1 00:00:02,840 --> 00:00:05,200 It's. All going to zero against 2 00:00:05,200 --> 00:00:07,720 Bitcoin. It's going up forever. 3 00:00:15,280 --> 00:00:24,320 You're against Bitcoin, You're against freedom November. 4 00:00:24,920 --> 00:00:27,960 The speed at which Bitcoin will be adopted globally will 5 00:00:27,960 --> 00:00:33,400 accelerate by a decade. And if we can get two nations, 6 00:00:33,880 --> 00:00:37,880 two nations in the world to be competing over Bitcoin and over 7 00:00:37,880 --> 00:00:42,200 Bitcoin dominance, it will induce every nation on the 8 00:00:42,200 --> 00:00:44,680 planet to compete in the Bitcoin space race. 9 00:00:45,080 --> 00:00:48,280 And so if you want to see the price of Bitcoin sent to the 10 00:00:48,520 --> 00:00:51,640 literal moon, what are we talking about here? 11 00:00:51,640 --> 00:00:54,280 You're teasing again, David, what are we talking about here? 12 00:00:54,280 --> 00:00:57,560 When you say moon, I, I, I'm saying I'm saying if you want to 13 00:00:57,560 --> 00:01:00,360 see Bitcoin since the moon, what we need to do is have nation 14 00:01:00,360 --> 00:01:04,599 state 1/2 a million dollars, 100,200 thousand, $1,000,000 15 00:01:04,640 --> 00:01:07,560 plus. OK, there we go $1,000,000 plus 16 00:01:07,560 --> 00:01:10,640 Bitcoin prices. We need nation states competing 17 00:01:10,960 --> 00:01:13,400 over Bitcoin. And you know, you can't have 18 00:01:13,400 --> 00:01:15,960 competition if you only have one person doing it. 19 00:01:16,280 --> 00:01:20,000 So if we can if we can accelerate what's happening 20 00:01:20,000 --> 00:01:24,200 here, we can accelerate hyper Bitcoin ization dramatically and 21 00:01:25,200 --> 00:01:27,960 I think everyone yeah, we're gonna assume the Bitcoin live 22 00:01:28,040 --> 00:01:30,800 the number one source for the peaceful Bitcoin revolution 23 00:01:30,800 --> 00:01:33,720 cover breaking news culture magic warfare will be your guide 24 00:01:33,720 --> 00:01:35,840 through the separation of money. Say ladies and gentlemen, sit 25 00:01:35,840 --> 00:01:38,680 back, relax, enjoy the ride. Welcome to the most watched 26 00:01:38,680 --> 00:01:42,440 daily Bitcoin only live show on YouTube Rumble NX. 27 00:01:42,720 --> 00:01:45,640 You just heard a clip in the cold opening from David Bailey. 28 00:01:45,640 --> 00:01:50,360 David Bailey's the CEO of BTC Inc, the owners of the Bitcoin 29 00:01:50,360 --> 00:01:53,720 conference and Bitcoin Magazine. He just came on Simply Bitcoin 30 00:01:53,720 --> 00:01:56,400 IRL yesterday. Highly suggest you guys watch 31 00:01:56,400 --> 00:01:59,160 that entire episode. It was incredibly bullish. 32 00:01:59,360 --> 00:02:02,160 But David was essentially talking about something that Max 33 00:02:02,160 --> 00:02:04,160 has been talking about. And we're going to play you guys 34 00:02:04,160 --> 00:02:07,560 a clip of Kaiser. He went on this pretty popular 35 00:02:07,560 --> 00:02:12,280 show this last week or so, but essentially it's the global hash 36 00:02:12,280 --> 00:02:14,240 wars like Kaiser likes to talk about it. 37 00:02:14,480 --> 00:02:17,480 We want nation states competing for Bitcoin. 38 00:02:17,640 --> 00:02:20,720 We want nation states competing for Bitcoin miners. 39 00:02:20,720 --> 00:02:23,440 We want nation states competing for Bitcoin businesses. 40 00:02:23,440 --> 00:02:26,520 Because when nation states compete, when jurisdictions 41 00:02:26,520 --> 00:02:30,600 compete, you as the individual win because you get to decide 42 00:02:30,760 --> 00:02:33,280 where is more favorable for you to set up shop. 43 00:02:33,480 --> 00:02:37,080 So it's incredibly bullish. I do agree with David in the 44 00:02:37,080 --> 00:02:40,560 sense that this year, this election year is quite 45 00:02:40,560 --> 00:02:44,120 interesting, right? You have RFK and Trump on one 46 00:02:44,120 --> 00:02:47,000 side and then you have the Biden Harris administration on the 47 00:02:47,000 --> 00:02:49,080 other side. And unfortunately, I think the 48 00:02:49,080 --> 00:02:53,800 last, you know, year or so have shown that Operation choke point 49 00:02:53,800 --> 00:02:56,920 O the proposed Bitcoin mining ban. 50 00:02:57,120 --> 00:03:02,040 Of course, Ross, I mean, Trump and RFK offering that they're 51 00:03:02,040 --> 00:03:04,560 going to free Ross. You know, it's become this 52 00:03:04,560 --> 00:03:09,280 situation where, you know, the 2024 election is an election 53 00:03:09,280 --> 00:03:13,120 that will have consequences for the Bitcoin industry in the 54 00:03:13,120 --> 00:03:15,960 United States. And that's essentially what what 55 00:03:16,160 --> 00:03:18,400 what David Bailey was saying and part of the reason that they 56 00:03:18,400 --> 00:03:22,880 brought Trump and RFK to the Bitcoin conference. 57 00:03:22,880 --> 00:03:26,720 Now a little known fact, which is why I recommend watching the 58 00:03:26,720 --> 00:03:30,240 entire episode. Yesterday, David Bailey revealed 59 00:03:30,480 --> 00:03:34,600 that the seek, the reason that the Trump speech was delayed was 60 00:03:34,600 --> 00:03:38,040 because there was supposed to be a fireside chat after the Trump 61 00:03:38,040 --> 00:03:43,040 speech between Elon and Trump at the Bitcoin conference. 62 00:03:43,040 --> 00:03:45,480 That didn't happen. But you know what did happen? 63 00:03:45,480 --> 00:03:48,640 It happened yesterday, absolutely broke the Internet. 64 00:03:48,640 --> 00:03:51,960 Some of the figures are saying that we had essentially over a 65 00:03:51,960 --> 00:03:53,800 billion views. I was having a trouble. 66 00:03:53,920 --> 00:03:55,880 I was having trouble getting into the spaces. 67 00:03:56,080 --> 00:03:58,400 Apparently there was a DDoS attack, right? 68 00:03:58,400 --> 00:04:00,000 There was. They were just flooding the 69 00:04:00,000 --> 00:04:01,480 system. They didn't want people to tune 70 00:04:01,480 --> 00:04:04,440 in, but the spaces still happened. 71 00:04:04,800 --> 00:04:08,840 It was three hours long. And again, we're not a political 72 00:04:08,840 --> 00:04:10,240 show. We're not going to focus on the 73 00:04:10,240 --> 00:04:11,960 rhetoric. That's not what you guys tune 74 00:04:11,960 --> 00:04:14,960 into simply Bitcoin about. The part that we are going to 75 00:04:14,960 --> 00:04:18,000 focus on though is they talked about inflation. 76 00:04:18,000 --> 00:04:20,519 One of the things that I've always told you guys on the show 77 00:04:20,720 --> 00:04:24,840 is we want people to ask a very simple question and we're 78 00:04:24,840 --> 00:04:30,240 getting very close. And that simple question is, why 79 00:04:30,480 --> 00:04:34,360 do I, why am I being forced to be illegal tender laws to use 80 00:04:34,360 --> 00:04:36,720 the money that loses purchasing power? 81 00:04:37,120 --> 00:04:43,040 Question number one. And question #2 is why should 82 00:04:43,040 --> 00:04:45,880 money have to lose purchasing power in order to function, 83 00:04:46,160 --> 00:04:47,640 right? Those are the two questions. 84 00:04:47,640 --> 00:04:49,920 The reason those two questions are so important is that they're 85 00:04:49,920 --> 00:04:54,840 somewhat simple questions. And once people like embrace 86 00:04:54,840 --> 00:04:57,640 that, because inflation right now, the way that it's talked 87 00:04:57,640 --> 00:05:01,280 about, it's talked about like as if it's like Mother Nature, it's 88 00:05:01,280 --> 00:05:04,480 a fact of life. That's just the way things are. 89 00:05:04,720 --> 00:05:06,160 But that's not the way things are. 90 00:05:06,160 --> 00:05:08,560 And one of the things that Elon said and Trump were talking 91 00:05:08,560 --> 00:05:12,880 about was to get government spending under control because 92 00:05:12,880 --> 00:05:14,760 that's what's going to control inflation. 93 00:05:14,760 --> 00:05:19,120 That's true, but Bitcoiners are a step ahead. 94 00:05:19,120 --> 00:05:22,000 Why are we a step ahead? Because it's not just about 95 00:05:22,000 --> 00:05:25,680 identifying the problem and a short term fix. 96 00:05:25,840 --> 00:05:30,720 Because let's say Trump or RFK or whatever wins the election 97 00:05:30,960 --> 00:05:32,520 and they cut down government spending. 98 00:05:32,600 --> 00:05:34,600 There could be another election, there could be another 99 00:05:34,600 --> 00:05:36,440 government. They could spend a lot more 100 00:05:36,440 --> 00:05:40,160 money. The solution to this is saving 101 00:05:40,160 --> 00:05:43,600 and earning in the money of which the government can't, 102 00:05:43,600 --> 00:05:46,800 can't debase in order to pay for their own expenses. 103 00:05:47,120 --> 00:05:51,080 That inevitably becomes a forcing function over time. 104 00:05:51,080 --> 00:05:55,640 It's like a check on government spending, but not from a like 105 00:05:55,640 --> 00:05:59,000 I'm going to vote type of thing. It's I'm going to vote with my 106 00:05:59,000 --> 00:06:02,760 wallet and I'm going to save and earn in Bitcoin type of vote. 107 00:06:02,800 --> 00:06:05,920 And that I believe is the most effective vote you can make. 108 00:06:06,360 --> 00:06:11,000 And believe me when I tell you guys this, we are very close to 109 00:06:11,000 --> 00:06:14,560 that even being mentioned. We are on the cusp of that being 110 00:06:14,560 --> 00:06:17,040 mentioned. And once that's out of the bag, 111 00:06:17,360 --> 00:06:19,480 you can't put that back in the bag. 112 00:06:19,720 --> 00:06:25,520 And there really isn't a good excuse in regards to government 113 00:06:25,520 --> 00:06:28,400 spending because the fact is that it hurts everybody 114 00:06:28,400 --> 00:06:32,640 tremendously, specifically the lower and middle classes that 115 00:06:32,640 --> 00:06:34,920 don't have the means to save in assets there. 116 00:06:34,920 --> 00:06:38,920 Therefore they save and earn in Fiat and they get destroyed by 117 00:06:38,920 --> 00:06:41,920 the ravages of inflation. Bitcoin is for you. 118 00:06:41,920 --> 00:06:44,520 Bitcoin will save your purchasing power. 119 00:06:45,320 --> 00:06:47,840 Bitcoin is the solution to inflation. 120 00:06:47,840 --> 00:06:50,800 That's just my humble opinion. Maybe I'm totally wrong here, 121 00:06:50,960 --> 00:06:54,960 but maybe I've just spent way too much time in Bitcoin, but I 122 00:06:54,960 --> 00:06:57,840 think we're very, very close and you want to bring up my Co host 123 00:06:57,840 --> 00:07:03,040 Miss Fields and our guests for today, Raj Raj is with the speed 124 00:07:03,040 --> 00:07:06,160 wallet. Well, gentlemen, I'm sure maybe 125 00:07:06,160 --> 00:07:10,440 you didn't TuneIn, perhaps you didn't tune into the interview 126 00:07:10,440 --> 00:07:13,560 yesterday. But Raj, what was your take on 127 00:07:13,560 --> 00:07:15,360 that man? It's specifically not all the 128 00:07:15,360 --> 00:07:18,360 other political rhetoric and stuff, but as it as it relates 129 00:07:18,360 --> 00:07:24,920 to inflation being brought up in the discussion, I think you're 130 00:07:24,920 --> 00:07:31,000 muted, Raj. Yeah, I think it was an 131 00:07:31,000 --> 00:07:32,920 interesting discussion throughout. 132 00:07:34,120 --> 00:07:37,560 They spoke all about the fiscal deficit and everything and 133 00:07:37,560 --> 00:07:41,600 didn't mention Bitcoin. That is not what I expected. 134 00:07:41,600 --> 00:07:44,640 I think they should have. I mean, it's the most obvious 135 00:07:44,640 --> 00:07:50,760 solution like, you know, to, to hold, you know, overspending and 136 00:07:51,960 --> 00:07:55,360 everything because, you know, we may have another four years of 137 00:07:55,360 --> 00:07:58,760 Trump and let's say we have efficiency Commission and, you 138 00:07:58,760 --> 00:08:01,920 know, we cut down on the regulation, bring the spending 139 00:08:01,920 --> 00:08:05,080 down, But you know, we'll have another government would come 140 00:08:05,080 --> 00:08:07,720 and then, you know, we we'll have the same, you know, 141 00:08:07,720 --> 00:08:11,040 overspending and everything. So if you want to really solve 142 00:08:11,040 --> 00:08:15,800 this for long term, we just, you know, have the Bitcoin and, and 143 00:08:16,160 --> 00:08:18,280 go from there. And you said inflation, 144 00:08:18,280 --> 00:08:21,560 inflation is a curse, But I would say, you know, deflation 145 00:08:21,560 --> 00:08:23,400 is awesome. Like, you know, we need to make 146 00:08:23,400 --> 00:08:25,720 that as a narrative. You know, price dropping, 147 00:08:25,960 --> 00:08:29,120 deflation is really good. Like it it's, it's good for 148 00:08:29,120 --> 00:08:31,360 consumer, it's good for everyone. 149 00:08:31,640 --> 00:08:34,159 Yeah, it may be tough for businesses, but I think they 150 00:08:34,159 --> 00:08:38,240 will they will add up to that. 100% it, it, it's, it's good for 151 00:08:38,240 --> 00:08:41,000 everyone and, and people believe in that like you, you, I've 152 00:08:41,000 --> 00:08:44,200 heard, I've heard people talk about it's like deflation is so 153 00:08:44,200 --> 00:08:45,920 dangerous. It's like you mean by purchasing 154 00:08:45,920 --> 00:08:49,200 power going up is dangerous. Like that's crazy. 155 00:08:49,200 --> 00:08:52,040 That's crazy that they even frame it that way, you know? 156 00:08:54,160 --> 00:08:55,920 Yeah. I mean, I think, I think we need 157 00:08:55,920 --> 00:08:59,720 to set the narrative where we say that deflation is awesome, 158 00:08:59,720 --> 00:09:01,760 it's good. I mean, just make that as a 159 00:09:01,760 --> 00:09:03,520 position. And, you know, I think there is 160 00:09:03,520 --> 00:09:07,720 no need to kind of, you know, focus a lot on maybe like 161 00:09:07,800 --> 00:09:09,760 inflation and changing that narrative. 162 00:09:09,760 --> 00:09:12,880 We just set our own story. Yeah. 163 00:09:13,200 --> 00:09:16,360 Deflation, yeah, I think 100%. I think you had Jeff Booth on 164 00:09:16,360 --> 00:09:19,640 the show, right? I think we and yeah, I think 165 00:09:19,640 --> 00:09:22,960 he's written pretty good book on deflation and everything. 