll bid the price 
up. 

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As the price goes up, the 
economic incentive to produce 

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more of whatever that is goes 
up. 

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00:06:15,640 --> 00:06:18,200
Entrepreneurs and capital, 
they'll flow into that sector of

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00:06:18,200 --> 00:06:21,760
the marketplace, They'll attack 
that margin prices fall to the 

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00:06:21,760 --> 00:06:24,160
marginal cost of production, 
etcetera, etcetera. 

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And so I've had real world 
deflationary forces affect my 

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00:06:29,160 --> 00:06:33,000
life, dollar denominated wage 
deflation, dollar denominated 

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00:06:33,000 --> 00:06:36,000
cost of living slash OpEx 
inflation. 

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00:06:36,160 --> 00:06:39,080
And so those are two fundamental
fucking major issues. 

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Those are opposing forces and 
Bitcoin, you know, being pure 

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00:06:43,960 --> 00:06:47,160
monetary energy, it's a pure 
monetary instrument. 

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00:06:47,160 --> 00:06:50,280
There's no utility value. 
Peter Schiff Can't Sing a song 

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00:06:50,280 --> 00:06:52,840
how he's going to, you know, 
make something with his Bitcoin,

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00:06:52,840 --> 00:06:55,120
whatever, right? 
And so as the demand goes up for

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00:06:55,120 --> 00:06:56,440
Bitcoin, the supply doesn't 
change. 

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00:06:56,480 --> 00:06:58,680
Actually the new issuance is 
going down. 

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00:06:58,680 --> 00:07:02,040
And that's what's so significant
about the having that's a big 

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00:07:02,040 --> 00:07:04,560
deal. 
It's going to further strengthen

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00:07:04,560 --> 00:07:07,880
Bitcoins value proposition. 
Where you have abundance and 

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00:07:07,880 --> 00:07:09,760
money, you create scarcity and 
everything else. 

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00:07:09,760 --> 00:07:11,800
Where you got scarcity and 
money, you create abundance and 

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00:07:11,800 --> 00:07:13,720
everything else. 
So we're ushering in a bright 

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00:07:13,720 --> 00:07:15,800
orange future. 
I got my bright orange glasses 

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00:07:15,800 --> 00:07:17,520
on. 
It's a big deal. 

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00:07:17,720 --> 00:07:20,560
You know, now that the money is 
the hardest thing, stock to 

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00:07:20,560 --> 00:07:23,280
flow, hardest thing in the 
marketplace, the incentive is to

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00:07:23,280 --> 00:07:26,120
hold the money. 
That's freeing up assets people 

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00:07:26,120 --> 00:07:29,400
need like houses. 
And so as I drive around, I'm in

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00:07:29,400 --> 00:07:31,520
Northern California, I see 
homeless people. 

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00:07:31,640 --> 00:07:35,160
It fucking wrecks me. 
It's depressing, it's sad, but I

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00:07:35,160 --> 00:07:38,560
know the most scarce thing in 
the marketplace is the money, 

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00:07:38,680 --> 00:07:40,960
and the incentive is to hold the
money and that's going to 

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00:07:40,960 --> 00:07:43,480
liberate us over time. 
And I think it's happening quite

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00:07:43,480 --> 00:07:46,840
fast. 
So yeah, that's that's something

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00:07:46,840 --> 00:07:51,360
that I'm super grateful for. 
Bars, bars and and literally, I 

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00:07:51,360 --> 00:07:54,520
love that you started with that,
Eric, because This is why it is 

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00:07:54,520 --> 00:07:58,280
so easy to contrast all the 
cantion bankers, all the 

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00:07:58,280 --> 00:08:00,960
politicians, the bureaucrats. 
This is why they freak out about

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00:08:00,960 --> 00:08:03,040
Bitcoin is because they're not 
naive. 

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00:08:03,040 --> 00:08:05,000
They understand the game being 
played. 

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00:08:05,160 --> 00:08:06,520
It's always been about the 
money. 

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00:08:06,520 --> 00:08:07,960
It will always be about the 
money. 

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00:08:08,240 --> 00:08:12,040
And what Bitcoin does, it 
destroys that monopoly and 

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00:08:12,040 --> 00:08:14,360
control over money. 
And This is why we have Jamie 

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00:08:14,480 --> 00:08:15,960
Diamonds over the world. 
This is why we have the 

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00:08:15,960 --> 00:08:18,080
Elizabeth Warrens of the world 
come out and say all this 

169
00:08:18,080 --> 00:08:21,360
ridiculous stuff about Bitcoin. 
But the beauty of Bitcoin is 

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00:08:21,360 --> 00:08:23,520
guys like we don't have to 
listen to them. 

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00:08:23,520 --> 00:08:25,800
I know ours new show. 
It's our job. 

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00:08:25,800 --> 00:08:27,760
It's our duty to cover clown 
world. 

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00:08:28,440 --> 00:08:30,120
But you don't have to pay 
attention to this. 

174
00:08:30,120 --> 00:08:33,799
Just stack sets take Bitcoin 
into custody and all of this 

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00:08:33,799 --> 00:08:36,640
stuff just falls away and you 
start to live a better life. 

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00:08:36,640 --> 00:08:39,600
Life is so much better on a 
Bitcoin standard, a personal 

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00:08:39,600 --> 00:08:41,760
Bitcoin standard. 
And then just wait till the 

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00:08:41,760 --> 00:08:43,039
whole world's on the Bitcoin 
standard. 

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00:08:43,039 --> 00:08:45,840
It's gonna be beautiful. 
It's such a beautiful life. 

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00:08:45,840 --> 00:08:48,480
It's we've been given paradise. 
Shouts out to Satoshi. 

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00:08:48,800 --> 00:08:52,120
Man, what a what a good day. 
Anyways, before we go on too 

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00:08:52,120 --> 00:08:56,200
long, we do have to plug our boy
Adam O'Brien Bitcoin. 

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00:08:56,200 --> 00:08:59,200
Well guys, make sure you are 
signing up. 

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00:08:59,200 --> 00:09:03,960
Actually, Adam, we have what, 
50, no, what 54 blocks? 

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00:09:04,400 --> 00:09:07,840
OK, so until this thing closes, 
so you guys, guys are listening 

186
00:09:07,840 --> 00:09:10,080
to Opti right here. 
I'm only going to say this like 

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00:09:10,080 --> 00:09:13,160
a few times in my life. 
Listen to Opti very carefully. 

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00:09:15,120 --> 00:09:18,400
Let's go guys make sure you scan
the QR code, you go to 

189
00:09:18,400 --> 00:09:22,840
bitcoinwell.com/simply Bitcoin a
Bitcoin only exchange, self 

190
00:09:22,840 --> 00:09:26,040
custody by default, no 
withdrawal fees, no withdrawal 

191
00:09:26,040 --> 00:09:28,720
fees, sorry and of course no VC 
money guys. 

192
00:09:28,720 --> 00:09:31,440
This is a platform for bit 
corners, buy bit corners and 

193
00:09:31,440 --> 00:09:34,840
they want your feedback. 
They want to build the best self

194
00:09:34,840 --> 00:09:38,080
custody platform, period. 
Literally the best one in the 

195
00:09:38,080 --> 00:09:38,840
States. 
Actually. 

196
00:09:38,840 --> 00:09:40,520
We'll go with all of North 
America guys. 

197
00:09:40,520 --> 00:09:44,200
So get in touch with Adam, slide
into his DMS, tag him on the 

198
00:09:44,200 --> 00:09:48,680
Twitter timeline, tell him what 
you want to improve on Bitcoin. 

199
00:09:48,680 --> 00:09:52,440
Well, and Adam was telling me in
in in Dallas that every two 

200
00:09:52,440 --> 00:09:53,920
weeks I'm going to put you on 
the spot, Adam. 

201
00:09:53,920 --> 00:09:56,520
Every two weeks they're going to
ship some new features for you 

202
00:09:56,520 --> 00:10:00,720
guys to make sure this is the 
best Bitcoin custody default 

203
00:10:00,720 --> 00:10:04,840
platform period. 
So go to bitcoinwell.com simply 

204
00:10:04,840 --> 00:10:08,360
Bitcoin and Sign up today. 
And on that note, guys, you have

205
00:10:08,360 --> 00:10:10,560
what did Adam just say about 50 
blocks here? 

206
00:10:10,560 --> 00:10:11,840
Let me, let me refresh. 
Did you? 

207
00:10:11,840 --> 00:10:13,440
Refresh it, that number should 
update. 

208
00:10:13,720 --> 00:10:16,760
Did you refresh? 
It's not there we go. 

209
00:10:16,760 --> 00:10:19,760
There we go, guys. 
So scan the QR code, go to 

210
00:10:19,760 --> 00:10:25,280
bitcoinwell.com/contest and you 
can enter into a chance to win 

211
00:10:25,280 --> 00:10:29,880
69% of 6,000,000 sets. 
And we got about roughly 50 

212
00:10:29,880 --> 00:10:33,400
blocks for you to sign up to be 
a part of this giveaway. 

213
00:10:33,840 --> 00:10:36,240
And man, hey, who doesn't like 
three sets? 

214
00:10:36,640 --> 00:10:41,120
Everyone that signs up today is 
going to also have a chance to 

215
00:10:41,120 --> 00:10:43,320
win some Bitcoin panties. 
I don't know if you guys have 

216
00:10:43,360 --> 00:10:47,640
seen Bitcoin panties before. 
Bitcoin panties are incredible. 

217
00:10:48,360 --> 00:10:49,520
Well, actually I have not worn 
them. 

218
00:10:49,520 --> 00:10:52,400
My wife wears them. 
Adam's wearing them as we speak 

219
00:10:52,400 --> 00:10:53,520
right now. 
Yeah, you know what? 

220
00:10:53,520 --> 00:10:55,680
You can't see my bottom. 
So I'm I'm, I'm never going to 

221
00:10:55,680 --> 00:10:59,360
confirm or deny that I am 
actively wearing Bitcoin panties

222
00:10:59,360 --> 00:11:01,360
right now. 
However, everyone that signs up 

223
00:11:01,360 --> 00:11:03,960
today also entered to win some 
Bitcoin panties. 

224
00:11:03,960 --> 00:11:07,320
So yeah, go join the con. 
Like I'm just so stoked that 

225
00:11:07,640 --> 00:11:11,000
honestly, like 6,000,000 SAT's, 
I think we've had over 6000 

226
00:11:11,000 --> 00:11:14,360
entries into this thing. 
Like it's just, it's just 

227
00:11:14,360 --> 00:11:18,360
absolutely been insane. 
So keep on, keep on keeping on. 

228
00:11:18,400 --> 00:11:21,240
Let's enter the jackpot contest.
We're giving away some. 

229
00:11:21,640 --> 00:11:24,200
We're giving away 10s of the 
jackpot to a geyser project. 

230
00:11:24,440 --> 00:11:27,840
Let's hit it. 
Let's go. 

231
00:11:28,160 --> 00:11:29,960
All right, boys and girls, scan 
the QR code. 

232
00:11:30,560 --> 00:11:34,840
Get there right now. 
But on that note, let's get to 

233
00:11:34,920 --> 00:11:39,560
the numbers. 
The Bitcoin numbers. 

234
00:11:40,040 --> 00:11:42,840
Is your Bitcoin and cold storage
really secure? 

235
00:11:42,960 --> 00:11:45,480
Is your seed phrase really 
secure? 

236
00:11:45,600 --> 00:11:49,120
Stamp seeds Do It Yourself Kit 
has everything you need to 

237
00:11:49,120 --> 00:11:53,520
hammer your seed words into 
commercial grade titanium plates

238
00:11:53,720 --> 00:11:55,720
instead of just writing them on 
paper. 

239
00:11:56,000 --> 00:11:59,200
Don't store your generational 
wealth on paper. 

240
00:11:59,600 --> 00:12:02,160
Papers prone to water damage, 
fire damage. 

241
00:12:02,360 --> 00:12:04,600
You want to put your 
generational wealth on one of 

242
00:12:04,600 --> 00:12:06,640
the strongest metals on planet 
earth. 

243
00:12:06,800 --> 00:12:09,160
Titanium. 
Your words are actually stamped 

244
00:12:09,160 --> 00:12:12,720
into this metal plate with this 
hammer and these letter stamps. 

245
00:12:12,760 --> 00:12:15,320
And once your words are in, they
aren't going anywhere. 

246
00:12:15,360 --> 00:12:19,000
No risk of the plate breaking 
apart and pieces falling 

247
00:12:19,000 --> 00:12:21,440
everywhere. 
Titanium stamp seeds will 

248
00:12:21,440 --> 00:12:24,400
survive nearly triple the heat 
produced by a house fire. 

249
00:12:24,400 --> 00:12:27,560
They're also crush proof, 
waterproof, non corrosive, and 

250
00:12:27,560 --> 00:12:29,800
time proof. 
All things that paper is not 

251
00:12:29,840 --> 00:12:33,040
allowing you to huddle your 
Bitcoin with Peace of Mind for 

252
00:12:33,120 --> 00:12:36,520
the long haul. 
Stamp your seed on stamp seed. 

253
00:12:37,280 --> 00:12:40,600
All right, guys. 
Also scan the QR code and there 

254
00:12:40,840 --> 00:12:44,080
is a discount for the halving 
today on stamp seed. 

255
00:12:44,080 --> 00:12:47,800
So you can get 50% off all the 
steel plates on the website 

256
00:12:47,800 --> 00:12:49,400
today. 
I'm think it's running for 24 

257
00:12:49,400 --> 00:12:51,160
hours. 
So if you've been thinking about

258
00:12:51,160 --> 00:12:54,240
getting yourself a stamp seed, 
thinking about getting a kit, 

259
00:12:54,240 --> 00:12:57,520
you maybe you need to, you know,
get more stamp seeds because 

260
00:12:57,520 --> 00:13:00,120
you're making more wallets. 
You're going multi sig get to 

261
00:13:00,120 --> 00:13:02,840
the website today. 
You get 50% off all plates, boys

262
00:13:02,840 --> 00:13:04,640
and girls. 
So you know, we got deals for 

263
00:13:04,640 --> 00:13:07,120
you on the halving day. 
All right, guys, let's get into 

264
00:13:07,120 --> 00:13:09,200
the numbers. 
So before I go on, I think my 

265
00:13:09,200 --> 00:13:12,040
numbers changed a little bit 
because Clark Moody updated his 

266
00:13:12,040 --> 00:13:14,400
dashboard. 
So I had to re, you know, I had 

267
00:13:14,400 --> 00:13:17,480
to update my, my favorites on 
here, but we're over here on 

268
00:13:17,480 --> 00:13:21,480
bitcoin.clarkmoody.com going 
over the numbers. 

269
00:13:21,480 --> 00:13:23,280
So of course, first and 
foremost, I think everyone's 

270
00:13:23,280 --> 00:13:25,320
favorite number will rather all 
the number go up. 

271
00:13:25,320 --> 00:13:27,560
Maxi's favorite number is the 
price of Bitcoin. 

272
00:13:27,560 --> 00:13:31,320
We're currently at $63,700 per 
Bitcoin. 

273
00:13:31,440 --> 00:13:34,760
We are at 15170 stats per 
dollar. 

274
00:13:34,760 --> 00:13:39,040
I repeat, you can get 1569 stats
per dollar. 

275
00:13:39,200 --> 00:13:42,440
The price of a dollar right now 
is roughly around 1500 stats. 

276
00:13:42,440 --> 00:13:44,800
Guys, it's going down man. 
It's going to it's going to 

277
00:13:44,800 --> 00:13:47,800
really hurt once it's under 1000
or maybe it'll be a bittersweet 

278
00:13:47,800 --> 00:13:49,800
moment. 
Anyways, the market cap and Fiat

279
00:13:49,800 --> 00:13:54,440
terms for Bitcoin is $1.26 
trillion, which I think is 

280
00:13:54,440 --> 00:13:57,440
slightly under silver right now.
So we gotta pump this up. 

281
00:13:57,440 --> 00:13:59,800
We gotta, we gotta make sure we 
solidify our position over 

282
00:13:59,800 --> 00:14:00,920
silver. 
I've actually been getting 

283
00:14:00,920 --> 00:14:05,000
silver, silver bugs hitting my 
my, my timeline the last couple 

284
00:14:05,000 --> 00:14:06,760
of days 'cause I've been 
trolling them that Bitcoin is 

285
00:14:06,760 --> 00:14:11,680
the hardest, soundest money in 
the world and, and man, silver 

286
00:14:11,680 --> 00:14:13,560
bugs. 
I, I can't even I can't even go 

287
00:14:13,560 --> 00:14:14,240
with it. 
All right. 

288
00:14:14,240 --> 00:14:16,120
And the total percentage of 
Bitcoin that will ever be 

289
00:14:16,120 --> 00:14:20,560
issued, I repeat, that will ever
be issued is that 93.74% the 

290
00:14:20,560 --> 00:14:23,080
realized monetary inflation 
taking Fiat currencies of school

291
00:14:23,080 --> 00:14:25,280
is 1.73% and about to be cut in 
half. 

292
00:14:25,680 --> 00:14:28,600
Love to see it. 
It is solidifying itself as the 

293
00:14:28,600 --> 00:14:32,440
soundest, hardest, most 
unfuckable money in the world 

294
00:14:32,640 --> 00:14:34,800
and roughly 50 blocks. 
Just love to see it. 

295
00:14:35,040 --> 00:14:37,320
And the pending fees, at least 
according to the Manpo that 

296
00:14:37,320 --> 00:14:40,400
Clark Mooby's connected to, is 
15.48 BTC. 

297
00:14:40,560 --> 00:14:43,160
Remember guys, I was telling 
you, I, I told you this 

298
00:14:43,160 --> 00:14:46,600
yesterday, the fees might get 
crazy considering all of this 

299
00:14:46,600 --> 00:14:50,120
stuff happening around block 
840,000. 

300
00:14:50,120 --> 00:14:52,760
There's you know, the ordinal 
Maxis out there, there's this 

301
00:14:52,760 --> 00:14:55,680
new D Gen. shit coin thing 
called runes about to get 

302
00:14:55,680 --> 00:14:59,760
unleashed at 8:40. 
So we might be seeing some crazy

303
00:14:59,760 --> 00:15:03,720
fees later tonight. 
It should you know it, it should

304
00:15:03,720 --> 00:15:06,640
find its way to to uh, uh, 
equilibrium. 

305
00:15:06,640 --> 00:15:09,760
But hey, have you been waiting 
to consolidate your UTXOS? 

306
00:15:09,760 --> 00:15:11,840
Maybe today is not the day, 
guys. 

307
00:15:11,840 --> 00:15:13,520
Maybe you want to give it a 
couple of days. 

308
00:15:13,520 --> 00:15:16,920
We'll see what have maybe maybe 
the the having block comes by 

309
00:15:16,920 --> 00:15:19,480
with no fireworks, but I think I
think we might have some 

310
00:15:19,480 --> 00:15:22,160
fireworks later tonight. 
Anyways, the blocks to happening

311
00:15:22,160 --> 00:15:26,960
55 as you guys know, the having 
estimate, at least in America is

312
00:15:26,960 --> 00:15:30,360
April 19th, 2024. 
Unfortunately, we are one day 

313
00:15:30,800 --> 00:15:33,800
behind the meme day, but hey, 
you never know, maybe maybe it 

314
00:15:33,800 --> 00:15:36,560
takes 2 to 3 hours to get some 
of these blocks and we actually 

315
00:15:36,560 --> 00:15:39,280
hit the April 20th. 
That would be hilarious. 

316
00:15:39,280 --> 00:15:41,920
And then the these are the new 
numbers I added for you guys. 

317
00:15:41,920 --> 00:15:45,520
So I know everyone out here 
that's like, oh, Opti's talking 

318
00:15:45,520 --> 00:15:48,840
about the price, like, oh, let's
not talk about the price day 

319
00:15:48,840 --> 00:15:51,000
since all time high. 
I don't I didn't I I didn't even

320
00:15:51,000 --> 00:15:52,680
know this was a number on Clark 
Moody's dashboard. 

321
00:15:52,680 --> 00:15:55,200
But it's only been 36 days and 
all you guys are getting 

322
00:15:55,200 --> 00:15:57,880
absolutely bearish out there 
like it's over for Bitcoin. 

323
00:15:57,880 --> 00:16:01,480
It's been literally barely over 
a month and we haven't hit an 

324
00:16:01,480 --> 00:16:03,920
all time high and everyone's 
already tuning out all all the 

325
00:16:03,920 --> 00:16:06,240
bitcoins are such bears. 
It's like if the price doesn't 

326
00:16:06,240 --> 00:16:08,560
just pump consistently, we're 
like, oh, it's over man. 

327
00:16:08,840 --> 00:16:12,800
And the decline from all time 
highs is only 13.6%. 

328
00:16:12,800 --> 00:16:17,000
So guys like, relax, nothing's 
nothing's going wrong. 

329
00:16:17,000 --> 00:16:19,120
Everything's good guys just keep
stacking. 

330
00:16:19,120 --> 00:16:22,640
This is Bitcoin on sale. 
If you like Bitcoin at 73 K, 

331
00:16:22,640 --> 00:16:25,240
you're going to absolutely love 
it when it's 13% down. 

332
00:16:25,240 --> 00:16:27,520
It's just cheaper sats. 
You get more sats for your 

333
00:16:27,520 --> 00:16:30,760
dollar. 
Oh man, it's it's so frustrating

334
00:16:30,760 --> 00:16:33,840
talking to Normie sometimes. 
Anyways, what I really want to 

335
00:16:33,840 --> 00:16:36,480
talk about here, and this is 
something we always talk about 

336
00:16:36,680 --> 00:16:38,640
and we're about to get trolled 
in the chat because I'm going to

337
00:16:38,640 --> 00:16:40,920
say it and you guys always troll
Nico about it. 

338
00:16:41,120 --> 00:16:44,280
But this is the over 10 window 
shifting. 

339
00:16:44,640 --> 00:16:48,120
Look, I'm not even the biggest 
Fox News fan, but shouts out the

340
00:16:48,120 --> 00:16:51,440
Charles Payne. 
He's an absolute Bitcoin maxi 

341
00:16:51,440 --> 00:16:53,280
out here. 
Just spreading the signal to the

342
00:16:53,280 --> 00:16:55,920
boomers out there that still 
watch television on Fox. 

343
00:16:56,160 --> 00:16:57,840
And you know, again, we say it 
all the time. 

344
00:16:57,840 --> 00:17:00,840
It's not left first, right. 
It is orange versus green. 

345
00:17:00,880 --> 00:17:04,960
But hey, Fox News is doing a 
very good job of spreading the 

346
00:17:04,960 --> 00:17:07,720
Bitcoin signal. 
Even though we covered on the 

347
00:17:07,720 --> 00:17:09,680
show, I forget when it was, 
maybe it was Wednesday or 

348
00:17:09,680 --> 00:17:12,000
something like that, about the 
fact that viewership on 

349
00:17:12,000 --> 00:17:14,640
television is absolutely lower 
than some of the Bitcoin 

350
00:17:14,640 --> 00:17:18,440
accounts that we know and love. 
So very few people are actually 

351
00:17:18,440 --> 00:17:21,359
watching the television, but 
they're still doing Satoshi's 

352
00:17:21,359 --> 00:17:22,880
work out there. 
They're still spreading the 

353
00:17:22,880 --> 00:17:24,680
signal. 
They're they're at least trying 

354
00:17:24,680 --> 00:17:27,079
to wake people up to what the 
real problem is. 

355
00:17:27,520 --> 00:17:29,280
And Eric hit the nail on the 
head earlier. 

356
00:17:29,280 --> 00:17:30,840
The real problem is the money, 
guys. 

357
00:17:30,840 --> 00:17:34,000
It's always about the money and 
the money is broken. 

358
00:17:34,000 --> 00:17:35,560
And This is why we're 
bitcoiners. 

359
00:17:35,720 --> 00:17:38,160
This is why we are so hyped for 
the having. 

360
00:17:38,320 --> 00:17:41,360
But enough of me ranting. 
Let's play this video real quick

361
00:17:41,360 --> 00:17:43,160
and you guys can see actually 
I'm going to I'm going to 

362
00:17:43,160 --> 00:17:46,560
compare and contrast this. 
So these are two clips from from

363
00:17:46,560 --> 00:17:47,840
Fox that I'm going to play right
now. 

364
00:17:48,240 --> 00:17:52,480
And we got an unlikely hero from
the UFC 300 and he went back on 

365
00:17:52,480 --> 00:17:54,400
Fox and he's still spreading the
signal. 

366
00:17:54,400 --> 00:17:57,840
So let's kind of go into the 
first clip, which will be kind 

367
00:17:57,840 --> 00:18:00,480
of more of the normie take of 
what's going on in the world. 

368
00:18:00,760 --> 00:18:03,920
And then we just add the 
bitcoiner there and we basically

369
00:18:03,920 --> 00:18:05,280
say, hey guys, we have the 
solution. 

370
00:18:05,280 --> 00:18:07,520
Like you guys have all these 
problems in the world, but it's 

371
00:18:07,520 --> 00:18:09,080
very simple, it's very clear 
cut. 

372
00:18:09,560 --> 00:18:11,080
It is Bitcoin. 
It is simply Bitcoin. 

373
00:18:11,080 --> 00:18:12,800
This is how you get out of this 
situation. 

374
00:18:13,080 --> 00:18:14,560
So let's play this clip here 
again. 

375
00:18:14,560 --> 00:18:16,440
This is on Fox News. 
But just listen to him. 

376
00:18:16,440 --> 00:18:18,800
Just listen to him. 
You know, that Canadian clip is 

377
00:18:18,800 --> 00:18:21,440
so scary because that really 
could happen in America. 

378
00:18:21,480 --> 00:18:24,080
The Federal Reserve has already 
talked about potentially a bail 

379
00:18:24,200 --> 00:18:25,760
in. 
They will not bail the banks out

380
00:18:25,800 --> 00:18:29,040
again, Charles, if anything 
happens, money could be frozen 

381
00:18:29,200 --> 00:18:30,760
and clients and will be locked 
out. 

382
00:18:30,800 --> 00:18:32,880
You believe that though? 
No, I don't believe that that 

383
00:18:32,880 --> 00:18:33,920
would happen. 
Yes, I do. 

384
00:18:34,320 --> 00:18:35,960
Do you believe they won't bail 
the banks out? 

385
00:18:36,560 --> 00:18:38,040
Two things. 
You've got the Federal Reserve, 

386
00:18:38,040 --> 00:18:39,720
which really is a bank for the 
wealthy. 

387
00:18:39,880 --> 00:18:41,960
I mean, it's a bank for the 
banks and it banks for the 

388
00:18:41,960 --> 00:18:43,080
wealthy. 
That's what they work for. 

389
00:18:43,280 --> 00:18:45,360
They don't work for the US, for 
citizens. 

390
00:18:45,360 --> 00:18:47,280
We, it's time people understood 
that. 

391
00:18:47,480 --> 00:18:49,680
I'm so glad you said this 
because so many people think 

392
00:18:49,680 --> 00:18:52,400
that because we're the world 
reserve currency that we have to

393
00:18:52,400 --> 00:18:54,400
build out the dollar that we 
won't let our system collapse. 

394
00:18:54,520 --> 00:18:57,480
What they don't understand is 
what the BRICS nations are doing

395
00:18:57,640 --> 00:19:00,280
to basically do cross-border 
payment transactions in local 

396
00:19:00,280 --> 00:19:03,240
currencies without a reserve 
alternative to the dollar. 

397
00:19:03,240 --> 00:19:05,240
So yes, I believe with the 
amount of. 

398
00:19:05,240 --> 00:19:06,480
Deficits that we're running, 
that we. 

399
00:19:06,560 --> 00:19:08,720
We just seem to carte blanche. 
We're not in a war right now 

400
00:19:08,720 --> 00:19:10,480
directly. 
We're not in a pandemic. 

