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we're going to simply Bitcoin 
Live. 

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We're your number one source for
the peaceful Bitcoin revolution 

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Crowd. 
Breaking news culture, Matic 

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Warfare. 
We will be your guide through 

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the separation of money in 
state. 

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Crazy, crazy news. 
I mean it's not surprising at 

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all. 
But the long term Bitcoin 

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haulers hold an all time high 
Bitcoin. 

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That means that the amount of 
Bitcoin on exchanges continues 

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to to go down. 
The amount of Bitcoin hoddlers 

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continues to go up. 
I think this is bitcoins 

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incentives. 
I think they're, there's 

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they're, they're winning. 
And I think people are realizing

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that if you sell your Bitcoin, 
what are you selling it to? 

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You're selling it. 
You're selling it for Monopoly 

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money basically. 
So this is overall bullish news.

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We're going to break down also 
the numbers we're going to, 

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we're going to dive deep into 
that. 

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Today also seems like the Tether
lawsuit was dismissed. 

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We were going to talk about that
yesterday, but we ran out of 

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time. 
So we, we're going to, we're 

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going to, we're going to cover 
that article. 

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And on top of that, we have a 
very special guest. 

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We have Mags and Mags. 
Thank you so much for joining us

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today. 
How you doing? 

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Hey, I'm awesome. 
How are you? 

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Well, it was good. 
It was good seeing you at Mining

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Disrupt in Miami not too long 
ago. 

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Mags is a is it? 
I know that bitcoiners hate the 

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word expert, but I would 
consider you a mining expert. 

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Thanks that. 
No, I see that's the problem. 

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Once you go down the rabbit 
hole, you're like, I know 

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nothing. 
She's highly knowledgeable about

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mining. 
All right, I'll say it like 

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that. 
And of course, my legendary 

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cohost, He's drinking coffee. 
That means he's feeling 

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optimistic today. 
The one the only the legend. 

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Legendary optimist Fields. 
How you doing bro? 

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I am doing wonderful and I am so
geeked up on coffee this 

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morning. 
I probably have the jitters, but

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hey, you know, this is part of 
the fun. 

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What's up everyone? 
Good to be back. 

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It's Tuesday. 
Still got a long week ahead of 

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us. 
But the news don't stop. 

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The grind don't stop. 
I'm excited for this one. 

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I'm. 
I'm ready to hear mags talk 

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about Bitcoin mining in the 
culture. 

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I think you guys are going to 
like this one. 

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But anyways. 
Are we gonna get a classic Niko 

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Jones rant today, or is this 
gonna be a mellow Niko Jones? 

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I don't know, man. 
It's just bullish news. 

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It's not. 
It's not like. 

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OK, so Hopia Niko Jones. 
So opium, Yeah, nothing's 

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around. 
Throughout, don't sell your 

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Bitcoin to BlackRock. 
Yeah, exactly. 

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That's the best news. 
That's the best news of the next

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of this having the next four 
years. 

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If you sell your Bitcoin, 
statistically speaking, you're 

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probably selling it to Larry 
Fink. 

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Don't be that poor sailor or 
sailor. 

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Either one of them. 
Either. 

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Either of them. 
OK. 

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All right, everybody. 
No more delay. 

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Let's jump straight to the news 
or the US government. 

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Oh, my God. 
OK, that's a good dark turn. 

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All right, everybody, let's go. 
Let's start the numbers. 

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Let's do it. 
The Bitcoin numbers. 

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Is your Bitcoin and cold storage
really secure? 

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Is your seed phrase really 
secure? 

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Stamp seeds? 
Do it yourself. 

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Kit has everything you need to 
hammer your seed words into 

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commercial grade titanium plates
instead of just writing them on 

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paper. 
Don't store your generational 

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wealth on paper. 
Papers prone to water damage, 

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fire damage. 
You want to put your 

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generational wealth on one of 
the strongest metals on planet 

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earth, Titanium. 
Your words are actually stamped 

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into this metal plate with this 
hammer and these letter stamps. 

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

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No risk of the plate breaking 
apart and pieces falling 

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everywhere. 
Titanium stamp seeds will 

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survive nearly triple the heat 
produced by a house fire. 

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They're also crush proof, 
waterproof, non corrosive, and 

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time proof. 
All things that paper is not 

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allowing you to huddle your 
Bitcoin with Peace of Mind for 

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the long haul. 
Stamp your seed on stamp, seed. 

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All right guys, don't put 
yourself in the situation where 

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you have to explain to your 
grandchildren why you lost your 

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generational wealth because you 
decided to store your Bitcoin 

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wallet. 
Backup seed words on paper 

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stored on titanium. 
Scan the QR code on your screen 

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right now and use the promo code
simply and you get a nice 

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discount. 
Anyways, at the time of 

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recording the Bitcoin price is 
29,565 sats per dollar. 3882 

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block height 801,952 blocks to 
having 38,048 having estimate 

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April 20th, 2024 Total Lightning
Network capacity 4692 Bitcoin 

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capacity value 138 million U.S. 
dollars. 

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Realize monetary inflation rate 
1.76%, continuing to embarrass 

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Fiat currencies. 
The market capitalization is 

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$574 billion with the B Bitcoin 
versus gold market cap 4.41 

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percent. 
In the grand scheme of things, 

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Bitcoin is still a tiny baby. 
Anyways, here is Kathy Wood and 

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she's talking about the infamous
Bitcoin Spot ETF. 

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Then she has an interesting 
take. 

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She says it if the SCC approves 
a Spot Bitcoin ETF, it will 

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approve more than one at once 
anyways. 

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She is also known for coming up 
with the infamous 2030 

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prediction where she says the 
bear case is 258 K, the the the 

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base case is 648 K and then the 
bull case is like some crazy 

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number, it's like $1.48 million 
per Bitcoin. 

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So that's so. 
And she's also obviously she's 

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accumulated a lot of Bitcoin, so
she's a, she's a, she's a huge 

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advocate for it. 
But anyways, let's hear what she

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has to say. 
And of course, this is on legacy

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legacy media, Bloomberg. 
So let's check it out and then 

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we'll talk about it. 
So you are in this race, Let's 

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talk about the race a little 
bit. 

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The first important deadline 
coming up is August 13th, where 

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the ARC filing the SEC is either
going to delay it, which we 

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think they'll probably delay it.
And then BlackRock is later. 

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You filed before BlackRock, but 
BlackRock came in with the 

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surveillance sharing agreement 
with Coinbase. 

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That was novel. 
Right Now we're looking in the 

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future. 
There's talk of a common clock 

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where the SEC could approve a 
bunch of ETF's at once, putting 

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you on a level playing field 
with BlackRock. 

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And others, what's your take on 
how this will play out given you

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filed earlier? 
I I think you're probably right 

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that August 13th will come and 
go and I think, I think the FCC,

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if it's going to approve a 
Bitcoin ETF, will approve more 

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than one at at once. 
So then again, because most of 

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these essentially will be the 
same. 

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And it will come down to 
marketing, communicating the 

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message. 
You know, we've been putting out

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our Bitcoin monthly for the for 
the last year. 

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We are now starting a Bitcoin 
brainstorming session, our first

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one we launched last Thursday. 
So we're trying to get the word 

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out there that, you know, our 
research is deep. 

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And we've been doing it since 
2015 when we gained our first 

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exposure to GB TC. 
We were the first public asset 

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manager to gain exposure to 
Bitcoin at all in 2015. 

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That's exactly where I want to 
go, the Grayscale Bitcoin trust 

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known by its ticker GB TC. 
If you look at Arc W for example

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your ARC Next Generation 
Internet ETF. 

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Right now I see GB TC as the 
third largest holding. 

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If we are in a situation where 
the SEC does give its blessing 

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for a spot Bitcoin ETF, would 
you plan to sell out of GB TC 

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and buy one of these physically 
backed funds? 

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I cannot talk about what we 
would and would not do and in 

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fact. 
Our compliance team is you know 

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giving us marching orders not to
talk very much about this filing

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and it's aftermath at all. 
So just the fact that we filed 

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with our partner 21 shares is, 
is as far as as I can go, all 

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right. 
I'm fine, not surprised at all. 

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So interesting how this is 
playing out and again like what 

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I find very interesting is that 
even though she filed before, 

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it's like it's almost as if 
BlackRock gets very special 

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treatment than the rest. 
So I think that's. 

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But Mags, I want to get your 
take cuz I haven't heard it 

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before. 
It's What's your take on the 

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BlackRock Spot ETF? 
What do you think it's going to 

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do for Bitcoin? 
I've had, I've heard two 

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different takes on this. 
Caitlin Long is coming from 

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they're going to rehypothecate 
the F out of it. 

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That's what Lawrence Apart 
thinks as well. 

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And then Foss and Lavish come 
from. 

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This is really good for the 
price action. 

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It's going to price the pump and
they're not really going to be 

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able to rehypothecate it because
of, you know, it's a spot ETF in

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the regulations and all that 
stuff. 

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So what's your take on this? 
What? 

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What anger are you coming from? 
What? 

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What anger you coming from at 
it? 

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So I'm coming more from the Foss
lavish side where so we don't 

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yet have a full regulatory 
structure in the US around 

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custody, right. 
So I think that like that's the 

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caveat depending on how they set
it up, it's still possible that 

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maybe there is some 
rehypothecation possible. 

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But I think generally as best 
practices companies that just 

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have been holding, what will be 
more interesting to me is 

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whether BlackRock decides to 
then set up some sort of. 

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Yield product, not like the bag 
cutting yield where $10,000, 

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sorry 10,000% I mean something 
like setting up lightning notes,

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so, so you can earn a yield, 
right. 

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So, so that to me would be 
interesting if they set 

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something up like that where 
you're it's technically not 

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rehypothecating because you're 
still holding the keys, but 

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you're still making it work for 
you. 

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I'm sure they're hiring talent 
everywhere. 

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I do think it will have a 
massive impact on price action 

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because this is you know, the 
gorilla in the room on Wall 

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Street. 
BlackRock is the largest asset 

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manager in the world. 
So once they have the Bitcoin 

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fund, I do think there will be 
some allocation from their 

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massive portfolio. 
It might not be everybody's, but

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it may be their wealthiest 
clients or even just, you know, 

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1% allocation will do numbers. 
So I think for, for, for that 

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people, you know, it is exciting
but. 

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Again the the challenge there 
is, is because BlackRock will 

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probably attract the most 
capital, like I think it would 

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be the largest Bitcoin ETF there
is, You are again consolidating 

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it in one spot. 
So we're seeing that. 

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And I know bitcoiners, you know,
we've seen this happen. 

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You have huddlers like Michael 
Saylor. 

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00:11:00,610 --> 00:11:02,610
It's just, it's just a shame 
sometimes. 

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To see it happen. 
And lastly, you know, I've been,

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00:11:06,250 --> 00:11:09,170
I've been through something 
similar in Canada. 

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00:11:09,170 --> 00:11:11,610
So I helped launch the first 
Bitcoin fund in Canada. 

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We took the Ontario Securities 
Commission to court. 

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It was a three-year legal battle
and we ended up with a 26 page 

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ruling from the judge that said 
yes, it is in the public 

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00:11:23,050 --> 00:11:26,980
interest for the public. 
To hold Bitcoin, which then 

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paved the way for all the ETF's 
in Canada. 

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00:11:29,140 --> 00:11:33,660
So I'm really excited to see the
legal case with respect to GB TC

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00:11:33,780 --> 00:11:36,340
that's going through the court 
because I think either we will 

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00:11:36,340 --> 00:11:41,020
get BlackRock first or GB TC if 
if for some reason give me keeps

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00:11:41,140 --> 00:11:45,820
like stuff in Bitcoin down. 
But that said, BlackRock is 

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powerful. 
They donate a lot of money. 

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00:11:48,980 --> 00:11:51,020
Things have changed. 
Like look at mainstream media 

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00:11:51,020 --> 00:11:56,240
now like BSG. 
We're in a different part of the

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00:11:56,280 --> 00:11:59,440
cycle. 
I think it's so crazy watching 

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the anchors protect Bitcoin 
using like a lot of the 

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00:12:03,000 --> 00:12:05,120
terminology that Bitcoiners are 
using. 

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00:12:05,200 --> 00:12:06,760
It's like, wait, did I just hear
that? 

225
00:12:06,920 --> 00:12:09,080
It's like, no, Bitcoin is 
actually a good thing. 

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00:12:09,080 --> 00:12:11,480
And then, you know, it's it's 
perplexity. 

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00:12:11,480 --> 00:12:15,040
It's, it's. 
You think it's a bazzle, right? 

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00:12:15,040 --> 00:12:17,160
Like Black Rock is Black Rock's 
a part of this? 

229
00:12:17,160 --> 00:12:18,640
Bitcoin is actually a good 
thing. 

230
00:12:18,840 --> 00:12:21,440
Bitcoin is actually helping the 
oceans anyways. 

231
00:12:22,120 --> 00:12:26,170
Opti, what's your take on this? 
Well, yeah, you know, as the 

232
00:12:26,370 --> 00:12:30,210
inhouse Bitcoin Pleb, you know 
the average Bitcoin in here. 

233
00:12:30,210 --> 00:12:33,450
I don't like ETS. 
Personally, I advise not to buy 

234
00:12:33,770 --> 00:12:37,090
paper Bitcoin, but as far as I'm
concerned, it's paper Bitcoin. 

235
00:12:37,090 --> 00:12:40,290
But we all know that this will 
be good for price action. 

236
00:12:41,010 --> 00:12:44,010
I do understand and I think 
anyone that is not naive 

237
00:12:44,010 --> 00:12:47,050
understands how much capital 
inflows will come from these 

238
00:12:47,050 --> 00:12:49,410
ETF's, from traditional 
financial people. 

239
00:12:49,810 --> 00:12:52,690
And you know, in that regard, 
we're super bullish because, 

240
00:12:52,690 --> 00:12:55,170
hey. 
As we've been talking about, you

241
00:12:55,170 --> 00:12:56,770
know, BlackRock got trillions of
dollars. 