166 00:09:22,960 --> 00:09:27,160 It was eye opener for me. Yeah, he he now in the way that 167 00:09:27,160 --> 00:09:31,280 he talks about it is just, you know, it's he he obviously has 168 00:09:31,280 --> 00:09:34,480 nailed this down to a science, you know, so Jeff knows what 169 00:09:34,480 --> 00:09:38,840 he's talking about. Anyways, guys, there's about 590 170 00:09:38,840 --> 00:09:42,520 of you guys watching live between YouTube Rumble and Axe. 171 00:09:42,520 --> 00:09:45,240 If you guys are enjoying the show so far, make sure to smash 172 00:09:45,240 --> 00:09:47,600 that like button Opti. What are we going to talk about 173 00:09:47,600 --> 00:09:50,560 during the culture? Well, we got Raj here from Speed 174 00:09:50,560 --> 00:09:52,440 wallet. So we're going to talk about, 175 00:09:52,440 --> 00:09:56,200 you know, Bitcoin scaling Lightning and of course the 176 00:09:56,200 --> 00:09:58,880 project they're working on over there at Speed Wallet, which is 177 00:09:59,080 --> 00:10:02,120 I, I, I don't want to call it a relatively new Lightning wallet, 178 00:10:02,120 --> 00:10:05,400 but it really just kind of hit the scene on, on my radar in the 179 00:10:05,400 --> 00:10:07,800 last couple of weeks. So we're going to talk about all 180 00:10:07,800 --> 00:10:11,560 things Lightning today and and how Raj and the Speed Wallet 181 00:10:11,560 --> 00:10:15,240 team is working to improve the Lightning experience for every 182 00:10:15,240 --> 00:10:19,600 single one of us. 100% I'm I'm really excited about it yeah, 183 00:10:19,600 --> 00:10:23,160 you guys kind of came out of out of nowhere and you guys hit the 184 00:10:23,160 --> 00:10:26,120 ground running really, really fast so really excited. 185 00:10:26,120 --> 00:10:29,200 I love Bitcoin entrepreneurs. I love Bitcoin businesses, so 186 00:10:29,200 --> 00:10:32,200 I'm really looking forward to hearing what you guys are 187 00:10:32,200 --> 00:10:35,240 talking about guys stay tuned. We have a hell of a show for you 188 00:10:35,240 --> 00:10:38,200 guys today, but before we get to it, I do want to give a very 189 00:10:38,200 --> 00:10:40,320 special shout out to our lead sponsor. 190 00:10:40,520 --> 00:10:42,040 Of course I'm talking about Bitcoin. 191 00:10:42,080 --> 00:10:44,680 Well, Bitcoin well is the best place to build your automatic 192 00:10:44,680 --> 00:10:47,600 self custody Bitcoin stack to get started all you got do is 193 00:10:47,600 --> 00:10:50,200 you put in your e-mail address takes about two to three minutes 194 00:10:50,480 --> 00:10:52,600 to sign up. Enable your independence with 195 00:10:52,600 --> 00:10:55,680 the fastest and safest way to buy Bitcoin in Canada and the 196 00:10:55,680 --> 00:10:58,040 USA. By the way, every time you buy 197 00:10:58,040 --> 00:11:02,320 Bitcoin on Bitcoin Well, you earn Bitcoin well points and you 198 00:11:02,320 --> 00:11:06,240 can redeem those points towards the Bitcoin wishing well. 199 00:11:06,560 --> 00:11:09,800 It's a little contest for an opportunity for you to win up to 200 00:11:09,840 --> 00:11:12,320 1,000,000 satoshi. So we're going to do that for 201 00:11:12,320 --> 00:11:15,200 you guys live right now. Toss a coin into the Bitcoin 202 00:11:15,200 --> 00:11:19,800 wishing well and first person to scan the QR code on your screen 203 00:11:20,040 --> 00:11:23,760 wins 500 SAT. If you use promo code simply 204 00:11:23,760 --> 00:11:27,720 BTC, you get 3 tosses into the Bitcoin wishing well. 205 00:11:27,960 --> 00:11:32,240 Absolutely free guys support self custody Bitcoin on ramps 206 00:11:32,280 --> 00:11:35,600 like bitcoinwell.com. Head over there today. 207 00:11:35,640 --> 00:11:37,360 All right, everybody, let's hit the numbers. 208 00:11:37,360 --> 00:11:41,480 Lots to talk about the Bitcoin numbers. 209 00:11:43,360 --> 00:11:45,560 All right, everybody, I do want to give a shout out to our 210 00:11:45,560 --> 00:11:50,960 sponsor, Stamp Seed. It's a titanium seed phrase 211 00:11:50,960 --> 00:11:54,440 storage kit. It's proof of work seed frayed 212 00:11:54,440 --> 00:11:55,680 storage. That's right. 213 00:11:55,920 --> 00:11:58,160 It's a hammer. It comes with a plate. 214 00:11:58,320 --> 00:12:02,200 It comes with letter stamping tools and you literally hammer 215 00:12:02,200 --> 00:12:07,000 in your seed into a titanium seed plate. 216 00:12:07,280 --> 00:12:09,800 This is 100 million times better. 217 00:12:09,800 --> 00:12:11,440 I don't even know if that's the right number, but I'm going to 218 00:12:11,440 --> 00:12:13,480 say it anyways. Then writing down your 219 00:12:13,480 --> 00:12:17,400 generational wealth on paper papers prone to water damage, 220 00:12:17,560 --> 00:12:19,840 fire damage, your dog could eat it. 221 00:12:20,000 --> 00:12:23,960 Do you think your dog could eat a a slate of titanium? 222 00:12:23,960 --> 00:12:25,280 No, he's going to break his teeth. 223 00:12:25,480 --> 00:12:27,320 That's right. You want to store your 224 00:12:27,320 --> 00:12:30,520 generational wealth properly. And if you use promo code 225 00:12:30,520 --> 00:12:36,000 simply, you get 15% off anything on the stamp seed store. 226 00:12:36,240 --> 00:12:39,400 So guys, make sure you keep your relationship good with your 227 00:12:39,400 --> 00:12:42,080 grandchildren, store your generational wealth properly. 228 00:12:42,120 --> 00:12:46,960 Head over to stampseed.com today Promo code simply 15% off All 229 00:12:46,960 --> 00:12:51,040 right everybody at the time of recording, the Bitcoin price is 230 00:12:51,040 --> 00:12:56,840 $60,520. That's per dollar 1652 block 231 00:12:56,840 --> 00:13:05,640 height 850 to 856,621 blocks to having 193,379 having estimate 232 00:13:05,920 --> 00:13:12,120 March 26th 20 28 total lightning network capacity 4852 BTC 233 00:13:12,360 --> 00:13:17,560 capacity value 293 million U.S. dollars Realize monetary 234 00:13:17,560 --> 00:13:22,880 inflation 1.45% market capitalization 1.2 trillion 235 00:13:23,160 --> 00:13:29,040 Bitcoin verse gold market cap 7.05% In the gram scheme of 236 00:13:29,040 --> 00:13:31,280 things. We are just getting started 237 00:13:31,280 --> 00:13:37,360 anyways as it relates to yesterday's spaces between Elon 238 00:13:37,720 --> 00:13:41,040 and Trump. I do want to preface this with a 239 00:13:41,120 --> 00:13:45,040 small quote from the Bitcoin president himself Naimbu Kelly 240 00:13:45,360 --> 00:13:48,080 and this article is always stuck with me. 241 00:13:48,840 --> 00:13:53,240 And in in this regard. He's referencing the people that 242 00:13:53,240 --> 00:13:57,680 were against the the the Bitcoin law in El Salvador. 243 00:13:57,880 --> 00:14:01,800 So, and he makes a really good point and it explains a lot of 244 00:14:01,800 --> 00:14:07,200 the reasons as to why a lot of people were against the spaces 245 00:14:07,200 --> 00:14:09,840 that were happening yesterday. So I'm just gonna read a little 246 00:14:09,840 --> 00:14:12,360 bit of this. He goes on to say the most vocal 247 00:14:12,360 --> 00:14:14,800 detractors, the ones who are afraid and pressuring us to 248 00:14:14,800 --> 00:14:19,320 reverse our decision are the world's most powerful elites and 249 00:14:19,320 --> 00:14:21,360 the people who work for benefit from them. 250 00:14:22,000 --> 00:14:23,920 And I'm going to go back to go to the bottom. 251 00:14:24,280 --> 00:14:27,720 And they're willing to fight, lie, smear, destroy, censor, 252 00:14:27,720 --> 00:14:30,320 confiscate, print and do whatever it takes to maintain 253 00:14:30,320 --> 00:14:33,800 and increase their control over the truth and everything and 254 00:14:33,800 --> 00:14:35,640 everyone. And again, this isn't simply 255 00:14:35,640 --> 00:14:37,920 Bitcoin saying this. This is the president of El 256 00:14:37,920 --> 00:14:42,040 Salvador, Naimbu Kelly, writing an article for Bitcoin magazine. 257 00:14:42,040 --> 00:14:45,640 All right, that being said, what was really interesting also is 258 00:14:45,640 --> 00:14:50,800 that the European Union actually sent a letter to Elon Musk 259 00:14:51,040 --> 00:14:53,560 basically telling that he shouldn't do the spaces, which 260 00:14:53,560 --> 00:14:55,480 is kind of, it's very interesting, right? 261 00:14:55,480 --> 00:15:01,360 You like European bureaucrats are sending letters to the the 262 00:15:01,520 --> 00:15:05,360 the owner of Twitter, but most importantly, a presidential 263 00:15:05,360 --> 00:15:08,200 candidate saying that they can't have that conversation that 264 00:15:08,200 --> 00:15:12,160 that's really interesting. Now take a look at the legacy 265 00:15:12,160 --> 00:15:14,920 media's response to the interview. 266 00:15:15,080 --> 00:15:17,560 I'm going to just read some of these headlines. 267 00:15:17,800 --> 00:15:22,440 Start from the top left. USA TODAY says Trump rambles, 268 00:15:22,440 --> 00:15:24,560 slurs his way through Elon Musk interview. 269 00:15:24,800 --> 00:15:29,200 It was an unmitigated disaster. Fox News says Kamala Harris 270 00:15:29,200 --> 00:15:32,840 campaign criticizes Trump for self-serving up self self 271 00:15:32,840 --> 00:15:35,960 obsessed rich guys after interview with Elon Musk 272 00:15:36,200 --> 00:15:40,400 Newsweek says Trump Donald Trump's lisp during Elon Musk 273 00:15:40,440 --> 00:15:43,080 interview raises questions, The Guardian says. 274 00:15:43,080 --> 00:15:46,520 So Donald chatted with Elon and here's the future as they see 275 00:15:46,520 --> 00:15:47,640 it. Losers win. 276 00:15:47,640 --> 00:15:50,760 Incompetence rules. The New York Times says Must 277 00:15:50,760 --> 00:15:55,160 Trump talk on X After glitches start a 2 hour ramble. 278 00:15:55,400 --> 00:15:59,160 The Guardian again says the must Trump X interview a surprisingly 279 00:15:59,160 --> 00:16:01,560 dull meeting of two planet sized egos. 280 00:16:02,320 --> 00:16:05,800 Wired says Donald Trump and Elon Musk's ex conversation took 281 00:16:05,800 --> 00:16:08,080 forever to start, then never ended. 282 00:16:08,400 --> 00:16:11,360 The Independent says Trump repeats same old talking points 283 00:16:11,360 --> 00:16:14,600 in Musk interview but lisp steals the show. 284 00:16:14,800 --> 00:16:18,320 The Verge says the Elon slash Trump interview on X started 285 00:16:18,440 --> 00:16:22,040 with an immediate tech disaster. The Hollywood Reporter says Elon 286 00:16:22,040 --> 00:16:25,640 Musk got EU disinformation warning before rambling Donald 287 00:16:25,640 --> 00:16:29,320 Trump interview on X Reuters said rambling Trump Musk 288 00:16:29,320 --> 00:16:34,280 interview marred by tech issues. CNN Fact Check Trump made at 289 00:16:34,280 --> 00:16:38,160 least 20 false claims in his conversation with Elon Musk. 290 00:16:38,320 --> 00:16:42,920 So you guys get the point. The media wasn't exactly a fan 291 00:16:43,200 --> 00:16:46,040 of the conversation that happened yesterday. 292 00:16:46,680 --> 00:16:50,480 And also check this out. Here is a legacy media reporter 293 00:16:50,480 --> 00:16:53,440 actually asking the White House if they're going to censor the 294 00:16:53,440 --> 00:16:54,640 conversation. Check it out. 295 00:16:55,160 --> 00:16:58,920 Elon Musk is slated to interview Donald Trump tomorrow tonight on 296 00:16:59,080 --> 00:17:01,480 on X. I don't know if the president's 297 00:17:01,480 --> 00:17:02,880 going to do it. Feel free to say if he is or 298 00:17:02,880 --> 00:17:06,880 not. But I, I think that 299 00:17:08,160 --> 00:17:11,400 misinformation on Twitter is not just a campaign issue. 300 00:17:11,400 --> 00:17:13,440 It's a, you know, it's a America issue. 301 00:17:14,440 --> 00:17:19,000 What role does the White House or the president have in sort of 302 00:17:19,480 --> 00:17:23,760 stopping that or stopping the spread of that or sort of inter 303 00:17:23,760 --> 00:17:26,119 intervening in that? Some of that was about campaign 304 00:17:26,119 --> 00:17:28,640 misinformation, but you know, it's a wider thing, right? 305 00:17:28,840 --> 00:17:30,480 Yeah, no. And you've heard us talk about 306 00:17:30,480 --> 00:17:33,640 this many times from here about the responsibilities that social 307 00:17:33,640 --> 00:17:37,720 media platforms have when it comes to misinformation, 308 00:17:37,720 --> 00:17:40,920 disinformation. Don't have anything to read out 309 00:17:40,920 --> 00:17:45,200 from here about specific ways that we're working on it, but we 310 00:17:45,200 --> 00:17:47,400 believe that that they have the responsibility. 311 00:17:48,000 --> 00:17:50,960 These are private companies. So we're also mindful of that 312 00:17:50,960 --> 00:17:55,080 too. But look, it is, I think it, it 313 00:17:55,080 --> 00:17:59,240 is incredibly important to to call that out as you're, you're 314 00:17:59,240 --> 00:18:00,920 doing. I just don't have any specifics 315 00:18:00,960 --> 00:18:03,040 on on what we've been doing internally. 316 00:18:03,360 --> 00:18:05,840 So let me just kind of break this down for a SEC, right? 317 00:18:06,640 --> 00:18:09,240 I read you the bit by Naimbu Kelly, right? 318 00:18:09,320 --> 00:18:12,320 The most important tool is their control over the truth. 319 00:18:12,600 --> 00:18:18,080 I read you this letter by the EU, you know, sending it to Elon 320 00:18:18,080 --> 00:18:19,680 basically saying you can't have this. 321 00:18:20,080 --> 00:18:24,240 You have the legacy media going on a full on assault on this 322 00:18:24,240 --> 00:18:27,760 interview. And then you have here a legacy 323 00:18:27,760 --> 00:18:31,560 media journalist asking, you know, the White House press 324 00:18:31,560 --> 00:18:34,520 secretary like, you know, or what are you going to do to 325 00:18:34,520 --> 00:18:36,800 censor this? Now, here's the thing. 326 00:18:37,840 --> 00:18:40,200 Trump is a divisive figure for a lot of people. 327 00:18:40,400 --> 00:18:42,760 I could say that, you know that that can be true. 328 00:18:43,240 --> 00:18:49,040 But what could also be true is why they so afraid of people 329 00:18:49,040 --> 00:18:51,360 listening and making their own decisions. 330 00:18:51,520 --> 00:18:54,440 Why do they get to be arbiters of the truth? 331 00:18:55,120 --> 00:18:56,760 I mean, I think Bouquet laid it out. 332 00:18:56,760 --> 00:19:00,800 We're perfectly right. That to me, regardless of your 333 00:19:00,800 --> 00:19:05,400 political views, is a terrifying world to be in where a 334 00:19:05,400 --> 00:19:09,920 bureaucratic elite, a journalistic elite get to decide 335 00:19:09,920 --> 00:19:12,120 what you can and what you can't listen to. 336 00:19:12,360 --> 00:19:15,600 That's very scary. That's a very scary world world. 337 00:19:15,640 --> 00:19:19,240 And the reason that we talk about this is you guys know how 338 00:19:19,240 --> 00:19:21,480 we stand on the show. It's not left versus right. 