1 00:00:03,560 --> 00:00:06,360 It's all going to zero against Bitcoin. 2 00:00:07,160 --> 00:00:17,040 It's going up forever. You're against Bitcoin. 3 00:00:17,120 --> 00:00:23,560 You're against freedom. Yeah. 4 00:00:23,560 --> 00:00:25,520 Welcome to another episode of Simply Bitcoin Live. 5 00:00:25,520 --> 00:00:27,680 Very number one starts with the peaceful Bitcoin revolution. 6 00:00:27,680 --> 00:00:29,760 Corporate news, Culture, Magic Warfare will be your guide 7 00:00:29,760 --> 00:00:31,320 through the separation of money and state. 8 00:00:31,320 --> 00:00:33,600 Ladies and gentlemen, welcome to the most watched daily Bitcoin 9 00:00:33,600 --> 00:00:35,280 live show on YouTube. Rumble Annex. 10 00:00:35,520 --> 00:00:37,640 Welcome to Simply. Welcome to Simply Bitcoin. 11 00:00:37,960 --> 00:00:41,160 Sit back, relax, Enjoy the ride. We have a lot to talk about 12 00:00:41,160 --> 00:00:43,960 today. First, coming up, Norway wants 13 00:00:43,960 --> 00:00:48,160 to curb Bitcoin mining with Europe's first data center 14 00:00:48,160 --> 00:00:50,000 regulation. Now what's really interesting 15 00:00:50,000 --> 00:00:55,040 about Norway also and the reason the reasoning behind this, you 16 00:00:55,080 --> 00:00:59,680 know, this new kind of ban on Bitcoin mining is it doesn't 17 00:00:59,680 --> 00:01:00,960 make sense. Why? 18 00:01:00,960 --> 00:01:07,600 Because 100% or all close to 100% of Norway's Bitcoin mining 19 00:01:07,600 --> 00:01:09,360 is powered by renewable energies. 20 00:01:10,840 --> 00:01:15,400 Second reason is that where is Norway's Bitcoin mining 21 00:01:15,400 --> 00:01:19,720 happening geographically? And the other thing which I'll 22 00:01:19,720 --> 00:01:22,640 still I I I'm going to keep beating this drum. 23 00:01:22,640 --> 00:01:25,960 So people under people understand you can't just set up 24 00:01:25,960 --> 00:01:29,640 a Bitcoin mining operation in the middle of Manhattan, in the 25 00:01:29,640 --> 00:01:32,200 middle of New York City. It doesn't work like that. 26 00:01:32,320 --> 00:01:34,560 Why? Because Bitcoin needs cheap 27 00:01:34,560 --> 00:01:38,400 energy, it needs energy and if energy is cheap, that means that 28 00:01:38,400 --> 00:01:41,560 there's a lower demand on it. So what tends to happen is that 29 00:01:41,560 --> 00:01:45,520 most Bitcoin mining, most Bitcoin mining happens around 30 00:01:45,600 --> 00:01:50,040 isolated energy pockets, meaning this energy was already going to 31 00:01:50,040 --> 00:01:52,880 waste. But what we keep hearing from 32 00:01:53,000 --> 00:01:56,200 the detractors, what we keep hearing from regulators, what we 33 00:01:56,200 --> 00:02:01,280 keep hearing from the enemies of Bitcoin is that somehow Bitcoin 34 00:02:01,280 --> 00:02:05,600 mining is just consuming all this energy and you know, it's 35 00:02:05,600 --> 00:02:08,479 taking away energy from people that needed that energy. 36 00:02:09,080 --> 00:02:13,400 And that's not the case. Like I said, if it's not excess 37 00:02:13,400 --> 00:02:17,440 stranded energy, it's too expensive for Bitcoin miners. 38 00:02:18,040 --> 00:02:21,160 And one of the things that a lot of people don't know about 39 00:02:21,160 --> 00:02:26,360 energy is when when you produce it, you have to use it, you have 40 00:02:26,360 --> 00:02:30,320 to use that electricity. It's not very economical to 41 00:02:30,320 --> 00:02:34,920 store battery technology. Not only is it not dare to store 42 00:02:34,920 --> 00:02:38,960 vast amounts of energy over time, it's like your iPhone. 43 00:02:39,000 --> 00:02:42,200 Like you leave your iPhone on your desk overnight and it's at 44 00:02:42,200 --> 00:02:45,480 100% and it's not plugged in. You wake up, it's like a 99 or 45 00:02:45,480 --> 00:02:48,760 98%, right? Over time, batteries you like, 46 00:02:48,800 --> 00:02:52,360 lose a little bit of energy and then the transportation thing, 47 00:02:52,360 --> 00:02:54,480 right? If you transport electricity 48 00:02:54,480 --> 00:02:58,400 over long distances, it loses. It's like, it's very similar to 49 00:02:58,400 --> 00:03:01,880 like how a battery kind of loses efficiency and power, right? 50 00:03:02,160 --> 00:03:04,960 So you kind of have to use it on the spot, right? 51 00:03:05,400 --> 00:03:10,040 So it kind of creates this situation where before Bitcoin, 52 00:03:10,480 --> 00:03:14,200 stranded energy, excess energy, had no value, had no monetary 53 00:03:14,200 --> 00:03:16,280 value. For the first time in human 54 00:03:16,280 --> 00:03:21,200 history, these isolated energy pockets now all of a sudden have 55 00:03:21,200 --> 00:03:23,040 value. It's never happened before, 56 00:03:23,240 --> 00:03:25,080 right? And I think it's going to create 57 00:03:25,080 --> 00:03:28,680 like this, no pun intended, like this new type of gold rush type 58 00:03:28,680 --> 00:03:33,760 of scenario where if you'll have like towns and cities, and I'm 59 00:03:33,760 --> 00:03:36,880 really bullish on Africa and South America in this on, on 60 00:03:36,880 --> 00:03:39,200 this topic. I think what you're going to see 61 00:03:39,200 --> 00:03:41,600 is you're going to see like these, these new kind of mining 62 00:03:41,600 --> 00:03:44,440 towns, but not like gold mining towns, but like you know like if 63 00:03:44,440 --> 00:03:47,080 you go to Colorado, you'll see these like abandoned gold mining 64 00:03:47,080 --> 00:03:49,880 towns and stuff and of course they're now abandoned because 65 00:03:49,880 --> 00:03:51,560 you know, people have moved on and whatnot. 66 00:03:51,840 --> 00:03:56,440 I think what you're going to see is these stranded energy kind of 67 00:03:56,440 --> 00:03:59,960 civilizations and towns and whatever that otherwise no one 68 00:03:59,960 --> 00:04:01,840 would go there. All of a sudden Bitcoin miners 69 00:04:01,840 --> 00:04:05,040 just kind of flood in, start hiring people there, start 70 00:04:05,040 --> 00:04:08,000 bringing like opportunity and all that stuff. 71 00:04:08,000 --> 00:04:10,240 And I think this is going to happen on a worldwide scale. 72 00:04:10,800 --> 00:04:12,640 And I mean look at what happened, look at what's 73 00:04:12,640 --> 00:04:14,240 happening in the Kingdom of Bhutan, right. 74 00:04:14,240 --> 00:04:17,920 It's just like very small country in Asia, but has a 75 00:04:17,920 --> 00:04:20,320 tremendous amount of hydroelectric capacity. 76 00:04:20,640 --> 00:04:23,920 You know, they started with 100 megawatts and now they just 77 00:04:23,920 --> 00:04:26,480 upped it. They just just just came out, 78 00:04:26,480 --> 00:04:29,560 they upped it from 100 megawatts to 600 megawatts. 79 00:04:29,560 --> 00:04:31,640 So they upped it by five times really. 80 00:04:32,080 --> 00:04:35,040 So yeah, I I I'm extremely bullish on Bitcoin mining. 81 00:04:35,040 --> 00:04:37,960 And I think governments are, and this goes back to the sovereign 82 00:04:37,960 --> 00:04:41,120 individual, they're going to have to take this pill and this 83 00:04:41,120 --> 00:04:43,600 really pill that's going to be hard to swallow and they're 84 00:04:43,600 --> 00:04:46,320 going to come to the realization that you can't ban Bitcoin 85 00:04:46,320 --> 00:04:47,640 mining. It's not going to go away. 86 00:04:48,080 --> 00:04:51,120 You can only ban yourself from the benefits of Bitcoin mining, 87 00:04:51,280 --> 00:04:53,520 right? And a good example of that was 88 00:04:53,520 --> 00:04:56,640 the China ban. The China ban happened and you 89 00:04:56,640 --> 00:05:01,360 had this great migration of Bitcoin miners from China to 90 00:05:01,360 --> 00:05:03,080 other friendlier jurisdictions, right? 91 00:05:03,280 --> 00:05:07,680 Most of it being Kazakhstan and the state of Texas in the United 92 00:05:07,680 --> 00:05:09,960 States, right. So anyways, we're going to talk 93 00:05:09,960 --> 00:05:12,800 about that. And also, Natalie Burnell went 94 00:05:12,840 --> 00:05:14,160 on speaking in the Overton window. 95 00:05:14,160 --> 00:05:16,320 I know a lot of you guys are gonna give me crap on that, but 96 00:05:16,320 --> 00:05:18,160 I'm gonna keep bringing it up, 'cause it's really important in 97 00:05:18,160 --> 00:05:21,440 the separation of money and state, information warfare on 98 00:05:21,440 --> 00:05:24,120 the Internet. Natalie Burnell went on Fox 99 00:05:24,120 --> 00:05:29,640 Business and she debated Peter Schiff on Gold And I was getting 100 00:05:30,040 --> 00:05:32,600 messages from kind of like family members and all that 101 00:05:32,600 --> 00:05:35,560 stuff and and they were just basically saying like this Peter 102 00:05:35,560 --> 00:05:39,960 Schiff guy, he's a like he's not being very smart right now, to 103 00:05:39,960 --> 00:05:43,400 put it nicely. So yeah, the the Overton window 104 00:05:43,400 --> 00:05:45,800 is shifting. These types of debates and 105 00:05:45,800 --> 00:05:49,600 discussions on the legacy corporate media is extremely 106 00:05:49,600 --> 00:05:52,360 important because the people that are watching that type of 107 00:05:52,360 --> 00:05:54,680 media tend to be the older generations and the older 108 00:05:54,680 --> 00:05:56,680 generations are the ones that have the lion's share of the 109 00:05:56,680 --> 00:05:59,320 world's wealth. So I think this is really good 110 00:05:59,440 --> 00:06:02,640 in terms of the hyper bitcoinization mission that 111 00:06:02,640 --> 00:06:04,640 we're on. In terms of, you know, the 112 00:06:04,640 --> 00:06:06,920 separation of money and state, we're definitely heading in the 113 00:06:06,920 --> 00:06:09,800 right direction. But this little little speed 114 00:06:09,800 --> 00:06:12,040 bump by Norway, I don't, I don't know what they're thinking. 115 00:06:12,240 --> 00:06:14,440 And we'll kind of go into the details of that. 116 00:06:14,480 --> 00:06:15,920 I'm gonna bring up my legendary codes. 117 00:06:16,040 --> 00:06:19,720 We're doing an episode, him and I alone today. 118 00:06:19,720 --> 00:06:21,800 And I'm so excited. In a minute, we. 119 00:06:21,800 --> 00:06:25,160 Haven't done one in a while, but I love doing an episode with 120 00:06:25,160 --> 00:06:26,640 Opti 'cause we absolutely rip it. 121 00:06:26,640 --> 00:06:28,760 And what are you gonna talk about during the culture, my 122 00:06:28,760 --> 00:06:31,280 friend? Well, I got a good one. 123 00:06:31,280 --> 00:06:33,720 It might be a little spicy for people out there, but before I 124 00:06:33,720 --> 00:06:37,840 do that, I did do a quick little Wikipedia search on Norway's 125 00:06:37,840 --> 00:06:39,640 energy. And this is just the top of 126 00:06:39,640 --> 00:06:41,120 Wikipedia. You guys could throw tomatoes 127 00:06:41,120 --> 00:06:43,320 about Wikipedia all you want, but Norway? 128 00:06:43,440 --> 00:06:44,520 This is the first sentence, guys. 129 00:06:44,520 --> 00:06:47,080 Norway is a large energy producer and one of the world's 130 00:06:47,080 --> 00:06:50,000 largest exporters of oil, and most of the electricity in the 131 00:06:50,000 --> 00:06:52,200 country is produced by hydroelectricity. 132 00:06:52,400 --> 00:06:56,600 So it sounds like they are primed for more Bitcoin miners 133 00:06:56,600 --> 00:06:59,680 coming into the country. It's just absolutely love to. 134 00:06:59,960 --> 00:07:04,000 I'm updating the hashtag from Unplugged Denmark to Unplugged 135 00:07:04,000 --> 00:07:06,480 Norway. New hashtag just dropped. 136 00:07:06,480 --> 00:07:08,880 Guys. Yeah man, you guys know what I 137 00:07:08,880 --> 00:07:10,520 say. You can't ban Bitcoin. 138 00:07:10,520 --> 00:07:12,040 You can only ban yourself from Bitcoin. 139 00:07:12,040 --> 00:07:16,800 And if Norway wants to make a very uneconomic move like this 140 00:07:16,800 --> 00:07:19,960 and try to kick out Bitcoin miners, well, hey, you know, as 141 00:07:19,960 --> 00:07:22,040 the meme goes, they're going to have fun staying poor. 142 00:07:22,240 --> 00:07:25,880 But on that note, didn't they hear what happened with China? 143 00:07:25,880 --> 00:07:28,760 Like, do people forget the lessons that China taught us a 144 00:07:28,760 --> 00:07:30,880 couple of years ago? Like you can't stop Bitcoin 145 00:07:30,880 --> 00:07:32,760 mining anyway, Just love to see it. 146 00:07:33,000 --> 00:07:34,040 All right? What? 147 00:07:34,040 --> 00:07:38,200 We're talking about the culture. So my boy Nolan count BTC from 148 00:07:38,200 --> 00:07:42,200 the breakup. He went on Walker's show and not 149 00:07:42,200 --> 00:07:44,280 another Bitcoin podcast or the Bitcoin podcast. 150 00:07:44,280 --> 00:07:47,000 I forget what the official name is, and he dropped the spicy 151 00:07:47,000 --> 00:07:49,840 clip. And I was on Why are we bullish 152 00:07:49,840 --> 00:07:52,320 on Friday? And everyone was kind of 153 00:07:52,320 --> 00:07:54,760 trolling me and giving me some Flack because they're like, oh, 154 00:07:54,760 --> 00:07:57,200 optes just bullish on Bitcoin because of the price. 155 00:07:57,360 --> 00:08:00,840 So I'm going to kind of connect these two ideas and this clips 156 00:08:00,840 --> 00:08:02,840 great. I I absolutely love Nolan. 157 00:08:02,840 --> 00:08:05,440 I watch him every morning basically like the only Bitcoin 158 00:08:05,440 --> 00:08:08,040 I watch in the morning right now he's he's he's the goat. 159 00:08:08,360 --> 00:08:10,960 And I'm going to probably rant a little bit and I want to get 160 00:08:10,960 --> 00:08:13,840 Nikos take on this because you know here at Simply Bitcoin, we 161 00:08:13,840 --> 00:08:16,880 don't necessarily speculate on the price of Bitcoin because we 162 00:08:16,880 --> 00:08:18,400 don't know what it's going to be. 163 00:08:18,640 --> 00:08:23,760 All we know is that hard cap, 21 million Bitcoin Infinity 164 00:08:23,760 --> 00:08:25,680 dollars. It's going up forever. 165 00:08:25,960 --> 00:08:30,920 But this is a cultural movement. And for better or worse, guys, 166 00:08:30,920 --> 00:08:34,400 the normies out there look at the Bitcoin price and that's how 167 00:08:34,400 --> 00:08:37,280 they understand the world. Like, are you rich? 168 00:08:37,520 --> 00:08:40,520 Then I listen to you. Sorry guys, I'm not recreating 169 00:08:40,520 --> 00:08:42,880 human psychology, but I got a great clip for you guys and it 170 00:08:42,880 --> 00:08:45,240 really ties into everything we talk about here on Simply 171 00:08:45,240 --> 00:08:47,240 Bitcoin. It's just framed in a new way. 172 00:08:47,240 --> 00:08:48,800 And I think Niko's gonna love this one. 173 00:08:49,120 --> 00:08:51,120 Oh man, I'm excited for it. Yeah, absolutely. 174 00:08:51,120 --> 00:08:54,880 Huge fan of The breakup and huge fan of Nolan, man. 175 00:08:54,880 --> 00:08:57,480 Every time he comes, every time he comes on the show, we just 176 00:08:57,480 --> 00:08:59,600 give him the mic, bro, I. Might have to do just. 177 00:08:59,800 --> 00:09:04,240 Lower with Nolan like yeah bro, simply Bitcoin TTO. 178 00:09:04,240 --> 00:09:05,480 Man, I haven't done one in a minute. 179 00:09:05,480 --> 00:09:06,840 Maybe. Maybe TTO. 180 00:09:06,840 --> 00:09:09,920 Bring it back Optimus, Fields and Nolan I think bro, I would 181 00:09:09,920 --> 00:09:11,720 love that. That would be absolutely epic. 182 00:09:12,160 --> 00:09:14,400 Anyways, guys, if you're enjoying the show so so far, 183 00:09:14,400 --> 00:09:16,440 make sure to smash that like button. 184 00:09:16,440 --> 00:09:19,040 Help us break. I'm going to say it 100 likes 185 00:09:19,040 --> 00:09:21,120 within the first hour of the show. 186 00:09:21,120 --> 00:09:24,800 So if you're watching us on YouTube Rumble or X Smash, the 187 00:09:24,800 --> 00:09:27,480 like button really, really helps with the algos. 188 00:09:28,000 --> 00:09:30,600 Young Kings is commenting NGU baby. 189 00:09:30,600 --> 00:09:31,680 That's right. That's right. 190 00:09:31,680 --> 00:09:33,640 All right, everybody. Before we jump into the show, I 191 00:09:33,640 --> 00:09:37,480 do want to give a very special shout out to our lead sponsor. 