1 00:00:00,440 --> 00:00:03,240 Yo, the largest central bank in the world. 2 00:00:03,240 --> 00:00:06,880 Just expose that no matter how badly they destroy your money, 3 00:00:06,880 --> 00:00:10,760 they can never be fired. Many libertarians and Bitcoiners 4 00:00:10,760 --> 00:00:14,120 believe we need to end the Fed. But today we're going to discuss 5 00:00:14,120 --> 00:00:16,600 an interesting thought experiment from Tom Luongo, who 6 00:00:16,600 --> 00:00:19,800 says that maybe the Fed is fighting for US against the 7 00:00:19,800 --> 00:00:22,960 globalists at Davos. Before we get into all that, 8 00:00:23,120 --> 00:00:27,160 let's play this video that has basically broken the Internet. 9 00:00:27,320 --> 00:00:31,040 Here we go. Politico. 10 00:00:32,159 --> 00:00:35,560 Some of the president's elect's advisors have suggested that you 11 00:00:35,640 --> 00:00:38,640 should resign. If he asked you to leave, would 12 00:00:38,640 --> 00:00:40,000 you go? No. 13 00:00:41,440 --> 00:00:44,920 Can you follow up on it? Is it, do you think that legally 14 00:00:45,000 --> 00:00:46,720 he did? You're not required to leave. 15 00:00:47,200 --> 00:00:51,760 No. I guess the other other question 16 00:00:51,760 --> 00:00:54,520 is to follow up on Victoria's question. 17 00:00:55,200 --> 00:00:57,600 Do you believe that the President has the power to fire 18 00:00:57,600 --> 00:00:59,680 or demote you? And has the Fed determined the 19 00:00:59,680 --> 00:01:03,720 legality of a president demoting at will any of the other 20 00:01:03,720 --> 00:01:06,440 governors with leadership positions not permitted under 21 00:01:06,440 --> 00:01:10,080 the law? Not what not permitted under the 22 00:01:10,080 --> 00:01:13,800 law. My first take on this, this was 23 00:01:13,800 --> 00:01:18,080 me kind of trolling on Twitter, is it shows that so many people 24 00:01:18,080 --> 00:01:20,440 haven't read The Creature from Jekyll Island. 25 00:01:20,440 --> 00:01:24,040 And if you did, you know the very simple heuristic that the 26 00:01:24,040 --> 00:01:27,440 Federal Reserve is not federal and has no reserves. 27 00:01:27,440 --> 00:01:31,560 It's a private corporation whose business it is to create money, 28 00:01:31,560 --> 00:01:36,160 literally the money creation leviathan that Bitcoin is here 29 00:01:36,160 --> 00:01:38,480 to stop. Anyways, let's get the first 30 00:01:38,480 --> 00:01:40,760 Bitcoin take. Let's get the standard Bitcoin 31 00:01:40,760 --> 00:01:42,360 take here. Of course, I got a tweet from 32 00:01:42,360 --> 00:01:45,720 Bellagi where he's kind of, you know, recapping all the things 33 00:01:45,800 --> 00:01:48,440 seen in the last couple of months since the election and 34 00:01:48,440 --> 00:01:52,640 the media, you know, Trump win. Next is end the Fed. 35 00:01:52,640 --> 00:01:55,080 And this is a Bitcoin trope that we've been talking about for a 36 00:01:55,080 --> 00:01:57,440 long time. If you've been in Bitcoin for a 37 00:01:57,480 --> 00:02:00,480 couple of years, maybe if you're new to Bitcoin, you might know 38 00:02:00,480 --> 00:02:03,080 who Ron Paul is. Of course, he is the libertarian 39 00:02:03,080 --> 00:02:05,160 candidate. He's a libertarian politician 40 00:02:05,320 --> 00:02:08,000 who's been on the beat. He's been saying this for like 41 00:02:08,000 --> 00:02:10,080 50 years that we need to end the Fed. 42 00:02:10,320 --> 00:02:12,480 And here we go. This is a little recap of the 43 00:02:12,480 --> 00:02:15,000 Creature from Jekyll Island. If you haven't read that book, 44 00:02:15,000 --> 00:02:18,360 highly recommend when you read it, it is a big book, but it 45 00:02:18,360 --> 00:02:23,200 does kind of open your eyes on what exactly is the financial 46 00:02:23,200 --> 00:02:25,680 status of the world and how the Fed was created. 47 00:02:25,920 --> 00:02:28,600 Anyways, here we got a little recap from Bellagio. the Fed was 48 00:02:28,760 --> 00:02:31,200 it was created by Congress in 1913. 49 00:02:31,200 --> 00:02:33,800 Again, if you read the creature from Jekyll Island, you'll 50 00:02:33,800 --> 00:02:36,680 remember and you'll understand that the Fed was created 51 00:02:36,680 --> 00:02:39,840 literally in the cover of nine and forced through Congress in 52 00:02:39,840 --> 00:02:43,280 1913. So hey, again, it's not federal 53 00:02:43,440 --> 00:02:45,680 and it has no reserves. Anyways, Bellagio continues. 54 00:02:45,680 --> 00:02:48,920 And so since it was created by Congress, it can be shut down by 55 00:02:48,920 --> 00:02:52,040 Congress and Republicans now have the power to do this. 56 00:02:52,040 --> 00:02:55,080 They have ex executive, legislative and the judicial 57 00:02:55,080 --> 00:02:56,800 branch. They have the support in tech, 58 00:02:56,800 --> 00:02:59,560 finance and media. They have a population sick of 59 00:02:59,560 --> 00:03:01,760 inflation. And above all, they are bit 60 00:03:01,760 --> 00:03:05,040 corners and they have bitcoins. So you know, they're they're on 61 00:03:05,040 --> 00:03:08,000 the path to what we've been talking about for a while of 62 00:03:08,000 --> 00:03:12,200 ending the Fed and Ron Paul has endorsed Donald Trump in this 63 00:03:12,240 --> 00:03:14,920 election cycle. Now, there's a a couple of 64 00:03:14,920 --> 00:03:17,480 different takes you can take. You know, some, I saw Lynn Alden 65 00:03:17,480 --> 00:03:20,200 post this morning basically saying like there's no chance 66 00:03:20,200 --> 00:03:22,680 that the Trump administration will end the Fed. 67 00:03:22,880 --> 00:03:25,760 We're not there. But it is very interesting that 68 00:03:25,760 --> 00:03:28,040 we are having these conversations and that, you 69 00:03:28,040 --> 00:03:31,000 know, Jerome Powell, the head, the president of the Federal 70 00:03:31,000 --> 00:03:34,280 Reserve, is essentially saying what we tell you guys all the 71 00:03:34,280 --> 00:03:37,320 time, that this is a private corporation. 72 00:03:37,320 --> 00:03:40,080 The president doesn't have the power to fire Jerome Powell. 73 00:03:40,080 --> 00:03:43,520 Anyways, moving forward, which is I think a little more of a 74 00:03:43,520 --> 00:03:47,040 nuanced take is by Tom Luongo. And if you're not familiar with 75 00:03:47,040 --> 00:03:50,120 Tom Luongo, he holds a a great podcast. 76 00:03:50,280 --> 00:03:52,360 He's kind of AI mean. You might say he's a little 77 00:03:52,360 --> 00:03:55,960 contrarian, but I think he's got a good grasp on what's going on 78 00:03:55,960 --> 00:03:59,320 in the global landscape. Of course, his podcast is Gold 79 00:03:59,320 --> 00:04:03,680 Goats and wait, it's Gold goats, man. 80 00:04:03,680 --> 00:04:06,960 I'm blanking on the title of his his podcast, but highly 81 00:04:06,960 --> 00:04:08,880 recommend you look into Tom Luongo. 82 00:04:08,880 --> 00:04:13,320 Anyways, he recapped it this morning and this is his take on 83 00:04:13,320 --> 00:04:14,160 it. I'm not going to read the whole 84 00:04:14,160 --> 00:04:17,279 tweet here, but this is kind of an interesting take. 85 00:04:17,279 --> 00:04:19,600 I've heard a couple other Bitcoiners talk about this. 86 00:04:19,760 --> 00:04:22,400 You know, there's a meme going around on Twitter that, you 87 00:04:22,400 --> 00:04:25,120 know, Daddy Jerome Powell is actually doing a good thing. 88 00:04:25,120 --> 00:04:27,160 So, and this is kind of Tom Luongo thinking. 89 00:04:27,160 --> 00:04:29,640 So recapping a little bit of this tweet. 90 00:04:29,640 --> 00:04:31,600 Here we go, Tom Luongo on Twitter. 91 00:04:31,800 --> 00:04:34,400 A lot of people are waking up this morning to force feed 92 00:04:34,400 --> 00:04:37,640 narratives. Chairman Powell saying he 93 00:04:37,640 --> 00:04:40,520 wouldn't step down if asked to by Trump. 94 00:04:40,760 --> 00:04:44,440 Now going into this a little bit, he's saying that this was 95 00:04:44,440 --> 00:04:47,880 kind of a setup and powers. Powell's response wasn't a flex. 96 00:04:48,000 --> 00:04:51,240 It was a statement to Davos that the Fed doesn't work for them 97 00:04:51,240 --> 00:04:53,520 anymore. It's independence under Powell 98 00:04:53,520 --> 00:04:56,240 won the US election. The commercial banks that Trump 99 00:04:56,240 --> 00:04:59,400 is going to activate to rebuild America took a punch in the 100 00:04:59,400 --> 00:05:02,960 mouth as the Fed raised rates hard to drain the world. 101 00:05:03,120 --> 00:05:06,120 The howls you hear this morning are all in Europe, not China, 102 00:05:06,120 --> 00:05:10,360 not Russia, not Iran, the UK, they're in the UK and the EU. 103 00:05:10,640 --> 00:05:14,760 And he goes on to say we'll end the Fed, but after we've broken 104 00:05:14,760 --> 00:05:17,880 the Bank of International Settlements, the IMF, the ECB 105 00:05:17,880 --> 00:05:20,640 and most importantly the Bank of England. 106 00:05:20,800 --> 00:05:23,040 And Tom Malonga has been on this beat for a while. 107 00:05:23,040 --> 00:05:25,960 That essentially all the interest rate dance we've seen 108 00:05:25,960 --> 00:05:31,080 in the past year is not so much about, you know, us necessarily 109 00:05:31,080 --> 00:05:33,080 just trying to control our economy. 110 00:05:33,480 --> 00:05:38,480 It's really aimed at trying to bankrupt the Davos globalist 111 00:05:38,480 --> 00:05:42,880 crowd and and the creation of dollars outside of the US 112 00:05:42,880 --> 00:05:45,280 system. So as much as I am a just a 113 00:05:45,280 --> 00:05:49,480 classic, you know, G Edward Griffin creature from Jekyll 114 00:05:49,480 --> 00:05:52,080 Island Bitcoiner, I find it very interesting. 115 00:05:52,080 --> 00:05:55,360 Tom Luongo is kind of saying like, look, Jay Powell was 116 00:05:55,360 --> 00:05:57,960 actually doing some good stuff for the US. 117 00:05:58,040 --> 00:06:00,640 Is he a friend or is he an enemy? 118 00:06:00,800 --> 00:06:04,120 I think only time will tell. But what we're seeing, and this 119 00:06:04,120 --> 00:06:07,040 is the Tom Luongo train of thought, is that now we've 120 00:06:07,040 --> 00:06:09,800 separated ourselves from the globalists at Davos and we know 121 00:06:09,800 --> 00:06:12,960 what the World Economic Forum at Davos thinks about Bitcoin, what 122 00:06:12,960 --> 00:06:14,640 they think about the global landscape. 123 00:06:14,880 --> 00:06:17,440 They want you to own nothing and be happy. 124 00:06:17,680 --> 00:06:23,200 And now it seems teams like the US potentially is trying to find 125 00:06:23,200 --> 00:06:25,920 its own independence, separate ourselves from all of the crazy 126 00:06:25,920 --> 00:06:28,360 nonsense going on across the pond. 127 00:06:28,720 --> 00:06:31,040 And I just find it very interesting, You know, the 128 00:06:31,040 --> 00:06:33,320 standard trope of Bitcoiners is and the Fed. 129 00:06:33,520 --> 00:06:36,520 But this is a very interesting thought process or thought 130 00:06:36,520 --> 00:06:40,440 experiment from Tom Luongo that hey, maybe Fed is actually 131 00:06:40,440 --> 00:06:44,240 fighting to separate us from the Davos globalist crowd. 132 00:06:45,120 --> 00:06:46,160 Do we know? I don't know. 133 00:06:46,160 --> 00:06:49,600 But if you want more info on this, check out Tom Luongo's 134 00:06:49,600 --> 00:06:51,600 work. And I think I'm going to pass it 135 00:06:51,600 --> 00:06:53,800 over to Curtis. Oh, wait, before I go on, of 136 00:06:53,800 --> 00:06:56,880 course, I have our fearless leader in the Co host seat again 137 00:06:56,880 --> 00:06:59,880 today, Nico, And we have Curtis Harris from Compass today. 138 00:07:00,080 --> 00:07:01,920 So we got a jam packed show for you guys. 139 00:07:01,920 --> 00:07:05,360 But Curtis, first of all, what's your thoughts on Jerome Powell 140 00:07:05,360 --> 00:07:07,240 saying, you know, he'll never be fired? 141 00:07:07,440 --> 00:07:10,440 And then maybe go on, on, on. What's your thinking behind the 142 00:07:10,440 --> 00:07:14,720 End the Fed meme? Oh my goodness, Opti, your, your 143 00:07:15,360 --> 00:07:19,080 enthusiasm is contagious. This is so exciting to be here 144 00:07:19,080 --> 00:07:22,800 as a part of your guys's show today and even the comments that 145 00:07:22,800 --> 00:07:26,200 the simply Bitcoin community is blowing up in the comments. 146 00:07:26,200 --> 00:07:29,960 This is a a a lot of fun. My, my, my initial, you know, 147 00:07:29,960 --> 00:07:32,560 reaction is just discussed. It's our federal government is 148 00:07:32,560 --> 00:07:35,200 disgusting. They they they've overreached. 149 00:07:35,200 --> 00:07:37,080 They, they're not responsive to us. 150 00:07:37,560 --> 00:07:41,720 Obviously the, the reality that the Fed is neither federal nor 151 00:07:41,720 --> 00:07:45,240 do they have reserve is real. But just to see him up there 152 00:07:45,240 --> 00:07:48,320 shaking his head, no, I wouldn't be responsive to the elected, 153 00:07:48,600 --> 00:07:50,040 you know, to the elected president. 154 00:07:50,520 --> 00:07:53,280 I do love that the first response you went to was 155 00:07:53,280 --> 00:07:55,240 biology. I got a picture of biology 156 00:07:55,240 --> 00:07:58,240 behind me. He's been very influential in my 157 00:07:58,320 --> 00:08:02,960 my thinking about how I look at America and national and 158 00:08:02,960 --> 00:08:06,520 international politics. I think I'll try to make one 159 00:08:06,520 --> 00:08:11,120 good point and then give it back to you or, or over, over to 160 00:08:11,120 --> 00:08:13,920 Nico. I listen to Michael Saylor. 161 00:08:13,920 --> 00:08:15,680 I believe you talking. He was speaking to Robert 162 00:08:15,680 --> 00:08:18,160 Breedlove. This is probably 6-8 months ago. 163 00:08:18,160 --> 00:08:20,720 So it was a good in depth podcast conversation with 164 00:08:20,720 --> 00:08:23,520 Michael Saylor. And basically you could hear 165 00:08:23,520 --> 00:08:29,040 sailors saying in context is that we we understand Bitcoin is 166 00:08:29,080 --> 00:08:32,280 looking to replace the dollar in a variety of ways. 167 00:08:32,520 --> 00:08:36,120 But we're never going to have a financial system that doesn't 168 00:08:36,120 --> 00:08:41,760 have all of these tools and functions that it's not going to 169 00:08:41,760 --> 00:08:45,600 be all Bitcoin, it's going to be Bitcoin and all these other 170 00:08:45,600 --> 00:08:47,720 things are going to be dramatically influenced by it. 171 00:08:47,720 --> 00:08:49,640 They're never going to completely go away. 172 00:08:49,840 --> 00:08:54,160 So as much as I'm a pleb, I'm a coiner like in the Fed could 173 00:08:54,160 --> 00:08:58,520 literally be tattooed on me. I'm not sure that it's ever 174 00:08:58,520 --> 00:09:01,360 going to go away. And so maybe some of this is 175 00:09:01,360 --> 00:09:04,080 just positioning. The last thing I'd say is I I 176 00:09:04,080 --> 00:09:06,120 wouldn't want to position against Trump, though, if you're 177 00:09:06,120 --> 00:09:08,320 going to, if Powell's going to get up there and say, oh, you 178 00:09:08,320 --> 00:09:11,760 can't fire me, that's back in Trump into a corner. 