1 00:00:02,920 --> 00:00:05,920 It's all. Going to zero against Bitcoin. 2 00:00:06,520 --> 00:00:08,039 It's going on. Forever you're. 3 00:00:15,480 --> 00:00:17,560 Against Bitcoin, you're against freedom. 4 00:00:22,800 --> 00:00:24,920 Yeah, welcome to simply Bitcoin live, your number one source for 5 00:00:24,920 --> 00:00:27,200 the peaceful Bitcoin revolution. Car breaking news culture, 6 00:00:27,200 --> 00:00:30,000 dramatic warfare will be your guide through the separation of 7 00:00:30,000 --> 00:00:33,320 money in state. Ladies and gentlemen, Opti is 8 00:00:33,320 --> 00:00:38,320 with me in the flesh here in Miami and we are getting ready 9 00:00:38,320 --> 00:00:42,160 for the mining disrupt conference, which we're going to 10 00:00:42,160 --> 00:00:45,240 be officially live streaming from the simply Bitcoin channel. 11 00:00:45,400 --> 00:00:49,120 So we are going to be taking a couple days off like if we can 12 00:00:49,120 --> 00:00:52,160 do the show on the floor while the conference is happening, 13 00:00:52,600 --> 00:00:54,880 we'll be doing the show Tuesday and Wednesday. 14 00:00:54,880 --> 00:00:57,400 I don't know. I still we have to go to the 15 00:00:57,400 --> 00:01:00,200 venue, have to check things out, but we might be missing Tuesday 16 00:01:00,200 --> 00:01:03,960 and Tuesday and Wednesday, but you can still TuneIn to simply 17 00:01:03,960 --> 00:01:07,040 pick the simply Bitcoin channel and we'll be giving you like hot 18 00:01:07,040 --> 00:01:11,840 fire signal from the industry greats of the Bitcoin mining 19 00:01:11,840 --> 00:01:13,800 industry. And of course, Opti and I will 20 00:01:13,800 --> 00:01:16,520 be offering commentary in between the breaks and hopefully 21 00:01:16,720 --> 00:01:20,120 getting some of those CEOs and industry leaders and just ask 22 00:01:20,120 --> 00:01:22,320 him questions about, you know, Bitcoin mining and all that 23 00:01:22,320 --> 00:01:23,920 stuff. So really excited for it. 24 00:01:24,120 --> 00:01:28,560 And then we'll be back with the regular Thursday episode on on 25 00:01:28,560 --> 00:01:29,840 Thursday. We'll be back with simply 26 00:01:29,840 --> 00:01:32,560 Bitcoin Live on Thursday. So anyways, couple things that I 27 00:01:32,560 --> 00:01:36,040 wanted to cover today. First off is apparently, you 28 00:01:36,040 --> 00:01:39,480 know, a lot of people are are saying that it's the Mount G Ox 29 00:01:39,480 --> 00:01:42,440 thing that has dumped the price. We did have a pretty big 30 00:01:42,440 --> 00:01:44,080 correction. I think we were like at like 31 00:01:44,080 --> 00:01:47,920 6665 K dumped all the way down to 60 K. 32 00:01:48,400 --> 00:01:50,600 We're definitely going back down to 10K. 33 00:01:53,400 --> 00:01:57,160 But no, in all seriousness, it's like your emotions always, you 34 00:01:57,160 --> 00:01:58,640 know, like always get the best of you. 35 00:01:58,640 --> 00:02:02,480 But historically in these times, like from being in the market 36 00:02:02,480 --> 00:02:05,560 for eight years now, these are actually like the best times to 37 00:02:05,560 --> 00:02:09,560 buy when you know, you, you kind of fear and you're like, oh, 38 00:02:09,560 --> 00:02:11,640 what's going on? And you know, you get those like 39 00:02:11,640 --> 00:02:13,920 voices in the back of your head saying like, holy shit, is this 40 00:02:13,920 --> 00:02:17,640 going to dump lower? Those are the best times to just 41 00:02:17,640 --> 00:02:23,280 go a Ben and stack those sats. And also a pretty great 42 00:02:23,280 --> 00:02:26,320 interview with this up and coming Bitcoin podcaster. 43 00:02:26,880 --> 00:02:32,000 He was able to get an interview with Michael Saylor at BTC 44 00:02:32,000 --> 00:02:34,440 Prague. And Michael Saylor and I, and I 45 00:02:34,440 --> 00:02:37,520 know we've been like, like again, like I can't emphasize 46 00:02:37,520 --> 00:02:39,320 this enough. Simply Bitcoin doesn't make any 47 00:02:39,320 --> 00:02:41,440 types of predictions and we don't like to speculate on the 48 00:02:41,440 --> 00:02:44,960 price whatsoever. But when notable figures do talk 49 00:02:44,960 --> 00:02:47,080 about the price, it seems like you guys like that type of 50 00:02:47,080 --> 00:02:49,400 content. So we do like to highlight it. 51 00:02:49,400 --> 00:02:53,400 And we got this latest clip of Sailor basically being ultra 52 00:02:53,400 --> 00:02:57,440 mega bullish and throwing out the $10 million number, $10 53 00:02:57,440 --> 00:03:01,120 million number is very notable because that's the number that 54 00:03:01,120 --> 00:03:05,600 how Finney back in the early days of Bitcoin, you know, when 55 00:03:05,600 --> 00:03:09,240 Bitcoin was like, I think less than $100, I just threw this 56 00:03:09,240 --> 00:03:14,760 crazy number out there. And so far it's seems like 57 00:03:14,760 --> 00:03:19,040 Bitcoin is on track, You know, and like, I think the question 58 00:03:19,040 --> 00:03:21,120 is not if. I think the question is when? 59 00:03:21,800 --> 00:03:24,800 Also during the culture segment, we got a special guest. 60 00:03:25,120 --> 00:03:28,040 We got the most wicked in Bitcoin. 61 00:03:28,040 --> 00:03:30,960 We got wicked in the house. How you doing wicked? 62 00:03:32,400 --> 00:03:34,440 Hey guys, I'm doing good. Thanks for having me on. 63 00:03:34,920 --> 00:03:37,560 Thanks for joining us, brother Opti, how you doing, bro? 64 00:03:37,560 --> 00:03:40,160 We're, we're very, very close and tight. 65 00:03:40,200 --> 00:03:43,560 It's very, you know, it's, it's very. 66 00:03:43,640 --> 00:03:47,440 Very intimate it's. Very intimate and the the, the 67 00:03:47,520 --> 00:03:50,440 Nico's Miami studio. But anyways, it's going to be 68 00:03:50,440 --> 00:03:52,840 great. Lots of work to do that. 69 00:03:52,840 --> 00:03:57,360 Opti, I still have left setting up for this mining Disrupt 70 00:03:57,360 --> 00:03:59,000 conference, but we're looking forward to it. 71 00:03:59,000 --> 00:04:02,040 It's going to be absolutely epic and you guys should definitely 72 00:04:02,040 --> 00:04:05,760 TuneIn tomorrow and Wednesday and we'll bring you guys the hot 73 00:04:05,760 --> 00:04:08,000 fire. So guys, we got a loaded show. 74 00:04:08,080 --> 00:04:10,440 So much to unpack. But before we jump into it, 75 00:04:10,440 --> 00:04:13,000 Opti, we're going to talk to Wicked about during the Culture 76 00:04:13,000 --> 00:04:16,760 segment. Yeah, so I got a few of Wicked's 77 00:04:16,760 --> 00:04:18,279 tweets up here. We're going to pull them up. 78 00:04:18,279 --> 00:04:21,320 But we really, we were actually going to talk about this before 79 00:04:21,320 --> 00:04:24,240 this show did. Just getting Wicked thoughts on 80 00:04:24,240 --> 00:04:28,640 the diminishing returns meme. But we thought maybe we should 81 00:04:28,640 --> 00:04:30,680 just have this conversation live on air. 82 00:04:30,680 --> 00:04:33,720 And then of course, I know Wicked's super, super big on the 83 00:04:33,720 --> 00:04:36,520 idea of DCA ING, so we're going to hit on some DCA memes. 84 00:04:36,720 --> 00:04:41,320 And then also maybe, maybe a controversial take here, but 85 00:04:41,320 --> 00:04:44,640 Wicked is also going to dive deep on being a bits maxi. 86 00:04:44,640 --> 00:04:46,640 So I know they're going to throw tomatoes at us, Wicked. 87 00:04:46,640 --> 00:04:49,920 But I think these are all good conversations to have on today's 88 00:04:49,920 --> 00:04:52,240 show. So I'm super excited for this 89 00:04:52,680 --> 00:04:55,520 and man it again. Let me know if there's some 90 00:04:55,520 --> 00:04:58,640 charts you want to pull up. I do have some back here in 91 00:04:58,640 --> 00:05:01,120 regards to what you're looking at, what you're watching. 92 00:05:01,320 --> 00:05:04,080 But yeah, we're going to talk diminishing returns, some DCA 93 00:05:04,080 --> 00:05:08,080 action and then some bits, bits Maxi memes over here, which I 94 00:05:08,080 --> 00:05:10,400 know that Chad is going to lose their mind because they're all 95 00:05:10,400 --> 00:05:13,560 Sats Maxi's. So I love triggering the chat 96 00:05:13,560 --> 00:05:15,400 when we can Wicked. So there's going to be a great 97 00:05:15,400 --> 00:05:17,400 show. I can't wait. 98 00:05:17,400 --> 00:05:21,040 And for anyone who doesn't follow Wicked on Bitcoin 99 00:05:21,040 --> 00:05:25,080 Twitter, you definitely should. He drops some a wicked hot fire. 100 00:05:25,360 --> 00:05:30,800 You can go follow him at W under score S under score Bitcoin and 101 00:05:31,080 --> 00:05:33,240 you know, drop some some very good signal. 102 00:05:33,600 --> 00:05:37,280 Anyways, guys, before we jump into today's show starting off 103 00:05:37,280 --> 00:05:40,600 the Monday strong, I do want to give a shout out to our lead 104 00:05:40,600 --> 00:05:42,640 sponsor. And of course, I'm talking about 105 00:05:42,640 --> 00:05:46,320 the best place to build your automatic self custody Bitcoin 106 00:05:46,320 --> 00:05:48,560 stack. I'm talking about Bitcoin. 107 00:05:48,560 --> 00:05:52,200 Well, calm by real Bitcoin. Enable your independence with 108 00:05:52,200 --> 00:05:55,680 the fastest and safest way to buy Bitcoin in Canada in the 109 00:05:55,680 --> 00:05:57,760 USA. 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What does that mean? 117 00:06:16,880 --> 00:06:19,240 That means that you can't buy Bitcoin on Bitcoin well unless 118 00:06:19,240 --> 00:06:22,120 you intend to take self custody, which perfectly aligns with the 119 00:06:22,120 --> 00:06:24,880 simply Bitcoin ethos of the separation of money and state, 120 00:06:25,000 --> 00:06:28,680 because self custody is the revolution also for existing 121 00:06:28,680 --> 00:06:30,960 customers of Bitcoin well. And if you haven't signed up 122 00:06:30,960 --> 00:06:34,560 yet, if you buy Bitcoin on Bitcoin well, you earn Bitcoin 123 00:06:34,560 --> 00:06:37,480 well points and you can use those Bitcoin well points 124 00:06:37,640 --> 00:06:39,840 towards the Bitcoin wishing well. 125 00:06:40,080 --> 00:06:42,920 So we're going to do that today, and we're going to toss a coin 126 00:06:42,920 --> 00:06:45,560 into the wishing well, and here we go. 127 00:06:45,800 --> 00:06:48,400 Let's do that. Let's redeem those 500 points, 128 00:06:48,440 --> 00:06:53,960 Opti, not you. And boom, at first person to 129 00:06:53,960 --> 00:06:56,760 scan the QR code wins those 500 SAT's. 130 00:06:56,760 --> 00:07:00,000 By the way, every time you throw a coin into the Bitcoin Wishing 131 00:07:00,000 --> 00:07:03,760 Well, you have an opportunity to win up to 1,000,000 Satoshi's. 132 00:07:03,960 --> 00:07:06,520 So first person to scan this QR code who's watching the show 133 00:07:06,720 --> 00:07:09,000 gets those 500 stats sign of Bitcoin. 134 00:07:09,000 --> 00:07:13,240 Well, today using the Simply Bitcoin promo code of Simply BTC 135 00:07:13,360 --> 00:07:16,680 and you get 3 tosses into the Bitcoin Wishing Well absolutely 136 00:07:16,680 --> 00:07:18,880 free. And of course, you know, this is 137 00:07:18,880 --> 00:07:21,560 a Canadian company after all, and they've made us hockey fans, 138 00:07:21,560 --> 00:07:26,000 Opti and I. And tonight is the NHNNHL 139 00:07:26,000 --> 00:07:28,320 Stanley Cup. It's the final game. 140 00:07:28,360 --> 00:07:30,360 Whoever wins this game becomes the winner. 141 00:07:30,520 --> 00:07:35,040 And you can predict and you can win up to six twin costs if you 142 00:07:35,040 --> 00:07:37,200 correctly predict. Obviously, I'm a little biased. 143 00:07:37,200 --> 00:07:40,760 I'm going to predict Florida and good luck to you and your team. 144 00:07:40,760 --> 00:07:43,480 So go to the hockey pole, make those predictions. 145 00:07:43,480 --> 00:07:45,600 But anyways, guys, let's move on to the numbers. 146 00:07:45,760 --> 00:07:47,840 Lots to talk about today. Let's check it out. 147 00:07:47,840 --> 00:07:54,440 Here we go, the Bitcoin numbers. Is your Bitcoin and cold storage 148 00:07:54,440 --> 00:07:57,440 really secure? Is your seed phrase really 149 00:07:57,440 --> 00:08:00,080 secure? Stamp seeds Do It Yourself Kit 150 00:08:00,080 --> 00:08:03,480 has everything you need to hammer your seed words into 151 00:08:03,480 --> 00:08:07,720 commercial grade titanium plates instead of just writing them on 152 00:08:07,720 --> 00:08:10,560 paper. Don't store your generational 153 00:08:10,560 --> 00:08:13,800 wealth on paper. Papers prone to water damage, 154 00:08:13,800 --> 00:08:15,800 fire damage. You want to put your 155 00:08:15,800 --> 00:08:18,880 generational wealth on one of the strongest metals on planet 156 00:08:18,880 --> 00:08:20,240 earth. Titanium. 157 00:08:20,240 --> 00:08:23,440 Your words are actually stamped into this metal plate with this 158 00:08:23,440 --> 00:08:26,840 hammer and these letter stamps. And once your words are in, they 159 00:08:26,840 --> 00:08:29,800 aren't going anywhere. No risk of the plate breaking 160 00:08:29,800 --> 00:08:32,159 apart and pieces falling everywhere. 161 00:08:32,360 --> 00:08:35,600 Titanium stamp seeds will survive nearly triple the heat 162 00:08:35,600 --> 00:08:38,080 produced by a house fire. They're also crush proof, 163 00:08:38,080 --> 00:08:40,760 waterproof, non corrosive, and time proof. 