192 00:09:37,640 --> 00:09:39,400 Of course I'm talking about Bitcoin. 193 00:09:39,400 --> 00:09:44,520 Well, buy Bitcoin with Bitcoin. Well, it's a self custody by 194 00:09:44,520 --> 00:09:47,360 default platform. It's automatic self custody. 195 00:09:47,360 --> 00:09:50,040 What does that mean? That means that you can't buy 196 00:09:50,240 --> 00:09:53,280 Bitcoin on Bitcoin. Well, unless you're going to 197 00:09:53,280 --> 00:09:56,200 take self custody. After all, self custody is the 198 00:09:56,200 --> 00:09:59,600 revolution support platforms that are self custody by 199 00:09:59,600 --> 00:10:02,040 default. Bitcoin, well is the first one 200 00:10:02,120 --> 00:10:04,560 in the United States of America and they're on. 201 00:10:04,640 --> 00:10:09,440 They're in all 50 states. So go to bitcoinwell.com/simply 202 00:10:09,440 --> 00:10:13,840 Bitcoin, Sign up today and get your get stack yourself some 203 00:10:13,840 --> 00:10:15,960 Bitcoin on Bitcoin. I also want to give a shout out 204 00:10:16,160 --> 00:10:19,720 to the Bitcoin jackpot contest which is currently live. 205 00:10:20,240 --> 00:10:23,360 Currently the jackpot is 5 million satoshi's. 206 00:10:23,360 --> 00:10:25,120 The way that you enter is by going to 207 00:10:25,120 --> 00:10:28,760 bitcoinwell.com/contest. You sign up to the platform, and 208 00:10:28,760 --> 00:10:33,200 every time you buy Bitcoin, that jackpot continues to grow and 209 00:10:33,200 --> 00:10:36,160 you're entered into the contest. If you're an existing user, go 210 00:10:36,160 --> 00:10:39,480 to the reward section in the Bitcoin Well dashboard and you 211 00:10:39,480 --> 00:10:40,880 can. Again, every time you buy 212 00:10:40,880 --> 00:10:43,400 Bitcoin, you earn points. And you could put all those 213 00:10:43,400 --> 00:10:46,120 points to the jackpot. Currently the jackpot is 5 214 00:10:46,120 --> 00:10:50,760 million Satoshi's and if you win, you win 69% of the Bitcoin 215 00:10:50,760 --> 00:10:52,960 jackpot. Around 10% of the jackpot is 216 00:10:52,960 --> 00:10:56,200 going to be donated to Bitcoin project. 217 00:10:56,200 --> 00:11:00,080 Go to at the Bitcoin Well Twitter account and you can vote 218 00:11:00,240 --> 00:11:04,440 on which project those that 10% of that 5 million Satoshi 219 00:11:04,560 --> 00:11:07,400 jackpot should go to anyways, Ladies and gentlemen, no more 220 00:11:07,400 --> 00:11:10,800 delay, go to bitcoinwell.com/simply Bitcoin. 221 00:11:10,840 --> 00:11:16,400 Let's get to the numbers. Here we go the Bitcoin numbers. 222 00:11:16,800 --> 00:11:19,680 Is your Bitcoin in cold storage really secure? 223 00:11:19,800 --> 00:11:22,320 Is your seed phrase really secure? 224 00:11:22,440 --> 00:11:24,040 Stamp seeds? Do it yourself. 225 00:11:24,040 --> 00:11:27,760 Kit has everything you need to hammer your seed words into 226 00:11:27,760 --> 00:11:32,000 commercial grade titanium plates instead of just writing them on 227 00:11:32,000 --> 00:11:34,840 paper. Don't store your generational 228 00:11:34,840 --> 00:11:38,080 wealth on paper. Papers prone to water damage, 229 00:11:38,080 --> 00:11:40,080 fire damage. You want to put your 230 00:11:40,080 --> 00:11:43,160 generational wealth on one of the strongest metals on planet 231 00:11:43,160 --> 00:11:46,000 earth, Titanium. Your words are actually stamped 232 00:11:46,000 --> 00:11:49,560 into this metal plate with this hammer and these letter stamps. 233 00:11:49,600 --> 00:11:52,120 And once your words are in, they aren't going anywhere. 234 00:11:52,200 --> 00:11:55,840 No risk of the plate breaking apart and pieces falling 235 00:11:55,840 --> 00:11:58,280 everywhere. Titanium stamp seeds will 236 00:11:58,280 --> 00:12:01,240 survive nearly triple the heat produced by a house fire. 237 00:12:01,240 --> 00:12:04,400 They're also crush proof, waterproof, non corrosive, and 238 00:12:04,400 --> 00:12:06,640 time proof. All things that paper is not 239 00:12:06,680 --> 00:12:09,880 allowing you to huddle your Bitcoin with Peace of Mind for 240 00:12:09,960 --> 00:12:13,320 the long haul. Stamp your seed on stamp seed. 241 00:12:13,760 --> 00:12:19,240 Yo, we're back guys. Go to stamp seed right now. 242 00:12:19,480 --> 00:12:22,880 Get yourself a titanium seed phrase storage kit, or risk 243 00:12:22,960 --> 00:12:25,760 yourself not being to by your grandchildren anymore because 244 00:12:25,760 --> 00:12:28,040 you lost your generation of wealth because you decided to 245 00:12:28,040 --> 00:12:30,960 store your Bitcoin seed phrase on paper. 246 00:12:31,080 --> 00:12:34,560 Don't do that. Use promo code simply to get 15% 247 00:12:34,560 --> 00:12:36,440 off anything on the stamp Seed website. 248 00:12:36,440 --> 00:12:39,160 And no excuse because I made it incredibly easy for you guys. 249 00:12:39,320 --> 00:12:41,840 You can scan the QR code or check the link in the video 250 00:12:41,840 --> 00:12:43,880 description. It will take you directly to 251 00:12:43,880 --> 00:12:46,120 stamp seed. Anyways, price at the time of 252 00:12:46,120 --> 00:12:49,120 recording the Bitcoin price is $61,930. 253 00:12:49,120 --> 00:12:56,160 That's per dollar 1615 block height 839,505 blocks to having 254 00:12:56,160 --> 00:13:00,360 495 having Oh man, oh man, we are close. 255 00:13:01,000 --> 00:13:05,880 You're so close. You're so close. 400 and 95495 256 00:13:05,880 --> 00:13:10,120 blocks having estimate it's going to happen April 19, 2024 257 00:13:10,120 --> 00:13:15,680 Total Lightning network capacity 4392 Bitcoin capacity value 258 00:13:15,680 --> 00:13:20,760 271,000,000 U.S. dollars Realized Monetary inflation 259 00:13:20,840 --> 00:13:27,480 1.73% The market capitalization of Bitcoin currently at 1.22 260 00:13:27,680 --> 00:13:34,720 trillion U.S. dollars Bitcoin verse gold Market cap 8.81% In 261 00:13:34,720 --> 00:13:38,360 the grand scheme of things, Bitcoin is just getting started. 262 00:13:38,520 --> 00:13:43,680 Anyways, Speaking of Bitcoin verse gold, Natalie Burnell 263 00:13:43,720 --> 00:13:49,480 absolutely doing Satoshi's work. Here's all Coin Daily on 264 00:13:49,480 --> 00:13:51,560 Twitter. He says the greatest Bitcoin 265 00:13:51,560 --> 00:13:54,040 verse gold debate of all of all time. 266 00:13:54,360 --> 00:13:58,400 And he says it's a reposted video from Fox Business. 267 00:13:58,560 --> 00:14:00,560 It's Peter Schiff versus Natalie Purnell. 268 00:14:00,720 --> 00:14:04,000 I haven't watched it yet so that you guys can get a live reaction 269 00:14:04,000 --> 00:14:06,200 of this. It's about a 5 minute video, but 270 00:14:06,200 --> 00:14:07,800 I think it's worth watching the whole thing. 271 00:14:07,800 --> 00:14:08,760 Let's check it out. Here we go. 272 00:14:09,000 --> 00:14:10,880 Bitcoin is going much lower than this. 273 00:14:10,880 --> 00:14:13,680 If Natalie were smart, as soon as this segment is over, she 274 00:14:13,680 --> 00:14:16,760 would sell all of her Bitcoin. Because if she doesn't sell it 275 00:14:16,760 --> 00:14:19,120 now, she's going to sell it later at a much lower price. 276 00:14:19,360 --> 00:14:21,720 Well, Vim's what we call fighting words, and I think that 277 00:14:21,720 --> 00:14:24,040 similar drivers are both. But let me introduce the two. 278 00:14:24,200 --> 00:14:25,760 Natalie. Natalie, meet Peter. 279 00:14:25,800 --> 00:14:27,680 Peter, meet Natalie. All right, Natalie, some torch 280 00:14:27,720 --> 00:14:28,880 work for you. What would you tell Peter? 281 00:14:29,120 --> 00:14:30,360 Oh, I know Peter. And you know what? 282 00:14:30,360 --> 00:14:33,040 Bitcoiners don't feel the need to constantly attack gold 283 00:14:33,200 --> 00:14:34,640 because we're not threatened by gold. 284 00:14:34,640 --> 00:14:37,800 And the reason that we have this failed Fiat experiment that has 285 00:14:37,800 --> 00:14:40,360 impoverished our nation is because of the defects of gold, 286 00:14:40,360 --> 00:14:42,520 The fact that it's not easily portable, it's not easily 287 00:14:42,520 --> 00:14:44,680 verifiable. It doesn't offer instant final 288 00:14:44,680 --> 00:14:46,080 global settlement. And so, you know, what 289 00:14:46,080 --> 00:14:47,680 centralized authorities hijacked it. 290 00:14:47,800 --> 00:14:50,160 They papered over it and we have a system of leverage and rehy 291 00:14:50,320 --> 00:14:52,240 application that hurts the working class. 292 00:14:52,400 --> 00:14:53,720 Bitcoin is immune to all of that. 293 00:14:53,800 --> 00:14:55,840 It is the savings account for billions of people that we 294 00:14:55,840 --> 00:14:58,520 really need and and can most rely on and it offers that final 295 00:14:58,520 --> 00:15:01,440 global settlement that we need. And so gold is the analog 296 00:15:01,440 --> 00:15:03,840 version of sound money, but Bitcoin is the digital version, 297 00:15:03,840 --> 00:15:05,640 and that's why it's going to be the faster horse in this race 298 00:15:05,640 --> 00:15:10,360 that. Was like a minute and she 299 00:15:10,360 --> 00:15:14,240 dropped so much fucking sauce. Oh man, Opti. 300 00:15:15,200 --> 00:15:17,080 Initial reactions. Holy shit. 301 00:15:17,760 --> 00:15:21,400 I'm not convinced by Peter Schiff at all, but shout out to 302 00:15:21,400 --> 00:15:22,320 Natalie. She killed it. 303 00:15:22,320 --> 00:15:25,680 Like Schiff is the perfect heel. Like this is key fob guys like 304 00:15:25,680 --> 00:15:29,560 this is literally WWE wrestling. I mean, he literally accepts 305 00:15:29,560 --> 00:15:32,240 Bitcoin for gold bars. Like he gets it. 306 00:15:32,240 --> 00:15:36,120 It's just his business model to act stupid out here like his dad 307 00:15:36,320 --> 00:15:40,400 was a legendary libertarian. He like, he understands his 308 00:15:40,400 --> 00:15:42,040 Bitcoin stuff. And then his son comes out. 309 00:15:42,040 --> 00:15:44,720 It's like, I don't even know why we're arguing with Peter Schiff 310 00:15:44,720 --> 00:15:47,520 out here, but shouts out to Natalie for absolutely 311 00:15:47,520 --> 00:15:51,240 destroying him on, you know, corporate press like the the 312 00:15:51,240 --> 00:15:53,200 people that are watching Fox News. 313 00:15:53,200 --> 00:15:56,800 They're obviously gold bugs and you know, shouts out to her for 314 00:15:56,800 --> 00:16:00,600 just destroying him in one minute. 100%, All right, we got, 315 00:16:00,600 --> 00:16:02,520 we got a couple minutes to go. Let's check it out, Peter. 316 00:16:03,600 --> 00:16:05,080 There's there. There's nothing sound about 317 00:16:05,080 --> 00:16:06,800 Bitcoin. It's losing the race right now. 318 00:16:06,840 --> 00:16:10,280 Take a look at your screen. Gold is up $2526 and Bitcoin is 319 00:16:10,280 --> 00:16:12,800 getting clobbered. You know there is no flaw in 320 00:16:12,800 --> 00:16:14,680 gold. Gold worked great for 5000 321 00:16:14,680 --> 00:16:16,520 years. The problem is the flaws with 322 00:16:16,520 --> 00:16:19,120 governments, the flaws with human beings, not with gold. 323 00:16:19,520 --> 00:16:21,800 But Bitcoin is is really flawed because it doesn't have any 324 00:16:21,800 --> 00:16:24,480 actual value. Gold is the most useful metal on 325 00:16:24,480 --> 00:16:26,840 the periodic table. That's why it's money. 326 00:16:26,840 --> 00:16:28,400 Now. It has great characteristics 327 00:16:28,400 --> 00:16:31,080 that make it better money than other commodities, but absent 328 00:16:31,080 --> 00:16:33,400 its intrinsic value, it it couldn't be money. 329 00:16:33,520 --> 00:16:35,280 And Bitcoin has no intrinsic value. 330 00:16:35,360 --> 00:16:38,120 It's just a digital let me just for one second, because and all 331 00:16:38,120 --> 00:16:40,440 of this is just a bunch of hype. Anything could be money, right? 332 00:16:40,440 --> 00:16:42,120 On the island of Yap they used to have bit stone. 333 00:16:42,520 --> 00:16:43,720 Stone money, anything could be money if. 334 00:16:44,240 --> 00:16:46,400 People use it as an exchange, and this is the thing. 335 00:16:46,400 --> 00:16:47,960 But that's because they. But here's the thing, though, 336 00:16:48,200 --> 00:16:49,960 you have to know Bitcoin is on the rise. 337 00:16:49,960 --> 00:16:52,800 Wall Street has embraced it. And this is just a tiny speck. 338 00:16:52,800 --> 00:16:55,680 I mean, could you imagine, could you imagine, Peter, at the rate 339 00:16:55,840 --> 00:16:58,240 of of recognition if Bitcoin keeps going at this rate, it's 340 00:16:58,240 --> 00:17:00,160 hard to deny it could go substantially higher. 341 00:17:01,640 --> 00:17:04,160 Now I just told you it's been dropping for 2 1/2 years. 342 00:17:04,160 --> 00:17:06,079 That's what it that has made all time high recently. 343 00:17:06,079 --> 00:17:09,400 And I think that decline is going to accelerate it. 344 00:17:09,400 --> 00:17:11,359 It it does not keep going up. They suckered in a bunch of 345 00:17:11,359 --> 00:17:12,839 people. Wall Street didn't embrace it. 346 00:17:13,000 --> 00:17:14,400 They're just trying to make a buck off it. 347 00:17:14,599 --> 00:17:16,800 I mean, these big Wall Street firms aren't buying any Bitcoin 348 00:17:16,800 --> 00:17:18,760 with their own money. This is their customers money 349 00:17:18,839 --> 00:17:21,000 that are dumb enough to buy it. They're just booking the bets. 350 00:17:21,119 --> 00:17:23,160 They're operating the casino. They're not at the blackjack 351 00:17:23,160 --> 00:17:25,359 tables and the roulette wheels. Natalie wants their customers 352 00:17:25,359 --> 00:17:27,079 that are doing that. Natalie wants to jump back in. 353 00:17:27,880 --> 00:17:29,600 You know, if you look at the short term, Bitcoin is going to 354 00:17:29,600 --> 00:17:31,560 be volatile. But if we zoom out, Bitcoin has 355 00:17:31,560 --> 00:17:33,960 outperformed gold. In fact, when Hamas attacked 356 00:17:33,960 --> 00:17:36,840 Israel. Since then, Bitcoin is up 125% 357 00:17:36,840 --> 00:17:39,760 and gold is up only 27%. So let's really look at the 358 00:17:39,760 --> 00:17:41,600 numbers that we're seeing. And the best thing about Bitcoin 359 00:17:41,600 --> 00:17:44,440 is, again, no one controls the Ledger, whereas gold is really 360 00:17:44,440 --> 00:17:47,280 vulnerable to centralization and top down control, which is why 361 00:17:47,480 --> 00:17:49,920 we need a system that is a neutral place to store your 362 00:17:49,920 --> 00:17:51,520 wealth. We need a neutral system and 363 00:17:51,560 --> 00:17:55,360 don't even get Bitcoin. Why can't someone have exposure 364 00:17:55,360 --> 00:17:57,920 to both? Yeah, well, first of all, 365 00:17:58,040 --> 00:17:59,520 Bitcoin has outperformed everything. 366 00:17:59,520 --> 00:18:01,920 So don't compare it to gold. It's outperformed stocks, real 367 00:18:01,920 --> 00:18:04,240 estate, bonds, collectibles. That's because it's a gigantic 368 00:18:04,240 --> 00:18:04,920 bubble. No? 369 00:18:04,920 --> 00:18:06,840 If you want to own Bitcoin, I I don't care. 370 00:18:06,840 --> 00:18:08,480 If you want to lose money in Bitcoin, go right ahead. 371 00:18:08,640 --> 00:18:10,880 Doesn't bother me. But I'm trying to help give 372 00:18:10,880 --> 00:18:13,840 people advice as to what to do with their money and if they 373 00:18:13,840 --> 00:18:15,320 want to have an investment portfolio. 374 00:18:15,440 --> 00:18:18,040 Bitcoin has no part in it. But you know, if you like 375 00:18:18,040 --> 00:18:20,040 gambling, if you want to take some of the money that you want, 376 00:18:20,040 --> 00:18:22,120 we're going to take to the race tracks or buy lottery tickets 377 00:18:22,120 --> 00:18:23,200 with. Or go to Vegas. 378 00:18:23,200 --> 00:18:25,560 If you want to take some of that money and gamble on Bitcoin or 379 00:18:25,560 --> 00:18:27,760 any of the other 20,000 cryptocurrencies that are out 380 00:18:27,760 --> 00:18:29,800 there, go right ahead. I mean, it doesn't bother me, 381 00:18:30,000 --> 00:18:31,600 but I don't want to buy any Bitcoin. 