1 00:00:00,440 --> 00:00:05,560 Yeah, well, Mark Zuckerberg turned the $1.5 trillion giant 2 00:00:05,560 --> 00:00:09,000 Meta into the next MicroStrategy, while Meta 3 00:00:09,000 --> 00:00:13,360 shareholders are now demanding that Facebook considers Bitcoin 4 00:00:13,360 --> 00:00:16,800 on the balance sheet. But let's not forget 4 out of 5 00:00:16,800 --> 00:00:21,200 the seven largest companies have been forced to consider Bitcoin 6 00:00:21,360 --> 00:00:25,400 as a treasury reserve asset in the past 30 days alone. 7 00:00:25,400 --> 00:00:29,200 No one could ignore Microstrategy's performance of 8 00:00:29,200 --> 00:00:32,119 2024. Amazon is being asked by 9 00:00:32,119 --> 00:00:34,440 shareholders to look into Bitcoin. 10 00:00:34,440 --> 00:00:36,960 Tesla owns Bitcoin. A lot of people forget that 11 00:00:37,200 --> 00:00:41,720 Microsoft was forced to sit through a 3 minute presentation 12 00:00:41,840 --> 00:00:46,280 by the Chad Saylor himself, Michael Saylor, on the benefits 13 00:00:46,360 --> 00:00:51,080 of adopting Bitcoin. And now we have a $1.5 trillion 14 00:00:51,080 --> 00:00:54,880 company, Meta being forced to investigate Bitcoin as well. 15 00:00:55,440 --> 00:00:59,280 Why are all these multi trillion dollar giants adopting Bitcoin? 16 00:00:59,280 --> 00:01:02,040 Well, I mentioned it earlier. Does it have to do with the fact 17 00:01:02,040 --> 00:01:06,040 that micro that MicroStrategy now has the 7th largest treasure 18 00:01:06,040 --> 00:01:08,360 in the world? As you can see, we have a lot to 19 00:01:08,360 --> 00:01:11,040 cover today guys. And we haven't even mentioned 20 00:01:11,280 --> 00:01:16,560 Zuckerberg having a goat named Bitcoin and Facebook's 2019 21 00:01:16,560 --> 00:01:19,480 attempt at creating their own cryptocurrency. 22 00:01:19,480 --> 00:01:21,520 Of course you guys remember the Libra thing. 23 00:01:21,720 --> 00:01:26,080 Anyways guys, it's going to be a packed show tons of used to 24 00:01:26,080 --> 00:01:28,240 uncover. I just learned about 25 00:01:29,040 --> 00:01:34,440 Zuckerberg's goat Bitcoin this morning. 26 00:01:34,440 --> 00:01:36,840 Also, Nico, let's let's be clear here. 27 00:01:37,040 --> 00:01:40,120 Let's be clear here. Technically he owns Bitcoin if 28 00:01:40,120 --> 00:01:42,880 it's GOAT. If it's game Bitcoin, well also 29 00:01:42,880 --> 00:01:45,640 also I I've been saying this for a while, it's two goats. 30 00:01:45,640 --> 00:01:49,120 One is named Max and one is named goat or Bitcoin. 31 00:01:49,120 --> 00:01:51,000 Sorry. So literally his two goats 32 00:01:51,000 --> 00:01:53,560 combined is Bitcoin maxi. Like, I don't know. 33 00:01:53,560 --> 00:01:55,720 I don't know. So we're tea leaf reading here. 34 00:01:55,720 --> 00:01:57,920 But anyway, let's get into the story, Nico. 35 00:01:59,400 --> 00:02:00,160 Yeah. All right. 36 00:02:00,160 --> 00:02:04,440 We have lots to, we have lots to unpack, ladies and gentlemen. 37 00:02:04,440 --> 00:02:06,560 So first let's let's go through it. 38 00:02:06,560 --> 00:02:10,240 What are we talking about? Well, again, it seems like no 39 00:02:10,240 --> 00:02:12,640 one could ignore Bitcoins incentives. 40 00:02:12,640 --> 00:02:18,080 This is what we've been talking about for a very, very long time 41 00:02:18,080 --> 00:02:21,520 now, guys. Look, these are public 42 00:02:21,520 --> 00:02:23,480 companies. Public companies are beholden to 43 00:02:23,480 --> 00:02:27,040 their shareholders. Shareholders are looking at what 44 00:02:27,080 --> 00:02:30,760 MicroStrategy did in 2024, one of the best performing stocks, 45 00:02:31,160 --> 00:02:33,840 and they're looking and they're saying like what the F? 46 00:02:33,840 --> 00:02:37,840 Like I understand MicroStrategy, you know, we're Microsoft, like 47 00:02:38,080 --> 00:02:41,960 we have more revenue, we're NVIDIA, we manufacture, you 48 00:02:41,960 --> 00:02:45,040 know, these GPU's that AI uses and gamers use. 49 00:02:45,040 --> 00:02:47,920 Like why is MicroStrategy stock outperforming us? 50 00:02:47,920 --> 00:02:51,320 It doesn't make sense. And that works, you know, 51 00:02:51,320 --> 00:02:55,120 initially, but over time that excuse doesn't work anymore. 52 00:02:55,320 --> 00:02:58,840 So if micro strategy continues to do what we suspect it's going 53 00:02:58,840 --> 00:03:01,200 to do because it's holding a ridiculous amount of Bitcoin, 54 00:03:01,520 --> 00:03:04,760 it's stock should be continuing to head in an upwards 55 00:03:04,760 --> 00:03:08,800 trajectory, right? So eventually something has to 56 00:03:08,800 --> 00:03:13,320 give eventually, you know, the pressure is there eventually 57 00:03:13,320 --> 00:03:17,440 it's an undeniable fact that having Bitcoin on your treasury 58 00:03:17,720 --> 00:03:21,400 is advantageous to not having Bitcoin on your treasury. 59 00:03:21,400 --> 00:03:23,640 So what are we talking about? Here's the headline. 60 00:03:23,640 --> 00:03:28,400 Think tank urges Meta to embrace Bitcoin as a as a treasury 61 00:03:28,400 --> 00:03:30,080 asset. And remember, same thing 62 00:03:30,080 --> 00:03:34,280 happened with Microsoft, same thing happened with Amazon and 63 00:03:34,280 --> 00:03:36,920 now again, another big tech company Meta. 64 00:03:37,120 --> 00:03:40,600 And of course, little known fact that we we all know that Tesla 65 00:03:40,600 --> 00:03:44,400 owns Bitcoin, but also SpaceX owns Bitcoin as well. 66 00:03:44,480 --> 00:03:47,200 So as much as you know, we're not big fans of Elon. 67 00:03:47,200 --> 00:03:50,040 I'm talking about Opti. You know he does. 68 00:03:50,320 --> 00:03:51,800 They do have exposure to Bitcoin. 69 00:03:52,040 --> 00:03:54,960 Anyways. A key think tank wants Meta to 70 00:03:54,960 --> 00:03:58,840 invest part of its $72 billion reserves in Bitcoin. 71 00:03:59,080 --> 00:04:05,840 Bitcoins 124% surge in 2024 is seen as proof it outperforms 72 00:04:05,840 --> 00:04:09,440 traditional assets. Microsoft and Amazon previously 73 00:04:09,440 --> 00:04:13,200 rejected similar proposals due to volatility concerns. 74 00:04:13,480 --> 00:04:17,279 Microstrategy's success with Bitcoin is being used as an 75 00:04:17,279 --> 00:04:19,440 example for Meta. So it's one of the things I was 76 00:04:19,440 --> 00:04:22,720 talking about earlier. So here are the facts. 77 00:04:22,800 --> 00:04:26,520 A conservative think tank is calling on Meta to jump on the 78 00:04:26,520 --> 00:04:29,720 Bitcoin bandwagon. The National Center for Public 79 00:04:29,720 --> 00:04:33,840 Policy Research is urging the company to put part of its $72 80 00:04:33,840 --> 00:04:37,960 billion cash reserves into Bitcoin, arguing it could hedge 81 00:04:37,960 --> 00:04:41,080 against inflation and boost shareholder value. 82 00:04:41,400 --> 00:04:47,400 I mean, think about holding $72 billion in cash and that cash is 83 00:04:47,400 --> 00:04:51,360 just melting away. Like, it would be brutal. 84 00:04:51,360 --> 00:04:52,680 It would be, it would be, it would be bad. 85 00:04:53,120 --> 00:05:00,720 The NCPPR says Bitcoins 124% rise in 2024 makes it a better 86 00:05:00,720 --> 00:05:03,320 option than traditional investments like bonds. 87 00:05:03,480 --> 00:05:06,600 Quote Meta. Shareholders deserve a smarter 88 00:05:06,600 --> 00:05:09,040 asset allocation, the group said in its pitch. 89 00:05:09,440 --> 00:05:11,600 Pitch. Microsoft and Amazon already 90 00:05:11,600 --> 00:05:13,760 said no. The think tank has tried this 91 00:05:13,760 --> 00:05:16,560 before. Last month, it asked Microsoft 92 00:05:16,560 --> 00:05:19,680 to consider Bitcoin, but the company's board shut it down. 93 00:05:19,920 --> 00:05:21,560 Sightings, Bitcoin's price swings. 94 00:05:21,560 --> 00:05:23,920 But we got that sweet video from Sailor. 95 00:05:24,040 --> 00:05:26,280 He absolutely crushed it in three minute, in 3 minutes and 96 00:05:26,280 --> 00:05:28,960 basically said if you don't get adopt it, if you don't adopt 97 00:05:28,960 --> 00:05:30,400 Bitcoin, you're going to get left behind. 98 00:05:31,240 --> 00:05:34,240 I think he's actually, he's going to be absolutely prophetic 99 00:05:34,280 --> 00:05:36,440 in that statement a decade from now. 100 00:05:36,680 --> 00:05:39,280 Anyways, it goes on to say Amazon got a similar proposal 101 00:05:39,520 --> 00:05:43,440 asking the company to put 5% of its balance sheet into Bitcoin. 102 00:05:43,680 --> 00:05:47,280 So far the idea hasn't gained much traction and it's unclear 103 00:05:47,280 --> 00:05:51,640 if it ever if it will even make it to Amazon shareholder meeting 104 00:05:51,640 --> 00:05:53,120 in May. What about meta? 105 00:05:53,240 --> 00:05:57,360 Meta hasn't made big moves in crypto since it's dropped its DM 106 00:05:57,360 --> 00:06:03,080 stablecoin project a while back. While the NCP PPR wants Meta to 107 00:06:03,080 --> 00:06:07,000 take a chance on Bitcoin, it's not clear if the company will be 108 00:06:07,000 --> 00:06:09,680 interested given it's cautious history. 109 00:06:09,920 --> 00:06:13,200 The think tank points to MicroStrategy as a model. 110 00:06:13,440 --> 00:06:17,280 The company has heavily invested in Bitcoin and it's stock has 111 00:06:17,280 --> 00:06:19,960 outperformed giants like Microsoft and Amazon. 112 00:06:20,240 --> 00:06:24,600 MicroStrategy CEO Michael Saylor calls this the Bitcoin 113 00:06:24,600 --> 00:06:28,520 renaissance and has been pushing other companies to get on board. 114 00:06:28,720 --> 00:06:32,680 The bigger picture, whether Meta takes the leap or not, Bitcoins 115 00:06:32,680 --> 00:06:35,040 role in corporate finance is clearly growing. 116 00:06:35,320 --> 00:06:38,000 The fact that these conversations are even happening 117 00:06:38,280 --> 00:06:42,280 shows how far Bitcoin has become and how much further it might 118 00:06:42,280 --> 00:06:44,440 go. I think another thing that will 119 00:06:44,440 --> 00:06:48,280 play a huge role and potentially some of these companies adopting 120 00:06:48,280 --> 00:06:51,920 Bitcoin is the recent election of Donald Trump. 121 00:06:52,160 --> 00:06:56,760 You've seen this complete 180 from the likes of Jeff Bezos. 122 00:06:57,720 --> 00:07:01,360 We're going to play you guys a clip of Mark Zuckerberg on the 123 00:07:01,360 --> 00:07:04,280 Joe Rogan podcast. And it's like all of a sudden 124 00:07:04,280 --> 00:07:07,960 he's like pro freedom and like anti censorship. 125 00:07:07,960 --> 00:07:10,880 Like what's going on there? I don't think it has anything to 126 00:07:10,880 --> 00:07:14,720 do with Zuckerberg fundamentally changing his like his opinion or 127 00:07:14,720 --> 00:07:17,240 his heart. I think it has to do with the 128 00:07:17,240 --> 00:07:19,760 fact that the orange man got elected and now it's 129 00:07:19,800 --> 00:07:22,200 inconvenient to be against censorship. 130 00:07:22,200 --> 00:07:25,120 It's inconvenient to be against freedom. 131 00:07:25,120 --> 00:07:28,800 So, you know, again, like sometimes times things just 132 00:07:28,800 --> 00:07:32,280 happen out of convenience. And you know, if the United 133 00:07:32,280 --> 00:07:36,600 States is bullish on this strategic Bitcoin reserve and 134 00:07:36,600 --> 00:07:39,880 they release an executive order on this strategic Bitcoin 135 00:07:39,880 --> 00:07:44,160 reserve, I mean, there you go. It's pretty convenient for these 136 00:07:44,160 --> 00:07:49,000 big companies to be like, you know what, maybe 5% of our Fiat 137 00:07:49,000 --> 00:07:51,080 treasury isn't such a bad idea, right? 138 00:07:51,080 --> 00:07:53,160 Anyways, here's the clip and then I'll bring opt in. 139 00:07:54,080 --> 00:07:56,840 It's all in the public domain. I mean, basically, these people 140 00:07:56,840 --> 00:08:01,160 from the Biden administration would call up our team and like 141 00:08:01,440 --> 00:08:04,520 scream at them and curse. And it's like these documents 142 00:08:04,520 --> 00:08:07,480 are, it's all kind of out there. Did you record any of those 143 00:08:07,480 --> 00:08:08,800 phone calls? I don't know. 144 00:08:08,800 --> 00:08:11,200 I don't think, I don't think we, but, but I think I want to 145 00:08:11,200 --> 00:08:12,960 listen. I mean, there are emails, the 146 00:08:12,960 --> 00:08:14,960 emails are published. It's all, it's all kind of out 147 00:08:14,960 --> 00:08:19,040 there. And and they're like, and 148 00:08:19,040 --> 00:08:21,160 basically it just got to this point where we were like, no, 149 00:08:21,160 --> 00:08:23,680 we're not going to, we're not going to take down things that 150 00:08:23,680 --> 00:08:25,680 are true. That's ridiculous. 151 00:08:26,200 --> 00:08:28,960 They want us to take down this meme of Leonardo DiCaprio 152 00:08:28,960 --> 00:08:32,799 looking at ATV talking about how 10 years from now or something, 153 00:08:34,120 --> 00:08:36,960 you know, you're going to see an ad that says, OK, if you took a 154 00:08:36,960 --> 00:08:41,120 COVID vaccine, you're eligible, you know, like for, for this 155 00:08:41,120 --> 00:08:44,960 kind of payment, like sort of like class action lawsuit type 156 00:08:44,960 --> 00:08:46,520 meme. And they're like, no, you have 157 00:08:46,520 --> 00:08:48,920 to take that down. We said, no, we're not going to 158 00:08:48,960 --> 00:08:51,520 take take down humor and satire. We're not going to take down 159 00:08:51,520 --> 00:08:56,720 things that are that are true. And then at some point, I guess, 160 00:08:56,720 --> 00:09:00,760 I don't know, flipped a bit. I mean, Biden when he was he 161 00:09:00,760 --> 00:09:03,240 gave some statement at some point, I don't know if it's a 162 00:09:03,240 --> 00:09:05,440 press conference or to some journalists where he basically 163 00:09:05,440 --> 00:09:06,880 was like, these guys are killing people. 164 00:09:07,400 --> 00:09:14,280 And, and, and I don't know, then like all these different 165 00:09:14,280 --> 00:09:16,880 agencies and branches of government basically just like 166 00:09:16,880 --> 00:09:19,200 started investigating coming after our company. 167 00:09:19,200 --> 00:09:20,080 It was. It was brutal. 168 00:09:23,520 --> 00:09:33,640 I mean, bro, brah, brah, you know, it sounds very similar to 169 00:09:34,080 --> 00:09:37,280 what they did to Bitcoin in the Bitcoin industry, right? 170 00:09:37,560 --> 00:09:44,400 This like government is getting in and you know, again, like we, 171 00:09:44,480 --> 00:09:46,720 you guys know how we feel about the whole censorship thing, 172 00:09:46,720 --> 00:09:48,160 about the whole freedom of speech thing. 173 00:09:48,160 --> 00:09:49,520 We feel very passionate about it. 174 00:09:49,800 --> 00:09:54,040 Freedom of speech is the front line for for Bitcoin. 175 00:09:54,960 --> 00:10:03,960 But I would say that I would say that they use the same tactics 176 00:10:03,960 --> 00:10:05,360 to go after the Bitcoin industry. 177 00:10:05,400 --> 00:10:10,880 Like the government reached out to specific actors, specific 178 00:10:10,880 --> 00:10:15,360 banks, and basically told them like, hey, you got to debank the 179 00:10:15,360 --> 00:10:17,640 industry. Crypto isn't good. 180 00:10:18,160 --> 00:10:22,520 And in a way, you can make an argument they arrested some of 181 00:10:22,520 --> 00:10:23,880 the actors that worked in the industry. 182 00:10:23,880 --> 00:10:28,280 It seems like this whole thing about stamping free speech and 183 00:10:28,520 --> 00:10:32,320 stamping alternatives like that was like a a common theme here. 184 00:10:32,960 --> 00:10:35,560 So I guess maybe I'm connecting the dots that aren't there. 185 00:10:35,720 --> 00:10:40,120 But if this trend continues, again, if the US government is 186 00:10:40,120 --> 00:10:43,560 very friendly towards Bitcoin, it kind of creates this 187 00:10:43,560 --> 00:10:46,520 incentive for these companies to look at Bitcoin and say, you 188 00:10:46,520 --> 00:10:50,200 know what, we now know that it's not going to get attacked on a 189 00:10:50,200 --> 00:10:53,520 regulatory, from a regulatory perspective, you know, maybe 190 00:10:53,520 --> 00:10:55,880 it's a good idea to buy some just in case it catches on. 191 00:10:55,880 --> 00:10:58,120 And I'm telling you, it's inevitable that these are 192 00:10:58,120 --> 00:11:00,960 companies, these companies adopt Bitcoin or buy Bitcoin. 