It's. All going to zero against
Bitcoin. It's going up forever.
You're. Against Bitcoin, you're against
freedom. Yeah.
Welcome to another episode of Simply Bitcoin Live, your number
one source for the peaceful Bitcoin revolution of breaking
news culture. Matic Warfare will be your guide
through the separation of money and state.
Very interesting. The Overton window continues to
shift. Very popular content creators
that are not within the Bitcoin echo chamber continue to talk
about Bitcoin. It seems like Tim Poole, one of
the most popular broadcasters or podcasters on the face of the
planet. He's literally saying like I'm
happy I bought Bitcoin right? And this is something that Max
Keiser shout out to him to give him credit started like a decade
ago. You know he tried to give 10
those, you know supposedly those 10,000 Bitcoin to Alex Jones
right. He was trying to orange pill tin
pull from the very beginning but you know number go up does
something very interesting and I've noticed this after a while.
It's going to be my 8th year in Bitcoin.
And what I've noticed is you tell people, you know, four or
five years ago, right, And they don't really listen the first
time, but then they start to listen when the number goes up
because you planted that seed. And then they remember, like,
holy crap, Nico told me five years ago, this thing is going
up and then they convert, right? So number go up, does its thing,
right? You, you just got to plant the
seeds, really. So this very interesting.
We're going to talk about that today.
We have all the data and then of course Gary Gensler getting
grilled by the legacy media. So a government official, right.
This is like this is crazy. Bitcoins incentives are are
winning it's it's so funny when you have BlackRock on your side,
the conversation changes but you know you you, you literally saw
Gary Gensler getting grilled on the legacy media and usually
you'd never see this. Usually the legacy media is very
friendly towards, you know, the government narrative or or
government talking points. So I found that very
interesting. So we're gonna get into all this
today. It's gonna be a great
conversation. We also have a very special
guest joining us as well. We have McShane.
Thank you so much for joining us, man.
Appreciate you coming back on the show.
Great to be here, man. I'm excited.
Love what you guys do. It's been a minute and of course
my legendary he's smiling today, so it's gonna be an incredible.
Show Dude, I smile every morning, bro.
You just catch me at the wrong. Time.
No, no. Sometimes you just got like
straight face. And when it's a straight face,
it's just it's. Gonna be a bad day.
It's gonna be a good day. It's a.
Bad omen. It's a bad omen.
Anyways, we're gonna talk about during the culture, homie.
Yeah, so McShane of course Head of programming at the Bitcoin
conference. So we'll touch on that a little
bit, but we kind of teed up a pretty cool conversation for
Bitcoiners out there. You know we are in price
discovery mode. We're trying to get the new
Bitcoiners on board, get their mine rights going into this bull
run. So we're going to kind of touch
on that and then move into what we can look forward to at
Bitcoin conference, you know Bitcoin Asia, Bitcoin Nashville.
So I think we got a solid show, but we will kind of touch on the
ideas of like what new bitcoiners should do.
Because I this is basically why I do the show as well is because
I made every single mistake when I got into Bitcoin and I just
somehow survived it. And this is the point of the
show, is to make sure that people minimize the mistake.
So I think Mcshane's gonna drop some sauce for us today.
I'm I'm super excited for this one.
Yeah, 100%. All right, ladies and gentlemen,
no more delay. Let's jump straight into it.
We have a lot to talk about. Let's check it out.
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At the time of recording the Bitcoin price is 52,170 stats
per dollar under 2000. SATS is 1917 block height
830,605 blocks to having 9395 having estimate April 19, 2024
Total Lightning network capacity 4789 Bitcoin capacity value
249,000,000 U.S. dollars. Realize monetary inflation
1.75%. The market capitalization of
Bitcoin $1.02 trillion Bitcoin versus gold market cap 7.43%.
In the grand scheme of things Bitcoin is just getting started.
Quick ETF update. I have AI have a feeling that
the change in tune from the legacy financial media probably
has to do with the fact that BlackRock currently holds
109,000 Bitcoin. The Fidelity ETF is holding
82,000 Bitcoin. And just to kind of give you
guys a reference point, took Michael Saylor really four
years, 3 1/2 years to stack 190,000 Bitcoin BlackRock in a
matter of months, like in a matter of month of a month and
1/2 they stacked 109,000 Bitcoin.
We were, we were telling you guys yesterday about the
incoming supply shock. They're buying more Bitcoin that
is being released onto the market daily.
And not to mention the having is basically in 60 days or so.
So, you know, it looks like all the stars are aligning and you
know, I'm incredibly bullish. Anyways, it's things.
Very interesting things happen when BlackRock is on your team,
right? One of those things is the
legacy financial media changes tune a little bit.
Here is Gary Genzer that absolutely drop the effing ball
with the ETF approval, right? You know the the the the SEC,
Twitter got hacked. They didn't follow their own
procedures about enabling to FA. One of the tweets was really
ironic, 'cause it said like, don't trust any information
unless it comes from the SEC. And the hacked tweet was
basically the Bitcoin ETF got approved.
Then Gary Genzer went out to say, yeah, that tweet did not
come from us, it was compromised.
Then the next day they said, in fact, it actually was approved.
And throughout this whole process, the whole point of the
SEC, you know, is to prosecute or to go after market
manipulation. They manipulated the F out of
the market by not enabling the two FA themselves, right?
So anyways, so here is Gary Genzer going on CNNBC and it's
just interesting, it's an interesting conversation.
So I'm going to play it. It's about 3 minutes and then
we'll, we'll talk about it. Let's check it out.
By regulation. Is is that the problem, though?
It's not necessarily Bitcoin the underlying asset, but more the
froth and the potential for fraudsters to use it that has.
Well, this is a field, Becky. That's been rife with fraud and
manipulation. And look at all the bankruptcies
and you've you've had on this set people talking about those
various bankruptcies and it's not just one entity, it's entity
after entity after entity and then investors are just lining
up in the bankruptcy court. What do you make of this goes to
the underlying piece of this. You've heard Jamie Dimon say
that he would close it down, that basically Bitcoin is.
You've seen the comments, right? It's not just that you closed
down that you would say it's, you know, used by drug dealers
and used by folks who are doing all sorts of illicit and
terrible things. There's very few things that
trade today that people talk about like that.
Now there are obviously frauds and things that happen, but
maybe not like this. Like the dollar is like 100
times more. I know that's your perspective,
but I'm just curious how you think about that.
But that's true though. This is how much has been money
laundered with Bitcoin. This is how much.
This is Bitcoin. This is dollar.
Yes, Joe, look, here's the Jamie Dimon quote.
The only true use case for it is for criminals, drug traffickers,
money laundering, opinion and tax avoidance.
I know, but we have a guess. His opinion.
