1 00:00:00,400 --> 00:00:05,640 Yo, did Jerome Powell just make a massive Bitcoin backflip? 2 00:00:05,840 --> 00:00:09,920 Well, Jay Powell isn't the only G7 central banker who was 3 00:00:09,920 --> 00:00:12,560 waiting on Bitcoin in the past 24 hours. 4 00:00:12,720 --> 00:00:16,720 But before we explore the global central banker race to Bitcoin 5 00:00:16,920 --> 00:00:19,960 and show you just how Jerome Powell's tone has taken a 6 00:00:19,960 --> 00:00:23,720 massive shift since Trump was elected, let's play you this 7 00:00:23,720 --> 00:00:27,880 brand new clip of Jerome Powell yesterday at the FOMC meeting. 8 00:00:28,200 --> 00:00:31,920 And let's just hear how the tone has changed around Bitcoin. 9 00:00:33,240 --> 00:00:37,760 You know, banks are perfectly able to serve crypto customers 10 00:00:37,760 --> 00:00:39,880 as long as they understand and can manage the risks. 11 00:00:39,880 --> 00:00:42,760 And it's safe, safe and sound as many of our a good number of our 12 00:00:42,760 --> 00:00:45,360 banks, right that we regulate and supervise. 13 00:00:45,840 --> 00:00:49,600 Do that, you know, the threshold has been a little higher for 14 00:00:49,600 --> 00:00:51,920 banks engaging in crypto activities. 15 00:00:52,320 --> 00:00:53,880 And that's because they're so new. 16 00:00:53,880 --> 00:00:56,200 And, you know, we don't want to make the mistake you're if you 17 00:00:56,240 --> 00:00:59,880 if you're making a choice to conduct that activity inside a 18 00:00:59,880 --> 00:01:03,200 bank, which is inside the federal safety net with Deposit 19 00:01:03,200 --> 00:01:07,120 Insurance, then you want to be pretty sure that that that it's 20 00:01:07,120 --> 00:01:10,720 a safe and sound activity. So, you know, we're not against 21 00:01:10,720 --> 00:01:15,120 innovation and we certainly don't want to to take actions 22 00:01:15,120 --> 00:01:19,200 that would cause banks to, you know, to terminate customers who 23 00:01:19,200 --> 00:01:24,080 are perfectly legal just because of excess risk aversion may be 24 00:01:24,080 --> 00:01:32,320 related to regulation. And wow, guys, very interesting 25 00:01:32,320 --> 00:01:35,120 to see Jerome Powell kind of flip flop. 26 00:01:35,120 --> 00:01:36,840 He's backtracking. I don't know if you guys 27 00:01:36,840 --> 00:01:39,280 remember last month we were playing Jerome Powell 28 00:01:39,280 --> 00:01:41,440 essentially saying like, hey, we don't want to talk about 29 00:01:41,440 --> 00:01:43,800 Bitcoin. It's illegal for the Fed to even 30 00:01:43,800 --> 00:01:45,440 own Bitcoin. Now he's saying, hey, you know, 31 00:01:45,440 --> 00:01:49,400 banks under our jurisdiction can custody Bitcoin if they want to. 32 00:01:49,600 --> 00:01:52,960 And also the, I think the main signal here is this idea of we 33 00:01:52,960 --> 00:01:57,120 don't want to stop innovation. Is it just because, you know, 34 00:01:57,120 --> 00:02:01,400 the Fed and Jerome Powell is starting to see the light or is 35 00:02:01,400 --> 00:02:05,040 there bigger things playing out? And I have a post here, guys, 36 00:02:05,280 --> 00:02:08,080 from, sorry, Donald Trump's true social. 37 00:02:08,080 --> 00:02:09,240 I'm not going to read the whole thing. 38 00:02:09,479 --> 00:02:12,560 But you can see that he's feeling a lot of pressure from 39 00:02:12,560 --> 00:02:15,680 President Donald Trump. Obviously, since Trump's been 40 00:02:15,680 --> 00:02:18,040 elected, he's doing a lot of executive orders. 41 00:02:18,320 --> 00:02:21,840 We saw the repeal of SAB 121, which makes it easier for banks 42 00:02:21,840 --> 00:02:25,160 to custody Bitcoin. And it seems like, you know, 43 00:02:25,160 --> 00:02:29,480 Trump is, is running a hard line here in regards to the adoption 44 00:02:29,480 --> 00:02:32,960 of quote UN quote crypto. And now we see the central 45 00:02:32,960 --> 00:02:35,080 bankers out there starting to bend the knee. 46 00:02:35,360 --> 00:02:36,880 And another interesting development. 47 00:02:36,880 --> 00:02:40,480 Remember what we talked about yesterday, which is the governor 48 00:02:40,480 --> 00:02:43,760 for the Czech National Bank announcing that they're going to 49 00:02:43,760 --> 00:02:47,520 look into having a 5% of their reserves going into Bitcoin. 50 00:02:47,760 --> 00:02:51,560 Well, in response to that, we got Chrissy Lagarde from the ECB 51 00:02:51,560 --> 00:02:54,720 yesterday or this morning rather talking about that. 52 00:02:54,720 --> 00:02:58,960 Hey, maybe we talked to the head of the national, Czech National 53 00:02:58,960 --> 00:03:01,440 Bank and we're confident they're not going to add it literally 54 00:03:01,440 --> 00:03:03,840 sounds like a veiled threat. So let's play that real quick 55 00:03:03,840 --> 00:03:06,120 before we get into some more central bank news. 56 00:03:08,040 --> 00:03:12,560 On this matter that you referred to and whether reserves of 57 00:03:12,560 --> 00:03:18,000 Central bank should or could include bitcoins, I think 58 00:03:18,000 --> 00:03:21,160 there's a view around the table of the governing council and 59 00:03:21,160 --> 00:03:25,840 most likely the General Council as well, that reserves have to 60 00:03:25,840 --> 00:03:30,480 be liquid, that reserves have to be secure, that they have to be 61 00:03:30,480 --> 00:03:34,160 safe, that they should not be plagued by the suspicion of 62 00:03:34,160 --> 00:03:37,560 money laundering or other criminal activities. 63 00:03:38,160 --> 00:03:45,440 And as a result, I'm confident that reserves will not enter, 64 00:03:46,040 --> 00:03:49,600 sorry that bitcoins will not enter the reserves of any of the 65 00:03:49,600 --> 00:03:52,960 central banks of the general counsel. 66 00:03:53,280 --> 00:03:55,560 I had a good conversation with my colleague from the Czech 67 00:03:55,560 --> 00:03:58,440 Republic and I leave it to him to make whatever announcement he 68 00:03:58,440 --> 00:04:00,800 wants to make. But I'm confident that he's 69 00:04:01,280 --> 00:04:05,120 convinced, as we all are, of the necessity to have liquid, secure 70 00:04:05,120 --> 00:04:11,960 and safe. Yeah, not going to lie, it 71 00:04:11,960 --> 00:04:14,560 sounds like some mafia taxes. You know, we had a little 72 00:04:14,560 --> 00:04:17,680 conversation and I'm confident they're not going to add Bitcoin 73 00:04:17,680 --> 00:04:20,519 to their reserves. Just absolutely crazy though. 74 00:04:20,519 --> 00:04:23,200 Before I move on to the recent developments around the Czech 75 00:04:23,200 --> 00:04:27,520 National Bank, it is sounding very similar from Christine 76 00:04:27,520 --> 00:04:30,840 Lagarde and Jerome Powell that they, you know, they want a 77 00:04:30,840 --> 00:04:36,840 Safeway for, you know, customers to put custody and reserves and 78 00:04:36,840 --> 00:04:39,360 something that isn't going to be volatile and blow up like 79 00:04:39,360 --> 00:04:42,120 Bitcoin or quote UN quote BLOB and be like Bitcoin. 80 00:04:42,120 --> 00:04:45,360 So again this morning we got we got some more news coming from 81 00:04:45,360 --> 00:04:48,120 yesterday's story, which is apparently the Czech National 82 00:04:48,120 --> 00:04:50,080 Bank. They passed this proposal 83 00:04:50,080 --> 00:04:52,320 yesterday. They were talking about whether, 84 00:04:52,320 --> 00:04:55,040 you know, they're going to look into adding 5% of their reserves 85 00:04:55,040 --> 00:04:57,400 in the Bitcoin. Well, it looks like they are 86 00:04:57,400 --> 00:04:59,520 active actually moving forward on this. 87 00:04:59,520 --> 00:05:02,720 They are assessing options for a quote, broadening investment to 88 00:05:02,720 --> 00:05:06,280 include other asset classes and and this governor, you know, 89 00:05:06,280 --> 00:05:08,520 he's getting some Flack here. We have a Bloomberg article of 90 00:05:08,520 --> 00:05:11,080 Czech finance minister warns against adding Bitcoin to 91 00:05:11,080 --> 00:05:14,560 reserve because it's quote, not a stable asset. 92 00:05:14,920 --> 00:05:17,520 Absolutely incredible. And then just to round this up, 93 00:05:17,520 --> 00:05:20,440 guys, these aren't the only it's not just the ECB, it's not just 94 00:05:20,440 --> 00:05:23,800 Czech Republic, it's not just the US Fed. 95 00:05:24,080 --> 00:05:27,160 We just learned this morning shouts out again to Bitcoin 96 00:05:27,160 --> 00:05:31,440 magazine that Norway's central bank's fund reveals owning $500 97 00:05:31,440 --> 00:05:36,040 million of MicroStrategy shares. So don't watch what they say, 98 00:05:36,040 --> 00:05:39,680 watch what they do. And it looks like they central 99 00:05:39,680 --> 00:05:42,800 bank FOMO around Bitcoin is starting to take place. 100 00:05:42,800 --> 00:05:45,560 Now of course, here at Simply Bitcoin we have the idea of 101 00:05:45,560 --> 00:05:49,400 separating money from state, but it is very interesting to see 102 00:05:49,400 --> 00:05:52,960 how fast the conversation around Bitcoin is happening. 103 00:05:53,120 --> 00:05:56,200 It does seem ever since Trump got elected, ever since Trump 104 00:05:56,200 --> 00:06:00,000 has been proposing and pushing for a strategic Bitcoin reserve, 105 00:06:00,280 --> 00:06:03,080 that now the central bankers around the world have to bend 106 00:06:03,080 --> 00:06:05,160 the knee. It does sound like some micro 107 00:06:05,360 --> 00:06:08,760 capitulation from Jay Powell couple months ago Jay Powell was 108 00:06:08,760 --> 00:06:10,480 out here saying like, Oh no, we're not going to touch 109 00:06:10,480 --> 00:06:12,760 Bitcoin. We don't want any of our clients 110 00:06:12,760 --> 00:06:15,080 to touch Bitcoin. Now he's like, hey, actually, 111 00:06:15,080 --> 00:06:17,320 you know we just want it to be done in a Safeway. 112 00:06:17,320 --> 00:06:20,720 We got to make sure that the banks at custody Bitcoin are 113 00:06:20,720 --> 00:06:23,080 holding something that isn't going to wreck themselves. 114 00:06:23,080 --> 00:06:25,960 You know, I'm not against innovation, but he's also not 115 00:06:25,960 --> 00:06:29,760 saying he is for innovation yet. And again, this has to be 116 00:06:29,760 --> 00:06:32,120 pressure coming from the Trump administration. 117 00:06:32,280 --> 00:06:35,520 Obviously the writing's on the wall now that, hey, if if you 118 00:06:35,520 --> 00:06:38,640 don't adopt Bitcoin first, then you're going to be last. 119 00:06:38,640 --> 00:06:40,920 And we've seen what happened with El Salvador. 120 00:06:41,080 --> 00:06:42,680 Buchelli is killing it out there. 121 00:06:42,680 --> 00:06:44,920 His country is adding Bitcoin to the reserves. 122 00:06:45,160 --> 00:06:47,360 Now we're seeing, we've gotten to this point where central 123 00:06:47,360 --> 00:06:50,120 banks are even talking about adding Bitcoin to the reserves. 124 00:06:50,320 --> 00:06:53,280 Now, as a Bitcoiner, I fundamentally believe in the 125 00:06:53,280 --> 00:06:56,200 idea that Bitcoin will defund these central banks. 126 00:06:56,360 --> 00:06:59,120 But in the meantime, they have to do something to survive. 127 00:06:59,400 --> 00:07:02,360 And if they're having these conversations, and I have a clip 128 00:07:02,360 --> 00:07:04,960 for you from Jeff Booth and the numbers about why they're having 129 00:07:04,960 --> 00:07:09,000 these conversations, you have to wonder what is going on on the 130 00:07:09,000 --> 00:07:11,440 back end? How much trouble do the central 131 00:07:11,440 --> 00:07:14,880 banks realize that they're in if they are talking about Bitcoin? 132 00:07:15,240 --> 00:07:18,280 Now, we all know number go up in Bitcoin is great. 133 00:07:18,280 --> 00:07:19,960 This is why they're looking for profits. 134 00:07:19,960 --> 00:07:22,440 This is why they're looking to add Bitcoin to the reserves. 135 00:07:22,760 --> 00:07:26,840 But it does enter us into a new paradigm like could you have 136 00:07:26,840 --> 00:07:28,560 guessed? I will actually pass this to 137 00:07:28,560 --> 00:07:30,000 Adam. Could you have guessed when you 138 00:07:30,000 --> 00:07:33,680 got into Bitcoin that we would see the biggest central banks in 139 00:07:33,680 --> 00:07:37,120 the world starting to embrace Bitcoin, at least tentatively? 140 00:07:37,120 --> 00:07:39,680 At least they're no longer like it's just for criminals, though 141 00:07:39,680 --> 00:07:43,000 They still are saying, hey, you know, we we don't want our 142 00:07:43,000 --> 00:07:46,600 central bank partners to add an asset into their balance sheet 143 00:07:46,600 --> 00:07:49,720 that is, you know, fundamentally pushing criminals and money 144 00:07:49,720 --> 00:07:52,640 laundering and stuff. But it seems like they're being 145 00:07:52,640 --> 00:07:55,800 forced to actually look at Bitcoin honestly. 146 00:07:56,080 --> 00:07:57,960 So very interesting developments. 147 00:07:57,960 --> 00:08:00,520 Obviously we want individuals holding Bitcoin. 148 00:08:00,520 --> 00:08:02,680 I, I want to defund the central banks. 149 00:08:02,680 --> 00:08:05,360 I, I don't want them to add Bitcoin to their balance sheet. 150 00:08:05,640 --> 00:08:07,080 But this is where we are right now. 151 00:08:07,080 --> 00:08:09,080 They're talking about adding Bitcoin to the balance sheet. 152 00:08:09,320 --> 00:08:11,720 It's absolutely crazy. And this is all, you know, love 153 00:08:11,720 --> 00:08:14,440 them and hate them, but this is all because Trump came out 154 00:08:14,440 --> 00:08:17,440 really strong for a pro Bitcoin administration. 155 00:08:17,440 --> 00:08:19,680 So crazy things happening right now. 156 00:08:19,960 --> 00:08:21,480 We'll see what actually follows through. 157 00:08:21,560 --> 00:08:24,400 We'll see who is the first one to actually adopt Bitcoin. 158 00:08:24,400 --> 00:08:26,200 There's still a lot of conversations around that. 159 00:08:26,480 --> 00:08:29,920 But what a what a crazy time. So Adam, you've been in the game 160 00:08:29,920 --> 00:08:32,840 a little longer than I have. What's your thoughts hearing 161 00:08:32,840 --> 00:08:36,480 central bankers talking about Bitcoin in a seemingly positive 162 00:08:36,480 --> 00:08:39,039 light? Dude, I mean, in hindsight it 163 00:08:39,039 --> 00:08:43,159 probably seemed inevitable. Bitcoin is perfect money all the 164 00:08:43,159 --> 00:08:45,440 way around. And obviously the banks have to 165 00:08:45,440 --> 00:08:48,600 or the central banks have to pretend to like perfect money so 166 00:08:48,600 --> 00:08:50,440 they don't let their scam be exposed. 167 00:08:50,440 --> 00:08:53,520 But I think it's hilarious to watch what these different 168 00:08:53,720 --> 00:08:59,080 massive G7 central banks are. How they respond to Bitcoin goes 169 00:08:59,080 --> 00:09:04,440 to show just how how much volatility there is in the world 170 00:09:04,440 --> 00:09:07,960 in their responses to it. We have the American Central 171 00:09:07,960 --> 00:09:11,000 Bank saying one thing, we have the European Central Bank saying 172 00:09:11,000 --> 00:09:13,960 almost the opposite thing. I would also love to see the 173 00:09:13,960 --> 00:09:17,280 chart of Bitcoin used for money laundering compared to the Euro 174 00:09:17,280 --> 00:09:20,240 use for money laundering. I if I had to exactly probably 175 00:09:20,240 --> 00:09:23,680 say for every $1.00 laundered in Bitcoin, there's probably like 176 00:09:23,680 --> 00:09:28,200 10 to $15 laundered with the euro all around. 177 00:09:28,200 --> 00:09:31,000 The Euro is just infinitely worse than Bitcoin and it's 178 00:09:31,000 --> 00:09:34,840 laughable that these people have the audacity to lie to us to our 179 00:09:34,840 --> 00:09:36,880 face. They either think we're dumb or 180 00:09:36,880 --> 00:09:39,840 they themselves are dumb. And I think that it's just, it's 181 00:09:39,840 --> 00:09:42,640 just getting reiterated over and over and over again how 182 00:09:42,640 --> 00:09:45,600 irresponsible and selfish these buffoons in charge are. 183 00:09:45,840 --> 00:09:48,840 And I think why Bitcoin is succeeding is because no ones in 184 00:09:48,840 --> 00:09:50,560 charge. And I think it's great. 