1 00:00:02,960 --> 00:00:05,920 It's all. Going to zero against Bitcoin. 2 00:00:06,560 --> 00:00:16,440 It's going up forever. You're against Bitcoin. 3 00:00:16,480 --> 00:00:23,920 You're against freedom yeah, welcome to simply Bitcoin live, 4 00:00:23,920 --> 00:00:26,360 your number one source for the peaceful Bitcoin revolution 5 00:00:26,360 --> 00:00:27,680 cover. You can use culture dramatic 6 00:00:27,680 --> 00:00:29,080 warfare. We will be your guide through 7 00:00:29,080 --> 00:00:31,800 the separation of money and state Ladies and gentlemen, 8 00:00:31,800 --> 00:00:34,240 you're tuned in simply Bitcoin live, the most watched daily 9 00:00:34,240 --> 00:00:38,000 Bitcoin only live show on YouTube Rumble X sit back, 10 00:00:38,000 --> 00:00:40,880 relax, enjoy the ride. We have lots of content to cover 11 00:00:40,880 --> 00:00:42,880 today. We're going to start off first 12 00:00:42,880 --> 00:00:46,680 with, I think I've heard this multiple time from multiple 13 00:00:46,680 --> 00:00:51,520 people and Wicked actually released a poll this morning, 14 00:00:51,520 --> 00:00:54,720 which I found fascinating. Basically asked three separate 15 00:00:54,720 --> 00:00:56,840 questions, five questions in total. 16 00:00:57,200 --> 00:01:01,640 And it kind of gave a like a mainstream what, what, what the 17 00:01:01,640 --> 00:01:06,920 expectations of what, what the expectations in terms of price 18 00:01:07,360 --> 00:01:09,800 are going to be by 20-30. What is it? 19 00:01:09,800 --> 00:01:13,680 What are most people expecting? And also of course we have the 20 00:01:13,680 --> 00:01:17,800 Ark Invest, what Kathy Wood and Co expect as well. 21 00:01:18,120 --> 00:01:22,520 And then we have Michael Saylor about a one minute clip of 22 00:01:22,520 --> 00:01:26,160 Michael Saylor's speech at BTC Prague on the mainstage. 23 00:01:26,720 --> 00:01:30,280 His whole presentation is about he did something called the 21 24 00:01:30,280 --> 00:01:33,240 rules of Bitcoin which we're going to cover today and beauty 25 00:01:33,240 --> 00:01:37,160 on actually wrote a kind of like a rebuttal on that, which I 26 00:01:37,160 --> 00:01:39,160 found really interesting. So we're going to cover all of 27 00:01:39,160 --> 00:01:42,360 that. Also, the EU going continuing to 28 00:01:42,360 --> 00:01:46,320 go down the, you know, the totalitarian route. 29 00:01:46,520 --> 00:01:50,360 And here's a headline from No BS Bitcoin E US encryption report 30 00:01:50,360 --> 00:01:54,840 finds layer Two's private ownership of Bitcoin problematic 31 00:01:54,840 --> 00:01:57,560 for law enforcement. We've been saying this for a 32 00:01:57,560 --> 00:02:01,400 long time, how the current system works, a system where 33 00:02:01,400 --> 00:02:04,760 politicians and the government could just turn off your money, 34 00:02:04,760 --> 00:02:07,000 confiscate it at the flick of a switch. 35 00:02:08,759 --> 00:02:11,440 Bitcoin in self custody is a game changer. 36 00:02:11,440 --> 00:02:14,760 It changes the whole conversation, changes the power 37 00:02:14,760 --> 00:02:19,640 dynamic, but only if individuals really take advantage of the 38 00:02:19,640 --> 00:02:22,360 tools in order to achieve that level of sovereignty. 39 00:02:22,360 --> 00:02:25,320 Now, if we're able to achieve this, and I think that's what a 40 00:02:25,320 --> 00:02:28,720 lot of Bitcoiners are expecting, like a percentage of society is 41 00:02:28,720 --> 00:02:31,400 taking self custody of their wealth out of the hands of 42 00:02:31,400 --> 00:02:32,920 government. And I'm not just talking about 43 00:02:32,920 --> 00:02:34,360 taxes. I'm not talking about like 44 00:02:34,560 --> 00:02:38,440 wealth confiscation. I'm talking about it takes away 45 00:02:38,440 --> 00:02:42,360 the government's ability to like if no one is using the currency, 46 00:02:42,800 --> 00:02:45,720 they can debase all they want, but it's just, it's not going to 47 00:02:45,800 --> 00:02:48,840 do anything right? Like if they don't have people 48 00:02:48,840 --> 00:02:52,520 using the currency, then they like it doesn't make sense 49 00:02:52,520 --> 00:02:54,720 debasing it. It doesn't do anything right. 50 00:02:55,320 --> 00:02:58,720 And what you're going to see in the next 5 to 10 years is you're 51 00:02:58,720 --> 00:03:00,280 going to see the state fight back. 52 00:03:00,280 --> 00:03:02,840 We've been making that the case for that for a long time now. 53 00:03:02,840 --> 00:03:06,000 And simply now in the United States, things took a turn, 54 00:03:06,160 --> 00:03:07,800 right? We had, you know, the Biden 55 00:03:07,800 --> 00:03:09,840 administration, we've been talking about it all throughout 56 00:03:09,840 --> 00:03:11,840 the week. They've taken a very hostile 57 00:03:11,840 --> 00:03:15,800 stance towards the industry. And then it was only recently 58 00:03:15,800 --> 00:03:18,400 that there was a whole change in tune when it entered the 59 00:03:18,400 --> 00:03:20,920 political discussion. And it is an election year, 60 00:03:21,200 --> 00:03:23,280 right? So you have now candidates 61 00:03:23,280 --> 00:03:25,360 basically saying I'll protect the right to self custody. 62 00:03:25,720 --> 00:03:32,480 So, but the point remains is that if you are in favor of big 63 00:03:32,480 --> 00:03:36,600 government, big states, huge control apparatus, self custody 64 00:03:36,600 --> 00:03:38,440 is not your friend. You don't like that. 65 00:03:38,840 --> 00:03:43,200 If you're a fan of smaller government, less control, more 66 00:03:43,200 --> 00:03:45,680 decentralization, self custody is for you. 67 00:03:45,720 --> 00:03:47,880 I would like to make the case, and maybe this is the 68 00:03:47,880 --> 00:03:51,840 libertarian capitalist in me, that I think society as a whole 69 00:03:51,840 --> 00:03:54,080 would be better with smaller government. 70 00:03:54,080 --> 00:03:57,240 It would be more efficient. The markets would be more free. 71 00:03:57,240 --> 00:04:00,360 They would be more open people would have more freedom. 72 00:04:00,680 --> 00:04:02,520 And I think that would be better for everyone. 73 00:04:02,520 --> 00:04:05,280 I think. I mean, history has shown that 74 00:04:05,280 --> 00:04:09,240 the best way to organize the society is a just a free market, 75 00:04:09,240 --> 00:04:12,000 just the, the freer the market, the better in my opinion. 76 00:04:12,400 --> 00:04:14,880 That's where you lead. That's where you reach levels of 77 00:04:14,880 --> 00:04:19,160 prosperity in, in human history. The more totalitarian top down 78 00:04:19,160 --> 00:04:23,480 control society has, the less the society becomes poor, right? 79 00:04:23,480 --> 00:04:26,520 They they need to coerce more, they need to control more just 80 00:04:26,520 --> 00:04:29,760 to get people to go along with the, you know, with the scam, 81 00:04:29,760 --> 00:04:33,120 essentially. So Bitcoin is an enemy of any 82 00:04:33,120 --> 00:04:37,720 central totalitarian ideology. And anyone who's against Bitcoin 83 00:04:37,720 --> 00:04:39,200 is fundamentally against freedom. 84 00:04:39,200 --> 00:04:41,760 And one of the best things about Bitcoin is that it exposes 85 00:04:41,760 --> 00:04:43,800 incentives, right? So we're going to talk about 86 00:04:43,800 --> 00:04:45,600 that today because I feel like it's very important. 87 00:04:45,720 --> 00:04:48,040 I think the fight is just getting started in my opinion. 88 00:04:48,160 --> 00:04:50,800 But anyways, no more delay. I do want my legendary Co host 89 00:04:50,960 --> 00:04:54,040 who's always optimistic optimist fields in the house with. 90 00:04:54,200 --> 00:04:57,400 How you doing bro? I am doing great. 91 00:04:57,640 --> 00:04:59,840 I was struggling on yesterday's show. 92 00:04:59,840 --> 00:05:02,760 My elbow was hurting. I felt like I was getting sick 93 00:05:02,760 --> 00:05:06,480 after the show. I ate a huge rib eye, got some 94 00:05:06,480 --> 00:05:08,280 sleep. I'm feeling good today on 95 00:05:08,280 --> 00:05:11,160 Friday. So Opti is back, you know, 96 00:05:11,160 --> 00:05:13,120 hopefully I don't get sick this weekend. 97 00:05:13,120 --> 00:05:15,920 But your boys back. Well, yesterday was a struggle, 98 00:05:15,920 --> 00:05:18,000 yesterday was a struggle and everyone was trolling me in the 99 00:05:18,000 --> 00:05:20,640 chat. So you know I'm back Nico, we 100 00:05:20,640 --> 00:05:24,200 got no time to get sick over here at simply Bitcoin, but you 101 00:05:24,200 --> 00:05:26,640 know, I, I got some raw honey in me. 102 00:05:26,640 --> 00:05:28,520 You know, I ate a rib eye, took a nap. 103 00:05:28,520 --> 00:05:31,760 I I feel wonderful today. I'm still, I still for some 104 00:05:31,760 --> 00:05:34,760 reason can't get to bed early. I don't know what's going on 105 00:05:34,760 --> 00:05:38,640 here so rolling around in bed for like 3 hours, it's not the 106 00:05:38,640 --> 00:05:42,440 funnest time in in the world of Opti, but that doesn't matter. 107 00:05:42,440 --> 00:05:45,720 You guys aren't here for my life updates but man, I feel great. 108 00:05:45,720 --> 00:05:47,640 It's Friday. You all know what that. 109 00:05:47,640 --> 00:05:49,280 Means let's get the energy going. 110 00:05:49,520 --> 00:05:52,440 Bro, let's get. The Let's get the blood pumping, 111 00:05:52,440 --> 00:05:53,360 man. Yeah, we'll see. 112 00:05:53,680 --> 00:05:55,920 We made it another week. We'll see. 113 00:05:56,240 --> 00:05:58,280 We made we wait. We did make another week. 114 00:05:59,920 --> 00:06:02,880 Oh my goodness. Yeah, Yeah, man, we've. 115 00:06:03,480 --> 00:06:05,840 Sheesh. The struggle is real, but hey, 116 00:06:05,960 --> 00:06:08,920 this is our life. We we're, we're blessed to show 117 00:06:08,920 --> 00:06:10,400 up every day. We're blessed that this is our 118 00:06:10,400 --> 00:06:11,680 job. Life is good, man. 119 00:06:11,680 --> 00:06:13,680 We live in paradise and we live on the Bitcoin standard. 120 00:06:13,680 --> 00:06:15,960 We can't complain even when you are feeling sick. 121 00:06:15,960 --> 00:06:18,520 Anyways, let's bring in our guests because this is our. 122 00:06:18,520 --> 00:06:21,560 Guest today we got perfect. Go ahead from Mino. 123 00:06:21,560 --> 00:06:23,400 Yeah, we got Taylor from Mino and I just want to team up 124 00:06:23,400 --> 00:06:26,320 because this is exactly what you said in the intro, Nico. 125 00:06:26,560 --> 00:06:30,320 If you use the tools, you can achieve sovereignty for 126 00:06:30,320 --> 00:06:33,280 yourself. And Taylor wanted to come on and 127 00:06:33,280 --> 00:06:35,080 we're going to talk about why you should run a node. 128 00:06:35,080 --> 00:06:37,640 Guys, I'm I'm sick and tired of seeing you guys in the chat. 129 00:06:37,680 --> 00:06:40,760 You hang out with us every day and you don't run a node yet. 130 00:06:40,760 --> 00:06:43,800 So we're going to go into why you should run a node, the 131 00:06:43,800 --> 00:06:47,400 levels of becoming a bitcoiner to a toxic Bitcoin maxi. 132 00:06:47,600 --> 00:06:49,240 And then of course, we're going to talk about my node. 133 00:06:49,240 --> 00:06:50,440 So Taylor, how you doing this morning? 134 00:06:50,720 --> 00:06:52,560 Great, Yeah, thanks for having me on. 135 00:06:52,560 --> 00:06:55,080 I'm so excited to be on. And I just wanted to say I love 136 00:06:55,080 --> 00:06:57,600 that introduction. That was that was such a good 137 00:06:57,680 --> 00:07:00,960 introduction just about, you know, kind of what's going on in 138 00:07:00,960 --> 00:07:04,400 the political landscape and trying to shut down money and or 139 00:07:04,520 --> 00:07:06,760 I guess free your money and and take control of it. 140 00:07:06,760 --> 00:07:10,360 And so a quick back story. I I remember that was actually 141 00:07:10,560 --> 00:07:12,560 probably what got me into Bitcoin back in the day. 142 00:07:12,560 --> 00:07:15,040 I was reading the Bitcoin talk forums and I was like, this is 143 00:07:15,040 --> 00:07:17,280 kind of interesting. And then somebody made the point 144 00:07:17,280 --> 00:07:20,400 about, you know, there isn't sort of like a Federal Reserve 145 00:07:20,400 --> 00:07:21,760 that can decide to just print more money. 146 00:07:21,760 --> 00:07:23,840 And I was like, that's awesome. We didn't even have bad 147 00:07:23,840 --> 00:07:27,400 inflation at the time. But that point was just so like, 148 00:07:27,440 --> 00:07:29,920 I guess powerful in thinking that there's an algorithm that 149 00:07:30,000 --> 00:07:32,280 controls the, the monetary supply. 150 00:07:32,280 --> 00:07:34,760 And it's not people just deciding one day I want there to 151 00:07:34,760 --> 00:07:36,240 be more money. I think we need more money. 152 00:07:36,240 --> 00:07:39,000 I'm going to go start, you know, handing it out to whatever 153 00:07:39,000 --> 00:07:41,760 'cause I think is good. And so that was, that was 154 00:07:41,760 --> 00:07:43,680 absolutely one of the things that got me into Bitcoin. 155 00:07:43,680 --> 00:07:45,680 So I, I really like that introduction. 156 00:07:46,200 --> 00:07:50,440 And then that ties into, you know, you need this free money 157 00:07:50,440 --> 00:07:53,120 alternative that that you can start using and so that that is 158 00:07:53,120 --> 00:07:55,360 Bitcoin, but there's different ways to use Bitcoin. 159 00:07:55,360 --> 00:07:57,480 I think a lot of people kind of start looking into it and then 160 00:07:57,480 --> 00:07:59,680 they go think, Oh, number go up, like, let me go buy some 161 00:07:59,680 --> 00:08:00,920 Bitcoin. They go buy it. 162 00:08:00,920 --> 00:08:03,800 They put it on Coinbase or buy it on Coinbase or, you know, 163 00:08:04,120 --> 00:08:07,360 some exchange and they just watch it. 164 00:08:07,360 --> 00:08:09,120 They just let it sit there and they're like, cool, and you 165 00:08:09,120 --> 00:08:11,160 know, it's going up, but that's still confiscatable. 166 00:08:11,160 --> 00:08:13,480 That's still, you know, there's there's third party risk 167 00:08:13,760 --> 00:08:16,040 Coinbase could go under or whatever exchange, you know, 168 00:08:16,040 --> 00:08:19,640 could could go under, you could lose it, it could get hacked and 169 00:08:19,640 --> 00:08:21,280 the exchanges are of course big targets. 170 00:08:21,280 --> 00:08:25,000 And so, you know, then the next level down, I think that a lot 171 00:08:25,000 --> 00:08:27,280 of people get stuck at a lot of people don't go down here, but 172 00:08:27,280 --> 00:08:29,160 that's taking self custody of your Bitcoin. 173 00:08:29,800 --> 00:08:32,039 And I'm sure all the, the people in chat here, you know, 174 00:08:32,039 --> 00:08:34,760 understand a lot of this, but hopefully they have, you know, 175 00:08:34,760 --> 00:08:37,480 if anybody hasn't taken, taken their, their Bitcoin off the 176 00:08:37,480 --> 00:08:40,559 exchanges, please go do that. I don't, I'm not going to ask 177 00:08:40,559 --> 00:08:43,240 you to call yourselves out, but if you haven't, please some of 178 00:08:43,240 --> 00:08:47,200 these suggestions, but but get it off the exchange, you know, 179 00:08:47,600 --> 00:08:49,840 take, take custody of it. And then preferably, you know, 180 00:08:49,920 --> 00:08:52,480 don't, don't keep it on a Internet connected computer, put 181 00:08:52,480 --> 00:08:55,000 it in cold storage. And then that way your, your 182 00:08:55,000 --> 00:08:56,640 Bitcoin is about as safe as it can be. 183 00:08:56,640 --> 00:08:58,400 But at that point, you still have other concerns. 184 00:08:58,800 --> 00:09:02,040 There's privacy concerns, there's, you know, who knows 185 00:09:02,040 --> 00:09:04,120 about your Bitcoin, who has access to your, your public 186 00:09:04,120 --> 00:09:06,800 keys. And so even if they can't 187 00:09:06,800 --> 00:09:09,840 control it as spending, as in spending it, they can, they can 188 00:09:09,840 --> 00:09:12,280 still look at it, they can still like track where it's going. 189 00:09:12,280 --> 00:09:14,120 They know how much you have. And you know, people don't want 190 00:09:14,120 --> 00:09:14,840 that. Do you? 191 00:09:14,840 --> 00:09:17,280 Do you want like every investment account, every 192 00:09:17,280 --> 00:09:19,640 checking account, every savings account, you have to be public 193 00:09:19,640 --> 00:09:21,240 information? I, I don't think there's a 194 00:09:21,240 --> 00:09:23,640 person out there that would say, yeah, like I want, I want that. 195 00:09:23,640 --> 00:09:26,040 I want people to be able to track all my spending and 196 00:09:26,040 --> 00:09:27,040 everything. Nobody wants that. 197 00:09:27,040 --> 00:09:30,520 That's that would be insane. So, and, and I think that's when 198 00:09:30,520 --> 00:09:32,920 you get into running a node and why that's important because 199 00:09:32,920 --> 00:09:37,440 then your transactions go from your, you know, cold storage 200 00:09:37,440 --> 00:09:39,360 device from whatever wallets you control. 