193 00:11:01,480 --> 00:11:03,560 It's not a question of if, it's a question of when. 194 00:11:04,680 --> 00:11:07,560 And I don't know, the whole El Salvador thing happened a lot 195 00:11:07,560 --> 00:11:11,040 faster than I anticipated, Opti. So all bets are up here. 196 00:11:11,200 --> 00:11:14,880 Remember when we were like, we were reporting this in 2024, in 197 00:11:14,880 --> 00:11:18,320 the beginning of 2024, bro. And I never forget, like me and 198 00:11:18,320 --> 00:11:20,600 you were talking, we're like, dude, this thing is going to get 199 00:11:20,600 --> 00:11:23,000 political. This is going to enter the the 200 00:11:23,000 --> 00:11:27,240 political discussion by 2028. This is an inevitability. 201 00:11:27,400 --> 00:11:29,200 Like it's just going to happen next cycle. 202 00:11:29,200 --> 00:11:31,800 And then everything happens so fast, Opti And I thought we were 203 00:11:31,800 --> 00:11:34,560 going to go to prison because we weren't going company. 204 00:11:34,920 --> 00:11:38,400 Then we thought we were going to have to move to El Salvador, and 205 00:11:38,400 --> 00:11:42,040 then, you know, boom, it entered into the mainstream discourse 206 00:11:42,040 --> 00:11:45,160 and then boom, Orange man wins the election and now potentially 207 00:11:45,160 --> 00:11:47,360 a strategic Bitcoin reserve. So what I'm trying to make the 208 00:11:47,360 --> 00:11:50,480 argument for is that a lot of things happened very, very 209 00:11:50,480 --> 00:11:54,840 quickly in 2024, and very similar things had happened in 210 00:11:54,840 --> 00:11:56,600 2025 in a very short period of time. 211 00:11:56,640 --> 00:12:00,880 Opti, what's your take? Yeah, well, you know, besides 212 00:12:00,880 --> 00:12:04,280 the fact that Zuck had a great glow up and he does look like 213 00:12:04,280 --> 00:12:07,680 more human here. I'm not really buying this 214 00:12:07,680 --> 00:12:11,280 rebrand at all. I I do like that this 215 00:12:11,280 --> 00:12:14,000 conversation is happening. We've seen a lot of people go up 216 00:12:14,000 --> 00:12:16,160 on Joe Rogan. Actually, there was a funny meme 217 00:12:16,160 --> 00:12:20,200 of essentially that like going on Joe Rogan is, is the new form 218 00:12:20,200 --> 00:12:22,840 of absolution where the people come up, you know, they talk 219 00:12:22,840 --> 00:12:25,760 about their mistakes, they talk about their, their bad history. 220 00:12:26,120 --> 00:12:29,120 And since they're talking with Joe, the, the new Pope of 221 00:12:29,120 --> 00:12:32,240 podcast is they're, you know, they're free of their previous 222 00:12:32,240 --> 00:12:35,400 sins. Now, maybe this is kind of 223 00:12:35,400 --> 00:12:38,600 what's happening. Look, I do hold some space for 224 00:12:38,600 --> 00:12:41,040 redemption. I, I do believe in redemption 225 00:12:41,040 --> 00:12:44,880 and I do believe in people kind of having, for lack of better 226 00:12:44,880 --> 00:12:47,560 terms, epiphany and changing their views, their world views, 227 00:12:47,560 --> 00:12:48,960 because Bitcoin's done that for me. 228 00:12:48,960 --> 00:12:51,640 And now I'm not saying necessarily that this is what 229 00:12:51,640 --> 00:12:54,120 Zuckerberg is doing. I, I, again, like I said, I'm 230 00:12:54,120 --> 00:12:58,320 not completely sold on Mark Zuckerberg's rebrand here. 231 00:12:58,320 --> 00:13:01,560 I think he is literally doing that a rebrand because he sees 232 00:13:01,560 --> 00:13:04,200 the writing on the wall. Remember, you know, Facebook is 233 00:13:04,200 --> 00:13:06,200 a bigger social media platform than Twitter. 234 00:13:06,360 --> 00:13:09,240 So he sees where the wind is going, you know, sees the tide 235 00:13:09,240 --> 00:13:10,840 turning. And so he's trying to get ahead 236 00:13:10,840 --> 00:13:13,040 of this. Now, like a lot of people, maybe 237 00:13:13,040 --> 00:13:17,160 just it's very cynical is on Twitter saying that like, if, 238 00:13:18,000 --> 00:13:22,200 if, if Trump didn't win, I don't think that any of these tech 239 00:13:22,200 --> 00:13:25,480 oligarchs from social media or Silicon Valley, specifically 240 00:13:25,480 --> 00:13:27,800 Zuck himself would even come out and mention this stuff. 241 00:13:27,800 --> 00:13:30,200 Obviously, it would be a totally different administration. 242 00:13:30,200 --> 00:13:33,640 It wouldn't be the the favorable soil to come out and talk about 243 00:13:33,640 --> 00:13:36,360 this this. So it does seem a little 244 00:13:36,360 --> 00:13:39,280 coincidental, you know, for lack of better terms here. 245 00:13:39,400 --> 00:13:43,320 It seems like maybe for me, maybe I'm being cynical and and 246 00:13:43,320 --> 00:13:46,440 a bit pessimistic here seems a little too little too late at 247 00:13:46,440 --> 00:13:49,160 this point considering all of the damage that's been done 248 00:13:49,160 --> 00:13:52,240 since, you know, the infamous year of 2020. 249 00:13:52,560 --> 00:13:56,000 And it is very interesting that this is happening now. 250 00:13:56,000 --> 00:13:58,160 That's just like my Zuck rebrand take here. 251 00:13:58,160 --> 00:13:59,760 You know, I'm not really buying it. 252 00:14:00,120 --> 00:14:02,960 And we're seeing that a lot of tech people from Silicon Valley, 253 00:14:02,960 --> 00:14:06,200 little tech, et cetera, are kind of coming out and doing a very 254 00:14:06,200 --> 00:14:08,440 similar dance. We're like, oh, I've had this 255 00:14:08,440 --> 00:14:10,720 great epiphany. Now I've realized the error of 256 00:14:10,720 --> 00:14:13,880 my ways. And it just seems like, you 257 00:14:13,880 --> 00:14:15,240 know, a little too coincidental for me. 258 00:14:15,240 --> 00:14:18,160 So I'm personally not necessarily buying Zuck's full 259 00:14:18,160 --> 00:14:19,800 rebrand. Like he's based, you know, 260 00:14:19,800 --> 00:14:23,080 obviously he's doing jiu jitsu, he's taking TRT. 261 00:14:23,240 --> 00:14:27,440 And I did kind of troll, like maybe maybe mandated TRT is the 262 00:14:27,440 --> 00:14:29,440 way that we really make America great again. 263 00:14:30,040 --> 00:14:33,720 But it is, it is funny seeing Bezos kind of run out and 264 00:14:33,840 --> 00:14:36,560 something similar. He gets jacked, you know, his, 265 00:14:36,640 --> 00:14:40,320 his, his personal views, his world views change a little bit. 266 00:14:40,520 --> 00:14:43,680 So again, I am leaving some redemption out here for, for 267 00:14:43,680 --> 00:14:47,160 people like Zuck, even though I would say that he did a lot of 268 00:14:47,160 --> 00:14:50,120 damage in the last four years. And now again, maybe he is 269 00:14:50,120 --> 00:14:53,080 having epiphany and maybe I'm being cynical here now moving 270 00:14:53,080 --> 00:14:56,600 forward from the Zuck rebrand. Obviously when you look at the 271 00:14:56,600 --> 00:15:00,200 data, considering what we saw in 2024, considering what we saw 272 00:15:00,800 --> 00:15:04,320 Micro strategy do, what we saw Metaplanet do, they are the best 273 00:15:04,320 --> 00:15:07,720 performing stocks basically in the stock market. 274 00:15:07,720 --> 00:15:10,840 All they really did was add Bitcoin to their balance sheet. 275 00:15:10,840 --> 00:15:15,640 Now I love seeing the fact that Meta shareholders are basically 276 00:15:15,640 --> 00:15:18,560 kind of forcing Meta to even have these conversations. 277 00:15:18,560 --> 00:15:22,400 We saw this happen with Micro Microsoft and obviously we all 278 00:15:22,400 --> 00:15:23,920 know what happened with the Microsoft vote. 279 00:15:23,920 --> 00:15:26,120 They they voted it down. I think it, I forget what it 280 00:15:26,120 --> 00:15:30,600 was, but it was like something ridiculous like .01% of the 281 00:15:30,600 --> 00:15:34,400 voters or something, some tiny, you know, a very, very minuscule 282 00:15:34,400 --> 00:15:39,040 amount of the shareholders voted in favor of a Bitcoin strategy. 283 00:15:39,280 --> 00:15:42,200 And now we're seeing that this is being forced on Meta. 284 00:15:42,200 --> 00:15:46,240 And so obviously on the Bitcoin front, it would be huge news if 285 00:15:46,240 --> 00:15:50,080 Meta adopted a Bitcoin strategy, considering their long history 286 00:15:50,080 --> 00:15:52,600 of trying to do the Libra token, you know, create their own 287 00:15:52,600 --> 00:15:56,040 digital currency, etcetera. So I think that would be huge 288 00:15:56,040 --> 00:15:59,160 news and not not necessarily just for us in, you know, number 289 00:15:59,160 --> 00:16:02,520 go up sense, but for legitimizing Bitcoin to the 290 00:16:02,520 --> 00:16:04,080 masses. And of course, a lot of 291 00:16:04,080 --> 00:16:06,480 Bitcoiners are cynical on that front, like, oh, we don't need 292 00:16:06,480 --> 00:16:08,560 these people. Bitcoin's going to do it saying 293 00:16:08,600 --> 00:16:12,760 I, I totally agree. But if people, average people 294 00:16:13,120 --> 00:16:15,960 start to hear that, oh wait, Meadows adding Bitcoin to their 295 00:16:15,960 --> 00:16:18,120 balance sheet, maybe I should do this. 296 00:16:18,120 --> 00:16:22,040 They have been a tech forward company and maybe this is where 297 00:16:22,040 --> 00:16:25,840 the future is going. So if they do actually propose 298 00:16:25,840 --> 00:16:28,960 this, I think that would be huge and it would really go into the 299 00:16:28,960 --> 00:16:32,520 narrative we've been talking about for 2025 that we think is 300 00:16:32,520 --> 00:16:36,280 going to happen, which is we are going to see these huge tech 301 00:16:36,280 --> 00:16:39,280 companies, whether it's Apple, Facebook, Amazon, etcetera, 302 00:16:39,280 --> 00:16:41,440 start to start to dabble into Bitcoin. 303 00:16:41,440 --> 00:16:44,720 So even if it's an insignificant portion of the reserves going 304 00:16:44,720 --> 00:16:47,760 into Bitcoin, that would be a huge news story. 305 00:16:47,760 --> 00:16:50,640 And so it is very interesting when you kind of connect all 306 00:16:50,640 --> 00:16:53,880 these dots, like, you know, Zuck's going more based, he's 307 00:16:53,880 --> 00:16:57,320 listening to the people, you know, he's doing jiu jitsu, he's 308 00:16:57,320 --> 00:16:59,720 got a fresh haircut, he's wearing a chain. 309 00:16:59,840 --> 00:17:03,640 His goats are named Bitcoin and Max, like Bitcoin Maxi. 310 00:17:03,960 --> 00:17:07,160 I would speculate that he owns some Bitcoin now. 311 00:17:07,160 --> 00:17:10,359 It would be huge if he did add Bitcoin to the balance sheet, 312 00:17:10,359 --> 00:17:13,160 considering that they have dabbled in and you know, quote 313 00:17:13,160 --> 00:17:14,839 UN quote digital currencies in the past. 314 00:17:14,839 --> 00:17:17,000 So it is something to keep an eye on. 315 00:17:17,119 --> 00:17:20,440 We'll see if they actually do do a vote on this, and it would be 316 00:17:20,440 --> 00:17:24,560 huge if they do pass it. Optia, do we become meta fans? 317 00:17:25,480 --> 00:17:27,160 No, I I still don't have a Facebook are. 318 00:17:28,720 --> 00:17:31,880 We like. I did my Facebook years ago. 319 00:17:31,880 --> 00:17:34,000 I don't have it. I don't want to get on there. 320 00:17:34,000 --> 00:17:35,680 But you know, they're the digital trenches. 321 00:17:35,680 --> 00:17:37,720 Maybe some of us should go back to Facebook. 322 00:17:37,720 --> 00:17:39,920 Maybe it's a safer? Place for us Bitcoin is what 323 00:17:40,080 --> 00:17:43,440 what would happen. You know I'm a super fan of of 324 00:17:43,680 --> 00:17:48,760 of course, YouTube and you know obviously, but rumble as well 325 00:17:49,680 --> 00:17:52,040 you know did did you have to look over your shoulder? 326 00:17:52,040 --> 00:17:55,960 No, I, I heard, I heard, I heard, I heard my name and I'm 327 00:17:55,960 --> 00:18:00,000 like who said that? But it wasn't directed towards 328 00:18:00,000 --> 00:18:01,600 me. But the point I'm trying to make 329 00:18:01,600 --> 00:18:04,960 is like the Rumble news is, is, is massive. 330 00:18:04,960 --> 00:18:08,200 Like that partnership with Tether is huge. 331 00:18:08,200 --> 00:18:13,840 Like the the CEO of Rumble was talking about like potentially, 332 00:18:13,840 --> 00:18:17,720 you know, integrating Bitcoin payments into the platform like 333 00:18:18,080 --> 00:18:20,200 that, that's massive, that's huge. 334 00:18:20,440 --> 00:18:25,920 So again, like, I think this trend is going to continue. 335 00:18:25,960 --> 00:18:28,800 And if you don't believe me because it's never happened 336 00:18:28,800 --> 00:18:32,280 before, and I get it because when something's never happened 337 00:18:32,280 --> 00:18:35,240 before, it's like very difficult to like, you know, compare in 338 00:18:35,240 --> 00:18:37,160 your head what you can compare it to. 339 00:18:37,320 --> 00:18:40,920 But remember what happened with El Salvador when they made 340 00:18:40,920 --> 00:18:43,080 Bitcoin legal tender? Remember what happened with 341 00:18:43,080 --> 00:18:46,360 Michael Saylor at the Bitcoin conference at Bitcoin 2021? 342 00:18:46,600 --> 00:18:49,840 Remember what happened with the Treasury adoption? 343 00:18:50,080 --> 00:18:52,080 What remember what happened with the nation state adoption? 344 00:18:52,120 --> 00:18:53,840 Remember what happened with all these things? 345 00:18:54,320 --> 00:18:56,920 Like it just happened so quickly. 346 00:18:56,920 --> 00:18:59,480 It just happened all of a sudden out of nowhere. 347 00:18:59,480 --> 00:19:03,640 Like we went from Oh my God, we have to move to El Salvador to 348 00:19:03,800 --> 00:19:07,560 Trump literally dropping Bitcoin by name at Bitcoin at, at at the 349 00:19:07,560 --> 00:19:10,080 Libertarian conference. I'm going to free Ross like with 350 00:19:10,080 --> 00:19:14,320 his hands, you know, like it happened super, super quick, 351 00:19:14,560 --> 00:19:16,720 right? So that's all I'm saying is like 352 00:19:16,760 --> 00:19:19,920 in this industry and because of this asset, because it's the 353 00:19:19,920 --> 00:19:23,400 best asset in the world, things happen very, very quickly. 354 00:19:24,120 --> 00:19:26,760 Anyways, guys, before we jump into the show, I do want to give 355 00:19:26,760 --> 00:19:29,080 a shout out to simply Bitcoins lead sponsor. 356 00:19:29,080 --> 00:19:30,520 Of course, I'm talking about Bitcoin. 357 00:19:30,520 --> 00:19:32,720 Well, Bitcoin was the best place to build your automatic self 358 00:19:32,720 --> 00:19:34,840 custody Bitcoin stack. 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Paper sucks. 395 00:21:36,240 --> 00:21:40,200 You want to literally stamp your seed into this plate of 396 00:21:40,360 --> 00:21:43,000 titanium. Your words are actually stamped 397 00:21:43,000 --> 00:21:47,080 into the metal plate with this hammer, so once your words are 398 00:21:47,080 --> 00:21:51,160 in, they aren't going anywhere. No risk of the plate breaking 399 00:21:51,160 --> 00:21:53,880 apart and your pieces falling everywhere. 400 00:21:54,120 --> 00:21:57,440 Titanium stamp seeds will survive nearly triple the heat 401 00:21:57,600 --> 00:22:00,960 produced by a house fire. They are also crush proof, 402 00:22:01,120 --> 00:22:05,160 waterproof, non corrosive, and most importantly because this is 403 00:22:05,160 --> 00:22:10,480 generational wealth, time, proof, all things that paper is 404 00:22:10,640 --> 00:22:15,000 not allowing you to huddle your Bitcoin for the long haul. 405 00:22:15,040 --> 00:22:19,080 I mean here, here is the plate that they crushed, they put in 406 00:22:19,080 --> 00:22:21,280 water, they put a blowtorch to it. 407 00:22:21,280 --> 00:22:24,320 And as you can see, the words have survived. 408 00:22:24,520 --> 00:22:29,240 Stamp your seed on stamp seed and you can use promo code 409 00:22:29,240 --> 00:22:33,000 simply to get 15% off anything on their store. 410 00:22:36,160 --> 00:22:40,280 All right, everybody, before we jump into it, I do want to talk 411 00:22:40,280 --> 00:22:43,840 about something because it was, it was quite interesting. 412 00:22:43,840 --> 00:22:49,080 So again, terrible, terrible news coming out of Los Angeles. 