185 00:09:50,560 --> 00:09:54,160 I think that you're right, ultimately the central banks 186 00:09:54,160 --> 00:09:56,520 disappear. Bitcoin doesn't need a central 187 00:09:56,520 --> 00:09:58,640 bank. Bitcoin is the central bank. 188 00:09:59,080 --> 00:10:01,240 It is a protocol, not a platform. 189 00:10:01,240 --> 00:10:04,120 It cannot be bought. It cannot be manipulated. 190 00:10:04,160 --> 00:10:07,960 It is the absolute source of truth for our money, for the 191 00:10:07,960 --> 00:10:10,040 value that we create with our time. 192 00:10:10,240 --> 00:10:13,000 And that's a good thing. I think that watching these 193 00:10:13,120 --> 00:10:18,240 quasi fake, you know, wannabe real banks, central banks come 194 00:10:18,240 --> 00:10:20,760 in and try to disprove it just goes to show how scared they 195 00:10:20,760 --> 00:10:22,800 are. I can't get Seifa Dean's voice 196 00:10:22,800 --> 00:10:26,080 out of my head, which is that the adoption of Bitcoin is not 197 00:10:26,080 --> 00:10:28,480 some cute little S curve like the Internet. 198 00:10:28,840 --> 00:10:32,320 It is a straight vertical line up like gunpowder. 199 00:10:32,600 --> 00:10:37,040 If you did not adopt gunpowder during the wars, you died. 200 00:10:37,440 --> 00:10:41,000 We don't know about you because the history books forgot about 201 00:10:41,000 --> 00:10:44,880 you because you didn't adopt the new obviously better technology. 202 00:10:44,880 --> 00:10:49,280 If you were fighting with sticks and knives during, you know, and 203 00:10:49,280 --> 00:10:51,960 your and your opponents are launching bullets at you with 204 00:10:51,960 --> 00:10:54,440 fire and gunpowder powder, you just lost. 205 00:10:55,160 --> 00:10:57,800 And right now we have the next innovation. 206 00:10:57,800 --> 00:11:01,880 We have the gunpowder, we have the bullets and they're still 207 00:11:01,880 --> 00:11:06,480 using like dull wooden sticks. And so I think it's inevitable. 208 00:11:06,480 --> 00:11:09,760 Bitcoin puts everyone in competition with each other. 209 00:11:10,040 --> 00:11:13,280 And again, this is positive. This is the net pro for 210 00:11:13,280 --> 00:11:16,400 humanity. This is a net pro for society as 211 00:11:16,400 --> 00:11:19,000 a whole. But I wouldn't want to be caught 212 00:11:19,000 --> 00:11:23,040 on the wrong side of it. And it looks like they are kind 213 00:11:23,040 --> 00:11:25,560 of realizing that they are on the wrong side of it. 214 00:11:25,720 --> 00:11:27,880 You know, it's interesting. And and then I'm going to pass 215 00:11:27,880 --> 00:11:29,640 it to Sophie. Sorry, sorry, Soph, but it's 216 00:11:29,640 --> 00:11:34,800 very interesting to see so many people just doubled down on, you 217 00:11:34,800 --> 00:11:36,840 know, their ignorance around Bitcoin. 218 00:11:37,120 --> 00:11:40,040 And it's, it reminds me of what's the Sinclair quote? 219 00:11:40,040 --> 00:11:43,360 You know, it's hard to convince someone of something when it's 220 00:11:43,360 --> 00:11:46,240 their job to do the opposite. I'm, I'm butchering the quote 221 00:11:46,240 --> 00:11:48,000 here, but this is where we are right now. 222 00:11:48,000 --> 00:11:52,520 You know, the, the confirmation bias, the the Stockholm syndrome 223 00:11:52,520 --> 00:11:56,080 that we're seeing play out in real time is absolutely insane 224 00:11:56,080 --> 00:11:57,960 to watch. A lot of us Bitcoin has learned 225 00:11:57,960 --> 00:12:00,720 about the traditional financial system after we learned about 226 00:12:00,720 --> 00:12:03,000 Bitcoin. And it's just so clear. 227 00:12:03,000 --> 00:12:05,760 Once you understand Bitcoin, you look at all the stuff coming out 228 00:12:05,760 --> 00:12:07,840 from central banks and traditional finance and you're 229 00:12:07,840 --> 00:12:09,920 like, this stuff is ass backwards. 230 00:12:09,920 --> 00:12:15,360 Like who in their right mind can like do the mental gymnastics to 231 00:12:15,360 --> 00:12:17,320 make this seem like it's a positive thing? 232 00:12:17,320 --> 00:12:20,600 Obviously there's a lot of spin out there, but look, if they're 233 00:12:20,600 --> 00:12:23,720 publicly saying this stuff, you can only imagine what they're 234 00:12:23,720 --> 00:12:26,560 saying privately. And hey, if they're publicly 235 00:12:26,560 --> 00:12:29,800 kind of tentatively embracing Bitcoin, I'm sure privately they 236 00:12:29,800 --> 00:12:33,040 are freaking out and they're like, yo, Bitcoin is eating our 237 00:12:33,040 --> 00:12:35,000 lunch. That I forget what the numbers 238 00:12:35,000 --> 00:12:38,120 are now, but there's like what, 600 million people that are, you 239 00:12:38,120 --> 00:12:42,320 know, on the Bitcoin or crypto networks And it seems like it's 240 00:12:42,320 --> 00:12:44,000 starting to take over the world. And if Bitcoin does an 241 00:12:44,000 --> 00:12:47,680 incredible price run this this year, it's going to be very 242 00:12:47,680 --> 00:12:50,560 interesting to see how quickly these central banks capitulate. 243 00:12:51,720 --> 00:12:53,560 Dude, could you imagine? I think I saw a tweet this 244 00:12:53,560 --> 00:12:54,840 morning. I don't know who said it, but 245 00:12:55,040 --> 00:12:58,680 imagine being the last governor to a topped Bitcoin or to buy 246 00:12:58,680 --> 00:13:01,000 Bitcoin. Like you're just going to look 247 00:13:01,000 --> 00:13:04,720 so stupid. It's just going to be dumb. 248 00:13:06,000 --> 00:13:11,000 Insane, Insane. OK, self, we figured out Sofs 249 00:13:11,000 --> 00:13:15,160 video and audio today. So Sophie, what's your thoughts 250 00:13:15,160 --> 00:13:18,360 on seeing the central bankers come out kind of embracing 251 00:13:18,360 --> 00:13:20,440 Bitcoin, but also kind of fighting around Bitcoin? 252 00:13:20,440 --> 00:13:23,200 You can see that what we always talk about here, the global hash 253 00:13:23,200 --> 00:13:26,240 war, the global race to adopt Bitcoin, like it's happening on 254 00:13:26,240 --> 00:13:28,800 a central bank level level and they're like fighting each 255 00:13:28,800 --> 00:13:30,400 other. You can see their rhetoric is 256 00:13:30,400 --> 00:13:32,880 going past each other. So what's your thoughts hearing 257 00:13:33,120 --> 00:13:37,240 not only just Fed Jerome Powell talking positively about 258 00:13:37,240 --> 00:13:40,800 Bitcoin, but also, you know, ECB Chrissy Lagarde, My 259 00:13:40,840 --> 00:13:44,160 ex-girlfriend Chrissy Lagarde? Yeah, let's talk about that. 260 00:13:44,560 --> 00:13:49,040 Let's talk about that. Opti be honest, you for sure got 261 00:13:49,040 --> 00:13:52,120 a late night text from your ex-girlfriend Chrissy Lagarde. 262 00:13:52,320 --> 00:13:54,960 You know, number go up, girlfriends go up. 263 00:13:55,160 --> 00:13:59,320 It's it's directly correlated. But my take on this is that part 264 00:13:59,320 --> 00:14:03,440 of their value, part of the value of these institutions and 265 00:14:03,440 --> 00:14:07,680 central banks is perception. And since they've lost control 266 00:14:07,680 --> 00:14:11,760 of the media, they've forced themselves to align with the 267 00:14:11,760 --> 00:14:13,680 truth. And when you align with the 268 00:14:13,680 --> 00:14:17,440 truth and you see the cards on the table and you realize that 269 00:14:17,440 --> 00:14:19,640 you can no longer manipulate the masses. 270 00:14:19,800 --> 00:14:22,880 You can no longer just tell them, hey, buy our central bank 271 00:14:22,880 --> 00:14:24,680 digital currency. It'll be good for you. 272 00:14:24,680 --> 00:14:26,040 It's going to make your life easier. 273 00:14:26,040 --> 00:14:29,440 You will own nothing and be happy when you realize that 274 00:14:29,440 --> 00:14:33,320 people are just not going to buy that because they're no longer 275 00:14:33,320 --> 00:14:36,600 listening to legacy media because you are the media now, 276 00:14:36,840 --> 00:14:42,200 Then you, they, they, they have to, they have to actually come 277 00:14:42,200 --> 00:14:46,000 to terms with the fact that they have to adapt or die and 278 00:14:46,000 --> 00:14:50,240 adapting it or yeah, adapting is adopting Bitcoin. 279 00:14:51,200 --> 00:14:54,520 Yeah, 100%. But as we can see, the dinosaurs 280 00:14:54,520 --> 00:14:56,680 are going to try to hold on for as long as possible. 281 00:14:57,080 --> 00:14:59,960 And if there is a quintessential dinosaur out there, it's 282 00:14:59,960 --> 00:15:03,680 obviously the central bank and it's anyone can tell from the 283 00:15:03,680 --> 00:15:08,720 stuff we see coming out of the EU, they are, you know, so hell 284 00:15:08,720 --> 00:15:13,640 bent on control that it's, it's becoming so obvious to obviously 285 00:15:13,640 --> 00:15:16,800 Bitcoiners, but they all they care about is control. 286 00:15:16,800 --> 00:15:19,920 So it's very interesting to as a bitcoiners see this. 287 00:15:19,920 --> 00:15:22,120 But I really wonder what the normies are thinking about, you 288 00:15:22,120 --> 00:15:25,880 know, these ECB talks and the banning Bitcoin in EU. 289 00:15:26,040 --> 00:15:29,920 And also we didn't cover it this week, but France proposing, I 290 00:15:30,000 --> 00:15:33,240 think it was 25% unrealized capital gains on Bitcoin. 291 00:15:33,240 --> 00:15:35,200 It's like good luck. Yeah, they're they're shooting 292 00:15:35,320 --> 00:15:38,280 themselves in the foot. It's absolutely insane that the 293 00:15:38,280 --> 00:15:40,640 type of rhetoric we're seeing come out from these people. 294 00:15:40,640 --> 00:15:43,520 It's just it's nuts. You know, but on that same 295 00:15:43,520 --> 00:15:47,720 token, I think that the normies from the perspective of these 296 00:15:47,720 --> 00:15:51,320 people who are in power and in these central banks, I think 297 00:15:51,320 --> 00:15:54,360 they see us plebs as the normies. 298 00:15:54,520 --> 00:15:58,560 And I think that enough of us have adopted Bitcoin and kind of 299 00:15:58,560 --> 00:16:03,600 like opted out of their system for us to have power over them 300 00:16:03,600 --> 00:16:05,960 and for them to have to actually align with us. 301 00:16:06,600 --> 00:16:10,160 And that's what we're seeing. We're seeing the outer layers of 302 00:16:10,160 --> 00:16:13,160 the onion, starting with government and going into these 303 00:16:13,160 --> 00:16:16,280 institutions. Next up is retail, and next 304 00:16:16,280 --> 00:16:19,560 it'll be the individual. And they're all kind of like 305 00:16:20,000 --> 00:16:24,520 coming to terms with the fact that Bitcoin is hard money. 306 00:16:24,520 --> 00:16:28,120 It is going to win at the end of the day and it's the scarcest 307 00:16:28,120 --> 00:16:33,040 asset in the world. So the chap's still freaking 308 00:16:33,040 --> 00:16:33,680 out. Sophie. 309 00:16:33,680 --> 00:16:37,240 Guys, this is Internet selfie. AKA Misses Nico. 310 00:16:37,480 --> 00:16:40,120 This is his wife. She's a great bitcoiner. 311 00:16:40,320 --> 00:16:42,480 She's also way more radical than Nico. 312 00:16:42,880 --> 00:16:44,240 She's going to fill in every once in a while. 313 00:16:44,240 --> 00:16:45,760 Nico's enough to. Be toned down. 314 00:16:45,800 --> 00:16:47,320 Yeah, we got to tone her down a little bit. 315 00:16:47,320 --> 00:16:51,480 So, you know, guys, you know, keep the simping to a minimum 316 00:16:51,480 --> 00:16:55,160 here she is taken. All right, so anyways, let's get 317 00:16:55,160 --> 00:16:57,080 into the rest of the show. We got a bunch of stuff for you. 318 00:16:57,080 --> 00:16:59,720 Like I said, in the numbers. We have Jeff Booth basically 319 00:16:59,720 --> 00:17:02,280 explaining why we're seeing Central Bank start to embrace 320 00:17:02,280 --> 00:17:04,920 Bitcoin, why the biggest institutions in the world are 321 00:17:04,920 --> 00:17:08,920 embracing Bitcoin and the news. We got interesting, interesting 322 00:17:08,920 --> 00:17:12,200 stories coming out of Tesla and you know, a lot of must news 323 00:17:12,200 --> 00:17:15,760 today and Twitter and then Adam's going to show us some 324 00:17:15,760 --> 00:17:18,119 cool stuff that Bitcoin well has been working on. 325 00:17:18,319 --> 00:17:21,800 Maybe get some sneak peeks here. I know Adam wants to do some 326 00:17:21,800 --> 00:17:23,839 wishing well stuff. So you guys are get your 327 00:17:23,839 --> 00:17:28,280 lightning wallets out. Anyways, let's plug our boys 328 00:17:28,280 --> 00:17:30,960 over at Bitcoin Well, make sure you go to bitcoinwell.com. 329 00:17:30,960 --> 00:17:34,840 They are enabling the independence you need to set up 330 00:17:35,040 --> 00:17:38,400 a Bitcoin well account because I think they're one of the correct 331 00:17:38,400 --> 00:17:41,560 me here Adam. Is it the the only company the 332 00:17:41,560 --> 00:17:45,480 only Bitcoin exchange out there with self custody by default, 333 00:17:45,480 --> 00:17:47,600 which means they can never rug pull you guys. 334 00:17:47,600 --> 00:17:51,800 So you need to have a Bitcoin wallet to sign up to Bitcoin. 335 00:17:51,800 --> 00:17:54,400 Well, the Bitcoin goes directly to you. 336 00:17:54,480 --> 00:17:56,320 You're never going to get rugged at Bitcoin Well. 337 00:17:56,320 --> 00:17:58,840 This is why we love the boys over at Bitcoin Well. 338 00:17:58,840 --> 00:18:01,800 Make sure you use the promo code simply BTC. 339 00:18:01,880 --> 00:18:05,640 And of course, if you are in the market to buy a shit ton of 340 00:18:05,640 --> 00:18:09,440 Bitcoin, get in touch with the Bitcoin Well Infinite and their 341 00:18:09,440 --> 00:18:13,280 Bitcoin OTC desk. They will get you huge chunks of 342 00:18:13,280 --> 00:18:14,400 Bitcoin. So if you're sitting on the 343 00:18:14,400 --> 00:18:17,520 sideline, you want to buy $50,000 or more of Bitcoin at 344 00:18:17,520 --> 00:18:20,560 one chunk and make sure you get in touch with the Bitcoin Well 345 00:18:20,560 --> 00:18:22,560 Infinite team. They will give you a white glove 346 00:18:22,560 --> 00:18:24,880 service, walk you through the whole process. 347 00:18:25,080 --> 00:18:27,280 And guys, I know you've been yelling at me. 348 00:18:27,760 --> 00:18:30,440 I do have some wishing well points for you just to start off 349 00:18:30,440 --> 00:18:31,920 the show. So get your Lightning wallets 350 00:18:31,920 --> 00:18:33,760 out. First come, first serve. 351 00:18:34,000 --> 00:18:36,120 Wait, wrong one, wrong one. Here we go. 352 00:18:37,440 --> 00:18:42,640 Make sure you scan the QR code and first one to scan it gets 353 00:18:42,640 --> 00:18:45,000 210 sets. Okay. 354 00:18:47,040 --> 00:18:49,560 Do one more we'll. Do one more, we'll do one more. 355 00:18:49,560 --> 00:18:51,320 We'll do more for you guys later as well. 356 00:18:51,320 --> 00:18:52,920 Bitcoin going up too much. We got to. 357 00:18:52,920 --> 00:18:54,920 We got to get more. Stock wait. 358 00:18:55,040 --> 00:18:57,960 Bitcoin wishing well, doing the bankrupt Bitcoin well, there we 359 00:18:58,000 --> 00:19:01,520 go. OK, 2100 sads. 360 00:19:01,520 --> 00:19:05,000 Good call, Adam. All right guys, let's get into 361 00:19:05,000 --> 00:19:07,800 the show. We have a lot to talk about. 362 00:19:15,800 --> 00:19:18,760 I want to tell you guys about our sponsor stamp seed. 363 00:19:19,040 --> 00:19:22,200 Is your Bitcoin and cold storage really secure? 364 00:19:22,560 --> 00:19:25,240 Are your seed words really secure? 365 00:19:25,360 --> 00:19:41,640 Stamp Seeds Do it You want to literally stamp your 366 00:19:41,640 --> 00:19:44,760 seed into this plate of titanium. 367 00:19:45,000 --> 00:19:48,600 Your words are actually stamped into the metal plate with this 368 00:19:48,600 --> 00:19:51,360 hammer. So once your words are in, they 369 00:19:51,360 --> 00:19:54,760 aren't going anywhere. No risk of the plate breaking 370 00:19:54,760 --> 00:19:57,480 apart and your pieces falling everywhere. 