382 00:18:31,600 --> 00:18:34,040 I mean, sure, had I bought Bitcoin years and years ago when 383 00:18:34,040 --> 00:18:35,840 I first learned about it, yeah, I could have made a lot of money 384 00:18:36,120 --> 00:18:37,600 selling it now to the greater fools. 385 00:18:37,760 --> 00:18:39,640 But I didn't do that. Something he said on my show, he 386 00:18:39,680 --> 00:18:41,160 wishes he bought Bitcoin. Yeah, so. 387 00:18:41,280 --> 00:18:42,800 So, Natalie bottom. Line, though I'm not going to. 388 00:18:42,800 --> 00:18:44,360 Buy it now. And Natalie, you're going to 389 00:18:44,360 --> 00:18:46,080 wish you sold Bitcoin. Mark my words. 390 00:18:46,240 --> 00:18:48,600 You're going to be ruined. We, we, we take all of this. 391 00:18:48,720 --> 00:18:51,560 If I'd only sold my Bitcoin. I had a lot of 30 seconds left. 392 00:18:51,560 --> 00:18:52,840 I got to give Natalie the last word. 393 00:18:53,280 --> 00:18:54,840 I think. I think the American dream has 394 00:18:54,840 --> 00:18:56,600 really been hijacked. We we tried gold. 395 00:18:56,600 --> 00:18:57,920 It didn't work. It was papered over. 396 00:18:58,080 --> 00:18:59,760 That system has failed the American people. 397 00:18:59,880 --> 00:19:02,320 And Bitcoin does provide hope for us, the working class. 398 00:19:02,400 --> 00:19:04,800 We want to be able to work for something that has to be 399 00:19:04,800 --> 00:19:07,560 measured by a free market so that we can see real value 400 00:19:07,560 --> 00:19:10,000 emerge as opposed to being captured by politics and 401 00:19:10,000 --> 00:19:12,720 bureaucracy, which ultimately is a system that benefits the few 402 00:19:12,720 --> 00:19:14,480 at the at the expense of everyone else. 403 00:19:14,480 --> 00:19:16,240 And it's a system in which the politically connected and the 404 00:19:16,240 --> 00:19:18,120 special interest groups really are at the top. 405 00:19:18,120 --> 00:19:20,560 And so we need a system that is for the people. 406 00:19:20,560 --> 00:19:22,600 Bitcoin is for the people. Natalie, thank you very much, 407 00:19:22,600 --> 00:19:23,680 Peter. Thank you very, very much. 408 00:19:23,680 --> 00:19:25,560 Liz Clayman, over to you. I was enjoying that. 409 00:19:26,000 --> 00:19:29,760 Oh man, dude, that was that was crazy, that that all that 410 00:19:29,760 --> 00:19:34,920 information packed into 5 minutes, You know, a couple 411 00:19:34,920 --> 00:19:38,080 things, right? So Peter said something really 412 00:19:38,080 --> 00:19:41,120 interesting in the beginning, which like it stuck with me the 413 00:19:41,120 --> 00:19:44,960 entire interview, which is like, like, you know, the the issues 414 00:19:44,960 --> 00:19:47,280 and with gold, the issues with governments, right. 415 00:19:47,760 --> 00:19:55,400 So Gold failed this stress test. It did and it was inevitably Co 416 00:19:55,400 --> 00:19:56,880 opted. This happened in the United 417 00:19:56,880 --> 00:20:00,680 States with the six one O 2 order made gold illegal. 418 00:20:00,960 --> 00:20:04,360 They're able to confiscate it so effectively due to the 419 00:20:04,400 --> 00:20:10,400 centralization of the custody of gold and they just they the 420 00:20:10,400 --> 00:20:13,040 whole paper money thing started right? 421 00:20:15,800 --> 00:20:20,960 That's where Bitcoin has a shot. And it has a shot because of its 422 00:20:20,960 --> 00:20:24,920 physical characteristics, of its ability for any person to write 423 00:20:24,920 --> 00:20:30,120 down a 12 to 24 word seed phrase and store, theoretically, you 424 00:20:30,120 --> 00:20:34,840 know, billions, trillions, millions of dollars on those 425 00:20:34,840 --> 00:20:38,320 words. That's where Bitcoin has a shot. 426 00:20:38,320 --> 00:20:42,400 That's where the return on violence doesn't have an 427 00:20:42,400 --> 00:20:46,760 advantage towards the government or towards the state. 428 00:20:46,760 --> 00:20:50,360 Better said, that's where Bitcoin shines and that's where 429 00:20:50,360 --> 00:20:53,880 gold fails. And gold fails due to its 430 00:20:53,880 --> 00:20:58,240 physical characteristics, because of gold being that metal 431 00:20:58,240 --> 00:21:01,760 that Peter ships. Like it's a it's a metal you. 432 00:21:01,760 --> 00:21:05,080 There's only so much Bitcoin, There's only so much gold you 433 00:21:05,080 --> 00:21:07,800 could store on your body. There's only so much gold. 434 00:21:08,160 --> 00:21:11,000 You know, you could put in a suitcase before getting 435 00:21:11,040 --> 00:21:14,560 ridiculously nervous, you know, crossing the border or getting 436 00:21:14,560 --> 00:21:16,360 on a plane and passing through security. 437 00:21:18,360 --> 00:21:21,000 That's not the case with Bitcoin, right. 438 00:21:23,000 --> 00:21:25,880 All you got to do is you got exactly, Elaine said it best 439 00:21:25,880 --> 00:21:28,800 Swiss bank in my pocket. And you are the owner of that 440 00:21:28,800 --> 00:21:30,600 Swiss bank. It's not like you're a customer 441 00:21:30,600 --> 00:21:31,880 now. You're the owner of that Swiss 442 00:21:31,880 --> 00:21:35,200 bank and you get to decide everything you do with your 443 00:21:35,200 --> 00:21:38,720 wealth. That's that's the that's the 444 00:21:38,720 --> 00:21:41,960 part that stuck with me. And that's the part where I 445 00:21:41,960 --> 00:21:46,200 understand where Peter Schiff is coming from in terms of, I think 446 00:21:46,200 --> 00:21:50,160 he was right in terms of all his arguments against government, 447 00:21:50,640 --> 00:21:56,600 his arguments for sound money, but he gets attached to a failed 448 00:21:56,720 --> 00:21:59,280 instrument. And mind you, this is coming 449 00:21:59,280 --> 00:22:03,600 from someone who is a fan of physical gold, like physical 450 00:22:03,600 --> 00:22:07,320 gold, not the ETFs that the vast majority of people buy. 451 00:22:07,320 --> 00:22:08,480 And they say, oh, I have gold, no. 452 00:22:08,520 --> 00:22:11,240 So you have a paper gold. You don't have like actual gold 453 00:22:11,240 --> 00:22:15,280 bars ain't your you know on on you right on your person or 454 00:22:15,280 --> 00:22:17,920 wherever you you know you store your wealth like. 455 00:22:18,520 --> 00:22:24,560 But again, Bitcoin is superior in this sense, it just is it's 456 00:22:24,560 --> 00:22:28,480 physical characteristics. It's absolutely scarce, unlike 457 00:22:28,480 --> 00:22:38,600 gold and the fact that there is a predetermined supply shock pre 458 00:22:38,600 --> 00:22:42,440 programmed into this thing every four years, that's about to 459 00:22:42,440 --> 00:22:44,000 happen in like two or three days. 460 00:22:45,440 --> 00:22:48,600 And of course you know that makes the price run up and all 461 00:22:48,600 --> 00:22:50,760 that good stuff to all the things that we enjoy about 462 00:22:50,760 --> 00:22:52,280 Bitcoin. The reasons that we're huddling, 463 00:22:52,280 --> 00:22:56,440 right, it's NGU technology and a lot of people don't know that 464 00:22:56,440 --> 00:22:59,920 about gold, right? It has a 1 to 2% inflation rate. 465 00:23:00,480 --> 00:23:03,360 If the price of gold goes up, gold production goes along with 466 00:23:03,360 --> 00:23:06,920 it. So it can never kind of create 467 00:23:06,920 --> 00:23:10,080 this situation where in Bitcoin it happens. 468 00:23:10,080 --> 00:23:13,240 It happens every single having you know it's OK is it going to 469 00:23:13,240 --> 00:23:15,520 happen this having I think it will right. 470 00:23:17,000 --> 00:23:21,120 So yeah, I mean I think it's tough to say this and I think 471 00:23:21,120 --> 00:23:23,960 maybe this will rob people the song wrong way. 472 00:23:24,400 --> 00:23:28,360 But I think gold failed where Bitcoin will succeed. 473 00:23:28,800 --> 00:23:33,640 And I think gold had a good shot but it was Co opted. 474 00:23:33,920 --> 00:23:37,800 It was Co opted by the state. Now does that mean that Bitcoin 475 00:23:37,800 --> 00:23:40,960 cannot be Co opted as well? Absolutely not. 476 00:23:40,960 --> 00:23:44,040 I think it can. And I think the fact that all 477 00:23:44,040 --> 00:23:48,480 these ETFs are custodying all their Bitcoin with Coinbase 478 00:23:48,920 --> 00:23:53,720 making it a super easy target for the 610-6102 order. 479 00:23:53,720 --> 00:23:59,640 Two point OI think emphasizes the fact that it's not just 480 00:23:59,640 --> 00:24:01,680 about getting exposure to Bitcoin. 481 00:24:02,400 --> 00:24:07,080 Self custody is the revolution. Like self custody is what is 482 00:24:07,080 --> 00:24:10,000 going to fundamentally change the world. 483 00:24:10,400 --> 00:24:13,520 Millions upon millions of individuals holding 484 00:24:13,560 --> 00:24:17,680 unconfiscatable wealth, that is what's really going to move the 485 00:24:17,680 --> 00:24:21,400 envelope. So when the party gets started 486 00:24:21,400 --> 00:24:25,080 and we hit all time highs and you know we inevitably break 487 00:24:25,080 --> 00:24:30,200 100K and then 200K then 300K then 400, Ki want everyone to 488 00:24:30,200 --> 00:24:35,360 remember that you might have quote UN quote paper exposure, 489 00:24:35,600 --> 00:24:39,400 but if you don't have Bitcoin in self custody, it's really not 490 00:24:39,400 --> 00:24:42,280 your Bitcoin. Anyways, I think you know it's 491 00:24:42,280 --> 00:24:45,040 naive. Again, bitcoin's an ego test and 492 00:24:45,040 --> 00:24:46,640 I think Peter Schiff failed that test. 493 00:24:46,800 --> 00:24:51,000 Natalie put it so, so well, so concisely in such a short amount 494 00:24:51,000 --> 00:24:54,320 of time, so shout out to her. You know I'm gonna counter you, 495 00:24:54,320 --> 00:24:56,360 Nico. I don't think it's an ego test. 496 00:24:56,360 --> 00:24:58,720 Like at this point it is his ego. 497 00:24:58,720 --> 00:25:02,440 But I am convinced that this is just a bit that Peter Schiff 498 00:25:02,440 --> 00:25:04,240 plays. Like, this is just a persona. 499 00:25:04,240 --> 00:25:05,880 This is just a Peter Schiff show. 500 00:25:06,360 --> 00:25:09,840 And like, there were so many things that were wrong in that 501 00:25:09,840 --> 00:25:12,080 little clip. Like first and foremost, shouts 502 00:25:12,080 --> 00:25:14,720 out to the gold bugs out there because you guys were holding 503 00:25:14,720 --> 00:25:17,160 the line in the hard money game for a long time. 504 00:25:17,360 --> 00:25:19,240 But Bitcoiners will take it from here. 505 00:25:19,280 --> 00:25:20,800 We're in a we're in a digital world. 506 00:25:20,800 --> 00:25:23,120 We're in a world that is never going to go back to the stone 507 00:25:23,120 --> 00:25:25,040 ages. The internet's here to stay and 508 00:25:25,040 --> 00:25:27,760 I think we need an Internet native money, which is of course 509 00:25:28,040 --> 00:25:30,200 Bitcoin, and then just a few things, you know? 510 00:25:30,400 --> 00:25:32,360 Peter Schiff said there's no flaw in gold. 511 00:25:32,360 --> 00:25:35,040 And it's like really bro, like This is why we're on the Fiat 512 00:25:35,040 --> 00:25:38,120 standard in the first place because there was a flaw in 513 00:25:38,120 --> 00:25:40,080 gold. It's hard to transfer through 514 00:25:40,080 --> 00:25:42,880 time and space and it's very easily centralized. 515 00:25:43,040 --> 00:25:45,840 And This is why we have IO us. This is why we have Fiat 516 00:25:45,840 --> 00:25:49,360 currency in the 1st place. And then like how's it? 517 00:25:49,360 --> 00:25:51,720 It's like Man Gold's gold's booming man. 518 00:25:51,720 --> 00:25:56,600 It went up $26 and we're like, you know, Bitcoin moves $26 like 519 00:25:56,600 --> 00:25:58,520 every second and none of us even flinch. 520 00:25:58,520 --> 00:26:03,520 Like imagine being bullish because your price went up $26. 521 00:26:03,520 --> 00:26:05,440 It's like that's nothing. That's I don't even know what 522 00:26:05,440 --> 00:26:08,120 that is in Bitcoin. Like .001% move. 523 00:26:08,360 --> 00:26:10,920 That's like nothing here. And and shouts out The xx in the 524 00:26:10,920 --> 00:26:13,440 chat he said bitcoin's been up 10. 525 00:26:13,520 --> 00:26:16,240 I mean sorry gold went up 10% in 10 years. 526 00:26:16,240 --> 00:26:18,840 Like Oh my goodness, it can't even keep up with inflation 527 00:26:18,840 --> 00:26:21,160 rates right now and this is what he's advocating for. 528 00:26:21,160 --> 00:26:24,720 But again I'm fully convinced that Peter Schiff is a bit like 529 00:26:24,720 --> 00:26:27,960 this is key FOB. This is this is WWE wrestling. 530 00:26:27,960 --> 00:26:31,800 Like, he knows that. We know he's basically playing a 531 00:26:31,880 --> 00:26:33,920 persona. And then on the one of the other 532 00:26:33,920 --> 00:26:36,200 points, you know, like Bitcoin has no intrinsic value. 533 00:26:36,320 --> 00:26:39,240 It's like, bro, nothing has intrinsic value. 534 00:26:39,440 --> 00:26:42,760 This is a simple Austrian economic rule. 535 00:26:42,760 --> 00:26:46,400 And you know this, like he is an Austrian economist himself. 536 00:26:46,400 --> 00:26:50,040 Like he knows this, but I think he's playing on the lack of 537 00:26:50,040 --> 00:26:52,640 understanding from from the normies out there and like, 538 00:26:52,640 --> 00:26:55,360 look, man, I love gold. This is why I put my gold 539 00:26:55,360 --> 00:26:58,000 necklace out for this bit. I love wearing gold. 540 00:26:58,000 --> 00:26:59,920 It's in my culture to love wearing gold. 541 00:27:00,160 --> 00:27:03,320 But it is not money anymore. Yes, it's been a good store 542 00:27:03,320 --> 00:27:05,480 value. Yes, you know, central banks are 543 00:27:05,480 --> 00:27:09,160 still using it to store value, but Bitcoin is a 10X improvement 544 00:27:09,160 --> 00:27:11,160 on gold. Bitcoin is everything gold 545 00:27:11,160 --> 00:27:14,320 wishes it was. It can literally store value 546 00:27:14,320 --> 00:27:18,320 through time and through space. It can be transferred instantly. 547 00:27:18,560 --> 00:27:21,560 It is going over the Internet right now, circulating around 548 00:27:21,560 --> 00:27:24,000 the world. Real time liquidity, a real time 549 00:27:24,000 --> 00:27:27,560 metric of of the world economy. Well, not the full economy yet, 550 00:27:27,560 --> 00:27:29,840 but it will be eventually soon enough. 551 00:27:30,640 --> 00:27:35,160 But yeah, I I truly believe that Peter Shift is playing a persona 552 00:27:35,240 --> 00:27:37,440 and then I forget what the metrics is. 553 00:27:37,440 --> 00:27:40,920 So you guys can Fact Check me on this but Peter Schiff's fun has 554 00:27:40,920 --> 00:27:44,520 literally returned 0% over I think it was like a decade or 555 00:27:44,520 --> 00:27:45,880 five years. I forget what the number is. 556 00:27:45,880 --> 00:27:49,040 You guys can Fact Check me on this but he's literally hating 557 00:27:49,040 --> 00:27:51,400 on Bitcoin and even said in there like yeah Bitcoin is the 558 00:27:51,400 --> 00:27:54,000 best returns ever. You know maybe yeah I I would 559 00:27:54,000 --> 00:27:55,760 have been rich if I saved in Bitcoin. 560 00:27:56,000 --> 00:27:59,240 I'm convinced he holds Bitcoin. I'm convinced that that he 561 00:27:59,240 --> 00:28:01,760 understands the game being played out there. 562 00:28:02,080 --> 00:28:08,360 But with all that being said, I think there is a a good 563 00:28:08,360 --> 00:28:11,440 zeitgeist moment here because I think he understands what we 564 00:28:11,440 --> 00:28:13,280 understand. Like boomers out there love 565 00:28:13,280 --> 00:28:16,080 gold. They they, you know, the off the 566 00:28:16,080 --> 00:28:19,280 grid preppers, they love gold. They love talking about holding 567 00:28:19,280 --> 00:28:22,800 precious metals and you know, storing silver and gold when 568 00:28:22,800 --> 00:28:24,720 silver's been demonetized years ago. 569 00:28:24,720 --> 00:28:27,680 Gold lost its gold standard a long time ago. 570 00:28:28,040 --> 00:28:31,560 But I think he's playing on the idea that most people out there, 571 00:28:31,600 --> 00:28:33,360 they still believe that the dollar is backed by gold. 572 00:28:33,720 --> 00:28:37,040 Like they still don't understand what is actually going on here. 573 00:28:37,040 --> 00:28:40,600 And so people still have that old world thinking they haven't 574 00:28:40,600 --> 00:28:43,200 updated their operating system and they don't understand that 575 00:28:43,200 --> 00:28:45,160 there is an improvement and it is Bitcoin. 