242
00:12:56,770 --> 00:13:01,210
If even a small portion of that 
money gets into Bitcoin and we 

243
00:13:01,210 --> 00:13:03,770
start to orange pill those 
people and they start to 

244
00:13:03,810 --> 00:13:06,410
understand what they're holding,
it's gonna be extremely bullish 

245
00:13:06,410 --> 00:13:09,810
moving forward obviously. 
And on the Kathy Woods news, you

246
00:13:09,810 --> 00:13:12,570
know we love competition. 
So hey, you know, it's gonna be 

247
00:13:12,570 --> 00:13:15,930
great to see multiple spot ETF's
approved at one time. 

248
00:13:16,280 --> 00:13:18,760
Because then people can actually
have options and choices and 

249
00:13:18,760 --> 00:13:22,280
they're not being forced to get 
centralized into one ETF. 

250
00:13:22,520 --> 00:13:25,240
Obviously, as mag says, most 
people are probably gonna just 

251
00:13:25,240 --> 00:13:28,320
trust the BlackRock name because
they are the biggest asset 

252
00:13:28,320 --> 00:13:30,800
manager in the world. 
So we know that most money will 

253
00:13:30,800 --> 00:13:34,440
probably go into BlackRock, but 
as something we've been talking 

254
00:13:34,440 --> 00:13:37,050
about. 
BlackRock has become like the 

255
00:13:37,050 --> 00:13:39,770
Canary in the coal mine now and 
it's signaled to every asset 

256
00:13:39,770 --> 00:13:41,330
manager in the world that 
Bitcoin is safe. 

257
00:13:41,330 --> 00:13:43,090
You know, they're they've 
endorsed Bitcoin. 

258
00:13:43,090 --> 00:13:46,410
So Bitcoin is ESG friendly now 
and every corporate press site 

259
00:13:46,410 --> 00:13:49,330
out there is starting to embrace
Bitcoin and talk good about 

260
00:13:49,330 --> 00:13:51,850
Bitcoin. 
So you love to see it and it 

261
00:13:51,850 --> 00:13:56,890
really makes you start to 
understand that this is opening 

262
00:13:56,890 --> 00:13:58,950
up. 
All asset managers around the 

263
00:13:58,950 --> 00:14:02,150
world to not have the damage to 
their reputation by embracing 

264
00:14:02,150 --> 00:14:04,350
Bitcoin. 
And obviously that's good for 

265
00:14:04,350 --> 00:14:07,510
every single person out there 
that is holding Bitcoin and is 

266
00:14:07,510 --> 00:14:10,510
yet to hold Bitcoin. 
Because now everyone knows what 

267
00:14:10,510 --> 00:14:12,110
we know. 
Bitcoin is safe. 

268
00:14:12,150 --> 00:14:15,230
You want to hold Bitcoin, you 
need some Bitcoin in your 

269
00:14:15,230 --> 00:14:18,070
portfolio and you know Bitcoin 
is for enemies. 

270
00:14:18,070 --> 00:14:21,310
Bitcoin is for anyone. 
So as much as us bitcoiners may 

271
00:14:21,310 --> 00:14:24,580
not like. 
The ETF products like who are we

272
00:14:24,580 --> 00:14:27,980
to stop people from using 
Bitcoin, how they see fit And it

273
00:14:27,980 --> 00:14:29,940
really reminds me, we've been 
talking about this for a while. 

274
00:14:29,940 --> 00:14:33,140
It really reminds me of one of 
the early how Finney posts on 

275
00:14:33,140 --> 00:14:36,460
Bitcoin Talk forum where he's 
saying, you know there will be 

276
00:14:36,580 --> 00:14:39,060
Bitcoin banks that are 
fractional reserve and there 

277
00:14:39,060 --> 00:14:40,660
will be full reserve Bitcoin 
banks. 

278
00:14:40,660 --> 00:14:43,620
So I think we are in the 
beginning of that process and 

279
00:14:43,620 --> 00:14:46,980
we're going to start to see 
who's going to take the the risk

280
00:14:46,980 --> 00:14:48,780
of rehypothecating their 
Bitcoin. 

281
00:14:49,060 --> 00:14:52,020
And I I forget who was saying 
it, but it was in one of the 

282
00:14:52,020 --> 00:14:55,180
IRF. 
Nico, I'm blanking on who it was

283
00:14:55,180 --> 00:14:59,060
exactly, but we were kind of a 
TLDR ING them in the chat. 

284
00:14:59,060 --> 00:15:04,820
It's like, what if the BlackRock
Bitcoin ETF is the very thing 

285
00:15:04,820 --> 00:15:06,300
that brings down BlackRock by 
then? 

286
00:15:06,300 --> 00:15:09,900
Rehypothecating Bitcoin like 
this would be bullish AF. 

287
00:15:10,880 --> 00:15:12,320
Peter Dunward, There's Peter 
Dunward. 

288
00:15:12,360 --> 00:15:16,000
Peter Dunward, like that would 
be an amazing turn of events. 

289
00:15:16,000 --> 00:15:20,880
It's like of course they are 
incentivized to try to continue 

290
00:15:20,880 --> 00:15:25,640
to do traditional financial 
techniques maneuvering and watch

291
00:15:25,640 --> 00:15:29,140
them like just. 
Get bit by the greed bug even 

292
00:15:29,140 --> 00:15:33,220
though like Bitcoin goes up what
like 100% every year on average 

293
00:15:33,460 --> 00:15:37,100
and they rehypothecate their 
Bitcoin and then they just get 

294
00:15:37,180 --> 00:15:40,260
margin called and the whole 
company comes out like how 

295
00:15:40,300 --> 00:15:43,020
glorious would that be? 
I want to get mags perspective 

296
00:15:43,020 --> 00:15:43,940
on this. 
Yeah. 

297
00:15:44,020 --> 00:15:47,220
I'm just wondering why would you
risk it if you're that big, 

298
00:15:47,260 --> 00:15:50,380
you're earning a lot of fees. 
Just just take your feet, just 

299
00:15:50,380 --> 00:15:53,270
like FTX. 
Take your knees and live off 

300
00:15:53,390 --> 00:15:55,870
them, you know? 
Yeah, agreed. 

301
00:15:55,910 --> 00:15:57,910
But but. 
But that hasn't stopped Wall 

302
00:15:57,910 --> 00:16:00,270
Street in the past, has it? 
No. 

303
00:16:02,590 --> 00:16:03,550
OK. 
All right. 

304
00:16:03,830 --> 00:16:06,350
We might see. 
You know what's interesting also

305
00:16:06,350 --> 00:16:10,070
is that every cycle the 
exchange, the exchange, there's 

306
00:16:10,070 --> 00:16:13,190
always an exchange blow up and 
the exchange blow up is bigger 

307
00:16:13,190 --> 00:16:14,630
than the. 
Last bigger and bigger. 

308
00:16:14,750 --> 00:16:16,950
So I'm a Quadriga bankruptcy 
inspector. 

309
00:16:16,950 --> 00:16:21,510
We just distributed, by the way,
last month we beat Mount Cox. 

310
00:16:23,550 --> 00:16:25,750
So wait, could you talk about 
what happened? 

311
00:16:25,750 --> 00:16:28,310
Like, is he really dead? 
Is he really dead? 

312
00:16:30,950 --> 00:16:36,790
You know, OK, so before I joined
and and and just when the 

313
00:16:36,830 --> 00:16:38,870
bankruptcy process first 
happened, I thought it was just 

314
00:16:38,870 --> 00:16:41,670
so weird the way he died, right.
So he died. 

315
00:16:41,910 --> 00:16:45,070
He took. 
In the hospital, they took his 

316
00:16:45,070 --> 00:16:47,430
body back to the hotel then 
brought it back to the hospital.

317
00:16:47,430 --> 00:16:50,310
Hospital like, no, this ain't 
standard for seizures. 

318
00:16:50,310 --> 00:16:52,630
So they had to take it to 
university that had some shady 

319
00:16:52,630 --> 00:16:55,950
pass and I'm like, this just 
seems weird but looking. 

320
00:16:55,990 --> 00:16:57,830
So the Ontario Secrets 
Commission did a really big 

321
00:16:57,830 --> 00:17:01,390
report on where the money went 
and he lost a lot of it. 

322
00:17:01,390 --> 00:17:05,069
Trading like made bad trades and
he was doing what FTX was doing 

323
00:17:05,069 --> 00:17:07,990
and just he lost about 140 
million, which was like. 

324
00:17:08,910 --> 00:17:11,710
I remember off the top, maybe 
65%. 

325
00:17:11,710 --> 00:17:15,790
And then like a bunch of it was 
hard assets that like cash and 

326
00:17:15,790 --> 00:17:18,030
houses that he bought with our 
funds. 

327
00:17:18,910 --> 00:17:21,790
And so I was like, well, there's
not that much money left. 

328
00:17:21,790 --> 00:17:25,069
So if there was like this huge 
chunk out there, I'd be much 

329
00:17:25,069 --> 00:17:26,790
more likely to think that he's 
alive. 

330
00:17:26,790 --> 00:17:31,350
But like, I went from 85% to 
like 98% sure that he's dead. 

331
00:17:32,790 --> 00:17:33,670
Gotcha. 
So, hey, Nico, What? 

332
00:17:33,670 --> 00:17:36,350
What Max is saying is there's 
hope that Bitcoin brings down 

333
00:17:36,350 --> 00:17:37,430
Black Rock. 
There's hope. 

334
00:17:39,790 --> 00:17:42,630
I know man, you can see Black 
Rock mining. 

335
00:17:42,630 --> 00:17:44,430
That would be pretty cool. 
Oh man. 

336
00:17:45,110 --> 00:17:48,230
This is the year of sovereigns 
mining. 

337
00:17:48,270 --> 00:17:50,550
But like who? 
Who's next? 

338
00:17:50,550 --> 00:17:52,910
That will start mining, right? 
Yeah, that that's very 

339
00:17:52,910 --> 00:17:54,430
interesting. 
I suspect it's going to be the 

340
00:17:54,430 --> 00:17:57,990
energy companies like you, like 
you had Conoco Phillips, you had

341
00:17:58,630 --> 00:18:01,510
like it's like these massive. 
And again they weren't directly 

342
00:18:01,510 --> 00:18:03,790
doing it, they were doing it 
through a third party. 

343
00:18:03,790 --> 00:18:05,310
But I think that's the next 
step. 

344
00:18:05,710 --> 00:18:09,830
It it is. 
And and I mean sovereigns mining

345
00:18:09,830 --> 00:18:12,710
is pretty freaking cool. 
But what's interesting too is 

346
00:18:12,750 --> 00:18:19,110
the new chairman of BlackRock is
the former CEO of Saudi Aramco, 

347
00:18:19,110 --> 00:18:22,030
the largest oil company. 
That's why I'm like, that's 

348
00:18:22,110 --> 00:18:25,790
really interesting, you know, 
and and the Middle East is 

349
00:18:25,790 --> 00:18:29,710
really starting to embrace the 
quiet mining, right, Including 

350
00:18:29,710 --> 00:18:32,070
at a sovereign level, right? 
There's a sovereign wealth fund.

351
00:18:32,760 --> 00:18:36,000
That's partnered in a joint 
venture with Marathon, so that 

352
00:18:36,000 --> 00:18:38,880
to me is pretty interesting. 
And that's why I said maybe it 

353
00:18:38,880 --> 00:18:42,960
will start mining, but even if 
it's tangential, yeah, it it's 

354
00:18:43,240 --> 00:18:46,080
it's it's exciting to say the 
least. 

355
00:18:46,080 --> 00:18:50,000
Anyways, everybody, let's I 
gotta tell you about the largest

356
00:18:50,000 --> 00:18:53,480
Bitcoin conference on the face 
of the earth, Bitcoin 2024. 

357
00:18:53,480 --> 00:18:56,360
It's coming up in Nashville. 
TN Mags, are you gonna be there?

358
00:18:57,170 --> 00:19:03,610
I don't know yet if they ask me 
to speak okay, but you guys 

359
00:19:03,610 --> 00:19:06,170
don't want to miss the largest 
Bitcoin conference in the face 

360
00:19:06,170 --> 00:19:08,050
on the face of the earth, 
Bitcoin 2024. 

361
00:19:08,050 --> 00:19:11,290
It's going to be Nashville, TN 
July 25th, 27th through the 

362
00:19:11,290 --> 00:19:13,210
27th. 
For GA it's 349. 

363
00:19:13,210 --> 00:19:17,810
For an industry pass, it's 849. 
For a whale pass, it's 4749 and 

364
00:19:17,810 --> 00:19:21,210
you can use promo code simply to
get yourself an even bigger 

365
00:19:21,210 --> 00:19:23,490
discount. 
Anyways, everybody let's move on

366
00:19:23,490 --> 00:19:25,010
to the news. 
We got a lot to talk about. 

367
00:19:28,350 --> 00:19:33,990
The Daily News All right guys, I
want to tell you about the 

368
00:19:34,030 --> 00:19:36,510
Orange Pill app. 
You want to stack friends who 

369
00:19:36,510 --> 00:19:38,270
stacks ads. 
The Orange Pill app is building 

370
00:19:38,270 --> 00:19:40,910
the social layer for Bitcoin. 
The Bitcoin circular economy is 

371
00:19:40,910 --> 00:19:43,110
coming, and this is where it 
starts within real life 

372
00:19:43,110 --> 00:19:44,870
connections. 
Find other bitcoiners who live 

373
00:19:44,870 --> 00:19:47,710
close to you, find plebs while 
you're traveling, or or find 

374
00:19:47,710 --> 00:19:50,310
nearby Bitcoin events. 
Plus, Orange Pull app recently 

375
00:19:50,310 --> 00:19:52,950
enabled Zaps and you could ZAP 
your friends or ZAP events to 

376
00:19:52,950 --> 00:19:54,710
help with the cost to organize 
your next Bitcoin. 

377
00:19:54,710 --> 00:19:56,860
Meet up. 
Scan the QR code on your screen 

378
00:19:56,860 --> 00:19:59,820
right now and when you sign up, 
you'll get 10,000 Sat's. 

379
00:19:59,820 --> 00:20:02,660
Stack friends who stack Sat's 
download the Orange Pill out 

380
00:20:02,660 --> 00:20:04,140
today and I do appreciate 
opting. 

381
00:20:04,140 --> 00:20:06,660
I do appreciate all the messages
and love that we're getting. 