371 00:19:57,720 --> 00:20:01,040 Titanium stamp seeds will survive nearly triple the heat 372 00:20:01,240 --> 00:20:04,560 produced by a house fire. They are also crush proof, 373 00:20:04,720 --> 00:20:08,760 waterproof, non corrosive and most importantly because this is 374 00:20:08,760 --> 00:20:14,880 generational wealth, time proof, all things that paper is not 375 00:20:15,200 --> 00:20:18,000 allowing. You to huddle your Bitcoin for 376 00:20:18,000 --> 00:20:21,040 the long haul. I mean, here is the plate that 377 00:20:21,040 --> 00:20:25,080 they crushed, they put in water, they put a blowtorch to it and 378 00:20:25,080 --> 00:20:27,960 as you can see, the words have survived. 379 00:20:28,120 --> 00:20:32,840 Stamp your seed on stamp seed and you can use promo code 380 00:20:32,840 --> 00:20:36,640 simply to get 15% off anything on their store. 381 00:20:39,760 --> 00:20:43,680 All right, guys, make sure you scan the QR code stamp your seed 382 00:20:43,880 --> 00:20:47,240 into titanium and use the promo code simply for 15% off. 383 00:20:47,560 --> 00:20:51,360 Do not leave your seeds raise on a piece of paper in your sock 384 00:20:51,360 --> 00:20:52,640 drawer. I know that's what all you guys 385 00:20:52,640 --> 00:20:53,640 are doing. Don't do that. 386 00:20:53,760 --> 00:20:56,960 OK anyways, we're over here on Clark Moody's dashboard looking 387 00:20:56,960 --> 00:21:01,080 at the Bitcoin numbers and the current Bitcoin price is 100 and 388 00:21:01,080 --> 00:21:04,000 5160. I think we got all the way up to 389 00:21:04,000 --> 00:21:06,880 106 this morning. So hey, I I think once we break 390 00:21:06,880 --> 00:21:10,360 out of this, you know one O 8 range game is on let's go 391 00:21:10,360 --> 00:21:13,400 anyways the SAT per dollar AKA how much Bitcoin you can buy for 392 00:21:13,400 --> 00:21:16,400 a single dollar AKA how much a dollar is worth in Bitcoin is 393 00:21:16,400 --> 00:21:19,400 currently at 951 SAT's per dollar. 394 00:21:19,400 --> 00:21:23,280 The current block height is 881,522. 395 00:21:23,560 --> 00:21:28,560 The market cap in Fiat terms is $2.08 trillion and the Bitcoin 396 00:21:28,560 --> 00:21:33,160 versus gold market cap is currently at 10.82%. 397 00:21:33,440 --> 00:21:37,120 Man we got a 90% still to run until we take out gold. 398 00:21:37,120 --> 00:21:40,600 So numbers going up anyway, the total percentage of Bitcoin that 399 00:21:40,600 --> 00:21:45,640 will ever be issued is currently at 94.36% with roughly 19.8 400 00:21:45,640 --> 00:21:48,760 million coins circulating. And the realized monetary 401 00:21:48,760 --> 00:21:52,320 inflation, literally taking all Fiat currencies to school is 402 00:21:52,320 --> 00:21:55,880 currently at 1.04%. The hardest money period. 403 00:21:55,880 --> 00:21:59,080 Nothing comes close to it. This is why you can't save in 404 00:21:59,080 --> 00:22:01,920 Fiat currencies. Now doubling down kind of 405 00:22:01,920 --> 00:22:04,160 connecting this, there was a lot of stuff I could have put in the 406 00:22:04,160 --> 00:22:05,880 numbers I was thinking about it this morning. 407 00:22:06,160 --> 00:22:10,640 But really to kind of explain why why central banks and why 408 00:22:10,640 --> 00:22:14,360 institutional managers and why nation state leaders are looking 409 00:22:14,360 --> 00:22:19,120 to Bitcoin is one simple, simple idea that Jeff Booth is going to 410 00:22:19,120 --> 00:22:22,600 explain in this and chat that the TFTC because it sums it up 411 00:22:22,600 --> 00:22:25,760 like this. The global economy is insolvent 412 00:22:25,760 --> 00:22:29,560 and Bitcoin is the only escape. So let's play this real clip 413 00:22:29,880 --> 00:22:32,120 real quick and then we will chat about it the. 414 00:22:32,200 --> 00:22:34,720 Global balance sheets in our assets, the asset value, I'm 415 00:22:34,840 --> 00:22:37,400 just, I'm not going to go through with them all between, 416 00:22:37,960 --> 00:22:41,880 between your, your brand, your, your, your financial assets, 417 00:22:41,880 --> 00:22:44,440 your, your tangible assets. Looks like that. 418 00:22:45,800 --> 00:22:47,800 Everything you measure is in there. 419 00:22:48,880 --> 00:22:52,240 This conference hall, your house, every business is in is, 420 00:22:52,240 --> 00:22:59,800 is, is in that #900 trillion is backed by that 323 trillion of 421 00:22:59,800 --> 00:23:04,000 debts today. By the way, the 65200 trillion 422 00:23:04,000 --> 00:23:09,280 of liabilities against derivatives, 65 trillion of two 423 00:23:09,280 --> 00:23:13,760 years ago, the Bank of International Settlements found 424 00:23:13,920 --> 00:23:17,120 65 trillion that was missing in off balance sheets transactions. 425 00:23:17,360 --> 00:23:20,040 So let's just clear the room here. 426 00:23:20,200 --> 00:23:22,880 That is already insolvent. If you tried to pay back 400 427 00:23:22,880 --> 00:23:25,000 trillion, it would take you $1.00 a second. 428 00:23:25,000 --> 00:23:28,120 It would take you 12,873,000 years to pay that back. 429 00:23:28,520 --> 00:23:31,320 It is already insolvent. But what does that mean if 430 00:23:31,320 --> 00:23:33,000 you're measuring your assets on top of that? 431 00:23:34,320 --> 00:23:36,560 What does it mean? That means all of your assets 432 00:23:36,560 --> 00:23:38,160 are also insolvent. Because if that weren't 433 00:23:38,160 --> 00:23:39,640 insolvent, the whole thing would fail. 434 00:23:40,080 --> 00:23:43,280 The global system would crumble to the ground completely. 435 00:23:43,840 --> 00:23:45,680 And So what do you do inside that system? 436 00:23:46,080 --> 00:23:47,720 What do you likely do inside that system? 437 00:23:47,880 --> 00:23:51,200 You likely complain about it and give it more energy. 438 00:23:51,200 --> 00:23:54,280 You probably talk about all the politicians stealing your money 439 00:23:54,440 --> 00:23:57,000 and then you buy a house and then you're because you have to 440 00:23:57,000 --> 00:23:58,760 make more money in this. And then you're complaining 441 00:23:58,760 --> 00:24:00,440 about all those people inside that system. 442 00:24:00,960 --> 00:24:04,160 But you would not vote to let it collapse, nor would I. 443 00:24:04,840 --> 00:24:08,320 We wouldn't do that. So it becomes hypocritical when 444 00:24:08,320 --> 00:24:10,800 we're fighting inside that system because we're all a part 445 00:24:10,800 --> 00:24:13,840 of it, right? I'm fond of saying there is no 446 00:24:13,840 --> 00:24:16,680 they, it's only we. And we make that system stronger 447 00:24:16,880 --> 00:24:19,840 from our actions within it. The problem is that system is 448 00:24:19,840 --> 00:24:22,440 insolvent. And So what would your asset of 449 00:24:22,440 --> 00:24:24,960 your host be if that system actually was allowed to fail? 450 00:24:25,200 --> 00:24:30,920 So you won't let it. So now we have 2 kind of big 451 00:24:30,920 --> 00:24:33,800 problems, big or big opportunities problems. 452 00:24:34,000 --> 00:24:37,560 These two systems are incompatible, they're opposites, 453 00:24:38,400 --> 00:24:40,200 right? So one system, free market that 454 00:24:40,200 --> 00:24:41,680 we talked about that we know is true. 455 00:24:42,360 --> 00:24:45,040 And the other system that we live in and measure from every 456 00:24:45,040 --> 00:24:48,480 asset in there is contingent upon more money printing 457 00:24:49,400 --> 00:24:50,680 contingent. In other words, there's 458 00:24:50,680 --> 00:24:54,160 counterparty risk of everything in our life on that, and there's 459 00:24:54,160 --> 00:24:57,880 no counterparty risk. Bitcoin it is the only thing on 460 00:24:57,880 --> 00:25:01,520 the planet because it's an open, decentralized, secure protocol 461 00:25:01,680 --> 00:25:04,080 bounded by energy without counterparty risk. 462 00:25:06,000 --> 00:25:09,440 Amazing guys, This is why we need Bitcoin. 463 00:25:09,680 --> 00:25:13,640 This is why everyone is moving towards talking about Bitcoin. 464 00:25:14,040 --> 00:25:17,760 This is why anyone in the know realizes that there's a problem. 465 00:25:17,760 --> 00:25:20,600 And again, let me just reiterate the quote. 466 00:25:20,600 --> 00:25:23,120 You know, this is Sinclair. It is difficult to get a man to 467 00:25:23,120 --> 00:25:25,960 understand something when his salary depends on his not 468 00:25:25,960 --> 00:25:28,600 understanding it. Now, Jeff Booth, you know, 469 00:25:28,600 --> 00:25:32,480 obviously very eloquent, very deep dive on all this stuff. 470 00:25:32,480 --> 00:25:35,040 But that is the simple fundamental breakdown that we're 471 00:25:35,040 --> 00:25:37,000 seeing right now, that everyone that is a part of the 472 00:25:37,000 --> 00:25:39,920 traditional financial system is incentivized to keep the system 473 00:25:39,920 --> 00:25:43,800 going or else they become broke. The system is insolvent. 474 00:25:44,000 --> 00:25:47,160 It's been insolvent for years. And now the problem is just 475 00:25:47,160 --> 00:25:49,320 rearing its head. And also because of social media 476 00:25:49,320 --> 00:25:52,520 and the fact that we can all talk about this and people can, 477 00:25:52,520 --> 00:25:55,240 you know, communicate peer-to-peer, more people are 478 00:25:55,240 --> 00:25:58,880 waking up to the fact that all of this whole system, the whole 479 00:25:58,880 --> 00:26:01,080 entire world is insolvent right now. 480 00:26:01,280 --> 00:26:04,160 It's all based on paper debt. And we're getting to a point 481 00:26:04,360 --> 00:26:06,200 where, you know, it's make or break. 482 00:26:06,200 --> 00:26:08,920 We're getting to what who knows how long they can kick the can 483 00:26:08,920 --> 00:26:10,520 down the road. I'm sure they got some more 484 00:26:10,520 --> 00:26:13,240 tricks up their sleeve. I'm sure, you know, the masses 485 00:26:13,240 --> 00:26:16,440 might be able to get gas lit into believing the system is 486 00:26:16,440 --> 00:26:20,720 still actually functional. But the basis of it is the 487 00:26:20,720 --> 00:26:22,640 entire world is insolvent right now. 488 00:26:22,640 --> 00:26:25,760 No one wants to stop the music because that means that all of 489 00:26:25,760 --> 00:26:28,840 their assets go to zero. It means all the wealthy people 490 00:26:28,840 --> 00:26:30,880 become poor. No one wants to lose their 491 00:26:30,880 --> 00:26:34,080 standard of living. And I, I personally, I don't 492 00:26:34,080 --> 00:26:36,600 want to see that happen because that means the world's going to 493 00:26:36,600 --> 00:26:39,800 go to shit. I want to see a slow, gradual 494 00:26:39,800 --> 00:26:42,200 adoption of Bitcoin. Obviously, we want to see number 495 00:26:42,200 --> 00:26:44,200 go up in Bitcoin. We want to see freedom go up in 496 00:26:44,200 --> 00:26:46,880 Bitcoin. But if the music does finally 497 00:26:46,880 --> 00:26:50,240 stop on the traditional financial system, it's going to 498 00:26:50,240 --> 00:26:53,160 wreak havoc on the world. And this is where we are right 499 00:26:53,160 --> 00:26:56,840 now that like, look, maybe the central bankers out there aren't 500 00:26:57,000 --> 00:27:00,080 necessarily the bad guys here. Maybe they actually are trying 501 00:27:00,080 --> 00:27:02,040 to protect consumers. They are trying to keep the 502 00:27:02,040 --> 00:27:04,360 system going. Maybe they haven't looked into 503 00:27:04,360 --> 00:27:05,840 an alternative system like Bitcoin. 504 00:27:05,840 --> 00:27:09,240 But there is an alternative now. And of course, that is Bitcoin. 505 00:27:09,480 --> 00:27:12,120 And we're seeing that people are waking up. 506 00:27:12,120 --> 00:27:16,080 It's essentially, you know, you want to be the first one to exit 507 00:27:16,080 --> 00:27:18,280 the door when when your house is on fire. 508 00:27:18,280 --> 00:27:19,480 You don't want to be the last one. 509 00:27:19,480 --> 00:27:21,200 And Adam was kind of joking about it. 510 00:27:21,400 --> 00:27:23,880 It's like, I don't want to be the last central bank governor 511 00:27:23,880 --> 00:27:27,400 president to adopt Bitcoin because you're going to lose. 512 00:27:27,400 --> 00:27:30,880 But this is where we are. The world is insolvent, but no 513 00:27:30,880 --> 00:27:34,440 one wants to actually kind of talk about it because then the 514 00:27:34,440 --> 00:27:37,880 House of Cards might collapse. So slowly but surely we're just 515 00:27:37,880 --> 00:27:39,440 going to get more people to adopt Bitcoin. 516 00:27:39,440 --> 00:27:41,720 But we have to constantly come out here and explain to people 517 00:27:41,720 --> 00:27:44,360 the actual problem going on. This is why Bitcoiners always 518 00:27:44,360 --> 00:27:46,160 say fix the money, fix the world. 519 00:27:46,160 --> 00:27:49,280 It's a very simple meme. But that is the fundamental 520 00:27:49,280 --> 00:27:51,680 problem in the world right now is that the money is broken, the 521 00:27:51,680 --> 00:27:54,760 financial system is insolvent, and we have to find an 522 00:27:54,760 --> 00:27:57,160 alternative. And we think the alternative is 523 00:27:57,160 --> 00:27:59,040 Bitcoin. And all you have to do is buy 524 00:27:59,040 --> 00:28:01,400 some Bitcoin, take it into custody, go live your life, 525 00:28:01,400 --> 00:28:03,800 repeat the process. It's a very simple process here. 526 00:28:03,800 --> 00:28:07,840 But hey, we all know the people with the big bags, the people 527 00:28:07,840 --> 00:28:10,560 with the monopoly on violence, they're going to continue to 528 00:28:10,560 --> 00:28:15,520 perpetuate the financial system because they are incentivized to 529 00:28:15,520 --> 00:28:18,200 profit off of this. And this is the whole scam of 530 00:28:18,200 --> 00:28:21,560 the world right now. So guys, This is why we kind of 531 00:28:21,560 --> 00:28:23,560 paired these two topics together. 532 00:28:23,560 --> 00:28:26,400 The central bankers seemingly embracing Bitcoin, also fighting 533 00:28:26,400 --> 00:28:29,720 around Bitcoin, and Jeff Booth explaining to us the global 534 00:28:29,720 --> 00:28:32,120 economy is insolvent. So I don't know about you, but 535 00:28:32,120 --> 00:28:34,640 this would make me want to stack more Bitcoin if I actually had 536 00:28:34,640 --> 00:28:37,160 Fiat left. If I wasn't already all in on 537 00:28:37,160 --> 00:28:40,680 Bitcoin, I would be capitulating my dollars as quickly as 538 00:28:40,680 --> 00:28:44,280 possible. Anyways, I'm ranting enough, I'm 539 00:28:44,280 --> 00:28:45,880 losing my breath over here. I'm OK I think. 540 00:28:45,880 --> 00:28:49,040 That's what Sailor figured out. He's like, let me just keep 541 00:28:49,120 --> 00:28:53,280 putting all my Fiat into Bitcoin and, and you know, pumping my 542 00:28:53,280 --> 00:28:55,120 own bags. But one of the things I'm going 543 00:28:55,120 --> 00:28:59,640 to disagree with you on Opti, is you said slow, sudden adoption 544 00:28:59,640 --> 00:29:01,840 or slow and gradual adoption of Bitcoin. 545 00:29:02,080 --> 00:29:05,840 I want to see a fast and sudden adoption of Bitcoin because 546 00:29:05,840 --> 00:29:09,000 every day the passes we're growing poorer and poorer. 547 00:29:09,000 --> 00:29:11,320 And despite popular belief, it's not fun. 548 00:29:11,840 --> 00:29:13,520 It actually creates a lot of wars. 549 00:29:13,760 --> 00:29:18,320 And I think that what President Trump is doing right now with 550 00:29:18,920 --> 00:29:22,800 backing the strategic Bitcoin reserve that Senator Cynthia 551 00:29:22,800 --> 00:29:26,560 Loomis is already passing through Congress is a direct 552 00:29:26,560 --> 00:29:30,640 reversal of the system that we have where we depend on money 553 00:29:30,640 --> 00:29:33,080 printing and debt to sustain Fiat. 554 00:29:33,280 --> 00:29:38,600 I think that eventually, you know, when the people, the same 555 00:29:38,600 --> 00:29:43,800 people that want money to create war, are realizing that they're 556 00:29:43,800 --> 00:29:47,960 actually going to need Bitcoin to fund wars. 557 00:29:48,080 --> 00:29:51,280 But in reality, once they have Bitcoin, they're going to 558 00:29:51,280 --> 00:29:53,120 realize, damn, I don't want to spend this. 559 00:29:53,120 --> 00:29:56,400 Maybe I should not go to war with this country. 560 00:29:56,400 --> 00:30:00,840 Maybe there's a more diplomatic way of of solving these issues. 