179 00:09:11,760 --> 00:09:13,360 And it'd be interesting to see what happens. 180 00:09:13,360 --> 00:09:16,720 Those are my brief thoughts. Curtis, I agree with you, Curtis 181 00:09:16,720 --> 00:09:18,840 So and then it's quite interesting. 182 00:09:18,840 --> 00:09:21,000 So I actually tweeted this out yesterday. 183 00:09:21,360 --> 00:09:23,840 Completely coincidental. This is the most viral tweet 184 00:09:23,840 --> 00:09:28,400 I've ever had. 2 million views, less than 24 hours, 46,000 185 00:09:28,400 --> 00:09:30,720 likes. And I just asked a very simple 186 00:09:30,720 --> 00:09:33,000 question and it seems like it resonated with some people. 187 00:09:33,320 --> 00:09:36,640 Wait, so if the chairman of the Federal Reserve can't be fired 188 00:09:37,040 --> 00:09:39,680 and isn't elected, who is he accountable to? 189 00:09:39,920 --> 00:09:42,720 I mean, it's a it's a pretty like important question. 190 00:09:43,040 --> 00:09:45,080 Now, there was a lot of people that chimed in. 191 00:09:45,080 --> 00:09:50,480 Apparently Congress does have the authority to, you know, fire 192 00:09:50,480 --> 00:09:54,240 Jerome Powell. But the kind of pomp in that 193 00:09:54,240 --> 00:09:57,920 answer, right? You know, it's like, no, I, you 194 00:09:57,920 --> 00:09:59,400 know, I, what are you talking about? 195 00:09:59,400 --> 00:10:04,000 No, you know, was, was very, I, I don't think he realized how 196 00:10:04,000 --> 00:10:07,680 much he said in what he didn't say. 197 00:10:08,520 --> 00:10:11,040 It was, it was, it was quite revealing. 198 00:10:11,040 --> 00:10:15,200 And I agree with Curtis. I don't think right now in terms 199 00:10:15,200 --> 00:10:19,800 of the Overton window, you know, it would be socially acceptable 200 00:10:19,800 --> 00:10:23,320 or popular for most of the American, you know, electorate 201 00:10:23,560 --> 00:10:27,240 to, you know, go along with ending the Federal Reserve. 202 00:10:27,480 --> 00:10:31,920 However, I think with Trump getting elected into office, the 203 00:10:31,960 --> 00:10:36,320 Overton window has shifted dramatically in the last year in 204 00:10:36,320 --> 00:10:39,680 terms of Bitcoin policy. Talking about a a potential 205 00:10:39,880 --> 00:10:43,160 strategic reserve. Trump is talking about ending 206 00:10:43,160 --> 00:10:46,760 the federal income tax. Trump is talking about ending 207 00:10:47,280 --> 00:10:50,000 capital gains taxes on, on, on Bitcoin. 208 00:10:50,200 --> 00:10:52,640 I mean, talk about moving the Overton window. 209 00:10:52,880 --> 00:10:56,680 And here's the thing. The federal income tax was 210 00:10:56,680 --> 00:11:00,480 introduced the same year that the Federal Reserve was 211 00:11:00,480 --> 00:11:04,720 established in 1930. 13 So I think once you start going down 212 00:11:04,720 --> 00:11:09,520 the rabbit hole of the federal income tax, it leads to the Fed, 213 00:11:09,840 --> 00:11:13,560 right? So, you know, Elon is talking 214 00:11:13,560 --> 00:11:18,240 about, you know, potentially rolling out this what he calls 215 00:11:18,240 --> 00:11:20,760 doge, the Department of of government efficiency. 216 00:11:21,240 --> 00:11:25,880 And here's the thing, you know, even if you get in in, you get 217 00:11:25,880 --> 00:11:30,440 in Elon in there and you clean up, you know, the overspending 218 00:11:30,440 --> 00:11:33,880 and the inefficiencies, the problem remains the same. 219 00:11:33,880 --> 00:11:37,440 As long as the government has the ability to print money, all 220 00:11:37,440 --> 00:11:39,840 it takes is another administration to come in there 221 00:11:39,840 --> 00:11:42,200 and turn on that money printer again. 222 00:11:42,320 --> 00:11:44,360 And we're back at square one, right? 223 00:11:44,680 --> 00:11:47,520 So I think the Overton window is shifting. 224 00:11:47,520 --> 00:11:50,600 I agree with Curtis. We are not there yet, but it is 225 00:11:50,600 --> 00:11:53,640 definitely moving in that direction. 226 00:11:54,400 --> 00:11:58,960 And I would not be surprised if this whole end the Fed talk 227 00:11:59,400 --> 00:12:03,480 starts to become kind of mainstream within the in the 228 00:12:03,480 --> 00:12:07,000 next decade or so. I mean, you know, Elon was 229 00:12:07,160 --> 00:12:13,400 discussing the idea of of having Ron Paul join him on the 230 00:12:13,400 --> 00:12:15,760 Department of of government efficiency. 231 00:12:15,760 --> 00:12:19,720 And we all know how Ron Paul feels about the Federal Reserve. 232 00:12:19,720 --> 00:12:23,320 So I definitely believe that the Overton window is shifting. 233 00:12:23,440 --> 00:12:26,480 Anyways, I do want to to give a shout out to we just broke 1000 234 00:12:26,600 --> 00:12:29,600 live viewers between YouTube and X. 235 00:12:29,600 --> 00:12:33,400 So if you guys are enjoying the show so far, make sure to smash 236 00:12:33,400 --> 00:12:35,800 that like button you're listening to simply Bitcoin live 237 00:12:36,080 --> 00:12:39,360 Opti's in the host seat today. I'm Co hosting and of course our 238 00:12:39,360 --> 00:12:42,720 special guest today is Curtis from compass mining. 239 00:12:42,840 --> 00:12:45,120 Anyways, before we start the show, I do want to give a 240 00:12:45,120 --> 00:12:47,960 special shout out to simply bitcoins lead sponsor. 241 00:12:48,440 --> 00:12:51,800 Simply Bitcoin would not be possible without our partners 242 00:12:51,800 --> 00:12:55,640 and we're very very picky on who choose to partner with. 243 00:12:55,640 --> 00:12:57,680 I want to tell you guys about Bitcoin well. 244 00:12:57,680 --> 00:13:00,040 Bitcoin well is the best place to build your automatic self 245 00:13:00,040 --> 00:13:03,200 custody Bitcoin stack. Buy real Bitcoin Enable your 246 00:13:03,200 --> 00:13:07,840 independence with the fastest and safest way to buy Bitcoin in 247 00:13:07,840 --> 00:13:11,720 Canada and the USA. To get started, scan the QR code 248 00:13:11,800 --> 00:13:14,280 on your screen. 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Head over to stampse-ed.com 291 00:15:47,120 --> 00:15:50,200 today. Let's go, boys and girls. 292 00:15:50,400 --> 00:15:53,800 You use the. QR code you handling you use the 293 00:15:53,800 --> 00:15:55,240 QR. Code on your screen right now 294 00:15:55,240 --> 00:15:59,280 and you can you can use promo code simply to get 15% off 295 00:15:59,280 --> 00:16:02,080 anything on the stamp se-ed.com website opti, it's all yours. 296 00:16:02,760 --> 00:16:04,760 Let's go. OK guys we are over here of 297 00:16:04,760 --> 00:16:07,600 course on Clark Moody's dashboard, one of the best 298 00:16:07,600 --> 00:16:09,680 dashboards out there. The current Bitcoin price is 299 00:16:09,680 --> 00:16:14,840 currently at $76,300. The SAT per dollar, AKA how much 300 00:16:14,840 --> 00:16:17,760 the dollar is worth in Bitcoin, AKA how much Bitcoin you can buy 301 00:16:17,760 --> 00:16:22,560 in a single dollar is currently 1311 SAT and the current block 302 00:16:22,560 --> 00:16:28,040 hype is 869,458. And the market cap in Fiat 303 00:16:28,040 --> 00:16:32,080 terms, in dollar terms is $1.51 trillion for Bitcoin. 304 00:16:32,240 --> 00:16:34,360 And the Bitcoin versus gold market cap, look, it's it's 305 00:16:34,360 --> 00:16:37,960 still inching up a little bit guys, is that 8.09%? 306 00:16:38,120 --> 00:16:40,360 We're almost at 10% of gold's market cap. 307 00:16:40,440 --> 00:16:42,800 So much room to run in the hard money game. 308 00:16:43,040 --> 00:16:45,120 And of course, the total percentage of Bitcoin that will 309 00:16:45,120 --> 00:16:51,560 ever be issued is currently at 94.18%, which means 19.7 million 310 00:16:51,560 --> 00:16:54,400 Bitcoin are currently circulating right now. 311 00:16:54,400 --> 00:16:57,120 You might want to get some just in case it catches on, boys and 312 00:16:57,120 --> 00:17:00,000 girls. All right, this next video guys 313 00:17:00,080 --> 00:17:03,360 is this is a topic that Nico and I talk about here on the show 314 00:17:03,360 --> 00:17:06,839 constantly that the fundamental question you need to ask 315 00:17:06,839 --> 00:17:09,800 yourself, I think before you fall like besides just seeing 316 00:17:09,800 --> 00:17:12,560 the Bitcoin price go up. When you really fall down the 317 00:17:12,560 --> 00:17:15,400 rabbit hole is when you ask yourself a fundamental question 318 00:17:15,400 --> 00:17:19,280 of wait, what is money? What is this that I work and I 319 00:17:19,280 --> 00:17:22,040 slave over for? Like, what am I getting paid in 320 00:17:22,040 --> 00:17:24,640 what, what are the actual mechanisms going on with the 321 00:17:24,640 --> 00:17:26,640 money that I use, the currency that I use? 322 00:17:26,920 --> 00:17:29,360 And once you ask yourself that question of what is money? 323 00:17:29,560 --> 00:17:32,240 You, you, you're never coming back to the Fiat system. 324 00:17:32,240 --> 00:17:34,200 You're a bitcoiner. Once you have that epiphany 325 00:17:34,200 --> 00:17:38,880 moment, you are a bitcoiner. Well, we got a clip here, which 326 00:17:38,880 --> 00:17:41,920 is very interesting. This is the former CEO of Sue 327 00:17:41,920 --> 00:17:45,040 the Bees, which is, of course, you know, a big company about 328 00:17:45,040 --> 00:17:49,480 art and Valium. And this guy just just fell down 329 00:17:49,480 --> 00:17:51,320 the rabbit hole. I think it was like a year or 330 00:17:51,320 --> 00:17:54,760 two ago, but he asked himself the fundamental question of what 331 00:17:54,760 --> 00:17:57,160 is money? And now he's coming out as like, 332 00:17:57,160 --> 00:18:00,760 This is why I'm a bitcoiner. So couple things here, Of 333 00:18:00,760 --> 00:18:02,480 course, ask yourself, what is money? 334 00:18:02,480 --> 00:18:04,760 And you're never going to go back to Fiat dollars. 335 00:18:04,960 --> 00:18:08,760 And two, it is never too late to start and become a bitcoiner. 336 00:18:08,760 --> 00:18:12,160 So let's play this clip here. Let's see his thinking here, and 337 00:18:12,160 --> 00:18:15,600 let's see how quickly you can become a bitcoiner if you ask 338 00:18:15,600 --> 00:18:18,520 yourself the question of what is money? 339 00:18:20,920 --> 00:18:22,760 Oops. I can sell you a $20 million 340 00:18:22,760 --> 00:18:25,080 painting, but I can't tell you why a piece of code is money. 341 00:18:26,200 --> 00:18:30,320 That's an interesting paradox. So that was the journey. 342 00:18:31,040 --> 00:18:38,080 And so I dove deep and began to question what, why, what is 343 00:18:38,080 --> 00:18:40,360 money exactly? I thought it was currency. 344 00:18:40,360 --> 00:18:42,840 I was wrong. And then what, what creates 345 00:18:42,840 --> 00:18:44,680 value? Why do things have value? 346 00:18:45,120 --> 00:18:50,320 What, what is it about us that ascribes value to things? 347 00:18:50,600 --> 00:18:55,200 And and then I and I literally went down a rabbit hole and it's 348 00:18:55,200 --> 00:18:59,000 actually not too far off what Michael Saylor or some of these 349 00:18:59,000 --> 00:19:02,200 people talk about, about, you know, do 100 to 1000 hours on 350 00:19:02,200 --> 00:19:03,440 it. And you really dive into 351 00:19:03,440 --> 00:19:07,800 podcasts and dive into the books and ask yourself, go on an 352 00:19:07,800 --> 00:19:10,880 intellectual journey about what does all this stuff mean and why 353 00:19:10,880 --> 00:19:14,160 is it important? And then they're startling 354 00:19:14,160 --> 00:19:19,160 insights that I have now at age 59 that I didn't have at age 57 355 00:19:19,160 --> 00:19:20,840 that came from this journey. You want an example? 356 00:19:24,920 --> 00:19:31,560 I didn't realize that if the average year the money printer 357 00:19:31,560 --> 00:19:36,000 goes, call it eight to 10%, even in the Western countries, even 358 00:19:36,000 --> 00:19:41,080 in the OECD nations, and the average return on the S&P 500 is 359 00:19:41,080 --> 00:19:45,880 call it 9:00-ish percent including dividends, maybe 9.7, 360 00:19:46,040 --> 00:19:50,120 maybe a little less. That it means that all of the 361 00:19:50,120 --> 00:19:55,600 work of the S&P 500, all of the value created there is actually 362 00:19:55,600 --> 00:19:58,920 the money printer. That to me was startling. 363 00:20:00,600 --> 00:20:06,080 I mean, to think about that, the fundamental notion that in a 364 00:20:06,080 --> 00:20:08,440 closed system, or even an open system, when you're printing 365 00:20:08,440 --> 00:20:11,960 money at the rate of eight to 10% a year, everything is losing 366 00:20:11,960 --> 00:20:14,000 value. And the things that appear to be 367 00:20:14,000 --> 00:20:16,920 gaining value are not gaining value. 368 00:20:18,360 --> 00:20:21,640 They're just keeping you even. So you can put all your money in 369 00:20:21,640 --> 00:20:24,360 the S&P 500 and you're not gaining any relative wealth at 370 00:20:24,360 --> 00:20:28,760 all. Absolutely incredible guys. 371 00:20:28,760 --> 00:20:32,760 This guy is literally was the former CEO of the auction house 372 00:20:32,760 --> 00:20:35,440 for all the richest people. We talk about this constantly. 373 00:20:35,440 --> 00:20:38,720 You know, if you can't save in dollars, then you start looking 374 00:20:38,720 --> 00:20:40,920 for alternative means to store your value. 375 00:20:40,920 --> 00:20:43,000 And one of those is of course art. 376 00:20:43,280 --> 00:20:47,800 And we're seeing that there's what billions of dollars of of 377 00:20:47,800 --> 00:20:50,080 capital going into art to store their value. 378 00:20:50,240 --> 00:20:52,760 And here we are as Bitcoiners where we're just like, hey, man, 379 00:20:52,760 --> 00:20:55,680 like just start buying and saving in Bitcoin. 380 00:20:55,680 --> 00:20:58,120 This is the way. But it is very interesting that 381 00:20:58,120 --> 00:21:00,960 he was even asking himself like, wait, what is value? 382 00:21:01,120 --> 00:21:04,280 I literally sell you art to maintain your purchasing power 383 00:21:04,280 --> 00:21:07,920 as a store of value. And even these incredibly smart 384 00:21:07,920 --> 00:21:10,840 people don't understand money as well as a lot of Bitcoiners do. 385 00:21:10,840 --> 00:21:13,440 And we talk about this constantly that once you change 386 00:21:13,440 --> 00:21:16,280 your operating system to a Bitcoin standard and you look at 387 00:21:16,280 --> 00:21:19,600 the world through a Bitcoin lens, you start to understand, 388 00:21:19,600 --> 00:21:23,560 wait, where is the undervalued assets out there in the world? 389 00:21:23,720 --> 00:21:25,280 Where is the best money in the world? 390 00:21:25,280 --> 00:21:28,480 And of course, we're Bitcoiners. We think it's simply Bitcoin. 