1 00:00:02,840 --> 00:00:05,200 It's. All going to zero against 2 00:00:05,200 --> 00:00:06,720 Bitcoin. It's. 3 00:00:06,720 --> 00:00:17,000 Going on forever, you're. Against Bitcoin you're against 4 00:00:17,000 --> 00:00:24,400 freedom yo we're going to simply Bitcoin live your number one 5 00:00:24,400 --> 00:00:26,480 source for the peaceful Bitcoin revolution car breaking news 6 00:00:26,480 --> 00:00:28,320 culture mining warfare. We will be your guide through 7 00:00:28,320 --> 00:00:29,640 the separation of money and state. 8 00:00:29,640 --> 00:00:31,720 Ladies and gentlemen, you're tuned in to simply Bitcoin Live, 9 00:00:31,720 --> 00:00:34,080 the most watched daily Bitcoin live show on YouTube. 10 00:00:34,320 --> 00:00:36,240 Rumble and exit back, relax, enjoy the ride. 11 00:00:36,480 --> 00:00:39,000 Lots to cover today. Lots of breaking news. 12 00:00:39,400 --> 00:00:43,040 I mean, so many things have happened over the two weeks over 13 00:00:43,040 --> 00:00:45,720 these last two weeks that just these are things that I thought 14 00:00:45,720 --> 00:00:47,800 were going to happen over the next four years, but they've 15 00:00:47,800 --> 00:00:49,920 happened a lot quicker than I realized. 16 00:00:49,920 --> 00:00:52,800 So of course you had what we were covering yesterday. 17 00:00:53,040 --> 00:00:56,520 We have a potential future U.S. President going out and 18 00:00:56,520 --> 00:00:59,760 basically said, like I would protect Bitcoin miners in the 19 00:00:59,760 --> 00:01:02,120 United States. And what we've seen over the 20 00:01:02,120 --> 00:01:07,400 last couple days is essentially a change in tune from not so 21 00:01:07,400 --> 00:01:10,320 much in their actions, but in their words from the Biden 22 00:01:10,320 --> 00:01:12,720 administration, which I find absolutely fascinating. 23 00:01:13,080 --> 00:01:15,760 Here's an there's a, there's an article dropped by the block 24 00:01:15,760 --> 00:01:18,320 yesterday. It says Biden campaign and talks 25 00:01:18,320 --> 00:01:21,640 to accept crypto donations. Now, of course, they're just 26 00:01:21,640 --> 00:01:24,120 pandering, right? Like, I don't think it has 27 00:01:24,120 --> 00:01:26,400 anything to do with the fact that they've changed their their 28 00:01:26,400 --> 00:01:27,680 mind. And we're going to talk about 29 00:01:27,680 --> 00:01:29,160 the that today. But I think that they're 30 00:01:29,160 --> 00:01:33,920 realizing that this isn't necessarily a popular thing with 31 00:01:33,920 --> 00:01:36,280 their voters. So I just find it interesting 32 00:01:36,360 --> 00:01:39,320 that they're trying to walk it back and it tells me something 33 00:01:39,760 --> 00:01:42,400 that we've been talking about these last couple days. 34 00:01:42,400 --> 00:01:47,400 It's, it's not that Bitcoin needs Trump or RFK, it's that 35 00:01:47,400 --> 00:01:53,520 Trump and RFK and now Biden need Bitcoin in order to win an 36 00:01:53,520 --> 00:01:57,040 election here in the USI think that is a testament to the power 37 00:01:57,040 --> 00:02:00,320 of our movement. And I can't wait to see what 38 00:02:00,320 --> 00:02:03,680 we're going to be, you know, in the next 5 to 10 years. 39 00:02:03,680 --> 00:02:06,960 Remember, Bitcoin essentially was, was, was born out of 40 00:02:06,960 --> 00:02:09,560 rebellion. It was, it was born out of, out 41 00:02:09,560 --> 00:02:11,520 of a protest. Remember the message in the 42 00:02:11,520 --> 00:02:14,520 genesis block Chancellor on the brink of the 2nd bailout for 43 00:02:14,520 --> 00:02:18,400 banks. And here you are 15 years later, 44 00:02:18,800 --> 00:02:21,960 and now presidents are going in and basically saying now they're 45 00:02:21,960 --> 00:02:25,240 pandering to Bitcoiners in order to get votes, right? 46 00:02:25,240 --> 00:02:27,280 So it it's I can't believe we're here. 47 00:02:27,280 --> 00:02:29,880 This is insane. So, you know, I think things are 48 00:02:29,880 --> 00:02:31,120 just going to get better from here. 49 00:02:31,440 --> 00:02:36,480 And I think the sign of us, you know, achieving victory will be 50 00:02:36,480 --> 00:02:39,320 Ross walking out of prison. I think that's like the final 51 00:02:39,320 --> 00:02:41,520 sign. And Max Kaiser is basically 52 00:02:41,520 --> 00:02:45,640 making the case that this is the reason that he believes that, 53 00:02:45,800 --> 00:02:51,440 you know, we could potentially see a $500,000 Bitcoin as nation 54 00:02:51,440 --> 00:02:55,120 states start to not attack Bitcoin, but pander towards 55 00:02:55,120 --> 00:02:56,800 Bitcoin miners. And he's making the case. 56 00:02:56,800 --> 00:02:59,040 And, you know, he, he's this is a term that he's coined, which 57 00:02:59,080 --> 00:03:02,960 he calls it the hash rate war, that you'll see countries 58 00:03:02,960 --> 00:03:06,000 competing for business for Bitcoin miners. 59 00:03:06,000 --> 00:03:08,120 And we're already starting to see that in some countries, 60 00:03:08,120 --> 00:03:11,640 right? You had, you had parrot the, you 61 00:03:11,640 --> 00:03:13,880 know, the Paraguay government come out basically saying like, 62 00:03:13,880 --> 00:03:17,440 look like, you know, this is good for our energy industry. 63 00:03:18,120 --> 00:03:21,120 You had the Kingdom of Bhutan announced that they're going to 64 00:03:21,120 --> 00:03:22,600 increase their mining operations. 65 00:03:22,600 --> 00:03:23,800 They're teaming up with bit Deer. 66 00:03:24,000 --> 00:03:26,600 And of course, you have El Salvador who's mining Bitcoin 67 00:03:26,600 --> 00:03:30,040 with their excess geothermal electric capability. 68 00:03:30,040 --> 00:03:33,280 So I just find that fascinating. And of course, the final thing, 69 00:03:33,440 --> 00:03:36,760 Michael Saylor continues to use the infinite money glitch in 70 00:03:36,760 --> 00:03:39,480 order to buy more Bitcoin. Absolute Chad. 71 00:03:39,480 --> 00:03:41,440 Like he's used this multiple times. 72 00:03:41,440 --> 00:03:44,280 Like he buys Bitcoin, the price of Bitcoin goes up, the price of 73 00:03:44,280 --> 00:03:48,200 his stock goes up, and then he he borrows against his stock in 74 00:03:48,200 --> 00:03:51,200 order to get more cash in order to buy more Bitcoin. 75 00:03:51,400 --> 00:03:53,320 It's like this self fulfilling prophecy. 76 00:03:53,480 --> 00:03:56,600 And we read you a post on Stacker News by Jimmy Song that 77 00:03:56,600 --> 00:03:59,160 was basically making the case that this is the speculative 78 00:03:59,160 --> 00:04:01,560 attack on the dollar. Like he's using the dollar 79 00:04:01,560 --> 00:04:06,160 itself to like the, the Fiat system itself against it in a 80 00:04:06,160 --> 00:04:08,160 way which I find absolutely fascinating. 81 00:04:08,160 --> 00:04:12,120 Like he's using, you know, Fiat, something that you know, there's 82 00:04:12,120 --> 00:04:15,440 no cap to buy, something that there's a, you know, cap supply 83 00:04:15,440 --> 00:04:17,000 of. I don't know how that's going to 84 00:04:17,000 --> 00:04:18,880 end, but I do find it funny and interesting. 85 00:04:19,120 --> 00:04:21,120 Anyways, I do want to bring up my legendary Co host. 86 00:04:21,120 --> 00:04:23,120 He is OPT. He was always optimistic. 87 00:04:23,120 --> 00:04:24,680 That's why they call him Optimus Fields. 88 00:04:24,680 --> 00:04:27,840 How you doing Opti? Honestly, I'm a little cook 89 00:04:27,840 --> 00:04:29,600 today. My sleeping schedule's all 90 00:04:29,600 --> 00:04:32,640 messed up this week, my elbow feels broken. 91 00:04:32,640 --> 00:04:35,120 I don't know what I did, but yeah, I'm struggling today, 92 00:04:35,120 --> 00:04:36,680 Nico. I'm struggling, but still 93 00:04:36,680 --> 00:04:38,640 optimistic. But man, I'm hurting. 94 00:04:38,800 --> 00:04:41,400 I'm. I'm you don't sound very 95 00:04:41,400 --> 00:04:44,960 optimistic. It's still a more way of life, 96 00:04:44,960 --> 00:04:48,440 but man, my elbow hurts so bad. I have no idea what I did. 97 00:04:48,440 --> 00:04:50,600 I'm yeah, I'm in pain over here. I'm in pain, guys. 98 00:04:50,640 --> 00:04:53,000 But we show anyways does. Bitcoin fix this. 99 00:04:53,560 --> 00:04:56,000 Not today, apparently, because I'm hurting. 100 00:04:56,040 --> 00:04:59,240 So no, I'm going to say no. It's the only thing Bitcoin 101 00:04:59,240 --> 00:05:01,680 doesn't fix is my hurt elbow. Right now I'm. 102 00:05:02,200 --> 00:05:04,920 I'm wrecked oh man well guys, if you guys are enjoying the show 103 00:05:04,920 --> 00:05:08,880 so far, make sure to smash that like button and if you smash the 104 00:05:08,880 --> 00:05:12,320 like button, I heard that Opti will feel better so. 105 00:05:12,320 --> 00:05:15,160 I hope so. That is, you know, that could be 106 00:05:15,160 --> 00:05:19,320 a rumor, but I heard I think it's true maybe. 107 00:05:19,760 --> 00:05:22,120 What? If you smash the like button, 108 00:05:22,120 --> 00:05:25,400 you'll feel better. Sure, let's see. 109 00:05:25,480 --> 00:05:27,280 OK, close enough. Anyways, I do want to bring up 110 00:05:27,320 --> 00:05:30,440 age. I do want to bring up, I do want 111 00:05:30,440 --> 00:05:32,840 to bring up our guest for today. We have Kent in the house. 112 00:05:32,840 --> 00:05:38,520 Kent is the CEO of SAS Mining. SAS Mining is the place to go if 113 00:05:38,520 --> 00:05:40,360 you want Bitcoin mining as service. 114 00:05:40,360 --> 00:05:43,320 Anyways, Kent, thank you so much for joining us today, brother. 115 00:05:43,320 --> 00:05:46,960 Appreciate it. Kent, it seems like you're on 116 00:05:46,960 --> 00:05:50,600 mute. Second time I've done that, man. 117 00:05:51,480 --> 00:05:53,720 Hey, it just seems like a live one. 118 00:05:53,720 --> 00:05:57,080 I'm honored to be here and happy to happy to share my thoughts. 119 00:05:57,880 --> 00:06:00,840 And yeah, we make mining as a service accessible to the 120 00:06:00,840 --> 00:06:02,880 masses. So yeah, you want to DCA a 121 00:06:02,880 --> 00:06:04,920 different way? Come, come check us out. 122 00:06:05,240 --> 00:06:08,760 I love that DCAA different way and you guys, you we got a 123 00:06:08,760 --> 00:06:12,080 surprise for you guys, man, because I think that's a that's 124 00:06:12,080 --> 00:06:13,880 an interesting concept for a lot of people. 125 00:06:13,880 --> 00:06:16,680 Like people don't realize maybe it's a stretch to say this, 126 00:06:16,680 --> 00:06:19,520 Kent, but you were explaining it to me before we went on air and 127 00:06:19,520 --> 00:06:22,680 I thought I'd find it. I found it fascinating, which is 128 00:06:22,680 --> 00:06:27,680 this idea that you can get Bitcoin at a discount if you 129 00:06:27,680 --> 00:06:30,120 mine it instead of you buy it instead of buying it. 130 00:06:31,360 --> 00:06:35,160 That's totally accurate. So if we're using a third party 131 00:06:35,160 --> 00:06:39,400 model, the Galaxy Digital put it out a couple years ago, we just 132 00:06:39,400 --> 00:06:43,240 plug in the numbers on the mining opportunity and it looks 133 00:06:43,240 --> 00:06:45,760 at, hey, what is it cost to mine a Bitcoin today? 134 00:06:45,800 --> 00:06:47,920 And right now that cost is 45,000. 135 00:06:48,760 --> 00:06:52,840 So you know, if you're mining a Bitcoin today was as mining with 136 00:06:52,840 --> 00:06:55,280 one of the mining rigs that we offer, we offer two. 137 00:06:56,000 --> 00:07:01,320 Then you are your DCA into a Bitcoin position had about a 30% 138 00:07:01,320 --> 00:07:03,760 discount to the price of Bitcoin on an exchange. 139 00:07:04,000 --> 00:07:06,480 So you are stacking more SAT's for your dollar. 140 00:07:07,400 --> 00:07:10,280 That's awesome, man. This is, it's awesome. 141 00:07:10,360 --> 00:07:13,920 It's fascinating, and I'm sure some people are in the audience 142 00:07:13,920 --> 00:07:16,280 are gonna find it very, very interesting. 143 00:07:16,280 --> 00:07:19,360 Cuz that's a crazy concept. Like it almost sounds too good 144 00:07:19,360 --> 00:07:22,640 to be true in a way. Well, yeah, I think that's just 145 00:07:22,640 --> 00:07:24,920 it. And I think it took me a couple 146 00:07:24,920 --> 00:07:28,520 of years of working here at SAS mining and sort of analyzing the 147 00:07:28,520 --> 00:07:32,200 value proposition to realize like, hey, why is there so much 148 00:07:32,200 --> 00:07:34,840 capital flowing into the Bitcoin mining space? 149 00:07:35,280 --> 00:07:38,760 And it took me actually just taking and putting the price of 150 00:07:38,760 --> 00:07:41,680 Bitcoin on exchange, which we all know love, watch and track 151 00:07:41,680 --> 00:07:44,440 every, you know, probably 5 minutes for most of us that 152 00:07:44,440 --> 00:07:47,960 really geek out on the price. But when you actually compare 153 00:07:47,960 --> 00:07:51,360 the value proposition to mining to that price, you realize This 154 00:07:51,360 --> 00:07:55,040 is why capital's flowing in. And to date, nobody has really 155 00:07:55,040 --> 00:07:56,880 made that accessible to the masses. 156 00:07:56,880 --> 00:08:00,920 And that's been our aim. So it's a different value 157 00:08:00,920 --> 00:08:03,680 proposition or different counterparty risk than going to 158 00:08:03,680 --> 00:08:05,360 an exchange, right? And there's different set of 159 00:08:05,360 --> 00:08:06,880 risks. But at the end of the day, 160 00:08:06,880 --> 00:08:09,880 you're just buying a piece of hardware, you're paying for your 161 00:08:09,880 --> 00:08:13,120 electricity on a month in, month out basis and you're getting 162 00:08:13,120 --> 00:08:18,840 Bitcoin to your wallet. And that is from a cost average 163 00:08:18,840 --> 00:08:22,080 standpoint cheaper than any of the DCA products or exchange 164 00:08:22,080 --> 00:08:24,120 products that are out there. Absolutely, man. 165 00:08:24,120 --> 00:08:26,040 Well, I can't wait to hear more about it and we're going to 166 00:08:26,040 --> 00:08:28,600 cover it in depth during the culture segment. 