561 00:30:01,160 --> 00:30:06,120 And so I, I just can't wait to see how that is going to turn 562 00:30:06,120 --> 00:30:07,520 out. I think that this Bitcoin 563 00:30:07,520 --> 00:30:11,400 strategic reserve, like I said, is a direct reversal of the 564 00:30:11,400 --> 00:30:13,240 system that we've been living on. 565 00:30:13,240 --> 00:30:17,720 And as soon as the country adopts Bitcoin, as soon as we 566 00:30:17,720 --> 00:30:22,000 get on the same standard as El Salvador, we are going to be so 567 00:30:22,000 --> 00:30:24,800 much happier for it. Our economy is just going to 568 00:30:24,920 --> 00:30:29,200 flourish and people are going to adopt that system for 569 00:30:29,200 --> 00:30:32,880 themselves. Yeah, I, I totally agree though 570 00:30:32,880 --> 00:30:37,000 the reason I kind of would like to see a slower adoption of big. 571 00:30:37,000 --> 00:30:38,640 Obviously I want to see, you know, number go up. 572 00:30:38,640 --> 00:30:41,760 I like, look, I'm not ashamed to say I want to see number go up 573 00:30:41,760 --> 00:30:46,280 anymore, but I think a slow adoption of Bitcoin would just 574 00:30:46,280 --> 00:30:48,720 be a lot better for all the people that aren't in Bitcoin. 575 00:30:48,720 --> 00:30:49,960 And that's kind of what I'm thinking. 576 00:30:50,280 --> 00:30:53,000 And that's like. Kind of even if we put even if 577 00:30:53,000 --> 00:30:57,320 we put the number go up aside, right, I think that the faster 578 00:30:57,440 --> 00:31:02,000 we all get on board, the faster even people who like are 579 00:31:02,000 --> 00:31:05,560 supposedly like going to stay behind are going to also get on 580 00:31:05,560 --> 00:31:07,360 board. People who have a lot of Bitcoin 581 00:31:07,360 --> 00:31:10,320 are going to want to spend it. Employee employment is going to 582 00:31:10,320 --> 00:31:12,880 go up. People are going to start paying 583 00:31:12,880 --> 00:31:16,080 their employees with Bitcoin, or so we, I hope. 584 00:31:16,320 --> 00:31:20,560 And so I think that, you know, the faster we get this done, the 585 00:31:20,560 --> 00:31:24,800 faster it will be cemented into the consciousness of society. 586 00:31:25,000 --> 00:31:28,040 And we'll be able to, you know, maybe it, it'll be a little bit 587 00:31:28,040 --> 00:31:31,840 of a rough start and there will be people who push back against 588 00:31:31,840 --> 00:31:34,920 it. But I think the faster we get 589 00:31:34,920 --> 00:31:37,960 through this, the faster we implement it, the faster we can 590 00:31:37,960 --> 00:31:41,800 get to hyper bitcoinization. I'm radical, remember? 591 00:31:41,920 --> 00:31:43,800 Yeah, you're radical. I mean, I mean radical. 592 00:31:44,520 --> 00:31:48,640 The idea is, you know, it just reminds me of when you talk to 593 00:31:48,640 --> 00:31:51,840 normies about Bitcoin today, most of them are still like, 594 00:31:51,840 --> 00:31:54,400 what are you even talking about? You're like, this is crazy. 595 00:31:54,400 --> 00:31:58,240 So I don't I don't see a path where we get there quickly 596 00:31:58,240 --> 00:32:00,680 without just like forcing people to buy Bitcoin. 597 00:32:00,680 --> 00:32:03,840 And you know, as a as a semi libertarian, I'm like, I don't 598 00:32:03,840 --> 00:32:07,360 like the forceful behavior. I would rather be forced to buy 599 00:32:07,360 --> 00:32:11,240 Bitcoin through these measures than to be forced force to buy 600 00:32:11,240 --> 00:32:15,480 Bitcoin because the world has completely gone in the gutter. 601 00:32:16,120 --> 00:32:19,640 Imagine if, if, imagine if you would have to buy Bitcoin to 602 00:32:19,640 --> 00:32:23,560 survive to to survive like either a nuclear war or 603 00:32:23,560 --> 00:32:27,000 something where like, you know, we, we absolutely need Bitcoin 604 00:32:27,000 --> 00:32:31,240 because things have gotten so bad that now we need Bitcoin. 605 00:32:31,560 --> 00:32:36,120 But imagine now it's like, oh, the country has adopted Bitcoin. 606 00:32:36,120 --> 00:32:39,200 This is a positive thing. So I better get on board. 607 00:32:39,280 --> 00:32:43,920 I think that that's a much better sit like way to force 608 00:32:43,920 --> 00:32:47,960 people and to like or get or get people to adopt Bitcoin because 609 00:32:47,960 --> 00:32:52,680 you're doing it on positivity versus death and destruction. 610 00:32:53,400 --> 00:32:56,400 That's that's the key. I think for Bitcoiners, the best 611 00:32:56,400 --> 00:33:00,080 thing that we have going for us is that every single bitcoiner 612 00:33:00,080 --> 00:33:03,480 that I talk to has low time preference and prefers peace. 613 00:33:03,880 --> 00:33:06,040 And I think that when you like you're saying Sophie, when you 614 00:33:06,040 --> 00:33:10,280 adopt this Bitcoin standard, you, you ultimately want to see 615 00:33:10,280 --> 00:33:13,880 people thrive and you understand that the thing holding them 616 00:33:13,880 --> 00:33:17,720 under the water right now is this manipulated monetary force. 617 00:33:18,080 --> 00:33:22,200 And I think that what we have to prepare for as Bitcoiners who 618 00:33:22,200 --> 00:33:25,280 want peace with a low time preference is there going to be 619 00:33:25,280 --> 00:33:30,000 a pile of people who get caught in this savage undercurrent that 620 00:33:30,000 --> 00:33:32,320 Fiat is currently is currently enabling. 621 00:33:32,320 --> 00:33:35,040 I think you're bang on. Every single day the Fiat system 622 00:33:35,040 --> 00:33:38,400 is around is one more day where there's more people getting 623 00:33:38,480 --> 00:33:42,480 sicker and poorer and digging a hole that's deeper from to get 624 00:33:42,480 --> 00:33:46,960 out of what we need to prep for right now in the like starting 625 00:33:46,960 --> 00:33:49,040 immediately. Every single one of these people 626 00:33:49,040 --> 00:33:53,000 watching this show and and and in the Bitcoin landscape is we 627 00:33:53,000 --> 00:33:57,800 need to start building the life vests for when people who have 628 00:33:57,800 --> 00:34:00,840 their entire net worth stuck in a house or their entire net 629 00:34:00,840 --> 00:34:04,560 worth stuck in a four O 1K or some other kind of, you know, 630 00:34:04,760 --> 00:34:08,800 garbage investment scheme, like a, you know, some kind of life 631 00:34:08,800 --> 00:34:12,080 insurance policy or any of the other scams that we've been sold 632 00:34:12,320 --> 00:34:16,480 in the place of Fiat or as as a result of Fiat and in the place 633 00:34:16,480 --> 00:34:18,760 of sound money. We need to prepare and kind of 634 00:34:18,760 --> 00:34:22,199 understand how do we, you know, get those people onto the 635 00:34:22,199 --> 00:34:25,679 Bitcoin standard once their net worth is gone and it's going to 636 00:34:25,679 --> 00:34:29,840 transition towards this incredible value for value state 637 00:34:30,920 --> 00:34:33,320 and the next generation is going to benefit greatly from that. 638 00:34:33,600 --> 00:34:38,159 Only because though there's a group of pro peace and and you 639 00:34:38,159 --> 00:34:41,600 know, ultimately low time preference individuals here that 640 00:34:41,719 --> 00:34:44,639 want to enable and help the sovereignty of the future. 641 00:34:45,480 --> 00:34:48,920 Yeah, totally. It is a it is very crazy how, 642 00:34:49,520 --> 00:34:52,560 you know, Bitcoiners kind of get get spit in the face by everyone 643 00:34:52,560 --> 00:34:54,440 out there and we're literally just trying to help them. 644 00:34:54,440 --> 00:34:57,480 It's it's like we're just, we're trying to help you. 645 00:34:57,480 --> 00:35:00,600 Like we've unplugged, you know, we're probably wealthier than 646 00:35:00,600 --> 00:35:02,920 we've ever been. And everyone's like, quit trying 647 00:35:02,920 --> 00:35:05,160 to show me this crap. And you're like, OK bro. 648 00:35:05,480 --> 00:35:07,880 That's so something you just said though, welfare that we've 649 00:35:07,880 --> 00:35:12,040 ever been, that is historically how it's always been because you 650 00:35:12,040 --> 00:35:15,640 have more time to accumulate. Like you work hard when you're 651 00:35:15,640 --> 00:35:19,120 young, you spend less than you earn, and then every single 652 00:35:19,160 --> 00:35:21,920 decade that passes by, you should be wealthier than you've 653 00:35:21,920 --> 00:35:24,680 ever been. This is the like for the last 654 00:35:24,680 --> 00:35:26,480 2000 years, this is how it's worked. 655 00:35:26,800 --> 00:35:32,160 Only, you know, since like, you know, 1913 and then 1971, only 656 00:35:32,160 --> 00:35:35,720 then when did people start getting less wealthy as they 657 00:35:35,720 --> 00:35:39,560 went on because cost of living started outpacing their ability 658 00:35:39,560 --> 00:35:42,760 to, to save. And, and, and now I know that 659 00:35:42,840 --> 00:35:45,680 like my peers, we don't even talk about saving anymore. 660 00:35:45,680 --> 00:35:49,800 Savings is a, is, is long gone. It's either survival or 661 00:35:49,800 --> 00:35:51,520 investing. And, and frankly, you guys have 662 00:35:51,520 --> 00:35:53,160 heard me hear, they say it here before. 663 00:35:53,360 --> 00:35:55,560 Investing is just another word for gambling. 664 00:35:56,160 --> 00:35:59,320 And, and frankly, in Canada anyways, gambling is tax free. 665 00:35:59,320 --> 00:36:02,880 So you're literally incentivized to go to the casino rather than 666 00:36:02,880 --> 00:36:07,400 to invest your money. It is such a perverted system 667 00:36:07,560 --> 00:36:10,960 that doesn't enable sovereignty, doesn't enable individuals to 668 00:36:10,960 --> 00:36:13,880 thrive. It's just some like loopy, 669 00:36:14,000 --> 00:36:19,160 gaslit, complete backwards monetary system that lots of 670 00:36:19,160 --> 00:36:20,520 people have been brainwashed into. 671 00:36:20,600 --> 00:36:24,000 And I think it's our job right now to, you know, we gotta ride 672 00:36:24,000 --> 00:36:26,120 the line. You've heard me take issue 673 00:36:26,120 --> 00:36:29,240 before with with like toxic maxism. 674 00:36:29,520 --> 00:36:32,080 I liken it to a, you know, a street corner preacher. 675 00:36:32,320 --> 00:36:34,840 But you know, you know, I'm trying to find the I'm trying to 676 00:36:34,840 --> 00:36:37,320 find the line. Like, you know, we have to alert 677 00:36:37,320 --> 00:36:39,000 these people and wake these people up. 678 00:36:40,120 --> 00:36:43,000 But but how do we do that without sounding insane? 679 00:36:43,000 --> 00:36:44,600 It's. A force. 680 00:36:45,320 --> 00:36:47,000 Yeah. OK. 681 00:36:49,480 --> 00:36:51,320 OK, Sophie. OK, Joe, Joe, Joe, we're on the 682 00:36:51,320 --> 00:36:55,920 world. YouTube oh man, that's so good. 683 00:36:55,920 --> 00:36:58,600 No, I actually just just to like put a bow on this. 684 00:36:58,600 --> 00:37:02,680 I did see someone tweet the other day and I forget what the 685 00:37:02,680 --> 00:37:05,960 Twitter name is and he's loosely a Bitcoin like he is a 686 00:37:05,960 --> 00:37:08,280 bitcoiner, but he kind of kind of talks about more about the 687 00:37:08,280 --> 00:37:10,120 macro landscape. And I think I might have 688 00:37:10,120 --> 00:37:12,680 mentioned this at some point this week, but it's the idea of 689 00:37:12,680 --> 00:37:16,640 like, it is our duty to continue to try to wake people up. 690 00:37:16,640 --> 00:37:18,800 Like we have this certain understanding, this certain 691 00:37:18,800 --> 00:37:22,640 knowledge of the world going on. And as much as us Bitcoiners, 692 00:37:22,640 --> 00:37:24,280 you know, a lot. I, I kind of done it in my 693 00:37:24,280 --> 00:37:26,840 personal life where I've kind of tuned out trying to show Bitcoin 694 00:37:26,840 --> 00:37:29,320 a lot And, and my personal life, because I, you know, I do it 695 00:37:29,320 --> 00:37:30,560 every single day on the, on the show. 696 00:37:30,560 --> 00:37:33,320 It's like my job and I, I try not to like blow up 697 00:37:33,320 --> 00:37:35,880 conversations with just like massive Bitcoin shows. 698 00:37:35,880 --> 00:37:39,120 But I still do believe it's, it's our duty to continue to try 699 00:37:39,120 --> 00:37:41,720 to educate people, try to spread this knowledge and show people 700 00:37:41,720 --> 00:37:44,640 there is an alternative or else like, what's the alternative? 701 00:37:44,640 --> 00:37:47,800 You know, you, you get richer and everyone around you is just 702 00:37:47,840 --> 00:37:51,040 in destitute, like, and pain. It's like, that's not the world 703 00:37:51,040 --> 00:37:53,320 I want to live in. But hey, you know, to each their 704 00:37:53,320 --> 00:37:55,280 own. And that's kind of kind of the 705 00:37:55,280 --> 00:37:57,320 way we're going. You know, we can't all be a 706 00:37:57,320 --> 00:38:00,200 radical like Sophie and being like, we got to put them in cams 707 00:38:00,200 --> 00:38:04,440 and then force them, No. Listen, I can't tell you how 708 00:38:04,440 --> 00:38:10,600 many of my friends I have told download cash app right now, buy 709 00:38:10,680 --> 00:38:14,000 some Bitcoin right now because that's just like the easiest way 710 00:38:14,000 --> 00:38:16,960 to like get their feet in the water and like three months 711 00:38:16,960 --> 00:38:18,840 later, I'm like, see, Bitcoin is up. 712 00:38:18,840 --> 00:38:23,640 This happened like the last cycle and I was like, you see it 713 00:38:23,640 --> 00:38:25,200 went up. They're like, yeah, I sold. 714 00:38:25,280 --> 00:38:29,280 I'm like, what did you but I told you to hold. 715 00:38:29,280 --> 00:38:31,760 They're like. Wrapped up in this investment, 716 00:38:31,880 --> 00:38:35,000 you know, mindset, you know. Which is exactly like you said, 717 00:38:35,000 --> 00:38:37,600 it's gambling. Get on the rat race on the 718 00:38:37,600 --> 00:38:39,280 treadmill, move, move, move, move. 719 00:38:39,320 --> 00:38:42,280 And really, you know, we got to show them that like, what are 720 00:38:42,280 --> 00:38:44,560 you exiting for? What could you possibly be 721 00:38:44,560 --> 00:38:47,160 selling Bitcoin to buy? And when you start pricing 722 00:38:47,480 --> 00:38:51,080 literally everything in Bitcoin, it falls. 723 00:38:51,080 --> 00:38:53,640 It falls so dramatically. It's, it's, it's brutal. 724 00:38:53,640 --> 00:38:55,040 Actually. The only thing that you can 725 00:38:55,040 --> 00:38:58,320 really invest in, I think that that would go up would be in 726 00:38:58,320 --> 00:39:02,040 yourself, which again, perfectly aligns incentives for the entire 727 00:39:02,040 --> 00:39:05,640 world, because then you get to provide more value to the world 728 00:39:05,800 --> 00:39:09,440 and earn more value in return. It's like when this is where the 729 00:39:09,440 --> 00:39:11,640 quote comes from, fix the money, fix the world. 730 00:39:11,640 --> 00:39:15,080 When you align incentives completely from from from A-Z, 731 00:39:15,520 --> 00:39:18,160 then you actually have the ability to have a world that's 732 00:39:18,160 --> 00:39:21,840 getting value. Zed wow, you know you sound like 733 00:39:21,840 --> 00:39:25,000 an American, but really you're still a Canadian bro cheese. 734 00:39:28,360 --> 00:39:30,480 Guys, I gotta work on my yank speech. 735 00:39:32,360 --> 00:39:34,360 Yeah, yeah, yeah. Don't, don't say derogatory 736 00:39:34,360 --> 00:39:36,800 terms on this show. This is a very inclusive show 737 00:39:36,800 --> 00:39:38,440 here, OK? What are you talking about, 738 00:39:38,440 --> 00:39:40,400 Otti? The Yankees are an American 739 00:39:40,400 --> 00:39:43,560 institution. Yeah, yeah, yeah. 740 00:39:43,560 --> 00:39:47,240 Anyways, anyways, we got, we got some much saga in the news 741 00:39:47,240 --> 00:39:49,760 today. So let's get into that and break 742 00:39:49,760 --> 00:39:51,600 everything down for you guys. Here we go. 743 00:39:52,480 --> 00:39:55,560 I want to give a very special shout out to our sponsor, 744 00:39:55,920 --> 00:39:58,480 Compass Mining. They make Bitcoin mining 745 00:39:58,520 --> 00:40:02,400 accessible to everyone, from beginners to experienced 746 00:40:02,400 --> 00:40:05,280 investors. Their turnkey miners gets you 747 00:40:05,400 --> 00:40:09,680 online and hashing within 48 hours, making it easier than 748 00:40:09,680 --> 00:40:11,960 ever to start your mining journey. 