401
00:19:10,480 --> 00:19:12,960
And yet we're still getting a 
$7.3 trillion budget proposal 

402
00:19:12,960 --> 00:19:15,200
from this administration. 
I think the rest of the world is

403
00:19:15,240 --> 00:19:18,480
saying America has taken modern 
monetary theory way too far. 

404
00:19:19,000 --> 00:19:21,720
Well, they're finally saying 
what as Bitcoin has been saying.

405
00:19:21,720 --> 00:19:23,840
And you guys see the tag here, 
America going broke? 

406
00:19:24,000 --> 00:19:28,720
No, it's been broke since 1971. 
Like normie conversation is so 

407
00:19:28,720 --> 00:19:29,400
frustrating. 
Go. 

408
00:19:29,560 --> 00:19:31,360
Go, Adam. 
What happened in 19? 

409
00:19:31,360 --> 00:19:33,520
70 Yeah. 
What happened in 1971? 

410
00:19:33,520 --> 00:19:37,560
I I wonder, man, but it's so 
funny, like, you know, they, 

411
00:19:37,600 --> 00:19:40,280
they're even talking bad about 
the, the MMM tears, you know, 

412
00:19:40,280 --> 00:19:43,120
modern modern monetary theory. 
They're they're out here like, 

413
00:19:43,120 --> 00:19:45,360
wait, like, what's going on? 
What, what can we do? 

414
00:19:45,360 --> 00:19:47,120
How, how do we fix this 
situation? 

415
00:19:47,120 --> 00:19:49,760
They don't care about lowering 
the deficit. 

416
00:19:49,760 --> 00:19:51,360
They don't even care about 
printing more money. 

417
00:19:51,360 --> 00:19:53,440
And like, look at look at what 
bricks is doing. 

418
00:19:53,440 --> 00:19:56,120
And we're over here like, yeah, 
guys, there is a solution. 

419
00:19:56,360 --> 00:19:59,960
And shouts out to Renato 
Moshano. 

420
00:19:59,960 --> 00:20:01,320
I don't know how to say your 
last name, bro. 

421
00:20:01,320 --> 00:20:06,160
Apologies, but he goes on Fox. 
And he's just ripping the 

422
00:20:06,160 --> 00:20:09,360
Bitcoin signal. 
And again, compare that last 

423
00:20:09,360 --> 00:20:12,360
clip to what a UFC fighter is 
saying. 

424
00:20:13,000 --> 00:20:15,000
And this is what we say all the 
time of bitcoins. 

425
00:20:15,000 --> 00:20:19,400
You know 80 IQ Bitcoin plebs out
here like we can barely speak 

426
00:20:19,400 --> 00:20:22,440
English and yet we have the 
right point of view on the 

427
00:20:22,440 --> 00:20:24,880
world. 
We are correct and it constantly

428
00:20:24,880 --> 00:20:28,160
shows because we just thrive and
prosper and life gets better on 

429
00:20:28,160 --> 00:20:31,800
a Bitcoin standard. 
Look at Renato on Fox, he's 

430
00:20:31,800 --> 00:20:34,640
spreading the signal and if you 
compare and contrast what the 

431
00:20:34,640 --> 00:20:37,040
Fiat minded pre coiners are 
talking about versus what 

432
00:20:37,040 --> 00:20:39,920
bitcoiners are talking about on 
the same channel, it is night 

433
00:20:39,920 --> 00:20:41,040
and day. 
Check this out. 

434
00:20:41,480 --> 00:20:44,600
I also read that you think 
interest rates are going higher 

435
00:20:44,600 --> 00:20:47,480
and that you want to get paid 
your MMA bonus in Bitcoin, 

436
00:20:47,480 --> 00:20:52,600
right, 100% That's that's a huge
part of the Austria economic 

437
00:20:52,640 --> 00:20:55,320
school, right? 
Supply and demand and scarcity. 

438
00:20:55,600 --> 00:20:59,120
And I think Bitcoin represents 
that the, the Bitcoin even 

439
00:20:59,120 --> 00:21:04,920
though is is dropping a little 
bit, I think the is a defense 

440
00:21:04,920 --> 00:21:09,280
against the, the, the tyrant 
state is a defense against 

441
00:21:09,280 --> 00:21:11,680
inflation too, because 
eventually is going go up 

442
00:21:11,680 --> 00:21:14,440
because everybody's knowing what
Bitcoin is. 

443
00:21:14,680 --> 00:21:18,680
And the dollar is losing value 
because the interest rates, 

444
00:21:18,920 --> 00:21:22,720
because the government keeps 
printing money, keep doing 

445
00:21:22,720 --> 00:21:26,320
handouts, keeping doing like 
welfare to the people. 

446
00:21:26,560 --> 00:21:30,920
They, they are not trying to to,
to control the supply of the 

447
00:21:30,920 --> 00:21:32,640
money. 
They are always printing more so

448
00:21:32,640 --> 00:21:35,280
I think that's going to be 
beneficial to Bitcoin. 

449
00:21:36,960 --> 00:21:41,040
Just absolutely love it. 
Absolutely love the contrast 

450
00:21:41,040 --> 00:21:42,840
there. 
He like all right, first and 

451
00:21:42,840 --> 00:21:45,680
foremost, let's just TLDR this. 
that Lady, she's sitting there 

452
00:21:45,680 --> 00:21:47,320
like, oh, who knows what's going
on? 

453
00:21:47,320 --> 00:21:50,480
They're printing all this money.
What's going to happen and the 

454
00:21:50,480 --> 00:21:53,840
bitcoiner, someone said his last
name is Moicano. 

455
00:21:53,960 --> 00:21:57,760
All right, shots out Renata 
Moikano, I think, or yeah, 

456
00:21:57,760 --> 00:22:01,240
sorry, I'm so bad with names. 
He just comes out here, clearly 

457
00:22:01,240 --> 00:22:03,840
tells you what the problem is, 
clearly tells you what the 

458
00:22:03,840 --> 00:22:06,600
solutions are. 
And he's like, yo, like, I don't

459
00:22:06,600 --> 00:22:08,920
have to listen to these people. 
I just want to get paid in 

460
00:22:08,920 --> 00:22:11,560
Bitcoin. 
This is how you change the 

461
00:22:11,560 --> 00:22:13,280
world. 
All you need to do is take 

462
00:22:13,280 --> 00:22:16,720
Bitcoin into custody, save in 
Bitcoin, continue to talk about 

463
00:22:16,720 --> 00:22:19,840
Bitcoin, continue to spread the 
signal so people understand 

464
00:22:19,840 --> 00:22:22,120
what's going on. 
And the more eloquent you are 

465
00:22:22,280 --> 00:22:25,880
like, look, I can barely speak 
English and yet we're here. 

466
00:22:26,080 --> 00:22:27,760
I understand what's going on in 
the world. 

467
00:22:27,760 --> 00:22:31,960
And it's all because of Bitcoin 
and this guy again, we are 

468
00:22:31,960 --> 00:22:33,880
basically at the fall of the 
Roman Empire. 

469
00:22:33,880 --> 00:22:37,200
You know, the bread and circus's
meme and literally the gladiator

470
00:22:37,200 --> 00:22:40,440
that was in the circus 
understands what's going on with

471
00:22:40,440 --> 00:22:43,440
the crumbling of the empire 
better than the people that are 

472
00:22:43,440 --> 00:22:46,680
supposedly knowing in the know 
the experts on what's happening 

473
00:22:46,680 --> 00:22:48,640
in the world. 
You just absolutely love to see.

474
00:22:48,640 --> 00:22:51,360
And This is why we always say 
that the the Overton window is 

475
00:22:51,360 --> 00:22:56,000
shifting bit corners are 
cracking the the echo chamber. 

476
00:22:56,080 --> 00:22:59,800
We are breaking out and our 
signal is going mainstream right

477
00:22:59,800 --> 00:23:01,280
now. 
And I think in the next four 

478
00:23:01,280 --> 00:23:03,440
years, it's going to be 
undeniable. 

479
00:23:03,440 --> 00:23:05,920
Everything we've been saying as 
Bitcoiners is going to be 

480
00:23:05,920 --> 00:23:07,560
popular mainstream 
consciousness. 

481
00:23:07,800 --> 00:23:10,280
It might take a while till 
everyone gets on the Bitcoin 

482
00:23:10,280 --> 00:23:13,600
standard, but it's our world and
everyone else is just living in 

483
00:23:13,600 --> 00:23:15,160
it. 
It's our meme world and everyone

484
00:23:15,160 --> 00:23:17,320
else is just living in it. 
Anyways, let's get Adam in there

485
00:23:17,320 --> 00:23:19,400
since he chimed in, and then 
we'll get Eric to do a rip. 

486
00:23:20,440 --> 00:23:22,360
Yeah, man, you sit like you love
to see it. 

487
00:23:22,360 --> 00:23:25,240
The Overton window, man, I mean,
we talk about it way too much, 

488
00:23:25,240 --> 00:23:28,160
but it's so real. 
I think ultimately it's going to

489
00:23:28,160 --> 00:23:31,800
come down to people. 
People that will adopt Bitcoin 

490
00:23:31,880 --> 00:23:35,360
are going to have a better life.
And funny enough, it will not be

491
00:23:35,360 --> 00:23:38,000
America. 
The, the, the lack of interest 

492
00:23:38,000 --> 00:23:40,640
in a Bitcoin standard is 
actually what is going to 

493
00:23:40,640 --> 00:23:45,520
prevent America from, from, from
thriving into the future. 

494
00:23:45,520 --> 00:23:48,320
And I think that, you know, when
we're seeing countries like El 

495
00:23:48,320 --> 00:23:52,800
Salvador completely embrace and,
and encourage their, their 

496
00:23:52,800 --> 00:23:55,480
people to get on a Bitcoin 
standard, we're going to see 

497
00:23:55,480 --> 00:23:58,280
these third party or these, 
these third world nations 

498
00:23:58,640 --> 00:24:02,800
continue to dominate in, in 
economic prosperity throughout 

499
00:24:02,960 --> 00:24:04,320
the future. 
We're really seeing this 

500
00:24:04,320 --> 00:24:08,840
separation, this, this, this 
shifting of, of economic powers.

501
00:24:08,840 --> 00:24:10,720
And like we're witnessing it in 
real time. 

502
00:24:10,720 --> 00:24:13,040
And it's actually, it's actually
kind of insane. 

503
00:24:13,520 --> 00:24:18,000
You know, the same way WTF 
happened in 1971, Like WTF 

504
00:24:18,000 --> 00:24:22,600
happened in 2024? 
WTF happened in, in 2009 on 

505
00:24:22,600 --> 00:24:25,600
January 3rd. 
It's absolutely remarkable that 

506
00:24:25,600 --> 00:24:30,200
this moment in time is going to 
be talked about for centuries 

507
00:24:30,200 --> 00:24:34,320
and and centuries and centuries 
and, and maybe not in certain 

508
00:24:34,320 --> 00:24:37,720
parts of the world because they 
won't want the embarrassment 

509
00:24:37,920 --> 00:24:39,240
that they didn't embrace 
Bitcoin. 

510
00:24:39,240 --> 00:24:40,920
They won't want the 
embarrassment that they thought 

511
00:24:41,120 --> 00:24:43,600
they could print their way out 
of disaster. 

512
00:24:43,600 --> 00:24:47,000
I mean, you hear that, that that
that news anchor like, you know,

513
00:24:47,000 --> 00:24:50,360
they think we won't let the 
dollar collapse as if you have 

514
00:24:50,360 --> 00:24:54,400
any control, as if they have the
ability to prevent a collapse 

515
00:24:54,400 --> 00:24:58,360
when they're over inflating the 
dollar to ungodly levels. 

516
00:24:58,520 --> 00:25:02,760
It's absolutely laughable that 
they think there is anything 

517
00:25:02,760 --> 00:25:06,880
else in the world that matters 
compared to supply and demand. 

518
00:25:06,880 --> 00:25:10,880
We have a certain supply of 
money and a demand from the GDP.

519
00:25:11,080 --> 00:25:13,960
Anything outside of that is 
smoke and mirrors and has a 

520
00:25:13,960 --> 00:25:16,200
shelf life. 
The world has always functioned.

521
00:25:16,440 --> 00:25:19,480
How much do you produce versus 
how much do you consume? 

522
00:25:19,760 --> 00:25:22,520
And as soon as that gets out of 
balance or there's a third kind 

523
00:25:22,520 --> 00:25:25,880
of integer, you know, weaseling 
its way into that is when things

524
00:25:25,880 --> 00:25:28,480
start to get goofy. 
Short term, fine, but long term 

525
00:25:28,480 --> 00:25:30,640
goofy. 
And we don't want long term 

526
00:25:30,640 --> 00:25:33,400
goofy. 
Bitcoin puts an end to long term

527
00:25:33,400 --> 00:25:35,240
goofy. 
And I think that's just, that's 

528
00:25:35,240 --> 00:25:36,880
why we're here, man. 
That's why the 5th epoch is 

529
00:25:36,880 --> 00:25:39,280
going to be important. 
The 5th epoch is the mainstream 

530
00:25:39,280 --> 00:25:41,240
epoch and we're starting to see 
it. 

531
00:25:41,240 --> 00:25:44,920
People are like you want your 
whole bonus in Bitcoin, guys, in

532
00:25:44,920 --> 00:25:48,320
the 5th epoch, it'll be like you
only took half your bonus in 

533
00:25:48,320 --> 00:25:49,760
Bitcoin. 
What are you doing? 

534
00:25:49,760 --> 00:25:52,520
How come only half like are you 
bearish bro? 

535
00:25:52,720 --> 00:25:56,440
It's going to be absolutely mind
blowing and and I need everyone 

536
00:25:56,440 --> 00:25:59,000
to remember this is where I 
disagree with you, Opti. 

537
00:25:59,280 --> 00:26:03,840
It is not dollars per Bitcoin. 
Dollars are not going or Bitcoin

538
00:26:03,840 --> 00:26:06,680
is not going up. 
The dollars are coming down. 

539
00:26:06,760 --> 00:26:10,800
The increase that Bitcoin sees, 
one Bitcoin is 1 Bitcoin, 100 

540
00:26:10,800 --> 00:26:12,640
million sats is 100 million 
sats. 

541
00:26:12,960 --> 00:26:15,080
It's just your purchasing power 
that's changing. 

542
00:26:15,080 --> 00:26:17,600
We gotta get out of this Fiat 
mindset. 

543
00:26:17,600 --> 00:26:22,520
We gotta understand that Bitcoin
is the root value only because 

544
00:26:22,520 --> 00:26:25,680
it is a representation of the 
value that you create with your 

545
00:26:25,680 --> 00:26:27,080
time. 
Eric's head at the top of the 

546
00:26:27,080 --> 00:26:29,560
show. 
Our time is what scarce and 

547
00:26:29,560 --> 00:26:32,920
Bitcoin is the perfect 
reflection of our time. 

548
00:26:33,160 --> 00:26:36,040
We absolutely need no loco It is
apoc. 

549
00:26:36,040 --> 00:26:38,480
You're right. 
Thank you for the correction on 

550
00:26:38,480 --> 00:26:42,240
the for the Canadian here. 
It is the perfect, a perfect 

551
00:26:42,240 --> 00:26:46,560
representation of our time and 
how our time is and should be 

552
00:26:46,560 --> 00:26:49,320
valued. 
Your your time, your value goes 

553
00:26:49,360 --> 00:26:54,600
up, your stock increases as you 
get smarter, as you get faster, 

554
00:26:54,600 --> 00:26:58,080
as you get more efficient, as 
you have some, some some St. 

555
00:26:58,080 --> 00:27:00,000
cred coming in, your stock 
rises. 

556
00:27:00,000 --> 00:27:03,960
That's how Bitcoin is designed. 
It follows and perfectly mimics 

557
00:27:04,280 --> 00:27:07,080
your time. 
So I'm like obviously super 

558
00:27:07,080 --> 00:27:10,760
bullish. 
One Bitcoin is 1 Bitcoin dollars

559
00:27:10,760 --> 00:27:13,240
are going down. 
Escape the clown world. 

560
00:27:13,240 --> 00:27:14,560
Vote with your dollars. 
Let's go. 

561
00:27:16,200 --> 00:27:20,280
Oh man, this is getting a little
bit liberal. 

562
00:27:20,320 --> 00:27:22,360
Let's start. 
You now it's Friday. 

563
00:27:22,360 --> 00:27:25,800
It's the having, you know, it's 
the having simply Bitcoin 

564
00:27:25,800 --> 00:27:26,680
string. 
I'm feeling good. 

565
00:27:26,680 --> 00:27:30,440
And also Adam, I I think you're 
earning your stripes as Co host 

566
00:27:30,440 --> 00:27:34,280
cause dunking on Opti is is 
that's how you get your stripes.

567
00:27:34,480 --> 00:27:36,960
That's how you get your stride 
from all right, Eric, what's 

568
00:27:36,960 --> 00:27:40,040
your thoughts on these clips? 
What, what what What goes 

569
00:27:40,040 --> 00:27:41,520
through your brain when you 
watch this stuff? 

570
00:27:42,280 --> 00:27:46,160
Well, First off, word to all of 
that, Adam very well said. 

571
00:27:47,760 --> 00:27:49,920
Yeah, you know that. 
What comes to mind is is you 

572
00:27:49,920 --> 00:27:54,360
have this broken, broken, 
Keynesian, nebulous, modern 

573
00:27:54,360 --> 00:27:57,600
monetary trash perspective. 
And when you listen to people 

574
00:27:57,600 --> 00:28:00,640
try to explain MMT, it doesn't 
make sense. 

575
00:28:00,640 --> 00:28:04,560
It's not mathematically sound. 
And so you have a lot of, I 

576
00:28:04,560 --> 00:28:08,160
don't know, flood, gas lighting,
it's like this, this back and 

577
00:28:08,160 --> 00:28:09,200
forth. 
People don't read their 

578
00:28:09,600 --> 00:28:12,360
pontificating on how this is 
taking place and what's that, 

579
00:28:12,360 --> 00:28:14,720
what's going to happen. 
Here's the bottom line from my 

580
00:28:14,720 --> 00:28:17,680
perspective. 
You have a debt based Fiat 

581
00:28:17,800 --> 00:28:21,760
monetary system where the units 
are lent into existence is debt 

582
00:28:21,760 --> 00:28:24,920
against assets. 
We live in a fundamentally 

583
00:28:24,920 --> 00:28:28,440
deflationary world where we're 
making more of everything for 

584
00:28:28,440 --> 00:28:30,160
less. 
So with human ingenuity and 

585
00:28:30,160 --> 00:28:32,680
technology, we're driving real 
cost down on everything. 

586
00:28:32,880 --> 00:28:36,640
However, the dollar denominated 
cost on everything has to go up.

587
00:28:36,960 --> 00:28:41,280
And so you have this artificial 
price pump you could say based 

588
00:28:41,280 --> 00:28:44,080
upon them injecting more 
monetary units into the system. 

589
00:28:44,400 --> 00:28:47,080
And so there's two ways for in 
the system. 

590
00:28:47,080 --> 00:28:49,360
I mean, there's a multitude of 
ways that they can inject money 

591
00:28:49,360 --> 00:28:51,120
into the system. 
And I personally don't think 

592
00:28:51,120 --> 00:28:53,680
it's going to be a bailout 
because you'll cause mayhem on 

593
00:28:53,680 --> 00:28:54,960
the streets. 
People will go crazy. 

594
00:28:54,960 --> 00:28:59,360
You can't seize people's money. 
You can tax or you can inject A 

595
00:28:59,360 --> 00:29:02,760
liquidity, you can debase. 
And if you debase too fast, 

596
00:29:02,760 --> 00:29:05,640
prices go up too fast. 
If you tax too much, people go 

597
00:29:05,640 --> 00:29:07,400
crazy. 
So it's this back and forth 

598
00:29:07,400 --> 00:29:08,920
game. 
Like I think what took place 

599
00:29:08,920 --> 00:29:12,080
with COVID is kind of 
interesting where you had all 

600
00:29:12,080 --> 00:29:14,840
this stimulus and they 
essentially, I don't know, 40% 

601
00:29:14,840 --> 00:29:17,480
of the money was was created. 
I don't know, my math could be 

602
00:29:17,480 --> 00:29:18,680
wrong. 
But essentially you could say 

603
00:29:18,680 --> 00:29:21,000
that they basically doubled the 
money supply within a year or 

604
00:29:21,000 --> 00:29:23,960
two after COVID. 
In some sense, I believe that 

605
00:29:23,960 --> 00:29:26,560
that was a very well 
orchestrated false flag to come 

606
00:29:26,560 --> 00:29:29,720
up with a new reason on how to 
inject more money into the 

607
00:29:29,720 --> 00:29:31,760
system because it can't happen 
in the same way that it's 

608
00:29:31,760 --> 00:29:33,720
happened before. 
You'll have more people marching

609
00:29:33,720 --> 00:29:35,840
on Wall Street, you'll have 
mayhem on the streets, right? 

610
00:29:36,640 --> 00:29:39,480
And so he'll come up with 
another creative way, another 

611
00:29:39,480 --> 00:29:42,520
spending bill, whatever, because
every time there's a default 

612
00:29:42,520 --> 00:29:47,360
within the system as a result of
the fundamentally deflationary 

613
00:29:47,360 --> 00:29:50,800
forces in our civilization, 
we're pushing prices down. 

614
00:29:50,960 --> 00:29:54,280
But there's exponentially more 
liabilities within the system 

615
00:29:54,280 --> 00:29:57,880
and the dollar denominated value
of those assets has to continue 

616
00:29:57,880 --> 00:30:00,160
to increase. 
Otherwise everything goes 

617
00:30:00,160 --> 00:30:02,240
insolvent. 
People stop paying their bills. 

618
00:30:02,240 --> 00:30:05,520
Everybody's got negative equity.
It's that proverbial bust the, 

619
00:30:05,840 --> 00:30:09,240
the the mass BK right that 
requires all of these bailouts. 

620
00:30:09,640 --> 00:30:13,520
So they're going to continue to 
inject liquidity or dollars into

621
00:30:13,520 --> 00:30:16,200
the system to keep the asset 
prices going up. 

622
00:30:16,200 --> 00:30:19,400
The problem is, is that with 
fractional reserve banking, 

623
00:30:19,560 --> 00:30:22,600
they're going up too fast. 
And so people are going crazy 

624
00:30:22,600 --> 00:30:25,640
and everybody's figuring it out.
Life, life's greatest teacher is

625
00:30:25,640 --> 00:30:28,000
pain. 
So as people feel more economic 

626
00:30:28,000 --> 00:30:31,400
pain, the incentive to learn 
what is going on increases. 

627
00:30:31,800 --> 00:30:35,280
And as people figure that out 
and they watch the NGU tech take

628
00:30:35,280 --> 00:30:37,680
place on Bitcoin, it's 
continuing to bring more 

629
00:30:37,680 --> 00:30:40,360
awareness to Bitcoin. 
It's continuing to bring more 

630
00:30:40,360 --> 00:30:43,480
signal that's cutting through 
all of the nebulous bullshit and

631
00:30:43,480 --> 00:30:45,640
FUD. 
And it's driving people into the

632
00:30:45,640 --> 00:30:48,280
hardest money on planet Earth, 
the hardest, the hardest assets 

633
00:30:48,280 --> 00:30:51,000
ever exist. 
And so that incentive is going 

634
00:30:51,000 --> 00:30:53,120
to increase. 
It's going to push more people 

635
00:30:53,120 --> 00:30:55,680
into Bitcoin. 
As we look at countries like we 

636
00:30:55,680 --> 00:30:58,280
were all just in El Salvador, at
least you and I were Opti 

637
00:30:58,280 --> 00:31:01,640
amongst a bunch of other 
revolutionary people celebrating

638
00:31:01,840 --> 00:31:05,120
the having being in El Salvador 
is quite interesting. 

639
00:31:05,640 --> 00:31:08,480
It's the opposite vibe that we 
have here in the United States. 

640
00:31:08,800 --> 00:31:12,360
Everybody is excited. 
Their life is getting better. 

641
00:31:12,480 --> 00:31:15,560
What the government and the 
political regime there is 

642
00:31:15,560 --> 00:31:18,760
telling them makes sense. 
It's not this confusing, 

643
00:31:18,760 --> 00:31:23,080
nebulous, gaslighting, bullshit,
clown world distraction, divide 

644
00:31:23,080 --> 00:31:26,200
and conquer nonsense. 
It's just pure signal, hey, I'm 

645
00:31:26,240 --> 00:31:27,800
going to protect your property 
rights. 

646
00:31:27,920 --> 00:31:29,960
We're going to get rid of a 
bunch of these corrupt 

647
00:31:29,960 --> 00:31:31,920
politicians. 
I'm going to put all these 

648
00:31:31,920 --> 00:31:35,920
plundering, perpetrating gangs 
participating in their perpetual

649
00:31:35,920 --> 00:31:37,640
scumbagger. 
We're going to put them all in 

650
00:31:37,640 --> 00:31:40,640
in fucking prison here. 
And the people are enthralled 

651
00:31:40,800 --> 00:31:44,600
that the energy is so incredible
in El Salvador. 

652
00:31:44,720 --> 00:31:47,360
And I think that that's just 
this bright orange beacon to the

653
00:31:47,360 --> 00:31:50,120
rest of the world. 
People are waking up in addition

654
00:31:50,120 --> 00:31:51,760
to the economic pain that we're 
feeling. 

655
00:31:52,120 --> 00:31:55,000
You know, I don't know about you
guys, but I go and buy steak, I 

656
00:31:55,000 --> 00:31:57,720
buy the food, I buy the 
supplies, I buy gas, I buy the 

657
00:31:57,720 --> 00:32:00,040
things that I need to need to 
exist. 

658
00:32:00,320 --> 00:32:02,920
And the upward price 
appreciation denominated in 

659
00:32:02,920 --> 00:32:05,920
dollars in those things is a 
real, it's a real thing. 

660
00:32:06,080 --> 00:32:08,880
But if I measure the value of 
the world in Bitcoin, 

661
00:32:09,040 --> 00:32:10,720
everything's getting so much 
cheaper. 

662
00:32:10,960 --> 00:32:12,640
And that is going to drive 
people in. 

663
00:32:12,760 --> 00:32:15,840
I think that all of this fought 
on and confusion on the 

664
00:32:15,840 --> 00:32:17,880
mainstream media. 
It's, it's two things. 

665
00:32:17,880 --> 00:32:20,600
One, there's only one way to 
suppress the price and it's to 

666
00:32:20,600 --> 00:32:25,720
get Jamie Dimon to get on NBC or
CNBC and say, oh, Satashi is 

667
00:32:25,720 --> 00:32:28,480
going to double the money, 
double the Bitcoin supply in 

668
00:32:28,480 --> 00:32:31,440
2140. 
This motherfucker knows Bitcoin.

669
00:32:31,440 --> 00:32:35,400
He's the, she's the CEO of JP 
Morgan Chase who famously wakes 

670
00:32:35,400 --> 00:32:37,720
up every morning and reads, do 
you think he doesn't understand 

671
00:32:37,720 --> 00:32:39,440
Bitcoin? 
So I think they're, they're 

672
00:32:39,440 --> 00:32:41,040
suppressing the price through a 
bunch of FUD. 

673
00:32:41,040 --> 00:32:43,760
It's a mass SIOP. 
And I also think that it's just 

674
00:32:43,760 --> 00:32:46,080
this confusion over everybody's 
like, oh, what are we going to 

675
00:32:46,080 --> 00:32:47,280
do? 
What's the government going to 

676
00:32:47,280 --> 00:32:48,200
do? 
I'll tell you what they're going

677
00:32:48,200 --> 00:32:49,760
to do. 
They're going to continue to 

678
00:32:49,760 --> 00:32:52,600
print an enormous amount of 
money through monetary policy, 

679
00:32:52,600 --> 00:32:55,600
fractional reserve banking, 
through spending bills, through 

680
00:32:55,600 --> 00:32:58,440
grants, forgivable loans, all. 
We're going to loan your 

681
00:32:58,440 --> 00:33:00,040
business hundreds of thousands 
of dollars. 