164 00:08:40,760 --> 00:08:43,360 All things that paper is not allowing you to huddle your 165 00:08:43,360 --> 00:08:46,360 Bitcoin with Peace of Mind for the long haul. 166 00:08:46,520 --> 00:08:49,760 Stamp your seed on stamp seed, everybody. 167 00:08:49,840 --> 00:08:51,480 I made it incredibly easy for you guys. 168 00:08:51,480 --> 00:08:54,840 Scan the QR code on your screen if you want your grandchildren 169 00:08:54,840 --> 00:08:57,800 to talk to you. If you don't, then don't scan 170 00:08:57,800 --> 00:09:00,000 the QR code. It's probably a good idea to 171 00:09:00,000 --> 00:09:04,400 stamp your generational wealth onto titanium and not write down 172 00:09:04,400 --> 00:09:07,000 your seed words on paper. So again, if you want your 173 00:09:07,520 --> 00:09:10,320 grandchildren to talk to you, buy yourself a stamp seed 174 00:09:10,760 --> 00:09:13,320 storage kit. Use promo code simply you get 175 00:09:13,320 --> 00:09:16,000 15% off at the time of recording. 176 00:09:16,000 --> 00:09:21,800 The Bitcoin price is 60,960 thousand 890 dollars. 177 00:09:22,160 --> 00:09:26,760 Opti and I are going to go back to ramen SAT's per dollar 1643 178 00:09:26,960 --> 00:09:35,480 block height 849,000 two 324 blocks to having 200,676 the The 179 00:09:35,480 --> 00:09:40,080 headings priced in having estimate March 25th 2028 Total 180 00:09:40,080 --> 00:09:45,720 lightning network capacity 4869 Bitcoin capacity value 296 181 00:09:45,720 --> 00:09:50,960 million U.S. dollars realized monetary inflation 1.57% the 182 00:09:50,960 --> 00:09:55,000 market capitalization of Bitcoin 1.2 trillion U.S. dollars with 183 00:09:55,000 --> 00:09:59,440 AT Bitcoin versus gold market cap 7.53%. 184 00:09:59,680 --> 00:10:01,840 In the grand scheme of things, we're just getting started. 185 00:10:02,080 --> 00:10:05,640 I think during these times of uncertainty, during these times 186 00:10:05,640 --> 00:10:08,800 of volatility, it's probably a good idea to look back into the 187 00:10:08,800 --> 00:10:12,320 past because if you don't learn from the past, you're destined 188 00:10:12,320 --> 00:10:15,240 to repeat it. Here is Max Kaiser absolute 189 00:10:15,240 --> 00:10:21,320 legend, October 30th, 2013, when BTC was $0.20, nobody believed 190 00:10:21,320 --> 00:10:25,280 it could trade to 200 at 200. Nobody believes it can get to 191 00:10:25,280 --> 00:10:29,480 20,000. A few will, however, and five 192 00:10:29,480 --> 00:10:32,920 years from that prediction, Bitcoin did indeed hit 20,000, 193 00:10:33,120 --> 00:10:36,880 and this was back in 2013. So I think it's important. 194 00:10:36,920 --> 00:10:40,640 I think as human beings, we're just like, you know, we still 195 00:10:40,640 --> 00:10:42,760 have those eight brains, We still have those chip brains, 196 00:10:42,760 --> 00:10:45,200 right? And you know, it's important 197 00:10:45,200 --> 00:10:48,000 that during this volatility, look, I'll tell you what. 198 00:10:48,360 --> 00:10:52,000 I'll tell you what, guys huddling, if you just break it 199 00:10:52,000 --> 00:10:54,080 down, you're like, that is so freaking easy. 200 00:10:54,440 --> 00:10:57,760 But actually doing it, it like takes your soul. 201 00:10:58,920 --> 00:11:01,600 It's very hard. It's hard to say that, but it is 202 00:11:01,600 --> 00:11:04,840 absolutely true. Here's the legendary prediction 203 00:11:04,840 --> 00:11:10,760 of how Finney back 2000, literally 2009, and he's just 204 00:11:10,760 --> 00:11:12,280 kind of doing this thought experiment. 205 00:11:12,280 --> 00:11:13,880 He says an amusing thought experiment. 206 00:11:13,880 --> 00:11:15,600 Imagine that Bitcoin is successful and becomes a 207 00:11:15,600 --> 00:11:17,720 dominant payment system and used throughout the world. 208 00:11:18,040 --> 00:11:20,360 Then the total value of the currency should be equal to the 209 00:11:20,360 --> 00:11:22,600 total value of all the wealth in the world. 210 00:11:22,760 --> 00:11:26,440 Current estimates of total worldwide household wealth that 211 00:11:26,440 --> 00:11:29,440 I have found range from 100 trillion to 300 trillion. 212 00:11:29,680 --> 00:11:33,320 With 20 million coins, that gives each coin a value of about 213 00:11:33,320 --> 00:11:36,400 $10 million. Now, this was back in the day. 214 00:11:36,600 --> 00:11:40,240 Here is Michael Saylor and one of his latest interviews with 215 00:11:40,240 --> 00:11:43,120 the podcaster Robin Sire. By the way, huge fan. 216 00:11:43,240 --> 00:11:45,520 I think he did an excellent job in this podcast. 217 00:11:45,760 --> 00:11:47,640 Great job. So shout out to him and give him 218 00:11:47,640 --> 00:11:48,960 a follow. He's up and coming. 219 00:11:49,680 --> 00:11:53,360 And let's check out Michael Saylor talking about $10 million 220 00:11:53,360 --> 00:11:55,080 Bitcoin. And if you just want Bitcoin to 221 00:11:55,080 --> 00:11:59,160 be successful, when you hear the Bank of Shanghai is rolling out 222 00:11:59,160 --> 00:12:03,280 a Bitcoin ETF custody to the Bank of Shanghai, you would say 223 00:12:03,280 --> 00:12:04,960 that's great, that's going to give access to. 224 00:12:04,960 --> 00:12:13,080 Bitcoin to 1.5 billion people in China OK and they're going to 225 00:12:13,080 --> 00:12:15,120 buy a bunch of Bitcoin. The price of Bitcoin is going to 226 00:12:15,120 --> 00:12:19,320 go up to $10 million coin. So here's the question. 227 00:12:19,680 --> 00:12:22,280 Do you want the billion people in China to be rich? 228 00:12:22,280 --> 00:12:26,080 And do you want to be rich while the Chinese government still has 229 00:12:26,080 --> 00:12:28,360 a bunch of laws that you may or may not agree with? 230 00:12:29,040 --> 00:12:32,920 Or do you want the people in China to be poor and you to be 231 00:12:32,920 --> 00:12:35,520 poor while the Chinese government has a set of laws 232 00:12:35,520 --> 00:12:36,920 that you don't agree with? Pretty. 233 00:12:37,640 --> 00:12:41,040 Easy. Or do you think that you're so 234 00:12:41,040 --> 00:12:43,720 great, you're Superman, that you can just go and topple the 235 00:12:43,720 --> 00:12:46,240 entire government by barking on Twitter? 236 00:12:48,680 --> 00:12:52,760 It's like I, you know, I just don't think right that that 237 00:12:52,760 --> 00:12:56,040 you're going to topple, you know, an entire sovereign nation 238 00:12:56,480 --> 00:12:58,560 with your ideology. So. 239 00:13:00,200 --> 00:13:05,640 I mean, so like, is he just saying that to be hyperbolic? 240 00:13:06,560 --> 00:13:10,040 Like, do you believe in that? I mean, it kind of makes sense. 241 00:13:10,200 --> 00:13:12,760 China has a very, you know, populous nation. 242 00:13:12,760 --> 00:13:16,520 I'm going to pass it on to you. Wicked, wicked you, you know, 243 00:13:16,840 --> 00:13:20,440 you focus a lot, a lot of your time and energy putting together 244 00:13:20,440 --> 00:13:23,400 these awesome kind of like infographics that are so well 245 00:13:23,400 --> 00:13:26,040 made. So I mean, do you think that's 246 00:13:26,040 --> 00:13:27,640 just rhetoric from Michael Saylor? 247 00:13:27,640 --> 00:13:31,360 I mean, he, he does have a history of back in the day, I 248 00:13:31,360 --> 00:13:35,680 think there was a very famous video of him in 2011 predicting 249 00:13:35,680 --> 00:13:39,520 that Apple stock was just going to go through the effing moon 250 00:13:39,520 --> 00:13:42,400 and it totally did. He hit the nail on the head with 251 00:13:42,400 --> 00:13:46,960 that prediction like 100%. So you know, it is this 252 00:13:46,960 --> 00:13:48,800 something that we're going to see in our lifetimes? 253 00:13:48,800 --> 00:13:52,080 Like do you see like, and again, it's impossible to see and it 254 00:13:52,080 --> 00:13:56,360 this, it just like the, the Max Keiser tweet, like back then, 255 00:13:56,360 --> 00:14:00,640 $200.00 Bitcoin, $20,000 Bitcoin probably seemed unfeasible. 256 00:14:01,200 --> 00:14:05,120 What's your take on that wicked? Yeah, I mean, I think so 257 00:14:05,120 --> 00:14:06,480 there's, there's a couple of things. 258 00:14:06,800 --> 00:14:09,480 First of all, you have to consider, you know, is this an, 259 00:14:09,520 --> 00:14:12,720 an inflation adjusted number, right? 260 00:14:12,720 --> 00:14:16,720 Because with inflation, everything is going to reach $10 261 00:14:16,720 --> 00:14:19,640 million eventually, right? The dollar is going to fail and 262 00:14:19,640 --> 00:14:22,040 then everything will be infinite number of dollars. 263 00:14:22,560 --> 00:14:28,920 So if this is like $10 million in today's dollars, then, you 264 00:14:28,920 --> 00:14:32,240 know, I think that that could be possible eventually if Bitcoin 265 00:14:32,240 --> 00:14:36,680 kind of like Hal said, you know, represents basically the value 266 00:14:36,680 --> 00:14:38,960 of everything or, or near the value of everything. 267 00:14:39,560 --> 00:14:42,480 It's actually higher now, right? The value of everything is like 268 00:14:42,840 --> 00:14:46,200 closer to a quadrillion at this point because of inflation. 269 00:14:46,800 --> 00:14:50,600 So now we're talking like, you know, I think like 50 million 270 00:14:50,600 --> 00:14:54,160 per Bitcoin would, would, would, would account for all of that 271 00:14:54,160 --> 00:14:57,200 value. So 10 million just kind of, you 272 00:14:57,200 --> 00:15:00,360 know, it's on the way up there to getting to the, you know, 273 00:15:00,360 --> 00:15:01,800 the, the, the value of everything. 274 00:15:01,800 --> 00:15:05,160 If that is to happen with Bitcoin, because Bitcoin's the 275 00:15:05,160 --> 00:15:07,640 best money in the world, you know, it's hard to believe that 276 00:15:07,920 --> 00:15:11,040 it won't eventually eat the value of everything. 277 00:15:11,680 --> 00:15:15,320 So I wouldn't be surprised. Maybe not in our lifetimes, but 278 00:15:15,320 --> 00:15:17,560 maybe in our kids. It might get there. 279 00:15:18,640 --> 00:15:20,520 We'll see. You're a bearish apple. 280 00:15:20,720 --> 00:15:23,200 Anyway, it's. Opti, I'm a bear. 281 00:15:23,320 --> 00:15:29,680 I just said 50 million. Exactly, Opti, what's your take 282 00:15:29,680 --> 00:15:32,440 on this brother? Well I usually reference the how 283 00:15:32,440 --> 00:15:35,600 Finney quote as well and I I always have to highlight the 284 00:15:35,600 --> 00:15:38,720 date and I actually got the date today which was January 10th, 285 00:15:38,720 --> 00:15:41,560 2009. So like literally when what, 2 286 00:15:41,560 --> 00:15:42,720 weeks? After the one week. 287 00:15:42,960 --> 00:15:45,960 One week after Genesis. Exactly one week after the 288 00:15:45,960 --> 00:15:49,040 genesis block, how Finney was already saying $10 million per 289 00:15:49,040 --> 00:15:51,960 Bitcoin, just absolutely bullish. 290 00:15:52,000 --> 00:15:55,120 And, and it really kind of reminds me of the the Kaiser 291 00:15:55,120 --> 00:15:57,520 tweet, you know, everyone in the chat right now, we're all 292 00:15:57,520 --> 00:15:59,640 wondering like, why is it going to 60 K? 293 00:16:00,040 --> 00:16:04,800 And even today, what, a 10X to 600,000 per coin? 294 00:16:04,800 --> 00:16:07,760 We're all like, yeah, it's going to get there eventually, but not 295 00:16:07,760 --> 00:16:09,640 this cycle. And so you can feel the same 296 00:16:09,640 --> 00:16:13,520 type of energy regarding the Bitcoin price right now and all 297 00:16:13,520 --> 00:16:15,880 of the factors that are playing out where it's like, man, 298 00:16:15,880 --> 00:16:20,480 there's, there's so much capital that is just literally what like 299 00:16:20,480 --> 00:16:24,160 3 months ago just unleashed ready to be deployed into 300 00:16:24,160 --> 00:16:26,160 Bitcoin. And we're still all super 301 00:16:26,160 --> 00:16:28,760 bearish because we have PTSD from the last cycle. 302 00:16:28,920 --> 00:16:31,800 And we're like, it's, it's like, let's break 100K first and 303 00:16:31,800 --> 00:16:33,760 foremost before we even talk about these nerds. 304 00:16:34,040 --> 00:16:38,160 But one thing though, that I did find hilarious in that sailor 305 00:16:38,160 --> 00:16:42,280 tweet is he he kind of going down the beauty on the beauty on 306 00:16:42,280 --> 00:16:44,720 route where he's like, yeah, your memes mean nothing. 307 00:16:46,040 --> 00:16:47,640 They're not going to change anything. 308 00:16:47,880 --> 00:16:50,720 Which to a point, like I kind of agree to a certain extent 309 00:16:51,000 --> 00:16:53,720 because like, what really matters here is the amount of 310 00:16:53,720 --> 00:16:56,280 capital going into Bitcoin. Hence why there's so many times 311 00:16:56,280 --> 00:16:57,600 when I get frustrated with Bitcoin. 312 00:16:57,600 --> 00:16:58,960 It's like, it's not about the price, bro. 313 00:16:58,960 --> 00:17:01,960 And it's like, it's literally all about the price because 314 00:17:02,000 --> 00:17:05,079 that's a real time metric of the capital coming into Bitcoin. 315 00:17:05,319 --> 00:17:07,880 And so, yeah, we love the technology behind Bitcoin. 