167 00:08:28,600 --> 00:08:32,440 But before we start the show, I do want to give a very special 168 00:08:32,440 --> 00:08:35,640 shout out to the Bitcoin company that makes it possible. 169 00:08:35,640 --> 00:08:37,120 Of course, I'm talking about Bitcoin. 170 00:08:37,120 --> 00:08:40,880 Well, Bitcoin well is the place to build your automatic self 171 00:08:40,880 --> 00:08:43,000 custody Bitcoin stack. What does that mean? 172 00:08:43,000 --> 00:08:44,920 What does automatic self custody means? 173 00:08:45,320 --> 00:08:49,240 That means that is a that is that it is a self custody by 174 00:08:49,240 --> 00:08:51,800 default Bitcoin on ramp. That means that you can't buy 175 00:08:51,800 --> 00:08:55,880 Bitcoin on Bitcoin well, unless you intention to take self 176 00:08:55,880 --> 00:08:58,760 custody of that said Bitcoin. They don't allow you to keep 177 00:08:58,760 --> 00:09:02,120 Bitcoin on the exchange. And remember, self custody is 178 00:09:02,120 --> 00:09:05,120 the is the revolution. So Bitcoin well perfectly aligns 179 00:09:05,120 --> 00:09:07,600 with the simply Bitcoin ethos of the separation of money in state 180 00:09:07,880 --> 00:09:09,520 head over Bitcoin. 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If you sign up right now to 188 00:09:29,480 --> 00:09:32,400 Bitcoin well using the QR code on your screen. 189 00:09:33,120 --> 00:09:37,160 If you sign up using the promo code of simply simply BTC, 190 00:09:37,400 --> 00:09:42,640 you'll get three Bitcoin wishing well flip coin flips and I'll 191 00:09:42,640 --> 00:09:44,320 show you what what that is in a moment. 192 00:09:44,480 --> 00:09:46,720 But if you're an existing customer Bitcoin well, 193 00:09:46,720 --> 00:09:50,000 essentially every time you buy Bitcoin, you earn points and you 194 00:09:50,000 --> 00:09:52,880 can throw those points into the Bitcoin wishing well and it 195 00:09:52,880 --> 00:09:56,320 gives you an opportunity to earn some potential satoshi. 196 00:09:56,320 --> 00:09:59,680 So we'll do a free one for you guys right now and I'll leave 197 00:09:59,680 --> 00:10:02,360 the QR code on screen. So first one to scan the QR 198 00:10:02,360 --> 00:10:05,240 code, get some free satoshi. 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You can use promo code simply to 229 00:11:34,960 --> 00:11:37,800 get 15% off anything on their website. 230 00:11:37,800 --> 00:11:41,040 Again promo code simply at the time of recording the Bitcoin 231 00:11:41,040 --> 00:11:49,880 price is 66,610 SATS per dollar, 1501 block height 847,782 blocks 232 00:11:49,880 --> 00:11:55,640 to having 200 and 2218 having estimate March 25th 2028 total 233 00:11:55,640 --> 00:12:01,280 lighting network capacity 4808 BTC capacity value 320 million 234 00:12:01,440 --> 00:12:04,920 U.S. dollars realized monetary inflation 1.6% market 235 00:12:04,920 --> 00:12:09,840 capitalization 1.31 trillion Bitcoin verse gold market cap 236 00:12:09,840 --> 00:12:13,600 8.25%. In the grand scheme of things we 237 00:12:13,600 --> 00:12:15,800 are just getting the party started. 238 00:12:15,800 --> 00:12:18,640 Anyways in other news, like I was saying in the beginning, 239 00:12:18,840 --> 00:12:22,400 Michael Saylor is using the infinite money glitch to stack 240 00:12:22,400 --> 00:12:24,480 more Bitcoin. Don't we all wish we had a giant 241 00:12:24,480 --> 00:12:27,800 public company behind us that we could leverage using the Fiat 242 00:12:27,800 --> 00:12:31,640 debt system to buy more Bitcoin? Anyways here is the official 243 00:12:31,640 --> 00:12:33,880 press release. Micro strategy announces 244 00:12:33,880 --> 00:12:38,120 proposed private offering of 500 million of convertible senior 245 00:12:38,120 --> 00:12:41,080 notes. Anyways, here is Michael Saylor 246 00:12:41,080 --> 00:12:43,280 announcing it on Twitter. I think it was this morning that 247 00:12:43,280 --> 00:12:46,200 he made the announcement, right? Very, very early in the morning, 248 00:12:46,400 --> 00:12:49,480 6:37 AM, He wanted to let the world know. 249 00:12:49,640 --> 00:12:52,800 Here's some more information from Bitcoin Magazine. 250 00:12:53,280 --> 00:12:57,040 Anyways, it goes on to say micro strategy by led by CEO Michael 251 00:12:57,040 --> 00:13:00,400 Saylor announced it will raise 500 million through a private 252 00:13:00,400 --> 00:13:02,120 offering of convertible senior notes. 253 00:13:02,320 --> 00:13:05,000 The proceeds will fund additional purchases, furthering 254 00:13:05,000 --> 00:13:07,280 its corporate Bitcoin accumulation strategy. 255 00:13:07,640 --> 00:13:10,080 MicroStrategy is already the largest public company holder of 256 00:13:10,080 --> 00:13:14,960 Bitcoin, with over 214,000 BTC worth 15 billion on its balance 257 00:13:14,960 --> 00:13:18,160 sheet starting in 2020. Under Sailor's direction, it 258 00:13:18,160 --> 00:13:20,640 adopted Bitcoin as its primary reserve asset. 259 00:13:20,920 --> 00:13:24,520 Its average purchase price per Bitcoin remains 35,000, while 260 00:13:24,520 --> 00:13:28,000 Bitcoin trading nearly 68,000. The firm is still significantly 261 00:13:28,000 --> 00:13:31,280 in the green on its holdings. The latest $500 million capital 262 00:13:31,280 --> 00:13:34,160 raise comes via selling convertible senior notes to 263 00:13:34,160 --> 00:13:37,800 qualified institutional buyers. The notes will pay interest semi 264 00:13:37,800 --> 00:13:42,280 annually and mature in 2032 unless converted and or redeemed 265 00:13:42,280 --> 00:13:44,240 earlier, according to the announcement. 266 00:13:44,240 --> 00:13:47,800 MicroStrategy may use the funds for general general corporate 267 00:13:47,800 --> 00:13:50,800 purposes, but Bitcoin acquisition remains a priority. 268 00:13:50,960 --> 00:13:54,520 The company will also grant initial purchasers an option to 269 00:13:54,520 --> 00:13:57,360 buy an additional $75 million in notes. 270 00:13:57,720 --> 00:14:00,600 Microstrategy's Bitcoin buying obsession has made it a Wall 271 00:14:00,600 --> 00:14:04,360 Street proxy for Bitcoin itself. The company's stock often rises 272 00:14:04,360 --> 00:14:06,200 in the falls with bitcoins price movements. 273 00:14:06,360 --> 00:14:09,800 With investors betting on bitcoins upside with the latest 274 00:14:09,800 --> 00:14:13,280 capital injection, MicroStrategy is signaling its conviction that 275 00:14:13,280 --> 00:14:15,640 Bitcoin will continue appreciating over the long term. 276 00:14:15,840 --> 00:14:19,760 Sailor is ready to double down by acquiring more coins while 277 00:14:19,760 --> 00:14:24,520 prices remain relatively low. I mean, like, what is that but 278 00:14:24,520 --> 00:14:27,400 not conviction, right? What is that but not conviction? 279 00:14:27,400 --> 00:14:29,000 Now I'll pass it on to you, Kent. 280 00:14:29,000 --> 00:14:32,800 Like is he like he's done? He's used this glitch many 281 00:14:32,800 --> 00:14:36,400 times. Is there at any any moment that 282 00:14:36,400 --> 00:14:38,280 he could potentially get in in trouble? 283 00:14:38,280 --> 00:14:42,200 Like if if Bitcoin starts going down in price, you know, could 284 00:14:42,200 --> 00:14:44,760 that potentially put him in a tough spot? 285 00:14:44,760 --> 00:14:48,960 Like it's just I like, I wish I had this giant corporation 286 00:14:48,960 --> 00:14:50,840 behind me. Like, this is not this is. 287 00:14:50,880 --> 00:14:53,320 I didn't even know this was a thing, but I think it just 288 00:14:53,320 --> 00:14:56,040 highlights the insanity that is the Fiat system. 289 00:14:57,120 --> 00:15:00,680 Yeah, I, I, I don't know it, I'm certain that there's some sort 290 00:15:00,680 --> 00:15:03,440 of price where he could get in trouble with the low leverage 291 00:15:03,440 --> 00:15:05,560 bet that he's putting on Bitcoin here. 292 00:15:05,560 --> 00:15:07,600 But his conviction is just otherworldly. 293 00:15:07,600 --> 00:15:10,560 And it just makes me think, you know, he's he's sort of vying 294 00:15:10,560 --> 00:15:14,000 with Elon Musk, in my opinion, for God, king of planet earth 295 00:15:14,000 --> 00:15:15,880 here. You know, they're both, they're 296 00:15:15,880 --> 00:15:21,760 both angling for just supreme, you know, power by by the amount 297 00:15:21,760 --> 00:15:23,320 of value that they have under their belts. 298 00:15:23,320 --> 00:15:26,440 And I, I love it. I love watching him do his 299 00:15:26,440 --> 00:15:27,920 thing. I think the only thing I find 300 00:15:27,920 --> 00:15:32,000 really fascinating about his approach is that he, he, he 301 00:15:32,120 --> 00:15:36,880 always, he never attacks the dollar publicly in his speech, 302 00:15:37,320 --> 00:15:40,200 yet he does so with his actions. And I think that that's 303 00:15:40,200 --> 00:15:42,760 fascinating to watch because I think the actions mean a lot 304 00:15:42,760 --> 00:15:46,000 more than than words here. And, you know, if he, if he 305 00:15:46,000 --> 00:15:50,080 winds up being like the billionaire role model for other 306 00:15:50,160 --> 00:15:53,960 publicly traded companies out there, like more power to him. 307 00:15:54,040 --> 00:15:57,520 You know, I just hope he's the Pied piper leading, leading all 308 00:15:57,520 --> 00:16:00,560 the folks to the same same playbook because it helps us 309 00:16:00,560 --> 00:16:03,040 all. Absolutely, Opti, what's your, 310 00:16:03,120 --> 00:16:05,120 what's your take on this? We have Elaine in the chat. 311 00:16:05,120 --> 00:16:09,920 Sailor addicted to Bitcoin 1,000,000% man, it, it I think 312 00:16:09,920 --> 00:16:13,280 can't hit the nail on the head. Like Sailor is obviously, you 313 00:16:13,280 --> 00:16:15,320 know, he's, he's looking at Elon. 314 00:16:15,320 --> 00:16:19,640 He's like, man, you know, you got Tesla, I got Bitcoin, bro. 315 00:16:19,880 --> 00:16:23,160 So I mean that's let's see what happens. 316 00:16:23,160 --> 00:16:24,840 Let's see what happens. Anyways, Opti, what's your take 317 00:16:24,840 --> 00:16:28,520 on all this brother? Yeah, I mean, I'm not surprised 318 00:16:28,520 --> 00:16:31,760 at all that sailors continuing to use the infinite money 319 00:16:31,760 --> 00:16:33,640 glitch. Like you said, I've been joking 320 00:16:33,640 --> 00:16:35,680 for a while. If we had the same opportunity, 321 00:16:35,680 --> 00:16:37,960 we'd probably be doing the same thing. 322 00:16:38,280 --> 00:16:42,600 And to kind of answer your question, can Sailor get in 323 00:16:42,600 --> 00:16:44,520 trouble? I think first and foremost, I'm 324 00:16:44,520 --> 00:16:46,400 pretty sure he's in the green by now. 325 00:16:46,400 --> 00:16:50,280 So like anything he buys on top of here is just only going to 326 00:16:50,280 --> 00:16:54,000 increase his profits. And the second thing is, I 327 00:16:54,000 --> 00:16:58,120 remember watching some of the Sailor interviews about when he 328 00:16:58,120 --> 00:17:00,680 did this micro strategy strategy. 329 00:17:01,040 --> 00:17:04,319 And it seems like every one of his shareholders and people on 330 00:17:04,319 --> 00:17:06,760 his board are completely on board with the Bitcoin strategy. 331 00:17:06,760 --> 00:17:11,040 So at this point, like I don't think he's going to ever get in 332 00:17:11,040 --> 00:17:13,359 trouble again. And then the Third Point like 333 00:17:13,599 --> 00:17:17,119 most of these loans and I didn't look at the specifics on this 334 00:17:17,119 --> 00:17:19,680 one, but I'm guessing it's all roughly the same loan. 335 00:17:20,000 --> 00:17:22,520 It's pretty much like free money for like 5 to six years. 336 00:17:22,520 --> 00:17:25,599 So like, I don't, I don't think he's worried about. 337 00:17:25,599 --> 00:17:27,680 It at all? He's just like, I'm trying to 338 00:17:27,680 --> 00:17:30,280 get as much Bitcoin as possible at these prices. 339 00:17:30,560 --> 00:17:33,000 And it really makes me think that he's trying to keep up with 340 00:17:33,000 --> 00:17:36,000 the demand coming into the ETFs and all that stuff because 341 00:17:36,000 --> 00:17:37,720 they're scooping up so much Bitcoin. 342 00:17:38,040 --> 00:17:41,200 And I think he sees the writing on the wall as well where he's 343 00:17:41,200 --> 00:17:44,200 like, look, it's only a matter of time until this price gets 344 00:17:44,200 --> 00:17:46,880 ridiculously expensive. I'm not going to be able to get 345 00:17:46,880 --> 00:17:49,960 as much Bitcoin that I used to. It's like what we always say, 346 00:17:50,320 --> 00:17:52,600 you know, once you when you first start stacking Bitcoin, 347 00:17:52,840 --> 00:17:55,560 you know, the coins you accumulate like it makes a debt 348 00:17:55,560 --> 00:17:58,080 in your Bitcoin holdings. And after a while you're like, 349 00:17:58,080 --> 00:18:01,240 it doesn't matter how much I buy at these prices, I'm not getting 350 00:18:01,240 --> 00:18:04,440 as much Bitcoin as I used to. And even though sailors doing 351 00:18:04,440 --> 00:18:07,480 this on an incredible level, he's probably feeling the same 352 00:18:07,480 --> 00:18:08,640 way. He's like, man, I'm not getting 353 00:18:08,640 --> 00:18:12,800 as much Bitcoin as I used to. Like this 500 million buys are 354 00:18:12,800 --> 00:18:15,320 not like they used to be. And he's like, I need more 355 00:18:15,320 --> 00:18:17,840 Bitcoin. So hey, man, more power to him. 356 00:18:18,520 --> 00:18:22,520 But yeah, he's definitely buying for God King on planet Earth. 357 00:18:22,520 --> 00:18:25,360 He's probably already the richest person, will eventually 358 00:18:25,360 --> 00:18:27,320 be the first trillionaire on planet Earth. 359 00:18:27,320 --> 00:18:30,120 You heard it here first. Oh, man, yeah, dude, that's an 360 00:18:30,160 --> 00:18:31,960 absolute fact. All right, everybody. 