201 00:09:39,600 --> 00:09:42,080 Those transactions are going to your node directly to the 202 00:09:42,080 --> 00:09:43,720 Bitcoin network. They're not going through a 203 00:09:43,720 --> 00:09:46,360 third party, they're not going through some live service 204 00:09:46,360 --> 00:09:50,240 that's, you know, seeing all of your X pubs and seeing every 205 00:09:50,240 --> 00:09:53,280 time you spend your, your Bitcoin, they, they don't have 206 00:09:53,280 --> 00:09:55,200 the ability to reject it. I'm not sure if that's happened 207 00:09:55,200 --> 00:09:57,760 in the past, but you know, with the third party service that 208 00:09:57,760 --> 00:10:01,680 you're relying on, which I think a lot of the, you know, hardware 209 00:10:01,680 --> 00:10:03,960 wallet providers, that's their default set up. 210 00:10:03,960 --> 00:10:07,760 It's to go through some service that they're offering. 211 00:10:07,760 --> 00:10:10,120 So they can kind of see, Hey, we've got this many users, we've 212 00:10:10,120 --> 00:10:12,600 got people kind of controlling these funds and they don't, I 213 00:10:12,600 --> 00:10:14,520 don't know if they go into a lot of detail about what they track, 214 00:10:14,520 --> 00:10:19,840 but they have the ability to. And so I, I think what, what you 215 00:10:19,840 --> 00:10:23,280 would want to do ideally is run your own node, divert those 216 00:10:23,280 --> 00:10:26,760 transactions from going to the third party, send it directly to 217 00:10:26,760 --> 00:10:27,760 your node. And then it's, it's on the 218 00:10:27,760 --> 00:10:29,760 Bitcoin network. And that can be done via Tor. 219 00:10:29,760 --> 00:10:32,200 So even your ISP or whatever else can't be trying to take a 220 00:10:32,200 --> 00:10:34,480 look at, at your, your transactions. 221 00:10:34,480 --> 00:10:37,360 And you know you trust me bro, don't. 222 00:10:37,360 --> 00:10:38,920 Verify it. Yeah, just laugh. 223 00:10:39,520 --> 00:10:42,720 At it. I think that's that's kind of 224 00:10:42,720 --> 00:10:45,760 what like a a lot of people don't realize they're doing 225 00:10:45,760 --> 00:10:46,760 that, but that's what they're doing. 226 00:10:46,920 --> 00:10:48,920 They're just saying like, let me go rely on this third party 227 00:10:48,920 --> 00:10:52,560 service, like let me go rely on this other company to go, you 228 00:10:52,560 --> 00:10:55,800 know, help me transact my Bitcoin, which you know, that 229 00:10:55,800 --> 00:10:57,600 that's, that's not ideal. That's not what Bitcoin was 230 00:10:57,600 --> 00:10:58,720 meant to be. Yeah. 231 00:10:58,800 --> 00:11:01,480 And I think that's something that that a lot of people don't 232 00:11:01,480 --> 00:11:05,760 understand, which is like, you can be interacting with Bitcoin, 233 00:11:05,760 --> 00:11:09,480 but if you're not running your own node, you're trusting 234 00:11:09,480 --> 00:11:11,440 someone else's fundamentally, right. 235 00:11:11,440 --> 00:11:15,200 So I think it's like, you know, essentially I think step one is 236 00:11:15,200 --> 00:11:19,120 self custody. Step 2 is running a node so that 237 00:11:19,120 --> 00:11:22,280 you're using your own copy of the blockchain because if not, 238 00:11:22,280 --> 00:11:24,680 you're trusting someone else, you're doxing your privacy, 239 00:11:24,680 --> 00:11:28,960 potentially your location with the IP address, you know, like 240 00:11:29,440 --> 00:11:32,440 you're definitely doxing your stack for sure, right? 241 00:11:33,400 --> 00:11:35,440 You know, and that's not ideal, right? 242 00:11:35,440 --> 00:11:39,120 So you should definitely be, you know, self hosting and you 243 00:11:39,120 --> 00:11:42,000 should be definitely running your own thing because if not, 244 00:11:42,000 --> 00:11:43,200 you have to trust someone else's. 245 00:11:43,200 --> 00:11:45,720 And, and like, I think we're going to move into a future 246 00:11:45,720 --> 00:11:48,640 where and you're already kind of seeing, seeing the inklings of 247 00:11:48,640 --> 00:11:52,480 this, like just running it, just running a note itself is like, 248 00:11:53,360 --> 00:11:55,840 like it is a form of protest, right? 249 00:11:55,840 --> 00:11:58,760 Like you are, you know, you are, it's like not only you are your 250 00:11:58,760 --> 00:12:00,600 own bank, you are the CEO of that bank. 251 00:12:00,600 --> 00:12:03,080 Like you make the rules. You know, if you run it through 252 00:12:03,080 --> 00:12:05,600 Tor, you broadcast everywhere worldwide. 253 00:12:05,600 --> 00:12:07,520 No one knows where you at. No one knows where you are. 254 00:12:07,520 --> 00:12:08,880 Like, it's incredibly empowering. 255 00:12:08,880 --> 00:12:11,120 I can't recommend it enough anyways guys. 256 00:12:11,120 --> 00:12:14,800 Before one last thing I want to say, Taylor won't shame you into 257 00:12:14,800 --> 00:12:18,320 taking self custody, but Opti well do not leave your Bitcoin 258 00:12:18,320 --> 00:12:21,240 on in exchange. Yeah, All right, everybody, I do 259 00:12:21,240 --> 00:12:24,360 want to give a very special shout out to Simply Bitcoins 260 00:12:24,360 --> 00:12:26,040 lead spotter. Of course, I'm talking about 261 00:12:26,040 --> 00:12:27,840 Bitcoin. Well, Bitcoin well is the best 262 00:12:27,880 --> 00:12:32,000 place to build your automatic self custody Bitcoin stack. 263 00:12:32,000 --> 00:12:34,240 It is self custody by default. What does that mean? 264 00:12:34,280 --> 00:12:37,280 That means that you can't buy Bitcoin on Bitcoin. 265 00:12:37,280 --> 00:12:40,000 Well, unless you intend to take self custody. 266 00:12:40,000 --> 00:12:42,240 Unless you intend to take self custody, right? 267 00:12:42,440 --> 00:12:45,760 Which perfectly aligns with the simply Bitcoin ethos because 268 00:12:45,760 --> 00:12:47,120 it's the separation of money and state. 269 00:12:47,120 --> 00:12:49,240 Separation of money and state requires self custody. 270 00:12:49,240 --> 00:12:52,200 Self custody is the revolution to support self custody. 271 00:12:52,200 --> 00:12:54,880 By default, Bitcoin on ramps the only one being in the United 272 00:12:54,880 --> 00:12:58,160 States. bitcoinwell.com buy real Bitcoin enable your independence 273 00:12:58,160 --> 00:13:01,400 with the fastest and safest way to buy Bitcoin and Canada and 274 00:13:01,400 --> 00:13:03,200 the US. 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So I'm going to contribute some 290 00:13:50,040 --> 00:13:54,400 of those points to the Bitcoin Wishing Well, and you can access 291 00:13:54,400 --> 00:13:56,200 this via your Bitcoin wall dashboard. 292 00:13:56,400 --> 00:13:59,480 Anyways, it says you're being transported back to 1999 when 293 00:13:59,480 --> 00:14:01,960 the world is exciting, excitingly preparing for the 294 00:14:01,960 --> 00:14:04,600 Millennium fight Falcon, toss your coin into the Bitcoin 295 00:14:04,600 --> 00:14:06,640 wishing well and wish for a better future. 296 00:14:06,640 --> 00:14:09,400 If you're lucky, you'll win up to 1,000,000 Satoshi's. 297 00:14:09,400 --> 00:14:13,000 Let's do that right now and get your Lightning wallets up 298 00:14:13,000 --> 00:14:18,600 because I won't claim this. So first one, first serve and 299 00:14:18,760 --> 00:14:21,800 2100 sats. So I'm gonna leave that on 300 00:14:21,800 --> 00:14:24,840 screen first one to claim it is the first one that gets the 301 00:14:24,840 --> 00:14:29,880 Satoshi's guys support Bitcoin on support self custody Bitcoin 302 00:14:29,880 --> 00:14:32,600 on ramps. Check out bitcoinwell.com today. 303 00:14:32,800 --> 00:14:37,360 Use promo code simply BTC and get three wishing well games. 304 00:14:37,360 --> 00:14:39,240 All right, everybody, let's hit the numbers. 305 00:14:39,240 --> 00:14:43,240 Lots to talk about. The Bitcoin numbers. 306 00:14:43,720 --> 00:14:46,520 Is your Bitcoin and cold storage really secure? 307 00:14:46,640 --> 00:14:49,160 Is your seed phrase really secure? 308 00:14:49,280 --> 00:14:52,840 Stamp seeds Do It Yourself Kit has everything you need to 309 00:14:52,840 --> 00:14:57,200 hammer your seed words into commercial grade titanium plates 310 00:14:57,400 --> 00:14:59,400 instead of just writing them on paper. 311 00:14:59,720 --> 00:15:02,880 Don't store your generational wealth on paper. 312 00:15:03,280 --> 00:15:05,840 Papers prone to water damage, fire damage. 313 00:15:06,040 --> 00:15:08,240 You want to put your generational wealth on one of 314 00:15:08,240 --> 00:15:10,280 the strongest metals on planet earth. 315 00:15:10,480 --> 00:15:12,840 Titanium. 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Stamp your seed on stamp seed. 325 00:15:40,640 --> 00:15:43,440 All right everybody, I made it incredibly easy for you guys. 326 00:15:43,440 --> 00:15:46,840 Scan the QR code on your screen and you can use promo code 327 00:15:46,920 --> 00:15:50,640 simply to get 15% off. At the time of recording, the 328 00:15:50,640 --> 00:15:56,480 Bitcoin price is $65,290.00. Stats per dollar is 1000. 329 00:15:56,720 --> 00:15:58,160 What? All. 330 00:15:59,000 --> 00:16:00,760 Right, Opti is taking over the show. 331 00:16:00,760 --> 00:16:03,840 I'm going to make him full screen and we're renaming to 332 00:16:03,840 --> 00:16:07,880 simply Fiat At the time recording the Bitcoin price SATS 333 00:16:07,880 --> 00:16:14,960 per dollar is 1532 block height 847,920 blocks to having 200 and 334 00:16:14,960 --> 00:16:19,880 2080 having estimate March 25th, 2028 total lighting network 335 00:16:19,880 --> 00:16:26,040 capacity 4812 BTC capacity value 314 million U.S. dollars 336 00:16:26,240 --> 00:16:31,280 realized monetary inflation 1 .59% market capitalization 1.29 337 00:16:31,280 --> 00:16:36,840 trillion Bitcoin verse gold market cap 8.09% in the grand 338 00:16:36,840 --> 00:16:40,160 scheme of things, we are just getting started. 339 00:16:40,480 --> 00:16:43,240 All right, ladies and gentlemen, I do want to play you this clip. 340 00:16:43,840 --> 00:16:47,200 It's pretty cool short form content that our friends over at 341 00:16:47,200 --> 00:16:50,800 BTC Prague made and of course they're highlighting the Chad 342 00:16:50,800 --> 00:16:52,840 Sailor. Seems like he had a keynote at 343 00:16:52,840 --> 00:16:54,760 the conference. He absolutely crushed it. 344 00:16:54,760 --> 00:17:01,760 Let's check it out. Everybody gets Bitcoin at the 345 00:17:01,760 --> 00:17:07,920 price they deserve. In December of 2013 I looked at 346 00:17:07,920 --> 00:17:11,440 it and I tweeted, you know bitcoins days are numbered. 347 00:17:11,440 --> 00:17:13,800 It'll probably go the way of online gambling. 348 00:17:15,560 --> 00:17:20,079 Big mistake. Bitcoin was $892.00. 349 00:17:21,920 --> 00:17:27,319 OK, I got the price I deserved and when it gets to $950,000, 350 00:17:27,319 --> 00:17:31,040 there'll be some whiny person, a talking head on television 351 00:17:31,600 --> 00:17:35,160 saying it looks over overbought. Right now it looks a little bit 352 00:17:35,160 --> 00:17:36,840 heated. I, you know, we think it's going 353 00:17:36,840 --> 00:17:41,320 to trade down to 700,000 and they'll miss it. 354 00:17:41,320 --> 00:17:47,080 It'll go to 8 million and they'll buy it at 8 million and 355 00:17:47,080 --> 00:17:49,080 they will get Bitcoin at the price they deserve. 356 00:17:51,040 --> 00:17:55,840 I mean bro $8 million Bitcoin that's how much how much X is 357 00:17:55,840 --> 00:17:58,400 that? Like how like 100 more than 100 358 00:17:58,400 --> 00:18:00,320 XI think? More than 100 X from here, yeah. 359 00:18:00,480 --> 00:18:02,760 Dude that, that's absolutely insane. 360 00:18:02,960 --> 00:18:04,920 I could feel Opti smiling from here. 361 00:18:05,320 --> 00:18:07,640 Anyways. My kind of bowl sauce. 362 00:18:07,640 --> 00:18:09,200 Mika, this is my kind of bowl sauce. 363 00:18:09,200 --> 00:18:12,600 Yeah, I mean, OK, so now let's pull it down, back down to 364 00:18:12,600 --> 00:18:14,720 Earth, right? By the way, I don't, I don't 365 00:18:14,720 --> 00:18:17,080 disagree with anything that Sailor just said. 366 00:18:17,520 --> 00:18:19,160 I fundamentally agree with all of it. 367 00:18:19,680 --> 00:18:21,760 I think eventually it's inevitable that Bitcoin hits 368 00:18:21,760 --> 00:18:24,240 eight million. I think most people just 'cause 369 00:18:24,440 --> 00:18:27,280 you know, it's it's Infinity divided by 21 million, they're 370 00:18:27,440 --> 00:18:30,320 going to they're going to just print a ridiculous amount of 371 00:18:30,320 --> 00:18:32,840 money until Infinity. That's just the way that it 372 00:18:32,840 --> 00:18:35,560 works. So I mean like it might just 373 00:18:35,560 --> 00:18:36,880 like it will reach 8,000,001 day. 374 00:18:36,880 --> 00:18:39,720 The question is what is the purchasing power of that set 8 375 00:18:39,720 --> 00:18:41,200 million? I think that's the bigger 376 00:18:41,200 --> 00:18:46,280 question anyways. So going back to this, what's 377 00:18:46,280 --> 00:18:47,880 Bitcoin's price going to be at 20-30? 378 00:18:47,960 --> 00:18:51,760 There's a lot of people that are keep saying this date, I keep 379 00:18:51,760 --> 00:18:55,800 saying that, but seeing this pattern of this date, twenty $31 380 00:18:55,800 --> 00:18:58,480 million Bitcoin and I want to talk about it. 381 00:18:58,560 --> 00:19:02,480 So of course we have Arc Invest and what came out this morning 382 00:19:02,480 --> 00:19:08,400 was this financial firm called Bernstein came out with just 383 00:19:08,400 --> 00:19:11,200 this expectation. A broker assigned the software 384 00:19:11,200 --> 00:19:14,640 company anyways. So there's that. 385 00:19:14,640 --> 00:19:16,920 And then there's this poll by Wicked that I want to get to. 386 00:19:16,920 --> 00:19:19,080 So first we're going to start off with this Coindesk article. 387 00:19:19,080 --> 00:19:22,600 It says the price of Bitcoin is likely to hit 1,000,000 by 2033 388 00:19:22,840 --> 00:19:26,040 and reached a cycle high of 200,000 by 2025. 389 00:19:26,360 --> 00:19:29,320 Bernstein said it initiated coverage of software developer 390 00:19:29,320 --> 00:19:31,600 MicroStrategy, the biggest corporate owner of the largest 391 00:19:31,600 --> 00:19:34,320 cryptocurrency with an outperforming rating. 392 00:19:34,440 --> 00:19:38,040 MicroStrategy now owns 1.1% of the global supply of the world's 393 00:19:38,040 --> 00:19:42,120 largest cryptocurrency worth 14.5 billion, having transformed 394 00:19:42,120 --> 00:19:45,160 itself from a small, small software company in the space of 395 00:19:45,160 --> 00:19:48,160 four years, the broker said in a research report on Thursday. 396 00:19:48,160 --> 00:19:52,040 Bernstein initiated coverage of the Tyson Corner, Virginia based 397 00:19:52,040 --> 00:19:55,240 company with a $2890.00 price target. 398 00:19:55,520 --> 00:19:59,200 The shares close at around 1484 on Thursday. 399 00:19:59,440 --> 00:20:03,520 The NASDAQ listed firm currently holds 214,000 Bitcoin. 400 00:20:03,720 --> 00:20:06,200 It began buying the cryptocurrency in 2020. 401 00:20:06,560 --> 00:20:09,280 The company's founder and chairman Michael Saylor has 402 00:20:09,280 --> 00:20:11,800 become synonymous with brand Bitcoin and has positioned 403 00:20:11,800 --> 00:20:15,200 MicroStrategy as a leading Bitcoin company attracting 404 00:20:15,480 --> 00:20:18,360 attracting at a scale capital for an attractive Bitcoin 405 00:20:18,360 --> 00:20:21,000 acquisition strategy. MicroStrategy positions itself 406 00:20:21,200 --> 00:20:24,640 as an act active leverage Bitcoin strategy versus passive 407 00:20:24,640 --> 00:20:29,480 spot ETFs, and it goes on to say the brokers BTC price forecast 408 00:20:29,480 --> 00:20:33,040 is driven by the unprecedented demand from spot exchange traded 409 00:20:33,040 --> 00:20:36,160 funds and because supply of the cryptocurrency is constrained, 410 00:20:36,440 --> 00:20:40,640 Bernstein now estimates that Bitcoin could reach 500,000 by 411 00:20:40,640 --> 00:20:43,840 2029. The 2025 estimate was raised 412 00:20:43,840 --> 00:20:48,400 from 150,000. I find that really interesting. 