1 00:00:03,320 --> 00:00:06,280 It's all going to zero against Bitcoin. 2 00:00:06,920 --> 00:00:16,800 It's going up forever. You're against Bitcoin. 3 00:00:16,840 --> 00:00:25,040 You're against freedom. Good morning everybody. 4 00:00:25,040 --> 00:00:29,120 Welcome to Simply Bitcoin, the number one daily live Bitcoin 5 00:00:29,120 --> 00:00:30,720 show on YouTube, Twitter and Rumble. 6 00:00:30,720 --> 00:00:33,680 We cover breaking news, culture and mimetic warfare. 7 00:00:34,080 --> 00:00:36,240 And usually we bring on bit corners from all around the 8 00:00:36,240 --> 00:00:38,560 world, from the biggest names to the everyday bit corner. 9 00:00:38,560 --> 00:00:41,680 But today it's just me and my Co host Sophie. 10 00:00:41,680 --> 00:00:44,880 But anyways, we will be your guide through the separation of 11 00:00:44,880 --> 00:00:47,200 money and state. And as you can tell from the 12 00:00:47,200 --> 00:00:51,160 title, guys, we are about to wrap up the third epoch. 13 00:00:51,640 --> 00:00:54,760 It is almost officially over. We are little less than 200 14 00:00:54,760 --> 00:00:56,440 blocks. We'll go over exactly how many 15 00:00:56,440 --> 00:00:58,720 blocks until the halving in the numbers. 16 00:00:59,000 --> 00:01:01,720 And I've seen a lot of people confused literally about what 17 00:01:01,720 --> 00:01:05,519 the halving is, what it's going to do to price and rather more 18 00:01:05,519 --> 00:01:07,840 on the idea. Like, is this time different? 19 00:01:08,000 --> 00:01:11,320 So we'll go into that. I got a video here of the 20 00:01:11,320 --> 00:01:13,400 grayscale CEO. Say what you want about him, but 21 00:01:13,760 --> 00:01:16,680 making the rounds on the corporate press talking about 22 00:01:16,680 --> 00:01:19,080 the halving. And then, you know, I, I know 23 00:01:19,080 --> 00:01:21,880 we're getting trolled in the chat already about, oh, price 24 00:01:21,880 --> 00:01:25,320 predictions, but hey, I'll tell you right now we are not giving 25 00:01:25,320 --> 00:01:27,440 you numbers. All we're telling you is number 26 00:01:27,440 --> 00:01:29,920 will go up. I will bring the historical 27 00:01:29,920 --> 00:01:32,480 price of Bitcoin around the halving. 28 00:01:32,480 --> 00:01:36,480 I do have a bit wise, I wouldn't say a thread but a bit wise 29 00:01:36,480 --> 00:01:38,360 tweet kind of explaining what's going on. 30 00:01:38,360 --> 00:01:41,560 All we know guys, is Bitcoin is becoming more scarce. 31 00:01:41,560 --> 00:01:46,200 It's going to officially, undeniably be the hardest money 32 00:01:46,200 --> 00:01:48,720 in the world right now. It already can technically be 33 00:01:48,720 --> 00:01:51,680 said it is the hardest money in the world with the lowest 34 00:01:51,680 --> 00:01:56,640 inflation rate, but it will be undeniable in about 200 blocks 35 00:01:56,640 --> 00:01:59,720 or so. And then in the news, we got a 36 00:01:59,720 --> 00:02:02,720 very interesting development happening in El Salvador. 37 00:02:03,240 --> 00:02:06,320 Google has officially incorporated in El Salvador, 38 00:02:06,320 --> 00:02:10,400 making it the first technology hub in Central America, really 39 00:02:10,400 --> 00:02:14,360 leaning into the sovereign individual thesis of if you set 40 00:02:14,360 --> 00:02:18,200 good incentives in your country, you will attract entrepreneurs. 41 00:02:18,400 --> 00:02:20,760 And this is what we say about Bitcoin. 42 00:02:21,200 --> 00:02:24,800 Is it a coincidence that, you know, ever since Bitcoin or El 43 00:02:24,800 --> 00:02:27,160 Salvador got on the Bitcoin standard that now they are 44 00:02:27,320 --> 00:02:30,120 incentivizing people to come to their country, they are 45 00:02:30,120 --> 00:02:32,600 developing their country. It's the safest country in the 46 00:02:32,600 --> 00:02:34,920 world? Hey, you can make your own 47 00:02:34,920 --> 00:02:37,280 assumptions on that. But I think it's very 48 00:02:37,280 --> 00:02:41,040 interesting considering Google's moving down to El Salvador. 49 00:02:41,520 --> 00:02:44,600 Are they starting to see what we see all the time that they are 50 00:02:44,600 --> 00:02:48,120 holding melting ice cubes with so much cash on their balance 51 00:02:48,120 --> 00:02:49,640 sheet? We're not there yet. 52 00:02:49,640 --> 00:02:54,600 Only time will tell but it is a good signal that they are 53 00:02:54,840 --> 00:02:57,520 finally giving El Salvador some acknowledgement. 54 00:02:58,160 --> 00:03:00,360 So you just love to see it. I I just can't wait till this 55 00:03:00,360 --> 00:03:02,480 happens in more and more countries and more and more 56 00:03:02,520 --> 00:03:06,200 countries around the world start to embrace Bitcoin and start to 57 00:03:06,200 --> 00:03:09,560 innovate and of course get richer along the way. 58 00:03:09,560 --> 00:03:11,560 This is this is a feature not a bug guys. 59 00:03:11,560 --> 00:03:14,200 And then of course in the number in the culture. 60 00:03:14,200 --> 00:03:19,280 Sorry, we did get a good comment on YouTube and so I am once 61 00:03:19,280 --> 00:03:24,320 again back again to talk about self custody and my framework, 62 00:03:24,320 --> 00:03:28,240 the best practices when it comes to self custom, your Bitcoin. 63 00:03:28,480 --> 00:03:30,960 He kind of mentioned that he's still a little intimidated when 64 00:03:30,960 --> 00:03:33,800 it comes to self custody. I know, I still remember the 65 00:03:33,800 --> 00:03:38,120 first time I took Bitcoin into self custody and it absolutely 66 00:03:38,120 --> 00:03:40,040 terrified me. But after you get over the 67 00:03:40,040 --> 00:03:43,520 initial hump, it's super simple. Guys like do not complicate 68 00:03:43,520 --> 00:03:45,920 this. It's not as hard as you may make 69 00:03:45,920 --> 00:03:50,640 it out to believe, but hey, there is no rewind button, so 70 00:03:50,640 --> 00:03:54,200 you will have to take it slow. There are some best practices, 71 00:03:54,200 --> 00:03:57,160 So I'm going to go over again for the new people in the back, 72 00:03:57,160 --> 00:04:01,520 for everyone to get up to date so that we can all take our 73 00:04:01,520 --> 00:04:03,920 Bitcoin into custody. Because as we say all the time, 74 00:04:03,920 --> 00:04:08,440 self custody is the revolution. And as you can tell, I'm the one 75 00:04:08,440 --> 00:04:09,760 hosting the show. It's your boy Opty. 76 00:04:09,760 --> 00:04:14,400 But I'm not alone. We got Sophie back as maternity 77 00:04:14,400 --> 00:04:17,519 leaves, at least for today. Nico's headed to Nashville right 78 00:04:17,519 --> 00:04:18,600 now. He's going to be a part of the 79 00:04:18,600 --> 00:04:21,279 Bitcoin Magazine, a live having stream. 80 00:04:21,279 --> 00:04:25,760 But anyways, so how you doing? We are doing super well. 81 00:04:25,760 --> 00:04:29,080 Thank you guys for having me. Well, of course, of course we 82 00:04:29,080 --> 00:04:31,680 need a little feminine energy on simply Bitcoin sometimes. 83 00:04:31,680 --> 00:04:33,160 Need a little feminine energy? Just a. 84 00:04:33,440 --> 00:04:35,440 Little bit. Especially during the halving, 85 00:04:35,440 --> 00:04:38,080 like now that all of you guys are going to get girlfriends, 86 00:04:38,080 --> 00:04:39,200 you know, we. Should debatable. 87 00:04:41,440 --> 00:04:42,800 Debatable. I don't think so. 88 00:04:42,800 --> 00:04:46,520 I mean, girls. Girls be gold digging or I guess 89 00:04:46,560 --> 00:04:47,720 what do you call that now? Digging. 90 00:04:47,800 --> 00:04:49,760 SAT Digging SAT. Digging. 91 00:04:49,760 --> 00:04:51,160 Yes. So there's help for you guys 92 00:04:51,160 --> 00:04:52,000 yet? All right. 93 00:04:52,000 --> 00:04:54,600 Anyways, uh, so super happy to have you here. 94 00:04:54,880 --> 00:04:55,640 Always. Great. 95 00:04:55,640 --> 00:04:58,000 Take some selfies. I think she can speak better 96 00:04:58,000 --> 00:05:01,840 than Nico and Opti. So we finally got a professional 97 00:05:01,840 --> 00:05:03,320 on the stream. This is going to be great. 98 00:05:03,680 --> 00:05:06,000 All right, guys, let's get. Regarded, highly regarded. 99 00:05:06,400 --> 00:05:08,840 Highly regarded TM. Highly regarded TM. 100 00:05:08,880 --> 00:05:10,560 Anyways, guys, we've got a good show for you guys. 101 00:05:10,560 --> 00:05:13,280 So sit back, relax. We're going to bring provide the 102 00:05:13,280 --> 00:05:14,600 signal for you. Let's go. 103 00:05:16,240 --> 00:05:19,960 The Bitcoin numbers. Is your Bitcoin and cold storage 104 00:05:19,960 --> 00:05:22,960 really secure? Is your seed phrase really 105 00:05:22,960 --> 00:05:24,520 secure? Stamp seeds? 106 00:05:24,520 --> 00:05:27,200 Do it yourself. Kit has everything you need to 107 00:05:27,200 --> 00:05:31,600 hammer your seed words into commercial grade titanium plates 108 00:05:31,800 --> 00:05:33,800 instead of just writing them on paper. 109 00:05:34,080 --> 00:05:37,280 Don't store your generational wealth on paper. 110 00:05:37,680 --> 00:05:40,240 Papers prone to water damage, fire damage. 111 00:05:40,440 --> 00:05:42,640 You want to put your generational wealth on one of 112 00:05:42,640 --> 00:05:45,760 the strongest metals on planet earth, Titanium. 113 00:05:45,760 --> 00:05:48,960 Your words are actually stamped into this metal plate with this 114 00:05:48,960 --> 00:05:52,360 hammer and these letter stamps. And once your words are in, they 115 00:05:52,360 --> 00:05:55,320 aren't going anywhere. No risk of the plate breaking 116 00:05:55,320 --> 00:05:57,680 apart and pieces falling everywhere. 117 00:05:57,880 --> 00:06:01,120 Titanium stamp seeds will survive nearly triple the heat 118 00:06:01,120 --> 00:06:03,600 produced by a house fire. They're also crush proof, 119 00:06:03,600 --> 00:06:06,280 waterproof, non corrosive, and time proof. 120 00:06:06,280 --> 00:06:08,960 All things that paper is not allowing you to huddle your 121 00:06:08,960 --> 00:06:11,960 Bitcoin with Peace of Mind for the long haul. 122 00:06:12,120 --> 00:06:17,720 Stamp your seed on stamp seed. I jumped the gun on the Bitcoin 123 00:06:17,720 --> 00:06:20,360 while I but scan the QR code. Oh, wrong one too. 124 00:06:20,360 --> 00:06:22,160 Wow, your boy's all over the place today. 125 00:06:22,200 --> 00:06:24,480 Scan the QR code. Damn boy. 126 00:06:24,600 --> 00:06:26,040 And I'll cover this in the culture. 127 00:06:26,040 --> 00:06:28,760 But until then, let's let's plug Bitcoin. 128 00:06:28,760 --> 00:06:32,120 Well, because I just got a message from Adam this morning 129 00:06:32,600 --> 00:06:37,200 and the Bitcoin jackpot is is at 5.5 million Sats guys. 130 00:06:37,400 --> 00:06:44,600 So you have literally under I think it's like 195 blocks until 131 00:06:45,120 --> 00:06:49,280 the jackpot contest is over and you won't be able to win the 132 00:06:49,280 --> 00:06:51,000 stats. But anyways back to Bitcoin. 133 00:06:51,000 --> 00:06:53,640 Well guys, we love the boys over at Bitcoin. 134 00:06:53,640 --> 00:06:55,800 Well it's a Bitcoin only exchange. 135 00:06:55,920 --> 00:06:59,040 It is self custody by default, no VC money and literally no 136 00:06:59,040 --> 00:07:03,040 withdrawals when you take your Bitcoin into custody and they 137 00:07:03,040 --> 00:07:08,240 want your feedback on making it the best self custody Bitcoin 138 00:07:08,240 --> 00:07:12,200 only platform possible. So go talk to Adam, hit him in 139 00:07:12,200 --> 00:07:15,680 the DMS, hit him publicly. They want to get your feedback 140 00:07:15,680 --> 00:07:17,920 and they're constantly listening to your feedback. 141 00:07:17,920 --> 00:07:20,440 I think he told me every two weeks are going to update it and 142 00:07:20,440 --> 00:07:23,160 ship new products and and new features for you guys. 143 00:07:23,160 --> 00:07:28,040 But again, you know the Bitcoin well jackpot guys, 5.5 million 144 00:07:28,160 --> 00:07:33,520 Sats and you will win 69% of that if you are the winner and 145 00:07:33,520 --> 00:07:37,600 then the second winner is 21 and the rest, the 10% will go to a 146 00:07:37,720 --> 00:07:40,840 fund of your choice. So go vote for that on the 147 00:07:40,840 --> 00:07:43,080 Twitterverse. But guys, you are running out of 148 00:07:43,080 --> 00:07:45,720 time. So you need to Sign up today, go 149 00:07:45,720 --> 00:07:51,280 to bitcoinwell.com/contest, sign up, or if you're already a user 150 00:07:51,280 --> 00:07:52,960 then you got to find the rewards tab. 151 00:07:53,200 --> 00:07:55,760 Anyways, they're giving out free Sats for you guys who who 152 00:07:55,760 --> 00:07:58,480 doesn't like free Sats. So let's get into the numbers 153 00:07:58,480 --> 00:08:01,200 guys. As you can tell, my favorite 154 00:08:01,200 --> 00:08:05,200 number is the block height. We are currently at a block 155 00:08:05,200 --> 00:08:13,560 height of 8339, wait 839,803 and the stats per dollar? 156 00:08:13,560 --> 00:08:17,080 We're at 15165 Stats per dollar. Amazing. 157 00:08:17,080 --> 00:08:19,600 Remember when we were all complaining about, you know, 158 00:08:19,600 --> 00:08:22,400 stats being 5000 and when we're going to get under 3000 and 159 00:08:22,400 --> 00:08:24,360 2001? Now it looks like we're getting 160 00:08:24,360 --> 00:08:27,280 closer to under 1000 stats. Man. 161 00:08:27,280 --> 00:08:29,560 Your dollar doesn't go as far as it used to. 162 00:08:29,560 --> 00:08:31,760 Absolutely incredible. Anyways, the Bitcoin price is 163 00:08:31,760 --> 00:08:36,799 currently at $63,900. The percentage of Bitcoin that 164 00:08:36,799 --> 00:08:40,159 will ever be issued is currently at 93.74%. 165 00:08:40,480 --> 00:08:43,880 The market cap in Fiat terms is 1.26 trillion. 166 00:08:44,080 --> 00:08:47,080 I think that's roughly above the silver market cap. 167 00:08:47,080 --> 00:08:50,600 It's holding on above silver. So you know I I I got a few 168 00:08:50,600 --> 00:08:55,240 people talking about silver in my in my Twitter DMS and and 169 00:08:56,040 --> 00:09:00,520 what do you call it mentions the other day Bitcoin is superior to 170 00:09:00,520 --> 00:09:02,840 silver. We don't call it hard money 171 00:09:02,840 --> 00:09:05,040 because it makes a sound when you drop your money and that's 172 00:09:05,040 --> 00:09:07,080 literally what someone was basically saying on Twitter 173 00:09:07,080 --> 00:09:09,960 can't make this up. Anyways, the real inflation 174 00:09:09,960 --> 00:09:13,960 currently at 1.73 taking Fiat currencies of school and that is 175 00:09:13,960 --> 00:09:18,640 going down in roughly 200 blocks actually let me let me update 176 00:09:18,640 --> 00:09:21,240 this so that yeah we get the current block height, the 177 00:09:21,240 --> 00:09:25,520 Bitcoin versus gold market cap, we are at 9.09%, we're not even 178 00:09:25,520 --> 00:09:28,640 at 10% of the gold market cap. So there's still so much room to 179 00:09:28,640 --> 00:09:30,560 run in the hard money games. You just love to see it. 180 00:09:30,840 --> 00:09:36,280 The total public lightning capacity is 4417.68 BTC and the 181 00:09:36,280 --> 00:09:40,200 hash rate the last 90 days is at 588 extra hashes. 182 00:09:40,400 --> 00:09:43,760 The pending fees it's it, it kind of kicked up the last 183 00:09:43,760 --> 00:09:45,960 couple of days. It kicked up a little bit but 184 00:09:45,960 --> 00:09:50,480 we'll I honestly guys I think we might see some crazy stuff on 185 00:09:50,480 --> 00:09:54,560 the having day. So maybe consolidate or wait a 186 00:09:54,560 --> 00:09:57,040 little bit because there's going to be there's going to be a lot 187 00:09:57,040 --> 00:09:58,840 of things happening on the having day with all this 188 00:09:58,840 --> 00:10:01,240 ordinals and whatever this room stuff is. 189 00:10:01,240 --> 00:10:05,040 So fees might get crazy guys. So do not wait till the having 190 00:10:05,040 --> 00:10:07,600 to consolidate maybe give it some time maybe do it today. 191 00:10:07,600 --> 00:10:11,760 Anyways, the pending fees currently is 11.49 BTC at least 192 00:10:12,040 --> 00:10:14,360 to the men pulls that Clark Moody is connected to. 193 00:10:14,600 --> 00:10:17,880 And the biggest number here guys, the blocks to happening, 194 00:10:17,880 --> 00:10:22,280 197 blocks till the happening, let's go. 195 00:10:22,560 --> 00:10:24,680 And of course where it looks like we're not going to hit the 196 00:10:24,680 --> 00:10:28,000 meme date of April 20th, but we're going to hit April 19th, 197 00:10:28,360 --> 00:10:30,800 it's going to be tomorrow. It's going to be in 200 blocks. 198 00:10:30,800 --> 00:10:34,720 It'll be tomorrow at some point, probably in the evening, it who 199 00:10:34,720 --> 00:10:36,440 knows what's going to happen, but I think it's going to be a 200 00:10:36,440 --> 00:10:39,520 late night having, so you know, get your champagne ready if you 201 00:10:39,520 --> 00:10:41,400 want to go. Have fun, have a good time. 202 00:10:41,560 --> 00:10:44,720 Wait, if it's a late night, having that means that it might 203 00:10:44,840 --> 00:10:46,080 be 14. Some people it's. 204 00:10:46,720 --> 00:10:50,720 Going to be 420 in some parts of the world, but for us, I think 205 00:10:50,720 --> 00:10:53,280 it's no, you know. What It's it's it's going to be 206 00:10:53,280 --> 00:10:57,360 420, yeah, in all our hearts. Meme is life and life is meme, 207 00:10:57,840 --> 00:11:01,040 OK? Right guys, time is meme. 208 00:11:01,160 --> 00:11:03,320 It's block height. That's the only time that 209 00:11:03,320 --> 00:11:05,360 matters. Guys, you, you guys are all 210 00:11:05,360 --> 00:11:09,360 Gregorian Maxis and it shows we are, we are time chain Maxis. 