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The CEO of the world's largest 
Bitcoin exchange is currently 

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sabotaging Bitcoin on Capitol 
Hill. 

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Well, at least that's what the 
allegations are. 

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And we all know that Coinbase 
hasn't been a friend of Bitcoin 

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for many years now. 
But what they're being? 

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Accused of today. 
Is potentially the worst offense

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they have ever made especially 
from a first principles Bitcoin 

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is money perspective. 
If this is true, it is truly not

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a good look for Coinbase. 
So I'm going to start the saga 

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where it initially started, 
which is from our boy Marty Bent

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from TFTC. 
And this is the initial tweet. 

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It happened basically right when
we went live on yesterday's show

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and then all of the backlash. 
So here's the initial tweet, 

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the, you know, Ground Zero for 
this accusation, for this 

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speculation. 
And here's Marty Bent and he 

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goes, I'm hearing that despite 
all the efforts in lobbying for 

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Bitcoin de minimis tax 
exemption, it's none other than 

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Coinbase trying to nuke it 
behind the scenes to push stable

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coins only. 
Apparently they are telling 

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legislators that quote, no one 
is using Bitcoin as money. 

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A de minimis exemption for 
Bitcoin is a handout that will 

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be DOA. 
So from our perspective as 

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Bitcoiners, you guys heard me 
say this on the show a lot of 

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times that, hey, if Trump really
wants to go down as the de facto

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Bitcoin president, then what 
should happen is the elimination

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of capital gains. 
If that happened, I think 

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Bitcoin adoption would go into 
OverDrive. 

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It would go parabolic because 
then you could actually use 

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Bitcoin and then people would 
realize, hey, this Bitcoin thing

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is better for payments. 
Oh, wait, this is better money. 

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The elimination of capital gains
on Bitcoin from our perspective,

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because we believe Bitcoin is 
money would be the ultimate game

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changer here because you could 
use it like you used a dollar. 

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You don't have a capital gains 
tax or rather a capital gains 

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loss on the dollar when you use 
it. 

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We want, as the Bankers 
Association keep saying, as the 

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banking lobby has has been 
saying in regards to the Clarity

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Act, we want the level playing 
field here. 

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So this accusation coming from 
or Marty bat which I I do have 

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some other tweets here from what
he said, multiple sources is 

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saying it looks like that 
Coinbase is currently in 

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Washington, Washington, DC 
fighting the idea of Bitcoin is 

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money. 
And remember Coinbase is one of 

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the biggest influence in the 
quote UN quote crypto lobbying 

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group. 
I've been showing you a lot of 

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the, you know, the people that 
are going to these meetings, 

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they the exchanges and the 
individuals behind the lobbying 

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groups for crypto. 
And a lot of them, as I 

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mentioned on the show, are a lot
of these shit coin exchanges. 

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Oh, wait, hold on. 
OK, I made it past the first few

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minutes. 
A lot of these shit coin 

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exchanges and this. 
Is why I keep. 

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Saying I'm really not that 
bullish on any favorable 

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legislation coming out of 
Washington, DC because there's 

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not enough bitcoiners in those 
rooms. 

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Yes, technically, you know, 
they're bitcoiners, whatever, 

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but they're not the hardcore 
type. 

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I want to see the Piero shards 
or even Jack Dorsey there like I

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and he is, he put his hat in the
ring on this one. 

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I want to see real bitcoiners in
these rooms because when you're 

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crypto shit coin adjacent, you 
really have alternative motives,

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alternative incentives. 
And this could be the case. 

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And this is where it leads me 
into Marty's next tweet, which 

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really lays out the incentive 
structure here and why this 

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potentially could be the reason 
for Coinbase actually fighting 

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Bitcoin as money and fighting 
this de minimis tax on Bitcoin. 

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And for you guys that don't know
it, de minimis tax is basically 

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saying, hey, if you use, you 
know, X amount, if you sell or 

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use X amount of Bitcoin, then 
you don't have have a capital 

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gains tax on it. 
It it's this idea that, hey, if 

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we eliminate a little bit of it,
a little bit of the tax on 

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Bitcoin under a certain 
threshold, then maybe people 

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will be allowed to use, maybe 
more people will use it. 

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And as as much as I believe that
we should go further than that, 

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maybe I'm an extremist and I'm 
like, you know, I, I want to see

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it just completely gone. 
A small win is a small win. 