576 00:28:45,160 --> 00:28:48,160 And so, yeah, people out there are prepping and holding gold, 577 00:28:48,160 --> 00:28:49,240 but like, what are you going to do, bro? 578 00:28:49,240 --> 00:28:51,600 Like chip off a little piece of gold to go buy some coffee? 579 00:28:51,800 --> 00:28:53,760 Like it. It's just, it's outdated tech. 580 00:28:54,120 --> 00:28:58,960 And if you want to enter the 21st century, then you want to 581 00:28:58,960 --> 00:29:02,000 be holding Bitcoin. Bitcoin is a superior money 582 00:29:02,000 --> 00:29:04,400 technology and gold had a good run. 583 00:29:04,400 --> 00:29:07,240 That's the only thing gold has on Bitcoin is that it's been 584 00:29:07,240 --> 00:29:11,640 around for thousands of years and and people can very easily 585 00:29:11,640 --> 00:29:15,880 recognize gold and very easily accepted as something that 586 00:29:15,880 --> 00:29:18,160 stores value. And this is what we're doing as 587 00:29:18,160 --> 00:29:22,440 bitcoiners is every 10 minutes, every day that Bitcoin survives 588 00:29:22,600 --> 00:29:28,040 is chipping away at that 5000 year old time lead that gold has 589 00:29:28,040 --> 00:29:29,960 on Bitcoin. But Bitcoin is obviously 590 00:29:29,960 --> 00:29:33,120 superior technology, money. It's superior money technology, 591 00:29:33,240 --> 00:29:37,000 you know, can be sent basically instantly across the world. 592 00:29:37,120 --> 00:29:41,920 You can store it for long terms. It's literally doesn't degrade 593 00:29:41,920 --> 00:29:44,200 in value. It's hard capped. 594 00:29:44,200 --> 00:29:46,880 It's about to become the hardest money in the world. 595 00:29:46,880 --> 00:29:49,400 It already basically is. But it's going to solidify its 596 00:29:49,400 --> 00:29:51,680 position as the hardest money in the world. 597 00:29:52,160 --> 00:29:55,400 And it's remember, wait, I'm going to I'm going to butcher 598 00:29:55,400 --> 00:29:57,280 this Nico. But do you remember the Satoshi 599 00:29:57,280 --> 00:30:02,400 quote where he's like imagine if you will, something that is like 600 00:30:02,400 --> 00:30:07,160 gold and then it basically becomes nothing and then when 601 00:30:07,160 --> 00:30:10,040 you want to send it somewhere it's it's like gold again. 602 00:30:10,040 --> 00:30:12,880 I forget what the code is guys. You can, you can look it up, but 603 00:30:13,960 --> 00:30:15,200 Bitcoin is just better than gold. 604 00:30:15,200 --> 00:30:17,280 I love gold. I I like I say all the time, I 605 00:30:17,280 --> 00:30:19,320 can't wait till gold gets demonetized so I can have a 606 00:30:19,320 --> 00:30:23,040 gaudy house with gold everywhere and have Mr. T chains, you know, 607 00:30:23,040 --> 00:30:25,440 all that good stuff. I actually won't do all that. 608 00:30:25,440 --> 00:30:27,120 But yeah, I love gold. It makes me feel good. 609 00:30:27,320 --> 00:30:29,320 You know, it's a it's a very conductive element. 610 00:30:29,320 --> 00:30:32,960 I love it for its utility. But someone said in the chat, 611 00:30:32,960 --> 00:30:36,480 you know, gold, or rather, Schiff is mistaking gold, 612 00:30:36,480 --> 00:30:41,360 secondary utility as money. And look, I I think that gold 613 00:30:41,360 --> 00:30:44,440 should be used in technology. I think gold should be used as 614 00:30:44,440 --> 00:30:47,480 jewelry. It's beautiful, but it has been 615 00:30:47,480 --> 00:30:49,760 displaced as money and it is Bitcoin. 616 00:30:49,760 --> 00:30:52,760 Bitcoin is the superior money technology in the world. 617 00:30:52,760 --> 00:30:55,320 And hey, you know, shouts out the Peter Schiff like, bless his 618 00:30:55,320 --> 00:30:58,320 heart, he plays a good role. He's a good actor. 619 00:30:58,400 --> 00:31:00,920 I love him for it. He's actually kind of hilarious 620 00:31:00,920 --> 00:31:03,640 sometimes. But I think once you really 621 00:31:03,640 --> 00:31:06,960 understand what's going on, you understand that he's playing a 622 00:31:06,960 --> 00:31:09,240 part. Like it's his job to sell gold 623 00:31:09,240 --> 00:31:11,680 and of course he's going to shit on Bitcoin when US Bitcoin is 624 00:31:11,680 --> 00:31:14,640 like, hey man, look, have fun with your gold rocks. 625 00:31:14,640 --> 00:31:17,080 They're they're beautiful. But like, Bitcoin is better. 626 00:31:17,080 --> 00:31:19,320 The Bitcoin is. He even said himself, well, you 627 00:31:19,320 --> 00:31:21,000 know, bitcoin's outperforming everything. 628 00:31:21,000 --> 00:31:23,560 And what $26 like? Wow, man. 629 00:31:24,480 --> 00:31:26,360 Beautiful games, man. Beautiful games out there. 630 00:31:27,880 --> 00:31:29,720 But hashtag wrecked. All right, everybody. 631 00:31:29,720 --> 00:31:31,480 Let's get to the news. We have a lot to talk about 632 00:31:31,480 --> 00:31:32,080 today. Let's check it out. 633 00:31:32,080 --> 00:31:37,080 Here we go. The Daily News. 634 00:31:38,640 --> 00:31:42,240 I want to give a shout out to our sponsor, Foundation Devices. 635 00:31:42,400 --> 00:31:45,760 It's self custody done right. They built a premium grade 636 00:31:45,760 --> 00:31:49,200 hardware wallet called Passport right here in the US. 637 00:31:49,200 --> 00:31:51,560 It's fully open source and verifiable. 638 00:31:51,760 --> 00:31:55,200 It's the most intuitive Bitcoin wallet designed with the UX, 639 00:31:55,200 --> 00:31:58,960 reminiscent of a simple feature phone so you will know how to 640 00:31:58,960 --> 00:32:01,160 navigate it and use it the moment you pick it up. 641 00:32:01,520 --> 00:32:04,800 Get your Bitcoin off exchanges and into your into your own 642 00:32:04,800 --> 00:32:07,640 hands in just a few minutes. Experience the Peace of Mind 643 00:32:07,640 --> 00:32:10,240 that comes with taking ownership of your own keys. 644 00:32:10,440 --> 00:32:15,000 After a massive sell out during Bitcoin Miami 2023, the passport 645 00:32:15,000 --> 00:32:17,880 is back in stock at foundationdevices.com. 646 00:32:18,240 --> 00:32:21,920 Bitcoin only, open source. Verifiable completely air gap 647 00:32:22,000 --> 00:32:25,880 security model, gorgeous design, craft premium grade materials. 648 00:32:26,040 --> 00:32:28,240 If you're thinking about getting your Bitcoin off exchange 649 00:32:28,320 --> 00:32:30,120 changes, this is the one for you. 650 00:32:30,360 --> 00:32:33,560 Check out the passport link in the show notes below to learn 651 00:32:33,560 --> 00:32:35,240 more. All right everybody, you guys 652 00:32:35,240 --> 00:32:37,640 get yourself a passport hardware wallet member. 653 00:32:37,640 --> 00:32:39,920 Guys, not your keys, not your cheese. 654 00:32:39,920 --> 00:32:42,240 You want to take self custody of your Bitcoin. 655 00:32:42,240 --> 00:32:45,040 After all, self custody is the revolution. 656 00:32:45,040 --> 00:32:49,960 So go to passport dot XYZ or you can scan the QR code or check 657 00:32:50,080 --> 00:32:51,640 the link in the video description. 658 00:32:51,640 --> 00:32:56,200 All right, so today's news. Someone in the comments shift 659 00:32:56,200 --> 00:32:59,000 single handedly trolling the entire crypto space. 660 00:32:59,000 --> 00:33:02,840 Completely agree with that. Anyways, so Norway wants to curb 661 00:33:03,120 --> 00:33:07,400 Bitcoin mining with Europe's first data center regulation. 662 00:33:07,760 --> 00:33:10,760 Norway has introduced new legislation to regulate data 663 00:33:10,760 --> 00:33:12,400 centers. While the proposal is not 664 00:33:12,400 --> 00:33:15,400 explicitly targeted at Bitcoin miners, the sentiment expressed 665 00:33:15,400 --> 00:33:19,320 by the country's top politicians promises increased scrutiny for 666 00:33:19,320 --> 00:33:23,640 Bitcoin miners in the country. Here is the Yahoo finance dot 667 00:33:23,640 --> 00:33:27,560 Yahoo article Norway has Norway has passed new legislation that 668 00:33:27,560 --> 00:33:30,680 will impose stricter regulations on data centers operating within 669 00:33:30,680 --> 00:33:32,920 the country. The legislation mandates the 670 00:33:32,920 --> 00:33:36,960 official registration of all data centers requiring 671 00:33:36,960 --> 00:33:40,400 information about their owners, leaders and and the digital 672 00:33:40,400 --> 00:33:43,400 services they provide. Norway becomes the first 673 00:33:43,400 --> 00:33:46,440 European nation to establish such a comprehensive framework. 674 00:33:46,840 --> 00:33:50,120 Norway's move to regulate data centers follows the country's 675 00:33:50,120 --> 00:33:53,720 concerns over large greenhouse gas emissions associated with 676 00:33:53,720 --> 00:33:59,120 crypto mining. To ASA Asland, Norway's Minister 677 00:33:59,120 --> 00:34:02,120 of Energy stated that they are not interested in business 678 00:34:02,120 --> 00:34:05,280 seeking to exploit Norway for cheap energy extraction. 679 00:34:05,520 --> 00:34:08,239 The primary objective of this legislation is to provide 680 00:34:08,239 --> 00:34:11,280 politicians with a clear understanding of data centers in 681 00:34:11,280 --> 00:34:14,639 their municipalities. Asland emphasized that the aim 682 00:34:14,639 --> 00:34:18,120 is to regulate the industry and have the ability to reject 683 00:34:18,400 --> 00:34:21,239 undesirable projects. While the legislation is not 684 00:34:21,239 --> 00:34:24,320 explicitly targeted at Bitcoin miners, it could potentially 685 00:34:24,320 --> 00:34:25,960 lead to increased scrutiny for them. 686 00:34:26,360 --> 00:34:28,600 This comes at a time when Bitcoin miners are already 687 00:34:28,600 --> 00:34:32,080 preparing for the upcoming halving event, which will reduce 688 00:34:32,080 --> 00:34:35,159 block issuance rewards by half, potentially impacting the 689 00:34:35,159 --> 00:34:36,880 profitability of mining operations. 690 00:34:37,480 --> 00:34:39,080 This is the part that I find interesting. 691 00:34:39,320 --> 00:34:42,080 Currently, numerous Bitcoin mining firms are operating in 692 00:34:42,080 --> 00:34:45,679 the northern northern Norway, attracted by the regions low 693 00:34:45,679 --> 00:34:48,880 electricity cost. A report from local media outlet 694 00:34:49,440 --> 00:34:54,199 Dagas Finn in 2023 revealed that crypto mining firms in this area 695 00:34:54,199 --> 00:34:56,960 consume nearly as much electricity as the entire 696 00:34:56,960 --> 00:35:00,440 district of Lufton. While the government does not 697 00:35:00,440 --> 00:35:03,600 have an exact count of the number of Bitcoin mining firms 698 00:35:03,600 --> 00:35:05,960 in the country, the new legislation will provide 699 00:35:05,960 --> 00:35:09,640 valuable information to support Norway's digitalization plans. 700 00:35:09,800 --> 00:35:13,240 Karine Tung, Norway's Minister of Digitalization and Public 701 00:35:13,240 --> 00:35:15,960 Governance, highlight the significance of data centers 702 00:35:15,960 --> 00:35:19,200 that severe that serve beneficial roles, such as 703 00:35:19,200 --> 00:35:21,800 storage servers, which are considered crucial for the 704 00:35:21,800 --> 00:35:24,360 country's social structure. OK. 705 00:35:24,800 --> 00:35:28,780 So we've seen this before, kind of the registration of quote UN 706 00:35:28,780 --> 00:35:30,960 quote Bitcoin miners of data centers. 707 00:35:31,120 --> 00:35:33,200 That was something that the Biden administration proposed as 708 00:35:33,200 --> 00:35:35,280 well. And what's really interesting 709 00:35:35,280 --> 00:35:38,720 also is a couple things, right, They say, OK, you know, it's 710 00:35:38,720 --> 00:35:42,960 it's we have to see what the energy use is being used for. 711 00:35:43,200 --> 00:35:48,520 But if you take a look at the population density in Northern 712 00:35:48,520 --> 00:35:52,000 Norway, as you can tell, there's not that many people there, 713 00:35:52,560 --> 00:35:56,120 which is literally the reason as to why the electricity is cheap 714 00:35:56,200 --> 00:35:59,320 in the 1st place. Most of the most of the 715 00:35:59,320 --> 00:36:03,120 population in Norway is around Oslo, right? 716 00:36:03,120 --> 00:36:06,840 So the capital and another thing that I find interesting as well, 717 00:36:07,080 --> 00:36:09,560 and this is actually an article that we covered when it came out 718 00:36:09,560 --> 00:36:13,320 many years ago back in 2022. And the article is by Joe Hall, 719 00:36:14,040 --> 00:36:18,120 Green Oasis for Bitcoin mining. Norway has almost 1% of global 720 00:36:18,120 --> 00:36:21,360 hash rate thousand name of the article Bitcoin mining in Norway 721 00:36:21,360 --> 00:36:25,840 is 100% renewable and flourishing quote a green Oasis 722 00:36:25,840 --> 00:36:29,520 of of renewable energy. Using data from Cambridge 723 00:36:29,520 --> 00:36:32,600 Bitcoin Electricity Consumption Index and by mapping out the 724 00:36:32,600 --> 00:36:35,560 mining facilities, the report concludes that Norway can 725 00:36:35,800 --> 00:36:39,840 contributes .77% to the Bitcoin total global hash rate. 726 00:36:40,040 --> 00:36:43,560 By way of comp comparison, Norway's population of 5 million 727 00:36:43,960 --> 00:36:48,640 contribute contributes a 10th of that or .07% of the global 728 00:36:48,640 --> 00:36:52,080 population Electricity generation by source in Norway 729 00:36:52,080 --> 00:36:58,920 2021 hydro makes up 88%, wind 10% and other 2%. 730 00:36:59,200 --> 00:37:01,680 The most important take away for Bitcoin miners regarding 731 00:37:01,680 --> 00:37:05,160 Norway's electricity mix is that it's fully renewable and will 732 00:37:05,160 --> 00:37:10,000 stay like that. So I just find it interesting. 733 00:37:10,120 --> 00:37:12,960 I find it interesting because that was one of the narratives 734 00:37:12,960 --> 00:37:17,200 that we heard earlier, right about, you know, what energy it 735 00:37:17,200 --> 00:37:19,920 uses. OK, What energy use is not OK. 736 00:37:20,800 --> 00:37:25,960 Here's some of the quotes from the No BS Bitcoin article goes 737 00:37:25,960 --> 00:37:28,680 on to say. Energy Minister Turj Aslan added 738 00:37:28,680 --> 00:37:31,720 that it is particularly the cryptocurrency miners that the 739 00:37:31,720 --> 00:37:35,320 country does not want. They are not welcome in Norway. 740 00:37:35,520 --> 00:37:39,240 We want serious actors who are important to society and the 741 00:37:39,240 --> 00:37:42,560 society serving computer industry is important to us. 742 00:37:43,000 --> 00:37:45,960 Bitcoin mining is associated with large greenhouse gas 743 00:37:45,960 --> 00:37:49,320 emissions and is an example of a type of business we do not want 744 00:37:49,320 --> 00:37:52,000 in Norway. According to Hash Rate Index, 745 00:37:52,000 --> 00:37:56,160 Norway is the largest largest Europe's hydropower producer and 746 00:37:56,160 --> 00:37:58,760 accounts for less than 3% of the bitcoins hash rate. 747 00:37:58,920 --> 00:38:05,480 So again, I find it interesting that a politician is playing 748 00:38:05,480 --> 00:38:09,760 dictator essentially and saying Norway does not welcome Bitcoin 749 00:38:09,760 --> 00:38:12,600 mining. I find it interesting that once 750 00:38:12,600 --> 00:38:16,600 again a politician is trying to associate Bitcoin mining with 751 00:38:16,600 --> 00:38:20,080 large greenhouse gas emissions, even though that has been 752 00:38:20,080 --> 00:38:24,080 rebuked already by Pierre Richard when he did that, that 753 00:38:24,200 --> 00:38:28,080 video basically rebuking the the New York Times article. 754 00:38:29,000 --> 00:38:32,520 So this whole thing I find extremely interesting. 755 00:38:32,520 --> 00:38:34,800 I don't understand it. I don't get it. 756 00:38:35,680 --> 00:38:42,600 Like, so if 100% of the Bitcoin mining from Norway is coming 757 00:38:42,600 --> 00:38:49,320 from renewable energies, how does greenhouse gas emissions 758 00:38:49,320 --> 00:38:52,160 play into that? I don't understand. 