391 00:21:28,480 --> 00:21:32,000 But it is also very interesting that he did mention Michael 392 00:21:32,000 --> 00:21:34,600 Saylor himself. Yes, Michael Saylor got a little 393 00:21:34,600 --> 00:21:37,640 bit of Flack last week or two, but Michael Saylor, I think has 394 00:21:37,640 --> 00:21:41,040 been pivotal, pivotal in exposing the world, the 395 00:21:41,040 --> 00:21:45,760 corporations and the high value asset people to why Bitcoin is 396 00:21:45,760 --> 00:21:47,240 important. And now we're seeing that it's 397 00:21:47,240 --> 00:21:49,160 starting to catch on and people are asking themselves a 398 00:21:49,160 --> 00:21:51,200 fundamental question. Wait, what is money? 399 00:21:51,440 --> 00:21:54,840 You know, he was 57 years old, spent his whole life working for 400 00:21:54,840 --> 00:21:57,880 dollars, spent his whole life in a Fiat standard of Fiat 401 00:21:57,880 --> 00:22:00,640 programming. And now he's like, wait, I asked 402 00:22:00,640 --> 00:22:02,160 myself the question of what is money? 403 00:22:02,440 --> 00:22:06,400 And I ended up a Bitcoiner. But it is also interesting that 404 00:22:06,520 --> 00:22:08,880 we talk about this constantly. You know, you probably have 405 00:22:08,880 --> 00:22:10,760 friends out there that are in real estate and they're like, 406 00:22:10,760 --> 00:22:14,200 man, you know, your, your parents may be like, what I'm 407 00:22:14,200 --> 00:22:15,880 good. You know, my house went up and 408 00:22:15,880 --> 00:22:18,800 whatever, you know, it went up 100% in the last couple of 409 00:22:18,800 --> 00:22:20,360 years. And we always say the same 410 00:22:20,360 --> 00:22:22,200 thing. It's like, no, it didn't really 411 00:22:22,200 --> 00:22:26,680 go up in value per, it's just that the denominator, the 412 00:22:26,680 --> 00:22:29,920 measurement of it is going down, hence why it looks like your 413 00:22:29,920 --> 00:22:33,320 assets are increasing. And once you can understand that 414 00:22:33,320 --> 00:22:36,560 simple, simple formula, you start to look for alternatives. 415 00:22:36,560 --> 00:22:40,000 And we always do our best to try to hit this from a different 416 00:22:40,000 --> 00:22:42,800 angle and show that, look, it's a very simple switch. 417 00:22:42,800 --> 00:22:45,240 You just got to switch your money, your denominator to 418 00:22:45,240 --> 00:22:47,840 Bitcoin. Again, everything divided by 21 419 00:22:47,840 --> 00:22:50,400 million, your life is going to be simpler. 420 00:22:50,400 --> 00:22:54,040 Your life is going to get better, Your purchasing power is 421 00:22:54,040 --> 00:22:56,800 going to increase because there's only one real money in 422 00:22:56,800 --> 00:22:58,200 the world as far as I'm concerned. 423 00:22:58,360 --> 00:23:01,840 And of course, that is Bitcoin. Anyways, Nico, I'm going to pass 424 00:23:01,840 --> 00:23:05,360 it on to you because you say this every single day, OK? 425 00:23:05,360 --> 00:23:08,320 Basically on the show that the first step is asking yourself 426 00:23:08,320 --> 00:23:11,480 what is money? And the second step is you start 427 00:23:11,480 --> 00:23:14,120 to ask yourself, wait, what is the role of government here? 428 00:23:14,120 --> 00:23:15,920 What is the role? So let's jump on the 1st 429 00:23:15,920 --> 00:23:19,080 question of are you surprised that we're seeing incredibly 430 00:23:19,080 --> 00:23:21,720 rich people? You know, wealthy people start 431 00:23:21,720 --> 00:23:24,640 to ask themselves what is money? And it's really interesting that 432 00:23:24,640 --> 00:23:28,960 they can acquire so much wealth and yet still not understand the 433 00:23:28,960 --> 00:23:32,000 very basic mechanism of how money works and what is 434 00:23:32,000 --> 00:23:34,600 currency, etcetera. Yeah, absolutely. 435 00:23:34,600 --> 00:23:38,040 And look, so this is a continuation of the trends, like 436 00:23:38,040 --> 00:23:42,560 we've been seeing this for, you know, a couple years now in 437 00:23:42,560 --> 00:23:45,160 Bitcoin, right? Even Michael Saylor was kind of 438 00:23:45,160 --> 00:23:50,320 hesitant in the beginning. You know, the there's been so 439 00:23:50,320 --> 00:23:53,360 many examples of just people, very influential people, 440 00:23:53,360 --> 00:23:56,560 including Trump, right? Trump was basically saying that, 441 00:23:57,120 --> 00:23:59,840 you know, that this Bitcoin thing, he wasn't a fan of it. 442 00:24:00,280 --> 00:24:02,240 And then all of a sudden, you know, he's at the Bitcoin 443 00:24:02,240 --> 00:24:04,360 conference, You know, at the very end of the speech, it was 444 00:24:04,360 --> 00:24:06,440 so funny what he said. He's like, have fun with your 445 00:24:06,440 --> 00:24:09,200 bitcoins. So, you know, number go up 446 00:24:09,200 --> 00:24:13,520 technology is very powerful. And the thing with number go up 447 00:24:13,520 --> 00:24:19,360 technology is that it proves that money can exist without 448 00:24:19,360 --> 00:24:22,760 inflation. And if money can exist without 449 00:24:22,760 --> 00:24:26,800 inflation, it calls into question Fiat money itself. 450 00:24:27,320 --> 00:24:31,760 And if Fiat money itself is called into question, then you 451 00:24:31,760 --> 00:24:37,240 kind of start to ask yourself like, wait a second, like if 452 00:24:37,240 --> 00:24:42,160 Bitcoin is better money, then why have they been telling us 453 00:24:42,160 --> 00:24:46,960 that inflation is some like, like it's like part of Mother 454 00:24:46,960 --> 00:24:49,040 Nature. It's like it's almost as if it's 455 00:24:49,040 --> 00:24:54,120 just, it's just, it's just there And it it kind of it kind of 456 00:24:54,120 --> 00:24:59,200 wakes you up in a way and it starts to make you ask questions 457 00:24:59,200 --> 00:25:03,440 in terms of wait a second. So I pay income tax. 458 00:25:03,840 --> 00:25:08,360 That's the social contract. I never agreed to the money tax. 459 00:25:08,680 --> 00:25:12,160 And make no mistake, inflation is tax. 460 00:25:12,160 --> 00:25:16,120 I mean, Elon said this the other day, you know, on, on, on one of 461 00:25:16,120 --> 00:25:18,960 the campaign speeches that he was doing to get Trump elected. 462 00:25:19,400 --> 00:25:22,680 He he was making the case like, look, inflation is a form of 463 00:25:22,680 --> 00:25:26,960 taxation because that is how they're paying for things. the 464 00:25:27,040 --> 00:25:32,560 US government last year in, in, in 2023, they spent 1.7 465 00:25:32,560 --> 00:25:34,640 trillion. That's trillion with AT that's 466 00:25:34,640 --> 00:25:38,080 more than the GDP of most countries on planet Earth. 467 00:25:38,440 --> 00:25:40,200 Then they collected in tax revenue. 468 00:25:40,640 --> 00:25:44,600 How did how were they able to spend more than they collected? 469 00:25:45,400 --> 00:25:49,600 They printed the difference. What people have failed to see 470 00:25:49,600 --> 00:25:52,520 yet, even though that Overton window is shifting and shifting 471 00:25:52,520 --> 00:25:57,640 very fast, is that the, it's not free. 472 00:25:58,080 --> 00:26:02,600 It's not free like the, the, the all this funding all this, you 473 00:26:02,600 --> 00:26:04,800 know that you hear the government saying, oh, you know, 474 00:26:04,920 --> 00:26:09,680 we spent $10 billion on that. That is directly coming out of 475 00:26:09,680 --> 00:26:11,920 your pocket if you're holding dollars. 476 00:26:12,400 --> 00:26:16,520 The thing about Bitcoin, though, if you're holding Bitcoin, it 477 00:26:16,520 --> 00:26:22,040 actually highlights the fact that not only can money survive 478 00:26:22,520 --> 00:26:27,960 without inflation, but it also highlights the fact that the 479 00:26:27,960 --> 00:26:32,400 world should actually be getting progressively cheaper as time 480 00:26:32,400 --> 00:26:37,640 goes by, as you see increases in productivity due to technology. 481 00:26:37,640 --> 00:26:41,640 I mean, this is the case that Jeff Booth makes in the book The 482 00:26:41,640 --> 00:26:44,840 Price of Tomorrow. Bitcoin is the only money, the 483 00:26:44,840 --> 00:26:49,120 only unit of account that is properly reflecting that with 484 00:26:49,120 --> 00:26:50,920 Fiat. I mean, Sailor puts it 485 00:26:50,920 --> 00:26:53,920 beautifully. He says if you're saving and 486 00:26:53,920 --> 00:26:57,240 earning in Fiat, it's like you're literally holding a 487 00:26:57,240 --> 00:27:01,720 melting ice cube in your hand. And this is precisely why 488 00:27:01,920 --> 00:27:06,040 Michael Saylor, when he adopted a Bitcoin strategy, is 489 00:27:06,040 --> 00:27:09,040 outperforming the rest of the S&P 500. 490 00:27:09,280 --> 00:27:12,920 Microsoft release a press release the other day where they 491 00:27:12,920 --> 00:27:16,640 were asking their investors, should we invest in Bitcoin 492 00:27:16,640 --> 00:27:20,560 because we're a software company, We make more revenue 493 00:27:20,560 --> 00:27:24,640 than MicroStrategy, but MicroStrategy is outperforming 494 00:27:24,640 --> 00:27:28,600 our stock by 313 percent. What's going on there? 495 00:27:28,840 --> 00:27:32,040 Well, it's just clear Michael Saylor has adopted a Bitcoin 496 00:27:32,040 --> 00:27:34,240 strategy. I know what that's done for me 497 00:27:34,240 --> 00:27:36,800 on an individual level. I know what it's done for Opti. 498 00:27:36,800 --> 00:27:38,840 I know what it's done for simply my company. 499 00:27:39,520 --> 00:27:43,440 It's a cheat code in a world where most people are still 500 00:27:43,440 --> 00:27:47,920 living on a Fiat standard. So to kind of weave it back in, 501 00:27:48,200 --> 00:27:51,000 I think you're going to see a continuation of this trend where 502 00:27:51,000 --> 00:27:54,640 people are going to wake up and say, wait a second, you know 503 00:27:54,880 --> 00:27:57,760 what, what is money? What is this thing? 504 00:27:58,080 --> 00:28:01,120 This isn't exactly what we were sold on. 505 00:28:01,320 --> 00:28:03,720 We never agreed to this money tax. 506 00:28:03,920 --> 00:28:07,040 What is going on? And I think number go up. 507 00:28:07,040 --> 00:28:11,480 Technology is just going to continue to, you know, wake 508 00:28:11,480 --> 00:28:15,120 people up to the reality. And again, the inevitable 509 00:28:15,120 --> 00:28:18,680 question where I'm personally at in my rabbit hole journey and 510 00:28:18,680 --> 00:28:23,240 then I want to pass it on to Curtis is like, what is the role 511 00:28:23,240 --> 00:28:25,960 of government, right? What is the role of government? 512 00:28:25,960 --> 00:28:27,960 I think it's a very, very important question. 513 00:28:28,280 --> 00:28:32,080 Should government be in the business of getting to narrate 514 00:28:32,080 --> 00:28:33,960 what is truth? What is not truth? 515 00:28:34,440 --> 00:28:37,720 Should government get into the business of, you know, deciding 516 00:28:37,720 --> 00:28:41,400 to, you know, think about it in terms of EU s s foreign policy 517 00:28:41,400 --> 00:28:44,800 for the last 50 years, it's been endless wars. 518 00:28:45,200 --> 00:28:47,520 And then how are they able to pay for those wars? 519 00:28:48,360 --> 00:28:50,760 Printing money. They can't pay for those wars 520 00:28:50,760 --> 00:28:55,480 via direct taxation. So again, it it it kind of calls 521 00:28:55,480 --> 00:28:59,680 into question, you know, like things are things are radically 522 00:28:59,680 --> 00:29:03,400 going to change in my opinion, and I think it's going to be for 523 00:29:03,400 --> 00:29:06,120 the better. And I think individuals are 524 00:29:06,120 --> 00:29:08,880 going to really, really benefit from this. 525 00:29:09,040 --> 00:29:13,040 I think Bitcoin is middle class money in my opinion, because 526 00:29:13,200 --> 00:29:16,920 Fiat money disproportionately affects the lower middle classes 527 00:29:16,920 --> 00:29:20,200 the most because they don't have the means to save in assets. 528 00:29:20,680 --> 00:29:23,960 So Bitcoin I think is for the middle class. 529 00:29:24,040 --> 00:29:26,680 And I think more and more people are going to wake up to that 530 00:29:26,680 --> 00:29:29,280 reality as number go up does its thing. 531 00:29:29,720 --> 00:29:33,480 Curtis, I mean, are you surprised to, you know, hear 532 00:29:33,480 --> 00:29:36,680 these words for from from another, you know, influential, 533 00:29:36,680 --> 00:29:39,760 powerful person, successful person. 534 00:29:41,000 --> 00:29:43,320 It's not surprising to me. It's a surprising to you. 535 00:29:43,720 --> 00:29:45,400 Are you seeing things on your end? 536 00:29:45,800 --> 00:29:52,520 Are you seeing this trend? Well, the I mentioned in my 537 00:29:52,520 --> 00:29:56,560 first comments how excited I was to be here in Opti's contagious 538 00:29:56,560 --> 00:29:59,120 enthusiasm. You know, another thing that's 539 00:29:59,120 --> 00:30:03,040 contagious in this conversation is your guys is just core 540 00:30:03,040 --> 00:30:06,440 Bitcoin fundamentals. It this is an incredibly 541 00:30:06,440 --> 00:30:09,120 comfortable conversation to to be in. 542 00:30:09,160 --> 00:30:10,480 You know, Nico, I think you mentioned it. 543 00:30:10,480 --> 00:30:11,920 They were going to see more of this. 544 00:30:11,920 --> 00:30:14,280 This is what global adoption looks like. 545 00:30:14,600 --> 00:30:17,200 I I don't fault him. I'm not mad at him, but I can 546 00:30:17,200 --> 00:30:20,960 see in that video and know from his, you know, esteemed position 547 00:30:20,960 --> 00:30:24,040 that he stands closer to the money printer than I do. 548 00:30:24,960 --> 00:30:26,960 People with, you know, high net worth. 549 00:30:26,960 --> 00:30:31,160 They look to art in order to, you know, secure their wealth 550 00:30:31,160 --> 00:30:33,960 and to move it forward And did you know other generations and 551 00:30:33,960 --> 00:30:37,760 also to play strategies and to combat against the government. 552 00:30:37,760 --> 00:30:41,480 So there's there's no doubt in my mind that that man has a 553 00:30:41,480 --> 00:30:45,280 different perspective of our money system than I do. 554 00:30:45,400 --> 00:30:48,840 But obviously I got it asking the real fundamental question, 555 00:30:48,840 --> 00:30:52,840 what is money? And to see him go through that, 556 00:30:52,840 --> 00:30:55,000 I think that is what global adoption looks like. 557 00:30:55,640 --> 00:30:58,840 Nico, you, you mentioned Michael Saylor and the, the you know, 558 00:30:58,840 --> 00:31:01,760 his melting ice cube theory. That's really one of the reasons 559 00:31:01,760 --> 00:31:03,720 that I was here. My my background was 560 00:31:03,720 --> 00:31:07,840 construction, civil engineering, zoning, land use, regulatory 561 00:31:07,840 --> 00:31:10,200 approval. I used to be a suit and tie guy 562 00:31:10,200 --> 00:31:13,920 in front of city commissions. I was really at the top of my 563 00:31:13,920 --> 00:31:15,400 career. I loved what I did, but we got a 564 00:31:15,400 --> 00:31:18,320 bunch of kids. I was being crushed by 565 00:31:18,320 --> 00:31:22,920 inflation, personally crushed by inflation, 1 income family. 