339 00:19:21,480 --> 00:19:23,080 It's not liberal versus conservative. 340 00:19:23,480 --> 00:19:26,960 It's the party of green, the party of Fiat, central bank, 341 00:19:26,960 --> 00:19:30,440 digital currencies, nihilism, poverty versus the party of 342 00:19:30,480 --> 00:19:33,200 orange, the party of Bitcoin, opportunity, peace and 343 00:19:33,200 --> 00:19:36,240 prosperity. That's the way that we see this. 344 00:19:36,800 --> 00:19:40,080 This is the party of Green. This is the party of basically 345 00:19:40,080 --> 00:19:44,120 saying you like, don't even bother listening to it. 346 00:19:44,120 --> 00:19:46,320 We'll tell you it's horrible. It's terrible. 347 00:19:46,640 --> 00:19:48,920 Like you might agree with that. Like I listened to that 348 00:19:48,920 --> 00:19:50,640 interview. There's a part that I do agree 349 00:19:50,640 --> 00:19:52,640 that, you know, Trump. There's some parts where I'm 350 00:19:52,640 --> 00:19:55,520 like, I don't agree. Or, you know, maybe he just he 351 00:19:55,520 --> 00:20:00,320 was long winded many times you could say, but at least I heard 352 00:20:00,320 --> 00:20:02,200 it. And now I'm making a decision 353 00:20:02,200 --> 00:20:05,520 about what I heard by myself. Right. 354 00:20:05,600 --> 00:20:08,760 And I would much rather live in that world where individuals are 355 00:20:08,760 --> 00:20:10,760 making decisions over their lives. 356 00:20:11,160 --> 00:20:14,320 It's not journalists and it's not the government, especially 357 00:20:14,320 --> 00:20:17,360 the government getting to dictate what is true and what is 358 00:20:17,360 --> 00:20:20,200 not true. That's a very scary world to 359 00:20:20,200 --> 00:20:22,360 live in. And the last thing that I want 360 00:20:22,360 --> 00:20:25,560 to focus on, and the reason that I'm bringing this up today is 361 00:20:25,560 --> 00:20:29,400 because they brought up inflation. 362 00:20:29,840 --> 00:20:32,960 And remember, inflation is a really kind of like hot button 363 00:20:32,960 --> 00:20:38,120 issue to some government politicians and to some people, 364 00:20:38,760 --> 00:20:42,680 the way that they see inflation is they blame everything and 365 00:20:42,680 --> 00:20:45,720 anything on inflation but government spending. 366 00:20:46,200 --> 00:20:49,720 So the fact that this was brought up was very important. 367 00:20:49,720 --> 00:20:52,400 And you want to kind of know a reason as to why they're getting 368 00:20:52,400 --> 00:20:55,480 so many attacks other than a lot of the other political talking 369 00:20:55,480 --> 00:20:56,840 points that we're not going to bring up on. 370 00:20:56,840 --> 00:21:01,440 Simply, I bet you that a lot of it has to relate with the fact 371 00:21:01,760 --> 00:21:04,080 of saying this choir part out loud, right? 372 00:21:04,080 --> 00:21:05,720 Which is I'm going to quote it here. 373 00:21:05,840 --> 00:21:08,160 Actually, I think I have the actual audio clips about a 374 00:21:08,160 --> 00:21:10,560 minute and 14 seconds. So I'll play it for you guys. 375 00:21:10,560 --> 00:21:12,960 You know, as you're saying, you know, a lot of people are 376 00:21:12,960 --> 00:21:14,840 concerned about the economy, a lot of people concerned about 377 00:21:14,840 --> 00:21:16,840 inflation. Inflation is effectively a tax 378 00:21:16,840 --> 00:21:19,120 on people that, that, that save money. 379 00:21:19,120 --> 00:21:21,680 And, and, and for people that are working day-to-day, it's, 380 00:21:21,680 --> 00:21:23,320 it's just, it's just a form of taxation. 381 00:21:23,880 --> 00:21:26,360 And if we can solve the government spending problem, 382 00:21:26,360 --> 00:21:28,120 we'll solve the inflation problem, which means people will 383 00:21:28,120 --> 00:21:29,120 have a better standard of living. 384 00:21:29,120 --> 00:21:31,440 And that's a really big, the people that got hurt worse are 385 00:21:31,440 --> 00:21:34,640 the people that did it the way they were taught to do it all 386 00:21:34,640 --> 00:21:37,960 through their younger life and their young life and their whole 387 00:21:37,960 --> 00:21:40,720 life. The people that saved money and 388 00:21:40,720 --> 00:21:43,000 then they got no interest on their money and inflation 389 00:21:43,000 --> 00:21:45,360 destroyed them. And frankly, they were almost 390 00:21:45,360 --> 00:21:46,760 better off if they didn't do anything like that. 391 00:21:46,760 --> 00:21:48,600 I mean, those people have been absolutely decimated. 392 00:21:48,600 --> 00:21:50,440 And we're going to bring those people back and help those 393 00:21:50,440 --> 00:21:51,920 people. We've got to get the prices 394 00:21:51,920 --> 00:21:53,480 down. You know, when I look at bacon 395 00:21:53,480 --> 00:21:56,400 costing 5, four or five times more than it did a few years 396 00:21:56,400 --> 00:21:58,760 ago, when when you look at some of the food products and, and 397 00:21:58,760 --> 00:22:00,280 grocery stores people go, they can't believe it. 398 00:22:00,520 --> 00:22:02,440 They used to be able to buy a whole cart. 399 00:22:02,440 --> 00:22:05,200 And today, you know, a lot of people just don't have the 400 00:22:05,200 --> 00:22:06,520 money. They go in and they can't buy 401 00:22:06,600 --> 00:22:09,040 anything. So good kind of, you know, goes 402 00:22:09,040 --> 00:22:10,640 into the political rhetoric and whatever. 403 00:22:10,640 --> 00:22:13,560 And it's like Trump good, you know, other party bad. 404 00:22:14,120 --> 00:22:17,400 But the point is, is that it's being talked about. 405 00:22:17,480 --> 00:22:20,360 Inflation is a problem. Now, here's where I think 406 00:22:20,360 --> 00:22:23,640 Bitcoiners are ahead and where we have a responsibility. 407 00:22:23,640 --> 00:22:26,200 And here's some original thought I had from last night. 408 00:22:26,640 --> 00:22:29,800 I said the problem is trusting that government won't overspend. 409 00:22:30,360 --> 00:22:33,080 Bitcoin fixes this because it requires no trust. 410 00:22:33,160 --> 00:22:35,560 Bitcoin is the solution to inflation. 411 00:22:35,560 --> 00:22:38,320 This is something that Raj was saying in the beginning of the 412 00:22:38,320 --> 00:22:41,600 show. Like let's say we get Trump into 413 00:22:41,600 --> 00:22:43,480 the office, Whoop Dee Doo, right? 414 00:22:44,520 --> 00:22:46,200 There could be another administration. 415 00:22:46,200 --> 00:22:47,000 You know what they're going to do? 416 00:22:47,040 --> 00:22:49,480 Overspend. The the the solution isn't 417 00:22:49,480 --> 00:22:51,240 fixed. It's kind of like a Band-Aid, 418 00:22:51,520 --> 00:22:54,640 right? But again, it moves the Overton 419 00:22:54,640 --> 00:22:58,400 window and it brings that discourse into the mainstream. 420 00:22:58,400 --> 00:23:01,920 Now there's a whole lot of people that are now opening 421 00:23:01,920 --> 00:23:04,680 their eyes and they're asking questions about inflation. 422 00:23:04,680 --> 00:23:06,840 They're asking questions about like, yeah, things are getting 423 00:23:06,840 --> 00:23:10,600 more expensive. That road is A1 Ray Road. 424 00:23:10,600 --> 00:23:13,720 And at the very end, it leads to Bitcoin, right? 425 00:23:13,840 --> 00:23:17,160 So our job as Bitcoiners is to accelerate that. 426 00:23:17,280 --> 00:23:20,880 Don't get lost in the sauce with the whole left and right 427 00:23:21,120 --> 00:23:25,400 Democrat Republican debate because that's a hot pile of 428 00:23:25,400 --> 00:23:28,240 garbage. But focus on providing the 429 00:23:28,240 --> 00:23:32,200 solution and the solution is Bitcoin and it helps everyone, 430 00:23:32,480 --> 00:23:33,640 right? It doesn't matter where you 431 00:23:33,640 --> 00:23:37,760 stand on the political aisle, Bitcoin is for you and Bitcoin 432 00:23:37,760 --> 00:23:41,080 will make your life better. I love the way that Rajput 433 00:23:41,560 --> 00:23:44,680 posted it. Let's make deflation popular. 434 00:23:45,080 --> 00:23:48,920 Let's bring back deflation. Let's make deflation the thing 435 00:23:48,920 --> 00:23:52,000 that people talk about because I think people are brainwashed in 436 00:23:52,000 --> 00:23:54,160 a way. Like even Elon, like Elon is in 437 00:23:54,400 --> 00:23:57,680 so intelligent. The guy lands his rockets, you 438 00:23:57,680 --> 00:24:00,280 know, build self driving cars. His products are great. 439 00:24:00,280 --> 00:24:03,120 I mean, depends on who you ask. I personally love his products, 440 00:24:04,360 --> 00:24:08,200 but you know, even Elon's talking about like, oh, this 441 00:24:08,200 --> 00:24:10,600 inflation thing get get it under control. 442 00:24:10,600 --> 00:24:12,560 It's like they can't get it under control. 443 00:24:12,560 --> 00:24:14,760 That's the whole point. They don't have if the 444 00:24:14,760 --> 00:24:19,000 government has the ability to press the P button right to fund 445 00:24:19,000 --> 00:24:21,320 whatever they would like, they're going to press that 446 00:24:21,320 --> 00:24:23,360 button. That's something that Satoshi 447 00:24:23,360 --> 00:24:26,200 innately knew. He even wrote about it in the 448 00:24:26,200 --> 00:24:28,880 forums, right? This the only way to fix this is 449 00:24:28,880 --> 00:24:31,840 the separation money and say the only way to fix this is by 450 00:24:31,840 --> 00:24:35,360 opting out and saving and earning in the money that can't 451 00:24:35,360 --> 00:24:39,720 be debased regardless of who's in office and who's in power. 452 00:24:40,080 --> 00:24:43,000 But in terms of moving the Overton window, it was moved 453 00:24:43,000 --> 00:24:45,920 tremendously. I'm more pro free speech. 454 00:24:45,920 --> 00:24:47,880 There should be more open discussion. 455 00:24:48,160 --> 00:24:51,560 There shouldn't be less of it. And it, it does alarm me a 456 00:24:51,560 --> 00:24:55,080 little bit that there was so much pushback for this 457 00:24:55,080 --> 00:24:57,120 discussion. It kind of reminds me of the 458 00:24:57,120 --> 00:25:03,040 time of of when Tucker wanted to talk to Putin and they did so 459 00:25:03,040 --> 00:25:05,040 many things in order to stop that interview. 460 00:25:05,360 --> 00:25:08,160 And I was just thinking about it like, OK, maybe Putin's a bad 461 00:25:08,160 --> 00:25:09,600 guy. He's a president of Russia. 462 00:25:09,600 --> 00:25:11,280 You could say that he's an authoritarian. 463 00:25:11,280 --> 00:25:12,760 You could say all of those things. 464 00:25:13,880 --> 00:25:16,120 But like, what? How's the conversation going to 465 00:25:16,120 --> 00:25:19,160 hurt anybody, Right? Like, that's the question that I 466 00:25:19,160 --> 00:25:20,200 have. Anyways. 467 00:25:20,200 --> 00:25:21,840 Raj, what are your thoughts on this? 468 00:25:21,840 --> 00:25:24,920 It sounds like you heard the interview yesterday, but I 469 00:25:24,920 --> 00:25:27,680 really just want to focus on the inflation because that's really 470 00:25:27,680 --> 00:25:30,400 what that's really what's going to fix things is moving to a 471 00:25:30,400 --> 00:25:31,960 Bitcoin standard. Yeah, definitely. 472 00:25:31,960 --> 00:25:38,000 So I think Elon says that government overspending will or 473 00:25:38,000 --> 00:25:40,800 not overspending will solve for the inflation. 474 00:25:41,000 --> 00:25:43,080 I don't think so. It's it's one of the 475 00:25:43,080 --> 00:25:47,240 contributing factors. But if you look at the M2 money 476 00:25:47,240 --> 00:25:50,480 supply, it's function of not only government deficits, but 477 00:25:50,480 --> 00:25:54,880 also like central bank setting the cost of the money sometimes 478 00:25:54,880 --> 00:25:59,400 too loose, sometimes too tight. We go from booms and busts and 479 00:25:59,400 --> 00:26:02,520 we have stimulus stimulus, we have bailouts. 480 00:26:02,880 --> 00:26:08,040 All this leads to excessive like money printing and it is kind of 481 00:26:08,040 --> 00:26:11,040 a all combined is kind of a root cause of inflation. 482 00:26:11,040 --> 00:26:17,600 So he didn't bring that up. I don't know why, but I think 483 00:26:17,600 --> 00:26:24,120 this I mean central bank just setting kind of, you know, cost 484 00:26:24,120 --> 00:26:27,320 of the money, like just old people getting together in the 485 00:26:27,320 --> 00:26:33,000 room and just having a feel for economy, some collecting some 486 00:26:33,000 --> 00:26:37,320 data, which is usually like stale and kind of disconnected, 487 00:26:37,520 --> 00:26:43,720 skewed in several ways to set the cost of the money is is 488 00:26:43,720 --> 00:26:47,120 what's the root cause here. And with the Bitcoin we get, we 489 00:26:47,120 --> 00:26:51,160 have predictability, right? We have, we know what would be, 490 00:26:51,160 --> 00:26:54,200 I mean, the market would decide the cost of the money with the 491 00:26:54,200 --> 00:26:58,040 economic monetary policy is it is transparent. 492 00:26:58,120 --> 00:27:04,680 And yeah, I think Bitcoin is a proper solution. 493 00:27:04,680 --> 00:27:10,440 Like you know, it's as you said, Nico on your tweet, right, No 494 00:27:10,440 --> 00:27:11,760 trust required. You know what? 495 00:27:12,320 --> 00:27:16,080 Implement Bitcoin and that's about it, yeah. 100% Opti, 496 00:27:16,080 --> 00:27:17,320 what's your take on this, brother? 497 00:27:17,320 --> 00:27:20,320 I mean, we were talking about it when the when the space was 498 00:27:20,320 --> 00:27:24,520 happening according to the latest figures, right? 499 00:27:24,560 --> 00:27:28,600 A billion people apparently have gotten, have listened to it, 500 00:27:28,600 --> 00:27:31,560 have viewed it. So this got a tremendous amount 501 00:27:31,560 --> 00:27:34,080 of reach. And I think the legacy media 502 00:27:34,080 --> 00:27:36,280 attacking it, if anything, it backfired. 503 00:27:36,880 --> 00:27:39,040 And, and, and again, I can't double this. 504 00:27:39,040 --> 00:27:43,800 Look, I get Trump's divisive, you might not like him, but I 505 00:27:43,800 --> 00:27:47,480 don't think, I think we're heading to dangerous territory 506 00:27:47,800 --> 00:27:50,600 where people just say you can't listen to someone what they have 507 00:27:50,600 --> 00:27:53,800 to say in their perspective. I think that's I don't wanna 508 00:27:53,800 --> 00:27:56,160 kind of live in that world. I kind of want the individuals 509 00:27:56,160 --> 00:27:59,800 to get to decide what they wanna listen to, what they don't wanna 510 00:27:59,800 --> 00:28:01,600 listen to. I don't think that should be in 511 00:28:01,600 --> 00:28:03,280 the hands of government. Opti, what's your take? 512 00:28:03,760 --> 00:28:06,600 Yeah, obviously, I mean, we've talked about this constantly on 513 00:28:06,600 --> 00:28:09,640 the show, but I think the biggest signal from yesterday 514 00:28:09,640 --> 00:28:13,320 was the fact that there was a DDoS attack on this, this 515 00:28:13,320 --> 00:28:15,120 conversation happening in the 1st place. 