361 00:18:32,840 --> 00:18:34,480 I mean, it feels like it. It feels like it. 362 00:18:34,480 --> 00:18:37,640 All right everybody, I do want to give a very special show to 363 00:18:37,640 --> 00:18:39,320 our sponsor. And of course I'm talking about 364 00:18:39,320 --> 00:18:42,600 the Pleb party in Nashville. Guys, you definitely don't want 365 00:18:42,600 --> 00:18:46,320 to miss this awesome event. It's a 12 hour open bar party 366 00:18:46,520 --> 00:18:50,680 from noon to midnight in Nashville, TN, the day before 367 00:18:50,680 --> 00:18:54,800 the largest Bitcoin conference on planet earth, Bitcoin 2024. 368 00:18:54,800 --> 00:18:58,000 It's going to be hosted July 25th, the Thursday before the 369 00:18:58,000 --> 00:19:00,800 Bitcoin conference starts. Confirmed attendees so far 370 00:19:00,800 --> 00:19:04,280 include Larry Leopard, Preston Pish, the entire simply Bitcoin 371 00:19:04,280 --> 00:19:07,440 crew, James Lavish, Robert Breedlove, Mark Moss, pubby 372 00:19:07,560 --> 00:19:09,760 Tatum, Turnip, Adam O'Brien and many more. 373 00:19:09,760 --> 00:19:12,360 It's going to be hosted an amazing venue, a rustic 374 00:19:12,360 --> 00:19:16,240 automobile factory from 1910 with brick walls and tons of 375 00:19:16,240 --> 00:19:19,200 proof of work atmosphere. The last pleb party in Miami was 376 00:19:19,200 --> 00:19:21,760 sold out eight days before, so you don't want to wait to get 377 00:19:21,760 --> 00:19:23,920 your tickets. You want to get your tickets 378 00:19:23,920 --> 00:19:26,720 quickly. Anyways, let's move on to the 379 00:19:26,720 --> 00:19:29,240 news lots to talk about today. I'm really excited. 380 00:19:29,240 --> 00:19:33,720 Let's let's. Do it The Daily News. 381 00:19:35,280 --> 00:19:38,840 I want to give a shout out to our sponsor Foundation Devices. 382 00:19:39,040 --> 00:19:42,360 It's self custody done right. They built a premium grade 383 00:19:42,360 --> 00:19:45,800 hardware wallet called Passport right here in the US. 384 00:19:45,800 --> 00:19:48,200 It's fully open source and verifiable. 385 00:19:48,360 --> 00:19:51,840 It's the most intuitive Bitcoin wallet designed with the UX 386 00:19:51,840 --> 00:19:55,560 reminiscent of a simple feature phone, so you will know how to 387 00:19:55,560 --> 00:19:57,760 navigate it and use it the moment you pick it up. 388 00:19:58,120 --> 00:20:01,400 Get your Bitcoin off exchanges and into your into your own 389 00:20:01,400 --> 00:20:04,240 hands in just a few minutes. 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This is the one for you check 397 00:20:27,200 --> 00:20:30,520 out the passport link in the show notes below to learn more 398 00:20:31,000 --> 00:20:34,640 all right everybody, I made it easy for you guys for you guys 399 00:20:34,640 --> 00:20:37,920 to maintain the relationship with your grandchildren because 400 00:20:37,960 --> 00:20:41,040 you only do that if you're able to pass on your generational 401 00:20:41,040 --> 00:20:44,000 wealth and the way that you do that is by properly putting your 402 00:20:44,000 --> 00:20:46,280 Bitcoin in self custody. If not, they're going to get 403 00:20:46,280 --> 00:20:48,400 upset you're going to have comments like grand Papa, why 404 00:20:48,400 --> 00:20:50,640 did you lose my generation wealth because I didn't store it 405 00:20:50,640 --> 00:20:51,960 properly. So that's why you want to get 406 00:20:51,960 --> 00:20:54,080 yourself a hardware wallet passport by foundation is the 407 00:20:54,080 --> 00:20:56,280 one that we recommend and it's incredibly easy to use, 408 00:20:56,360 --> 00:20:58,080 especially if you pair it up with the Envoy app. 409 00:20:58,200 --> 00:21:00,760 Check out passport by foundation devices today. 410 00:21:01,000 --> 00:21:05,600 All right, everybody, let's talk about this because this is this 411 00:21:05,600 --> 00:21:07,880 is a bit this someone in the chat. 412 00:21:07,880 --> 00:21:09,960 Opti is so annoying. Usually it's about me Opti. 413 00:21:09,960 --> 00:21:11,560 I don't know what's going on. I don't know what you're doing 414 00:21:11,560 --> 00:21:12,000 there. I have. 415 00:21:12,080 --> 00:21:14,200 A I have a nasally voice. I I get it. 416 00:21:14,560 --> 00:21:17,680 If you guys are enjoying the show so far, make sure to smash 417 00:21:17,680 --> 00:21:20,200 that like button really really helps with the algos. 418 00:21:20,200 --> 00:21:23,840 We're about to break 1000 live viewers between YouTube and X. 419 00:21:23,840 --> 00:21:26,360 If you add Rumble, we've already broken 1000 live viewers. 420 00:21:26,360 --> 00:21:29,160 So shout out to everybody who's watching live anyways. 421 00:21:29,160 --> 00:21:31,840 Anyways, Nico and Kent are battling for beard suppressed 422 00:21:32,120 --> 00:21:35,000 supremacy these days. I love it. 423 00:21:35,160 --> 00:21:37,920 All right, here's David Bailey, CEO of Bitcoin magazine. 424 00:21:37,920 --> 00:21:41,560 He says in just 15 years, our rebellion has grown into one of 425 00:21:41,560 --> 00:21:43,960 the world's most powerful political movements in the 426 00:21:43,960 --> 00:21:46,240 world. Our resources and followers 427 00:21:46,240 --> 00:21:49,560 double every year. Bitcoin is an unmovable object 428 00:21:49,560 --> 00:21:52,120 and it cannot be negotiated with or outmaneuvered. 429 00:21:52,360 --> 00:21:56,320 Change is coming gradually, then suddenly. 430 00:21:56,320 --> 00:21:58,800 And I think it's happening. And the way that you're seeing 431 00:21:58,800 --> 00:22:02,040 this is this is the signal, ladies and gentlemen. 432 00:22:02,040 --> 00:22:06,720 Biden campaign in talks to accept crypto donations. 433 00:22:06,920 --> 00:22:11,080 The article was initially dropped by the publish, the 434 00:22:11,080 --> 00:22:14,040 publisher, the Block. Here's Nick Carter kind of 435 00:22:14,040 --> 00:22:16,400 making fun of it. And he says White House campaign 436 00:22:16,400 --> 00:22:18,720 strategy. We've been harassing crypto for 437 00:22:18,720 --> 00:22:20,840 four years and it might cost us an election. 438 00:22:20,840 --> 00:22:23,960 What should we do junior aide? Undo some of those anti crypto 439 00:22:23,960 --> 00:22:25,760 policies? The strategist. 440 00:22:25,760 --> 00:22:28,320 No, that won't do Mr. President Biden is asleep. 441 00:22:28,320 --> 00:22:30,480 Senior aide. What about a minuscule cosmic 442 00:22:30,480 --> 00:22:33,720 change which alters absolutely nothing but allows us to posture 443 00:22:33,720 --> 00:22:37,360 as being probic pro crypto? And then in parentheses, it says 444 00:22:37,520 --> 00:22:40,040 Biden giggles in his sleep dreaming about ice cream. 445 00:22:40,040 --> 00:22:46,360 His aides interpret it. Oh, man, dude, that is 446 00:22:46,440 --> 00:22:49,160 absolutely savage. And normally, you know, I, I 447 00:22:49,160 --> 00:22:51,720 wouldn't, I would, I would remain neutral. 448 00:22:52,040 --> 00:22:55,120 But again, I think, I think his administration has been 449 00:22:55,120 --> 00:22:57,800 extremely hostile. And we have to remember they 450 00:22:57,800 --> 00:23:00,080 made it political. We didn't make it political. 451 00:23:00,080 --> 00:23:02,080 It was them that made it political. 452 00:23:02,280 --> 00:23:05,120 So I mean, it's just interesting that they're trying to walk it 453 00:23:05,120 --> 00:23:08,480 back. And again, like, I, I think it's 454 00:23:08,480 --> 00:23:11,320 important that we remember all the things that they've done cuz 455 00:23:11,320 --> 00:23:14,440 it's, we talk a lot about this, but I think it's important to 456 00:23:14,440 --> 00:23:16,680 remember what are the actual things. 457 00:23:16,680 --> 00:23:20,400 And I think Nick Carter, like laid it out perfectly in this 458 00:23:20,400 --> 00:23:22,200 suite. And it says under Biden, the 459 00:23:22,200 --> 00:23:25,120 administration bullied the banks into dropping crypto clients, 460 00:23:25,640 --> 00:23:28,520 engaged in law fair against every major exchange and token 461 00:23:28,520 --> 00:23:30,760 project. Harassed Bitcoin miners and 462 00:23:30,760 --> 00:23:32,800 tried to bully utilities into dropping them. 463 00:23:33,080 --> 00:23:36,160 Forced a great number of high quality projects and stable 464 00:23:36,160 --> 00:23:38,800 coins abroad. Refused to clarify securities 465 00:23:38,800 --> 00:23:41,120 law while haphazardly enforcing it. 466 00:23:41,360 --> 00:23:44,600 Block balled the Bitcoin ETF until the court forced approved. 467 00:23:45,240 --> 00:23:48,440 Made D5 virtually illegal in the US Made participating in Dallas 468 00:23:48,440 --> 00:23:50,560 legally risky. Made blockchain privacy 469 00:23:50,560 --> 00:23:52,960 effectively illegal. Refused to let banks touch 470 00:23:52,960 --> 00:23:55,280 crypto. Veto the overturn of that rule 471 00:23:55,280 --> 00:23:58,520 which Congress protested. Dropped crypto specific bank 472 00:23:58,520 --> 00:24:01,560 charters and denied charters to new crypto focused banks. 473 00:24:01,840 --> 00:24:05,400 Refused to pass any clarifying legislation until crypto becomes 474 00:24:05,400 --> 00:24:09,760 existential for the campaign and they have the absolute temidry 475 00:24:09,920 --> 00:24:12,560 to think we're going to donate crypto to the I mean, that's a 476 00:24:12,560 --> 00:24:16,000 good point. Like this is like like they're 477 00:24:16,000 --> 00:24:19,440 pandering, but like it's like, I don't believe it. 478 00:24:19,520 --> 00:24:21,080 It's just like they haven't changed too. 479 00:24:21,080 --> 00:24:24,520 Like the guy vetoed one of the, you know, one of the most recent 480 00:24:25,120 --> 00:24:27,760 things that they tried to pass in Congress like recently. 481 00:24:28,520 --> 00:24:31,400 So I just don't believe it. And it's just interesting how 482 00:24:31,800 --> 00:24:35,160 this has escalated so quickly. I think a lot of us inherently 483 00:24:35,160 --> 00:24:38,280 knew that and that eventually there was going to be a clash. 484 00:24:38,280 --> 00:24:40,080 This is the separation of money in state. 485 00:24:40,360 --> 00:24:42,720 I just didn't think we're going to, you know, it was going to 486 00:24:42,800 --> 00:24:47,200 just become this like mainstream issues so quickly. 487 00:24:47,840 --> 00:24:52,000 And I think that's, you know, Trump going out and meeting with 488 00:24:52,000 --> 00:24:56,000 the CEOs of these public miners and, you know, saying basically 489 00:24:56,000 --> 00:24:58,840 like, look, I'll be anti CBDC pro Bitcoin. 490 00:24:58,840 --> 00:25:00,760 We'll I'll protect the Bitcoin. He didn't even say I'll protect 491 00:25:00,760 --> 00:25:02,560 the Bitcoin mining. She's like, I want all the 492 00:25:02,560 --> 00:25:05,960 Bitcoin to be mined in the USA. Like that is absolutely nuts, 493 00:25:05,960 --> 00:25:08,760 which is not a good thing, but is a good thing in the sense 494 00:25:08,760 --> 00:25:13,040 that it will get nation states to compete for the hash rate. 495 00:25:13,080 --> 00:25:15,920 Max Kaiser calls this the hash roar, right? 496 00:25:15,960 --> 00:25:18,320 And he says he's making basically making the argument 497 00:25:18,520 --> 00:25:22,360 that this hash roar, that this hash rate war is going to be one 498 00:25:22,360 --> 00:25:25,520 of the catalysts that sends Bitcoin to potentially 500K 499 00:25:25,520 --> 00:25:29,200 according to Max Kaiser anyways. And the article goes on to say 500 00:25:30,000 --> 00:25:32,920 Bitcoin will hit 500,000 because the United States will start a 501 00:25:32,960 --> 00:25:35,280 giant hash war with Iran and Venezuela. 502 00:25:35,480 --> 00:25:37,760 And it's already started. In the latest episode of the 503 00:25:37,760 --> 00:25:40,080 Kaiser Report TV show, Max Kaiser predicted that the 504 00:25:40,120 --> 00:25:42,200 Iranian and Venezuela regimes wood forest the Trump 505 00:25:42,200 --> 00:25:45,040 administration to embrace BTC. You know what's crazy about 506 00:25:45,040 --> 00:25:50,280 this? This was written in 20/20/2020. 507 00:25:50,680 --> 00:25:54,200 Hit the nail on the effing head. Anyways, in the latest episode 508 00:25:54,200 --> 00:25:57,440 of his Kaiser Report TV show, Max Kaiser predicted that the 509 00:25:57,440 --> 00:25:59,440 Iranian and Venezuelan regimes wood forest the Trump 510 00:25:59,440 --> 00:26:03,200 administration to embrace BTC. And it goes on to say thanks. 511 00:26:03,200 --> 00:26:05,800 Since Iran potentially controlling 3% of the Bitcoin 512 00:26:05,800 --> 00:26:08,840 hash rate already and Venezuela briefly, the US joining the 513 00:26:08,840 --> 00:26:11,520 fight for Bitcoin supremacy is only a matter of time. 514 00:26:11,840 --> 00:26:14,520 And then at some point America will say we've got to enter the 515 00:26:14,520 --> 00:26:16,800 21st century race of mining Bitcoin. 516 00:26:17,080 --> 00:26:20,680 And then they'll seek to they'll, they'll try to seek 20% 517 00:26:20,680 --> 00:26:23,720 of the hash rate and then security goes up dramatically 518 00:26:23,720 --> 00:26:26,280 and the price goes to 400 to 500,000. 519 00:26:26,520 --> 00:26:29,280 For Kaiser repeating previous arguments, Bitcoin represents 520 00:26:29,280 --> 00:26:32,560 the Reformation of free speech, which governments deny citizens 521 00:26:32,560 --> 00:26:36,000 by controlling the currency and therefore the in the entirety of 522 00:26:36,000 --> 00:26:38,200 their position within the state. Quote. 523 00:26:38,200 --> 00:26:40,440 Bitcoin is the Mona Lisa of the 21st century. 524 00:26:40,440 --> 00:26:43,160 It's self aware, it's observing us through the quantum 525 00:26:43,160 --> 00:26:46,480 mechanical aspects of technology and it's channeling the eyes of 526 00:26:46,480 --> 00:26:49,440 God. Whoa, OK, so this is God looking 527 00:26:49,440 --> 00:26:52,680 at us through the protocol and trying to figure out how do we 528 00:26:52,680 --> 00:26:56,000 fix this human species because they've gone way off track due 529 00:26:56,000 --> 00:26:59,960 to central banking, unsensible, unconfiscatable, indestructible 530 00:26:59,960 --> 00:27:02,800 wealth. The current situation on macro 531 00:27:02,800 --> 00:27:05,600 matters versus the suffering of many Americans. 