566 00:31:23,040 --> 00:31:26,120 I couldn't pay for braces and I just couldn't figure it out. 567 00:31:26,800 --> 00:31:29,600 All this money, I can't afford braces. 568 00:31:29,600 --> 00:31:34,160 I started asking myself that very basic question, what is 569 00:31:34,160 --> 00:31:35,960 money? I think I was being influenced 570 00:31:35,960 --> 00:31:39,280 by a variety of the podcasts around me and it was Michael 571 00:31:39,280 --> 00:31:43,040 Saylor's passion explanation of the melting ice cube theory that 572 00:31:43,040 --> 00:31:46,720 really brought me in. And so now, if we if we 573 00:31:46,720 --> 00:31:52,160 understand, you know, U.S. government printed currency is 574 00:31:52,160 --> 00:31:55,600 not what money is. It's a a fallacy that we've 575 00:31:55,600 --> 00:31:57,720 been, you know, led to believe it works. 576 00:31:57,720 --> 00:32:00,560 We're lucky we're in America. We have, you know, my, my 577 00:32:00,560 --> 00:32:03,640 paycheck gets direct deposited, my credit card works. 578 00:32:03,920 --> 00:32:06,960 The global economy isn't the same. 579 00:32:07,240 --> 00:32:10,120 But if we get to the point where we we know that the money's 580 00:32:10,120 --> 00:32:11,840 broken. And now we get into the bigger 581 00:32:11,840 --> 00:32:16,800 question is what is government? Wow, that that is a a profound 582 00:32:16,800 --> 00:32:21,320 question. I do I, I do see and we just saw 583 00:32:21,320 --> 00:32:24,920 the election. We saw, you know, Elon and you 584 00:32:24,920 --> 00:32:27,960 know, and Trump and you know, fire Gensler. 585 00:32:27,960 --> 00:32:32,680 We, we saw a left, right divide over Bitcoin that I, I wish 586 00:32:32,680 --> 00:32:34,960 wasn't there. I wish that there wasn't that, 587 00:32:36,040 --> 00:32:39,320 you know, liberal conservative divide over Bitcoin. 588 00:32:39,320 --> 00:32:44,040 It it I do see some of that. And it also feels like hardcore 589 00:32:44,040 --> 00:32:48,800 Bitcoiners are, are very interested in reduced government 590 00:32:49,000 --> 00:32:53,480 and shrinking government, less government interference, less 591 00:32:53,480 --> 00:32:57,480 money printing. And so I think I own smaller 592 00:32:57,480 --> 00:32:59,760 government as a part of my core ethos. 593 00:32:59,760 --> 00:33:02,760 But I, I do think that that could just be a part of a, a 594 00:33:02,760 --> 00:33:05,640 Bitcoin culture. What what is your guys's 595 00:33:05,640 --> 00:33:10,720 experience been you interact with this audience daily? 596 00:33:11,200 --> 00:33:15,480 I I I think bitcoiners are by their nature small government 597 00:33:16,080 --> 00:33:19,320 fundamentalist. Yeah, I mean, so I think the 598 00:33:19,760 --> 00:33:24,280 like, I think the, the, you know, and I, you said something 599 00:33:24,280 --> 00:33:27,440 very, very important, Curtis, and I want to echo that, right, 600 00:33:27,720 --> 00:33:30,920 which is Bitcoin is a technology, It's a neutral 601 00:33:30,920 --> 00:33:32,600 technology. It's for everyone. 602 00:33:32,600 --> 00:33:37,720 It's it should not be partisan. I think it was we were forced as 603 00:33:37,720 --> 00:33:42,800 a community to take a more partisan stance because of the 604 00:33:42,800 --> 00:33:46,800 attack on the industry from the current administration operation 605 00:33:46,800 --> 00:33:51,040 choke .2 point O the proposed 30% Bitcoin mining tax. 606 00:33:51,880 --> 00:33:56,120 You know, the the attack on on on self custody, the arrest of 607 00:33:56,120 --> 00:33:59,920 Bitcoin privacy developers. So you know it it kind of forced 608 00:33:59,920 --> 00:34:02,400 us into a corner to have to fight back. 609 00:34:02,400 --> 00:34:05,440 And I do want to give credit or credit is due to all the 610 00:34:05,440 --> 00:34:08,320 organizations, whether is Bitcoin Policy Institute, Coin 611 00:34:08,320 --> 00:34:11,320 Center, Coinbase actually did a pretty good job in terms of 612 00:34:11,320 --> 00:34:16,239 lobbying in Washington to really kind of, you know, fight back 613 00:34:16,239 --> 00:34:20,040 against this overreach. So I don't think it's necessary. 614 00:34:20,040 --> 00:34:23,440 I don't think it's that Bitcoiners are necessarily 615 00:34:23,440 --> 00:34:26,600 inherently against big government. 616 00:34:26,600 --> 00:34:31,120 I think Bitcoiners are Bitcoiners are very vocal 617 00:34:31,280 --> 00:34:37,480 against government overreach in regards to their ability to take 618 00:34:37,480 --> 00:34:42,199 self custody of their Bitcoin and use Bitcoin as, as, as a, as 619 00:34:42,199 --> 00:34:45,400 a form of savings. I, I don't see that. 620 00:34:45,400 --> 00:34:49,199 I, I, I haven't seen Bitcoiners even, you know, this is a 621 00:34:49,199 --> 00:34:53,400 conversation I've had with Opti. I, I haven't seen Bitcoiners 622 00:34:53,560 --> 00:34:55,920 even care about politics. In fact, we got a lot of 623 00:34:55,920 --> 00:34:59,480 pushback when we started talking about politics is because we 624 00:34:59,480 --> 00:35:04,920 were forced to from the audience because they're like, I, I'm 625 00:35:04,920 --> 00:35:06,640 tuning into this to hear about Bitcoin. 626 00:35:06,640 --> 00:35:09,080 I'm not tuning, tuning in to to hear about politics. 627 00:35:09,080 --> 00:35:14,120 Now in that regard, there are some libertarian ethos and 628 00:35:14,120 --> 00:35:17,600 ideals into Bitcoin because I think the, the very idea of 629 00:35:17,600 --> 00:35:20,560 sound money. I think the very idea of kind of 630 00:35:20,880 --> 00:35:24,880 Austrian economics, I think the very idea of of of, you know, 631 00:35:26,120 --> 00:35:29,400 the taking away the government's ability to kind of debase the 632 00:35:29,400 --> 00:35:33,840 currency and kind of have this top down centrally planned type 633 00:35:33,840 --> 00:35:36,280 of economy. I think you can definitely make 634 00:35:36,280 --> 00:35:39,560 the case that that is more kind of libertarian, that is more 635 00:35:39,560 --> 00:35:42,880 like Austrian economics versus Kenzian economics. 636 00:35:43,160 --> 00:35:45,320 And I think that there are some similarities there. 637 00:35:45,560 --> 00:35:48,400 But I think fundamentally, Curtis, what it comes down to is 638 00:35:48,640 --> 00:35:51,000 just most Bitcoiners want to be left alone. 639 00:35:51,080 --> 00:35:52,680 Like that's really what it comes down to. 640 00:35:52,680 --> 00:35:55,800 It's like, look, I want to have my family, you know, I want to 641 00:35:55,800 --> 00:35:57,880 be sovereign, I want my money to be sovereign. 642 00:35:58,080 --> 00:36:01,200 I want to have the, the most important thing I think here and 643 00:36:01,320 --> 00:36:04,080 the reason as to why Bitcoin was created in the 1st place. 644 00:36:04,960 --> 00:36:07,280 And, and you feel this the most if you're in the younger 645 00:36:07,280 --> 00:36:09,320 generation, specifically millennials and Gen. 646 00:36:09,320 --> 00:36:13,000 Z ers that we are poor, our generations are poorer than our 647 00:36:13,000 --> 00:36:16,280 parents, right? So Bitcoin was born out of the 648 00:36:16,280 --> 00:36:19,040 2008 financial crisis. You know, it says in the genesis 649 00:36:19,040 --> 00:36:23,400 block Chancellor on the brink of the second bailout for Bank for 650 00:36:23,400 --> 00:36:25,760 Banks. Satoshi inherently knew that 651 00:36:25,760 --> 00:36:28,080 they were just going to continue printing money. 652 00:36:28,360 --> 00:36:32,280 And he created a system so that the average everyday individuals 653 00:36:32,520 --> 00:36:35,800 can protect themselves from monetary debasement. 654 00:36:36,000 --> 00:36:41,440 And in the process of that, essentially now for the first 655 00:36:41,440 --> 00:36:44,440 time, if you're in the lower middle class and you're earning 656 00:36:44,440 --> 00:36:48,320 and saving in Bitcoin, you have the ability to save for the 657 00:36:48,320 --> 00:36:51,120 future. That that's beautiful, right? 658 00:36:51,120 --> 00:36:54,360 And I think that's really what it comes down to rather than the 659 00:36:54,360 --> 00:36:58,200 traditional, what I call Fiat politics of the left and right 660 00:36:58,600 --> 00:37:01,800 of, you know, these both opposing political parties 661 00:37:01,960 --> 00:37:05,200 really fighting over who gets to control the money printer. 662 00:37:05,360 --> 00:37:08,920 That's my opinion. Well, you're, you're calling out 663 00:37:08,920 --> 00:37:11,320 a Bitcoin as, as middle class money. 664 00:37:11,320 --> 00:37:14,360 That really resonated with me. And like, you know, that where, 665 00:37:14,360 --> 00:37:17,240 where I live in the communities outside of Bitcoin that I'm 666 00:37:17,240 --> 00:37:19,600 involved in, it is, it is a lifeline. 667 00:37:19,600 --> 00:37:23,720 It's the ability to move the, the value created through my 668 00:37:23,720 --> 00:37:26,360 labor into the future. I just want to be able to 669 00:37:26,360 --> 00:37:29,480 protect and provide for my family into the future. 670 00:37:29,480 --> 00:37:33,560 And when my government prints money at 8 to 10% a year that 671 00:37:33,560 --> 00:37:35,640 they're they're stealing directly from me. 672 00:37:36,960 --> 00:37:41,280 Absolutely, 100% and, and, and in a way, Curtis, I would even 673 00:37:41,280 --> 00:37:45,040 make the argument that it's a silent protest, you know, 674 00:37:45,040 --> 00:37:48,920 because you're not, you know, this isn't, this isn't a, you 675 00:37:48,920 --> 00:37:52,560 know, you're not going out there and with picket signs and you 676 00:37:52,560 --> 00:37:54,560 know, you going out there, you're basically saying, you 677 00:37:54,560 --> 00:37:57,680 know what, I, I, I don't wish to participate in this system. 678 00:37:58,040 --> 00:38:00,720 I'm going to opt out and I'm going to opt out into Bitcoin. 679 00:38:00,720 --> 00:38:03,920 I think that's really what it what it boils down to, so. 680 00:38:04,880 --> 00:38:09,840 Anyways, Opti, yeah, I mean, look, I I'm probably the 681 00:38:09,840 --> 00:38:14,920 extremist here on the show, but yeah, I believe in small 682 00:38:14,920 --> 00:38:17,280 government. I think that the reason that the 683 00:38:17,280 --> 00:38:20,480 government is as bloated as it is, the reason we're seeing so 684 00:38:20,480 --> 00:38:23,560 many problems from the federal government is because they are 685 00:38:23,560 --> 00:38:26,760 backed by the money printer. And, you know, I think we should 686 00:38:26,760 --> 00:38:30,320 go back, what's the mean, like go back to tradition and try to 687 00:38:30,320 --> 00:38:34,720 have as small a government as possible without the tool or the 688 00:38:34,840 --> 00:38:37,760 weapon, if you might say that, of the money printer to get away 689 00:38:37,760 --> 00:38:40,320 with a lot of the stuff that the population doesn't agree with. 690 00:38:40,320 --> 00:38:43,680 And so, yeah, I'm a small government maxi here. 691 00:38:43,920 --> 00:38:46,840 I think the federal government's been bloated, way too big. 692 00:38:47,040 --> 00:38:48,920 And it's all fueled by the money printer. 693 00:38:48,920 --> 00:38:50,800 And I think Bitcoin is that valve. 694 00:38:50,800 --> 00:38:55,080 And, you know, maybe not in our lifetimes, but hopefully in our 695 00:38:55,080 --> 00:38:57,680 lifetime, we will see the federal governments are all 696 00:38:57,680 --> 00:39:01,000 governments of the world start to shrink once the money printer 697 00:39:01,000 --> 00:39:03,920 power starts to dwindle. And I, I, you know, we're in the 698 00:39:03,920 --> 00:39:07,040 beginning of this, but I am hopeful that it's going to 699 00:39:07,040 --> 00:39:08,640 happen. But yeah, I'm, I'm the extremist 700 00:39:08,640 --> 00:39:10,800 here. I'm, I'm the one like, yo, I, I 701 00:39:10,800 --> 00:39:13,600 don't think I'm a full anarcho capitalist because I think that 702 00:39:13,600 --> 00:39:16,080 also does come with some, some trade-offs. 703 00:39:16,080 --> 00:39:18,880 But yeah, I would like to minimize governmental power. 704 00:39:18,880 --> 00:39:20,800 Obviously. I, I'm definitely an 705 00:39:20,800 --> 00:39:24,880 individualist in that concern. All right, Nico, let's get into 706 00:39:25,000 --> 00:39:27,880 the news. We do have a lot to talk about. 707 00:39:29,720 --> 00:39:32,960 A special shout out to our sponsor, Compass Mining. 708 00:39:33,360 --> 00:39:36,760 They make Bitcoin mining accessible to everyone, from 709 00:39:36,760 --> 00:39:39,360 beginners to experienced investors. 710 00:39:39,640 --> 00:39:43,920 Their turnkey miners gets you online and hashing within 48 711 00:39:43,920 --> 00:39:47,640 hours, making it easier than ever to start your mining 712 00:39:47,640 --> 00:39:50,200 journey. 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They're so pretty. 739 00:41:31,200 --> 00:41:34,400 They're so simple to use completely open source guys, 740 00:41:34,480 --> 00:41:37,000 this is I'm I'm going to buy a bunch of these for my family. 741 00:41:37,000 --> 00:41:38,720 You know it's Christmas season coming up. 742 00:41:39,000 --> 00:41:42,720 I got to make sure my whole family secure so passports all 743 00:41:42,720 --> 00:41:44,840 around. We're making sure we buy some 744 00:41:44,840 --> 00:41:48,760 passports scan the QR code right here use a promo code simply all 745 00:41:48,760 --> 00:41:53,360 right guys 11 quick update just because I think it would be 746 00:41:53,360 --> 00:41:56,320 remiss if I didn't if I didn't talk about this on today's show, 747 00:41:56,640 --> 00:41:59,840 but yesterday remember yesterday I talked about the ETFs in the 748 00:41:59,840 --> 00:42:02,360 news as well. They had incredible amount of 749 00:42:02,360 --> 00:42:05,040 inflows. Well, today actually rather at 750 00:42:05,120 --> 00:42:10,240 at the end of the day, it it became very clear that Bitcoin 751 00:42:10,240 --> 00:42:13,400 is by far the best ETF launch ever. 752 00:42:13,560 --> 00:42:18,080 And so BlackRock Bitcoin ETF has now surpassed its gold ETF in 753 00:42:18,080 --> 00:42:21,640 assets in just ten months. I think that's more signal of 754 00:42:21,640 --> 00:42:24,360 what we've been talking about that institutional capital like 755 00:42:24,360 --> 00:42:27,640 the meme institutions are here, they are here and they want 756 00:42:27,640 --> 00:42:31,160 Bitcoin. They are going, you know, head 757 00:42:31,160 --> 00:42:33,640 first into Bitcoin. So you can see the numbers here. 758 00:42:33,920 --> 00:42:39,440 The BlackRock ETF just passed, what is this 33 billion and the 759 00:42:39,440 --> 00:42:42,680 gold ETF, their gold ETF is at 32.9 billion. 