682
00:33:00,040 --> 00:33:02,000
I got a friend, his mom owns a 
coffee shop. 

683
00:33:02,520 --> 00:33:06,520
In the COVID stimulus, she got 
like $550,000. 

684
00:33:06,520 --> 00:33:08,920
She has 12 employees. 
It's like, Oh yeah, you just 

685
00:33:08,920 --> 00:33:10,360
filed these forms, we'll forgive
you. 

686
00:33:10,600 --> 00:33:14,000
That's a creative way to inject 
more money into the economy so 

687
00:33:14,000 --> 00:33:16,200
that the asset prices continue 
to go up. 

688
00:33:16,440 --> 00:33:19,760
It has to happen, otherwise 
everything is going to go bust 

689
00:33:19,760 --> 00:33:21,440
and there's going to be mayhem 
on the streets. 

690
00:33:21,800 --> 00:33:26,120
And so Bitcoin is capturing that
economic energy at hyper rate, 

691
00:33:26,240 --> 00:33:28,840
which also is fascinating in 
some sense because it's ethical.

692
00:33:28,840 --> 00:33:31,360
As the Bitcoin price rips, it 
doesn't really cause any 

693
00:33:31,360 --> 00:33:33,320
problems for anybody. 
It's not a threat to anybody 

694
00:33:33,320 --> 00:33:34,920
except for maybe people who 
don't have it. 

695
00:33:35,600 --> 00:33:38,560
So yeah, I think it's a a 
phenomenal thing that's taking 

696
00:33:38,560 --> 00:33:40,320
place. 
I think there's a lot of 

697
00:33:40,880 --> 00:33:43,280
confusion based upon just the 
lack of understanding. 

698
00:33:43,280 --> 00:33:46,080
But as the as people's pain 
increases, it's going to bring 

699
00:33:46,080 --> 00:33:48,240
awareness to supply and demand 
dynamics. 

700
00:33:48,240 --> 00:33:52,200
Austrian, the theory of Austrian
economics, it's pure signal on a

701
00:33:52,200 --> 00:33:54,440
world, full bunch of noise. 
It's cutting through it all. 

702
00:33:56,960 --> 00:34:00,160
I, I can't have favoritism here.
I gotta give him some horns. 

703
00:34:00,160 --> 00:34:01,520
We're going heavy on the horns 
today. 

704
00:34:01,520 --> 00:34:05,400
But Eric, to clarify one of your
points, I think the actual 

705
00:34:05,400 --> 00:34:10,920
numbers were from 2020 to 2022, 
they printed 40% of all dollars 

706
00:34:10,920 --> 00:34:14,440
that ever existed. 
And the last stat I saw was 

707
00:34:14,639 --> 00:34:17,400
recently and I think it was this
last year. 

708
00:34:17,400 --> 00:34:20,080
And moving forward, they're 
printing a trillion dollars 

709
00:34:20,080 --> 00:34:23,320
every 100 days. 
Like if, if that math doesn't 

710
00:34:23,320 --> 00:34:26,199
scare you and you don't realize 
you are getting poorer every 

711
00:34:26,199 --> 00:34:29,480
hundred days by a significant 
amount, like I don't know what 

712
00:34:29,480 --> 00:34:30,840
will. 
And every time I go to the 

713
00:34:30,840 --> 00:34:33,719
grocery store, I'm like, man, 
these rib eyes are getting more 

714
00:34:33,719 --> 00:34:35,360
expensive. 
What's going on, at least in 

715
00:34:35,360 --> 00:34:37,280
dollar terms. 
Obviously in Fiat terms, 

716
00:34:37,280 --> 00:34:39,480
everything's getting cheaper. 
But you're like, man, it's 

717
00:34:39,480 --> 00:34:41,880
almost like the money's broken. 
What's actually going on out 

718
00:34:41,880 --> 00:34:43,320
here? 
And they're like, no, guys, 

719
00:34:43,320 --> 00:34:45,880
trust us, trust the experts. 
We can control what's going on 

720
00:34:45,880 --> 00:34:47,639
here. 
And you're like, I don't know, 

721
00:34:47,639 --> 00:34:49,719
it looks like it's completely 
out of control guys. 

722
00:34:49,719 --> 00:34:52,040
But hey, what do I know? 
I'm just a stupid big pointer 

723
00:34:52,040 --> 00:34:54,639
here. 
So man, absolutely incredible. 

724
00:34:54,760 --> 00:34:57,640
Adam, you want to chime in real 
quick before we get to dunking 

725
00:34:57,640 --> 00:35:01,320
on Jamie Dimon? 
Dude like, well, I can't wait to

726
00:35:01,320 --> 00:35:02,840
dunk. 
I I mean we. 

727
00:35:04,040 --> 00:35:05,800
Can dunk. 
Let's let's just start dunking. 

728
00:35:05,800 --> 00:35:06,560
Let's just start. 
Dunking. 

729
00:35:06,560 --> 00:35:08,600
Yeah, yeah, let's let's, let's 
just dive into dunking. 

730
00:35:12,720 --> 00:35:16,800
The Daily News. 
I want to give a shout out to 

731
00:35:16,800 --> 00:35:21,160
our sponsor Foundation Devices. 
It's self custody done right. 

732
00:35:21,200 --> 00:35:24,760
They built a premium grade 
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733
00:35:24,960 --> 00:35:27,840
right here in the US. 
It's fully open source and 

734
00:35:27,840 --> 00:35:30,480
verifiable. 
It's the most intuitive Bitcoin 

735
00:35:30,480 --> 00:35:34,400
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736
00:35:34,400 --> 00:35:37,240
phone, so you will know how to 
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737
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moment you pick it up. 
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738
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739
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Experience the Peace of Mind 
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740
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741
00:35:49,280 --> 00:35:53,320
Bitcoin Miami 2023, the passport
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742
00:35:53,320 --> 00:35:57,040
foundationdevices.com. 
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743
00:35:57,040 --> 00:36:00,960
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744
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craft premium grade materials. 
If you're thinking about getting

745
00:36:04,320 --> 00:36:06,920
your Bitcoin off exchange 
changes, this is the one for 

746
00:36:06,920 --> 00:36:09,000
you. 
Check out the passport link in 

747
00:36:09,000 --> 00:36:10,960
the show notes below to learn 
more. 

748
00:36:11,680 --> 00:36:13,720
Let's go boys and girls. 
Hit the QR code. 

749
00:36:13,720 --> 00:36:15,520
Wait, hit the QR code right 
there. 

750
00:36:15,680 --> 00:36:17,480
Get yourself a passport. 
It's absolutely beautiful. 

751
00:36:17,480 --> 00:36:20,720
I would show you mine, but I 
locked it away so it's nice and 

752
00:36:20,720 --> 00:36:23,560
safe, you know what I mean? 
You gotta do your thing. 

753
00:36:23,880 --> 00:36:27,080
Anyways, I want to read one 
comment in here 'cause I, I 

754
00:36:27,080 --> 00:36:30,960
think it's hilarious. 
Lars Larson goes, you can't get 

755
00:36:30,960 --> 00:36:32,720
poorer if you don't have any 
money. 

756
00:36:32,720 --> 00:36:35,840
This, this is what all the 
politicians and bankers are 

757
00:36:35,840 --> 00:36:37,040
saying. 
They're like, you're not getting

758
00:36:37,040 --> 00:36:39,720
poorer, guys. 
You don't have any money. 

759
00:36:39,720 --> 00:36:41,760
How can you get poorer if you're
literally broke already? 

760
00:36:41,760 --> 00:36:43,280
Absolutely love it. 
All right, guys. 

761
00:36:43,280 --> 00:36:47,400
So as you can see from today's 
title, Jamie Dimon comes out 

762
00:36:47,400 --> 00:36:48,640
again. 
I didn't, I couldn't, I didn't 

763
00:36:48,640 --> 00:36:52,560
even connect all of the Jamie 
Dimon's videos of him saying, 

764
00:36:52,560 --> 00:36:55,160
you know, Bitcoin for money 
launderers, it's a fraud, it's a

765
00:36:55,160 --> 00:36:57,840
Ponzi. 
You know, I, I didn't even get 

766
00:36:57,840 --> 00:37:01,000
the Jack Mahler's clip of him, 
'cause basically saying like, 

767
00:37:01,320 --> 00:37:04,960
oh, what, what do I care about 
Jeffrey Epstein's banker telling

768
00:37:04,960 --> 00:37:07,600
me that Bitcoins freaking for 
criminals like in money 

769
00:37:07,600 --> 00:37:10,360
launderers. 
Like I, I, I could have done all

770
00:37:10,360 --> 00:37:12,040
that, but we'd be here for way 
too long. 

771
00:37:12,040 --> 00:37:16,720
So I just wanted to start with 
the one that we just saw what 

772
00:37:16,720 --> 00:37:20,240
was this December 6th, 2023. 
So about four or five months ago

773
00:37:20,480 --> 00:37:24,560
where our favorite Karen in 
Washington, DC, Elizabeth 

774
00:37:24,600 --> 00:37:25,960
Warren. 
And do you guys see she's trying

775
00:37:25,960 --> 00:37:28,440
to like ban smartphone 
monopolies today? 

776
00:37:29,200 --> 00:37:31,080
They just love to complain. 
Anyway, it's totally different, 

777
00:37:31,080 --> 00:37:32,920
different talk. 
So we have Elizabeth Warren and 

778
00:37:32,920 --> 00:37:36,320
JP Morgan CEO Jamie Dimon both 
hate Bitcoin because it 

779
00:37:36,320 --> 00:37:38,360
undermines the regime's monopoly
on money. 

780
00:37:38,360 --> 00:37:40,000
And we're going to dive fully 
into that. 

781
00:37:40,240 --> 00:37:43,520
Eric and Adam touched on that in
the beginning, but I, I just 

782
00:37:43,520 --> 00:37:45,760
love this video here. 
When, when Elizabeth Warren and 

783
00:37:45,760 --> 00:37:49,080
Jamie Dimon agree on things, you
got to know something's wrong 

784
00:37:49,080 --> 00:37:52,160
considering Elizabeth Warren 
basically built her platform on 

785
00:37:52,160 --> 00:37:55,000
the Occupy Wall Street. 
She she built her platform to 

786
00:37:55,000 --> 00:37:58,800
fight the banks and that she's 
just giving literal softballs to

787
00:37:58,800 --> 00:38:01,800
Jamie Dimon. 
Let me just play the video and 

788
00:38:01,800 --> 00:38:04,040
then we'll catch the newest one 
and then we're going to dunk 

789
00:38:04,200 --> 00:38:07,640
super hard on Jamie Dimon. 
I've always been deeply opposed 

790
00:38:07,640 --> 00:38:11,040
to crypto Bitcoin, etcetera. 
You pointed out throwing a true 

791
00:38:11,040 --> 00:38:14,760
use case for it as criminals, 
drug traffickers, anti money 

792
00:38:14,760 --> 00:38:18,600
learning tax avoidance and that 
is a use case because it is 

793
00:38:18,600 --> 00:38:21,440
somewhat anonymous not fully and
because you can move money 

794
00:38:21,600 --> 00:38:24,520
instantaneously and because it 
doesn't go through as you 

795
00:38:24,520 --> 00:38:27,040
mentioned all these systems have
built up over many years. 

796
00:38:27,360 --> 00:38:31,200
Know your customer sanctions O 
FAC it's didn't get bypass all 

797
00:38:31,200 --> 00:38:33,760
of that I if I was the 
governments I'd close it down 

798
00:38:34,000 --> 00:38:35,440
OK, I've. 
Always been. 

799
00:38:36,120 --> 00:38:39,000
Well. 
The funny thing is, is. 

800
00:38:39,360 --> 00:38:41,480
Close it. 
Yeah, exactly. 

801
00:38:41,600 --> 00:38:45,600
Well, you know, The funny thing 
is, is like, you can't shut it 

802
00:38:45,600 --> 00:38:48,240
down, Jamie Dimon. 
Like, that's the beauty of this.

803
00:38:48,240 --> 00:38:51,120
And like, who asked you whether 
you can shut it down or not? 

804
00:38:51,120 --> 00:38:52,760
Like, of course Elizabeth Warren
asked him. 

805
00:38:52,760 --> 00:38:55,880
But again, he's been saying this
forever, jumping at him. 

806
00:38:56,120 --> 00:38:58,960
It's like, hey, yo, all these 
criminals, they're breathing a 

807
00:38:58,960 --> 00:39:01,520
lot of oxygen and I'm not happy 
about that. 

808
00:39:01,680 --> 00:39:04,040
And so we should just just erase
the oxygen? 

809
00:39:04,040 --> 00:39:05,640
That's it. 
No more oxygen. 

810
00:39:06,000 --> 00:39:09,400
The bad people are using it to 
breathe and live and we should 

811
00:39:09,400 --> 00:39:11,840
just cut it right off. close the
oxygen please. 

812
00:39:11,880 --> 00:39:15,040
It's like, what an idiot. 
Yeah, and and really, while you 

813
00:39:15,040 --> 00:39:18,000
were saying that, really 
reminded me of like the initial 

814
00:39:18,720 --> 00:39:22,240
release of the Internet. 
They literally used the same low

815
00:39:22,240 --> 00:39:24,480
hanging excuses to stop the 
Internet. 

816
00:39:24,680 --> 00:39:26,800
And look where we are now. 
No one's gonna stop the 

817
00:39:26,800 --> 00:39:28,240
Internet. 
We're not going back to a world 

818
00:39:28,240 --> 00:39:30,120
without the Internet. 
And you can say the same thing 

819
00:39:30,120 --> 00:39:32,840
about Bitcoin. 
Bitcoin is literally steroids on

820
00:39:32,840 --> 00:39:34,920
the Internet. 
Dude, it's, it's proof of stake 

821
00:39:34,920 --> 00:39:36,720
mindset. 
It's, it's when you've been in 

822
00:39:36,720 --> 00:39:40,840
control for so long, you just 
don't actually have the ability 

823
00:39:40,840 --> 00:39:43,920
to conceive that you're no 
longer in control. 

824
00:39:44,160 --> 00:39:48,720
It's like it's, it's, it's 
fascinating to watch these Fiat 

825
00:39:48,720 --> 00:39:53,040
maximalists try to prevent what 
is right for the most people 

826
00:39:53,040 --> 00:39:55,160
because they know there's pain 
for them. 

827
00:39:55,160 --> 00:39:59,480
They know it's going to hurt 
them and their bloodlines and 

828
00:39:59,480 --> 00:40:01,240
they can't get on board. 
It's like just. 

829
00:40:02,160 --> 00:40:04,800
That and I'm glad you brought 
that up I'm glad you brought it 

830
00:40:04,800 --> 00:40:07,520
up before I play the new recent 
clip where he's basically saying

831
00:40:07,520 --> 00:40:11,080
the same thing I'm really glad 
you brought that up because when

832
00:40:11,080 --> 00:40:14,560
a new technology comes in when 
there's a new iteration and and 

833
00:40:14,560 --> 00:40:17,160
there's a change in the system 
the people that are controlling 

834
00:40:17,160 --> 00:40:20,360
the system, they will fight 
tooth and nail every way 

835
00:40:20,360 --> 00:40:23,840
possible to maintain their 
position and that's what we're 

836
00:40:23,840 --> 00:40:26,440
seeing right now and that's why 
Jamie Dimon is so afraid of 

837
00:40:26,440 --> 00:40:28,200
Bitcoin. 
That's why Elizabeth Warren is 

838
00:40:28,200 --> 00:40:29,680
playing cover for the banks as 
well. 

839
00:40:29,880 --> 00:40:32,520
That's why all the central 
bankers out there are so afraid 

840
00:40:32,520 --> 00:40:36,120
of Bitcoin. 
I was naive for a while where I 

841
00:40:36,120 --> 00:40:39,000
was very, you know, arrogant in 
my Bitcoin takes up like, no, 

842
00:40:39,000 --> 00:40:40,280
they just don't understand it, 
man. 

843
00:40:40,280 --> 00:40:41,600
Like they don't understand the 
blockchain. 

844
00:40:41,600 --> 00:40:43,080
They don't understand the 
technicalities. 

845
00:40:43,080 --> 00:40:44,680
Like they, they don't really 
know what's going on. 

846
00:40:44,800 --> 00:40:48,080
It's like, no, they fully 
understand one thing and it's 

847
00:40:48,080 --> 00:40:51,120
that Bitcoin will destroy their 
power over money. 

848
00:40:51,120 --> 00:40:53,680
And This is why they act so 
stupid on the television. 

849
00:40:53,880 --> 00:40:56,320
This is why they call you a 
money launderer, financial 

850
00:40:56,320 --> 00:40:59,520
terrorist, super shadowy super 
coder, and all the other they're

851
00:40:59,520 --> 00:41:01,720
crazy stuff. 
They call you a money launderer 

852
00:41:01,720 --> 00:41:04,840
when he's literally the one 
money laundering, like the 

853
00:41:04,840 --> 00:41:07,680
projection is out of control. 
Anyways, let's watch. 

854
00:41:07,760 --> 00:41:10,920
Let's watch the recent clip. 
It's the same thing, but you 

855
00:41:10,920 --> 00:41:12,360
just love that he's doubling 
down. 

856
00:41:12,360 --> 00:41:14,880
And I just got to bring on some 
receipts about the billionaire 

857
00:41:14,880 --> 00:41:16,840
FUD playbook that we always see 
happen. 

858
00:41:16,840 --> 00:41:21,440
And you can't make this stuff 
up, but until you see it, you're

859
00:41:21,440 --> 00:41:24,080
not going to see it. 
So This is why we keep dunking 

860
00:41:24,080 --> 00:41:28,880
on these people. 
Crypto, if you mean crypto like 

861
00:41:28,880 --> 00:41:32,960
Bitcoin, I've always said it's a
fraud, so no hope for it. 

862
00:41:33,000 --> 00:41:35,560
Well, if it's if they think 
they're a currency, there's no 

863
00:41:35,560 --> 00:41:37,400
hope for it. 
It's a Ponzi scheme. 

864
00:41:37,400 --> 00:41:38,960
It's a public decentralized 
market. 

865
00:41:39,520 --> 00:41:42,360
Crypto. 
Oh man, Ponzi for the people. 

866
00:41:42,400 --> 00:41:45,400
Shouts out to Bitcoin. 
All right, and I'm gonna I'm 

867
00:41:45,400 --> 00:41:47,880
gonna really go hard on the 
whole Ponzi idea in a minute, 

868
00:41:48,080 --> 00:41:50,080
but I want to bring up some 
receipts guys. 

869
00:41:50,080 --> 00:41:54,280
And this is just the old article
about basically JP Morgan being 

870
00:41:54,280 --> 00:41:57,120
the authorized participant for 
the BlackRock ETF. 

871
00:41:57,320 --> 00:41:59,360
So on the one hand, he's coming 
out, he's like, I've been 

872
00:41:59,360 --> 00:42:01,160
calling Bitcoin fraud forever, 
man. 

873
00:42:01,160 --> 00:42:04,320
Like it's a Ponzi scheme, bro. 
Like you don't want to own this 

874
00:42:04,320 --> 00:42:06,280
Bitcoin thing. 
And then on the back end he's 

875
00:42:06,280 --> 00:42:08,800
like, yeah, you know, like if 
you dumb people want to buy 

876
00:42:08,800 --> 00:42:11,320
Bitcoin, like I'm gonna, I'm 
gonna get rich off of it. 

877
00:42:11,320 --> 00:42:14,040
So don't listen to what they say
guys. 

878
00:42:14,040 --> 00:42:16,960
Watch what they do. 
And just for people that don't 

879
00:42:16,960 --> 00:42:18,480
know, you know, I'm over here on
Investopedia. 

880
00:42:18,480 --> 00:42:20,120
What is an authorized 
participant? 

881
00:42:20,400 --> 00:42:23,000
An authorized participant is an 
organization that has the right 

882
00:42:23,000 --> 00:42:25,520
to create and redeem shares of 
an exchange traded fund, the 

883
00:42:25,520 --> 00:42:27,440
ETF. 
They provided a large portion of

884
00:42:27,440 --> 00:42:31,160
the liquidity in the ETF market 
by obtaining the underlying 

885
00:42:31,160 --> 00:42:34,080
assets required to create the 
shares of an ETF. 

886
00:42:34,520 --> 00:42:39,000
Again, he's literally holding 
Bitcoin to be the authorized 

887
00:42:39,000 --> 00:42:42,520
participant for the BlackRock 
ETF and yet he comes out on 

888
00:42:42,520 --> 00:42:45,480
television and straight up lies 
to the people out there that he 

889
00:42:45,480 --> 00:42:48,080
hates Bitcoin. 
It's a fraud, it's a Ponzi. 

890
00:42:48,240 --> 00:42:50,560
It's like, man, which one is it 
bro? 

891
00:42:50,680 --> 00:42:53,160
This is why I tell you all the 
time, the billionaire flood 

892
00:42:53,160 --> 00:42:56,800
playbook is the same thing that 
you, once you see this happen, 

893
00:42:57,280 --> 00:42:59,760
you understand what they do. 
They come out, they say they 

894
00:42:59,760 --> 00:43:01,920
hate Bitcoin for frauds, for 
money launderers. 

895
00:43:01,920 --> 00:43:04,040
It's for criminals, it's for 
financial tariffs, whatever they

896
00:43:04,040 --> 00:43:07,960
wanna paint us at. 
And they try to manipulate the 

897
00:43:07,960 --> 00:43:09,560
price. 
They try to suppress the price. 

898
00:43:09,680 --> 00:43:12,760
They get Bitcoin at a good price
that they want. 

899
00:43:12,920 --> 00:43:15,960
They stack their bags and then 
once their bags are packed, 

900
00:43:16,480 --> 00:43:18,840
they're like, oh, yeah, bro. 
Like, you know, I love Bitcoin. 

901
00:43:18,840 --> 00:43:20,560
I always saw Larry Fink do the 
same thing. 

902
00:43:20,560 --> 00:43:23,320
And like, Jamie Dimon is just 
continuing to do the same 

903
00:43:23,320 --> 00:43:25,360
playbook. 
He's trying to pack his bags. 

904
00:43:25,360 --> 00:43:28,520
He understands what's going to 
happen when we finally get the 

905
00:43:28,520 --> 00:43:29,920
next leg up in this bull 
running. 

906
00:43:29,920 --> 00:43:32,960
Things get crazy. 
And of course, I told you I was 

907
00:43:32,960 --> 00:43:35,040
going to. 
I was going to touch on the idea

908
00:43:35,040 --> 00:43:38,080
that Bitcoin is a Ponzi. 
Well, I don't know. 

909
00:43:38,080 --> 00:43:40,600
We kind of touched on it 
earlier, but I think the real 

910
00:43:40,600 --> 00:43:43,400
Ponzi is the dollar. 
It's literally backed by thin 

911
00:43:43,400 --> 00:43:45,440
air. 
It's literally debt that the 

912
00:43:45,440 --> 00:43:49,680
cantion inside profit off of. 
They can print money out of thin

913
00:43:49,680 --> 00:43:52,920
air to acquire assets. 
We get left holding the bag and 

914
00:43:52,920 --> 00:43:54,080
this one. 
This is outdated. 

915
00:43:54,080 --> 00:43:57,520
I couldn't find the 2024 version
but just a visual picture here. 

916
00:43:57,520 --> 00:44:00,320
The dollars worth the purchasing
power of the dollar has been 

917
00:44:00,320 --> 00:44:04,000
decimated since 1913 and it's 
gone even down as we were 

918
00:44:04,000 --> 00:44:09,120
telling you earlier, they 
printed roughly about 50% of all

919
00:44:09,120 --> 00:44:14,920
dollars in existence that ever 
been existed in 2020 to 2022 and

920
00:44:14,920 --> 00:44:16,880
beyond. 
So I would say that our 

921
00:44:16,880 --> 00:44:19,680
purchasing power is probably at 
like, I don't know, $0.50 Now 

922
00:44:19,960 --> 00:44:22,880
who who knows? 
We you'll never know because all

923
00:44:23,120 --> 00:44:26,840
of the data is faked and no one 
has any idea. 

924
00:44:26,840 --> 00:44:29,880
But even according to their 
official data, it's going 

925
00:44:29,880 --> 00:44:32,560
absolutely parabolic. 
Guys, this is the Saint Louis 

926
00:44:32,560 --> 00:44:35,920
friend own charts of the M2 
money supply. 

927
00:44:35,920 --> 00:44:37,880
Here's 20, 20. 
You can literally see the jump 

928
00:44:37,880 --> 00:44:43,160
here from 15 to 21. 
And I think this is continuing 

929
00:44:43,160 --> 00:44:45,720
to go up even though they're 
manipulating the numbers and CPI

930
00:44:45,720 --> 00:44:47,400
is going down, bro. 
Like, trust us, bro. 

931
00:44:47,400 --> 00:44:51,280
Everything's good, bro. 
But I love the US debt clock, 

932
00:44:51,600 --> 00:44:54,440
and I think this really drives a
point home. 

933
00:44:55,040 --> 00:44:56,960
We're almost at $35 trillion, 
guys. 

934
00:44:56,960 --> 00:45:01,000
This is literally unpayable. 
Like by definition, there's no 

935
00:45:01,000 --> 00:45:04,120
way we can pay this debt back. 
And even by their own 

936
00:45:04,120 --> 00:45:07,240
calculations, the US federal tax
revenue, they're only bringing 

937
00:45:07,240 --> 00:45:12,080
in $4.7 trillion of actual theft
from you guys. 

938
00:45:12,080 --> 00:45:14,760
So which one's the real Ponzi, 
guys? 

939
00:45:14,760 --> 00:45:16,880
Is it the dollar or is it 
Bitcoin? 

940
00:45:16,880 --> 00:45:20,400
Is Bitcoin the Ponzi for the 
people and the dollar is Ponzi 

941
00:45:20,400 --> 00:45:24,360
for the Fiat cantillion Insiders
like what is going on here? 

942
00:45:24,480 --> 00:45:26,880
And on that note, let me full 
screen myself real quick. 

943
00:45:27,360 --> 00:45:30,800
If you are listening to these 
people, the very people that are

944
00:45:30,800 --> 00:45:33,240
the problem, the very people 
that are controlling and 

945
00:45:33,240 --> 00:45:37,640
manipulating the money supply, 
you are not going to make it 

946
00:45:37,640 --> 00:45:41,080
like you need to unplug from all
legacy media. 

947
00:45:41,120 --> 00:45:44,080
You literally have to laugh at 
the official numbers because 

948
00:45:44,080 --> 00:45:47,080
they are all faked. 
I keep on getting reminded of 

949
00:45:47,080 --> 00:45:49,600
when Balaji came out a couple 
months ago talking about the 

950
00:45:49,600 --> 00:45:53,040
USSR and how they used to fake 
the factory numbers and then 

951
00:45:53,040 --> 00:45:56,520
eventually everything they were 
producing just fell apart. 

952
00:45:56,720 --> 00:46:01,440
Well, we are in that position in
the USSA. 

953
00:46:01,640 --> 00:46:04,400
Except for they're not faking 
the factory numbers here, 

954
00:46:04,400 --> 00:46:06,200
they're faking all the financial
numbers. 

955
00:46:06,200 --> 00:46:09,680
Hence why if you listen to any 
of the official data out there, 

956
00:46:10,400 --> 00:46:12,880
you're lost in the sauce. 
You're completely detached from 

957
00:46:12,880 --> 00:46:14,640
reality. 
Your life is going to get 

958
00:46:14,640 --> 00:46:16,080
harder, you're going to get 
poorer. 

959
00:46:16,280 --> 00:46:19,720
So you need to stack SATS. 
Get off 0, continue to stack 

960
00:46:19,720 --> 00:46:21,800
SATS, continue to take Bitcoin 
into custody. 