532 00:27:05,800 --> 00:27:08,560 And he's referencing some of the political speeches that happened 533 00:27:08,720 --> 00:27:11,240 over the last four years, anger with the government and the 534 00:27:11,240 --> 00:27:14,640 dilution of the US dollar. Contrast with stock markets 535 00:27:14,640 --> 00:27:17,560 seeing seeing their best quarters since 2011. 536 00:27:17,560 --> 00:27:20,400 At the same time, the Federal Reserve has taken ownership of 537 00:27:20,400 --> 00:27:24,960 huge, huge chunks of equity markets equal to 30% of USGDP. 538 00:27:25,320 --> 00:27:27,160 I mean, here's the last quote he says. 539 00:27:27,160 --> 00:27:30,280 The truth is, if you want individual sovereignty, if you 540 00:27:30,280 --> 00:27:33,200 want justice, if you want unsensible, unconfiscatable, 541 00:27:33,200 --> 00:27:36,440 indestructible wealth, there's only one way to go and that's 542 00:27:36,440 --> 00:27:39,040 Bitcoin. I mean, dude, like, I don't even 543 00:27:39,040 --> 00:27:42,680 know what else to say. Like this is absolutely insane 544 00:27:42,880 --> 00:27:45,160 that he wrote this article back in 20. 545 00:27:45,360 --> 00:27:47,120 And I'll give simply some credit too. 546 00:27:47,120 --> 00:27:50,440 I mean, Opti, I think we said like multiple times when we were 547 00:27:50,440 --> 00:27:53,800 talking on the show, especially when the Biden administration 548 00:27:53,800 --> 00:27:57,360 initially took their steps towards the industry. 549 00:27:57,600 --> 00:28:00,800 And I think really the straw that broke the camel's back is 550 00:28:00,880 --> 00:28:05,160 the arrest of the samurai guys. I saw the industry just wake up 551 00:28:05,320 --> 00:28:07,240 after that happened. That was like a catalyst. 552 00:28:07,240 --> 00:28:10,560 That was like the moment that sparked something. 553 00:28:10,920 --> 00:28:15,280 I remember I was so upset. And before that we on simply 554 00:28:15,280 --> 00:28:19,360 Bitcoin, we've always taken this, you know, this, this 555 00:28:19,360 --> 00:28:21,080 neutral stance when it came to it. 556 00:28:21,080 --> 00:28:24,320 But that that episode, I came to the realization that like, look, 557 00:28:24,880 --> 00:28:28,040 use common sense. There's two sides RFK there, 558 00:28:28,040 --> 00:28:31,320 there's two sides, RFK junior and Trump on one side that have 559 00:28:31,320 --> 00:28:35,040 taken an anti CBDC stance, a pro Bitcoin stance. 560 00:28:35,400 --> 00:28:39,520 And on the other side, you have a president who has taken an 561 00:28:39,520 --> 00:28:43,200 anti Bitcoin stance and a pro CBDC stance. 562 00:28:43,480 --> 00:28:45,800 And I said like, look, like I think this is inevitable. 563 00:28:45,800 --> 00:28:48,000 I think that this is going to become political and it, and it 564 00:28:48,000 --> 00:28:51,880 started like ever so slowly. Like initially it was the, it 565 00:28:51,880 --> 00:28:53,680 wasn't any of the primary candidates. 566 00:28:53,680 --> 00:28:57,080 It was like RFK, it was Ron DeSantis, you know, it's like 567 00:28:57,080 --> 00:28:59,960 people on the side, but it wasn't really anyone in the top. 568 00:29:00,520 --> 00:29:04,120 And then all of a sudden, like the more they press, it's almost 569 00:29:04,120 --> 00:29:08,080 as if the more Bitcoin, the more stronger Bitcoin gets, right, 570 00:29:08,800 --> 00:29:11,720 Which doesn't surprise me, but it's just, it's, it's still 571 00:29:11,720 --> 00:29:16,520 surprising to see for the first time because you're seeing it in 572 00:29:16,560 --> 00:29:18,640 discussions that you would have never have imagined. 573 00:29:18,640 --> 00:29:23,200 Like I remember 2017 like we, like, I could never like that. 574 00:29:23,320 --> 00:29:25,920 You could have never have imagined this in your wildest 575 00:29:25,920 --> 00:29:28,720 dreams. Yet here we are, which I find 576 00:29:28,720 --> 00:29:30,800 interesting. Now I'll pass it on to Kent. 577 00:29:31,120 --> 00:29:33,600 Kent. I mean, I, I think Kaiser hit 578 00:29:33,600 --> 00:29:36,480 the nail on the head and I think he was just, he understood, he 579 00:29:36,480 --> 00:29:38,160 understands the game theory of Bitcoin. 580 00:29:38,160 --> 00:29:40,920 If you understand the game theory of Bitcoin, then a lot of 581 00:29:40,920 --> 00:29:45,320 these predictions, it's not like a question of will this happen, 582 00:29:45,320 --> 00:29:47,400 It's a question of when will this happen. 583 00:29:48,080 --> 00:29:50,520 If you understand Bitcoins incentives, you fundamentally 584 00:29:50,520 --> 00:29:53,200 understand at the core that we've already won. 585 00:29:53,360 --> 00:29:55,960 What they could do is they could try to slow it, but they can't 586 00:29:55,960 --> 00:29:58,360 stop it. And if they can't stop it, then 587 00:29:58,360 --> 00:30:01,920 it's just a matter of time before countries worldwide, 588 00:30:01,920 --> 00:30:05,960 which by the way, when Kaiser wrote that article, Bhutan 589 00:30:05,960 --> 00:30:09,560 wasn't mining Bitcoin, El Salvador wasn't mining Bitcoin. 590 00:30:10,360 --> 00:30:12,600 I remember there was a change in tune by the government of 591 00:30:12,600 --> 00:30:14,480 Paraguay. They went from, oh, we have to 592 00:30:14,480 --> 00:30:17,440 ban this thing to actually, no, this is an essential part of the 593 00:30:17,440 --> 00:30:21,280 energy sector. But this is happening worldwide 594 00:30:21,280 --> 00:30:24,520 where you see politicians attack Bitcoin and they fall flat. 595 00:30:24,840 --> 00:30:26,160 And it's just fascinating to see. 596 00:30:26,160 --> 00:30:30,360 What's your take, Ken? Man, I just think Satoshi 597 00:30:31,240 --> 00:30:36,400 harnessed human self-interest and I think we all capitulate at 598 00:30:36,400 --> 00:30:38,800 some point or another to the incentives of Bitcoin. 599 00:30:38,920 --> 00:30:42,480 And it is inevitable from my standpoint. 600 00:30:42,600 --> 00:30:46,840 And it has to be fought for. And I think that all the all the 601 00:30:46,840 --> 00:30:51,080 plebs and Bitcoiners that have been in the ring fighting to 602 00:30:51,080 --> 00:30:54,320 drive adoption here is ultimately what pushed it up to 603 00:30:54,400 --> 00:30:58,320 the political class, the RF KS and the and the Trump's. 604 00:30:58,320 --> 00:31:01,320 I mean, you look at it, they're politicians that need votes, 605 00:31:01,320 --> 00:31:03,160 right? And they realize that there's 606 00:31:03,160 --> 00:31:07,080 enough of us out there that our vote carries water and they need 607 00:31:07,080 --> 00:31:10,160 to cater to it. And it is not a surprise to me 608 00:31:10,200 --> 00:31:14,000 that we see even the Biden camp starting to put lipstick on a 609 00:31:14,000 --> 00:31:17,200 pig with their approach here to saying they're pro Bitcoin, 610 00:31:17,200 --> 00:31:20,240 right? So none of this seems shocking 611 00:31:20,240 --> 00:31:23,120 or surprising except for the pace, right? 612 00:31:23,120 --> 00:31:26,040 I think that that is the thing that that gets me as well. 613 00:31:26,040 --> 00:31:29,920 Nico is holy cow. Like I got in, got my first corn 614 00:31:29,920 --> 00:31:34,160 at the end of 2015. And remember reading people, you 615 00:31:34,160 --> 00:31:37,240 know, the O GS, like, holy cow, this is this is going to play 616 00:31:37,240 --> 00:31:39,640 out in XYZ sort of way. And it's like, yeah, I guess I 617 00:31:39,640 --> 00:31:43,400 can kind of see that. And now to see it like playing 618 00:31:43,400 --> 00:31:47,680 out exactly as prescribed and you've got the profit like Max 619 00:31:47,680 --> 00:31:50,000 Keiser, which I don't know any other word to accurately 620 00:31:50,000 --> 00:31:51,480 describe him. Don't agree with all of his 621 00:31:51,480 --> 00:31:54,800 takes, but he's been dead on the money following incentives all 622 00:31:54,800 --> 00:31:56,880 the way through since Bitcoin was what, 1/4? 623 00:31:57,840 --> 00:32:01,720 I mean, it's just phenomenal to see how how, how accurately you 624 00:32:01,720 --> 00:32:05,080 can predict the future with Bitcoin's adoption just given 625 00:32:05,080 --> 00:32:07,440 the incentives that are inherent in the system. 626 00:32:07,440 --> 00:32:11,280 So yeah, I continue to just grow more and more bullish and and 627 00:32:11,280 --> 00:32:15,040 convinced and convicted in my in my holdings of Bitcoin. 628 00:32:15,760 --> 00:32:17,520 Absolutely. I mean that that's something 629 00:32:17,520 --> 00:32:22,080 like it, it, it, you know, as time progresses it it's just 630 00:32:22,280 --> 00:32:25,320 'cause you go, you spend, I would say the first two years in 631 00:32:25,320 --> 00:32:28,880 Bitcoin like questioning your actions like like, you know, can 632 00:32:28,880 --> 00:32:31,240 this thing be banned? Could this thing be stopped? 633 00:32:32,000 --> 00:32:34,200 This this thing like are my private keys OK? 634 00:32:34,200 --> 00:32:36,520 How's myself custody? Like you go through like, what 635 00:32:36,520 --> 00:32:38,320 is mining? Like you go through this like 636 00:32:38,520 --> 00:32:41,800 rabbit hole of existential questions of like what am I 637 00:32:41,800 --> 00:32:44,440 doing and what I'm, what is this, you know, and then 638 00:32:44,440 --> 00:32:47,360 sprinkle into that the price action, which like just fucks 639 00:32:47,360 --> 00:32:50,200 with your emotions and paddling it easy on you. 640 00:32:50,400 --> 00:32:53,600 Like it's easy in practice. It's not easy in, in the, in 641 00:32:53,600 --> 00:32:56,680 actually doing it. But through that kind of rabbit 642 00:32:56,680 --> 00:32:59,440 hole through, you know, going through the gauntlet, of course, 643 00:32:59,440 --> 00:33:02,520 your conviction gets stronger. You start to learn a lot 644 00:33:02,560 --> 00:33:05,120 everything and anything about Bitcoin 'cause you're as your 645 00:33:05,120 --> 00:33:07,680 net worth goes up, you're like, what am I actually holding? 646 00:33:07,680 --> 00:33:10,640 What is this like? Do I really actually own those 647 00:33:10,640 --> 00:33:12,520 private keys? Like am I taking self cussy? 648 00:33:12,520 --> 00:33:14,840 Am I running a node? You know, should I get into my 649 00:33:14,840 --> 00:33:18,440 you go through all of these kind of questions as an individual, 650 00:33:18,440 --> 00:33:20,760 as a Bitcoin holder and it's I think it's just part of the 651 00:33:20,760 --> 00:33:23,240 course anyways, Opti, what's your what's your take on this 652 00:33:23,240 --> 00:33:26,040 bro? That was some like, you know, 653 00:33:27,080 --> 00:33:32,560 crazy next level like Alex Jones, the the futures news 654 00:33:32,560 --> 00:33:36,840 today prediction by Kaiser. Dude, he actually, he hit the 655 00:33:36,840 --> 00:33:40,680 ball out of the park, bro calling that Trump inevitably 656 00:33:40,680 --> 00:33:42,760 getting into Bitcoin back in 2020. 657 00:33:43,000 --> 00:33:44,640 It's, it's, it's absolutely insane. 658 00:33:45,560 --> 00:33:51,080 Yeah, I mean, Max Kaiser is the type of cosmic Bitcoin rants and 659 00:33:51,080 --> 00:33:59,160 content that I'm here for. That's and and it really just 660 00:33:59,160 --> 00:34:02,240 goes to show if you stay bullet hearted enough and you work from 661 00:34:02,240 --> 00:34:05,520 first print first principles like Bitcoin fundamentals, you 662 00:34:05,520 --> 00:34:07,880 will always be right on a long enough time frame, you will 663 00:34:07,880 --> 00:34:12,239 always be right. So shut up, Max Kaiser News that 664 00:34:12,239 --> 00:34:15,120 we saw come out yesterday. It it's too little too late as 665 00:34:15,120 --> 00:34:18,280 far as I'm concerned. And I really just can't wait 666 00:34:18,280 --> 00:34:21,760 until the Biden administration flip flops on that stance next 667 00:34:21,760 --> 00:34:25,080 week as well, because that seems to be the pattern that, you 668 00:34:25,080 --> 00:34:27,800 know, embrace it a little bit. And then the next week they do 669 00:34:27,800 --> 00:34:29,920 something to undermine their position. 670 00:34:29,920 --> 00:34:33,560 So I'm guessing next week we'll see something else that that 671 00:34:33,600 --> 00:34:35,400 basically plays into that pattern. 672 00:34:35,840 --> 00:34:39,199 And I'd like to everyone in the chat basically saying and where 673 00:34:39,199 --> 00:34:41,639 we all are, are agreeing and saying the same thing. 674 00:34:41,639 --> 00:34:45,360 Like we all know politicians pander to get votes, but this is 675 00:34:45,360 --> 00:34:48,880 the worst kind and the most ineffective form of persuasion 676 00:34:48,880 --> 00:34:52,000 I've seen from a politician in a long time, which I think is 677 00:34:52,000 --> 00:34:54,719 saying something, you know, like, I'm glad that we brought 678 00:34:54,719 --> 00:34:57,480 up the Nick Carter tweet because it lays out everything they've 679 00:34:57,480 --> 00:34:59,920 done the last couple of years to fight Bitcoin. 680 00:35:00,160 --> 00:35:02,880 And now they're like, oh, look, we're taking Bitcoin donations. 681 00:35:02,880 --> 00:35:04,480 We're cool. It's literally like the the 682 00:35:04,480 --> 00:35:07,000 Steve Buscemi meme. Like, hello, fellow kids. 683 00:35:07,000 --> 00:35:10,600 Like I'm here to join the party. And it's like, man, this is not 684 00:35:10,720 --> 00:35:14,120 going to get votes. And of course, I, I, I'd be 685 00:35:14,120 --> 00:35:17,240 remissed here if I didn't say, don't give politicians your 686 00:35:17,240 --> 00:35:20,400 Bitcoin, any side of the aisle huddle your Bitcoin. 687 00:35:20,400 --> 00:35:22,160 This is the point of stacking Bitcoin. 688 00:35:22,160 --> 00:35:25,760 It's to, you know, make a vote to opt out of the system. 