382
00:20:07,060 --> 00:20:09,620
And we try to take the time to 
respond to each and one of the 

383
00:20:09,620 --> 00:20:11,540
messages. 
Anyways, the big news I wanted 

384
00:20:11,540 --> 00:20:15,740
to cover today is long term 
Bitcoin Huddler metric hits new 

385
00:20:15,740 --> 00:20:18,420
all time high. 
Long term Bitcoin huddlers now 

386
00:20:18,420 --> 00:20:24,060
control a record of 14.6 million
Bitcoin according to data from 

387
00:20:24,060 --> 00:20:26,340
blockchain analytics firm Glass 
Node. 

388
00:20:26,620 --> 00:20:29,150
Long term Bitcoin Huddlers are a
ha. 

389
00:20:29,230 --> 00:20:32,310
You see that little Freudian 
slip holders hoddlers. 

390
00:20:32,350 --> 00:20:34,110
I'm going to switch it to 
hoddlers, I don't care. 

391
00:20:34,350 --> 00:20:38,430
Longterm Bitcoin hoddlers are 
are dresses that have held coins

392
00:20:38,430 --> 00:20:42,070
for at least 155 days according 
to Glass Node. 

393
00:20:42,070 --> 00:20:45,510
Previous research shows that 
this type of address is This is 

394
00:20:45,510 --> 00:20:50,950
statistically unlikely to spend.
Thus in Bitcoin slang assumed to

395
00:20:50,950 --> 00:20:54,790
be hoddling. 
I like that here for our our 

396
00:20:54,790 --> 00:20:58,910
video watchers, here's the 
graph, absolutely bullish. 

397
00:20:59,230 --> 00:21:01,670
And it's interesting because 
this wasn't the case in like the

398
00:21:01,710 --> 00:21:03,590
early days of Bitcoin. 
I think a lot of people didn't 

399
00:21:03,590 --> 00:21:06,910
realize its value. 
But I think as time progresses, 

400
00:21:06,910 --> 00:21:09,430
as you have more Michael 
Sailors, if you have more name 

401
00:21:09,430 --> 00:21:13,470
bouquets, you have more black 
rocks, I think people come to 

402
00:21:13,470 --> 00:21:16,550
the inevitable conclusion. 
It's like if I sell Bitcoin, 

403
00:21:16,550 --> 00:21:18,390
that's the question that I 
always get for my family. 

404
00:21:18,390 --> 00:21:20,250
It's like, hey, So what are you 
gonna sell? 

405
00:21:20,250 --> 00:21:21,770
And like that? 
My response is always the same. 

406
00:21:21,770 --> 00:21:24,010
Like, sell to what exactly? 
Sell to? 

407
00:21:24,090 --> 00:21:26,730
To Monopoly money. 
Something that we could. 

408
00:21:26,730 --> 00:21:31,170
Especially now, like we just 
survived the bear market, We're 

409
00:21:31,170 --> 00:21:33,410
probably on our way back out 
soon. 

410
00:21:33,410 --> 00:21:36,410
Like, this is not time to sell 
exactly. 

411
00:21:36,450 --> 00:21:38,290
Amen to that. 
I couldn't have said it better 

412
00:21:38,290 --> 00:21:41,290
than Mags anyways. 
So let's kind of breakdown. 

413
00:21:41,290 --> 00:21:43,370
Let's do some some simple math, 
right. 

414
00:21:43,700 --> 00:21:45,380
So I start. 
I asked Google this morning when

415
00:21:45,380 --> 00:21:47,140
I saw this. 
I said how many millionaires are

416
00:21:47,140 --> 00:21:49,860
there around the world, right. 
So there's 56,000,000 

417
00:21:49,860 --> 00:21:52,340
millionaires, right? 
Let's go back to the stat. 

418
00:21:52,580 --> 00:21:55,580
So it's estimated that four. 
Let's let's round up. 

419
00:21:55,580 --> 00:21:58,740
Let's make this number 14.6, 
right? 

420
00:21:58,740 --> 00:22:05,060
So 14.6, so 14.6 million Bitcoin
unaccessible Max. 

421
00:22:05,060 --> 00:22:07,140
How many How much Bitcoin do you
think are lost? 

422
00:22:11,000 --> 00:22:13,680
I think at least a million. 
I know people say it's higher, 

423
00:22:13,800 --> 00:22:16,000
but every now and then we see 
coins move. 

424
00:22:16,600 --> 00:22:20,440
So, so I do think probably a 
million, but I don't think more 

425
00:22:20,840 --> 00:22:23,360
okay, so a million. 
So let's say there's 20 million 

426
00:22:23,360 --> 00:22:27,200
Bitcoin, right? 
So you subtract 14.6. 

427
00:22:27,200 --> 00:22:32,920
I'm terrible at math. 
Help me guys here. 14.6 -, 20 is

428
00:22:35,320 --> 00:22:38,280
5.45 point 4. 
OK, so 5.4. 

429
00:22:38,280 --> 00:22:42,600
So there's 5.4 million Bitcoin 
to to go around, right? 

430
00:22:43,720 --> 00:22:46,200
Plus, not to mention all the 
Bitcoin that has been mined 

431
00:22:46,680 --> 00:22:49,760
mined yet. 
And there's 56,000,000 

432
00:22:49,760 --> 00:22:51,680
millionaires around the world, 
right? 

433
00:22:52,080 --> 00:22:54,600
So you do the math, right? 
So it's 5.4. 

434
00:22:55,080 --> 00:23:06,040
Let's divide it so 56,000,000 / 
5 four and we get the number of 

435
00:23:06,720 --> 00:23:10,320
10.3. 
No, I totally did that wrong. 

436
00:23:11,000 --> 00:23:15,040
And you know, as Greg Foss would
say, do the math. 11th grade 

437
00:23:15,040 --> 00:23:17,400
math and he go to do 11th grade 
math. 

438
00:23:17,400 --> 00:23:20,080
I totally did. 
I became a concentrate. 

439
00:23:20,120 --> 00:23:23,600
No need 11th grade math to buy 
Bitcoin and hold Bitcoin. 

440
00:23:24,400 --> 00:23:30,440
So 5.4 / 5.4 divided by how much
Bitcoin is left, How much did we

441
00:23:30,440 --> 00:23:31,440
come? 
What come up with it? 

442
00:23:31,760 --> 00:23:35,520
Was 5.4 bro. 
Okay 5.6 million divided by 

443
00:23:35,520 --> 00:23:41,680
56,000,000 is .09 Bitcoin per 
millionaire, which is 

444
00:23:41,720 --> 00:23:44,760
absolutely. 
It's nothing, right? 

445
00:23:45,160 --> 00:23:47,920
So I don't think that's very 
world. 

446
00:23:47,960 --> 00:23:49,920
It's nothing for the developing.
It's a lot. 

447
00:23:50,160 --> 00:23:51,760
Exactly, exactly. 
I agree with. 

448
00:23:51,800 --> 00:23:54,960
I agree with that statement. 
And then, mind you, right, you 

449
00:23:54,960 --> 00:24:01,390
also have this guy who's just 
continuing to stack all of it 

450
00:24:02,070 --> 00:24:05,070
and he he's just not leaving it 
for the rest of us. 

451
00:24:07,750 --> 00:24:10,150
And let's take a look at how 
much Bitcoin he has. 

452
00:24:10,150 --> 00:24:14,670
He has 152. 
So I guess the Long story short,

453
00:24:14,670 --> 00:24:17,790
the point that I'm trying to 
make right is that if you divide

454
00:24:17,790 --> 00:24:21,150
it equally between all the 
millionaires with the amount of 

455
00:24:21,150 --> 00:24:23,430
Bitcoin that's left, that's not 
in cold storage. 

456
00:24:23,430 --> 00:24:27,670
It's only .09. 
Let's round up it's .1 Bitcoin 

457
00:24:27,870 --> 00:24:30,480
per millionaire. 
There's one billionaire that has

458
00:24:30,480 --> 00:24:33,360
158,000 of them. 
Imagine when the other 

459
00:24:33,360 --> 00:24:36,120
billionaires wake up to this and
they say, hey, I want to stack 

460
00:24:36,120 --> 00:24:40,040
some too, there's not enough 
Bitcoin to go around. 

461
00:24:40,080 --> 00:24:43,280
And I think that this has never 
happened before because in gold 

462
00:24:43,280 --> 00:24:45,920
mining, what's interesting is 
that the production of gold 

463
00:24:45,920 --> 00:24:48,520
mining actually goes up when the
price goes up. 

464
00:24:48,880 --> 00:24:50,920
But with Bitcoin, doesn't 
matter. 

465
00:24:50,920 --> 00:24:54,000
The having is the having like it
is what it is. 

466
00:24:55,160 --> 00:24:57,960
So it's just a very unique and 
interesting phenomenon. 

467
00:24:58,470 --> 00:25:01,270
And that leads, like it leads 
the Neville conclusion, This 

468
00:25:01,270 --> 00:25:03,870
thing's going to go to the moon,
This thing's going to blow up. 

469
00:25:04,390 --> 00:25:07,590
And to add to what Mags was 
saying earlier, right, why would

470
00:25:07,590 --> 00:25:10,350
you sell your Bitcoin right now?
You're selling it to Sailor, 

471
00:25:10,670 --> 00:25:13,830
you're selling it to BlackRock 
and maybe you're selling it to 

472
00:25:13,830 --> 00:25:15,110
governments. 
We don't know yet. 

473
00:25:15,190 --> 00:25:16,910
Definitely El Salvador, but. 
The. 

474
00:25:16,910 --> 00:25:19,710
Other ones El Salvador, but then
also like. 

475
00:25:20,110 --> 00:25:23,470
Not just the bull market, like, 
we're waiting to see if the ETF 

476
00:25:23,470 --> 00:25:26,430
is going to be approved, right? 
We're waiting to see if 

477
00:25:26,430 --> 00:25:29,110
grayscale is converted. 
Like, it's not a good time. 

478
00:25:30,030 --> 00:25:34,390
Just at least wait till that. 
Yeah, it's it's definitely not a

479
00:25:34,390 --> 00:25:36,630
good time. 
Is it safe to say it's never a 

480
00:25:36,630 --> 00:25:38,790
good time to sell your Bitcoin? 
Would you say that Max? 

481
00:25:39,030 --> 00:25:42,110
I will. 
No, I'm going to be that guy. 

482
00:25:42,350 --> 00:25:47,630
That girl I think to like. 
But I've been in this place 

483
00:25:47,630 --> 00:25:48,870
where I'm like, I'm never 
selling. 

484
00:25:48,870 --> 00:25:50,830
I'm foddling. 
And then you struggle through 

485
00:25:50,830 --> 00:25:54,390
and it's like, at some point 
it's like you got to live life, 

486
00:25:54,630 --> 00:25:56,630
right? 
You got to enjoy things, go on 

487
00:25:56,630 --> 00:26:00,070
your trip because, like, on your
deathbed, maybe you folks are 

488
00:26:00,070 --> 00:26:03,110
like, yes, generational wealth. 
Well, if, if you're holding some

489
00:26:03,110 --> 00:26:05,990
Bitcoin, there's still going to 
be generational wealth that 

490
00:26:05,990 --> 00:26:07,670
you're passing on. 
You're not selling at all. 

491
00:26:07,670 --> 00:26:12,110
But I think like making memories
with your family, you know, go 

492
00:26:12,110 --> 00:26:14,710
see your parents. 
You know, spend time with your 

493
00:26:14,710 --> 00:26:17,750
partner, going that vacation, 
spend time with your kids. 

494
00:26:17,750 --> 00:26:23,390
I think that is more important 
than maybe you need a house. 

495
00:26:23,550 --> 00:26:25,510
Provide security for your 
family, right? 

496
00:26:25,710 --> 00:26:29,790
I do think you should be. 
Don't toddle forever. 

497
00:26:30,190 --> 00:26:32,030
At some point, you have to live 
too. 

498
00:26:32,550 --> 00:26:33,550
Okay. 
I like that. 

499
00:26:33,550 --> 00:26:34,790
I like that. 
I love that. 

500
00:26:34,790 --> 00:26:36,230
I love that. 
And I agree with you, by the 

501
00:26:36,230 --> 00:26:38,350
way, I agree with you. 
But the awesome part about 

502
00:26:38,350 --> 00:26:42,160
Bitcoin is that you know it it 
it goes up, right? 

503
00:26:42,160 --> 00:26:45,560
So it's like this, it like this.
You're on this like like weird 

504
00:26:45,560 --> 00:26:48,000
type of mentality where it's 
like you're purchasing power 

505
00:26:48,000 --> 00:26:51,280
increases over time. 
Yeah, it's a very interesting 

506
00:26:51,280 --> 00:26:53,040
phenomenon. 
Anyways, optimum. 

507
00:26:53,200 --> 00:26:55,360
Back. 
Don't be like, oh, this phone is

508
00:26:55,360 --> 00:26:58,880
now worth $10,000. 
Like, that's it's a negative 

509
00:26:58,880 --> 00:27:00,640
mindset, right? 
OK, but Max? 

510
00:27:00,640 --> 00:27:04,400
To be fair, that 10,000 Bitcoin 
for two pizzas like that must 

511
00:27:04,400 --> 00:27:08,490
have hurt. 
Yeah, no, I can't remember if he

512
00:27:08,490 --> 00:27:11,970
had. 
He probably had more, but that's

513
00:27:11,970 --> 00:27:15,850
a tough look. 
If I had been in Bitcoin in like

514
00:27:15,850 --> 00:27:19,450
2009, for all I know, I might 
have sold that like $1.00 at 

515
00:27:19,450 --> 00:27:21,090
$10. 
You never know, right. 

516
00:27:21,250 --> 00:27:25,930
So and he said the price like 
that was you needed it. 

517
00:27:26,450 --> 00:27:29,890
It was a beautiful transaction 
because it's now, you know, 

518
00:27:29,890 --> 00:27:33,640
like. 
In at 2140, when the last 

519
00:27:33,760 --> 00:27:37,360
Bitcoin is mine, right, people 
are gonna be like, remember that

520
00:27:37,520 --> 00:27:40,960
Laszlo and he bought that pizza.
Yeah, he went down in history. 

521
00:27:41,600 --> 00:27:45,040
Your name goes down in history. 
That is your legacy. 

522
00:27:45,040 --> 00:27:47,600
Like he has a legacy. 
This is true. 