961
00:46:22,000 --> 00:46:26,720
This is how you win, go forth 
and prosper by saving in Bitcoin

962
00:46:27,000 --> 00:46:29,880
and it's a man life's so much 
better than you can just laugh 

963
00:46:29,880 --> 00:46:31,800
at Jamie Dimon and his friends 
out there. 

964
00:46:31,800 --> 00:46:34,440
And this is what we do here. 
Anyways, I'm going to start with

965
00:46:34,480 --> 00:46:37,320
Eric 1st and then we'll we'll 
wrap it up with Adam. 

966
00:46:38,800 --> 00:46:41,240
All right, wow, let's see if I 
can unpack this here. 

967
00:46:41,240 --> 00:46:43,280
I got a lot of thoughts. 
I'll try to distill them down to

968
00:46:43,280 --> 00:46:47,280
the most important things here. 
So First off, I have a friend 

969
00:46:47,280 --> 00:46:50,480
who always tells me that I give 
too much credit to the people 

970
00:46:50,480 --> 00:46:52,880
who are running the show. 
He's like, these guys are 

971
00:46:52,880 --> 00:46:54,720
idiots. 
I like to think that these 

972
00:46:54,720 --> 00:46:56,560
people are intelligent and they 
know what they're doing. 

973
00:46:56,760 --> 00:47:01,240
So from that perspective, Jamie 
Dimon is the CEO of a bank. 

974
00:47:01,480 --> 00:47:04,200
He's not an absolute buffoon. 
He has to be somewhat 

975
00:47:04,200 --> 00:47:06,160
intelligent to get into that 
position. 

976
00:47:06,640 --> 00:47:11,600
And so TikTok next block, right?
The only way to suppress the 

977
00:47:11,600 --> 00:47:15,200
Bitcoin price, it's not by 
issuing more Bitcoin. 

978
00:47:15,200 --> 00:47:19,320
It's not by, I don't know, 
splitting it or whatever, right?

979
00:47:19,320 --> 00:47:21,400
There's only one way to do it, 
and that's to create confusion 

980
00:47:21,400 --> 00:47:25,240
within the marketplace to deter 
your everyday individual from 

981
00:47:25,240 --> 00:47:28,280
purchasing it. 
And we're indoctrinated in what 

982
00:47:28,280 --> 00:47:30,640
I like to call government 
indoctrination camps. 

983
00:47:30,640 --> 00:47:35,120
Most people call them schools. 
We're told to believe, told, 

984
00:47:35,120 --> 00:47:37,280
we're told to believe the 
government and what these 

985
00:47:37,280 --> 00:47:40,880
important officials say. 
And so I think it's a it's a big

986
00:47:40,880 --> 00:47:43,600
distraction so that they can 
figure out how to develop a 

987
00:47:43,600 --> 00:47:46,160
position. 
You know, it's game theoretic. 

988
00:47:46,160 --> 00:47:49,360
We all, all of us Bitcoiners 
understand the game theory 

989
00:47:49,360 --> 00:47:51,480
behind this. 
You need to adopt this 

990
00:47:51,480 --> 00:47:54,240
technology or you have an 
existential crisis, right? 

991
00:47:54,680 --> 00:47:58,360
And so it's like, you know, what
comes to mind is, is some 

992
00:47:58,360 --> 00:48:01,040
blacksmith a long time ago. 
I'll botch the details, but 

993
00:48:01,040 --> 00:48:03,600
you'll get the point. 
He takes it, takes a bunch of 

994
00:48:03,600 --> 00:48:08,000
iron and makes a tube and puts a
ball in it with some gunpowder 

995
00:48:08,000 --> 00:48:11,320
and creates a cannon. 
He goes to the Ottoman Empire, 

996
00:48:11,320 --> 00:48:12,960
to the emperor, and he's like, 
hey, check it out. 

997
00:48:12,960 --> 00:48:14,640
I got this new technology, 
right? 

998
00:48:14,640 --> 00:48:17,200
You really want some of this? 
It's a kinetic power projection 

999
00:48:17,200 --> 00:48:21,080
device that's really going to 
help you defend yourself in this

1000
00:48:21,760 --> 00:48:23,920
this world of warring nations, 
right? 

1001
00:48:24,200 --> 00:48:25,920
The emperor says, no, you know 
what? 

1002
00:48:25,920 --> 00:48:28,040
I got the biggest, baddest 
castle ever. 

1003
00:48:28,040 --> 00:48:29,280
I got it. 
Look at my walls. 

1004
00:48:29,280 --> 00:48:30,880
You can get fucked. 
You want too much. 

1005
00:48:30,880 --> 00:48:33,520
I want none of your capitalistic
entrepreneurial ways. 

1006
00:48:33,520 --> 00:48:35,280
You could take your technology 
somewhere else. 

1007
00:48:35,280 --> 00:48:37,040
I want none of it right? 
What does he do? 

1008
00:48:37,040 --> 00:48:39,920
He goes to a neighbor warring 
nation of some sort, some 

1009
00:48:39,920 --> 00:48:42,800
Sultan. 
A year later this motherfuckers 

1010
00:48:42,960 --> 00:48:45,080
castle is getting blown to 
smithereens. 

1011
00:48:45,320 --> 00:48:49,040
And so I personally believe that
Jamie Dimon, he fully 

1012
00:48:49,040 --> 00:48:50,560
understands what he's grappling 
with. 

1013
00:48:50,960 --> 00:48:53,440
He fully gets it. 
And so if you're buying into the

1014
00:48:53,440 --> 00:48:56,680
FUD and you're buying more 
dollar derivatives because 

1015
00:48:56,680 --> 00:49:00,360
you're listening to the bank, 
the CEO of JP Morgan Chase, who 

1016
00:49:00,360 --> 00:49:03,360
also by the way, doesn't he get 
fined like every couple years 

1017
00:49:03,360 --> 00:49:07,040
for spoofing the silver mark? 
Like so if you're believing this

1018
00:49:07,040 --> 00:49:10,400
guy like I have AII would 
suggest that you wake the fuck 

1019
00:49:10,400 --> 00:49:12,640
up, right? 
And so on that note also, I'll 

1020
00:49:12,640 --> 00:49:16,280
just throw this in there since 
we're going silver and my humble

1021
00:49:16,280 --> 00:49:18,720
opinion is an absolutely 
terrible investment. 

1022
00:49:18,720 --> 00:49:20,400
It's a terrible monetary 
instrument. 

1023
00:49:20,400 --> 00:49:23,720
The idea makes sense. 
But here's the problem. 

1024
00:49:23,720 --> 00:49:25,760
Once again, I'm a commodity 
producer. 

1025
00:49:26,120 --> 00:49:29,960
As the price goes up, the 
incentive to dump more on the 

1026
00:49:29,960 --> 00:49:33,240
market goes up. 
So if we have a price pump and 

1027
00:49:33,240 --> 00:49:36,800
silver and it goes to $4040 an 
ounce or something, you're going

1028
00:49:36,800 --> 00:49:40,560
to make a bunch of unprofitable 
miners profitable and they're 

1029
00:49:40,560 --> 00:49:43,200
going to go rip up the forest 
floor and dump more on the 

1030
00:49:43,200 --> 00:49:45,080
market. 
That and there's no way to to 

1031
00:49:45,080 --> 00:49:49,000
know how much silver there is. 
It's an unauditable supply. 

1032
00:49:49,200 --> 00:49:51,080
Terrible investment. 
Absolutely a terrible 

1033
00:49:51,080 --> 00:49:53,040
investment. 
I used to buy gold and silver 

1034
00:49:53,160 --> 00:49:56,320
before I had the epiphany, mind 
blowing understanding that 

1035
00:49:56,320 --> 00:49:57,680
Bitcoin is the hardest 
substance. 

1036
00:49:57,680 --> 00:49:59,800
Sailor says this hardest 
substance in the known 

1037
00:49:59,800 --> 00:50:04,520
motherfucking universe, right? 
And so, yeah, JP Morgan Chase, 

1038
00:50:05,120 --> 00:50:06,960
you know, Jamie Dimon, he's full
of shit. 

1039
00:50:06,960 --> 00:50:08,760
He's lying. 
He's doing it intentionally. 

1040
00:50:08,760 --> 00:50:10,760
He's not a dummy. 
He's the CEO. 

1041
00:50:10,880 --> 00:50:13,920
He didn't just wake up yesterday
and get hit in the head and 

1042
00:50:13,920 --> 00:50:15,960
forget how to become a 
successful individually. 

1043
00:50:15,960 --> 00:50:19,040
He climbed the ladder. 
He does what he needs to do to 

1044
00:50:19,040 --> 00:50:20,960
win at the game, right? 
This guy's a winner. 

1045
00:50:21,000 --> 00:50:24,000
JP Morgan Chase, they've been 
winning in the Fiat paradigm. 

1046
00:50:24,120 --> 00:50:26,880
The strategy has now changed 
because there's a new monetary 

1047
00:50:26,880 --> 00:50:29,200
instrument within the 
marketplace and they want to 

1048
00:50:29,200 --> 00:50:32,360
develop a position. 
And if they came out, if he came

1049
00:50:32,360 --> 00:50:34,280
out a couple years ago, so, and 
it's like, yeah, this is a super

1050
00:50:34,280 --> 00:50:37,720
fascinating thing as as the 
demand increases, the supply 

1051
00:50:37,720 --> 00:50:39,480
doesn't change. 
That's a big deal. 

1052
00:50:39,480 --> 00:50:41,800
As a matter of fact, we've been 
spoofing the silver market 

1053
00:50:41,800 --> 00:50:44,960
because we like the supply and 
dot supply and demand dynamics 

1054
00:50:44,960 --> 00:50:47,600
around silver. 
The price would rip if Gary 

1055
00:50:47,600 --> 00:50:49,880
Gensler came out, which we all 
know what he believes. 

1056
00:50:49,880 --> 00:50:51,640
And it's like, look, all these 
other shit coins are 

1057
00:50:51,640 --> 00:50:53,800
unregistered securities and 
we're going to sue them all. 

1058
00:50:53,800 --> 00:50:55,960
And the United States government
is really slow. 

1059
00:50:56,120 --> 00:50:58,000
And I don't give a fuck if it 
takes us 100 years. 

1060
00:50:58,000 --> 00:51:00,880
We're shutting them all down. 
You know what happens is a bunch

1061
00:51:00,880 --> 00:51:03,680
of plebs sell their dog coins 
and they move into Bitcoin and 

1062
00:51:03,680 --> 00:51:05,960
the price is going to be fucking
$1,000,000 a coin. 

1063
00:51:06,240 --> 00:51:10,600
And Jamie Dimon and all his, I 
don't know, unethical scumbag 

1064
00:51:10,600 --> 00:51:13,760
homies are going to have to buy 
$1,000,000 Bitcoin instead of 

1065
00:51:13,760 --> 00:51:16,800
$70,000 Bitcoin. 
So if you can't see through 

1066
00:51:16,800 --> 00:51:19,360
that, I advise you wake up, Pay 
attention. 

1067
00:51:19,440 --> 00:51:21,000
These people have a history of 
lying. 

1068
00:51:21,120 --> 00:51:23,720
It's a, it's, it's game theory. 
It's the oldest trick in the 

1069
00:51:23,720 --> 00:51:26,040
book. 
Yeah, that's what I think. 

1070
00:51:26,120 --> 00:51:27,080
Man, love it. 
Love it. 

1071
00:51:27,160 --> 00:51:34,040
Dude, I knew today. 
Oh, oh, yo, I knew today was 

1072
00:51:34,040 --> 00:51:36,640
going to be a rip of a show. 
All right, guys, before I pass 

1073
00:51:36,640 --> 00:51:40,320
this over to Adam, we have 1200 
people watching right now. 

1074
00:51:40,480 --> 00:51:42,520
Smash the like button. 
If you think we're going to rip 

1075
00:51:42,520 --> 00:51:45,720
it even harder in the last, 
what, 30 minutes of this show? 

1076
00:51:45,720 --> 00:51:48,040
Smash the like button, share all
this stuff, But I do want to 

1077
00:51:48,040 --> 00:51:50,320
read a comment. 
Shouts out the golden ego. 

1078
00:51:50,320 --> 00:51:53,880
You gave us a $50 super chat. 
Absolute legend. 

1079
00:51:54,080 --> 00:51:56,800
Really appreciate it. 
You know Super chat $50.00, the 

1080
00:51:56,800 --> 00:52:01,480
old legacy finance people are at
it again when BTC or with BTC. 

1081
00:52:01,680 --> 00:52:04,280
Is Jamie Dimon having an OK 
boomer moment? 

1082
00:52:04,440 --> 00:52:06,720
No, he is just straight up 
lying. 

1083
00:52:06,720 --> 00:52:08,640
He's straight up lying at this 
point. 

1084
00:52:08,800 --> 00:52:10,800
All right, Adam, what's your 
thoughts on all this stuff? 

1085
00:52:10,800 --> 00:52:13,080
I know there's a lot to unpack, 
but rip it. 

1086
00:52:13,080 --> 00:52:14,560
Which angle do you want to take 
this? 

1087
00:52:14,680 --> 00:52:18,200
Yo, they're getting lazy. 
They're just they, they just 

1088
00:52:18,240 --> 00:52:21,280
disrespect you with those kind 
of takes. 

1089
00:52:21,280 --> 00:52:24,800
It's it's, it's a very proof of 
stake mindset. 

1090
00:52:24,800 --> 00:52:27,560
And honestly, I think it goes 
much, much deeper than the 

1091
00:52:27,560 --> 00:52:29,920
dollar. 
They want to control. 

1092
00:52:29,920 --> 00:52:34,200
They want us to be in a state in
a position where we have to 

1093
00:52:34,200 --> 00:52:37,760
listen to them because they are 
the experts, because they are 

1094
00:52:37,760 --> 00:52:41,080
the ones that have made you rich
in the past. 

1095
00:52:41,480 --> 00:52:45,600
The problem with Bitcoin is that
everything loses its value 

1096
00:52:45,720 --> 00:52:48,960
against Bitcoin, right? 
We all say Bitcoins going up, 

1097
00:52:49,160 --> 00:52:52,720
but like I said, it's Bitcoin or
it's dollars and everything else

1098
00:52:52,720 --> 00:52:56,720
going down against Bitcoin. 
What's the point of the bank if 

1099
00:52:56,720 --> 00:52:59,680
you can just hold Bitcoin in 
self custody and stay wealthy? 

1100
00:53:00,280 --> 00:53:03,880
There's just there's a 
catastrophic end coming to their

1101
00:53:03,880 --> 00:53:06,480
reign. 
Eric said it as kings, as fake 

1102
00:53:06,480 --> 00:53:08,600
kings. 
And they know it's coming. 

1103
00:53:08,600 --> 00:53:10,320
And so they're doing everything 
that they can. 

1104
00:53:10,480 --> 00:53:12,800
They're like a little kid in a 
grocery store. 

1105
00:53:12,880 --> 00:53:15,080
Like I've got 4 kids. 
I know what this is like when 

1106
00:53:15,080 --> 00:53:16,920
they want something and you're 
like, lower your time 

1107
00:53:16,920 --> 00:53:18,520
preference, son. 
No. 

1108
00:53:18,680 --> 00:53:22,200
And it's like clawing and 
grabbing at the ceiling. 

1109
00:53:22,200 --> 00:53:25,440
You know, you're carrying them 
out by their by their torso and 

1110
00:53:25,440 --> 00:53:28,520
they're just like having a an 
emotional child moment. 

1111
00:53:29,160 --> 00:53:31,640
This is the Fiat industry that 
we are currently in. 

1112
00:53:31,640 --> 00:53:34,360
This is the point that we are 
currently in, you know, the 

1113
00:53:34,360 --> 00:53:38,520
stages of of grief, the stages 
of denial that that that they 

1114
00:53:38,520 --> 00:53:41,160
are currently seeing is just out
of hand. 

1115
00:53:41,160 --> 00:53:43,320
And I don't think it's going to 
get better. 

1116
00:53:43,320 --> 00:53:44,760
They're going to continue to 
lie. 

1117
00:53:45,040 --> 00:53:48,800
The fact that they can so 
arrogantly, like if I went into 

1118
00:53:48,920 --> 00:53:52,320
the land of the Bitcoiners and I
said, hey, just so you guys 

1119
00:53:52,320 --> 00:53:56,600
know, you know, Bitcoin supply 
is not capped, I'd be ripped 

1120
00:53:56,600 --> 00:54:00,160
apart because everybody's aware,
everybody's awake, everybody's 

1121
00:54:00,160 --> 00:54:02,720
educated, everybody's audited 
the code or at least trust 

1122
00:54:02,720 --> 00:54:04,720
someone that has audited the 
code. 

1123
00:54:05,000 --> 00:54:08,200
And we know that's wrong. 
This guy has had so much 

1124
00:54:08,200 --> 00:54:11,320
control, so much power. 
He's had the ability to lie to 

1125
00:54:11,320 --> 00:54:14,880
us for decades and he gets away 
with it. 

1126
00:54:14,880 --> 00:54:17,640
He keeps printing himself or 
he's friends with the guys. 

1127
00:54:17,640 --> 00:54:21,880
His buddies in in in parliament 
print themselves to have these 

1128
00:54:22,000 --> 00:54:24,640
self fulfilling prophecies, 
these lies that he's been able 

1129
00:54:24,640 --> 00:54:26,800
to tell. 
And you can't do that with 

1130
00:54:26,800 --> 00:54:29,200
Bitcoin. 
Bitcoin exposes the lie. 

1131
00:54:29,200 --> 00:54:32,560
Bitcoin exposes the Fiat mind 
virus. 

1132
00:54:32,560 --> 00:54:35,400
Bitcoin exposes the way that 
these people have been able to 

1133
00:54:35,400 --> 00:54:40,120
treat us for centuries. 
And finally, finally, you're 

1134
00:54:40,120 --> 00:54:44,160
going to get rid of this lying, 
the incentive to lie, the, the 

1135
00:54:44,160 --> 00:54:46,360
incentive to to fight each 
other. 

1136
00:54:46,360 --> 00:54:48,760
Because under a Bitcoin 
standard, there's no more 

1137
00:54:48,760 --> 00:54:51,600
fighting, there's no more war, 
there's no more you in 

1138
00:54:51,600 --> 00:54:54,640
competition with your neighbor 
in the unhealthy way. 

1139
00:54:54,640 --> 00:54:56,480
There's just friendly 
competition. 

1140
00:54:56,480 --> 00:54:59,640
There's competition like when I 
want to be a better host than 

1141
00:54:59,640 --> 00:55:03,040
Opti, all I got to do is show up
and work hard. 

1142
00:55:03,280 --> 00:55:07,440
And Opti has to show up and work
hard and everybody else just 

1143
00:55:07,440 --> 00:55:09,160
gets a better product at the end
of it. 

1144
00:55:09,160 --> 00:55:11,120
But that's friendly. 
Opti and I are still going to 

1145
00:55:11,120 --> 00:55:14,520
DAP it up and be like, that was 
busting stray gas blessing. 

1146
00:55:14,520 --> 00:55:18,280
No cap, no cap. 
We know what's happening. 

1147
00:55:18,480 --> 00:55:23,160
But when you insert this third 
party, when you insert this, 

1148
00:55:23,160 --> 00:55:27,960
this manipulative environment, 
then Opti and I get into cheater

1149
00:55:27,960 --> 00:55:30,000
mode. 
We get into fight barbarian 

1150
00:55:30,000 --> 00:55:31,320
mode. 
Not in the good way. 

1151
00:55:31,480 --> 00:55:34,000
I start taking his knees out. 
I take low blows. 

1152
00:55:34,160 --> 00:55:35,760
He's incentivized to do the 
same. 

1153
00:55:35,760 --> 00:55:37,680
Because we're no longer in a 
free market. 

1154
00:55:37,680 --> 00:55:41,560
We're no longer in a market that
encourage us, that encourages us

1155
00:55:41,560 --> 00:55:44,720
to be our best self while also 
being honorable. 

1156
00:55:44,720 --> 00:55:47,680
We remove the honor from the 
system when you remove the 

1157
00:55:47,680 --> 00:55:51,760
integrity of the dollar. 
Bitcoin is full integrity, which

1158
00:55:51,760 --> 00:55:54,720
means a Bitcoin standard will 
have full honor. 

1159
00:55:54,720 --> 00:55:57,200
Remove the liars. 
Start with education. 

1160
00:55:57,200 --> 00:55:59,400
Educate your kids. 
Have more kids. 

1161
00:55:59,400 --> 00:56:01,440
If you're married, have 
children. 

1162
00:56:01,440 --> 00:56:03,760
If you have Bitcoin, have 
children. 

1163
00:56:03,760 --> 00:56:08,680
It is absolutely the best way to
prevent the Fiat mine virus from

1164
00:56:08,680 --> 00:56:11,600
spreading throughout the earth. 
We need to be bullish on the 

1165
00:56:11,600 --> 00:56:13,840
next generation. 
Don't stack for your first name,

1166
00:56:13,960 --> 00:56:19,760
stack for your last name. 
Well, you know, Adam, you're 

1167
00:56:19,760 --> 00:56:22,960
really, really earning your 
stripes on today's show as Co 

1168
00:56:22,960 --> 00:56:24,800
host. 
That's two Opti dunks. 

1169
00:56:24,800 --> 00:56:27,040
OK, All right. 
You're really you're really 

1170
00:56:27,120 --> 00:56:29,240
you're really making some some 
waves here. 

1171
00:56:29,560 --> 00:56:32,360
When what are like, what are the
chances we just got like a legit

1172
00:56:32,360 --> 00:56:36,480
dunk tank and we can just throw 
like apples or something at the 

1173
00:56:36,840 --> 00:56:39,480
at the like, you know, dunk 
Opti. 

1174
00:56:40,040 --> 00:56:42,400
As long as they're paying in 
Sats, I will do it. 

1175
00:56:42,400 --> 00:56:45,040
I'll, I'll. 
Do it lightning dunks. 

1176
00:56:45,480 --> 00:56:49,160
Dude, we got Opti's Taco feeder.
We're going to have Opti getting

1177
00:56:49,160 --> 00:56:51,640
dunked feeder. 
All right, anyways, anyways, 

1178
00:56:52,000 --> 00:56:55,440
let's get in the culture guys. 
I, I already know what we're 

1179
00:56:55,440 --> 00:56:57,800
going to talk about and I think 
you guys are going to really 

1180
00:56:57,800 --> 00:57:00,200
enjoy this conversation. 
It's it's not going to be all of

1181
00:57:00,200 --> 00:57:03,200
us agreeing for once. 
We might have a little debate on

1182
00:57:03,200 --> 00:57:05,200
today's show in the culture. 
So you guys are going to love 

1183
00:57:05,200 --> 00:57:10,560
this one. 
The daily culture. 

1184
00:57:16,600 --> 00:57:19,240
All right, guys, before we do 
that, scan the QR code. 

1185
00:57:19,440 --> 00:57:21,120
I'm I'm I'm getting confused 
over here. 

1186
00:57:21,520 --> 00:57:24,600
Make sure you go to 
orangepillapp.com stack friends 

1187
00:57:24,600 --> 00:57:27,200
who stack sats guys, if you're 
traveling and you want to hang 

1188
00:57:27,200 --> 00:57:29,680
out with bit corners, if you 
want to find a local meet up, if

1189
00:57:29,680 --> 00:57:32,000
you just want to chat with bit 
corners and see if there's even 

1190
00:57:32,000 --> 00:57:35,680
bit corners around you, get on 
the orange pill app, connect 

1191
00:57:35,680 --> 00:57:38,480
with Bitcoin and rather connect 
with bitcoiners. 

1192
00:57:38,480 --> 00:57:39,800
This is the most important thing
to do. 

1193
00:57:39,800 --> 00:57:42,440
Look, we're all on the Internet.
Yes, we're doing all this 

1194
00:57:42,440 --> 00:57:46,040
remotely, but there is a 
fundamental difference when you 

1195
00:57:46,040 --> 00:57:47,880
hang out with bitcoiners in 
person. 

1196
00:57:47,880 --> 00:57:52,040
If you are the sole crazy 
bitcoiner in your community at 

1197
00:57:52,040 --> 00:57:54,800
home, if all your big, all your 
normie friends are like, man, 

1198
00:57:54,800 --> 00:57:56,960
you're crazy. 
What are you talking about bro? 

1199
00:57:57,280 --> 00:58:00,320
Get on orange Pearl app, connect
with bitcoiners. 

1200
00:58:00,320 --> 00:58:02,680
This is the way guys. 
This is how we win is by 

1201
00:58:02,680 --> 00:58:06,440
building strong communities 
within meet space. 

1202
00:58:06,440 --> 00:58:08,480
This is the way all right and 
the next one shouts out to the 

1203
00:58:08,480 --> 00:58:11,080
boys over at kaboom racks. 
They're the goats. 

1204
00:58:11,080 --> 00:58:13,400
I absolutely love these guys. 
They got an awesome team, huh? 

1205
00:58:13,800 --> 00:58:14,120
Say it. 
Say. 

1206
00:58:14,400 --> 00:58:16,800
It. 
They busting for real? 

1207
00:58:16,800 --> 00:58:22,960
No cat. 
The best place to buy, sell and 

1208
00:58:22,960 --> 00:58:24,920
host your Bitcoin mining 
equipment. 

1209
00:58:24,920 --> 00:58:28,320
We're going to see the halving 
tonight today at some point 

1210
00:58:28,320 --> 00:58:31,680
maybe tomorrow who knows, but if
you've been thinking about 

1211
00:58:31,680 --> 00:58:34,440
getting some a six you've been 
you know getting the itch to get

1212
00:58:34,440 --> 00:58:36,880
into the Bitcoin mining space, 
get in touch with the kaboom 

1213
00:58:36,880 --> 00:58:39,040
racks team. 
They will answer all your 

1214
00:58:39,040 --> 00:58:41,240
questions. 
Shouts out to my boy Alex. 

1215
00:58:41,240 --> 00:58:44,000
He was telling me the other day 
that there might be some 

1216
00:58:44,000 --> 00:58:46,640
fireworks in the public Bitcoin 
mining space. 

1217
00:58:46,640 --> 00:58:50,640
So S nines and S 19. 
They might be on sale. 

1218
00:58:50,640 --> 00:58:53,960
You might be seeing a fire sale 
out there, guys, but if you have

1219
00:58:53,960 --> 00:58:57,480
questions, if you have concerns,
get in touch with the team and 

1220
00:58:57,480 --> 00:59:00,560
they'll walk you through this. 
They'll literally tell you if 

1221
00:59:00,560 --> 00:59:03,840
you should be mining, whether it
makes sense to you or not. 

1222
00:59:03,840 --> 00:59:06,880
And they're not just going to 
sell you stuff just to sell you 

1223
00:59:06,880 --> 00:59:09,640
stuff. 
They want to make sure that you 

1224
00:59:09,640 --> 00:59:12,600
understand what you're doing. 
So shouts out to the Kaboom 

1225
00:59:12,600 --> 00:59:14,680
Racks team. 
There they go. 

1226
00:59:14,680 --> 00:59:15,920
It's out there. 
All right, guys. 

1227
00:59:16,080 --> 00:59:19,200
Anyways, we got a great, great 
rip. 

1228
00:59:19,200 --> 00:59:22,760
So first and foremost, Eric came
on last time, was absolutely 

1229
00:59:22,760 --> 00:59:27,680
ripping it and he wanted to re 
kind of hint on the idea of 

1230
00:59:27,680 --> 00:59:30,000
regulating Bitcoin. 
So I'm gonna tee you up on that 

1231
00:59:30,000 --> 00:59:30,520
one. 
Eric. 

1232
00:59:31,000 --> 00:59:33,000
Let's talk about your thoughts 
on regulation. 