413 00:22:49,080 --> 00:22:54,600 You know, again, very highly urban area, lots of people, you 414 00:22:54,600 --> 00:22:57,480 know, lots of people there. You know, I actually have a 415 00:22:57,480 --> 00:23:00,480 friend who, you know, he lost his house during the fire and 416 00:23:00,480 --> 00:23:03,360 it's absolutely tragic. But the reason I'm bringing all 417 00:23:03,360 --> 00:23:08,200 this up is again, like, I don't think you would have expected 418 00:23:08,200 --> 00:23:12,440 this for this to happen, right? So things happen, you know, 419 00:23:12,480 --> 00:23:15,760 catastrophes happen and it's very sad. 420 00:23:15,760 --> 00:23:19,240 It's very terrible. And again, Bitcoin is self 421 00:23:19,240 --> 00:23:21,320 custodial, right? If you're taking Bitcoin into 422 00:23:21,320 --> 00:23:23,600 self custody, you have to think about it. 423 00:23:23,680 --> 00:23:26,720 You know, is like if you write, if you wrote down your seed 424 00:23:26,720 --> 00:23:31,920 words on paper, you know, it probably would not have survived 425 00:23:31,920 --> 00:23:34,280 the fire, right, If there was a fire. 426 00:23:34,440 --> 00:23:37,640 So again, when we talk about these things, right, whether 427 00:23:37,640 --> 00:23:41,200 it's stamp seed or whatever, of course, you know, they're 428 00:23:41,200 --> 00:23:44,680 sponsor of the show, but we also want to give you, we also want 429 00:23:44,680 --> 00:23:48,400 to highlight products that will help you guys truly become 430 00:23:48,400 --> 00:23:52,280 sovereign individuals and properly secure your seed words, 431 00:23:52,280 --> 00:23:53,960 right? So I just wanted to mention that 432 00:23:53,960 --> 00:23:57,440 again, you could use promo code simply get 15% off anything on 433 00:23:57,440 --> 00:23:59,920 their store. Go to stampse-ed.com today. 434 00:24:00,000 --> 00:24:03,520 Stamp your seed onto titanium. Don't write down your seed words 435 00:24:03,760 --> 00:24:06,680 on paper. yen paper. Big no, no. 436 00:24:06,960 --> 00:24:08,560 All right. At the time of recording, the 437 00:24:08,560 --> 00:24:16,320 Bitcoin price is $91,830. Block height 879,098 sats per 438 00:24:16,320 --> 00:24:21,640 dollar. 1089 market cap 1.82 trillion Bitcoin versus gold 439 00:24:21,640 --> 00:24:27,800 market cap 9.82% Percentage issued 94.33% Decline from all 440 00:24:27,800 --> 00:24:34,120 time high -15.3% Realized monetary inflation 1.08%. 441 00:24:34,120 --> 00:24:36,440 I mean that decline from all time high. 442 00:24:36,600 --> 00:24:38,560 Ouch bro Ouch. That's what I got to say about 443 00:24:38,560 --> 00:24:43,800 that. Anyways, here is here is Natalie 444 00:24:43,800 --> 00:24:47,040 Burnell talking to Mads Michael Saylor. 445 00:24:47,040 --> 00:24:48,760 They did a great podcast recently. 446 00:24:49,280 --> 00:24:52,320 They're at Sailor's House and here's Sailor essentially 447 00:24:52,320 --> 00:24:56,840 explaining to Natalie how Bitcoin is demonetizing real 448 00:24:56,840 --> 00:24:58,720 estate. Now, the reason I believe is a a 449 00:24:58,720 --> 00:25:02,480 big topic, especially if you are part of the younger generation, 450 00:25:02,640 --> 00:25:05,080 you know, whether you're a millennial or a zoomer, right? 451 00:25:05,200 --> 00:25:09,200 You know, the, the housing situation is quite interesting, 452 00:25:09,240 --> 00:25:10,720 right? It's very, very expensive. 453 00:25:11,200 --> 00:25:14,440 Most people are renting, but you know, it's, it's like, it's 454 00:25:14,440 --> 00:25:16,600 like, will I ever own anything? Right? 455 00:25:16,600 --> 00:25:18,320 Like that's kind of like the situation. 456 00:25:18,320 --> 00:25:20,520 Then you have to ask yourself, why did that happen? 457 00:25:20,520 --> 00:25:22,960 Well, that's one of the things that Fiat broke. 458 00:25:22,960 --> 00:25:25,200 Anyways. Here is Michael Seeler talking 459 00:25:25,200 --> 00:25:27,120 about the topic and then me and Opti will talk about it. 460 00:25:28,280 --> 00:25:32,840 I know wealthy people. They own 16 estates on the 461 00:25:32,840 --> 00:25:36,120 Eastern Shore and they live in two of them. 462 00:25:36,560 --> 00:25:39,320 Like why do they buy them? They land banking. 463 00:25:39,760 --> 00:25:41,480 What does that mean? Well, the guy makes a lot of 464 00:25:41,480 --> 00:25:44,280 money every year and he and he doesn't want to put it in a 465 00:25:44,360 --> 00:25:46,680 savings account. So he goes and he just buys a 466 00:25:46,680 --> 00:25:49,520 cool piece of property and he buys another one. 467 00:25:50,160 --> 00:25:53,040 Well, OK, it sounds good, but here's the problem. 468 00:25:53,320 --> 00:25:56,480 The guy buys up the beautiful pieces of property and you so 469 00:25:56,480 --> 00:26:00,320 you can't afford it. And if the guy, if the rich guy 470 00:26:00,320 --> 00:26:02,680 wasn't buying up all the beautiful houses, they would 471 00:26:02,680 --> 00:26:05,760 cost half as much and you could live in a beautiful house. 472 00:26:06,040 --> 00:26:09,640 So here's what happens. Some rich dude has 27 houses 473 00:26:09,640 --> 00:26:12,440 that are empty. You don't have a beautiful 474 00:26:12,440 --> 00:26:15,960 house. You have a family, your kids, 475 00:26:15,960 --> 00:26:17,920 your dog could use the beautiful house. 476 00:26:18,280 --> 00:26:20,480 The rich dude doesn't even want the house. 477 00:26:21,040 --> 00:26:25,440 He just wants a long term capital preservation strategy, 478 00:26:26,560 --> 00:26:28,800 right? And so that's a prefer, a 479 00:26:28,800 --> 00:26:34,400 perverse incentive and a distorted economy that's broken, 480 00:26:34,840 --> 00:26:38,120 that's broken money. That's because the rich dude is 481 00:26:38,120 --> 00:26:42,240 using an estate on the Eastern Shore of Maryland as a Piggy 482 00:26:42,240 --> 00:26:45,960 Bank, Huh. But the estate doesn't get 483 00:26:46,040 --> 00:26:48,120 renovated. The house is falling down. 484 00:26:48,120 --> 00:26:51,920 There's a beautiful pool on the water, and you could have a 485 00:26:51,920 --> 00:26:54,760 great family picnic there every Sunday. 486 00:26:54,760 --> 00:26:57,680 But it's not going to happen because the rich dude has 16 487 00:26:57,680 --> 00:27:00,040 other houses. He just bought that house 488 00:27:00,040 --> 00:27:06,480 because he thought it was so I mean like Opti, like I think 489 00:27:06,480 --> 00:27:09,160 this is something that our entire generation has lived 490 00:27:09,160 --> 00:27:12,520 through. We've experienced it and you 491 00:27:12,520 --> 00:27:15,160 know, it's it's quite unfortunate man, Like how 492 00:27:15,200 --> 00:27:19,160 essentially because you're essentially too forced to become 493 00:27:19,160 --> 00:27:22,600 a part time investor just to maintain your purchasing power 494 00:27:22,840 --> 00:27:26,120 in the Fiat system. It's like over financialized 495 00:27:26,120 --> 00:27:28,680 real estate, right? Like I think Sailor hit the nail 496 00:27:28,680 --> 00:27:30,320 on the head there. He's like explaining, he's like, 497 00:27:30,320 --> 00:27:33,080 This is why you can't afford anything Because like, if you 498 00:27:33,080 --> 00:27:38,040 have wealth, you're looking at real estate as a way to maintain 499 00:27:38,040 --> 00:27:41,920 your purchasing power. Where in reality, if the money 500 00:27:42,160 --> 00:27:46,080 was was working, if the money was fixed, you wouldn't look at 501 00:27:46,080 --> 00:27:49,680 real estate as an investment. In fact, real estate would be a 502 00:27:49,680 --> 00:27:52,520 bad investment because you have to pay property taxes. 503 00:27:52,680 --> 00:27:54,400 You have to maintain the property, right? 504 00:27:54,400 --> 00:27:56,760 Like there's a sunk cost there, right? 505 00:27:56,760 --> 00:28:00,240 Withholding Bitcoin in cold storage and doing it for a long 506 00:28:00,240 --> 00:28:03,120 period of time, you don't have to pay maintenance your cold 507 00:28:03,120 --> 00:28:05,960 storage Bitcoin. You don't have to pay, at least 508 00:28:05,960 --> 00:28:09,440 not yet, property tax on your cold storage. 509 00:28:09,520 --> 00:28:12,080 I'm sure they'll try to pass some type of law in the future 510 00:28:12,080 --> 00:28:14,680 regarding that, but at least not yet. 511 00:28:14,680 --> 00:28:16,960 That's not the case. So, you know, it's clearly a 512 00:28:16,960 --> 00:28:18,960 better investment. I think the last five years has 513 00:28:18,960 --> 00:28:20,320 shown that. Opti, what's your take? 514 00:28:21,440 --> 00:28:24,920 Yeah, well, I really like how Saylor talks about this. 515 00:28:24,920 --> 00:28:28,160 Obviously, I'm sure his friends are a lot richer than our 516 00:28:28,160 --> 00:28:30,480 friends out here. So, you know, our friends aren't 517 00:28:30,480 --> 00:28:33,520 buying multiple really nice houses in real estate to 518 00:28:33,520 --> 00:28:37,840 preserve their capital. But it is a a current theme 519 00:28:37,840 --> 00:28:40,360 going on for a lot of people. And I think many people 520 00:28:40,360 --> 00:28:42,320 understand this. And obviously on the flip side, 521 00:28:42,320 --> 00:28:43,720 many people don't understand this. 522 00:28:43,720 --> 00:28:45,880 And so it's good that we continue to stress this point, 523 00:28:46,120 --> 00:28:49,360 as a lot of Bitcoiners say all the time on and on Twitter or 524 00:28:49,360 --> 00:28:52,560 even on the show in general, everything is trending to zero 525 00:28:52,560 --> 00:28:54,800 against Bitcoin. And right now, if if you 526 00:28:54,800 --> 00:28:57,560 understand how the Fiat system works, if you understand how to 527 00:28:57,560 --> 00:29:01,040 preserve your capital, then obviously you save your wealth 528 00:29:01,120 --> 00:29:04,080 in the majority of assets. This is why the rich keep 529 00:29:04,080 --> 00:29:07,160 getting rich is because all of their wealth are in assets. 530 00:29:07,160 --> 00:29:09,680 And as they print more money, that means their net worth is 531 00:29:09,680 --> 00:29:12,320 going up. And so we're seeing right now 532 00:29:12,480 --> 00:29:17,000 there is this very real trend right now that a lot of houses, 533 00:29:17,000 --> 00:29:19,920 a lot of real estate are being bought up simply to preserve 534 00:29:19,920 --> 00:29:21,640 capital. I know there's, there's been 535 00:29:21,640 --> 00:29:24,280 memes going around on Twitter about some of the, you know, 536 00:29:24,280 --> 00:29:27,400 the, the most expensive places, like even in Manhattan, 537 00:29:27,400 --> 00:29:29,320 etcetera. And they're just, they're just 538 00:29:29,320 --> 00:29:31,600 sitting there and no one's living in them because people 539 00:29:31,600 --> 00:29:33,040 are using them to preserve the capital. 540 00:29:33,040 --> 00:29:36,120 Well, now we have something better, at least I would argue 541 00:29:36,120 --> 00:29:38,160 it's better. Obviously I don't have, you 542 00:29:38,160 --> 00:29:41,560 know, 3, multiple different houses and, and different 543 00:29:41,560 --> 00:29:44,200 jurisdictions on the beach, etcetera, in the mountains and 544 00:29:44,200 --> 00:29:46,960 all that good stuff. But you're seeing that this is 545 00:29:46,960 --> 00:29:49,120 the game that's being played. And if you don't have the 546 00:29:49,120 --> 00:29:53,200 capital to preserve your capital in houses, etcetera, or yachts 547 00:29:53,200 --> 00:29:56,840 or nice cars or whatever status symbol you want to use, you are 548 00:29:56,840 --> 00:30:00,640 being left out of the game. And this is obviously having a 549 00:30:00,720 --> 00:30:02,960 detrimental effect on the middle class. 550 00:30:02,960 --> 00:30:05,160 Most people are striving to get a house. 551 00:30:05,160 --> 00:30:08,200 I've I've kind of relegated myself to the idea that I might 552 00:30:08,200 --> 00:30:10,320 not ever own a house. And you know, I'm going to own 553 00:30:10,320 --> 00:30:13,800 nothing and be happy apparently. But This is why I think Bitcoin 554 00:30:13,800 --> 00:30:16,160 is going to help all of us, especially the middle class. 555 00:30:16,160 --> 00:30:18,360 And shout out to brand. We had him on the other day and 556 00:30:18,360 --> 00:30:20,160 he was talking about Bitcoin for millennials. 557 00:30:20,160 --> 00:30:23,480 And I really find hilarious that a lot of millennials people our 558 00:30:23,480 --> 00:30:27,640 age are very against Bitcoin. You know, obviously they they 559 00:30:27,640 --> 00:30:30,480 bit into the propaganda against Bitcoin or the FUD. 560 00:30:30,760 --> 00:30:34,320 And it's really our last hope. Like this is the only hope we 561 00:30:34,320 --> 00:30:38,160 have to actually acquire the for us in America, you know, the 562 00:30:38,160 --> 00:30:40,800 American dream, the white pig at home, you know, build a family, 563 00:30:40,800 --> 00:30:42,960 etcetera. And so many people right now are 564 00:30:42,960 --> 00:30:46,840 hurting and it, it really is crazy to see what the effects of 565 00:30:46,840 --> 00:30:49,120 Fiat money are on your psychology. 566 00:30:49,120 --> 00:30:52,720 And if you never have the hope of owning a house, if you can't 567 00:30:52,720 --> 00:30:57,520 pay for building a family, this stuff has a psychological effect 568 00:30:57,520 --> 00:30:59,800 on humanity. And we're seeing these effects 569 00:30:59,800 --> 00:31:01,400 play out in real time. And a lot of people are 570 00:31:01,400 --> 00:31:04,840 nihilistic and pessimistic and not hopeful about the future. 571 00:31:05,000 --> 00:31:08,040 And all of us Bitcoiners are like, well, there is a fix here. 572 00:31:08,800 --> 00:31:11,400 The real estate is going to get demonetized. 573 00:31:11,400 --> 00:31:14,720 And maybe it's not in the next year or five years, maybe it's 574 00:31:14,720 --> 00:31:17,440 the next decade or two. But it is happening in real 575 00:31:17,440 --> 00:31:18,800 time. And we're seeing it happen in 576 00:31:18,800 --> 00:31:21,120 real time. And if you price your life in 577 00:31:21,120 --> 00:31:23,920 Bitcoin, houses do become more affordable. 578 00:31:24,000 --> 00:31:26,880 The meme of like, I forget what the numbers are specifically, 579 00:31:27,160 --> 00:31:29,600 but the meme of that goes around all the time. 580 00:31:29,600 --> 00:31:32,560 You know, houses used to cost 45 Bitcoin, now they cost 6 581 00:31:32,560 --> 00:31:34,800 Bitcoin. And I'm venturing in maybe four 582 00:31:34,800 --> 00:31:37,440 to five years, it's going to be one or two Bitcoin, who knows, 583 00:31:37,440 --> 00:31:39,360 maybe 3 Bitcoin, I don't know. I don't know what it is. 584 00:31:39,360 --> 00:31:42,640 But we all know that this is a game, or rather anyone that 585 00:31:42,640 --> 00:31:46,080 understands how the Fiat system works understand that this is 586 00:31:46,080 --> 00:31:48,320 the game. You cannot hold dollars, hence 587 00:31:48,320 --> 00:31:50,520 the sailor meme of melting ice cubes. 588 00:31:50,560 --> 00:31:53,840 If you are saving in dollars or cash equivalents, you are losing 589 00:31:53,840 --> 00:31:57,760 purchasing power year over year. And so you need to go into hard 590 00:31:57,760 --> 00:32:00,960 assets. Historically that would have 591 00:32:00,960 --> 00:32:05,160 been real estate or gold or, you know, super yachts or whatever 592 00:32:05,200 --> 00:32:07,920 you can buy. But for most of us, it's 593 00:32:07,920 --> 00:32:10,080 Bitcoin. You can buy, you know, as little 594 00:32:10,080 --> 00:32:13,320 as one penny into Bitcoin. Obviously, you need to buy as 595 00:32:13,320 --> 00:32:16,600 much Bitcoin as possible to eventually get yourself into a 596 00:32:16,600 --> 00:32:19,440 position where you can buy yourself some real estate or you 597 00:32:19,440 --> 00:32:23,160 know, for the family, etcetera. But we have a fix. 598 00:32:23,160 --> 00:32:25,120 There is a solution. People understand what the 599 00:32:25,120 --> 00:32:27,640 problem is, and it's the fact that they're expanding the money 600 00:32:27,640 --> 00:32:30,880 supply which is making us all poorer, which means you need to 601 00:32:30,880 --> 00:32:33,800 hold assets and the most available hard asset for 602 00:32:33,800 --> 00:32:37,960 everyone out there is Bitcoin. So hey, if you aren't saving in 603 00:32:37,960 --> 00:32:40,760 Bitcoin, you might want to get some because it looks like 604 00:32:40,920 --> 00:32:43,600 Bitcoin is demonetizing everything. 605 00:32:43,600 --> 00:32:46,360 All roads lead to Bitcoin and everything is going to zero 606 00:32:46,360 --> 00:32:48,040 against Bitcoin. Amen. 607 00:32:48,040 --> 00:32:51,120 Beautifully, beautifully said. And I would just just a comment 608 00:32:51,120 --> 00:32:53,840 about the, the, the, the house thing, right? 609 00:32:54,160 --> 00:32:59,600 I mean, again, like for my generation, I think it's been me 610 00:32:59,600 --> 00:33:01,720 and Opti's generation, the millennial generation and the 611 00:33:01,720 --> 00:33:04,840 zoomer generation. Like it's, it's just crazy. 