516 00:28:15,120 --> 00:28:18,160 Like if you listen to the speech, I don't really think 517 00:28:18,240 --> 00:28:22,200 that there was anything that was really too crazy upon the 518 00:28:22,200 --> 00:28:23,040 speech. It was it. 519 00:28:23,080 --> 00:28:25,800 And you could say it was rambling and, you know, maybe a 520 00:28:25,800 --> 00:28:28,920 little stale because it was just like the same talking point 521 00:28:28,920 --> 00:28:31,720 we've heard from Trump. If you've listened to anything 522 00:28:31,720 --> 00:28:34,920 you said in the last year or so. So it wasn't anything new that 523 00:28:34,920 --> 00:28:36,920 we heard in here. But the fact that they didn't 524 00:28:36,920 --> 00:28:40,000 want to have this conversation, it is, I think the most telling 525 00:28:40,000 --> 00:28:42,640 aspect of this is like, you know, I was trolling yesterday 526 00:28:42,640 --> 00:28:45,000 on Twitter. It's like me sitting listening 527 00:28:45,000 --> 00:28:47,200 to two billionaires have a casual conversation. 528 00:28:47,200 --> 00:28:49,440 It's like a meme of me, you know, listening. 529 00:28:49,440 --> 00:28:51,040 It would like it, my friends. And it's an ad. 530 00:28:51,120 --> 00:28:53,640 And so it's just very interesting that they would try 531 00:28:53,640 --> 00:28:55,800 to stop this conversation from happening. 532 00:28:56,080 --> 00:28:59,680 And I think it really goes to show that they obviously, one, 533 00:28:59,680 --> 00:29:03,280 do not want people to get that like humanized feeling coming 534 00:29:03,280 --> 00:29:04,760 out of Trump. They want those sound bites 535 00:29:04,760 --> 00:29:08,000 coming out of it. And again, like the, I think the 536 00:29:08,000 --> 00:29:13,200 fact that Elon Musk was able to identify the the, the problem of 537 00:29:13,200 --> 00:29:15,240 inflation and he was sounding like a Bitcoin. 538 00:29:15,240 --> 00:29:17,160 And I think that's things that we said on the show all the 539 00:29:17,160 --> 00:29:20,480 time, which is very interesting that he won't come out and be 540 00:29:20,480 --> 00:29:23,960 like, OK, Bitcoin's a solution. Obviously that's not really his 541 00:29:23,960 --> 00:29:27,520 Ave. or his lane here, but it is one of the defining 542 00:29:27,520 --> 00:29:29,840 conversations right now. Everyone is getting poorer and 543 00:29:29,840 --> 00:29:32,720 we're all looking for solutions. And most people think it's going 544 00:29:32,720 --> 00:29:34,960 to be a political solution. Like most people think that if 545 00:29:34,960 --> 00:29:37,280 they vote the right guy in office, then we're not going to 546 00:29:37,280 --> 00:29:39,360 have inflation. And as Bitcoins, they're like, 547 00:29:39,440 --> 00:29:42,600 no, like they're all Fiat. They're they're all, you know, a 548 00:29:42,600 --> 00:29:45,920 uniparty at this point. And whoever gets in power is 549 00:29:45,920 --> 00:29:47,360 probably going to print more money. 550 00:29:47,640 --> 00:29:49,680 And none of this is going to help you. 551 00:29:49,920 --> 00:29:53,480 All you need to do is literally start saving in Bitcoin And at 552 00:29:53,480 --> 00:29:55,960 at this point find your own sources of information. 553 00:29:55,960 --> 00:29:58,440 Because if they don't want to have this conversation happen in 554 00:29:58,440 --> 00:30:01,280 the 1st place, I think that's the most telling aspect of this 555 00:30:01,280 --> 00:30:04,440 whole thing where it's like that conversation wasn't nefarious. 556 00:30:04,440 --> 00:30:07,240 It would like, nothing crazy was really said throughout that 557 00:30:07,720 --> 00:30:10,880 conversation. It was just, it's like, OK, this 558 00:30:10,880 --> 00:30:13,080 is where we are. Me and Nico were texting during 559 00:30:13,080 --> 00:30:17,320 the the spaces and we were both just like, man, it's really a 560 00:30:17,360 --> 00:30:20,840 historic moment when you can sit here and just have an 561 00:30:20,840 --> 00:30:23,840 unprompted, unscripted conversation between a 562 00:30:23,840 --> 00:30:27,640 presidential candidate and, you know, one of what, what people 563 00:30:27,640 --> 00:30:30,000 would argue one of the most impressive entrepreneurs in the 564 00:30:30,000 --> 00:30:33,000 world right now. So like, I think this is the new 565 00:30:33,000 --> 00:30:35,960 age of the media that we're at. And This is why you're seeing 566 00:30:35,960 --> 00:30:39,360 that media response where they're like trying to downplay 567 00:30:39,680 --> 00:30:41,600 the historic moment that happened yesterday. 568 00:30:41,600 --> 00:30:44,040 And I saw it was like 60 million yesterday. 569 00:30:44,320 --> 00:30:46,280 That has saw the views around it was live. 570 00:30:46,280 --> 00:30:49,680 There's a million plus live viewers watching and listening 571 00:30:49,680 --> 00:30:52,400 throughout the whole, what was it, 2 hour speech or two hour 572 00:30:52,400 --> 00:30:55,240 conversation? So like, it really goes to show 573 00:30:55,240 --> 00:30:57,680 the power of social media, the power of peer-to-peer 574 00:30:57,680 --> 00:31:01,200 communication in the 1st place. But yeah, it's, it's really 575 00:31:01,200 --> 00:31:06,440 interesting the the backlash and the DDoS attack on, I would say 576 00:31:06,440 --> 00:31:10,200 a very, you know, very elementary conversation. 577 00:31:10,200 --> 00:31:12,600 The fact that they don't want this conversation to happen, I 578 00:31:12,600 --> 00:31:15,960 think speaks volumes. Absolutely 100% by the way, 579 00:31:15,960 --> 00:31:20,520 there's 1070 of you guys watching live between YouTube 580 00:31:20,520 --> 00:31:22,240 Rumble and X. If you guys are enjoying the 581 00:31:22,240 --> 00:31:25,040 show, make sure to smash that like button really really helps 582 00:31:25,040 --> 00:31:29,200 with the algos and helps push this message forward all right 583 00:31:29,200 --> 00:31:32,560 everybody let's get to the news lots to talk about today. 584 00:31:32,560 --> 00:31:33,920 Let's check it out. Here we go. 585 00:31:37,200 --> 00:31:41,240 The Daily News. I want to give a shout out to 586 00:31:41,280 --> 00:31:45,640 our sponsor Foundation Devices. It's self custody done right. 587 00:31:45,680 --> 00:31:49,240 They built a premium grade hardware wallet called Passport 588 00:31:49,400 --> 00:31:52,320 right here in the US. It's fully open source and 589 00:31:52,320 --> 00:31:54,960 verifiable. It's the most intuitive Bitcoin 590 00:31:54,960 --> 00:31:58,880 wallet designed with the UX reminiscent of a simple feature 591 00:31:58,880 --> 00:32:01,720 phone, so you will know how to navigate it and use it the 592 00:32:01,720 --> 00:32:05,000 moment you pick it up. Get your Bitcoin off exchanges 593 00:32:05,000 --> 00:32:07,760 and into your into your own hands in just a few minutes. 594 00:32:07,760 --> 00:32:10,800 Experience the Peace of Mind that comes with taking ownership 595 00:32:10,840 --> 00:32:13,760 of your own keys. After a massive sellout during 596 00:32:13,800 --> 00:32:17,800 Bitcoin Miami 2023, the passport is back in stock at 597 00:32:17,800 --> 00:32:21,520 foundationdevices.com. Bitcoin only open source 598 00:32:21,520 --> 00:32:25,440 verifiable completely air gap security model, gorgeous design 599 00:32:25,440 --> 00:32:28,800 craft premium grade materials. If you're thinking about getting 600 00:32:28,800 --> 00:32:31,640 your Bitcoin off exchange changes, this is the one for you 601 00:32:31,880 --> 00:32:35,080 check out the passport link in the show notes below to learn 602 00:32:35,080 --> 00:32:39,600 more all right buddy, so you can scan the QR code on your screen 603 00:32:39,600 --> 00:32:42,480 right now that will take you directly to the foundation 604 00:32:42,480 --> 00:32:45,880 devices website where you can use promo code simply and you 605 00:32:45,880 --> 00:32:50,000 get yourself a nice discount. Remember guys not your keys not 606 00:32:50,000 --> 00:32:52,960 your cheese. You want to take self custody of 607 00:32:52,960 --> 00:32:57,000 your Bitcoin and I recommend using a hardware wallet to do 608 00:32:57,000 --> 00:33:00,440 that and of course, check out our sponsor passport by 609 00:33:00,440 --> 00:33:04,600 foundation devices completely open source Bitcoin hardware 610 00:33:04,600 --> 00:33:06,280 wallet. All right, everybody. 611 00:33:06,280 --> 00:33:09,720 So let's talk about Kaiser Kaiser again, once again 612 00:33:09,720 --> 00:33:13,840 breaking the Overton window. He went on Infowars and he's 613 00:33:13,840 --> 00:33:17,200 been saying like very something very similar that what David 614 00:33:17,200 --> 00:33:18,960 Bailey was saying in in the beginning. 615 00:33:20,120 --> 00:33:22,720 Not to mention that everything is going to zero against 616 00:33:22,720 --> 00:33:24,400 Bitcoin, which is incredibly obvious. 617 00:33:24,400 --> 00:33:28,240 I mean, you guys know that we absolutely love this website 618 00:33:28,480 --> 00:33:33,400 priced in Bitcoin because it just shows that what Kaiser is 619 00:33:33,400 --> 00:33:38,360 saying is absolutely right. Everything price in Bitcoin just 620 00:33:38,360 --> 00:33:43,600 keeps going down and life gets cheaper in let's make deflation 621 00:33:43,600 --> 00:33:46,960 popular again, right? What Raj was saying, everything 622 00:33:46,960 --> 00:33:49,960 gets cheaper if you price your life in Bitcoin, including 623 00:33:49,960 --> 00:33:52,000 housing. Even with housing prices 624 00:33:52,240 --> 00:33:54,960 doubling or whatever, they've only doubled if you've been 625 00:33:54,960 --> 00:33:57,320 saving in Fiat, if you've been saving in Bitcoin. 626 00:33:57,320 --> 00:33:58,880 No, no, no, no, they haven't been doubling. 627 00:33:58,880 --> 00:34:03,160 They've gone down 84% in the last five years. 628 00:34:03,320 --> 00:34:07,200 Can you imagine that? An 84% discount on real estate, 629 00:34:07,360 --> 00:34:09,280 that's what. That's what Kaiser means about 630 00:34:09,280 --> 00:34:11,239 everything going to zero against Bitcoin. 631 00:34:11,480 --> 00:34:14,360 Anyways, let's play the clip of him on Infowars. 632 00:34:14,360 --> 00:34:16,760 Let's check it out. Bitcoin, the economy? 633 00:34:17,719 --> 00:34:20,400 What are you betting on? What Any other key points you 634 00:34:20,400 --> 00:34:21,480 wish you would have added after you leave? 635 00:34:22,760 --> 00:34:25,320 Well, every, everything goes to zero against Bitcoin. 636 00:34:25,400 --> 00:34:26,600 And you know what do I mean by that? 637 00:34:26,600 --> 00:34:28,719 I mean that in, in terms of purchasing power. 638 00:34:29,000 --> 00:34:32,120 So your purchasing power of your dollar obviously is going to go 639 00:34:32,120 --> 00:34:35,239 down versus Bitcoin, but your purchasing power in terms of 640 00:34:35,239 --> 00:34:39,560 gold, property, fine art, your business, stocks, bonds, 641 00:34:39,760 --> 00:34:42,560 everything, the purchasing power of everything relative to 642 00:34:42,560 --> 00:34:46,400 Bitcoin is going to go down because it's only a $1.2 643 00:34:46,400 --> 00:34:50,679 trillion asset in the world of $400 trillion worth of financial 644 00:34:50,679 --> 00:34:54,600 assets, financialized assets. So and just like software ate 645 00:34:54,600 --> 00:34:57,480 the world during the 70s and 80s and every company in the world 646 00:34:57,480 --> 00:34:59,000 became essentially a software company. 647 00:34:59,000 --> 00:35:01,480 You know, car companies are a software company, airlines are a 648 00:35:01,480 --> 00:35:05,640 software company. All value will become priced in 649 00:35:05,640 --> 00:35:07,120 Bitcoin. Everything will be priced in 650 00:35:07,120 --> 00:35:09,880 Bitcoin, particularly energy. I would say the next big 651 00:35:10,200 --> 00:35:12,560 prediction, I'll make a prediction here is that within 652 00:35:12,560 --> 00:35:17,000 24 months, all the major global energy contracts will be priced 653 00:35:17,000 --> 00:35:22,000 in Bitcoin, not dollars. And that will be the end of the 654 00:35:22,000 --> 00:35:24,680 Fiat money world as we know it officially and the beginning of 655 00:35:24,680 --> 00:35:28,200 the Bitcoin epoch. What comes after Bitcoin 656 00:35:28,200 --> 00:35:32,240 standard? Well, it it what comes after it 657 00:35:32,240 --> 00:35:35,880 is the demonetization of violence and the monetization of 658 00:35:35,880 --> 00:35:39,120 love. Not to get too freaking over the 659 00:35:39,120 --> 00:35:43,320 top crazy Alex, but I do really do liken it to like a Christ two 660 00:35:43,320 --> 00:35:48,200 point O it's, it's a story about love where if you cannot steal 661 00:35:48,200 --> 00:35:50,720 somebody's wealth through violence because Bitcoin is 662 00:35:50,720 --> 00:35:54,720 unconfiscatable, you can only approach people within the 663 00:35:54,720 --> 00:35:59,120 intention of Fair trade. And that demonetizes violence. 664 00:35:59,400 --> 00:36:02,760 And the profound quality of this is what happened in El Salvador. 665 00:36:02,760 --> 00:36:05,160 They made Bitcoin legal tender and within three months the 666 00:36:05,160 --> 00:36:09,160 president put 70,000 gangsters in jail because Bitcoin makes 667 00:36:09,160 --> 00:36:11,160 you think differently. You know, you don't change 668 00:36:11,160 --> 00:36:12,960 Bitcoin. Bitcoin changes you. 669 00:36:13,520 --> 00:36:18,120 And this is what the world has on the other side of this Fiat 670 00:36:18,120 --> 00:36:20,760 money collapse. If we get there, if we survive 671 00:36:20,760 --> 00:36:23,960 the next 24 months and the Fiat money collapse, we will wake up 672 00:36:23,960 --> 00:36:27,920 as a global Bitcoin standard and a moment of Christ like 673 00:36:27,920 --> 00:36:30,160 universal love. If we can get there, we got to 674 00:36:30,160 --> 00:36:32,720 get through the next 24 months. We got to get Trump in office. 675 00:36:33,080 --> 00:36:34,920 We have to defeat the global bankers. 