413 00:20:48,680 --> 00:20:50,320 Now let's check out the Arkan vest. 414 00:20:50,320 --> 00:20:53,200 It's personally one of my favorite just because of the way 415 00:20:53,200 --> 00:20:57,600 that it's broken down and she kind of lays out or they better 416 00:20:57,600 --> 00:21:01,080 said they lay out a bunch of things that Bitcoin basically 417 00:21:01,080 --> 00:21:03,760 making an assumption that Bitcoin is going to penetrate a 418 00:21:03,760 --> 00:21:06,440 percentage of these markets. So of course you have the 419 00:21:06,440 --> 00:21:09,160 corporate treasuries, you have the remittance asset, you have 420 00:21:09,160 --> 00:21:11,840 nation state treasury, you have emerging market currency, you 421 00:21:11,840 --> 00:21:14,560 have economic settle network, you have seizure resistant 422 00:21:14,560 --> 00:21:17,320 asset, you have institutional investment, you have digital 423 00:21:17,320 --> 00:21:19,360 gold. So all those things Bitcoin 424 00:21:19,360 --> 00:21:22,920 could potentially penetrate and even with like relatively small 425 00:21:22,920 --> 00:21:26,400 percentages, that just makes up the base case. 426 00:21:26,400 --> 00:21:28,120 Like the bottom one is digital gold. 427 00:21:28,760 --> 00:21:31,880 Are you saying by 20-30 Bitcoin isn't going to make up the 428 00:21:31,880 --> 00:21:33,960 entire market cap of gold? I think it will. 429 00:21:33,960 --> 00:21:36,160 I think it's going to replace gold a lot faster than that. 430 00:21:36,160 --> 00:21:37,440 Right. And then she has the 431 00:21:37,440 --> 00:21:40,840 expectations based on the bear case, the base case and the bull 432 00:21:40,840 --> 00:21:43,800 case. So the bear base bear case to 433 00:21:43,840 --> 00:21:50,640 Arkan Vest is $258,000 Bitcoin. The base case is $682,000 434 00:21:50,640 --> 00:21:54,320 Bitcoin. The bull case is $1.48 million 435 00:21:54,320 --> 00:21:56,920 Bitcoin. Now this is the one that I find 436 00:21:56,920 --> 00:21:59,680 the most fascinating because it kind of reminds me of that show 437 00:21:59,680 --> 00:22:01,240 like who wants to be like a millionaire? 438 00:22:01,240 --> 00:22:03,920 No pun intended, by the way. And one of the things is like 439 00:22:03,920 --> 00:22:07,560 ask the audience. This is exactly what Wicked did. 440 00:22:07,560 --> 00:22:10,520 He asked the Bitcoin Twitter audience, the Bitcoin 441 00:22:10,520 --> 00:22:14,520 Twitterverse, what they thought. And there's five questions. 442 00:22:14,520 --> 00:22:18,000 And it kind of like leads you at like a like a like an 443 00:22:18,000 --> 00:22:19,200 assumption. So I'm going to make this 444 00:22:19,200 --> 00:22:22,800 interactive opti. Will Bitcoin have an all time 445 00:22:22,800 --> 00:22:25,640 high above 100K by 20-30? Yes. 446 00:22:26,000 --> 00:22:30,320 Yes, OK, 95.2% of people on Bitcoin Twitter agree with you 447 00:22:30,600 --> 00:22:32,440 Taylor. Will Bitcoin have an all time 448 00:22:32,440 --> 00:22:36,720 high above 250K by 20-30? Oh yeah, yeah, absolutely. 449 00:22:37,280 --> 00:22:41,160 So 95.3%, which is interesting because more people. 450 00:22:42,240 --> 00:22:44,280 Voted on Nico. There's less votes too, so. 451 00:22:44,280 --> 00:22:45,080 That's true. That's true. 452 00:22:45,080 --> 00:22:47,360 There's less of a poll. OK, back to you, Opti. 453 00:22:47,360 --> 00:22:50,440 Will Bitcoin have an all time high above 500 K by 20-30? 454 00:22:50,520 --> 00:22:53,680 Yes. OK, 81% agree. 455 00:22:54,360 --> 00:22:59,920 Taylor, Will Bitcoin have an all time high above 750K by 20-30? 456 00:23:01,000 --> 00:23:04,120 Oh, this one starts getting hard Just talking about peaking, I 457 00:23:04,120 --> 00:23:06,800 think there's a chance, but on average I would say probably 458 00:23:06,800 --> 00:23:09,280 not. So an all time high so. 459 00:23:09,560 --> 00:23:12,920 Peaking, peaking, right? So I, I don't know, I still I, I 460 00:23:12,920 --> 00:23:16,200 think it's possible, but I, I don't know, my 2030 prediction I 461 00:23:16,200 --> 00:23:20,840 think would be closer to, I don't know, low few 100,000 462 00:23:20,840 --> 00:23:24,040 probably I don't know, I think it might peak at about 500 K. 463 00:23:24,360 --> 00:23:27,800 Okay, so no. So no for this one I don't think 464 00:23:28,000 --> 00:23:30,000 so. Vast majority, 61% of Bitcoin 465 00:23:30,000 --> 00:23:32,680 Twitter disagrees. They think it's gonna go above 466 00:23:32,680 --> 00:23:36,520 750K And then the last one. Will Bitcoin have an all time 467 00:23:36,520 --> 00:23:40,800 high above 1,000,000 by 2030? I did. 468 00:23:40,840 --> 00:23:45,160 I gotta for for the culture. We gotta say yes, yes, OK. 469 00:23:45,320 --> 00:23:48,240 Well, whoa, that. Bears in the six. 470 00:23:48,240 --> 00:23:52,200 Percent of Bitcoin Twitter believes that no by 20-30 we 471 00:23:52,200 --> 00:23:54,960 will not hit $1,000,000. But it seems like Bitcoin 472 00:23:54,960 --> 00:23:57,760 Twitter does believe that it will be between 7:50. 473 00:23:57,760 --> 00:24:01,720 So most people believe it's gonna be between 7:50 and 1:00 474 00:24:01,720 --> 00:24:05,520 million over the next. Too many bears ago really like. 475 00:24:05,520 --> 00:24:09,680 5 1/2 years so and that's still an incredible return. 476 00:24:09,680 --> 00:24:12,200 I don't think anything else will give you that type of thing like 477 00:24:12,640 --> 00:24:15,600 sure thing. So just to kind of give like a a 478 00:24:15,600 --> 00:24:18,000 quick recap Bitcoin Twitter believes it's going to be 479 00:24:18,000 --> 00:24:22,120 between 750 and 1,000,000 by 2030 Arc invest. 480 00:24:22,160 --> 00:24:25,760 They lay out three cases. The base case is 682,000. 481 00:24:26,040 --> 00:24:28,960 You know, these numbers like they, they seem kind of similar. 482 00:24:29,400 --> 00:24:33,200 And Bernstein does predict, well, to be fair, it does say 483 00:24:33,200 --> 00:24:36,680 within 10 years. So we're about 5 1/2 years by 484 00:24:36,920 --> 00:24:41,080 from 2030, so. What was the price 5 1/2 years 485 00:24:41,080 --> 00:24:44,080 ago? I can't let me. 486 00:24:44,440 --> 00:24:45,720 I'd like to do this in the background. 487 00:24:45,800 --> 00:24:49,480 It was about like 20 K 'cause it was like what, the 2017 eighteen 488 00:24:49,480 --> 00:24:51,920 cycle that. And the low was 3K right? 489 00:24:51,920 --> 00:24:53,680 Like 3.5. Yeah. 490 00:24:54,440 --> 00:24:58,880 So what's 3.5 to 70 K? Yeah, 3.5. 491 00:24:59,600 --> 00:25:00,720 Well, it just got low. It's more than. 492 00:25:00,720 --> 00:25:02,600 A 10X? It's more than a 10X. 493 00:25:03,080 --> 00:25:04,560 OK. Yeah, yeah. 494 00:25:04,800 --> 00:25:08,320 It's more than a 10X. So I I think Taylor's right with 495 00:25:08,320 --> 00:25:12,240 the 700K prediction is maybe where we're gonna be at. 496 00:25:12,240 --> 00:25:16,000 I mean it's possible, but yeah anyways my guess would be closer 497 00:25:16,000 --> 00:25:19,080 to maybe 500 K peaking I can the next cycle. 498 00:25:19,080 --> 00:25:22,680 So like, you know, around 2030. I do find it, I do find it 499 00:25:22,680 --> 00:25:25,840 interesting though that like now you have like this isn't just a 500 00:25:25,840 --> 00:25:29,280 bunch of plebs or essentially a bunch of random and on 501 00:25:29,280 --> 00:25:31,960 bitcoiners that are just. Like we got institutions being 502 00:25:31,960 --> 00:25:34,760 stupidly bullish. And like, that's the reason that 503 00:25:34,760 --> 00:25:36,320 we're gonna cover it cuz we never do. 504 00:25:36,320 --> 00:25:39,280 We simply Bitcoin never does price predictions ourselves, but 505 00:25:39,280 --> 00:25:43,040 we do cover it when, you know, notable people are talking about 506 00:25:43,040 --> 00:25:44,120 this. And I just found that 507 00:25:44,120 --> 00:25:46,120 fascinating because it's Bernstein. 508 00:25:46,120 --> 00:25:49,840 You have Kathy Wood from Arc Invest and then of course, like 509 00:25:49,840 --> 00:25:52,120 kind of ask the crowd of Bitcoin Twitter. 510 00:25:52,320 --> 00:25:54,920 And it's, it's interesting because the general consensus is 511 00:25:54,920 --> 00:25:57,640 about the same. It's like roughly $1,000,000 512 00:25:57,920 --> 00:26:00,440 between 750 and a million roughly. 513 00:26:00,440 --> 00:26:03,600 People think that and the vast majority of people truly believe 514 00:26:03,960 --> 00:26:06,000 it's going to be way north of half $1,000,000. 515 00:26:06,000 --> 00:26:08,520 I mean, that is absolutely insane. 516 00:26:08,600 --> 00:26:10,960 I, I remember it's like, it's like I was, if it was yesterday. 517 00:26:10,960 --> 00:26:14,880 I remember when Bitcoin was at like $3500 like and everyone 518 00:26:14,880 --> 00:26:16,560 thought the, the sky was falling. 519 00:26:16,560 --> 00:26:20,600 I, I remember that. So we we had a what was that 520 00:26:20,600 --> 00:26:24,920 guy's comment on this day today? On this day five years ago, 5/8 521 00:26:25,000 --> 00:26:28,520 thousand, 8000. 690 yeah I mean there you go right? 522 00:26:28,920 --> 00:26:34,480 So anyways, my Chinese fortune cookie says 637,000 by end of 523 00:26:34,720 --> 00:26:37,000 year. Could you imagine like things 524 00:26:37,000 --> 00:26:41,440 would break? Yeah, but anyways, sat wise Jank 525 00:26:41,440 --> 00:26:43,480 says I'll be happy with 150K this run. 526 00:26:43,960 --> 00:26:46,840 We've been sideways for so long, we won't ever fall below that 527 00:26:46,840 --> 00:26:50,360 high of 60s as a new low. So yeah, I mean, very, very 528 00:26:50,360 --> 00:26:52,240 interesting. But anyways, I thought you guys 529 00:26:52,240 --> 00:26:53,960 would find it. I thought you guys would find 530 00:26:53,960 --> 00:26:57,360 that valuable and interesting, all these different takes. 531 00:26:57,360 --> 00:27:01,000 Anyways, before we move on to the next section, I do want to 532 00:27:01,000 --> 00:27:04,600 give an incredibly special shout out to our sponsor. 533 00:27:04,600 --> 00:27:07,160 And of course I'm talking pleb party guys. 534 00:27:07,160 --> 00:27:10,880 It's going to be an amazing, amazing party hosted in 535 00:27:10,880 --> 00:27:14,160 Nashville the day before the largest Bitcoin conference on 536 00:27:14,160 --> 00:27:15,800 planet earth. And of course I'm talking about 537 00:27:15,800 --> 00:27:21,280 Bitcoin 2024 in Nashville, TN. It's a 12 hour open bar party 538 00:27:21,280 --> 00:27:23,920 from noon to midnight. It's going to be hosted at an 539 00:27:23,920 --> 00:27:27,240 amazing venue, a rustic automobile factory from 1910 540 00:27:27,560 --> 00:27:30,480 with brick walls and tons of proof of work atmosphere. 541 00:27:30,720 --> 00:27:33,720 Confirmed attendees include Larry Leopard Press and Pitch, 542 00:27:33,720 --> 00:27:37,120 the entire simply Bitcoin crew, James Lavish, Robert Breedlove, 543 00:27:37,120 --> 00:27:40,840 Mark Moss, puppy Tatum, Turn Up, Adam O'Brien and many, many 544 00:27:40,840 --> 00:27:43,240 more. The last Pleb party in Miami was 545 00:27:43,240 --> 00:27:47,280 sold out eight days before over 1000 Bitcoin plebs are expected 546 00:27:47,280 --> 00:27:49,120 to attend. So guys, you definitely don't 547 00:27:49,120 --> 00:27:53,320 want to miss the Bitcoin the pleb party in Nashville. 548 00:27:53,600 --> 00:27:54,600 Opti and I are going to be there. 549 00:27:54,600 --> 00:27:55,920 It's going to be a great celebration. 550 00:27:55,920 --> 00:27:58,720 You want to get your tickets quickly before the prices go up 551 00:27:58,720 --> 00:28:01,520 because they will go up. And I think this is the last 552 00:28:01,520 --> 00:28:04,880 opportunity you have to get tickets at the $200.00 price 553 00:28:04,880 --> 00:28:06,640 point. So looking forward to seeing you 554 00:28:06,640 --> 00:28:09,200 guys in Nashville. This is going to be an awesome 555 00:28:09,200 --> 00:28:11,800 Bitcoin celebration. All right, everybody, let's hit 556 00:28:11,800 --> 00:28:15,600 the culture. Lots to talk about now. 557 00:28:15,600 --> 00:28:17,400 Let's hit the culture. Let's hit the news. 558 00:28:17,520 --> 00:28:23,680 Let's try that one more time. The Daily News. 559 00:28:25,240 --> 00:28:28,840 I want to give a shout out to our sponsor Foundation Devices. 560 00:28:29,000 --> 00:28:32,360 It's self custody done right. They built a premium grade 561 00:28:32,360 --> 00:28:35,800 hardware wallet called Passport right here in the US. 562 00:28:35,800 --> 00:28:38,160 It's fully open source and verifiable. 563 00:28:38,320 --> 00:28:41,800 It's the most intuitive Bitcoin wallet designed with the UX 564 00:28:41,800 --> 00:28:45,560 reminiscent of a simple feature phone, so you will know how to 565 00:28:45,560 --> 00:28:47,760 navigate it and use it the moment you pick it up. 566 00:28:48,120 --> 00:28:51,400 Get your Bitcoin off exchanges and into your into your own 567 00:28:51,400 --> 00:28:54,200 hands in just a few minutes. Experience the Peace of Mind 568 00:28:54,200 --> 00:28:56,840 that comes with taking ownership of your own keys. 569 00:28:57,040 --> 00:29:01,600 After a massive sell out during Bitcoin Miami 2023, the passport 570 00:29:01,600 --> 00:29:04,480 is back in stock at foundationdevices.com. 571 00:29:04,840 --> 00:29:08,480 Bitcoin only open source, verifiable completely air gap 572 00:29:08,600 --> 00:29:12,480 security model, gorgeous design craft premium grade materials. 573 00:29:12,640 --> 00:29:14,840 If you're thinking about getting your Bitcoin off exchange 574 00:29:14,920 --> 00:29:16,720 changes, this is the one for you. 575 00:29:16,960 --> 00:29:20,120 Check out the passport link in the show notes below to learn 576 00:29:20,120 --> 00:29:24,760 more All right everybody, I scanned the QR code on your 577 00:29:24,760 --> 00:29:27,520 screen right now. I'll take you directly to the 578 00:29:27,520 --> 00:29:30,760 foundation devices website where you guys can get yourself a 579 00:29:30,760 --> 00:29:34,280 passport hardware wallet. Remember guys, not your keys, 580 00:29:34,280 --> 00:29:37,520 not your cheese. Self custody is the revolution. 581 00:29:37,800 --> 00:29:40,920 You want to get yourself a passport by Foundation devices. 582 00:29:41,000 --> 00:29:43,960 All right, everybody check this out. 583 00:29:43,960 --> 00:29:48,280 This is Sailor's presentation from BTC Prague 21 Rules of 584 00:29:48,280 --> 00:29:51,560 Bitcoin by Sailor One. Everyone who understands Bitcoin 585 00:29:51,600 --> 00:29:54,680 buys Bitcoin Two. Everyone is against Bitcoin 586 00:29:54,680 --> 00:29:58,200 before they are for it Three. You will never be done learning 587 00:29:58,200 --> 00:30:01,800 about Bitcoin 4. Bitcoin is powered by chaos 5. 588 00:30:01,840 --> 00:30:04,760 Bitcoin is the only game in the casino that we can all win 589 00:30:05,160 --> 00:30:07,640 Bitcoin 6. Bitcoin won't protect you if 590 00:30:07,640 --> 00:30:11,080 you're not wearing the armor 7. Bitcoin is the one thing in the 591 00:30:11,080 --> 00:30:14,560 universe that you can truly own 8 Everyone gets Bitcoin at the 592 00:30:14,560 --> 00:30:17,640 price they deserve. Nine Only buy Bitcoin with the 593 00:30:17,640 --> 00:30:20,560 money you can't afford to lose. That's a really good point, 594 00:30:20,640 --> 00:30:21,720 right? You know, because you always 595 00:30:21,720 --> 00:30:24,760 hear it. It's like only buy Bitcoin with 596 00:30:24,760 --> 00:30:27,440 the money you can't afford to lose kind of flips that on his 597 00:30:27,440 --> 00:30:28,680 head. Only buy Bitcoin with the money 598 00:30:28,680 --> 00:30:32,480 you can't afford to lose. 10 Tickets to escape the matrix are 599 00:30:32,480 --> 00:30:36,760 priced in Bitcoin that's deep. 11 It's Michael Saylor based 600 00:30:36,800 --> 00:30:40,800 maybe anyways. 11 Bitcoin insight is restricted to those 601 00:30:40,800 --> 00:30:44,400 with the need to know. 12 All your models will be destroyed 602 00:30:45,400 --> 00:30:49,000 talking about this episode. 13 The cure to the economic ill is 603 00:30:49,000 --> 00:30:53,440 the orange pill. 14B for Bitcoin, not against Fiat. 15 604 00:30:53,440 --> 00:30:58,040 Bitcoin is for everyone. 16 Learn to think in Bitcoin. 17 605 00:30:58,040 --> 00:31:01,320 You don't change Bitcoin, it changes you. 18 Laser eyes 606 00:31:01,320 --> 00:31:05,320 protect you from endless lies. 19 Respect Bitcoin or will make 607 00:31:05,360 --> 00:31:10,320 a clown out of you. 20 You do not sell your Bitcoin. 21 Spread 608 00:31:10,320 --> 00:31:14,240 Bitcoin with love. So what do you think Opti? 609 00:31:14,240 --> 00:31:15,760 What's your take on this before I move on? 610 00:31:16,360 --> 00:31:19,040 I mean, I like it. He's obviously talking in my 611 00:31:19,040 --> 00:31:23,760 language, but the one that I have the most contention with is 612 00:31:24,160 --> 00:31:27,640 Bitcoin is powered by chaos. Like, well, I, I agree and I see 613 00:31:27,640 --> 00:31:31,440 the sentiment and like, I kind of want to say the opposite. 