612 00:33:04,840 --> 00:33:08,200 Like it's nuts, right? Like we're the 1st generation 613 00:33:08,200 --> 00:33:10,680 that I would say we feel poorer than our parents. 614 00:33:11,120 --> 00:33:15,600 And again, it's not because the system is broken or markets are 615 00:33:15,600 --> 00:33:18,520 broken or because we need more government intervention or any 616 00:33:18,520 --> 00:33:20,440 of that. It's literally because the money 617 00:33:20,440 --> 00:33:23,320 is broken. The money is like it's, it's 618 00:33:23,720 --> 00:33:28,400 forcing people to it, it, it's just messing everything up, 619 00:33:28,400 --> 00:33:29,880 right? Whether it's the food Sailor 620 00:33:29,880 --> 00:33:33,640 just explained exactly why housing prices are are as high 621 00:33:33,640 --> 00:33:36,360 as they are because you don't have a choice, right? 622 00:33:36,520 --> 00:33:41,960 Like if you had a choice between parking your, you know, excess 623 00:33:41,960 --> 00:33:45,880 wealth in Bitcoin versus parking your excess wealth in something 624 00:33:45,880 --> 00:33:49,880 else, I would say the vast majority of people over time are 625 00:33:49,880 --> 00:33:52,720 going to park their excess wealth in Bitcoin. 626 00:33:53,040 --> 00:33:56,120 And then of course, that's going to demonetize Bitcoin over time. 627 00:33:56,440 --> 00:33:59,520 And then that kind of fixes the whole housing situation. 628 00:33:59,520 --> 00:34:02,320 Like that's why housing is, you know, I would say, so 629 00:34:02,320 --> 00:34:04,800 unaffordable. It's not because like 630 00:34:04,800 --> 00:34:08,840 technically the world has gotten richer in the last 20 or 30 631 00:34:08,840 --> 00:34:11,760 years, but no ones really seen that, right? 632 00:34:11,760 --> 00:34:16,520 So again, it's, it's Fiat money. It's it, it messes up all the 633 00:34:16,520 --> 00:34:18,880 ways that you can analyze the numbers. 634 00:34:18,880 --> 00:34:21,440 It, it just, it kind of messes everything up, right? 635 00:34:21,760 --> 00:34:25,239 So anyways, fix the money, fix the world is not an exaggerated 636 00:34:25,239 --> 00:34:29,199 statement and you know, saving Bitcoin and look with the 637 00:34:29,199 --> 00:34:31,800 awesome part too is me and Opti are millennials, right? 638 00:34:32,000 --> 00:34:34,800 Like bitcoins giving us hope, like we actually have hope for 639 00:34:34,800 --> 00:34:38,000 the future. Like the meme that was coming 640 00:34:38,000 --> 00:34:41,920 out of the World Economic Forum, like that thing was so true. 641 00:34:41,920 --> 00:34:44,880 Like, you know, nothing. They really, really meant that. 642 00:34:44,880 --> 00:34:47,120 Like they truly meant that, right? 643 00:34:47,880 --> 00:34:51,159 And my counter is own Bitcoin and be happy, right? 644 00:34:51,159 --> 00:34:53,639 That sounds much better than own nothing and be happy. 645 00:34:53,800 --> 00:34:56,639 But then who owns everything if no one owns nothing, right? 646 00:34:56,960 --> 00:34:58,040 That's a good question. Yeah. 647 00:34:58,560 --> 00:34:59,760 That's the question no ones asked. 648 00:34:59,920 --> 00:35:02,160 Well, who owns all the stuff that we're renting? 649 00:35:02,400 --> 00:35:04,920 Who owns everything, right? If we don't own it, then who 650 00:35:04,920 --> 00:35:06,960 owns it? Anyways, guys, we're about to 651 00:35:06,960 --> 00:35:09,120 break 100 likes. So if you guys are enjoying the 652 00:35:09,120 --> 00:35:13,680 show so far, we're at 1500 live viewers between YouTube Rumble 653 00:35:13,680 --> 00:35:16,440 and X Make sure to smash that like button. 654 00:35:16,640 --> 00:35:19,120 Really, really helps with the algos. 655 00:35:19,120 --> 00:35:21,400 Guys, we have tons to talk about. 656 00:35:21,400 --> 00:35:27,200 So much news on today's show. Tether apparently is relocating 657 00:35:27,320 --> 00:35:30,080 to El Salvador. We'll talk about that and also 658 00:35:30,080 --> 00:35:35,720 Ron Paul bombshell article dropped any the name of the 659 00:35:35,720 --> 00:35:39,920 article is it's time to call inflation by its real name 660 00:35:40,160 --> 00:35:43,200 theft. I mean, excuse me, that's 661 00:35:43,200 --> 00:35:46,680 something that Bitcoiners, I've been saying for quite a while 662 00:35:46,680 --> 00:35:50,640 now, we're going to keep hammering that point on What's 663 00:35:50,640 --> 00:35:54,680 wrong with society these days is isn't more government. 664 00:35:54,680 --> 00:35:57,400 It isn't red, it isn't blue, it isn't left. 665 00:35:57,400 --> 00:35:59,840 It isn't right, isn't liberal, it isn't conservative. 666 00:36:00,200 --> 00:36:03,240 It's the broken money. You fix the money, you fix a lot 667 00:36:03,240 --> 00:36:06,440 of these problems. People are able to achieve their 668 00:36:06,440 --> 00:36:08,480 hopes, their desires, prosperity. 669 00:36:08,760 --> 00:36:11,960 And again, it's not a, a 24 hour fix. 670 00:36:12,360 --> 00:36:15,520 It takes time huddling, you know, you got to earn your 671 00:36:15,520 --> 00:36:17,760 stripes. This is a this is a long term 672 00:36:17,760 --> 00:36:21,080 process, but at least it gives you a shot. 673 00:36:21,160 --> 00:36:25,320 At least it gives you the opportunity to save up for the 674 00:36:25,320 --> 00:36:27,880 future, unlike, you know, Fiat currency. 675 00:36:27,880 --> 00:36:29,880 All right, everybody, let's get to the news. 676 00:36:29,880 --> 00:36:31,520 We have tons to talk about. Let's check it out. 677 00:36:31,520 --> 00:36:34,760 Here we go. I want to give a very special 678 00:36:34,760 --> 00:36:37,560 shout out to our sponsor Compass Mining. 679 00:36:37,960 --> 00:36:41,360 They make Bitcoin mining accessible to everyone from 680 00:36:41,360 --> 00:36:43,960 beginners to experienced investors. 681 00:36:44,280 --> 00:36:48,520 Their turn key miners gets you online and hashing within 48 682 00:36:48,520 --> 00:36:52,240 hours, making it easier than ever to start your mining 683 00:36:52,240 --> 00:36:54,840 journey. Plus, with their active 684 00:36:54,840 --> 00:36:58,640 marketplace, you can resell your miner at any time, adding 685 00:36:58,640 --> 00:37:01,160 flexibility and value to your investment. 686 00:37:01,760 --> 00:37:05,560 Visit their website to access a wealth of resources, learning 687 00:37:05,600 --> 00:37:08,120 everything you need to know about Bitcoin mining. 688 00:37:08,240 --> 00:37:12,000 Take your first step into the world of Bitcoin mining with 689 00:37:12,000 --> 00:37:15,040 confidence. Discover more at Compass Mining 690 00:37:15,120 --> 00:37:18,680 dot IO. Again, Compass mining dot IO and 691 00:37:18,680 --> 00:37:22,120 see how Compass Mining can power your success. 692 00:37:22,120 --> 00:37:32,800 I want to I give a shout out to our sponsor foundation. 693 00:37:32,840 --> 00:37:36,640 It's self custody done right. They've built a premium grade 694 00:37:36,640 --> 00:37:40,280 hardware wallet called Passport right here in the US, and it 695 00:37:40,280 --> 00:37:43,800 integrates seamlessly with their free app called Envoy. 696 00:37:44,440 --> 00:37:47,240 Passport is fully open source and verifiable. 697 00:37:47,400 --> 00:37:50,640 It's the most intuitive Bitcoin wallet design with a UX 698 00:37:50,640 --> 00:37:54,120 reminiscent of a classic feature phone, so you'll know how to 699 00:37:54,120 --> 00:37:56,680 navigate it and use it the moment you pick it up. 700 00:37:56,880 --> 00:38:00,760 It's also air gaps, meaning Bitcoin stays offline, never 701 00:38:00,760 --> 00:38:04,360 touching an Internet connection. It's Bitcoin only open source, 702 00:38:04,360 --> 00:38:08,280 verifiable air gap security model, gorgeous design, craft 703 00:38:08,280 --> 00:38:12,000 premium grade materials. Get your Bitcoin off exchanges 704 00:38:12,160 --> 00:38:15,600 and into your own hands in just a few minutes with Passport at 705 00:38:15,600 --> 00:38:19,520 foundation dot XYZ slash. Simply get Peace of Mind. 706 00:38:22,120 --> 00:38:26,200 All right, everybody here is Opti and he has the passport in 707 00:38:26,200 --> 00:38:30,280 his hands by foundation devices. Not your keys, not your keys. 708 00:38:30,480 --> 00:38:33,360 If you use promo code simply, you get a discount not for Opti, 709 00:38:33,360 --> 00:38:36,080 but for the passport by foundation devices. 710 00:38:36,080 --> 00:38:40,240 Guys, you want to take self custody of your Bitcoin. 711 00:38:40,240 --> 00:38:43,000 If it's not in self custody, it's in someone else's custody. 712 00:38:43,160 --> 00:38:45,480 Don't put yourself in that position position from a code, 713 00:38:45,480 --> 00:38:48,920 simply head over to passport today all right everybody Tether 714 00:38:48,920 --> 00:38:52,320 license in El Salvador strengthening focus on emerging 715 00:38:52,320 --> 00:38:55,560 markets and innovation Tether and its subsidiaries are about 716 00:38:55,560 --> 00:39:00,280 to complete all formalities to relocate to El Salvador 717 00:39:00,400 --> 00:39:04,320 following the successful acquisition of a digital asset 718 00:39:04,320 --> 00:39:08,520 service provider license and as a stable coin issuer, marking a 719 00:39:08,520 --> 00:39:12,040 step in tether's journey to foster global Bitcoin adoption. 720 00:39:12,240 --> 00:39:14,600 This strengthens tether's position in one of of the 721 00:39:14,600 --> 00:39:17,680 world's most forward thinking markets and fosters the 722 00:39:17,680 --> 00:39:21,200 development and implementation of cutting edge solutions more 723 00:39:21,200 --> 00:39:24,360 efficiently in a dynamic environment where innovation 724 00:39:24,360 --> 00:39:26,480 thrives. It underscores the company's 725 00:39:26,480 --> 00:39:29,440 dedication to leveraging bitcoins transformative 726 00:39:29,440 --> 00:39:33,800 potential as it drives growth in emerging markets. 727 00:39:33,800 --> 00:39:38,280 All right, here is so some comments here, right? 728 00:39:38,480 --> 00:39:46,480 So us Bitcoiners had a theory a couple years ago as it relates 729 00:39:46,480 --> 00:39:50,840 to emerging markets. Our theory was that in emerging 730 00:39:50,840 --> 00:39:54,480 markets there was going to be rampant Bitcoin adoption because 731 00:39:54,720 --> 00:39:58,000 the local Fiat currency was such poo poo. 732 00:39:59,240 --> 00:40:06,040 What happened instead was you saw massive adoption of stable 733 00:40:06,040 --> 00:40:08,600 coins, specifically Tether, right? 734 00:40:08,920 --> 00:40:12,000 So. And a lot of Bitcoiners feel a 735 00:40:12,000 --> 00:40:14,520 certain way about it. And in a way, they they're 736 00:40:14,520 --> 00:40:16,920 right, because Tether is inherently centralized. 737 00:40:17,120 --> 00:40:20,600 If something is inherently centralized, it can and. 738 00:40:20,600 --> 00:40:23,920 Will. Be inevitably Co opted it's 739 00:40:23,920 --> 00:40:25,800 inevitable right the government's going to put 740 00:40:25,800 --> 00:40:30,360 pressure it starts to censor like This is why this bitcoins 741 00:40:30,360 --> 00:40:34,200 decentralization is so key. However, the argument that I've 742 00:40:34,200 --> 00:40:38,920 made and the argument that Samsung Mao has made as well is 743 00:40:39,480 --> 00:40:42,080 what's what Tether is, is a Trojan horse. 744 00:40:42,080 --> 00:40:47,040 It's a stepping stone to if you are in a, in, in a developing 745 00:40:47,040 --> 00:40:50,520 market, developing world and you don't have the privilege that we 746 00:40:50,520 --> 00:40:56,840 have in the West where the, the, the, the Fiat currencies 747 00:40:56,840 --> 00:40:59,280 inflation rate is somewhat stable. 748 00:41:01,600 --> 00:41:05,440 It's, or let me just put it this way, the inflation rate isn't 749 00:41:05,440 --> 00:41:08,040 big enough for you to realize you're being stolen from on a 750 00:41:08,040 --> 00:41:10,840 daily basis. So the incentive to seek an 751 00:41:10,840 --> 00:41:12,240 alternative isn't quite there yet. 752 00:41:12,240 --> 00:41:14,200 It's not there. You don't really have it. 753 00:41:14,200 --> 00:41:17,760 You're like, OK, you know, 2% a year, you don't really notice 754 00:41:17,760 --> 00:41:19,920 it, right? Of course, Bitcoiners are like, 755 00:41:19,920 --> 00:41:23,000 dude, 2%, it compounds. It's theft, like absolutely 756 00:41:23,000 --> 00:41:24,560 right. And if you save in Bitcoin, 757 00:41:24,680 --> 00:41:27,800 like, you know, you're not even going to get dinged by the whole 758 00:41:27,800 --> 00:41:31,040 inflation argument. However, what I will say is if 759 00:41:31,040 --> 00:41:36,440 you're dealing with 1015 twenty 30% inflation and all of a 760 00:41:36,440 --> 00:41:41,360 sudden you have the opportunity to use dollars, you're going to 761 00:41:41,360 --> 00:41:44,680 use dollars. And the reason it's so 762 00:41:44,680 --> 00:41:49,240 significant is because it gives people exposure to a digital 763 00:41:49,240 --> 00:41:53,560 wallet. And that's massive because and 764 00:41:53,560 --> 00:41:55,920 all of a sudden their account isn't with the bank. 765 00:41:56,120 --> 00:41:58,720 Their account is a wallet they just downloaded from an App 766 00:41:58,720 --> 00:42:01,160 Store and they can now send and receive money from anywhere 767 00:42:01,160 --> 00:42:03,480 around the world. It's a game changer. 768 00:42:04,400 --> 00:42:07,880 And The thing is, once they adopt dollars, all roads lead to 769 00:42:07,880 --> 00:42:11,080 Bitcoin because it's just going to be a couple of years until 770 00:42:11,080 --> 00:42:15,160 they realize, you know what, like I understand what they mean 771 00:42:15,160 --> 00:42:18,840 now, this two 3% inflation thing is a scam. 772 00:42:19,200 --> 00:42:20,840 And then they're going to adopt Bitcoin. 773 00:42:21,040 --> 00:42:26,280 But their situation was so bad initially that for them, like 774 00:42:26,280 --> 00:42:28,640 dollars is, is the salvation, right? 775 00:42:28,880 --> 00:42:32,480 That's that's what at least the data's showing what why I 776 00:42:32,880 --> 00:42:35,560 believe stable coins have been so, so widely adopted. 777 00:42:36,480 --> 00:42:41,000 So I think it's a very positive that they're moving to El 778 00:42:41,000 --> 00:42:43,200 Salvador. Of course, El Salvador is 779 00:42:43,200 --> 00:42:47,200 Bitcoin country. And I also really big fan of 780 00:42:47,200 --> 00:42:52,040 Tethers recent investment in Rumble and Rumble's a free 781 00:42:52,040 --> 00:42:54,360 speech platform. All of this is interconnected by 782 00:42:54,360 --> 00:42:57,760 the way. So, you know, I think this is a 783 00:42:58,040 --> 00:43:01,480 net positive for the industry. I know Opti, you know, has 784 00:43:01,480 --> 00:43:05,280 different feelings, but that's my take on it. 785 00:43:05,280 --> 00:43:07,760 And then we'll get to the Ron Paul quote. 786 00:43:08,160 --> 00:43:10,920 I mean the Ron Paul article. Yeah, yeah. 787 00:43:11,040 --> 00:43:13,640 Well, I'm not going to go on a, you know, tethered tirade right 788 00:43:13,640 --> 00:43:16,200 now. So that's for another show. 789 00:43:17,080 --> 00:43:19,040 I think this is huge for El Salvador. 790 00:43:19,040 --> 00:43:22,880 Really this is huge news story coming out of El Salvador. 791 00:43:23,040 --> 00:43:26,560 And also when you couple that not only did tether invest a 792 00:43:26,560 --> 00:43:31,040 significant portion of capital into Rumble, but Rumble also 793 00:43:31,040 --> 00:43:33,320 announced over the weekend. I forget when exactly whether it 794 00:43:33,320 --> 00:43:36,480 was Thursday or Friday at some point, but some point at the end 795 00:43:36,480 --> 00:43:38,640 of last week or maybe it was over the weekend. 796 00:43:38,640 --> 00:43:40,840 I forget I'm I'm losing my my times. 797 00:43:40,840 --> 00:43:42,120 You know, it's all it's all block time. 798 00:43:42,120 --> 00:43:43,720 It's all one time here at simply Bitcoin. 799 00:43:43,720 --> 00:43:48,280 But they also announced that they're doing a rumble AI cloud 800 00:43:48,280 --> 00:43:51,640 service data center project in El Salvador. 801 00:43:51,800 --> 00:43:54,040 So this is absolutely huge for El Salvador. 802 00:43:54,040 --> 00:43:57,480 And it really goes to what we've been staying here for a long 803 00:43:57,480 --> 00:44:00,240 time in terms of Bitcoin is where capital is treated best, 804 00:44:00,560 --> 00:44:02,920 where a country has favorable regulations. 805 00:44:02,920 --> 00:44:05,760 You know, businesses and entrepreneurs will go to that 806 00:44:05,760 --> 00:44:08,120 country. And it's looking like Buckele is 807 00:44:08,120 --> 00:44:12,000 setting up El Salvador to really, you know, leapfrog a lot 808 00:44:12,000 --> 00:44:14,960 of countries and, and really be freedom country of the world. 