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And maybe we ain't going to get 
the whole cake here, but we'll 

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take a small win. 
Now it seems like we might not 

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even get that small win here. 
So here is the further tweet 

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from Marty Ben or TFTC. 
And he goes coin base again, is 

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quietly lobbying to kill 
bitcoins de minimis tax 

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exemption. 
The company reportedly told 

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legislators, again, no one's 
using Bitcoin and that a Bitcoin

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de minimis exemption would be 
DOA. 

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Basically, if we came as the 
Bitcoin lobbying group, as the 

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Bitcoin industry and we start 
talking about the eliminations 

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of capital gains, that 
essentially the legislator would

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throw this out and be like, this
is not a a level playing field. 

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This is never going to happen. 
You guys are dreaming. 

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You guys are in fantasyland. 
Get this out of here or else 

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nothing else is going to pass. 
That's the Coinbase kind of 

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idea, or at least that is what 
Marty Bent is saying his sources

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are saying. 
Meanwhile, they're pushing for 

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the exemption to apply the de 
minimis capital gains tax only 

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to stablecoins, specifically 
regulated dollar peg stablecoins

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like USDC. 
Now on the surface, a very 

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rudimentary surface level 
elementary look at this idea of 

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hey, instead of a de minimis tax
on Bitcoin, which I think should

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be further, we should do a de 
minimis tax on stable coins. 

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Now, if you aren't as initiated,
if you aren't a true Bitcoiner, 

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maybe this makes sense to you. 
From my view though, and 

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probably from your guys's view, 
if you're thinking about this 

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like this, makes absolutely no 
sense. 

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By definition, a stable coin is 
stable, therefore there is no 

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capital gains. 
What do you mean an elimination 

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of a de minimis tax or a 
elimination of a capital gains 

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tax on a stable coin which is 
pegged to a dollar, which is 

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supposed to be stable? 
Where's the gain? 

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It it makes no sense though 
they're saying it may be, you 

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know, elimination of a gains tax
on the fees, what have you. 

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It's like this is. 
Ludicrous. 

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This is ridiculous. 
This is insane. 

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It's it's. 
Damn near just playing 

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stupidity. 
Anyways, going further obviously

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again another wrinkle here. 
USDC, that is the coin base 

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stable coin. 
So it looks like they are trying

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to play games. 
To protect their Moat. 

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So again, going further, 
Coinbase made $1.35 billion in 

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stable coin revenue in 2025, up 
48% year over year, almost 

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entirely from interest earned on
U.S. 

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Treasuries held in the USDC 
reserves. 

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Bloomberg estimates that number 
could search 7 times under the 

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Genius Act. 
And every person who uses the 

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USD for payments instead of 
Bitcoin is a person whose 

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dollars are sitting in 
Coinbase's reserve pool, 

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generating risk free yield for 
Coinbase. 

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So again, this is the accusation
being lightly. 

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This is the speculation as to 
what the incentive structures 

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here are and why it makes sense 
for Coinbase to say, yeah, you 

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know, we actually don't really 
care about Bitcoin for money. 

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We actually want stable coins to
be proliferated because they 

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make a shit ton of money off the
yield from treasuries sitting in

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their USDC reserves. 
Of course, a de minimis 

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exemption for Bitcoin will let 
people spend it freely for 

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everyday purchases, which I 
mentioned. 

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And that makes Bitcoin a direct 
competitor to USDC and 

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stablecoins at large. 
Remember, the Genius Act 

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basically proliferated 
stablecoins. 

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There is this push in Washington
for stablecoins first because 

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it's it's not as edgy, it's not 
as far fetched of an idea as 

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Bitcoin. 
It's like, oh, it's a, it's, 

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it's digital money, it's a 
cryptocurrency, but it's pegged 

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to the dollar. 
Therefore we can maintain dollar

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hedge of money, We can maintain 
dollar strength instead of fully

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embracing this alternative 
neutral, completely parallel 

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system that is Bitcoin. 
Of course they want you locked 

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into their centralized 
stablecoin ecosystem where they 

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clip the yield on every $3 you 
park there, so. 

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Now you're seeing the incentive 
structure, obviously, as I said 

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and, and, and Marty's saying in 
this tweet. 

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A de minimis tax on stable 
coins. 

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Literally just. 
It makes no sense. 

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It's pegged to the. 
Dollar, it's doesn't fluctuate, 

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there is no gains. 
It's a doll. 

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Like $1.00 is 1 stable coin. 
Like where's the gain here? 