211 00:11:09,400 --> 00:11:13,480 All right, guys, So, so I was telling you, today's numbers is 212 00:11:13,480 --> 00:11:16,640 about the halving. Of course everyone's wondering, 213 00:11:16,800 --> 00:11:18,480 but there's still people out there that don't even know what 214 00:11:18,480 --> 00:11:20,400 the halving is. There's people out there that 215 00:11:20,400 --> 00:11:22,360 are wondering what's going to go on with the price. 216 00:11:22,360 --> 00:11:24,280 Is the price going to tank? Is the price going to go up? 217 00:11:24,800 --> 00:11:26,680 It doesn't really matter in the short term. 218 00:11:27,200 --> 00:11:29,200 It might go down. It might go up. 219 00:11:29,240 --> 00:11:30,880 You know, this is Opti's trading group. 220 00:11:30,880 --> 00:11:32,480 Hey, you know, I don't know what's going on. 221 00:11:32,480 --> 00:11:33,680 It might go down. It might go up. 222 00:11:33,720 --> 00:11:36,320 All you need to know is buy some Bitcoin. 223 00:11:36,520 --> 00:11:40,040 But the signal is being spread and you can see here the Graceco 224 00:11:40,040 --> 00:11:43,800 CEO Michael Sun and Shine. I'm butchering your last name. 225 00:11:43,800 --> 00:11:46,320 Sorry. On Bloomberg discovering discuss 226 00:11:46,320 --> 00:11:49,680 discussing the upcoming Bitcoin having this week And you know 227 00:11:49,680 --> 00:11:52,360 very simply if demand for this asset is continuing to increase 228 00:11:52,360 --> 00:11:55,040 but the supply is slowing down. Historically that's been a 229 00:11:55,040 --> 00:11:57,760 tailwind for Bitcoin price. So Bitcoin's becoming the 230 00:11:57,760 --> 00:11:59,520 hardest, soundest money in the world. 231 00:11:59,520 --> 00:12:01,680 It's it kind of. Technically, officially is 232 00:12:01,680 --> 00:12:03,840 already the hardest, soundest money in the world. 233 00:12:04,080 --> 00:12:07,600 But now it will be undeniable. There will be half the amount of 234 00:12:07,600 --> 00:12:09,760 Bitcoin that circulate throughout the day. 235 00:12:09,760 --> 00:12:12,760 Which means, hey, less Bitcoin on the market. 236 00:12:14,200 --> 00:12:16,440 More demand. Number goes up. 237 00:12:16,440 --> 00:12:19,000 We'd love to see it. Someone in the chat or rather on 238 00:12:19,000 --> 00:12:21,880 my D timeline was like, all right, that's cool, hardest 239 00:12:21,880 --> 00:12:23,600 money in the world in one day. What's that mean? 240 00:12:23,600 --> 00:12:26,360 For me, it means number goes up. It's going up forever. 241 00:12:26,360 --> 00:12:27,920 But anyways, let's get the signal here. 242 00:12:27,920 --> 00:12:30,960 And then you know, I, I, I hate to bring a chart for you guys, 243 00:12:30,960 --> 00:12:33,640 but we're going to, we're going to kind of at least give you a 244 00:12:33,640 --> 00:12:36,640 framework for what's going to happen to the price after the 245 00:12:36,640 --> 00:12:38,640 halving. Look towards this Bitcoin 246 00:12:38,640 --> 00:12:40,480 halving. Maybe it'll happen on Friday. 247 00:12:40,480 --> 00:12:41,160 Wait, Wait. Wait. 248 00:12:41,160 --> 00:12:42,200 One second. One second. 249 00:12:42,920 --> 00:12:45,120 What's going on? My audio's acting up over here. 250 00:12:46,760 --> 00:12:48,520 Was that coming through for you? Yeah. 251 00:12:48,960 --> 00:12:51,160 Oh, it seemed like it was coming through my computer. 252 00:12:51,160 --> 00:12:52,240 All right. Anyways, let's go. 253 00:12:52,240 --> 00:12:54,400 Imminent. Usually it's a tailwind for 254 00:12:54,400 --> 00:12:56,960 prices, but are you expecting? Not this time. 255 00:12:56,960 --> 00:12:59,720 Have we already hit the rally, The peak of the Rally for 256 00:12:59,720 --> 00:13:03,760 Bitcoin for 2024? Well, it's great to be here. 257 00:13:03,760 --> 00:13:07,760 Thank you so much for having me. I think for a lot of investors, 258 00:13:08,200 --> 00:13:11,640 especially this Bitcoin having, it's a little bit different this 259 00:13:11,640 --> 00:13:14,120 time around. And I really say that because I 260 00:13:14,120 --> 00:13:17,760 think it's really a function of who and how many investors are 261 00:13:17,760 --> 00:13:21,600 involved in the crypto ecosystem as compared to other havings. 262 00:13:21,800 --> 00:13:24,720 So for a lot of investors, this has been a really important 263 00:13:24,720 --> 00:13:28,440 milestone for them to really revisit the fundamentals of 264 00:13:28,440 --> 00:13:31,200 Bitcoin. The fact that the overall cap of 265 00:13:31,200 --> 00:13:35,120 the Bitcoin token supply issuance will only reach 21 266 00:13:35,120 --> 00:13:38,360 million tokens. On average, new Bitcoin are 267 00:13:38,360 --> 00:13:41,680 mined about every 10 minutes and new Bitcoin coming into 268 00:13:41,680 --> 00:13:46,320 circulation, and about every four years that supply gets cut 269 00:13:46,320 --> 00:13:49,080 in half. So Bitcoin today there's about 270 00:13:49,080 --> 00:13:51,800 19 + 1,000,000 tokens in circulation. 271 00:13:52,000 --> 00:13:55,680 It'll take about the next 120 years for the remaining, you 272 00:13:55,680 --> 00:13:58,680 know, two or so million bitcoins to come online. 273 00:13:58,920 --> 00:14:01,840 And every time we come up to one of these having events, it 274 00:14:01,840 --> 00:14:04,680 really does come back to the fundamentals of supply and 275 00:14:04,680 --> 00:14:06,920 demand. If demand for this asset is 276 00:14:06,920 --> 00:14:10,480 continuing to increase but the supply is slowing down, 277 00:14:10,680 --> 00:14:13,720 historically that has been a tailwind for Bitcoin prices. 278 00:14:13,720 --> 00:14:16,400 So we're just a couple of days away from this next Bitcoin 279 00:14:16,400 --> 00:14:18,440 having. So I think a lot of investors 280 00:14:18,440 --> 00:14:21,360 are eagerly anticipating to see what the market reaction will 281 00:14:21,360 --> 00:14:23,200 be. Let's go. 282 00:14:23,200 --> 00:14:28,400 Absolutely love to see it. I love when corporate legacy 283 00:14:28,400 --> 00:14:32,360 media finally get some good signal out there, and especially 284 00:14:32,360 --> 00:14:34,160 on Bloomberg, like Bloomberg. Yes. 285 00:14:34,520 --> 00:14:37,680 I was about to say if you, if you hear this guy talk, you 286 00:14:37,680 --> 00:14:41,760 would think that he's just like 100% Fiat and like kind of, you 287 00:14:41,760 --> 00:14:45,080 know, not on our side, like definitely doesn't sound like a 288 00:14:45,080 --> 00:14:47,560 bitcoiner. And then you hear what he has to 289 00:14:47,560 --> 00:14:50,240 say and it's like, wow, we finally made it. 290 00:14:50,240 --> 00:14:53,360 We're at, we've arrived. This is finally the moment that 291 00:14:53,360 --> 00:14:55,680 we've been waiting for. We've made it. 292 00:14:55,720 --> 00:14:59,400 I love to see Bloomberg finally get some signal out there. 293 00:14:59,400 --> 00:15:01,960 So they're basically just as bad as the Fiat times. 294 00:15:02,200 --> 00:15:05,560 Anyways, there is this good tweet from Bitwise on Twitter 295 00:15:05,560 --> 00:15:07,480 and it goes. Historically the halving has 296 00:15:07,480 --> 00:15:09,640 been good for bitcoins price long term. 297 00:15:09,960 --> 00:15:12,440 A look at the data, the change in Bitcoin price in the year 298 00:15:12,440 --> 00:15:17,120 following the halving 2012, we had an 8839% increase. 299 00:15:17,320 --> 00:15:23,920 In 2016 we had a 285% increase. In 2020 we had a 548% increase 300 00:15:24,360 --> 00:15:27,040 and then the change in bitcoin's price in the month following the 301 00:15:27,040 --> 00:15:30,880 halving 2012 it was 9%. In 2016 it went down 10%. 302 00:15:31,080 --> 00:15:35,400 In 2020 it went 6%. So the data is limited but the 303 00:15:35,400 --> 00:15:37,200 picture reveals an intriguing pattern. 304 00:15:37,200 --> 00:15:40,400 The market prices in the short term impact of the halving but 305 00:15:40,400 --> 00:15:44,080 underestimate the long term impact and a lot of new people 306 00:15:44,080 --> 00:15:48,600 are coming into Bitcoin and I I even talked with my boy Alex 307 00:15:48,600 --> 00:15:50,040 from Kaboom racks. I'm like, yo, is there going to 308 00:15:50,040 --> 00:15:51,880 be a lot of blood on the streets for the miners? 309 00:15:51,880 --> 00:15:54,280 He's like, I think there might be some blood on the streets. 310 00:15:54,600 --> 00:15:56,560 I even talked from another friend. 311 00:15:56,560 --> 00:15:58,920 He's like man, I even think the men pools are going to get 312 00:15:58,920 --> 00:16:00,800 crazy. We have all this stuff going 313 00:16:00,800 --> 00:16:04,640 about you know ordinals and inscriptions and the fees might 314 00:16:04,640 --> 00:16:09,080 get absolutely insane on that block for the new epoch. 315 00:16:09,440 --> 00:16:12,440 So buckle up guys. It it looks like it might be a 316 00:16:12,480 --> 00:16:14,360 celebration and even I I forget where it was. 317 00:16:14,360 --> 00:16:18,720 Like I think CNBC was basically saying that the halving is like 318 00:16:18,880 --> 00:16:24,000 the World Cup for Bitcoin. So it it seems like now it's 319 00:16:24,000 --> 00:16:25,440 becoming a celebration for the having. 320 00:16:25,440 --> 00:16:27,560 And you know, we just went to El Salvador for a party. 321 00:16:27,560 --> 00:16:30,040 So maybe the world's waking up a little bit to the importance of 322 00:16:30,040 --> 00:16:32,760 the having. And here again, I told you guys 323 00:16:32,760 --> 00:16:35,640 I was going to bring a little chart here and this is not for 324 00:16:35,640 --> 00:16:38,800 price predictions. There's no TA here, It's just to 325 00:16:38,800 --> 00:16:43,600 show you on the chart what has happened to the Bitcoin price 326 00:16:43,600 --> 00:16:45,960 after the halving. So I have them marked here. 327 00:16:45,960 --> 00:16:49,840 The days of the halving you can see here November 12th, and what 328 00:16:49,840 --> 00:16:52,320 did it do? It started to run afterwards, 329 00:16:52,320 --> 00:16:55,000 and that's roughly a year after the halving. 330 00:16:55,000 --> 00:16:58,120 When the price gets a blow off top, it starts to hit new highs 331 00:16:58,480 --> 00:17:00,120 again. It'll go sideways, it hits the 332 00:17:00,120 --> 00:17:02,920 halving, it might dip a little bit and then it starts to make 333 00:17:02,920 --> 00:17:05,480 it to run. And that was July 20, sixteenth 334 00:17:05,839 --> 00:17:10,240 again pretty similar the month, the month after the halving, the 335 00:17:10,240 --> 00:17:13,480 price might kind of consolidate, might go down a little bit, but 336 00:17:13,680 --> 00:17:17,119 it starts to run roughly 12 to 18 months afterwards and we're 337 00:17:17,119 --> 00:17:20,160 seemingly doing the same pattern again. 338 00:17:20,160 --> 00:17:23,760 So you know this month the the, the price kind of went down 339 00:17:23,760 --> 00:17:26,880 finally a red month and next month who knows what's going to 340 00:17:26,880 --> 00:17:28,480 happen, maybe it goes down a little bit. 341 00:17:28,480 --> 00:17:32,160 We saw it's gone historically down maybe you know -10% on the 342 00:17:32,160 --> 00:17:35,560 monthly close or maybe it goes up 10% on the monthly close. 343 00:17:35,560 --> 00:17:39,360 So maybe we just go a little sideways, but historically, 12 344 00:17:39,360 --> 00:17:42,880 to 18 months after the halving, the price starts to make 345 00:17:42,880 --> 00:17:47,440 absolutely new incredible highs, which is why I had to put the 346 00:17:47,440 --> 00:17:49,960 sailor mean here, guys, it's going up forever. 347 00:17:50,120 --> 00:17:52,640 So what's going to happen to the Bitcoin price again? 348 00:17:52,640 --> 00:17:54,040 Like people are trolling me in the chat. 349 00:17:54,360 --> 00:17:55,960 I don't know. No one knows what's going to 350 00:17:55,960 --> 00:17:59,560 happen after the halving. All we know is that Bitcoin is 351 00:17:59,560 --> 00:18:02,800 becoming scarcer. There's going to be less Bitcoin 352 00:18:02,960 --> 00:18:06,320 being circulated daily in block subsidies. 353 00:18:06,320 --> 00:18:09,880 It's going to get cut. I think right now, if if my math 354 00:18:09,880 --> 00:18:13,680 is correct and I remember, it's like 990 a day, so we'll get cut 355 00:18:13,680 --> 00:18:16,880 down to about 400 a day, which means that the supply is 356 00:18:16,880 --> 00:18:20,600 becoming more scarce. It's going to officially be the 357 00:18:20,600 --> 00:18:23,160 hardest money or synthetic money. 358 00:18:23,160 --> 00:18:26,440 However you want to frame this in the world, roughly gold is 359 00:18:26,440 --> 00:18:29,240 around 2% a year. Inflation rate, we're roughly 360 00:18:29,240 --> 00:18:31,000 around that right now with Bitcoin. 361 00:18:31,000 --> 00:18:33,520 Yes, it's lower than that and now it's going to get cut in 362 00:18:33,520 --> 00:18:35,200 half. So what's this mean? 363 00:18:35,240 --> 00:18:40,960 Less supply with more demand equals number has to respond and 364 00:18:40,960 --> 00:18:44,640 as we're saying, we might be seeing some bloodbath in regards 365 00:18:44,640 --> 00:18:47,960 to the miners right now. So I think we will see some 366 00:18:47,960 --> 00:18:50,920 fireworks guys. But for you guys at home, what's 367 00:18:50,920 --> 00:18:53,800 it mean? It means stack Sats, continue to 368 00:18:53,800 --> 00:18:55,560 stack Sats. We might get a buying 369 00:18:55,560 --> 00:18:58,000 opportunity. But either way, I think in the 370 00:18:58,000 --> 00:19:01,200 next 12 to 18 months, this is the cheapest Bitcoin will ever 371 00:19:01,200 --> 00:19:03,120 be. So do not take your foot off the 372 00:19:03,120 --> 00:19:05,880 gas. We know one thing number will go 373 00:19:05,880 --> 00:19:08,080 up. It's it's mathematically 374 00:19:08,080 --> 00:19:10,360 algorithmically defined at this point. 375 00:19:10,360 --> 00:19:14,080 So hey, for you guys out there, don't complicate this. 376 00:19:14,080 --> 00:19:17,360 It just means less bitcoins coming out on the market and 377 00:19:17,360 --> 00:19:21,200 usually 12 to 18 months after the halving the price starts to 378 00:19:21,200 --> 00:19:23,120 run. So it looks like we might be in 379 00:19:23,120 --> 00:19:27,120 for a year of nothing but green candles boys and girls. 380 00:19:27,120 --> 00:19:29,520 So just absolutely love to see it man. 381 00:19:29,520 --> 00:19:32,200 It feels it's so much better being on a on a Bitcoin having 382 00:19:32,200 --> 00:19:34,520 and life's so much better on the Bitcoin having anyway. 383 00:19:34,520 --> 00:19:38,320 So what's your thoughts on this? Life is so much better on a bull 384 00:19:38,720 --> 00:19:40,040 year. Wait, wait. 385 00:19:40,040 --> 00:19:42,520 It has this common top roller, so half the price in every 386 00:19:42,520 --> 00:19:43,920 wallet gets halved? What? 387 00:19:44,600 --> 00:19:47,280 No. It would be interesting to see 388 00:19:47,280 --> 00:19:50,800 how much exposure has changed from previous years to this one, 389 00:19:50,800 --> 00:19:56,560 because as we know, the ETF has been huge in getting people 390 00:19:56,560 --> 00:19:59,240 exposed to Bitcoin, buying Bitcoin for the first time. 391 00:19:59,240 --> 00:20:02,400 Even though it's not really Bitcoin, still it's getting 392 00:20:02,400 --> 00:20:05,520 people to even just like understand what the having is 393 00:20:05,520 --> 00:20:09,040 and be interested in what it is because they never really gave a 394 00:20:09,040 --> 00:20:11,960 shit before because their financial advisor never put it 395 00:20:11,960 --> 00:20:15,280 on the table. I wonder why it's still not, you 396 00:20:15,280 --> 00:20:18,520 know, the greatest. They're not really incentivized 397 00:20:18,520 --> 00:20:21,800 to do it, but they have to because that's, you know, where 398 00:20:21,800 --> 00:20:23,800 the financial institutions are going. 399 00:20:24,360 --> 00:20:25,960 But either way, it's interesting. 400 00:20:25,960 --> 00:20:30,440 It would be interesting to know how that exposure is going to 401 00:20:30,440 --> 00:20:33,680 change the price immediately after, because we're all 402 00:20:33,680 --> 00:20:36,880 expecting a little bit of a dip, which I'm expecting a little bit 403 00:20:36,880 --> 00:20:38,520 of a dip. I hope it does so that I can 404 00:20:38,520 --> 00:20:42,200 stack more Sats it. It would just be interesting to 405 00:20:42,200 --> 00:20:46,880 see how the exposure now has changed, what that could 406 00:20:46,880 --> 00:20:48,800 potentially mean after the halving. 407 00:20:49,560 --> 00:20:51,960 But it doesn't really matter. The price doesn't really matter. 408 00:20:51,960 --> 00:20:54,160 All we know is that it's going up forever, Laura. 409 00:20:54,400 --> 00:20:59,240 And whether it dips 10% or it goes up, you just have to keep 410 00:20:59,320 --> 00:21:01,960 buying Bitcoin. My mom's in the chat, guys, 411 00:21:01,960 --> 00:21:04,880 She's saying that my grandma's even buying Bitcoin. 412 00:21:04,880 --> 00:21:09,520 So if your grandma isn't buying Bitcoin, I don't know what to 413 00:21:09,520 --> 00:21:10,800 tell you. Mine is cooler than yours. 