676 00:36:38,000 --> 00:36:44,600 I mean, holy shit, it's like Max Keiser dropping hot fire. 677 00:36:44,640 --> 00:36:50,360 And yeah, 100% agree. Bitcoin changes your operating 678 00:36:50,360 --> 00:36:52,440 system. It changes your whole 679 00:36:52,440 --> 00:36:56,160 perspective on the world. When you're on a deflationary 680 00:36:56,160 --> 00:36:58,960 mindset and things just get progressively cheaper. 681 00:36:59,520 --> 00:37:02,680 Your perspective changes. When all of a sudden you feel 682 00:37:02,680 --> 00:37:07,880 the power of taking self custody and you, you know for a fact 683 00:37:08,160 --> 00:37:11,360 that your wealth is unconfiscatable, undebaseable. 684 00:37:12,040 --> 00:37:14,760 Yeah, that gives you a lot of Peace of Mind. 685 00:37:14,760 --> 00:37:18,640 You sleep better at night and all of a sudden your life gets 686 00:37:18,640 --> 00:37:20,600 progressively better. You have more optimism. 687 00:37:20,600 --> 00:37:22,560 You have more hope about the future. 688 00:37:23,080 --> 00:37:26,760 And the vast majority of the world is still on this Fiat 689 00:37:26,760 --> 00:37:30,720 nihilistic mindset. That is because they're living 690 00:37:30,720 --> 00:37:34,560 on a Fiat standard. So I don't know if I'm on the 691 00:37:34,560 --> 00:37:37,720 whole doom thing of the next 24 months. 692 00:37:37,720 --> 00:37:39,400 That sounded a little crazy to me. 693 00:37:39,960 --> 00:37:43,600 But, you know, Max has had a tendency to, you know, predict 694 00:37:43,600 --> 00:37:46,520 things in the past very accurately. 695 00:37:46,760 --> 00:37:50,600 So, you know, it's probably a good idea to get some Bitcoin 696 00:37:50,880 --> 00:37:54,320 just in case it catches on. I mean, this guy has been 697 00:37:54,320 --> 00:37:56,800 telling everybody about Bitcoin since it was like a dollar. 698 00:37:57,040 --> 00:37:59,680 So maybe he sees something that we don't. 699 00:37:59,880 --> 00:38:01,920 One last bit before I pass it on to Raj. 700 00:38:02,600 --> 00:38:06,520 What he said about El Salvador was so true because something 701 00:38:06,520 --> 00:38:10,840 that we've identified on simply, which is this idea that it's not 702 00:38:10,840 --> 00:38:13,680 a coincidence that the first country that made Bitcoin legal 703 00:38:13,680 --> 00:38:16,800 tender has the most popular present in the Americas. 704 00:38:16,840 --> 00:38:18,280 I don't think that's a coincidence. 705 00:38:18,440 --> 00:38:21,200 The reason I don't say that's a coincidence is because I know 706 00:38:21,200 --> 00:38:24,720 what Bitcoin has done to me since I've transitioned to a 707 00:38:24,720 --> 00:38:26,560 Bitcoin standard. It's my eighth year now. 708 00:38:26,560 --> 00:38:31,400 Holy shit, it's been a long time and it's just like life just 709 00:38:31,400 --> 00:38:35,080 gets like it just compounds. It just gets better and cheaper 710 00:38:35,400 --> 00:38:38,600 and you're able to just live the life that you want to live. 711 00:38:39,040 --> 00:38:42,520 If you don't spend your Bitcoin these days, what is it? 712 00:38:42,520 --> 00:38:44,320 What is the stay humble stack stats? 713 00:38:44,320 --> 00:38:48,240 Stay solvent and life gets progressively cheaper over time. 714 00:38:48,560 --> 00:38:54,600 And I think Kaiser, what he did there, it wasn't as impactful as 715 00:38:54,600 --> 00:38:57,600 Trump and Elon because they had a lot more reach. 716 00:38:58,400 --> 00:39:02,800 But think about the audience, them hearing that for the first 717 00:39:02,800 --> 00:39:06,440 time, right? Like the first reaction is this 718 00:39:06,440 --> 00:39:09,880 guy's batshit crazy or holy cow, this guy's been telling the same 719 00:39:09,880 --> 00:39:11,640 thing since Bitcoin was at a dollar. 720 00:39:12,040 --> 00:39:16,600 Like I bet you there was some bitcoiners minted watching that 721 00:39:16,680 --> 00:39:21,720 Alex, that Max Kaiser, Alex Jones special man, because just 722 00:39:21,720 --> 00:39:24,960 in those two minutes like Opti that made that gave me chills, 723 00:39:24,960 --> 00:39:27,760 bro. Like Max is operating in a 724 00:39:27,760 --> 00:39:31,000 different dimension, I think. Anyways, Raj, what's your 725 00:39:31,000 --> 00:39:33,960 perspective on all this? Yeah. 726 00:39:33,960 --> 00:39:37,600 So I think, OK, I'm I'm here. OK. 727 00:39:37,600 --> 00:39:43,640 So yeah, 24 months is pretty optimistic, but I if you 728 00:39:43,640 --> 00:39:52,040 remember the Vijay Boyapati's big blog post about the growth, 729 00:39:52,480 --> 00:39:55,360 like what will be the arc of growth for Bitcoin, right? 730 00:39:55,360 --> 00:39:58,160 We start with the store of value, then we go to medium of 731 00:39:58,160 --> 00:40:02,720 payments, then we go to unit of economics, right? 732 00:40:02,720 --> 00:40:06,440 So everything kind of priced in Bitcoin. 733 00:40:06,440 --> 00:40:11,480 So personally, I believe that, you know, we are, we have 734 00:40:11,480 --> 00:40:14,240 already proven that it's a great store of value. 735 00:40:14,720 --> 00:40:18,840 I think we last cycle we had Tesla and micro strategies, you 736 00:40:18,840 --> 00:40:22,600 know using it as a treasury. Now we have the EDSI think 737 00:40:22,600 --> 00:40:24,560 hundreds. I think the Wall Street is in 738 00:40:24,560 --> 00:40:29,360 most of the funds have Bitcoin on their balance sheets now and 739 00:40:29,600 --> 00:40:31,440 there'll be a lot. There are like lot more 740 00:40:31,440 --> 00:40:34,040 corporations. I think just yesterday Marathon 741 00:40:34,320 --> 00:40:36,560 announced a $50 million of Bitcoin. 742 00:40:36,560 --> 00:40:41,440 So I think store of value is mostly proven at speed. 743 00:40:41,520 --> 00:40:43,400 We want to focus on the medium of payment. 744 00:40:43,400 --> 00:40:46,840 Like we want to solve for the medium of payment, get millions 745 00:40:46,840 --> 00:40:52,320 of users who are actually using Bitcoin directly or indirectly. 746 00:40:53,360 --> 00:40:56,760 And that's where we focus. And probably like once we have 747 00:40:58,240 --> 00:41:01,480 medium of payment going, you know, obviously the next step 748 00:41:01,480 --> 00:41:05,360 would be people will start denominating everything into as 749 00:41:05,600 --> 00:41:07,120 in Bitcoin. Like, you know, people would 750 00:41:07,120 --> 00:41:10,400 start selling and their services and products into Bitcoin and 751 00:41:10,400 --> 00:41:14,200 then probably will have the have the contracts or energy 752 00:41:14,200 --> 00:41:17,600 contracts probably, you know, written in Bitcoin. 753 00:41:18,000 --> 00:41:21,200 I think that's how it should probably go. 754 00:41:22,680 --> 00:41:25,880 One more thing that I'd like to add is, you know what, after 755 00:41:25,880 --> 00:41:30,720 Bitcoin, So yeah, Bitcoin is low, but I think post Bitcoin 756 00:41:30,720 --> 00:41:34,160 will have stability and peace. Like, you know, the things will 757 00:41:34,160 --> 00:41:36,520 stabilize. We will have much better 758 00:41:36,520 --> 00:41:40,440 economic calculations of how the future will be. 759 00:41:40,440 --> 00:41:44,080 I think as SEF said, you know, when once the economic 760 00:41:44,080 --> 00:41:47,680 calculations simplify, we will be able to undertake long term, 761 00:41:47,880 --> 00:41:50,800 you know, projects which are almost impossible to do as of 762 00:41:50,800 --> 00:41:52,720 today. You know, because the cost of 763 00:41:52,720 --> 00:41:57,320 money can go from zero to all the way like 6% and maybe down 764 00:41:57,920 --> 00:42:01,160 to 2% again within the span of five years. 765 00:42:01,160 --> 00:42:04,400 That's completely impossible for any business to kind of plan 766 00:42:04,400 --> 00:42:07,160 around, especially small medium businesses. 767 00:42:07,720 --> 00:42:12,480 So, yeah, I mean, I think we will be out of this boom bust 768 00:42:12,480 --> 00:42:16,400 cycle. We have stability and that would 769 00:42:16,640 --> 00:42:20,520 that would bring the air of peace and I think a growth or 770 00:42:20,520 --> 00:42:26,160 it'll be like a new renaissance. Yeah, new Renaissance. 771 00:42:26,200 --> 00:42:30,160 I mean, who's coined that term? It's Renaissance 2.0. 772 00:42:30,240 --> 00:42:32,640 I I feel like if yeah, it's Renaissance two point. 773 00:42:32,640 --> 00:42:35,440 Oh yeah, Booth maybe. I don't know. 100% agree. 774 00:42:35,480 --> 00:42:38,240 I think the world is going to see freedom the likes of which 775 00:42:38,240 --> 00:42:40,720 it's never seen before. And I think a lot of the 776 00:42:40,720 --> 00:42:44,920 problems that people just cannot see right now, like I think the 777 00:42:44,960 --> 00:42:48,520 Elon and Trump thing yesterday is an example of that. 778 00:42:48,520 --> 00:42:51,560 Like, they're like, they're they're like 10 years back. 779 00:42:51,880 --> 00:42:54,200 Like, yeah, let's get government spending under control. 780 00:42:54,200 --> 00:42:58,040 It's like, no, no, no, let's fix that problem completely forever, 781 00:42:58,040 --> 00:43:00,720 right? And of course, Bitcoiners have 782 00:43:00,720 --> 00:43:03,160 that solution anyways. Opti, what's your take before we 783 00:43:03,160 --> 00:43:05,840 move on to the culture and talk about the speed wallet? 784 00:43:06,080 --> 00:43:08,040 Yeah. So first and foremost, guys, I 785 00:43:08,040 --> 00:43:11,080 highly recommend everyone go watch that whole clip because 786 00:43:11,080 --> 00:43:14,440 Kaiser just keeps dropping the bombs about where we are right 787 00:43:14,440 --> 00:43:16,800 now in the current financial landscape. 788 00:43:16,840 --> 00:43:18,560 And of course, how Bitcoin fixes this. 789 00:43:18,560 --> 00:43:21,640 It, it was a great speech. And you know, Kaiser does have a 790 00:43:21,640 --> 00:43:24,480 way of maybe for lack of better terms, getting a little 791 00:43:24,480 --> 00:43:26,960 hyperbolic. So maybe he did get a little 792 00:43:26,960 --> 00:43:30,720 cosmic and super bullish. But we all know that this is 793 00:43:30,720 --> 00:43:34,160 what's gonna happen eventually. What Kaiser said is going to 794 00:43:34,160 --> 00:43:35,520 happen. And what we've been seeing in 795 00:43:35,520 --> 00:43:40,200 the last couple of weeks is that this global hash war is playing 796 00:43:40,200 --> 00:43:42,680 out in real time. As we played in the beginning 797 00:43:42,680 --> 00:43:45,520 with the David Bailey clip, everyone is seeing something 798 00:43:45,520 --> 00:43:48,280 very similar where now Bitcoin is becoming the defining 799 00:43:48,280 --> 00:43:50,800 conversation. And as we played with Elon Musk 800 00:43:50,800 --> 00:43:54,920 and Trump earlier, inflation is becoming pretty much most 801 00:43:54,920 --> 00:43:57,760 Americans concerned right now is because it's getting extremely 802 00:43:57,760 --> 00:44:00,760 hard for everyone to just survive on a normal paycheck. 803 00:44:00,760 --> 00:44:05,960 And so we're seeing in real time that Bitcoin, at least in a very 804 00:44:05,960 --> 00:44:10,080 maybe lesser degree, it's becoming like everyone's savior 805 00:44:10,080 --> 00:44:11,880 right now. And like we say, you know, it's 806 00:44:11,880 --> 00:44:15,120 no coincidence that Buchele from El Salvador literally 807 00:44:15,120 --> 00:44:19,440 translating to the savior is doing so well is because they 808 00:44:19,440 --> 00:44:22,000 obviously got on the Bitcoin standard and of course 809 00:44:22,000 --> 00:44:23,640 everything else that Buchele has been doing. 810 00:44:23,880 --> 00:44:26,960 But I think it does go to show that people are waking up to 811 00:44:26,960 --> 00:44:30,120 Bitcoin as a solution. We're constantly saying, and we 812 00:44:30,120 --> 00:44:32,720 do get a lot of Flack for it because you know, we came out 813 00:44:32,720 --> 00:44:36,120 and say RFK Junior and Trump is who we are endorsing because 814 00:44:36,120 --> 00:44:38,720 they're being pro Bitcoin. But there is no political 815 00:44:38,720 --> 00:44:41,640 solution out of this. So as long as we get people 816 00:44:41,640 --> 00:44:44,400 talking about these conversations is how we spread 817 00:44:44,400 --> 00:44:47,120 this out to the mainstream audience and more people 818 00:44:47,120 --> 00:44:49,840 realizing that Bitcoin isn't just this, you know, Internet 819 00:44:49,840 --> 00:44:52,600 nerd money that you speculate on and get rich on. 820 00:44:52,840 --> 00:44:55,040 But to one of the points that Kaiser said, and I've been 821 00:44:55,040 --> 00:44:58,480 saying this for a while as well, and Kaiser's, I think his time 822 00:44:58,480 --> 00:45:01,600 frame was like 18 to 24 months, which I don't know if that's 823 00:45:01,600 --> 00:45:06,000 necessarily the time frame, but once everyone starts pricing 824 00:45:06,360 --> 00:45:10,560 energy in SAT or in Bitcoin, that's really when Bitcoin is 825 00:45:10,560 --> 00:45:13,600 going to take over the world because it's the the truest 826 00:45:13,600 --> 00:45:16,160 measurement of value that we have in the world without all 827 00:45:16,160 --> 00:45:17,960 the financial manipulation of the world. 828 00:45:18,240 --> 00:45:21,440 And we're seeing right now that most people that understand 829 00:45:21,440 --> 00:45:24,240 what's going on realize the fundamental problem that it's 830 00:45:24,240 --> 00:45:26,920 the financial manipulators that are wrecking the world. 831 00:45:27,160 --> 00:45:30,160 And the more games are able to get away with, the poorer we all 832 00:45:30,160 --> 00:45:31,680 get. And that's the solution that 833 00:45:31,680 --> 00:45:34,280 we're solving here. Like, you know, Raj was saying 834 00:45:34,280 --> 00:45:36,480 like Bitcoin as a store of value. 835 00:45:36,720 --> 00:45:41,760 I, I think it's proven itself. And if we continue to allow the 836 00:45:41,760 --> 00:45:44,720 financial manipulators to manipulate the Fiat currency in 837 00:45:44,720 --> 00:45:48,680 the traditional financial world, then there's literally no escape 838 00:45:48,680 --> 00:45:50,560 from this unless you're opting into Bitcoin. 839 00:45:50,560 --> 00:45:53,600 And that's what we constantly harp on this show is you need to 840 00:45:53,600 --> 00:45:56,200 save in Bitcoin, take it into self custody. 841 00:45:56,200 --> 00:45:58,760 That's the only way to get out of this and protect yourself. 