614 00:31:31,440 --> 00:31:33,360 Like Bitcoin to me is the stable coin. 615 00:31:33,360 --> 00:31:35,680 Like Bitcoin is that piece in the garden. 616 00:31:35,680 --> 00:31:39,080 And yeah, maybe powered by chaos, but like, I don't know, 617 00:31:39,080 --> 00:31:41,600 it brings peace to you and it's, it's the only stable thing in 618 00:31:41,600 --> 00:31:43,720 the world. So yeah, it's a pretty good 619 00:31:43,720 --> 00:31:45,080 list. I, I kind of like it though. 620 00:31:45,080 --> 00:31:47,720 I, I know you are gonna bring on Beauty On's one and I, and I 621 00:31:47,720 --> 00:31:49,240 didn't even get this one in the morning. 622 00:31:49,240 --> 00:31:50,760 I saw Beauty On's one. I'm like, what is he even 623 00:31:50,760 --> 00:31:51,560 talking about? So. 624 00:31:51,680 --> 00:31:54,040 He went hard in the pain. But let's ask Taylor what's his 625 00:31:54,040 --> 00:31:55,680 thoughts on this? And let's do the beauty on one. 626 00:31:55,960 --> 00:31:59,880 Yeah, so on #4I I I think maybe maybe he was referring to like 627 00:32:00,000 --> 00:32:02,480 the only reason Bitcoin has value is because Fiat is so 628 00:32:02,480 --> 00:32:04,480 chaotic, because there are no rules. 629 00:32:04,480 --> 00:32:07,040 People can just invent more people can do control it. 630 00:32:08,400 --> 00:32:10,040 Maybe, maybe that was what he was meaning. 631 00:32:10,160 --> 00:32:12,440 The one, the one I kind of disagreed with was #2A little 632 00:32:12,440 --> 00:32:14,760 bit like everyone is against Bitcoin before they are for it. 633 00:32:15,120 --> 00:32:16,520 I don't, I don't necessarily know if that's true. 634 00:32:16,520 --> 00:32:19,440 It might be more true now, but back in the day, like there, 635 00:32:19,440 --> 00:32:21,680 there wasn't as much anti Bitcoin sentiment. 636 00:32:22,560 --> 00:32:24,920 People would just like find it and realize this is better. 637 00:32:25,200 --> 00:32:27,560 And it's not that they necessarily started out against 638 00:32:27,560 --> 00:32:30,200 it, but now that the price is higher and I, I think people do 639 00:32:30,200 --> 00:32:33,840 have a tendency to say, Oh, I, I missed the, you know, the like 640 00:32:33,880 --> 00:32:36,200 early waves. So you know, they're they're 641 00:32:36,200 --> 00:32:38,280 going to more likely be against it. 642 00:32:38,280 --> 00:32:40,800 But other than that, I thought the list was was really great 643 00:32:40,800 --> 00:32:42,760 and I kind of liked the only buy Bitcoin with mine. 644 00:32:42,760 --> 00:32:45,680 You can't afford to lose. That was that was kind of 645 00:32:45,680 --> 00:32:47,280 interesting because it did flip it on its head. 646 00:32:48,960 --> 00:32:50,400 But yeah, yeah, it's it's a good list. 647 00:32:50,400 --> 00:32:52,800 And I think learning to think in Bitcoin is really important. 648 00:32:53,000 --> 00:32:55,160 Like I think a lot of people buy Bitcoin and they just see it for 649 00:32:55,160 --> 00:32:57,560 like U.S. dollar go like number go up kind of thing. 650 00:32:58,280 --> 00:33:03,240 Like they they want Bitcoin to make more dollars, not that they 651 00:33:03,240 --> 00:33:06,000 want Bitcoin. So I think learning to think in 652 00:33:06,000 --> 00:33:09,360 Bitcoin is is really important to think, you know, this is this 653 00:33:09,360 --> 00:33:11,200 is my currency. Like what was that like really 654 00:33:11,200 --> 00:33:14,160 early meme? Like it it was was it from the 655 00:33:14,160 --> 00:33:16,160 matrix? And it was basically like. 656 00:33:17,040 --> 00:33:20,160 Oh yeah, the $1,000,000 Neo One. Yeah, you'll you'll sell when it 657 00:33:20,160 --> 00:33:22,880 hits, whatever. And he's like when you I forget 658 00:33:22,880 --> 00:33:23,800 it. I, I don't know, I wish. 659 00:33:23,880 --> 00:33:25,080 You won't. Basically you won't. 660 00:33:25,080 --> 00:33:27,720 I butchered this this meme reference the other day as well, 661 00:33:27,920 --> 00:33:30,800 but basically the general gist of it is like you won't have to. 662 00:33:31,640 --> 00:33:33,480 You won't have to sell your Bitcoin now. 663 00:33:33,520 --> 00:33:36,200 It's like Bitcoin is gonna be worth the $1,000,000 one day and 664 00:33:36,200 --> 00:33:38,920 it's like, no, like you won't have to sell your Bitcoin for 665 00:33:38,920 --> 00:33:40,880 $1,000,000, you just buy. Things, yeah. 666 00:33:41,080 --> 00:33:45,120 So, but no, I get that dude, that meme is so powerful. 667 00:33:45,120 --> 00:33:46,880 Opti. Can you pull it up while I show 668 00:33:46,880 --> 00:33:51,920 the find it anyway, so not all bitcoiners we're happy about 669 00:33:51,920 --> 00:33:53,960 this. We have beauty on Beauty on is 670 00:33:54,120 --> 00:33:58,440 the the founder of a stecco, this awesome kind of like self 671 00:33:58,440 --> 00:34:01,120 custody Bitcoin app. You like buy these vouchers and 672 00:34:01,160 --> 00:34:03,840 you don't even have to do KYC legally like it's it's really, 673 00:34:03,840 --> 00:34:06,600 really interesting. Go check out a Steco if you 674 00:34:06,600 --> 00:34:07,280 have. Here's the meme. 675 00:34:07,280 --> 00:34:08,400 Here's the meme. But here's the meme. 676 00:34:08,400 --> 00:34:11,960 It says, what are you? What are you trying to tell me 677 00:34:11,960 --> 00:34:14,679 that I can seriously trade my Bitcoin for millions someday? 678 00:34:14,679 --> 00:34:18,080 No, no, Neo, I'm trying to tell you that when you're ready, you 679 00:34:18,080 --> 00:34:19,800 won't have to like. Yeah, bro. 680 00:34:19,800 --> 00:34:24,440 Like, it's such a powerful meme. Anyways, here is Beautyon, and 681 00:34:24,440 --> 00:34:28,280 he says Beautyon's 21 rules for Bitcoin as a total remedy for 682 00:34:28,280 --> 00:34:33,280 sailors. 21 rules for Bitcoin. Oh, you got to love Bitcoiners. 683 00:34:33,520 --> 00:34:36,000 One, you don't need to understand Bitcoin to be able to 684 00:34:36,000 --> 00:34:37,159 use it. I agree. 685 00:34:37,760 --> 00:34:43,080 Two nobody cares what you are for or against in maths 3 Nobody 686 00:34:43,080 --> 00:34:45,920 needs to grasp Bitcoin to do what Bitcoin was designed to do 687 00:34:46,159 --> 00:34:48,199 4 Bitcoin is not powered by chaos. 688 00:34:48,199 --> 00:34:52,639 Bitcoin is extremely orderly. It is Fiat and evil KYC status 689 00:34:52,639 --> 00:34:56,199 who are for chaos. Go off king. 690 00:34:56,560 --> 00:35:01,040 Oh my God beauty on dunking hard. 5 Bitcoin has nothing to 691 00:35:01,040 --> 00:35:04,320 do with gambling. Bad analogies are anti Bitcoin. 692 00:35:04,800 --> 00:35:09,240 Six Bitcoin can't protect you 7 No one owns Bitcoin, it is not 693 00:35:09,240 --> 00:35:14,000 an asset or a coin 8 The price of Bitcoin doesn't matter 9 694 00:35:14,000 --> 00:35:16,520 Bitcoin is not about winning and losing. 10. 695 00:35:16,520 --> 00:35:21,160 The Matrix is a science fiction movie, not reality. 11 Computer 696 00:35:21,160 --> 00:35:25,000 illiterates think knowledge is required to use Bitcoin. 12 697 00:35:25,000 --> 00:35:28,400 Bitcoin does not destroy models, it enforces them. 13 Orange 698 00:35:28,400 --> 00:35:32,120 pills are toxic, don't eat them. 14 Status who pretend to be 699 00:35:32,120 --> 00:35:34,400 Bitcoiners think there is no problem with Fiat. 700 00:35:34,400 --> 00:35:37,840 They're gravely mistaken. Don't follow them. 15 Bitcoin is 701 00:35:37,840 --> 00:35:41,560 for everyone on Bitcoin's term, not the status terms. 16 Learn 702 00:35:41,560 --> 00:35:44,280 how to think. 17 Bitcoin can't change people. 703 00:35:44,280 --> 00:35:47,880 It is not LSD. 18 Laser eyes on avatars can't make Bitcoin 704 00:35:47,880 --> 00:35:52,200 change the world. 19 Bitcoin is, excuse me, not a person or 705 00:35:52,200 --> 00:35:56,560 pronoun it does not need or cannot understand respect. 20 706 00:35:56,560 --> 00:35:58,440 Sell your Bitcoin when you need to. 707 00:35:58,440 --> 00:36:01,960 Don't be stupid always. 21 Stretch out with your hate. 708 00:36:01,960 --> 00:36:08,360 Hate the state. Oh man, gotta love bitcoiners. 709 00:36:08,360 --> 00:36:12,000 Also, in other news, MicroStrategy boosts its stock 710 00:36:12,000 --> 00:36:15,040 sale to $700 million to buy Bitcoin. 711 00:36:15,040 --> 00:36:17,040 So we reported the news, I think it was yesterday or the day 712 00:36:17,040 --> 00:36:21,640 before, basically that they are using the infinite money glitch, 713 00:36:21,960 --> 00:36:25,400 leveraging the increased valuation of their stock in 714 00:36:25,400 --> 00:36:27,720 order to borrow money to buy more Bitcoin. 715 00:36:27,880 --> 00:36:29,440 They initially made an announcement that they were 716 00:36:29,440 --> 00:36:33,080 going to do $500 million. Apparently they moved this up to 717 00:36:33,080 --> 00:36:35,240 700 million. I wish I had an infinite money 718 00:36:35,240 --> 00:36:36,400 glitch. That would be absolutely 719 00:36:36,400 --> 00:36:38,400 awesome. And the last news that I want to 720 00:36:38,400 --> 00:36:43,560 cover today for the week is E US Encryption report finds layer 721 00:36:43,560 --> 00:36:47,520 Two's private ownership of Bitcoin problematic for law 722 00:36:47,520 --> 00:36:49,960 enforcement. It goes on to say. 723 00:36:50,320 --> 00:36:53,360 The report provides a overview prevailing and upcoming 724 00:36:53,360 --> 00:36:56,440 encryption technologies, including quantum computing, 725 00:36:56,440 --> 00:36:59,440 Bitcoin and other cryptocurrencies, DNS protocol, 726 00:36:59,440 --> 00:37:03,120 5G networks, machine learning and artificial intelligence, and 727 00:37:03,120 --> 00:37:07,280 explores quote, how to uphold citizen privacy while enabling 728 00:37:07,280 --> 00:37:09,360 criminal investigation and prosecution. 729 00:37:09,800 --> 00:37:12,960 It is quote, it is vital that relevant stakeholders in the 730 00:37:12,960 --> 00:37:16,960 justice and Home Affairs domain are aware of these developments 731 00:37:16,960 --> 00:37:19,400 and are provided with the means to stay on top of these 732 00:37:19,400 --> 00:37:23,960 technological advancements. Last one member of EU Patrick 733 00:37:23,960 --> 00:37:27,760 Brayer of the Pirate Party warns that the following push against 734 00:37:27,760 --> 00:37:31,760 secure encryption comes as a part of renewed push for 735 00:37:31,760 --> 00:37:35,720 European mass surveillance. Last one brayer also warns that 736 00:37:35,720 --> 00:37:39,000 European Council has already agreed to green green light 737 00:37:39,000 --> 00:37:44,160 quote chat control version two point O proposal next week goes 738 00:37:44,160 --> 00:37:47,480 on to say several sanctions of the encryption report focused 739 00:37:47,480 --> 00:37:49,960 specifically on Bitcoin and other crypto currencies. 740 00:37:49,960 --> 00:37:51,720 These include the following experts. 741 00:37:52,080 --> 00:37:54,800 There are mainly two types of wallets, custodial and non 742 00:37:54,800 --> 00:37:57,680 custodial. Custodial wallets refer to 743 00:37:57,680 --> 00:38:01,920 wallets where the user does not hold their own private key, but 744 00:38:01,920 --> 00:38:04,400 the service does so on behalf of the user. 745 00:38:04,400 --> 00:38:07,600 This is very common As for example funds stored at 746 00:38:07,600 --> 00:38:10,720 centralized cryptocurrency exchanges are custodial. 747 00:38:11,000 --> 00:38:13,960 The phrase not your keys, not your crypto refers to such 748 00:38:13,960 --> 00:38:16,640 storage. Goes on to say while easy to 749 00:38:16,640 --> 00:38:19,440 use, there can be risks using custodians. 750 00:38:19,440 --> 00:38:22,040 As the company holds the private keys, the users have no 751 00:38:22,040 --> 00:38:23,960 cryptographical control over the funds. 752 00:38:24,320 --> 00:38:27,640 For law enforcement agencies, this can be beneficial is that 753 00:38:27,680 --> 00:38:31,280 they can request exchanges and custodian wallets, provide 754 00:38:31,280 --> 00:38:34,040 providers to freeze and seize cryptocurrency assets. 755 00:38:34,040 --> 00:38:35,960 It's kind of like what I was referencing in the beginning. 756 00:38:36,200 --> 00:38:39,760 The reason that governments love banks, the reason that they were 757 00:38:39,760 --> 00:38:43,160 able to get away with the six one O 2 order is because the 758 00:38:43,160 --> 00:38:47,280 gold and the money in people's banks are with a custodian. 759 00:38:47,280 --> 00:38:51,000 There's only a handful of custodians that the government 760 00:38:51,000 --> 00:38:53,880 has to knock on the door of and say, hey, you know that money 761 00:38:53,880 --> 00:38:55,360 that you're holding for another guy? 762 00:38:55,680 --> 00:38:57,680 Well, you can't use that anymore. 763 00:38:57,680 --> 00:38:59,800 And the custodian, of course they're going to go along with 764 00:38:59,800 --> 00:39:00,960 it. In fact, you can't even make the 765 00:39:00,960 --> 00:39:02,280 bet. You can even make the case that 766 00:39:02,280 --> 00:39:04,560 the custodian is in bed with the government. 767 00:39:04,560 --> 00:39:07,280 Remember the 2008 financial crisis and all the bailouts, 768 00:39:07,720 --> 00:39:10,360 right? Those bailouts were for the 12 769 00:39:10,360 --> 00:39:12,400 larger, I don't know how many banks, but it was like the, the, 770 00:39:12,520 --> 00:39:17,160 the large mainstream banks. So like, of course they're like 771 00:39:17,520 --> 00:39:19,440 going to do what the government wants them to do. 772 00:39:19,640 --> 00:39:24,160 Now, this discussion changes when the custodian becomes 773 00:39:24,160 --> 00:39:29,120 millions upon millions of individuals thinking freely, 774 00:39:29,120 --> 00:39:33,520 doing their own research and saying, yeah, like history has 775 00:39:33,520 --> 00:39:37,400 shown, like the Canadian truckers protest that you guys 776 00:39:37,400 --> 00:39:40,000 can't even control. Like you guys can't help 777 00:39:40,000 --> 00:39:46,640 yourselves but to censor speech as the Twitter Files revealed, 778 00:39:46,800 --> 00:39:50,880 right, that the US government was working with social media 779 00:39:50,960 --> 00:39:55,160 companies to censor the political discourse of certain 780 00:39:55,160 --> 00:39:58,400 Americans, right? They can't even help themselves 781 00:39:58,400 --> 00:40:00,720 but to censor speech. And at the same time they're 782 00:40:00,720 --> 00:40:04,240 saying, but trust me, bro, we won't do the same with money. 783 00:40:05,040 --> 00:40:08,560 I'm sorry if we don't trust you like and with, and the trust has 784 00:40:08,560 --> 00:40:11,840 been broken on a different on, on, on multiple levels, like 785 00:40:12,760 --> 00:40:16,240 level #1 is we trusted you not to debase the currency. 786 00:40:16,480 --> 00:40:20,600 You've broken that trust. Number two, we trusted banks to 787 00:40:20,600 --> 00:40:23,080 hold our money. And they've broken that trust 788 00:40:23,080 --> 00:40:25,720 multiple times throughout history, right? 789 00:40:26,360 --> 00:40:29,400 So like the infamous bank runs of the, of the late of the early 790 00:40:29,400 --> 00:40:33,600 1930s, man, it'd be great to pray like, like you're supposed 791 00:40:33,600 --> 00:40:35,840 to trust these institutions holding your money, But then 792 00:40:35,840 --> 00:40:39,160 the, the, the, the incentive structure gets misaligned 793 00:40:39,160 --> 00:40:42,480 because all of a sudden they're really not incentivized to just, 794 00:40:42,880 --> 00:40:44,920 you know, die to custody your money. 795 00:40:45,160 --> 00:40:47,480 And you know, like, no matter what, no one's going to get me. 796 00:40:47,720 --> 00:40:49,800 They're kind of really incentivized to hold on to their 797 00:40:49,800 --> 00:40:53,120 job, right? Like who's going to take better 798 00:40:53,120 --> 00:40:55,720 care of your money but yourself? And that's what they don't want 799 00:40:55,720 --> 00:40:57,760 you to know. They don't want. 800 00:40:57,760 --> 00:41:02,840 They planned and they designed this system always to have this 801 00:41:02,840 --> 00:41:06,560 intermediary, always to have this custodian. 802 00:41:06,840 --> 00:41:10,800 Why is it my problem that Bitcoin comes along and says, 803 00:41:10,800 --> 00:41:12,360 you know what? There is no necessity for 804 00:41:12,360 --> 00:41:14,960 custodians. You can not only can you take 805 00:41:14,960 --> 00:41:17,080 self custody, you can run the software yourself. 806 00:41:17,080 --> 00:41:19,400 We're going to talk about nodes are in the culture, right? 