We have a guest. Joe, what is your opinion and
what is your opinion? That we have something trading
on the exchange for the public that has this type of use case
at least as as described by the president of one of the largest
financial institutions in the company.
It's the leading market share in ransomware and that's publicly
known. You know, it's the it's the, the
token of choice for ransomware. Joe, if I can say the US dollar,
the UR or the yen, you have the whole society using it as a
medium of exchange. We buy our cups of coffee as I
see here. We get paid in dollars or yen or
euro and you have a whole central bank and support for one
currency generally per economic region that we don't have here.
So there is a very real economic difference is part of part of
the attraction since it's decentralized and you can't
have, you can't have a profligate central bank, it's
not that decentralized. I know you're saying because of
the ETS, but really it's not decent and everything because
look how finance tends towards centralization since antiquity.
So what do we have? We have a handful of three to
six core so-called crypto understand.
But the asset itself, the way that the distributed Ledger
right that's how the Ledger and how many times do you have
people on this show that say I want to invest in something
because how the books and records are kept.
I mean Joe really it's just an accounting Ledger a clever it's
a Ledger that everyone has that everyone has and can't be double
counted. It's almost immutable.
That's why people think it has and you trust it more than an
Oracle database or you. Trust A.
Lot of the Bitcoin Bold say they trusted a lot more than and in
the central bank that that that that enables the the fiscal
authorities to spend money to the tune of $33 trillion that's
that's everybody's investment choice but.
Dude, Mick. Shane, you want to hit this
first? Oh man, it's so nice to see.
It's so nice to see that on mainstream television, man and
look at how they try to goad you into more trust.
Look at our look at our central banks.
Look at the look at all the the magical backing and people you
have backing the US dollar and you know they're absolutely
correct. We don't.
The one thing I would say is we it's not that we trust.
With Bitcoin you can you can verify you can minimize all
these third party trust relationships and verify
everything everything yourself and take personal responsibility
for your wealth and have you know money that actually
performs the function of savings. 100% And it it's so
like the IT it it, you know, what's interesting too is that
he taught a class on Bitcoin and he's very well informed on the
matter. And now all of a sudden that he
has, you know, a government job. All of a sudden he's there
defending the current system, which he does terribly because
all he relies on, his arguments are just like there's a central
bank, everyone uses the dollar, everyone's comfortable with it
all. But he's not making the case as
to why the dollar is better. He's not arguing against what
that other gentleman that anchor was saying was basically like,
look, I like the reason that people are attracted to Bitcoin
is because they don't trust the central bank.
He has no excuse. He has no reasoning to that.
Like he he has no explanation. He has no argument against that.
But you know, McShane, we, we've been in Bitcoin for a little
bit. Could you have ever have
imagined this five years ago? Like, you know, this is crazy
how far we've come. I was wondering what the
transition would look like and I'm just, I'm amazed at actually
how UN hostile it's been. That's a pretty like, that's a
pretty lame attempt by Carrie to dissuade people from using
Bitcoin. Once BlackRock and these
institutions are are behind it, I mean they're they're going to
have to change their tune. I'm curious to see where it goes
from here, man. I think my biggest fear is still
that the hostile attack vectors will come in the form of on
ramps and off ramps. So I'm just kind of waiting to
see that play out. You already see that in the UK
cracking asking users to provide physical addresses for wallet
addresses which no one in their right mind should comply with,
by the way. Yeah, it's the the.
So I get what you're saying. I completely agree.
I think there's going to be two attack vectors.
The attack vector #1 is the, you know, the attack on Bitcoin
mining, which I don't think will be successful because the
incentives are just too great. But then the attack on self
custody itself and then they come up with the words unhosted
wallet. I've never read that word that
that word's not in the white paper.
That's a creation by by bureaucrats, right?
Yeah, yeah, it absolutely is. And it's it's hilarious because
that's just it just it brings the surveillance state into the
light. I mean, it's just no, we want to
know everything. We want to know what you're
thinking. We want to know these 12 to 24
words. We know where you are at any
given time. We need to know where all your
money is at any given time. And people sort of, they know
this in the back of their heads that they're making this trade
off convenience. They're trading off their
privacy for convenience. But I think with bitcoiners,
especially new bitcoiners going forward, this will be the first
time they really have to reckon with that and make decisions
about, you know, where they get their Bitcoin, how they store
their Bitcoin, are they willing to resist peacefully and not
comply with with the the laws that are coming our way?
I mean, the laws that are going to make all three of us and
everyone in the audience criminals haven't been written
yet. Yeah.
And you you have no doubt that that because I I see that
inevitable clash coming as well, right?
I I I think the two systems are completely incompatible.
You see this with current US sanction policy, how they
weaponize the dollar if there's an open monetary network.
Right. And you know there's a system of
which you know a bureaucratic elite control.
I don't think those two systems can coexist because people are
just obviously gonna choose the open monetary network every
single time. Which makes Bitcoin obviously,
you know it. It's it makes it prone to
attack. The politicians are gonna
villainize it. You hear the rhetoric coming out
of Elizabeth Warren. She's tried to use the Wall
Street Journal a couple times, basically saying that, you know,
this is being used to circumvent U.S. sanctions, right.
So we've heard that rhetoric as well.
So, but you are convinced, you are convinced that there is
going to come a point where you know of clearly the ETFs are
captured Bitcoin. Clearly that that's prone to a
six 102, right? That's clear.
It's clear as day. But do you believe that it's
inevitable that they just villainize or criminalize self
custody altogether? Yeah, 100%.
I think it's it's the same temptation that there is with
money printing. It's just no no person in power
could resist that that data and exerting that control.
Because what it comes down to is you know their favorite form of
of robbery taxations. You're gonna have a hell of time
collecting from addresses that they can't tie identities to.
So they're they're gonna clamp down on that.
They're gonna arrest all of our our our favorite hosts and
developers of mixing software as many of them are already not
allowed to come to the United States or too terrified to.
So I I I hate to be a a pessimist, but I think it's
gonna get more challenging before it gets better on that
front. And do you think they'll let us
stream from the Gulags, McShane? Like, do you think they'll, you
know, do you think we'll be able to, you know, it'd be a pretty
cool show. What do you think we should call
it? Simply Gulags.
Simply gulags. Yeah, the the Bitcoin
archipelago. Yeah, we're we're going to live
to eat the end, man. That would be great.
Well well to be fair Nico, the gulags will be the best place to
be at cause all the cool people will be there.
So, you know, it might, it might be a good time.
I don't know. They'll put the.
Bitcoiners all in the same bunk. And then, bro, if you put us all
in the same bunk together, I mean like all in the little
gulag house together, we're definitely going to figure out
how to get Internet. Like or get out of the gulag.
The greatest Have you guys seen that movie, by the way?
Yeah, great movie. That movie's incredible.
You haven't seen the great scene?
The Great Escape. McShane hasn't seen McQueen.