760 00:42:42,680 --> 00:42:44,880 So those numbers are only going to increase. 761 00:42:45,160 --> 00:42:46,800 I just wanted to touch on that real quick. 762 00:42:46,920 --> 00:42:50,520 And another news story that I'm updating you on is we did a 763 00:42:50,520 --> 00:42:54,000 video, I think it was Wednesday about ever since Trump got 764 00:42:54,000 --> 00:42:57,880 elected, that the global hash word, the global race to adopt 765 00:42:57,880 --> 00:43:00,560 Bitcoin is starting to take hold. 766 00:43:00,640 --> 00:43:03,240 And now everyone has to take Bitcoin seriously. 767 00:43:03,600 --> 00:43:05,840 Now I'm not going to play this video for you guys because, you 768 00:43:05,840 --> 00:43:08,560 know, I don't speak Chinese. I I don't think our audience 769 00:43:08,560 --> 00:43:12,520 speaks Chinese, but there is a clip apparently going around 770 00:43:12,520 --> 00:43:16,520 from the China Central TV talking about the Trump 771 00:43:16,520 --> 00:43:19,560 announcement of the Bitcoin strategic reserve stockpile. 772 00:43:19,960 --> 00:43:23,120 And so you can see that the trend is waking up. 773 00:43:23,120 --> 00:43:26,080 And here we have a grok, you know, summarization of this and 774 00:43:26,080 --> 00:43:28,240 shout out to Nolan for doing a clip of this. 775 00:43:28,520 --> 00:43:30,200 And his tweet just goes just think about it. 776 00:43:30,200 --> 00:43:33,240 Trump's strategic Bitcoin reserve trended in China and 777 00:43:33,240 --> 00:43:36,520 caused it to trend globally. There's no way you're bullish 778 00:43:36,520 --> 00:43:38,120 enough. And we literally said this 779 00:43:38,120 --> 00:43:39,600 Wednesday, what's the meme, Nico? 780 00:43:39,600 --> 00:43:42,120 Get your Bitcoin news. Get tomorrow's Bitcoin news 781 00:43:42,120 --> 00:43:44,600 today. And once you understand how the 782 00:43:44,600 --> 00:43:48,080 game theory plays out, it it things become a little easier to 783 00:43:48,080 --> 00:43:50,080 predict. Anyways, here's the growth 784 00:43:50,160 --> 00:43:54,520 summarization of this headline. Trump's crypto strategy sparks 785 00:43:54,520 --> 00:43:57,040 international interest Following Donald Trump's recent 786 00:43:57,040 --> 00:44:00,240 presidential election victory, report from Chinese media 787 00:44:00,240 --> 00:44:03,840 outlets, including China's central TV, have highlighted his 788 00:44:03,840 --> 00:44:07,440 campaign promises to position the United States as the global 789 00:44:07,440 --> 00:44:11,400 leader in cryptocurrency. These reports mentioned Trump 790 00:44:11,600 --> 00:44:15,760 Trump's intention to make the US the world's crypto capital and 791 00:44:15,760 --> 00:44:19,720 to establish a strategic Bitcoin reserve aiming to significantly 792 00:44:19,720 --> 00:44:21,680 influence the global crypto dynamics. 793 00:44:21,680 --> 00:44:25,280 The validity and implementation timeline of these promises still 794 00:44:25,280 --> 00:44:28,720 remain speculative, but it's happening and the conversation 795 00:44:28,720 --> 00:44:30,920 is happening. I literally said on Wednesday 796 00:44:31,400 --> 00:44:36,160 that since Trump got elected and this Bitcoin strategic stockpile 797 00:44:36,160 --> 00:44:40,040 is, is seemingly becoming a reality that every other nation 798 00:44:40,040 --> 00:44:43,840 in the world, all of China, you know, all of Russia, they all 799 00:44:43,840 --> 00:44:46,280 have to take Bitcoin very seriously. 800 00:44:46,280 --> 00:44:49,680 Now, we all know 2021 got stomped because of the China 801 00:44:49,680 --> 00:44:51,520 Bitcoin banner. At least that's kind of our 802 00:44:51,520 --> 00:44:54,280 theory here on the show. But we've also seen that in 803 00:44:54,280 --> 00:44:57,200 recent times, China's kind of, you know, tiptoeing back in, 804 00:44:57,360 --> 00:44:59,240 there's a Hong Kong Bitcoin ETFs. 805 00:44:59,240 --> 00:45:01,760 And then further, we've seen that Russia now has legalized 806 00:45:01,760 --> 00:45:04,120 Bitcoin mining. You know, they're talking about, 807 00:45:04,120 --> 00:45:06,360 hey, you can use Bitcoin in our country. 808 00:45:06,560 --> 00:45:10,040 So you can see that the global Bitcoin race is taking off. 809 00:45:10,040 --> 00:45:14,640 And so, hey, look, the US has what about a month or so to 810 00:45:14,640 --> 00:45:17,520 implement this Bitcoin strategic reserve stockpile. 811 00:45:17,720 --> 00:45:20,880 Of course, there's a lot of conversations of the actual 812 00:45:20,880 --> 00:45:24,120 technicalities of how this is going to play out, whether Trump 813 00:45:24,120 --> 00:45:27,440 is actually going to fulfill on his promises. 814 00:45:27,600 --> 00:45:30,080 You know, Cynthia Lummus came out yesterday and reaffirmed 815 00:45:30,080 --> 00:45:33,200 that they are trying to do a Bitcoin strategic stockpile. 816 00:45:33,400 --> 00:45:36,120 So there's still there's still a lot of uncertainty are 817 00:45:36,120 --> 00:45:39,080 surrounding the US and whether they're going to adopt Bitcoin, 818 00:45:39,160 --> 00:45:42,360 whether it's even a good thing. But you can see that the 819 00:45:42,360 --> 00:45:46,440 conversation is happening now. And China for all the what, how 820 00:45:46,440 --> 00:45:50,640 many, how many obituaries has China had like 180 something 821 00:45:50,920 --> 00:45:55,080 times they banned Bitcoin. Now since the US is at least 822 00:45:55,080 --> 00:45:57,720 talking about it, it's becoming almost a real thing. 823 00:45:58,040 --> 00:46:01,880 Every country in the world now has to take this idea, a Bitcoin 824 00:46:01,880 --> 00:46:04,960 strategic reserve, a Bitcoin strategic stockpile very 825 00:46:04,960 --> 00:46:07,200 seriously. And we know the numbers here. 826 00:46:07,400 --> 00:46:11,520 the US holds around 210,000, China holds around 190,000 827 00:46:11,520 --> 00:46:14,280 Bitcoin. So it really is, you know, 828 00:46:14,280 --> 00:46:17,680 winner takes all here. Yes, El Salvador made Bitcoin 829 00:46:17,680 --> 00:46:19,440 legal tender. Yes, they have a Bitcoin 830 00:46:19,440 --> 00:46:23,480 strategic stockpile, but let's not forget GDP is like what, 32 831 00:46:23,480 --> 00:46:25,760 billion? That's not even in like the top 832 00:46:25,760 --> 00:46:29,240 100 of corporate big corporations in the US. 833 00:46:29,240 --> 00:46:33,120 So once we see one of these big one of the big GDP's one of the 834 00:46:33,120 --> 00:46:36,360 larger nations in the world really take Bitcoin adoption 835 00:46:36,360 --> 00:46:40,320 seriously there, there might be too big of a head start to turn 836 00:46:40,320 --> 00:46:41,640 the ship. And it's becoming very 837 00:46:41,640 --> 00:46:43,520 interesting that you're seeing this play out. 838 00:46:43,640 --> 00:46:46,720 It's not just as bitcoiners speculating, they're talking 839 00:46:46,720 --> 00:46:48,640 about it. You see this hitting China's 840 00:46:48,640 --> 00:46:52,240 television network. So the Trump announcement, the 841 00:46:52,240 --> 00:46:54,760 Trump election is starting to make waves. 842 00:46:55,000 --> 00:46:56,880 The Trump effect is in full effect. 843 00:46:56,880 --> 00:46:59,200 You know, Trump pump happening soon. 844 00:46:59,560 --> 00:47:02,400 We're we're looking like it's just it feels so good winning. 845 00:47:02,400 --> 00:47:05,080 What was the mean Manico? You're going to get tired of 846 00:47:05,080 --> 00:47:08,160 winning so hard. I'm, I'm not, it's for Trump, 847 00:47:08,160 --> 00:47:10,760 but I'm just getting tired of winning so hard as a Bitcoiner. 848 00:47:10,960 --> 00:47:12,320 We're able to predict the future. 849 00:47:12,520 --> 00:47:14,680 The price is pumping. We're in price discovery mode. 850 00:47:14,680 --> 00:47:17,480 Man, it feels so good being a bitcoiner. 851 00:47:17,480 --> 00:47:21,240 Like if you're new to the show, you need to start stacking 852 00:47:21,240 --> 00:47:24,040 Bitcoin very seriously and aggressively. 853 00:47:24,200 --> 00:47:26,440 If you've been around for a while, you're like, yeah, I know 854 00:47:26,440 --> 00:47:28,760 I knew this was going to happen. But, you know, here's some more 855 00:47:28,760 --> 00:47:30,960 validation here. We're winning so hard. 856 00:47:31,280 --> 00:47:33,440 Anyways, let's pass it to Curtis because I see you laughing. 857 00:47:33,600 --> 00:47:35,840 Having a good time over there. What's your thoughts on the 858 00:47:35,840 --> 00:47:38,280 fact? I mean, let's let's do the Trump 859 00:47:38,400 --> 00:47:40,760 Bitcoin strategic reserve announcement and that it's 860 00:47:40,760 --> 00:47:44,280 making global interest like it's it's trending globally right 861 00:47:44,280 --> 00:47:46,720 now. So man, are we going to see this 862 00:47:46,720 --> 00:47:50,400 happen in the US or will another country kind of leapfrog and 863 00:47:50,400 --> 00:47:53,160 announcer own Bitcoin strategic reserve strategy? 864 00:47:53,320 --> 00:47:57,160 You, you see, you see me laughing out of just giddy 865 00:47:57,160 --> 00:48:02,280 enthusiasm for being being around you Opti like I do not 866 00:48:02,280 --> 00:48:04,760 have enough Bitcoin. That's what my that's what my 867 00:48:04,760 --> 00:48:07,920 overall issue is. You know, I think it is game 868 00:48:07,920 --> 00:48:10,160 theory. It's it's exactly as you, as 869 00:48:10,160 --> 00:48:13,680 you've laid it out. If other countries believe that 870 00:48:13,680 --> 00:48:17,640 the United States is going to pivot its, you know, financial 871 00:48:17,640 --> 00:48:22,040 system and develop a Bitcoin strategic reserve, they have to 872 00:48:22,040 --> 00:48:25,480 do the same thing and, you know, as fast as we do or at the same 873 00:48:25,480 --> 00:48:27,800 time. So you would certainly expect, 874 00:48:27,800 --> 00:48:29,720 you know, you know, Nico mentioned it earlier. 875 00:48:29,720 --> 00:48:34,480 Is NGU right number go up. I I, I, I think that, you know, 876 00:48:34,720 --> 00:48:37,960 I saw in the comments that a dollar cost average and stay 877 00:48:37,960 --> 00:48:40,240 solvent. And we we all need to just 878 00:48:40,520 --> 00:48:42,920 continue to get more Bitcoin because there's going to be a 879 00:48:42,920 --> 00:48:47,120 point when it'll be out priced and we won't be able to to to 880 00:48:47,120 --> 00:48:50,560 afford more of it. Totally, 100%. 881 00:48:50,560 --> 00:48:53,600 We say that every single time and and it may becomes truer 882 00:48:53,600 --> 00:48:56,480 even when the price starts to pump because everyone gets crazy 883 00:48:56,480 --> 00:48:59,200 and they're like, I'm remortgaging my house. 884 00:48:59,840 --> 00:49:02,120 I'm selling everything to stack more stats. 885 00:49:02,120 --> 00:49:05,440 And it's like, hey, love it. I love the enthusiasm, but stay 886 00:49:05,440 --> 00:49:08,400 humble, stack stats, stay solvent, make sure you pay your 887 00:49:08,400 --> 00:49:11,120 bills, You know, make sure you don't over leverage yourself 888 00:49:11,120 --> 00:49:13,400 because I've seen a lot of friends get hurt doing that. 889 00:49:13,400 --> 00:49:16,800 Just stack SAT and stay humble. This is the way. 890 00:49:16,800 --> 00:49:19,200 Anyways, Nico, what's your thoughts on actually you can 891 00:49:19,200 --> 00:49:21,480 touch both the ETF. Actually, let's not talk about 892 00:49:21,480 --> 00:49:23,000 the ETF. I think we're bored of the ETF 893 00:49:23,000 --> 00:49:24,640 at this point. I just wanted to update people 894 00:49:24,640 --> 00:49:26,640 on that. But that we've been talking 895 00:49:26,640 --> 00:49:30,040 about this throughout the year and especially since Trump came 896 00:49:30,040 --> 00:49:33,680 out, just how the game theory has shifted ever since Trump has 897 00:49:33,680 --> 00:49:35,640 announced his pro Bitcoin stance. 898 00:49:35,840 --> 00:49:38,440 You know, we've seen it on the left and right aisle and now 899 00:49:38,440 --> 00:49:41,360 we're seeing it on the nation state level like it's heating 900 00:49:41,360 --> 00:49:43,280 up, man, 2025 is going to be explosive. 901 00:49:43,280 --> 00:49:45,960 Maybe it maybe the bull run's going to last longer than 2025. 902 00:49:45,960 --> 00:49:47,280 I don't know. Super cycle. 903 00:49:47,520 --> 00:49:51,120 Are we hearing super cycle? I don't know Nico, what's your 904 00:49:51,120 --> 00:49:54,640 thoughts? Yeah, I mean it, it's it's it's 905 00:49:54,640 --> 00:49:56,560 surreal. But first, I do want to give a 906 00:49:56,560 --> 00:50:00,120 shout out to the 1500 of you guys watching live between 907 00:50:00,480 --> 00:50:03,440 YouTube Rumble Annex. So make sure to smash that like 908 00:50:03,440 --> 00:50:04,960 button really, really helps with the algos. 909 00:50:05,280 --> 00:50:07,960 I mean, let's see, let's see if it happens. 910 00:50:08,640 --> 00:50:11,080 I give it a, there's a Polli market. 911 00:50:11,080 --> 00:50:13,240 Did you know that OFTI, there's a Polli market. 912 00:50:13,240 --> 00:50:15,520 Odds on it right now it's at 27%. 913 00:50:16,960 --> 00:50:23,800 So, and the reason for that is so Trump has a, for anyone who 914 00:50:23,800 --> 00:50:25,080 doesn't follow American politics. 915 00:50:25,080 --> 00:50:28,360 So Trump has a slight majority in the Senate. 916 00:50:28,360 --> 00:50:32,880 Looks like it's going to be like 53 Senate seats and he has a 917 00:50:32,960 --> 00:50:36,560 slight majority in the House. So you need a 218 seats to have 918 00:50:36,560 --> 00:50:38,640 a majority in the House. He's going to have about, it's 919 00:50:38,640 --> 00:50:42,800 estimated he's going to have about 222 in the House. 920 00:50:42,800 --> 00:50:46,800 All you need for regulation to get passed is a majority in the 921 00:50:46,800 --> 00:50:48,120 Senate. However, there's something 922 00:50:48,120 --> 00:50:52,080 called the filibuster. And what tends to happen is if 923 00:50:52,280 --> 00:50:55,520 the opposing political party doesn't agree with a certain 924 00:50:55,520 --> 00:51:00,120 law, they can filibuster it. And you actually need 60 votes 925 00:51:00,120 --> 00:51:03,120 to overcome the filibuster. The Republicans only have 53. 926 00:51:03,640 --> 00:51:07,160 So it, you know, that's all kind of intended to protect the 927 00:51:07,160 --> 00:51:09,960 minority when the majority is in power. 928 00:51:10,760 --> 00:51:17,760 So it's, it's Trump is not going to be able to pass legislation 929 00:51:17,960 --> 00:51:21,520 without some type of collaboration with the 930 00:51:21,520 --> 00:51:24,080 Democrats. Now, the good news is that the 931 00:51:24,080 --> 00:51:28,120 Democratic Party as a whole is not monolithic. 932 00:51:28,480 --> 00:51:34,560 And there are Democratic senators that are a pro Bitcoin. 933 00:51:34,880 --> 00:51:38,600 And there is actually a, a, a piece written by Trey Walsh. 