1233
00:59:33,000 --> 00:59:36,560
I'll pass it over to Adam. 
I know you guys may or may not 

1234
00:59:36,560 --> 00:59:37,840
agree on. 
And then we're going to talk 

1235
00:59:37,840 --> 00:59:40,520
about the six one O 2, which I 
know you guys aren't going to 

1236
00:59:40,520 --> 00:59:43,720
fully agree on. 
So Eric, jump on the idea of 

1237
00:59:43,720 --> 00:59:47,920
regulating Bitcoin and then 
we'll segue into what might be 

1238
00:59:47,920 --> 00:59:52,040
future possibilities on 61O2. 
Yeah. 

1239
00:59:52,040 --> 00:59:55,680
So, all right, I look at this 
through the perspective of being

1240
00:59:55,680 --> 00:59:58,240
a cannabis producer. 
I've been producing cannabis in 

1241
00:59:58,240 --> 01:00:01,920
the state of California 
professionally since 2009. 

1242
01:00:02,320 --> 01:00:07,680
And a quick little. 
History here in 1996, Prop 215 

1243
01:00:07,680 --> 01:00:09,800
was passed, that was medical 
marijuana. 

1244
01:00:09,800 --> 01:00:13,400
So you could you could start 
A5O1C3, which is a nonprofit 

1245
01:00:13,400 --> 01:00:18,160
corporation and you could 
distribute and share medicine in

1246
01:00:18,160 --> 01:00:20,000
between your patient collective,
right? 

1247
01:00:20,200 --> 01:00:24,560
And what unfolded as a result of
the economic incentive, because 

1248
01:00:24,560 --> 01:00:27,520
there was so much more demand 
for cannabis than there was 

1249
01:00:27,520 --> 01:00:29,840
supply, meaning there was a huge
margin, right? 

1250
01:00:29,840 --> 01:00:34,680
And so a multi billion dollar 
industry developed in the state 

1251
01:00:34,680 --> 01:00:39,040
of California, epic, huge, you 
know, industry people know who 

1252
01:00:39,040 --> 01:00:42,040
have been to California, you 
know, dispensaries were popping 

1253
01:00:42,040 --> 01:00:44,320
up on every single corner, 
etcetera. 

1254
01:00:44,680 --> 01:00:49,160
And in night in 2015, the 
governor at the time, Jerry 

1255
01:00:49,160 --> 01:00:53,240
Brown signed into effect a bill 
called MERSA, the Medical 

1256
01:00:53,240 --> 01:00:55,560
Marijuana Safety Regulations 
Act. 

1257
01:00:55,760 --> 01:00:59,760
And he did so preemptively, 
knowing that the probability 

1258
01:00:59,760 --> 01:01:03,480
that in 2016 that the people of 
the state of California were 

1259
01:01:03,480 --> 01:01:07,720
going to vote into effect Prop 
64, which was adult use 

1260
01:01:07,720 --> 01:01:14,760
recreational cannabis and MRSA 
put into it, led the way for the

1261
01:01:14,760 --> 01:01:19,040
most basic regulatory framework.
And as an example, essentially 

1262
01:01:19,040 --> 01:01:23,080
what MRSA said is, is that the 
county, the small municipalities

1263
01:01:23,080 --> 01:01:27,360
can either prove or deny 
cannabis activity within their 

1264
01:01:27,360 --> 01:01:29,000
area. 
And if you're going to approve 

1265
01:01:29,000 --> 01:01:31,680
it, you have to launch a land 
use ordinance and you got to 

1266
01:01:31,960 --> 01:01:33,880
create whatever rule set you're 
going to have. 

1267
01:01:33,880 --> 01:01:37,920
Once the county permits, then 
the state will license. 

1268
01:01:38,160 --> 01:01:41,840
And it was a great carrot and a 
stick type strategy where if you

1269
01:01:41,840 --> 01:01:45,280
come in to compliance, as they 
say, come into compliance, we're

1270
01:01:45,280 --> 01:01:48,280
going to put you on the fast 
track to getting approved for 

1271
01:01:48,280 --> 01:01:50,280
your state license. 
And the whole industry, 

1272
01:01:50,280 --> 01:01:53,160
generally speaking, wanted to be
licensed by the state. 

1273
01:01:53,160 --> 01:01:55,600
These are business owners who 
have a passion for producing 

1274
01:01:55,600 --> 01:01:57,000
cannabis. 
They believe in what they're 

1275
01:01:57,000 --> 01:01:58,720
doing, so on and so forth, 
right? 

1276
01:01:59,120 --> 01:02:03,120
And as an example of what 
unfolded in Humboldt County, 

1277
01:02:03,120 --> 01:02:05,480
which is where I reside and 
where I've been producing 

1278
01:02:05,480 --> 01:02:10,000
cannabis, visible via satellite,
you can take a tour on Google 

1279
01:02:10,000 --> 01:02:11,600
Maps and you can see all these 
farms. 

1280
01:02:11,600 --> 01:02:14,000
They're giant greenhouses that 
are visible from space. 

1281
01:02:14,520 --> 01:02:17,880
There was 12,600 and some odd 
farms. 

1282
01:02:17,880 --> 01:02:19,680
When MERSA was signed into 
effect. 

1283
01:02:19,680 --> 01:02:22,520
There was nine months and 
Hubbell County came right out of

1284
01:02:22,520 --> 01:02:24,080
the gate and had a land use 
ordinance. 

1285
01:02:24,080 --> 01:02:26,040
It was revolutionary. 
They were the first on the 

1286
01:02:26,040 --> 01:02:27,840
scene. 
There's the Mecca of cannabis 

1287
01:02:27,840 --> 01:02:30,040
production in the country, in 
the world, whatever, right? 

1288
01:02:30,680 --> 01:02:32,320
So they're progressive. 
They have their land use 

1289
01:02:32,320 --> 01:02:34,160
ordinance. 
They say you need to register 

1290
01:02:34,160 --> 01:02:36,960
your farm in nine months, by the
end of the year, by the end of 

1291
01:02:36,960 --> 01:02:42,400
2015 out of 12,600 and some odd 
farms determined to be of 

1292
01:02:42,400 --> 01:02:44,560
commercial scale. 
This isn't. 

1293
01:02:44,640 --> 01:02:47,800
This isn't like warehouses. 
This isn't people growing 

1294
01:02:47,800 --> 01:02:51,240
cannabis in their garage. 
This is large scale farms 

1295
01:02:51,360 --> 01:02:55,320
visible from satellite. 123 
people turned out and registered

1296
01:02:55,320 --> 01:02:57,760
their farms. 
The cannabis community at large 

1297
01:02:57,760 --> 01:02:59,840
says you can get fucked with 
your regulations. 

1298
01:02:59,840 --> 01:03:03,360
You want us to put in big roads?
You want us to put in live 

1299
01:03:03,360 --> 01:03:06,800
streaming video footage. 
Your fees are excessive. 

1300
01:03:07,080 --> 01:03:09,320
This is crazy. 
And you know what the government

1301
01:03:09,320 --> 01:03:12,480
did instead of sending letters, 
which they could do to the 

1302
01:03:12,480 --> 01:03:15,400
property owners, which is all 
public information, instead of 

1303
01:03:15,560 --> 01:03:19,880
sending squads of SUV's out to 
go and to penalize these people 

1304
01:03:19,880 --> 01:03:21,680
or shut them down. 
You know what they did? 

1305
01:03:21,840 --> 01:03:24,000
They went back to the drawing 
board and they came back with 

1306
01:03:24,000 --> 01:03:28,280
much more favorable terms. 
They bent the knee and they 

1307
01:03:28,280 --> 01:03:31,120
capitulated into the preferences
of the business owners. 

1308
01:03:31,120 --> 01:03:33,320
Why? 
Because they want the taxes, 

1309
01:03:33,320 --> 01:03:36,880
they want the licensing fees, 
they want to regulate this 

1310
01:03:36,960 --> 01:03:39,440
industry because they need to 
make money, right? 

1311
01:03:40,120 --> 01:03:45,040
So when I think about that and I
think about Bitcoin, you got 

1312
01:03:45,120 --> 01:03:47,720
visible farms from space that 
are, you know, and our 

1313
01:03:47,720 --> 01:03:50,160
dispensaries, etcetera. 
You got brick and mortar 

1314
01:03:50,160 --> 01:03:53,080
locations that you can find very
easily. 

1315
01:03:53,320 --> 01:03:56,760
Now let's think about Bitcoin. 
Can you even prove that somebody

1316
01:03:56,760 --> 01:03:59,440
has their Bitcoin if they sent 
it into self custody? 

1317
01:03:59,600 --> 01:04:02,480
Last time I checked, every 
wallet spins up a new receiving 

1318
01:04:02,480 --> 01:04:04,080
address. 
Did I buy something? 

1319
01:04:04,120 --> 01:04:05,720
Did I send it to the right 
address? 

1320
01:04:06,120 --> 01:04:08,600
Do I have it? 
And if I do have it and you can 

1321
01:04:08,600 --> 01:04:10,520
prove I have it because I bought
KYC. 

1322
01:04:10,720 --> 01:04:12,680
Oh here's another example. 
I actually know if I have. 

1323
01:04:12,720 --> 01:04:15,880
I have a couple friends. 
I got a buddy who lost 2 coins 

1324
01:04:16,080 --> 01:04:18,000
because he threw away a hard 
drive because they were worth 

1325
01:04:18,000 --> 01:04:21,000
like $500 a piece or something. 
He determined it wasn't worth 

1326
01:04:21,000 --> 01:04:23,920
the fees that he would have had 
to pay to get the hard drive 

1327
01:04:23,920 --> 01:04:26,600
recovered, so he tossed it. 
It was KYC. 

1328
01:04:26,720 --> 01:04:27,800
What is the government going to 
do? 

1329
01:04:27,800 --> 01:04:30,720
Are they going to send some 
vehicles to his house and water 

1330
01:04:30,720 --> 01:04:33,600
board him in some key extraction
camp while they're feeding him 

1331
01:04:33,600 --> 01:04:36,440
bugs and he doesn't even have 
the Bitcoin? 

1332
01:04:36,680 --> 01:04:38,800
It's an energy in energy out 
world. 

1333
01:04:38,800 --> 01:04:41,840
You have to collect money and 
you, what your business 

1334
01:04:41,840 --> 01:04:44,280
practices are, have to be 
profitable. 

1335
01:04:44,440 --> 01:04:47,160
And so if you go around trying 
to rally up people's Bitcoin, 

1336
01:04:47,280 --> 01:04:48,760
you're going to fucking go out 
of business. 

1337
01:04:48,760 --> 01:04:50,240
You're not going to get the 
Bitcoin. 

1338
01:04:50,400 --> 01:04:52,880
And I watched the government 
bend the knee to the cannabis 

1339
01:04:52,880 --> 01:04:54,720
community with brick and mortar 
locations. 

1340
01:04:55,400 --> 01:04:57,920
They can't get the Bitcoin, You 
know, what does sailors say? 

1341
01:04:58,120 --> 01:05:03,240
It's trillions of times more 
energy to try to launch a 51% 

1342
01:05:03,240 --> 01:05:06,160
attack at the network than it is
to protect it because of the way

1343
01:05:06,160 --> 01:05:08,160
the miners operate versus the 
node. 

1344
01:05:08,160 --> 01:05:11,040
My node, what does it run? 
What does it take for my node to

1345
01:05:11,040 --> 01:05:13,920
catch a fraudulent transaction? 
I don't know, a penny, a couple 

1346
01:05:13,920 --> 01:05:16,200
pennies, a fraction of a penny's
worth of electricity. 

1347
01:05:16,600 --> 01:05:21,560
I believe that same that same 
concept applies to confiscating 

1348
01:05:21,560 --> 01:05:23,360
somebody's Bitcoin. 
How you going to get the 

1349
01:05:23,360 --> 01:05:24,920
Bitcoin? 
And another thing that comes to 

1350
01:05:24,920 --> 01:05:27,760
mind is is the photo and I don't
know the details around it. 

1351
01:05:27,760 --> 01:05:30,760
It's just the image. 
Some guy sitting on his knees or

1352
01:05:30,760 --> 01:05:32,800
sitting on the ground in front 
of a tank. 

1353
01:05:33,000 --> 01:05:35,760
He's like, look, you fucking 
evil doers could get fucked. 

1354
01:05:35,760 --> 01:05:37,040
You're going to have to run me 
over. 

1355
01:05:37,040 --> 01:05:38,720
I'm trying to stop this 
perpetration. 

1356
01:05:38,920 --> 01:05:41,200
How many people are actually 
going to give up their Bitcoin 

1357
01:05:41,200 --> 01:05:42,680
that have Bitcoin in self 
custody? 

1358
01:05:42,880 --> 01:05:45,240
They're not even going to do it.
And here's what I'll say. 

1359
01:05:45,240 --> 01:05:51,480
Lastly, the current construct, 
the current system at and and in

1360
01:05:51,480 --> 01:05:56,240
place can print money. 
Why would they go around trying 

1361
01:05:56,240 --> 01:06:00,880
to steal people's Bitcoin when 
Bitcoin is the hardest asset in 

1362
01:06:00,880 --> 01:06:03,960
the marketplace and we have a 
debt based Fiat monetary system 

1363
01:06:03,960 --> 01:06:07,160
where monetary units have to be 
lent into existence as debt 

1364
01:06:07,160 --> 01:06:10,120
against assets? 
Well, I'm just an ADIQ pled. 

1365
01:06:10,240 --> 01:06:12,960
I'm a fucking farmer dude. 
If I think about this from the 

1366
01:06:12,960 --> 01:06:16,000
perspective of being a banker, 
I'd rather lend money against 

1367
01:06:16,000 --> 01:06:17,960
Bitcoin. 
It's better than letting money 

1368
01:06:17,960 --> 01:06:19,880
against the house. 
And now is the bank. 

1369
01:06:19,880 --> 01:06:21,760
I'm taking possession of the 
Bitcoin. 

1370
01:06:21,760 --> 01:06:25,680
Why would I even go and try to 
61 O2 doesn't even make sense. 

1371
01:06:25,760 --> 01:06:27,560
And then what? 
The government goes to Coinbase 

1372
01:06:27,560 --> 01:06:29,680
so they say hey, you have all 
this Bitcoin, you're a big 

1373
01:06:29,680 --> 01:06:32,160
honeypot. 
They steal the Bitcoin, What are

1374
01:06:32,160 --> 01:06:34,760
they going to do then? 
Sell it overseas to fund their 

1375
01:06:34,760 --> 01:06:37,040
plunder. 
They can't spin the Bitcoin into

1376
01:06:37,040 --> 01:06:39,520
the marketplace. 
They can't stop the people from 

1377
01:06:39,520 --> 01:06:42,440
having the Bitcoin. 
If the if all the governments 

1378
01:06:42,440 --> 01:06:45,800
were truly colluding together in
an effective manner, I'd be more

1379
01:06:45,800 --> 01:06:48,720
concerned about it. 
But there's just as much divide 

1380
01:06:48,720 --> 01:06:51,440
and competition on a macro level
in the marketplace as there is 

1381
01:06:51,440 --> 01:06:53,040
on a micro level in the 
marketplace. 

1382
01:06:53,520 --> 01:06:56,840
And so if they start lending 
money against Bitcoin, they take

1383
01:06:56,840 --> 01:06:59,880
possession of Bitcoin. 
And so why would they try to, 

1384
01:06:59,920 --> 01:07:02,960
to, to confiscate it if they can
lend against it And it's supreme

1385
01:07:02,960 --> 01:07:04,880
collateral. 
Let's say, for example, I go, 

1386
01:07:05,000 --> 01:07:06,840
I'm moving to a Tennessee as an 
example. 

1387
01:07:06,840 --> 01:07:09,840
I moved to Tennessee and I get a
job and I'm living my happy 

1388
01:07:09,840 --> 01:07:13,400
little American dream or 
whatever, whatever we have left 

1389
01:07:13,400 --> 01:07:16,520
of it, right? 
And, and I'm remodeling my house

1390
01:07:16,520 --> 01:07:19,800
and I got a fucking mortgage and
someone rear ends me And now I 

1391
01:07:19,800 --> 01:07:22,960
got back problems and I go to 
the doctors and the Fiat doctors

1392
01:07:22,960 --> 01:07:26,600
give me some fucking opioids and
now I'm all fucked up on opioids

1393
01:07:26,720 --> 01:07:31,520
and I lose my job and, and I go 
BK and the bank has to, to, to 

1394
01:07:31,520 --> 01:07:34,040
repossess the house and they got
I go into foreclosure. 

1395
01:07:34,160 --> 01:07:36,440
What if my house is ripped the 
shreds because I'm in the middle

1396
01:07:36,440 --> 01:07:38,720
of a, a remodel? 
I have the legal right to do it.

1397
01:07:38,720 --> 01:07:40,840
As a matter of fact, I'm 
incentivized to remodel the 

1398
01:07:40,840 --> 01:07:42,480
house so I can get some of that 
equity. 

1399
01:07:42,480 --> 01:07:44,000
I can flip it for a profit, 
right? 

1400
01:07:44,440 --> 01:07:46,840
Well, honestly, a house is 
really shitty collateral. 

1401
01:07:47,040 --> 01:07:50,160
They lose money like cars do. 
It's just an optical illusion 

1402
01:07:50,160 --> 01:07:53,440
that's taking place because we 
value the house denominated in 

1403
01:07:53,440 --> 01:07:55,480
dollars, which is another moving
metric. 

1404
01:07:55,800 --> 01:07:57,680
You don't. 
Most people don't realize that 

1405
01:07:57,680 --> 01:07:59,240
their houses are actually losing
value. 

1406
01:07:59,240 --> 01:08:02,360
They have the optical illusion 
of it appreciating in value. 

1407
01:08:02,720 --> 01:08:06,600
So I believe the banks are going
to come online with a, with a AB

1408
01:08:06,600 --> 01:08:09,120
lock dude, they're going to, 
they're going to roll out the 

1409
01:08:09,120 --> 01:08:13,200
orange carpet for us guys, we 
have leverage in a way we've 

1410
01:08:13,200 --> 01:08:14,720
never had in all of human 
history. 

1411
01:08:14,880 --> 01:08:18,800
If you have Bitcoin in self 
custody, you're in, you're in a 

1412
01:08:18,800 --> 01:08:21,080
position of power. 
You know, listen to sailors say 

1413
01:08:21,080 --> 01:08:23,520
in a, in a, in a podcast, he 
goes, you know, I don't know. 

1414
01:08:23,520 --> 01:08:26,040
And these are my words. 
But the overlords, essentially, 

1415
01:08:26,040 --> 01:08:29,600
they have contempt for the weak.
A bunch of weak, starving, sick 

1416
01:08:29,600 --> 01:08:31,680
over, you know, you're 
nutritionally deficient, you're 

1417
01:08:31,680 --> 01:08:34,000
overweight, you're eating a 
bunch of marshmallows, popping a

1418
01:08:34,000 --> 01:08:37,080
bunch of pharmaceuticals, living
off of fucking welfare. 

1419
01:08:37,279 --> 01:08:39,479
They don't want you. 
They have contempt for you. 

1420
01:08:39,680 --> 01:08:42,560
But if you, if you're powerful, 
they respect you. 

1421
01:08:42,760 --> 01:08:46,319
They have respect for us. 
And so, yeah, I don't think 

1422
01:08:46,319 --> 01:08:49,319
they're going to 6102 US. 
I think it's an absolutely 

1423
01:08:49,520 --> 01:08:53,479
enormous waste of energy. 
The current political regime has

1424
01:08:53,479 --> 01:08:57,200
the ability to affect monetary 
policy, the banking bloodlines, 

1425
01:08:57,200 --> 01:09:00,120
they can print money, they can 
lend money into existence as 

1426
01:09:00,120 --> 01:09:02,279
Bitcoin. 
Bitcoin also to measure the 

1427
01:09:02,279 --> 01:09:05,680
inflation in the economy like 
Saylor says in Lex Friedman 

1428
01:09:05,680 --> 01:09:08,920
interview, he's like, you know, 
you can't measure inflation as a

1429
01:09:08,920 --> 01:09:10,720
as a scalar. 
It's a vector because you have 

1430
01:09:10,720 --> 01:09:12,920
supply and demand dynamics 
taking place across the 

1431
01:09:12,920 --> 01:09:14,840
marketplace and different rates,
right. 

1432
01:09:15,240 --> 01:09:18,200
Well, if housing goes up 5X over
the next 10 years because they 

1433
01:09:18,200 --> 01:09:20,920
have to continue to debase the 
currency at hyper rate and we 

1434
01:09:20,920 --> 01:09:23,319
have that proverbial 
hyperinflation, people could be 

1435
01:09:23,319 --> 01:09:25,120
fucking homeless. 
That's a problem. 

1436
01:09:25,279 --> 01:09:29,200
But if Bitcoin is some extreme 
arbitrary example goes from 

1437
01:09:29,200 --> 01:09:32,520
62,064 thousand or whatever it 
is today. 

1438
01:09:32,720 --> 01:09:35,760
So let's say 64,000,000, it 
doesn't hurt anybody. 

1439
01:09:35,760 --> 01:09:39,359
It's invisible, right? 
And so actually also, and I'll 

1440
01:09:39,359 --> 01:09:42,520
leave my thought at this, if the
bank start loaning money against

1441
01:09:42,520 --> 01:09:46,000
Bitcoin in the form of AB lock, 
because let's not forget we have

1442
01:09:46,000 --> 01:09:49,279
a debt based Fiat monetary 
system where monetary units have

1443
01:09:49,279 --> 01:09:52,359
to continue to be lent into 
existence to keep the dollar 

1444
01:09:52,359 --> 01:09:54,760
denominated value of the assets 
going up. 

1445
01:09:55,040 --> 01:09:57,600
They now have Bitcoin on the 
balance sheet, right? 

1446
01:09:57,800 --> 01:10:00,200
And if the Bitcoin hyper 
inflates, then their balance 

1447
01:10:00,200 --> 01:10:02,280
sheet shreds. 
And if their balance sheet 

1448
01:10:02,280 --> 01:10:04,560
shreds, they don't don't need a 
bailout anymore. 

1449
01:10:04,840 --> 01:10:08,040
So I personally believe the more
and more I think about this, 

1450
01:10:08,280 --> 01:10:12,040
Bitcoin is unwinding the 
detachment from reality or the 

1451
01:10:12,040 --> 01:10:14,240
limitations of the physicality 
of gold. 

1452
01:10:14,400 --> 01:10:19,000
It's like we it's like, it's 
like when metallic is like, oh, 

1453
01:10:19,000 --> 01:10:21,840
well, yeah, proof of work. 
We're limited to the laws of 

1454
01:10:21,840 --> 01:10:23,960
physics. 
But if we create a proof of 

1455
01:10:23,960 --> 01:10:27,360
stake protocol, we can have our 
funny loony cat purse fucking 

1456
01:10:27,360 --> 01:10:29,520
whatever reality. 
We could do whatever we want, 

1457
01:10:29,520 --> 01:10:32,160
right? 
And so it's bringing prudence, 

1458
01:10:32,160 --> 01:10:35,520
it's bringing responsibility, 
it's bringing solvency back into

1459
01:10:35,520 --> 01:10:39,360
an entirely insolvent system. 
And I think it's absolutely, 

1460
01:10:40,160 --> 01:10:42,880
absolutely ridiculous to think 
that they could even effectively

1461
01:10:42,880 --> 01:10:45,440
attempt to 6102 US. 
Love it. 

1462
01:10:45,440 --> 01:10:49,320
Love it. 
OK, Now on the flip side, Adam, 

1463
01:10:49,720 --> 01:10:52,920
you're a big 6102 advocate that 
it's coming. 

1464
01:10:52,920 --> 01:10:54,800
You literally have it on your 
wall right there. 

1465
01:10:55,080 --> 01:10:59,800
So I guess maybe playing devil's
advocate, or rather what what is

1466
01:10:59,800 --> 01:11:02,680
the opposite view here? 
Yeah, man. 

1467
01:11:02,720 --> 01:11:05,400
So let me be clear, I'm not a 
61O2 advocate. 

1468
01:11:05,400 --> 01:11:10,360
I'm just deeply petrified of A 
Yeah, don't hit me with that 

1469
01:11:10,360 --> 01:11:12,880
fudd off D. 
Wait, wait, wait. 

1470
01:11:13,200 --> 01:11:14,600
I I I got to fudge you a little 
bit. 

1471
01:11:14,600 --> 01:11:15,800
You've been ducking on me all 
day. 

1472
01:11:15,800 --> 01:11:16,880
All right, all right. 
Go, go, go. 

1473
01:11:18,040 --> 01:11:20,600
Yo listen and like feel free you
don't have to full screen me 

1474
01:11:20,680 --> 01:11:21,560
like if you want a full. 
Screen. 

1475
01:11:21,560 --> 01:11:22,680
OK, All right. 
Yeah, we'll, we'll do. 

1476
01:11:22,680 --> 01:11:24,840
We'll keep a conversation. 
Here's the thing. 

1477
01:11:25,160 --> 01:11:28,360
Eric's bang on. 
Except for the fact that it's 

1478
01:11:28,360 --> 01:11:32,280
very, very easy to 61 O2 your 
coins that are not in self 

1479
01:11:32,280 --> 01:11:34,480
custody. 
And they're going to do that for

1480
01:11:34,480 --> 01:11:38,040
the same reason they did it in 
1933 because they need the real 

1481
01:11:38,040 --> 01:11:41,400
assets on their balance sheet. 
The only reason the US had so 

1482
01:11:41,400 --> 01:11:45,160
much gold is because they stole 
it in 1933. 

1483
01:11:45,320 --> 01:11:48,200
Otherwise they have no gold to 
print against, right? 

1484
01:11:48,200 --> 01:11:50,440
And this is the illusion that 
has to happen right now. 

1485
01:11:50,440 --> 01:11:54,440
Our dollar is completely 
debased, completely outside of 

1486
01:11:54,440 --> 01:11:59,360
any real sense of asset. 
The only saving, they know this,

1487
01:11:59,360 --> 01:12:03,680
the only real saving the US 
dollar has is Bitcoin. 

1488
01:12:03,680 --> 01:12:05,440
And how are they going to get 
the Bitcoin? 

1489
01:12:05,440 --> 01:12:07,400
They can't print more Bitcoin to
spend it. 

1490
01:12:07,400 --> 01:12:09,440
So they're going or take to get 
it. 

1491
01:12:09,440 --> 01:12:10,640
They're going to make it 
illegal. 

1492
01:12:11,120 --> 01:12:14,520
Adam supports the 6102 No. 
Quote me on that. 

1493
01:12:15,560 --> 01:12:18,160
They're going to steal it. 
They have to steal it. 

1494
01:12:18,360 --> 01:12:22,320
When when this happened in 1933,
they took all the gold and then 

1495
01:12:22,320 --> 01:12:25,720
miraculously the next year, the 
the gold was worth twice as 

1496
01:12:25,720 --> 01:12:27,720
much. 
This is the this is the Fiat 

1497
01:12:27,720 --> 01:12:31,680
optics at play. 
And so I think it's a little 

1498
01:12:31,680 --> 01:12:36,760
bit, it's giving the Fiat 
lizards a little bit too much 

1499
01:12:36,760 --> 01:12:41,240
credit to say they won't 6102. 
The easiest thing they could do 

1500
01:12:41,440 --> 01:12:44,560
is walk up to Coinbase and be 
like, yo, by the way, this is 

1501
01:12:44,560 --> 01:12:46,840
illegal. 
Now you have to give us the ETF 

1502
01:12:46,840 --> 01:12:51,800
coins, give us the people's 
coins, give us micro strategies 

1503
01:12:51,800 --> 01:12:55,120
coins, give us the Canadian 
exchanges coins, give us 

1504
01:12:55,120 --> 01:12:57,440
everyone's coins that we want. 
We're going to take them. 

1505
01:12:57,440 --> 01:13:00,760
They did this with Mount Gox. 
They were with, with the Silk 

1506
01:13:00,760 --> 01:13:02,880
Road. 
They were actively selling off 

1507
01:13:02,880 --> 01:13:05,240
the Silk Road coins for a 
profit. 