316 00:17:07,880 --> 00:17:10,720 You know, we're all in it for the tech obviously, but the 317 00:17:10,720 --> 00:17:14,839 price is a real time indicator of how much capital is going 318 00:17:14,839 --> 00:17:16,760 into Bitcoin. And it's super important if you 319 00:17:16,760 --> 00:17:19,400 if you kind of separate the fact that it's not just about being a 320 00:17:19,400 --> 00:17:22,319 moon boy, It's about understanding that as the price 321 00:17:22,319 --> 00:17:25,480 goes up, that means more capital is going into Bitcoin, which 322 00:17:26,200 --> 00:17:28,480 kicks off the positive feedback loop, which means more people 323 00:17:28,480 --> 00:17:30,720 are going to know about Bitcoin and start to follow into 324 00:17:30,720 --> 00:17:32,920 Bitcoin. So, you know, stay stupidly 325 00:17:32,920 --> 00:17:35,400 bullish. Like how funny out there and do 326 00:17:35,400 --> 00:17:39,160 10 million price $10 million Bitcoin prediction when Bitcoin 327 00:17:39,160 --> 00:17:42,640 doesn't even have a price. So shouts out to what's his name 328 00:17:42,640 --> 00:17:44,560 now? Opti pro slavery Apple Maxi 329 00:17:44,560 --> 00:17:45,560 fields. Who's saying that? 330 00:17:45,760 --> 00:17:49,400 It's already Infinity per SAT today and the world just hasn't 331 00:17:49,400 --> 00:17:52,040 priced it in. Oh man, oh man, yeah, it's 332 00:17:52,040 --> 00:17:55,160 Infinity divided by 21 million. And I got to say something 333 00:17:55,160 --> 00:17:56,920 because you referenced this, this cycle. 334 00:17:57,320 --> 00:18:02,360 I, I think the last cycle people were like taking 100K. 335 00:18:02,360 --> 00:18:04,440 They're just like, it's going to hit 100K for granted. 336 00:18:04,720 --> 00:18:07,240 Now you could have made a bunch of arguments as to why that not 337 00:18:07,240 --> 00:18:12,440 that didn't happen in regards to the China mining ban, you know, 338 00:18:12,440 --> 00:18:15,280 the rehypothecation from FTX and like all these things. 339 00:18:15,640 --> 00:18:18,680 But the the feeling that I get this cycle just based on 340 00:18:18,960 --> 00:18:22,360 interacting with people is that people are just like it's like 341 00:18:22,360 --> 00:18:25,640 they're, they're expecting, like they're being overly bearish in 342 00:18:25,640 --> 00:18:28,200 a way. And just from being Bitcoin for 343 00:18:28,200 --> 00:18:31,800 quite a while now, like Bitcoin tends to do the exact fucking 344 00:18:31,800 --> 00:18:35,240 opposite of what everyone thinks it's going to do, right? 345 00:18:36,240 --> 00:18:39,120 So, yeah, I mean, that's my take on what's coming up. 346 00:18:39,120 --> 00:18:42,280 But it's probably a good idea to get some just in case it 347 00:18:42,280 --> 00:18:44,720 continues to catch on. You can't even say that anymore. 348 00:18:45,160 --> 00:18:46,680 Anyways. All right, I do wanna give a 349 00:18:46,720 --> 00:18:48,480 very special shout to our sponsor. 350 00:18:48,480 --> 00:18:50,680 And of course, I'm talking about the pleb party in Nashville. 351 00:18:50,680 --> 00:18:52,000 It's gonna be absolutely awesome. 352 00:18:52,000 --> 00:18:56,480 Opti and I are gonna be there. Rustin's gonna be there. 353 00:18:56,480 --> 00:18:57,760 John's gonna be there. James Lavish. 354 00:18:57,760 --> 00:18:58,960 Robert Brelove. Mark Moss. 355 00:18:58,960 --> 00:19:01,000 Pubby Tatum Turnip. Adam O'Brien. 356 00:19:01,000 --> 00:19:03,640 Larry Leopard. Preston Pish It's going to be 357 00:19:03,640 --> 00:19:06,040 absolutely bonkers. Going to be at an amazing venue, 358 00:19:06,040 --> 00:19:09,600 a rustic automobile factory from 1910 with brick walls and tons 359 00:19:09,600 --> 00:19:12,240 of proof of work atmosphere. This is the party to be. 360 00:19:12,360 --> 00:19:15,680 If you're going to Bitcoin 2024 in Nashville, this is going to 361 00:19:15,680 --> 00:19:17,840 be the day before the conference starts. 362 00:19:17,840 --> 00:19:21,200 It's going to be the party. It's a 12 hour open bar for 363 00:19:21,200 --> 00:19:22,240 anyone who doesn't know what that is. 364 00:19:22,440 --> 00:19:23,840 The drinks are included in the ticket. 365 00:19:24,120 --> 00:19:26,840 It's from noon to midnight. You definitely want to miss 366 00:19:26,840 --> 00:19:29,080 this. There's expected to be 1000 367 00:19:29,080 --> 00:19:30,920 people, definitely. Don't want to miss it. 368 00:19:30,920 --> 00:19:31,960 It's. Going to be 1000. 369 00:19:31,960 --> 00:19:34,000 What did I say You. Definitely want to miss it I. 370 00:19:34,040 --> 00:19:37,320 Definitely don't want to miss it. 1000 people are expected to 371 00:19:37,320 --> 00:19:39,440 be attending. You want to get your tickets 372 00:19:39,440 --> 00:19:42,400 quickly before they sold out and they sell it at levels. 373 00:19:42,400 --> 00:19:44,600 So I think that there's only a couple tickets left at the 374 00:19:44,600 --> 00:19:46,680 current price point. So I'll see you guys in 375 00:19:46,680 --> 00:19:49,320 Nashville at the pleb party. It's going to be absolutely 376 00:19:49,320 --> 00:19:50,680 bonkers. It's going to be a great time 377 00:19:51,080 --> 00:19:53,520 and it's a great, it's a great opportunity interact with the 378 00:19:53,520 --> 00:19:55,400 Simply Bitcoin crew. All right, everybody, let's hit 379 00:19:55,400 --> 00:19:56,360 the news. Lots to talk about. 380 00:19:59,680 --> 00:20:03,920 The Daily News. I wanna give a shout out to our 381 00:20:03,920 --> 00:20:08,040 sponsor Foundation Devices. It's self custody done right. 382 00:20:08,080 --> 00:20:11,680 They built a premium grade hardware wallet called Passport 383 00:20:11,840 --> 00:20:14,720 right here in the US. It's fully open source and 384 00:20:14,720 --> 00:20:17,400 verifiable. It's the most intuitive Bitcoin 385 00:20:17,400 --> 00:20:21,280 wallet designed with the UX reminiscent of a simple feature 386 00:20:21,280 --> 00:20:24,120 phone, so you will know how to navigate it and use it the 387 00:20:24,120 --> 00:20:27,400 moment you pick it up. 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Incredibly easy for you guys 398 00:21:00,080 --> 00:21:04,000 like always to get yourself a Passport hardware wallet. 399 00:21:04,160 --> 00:21:08,360 Also, this is brand new. If you use the promo code simply 400 00:21:08,520 --> 00:21:11,560 you get a discount. Guys, get yourself a hardware 401 00:21:11,560 --> 00:21:14,000 wallet. Not your keys, not your cheese, 402 00:21:14,000 --> 00:21:16,960 not your keys, not your cheese. If you don't take self custody 403 00:21:16,960 --> 00:21:19,480 of your Bitcoin, someone else's custody of your Bitcoin, 404 00:21:19,480 --> 00:21:21,440 therefore it's not your Bitcoin and you're totally cocked. 405 00:21:21,440 --> 00:21:23,080 Do you have the idea that it's your Bitcoin? 406 00:21:23,080 --> 00:21:25,880 But it's not your Bitcoin unless you have it in cold storage. 407 00:21:25,880 --> 00:21:29,440 And of course, you recommend our sponsor Passport by Foundation 408 00:21:29,440 --> 00:21:31,520 Devices. I was gonna say, don't think 409 00:21:31,520 --> 00:21:33,640 about it. Take your Bitcoin off exchanges. 410 00:21:33,960 --> 00:21:36,440 Exactly. By the way, if you don't know 411 00:21:36,440 --> 00:21:39,840 how to use a hardware wallet, it might be a little perplexing for 412 00:21:39,840 --> 00:21:42,200 a lot of you guys. They offer a concierge service. 413 00:21:42,200 --> 00:21:47,720 So you get yourself a Passport hardware wallet and then you set 414 00:21:47,720 --> 00:21:50,120 up a meeting with them and they'll literally teach you how 415 00:21:50,120 --> 00:21:52,760 to use it, right, which is incredibly awesome. 416 00:21:52,760 --> 00:21:55,920 And you could pair it up with the Envoy app on your phone and 417 00:21:55,920 --> 00:21:59,760 guess what it's makes spending cold storage Bitcoin incredibly 418 00:21:59,760 --> 00:22:01,040 easy for. I don't know why you'd want to 419 00:22:01,040 --> 00:22:03,680 spend your Bitcoin, but just in case one day. 420 00:22:03,920 --> 00:22:07,400 Anyways, I want to talk about this because this is the news 421 00:22:07,400 --> 00:22:09,960 that was making the rounds Mount Gox, which I feel like I've 422 00:22:09,960 --> 00:22:13,840 heard this a million times, but I guess it's true this time. 423 00:22:14,120 --> 00:22:16,280 So the headline for audio listeners is a coin desk article 424 00:22:16,280 --> 00:22:18,760 says Mount Gox to begin repayments in July. 425 00:22:18,960 --> 00:22:23,600 BTC slides under 61K. Here are the key points. 426 00:22:23,600 --> 00:22:26,200 Defunct Bitcoin exchange Mount Gox said it will start 427 00:22:26,200 --> 00:22:30,560 distributing assets stolen from clients in a 2014 hack in July 428 00:22:30,560 --> 00:22:33,600 2024 after years of postponed deadlines. 429 00:22:33,760 --> 00:22:37,160 The repayments will be made in Bitcoin and Bitcoin cash and 430 00:22:37,160 --> 00:22:40,400 could possibly add cell pressure to both markets. 431 00:22:40,680 --> 00:22:43,920 So I mean, what's your take on this Apple like? 432 00:22:43,920 --> 00:22:48,920 Apparently it's 140,000 Bitcoin, but I mean, compared to sailor 433 00:22:48,920 --> 00:22:51,920 stack, it's actually smaller than sailor stack. 434 00:22:51,920 --> 00:22:55,400 It's still quite a bit quite a lot of Bitcoin, quite a lot of 435 00:22:55,400 --> 00:22:57,160 apples that you can get for those Bitcoin. 436 00:22:57,920 --> 00:23:01,360 So wicked what what are your thoughts on this is, is this was 437 00:23:01,360 --> 00:23:04,440 this the catalyst for the price to dump like we're almost at 438 00:23:04,520 --> 00:23:08,000 we're almost in the 50K region. We're at 60,388. 439 00:23:08,000 --> 00:23:10,000 By the way, if you guys are watching the show, it's probably 440 00:23:10,000 --> 00:23:11,960 a really good opportunity to stack some sats. 441 00:23:11,960 --> 00:23:15,440 So head over to bitcoinwell.com. Smash the buy button anyways. 442 00:23:16,080 --> 00:23:17,280 Wicked what? What's your take on this, 443 00:23:17,280 --> 00:23:19,640 brother? I don't know, man, and we've 444 00:23:19,680 --> 00:23:21,680 we've seen this flood over and over again. 445 00:23:21,760 --> 00:23:27,960 And even if they do distribute it finally next month, and it's 446 00:23:27,960 --> 00:23:30,200 not like all those Bitcoin are going to be sold on the market, 447 00:23:30,200 --> 00:23:31,880 right? A lot of them are probably just 448 00:23:31,880 --> 00:23:35,200 going to be huddled. Anybody who wanted to sell their 449 00:23:35,200 --> 00:23:40,200 Mount Gox Bitcoin already did like on, you know, the secondary 450 00:23:40,200 --> 00:23:43,800 markets. And so I don't think there's 451 00:23:43,800 --> 00:23:48,320 going to be very much selling of this Bitcoin that gets 452 00:23:48,320 --> 00:23:51,240 distributed. Maybe they'll sell the BCH 453 00:23:51,240 --> 00:23:54,560 though. So if you're you're if you're a 454 00:23:54,560 --> 00:23:58,360 B cash guy, I'd be worried, but I think the Bitcoins probably 455 00:23:58,480 --> 00:24:01,440 just going to be huddled. Yeah, I I agree. 456 00:24:01,440 --> 00:24:03,280 I agree. Opti, what's your take on this 457 00:24:03,280 --> 00:24:04,440 bro? Well, first. 458 00:24:04,840 --> 00:24:06,200 Before era. Before. 459 00:24:06,240 --> 00:24:08,640 Yeah, it's definitely before my era, but I was just going to say 460 00:24:08,640 --> 00:24:11,640 like, this is one of those news stories that just like keeps 461 00:24:11,640 --> 00:24:14,280 giving. And it's a constant, constant 462 00:24:14,280 --> 00:24:17,520 reminder of why everyone needs to take your Bitcoin off 463 00:24:17,520 --> 00:24:19,320 exchanges. And so anyone that's new to 464 00:24:19,320 --> 00:24:22,640 Bitcoin maybe aren't familiar with Mount docks, maybe they 465 00:24:22,640 --> 00:24:24,640 kind of heard about it, whatever. 466 00:24:24,640 --> 00:24:28,680 Like this just goes to show that you do not want to leave your 467 00:24:28,680 --> 00:24:31,880 Bitcoin on exchanges. Any exchange will eventually 468 00:24:31,880 --> 00:24:34,360 most likely end up like Mount Gox. 469 00:24:34,360 --> 00:24:38,040 And so This is why I always told Nico about the ad where we need 470 00:24:38,040 --> 00:24:41,200 to update it because it's not about thinking about taking your 471 00:24:41,200 --> 00:24:43,560 Bitcoin off the exchange, because a lot of people get lost 472 00:24:43,840 --> 00:24:46,440 and just thinking about taking their Bitcoin off in exchange. 473 00:24:46,440 --> 00:24:49,200 It's like you want to take the steps, even if it's a simple 474 00:24:49,200 --> 00:24:52,160 step, first and foremost, going into like a mobile wallet, it's 475 00:24:52,160 --> 00:24:54,680 better than leaving your Bitcoin on an exchange, but you want to 476 00:24:54,680 --> 00:24:57,280 take the baby steps to eventually get your Bitcoin into 477 00:24:57,280 --> 00:24:59,000 cold storage. You know, of course, we 478 00:24:59,000 --> 00:25:02,480 recommend passport by foundation because it's super easy, but you 479 00:25:02,480 --> 00:25:06,000 have to, this is like one of the main fundamental rules of 480 00:25:06,000 --> 00:25:09,440 Bitcoin is you need to take your Bitcoin into custody. 481 00:25:09,600 --> 00:25:12,120 I've been saying for a long time, I, I don't care how you 482 00:25:12,120 --> 00:25:15,400 get your Bitcoin, as long as you end up with your Bitcoin in cold 483 00:25:15,400 --> 00:25:17,120 storage. That's really what matters. 