807 00:41:20,120 --> 00:41:23,480 So like, oh, Boo Hoo, like. And again, it's not that it 808 00:41:23,480 --> 00:41:26,240 stops law enforcement. You can still arrest someone in 809 00:41:26,240 --> 00:41:27,920 meet space and put them in a box. 810 00:41:28,120 --> 00:41:31,720 What they're arguing for is they still want those levers of 811 00:41:31,720 --> 00:41:34,800 control where they can just flick switches and just turn 812 00:41:34,800 --> 00:41:38,240 people's money off. The era of political money is 813 00:41:38,240 --> 00:41:41,320 slowly coming to an end. And don't let them psyop you 814 00:41:41,600 --> 00:41:44,680 into thinking that that's somehow dangerous for society. 815 00:41:45,240 --> 00:41:49,080 I would say it's more dangerous for society, government to 816 00:41:49,080 --> 00:41:52,480 retain their power and control over money because that's just 817 00:41:52,480 --> 00:41:57,000 going to lead to more endless wars, more debasement and more 818 00:41:57,000 --> 00:41:58,920 human suffering. Full stop. 819 00:41:59,120 --> 00:42:02,120 Anyways, it goes on to say non custodial wallets refer to 820 00:42:02,120 --> 00:42:04,560 hardware and software wallets where the users have 821 00:42:04,560 --> 00:42:06,600 responsibility for their own private key storage. 822 00:42:07,120 --> 00:42:10,000 This comes with quote great responsibility as a loss of 823 00:42:10,000 --> 00:42:12,280 private keys means the funds are not accessible anymore. 824 00:42:12,560 --> 00:42:15,680 Furthermore, sharing or theft of the private key and this is 825 00:42:15,680 --> 00:42:16,680 where they're trying to scare you. 826 00:42:16,680 --> 00:42:20,680 It's like lots of responsibility theft can happen, you know, 827 00:42:20,680 --> 00:42:22,240 don't do that. You want to leave them with 828 00:42:22,240 --> 00:42:23,840 custodians. Well, you know, one of the 829 00:42:23,840 --> 00:42:26,920 biggest thefts in human history, one of the biggest thieves is 830 00:42:26,920 --> 00:42:31,560 the state themselves, right? Anyways, goes on to say a nodic 831 00:42:31,560 --> 00:42:33,520 phrase is and then it kind of explains all that. 832 00:42:33,520 --> 00:42:37,560 But anyways, you guys get the general gist of it and you're 833 00:42:37,560 --> 00:42:41,000 going to continue to see this pattern all over the world as 834 00:42:41,000 --> 00:42:45,400 Bitcoin continues to be adopted. You're just going to see the the 835 00:42:45,440 --> 00:42:49,520 elements of of, you know, of the bureaucracy that benefited from 836 00:42:49,520 --> 00:42:53,480 controlling money, benefited from currency debasement, fight 837 00:42:53,480 --> 00:42:55,160 this as if their life depended on it. 838 00:42:55,720 --> 00:42:58,280 And you can make the case it's because it does, right? 839 00:42:59,240 --> 00:43:02,560 But they're not really acting out of your best interest. 840 00:43:02,560 --> 00:43:05,320 They're really acting out of the interest of like, we have to 841 00:43:05,320 --> 00:43:08,880 retain the power of the money printer so that we can continue 842 00:43:08,880 --> 00:43:11,520 what we've been doing, you know, over the last century. 843 00:43:11,680 --> 00:43:15,320 And it's been terrible. Like Bitcoin was was born as a 844 00:43:15,320 --> 00:43:18,680 response to how much they dropped the ball, right? 845 00:43:18,720 --> 00:43:21,160 Why are we going to go back? I think it's time to try 846 00:43:21,160 --> 00:43:23,960 something new. So far, the results have been 847 00:43:23,960 --> 00:43:27,240 incredible, not only for my life, not only for the lives of 848 00:43:27,240 --> 00:43:29,440 Bitcoiners that have adopted Bitcoin, they've migrated to a 849 00:43:29,440 --> 00:43:33,360 Bitcoin standard, but you could also like to the life of of 850 00:43:33,360 --> 00:43:35,760 these public companies that have adopted a Bitcoin standard. 851 00:43:35,760 --> 00:43:38,840 Look at how, look at how well they've performed to the life 852 00:43:39,080 --> 00:43:42,880 of, of, of the, you know, shining country on a hill, El 853 00:43:42,880 --> 00:43:45,320 Salvador. Look at how, how look, look at 854 00:43:45,320 --> 00:43:47,840 how hard El Salvador is killing it right. 855 00:43:48,080 --> 00:43:51,760 So like so far and and you you know, what tells me we're over 856 00:43:51,760 --> 00:43:56,280 the target is how much the legacy media is responding to 857 00:43:56,880 --> 00:44:00,040 all these institutions killing it like El Salvador is killing 858 00:44:00,040 --> 00:44:01,640 it. Media was like El Salvador is 859 00:44:01,640 --> 00:44:04,120 going to burn and then they go to Argentina. 860 00:44:04,120 --> 00:44:06,760 The IMF goes to Argentina, says Argentina will give you another 861 00:44:06,760 --> 00:44:08,720 bailout, but you have to de incentivize the adoption of 862 00:44:08,720 --> 00:44:11,640 Bitcoin. Argentina suffers hyperinflation 863 00:44:11,680 --> 00:44:16,360 like it all, like, you know, it's like there is a pattern of 864 00:44:16,560 --> 00:44:19,960 every time you listen to the IMF, things don't go well. 865 00:44:19,960 --> 00:44:23,120 There's a pattern of not every time, but perhaps a lot of the 866 00:44:23,120 --> 00:44:26,920 time you listen to the state and they just don't have your bitch 867 00:44:26,920 --> 00:44:29,120 best interests at heart. I just can't help but to think 868 00:44:29,120 --> 00:44:31,560 the pandemic over a lot, you know, pandemic and all these 869 00:44:31,560 --> 00:44:33,640 things, like a lot of the things that they weren't saying, were 870 00:44:33,640 --> 00:44:37,120 saying weren't true. And then I can't help but to 871 00:44:37,120 --> 00:44:41,360 think of my lived experience over these eight years that I've 872 00:44:41,360 --> 00:44:43,880 been in Bitcoin. And I could tell you for a fact 873 00:44:44,000 --> 00:44:47,120 it's been a very good idea not only to buy Bitcoin, earn 874 00:44:47,120 --> 00:44:49,760 Bitcoin, but also put that into self custody. 875 00:44:50,120 --> 00:44:53,000 And I've seen it unproved, not only my life, but the peep the 876 00:44:53,000 --> 00:44:55,480 lives of the people around me. I don't think I've ever met 877 00:44:55,480 --> 00:44:57,920 someone that has told me Nico adopted Bitcoin. 878 00:44:57,920 --> 00:45:00,720 My life is shittier. I don't think I've had that 879 00:45:00,720 --> 00:45:03,600 conversation before, right? Don't trust me. 880 00:45:03,600 --> 00:45:05,720 Verify yourself. Check out, check out priced in 881 00:45:05,720 --> 00:45:08,400 Bitcoin, check out. We've done episodes where we've 882 00:45:08,400 --> 00:45:10,640 made the case that the American dream isn't dead. 883 00:45:10,640 --> 00:45:13,160 If you've migrated to a Bitcoin standard, life gets 884 00:45:13,160 --> 00:45:16,800 progressively cheaper. They want you to live in a world 885 00:45:16,800 --> 00:45:20,880 where life gets progressively more expensive to benefit them, 886 00:45:21,360 --> 00:45:23,560 right, To benefit the state, because that's who the benefits 887 00:45:23,560 --> 00:45:25,200 when they, when they debates the currency. 888 00:45:25,280 --> 00:45:27,520 And you can save very, very wealthy people as well because 889 00:45:27,520 --> 00:45:30,000 they own assets. But I would say mostly it's the 890 00:45:30,000 --> 00:45:32,280 state that benefits. That's how they get away with 891 00:45:32,280 --> 00:45:35,360 the $1.7 trillion in deficit spending. 892 00:45:35,800 --> 00:45:39,440 Anyways, I've gone rambling and been on a tangent, but I get 893 00:45:39,440 --> 00:45:43,680 very passionate when I hear these politicians like, oh, 894 00:45:44,040 --> 00:45:48,320 it's, it's too complicated. You have to, it would require 895 00:45:48,320 --> 00:45:51,400 responsibility. It, it stops us from doing our 896 00:45:51,400 --> 00:45:54,080 job. Like, no, dude, I don't believe 897 00:45:54,080 --> 00:45:55,480 you. I'm sorry if I don't believe 898 00:45:55,480 --> 00:45:57,880 you, but that's where I'm at. ANYWAYS, Taylor, what's your 899 00:45:57,880 --> 00:46:01,200 take on this? You don't start, you know, a a a 900 00:46:01,200 --> 00:46:04,560 company that makes nodes if you didn't feel very passionate 901 00:46:04,560 --> 00:46:06,880 about this specific subject. Yeah, absolutely. 902 00:46:07,240 --> 00:46:12,000 And that was a great rant. I, I, I think it was, you hit on 903 00:46:12,000 --> 00:46:14,080 a lot of good points there because I, I think it's just 904 00:46:14,720 --> 00:46:17,560 incredibly wrong for, you know, governments to come in and say 905 00:46:17,560 --> 00:46:20,280 basically you can't just keep this little tiny electronic 906 00:46:20,280 --> 00:46:22,600 device in your house. It's not doing anything except 907 00:46:22,600 --> 00:46:24,160 like holding some savings, right? 908 00:46:25,000 --> 00:46:28,840 Like I know with the six one O 2 order back in EU s s history, 909 00:46:28,840 --> 00:46:30,280 they did try and go take gold from people. 910 00:46:30,280 --> 00:46:33,520 But I, I think looking back at that example, it's easy to say 911 00:46:33,520 --> 00:46:36,000 that you know, that was wrong, like they shouldn't have done 912 00:46:36,000 --> 00:46:37,680 that. It it's not right to just go 913 00:46:37,840 --> 00:46:39,640 decide one day. We don't, we don't think you 914 00:46:39,640 --> 00:46:41,160 should be able to save money. We're going to go start 915 00:46:41,160 --> 00:46:43,840 confiscating assets, not because you haven't committed any like 916 00:46:44,040 --> 00:46:46,280 terrible, awful crimes or anything, or you're about to go 917 00:46:46,280 --> 00:46:49,120 to prison, but because we just don't want you to have those 918 00:46:49,120 --> 00:46:51,680 things. And so I, I think a lot of the 919 00:46:51,680 --> 00:46:53,840 regulations are concerning to a lot of Bitcoin companies. 920 00:46:53,840 --> 00:46:56,160 Like you said in the intro, there's, I think it was the 921 00:46:56,160 --> 00:47:00,040 intro that, you know, the US regulatory environment is 922 00:47:00,040 --> 00:47:02,160 getting a little bit worse. And it has been over the past 923 00:47:02,160 --> 00:47:04,080 couple of years for a lot of Bitcoin companies. 924 00:47:04,720 --> 00:47:06,720 A lot of exchanges are, are starting to leave. 925 00:47:06,720 --> 00:47:09,560 A lot of exchanges are not offering like derivative 926 00:47:09,560 --> 00:47:12,960 products and other things that, you know, people might want in, 927 00:47:12,960 --> 00:47:15,600 in terms of, you know, accessing their Bitcoin or doing whatever 928 00:47:15,600 --> 00:47:17,880 they want with it. I think they're all just sort of 929 00:47:17,880 --> 00:47:19,640 assaults on freedom. People should be able to do what 930 00:47:19,640 --> 00:47:22,360 they want, especially with their money. 931 00:47:22,360 --> 00:47:25,720 And, and I think the government is getting scared that there's 932 00:47:26,040 --> 00:47:28,000 like valid alternatives out there. 933 00:47:28,440 --> 00:47:31,560 They're still like tiny compared to what the US dollar is, but 934 00:47:31,560 --> 00:47:34,560 they've seen the growth over the past 10-15 years. 935 00:47:35,000 --> 00:47:37,600 And, you know, it's, it's scaring them and they don't like 936 00:47:37,600 --> 00:47:39,960 it. They don't like people being in 937 00:47:39,960 --> 00:47:42,480 control of their their own finances and they don't like 938 00:47:42,480 --> 00:47:46,280 people being sovereign. And so they, you know, are going 939 00:47:46,280 --> 00:47:47,680 to attack that. And I think it's probably going 940 00:47:47,680 --> 00:47:50,600 to get worse, very likely. And so, and I think a lot of the 941 00:47:50,600 --> 00:47:53,520 regulations, even with like a company that builds nodes and 942 00:47:53,520 --> 00:47:55,520 hardware wallet companies, I think are going to be the ones 943 00:47:55,520 --> 00:47:58,200 that potentially get targeted next. 944 00:47:58,200 --> 00:48:00,760 And regulations make it very difficult for them to offer 945 00:48:00,760 --> 00:48:02,760 their products. Or they get regulated in such a 946 00:48:02,760 --> 00:48:06,960 way that hardware wallets like are forced to go through some 947 00:48:06,960 --> 00:48:08,560 sort of like third party exchange. 948 00:48:08,560 --> 00:48:11,120 Like they could be regulated into saying, you know, you can't 949 00:48:11,120 --> 00:48:12,880 run your own node. Like if you have a hardware 950 00:48:12,880 --> 00:48:15,360 wallet, you're forced to transact through a third party. 951 00:48:15,640 --> 00:48:18,760 So that way there's like sort of a choke point on the spending 952 00:48:18,760 --> 00:48:22,440 that money or, or transacting, and then it gives them more 953 00:48:22,440 --> 00:48:25,640 power to regulate even further. And so I, I think there's risk 954 00:48:25,640 --> 00:48:27,520 to a lot of Bitcoin companies going forward. 955 00:48:28,080 --> 00:48:30,200 You know, there's, there's going to be challenges and people will 956 00:48:30,200 --> 00:48:33,120 just have to pay attention and, you know, make very good 957 00:48:33,120 --> 00:48:36,720 argument to make sure that it's, it's what they're trying to do 958 00:48:36,720 --> 00:48:39,320 is well publicized so that they don't get away with sneaking 959 00:48:39,320 --> 00:48:41,920 regulations. And I forget the details, but a 960 00:48:41,920 --> 00:48:43,480 couple years ago it seemed like that was happening. 961 00:48:43,480 --> 00:48:45,640 They were trying to sneak a lot of self custody kind of stuff 962 00:48:45,640 --> 00:48:48,520 into to certain laws that were getting passed. 963 00:48:48,520 --> 00:48:51,560 And it's and, and a lot of the laws at the time were written 964 00:48:51,560 --> 00:48:54,560 very, very vaguely. So that's another concern as 965 00:48:54,560 --> 00:48:55,720 well. Politicians who don't really 966 00:48:55,720 --> 00:48:56,920 understand the laws they're writing. 967 00:48:56,920 --> 00:49:00,200 They hear from lobbyists or other people, they go past laws 968 00:49:00,200 --> 00:49:03,200 and then it's, it's worded in such a terrible way that like 969 00:49:03,480 --> 00:49:05,440 all self custody might be outlawed, even if they'll say, 970 00:49:05,440 --> 00:49:08,080 well, you know, we weren't trying to do that, but look what 971 00:49:08,080 --> 00:49:09,880 happened because of some laws we passed. 972 00:49:09,880 --> 00:49:12,440 And so I can see, I can see them trying to do stuff like that 973 00:49:12,440 --> 00:49:13,840 too. So it's concerning. 974 00:49:13,840 --> 00:49:16,560 We'll have to pay attention and make sure that, you know, those 975 00:49:16,560 --> 00:49:20,000 kind of things don't don't get passed and that we argue for the 976 00:49:20,000 --> 00:49:23,440 ability for people to, you know, have access to their own money 977 00:49:23,440 --> 00:49:25,800 and the money that they choose. Yeah, absolutely. 978 00:49:25,800 --> 00:49:27,440 Now it's really, really good perspective. 979 00:49:27,440 --> 00:49:28,920 Opti, what's your take on all this, brother? 980 00:49:28,920 --> 00:49:33,120 Also shout out to the 1173 of you guys watching live between 981 00:49:33,120 --> 00:49:36,040 YouTube and X. And shout out to the 50 or so of 982 00:49:36,040 --> 00:49:37,680 you guys watching live on Rumble. 983 00:49:37,840 --> 00:49:39,000 If you guys are enjoying the show. 984 00:49:39,000 --> 00:49:43,200 It really helps with the algos if you smash that like button, 985 00:49:43,200 --> 00:49:45,880 really tells the algos to push the orange signal forward. 986 00:49:46,160 --> 00:49:47,960 Opti, what's your take on all this, brother? 987 00:49:50,080 --> 00:49:52,800 Well, I, I just really want to touch on the last part, even 988 00:49:52,800 --> 00:49:55,520 though I, I, I could probably rant for like an hour about what 989 00:49:55,520 --> 00:49:58,400 Beautyon was saying, but I'm, I'm, I'm going to avoid that one 990 00:49:58,400 --> 00:50:01,680 because I, I love Beautyon ANYWAYS, kind of echoing what 991 00:50:01,680 --> 00:50:04,080 Taylor was saying and actually you kind of asked like a 992 00:50:04,080 --> 00:50:08,200 rhetorical question, Nico. And every time I see a 993 00:50:08,200 --> 00:50:11,560 government or, you know, a banker or politician basically 994 00:50:11,560 --> 00:50:15,360 fight Bitcoin or say, like, you know, we need, we need 995 00:50:15,360 --> 00:50:18,000 custodians to hold the Bitcoin and you guys shouldn't be able 996 00:50:18,000 --> 00:50:19,960 to take your private keys into custody. 