523
00:27:47,600 --> 00:27:48,760
This is true. 
Oh, yellow. 

524
00:27:48,760 --> 00:27:50,520
Yellow has a comment. 
Yellows in the chat. 

525
00:27:50,600 --> 00:27:53,600
Don't sell your sats for stuff. 
Sell it only for the betterment 

526
00:27:53,600 --> 00:27:56,440
of your quality of life. 
That's the standard of selling. 

527
00:27:56,440 --> 00:27:59,110
Nothing less and start buying 
back immediately. 

528
00:27:59,190 --> 00:28:01,030
Okay. 
Yes, that's a really good way to

529
00:28:01,030 --> 00:28:08,510
put it. 
Don't stop believing how to do 

530
00:28:08,510 --> 00:28:10,190
that feeling. 
Yellow is always here. 

531
00:28:10,750 --> 00:28:12,950
All right. 
Abdi, what's your take on? 

532
00:28:13,230 --> 00:28:18,510
Well, first on the Laszlo. 
Topic You know, he was an early 

533
00:28:18,510 --> 00:28:20,590
GPU minor, so I'm pretty sure 
he's set. 

534
00:28:25,270 --> 00:28:26,990
Have you seen him in that 
interview, bro? 

535
00:28:20,590 --> 00:28:23,670
Like, I'm pretty sure he's OK 
and and doesn't regret selling 

536
00:28:23,670 --> 00:28:27,510
that 10,000 Bitcoin. 
Like. 

537
00:28:27,910 --> 00:28:28,470
Which one? 
No. 

538
00:28:28,830 --> 00:28:30,230
Have you seen? 
Have you guys seen him in that 

539
00:28:30,230 --> 00:28:32,590
interview or like the like? 
It was like the legacy media 

540
00:28:32,590 --> 00:28:35,830
where they have like multiple 
camera angles and she's like, so

541
00:28:35,830 --> 00:28:39,430
you sold 10,000 Bitcoin, That's 
175. 

542
00:28:39,430 --> 00:28:42,290
And he's just like. 
I never did the math. 

543
00:28:42,290 --> 00:28:46,730
He's like, yeah. 
That's like 2 Max points though,

544
00:28:46,730 --> 00:28:50,250
You know, like you can always 
look back, Yeah, you can always 

545
00:28:50,250 --> 00:28:53,410
look back and be like, man, you 
know all the Bitcoin I've lost 

546
00:28:53,410 --> 00:28:56,850
or you know, the opportunity 
cost of not buying when it was X

547
00:28:56,850 --> 00:28:59,500
price like. 
That is just bad for your mental

548
00:28:59,500 --> 00:29:02,460
health period. 
Like look forward stacks at you 

549
00:29:02,460 --> 00:29:04,460
have the opportunity to stack 
now but that's a totally 

550
00:29:04,460 --> 00:29:07,460
different different topic. 
So let's get back to the news 

551
00:29:07,460 --> 00:29:09,740
here. 
First and foremost, I love 

552
00:29:09,740 --> 00:29:12,900
seeing the corporate press. 
This was Yahoo news just like 

553
00:29:12,900 --> 00:29:15,700
continue to cover Bitcoin 
whether they know that they're 

554
00:29:15,700 --> 00:29:17,580
being stupidly bullish with us 
or not. 

555
00:29:17,580 --> 00:29:20,380
Like I just love to see that we 
have psyop corporate press to 

556
00:29:20,380 --> 00:29:23,500
like talk about Bitcoin stuff. 
And you know, Yahoo News has 

557
00:29:23,500 --> 00:29:26,540
been doing a pretty good job and
shouts out to I forget who it 

558
00:29:26,540 --> 00:29:28,650
was. 
But they tagged me on Twitter 

559
00:29:28,650 --> 00:29:30,530
and they're like Opti. 
You got to be more optimistic 

560
00:29:30,530 --> 00:29:32,610
about the corporate press. 
Like we have Bitcoin is working 

561
00:29:32,610 --> 00:29:34,490
at Forbes and stuff and I'm 
like, hey bro. 

562
00:29:34,490 --> 00:29:36,570
Take pmg. 
Yeah, exactly. 

563
00:29:36,570 --> 00:29:38,570
Exactly. 
Like, I love to see it, but you 

564
00:29:38,570 --> 00:29:40,970
know, I I'm not. 
I'm doing my job by being 

565
00:29:41,250 --> 00:29:45,010
critical and skeptical of the 
corporate press sites, but love 

566
00:29:45,010 --> 00:29:48,770
to see that bitcoiners are 
infiltrating all of the 

567
00:29:48,770 --> 00:29:52,090
institutions. 
So, you know, just just love to 

568
00:29:52,090 --> 00:29:53,890
see it. 
But to the news about the 

569
00:29:53,890 --> 00:29:55,690
Hodlers and the Glass Note 
stuff. 

570
00:29:55,690 --> 00:29:57,250
And of course you know, Glass 
Note on Yahoo. 

571
00:29:57,370 --> 00:29:59,570
News like, just love to see. 
I remember when that was just 

572
00:29:59,570 --> 00:30:02,890
Bitcoin opium on Twitter and 
like Glass Noon, like my metrics

573
00:30:02,890 --> 00:30:04,730
on chain metrics, bro, we're 
going to the moon. 

574
00:30:04,970 --> 00:30:08,370
But what do I always say on the 
show guys? 

575
00:30:08,490 --> 00:30:10,770
The Bitcoin price is a real time
metric of people's 

576
00:30:10,770 --> 00:30:14,330
understanding. 
And I think that that metric of 

577
00:30:14,330 --> 00:30:17,490
people holding Bitcoin is also a
real time metric of people's 

578
00:30:17,490 --> 00:30:21,130
understanding of what they're 
holding or what Bitcoin as a, 

579
00:30:21,210 --> 00:30:23,530
you know, as people would say as
a class and investment. 

580
00:30:24,190 --> 00:30:26,870
Idea is, and it's something you 
want to hold long term. 

581
00:30:26,870 --> 00:30:29,870
It's the best store of value in 
the world and it's 

582
00:30:29,870 --> 00:30:32,030
permissionless money and we know
all the memes. 

583
00:30:32,030 --> 00:30:36,390
But you love to see that this 
trend is improving, that more 

584
00:30:36,390 --> 00:30:39,350
people are holding on to their 
Bitcoin and not just looking for

585
00:30:39,350 --> 00:30:41,670
the Fiat gains. 
And I think a lot of people 

586
00:30:41,670 --> 00:30:45,540
forget that. 
Bitcoin price is set by the 

587
00:30:45,540 --> 00:30:47,260
margins. 
Like there's only so much 

588
00:30:47,260 --> 00:30:51,060
Bitcoin that that people trade 
and that's what sets the Bitcoin

589
00:30:51,060 --> 00:30:52,900
price. 
And more people are holding 

590
00:30:52,900 --> 00:30:57,140
Bitcoin as we've seen. 
What is it, 14.6 million Bitcoin

591
00:30:57,140 --> 00:30:59,620
is in cold storage. 
Like most people are hoddling 

592
00:30:59,620 --> 00:31:01,380
their Bitcoin. 
Most people understand what 

593
00:31:01,380 --> 00:31:03,660
they're holding and they don't 
want to part with it. 

594
00:31:04,020 --> 00:31:08,380
And I think I forget who was the
person that did the article, but

595
00:31:08,380 --> 00:31:11,140
it might have been glass node 
themselves or chain analytics or

596
00:31:11,140 --> 00:31:12,220
something. 
I forget who it is. 

597
00:31:12,830 --> 00:31:16,190
Some Unchained metrics person 
and they were saying a couple of

598
00:31:16,190 --> 00:31:18,590
months ago that all the Bitcoin 
tourists are gone in the 

599
00:31:18,710 --> 00:31:20,950
ecosystem. 
So like, yeah, that's that's 

600
00:31:20,950 --> 00:31:22,550
that was their framing all the 
Bitcoin tourists. 

601
00:31:22,550 --> 00:31:26,670
Are gone. 
And I think it's it's becoming 

602
00:31:26,670 --> 00:31:28,990
more and more obvious to at 
least us here on simply Bitcoin,

603
00:31:28,990 --> 00:31:30,550
like everyone that is. 
Still. 

604
00:31:30,930 --> 00:31:33,890
Obsessed with Bitcoin is people 
that understand what Bitcoin is.

605
00:31:33,890 --> 00:31:35,850
They understand how this is 
going to change the world. 

606
00:31:36,130 --> 00:31:39,930
And we haven't really got back 
into popular culture of 

607
00:31:39,930 --> 00:31:42,730
consciousness yet because we've 
been in a bear market for so 

608
00:31:42,730 --> 00:31:45,170
long. 
So it's just, I think it's very,

609
00:31:45,650 --> 00:31:49,050
very positive to see corporate 
press talk about Bitcoin, 

610
00:31:49,130 --> 00:31:53,210
whether it's like you know, Joe 
Squawk or it's Yahoo News like. 

611
00:31:53,830 --> 00:31:56,470
Or BlackRock or whatever. 
Like everyone is starting to 

612
00:31:56,470 --> 00:31:59,310
realize, like, hey, I might want
to get some of this just in case

613
00:31:59,310 --> 00:32:02,310
it catches on and it's like, 
hey, we're here, we're waiting 

614
00:32:02,310 --> 00:32:04,190
for you guys and this next bull 
run. 

615
00:32:04,190 --> 00:32:06,790
I think it's going to be 
absolutely insane. 

616
00:32:06,830 --> 00:32:11,110
And it's just beautiful to see 
that most people are holding on 

617
00:32:11,110 --> 00:32:13,150
to their Bitcoin. 
And of course there's probably a

618
00:32:13,150 --> 00:32:15,310
lot more Bitcoin lost. 
And we understand. 

619
00:32:15,670 --> 00:32:17,390
And it just always makes me 
think. 

620
00:32:17,820 --> 00:32:19,380
We are just not bullish enough 
guys. 

621
00:32:19,380 --> 00:32:22,380
I I know we're getting lost in 
the sauce and the bear market's 

622
00:32:22,380 --> 00:32:26,460
wearing us down and we're we're 
doing our best to sell all of 

623
00:32:26,460 --> 00:32:29,780
our chairs and be greedy and 
stack all the SAT playing hungry

624
00:32:29,780 --> 00:32:34,580
hippo with Bitcoin. 
But I think moving forward we 

625
00:32:34,580 --> 00:32:39,920
are going to see. 
Very sharp price rise and all of

626
00:32:39,920 --> 00:32:42,720
you guys out there going to have
to make it through that auto 

627
00:32:42,720 --> 00:32:45,040
buyout zone. 
As we can tell, all the 

628
00:32:45,040 --> 00:32:47,800
institutions want your Bitcoin. 
Everyone's a scammer and they 

629
00:32:47,800 --> 00:32:49,720
want your Bitcoin guys, so you 
know. 

630
00:32:50,220 --> 00:32:53,020
Steal your mind right now. 
Make sure you guys are mentally 

631
00:32:53,020 --> 00:32:56,380
prepared for this price rise. 
And and also like Max was 

632
00:32:56,380 --> 00:32:58,620
saying, you know, get yourself 
in a financial position where 

633
00:32:58,620 --> 00:33:02,100
you don't need your Bitcoin to 
raise for you to live a good 

634
00:33:02,100 --> 00:33:04,100
life. 
So you know right now is the 

635
00:33:04,100 --> 00:33:06,940
time to calm before the storm to
prepare yourself for what's 

636
00:33:06,940 --> 00:33:09,820
going to come because hey, you 
know me, I stay stupidly bullish

637
00:33:09,820 --> 00:33:11,380
and I think it's going to get 
crazy. 

638
00:33:11,380 --> 00:33:14,490
So I'm just trying to like. 
Temper that now because I 

639
00:33:14,490 --> 00:33:16,850
already know I'm going to be 
losing my mind in the next year 

640
00:33:16,850 --> 00:33:19,490
or two about the price rise. 
So I'm, I'm just warning you 

641
00:33:19,490 --> 00:33:22,530
guys now, it's all looking very 
good in, in my opinion. 

642
00:33:22,530 --> 00:33:25,850
But hey, I have, you know, 
orange lenses on and I look 

643
00:33:25,850 --> 00:33:28,330
through the world in orange 
tinted view. 

644
00:33:28,770 --> 00:33:30,330
Oh man, oh man. 
Opti. 

645
00:33:30,330 --> 00:33:32,130
Opti. 
They don't call him St. 

646
00:33:32,130 --> 00:33:34,690
Opti for no reason. 
Everybody, now, everybody we're 

647
00:33:34,690 --> 00:33:37,210
going to talk about, we're going
to talk about Max and what she's

648
00:33:37,210 --> 00:33:39,450
doing, what she's up to. 
So it's time for the culture, 

649
00:33:39,450 --> 00:33:40,770
everybody. 
Let's do it. 

650
00:33:44,580 --> 00:33:50,100
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651
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653
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656
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658
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659
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660
00:34:21,060 --> 00:34:24,659
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661
00:34:24,659 --> 00:34:25,980
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662
00:34:26,020 --> 00:34:30,179
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663
00:34:30,179 --> 00:34:33,340
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I hope to see a lot of you guys 

664
00:34:33,340 --> 00:34:35,420
there. 
Anyways, West Coast, West Coast,

665
00:34:35,659 --> 00:34:38,100
I can't wait to go in high 
signal. 

666
00:34:39,380 --> 00:34:42,860
Mags is going use promo code 
simply if you want to see mags. 

667
00:34:43,139 --> 00:34:45,139
If you don't use promo code, 
you're not gonna see mags. 

668
00:34:45,980 --> 00:34:48,020
Yes, agreed. 
All right, guys. 

669
00:34:48,020 --> 00:34:52,260
Well, first and foremost. 
Most people really love to hear 

670
00:34:52,260 --> 00:34:56,020
people's orange or white, you 
know, rabbit hole story, rabbit 

671
00:34:56,020 --> 00:34:58,780
hole journey. 
So Mags, I'm going to first tee 

672
00:34:58,780 --> 00:35:02,380
you up with what is your rabbit 
hole story and why you so 

673
00:35:02,380 --> 00:35:06,820
obsessed with Bitcoin. 
I'm I'm probably very similar to

674
00:35:06,860 --> 00:35:10,700
most people where number go up. 
I'm like hmm what is this? 