842 00:45:59,240 --> 00:46:02,800 100 percent, 100%, yeah, man. And it's really, it falls down 843 00:46:02,800 --> 00:46:05,200 to us like to really get that message out there. 844 00:46:05,520 --> 00:46:09,280 Like it's not just about electing a certain person, it's 845 00:46:09,280 --> 00:46:12,520 literally about changing the system root and branch, like 846 00:46:12,520 --> 00:46:14,160 everything from the top to the bottom. 847 00:46:14,440 --> 00:46:17,440 And that's, you know, separation of money and state individuals 848 00:46:17,440 --> 00:46:21,000 taking back their their financial sovereignty via self 849 00:46:21,000 --> 00:46:23,640 custodying their Bitcoin. Anyways, guys, we're going to 850 00:46:23,640 --> 00:46:26,800 talk about the speed wallet and what Raj is working on and 851 00:46:26,800 --> 00:46:29,760 Bitcoin entrepreneurs building on Bitcoin, building on those 852 00:46:29,760 --> 00:46:33,000 second and third layer solutions, helping it scale. 853 00:46:33,000 --> 00:46:36,000 So really excited, stay tuned. Let's get to the culture. 854 00:46:38,560 --> 00:46:46,720 The daily culture. Right everybody before we talk 855 00:46:46,720 --> 00:46:49,480 to Raj, I do want to give a shout out to our sponsor. 856 00:46:49,480 --> 00:46:52,640 Of course I'm talking about the orange pull up stack friends who 857 00:46:52,640 --> 00:46:58,640 stack SAT's join the 11,822 bitcoiners that are on the app 858 00:46:58,640 --> 00:47:02,720 download the Bitcoin social layer, the orange pill app. 859 00:47:02,960 --> 00:47:06,040 Guys, if you're traveling, you go to your new city, perhaps you 860 00:47:06,360 --> 00:47:07,680 you've lived in your city for quite a while. 861 00:47:07,680 --> 00:47:09,760 You just don't know any bitcoiners around you. 862 00:47:09,760 --> 00:47:12,160 The orange pull app is a great resource. 863 00:47:12,480 --> 00:47:15,280 You pull it up and you will literally see the bitcoiners 864 00:47:15,280 --> 00:47:18,200 that are near you and you have the ability to send them a 865 00:47:18,200 --> 00:47:20,080 message. When you send them a message, 866 00:47:20,080 --> 00:47:22,600 you can connect with them. Also, it's the number one 867 00:47:22,600 --> 00:47:24,400 resource for Bitcoin only events. 868 00:47:24,400 --> 00:47:27,400 So if you're going to a conference for and there's days 869 00:47:27,400 --> 00:47:30,240 that there's nothing happening, you open up the orange pull app 870 00:47:30,240 --> 00:47:33,760 and it will literally show you the events that are happening 871 00:47:33,960 --> 00:47:35,600 near you and near the conference. 872 00:47:36,000 --> 00:47:37,840 So guys download the orange pull app today. 873 00:47:37,840 --> 00:47:40,360 It's one of the best ways to reach me directly. 874 00:47:40,360 --> 00:47:42,640 If you have any questions for me, I don't really answer 875 00:47:42,640 --> 00:47:47,120 Twitter emails these days. You can send me an A message on 876 00:47:47,120 --> 00:47:49,480 orange pull app. And every week or so, I make 877 00:47:49,480 --> 00:47:52,560 sure to get back to each and every single one of you guys 878 00:47:52,920 --> 00:47:54,240 download the orange pull app today. 879 00:47:54,240 --> 00:47:57,840 Scan the QR code or check the link in the video description. 880 00:47:58,000 --> 00:48:00,240 Well, I'm really excited about today's show before I pass it on 881 00:48:00,240 --> 00:48:03,480 to Opti Raj, you are with speed wallet. 882 00:48:03,480 --> 00:48:06,160 So for anyone in the audience that doesn't know what speed 883 00:48:06,160 --> 00:48:10,120 wallet is, could you give a quick one to two-minute elevator 884 00:48:10,480 --> 00:48:14,320 pitch on what speed wallet is? Yeah, I don't think I'll need 885 00:48:14,320 --> 00:48:17,920 more than a minute. So speed wallet is easiest to 886 00:48:17,920 --> 00:48:23,720 use a Lightning wallet. It's not self custodial. 887 00:48:23,720 --> 00:48:31,480 It's we, we custody the Bitcoin, but it's we it's it's our our 888 00:48:31,480 --> 00:48:34,160 goal at speed wallet is to just make it super easy. 889 00:48:34,160 --> 00:48:37,320 You just register it with your e-mail and go from there. 890 00:48:38,240 --> 00:48:41,720 We want to make this into a spending wallet. 891 00:48:41,720 --> 00:48:45,600 This is not your saving wallet. You should not save your 892 00:48:45,600 --> 00:48:49,160 bitcoins on this. If you're going to spend the 893 00:48:49,160 --> 00:48:53,760 Bitcoin, maybe let's say 100 dollars, $500 worth of Bitcoin, 894 00:48:53,760 --> 00:48:56,520 you bring that over. And we just wanted to make it 895 00:48:56,520 --> 00:49:01,840 super, super easy for anybody to quickly register load the 896 00:49:02,960 --> 00:49:05,960 bitcoins. You, you stand on chain Bitcoin, 897 00:49:06,200 --> 00:49:10,040 you, you have immediately immediate availability of those 898 00:49:10,040 --> 00:49:11,720 bitcoins on the Lightning network. 899 00:49:11,720 --> 00:49:14,000 You can just, you don't really have to do anything. 900 00:49:14,000 --> 00:49:16,400 You can just start, start spending on Lightning. 901 00:49:16,840 --> 00:49:22,280 So and let's say you have a Lightning bitcoins, you can just 902 00:49:22,280 --> 00:49:27,440 take them out on chain or on the Lightning wallet, super easy. 903 00:49:27,440 --> 00:49:30,240 You don't have to do anything. So a complete seamless 904 00:49:30,960 --> 00:49:35,720 transition between on chain and Lightning from lightning to on 905 00:49:35,720 --> 00:49:41,800 chain and like the most easy to use UI. 906 00:49:42,160 --> 00:49:44,040 And that's what the speed wallet is. 907 00:49:44,040 --> 00:49:45,600 We just wanted to make it super easy. 908 00:49:47,040 --> 00:49:48,840 Yeah, I mean, that's what the speed wallet is. 909 00:49:48,840 --> 00:49:51,600 It's very simple, straightforward implementation. 910 00:49:51,800 --> 00:49:54,680 What's the difference between for example like wallet of 911 00:49:54,680 --> 00:49:58,240 satoshi was very popular so like what would be the difference 912 00:49:58,240 --> 00:50:01,000 between speed wallet and like wallet of satoshi? 913 00:50:01,600 --> 00:50:04,560 Yeah. So wallet of Satoshi, I would 914 00:50:04,560 --> 00:50:08,000 say the biggest difference would be the seamless transaction 915 00:50:08,160 --> 00:50:11,200 transition between the on chain and lightning. 916 00:50:12,240 --> 00:50:16,520 With wallet of Satoshi you will have to bring the light. 917 00:50:16,600 --> 00:50:20,600 I mean, either you buy the Bitcoin and load it up in their 918 00:50:20,600 --> 00:50:25,800 Lightning channel or you bring the Lightning BTC and use them 919 00:50:25,800 --> 00:50:28,920 with the wallet of Satoshi. So you have to be on the 920 00:50:28,920 --> 00:50:32,040 Lightning to kind of directly start using it with the speed 921 00:50:32,040 --> 00:50:33,520 app. You know you have a Bitcoin on 922 00:50:33,520 --> 00:50:37,880 chain and you want to quickly like transition to the 923 00:50:37,880 --> 00:50:40,120 Lightning. You know you use your wallet, 924 00:50:40,760 --> 00:50:44,960 just put your light, put your own chain bitcoins on the in the 925 00:50:44,960 --> 00:50:47,120 speed wallet, scan it immediately. 926 00:50:47,120 --> 00:50:49,640 They are available for you to spend on Lightning. 927 00:50:50,440 --> 00:50:52,800 Gotcha. And questions from the audience 928 00:50:52,800 --> 00:50:57,760 like what would be like, for example, you guys decided to add 929 00:50:57,760 --> 00:51:02,320 USDT by the way, for anyone in the audience, if you live in the 930 00:51:02,320 --> 00:51:07,760 developing world, Bitcoiners like it's like we want Bitcoin 931 00:51:07,760 --> 00:51:12,240 to be this like, you know, used in everyday transactions, but 932 00:51:12,240 --> 00:51:14,200 that's not what the market is saying it is. 933 00:51:14,200 --> 00:51:16,440 Bitcoiners, we should be free market Maxis. 934 00:51:17,120 --> 00:51:19,360 What the market is saying specifically in developing 935 00:51:19,360 --> 00:51:23,440 countries is that stablecoins seem to be very, very popular 936 00:51:24,400 --> 00:51:28,520 and that's something that can be potentially life saving for 937 00:51:28,520 --> 00:51:33,200 someone who lives in Venezuela or Argentina, right? 938 00:51:33,200 --> 00:51:36,480 So I, you know, and there's other wallets that have 939 00:51:36,680 --> 00:51:39,840 integrated, you know, specifically Tether and other 940 00:51:39,840 --> 00:51:43,120 stablecoins as well. So could you talk a little bit 941 00:51:43,160 --> 00:51:44,920 about that? I just want to preface that 942 00:51:44,920 --> 00:51:48,640 because I know we. Have some more core I, I, it 943 00:51:48,640 --> 00:51:52,200 took me long time to kind of get over this I, I really didn't 944 00:51:52,200 --> 00:51:57,040 want to touch any shit coins neither the stable coin. 945 00:51:57,320 --> 00:52:00,160 But then you know, I come from the product management 946 00:52:00,160 --> 00:52:06,040 background where we are told to listen to the users and like 947 00:52:06,040 --> 00:52:10,640 everyone that I spoke to who were non bitcoiners, right? 948 00:52:10,640 --> 00:52:15,280 They were like, OK, I mean, I will love Bitcoin, but it's too 949 00:52:15,280 --> 00:52:19,320 volatile. We want if you, if you have a 950 00:52:19,320 --> 00:52:23,480 significant amount, it will be great to have that in USVD. 951 00:52:24,280 --> 00:52:28,680 It'll be awesome if we can have bitcoins immediately converted 952 00:52:28,680 --> 00:52:35,440 into the USVD and then be able to spend that USVD into on on 953 00:52:35,440 --> 00:52:38,360 like any of the crypto networks or any of the crip sites which 954 00:52:38,360 --> 00:52:41,560 offer like, you know, for example, bit refill will will 955 00:52:41,560 --> 00:52:44,760 allow them to buy the gift cards, right, be able to stand 956 00:52:44,760 --> 00:52:48,800 over there. So I mean spoke with more than 957 00:52:48,800 --> 00:52:53,440 about more than I would say 500 users and probably like 12 958 00:52:53,440 --> 00:52:59,440 months back and like 99% of them were like, OK, you know, we, we 959 00:52:59,440 --> 00:53:05,240 would if if given option for the USBD, we would like to saving 960 00:53:05,240 --> 00:53:09,760 USDT. I mean, I think about other than 961 00:53:09,760 --> 00:53:13,600 like non like Bitcoiners, you know, there, there is this huge 962 00:53:13,600 --> 00:53:19,760 section of users who still do not appreciate like the 963 00:53:19,760 --> 00:53:25,480 Bitcoiners. I mean as as a money as I would 964 00:53:25,480 --> 00:53:29,200 say, I think most people do appreciate it as a store of 965 00:53:29,200 --> 00:53:32,000 value. But when we want them to spend 966 00:53:32,040 --> 00:53:35,360 and kind of retain they, they are like, OK, you know, it'd be 967 00:53:35,360 --> 00:53:38,560 great if we could convert it into the USVD and just, you 968 00:53:38,560 --> 00:53:41,440 know, may be able to spend and with the Taproot assets, right, 969 00:53:41,440 --> 00:53:47,280 that just becomes very easy viable native to the Lightning 970 00:53:47,280 --> 00:53:50,160 Network. So with the Taproot assets, it's 971 00:53:50,400 --> 00:53:56,600 it's by Lightning Labs, we can we can actually, you know, just 972 00:53:56,600 --> 00:53:59,440 use a regular lightning invoices. 973 00:54:00,360 --> 00:54:04,760 They can be paid with a taproot asset like a stable coin or with 974 00:54:04,760 --> 00:54:10,400 the Bitcoin and the receiver can decide whether they want to get 975 00:54:10,400 --> 00:54:14,960 that in sets or they want to get that as a taproot assets, right. 976 00:54:14,960 --> 00:54:18,080 So it gives a complete inter operate operatability like, you 977 00:54:18,080 --> 00:54:21,680 know, you can pick and choose how you want to retain the 978 00:54:21,680 --> 00:54:26,000 value. And we for last year, you know, 979 00:54:26,000 --> 00:54:28,800 we were we were kind of focused on that. 980 00:54:28,800 --> 00:54:33,320 We were working with Lightning Labs and trying to see if we can 981 00:54:33,840 --> 00:54:36,600 if we can just have that available in our wallet. 982 00:54:36,960 --> 00:54:41,720 So yeah, I mean, I think they just launched like a month back. 983 00:54:41,720 --> 00:54:44,560 They launched, they completed the implementation. 984 00:54:44,560 --> 00:54:49,560 It's like, it's still like the first cut And we decided to 985 00:54:50,320 --> 00:54:53,200 launch USDT on Lightning Network. 986 00:54:53,200 --> 00:54:57,320 It's available both in speed wallet as well as speed merchant 987 00:54:57,320 --> 00:55:01,560 platform for businesses. So yeah, just give it a try. 988 00:55:01,560 --> 00:55:03,960 It's pretty straightforward. You are actually inherently 989 00:55:03,960 --> 00:55:07,640 still using Bitcoin. So the rails are still Bitcoin. 990 00:55:08,360 --> 00:55:14,560 If USDT on Lightning Network becomes popular, the Lightning 991 00:55:14,560 --> 00:55:19,360 Network capacity for BTC like BTC Lightning Network capacity 992 00:55:19,360 --> 00:55:23,040 will just skyrocket. So it is kind of complementary. 993 00:55:23,040 --> 00:55:26,840 I mean it will help adoption of Lightning Network. 994 00:55:27,160 --> 00:55:32,680 It will then after you know be like a entry like drug to 995 00:55:32,840 --> 00:55:36,360 getting into the Bitcoin, we'll be able to get millions of users 996 00:55:36,640 --> 00:55:41,680 onto the Lightning Network. And I think that'll open for 997 00:55:41,680 --> 00:55:45,280 like create, it's kind of a gate to creating more Bitcoiners 998 00:55:45,280 --> 00:55:50,840 eventually and also it will increase the network capacity in 999 00:55:50,840 --> 00:55:54,440 terms of Bitcoin. Absolutely Opti. 1000 00:55:55,040 --> 00:55:56,840 Yeah. I was just to say, Raj, again, 1001 00:55:57,120 --> 00:56:01,720 knowing who our audience is, I'd like to kind of elaborate. 1002 00:56:01,720 --> 00:56:04,280 We did kind of compare wallet or Satoshi to speed wallet. 1003 00:56:04,560 --> 00:56:08,920 But I'd like for you to talk about the the design choice in 1004 00:56:08,920 --> 00:56:13,080 the UX experience of going custodial and needing an e-mail. 1005 00:56:13,200 --> 00:56:15,320 Like why? Why did you choose that route 1006 00:56:15,600 --> 00:56:17,880 versus what your competitors are doing? 