484 00:25:17,120 --> 00:25:20,120 And this is what Nico he says. This is how we define, you know, 485 00:25:20,120 --> 00:25:22,560 the Fiat system, the tyranny of the Fiat got dollar. 486 00:25:22,560 --> 00:25:26,640 But with that being said, Nico, I was tagged on this right 487 00:25:26,640 --> 00:25:30,120 before the show happened. So since it's Monday, I'm going 488 00:25:30,120 --> 00:25:33,040 to pull it up and we'll get a little bullish, a little bullish 489 00:25:33,040 --> 00:25:35,600 bull sauce, opium sauce for everyone in the chat. 490 00:25:35,680 --> 00:25:39,240 So apparently here's a chart here and I'm I need a zoom in 491 00:25:39,240 --> 00:25:41,600 over here so I can look at. So I might I might be a little 492 00:25:41,600 --> 00:25:45,520 off camera guys, but it's apparently the past three times 493 00:25:45,520 --> 00:25:48,320 that mount gotts repayment, quote UN quote FUD was dropped 494 00:25:48,480 --> 00:25:52,560 was March 6th, 2023. This first line November 22nd, 495 00:25:52,560 --> 00:25:58,080 2023 and January 6, 2024. And if you look at the chart 496 00:25:58,080 --> 00:26:03,640 guys and you see one connection here is the price always goes up 497 00:26:03,640 --> 00:26:05,680 afterwards. So hey, if this is the last dip 498 00:26:05,680 --> 00:26:09,040 we need before the price pumps, then I'm absolutely for it. 499 00:26:09,280 --> 00:26:13,280 And it really reminds me of something that check maybe has 500 00:26:13,280 --> 00:26:16,840 said on the show for us, Nico when he came on the IRL is the 501 00:26:16,880 --> 00:26:21,160 idea that the best you know, the the Bitcoin price needs a 502 00:26:21,160 --> 00:26:22,560 catalyst for it's the. Second best. 503 00:26:23,600 --> 00:26:26,400 The Bitcoin price needs a catalyst for it to go up higher. 504 00:26:26,400 --> 00:26:28,360 And what checkmate he's been saying on his Twitter the last 505 00:26:28,360 --> 00:26:31,080 couple of days is like, usually the best catalyst for this is 506 00:26:31,080 --> 00:26:34,840 the price dumping a little bit. So this is all healthy stuff in 507 00:26:34,840 --> 00:26:36,960 the market. If you're new to Bitcoin, you 508 00:26:36,960 --> 00:26:39,200 know, don't get shaken out. Keep stacking. 509 00:26:39,880 --> 00:26:41,720 What do we say? This is the this is the cost of 510 00:26:41,720 --> 00:26:43,280 tuition. Everything will be all right. 511 00:26:43,280 --> 00:26:45,040 Just keep stacking. Taking Bitcoin in the cold 512 00:26:45,040 --> 00:26:46,520 storage. This is how you earn your 513 00:26:46,520 --> 00:26:48,760 stripes. You have to you have to reach 514 00:26:48,760 --> 00:26:52,440 Bitcoin's end, right? And you reach Bitcoin's end by 515 00:26:52,480 --> 00:26:56,000 you know, just just stack those sats and you know, just unplug a 516 00:26:56,000 --> 00:26:59,880 little bit unplug. Anyways, before I move on to the 517 00:26:59,880 --> 00:27:04,720 next story, you guys know that I love talking about how Opti 518 00:27:04,720 --> 00:27:07,560 ruined it for all of us because dating history. 519 00:27:07,560 --> 00:27:11,440 And of course I'm talking about the witch the, the Wicked Witch 520 00:27:11,520 --> 00:27:14,200 of the East, the Wicked Witch of the European Union. 521 00:27:14,480 --> 00:27:17,920 And of course I'm talking about Christine Lagarde and she is the 522 00:27:17,920 --> 00:27:19,520 head of the European Central Bank. 523 00:27:19,720 --> 00:27:24,280 Now, even though this is extremely unpopular, even though 524 00:27:24,280 --> 00:27:27,120 it's been community noted on on Twitter, they don't give a 525 00:27:27,120 --> 00:27:31,520 flying fuck and they're moving on full steam ahead in the 526 00:27:31,520 --> 00:27:34,240 European Union. They seems like they rebranded 527 00:27:34,240 --> 00:27:37,560 it, which is really interesting. Ladies and gentlemen, it's not 528 00:27:37,560 --> 00:27:40,160 called a central bank digital currency. 529 00:27:40,360 --> 00:27:42,280 They're just calling it a digital euro. 530 00:27:42,280 --> 00:27:46,360 They're leaving the central bank digital currency completely out 531 00:27:46,400 --> 00:27:50,200 of the post. By the way, that is by design 532 00:27:50,200 --> 00:27:52,680 and what we do here at simply as we point this out. 533 00:27:52,800 --> 00:27:54,840 So you guys could, aren't you get, you guys could arm 534 00:27:54,840 --> 00:27:57,760 yourselves with the truth and the weapons that you need to 535 00:27:58,440 --> 00:28:00,600 combat on the other side. Of course, when I'm talking 536 00:28:00,600 --> 00:28:02,920 about combat, I'm talking about information narrative trench 537 00:28:02,920 --> 00:28:05,280 warfare. It's, it's a war over hearts and 538 00:28:05,280 --> 00:28:07,880 minds of individuals. So this is a bait and switch. 539 00:28:08,560 --> 00:28:12,480 Just because they don't call it a CBDC doesn't mean that it's 540 00:28:12,480 --> 00:28:15,920 not a fucking CBDC, right? And here's Christine Lagarde 541 00:28:15,920 --> 00:28:18,400 saying we've made significant progress towards ensuring we are 542 00:28:18,400 --> 00:28:20,960 ready to issue a digital year in the future if needed. 543 00:28:21,360 --> 00:28:22,840 We look, if needed. That's bullshit. 544 00:28:22,840 --> 00:28:26,320 Again, you have to pay attention not to what they say, but pay 545 00:28:26,320 --> 00:28:27,800 attention to what they do, right? 546 00:28:28,040 --> 00:28:31,320 Oh, we're doing this if needed. You know, that reminds me of 547 00:28:31,720 --> 00:28:34,640 when the Federal Reserve is telling you they're not 548 00:28:34,720 --> 00:28:37,440 investigating into, they're not looking into a central bank 549 00:28:37,440 --> 00:28:41,320 digital currency. But you had Tom Emmer, the GOP, 550 00:28:41,920 --> 00:28:45,120 I think majority whip. And he was basically saying 551 00:28:45,120 --> 00:28:49,200 like, look, I got a report to my office and one of the mission 552 00:28:49,200 --> 00:28:51,280 statements of the Federal Reserve right now is 553 00:28:51,280 --> 00:28:53,280 investigating a central bank digital currency. 554 00:28:53,280 --> 00:28:55,640 So what is it you guys are telling me one thing on one hand 555 00:28:55,640 --> 00:28:56,880 and the other thing on the other hand. 556 00:28:57,160 --> 00:29:00,320 And then you see the movements from the states, right? 557 00:29:00,480 --> 00:29:03,600 I think I saw shout out to Satoshi action fund. 558 00:29:03,600 --> 00:29:06,920 It was breaking news that the state of Louisiana passed a law 559 00:29:07,160 --> 00:29:09,720 that would make it illegal for a central bank digital currency to 560 00:29:09,720 --> 00:29:12,960 be rolled out. The state of Florida is the is 561 00:29:12,960 --> 00:29:15,760 the same they they already passed the law. 562 00:29:16,160 --> 00:29:20,240 So this is incredibly popular to the point that now it's entered 563 00:29:20,240 --> 00:29:22,360 into the mainstream political discussion. 564 00:29:22,600 --> 00:29:25,520 You have the president of, you know, the potential president of 565 00:29:25,520 --> 00:29:28,520 the United States, Donald Trump, and also RFK Junior that are 566 00:29:28,520 --> 00:29:31,360 running against Joe Biden basically saying under my 567 00:29:31,360 --> 00:29:34,480 presidency, we would never allow central bank digital currency 568 00:29:34,680 --> 00:29:37,280 and we would be pro Bitcoin. And then the other side, they're 569 00:29:37,280 --> 00:29:40,200 not saying much. They even walked back their anti 570 00:29:40,200 --> 00:29:44,080 Bitcoin stance on, you know, in wording, not really in actions 571 00:29:44,560 --> 00:29:46,560 because they realize how unpopular this is. 572 00:29:46,720 --> 00:29:49,600 Now. That's like, do we really live 573 00:29:49,600 --> 00:29:52,000 in a democracy? Is, is the government really 574 00:29:52,000 --> 00:29:55,440 representative of the people? If they're marching full steam 575 00:29:55,440 --> 00:29:59,320 ahead with a central bank digital currency, even though 576 00:29:59,320 --> 00:30:02,080 it's not popular with their to the point that they have to lie 577 00:30:02,080 --> 00:30:04,720 to you and gaslight you and tell you we're actually not looking 578 00:30:04,720 --> 00:30:08,360 into this, but they are in the case in the United States and 579 00:30:08,360 --> 00:30:09,640 Europe. They they don't give a flying 580 00:30:09,640 --> 00:30:11,160 fuck at this point. They're just like, you know, you 581 00:30:11,160 --> 00:30:12,440 guys are just going to have to take it. 582 00:30:12,840 --> 00:30:15,400 But this isn't needed. Like people aren't asking for 583 00:30:15,400 --> 00:30:17,720 this. The reason they're so hell bent 584 00:30:17,760 --> 00:30:20,480 on rolling this out. Christine Lagarde said this. 585 00:30:20,560 --> 00:30:23,800 These are her words. She's like, we're at risk of 586 00:30:23,800 --> 00:30:27,840 losing the, the central bank, losing control and losing power 587 00:30:28,000 --> 00:30:30,120 if we don't have a digital currency. 588 00:30:30,320 --> 00:30:34,400 And that's what it's about, break free from the shackles of 589 00:30:34,400 --> 00:30:36,880 Fiat currency because it is literal slavery. 590 00:30:36,880 --> 00:30:42,480 Like even if even if you take out the the currency 591 00:30:43,240 --> 00:30:46,320 confiscation, even if you take out the censorship, even if you 592 00:30:46,320 --> 00:30:49,800 take out the capital controls, if you take out all of that 593 00:30:49,800 --> 00:30:54,080 stuff, it's still slavery because the money that you spend 594 00:30:54,120 --> 00:30:58,680 hours and time and energy working for is constantly 595 00:30:58,680 --> 00:31:02,760 stealing from you. What is that but not slavery? 596 00:31:03,320 --> 00:31:07,240 We are already like somehow they si upped us into the social 597 00:31:07,240 --> 00:31:09,640 contract of income tax. That's a whole other rabbit 598 00:31:09,640 --> 00:31:12,880 hole. But most people have not agreed 599 00:31:13,320 --> 00:31:16,440 to the tax of inflation. And make no mistakes, it is a 600 00:31:16,440 --> 00:31:19,400 tax, right? So it's our responsibility to 601 00:31:19,400 --> 00:31:23,320 really wake people up. A digital currency issued by a 602 00:31:23,320 --> 00:31:27,000 central bank isn't going to solve inflation, and that is 603 00:31:27,000 --> 00:31:30,560 what Bitcoin solves anyways. So let's move on to the official 604 00:31:30,560 --> 00:31:33,320 post because it's bullshit. Let's highlight it. 605 00:31:33,600 --> 00:31:35,080 Here's the European Central Bank. 606 00:31:35,080 --> 00:31:37,800 We've published a report summarizing our progress in the 607 00:31:37,800 --> 00:31:41,080 Digital Euro project since the preparation phase they started 608 00:31:41,360 --> 00:31:46,200 on one November 2023. I bet you this fucking thing is 609 00:31:46,200 --> 00:31:48,000 way longer than the Bitcoin white paper. 610 00:31:48,480 --> 00:31:51,840 A digital euro would provide an all in one digital payment 611 00:31:51,840 --> 00:31:53,600 solution that is accessible to all. 612 00:31:53,760 --> 00:31:55,200 Should it be issued, right? Should it? 613 00:31:55,280 --> 00:31:56,720 It's not a central bank digital currency. 614 00:31:56,720 --> 00:31:59,640 It's actually a digital euro and we actually haven't issued it 615 00:31:59,640 --> 00:32:01,840 anyways, but it could be issued in the future. 616 00:32:01,840 --> 00:32:04,520 Like fuck you. All right, I got to say it. 617 00:32:04,800 --> 00:32:06,480 Like fuck you. I don't believe you at this 618 00:32:06,480 --> 00:32:09,080 point. It would make our payments 619 00:32:09,080 --> 00:32:12,280 market more innovative, resilient and less dependent on 620 00:32:12,280 --> 00:32:15,600 non European schemes. And this part is extremely 621 00:32:15,600 --> 00:32:17,480 insidious. Why is it insidious? 622 00:32:17,720 --> 00:32:22,240 Because essentially they're commingling that somehow Fiat 623 00:32:22,240 --> 00:32:26,960 money represents Europe like the euro represents Europe. 624 00:32:27,480 --> 00:32:32,880 I would say that Fiat money is a representation of the state. 625 00:32:33,400 --> 00:32:35,680 It is not a representation of the people. 626 00:32:36,120 --> 00:32:39,160 The state has a monopoly on the issuance of Fiat money. 627 00:32:39,200 --> 00:32:43,040 It has control on Fiat money. It completely controls the 628 00:32:43,040 --> 00:32:45,840 thing. Bitcoin could be made by anyone 629 00:32:45,840 --> 00:32:48,880 if you invest in the proper infrastructure, right? 630 00:32:49,000 --> 00:32:50,560 You can hold. It doesn't care about your 631 00:32:50,560 --> 00:32:53,080 nationality, doesn't care about capital controls, doesn't care 632 00:32:53,080 --> 00:32:54,880 about sanctions. Anyone. 633 00:32:54,880 --> 00:32:57,200 No matter where you are in the world, you can download a 634 00:32:57,200 --> 00:32:59,360 Bitcoin wallet. And now you can interact with 635 00:32:59,360 --> 00:33:01,600 the global economy. You can't do that with the 636 00:33:01,600 --> 00:33:04,440 fucking digital euro. You can't do that with, you 637 00:33:04,440 --> 00:33:06,880 know, it's an American CBDC and all that stuff. 