749 00:40:12,480 --> 00:40:15,840 Plus, with their active marketplace, you can resell your 750 00:40:15,840 --> 00:40:19,800 miner at any time, adding flexibility and value to your 751 00:40:19,800 --> 00:40:22,640 investment. Visit their website to access a 752 00:40:22,760 --> 00:40:25,920 wealth of resources learning everything you need to know 753 00:40:25,920 --> 00:40:29,400 about Bitcoin mining. Take your first step into the 754 00:40:29,400 --> 00:40:31,960 world of Bitcoin mining with confidence. 755 00:40:32,120 --> 00:40:35,040 Discover more at Compass Mining dot IO. 756 00:40:35,120 --> 00:40:40,240 Again, Compass mining dot IO and see how Compass Mining can power 757 00:40:40,320 --> 00:40:50,480 your success. I want to I give a shout out to 758 00:40:50,480 --> 00:40:53,760 our sponsor foundation. It's self custody done right. 759 00:40:53,960 --> 00:40:57,680 They've built a premium grade hardware wallet called Passport 760 00:40:57,840 --> 00:41:01,280 right here in the US, and it integrates seamlessly with their 761 00:41:01,280 --> 00:41:05,560 free app called Envoy. Passport is fully open source 762 00:41:05,560 --> 00:41:08,320 and verifiable. It's the most intuitive Bitcoin 763 00:41:08,320 --> 00:41:11,960 wallet design with a UX reminiscent of a classic feature 764 00:41:11,960 --> 00:41:14,800 phone, so you'll know how to navigate it and use it the 765 00:41:14,800 --> 00:41:17,720 moment you pick it up. It's also air gaps, meaning 766 00:41:17,720 --> 00:41:21,480 Bitcoin stays offline, never touching an Internet connection. 767 00:41:21,720 --> 00:41:25,680 It's Bitcoin only open source, verifiable air gap security 768 00:41:25,680 --> 00:41:28,760 model, gorgeous design, craft premium grade materials. 769 00:41:28,960 --> 00:41:33,000 Get your Bitcoin off exchanges and into your own hands in just 770 00:41:33,000 --> 00:41:36,680 a few minutes with Passport at foundation dot XYZ slash. 771 00:41:36,680 --> 00:41:45,960 Simply get Peace of Mind. It's good to have Nico back scan 772 00:41:45,960 --> 00:41:50,200 the QR code, make sure you get yourself a beautiful passport by 773 00:41:50,200 --> 00:41:52,120 Foundation. Completely open source. 774 00:41:52,120 --> 00:41:55,160 And I honestly I keep saying this and I haven't actually 775 00:41:55,160 --> 00:41:58,920 tried it but it this connected with envoy it literally feels 776 00:41:58,920 --> 00:42:01,360 grandma friendly. So someone out there please 777 00:42:01,480 --> 00:42:04,960 force their grandma to use a passport connected to envoy and 778 00:42:04,960 --> 00:42:07,080 report back to me. Fact Check me in the chat 779 00:42:08,240 --> 00:42:11,960 they're so simple anyway scan the QR code right here here here 780 00:42:12,280 --> 00:42:14,960 and get yourself a passport by foundation and you can use a 781 00:42:14,960 --> 00:42:19,080 promo code simply to get a discount here we go all right 782 00:42:19,080 --> 00:42:22,960 guys, so as I was telling you guys we have a few sagas I'm 783 00:42:22,960 --> 00:42:24,960 going I'm going to kind of connect a few different stories. 784 00:42:24,960 --> 00:42:28,720 Actually I'm going to do the main story and then if I have 785 00:42:28,720 --> 00:42:30,600 enough time I'll get to another my story. 786 00:42:30,600 --> 00:42:33,480 So the main story here guys is surrounding Tesla. 787 00:42:33,480 --> 00:42:38,120 So let me pull this up I'm here in Tesla's earning update 788 00:42:38,120 --> 00:42:43,240 quarterly update deck for 2024 Q 4 and you know we're not going 789 00:42:43,240 --> 00:42:46,040 to talk about Tesla. This is not a Tesla show, but 790 00:42:46,040 --> 00:42:49,920 even though Tesla in, in the normie news, if you were reading 791 00:42:49,920 --> 00:42:55,120 some headlines around this Tesla quarterly report, it may have 792 00:42:55,120 --> 00:42:58,880 looked like Tesla's, you know, automotive output is down. 793 00:42:58,880 --> 00:43:01,840 There's a, there's a kind of a lot of fun around the, the Tesla 794 00:43:01,840 --> 00:43:04,200 quarterly report. But for us bit corners, there 795 00:43:04,200 --> 00:43:07,480 was a very, very big nugget in this. 796 00:43:07,480 --> 00:43:10,680 And So what am I talking about? You can see here profitability. 797 00:43:10,680 --> 00:43:13,960 We're not going to go over everything, but you can see 7.1 798 00:43:13,960 --> 00:43:20,280 billion GAAP net income in 2024 and 2.3 billion in Q4, including 799 00:43:20,440 --> 00:43:24,480 a point 6 billion mark to market gain on digital asset. 800 00:43:24,800 --> 00:43:27,320 Now for you guys, you know they don't know what the hell that 801 00:43:27,320 --> 00:43:30,000 means. Essentially that means that 802 00:43:30,000 --> 00:43:34,280 Tesla has implemented the fasby accounting rules surrounding the 803 00:43:34,280 --> 00:43:38,160 Bitcoin that they are hardly. So as you remember fasby 804 00:43:38,160 --> 00:43:40,480 accounting rules just went into effect in December. 805 00:43:40,480 --> 00:43:44,320 It looks like Tesla has implemented this and, and they 806 00:43:44,440 --> 00:43:48,520 essentially have increased their earnings this quarter from 807 00:43:48,520 --> 00:43:53,720 unrealized Bitcoin gains by 26%. So now that this stuff is 808 00:43:53,720 --> 00:43:56,400 happening now we're getting more receipts out there, more points 809 00:43:56,400 --> 00:43:58,800 showing us that, hey, you know, adding Bitcoin to your balance 810 00:43:58,800 --> 00:44:01,800 sheet isn't going to just be a detriment to your earnings 811 00:44:01,800 --> 00:44:04,080 report. You can actually claim the 812 00:44:04,080 --> 00:44:05,760 unrealized gains on your Bitcoin. 813 00:44:05,920 --> 00:44:09,240 And actually, Adam, you, you, you were given a good TLDR for 814 00:44:09,240 --> 00:44:12,240 Sophie before the show. Can you explain in the simple 815 00:44:12,240 --> 00:44:14,800 terms that you did for Sophie for the the audience, what the 816 00:44:14,800 --> 00:44:17,920 fasby accounting rule change actually means for a company? 817 00:44:18,280 --> 00:44:20,640 Yo don't lie up to you that was for you bro. 818 00:44:20,640 --> 00:44:22,560 That was me explaining it simply for you. 819 00:44:23,760 --> 00:44:28,240 Now listen, before fasby or with the fasby rules, you could buy 820 00:44:28,240 --> 00:44:32,280 Bitcoin at 50K and if Bitcoin went to 100K you couldn't show 821 00:44:32,280 --> 00:44:34,600 that on your balance sheet. So basically your balance sheet 822 00:44:34,600 --> 00:44:37,560 is all of your assets. If you have a house, or let's 823 00:44:37,560 --> 00:44:40,040 say you have an office building, you have cash and you have 824 00:44:40,040 --> 00:44:44,320 Bitcoin, you weren't allowed to show the increased value of your 825 00:44:44,320 --> 00:44:47,960 Bitcoin, which meant your assets continued to look like garbage, 826 00:44:48,200 --> 00:44:52,120 even though in real terms, in actual value held by the 827 00:44:52,120 --> 00:44:55,160 company. That was the opposite case 828 00:44:55,160 --> 00:44:58,480 because you had Bitcoin that was appreciating in value, but what 829 00:44:58,480 --> 00:45:01,800 you could do is mark it down in value. 830 00:45:01,800 --> 00:45:05,280 So basically it was a weird accounting rule that only 831 00:45:05,280 --> 00:45:09,160 allowed you to mark your assets down, which frankly does 832 00:45:09,160 --> 00:45:11,520 investors a disservice. I don't know who thought that 833 00:45:11,520 --> 00:45:14,000 was a good idea, ever. I can't figure out the first 834 00:45:14,000 --> 00:45:17,480 basic principle other than, oh hey, we're measuring garbage 835 00:45:17,480 --> 00:45:21,760 fake money anyways, may as well put some garbage fake rules 836 00:45:21,760 --> 00:45:24,680 around it. But now that that's gone, we see 837 00:45:24,680 --> 00:45:28,720 Tesla who bought Bitcoin what four years ago at like 20 K 838 00:45:29,400 --> 00:45:32,400 something crazy. They now get to massively 839 00:45:32,400 --> 00:45:35,800 increase the value of those Bitcoin on their balance sheet, 840 00:45:36,080 --> 00:45:39,280 which basically shows a high level investor who looks at 841 00:45:39,280 --> 00:45:41,480 three things. How much money do they make? 842 00:45:41,640 --> 00:45:44,560 How much money do they have? And what is the future of this 843 00:45:44,560 --> 00:45:48,560 business look like Now? The how much money do they have 844 00:45:49,080 --> 00:45:52,320 changes completely because they actually have Bitcoin that is 845 00:45:52,320 --> 00:45:54,880 valued properly on their balance sheet. 846 00:45:54,880 --> 00:45:58,040 This was a massive barrier to other companies holding Bitcoin 847 00:45:58,040 --> 00:46:01,960 before because it's like, why would I buy something if I can't 848 00:46:01,960 --> 00:46:05,320 show my shareholders the value that it actually is? 849 00:46:05,320 --> 00:46:09,680 Imagine like imagine a company measured on 1/4 by quarter 850 00:46:09,680 --> 00:46:12,280 basis. Not being able to show the real 851 00:46:12,280 --> 00:46:15,240 value of something on 1/4 by quarter basis doesn't make 852 00:46:15,240 --> 00:46:18,280 sense. So now people seeing Tesla and 853 00:46:18,280 --> 00:46:22,000 micro strategies showing their real value of Bitcoin on the 854 00:46:22,000 --> 00:46:25,560 balance sheet, padding their balance sheets, it's going to be 855 00:46:25,560 --> 00:46:27,760 a great thing. Yeah, this is huge. 856 00:46:27,760 --> 00:46:30,680 This is why we've been telling you guys constantly, you know, 857 00:46:30,920 --> 00:46:32,520 we've done a couple videos on this. 858 00:46:32,520 --> 00:46:34,920 Sailors been predicting that the three things needed to happen 859 00:46:34,920 --> 00:46:38,240 for $5,000,000 Bitcoin is 1, the Bitcoin ETFs, the FAZBE 860 00:46:38,240 --> 00:46:40,920 accounting rules, which is this is what this story is about. 861 00:46:41,080 --> 00:46:43,280 And then of course, banks custing Bitcoin. 862 00:46:43,280 --> 00:46:45,880 And we actually kind of connected all of those today. 863 00:46:45,880 --> 00:46:48,960 We no one wants to talk about the ETS anymore, but repealing 864 00:46:48,960 --> 00:46:52,040 Saab 121 was huge. Now we got another report here 865 00:46:52,040 --> 00:46:54,000 coming out of Tesla's quarterly earnings. 866 00:46:54,400 --> 00:46:56,160 They're using the fasby accounting rules, they're 867 00:46:56,160 --> 00:46:58,640 implementing it. You know, they claimed $600 868 00:46:58,640 --> 00:47:02,640 million on their earnings or literally 26% of their earnings 869 00:47:02,640 --> 00:47:06,040 were their unrealized capital gains tax or sorry unrealized 870 00:47:06,040 --> 00:47:10,240 capital gains on their Bitcoin. And and this made their stock 871 00:47:10,240 --> 00:47:14,080 pump up by 5% in after hours trading, which I know for us 872 00:47:14,080 --> 00:47:16,360 Bitcoin is like 5% is like, yeah, whatever. 873 00:47:16,360 --> 00:47:19,800 Like who cared? 5% on NASDAQ is like that's a 874 00:47:19,920 --> 00:47:24,040 big, big, big deal. And they added $60 billion of 875 00:47:24,040 --> 00:47:27,840 shareholder value, you know, 100 X multiple on their BTC. 876 00:47:27,840 --> 00:47:30,880 Like this is crazy stuff. Now moving forward a little bit, 877 00:47:30,880 --> 00:47:33,240 you know, Parker Lewis did some back of the napkin math and he 878 00:47:33,240 --> 00:47:37,640 goes up by my math, the Tesla sold roughly 75% of its Bitcoin. 879 00:47:37,680 --> 00:47:40,920 So if they have kept that, if they didn't sell that Bitcoin, 880 00:47:41,080 --> 00:47:45,320 this would have been a $2.4 billion increase had they just 881 00:47:45,320 --> 00:47:49,000 hold that Bitcoin. So absolutely insane numbers 882 00:47:49,000 --> 00:47:52,280 going on, right? Like it's this is going to blow 883 00:47:52,280 --> 00:47:55,400 the game open around Bitcoin and corporations adding Bitcoin to 884 00:47:55,400 --> 00:47:58,120 their balance sheet. So this is this is a big news 885 00:47:58,120 --> 00:48:01,040 story. Now, Adam, I do have another 886 00:48:01,040 --> 00:48:02,840 story here. Do you want to chime in here 887 00:48:02,840 --> 00:48:04,360 real quick? You want to add to this or you 888 00:48:04,360 --> 00:48:07,960 want to move on to the next Musk related story and we can kind of 889 00:48:08,120 --> 00:48:10,640 roll them all in together. Let's roll it, man. 890 00:48:10,640 --> 00:48:15,360 Let's let's see what you got. All right, so this is Musk with 891 00:48:15,360 --> 00:48:17,560 Tesla. And we all know, you know, Musk 892 00:48:17,560 --> 00:48:20,560 is kind of he's he's been skirting around Bitcoin for a 893 00:48:20,560 --> 00:48:22,560 long time. And you know, he's got the doge 894 00:48:22,560 --> 00:48:25,400 meme around the, you know, Department of Government 895 00:48:25,400 --> 00:48:28,560 efficiency. He kind of tweeted about Bitcoin 896 00:48:28,560 --> 00:48:31,840 the other week, seemingly a little more pro favor around 897 00:48:31,840 --> 00:48:34,120 Bitcoin. He was tweeting about Ross. 898 00:48:34,600 --> 00:48:36,200 He's been tweeting about Roger Burr. 899 00:48:36,200 --> 00:48:39,760 So obviously he's having these conversations around Bitcoin. 900 00:48:40,000 --> 00:48:44,000 Well, a recent news came out around, you know, the quote UN 901 00:48:44,000 --> 00:48:47,400 quote X everything app. And this is I'm gonna butcher 902 00:48:47,400 --> 00:48:49,880 her last name Linda Yakarino. I think it is. 903 00:48:50,320 --> 00:48:51,680 It's been. Yeah, that's great. 904 00:48:51,680 --> 00:48:53,400 All right, awesome. You know, I can speak today. 905 00:48:54,120 --> 00:48:58,360 So she rolled out this week that they are moving forward on their 906 00:48:58,360 --> 00:49:03,120 quote UN quote X money app or X money payments X everything app. 907 00:49:03,560 --> 00:49:07,400 But there's a glaring, you know, glaring omission here. 908 00:49:07,400 --> 00:49:11,120 But they are trying to use the narrative and rhetoric around 909 00:49:11,120 --> 00:49:12,120 Bitcoin. So here we go. 910 00:49:12,120 --> 00:49:14,880 Her tweet another milestone for the everything app. 911 00:49:14,920 --> 00:49:18,560 A Visa is our first partner for the X money account, which will 912 00:49:18,560 --> 00:49:21,680 debut later this year. It allows for secure plus 913 00:49:21,680 --> 00:49:24,960 instant funding to your X wallet via visa direct. 914 00:49:25,160 --> 00:49:28,640 It connects you to your debit card, allowing P to P payments. 915 00:49:28,920 --> 00:49:32,720 Interesting, interesting use of verbiage there options to 916 00:49:32,760 --> 00:49:34,960 instantly transfer funds to your bank account. 917 00:49:35,480 --> 00:49:39,440 First many a big announcement about X money this year and then 918 00:49:39,440 --> 00:49:41,240 you know, here's the Visa post here. 919 00:49:41,240 --> 00:49:43,680 We're excited to partner with X money on the launch of X Money 920 00:49:43,680 --> 00:49:46,680 account Visa direct. We'll make it possible for USX 921 00:49:46,680 --> 00:49:50,280 money account users to fund and transfer money in real time with 922 00:49:50,320 --> 00:49:53,680 their debit cards. Now of course they they 923 00:49:53,680 --> 00:49:57,520 mentioned P2P. Now there is glaring omissions 924 00:49:57,520 --> 00:50:01,440 and I would look for this there there is no talks about it being 925 00:50:01,440 --> 00:50:03,120 with Bitcoin. Obviously, we've been talking 926 00:50:03,120 --> 00:50:06,160 about this for a while. I think if Twitter did actually 927 00:50:06,160 --> 00:50:08,720 implement their X money everything out with Bitcoin, 928 00:50:08,720 --> 00:50:10,200 that would be a total game changer. 929 00:50:10,440 --> 00:50:13,040 But it looks like they're going down the traditional financial 930 00:50:13,040 --> 00:50:14,840 route. So it's very interesting when 931 00:50:14,840 --> 00:50:16,280 you compare the two different companies. 