1007 00:56:20,680 --> 00:56:24,560 So can can you please repeat that once more? 1008 00:56:24,560 --> 00:56:27,440 Sorry, yeah. So for for I know you want to 1009 00:56:27,440 --> 00:56:30,720 make the easiest wallet possible and, and knowing our audience, 1010 00:56:30,720 --> 00:56:33,880 which is, you know, hardcore Max is out here. 1011 00:56:34,200 --> 00:56:37,320 What's the design choice of going fully custodial? 1012 00:56:37,960 --> 00:56:42,040 Yeah. So we had, so we were initially 1013 00:56:42,040 --> 00:56:47,200 trying to make a self custody wallet and there are two big 1014 00:56:47,200 --> 00:56:50,000 challenges with the self custody on the lighting network. 1015 00:56:50,000 --> 00:56:53,640 I mean it's pretty well known. Number one is channel 1016 00:56:53,640 --> 00:56:58,680 management, liquidity management and #2 is offline receive. 1017 00:56:58,680 --> 00:57:03,680 So with the channel management, any self custody wallet would 1018 00:57:04,040 --> 00:57:09,560 have to have a have user kind of become sophisticated enough to 1019 00:57:09,560 --> 00:57:14,560 do the channel liquidity management, which I don't think 1020 00:57:15,480 --> 00:57:18,360 you know, will allow us to bring millions of user onto the 1021 00:57:18,360 --> 00:57:21,240 Lightning Network and offline receive to. 1022 00:57:21,840 --> 00:57:24,280 I mean, those were the those are the two challenges. 1023 00:57:24,280 --> 00:57:27,120 We really do not have a good solution as of today. 1024 00:57:27,120 --> 00:57:29,880 I'm very optimistic. I think, you know, we will very, 1025 00:57:30,120 --> 00:57:35,960 very soon be able to solve it. And maybe at that time we could 1026 00:57:36,360 --> 00:57:39,720 kind of, you know, have another wallet within the speed itself 1027 00:57:39,720 --> 00:57:42,440 where, you know, you could immediately take the self 1028 00:57:42,440 --> 00:57:45,760 custody your hand and have your own mobile lightning node 1029 00:57:45,920 --> 00:57:50,640 working. But with those issues unsolved, 1030 00:57:50,720 --> 00:57:56,480 you know, the experience of self cost free wallet is not a well 1031 00:57:56,640 --> 00:57:59,160 and not good for like unsophisticated users. 1032 00:58:00,440 --> 00:58:04,920 We just wanted to, our goal is to bring like millions of people 1033 00:58:04,920 --> 00:58:10,320 on to the lighting network and so decided to take the list path 1034 00:58:10,320 --> 00:58:14,680 of resistance, which is just, you know, have a custodial node. 1035 00:58:14,680 --> 00:58:17,080 We do the complete channel management, liquidity 1036 00:58:17,080 --> 00:58:20,200 management, make sure that we have healthy channels available 1037 00:58:20,200 --> 00:58:25,160 across the Lightning network. 100% transaction success rate 1038 00:58:25,160 --> 00:58:28,120 was our goal. So we achieved that at speed. 1039 00:58:28,120 --> 00:58:34,160 Like we have like 99.999% transaction success rate. 1040 00:58:34,160 --> 00:58:36,600 So the experience is super smooth. 1041 00:58:36,600 --> 00:58:39,560 Like, you know, any transaction you make will just go through. 1042 00:58:40,640 --> 00:58:43,240 So that was the goal, you know, just make it make make a wallet 1043 00:58:43,240 --> 00:58:45,960 available for non surface. I think we have a lot of self 1044 00:58:45,960 --> 00:58:48,920 custodial wallets. We had a lot of them available. 1045 00:58:48,920 --> 00:58:53,560 I think new TV just pulled out. But I think back in 2022 when we 1046 00:58:53,560 --> 00:58:57,720 were evaluating there were about 5 to 6 pretty good like self 1047 00:58:57,720 --> 00:59:00,320 custodial like wallets in the market. 1048 00:59:01,800 --> 00:59:07,040 And I think a wallet of Satoshi was, and I think strike we're 1049 00:59:07,040 --> 00:59:12,120 the only ones kind of catered into the to the unsophisticated 1050 00:59:12,120 --> 00:59:15,360 users. And one of the challenges that 1051 00:59:15,360 --> 00:59:19,160 we found was, you know, this transition between the on chain 1052 00:59:19,160 --> 00:59:22,360 to lightning, lightning to on chain, which was, which was also 1053 00:59:22,360 --> 00:59:26,480 an issue we wanted to solve that we solved for that and we put 1054 00:59:26,480 --> 00:59:29,560 the wallet out. I mean, honestly, like we did 1055 00:59:29,560 --> 00:59:34,600 not really expect so much adoption to be. 1056 00:59:35,840 --> 00:59:38,360 I mean, we, we were like, OK, you know, we'll just put it out, 1057 00:59:38,360 --> 00:59:42,600 see and you know, anyone wants to use it, just one more option 1058 00:59:42,600 --> 00:59:44,680 available. Right now we're getting about 1059 00:59:44,680 --> 00:59:50,040 like 100,000 to 1500 downloads every day and we crossed like 1060 00:59:50,040 --> 00:59:54,920 100,000 wallet users in like last 4-5 months since it's 1061 00:59:54,920 --> 00:59:59,240 available on the app stores. Congratulations. 1062 00:59:59,600 --> 01:00:02,000 It's huge. And and I, I look like 1063 01:00:02,000 --> 01:00:05,040 personally, I'm and again, I know this is unpopular with some 1064 01:00:05,040 --> 01:00:08,240 part of our crowd. I, I was a huge fan of all of 1065 01:00:08,240 --> 01:00:12,200 Satoshi just because if I, if I ever wanted to introduce someone 1066 01:00:12,200 --> 01:00:16,920 to Bitcoin and the more amount of steps that they take and the 1067 01:00:16,920 --> 01:00:20,760 less interested they are. Like if it's just as simple as 1068 01:00:20,760 --> 01:00:24,920 you literally download an application and you're basically 1069 01:00:25,040 --> 01:00:28,200 extremely, in a very short amount of time, you're ready to 1070 01:00:28,200 --> 01:00:31,680 receive Bitcoin. It's a very, very powerful tool. 1071 01:00:31,680 --> 01:00:34,680 And then you just send someone, you know, like $1.10 dollars or 1072 01:00:34,680 --> 01:00:38,080 $100 worth of lightning and they just receive it instantaneously 1073 01:00:38,080 --> 01:00:39,960 And they just say that's it. And you're like, that's it. 1074 01:00:40,240 --> 01:00:42,480 That's, you know, like that is a good thing. 1075 01:00:42,800 --> 01:00:46,920 Ideally, of course, like you don't want to leave, you know, a 1076 01:00:46,960 --> 01:00:50,000 considerable amount of money in a lightning wallet. 1077 01:00:50,000 --> 01:00:53,080 It's, it's for the coffee, it's for the day-to-day spend. 1078 01:00:53,080 --> 01:00:55,840 So I personally am a convenience maxi. 1079 01:00:56,160 --> 01:01:01,120 I, I, I have the capability to, to set up a lightning whatever, 1080 01:01:02,240 --> 01:01:05,160 but I just haven't done it because it's just like, that's 1081 01:01:05,160 --> 01:01:08,040 not where I'm, I'm, you know, a couple $100 in the lightning 1082 01:01:08,040 --> 01:01:12,240 wallet, like, you know, it's not going to like, OK, it's like 1083 01:01:12,240 --> 01:01:14,800 losing a wallet with $100 in it, like, OK. 1084 01:01:15,000 --> 01:01:17,960 And if they rug pulled and they ruin the reputation that they 1085 01:01:17,960 --> 01:01:19,920 can only do that one time, right? 1086 01:01:20,160 --> 01:01:24,000 So, yeah, I personally, I'm a big fan of convenience for the 1087 01:01:24,000 --> 01:01:27,960 smaller payments and it just helps on board a lot of people. 1088 01:01:27,960 --> 01:01:32,840 Now my question to you, Raj, is, are you concerned at all about 1089 01:01:32,840 --> 01:01:36,240 the regulatory environment in the US because some of the 1090 01:01:36,240 --> 01:01:40,600 reasons that Phoenix and Wallet of Satoshi pulled out was 1091 01:01:40,600 --> 01:01:43,840 because of the regular regulatory uncertainty. 1092 01:01:44,400 --> 01:01:45,840 How are you guys approaching that? 1093 01:01:47,880 --> 01:01:52,680 Yes. So right now the direction from, 1094 01:01:52,680 --> 01:01:57,000 I mean, we, when the Samurai wallet, you know, issue kind of 1095 01:01:57,000 --> 01:02:00,840 came up, it's kind of, it kind of started all the, you know, 1096 01:02:00,840 --> 01:02:04,360 regulatory interference with the Lightning network Earlier. 1097 01:02:04,360 --> 01:02:08,160 We were probably all flying under the, you know, nobody 1098 01:02:08,320 --> 01:02:11,240 really bothered about what's going on the what was going on 1099 01:02:11,240 --> 01:02:15,200 the Lightning network. But with the, with the Bitcoin 1100 01:02:15,200 --> 01:02:20,360 wallets kind of, you know, coming under the, the view and I 1101 01:02:20,600 --> 01:02:24,080 think with that investigation, some of the language that came 1102 01:02:24,080 --> 01:02:27,960 out was very obscure. I mean, it's very difficult to 1103 01:02:27,960 --> 01:02:32,800 really ascertain if you need the money transmission license or 1104 01:02:32,800 --> 01:02:36,040 not. And usually like, you know, if 1105 01:02:36,360 --> 01:02:40,080 some, if it's not clear, you'll need the money transmission 1106 01:02:40,080 --> 01:02:42,320 license. So we are, we are actually 1107 01:02:42,320 --> 01:02:47,960 working on that. And for now, you know, we had to 1108 01:02:47,960 --> 01:02:52,240 put the know your customer requirements for North American. 1109 01:02:52,240 --> 01:02:56,000 Otherwise we would probably have to make the wallet unavailable 1110 01:02:56,000 --> 01:03:02,320 for North America. And we it is it's a trade off. 1111 01:03:02,320 --> 01:03:06,920 I mean, you either make the services available and comply 1112 01:03:07,000 --> 01:03:11,560 or, you know, just stop doing it and not comply. 1113 01:03:11,560 --> 01:03:17,000 So, I mean, we choose that, you know, we'll, it's a spending 1114 01:03:17,000 --> 01:03:19,760 wallet. You know, it's not we, we don't 1115 01:03:19,760 --> 01:03:23,120 want like people to save millions of dollar on that. 1116 01:03:23,120 --> 01:03:25,640 I mean, and honestly, like internally, we are actually 1117 01:03:25,640 --> 01:03:29,120 considering very, very soon you're going to put like the 1118 01:03:29,120 --> 01:03:32,680 hard limit on how much you can custody on our wallet. 1119 01:03:32,680 --> 01:03:36,840 Like maybe you will not be able to have more than $1000 worth of 1120 01:03:36,840 --> 01:03:38,560 Bitcoin. We are, we are actually 1121 01:03:38,560 --> 01:03:41,000 considering that. We'll definitely put the hard 1122 01:03:41,000 --> 01:03:46,960 limit on it. And we, we, I mean, we chose the 1123 01:03:46,960 --> 01:03:50,520 KYC route and maybe just, you know, do the compliance make, 1124 01:03:50,520 --> 01:03:54,400 but have the service available, make the Lightning available, 1125 01:03:54,440 --> 01:03:57,560 keep it available within, have the option available to the 1126 01:03:57,560 --> 01:03:59,840 users. But for the rest of the world, 1127 01:03:59,840 --> 01:04:02,640 you know, it's just available without any kind of KYC 1128 01:04:02,760 --> 01:04:06,600 requirements and anybody anywhere in the world can just 1129 01:04:06,600 --> 01:04:08,680 download the wallet, start using it. 1130 01:04:08,680 --> 01:04:11,000 We also have the web version available. 1131 01:04:11,000 --> 01:04:12,720 We have the Chrome plug in available. 1132 01:04:12,720 --> 01:04:15,560 We have lot of different versions available and we'll 1133 01:04:15,560 --> 01:04:17,800 make it available in all possible languages. 1134 01:04:17,920 --> 01:04:24,080 So, you know, like we'll not just remain limited to that 1135 01:04:24,080 --> 01:04:26,200 stores. We'll try to go as like, you 1136 01:04:26,200 --> 01:04:30,040 know, horizontal as possible and make this available in as many, 1137 01:04:31,440 --> 01:04:34,640 on as many platforms and as many different languages as possible. 1138 01:04:35,720 --> 01:04:39,040 But yeah, on North America, you know, I think the things are 1139 01:04:39,040 --> 01:04:41,200 very hazy. It's not very clear. 1140 01:04:41,200 --> 01:04:47,040 So yeah, to keep the lights on Will will have to comply. 1141 01:04:50,120 --> 01:04:52,360 Yeah, yeah. Oh, wait, wait, hold on. 1142 01:04:52,360 --> 01:04:54,320 Sorry. I was just going to add, you 1143 01:04:54,320 --> 01:04:57,080 know, very quickly. I know there, there's still 1144 01:04:57,080 --> 01:04:59,400 might be some people in the chat that are going to flood 1145 01:04:59,400 --> 01:05:02,560 lightning. So rapid fire response will 1146 01:05:02,560 --> 01:05:07,440 lightning scale Bitcoin? Yeah, yeah, 100%, yeah. 1147 01:05:07,440 --> 01:05:08,920 I mean it. It works. 1148 01:05:08,960 --> 01:05:11,480 It just works and it works really, really well. 1149 01:05:12,240 --> 01:05:15,400 We have small problems with self custody. 1150 01:05:15,440 --> 01:05:17,200 I think we should be able to solve it. 1151 01:05:17,200 --> 01:05:22,920 It's the engineering problem. But yeah, it like with this self 1152 01:05:22,920 --> 01:05:27,120 custody, it just works. You have used Lightning on the 1153 01:05:27,120 --> 01:05:29,680 cash app. It works really, really well. 1154 01:05:29,760 --> 01:05:33,360 Stripe what's really, really well wallet of shuttle See, I 1155 01:05:33,400 --> 01:05:38,080 mean and there are I mean, I look at the transaction volume 1156 01:05:38,080 --> 01:05:42,000 right now, it's just estimation like it's just mind blowing like 1157 01:05:42,000 --> 01:05:47,840 you know, every day we are like processing about 40-50 BTC worth 1158 01:05:47,840 --> 01:05:50,960 of payments right now, even though we are so new and so 1159 01:05:50,960 --> 01:05:53,960 small. I mean should be like 1160 01:05:54,200 --> 01:05:57,360 significant number for wallet of Satoshi and strike. 1161 01:05:57,400 --> 01:06:00,120 I mean, those guys must be there's there is a lot of 1162 01:06:00,120 --> 01:06:04,160 velocity and lightning network incredible and lot of like 1163 01:06:04,240 --> 01:06:07,080 literally hundreds and thousands of users are actually 1164 01:06:07,480 --> 01:06:10,680 downloading the wallet everyday and joining this network. 1165 01:06:11,880 --> 01:06:15,480 This is just going to get bigger and snowball into like much, 1166 01:06:16,760 --> 01:06:18,960 much bigger, like, you know, payment network. 1167 01:06:18,960 --> 01:06:23,160 So I'm extremely optimistic. You know, this is we can 1168 01:06:23,160 --> 01:06:25,920 definitely, I mean there will be challenges, there will be 1169 01:06:26,160 --> 01:06:28,960 engineering, you know, challenges, there might be 1170 01:06:28,960 --> 01:06:33,440 regulatory challenges, but once we kind of acquire a certain 1171 01:06:33,440 --> 01:06:37,840 level of, you know, size, it will become unstoppable. 1172 01:06:39,120 --> 01:06:43,480 Yeah, I agree. It's it's like you have to make 1173 01:06:43,480 --> 01:06:47,320 Bitcoin human friendly. Like that's the reality that 1174 01:06:47,320 --> 01:06:51,880 Bitcoiners don't understand. But it's something that like the 1175 01:06:51,880 --> 01:06:54,600 reason that the iPhone took off, right? 