414 00:21:11,120 --> 00:21:12,600 Let's go. Let's go. 415 00:21:12,600 --> 00:21:14,280 Yeah. And and just to, I guess to 416 00:21:14,280 --> 00:21:18,520 clarify, when some hack says maybe I didn't, I misspoke a 417 00:21:18,520 --> 00:21:20,240 little bit. So the existing Bitcoin doesn't 418 00:21:20,240 --> 00:21:22,880 change, just the amount of new Bitcoin being created. 419 00:21:22,880 --> 00:21:25,120 This is exactly on point. And then there's one more 420 00:21:25,120 --> 00:21:27,720 comment here that I do want to touch on. 421 00:21:27,960 --> 00:21:29,960 Let me see if I can find it real quick. 422 00:21:30,720 --> 00:21:33,680 BTC believer goes, oh wait, wrong one, wrong one. 423 00:21:33,680 --> 00:21:38,200 It was this one. Just less reward for the work, 424 00:21:38,200 --> 00:21:40,080 Yes. So there's going to be less 425 00:21:40,080 --> 00:21:44,760 Bitcoin being released daily and more supply, which means 426 00:21:44,760 --> 00:21:46,520 literally the price has to go up. 427 00:21:46,520 --> 00:21:49,720 And This is why, as Bitcoiners, we always say, and we got the 428 00:21:49,720 --> 00:21:52,480 sailor meme here of it's going up forever. 429 00:21:52,480 --> 00:21:55,560 This is Bitcoin economics playing out in real time. 430 00:21:55,560 --> 00:21:58,200 This is why you want to huddle. This is why you don't want to 431 00:21:58,200 --> 00:22:00,240 trade Bitcoin, because no one really knows what's going on 432 00:22:00,240 --> 00:22:03,400 with the price. If you end up trying to trade 433 00:22:03,400 --> 00:22:05,880 your Bitcoin, you might end up with less Bitcoin. 434 00:22:05,880 --> 00:22:07,920 So the name of the game is accumulation. 435 00:22:07,920 --> 00:22:10,040 The name of the game is Hungry Hippo with Bitcoin. 436 00:22:10,360 --> 00:22:13,840 This is going to be probably the the last great buying 437 00:22:13,840 --> 00:22:15,360 opportunity for you guys out there. 438 00:22:15,360 --> 00:22:17,360 So you want to continue to stack them. 439 00:22:17,360 --> 00:22:20,880 SATS guys just continue to stack SATS continue to take Bitcoin 440 00:22:20,880 --> 00:22:23,880 into custody. And this is how you win guys. 441 00:22:23,880 --> 00:22:27,720 This is literally it's this easy it it don't complicate things 442 00:22:27,960 --> 00:22:30,680 and and I'll talk about that in the culture what's the best way 443 00:22:30,680 --> 00:22:32,000 to take your Bitcoin into custody. 444 00:22:32,000 --> 00:22:34,880 But until then guys let's get into the news let's let's talk 445 00:22:34,880 --> 00:22:36,080 about El Salvador for a little bit. 446 00:22:36,080 --> 00:22:36,920 Wait, wait. Wait, wait, wait, wait, wait. 447 00:22:36,920 --> 00:22:40,240 There's someone in the chat. So if I'm literally a grandpa in 448 00:22:40,240 --> 00:22:43,280 this chat, stacking stats. Also, is your grandma single 449 00:22:43,280 --> 00:22:46,000 yet? Yes, she is. 450 00:22:46,160 --> 00:22:53,400 She only speaks Spanish, though. So yeah, my mom was literally on 451 00:22:53,440 --> 00:22:55,880 a show with my grandmother called. 452 00:22:55,960 --> 00:22:59,400 I want to marry my mother. So we're looking. 453 00:22:59,400 --> 00:23:00,880 We're looking. Interesting. 454 00:23:00,880 --> 00:23:04,240 All right, boys. So I guess, I guess I'm not the 455 00:23:04,280 --> 00:23:06,000 only one with the Gilson. Boomer. 456 00:23:06,000 --> 00:23:09,160 Even the Boomer bitcoiners are gonna be getting girlfriends. 457 00:23:10,320 --> 00:23:12,880 Oh, my goodness. Your girlfriend's going to get a 458 00:23:12,880 --> 00:23:14,600 girlfriend. That's that's where we're going 459 00:23:14,600 --> 00:23:16,440 here, guys. Oh, my God. 460 00:23:16,480 --> 00:23:18,400 All right, one last comment and then let's get to the news. 461 00:23:18,400 --> 00:23:20,920 So Andrew Williams goes, I would expect the hash rate to drop a 462 00:23:20,920 --> 00:23:24,040 little and the men pull to get bigger, then slowly reach an 463 00:23:24,040 --> 00:23:25,520 equilibrium. Yes, exactly. 464 00:23:25,520 --> 00:23:27,760 That's exactly what's most likely going to happen. 465 00:23:27,960 --> 00:23:32,040 But also, there is a lot of things happening on block 466 00:23:32,040 --> 00:23:35,040 840,000. So I I don't know if you guys 467 00:23:35,040 --> 00:23:38,440 been following on Twitter, but apparently they're going to do 468 00:23:38,440 --> 00:23:40,920 some inscriptions. Ordinal seeing about the first 469 00:23:40,920 --> 00:23:44,840 SAT from the new epoch, some I think they call it rare epic 470 00:23:44,840 --> 00:23:48,000 sats or something like that. So there might be some 471 00:23:48,000 --> 00:23:52,360 contention in regards to that first block and then some. 472 00:23:52,360 --> 00:23:55,920 I I'm not fully aware of what this is but I've I've been 473 00:23:55,920 --> 00:23:58,920 hearing some hints they're going to activate something called 474 00:23:58,920 --> 00:24:02,480 runes which is basically some D Gen. shit coinery on top of 475 00:24:02,480 --> 00:24:04,760 Bitcoin. So the first block might get 476 00:24:04,760 --> 00:24:06,800 very interesting. We might see some interesting, 477 00:24:06,800 --> 00:24:11,360 interesting happen on that 840,000 block, which means we 478 00:24:11,360 --> 00:24:15,320 might be seeing some incredibly high fees on that block. 479 00:24:15,520 --> 00:24:17,240 But yeah, we'll find an equilibrium. 480 00:24:17,240 --> 00:24:19,640 Guys, don't freak out. Bitcoins going to work exactly 481 00:24:19,640 --> 00:24:21,800 as designed is a feature, not a bug. 482 00:24:22,040 --> 00:24:25,560 But on that? Now let's get into the news. 483 00:24:28,040 --> 00:24:32,040 The Daily News. I want to give a shout out to 484 00:24:32,040 --> 00:24:36,360 our sponsor, Foundation Devices. It's self custody done right. 485 00:24:36,400 --> 00:24:39,960 They built a premium grade hardware wallet called Passport 486 00:24:40,160 --> 00:24:43,040 right here in the US. It's fully open source and 487 00:24:43,040 --> 00:24:45,720 verifiable. It's the most intuitive Bitcoin 488 00:24:45,720 --> 00:24:49,600 wallet designed with the UX, reminiscent of a simple feature 489 00:24:49,600 --> 00:24:52,440 phone so you will know how to navigate it and use it the 490 00:24:52,440 --> 00:24:55,760 moment you pick it up. Get your Bitcoin off exchanges 491 00:24:55,760 --> 00:24:58,480 and into your into your own hands in just a few minutes. 492 00:24:58,480 --> 00:25:01,520 Experience the Peace of Mind that comes with taking ownership 493 00:25:01,560 --> 00:25:04,520 of your own keys. After a massive sell out during 494 00:25:04,520 --> 00:25:08,520 Bitcoin Miami 2023, the passport is back in stock at 495 00:25:08,520 --> 00:25:12,240 foundationdevices.com. Bitcoin only, open source, 496 00:25:12,240 --> 00:25:16,200 Verifiable completely air gap security model, gorgeous design, 497 00:25:16,200 --> 00:25:19,520 craft premium grade materials. If you're thinking about getting 498 00:25:19,520 --> 00:25:22,160 your Bitcoin off exchange changes, this is the one for 499 00:25:22,160 --> 00:25:24,200 you. Check out the passport link in 500 00:25:24,200 --> 00:25:26,200 the show notes below to learn more. 501 00:25:27,320 --> 00:25:31,800 Lexi's in the chat. Yo, Dude, I thought you left. 502 00:25:31,840 --> 00:25:32,720 I thought you were. Leaving. 503 00:25:32,720 --> 00:25:36,160 I had to go get my beard cut and stuff. 504 00:25:36,160 --> 00:25:40,160 But anyways guys, get yourself a passport by foundation devices. 505 00:25:40,720 --> 00:25:44,080 Not your keys, not your Bitcoin. I want to take self custody has 506 00:25:44,080 --> 00:25:45,720 Snake on it. Completely open source, 507 00:25:45,760 --> 00:25:48,800 absolutely beautiful. It pairs with the Envoy app, and 508 00:25:48,800 --> 00:25:56,400 it's extremely easy to use. You look so good. 509 00:25:56,440 --> 00:25:59,960 I'm dead, yo. I love the guest appearance ad 510 00:25:59,960 --> 00:26:00,840 Reed. Yeah. 511 00:26:01,280 --> 00:26:03,080 Anyways, anyways, I'm not going to. 512 00:26:03,080 --> 00:26:05,680 I'm not going to throw Nika live any more than I have news. 513 00:26:06,200 --> 00:26:08,160 Yeah, we're on the news. We're on the news, yo. 514 00:26:09,960 --> 00:26:11,960 All right, all right, all right, all right, guys. 515 00:26:12,000 --> 00:26:15,800 Anyways, Sophie, the the chat is losing it right now for for that 516 00:26:15,800 --> 00:26:18,040 comment. So maybe, maybe go check out the 517 00:26:18,040 --> 00:26:20,640 chat they're they're getting. Yeah, they're they're going, 518 00:26:20,640 --> 00:26:23,160 they're going Ham in the chat. Anyways, guys, let's cover the 519 00:26:23,160 --> 00:26:25,280 news today. So we had this big announcement 520 00:26:25,280 --> 00:26:28,200 coming out of El Salvador. Naive Buchelli tweeted this. 521 00:26:28,200 --> 00:26:33,360 This was April 16th at 9:00 PM. He basically there's a video 522 00:26:33,360 --> 00:26:35,040 here, but here. Actually, I'll. 523 00:26:35,040 --> 00:26:37,200 I'll play this without the sound so you guys can kind of see it. 524 00:26:37,440 --> 00:26:40,440 But Google officially inaugurates its office in El 525 00:26:40,440 --> 00:26:41,840 Salvador. There's a speech here. 526 00:26:41,840 --> 00:26:43,880 I I really like this building. It looks beautiful. 527 00:26:43,880 --> 00:26:48,000 It I honestly like, I think objectively a good building with 528 00:26:48,000 --> 00:26:52,000 the big Google sign over there. And I I think this really goes 529 00:26:52,000 --> 00:26:53,280 to show what I what I said in the beginning. 530 00:26:53,280 --> 00:26:57,480 We talked about this constantly in regards to the incentives of 531 00:26:57,480 --> 00:27:00,440 Bitcoin, the incentives of entrepreneurship, the incentives 532 00:27:00,440 --> 00:27:03,720 of a government treating its citizens correctly and 533 00:27:03,720 --> 00:27:07,000 incentivizing business. And we're seeing that Google 534 00:27:07,000 --> 00:27:10,240 finally gives a nod to El Salvador, and now they're 535 00:27:10,240 --> 00:27:13,000 inaugurating an office in El Salvador. 536 00:27:13,320 --> 00:27:16,080 And it's absolutely beautiful and you just love to see that. 537 00:27:16,080 --> 00:27:21,720 Look, El Salvador is is a tiny country and they're attracting 538 00:27:21,840 --> 00:27:26,160 entrepreneurs to their country and they really are the the, 539 00:27:26,480 --> 00:27:28,520 the, what's it, the shining city on the hill. 540 00:27:28,720 --> 00:27:33,040 They are really, I think proving to the world that there is an 541 00:27:33,040 --> 00:27:36,160 alternative way. And if you do things well, then 542 00:27:36,160 --> 00:27:37,920 people will want to go there anyways. 543 00:27:37,920 --> 00:27:40,360 I got the tweet, the official announcement from Google 544 00:27:40,360 --> 00:27:42,360 Spanish. She goes, hello El Salvador, We 545 00:27:42,360 --> 00:27:45,480 are excited to announce the opening of a new office in San 546 00:27:45,480 --> 00:27:47,280 Salvador. We are excited decided to be 547 00:27:47,280 --> 00:27:49,480 part of this journey and contribute to the digital 548 00:27:49,480 --> 00:27:52,800 transformation of the country. This way we will work together 549 00:27:52,800 --> 00:27:55,440 to create a better future for everyone. 550 00:27:55,440 --> 00:27:58,360 In alliance with civil society organizations, Google will 551 00:27:58,360 --> 00:28:02,760 provide technical and financial support of $200,000 to startups 552 00:28:02,760 --> 00:28:05,480 in El Salvador in order to provide them with the tools they 553 00:28:05,480 --> 00:28:09,080 need to start and booth boost the growth of their business. 554 00:28:09,240 --> 00:28:12,960 We welcome you to Growth Digital LA as our new media sales 555 00:28:12,960 --> 00:28:16,120 representatives in El Salvador who will provide local support, 556 00:28:16,120 --> 00:28:19,480 strategic advice, optimization, recommendations and specialized 557 00:28:19,480 --> 00:28:22,160 training in the country. As part of this agreement signed 558 00:28:22,160 --> 00:28:27,000 in 2023 between Google Cloud and the Government of El Salvador, 559 00:28:27,000 --> 00:28:31,280 we have made progress in 1/3 or in the creation of simplified 560 00:28:31,280 --> 00:28:34,640 and automated digital ecosystem that transform areas such as 561 00:28:34,640 --> 00:28:37,400 import, export, health and more. The development of A the 562 00:28:37,400 --> 00:28:41,240 telemedicine platform that takes advantage of the generative AI 563 00:28:41,240 --> 00:28:44,480 to make medical care more accessible for Salvadorians and 564 00:28:44,480 --> 00:28:47,320 providing students and training public school teachers in Google 565 00:28:47,480 --> 00:28:50,240 workspace for education. These are just our first steps 566 00:28:50,240 --> 00:28:53,960 in El Salvador to contribute to the digital transformation not 567 00:28:53,960 --> 00:28:55,760 only of the country but of the region. 568 00:28:56,040 --> 00:29:02,120 So as we have here this is Deputado that the assembly as 569 00:29:02,400 --> 00:29:06,400 semblance of El Salvador Williams Soriano and he goes El 570 00:29:06,400 --> 00:29:09,040 Salvador has become Google's first technology hub for Central 571 00:29:09,040 --> 00:29:10,000 America. Welcome. 572 00:29:10,400 --> 00:29:13,200 It's just it's it's absolutely awesome to see. 573 00:29:13,840 --> 00:29:17,920 You know El Salvador put itself on the map when it made Bitcoin 574 00:29:17,920 --> 00:29:20,360 legal tender. There's been a lot of contention 575 00:29:20,360 --> 00:29:21,800 about them cleaning up the streets. 576 00:29:21,800 --> 00:29:25,840 It's becoming the safest country in all of the Americas. 577 00:29:26,200 --> 00:29:29,880 And now they're attracting some of the biggest tech companies to 578 00:29:30,000 --> 00:29:32,920 their little country. And you just love to see it. 579 00:29:32,920 --> 00:29:35,640 And I know, I know what bitcoiners are going to say, you 580 00:29:35,640 --> 00:29:38,880 know, like it's Google, don't trust Google. 581 00:29:38,880 --> 00:29:42,560 They might be part of the part of the problem, but you just 582 00:29:42,560 --> 00:29:46,960 love to see that even they are incentivized to give a nod to El 583 00:29:46,960 --> 00:29:50,240 Salvador and be like, OK, there's actually something going 584 00:29:50,240 --> 00:29:52,120 on here. Will it last? 585 00:29:52,120 --> 00:29:57,400 Only time will tell, but it is, I think, signal to the idea that 586 00:29:57,400 --> 00:29:59,840 we talk about here all the time, the sovereign individual thesis. 587 00:30:00,320 --> 00:30:04,360 If your government treats you well, it will attract capital, 588 00:30:04,360 --> 00:30:07,440 it will attract entrepreneurs, it will attract businesses. 589 00:30:07,680 --> 00:30:10,960 And if you contrast that to what we're seeing in the UK or the 590 00:30:11,280 --> 00:30:14,200 US, where they're literally doing the opposite, where they 591 00:30:14,200 --> 00:30:17,320 are stopping entrepreneurs, they're hampering businesses, 592 00:30:17,320 --> 00:30:21,320 they're trying to control capital and people are, you 593 00:30:21,320 --> 00:30:24,400 know, looking to move and you're seeing that happen in real time. 594 00:30:24,600 --> 00:30:27,800 But I really want to jump on this right here and we've talked 595 00:30:27,800 --> 00:30:29,320 about this in the past. I'm over here on 596 00:30:29,320 --> 00:30:32,880 tradingeconomics.com and just talk about the GDP of El 597 00:30:32,880 --> 00:30:36,360 Salvador. In 20/22, it was 32.49 billion. 598 00:30:36,360 --> 00:30:39,800 Now it's roughly around 33.14 billion. 599 00:30:40,120 --> 00:30:43,480 And they're attracting Google, one of the biggest companies in 600 00:30:43,480 --> 00:30:45,600 the world. Here's Alphabet Inc, their 601 00:30:45,600 --> 00:30:47,360 stock, the mother company of Google. 602 00:30:47,600 --> 00:30:50,840 It has a market cap of $1.96 trillion. 603 00:30:50,840 --> 00:30:53,560 It's bigger than Bitcoin is currently today. 604 00:30:54,200 --> 00:30:56,600 And they're looking at a tiny country and they're like, yeah, 605 00:30:56,600 --> 00:30:58,840 like we're going to incorporate there. 606 00:30:59,000 --> 00:31:01,000 We're going to set up shop in El Salvador. 607 00:31:01,160 --> 00:31:03,680 We're going to bring innovation to Central America. 608 00:31:03,680 --> 00:31:05,840 And again, you guys, you know, you guys can fight it all you 609 00:31:05,840 --> 00:31:08,920 want, but you just love to see that the incentive stay pure. 610 00:31:09,160 --> 00:31:11,480 And if the incentive stay pure in your country, then you will 611 00:31:11,480 --> 00:31:13,800 attract capital, you will attract businesses, you will 612 00:31:13,800 --> 00:31:17,840 attract entrepreneurs. And El Salvador is really a 613 00:31:17,840 --> 00:31:20,200 blueprint for what's going on in the world. 614 00:31:20,200 --> 00:31:23,960 Hence why we see so much hate spewed at El Salvador because 615 00:31:23,960 --> 00:31:26,920 they're afraid of what is going on in El Salvador. 616 00:31:27,120 --> 00:31:31,120 But this really makes you think, and we are a Bitcoin show after 617 00:31:31,120 --> 00:31:34,480 all, What exactly is Google's playbook here? 618 00:31:34,760 --> 00:31:38,040 Are they trying to, you know, add intelligence agencies down 619 00:31:38,040 --> 00:31:39,280 in El Salvador and control the things? 