675
00:35:11,860 --> 00:35:15,180
Bought, bought a little bit so 
other things going up like 

676
00:35:15,220 --> 00:35:19,580
Ethereum diversified so I CO's 
lost a lot of money. 

677
00:35:20,570 --> 00:35:24,250
Came back in the black in 2020, 
which is just painful because 

678
00:35:24,250 --> 00:35:29,250
that was a 2017 class. 
That kind of was like a learning

679
00:35:29,250 --> 00:35:31,530
moment. 
You know, you have trial by fire

680
00:35:31,730 --> 00:35:36,010
where I was like, there's a lot 
of crap out there, and sometimes

681
00:35:36,010 --> 00:35:38,930
you kind of have to go through 
that to better understand why. 

682
00:35:39,210 --> 00:35:43,010
But I kept learning. 
And I think also you have to 

683
00:35:43,010 --> 00:35:45,810
dive into like your your 
personal story, your family 

684
00:35:45,810 --> 00:35:49,390
history to make. 
Bitcoin resonate with you or why

685
00:35:49,390 --> 00:35:51,790
it's important or when you're 
connecting with other people 

686
00:35:52,190 --> 00:35:54,590
Because looking back, I have 
some family stories. 

687
00:35:54,590 --> 00:35:58,830
So my grandma, beautiful 
gardens, beautiful house in 

688
00:35:58,830 --> 00:36:07,110
Poland when she grew up, but 
when the war happened and the 

689
00:36:07,110 --> 00:36:09,990
government shifted the border, 
because that's what governments 

690
00:36:09,990 --> 00:36:12,580
do and that. 
She lived in Tadnopo. 

691
00:36:12,620 --> 00:36:15,460
It was no longer in Poland. 
It became part of the Ukraine. 

692
00:36:15,700 --> 00:36:18,500
So she lost her house, she lost 
her land and she had to leave 

693
00:36:18,500 --> 00:36:20,620
the country and with not much, 
right. 

694
00:36:20,900 --> 00:36:24,900
So that's that's a case of like 
governments, you know, like Draw

695
00:36:24,900 --> 00:36:28,700
Something, sign something and 
things are no longer yours. 

696
00:36:29,020 --> 00:36:32,660
And I take that personal story. 
As you know, Bitcoin cannot be 

697
00:36:32,660 --> 00:36:35,780
confiscated by government with 
like the stroke of a pen. 

698
00:36:36,400 --> 00:36:39,120
And so that's important to me 
and that's something that 

699
00:36:39,160 --> 00:36:41,080
resonates. 
And then also same thing with my

700
00:36:41,080 --> 00:36:46,240
grandpa. 
His grandfather was an artist in

701
00:36:46,240 --> 00:36:49,400
Poland and he, you know, painted
lots of beautiful pictures. 

702
00:36:49,640 --> 00:36:53,640
But again, war happened. 
They had to flee their house and

703
00:36:53,640 --> 00:36:55,920
we came back. 
It was broken into and all the 

704
00:36:55,920 --> 00:36:57,760
paintings were gone. 
And other valuables. 

705
00:36:58,120 --> 00:37:01,200
And then he walked along the 
street and see his grandfathers 

706
00:37:01,200 --> 00:37:04,400
are in like, for sale the stuff 
that was stolen. 

707
00:37:05,020 --> 00:37:07,220
And he couldn't even afford to 
buy it back. 

708
00:37:07,460 --> 00:37:10,300
But again, like people will 
steal your things. 

709
00:37:10,620 --> 00:37:14,860
And last kind of personal story 
is we left Poland during 

710
00:37:15,100 --> 00:37:17,740
communism. 
We escaped as refugees. 

711
00:37:18,090 --> 00:37:20,410
You know, my dad packed up the 
car, the little Fiat, because 

712
00:37:20,410 --> 00:37:23,650
that's what we had back then. 
It was a standard car, Fiat car,

713
00:37:23,650 --> 00:37:26,130
tiny car, everything that we 
could take with us. 

714
00:37:26,130 --> 00:37:28,450
We took the government kind of 
messed up there. 

715
00:37:28,450 --> 00:37:31,250
They gave everybody in my family
a passport. 

716
00:37:31,250 --> 00:37:33,450
Usually they wouldn't because 
then somebody has to stay 

717
00:37:33,450 --> 00:37:35,490
behind. 
But they made that mistake. 

718
00:37:35,490 --> 00:37:37,370
And when we arrived at the 
border, you know, there were 

719
00:37:37,570 --> 00:37:39,370
border guards there, like, where
are you going? 

720
00:37:39,370 --> 00:37:41,610
What's going on? 
The border guard looks in and 

721
00:37:41,610 --> 00:37:43,210
she's like, you're not coming 
back, are you? 

722
00:37:43,210 --> 00:37:48,550
And then my dad's like, no. 
And she's like just go and but 

723
00:37:48,550 --> 00:37:51,150
he was worried that they were 
going to shoot shoot at them 

724
00:37:51,150 --> 00:37:56,590
because a kind of a time but, 
you know, we made it, but that's

725
00:37:56,590 --> 00:37:59,430
all we took. 
And so you know it. 

726
00:37:59,430 --> 00:38:02,910
It's just these little stories 
that kind of make the coin more,

727
00:38:03,710 --> 00:38:06,710
you know, resonate with me and 
my story and why it makes sense.

728
00:38:06,710 --> 00:38:09,630
So I I urge everybody to kind of
like go through your family 

729
00:38:09,630 --> 00:38:13,030
history and and and find those 
stories why it resonates, 

730
00:38:13,030 --> 00:38:16,210
especially when. 
You know, you're struggling. 

731
00:38:16,210 --> 00:38:18,810
You're like, I don't know if the
coin's ever going to go up 

732
00:38:18,810 --> 00:38:20,690
again. 
It's like, those are, those are 

733
00:38:20,690 --> 00:38:23,770
the reasons why you're like, I'm
in it for that, right? 

734
00:38:23,810 --> 00:38:26,530
And for me too. 
I'm also in it because. 

735
00:38:26,530 --> 00:38:29,330
So I spend a decade in low 
carbon economic transition, 

736
00:38:29,370 --> 00:38:32,050
right? 
I know a lot of you love the ESG

737
00:38:32,050 --> 00:38:34,250
stuff, but like I was trying, 
you know, I love the 

738
00:38:34,250 --> 00:38:36,330
environment. 
I was trying to save, you know, 

739
00:38:36,370 --> 00:38:40,290
the environment by working on 
projects that would reduce 

740
00:38:40,290 --> 00:38:43,000
carbon. 
And and while you're there, you 

741
00:38:43,000 --> 00:38:47,360
know for the decade I saw that 
government just shift the, the, 

742
00:38:47,600 --> 00:38:50,720
the, the targets because they 
can't meet them and they need to

743
00:38:50,720 --> 00:38:52,640
make trillions of dollars worth 
of investment. 

744
00:38:52,680 --> 00:38:54,440
And it's just not happening 
because no one's spending the 

745
00:38:54,440 --> 00:38:56,480
money like taxpayers, 
ratepayers. 

746
00:38:56,480 --> 00:38:59,040
It's just not happening. 
And then you get into Bitcoin 

747
00:38:59,040 --> 00:39:02,720
mining and we are, you know, 
Bitcoin is this elegant system 

748
00:39:02,720 --> 00:39:05,800
of economics, right? 
And it's finding. 

749
00:39:05,800 --> 00:39:08,520
It's all about finding those 
incentives and here we are. 

750
00:39:08,870 --> 00:39:12,630
Setting up projects Co locating 
with renewables, with nuclear to

751
00:39:12,630 --> 00:39:15,390
support that, you know those low
carbon generation sources. 

752
00:39:15,630 --> 00:39:20,270
We're building out better grid 
infrastructure for that new, you

753
00:39:20,270 --> 00:39:22,470
know, transition to a low carbon
grid. 

754
00:39:22,790 --> 00:39:25,230
You know, we're like partnering 
with projects that are reducing 

755
00:39:25,230 --> 00:39:29,670
methane, whether it's landfills,
whether it's on farms, right, 

756
00:39:29,870 --> 00:39:34,190
like animal poop is generating 
energy. 

757
00:39:34,550 --> 00:39:36,710
The project that I work on is 
reducing. 

758
00:39:37,130 --> 00:39:40,930
The landfill waste for tigers. 
But like we are through the 

759
00:39:40,930 --> 00:39:44,930
incentives that Bitcoin 
provides, subsidizing a way to 

760
00:39:44,930 --> 00:39:49,730
reduce, you know environmental 
negatives or externalities. 

761
00:39:49,730 --> 00:39:53,090
And so it's pretty exciting to 
me, like that's that's what 

762
00:39:53,610 --> 00:39:55,650
makes me super pumped and 
excited, right? 

763
00:39:55,650 --> 00:40:00,330
Like you hope that you get to 
work in a place that it's also 

764
00:40:00,330 --> 00:40:04,250
meaningful and and that's why I 
love being a bitcoiner and 

765
00:40:04,250 --> 00:40:06,300
working in this space. 
Love it. 

766
00:40:06,420 --> 00:40:07,740
Powerful story. 
Powerful. 

767
00:40:07,860 --> 00:40:10,660
Story. 
I'm already a super fan. 

768
00:40:10,700 --> 00:40:13,180
This is, this is, this is 
awesome, This this is 

769
00:40:13,180 --> 00:40:15,540
incredible. 
Like what your your childhood 

770
00:40:15,540 --> 00:40:19,940
experience, you know, fleeing A 
communist country kind of 

771
00:40:19,940 --> 00:40:24,140
seeing, you know what? 
And and then then looking back, 

772
00:40:24,260 --> 00:40:25,620
right? 
Like looking back and say what 

773
00:40:26,020 --> 00:40:29,340
if I had Bitcoin in this moment?
Holy cow. 

774
00:40:29,540 --> 00:40:31,580
Would that have made a 
difference? 

775
00:40:32,710 --> 00:40:35,870
And you know, and it's 
interesting, you know, to put 

776
00:40:35,950 --> 00:40:39,350
communism aside, just collective
collectivist ideologies in 

777
00:40:39,350 --> 00:40:44,430
general, like they have to build
a wall to keep you in, which is 

778
00:40:44,430 --> 00:40:46,630
the interesting part, right? 
It's just not people just 

779
00:40:46,630 --> 00:40:50,550
wanting to stay there. 
But that is that is so 

780
00:40:50,550 --> 00:40:55,230
fascinating And you know, we've 
heard so many Bitcoin stories, 

781
00:40:55,950 --> 00:40:58,830
but that that had to be one of 
my favorites that I've heard. 

782
00:40:59,710 --> 00:41:02,610
And it's interesting because. 
Everyone approaches it from a 

783
00:41:02,610 --> 00:41:06,970
different angle, right? 
Yeah, but all roads lead to the 

784
00:41:06,970 --> 00:41:09,050
same place, right? 
Yeah, the single pillar of 

785
00:41:09,050 --> 00:41:11,930
truth, which is Bitcoin. 
Because it's a whole bunch of 

786
00:41:11,930 --> 00:41:14,010
our society. 
This is why Bitcoin is 

787
00:41:14,010 --> 00:41:16,650
fascinating, but also really 
hard to understand for the 

788
00:41:16,650 --> 00:41:19,050
regular person. 
Because it's like, suddenly 

789
00:41:19,050 --> 00:41:20,810
you're diving into the history 
of money. 

790
00:41:21,210 --> 00:41:24,970
Into energy systems, which are 
like super complex, just how 

791
00:41:24,970 --> 00:41:27,890
society is structured and 
inflation and and there's just 

792
00:41:27,890 --> 00:41:29,770
so many interconnections that 
it's overwhelming. 

793
00:41:29,770 --> 00:41:31,810
People are like, no, I'm just 
going to watch the Kardashians 

794
00:41:31,810 --> 00:41:35,530
or something like that, right? 
And that's why all walks lead to

795
00:41:35,570 --> 00:41:38,050
Bitcoin, cuz whether you're a 
farmer who's now decided to 

796
00:41:38,050 --> 00:41:40,730
subsidize the operation through 
Bitcoin mining, right? 

797
00:41:40,770 --> 00:41:43,730
Or you're an energy company. 
Or you're working, you know, at 

798
00:41:43,730 --> 00:41:46,850
the central bank. 
There's different paths to 

799
00:41:46,890 --> 00:41:50,490
Bitcoin, so we will infiltrate 
every sector. 

800
00:41:51,490 --> 00:41:52,810
Let's go. 
I like it. 

801
00:41:52,930 --> 00:41:54,930
Let's go. 
Anyways, Mags. 

802
00:41:55,210 --> 00:41:57,770
I think this is a perfect 
example of what we'll be saying 

803
00:41:57,770 --> 00:42:00,090
about winning the hearts and 
minds of the masses out there 

804
00:42:00,090 --> 00:42:02,810
and telling personal stories so 
that people can also have 

805
00:42:02,810 --> 00:42:05,010
emotional connections to why we 
do what we do. 

806
00:42:05,010 --> 00:42:08,210
Because you know, if you're here
just for the price, you might 

807
00:42:08,210 --> 00:42:11,050
get flushed out when the price 
goes down, but when you have 

808
00:42:11,050 --> 00:42:14,520
these other reasons behind why 
you do what you do, it becomes 

809
00:42:14,520 --> 00:42:17,440
so much easier being a hoddler. 
Like I always say, once you know

810
00:42:17,440 --> 00:42:20,520
why you Hoddle, life becomes so 
much easier as a bitcoiner. 

811
00:42:20,520 --> 00:42:23,960
But you did, as Nico always say,
bury the lead there. 

812
00:42:23,960 --> 00:42:25,600
You said something really 
amazing. 

813
00:42:26,120 --> 00:42:27,840
Let's talk about what you are 
working on. 

814
00:42:27,840 --> 00:42:31,600
You turn tires into energy for 
Bitcoin miners. 

815
00:42:31,600 --> 00:42:36,320
Like talk about, you know, ESG 
friendly Bitcoin mining. 