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It just, it just makes no sense.
Now, of course, there's been a 

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lot of conversations about what 
the de minimis tax. 

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Actually should be for. 
A while there it was a little 

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higher in the low thousands and 
it went to the 800, then it went

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to the 600 and the latest was 
$300 and I forget what the total

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year was, but it was it was like
$1500 a year or something. 

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So a de minimis tax on what 5? 
Transactions of $300. 

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It's like it's not really using 
Bitcoin as money, all right? 

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It just, it, I guess a win's a 
win on on that front. 

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I guess it's president for 
something more. 

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But that wouldn't, I don't think
that would really move the 

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needle. 
That's basically what I'm 

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saying. 
OK, so here's the accusation. 

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Now, I did watch Marty Bent's 
coverage of this and he didn't 

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put it in tweet and he basically
said, hey, the only reason I 

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tweeted this out. 
Is because I got multiple 

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confirmation from multiple 
sources that this was in fact 

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going on. 
That behind the scenes in closed

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door meetings this is what 
Coinbase was doing. 

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That they are fighting more for 
a quote de minimis tax on stable

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coins and really saying that no 
one uses Bitcoin Bitcoin isn't 

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money you know we want without 
them saying it's like we want 

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people parking their money with 
us because then we make money so

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it does sound like a Moat so 
that Coinbase could try to 

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protect their business model 
when you. 

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Think of it in this terms. 
You're like, it makes total 

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sense for Coinbase to be doing 
this. 

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Not saying I agree with it, but 
you can see the incentive 

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structure, you can see the logic
in it. 

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Is it bad logic? 
Is it hurtful? 

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For Bitcoin as money, I would 
say 100%. 

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Now, as I said when I did the 
conversation with Tom Wongo, 

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nothing is official until you 
get an official denial that it's

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an Otto von Bismarck quote. 
Until you get an official 

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denial, then you know you're 
it's speculations and 

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accusations. 
But we got an official denial, 

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which starts to make me think 
that in fact, this is what's 

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going on. 
And here are the official 

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denials we have. 
Faria Faria Shahzad, who is the 

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chief Policy Officer at 
Coinbase. 

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He goes, this is a total lie. 
Marty Bent. 

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We have never and will never 
lobby against Bitcoin. 

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Ever. 
Excuse me. 

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So first official denial quote 
tweets it. 

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We aren't doing this. 
This is miss. 

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This is misinformation, fake 
news. 

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Then we got another one. 
We got Cara Calvert who also 

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works at Coinbase and she goes 
TFTC is 100% false. 

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Reporting. 
We strongly support both Senator

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Lummess's bill and the work in 
the House to create a de minimis

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exemption for all digital 
assets. 

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OK, so second denial. 
And then we got an official 

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denial coming from Brian 
Armstrong himself. 

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And he goes, not sure where 
you're getting this 

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misinformation quote, perhaps 
you can share, but it's totally 

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false. 
I spent a bunch of time lobbying

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for Bitcoin de minimis tax 
exemption, and we'll continue 

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doing so. 
It's obviously the right thing. 

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So maybe they got caught with 
their pants down and now they're

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going to roll it back. 
And then this is where the 

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conversation further spread into
other corners and we got even 

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and more confirmation from other
people in the Bitcoin space that

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are also have some Privy to 
these conversations. 

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Now here's the Marty Bent treat 
where he says I have sources 

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that say otherwise, not you 
personally, but your team and or

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lobbyists are the ones that are 
lobbying against a de minimis 

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tax on Bitcoin. 
Will you commit to walk away 

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from the market structure bill 
if it doesn't include the de 

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minimis exemption for Bitcoin 
like you did for stablecoin 

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yield? 
So Marty, put them in a corner, 

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00:13:39,120 --> 00:13:41,520
put them, you know, put them in 
a chokehold here publicly. 

227
00:13:42,600 --> 00:13:46,160
And ever since then, radio 
silence from the Coinbase team. 

228
00:13:46,320 --> 00:13:48,600
Of course, this all played out 
last night. 

229
00:13:48,880 --> 00:13:51,200
Scrolling through Twitter, 
scrolling through different 

230
00:13:51,200 --> 00:13:54,800
responses. 
No response yet, which really 

231
00:13:54,800 --> 00:14:02,080
leads into the idea of yeah. 
Maybe maybe it's true and and 

232
00:14:02,080 --> 00:14:06,280
Parker Lewis says the same thing
you know Coinbase's CEO, chief 

233
00:14:06,280 --> 00:14:09,520
policy officer and VP of U.S. 
policy all came out and claimed 

234
00:14:09,520 --> 00:14:12,560
a combination that this report 
was misinformation, totally 

235
00:14:12,560 --> 00:14:15,680
false, a total lie and 
categorically false. 