Amazing. Yeah, it's.
An old movie, but it's incredible.
It's essentially like World War 2US prisoners of war trying to
escape German POW camps. And it's incredible.
It's an old movie, but it's a classic.
Anyways, uh Opti, what's your take on on UH on Gensler?
Yeah. So like you guys were saying and
I'm I'm, you know, might might reiterate some of the stuff, but
it is very interesting to see Gary Gensler squirm on Squawk
Box considering that he did teach a course at MIT on Bitcoin
and quote UN quote blockchain. And I think Chris, our boy Chris
Alamo hit the nail on the head when he says Gary Gensler wants
to be the Treasury Secretary. So he has to bend the need to
get that. And we're seeing this happen in
real time and shouts out the Joe Kern.
He is by far my favorite Bitcoin podcaster ever.
He's such a legend. Just love to see him put Gary
Ganzer feet to the fire. It's such an awesome thing to
see, you know? I'm not.
I don't watch news, I don't watch corporate press.
But every time I see Joe Kern, it's just it's always a great
clip. And then you know some of the
things that Gary Genser said there, like Gary Genser's a big
blocker confirmed like McAfee purchases like.
What? What year?
Are we in? We're going back in time with
this Bitcoin FUD. It's absolutely incredible.
And there was a point there and McShane touched on that and I
and I want to hit on it as well because we were talking about it
yesterday. You know Gary Genser said that
Bitcoin is quote UN quote centralized because of the few
exchanges. And remember last year when we
were covering Choke .2, Point O like all year.
And this is kind of what Gary Ganser was saying there.
He's like, look, you can shut down Bitcoin if you shut down
the on and off ramps. And we've been talking about
this constantly. And he basically just like slid
over that and just kind of slid that in there and was like,
yeah, you know, like, hey, Bitcoin can be shut down because
of exchanges. Now it's very interesting.
Obviously, I think he's doing a little bit of gaslighting here
because if he did study Bitcoin, then he knows that exchanges do
not equal the Bitcoin network at large.
And so, you know, Gary, yes, this is, you know, I don't even
want to use the word trust. But like, This is why we like
Bitcoin, because it is, it is a decentralized accounting Ledger
that anyone can opt into, that everyone can survey on.
Everyone can audit if they run a node.
Like This is why we love Bitcoin.
And yes, Gary, we do trust Bitcoin way more than in Oracle.
Like what, what kind of what? What is he even talking about?
You can just tell that he really does want that job as a Treasury
Secretary. And again, just using that word,
trust, like I don't like to use it, but we trust Bitcoin because
we can verify the network with our nodes.
This is a feature, not a bug Gary.
And you can just tell that he is kind of a yeah, yeah, that's a
great way of saying it. But you know at times for a
while they're sorry Mitchell, not to cut you off last point.
Like at times I was kind of leaning towards the idea that
Gary Genser is a maxi and hence why he took so long to delay the
spot Bitcoin ETF so that, you know, we don't have to prove all
these shit coin ETFs. But now, yeah, you know, I've
asked the question before on the show like who is Gary playing
cover for? And I I think it's becoming very
obvious that he's, he's playing cover for someone and you can
read between the lines here, but McShane jump in.
I was just going to say that that Gary's in a lose, lose
position here. He's going to have egg on his
face for the rest of his life and he's this is unwinnable
battle he's been trying to forge and balance.
He's been trying to find and I don't know if you will see him
become Treasury Secretary. I think it's more likely he gets
you know goes to the private sector.
I believe in the past he wanted he tried to join the finance
board. I mean he's he's definitely
interested in getting in on the side of light and good, but I
don't know what it is that keeps him working for the government,
to be honest. Yeah, but it it it's it's it's
it's interesting, 'cause you know it.
It's like we know he knows better, but because of his job,
he's willing to lie. And then that goes to a bigger
question, which is if the government, you know, the the
old Abraham Lincoln, you know, quote or speech, right?
Like if it's a government by the people, for the people.
But clearly under central banking and Fiat, I don't think
it's a government by the people, for the people.
I think it's a government by the government for the government as
long as there's a central bank. I I I really see that.
And and you see it the way that Elizabeth Warren behaves, the
way that Gary Gensler behaves like even if there's an
alternative system that will benefit the vast majority of
Americans, he's willing to argue for the system that benefits the
politicians in the bureaucratic elite right, which I find very
interesting. But you know, I love Bitcoin in
that in in that sense that, you know, it exposes incentives.
And I think you know that interview it was, it was no
different. It was exposed.
I want to I want to double down on your meme there.
The government that we are currently find ourselves in is a
government for the shadow government, not for the people.
The administrative state, I mean, it's not really shadow
government. It's the administrative state.
It's right up, right up in your face.
Speaking of it, I made this meme.
What do you mean we don't control the media anymore?
It's interesting what happens when you have Black Rock on your
side. All right, guys, no more delay.
Let's jump straight into the news.
We have a lot to talk about. Let's check it out.
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Right, Nico, wait, we before you go, I don't want to cut you off,
but guys, smash the like button. We have over 400 people on
YouTube, Twitter and Rumble, you know, Shouts out to every single
one of us. Let's push this content.
We love you guys. All right, go, Nico.
Yeah, Smash, dude, we forgot. We forgot to say it yesterday.
Yeah, so if you guys are watching the show, Smash the
Smash the like button really helps with the algos.
If you're watching us on Rumble on X on YouTube, just smash,
Smash, smash the like button. OK, so I do want to talk about
this idea. This idea is called politics is
downstream from culture, that to change politics one must first
change culture. I think it's a really, really
important idea. I do want to read the rest of
this quote because the reason why Steve Bannon was interested
in this is because he believes in the idea of the Bright Bright
doctrine, which is that if you want to change politics, you
first have to change culture because politics flows from
culture. If you want to change culture,
you have to 1st understand what the units of culture are and the
people are the units of culture. So if you want to change
politics, you first have to change people to change culture.
Breitbart considers this idea an important one and often spoke of
it in interview or cited in print.
Now Breitbart and Steve Bannon are very divisive figures, but I
do believe in this idea that if we, if we want to win the
peaceful Bitcoin revolution and referencing Corey Clipson's
article, right, the bright orange future, we need an
intransigent minority in the United States.
You need a a group of people, right?
Roughly, you know, 10 million people in the USA, percentage of
people that are immovable when it comes to Bitcoin.
So if there's any anti Bitcoin legislation right it it's
impossible to pass. And think about it basically
like the gun laws in the US, right?
A lot of people hate guns in the US but because such a large
percentage of the population own guns, it's incredibly difficult
to pass anti gun legislation. So if we wanna stay in the US,
if we wanna hold it down as a first generation American, and
Opti and I were talking about this before we went on air, you
know, I still, I was sold on this idea that, you know, this
is the land of the, you know, land, home of the brave, land of
the free. Clearly it doesn't look like it
anymore. I'm a little bit more bullish on
the global S these days. You know, go back to Latin
America. So be it.