816
00:42:37,980 --> 00:42:40,500
Comment that came up, I think 
from Elaine, she's like, you 

817
00:42:40,500 --> 00:42:44,300
know, but there's a difference 
between ESG and showing and and 

818
00:42:44,300 --> 00:42:47,980
actually doing doing good work. 
So, you know, around the world a

819
00:42:47,980 --> 00:42:50,220
billion tires gets thrown up 
every single year. 

820
00:42:50,220 --> 00:42:53,620
And in the US, about a tire per 
person, and that's just 

821
00:42:53,620 --> 00:42:56,860
landfilled. 
And you know, they leach toxins.

822
00:42:57,140 --> 00:42:58,900
Sorry, they leach into the 
water. 

823
00:42:59,280 --> 00:43:03,000
Ways toxins and they also emit 
volatile organic compounds of 

824
00:43:03,000 --> 00:43:07,800
into the air and so nothing is 
done and there's massive fields 

825
00:43:07,800 --> 00:43:11,880
of tires on fire in different 
places of the world like Kuwait 

826
00:43:11,960 --> 00:43:15,080
and so it's a problem that 
really doesn't have a solution. 

827
00:43:15,960 --> 00:43:17,440
A lot more landfills are 
binding. 

828
00:43:17,800 --> 00:43:20,960
Sorry, banning the the 
landfilling of tires. 

829
00:43:21,160 --> 00:43:24,720
They're stopping using tires for
children's playgrounds because 

830
00:43:24,960 --> 00:43:28,760
there might be some health 
negative health effects from 

831
00:43:28,760 --> 00:43:30,640
that. 
And some places are fanning. 

832
00:43:30,640 --> 00:43:32,360
So it's like, what do we do with
these tires? 

833
00:43:32,360 --> 00:43:36,680
Well, we mind them, right? 
We have these vertical reactors 

834
00:43:37,000 --> 00:43:41,640
that we put the tires in and we 
thermally deconstruct them. 

835
00:43:41,640 --> 00:43:44,360
It's not burning like we're not 
burning tires. 

836
00:43:44,560 --> 00:43:49,000
We're almost like a reverse 
refinery where we take the tire,

837
00:43:49,000 --> 00:43:52,160
heat it up, and there's multiple
products that come out of that. 

838
00:43:52,160 --> 00:43:55,280
So there's an oil that we put in
a diesel generator. 

839
00:43:55,710 --> 00:43:58,750
There's a synthetic gas kind of 
like methane that can be burned.

840
00:43:58,990 --> 00:44:01,830
There's this black carbon 
byproduct at the end that also 

841
00:44:01,830 --> 00:44:05,230
had BTU value that we sell. 
And lastly, there is steel. 

842
00:44:06,010 --> 00:44:09,730
That 25% of the tire is steel 
because you need that rigid 

843
00:44:09,730 --> 00:44:12,650
structure to make, to be 
maintained, right. 

844
00:44:12,930 --> 00:44:14,810
And so we can sell that for 
scrap. 

845
00:44:15,010 --> 00:44:19,290
And so we have 4 products that 
we can sell and we get paid for 

846
00:44:19,290 --> 00:44:23,290
the tire because typically 
tires, you know, if you, if you 

847
00:44:23,290 --> 00:44:25,410
throw something out in a 
landfill, there's tipping fees. 

848
00:44:25,530 --> 00:44:27,970
So it's a very different kind of
business model. 

849
00:44:28,470 --> 00:44:31,270
That also gives us optionality 
in a bear market because those 

850
00:44:31,270 --> 00:44:33,310
are the reactors there. 
In that picture, it gives us 

851
00:44:33,310 --> 00:44:36,910
absolute optionality because we 
can either sell the energy or we

852
00:44:36,910 --> 00:44:38,990
can mine Bitcoin. 
So you know, depending on where 

853
00:44:38,990 --> 00:44:40,990
you are in the cycle or where 
you are. 

854
00:44:40,990 --> 00:44:44,790
So if you're an island nation 
where energy is expensive and 

855
00:44:44,790 --> 00:44:47,510
waste landfilling is expensive, 
maybe it makes more sense just 

856
00:44:47,510 --> 00:44:51,310
to set up those reactors and and
use the energy. 

857
00:44:51,660 --> 00:44:54,620
Energy for the sake of energy, 
like think of Hawaii or Puerto 

858
00:44:54,620 --> 00:44:57,380
Rico, right. 
But in other places maybe makes 

859
00:44:57,380 --> 00:45:00,860
more sense to to mine Bitcoin. 
And so I love this because it's 

860
00:45:00,860 --> 00:45:04,820
another way where we found this 
different type of business model

861
00:45:04,820 --> 00:45:08,260
that is lowering the 
environmental footprint as a 

862
00:45:08,300 --> 00:45:11,060
byproduct. 
But it makes economic sense, you

863
00:45:11,060 --> 00:45:14,460
know, to mine Bitcoin or to get 
rid of this waste. 

864
00:45:14,460 --> 00:45:17,300
So that's what I'm excited about
because we're, you know. 

865
00:45:17,960 --> 00:45:21,240
A lot of Bitcoin companies are 
here to do good and I feel like 

866
00:45:21,240 --> 00:45:23,760
we do that. 
That is awesome. 

867
00:45:23,760 --> 00:45:25,600
That is. 
How did you come up with this 

868
00:45:25,640 --> 00:45:27,320
idea? 
This is so fascinating. 

869
00:45:27,800 --> 00:45:31,960
That was the former team, so I 
joined on because I spent so a 

870
00:45:31,960 --> 00:45:34,440
decade, was working with heavy 
industry, and one of the things 

871
00:45:34,440 --> 00:45:36,560
that we looked at was 
alternative fuels like using. 

872
00:45:37,030 --> 00:45:39,550
Things like waste to lower 
carbon. 

873
00:45:39,710 --> 00:45:43,430
So when you think of a tire 
there is some it's not like 

874
00:45:43,430 --> 00:45:46,470
carbon negative or carbon 
neutral like some other products

875
00:45:46,470 --> 00:45:49,790
but there is some biomass 
component because rubber comes 

876
00:45:49,790 --> 00:45:53,230
from natural plants. 
But so I joined because I have 

877
00:45:53,430 --> 00:45:55,990
prior knowledge of working with 
alternative fuels and also 

878
00:45:55,990 --> 00:46:00,890
Bitcoin and Bitcoin mining. 
It's not burning waste at high 

879
00:46:00,890 --> 00:46:03,130
temperature, we actually, so 
it's that we're not doing 

880
00:46:03,130 --> 00:46:09,370
paralysis where you do need high
temperatures to paralyze as in 

881
00:46:10,530 --> 00:46:16,490
so, so I'm also a firefighter. 
Volunteer fires, burning 

882
00:46:16,530 --> 00:46:20,170
buildings, car fires. 
We do auto X where we, you know,

883
00:46:20,210 --> 00:46:22,490
cut open the car and take the 
victim out. 

884
00:46:23,370 --> 00:46:26,370
So anyway, that is that so. 
Escape communism? 

885
00:46:26,370 --> 00:46:29,810
Burning tires for sats, 
Firefighter Mags. 

886
00:46:29,810 --> 00:46:32,010
What can't you not do? 
What's going on here? 

887
00:46:32,730 --> 00:46:35,130
So the reason why I bring up 
paralysis is like when you have 

888
00:46:35,130 --> 00:46:38,610
a fire, the the thing, let's say
this banana, sorry, it's the 

889
00:46:38,610 --> 00:46:41,010
only thing that you know could 
comply right now that I'm 

890
00:46:41,010 --> 00:46:43,330
looking at here. 
It's better. 

891
00:46:43,410 --> 00:46:47,610
It's a better example. 
So when you're burning, you know

892
00:46:48,370 --> 00:46:51,170
in a room, right? 
You're not this, this, this 

893
00:46:51,250 --> 00:46:52,890
actual solid thing is not 
burning. 

894
00:46:53,330 --> 00:46:58,610
When the room reaches a high 
enough heat, the item pyrolyzes.

895
00:46:59,100 --> 00:47:02,620
And it's just kind of like off 
gases and it's that gas form 

896
00:47:02,620 --> 00:47:05,100
that lights on fire. 
So when you think about like 

897
00:47:05,100 --> 00:47:08,060
flashover, all that stuff, we're
like, oh, big room explodes. 

898
00:47:08,060 --> 00:47:11,460
It's because the whole room has 
gone to a high enough heat where

899
00:47:11,460 --> 00:47:15,140
things have started to volatize 
and then everything just, you 

900
00:47:15,140 --> 00:47:18,540
know, lights up. 
And so we're not doing that 

901
00:47:18,540 --> 00:47:22,100
requires a lot of heat to get 
that product to. 

902
00:47:22,690 --> 00:47:24,930
Prior life. 
But what we do is a low 

903
00:47:24,930 --> 00:47:27,010
temperature. 
Like I said, it's more like a 

904
00:47:27,010 --> 00:47:29,610
refinery. 
So we kind of bake it and it, 

905
00:47:30,410 --> 00:47:33,050
you know, when when you put oil 
in a refinery, there's different

906
00:47:33,050 --> 00:47:35,370
things that get tapped off at 
different points. 

907
00:47:35,410 --> 00:47:38,090
And then at the end there's like
kind of crap left over, you 

908
00:47:38,170 --> 00:47:42,370
know, like sludge that becomes 
some coke or heavy oil. 

909
00:47:42,650 --> 00:47:46,130
But so it's a different process 
that uses a lot less energy and 

910
00:47:46,130 --> 00:47:50,290
you just need a little bit of 
natural gas to get it started to

911
00:47:50,290 --> 00:47:52,450
and then the rest, you know, it 
kind of burns a little. 

912
00:47:52,530 --> 00:47:55,370
Bit of the tire to keep that 
heat going. 

913
00:47:55,370 --> 00:47:57,850
So it is very different and much
more energy efficient. 

914
00:47:58,410 --> 00:48:01,130
That's awesome, amazing. 
So we got a question here in the

915
00:48:01,130 --> 00:48:03,330
chat. 
They're wondering, you said you 

916
00:48:03,330 --> 00:48:06,090
thermally deconstruct them. 
What chemicals are released into

917
00:48:06,090 --> 00:48:08,530
the air as a result? 
What's being used? 

918
00:48:08,530 --> 00:48:10,650
Yes, for the actual energy 
consumption. 

919
00:48:10,650 --> 00:48:14,070
So we're not. 
Emitting air because what we're 

920
00:48:14,070 --> 00:48:17,390
doing is it's it's like there's 
there's chemical process that 

921
00:48:17,390 --> 00:48:22,350
happens that it gets that tire 
gets converted into the oil into

922
00:48:22,350 --> 00:48:25,390
the synthetic gas that so we 
capture all the byproducts. 

923
00:48:25,590 --> 00:48:28,670
Again very different from 
burning where you know you burn 

924
00:48:28,670 --> 00:48:31,430
carbon and then you release CO2,
right. 

925
00:48:31,470 --> 00:48:34,950
It's in anaerobic conditions and
so and then there's the steel 2 

926
00:48:34,950 --> 00:48:37,470
left over that we, you know that
can be recycled. 

927
00:48:37,470 --> 00:48:40,150
So it is a different chemical 
process. 

928
00:48:40,600 --> 00:48:42,960
And we've done life cycle 
analysis and accounting of all 

929
00:48:42,960 --> 00:48:46,720
the chemistry of how how this 
converts to that. 

930
00:48:46,720 --> 00:48:50,800
So there are like what gets 
very, what do you call it like 

931
00:48:50,800 --> 00:48:53,400
into the chemistry. 
But it's not the, like I said, 

932
00:48:53,400 --> 00:48:57,160
it's not burning where it's 
being emitted into the air 

933
00:48:57,440 --> 00:48:59,880
because we're not burning, we're
converting. 

934
00:49:00,680 --> 00:49:02,630
Yeah, amazing. 
Amazing. 

935
00:49:02,630 --> 00:49:04,430
Okay. 
One last question before we get 

936
00:49:04,430 --> 00:49:06,270
to the meme review and I feel 
like. 

937
00:49:06,510 --> 00:49:09,950
One thing, sorry, has Microsoft 
seed plates in a burnt down 

938
00:49:09,950 --> 00:49:11,550
house? 
No. 

939
00:49:11,550 --> 00:49:15,150
But I will say one thing cuz 
even there was an ad for metal, 

940
00:49:15,150 --> 00:49:20,990
so as a firefighter, so most of 
the houses these days are 

941
00:49:20,990 --> 00:49:24,030
constructed in a very fat way. 
You're not using natural 

942
00:49:24,030 --> 00:49:25,990
materials, you're using plastics
and. 

943
00:49:26,760 --> 00:49:28,440
Things made from the petroleum 
industry. 

944
00:49:28,680 --> 00:49:32,640
Shit burns like it burns really 
quick like before it used to. 

945
00:49:32,680 --> 00:49:35,280
If you use natural products you 
could go 40 minutes before the 

946
00:49:35,280 --> 00:49:38,680
house fully burned like let's 
say prior to when they started 

947
00:49:38,680 --> 00:49:40,440
making all these cheap cheap 
goods. 

948
00:49:40,640 --> 00:49:44,200
Now within 10 minutes a house 
can be like fully lit up. 

949
00:49:44,360 --> 00:49:47,360
Go to go to YouTube, like look 
at there's some, there's like 

950
00:49:47,360 --> 00:49:49,520
videos where people are 
recording like small fighter and

951
00:49:49,520 --> 00:49:51,360
then did the whole house burns 
down. 

952
00:49:51,640 --> 00:49:54,440
Things like trailers are like 5 
minutes and so. 

953
00:49:55,820 --> 00:50:00,100
You know, a if the fire doesn't 
get your seed, if it's on paper,

954
00:50:00,300 --> 00:50:04,700
the water will, because we 
dumped so much water on the 

955
00:50:04,700 --> 00:50:08,300
House, on the houses next door 
to protect the exteriors. 

956
00:50:08,500 --> 00:50:11,060
So if the fire doesn't get your 
house, the water will. 

957
00:50:11,060 --> 00:50:13,460
So yeah, just make sure that 
you're protecting your seed. 

958
00:50:14,740 --> 00:50:18,740
Have backups. 
Stamp your seeds on titanium. 

959
00:50:18,940 --> 00:50:22,700
Honestly, just or anything. 
Yeah, anything other than paper.