638 00:33:07,120 --> 00:33:10,000 They don't want to let they they still want to psyop you into 639 00:33:10,000 --> 00:33:13,240 thinking that somehow you're non European because you don't use 640 00:33:13,560 --> 00:33:17,560 the cocked state money, which is absolutely bullshit. 641 00:33:17,720 --> 00:33:22,920 So anyways, here's more examples of just the absolute gaslighting 642 00:33:23,200 --> 00:33:28,440 and we can go completely against Joe Biden because he's against 643 00:33:28,440 --> 00:33:31,840 Bitcoin and you guys know, you guys know the deal on the show. 644 00:33:32,000 --> 00:33:34,480 We don't need left to right. We don't care about Democrat, 645 00:33:34,480 --> 00:33:36,720 Republican, but we are single issue voters. 646 00:33:36,800 --> 00:33:39,600 We are pro the candidates that are pro Bitcoin like Donald 647 00:33:39,600 --> 00:33:44,040 Trump and RFK and we are anti we are against the candidates that 648 00:33:44,040 --> 00:33:46,600 are against Bitcoin. The Joe Biden administration has 649 00:33:46,600 --> 00:33:49,600 been extremely against Bitcoin. We've covered that in depth on 650 00:33:49,600 --> 00:33:51,880 this show. This is the definition of 651 00:33:51,880 --> 00:33:55,360 gaslighting. OK, Inflation was 0 on a monthly 652 00:33:55,360 --> 00:33:59,360 basis, monthly basis in May. This is welcome progress, but 653 00:33:59,360 --> 00:34:02,560 prices are still too high. That's why I'm fighting to lower 654 00:34:02,560 --> 00:34:05,720 cost by increasing rental assistance, taking on big 655 00:34:05,720 --> 00:34:08,440 pharma, and investing in affordable clean energy. 656 00:34:08,560 --> 00:34:10,800 I want to focus on this part investing. 657 00:34:10,920 --> 00:34:14,520 So that means that you are you are fucking spending money. 658 00:34:14,880 --> 00:34:17,920 You're printing money to tackle a four. 659 00:34:18,040 --> 00:34:20,920 This is the gaslight. This is the gaslight of the 660 00:34:20,920 --> 00:34:24,760 century. He's basically saying, guys, 661 00:34:25,199 --> 00:34:28,719 even though we cause inflation, we are the issue to inflation. 662 00:34:28,960 --> 00:34:32,800 The the the solution to inflation is less government. 663 00:34:32,800 --> 00:34:35,800 The solution to inflation is not the government. 664 00:34:35,960 --> 00:34:40,280 The solution to inflation is not a president like Joe Biden, like 665 00:34:40,280 --> 00:34:44,320 Donald Trump, like RFK Junior. The solution to inflation is the 666 00:34:44,320 --> 00:34:47,880 separation of money in state. And they won't be able to 667 00:34:47,880 --> 00:34:51,480 gaslight you when they, the only way that they're able to raise 668 00:34:51,480 --> 00:34:54,679 revenue, including pay themselves is via direct 669 00:34:54,760 --> 00:34:56,320 taxation. They won't be able to gaslight 670 00:34:56,320 --> 00:34:59,080 you like this, right? So this is bullshit. 671 00:34:59,160 --> 00:35:02,120 And here's some awesome Bitcoiners explaining in the 672 00:35:02,120 --> 00:35:03,440 comments. This is what we talked about 673 00:35:03,440 --> 00:35:05,120 when we talked about narrative trench warfare. 674 00:35:05,320 --> 00:35:07,160 These are examples of that. You have the president of the 675 00:35:07,160 --> 00:35:10,160 United States gaslighting everyone and then you have 676 00:35:10,160 --> 00:35:12,000 bitcoiners saying that's not true. 677 00:35:12,040 --> 00:35:15,520 This is why this is the importance of you making your 678 00:35:15,520 --> 00:35:18,040 voice heard. Here's Walker America huge fan 679 00:35:18,040 --> 00:35:21,920 of his content says inflation compounds inflation was not 0. 680 00:35:22,080 --> 00:35:25,560 Inflation increased but at the same same rate of increase as 681 00:35:25,560 --> 00:35:29,120 the prior month. Bob Burnett work won't work. 682 00:35:29,120 --> 00:35:31,520 Balance the budget and stop printing money instead. 683 00:35:32,400 --> 00:35:34,800 Corn neck does. Inflation was 0 on a monthly 684 00:35:34,800 --> 00:35:36,920 basis in May. So the cost of your adult 685 00:35:37,040 --> 00:35:39,800 diapers may not go in May. Here's Steven. 686 00:35:39,800 --> 00:35:42,840 Inflation year over year is what is crushing the American people. 687 00:35:42,960 --> 00:35:46,480 This is absolutely the fault of Joe Biden and his handlers going 688 00:35:46,480 --> 00:35:48,240 absolutely savage. Here's clown world. 689 00:35:48,240 --> 00:35:49,920 Are you serious? People are struggling to afford 690 00:35:49,920 --> 00:35:52,080 groceries and you seem completely out of touch with the 691 00:35:52,080 --> 00:35:54,760 reality. I don't agree this is on 692 00:35:54,760 --> 00:35:56,960 purpose. You have to understand this is 693 00:35:56,960 --> 00:36:00,480 on purpose, just like this and the wording that they're using, 694 00:36:00,960 --> 00:36:02,360 right? This is on purpose. 695 00:36:02,360 --> 00:36:04,560 You saw they mentioned digital physical cash. 696 00:36:04,800 --> 00:36:07,280 They're trying to let you know that this isn't going to replace 697 00:36:07,280 --> 00:36:10,240 physical cash, right? So they're trying to sneak this 698 00:36:10,240 --> 00:36:12,360 in. This is bullshit. 699 00:36:13,080 --> 00:36:15,680 The state shouldn't run people's lives. 700 00:36:15,680 --> 00:36:20,080 The state doesn't know better. I think the last four years have 701 00:36:20,080 --> 00:36:25,400 shown the utter catastrophes of the unintended consequences of 702 00:36:25,400 --> 00:36:28,840 censorship, the unintended consequences of a bureaucratic 703 00:36:28,840 --> 00:36:33,040 elite getting to dictate how people should run their lives, 704 00:36:33,240 --> 00:36:37,080 people losing their livelihoods because they didn't decide to do 705 00:36:37,480 --> 00:36:40,040 to, to make certain medical decisions, right? 706 00:36:40,320 --> 00:36:43,680 Not to mention the potential war, like the nuclear war in 707 00:36:43,720 --> 00:36:47,360 Ukraine, right? Potential this is this is all 708 00:36:47,360 --> 00:36:50,960 the state, this is Allstate. This is all government that you 709 00:36:50,960 --> 00:36:53,160 have to under like people have to get that through their heads. 710 00:36:53,520 --> 00:36:56,400 And how is this whole entire system funded? 711 00:36:57,120 --> 00:36:59,920 They print fucking money the the central bank. 712 00:36:59,920 --> 00:37:04,120 It just gives them the ability to play God and essentially 713 00:37:04,120 --> 00:37:07,440 create money for free out of nothing that the rest of us 714 00:37:07,440 --> 00:37:11,400 peasants, because that's how they see us have to work for and 715 00:37:11,400 --> 00:37:15,280 that is absolutely absurd. So if you want World Peace, if 716 00:37:15,280 --> 00:37:17,800 you want to be able to save for a better future, if you want to 717 00:37:17,800 --> 00:37:20,120 live the American dream no matter where you are in the 718 00:37:20,120 --> 00:37:22,840 world, get on a Bitcoin standard. 719 00:37:23,000 --> 00:37:25,640 And the beauty of Bitcoin is as soon as you adopt it and you put 720 00:37:25,640 --> 00:37:28,280 it into cold storage, definitely get yourself a passport hardware 721 00:37:28,280 --> 00:37:30,440 wallet. You are part of the revolution. 722 00:37:30,640 --> 00:37:33,680 You are part of the movement of the separation of money and 723 00:37:33,680 --> 00:37:34,640 state. You're part of it. 724 00:37:35,040 --> 00:37:36,840 That's all you got to do is buy Bitcoin and Bitcoin buying 725 00:37:36,840 --> 00:37:38,400 Bitcoin, put in cold storage. That's it. 726 00:37:38,400 --> 00:37:41,880 You're part of this revolution. You're, you're enacting change, 727 00:37:42,080 --> 00:37:45,200 not through the democratic process they say is the end all 728 00:37:45,200 --> 00:37:48,200 be all, but through a process of opting out of their system 729 00:37:48,200 --> 00:37:49,800 entirely. And I'll tell you this guys, 730 00:37:49,920 --> 00:37:54,600 it's 100% voluntary and it's 100% done by incentives. 731 00:37:54,920 --> 00:38:00,360 Their CBDC system, their euro system is 100% a coercive 732 00:38:00,360 --> 00:38:02,600 system. They're not going to get people 733 00:38:02,600 --> 00:38:04,360 to sign up to this shit voluntarily. 734 00:38:04,480 --> 00:38:08,000 They're going to coerce people and then hide behind, oh, this 735 00:38:08,000 --> 00:38:11,400 is good for the greater good. Fuck you bullshit. 736 00:38:11,400 --> 00:38:14,840 I remember what you did in 2008. You fucked the rest of us. 737 00:38:14,920 --> 00:38:18,560 You bailed out the bankers. No bankers went to jail, and you 738 00:38:18,560 --> 00:38:22,040 completely stole the time and energy of the zoomer millennial 739 00:38:22,040 --> 00:38:24,040 generation. So I don't believe you guys 740 00:38:24,040 --> 00:38:26,400 anymore. And that's why Bitcoin was born 741 00:38:26,600 --> 00:38:28,600 and that's why we're here, and that's why we're going to 742 00:38:28,600 --> 00:38:31,040 fucking win because we don't believe what you have to say 743 00:38:31,040 --> 00:38:32,840 anymore. It's fucking bullshit. 744 00:38:32,840 --> 00:38:36,280 And now we have the Internet. We can combat you peer-to-peer. 745 00:38:36,280 --> 00:38:38,760 That's why you hate this. This is why journalists love the 746 00:38:38,760 --> 00:38:41,960 ability to just control the fucking narrative all the time. 747 00:38:42,440 --> 00:38:45,200 Look, I have an actual video of Elon talking about this. 748 00:38:45,920 --> 00:38:48,480 There's another type of phenomenon that we're all living 749 00:38:48,480 --> 00:38:50,840 through that people have to understand. 750 00:38:51,000 --> 00:38:55,440 This is the disintermediation of money and in for money, but this 751 00:38:55,440 --> 00:38:59,520 is also the disintermediation of information because the Internet 752 00:38:59,520 --> 00:39:03,480 allows mass scale peer-to-peer communications, right? 753 00:39:03,760 --> 00:39:07,560 So let's check out Elon. He has about 3737 second clip. 754 00:39:07,880 --> 00:39:10,880 Also, he's in Miami for this. So shout out the three O 5 and 755 00:39:10,880 --> 00:39:12,680 then I'll pass it on to Octi and wicked. 756 00:39:12,960 --> 00:39:15,560 Now, the thing that that a lot of traditional journalists don't 757 00:39:15,560 --> 00:39:19,320 like is they don't like being put on the same platform as the 758 00:39:19,320 --> 00:39:21,440 average citizen. They don't like their voice 759 00:39:21,440 --> 00:39:24,000 being it's the same. They're pretty mad about that. 760 00:39:24,160 --> 00:39:26,800 I, I think it's very important to, to elevate citizen 761 00:39:26,800 --> 00:39:29,000 journalism. I think it's very important to 762 00:39:29,000 --> 00:39:31,320 hear the voice of the people, the actual voice of the people, 763 00:39:31,760 --> 00:39:33,320 not the filtered voice of the people. 764 00:39:33,880 --> 00:39:36,320 And let the people choose the narrative and let the people 765 00:39:36,320 --> 00:39:41,320 determine the truth and. Not 5 editors in chiefs of major 766 00:39:41,320 --> 00:39:42,880 publications. Do you want to know what's 767 00:39:42,880 --> 00:39:44,840 really going on? Or, and that's it. 768 00:39:44,880 --> 00:39:48,600 Like it's as simple as that. Let the free market of ideas 769 00:39:49,320 --> 00:39:53,120 come to their own conclusions. Let's not let you know. 770 00:39:53,120 --> 00:39:57,880 A handful of editors get to determine what is the truth, 771 00:39:58,080 --> 00:40:01,640 what is not the truth, period. Anyways, Opti, what's your take 772 00:40:01,640 --> 00:40:03,880 bro? First and foremost, I got to 773 00:40:03,880 --> 00:40:07,520 give Nico some horn for the Nico Jones is so back today. 774 00:40:07,520 --> 00:40:10,800 I I was literally telling Nico last night like we need some 775 00:40:10,800 --> 00:40:12,760 good old fashioned Nico Jones rants. 776 00:40:12,760 --> 00:40:17,200 We we need to unleash Nico here. Anyways, going back to the CBDC 777 00:40:17,200 --> 00:40:20,840 or Digital Euronews first, the first thing that popped in my 778 00:40:20,840 --> 00:40:24,520 mind besides the fact that they completely rebranded the CBDC 779 00:40:24,520 --> 00:40:26,440 project to just leave the Digital Euro. 780 00:40:26,680 --> 00:40:30,440 It's absolutely incredible that they are obviously listening. 781 00:40:30,440 --> 00:40:33,080 And I think I said this last week where it's becoming very 782 00:40:33,080 --> 00:40:35,120 obvious that they're listening to what people are saying on the 783 00:40:35,120 --> 00:40:37,400 Internet and then they're trying to craft their narratives in 784 00:40:37,400 --> 00:40:39,880 such a way so that they don't get the backlash from everyone 785 00:40:39,880 --> 00:40:42,040 on Twitter. And I think this is one of those 786 00:40:42,040 --> 00:40:45,760 moves right here where like good catch on the digital Euro not no 787 00:40:45,760 --> 00:40:48,320 longer being called the central bank digital Euro project or 788 00:40:48,320 --> 00:40:50,360 whatever. It's just simply the digital 789 00:40:50,360 --> 00:40:52,120 euro. And again, when I heard the 790 00:40:52,120 --> 00:40:54,480 digital year, my first thoughts was always like, the euro is 791 00:40:54,480 --> 00:40:56,960 already digital. All fuel currencies are already 792 00:40:56,960 --> 00:40:59,200 digital. Like if you understand that, 793 00:40:59,200 --> 00:41:01,720 then what's the real, what's the real thing? 