620 00:31:39,320 --> 00:31:41,400 I don't know, you can get tinfoil had all you want. 621 00:31:41,680 --> 00:31:44,640 Are they giving a nod to El Salvador of the fact that they 622 00:31:44,640 --> 00:31:47,360 went on a Bitcoin standard? Are they just seeing the 623 00:31:47,360 --> 00:31:49,960 innovation, They're seeing the entrepreneurship, they're seeing 624 00:31:49,960 --> 00:31:53,520 the business attraction to El Salvador and wanting to be a 625 00:31:53,520 --> 00:31:55,280 part of that? Who really knows. 626 00:31:55,280 --> 00:31:58,920 But there was some signal out there from Max Kaiser and you 627 00:31:58,920 --> 00:32:02,040 can see Alphabet Inc over here, you know, they got total assets 628 00:32:02,040 --> 00:32:05,640 of $402,000,000. That's what they're holding, its 629 00:32:05,640 --> 00:32:08,080 total assets. And you know, you got Kaiser 630 00:32:08,080 --> 00:32:09,440 over here. It's like, welcome to Bitcoin 631 00:32:09,440 --> 00:32:11,720 country, Google, no shit. Coins allowed. 632 00:32:11,880 --> 00:32:14,560 I see you have a lot of trashy Fiat money on your balance 633 00:32:14,560 --> 00:32:16,320 sheet. You realize all this garbage 634 00:32:16,320 --> 00:32:18,520 goes to zero against Bitcoin, right? 635 00:32:18,800 --> 00:32:20,800 And so I googled this a little bit. 636 00:32:20,800 --> 00:32:24,360 I'm on macotrends.net and you can see that as of December 637 00:32:24,360 --> 00:32:32,800 31st, 2023, Google has $110 billion in cash with A2 per 2.5% 638 00:32:32,800 --> 00:32:37,280 decline year over year. So again, I I can't do mass, I 639 00:32:37,280 --> 00:32:43,240 can't do quick mass. But losing 2.5% of $110 billion 640 00:32:43,240 --> 00:32:46,840 is a sizable chunk of money that they are losing and purchasing 641 00:32:46,840 --> 00:32:50,640 power. So it just goes to show what 642 00:32:50,640 --> 00:32:52,600 exactly is their intentions here. 643 00:32:52,760 --> 00:32:56,160 Are they trying to just get some some foothold in Central 644 00:32:56,160 --> 00:32:58,120 America? They're trying to innovate as 645 00:32:58,120 --> 00:33:01,160 they were saying, you know transform El Salvador digitally. 646 00:33:01,360 --> 00:33:04,600 They're trying to add education. I I think I saw in that video 647 00:33:04,600 --> 00:33:09,880 that Naibukali was saying that every kid now has a Google iPad, 648 00:33:09,880 --> 00:33:12,560 a a Google computer to to improve education. 649 00:33:12,560 --> 00:33:17,240 They want to improve the the healthcare, they want to add and 650 00:33:17,240 --> 00:33:19,160 update the infrastructure down there. 651 00:33:19,160 --> 00:33:23,880 So it is, I think on the one hand a beautiful development to 652 00:33:23,880 --> 00:33:27,160 the idea that if you are an entrepreneur or country, if you 653 00:33:27,160 --> 00:33:30,080 can attract capital, if you can attract business and you can 654 00:33:30,280 --> 00:33:34,280 build a country with the right incentives that you will attract 655 00:33:34,280 --> 00:33:37,920 the richest people in the world. And here we are, yes, the El 656 00:33:37,920 --> 00:33:39,360 Salvador, it's a recent development. 657 00:33:39,360 --> 00:33:42,320 Who knows if this is going to have foothold, who knows how 658 00:33:42,320 --> 00:33:45,120 long El Salvador can continue to innovate. 659 00:33:45,520 --> 00:33:49,200 But the more tech companies that get attracted to Bitcoin, the 660 00:33:49,200 --> 00:33:53,960 more you will see that they will be on track to becoming the the 661 00:33:53,960 --> 00:33:57,760 tech hub of Central America. And again, let's not forget, you 662 00:33:57,760 --> 00:34:00,080 know, El Salvador's GDP is $32 billion. 663 00:34:00,120 --> 00:34:03,400 Like Elon Musk could buy El Salvador like 6 times over. 664 00:34:03,840 --> 00:34:09,520 You know, Google can buy El Salvador a few times over, but 665 00:34:09,520 --> 00:34:12,159 they want to align with with El Salvador and what they're 666 00:34:12,159 --> 00:34:14,400 building, which I think just goes to show which a lot of the 667 00:34:14,400 --> 00:34:17,239 things we talk about here. When you have a strong leader, 668 00:34:17,320 --> 00:34:19,760 when you have a leader with vision, when you have a country 669 00:34:19,760 --> 00:34:23,560 that wants to incentivize production and entrepreneurship, 670 00:34:23,840 --> 00:34:26,560 good things come out of that. And we've been talking about 671 00:34:26,560 --> 00:34:30,960 that constantly on this show that the incentives right now, 672 00:34:30,960 --> 00:34:35,440 the way you see them in America, it's starting to hamper the the 673 00:34:35,440 --> 00:34:37,679 not only the individual but the country. 674 00:34:37,840 --> 00:34:39,719 And you want to attract entrepreneurs. 675 00:34:39,719 --> 00:34:42,080 This is why Nico always says constantly like, oh, we might 676 00:34:42,080 --> 00:34:44,120 have to leave America when I'm like we're never leaving 677 00:34:44,120 --> 00:34:45,960 America. I don't know what you're talking 678 00:34:45,960 --> 00:34:48,000 about. America's still the best country 679 00:34:48,000 --> 00:34:49,239 in the world. As far as I'm concerned. 680 00:34:49,239 --> 00:34:50,760 It's still the richest country in the world. 681 00:34:51,120 --> 00:34:53,239 But everyone is seeing the same thing. 682 00:34:54,120 --> 00:34:57,720 If you are holding cash, you are losing value. 683 00:34:58,200 --> 00:35:02,680 And imagine being Google right now, you are incorporating in El 684 00:35:02,680 --> 00:35:05,160 Salvador. There's got to at the very least 685 00:35:05,160 --> 00:35:07,640 be some conversations about the Bitcoin standard. 686 00:35:07,640 --> 00:35:10,720 Maybe it's a flippant conversation, but it's on their 687 00:35:10,720 --> 00:35:13,920 radar. And hey, if Google takes a 688 00:35:13,920 --> 00:35:19,280 percentage of their cash balance goes into Bitcoin, not only will 689 00:35:19,280 --> 00:35:23,560 their cash balance improve, but that will also be one of those 690 00:35:23,720 --> 00:35:27,480 maturing moments in Bitcoin. It will be another nod to 691 00:35:27,480 --> 00:35:30,000 Bitcoin. Again, we don't necessarily need 692 00:35:30,000 --> 00:35:33,200 all these tech investors. We don't really need Wall Street 693 00:35:33,200 --> 00:35:37,560 to come into Bitcoin, but it will go a long way to the normie 694 00:35:37,560 --> 00:35:41,480 mind out there that, oh wow, Bitcoin maybe is a mature asset. 695 00:35:41,480 --> 00:35:43,040 Maybe it is something I need to buy. 696 00:35:43,040 --> 00:35:45,720 Maybe it is something I need to hold on my balance sheet and 697 00:35:45,720 --> 00:35:49,400 slowly but surely we will get to the point where everyone and 698 00:35:49,400 --> 00:35:51,040 their mother starts to use Bitcoin. 699 00:35:51,040 --> 00:35:53,400 We're we're almost there, Sophie, Sophie's already on 700 00:35:53,400 --> 00:35:54,880 this. So anyway, so what's your 701 00:35:54,880 --> 00:35:56,840 thoughts? And then I think I might might 702 00:35:56,840 --> 00:36:00,960 look at some some chats here. You know, on one hand, I think 703 00:36:00,960 --> 00:36:04,600 it's kind of sad that it takes a company like Google, who has 704 00:36:05,720 --> 00:36:10,520 invaded all of our privacies and sold our data to the government, 705 00:36:10,520 --> 00:36:13,760 etcetera, etcetera, that it takes a company like that 706 00:36:13,840 --> 00:36:17,800 powerful to incentivize the normies to buy Bitcoin. 707 00:36:18,000 --> 00:36:19,920 And unfortunately, that is the truth. 708 00:36:19,920 --> 00:36:24,640 Companies like this legitimize Bitcoin to the average 709 00:36:24,640 --> 00:36:26,960 individual. To everybody else that has been 710 00:36:26,960 --> 00:36:31,480 stacking Bitcoin, it's like kind of SUS because it's it's it's 711 00:36:31,480 --> 00:36:33,440 Google. It's somebody who again has 712 00:36:33,440 --> 00:36:36,280 invaded your privacy, who hasn't done right by you. 713 00:36:36,280 --> 00:36:42,240 But as a line said in the chat, does Bitcoin fix Google? 714 00:36:42,240 --> 00:36:46,240 Does Bitcoin fix the incentives that Google has? 715 00:36:46,520 --> 00:36:50,800 Is Google trying to get orange pilled or did they get orange 716 00:36:50,800 --> 00:36:52,520 peeled? Is that the real reason that 717 00:36:52,520 --> 00:36:56,000 they're in El Salvador? Personally, I think that Google 718 00:36:56,000 --> 00:37:00,280 sees an opportunity for El Salvador to be the next Silicon 719 00:37:00,280 --> 00:37:03,560 Valley in Central America. Maybe they're trying to bring 720 00:37:03,600 --> 00:37:07,080 other tech companies into El Salvador and they just want to 721 00:37:07,080 --> 00:37:09,720 have the first footing in El Salvador. 722 00:37:09,920 --> 00:37:13,560 So it could be a multiple, a multitude of reasons. 723 00:37:13,560 --> 00:37:17,880 It could be the the fact that El Salvador has become the safest 724 00:37:17,880 --> 00:37:22,880 country in Central America. But one thing for sure is that 725 00:37:22,880 --> 00:37:25,920 Bitcoin is somewhere in the fold. 726 00:37:26,240 --> 00:37:31,960 And maybe the maybe Bitcoin is the thing that changes Bitcoin 727 00:37:31,960 --> 00:37:35,160 for the better. Yeah, we'll see. 728 00:37:35,160 --> 00:37:38,840 I mean they they used to have, and maybe maybe I'm mixing up 729 00:37:38,840 --> 00:37:41,480 the tech company, but didn't they used to have the the meme 730 00:37:41,640 --> 00:37:45,680 company memo of don't do evil and then they seemingly have 731 00:37:45,680 --> 00:37:48,520 gone evil, but maybe they're pulling back now this he. 732 00:37:48,520 --> 00:37:52,080 Said don't do evil until the government pays us a lot of 733 00:37:52,080 --> 00:37:54,240 money or threatens to shut us down. 734 00:37:54,240 --> 00:37:57,200 We don't really know what the story is behind that, you know? 735 00:37:57,480 --> 00:38:02,200 But one thing, one thing we can know for sure is that maybe 736 00:38:02,200 --> 00:38:07,440 going to a new country that has a Bitcoin standard will change 737 00:38:07,440 --> 00:38:10,080 all of that. Yeah, I mean I think that's 738 00:38:10,240 --> 00:38:12,440 that's probably the biggest thing for us as Bitcoiners. 739 00:38:12,440 --> 00:38:16,080 Yes, you know you guys, we can all probably agree that Google 740 00:38:16,080 --> 00:38:19,240 has done a lot of bad things and maybe Google isn't a good thing 741 00:38:19,240 --> 00:38:23,560 moving down there. But they have just given El 742 00:38:23,560 --> 00:38:27,280 Salvador a nod. They are a bitcoinized country. 743 00:38:27,520 --> 00:38:30,480 They are an entrepreneur based country. 744 00:38:30,480 --> 00:38:32,960 They have a strong leader. So the fact that they're giving 745 00:38:33,240 --> 00:38:36,440 naive Bukele and El Salvador a nod here and and actually going 746 00:38:36,440 --> 00:38:38,480 to their because they could have picked any, any Central American 747 00:38:38,480 --> 00:38:40,520 country in the world, like they could have gone anywhere. 748 00:38:40,520 --> 00:38:42,120 But they chose a Bitcoin country. 749 00:38:42,560 --> 00:38:46,040 Yeah, exactly. They chose the Bitcoin country 750 00:38:46,040 --> 00:38:49,200 to go incorporate so. And like I said, we don't know 751 00:38:49,200 --> 00:38:51,720 the whole story here. We don't know the full story. 752 00:38:51,720 --> 00:38:55,840 Maybe they've been cooked by the government this entire time and 753 00:38:55,840 --> 00:38:59,080 this is their way out. They're saying, OK, let's just 754 00:38:59,080 --> 00:39:03,520 go to El Salvador and escape the hold of the federal government 755 00:39:03,640 --> 00:39:06,600 so that we can start again and go back to our roots of not 756 00:39:06,600 --> 00:39:09,000 doing evil. That could be the thing, You 757 00:39:09,000 --> 00:39:11,360 never know. And maybe by being on a Bitcoin 758 00:39:11,360 --> 00:39:15,520 standard and not relying so much on the dollar, they're able to 759 00:39:15,560 --> 00:39:17,440 become the thing that they once were. 760 00:39:18,480 --> 00:39:19,240 Wow. You would. 761 00:39:19,400 --> 00:39:22,080 You can hope a boy can still hope I have a. 762 00:39:22,080 --> 00:39:26,240 Lot of hopium this, this, this Bitcoin bull market has me just 763 00:39:26,240 --> 00:39:31,400 so optimistic about life. All right, well we have a few 764 00:39:31,400 --> 00:39:32,720 comments. Let's read a few comments here. 765 00:39:32,720 --> 00:39:35,320 So and then says you know what Google did to Ireland. 766 00:39:35,320 --> 00:39:37,960 I am not totally familiar, so drop it in the chat and we'll 767 00:39:37,960 --> 00:39:40,400 hopefully cover it. Loco TX goes Google coin 768 00:39:40,400 --> 00:39:43,320 incoming. Oh lightning go, it's Bitcoin. 769 00:39:43,320 --> 00:39:46,120 Going to flip Google soon. This is undeniable. 770 00:39:46,120 --> 00:39:52,920 Bitcoin will flip Google soon. And we got FZ hard acre goes 771 00:39:52,920 --> 00:39:54,520 Google and Bitcoin do not go together. 772 00:39:54,520 --> 00:39:57,800 Hey bitcoins for enemies we will see what happened. 773 00:39:57,800 --> 00:40:01,000 I like this one multi stacker Google got orange pillar I think 774 00:40:01,320 --> 00:40:05,240 of course we're speculating here but I think this I think that 775 00:40:05,240 --> 00:40:08,160 might be the case a little bit. They're definitely seeing. 776 00:40:08,680 --> 00:40:11,960 What's going on in El Salvador? And so guys, maybe over under 777 00:40:11,960 --> 00:40:15,520 how long until Google announces Bitcoin on their balance sheet 778 00:40:15,520 --> 00:40:17,320 and like Sophie was saying, super hopeful. 779 00:40:17,600 --> 00:40:19,920 Maybe they are trying to pull things back. 780 00:40:19,920 --> 00:40:23,040 I am seeing this pendulum happening right now where you 781 00:40:23,040 --> 00:40:26,000 know the go woke, go broke meme is happening and people are 782 00:40:26,000 --> 00:40:29,080 trying to pull it back and understand that hey maybe, uh 783 00:40:29,840 --> 00:40:33,080 maybe this libertarian, entrepreneur, anarcho capitalist 784 00:40:33,080 --> 00:40:35,320 stuff may, May maybe it's more profitable. 785 00:40:35,320 --> 00:40:38,360 Maybe it's more beneficial for my citizens, but hey, or my. 786 00:40:38,680 --> 00:40:40,760 Win, win. It's a win, win situation 787 00:40:40,760 --> 00:40:45,360 because if they give into their financial incentives, in this 788 00:40:45,360 --> 00:40:48,920 particular case, because it's Bitcoin, it actually also kind 789 00:40:48,920 --> 00:40:52,280 of gives into the moral incentives, right? 790 00:40:52,520 --> 00:40:57,360 Because if they're making money by going to a country that is on 791 00:40:57,360 --> 00:41:02,320 a Bitcoin standard, bitcoiners are going to expect privacy. 792 00:41:02,480 --> 00:41:06,680 Bitcoiners are going to expect this company to cater to them, 793 00:41:07,120 --> 00:41:10,600 and eventually all tech companies, all companies in the 794 00:41:10,600 --> 00:41:13,440 world are going to have to align themselves with those 795 00:41:13,440 --> 00:41:15,720 incentives. And that's how Bitcoin fixes 796 00:41:15,720 --> 00:41:19,600 things at the very root, because now your consumer, the 797 00:41:19,600 --> 00:41:25,760 consumer's power is that much more as, as someone said that 798 00:41:25,760 --> 00:41:28,280 life gets cheaper on a Bitcoin standard, right? 799 00:41:28,280 --> 00:41:33,080 So if life gets cheaper, you're also less likely to, you know, 800 00:41:33,760 --> 00:41:37,200 spend your money on things that are frivolous and not good for 801 00:41:37,200 --> 00:41:39,320 you. And so Google and other 802 00:41:39,320 --> 00:41:43,960 companies will be forced to change. 100 percent, 100%. 803 00:41:43,960 --> 00:41:46,680 All right, there is a few comments before I get into self 804 00:41:46,680 --> 00:41:49,720 custody and culture today, but I like this winsome hacks. 805 00:41:49,720 --> 00:41:51,600 He goes, El Salvador has been the lighthouse for South 806 00:41:51,600 --> 00:41:54,040 American countries. Get the IMF and the US dollar 807 00:41:54,040 --> 00:41:57,240 off their back and they grow. It's almost like, it's almost 808 00:41:57,240 --> 00:41:59,280 like they're a parasite and they're blood psyching their 809 00:41:59,280 --> 00:42:01,320 citizens. I mean, I'm just speculating 810 00:42:01,320 --> 00:42:02,440 here. I don't know what's going on 811 00:42:02,440 --> 00:42:05,200 here, guys, but how about this one, Elaine? 812 00:42:05,480 --> 00:42:08,840 Maybe they will change their tagline back to don't be evil to 813 00:42:09,160 --> 00:42:11,520 buy Bitcoin. Yes, this is the one, all right. 814 00:42:11,520 --> 00:42:14,480 And last one, When something goes, even if Bitcoin isn't the 815 00:42:14,480 --> 00:42:16,880 reason for the move, it has contributed to the success of El 816 00:42:16,880 --> 00:42:20,240 Salvador and Google have to work in a Bitcoin environment by law. 817 00:42:20,600 --> 00:42:23,000 This is the signal, guys. This is why we're talking about 818 00:42:23,000 --> 00:42:24,760 it. And of course, we can all 819 00:42:24,760 --> 00:42:26,960 speculate about who's going to hold Bitcoin on their balance 820 00:42:26,960 --> 00:42:29,720 sheet, but this is the signal here. 821 00:42:29,720 --> 00:42:32,560 They have moved to a Bitcoin country and now they have to 822 00:42:32,560 --> 00:42:35,240 work within a Bitcoin country's laws. 823 00:42:35,480 --> 00:42:38,280 And so we'll see, man. We'll see how this goes. 824 00:42:38,280 --> 00:42:40,360 We'll see what actually happened. 