1508
01:13:05,240 --> 01:13:10,000
They, they literally confiscated
the Silk Road codes coins 61O2 

1509
01:13:10,000 --> 01:13:11,920
style. 
Then they held them for four 

1510
01:13:11,920 --> 01:13:14,440
years and then sold them for a 
wicked profit. 

1511
01:13:14,440 --> 01:13:18,280
Like it's, it's happened before 
in our recent history. 

1512
01:13:18,560 --> 01:13:22,080
It's happened before in our 
previous history with the 61 O2.

1513
01:13:22,200 --> 01:13:24,800
It's going to happen again 
because otherwise the dollar 

1514
01:13:24,800 --> 01:13:26,600
fails. 
And I don't think the government

1515
01:13:26,600 --> 01:13:28,680
wants to go through that much 
pain. 

1516
01:13:29,320 --> 01:13:33,280
And, and, and frankly, the pain 
at which it causes the citizens 

1517
01:13:33,280 --> 01:13:37,520
will be so extreme. 
When people have Bitcoin, it 

1518
01:13:37,520 --> 01:13:40,280
causes people that don't have 
Bitcoin pain. 

1519
01:13:40,280 --> 01:13:43,720
I think you're bang on. 
When Bitcoin goes up, it doesn't

1520
01:13:43,720 --> 01:13:46,120
cause anyone pain in the short 
term. 

1521
01:13:46,120 --> 01:13:50,480
However, as Bitcoin goes up and 
as we have a Fiat mindset, this 

1522
01:13:50,480 --> 01:13:54,200
in term is where all the pain is
as we get to a Bitcoin standard,

1523
01:13:54,200 --> 01:13:57,320
as Bitcoin exits, like we all 
remember what puberty was like, 

1524
01:13:57,320 --> 01:13:59,720
right? 
My legs were always sore, right?

1525
01:13:59,840 --> 01:14:02,360
Growing all this API doesn't 
know, but growing facial hair 

1526
01:14:02,360 --> 01:14:05,240
like this is painful. 
This is like, this is part of 

1527
01:14:05,240 --> 01:14:08,360
what it means to be a man. 
And, and, and when you go 

1528
01:14:08,360 --> 01:14:12,600
through those growing pains, we 
have to understand that the US 

1529
01:14:12,600 --> 01:14:16,760
is going to, to try to make it 
as painful as possible and, and,

1530
01:14:16,760 --> 01:14:19,760
and reiterate that pain into us 
so that we stop. 

1531
01:14:19,960 --> 01:14:25,240
But the silver lining here is if
the US does that, and this is 

1532
01:14:25,240 --> 01:14:30,080
where gold and, and, and Bitcoin
differs, we leave, we grab 12 

1533
01:14:30,080 --> 01:14:34,680
words in the old Dome and we 
bolt and then the US fails and, 

1534
01:14:34,680 --> 01:14:36,680
and we can come back. 
Bitcoiners can buy it. 

1535
01:14:36,680 --> 01:14:38,320
Bitcoiners will be able to buy 
the US. 

1536
01:14:38,320 --> 01:14:41,160
Let's get like, you know, 
founding fathers, two point O 

1537
01:14:41,160 --> 01:14:42,760
founding stackers. 
Let's go. 

1538
01:14:43,120 --> 01:14:46,960
And, and I think that Bitcoin 
actively puts governments into 

1539
01:14:46,960 --> 01:14:50,240
competition with each other. 
And you're right, there is no 

1540
01:14:50,240 --> 01:14:53,840
world where every single 
government is actually colluding

1541
01:14:53,840 --> 01:14:55,560
together. 
We have the communists that 

1542
01:14:55,560 --> 01:14:59,160
control countries like Canada 
and we have the, so the, the, 

1543
01:14:59,280 --> 01:15:02,640
the so-called free market 
thinkers that are, that are, you

1544
01:15:02,640 --> 01:15:05,440
know, in the states trying to 
dunk on Bitcoin and, and, and 

1545
01:15:05,440 --> 01:15:08,600
grasping at straws to preserve 
their, their fake money. 

1546
01:15:08,840 --> 01:15:12,000
And I think that as long as that
is is happening and the 

1547
01:15:12,000 --> 01:15:14,720
governments are in competition 
with each other, Bitcoiners will

1548
01:15:14,720 --> 01:15:17,840
always have a place to go. 
As long as Bitcoin is in self 

1549
01:15:17,840 --> 01:15:22,080
custody, because it is 
impossible to take my coins, I 

1550
01:15:22,080 --> 01:15:25,440
do not care. 
My life is not worth my family's

1551
01:15:25,440 --> 01:15:28,200
legacy. 
You are not getting my family's 

1552
01:15:28,360 --> 01:15:31,440
Bitcoin and you better believe 
we've got protocols, we've got 

1553
01:15:31,440 --> 01:15:34,280
the exit plan in place if 
somebody comes knocking. 

1554
01:15:34,280 --> 01:15:37,880
My family is safe. 
It is absolutely a fact. 

1555
01:15:38,080 --> 01:15:41,080
When your Bitcoin is in self 
custody, you're winning. 

1556
01:15:41,320 --> 01:15:44,840
But when your Bitcoin is sitting
in, you know, let's go back 

1557
01:15:44,960 --> 01:15:49,760
Mount Cox, Quadriga, FTX, now 
Coinbase, it's going like, to be

1558
01:15:49,760 --> 01:15:52,000
clear, I'm like forecasting 
there's nothing wrong with 

1559
01:15:52,000 --> 01:15:53,720
Coinbase today. 
It's tomorrow that's going to be

1560
01:15:53,720 --> 01:15:56,400
the problem. 
#Drop, Coinbase. 

1561
01:15:57,040 --> 01:16:01,400
#Drop Coinbase, when your coins 
are in self custody, they're 

1562
01:16:01,400 --> 01:16:04,040
safe and you're not exposed to 
A61O2. 

1563
01:16:04,240 --> 01:16:07,080
I hope I'm wrong. 
If the US government tries to 

1564
01:16:07,080 --> 01:16:10,960
steal all the Bitcoin, it will 
be very very bad for the people 

1565
01:16:10,960 --> 01:16:14,200
that do not listen. 
But you and I with Bitcoin and 

1566
01:16:14,200 --> 01:16:16,840
self custody will be totally 
fine. 

1567
01:16:16,840 --> 01:16:20,400
And that's the beauty of Bitcoin
because it's proof of work. 

1568
01:16:20,400 --> 01:16:23,880
Did you put the work in, grab 
your seed on a plate of metal, 

1569
01:16:23,960 --> 01:16:26,600
on a plate of metal and take off
like you can? 

1570
01:16:26,600 --> 01:16:32,400
And so I don't know that we 
absolutely can, you know, 

1571
01:16:32,480 --> 01:16:36,640
discredit A61O2 because I think 
it's quite easy for them to do 

1572
01:16:36,840 --> 01:16:40,320
as the coins get more and more 
and more centralized. 

1573
01:16:40,320 --> 01:16:43,520
And yes, they did buy, they 
bought the gold from the people 

1574
01:16:43,680 --> 01:16:48,280
for $20 an ounce. 
They then said if you don't sell

1575
01:16:48,280 --> 01:16:52,280
us your gold, if you don't, if 
you don't take our $20.00 an 

1576
01:16:52,280 --> 01:16:55,640
ounce, you're going to go to 
jail for six months and be fined

1577
01:16:55,640 --> 01:17:01,640
$10,000 in 1933, which today by 
the way is a quarter $1,000,000.

1578
01:17:01,640 --> 01:17:07,040
So, but to to their credit, they
let you keep 6 oz six. 

1579
01:17:07,280 --> 01:17:11,040
They said you can keep 6 ounces.
And then somehow they paid the 

1580
01:17:11,040 --> 01:17:13,320
people 20 bucks an ounce in 
1933. 

1581
01:17:13,520 --> 01:17:17,840
Somehow by 1935, gold was over 
40 bucks an ounce. 

1582
01:17:18,640 --> 01:17:20,120
Crazy. 
I guess the government's really 

1583
01:17:20,120 --> 01:17:21,840
smart and timed that pretty 
good. 

1584
01:17:22,160 --> 01:17:24,080
Guys. 
It's a manipulation tactic. 

1585
01:17:24,080 --> 01:17:28,120
They just manipulate the money. 
They are criminals when they 

1586
01:17:28,120 --> 01:17:30,880
steal your value. 
Love it, love it. 

1587
01:17:30,880 --> 01:17:34,800
OK, I just want to chime in for 
a moment and then I want to give

1588
01:17:34,800 --> 01:17:36,400
Eric a chance to respond to 
that. 

1589
01:17:37,000 --> 01:17:41,680
I think it's, I think it's very 
healthy to be cautious and 

1590
01:17:41,680 --> 01:17:45,840
paranoid of this being a 
possibility and as a tinfoil 

1591
01:17:45,840 --> 01:17:49,000
hat, a proud tinfoil hat 
bitcoiner, you know, I'm always 

1592
01:17:49,000 --> 01:17:50,560
like, where are they coming 
after us, bro? 

1593
01:17:50,560 --> 01:17:52,280
Like where, where's the attack 
coming from? 

1594
01:17:52,840 --> 01:17:55,240
I, I definitely think it's a 
possibility. 

1595
01:17:55,240 --> 01:17:57,360
It's a non zero chance that that
may happen. 

1596
01:17:57,600 --> 01:18:01,520
But I really like the framing 
that Eric is saying because I, I

1597
01:18:01,520 --> 01:18:04,360
really do think that as 
bitcoiners, we say it all the 

1598
01:18:04,360 --> 01:18:05,680
time. 
You know, the free market 

1599
01:18:05,680 --> 01:18:08,520
entrepreneurs will always 
outperform governments. 

1600
01:18:08,520 --> 01:18:12,040
And even if they do try to do 
this, it'll it'll, it'll 

1601
01:18:12,040 --> 01:18:15,280
basically be the end game for 
them for for the government and 

1602
01:18:15,280 --> 01:18:18,800
the bankers that do it because 
it will prove our point for us. 

1603
01:18:18,800 --> 01:18:20,960
I say it all the time and people
think I'm joking when I say it, 

1604
01:18:20,960 --> 01:18:24,640
but like anytime a government or
a bank comes out against Bitcoin

1605
01:18:24,640 --> 01:18:28,600
or tries to ban Bitcoin, it 
makes me so happy because I know

1606
01:18:28,600 --> 01:18:31,840
I am correct. 
Like it makes everything we say 

1607
01:18:32,120 --> 01:18:35,760
just very obviously correct when
they're like, wait, no, this 

1608
01:18:35,760 --> 01:18:38,440
Bitcoin thing is bad bro. 
Like you shouldn't own it now 

1609
01:18:38,440 --> 01:18:42,520
I'm going to ban and you're just
like, I if it wasn't a thing, 

1610
01:18:42,520 --> 01:18:45,240
why would you try to ban it? 
That just goes to show that what

1611
01:18:45,240 --> 01:18:48,360
we're doing is correct. 
And we're just out here winning 

1612
01:18:48,360 --> 01:18:50,840
so hard that they're just 
scrambling for the control. 

1613
01:18:50,840 --> 01:18:53,880
And again, it's always about the
control, or rather, it's always 

1614
01:18:53,880 --> 01:18:57,040
about control and it's always 
about the control of money. 

1615
01:18:57,040 --> 01:18:59,280
And so the more they try to 
control Bitcoin, the more they 

1616
01:18:59,280 --> 01:19:02,280
try to control the Fiat system, 
the more you know it is getting 

1617
01:19:02,280 --> 01:19:05,200
out of control. 
It, it, it's like their 

1618
01:19:05,240 --> 01:19:08,080
gaslighting. 
Just you got to read through the

1619
01:19:08,080 --> 01:19:11,360
line the, you read retreating 
the weeds here that it's because

1620
01:19:11,360 --> 01:19:15,360
they can't control you, which is
why they are so pompous and so 

1621
01:19:15,360 --> 01:19:17,520
loud and arrogant that they can 
control you. 

1622
01:19:17,520 --> 01:19:19,400
It's like, no, like what's that 
one meme? 

1623
01:19:19,400 --> 01:19:22,040
Like you have no power here. 
Like that's what it means when 

1624
01:19:22,040 --> 01:19:25,320
you are holding Bitcoin in self 
custody under keys that you 

1625
01:19:25,320 --> 01:19:27,920
control. 
Anyways, Eric, what's, what's 

1626
01:19:27,920 --> 01:19:29,480
your thoughts on this? 
You want to respond to this? 

1627
01:19:29,480 --> 01:19:32,000
And, and we are running long and
I do want to get the, the meme 

1628
01:19:32,000 --> 01:19:33,800
review here, but this is some 
signal. 

1629
01:19:33,800 --> 01:19:36,280
So if we go longer, guys, sorry,
we're going to do meme review on

1630
01:19:36,280 --> 01:19:41,040
Monday. 
Respond Eric Well, First off, I 

1631
01:19:41,040 --> 01:19:45,000
am definitely an advocate or a 
proponent of being skeptical. 

1632
01:19:45,680 --> 01:19:51,280
We are we're the descendants of 
people who raised an eyebrow, 

1633
01:19:51,400 --> 01:19:53,200
right? 
Like the people who just bought 

1634
01:19:53,200 --> 01:19:56,280
into whatever kind of bullshit 
narrative was implemented by 

1635
01:19:56,280 --> 01:20:00,000
some scammy overlords generally 
over the last many years, 100 

1636
01:20:00,000 --> 01:20:03,320
thousands or whatever millions 
of years those people got led to

1637
01:20:03,320 --> 01:20:04,480
the slaughter, right? 
So it's. 

1638
01:20:04,920 --> 01:20:07,560
I think it's prudent for us to 
be skeptical and protect 

1639
01:20:07,560 --> 01:20:11,680
ourselves. 
But pre I, I called the BB world

1640
01:20:11,840 --> 01:20:16,640
before Bitcoin, everything 
within the, the marketplace or 

1641
01:20:16,640 --> 01:20:19,480
within our, our, our, our 
reality was corruptible. 

1642
01:20:19,680 --> 01:20:23,520
Bitcoin is this the essentially 
it's essentially the discovery 

1643
01:20:23,520 --> 01:20:27,400
of incorruptibility, right? 
And so why people, and This is 

1644
01:20:27,400 --> 01:20:30,320
why I think a lot of the normies
or the boomers can't even wrap 

1645
01:20:30,320 --> 01:20:32,680
your mind or their minds around 
it where you're like, hey, look,

1646
01:20:32,920 --> 01:20:36,360
here's this, this, this monetary
instrument that's behind a wall 

1647
01:20:36,360 --> 01:20:38,520
of encrypted energy. 
Nobody can steal it from you. 

1648
01:20:38,520 --> 01:20:41,800
Nobody can censor it. 
I mean, even Ray Dalio's like, 

1649
01:20:42,040 --> 01:20:43,920
they'll shut it down. 
It's too good to be true. 

1650
01:20:44,080 --> 01:20:46,200
He's looking at it through the 
lens of the old world. 

1651
01:20:46,200 --> 01:20:48,760
As far as I'm concerned, we live
in a fundamentally different 

1652
01:20:48,760 --> 01:20:51,840
reality. 
Satoshi changed the fundamental 

1653
01:20:51,920 --> 01:20:55,400
fabric of this reality. 
And so you have an incorruptible

1654
01:20:55,400 --> 01:21:00,200
protocol, First off. 
Secondly, the government or the 

1655
01:21:00,400 --> 01:21:03,200
people, the citizens of the 
United States at the time that 

1656
01:21:03,200 --> 01:21:08,280
the 6102 went into effect, We're
aware that the certificates, the

1657
01:21:08,280 --> 01:21:11,720
dollars, the political currency 
units circulating within the 

1658
01:21:11,720 --> 01:21:14,920
economy were representative of 
gold. 

1659
01:21:14,920 --> 01:21:17,920
Gold was the underlying asset 
that the government help, the 

1660
01:21:17,920 --> 01:21:21,160
banking institutions help. 
So they went to the marketplace 

1661
01:21:21,160 --> 01:21:24,120
or the citizens and they said, 
hey, we need all this because of

1662
01:21:24,120 --> 01:21:27,840
national security. 
You need to let us buy this from

1663
01:21:27,840 --> 01:21:31,360
you because it's how we're going
to save our country from the 

1664
01:21:31,360 --> 01:21:34,320
other plundering nations who are
going to come here and blow you 

1665
01:21:34,320 --> 01:21:37,200
to motherfucking smithereens and
take all your shit. 

1666
01:21:37,640 --> 01:21:39,680
People are like, OK, I guess I 
have to do it. 

1667
01:21:39,680 --> 01:21:41,520
It's my duty. 
I like living the American 

1668
01:21:41,520 --> 01:21:42,960
dream. 
I want to continue to live in my

1669
01:21:42,960 --> 01:21:45,400
house. 
Well, we aren't on a dollar 

1670
01:21:45,400 --> 01:21:48,720
standard or a Bitcoin standard 
with dollars backed by Bitcoin. 

1671
01:21:48,920 --> 01:21:51,360
So how is it the government 
comes out and says, hey, we're 

1672
01:21:51,360 --> 01:21:54,200
going to ban this thing and then
you need to give it to us. 

1673
01:21:54,480 --> 01:21:57,440
So, but you need to give it to 
us so that we could then back 

1674
01:21:57,440 --> 01:21:59,680
the dollar with it. 
It's a flawed premise. 

1675
01:21:59,880 --> 01:22:03,160
Not to mention the fact that 
it's an auditable supply, though

1676
01:22:03,520 --> 01:22:06,800
you can see the interest. 
It's the same way that we go 

1677
01:22:06,800 --> 01:22:08,160
through mental gymnastics that 
you got. 

1678
01:22:08,160 --> 01:22:11,000
To get a shot in order to 
protect grandma, right that you 

1679
01:22:11,000 --> 01:22:13,080
got it. 
Like dude, here in Canada we 

1680
01:22:13,080 --> 01:22:16,360
don't have plastic straws. 
We don't use plastic bags 

1681
01:22:16,440 --> 01:22:19,680
because we got to save turtles. 
Bro, I live in Alberta, there is

1682
01:22:19,680 --> 01:22:24,000
no turtles for hundreds of miles
and I'm choking down my iced 

1683
01:22:24,000 --> 01:22:28,240
coffee with a paper straw in a 
plastic cup. 

1684
01:22:28,320 --> 01:22:28,880
I get it. 
It's. 

1685
01:22:29,720 --> 01:22:30,920
Give us, give us. 
Dude. 

1686
01:22:31,400 --> 01:22:33,960
Yeah, give us the Bitcoin so 
that we can protect your nation,

1687
01:22:34,160 --> 01:22:36,800
but then we're going to spend it
back into the marketplace where 

1688
01:22:36,800 --> 01:22:38,280
we're going to further debase 
the currency. 

1689
01:22:38,280 --> 01:22:40,760
And then you got Qatar just 
stacking sats, you got El 

1690
01:22:40,760 --> 01:22:42,680
Salvador becoming. 
That's the problem. 

1691
01:22:43,120 --> 01:22:45,400
But we live in a world where 
information. 

1692
01:22:45,400 --> 01:22:47,720
Passes that hyper. 
Rate and now I can send my 

1693
01:22:47,720 --> 01:22:50,920
Bitcoin and motherfucking 
cyberspace to the other side of 

1694
01:22:50,920 --> 01:22:53,880
the planet with with final 
settlement within 10 minutes, 

1695
01:22:54,440 --> 01:22:57,480
Taylor famously said. 
This Bitcoin can be gone in 10 

1696
01:22:57,480 --> 01:22:59,400
minutes. 
Armies can't move that fast. 

1697
01:22:59,600 --> 01:23:01,240
Only if it's in your custody 
dude. 

1698
01:23:01,280 --> 01:23:03,440
Not if it's in Coinbase. 
Not if it's in ETF. 

1699
01:23:03,760 --> 01:23:06,720
Well, do you think most of the 
bitcoins in custody? 

1700
01:23:06,920 --> 01:23:07,840
Yeah. 
What's the numbers like? 

1701
01:23:07,840 --> 01:23:10,120
70% of all bitcoins into 
custody? 

1702
01:23:10,120 --> 01:23:13,040
Let's play this back. 19.5 
million coins were were. 

1703
01:23:13,040 --> 01:23:16,160
Speculating or saying that 3.5, 
let's just call it 2.5 million 

1704
01:23:16,160 --> 01:23:19,280
coins are lost. 
We're down now to down to 17. 

1705
01:23:19,280 --> 01:23:22,120
Let's say with all the ETFs they
have a million coins. 

1706
01:23:22,480 --> 01:23:25,440
What is that? 
15,000,000 coins are held in the

1707
01:23:25,440 --> 01:23:29,960
hands of people across the 
world. 100% gotta love it for 

1708
01:23:30,000 --> 01:23:31,840
for sure. 
I just think it's improbable. 

1709
01:23:31,840 --> 01:23:35,840
It's and there and now mind you,
there are people within our 

1710
01:23:35,840 --> 01:23:39,040
government in the United States 
or governments across the world 

1711
01:23:39,040 --> 01:23:43,240
that are nationalistic that do 
have good good intentions. 

1712
01:23:43,400 --> 01:23:47,640
We all fall into this thought 
trap of everyone's evil trying 

1713
01:23:47,640 --> 01:23:51,040
to fuck us over. 
And that's not everybody within 

1714
01:23:51,040 --> 01:23:53,280
the system. 
And the worse it gets, the more 

1715
01:23:53,280 --> 01:23:55,960
of it, the more of a cry there 
is for the populace. 

1716
01:23:56,160 --> 01:23:59,160
That's why everybody in America 
is so fucking crazy over Trump. 

1717
01:23:59,160 --> 01:24:02,280
You're like, oh please, some 
orange guy who can come save us 

1718
01:24:02,600 --> 01:24:05,280
Bitcoin super. 
It's it's capital T truth. 

1719
01:24:05,560 --> 01:24:09,440
It is the IT is the money. 
It's supersedes all other laws 

1720
01:24:09,440 --> 01:24:12,240
before it. 
And if we didn't live in an era 

1721
01:24:12,400 --> 01:24:16,000
where information passed that 
hyper rate and if you didn't 

1722
01:24:16,000 --> 01:24:20,440
have an auditable supply and 
honest Ledger, I would be much 

1723
01:24:20,440 --> 01:24:23,440
more concerned or I would think 
it was more probable that we 

1724
01:24:23,440 --> 01:24:26,800
were in for a 61O2. 
I don't think it's a non zero 

1725
01:24:26,840 --> 01:24:28,640
chance. 
But the more and more I think 

1726
01:24:28,640 --> 01:24:31,720
about it, also being somebody 
who is quick to raise an 

1727
01:24:31,720 --> 01:24:35,000
eyebrow, my bitcoins in self 
custody, I am by no means 

1728
01:24:35,000 --> 01:24:37,880
advocating that anybody leave 
their Bitcoin on Coinbase. 

1729
01:24:38,080 --> 01:24:42,720
What I am advocating is, is take
the appropriate actions and then

1730
01:24:42,720 --> 01:24:44,520
don't live in a perpetual state 
of fear. 

1731
01:24:44,720 --> 01:24:47,600
Because living in that 
vibrational state of fear is 

1732
01:24:47,600 --> 01:24:49,840
kind of one of the strategies 
that you could say the 

1733
01:24:49,840 --> 01:24:53,600
plundering scumbag overlords 
need to continue to keep us in 

1734
01:24:53,600 --> 01:24:55,840
so that we're more susceptible 
to their thought and their 

1735
01:24:55,840 --> 01:24:58,200
bullshit. 
So take the appropriate actions 

1736
01:24:58,200 --> 01:24:59,840
and then don't live your life 
petrified. 

1737
01:24:59,840 --> 01:25:02,840
Because if let's say for 
example, you, we're all forward 

1738
01:25:02,840 --> 01:25:04,520
thinkers. 
If we have Bitcoin in self 

1739
01:25:04,520 --> 01:25:06,040
custody. 
Let's let's all get real. 

1740
01:25:06,480 --> 01:25:09,360
I'm going to take a vacation to 
somewhere that I think is safe. 

1741
01:25:09,680 --> 01:25:11,880
And my Bitcoin, I'm going to 
start, I'm going to memorize 12 

1742
01:25:11,880 --> 01:25:13,080
words. 
I'm going to put it into a 

1743
01:25:13,080 --> 01:25:14,520
fable. 
I'm going to teach my daughter, 

1744
01:25:14,520 --> 01:25:17,440
hey, here's this little story. 
If something happens to me, you 

1745
01:25:17,440 --> 01:25:20,360
got to remember this story so 
she can access the Bitcoin. 

1746
01:25:20,680 --> 01:25:24,760
It's auditable, it's invisible. 
It's it's, you can take it with 

1747
01:25:24,760 --> 01:25:26,120
you. 
You can self custody it. 

1748
01:25:26,120 --> 01:25:28,160
And then at the same time, they 
can't even prove you have it. 

1749
01:25:28,640 --> 01:25:32,600
And so I just think it's not 
very probable, but I am a 

1750
01:25:32,640 --> 01:25:35,920
proponent of insulating yourself
and protecting yourself against 

1751
01:25:35,920 --> 01:25:37,760
it. 
Just to be clear on that one. 

1752
01:25:37,880 --> 01:25:40,040
I think I think that's the exact
mindset. 

1753
01:25:40,040 --> 01:25:42,160
And like for. 
Anyone that's known me and 

1754
01:25:42,160 --> 01:25:46,000
talked and talked to me, they 
are fully aware I am not. 

1755
01:25:46,000 --> 01:25:50,400
Some live in a fear mindset. 
But the only way you can act 

1756
01:25:50,400 --> 01:25:52,960
like the only reason you have 
this perspective, the only 

1757
01:25:52,960 --> 01:25:55,800
reason you can sit there and 
even consider that it won't 

1758
01:25:55,800 --> 01:25:59,600
happen, is because your coins 
are in self custody already. 

1759
01:25:59,600 --> 01:26:01,280
Because you are already 
protected. 

1760
01:26:01,280 --> 01:26:03,640
You're already wearing your seat
belt, bro, right? 

1761
01:26:03,640 --> 01:26:06,040
You're not worried about your 
head smashing through the glass 

1762
01:26:06,200 --> 01:26:09,160
because you know it's physically
impossible for your head to get 

1763
01:26:09,160 --> 01:26:12,080
there in the state of collapse. 
We don't put our seat belts on 

1764
01:26:12,080 --> 01:26:14,200
because we think we're going to 
crash that day. 

1765
01:26:14,320 --> 01:26:17,600
We put our seat belts on because
in the unlikely event it might 

1766
01:26:17,600 --> 01:26:20,720
happen, our, our faces are not 
going to get smashed through the

1767
01:26:20,720 --> 01:26:22,840
glass. 
Taking your coins into self 

1768
01:26:22,840 --> 01:26:26,040
custody is the seat belt. 
And frankly, it's the seat belt 

1769
01:26:26,040 --> 01:26:29,200
against the 6102. 
There's like, like, you know, I 

1770
01:26:29,200 --> 01:26:31,960
think the days of the SPFS of 
the world are done right, 

1771
01:26:31,960 --> 01:26:34,520
hopefully with regulation and 
like people are just going to 

1772
01:26:34,520 --> 01:26:39,520
like actually use a platform 
that is disincentivized from 

1773
01:26:39,520 --> 01:26:41,560
stealing Bitcoin. 
Now there's only two things 

1774
01:26:41,560 --> 01:26:43,120
left. 
There's the honeypot and the 

1775
01:26:43,120 --> 01:26:46,440
6102 and, and I think those are 
still real realities. 

1776
01:26:46,440 --> 01:26:47,760
Bitcoin well bigger than coin 
base. 

1777
01:26:47,760 --> 01:26:49,440
Let's go. 
I think those are still the 

1778
01:26:49,440 --> 01:26:50,960
biggest realities on the planet 
earth. 

1779
01:26:51,160 --> 01:26:54,400
But I think that we if we, if we
as Bitcoiners, because keep in 

1780
01:26:54,400 --> 01:26:56,800
mind, man, you say information 
travels fast. 