794 00:41:01,720 --> 00:41:04,200 What's the real need for the digital euro project or central 795 00:41:04,200 --> 00:41:06,040 bank digital currency? And that's where the narrative 796 00:41:06,040 --> 00:41:08,680 falls off because they always frame it in the same way. 797 00:41:08,680 --> 00:41:18,000 They're always like, oh, this is for all in But you can tell that 798 00:41:18,000 --> 00:41:20,320 the gas sliding is strong and that a lot of people still 799 00:41:20,320 --> 00:41:22,760 believe that Bitcoin is only about digital payments. 800 00:41:23,040 --> 00:41:26,960 And until that, until we work on educating people on that idea 801 00:41:26,960 --> 00:41:29,760 that Bitcoin isn't just about digital payments, it's not about 802 00:41:29,760 --> 00:41:34,400 paying better on the Internet, it's about keeping your saving, 803 00:41:34,400 --> 00:41:38,040 it's about fighting inflation. And they never once ever talk 804 00:41:38,040 --> 00:41:39,680 about inflation being the problem. 805 00:41:39,840 --> 00:41:41,520 And when they do, they gas like you. 806 00:41:41,520 --> 00:41:45,560 Like that Joe Biden tweet there where he literally talked about 807 00:41:45,560 --> 00:41:47,440 things that are going to increase inflation. 808 00:41:47,440 --> 00:41:49,840 They basically said like, we're going to spend more money here, 809 00:41:49,920 --> 00:41:51,840 we're going to print more money and this is going to fix 810 00:41:51,840 --> 00:41:55,000 inflation. And people out there think that 811 00:41:55,000 --> 00:41:57,840 this is an actual fix, like he should be embarrassed that he 812 00:41:57,840 --> 00:42:00,320 actually tweeted that because none of those things will fix 813 00:42:00,320 --> 00:42:02,480 inflation. The real problem, like you know, 814 00:42:02,480 --> 00:42:04,600 Walker was saying, is that they're printing obscene amount 815 00:42:04,600 --> 00:42:05,960 of money. They're going to continue to 816 00:42:05,960 --> 00:42:07,520 print money. They have to keep printing 817 00:42:07,520 --> 00:42:09,200 money. This is how the Fiat systems 818 00:42:09,200 --> 00:42:13,000 work and it's just it really the first one that really grind my 819 00:42:13,000 --> 00:42:14,040 gears. It's like, you know how we're 820 00:42:14,040 --> 00:42:15,520 going to we're going to fix inflation. 821 00:42:15,760 --> 00:42:18,360 We're going to increase rental assistance, like we're going to 822 00:42:18,360 --> 00:42:21,320 add on to the welfare and print more money and that's going to 823 00:42:21,320 --> 00:42:24,200 help your inflation guys, which just goes to show that most 824 00:42:24,200 --> 00:42:27,280 people don't understand basic economics and they will continue 825 00:42:27,280 --> 00:42:29,600 to gas item on purpose. Exactly. 826 00:42:29,880 --> 00:42:31,000 Don't they don't teach that at school. 827 00:42:31,000 --> 00:42:33,520 There's very like famous Charlie Kirk video. 828 00:42:33,920 --> 00:42:35,240 And he's like kind of doing interviews. 829 00:42:35,480 --> 00:42:36,960 And he was just like interviewing people. 830 00:42:36,960 --> 00:42:40,040 Like do they teach Mises? Like do they teach Hayek? 831 00:42:40,040 --> 00:42:41,600 Do they teach whatever? And then he's like, no, they 832 00:42:41,600 --> 00:42:43,680 don't teach. And then and and and Charlie 833 00:42:43,680 --> 00:42:47,120 Kirk Riley shows like, so you're not going to school, you're 834 00:42:47,120 --> 00:42:50,120 being propagandized, right? So this is what people have to 835 00:42:50,120 --> 00:42:52,400 understand is that people are being taught Kenzie and 836 00:42:52,400 --> 00:42:54,120 economics. People are being taught that 837 00:42:54,120 --> 00:42:59,600 somehow inflation is a fact of life, which is like, think about 838 00:42:59,600 --> 00:43:02,360 that for a second. Like they've psyopt a huge 839 00:43:02,360 --> 00:43:05,920 portion of the population into thinking that money has to lose 840 00:43:05,920 --> 00:43:08,760 purchasing power to function like and that's where we have to 841 00:43:08,760 --> 00:43:11,720 keep pressing. They don't have a good answer to 842 00:43:11,720 --> 00:43:12,480 that. They don't have a good. 843 00:43:12,480 --> 00:43:15,160 Response but my roads, my roads bro and. 844 00:43:15,280 --> 00:43:16,920 We'll, we'll get it. We'll do an episode on that 845 00:43:16,920 --> 00:43:18,840 anyways, Wicked. What's your take on all this, 846 00:43:18,840 --> 00:43:21,160 bro? The gaslighting, the propaganda 847 00:43:21,400 --> 00:43:24,120 and and also I would say the winning because if we weren't 848 00:43:24,120 --> 00:43:26,520 winning then they wouldn't change, They wouldn't rebrand 849 00:43:27,280 --> 00:43:32,160 the the Euro, the European CBDC. Yeah, I mean, I'm, I'm always 850 00:43:32,560 --> 00:43:35,600 kind of on the lookout for what are some of the things that 851 00:43:35,600 --> 00:43:40,160 they're doing to try to coerce us into adopting ACBDC or, you 852 00:43:40,160 --> 00:43:42,040 know, as they're calling it a digital euro now. 853 00:43:42,720 --> 00:43:48,560 And I think the big thing that we'll start to see is Ubi start 854 00:43:48,560 --> 00:43:51,720 to get rolled out, especially as financial markets start to 855 00:43:51,720 --> 00:43:53,960 crumble, right at an accelerated rate. 856 00:43:54,200 --> 00:43:56,680 We might actually enter a recession or a depression at 857 00:43:56,680 --> 00:44:00,200 some point. And when they turn on the, the, 858 00:44:00,240 --> 00:44:04,120 the QE machines, they're going to need a way to distribute 859 00:44:04,120 --> 00:44:05,920 those funds. And I don't know if they're 860 00:44:05,920 --> 00:44:07,600 going to cut checks like last time. 861 00:44:07,760 --> 00:44:11,600 I think this time they're trying to roll out a CBDC so that they 862 00:44:11,600 --> 00:44:14,320 can say, listen, you just download this CBDC app and then 863 00:44:14,320 --> 00:44:18,520 we'll give you your Ubi checks to help you with, you know, all 864 00:44:18,520 --> 00:44:23,280 of your struggles in life. But what they won't say is how, 865 00:44:24,160 --> 00:44:26,440 you know, those CBDCS are going to, they're going to have 866 00:44:26,440 --> 00:44:28,880 capital controls, they're going to have restrictions and they're 867 00:44:28,880 --> 00:44:33,400 going to lock you into, you know, a situation that you're 868 00:44:33,400 --> 00:44:35,240 not going to be aware of until it's too late. 869 00:44:35,240 --> 00:44:37,720 And so you're going to get free money, but you're only going to 870 00:44:37,720 --> 00:44:40,680 be able to buy very limited things with it. 871 00:44:40,680 --> 00:44:43,720 Maybe it'll help you pay rent and and those types of things 872 00:44:43,720 --> 00:44:47,480 and I don't know sure. I mean it's hard to say you 873 00:44:47,480 --> 00:44:49,880 wouldn't take it right? Like if the government says, 874 00:44:49,880 --> 00:44:52,520 hey, download this app and we'll help you pay your rent, are you 875 00:44:52,520 --> 00:44:54,520 going to are you going to decline that or are you going to 876 00:44:54,520 --> 00:44:56,240 I? Would love dude, if they gave, 877 00:44:56,400 --> 00:44:58,400 if they were like you be like yeah, fuck yeah. 878 00:44:58,520 --> 00:45:00,240 I'm going to put that into. Bitcoin bro. 879 00:45:00,240 --> 00:45:02,040 Well, that's but listen though, 2020 is like, yeah, give. 880 00:45:03,600 --> 00:45:05,440 Me free money. I bought Bitcoin with it. 881 00:45:05,480 --> 00:45:07,680 It was. Great, it was this attack. 882 00:45:08,200 --> 00:45:09,480 This is exactly what I'm saying though, right? 883 00:45:09,480 --> 00:45:12,640 Like, like the, the, the 2020 checks, you could, you could 884 00:45:12,800 --> 00:45:16,720 spend on whatever you wanted, but if they did it via CBDC, you 885 00:45:16,720 --> 00:45:19,640 wouldn't be able to. And so I think that's the next, 886 00:45:19,760 --> 00:45:24,200 the next kind of, you know, pumping of liquidity into the 887 00:45:24,200 --> 00:45:29,160 system when things start to fail might be rolled out with a CBDC 888 00:45:29,160 --> 00:45:31,200 so that they can be more restrictive with how you can 889 00:45:31,200 --> 00:45:35,280 spend these things. Now, again, sure, you want to 890 00:45:35,280 --> 00:45:37,600 help me pay my rent. Great, help me pay my rent. 891 00:45:37,600 --> 00:45:40,480 And then that excess capital will go into Bitcoin. 892 00:45:40,480 --> 00:45:42,840 So you know, it's like either way, I'm getting more Bitcoin, 893 00:45:43,480 --> 00:45:46,120 but I don't think you'll be able to buy Bitcoin with the CBDC 894 00:45:46,120 --> 00:45:48,680 that they give you through Ubi. Amen, Amen. 895 00:45:48,680 --> 00:45:51,640 No, of course, because it's it's an attack like they're just 896 00:45:51,880 --> 00:45:53,760 giving you this fake money and you're buying something that's 897 00:45:53,760 --> 00:45:56,120 absolute scarcity. You're you're nearly like 898 00:45:56,120 --> 00:45:58,920 attacking the system on a much smaller scale that Michael 899 00:45:58,920 --> 00:46:01,640 Saylor is like speculatively attacking the dollar using the 900 00:46:01,640 --> 00:46:04,360 infinite money glitch, but it's essentially the same, right? 901 00:46:04,360 --> 00:46:07,160 It's like they're using that, they're using their system in 902 00:46:07,160 --> 00:46:09,320 order to buy something with absolute scarcity. 903 00:46:09,320 --> 00:46:12,440 That's a one way road, right? Anyways, before we move on to 904 00:46:12,440 --> 00:46:14,720 the culture to give a very special shout out to our sponsor 905 00:46:14,720 --> 00:46:16,840 and of course time out the orange pull up the orange pull 906 00:46:16,840 --> 00:46:19,840 up is the Bitcoin social layer stack friends who stacks sats 907 00:46:19,840 --> 00:46:23,600 join the 10,826 bit corners that are currently on the app. 908 00:46:23,800 --> 00:46:26,120 It's a really cool app has a clever filtration system, so you 909 00:46:26,120 --> 00:46:28,120 only find fellow bit corners that are currently on the 910 00:46:28,120 --> 00:46:31,920 application and also has a really clever geographical 911 00:46:31,920 --> 00:46:33,160 feature. So if you're traveling, you're 912 00:46:33,160 --> 00:46:35,880 on the go and you don't know any bitcoiners near you, you pull up 913 00:46:35,880 --> 00:46:38,160 the orange pull up and it will literally show you the 914 00:46:38,160 --> 00:46:40,000 bitcoiners geographically that are near you. 915 00:46:40,000 --> 00:46:42,880 So if you're going to a new city, you move to a new city and 916 00:46:42,880 --> 00:46:45,160 everyone's a no coiner, the orange pull up is for you. 917 00:46:45,160 --> 00:46:48,160 It's so the best way to reach me directly, send me a DM on the 918 00:46:48,160 --> 00:46:49,720 Orange Pillow app and I will get back to you. 919 00:46:49,720 --> 00:46:51,520 All right, everybody, let's get to the culture. 920 00:46:51,520 --> 00:46:55,920 Lots to talk about. The daily culture. 921 00:47:02,800 --> 00:47:05,080 Give a shout out to our sponsor Kaboom Racks, the most trusted 922 00:47:05,080 --> 00:47:07,000 place to buy, sell and host mining equipment. 923 00:47:07,000 --> 00:47:09,200 And to check out the racks, scan the QR code on your screen. 924 00:47:09,440 --> 00:47:12,160 Take you directly to their Telegram marketplace. 925 00:47:12,160 --> 00:47:13,880 You can connect with a member of their sales team. 926 00:47:14,040 --> 00:47:16,160 They make purchasing their products easy and transparent. 927 00:47:16,160 --> 00:47:18,600 You could also sell your mining equipment with Kaboom Racks. 928 00:47:18,600 --> 00:47:21,080 Access their vast network of domestic and international 929 00:47:21,080 --> 00:47:22,760 customers. When you sell your mining 930 00:47:22,760 --> 00:47:24,880 equipment with Kaboom Racks, what are you waiting for? 931 00:47:24,880 --> 00:47:27,720 Start your mining journey today. Check out Kaboom Racks. 932 00:47:27,720 --> 00:47:30,520 Also, if you're interested in hosting, check out their special 933 00:47:30,520 --> 00:47:32,720 sale that's going on right now. They're offering an instant 934 00:47:32,800 --> 00:47:36,800 hosting for the S 19 S 19 K Pro 120 tear hashes. 935 00:47:36,920 --> 00:47:38,760 You own the minor. This is not a hash rate 936 00:47:38,760 --> 00:47:41,360 contract. Your hash rate goes online right 937 00:47:41,360 --> 00:47:44,400 after your payment is confirmed. So check out kaboom racks today, 938 00:47:44,400 --> 00:47:47,640 scan the QR code or check the link in the video slash podcast 939 00:47:47,640 --> 00:47:49,920 description. Anyways, I'm going to move it on 940 00:47:49,920 --> 00:47:52,160 because we have a very special guest today. 941 00:47:52,160 --> 00:47:55,400 We have wicked in the house. Wicked is incredibly wicked at 942 00:47:55,400 --> 00:47:58,800 creating these amazing kind of graphical interfaces. 943 00:47:59,480 --> 00:48:02,280 You kind of explaining the, you know, the price action of 944 00:48:02,280 --> 00:48:05,360 history, just breaking it down. And it's incredibly popular. 