997 00:50:20,240 --> 00:50:23,360 I always hear one thing and it's just the hubris coming out of 998 00:50:23,360 --> 00:50:25,960 their mouths basically saying like, you're too dumb to control 999 00:50:25,960 --> 00:50:28,440 your own money. Trust us, bro, Like we know how 1000 00:50:28,440 --> 00:50:31,360 to control your money better. And it's always feels like a 1001 00:50:31,360 --> 00:50:34,760 slap in the face every time I, I, I see stuff and narratives 1002 00:50:34,760 --> 00:50:39,480 and, and rhetoric on that, that vein, because it's really not 1003 00:50:39,480 --> 00:50:42,040 that difficult. Like it, if you can remember a 1004 00:50:42,120 --> 00:50:44,400 phone number, if you can send an e-mail, like you can take your 1005 00:50:44,400 --> 00:50:46,760 Bitcoin into custody. Yes, there's risks that come 1006 00:50:46,760 --> 00:50:51,680 along with it, but you know, when you seek freedom, there is 1007 00:50:51,720 --> 00:50:54,200 always going to be risk. And This is why we're in the 1008 00:50:54,200 --> 00:50:57,280 position we're in right now is because everyone has to come to 1009 00:50:57,280 --> 00:50:59,840 the idea of the nanny state that, Oh, there's always someone 1010 00:50:59,840 --> 00:51:02,600 to protect you versus taking personal sovereignty. 1011 00:51:02,760 --> 00:51:06,480 So anytime I see any legislation, any kind of 1012 00:51:06,480 --> 00:51:11,080 whatever bills or, or even just, you know, propaganda in this 1013 00:51:11,080 --> 00:51:14,320 vein, I'm always just like mad. They literally think they're 1014 00:51:14,320 --> 00:51:15,840 better than us. Like they literally think you're 1015 00:51:15,840 --> 00:51:18,240 stupid and that you can't control your own wealth. 1016 00:51:18,240 --> 00:51:20,440 And this is the stuff that gets me riled up. 1017 00:51:20,440 --> 00:51:24,600 It's like, no, if an 80 IQ Bitcoiner like myself can hold 1018 00:51:24,600 --> 00:51:28,480 Bitcoin and take the keys into cold storage, like anyone can do 1019 00:51:28,480 --> 00:51:30,200 it. And the more they tell us that 1020 00:51:30,200 --> 00:51:33,240 it's hard and it's unsafe, it's the, the more I want it. 1021 00:51:33,240 --> 00:51:35,920 Like I don't want the the bumper. 1022 00:51:36,600 --> 00:51:39,920 What's the thing the bumper lanes from bowling in regards to 1023 00:51:39,920 --> 00:51:41,640 my money. Because that's why we're in the 1024 00:51:41,640 --> 00:51:43,880 position we are right now where they can shut you off the 1025 00:51:43,880 --> 00:51:46,720 banking system, they can cast you off into the wilderness is 1026 00:51:46,720 --> 00:51:49,840 because they have so much control over the money and so 1027 00:51:49,840 --> 00:51:52,320 much control over the society and of course, so much control 1028 00:51:52,320 --> 00:51:55,800 over people's mind share where they're like, you can't do this. 1029 00:51:55,800 --> 00:52:00,480 Trust us, bro, we got this. And really what I want to say to 1030 00:52:00,480 --> 00:52:02,920 the EU is just a simple have fun staying poor. 1031 00:52:02,920 --> 00:52:05,680 Like they just continue to shoot themselves in the foot. 1032 00:52:05,960 --> 00:52:10,000 It's almost most incredible how bad all the legislation coming 1033 00:52:10,000 --> 00:52:12,200 out of the EU is regarding Bitcoin. 1034 00:52:12,480 --> 00:52:16,240 And they, they just, again, whenever I see stuff like this, 1035 00:52:16,240 --> 00:52:18,400 I'm always just thinking like, man, these politicians and these 1036 00:52:18,400 --> 00:52:20,120 bankers really just want to destroy Europe. 1037 00:52:20,120 --> 00:52:23,800 Like I know you're here to protect us, but they, they're 1038 00:52:23,800 --> 00:52:26,400 just constantly working against their citizens. 1039 00:52:26,400 --> 00:52:27,960 And it's, it's almost mind blowing. 1040 00:52:28,320 --> 00:52:33,040 And it really goes back to the last point of beauty on 21 rules 1041 00:52:33,040 --> 00:52:35,400 for Bitcoin. And it's the idea that the state 1042 00:52:35,400 --> 00:52:37,600 makes everything worse. Guys, I don't know. 1043 00:52:37,640 --> 00:52:39,800 I don't know what example we can bring. 1044 00:52:39,800 --> 00:52:42,480 There's plenty of them. But anytime the state gets 1045 00:52:42,480 --> 00:52:44,200 involved, did they make things worse? 1046 00:52:44,200 --> 00:52:46,000 Because they're not out here to protect you. 1047 00:52:46,200 --> 00:52:48,600 All they're doing is trying to stuff their own pockets. 1048 00:52:48,600 --> 00:52:52,600 So as Beauty on said, you know, neuter the state, let the hate 1049 00:52:52,600 --> 00:52:54,920 flow. Make sure you understand what is 1050 00:52:54,920 --> 00:52:56,640 going on and the state hates you. 1051 00:52:56,640 --> 00:52:58,080 It is what's that? What's that mean? 1052 00:52:58,360 --> 00:53:02,240 It's not rest red versus blue. It is orange and it's the state 1053 00:53:02,440 --> 00:53:04,480 and it hates you. No, it's you. 1054 00:53:04,520 --> 00:53:06,880 You guys know it's it's you versus the state and the state 1055 00:53:06,880 --> 00:53:08,360 hates you. All that good stuff. 1056 00:53:08,360 --> 00:53:09,960 But this is what we want to do here. 1057 00:53:09,960 --> 00:53:11,680 You want to take back personal sovereignty. 1058 00:53:12,040 --> 00:53:14,360 And the more they try to bubble wrap the world, the more they 1059 00:53:14,360 --> 00:53:17,240 try to bubble wrap Bitcoin, the more I know I'm in the right 1060 00:53:17,240 --> 00:53:19,440 place and I'm like, I, I don't need your protection. 1061 00:53:19,440 --> 00:53:21,160 I, I'm OK. I'm an adult. 1062 00:53:21,320 --> 00:53:22,840 Yes. I might not be the brightest, 1063 00:53:22,840 --> 00:53:25,480 but I can control my own wealth. Thank you very much. 1064 00:53:25,480 --> 00:53:27,560 You guys got us in this position in the first place. 1065 00:53:28,080 --> 00:53:29,920 Yeah, I mean, I think the state doesn't want to lose control. 1066 00:53:29,920 --> 00:53:33,360 They've gotten a lot more over the past 40 years with digital, 1067 00:53:33,360 --> 00:53:35,320 like U.S. dollar transfers, right? 1068 00:53:35,480 --> 00:53:37,920 Like people used to sort of hold like physical stock certificates 1069 00:53:37,920 --> 00:53:39,880 or physical bonds or physical gold. 1070 00:53:40,560 --> 00:53:42,360 And I think as things have gotten digitized, the 1071 00:53:42,360 --> 00:53:44,920 government, just, the state ended up with a lot more control 1072 00:53:44,920 --> 00:53:47,240 because everything was digital. And so now they're they're 1073 00:53:47,240 --> 00:53:50,600 finally seeing alternatives. And, you know, they're not super 1074 00:53:50,600 --> 00:53:52,960 happy about losing control. They've had it and they don't 1075 00:53:52,960 --> 00:53:55,160 want to lose it. It boils down to that. 1076 00:53:55,160 --> 00:53:58,880 And I, I just, I, I, I hate how they hate the strong word, but I 1077 00:53:59,000 --> 00:54:02,680 just, I strongly dislike how they try to gasp and just be 1078 00:54:02,680 --> 00:54:07,440 like, Oh, it's for your protection versus like we tried 1079 00:54:07,440 --> 00:54:10,160 that for many years. Like you guys have totally 1080 00:54:10,160 --> 00:54:13,120 abused that trust. And now like they're, they're 1081 00:54:13,120 --> 00:54:15,480 coping and they're basically, oh, it's going to require 1082 00:54:15,480 --> 00:54:18,280 responsibility and you might lose your stuff. 1083 00:54:18,280 --> 00:54:20,160 And like, you know, they're telling you all these things, 1084 00:54:20,160 --> 00:54:22,200 but I, I'm sorry, I just, I don't trust them. 1085 00:54:22,200 --> 00:54:24,760 Or anyways, I do want to give a shout out to. 1086 00:54:24,960 --> 00:54:28,400 And by the way, guys, and, and I know the reaction of a lot of 1087 00:54:28,400 --> 00:54:30,320 our viewers would be like, Nico, what are you talking about? 1088 00:54:30,320 --> 00:54:32,480 Like the banking system has been relatively stable. 1089 00:54:32,480 --> 00:54:36,520 OK, So what I, what I would respond to that is like you, OK, 1090 00:54:36,520 --> 00:54:38,360 Congrats. You have a country that has a 1091 00:54:38,360 --> 00:54:40,760 relatively stable financial system. 1092 00:54:41,080 --> 00:54:44,280 The vast majority of the world doesn't have that privilege, 1093 00:54:44,720 --> 00:54:48,600 right? So of course we live closest to 1094 00:54:49,160 --> 00:54:51,320 the money printer. Like if you live in the US or 1095 00:54:51,320 --> 00:54:53,480 you live in the Western world, you have a relatively stable 1096 00:54:53,760 --> 00:54:56,200 Fiat currency. And because it's relatively 1097 00:54:56,200 --> 00:55:00,360 stable, you know, they're able to kind of do the shenanigans in 1098 00:55:00,360 --> 00:55:02,880 the background. And you know, things are they 1099 00:55:02,880 --> 00:55:05,520 give the appearance that it's stable until it's not, right? 1100 00:55:06,040 --> 00:55:08,160 With Bitcoin, it doesn't matter where you are. 1101 00:55:08,160 --> 00:55:12,480 You can now earn in a, in a, in a currency that's not only 1102 00:55:12,480 --> 00:55:14,600 stable, but it's going to go up. And you know, it goes up in 1103 00:55:14,600 --> 00:55:16,200 value. It's Infinity divided by 21 1104 00:55:16,200 --> 00:55:18,640 million anyways, I don't wanna give a shout out to the orange 1105 00:55:18,640 --> 00:55:20,400 pal app stack friends who stacks that's. 1106 00:55:20,400 --> 00:55:23,800 One of our sponsors join the 10,826 bitcoins that are 1107 00:55:23,800 --> 00:55:26,360 currently on the app has a really cool geographical 1108 00:55:26,360 --> 00:55:27,840 feature. So if you're traveling, if you 1109 00:55:27,840 --> 00:55:31,160 move to a new city, it will show the bitcoiners that are near 1110 00:55:32,560 --> 00:55:38,160 you. If it also has a clever 1111 00:55:38,160 --> 00:55:41,200 filtration system, so you'll only find fellow bit corners in 1112 00:55:41,200 --> 00:55:43,040 the app. It's one of the best ways to 1113 00:55:43,040 --> 00:55:45,840 reach me directly. You could send me Adm via the 1114 00:55:45,840 --> 00:55:47,600 orange pull up. It's one of the fastest and 1115 00:55:47,600 --> 00:55:49,720 quickest ways to get me to reach me. 1116 00:55:49,960 --> 00:55:52,240 So guys, download the orange pull up today. 1117 00:55:52,240 --> 00:55:55,320 Stack friends who stack sats. It's incredibly awesome 1118 00:55:55,320 --> 00:55:56,640 application. All right, everybody, let's hit 1119 00:55:56,640 --> 00:56:02,200 the culture and talk to Taylor. The daily culture. 1120 00:56:07,880 --> 00:56:11,280 All right, everybody, the most trusted place to buy and sell 1121 00:56:11,320 --> 00:56:14,440 host mining equipment. Check out our sponsor Kaboom 1122 00:56:14,480 --> 00:56:16,120 Racks. You can scan the QR code. 1123 00:56:16,120 --> 00:56:18,440 It'll take you directly to the Kaboom Racks Telegram 1124 00:56:18,440 --> 00:56:20,040 Marketplace where you can connect with a member of the 1125 00:56:20,040 --> 00:56:21,360 sales team. They make purchasing their 1126 00:56:21,360 --> 00:56:24,040 products easy and transparent. You could also sell your mining 1127 00:56:24,040 --> 00:56:26,400 equipment with them. Access their vast network of 1128 00:56:26,400 --> 00:56:29,040 domestic and international customers when you sell your 1129 00:56:29,040 --> 00:56:30,760 mining equipment with Kaboom Racks. 1130 00:56:31,120 --> 00:56:33,600 So again, scan the QR code. Check the link in the video 1131 00:56:33,600 --> 00:56:36,760 description to get started. This is where I personally buy 1132 00:56:36,760 --> 00:56:42,640 my Bitcoin mining A6 Opti. Yeah, okay, perfect. 1133 00:56:42,840 --> 00:56:47,960 All right, So Taylor, we, we teed this up before the show and 1134 00:56:47,960 --> 00:56:50,240 I knew we were gonna get the question in the chat. 1135 00:56:50,240 --> 00:56:53,520 So teeing you up perfectly from the chat, we got Mateo and he 1136 00:56:53,520 --> 00:56:55,280 goes. Can you guys go deeper into 1137 00:56:55,280 --> 00:56:56,920 nodes? Many people still don't know 1138 00:56:56,920 --> 00:56:59,360 everything you can do with a node and how sovereign you 1139 00:56:59,360 --> 00:57:02,640 actually become. So I guess let's just start, 1140 00:57:02,640 --> 00:57:05,000 we'll start with the basics. Why do people need to run a 1141 00:57:05,000 --> 00:57:06,520 node? Or rather, why do you think they 1142 00:57:06,520 --> 00:57:08,200 should run a node? Yeah, absolutely. 1143 00:57:08,200 --> 00:57:11,640 I think the best way for me to describe it is a node is a 1144 00:57:11,680 --> 00:57:13,440 direct connection to the Bitcoin network. 1145 00:57:14,400 --> 00:57:17,400 And starting from there, you can build on top of it and build so 1146 00:57:17,400 --> 00:57:20,160 much further, but it's your direct connection to Bitcoin. 1147 00:57:20,520 --> 00:57:23,680 Early on, everyone that ran Bitcoin Core as their wallet had 1148 00:57:23,680 --> 00:57:26,240 that. But as the blockchain has gotten 1149 00:57:26,240 --> 00:57:29,320 larger, it's not as feasible for everyone to run a full node just 1150 00:57:29,320 --> 00:57:31,280 on their PC. You can't just download Bitcoin 1151 00:57:31,280 --> 00:57:33,840 Core and in 10 minutes be up and running with a Bitcoin wallet. 1152 00:57:34,200 --> 00:57:36,840 So it's a little more challenging now that that and it 1153 00:57:36,840 --> 00:57:39,560 it, there's a little bit more responsibility, I guess, with 1154 00:57:40,360 --> 00:57:44,640 running a full node and being able to transact without the use 1155 00:57:44,640 --> 00:57:47,320 of a third party. So starting with that, like 1156 00:57:47,320 --> 00:57:49,480 direct connection to the Bitcoin network, that used to be easy. 1157 00:57:49,480 --> 00:57:51,560 It's a little more challenging. So you have to kind of run a 1158 00:57:51,560 --> 00:57:55,400 node and most people choose to run it on a separate small, like 1159 00:57:55,760 --> 00:57:58,200 tiny PC or a Raspberry Pi or something like that. 1160 00:57:58,640 --> 00:58:00,680 They can start with that and then connect all the other 1161 00:58:00,680 --> 00:58:02,480 Bitcoin wallets they have to that. 1162 00:58:02,680 --> 00:58:05,760 So it could be, you know, a Lightning wallet that's on your 1163 00:58:05,760 --> 00:58:07,160 phone. It could be a Lightning wallet 1164 00:58:07,160 --> 00:58:10,120 or a Electrum on your PC. They all connect back to your 1165 00:58:10,120 --> 00:58:14,080 node and that way that node can power all of the Bitcoin wallets 1166 00:58:14,080 --> 00:58:17,840 that you might want to be using. And so now all of those 1167 00:58:17,840 --> 00:58:20,680 transactions, all of those funds are not going through a third 1168 00:58:20,680 --> 00:58:25,240 party that can, you know, either shut it down or just just 1169 00:58:25,240 --> 00:58:28,760 monitor the transaction. You don't want people monitoring 1170 00:58:28,760 --> 00:58:30,960 all those transactions. Like I said earlier, you don't 1171 00:58:30,960 --> 00:58:34,200 really want to provide visibility and like no sane 1172 00:58:34,200 --> 00:58:36,920 person wants everyone in the world to be able to like just 1173 00:58:36,920 --> 00:58:38,840 look at their checking account, savings account, whatever they 1174 00:58:38,840 --> 00:58:41,160 have every day. People would feel like that's an 1175 00:58:41,160 --> 00:58:42,760 invasion of privacy, which it would be. 1176 00:58:43,040 --> 00:58:45,720 And so to be able to get those advantages with Bitcoin, you 1177 00:58:45,720 --> 00:58:49,360 have to do a little bit of work. You need to not keep your 1178 00:58:49,360 --> 00:58:53,760 Bitcoin on an exchange, first of all, and second, run a node and 1179 00:58:53,760 --> 00:58:56,000 then have all of your transactions and wallets be 1180 00:58:56,000 --> 00:58:58,360 connected to that for for transacting. 1181 00:58:58,880 --> 00:59:02,800 And so I think a lot of people have gotten better about this 1182 00:59:02,800 --> 00:59:04,920 over time. But even back in the day, a lot 1183 00:59:04,920 --> 00:59:06,920 of people would be like, well, I'll just run Electrum and I'll 1184 00:59:06,920 --> 00:59:10,880 connect to some public Electrum servers out there, but you're 1185 00:59:10,880 --> 00:59:12,600 losing a little bit of privacy when you do that. 1186 00:59:12,680 --> 00:59:14,920 And two, there have been issues in the past. 1187 00:59:15,000 --> 00:59:19,160 It was maybe six years ago now, but I mean, there was a an issue 1188 00:59:19,160 --> 00:59:22,480 where you could actually get tricked into losing funds by 1189 00:59:22,480 --> 00:59:24,520 relying on these public Electron servers. 