But I'm going to try to hold it down.
We're going to try to hold it down in the US for as long as
possible. And if we want to do that, we
have to take over the culture. And what bitcoiners have to
understand, ladies and gentlemen, is that we are in an
information war. We really are.
And I'm going to quote this amazing article dropped by our
friends over at Bitcoin Magazine, written by the
President of El Salvador, Nayeem Bukele.
And the very bottom This is something that we've read to you
guys many, many times, right? Says the most vocal detractors,
the ones who are afraid and pressuring us to reverse our
decision of the world's most powerful elites and the people
who work for or benefit from them.
They used to own everything. In a way they still do the
media, the banks, the NGOs, the international organizations, and
almost all the governments and corporations in the world.
And with that, of course, they own the armies, the loans, the
money supply, the credit ratings, the narrative, the
propaganda, the factories, the food supply.
They control international trade and international law, But their
most powerful weapon is the control of quote the truth,
right. So we are a narrative trench
warfare. We have to win over the hearts
and minds of people. We have to convince them that
it's not left versus right, right.
It's not red versus blue. It's, you know, it's the party
of green, the party of Fiat, central bank, digital
currencies, nihilism, poverty, slavery versus the party of
orange, the party of freedom, prosperity, optimism, hope,
opportunity. That's really the battle at
hand. And to win that battle we must
win over the culture. This is something that we try to
do it simply Bitcoin. And of course, you know, our
friends over at Bitcoin Magazine do this as well with their
incredible conference inviting. You know, Vivek Ramaswamy, Tulsi
Gabbard, RFK Junior, Jordan Peterson made an appearance.
I think it was Bitcoin 2022. So it's those types of
individuals that are outside of the Bitcoin echo chamber and
they have massive followings outside of the Bitcoin echo
chamber that are these are massive cultural figures, they
have a big voice. So when they say something like
CDC's are bad and Bitcoin is good, they have a much wider
audience than us Bitcoin content creators that really make
Bitcoin content for other bitcoiners.
So this is Tim Poole. We've talked to you guys about
him before and he's fully orange pilled at this point.
He's a bitcoiner at this point, you know, he was told, I mean
I'll I'll read you his tweet from himself, you know, read it
from the horses mouth itself. I forget how you say that
expression precisely, but you know something's crazy.
When you were first told about Bitcoin and Bitcoin was at a
dollar or a couple cents and you don't listen and you wait and
then you see it at 52,000, that tends to convert you very, very
quickly. And that's something that, you
know, he started to admit yesterday.
And I'm sure because he finally bought in, he finally listened,
right. This is some, this is someone
who was told by Max Kaiser I think like a decade ago.
So here's Tim Poole, massive following on YouTube, multiple
channels with over millions of subscribers on Twitter.
He's a massive personality. This is a big cultural figure in
the US. He's one of the biggest podcast
right now, mainstream podcast. So he goes on to say your one
year return on Bitcoin is about 133%.
Your five year return on Bitcoin is 1163%.
Your 10, excuse me, your 10 year return is 15,937% USD.
Ten year return is -30% Ladies and gentlemen, that is him being
orange pilled and here's him describing the story.
I first got into Bitcoin in 2011.
It was about $0.70. I sold about 20 Bitcoin when it
hit $20 and I was stoked. Bitcoin skyrocketed after that.
I remember thinking, damn, when it hit $100 and eventually I
thought, fuck it, maybe I missed the train on this one, but I'll
just buy a bunch. Anyway, Bitcoin is now $51,000.
I am very happy. And ladies and gentlemen, this
is what happens, right? And look, just because we're at
52,000 and a lot of people might be thinking the same thing, just
just look into the past, right? If you don't learn from the
past, you're destined to repeat it, right?
You know, 52,000 in 10 years when Bitcoin sitting pretty at a
couple $1,000,000 is going to look like $20.
It's going to look like $0.70. So yeah, it might be a massive
number psychologically, but you got to look at the past if if
you don't want to repeat it. So this is a big deal.
This is a big cultural figure that, you know, that's that's a
bitcoiner. And he's going to continue
advocating for Bitcoin. Not only on his Twitter, he's
done that on his very, very popular show as well on the Tim
Cast IRL. He's basically said when the
First Republic Bank failed, he's like, look, these banks are
going to crap. I'm just happy that I have
Bitcoin right. If more mainstream figures say
that, you know, Tucker Carlson, also a huge advocate of Bitcoin,
RFK Junior, also a big advocate of Bitcoin.
The more people do that, the more we went over the culture.
The more we went over the culture, we're not going to have
a problem with the one with with the politics and the monetary
demons like I like to call them. Anyways, here's a clip from his
very famous podcast referencing the subject.
You later seized First Republic Bank and struck a deal to sell
the bulk of its operations to JP Morton Chase and Co, heading off
a chaotic collapse that threatened to reignite the
recent banking crisis. Yet dude, you stuffed a lot of
toilet paper in the hole. I don't think you're you're
stopping the waters. JP Morgan said it will assume
all of First Republic's $92 billion in deposits, insured and
uninsured. It is also buying most of the
bank's assets, including about $173 billion in loans and $30
billion in securities dollars. JP Morgan's going to blow up.
What? How can you assume loans?
Bad loans from bad bank. They're trying to slow this
thing down. As part of the agreement, the
Federal Deposit Insurance Corp will share losses with JP Morgan
on First Republic's loans. You see, there they go.
The agency estimated that it's insurance fund would take a hit
of $13 billion in the deal. JP Morgan also said it would
receive $50 billion in financing from the FDIC. the US government
is propping up this deal because the system is imploding.
I can't tell you what to do. I'll tell you what I'm going to
do. I'm, I'm, I'm about Bitcoin.
I already got some. I've been buying some recently.
That's all you got to know. That's all you got to know.
Now connect that with like you. See, people watch that.
How many people watch? That dude, his video, he gets
like 250,300 thousand 500,000 views per episode.
And the fact that he said that now, okay cuz we gotta connect
the dots. We're on simply Bitcoin after
all. Connect that with the legacy
financial media and literally him destroying Gary Gensler
because Gary Gensler was trying to feed him the BS.
People are sick and tired. The echo chamber is breaking.
We are winning. We are.
We are making progress. This is what it's all about.
This is what winning over the culture is all about.
This is what winning over the hearts and minds is all about.
So take agency. Take action.
It's up to you, the individual. Spread the orange gospel.
It's not left verse, right? You know, don't get lost in the
sauce with the divide and conquer strategy of these
politicians. Really.