1781
01:26:57,120 --> 01:26:59,960
It doesn't travel that fast. 
It travels fast in the small 

1782
01:26:59,960 --> 01:27:02,400
group. 
Maybe there's like 20-30 million

1783
01:27:02,400 --> 01:27:05,400
people in the world that 
actually pay attention to what's

1784
01:27:05,400 --> 01:27:07,560
happening in the, in the 
universe. 

1785
01:27:07,560 --> 01:27:12,160
Like, dude, if COVID showed us 
anything, it's that lies travel 

1786
01:27:12,160 --> 01:27:14,520
faster than truth. 
And whoever controls the 

1787
01:27:14,520 --> 01:27:17,720
narrative is who's going to 
control the people the second 

1788
01:27:17,720 --> 01:27:20,520
they say that Bitcoin is boiling
the oceans and that your Bitcoin

1789
01:27:20,520 --> 01:27:24,400
is causing war in Iran and that 
Bitcoin is causing, you know, 

1790
01:27:24,400 --> 01:27:27,680
your grandma to die of slow and 
painful death, that Bitcoin will

1791
01:27:27,680 --> 01:27:31,120
be gone because the majority of 
people don't fully understand. 

1792
01:27:31,120 --> 01:27:34,360
And I think that we're looking 
both ways before we cross the 

1793
01:27:34,360 --> 01:27:36,200
street. 
We're putting our seatbelts on. 

1794
01:27:36,400 --> 01:27:39,080
I'm not sitting here suggesting 
we grab our bunkers and our 

1795
01:27:39,080 --> 01:27:42,280
backpacks and, you know, our 
camel packs and ration food. 

1796
01:27:42,520 --> 01:27:45,520
I'm suggesting we take the 
appropriate steps to prevent 

1797
01:27:45,520 --> 01:27:49,040
against what has happened in the
past, what I believe is likely 

1798
01:27:49,040 --> 01:27:52,120
to happen in the future, if not 
for your sake and for your 

1799
01:27:52,120 --> 01:27:54,560
family's sake, because if your 
coins aren't in self custody. 

1800
01:27:54,560 --> 01:27:57,000
And this is where we're all 
going to line up and agree your 

1801
01:27:57,000 --> 01:27:59,720
coins aren't in self custody. 
You're exposed to somebody 

1802
01:27:59,720 --> 01:28:02,280
else's decisions. 
And frankly, somebody else's 

1803
01:28:02,280 --> 01:28:05,320
decisions are not what I want to
be exposed to. 

1804
01:28:06,840 --> 01:28:08,720
Definitely. 
Yeah, well. 

1805
01:28:08,720 --> 01:28:12,440
I will add one last thought to 
that before you you continue on 

1806
01:28:12,720 --> 01:28:14,960
conducting the show off. 
Yeah, yeah. 

1807
01:28:14,960 --> 01:28:18,000
Jump in, jump in. 
So as a commodity. 

1808
01:28:18,000 --> 01:28:18,920
Producer. 
Producing. 

1809
01:28:18,960 --> 01:28:22,280
A commodity that's going down 
denominate and dollar 

1810
01:28:22,280 --> 01:28:25,200
denominated value. 
You could say in some sense what

1811
01:28:25,200 --> 01:28:29,040
I've experienced on a micro 
level as an individual 

1812
01:28:29,040 --> 01:28:31,760
participating in the same 
marketplace that our banking 

1813
01:28:31,760 --> 01:28:34,880
system participates in. 
I've had dollar denominated wage

1814
01:28:34,880 --> 01:28:37,880
deflation and dollar denominated
inflation and cost of living. 

1815
01:28:38,080 --> 01:28:40,400
Well, as the government debases 
the currency, their cost of 

1816
01:28:40,400 --> 01:28:44,040
operating increases requiring 
more debasement. 

1817
01:28:44,040 --> 01:28:46,400
It's like they're proverbially 
shooting themselves in the 

1818
01:28:46,400 --> 01:28:50,400
fucking foot, right? 
However, for me as adopting a 

1819
01:28:50,400 --> 01:28:53,520
Bitcoin standard, and I consider
myself to be living on a Bitcoin

1820
01:28:53,520 --> 01:28:56,760
standard in a, in a, in a 
jurisdiction where I have a 

1821
01:28:56,760 --> 01:28:58,800
taxable event if I spend 
Bitcoin. 

1822
01:28:58,800 --> 01:29:01,880
So even though I earn in dollars
and I have to pay for my goods 

1823
01:29:01,880 --> 01:29:04,600
and services in dollars, I sweep
my surplus into Bitcoin. 

1824
01:29:04,600 --> 01:29:06,320
So you can say it's a quasi 
Bitcoin standard. 

1825
01:29:06,320 --> 01:29:08,440
I have a Bitcoin on my balance 
sheet. 

1826
01:29:08,440 --> 01:29:11,600
It's my treasury reserve asset. 
It's my only treasury reserve 

1827
01:29:11,600 --> 01:29:13,840
asset. 
Well, the appreciation that's 

1828
01:29:13,840 --> 01:29:19,000
taking place on my balance sheet
is so much that it's actually a,

1829
01:29:19,000 --> 01:29:23,760
it's a true hedge against my 
cost of living inflation on my 

1830
01:29:23,760 --> 01:29:26,840
PNL, right? 
My, my, my, my OpEx that you 

1831
01:29:26,840 --> 01:29:30,120
could say is my personal 
existence is increasing, but the

1832
01:29:30,120 --> 01:29:33,880
appreciation on my balance sheet
is appreciating so fast that I'm

1833
01:29:33,880 --> 01:29:37,160
still getting wealthier. 
Obviously us Bitcoin maximalists

1834
01:29:37,160 --> 01:29:42,960
understand that well, a bank is 
just comprised of a bunch of 

1835
01:29:42,960 --> 01:29:46,480
little me's or a bunch of 
businesses or individuals who 

1836
01:29:46,480 --> 01:29:49,280
have the same thing, right? 
And so it's basically a 

1837
01:29:49,280 --> 01:29:53,680
compilation of the same exact 
thing where the bank is holding 

1838
01:29:53,680 --> 01:29:57,560
things on its balance sheet and 
it has to it has APNL, so it's 

1839
01:29:57,560 --> 01:30:00,880
making money or it's losing 
money and it has assets that are

1840
01:30:01,160 --> 01:30:04,080
that are supporting it. 
The problem is, is that we live 

1841
01:30:04,080 --> 01:30:08,040
in a deflationary world and the 
value of the assets that are on 

1842
01:30:08,040 --> 01:30:11,760
the balance sheet of all these 
financial institutions in real 

1843
01:30:11,760 --> 01:30:15,640
terms is going down in value. 
It's going up in value in dollar

1844
01:30:15,640 --> 01:30:18,960
denominated terms, but in real 
terms there it's losing value, 

1845
01:30:20,160 --> 01:30:23,600
hence the need for a bailout. 
And every time there's a default

1846
01:30:23,600 --> 01:30:26,280
within the system, because it's 
a debt based Fiat monetary 

1847
01:30:26,280 --> 01:30:30,640
system, you have exponentially 
more liabilities within the 

1848
01:30:30,640 --> 01:30:34,320
system requiring exponentially 
more money printing to keep 

1849
01:30:34,320 --> 01:30:40,960
those things going up in value. 
And now, so if you have Bitcoin 

1850
01:30:40,960 --> 01:30:43,600
on the balance sheet of a bank, 
let's say, for example, let's 

1851
01:30:43,600 --> 01:30:44,960
just play the thought thread out
a little bit. 

1852
01:30:44,960 --> 01:30:48,480
Let's say for example, instead 
of 61 O2 in US, they roll out 

1853
01:30:48,480 --> 01:30:50,360
the orange carpet and they say, 
hey, we're going to start 

1854
01:30:50,360 --> 01:30:53,920
offering B locks. 
We'll do a 25% LTV against 

1855
01:30:53,920 --> 01:30:56,960
Bitcoin. 
You give us some of your Bitcoin

1856
01:30:56,960 --> 01:30:59,960
and we'll loan you some dollars 
at 25% of the value. 

1857
01:31:00,120 --> 01:31:02,360
In some sense, it is like 
selling your Bitcoin. 

1858
01:31:02,360 --> 01:31:05,320
You are, you are giving up 
possession of your Bitcoin to 

1859
01:31:05,320 --> 01:31:07,360
somebody else. 
If they're loaning you money, 

1860
01:31:07,360 --> 01:31:09,120
you're going to have some sort 
of debt you're going to have to 

1861
01:31:09,120 --> 01:31:12,880
service, but it's giving you the
potential to buy the debt back 

1862
01:31:13,000 --> 01:31:14,760
at whatever it was that you 
loaned it to them. 

1863
01:31:14,760 --> 01:31:17,040
Now the bank is. 
Well, for sure. 

1864
01:31:17,040 --> 01:31:18,640
Yeah. 
Once again, we are the 

1865
01:31:18,640 --> 01:31:21,320
descendants of people who are 
quick to raise an eyebrow, and I

1866
01:31:21,320 --> 01:31:28,560
respect your suspicious state of
being OK if they have a default.

1867
01:31:28,560 --> 01:31:31,800
But the asset on the balance 
sheet that's backing all the 

1868
01:31:31,800 --> 01:31:34,680
debt within the system is 
appreciated. 

1869
01:31:34,680 --> 01:31:37,440
And also now mind you, let's say
financial institutions in the 

1870
01:31:37,440 --> 01:31:41,120
states are doing this. 
Qatar is buying Bitcoin, someone

1871
01:31:41,120 --> 01:31:44,840
on the streets and fucking El 
Salvador is selling papoosas for

1872
01:31:44,840 --> 01:31:47,200
Bitcoin. 
So they're pumping the bags of 

1873
01:31:47,200 --> 01:31:50,440
the financial institutions that 
have Bitcoin on the balance 

1874
01:31:50,440 --> 01:31:55,200
sheet backing the debt. 
So in some crazy sense, and once

1875
01:31:55,200 --> 01:31:58,840
again, like in the famous words 
of Big Lebowski, that's this is 

1876
01:31:58,840 --> 01:32:02,520
just my opinion, man, right? 
The more I think about this, the

1877
01:32:02,520 --> 01:32:05,920
more I realize Bitcoin, not only
does it makes Bitcoin makes 

1878
01:32:05,920 --> 01:32:07,680
everything better, right? 
It fixes this. 

1879
01:32:07,680 --> 01:32:09,520
That's the same within the 
Bitcoin community. 

1880
01:32:09,760 --> 01:32:14,200
Bitcoin mixes Fiat and makes 
Fiat better at the same time. 

1881
01:32:14,200 --> 01:32:17,280
It makes it irrelevant, kills 
it, replaces it, etcetera, 

1882
01:32:17,280 --> 01:32:20,760
because it's supreme collateral 
in a debt based Fiat monetary 

1883
01:32:20,760 --> 01:32:23,800
paradigm where you have to 
continue to lend units into 

1884
01:32:23,800 --> 01:32:25,400
existence of debt against 
assets. 

1885
01:32:25,840 --> 01:32:28,240
It's the best asset in the 
marketplace. 

1886
01:32:28,440 --> 01:32:32,160
And so also, once again, it's 
auditable, but it's invisible. 

1887
01:32:32,160 --> 01:32:33,960
It's behind a wall of encrypted 
energy. 

1888
01:32:33,960 --> 01:32:35,840
How are you going to guess my 
fucking 12 words? 

1889
01:32:35,840 --> 01:32:37,560
You're not. 
How are you even going to prove 

1890
01:32:37,560 --> 01:32:41,000
that I have them in my brain? 
Elon's fucking brain reading 

1891
01:32:41,000 --> 01:32:43,880
technology isn't good enough to 
read my 12 words yet. 

1892
01:32:43,880 --> 01:32:45,760
Like, you don't. 
You can't even prove I have it. 

1893
01:32:46,120 --> 01:32:49,000
So I think the path of least 
resistance being that we live in

1894
01:32:49,040 --> 01:32:55,480
a physical world where it's 
energy in, energy out, is not to

1895
01:32:55,480 --> 01:32:57,680
61 O2. 
However, once again, to be 

1896
01:32:57,680 --> 01:33:00,920
clear, I am not a proponent of 
being lackadaisical. 

1897
01:33:01,080 --> 01:33:03,440
Are you kidding me? 
I fucking grow cannabis, dude. 

1898
01:33:03,640 --> 01:33:07,120
I'm a rebellious motherfucker 
dude by the way. 

1899
01:33:07,120 --> 01:33:08,960
It's a licensed form. 
I have to play the game. 

1900
01:33:08,960 --> 01:33:13,000
I don't want to live in a cage 
so I pay my taxes, I got a state

1901
01:33:13,000 --> 01:33:17,000
license, blah blah blah. 
I do it begrudgingly, but I am 

1902
01:33:17,000 --> 01:33:20,400
just an advocate of thinking 
logically and not just slipping 

1903
01:33:20,400 --> 01:33:23,280
into a fear based perspective 
based upon the fact that 

1904
01:33:23,280 --> 01:33:26,080
everything in known history was 
corruptible and we were trusting

1905
01:33:26,160 --> 01:33:28,640
people to keep it from being 
incorrupted. 

1906
01:33:28,640 --> 01:33:30,640
Now we have. 
Now all I got to trust for 

1907
01:33:30,640 --> 01:33:33,440
Bitcoin to work is that people 
are selfish and they're going to

1908
01:33:33,440 --> 01:33:35,840
serve their self-interest in the
beautiful thing with Bitcoin is,

1909
01:33:35,840 --> 01:33:38,560
is that it aligns the 
self-interest of the individual 

1910
01:33:38,560 --> 01:33:40,160
with the self-interest of the 
collective. 

1911
01:33:40,400 --> 01:33:43,800
And on a micro level, we have 
the same economic conundrum that

1912
01:33:43,800 --> 01:33:47,400
they do on a macro level. 
Banking bloodlines, nation 

1913
01:33:47,400 --> 01:33:50,360
states too big to fail, 
corporations, small 

1914
01:33:50,360 --> 01:33:53,840
corporations, mom and pops all 
the way down to the pupusa 

1915
01:33:53,840 --> 01:33:56,920
seller who barely fucking has 
anything living on the streets 

1916
01:33:56,920 --> 01:33:59,080
of El Salvador. 
We all have the same existential

1917
01:33:59,080 --> 01:34:01,560
crisis and that we want to be 
able to keep what we earn and we

1918
01:34:01,560 --> 01:34:03,520
don't want somebody to come in 
and kill us and take our shit. 

1919
01:34:04,040 --> 01:34:07,840
And so well, because of all of 
that, I just, the more I think 

1920
01:34:07,840 --> 01:34:11,160
about it, the more I realized, 
or at least I think once again, 

1921
01:34:11,160 --> 01:34:14,200
this is just my opinion, man, 
that it's not probable that they

1922
01:34:14,400 --> 01:34:17,720
attempt to steal the Bitcoin, 
especially considering that we 

1923
01:34:17,720 --> 01:34:21,200
have as much market to fight on 
a macro level as we do. 

1924
01:34:21,480 --> 01:34:23,720
It's invisible. 
You can't prove you have it. 

1925
01:34:26,320 --> 01:34:28,200
Yeah, I don't know. 
Anyway, that's that's what I 

1926
01:34:28,200 --> 01:34:30,360
think. 
Also lastly, I'll say I'm an 

1927
01:34:30,360 --> 01:34:32,960
advocate of take fucking self 
custody. 

1928
01:34:33,200 --> 01:34:37,520
Go into the world and assume 
that you're vulnerable because 

1929
01:34:37,680 --> 01:34:40,360
it's game theoretic. 
This is also why we're so broken

1930
01:34:40,360 --> 01:34:42,000
inside. 
We all know that if we're not 

1931
01:34:42,000 --> 01:34:45,680
liars, cheaters, and willing to 
kill and steal and fucking rent 

1932
01:34:45,680 --> 01:34:47,920
seek that we're out of 
disadvantage in the marketplace.

1933
01:34:48,160 --> 01:34:51,840
But humanity's default is to to 
do things consensually. 

1934
01:34:52,040 --> 01:34:55,200
We default to being kind and 
good to each other. 

1935
01:34:55,600 --> 01:34:59,000
And so to think too that the 
world that we live in today, our

1936
01:34:59,000 --> 01:35:02,680
civilization was built on a 
fucking technology of a yellow 

1937
01:35:02,680 --> 01:35:08,720
shiny rock is quite inspiring. 
We have a protocol perfectly 

1938
01:35:08,720 --> 01:35:10,480
engineered money. 
It's a living money. 

1939
01:35:10,480 --> 01:35:12,960
It's a freedom virus. 
It's metaphysical property. 

1940
01:35:12,960 --> 01:35:15,320
It's the hardest substance in 
the no motherfucking universe. 

1941
01:35:15,320 --> 01:35:18,680
We can build a civilization 
that's unimaginably beautiful. 

1942
01:35:18,920 --> 01:35:22,760
And I do think that the dumb, 
fucking sociopathic, evil doing 

1943
01:35:22,760 --> 01:35:25,640
scumbag politicians, we're going
to figure this stuff out. 

1944
01:35:25,640 --> 01:35:28,760
And the path of least resistance
to get the Bitcoin is to roll 

1945
01:35:28,760 --> 01:35:30,480
out the motherfucking orange 
carpet. 

1946
01:35:30,600 --> 01:35:33,600
I watched them do it to the 
cannabis community with brick, 

1947
01:35:33,600 --> 01:35:35,800
with greenhouses. 
You could see from fucking 

1948
01:35:35,800 --> 01:35:37,280
space. 
Instead of going around and 

1949
01:35:37,280 --> 01:35:38,520
being like, hey, we're going to 
punish you. 

1950
01:35:38,520 --> 01:35:40,200
We're going to find you. 
We're going to lock you guys up.

1951
01:35:40,200 --> 01:35:41,720
They're like, oh, you don't like
our rules? 

1952
01:35:41,720 --> 01:35:43,280
OK, cool. 
We'll just come back with more 

1953
01:35:43,280 --> 01:35:46,160
favorable rules. 
And so, in the famous words of 

1954
01:35:46,160 --> 01:35:50,320
Breedlove, Bitcoin makes 
government's beholden to the 

1955
01:35:50,320 --> 01:35:53,200
preferences of its citizens. 
That's what I think. 

1956
01:35:54,880 --> 01:35:58,000
All right, Adam, Adam, I'm 
venturing the guests that you. 

1957
01:35:58,000 --> 01:35:59,880
Might have to pop off in 4 
minutes right now. 

1958
01:36:00,600 --> 01:36:02,760
Do you have time? 
All right, let's, let's, let's 

1959
01:36:02,760 --> 01:36:06,160
give you last, last words and 
then we'll pop and do the meme 

1960
01:36:06,160 --> 01:36:08,360
review because everyone's gonna 
kill me if I don't do the meme 

1961
01:36:08,360 --> 01:36:09,680
reviews. 
So, Adam, you gotta get the 

1962
01:36:09,680 --> 01:36:11,840
memes. 
All I'm gonna say is last words.

1963
01:36:12,280 --> 01:36:14,240
I do. 
Not believe that cannabis got 

1964
01:36:14,240 --> 01:36:15,360
the orange. 
Carpet or. 

1965
01:36:15,360 --> 01:36:17,200
Probably the green carpet at 
there. 

1966
01:36:17,520 --> 01:36:19,600
You got more favorable rules, 
bro. 

1967
01:36:19,920 --> 01:36:23,080
I don't want rules. 
I don't want rulers, right? 

1968
01:36:23,320 --> 01:36:26,080
I don't want somebody else 
telling me what I can and cannot

1969
01:36:26,080 --> 01:36:28,880
do with my money that I what I 
can and cannot do. 

1970
01:36:28,880 --> 01:36:32,240
If they come in and regulate 
Bitcoin, it's going to look just

1971
01:36:32,240 --> 01:36:34,360
like the dollar but on some 
blockchain. 

1972
01:36:34,360 --> 01:36:37,480
And that's not what we want. 
We want a true free market. 

1973
01:36:37,480 --> 01:36:40,880
Cannabis is not a free market. 
Cannabis costs way too much to 

1974
01:36:40,880 --> 01:36:42,800
produce. 
It costs way too much for 

1975
01:36:42,800 --> 01:36:44,880
consumers. 
It can be way, way. 

1976
01:36:44,880 --> 01:36:47,840
Yo, Nico, it could be. 
By the way, bro, you're gone 

1977
01:36:47,840 --> 01:36:49,440
now. 
Opti and I just crushed. 

1978
01:36:49,440 --> 01:36:51,440
Yeah, we didn't. 
Haven't felt anymore. 

1979
01:36:52,720 --> 01:36:55,920
And and and I think I would. 
Hazard a guess that if the same 

1980
01:36:55,920 --> 01:37:00,680
happens to Bitcoin, it will be a
net detriment rather than a net.

1981
01:37:00,680 --> 01:37:03,600
You can't corrupt Bitcoin, you 
can only corrupt a layer on top 

1982
01:37:03,600 --> 01:37:05,400
of it, which. 
Is in turn corrupting yourself 

1983
01:37:05,440 --> 01:37:06,920
anything other than self 
custody. 

1984
01:37:07,680 --> 01:37:08,480
Yeah, yeah. 
So the main. 

1985
01:37:08,480 --> 01:37:10,840
Chain won't be corrupted I I 
firm 100%. 

1986
01:37:10,920 --> 01:37:13,560
Let's go hold on. 
So for this debate, Nico, we're.

1987
01:37:13,560 --> 01:37:15,840
Running long. 
We were debating and I got to 

1988
01:37:15,840 --> 01:37:19,560
give him some. 
Get cold motherfucking pork. 

1989
01:37:20,240 --> 01:37:22,640
All right, All right, Adam. 
Adam, pop off and I'll see you 

1990
01:37:22,640 --> 01:37:25,080
in an hour. 
And then thanks for coming on 

1991
01:37:25,080 --> 01:37:28,160
guys. 
Adam O'Brien, CEO, Bitcoinado. 

1992
01:37:28,760 --> 01:37:31,600
Thanks for Co hosting. 
Thanks for dunking on me three 

1993
01:37:31,600 --> 01:37:33,440
times. 
That's the new all time high, I 

1994
01:37:33,440 --> 01:37:35,800
think for a new Co host. 
I'll see you in a little bit, 

1995
01:37:35,800 --> 01:37:37,760
bro Appreciate it. 
We'll see you soon, Eric. 

1996
01:37:37,760 --> 01:37:39,480
Let's keep chatting on this. 
Let's do this again. 

1997
01:37:39,720 --> 01:37:41,640
Yeah, I look forward. 
To it, it was an honor, man, 

1998
01:37:42,080 --> 01:37:43,440
these guys. 
Later, dude. 

1999
01:37:43,800 --> 01:37:45,800
All right, boys. 
Well, Nico. 

2000
01:37:45,800 --> 01:37:47,040
We got to do it. 
We're going long. 

2001
01:37:47,040 --> 01:37:48,640
They're yelling at me, we're 
going to do meme review. 

2002
01:37:48,640 --> 01:37:50,960
So let's get into the meme 
review guys. 

2003
01:37:50,960 --> 01:37:52,440
I'm not going to call you this 
week. 

2004
01:37:52,520 --> 01:37:54,040
I just crashed this for a 
second. 

2005
01:37:54,240 --> 01:37:58,080
I just wanted to say happy 
having everyone streaming live 

2006
01:37:58,080 --> 01:38:03,240
from the West hotel in Nashville
and about to join the epic 

2007
01:38:03,240 --> 01:38:07,520
having live stream. 
Really excited for it and happy,

2008
01:38:07,880 --> 01:38:11,320
happy having everyone. 
The 5th epoch is coming up. 

2009
01:38:11,320 --> 01:38:14,080
I'm extremely excited for it. 
Buckle up. 

2010
01:38:14,800 --> 01:38:17,800
You know, Bitcoin is 
deterministic optimism. 

2011
01:38:18,240 --> 01:38:20,960
All you got to do is, you know, 
stack SAT stay humble, stay 

2012
01:38:20,960 --> 01:38:25,360
solvent and over time your life 
gets progressively better if 

2013
01:38:25,360 --> 01:38:28,640
you're on a Bitcoin standard. 
Anyways, love you all everyone 

2014
01:38:28,640 --> 01:38:31,680
have an amazing weekend and I'll
be back on Monday. 

2015
01:38:31,760 --> 01:38:36,520
Peace out, everybody. 
Let's go. 

2016
01:38:36,520 --> 01:38:39,080
All right guys. 
So in honor of the. 

2017
01:38:39,080 --> 01:38:45,880
Having we're going to give you a
meme review, all right, Opti's 

2018
01:38:45,880 --> 01:38:53,400
Friday meme review. 
Actually, actually actually 

2019
01:38:53,400 --> 01:38:58,720
before we do that, go to our 
website simplybitcoin.com wine 

2020
01:38:58,720 --> 01:39:01,800
officially announced like an 
hour before the show. 

2021
01:39:01,800 --> 01:39:04,680
We are going to give you guys 
21% off in honor of the having 

2022
01:39:04,680 --> 01:39:07,440
for 24 hours on the website. 
So if you've been thinking about

2023
01:39:07,440 --> 01:39:09,000
getting the merch, we're going 
to give you guys a having 

2024
01:39:09,000 --> 01:39:11,280
discount. 
So get over there head over 

2025
01:39:11,280 --> 01:39:12,880
there. 
I think the he's got some 

2026
01:39:12,880 --> 01:39:17,120
special web link URL, but I 
think if you just put having all

2027
01:39:17,120 --> 01:39:19,560
lower case for the discount, 
you'll get 21% off. 

2028
01:39:19,560 --> 01:39:21,040
We love you guys really 
appreciate it. 

2029
01:39:21,280 --> 01:39:24,120
All right, on that note, it's 
the main review guys. 

2030
01:39:24,120 --> 01:39:27,560
It's you already know the deal 
Tweets are the bullets meme 

2031
01:39:27,560 --> 01:39:29,760
Julia Chiller. 
You guys are the front line 

2032
01:39:29,760 --> 01:39:31,800
soldiers in this information 
war. 

2033
01:39:32,000 --> 01:39:35,200
Continue to get the calls of 
action out there for your 

2034
01:39:35,200 --> 01:39:36,880
friends and family. 
Continue to ridicule the 

2035
01:39:36,880 --> 01:39:39,560
corporate press, continue to 
ridicule the lizards out there 

2036
01:39:40,000 --> 01:39:43,000
and of course, make some funnies
so your friends head stay in the

2037
01:39:43,000 --> 01:39:44,960
game. 
And on that note, just at the 

2038
01:39:44,960 --> 01:39:47,480
Copernicus, he he was Mia last 
week. 

2039
01:39:47,480 --> 01:39:50,920
We missed him for a little bit. 
He was in the doghouse and off 

2040
01:39:50,920 --> 01:39:53,600
the gate he just comes up strong
and starts trolling me. 

2041
01:39:53,600 --> 01:39:57,360
So first and foremost, my boy 
Annie Rugg trolled me with a 

2042
01:39:57,360 --> 01:40:00,520
picture from the having party 
and he put a little pacifier in 

2043
01:40:00,520 --> 01:40:03,080
my mouth. 
This this guy just making me 

2044
01:40:03,080 --> 01:40:05,320
look bad out here. 
But hey, it's all it's all part 

2045
01:40:05,320 --> 01:40:06,600
of the game. 
It's all fun and games. 

2046
01:40:06,880 --> 01:40:10,520
Anyways, Copernicus goes. 
When your girlfriend and you 

2047
01:40:10,520 --> 01:40:13,040
have different interests, but 
you make it work anyway. 

2048
01:40:13,040 --> 01:40:17,080
True love, heart emoji, happy 
Bitcoin, having Opti and even 

2049
01:40:17,360 --> 01:40:19,520
Pat Christine Lagarde. 
Oh my God. 