1190 00:59:24,520 --> 00:59:27,040 And people thought that was safe because hey, it's, it's a 1191 00:59:27,040 --> 00:59:29,400 Bitcoin connection. You're not, you're not really 1192 00:59:29,400 --> 00:59:31,840 going through a third party sort of they, they didn't see it that 1193 00:59:31,840 --> 00:59:33,960 way. And so they realized that 1194 00:59:33,960 --> 00:59:36,760 malicious Electron servers could actually respond back with an 1195 00:59:36,760 --> 00:59:38,560 error code that said, hey, you're out of date. 1196 00:59:38,720 --> 00:59:41,880 Click here and go download a new version of Electron. 1197 00:59:42,200 --> 00:59:44,280 And people would click that link, but it was a bad link to a 1198 00:59:44,280 --> 00:59:47,600 malicious server. And so I think that, and that 1199 00:59:47,680 --> 00:59:51,960 was because of trusting public nodes, Electrum servers that 1200 00:59:51,960 --> 00:59:54,680 were out there, because you had been trusting them, they were 1201 00:59:54,680 --> 00:59:57,920 able to respond to you with bad, bad information and it tricked 1202 00:59:57,920 --> 01:00:02,520 people into downloading the, the infected wallet and people lost 1203 01:00:02,520 --> 01:00:05,440 funds because of it. So I think that just highlight, 1204 01:00:05,440 --> 01:00:07,360 it's been a long time since that issue, but it highlights the 1205 01:00:07,360 --> 01:00:10,040 importance of you want to know what you're running, you want to 1206 01:00:10,040 --> 01:00:13,160 understand the code you're running by going with, you know. 1207 01:00:14,000 --> 01:00:16,760 Your own node and you can look at what versions of code are on 1208 01:00:16,760 --> 01:00:18,080 there. You can audit it, you can go 1209 01:00:18,080 --> 01:00:21,640 look at what's running and really understand it and then 1210 01:00:21,640 --> 01:00:23,880 you know you're you're in control at that point, you're 1211 01:00:23,880 --> 01:00:27,000 not sort of just placing your trust in the hands of someone 1212 01:00:27,000 --> 01:00:30,760 else and you know you can be in a little bit more control beyond 1213 01:00:30,760 --> 01:00:33,160 that, other advantages are you can start running all kinds of 1214 01:00:33,160 --> 01:00:35,480 other really cool applications and I think that was a big 1215 01:00:35,480 --> 01:00:38,200 reason people started liking my node originally. 1216 01:00:39,000 --> 01:00:41,760 You, you got Bitcoin Core and you got Lightning, but beyond 1217 01:00:41,760 --> 01:00:44,520 that, there's so much stuff out there that people can do with 1218 01:00:44,520 --> 01:00:47,720 Bitcoin. There's, you know, 40-50 1219 01:00:47,760 --> 01:00:50,080 hundreds of apps at this point probably that you can run that 1220 01:00:50,080 --> 01:00:51,800 tie in really closely with your node. 1221 01:00:52,120 --> 01:00:54,760 They could be lightning wallets, they could be block explorers, 1222 01:00:54,760 --> 01:00:57,800 they could be all these other things that, you know, you can 1223 01:00:57,800 --> 01:00:59,360 run and I think people were interested in. 1224 01:00:59,640 --> 01:01:03,560 But early on, a lot of people in Bitcoin were, you know, computer 1225 01:01:03,560 --> 01:01:06,160 science engineers and they could go run it themselves. 1226 01:01:06,360 --> 01:01:09,320 But as Bitcoin started expanding to more and more people, the 1227 01:01:09,320 --> 01:01:11,840 advantages of all those apps were apparent to people who 1228 01:01:11,840 --> 01:01:14,320 weren't engineers. And so I think a big reason 1229 01:01:14,320 --> 01:01:17,080 people started getting into my note early on was because they 1230 01:01:17,080 --> 01:01:20,640 saw this value that they didn't want to go spend hours and days 1231 01:01:20,640 --> 01:01:24,640 and tons and tons of time tweaking all the settings and 1232 01:01:24,640 --> 01:01:27,040 installing and manually running every little app that they 1233 01:01:27,040 --> 01:01:29,880 wanted to run. And so you can just kind of get 1234 01:01:29,880 --> 01:01:31,640 it all in a package. And from there, you can kind of 1235 01:01:31,640 --> 01:01:35,320 find what your interests are. You can, you know, get into, I 1236 01:01:35,320 --> 01:01:38,960 don't know, like looking at block explorers or doing more 1237 01:01:38,960 --> 01:01:42,560 advanced things with lightning that that you might want to get 1238 01:01:42,560 --> 01:01:44,960 into. And so I think my, my node 1239 01:01:44,960 --> 01:01:48,480 provides just a fantastic platform for sort of being that 1240 01:01:48,480 --> 01:01:50,760 starting point and getting you into Bitcoin and getting you 1241 01:01:50,760 --> 01:01:53,520 into Bitcoin quickly so that you don't have to go spend, you 1242 01:01:53,520 --> 01:01:56,600 know, a couple years of learning about engineering before you can 1243 01:01:56,600 --> 01:01:58,760 really start getting into Bitcoin because your goal is to 1244 01:01:58,760 --> 01:02:01,040 get into Bitcoin. And so we wanted to make sure 1245 01:02:01,040 --> 01:02:04,000 that it was really easy for people to do Bitcoin stuff 1246 01:02:04,000 --> 01:02:07,120 without having to also be an engineer and understand computer 1247 01:02:07,120 --> 01:02:09,520 science and programming and how to set all this up. 1248 01:02:09,520 --> 01:02:12,960 And and so we wanted to provide that value to large groups of 1249 01:02:12,960 --> 01:02:14,920 people and make it as easy as possible. 1250 01:02:15,640 --> 01:02:16,760 Love it, love it. OK. 1251 01:02:17,000 --> 01:02:20,040 Taylor, can we talk on the idea that we were chatting about 1252 01:02:20,040 --> 01:02:23,520 before the show that you are kind of framing it like there's 1253 01:02:23,520 --> 01:02:27,000 levels to becoming a Bitcoiner and like taking those baby 1254 01:02:27,000 --> 01:02:30,320 steps. And maybe if you're just getting 1255 01:02:30,320 --> 01:02:33,080 in the Bitcoin, you probably don't want to run out and buy a 1256 01:02:33,080 --> 01:02:35,560 node right now. Maybe there's some baby steps to 1257 01:02:35,560 --> 01:02:39,040 go to that process. But the final stage is run your 1258 01:02:39,040 --> 01:02:41,680 own node, take Bitcoin into custody and all that good stuff. 1259 01:02:41,680 --> 01:02:43,120 So will you elaborate a little more? 1260 01:02:43,320 --> 01:02:46,320 Yeah, absolutely, absolutely. And so I think that a lot of 1261 01:02:46,320 --> 01:02:49,360 people get into Bitcoin and they just hear about it and they 1262 01:02:49,360 --> 01:02:50,840 might start doing a little bit of research. 1263 01:02:50,840 --> 01:02:52,640 And that's sort of what I consider the first level. 1264 01:02:53,600 --> 01:02:56,200 The the next level is when people sort of realize they want 1265 01:02:56,200 --> 01:02:59,560 to buy, they run off to an exchange and they go just click 1266 01:02:59,560 --> 01:03:03,080 buy and they have a little bit of Bitcoin and they're primarily 1267 01:03:03,080 --> 01:03:06,680 into it because they see, you know, the US dollar number and 1268 01:03:06,680 --> 01:03:08,200 it, you know, it's going up and it's increasing. 1269 01:03:08,200 --> 01:03:09,880 And that's sort of the second level. 1270 01:03:10,120 --> 01:03:11,960 People have Bitcoin, but it's on an exchange. 1271 01:03:12,360 --> 01:03:15,880 The third level is they realize, hey, like there are some real 1272 01:03:15,880 --> 01:03:19,320 advantages to Bitcoin behind the scenes that isn't just about 1273 01:03:19,320 --> 01:03:21,400 making more money. It's about sort of taking 1274 01:03:21,400 --> 01:03:22,680 control. It was what we were talking 1275 01:03:22,680 --> 01:03:24,440 about sort of in the last segment. 1276 01:03:24,760 --> 01:03:27,560 It's about taking control of your money and sort of it being 1277 01:03:27,560 --> 01:03:29,480 something that is really truly yours. 1278 01:03:29,480 --> 01:03:30,920 You're not relying on third parties. 1279 01:03:30,920 --> 01:03:34,680 It is your savings. And it can't be inflated away. 1280 01:03:34,680 --> 01:03:37,400 It can't be, you know, someone can't just go click a button and 1281 01:03:37,600 --> 01:03:39,640 print 10 million more Bitcoin one day. 1282 01:03:40,200 --> 01:03:42,520 And I think that's the situation most people live in with their 1283 01:03:42,520 --> 01:03:44,880 Fiat currency. They can be in a situation 1284 01:03:44,880 --> 01:03:47,200 where, you know, they're in a or in a country where they're 1285 01:03:47,200 --> 01:03:50,600 experiencing hyperinflation and it's just awful for the people 1286 01:03:50,600 --> 01:03:52,600 in that country. And so Bitcoin provides a really 1287 01:03:52,600 --> 01:03:55,040 good alternative for them to be able to save money. 1288 01:03:56,080 --> 01:04:01,360 And so people can can get that Bitcoin on an exchange. 1289 01:04:01,920 --> 01:04:04,600 But then I think the next level beyond that is really where you 1290 01:04:04,600 --> 01:04:07,840 start seeing the value and you can provide advantages in like I 1291 01:04:07,840 --> 01:04:11,560 think in Kathy Woods example, the what was it like? 1292 01:04:12,760 --> 01:04:15,200 They're sort of like other emerging market sort of 1293 01:04:15,200 --> 01:04:17,000 currencies. I think that was, that was kind 1294 01:04:17,000 --> 01:04:19,320 of the one I was talking about where it can really start 1295 01:04:19,320 --> 01:04:21,240 helping people in these like emerging markets. 1296 01:04:22,160 --> 01:04:25,640 But in a lot of those cases, they need to be able to have 1297 01:04:25,640 --> 01:04:27,120 control of their Bitcoin themselves. 1298 01:04:27,360 --> 01:04:29,840 Because in, in some of those countries, Bitcoin might not be 1299 01:04:29,840 --> 01:04:32,240 legal right now. And I've heard stories, you 1300 01:04:32,240 --> 01:04:34,520 know, of people, they'll start running a small minor and even 1301 01:04:34,520 --> 01:04:37,440 if it's making, you know, $0.50 a day or a dollar a day or 1302 01:04:37,440 --> 01:04:40,120 whatever it was five or six years ago, that's a lot more 1303 01:04:40,120 --> 01:04:43,320 money and a lot more purchasing power than they could be getting 1304 01:04:43,320 --> 01:04:45,280 with their Fiat currency while they're experiencing 1305 01:04:45,280 --> 01:04:47,880 hyperinflation. So, you know, Bitcoin is 1306 01:04:47,880 --> 01:04:50,920 providing alternatives, like real alternatives to people in a 1307 01:04:50,920 --> 01:04:53,280 lot of these emerging markets. And I think that's fantastic to 1308 01:04:53,280 --> 01:04:55,000 see. It's amazing to see what, what 1309 01:04:55,000 --> 01:04:58,160 Bitcoin is able to do in, in helping people that are 1310 01:04:58,160 --> 01:05:00,240 experiencing like financial problems. 1311 01:05:01,920 --> 01:05:04,280 And then right beyond that, though, once you have cold 1312 01:05:04,280 --> 01:05:07,200 storage or control of your Bitcoin, that's when you should 1313 01:05:07,200 --> 01:05:09,920 be interested in running a node because that's when it's going 1314 01:05:09,920 --> 01:05:12,160 to provide you advantages. If Bitcoin is on an exchange, 1315 01:05:12,160 --> 01:05:14,000 running a node isn't going to provide you any advantage. 1316 01:05:14,200 --> 01:05:16,440 But once you've taken control of it and you've started learning 1317 01:05:16,440 --> 01:05:19,360 about the fundamentals of Bitcoin and why there are these 1318 01:05:19,360 --> 01:05:22,800 underlying advantages, at that point, run a node, keep going 1319 01:05:22,800 --> 01:05:25,280 further, you know, down the rabbit hole and you know, 1320 01:05:25,280 --> 01:05:26,600 there's, there's a lot more to learn there. 1321 01:05:26,600 --> 01:05:30,120 There's a lot of apps and stuff that you can run and you know 1322 01:05:30,120 --> 01:05:33,040 you can continue learning. Love it, love it. 1323 01:05:33,040 --> 01:05:35,520 OK, Taylor, let's let's talk about my node in general. 1324 01:05:35,520 --> 01:05:37,400 So we did get a few questions in the chat. 1325 01:05:37,400 --> 01:05:41,720 One was, how long does it take to sync an Electrum Rust node on 1326 01:05:41,720 --> 01:05:43,800 this? And maybe you can talk about the 1327 01:05:43,800 --> 01:05:47,800 actual hardware that's on the Model 2. 1328 01:05:48,080 --> 01:05:51,480 And then someone asked, is my node fully Foss yet? 1329 01:05:51,480 --> 01:05:54,520 So there's a lot of stuff to unpack there, but take it where 1330 01:05:54,520 --> 01:05:55,800 you want. Yeah, sure. 1331 01:05:55,800 --> 01:05:57,640 So I'll start, I'll start with the products. 1332 01:05:58,160 --> 01:06:00,160 So we have two products right now. 1333 01:06:00,160 --> 01:06:03,680 We have the physical model 2. That's everything you need. 1334 01:06:03,720 --> 01:06:06,760 You'll get it shipped to you, you know, buy that and you'll be 1335 01:06:06,760 --> 01:06:10,200 up and running. Then we have a premium which 1336 01:06:10,200 --> 01:06:14,000 would be software only. And so you can buy minor premium 1337 01:06:14,000 --> 01:06:16,480 for $99. Right now we have a sale going 1338 01:06:16,480 --> 01:06:19,600 on, I think it's $15 off and it that goes through the rest of 1339 01:06:19,600 --> 01:06:23,280 the weekend. If you you'd have to click on 1340 01:06:24,040 --> 01:06:25,800 buy now and then you'll probably see the sale price. 1341 01:06:26,120 --> 01:06:29,240 But with the premium software you can buy, you can build your 1342 01:06:29,240 --> 01:06:30,600 own device. You can build it on whatever you 1343 01:06:30,600 --> 01:06:32,720 want. It can be a Raspberry Pi four or 1344 01:06:32,720 --> 01:06:35,600 Raspberry Pi five. You know an old laptop, you can 1345 01:06:35,600 --> 01:06:37,480 run it on a server, you can run it on APC. 1346 01:06:37,480 --> 01:06:40,280 There's a lot of flexibility in how you run it and you can get 1347 01:06:40,280 --> 01:06:41,800 started for free. You don't you don't have to 1348 01:06:41,800 --> 01:06:44,160 purchase the software if you want to try it out, download the 1349 01:06:44,160 --> 01:06:47,400 software, install it, get up and running, decide you like it and 1350 01:06:47,400 --> 01:06:51,960 then upgrade to premium to get access to support and get access 1351 01:06:51,960 --> 01:06:55,600 to a few extra additional apps that are, you know, within the 1352 01:06:55,640 --> 01:06:58,040 the software. But if if you're looking to just 1353 01:06:58,040 --> 01:07:01,240 get up and running as fast as you can, then, you know, buy the 1354 01:07:01,240 --> 01:07:04,960 model 2 and that you can plug it in and use your web browser on 1355 01:07:04,960 --> 01:07:07,880 your PC to access the interface and you'll be up and running 1356 01:07:08,360 --> 01:07:10,360 without having to go assemble everything yourself. 1357 01:07:10,720 --> 01:07:14,360 So those are kind of the two options there on fully Foss. 1358 01:07:14,480 --> 01:07:16,760 Not yet. Right now there's basically 1359 01:07:16,760 --> 01:07:19,560 still a restriction that you can't resell it, but other than 1360 01:07:19,560 --> 01:07:24,040 that, do what you want, but you can't take it and resell it as 1361 01:07:24,040 --> 01:07:25,640 effectively what the license is currently. 1362 01:07:26,160 --> 01:07:27,760 We've looked at changing that. We might change it. 1363 01:07:27,760 --> 01:07:31,120 We probably will at some point in the future, but as of right 1364 01:07:31,120 --> 01:07:34,960 now it's basically a do what you want except resell. 1365 01:07:35,880 --> 01:07:38,200 And then I think there was a question on how long it takes. 1366 01:07:38,200 --> 01:07:40,880 To yeah, yeah. So you can add that with, like 1367 01:07:40,880 --> 01:07:43,320 we were talking with Nico before the show, that it's no longer 1368 01:07:43,320 --> 01:07:46,760 running on a Raspberry Pi. You got a new Intel chip. 1369 01:07:46,760 --> 01:07:50,200 So what's that do for the specs of running the node? 1370 01:07:50,200 --> 01:07:52,160 And then how long does it take to sync a node? 1371 01:07:52,160 --> 01:07:54,480 Because someone in the chat's like man I'm I'm losing my hair 1372 01:07:54,480 --> 01:07:57,440 right now syncing another node. Yeah, So absolutely, that's a 1373 01:07:57,520 --> 01:08:00,280 that's a really good question. So I think there's a few 1374 01:08:00,280 --> 01:08:02,200 different sync stages. They're syncing just the 1375 01:08:02,200 --> 01:08:04,600 Electrum server part, which is a little faster than they're 1376 01:08:04,600 --> 01:08:08,200 syncing the whole Bitcoin blockchain, The Raspberry Pi 4, 1377 01:08:08,200 --> 01:08:11,320 which is still probably the most popular, but only because that 1378 01:08:11,320 --> 01:08:14,080 was around the longest. The most users are running 1379 01:08:14,080 --> 01:08:16,319 Raspberry Pi Four, I think is probably the way I should say 1380 01:08:16,319 --> 01:08:18,120 it. That probably takes like a week 1381 01:08:18,120 --> 01:08:20,960 now in an optimal network environment to sync. 1382 01:08:20,960 --> 01:08:22,720 It's not, it's not quick anymore. 