Bitcoin is a great unifier. So tell people, Listen guys,
it's not, it's not the Democrats, it's not the
Republican. It's it's the money that's
broken. If you fix the money, you fix
the world. All right, I'm going to pass it
on to McShane first. McShane, what are your thoughts
on this? I know you guys do incredible
work at Bitcoin Magazine with the Bitcoin conference to really
get these individuals outside of the Bitcoin echo chamber to talk
at the conference. And I know that you guys planned
the conference this year strategically around two other
certain types of two other conferences.
I don't know if I don't know if you know what I'm referencing.
No. What do you mean?
It's what Nolan always says. So, so Nolan was saying.
But basically, it's the Bitcoin Conference is in between the
Democratic convention and the Republican convention, and the
Bitcoin conference is right in the middle.
This is a huge opportunity this year to have real conversations
that are uncensored with politicians.
And I don't want to, I don't want to leak any, you know,
speakers we haven't announced yet, but those conversations
will be happening in Nashville this year, right, between the
R&C&D&C, interesting enough. It's so beautiful to see the
network effect play out in full force, like as the price rises.
I mean this, this sort of game theory of Bitcoin is something
that's it's not only a prediction, like it's a truth.
You can watch it. There are many examples of it
throughout our society. And one small example of such is
I used to have to chase Tim Poole to try to hey, you know
come to the conference, let's let's figure something out.
Come to your show at the conference.
It never really worked out in the past.
This year they came to us. So he's he is, yeah, yeah, yeah.
He's getting he's getting excited about Bitcoin, which is
great to see. It's good for everybody, even if
they're you're just one of those 250,000 viewers of one episode
and you get your first touch point.
I think we all remember our first, second, third touch
points with Bitcoin. Some people take hundreds, some
people take just, you know, a dozen little interactions with
it throughout their life. But you got to remember, most
people have no idea what what it really is.
They don't have a very deep understanding of it.
So getting it just in front of their face as many times as
possible, I mean, we've got to be our own marketing campaign
here. So it's great to have Tim on our
side. 100 percent, 100% Well, I'm, I'm glad that you you
dropped that little nugget because that's and it's so
obvious. It's so obvious too.
But anyways, Opti, what's your take on this dude?
We have been covering this for quite quite a while now.
Almost a year on simply Bitcoin and just to watch him, you know,
cuz he's basically saying like yeah, I bought Bitcoin.
But over a year and a half ago when when you and I first
started covering this Opti, he wasn't as convinced, right?
He was a little bit skeptical. It only took a bank breaking and
Max Kaiser trolling him publicly on Twitter.
You know, for him to really, really convert fully and fully
accept the orange pill. So what's your take, Opti?
Yeah, well, absolutely love it. Love to see it.
And that nugget that McShane just dropped on us, that's very
interesting and absolutely love to see it because we've been
saying for a while, you know, I I fundamentally think that
anyone that is actually in tune with what's going on can
identify the problem. But very few people are talking
about the solutions and now, you know, Tim Poole is a very
popular broadcast. And if he's talking about the
solution, even though he kind of framed like, I can't tell you
what to do, I know what I'm going to do.
Like it just you love to see that signal start to spread out
in every Ave. And I've been saying that this
is one of those things that I think people are really
underestimating. Moving in towards this year and
the next year is just how much Bitcoin has saturated popular
culture. Because look, unfortunately many
people have turned their brains off and just look for
influencers and the experts to make life decisions.
So culture is super important, hence why we name one of our
segments, the daily culture, so that we can propagate what we
believe is not only the best culture, but a culture that will
make you guys rich, healthy and informed.
Like this is the whole point of this show.
I want you guys to be top tier humans and we bring on a bunch
of interesting people. We cover popular culture at
large and always angle this and funnel this through a Bitcoin
lens. And so look, I don't listen to
Temple much, but I do recognize that he has a huge platform and
people do listen to him. So you know, it's absolutely
great to see him basically say, look, I'm doing this and the
250,000 plus viewers are also now thinking, oh wow, you know,
I respect Tin Pools views on everything else.
Maybe I should get some Bitcoin. So you know, Temple is a
political commentator. So hopefully he will continue to
talk about the solutions AKA Bitcoin, and not just always
talk about the problem, but personally Niko, like this is a
great development that we're seeing and I think we're going
to see more and more people go this route because look, we say
it all the time. There is no way to vote out of
this position we're in unless you're voting with your money
like number go up is the best incentive but you know it means
that we have to also be vigilant and that we're not just here for
the Fiat games. Hence why we tell you guys to
run the nodes custody your Bitcoin plant the seeds of
freedoms and your friends and family and this is how we win
the popular culture but guys like as Tim Poole kind of notice
and and reference like number go up makes our jobs that much
easier. And then and finally we get that
one or two years where we're not just the crazy idiots to our our
friends and family were the geniuses.
So you know This is why we're going to talk about in the
culture with McShane did not really lose our heads here but I
I already tell you guys I'm going to get stupidly bullish
and I'm going to do my best to like not get overly bullish.
But you know this is this is my original sin as a bitcoiner.
I just get so excited when we talk about Bitcoin and the price
goes up and I can finally, you know, flex on my friends and
family like I'm a genius, but you know, stay.
Humble. I'm trying to stay humble.
So, so yeah, it it, you know,
but it it's interesting what number go up.
Technology does. And you know, this isn't just
Tim Poole anymore. I played you that clip of that
was him, you know, when the the the Republic Bank collapsed.
But now you have the financial media, you know, going against
government officials that are literally going up to bat with
Bitcoin and saying, yeah, I mean, I think central banking's
a scam. Like I think this Bitcoin thing
is good you know, so we've definitely made progress but
we're not there yet. We haven't won.
We haven't won until there's a Bitcoin flag flying over the
Federal Reserve in Washington DC Well when flying over the
Capitol almost and and we make it into we're gonna talk about
that tomorrow but and we make it into a museum anyways ladies and
gentlemen before we get to the culture and speak with our guest
today McShane I do want to give a shout out to our sponsors.
They're they're the they're the Bitcoin companies that make this
show possible. So first, I do want to give a
shout out to Bitcoin evangelism, planting the seeds for the
decentralized revolution. This is a book by Brian de Mint
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are trying to explain Bitcoin only to all coiners.
You could scan the QR code on your screen.
It's available on Amazon for you to purchase right now.
I highly, highly recommend it. All right everybody, let's get
to the culture. Let's do it.
Here we go. The Daily Culture.
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All right, Opti. Hey Nico, yours.
Say it one more time. Say it one more time.
You know it's it's kind of like a funny story how we got that
sponsor. We like we were at a mining
conference. I forgot what it was, what was
called. It's just called the Mining
conference and Opti and I, we we like, we set up like a a
podcasting thing and we literally said kaboom racks like
200 times. I was in all Kaboom Rats merge
shouts out to Alex. They were just like, giving it a
head stickers all over me and we're just like, kaboom.