689 00:35:25,760 --> 00:35:28,640 And the more money you give them, the longer they stay in 690 00:35:28,640 --> 00:35:30,440 power. So as much as they want our 691 00:35:30,440 --> 00:35:33,600 Bitcoin, don't give it to them. But it really just goes to show 692 00:35:33,640 --> 00:35:36,240 a very pivotal point that we've been saying for a long time. 693 00:35:36,480 --> 00:35:39,560 And now at least it's breaking into the mainstream of just how 694 00:35:39,560 --> 00:35:43,360 powerful a movement and a political class, quote UN quote, 695 00:35:43,360 --> 00:35:45,400 if if I could say that that Bitcoin is are. 696 00:35:45,680 --> 00:35:48,320 And I remember saying this last year, and I always forget in 697 00:35:48,360 --> 00:35:52,360 regards to what the topic was, but something came out from 698 00:35:52,360 --> 00:35:55,400 Washington, DC. It was some, I forget, they were 699 00:35:55,400 --> 00:35:57,840 like fighting Bitcoin and Bitcoiners stood up. 700 00:35:57,920 --> 00:36:00,520 And in one of the official articles coming out from the 701 00:36:00,520 --> 00:36:04,240 legacy media, they basically said that as a voting bloc, 702 00:36:04,240 --> 00:36:06,920 Bitcoiners are one of the biggest voting blocs and hence 703 00:36:06,920 --> 00:36:09,160 why they're trying to pander for our vote and hence why they're 704 00:36:09,160 --> 00:36:12,760 now trying to make sure that they're on our side. 705 00:36:12,760 --> 00:36:16,000 So just goes to show that as a Bitcoiner, we're on the right 706 00:36:16,000 --> 00:36:18,560 side of history. No amount of gaslighting is 707 00:36:18,560 --> 00:36:22,280 going to stop this movement. And now, you know, I mean, 708 00:36:22,280 --> 00:36:24,840 obviously if you study Bitcoin, you've been around Bitcoin long 709 00:36:24,840 --> 00:36:26,120 enough, then, you know, you're right. 710 00:36:26,120 --> 00:36:28,520 But now you're starting to see this play out. 711 00:36:28,520 --> 00:36:30,640 And we've been saying for a while, like we thought this was 712 00:36:30,640 --> 00:36:32,840 going to play out a couple years from now and it's happening 713 00:36:32,840 --> 00:36:36,200 quicker than we thought. So, you know, 500 K this year or 714 00:36:36,200 --> 00:36:38,400 next year, Nico, I, I agree with Kaiser. 715 00:36:38,400 --> 00:36:40,960 Let's go Bull market incoming. Let's go. 716 00:36:40,960 --> 00:36:42,800 And it's important to remember everybody. 717 00:36:42,920 --> 00:36:46,960 And also shout out to Balaji because he absolutely hit 718 00:36:47,920 --> 00:36:48,880 Balaji. Thanks, Opti. 719 00:36:49,680 --> 00:36:53,080 He killed it with this. The next one isn't red versus 720 00:36:53,080 --> 00:36:58,720 blue, it's orange versus green, BTC versus USD for all the 721 00:36:58,800 --> 00:37:02,160 marbles. Like, absolutely hit the nail on 722 00:37:02,160 --> 00:37:03,840 the head with this. This is something that we've 723 00:37:03,840 --> 00:37:06,680 been echoing on the show many, many times. 724 00:37:07,040 --> 00:37:09,760 Honestly, I thought I coined it, but apparently not. 725 00:37:10,720 --> 00:37:14,360 But wow, it's something. Niko just straight up ripping. 726 00:37:14,360 --> 00:37:15,760 Stuff down. I mean I didn't. 727 00:37:16,520 --> 00:37:19,320 This is the first time someone someone tweeted this. 728 00:37:19,320 --> 00:37:21,480 I think it was in our Telegram or something in the orange pull 729 00:37:21,480 --> 00:37:25,400 up and I was like, holy crap, this is something that we've 730 00:37:25,400 --> 00:37:27,400 been saying on the show. So I think it's important to 731 00:37:27,400 --> 00:37:30,720 remember that guys, fundamentally it's not Democrat 732 00:37:30,720 --> 00:37:33,480 versus Republican, it's not red versus blue, it's not liberal 733 00:37:33,480 --> 00:37:37,080 versus conservative. Really it's people that are pro 734 00:37:37,080 --> 00:37:41,360 Bitcoin or anti Bitcoin. If you're anti Bitcoin, I can 735 00:37:41,360 --> 00:37:43,960 tell you that you're pro censorship, most likely, that 736 00:37:43,960 --> 00:37:48,920 you're pro authoritarian, you're pro war, you're pro slavery and 737 00:37:48,920 --> 00:37:50,880 all those things. Like if you're pro Fiat, if 738 00:37:50,880 --> 00:37:54,200 you're pro USD, you're all those things because I don't think 739 00:37:54,200 --> 00:37:56,840 Fiat can exist without an element of coercion. 740 00:37:56,840 --> 00:38:01,280 It needs to coerce people into the system versus Bitcoin, it's 741 00:38:01,280 --> 00:38:03,680 a voluntary system. It's just bitcoins incentives, 742 00:38:03,680 --> 00:38:05,280 like Bitcoins incentives are the best. 743 00:38:05,280 --> 00:38:08,040 That's why people adopt it. There is no government trying to 744 00:38:08,040 --> 00:38:09,680 coerce people into using Bitcoin. 745 00:38:09,680 --> 00:38:11,680 It's just people are just like, this is superior money. 746 00:38:11,680 --> 00:38:13,320 This is better for me and my family. 747 00:38:13,560 --> 00:38:14,880 That's why I'm going to use it, right? 748 00:38:15,200 --> 00:38:16,920 So I find that really, really interesting. 749 00:38:16,920 --> 00:38:20,560 And that's something important to keep in mind as this election 750 00:38:20,560 --> 00:38:23,480 year moves forward. And during election years, 751 00:38:23,480 --> 00:38:26,040 things get heated, right? Things get heated. 752 00:38:26,040 --> 00:38:28,480 People are like, they don't like certain political candidates. 753 00:38:28,480 --> 00:38:31,440 And what I got to say is that look, there's two candidates 754 00:38:31,440 --> 00:38:34,280 that are pro Bitcoin. We have Trump and we have RFK. 755 00:38:34,560 --> 00:38:37,240 If you don't like Trump, then vote RFK. 756 00:38:37,400 --> 00:38:40,880 But what I can tell you is that if you vote Biden, you're voting 757 00:38:40,920 --> 00:38:45,840 for Fiat, you're voting for pro CDBCBDC. 758 00:38:46,080 --> 00:38:49,160 And I would say that's not a good thing in my opinion 759 00:38:49,200 --> 00:38:51,600 anyways. Or you could take the camp of 760 00:38:51,600 --> 00:38:55,080 Opti, right, which is like acceleration is maxi. 761 00:38:55,360 --> 00:38:58,440 It's like, let's just set the like, let the system burn even 762 00:38:58,440 --> 00:39:00,800 quicker. Let the final battle commence so 763 00:39:00,800 --> 00:39:04,120 we can win once and for all. Personally, I don't want to be 764 00:39:04,120 --> 00:39:07,200 in a gulag, but that's, you know, that's. 765 00:39:07,400 --> 00:39:09,160 The gulags are going to be lit. I don't know what you're talking 766 00:39:09,160 --> 00:39:10,440 about. Do you think they'll let us live 767 00:39:10,440 --> 00:39:14,440 stream from the gulag? We're basically already doing 768 00:39:14,440 --> 00:39:16,960 it, so yes. That's deep, that's deep all 769 00:39:17,000 --> 00:39:21,120 right, everybody, before we get on to the culture and talk about 770 00:39:21,120 --> 00:39:25,760 SAS mining talk also about Kent, I do want to give a very special 771 00:39:25,760 --> 00:39:28,560 shout out to our leads. No, these Potter, one of our 772 00:39:28,560 --> 00:39:31,280 sponsors, a great sponsor. Of course I'm talking about 773 00:39:31,280 --> 00:39:34,720 orange pill app. It's it's the Bitcoin social 774 00:39:34,720 --> 00:39:39,840 layer stack friends who stack SAT's joined the 10,826 bit 775 00:39:39,840 --> 00:39:43,320 corners that are currently on the app has a really cool 776 00:39:43,320 --> 00:39:45,760 geographical feature. So if you're traveling, you move 777 00:39:45,760 --> 00:39:48,040 to a new city, you don't know any bit corners near you. 778 00:39:48,040 --> 00:39:50,760 You can pull up the orange pull up and it will literally show 779 00:39:50,760 --> 00:39:53,240 you. Has also a a filtration system 780 00:39:53,240 --> 00:39:56,720 so you'll only find like minded and fellow bit corners on the 781 00:39:56,720 --> 00:39:59,280 application is the best place to DM me. 782 00:39:59,480 --> 00:40:01,040 Can't really find me anywhere else. 783 00:40:01,200 --> 00:40:03,960 So if you want to reach me directly, I do answer every 784 00:40:03,960 --> 00:40:06,520 single person that sends me a message on orange pull up you 785 00:40:06,520 --> 00:40:07,960 can find me. On Orange Palat. 786 00:40:07,960 --> 00:40:09,920 All right, everybody, let's get to the culture. 787 00:40:10,040 --> 00:40:11,600 Talk about SAS mining. Here we go. 788 00:40:15,680 --> 00:40:24,760 The daily culture. All right, everybody, I do want 789 00:40:24,760 --> 00:40:26,680 to give a shout out to our sponsor as well. 790 00:40:26,880 --> 00:40:29,400 Kabir Racks. 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Access their vast network of 799 00:40:47,200 --> 00:40:49,560 domestic and international customers when you sell your 800 00:40:49,560 --> 00:40:50,680 mining equipment with Boom Racks. 801 00:40:50,960 --> 00:40:52,120 They'll check out Boom Racks today. 802 00:40:52,120 --> 00:40:55,520 Scan the QR code or check the link in the video description 803 00:40:56,080 --> 00:40:58,320 saying did we miss the news? No, we hit the news, brother. 804 00:40:58,480 --> 00:41:00,360 We talked. About we talked about. 805 00:41:00,560 --> 00:41:03,080 Passport and Foundation and all that stuff. 806 00:41:03,400 --> 00:41:05,160 And. Anyways, today we're gonna talk 807 00:41:05,160 --> 00:41:09,240 about SAS Mining. SAS Mining is is an incredible 808 00:41:09,240 --> 00:41:13,480 company and for full clarity and transparency, I am an advisor, 809 00:41:13,640 --> 00:41:17,640 but I wouldn't be advising a company that I truly didn't 810 00:41:17,640 --> 00:41:20,360 believe in. So it's Bitcoin only and they're 811 00:41:20,360 --> 00:41:24,720 making the barrier to entry into mining incredibly. 812 00:41:24,800 --> 00:41:26,040 Like you guys are making it seamless. 813 00:41:26,040 --> 00:41:27,840 You guys are making it easy to do. 814 00:41:27,840 --> 00:41:32,680 And I love the, the, the, the me and Kent were talking earlier 815 00:41:32,680 --> 00:41:34,840 on. I'm like, dude, so like you're a 816 00:41:34,840 --> 00:41:37,160 Bitcoin hoster. He's like, no, Nico, we're 817 00:41:37,160 --> 00:41:39,240 Bitcoin mining as a service. And then I thought about him. 818 00:41:39,240 --> 00:41:41,360 Like, damn. It is. 819 00:41:41,520 --> 00:41:43,240 Absolutely. As a service. 820 00:41:43,240 --> 00:41:47,200 And that I think comes with the focus that you guys have paid 821 00:41:47,200 --> 00:41:51,000 attention to the UI, the focus that you guys have paid 822 00:41:51,000 --> 00:41:56,240 attention into your reputation, the focus that you guys have put 823 00:41:56,240 --> 00:42:00,040 into just the user experience overall, including the support 824 00:42:00,040 --> 00:42:03,320 as well. And I think that goes a long 825 00:42:03,320 --> 00:42:07,080 way, especially because I'm not gonna name any names, but I 826 00:42:07,080 --> 00:42:10,600 think the hosting industry gotten a bad name for itself 827 00:42:11,240 --> 00:42:14,040 over the last four or five years just because there were some 828 00:42:14,320 --> 00:42:17,400 players that didn't value all the things that I just 829 00:42:17,400 --> 00:42:18,960 mentioned. So. 830 00:42:19,200 --> 00:42:22,600 So, Kent, thank you so much for rejoining us on the show today, 831 00:42:22,600 --> 00:42:24,800 man. And excited to talk about SAS. 832 00:42:25,680 --> 00:42:30,880 Yeah. So we, we saw that when we set 833 00:42:30,880 --> 00:42:33,560 out right like we saw that reputational risk and we said, 834 00:42:33,560 --> 00:42:38,240 hey, you know, the only way to deal with hundreds of people in 835 00:42:38,280 --> 00:42:42,960 a, in a good equitable manner is to build software to automate 836 00:42:42,960 --> 00:42:48,000 processes, create transparency and pair it with quality 837 00:42:48,000 --> 00:42:50,120 customer service. And so that's what we aim to do 838 00:42:50,120 --> 00:42:54,440 from the very beginning, because we, we correctly deduced that 839 00:42:54,720 --> 00:42:58,240 just by building reputation, we could elevate ourselves above 840 00:42:58,240 --> 00:43:00,160 the masses. And so I'm, I think one of the 841 00:43:00,160 --> 00:43:02,520 things that I'm most proud about here at SAZ Mining is that we've 842 00:43:02,520 --> 00:43:04,360 only been growing by word of mouth, right? 843 00:43:05,160 --> 00:43:09,640 Like yourself that, that agreed to be an advisor after we've 844 00:43:09,640 --> 00:43:12,360 been delivering for clients. And you heard our service. 845 00:43:12,360 --> 00:43:14,240 That is how most people are finding us, right? 846 00:43:14,240 --> 00:43:17,240 We had some very early stage people that, that saw what we 847 00:43:17,240 --> 00:43:20,320 were up to and jumped aboard with our first data center in 848 00:43:20,320 --> 00:43:23,080 Wisconsin. And then from that we were able 849 00:43:23,080 --> 00:43:27,360 to to leverage a second data center that we are now almost 850 00:43:27,360 --> 00:43:31,400 done filling in Paraguay. And you know, giving that 851 00:43:31,400 --> 00:43:35,040 opportunity, proving that we can work across multiple nation 852 00:43:35,040 --> 00:43:39,000 states, I think has given us great leverage to to lean out in 853 00:43:39,000 --> 00:43:41,760 the market and say, hey, look, if you're looking for a place to 854 00:43:41,760 --> 00:43:46,320 DCA into a Bitcoin position and do so to lower costs in the 855 00:43:46,320 --> 00:43:48,560 exchange, like you can trust us, right? 856 00:43:48,560 --> 00:43:51,600 Because at the end of the day, there is no way to provide 857 00:43:51,680 --> 00:43:55,560 access to this opportunity without a high trust 858 00:43:55,560 --> 00:44:00,000 relationship with our clients because we have possession of 859 00:44:00,000 --> 00:44:02,720 their mining rigs, but it's their mining rigs, right. 860 00:44:02,720 --> 00:44:05,760 So that's just by definition a high trust relationship and we 861 00:44:05,800 --> 00:44:08,160 recognize that early on and leaned into it and, and 862 00:44:08,160 --> 00:44:12,840 thankfully we've been able to deliver and, and you know, you 863 00:44:12,840 --> 00:44:16,080 can see our Trustpilot reviews are reflecting that that we are 864 00:44:16,080 --> 00:44:17,560 delivering. Absolutely. 