759 00:38:52,160 --> 00:38:54,440 So I I don't think he's being sincere here. 760 00:38:55,000 --> 00:38:57,760 And then here where it says they're not welcome in Norway. 761 00:38:58,240 --> 00:39:00,680 We want serious actors who are important to society. 762 00:39:00,680 --> 00:39:04,720 OK, well, who else is going to buy up all that electricity in 763 00:39:04,720 --> 00:39:07,600 the north when there's barely anyone there? 764 00:39:08,440 --> 00:39:10,040 What's going on there? Right. 765 00:39:10,040 --> 00:39:12,800 Could it be another, another example of a political, 766 00:39:12,840 --> 00:39:16,520 politically motivated hit job against Bitcoin mining? 767 00:39:17,440 --> 00:39:22,360 It doesn't make sense. You look at the data, 100% of 768 00:39:22,360 --> 00:39:24,960 Bitcoin mining comes from renewable energies. 769 00:39:24,960 --> 00:39:29,440 In Norway, 100%. The vast majority of Bitcoin 770 00:39:29,440 --> 00:39:33,720 miners are in the north, far away from population centers. 771 00:39:34,360 --> 00:39:37,680 So WTF? It doesn't make sense. 772 00:39:38,480 --> 00:39:40,720 It's almost as if it was politically motivated. 773 00:39:40,840 --> 00:39:45,560 Almost right? Anyways, and we actually covered 774 00:39:45,640 --> 00:39:50,200 a couple episodes in Norway a while back regarding Norway a 775 00:39:50,200 --> 00:39:53,160 while back where there are specific political parties in 776 00:39:53,160 --> 00:39:57,840 Norway like the Green Party and some of the left wing parties 777 00:39:58,040 --> 00:40:00,360 that wanted to ban Bitcoin mining, they they did. 778 00:40:00,480 --> 00:40:03,240 They, you know, they tried to pass a law and it that failed. 779 00:40:04,680 --> 00:40:07,240 And what's what I find interesting is again, like if 780 00:40:07,240 --> 00:40:09,040 you're a Green Party, you want green energy. 781 00:40:09,640 --> 00:40:13,680 But if 100% of the energy is coming from renewables, isn't 782 00:40:13,680 --> 00:40:16,960 that the definition of green? And then that makes you go full 783 00:40:16,960 --> 00:40:19,880 circle. And it kind of reminds me of the 784 00:40:19,880 --> 00:40:23,800 speech that Cynthia Lummus made at the Bitcoin Policy Summit in 785 00:40:23,800 --> 00:40:27,280 Washington, DC. Where she literally claimed 786 00:40:27,880 --> 00:40:32,800 that, look, I I there's some politicians in Washington DC 787 00:40:33,520 --> 00:40:37,520 that are just hell bent against this industry because it takes 788 00:40:37,520 --> 00:40:43,080 away control from them. And I mean, I laid out the data 789 00:40:43,080 --> 00:40:44,920 for you guys. It doesn't make sense. 790 00:40:45,440 --> 00:40:48,840 What about all those communities in north, in northern Norway 791 00:40:49,320 --> 00:40:52,040 where you know, all of a sudden Bitcoin is providing those 792 00:40:52,040 --> 00:40:55,400 opportunities to that community where perhaps there wasn't any 793 00:40:55,400 --> 00:40:59,880 opportunities before? You can't deny that Bitcoin 794 00:40:59,880 --> 00:41:03,200 mining in Norway has definitely employed a lot of people. 795 00:41:03,320 --> 00:41:06,080 You can't deny that those Bitcoin miners are definitely 796 00:41:06,080 --> 00:41:09,080 paying taxes to the Norwegian government. 797 00:41:10,400 --> 00:41:13,840 So how's it hurting the country exactly? 798 00:41:13,840 --> 00:41:16,240 I don't know. And this is something by the way 799 00:41:16,240 --> 00:41:21,800 that we saw in Paraguay as well. There was a piece of news that 800 00:41:21,800 --> 00:41:26,480 dropped last week in regards to Paraguay being anti Bitcoin 801 00:41:26,480 --> 00:41:29,000 mining. And they they wanted to pass a 802 00:41:29,000 --> 00:41:32,800 law that would essentially, you know, curb Bitcoin mining, like 803 00:41:33,120 --> 00:41:37,440 put a 180, a 180 day ban on. It seems like they walked it 804 00:41:37,440 --> 00:41:39,040 back. But there's something in this 805 00:41:39,040 --> 00:41:42,200 article, specifically the line that I highlighted, that I think 806 00:41:42,200 --> 00:41:44,880 is the signal here. So as Paraguay reconsiders 807 00:41:44,880 --> 00:41:48,560 mining ban in favor of selling excess energy to Bitcoin miners, 808 00:41:49,160 --> 00:41:52,160 it goes on to say a recently introduced bill proposed A 809 00:41:52,320 --> 00:41:55,560 sweeping ban on Bitcoin mining. However, the Senators have now 810 00:41:55,560 --> 00:41:58,520 halted progress on the ban and are considering selling the 811 00:41:58,520 --> 00:42:01,160 country's energy surplus to miners instead of selling it to 812 00:42:01,160 --> 00:42:02,960 Brazil and Argentina at low prices. 813 00:42:03,360 --> 00:42:06,160 Quote Today we approved a declaration whereby the Senate 814 00:42:06,160 --> 00:42:09,120 of Paraguay supports local and foreign investments in 815 00:42:09,120 --> 00:42:13,400 infrastructure and urges the the Ministry of the Ministry of 816 00:42:13,400 --> 00:42:16,480 Industry to study the economic advantages of selling our 817 00:42:16,480 --> 00:42:18,760 surplus energy to the crypto mining industry. 818 00:42:19,360 --> 00:42:22,320 A public hearing to debate pros and cons of Bitcoin mining in 819 00:42:22,320 --> 00:42:25,080 Paraguay is said to be held on April 23rd. 820 00:42:26,040 --> 00:42:29,120 Quote Bitcoin mining could cost Paraguay more than $200 million 821 00:42:29,120 --> 00:42:32,800 a year, assuming the country has 500 megawatts of legal miners 822 00:42:32,800 --> 00:42:36,480 paying $0.05 per kWh and operating expenses. 823 00:42:36,920 --> 00:42:39,440 Some of the Bitcoin mining industry's representatives have 824 00:42:39,440 --> 00:42:41,520 already held constructive meetings with the local 825 00:42:41,520 --> 00:42:47,440 government officials. So again, you know, is it 826 00:42:48,040 --> 00:42:51,160 politicians doing this for political reasons? 827 00:42:51,160 --> 00:42:53,960 Is it doing this for political reasons? 828 00:42:56,000 --> 00:42:59,560 But it seems like Bitcoin miner. At least there was enough 829 00:42:59,560 --> 00:43:02,360 influence. So this is Bit Farms, a publicly 830 00:43:02,360 --> 00:43:05,000 traded company here in the US. They had enough influence to at 831 00:43:05,000 --> 00:43:09,000 least influence the politicians. And what's interesting about 832 00:43:09,000 --> 00:43:13,600 this here is this keyword right? Paraguay reconsiders mining ban 833 00:43:13,600 --> 00:43:16,000 in favor of selling excess energy. 834 00:43:16,000 --> 00:43:18,800 That is the keyword excess energy. 835 00:43:18,800 --> 00:43:22,440 If that energy was not being used by Bitcoin miners, it would 836 00:43:22,440 --> 00:43:25,760 go to waste, right? That's where Bitcoin mining 837 00:43:25,800 --> 00:43:29,160 flourishes. Bitcoin monetizes otherwise 838 00:43:29,160 --> 00:43:32,960 stranded and wasted energy. Here's the Kingdom of Bhutan 839 00:43:33,280 --> 00:43:37,760 Bhutan to ramp up Bitcoin mining capacity to 600 megawatts as 840 00:43:37,760 --> 00:43:40,640 having looms. It goes on to say the planned 841 00:43:40,640 --> 00:43:43,160 upgrades will increase the Himalayan kingdom's mining 842 00:43:43,160 --> 00:43:47,160 capacity by 500 megawatts by the first half of 2025. 843 00:43:48,000 --> 00:43:50,360 Matt Kong, chief business officer at Bitdeer, said an 844 00:43:50,360 --> 00:43:54,080 interview that would bring Bhutan's total capacity to 600 845 00:43:54,080 --> 00:43:56,640 megawatts. The capital for this operation 846 00:43:56,640 --> 00:44:00,520 will be obtained from a FIT 500 dollar, $500 million fund 847 00:44:00,520 --> 00:44:02,920 initiated by the duo in May last year. 848 00:44:03,120 --> 00:44:06,240 At that time, they revealed intentions to utilize Bhutan's 849 00:44:06,240 --> 00:44:08,760 plentiful hydroelectric power for Bitcoin mining. 850 00:44:09,120 --> 00:44:12,160 Kong anticipates that the fund will be fully raised by July. 851 00:44:12,680 --> 00:44:16,760 The nation's 500 MW boost will be built on Bitdeer's latest 852 00:44:16,760 --> 00:44:19,720 hardware to lower cost and improve computing power. 853 00:44:20,000 --> 00:44:24,120 Both DHI and Bitdeer remain confident that they can keep 854 00:44:24,640 --> 00:44:28,000 their operations efficient even if bitcoins price falls 855 00:44:28,000 --> 00:44:31,880 following Bitcoins having. According to Kong, Bitdeer boast 856 00:44:32,000 --> 00:44:34,800 one of the industry's lowest expenses per Bitcoin mine, 857 00:44:34,800 --> 00:44:40,640 costing only $20,000 per coin. OK, so I love, I love Max 858 00:44:40,640 --> 00:44:43,640 Keiser's phrase on here about the global kind of hash rate, 859 00:44:43,960 --> 00:44:46,720 hash hash race. I completely agree. 860 00:44:47,040 --> 00:44:50,680 I think, you know, it's interesting to watch. 861 00:44:51,840 --> 00:44:56,960 It's interesting to watch these local jurisdictions attack 862 00:44:56,960 --> 00:44:59,680 Bitcoin mining and then metaphorically kind of shoot 863 00:44:59,680 --> 00:45:02,040 themselves in the foot. And then that creates an 864 00:45:02,040 --> 00:45:05,720 opportunity because of bitcoins incentive structure for another 865 00:45:05,720 --> 00:45:10,080 jurisdiction to kind of pull up like, you know, make up where 866 00:45:10,080 --> 00:45:11,760 the other one kind of dropped the ball, right. 867 00:45:12,200 --> 00:45:15,360 So you know, what doesn't kill Bitcoin makes it stronger. 868 00:45:15,720 --> 00:45:18,640 Norway can't ban Bitcoin. It could only ban itself from 869 00:45:18,640 --> 00:45:23,680 Bitcoin and to kind of rebuke that politician, like you're 870 00:45:23,680 --> 00:45:27,360 only hurting Norway, you're like, and that's a personal 871 00:45:27,360 --> 00:45:30,600 opinion, why don't you let the free market do what the free 872 00:45:30,600 --> 00:45:35,720 market does? Any type of kind of central top 873 00:45:35,720 --> 00:45:41,920 down approach to this where politicians make a decision for 874 00:45:42,280 --> 00:45:45,920 a bunch of a bunch of people rather than the free market 875 00:45:46,480 --> 00:45:49,280 always ends poorly. It doesn't end better, right? 876 00:45:49,600 --> 00:45:53,040 So kind of interesting. Anyways, Opti, what are your 877 00:45:53,040 --> 00:45:54,200 what are your thoughts on this brother? 878 00:45:55,480 --> 00:46:00,960 Yeah well obviously this isn't about renewables and this isn't 879 00:46:00,960 --> 00:46:04,360 about the best use of energy it's just an attempt at at 880 00:46:04,360 --> 00:46:07,200 stopping Bitcoin mining and and we've seen this play big 881 00:46:07,320 --> 00:46:11,520 playbook before So I'm I'm not really surprised at all about 882 00:46:11,520 --> 00:46:14,360 this and and someone said in the chat which I I'm not I can't 883 00:46:14,360 --> 00:46:17,640 fully verify but they're like they're they're just doing the 884 00:46:17,640 --> 00:46:19,760 Fiat playbook and they need the IMF money. 885 00:46:19,760 --> 00:46:21,800 This is, this is how I see it as well. 886 00:46:22,160 --> 00:46:24,360 They're just kind of playing the playbook. 887 00:46:24,360 --> 00:46:28,920 They understand that they can get, you know, good virtue 888 00:46:28,920 --> 00:46:31,080 signaling by trying to stop Bitcoin mining. 889 00:46:31,240 --> 00:46:34,120 And even in that, like regulation, the official 890 00:46:34,120 --> 00:46:36,200 announcement, like they're just regulating data centers. 891 00:46:36,200 --> 00:46:38,960 So, like, are they Nico, let's let's clarify this. 892 00:46:38,960 --> 00:46:42,640 Are they going to be regulating AI and like Google and Amazon or 893 00:46:42,640 --> 00:46:44,880 anything? Or is this just like a wholesale 894 00:46:44,880 --> 00:46:48,120 cover so that they can kind of skirt the line and be like, Oh 895 00:46:48,120 --> 00:46:51,040 yeah, this is all about data centers, but really it's about 896 00:46:51,040 --> 00:46:53,280 Bitcoin mining. Like, like, yeah, they say data 897 00:46:53,280 --> 00:46:55,320 centers, but then that politician's like, yeah, Bitcoin 898 00:46:55,320 --> 00:46:56,800 mining's not welcome in the country. 899 00:46:56,800 --> 00:47:00,560 And like, you know, like it's like like, OK bro and. 900 00:47:00,560 --> 00:47:02,320 Just talking out of both both sides and. 901 00:47:02,440 --> 00:47:05,480 And there's been like, there's been like a historical context 902 00:47:05,480 --> 00:47:08,680 here, right, where, you know, when they, when they attempted 903 00:47:08,680 --> 00:47:12,160 this a couple years ago, the Green Party in the Communist 904 00:47:12,160 --> 00:47:15,840 Party of Norway, that legislation failed, right. 905 00:47:15,840 --> 00:47:18,760 They didn't have enough political support to pass it. 906 00:47:19,040 --> 00:47:22,760 And again, one of the justifications for the Green 907 00:47:22,760 --> 00:47:25,600 Party at the time was that, quote UN quote, which is very 908 00:47:25,600 --> 00:47:29,240 similar to this gentleman's wording, was that, oh, Bitcoin 909 00:47:29,240 --> 00:47:32,560 is a waste of energy. It's not, you know, it's not 910 00:47:32,560 --> 00:47:33,720 good for the climate. I mean. 911 00:47:34,040 --> 00:47:39,400 And I think he's being insincere here when he says that Bitcoin 912 00:47:39,400 --> 00:47:42,680 mining is associated with large greenhouse gas emissions. 913 00:47:42,960 --> 00:47:45,360 And as an example of a type of business we do not want in 914 00:47:45,360 --> 00:47:50,320 Norway, when Norway Bitcoin mining in Norway is 100% powered 915 00:47:50,320 --> 00:47:53,680 by renewables. So like, you can't just swing 916 00:47:53,680 --> 00:47:57,280 that around and be like, oh, it's a, it's associated with the 917 00:47:57,280 --> 00:48:00,400 missions like, but obviously not in your case. 918 00:48:00,640 --> 00:48:04,000 So it's clearly like a a, a, a political talking point. 919 00:48:04,000 --> 00:48:05,520 In my opinion, that's what it looks like. 920 00:48:05,520 --> 00:48:09,640 This is a hit job. But as history has shown anyone 921 00:48:09,640 --> 00:48:12,760 that kind of does this, they're just shooting themselves in the 922 00:48:12,760 --> 00:48:15,400 metaphorical foot and they're creating an opportunity for 923 00:48:15,400 --> 00:48:17,440 someone else in a more friendlier jurisdiction. 924 00:48:17,440 --> 00:48:18,840 So you know what? No way. 925 00:48:18,840 --> 00:48:23,360 I mean that's that's. Yeah, I mean, this is really, I 926 00:48:23,360 --> 00:48:28,640 think like a dying grasp, a dying gasp of them trying to 927 00:48:28,640 --> 00:48:30,720 continue, like the ESG narratives. 928 00:48:30,720 --> 00:48:33,520 I understand, you know, it feels good to say like Bitcoin mining 929 00:48:33,520 --> 00:48:35,440 is bad. You know, we need, we need to 930 00:48:35,440 --> 00:48:38,640 make sure that we're not taking away people's energy uses when 931 00:48:38,640 --> 00:48:41,920 in reality Bitcoin is probably the greenness industry, period. 932 00:48:42,280 --> 00:48:45,920 It's using excess energy. It's not like Bitcoin mining is 933 00:48:45,920 --> 00:48:47,760 taking energy away from people's houses. 934 00:48:47,760 --> 00:48:50,800 Like that's completely not what's happening here. 935 00:48:51,080 --> 00:48:54,000 But really, you know, Anika, you kind of said it and I and I'm 936 00:48:54,080 --> 00:48:57,880 just just to kind of reiterate, like if Norway, Norway wants to 937 00:48:57,880 --> 00:49:00,400 shoot themselves in the knees here, metaphorically of course, 938 00:49:00,600 --> 00:49:03,320 and lose profits. Like you cannot hide from 939 00:49:03,320 --> 00:49:06,080 economic reality. And if they want to make stupid 940 00:49:06,080 --> 00:49:08,240 economic moves, then like, so be it. 941 00:49:08,240 --> 00:49:11,320 We we should encourage them to continue to shoot them in the 942 00:49:11,320 --> 00:49:15,240 foot and and have fun staying poor and trying to stop Bitcoin 943 00:49:15,240 --> 00:49:18,080 miners because Bitcoin miners will just leave and find cheaper 944 00:49:18,080 --> 00:49:20,320 energy. So like, we should continue to 945 00:49:20,320 --> 00:49:23,600 encourage stupid behavior like this because it'll just show 946 00:49:23,760 --> 00:49:26,360 that we are right. And hey, if you want to go 947 00:49:26,360 --> 00:49:29,720 against economic reality, then you will pay the price. 