We're just like Kaboom Racks and like, can we sponsor you guys?
We're like, OK, sure, love it. That's that's where the Kaboom
Racks guys trolled me and said that Opti is their favorite.
E thought so. Anyways, that's a totally other
story. Oh.
Man, I've got, yeah, Boom Rex, I've got Kaboom, Rex Miners.
I'm very, very happy with that company.
And they might have the best merch in Bitcoin that, But
again, that's another story. All right, McShane, let's let's
go into the conversation that we were talking about before we
went live. I did have a tweet here and I'm
not going to pull it up, but it's basically the idea you
tweeted, I think it was yesterday.
You're like, guys, do you know what happens after the price
goes up? And I asked you before, what
exactly were you talking about, McShane?
And then we'll go into what you think people should be be doing
so that they don't burn themselves this bull run.
Yeah, I think, I think partly just antagonistic to ask that,
but also I think it's an important question.
It's one I didn't ask myself when I encountered, you know,
the first, my first Bitcoin bull run.
Like the plan was, let's get as much Bitcoin as possible, you
know, And I didn't really, it took me a while to think, OK,
how do I secure this? It took me a while.
The problem is the, the, the position that the dollars in
kind of forced us all to become somewhat amateur capital
allocators. So you have to start thinking in
terms of risk and trust. You started to buy your first
Bitcoin and I'm speaking to new retail entrance from like 2020
beyond you. You know you've started to
accrue some savings in Bitcoin. How do you take trust out of
that relationship Maybe you, you know get get out of the ETF, get
in the spot get off exchange. Are you running your own node.
If you're not running your own node you're you're you, you
don't know how much Bitcoin you have.
I'm sorry you know are you do you have a multi sig?
Is your security for your Bitcoin scaling in some
proportion to you know the value that you're trying to secure
there. So I like to you know we give a
good 5% thinking about security for my bitcoins.
Not advice just it's just the number I use.
So am I, you know checking my hardware and software do I have
a a geographic plan are you going to arbitrage jurisdictions
if if the laws in the states become untenable for big corners
that really want to have a trustless relationship with
their funds. If not you should.
I mean you should think you should think long term about
about it might be hard to fathom but you can get there.
You know you can pick up and and and move somewhere else or at
least have another place that you can go should things get so
far as you know you're you're you're being forced to dox your
your receive addresses to the government with with real you
know where your bitcoins actually at.
So I don't know. There's a lot on my mind when it
comes to that. There's a lot to be prepared
for. There's a lot to learn.
It's really daunting. Always recommend small steps but
the two most basic things I think you need to cover are risk
management. You don't want to over leverage
yourself. People get crazy and start
levering, you know, up. You know, mortgage your house to
buy more, more Bitcoin. But you don't want things to get
clawed back from you. You don't want to leave your
Bitcoin on any third party platform.
So you got to cover the basics before you start to, in my
opinion, allocate a percent of your savings.
That's in my cold storage, untouchable Bitcoin.
A small percent of that, or, you know, depending on how
conservative you are, you can start allocating to maybe some
riskier plays if you feel the need to try to get more Bitcoin.
It's controversial. Everybody's everybody's
different. This is just the way I see it.
Love it? Yeah.
And on that note, like we are entering price discovery mode,
you know, it's number go up only season.
So what would you recommend to the new entrance into the
Bitcoin space? Like how how can they stay
grounded? You know, 'cause we like I, I
jokingly said. Like, I know I'm already going
to be losing my mind, so I'm trying to, like, pre empt myself
so that I can stay grounded during this bull run.
I would say, look, I think we're at 15 K sometime in the summer
or maybe before that. So me, everyone in the chat, you
know, we're we're all sitting here up nearing, I don't know,
200% more. You know, we're doing very, very
well. You're going to experience a day
where you you walk into a restaurant to eat and you you
come back out and your net worth's cut in half and that's
going to freak you out. And I just asked people to
mentally prepare for that are are you, are you overextended?
I mean there there may be a, you know you you need.
The fact is you you kind of need some cash to navigate this world
the way that it is. Now if you're if you're in the
United States, you need some some, some U.S. dollars.
So you want to make sure you have a little bit to make it
through and just that you're you're financially planning in a
way that maybe you haven't before.
The the the most fun part of this is figuring out where can
you maximize your cash inflows as a person.
Are you are you picking up a second job?
Are you doing freelance work? Are you doing.
I used to do free work for bitcoiners on the side, just to
kind of learn the industry and and hope that it would lead to
kind of expertise that people would be willing to pay for in
the future and that that always pays off to to to to make good
connections with people in the space like that.
And then where are you minimizing your expenditure?
We all have room to cut things, unnecessary things out of our
life to promote savings. And this is where you get into
the really fun cultural side of Bitcoin.
That's like, I'm only going to eat meat, you know, no more seed
oils, no restaurants, no Fiat. I'm not taking any cruises this
year. You know, I'm going to cut down
on vacations. And it's just that's the point
where you really start to see Bitcoin affect the behavior of
people psychologically and I think ultimately make them more
resilient, stronger class and eventually probably like ethnic
group of people just in the way that you don't the the
intermarriage between Republicans and Democrats over
the years just goes down and down and down.
So you basically have, it's not just a culture war, it's it will
become kind of a ethnic plotline war between people in that way.
I don't think, I don't think bitcoiners are going to be able
to, you know, share a household in the same way broadly with
people who are not on board with this mission of freedom and kind
of trustless living and self sovereignty.
Because it requires a bit a lot more work, you know, a lot more
work on your end to custody your own wealth.
I complete So I really agree with that.
I you know and I have I live in the most Fiat city in the world,
Miami. And you know a lot of my no
corner friends who I grew up with.
You know and you never forget your high school friends like
you never forget the people that you know, your friends that you
had in your early teens, late teens, early 20s.
You know this is some of the best memories of your life and
you never forget those memories, right.
Things change as you get older and we are operating literally
on a different system. I I view the world completely
differently than they do. They're still operating on the
Fiat mindset and us bitcoiners are operating on a completely
different mindset. And I I I think it just has to
do with you know the money that we choose to use the operating
system that we're on versus the operating system that they're
on, right? The Fiat operating system
incentivizes short term thinking, you know, bad health
choices, You know, again, I live in Miami, so I feel like I'm,
I'm in this surrounded by, you know, this type of behavior
where I'm at. And I think Bitcoiners are, you
know, totally different breed of people.
They're thinking about the future.
You know, they're thinking about, you know, setting up
Citadel's. They're thinking about, you
know, eating healthy. They're thinking about, you
know, starting families, right. That's Miami's terrible for
that. You know, like most of the girls
I grew up with, you know, they're they're they're about to
hit their 30s, you know, and then then the, you know, they're
kind of like I have to find a husband.