236
00:14:16,240 --> 00:14:18,320
Problem is it's. 
True. 

237
00:14:18,600 --> 00:14:22,920
When TFTC, when Marty Bent stood
by its reporting, they all went 

238
00:14:22,920 --> 00:14:27,080
radio silent. 
That's where we currently are 

239
00:14:27,080 --> 00:14:31,480
from the initial accusation to 
the Coinbase responses. 

240
00:14:31,720 --> 00:14:35,920
But to add a little more fuel to
this fire, we did get some other

241
00:14:35,920 --> 00:14:40,680
confirmations from people, like 
I said, that are actively 

242
00:14:40,680 --> 00:14:43,840
lobbying for Bitcoin on Capitol 
Hill in Washington. 

243
00:14:43,840 --> 00:14:49,680
DC, particularly the first one 
is from our boy Connor Brown who

244
00:14:49,680 --> 00:14:52,960
works now currently at the 
Bitcoin Policy Institute and he 

245
00:14:52,960 --> 00:14:55,080
goes in response to Cara. 
He goes. 

246
00:14:55,080 --> 00:14:56,560
Barry, thank you. 
Thankful to hear that, Cara. 

247
00:14:56,560 --> 00:15:00,600
Of course, here is, you know 
she's saying the same thing. 

248
00:15:00,600 --> 00:15:02,480
Categorically false. 
Don't take the bait. 

249
00:15:02,480 --> 00:15:04,880
We are definitely not lobbying 
against Bitcoin. 

250
00:15:05,080 --> 00:15:08,680
Coinbase has been advocating for
diminished exception. 

251
00:15:08,680 --> 00:15:14,960
For all digital assets in 2017, 
in fact, I was on the ground in 

252
00:15:14,960 --> 00:15:17,560
DC pushing for that bill. 
And a decade later, I'm still on

253
00:15:17,560 --> 00:15:20,120
the ground lobbying for strong 
de minimis exemptions for all 

254
00:15:20,120 --> 00:15:22,360
digital assets. 
As for stablecoins, frankly we 

255
00:15:22,360 --> 00:15:24,280
shouldn't need a de minimis 
exemption. 

256
00:15:24,280 --> 00:15:26,480
Stablecoins so they they agree 
we're. 

257
00:15:26,520 --> 00:15:29,720
We're finally in some agreement.
So Connor Brown again, very 

258
00:15:29,720 --> 00:15:31,960
thankful to hear that. 
Will Coinbase join Bitcoin 

259
00:15:31,960 --> 00:15:34,840
Policy in hosting a public 
roundtable with lawmakers this 

260
00:15:34,840 --> 00:15:38,480
month to erase any confusion on 
this issue and make clear how 

261
00:15:38,480 --> 00:15:41,680
important a Bitcoin de minimis 
tax is for the future payments 

262
00:15:41,680 --> 00:15:45,880
infrastructure in America? 
But that's not where Connor 

263
00:15:45,880 --> 00:15:49,520
stopped. 
He goes, of course, in response 

264
00:15:49,520 --> 00:15:53,520
to this tweet by Marty. 
This is extremely concerning if 

265
00:15:53,520 --> 00:15:56,080
true. 
I can confirm that over the past

266
00:15:56,080 --> 00:15:58,920
three months, there's been a 
strong shift on the hill to 

267
00:15:58,920 --> 00:16:02,400
limiting the de minimis 
exemption to stable coins only. 

268
00:16:02,560 --> 00:16:05,720
So he's in the meetings, He's 
hearing that idea. 

269
00:16:05,720 --> 00:16:07,960
That's why he's putting his hat 
in the rink. 

270
00:16:08,440 --> 00:16:11,600
Of course, Bitcoin Policy 
Institute, they'll continue to 

271
00:16:11,600 --> 00:16:15,280
fight for Bitcoin. 
And then we got a couple more 

272
00:16:15,280 --> 00:16:18,080
responses. 
This one is from Frank Korba, 

273
00:16:18,080 --> 00:16:22,440
which if you guys remember was 
previously at Bitcoin Magazine. 