825 00:42:40,720 --> 00:42:43,240 But as this knock said, Google Now answers to Bitcoin. 826 00:42:43,240 --> 00:42:45,800 You just love to see it, guys. It it really goes to what we say 827 00:42:45,800 --> 00:42:48,080 here. Constantly, incentives rule the 828 00:42:48,080 --> 00:42:50,040 world and bitcoins, incentives are pure. 829 00:42:50,520 --> 00:42:55,640 And if you allow a country to flourish in a seemingly free 830 00:42:55,640 --> 00:42:58,000 market, well, you're going to attract capital, you're going to 831 00:42:58,000 --> 00:43:00,840 attract businesses, you're going to attract entrepreneurs. 832 00:43:01,280 --> 00:43:04,920 And this is the standard that Bitcoin is unleashing on the 833 00:43:04,920 --> 00:43:07,000 world. Hopefully you guys caught Jeff 834 00:43:07,000 --> 00:43:10,400 Booth last night on the IRL and if you guys haven't caught it 835 00:43:10,400 --> 00:43:12,960 yet, go watch it. It's a very hopeful rip. 836 00:43:12,960 --> 00:43:15,240 Nico got off all giddy. He's like, man, dude, we're 837 00:43:15,240 --> 00:43:17,600 going to win so hard. Like the future is so bright. 838 00:43:17,920 --> 00:43:20,520 And it really just goes to show what we keep telling you guys 839 00:43:20,520 --> 00:43:23,240 constantly man. Fiat world. 840 00:43:23,240 --> 00:43:24,880 Clown world, however you want to call it. 841 00:43:24,880 --> 00:43:27,640 It is a world full of nihilism, pessimism. 842 00:43:28,000 --> 00:43:30,640 It's not a good world. Go talk to your Normie friends 843 00:43:30,640 --> 00:43:32,240 right now. Everyone's losing their minds 844 00:43:32,240 --> 00:43:34,680 about the current thing, and all of us bitcoiners are like, hey 845 00:43:34,680 --> 00:43:36,680 guys, just join us. Like life's so much better. 846 00:43:36,840 --> 00:43:38,800 Isn't it better when your net worth goes up? 847 00:43:38,800 --> 00:43:41,960 Isn't it better when you transact voluntarily 848 00:43:42,080 --> 00:43:45,960 consensually with other humans? It connects the world, and we're 849 00:43:45,960 --> 00:43:49,560 seeing that happen in real time. The world has never been more 850 00:43:49,560 --> 00:43:54,760 interconnected and as soon as we can can eliminate the middle 851 00:43:54,760 --> 00:43:58,840 men, the trusted third parties in the middle and value can flow 852 00:43:58,840 --> 00:44:01,320 freely. Ideas can flow freely throughout 853 00:44:01,320 --> 00:44:04,000 planet Earth. The world's going to improve and 854 00:44:04,000 --> 00:44:05,760 this is what we constantly talk about here. 855 00:44:05,760 --> 00:44:07,920 This is what we constantly try to push on you guys. 856 00:44:08,120 --> 00:44:11,600 There is hope at the end of the tunnel, guys, and it starts with 857 00:44:11,600 --> 00:44:14,880 stacking sets, staying humble, providing value to your fellow 858 00:44:14,880 --> 00:44:20,040 man, and things will go up. Life is great on a Bitcoin 859 00:44:20,040 --> 00:44:21,680 standard. Oh man, we're going to. 860 00:44:23,600 --> 00:44:26,400 Christine's in the chat already. Christine's in the chat already. 861 00:44:26,800 --> 00:44:29,560 Oh, man. OK guys, let's go to the culture 862 00:44:29,840 --> 00:44:34,080 because I I got a good comment here during yesterday's show, so 863 00:44:34,080 --> 00:44:35,920 we're going to cover some basics for you guys. 864 00:44:38,560 --> 00:44:47,400 The Daily Culture. All right, boys and girls, you 865 00:44:47,400 --> 00:44:49,400 already know. Smash the Like button. 866 00:44:49,440 --> 00:44:52,320 If you're enjoying the show, smash the Like button. 867 00:44:52,320 --> 00:44:54,680 We only have 100 likes. Those are rookie numbers. 868 00:44:54,680 --> 00:45:01,000 Let's get it to 150 likes. Guys, I'm going to get fired if 869 00:45:01,000 --> 00:45:04,400 I don't have 100. Likes Oh well, we broke the 100 870 00:45:04,400 --> 00:45:06,880 likes before the 1st hour, so it's all good. 871 00:45:06,880 --> 00:45:09,840 It's all good. But yes, guys like the show, if 872 00:45:09,840 --> 00:45:12,480 you if you provide, if you think we provide value, if you enjoy 873 00:45:12,480 --> 00:45:15,120 the entertainment, like share, subscribe, all that good stuff. 874 00:45:15,120 --> 00:45:18,600 But before we get into the culture today, make sure you go 875 00:45:18,600 --> 00:45:21,800 to orangepillapp.com stack friends who stack sats. 876 00:45:21,800 --> 00:45:24,200 There's good meetups there. Get in touch with other 877 00:45:24,200 --> 00:45:26,120 bitcoiners. Network with other bitcoiners. 878 00:45:26,120 --> 00:45:28,840 If you're in a new country and you want to hang out with like 879 00:45:28,840 --> 00:45:32,600 minded people, download the Orange Pill app and hit people 880 00:45:32,600 --> 00:45:34,880 up. See who's around you, Maybe get 881 00:45:34,880 --> 00:45:37,640 a coffee, maybe get some steak. Whatever it is you're into, 882 00:45:37,720 --> 00:45:40,080 there are bitcoins all around the world on the Orange Pill 883 00:45:40,080 --> 00:45:42,200 app. And of course join the Simply 884 00:45:42,200 --> 00:45:46,000 Bitcoin Orange Pill app group. The link is in the description. 885 00:45:46,280 --> 00:45:49,680 And Nico and I, we we appreciate all the love guys and and you 886 00:45:49,680 --> 00:45:52,640 know, I'm kind of bad at it, but we do our best of reaching out 887 00:45:52,640 --> 00:45:54,680 to every single person that hits us up. 888 00:45:54,680 --> 00:45:59,000 So I might have a delay but if you if you message me we're 889 00:45:59,000 --> 00:46:00,600 going to talk to you we're going to get back to you. 890 00:46:00,600 --> 00:46:03,120 A lot of good conversations in there appreciate all the love 891 00:46:03,120 --> 00:46:05,680 guys. And then next of course go to 892 00:46:05,680 --> 00:46:10,400 Kaboom racks. Kaboom Racks the best place to 893 00:46:10,400 --> 00:46:12,960 buy, sell and host your Bitcoin A6. 894 00:46:12,960 --> 00:46:16,760 If you are on the fence whether you should buy a six where you 895 00:46:16,760 --> 00:46:19,520 should get into Bitcoin mining. Get in touch with the kaboom 896 00:46:19,520 --> 00:46:21,640 racks team. They have a great white glove 897 00:46:21,640 --> 00:46:23,240 service. They'll they'll talk to you 898 00:46:23,240 --> 00:46:27,160 about all of the incentives, all of the options, whether it's a 899 00:46:27,160 --> 00:46:29,680 good time to get into Bitcoin mining. 900 00:46:29,680 --> 00:46:31,720 Actually a little, a little T here for you guys. 901 00:46:31,720 --> 00:46:34,480 I was talking again like I said, my boy Alex from Kaboom racks 902 00:46:34,920 --> 00:46:38,280 and he was basically saying dude might be some blood on the 903 00:46:38,280 --> 00:46:40,280 streets in the next couple of weeks. 904 00:46:40,400 --> 00:46:44,800 So it might be a good time to pick up some A6, not right now, 905 00:46:44,800 --> 00:46:47,160 but in the next couple of weeks. So if you've been on the fence, 906 00:46:47,360 --> 00:46:49,680 you might be able to pick up some cheap A6. 907 00:46:49,680 --> 00:46:51,520 I think we're going to see some fireworks. 908 00:46:51,520 --> 00:46:53,560 It's going to be very interesting to see what happens 909 00:46:53,560 --> 00:46:56,080 with some of these big miners. I think, you know, even Bob 910 00:46:56,080 --> 00:47:00,280 Burnett was saying it at Bitlock boom that we we might see some 911 00:47:00,280 --> 00:47:02,960 miners going down guys. So this is a very interesting 912 00:47:02,960 --> 00:47:06,080 time for Bitcoin. We are leaving third epoch, 913 00:47:06,320 --> 00:47:09,800 entering the 4th epoch. Bitcoin scarcity is going down, 914 00:47:09,800 --> 00:47:12,480 hash rates going to go up. We're going to see what happens 915 00:47:12,480 --> 00:47:14,560 with the miners out there. So it's going to get very 916 00:47:14,560 --> 00:47:16,120 interesting. So if you're on the fence, get 917 00:47:16,120 --> 00:47:19,120 in touch with the Kaboom racks team and they will walk you 918 00:47:19,120 --> 00:47:22,040 through all of that. There are the boys out there. 919 00:47:22,200 --> 00:47:26,600 OK, on that note guys, I do this bit all the time. 920 00:47:26,760 --> 00:47:31,000 We are getting new viewers on the show, so I love to try to 921 00:47:31,000 --> 00:47:33,600 catch people up. I love getting people up to 922 00:47:33,600 --> 00:47:35,920 speed. Not only do we bring on cool 923 00:47:35,920 --> 00:47:39,800 people on this show, but sometimes I go into the the the 924 00:47:39,800 --> 00:47:42,560 nitty gritty, the weeds here so that you guys can get up to 925 00:47:42,560 --> 00:47:44,960 speed so you guys can feel better about taking your Bitcoin 926 00:47:44,960 --> 00:47:49,600 into custody because as we say all the time self custody is the 927 00:47:49,600 --> 00:47:51,880 revolution. Anyways, we got this comment on 928 00:47:51,880 --> 00:47:56,640 YouTube, this was I got this in our slack I believe it was last 929 00:47:56,640 --> 00:47:59,160 night. So the last couple of days we 930 00:47:59,160 --> 00:48:02,400 have, and forgive me for butchering your name bro, but we 931 00:48:02,400 --> 00:48:09,880 have at F pass Cavacious, F Cavacious or F Pesky Vicious. 932 00:48:09,880 --> 00:48:12,880 I don't know bro, sorry but a listener and he goes. 933 00:48:13,320 --> 00:48:15,720 After months of listening to the show on a daily basis on 934 00:48:15,720 --> 00:48:18,960 Spotify, today for the first time I decided to watch the show 935 00:48:18,960 --> 00:48:21,720 on YouTube and put a face on you guys, Nico and Opti. 936 00:48:21,920 --> 00:48:24,000 I had no idea what you guys look like. 937 00:48:24,200 --> 00:48:27,120 I pictured Opti as a long haired, chill looking type of 938 00:48:27,120 --> 00:48:28,840 guy. I'm sorry to disappoint but 939 00:48:28,840 --> 00:48:31,960 you're not too far off. Don't stop doing what you do. 940 00:48:32,160 --> 00:48:34,640 There are people definitely listening and this is what we're 941 00:48:34,640 --> 00:48:35,800 going to talk about today right here. 942 00:48:35,920 --> 00:48:39,000 It's like I would like you guys to talk more about self custody. 943 00:48:39,160 --> 00:48:42,320 I know you do, but still sounds intimidating like it is for 944 00:48:42,320 --> 00:48:44,600 someone else. Get Natalie Burnell on the show 945 00:48:44,600 --> 00:48:45,600 as well. All right. 946 00:48:45,600 --> 00:48:49,480 So on today's show, we're going to talk about self custody and 947 00:48:49,480 --> 00:48:52,040 and I've done this bit a few times, I've updated it. 948 00:48:52,040 --> 00:48:54,640 I even have some physical hardware wallets for you guys 949 00:48:54,640 --> 00:48:59,880 here and just to just to touch on the first point guys it is so 950 00:49:00,000 --> 00:49:01,480 it is intimidating your first time. 951 00:49:01,480 --> 00:49:04,800 Like I can remember my first time when I took Bitcoin into 952 00:49:04,800 --> 00:49:07,840 custody. I I had to bought and I know you 953 00:49:07,840 --> 00:49:10,400 guys are going to throw tomatoes but I had bought in $100 on 954 00:49:10,400 --> 00:49:12,240 Coinbase. This was 2017. 955 00:49:12,240 --> 00:49:15,560 Forgive me guys. Forgive me for my sins and I I 956 00:49:15,560 --> 00:49:18,160 can vividly remember the first time I took Bitcoin into 957 00:49:18,160 --> 00:49:19,800 custody. It was late at night. 958 00:49:19,800 --> 00:49:22,160 I didn't have the lights on so maybe that made it a little more 959 00:49:22,160 --> 00:49:23,600 ominous. I was just like, you know, my 960 00:49:23,600 --> 00:49:25,600 computer watching Andres Antonopoulos. 961 00:49:25,920 --> 00:49:28,720 And there's like, you got to take your Bitcoin into custody. 962 00:49:28,720 --> 00:49:30,320 You can't leave your Bitcoin on an exchange. 963 00:49:30,720 --> 00:49:33,720 And I remember when I sent it, I didn't know. 964 00:49:33,840 --> 00:49:36,760 I barely knew anything. And I made a wallet. 965 00:49:37,000 --> 00:49:40,600 I sent it to my wallet from the exchange, you know, And I my 966 00:49:40,600 --> 00:49:43,200 heart starts beating. I'm like, Oh my God, like, I'm 967 00:49:43,200 --> 00:49:45,640 going to lose my 100 bucks if I don't do this correctly. 968 00:49:45,640 --> 00:49:50,240 Again, there is no rewind. There is no telephone to call if 969 00:49:50,240 --> 00:49:53,040 you mess up. This is why when you first learn 970 00:49:53,040 --> 00:49:55,760 how to do this, I highly recommend you take this process 971 00:49:55,760 --> 00:49:57,880 slow again. You know now don't don't be 972 00:49:57,880 --> 00:50:00,320 drinking when you do your first seed backup. 973 00:50:00,320 --> 00:50:04,000 Like you should do this in a clear mind so that you can get 974 00:50:04,000 --> 00:50:06,280 your Bitcoin back. But it is a little intimidating 975 00:50:06,280 --> 00:50:09,960 when you first get into Bitcoin. But after the first one, if you 976 00:50:09,960 --> 00:50:12,760 can send an e-mail, if you can remember a telephone number, 977 00:50:13,080 --> 00:50:14,760 then you can take custody of your Bitcoin. 978 00:50:14,760 --> 00:50:18,840 But before I get into my blueprint, I got to touch on the 979 00:50:18,840 --> 00:50:21,960 Bitcoin white paper. It was literally the first 980 00:50:21,960 --> 00:50:24,360 sentence of the Bitcoin white paper in the abstract. 981 00:50:24,360 --> 00:50:27,240 It's the first sentence of the first paragraph of the Bitcoin 982 00:50:27,240 --> 00:50:29,000 white paper, so I got to highlight it. 983 00:50:29,000 --> 00:50:31,920 So Bitcoin A Peer-to-peer Electronic Cash System by 984 00:50:31,920 --> 00:50:36,440 Satoshi Nakamoto October 31st, 2008 Abstract A purely 985 00:50:36,440 --> 00:50:39,240 peer-to-peer version of electronic cash would allow 986 00:50:39,240 --> 00:50:43,560 online payments to be sent directly, again be sent directly 987 00:50:43,560 --> 00:50:45,640 from one party to another without going through a 988 00:50:45,720 --> 00:50:48,960 financial institution. This is what it's all about. 989 00:50:48,960 --> 00:50:51,840 peer-to-peer payments. There you become your own bank. 990 00:50:52,000 --> 00:50:54,120 There is no one you can go to if you mess up. 991 00:50:54,440 --> 00:50:57,400 And Satoshi wrote this it literally the first sentence. 992 00:50:57,400 --> 00:51:00,040 And then in the introduction. Commerce on the Internet has 993 00:51:00,040 --> 00:51:03,280 come to rely almost exclusively on financial institutions 994 00:51:03,280 --> 00:51:07,000 serving as trusted third parties to process electronic payments. 995 00:51:07,160 --> 00:51:10,200 While the system works well enough for most transaction, it 996 00:51:10,200 --> 00:51:12,960 still suffers from the inherent weakness of the trust based 997 00:51:12,960 --> 00:51:15,480 model. And this is what we're fixing. 998 00:51:15,840 --> 00:51:18,720 Yes, if you're buying your Bitcoin on an exchange, you are 999 00:51:18,720 --> 00:51:21,920 trusting that you are the first and foremost buying actual 1000 00:51:21,920 --> 00:51:26,000 Bitcoin from them, and then if you leave it there, you're 1001 00:51:26,000 --> 00:51:28,000 trusting that they're going to hold your Bitcoin. 1002 00:51:28,000 --> 00:51:31,200 But one lesson that all of us Bitcoiners have learned 1003 00:51:31,760 --> 00:51:35,080 throughout this whole process is you cannot leave your Bitcoin on 1004 00:51:35,080 --> 00:51:37,680 an exchange. You do not want to leave your 1005 00:51:37,680 --> 00:51:41,440 Bitcoin on an exchange. If you do it, just know there's 1006 00:51:41,440 --> 00:51:44,480 a possibility of you never actually taking that Bitcoin 1007 00:51:44,480 --> 00:51:46,400 into custody. So This is why we tell you guys 1008 00:51:46,640 --> 00:51:49,200 all the time. The most important aspect 1009 00:51:49,320 --> 00:51:53,200 besides getting off 0 is taking Bitcoin into custody. 1010 00:51:53,200 --> 00:51:56,360 And then we don't need you guys to yell at me about the fact 1011 00:51:56,360 --> 00:51:58,360 that high net worth individuals don't want to take their assets 1012 00:51:58,360 --> 00:51:59,560 in the custody. I get it, I get it. 1013 00:51:59,800 --> 00:52:02,640 But for the average person out there, for the person that wants 1014 00:52:02,640 --> 00:52:06,000 to take Bitcoin into custody, yes, your first transaction 1015 00:52:06,000 --> 00:52:08,600 might be intimidating. But after a couple it becomes 1016 00:52:08,600 --> 00:52:10,360 second nature. And it's it's easy. 1017 00:52:10,440 --> 00:52:13,200 Easier than sending Zelle. Like, have you guys walked into 1018 00:52:13,200 --> 00:52:15,520 a bank recently? Have you guys tried to open a 1019 00:52:15,520 --> 00:52:16,600 bank account? Yes. 1020 00:52:17,200 --> 00:52:18,600 It was terrible. It's. 1021 00:52:18,720 --> 00:52:22,760 Absolutely horrible. It's it's way harder than taking 1022 00:52:22,760 --> 00:52:24,880 Bitcoin into custody. You literally all you have to do 1023 00:52:24,880 --> 00:52:27,520 is download a wallet on your phone and you take Bitcoin into 1024 00:52:27,520 --> 00:52:30,520 custody. But anyways, let's get into the 1025 00:52:30,520 --> 00:52:33,360 nitty gritty here. Let's get into some of the best 1026 00:52:33,360 --> 00:52:36,360 practices. The framework that I use when I 1027 00:52:36,360 --> 00:52:40,160 download a new wallet and I send Bitcoin to it, I would say that 1028 00:52:40,280 --> 00:52:42,360 some of these processes are a must. 1029 00:52:42,360 --> 00:52:45,880 You have to do this because you want to make sure that you do 1030 00:52:45,880 --> 00:52:49,200 this process correctly. Take your time on this process, 1031 00:52:49,640 --> 00:52:52,440 do not rush through this after a while. 