948 00:49:29,720 --> 00:49:31,240 That's the whole thing about Bitcoin. 949 00:49:31,400 --> 00:49:35,800 You cannot hide and skirt from the economic responsibility of 950 00:49:35,800 --> 00:49:38,280 being efficient, of using energy correctly. 951 00:49:38,280 --> 00:49:42,440 This is, I think the secret of Bitcoin is that once Bitcoin 952 00:49:42,440 --> 00:49:46,240 gets connected to energy usage or the real price of energy, 953 00:49:46,400 --> 00:49:48,120 that's when this whole thing switches. 954 00:49:48,120 --> 00:49:50,840 And this, that's when the game really starts to go into Hyper 955 00:49:50,840 --> 00:49:54,280 OverDrive, because anyone that wants to stop Bitcoin mining in 956 00:49:54,280 --> 00:49:56,320 the country, they're just going to get poorer. 957 00:49:56,560 --> 00:50:00,200 And this is like, this is a great example of what I'm going 958 00:50:00,200 --> 00:50:02,480 to be talking about later. It's like, look, you guys can 959 00:50:02,480 --> 00:50:05,880 dig your head in the sand for as long as you want and try to stop 960 00:50:05,880 --> 00:50:08,600 Bitcoin and Bitcoin mining and Bitcoin businesses in your 961 00:50:08,600 --> 00:50:12,160 country and your jurisdictions, but you are going to get poorer. 962 00:50:12,160 --> 00:50:16,280 You can't hide from the economic reality of making good economic 963 00:50:16,280 --> 00:50:18,360 decisions. So if you want to be stupid out 964 00:50:18,360 --> 00:50:21,800 there and and and you know virtue signal that you're good 965 00:50:21,800 --> 00:50:24,800 people and we're we're going to stop what what were they saying? 966 00:50:24,800 --> 00:50:28,400 Like we need we need good economic actors in the in the 967 00:50:28,400 --> 00:50:31,200 economy and it's like this is literally what Bitcoin miners 968 00:50:31,200 --> 00:50:34,920 do. So adding a bow tie onto this, 969 00:50:35,120 --> 00:50:37,520 like going super tinfoil hat here. 970 00:50:37,520 --> 00:50:41,160 Like these are absolute lunatics that want to control your energy 971 00:50:41,160 --> 00:50:43,200 usage. If you pay the price for your 972 00:50:43,200 --> 00:50:45,880 energy, you should be able to use that energy however you want 973 00:50:46,120 --> 00:50:47,440 it. It shouldn't matter to these 974 00:50:47,440 --> 00:50:49,920 people. And that's how you know that 975 00:50:49,920 --> 00:50:53,320 this whole thing is about them trying to stop Bitcoin. 976 00:50:53,320 --> 00:50:55,560 They're they're scared and I love to see it. 977 00:50:55,560 --> 00:50:59,440 I absolutely love to see them be terrified of Bitcoin because all 978 00:50:59,440 --> 00:51:02,320 we really want is a Ledger that no one can mess with. 979 00:51:02,520 --> 00:51:07,200 All we want to do is use energy at an efficient, cheap price so 980 00:51:07,200 --> 00:51:11,520 that we can continue to secure the strongest, hardest money in 981 00:51:11,520 --> 00:51:13,440 the world. And these people come out and 982 00:51:13,440 --> 00:51:15,800 expose themselves. It's really the Bitcoin exposes 983 00:51:15,800 --> 00:51:18,840 incentives, and the more they freak out about Bitcoin, the 984 00:51:18,840 --> 00:51:21,040 more I'm right. I know I'm right about Bitcoin 985 00:51:21,040 --> 00:51:24,200 and they can't stop Bitcoin. So hey, if Norway wants to shoot 986 00:51:24,200 --> 00:51:27,480 themselves in the metaphorical foot here, then Bitcoin miners 987 00:51:27,480 --> 00:51:30,560 will just leave and their citizens will just be out of 988 00:51:30,560 --> 00:51:32,120 jobs. They'll just be poor. 989 00:51:32,120 --> 00:51:36,320 Like, hey, bureaucrats over in Norway, you are literally 990 00:51:36,320 --> 00:51:39,240 hurting your citizens right now. And you know, have fun doing 991 00:51:39,240 --> 00:51:41,480 that because you're going to be out of a job, not Bitcoin 992 00:51:41,480 --> 00:51:42,760 miners. Yeah, right. 993 00:51:42,760 --> 00:51:45,560 And that kind of reminds me of, you know, governments think 994 00:51:45,560 --> 00:51:47,760 they're they're going to regulate Bitcoin, but in reality 995 00:51:47,760 --> 00:51:49,480 it's Bitcoin that's going to regulate governments. 996 00:51:49,480 --> 00:51:52,560 Anyway, I do want to give a very special shout out to one of our 997 00:51:52,560 --> 00:51:55,760 sponsors, the Orange Palap. It's important that you stack 998 00:51:55,760 --> 00:51:59,960 friends who stacks sats. The Orange Palap is the Bitcoin 999 00:51:59,960 --> 00:52:02,280 social layer. If you're moving to a new city, 1000 00:52:02,440 --> 00:52:05,400 a new kind of place, or you're traveling and you want to know 1001 00:52:05,400 --> 00:52:08,200 the bitcoiners that are in your area, the Orange Palap is a 1002 00:52:08,200 --> 00:52:11,320 great resource. It will tell you that Bitcoiners 1003 00:52:11,320 --> 00:52:13,640 that are around you. It also has this very clever 1004 00:52:13,640 --> 00:52:17,160 filtration system to ensure that you're only going to find 1005 00:52:17,400 --> 00:52:20,600 bitcoiners and other like minded individuals on the app. 1006 00:52:20,600 --> 00:52:24,880 I highly, highly recommend it. Simply Bitcoin has a group chat, 1007 00:52:24,880 --> 00:52:27,920 it's in the video description. It's a great way to reach me and 1008 00:52:27,920 --> 00:52:32,000 Opti and also every message that you send us, we take the time to 1009 00:52:32,000 --> 00:52:35,520 go through it and try to reply. To reply to every single one of 1010 00:52:35,520 --> 00:52:38,920 you guys, download the Orange Pull app today by scanning the 1011 00:52:38,920 --> 00:52:41,840 QR code or checking the link in the video description. 1012 00:52:41,960 --> 00:52:44,480 Stack friends who stacks. That's all right, everybody. 1013 00:52:44,520 --> 00:52:49,400 Let's get to the culture. The Daily Culture. 1014 00:52:55,160 --> 00:52:56,600 Everybody. I want to give a shout out to 1015 00:52:56,600 --> 00:53:00,960 our other sponsor copy racks. They are the most trusted place 1016 00:53:00,960 --> 00:53:03,320 to buy, sell host mining equipment. 1017 00:53:03,320 --> 00:53:07,040 Got their racks by scanning the QR code on the screen right now 1018 00:53:07,040 --> 00:53:08,760 or checking the link in the video description. 1019 00:53:08,960 --> 00:53:11,480 It will take you directly to their Telegram marketplace where 1020 00:53:11,480 --> 00:53:13,200 you can connect with a member of their sales team. 1021 00:53:13,240 --> 00:53:15,920 They make purchasing their products easy and transparent. 1022 00:53:16,240 --> 00:53:18,240 You could also sell your mining equipment with them. 1023 00:53:18,480 --> 00:53:21,800 Access their vast network of domestic and international 1024 00:53:21,800 --> 00:53:23,480 customers. When you sell your mining 1025 00:53:23,480 --> 00:53:25,720 equipment with kaboom racks, what are you waiting for? 1026 00:53:25,720 --> 00:53:29,080 Start your mining journey today? Check out kaboom racks, scan the 1027 00:53:29,080 --> 00:53:32,560 QR code or check the link in the video description. 1028 00:53:32,880 --> 00:53:34,840 All right, Opti, What are we talking about today, brother? 1029 00:53:34,840 --> 00:53:38,720 What is the culture? All right, Bros, so I do have a 1030 00:53:38,720 --> 00:53:40,800 video here for you guys, But first I want to give some 1031 00:53:40,800 --> 00:53:44,200 context here because, you know, I went on we Why are we bullish? 1032 00:53:44,200 --> 00:53:46,440 We were on the floor. Bitlock boom, had a great time. 1033 00:53:46,800 --> 00:53:49,880 And you know why? Why are we always bullish on 1034 00:53:49,880 --> 00:53:52,720 Bitcoin? Bitcoin is love to skirt the 1035 00:53:52,720 --> 00:53:55,880 the, the, the basically the elephant in the room that we're 1036 00:53:55,880 --> 00:53:58,040 all just bullish that bitcoins going to go up forever. 1037 00:53:58,040 --> 00:54:00,960 And I basically said that like the reason I'm bullish is 1038 00:54:00,960 --> 00:54:04,240 because we have absolutely incredible institutional demand. 1039 00:54:04,400 --> 00:54:08,760 We're seeing the halving in roughly 3 days, so less Bitcoin 1040 00:54:08,760 --> 00:54:11,960 going on the market. We haven't even seen retail FOMO 1041 00:54:11,960 --> 00:54:14,040 into Bitcoin. We're seeing Bitcoin talk about 1042 00:54:14,040 --> 00:54:17,720 in all the corporate press and we're barely above all time 1043 00:54:17,720 --> 00:54:20,880 high. So like I said, all that of 1044 00:54:20,880 --> 00:54:23,520 course in the sense of Leah number go up makes us all 1045 00:54:23,520 --> 00:54:26,520 bullish and someone responded like is OPTI really just being 1046 00:54:26,520 --> 00:54:29,200 bullish about price? Well, yes and no. 1047 00:54:29,200 --> 00:54:31,800 It's more the fact that Bitcoin is the scarcest money and now 1048 00:54:31,800 --> 00:54:34,440 people are going to wake up to this fact and yes, number will 1049 00:54:34,440 --> 00:54:38,400 go up in response to this. And so with that being said, 1050 00:54:38,720 --> 00:54:43,400 shouts out to my boy Nolan. He is I think one of one of the 1051 00:54:43,400 --> 00:54:48,560 most clear thinkers in what is actually going on in the game 1052 00:54:48,560 --> 00:54:50,160 and he avoids all the technicals. 1053 00:54:50,160 --> 00:54:53,120 He kind of takes the angle that we take here that this is a 1054 00:54:53,120 --> 00:54:57,120 cultural war, that that this is how we win is by basically 1055 00:54:57,120 --> 00:55:01,040 putting a mirror up to the Fiat world and then showing them that 1056 00:55:01,040 --> 00:55:02,560 things can be better on the Bitcoin world. 1057 00:55:02,840 --> 00:55:05,240 And I watched his podcast with Walker. 1058 00:55:05,240 --> 00:55:07,000 He did a great interview with Walker. 1059 00:55:07,000 --> 00:55:09,400 Highly recommend you guys go watch it because it's great 1060 00:55:09,400 --> 00:55:11,240 insight and I watch his show every morning. 1061 00:55:11,240 --> 00:55:13,960 I I love him and it's like how I get get ready for the show. 1062 00:55:13,960 --> 00:55:16,240 I drink my coffee and watch Nolan in the morning, the 1063 00:55:16,240 --> 00:55:21,120 breakup, and he did this video and this is just a little clip 1064 00:55:21,120 --> 00:55:24,880 of it. But I absolutely love how Nolan 1065 00:55:24,880 --> 00:55:27,600 is able to do it and he gets way spicier than we do, hence why 1066 00:55:27,600 --> 00:55:32,240 he's basically only on Rumble. But I just love it and I'm just 1067 00:55:32,240 --> 00:55:34,000 going to play the video and then I'll rant a little bit. 1068 00:55:34,000 --> 00:55:36,320 So here we go. So we're not fighting against 1069 00:55:36,760 --> 00:55:38,960 people who had better arguments. There's no arguments here. 1070 00:55:38,960 --> 00:55:40,840 We're not. This is not the we're not in the 1071 00:55:40,840 --> 00:55:44,160 field of rational humans. We're not rational. 1072 00:55:44,680 --> 00:55:47,680 We're not rational. We teach, you know, Bitcoin. 1073 00:55:47,680 --> 00:55:50,080 There's numbers everywhere. There's nothing to do with math. 1074 00:55:50,080 --> 00:55:52,080 People say, oh, I love the math of Bitcoin. 1075 00:55:52,080 --> 00:55:54,080 Yeah, it's great. It's what gives us assurance 1076 00:55:54,080 --> 00:55:55,840 that it's true and it's the one data point. 1077 00:55:56,280 --> 00:55:59,680 But truthfully, it is the psychology that it unleashes as 1078 00:55:59,680 --> 00:56:02,560 our advantage, right? The the confidence that we've 1079 00:56:02,560 --> 00:56:07,920 got, the system is what will inevitably bring us to a level 1080 00:56:07,920 --> 00:56:11,000 of of of economic ability to win this fight. 1081 00:56:11,000 --> 00:56:13,680 And that's what we have to do. It's an economic war and we've 1082 00:56:13,680 --> 00:56:15,040 got to be richer than them. That's it. 1083 00:56:15,120 --> 00:56:18,240 We need the bitcoiners, the richest, and all the people 1084 00:56:18,240 --> 00:56:21,000 who've gone in early rich. But that's not really the prize. 1085 00:56:21,000 --> 00:56:23,360 The prize is to decimate the job of Wall Street. 1086 00:56:23,360 --> 00:56:25,200 It's to destroy the financial engineer. 1087 00:56:25,240 --> 00:56:28,160 So we're not fighting against people who had better arguments. 1088 00:56:28,160 --> 00:56:29,320 There's no arguments here. We're not. 1089 00:56:29,320 --> 00:56:30,880 This is not sorry, it looped. It looped. 1090 00:56:31,120 --> 00:56:34,120 OK. The reason I wanted to play this 1091 00:56:34,120 --> 00:56:37,960 is because I know bitcoiners, they love to avoid saying like, 1092 00:56:37,960 --> 00:56:39,560 oh, we're here just for number go up. 1093 00:56:39,560 --> 00:56:41,440 Obviously we all love number go up. 1094 00:56:41,440 --> 00:56:44,840 We all want to live a good life. And with number goes up. 1095 00:56:44,840 --> 00:56:49,320 That also means freedom goes up. If we instill the good Bitcoin 1096 00:56:49,320 --> 00:56:51,760 practices and you can say good in in parentheses. 1097 00:56:51,760 --> 00:56:53,680 There's no right way. It's a free market after all. 1098 00:56:53,680 --> 00:56:55,040 You can do whatever you want with your money. 1099 00:56:55,040 --> 00:56:56,640 I'm not here to tell you what to do with your money. 1100 00:56:56,880 --> 00:57:01,520 But one lesson I've learned recently, and Nolan has learned 1101 00:57:01,520 --> 00:57:04,600 this a long time ago, and we're all kind of coming to the same 1102 00:57:04,600 --> 00:57:07,920 idea, is that most people aren't logical. 1103 00:57:08,120 --> 00:57:10,280 Like, this is where we're at right now. 1104 00:57:10,960 --> 00:57:15,160 If logical arguments for Bitcoin, for Bitcoin worked on 1105 00:57:15,160 --> 00:57:17,480 the normie, then everyone would be a bitcoiner. 1106 00:57:17,480 --> 00:57:21,000 But that's not the case. The thing I've really latched on 1107 00:57:21,000 --> 00:57:24,640 to lately is that most people are emotional and then they back 1108 00:57:24,640 --> 00:57:27,000 rationalize their feelings with mental gymnastics. 1109 00:57:27,000 --> 00:57:30,520 Like this is how humans work. Understand how humans work and 1110 00:57:30,520 --> 00:57:34,200 you'll be better able to spread the Bitcoin signal. 1111 00:57:34,200 --> 00:57:37,720 So again, the logical arguments for Bitcoin are, yes, there's a 1112 00:57:37,720 --> 00:57:40,880 time and a place for this. Like yes, you know, speaking 1113 00:57:40,880 --> 00:57:46,240 facts to people, it's important. But if that works solely to get 1114 00:57:46,240 --> 00:57:48,760 people on the Bitcoin standard, then everyone would already be 1115 00:57:48,760 --> 00:57:51,440 on a Bitcoin standard. But I'm sure you guys go out to 1116 00:57:51,440 --> 00:57:54,160 your friends and your family and you give them all the logical 1117 00:57:54,160 --> 00:57:56,920 facts and you'll you instantly see their eyes glaze over and 1118 00:57:56,920 --> 00:57:58,720 you're like, Dang, I failed once again. 1119 00:57:58,960 --> 00:58:02,080 So I really like this framing of Nolan here. 1120 00:58:02,320 --> 00:58:06,520 Where it's like the best way to win is just for us to get richer 1121 00:58:06,520 --> 00:58:08,640 than everyone. And I know bit corners will 1122 00:58:08,640 --> 00:58:10,160 basically, right? And it's like, oh, you're just a 1123 00:58:10,160 --> 00:58:11,440 number. Go up Fiat Maxi. 1124 00:58:11,440 --> 00:58:13,320 You're you're Fiat Maxi. Oh man. 1125 00:58:13,320 --> 00:58:17,080 Like I'm in it for the tag, bro. And you can call me all you 1126 00:58:17,080 --> 00:58:20,640 want, but I understand how the Normie mine works. 