932 00:50:16,280 --> 00:50:20,440 We have Tesla, you know, using FAZBE accounting rules to mark 933 00:50:20,440 --> 00:50:24,000 up their earnings and their their reserves with Bitcoin. 934 00:50:24,640 --> 00:50:28,120 We have X money coming out, seemingly omitting Bitcoin, 935 00:50:28,120 --> 00:50:31,920 doing some form of peer-to-peer. I think I saw some, some some 936 00:50:31,920 --> 00:50:34,240 more intricacies on this and it seems like they might be 937 00:50:34,240 --> 00:50:38,040 implementing some form of stablecoin to back this X money 938 00:50:38,040 --> 00:50:40,880 payments everything app they're going to be using visa. 939 00:50:40,880 --> 00:50:44,520 Visa obviously for a long time has been kind of working with 940 00:50:44,520 --> 00:50:46,840 stablecoins and you know, quote UN quote block chains. 941 00:50:46,840 --> 00:50:49,360 They're they're they're treating Bitcoin kind of like it's, you 942 00:50:49,360 --> 00:50:51,120 know, hazardous material over here. 943 00:50:51,400 --> 00:50:54,160 But if Twitter really wanted to change the game, they should be 944 00:50:54,160 --> 00:50:57,240 adding Bitcoin to this. So a lot of news coming out of 945 00:50:57,240 --> 00:51:01,280 Musk or rather Musk related companies around Bitcoin or some 946 00:51:01,280 --> 00:51:04,600 omissions of Bitcoin. But you know, the big tale for 947 00:51:04,600 --> 00:51:10,920 me is as much as I would like to believe that Twitter or X is is 948 00:51:10,920 --> 00:51:14,440 on the fight for free speech, there is kind of some growing 949 00:51:14,440 --> 00:51:16,880 concerns around what is going on with Musk. 950 00:51:16,880 --> 00:51:20,160 And I'm, I'm not here to, you know, shit on Musk here, but he 951 00:51:20,160 --> 00:51:22,000 has been a little bit maniacal on Twitter. 952 00:51:22,000 --> 00:51:26,160 He's so tragically human. Yeah, he's so tragically human. 953 00:51:26,360 --> 00:51:29,280 You know, if you don't agree with Musk, it seems like he 954 00:51:29,320 --> 00:51:31,560 might be losing your blue check Marks and you know your 955 00:51:31,560 --> 00:51:35,880 monetization now send that down and go to the logical conclusion 956 00:51:35,880 --> 00:51:37,680 here. If he's doing that on the 957 00:51:37,680 --> 00:51:39,960 Twitter platform, I'm sure that's going to happen with the 958 00:51:39,960 --> 00:51:43,960 X money platforms as well. Obviously, we would love to see 959 00:51:43,960 --> 00:51:46,920 just Bitcoin natively implemented into Twitter. 960 00:51:47,120 --> 00:51:49,280 That would be the real game changer here. 961 00:51:49,560 --> 00:51:52,440 But it looks like they're going to be using just traditional 962 00:51:52,440 --> 00:51:55,240 financial tools to implement this X money app. 963 00:51:55,240 --> 00:51:58,280 But it is interesting that they are using, you know, some 964 00:51:58,280 --> 00:52:01,280 Bitcoin means here peer-to-peer payments, you know, and. 965 00:52:01,280 --> 00:52:02,600 What are the? Peer-to-peer payments. 966 00:52:02,600 --> 00:52:04,200 It's like Zelle Venmo. What's? 967 00:52:04,200 --> 00:52:08,440 What's the difference between Elon Musk and a central bank? 968 00:52:09,600 --> 00:52:13,080 Bars. Like seriously, I love Elon, I 969 00:52:13,080 --> 00:52:16,280 love Tesla, I love SpaceX. He's done some really great 970 00:52:16,280 --> 00:52:17,720 things. Nobody can deny that. 971 00:52:17,960 --> 00:52:23,240 But when it comes to Bitcoin, everybody knows that Elon has, 972 00:52:23,560 --> 00:52:25,560 you know, he he he doesn't like it. 973 00:52:25,760 --> 00:52:30,600 And I think it's partially because maybe he never got a big 974 00:52:30,600 --> 00:52:33,000 enough stack. Maybe he just didn't stack 975 00:52:33,000 --> 00:52:37,280 enough Bitcoin and now he's like salty that he didn't get in 976 00:52:37,880 --> 00:52:41,680 early enough like Sailor did. Maybe that's why he pivoted to 977 00:52:41,680 --> 00:52:43,600 Doge. That's why he's trying to make 978 00:52:43,600 --> 00:52:49,560 his own shit coin on XI. Don't know but what I don't know 979 00:52:49,560 --> 00:52:52,720 what the difference is. I think that he like this is, I 980 00:52:52,720 --> 00:52:56,400 think exposing in real time platforms over protocols. 981 00:52:56,720 --> 00:52:59,280 At the end of the day, Twitter's a business and Twitter has to 982 00:52:59,280 --> 00:53:03,160 make money and you just don't get to clip fees when you have 983 00:53:03,160 --> 00:53:05,320 Bitcoin. The lowest common denominator on 984 00:53:05,320 --> 00:53:08,560 Bitcoin is no fees actually peer-to-peer. 985 00:53:08,880 --> 00:53:12,960 And when you introduce that protocol into something, you're 986 00:53:12,960 --> 00:53:14,800 losing massive streams of revenue. 987 00:53:14,800 --> 00:53:19,440 Visa's probably going to pay XA billion dollars in whether it be 988 00:53:19,440 --> 00:53:23,360 an interchange fees or exchange fees or just in referral fees or 989 00:53:23,360 --> 00:53:26,400 whatever it may be. And and the only way they can do 990 00:53:26,400 --> 00:53:30,000 that is through their centralized censorship garbage. 991 00:53:30,200 --> 00:53:33,640 I think that just like communication got way better 992 00:53:33,640 --> 00:53:36,720 when we decentralized, you know, went to more of a protocol 993 00:53:36,720 --> 00:53:40,000 driven communication away from a platform driven communication. 994 00:53:40,280 --> 00:53:43,840 Our money is also getting way better on a protocol driven 995 00:53:43,840 --> 00:53:45,840 money versus a platform driven money. 996 00:53:46,080 --> 00:53:48,680 X money is going to fail. They are too late. 997 00:53:48,920 --> 00:53:51,920 The time for centralized payments was 10-15 years ago. 998 00:53:52,160 --> 00:53:53,960 PayPal. You know he should have kept 999 00:53:53,960 --> 00:53:57,640 with PayPal if he wanted to do the everything app in a platform 1000 00:53:57,640 --> 00:54:00,880 centric fashion. But at this point, it's done 1001 00:54:00,880 --> 00:54:04,640 centralized payments are over. If you are not integrating 1002 00:54:04,640 --> 00:54:08,440 directly with the peer-to-peer blockchain, the peer-to-peer 1003 00:54:08,440 --> 00:54:12,200 money protocol in Bitcoin, you're just going to lose. 1004 00:54:12,440 --> 00:54:17,600 I think that, you know, frankly, noster with zaps is infinitely 1005 00:54:17,600 --> 00:54:21,920 better than some X money, you know, changing blockchains. 1006 00:54:21,920 --> 00:54:26,520 I got WBTC, I'm using Visa Visa's banning me because I said 1007 00:54:26,520 --> 00:54:29,240 the wrong thing on Twitter. Social credit score. 1008 00:54:29,240 --> 00:54:33,240 There's just aligned incentives the whole way down this track 1009 00:54:33,560 --> 00:54:36,920 and again, moving towards protocol driven communication 1010 00:54:36,920 --> 00:54:39,760 and protocol driven money is the win at the end of the day. 1011 00:54:40,680 --> 00:54:44,800 Yeah, it really, you know, not being not not to be the, the 1012 00:54:44,800 --> 00:54:47,640 full tinfoil hat bitcoiner on the show, which I am. 1013 00:54:48,240 --> 00:54:51,120 It really does seem like X money is just kind of laying the 1014 00:54:51,120 --> 00:54:54,720 groundwork for the, the Western social credit scores going on, 1015 00:54:54,720 --> 00:54:58,040 especially connecting your social media to your money that 1016 00:54:58,040 --> 00:55:01,480 like, guys, if, if this is the case, I'm literally going to be 1017 00:55:01,480 --> 00:55:05,720 completely unbanked. I, I think I'm, I'm, I know my 1018 00:55:05,760 --> 00:55:09,600 social credit score right now is when the club very low, very low 1019 00:55:09,600 --> 00:55:11,760 over there. If this gets implemented 1020 00:55:11,760 --> 00:55:14,840 worldwide or at least on, you know, the nation state level 1021 00:55:14,840 --> 00:55:17,840 here in the US and it kind of takes over like Twitter's kind 1022 00:55:17,840 --> 00:55:21,120 of doing as a social media app, I think a lot of this Bitcoin is 1023 00:55:21,120 --> 00:55:23,440 going to be so wrecked. We're going to be forced to use 1024 00:55:23,440 --> 00:55:26,040 Bitcoin no matter what. It's not just going to be our 1025 00:55:26,040 --> 00:55:28,280 option. It's going to be our necessity 1026 00:55:28,280 --> 00:55:30,920 to survive. But yeah, it is very crazy when 1027 00:55:30,920 --> 00:55:33,560 you kind of look at the the dichotomies we're seeing from 1028 00:55:33,640 --> 00:55:38,440 Tesla and Twitter, both must companies kind of doing two 1029 00:55:39,240 --> 00:55:41,320 different things in in the same regards. 1030 00:55:41,320 --> 00:55:45,160 We have Tesla doubling down on the fasby accounting rules. 1031 00:55:45,160 --> 00:55:47,760 You know, they're they're benefiting from Bitcoin gains. 1032 00:55:47,760 --> 00:55:51,240 And then on the flip side, it looks like they're omitting 1033 00:55:51,240 --> 00:55:52,680 Bitcoin from these payments apps. 1034 00:55:52,680 --> 00:55:54,640 So hey, we'll. Yeah, but again, both things, 1035 00:55:54,920 --> 00:55:58,880 both things pointing towards the same, which is just Elon wanting 1036 00:55:58,880 --> 00:56:00,640 to prop up the business. Yeah. 1037 00:56:00,640 --> 00:56:03,640 And I think that, you know, and, and to be fair and, and play the 1038 00:56:03,640 --> 00:56:05,360 other side. I saw comments earlier that was 1039 00:56:05,360 --> 00:56:08,640 like, or the, the tweet we showed was like, oh, if they 1040 00:56:08,640 --> 00:56:11,240 would have just held Bitcoin, they would have been up more and 1041 00:56:11,240 --> 00:56:12,960 fair enough. But I think that they probably 1042 00:56:12,960 --> 00:56:15,680 had to spend the Bitcoin to build the Gigafactory. 1043 00:56:15,680 --> 00:56:17,960 You know, when you build a Gigafactory and then, you know, 1044 00:56:17,960 --> 00:56:19,240 it makes it launched into product. 1045 00:56:19,440 --> 00:56:20,920 That's what Bitcoin is there for. 1046 00:56:20,920 --> 00:56:23,440 The point of Bitcoin is not just to hold Bitcoin and live in your 1047 00:56:23,440 --> 00:56:25,800 cardboard box. The point is to be able to 1048 00:56:25,800 --> 00:56:28,680 innovate and bring new things to the world and add more value to 1049 00:56:28,680 --> 00:56:30,720 the world. Invest in yourself and and all 1050 00:56:30,720 --> 00:56:32,800 that good stuff. Yeah, he said. 1051 00:56:32,800 --> 00:56:36,360 He said that he was selling because Tesla couldn't be 1052 00:56:36,360 --> 00:56:40,520 aligned with Bitcoin due to environmental concerns, which 1053 00:56:40,520 --> 00:56:43,360 was a lie. And he's lying again and he's 1054 00:56:43,360 --> 00:56:46,080 lying again when he says that this is going to be a 1055 00:56:46,080 --> 00:56:48,880 peer-to-peer money. There's only one peer-to-peer 1056 00:56:48,880 --> 00:56:50,200 money. Actually, there's two. 1057 00:56:50,200 --> 00:56:53,640 There's cash and there's Bitcoin and then. 1058 00:56:53,720 --> 00:56:56,120 Even cash is reliant on. Exactly. 1059 00:56:56,240 --> 00:56:58,240 Exactly. A third party because you have 1060 00:56:58,240 --> 00:57:00,680 to authenticate it and you have to have a government that's 1061 00:57:00,680 --> 00:57:02,120 backing it. So yeah, no, I totally. 1062 00:57:02,120 --> 00:57:05,520 There you go, I stand corrected. So, so when if he would have 1063 00:57:05,520 --> 00:57:08,680 said I'm selling my Bitcoin because I want to build a giga 1064 00:57:08,680 --> 00:57:13,200 factory, my respects love that because I love Teslas. 1065 00:57:13,200 --> 00:57:15,800 I think they're the coolest cars out there in the market. 1066 00:57:16,160 --> 00:57:20,040 But he literally sold it. Tesla cannot be associated 1067 00:57:20,040 --> 00:57:22,680 because there are environmental concerns and so. 1068 00:57:23,160 --> 00:57:26,320 Yeah, you know. That's not cool. 1069 00:57:26,360 --> 00:57:30,360 Like and and he and he I remember like the FUD that he 1070 00:57:30,360 --> 00:57:34,280 spread like was kind of correlated there with the price 1071 00:57:34,280 --> 00:57:38,080 going down and everything. So, you know, I, I, I, I don't 1072 00:57:38,080 --> 00:57:40,960 think that's cool and then pumping doge by saying that 1073 00:57:40,960 --> 00:57:44,760 that's like a, a superior crypto or whatever, Like I'm, I'm, I'm 1074 00:57:44,760 --> 00:57:48,600 not for that. And I, I, and if he again, like, 1075 00:57:48,600 --> 00:57:52,840 if he had done it to sell, like to make like something better 1076 00:57:52,840 --> 00:57:54,680 for the world, that's really, that's great. 1077 00:57:54,680 --> 00:57:59,480 But he doesn't and he's, and it really offends me actually that 1078 00:57:59,480 --> 00:58:03,760 he's lying when he says that X is going to have a peer-to-peer. 1079 00:58:03,760 --> 00:58:06,280 It's like you're insulting people's intelligence. 1080 00:58:06,360 --> 00:58:10,280 You're insulting all of Bitcoin Twitter, who knows what real 1081 00:58:10,280 --> 00:58:15,240 peer-to-peer technology is. And it's not this when Visa is 1082 00:58:15,240 --> 00:58:18,680 involved in the middle. When there is a central bank 1083 00:58:18,680 --> 00:58:22,560 that is controlling the currency, you are not inventing 1084 00:58:22,560 --> 00:58:26,160 or providing a peer-to-peer service on your platform. 1085 00:58:26,280 --> 00:58:28,480 You're actually just a shit coiner. 1086 00:58:33,000 --> 00:58:36,720 Get up the chat saying get up all right, cooking. 1087 00:58:36,720 --> 00:58:39,160 Well, it is interesting here before I move on and we're going 1088 00:58:39,160 --> 00:58:42,800 to talk about Bitcoin. Well, it's funny seeing, you 1089 00:58:42,800 --> 00:58:46,440 know, I would say Niko's better half just like going in on Elon 1090 00:58:46,440 --> 00:58:48,960 and Niko loves Elon. So it's just funny. 1091 00:58:48,960 --> 00:58:52,240 It's just, it's really. Funny too, but you know, like 1092 00:58:52,240 --> 00:58:54,200 somebody's got to put him in his place. 1093 00:58:54,480 --> 00:58:57,800 Sophie's the real Bitcoiner, though, because like, it's like. 1094 00:58:57,840 --> 00:58:59,920 But here's the thing, listen up, listen up. 1095 00:59:00,200 --> 00:59:04,960 When we as Bitcoiners, we have to to stop idolizing people we 1096 00:59:04,960 --> 00:59:08,160 like, you know, the quote never meet your heroes is because all 1097 00:59:08,160 --> 00:59:10,760 of your heroes fail you because they're only in it for 1098 00:59:10,760 --> 00:59:12,840 themselves. Elon is no exception. 1099 00:59:12,840 --> 00:59:15,720 I also love Elon. I think he's done, you know, for 1100 00:59:15,760 --> 00:59:18,400 for humanity is amazing. And I also love his cars and I 1101 00:59:18,400 --> 00:59:19,640 think his products are incredible. 1102 00:59:20,120 --> 00:59:24,040 However, I don't put him on some pedestal like he can do no 1103 00:59:24,040 --> 00:59:26,680 wrong. We have to be OK disagreeing 1104 00:59:26,680 --> 00:59:29,920 with our heroes. We have to be OK, you know, 1105 00:59:30,040 --> 00:59:33,120 having someone idolizing or, or looking at someone in a positive 1106 00:59:33,120 --> 00:59:36,160 light and having them change, having our values change and 1107 00:59:36,160 --> 00:59:38,360 being OK with moving that. And, and again, you know, 1108 00:59:38,360 --> 00:59:40,880 talking about aligned incentives, Bitcoin enables you 1109 00:59:40,880 --> 00:59:43,160 to do that. So I think, you know, the moral 1110 00:59:43,160 --> 00:59:47,200 of the story is adopt Bitcoin and don't idolize people. 1111 00:59:48,200 --> 00:59:50,520 Yeah, turn yourself into your own hero. 1112 00:59:50,800 --> 00:59:51,960 I love that. I love that. 1113 00:59:51,960 --> 00:59:53,760 I love that. All right, all right, all right, 1114 00:59:53,760 --> 00:59:57,640 let's let's pivot here and let's talk about what Adam's been 1115 00:59:57,640 --> 00:59:59,240 working on. It's been a minute, man. 1116 00:59:59,240 --> 01:00:03,200 So we're going to go into the culture and talk about Bitcoin. 