865 00:44:18,320 --> 00:44:21,400 If you were to give for any new viewers and like Nico, What the 866 00:44:21,400 --> 00:44:23,680 fuck is SAS mining? What are they talking about? 867 00:44:23,960 --> 00:44:25,800 What is Kent talking about? What are they even talking 868 00:44:25,800 --> 00:44:27,880 about? Can you give a quick elevator 869 00:44:27,880 --> 00:44:30,600 pitch one to two minutes? What is SAS mining? 870 00:44:30,600 --> 00:44:34,880 Why should people care? Yeah, so, so SAS mining, we make 871 00:44:34,880 --> 00:44:37,360 it easy to mine Bitcoin from from your home, right? 872 00:44:37,440 --> 00:44:41,000 So anywhere in the world, a couple clicks on our website and 873 00:44:41,000 --> 00:44:43,640 you can pick up a mining rig with us, buy it traditional 874 00:44:43,640 --> 00:44:46,680 e-commerce style. We procure it, get it shipped, 875 00:44:46,680 --> 00:44:49,360 delivered, deployed. Right now that's in Paraguay at 876 00:44:49,360 --> 00:44:52,960 our data center. And once it's deployed, you set 877 00:44:52,960 --> 00:44:56,680 up a Service plan and on a monthly basis, you get billed 878 00:44:56,680 --> 00:44:59,200 just for the electricity that your mining rig consumes. 879 00:44:59,480 --> 00:45:02,480 And all the Bitcoin that that mining rig produces gets 880 00:45:02,680 --> 00:45:04,280 delivered to your wallet address. 881 00:45:04,520 --> 00:45:06,440 So how does SAS Mining make money? 882 00:45:07,200 --> 00:45:08,880 We don't make money selling mining rigs. 883 00:45:08,880 --> 00:45:11,480 We don't make money selling electricity or maintenance. 884 00:45:11,680 --> 00:45:16,040 Where we do make money is taking just 15% of the block reward and 885 00:45:16,040 --> 00:45:19,640 having the mining pool split that upon payout so that we 886 00:45:19,640 --> 00:45:23,160 receive that to our Bitcoin wallet and you receive your 85% 887 00:45:23,160 --> 00:45:25,200 to your Bitcoin wallet. So we never touch your Bitcoin, 888 00:45:25,800 --> 00:45:28,880 It's yours the entire time. But because the only way we make 889 00:45:28,880 --> 00:45:31,560 money is the same way our clients do, that means we care 890 00:45:31,560 --> 00:45:34,280 about the exact same thing that clients do, which is, hey, how 891 00:45:34,280 --> 00:45:36,240 quickly can we get your rig live? 892 00:45:36,560 --> 00:45:39,800 How do we maximize its compute or hash rate? 893 00:45:40,600 --> 00:45:44,400 And how do we make sure that it is up as long as possible, 894 00:45:44,400 --> 00:45:48,120 regardless if there's curtailment or rig repairs that 895 00:45:48,120 --> 00:45:50,360 are needed. So yeah, that perfect alignment 896 00:45:50,360 --> 00:45:53,640 of incentives and transparency with how we make money I think 897 00:45:53,640 --> 00:45:55,920 has been a key asset as well. Absolutely. 898 00:45:55,920 --> 00:45:59,840 I mean, alignment of incentives as a bitcoiner, incentives make 899 00:45:59,840 --> 00:46:02,680 the world go round, right? And I think it's important for 900 00:46:02,680 --> 00:46:06,600 incentives to align because if not, it's like you're almost 901 00:46:06,600 --> 00:46:10,960 acting if someone is acting unnaturally if it's not, if the 902 00:46:10,960 --> 00:46:12,720 incentive structure is not aligned, right. 903 00:46:13,040 --> 00:46:16,120 So I fundamentally agree with that Opti. 904 00:46:16,920 --> 00:46:20,040 Yeah. Ken, I know you wanted to stress 905 00:46:20,120 --> 00:46:24,280 a point here about you believing that SAZ Mining is disrupting 906 00:46:24,280 --> 00:46:28,120 the Bitcoin exchange industry and your thoughts on it being 907 00:46:28,120 --> 00:46:31,600 the best way to DCA. So let's talk about that and 908 00:46:31,600 --> 00:46:34,360 then we'll talk about the cost of mining like you wanted to us 909 00:46:35,040 --> 00:46:37,720 stress as well. So talk about why you think SAZ 910 00:46:37,720 --> 00:46:39,640 mining is disrupting the exchange game. 911 00:46:40,400 --> 00:46:43,480 Well, I, I'm going to, I'm going to make an argument for not a 912 00:46:43,480 --> 00:46:46,640 very well loved service by a lot of us bitcoiners, but a 913 00:46:46,640 --> 00:46:48,960 Coinbase. When they came along, they 914 00:46:48,960 --> 00:46:53,040 created a user experience on an exchange to acquire Bitcoin and 915 00:46:53,040 --> 00:46:56,760 Bitcoin adoption took off. I I think that there was a clear 916 00:46:56,760 --> 00:46:58,280 inflection point when they came along. 917 00:46:58,680 --> 00:47:02,560 The problem is that the entire exchange based approach to 918 00:47:02,560 --> 00:47:04,600 acquiring Bitcoin is not Bitcoin native. 919 00:47:05,160 --> 00:47:08,200 The way Satoshi designed the network is for people to acquire 920 00:47:08,200 --> 00:47:11,440 Bitcoin by mining. The problem is it's not been 921 00:47:11,440 --> 00:47:14,920 accessible right. So by building this technology 922 00:47:14,920 --> 00:47:17,760 layer that sits on top of the mining stack, what we're 923 00:47:17,760 --> 00:47:22,320 ultimately doing is creating a way to compete with the 924 00:47:22,320 --> 00:47:25,760 exchanges and why it's such a viable approaches. 925 00:47:25,760 --> 00:47:28,120 First of all, it's just better to mine and acquire your own 926 00:47:28,120 --> 00:47:29,320 sats. Like there's nothing more 927 00:47:29,320 --> 00:47:32,840 gratifying than having sats hit your wallet that you created 928 00:47:32,840 --> 00:47:35,640 with your own mining rig. So that's incredibly powering, 929 00:47:35,840 --> 00:47:37,680 but there's a whole host of other benefits, right? 930 00:47:37,680 --> 00:47:41,280 You just purchase your mining rig up front and then the value 931 00:47:41,280 --> 00:47:44,680 of that is being returned to you by the Bitcoin rewards over 932 00:47:44,680 --> 00:47:46,720 time. So it's a DCA process. 933 00:47:46,960 --> 00:47:49,120 And by the way, when you actually go look at what the 934 00:47:49,120 --> 00:47:52,480 cost to mine a Bitcoin is right now, that's lower with us than 935 00:47:52,480 --> 00:47:54,920 going to exchange. Now you still have counterparty 936 00:47:54,920 --> 00:47:57,720 risks with us, right, as compared to an exchange, but 937 00:47:57,720 --> 00:48:00,480 they're different, right? Like we don't have to know 938 00:48:00,480 --> 00:48:03,840 exactly who you are because we're selling hardware and 939 00:48:03,840 --> 00:48:06,440 service, right? We don't have all the regulatory 940 00:48:06,440 --> 00:48:08,720 overhang that comes with running in exchange. 941 00:48:08,920 --> 00:48:12,000 So we don't have to hold on to your identifying information and 942 00:48:12,000 --> 00:48:16,800 potentially have that hacked or or or delivered in a bankruptcy 943 00:48:16,800 --> 00:48:19,240 proceeding. And so for this reason, it is an 944 00:48:19,240 --> 00:48:23,760 alternative way to acquire Bitcoin and to maxify your your 945 00:48:23,760 --> 00:48:25,520 bang for your buck and acquiring your SAT. 946 00:48:25,520 --> 00:48:29,360 So for this reason, I think that as we make it more and more and 947 00:48:29,520 --> 00:48:31,840 you know, to be fair, we're not perfect, right? 948 00:48:31,840 --> 00:48:35,040 We're still a fairly early stage startup and we see where we can 949 00:48:35,040 --> 00:48:38,080 take this business model. And as we continue to remove the 950 00:48:38,080 --> 00:48:40,680 friction, you know, I think we're naturally just going to 951 00:48:40,680 --> 00:48:43,840 peel people away from going to exchanges and other DCA 952 00:48:43,840 --> 00:48:46,680 services. And at right now, at this point, 953 00:48:46,680 --> 00:48:49,880 my argument is just, hey, just diversify how you're DCA ING and 954 00:48:50,040 --> 00:48:51,640 come check out a mining rig with us. 955 00:48:53,040 --> 00:48:54,640 I don't think we've hit on this yet. 956 00:48:54,640 --> 00:48:57,480 Right there, there's an advantage from using an 957 00:48:57,480 --> 00:49:01,200 alternative to using a Bitcoin mining as a service. 958 00:49:01,280 --> 00:49:05,920 And that advantage is that you get Bitcoin cheaper than if you 959 00:49:05,920 --> 00:49:07,960 were to just buy spot Bitcoin. Is that true, Ken? 960 00:49:09,080 --> 00:49:11,560 That is correct. So the way we look at it is 961 00:49:11,560 --> 00:49:14,720 we're leveraging a model that Galaxy Digital put out, right. 962 00:49:14,720 --> 00:49:19,120 So Galaxy Digital was one of the big financiers of Bitcoin mining 963 00:49:19,120 --> 00:49:23,080 rigs by a lot of the the big mining companies, prop companies 964 00:49:23,400 --> 00:49:27,240 and they put out a model, I think it was in 2021 of how do 965 00:49:27,600 --> 00:49:30,120 you evaluate your cost to mine a Bitcoin because everybody was 966 00:49:30,120 --> 00:49:31,880 sort of coming up with their own approach. 967 00:49:31,880 --> 00:49:33,640 So it's nice to have this third party model. 968 00:49:33,920 --> 00:49:37,440 We just plug in this this specific opportunity with our 969 00:49:37,440 --> 00:49:39,920 mining operation. And when you plug it all in, you 970 00:49:39,920 --> 00:49:42,680 can see that the average cost right now to mine a Bitcoin is 971 00:49:42,680 --> 00:49:45,600 about 45 K. Now, how does this model work? 972 00:49:45,600 --> 00:49:47,280 And I think it is important to touch on that. 973 00:49:47,480 --> 00:49:50,920 First of all, it's not a model that is based on the future 974 00:49:50,920 --> 00:49:52,800 price of Bitcoin or the future hash, right? 975 00:49:52,960 --> 00:49:57,160 It is simply saying, hey, if, if I want to mine a Bitcoin today, 976 00:49:57,400 --> 00:50:01,440 how much is it going to cost based on the current dynamics? 977 00:50:01,680 --> 00:50:05,200 And so what's beautiful about that is you avoid the entire 978 00:50:05,800 --> 00:50:08,320 argument about what's Bitcoin's price going to do in the future. 979 00:50:08,320 --> 00:50:10,560 And it's hash, right? You just look today, what is the 980 00:50:10,560 --> 00:50:12,960 cost of mine in Bitcoin? And I think that that makes it 981 00:50:12,960 --> 00:50:17,040 pretty clear and also makes the value proposition for mining 982 00:50:17,240 --> 00:50:20,480 much more because all of us understand what the price of 983 00:50:20,480 --> 00:50:23,440 Bitcoin is. But to bring that to mining has 984 00:50:23,440 --> 00:50:26,960 been, I think, challenging and introduces a whole different set 985 00:50:26,960 --> 00:50:29,320 of metrics. So my argument is, hey, let's 986 00:50:29,320 --> 00:50:31,720 leverage this model that a lot of publicly traded mining 987 00:50:31,720 --> 00:50:34,800 companies are using, plug in our numbers and just make sure to 988 00:50:34,800 --> 00:50:38,880 educate the market like how this model works and you know, can go 989 00:50:38,880 --> 00:50:41,480 play with it yourself. But from our our vantage point, 990 00:50:41,680 --> 00:50:44,920 you know you can DCA into a Bitcoin position right now for 991 00:50:44,920 --> 00:50:47,840 about a 30% discount as compared to the price of Bitcoin on an 992 00:50:47,840 --> 00:50:50,000 exchange. Yeah, love it, love it. 993 00:50:50,000 --> 00:50:54,000 And then and then that gets progressively like if the price 994 00:50:54,000 --> 00:50:57,320 goes crazy, right? Like if we're at 100 and 120 K, 995 00:50:57,320 --> 00:50:59,400 like you get even, you get even bigger discounts. 996 00:50:59,960 --> 00:51:01,480 Is that correct? Yeah, Yeah. 997 00:51:01,480 --> 00:51:04,360 So if the price is suddenly like our, our cost basis does not 998 00:51:04,360 --> 00:51:08,600 change near as much as the price of Bitcoin will, right. 999 00:51:08,600 --> 00:51:11,760 So your cost of your mining rig, yes, it may fluctuate a bit. 1000 00:51:11,760 --> 00:51:15,560 So far it's not moved much with the bull market that we're in. 1001 00:51:16,400 --> 00:51:19,280 So that's good. But hash rate and difficulty do 1002 00:51:19,360 --> 00:51:23,160 do change. And as that changes up, you 1003 00:51:23,160 --> 00:51:26,400 know, if the costs are going to increase, but typically that 1004 00:51:26,400 --> 00:51:28,880 does not move as fast as the price does. 1005 00:51:29,160 --> 00:51:32,360 So you're still going to see a big gap between the price of 1006 00:51:32,360 --> 00:51:36,280 Bitcoin as it runs and your cost to to mine a Bitcoin and it 1007 00:51:36,280 --> 00:51:38,720 should grow. I mean, we've seen it as low as 1008 00:51:38,720 --> 00:51:42,600 about 40% of the the costs on an exchange. 1009 00:51:43,200 --> 00:51:47,000 Absolutely, man, This is this is very, very cool, very 1010 00:51:47,000 --> 00:51:48,840 interesting. And I think a lot of people are 1011 00:51:48,840 --> 00:51:51,400 just they're not aware of it, so to speak. 1012 00:51:51,440 --> 00:51:54,160 Anyways, Opti, what's your take on all this brother? 1013 00:51:55,240 --> 00:51:59,880 I mean, yeah, like if you get cheaper sats for KYC free sats, 1014 00:51:59,880 --> 00:52:03,920 like it's definitely a good, a good idea to consider at the 1015 00:52:03,920 --> 00:52:06,000 very least. And on that point, Ken, you guys 1016 00:52:06,000 --> 00:52:10,520 do have a good visual here on the cost of mining a single 1017 00:52:10,520 --> 00:52:13,160 Bitcoin. So can you educate the audience 1018 00:52:13,160 --> 00:52:15,680 out there what, what exactly are they looking at and what's this 1019 00:52:15,680 --> 00:52:17,880 process like? Yeah. 1020 00:52:17,880 --> 00:52:20,480 So what what you're looking at is an update. 1021 00:52:20,480 --> 00:52:24,160 We, we updated that I think last Monday about 48 K and I just ran 1022 00:52:24,160 --> 00:52:26,440 the numbers as of Friday, it's 45K. 1023 00:52:28,000 --> 00:52:30,280 But what you're looking at is just us trying to make it very 1024 00:52:30,280 --> 00:52:33,800 simple like Hey, your, your, your cost to mine in Bitcoin is 1025 00:52:33,800 --> 00:52:36,640 cheaper than going to an exchange right now and just 1026 00:52:36,640 --> 00:52:39,080 making that comparison. But if you Scroll down a little 1027 00:52:39,080 --> 00:52:42,560 bit, the process is described below for how you get into 1028 00:52:42,560 --> 00:52:45,200 mining, right, which is you purchase your mining rig. 1029 00:52:45,320 --> 00:52:47,400 We get a procured shift to the facility. 