1127 00:58:20,640 --> 00:58:25,240 And for better or worse they respond to you being richer than 1128 00:58:25,240 --> 00:58:26,880 them. If you are more successful than 1129 00:58:26,880 --> 00:58:28,600 them then they will listen to you. 1130 00:58:29,200 --> 00:58:32,520 And I'm a capitalist like I I love capitalism. 1131 00:58:32,520 --> 00:58:36,600 I think capitalism has given us all the great tech and 1132 00:58:36,600 --> 00:58:39,880 innovations of the modern world and it's been corrupted by the 1133 00:58:39,880 --> 00:58:42,360 collectivists out there. But don't be misguided. 1134 00:58:42,560 --> 00:58:45,680 Your favorite collectivist is also a capitalist. 1135 00:58:45,680 --> 00:58:48,160 They just cloak it in some feel good narrative, their you know, 1136 00:58:48,160 --> 00:58:50,800 their virtue sibling that they're a good person and 1137 00:58:50,800 --> 00:58:54,000 they're not a greedy capitalist. And this is another thing that 1138 00:58:54,000 --> 00:58:59,040 I've that I've kind of hinted on recently is that This is why you 1139 00:58:59,040 --> 00:59:02,960 see on the right that most of them avoid conversations about 1140 00:59:02,960 --> 00:59:06,040 money is because they understand that the left has a very low 1141 00:59:06,040 --> 00:59:08,600 hanging argument of oh, you're a greedy capitalist, all you care 1142 00:59:08,600 --> 00:59:10,840 about is profits. What about the little man man, 1143 00:59:10,840 --> 00:59:14,920 Like you don't care about humans and it's like no, like everyone 1144 00:59:14,920 --> 00:59:18,680 cares about money because this is how we survive, this is how 1145 00:59:18,840 --> 00:59:22,000 we have economic activity. This is how we trade things in 1146 00:59:22,000 --> 00:59:24,720 the world. You know, I could go into all of 1147 00:59:24,720 --> 00:59:28,000 the the Bitcoin narratives like coincidence of alliance, of a 1148 00:59:28,000 --> 00:59:31,640 better money technology, of the Byzantine general problem. 1149 00:59:31,640 --> 00:59:35,080 I we can go into all of this. But most people just don't care 1150 00:59:35,080 --> 00:59:37,840 guys. So the reason I want to bring 1151 00:59:37,840 --> 00:59:41,240 this up today, and the reason I think that Nolan is hitting the 1152 00:59:41,240 --> 00:59:43,920 nail on the head, is because we are in an economic war. 1153 00:59:43,920 --> 00:59:48,280 And the best way to win that war is literally by being wealthier 1154 00:59:48,280 --> 00:59:51,120 than everyone else, by you guys stacking sats, by you guys 1155 00:59:51,120 --> 00:59:53,600 making correct economic decisions. 1156 00:59:53,880 --> 00:59:55,840 This is how we get the message across. 1157 00:59:55,840 --> 00:59:59,560 I say it all the time. You are a walking billboard for 1158 00:59:59,560 --> 01:00:01,960 Bitcoin, so you have to get your mind right. 1159 01:00:01,960 --> 01:00:04,600 You got to get your body right. You have to become wealthy. 1160 01:00:04,840 --> 01:00:07,800 And then not only considering the fact that inflation is 1161 01:00:07,800 --> 01:00:09,760 getting rampant, that everything's getting more 1162 01:00:09,760 --> 01:00:11,920 expensive. And so to live a good life you 1163 01:00:11,920 --> 01:00:14,200 literally have to become wealthy. 1164 01:00:14,200 --> 01:00:17,440 Like the millionaire meme no longer even holds its weight. 1165 01:00:17,440 --> 01:00:20,360 Like having $1,000,000 in today's society is still 1166 01:00:20,360 --> 01:00:23,360 basically meaning you're poor. Like, I think it's 10X by now. 1167 01:00:23,360 --> 01:00:26,360 Like a a new millionaire is basically like having $10 1168 01:00:26,360 --> 01:00:27,360 million. So. 1169 01:00:28,320 --> 01:00:33,160 You need to not get shamed into believing that you are a bad 1170 01:00:33,160 --> 01:00:37,160 person because you want money. Everyone wants money. 1171 01:00:37,160 --> 01:00:40,440 Only some people cloak this in this feel good virtue signaling 1172 01:00:40,440 --> 01:00:42,160 narrative. Like I'm a good person man. 1173 01:00:42,160 --> 01:00:44,320 Like I I don't do it for the money man. 1174 01:00:44,320 --> 01:00:46,840 I do it for some higher ideological reasons. 1175 01:00:46,840 --> 01:00:49,800 It's like no man like go forth and prosper. 1176 01:00:49,960 --> 01:00:53,120 This is the way. Get healthy, get rich. 1177 01:00:53,280 --> 01:00:56,080 This is how we win the culture over, is by people looking at 1178 01:00:56,080 --> 01:00:58,400 bitcoiners and being like, oh, these you guys are the happiest, 1179 01:00:58,640 --> 01:01:01,360 wealthiest, most successful people in the society. 1180 01:01:01,360 --> 01:01:05,440 And I want to be like this. This is why you need to 1181 01:01:05,440 --> 01:01:08,120 acknowledge that it's okay to want money. 1182 01:01:08,280 --> 01:01:10,160 Just do it with some morals, Do it. 1183 01:01:10,160 --> 01:01:12,960 Do it with some principles. And then we show the world that 1184 01:01:12,960 --> 01:01:17,320 we have the superior intellect. We have the superior perspective 1185 01:01:17,320 --> 01:01:20,720 on the world. It is of the utmost importance 1186 01:01:20,840 --> 01:01:23,760 that you are fit, that you are wealthy, and that you live a 1187 01:01:23,800 --> 01:01:26,320 good life. And this is how we market 1188 01:01:26,320 --> 01:01:28,280 Bitcoin. All you need to do is save in 1189 01:01:28,280 --> 01:01:31,440 Bitcoin, get healthy, get your mind right, get your body right. 1190 01:01:31,680 --> 01:01:34,320 And this is how you spread the Bitcoin memes. 1191 01:01:34,560 --> 01:01:37,600 Enjoy life more than people on the Fiat world. 1192 01:01:37,800 --> 01:01:41,720 Nico says it all the time the the Fiat world is a culture of 1193 01:01:41,720 --> 01:01:45,200 nihilism and pessimism, and the Bitcoin world is a world of 1194 01:01:45,200 --> 01:01:49,040 optimism, of positivity, of hope, of there is a better way. 1195 01:01:49,160 --> 01:01:53,440 There is an alternative to the madness that we are seeing in 1196 01:01:53,440 --> 01:01:56,080 the world right now. And the best way to do that is 1197 01:01:56,080 --> 01:01:58,200 by enjoying life. So don't get caught up in the 1198 01:01:58,200 --> 01:02:02,120 argument or or arguing the facts of the matter like feelings do 1199 01:02:02,120 --> 01:02:05,960 not care about the facts and everyone's in their fields. 1200 01:02:06,080 --> 01:02:08,800 So of course, us big corners, we love facts. 1201 01:02:08,800 --> 01:02:10,600 You know, we have the meme like facts over feelings. 1202 01:02:10,600 --> 01:02:13,040 But even when you talk to some bitcoiners, they all get caught 1203 01:02:13,040 --> 01:02:16,480 up in their feelings and and no one wants to readjust their 1204 01:02:16,480 --> 01:02:18,400 mental point of view of the world. 1205 01:02:18,400 --> 01:02:21,520 No one wants to adjust the way they view the world. 1206 01:02:21,520 --> 01:02:24,840 They dig in their toes and then they back rationalize 1207 01:02:24,840 --> 01:02:26,800 everything. Just understand how humans work 1208 01:02:27,200 --> 01:02:30,360 and this is how we win. And you know how you know you'll 1209 01:02:30,360 --> 01:02:33,800 be right is because your savings is going up, because you are 1210 01:02:33,800 --> 01:02:36,080 getting wealthier, because you're living a good life. 1211 01:02:36,280 --> 01:02:39,800 And we said all the time Bitcoin aligned with truth and if you 1212 01:02:39,800 --> 01:02:41,720 align with truth you live a good life. 1213 01:02:41,720 --> 01:02:45,600 This is why I fundamentally know that Bitcoin is going to win. 1214 01:02:45,800 --> 01:02:49,160 Money is simply a scoreboard for your economic output. 1215 01:02:49,160 --> 01:02:51,640 If you're broke, it means one of two things to me. 1216 01:02:51,800 --> 01:02:54,560 Either you don't provide much to the to the economy, you don't 1217 01:02:54,560 --> 01:02:57,440 provide much value or you're financially illiterate. 1218 01:02:57,440 --> 01:03:01,680 So like acknowledge that if you are not in the the position you 1219 01:03:01,680 --> 01:03:05,200 want to be, it means that you are at fault here. 1220 01:03:05,320 --> 01:03:07,320 Yes, there's a bunch of stuff going on out there. 1221 01:03:07,320 --> 01:03:09,240 Yes, the Fiat system's rigged against us. 1222 01:03:09,240 --> 01:03:11,920 Yes, there's you know corporate talker see out there and 1223 01:03:11,920 --> 01:03:13,520 oligarchy that wants to keep you down. 1224 01:03:13,520 --> 01:03:15,800 Yeah, yeah that's all. Like, I agree. 1225 01:03:16,040 --> 01:03:19,400 But it also means that you are not aligned with truth, that 1226 01:03:19,400 --> 01:03:22,640 you're not providing value to your fellow man and you need 1227 01:03:22,640 --> 01:03:26,400 resources to survive in the world we live in. 1228 01:03:26,400 --> 01:03:30,320 This is a non negotiable. You need to have resources. 1229 01:03:30,320 --> 01:03:34,080 So get wealthy, make sure you're providing value, and don't let 1230 01:03:34,080 --> 01:03:37,200 people shame you into literally being broke. 1231 01:03:37,800 --> 01:03:40,560 This is what we're seeing right now, that we have this whole 1232 01:03:40,560 --> 01:03:45,160 meme and in their culture of like equal man. 1233 01:03:45,160 --> 01:03:47,640 What is it? Equal output. 1234 01:03:47,720 --> 01:03:50,280 Like everyone wants to be equal. Well usually that means that 1235 01:03:50,280 --> 01:03:53,040 everyone is equally poor. Like I believe in equal 1236 01:03:53,040 --> 01:03:54,920 opportunity. We should all have the 1237 01:03:54,920 --> 01:03:58,680 opportunity to try to succeed. But I don't think anyone is ever 1238 01:03:58,680 --> 01:04:01,960 equal. We all have, you know, skills 1239 01:04:02,200 --> 01:04:04,480 that other people don't have. We all started at different 1240 01:04:04,480 --> 01:04:08,240 points in the world. But you have to align with truth 1241 01:04:08,480 --> 01:04:11,400 to win. You have to get wealthy. 1242 01:04:11,520 --> 01:04:15,320 You have to acknowledge number go up is a thing that number go 1243 01:04:15,320 --> 01:04:18,960 up will drive people into Bitcoin and then show them why 1244 01:04:18,960 --> 01:04:21,000 number go up leads to freedom go up. 1245 01:04:21,160 --> 01:04:24,120 Why number go up will lead to responsibility going up. 1246 01:04:24,360 --> 01:04:29,800 Because if facts if the Bitcoin fact memes that would that we 1247 01:04:29,840 --> 01:04:33,440 love to propagate actually connected with the normie MPC 1248 01:04:33,440 --> 01:04:35,040 out there everyone would be bit corners. 1249 01:04:35,240 --> 01:04:37,520 But I know you guys argue with your friends and family all the 1250 01:04:37,520 --> 01:04:39,520 time about facts and they never listen. 1251 01:04:39,520 --> 01:04:43,360 So it's upon you to get wealthy because this is an economic war. 1252 01:04:43,360 --> 01:04:46,440 It is the Fiat world versus the Bitcoin world. 1253 01:04:46,720 --> 01:04:50,720 It is not the left versus right. It's the state versus you and 1254 01:04:50,720 --> 01:04:53,480 the state hates you. So get rich. 1255 01:04:53,560 --> 01:04:56,880 Show everyone around you that yes, I made the right economic 1256 01:04:56,880 --> 01:05:00,360 moves and I am wealthy and I'm prospering and life is beautiful 1257 01:05:00,360 --> 01:05:02,800 and life is great and you can join us here. 1258 01:05:03,000 --> 01:05:05,000 Everyone just wants to live a good life. 1259 01:05:05,000 --> 01:05:08,560 So have fun with it, man. Have fun with the fact that we 1260 01:05:08,560 --> 01:05:10,760 are correct. Yes, it's going to get darker 1261 01:05:10,760 --> 01:05:14,040 before it gets better. Mock the Normie MPC out there. 1262 01:05:14,040 --> 01:05:16,880 Mock the corporate press out there, Mock the official numbers 1263 01:05:16,880 --> 01:05:20,600 coming out from the from the propaganda media machines. 1264 01:05:21,040 --> 01:05:25,120 And enjoy your life to such a degree that it is undeniable 1265 01:05:25,120 --> 01:05:28,000 that it's better to live on a Bitcoin standard. 1266 01:05:28,480 --> 01:05:32,480 Stay positive, stay wealthy, and win so hard that it is 1267 01:05:32,560 --> 01:05:36,680 undeniable that living on the Bitcoin standard is the best way 1268 01:05:36,680 --> 01:05:38,800 to live. This is how we win the culture, 1269 01:05:39,080 --> 01:05:41,800 and this is how we will continue to win the culture. 1270 01:05:42,080 --> 01:05:45,800 Normies only respect one thing, and that is wealth. 1271 01:05:45,800 --> 01:05:47,840 They don't care about your morals, They don't care about 1272 01:05:47,840 --> 01:05:50,880 your ideologies. So play the game better. 1273 01:05:51,080 --> 01:05:54,400 Be successful, Build good companies, Live a good life. 1274 01:05:54,400 --> 01:05:59,280 Be healthier, be everything they wish they wanted, and your life 1275 01:05:59,520 --> 01:06:02,360 will be a walking billboard for Bitcoin. 1276 01:06:02,360 --> 01:06:05,760 We are winning so hard. I absolutely love Nolan coming 1277 01:06:05,760 --> 01:06:09,320 out here and saying this very simple meme, guys. 1278 01:06:09,320 --> 01:06:12,360 It's an economic war and we got to be richer than them. 1279 01:06:12,360 --> 01:06:14,640 That's it. We need big corners to be the 1280 01:06:14,640 --> 01:06:16,480 richest. But that's not the prize. 1281 01:06:16,480 --> 01:06:18,760 The prize is to decimate the Fiat world. 1282 01:06:19,000 --> 01:06:21,040 It's to destroy the financial engineering. 1283 01:06:21,200 --> 01:06:24,440 It's to literally attract the smartest and best people to 1284 01:06:24,440 --> 01:06:28,120 Bitcoin and build a better world in real time. 1285 01:06:29,800 --> 01:06:31,840 And this is how we win. I really like this hold on stock 1286 01:06:31,840 --> 01:06:34,040 market, Mike. The best revenge is living well. 1287 01:06:34,280 --> 01:06:36,520 This is this is what we're up against. 1288 01:06:36,520 --> 01:06:39,560 Guys live a great life and it's going to be undeniable. 1289 01:06:39,560 --> 01:06:41,440 So shouts out to Nolan. Go watch Nolan. 1290 01:06:41,480 --> 01:06:45,920 He's a lot spicier than I am. But I love this perspective. 1291 01:06:45,920 --> 01:06:49,160 Guys. If if and we still have the 1292 01:06:49,160 --> 01:06:51,360 Bitcoin meme of like I'm in it for the tech bro, it's like 1293 01:06:51,360 --> 01:06:52,520 yeah, we're all in it for the tech. 1294 01:06:52,520 --> 01:06:54,880 Because without the tech number go up will not go up. 1295 01:06:54,960 --> 01:06:58,560 We we need decentralization. We need the censorship resistant 1296 01:06:58,560 --> 01:07:00,120 money. You need to be taking Bitcoin 1297 01:07:00,120 --> 01:07:02,840 into custody. We need to defund the swamp as 1298 01:07:02,840 --> 01:07:05,120 the meme goes. But the best way to get this 1299 01:07:05,120 --> 01:07:10,840 message across is by being successful and wealthy and 1300 01:07:10,840 --> 01:07:14,600 living a great life and just showing people our life's 1301 01:07:14,600 --> 01:07:15,560 better. It's like that one meme. 1302 01:07:15,560 --> 01:07:17,840 You know, to the left Fiat world, it's cloudy. 1303 01:07:17,840 --> 01:07:20,760 It's, it's, it's like, you know, it's castle. 1304 01:07:20,760 --> 01:07:22,560 It's dark. It's it's negative. 1305 01:07:22,560 --> 01:07:24,840 And then the right side is like, oh man, it's beautiful, it's 1306 01:07:24,840 --> 01:07:26,040 flowers. Life is great. 1307 01:07:26,040 --> 01:07:29,080 We woke up, You know, we've been giving paradise go create. 1308 01:07:29,400 --> 01:07:32,400 This is what we have to do. Save the hardest money. 1309 01:07:32,560 --> 01:07:34,040 Go create the world we want to see. 1310 01:07:34,360 --> 01:07:35,880 And everyone's going to join us eventually. 