1117 01:00:03,200 --> 01:00:05,880 Well, there's a lot of a lot of surprises, and I got a little 1118 01:00:05,880 --> 01:00:09,280 sneak peek of some stuff, but we can't, we can't, we can't fully 1119 01:00:09,280 --> 01:00:10,920 sneak peek some stuff. So we're going to just talk 1120 01:00:10,920 --> 01:00:13,480 about things that have happened. All right, let's get into it. 1121 01:00:14,600 --> 01:00:17,600 I want to give a shout out to our sponsor Hive Digital 1122 01:00:17,600 --> 01:00:20,760 Technologies. As the first ever public miner, 1123 01:00:20,880 --> 01:00:24,440 Hive's been battle tested through every possible market 1124 01:00:24,680 --> 01:00:29,400 and as the first with an AI strategy, Hive continues to 1125 01:00:29,400 --> 01:00:32,360 redefine the future of sustainable energy. 1126 01:00:32,520 --> 01:00:34,800 Also got to casually drop this in here. 1127 01:00:35,000 --> 01:00:39,720 Hive consistently tops the industry in Bitcoin mine per 1128 01:00:39,960 --> 01:00:42,280 Exahash. They're lean and mean, they're 1129 01:00:42,280 --> 01:00:45,200 green and clean, and they're changing the the game. 1130 01:00:45,400 --> 01:00:49,160 Learn more by following them at Hive Digital Tech or check out 1131 01:00:49,160 --> 01:00:52,440 their website, hivedigitaltech.com. 1132 01:01:03,560 --> 01:01:06,680 All right guys, before we hit Bitcoin, well, we got a plug. 1133 01:01:06,840 --> 01:01:09,760 Bitlock boom. This is our favorite conference 1134 01:01:09,760 --> 01:01:12,640 because this is where simply Bitcoin was born from. 1135 01:01:12,640 --> 01:01:14,920 This is where all cool people show up. 1136 01:01:14,920 --> 01:01:17,320 We go hang out in the lobby, we get some good BBQ. 1137 01:01:17,480 --> 01:01:20,560 Make sure you get to Dallas April 3rd through April 6. 1138 01:01:21,000 --> 01:01:23,880 Come join us at Bit Block Boom. Of course, if you aren't going 1139 01:01:23,880 --> 01:01:25,800 to make it, you don't want to spend some stats on the 1140 01:01:25,800 --> 01:01:27,120 conference. We will be streaming this. 1141 01:01:27,120 --> 01:01:28,920 The whole Simply Bitcoin team will be there. 1142 01:01:28,920 --> 01:01:31,360 We'll have the news desk, but make sure you get down there, 1143 01:01:31,360 --> 01:01:32,960 guys. It's in Dallas this year. 1144 01:01:33,160 --> 01:01:36,160 It's going to be great. Use the promo code BB21I. 1145 01:01:36,160 --> 01:01:39,720 Repeat BB 21 for $100 off your tickets. 1146 01:01:40,720 --> 01:01:42,160 All right, yo. Hang on, hang on, listen to 1147 01:01:42,160 --> 01:01:45,200 Ofti. Just subtle mention of the Texas 1148 01:01:45,200 --> 01:01:48,240 barbecue and I got to the Tennessee BBQ. 1149 01:01:48,400 --> 01:01:52,760 Holy love, hometown boy, I'm. Biased here. 1150 01:01:52,760 --> 01:01:56,360 I you know, I thought I used to know what good BBQ was. 1151 01:01:56,640 --> 01:02:00,600 Now I realize it's Texas BBQ above all. 1152 01:02:00,640 --> 01:02:02,800 Yeah, for just for everyone watching. 1153 01:02:02,800 --> 01:02:06,360 I got to hang ofti and I were hanging out in Nashville at the 1154 01:02:06,440 --> 01:02:11,320 at the Bitcoin conference and we went for BBQ multiple times and 1155 01:02:11,320 --> 01:02:15,880 this man was salty every single time being like, Nah, this ain't 1156 01:02:15,880 --> 01:02:18,240 real. This is this is way worse. 1157 01:02:18,240 --> 01:02:20,800 What are these people can't even call this BBQ. 1158 01:02:20,800 --> 01:02:23,680 So I. Don't know this, this BBQ's mid 1159 01:02:23,680 --> 01:02:28,080 and I'm like, is this good BBQ? I'm like, Nah, this is mid. 1160 01:02:28,080 --> 01:02:30,680 Like it's delicious obviously, but it's just not. 1161 01:02:30,680 --> 01:02:32,680 It just doesn't. I don't know what they do here. 1162 01:02:32,680 --> 01:02:34,360 They just know how to make barbecue in Texas. 1163 01:02:34,360 --> 01:02:37,080 So hey, it is what it is all right, All right anyways, 1164 01:02:37,120 --> 01:02:38,800 anyways, let's let's talk about Bitcoin. 1165 01:02:38,800 --> 01:02:42,760 Well, so Adam, man, how you been good to have you back on the 1166 01:02:42,760 --> 01:02:46,120 show super hyped about, you know, working with you guys, 1167 01:02:46,120 --> 01:02:48,520 partnering with you guys. I think 2025 is going to be a 1168 01:02:48,520 --> 01:02:52,440 huge year, not just for us here, you know Bitcoin well and simply 1169 01:02:52,440 --> 01:02:54,400 Bitcoin, but for Bitcoin in general. 1170 01:02:54,640 --> 01:02:57,240 But man you guys have been working really hard behind the 1171 01:02:57,240 --> 01:03:00,560 scenes. So I know you do have some maybe 1172 01:03:00,560 --> 01:03:04,320 you can do a live demo for people, but man, just teeing you 1173 01:03:04,320 --> 01:03:06,320 up, bro. How is everything going on over 1174 01:03:06,320 --> 01:03:06,920 there? Bitcoin? 1175 01:03:06,920 --> 01:03:10,120 Well, and then you can rant and then I know actually actually 1176 01:03:10,120 --> 01:03:12,720 before you do that guys get your lightning wallets out because 1177 01:03:12,720 --> 01:03:14,640 Adam wants to give you guys some sats. 1178 01:03:15,080 --> 01:03:17,240 So before before he's all ranted. 1179 01:03:17,240 --> 01:03:19,880 Want to pull up your? No, no, no, no, no, you, you 1180 01:03:19,880 --> 01:03:22,680 rant so they can get ready, so they'll have the wallets and 1181 01:03:22,680 --> 01:03:23,880 then we'll and then we'll pull it up. 1182 01:03:24,440 --> 01:03:26,520 Yeah, listen. So, OK, I saw comments earlier 1183 01:03:26,520 --> 01:03:28,080 which actually teed it up perfectly. 1184 01:03:29,080 --> 01:03:32,280 Bitcoin is your bank. And we were like, yeah, we also 1185 01:03:32,280 --> 01:03:35,440 believe this, you know, as you know, I am D banked. 1186 01:03:35,840 --> 01:03:39,880 I don't, I don't get a bank account here in Canada, but you 1187 01:03:39,880 --> 01:03:43,480 know, I'm also lucky that I get paid in Bitcoin immediately. 1188 01:03:43,520 --> 01:03:47,200 And so one of the things that we're trying to balance is how 1189 01:03:47,200 --> 01:03:51,280 do you allow Bitcoin in self custody to be your bank? 1190 01:03:51,280 --> 01:03:53,960 And there's two ways. 1 you got to handle the outflows. 1191 01:03:53,960 --> 01:03:57,760 How do you live your life and how do you spend, spend Bitcoin 1192 01:03:57,760 --> 01:03:59,800 to actually be able to, to pay for your life. 1193 01:04:00,080 --> 01:04:02,880 But the first thing you need is to be able to receive Bitcoin 1194 01:04:02,880 --> 01:04:05,240 from your employer. I don't know about you guys, but 1195 01:04:05,520 --> 01:04:09,880 half of our of our province here in, in Alberta is is working for 1196 01:04:09,880 --> 01:04:13,440 like oil and gas companies and they are decades away it seems 1197 01:04:13,440 --> 01:04:16,080 like from from paying their people in bitcoins. 1198 01:04:16,080 --> 01:04:20,040 So we wanted to give our customers a way to send their 1199 01:04:20,040 --> 01:04:23,760 paychecks to Bitcoin well, and then have Bitcoin automatically 1200 01:04:23,760 --> 01:04:28,200 sent to their self custody instantly right away the second 1201 01:04:28,200 --> 01:04:31,520 we get paid, which effectively allows you to get paid in 1202 01:04:31,520 --> 01:04:33,600 Bitcoin. This is on our mission towards 1203 01:04:33,840 --> 01:04:35,400 replacing your bank with Bitcoin. 1204 01:04:35,400 --> 01:04:39,480 Well, I do not want you exposed to the confines of Bank of 1205 01:04:39,480 --> 01:04:43,080 America or to, you know, whatever garbage policies you 1206 01:04:43,080 --> 01:04:45,040 know the Bank of the day is going to have. 1207 01:04:45,280 --> 01:04:47,920 And so the way to do that is to circumvent the banks completely. 1208 01:04:48,640 --> 01:04:51,200 We want you to be able to send your paychecks to Bitcoin well 1209 01:04:51,560 --> 01:04:54,040 and then receive Bitcoin in self custody. 1210 01:04:54,160 --> 01:04:57,040 And so we've launched direct deposit. 1211 01:04:57,560 --> 01:04:59,400 And direct deposit looks like this. 1212 01:04:59,400 --> 01:05:02,200 It's this little tab on the left hand side here. 1213 01:05:02,400 --> 01:05:06,000 When you click that, you set how much Bitcoin you want on each 1214 01:05:06,000 --> 01:05:09,680 and every paycheck that you get. You can have 60% Bitcoin, you 1215 01:05:09,680 --> 01:05:15,000 can go 5 or 0% Bitcoin, but I strongly recommend going 100% 1216 01:05:15,320 --> 01:05:18,320 Bitcoin, obviously, because we're not Fiat Maxis, we're 1217 01:05:18,320 --> 01:05:21,640 Bitcoin Bitcoin Maxis, and Bitcoin maxi means 100%. 1218 01:05:21,640 --> 01:05:24,480 But of course you do. Whatever is is kind of like 1219 01:05:24,480 --> 01:05:27,520 going to be the right thing for you and your family stacking off 1220 01:05:27,520 --> 01:05:30,280 of your paycheck. Next, you set which Bitcoin 1221 01:05:30,280 --> 01:05:34,080 wallet you want to send to and when you send it to a Bitcoin 1222 01:05:34,080 --> 01:05:37,440 wallet, you then click your direct deposit info and your 1223 01:05:37,440 --> 01:05:39,440 direct deposit info is going to be able. 1224 01:05:39,440 --> 01:05:40,720 This is kind of like a fake account. 1225 01:05:40,720 --> 01:05:44,280 So I'm just, you know, mocking this up here, but it looks like 1226 01:05:44,280 --> 01:05:46,960 this. So you get your, you get your, 1227 01:05:47,040 --> 01:05:51,640 your direct deposit info and you send this to your your employer, 1228 01:05:51,640 --> 01:05:53,440 your whoever sends you your paychecks, whoever sends you 1229 01:05:53,440 --> 01:05:55,560 money. Really, you can even send, I 1230 01:05:55,600 --> 01:05:57,360 mean, frankly, you could send this from one of your other 1231 01:05:57,360 --> 01:06:01,000 banks as well, but they send your paychecks to these account 1232 01:06:01,000 --> 01:06:05,000 numbers and then boom, Bitcoin gets sent instantly to self 1233 01:06:05,000 --> 01:06:07,560 custody. The second we get that money, 1234 01:06:07,720 --> 01:06:10,240 it's gone. It's out and sent to self 1235 01:06:10,240 --> 01:06:12,040 custody. So you effectively get to live 1236 01:06:12,040 --> 01:06:13,640 on Bitcoin. You get to adopt A Bitcoin 1237 01:06:13,640 --> 01:06:15,560 standard. We started having this problem, 1238 01:06:15,560 --> 01:06:19,160 especially here in Canada where it's like the banks are telling 1239 01:06:19,160 --> 01:06:22,760 our customers what they can and cannot spend their money on. 1240 01:06:22,760 --> 01:06:25,400 Some of our banks were saying you cannot send money to 1241 01:06:25,400 --> 01:06:27,080 Bitcoin. Well, because we don't want you 1242 01:06:27,080 --> 01:06:30,680 buying Bitcoin. And I'm like, OK, let's just get 1243 01:06:30,680 --> 01:06:33,680 rid of the banks entirely. Let's go direct from employer 1244 01:06:33,840 --> 01:06:37,000 straight to Bitcoin and then you know, we'll send the rest to 1245 01:06:37,000 --> 01:06:39,080 your bank because we don't decide who gets your money or 1246 01:06:39,080 --> 01:06:39,960 not. It's your money and you can 1247 01:06:39,960 --> 01:06:42,800 spend it however you want. So that's what we're, that's 1248 01:06:42,880 --> 01:06:46,440 what we're stoked on right now. And yeah, highly recommend you 1249 01:06:46,440 --> 01:06:50,920 go get direct deposit set up. Just set a recurring stack, 10 1250 01:06:50,920 --> 01:06:53,880 percent, 15%, twenty percent 100%. 1251 01:06:55,040 --> 01:06:56,960 Buy Bitcoin. Be rich, I guess. 1252 01:06:57,960 --> 01:07:00,640 Let's go choose Rich. Choose rich as the meme goes. 1253 01:07:02,240 --> 01:07:05,400 Hey, so there's a there's a couple comments in the chat and 1254 01:07:05,400 --> 01:07:08,000 and as I always like to tell you and and joke with you. 1255 01:07:08,200 --> 01:07:11,440 So this is available in the only country that matters, correct? 1256 01:07:14,200 --> 01:07:17,600 So. Hold on, Hold on, Adam. 1257 01:07:17,600 --> 01:07:20,120 The actual question is, is this available in New York State? 1258 01:07:21,400 --> 01:07:23,640 Yes, it is available in New York State. 1259 01:07:23,760 --> 01:07:25,960 All 50 states can benefit from this. 1260 01:07:25,960 --> 01:07:27,840 The limits are going to look a little bit different in New York 1261 01:07:27,840 --> 01:07:29,600 State. I think they're 5 grand rather 1262 01:07:29,600 --> 01:07:32,480 than 15, but I have to check on that. 1263 01:07:33,160 --> 01:07:37,240 But yeah, all 50 states, we, we are, you know, obviously working 1264 01:07:37,240 --> 01:07:40,560 hard to make sure that, you know, I, I think it's really 1265 01:07:40,560 --> 01:07:43,040 dumb and I cannot believe what New York State. 1266 01:07:43,040 --> 01:07:45,560 There's there's three problem states in the US and, and it, 1267 01:07:45,560 --> 01:07:50,720 it's shocking to me how how brutal and, and all the stuff 1268 01:07:50,720 --> 01:07:51,920 you have to go through to be there. 1269 01:07:51,920 --> 01:07:57,080 But yes, available in New York State and yeah, basically anyone 1270 01:07:57,080 --> 01:08:00,120 in the USA can have their paychecks immediately converted 1271 01:08:00,120 --> 01:08:02,320 to Bitcoin and sent straight to self custody. 1272 01:08:02,680 --> 01:08:04,720 That's like, that's set it and forget it, man. 1273 01:08:04,720 --> 01:08:09,000 You go to work, you, you grind in the Fiat mines and you come 1274 01:08:09,000 --> 01:08:11,200 home with Bitcoin and self custody. 1275 01:08:11,200 --> 01:08:13,920 This is, this is the future that I want my kids to see. 1276 01:08:14,200 --> 01:08:16,600 And as you guys know, this is what I build for people are 1277 01:08:16,600 --> 01:08:20,200 always like, you know, how do you, how do you get the like, 1278 01:08:20,520 --> 01:08:22,560 where does the inspiration come from for Bitcoin? 1279 01:08:22,560 --> 01:08:25,000 Well, or you know, this like this mantra of being able to 1280 01:08:25,000 --> 01:08:26,640 actually replace your bank with Bitcoin. 1281 01:08:26,640 --> 01:08:28,840 Well, and I'm like, I'm just building what I need. 1282 01:08:28,840 --> 01:08:30,800 I'm building what I want my kids to have access to. 1283 01:08:31,080 --> 01:08:34,600 And that's work hard, get paid in Bitcoin, spend as little as 1284 01:08:34,600 --> 01:08:36,479 possible. This is the This is the Bitcoin 1285 01:08:36,479 --> 01:08:38,640 standard, baby. Let's go, let's go. 1286 01:08:38,640 --> 01:08:39,800 All right. Well, I'm gonna pull up the 1287 01:08:39,800 --> 01:08:41,880 wishing well right now, but I don't know. 1288 01:08:42,479 --> 01:08:44,399 Yeah, yeah, go. On go on the wishing well note, 1289 01:08:44,520 --> 01:08:46,520 just while you guys are getting your Lightning wallets ready 1290 01:08:47,200 --> 01:08:51,000 also, you can now add your end pub to your Bitcoin Well 1291 01:08:51,000 --> 01:08:53,240 account. Let's go straight up. 1292 01:08:54,040 --> 01:09:00,520 It does nothing right now, but we are actively investigating 1293 01:09:00,520 --> 01:09:02,720 ways to integrate the nostril protocol. 1294 01:09:03,040 --> 01:09:05,399 It's kind of funny. We were talking about the the 1295 01:09:05,399 --> 01:09:06,600 Elon. There's 210. 1296 01:09:06,720 --> 01:09:08,520 We got to keep going till we got a good one though, yeah. 1297 01:09:08,520 --> 01:09:10,960 Yeah, I'll keep it. Going keep it going. 1298 01:09:10,960 --> 01:09:13,680 The so like obviously, you know, we were talking about Elon and 1299 01:09:13,680 --> 01:09:15,960 the everything app and X money and all that stuff. 1300 01:09:17,080 --> 01:09:20,439 It's kind of funny that Bitcoin well actually has a chance to 1301 01:09:20,479 --> 01:09:24,560 accidentally turn into this way because we're so focused on 1302 01:09:24,560 --> 01:09:29,200 independence and so focused on Bitcoin in self custody with the 1303 01:09:29,200 --> 01:09:32,880 nostril protocol. Like we could just integrate 1304 01:09:32,880 --> 01:09:37,200 your feed into your money app. You know, you could really have 1305 01:09:37,800 --> 01:09:40,120 there we go 2100. It's it's it's happening. 