You know it's it's it's it's pretty crazy.
You know it's pretty crazy the the starch contrast between you
know bitcoiners and no coiners to put it, to put it nicely.
So I completely agree with your take, McShane.
So Opti, I do see something that you have.
Pulled yeah, yeah before before we go that we'll we'll finish it
up with Bitcoin conference. I wanted to touch on something
because I I did tee up McShane and and just to make it clear
guys what happens after the price goes up is it usually
comes down South. Prepare yourself accordingly.
But I do want to ask you one quick question because I did
bring this up last week and we did get some some people that
were wondering what's your thoughts on the best practices
for UTXO management? Labeling your UTXOS is very
useful just to keep track of where they've been and I I I
think that everyone should have two stacks.
I think you should. I think you should be mixing
coins that you'd prefer to retain privacy and have sources
of non KYC non know your customer.
Coins that you can keep separate from stacks you know that your
crew from places like cash app and Strike that are required to
turn your information over to the government.
I think it's useful to have both because we are entering a world
where you you you can spend Bitcoin out and about and and
and there's really no problem with using your KYC stack to do
so and you can you can use that stack for things like maybe you
need to take out some sort of Fiat denominated loan in the
future and you you you choose to use some Bitcoin as collateral.
They might not accept mix coins. There's like some kind of game
theory problems in the future, but the more of us that that
makes our coins, the bigger that anonymous UTXO set, the better
for everyone. You know, the more privacy we
retain and the more purchasing power we accrue.
So I would, I would say keep your stacks, keep your stacks
separate, learn good UTXO management, learn the trade-offs
of consolidating and not consolidating your UTXOSI think
a lot of people are learning that recently with the increased
fees as SAT's per virtual bike goes up.
You have to have kind of a plan here because you know your point
OOOOO 2 UTXO Bitcoin is not going to be spendable at a
certain point with the way with the ways that fees could rise.
So you might want to consolidate the trade off there as you're
obviously, you know kind of flagging to the world this is,
this is a little bit bigger of a honeypot, a little bit bigger of
an address and you're compromising the sources of all
that funds and kind of unifying them into one.
So you just you want to keep good, take good care, take good
notes of where you got your your, your Bitcoin from and keep
your stats, stacks, your KYC and non KYC absolutely separate.
Love it. Love it.
OK, all right. So for everyone out there,
McShane is head of programming at the Bitcoin Conference.
You guys have Bitcoin Asia coming up soon.
Everyone, probably our audience will most likely be at Bitcoin
2024 in Nashville. So I don't want to put you on
the spot here McShane, but what are you most excited about?
And what can the audience expect at either Bitcoin Asia or
Bitcoin 2024? You can pick whichever one you
want to rant on. Interesting.
I think Bitcoin 2024 honestly is is, you know, it's beyond the
halving. So I'm not really sure what's
going to happen. It's going to be an insane
celebration anyway you dice it. If you look historically, 6 to
18 months after the halving, the Bitcoin price absolutely
explodes. That's like the only reliable
kind of metric in my mind that you can use to economically plan
around stacking. I think it's going to be a a
celebration, but a place also where we're going to have some
difficult conversations. You're going to see this kind of
monetary maximalism and platform maximalism.
Ideologies play out a little bit and come to a head.
We've all seen this this big kind of war on like spam or
censorship. However, you want to call it
inscriptions and Bitcoin as just a perfect money that doesn't
need to change, that doesn't need to incorporate the features
and kind of utility sets of other tokens.
It's it's a super interesting debate.
I have my thoughts on the future of this.
I mean however you want to dice it, we are living in a multi
chain world, right? So one of the interesting things
about Bitcoin Asia is that world really doesn't that that that
kind of Bitcoin only world. That's not really a lens over
there there. There aren't really groups of
people that are advocating for Bitcoin, only Bitcoin
maximalism. You know, I'm not really sure
why that is, why it hasn't taken hold there.
But what it does is allows you to kind of think realistically
like, OK, what is the future of Bitcoin development?
It seems that we are at least some contingent of bitcoiners
are interested in bringing on the feature sets in a way that
doesn't compromise the underlying auditability and
security of Bitcoin. Like the Nakamoto consensus, We,
I think everyone agrees we don't want to change that.
We don't want to fuck up Bitcoin.
Just have smart contracts or something.
So the question becomes like how do we build on layer twos and
threes and what are we going to do when all these people come?
I, I, I honestly, I find it really odd that people are so
hostile to inscribers. Even if I don't agree with what
they're doing, I don't feel that I have the right to exercise
judgment over how they spend their their Bitcoin, right.
That's that's kind of the whole point.
So it's just a it's a very heated landscape.
And I'm excited to have some of these arguments out on stage and
see how people's minds change as the price rises.
And we do get more and more people coming to put their
fucking NFTS on Bitcoin, but they're also running their own
nodes, teaching others to run their own.
I mean, these are real things that are happening, so yeah.
So Mega Bull Run Bull Run Conference confirmed.
Yeah yeah mega bull run conference.
I mean this is always how it is. It's yeah it'll this one and and
and perhaps the year after are going to be absolutely huge
depending on how the how the price comes.
But the the other interesting cultural clash is this new field
of bitcoiners, of the institutional bitcoiners who
have absolutely nothing in common with us.
You know is there wealthy trust fund kids or you know Wall
Street traders, whatever whatever they are you know
family offices, they're coming in and and we are going to have
to work together on some things. They're they're they're going to
catch up quick. They have unlimited resources at
their disposal to learn about how Bitcoin works and has
changed and we're going to have to be ready for like I'm
actually quite concerned about like misinformation and and and
psychological attacks on Bitcoin by way of tricking people into,
you know, some kind of consensus down the road.
That is not ideal. It's not, it's not the vision.
It's not what what we want is bitcoiners.
But not to spread the thought. I'm just saying there's a lot of
interesting cultures. Like everything that rises here
has to converge. So we're just kind of, we're
going to make a lot of new friends and enemies along the
way and it's going to be, it's going to be pretty fun.
Love it, Love it. OK, not too hard.
Pivot. But we do know that you are a
huge Noster advocate. Is Noster the future of social
media? The future of social media
itself? I don't know.
But of, like, uncensorable communication?
Yeah, I think so. I also run a a Noster conference
and we're coming to Riga. We're going to pair up with
Baltic Honey Badger because obviously there's a lot that
these protocols have in common. The Noster protocol and the
Bitcoin protocol tour there. There are a lot of open source
protocols that we as Bitcoiners use often.
And I I want these communities to converge.
I want all Bitcoiners to try Noster.
It's very exciting and fun to be so early to something.
I mean, it's only a few years old and it gives you a lot more
freedom to communicate without that privacy trade off.
You're you're you're giving up no data involuntarily when you
use no stir. The user agreement's hilarious.