945 00:48:05,360 --> 00:48:08,840 It's really, really good work. So Wicked. 946 00:48:08,840 --> 00:48:13,480 Thank you for joining us man. Yeah, glad to be here. 947 00:48:13,920 --> 00:48:14,640 Awesome. OK. 948 00:48:14,640 --> 00:48:16,760 All right, I'm going to pivot here before we get to some of 949 00:48:16,760 --> 00:48:18,920 these charts because we were going to talk about this earlier 950 00:48:19,320 --> 00:48:21,960 before we even went on. Nico was asking Wicked his 951 00:48:21,960 --> 00:48:24,560 thoughts on diminishing returns. And I feel like that might be a 952 00:48:24,560 --> 00:48:27,280 good place to start. And then we'll pivot into Wicked 953 00:48:27,280 --> 00:48:30,000 becoming a bits maxi, which I know is going to trigger 954 00:48:30,000 --> 00:48:32,920 everyone in the chat. So let's just start with the 955 00:48:32,920 --> 00:48:34,520 Wicked. What's your thoughts on the 956 00:48:34,520 --> 00:48:37,080 diminishing returns meme? I know this has been kind of a 957 00:48:37,080 --> 00:48:40,440 constant thread going on on the Bitcoin space recently. 958 00:48:40,440 --> 00:48:44,280 And, and I know you look at the, the Bitcoin price very intently 959 00:48:44,280 --> 00:48:46,760 and, and you tried to parse out what's going on with the Bitcoin 960 00:48:46,760 --> 00:48:50,000 price action today, where we are in the future and you know, 961 00:48:50,000 --> 00:48:53,800 making at least a mental map of what we can expect moving 962 00:48:53,800 --> 00:48:55,040 forward. So what's your thought? 963 00:48:55,040 --> 00:48:56,960 General thoughts on diminishing returns? 964 00:48:57,760 --> 00:48:59,640 Yeah. I mean, I think that it's, it's 965 00:48:59,640 --> 00:49:02,920 a strong narrative and it's one that if you're just looking kind 966 00:49:02,920 --> 00:49:07,480 of epoch after epoch of the returns of Bitcoin, it seems as 967 00:49:07,480 --> 00:49:09,560 though they are diminishing, right. 968 00:49:09,560 --> 00:49:13,000 So just looking at the returns, we have 4 epochs that are 969 00:49:13,000 --> 00:49:15,400 completed now we're in the 5th, right? 970 00:49:15,400 --> 00:49:18,880 First epoch they had a return of Infinity because it went from 971 00:49:18,880 --> 00:49:23,280 zero to, you know, a price. Second epoch you got a 53 X. 972 00:49:23,440 --> 00:49:27,080 Third epoch you got a 14X. And the 4th epoch, the one that 973 00:49:27,080 --> 00:49:31,040 just finished, you got A7X. OK, so it's getting smaller and 974 00:49:31,040 --> 00:49:35,040 smaller and smaller. Everyone's expecting this next 975 00:49:35,040 --> 00:49:38,320 one to be even smaller. So what like a 2-3 or 4X, 976 00:49:38,320 --> 00:49:43,600 something like that. I think that I think that's 977 00:49:43,600 --> 00:49:45,600 bullshit. I think that we have, you know, 978 00:49:45,600 --> 00:49:48,680 at least another epoch or two where we could exceed the 979 00:49:48,680 --> 00:49:50,920 previous one. So we could exceed a return of 980 00:49:50,920 --> 00:49:55,000 7X, you know, over the maybe maybe this epoch or maybe the 981 00:49:55,000 --> 00:49:58,040 next one. The other thing that you have to 982 00:49:58,040 --> 00:50:01,520 consider is like, it's not just OK. 983 00:50:01,520 --> 00:50:04,800 So like you're considering purchasing power returns, right? 984 00:50:04,920 --> 00:50:09,240 And yes, there's a cap as to how valuable Bitcoin can get 985 00:50:09,240 --> 00:50:12,280 because, you know, if it gets more valuable than everything in 986 00:50:12,280 --> 00:50:16,080 the world, then that starts to not make much sense, right? 987 00:50:16,880 --> 00:50:19,680 But if you're just pricing things in terms of dollars and 988 00:50:19,680 --> 00:50:24,160 you know that dollars are inflating, then you know, you 989 00:50:24,160 --> 00:50:26,760 know that it's at a certain point the acceleration of the 990 00:50:26,760 --> 00:50:30,240 inflation of the dollar is going to get crazy. 991 00:50:30,680 --> 00:50:35,800 Like, you know, Weinmar status and then your quote UN quote 992 00:50:35,800 --> 00:50:40,480 returns in terms of dollars are going to be insane right now. 993 00:50:40,480 --> 00:50:43,360 Of course you won't care as much about it at that point because 994 00:50:43,360 --> 00:50:45,960 you'll just want Bitcoin. You'll start pricing things in 995 00:50:45,960 --> 00:50:49,960 terms of Bitcoin, but there will be an epoch in the future where 996 00:50:49,960 --> 00:50:53,000 the returns are Infinity again. People don't understand. 997 00:50:53,000 --> 00:50:54,040 It's like they don't rock it, right? 998 00:50:54,040 --> 00:50:56,560 It's like literally the dollar is going to 0, which means that 999 00:50:56,560 --> 00:50:58,680 the return in terms of bitcoins going to Infinity. 1000 00:50:58,680 --> 00:51:01,880 At some point there will be an epoch where we go to Infinity 1001 00:51:01,880 --> 00:51:05,680 returns again and then it will be over for the dollar and it'll 1002 00:51:05,680 --> 00:51:07,840 just be a Bitcoin standard at that point, so. 1003 00:51:08,560 --> 00:51:13,520 And those who have Bitcoin cause like if you look at countries 1004 00:51:13,520 --> 00:51:16,920 that experience this like kind of hyperinflationary period, 1005 00:51:17,080 --> 00:51:20,640 right? What tends to happen is if you 1006 00:51:20,640 --> 00:51:23,960 are holding on to like in the case of Argentina, for example, 1007 00:51:25,120 --> 00:51:27,640 if when Argentina was going through this, you know, and it 1008 00:51:27,640 --> 00:51:29,760 seems like Malay got it mostly under control. 1009 00:51:29,760 --> 00:51:36,440 But if you're going through that kind of period in history, what 1010 00:51:36,440 --> 00:51:39,800 tends to happen is if you're holding dollars, you're a king. 1011 00:51:40,120 --> 00:51:42,760 Like if you're holding the good currency. 1012 00:51:42,760 --> 00:51:44,760 And in this case, in the case of the dollar, be like, if you're 1013 00:51:44,760 --> 00:51:48,640 holding Bitcoin, you're gonna do very well, right? 1014 00:51:48,920 --> 00:51:50,240 Because everyone's gonna want it. 1015 00:51:50,520 --> 00:51:54,160 That's is hyperinflation doesn't happen because they because 1016 00:51:54,240 --> 00:51:56,560 there's a limit that gets hit because they printed so much 1017 00:51:56,560 --> 00:51:58,880 money. Hyperinflation is a phenomenon 1018 00:51:58,880 --> 00:52:03,360 where essentially the population, it reaches a 1019 00:52:03,360 --> 00:52:06,840 critical mass where enough people lose faith in the 1020 00:52:06,840 --> 00:52:10,440 currency and they all try to get rid of it at once, right? 1021 00:52:10,560 --> 00:52:14,320 That's what hyperinflation is and what always happens. 1022 00:52:14,320 --> 00:52:17,120 And and of course in in America, I don't think it's, I don't 1023 00:52:17,120 --> 00:52:20,240 think there's ever been a hyperinflationary period We're 1024 00:52:20,240 --> 00:52:23,280 about to brick go under. 50 I think we already went under 60K. 1025 00:52:23,280 --> 00:52:29,400 This is lagging over here. His block clock. 662-5090 OK, So 1026 00:52:29,400 --> 00:52:32,800 yeah, it's this is interesting price action, interesting price 1027 00:52:32,800 --> 00:52:35,240 action. But yeah, that that's what you 1028 00:52:35,240 --> 00:52:41,240 have to understand, right, is that that Bitcoin is keying in 1029 00:52:41,240 --> 00:52:43,560 these types of situations anyways. 1030 00:52:43,840 --> 00:52:45,720 Pass it on. Hold one thing. 1031 00:52:45,720 --> 00:52:48,240 Shit, it is a fucking giant candle. 1032 00:52:48,240 --> 00:52:49,400 Let me pull it. Up. 1033 00:52:49,400 --> 00:52:50,160 Go, go on. Wicked enough. 1034 00:52:50,160 --> 00:52:52,200 What? We, yeah, I was gonna say, I was 1035 00:52:52,200 --> 00:52:53,760 gonna say another thing, another thing. 1036 00:52:53,760 --> 00:52:57,760 So it's not just holding the superior, you know, money, 1037 00:52:57,800 --> 00:52:59,480 right? So if you're in Argentina, 1038 00:52:59,480 --> 00:53:01,840 you're holding dollars, you're doing a lot better than people 1039 00:53:01,840 --> 00:53:04,280 who are holding, I mean, Argentine pesos. 1040 00:53:04,600 --> 00:53:08,000 But it's, it's, it's also pricing your goods and services 1041 00:53:08,000 --> 00:53:10,200 in terms of the superior money, right? 1042 00:53:10,440 --> 00:53:13,480 Because if you're pricing your services in terms of the peso, 1043 00:53:13,480 --> 00:53:17,800 Argentine peso, and then it gets inflated, you have to now 1044 00:53:17,800 --> 00:53:21,160 renegotiate all of your prices way, way higher. 1045 00:53:21,160 --> 00:53:24,800 Whereas if you had been pricing them in terms of dollars, now 1046 00:53:24,800 --> 00:53:26,680 you know, you don't have to renegotiate, you're still 1047 00:53:26,680 --> 00:53:28,360 earning, you know, the same amount of dollars, right? 1048 00:53:28,680 --> 00:53:30,960 So same thing happens with Bitcoin. 1049 00:53:30,960 --> 00:53:33,440 It's like you're not only adopting it to hold it, but you 1050 00:53:33,440 --> 00:53:36,240 also have to adopt it as your unit of account so that when 1051 00:53:36,240 --> 00:53:39,960 your Fiat currency inflates, you don't have to renegotiate all 1052 00:53:39,960 --> 00:53:42,320 your prices if you have them already in Bitcoin. 1053 00:53:43,600 --> 00:53:45,400 Love it, love it. And and the perfect segue 1054 00:53:45,400 --> 00:53:48,960 because I know you wanted to talk about the bits versus SATS 1055 00:53:48,960 --> 00:53:51,440 debate and I think that's a perfect, I do have a tweet here 1056 00:53:51,440 --> 00:53:54,520 of yours, which let me pull that up as well while you go. 1057 00:53:54,520 --> 00:53:57,920 And I think the biggest take away that I got from just we, we 1058 00:53:57,920 --> 00:54:01,840 briefly talked about it before the show, but it's that no one's 1059 00:54:01,840 --> 00:54:04,480 bullish enough. I think that's a good indicator 1060 00:54:04,480 --> 00:54:07,440 of what we're talking about. But you just, you had this tweet 1061 00:54:07,440 --> 00:54:09,840 and you just hit this on the head a second ago. 1062 00:54:09,840 --> 00:54:11,920 You go, you should start measuring your net worth in 1063 00:54:11,920 --> 00:54:14,520 terms of Bitcoin. Then your priority will shift 1064 00:54:14,520 --> 00:54:17,040 from trying to make Fiat profits to preserving your Bitcoin 1065 00:54:17,040 --> 00:54:20,000 denominated wealth. And I absolutely love that 1066 00:54:20,000 --> 00:54:22,160 framing as well. I say that all the time, but 1067 00:54:22,560 --> 00:54:26,400 segue that conversation into no one's bullish enough and why you 1068 00:54:26,400 --> 00:54:28,400 are starting to become a bit maxi. 1069 00:54:29,120 --> 00:54:31,400 All right, so just to touch on that tweet real quick. 1070 00:54:31,400 --> 00:54:34,200 So you know, it's like, and this is especially important as we're 1071 00:54:34,200 --> 00:54:36,800 dumping, right? If you're measuring your your 1072 00:54:36,800 --> 00:54:39,280 net worth in terms of dollars right now, you're freaking out 1073 00:54:39,280 --> 00:54:41,240 because your net worth just went down, right? 1074 00:54:41,240 --> 00:54:43,720 If you assuming you're holding mostly Bitcoin, if you're 1075 00:54:43,720 --> 00:54:45,960 measuring it in terms of Bitcoin, then what you're going 1076 00:54:45,960 --> 00:54:49,840 to notice is it you know, it's it's either saved flat because 1077 00:54:49,840 --> 00:54:53,200 you're already all in or if you have a little dollars on the 1078 00:54:53,200 --> 00:54:55,080 side, it actually just went up, right? 1079 00:54:55,280 --> 00:54:57,840 So I mean, this is a good thing. Your your Bitcoin nominated net 1080 00:54:57,840 --> 00:55:00,560 worth most likely just went up because I know a lot of you 1081 00:55:00,560 --> 00:55:01,920 motherfuckers are still holding dollars. 1082 00:55:01,920 --> 00:55:04,840 I don't know why, but yeah, I mean, you know, this is a good 1083 00:55:04,840 --> 00:55:06,600 thing, right? So now's a good time to deploy 1084 00:55:06,600 --> 00:55:10,040 those dollars so that you lock in that Bitcoin denominated net 1085 00:55:10,040 --> 00:55:11,920 worth, right? You don't want it to go down. 1086 00:55:11,920 --> 00:55:13,680 It just went it just ticked up a little bit. 1087 00:55:13,680 --> 00:55:16,520 So lock that in and deploy those dollars that you still have 1088 00:55:16,520 --> 00:55:18,840 left. All right. 1089 00:55:18,840 --> 00:55:21,200 So the bits conversation, we can move on to that. 1090 00:55:22,840 --> 00:55:25,320 So I mean, yeah, this is kind of tying in with everything we've 1091 00:55:25,320 --> 00:55:28,440 been saying. So you know, kind of like the 1092 00:55:28,840 --> 00:55:32,280 where Bitcoins headed in terms of a price and then how people 1093 00:55:32,280 --> 00:55:33,680 are going to start pricing things. 1094 00:55:34,800 --> 00:55:39,520 I mean, I think, I think a very, very modest target for Bitcoin 1095 00:55:39,520 --> 00:55:41,560 price is like 1,000,000 bucks, right? 1096 00:55:41,800 --> 00:55:43,560 I think everyone has 1,000,000 bucks on their mind. 1097 00:55:43,560 --> 00:55:45,440 We all know it's going there eventually. 