809 00:44:14,960 --> 00:44:17,000 You know, Rumble, I, we love Rumble. 810 00:44:17,280 --> 00:44:19,520 They're they're a freedom of speech platform. 811 00:44:19,800 --> 00:44:24,480 And you know, even with my, you know, more pessimistic take on 812 00:44:24,480 --> 00:44:28,080 tether, I think this is huge. And it really goes to show what 813 00:44:28,080 --> 00:44:30,480 we've been talking about. And maybe Nika, this is the 814 00:44:30,480 --> 00:44:32,840 portion where we bring up the sovereign individual again, 815 00:44:32,840 --> 00:44:35,680 because it's a, it's a perfectly, perfectly fitting 816 00:44:35,680 --> 00:44:40,000 quote here, But where capitals treated best, that's where 817 00:44:40,000 --> 00:44:41,920 entrepreneurs and businesses will flow. 818 00:44:41,920 --> 00:44:45,440 And El Salvador set themselves up to really be the freedom 819 00:44:45,440 --> 00:44:48,960 country of the world. And I think this is huge for not 820 00:44:48,960 --> 00:44:52,520 only innovation coming out of El Salvador, but, and I, I hate to 821 00:44:52,520 --> 00:44:55,520 use the like trickle down economy meme here, but obviously 822 00:44:55,520 --> 00:44:58,440 with more businesses coming into El Salvador, more freedom minded 823 00:44:58,440 --> 00:45:01,040 entrepreneurs coming to El Salvador, I think that's going 824 00:45:01,040 --> 00:45:03,800 to be huge for the country. And we're seeing that, Hey, El 825 00:45:03,800 --> 00:45:07,320 Salvador is really starting to look like a favorable place for 826 00:45:07,320 --> 00:45:11,000 businesses. And maybe like, you know, states 827 00:45:11,000 --> 00:45:13,160 like Delaware, etcetera are going to have a run for their 828 00:45:13,160 --> 00:45:16,080 money for companies incorporating in El Salvador 829 00:45:16,080 --> 00:45:19,440 versus other jurisdictions. And hopefully maybe, you know, 830 00:45:19,440 --> 00:45:22,280 we'll see in a week, basically once Trump's does take office, 831 00:45:22,280 --> 00:45:27,560 we'll see if the US is able to kind of stop the flow of capital 832 00:45:27,560 --> 00:45:30,280 and businesses going to the US. If we get a favorable 833 00:45:30,280 --> 00:45:32,960 jurisdiction, then the game theory is really starting to 834 00:45:32,960 --> 00:45:34,640 play out. And I think this is a very 835 00:45:34,640 --> 00:45:36,960 interesting development. This is huge for El Salvador, 836 00:45:37,400 --> 00:45:40,000 not only just the tether news, but the rumble news as well. 837 00:45:40,800 --> 00:45:42,920 And so, yeah, I think this is great. 838 00:45:42,920 --> 00:45:45,760 Like shouts out to Bukele. I would really love to see a 839 00:45:45,800 --> 00:45:51,240 leader like that in the US and. We can still. 840 00:45:51,240 --> 00:45:53,440 Stay hopeful. But yeah, this is huge for El 841 00:45:53,440 --> 00:45:55,920 Salvador. I would say coupled with the 842 00:45:55,920 --> 00:45:59,480 rumble news like this is big. This is big news for for freedom 843 00:45:59,480 --> 00:46:02,680 country. Obviously Buckele announcing and 844 00:46:02,680 --> 00:46:06,320 adopting Bitcoin is what kind of set the stage for all of this 845 00:46:06,320 --> 00:46:08,600 stuff. Now, with all that being said, I 846 00:46:08,600 --> 00:46:10,760 do have to drop a cynical meme here, Nico. 847 00:46:10,760 --> 00:46:16,680 You know, Buckele signed that IMF loan with the specifications 848 00:46:16,680 --> 00:46:20,240 of dropping the Chiva wallet. Well now I guess tethers filling 849 00:46:20,240 --> 00:46:23,280 that hole. I think, I think like to be 850 00:46:23,280 --> 00:46:30,160 fair, like I think like there's something there, there's 851 00:46:30,160 --> 00:46:32,920 something that people I think have to understand, right? 852 00:46:32,920 --> 00:46:36,480 Which is the world isn't black and white, it's full of grace, 853 00:46:36,640 --> 00:46:40,200 right? And I think we have to really 854 00:46:40,200 --> 00:46:44,840 kind of adopt free market principles to our thinking, 855 00:46:44,920 --> 00:46:47,000 right? Because at the end of the day, 856 00:46:47,000 --> 00:46:51,120 like, you know, we're Bitcoiners and we have to, we have to think 857 00:46:51,120 --> 00:46:55,000 about it, right? If we're not acknowledging the 858 00:46:55,000 --> 00:47:00,200 fact that Tether adoption is trumping Bitcoin adoption in 859 00:47:00,200 --> 00:47:05,680 developing countries, like you're not taking market data 860 00:47:05,680 --> 00:47:08,280 and applying it to your analysis and your theories, right? 861 00:47:08,720 --> 00:47:11,720 And then you have to ask yourself, why is that phenomenon 862 00:47:11,720 --> 00:47:15,120 happening, right? Well, it's because again, it's 863 00:47:15,120 --> 00:47:17,880 an education problem and it's a, it's a volatility thing. 864 00:47:18,240 --> 00:47:20,920 But I think Bitcoin's volatility over the long term is going to 865 00:47:20,920 --> 00:47:23,600 decrease. And because Bitcoin's a superior 866 00:47:23,600 --> 00:47:25,520 money, all roads lead to Bitcoin. 867 00:47:25,760 --> 00:47:30,240 But the reason that that tether is such a strong Trojan horse is 868 00:47:30,240 --> 00:47:34,960 because it exposes people to non sovereign alternatives and it 869 00:47:34,960 --> 00:47:39,200 exposes people to essentially sending and receiving digital 870 00:47:39,200 --> 00:47:43,440 assets on their phone right now. All that being said, is Tether 871 00:47:43,440 --> 00:47:45,560 an alternative to Bitcoin? No Why? 872 00:47:45,560 --> 00:47:47,520 Because it's not decentralized and secure. 873 00:47:47,760 --> 00:47:51,440 If it's not decentralized and secure, it will inevitably be Co 874 00:47:51,440 --> 00:47:54,040 opted and the rules will be changed. 875 00:47:54,200 --> 00:47:56,600 It's inevitable. It's an inevitability. 876 00:47:56,760 --> 00:48:01,600 So it's not a replacement. But you can't deny what the 877 00:48:01,600 --> 00:48:05,640 market conditions are and you also can't deny the fact that 878 00:48:05,920 --> 00:48:10,400 Tether has made some very positive investments, obviously 879 00:48:10,400 --> 00:48:13,520 towards El Salvador, but obviously towards Rumble. 880 00:48:13,520 --> 00:48:17,600 Rumble's a free speech platform. And I mean, you heard it in the 881 00:48:17,600 --> 00:48:20,760 press release itself. It's literally talking about not 882 00:48:20,760 --> 00:48:22,360 Tether adoption. It's literally talking about 883 00:48:22,360 --> 00:48:27,520 Bitcoin adoption, right? So again, you know, it's not so 884 00:48:27,520 --> 00:48:29,960 black and white. There's Grays to different 885 00:48:29,960 --> 00:48:34,360 things and you have to paint out the entire picture to really 886 00:48:34,360 --> 00:48:36,840 find out what the truth is. Now, is this good? 887 00:48:37,120 --> 00:48:39,600 Is this work? In an ideal world, me and Opti 888 00:48:39,600 --> 00:48:43,520 would just be like, you know what, if you're in Zambia, the 889 00:48:43,520 --> 00:48:46,880 whole country is just on a Bitcoin standard tomorrow, bro. 890 00:48:46,880 --> 00:48:50,680 That's that's what Bitcoiners have dreamed, but that's not 891 00:48:50,680 --> 00:48:53,600 what the reality is. Lightning's come a really long 892 00:48:53,600 --> 00:48:56,880 way. It's it's it's it's amazing. 893 00:48:56,960 --> 00:48:59,160 Is there adopt? Is there Bitcoin adoption in 894 00:48:59,160 --> 00:49:01,160 developing worlds? Absolutely. 895 00:49:01,400 --> 00:49:05,840 But you also can't discredit the stable coin adoption in in 896 00:49:05,840 --> 00:49:08,440 developing world. And I think I'm making the case 897 00:49:08,440 --> 00:49:12,480 here that that is a positive for Bitcoin in the long term. 898 00:49:12,840 --> 00:49:15,360 All right, everybody, before we move on to the culture, I do 899 00:49:15,360 --> 00:49:22,040 want to get to this Ron Paul article because again, like this 900 00:49:22,040 --> 00:49:25,480 is something that simply is, I mean, Ron Paul started the meme, 901 00:49:25,480 --> 00:49:26,920 OK? He started the meme. 902 00:49:26,920 --> 00:49:29,040 So we cannot take credit for this. 903 00:49:29,320 --> 00:49:32,280 All right, Ron Paul, the legend did this. 904 00:49:32,360 --> 00:49:36,400 But at the same time, I mean, saying the same thing. 905 00:49:36,400 --> 00:49:39,600 The headline is it's time to call inflation by it's real name 906 00:49:39,880 --> 00:49:43,240 theft. Inflation isn't a scary word. 907 00:49:43,240 --> 00:49:45,400 I mean, inflation isn't a scary word, is it? 908 00:49:45,560 --> 00:49:48,520 It makes you think of blowing up balloons for birthday parties, 909 00:49:48,760 --> 00:49:53,520 the Macy's Thanksgiving Parade, maybe helping a toddler get 910 00:49:53,520 --> 00:49:56,320 their water wings on before an adventure in the swimming pool. 911 00:49:56,360 --> 00:49:59,200 It sounds so inoculate. Or what was that Opti? 912 00:50:00,520 --> 00:50:02,560 Inoculus. Innoculus, right? 913 00:50:03,040 --> 00:50:03,880 Interesting. Innocuous. 914 00:50:04,280 --> 00:50:05,960 Innocuous. OK, there we go. 915 00:50:06,400 --> 00:50:10,840 Even so, in an economic sense, inflation is the deadliest 916 00:50:10,840 --> 00:50:14,160 danger we face today. Recently, it's been all over the 917 00:50:14,160 --> 00:50:16,080 news, so I'm sure you're aware of it. 918 00:50:16,360 --> 00:50:19,240 Even if you don't watch the news, you've seen your trips to 919 00:50:19,240 --> 00:50:22,280 the grocery store become noticeably more expensive over 920 00:50:22,280 --> 00:50:25,080 the last year. Today I'd like to share with you 921 00:50:25,440 --> 00:50:28,600 an important way to view the monetary phenomenon called 922 00:50:28,600 --> 00:50:32,040 inflation and help you understand exactly how it's 923 00:50:32,040 --> 00:50:35,360 stealing your future. Goes on to say I'm going to 924 00:50:35,360 --> 00:50:39,480 quote myself myself here. Stable money is a cornerstone of 925 00:50:39,480 --> 00:50:42,920 civilization. This man was before his effing 926 00:50:42,920 --> 00:50:44,560 time. It's incredible, dude. 927 00:50:44,840 --> 00:50:48,680 Let me say in order to plan for the future, you must know what 928 00:50:48,680 --> 00:50:50,200 your money will buy in the future. 929 00:50:50,360 --> 00:50:53,960 In order for businesses to decide whether to, say, make a 930 00:50:53,960 --> 00:50:57,360 big investment in constructing a new factory, they have to 931 00:50:57,360 --> 00:51:01,560 forecast forecast upfront expenses and future profits. 932 00:51:01,760 --> 00:51:05,120 In order to simply make make a transaction, you have to know 933 00:51:05,120 --> 00:51:08,160 the value of your money won't radically change while you're 934 00:51:08,160 --> 00:51:12,360 handing handing it over. Without stable money, households 935 00:51:12,360 --> 00:51:15,680 can't plan for the future. Businesses can't expand. 936 00:51:15,920 --> 00:51:20,440 Buyers and sellers lacked in the the necessary trust to simply 937 00:51:20,560 --> 00:51:24,200 complete a transaction now. Throughout most of American 938 00:51:24,200 --> 00:51:28,160 history, stable money meant physical gold and or silver 939 00:51:28,160 --> 00:51:32,440 coins and when paper was traded, that paper was a claim on either 940 00:51:32,440 --> 00:51:35,280 gold or silver. You could walk up to a bank and 941 00:51:35,280 --> 00:51:41,000 present your paper and demand cold hard cash and they have to 942 00:51:41,000 --> 00:51:43,480 hand it over. Now this is a great way to 943 00:51:43,480 --> 00:51:46,960 deliver money with stable purchasing power over time. 944 00:51:47,320 --> 00:51:50,200 Now this is fantastic for households and businesses. 945 00:51:50,640 --> 00:51:52,480 Can you guess who it's terrible for? 946 00:51:52,840 --> 00:51:55,960 Governments. The entire continent of Europe 947 00:51:56,320 --> 00:51:59,800 effectively abandoned the gold standard during World War One. 948 00:52:00,080 --> 00:52:04,240 This is why Bitcoiners say Fiat fuels endless wars. 949 00:52:05,040 --> 00:52:09,160 You can continue paying for the war if you can continue printing 950 00:52:09,160 --> 00:52:11,960 money. That's a lot easier than saying, 951 00:52:12,040 --> 00:52:14,040 hey, guys, we want to fight a war. 952 00:52:14,160 --> 00:52:15,720 You guys are going to have to fight in it. 953 00:52:15,840 --> 00:52:20,200 We're U.S. politicians like, Nah, we're OK and our children 954 00:52:20,200 --> 00:52:22,520 are OK. But you peasants, you have to 955 00:52:22,520 --> 00:52:25,520 fight our war. And by the way, we're going to 956 00:52:25,520 --> 00:52:28,240 tax you and your taxes are what's going to fund the war. 957 00:52:28,360 --> 00:52:31,120 People would not do it. They would just say, you know 958 00:52:31,120 --> 00:52:33,400 what, F that guy, let's vote him out. 959 00:52:33,920 --> 00:52:37,520 But the way they get away with it is the effing money printer 960 00:52:37,760 --> 00:52:42,480 because people don't realize that inflation is a taxation. 961 00:52:42,800 --> 00:52:46,800 Anyways, it goes on to say then again during World War 2 so they 962 00:52:46,800 --> 00:52:51,240 could print money to finance their armies. the US eventually 963 00:52:51,240 --> 00:52:56,760 followed suit in 1972 when President Nixon told Americans 964 00:52:56,880 --> 00:53:00,400 their money was no longer exchangeable for gold or silver. 965 00:53:00,520 --> 00:53:05,120 In other words, the US went to a Fiat currency system. 966 00:53:05,440 --> 00:53:08,760 In other words, a dollar has value because the government 967 00:53:08,760 --> 00:53:11,080 said so. This reminds me of something 968 00:53:11,080 --> 00:53:15,440 President Herbert Hoover once told FDR. We have gold because 969 00:53:15,440 --> 00:53:19,440 we cannot trust governments. When gold was money, it was easy 970 00:53:19,440 --> 00:53:21,600 to know how much a government could spend. 971 00:53:21,960 --> 00:53:25,400 All you had to do was add up the dollars in circulation and 972 00:53:25,400 --> 00:53:27,560 compare it to the government's gold reserve. 973 00:53:27,760 --> 00:53:29,560 That's it. Simple math. 974 00:53:29,800 --> 00:53:33,400 Once we left the gold standard and entered the age of quote, 975 00:53:33,400 --> 00:53:37,480 it's money because I said so, we also entered the age of 976 00:53:37,480 --> 00:53:39,520 unconstrained government spending. 977 00:53:39,920 --> 00:53:42,600 Does that sound harsh? Let me show you a chart 978 00:53:42,600 --> 00:53:45,640 comparing the US debt today. I think the charts kind of 979 00:53:45,640 --> 00:53:48,720 messed up on this page, but anyways, it goes on to say since 980 00:53:48,720 --> 00:53:52,080 the end of the gold standard, the US national debt has 981 00:53:52,080 --> 00:53:57,120 increased almost 70 fold. Meanwhile, the purchasing power 982 00:53:57,120 --> 00:54:01,760 of each individual dollar is about 1/7 of what it was in 983 00:54:01,760 --> 00:54:05,320 1972. That's because every time the 984 00:54:05,320 --> 00:54:08,400 government prints new money, it doesn't make wealth. 985 00:54:08,760 --> 00:54:13,120 Only hard work creates wealth. Every single new dollar that 986 00:54:13,120 --> 00:54:16,760 rolls off the printing press reduces the value of every 987 00:54:16,760 --> 00:54:20,680 dollar in the world. Theft is not too strong a word. 988 00:54:21,000 --> 00:54:24,800 Imagine the government pass an executive order overnight that 989 00:54:24,800 --> 00:54:29,440 confiscated 8.5% of your money in the bank and your retirement 990 00:54:29,440 --> 00:54:32,120 account in your wallet. What would you do? 991 00:54:32,200 --> 00:54:35,440 How would you feel? I'm pretty sure I know exactly 992 00:54:35,440 --> 00:54:37,760 how you feel like you've been robbed. 993 00:54:37,960 --> 00:54:41,280 You feel like the power the people in power have decided to 994 00:54:41,280 --> 00:54:43,680 abuse that power. You'd be angry. 995 00:54:43,880 --> 00:54:47,760 You might engage in acts of civil disobedience, perhaps even 996 00:54:47,760 --> 00:54:51,480 civil, uncivil disobedience. Whatever you did, you do 997 00:54:51,480 --> 00:54:54,400 something. Such an astonishing overreach of 998 00:54:54,400 --> 00:54:57,880 government power, such an incredible abuse of personal 999 00:54:57,880 --> 00:55:00,480 property. It's not something any red 1000 00:55:00,480 --> 00:55:02,680 blooded American would take lying down. 1001 00:55:02,920 --> 00:55:05,920 We'd figure out a way to put a stop to it. 1002 00:55:06,640 --> 00:55:09,960 Now, what if exactly the same thing happened, but without 1003 00:55:09,960 --> 00:55:11,760 changing the balance in your bank account? 