1032 00:52:52,440 --> 00:52:55,160 If you're pro then you know you you can adjust this all you 1033 00:52:55,160 --> 00:52:56,920 want. But if you're a noob, I would 1034 00:52:56,920 --> 00:53:00,640 highly suggest that you take take like a a Saturday 1035 00:53:00,640 --> 00:53:04,360 afternoon, you know take take a couple of hours and do this 1036 00:53:04,360 --> 00:53:06,680 process correctly. And again, this is a 1037 00:53:06,680 --> 00:53:10,560 progression. I as much as I'm a maxi bit 1038 00:53:10,560 --> 00:53:15,960 corner and I, you know, I I try to get people to zero to 60 and 1039 00:53:15,960 --> 00:53:19,120 as fast as possible. I've learned that it's a process 1040 00:53:19,120 --> 00:53:22,840 guys don't don't go too hard on people about, oh you need to do 1041 00:53:22,840 --> 00:53:25,360 it this way or else you're not a real big corner bro. 1042 00:53:25,360 --> 00:53:28,280 Like yeah, I get it. I think this is a process where 1043 00:53:28,280 --> 00:53:32,280 you go from, you know, not holding custody of any of your 1044 00:53:32,280 --> 00:53:35,920 money to finally being completely sovereign and holding 1045 00:53:35,960 --> 00:53:39,320 all of your Bitcoin yourself, running a node, all that good 1046 00:53:39,320 --> 00:53:41,040 stuff. But I'm gonna just touch on the 1047 00:53:41,040 --> 00:53:43,600 self custody aspect. And again, this is a 1048 00:53:43,600 --> 00:53:47,280 progression. So first and foremost, as I like 1049 00:53:47,280 --> 00:53:50,240 to always say, and you guys could correct me all you want, 1050 00:53:50,520 --> 00:53:53,720 but usually I think the best way for people to get their Bitcoin 1051 00:53:53,720 --> 00:53:56,800 into custody is by simply downloading a mobile wallet on 1052 00:53:56,800 --> 00:53:58,360 their phone. You know, we all have 1053 00:53:58,360 --> 00:54:02,520 smartphones and it's very simple to just download a mobile 1054 00:54:02,520 --> 00:54:04,880 wallet. But hey, maybe you want to 1055 00:54:04,880 --> 00:54:08,480 download a desktop, a desktop wallet, Maybe you want to do 1056 00:54:08,480 --> 00:54:11,480 that on on your laptop. Again, there's a lot of caveats 1057 00:54:11,480 --> 00:54:12,560 here. There's a lot of trade-offs. 1058 00:54:12,560 --> 00:54:15,640 I'd highly recommend if you do download a desktop wallet that 1059 00:54:15,640 --> 00:54:18,120 you probably don't use your daily driver. 1060 00:54:18,120 --> 00:54:21,160 Like don't use the laptop you use to watch all those naughty 1061 00:54:21,160 --> 00:54:24,200 websites that you're watching because people can hack your 1062 00:54:24,200 --> 00:54:28,040 computer. So usually I like to think of 1063 00:54:28,040 --> 00:54:30,720 this as a progression. It's mobile wallets to a desktop 1064 00:54:30,720 --> 00:54:33,360 wallet to a hardware wallet and then you can connect your 1065 00:54:33,360 --> 00:54:36,200 desktop wallet with your hardware wallet and go multi sig 1066 00:54:36,200 --> 00:54:39,040 or passwords. Again, I'm not trying to confuse 1067 00:54:39,040 --> 00:54:40,920 you here. Usually just download a mobile 1068 00:54:40,920 --> 00:54:45,480 wallet on your phone and then most wallets before you're able. 1069 00:54:45,480 --> 00:54:48,720 Even to send a transaction receiver transaction, you're 1070 00:54:48,720 --> 00:54:50,800 going to have to write down your seat on paper. 1071 00:54:51,240 --> 00:54:53,840 And again, guys, make sure this never hits the Internet. 1072 00:54:53,840 --> 00:54:58,200 So do not screenshot your seed. Do not let your seed phrase go 1073 00:54:58,200 --> 00:55:01,480 to the cloud. Avoid cameras. 1074 00:55:01,480 --> 00:55:04,360 Avoid saying them out loud because you never know who's 1075 00:55:04,360 --> 00:55:06,880 listening. Keep it private, guys. 1076 00:55:07,120 --> 00:55:11,480 And of course, you know, eventually get your seed phrase 1077 00:55:11,480 --> 00:55:14,120 off a piece of paper and on something like titanium, like 1078 00:55:14,840 --> 00:55:17,000 you know, stamp seed. But I don't want to complicate 1079 00:55:17,000 --> 00:55:21,520 this, but just remember he who knows the seed controls the 1080 00:55:21,520 --> 00:55:24,800 Bitcoin. In Bitcoin, possession is 10 1081 00:55:24,800 --> 00:55:27,960 tenths of the law. So if they know your seed, they 1082 00:55:27,960 --> 00:55:31,400 can send your Bitcoin. And we've seen so many people 1083 00:55:31,400 --> 00:55:34,640 get wrecked throughout the 15 years of Bitcoin that the best 1084 00:55:34,640 --> 00:55:38,520 practices are get a piece of paper, write it down, make sure 1085 00:55:38,520 --> 00:55:41,040 it's in pen, make sure that if you're get some. 1086 00:55:41,040 --> 00:55:42,480 Paper. Get some stamps. 1087 00:55:42,680 --> 00:55:46,640 Yes, I know, I know. But I'm trying to minimize the 1088 00:55:46,640 --> 00:55:50,040 obstacles that people have to get to self custody. 1089 00:55:50,040 --> 00:55:53,080 So usually first step, you know, download a mobile wallet, write 1090 00:55:53,080 --> 00:55:56,480 it down on a piece of paper. Final the final steps is get 1091 00:55:56,480 --> 00:55:58,600 yourself a hardware wallet, a stamp seed. 1092 00:55:58,600 --> 00:56:01,360 So if your house does burn down, your seed phrase is still there. 1093 00:56:01,360 --> 00:56:04,040 And as you can see first is paper seed and then it's 1094 00:56:04,040 --> 00:56:07,160 titanium seed and that's what you need to do. 1095 00:56:07,160 --> 00:56:09,240 You want to make sure that your backups are correctly, write 1096 00:56:09,240 --> 00:56:12,480 down your seed phrase, make sure if you want to you can memorize 1097 00:56:12,480 --> 00:56:14,920 them, but you need to download a wallet. 1098 00:56:14,920 --> 00:56:16,720 Mobile wallets are a good place to start. 1099 00:56:16,720 --> 00:56:19,240 Eventually you want to get to a hardware wallet so you are the 1100 00:56:19,240 --> 00:56:21,840 most secure. It depends on how paranoid you 1101 00:56:21,840 --> 00:56:23,800 are. I'm super paranoid, but a good 1102 00:56:23,800 --> 00:56:28,200 advice here is whatever amount of money you put into Bitcoin 1103 00:56:28,200 --> 00:56:33,280 today, 10X AT, and that should be your judge for how paranoid 1104 00:56:33,280 --> 00:56:35,200 you should be about custodying your Bitcoin. 1105 00:56:35,520 --> 00:56:39,000 So you know if you're downloading 100 bucks you bought 1106 00:56:39,000 --> 00:56:40,640 100 bucks, you're putting it to your wallet. 1107 00:56:40,880 --> 00:56:43,960 Maybe if that's all you got. A mobile wallet is fine. 1108 00:56:43,960 --> 00:56:46,000 I've, I've done, I've done worse. 1109 00:56:46,000 --> 00:56:49,560 Where I I've kept, I've kept an inordinate amount of Bitcoin in 1110 00:56:49,560 --> 00:56:53,440 a mobile wallet but finally you end up going to a hardware 1111 00:56:53,440 --> 00:56:55,960 wallet. So once you have your seed 1112 00:56:55,960 --> 00:56:58,680 phrase written down, either on a piece of paper stamped into 1113 00:56:58,680 --> 00:57:03,000 titanium, I think this might be the most important step that 1114 00:57:03,000 --> 00:57:06,040 most people miss. Do a test transaction from your 1115 00:57:06,040 --> 00:57:08,400 exchange. Send a small amount of Bitcoin, 1116 00:57:08,400 --> 00:57:12,400 You know 10-10 dollars, $5 what, Whatever is small to you, 1117 00:57:12,400 --> 00:57:16,040 whatever portion of your actual holdings that you have in. 1118 00:57:16,040 --> 00:57:19,720 On exchange, send a test transaction to your wallet and 1119 00:57:19,720 --> 00:57:22,520 once you receive it, what you want to do is make sure your 1120 00:57:22,520 --> 00:57:26,280 seed phrase is backed up. Wipe your wallet and you're like 1121 00:57:26,280 --> 00:57:27,880 wait, why would I wipe my wallet? 1122 00:57:27,880 --> 00:57:30,560 Because then I lost my Bitcoin. Well now your your Bitcoin 1123 00:57:30,560 --> 00:57:34,640 doesn't actually live in in your wallet, it's just your keys to 1124 00:57:34,640 --> 00:57:37,880 get into the wallet. So what you want to do is do a a 1125 00:57:37,880 --> 00:57:43,400 small test transaction, wipe the wallet, and then reload that 1126 00:57:43,400 --> 00:57:46,280 that seed phrase into your wallet so you can retrieve your 1127 00:57:46,280 --> 00:57:49,320 funds. And what this ensures is that if 1128 00:57:49,320 --> 00:57:54,000 for whatever reason you're you lose the wallet on your phone or 1129 00:57:54,000 --> 00:57:57,240 your hardware wallet gets corrupted or whatever, you have 1130 00:57:57,240 --> 00:57:59,640 the seed phrase. And remember to write down your 1131 00:57:59,640 --> 00:58:02,320 password if you're going that route so that you can get back 1132 00:58:02,320 --> 00:58:04,760 into your wallet. And if you do this on multiple 1133 00:58:04,760 --> 00:58:08,560 wallet infrastructure, like if you do this on blue wallet and 1134 00:58:08,560 --> 00:58:11,560 green wallet or something like that, and you finally get back 1135 00:58:11,560 --> 00:58:14,000 into your Bitcoin, that's usually when the light bulb 1136 00:58:14,000 --> 00:58:17,040 moment comes up and you're like, Oh my God, like my Bitcoin 1137 00:58:17,040 --> 00:58:18,440 doesn't actually live in my wallet. 1138 00:58:18,440 --> 00:58:21,080 I just have access to that Bitcoin. 1139 00:58:21,320 --> 00:58:24,640 And once you retrieve your funds again, you write down your seed 1140 00:58:24,640 --> 00:58:28,480 phrase, do a test transaction, wipe the wallet, retrieve those 1141 00:58:28,480 --> 00:58:31,920 funds, and once you get back into that wallet, then either 1142 00:58:31,920 --> 00:58:35,040 you can, you know, send that out to a new wallet, or just send 1143 00:58:35,080 --> 00:58:36,960 all of your Bitcoin to that wallet. 1144 00:58:37,160 --> 00:58:40,360 And every time you create a new wallet, I would highly suggest 1145 00:58:40,360 --> 00:58:43,920 that you do that same process. Write down your seed phrase, 1146 00:58:45,000 --> 00:58:48,080 send a test transaction, wipe the wallet so that you can 1147 00:58:48,400 --> 00:58:51,920 further retrieve that wallet, retrieve those funds, retrieve 1148 00:58:52,160 --> 00:58:56,080 access to those UT X OS and then finally send all your Bitcoin. 1149 00:58:56,240 --> 00:58:59,560 And if you do that process, then you can start to relieve in your 1150 00:58:59,560 --> 00:59:03,240 own mind that OK, I know my backups are secure, I know I can 1151 00:59:03,240 --> 00:59:06,200 access this Bitcoin if if everything goes wrong. 1152 00:59:06,480 --> 00:59:10,280 And then you can finally send your whole chunk to a Bitcoin 1153 00:59:10,280 --> 00:59:13,320 wallet of your choice. Now I do have some wallets here 1154 00:59:13,320 --> 00:59:17,160 because you know people love to give options and and before I go 1155 00:59:17,160 --> 00:59:21,320 into all the options guys, I don't want to give you, you know 1156 00:59:21,320 --> 00:59:25,560 the paralysis of analysis. I'm giving you a bunch of 1157 00:59:25,560 --> 00:59:29,680 options that I've tried, that I love, that I use constantly and 1158 00:59:29,680 --> 00:59:31,480 there are a lot of options out there. 1159 00:59:31,480 --> 00:59:35,720 So if I right now don't say the wallet, that doesn't necessarily 1160 00:59:35,720 --> 00:59:38,400 mean it's a bad wallet. It just means I haven't actually 1161 00:59:38,400 --> 00:59:42,680 used it and maybe you know the the meme of if it had shit coins 1162 00:59:42,680 --> 00:59:44,720 on it then probably avoid it at all costs. 1163 00:59:44,720 --> 00:59:49,360 So so these are all Bitcoin only wallets and I have I haven't 1164 00:59:49,360 --> 00:59:51,200 broken down in on all different categories. 1165 00:59:51,200 --> 00:59:56,240 So on your mobile phone I absolutely love blue wallet it's 1166 00:59:56,240 --> 00:59:59,520 an on chain wallet they they you know they sunsetted their 1167 00:59:59,520 --> 01:00:03,000 lightning wallet but the first mobile wallets are simply on 1168 01:00:03,000 --> 01:00:05,920 chain. So I would highly recommend this 1169 01:00:05,920 --> 01:00:10,680 for, you know like bigger chunks Bitcoin connect that to. 1170 01:00:11,560 --> 01:00:14,080 Your your phone. So on chain wallets we got blue 1171 01:00:14,080 --> 01:00:15,800 wallet. We have envoy wallet which is 1172 01:00:15,800 --> 01:00:19,080 our sponsor. Passport of our foundation with 1173 01:00:19,080 --> 01:00:22,120 passport is beautiful. And then green wallet and the 1174 01:00:22,120 --> 01:00:24,000 new one that I've been trying out bit kit. 1175 01:00:24,040 --> 01:00:26,480 I I really love it. I haven't really used it too 1176 01:00:26,480 --> 01:00:30,120 much, but on chain wallets, Blue wallet, Envoy, green wallet, bit 1177 01:00:30,120 --> 01:00:33,840 kit, and then lightning wallets, my boys over at Mutiny are 1178 01:00:33,840 --> 01:00:36,680 creating an awesome wallet. Phoenix is kind of becoming my 1179 01:00:36,680 --> 01:00:40,440 new daily Lightning driver. There's Zeus shouts out to the 1180 01:00:40,440 --> 01:00:42,760 boys over at Zeus. You can connect your own node to 1181 01:00:42,760 --> 01:00:45,720 it and then these three Mutiny, Phoenix and Zeus, they're all 1182 01:00:45,720 --> 01:00:48,760 non custodial lightning wallets. And then there's Breeze. 1183 01:00:49,160 --> 01:00:51,280 Breeze is it's kind of a runner up. 1184 01:00:51,280 --> 01:00:54,840 They they were doing really good things for a while Now I I kind 1185 01:00:54,840 --> 01:00:57,400 of I kind of always show Phoenix or mutiny to me. 1186 01:00:57,400 --> 01:01:00,040 Mutiny in Phoenix I I think is where wallets are going. 1187 01:01:00,200 --> 01:01:02,600 If you're out of the US then you know hey you got some throw 1188 01:01:02,600 --> 01:01:04,720 tomatoes but Wallace Satoshi is great it just worked. 1189 01:01:04,720 --> 01:01:06,360 Sorry guys. It it just works. 1190 01:01:06,360 --> 01:01:08,960 And that's what most people want is just a wallet that works. 1191 01:01:08,960 --> 01:01:11,320 So and then the recent one is Primal. 1192 01:01:11,720 --> 01:01:14,880 Yes, it's connected to Noster. Yes, it's a social media app, 1193 01:01:14,880 --> 01:01:17,320 but they have a pretty good Lightning wallet in it guys. 1194 01:01:17,320 --> 01:01:20,320 So if you want to kind of go that route and dip your toes in 1195 01:01:20,320 --> 01:01:22,840 the Noster, then you can have a Lightning wallet connected to 1196 01:01:22,840 --> 01:01:24,480 it. So again, on your mobile phone, 1197 01:01:24,720 --> 01:01:27,720 I highly recommend Blue Wallet. That's probably been my daily 1198 01:01:27,720 --> 01:01:30,320 driver on my phone for like 2 to three years now. 1199 01:01:30,520 --> 01:01:34,080 I love Blue Wallet. I really am starting to love 1200 01:01:34,080 --> 01:01:36,400 Envoy, especially when you connect it with Passport. 1201 01:01:36,400 --> 01:01:39,160 It's just it's so easy. I I absolutely love it. 1202 01:01:39,440 --> 01:01:41,320 Green Wallet's been around for a long time. 1203 01:01:41,320 --> 01:01:43,760 I have a lot of friends using Green Wallet and then Mutiny in 1204 01:01:43,760 --> 01:01:45,720 Phoenix. Those are the wallets I'm using 1205 01:01:45,720 --> 01:01:47,400 right now. Blue Wallet, Envoy Mutiny in 1206 01:01:47,400 --> 01:01:49,840 Phoenix. And I do use Green Wallet every 1207 01:01:49,840 --> 01:01:52,360 once in a while. So those are the mobile wallets. 1208 01:01:52,360 --> 01:01:54,280 Guys. Usually first step is like, I 1209 01:01:54,960 --> 01:01:56,440 all right, Full disclosure, usually first step. 1210 01:01:56,440 --> 01:01:59,400 I'd just be like all right bro just download Blue Wallet send 1211 01:01:59,400 --> 01:02:01,120 your Bitcoin there. I I run them through the 1212 01:02:01,120 --> 01:02:02,200 process. Blue wallet works. 1213 01:02:02,200 --> 01:02:05,440 I love Blue wallet. It's it's it's become my my 1214 01:02:05,920 --> 01:02:08,840 wallet of choice on my phone. I I use it to this day. 1215 01:02:08,840 --> 01:02:10,440 I use it basically every single day. 1216 01:02:10,440 --> 01:02:13,760 And then on desktop again there's a lot of different 1217 01:02:13,760 --> 01:02:16,200 wallets but I absolutely love Sparrow. 1218 01:02:16,200 --> 01:02:17,480 I'm kind of a Sparrow. Maxi. 1219 01:02:17,480 --> 01:02:22,600 I think Sparrow is is the best desktop wallet right now and if 1220 01:02:22,600 --> 01:02:25,360 you haven't used it I highly recommend you use it. 1221 01:02:25,360 --> 01:02:28,880 It'll download Bitcoin core. It has a lot of functionality on 1222 01:02:28,880 --> 01:02:31,680 top with Sparrow. There's a it's it's an advanced 1223 01:02:31,680 --> 01:02:35,640 wallet guys. So if you're a new maybe you 1224 01:02:35,640 --> 01:02:37,560 want to dip your toes in Sparrow because there's a lot of 1225 01:02:37,560 --> 01:02:40,440 functionality with Sparrow. But I I absolutely love Sparrow. 1226 01:02:40,440 --> 01:02:42,600 I'm a Sparrow maxi. And then there's Spectre. 