1176 01:06:54,600 --> 01:06:58,040 Like the whole general consensus was there's going to be a 1177 01:06:58,040 --> 01:07:00,440 computing revolution. That was right. 1178 01:07:00,960 --> 01:07:05,040 But what wasn't right was the whole keyboard and screen and 1179 01:07:05,040 --> 01:07:08,760 whatever the computer was human friendly. 1180 01:07:08,760 --> 01:07:12,000 And now everyone has a computer which is their smartphone, 1181 01:07:12,280 --> 01:07:15,080 right? So you just apply that same 1182 01:07:15,080 --> 01:07:18,160 logic to Bitcoin. How do you make Bitcoin human 1183 01:07:18,160 --> 01:07:22,160 friendly? The reality is that self custody 1184 01:07:22,160 --> 01:07:27,000 is not a human friendly exercise for the vast majority of people. 1185 01:07:27,000 --> 01:07:30,120 That's not to say that people shouldn't take self custody and 1186 01:07:30,120 --> 01:07:32,240 they should definitely learn and you should keep pushing that 1187 01:07:32,240 --> 01:07:36,560 message forward. But like you guys know the deal. 1188 01:07:36,560 --> 01:07:38,840 Like at least in my family, I'm the uncle Jim bro. 1189 01:07:39,160 --> 01:07:41,320 You know, I'm the tech support guy, right? 1190 01:07:41,880 --> 01:07:43,880 Any when it comes to Bitcoin stuff. 1191 01:07:44,520 --> 01:07:47,400 And I'm sure you guys have had very similar experiences, right? 1192 01:07:47,560 --> 01:07:52,600 When you have like convenience, like these types of convenience 1193 01:07:52,600 --> 01:07:57,280 onboarding apps into lightning, it creates a really pleasant 1194 01:07:57,280 --> 01:08:01,240 kind of user experience. And then of course, you know, 1195 01:08:01,240 --> 01:08:05,960 like it's like having, you know, if you have more than 600 or 1196 01:08:05,960 --> 01:08:08,960 $700 in your wallet, you know, you're going to look at that 1197 01:08:08,960 --> 01:08:10,800 wallet a little bit differently, right? 1198 01:08:10,920 --> 01:08:13,320 If you have $10,000 in your wallet, like you're going to 1199 01:08:13,320 --> 01:08:15,560 feel uncomfortable and be like, I don't need this much money in 1200 01:08:15,560 --> 01:08:18,160 my wallet. I'm going to leave some of this 1201 01:08:18,160 --> 01:08:22,840 whatever at home or something. So the point is, is that someone 1202 01:08:22,840 --> 01:08:25,520 said to come Nico, will the vast majority of people still win if 1203 01:08:25,520 --> 01:08:28,760 they don't take self gussy nihilistic field. 1204 01:08:28,760 --> 01:08:34,720 So I would say that I think that most people are just not, it's 1205 01:08:34,720 --> 01:08:36,840 going to be a very unpopular comment, but I'm going to say it 1206 01:08:36,840 --> 01:08:38,960 anyways. Most people are just not going 1207 01:08:38,960 --> 01:08:41,279 to transact on chain. I think on chain is going to 1208 01:08:41,279 --> 01:08:46,359 become prohibitively expensive in the next 10 years or so. 1209 01:08:47,399 --> 01:08:50,040 And most people are going to be interacting with Bitcoin on 1210 01:08:50,040 --> 01:08:51,720 second and third layer solutions. 1211 01:08:52,080 --> 01:08:55,800 And I think it's going to be a certain group of people that are 1212 01:08:55,800 --> 01:09:00,960 going to have the means and the technical know how in order to 1213 01:09:00,960 --> 01:09:03,399 operate Bitcoin on chain. Yeah, that's what I think is 1214 01:09:03,399 --> 01:09:05,840 going to happen. And it's just a matter of the 1215 01:09:05,840 --> 01:09:07,560 fees. Like the fees are just going to 1216 01:09:07,560 --> 01:09:09,279 look, Bitcoins going to go to a million. 1217 01:09:09,600 --> 01:09:11,600 Like the fees are going to go up, right. 1218 01:09:12,439 --> 01:09:15,720 If Bitcoin becomes a world reserve currency, that block 1219 01:09:15,720 --> 01:09:20,160 space is going to become very, very sought after, right? 1220 01:09:20,160 --> 01:09:23,720 To say the least. So, yeah, I, I, I don't think 1221 01:09:23,720 --> 01:09:27,760 scaling on the main chain is that was not a serious question. 1222 01:09:27,960 --> 01:09:31,359 Well, I answered it anyways, bro, I don't think scaling on on 1223 01:09:31,359 --> 01:09:34,399 chain is the way. I think, you know, second layer 1224 01:09:34,399 --> 01:09:36,920 solutions and third layer solutions are the way forward. 1225 01:09:37,240 --> 01:09:40,760 And we haven't quite cracked the code because it there has to be 1226 01:09:40,760 --> 01:09:42,960 a balance, right? There has to be a balance. 1227 01:09:42,960 --> 01:09:46,479 Unfortunately, we still have the, the Fiat, the party of Fiat 1228 01:09:46,479 --> 01:09:50,399 on our side and they have all the whole KYC in compliance and 1229 01:09:50,399 --> 01:09:53,359 they have the men's with they have the men with guns, right? 1230 01:09:53,640 --> 01:09:55,560 That's just the reality of the situation. 1231 01:09:55,880 --> 01:09:59,800 It's sucked to me. It blows my mind that North 1232 01:09:59,800 --> 01:10:04,120 Korea, China and USA are all on the same list as it regards to 1233 01:10:04,360 --> 01:10:07,160 certain Lightning wallets. Like that is not a good 1234 01:10:07,160 --> 01:10:10,520 situation for the United States. That's an embarrassment in my 1235 01:10:10,520 --> 01:10:13,400 opinion. And that is a complete drop ball 1236 01:10:13,400 --> 01:10:15,600 because all you're doing is you're forcing these companies 1237 01:10:15,600 --> 01:10:17,280 to go overseas and innovate over there. 1238 01:10:17,560 --> 01:10:19,480 That's all you're doing. You're not shutting it down. 1239 01:10:20,680 --> 01:10:25,120 So, yeah, I mean, it's, it's not so much, you know, like when I, 1240 01:10:25,120 --> 01:10:28,960 when I see a lot of these exchanges and, you know, these 1241 01:10:29,200 --> 01:10:34,680 applications, you know, implement KYC and then users get 1242 01:10:34,680 --> 01:10:36,840 upset. It's a you're getting upset at 1243 01:10:36,840 --> 01:10:39,800 the wrong people, bro. You should be getting upset at 1244 01:10:39,800 --> 01:10:43,720 the government officials and the regulators because they're the 1245 01:10:43,720 --> 01:10:47,000 ones that are forcing these companies and exchanges and 1246 01:10:47,000 --> 01:10:50,280 brokers to implement these things in their products. 1247 01:10:50,520 --> 01:10:53,280 Because if they don't implement it, they will literally be 1248 01:10:53,280 --> 01:10:55,760 locked in a box or they would be ran out of business. 1249 01:10:56,120 --> 01:10:58,320 So that's something to keep in mind with everybody. 1250 01:10:58,560 --> 01:11:00,920 It's just kind of like the reality of the regulatory 1251 01:11:00,920 --> 01:11:06,960 situation, which is why on our show we talk a lot about the 1252 01:11:07,080 --> 01:11:10,160 political environment here in the US. 1253 01:11:10,920 --> 01:11:15,000 You have the current administration that has been 1254 01:11:15,000 --> 01:11:19,520 pretty hostile towards the industry as a whole, the 1255 01:11:19,520 --> 01:11:23,160 Operation Choke .2 Point O denying Caitlin Long's federal 1256 01:11:23,160 --> 01:11:28,480 banking charter, the proposed 30% tax on Bitcoin miners. 1257 01:11:28,840 --> 01:11:33,880 And then you have two opposing candidates, RFK Junior and 1258 01:11:33,880 --> 01:11:39,080 Donald Trump, that have promised that they'll be pro industry if 1259 01:11:39,080 --> 01:11:41,840 they get into office. Like these are the types of 1260 01:11:41,840 --> 01:11:45,840 things where you don't like KYC, you don't like AML and you don't 1261 01:11:45,840 --> 01:11:48,320 like this, the regulatory environment in the United 1262 01:11:48,320 --> 01:11:50,880 States. Then elections matter to you. 1263 01:11:51,080 --> 01:11:52,960 Like they really do. Like there's, there's a 1264 01:11:52,960 --> 01:11:56,520 consequence to it. And that's something that I've 1265 01:11:56,520 --> 01:12:01,280 seen Bitcoiners clash with. Like they don't fully comprehend 1266 01:12:01,280 --> 01:12:06,000 that because we've been used to operating in the shadows since 1267 01:12:06,000 --> 01:12:08,200 really the beginning of Bitcoin's history. 1268 01:12:08,480 --> 01:12:10,520 They, they haven't really paid attention to us. 1269 01:12:10,840 --> 01:12:14,440 Now it's that we've grown in popularity and there's more 1270 01:12:14,440 --> 01:12:18,360 adoption, you start to get into the limelight and that's where 1271 01:12:18,360 --> 01:12:21,520 these types of things happen. So anyways, I'm a huge fan of 1272 01:12:21,520 --> 01:12:23,880 the Speed Wallet. I definitely think it's gonna do 1273 01:12:23,880 --> 01:12:28,200 great for Lightning adoption and just more the onboarding of 1274 01:12:28,200 --> 01:12:30,960 Bitcoin. And I do want to give a shout 1275 01:12:30,960 --> 01:12:33,760 out to Raj for joining us on the show today. 1276 01:12:34,040 --> 01:12:38,000 To check out the app, you go to Speed dot app and you can 1277 01:12:38,000 --> 01:12:40,120 download it. It's available in the App Store 1278 01:12:40,560 --> 01:12:43,800 on the Google Store and, you know, the smartphone of your 1279 01:12:43,800 --> 01:12:46,360 choice. And Raj, if you have any final 1280 01:12:46,360 --> 01:12:49,080 parting thoughts for our audience, what would it be? 1281 01:12:49,640 --> 01:12:56,600 Yeah, I will say that Bitcoin layer one take the self custody, 1282 01:12:56,600 --> 01:12:59,640 not your Bitcoin like not your keys, not your Bitcoin. 1283 01:13:00,120 --> 01:13:02,840 We have lots of good options available in terms of hardware 1284 01:13:02,840 --> 01:13:05,640 wallets. We have multi sig wallets now 1285 01:13:06,520 --> 01:13:10,880 you know I think self custody of layer one is super easy and it 1286 01:13:10,880 --> 01:13:16,440 is completely possible to do that even for unsophisticated 1287 01:13:16,440 --> 01:13:18,880 users. I think BT Sessions has done 1288 01:13:18,880 --> 01:13:22,600 like really great job making the tutorials for all the different 1289 01:13:22,600 --> 01:13:25,360 hardware wallets and different kind of the wallets available. 1290 01:13:26,200 --> 01:13:31,600 I think you know, we are at a point where the hardware wallets 1291 01:13:31,600 --> 01:13:35,320 are super easy to use, multi sig wallets are easy to use. 1292 01:13:35,520 --> 01:13:39,920 Self custody of the bitcoins for saving should be the norm. 1293 01:13:40,240 --> 01:13:43,560 And whether you are sophisticated or not, not so 1294 01:13:43,560 --> 01:13:48,040 sophisticated users don't leave bitcoins on the exchange, just 1295 01:13:48,040 --> 01:13:49,520 take it on your hardware wallets. 1296 01:13:49,520 --> 01:13:54,120 And so there will not be, you know, lending of your Bitcoin to 1297 01:13:54,120 --> 01:13:58,600 the and I think that does affect the price of the Bitcoin. 1298 01:13:58,600 --> 01:14:01,400 Like when they land out, they keep circulating the same 1299 01:14:01,400 --> 01:14:04,720 Bitcoin to several different buyers between several different 1300 01:14:04,720 --> 01:14:06,960 buyers and traders. It doesn't help. 1301 01:14:07,960 --> 01:14:11,280 So take the self custody when it comes to the Lightning. 1302 01:14:11,280 --> 01:14:14,040 You know, it is for spending. It's a medium of payment. 1303 01:14:14,720 --> 01:14:18,000 Don't bring in big amount, don't save it on the lightning metal 1304 01:14:18,000 --> 01:14:20,560 wallets. You know, it's for spending and 1305 01:14:20,560 --> 01:14:23,560 we'll we'll be kind of focused on that just making it super 1306 01:14:23,560 --> 01:14:27,800 easy to spend or use Bitcoin if you don't want. 1307 01:14:27,800 --> 01:14:31,240 I mean, I would still say that do not like spend your Bitcoin 1308 01:14:31,240 --> 01:14:35,200 in which case we have like a stable coin available which 1309 01:14:35,560 --> 01:14:39,160 which is what users want and you know, you can use that for the 1310 01:14:39,160 --> 01:14:42,320 spending. There are a lot of, I mean, we 1311 01:14:42,320 --> 01:14:45,320 grow the medium of payment network that's going to 1312 01:14:45,320 --> 01:14:49,280 complement the Bitcoin price and Bitcoin overall. 1313 01:14:50,640 --> 01:14:53,720 Once it becomes a norm to kind of, you know, use the Lightning 1314 01:14:53,720 --> 01:14:56,920 network, the next step would be unit of economics. 1315 01:14:56,920 --> 01:15:00,280 People will start denominating their products and services into 1316 01:15:00,280 --> 01:15:04,080 Bitcoin and then we'll have a proper Bitcoin bitcoinization. 1317 01:15:04,080 --> 01:15:07,560 Like, you know, we will have like hundreds and thousands of 1318 01:15:07,560 --> 01:15:09,800 business just selling the things for Bitcoin. 1319 01:15:09,800 --> 01:15:13,040 I think we really need that mindset where everything is 1320 01:15:13,640 --> 01:15:18,000 priced in Bitcoin and doesn't matter whatever the bit, you 1321 01:15:18,000 --> 01:15:21,080 know, U.S. dollar in it or any other shit coin prices against 1322 01:15:21,120 --> 01:15:26,600 like Fiat token price against it is people just like care only 1323 01:15:26,600 --> 01:15:29,720 about Bitcoin price of it. And at that point of time, 1324 01:15:29,720 --> 01:15:32,640 probably we will not even need the stable coin and we'll be the 1325 01:15:32,640 --> 01:15:36,480 first one to drop it off A. 100% Well, dude, thank you so much 1326 01:15:36,480 --> 01:15:40,480 for coming on on the show, Raj. It's great what you guys are 1327 01:15:40,480 --> 01:15:44,400 doing, spreading Bitcoin adoption, making it convenient 1328 01:15:44,400 --> 01:15:46,960 and easy for people to onboard and stuff. 1329 01:15:47,200 --> 01:15:50,360 So I really appreciate it guys. You can go to Speed dot app to 1330 01:15:50,360 --> 01:15:54,360 download the application today. This was your show for August 1331 01:15:54,360 --> 01:15:57,080 13th, 2024. I'm your host, Nico. 1332 01:15:57,480 --> 01:16:00,720 It's my host, my Co host Optimist Fields and our special 1333 01:16:00,720 --> 01:16:02,800 guest today, Raj from Speed Wallet. 1334 01:16:02,800 --> 01:16:04,160 All right everybody, love you all. 1335 01:16:04,160 --> 01:16:06,800 We'll see you tomorrow for brand new episode of Simply Bitcoin 1336 01:16:06,800 --> 01:16:10,480 Live. So it was brought to you by 1337 01:16:10,480 --> 01:16:14,360 bitcoinwell.com on a mission to enable independence.