1004 00:55:11,960 --> 00:55:15,840 Would you even notice? The truth is, most people watch 1005 00:55:15,840 --> 00:55:19,200 their balance more closely than they watch the value of their 1006 00:55:19,200 --> 00:55:22,040 money. If the balance goes down, it's 1007 00:55:22,040 --> 00:55:25,720 easy to see if the value of your dollars if you're purchasing 1008 00:55:25,720 --> 00:55:29,320 power decreases. You're unlikely to notice right 1009 00:55:29,320 --> 00:55:31,920 away. Now here's what I want you to 1010 00:55:31,920 --> 00:55:35,040 understand. This is exactly what the Federal 1011 00:55:35,040 --> 00:55:37,960 Reserve has done. They have robbed you of the 1012 00:55:37,960 --> 00:55:41,680 value of your money, even if they didn't affect the balance 1013 00:55:41,680 --> 00:55:45,240 of your money. It might not be polite to say, 1014 00:55:45,440 --> 00:55:49,880 but I firmly believed theft is not too strong a word to 1015 00:55:49,880 --> 00:55:53,480 describe the effects of inflation on you and your 1016 00:55:53,480 --> 00:55:56,440 family. I firmly believe that inflation, 1017 00:55:56,600 --> 00:56:00,320 the ongoing destruction of your hard earned savings, is the 1018 00:56:00,320 --> 00:56:04,720 greatest economic threat we face today. 1019 00:56:05,120 --> 00:56:07,640 Lawrence Lappard. I did an episode with him, you 1020 00:56:07,640 --> 00:56:11,440 guys loved it. Got 56,000 views on YouTube. 1021 00:56:12,480 --> 00:56:14,320 He just wrote an entire book about this. 1022 00:56:14,520 --> 00:56:18,600 The single greatest threat to you and your family. 1023 00:56:18,680 --> 00:56:23,040 The future of America, the future of the world, is 1024 00:56:23,200 --> 00:56:26,040 inflation. It is broken money. 1025 00:56:26,240 --> 00:56:31,360 It is affecting every facet of society, whether that's housing 1026 00:56:31,360 --> 00:56:37,560 crisis, migration crisis, like you name it, broken money is 1027 00:56:37,560 --> 00:56:40,640 underneath. Go to the website What the F 1028 00:56:40,640 --> 00:56:45,320 happened in 1971? And you can't look at me 1029 00:56:45,320 --> 00:56:49,080 straight in the eye and tell me Nico, all of those things are 1030 00:56:49,080 --> 00:56:52,600 coincidences now. What makes Simply Bitcoin 1031 00:56:52,800 --> 00:56:57,000 different than all the liberal commentators or conservative 1032 00:56:57,000 --> 00:56:59,960 commentators which are just doom and gloom errs? 1033 00:57:01,040 --> 00:57:05,160 What makes our show different is that we are, we are providing 1034 00:57:05,160 --> 00:57:08,200 you not only a way out, we're providing you hope. 1035 00:57:08,720 --> 00:57:12,040 Because you don't need to wait for Trump to get inaugurated in 1036 00:57:12,040 --> 00:57:14,600 seven days. You don't need to if you don't 1037 00:57:14,600 --> 00:57:16,360 live in the United States. If you live in Canada, you don't 1038 00:57:16,360 --> 00:57:18,520 need to wait for Trudeau to step down. 1039 00:57:19,120 --> 00:57:21,400 If you live somewhere else, you don't need to wait for a 1040 00:57:21,400 --> 00:57:25,920 politician. You can adopt Bitcoin now and 1041 00:57:25,920 --> 00:57:30,000 save yourself from the theft that is inflation. 1042 00:57:30,560 --> 00:57:34,360 And I promise you as me and Opti, you could, you could talk 1043 00:57:34,360 --> 00:57:36,160 to me and Opti, you could hear my story. 1044 00:57:36,160 --> 00:57:39,240 You can hear Opti's story. I've, I've been doing this for 1045 00:57:39,240 --> 00:57:41,600 nine years. I've heard thousands of stories. 1046 00:57:42,760 --> 00:57:47,800 You adopt A Bitcoin standard, your work and your energy will 1047 00:57:47,800 --> 00:57:52,640 actually be valued. And the what you've been able to 1048 00:57:52,640 --> 00:57:57,280 manage to save and what you've been able to manage to work for 1049 00:57:58,200 --> 00:58:02,240 will actually extend into the future and will actually buy you 1050 00:58:02,240 --> 00:58:07,360 the life that you worked for. And the reason that like you 1051 00:58:07,360 --> 00:58:11,920 feel like you can't get ahead if you're new to Bitcoin is because 1052 00:58:12,040 --> 00:58:18,040 not only do you have to pay income tax, property tax, sales 1053 00:58:18,040 --> 00:58:24,000 tax, all the taxes, you also have to pay money tax. 1054 00:58:24,880 --> 00:58:29,200 And none of us have agreed to that taxation. 1055 00:58:29,600 --> 00:58:33,680 It is not in law. And that's why politicians, when 1056 00:58:33,680 --> 00:58:36,760 they talk about it, they gas like the public. 1057 00:58:37,000 --> 00:58:39,400 They say it was Putin. They say it's the war. 1058 00:58:39,520 --> 00:58:42,040 They say it's grocery, They say it's consumers. 1059 00:58:42,040 --> 00:58:45,440 Consumers are spending too much. They say it's a workers. 1060 00:58:45,440 --> 00:58:48,360 Workers are asking for increasing wages and all that 1061 00:58:48,360 --> 00:58:51,840 stuff. No, no, no, no, no. 1062 00:58:51,840 --> 00:58:55,720 They are solely. I'm going to say this one time. 1063 00:58:56,080 --> 00:59:02,600 The government is the sole cause of monetary debasement and 1064 00:59:02,600 --> 00:59:05,360 inflation. Nobody else is. 1065 00:59:05,360 --> 00:59:07,400 Why? Because the government is the 1066 00:59:07,520 --> 00:59:11,480 only one that could print and issue money. 1067 00:59:12,200 --> 00:59:17,640 If you do it, you go to jail. They're the only ones that have 1068 00:59:17,640 --> 00:59:21,240 the ability to do so. And every time they do it, what 1069 00:59:21,240 --> 00:59:24,920 they're doing is they're debasing the currency. 1070 00:59:25,120 --> 00:59:29,040 The $100 in your account stays exactly the same, but what that 1071 00:59:29,040 --> 00:59:33,800 $100 can purchase is a lot lower. 1072 00:59:33,800 --> 00:59:39,040 And every year it goes lower. So next year that $100 is worth 1073 00:59:39,240 --> 00:59:42,960 97, the following year it's worth 92. 1074 00:59:43,520 --> 00:59:47,520 And it just compounds over time. What type of racket is this? 1075 00:59:47,840 --> 00:59:49,840 It's, it's, it's on, it's incredible. 1076 00:59:49,840 --> 00:59:52,240 It's, it's, it's absurd. It's criminal. 1077 00:59:52,320 --> 00:59:55,760 Like I would say it's criminal. It's a very strong statement 1078 00:59:56,120 --> 00:59:59,560 that I'm saying it is criminal. Anyways guys, if you guys are 1079 00:59:59,560 --> 01:00:03,600 enjoying the show so far, I thought you guys would love that 1080 01:00:03,600 --> 01:00:07,280 episode on Monday. Make sure to smash the like 1081 01:00:07,280 --> 01:00:10,960 button. We just broke 405 live viewers 1082 01:00:10,960 --> 01:00:12,360 on YouTube. Appreciate y'all. 1083 01:00:12,360 --> 01:00:15,120 We're at 159 likes. Smash the like button. 1084 01:00:15,200 --> 01:00:18,760 Help us break 200 likes within the first hour of the show. 1085 01:00:18,760 --> 01:00:21,920 Also shout out to our Rumble audience. 85 of you guys 1086 01:00:21,920 --> 01:00:23,400 watching live. We love you. 1087 01:00:23,520 --> 01:00:26,320 We appreciate you guys and of course our Twitter audience as 1088 01:00:26,320 --> 01:00:29,560 well. We're up to almost 2000 live 1089 01:00:29,560 --> 01:00:33,160 viewers across all platforms, so make sure to smash that like 1090 01:00:33,160 --> 01:00:34,000 button. Opti. 1091 01:00:34,000 --> 01:00:37,960 I got to apologize, brother. I feel like that was encroaching 1092 01:00:37,960 --> 01:00:41,280 into the culture side of things. Yeah, you literally stole my 1093 01:00:41,280 --> 01:00:43,000 article. No, no, no, wait. 1094 01:00:44,000 --> 01:00:46,480 Did I fuck? This is this is news. 1095 01:00:46,480 --> 01:00:49,000 This is news. I feel like that encroached into 1096 01:00:49,000 --> 01:00:53,000 the culture side of the show. But when I read that article 1097 01:00:53,000 --> 01:00:56,080 this morning when we were prepping for the show, it hit me 1098 01:00:56,080 --> 01:01:02,080 to the core because this is a man who has been talking about 1099 01:01:02,120 --> 01:01:08,160 this problem since the 1970s. Bro, the dude's like 8090 years 1100 01:01:08,160 --> 01:01:09,560 old. He still has a YouTube channel. 1101 01:01:09,560 --> 01:01:13,200 He's like, inflation is theft, you know, like he stayed on 1102 01:01:13,200 --> 01:01:15,240 message. Ron Paul is a legend. 1103 01:01:15,240 --> 01:01:18,440 He started it all. It's our responsibility as the 1104 01:01:18,440 --> 01:01:22,120 next generation. Because remember, Ron Paul's 1105 01:01:22,520 --> 01:01:25,920 tool to fight this theft was gold. 1106 01:01:26,560 --> 01:01:30,320 Our tool to fight this theft is Bitcoin. 1107 01:01:30,600 --> 01:01:33,000 And Bitcoin is a much better tool. 1108 01:01:33,120 --> 01:01:36,840 By the way, this only applies if you're taking Bitcoin to self 1109 01:01:36,840 --> 01:01:38,280 custody. That's how you're going to 1110 01:01:38,280 --> 01:01:40,080 protect yourself the most anyways. 1111 01:01:40,400 --> 01:01:43,360 Been ranting Opti hit this hard bro. 1112 01:01:43,360 --> 01:01:46,360 What's your what's your opinion? Is Ron Paul right? 1113 01:01:46,520 --> 01:01:50,240 Is inflation theft? Well, Ron Paul is the original 1114 01:01:50,240 --> 01:01:54,120 go and then there is some some debate in the chat about Ron 1115 01:01:54,120 --> 01:01:56,640 Paul not being fully orange pale guys. 1116 01:01:56,920 --> 01:01:58,720 Like Nico just said he's 90 years old. 1117 01:01:58,720 --> 01:02:02,760 He's basically been a gold bug for like twice my life. 1118 01:02:02,760 --> 01:02:06,240 You know, old habits do die hard, but we are taking up the 1119 01:02:06,240 --> 01:02:10,000 baton here as Bitcoiners and this is what this is all about. 1120 01:02:10,000 --> 01:02:13,400 This is why Bitcoin kind of got into the libertarian circles in 1121 01:02:13,400 --> 01:02:17,160 the 1st place is because we all understand that the real problem 1122 01:02:17,160 --> 01:02:20,520 right now is the fact that Fiat money is stealing all of our 1123 01:02:20,520 --> 01:02:22,120 wealth. This is a you what, what do we 1124 01:02:22,120 --> 01:02:23,720 say, Nico? Fiat money is a wealth 1125 01:02:23,720 --> 01:02:26,040 redistribution mechanism to the top. 1126 01:02:26,280 --> 01:02:29,040 Those closest to the money printer are the ones that are 1127 01:02:29,040 --> 01:02:32,080 able to essentially, you know, pump their bags and their 1128 01:02:32,080 --> 01:02:34,040 assets. And if you get the money first, 1129 01:02:34,440 --> 01:02:37,320 then you, you know, you're the God king here on planet earth 1130 01:02:37,320 --> 01:02:40,760 right now. And I really like that Ron Paul 1131 01:02:40,760 --> 01:02:44,440 in that article essentially said what Fiat means. 1132 01:02:44,440 --> 01:02:47,280 You know, it's money by decree. It's literally your master's 1133 01:02:47,280 --> 01:02:49,840 telling you this has value because we say so. 1134 01:02:50,040 --> 01:02:53,000 And this is the the pinnacle problem that we're seeing right 1135 01:02:53,000 --> 01:02:55,600 now. And This is why social media is 1136 01:02:55,600 --> 01:02:58,840 going through an upheaval right now is because now, as you know, 1137 01:02:58,840 --> 01:03:01,200 Elon's been saying, and as everyone knows, I'm not the 1138 01:03:01,200 --> 01:03:03,880 biggest Elon fan here, but you are the media now. 1139 01:03:03,880 --> 01:03:06,760 And This is why the powers that be are freaking out about the 1140 01:03:06,760 --> 01:03:08,640 controlled media. We're seeing corporate press 1141 01:03:08,640 --> 01:03:11,240 lose their minds about the fact that no one listened to them 1142 01:03:11,240 --> 01:03:15,040 anymore is because the Fiat system needs these institutions. 1143 01:03:15,040 --> 01:03:18,680 They need these talking heads. They need the suits to continue 1144 01:03:18,680 --> 01:03:21,160 to gaslight you. So you believe that this paper 1145 01:03:21,160 --> 01:03:24,160 has value. And I really like this quote in 1146 01:03:24,160 --> 01:03:25,680 here. And it this is probably the 1147 01:03:25,680 --> 01:03:28,120 message that we should continue to harp on. 1148 01:03:28,120 --> 01:03:30,920 Every single one of us should take this meme and spread it far 1149 01:03:30,920 --> 01:03:32,520 and wide. And it is stable. 1150 01:03:32,520 --> 01:03:34,960 Money is the cornerstone of civilization. 1151 01:03:35,200 --> 01:03:38,440 And This is why we're seeing in the world right now that there 1152 01:03:38,440 --> 01:03:42,280 is a lot of social upheaval. You're starting to see that, you 1153 01:03:42,280 --> 01:03:45,760 know, it looks like the Western world is, you know, crumbling 1154 01:03:45,760 --> 01:03:48,440 and collapsing right now under the weight of Fiat currency. 1155 01:03:48,720 --> 01:03:50,480 They are printing way too much money. 1156 01:03:50,760 --> 01:03:52,640 The debt is getting out of control. 1157 01:03:52,760 --> 01:03:56,440 We all saw, at least in America, that inflation was one of the 1158 01:03:56,440 --> 01:03:58,880 big presidential topics is because people are getting 1159 01:03:58,880 --> 01:04:01,640 poorer and poorer, yet we're working more and more. 1160 01:04:01,800 --> 01:04:05,720 And somehow we're still not able to basically keep our heads up 1161 01:04:05,720 --> 01:04:06,640 and afloat. Right now. 1162 01:04:06,640 --> 01:04:08,840 The middle class is. I'm decimated. 1163 01:04:08,960 --> 01:04:10,040 I'm sorry, sorry to interrupt you. 1164 01:04:10,040 --> 01:04:12,360 We can see it, bro. You got me hyped up. 1165 01:04:12,360 --> 01:04:14,400 We can see it. Why can we see it? 1166 01:04:14,400 --> 01:04:16,480 Look, let me explain this to you guys, right? 1167 01:04:16,480 --> 01:04:19,400 And this was Jeff Booth who told me this. 1168 01:04:19,680 --> 01:04:23,920 And I swear to God, you literally saw my mind blown on 1169 01:04:23,920 --> 01:04:27,080 the podcast. But essentially Jeff Booth makes 1170 01:04:27,080 --> 01:04:31,200 the argument that Bitcoin is the only thing that's going to 1171 01:04:31,200 --> 01:04:37,800 properly value your time, right? So look, if you're using Bitcoin 1172 01:04:37,800 --> 01:04:41,320 as your money, as your unit of account, look, look at this, 1173 01:04:41,480 --> 01:04:44,440 look at this, right? Like commodity, let's go with 1174 01:04:44,440 --> 01:04:47,680 commodities, right? So oil, let's go with housing, 1175 01:04:47,720 --> 01:04:51,360 right? Like if you're saving in Bitcoin 1176 01:04:51,360 --> 01:04:58,240 on A5 year time scale, that house got 94% cheaper on a three 1177 01:04:58,240 --> 01:05:00,640 years, a three-year time scale, 81% cheaper. 1178 01:05:01,200 --> 01:05:04,600 That's you primary SMP file. Everything, everything, 1179 01:05:04,600 --> 01:05:06,640 everything just gets cheaper against Bitcoin. 1180 01:05:07,080 --> 01:05:09,760 Everything gets cheaper. And but that's the way money 1181 01:05:09,760 --> 01:05:12,080 should work. That's the way money should 1182 01:05:12,080 --> 01:05:16,640 work. I look, you shouldn't be forced 1183 01:05:16,640 --> 01:05:20,120 to become a part time investor just to maintain your purchasing 1184 01:05:20,120 --> 01:05:24,480 power. Like, look, if you're a painter, 1185 01:05:24,880 --> 01:05:29,320 if you're a plumber, right, and you've honed or me and Opti, 1186 01:05:29,560 --> 01:05:32,240 right, we're Youtubers, we're content creators, we're talking 1187 01:05:32,240 --> 01:05:33,400 heads, whatever you want to call us. 1188 01:05:36,520 --> 01:05:39,040 What the, what the F do we know about finance? 1189 01:05:39,320 --> 01:05:42,320 Like, OK, fine, we're Bitcoin Youtubers, so it's a little bit 1190 01:05:42,320 --> 01:05:44,440 different. But let's say me and Opti were 1191 01:05:44,440 --> 01:05:47,920 like EE girls or whatever. And we were just like just 1192 01:05:47,920 --> 01:05:51,320 showed up and like, we're just like, OK, you know what, we're 1193 01:05:51,320 --> 01:05:54,560 going to play video games for a living and like all that stuff. 1194 01:05:54,560 --> 01:05:59,040 And we were just like talking and let's say we were successful 1195 01:05:59,040 --> 01:06:01,640 at it, right? And like, we're like, oh, me and 1196 01:06:01,640 --> 01:06:03,280 Opti were like, dude, we're starting to make money. 