1306 01:09:40,120 --> 01:09:44,479 Feels like the well is primed. We could we could have and, and 1307 01:09:44,479 --> 01:09:48,319 integrate ways that your noster account is actually able to even 1308 01:09:48,560 --> 01:09:51,040 buy Bitcoin. You could, you know, there's a 1309 01:09:51,040 --> 01:09:55,400 world where you could just send Adm and buy Bitcoin straight 1310 01:09:55,400 --> 01:09:58,600 from your bank account or, you know, pay your rent with Bitcoin 1311 01:09:58,600 --> 01:10:00,840 straight that way. So I think that we're pretty 1312 01:10:00,840 --> 01:10:04,520 pumped on ways to to integrate the noster protocol, but you 1313 01:10:04,520 --> 01:10:06,160 know, we're going to need help from the community. 1314 01:10:06,520 --> 01:10:10,000 How do you want to use Noster in your Bitcoin well account? 1315 01:10:10,000 --> 01:10:13,280 So please go add your NPUB. Follow us on Noster, 1316 01:10:14,000 --> 01:10:17,960 primal.isitprimal.net, primal.net/winwell. 1317 01:10:18,800 --> 01:10:21,360 You can go primal.net/adam if you want to follow me. 1318 01:10:21,680 --> 01:10:25,960 And yeah, not social credit explicitly. 1319 01:10:26,040 --> 01:10:31,040 Not my social credit, not good. Explicitly not social credit 1320 01:10:31,600 --> 01:10:34,000 actually, there's a there's a Canadian here, VMAT, he says. 1321 01:10:34,000 --> 01:10:36,000 When will this be available in Canada I'm guessing? 1322 01:10:36,000 --> 01:10:37,560 You should be. Available there. 1323 01:10:38,160 --> 01:10:39,400 Yeah. No, not yet in Canada. 1324 01:10:39,400 --> 01:10:42,240 We're working on that, Adam. 'S listening to me. 1325 01:10:42,360 --> 01:10:43,680 Adam's listening to me. Do it in. 1326 01:10:43,680 --> 01:10:46,960 America First. Now I felt like our US product 1327 01:10:46,960 --> 01:10:50,120 was falling behind and so we had to spend some time and, and, and 1328 01:10:50,120 --> 01:10:53,120 you know, get off the off my back basically. 1329 01:10:53,120 --> 01:10:57,440 But now listen, we are actively working on this in Canada as 1330 01:10:57,440 --> 01:10:59,440 well. We want everyone in North 1331 01:10:59,440 --> 01:11:03,320 America to be able to work hard, stack Bitcoin in self custody 1332 01:11:04,000 --> 01:11:05,520 and then spend as little as they can. 1333 01:11:05,640 --> 01:11:09,680 And I think that yeah, one step towards just replace your bank 1334 01:11:09,680 --> 01:11:11,480 with Bitcoin. Well, this is something that we 1335 01:11:11,480 --> 01:11:15,680 are constantly talking about here in the in the office is how 1336 01:11:15,680 --> 01:11:17,120 do you replace your bank with Bitcoin? 1337 01:11:17,120 --> 01:11:21,080 Well, and it looks like office on a office on a bad streak. 1338 01:11:21,080 --> 01:11:23,600 So go sign up. I think if you use if you use 1339 01:11:23,600 --> 01:11:27,840 your ref code Opti I think you get 55 free. 1340 01:11:28,720 --> 01:11:33,000 Are we showing? We're all right, Let me I'm 1341 01:11:33,000 --> 01:11:34,920 gonna show our Bitcoin well, right now in the chat. 1342 01:11:34,920 --> 01:11:36,920 Let's let's do this. Or you could use 1343 01:11:36,920 --> 01:11:40,080 bitcoinwell.com/adam. No, no, no, don't do that. 1344 01:11:40,120 --> 01:11:42,520 That will also be fine, but. No, do not do that. 1345 01:11:42,520 --> 01:11:44,320 Do not do that. Sign up to this one. 1346 01:11:44,320 --> 01:11:45,600 It's in the chat. It's in the chat. 1347 01:11:47,280 --> 01:11:49,360 And then also actually, Kay, while you're here, Opti, so 1348 01:11:49,360 --> 01:11:51,160 check this out. So when you go here in your 1349 01:11:51,160 --> 01:11:55,080 account, you can add a lightning address and you you legitimately 1350 01:11:55,080 --> 01:11:56,560 get paid. Let let me show you. 1351 01:11:56,880 --> 01:11:59,800 So I'm just using like a a custodial lightning wallet for 1352 01:11:59,800 --> 01:12:05,640 my ref payments and my payments going out are literally ref 1353 01:12:05,640 --> 01:12:06,160 payments. I. 1354 01:12:06,160 --> 01:12:09,320 Wonder if you can? See this and then and then also 1355 01:12:09,320 --> 01:12:13,000 look up here you can see Lightning cats because my kids 1356 01:12:13,000 --> 01:12:15,280 and I have been feeding these cats on the Lightning network 1357 01:12:15,280 --> 01:12:17,800 which has been. Oh my God, that's awesome. 1358 01:12:18,560 --> 01:12:21,240 That is so cool. Shout out lightning cats dot IO 1359 01:12:21,240 --> 01:12:25,480 'cause you can go and feed. Spend 500 stats in this like my 1360 01:12:25,840 --> 01:12:27,840 my four kids. You know, it's becoming a weekly 1361 01:12:27,840 --> 01:12:29,640 ritual where we just basically sit down. 1362 01:12:29,720 --> 01:12:33,560 Have you seen lightning goats? Yes, yeah, same, same concept. 1363 01:12:33,560 --> 01:12:35,080 We do both of them. We do both of them. 1364 01:12:35,720 --> 01:12:39,840 It's it's it's unbelievable. So yeah, that's what I used lots 1365 01:12:39,840 --> 01:12:42,920 of my ref payments for is for feeding the cats and the goats. 1366 01:12:43,640 --> 01:12:49,040 But straight up like every time your referral uses their 1367 01:12:49,040 --> 01:12:54,840 account, you get 10% of whatever we make on the transaction sent 1368 01:12:54,840 --> 01:12:56,840 straight to your lightning address. 1369 01:12:57,080 --> 01:12:58,720 And that can obviously be custodial. 1370 01:12:58,720 --> 01:13:01,960 You know, you could use your, you could use your noster zaps 1371 01:13:01,960 --> 01:13:05,920 address, but I recommend go to your own note, you know, get a 1372 01:13:05,920 --> 01:13:09,120 payment address, hook it up to your note and then and then 1373 01:13:09,120 --> 01:13:11,480 send, send your referred stats right there. 1374 01:13:11,480 --> 01:13:15,400 It's it's just like it's the number one way in my opinion to 1375 01:13:15,400 --> 01:13:18,520 just have passive. You get the orange pill people, 1376 01:13:18,720 --> 01:13:21,320 you get to refer them to the safest Bitcoin platform on the 1377 01:13:21,320 --> 01:13:24,280 planet and then you get to earn sats to self custody. 1378 01:13:24,560 --> 01:13:29,000 I mean, let's go. Wow, safest Bitcoin platform on 1379 01:13:29,000 --> 01:13:30,680 the planet. I love that that's almost steal 1380 01:13:30,680 --> 01:13:35,640 that one with my, with my ads. Anyways, Adam, I know you have 1381 01:13:35,640 --> 01:13:40,560 to run right now, but and I, I know, I, I know I can't actually 1382 01:13:40,560 --> 01:13:45,040 do this and we can't really talk about it, but you did sneak peek 1383 01:13:45,040 --> 01:13:50,360 some stuff to me Monday that I know our audience is super 1384 01:13:50,360 --> 01:13:52,440 excited about. They've been yelling at us about 1385 01:13:52,440 --> 01:13:55,280 it for months now. So should we just drop it? 1386 01:13:55,280 --> 01:13:57,000 We should reward him and someone's been listening to us 1387 01:13:57,000 --> 01:13:59,600 yap for an hour. I mean, this is your company. 1388 01:13:59,600 --> 01:14:02,480 Do you know, do we have to cut through red tape here or are you 1389 01:14:02,480 --> 01:14:04,480 going to just sneak peek it? I know it's coming. 1390 01:14:04,800 --> 01:14:06,760 You told me it's coming soon, so hey. 1391 01:14:06,960 --> 01:14:08,760 I don't, I don't have the visuals ready yet. 1392 01:14:09,160 --> 01:14:11,200 I can maybe pull them up here. Let's see. 1393 01:14:11,200 --> 01:14:14,680 But we've been hearing a lot. I mean, part of this direct 1394 01:14:14,680 --> 01:14:17,240 deposit was a response to lots of the comments we've been 1395 01:14:17,240 --> 01:14:20,040 getting. People wanna stack and they 1396 01:14:20,040 --> 01:14:23,040 wanna stack frequently. And so let me see if I can get 1397 01:14:23,040 --> 01:14:26,000 it here. Basically, we've been working 1398 01:14:26,080 --> 01:14:29,960 pretty hard over the last, well, it feels like for the last 10 1399 01:14:29,960 --> 01:14:33,240 years, but really the last probably 10 weeks we've been 1400 01:14:33,440 --> 01:14:38,520 putting together the right steps so that you can have and here 1401 01:14:38,520 --> 01:14:40,520 we'll look at this, OK. Well, he's gonna do it. 1402 01:14:40,520 --> 01:14:41,800 He's gonna tease it. He's gonna. 1403 01:14:41,800 --> 01:14:44,720 We're gonna do. It we're gonna do it so that you 1404 01:14:44,720 --> 01:14:50,120 can get recurring buy on the Bitcoin well platform basically 1405 01:14:50,120 --> 01:14:52,640 gonna add. So first of all, we're jazzing 1406 01:14:52,640 --> 01:14:54,120 it up. It's gonna look absolutely 1407 01:14:54,120 --> 01:14:56,240 beautiful adding in a little bit of purple. 1408 01:14:56,240 --> 01:15:00,360 Purple is royalty and you know Bitcoin is royalty here, but 1409 01:15:00,360 --> 01:15:03,240 then adding the ability to set up, you know, you click that one 1410 01:15:03,240 --> 01:15:05,800 time button, you're going to set a weekly, bi weekly or monthly 1411 01:15:05,800 --> 01:15:08,520 buys, you know, straight from your bank, going straight to 1412 01:15:08,520 --> 01:15:11,160 yourself custody and then and then off we go. 1413 01:15:11,160 --> 01:15:13,880 And so I'm showing this to Opti on Monday and Opti's like, yo, 1414 01:15:14,760 --> 01:15:16,880 why no daily? You know, we're if you look at 1415 01:15:16,880 --> 01:15:20,440 this, it's like one time weekly, bi weekly, monthly. 1416 01:15:20,600 --> 01:15:22,920 Why no daily? And that's cuz we're also gonna 1417 01:15:22,920 --> 01:15:26,160 be adding this lightning protocol here so that once we 1418 01:15:26,160 --> 01:15:29,400 get lightning integrated, you're gonna be able to buy daily 1419 01:15:29,400 --> 01:15:30,960 Bitcoin straight from your Bitcoin. 1420 01:15:30,960 --> 01:15:35,240 Well, balance and you're gonna be able to yeah, have that sense 1421 01:15:35,240 --> 01:15:39,040 straight to your Lightning wallet immediately and that's 1422 01:15:39,040 --> 01:15:42,280 the way so recurring buy and Lightning coming soon to 1423 01:15:42,280 --> 01:15:43,760 Bitcoin. Well, you can go to 1424 01:15:43,760 --> 01:15:45,720 bitcoinwell.com. What's your what's your ref code 1425 01:15:45,720 --> 01:15:47,320 slash? Simply BTC or something like 1426 01:15:47,320 --> 01:15:48,840 that? Whatever it. 1427 01:15:48,840 --> 01:15:50,480 Is I think slash Adam is what it was. 1428 01:15:50,480 --> 01:15:51,800 Actually you can go. Use that one. 1429 01:15:51,960 --> 01:15:54,720 It's simply BTC. Simply BTC. 1430 01:15:55,200 --> 01:15:57,360 But definitely, you know, sign up. 1431 01:15:58,320 --> 01:16:03,040 We love seeing you guys push us. And I love personally when we've 1432 01:16:03,040 --> 01:16:07,920 got simply Bitcoin viewers, you know that like DM me and and 1433 01:16:07,920 --> 01:16:11,000 push me harder and say, yo, the apps, you know, doing something 1434 01:16:11,000 --> 01:16:12,600 weird. We got to get this fixed. 1435 01:16:12,840 --> 01:16:15,160 We're building for you guys. We want to enable independence. 1436 01:16:15,160 --> 01:16:18,800 That's our number one goal. And having the support from all 1437 01:16:18,880 --> 01:16:21,240 from all you plebs is is number 1. 1438 01:16:21,240 --> 01:16:25,440 So thank you all very much. And yeah, let's go team Bitcoin. 1439 01:16:25,640 --> 01:16:28,280 Let's go, let's go. Absolutely awesome. 1440 01:16:28,280 --> 01:16:31,080 Well, Adam, I know you have to pop off, so we'll just wrap up 1441 01:16:31,080 --> 01:16:34,080 today's show. Adam, thank you for coming on 1442 01:16:34,080 --> 01:16:35,320 for the audience. Adam. 1443 01:16:35,840 --> 01:16:39,280 Yeah, for the audio listeners, let's plug your Twitter and then 1444 01:16:39,280 --> 01:16:41,480 we'll wrap it up and we'll see you next time, man. 1445 01:16:41,760 --> 01:16:45,200 Yo yeah, Adam O'Brien under score on Twitter or 1446 01:16:45,200 --> 01:16:50,000 primal.net/adam on on Noster. Let's go. 1447 01:16:50,000 --> 01:16:51,840 All right, Adam. Well, thanks for coming on. 1448 01:16:51,840 --> 01:16:55,680 Super excited for everything you guys are doing and about to do. 1449 01:16:55,960 --> 01:16:58,920 And now maybe they'll stop complaining so much in the chat 1450 01:16:58,920 --> 01:17:01,160 over. Here, no more chat complaining. 1451 01:17:01,160 --> 01:17:02,880 Yeah, no, they'll stop yelling at me. 1452 01:17:02,880 --> 01:17:05,120 Keep. Keep complaining, just just give 1453 01:17:05,120 --> 01:17:08,000 us new things to complain about so we can always be improving. 1454 01:17:08,000 --> 01:17:09,640 This is the way. Let's go. 1455 01:17:09,640 --> 01:17:10,800 Let's go. All right, Adam. 1456 01:17:10,800 --> 01:17:12,360 Well, thank you, bro. Peace out. 1457 01:17:12,360 --> 01:17:14,800 We'll see you next time. OK. 1458 01:17:15,960 --> 01:17:18,080 Well, choking on my celeb over here. 1459 01:17:18,480 --> 01:17:23,920 Opti, is this the after show? Yeah, So hey, look, we're gonna 1460 01:17:23,920 --> 01:17:27,640 wrap up right now, but Sophie has been saying that we should 1461 01:17:27,640 --> 01:17:30,280 do like an after show, after the show where we just sit here and 1462 01:17:30,280 --> 01:17:31,480 talk. But you got because. 1463 01:17:31,480 --> 01:17:33,080 That's literally what we do Opti. 1464 01:17:33,160 --> 01:17:38,240 Like we we cut, we do the and then Opti and I just sit here 1465 01:17:38,240 --> 01:17:41,920 and chat for like 30 minutes. Now, yeah, but I think you guys 1466 01:17:41,920 --> 01:17:45,920 would tune out so on that now, Sophie, thank you for coming on 1467 01:17:45,920 --> 01:17:48,720 two days in a row. It looks like the chat loves you 1468 01:17:48,720 --> 01:17:51,520 more than Nikko. So maybe we got a fire, Nikko. 1469 01:17:51,520 --> 01:17:55,800 I don't think so. I don't think so, but I think I 1470 01:17:55,840 --> 01:17:59,600 think they're just awestruck by a woman in Bitcoin. 1471 01:17:59,800 --> 01:18:01,960 Maybe, maybe there's. Many things out there. 1472 01:18:02,360 --> 01:18:05,040 Maybe they get girlfriends this year and they they won't simp so 1473 01:18:05,040 --> 01:18:07,720 hard for Sophie over here but. Maybe the number go up, 1474 01:18:07,720 --> 01:18:10,440 girlfriends go up, Yes, simping go down. 1475 01:18:14,080 --> 01:18:17,240 All right, well, maybe we got to bring you back with Nico on the 1476 01:18:17,240 --> 01:18:18,960 show again. We should. 1477 01:18:19,120 --> 01:18:20,280 We should. We should do that. 1478 01:18:20,280 --> 01:18:24,240 OK, well, so thank you so much for filling in last minute. 1479 01:18:24,360 --> 01:18:26,480 We were actually supposed to have Dante on today, but, you 1480 01:18:26,480 --> 01:18:28,680 know, shit happens, guys. So we got Sophie, the 1481 01:18:28,680 --> 01:18:33,040 illustrious Internet Sophie on today anyway, so thank you so 1482 01:18:33,040 --> 01:18:35,160 much. Hang out while I wrap this up. 1483 01:18:35,680 --> 01:18:37,680 All right, y'all have a good weekend. 1484 01:18:37,680 --> 01:18:39,240 See you Monday. Peace out. 1485 01:18:40,360 --> 01:18:41,720 Let's go. All right guys, you already know 1486 01:18:41,720 --> 01:18:44,040 the deal. We stream live Monday through 1487 01:18:44,040 --> 01:18:49,680 Friday at 12:25. The show goes live at 12:16, but 1488 01:18:49,680 --> 01:18:51,680 we used to go live, but you know, a couple minutes late. 1489 01:18:51,840 --> 01:18:54,320 You guys can yell at me all you want, whatever, whatever. 1490 01:18:54,320 --> 01:18:57,760 Anyways, we love you. Have a good rest of your day. 1491 01:18:58,320 --> 01:19:00,800 We'll see you tomorrow. Last stream of the week with 1492 01:19:00,800 --> 01:19:03,280 just me and Nikka will be back on Monday. 1493 01:19:03,440 --> 01:19:06,640 He is currently in El Salvador at the Plan B forum. 1494 01:19:06,640 --> 01:19:09,080 So we're going to get some good content coming out of the 1495 01:19:09,080 --> 01:19:13,280 conference, but until then, we'll see you tomorrow and have 1496 01:19:13,400 --> 01:19:16,280 a good rest of your day. We love you guys, Peace out. 1497 01:19:16,840 --> 01:19:20,200 Today's episode was brought to you by bitcoinwell.com, a 1498 01:19:20,200 --> 01:19:23,320 Bitcoin only platform on a mission to enable financial 1499 01:19:23,320 --> 01:19:24,160 independence.