1227 01:02:42,680 --> 01:02:44,240 Spectre's a great wallet as well. 1228 01:02:44,240 --> 01:02:45,960 But again I'm just I love Sparrow. 1229 01:02:45,960 --> 01:02:48,040 I'm I'm just a Sparrow maxi. I think it's the best. 1230 01:02:48,040 --> 01:02:50,960 I think that's like the pinnacle of desktop wallets and Nico's an 1231 01:02:50,960 --> 01:02:52,920 Electrum junkie. You know when you've been around 1232 01:02:52,920 --> 01:02:54,840 for a while you don't really want to change things. 1233 01:02:54,880 --> 01:02:58,920 You use Electrum Electrums on a lot of these pug plug and play 1234 01:02:58,920 --> 01:03:02,920 notes. So again just cuz I'm not naming 1235 01:03:02,920 --> 01:03:05,520 them doesn't mean that they're not used. 1236 01:03:05,520 --> 01:03:08,080 Look let me actually add Bitcoin core. 1237 01:03:08,400 --> 01:03:11,160 You should download Bitcoin Core at least once guys, if you 1238 01:03:11,160 --> 01:03:13,960 really wanna be a hardcore bitcoiner. 1239 01:03:14,320 --> 01:03:18,320 If you really want to go through the initiation process of being 1240 01:03:18,320 --> 01:03:20,600 a bitcoiner, just download Bitcoin Core. 1241 01:03:20,600 --> 01:03:22,880 See what this is about. They're they're continuing to 1242 01:03:22,960 --> 01:03:25,680 update. See what the initial software is 1243 01:03:25,680 --> 01:03:28,480 that started this whole thing. It's Bitcoin Core. 1244 01:03:28,800 --> 01:03:31,480 Those are the desktop wallets that I highly recommend. 1245 01:03:31,680 --> 01:03:34,480 Again, I'm kind of a Sparrow Maxi which is basically Bitcoin 1246 01:03:34,480 --> 01:03:38,280 Core with Sparrow and some other usability added on top of it. 1247 01:03:38,280 --> 01:03:41,800 So if you want to go the desktop route again, I highly recommend 1248 01:03:41,800 --> 01:03:43,880 that you don't just use your daily driver. 1249 01:03:44,240 --> 01:03:47,480 My boy Skeef, he's always like just buy a ThinkPad. 1250 01:03:47,480 --> 01:03:50,640 It's you know, super cheap and you'll have a great hardware 1251 01:03:50,640 --> 01:03:53,040 wallet with Sparrow and Bitcoin Core. 1252 01:03:53,440 --> 01:03:55,000 But again, this is progression guys. 1253 01:03:55,000 --> 01:03:57,680 So first and foremost I'd say get a mobile wallet. 1254 01:03:57,680 --> 01:04:01,560 But I do have my hardware wallets here guys. 1255 01:04:01,560 --> 01:04:05,040 Of course, Passport. We absolutely love Passport. 1256 01:04:05,040 --> 01:04:06,880 It's so easy. It's beautiful. 1257 01:04:07,160 --> 01:04:11,920 It I'm dude, I'm I'm becoming a huge Passport fan and it's not 1258 01:04:11,920 --> 01:04:14,160 just because they're our sponsor just because I've used it and 1259 01:04:14,160 --> 01:04:16,200 it's so easy. I did a setup the other day 1260 01:04:16,200 --> 01:04:18,760 before I went to El Salvador. Like I said I had. 1261 01:04:18,760 --> 01:04:21,800 So I had way too much Bitcoin on my phone and I I felt a little 1262 01:04:21,800 --> 01:04:24,280 iffy going to El Salvador with that much Bitcoin on my phone. 1263 01:04:24,280 --> 01:04:28,960 So I set up a new wallet with Passport and and Envoy and it's 1264 01:04:28,960 --> 01:04:31,400 so easy and I know someone yesterday was saying they had 1265 01:04:31,400 --> 01:04:36,800 some issues I I didn't get those issues I I it's so easy to me 1266 01:04:36,800 --> 01:04:41,760 spare or passport and envoy is it's so it's it's it's OPTI 1267 01:04:41,760 --> 01:04:44,200 proof. It's stupid proof here but one 1268 01:04:44,200 --> 01:04:46,800 of my other honorary mentioned is seed signer. 1269 01:04:46,800 --> 01:04:48,920 I love the seed signer project. They're super cool. 1270 01:04:49,200 --> 01:04:52,360 These are great off the shelf. You know I have a 3D printed 1271 01:04:52,360 --> 01:04:54,360 case for them. You build it yourself if you 1272 01:04:54,360 --> 01:04:55,640 want to feel a little more technical. 1273 01:04:55,640 --> 01:04:58,640 If you want to do a little DIY project with your family your 1274 01:04:58,640 --> 01:05:01,600 kids or maybe just with your friends you build yourself a 1275 01:05:01,600 --> 01:05:03,840 seed signer. They're absolutely cool. 1276 01:05:03,840 --> 01:05:07,640 I I really love seed signer. They're really the unsung heroes 1277 01:05:07,640 --> 01:05:09,880 I think in the in the Bitcoin process and again there's 1278 01:05:09,880 --> 01:05:13,000 trade-offs to all of this and then of course probably the 1279 01:05:13,000 --> 01:05:16,240 standard right now the Bitcoin Maxi's favorite wallet is the 1280 01:05:16,240 --> 01:05:19,000 cold card. I don't have the queue yet but 1281 01:05:19,160 --> 01:05:21,720 cold card. You know I I love the this is 1282 01:05:21,720 --> 01:05:26,960 the MK4 I think or maybe this is the three now actually this is 1283 01:05:26,960 --> 01:05:27,800 the old one. This is a mark. 1284 01:05:27,800 --> 01:05:28,960 Two. Wow old school. 1285 01:05:28,960 --> 01:05:33,160 I have the three I think and somewhere locked up and you guys 1286 01:05:33,160 --> 01:05:36,080 can also do Jade. Jade's great for the price 1287 01:05:36,080 --> 01:05:38,360 point. Literally for the price point. 1288 01:05:38,400 --> 01:05:40,880 I think these are $50. Still, this one's great. 1289 01:05:40,880 --> 01:05:43,360 And of course I got the awesome translucent green one, which is 1290 01:05:43,360 --> 01:05:45,440 probably invisible right now for you guys. 1291 01:05:45,680 --> 01:05:48,920 But here, let me let me let me show you guys a little more. 1292 01:05:49,160 --> 01:05:50,400 What's going on here? Is it? 1293 01:05:51,040 --> 01:05:53,480 Yeah, it's invisible. OK, this is actually Nintendo 1294 01:05:53,480 --> 01:05:56,000 green. I love the the jade you hook it 1295 01:05:56,000 --> 01:05:58,840 up with green. I've been using that for a while 1296 01:05:58,840 --> 01:06:01,880 to move some funds around. I absolutely still use this to 1297 01:06:01,880 --> 01:06:04,600 this day. And as you guys can see, I was 1298 01:06:04,760 --> 01:06:08,520 you know I was small screen. You can use all of these 1299 01:06:08,520 --> 01:06:11,360 together if you want to. If you don't trust any single 1300 01:06:11,360 --> 01:06:14,720 company you can use these all together and get yourself a 1301 01:06:14,720 --> 01:06:18,640 multi sig set up or really you know again I'm trying to 1302 01:06:18,640 --> 01:06:22,200 minimize the hoops that you have to jump through but maybe just 1303 01:06:22,200 --> 01:06:25,280 buy them all buy them all use them see which ones you like the 1304 01:06:25,280 --> 01:06:27,040 most. And I do have an honorable 1305 01:06:27,040 --> 01:06:30,320 mention here and I haven't used this yet guys but I I'm starting 1306 01:06:30,480 --> 01:06:32,560 I I think I'm going to buy one as soon as possible. 1307 01:06:32,800 --> 01:06:35,520 Is the bit key by Jack Dorsey I've I've been hearing really 1308 01:06:35,520 --> 01:06:38,000 good things about him. I haven't actually used it 1309 01:06:38,000 --> 01:06:42,320 myself, but the user flow, the user experience I hear is is 1310 01:06:42,320 --> 01:06:45,200 absolutely incredible. So I think I'm going to buy a 1311 01:06:45,200 --> 01:06:47,960 bit key soon and and I'll let let you guys know what I think 1312 01:06:47,960 --> 01:06:50,400 about it and all these other ones. 1313 01:06:50,400 --> 01:06:53,640 Everything I named here besides the bit key I've used I still 1314 01:06:53,640 --> 01:06:56,280 use to this day. I highly recommend these, but 1315 01:06:56,280 --> 01:07:01,280 again, try them yourself. Maybe you like one feature over 1316 01:07:01,280 --> 01:07:03,200 another. Maybe you would like 1 workflow 1317 01:07:03,200 --> 01:07:06,080 user experience over another. But these are the wallets that I 1318 01:07:06,080 --> 01:07:07,720 recommend. These are the wallets that I 1319 01:07:07,720 --> 01:07:10,280 usually recommend. The friends right now, if I had 1320 01:07:10,280 --> 01:07:15,680 to give you like my my dwindled checklist is it's Blue wallet 1321 01:07:16,160 --> 01:07:19,240 mutiny in Phoenix Sparrow and of course Passport. 1322 01:07:19,240 --> 01:07:21,320 Just 'cause it's so easy, man. Like, not everyone's a 1323 01:07:21,320 --> 01:07:23,160 cyberpunk. And these things are these are 1324 01:07:23,160 --> 01:07:27,000 opti proof, so, but also they're all in different price points. 1325 01:07:27,000 --> 01:07:34,000 So if you are trying to minimize the the the obstacles to buy 1326 01:07:34,000 --> 01:07:37,320 yourself a hardware wallet and then you know seed, Shiner and 1327 01:07:37,320 --> 01:07:40,760 jader are at the cheapest price point, highly secured, open 1328 01:07:40,760 --> 01:07:43,040 source. Or if you really want to get 1329 01:07:43,040 --> 01:07:46,360 cypherpunk, a cold card, or if you want to be cyberpunk but 1330 01:07:46,360 --> 01:07:50,000 also have just the cool user experience, Passport with Envoy 1331 01:07:50,000 --> 01:07:52,280 is absolutely beautiful. I'm highly recommending the 1332 01:07:52,280 --> 01:07:54,440 Passport with Envoy. And again, that's not just 1333 01:07:54,440 --> 01:07:56,160 'cause they pay us in their sponsor. 1334 01:07:56,360 --> 01:07:57,760 It's just 'cause it works so easy. 1335 01:07:57,760 --> 01:07:59,640 I literally was sitting there and I texted Niko. 1336 01:07:59,640 --> 01:08:02,760 I was like bro, the passport with the envoy is so, so easy. 1337 01:08:02,760 --> 01:08:06,600 Like I absolutely love it and man, so there is a lot of 1338 01:08:06,600 --> 01:08:09,760 options, but just download blue wallet on your phone, if there's 1339 01:08:09,840 --> 01:08:14,080 first steps, back it up, do a test transaction, get back into 1340 01:08:14,080 --> 01:08:17,240 that wallet and then move towards getting yourself a 1341 01:08:17,240 --> 01:08:19,000 hardware wallet. The reason you want to have a 1342 01:08:19,000 --> 01:08:22,399 hardware wallet is so that these are completely air gap, that 1343 01:08:22,399 --> 01:08:25,319 they never touch the Internet so that there is never a chance of 1344 01:08:25,319 --> 01:08:28,080 you losing your Bitcoin. This is why you want a hardware 1345 01:08:28,080 --> 01:08:30,200 wallet. This is why you want to invest 1346 01:08:30,200 --> 01:08:33,920 100 or $200 to get yourself a hardware wallet is so that you 1347 01:08:33,920 --> 01:08:36,920 can sleep well knowing that your Bitcoin isn't ever going to be 1348 01:08:36,920 --> 01:08:38,760 hacked. Because throughout the time 1349 01:08:38,880 --> 01:08:42,560 history of Bitcoin there's been so many hacks in Bitcoin is 1350 01:08:42,560 --> 01:08:45,680 because people have complicate this and that's the next PSA 1351 01:08:45,680 --> 01:08:47,720 guys. Do not over complicate this if 1352 01:08:47,720 --> 01:08:51,160 you're not a tech savvy dude. If you're just an average person 1353 01:08:51,479 --> 01:08:54,800 maybe think about not going to a multi 6 setup. 1354 01:08:54,800 --> 01:08:57,160 If you think you're going to mess up, you know a password. 1355 01:08:57,160 --> 01:08:59,399 I think is pretty simple for most people. 1356 01:09:00,080 --> 01:09:04,200 But you're going to have to make these decisions for yourself. 1357 01:09:04,200 --> 01:09:07,200 So I can give you the options, and you're going to have to try 1358 01:09:07,200 --> 01:09:09,520 them yourself. But before you do any of that, 1359 01:09:09,520 --> 01:09:12,040 do not send all of your Don't. Don't just like create a 1360 01:09:12,040 --> 01:09:15,600 passport, you know with envoy and then send all of your 1361 01:09:15,600 --> 01:09:18,160 Bitcoin and then realize that you messed up your seed phrase. 1362 01:09:18,160 --> 01:09:19,520 You need to do some transactions. 1363 01:09:19,560 --> 01:09:22,200 I think it's super easy. And then on the last note shouts 1364 01:09:22,200 --> 01:09:25,680 out to our boy BTC sessions. If you are getting lost guys, go 1365 01:09:25,680 --> 01:09:28,800 to sessions, YouTube and he'll walk you through this. 1366 01:09:29,120 --> 01:09:31,160 If if you think it's getting difficult, if you're 1367 01:09:31,160 --> 01:09:33,520 intimidated, they'll walk you through it. 1368 01:09:33,760 --> 01:09:38,640 But really guys, if you can remember a number, if you sent 1369 01:09:38,640 --> 01:09:42,720 an e-mail, you can take your Bitcoin into self custody. 1370 01:09:42,880 --> 01:09:45,080 So the first one might be intimidating, you might get a 1371 01:09:45,080 --> 01:09:49,000 little scared, but trust me, it'll become second nature. 1372 01:09:49,000 --> 01:09:52,479 I think sending Bitcoin and using Bitcoin is easier than 1373 01:09:52,479 --> 01:09:56,000 sending money through a bank. I I am a bitcoiner through and 1374 01:09:56,000 --> 01:09:57,520 through. There's no way I'm going back 1375 01:09:57,520 --> 01:10:01,480 into the legacy Fiat system. I'm a bitcoiner and it's just 1376 01:10:01,480 --> 01:10:04,000 it's so simple It it's part of my life now. 1377 01:10:04,160 --> 01:10:06,280 I save in Bitcoin, I use Bitcoin. 1378 01:10:06,520 --> 01:10:09,640 I'm on the Bitcoin standard. You know I huddle my Bitcoin, 1379 01:10:09,640 --> 01:10:13,240 but also I send Bitcoin a lot to friends, to people that I that 1380 01:10:13,240 --> 01:10:16,840 that I want to see succeed. So if you want some hardware 1381 01:10:16,840 --> 01:10:18,400 wallets, you already know the deal. 1382 01:10:19,880 --> 01:10:22,640 These are the ones I love. I think these are all the the 1383 01:10:22,640 --> 01:10:26,480 industry standards right now. I'm I'm yet to get a bit key but 1384 01:10:26,480 --> 01:10:28,560 I'm going to get one just because they look really cool. 1385 01:10:29,040 --> 01:10:31,240 Anyways. I've realized I've been ranting 1386 01:10:31,240 --> 01:10:33,280 a lot about this but this is important. 1387 01:10:33,280 --> 01:10:35,280 People want to know the self custody route. 1388 01:10:35,440 --> 01:10:37,440 They need to self custody their Bitcoin. 1389 01:10:37,600 --> 01:10:41,240 But on that note I know Sophie's a passport maxi at this point. 1390 01:10:41,240 --> 01:10:43,800 She she wants a bedazzled pink one at this point. 1391 01:10:43,800 --> 01:10:46,680 But I don't know, Maybe tell the story of yourself, custody, 1392 01:10:46,680 --> 01:10:49,480 journey self and then and then why you love passports so much. 1393 01:10:49,480 --> 01:10:51,200 And it's not just because they're a sponsor. 1394 01:10:53,640 --> 01:10:55,960 Sorry, I was muted. It's not just because they're 1395 01:10:55,960 --> 01:10:57,680 our sponsor. Actually, way before they 1396 01:10:57,680 --> 01:11:01,560 sponsored us, I was in love with Passport Wallet. 1397 01:11:01,560 --> 01:11:05,000 So and it's because I think it looks like a phone. 1398 01:11:05,000 --> 01:11:08,280 It just like it has a camera. It's so easy to use. 1399 01:11:08,520 --> 01:11:12,360 So I I definitely do want a bedazzled one. 1400 01:11:12,360 --> 01:11:15,720 I want a pink one at the very least or one that's like all 1401 01:11:15,720 --> 01:11:21,600 white or something but myself. Custody journey myself custody 1402 01:11:21,600 --> 01:11:25,800 journey is that Nico sat me down one day and taught me how to 1403 01:11:25,800 --> 01:11:30,280 self custody Bitcoin and actually it goes deeper than 1404 01:11:30,280 --> 01:11:31,960 that. This, this is actually the story 1405 01:11:31,960 --> 01:11:36,920 of how I learned how to have self custody on a cold card. 1406 01:11:37,400 --> 01:11:41,800 We were at Pacific Bitcoin and it was like the day after the 1407 01:11:41,920 --> 01:11:45,760 the conference and I thought it was all over, he said. 1408 01:11:45,760 --> 01:11:48,720 We just have one more event, it's a workshop, mind you. 1409 01:11:48,960 --> 01:11:52,720 All of the events around the Pacific Bitcoin Conference at 1410 01:11:52,720 --> 01:11:55,720 this point were like parties and dinners and whatever. 1411 01:11:55,720 --> 01:11:59,280 And so I was like sweet. I was at one of the events 1412 01:11:59,280 --> 01:12:02,920 before the workshop and it was BTC Sessions workshop. 1413 01:12:02,920 --> 01:12:07,520 I hadn't met him at this point and and I didn't know about his 1414 01:12:07,520 --> 01:12:09,280 content. I just, you know, I was kind of 1415 01:12:09,360 --> 01:12:13,440 there for the ride. So we were at this event. 1416 01:12:13,440 --> 01:12:17,760 I was like 2-3 glasses of wine in and then Nico's like, we 1417 01:12:17,760 --> 01:12:20,880 gotta go to this workshop. I'm like, sweet. 1418 01:12:20,880 --> 01:12:23,000 I'm thinking it's like a brunch or something. 1419 01:12:23,000 --> 01:12:24,520 I don't know. What a workshop. 