934 00:51:38,600 --> 00:51:41,920 Trey Walsh is the host of the progressive Bitcoiner podcast. 935 00:51:42,280 --> 00:51:47,280 And he made the case that, you know, the the Democrats need to 936 00:51:47,760 --> 00:51:50,440 accept Bitcoin and adopt Bitcoin in order for the party to 937 00:51:50,440 --> 00:51:53,520 survive. And what what I would say is, 938 00:51:53,520 --> 00:51:57,160 you know, you had Ro Khanna with Ro Khanna as a congressman from 939 00:51:57,160 --> 00:51:59,320 California from the Democratic Party. 940 00:51:59,560 --> 00:52:01,200 And he spoke at the Bitcoin conference. 941 00:52:01,200 --> 00:52:06,680 So again, Trump's not going to be able to just shove in 942 00:52:06,680 --> 00:52:10,280 legislation because he has a majority. 943 00:52:10,520 --> 00:52:14,440 He's going to have to reach across the aisle and try to 944 00:52:14,440 --> 00:52:17,960 negotiate. That being said, I still think 945 00:52:17,960 --> 00:52:23,600 that he can do a lot from the executive branch through 946 00:52:23,600 --> 00:52:27,560 executive orders. But those, those are temporary, 947 00:52:27,760 --> 00:52:29,280 right? And those could also be 948 00:52:29,280 --> 00:52:33,080 challenged legally as well, even though he does have a mandate 949 00:52:33,080 --> 00:52:35,360 now that because he won the popular vote. 950 00:52:35,760 --> 00:52:38,800 So, you know, I'm really interested to see what he's 951 00:52:38,800 --> 00:52:42,520 going to do. I think that he has two years 952 00:52:42,520 --> 00:52:46,560 specifically to really get as much legislation done as 953 00:52:46,560 --> 00:52:50,120 possible because from a historical perspective, the 954 00:52:50,640 --> 00:52:54,800 incumbent party tends to lose control of the House during the 955 00:52:54,800 --> 00:52:56,640 midterms. So the midterms are about two 956 00:52:56,640 --> 00:52:59,720 years from now. So I'm very, very bullish on a 957 00:52:59,720 --> 00:53:01,960 Trump presidency. I think it's going to be very 958 00:53:01,960 --> 00:53:05,480 positive in terms of getting the executive branch and the 959 00:53:05,480 --> 00:53:10,320 judicial branch of government off our backs, which is great. 960 00:53:10,320 --> 00:53:14,720 It's going to give us breathing room for the next 4 years, which 961 00:53:14,720 --> 00:53:17,920 is very, very bullish. But in terms of legislation, 962 00:53:17,920 --> 00:53:21,480 which is what is going to what is going to be needed in order 963 00:53:21,480 --> 00:53:27,040 for a Bitcoin strategic reserve, I agree with the Poly market ads 964 00:53:27,240 --> 00:53:30,640 27% because he's going to have to reach across the aisle. 965 00:53:30,720 --> 00:53:37,560 He's going to have to convince 7 Democratic senators to sign off 966 00:53:37,920 --> 00:53:41,320 on that bill, right? So Curtis. 967 00:53:41,520 --> 00:53:44,120 I see. You know, I'm not incredibly 968 00:53:44,120 --> 00:53:47,720 bullish on the United States government doing anything, even 969 00:53:47,720 --> 00:53:50,480 with Donald Trump and the Republicans having control of 970 00:53:50,480 --> 00:53:54,040 both houses. However, I'll put beside the the 971 00:53:54,040 --> 00:53:56,560 Bitcoin strategic reserve. And Trump is not alone. 972 00:53:57,120 --> 00:54:02,160 Senator Lummus, is it it? She gets this inherently in her 973 00:54:02,160 --> 00:54:05,720 heart and she is championing it as a massive and real cause. 974 00:54:05,960 --> 00:54:09,680 And she has bipartisan support with, you know, Senator 975 00:54:09,680 --> 00:54:12,480 Gillibrand. I, I think that if, if you have 976 00:54:12,480 --> 00:54:16,600 the support of the president and of the House, I, I think that 977 00:54:16,600 --> 00:54:20,640 the Senate is completely capable of coming along. 978 00:54:20,640 --> 00:54:23,080 So I'm, I'm optimistic. I haven't seen the polymark 979 00:54:23,080 --> 00:54:25,440 itself. So, yeah, and, and I agree 980 00:54:25,440 --> 00:54:29,520 there, there is support, but you know what's what's what's really 981 00:54:29,520 --> 00:54:30,760 there. There's something beautiful 982 00:54:30,760 --> 00:54:34,280 about this, Curtis, is that we're going to find out which 983 00:54:34,440 --> 00:54:38,600 senators are opposed to the Bitcoin movement. 984 00:54:38,840 --> 00:54:40,520 That's what's going to be exposed. 985 00:54:40,760 --> 00:54:44,200 But yes, you can pass a law technically with the majority in 986 00:54:44,200 --> 00:54:47,000 the Senate, but they can filibuster it. 987 00:54:47,000 --> 00:54:51,320 And if they do filibuster it, he's going to need 60 votes in 988 00:54:51,320 --> 00:54:54,800 order in order for that legislation to end up on Trump's 989 00:54:54,800 --> 00:54:58,920 desk for him to sign it. Hey, you, you mentioned 1500 990 00:54:59,040 --> 00:55:01,960 viewers that that's amazing. I just want to compliment your 991 00:55:01,960 --> 00:55:04,760 your incredibly nuanced and detailed understanding of 992 00:55:04,760 --> 00:55:06,720 American politics and the way you related. 993 00:55:06,720 --> 00:55:08,920 This is just a pleasure to be on your guys's show today, 994 00:55:08,920 --> 00:55:11,160 gentlemen. Well, I appreciate it, Curtis. 995 00:55:11,160 --> 00:55:12,440 Thank you so much for joining us. 996 00:55:12,440 --> 00:55:15,720 And we just broke 1600 live viewers, so the live viewers are 997 00:55:16,040 --> 00:55:17,160 ticking up. Guys. 998 00:55:17,160 --> 00:55:19,920 If you guys are enjoying the show so far, make sure to smash 999 00:55:19,920 --> 00:55:22,000 that like button stick around because we're going to talk 1000 00:55:22,000 --> 00:55:26,200 about all things compass mining. We have Curtis here today and 1001 00:55:26,200 --> 00:55:29,400 we're going to ask him all these questions about compass, about 1002 00:55:29,400 --> 00:55:32,320 hosting, all this good stuff. So stick around everybody. 1003 00:55:32,320 --> 00:55:33,800 Let's hit the culture. Here we go. 1004 00:55:45,240 --> 00:55:47,720 All right, everybody, I do want to give a shout out to our 1005 00:55:47,720 --> 00:55:53,480 sponsor, the Orange Pull Apps Stack Friends who stack sats. 1006 00:55:53,800 --> 00:55:56,920 The Orange Pull app is a great resource for when you're on the 1007 00:55:56,920 --> 00:55:58,640 go. So let's say you're traveling, 1008 00:55:58,880 --> 00:56:01,080 you're going to a new city for a conference. 1009 00:56:01,320 --> 00:56:03,680 Let's say the conference is only two days, but you're there for 1010 00:56:03,680 --> 00:56:05,920 seven days. What do you do those other days 1011 00:56:05,960 --> 00:56:08,200 you pull up? The Orange Pull app has a really 1012 00:56:08,200 --> 00:56:11,840 clever geographical feature and it will show you the Bitcoiners 1013 00:56:11,840 --> 00:56:14,960 that are near you and it gives you the ability to send them a 1014 00:56:14,960 --> 00:56:18,120 message message directly so that you can connect with them. 1015 00:56:18,400 --> 00:56:21,240 It's also the number one resource for Bitcoin only 1016 00:56:21,240 --> 00:56:23,000 events. So if you're again, you're 1017 00:56:23,000 --> 00:56:25,280 travelling, you're going to a conference, perhaps you've been 1018 00:56:25,280 --> 00:56:28,000 in your city for a while and you just don't know any Bitcoin or 1019 00:56:28,000 --> 00:56:31,000 events near you. The orange pull app is for you. 1020 00:56:31,400 --> 00:56:34,960 So to get started, scan the QR code, check the link in the 1021 00:56:34,960 --> 00:56:40,040 video description and join the 13,590 bitcoiners that are 1022 00:56:40,040 --> 00:56:43,720 currently on the app has it also a really clever filtration 1023 00:56:43,720 --> 00:56:46,960 system. So you will not not find spam on 1024 00:56:46,960 --> 00:56:49,400 the application. You'll only find fellow 1025 00:56:49,440 --> 00:56:51,120 bitcoiners. All right, everybody, let's 1026 00:56:51,120 --> 00:56:54,400 start out let's start off this conversation with Curtis. 1027 00:56:54,600 --> 00:56:59,120 Curtis is with Compass mining. Compass mining is one of our 1028 00:56:59,120 --> 00:57:00,920 partners. Like I said, we're very, very 1029 00:57:00,920 --> 00:57:05,400 picky on who we who we decide to partner with at simply Bitcoin. 1030 00:57:05,560 --> 00:57:10,680 And the mission of Compass mining is to get everyone now 1031 00:57:10,680 --> 00:57:14,320 everyone can mine Bitcoin. That's what Compass is all 1032 00:57:14,320 --> 00:57:15,880 about. It's kind of like a turnkey 1033 00:57:15,880 --> 00:57:17,960 solution. If you're interested in mining 1034 00:57:17,960 --> 00:57:23,560 Bitcoin, a lot of people understand specifically now, not 1035 00:57:23,560 --> 00:57:26,960 so much in the, in the in the early days. 1036 00:57:27,280 --> 00:57:32,640 Mining is very energy intensive and what tends to happen is if 1037 00:57:32,640 --> 00:57:35,840 you, you know, residential energy costs. 1038 00:57:35,840 --> 00:57:41,480 Oh, sorry, I just, if you bring that up again, energy, energy is 1039 00:57:41,720 --> 00:57:44,960 mining is very energy intensive. What happen is if you mine at 1040 00:57:44,960 --> 00:57:48,600 home, you're not going to get industrial rates for 1041 00:57:48,600 --> 00:57:50,680 electricity. You're going to get residential 1042 00:57:50,680 --> 00:57:52,880 rates. Those are significantly more 1043 00:57:52,880 --> 00:57:55,520 expensive, especially if you live in certain states. 1044 00:57:55,680 --> 00:57:58,080 I live in Florida. It's about 12 to $0.14. 1045 00:57:58,520 --> 00:58:01,640 For it to be economical for you to mine, it needs to be lower 1046 00:58:01,640 --> 00:58:03,560 than that. And that's where compass mining 1047 00:58:03,560 --> 00:58:06,680 comes in, right? So they give you these lower 1048 00:58:06,680 --> 00:58:09,360 rates in electricity and it's also turnkey. 1049 00:58:09,480 --> 00:58:13,800 So you buy the miners within a couple, within a couple days, 1050 00:58:14,040 --> 00:58:17,200 bada Bing, bada boom, the miner is up and running and you're 1051 00:58:17,200 --> 00:58:20,000 receiving those sweet, sweet, sweet Satoshi's. 1052 00:58:20,240 --> 00:58:23,600 So if you're interested in mining, but you're looking at 1053 00:58:23,600 --> 00:58:28,560 it, you know, the compass mining is a great way to to get 1054 00:58:28,560 --> 00:58:32,280 started. So is that a good pitch, Curtis? 1055 00:58:32,480 --> 00:58:36,800 Oh my goodness, we, we, we got to add those sweet, sweet, sweet 1056 00:58:36,800 --> 00:58:40,760 Satoshi's to our, to our marketing material because that 1057 00:58:40,760 --> 00:58:43,840 just that just drips that you, you did, you did great, Nico. 1058 00:58:44,400 --> 00:58:46,640 It was it, it was actually a lot. 1059 00:58:46,680 --> 00:58:48,400 You know, you mentioned us being partners. 1060 00:58:48,400 --> 00:58:52,560 It was actually a lot of fun to be in the show when our ad was 1061 00:58:52,560 --> 00:58:55,000 read earlier. We're, we're just incredibly 1062 00:58:55,200 --> 00:58:59,280 happy to be here and to be a part of your, your community and 1063 00:58:59,280 --> 00:59:03,000 your audience. We, we did pioneer and invent 1064 00:59:03,000 --> 00:59:08,000 that Bitcoin mining hosting model that you just described 1065 00:59:08,000 --> 00:59:11,280 because it is hard. The as as Bitcoin mining the 1066 00:59:11,280 --> 00:59:18,160 industry, you know grew, the machines became so much more 1067 00:59:18,160 --> 00:59:23,880 louder and hot and used a lot of electricity that it really just 1068 00:59:23,880 --> 00:59:28,080 became unreasonable for most people to operate a Bitcoin 1069 00:59:28,080 --> 00:59:31,000 mining machine in their house. So what we what we were able to 1070 00:59:31,000 --> 00:59:35,200 do is we invented a business model where we aggregated you 1071 00:59:35,200 --> 00:59:38,880 and I owning one or two or three or five machines. 1072 00:59:39,160 --> 00:59:42,640 And we were able to, you know, put us all together as a large 1073 00:59:42,640 --> 00:59:46,640 group and deploy into these massive facilities where we do 1074 00:59:46,640 --> 00:59:50,440 get the low cost energy, which helps us to be able to stack 1075 00:59:50,440 --> 00:59:52,400 those sweet, sweet, sweet Satoshi's. 1076 00:59:53,000 --> 00:59:55,920 Absolutely, absolutely. And I, I, I kind of want to talk 1077 00:59:55,920 --> 00:59:58,640 about this like turnkey aspect of it, right? 1078 00:59:59,000 --> 01:00:01,920 Listen, IIA, lot of people don't know this about me. 1079 01:00:02,240 --> 01:00:04,960 I actually got into the industry via mining. 1080 01:00:05,080 --> 01:00:09,080 I transitioned to media in 2020 but actually got into the 1081 01:00:09,080 --> 01:00:12,240 industry in mining back in 2620, 2016, 2017. 1082 01:00:13,000 --> 01:00:15,720 And you know that there is a room in my house that I 1083 01:00:15,720 --> 01:00:19,760 literally, you know, I had a sliding door and I put a dry 1084 01:00:19,760 --> 01:00:23,680 panel wall in there and I made holes in that dry panel wall. 1085 01:00:23,960 --> 01:00:28,240 And I would, you know, buy these 3D printed vents that you would 1086 01:00:28,240 --> 01:00:30,120 screw into the back of the S nine. 1087 01:00:30,120 --> 01:00:33,000 So the hot air would, you know, get out. 1088 01:00:33,000 --> 01:00:36,480 And I had a whole closet. I think I had like 14S nines in 1089 01:00:36,480 --> 01:00:39,040 there. And you can hear this mining 1090 01:00:39,040 --> 01:00:40,920 thing from anywhere around the house. 1091 01:00:42,480 --> 01:00:47,560 But what tended to happen very quickly is I started getting the 1092 01:00:48,120 --> 01:00:52,520 power bills and it was great because it was 2017, you know, 1093 01:00:52,520 --> 01:00:56,840 we went from 1K to TO20K and it was phenomenal. 1094 01:00:58,000 --> 01:01:01,160 I thought it was a genius. I would buy an S 9 three months 1095 01:01:01,160 --> 01:01:02,320 later. This never happens with 1096 01:01:02,320 --> 01:01:05,800 hardware, hardware to values. The price would go higher and 1097 01:01:05,800 --> 01:01:09,120 I'd be like, wow, I'm a genius. And then 2018 came around and 1098 01:01:09,120 --> 01:01:14,240 man, oh man, did I unplug those very, very quickly. 1099 01:01:14,440 --> 01:01:18,240 Now, you know, in hindsight, I wish I stuck it out because that 1100 01:01:18,240 --> 01:01:20,040 would have been great, but I didn't. 1101 01:01:20,840 --> 01:01:24,840 But the point I'm trying to make is when I set up a mine at home, 1102 01:01:25,080 --> 01:01:28,120 I quickly realized, first of all, it's not scalable. 1103 01:01:29,840 --> 01:01:32,120 There's only so many amps that you can get to your house. 