1311 01:07:35,880 --> 01:07:38,640 You don't have to hit them with logic and facts and all this. 1312 01:07:38,640 --> 01:07:42,520 I love the logic and the facts, but anytime I talk to an army 1313 01:07:42,840 --> 01:07:47,360 they tune out so you're literally prompt engineering 1314 01:07:47,360 --> 01:07:48,920 them. As Nolan always says you are 1315 01:07:48,920 --> 01:07:52,440 mind hacking them. So continue to hack their minds 1316 01:07:52,600 --> 01:07:56,600 by mocking their reality and showing them that our reality is 1317 01:07:56,600 --> 01:07:59,440 better. It is the greatest life to be on 1318 01:07:59,440 --> 01:08:02,000 a Bitcoin standard and and everyone will learn about this 1319 01:08:02,000 --> 01:08:03,680 soon enough. Amen to that. 1320 01:08:03,680 --> 01:08:06,280 Amen to that. So just to kind of add to a 1321 01:08:06,280 --> 01:08:08,720 little, little bit of a different take, 'cause I, I love 1322 01:08:08,720 --> 01:08:13,480 the the optimistic take and, you know, just get your mind right, 1323 01:08:13,480 --> 01:08:15,240 get your body right, and that's how we win. 1324 01:08:15,240 --> 01:08:17,439 Set an example for others around you, right. 1325 01:08:17,640 --> 01:08:22,359 What I got to say is the part where Nolan said this is war, 1326 01:08:22,359 --> 01:08:24,960 right? And I 100% agree with him. 1327 01:08:25,279 --> 01:08:27,840 This is narrative trench warfare on the battlegrounds of the 1328 01:08:27,840 --> 01:08:31,120 Internet. And it's actually I, I came to 1329 01:08:31,120 --> 01:08:35,520 this realization kind of thinking about this a while ago. 1330 01:08:35,560 --> 01:08:38,279 And I was like, it is about power, right? 1331 01:08:38,279 --> 01:08:43,920 So if you connect the thing with Norway and you connect the 1332 01:08:44,200 --> 01:08:48,240 attacks by Elizabeth Warren and you hear what Nolan was saying 1333 01:08:48,240 --> 01:08:51,760 about the fact that they don't have the truth on their side, 1334 01:08:52,000 --> 01:08:56,399 like they don't have, they don't have the arguments, right. 1335 01:08:56,680 --> 01:09:01,800 So they fundamentally just rely on coercion and power to get 1336 01:09:01,800 --> 01:09:03,840 their way. They don't even, they don't even 1337 01:09:03,840 --> 01:09:06,319 bother it anymore. They didn't even try to hide it 1338 01:09:06,319 --> 01:09:08,960 anymore. Like the whole Elizabeth Warren 1339 01:09:08,960 --> 01:09:13,600 thing where she used a fake Wall Street Journal article to put 1340 01:09:13,600 --> 01:09:17,640 pressure on the Treasury so that the Treasury would put pressure 1341 01:09:17,640 --> 01:09:20,800 on Fin Cen. The attack on Bitcoin mining, it 1342 01:09:20,800 --> 01:09:26,880 has not like the environment is the excuse, like the environment 1343 01:09:26,880 --> 01:09:30,319 is the justification for their actions. 1344 01:09:30,760 --> 01:09:34,960 And if a normie is not well informed, if someone is not 1345 01:09:34,960 --> 01:09:40,359 buying into it, it kind of provides this, this, this air 1346 01:09:40,359 --> 01:09:45,760 cover of morality. Oh, we're justifying turning off 1347 01:09:45,880 --> 01:09:50,399 toasters because we're trying to save the planet. 1348 01:09:50,399 --> 01:09:54,960 But when you look at the facts like these are all, it's all 1349 01:09:54,960 --> 01:09:58,400 powered by quote, UN quote, to use your words, renewable 1350 01:09:58,400 --> 01:10:00,680 energy. So now we're getting to the 1351 01:10:00,680 --> 01:10:05,080 point where politicians are deciding what is what is an 1352 01:10:05,080 --> 01:10:09,240 acceptable use of electricity and what is not an acceptable 1353 01:10:09,240 --> 01:10:12,680 use of electricity. And that is a very scary world 1354 01:10:12,680 --> 01:10:15,560 to be in. Because the moment that is 1355 01:10:15,560 --> 01:10:19,880 accepted, right, all of a sudden what happens when they're like, 1356 01:10:19,920 --> 01:10:22,720 OK, your washing machine, your car. 1357 01:10:22,720 --> 01:10:25,920 If you have an electric car, you can only drive a certain amount 1358 01:10:25,920 --> 01:10:30,480 of miles every day because hashtag save the planet, right? 1359 01:10:30,760 --> 01:10:34,640 I don't want to live in that world where a bureaucratic elite 1360 01:10:35,120 --> 01:10:40,000 that don't play by the same set of rules get to dictate the 1361 01:10:40,000 --> 01:10:42,120 rules that everyone else should live by. 1362 01:10:42,720 --> 01:10:46,520 That's a really fucked up world. I want to live a free life. 1363 01:10:46,520 --> 01:10:49,480 I want to live. I want my children to live in a 1364 01:10:49,480 --> 01:10:53,800 free world. So the question that I'm going 1365 01:10:53,800 --> 01:10:57,600 to have to pass it on to you guys is Bitcoin or slavery, 1366 01:10:57,720 --> 01:10:58,880 right? Bitcoin or slavery? 1367 01:10:58,880 --> 01:11:00,520 What world? And I tweeted it out this 1368 01:11:00,520 --> 01:11:05,400 morning, I said good morning, 90% of the world's nations are 1369 01:11:05,400 --> 01:11:07,640 developing a central bank digital currency. 1370 01:11:07,960 --> 01:11:10,160 It's coming and it's coming hard, right? 1371 01:11:10,440 --> 01:11:14,040 So I agree with Nolan. I think as time progresses, we 1372 01:11:14,040 --> 01:11:16,520 will be richer than the Contilion Air class. 1373 01:11:16,760 --> 01:11:20,120 And when we get richer, we'll become more influential, more 1374 01:11:20,120 --> 01:11:22,520 powerful. And I can't wait till that 1375 01:11:22,520 --> 01:11:25,400 world. But until then, it's our job as 1376 01:11:25,400 --> 01:11:29,200 bitcoiners and individuals to really orange peel the people 1377 01:11:29,200 --> 01:11:32,520 around us. Wake them up to this reality, 1378 01:11:32,560 --> 01:11:34,680 right, This reality. Dick, look, do you want to live 1379 01:11:34,680 --> 01:11:38,120 in a Bitcoin world or do you want to live on a Fiat standard? 1380 01:11:38,360 --> 01:11:41,640 And all the mechanisms of control and all the things that 1381 01:11:41,640 --> 01:11:46,600 you're seeing are byproducts of a Fiat standard. 1382 01:11:47,760 --> 01:11:52,600 Fiat fuels collectivism. Bitcoin starves it without their 1383 01:11:52,600 --> 01:11:56,360 ability to effectively redistribute wealth via money 1384 01:11:56,360 --> 01:12:02,560 printing and via taxation. Specifically the the the money 1385 01:12:02,560 --> 01:12:05,600 printing aspect of things right 'cause direct taxation. 1386 01:12:05,600 --> 01:12:08,720 You can make the argument OK, people agreed to that. 1387 01:12:08,720 --> 01:12:10,760 You know, I have AI have an opinion on that, right? 1388 01:12:10,760 --> 01:12:13,720 I don't think it's a coincidence that the Federal Reserve was 1389 01:12:13,720 --> 01:12:16,640 established the same year of the federal income tax and the 1390 01:12:16,640 --> 01:12:21,440 federal income tax started at 1% and how, you know, Fast forward, 1391 01:12:21,760 --> 01:12:26,800 you know 100 plus years later we're at 39% And and then I saw 1392 01:12:26,840 --> 01:12:31,440 this like the other day which is like the like the founding 1393 01:12:31,440 --> 01:12:35,080 Fathers revolted over like a three or 10%, some like really 1394 01:12:35,920 --> 01:12:40,880 2% tax, 2% tax and they were basically making the argument no 1395 01:12:40,880 --> 01:12:44,600 taxation without representation. I mean, my argument to that is 1396 01:12:45,000 --> 01:12:47,040 where are those taxes going, right. 1397 01:12:47,360 --> 01:12:52,440 If they're spending more money than it collects in tax revenue, 1398 01:12:53,120 --> 01:12:56,480 trillion dollar deficit spending, that is the GDP of 1399 01:12:56,680 --> 01:12:59,120 most countries, just to kind of give you an idea. 1400 01:12:59,120 --> 01:13:02,440 And they're spending that. Where is that money coming from? 1401 01:13:02,680 --> 01:13:06,280 It's coming via money printing. We keep hearing this on the 1402 01:13:06,280 --> 01:13:09,320 legacy media, how well the economy is doing and like woo 1403 01:13:09,360 --> 01:13:13,640 Hoo, like it's doing great. However, most people are still 1404 01:13:13,640 --> 01:13:15,520 feeling pain. They can't put their finger on 1405 01:13:15,520 --> 01:13:18,440 it, right? So this is what Nolan is talking 1406 01:13:18,440 --> 01:13:20,200 about. This is the war at hand. 1407 01:13:20,200 --> 01:13:23,120 This is narrative trench warfare on the battlegrounds of the 1408 01:13:23,120 --> 01:13:26,240 Internet, trying to win over the hearts and minds of the world. 1409 01:13:26,640 --> 01:13:30,160 And it fundamentally boils down to power, right? 1410 01:13:30,600 --> 01:13:33,600 And it is Party of Orange versus Party of Green. 1411 01:13:33,760 --> 01:13:37,760 As time progresses, it will become more and more obvious. 1412 01:13:37,800 --> 01:13:39,600 It's a little bit obfuscated right now. 1413 01:13:39,600 --> 01:13:41,800 Cash is still a thing, even though they're trying to get rid 1414 01:13:41,800 --> 01:13:45,640 of it, You know, so it it's like people are still kind of 1415 01:13:45,640 --> 01:13:49,240 conditioned in a way to believe that there is an alternative. 1416 01:13:49,240 --> 01:13:51,480 It's not Bitcoin or slavery. Nico, stop being hyperbolic. 1417 01:13:51,640 --> 01:13:53,360 There's definitely another alternative. 1418 01:13:53,760 --> 01:13:56,000 No, I think that that's where we are in history. 1419 01:13:56,120 --> 01:13:59,080 But as time progresses, as governments get more desperate, 1420 01:13:59,320 --> 01:14:03,640 as more and more people opt out of the Fiat system and they find 1421 01:14:04,360 --> 01:14:08,000 they find safety in Bitcoin, I think like a wounded animal, 1422 01:14:08,000 --> 01:14:11,080 that's when governments are going to get more vicious about 1423 01:14:11,080 --> 01:14:15,000 the escape, about the exit door. So buckle up, get your seat 1424 01:14:15,000 --> 01:14:16,680 belts on. We still have a hell of a ride 1425 01:14:16,680 --> 01:14:19,520 in front of us and think we're going to win because bitcoins 1426 01:14:19,520 --> 01:14:26,000 incentives beat coercion. Yeah, before we sign off, I want 1427 01:14:26,000 --> 01:14:27,640 to respond to a comment. So Keith goes. 1428 01:14:27,640 --> 01:14:30,040 I disagree. Logic works, but it too often 1429 01:14:30,040 --> 01:14:32,680 loses in the face of non-stop lifelong psyops. 1430 01:14:33,040 --> 01:14:34,920 We're agreeing. You're not disagreeing. 1431 01:14:34,920 --> 01:14:38,560 We're agreeing 100% here. The reason I say that the and, 1432 01:14:38,560 --> 01:14:42,440 and the reason Nolan would also say that the logic, angle, logic 1433 01:14:42,440 --> 01:14:45,880 argument isn't working is because the normies out there, 1434 01:14:45,880 --> 01:14:48,640 your friends and family are literally brainwashed right now. 1435 01:14:48,640 --> 01:14:52,880 They have been psyops so hard that they don't understand what 1436 01:14:52,880 --> 01:14:56,880 is actually happening here. So in the face of brainwashing, 1437 01:14:57,000 --> 01:15:01,120 the only way to break them out of their mold is not by hitting 1438 01:15:01,120 --> 01:15:03,760 them with logic, it's by literally mocking them. 1439 01:15:03,760 --> 01:15:07,200 It's by literally showing and exposing to them that they have 1440 01:15:07,200 --> 01:15:10,720 ridiculous foundations, that their starting points, their 1441 01:15:10,720 --> 01:15:14,520 fundamentals are broken and until you can breakthrough their 1442 01:15:14,520 --> 01:15:17,480 brainwashing, you're not going to get anywhere with logic. 1443 01:15:17,480 --> 01:15:20,160 This is why you got to hit them with those emotional feels. 1444 01:15:20,320 --> 01:15:21,960 This is why you attack their feelings. 1445 01:15:22,040 --> 01:15:25,320 This is why you attack their their their fundamentals. 1446 01:15:25,520 --> 01:15:28,560 Because the logic goes in one ear and out the other. 1447 01:15:28,560 --> 01:15:31,200 So there is a time and a place for logic arguments. 1448 01:15:31,560 --> 01:15:35,640 But for the brainwashed out there, For the SIOP people out 1449 01:15:35,640 --> 01:15:40,440 there, it's really about winning so hard that it's undeniable and 1450 01:15:40,440 --> 01:15:43,160 showing them that everything they believe is absolutely 1451 01:15:43,160 --> 01:15:45,280 ridiculous. And I can't believe you still 1452 01:15:45,280 --> 01:15:47,200 believe in the main in the mainstream media. 1453 01:15:47,200 --> 01:15:48,320 I can't. Believe you still watch? 1454 01:15:48,320 --> 01:15:52,280 Fox News or as CN, CNN or whatever, it's showing that they 1455 01:15:52,280 --> 01:15:55,400 have been brainwashed because it it's it's never been more 1456 01:15:55,400 --> 01:15:58,480 exposed than it is today. And we bring it up all the time. 1457 01:15:58,720 --> 01:16:02,600 Ever since that Mike Benz interview, the powers that be 1458 01:16:02,600 --> 01:16:05,000 were not ready for the Internet, They were not ready for social 1459 01:16:05,000 --> 01:16:06,760 media and they're not ready for Bitcoin. 1460 01:16:06,760 --> 01:16:11,360 So you got to show them that Fiat world is clown world, that 1461 01:16:11,360 --> 01:16:13,240 they're everything they believe is a lie. 1462 01:16:13,240 --> 01:16:16,720 It's all propaganda. Their money is literally only 1463 01:16:16,720 --> 01:16:19,120 has value because the government say so. 1464 01:16:19,320 --> 01:16:22,880 So you can hit them with logic. You might be beating your head 1465 01:16:22,880 --> 01:16:25,880 against the wall. Hit him with the emotional 1466 01:16:25,880 --> 01:16:29,520 appeal and then of course, living a successful life, that 1467 01:16:29,520 --> 01:16:32,560 is the best revenge possible. Amen to that. 1468 01:16:32,560 --> 01:16:34,320 I completely agree with you, homie. 1469 01:16:34,600 --> 01:16:38,760 All right, guys, that was Opti. We got to do more Opti cultures, 1470 01:16:38,760 --> 01:16:41,040 man, because I love that love. Hit it. 1471 01:16:41,320 --> 01:16:44,760 His talking points are excellent and they don't call him St. 1472 01:16:44,760 --> 01:16:48,000 Opti for no reason. Opti for President, 2020. 1473 01:16:48,000 --> 01:16:50,560 If only it. Were 2020282028. 1474 01:16:50,800 --> 01:16:52,240 Damn, I gotta change the law for. 1475 01:16:52,240 --> 01:16:54,440 That one us either of us can't run for president, bro. 1476 01:16:54,760 --> 01:16:59,320 Hey, but maybe mayor. Opti for Mayor, 2028. 1477 01:17:00,000 --> 01:17:02,800 The governor Do I need to be? Governor Yeah, you could you 1478 01:17:02,800 --> 01:17:04,360 could run for governor. Alright, Governor. 1479 01:17:04,360 --> 01:17:05,680 Opti. Opti for governor? 1480 01:17:05,720 --> 01:17:08,400 Opti for Governor Optimus Fields 2024. 1481 01:17:08,800 --> 01:17:11,720 Anyways guys, love you all. This was simply Bitcoin Live 1482 01:17:11,800 --> 01:17:14,360 April 16th, 2024. I'm your host. 1483 01:17:14,360 --> 01:17:17,160 Nico is my legendary Co host Optimus Fields. 1484 01:17:17,440 --> 01:17:20,360 He's going to be taking on the host hosting duties. 1485 01:17:20,360 --> 01:17:23,920 Thursday and Friday. Friday Adam O'Brien for Bitcoin, 1486 01:17:23,920 --> 01:17:26,640 well is going to be Co hosting and on Thursday Sophie's going 1487 01:17:26,640 --> 01:17:28,400 to be filling in. So it's going to be a great rest 1488 01:17:28,400 --> 01:17:31,480 of the week. I'll be in Nashville doing some 1489 01:17:31,480 --> 01:17:33,080 things. But anyways, love you all. 1490 01:17:33,080 --> 01:17:34,320 If you guys enjoyed the show, you know what to do. 1491 01:17:34,320 --> 01:17:36,320 Smash the like button. Consider subscribing if you feel 1492 01:17:36,320 --> 01:17:38,040 like we provided you value. But the number one thing you 1493 01:17:38,040 --> 01:17:40,320 could do to help push the peaceful Bitcoin revolution. 1494 01:17:40,480 --> 01:17:42,480 Share Bitcoin content, get the message out there. 1495 01:17:42,560 --> 01:17:44,440 We went over the culture, we win the race. 1496 01:17:44,440 --> 01:17:45,960 Anyways ladies and gentlemen, love you all. 1497 01:17:45,960 --> 01:17:48,400 We'll see you tomorrow for Banding episode of Simply 1498 01:17:48,440 --> 01:17:52,200 Bitcoin Live. So it was brought to you by 1499 01:17:52,200 --> 01:17:56,280 bitcoinwell.com, a Bitcoin only platform on a mission to enable 1500 01:17:56,280 --> 01:17:57,680 financial independence.