1098 00:55:46,200 --> 00:55:48,440 You know, it'd be kind of surprising if it reached there 1099 00:55:48,440 --> 00:55:50,640 this epoch, right? But maybe the next one, maybe 1100 00:55:50,640 --> 00:55:52,720 the one after that. It's not a matter of if, it's 1101 00:55:52,720 --> 00:55:55,120 when, right? So when Bitcoin reaches 1102 00:55:55,120 --> 00:55:58,920 1,000,000 bucks that I think that will kind of be a signal 1103 00:55:58,920 --> 00:56:02,600 that we've reached kind of like a, a very high level of adoption 1104 00:56:02,760 --> 00:56:05,040 globally, right? You don't reach 1,000,000 bucks 1105 00:56:05,040 --> 00:56:09,040 without getting a, a decent amount of people involved in 1106 00:56:09,040 --> 00:56:11,440 Bitcoin, if not the majority of people. 1107 00:56:12,160 --> 00:56:14,840 So at that point we're going to, we're going to actually start 1108 00:56:14,840 --> 00:56:16,520 pricing things in terms of Bitcoin, right? 1109 00:56:16,520 --> 00:56:18,800 People are going to start saying, OK, we've adopted this 1110 00:56:18,800 --> 00:56:21,200 as our money or, or at least we're saving in it. 1111 00:56:21,520 --> 00:56:25,000 And we're comfortable with the idea of Bitcoin being money or 1112 00:56:25,000 --> 00:56:27,360 savings. Now we want to spend some of it 1113 00:56:27,760 --> 00:56:29,720 or we want to earn more of it, right? 1114 00:56:30,160 --> 00:56:32,960 They're going to start pricing things in terms of Bitcoin at 1115 00:56:32,960 --> 00:56:37,680 1,000,000 bucks. A Bitcoin one bit equals $1.00. 1116 00:56:38,120 --> 00:56:41,560 It's bit dollar parity, right? I think this is going to be a 1117 00:56:41,560 --> 00:56:47,640 key kind of inflection where it will be very interesting to see 1118 00:56:47,640 --> 00:56:50,200 prices listed at your grocery store. 1119 00:56:50,520 --> 00:56:53,640 Dollars next to bits, right? You'll see, you know, at that 1120 00:56:53,640 --> 00:56:56,200 point, maybe a gallon of milk if you're in the States will cost 1121 00:56:56,200 --> 00:56:58,240 like 10 bucks, right, due to inflation. 1122 00:57:00,160 --> 00:57:02,840 And then right next to it, you'll see 10 bits, right? 1123 00:57:03,400 --> 00:57:06,960 And maybe you'll wait a year or two and you go back to the 1124 00:57:06,960 --> 00:57:10,960 grocery store and then it will be $11.00 and nine bits. 1125 00:57:11,280 --> 00:57:14,400 And so you'll really start to see this like, you know, this, 1126 00:57:14,400 --> 00:57:20,240 this divergent of the prices. And it'll be very, very clear if 1127 00:57:20,240 --> 00:57:24,360 the prices are in bits, right? If they're in SAT's, it will 1128 00:57:24,360 --> 00:57:26,880 still be, you know, clear, but not as clear, right? 1129 00:57:26,880 --> 00:57:29,800 Like we need, we need it to be as clear as possible for the 1130 00:57:29,800 --> 00:57:32,200 normies at that time. And I think BITS is going to 1131 00:57:32,200 --> 00:57:34,720 make it very, very clear, especially if you're a United 1132 00:57:34,720 --> 00:57:38,320 States, an Army, which, you know, living in the States, 1133 00:57:38,560 --> 00:57:39,920 that's kind of all we care about. 1134 00:57:40,640 --> 00:57:44,440 Have you heard of knacks? What's What's next? 1135 00:57:45,280 --> 00:57:47,600 It's a superior unit of account to bits. 1136 00:57:47,600 --> 00:57:48,680 Oh. Yeah, Yeah. 1137 00:57:48,680 --> 00:57:49,560 What is it? What is it? 1138 00:57:49,560 --> 00:57:51,000 I don't know. By the way, I probably, I 1139 00:57:51,000 --> 00:57:54,040 probably should have said right from the start, a bit is a 1140 00:57:54,040 --> 00:57:56,200 millionth of a Bitcoin and that's that's an important thing 1141 00:57:56,200 --> 00:57:58,320 just to lay out for anyone who doesn't know that. 1142 00:57:58,840 --> 00:58:01,680 Yeah, yeah, it's 100 sats. So a bit to a sat is the same 1143 00:58:01,680 --> 00:58:03,240 thing as a dollar to a cent, right? 1144 00:58:03,320 --> 00:58:04,440 It's just kind of. It makes the. 1145 00:58:04,440 --> 00:58:06,920 Conversion and actually wicked just to your point. 1146 00:58:07,440 --> 00:58:11,920 And and this is our boy Winekus and and he he's low key trolling 1147 00:58:11,920 --> 00:58:14,600 you, but I think that's the point that we're kind of saying 1148 00:58:15,080 --> 00:58:17,040 Winekus goes bits are for dummies. 1149 00:58:17,040 --> 00:58:19,000 And it's like, yeah, we're talking about normies. 1150 00:58:19,000 --> 00:58:20,280 Exactly. Exactly. 1151 00:58:20,280 --> 00:58:21,840 What we're? Talking about This is why it's 1152 00:58:21,840 --> 00:58:23,120 the. Perfect unit of account. 1153 00:58:23,160 --> 00:58:24,560 That's what people don't understand. 1154 00:58:24,560 --> 00:58:26,640 Yeah. Anyways, wicked, before I give 1155 00:58:26,640 --> 00:58:29,480 you the floor again, Knack is just C9 SAT. 1156 00:58:29,480 --> 00:58:31,880 So it's a troll metric? It's a troll metric. 1157 00:58:31,880 --> 00:58:38,000 It's a superior unit of account. Super easy to, you know, to, 1158 00:58:38,360 --> 00:58:39,360 yeah. Easy maps. 1159 00:58:39,360 --> 00:58:41,440 Here to divide, right? Yeah, yeah, everyone knows all 1160 00:58:41,440 --> 00:58:45,600 the 69 multiples. Oh, man, but but yeah, man, no, 1161 00:58:45,600 --> 00:58:47,280 I agree. I that's a really good point. 1162 00:58:47,600 --> 00:58:49,240 Wicked. Like, in all seriousness, like, 1163 00:58:49,760 --> 00:58:52,360 you know, and and you know, I think it's Adam Back who's also 1164 00:58:52,360 --> 00:58:53,680 a fan. Yeah, he loves bits. 1165 00:58:53,720 --> 00:58:56,600 He he loves bits as well. That's that's a very, very 1166 00:58:56,600 --> 00:58:58,120 interesting perspective. Yeah. 1167 00:58:58,120 --> 00:59:01,120 Like I. I'm a sad maxi, I do all my math 1168 00:59:01,120 --> 00:59:06,600 and sad sads is easy. But the one bit to 100 sets, you 1169 00:59:06,600 --> 00:59:11,760 know, comparing it to a $1.00 with 100 pennies, like 1170 00:59:11,760 --> 00:59:15,520 $1,000,000 Bitcoin, you know, one bit equals a dollar. 1171 00:59:15,760 --> 00:59:19,200 Like I, I don't know it, it makes perfect sense to me when 1172 00:59:19,200 --> 00:59:21,760 it's kind of like just simplify the mass for the normies out 1173 00:59:21,760 --> 00:59:23,400 there. So like, I don't know, I've been 1174 00:59:23,400 --> 00:59:26,040 trying to push bits as well, even though I do all my math and 1175 00:59:26,040 --> 00:59:29,400 stats, But like I get I, I get why it might, it might 1176 00:59:29,400 --> 00:59:31,960 eventually end up bits, which is kind of what we can say. 1177 00:59:32,720 --> 00:59:35,720 And listen, I mean, so SAT's are, I mean, SAT's are still 1178 00:59:35,720 --> 00:59:37,480 there, right? It's not like we're getting rid 1179 00:59:37,480 --> 00:59:39,440 of SAT's. You know, cents are still here 1180 00:59:39,440 --> 00:59:41,200 too. We didn't get rid of cents just 1181 00:59:41,200 --> 00:59:43,720 because we all started using dollars to denominate things. 1182 00:59:43,920 --> 00:59:46,640 And by the way, if things cost less than a dollar, what do you 1183 00:59:46,640 --> 00:59:50,080 see the price at? What do you see the denomination 1184 00:59:50,080 --> 00:59:52,080 used in grocery stores? You see that little cent sign 1185 00:59:52,080 --> 00:59:55,480 with like whatever, 99, right? So like we still use cents now 1186 00:59:55,480 --> 00:59:58,560 if things are cheap enough. And with Bitcoin, you know, 1187 00:59:58,560 --> 01:00:01,560 we'll go through this transitory phase where we're using bits 1188 01:00:01,560 --> 01:00:04,400 because things are are better priced in terms of bits. 1189 01:00:04,400 --> 01:00:06,720 You know, like I said, a gallon of milk cost 10 bits or 1190 01:00:06,720 --> 01:00:09,400 whatever, right? But eventually, because Bitcoin 1191 01:00:10,560 --> 01:00:13,080 goes up in value over time and things get cheaper in terms of 1192 01:00:13,080 --> 01:00:16,880 Bitcoin over time, maybe that gallon of milk will cost 99 sats 1193 01:00:16,880 --> 01:00:18,840 at a certain point and then we'll start using sats again. 1194 01:00:19,120 --> 01:00:20,840 So it kind of be like an opposite. 1195 01:00:21,400 --> 01:00:24,320 Way of, of, of going through history, right? 1196 01:00:24,320 --> 01:00:27,560 Whereas with Fiat, we used to denominate everything in terms 1197 01:00:27,560 --> 01:00:30,640 of cents, things were like $0.10, five cents, four and a 1198 01:00:30,640 --> 01:00:33,000 half cents, whatever, right? And then as we progress through 1199 01:00:33,000 --> 01:00:35,120 time and got more and more inflation, we got dollars. 1200 01:00:35,560 --> 01:00:37,960 And now with Bitcoin, I think we're going to go through a 1201 01:00:37,960 --> 01:00:40,560 phase where we're using bits. And then as more and more time 1202 01:00:40,560 --> 01:00:43,360 progresses and Bitcoin gets more valuable than we'll transition 1203 01:00:43,360 --> 01:00:46,640 to using SAT's, there will be there will be a period of bits. 1204 01:00:46,640 --> 01:00:50,960 Bits will reign supreme, I think for a decent amount of time. 1205 01:00:50,960 --> 01:00:53,000 And people are sleeping on it. I agree. 1206 01:00:53,000 --> 01:00:56,520 I agree 100%. It's a very, very good way of 1207 01:00:56,520 --> 01:00:58,400 breaking it down. Anyways. 1208 01:00:58,440 --> 01:00:59,720 Wicked. Wait, wait, wait. 1209 01:00:59,720 --> 01:01:02,200 Nico, I don't don't end it yet. I wanna ask Wicked one more 1210 01:01:02,200 --> 01:01:04,440 thing before we go. That's what I was gonna Oh, OK, 1211 01:01:04,440 --> 01:01:04,880 OK. Sorry. 1212 01:01:04,880 --> 01:01:05,760 I thought you're going to end it. 1213 01:01:05,840 --> 01:01:09,560 OK, Yeah. So we do have to start getting 1214 01:01:09,560 --> 01:01:11,440 ready for the mining disrupt conference. 1215 01:01:11,640 --> 01:01:13,880 But Wicky, I want to wicked, I want to give you the floor. 1216 01:01:13,920 --> 01:01:18,400 Do you have any last message for the 1753 people that are 1217 01:01:18,400 --> 01:01:21,520 currently watching live plus the 50 or so of you guys watching 1218 01:01:21,520 --> 01:01:23,680 live from Rumble? By the way, guys smash the like 1219 01:01:23,680 --> 01:01:25,600 button. We only got 120 likes. 1220 01:01:25,640 --> 01:01:27,320 We can, we can do better. Those are rookie numbers. 1221 01:01:27,320 --> 01:01:30,720 So if you guys are enjoying the show on YouTube, XA rumble smash 1222 01:01:30,720 --> 01:01:32,160 like button really helps with the algo. 1223 01:01:32,160 --> 01:01:34,000 So wicked give you the floor bro. 1224 01:01:34,600 --> 01:01:36,400 Yeah, you got to you got to pump those numbers up. 1225 01:01:37,160 --> 01:01:39,400 I mean, I think so it's the same as always, right? 1226 01:01:39,520 --> 01:01:41,680 These stacks that start measuring your net worth in 1227 01:01:41,680 --> 01:01:45,680 terms of Bitcoin, huddle your Bitcoin, earn more than you 1228 01:01:45,680 --> 01:01:50,200 spend, save all your excess wealth in Bitcoin, do that shit 1229 01:01:50,200 --> 01:01:53,480 for at least a whole cycle and see where you're at. 1230 01:01:53,920 --> 01:01:56,200 I guarantee you're going to be better off than where you 1231 01:01:56,200 --> 01:01:58,800 started and then you're going to be a Bitcoin for life. 1232 01:01:58,960 --> 01:02:03,880 So, you know, just keep. Going Amen 100% I always say 1233 01:02:03,880 --> 01:02:06,360 this too takes four years to realize you've made a good 1234 01:02:06,360 --> 01:02:10,000 decision and then it takes eight years to be relatively wealthy 1235 01:02:10,080 --> 01:02:11,920 compared to where you started from. 1236 01:02:12,200 --> 01:02:14,920 So anyways, guys, that was simply Bitcoin live for June 1237 01:02:14,920 --> 01:02:17,760 24th 2024. I'm your host, Nico's my 1238 01:02:17,760 --> 01:02:21,960 legendary coast optimist fields our guest for today wicked. 1239 01:02:21,960 --> 01:02:25,520 You can go follow him on Twitter at W under score S under score 1240 01:02:25,520 --> 01:02:28,320 Bitcoin drop some really hot fire signal. 1241 01:02:28,600 --> 01:02:32,360 Like I said in the beginning of the show, we will be off on 1242 01:02:32,360 --> 01:02:35,240 Tuesday and Wednesday because we will be live streaming the 1243 01:02:35,240 --> 01:02:37,840 mining disrupt conference coming out of Miami. 1244 01:02:37,840 --> 01:02:41,560 You're going to have the largest Bitcoin miners and CE OS and 1245 01:02:41,560 --> 01:02:43,920 executives and going to be at that conference. 1246 01:02:43,920 --> 01:02:47,760 There's so many panels believe Ted Cruz is going to be making 1247 01:02:47,760 --> 01:02:50,400 an appearance. Also a lot of well known, you 1248 01:02:50,400 --> 01:02:52,440 know, Bitcoin mining executives as well. 1249 01:02:52,480 --> 01:02:53,760 So really, really excited for that. 1250 01:02:53,760 --> 01:02:56,640 So guys, tune into the simply Bitcoin channel tomorrow and 1251 01:02:56,640 --> 01:03:00,440 Wednesday and then we'll be back with the live show on Thursday 1252 01:03:00,600 --> 01:03:03,800 for a brand new episode of simply Bitcoin Live. 1253 01:03:03,800 --> 01:03:06,480 Until then, love you everybody, take care, Peace out everybody. 1254 01:03:08,800 --> 01:03:12,560 Episode was brought to you by bitcoinwell.com on a mission to 1255 01:03:12,560 --> 01:03:13,840 enable independence.