1030 00:52:47,920 --> 00:52:51,520 Once it's there, you know, you set up your your payment plan 1031 00:52:52,080 --> 00:52:55,000 and then the rewards go straight to your wallet and it's all done 1032 00:52:55,000 --> 00:52:57,320 in an automated, easy to access way. 1033 00:52:57,320 --> 00:53:01,840 And, and a lot of this was just born from my experience as a 1034 00:53:01,880 --> 00:53:05,480 bitcoiner trying to acquire Bitcoin by mining in Portugal 1035 00:53:05,720 --> 00:53:08,480 and realizing I couldn't do it in a way that was very effective 1036 00:53:08,480 --> 00:53:11,160 and, and tried an in home mining experience. 1037 00:53:11,160 --> 00:53:14,000 And I was like, we, there's got to be a software solution. 1038 00:53:14,320 --> 00:53:17,680 And so, you know, this is, that was a big, big part of the 1039 00:53:17,680 --> 00:53:21,720 inspiration where you are now is we do, we do accept outside 1040 00:53:21,720 --> 00:53:24,920 mining rigs. It takes about 20 mining rigs to 1041 00:53:24,920 --> 00:53:28,240 get shipped to to Paraguay. But we do have some clients that 1042 00:53:28,280 --> 00:53:31,080 have said, Hey, you know, I'm, I've been mining at home or I'm, 1043 00:53:31,160 --> 00:53:33,640 I'm, I'm with another operator and I'm not really happy with 1044 00:53:33,640 --> 00:53:37,120 how that's going. So can I send you my mining rigs 1045 00:53:37,120 --> 00:53:39,720 and we work it out for them. It's a bit of a custom process 1046 00:53:39,720 --> 00:53:43,400 though. I mean, you guys do offer it 1047 00:53:43,400 --> 00:53:45,720 though, right. So yeah, OK. 1048 00:53:45,720 --> 00:53:48,840 And then the but it's 20 miners minimum that that's where it 1049 00:53:48,840 --> 00:53:50,520 makes sense for you guys. Yeah. 1050 00:53:50,520 --> 00:53:53,040 Well, you see that or you kind of have an unknown time delay 1051 00:53:53,040 --> 00:53:56,120 because we need at least a pallet to ship to to Paraguay, 1052 00:53:56,160 --> 00:53:58,040 right And a pallet's about 20 mining rigs. 1053 00:53:58,040 --> 00:54:02,200 So if you're not shipping us a full 20 mining rigs, then we 1054 00:54:02,200 --> 00:54:03,680 need to wait till we accumulate enough. 1055 00:54:04,560 --> 00:54:06,280 Gotcha. Interesting. 1056 00:54:06,280 --> 00:54:07,800 Opti, what's your take on all this, brother? 1057 00:54:08,400 --> 00:54:11,160 Actually, I wanna, I wanna ask a question that was in the chat. 1058 00:54:11,160 --> 00:54:15,360 I think I, I think I lost it. But Kent, someone was saying 1059 00:54:15,360 --> 00:54:19,040 that cloud mining was started 10 years ago and I know you guys 1060 00:54:19,040 --> 00:54:21,360 don't like that framing. So what's the difference between 1061 00:54:21,360 --> 00:54:25,040 SAS mining and Cloud mining? The, the biggest, the biggest 1062 00:54:25,040 --> 00:54:26,560 answer is a serial number, right? 1063 00:54:26,560 --> 00:54:30,240 Like your mining rig is your, your mining rig and we track it 1064 00:54:30,240 --> 00:54:33,160 from the point of procurement. It is your serial number 1065 00:54:33,160 --> 00:54:35,280 attached to your mining rig all the way through. 1066 00:54:35,600 --> 00:54:39,320 And we designed it this way intentionally because what I see 1067 00:54:39,320 --> 00:54:44,960 as cloud mining, it abstracts the hardware from the what you 1068 00:54:44,960 --> 00:54:46,720 own. So it, it separates hardware 1069 00:54:46,720 --> 00:54:49,760 from hash rate. And I think that by doing that, 1070 00:54:49,760 --> 00:54:53,160 it creates an inherent incentive on the business side of the 1071 00:54:53,160 --> 00:54:58,640 model to abstract that and abuse, you know, you do have a 1072 00:54:58,640 --> 00:55:02,080 certain set of control that you can, you can utilize and, you 1073 00:55:02,080 --> 00:55:04,840 know, not not a good way for the customer versus US. 1074 00:55:04,840 --> 00:55:08,720 Like by having every client know and we know whose serial numbers 1075 00:55:08,720 --> 00:55:12,440 or whose we're forced to have a different level of discipline 1076 00:55:12,440 --> 00:55:15,680 that keeps, keeps us from being able to drive the business off 1077 00:55:15,680 --> 00:55:16,960 the rails. And I, I think it's a key 1078 00:55:16,960 --> 00:55:19,360 differentiator. It's much harder to do as well. 1079 00:55:20,160 --> 00:55:22,720 It's much simpler to simply sell hash, right, because it's very 1080 00:55:22,720 --> 00:55:26,240 easy to abstract that that way. But we, we looked at it for two 1081 00:55:26,240 --> 00:55:31,280 reasons. 1, the discipline and, and avoiding that potential 1082 00:55:31,280 --> 00:55:34,280 abuse situation that has occurred in the past. 1083 00:55:34,280 --> 00:55:36,320 Reputationally, it could be damaging. 1084 00:55:36,560 --> 00:55:39,800 And secondly, we looked at and said, you know, the SEC might 1085 00:55:39,800 --> 00:55:41,920 not like that model at some point in the future. 1086 00:55:41,920 --> 00:55:44,880 And if we're just selling hardware and servicing that 1087 00:55:44,880 --> 00:55:48,120 hardware, we're no different than any sort of data compute 1088 00:55:48,120 --> 00:55:52,280 centre and we can kind of, you know, get lost in the the crowd 1089 00:55:52,280 --> 00:55:55,120 of the server based services that are out there. 1090 00:55:55,840 --> 00:55:58,040 Yeah, love it. Ken, I have a question for you. 1091 00:55:58,040 --> 00:56:01,760 I'm just trying to put my, you know, my trying to put myself in 1092 00:56:01,760 --> 00:56:06,120 the shoes of the audience. Bitcoin mining as a service, SAS 1093 00:56:06,120 --> 00:56:11,320 mining, That might seem a little bit out of the technical hands 1094 00:56:11,320 --> 00:56:14,320 of some people who are watching. So if you were to get started, 1095 00:56:14,480 --> 00:56:16,160 right, what would be the process? 1096 00:56:16,600 --> 00:56:18,000 You're like, OK, this sounds interesting. 1097 00:56:18,000 --> 00:56:19,640 I'm gonna head over to sasmining.com. 1098 00:56:19,880 --> 00:56:22,160 What do they need? They need their name, e-mail, 1099 00:56:22,160 --> 00:56:24,880 credit card. How many steps does it take to 1100 00:56:24,880 --> 00:56:28,560 get started? So it's your typical e-commerce 1101 00:56:28,560 --> 00:56:30,720 checkout, right? So I think you can frame it that 1102 00:56:30,720 --> 00:56:33,600 way. We in the beginning, we being 1103 00:56:34,000 --> 00:56:35,760 aligning ourselves with the Bitcoin ethos. 1104 00:56:35,760 --> 00:56:38,840 We tried to be extremely privacy focused and just collect the 1105 00:56:38,840 --> 00:56:41,000 name and e-mail address. And then we found we couldn't 1106 00:56:41,000 --> 00:56:43,840 get a hold of our customers and we forced our customers to give 1107 00:56:43,840 --> 00:56:46,440 us phone numbers as well. So these are just for 1108 00:56:46,440 --> 00:56:49,240 communication purposes. The reason we have it so you 1109 00:56:49,240 --> 00:56:52,120 choose a mining rig, you can proceed to the next page after 1110 00:56:52,120 --> 00:56:55,000 you accept that you know there's going to be a Service plan later 1111 00:56:55,000 --> 00:56:56,240 that you're going to have to sign up for. 1112 00:56:56,320 --> 00:56:58,800 Simply Bitcoin in there Opti Put simply, Bitcoin in there. 1113 00:56:59,200 --> 00:57:02,320 Yeah, yeah, we got a a nice little discount code for all 1114 00:57:02,320 --> 00:57:05,040 your audience members here. You have to press apply promo, 1115 00:57:05,040 --> 00:57:08,360 apply promo to oh man. And then and then you get signed 1116 00:57:08,360 --> 00:57:10,440 in once you got to create an account. 1117 00:57:10,440 --> 00:57:13,320 So yeah, your your typical your typical account based. 1118 00:57:13,360 --> 00:57:15,960 Sign in on yours Nico. I'm still logged in apparently. 1119 00:57:16,080 --> 00:57:17,800 Rip it, rip it. Boom. 1120 00:57:18,400 --> 00:57:22,920 There you go and and so you've got down below a few different 1121 00:57:22,920 --> 00:57:24,960 payment rails. So we've got Bitcoin and 1122 00:57:24,960 --> 00:57:26,800 Lightning that's our favorite. Of course you give a little 1123 00:57:26,800 --> 00:57:30,560 discount to it because it's cheaper genuinely for us than 1124 00:57:30,640 --> 00:57:34,520 any other means at USDTUSDC wire. 1125 00:57:34,520 --> 00:57:37,560 And then credit cards we have to do manually, but we do accept 1126 00:57:37,560 --> 00:57:39,480 those. So once you go through that 1127 00:57:39,480 --> 00:57:42,600 process, it's purchase we're we're getting orders should. 1128 00:57:42,640 --> 00:57:44,480 I purchase some Niko. No. 1129 00:57:46,680 --> 00:57:49,040 But sorry, can you just? Gave me the you just gave me the 1130 00:57:49,040 --> 00:57:51,320 idea, bro. I just paid everyone out, bro. 1131 00:57:52,120 --> 00:57:55,200 You just we just did payroll. No, but you just gave me the 1132 00:57:55,200 --> 00:57:59,480 idea for next month, bro. So that, that actually sounds 1133 00:57:59,480 --> 00:58:03,560 like a really good idea, Kent. We should definitely, definitely 1134 00:58:03,560 --> 00:58:08,360 go through the process of of purchasing a minor next month 1135 00:58:08,400 --> 00:58:11,200 and just show the audience. I think that would be a really 1136 00:58:11,200 --> 00:58:14,000 cool exercise. I agree with you, man. 1137 00:58:14,000 --> 00:58:16,560 I'd love to make that happen. I think maybe we can do it in 1138 00:58:16,560 --> 00:58:19,360 person because I'm going to see it mining disrupt, right? 1139 00:58:19,440 --> 00:58:22,240 Yeah, absolutely, man. I'm looking forward to it. 1140 00:58:22,240 --> 00:58:24,680 Yeah, Mining Disrupt here in Miami, looking forward to. 1141 00:58:24,680 --> 00:58:26,760 It's going to be awesome. Opti, I think I'm flying you 1142 00:58:26,760 --> 00:58:29,480 down, by the way. Really, this news to me. 1143 00:58:29,600 --> 00:58:34,080 Okay, so that's going to Miami. That'll be interesting anyways. 1144 00:58:34,200 --> 00:58:36,400 Wait, wait. One last question for Kent and 1145 00:58:36,400 --> 00:58:40,320 this might be speculation in regards to considering that you 1146 00:58:40,320 --> 00:58:43,320 do work, you know, with mining, you probably have a little more 1147 00:58:43,320 --> 00:58:45,840 insights with the back end on what's going on in the mining 1148 00:58:45,840 --> 00:58:48,560 space. What is, I don't know, maybe 1149 00:58:48,560 --> 00:58:51,560 some predictions that you have for the mining space going into 1150 00:58:51,560 --> 00:58:54,080 2025 or maybe till the end of 2025. 1151 00:58:54,080 --> 00:58:55,920 Are you going to, are you thinking we're going to see 1152 00:58:56,520 --> 00:58:58,480 incredible increases in hash rate? 1153 00:58:58,480 --> 00:59:00,920 Like what's your thoughts on just the general mining space 1154 00:59:00,920 --> 00:59:04,320 right now? Well, I think I'm, I'm a price 1155 00:59:04,320 --> 00:59:08,720 cycle maximalist and and I believe that you don't want to 1156 00:59:08,720 --> 00:59:10,760 be a minor if you don't believe in the price cycles. 1157 00:59:10,880 --> 00:59:15,040 But what that means is that when Bitcoin's price rips, everybody 1158 00:59:15,040 --> 00:59:20,320 that's plugged in is going to absolutely score, right. 1159 00:59:20,600 --> 00:59:23,280 So we are in the phase before that occurs. 1160 00:59:23,280 --> 00:59:27,000 So this is actually kind of the the least profitable time frame. 1161 00:59:27,000 --> 00:59:29,800 If you look at the Bitcoin price cycle, we just have the having 1162 00:59:30,240 --> 00:59:33,040 hash rate, there's still hash rate pressure going on and the 1163 00:59:33,040 --> 00:59:36,200 price hasn't started to rip yet. But once it does start to rip 1164 00:59:36,320 --> 00:59:39,640 again, assuming that the the price cycles play out, you know, 1165 00:59:39,680 --> 00:59:42,320 this is the most profitable time to mine. 1166 00:59:43,120 --> 00:59:46,280 Now afterwards, we'll go into another bear market and things 1167 00:59:46,280 --> 00:59:50,640 will get slim and tight again. But for even the clients that we 1168 00:59:50,640 --> 00:59:53,160 onboard at the beginning of January last year, depths of the 1169 00:59:53,160 --> 00:59:55,920 bear market, you know, they still saw the saw a return on 1170 00:59:55,920 --> 00:59:58,840 their their mining rig. And the way I look at this is a 1171 00:59:58,840 --> 01:00:01,400 little less like hey. You want to look at it from a 1172 01:00:01,400 --> 01:00:03,640 month to month, like cash flow basis and more. 1173 01:00:03,640 --> 01:00:06,080 Look at this as a Bitcoin acquisition vehicle where you're 1174 01:00:06,080 --> 01:00:09,880 just cycling your Fiat through a piece of hardware and into 1175 01:00:09,880 --> 01:00:13,520 Bitcoin and you want to hold that because anybody that's held 1176 01:00:13,520 --> 01:00:16,720 Bitcoin for at least four years has come out on top. 1177 01:00:16,720 --> 01:00:21,200 So I think that if you have that approach that you're looking at, 1178 01:00:21,200 --> 01:00:24,720 this is a way to hold Bitcoin, I don't see how you're really 1179 01:00:24,720 --> 01:00:26,800 going to lose over a four year time frame. 1180 01:00:27,120 --> 01:00:29,760 But that said, you got to analyse the risks on your own 1181 01:00:29,760 --> 01:00:31,040 and come to your own conclusions. 