Just says this. We do not collect any data on
you, you know, it's just, it's just it's just what you post,
which for most people they're like, who cares?
There's only, like, you know, 100,000 people who who gives a
shit. But it matters over time.
It matters if you live in Saudi Arabia and you're, you know,
you're going to get, you know, executed for your tweets.
It matters if you want to retain anonymity and not pay for a blue
check and you still want to feel seen and heard and have virtual
community. It matters if you want free and
open source marketplaces and I think that's coming in a in a
pretty robust way to no STIR. It's yeah, I think it's
important to point out like we actually don't know there
there's like more devs working on no STIR and more projects
right now than there are users and the that's because the the
potential of this thing is so much has many broader
implications than just social media.
So if you're interested in Bitcoin a little bit from the
technical aspect of it, or urge you to look into open source
software development in general and to definitely try Noster,
you know. All right, before I pass it to
Nico, if he wants to chime in, is it noster or noster?
I say Noster, I'm not changing. I don't think there's consensus.
All right, all right. Well, then.
Wait, you heard it here first. Whatever you want to choose,
choose your own adventure, Nika. You want to chime in before I
ask McShane the the last question I always ask our
guests. Yeah, absolutely.
Look, so yeah, the the Noster thing is, is is incredibly
fascinating just from the aspect of, you know, there, there was
first the Domus app, then there's the, you know, the
Primal app and you know, primal like kind of, you know, tweaks
some things you could say made it a little bit better.
They added the wallet in there and you could see, when you say
the marketplace, you could see that coming.
When you have the wallet implemented in the app itself,
you see that. And the beauty of this is, this
isn't just Twitter where they can just take your account, put
it off the ban your account, take it, delete your account.
Now you're gone, right. Regardless of the app, you can
take everything with you as long as you have you know your
private key and then your public key.
I don't know what the. I know it's a it's called a
little bit differently. So yeah I I think it's really
exciting but you know to to go back to Opti's original question
to you which is is it the future?
Well it clearly Twitter has the critical mask.
Clearly YouTube has the critical mask.
However, if these platforms now, it's a little bit different that
Elon has took it over. But like for example YouTube, if
they continue going down that route of, you know, banning
certain channels because of, you know, their political thoughts.
You know, I kind of see Noster as a one way door, just as I see
Bitcoin as a one way door, right.
They, you don't go from Bitcoin back to Fiat.
You go from Fiat to Bitcoin and then you're like it's a lot
nicer here. I kind of don't want to go back,
right. So yeah, I'm, I'm extremely
bullish on it and I think we're in the infancy of it, right.
So if people want to find out more about Noster itself,
because I think it's a it's it's a little bit more harder to
understand, harder for people to get their their, their their
minds around you. You said that you were, you
know, organizing a conference in Riga.
So what what sources do you recommend?
Like where would you start if someone wanted to learn more
about Noster? If they're interested about it,
how to create an account? What would you recommend to
them? If you want to run a desktop
client, go to primal.net. If you have an iOS device,
download Domus Primal. If you have an Android device,
there's this. There's a suite of clients you
can use as well, I think. I think one thing I want to
touch on that you said there just real quick, these
technologies are orthogonal. This is not the same thing or
remake of Twitter at all. You you can't have uncensored
conversations at companies. It's not how it works.
They're they're they're always beholden to the surveillance
state and they will always compromise user privacy for that
state. This this notion that Twitter is
a is a freedom platform of free speech is complete bullshit.
All of us know that at heart there there are things you can't
say the things that will you know the algorithms prime to
promote the agenda of the the the heads of that company and
and that's not the case. That's not the case for no Sir
at all. So I definitely agree with you.
I think it's a one way door, yeah, just go check it out and
play with it. It's really not.
It's a lot easier to set up than a Twitter or a Google account or
something like this because it requires no personal
information. Join as a Nim.
You'll be given an N pub and an N sack, a public and private
key. We know how to use these from
Bitcoin. Keep your secret key secret and
you're off to the races you can start Posting immediately.
Takes less than a second to make the account and you can grow it
from there. It's yeah, every every bitcoiner
should, should should should try it.
If you haven't, you know you're behind.
Get on it. It takes just an afternoon to
get to know. No, Sir, I think.
What? What?
What client are you using right now?
What's your favorite client at the moment?
I don't really have a favorite. I use.
I use different clients for different things.
If I'm going to do do a lot of zapping, I I tend to use Primal.
If I'm, if I'm, if I'm on desktop, I love, I love using
Primal. I use Domus at home, like from
my phone. Especially if I want to upload
media. They're really good.
I can do really high quality long videos on Domus, you know
show people pictures of the Citadel, get things get things.
I don't know. It kind of depends what you want
to do. I'd recommend people just just
try them out. You know, if if the marketplace
isn't offering something that you find valuable, the beautiful
thing is you can just make your own.
You can make your own Noster client pretty quickly.
It's a. It's pretty simple protocol.
Love it. OK, so just wrapping up.
McShane and I ask all you. I try to ask sometimes I forget,
but what would be your last two sets to the audience?
It could be anything that we talked about.
It could be anything you haven't talked about.
What is the last message you want to leave with the viewers?
I mean you've heard it before. Get your Bitcoin into self
custody. If you've never used a hardware
wallet, get one. Get a get.
Get a cold card. Get get something.
The foundation passport. Get something.
Try it out. Learn to use a pass phrase or
multi sig. I think that's also important so
you're not, you know, honey potting your your household.
Learn about geographically distributed multi sigs and get
get your Bitcoin off the exchanges and get out of that
spot ETF garbage capture. Bitcoin, yeah.
Beautifully. Wait, wait, wait, Nico, before
you go make Shane, I did see your tweet or I think you quote
tweeted you like the spot. Bitcoin ETF is just layer 2 for
boomers and that had me cracking up before.
It is. It is.
Such a good framing. That's good framing.
Hi, Nico. We can roll this out.
That's McShane. That was great.
Captured Bitcoin versus spot Bitcoin Guys, thank you so much
for tuning into another episode of Simply Bitcoin Live.
I'm your host Nico. This is my Co host Optimus
Fields. This is our guest McShane.
You can go follow him at McShane. under score rights.
You can go check him out on Noster McShane.
By the way, we do have a promo code for the Bitcoin
conferences. You can use promo code simply.
They'll get you 10% off. Definitely highly recommend
them. I've been going since Bitcoin
2021. They're a lot of fun, especially
if you're trying to get a job in the industry.
I cannot recommend them enough. They're incredible, especially
industry day. Definitely recommend that get
that type of ticket. And McShane, thank you so much
for joining us on the show today.
Really, really appreciate it and hope to see you in Nashville.
It's been a blast, man. Thanks for having me.
Appreciate it. All right, guys, that was our
episode. If you enjoyed the show, you
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