1104 01:01:32,720 --> 01:01:36,280 Second of all, it starts to look suspicious when you have these 1105 01:01:36,440 --> 01:01:40,400 very thick power cables outside of your house going to a 1106 01:01:40,400 --> 01:01:46,160 specific room. And second of all, you want that 1107 01:01:46,160 --> 01:01:48,480 cheap electricity because that's the name of the game. 1108 01:01:48,480 --> 01:01:50,480 That's where it fundamentally comes down to. 1109 01:01:50,840 --> 01:01:56,160 And The thing is specifically now it's very expensive to build 1110 01:01:56,160 --> 01:01:59,880 out an entire site, right? So you don't really have a 1111 01:01:59,880 --> 01:02:03,080 choice like you mine at home, but you're you have very 1112 01:02:03,080 --> 01:02:07,920 expensive electricity cost or you build out a site, you know 1113 01:02:08,040 --> 01:02:10,760 to do it. Well, it's going to at least 100 1114 01:02:10,760 --> 01:02:14,640 thousand $250,000 all the electrical infrastructure. 1115 01:02:14,960 --> 01:02:19,240 This is where Compass mining comes in because essentially it 1116 01:02:19,240 --> 01:02:21,840 lowers the barrier of entry, right? 1117 01:02:21,840 --> 01:02:25,080 You want to start mining Bitcoin, You don't have to spend 1118 01:02:25,080 --> 01:02:28,720 $250,000 to buy a site. You know, you don't have to get 1119 01:02:28,720 --> 01:02:31,760 wrecked mining at home, paying those residential costs. 1120 01:02:32,040 --> 01:02:35,800 And I live in Florida, right? California and New York, you're 1121 01:02:35,800 --> 01:02:39,120 toast. Forget about it's like $0.24 per 1122 01:02:39,120 --> 01:02:40,360 kWh. Forget about it. 1123 01:02:40,440 --> 01:02:41,840 It's it's not going to happen, right? 1124 01:02:42,800 --> 01:02:45,080 So this is where Compass comes in. 1125 01:02:45,320 --> 01:02:47,440 You want to mine, you want to mine Bitcoin. 1126 01:02:48,360 --> 01:02:53,120 You you turn to these guys to turn key solution and Bada Bing 1127 01:02:53,120 --> 01:02:57,760 bada boom purchased the miner and it's it's hashing within how 1128 01:02:57,760 --> 01:03:00,120 how many hours Curtis is it 2448? 1129 01:03:00,480 --> 01:03:03,120 48 That's right. Awesome awesome. 1130 01:03:03,120 --> 01:03:06,560 I know that you guys also because this is another another 1131 01:03:06,560 --> 01:03:11,440 thing that I ran into as well personally, which is part of 1132 01:03:11,440 --> 01:03:14,840 Bitcoin mining is not only, you know, setting up the machines 1133 01:03:14,840 --> 01:03:20,160 plugging them in part of Bitcoin mining as well is selling the 1134 01:03:20,160 --> 01:03:24,000 machines, right? And here's the thing that's not 1135 01:03:24,000 --> 01:03:27,400 easy eBay. Holy cow, I had nightmares. 1136 01:03:28,480 --> 01:03:31,640 You guys have an incredible marketplace where it makes it 1137 01:03:31,640 --> 01:03:35,640 incredibly easy to sell the machines whenever the client 1138 01:03:35,640 --> 01:03:38,680 wants to and the client doesn't have to get their their hands 1139 01:03:38,680 --> 01:03:40,680 dirty. They don't have to do anything. 1140 01:03:40,880 --> 01:03:43,680 It's just they go to the marketplace, you know, they sell 1141 01:03:43,680 --> 01:03:45,680 their machine, they could, you know, they could buy the 1142 01:03:45,680 --> 01:03:47,840 machine. Could you take, could you talk a 1143 01:03:47,840 --> 01:03:51,000 little bit about the Compass Mining Marketplace and Opti? 1144 01:03:51,000 --> 01:03:54,480 If you can, could you pull that up so everyone can? 1145 01:03:54,840 --> 01:03:59,280 Just I, I, I will talk about it. I, I hope we actually get a 1146 01:03:59,280 --> 01:04:01,120 chance to talk more about several things. 1147 01:04:01,120 --> 01:04:05,760 I'm excited to hear about your your mining with S nines back in 1148 01:04:05,880 --> 01:04:08,720 2016. I, I'm I'm mine. 1149 01:04:08,800 --> 01:04:11,040 I'm mine at home. I repurpose the heat. 1150 01:04:11,040 --> 01:04:13,920 I pay for more, more expensive electricity. 1151 01:04:14,920 --> 01:04:18,680 Us bitcoiners are ruthless. We'll do crazy things, but you 1152 01:04:18,680 --> 01:04:24,480 know, Sailor says to buy Bitcoin, to mine Bitcoin and to 1153 01:04:24,480 --> 01:04:27,040 invest in Bitcoin mining companies in that order. 1154 01:04:27,040 --> 01:04:30,160 So, you know, I always start with, if you're investing in 1155 01:04:30,160 --> 01:04:32,000 Bitcoin, you should be buying it, right? 1156 01:04:32,000 --> 01:04:35,360 But then once you've already adopted Bitcoin as an ethos and 1157 01:04:35,360 --> 01:04:38,440 you're looking, how do you get more, You're going to quickly 1158 01:04:38,440 --> 01:04:42,560 discover that mining Bitcoin is often one of the cheapest ways 1159 01:04:42,560 --> 01:04:45,320 to acquire Bitcoin. You can create Bitcoin at a 1160 01:04:45,320 --> 01:04:48,960 lower cost and you traditionally are able to buy it at spot. 1161 01:04:49,000 --> 01:04:52,200 And then there's this, the unique thing that probably this 1162 01:04:52,200 --> 01:04:55,920 audience gets is that when you mine Bitcoin, you're acquiring 1163 01:04:55,920 --> 01:04:59,240 non KYC SAT. So when you're mining directly 1164 01:04:59,240 --> 01:05:02,080 to your wallet, you didn't acquire that Bitcoin through an 1165 01:05:02,080 --> 01:05:04,160 exchange. You didn't have to give any of 1166 01:05:04,160 --> 01:05:08,280 your information to Jerome Powell or or whoever the the the 1167 01:05:08,280 --> 01:05:10,640 next president is. And I think that's really 1168 01:05:10,640 --> 01:05:13,080 attractive. You're, you're asking about our 1169 01:05:13,080 --> 01:05:16,400 marketplace, which we, we invented that a couple years 1170 01:05:16,400 --> 01:05:17,920 ago. It's actually just been a 1171 01:05:17,920 --> 01:05:21,480 phenomenal tool for our customers for onboarding and 1172 01:05:21,480 --> 01:05:24,200 offboarding from different generations of machines. 1173 01:05:24,480 --> 01:05:28,160 The idea that you can have a Bitcoin miner and ASIC that's 1174 01:05:28,160 --> 01:05:30,280 sitting there, it's running, it's been running in one of our 1175 01:05:30,280 --> 01:05:33,760 facilities for a couple years. All the Bitcoin directly to your 1176 01:05:33,760 --> 01:05:35,360 wallet. You've been paying a monthly 1177 01:05:35,360 --> 01:05:38,440 electricity bill, but now there's a new generation of 1178 01:05:38,440 --> 01:05:39,920 machine. It's more efficient. 1179 01:05:39,920 --> 01:05:43,280 You want to upgrade your fleet. So what do you do with that old 1180 01:05:43,280 --> 01:05:45,120 machine? Do you have U.S. box it up and 1181 01:05:45,120 --> 01:05:47,600 send it to you And now you're going to sell it on eBay just 1182 01:05:47,600 --> 01:05:50,840 the way you you mentioned? No, you're actually able able to 1183 01:05:50,840 --> 01:05:55,600 resell that machine running in its existing place to a new 1184 01:05:55,600 --> 01:05:57,800 customer. So now you're typically selling 1185 01:05:57,800 --> 01:05:59,760 it for less. You mentioned sometimes machines 1186 01:05:59,760 --> 01:06:02,920 do go up in value. We saw that on our marketplace 1187 01:06:02,920 --> 01:06:05,760 two years ago. But right now what you see is 1188 01:06:05,760 --> 01:06:09,000 that you can, you can go on our marketplace and buy a, a Bitcoin 1189 01:06:09,000 --> 01:06:13,280 mining ASIC for a few $100 and dip your toe into that 1190 01:06:13,280 --> 01:06:16,360 experience of starting to have those Satoshi's come directly 1191 01:06:16,360 --> 01:06:19,360 into your wallet. I think that's a phenomenal 1192 01:06:19,360 --> 01:06:22,960 benefit of the marketplace on top of what you led with is that 1193 01:06:22,960 --> 01:06:25,320 when it it lets you also have a way to exit. 1194 01:06:25,320 --> 01:06:30,360 It's just very phenomenal system it it lets you mine Bitcoin and 1195 01:06:30,360 --> 01:06:33,240 then when you're ready to upgrade to a more efficient 1196 01:06:33,240 --> 01:06:36,520 fleet, you just sell it right there. 100% And another thing 1197 01:06:36,520 --> 01:06:41,640 that I've all also experienced right another pain point Curtis 1198 01:06:41,640 --> 01:06:47,120 is you know these these miners, they get shipped from from you 1199 01:06:47,120 --> 01:06:50,080 know they get shipped from Shenzhen, they come in, you 1200 01:06:50,080 --> 01:06:52,320 know, you open them bit main all that stuff. 1201 01:06:52,320 --> 01:06:55,400 There is a point where they only made you buy them in Bitcoin 1202 01:06:55,400 --> 01:06:58,400 Cash and they have a very particular smell when you plug 1203 01:06:58,400 --> 01:07:01,840 them in initially the the fan Revs up. 1204 01:07:01,840 --> 01:07:04,600 You don't know where that hash is going, Jihan. 1205 01:07:05,720 --> 01:07:07,920 And yeah, some things happen, right? 1206 01:07:08,080 --> 01:07:11,920 But some of these machines there, they've gotten 1207 01:07:11,920 --> 01:07:14,320 dramatically better as time has progressed. 1208 01:07:14,520 --> 01:07:19,040 But some of these machines tend to break and it tends to be a 1209 01:07:19,040 --> 01:07:21,800 little bit of a pain. It's gotten dramatically better. 1210 01:07:22,360 --> 01:07:25,560 But initially what you'd have to do if one of the boards break is 1211 01:07:25,560 --> 01:07:28,080 you'd have to send that puppy back, right? 1212 01:07:28,640 --> 01:07:31,840 And you would get that puppy back six months later and in six 1213 01:07:31,840 --> 01:07:35,400 months, six months in mining worlds and profitability is. 1214 01:07:36,520 --> 01:07:41,240 So Curtis, I know that you guys do in house maintenance and in 1215 01:07:41,240 --> 01:07:44,160 house fixing of these minors. Can you talk a little bit about 1216 01:07:44,160 --> 01:07:46,040 that? Yeah, it's just your vertical 1217 01:07:46,040 --> 01:07:47,880 integration. What we figured out the same 1218 01:07:47,880 --> 01:07:50,760 things that that you, you experience is that if, if we 1219 01:07:50,760 --> 01:07:53,400 wanted to deliver the best experience for our customers, 1220 01:07:53,400 --> 01:07:55,760 their machines needed to be running all the time. 1221 01:07:56,120 --> 01:07:59,800 And like a, a hair dryer or toaster, sometimes even brand 1222 01:07:59,800 --> 01:08:02,480 new equipment, it'll come in and it's, and it's bad or it's 1223 01:08:02,480 --> 01:08:05,480 broken and you want to be able to have a good relationship with 1224 01:08:05,480 --> 01:08:08,680 the manufacturer so you can just immediately warranty that and 1225 01:08:08,680 --> 01:08:11,080 replace it. But then these machines sit 1226 01:08:11,080 --> 01:08:14,120 there and run at a very high amount of electricity and just 1227 01:08:14,160 --> 01:08:16,960 on constantly and they do sometimes have problems. 1228 01:08:16,960 --> 01:08:21,120 And so the ability to repair or replace that so that you're back 1229 01:08:21,120 --> 01:08:24,680 online and hashing and mining faster is phenomenal. 1230 01:08:24,680 --> 01:08:30,120 The most common element to fail on a Bitcoin miner is the fan. 1231 01:08:30,120 --> 01:08:33,319 And one of the things that we figured out is that our, our 1232 01:08:33,319 --> 01:08:35,680 business model is we do free fan replacements. 1233 01:08:35,680 --> 01:08:39,120 The, the, the challenge that we're going to e-mail you and we 1234 01:08:39,120 --> 01:08:43,920 need 12 or $20 to replace a fan or that we're going to send it 1235 01:08:43,920 --> 01:08:46,479 back to China to get a fan. And we're going to take six 1236 01:08:46,479 --> 01:08:48,439 months. And now we've, you know, e-mail 1237 01:08:48,439 --> 01:08:51,640 communications for approval. We figured out that if there's a 1238 01:08:51,640 --> 01:08:54,120 fan that's failed, we simply just replace it. 1239 01:08:54,120 --> 01:08:56,200 You're back, you're online, you're mining. 1240 01:08:56,359 --> 01:08:59,279 And now if there's boards, we've also we've, we've gotten really 1241 01:08:59,279 --> 01:09:01,880 good at technical mining repairs, in fact, that I want to 1242 01:09:01,880 --> 01:09:06,080 use this as a chance to segue into something that I'm excited 1243 01:09:06,200 --> 01:09:07,880 about. I'm not sure if any of your 1244 01:09:07,880 --> 01:09:13,439 audience is Denver based, but next Thursday, November 14th, we 1245 01:09:13,439 --> 01:09:18,279 are launching a brand new monthly Bitcoin mining meet up 1246 01:09:18,279 --> 01:09:21,520 focused entirely on technical mining operations. 1247 01:09:21,520 --> 01:09:25,240 So if you're a Bitcoin miner who's plugged in 1000 machines 1248 01:09:25,240 --> 01:09:28,560 and you need a community to be a part of, we're starting a 1249 01:09:28,560 --> 01:09:30,840 monthly meet up in Denver for you. 1250 01:09:31,080 --> 01:09:33,760 And in Denver is where we have our service center, where we 1251 01:09:33,760 --> 01:09:36,359 have a massive repair facility. It's our large warehouse house 1252 01:09:36,359 --> 01:09:39,760 where we clean and repair and prep all the machines when they 1253 01:09:39,760 --> 01:09:42,200 move from different, different facilities. 1254 01:09:42,200 --> 01:09:46,399 So if you have a machine that needs a detailed repair, it's 1255 01:09:46,399 --> 01:09:48,800 getting sent to our Denver service center and being 1256 01:09:48,800 --> 01:09:51,279 repaired by our employees. That's amazing. 1257 01:09:51,279 --> 01:09:53,600 Love it well also I want to jump in here So what we're. 1258 01:09:53,600 --> 01:09:56,960 Trying to say is that it's not sent back over the Pacific 1259 01:09:56,960 --> 01:09:59,760 Ocean. That's right. 1260 01:09:59,880 --> 01:10:03,520 I, I don't want to dock someone, but I'm pretty sure I know who's 1261 01:10:03,520 --> 01:10:06,320 going to be there. We don't have to say any names 1262 01:10:06,320 --> 01:10:09,240 there, but I, I think a good friend of ours will be at that 1263 01:10:09,240 --> 01:10:11,480 meet up there. So love to hear it. 1264 01:10:11,480 --> 01:10:13,960 That's awesome. Absolutely, Absolutely. 1265 01:10:14,560 --> 01:10:16,960 Anyway, so I do also want to talk about I want to take 1266 01:10:16,960 --> 01:10:19,120 advantage of this opportunity, Curtis that you're here. 1267 01:10:19,280 --> 01:10:22,000 So you guys have a a bunch of facilities. 1268 01:10:22,000 --> 01:10:25,000 So the ones that I'm looking at your at your website right now, 1269 01:10:25,000 --> 01:10:27,680 you have Ohio too, you have Texas. 1270 01:10:28,200 --> 01:10:31,960 So the way that I'm seeing it and please step in here from I 1271 01:10:31,960 --> 01:10:35,520 misspeaking, but you know, the the customer gets to choose 1272 01:10:35,520 --> 01:10:39,480 which facility they would they would like to mine in. 1273 01:10:39,480 --> 01:10:41,680 Is that correct? Yeah, that's right. 1274 01:10:41,680 --> 01:10:45,160 So having, you know, geographical just distribution 1275 01:10:45,160 --> 01:10:48,000 so that you're not, you know, locked all into one region. 1276 01:10:48,000 --> 01:10:51,240 So, you know, a storm comes through Florida and now there's 1277 01:10:51,240 --> 01:10:54,000 not electricity in your mind's down or there's a heat wave in 1278 01:10:54,000 --> 01:10:57,720 Texas and, and now they had your curtail and you're not mining. 