1182 01:00:31,040 --> 01:00:35,120 But we're just trying to make it really easy for folks to to jump 1183 01:00:35,120 --> 01:00:39,720 in on the mining side and further predictions in the 1184 01:00:39,720 --> 01:00:41,640 mining space. I mean, I think that there's 1185 01:00:41,640 --> 01:00:45,520 some really unique things that are coming out specifically 1186 01:00:45,520 --> 01:00:47,360 around eating. I think that almost anything 1187 01:00:47,360 --> 01:00:50,360 that's done with heating electrically is going to insert 1188 01:00:50,360 --> 01:00:54,680 some sort of Bitcoin mining aspect to it just to reduce the 1189 01:00:54,680 --> 01:00:57,080 cost. Because if you're going to, if 1190 01:00:57,080 --> 01:00:59,320 you're going to be mining, you're producing heat anyway, 1191 01:00:59,320 --> 01:01:02,280 why not put that heat to use? I think that'll become a bigger 1192 01:01:02,280 --> 01:01:04,280 factor in the in the years ahead. 1193 01:01:04,960 --> 01:01:07,920 And I also think that we're going to see instead of now, 1194 01:01:07,920 --> 01:01:10,360 like we're in Paraguay, right, we're consuming excess 1195 01:01:10,360 --> 01:01:12,200 electricity. But I think that you're going to 1196 01:01:12,200 --> 01:01:15,040 start to see power generation projects designed from the 1197 01:01:15,040 --> 01:01:17,440 ground up with Bitcoin mining integrated. 1198 01:01:17,680 --> 01:01:20,920 And I think that's the next real phase is, hey, where, where can 1199 01:01:20,920 --> 01:01:23,160 we go generate electricity for super cheap? 1200 01:01:23,360 --> 01:01:26,600 And by the way, now we've got a buyer of first resort for that 1201 01:01:26,600 --> 01:01:29,160 super cheap electricity. So let's go plow the capital 1202 01:01:29,160 --> 01:01:31,040 into developing this energy source. 1203 01:01:31,040 --> 01:01:33,440 And then by the way, now that we've got the capital and the 1204 01:01:33,440 --> 01:01:36,120 energy there, maybe somebody wants to live there and start a 1205 01:01:36,120 --> 01:01:39,360 business and start a home. So I think in the long run we're 1206 01:01:39,640 --> 01:01:43,480 we're going to see Bitcoin mining actually plant the the 1207 01:01:43,600 --> 01:01:48,120 the basis for a future like homesteading movement of sorts. 1208 01:01:48,600 --> 01:01:50,480 Absolutely, I 100% agree with you, man. 1209 01:01:50,640 --> 01:01:53,680 There, there's going to be so many places around planet earth 1210 01:01:53,680 --> 01:01:57,760 that were counted out, right, But they had, they have excess 1211 01:01:57,760 --> 01:02:01,320 energy capacity and they're just, it's too far away from any 1212 01:02:01,400 --> 01:02:04,080 anyone and anything for it to be economical. 1213 01:02:04,280 --> 01:02:07,920 Now Bitcoin miners are like, yo, that looks awfully good over 1214 01:02:07,920 --> 01:02:10,560 there. And it, it's kind of like the in 1215 01:02:10,560 --> 01:02:14,440 a way, it's a, it's the new, but more sustainable gold rush, you 1216 01:02:14,440 --> 01:02:17,120 know, because with, with gold, it's like, you know, that that 1217 01:02:17,120 --> 01:02:20,000 easy to plug gold kind of ran out pretty quickly and those 1218 01:02:20,000 --> 01:02:23,320 gold towns just died versus I think we'll be good in mining 1219 01:02:23,320 --> 01:02:25,920 terms for the next 100 years or so. 1220 01:02:26,120 --> 01:02:29,400 And I think even after the subsidy runs out, you know, and 1221 01:02:29,400 --> 01:02:34,480 what year 2042 or something, you know, I think that the the fees 1222 01:02:34,480 --> 01:02:37,320 on its own, hopefully the Bitcoin network is so massive at 1223 01:02:37,320 --> 01:02:40,360 this point, at that point that I think the fees on their own will 1224 01:02:40,360 --> 01:02:42,600 be able to carry the day anyways. 1225 01:02:42,600 --> 01:02:43,920 Wait, wait. Wait and you go, I got one more 1226 01:02:43,920 --> 01:02:45,080 question, sorry. Sure. 1227 01:02:45,600 --> 01:02:49,680 Considering we got a little time, Kent, we kind of talked 1228 01:02:49,680 --> 01:02:53,640 about it today, you know, with the with the numbers, but 1229 01:02:53,640 --> 01:02:56,360 considering all the stuff we see and it's more like a general 1230 01:02:56,360 --> 01:02:59,280 overview and you can plead the 5th if you want to, considering 1231 01:02:59,280 --> 01:03:03,840 all of the crazy regulatory landscape that we've seen 1232 01:03:03,840 --> 01:03:07,840 revolving around Bitcoin mining. And now we're seeing, as Nika 1233 01:03:07,840 --> 01:03:10,120 loves to say, the Overton window shifting. 1234 01:03:10,120 --> 01:03:11,600 It's exploded. Bro it's. 1235 01:03:11,920 --> 01:03:13,600 Exploded I. Have no footage of it. 1236 01:03:18,080 --> 01:03:21,840 It explodes, yes, Mika Mika's dad jokes on fleek today. 1237 01:03:22,040 --> 01:03:27,440 Anyways, Kent, what is your thoughts on maybe that pivot 1238 01:03:27,440 --> 01:03:30,200 happening for Bitcoin mining, for the Bitcoin mining space at 1239 01:03:30,200 --> 01:03:31,840 large in America? Like now that we're seeing the 1240 01:03:31,840 --> 01:03:35,480 political narrative shift around Bitcoin and the Trump 1241 01:03:35,480 --> 01:03:38,000 endorsement, like, how are you feeling as a Bitcoin miner? 1242 01:03:39,120 --> 01:03:43,560 Well, I definitely am feeling better about the security of our 1243 01:03:43,560 --> 01:03:47,160 operations in the US, right? And well, I don't think that 1244 01:03:47,160 --> 01:03:49,200 we're completely out of the woods yet. 1245 01:03:49,800 --> 01:03:52,480 You know, certainly endorsements by two of the leading 1246 01:03:52,480 --> 01:03:55,320 candidates, presidential contenders, right? 1247 01:03:55,520 --> 01:04:00,040 It helps. Now as far as like you know you 1248 01:04:00,040 --> 01:04:02,840 some folks have have been asking about like hey, how much 1249 01:04:02,840 --> 01:04:06,120 regulatory risk is there both in Paraguay and with you guys. 1250 01:04:06,120 --> 01:04:11,160 I think one unique angle that is not entirely obvious about our 1251 01:04:11,200 --> 01:04:14,800 operation is, yes, we do represent a single throat to 1252 01:04:14,800 --> 01:04:16,720 choke if a regulator came after us. 1253 01:04:17,080 --> 01:04:19,720 However, we don't own the equipment, right. 1254 01:04:19,720 --> 01:04:23,080 So if a regulator did come after us and say, hey, you got to shut 1255 01:04:23,080 --> 01:04:25,840 down your mining rigs, I would say, OK, here's the contact 1256 01:04:25,840 --> 01:04:29,560 information for all the folks that we've got, like what would 1257 01:04:29,560 --> 01:04:32,400 you like us to do? Because we can't really stop 1258 01:04:32,400 --> 01:04:33,880 them from operating with the contracts. 1259 01:04:33,880 --> 01:04:36,840 So we've got, you know, we're being paid for this service and 1260 01:04:36,840 --> 01:04:39,160 they're not ours. How would you like to handle it? 1261 01:04:39,160 --> 01:04:41,440 And I think that that sort of works the system a little bit 1262 01:04:41,680 --> 01:04:44,600 because now we've got hundreds of clients that they need to to 1263 01:04:44,600 --> 01:04:47,720 speak with directly instead of one single entity that 1264 01:04:47,720 --> 01:04:49,920 represents all that hash rate. So I think that that's an 1265 01:04:49,920 --> 01:04:52,960 advantage. As far as Paraguay, you know, I 1266 01:04:52,960 --> 01:04:55,160 see very little regulatory risk there. 1267 01:04:55,360 --> 01:04:58,280 I know that coming from AUS perspective, operating outside 1268 01:04:58,280 --> 01:05:03,160 the US is can be seen as as as a bit difficult and risky. 1269 01:05:03,960 --> 01:05:07,840 However, we successfully analyzed the incentives there. 1270 01:05:08,040 --> 01:05:09,880 You know, they had all this excess power that they were 1271 01:05:09,880 --> 01:05:12,960 selling at a loss and, and, and it was a drag on their GDP. 1272 01:05:13,200 --> 01:05:17,160 And now Bitcoin miners are turning it into and flipping 1273 01:05:17,160 --> 01:05:18,760 that liability into an asset, right. 1274 01:05:19,040 --> 01:05:22,720 And so the politicians, I, I said from the beginning, it's 1275 01:05:22,720 --> 01:05:25,360 like, man, that's going to be votes for politicians in the 1276 01:05:25,360 --> 01:05:26,760 long run. So they're going to embrace 1277 01:05:26,760 --> 01:05:28,320 this. And there was a bit of a hiccup 1278 01:05:28,320 --> 01:05:31,560 about two months ago where there is a, there is an attempted ban. 1279 01:05:31,800 --> 01:05:34,960 And that was from a very small portion of the political class. 1280 01:05:34,960 --> 01:05:37,920 And instantly the rest of the political class came out to 1281 01:05:37,920 --> 01:05:41,840 embrace it. And now the economic ministry 1282 01:05:42,040 --> 01:05:45,520 has embraced Bitcoin mining and saying, look, we only want to 1283 01:05:45,520 --> 01:05:48,120 sell this excess electricity to miners. 1284 01:05:48,120 --> 01:05:50,440 We don't want to sell it to Brazil anymore, which is where 1285 01:05:50,440 --> 01:05:53,040 they were selling it. So I actually see that it's been 1286 01:05:53,040 --> 01:05:58,240 de risked in Paraguay and is it is an opportunity to become like 1287 01:05:58,240 --> 01:06:01,520 the next Texas really because there's about 5 gigawatts of 1288 01:06:01,520 --> 01:06:04,000 excess power that can be harnessed there by Bitcoin 1289 01:06:04,000 --> 01:06:07,320 miners such as us. Man, that's absolutely bullish. 1290 01:06:07,440 --> 01:06:10,640 I'm bullish on SAS, bullish on Bitcoin, bullish on Paraguay. 1291 01:06:10,640 --> 01:06:13,080 Paraguay obviously doesn't want to have fun staying poor. 1292 01:06:13,360 --> 01:06:17,320 That that that announcement from the politician was really 1293 01:06:17,320 --> 01:06:19,520 interesting where he just say he's like, look like this is 1294 01:06:19,880 --> 01:06:23,360 it's what you said. I'm like it it it makes more 1295 01:06:23,360 --> 01:06:27,320 sense, you know, using this electricity in country then 1296 01:06:27,320 --> 01:06:29,920 sending it to another country and we're going to get more bang 1297 01:06:29,920 --> 01:06:32,080 from our buck, right. And I think it boils down to 1298 01:06:32,080 --> 01:06:34,320 what we were talking about incentives early on in the show. 1299 01:06:34,520 --> 01:06:36,040 No one is better than their incentives. 1300 01:06:36,040 --> 01:06:39,280 And I think Bitcoin provides these very clear incentives that 1301 01:06:39,280 --> 01:06:42,760 does either two things. It exposes governments for 1302 01:06:42,760 --> 01:06:48,040 acting politically or the the politicians and government are 1303 01:06:48,040 --> 01:06:50,200 like, you know what, this Bitcoin thing actually makes a 1304 01:06:50,200 --> 01:06:53,120 lot of sense, right? And then you have an alignment 1305 01:06:53,120 --> 01:06:57,960 of incentives, which is I think something pretty hard to see if 1306 01:06:57,960 --> 01:07:01,600 you live in the US. But I think an example of a 1307 01:07:01,600 --> 01:07:05,160 country which has fixed the incentive structure thing is El 1308 01:07:05,160 --> 01:07:06,400 Salvador. And I think you're going to see 1309 01:07:06,560 --> 01:07:10,760 more along the way anyways. Kent, do you have any last words 1310 01:07:10,760 --> 01:07:12,520 for our audience watching right now? 1311 01:07:13,640 --> 01:07:17,320 Oh yeah, man, just hit me up and study what we're up to and, and, 1312 01:07:17,320 --> 01:07:20,560 and prove for yourself that you know, the, that, that we're 1313 01:07:20,560 --> 01:07:24,320 earning the reputation and trust of, of the community. 1314 01:07:24,920 --> 01:07:26,880 Do your own research, you know, check it out. 1315 01:07:26,880 --> 01:07:30,960 Don't don't don't trust verify all those good things, but I I 1316 01:07:30,960 --> 01:07:33,600 would say that we're living through a historic time frame 1317 01:07:33,600 --> 01:07:37,000 right now. You know, Niko's liking to blow 1318 01:07:37,000 --> 01:07:39,200 up the Overton window. I don't know if it's truly 1319 01:07:39,400 --> 01:07:43,000 destroyed, but we've I've got a copy of gradually. 1320 01:07:43,000 --> 01:07:45,400 Then suddenly I picked up from Parker Lewis here and it feels 1321 01:07:45,400 --> 01:07:49,240 like that is exactly where we are and I love it. 1322 01:07:49,240 --> 01:07:51,600 I'm here for it. I'm, I'm glad to have so many 1323 01:07:51,600 --> 01:07:55,760 other freaks and and crazies out there that are helping to make 1324 01:07:55,760 --> 01:07:58,520 this happen because I think by God, we're, we're bringing 1325 01:07:58,520 --> 01:08:00,800 ourselves back from the abyss with the movement and the 1326 01:08:00,800 --> 01:08:04,320 pendulum starting to shift the the right direction, even if we 1327 01:08:04,320 --> 01:08:07,040 haven't seen the policies to follow just yet. 1328 01:08:07,040 --> 01:08:10,320 So yeah, let's let's, let's keep going forward here. 1329 01:08:10,600 --> 01:08:13,600 Amen man let's stay winning. We're going to win if we're on a 1330 01:08:13,600 --> 01:08:16,439 Bitcoin standard anyways Kent, thank you so much for joining us 1331 01:08:16,439 --> 01:08:19,560 on simply Bitcoin live guys. That was the show for June 13th 1332 01:08:19,560 --> 01:08:21,479 2024. I'm your host Nicos, my 1333 01:08:21,479 --> 01:08:24,080 legendary Co host, Optimus Fields, who's hurting today, 1334 01:08:24,080 --> 01:08:27,439 which is why man fields 1500 of you guys watching live should 1335 01:08:27,560 --> 01:08:29,840 smash the like button. Consider subscribing if you feel 1336 01:08:30,200 --> 01:08:33,439 we we provided you value and I do want to give a shout out to 1337 01:08:33,439 --> 01:08:35,920 our guest Kent, the CEO of SAS mining. 1338 01:08:36,120 --> 01:08:39,240 Check out SAS mining today, Bitcoin mining as a service. 1339 01:08:39,240 --> 01:08:40,800 All right, love you all. We'll see you tomorrow for brand 1340 01:08:40,800 --> 01:08:42,960 new episode of simply Bitcoin live. 1341 01:08:43,279 --> 01:08:45,560 Finish off the week strong. Peace out everybody. 1342 01:08:45,560 --> 01:08:48,720 Take care. Episode was brought to you by 1343 01:08:48,720 --> 01:08:52,560 bitcoinwell.com on a mission to enable independence.