1420 01:12:24,880 --> 01:12:27,920 Is. And so we get to this small 1421 01:12:27,920 --> 01:12:32,760 little, like office Co working space and I'm like, OK, like 1422 01:12:32,760 --> 01:12:37,400 interesting place to, you know, have an after the conference 1423 01:12:37,400 --> 01:12:41,520 event. And I I go into the room and 1424 01:12:41,520 --> 01:12:47,040 it's all like this fluorescent lighting, typical classroom 1425 01:12:47,040 --> 01:12:49,800 setting type of thing. And everybody is on their 1426 01:12:49,800 --> 01:12:53,800 computers and I'm just there. Like what did you just bring me 1427 01:12:53,800 --> 01:12:55,640 to? Like we just went from like a 1428 01:12:55,640 --> 01:13:01,760 Malibu beach house brunch to this like what's about to like 1429 01:13:01,760 --> 01:13:05,560 go down right now. Also I'm like a little bit drunk 1430 01:13:05,560 --> 01:13:11,200 like what's happening and so and so we sat there and we learned 1431 01:13:11,200 --> 01:13:16,000 how to use a cold card and surprisingly to this day, Ben, 1432 01:13:16,000 --> 01:13:19,680 is this good? I still know how to use a cold 1433 01:13:19,680 --> 01:13:23,560 card today and I actually understood what was happening 1434 01:13:23,560 --> 01:13:28,280 and how it actually works to send Bitcoin and have it in self 1435 01:13:28,280 --> 01:13:32,960 custody, what it means to sign the transaction, how multi sig 1436 01:13:32,960 --> 01:13:37,200 works. It was very interesting and I'll 1437 01:13:37,200 --> 01:13:41,880 never forget it because I was taken out of a Malibu beach 1438 01:13:41,880 --> 01:13:47,480 house brunch to a workshop to learn how to use the cold card. 1439 01:13:48,160 --> 01:13:49,760 Wow, Nico. Such a big corner. 1440 01:13:49,920 --> 01:13:52,680 Such a big corner. Such a like, it's really great 1441 01:13:52,680 --> 01:13:56,080 that, like, he didn't tell me what we were about to do because 1442 01:13:56,080 --> 01:13:57,880 I would have just been like go. By yourself. 1443 01:13:58,040 --> 01:14:00,800 Like like like babe, we got a cool date here. 1444 01:14:00,800 --> 01:14:02,120 Create a Gold card. Yeah. 1445 01:14:02,120 --> 01:14:05,000 No, I thought it was gonna be I I thought at least there would 1446 01:14:05,000 --> 01:14:07,520 be like, drinks or something. I'd be OK. 1447 01:14:07,520 --> 01:14:08,600 Let's go. No. 1448 01:14:09,440 --> 01:14:12,480 OK, actually before we move on though a little bit, there is 1449 01:14:12,480 --> 01:14:15,120 some good comments here in the chat that that I do want to hit 1450 01:14:15,120 --> 01:14:16,920 on. So OPTI where so back fields 1451 01:14:16,920 --> 01:14:19,160 goes. Don't forget to flood electrons 1452 01:14:19,160 --> 01:14:22,000 a little bit. There's many fake versions of OS 1453 01:14:22,000 --> 01:14:24,840 Electron out there. I learned about this the other 1454 01:14:24,840 --> 01:14:26,880 day. You have to verify your. 1455 01:14:27,160 --> 01:14:29,200 Software. Yeah, and that's the next point 1456 01:14:29,200 --> 01:14:31,840 he hit. And also tell them how to verify 1457 01:14:31,840 --> 01:14:34,720 PGP key pairs too. It's slightly hard, but gives 1458 01:14:34,720 --> 01:14:37,800 that extra safe feeling. So yeah, I'm I'm so glad you 1459 01:14:37,800 --> 01:14:40,520 brought this up because I did forget to imagine this if you 1460 01:14:40,520 --> 01:14:45,520 are downloading Bitcoin Core or Sparrow or Spectre or you know, 1461 01:14:45,520 --> 01:14:51,160 if you're using Wasabi wallet. Still you want to verify with 1462 01:14:51,160 --> 01:14:54,320 PGP that you're actually downloading the the right 1463 01:14:54,320 --> 01:14:57,000 software. And I'm I'm, I'm, I'm not going 1464 01:14:57,000 --> 01:15:01,800 to butcher it here but this is a very crucial step And every 1465 01:15:01,800 --> 01:15:05,680 software that is a desktop on their website, they'll show you 1466 01:15:05,680 --> 01:15:07,920 the process here. So I I'm not going to butcher it 1467 01:15:07,920 --> 01:15:10,160 but just make sure that you actually do this. 1468 01:15:10,160 --> 01:15:12,160 You can go to Bitcoin Core though they'll walk you through 1469 01:15:12,160 --> 01:15:14,440 the whole process. You will have to use a little 1470 01:15:14,440 --> 01:15:17,000 command line, but it's really not that difficult guys. 1471 01:15:17,320 --> 01:15:18,960 Again, it seems a lot harder than it is. 1472 01:15:19,120 --> 01:15:21,800 If I can do it, you can do it. I'm not the most tech savvy guy, 1473 01:15:21,800 --> 01:15:26,240 but if you really want to take yourself custody seriously, then 1474 01:15:26,240 --> 01:15:27,520 these are the steps you have to do. 1475 01:15:27,520 --> 01:15:30,720 This is why I told you to, you know, take a Saturday or Sunday 1476 01:15:30,840 --> 01:15:33,080 when you have some time. You can sit down here, do this 1477 01:15:33,080 --> 01:15:37,720 in steps, you know, read all the all the the information before 1478 01:15:37,720 --> 01:15:39,640 you do it. So you kind of have a rough idea 1479 01:15:39,640 --> 01:15:42,480 of what you're going to do and then do it all in in little 1480 01:15:42,480 --> 01:15:43,640 parts. You know you'll write, you'll 1481 01:15:43,640 --> 01:15:49,080 download the wallet, verify the PGP keys, make sure you are 1482 01:15:49,440 --> 01:15:54,480 writing the seed phrase down, You know, wipe the wallet, do a 1483 01:15:54,480 --> 01:15:56,120 test transaction, all that stuff. 1484 01:15:56,440 --> 01:16:00,760 It will be a little process, but highly recommend you do these 1485 01:16:00,760 --> 01:16:04,920 processes because I have had friends that just kind of like 1486 01:16:04,920 --> 01:16:07,960 Oh no, I know this is a good wallet and then they they got 1487 01:16:07,960 --> 01:16:09,800 rug pulled. So you need to do this, 1488 01:16:09,800 --> 01:16:12,160 especially if you're downloading a desktop wallet on your 1489 01:16:12,160 --> 01:16:14,440 computer because there everyone's a scammer. 1490 01:16:14,440 --> 01:16:16,360 There are people out there that want to wreck you. 1491 01:16:16,360 --> 01:16:19,840 So that's why I'm telling you take this process slow, you 1492 01:16:19,840 --> 01:16:22,240 know, don't do it when you've had a little smoke or a little 1493 01:16:22,240 --> 01:16:24,480 drink. Like make sure that you're clear 1494 01:16:24,480 --> 01:16:27,440 headed, that you don't overcomplicate this, that 1495 01:16:27,440 --> 01:16:30,000 everything is is organized and in order. 1496 01:16:30,000 --> 01:16:33,160 Because if you lose the keys to your Bitcoin, you lose your 1497 01:16:33,160 --> 01:16:35,760 Bitcoin. He who owns the seed controls 1498 01:16:35,760 --> 01:16:37,760 the Bitcoin. So thank you for that Opti 1499 01:16:37,760 --> 01:16:38,760 fields. We're so back. 1500 01:16:39,200 --> 01:16:44,760 And then also one more this isn't just for this is about 1501 01:16:44,760 --> 01:16:50,000 every telegram group guys. Never ever, ever put your seed 1502 01:16:50,000 --> 01:16:54,800 phrase into a website. Never ever send your seed phrase 1503 01:16:54,800 --> 01:16:57,400 to quote, UN quote support and telegram groups. 1504 01:16:57,400 --> 01:17:00,760 They're scammers. If anyone DMS you privately in a 1505 01:17:00,760 --> 01:17:06,360 Telegram group Just off rip, think that they are a scammer. 1506 01:17:06,360 --> 01:17:09,680 Usually the Telegram group supports will do everything 1507 01:17:09,680 --> 01:17:12,560 publicly and no one will ever ask you to send your seed 1508 01:17:12,560 --> 01:17:14,840 phrase. But there are people out there 1509 01:17:14,840 --> 01:17:17,120 that want to scam you guys, so just stay vigilant. 1510 01:17:17,120 --> 01:17:19,720 This is why we're telling you to verify the PGP keys. 1511 01:17:20,040 --> 01:17:22,680 This is why we're telling you to eventually take your Bitcoin 1512 01:17:22,680 --> 01:17:26,080 into hardware wallets and cold storage and remember the 1513 01:17:26,080 --> 01:17:27,960 difference between cold storage and hot wallets. 1514 01:17:27,960 --> 01:17:29,920 If you're downloading a Lightning wallet on your phone, 1515 01:17:29,920 --> 01:17:32,480 if you're just downloading a mobile wallet, it's a hot wallet 1516 01:17:32,480 --> 01:17:34,240 and that means it's connected into the Internet. 1517 01:17:34,240 --> 01:17:37,920 So eventually you want to get your huddle stack into cold 1518 01:17:37,920 --> 01:17:40,800 storage so that you know it's safe, that you know it's going 1519 01:17:40,800 --> 01:17:42,600 to be there for the long, the long run. 1520 01:17:43,440 --> 01:17:48,240 And yeah, I I think hopefully, guys, what FP, if you're 1521 01:17:48,240 --> 01:17:52,520 listening, respond in the chat again if you need to clear 1522 01:17:52,520 --> 01:17:55,520 anything up. But hopefully I gave you guys a 1523 01:17:55,520 --> 01:17:59,760 good rundown of this because it's very it's it's really, 1524 01:17:59,760 --> 01:18:02,880 really simple. It's not that hard, guys. 1525 01:18:02,880 --> 01:18:07,080 But like the first steps and the initial process, it, it is a 1526 01:18:07,080 --> 01:18:09,040 little scary. I'm not going to lie, like in 1527 01:18:09,320 --> 01:18:11,800 most people probably, maybe they don't think about it. 1528 01:18:11,800 --> 01:18:12,800 They're just like, yeah, whatever. 1529 01:18:12,800 --> 01:18:15,840 Like I have money on whatever exchange and I download a wallet 1530 01:18:15,840 --> 01:18:18,080 and I send it to and I don't even write down the seed phrase. 1531 01:18:18,440 --> 01:18:21,120 I'll tell you, I'm guilty of that as well sometimes because 1532 01:18:21,120 --> 01:18:23,680 I'm so used to it, I I trust these processes. 1533 01:18:23,960 --> 01:18:26,240 But that's because I've been doing it for eight years now. 1534 01:18:26,480 --> 01:18:31,840 So for you, if you're new, take it slow, take these processes. 1535 01:18:31,840 --> 01:18:34,360 Maybe it'll take you all weekend to do it correctly, but if you 1536 01:18:34,360 --> 01:18:37,320 do it correctly the first time, then at least you have some 1537 01:18:37,320 --> 01:18:39,280 Peace of Mind that your bitcoins going to be there. 1538 01:18:39,640 --> 01:18:43,160 But guys, it's really simple. Don't leave your Bitcoin on an 1539 01:18:43,160 --> 01:18:46,960 exchange. Get whatever flavor of a Bitcoin 1540 01:18:46,960 --> 01:18:49,120 wallet you want, whether that's mobile, all the way to a 1541 01:18:49,120 --> 01:18:52,440 hardware wallet. Write down your seed phrase, do 1542 01:18:52,440 --> 01:18:55,200 a test transaction, wipe the wallet, retrieve the funds, and 1543 01:18:55,200 --> 01:18:58,560 then send all of your Bitcoin. It's really not as complicated 1544 01:18:58,560 --> 01:19:00,760 as you make it out to be. If you're making phone calls, if 1545 01:19:00,760 --> 01:19:04,400 you can remember a phone number. If you remember you know the ABC 1546 01:19:04,400 --> 01:19:07,400 song, then you will be able to remember your seed phrase. 1547 01:19:07,400 --> 01:19:10,720 Write it down, But again, don't let your seed phrase hit the 1548 01:19:10,720 --> 01:19:12,600 cloud. Don't take pictures of your seed 1549 01:19:12,600 --> 01:19:14,040 phrase. Don't. 1550 01:19:14,040 --> 01:19:17,360 Your seed phrase should never enter the digital space. 1551 01:19:18,200 --> 01:19:21,840 Yes, exactly. Like, literally, guys, I know, I 1552 01:19:21,840 --> 01:19:25,280 know some of you might might be, you know, hard at reading, so 1553 01:19:25,280 --> 01:19:29,200 don't read the word out loud to remember it, 'cause you know, 1554 01:19:29,280 --> 01:19:32,560 everything is listening, guys, So write it down on a piece of 1555 01:19:32,560 --> 01:19:34,360 paper. Eventually transfer that to 1556 01:19:34,360 --> 01:19:36,640 titanium. These are the best practices and 1557 01:19:36,640 --> 01:19:40,200 This is why we have partnered up with all the companies that we 1558 01:19:40,200 --> 01:19:42,440 have partnered up on. Simply Bitcoin. 1559 01:19:42,440 --> 01:19:46,280 We have Stamp Seed which is going to go on sale tomorrow 1560 01:19:46,280 --> 01:19:48,960 guys. So if you're in the market for 1561 01:19:48,960 --> 01:19:52,440 some, buy them now and into tomorrow. 1562 01:19:52,680 --> 01:19:56,040 And This is why we love Passport by foundation because it's Opti 1563 01:19:56,040 --> 01:19:57,600 proof. It's very simple. 1564 01:19:57,880 --> 01:20:00,320 This is why we love Bitcoin. Well is because it's self 1565 01:20:00,320 --> 01:20:02,600 custody by default. You literally need to give them 1566 01:20:02,600 --> 01:20:05,680 an address to get your Bitcoin. Everything is designed in a way 1567 01:20:05,680 --> 01:20:09,480 so that you get the best products and you secure your 1568 01:20:09,480 --> 01:20:10,480 Bitcoin. All right. 1569 01:20:11,520 --> 01:20:13,440 Yeah, so. So Soph needs to jump off. 1570 01:20:13,720 --> 01:20:17,240 So you look, I'm, I'm seeing people say do UTXO 1571 01:20:17,240 --> 01:20:19,680 consolidations At some point. I'll, I'll come back and I'll do 1572 01:20:19,680 --> 01:20:21,040 all that. But we've been going pretty 1573 01:20:21,040 --> 01:20:22,240 long. All right. 1574 01:20:22,240 --> 01:20:25,400 So guys, again, take your Bitcoin into custody. 1575 01:20:25,600 --> 01:20:28,120 You have to do this. You want to interact with the 1576 01:20:28,120 --> 01:20:31,000 Bitcoin network itself. You want to be on the Bitcoin 1577 01:20:31,000 --> 01:20:33,600 network, run the software. Eventually I'll get into the 1578 01:20:33,600 --> 01:20:35,760 nodes and everything again for you guys, but I just wanted to 1579 01:20:35,760 --> 01:20:38,280 do a rundown of what my favorite wallets are and what the 1580 01:20:38,280 --> 01:20:43,400 framework is. Anyways, guys, we love you. 1581 01:20:43,400 --> 01:20:45,000 Sophie, thank you for coming on today. 1582 01:20:45,000 --> 01:20:47,320 Appreciate you always with the signal. 1583 01:20:47,840 --> 01:20:49,600 And guys, take your Bitcoin into custody. 1584 01:20:49,600 --> 01:20:53,040 Do maybe you know take a moment this weekend it is a having 1585 01:20:53,040 --> 01:20:57,600 We're moving into the 4th epoch. Make sure your Bitcoin is in 1586 01:20:57,600 --> 01:20:58,400 custody. All right. 1587 01:20:58,400 --> 01:21:00,520 So appreciate it. You can pop off and I'll wrap 1588 01:21:00,520 --> 01:21:02,400 this one up. All right. 1589 01:21:02,400 --> 01:21:03,600 Hold on. I I do want to. 1590 01:21:03,600 --> 01:21:06,200 I think. I think FP is in the chat real 1591 01:21:06,200 --> 01:21:07,400 quick. So for. 1592 01:21:07,760 --> 01:21:09,040 Let me see. Let me see. 1593 01:21:11,120 --> 01:21:13,000 I think, Hold on. I'm looking for him. 1594 01:21:13,000 --> 01:21:16,640 I'm seeing someone tag him. So let me see if I can see his 1595 01:21:16,640 --> 01:21:19,520 comment. All right, let's go, he said. 1596 01:21:19,520 --> 01:21:21,880 Well, Robin Hood allowed me to transfer my Bitcoin to cold 1597 01:21:21,880 --> 01:21:23,960 storage. I believe so, but I don't use 1598 01:21:23,960 --> 01:21:25,480 Robin Hood. I'm pretty sure they allow 1599 01:21:25,480 --> 01:21:31,120 withdrawals, but maybe not. But if they don't, someone's 1600 01:21:31,120 --> 01:21:33,040 fact checked me right now while I roll it out. 1601 01:21:35,320 --> 01:21:36,960 If they don't, don't buy it on Robin Hood. 1602 01:21:36,960 --> 01:21:38,840 Again. This is why we've partnered with 1603 01:21:38,840 --> 01:21:40,720 Bitcoin. Well, This is why we partnered 1604 01:21:40,720 --> 01:21:44,320 with Bitcoin only exchanges. Because you if you aren't able 1605 01:21:44,320 --> 01:21:46,840 to take your Bitcoin into custody, then you are just 1606 01:21:46,840 --> 01:21:50,800 getting price price exposure. And you don't want to get price 1607 01:21:50,800 --> 01:21:52,200 exposure. You don't want to buy a bunch of 1608 01:21:52,200 --> 01:21:55,600 Bitcoin on these apps and you can never take your Bitcoin into 1609 01:21:56,040 --> 01:21:59,280 self custody. So I wouldn't recommend Robin 1610 01:21:59,280 --> 01:22:02,440 Hood, but hey, you do you. This is why we love Bitcoin. 1611 01:22:02,440 --> 01:22:05,160 Well, is because they incentivize self custody by 1612 01:22:05,160 --> 01:22:08,120 default. You literally need to have a 1613 01:22:08,520 --> 01:22:12,000 Bitcoin wallet to buy Bitcoin on their website so that the best 1614 01:22:12,000 --> 01:22:15,600 practices are cemented. All right, so BTC believer says 1615 01:22:15,600 --> 01:22:17,000 I have transferred off Robin Hood. 1616 01:22:17,000 --> 01:22:19,600 All right, so yes, you can take your Bitcoin into cold storage, 1617 01:22:19,600 --> 01:22:21,360 bro. So you know, maybe start with 1618 01:22:21,360 --> 01:22:24,560 baby steps. Download blue wallet, eventually 1619 01:22:24,560 --> 01:22:30,120 get yourself a passport, eventually go to multi sig if 1620 01:22:30,120 --> 01:22:32,200 you feel the need again. Guys, what you want to think 1621 01:22:32,200 --> 01:22:34,800 about now? Yes, maybe the Bitcoin you own 1622 01:22:34,800 --> 01:22:38,200 right now is only worth, you know, a couple 100, maybe $1000 1623 01:22:38,200 --> 01:22:41,920 or whatever, but 10X whatever Your holdings are in Bitcoin and 1624 01:22:41,920 --> 01:22:45,120 that should be way you're thinking on your security setup. 1625 01:22:45,400 --> 01:22:47,400 But don't get don't overcomplicate it guys. 1626 01:22:47,400 --> 01:22:49,920 Keep it simple. Anyways, we love you guys. 1627 01:22:49,920 --> 01:22:52,040 We'll see you tomorrow. I will be back tomorrow. 1628 01:22:52,040 --> 01:22:55,760 Nico's in Nashville, and I'm gonna have a I'm on a fire show 1629 01:22:55,920 --> 01:22:57,680 with Adam from Bitcoin. Well, tomorrow. 1630 01:22:57,680 --> 01:23:00,120 So on that note, boys and girls, we love you. 1631 01:23:00,120 --> 01:23:02,960 Like, subscribe, share, spread all the Bitcoin signal. 1632 01:23:02,960 --> 01:23:06,560 This is how we win is by showing people the Bitcoin revolution 1633 01:23:06,560 --> 01:23:08,120 and waking them up. All right, peace out. 1634 01:23:09,440 --> 01:23:13,400 This episode was brought to you by bitcoinwell.com on a mission 1635 01:23:13,400 --> 01:23:14,880 to enable independence.