2050
01:40:19,800 --> 01:40:21,800
All right. 
Anyways, here's a picture of me.

2051
01:40:21,800 --> 01:40:24,320
This is when we were on stage in
El Salvador. 

2052
01:40:24,720 --> 01:40:28,000
Christine Lagarde sitting on my 
lap and he goes Chrissy Chrissy 

2053
01:40:28,000 --> 01:40:30,520
says tell me more about this 
Bitcoin having my sweet 

2054
01:40:30,520 --> 01:40:36,280
grandchild and Hopty go Google 
Gaga 3.125 sucks on pacifier 

2055
01:40:36,280 --> 01:40:38,920
harder. 
Oh my God, you guys are crazy 

2056
01:40:38,920 --> 01:40:41,040
out here. 
All right, next one is not that 

2057
01:40:41,040 --> 01:40:43,320
Elon at eggplant under score 
Elon. 

2058
01:40:43,320 --> 01:40:45,880
He goes good morning. 
So if you guys saw, if you guys 

2059
01:40:45,880 --> 01:40:48,720
on the interwebs, there's a 
picture of Tiger Woods looking 

2060
01:40:48,720 --> 01:40:51,680
seemingly shaking hands with a 
tree. 

2061
01:40:51,680 --> 01:40:55,240
You know, Tiger shaking hands 
with wood and Tiger Woods. 

2062
01:40:55,240 --> 01:40:58,240
It goes me and then the tree 
goes the person who just sold me

2063
01:40:58,240 --> 01:41:00,720
BTC at 61 K. 
What do you guys doing selling 

2064
01:41:00,720 --> 01:41:04,200
your Bitcoin? 
Like you guys will never learn 

2065
01:41:04,200 --> 01:41:05,880
until you put your hand on the 
stove. 

2066
01:41:05,960 --> 01:41:08,920
And on that note, we got Huddle 
Cat 21 and he's just got the 

2067
01:41:08,960 --> 01:41:12,360
eyes and we got a cat here, you 
know, sleeping soundly and, and 

2068
01:41:12,360 --> 01:41:16,680
in bed and his bitcoins in cold 
storage and, you know, all the 

2069
01:41:16,680 --> 01:41:17,880
crazy things going on in the 
world. 

2070
01:41:18,040 --> 01:41:21,640
Like, imagine if we were a 
little more prehistoric here, if

2071
01:41:21,640 --> 01:41:24,760
we were a little more, you know,
superstitious. 

2072
01:41:25,000 --> 01:41:27,520
All the things happening in the 
world right now might be 

2073
01:41:27,520 --> 01:41:30,600
seemingly calling for an 
apocalypse, but all those 

2074
01:41:30,600 --> 01:41:32,640
Bitcoiners don't care. 
So we have a cat here sleeping 

2075
01:41:32,640 --> 01:41:35,000
that goes, there's an 
earthquake, you know, World War 

2076
01:41:35,000 --> 01:41:37,440
three's on the horizon and 
there's a tsunami. 

2077
01:41:37,440 --> 01:41:41,000
And then then nothing even fazes
us, but what faces us is the 

2078
01:41:41,000 --> 01:41:43,160
Bitcoin dip. 
And the cat finally wakes up. 

2079
01:41:43,160 --> 01:41:45,080
This is every single one of us 
Bitcoiners. 

2080
01:41:45,320 --> 01:41:47,600
And then my boy rope, just with 
the Soon TM. 

2081
01:41:47,600 --> 01:41:50,480
This is a classic meme. 
You know, the car swerving off 

2082
01:41:50,480 --> 01:41:54,200
the off ramp onto a new road. 
And as we're going to see 

2083
01:41:54,200 --> 01:41:57,920
tonight, no longer the block 
subsidy is going to be 6 point. 

2084
01:41:58,120 --> 01:42:01,320
It's actually 6.25 rope, but you
know, you're bad at memes, but 

2085
01:42:01,320 --> 01:42:02,720
hey, we're not going to hold you
to that. 

2086
01:42:02,720 --> 01:42:09,160
So 6.25 Nope, we are cutting 
block subsidy in half to 3.125 

2087
01:42:09,160 --> 01:42:11,520
This it's beautiful man. 
Bitcoin is working exactly as 

2088
01:42:11,520 --> 01:42:13,080
design. 
And then it's next one. 

2089
01:42:13,320 --> 01:42:15,800
I don't, I don't know if this 
guy's a shit corner, but I I 

2090
01:42:15,800 --> 01:42:19,000
really like this meme. 
So this is doctor shit coin PhD 

2091
01:42:19,200 --> 01:42:23,120
and he goes and in two days God 
will say let their behalf and it

2092
01:42:23,120 --> 01:42:26,040
will be so and the price of 
Bitcoin will go ape ship and ape

2093
01:42:26,040 --> 01:42:27,760
ship and many Pleds will become 
rich. 

2094
01:42:28,040 --> 01:42:30,400
Amen. 
And we got, you know, the the 

2095
01:42:30,400 --> 01:42:33,080
frog God with the Bitcoin logos 
in his hand. 

2096
01:42:33,800 --> 01:42:35,520
Oh, man, just you just love 
Bitcoin. 

2097
01:42:35,520 --> 01:42:37,960
It's absolutely incredible. 
All right, next one is Robin 

2098
01:42:37,960 --> 01:42:41,280
Sayer and he goes, Bitcoin 
changes you classic meme here, 

2099
01:42:41,280 --> 01:42:43,680
you know, got Brad Pitt looking 
all clean cut and he goes, babe,

2100
01:42:43,680 --> 01:42:46,040
we're going to be so wealthy. 
And this is Bitcoin day one. 

2101
01:42:46,360 --> 01:42:50,240
And then Bitcoin day 1213. 
You are the beat up version of 

2102
01:42:50,240 --> 01:42:53,160
Brad Pitt and Fight Club. 
And he goes, fuck Fiat, the Fed,

2103
01:42:53,280 --> 01:42:55,800
the banks and the government. 
I'm buying more. 

2104
01:42:55,920 --> 01:42:57,840
I am buying more. 
I'm never leaving. 

2105
01:42:58,200 --> 01:43:00,880
And then this last one, you 
know, we dunked on Peter Schiff 

2106
01:43:00,880 --> 01:43:02,840
a couple times today or rather 
this week. 

2107
01:43:03,840 --> 01:43:05,440
And sometimes memes are just 
screenshots. 

2108
01:43:05,440 --> 01:43:07,160
Sometimes the memes just write 
themselves. 

2109
01:43:07,520 --> 01:43:11,640
And you couldn't make this up 
like Peter Schiff, He's he's 

2110
01:43:11,640 --> 01:43:14,280
such good K fob. 
He's literally he's literally 

2111
01:43:14,280 --> 01:43:16,360
WWE out here. 
Anyways, Ben Kauffman goes, 

2112
01:43:16,360 --> 01:43:19,440
Peter, if you buy Bitcoin, 
you're going to lose 100% of 

2113
01:43:19,440 --> 01:43:22,160
your investment. 
And then also Peter, and we got 

2114
01:43:22,160 --> 01:43:24,680
a screenshot here of Mcgoo and 
he goes, make sure to mention 

2115
01:43:24,680 --> 01:43:27,840
100% of your bank clients lost 
100% of their deposits. 

2116
01:43:27,840 --> 01:43:30,480
And Peter Schiff goes, oh, for 
now, they just lost access to 

2117
01:43:30,480 --> 01:43:32,760
100% of their money. 
But that's not my fault, bro. 

2118
01:43:32,760 --> 01:43:34,920
You can blame the media and the 
government for that, bro. 

2119
01:43:34,920 --> 01:43:37,120
That ain't my fault, bro. 
Oh my God. 

2120
01:43:37,120 --> 01:43:41,480
This is why we Bitcoin. 
You cannot steal our Bitcoin. 

2121
01:43:43,800 --> 01:43:48,400
You know morale will not improve
until self custody improves. 

2122
01:43:48,440 --> 01:43:50,320
All right, guys, drop your meme 
review score in the chat. 

2123
01:43:50,320 --> 01:43:52,960
We will cover ours live. 
I'll go first. 

2124
01:43:52,960 --> 01:43:57,040
Since I got mine, I'm going to 
do this Bitcoin well mug that I 

2125
01:43:57,040 --> 01:44:00,720
stole from Bitlock Boom off the 
desk. 

2126
01:44:00,720 --> 01:44:03,360
It's becoming my my daily coffee
driver. 

2127
01:44:03,800 --> 01:44:05,920
All right, Eric, what is your 
meme review score? 

2128
01:44:08,560 --> 01:44:10,680
I give it a 10. 
Out of 10 today, I think. 

2129
01:44:10,760 --> 01:44:12,080
I think our memes were really 
good. 

2130
01:44:12,080 --> 01:44:14,440
I think ropes mean his math is 
wrong. 

2131
01:44:14,440 --> 01:44:17,320
But here's the beauty of it. 
Bitcoins right doesn't matter 

2132
01:44:17,320 --> 01:44:21,080
Bitcoin's right, so we could be 
wrong, you know let's go and and

2133
01:44:21,080 --> 01:44:23,800
you know in honor of. 
Adam and his. 

2134
01:44:23,800 --> 01:44:28,280
Sincere skepticism. 
Which skepticism? 

2135
01:44:28,720 --> 01:44:31,800
Yeah, Which I'm a. 
Major advocate. 

2136
01:44:31,920 --> 01:44:34,520
Of you don't want to trust, you 
don't want to trust in anything,

2137
01:44:34,520 --> 01:44:37,160
but there's someone's ability to
serve their self-interest, 

2138
01:44:37,200 --> 01:44:40,640
including their ability to lie 
to you to do so, right. 

2139
01:44:41,040 --> 01:44:46,280
So actually, I will say I think 
Peter Schiff is fucking lying. 

2140
01:44:46,280 --> 01:44:48,800
I think he fully understands 
Bitcoin. 

2141
01:44:48,800 --> 01:44:52,800
He's the biggest troll ever. 
Someone's paying him. 

2142
01:44:52,800 --> 01:44:56,680
JP Morgan Chase is laundering 
some money into Peter Schiff's 

2143
01:44:56,680 --> 01:45:00,000
bank account to get him to go 
out and say a bunch of dumb shit

2144
01:45:00,000 --> 01:45:03,960
about Bitcoin. 
This guy, he cannot understand 

2145
01:45:03,960 --> 01:45:06,760
all of the things that he has 
been speaking to for the last 

2146
01:45:06,760 --> 01:45:12,240
decade as his hard money theory,
his his basis in the economic 

2147
01:45:12,520 --> 01:45:15,200
school or Austrian economic 
school of thought. 

2148
01:45:15,600 --> 01:45:18,600
All everything is in alignment 
with Bitcoin. 

2149
01:45:18,600 --> 01:45:20,600
But he's saying in a bunch of 
dumb shit about Bitcoin. 

2150
01:45:20,640 --> 01:45:23,640
It's the biggest fucking it's so
much bullshit. 

2151
01:45:24,040 --> 01:45:25,160
You. 
You know how? 

2152
01:45:25,760 --> 01:45:27,000
Yeah. 
You know how I knew? 

2153
01:45:27,000 --> 01:45:30,480
He was lying is when his son 
came out as a bitcoiner and they

2154
01:45:30,480 --> 01:45:32,320
were just like tag teaming on 
Twitter. 

2155
01:45:32,320 --> 01:45:35,840
I'm like, oh, now, now the jig 
is up, but yet people still fall

2156
01:45:35,840 --> 01:45:37,880
for it. 
You could see the look on his 

2157
01:45:37,880 --> 01:45:39,200
face. 
He knows it too. 

2158
01:45:39,280 --> 01:45:41,320
He. 
Fucking knows he's being, it's 

2159
01:45:41,320 --> 01:45:44,360
like he has that little shitty 
Ding grin, you know. 

2160
01:45:44,360 --> 01:45:47,160
And once again, though, people 
serve their self-interest. 

2161
01:45:47,160 --> 01:45:49,240
Most people are ethical and 
honest, right? 

2162
01:45:49,240 --> 01:45:52,520
But we're, we have to contend in
the marketplace or world or 

2163
01:45:52,520 --> 01:45:55,360
reality or whatever you want to 
call it with people who aren't 

2164
01:45:55,360 --> 01:45:58,520
ethical and honest. 
And that means, though, that 

2165
01:45:58,520 --> 01:46:01,440
you're at a game theoretic 
disadvantage if you're not 

2166
01:46:01,440 --> 01:46:06,600
willing to participate in that 
scumbaggery in the BB world, you

2167
01:46:06,600 --> 01:46:10,640
were out of at a disadvantage, 
but now you can protect yourself

2168
01:46:10,640 --> 01:46:12,800
in a way that has never been 
possible in all of human 

2169
01:46:12,800 --> 01:46:15,360
history. 
So yeah, I think Peter Schiff is

2170
01:46:15,360 --> 01:46:18,920
lying. 
I say once again, I've expressed

2171
01:46:18,920 --> 01:46:22,080
some opinions that may be very 
controversial within the 

2172
01:46:22,080 --> 01:46:24,280
hardcore Bitcoin maximalist 
space. 

2173
01:46:24,480 --> 01:46:28,640
I am not an advocate of you 
leaving your Bitcoin on an 

2174
01:46:28,640 --> 01:46:31,120
exchange. 
I'm not an advocate of you 

2175
01:46:31,120 --> 01:46:34,680
giving up your Bitcoin to borrow
some shitty Fiat. 

2176
01:46:34,960 --> 01:46:39,240
I am not an advocate if you 
believe in JP Morgan Chase or or

2177
01:46:39,240 --> 01:46:42,280
JP or Jamie Dimon or Peter, any 
of that stuff. 

2178
01:46:42,320 --> 01:46:45,080
I I suggest that you remain 
vigilant. 

2179
01:46:45,240 --> 01:46:48,000
You protect yourself and 
insulate yourself from the 

2180
01:46:48,000 --> 01:46:50,800
atrocities in the dishonored 
Esteed taking place in the 

2181
01:46:50,800 --> 01:46:53,440
world. 
But once you've done everything 

2182
01:46:53,440 --> 01:46:56,080
that you can do, and I don't 
know if there's anything more 

2183
01:46:56,080 --> 01:46:59,840
powerful and revolutionary and 
so on that you could do than to 

2184
01:46:59,840 --> 01:47:04,520
buy Bitcoin, sell all your 
shitty dude in the sell all your

2185
01:47:04,520 --> 01:47:07,400
shitty assets, buy Bitcoin, put 
it into self custody and then 

2186
01:47:07,400 --> 01:47:10,320
sleep good at night, right? 
You know, when in cannabis, in 

2187
01:47:10,320 --> 01:47:14,200
the honor of it's 4:20 tomorrow,
it's going to be 420 in some 

2188
01:47:14,200 --> 01:47:17,160
places on planet Earth where the
halving takes place. 

2189
01:47:17,520 --> 01:47:21,040
And in honor of 420 in cannabis,
I'll say this. 

2190
01:47:22,320 --> 01:47:25,400
High grade cannabis is referred 
to as a bunch of different 

2191
01:47:25,400 --> 01:47:28,800
things. 
AAA, top shelf, chronic, 

2192
01:47:29,720 --> 01:47:31,760
whatever, right? 
Gas, blah blah blah. 

2193
01:47:32,120 --> 01:47:34,680
In. 
Mid grade cannabis, especially 

2194
01:47:34,680 --> 01:47:37,760
amongst the producers, is 
referred to as boof. 

2195
01:47:37,960 --> 01:47:43,840
It's fucking boofy ass mid right
All assets that people are 

2196
01:47:44,000 --> 01:47:46,800
saving. 
Are fucking boof your real 

2197
01:47:46,800 --> 01:47:49,440
estate? 
Is mids as fuck? 

2198
01:47:49,440 --> 01:47:53,480
Dude it's physical shitty 
physical stuff. 

2199
01:47:53,720 --> 01:47:57,280
Look at a house that's 40. 
Why is it that a house that's 50

2200
01:47:57,280 --> 01:48:00,560
years old that's all shitty that
has to be remodeled? 

2201
01:48:00,560 --> 01:48:02,760
You got to put a new roof on it,
you got to paint it. 

2202
01:48:02,840 --> 01:48:05,240
It's entropy. 
The physical world is trying to 

2203
01:48:05,240 --> 01:48:08,000
devour it. 
And pre pick one you could say 

2204
01:48:08,000 --> 01:48:12,000
on a Fiat monetary standard real
estate was a good strategy. 

2205
01:48:12,160 --> 01:48:16,360
But a sailor is famously said 
all your models are destroyed, 

2206
01:48:16,520 --> 01:48:20,560
why on earth would you sell the 
winner to buy the loser? 

2207
01:48:20,560 --> 01:48:22,680
Blah blah blah etcetera 
etcetera. 

2208
01:48:22,680 --> 01:48:26,920
So anything other than Bitcoin 
to save your monetary energy, 

2209
01:48:26,920 --> 01:48:30,040
your life force, whatever you 
want to call it is fucking boof.

2210
01:48:30,240 --> 01:48:34,680
Mids as fuck dude. 
Everything but Bitcoin is mid 

2211
01:48:34,680 --> 01:48:35,760
your gold. 
'S mid. 

2212
01:48:35,760 --> 01:48:39,360
Your real estate's mid. 
Your stocks is mid stack 

2213
01:48:39,360 --> 01:48:41,800
Bitcoin. 
There is no second best, Yeah, 

2214
01:48:41,800 --> 01:48:44,280
and maybe having mids is good 
for some people, you know what I

2215
01:48:44,280 --> 01:48:46,520
mean? 
But yeah, some people don't like

2216
01:48:46,520 --> 01:48:49,560
quality, apparently, right? 
It's a quality. 

2217
01:48:49,560 --> 01:48:52,840
Larry Fink said it. 
It's a oh, love it, love it. 

2218
01:48:52,840 --> 01:48:54,640
All right, guys, let's get to 
some of these scores. 

2219
01:48:54,640 --> 01:48:58,920
You already know the deal, all 
right, boys and girls 1st. 

2220
01:48:58,920 --> 01:49:02,040
One opti we're so. 
Backfield score when I tell my 

2221
01:49:02,040 --> 01:49:05,760
wife she's not getting a single 
sat of our Bitcoin until I die 

2222
01:49:05,760 --> 01:49:09,200
and she says no problem and then
proceeds to refuse to cook until

2223
01:49:09,200 --> 01:49:13,000
I die of starvation. 
Learn to cook, be unstarvable. 

2224
01:49:13,160 --> 01:49:16,600
Yes, highly recommend this. 
OK next one tore up hotto. 

2225
01:49:16,600 --> 01:49:19,800
He goes meme score a Peony lane 
bottle of Satoshi reserve. 

2226
01:49:19,800 --> 01:49:23,960
There you go Elaine Lowell Score
Half is half, less is more. 

2227
01:49:23,960 --> 01:49:26,520
Bitcoin is beauty Fiat is a 
whore. 

2228
01:49:26,800 --> 01:49:31,680
OK senor gringo Poppy goes 12 
out of 10 Let's go BTC believer 

2229
01:49:31,680 --> 01:49:34,920
goes score three seed plates 
bought at half the price. 

2230
01:49:35,280 --> 01:49:38,120
Love it love it. 
Let's see a couple more a couple

2231
01:49:38,120 --> 01:49:42,280
more sacks sat wise Jinx goes. 
I give these memes my third 

2232
01:49:42,280 --> 01:49:45,400
Bitcoin having and facts on 
Peter Schiff being a troll. 

2233
01:49:45,640 --> 01:49:49,520
Facts guys do not fall for the 
the trolliness of Peter Schiff. 

2234
01:49:49,920 --> 01:49:57,680
Let's see, is there, I think all
right, whatever, whatever we 

2235
01:49:57,680 --> 01:49:59,280
didn't run. 
Out of scores, guys. 

2236
01:49:59,440 --> 01:50:01,480
The buzzer tape, The buzzer 
tape. 

2237
01:50:02,080 --> 01:50:03,520
All right, man. 
Oh, wait, we got one more. 

2238
01:50:03,520 --> 01:50:07,520
We got one more Winekas score. 
Buying a bag of regs from Opti 

2239
01:50:07,520 --> 01:50:13,080
for 4/20. 6 All right, all 
right, all right, Well, guys. 

2240
01:50:14,040 --> 01:50:15,840
Thank you for watching. 
We appreciate you guys. 

2241
01:50:15,840 --> 01:50:18,600
If you like the show, of course,
like subscribe, share the 

2242
01:50:18,600 --> 01:50:20,320
signal. 
We went a little long for the 

2243
01:50:20,320 --> 01:50:22,320
halving today. 
We had a great debate on this. 

2244
01:50:22,320 --> 01:50:24,960
But on that note, Eric, where 
can people find you? 

2245
01:50:24,960 --> 01:50:26,280
What do you want to push people 
towards? 

2246
01:50:27,080 --> 01:50:29,680
Yeah, I'm on. 
I'm on X Eric. 

2247
01:50:29,680 --> 01:50:34,840
V Stacks I post videos talking 
about the long term 

2248
01:50:34,840 --> 01:50:39,080
philosophical on societal 
implications of Bitcoin, some 

2249
01:50:39,080 --> 01:50:41,760
bright orange future. 
You know, I, I, I say it all the

2250
01:50:41,760 --> 01:50:43,440
time. 
I'm super pumped, I'm super 

2251
01:50:43,440 --> 01:50:46,520
grateful. 
And the reality is, is that, you

2252
01:50:46,520 --> 01:50:48,480
know, there are times where I 
get a little bit concerned, you 

2253
01:50:48,480 --> 01:50:51,120
know, I, that I'm going to wake 
up into my old nightmare of a 

2254
01:50:51,120 --> 01:50:55,920
life pre 2009, the BB world 
where everything that we had was

2255
01:50:56,040 --> 01:50:59,640
was corruptible, violable. 
And you know, we, we lived in a 

2256
01:50:59,840 --> 01:51:03,920
fundamentally dishonest, corrupt
system. 

2257
01:51:04,600 --> 01:51:07,960
And as far as I can tell, the 
fabric of our reality has 

2258
01:51:07,960 --> 01:51:10,080
changed. 
You know, sailor, Sailor, I love

2259
01:51:10,080 --> 01:51:11,720
so many other things Sailor has 
said. 

2260
01:51:11,960 --> 01:51:16,160
Satoshi opened a portal and he 
brought life to a dead realm. 

2261
01:51:16,400 --> 01:51:19,320
He merged the physical world in 
the metaphysical world, you 

2262
01:51:19,320 --> 01:51:22,520
know, and, and information has 
been flowing through cyberspace 

2263
01:51:22,520 --> 01:51:26,360
at hyper rate and now we have 
the ability to send value or 

2264
01:51:26,360 --> 01:51:29,600
economic energy through 
cyberspace to somebody. 

2265
01:51:29,600 --> 01:51:31,480
We've solved the double spend 
problem. 

2266
01:51:32,040 --> 01:51:35,560
It's humanity's masterpiece. 
Satoshi took all of these these 

2267
01:51:35,560 --> 01:51:38,880
independent things that had been
created by other people or 

2268
01:51:38,880 --> 01:51:40,880
whatever, and he merged them all
together. 

2269
01:51:40,880 --> 01:51:44,040
And, you know, it changes 
everything, as far as I can 

2270
01:51:44,040 --> 01:51:45,680
tell. 
It makes it literally, it fixes 

2271
01:51:45,880 --> 01:51:49,520
and all roads lead to Bitcoin. 
It fixes so much of our world. 

2272
01:51:49,760 --> 01:51:53,160
Everything that that we could 
ever do strengthens Bitcoin. 

2273
01:51:53,400 --> 01:51:55,760
If the government's try to 
attack it, it strengthens it. 

2274
01:51:55,760 --> 01:51:58,480
You can't ban Bitcoin. 
You can only ban yourself from 

2275
01:51:58,480 --> 01:52:01,600
it, you know. 
And so, yeah, I don't know. 

2276
01:52:01,600 --> 01:52:03,000
I'm pumped, man. 
I'm pumped. 

2277
01:52:03,000 --> 01:52:08,040
It's a it's a new, new era we 
got we get to watch now what is 

2278
01:52:08,040 --> 01:52:09,200
it? 
It's the hardest asset in the 

2279
01:52:09,200 --> 01:52:11,440
marketplace now because of the 
stock to flow because of this 

2280
01:52:11,440 --> 01:52:14,800
happened undeniably special, 
special. 

2281
01:52:14,800 --> 01:52:18,760
Thing and I will say lastly. 
I don't know if we could live in

2282
01:52:18,760 --> 01:52:22,840
a more beautiful time. 
We get the we get the privilege 

2283
01:52:22,840 --> 01:52:27,520
of getting to see what the world
was like before Bitcoin and now 

2284
01:52:27,520 --> 01:52:29,400
after Bitcoin. 
And that's a special thing. 

2285
01:52:29,840 --> 01:52:32,040
And so, yeah, pumped and 
grateful. 

2286
01:52:32,480 --> 01:52:36,040
All right, Eric. 
Well, thank you for showing up 

2287
01:52:36,040 --> 01:52:37,240
today. 
We'll have to. 

2288
01:52:37,240 --> 01:52:39,600
Keep bringing you on. 
People seem to love the signal 

2289
01:52:39,600 --> 01:52:41,560
you're spreading, so we'll keep 
bringing you on, bro. 

2290
01:52:41,560 --> 01:52:43,960
We'll keep bringing you on. 
Thanks for having me anyways, 

2291
01:52:43,960 --> 01:52:45,480
bro. 
Hang out behind the scenes. 

2292
01:52:45,480 --> 01:52:47,720
For a moment while I'll wrap. 
This one up all right, boys and 

2293
01:52:47,720 --> 01:52:50,720
girls. 
Mainly boys, but some girls. 

2294
01:52:51,360 --> 01:52:53,080
Thanks for showing up today. 
Happy having. 

2295
01:52:53,080 --> 01:52:55,960
I hope you guys have a good 
weekend again, like share, 

2296
01:52:55,960 --> 01:52:58,400
subscribe, all that good stuff. 
Come back on Monday. 

2297
01:52:58,400 --> 01:53:01,880
We will be back to our normally 
regular scheduled programming 

2298
01:53:01,880 --> 01:53:06,160
with Nico and man celebrate. 
It's a celebration. 

2299
01:53:06,440 --> 01:53:09,520
This is why we are bitcoiners. 
This is why we do what we do. 

2300
01:53:09,520 --> 01:53:13,720
As Eric and Adam and I were 
saying on today's show, after 

2301
01:53:13,720 --> 01:53:16,960
today, Bitcoin will be 
undeniably the hardest, 

2302
01:53:17,280 --> 01:53:19,360
soundest, most secure money in 
the world. 

2303
01:53:19,360 --> 01:53:22,360
You need to get off 0. 
If you just happen to fall into 

2304
01:53:22,360 --> 01:53:25,920
this video by chance and you 
watch all the way through, you 

2305
01:53:25,920 --> 01:53:30,400
need to be saving in Bitcoin. 
Everything else is mid. 

2306
01:53:30,400 --> 01:53:33,600
Every other store of value is 
mad mid. 

2307
01:53:33,600 --> 01:53:35,920
Guys, you want to get that top 
shelf Bitcoin? 

2308
01:53:35,920 --> 01:53:38,960
This is the best asset, period. 
There is no second best. 

2309
01:53:39,200 --> 01:53:42,320
We love you guys. 
We'll see you in the 5th epoch 

2310
01:53:42,320 --> 01:53:45,080
on Monday. 
Peace out guys, it's been a fun 

2311
01:53:45,080 --> 01:53:46,720
ride and it's only going to get 
better. 

2312
01:53:46,760 --> 01:53:50,560
On that note, it's your boy Opti
and I'll see you on Monday later

2313
01:53:50,560 --> 01:53:54,280
guys. 
This episode was brought. 

2314
01:53:54,280 --> 01:53:58,640
To you by bitcoinwell.com on a 
mission to enable independence.