1197 01:06:03,280 --> 01:06:06,720 This is this is dope, right? And we had some extra savings. 1198 01:06:08,040 --> 01:06:13,520 The what the norm is right now is, oh, Nico, with that extra 1199 01:06:13,520 --> 01:06:16,320 savings, you should buy some real estate. 1200 01:06:16,760 --> 01:06:20,200 You should put your money in an index fund and let your money 1201 01:06:20,200 --> 01:06:23,160 grow for you. Why? 1202 01:06:23,880 --> 01:06:26,960 That is insane. People do say that, that any 1203 01:06:27,000 --> 01:06:28,880 kind. We, I know, so we live. 1204 01:06:28,880 --> 01:06:34,000 We live in a world where the population has been psyopped 1205 01:06:34,000 --> 01:06:37,360 into thinking that you, even though this is not your 1206 01:06:37,360 --> 01:06:45,000 speciality, have to learn how to invest to just maintain your 1207 01:06:45,000 --> 01:06:46,960 money. Not even grow your money just to 1208 01:06:46,960 --> 01:06:50,720 maintain your money. Bitcoiners are basically saying 1209 01:06:50,720 --> 01:06:55,640 listen, be the plumber, be the painter, be the artist, focus 1210 01:06:55,640 --> 01:07:00,440 and hone in on your craft and all you got to do is the excess 1211 01:07:00,440 --> 01:07:03,400 income, put it into Bitcoin as savings. 1212 01:07:04,760 --> 01:07:10,480 That's it, that's it. It like it's so simply Bitcoin. 1213 01:07:10,920 --> 01:07:13,640 It's in the, it's in the, it's in the effing name, right? 1214 01:07:14,360 --> 01:07:17,160 So anyways, wanted to read that article. 1215 01:07:17,160 --> 01:07:21,000 Want to give you that context. I would say I love the 1216 01:07:21,000 --> 01:07:23,080 conservative commentary. I love the liberal. 1217 01:07:24,680 --> 01:07:26,560 The liberal commentary is interesting. 1218 01:07:28,240 --> 01:07:31,480 And these are great. These are great, you know, great 1219 01:07:31,480 --> 01:07:36,880 creators on both sides, but they don't provide you a solution. 1220 01:07:36,880 --> 01:07:39,960 It's all doom and gloom. And I think their hearts are in 1221 01:07:39,960 --> 01:07:42,440 the right place. By the way, I voted for Obama 1222 01:07:42,440 --> 01:07:48,000 twice, OK, Grip. And I think the hearts are, I 1223 01:07:48,000 --> 01:07:50,720 think their hearts are in the right place and I think the 1224 01:07:50,720 --> 01:07:52,920 conservative hearts are in the right place too. 1225 01:07:54,200 --> 01:07:57,560 But Bitcoiners actually have a solution to this problem. 1226 01:07:58,160 --> 01:08:02,840 Bitcoiners have the solution to one of the world's toughest 1227 01:08:02,840 --> 01:08:05,320 problems. And of course, it's Bitcoin. 1228 01:08:05,520 --> 01:08:08,640 And it's really simple. Simply Bitcoin dollar cost 1229 01:08:08,640 --> 01:08:12,160 average every single day. Do it for at least four years, 1230 01:08:12,240 --> 01:08:14,320 your life will improve. Do it for eight years, you're 1231 01:08:14,320 --> 01:08:19,080 going to be relatively wealthier to the people around you because 1232 01:08:19,080 --> 01:08:20,960 you're on a Bitcoin standard. Simple as that. 1233 01:08:21,240 --> 01:08:24,000 Anyways, that's the I do. Want to say one last thing? 1234 01:08:24,000 --> 01:08:25,520 Simple. It's complicated. 1235 01:08:25,760 --> 01:08:31,439 I want to say it's complicated. This is why on the Friday show, 1236 01:08:31,439 --> 01:08:34,319 I brought up the Janet Yellen gaslighting about inflation is 1237 01:08:34,319 --> 01:08:37,120 because I think this is the pivotal message to get across to 1238 01:08:37,200 --> 01:08:39,840 everyone out there. Obviously people are feeling the 1239 01:08:39,840 --> 01:08:43,479 pain of inflation, but it's hard for them to pinpoint what is the 1240 01:08:43,479 --> 01:08:46,200 actual problem when they are getting distracted by every 1241 01:08:46,200 --> 01:08:47,800 other solution or problem out there. 1242 01:08:47,800 --> 01:08:49,600 There's a lot of problems in the world right now. 1243 01:08:49,840 --> 01:08:52,960 Obviously the fix the money, fix the world name isn't going to 1244 01:08:52,960 --> 01:08:56,240 fix everything, but that is where we need to start and 1245 01:08:56,240 --> 01:08:58,720 everything will follow suit. And while you were going, Nico, 1246 01:08:58,720 --> 01:09:01,800 I was reminded of the quote attributed to Henry Ford. 1247 01:09:02,040 --> 01:09:04,399 And I think this is the perfect way to send this off before we 1248 01:09:04,399 --> 01:09:07,160 go into the culture is, you know, again, this is attributed 1249 01:09:07,160 --> 01:09:08,680 to Henry Ford. There's debate here. 1250 01:09:08,680 --> 01:09:11,880 But the quote is it is well enough that people of the nation 1251 01:09:11,880 --> 01:09:14,520 do not understand our banking and monetary system. 1252 01:09:14,520 --> 01:09:18,000 For if they did, I believe there would be a revolution before 1253 01:09:18,000 --> 01:09:20,640 tomorrow morning. And this is the central message 1254 01:09:20,640 --> 01:09:23,000 that I think most people don't understand. 1255 01:09:23,000 --> 01:09:25,200 They don't understand how the banking system works. 1256 01:09:25,359 --> 01:09:27,000 They don't understand how money works. 1257 01:09:27,120 --> 01:09:30,479 It is complicated by design when you can really break things down 1258 01:09:30,640 --> 01:09:33,680 in you know 5th grade language and people understand the real 1259 01:09:33,680 --> 01:09:36,520 problem here. I am convinced that more people 1260 01:09:36,520 --> 01:09:39,439 and the majority of people are going to start saving in Bitcoin 1261 01:09:39,439 --> 01:09:42,319 and they will live a better life and this is the starting point 1262 01:09:42,319 --> 01:09:44,800 and then we can figure out everything else after the fact. 1263 01:09:44,800 --> 01:09:48,840 As we said earlier, Ron Paul said Fiat money is by decree. 1264 01:09:48,840 --> 01:09:51,399 They are telling you that this piece of paper has value. 1265 01:09:51,600 --> 01:09:54,840 Well, we have opted out of that and we are opting into something 1266 01:09:54,840 --> 01:09:58,280 that is hard cap that 21 million that cannot be debased that 1267 01:09:58,280 --> 01:10:00,360 literally can't steal your value over time. 1268 01:10:00,360 --> 01:10:02,640 It's actually designed to go up over time. 1269 01:10:02,920 --> 01:10:04,880 I don't know, it seems like a novel idea. 1270 01:10:04,880 --> 01:10:08,880 I, I like my savings going up. So anyways, let's get into the 1271 01:10:08,880 --> 01:10:11,680 culture, Nico. Yeah guys, let's get to the 1272 01:10:11,680 --> 01:10:12,440 culture. I'm excited. 1273 01:10:12,440 --> 01:10:14,120 I don't know what opt he's going to cover today, but I'm 1274 01:10:14,120 --> 01:10:15,240 definitely looking forward to it. 1275 01:10:15,240 --> 01:10:18,560 We will be right back and also we're on the verge of breaking 1276 01:10:18,560 --> 01:10:21,560 200 likes on YouTube broke 400 live viewers. 1277 01:10:21,800 --> 01:10:24,800 So guys, if you guys are watching on YouTube, smash that 1278 01:10:24,800 --> 01:10:26,440 like button. If you guys are watching on 1279 01:10:26,440 --> 01:10:29,560 rumble smash that like button. If you guys are watching on X 1280 01:10:29,760 --> 01:10:32,360 smash the like button and of course share the video comment, 1281 01:10:32,360 --> 01:10:35,720 whatever you guys want. The the the live chats are very, 1282 01:10:35,720 --> 01:10:38,120 very lively. All right, everybody, let's get 1283 01:10:38,120 --> 01:10:39,640 to the culture. Tons to talk about. 1284 01:10:39,640 --> 01:10:42,240 We'll be right back. I want to give a shout out to 1285 01:10:42,240 --> 01:10:45,000 our sponsor, Hive Digital Technologies. 1286 01:10:45,080 --> 01:10:49,440 As the first ever public miner, hives been battle tested through 1287 01:10:49,440 --> 01:10:55,040 every possible market and as the first with an AI strategy, Hive 1288 01:10:55,120 --> 01:10:58,960 continues to redefine the future of sustainable energy. 1289 01:10:59,120 --> 01:11:01,400 Also got to casually drop this in here. 1290 01:11:01,560 --> 01:11:06,320 Hive consistently tops the industry in Bitcoin mine per 1291 01:11:06,480 --> 01:11:08,840 Exahash. They're lean and mean, they're 1292 01:11:08,840 --> 01:11:11,800 green and clean, and they're changing the game. 1293 01:11:11,960 --> 01:11:15,760 Learn more by following them at Hive Digital Tech or check out 1294 01:11:15,760 --> 01:11:19,040 their website, hivedigitaltech.com. 1295 01:11:30,880 --> 01:11:33,560 All right, everybody, I also want to tell you guys about our 1296 01:11:33,560 --> 01:11:37,520 sponsor bit Block Boom Guys is going to be one of the best 1297 01:11:37,520 --> 01:11:41,280 Bitcoin conferences of the year. It's actually the first 1298 01:11:41,280 --> 01:11:45,720 conference where me and Opti met each other in person. 1299 01:11:45,720 --> 01:11:49,800 So it's very, very dear to not only simply Bitcoins history, 1300 01:11:49,800 --> 01:11:52,440 but also me and Opti's brotherhood and friendship. 1301 01:11:53,120 --> 01:11:55,480 So guys definitely don't want to miss it. 1302 01:11:55,640 --> 01:11:58,800 I think me and Opti, I think we, we've reached a level where we 1303 01:11:58,800 --> 01:12:02,560 can get separate rooms. Now at the time we were broke. 1304 01:12:04,240 --> 01:12:06,160 So, you know, we had to share a room. 1305 01:12:06,440 --> 01:12:08,680 Of course, you know, queen beds, separate beds. 1306 01:12:08,680 --> 01:12:13,320 But but yeah, I mean, yeah, guys definitely don't want to miss 1307 01:12:13,320 --> 01:12:16,000 this conference. It's going to be a a big Bitcoin 1308 01:12:16,000 --> 01:12:20,240 celebration April 3rd through the 6th of 2025. 1309 01:12:20,240 --> 01:12:22,680 It's going to be in Dallas, TX. It's going to be awesome. 1310 01:12:23,560 --> 01:12:27,760 And again, they have an axe throwing contest of the day at 1311 01:12:28,000 --> 01:12:32,760 shooting range. They they have a BBQ. 1312 01:12:32,760 --> 01:12:34,320 Of course they have the conference day. 1313 01:12:34,480 --> 01:12:36,880 We're going to be live streaming the entire conference on the 1314 01:12:36,880 --> 01:12:42,320 Simply Bitcoin channel, The Nico Opti, Rustin Dante, we're all 1315 01:12:42,320 --> 01:12:44,120 going to be there guys. It's going to be awesome. 1316 01:12:44,120 --> 01:12:47,880 And I, and I hope to see you guys in the flesh in Dallas, TX, 1317 01:12:47,880 --> 01:12:50,440 April 3rd through the 6th. Get your tickets quickly because 1318 01:12:50,440 --> 01:12:53,120 the tickets do increase. But I got good news. 1319 01:12:53,120 --> 01:12:59,680 If you use promo code BBB 21, you get $100 off of your 1320 01:12:59,680 --> 01:13:01,400 tickets. So you want to get those tickets 1321 01:13:01,400 --> 01:13:04,080 quickly. Anyways, I'm going to give Opti 1322 01:13:04,080 --> 01:13:05,920 the floor. Opti what is the culture about 1323 01:13:05,920 --> 01:13:07,480 today, my friend? Yeah, yeah. 1324 01:13:07,480 --> 01:13:10,000 So appreciate it. Thank you, guys. 1325 01:13:10,000 --> 01:13:14,000 I dropped the wait to decide. I think I dropped the poll here 1326 01:13:14,080 --> 01:13:17,360 on YouTube and we got to get these numbers up. 1327 01:13:17,360 --> 01:13:21,720 I I have to do this every once in a while, so I am yeah, I I am 1328 01:13:21,720 --> 01:13:26,000 going to do that. I am once again here to tell you 1329 01:13:26,000 --> 01:13:30,240 why you need to run a node. So the poll here is on YouTube 1330 01:13:30,240 --> 01:13:33,400 and I asked you guys on Rumble. Only a few people responded, but 1331 01:13:33,400 --> 01:13:36,240 a very simple poll guys. Do you run a Bitcoin node? 1332 01:13:36,320 --> 01:13:40,360 There is about everyone watching this show right now, about 400 1333 01:13:40,360 --> 01:13:43,720 people of you, 400 of you guys that that responded to this, 1334 01:13:43,720 --> 01:13:48,040 it's really 359. But 23% of you guys say yes, you 1335 01:13:48,040 --> 01:13:52,080 do run a Bitcoin node and 76% of you guys that hang out with us 1336 01:13:52,080 --> 01:13:55,720 every single day say no, you do not run a Bitcoin node. 1337 01:13:55,880 --> 01:13:59,920 So before I go into this, why you need to run a node, will you 1338 01:13:59,920 --> 01:14:02,480 comment in the chat why you don't run a node? 1339 01:14:02,480 --> 01:14:05,400 And maybe we'll talk about that after I go through this. 1340 01:14:05,400 --> 01:14:08,840 So I saw this good quote here, a good thread and shout out to my 1341 01:14:08,840 --> 01:14:10,480 boy. I, I don't know what his name is 1342 01:14:10,480 --> 01:14:13,720 right now, but it's usually, you know, Opti's Big Mac reserve, 1343 01:14:14,000 --> 01:14:18,040 Opti's reserve of central bank girlfriend I opt is something 1344 01:14:18,040 --> 01:14:20,480 trolling me in the chat. He's not here today, but he's 1345 01:14:20,480 --> 01:14:23,320 telling me on Twitter that we need to talk about nodes again 1346 01:14:23,320 --> 01:14:24,840 on the show. I guess I haven't talked about 1347 01:14:24,840 --> 01:14:28,560 nodes for a while on the show and today I'm not necessarily 1348 01:14:28,560 --> 01:14:30,680 going to do you know how to run a node. 1349 01:14:30,680 --> 01:14:32,960 It's more about the why you should run a node because the 1350 01:14:32,960 --> 01:14:34,960 how is pretty simple. I will kind of give you some 1351 01:14:34,960 --> 01:14:39,280 options at the end, but the main point and This is why I need to 1352 01:14:39,320 --> 01:14:41,920 keep doing this constantly is because the numbers are showing. 1353 01:14:41,920 --> 01:14:44,920 Even people that hang out with us every single day aren't 1354 01:14:44,920 --> 01:14:48,000 running Bitcoin nodes and we need to get those numbers up. 1355 01:14:48,000 --> 01:14:51,680 Gotta pump those numbers up. And then on the weekend I saw a 1356 01:14:51,680 --> 01:14:54,320 great, great thread here. You know, it's a short thread by 1357 01:14:54,320 --> 01:14:56,160 my node. Shout out the my nodes over 1358 01:14:56,160 --> 01:14:58,400 there a way to run a Bitcoin and lightning node. 1359 01:14:58,720 --> 01:15:01,920 And they did a thread here, you know, short Twitter post of why 1360 01:15:01,920 --> 01:15:05,000 you should run a Bitcoin node and it goes first tweet. 1361 01:15:05,000 --> 01:15:08,120 How does a Bitcoin node prevent invalid blocks from being added 1362 01:15:08,120 --> 01:15:11,280 to the blockchain? A node checks every block 1363 01:15:11,280 --> 01:15:14,200 against the Bitcoin consensus rules before accepting it. 1364 01:15:14,440 --> 01:15:17,520 It verifies things like block size transaction, but valid 1365 01:15:17,560 --> 01:15:21,120 validity and proof of work. If even one transaction is 1366 01:15:21,120 --> 01:15:23,440 incorrect, the entire block is rejected. 1367 01:15:23,680 --> 01:15:27,080 This is how nodes ensure miners can't cheat the system, keeping 1368 01:15:27,080 --> 01:15:29,160 the blockchain honest and immutable. 1369 01:15:29,400 --> 01:15:31,880 Now it's not just enough to run a node. 1370 01:15:31,880 --> 01:15:34,840 It's not just enough to have a node out there that you call 1371 01:15:34,840 --> 01:15:37,440 your own. You need to validate your 1372 01:15:37,440 --> 01:15:40,280 transactions coming in with your personal node. 1373 01:15:40,480 --> 01:15:44,480 And that's how you are using Bitcoin now, my boy, Mr. Hoddle 1374 01:15:44,480 --> 01:15:47,960 on Twitter, he's a little more militant than I am, but I I 1375 01:15:47,960 --> 01:15:52,000 totally agree with this message. And Mr. Hallo goes either you're 1376 01:15:52,000 --> 01:15:55,240 self validating, literally using the Bitcoin network, literally 1377 01:15:55,240 --> 01:15:58,440 running your own node or someone else is doing it for you. 1378 01:15:58,440 --> 01:16:01,920 You must be running a Bitcoin node to use the Bitcoin network. 1379 01:16:02,200 --> 01:16:04,200 Now there is different portions here. 1380 01:16:04,200 --> 01:16:06,760 Yes, of course, you know, you can protect your purchasing 1381 01:16:06,760 --> 01:16:09,080 power by getting some capital into Bitcoin. 