1279 01:10:57,720 --> 01:10:59,960 So if you have the chance to have your fleet spread out 1280 01:10:59,960 --> 01:11:03,400 across the country or even across the the the world or, you 1281 01:11:03,400 --> 01:11:06,800 know, different jurisdictions, it provides you a certain amount 1282 01:11:06,800 --> 01:11:10,560 of of stability. We've done a couple things we've 1283 01:11:10,560 --> 01:11:13,480 we've pioneered a couple of score where we're showing you 1284 01:11:13,720 --> 01:11:16,520 how well that facility historically performs. 1285 01:11:16,520 --> 01:11:18,720 When you're looking at a facility, I'm going to have my 1286 01:11:18,720 --> 01:11:21,480 Bitcoin miner there. You're you're really thinking 1287 01:11:21,480 --> 01:11:23,960 about is it going to run? I think that's the biggest thing 1288 01:11:23,960 --> 01:11:26,000 is they're going is that machine going to be plugged in running 1289 01:11:26,000 --> 01:11:27,760 and Bitcoin coming into my wallet. 1290 01:11:27,760 --> 01:11:30,840 So you look at a high amount of uptime and a high amount of 1291 01:11:30,840 --> 01:11:34,000 utilization. Uptime is where it's always on 1292 01:11:34,000 --> 01:11:36,760 and utilization is, is there is, is there no excuses? 1293 01:11:36,760 --> 01:11:38,080 Is it plugged in? Is it running? 1294 01:11:38,080 --> 01:11:40,280 Is that slot being filled as my minor running? 1295 01:11:40,520 --> 01:11:43,040 And so, so we're very transparent with all of that 1296 01:11:43,040 --> 01:11:45,800 information on our website. It lets our customers just make 1297 01:11:45,800 --> 01:11:49,600 informed choices 100% about making you know transparent 1298 01:11:49,600 --> 01:11:51,200 information available to our customers. 1299 01:11:51,840 --> 01:11:54,840 That's great to hear, man. I, I love the, the, the, the, 1300 01:11:54,880 --> 01:12:00,480 the freedom of choice, right? And the you, you and the compass 1301 01:12:00,520 --> 01:12:04,000 score is very, very cool. I love how you guys are rating 1302 01:12:04,000 --> 01:12:07,560 the the different facilities. Well, and we do that with 1303 01:12:07,560 --> 01:12:10,480 machines also when, you know, every time a manufacturer comes 1304 01:12:10,480 --> 01:12:13,600 out with a machine, they're always touting how efficient it 1305 01:12:13,600 --> 01:12:15,320 is. But like, sometimes you don't 1306 01:12:15,320 --> 01:12:18,720 know how good a machine is until you've seen them through a few 1307 01:12:18,720 --> 01:12:22,440 cycles and repairs. And translating all of that into 1308 01:12:22,440 --> 01:12:25,520 a score so that our customers can just easily be able to say, 1309 01:12:25,520 --> 01:12:28,560 hey, this one's a 97, this one's a 91. 1310 01:12:28,800 --> 01:12:31,680 I'm going to pay a little bit better for a more efficient, 1311 01:12:31,680 --> 01:12:35,480 higher performing machine. Yeah, absolutely not that that's 1312 01:12:35,480 --> 01:12:38,400 really that's, that's really cool that you guys, you know, 1313 01:12:38,400 --> 01:12:41,480 put, put, put your put a lot of focus in that. 1314 01:12:41,640 --> 01:12:44,240 Now, Curtis, I do want to ask you about something that you 1315 01:12:44,240 --> 01:12:47,280 said earlier on. And I think that's something 1316 01:12:47,280 --> 01:12:50,560 that people perhaps don't understand about in terms of 1317 01:12:50,560 --> 01:12:53,920 what the benefits of mining is, which is this idea that you can 1318 01:12:53,920 --> 01:12:57,000 get, which sounds so crazy is because if someone told you it's 1319 01:12:57,000 --> 01:13:03,520 like, listen, Bitcoin's at $76,000 right now. 7770. $7000 1320 01:13:03,520 --> 01:13:07,440 right now now, but there's a way for you to get it cheaper than 1321 01:13:07,440 --> 01:13:10,000 that spot price. You would look at me and you'd 1322 01:13:10,000 --> 01:13:13,480 be like what are you talking about? 1323 01:13:13,760 --> 01:13:18,600 Well guys, the whole mining industry operates because of 1324 01:13:18,600 --> 01:13:20,400 that. Do you think Bitcoin miners 1325 01:13:20,400 --> 01:13:23,640 would plug in those miners if they were getting the same spot 1326 01:13:23,640 --> 01:13:25,720 price? No, that that's the whole point 1327 01:13:25,720 --> 01:13:28,880 of Bitcoin mining like that's you're getting cheaper sats 1328 01:13:28,880 --> 01:13:31,760 that's the whole point, right. So you could you talk a little 1329 01:13:31,760 --> 01:13:34,440 bit about that, Curtis, because I don't, I think a lot of people 1330 01:13:34,440 --> 01:13:38,040 are aware about that, right, that mining is a way for you not 1331 01:13:38,040 --> 01:13:44,160 only to acquire cheaper Sats, but also acquire KYC Sats like 1332 01:13:44,160 --> 01:13:46,120 you were talking about earlier? Yeah. 1333 01:13:46,120 --> 01:13:48,800 You know that, that that KYC I think is one of the huge 1334 01:13:48,800 --> 01:13:51,720 elements that, you know, hardcore bitcoiners understand 1335 01:13:51,720 --> 01:13:55,760 entirely. But the that that first concept 1336 01:13:56,000 --> 01:13:58,720 that when you're mining Bitcoin, you're generally producing it at 1337 01:13:58,720 --> 01:14:02,120 a cost that's well below spot is 100% right there. 1338 01:14:02,360 --> 01:14:04,520 You know, you mentioned the Bitcoin mining industry, There's 1339 01:14:04,520 --> 01:14:07,720 trillions of dollars of capital deployed into Bitcoin mining 1340 01:14:07,720 --> 01:14:11,840 through sites and infrastructure and Transformers, and then all 1341 01:14:11,840 --> 01:14:13,680 the millions of dollars of machines. 1342 01:14:13,920 --> 01:14:17,160 And the reason you're able to put that much capital is that 1343 01:14:17,160 --> 01:14:19,240 there is a return there. And that is the difference at 1344 01:14:19,240 --> 01:14:22,880 the cost you can mine Bitcoin versus the cost of of spot 1345 01:14:22,880 --> 01:14:25,960 Bitcoin. To speak plainly, because I'm a 1346 01:14:25,960 --> 01:14:30,080 bitcoiner, I'm a pleb to speak to other plebs, you shouldn't 1347 01:14:30,080 --> 01:14:34,320 have an expectation that you can come into the market one day and 1348 01:14:34,320 --> 01:14:39,680 now you've made money on Bitcoin when you're mining, mining is 1349 01:14:39,680 --> 01:14:41,840 just like, you know, buying Bitcoin. 1350 01:14:41,840 --> 01:14:43,480 You need to be constantly in the market. 1351 01:14:43,480 --> 01:14:46,720 There's going to be periods where the majority of your 1352 01:14:46,720 --> 01:14:50,480 returns were all made in a seven month period. 1353 01:14:50,480 --> 01:14:54,840 But if you're if your machines weren't up and running and fans 1354 01:14:54,840 --> 01:14:57,360 fixed and boards repaired and they're just sitting there 1355 01:14:57,360 --> 01:15:01,080 chiming during that, you're going to miss the majority of 1356 01:15:01,080 --> 01:15:04,320 that value where you had an opportunity to create Bitcoin at 1357 01:15:04,320 --> 01:15:08,320 a, you know, economically advantage price. 1358 01:15:08,440 --> 01:15:11,240 So what you've got to do is just constantly be in the market 1359 01:15:11,240 --> 01:15:17,440 mining Bitcoin and, and historically, you know, you'll, 1360 01:15:17,440 --> 01:15:21,640 you'll see, I think Marathon, a publicly traded mining company, 1361 01:15:21,800 --> 01:15:24,680 if you see the price of Bitcoin today is at 77,000. 1362 01:15:24,840 --> 01:15:28,040 I know this was last week, so it would have been in the 60s, but 1363 01:15:28,040 --> 01:15:30,680 they publicly announced that their cost to mine Bitcoin is, 1364 01:15:30,720 --> 01:15:34,240 you know, roughly $33,000. So, you know, half off. 1365 01:15:35,280 --> 01:15:40,200 Yeah, it's, it's, I think that's where that's where people really 1366 01:15:40,720 --> 01:15:44,840 like, they don't, you know, they don't they, it's it like it's 1367 01:15:44,840 --> 01:15:50,320 obvious, but it's not obvious to, you know what it is, Curtis. 1368 01:15:50,320 --> 01:15:55,200 It's that there's an entire infrastructure behind Bitcoin 1369 01:15:55,520 --> 01:16:00,040 that if you are just a user, it like I, I, I have a, have a, 1370 01:16:00,320 --> 01:16:03,280 have a deeper appreciation of Bitcoin because I got into 1371 01:16:03,280 --> 01:16:06,960 Bitcoin through Bitcoin mining. So I see the infrastructure that 1372 01:16:06,960 --> 01:16:11,280 is behind the Bitcoin network and if you're just a user, you 1373 01:16:11,520 --> 01:16:15,760 you don't see that right. But you know, people for if 1374 01:16:15,760 --> 01:16:20,680 people you know, perhaps don't understand Bitcoin is Bitcoin 1375 01:16:20,680 --> 01:16:23,880 miners is the the largest decentralized computing network 1376 01:16:23,880 --> 01:16:27,920 in the world. So much computing power. 1377 01:16:28,280 --> 01:16:33,840 People don't truly understand, you know, the scope of this and 1378 01:16:34,080 --> 01:16:36,520 and people are asking like what secures your money? 1379 01:16:36,520 --> 01:16:41,680 That that wall, that firewall of energy that is constantly 1380 01:16:41,680 --> 01:16:46,760 hashing 24/7, right. So, oh man, this is you getting 1381 01:16:46,760 --> 01:16:49,280 me excited talking about mining. I, I, it's. 1382 01:16:49,320 --> 01:16:51,480 I want to go back. Good. 1383 01:16:51,480 --> 01:16:53,080 You guys. Yeah, I've, I've said it like 1384 01:16:53,080 --> 01:16:55,560 two or three Times Now. You guys have me excited. 1385 01:16:55,560 --> 01:16:57,640 I'm glad there's a little bit of Mia Copa here. 1386 01:16:57,640 --> 01:16:59,000 You. Yeah, this is a a fun 1387 01:16:59,000 --> 01:17:02,520 conversation. So Curtis, we are getting to the 1388 01:17:02,560 --> 01:17:04,760 the top of the hour. We're on the verge of breaking 1389 01:17:04,760 --> 01:17:08,800 1700 live viewers. Do you have any final thoughts 1390 01:17:09,080 --> 01:17:12,400 for everyone watching about Compass, about what you're 1391 01:17:12,400 --> 01:17:16,440 excited about in 2025, about any upcoming releases that you guys 1392 01:17:16,440 --> 01:17:19,800 are working on? Yeah, I'll, I'll, I'll be brief. 1393 01:17:19,800 --> 01:17:22,000 I I'm incredibly thankful to be here. 1394 01:17:22,000 --> 01:17:25,720 I'm also thankful that you've allowed compass to come and 1395 01:17:25,720 --> 01:17:29,960 stand in front of your audience and to be one of your sponsors. 1396 01:17:29,960 --> 01:17:32,160 I know that you are highly selective. 1397 01:17:32,440 --> 01:17:36,280 We're incredibly happy to be bringing our, you know, Bitcoin 1398 01:17:36,280 --> 01:17:38,760 mining, you know, product and opportunity here. 1399 01:17:38,960 --> 01:17:41,440 If, if you haven't checked us out, check us out, go to our 1400 01:17:41,440 --> 01:17:43,400 marketplace. I think you'd be blown away to 1401 01:17:43,400 --> 01:17:46,600 see how easily you can be mining Bitcoin. 1402 01:17:46,840 --> 01:17:49,800 The fact that you're mining the Bitcoin directly into your own 1403 01:17:49,800 --> 01:17:51,440 wallet. There's no other custodian, 1404 01:17:51,440 --> 01:17:54,720 there's no third party and that there's a variety of price 1405 01:17:54,720 --> 01:17:56,480 points. I, I hope that you'll, I hope 1406 01:17:56,480 --> 01:18:01,520 that you'll check us out. If you're mining Bitcoin, we 1407 01:18:01,520 --> 01:18:04,400 are, we are highly competitive. We're good at it. 1408 01:18:04,400 --> 01:18:08,240 It's tough to do in your house. If you'll evaluate us, we, we 1409 01:18:08,240 --> 01:18:11,360 will win your business. As far as upcoming or exciting 1410 01:18:11,360 --> 01:18:12,920 announcements, I mentioned the meet up. 1411 01:18:12,920 --> 01:18:14,960 We're looking forward to that. We're going to be at a couple 1412 01:18:14,960 --> 01:18:18,200 upcoming conferences. We'll, we'll be in in, in Texas 1413 01:18:18,480 --> 01:18:20,880 for the North American Blockchain Summit that's hosted 1414 01:18:20,880 --> 01:18:24,080 by the Texas Blockchain Council. And then we'll be at Bitcoin 1415 01:18:24,080 --> 01:18:27,160 Magazine's MENA conference in Abu Dhabi. 1416 01:18:27,160 --> 01:18:30,960 I'm personally excited about that and look for some exciting 1417 01:18:30,960 --> 01:18:33,840 news next week. We've acquired our own site 1418 01:18:33,840 --> 01:18:36,800 where we physically purchased the infrastructure instead of 1419 01:18:36,800 --> 01:18:40,640 being partnered or hosted. So more to come, more vertical 1420 01:18:40,640 --> 01:18:44,200 integration from Compass Mining. Thank you, Nico. 1421 01:18:44,200 --> 01:18:46,560 Thank you, Opti. This has been a real pleasure. 1422 01:18:47,120 --> 01:18:49,480 Well, thank you so much for joining us on the show, guys. 1423 01:18:49,480 --> 01:18:51,960 This was simply Bitcoin. Wait, wait, Nico, before you go, 1424 01:18:52,320 --> 01:18:55,080 I think you're gonna have to get the chicken handy every single 1425 01:18:55,080 --> 01:18:55,880 day. Now. 1426 01:18:56,560 --> 01:18:59,200 Start asking for it. Let me give context to Curtis 1427 01:18:59,200 --> 01:19:00,920 though. So this is Satoshi the Bitcoin 1428 01:19:00,920 --> 01:19:02,960 chicken. When I started simply Bitcoin in 1429 01:19:02,960 --> 01:19:06,120 2020, you know the bull market was 2021. 1430 01:19:07,200 --> 01:19:09,720 Satoshi the Bitcoin chicken would cluck every time the price 1431 01:19:09,720 --> 01:19:11,440 of Bitcoin reached an all time high. 1432 01:19:11,680 --> 01:19:14,200 Well, ladies and gentlemen, we just broke 77 K so. 1433 01:19:15,560 --> 01:19:18,640 We're going to have to literally cluck the chicken every minute. 1434 01:19:18,640 --> 01:19:22,080 We're going to have to cluck Satoshi the Bitcoin chicken 1435 01:19:22,520 --> 01:19:25,160 anyways guys, this was simply Bitcoin Live for November 8th, 1436 01:19:25,200 --> 01:19:27,920 2024. Your host for today is the 1437 01:19:27,920 --> 01:19:31,440 legendary Optimus Fields. I'm your Co host Nico and of 1438 01:19:31,440 --> 01:19:34,080 course our special guest Curtis from Compass Mining. 1439 01:19:34,360 --> 01:19:39,280 Go check out Compass mining dot IO today again Compass mining 1440 01:19:39,520 --> 01:19:42,400 dot IO guys, if you guys enjoy the show, smash the like button, 1441 01:19:42,400 --> 01:19:45,080 consider subscribing. Enjoy the weekend. 1442 01:19:45,280 --> 01:19:48,320 We will be live from El Salvador on Monday. 1443 01:19:48,520 --> 01:19:51,080 So go outside, touch some grass, enjoy the family. 1444 01:19:51,080 --> 01:19:52,960 Love you all see you guys on Monday. 1445 01:19:52,960 --> 01:19:55,960 Peace out, everybody. Brought to you by 1446 01:19:55,960 --> 01:20:00,000 bitcoinwell.com, a Bitcoin only platform on a mission to enable 1447 01:20:00,000 --> 01:20:01,440 financial independence.