960
00:50:22,700 --> 00:50:25,620
Do not have your seed phrase in 
paper, in your laundry. 

961
00:50:25,620 --> 00:50:27,500
Dirty laundry. 
Papers a bad idea. 

962
00:50:27,500 --> 00:50:30,660
Papers a bad idea. 
But anyways, Mags, just you 

963
00:50:30,660 --> 00:50:33,300
know, if there's someone out 
there that is still on the fence

964
00:50:33,300 --> 00:50:36,420
about Bitcoin mining being 
environmentally friendly, what 

965
00:50:36,420 --> 00:50:38,940
would you say to someone that 
has these concerns? 

966
00:50:39,300 --> 00:50:43,320
I just, you know, it's. 
Sometimes I'm I'm like, you 

967
00:50:43,320 --> 00:50:50,560
know, Satoshi quote if I don't 
have, sorry I don't have the 

968
00:50:50,640 --> 00:50:52,680
exactly. 
So I think it's one of those 

969
00:50:52,680 --> 00:50:56,360
things where you'll catch up 
because every day there's new 

970
00:50:56,360 --> 00:51:01,800
stories of a different industry 
using Bitcoin mining to help you

971
00:51:01,800 --> 00:51:03,560
know. 
So we've got farmers that are 

972
00:51:03,560 --> 00:51:06,920
reducing carbon methane from 
from their farm. 

973
00:51:07,590 --> 00:51:11,230
Operation, we have district 
heating systems and both Europe 

974
00:51:11,270 --> 00:51:13,670
and Canada being set up from 
Bitcoin mining. 

975
00:51:14,110 --> 00:51:18,630
So and also like bath houses in 
in in the US, right, we're 

976
00:51:18,710 --> 00:51:22,430
supporting the grid. 
Like there's so many cases that 

977
00:51:22,430 --> 00:51:25,710
if you actually take the time to
look into it, you'd realize that

978
00:51:25,710 --> 00:51:28,510
it's happening. 
You know, but I think they kind 

979
00:51:28,510 --> 00:51:30,470
of have that bag over the head 
or they have some other 

980
00:51:30,470 --> 00:51:32,390
misconception that's that's 
stronger. 

981
00:51:32,590 --> 00:51:35,350
But these stories are now 
starting to be told, right. 

982
00:51:35,350 --> 00:51:38,190
You have burned the National 
Park where Bitcoin mining is 

983
00:51:38,190 --> 00:51:41,390
helping save gorillas but also 
power renewable, you know, set 

984
00:51:41,390 --> 00:51:45,030
up microgrids that are renewably
funded like this is happening. 

985
00:51:45,030 --> 00:51:48,550
You know, El Salvador is setting
up geothermal through Bitcoin 

986
00:51:48,550 --> 00:51:51,710
mining through the volcano bond.
So over time I think those 

987
00:51:51,710 --> 00:51:54,110
stories will become completely 
impossible to ignore. 

988
00:51:54,110 --> 00:51:58,460
They'll be all over MSN and. 
So, so just like, give it some 

989
00:51:58,460 --> 00:52:00,660
time. 
Like, I'm at the point where, 

990
00:52:00,660 --> 00:52:03,060
like, you're going to get 
convinced because you're just 

991
00:52:03,060 --> 00:52:05,500
going to get hit from every 
section by these stories. 

992
00:52:06,340 --> 00:52:07,740
Yeah, you can't. 
You can't. 

993
00:52:07,740 --> 00:52:10,900
You can't There you can't. 
There's no amount of spin, 

994
00:52:10,900 --> 00:52:15,740
misrepresentation and BS they'll
be able to throw at this for it 

995
00:52:15,740 --> 00:52:19,220
to like hide what is going on. 
I I completely agree with that 

996
00:52:19,220 --> 00:52:20,900
statement. 
I think that's going to happen. 

997
00:52:20,900 --> 00:52:23,660
This next having like, I think 
sailors going to be vindicated, 

998
00:52:23,780 --> 00:52:25,300
Bucala is going to be 
vindicated. 

999
00:52:25,790 --> 00:52:26,870
And then I don't know what 
they're gonna do. 

1000
00:52:26,870 --> 00:52:30,030
Like it's gonna be undeniable at
that point that that just 

1001
00:52:30,030 --> 00:52:31,790
Bitcoin is just it's just 
awesome. 

1002
00:52:31,790 --> 00:52:34,270
Anyways, it's. 
Funny, in fact, like, maybe not,

1003
00:52:34,270 --> 00:52:35,630
because then again, they're Flat
Earth. 

1004
00:52:35,630 --> 00:52:38,710
They're still so. 
They're always, they'll always 

1005
00:52:38,790 --> 00:52:40,870
be the people that like, they're
in the chat. 

1006
00:52:40,870 --> 00:52:44,790
They're in the chat right now 
but but So it's safe to say 

1007
00:52:44,790 --> 00:52:46,950
Mags, that you're not a fan of 
green peasing. 

1008
00:52:46,950 --> 00:52:48,920
Change the code. 
I don't know, man. 

1009
00:52:48,920 --> 00:52:51,840
They've done a really nice bit 
of advertising for us. 

1010
00:52:53,760 --> 00:52:55,520
So, indirect fan. 
All right, guys. 

1011
00:52:55,520 --> 00:52:57,600
Indirect. 
Fan but yeah like change the 

1012
00:52:57,600 --> 00:53:01,640
code is totally. 
Before we move on to the meals, 

1013
00:53:02,000 --> 00:53:06,000
which is what you guys have all 
been waiting for, make sure to 

1014
00:53:06,000 --> 00:53:09,080
subscribe to us on alternative 
YouTube alternative video 

1015
00:53:09,080 --> 00:53:12,560
platforms, because YouTube is is
a little little hairy these 

1016
00:53:12,560 --> 00:53:14,120
days. 
You could subscribe to us on 

1017
00:53:14,120 --> 00:53:15,720
Rumble. 
You could subscribe to it. 

1018
00:53:15,720 --> 00:53:17,160
You could follow us on Twitter, 
You could. 

1019
00:53:17,160 --> 00:53:18,280
That's where you could find us 
our. 

1020
00:53:18,440 --> 00:53:21,240
Video content, of course. 
Your favorite podcasting 

1021
00:53:21,240 --> 00:53:24,640
platform for whatever reason cuz
I don't know what's going on 

1022
00:53:24,640 --> 00:53:28,080
with YouTube these days. 
And also guys help us keep our 

1023
00:53:28,080 --> 00:53:32,520
streak of breaking 100 likes 
within the first hour of the 

1024
00:53:32,520 --> 00:53:35,040
live stream. 
We're currently at 87 like. 

1025
00:53:35,040 --> 00:53:37,120
So if you're enjoying the 
stream, make sure to smash that 

1026
00:53:37,120 --> 00:53:39,040
like button. 
Smash it, smash it, smash the 

1027
00:53:39,040 --> 00:53:41,160
like button. 
All right everybody, let's get 

1028
00:53:41,240 --> 00:53:43,600
to the memes. 
We got a lot of memes to review 

1029
00:53:43,600 --> 00:53:44,760
with Max. 
Let's check it out. 

1030
00:53:44,760 --> 00:53:46,320
It's. 
A serious business. 

1031
00:53:48,150 --> 00:53:52,230
The Daily Meme Review. 
Brought to you by Kaboom Racks. 

1032
00:53:52,230 --> 00:53:53,710
I get this question all the 
time. 

1033
00:53:53,710 --> 00:53:55,990
Nico, where should I buy Bitcoin
miners? 

1034
00:53:55,990 --> 00:53:59,110
The answer is Kaboom Racks. 
It's the best place to buy 

1035
00:53:59,110 --> 00:54:00,790
Bitcoin miners. 
That's where you're going to 

1036
00:54:00,790 --> 00:54:02,990
find the best deals and the best
prices. 

1037
00:54:03,110 --> 00:54:06,670
Start your mining utopia today. 
To check out their racks, you 

1038
00:54:06,670 --> 00:54:09,670
got to go to T dot me slash 
kaboom racks. 

1039
00:54:09,670 --> 00:54:13,270
Join their Telegram group and 
start your mining journey today.

1040
00:54:13,270 --> 00:54:17,890
Kaboom Racks. 
Oh my God. 

1041
00:54:18,490 --> 00:54:22,130
Wow, look at that guy. 
I got the physical Yellow. 

1042
00:54:23,210 --> 00:54:25,090
No, I got him. 
No, I got him. 

1043
00:54:26,250 --> 00:54:27,370
All right, guys, you already 
know the deal. 

1044
00:54:27,370 --> 00:54:29,650
This is the meme review where 
you send us memes. 

1045
00:54:29,970 --> 00:54:31,450
We reviewed them live on the 
show. 

1046
00:54:31,610 --> 00:54:34,650
Forgive my green screen, but my 
computer's about to die, so we 

1047
00:54:34,650 --> 00:54:36,770
have to switch to my FaceTime 
camera right now. 

1048
00:54:36,970 --> 00:54:40,410
Anyways, tweets of the bullets. 
Memes are the artillery. 

1049
00:54:40,410 --> 00:54:44,370
We are in an information 
warrant, as Mags so eloquently 

1050
00:54:44,370 --> 00:54:48,080
explained to us, even when you 
show people what's going on, 

1051
00:54:48,080 --> 00:54:49,840
they're still going to be 
convinced otherwise. 

1052
00:54:49,840 --> 00:54:53,040
So continue to ridicule the 
corporate press, continue to 

1053
00:54:53,040 --> 00:54:56,000
make the funnies to make your 
friends laugh, and continue to 

1054
00:54:56,000 --> 00:54:58,240
get the calls of action out 
there and spread the Bitcoin 

1055
00:54:58,240 --> 00:55:00,520
signal. 
Because that is the only thing 

1056
00:55:00,520 --> 00:55:02,840
that matters, is that more 
people start holding Bitcoin. 

1057
00:55:02,840 --> 00:55:06,680
More people understand why they 
should be bitcoining and spread 

1058
00:55:06,680 --> 00:55:08,080
the memes. 
Publicate the memes guys. 

1059
00:55:08,080 --> 00:55:10,960
Anyways, 1st meme shouts out to 
my boy Joe Rogers. 

1060
00:55:10,960 --> 00:55:14,760
He goes at or he's at under 
score Joe Rogers on Twitter and 

1061
00:55:14,760 --> 00:55:19,000
he goes Fresh Market enjoyers. 
And we talked about this the 

1062
00:55:19,000 --> 00:55:22,240
other day, I think it was 
yesterday about Whole Foods how 

1063
00:55:22,240 --> 00:55:26,320
they're trying to implement the 
palm readers on their in their 

1064
00:55:26,320 --> 00:55:28,400
payment mechanisms. 
You know it's just so much more 

1065
00:55:28,400 --> 00:55:30,120
convenient. 
So much better guys. 

1066
00:55:30,120 --> 00:55:32,640
Like look how crazy it is. 
You can scan my palm and I can 

1067
00:55:32,720 --> 00:55:37,150
pay for things. 
Well, yeah, he he, he's doubled 

1068
00:55:37,150 --> 00:55:39,390
down on this. 
And there's the picture of the 

1069
00:55:39,390 --> 00:55:41,830
girl who just scanned her palm 
and she's like this. 

1070
00:55:41,830 --> 00:55:44,670
So cool. 
And he put the MPC QR code on 

1071
00:55:44,670 --> 00:55:47,630
the head and the QR scanner is 
the World Economic Forum. 

1072
00:55:47,630 --> 00:55:50,630
Do not fall for this, guys. 
It is Bitcoinered. 

1073
00:55:50,630 --> 00:55:52,270
It's a slavery. 
We say this all the time. 

1074
00:55:52,430 --> 00:55:55,070
OK, The next meme is by Maxie's 
Club and it goes 481. 

1075
00:55:55,070 --> 00:55:57,430
Take a good seat. 
And this is a play on the 

1076
00:55:57,430 --> 00:56:03,150
classic school bus meme, where 
the left side is a Fiat enjoyer 

1077
00:56:03,150 --> 00:56:04,990
and they're sad and they're 
broken. 

1078
00:56:05,110 --> 00:56:08,550
Well, we have an angry person 
here saving in Fiat, literally 

1079
00:56:08,550 --> 00:56:12,190
looking at a wall because that 
is what their future will be. 

1080
00:56:12,230 --> 00:56:14,910
A cage where you look at the 
back of The Cave and we have the

1081
00:56:14,910 --> 00:56:16,950
saving and Bitcoin. 
We got you guys out there, the 

1082
00:56:16,950 --> 00:56:19,910
bitcoiners, that just look at 
the prosperous bright orange 

1083
00:56:19,910 --> 00:56:21,590
future. 
And you're so hopeful and 

1084
00:56:21,590 --> 00:56:23,630
optimistic about where the 
future is going because you 

1085
00:56:23,630 --> 00:56:26,430
know, Bitcoin fixes this and 
it's Bitcoin or slavery. 

1086
00:56:26,430 --> 00:56:29,430
And we choose Bitcoin. 
OK, this next meme is by the BTC

1087
00:56:29,430 --> 00:56:30,230
Therapist. 
And it goes. 

1088
00:56:30,270 --> 00:56:32,710
It's going up. 
Wait, it's going up forever. 

1089
00:56:33,430 --> 00:56:35,070
I got. 
It it's going up forever. 

1090
00:56:35,270 --> 00:56:38,470
Anyways we got the classic I I 
think this is Star Trek we got 

1091
00:56:38,470 --> 00:56:40,670
the Star Trek big brain guys and
it goes. 

1092
00:56:40,950 --> 00:56:44,830
Me when Bitcoin is $1 million 
and I was right the whole time 

1093
00:56:44,990 --> 00:56:47,230
and we look at them just big 
brain energy. 

1094
00:56:47,230 --> 00:56:50,190
Just like I've been telling you 
that this is the way and you 

1095
00:56:50,190 --> 00:56:53,910
need to stack sets. 
OK this next one is safe, Dean. 

1096
00:56:54,270 --> 00:56:57,230
And even though this one might 
be a little meta for you guys, 

1097
00:56:57,630 --> 00:57:02,390
the the crux of this meme here 
is what safety says in in the 

1098
00:57:02,390 --> 00:57:03,030
tweet. 
Here goes. 