1382 01:16:09,240 --> 01:16:13,080 You can achieve the number go up aspect of Bitcoin and and that's 1383 01:16:13,080 --> 01:16:17,000 one aspect of this, but the second aspect is you need to be 1384 01:16:17,000 --> 01:16:21,640 running a node to to validate and verify your own 1385 01:16:21,640 --> 01:16:24,240 transactions. It's not just enough to have a 1386 01:16:24,280 --> 01:16:27,080 node out there, you need to connect your Bitcoin wallets to 1387 01:16:27,120 --> 01:16:31,000 that node so that when you send Bitcoin 1, you know it's 1388 01:16:31,000 --> 01:16:35,800 actually Bitcoin and two that you are self validating these 1389 01:16:35,800 --> 01:16:38,480 transactions. The more economic nodes we get, 1390 01:16:38,480 --> 01:16:42,040 the more people using those to validate their transactions, the 1391 01:16:42,040 --> 01:16:45,320 more decentralized and robust a network a Bitcoin network gets. 1392 01:16:45,640 --> 01:16:47,880 This is. I mean, you could argue that 1393 01:16:47,880 --> 01:16:51,680 this might be the most important aspect, obviously taking Bitcoin 1394 01:16:51,680 --> 01:16:54,040 into self custody. But you want to take Bitcoin 1395 01:16:54,040 --> 01:16:57,560 into self custody, validating these transactions with a node 1396 01:16:57,720 --> 01:17:00,600 that you control. So you are not trusting a 1397 01:17:00,600 --> 01:17:03,320 middleman. Remember the Bitcoin white paper 1398 01:17:03,760 --> 01:17:06,760 the Internet works and payments on the Internet work because of 1399 01:17:06,760 --> 01:17:10,280 a high trust society, but we are trusting third parties eliminate 1400 01:17:10,280 --> 01:17:12,680 the middle men stop trusting someone else. 1401 01:17:12,680 --> 01:17:15,680 Yes, there is levels to this. If you don't think you are, you 1402 01:17:15,680 --> 01:17:18,840 know technically savvy enough, then maybe get in touch with 1403 01:17:18,840 --> 01:17:20,960 someone in your family that is technically savvy. 1404 01:17:20,960 --> 01:17:23,480 That is a big corner and they can Uncle Jim you they can 1405 01:17:23,480 --> 01:17:25,480 validate your transactions with their node. 1406 01:17:25,760 --> 01:17:28,080 I think this is a good kind of middle step. 1407 01:17:28,080 --> 01:17:30,840 If you don't fully trust yourself, it's really not that 1408 01:17:30,840 --> 01:17:33,280 complicated. But you need to run a node. 1409 01:17:33,280 --> 01:17:36,320 If you, you are an ardent bitcoiner, if you hang out with 1410 01:17:36,320 --> 01:17:39,480 us every single day, and I would argue, you know, millennial like 1411 01:17:39,480 --> 01:17:44,200 myself or younger or Gen. Xer, you should be running a 1412 01:17:44,200 --> 01:17:45,600 note. It's really not that 1413 01:17:45,600 --> 01:17:48,040 complicated. If I can do it, you can do it 1414 01:17:48,840 --> 01:17:52,440 just takes a little time and you but this is one of the most 1415 01:17:52,440 --> 01:17:54,880 important things. Again, either you are self 1416 01:17:54,880 --> 01:17:58,760 validating literally using a Bitcoin node or someone else is 1417 01:17:58,760 --> 01:18:01,400 doing it for you. You must use a Bitcoin node to 1418 01:18:01,400 --> 01:18:04,440 use the Bitcoin network. It is just downloading software. 1419 01:18:04,560 --> 01:18:06,560 There's many ways to do this. Obviously. 1420 01:18:06,560 --> 01:18:08,240 I think it's kind of a rite of passage. 1421 01:18:08,240 --> 01:18:11,320 If you go to bitcoin.org and I have to set up, this is a 1422 01:18:11,320 --> 01:18:13,840 homepage here for you guys. You go up here to participate, 1423 01:18:14,080 --> 01:18:16,800 you hit running a node and you get to this page. 1424 01:18:16,960 --> 01:18:20,440 At the very least, go read this. Go read this so you know why you 1425 01:18:20,440 --> 01:18:23,280 need to run a Bitcoin node. I think it's again a rite of 1426 01:18:23,280 --> 01:18:26,080 passage where everyone downloads a Bitcoin node. 1427 01:18:26,200 --> 01:18:28,880 You do the initial block download, you sit there for a 1428 01:18:28,880 --> 01:18:32,080 while on your computer and you get all the Bitcoin blocks and 1429 01:18:32,080 --> 01:18:34,160 transactions from the very beginning. 1430 01:18:34,320 --> 01:18:36,880 So you know you're a full participant of the Bitcoin 1431 01:18:36,880 --> 01:18:40,200 network. It really it, it, this is free. 1432 01:18:40,400 --> 01:18:44,120 You can do it on an old laptop, but if you want to have more of 1433 01:18:44,120 --> 01:18:47,640 a personalized standing node that's always there verifying, 1434 01:18:47,640 --> 01:18:50,280 always running the network connected to your Bitcoin 1435 01:18:50,280 --> 01:18:52,560 wallets. Obviously we're huge fans of 1436 01:18:52,560 --> 01:18:54,760 start 9. I love my server pure. 1437 01:18:54,960 --> 01:18:57,600 It's in the other room, it's chilling, it's connected to all 1438 01:18:57,600 --> 01:18:59,880 my Bitcoin wallets. You connected to your favorite 1439 01:18:59,880 --> 01:19:02,800 Bitcoin wallets, you know, Electrum and Sparrow, all the 1440 01:19:02,800 --> 01:19:03,840 good stuff. So there's the. 1441 01:19:03,840 --> 01:19:05,760 Promo. Code down below, promo code 1442 01:19:05,760 --> 01:19:08,600 there and. Give you a discount. 1443 01:19:10,040 --> 01:19:13,520 This is really before I pass it over to Nico and I guess I 1444 01:19:13,520 --> 01:19:16,800 should end this poll. These numbers are too high here 1445 01:19:16,800 --> 01:19:18,920 of people not running Bitcoin nodes. 1446 01:19:18,920 --> 01:19:22,960 If you are hanging out with us in the chat, I would say that 1447 01:19:22,960 --> 01:19:28,800 one of your 2025 goals should be to run a Bitcoin node. 76% of 1448 01:19:28,800 --> 01:19:31,160 you guys aren't running a node that hang out with us every 1449 01:19:31,160 --> 01:19:33,920 single day. That number is way too high. 1450 01:19:33,920 --> 01:19:37,280 We need to get you guys running more Bitcoin nodes, verifying 1451 01:19:37,280 --> 01:19:40,680 your transactions for yourself, and stop trusting other people. 1452 01:19:40,920 --> 01:19:45,160 OK, rant over Nico, take it. Yeah, yeah. 1453 01:19:45,320 --> 01:19:46,840 First of all, absolutely crushed it. 1454 01:19:46,840 --> 01:19:49,280 Monday morning Culture. Absolutely love it. 1455 01:19:49,280 --> 01:19:53,080 This is why we named it the Culture very fitting for Opti. 1456 01:19:54,080 --> 01:19:59,400 Opti is the culture. But look, you got it. 1457 01:19:59,400 --> 01:20:02,800 Perhaps node is like an intimidating word. 1458 01:20:04,680 --> 01:20:10,720 Look, all running a node is is like you could, you're just 1459 01:20:10,720 --> 01:20:13,600 running Bitcoin software. OK, you could do this on your 1460 01:20:13,600 --> 01:20:16,760 Mac, You could do this on your PC, right? 1461 01:20:18,640 --> 01:20:21,360 And as you're running the Bitcoin software? 1462 01:20:22,400 --> 01:20:27,760 You're running a node, right? Ideally you don't want to run a 1463 01:20:27,760 --> 01:20:31,680 node or you don't want to run the Bitcoin software on your 1464 01:20:32,320 --> 01:20:35,760 day-to-day computer because bitcoins are pretty hefty 1465 01:20:35,760 --> 01:20:39,240 software and you obviously you want it to be plugged, you want 1466 01:20:39,240 --> 01:20:42,080 to be, you want it to be synced to to the blockchain all the 1467 01:20:42,080 --> 01:20:45,920 time. So what we recommend is getting 1468 01:20:46,080 --> 01:20:54,320 a dedicated computer that is just literally like its purpose 1469 01:20:54,600 --> 01:20:57,400 is just to run the Bitcoin software, right? 1470 01:20:59,200 --> 01:21:01,080 With Start 9. They're incredible. 1471 01:21:01,080 --> 01:21:04,600 It gives you more functionality. So it's not just a Bitcoin node, 1472 01:21:04,600 --> 01:21:08,160 it's also a server, right, that you can connect to remotely 1473 01:21:08,160 --> 01:21:12,520 anywhere across the world. You can run your node, the 1474 01:21:12,520 --> 01:21:16,200 Bitcoin software to Tor. So people don't know that you're 1475 01:21:16,200 --> 01:21:21,760 running Bitcoin at your home IP address and that's essentially 1476 01:21:21,760 --> 01:21:23,680 how the Bitcoin network works, right? 1477 01:21:23,920 --> 01:21:28,000 I, I mentioned earlier, I said Bitcoins decentralisation is 1478 01:21:28,000 --> 01:21:31,360 key. The decentralisation falls on 1479 01:21:31,360 --> 01:21:35,720 you, right? If you become one more node in 1480 01:21:35,720 --> 01:21:38,200 the network, Bitcoin becomes more decentralised. 1481 01:21:39,320 --> 01:21:42,600 Like that's the whole point. So if you're a little bit 1482 01:21:42,600 --> 01:21:45,800 intimidated and you're like dude, like this self custody 1483 01:21:45,800 --> 01:21:48,840 shit is already like too big. Now you're talking about node. 1484 01:21:48,840 --> 01:21:52,880 Like what does that even mean? It's just a computer that is 1485 01:21:52,880 --> 01:21:56,720 running the Bitcoin software. That's all a node is, right? 1486 01:21:57,200 --> 01:22:01,320 And we've come a very long way in the last five years. 1487 01:22:01,320 --> 01:22:04,400 When we and Octi were doing this, there was no companies 1488 01:22:04,400 --> 01:22:09,040 that focused on making devices. I'll tell you the device I run, 1489 01:22:09,120 --> 01:22:11,400 I run the Start 9, the server pure. 1490 01:22:11,400 --> 01:22:16,000 It's right here people. You know what I what Start 9 is 1491 01:22:16,000 --> 01:22:19,600 pretty cool about is that their software is open source. 1492 01:22:20,000 --> 01:22:22,200 So let's say you don't want to buy a computer from them. 1493 01:22:22,400 --> 01:22:24,920 Let's say you have an old computer and you're like Nico, 1494 01:22:24,920 --> 01:22:26,880 I'm not using this computer for anything else. 1495 01:22:26,880 --> 01:22:30,120 It's just sitting there. You could download the Start 9 1496 01:22:30,120 --> 01:22:34,760 software onto that computer and you could just run a node or you 1497 01:22:34,760 --> 01:22:37,640 can actually just go to bitcoin.org and just download 1498 01:22:37,640 --> 01:22:40,480 the Bitcoin software from the website there and then run it on 1499 01:22:40,480 --> 01:22:44,200 your computer too, right? So you could do it in a variety 1500 01:22:44,200 --> 01:22:45,760 way. You can do it on your daily 1501 01:22:45,760 --> 01:22:47,880 driver. Let's say you know, like you 1502 01:22:47,880 --> 01:22:50,680 have a desktop and that desktop is always on. 1503 01:22:51,440 --> 01:22:54,040 You can run it on there. I suggest you don't do that 1504 01:22:54,040 --> 01:22:58,040 cause again, Bitcoins a somewhat heavy software and if your 1505 01:22:58,040 --> 01:23:02,800 device isn't beefy enough, you know it, it could be taxing on 1506 01:23:02,800 --> 01:23:06,240 the device itself. So and then let's talk a little 1507 01:23:06,240 --> 01:23:10,360 bit about like what Opti was saying and he was quoting Mr. 1508 01:23:10,360 --> 01:23:13,920 Hoddle's tweet. Like every time you send a 1509 01:23:13,920 --> 01:23:17,040 Bitcoin transaction, it's going through a node. 1510 01:23:17,360 --> 01:23:22,040 There's no other way, right? So if you are using Blue Wallet 1511 01:23:22,040 --> 01:23:26,320 on your phone, if you're using Sparrow on your laptop, if 1512 01:23:26,320 --> 01:23:30,320 you're using Electrum for the for the people that still use 1513 01:23:30,320 --> 01:23:34,840 Electrum and you're broadcasting a transaction, it is going 1514 01:23:34,840 --> 01:23:38,200 through a node. Every time it goes through a 1515 01:23:38,200 --> 01:23:42,240 node, you are doxing the fact that you have that Bitcoin and 1516 01:23:42,240 --> 01:23:46,520 you're doxing your balance. Because what these software, 1517 01:23:46,520 --> 01:23:50,160 what these wallet softwares do to tell you the balance of 1518 01:23:50,160 --> 01:23:54,080 Bitcoin that you have is they basically ask a node and they 1519 01:23:54,080 --> 01:23:57,320 say, how much Bitcoin does each one of these addresses have? 1520 01:23:57,640 --> 01:24:00,200 And then they sum it together and then they tell you this is 1521 01:24:00,200 --> 01:24:03,960 your Bitcoin balance. So if you're sending that 1522 01:24:03,960 --> 01:24:08,200 information to someone else's computer, they could surmise 1523 01:24:08,200 --> 01:24:12,320 that like, OK, this IP address probably has this much Bitcoin 1524 01:24:12,320 --> 01:24:15,400 because they're asking me about all these specific Bitcoin 1525 01:24:15,400 --> 01:24:21,440 addresses, right? So with Sparrow, with Electrum, 1526 01:24:21,440 --> 01:24:26,120 with Blue Wallet, they all give you the functionality to connect 1527 01:24:26,120 --> 01:24:29,240 to your own node. So let's say I'm travelling, I'm 1528 01:24:29,240 --> 01:24:31,840 travelling and I travel a lot for conferences, right? 1529 01:24:33,440 --> 01:24:36,240 And I'm like, dude, I, I, I got to make payroll, right? 1530 01:24:36,280 --> 01:24:39,600 Got to pay everyone out at the end of the month simply or I 1531 01:24:39,600 --> 01:24:43,480 have to make a payment for, you know, Bitcoin, right? 1532 01:24:45,520 --> 01:24:49,280 I pull up my Electrum, my Sparrow, my blue wallet, 1533 01:24:49,280 --> 01:24:56,280 whatever wallet I'm using and that wallet is connecting to my 1534 01:24:56,280 --> 01:24:58,720 note. I'm not trusting anybody. 1535 01:24:59,280 --> 01:25:03,960 I'm there is no other person that I'm asking, hey, what is my 1536 01:25:03,960 --> 01:25:07,480 balance? I'm asking my own computer. 1537 01:25:07,480 --> 01:25:12,080 What is my balance? So there's privacy to it and it 1538 01:25:12,080 --> 01:25:17,120 also gives me a vote because whenever there's a bit, whenever 1539 01:25:17,120 --> 01:25:21,760 there is a change to Bitcoin software, your vote is 1540 01:25:21,760 --> 01:25:24,960 basically, am I going to download that new software? 1541 01:25:25,120 --> 01:25:28,160 No, I actually disagree with it. I'm going to run this software. 1542 01:25:29,280 --> 01:25:31,400 I don't like that software. There's things that I don't like 1543 01:25:31,400 --> 01:25:32,360 about that software. Whatever. 1544 01:25:32,720 --> 01:25:35,600 If you don't run a node, if you don't run your own version of 1545 01:25:35,600 --> 01:25:37,280 Bitcoin software, you don't have a vote. 1546 01:25:37,280 --> 01:25:40,840 You don't have a vote. Someone else is voting for you 1547 01:25:41,640 --> 01:25:44,400 by choosing what software they choose to run, right? 1548 01:25:45,000 --> 01:25:47,400 So yeah, it's incredibly important. 1549 01:25:47,400 --> 01:25:50,480 We got to get those numbers up. Hopefully, you know, maybe we 1550 01:25:50,480 --> 01:25:53,480 got to maybe make it like a tutorial or something of that 1551 01:25:53,480 --> 01:25:55,480 because it's like a seems like a very popular talk. 1552 01:25:55,760 --> 01:25:57,360 Seems like a lot of you guys are not doing it. 1553 01:25:57,800 --> 01:26:03,360 And it's super easy these days. You literally go to start 9. 1554 01:26:03,360 --> 01:26:05,600 That's I recommend it because that's the one I use. 1555 01:26:07,600 --> 01:26:10,800 And you know, you can buy their software or let's say you don't 1556 01:26:10,800 --> 01:26:14,560 want to buy their software, you can download their software and 1557 01:26:14,560 --> 01:26:16,080 put it on an older computer free. 1558 01:26:16,600 --> 01:26:18,120 It's free. You don't have to pay anything, 1559 01:26:18,320 --> 01:26:21,280 right? But if you are at a certain 1560 01:26:21,480 --> 01:26:26,280 point in your Bitcoin journey, there is absolutely no reason as 1561 01:26:26,280 --> 01:26:30,920 to why you shouldn't be running your own Bitcoin software. 1562 01:26:31,720 --> 01:26:34,640 I'll leave it at that guys, this was simply Bitcoin live for 1563 01:26:34,640 --> 01:26:39,680 January 13th, almost halfway through the month and we're only 1564 01:26:39,680 --> 01:26:42,560 at 91 Ki thought 2025 was supposed to be a party. 1565 01:26:42,560 --> 01:26:45,080 What happened? If you guys enjoyed the show, 1566 01:26:45,080 --> 01:26:46,280 you know what to do. Smash the like button. 1567 01:26:46,280 --> 01:26:48,960 Consider subscribing to simply Bitcoin if you feel like we 1568 01:26:48,960 --> 01:26:52,360 provided you value and of course, I'm your host Nico. 1569 01:26:52,440 --> 01:26:54,400 He's my legendary Co host Optimus Fields. 1570 01:26:54,560 --> 01:26:57,040 We're signing out for today. We'll be back tomorrow for a 1571 01:26:57,040 --> 01:27:00,680 brand new episode of Simply Bitcoin Live. 1572 01:27:01,680 --> 01:27:04,920 Today's episode was brought to you by bitcoinwell.com, a 1573 01:27:04,920 --> 01:27:08,080 Bitcoin only platform on a mission to enable financial 1574 01:27:08,080 --> 01:27:08,880 independence.