1383 01:08:23,080 --> 01:08:25,319 So our hardware has shifted away from the Raspberry Pi. 1384 01:08:25,319 --> 01:08:27,560 We no longer sell Raspberry Pi 4 based device. 1385 01:08:27,560 --> 01:08:29,000 That was what we called the Model one. 1386 01:08:29,359 --> 01:08:31,720 Now we only sell the Model 2, which is an Intel based 1387 01:08:31,720 --> 01:08:33,600 platform. It's a lot faster. 1388 01:08:33,600 --> 01:08:36,520 I think it was about five times faster when we had measured it 1389 01:08:36,520 --> 01:08:39,800 and we're first releasing it and it can sync in about a day. 1390 01:08:40,160 --> 01:08:42,399 That does depend on your network, though, and sort of 1391 01:08:42,399 --> 01:08:45,120 the, the peers that you end up getting when you when you start 1392 01:08:45,120 --> 01:08:47,319 syncing. So if you sync over Tor, that 1393 01:08:47,319 --> 01:08:49,240 might go a little slower. If you have a really good 1394 01:08:49,240 --> 01:08:51,880 Internet connection and you sync over, you know, clear net, just 1395 01:08:51,880 --> 01:08:56,040 your normal like IP network, that will that can take about 1396 01:08:56,040 --> 01:09:00,080 like 24 to 36 hours. But again, it can depend on like 1397 01:09:00,080 --> 01:09:02,840 your, your network and how it's set up, but it's much, much 1398 01:09:02,840 --> 01:09:04,960 faster. And then in terms of syncing 1399 01:09:04,960 --> 01:09:08,439 Electron server, that sync happens after Bitcoin sync has 1400 01:09:08,439 --> 01:09:11,479 completed and it, it starts once you enable electron server. 1401 01:09:11,960 --> 01:09:15,520 And on a, a Raspberry Pi four, that would take like a, a a day 1402 01:09:15,520 --> 01:09:17,000 or two. Now I think would probably be 1403 01:09:17,000 --> 01:09:20,720 about the time I haven't tested recently, but on a faster like 1404 01:09:20,720 --> 01:09:23,600 the Intel based Model 2 we have, that should happen like probably 1405 01:09:23,600 --> 01:09:27,720 in a few hours. It's drastically faster on some 1406 01:09:27,720 --> 01:09:30,479 of the newer, more powerful hardware like the Model 2 that 1407 01:09:30,479 --> 01:09:34,160 we sell. Love it, absolutely love it. 1408 01:09:34,319 --> 01:09:37,720 Someone in the chat was saying they asked about the team and 1409 01:09:37,720 --> 01:09:39,680 and I told him in the chat, it's basically just you and they're 1410 01:09:39,680 --> 01:09:41,080 like, he deserves a Bitcoin for this. 1411 01:09:41,080 --> 01:09:46,120 So kudos to you bro. And then for for the audience, I 1412 01:09:46,120 --> 01:09:47,760 always are rather sorry for our guest. 1413 01:09:47,760 --> 01:09:51,080 I always ask you, what's the last two sets you want to leave 1414 01:09:51,080 --> 01:09:52,520 for the audience? What's the last message? 1415 01:09:52,520 --> 01:09:54,360 You could be about running a node, It could be a life. 1416 01:09:54,360 --> 01:09:56,920 Bitcoin in general. What's the last message you want 1417 01:09:56,920 --> 01:10:00,200 to leave? Well, I would say, you know, buy 1418 01:10:00,200 --> 01:10:02,320 Bitcoin, move it to cold storage and run a node. 1419 01:10:04,600 --> 01:10:06,840 Bars, Bars. Couldn't agree more. 1420 01:10:06,920 --> 01:10:08,840 Couldn't agree more. Yeah, man. 1421 01:10:09,360 --> 01:10:11,480 Anyways. Already got Friday we got to. 1422 01:10:11,480 --> 01:10:12,520 Get to the meme review we're going to. 1423 01:10:12,520 --> 01:10:14,240 Do it in 6 minutes we'll do it in 6 minutes. 1424 01:10:14,280 --> 01:10:17,440 Let's we're going to do 5 minute meme review bro it's click it's. 1425 01:10:17,480 --> 01:10:21,640 Click What do we OK, All right. Relate to the meeting that is 1426 01:10:21,640 --> 01:10:23,240 Opti's fault. That is not my fault. 1427 01:10:23,240 --> 01:10:25,800 All right, everybody, this is Opti's Friday meme review. 1428 01:10:25,800 --> 01:10:26,600 Let's check it out here. We. 1429 01:10:27,000 --> 01:10:37,920 Go Opti's Friday meme review. They can wait on us at the 1430 01:10:37,920 --> 01:10:38,960 meeting. All right, guys, you already 1431 01:10:38,960 --> 01:10:40,840 know that. Oh, Nico, left, left to go to 1432 01:10:40,840 --> 01:10:41,680 the meeting. OK. 1433 01:10:41,720 --> 01:10:42,560 All right. I'm here. 1434 01:10:42,560 --> 01:10:45,400 I'm here, OK. All right, guys, you already 1435 01:10:45,400 --> 01:10:47,120 know the deal. This is the Friday meme review. 1436 01:10:47,320 --> 01:10:49,480 You guys ask about it every Friday. 1437 01:10:49,480 --> 01:10:52,120 You yell at me when I don't get it on the show because we're 1438 01:10:52,120 --> 01:10:54,480 running along and we got other things going on besides the live 1439 01:10:54,480 --> 01:10:56,760 show, but you already know the deal. 1440 01:10:57,120 --> 01:10:58,880 Tweet to the bullets. Memes are the artillery. 1441 01:10:58,880 --> 01:11:02,280 You guys are frontline soldiers in the trillion dollar psyop 1442 01:11:02,280 --> 01:11:05,480 campaign against the truth. So continue to propagate the 1443 01:11:05,480 --> 01:11:08,240 memes, continue to spread the truth, continue to get the cause 1444 01:11:08,240 --> 01:11:11,280 of action out there. And then, of course, continue to 1445 01:11:11,280 --> 01:11:13,720 ridicule the corporate press, the politicians, the central 1446 01:11:13,720 --> 01:11:16,680 bankers and their ilk. And of course, if you're new 1447 01:11:16,680 --> 01:11:18,640 here, guys, we're going to review the memes. 1448 01:11:18,640 --> 01:11:22,040 And then once we review them, drop your meme review score in 1449 01:11:22,040 --> 01:11:24,160 the chat. We'll read a couple of them as 1450 01:11:24,200 --> 01:11:27,880 we wrap up the show. OK, so first one is by Bitstack 1451 01:11:27,880 --> 01:11:30,960 P and it goes, it is on hashtag Bitcoin. 1452 01:11:31,160 --> 01:11:33,120 And you can see we got a boxing match here. 1453 01:11:33,120 --> 01:11:36,480 And we got a Bitcoiner on the left with the Bitcoin gloves and 1454 01:11:36,480 --> 01:11:40,600 we got The Dirty Fiat system on the right with the green 1455 01:11:41,520 --> 01:11:44,440 stroller logo on the gloves, orange versus green guys. 1456 01:11:44,440 --> 01:11:47,040 And someone in the chat corrected me on on the meme. 1457 01:11:47,040 --> 01:11:52,640 It's it's not red versus blue. It's the state and it hates you. 1458 01:11:52,680 --> 01:11:56,200 That's the real meme. OK, this next one is by 1459 01:11:56,200 --> 01:12:00,200 excelion, AKA Sampson Mount. He goes available capital verse 1460 01:12:00,320 --> 01:12:02,120 available capital. And I absolutely love this 1461 01:12:02,120 --> 01:12:03,880 because I'm going to follow it up with another meme that's 1462 01:12:04,200 --> 01:12:06,320 really great. So you can see, you know, 1463 01:12:06,320 --> 01:12:09,280 available Bitcoin here is a little small black triangle 1464 01:12:09,280 --> 01:12:11,760 here. And we have the Bitcoin market 1465 01:12:12,000 --> 01:12:16,000 and then we have the available capital in all of the markets 1466 01:12:16,160 --> 01:12:19,960 needing to funnel into Bitcoin in the available Bitcoin on the 1467 01:12:19,960 --> 01:12:24,040 exchanges and soon to be mine Bitcoin, as we say here all the 1468 01:12:24,040 --> 01:12:27,440 time, there may not be enough Bitcoin at this price because 1469 01:12:27,440 --> 01:12:29,560 we're not going to sell, but hey, the price goes up. 1470 01:12:29,560 --> 01:12:31,760 People are going to be incentivized to sell anyways. 1471 01:12:31,760 --> 01:12:35,320 Next meme is by James Lavish. And I think this is a good 1472 01:12:35,320 --> 01:12:37,480 visual of what's going on right now. 1473 01:12:37,480 --> 01:12:42,480 We have, you know, this is the sun with what's this like a is 1474 01:12:42,480 --> 01:12:46,520 this a planet or a little, little sunspot here? 1475 01:12:46,760 --> 01:12:50,160 And it goes institutions, which is the institutional demand and 1476 01:12:50,160 --> 01:12:53,560 then Bitcoin shorts. And as you can tell, it is no 1477 01:12:53,560 --> 01:12:55,480 match for the institutional demand. 1478 01:12:55,600 --> 01:12:57,360 OK, next one. We've been talking about this 1479 01:12:57,360 --> 01:12:59,840 one on today's show, which, you know, sometimes I'm like a 1480 01:12:59,840 --> 01:13:01,200 wizard when it comes to these memes. 1481 01:13:01,200 --> 01:13:04,720 I just picked the right ones. We got AKA at BBC breakdown on 1482 01:13:04,720 --> 01:13:06,280 Twitter. And he goes, there are two kinds 1483 01:13:06,280 --> 01:13:10,280 of people, someone that is drowning in the Fiat system and 1484 01:13:10,280 --> 01:13:12,720 then us bit corners that are just floating on top, living a 1485 01:13:12,720 --> 01:13:15,560 good life, enjoying life, you know, meaning eating good, 1486 01:13:15,560 --> 01:13:17,440 getting fit, all that good stuff. 1487 01:13:17,640 --> 01:13:19,960 So next one is by Sly Goomba on Twitter. 1488 01:13:20,080 --> 01:13:21,960 And I I love this one. I'm sure you guys are seeing 1489 01:13:21,960 --> 01:13:24,320 variations of this this one on Twitter recently. 1490 01:13:24,320 --> 01:13:27,120 I don't even know where the meme originally comes from, but I'm 1491 01:13:27,120 --> 01:13:30,160 seeing a lot of them recently and Bitcoin. 1492 01:13:30,160 --> 01:13:33,760 I just go silent fiatist. A bitcoiner is talking. 1493 01:13:34,320 --> 01:13:36,720 I'm sure this is how we feel every weekend when they're like, 1494 01:13:36,720 --> 01:13:38,640 hey, did you guys? Did you guys catch the game last 1495 01:13:38,640 --> 01:13:40,720 night? Hey, that's cool bro, but like, 1496 01:13:40,720 --> 01:13:43,720 did you did you see the news about ex celebrity? 1497 01:13:43,920 --> 01:13:47,480 Anyways, next meme is by at huddle XX hold. 1498 01:13:48,200 --> 01:13:50,160 And this is for all the newbies out there. 1499 01:13:50,520 --> 01:13:53,960 Do not get sideswiped by the shit coin influencer. 1500 01:13:53,960 --> 01:13:55,720 So we got a fresh and army another girl. 1501 01:13:55,720 --> 01:13:59,960 She's smiling while while the guy is on a playing the guitar. 1502 01:13:59,960 --> 01:14:03,960 He's he's serenading her and this guy's a shit coin 1503 01:14:03,960 --> 01:14:07,520 influencer and zooming in. He's not doesn't even know how 1504 01:14:07,520 --> 01:14:10,600 to play the guitar. OK, this is exactly what's 1505 01:14:10,600 --> 01:14:12,120 happening. If you're listening to the shit 1506 01:14:12,120 --> 01:14:14,640 coin influencers. And this next one shows the best 1507 01:14:14,640 --> 01:14:15,800 knock. He's in the chat. 1508 01:14:16,000 --> 01:14:19,160 He he's he's like, yo, I need to get my meme on the show. 1509 01:14:19,160 --> 01:14:24,360 So anyways, he goes meme for my mestizo at Hottamish field and 1510 01:14:24,360 --> 01:14:26,880 he's got some screenshots of my tweets here and it goes fake 1511 01:14:26,880 --> 01:14:29,080 money goddess here. You cannot reason with the 1512 01:14:29,120 --> 01:14:32,400 ideologically insane. And then we have Niko here. 1513 01:14:32,400 --> 01:14:35,600 Looking back, what you're seeing is information narrative trench 1514 01:14:35,600 --> 01:14:38,080 warfare and me right here with the opti hat. 1515 01:14:38,080 --> 01:14:41,360 Let's go, let's go and this last one is by M in our telegram 1516 01:14:41,360 --> 01:14:43,000 group. And I don't know where this came 1517 01:14:43,000 --> 01:14:45,360 from, but you know, anytime I get a chance to roast Niko on 1518 01:14:45,360 --> 01:14:48,200 the show, you know, I take it. So we got before Bitcoin and 1519 01:14:48,200 --> 01:14:49,680 this guy kind of looks like Niko. 1520 01:14:49,680 --> 01:14:52,680 I I don't know who this guy is to be honest, but it shoves out 1521 01:14:52,680 --> 01:14:56,560 the UM and then after Bitcoin it is Nico long hair with a beard 1522 01:14:56,800 --> 01:15:02,800 looking all disheveled. Okay, all right, all right 1523 01:15:02,800 --> 01:15:06,040 anyways, guys, drop your meme review score in the chat as we 1524 01:15:06,040 --> 01:15:11,400 cover ours live and we will review them on that note, Nico 1525 01:15:11,400 --> 01:15:13,840 is back. All right, all right, I'm going 1526 01:15:13,840 --> 01:15:17,640 to give it my one of one anti Fiat money club, which I think 1527 01:15:17,640 --> 01:15:21,040 shirt which I think I'm going to re redesign and I want to change 1528 01:15:21,040 --> 01:15:25,080 it to anti Fiat money gang, but I'm these these are just for me. 1529 01:15:25,080 --> 01:15:27,600 So sorry guys, I'm going to. Give it a big point. 1530 01:15:27,600 --> 01:15:31,000 Well, hat that's my score. OK, OK. 1531 01:15:31,520 --> 01:15:33,480 Taylor, give those memes. I think I'm running down on the 1532 01:15:33,480 --> 01:15:35,240 score. The score is a meme in itself. 1533 01:15:35,240 --> 01:15:37,600 Or you can do a throwback one through 10 what whatever you 1534 01:15:37,600 --> 01:15:42,440 want to do. On all of them overall or? 1535 01:15:42,480 --> 01:15:44,200 You know, oh, you can pick one, it doesn't matter. 1536 01:15:45,080 --> 01:15:46,240 Oh man, I don't know. They were good. 1537 01:15:46,240 --> 01:15:49,960 I don't know, eight. I I love the available Capital 1538 01:15:49,960 --> 01:15:51,280 One. I I don't know, it just yeah, 1539 01:15:51,360 --> 01:15:53,640 like a really cool perspective. That one was like, yeah, nice. 1540 01:15:53,640 --> 01:15:56,600 Like I, I want. To scored solid score OG score. 1541 01:15:56,680 --> 01:15:59,080 I like OG score. All right, everybody drop your 1542 01:15:59,080 --> 01:16:03,200 meme score in the live chat and if we if we have time, we'll 1543 01:16:03,200 --> 01:16:04,560 get. Through it, we'll get to it. 1544 01:16:05,200 --> 01:16:09,800 So I do want to pull up the first one by Rich BC the amount 1545 01:16:09,800 --> 01:16:12,560 of Friday meetings Opti cancelled without Nico knowing. 1546 01:16:12,560 --> 01:16:16,240 That's a great score Opti Bustardo poor son of dad. 1547 01:16:16,240 --> 01:16:20,600 Opti fields one Bitcoin for Taylor 69 knacks for Opti very 1548 01:16:20,600 --> 01:16:24,080 good Soshi Satoshi. My meme score is a Russian 1549 01:16:24,080 --> 01:16:27,920 submarine off the coast of Florida and the American US the 1550 01:16:28,440 --> 01:16:31,800 US Air Force parading around our tax dollars in response. 1551 01:16:31,880 --> 01:16:35,520 Shooting at the submarine. This no memes score petition to 1552 01:16:35,520 --> 01:16:38,880 make Nico embark on a on a on a lock journey. 1553 01:16:40,400 --> 01:16:43,720 Matthew Ji give the memes one simply Bitcoin hat that lowered 1554 01:16:43,720 --> 01:16:47,160 my time preference for finally having one SpongeBob 1555 01:16:47,160 --> 01:16:50,000 SquarePants. I give the memes 10 Bitonomics 1556 01:16:51,080 --> 01:16:53,200 next one. Phil CI give the memes one 1557 01:16:53,240 --> 01:16:57,240 Bitcoin stable coin and we got Planet Earth. 1558 01:16:57,280 --> 01:17:00,040 I give the memes Orange Man for the orange coin. 1559 01:17:01,440 --> 01:17:03,840 Lightning Goats. I give the meme a review of a 1560 01:17:03,840 --> 01:17:07,880 handful of goat pellets. Very good score Elaine. 1561 01:17:07,880 --> 01:17:10,640 When Nico stops memes, Opti comes apart at the seams. 1562 01:17:10,640 --> 01:17:14,640 Opti is our meme protector for all Who would be a Bitcoin 1563 01:17:14,640 --> 01:17:16,160 protector. Memes live on. 1564 01:17:16,160 --> 01:17:18,640 Simply OK. Let me see. 1565 01:17:18,720 --> 01:17:20,600 Let's let's do. Hunter gun. 1566 01:17:21,320 --> 01:17:22,600 Yeah, yeah, that. That's why. 1567 01:17:22,600 --> 01:17:26,120 All right, we're going to rumble here and we got Narwhal tacos. 1568 01:17:26,120 --> 01:17:28,920 And he goes. I give those memes my samurai 1569 01:17:28,920 --> 01:17:31,440 node, which is a lifeless break right now. 1570 01:17:32,360 --> 01:17:35,240 Bullish, bullish. All right everybody, that was 1571 01:17:35,240 --> 01:17:37,920 simply Bitcoin live for June 14th, 2024. 1572 01:17:37,920 --> 01:17:39,640 Hope everyone has an amazing weekend. 1573 01:17:39,640 --> 01:17:41,720 Make sure to smash the like button consider subscribing. 1574 01:17:41,720 --> 01:17:44,200 I'm your host, Nico, as my legendary Co host Optimus Fields 1575 01:17:44,400 --> 01:17:47,680 and our guest for today, Taylor, and we'll be back on Monday for 1576 01:17:47,680 --> 01:17:50,440 another episode of Simply Bitcoin Live. 1577 01:17:50,440 --> 01:17:54,560 Peace out, everybody. This episode was brought to you 1578 01:17:54,560 --> 01:17:58,720 by bitcoinwell.com on a mission to enable independence.