1099
00:57:03,190 --> 00:57:06,310
I considered writing an article 
on why bricks delusions about a 

1100
00:57:06,310 --> 00:57:10,190
new global reserve currency are 
unworkable, but I think I'm now 

1101
00:57:10,190 --> 00:57:13,350
only capable of communicating 
ideas via memes or base. 

1102
00:57:13,350 --> 00:57:17,990
So this, this is all of us. 
We can only communicate in memes

1103
00:57:17,990 --> 00:57:21,710
after a certain point. 
Exactly. 

1104
00:57:21,790 --> 00:57:25,150
He's using the Drake hotline 
Bling, you know, no Yes 

1105
00:57:25,190 --> 00:57:27,550
template. 
And he's got Drake going. 

1106
00:57:27,630 --> 00:57:30,950
No, read some Austrian economics
and it's the BRICS nations. 

1107
00:57:31,270 --> 00:57:35,350
Or yes, decades of catastrophic 
monetary experiments trying to 

1108
00:57:35,350 --> 00:57:39,070
scam each other before realizing
the only workable international 

1109
00:57:39,070 --> 00:57:43,030
neutral currency is Bitcoin. 
Dude, even. 

1110
00:57:43,030 --> 00:57:46,030
Even some of the the best 
Austrian economists that right. 

1111
00:57:46,030 --> 00:57:48,680
Big long books. 
Just can get the message across 

1112
00:57:48,680 --> 00:57:50,040
in memes. 
This is the power of the memes 

1113
00:57:50,040 --> 00:57:52,760
guys. 
OK, the next meme is by the Meme

1114
00:57:52,760 --> 00:57:55,560
Factory TM. 
And do you guys remember growing

1115
00:57:55,560 --> 00:57:57,720
up and reading the Snapple 
facts? 

1116
00:57:57,960 --> 00:58:02,000
Well look, we have real fact 
#120 shit coins exist to take 

1117
00:58:02,000 --> 00:58:04,000
your Bitcoin. 
This is a real fact because it's

1118
00:58:04,000 --> 00:58:08,120
on a Snapple cap guys. 
OK anyways, this next meme is by

1119
00:58:08,120 --> 00:58:11,800
Bitcoin Sapiens, but it's a 
quote by Max Kaiser and it's an 

1120
00:58:12,040 --> 00:58:14,560
AI generated warrior with a 
Bitcoin shield. 

1121
00:58:14,560 --> 00:58:17,280
And it goes. 
Bitcoin attracts quiet warriors 

1122
00:58:17,280 --> 00:58:20,200
and the versus defenders of the 
greatest ideals. 

1123
00:58:20,360 --> 00:58:22,280
Max Kaiser Love to hear it. 
Love to see it. 

1124
00:58:22,280 --> 00:58:24,840
This is the way guys. 
And the last one is by our 

1125
00:58:24,840 --> 00:58:26,120
friend Rd. 
BTC. 

1126
00:58:26,120 --> 00:58:28,280
Actually, this is mean factory 
heavy today I didn't even 

1127
00:58:28,280 --> 00:58:32,200
realize you guys. 
You thought that was your money 

1128
00:58:32,200 --> 00:58:36,000
#banks #bankers #Bitcoin. 
It goes, we got an MPC Here 

1129
00:58:36,000 --> 00:58:37,800
goes. 
I'd like to use my money to buy 

1130
00:58:37,800 --> 00:58:40,760
Bitcoin. 
And we got the MPC banker and he

1131
00:58:40,760 --> 00:58:43,880
goes, you mean our money? 
It's not your money if you give 

1132
00:58:43,880 --> 00:58:46,120
it to a bank. 
This is why we Bitcoin. 

1133
00:58:46,120 --> 00:58:49,400
This is why we save in Bitcoin. 
Anyways, my mean review score 

1134
00:58:49,400 --> 00:58:53,680
Nico is the same thing. 
My little yellow plushy. 

1135
00:58:53,840 --> 00:58:59,010
Hey, but look, my look world of 
Rusty's in the chat and. 

1136
00:58:59,130 --> 00:59:01,170
I feel left out. 
This is my plush. 

1137
00:59:03,170 --> 00:59:06,010
OK oh, you can get yours at 
World of Rusty dot com, you 

1138
00:59:06,010 --> 00:59:08,210
know. 
Yeah you know it's kind of fake 

1139
00:59:08,210 --> 00:59:10,690
news that yellow is yellow 
because look at him he's getting

1140
00:59:10,690 --> 00:59:13,530
green screen. 
So I think this is the the 

1141
00:59:13,530 --> 00:59:17,250
quintessential dilemma is a 
tennis ball yellow or green is 

1142
00:59:17,250 --> 00:59:22,090
now has been formed into is 
yellow actually yellow or is he 

1143
00:59:22,090 --> 00:59:24,130
green? 
I don't know because the green 

1144
00:59:24,130 --> 00:59:27,440
screens getting them. 
Anyways, Nico before Well, 

1145
00:59:27,520 --> 00:59:29,040
actually Mags. 
What's your score? 

1146
00:59:29,400 --> 00:59:31,200
Was that your score? 
The little hoddler. 

1147
00:59:31,640 --> 00:59:33,640
For all of them, or for a 
specific one? 

1148
00:59:34,280 --> 00:59:36,080
For all of them or specific one,
whatever. 

1149
00:59:36,080 --> 00:59:40,080
You want, Yes. 
The hoddler is my beautiful. 

1150
00:59:40,080 --> 00:59:47,080
Plushy, plushy, magsy meme. 
And I am a fan of the coming out

1151
00:59:47,080 --> 00:59:51,110
of the light. 
Yes, coming out of the you know,

1152
00:59:51,150 --> 00:59:52,350
the dark cave. 
What is it? 

1153
00:59:52,350 --> 00:59:54,390
Plato's cave? 
Coming to Bitcoin. 

1154
00:59:54,710 --> 00:59:58,270
But I also have a banana, OK. 
That's a. 

1155
00:59:58,830 --> 01:00:03,270
Good one. 
The 2nd place one crap. 

1156
01:00:03,270 --> 01:00:05,470
I can't remember what was the IT
was either the last or the 

1157
01:00:05,470 --> 01:00:07,710
second last one. 
Show them quickly again. 

1158
01:00:08,550 --> 01:00:09,630
Yeah, I got you. 
Yeah, yeah. 

1159
01:00:09,630 --> 01:00:13,750
Show me them. 
Here we go. 

1160
01:00:14,150 --> 01:00:16,230
Yes, yes. 
The money. 

1161
01:00:16,350 --> 01:00:21,100
Our money. 
This one If you what radicalized

1162
01:00:21,140 --> 01:00:23,540
you the banking system? 
Like, seriously. 

1163
01:00:27,420 --> 01:00:28,820
I love that. 
Awesome. 

1164
01:00:31,180 --> 01:00:33,980
All right, okay guys. 
All right, we actually, Nico, we

1165
01:00:33,980 --> 01:00:38,840
got a fresh meme score in here 
guys, and we're gonna start with

1166
01:00:38,840 --> 01:00:41,280
this one first and foremost 
while the other ones come in 

1167
01:00:41,280 --> 01:00:43,440
here. 
And also world of Rusty Nico's 

1168
01:00:43,440 --> 01:00:47,640
green screen is not broken 
because I tried to verify this 

1169
01:00:47,640 --> 01:00:51,240
this morning and my green screen
also makes yellow go half 

1170
01:00:51,240 --> 01:00:54,360
invisible. 
So hey, you know, even the 

1171
01:00:54,360 --> 01:00:57,480
technology is saying that yellow
is green, So I don't know, I 

1172
01:00:57,480 --> 01:01:00,140
don't know. 
Anyways, Nika, check out this 

1173
01:01:00,140 --> 01:01:01,180
first thing. 
Rusty sent it. 

1174
01:01:01,220 --> 01:01:05,620
To me in the DM guys, exclusive 
for you guys promo code simply 

1175
01:01:05,620 --> 01:01:10,740
for 15% off yellow plushy, it 
will only work five times. 

1176
01:01:11,300 --> 01:01:15,020
You got to go to 
worldofrusty.com and I love 

1177
01:01:15,020 --> 01:01:16,180
that. 
I love that Rusty is getting 

1178
01:01:16,180 --> 01:01:18,660
some some free advertisement. 
Love it. 

1179
01:01:18,700 --> 01:01:19,980
Very, very clever. 
Rusty. 

1180
01:01:19,980 --> 01:01:23,860
Very clever. 
Again, promo code simply for 15%

1181
01:01:23,860 --> 01:01:26,740
off yellow plushy. 
It will only work five times. 

1182
01:01:26,740 --> 01:01:27,820
All right. 
Next one. 

1183
01:01:29,910 --> 01:01:33,150
My Apollo 21. 
I give the memes, my memes. 

1184
01:01:33,430 --> 01:01:35,350
My Scherner. 
Heiser. 

1185
01:01:35,350 --> 01:01:38,270
Shotgun. 
Mic sign Heiser. 

1186
01:01:38,270 --> 01:01:40,430
You know what, Opti? 
No, you got to read the 

1187
01:01:40,430 --> 01:01:42,630
complicated words from now on. 
Kaboom. 

1188
01:01:42,670 --> 01:01:47,550
Maxi UTXO. 
My meme score is Go on. 

1189
01:01:47,630 --> 01:01:52,310
What is that goes? 
Serial Colors, Elaine. 

1190
01:01:53,190 --> 01:01:56,590
Meme score Greta Greta discovers
truth about ESG, becomes a 

1191
01:01:56,590 --> 01:01:58,750
bitcoiner, loses the braid, 
Spreads the message. 

1192
01:02:00,950 --> 01:02:03,110
Autocoin. 
I give the meme 0% reserve 

1193
01:02:03,110 --> 01:02:05,470
requirement for banks as of 
March 2020. 

1194
01:02:05,470 --> 01:02:08,030
You are the yield. 
Opt out by Bitcoin all right. 

1195
01:02:08,950 --> 01:02:12,590
ES gives it everyone trying to 
remove their chips After 

1196
01:02:12,590 --> 01:02:17,790
learning about Bitcoin, Elaine 
99 likes do it Bitcoiner All 

1197
01:02:17,790 --> 01:02:20,510
right. 
Next one is by Opti. 

1198
01:02:21,270 --> 01:02:24,310
Opti fields Yum. 
I like the taste of spicy 

1199
01:02:24,390 --> 01:02:28,750
people. 
What's Eliminate via child labor

1200
01:02:28,750 --> 01:02:32,270
laws to send them to work at 
tire burning factory to stack 

1201
01:02:32,270 --> 01:02:34,550
Fort sacks. 
That is terrible. 

1202
01:02:35,950 --> 01:02:38,590
So that is Nylas Fields. 
He's a troll. 

1203
01:02:38,630 --> 01:02:41,950
All right, next one. 
My planet Earth scoring the 

1204
01:02:41,950 --> 01:02:44,830
memes, a bright orange feature 
for all of us, forever. 

1205
01:02:45,320 --> 01:02:49,600
And meme scored Norwell Tacos, 
my yellow plushy knockoff I 

1206
01:02:49,600 --> 01:02:52,160
bought on the street in Bangkok.
The eyes stare straight at 

1207
01:02:53,360 --> 01:02:54,840
Awesome. 
Guys, thank you so much for 

1208
01:02:54,840 --> 01:02:56,280
tuning in to simply Bitcoin 
Live. 

1209
01:02:56,280 --> 01:02:58,560
We really, really appreciate it.
I want to give a very special 

1210
01:02:58,560 --> 01:03:01,920
shout out to one of my new 
favorite bitcoiners. 

1211
01:03:01,920 --> 01:03:04,040
I'm a super fan. 
She's a firefighter, 

1212
01:03:04,040 --> 01:03:05,960
entrepreneur, all this crazy 
stuff. 

1213
01:03:05,960 --> 01:03:07,880
Mags, thank you so much for 
coming on the show today. 

1214
01:03:08,160 --> 01:03:08,880
Awesome. 
Coming on. 

1215
01:03:08,880 --> 01:03:10,720
Thanks. 
Really, really appreciate it. 

1216
01:03:10,720 --> 01:03:12,480
Why don't you tell everybody 
where they could find you on the

1217
01:03:12,480 --> 01:03:15,340
interwebs? 
Yes, on the interwebs I am both 

1218
01:03:15,340 --> 01:03:18,620
on Noster, but it's a lot easier
to find me on Noster from 

1219
01:03:18,620 --> 01:03:22,020
Twitter where I'm crypto under 
score mex. 

1220
01:03:22,260 --> 01:03:23,820
Awesome. 
Thank you so much Mags for 

1221
01:03:23,820 --> 01:03:25,220
joining us on Simply Bitcoin 
Live. 

1222
01:03:25,220 --> 01:03:27,580
We really appreciate it guys. 
If you enjoyed the show, you 

1223
01:03:27,580 --> 01:03:29,140
know to do smash that like 
button. 

1224
01:03:29,140 --> 01:03:32,980
I want to give you the results 
of the poll that we launched 

1225
01:03:32,980 --> 01:03:36,460
about 53 minutes ago. 
I asked is Bitcoin Black? 

1226
01:03:36,460 --> 01:03:39,180
Is the BlackRock ETF good or bad
for Bitcoin? 

1227
01:03:39,540 --> 01:03:46,660
136 votes 50% of you said good. 
12% of you said bad and 38% of 

1228
01:03:46,660 --> 01:03:49,500
you said too soon to tell. 
Anyways guys, if you enjoyed the

1229
01:03:49,500 --> 01:03:52,340
show, smash the like button. 
Consider subscribing If you want

1230
01:03:52,340 --> 01:03:55,980
to join the after party, Opti is
going to be holding it down on 

1231
01:03:55,980 --> 01:03:58,300
Twitter Spaces with their 
friends over at Swan Bitcoin. 

1232
01:03:58,300 --> 01:03:59,980
Best place to build your Bitcoin
stack? 

1233
01:03:59,980 --> 01:04:02,580
Shout out to the best producer 
in the game, Producer Jacob. 

1234
01:04:03,140 --> 01:04:05,020
Until tomorrow. 
Peace out guys. 

1235
01:04:05,020 --> 01:04:06,380
Love you all. 
Have a good one.