274
00:16:22,440 --> 00:16:26,040
He was the one that was in the 
White House in with the, you 

275
00:16:26,040 --> 00:16:29,320
know, official press pass in the
White House for Bitcoiners. 

276
00:16:30,000 --> 00:16:34,080
And Frank Korbigos my sources on
this matter have also told me 

277
00:16:34,080 --> 00:16:36,680
that one of the items in the 
Clarity Act that may be on the 

278
00:16:36,680 --> 00:16:39,920
chopping block in exchange for 
Coinbase slash crypto industry 

279
00:16:39,920 --> 00:16:43,760
getting interest on stable coins
are the BRCA protections for 

280
00:16:43,760 --> 00:16:48,160
developers, which was in the. 
Clarity act this, you know, 

281
00:16:48,160 --> 00:16:52,320
bullet point saying that. 
We should protect open source 

282
00:16:52,320 --> 00:16:55,640
developers. 
So now we're getting multiple 

283
00:16:55,640 --> 00:16:59,560
confirmations that hey, OK, 
maybe they aren't necessarily 

284
00:16:59,560 --> 00:17:05,079
fighting against a de minimis. 
Tax on Bitcoin, but they are 

285
00:17:05,079 --> 00:17:08,960
willing to compromise on things 
that aren't that favorable for 

286
00:17:08,960 --> 00:17:14,839
the Bitcoin industry at large in
favor of them being allowed to 

287
00:17:14,839 --> 00:17:17,200
get some stable coin yield. 
And remember the numbers they're

288
00:17:17,200 --> 00:17:21,760
making billions of dollars off 
dollars parked in their USDC 

289
00:17:21,839 --> 00:17:25,839
stablecoin. 
Now remember when we were 

290
00:17:25,839 --> 00:17:29,720
talking about the genius act a 
while ago how we were mentioning

291
00:17:29,720 --> 00:17:32,120
that of course the first thing 
they pushed through was the 

292
00:17:32,120 --> 00:17:35,400
stablecoin yields or rather 
sorry, the stablecoin 

293
00:17:35,400 --> 00:17:39,560
proliferation. 
Now you're starting to see why 

294
00:17:39,560 --> 00:17:45,840
these crypto exchanges are so 
hell bent on stablecoins going 

295
00:17:45,840 --> 00:17:49,920
in first is because they make a 
lot of money used on on 

296
00:17:49,920 --> 00:17:53,320
stablecoin yields. 
That's why the clarity act has 

297
00:17:53,320 --> 00:17:56,760
been held up is because of the 
quote stablecoin rewards, which 

298
00:17:56,760 --> 00:18:01,880
is basically just yields not 
just from the company that 

299
00:18:01,880 --> 00:18:04,640
issues the stablecoin, but so 
that the consumers can get some 

300
00:18:04,640 --> 00:18:09,520
gains. 
So I don't know who you want to 

301
00:18:09,520 --> 00:18:14,000
believe on this matter, but 
personally I've been saying for 

302
00:18:14,000 --> 00:18:15,560
a while I'm not a big fan of 
Coinbase. 

303
00:18:15,560 --> 00:18:20,840
It might be just because of my 
2018 bear market roots where we 

304
00:18:20,840 --> 00:18:24,520
all went Bitcoin only we all 
took an ideological stance and 

305
00:18:24,520 --> 00:18:28,200
we realized like Coinbase is 
probably hurting Bitcoin more 

306
00:18:28,200 --> 00:18:31,160
than benefiting it because of 
their shit coin casino. 

307
00:18:31,600 --> 00:18:34,880
You just see the incentive 
structures are all off now. 

308
00:18:35,520 --> 00:18:39,040
Like I said, Jack Dorsey did 
throw his hat in the rink here. 

309
00:18:39,680 --> 00:18:43,720
Where is the Jack Dorsey tweet? 
Is it right here? 

310
00:18:43,720 --> 00:18:47,640
Here we go. 
So again, Jack Dorsey, who of 

311
00:18:47,640 --> 00:18:52,720
course has cash app, has bit key
has has the block, you know, 

312
00:18:53,360 --> 00:18:56,600
allowed Bitcoin payments on 
Square app recently. 

313
00:18:57,000 --> 00:19:00,600
He is actively on the front 
lines and has been saying for a 

314
00:19:00,600 --> 00:19:02,600
long time that Bitcoin needs to 
be used as money. 

315
00:19:03,520 --> 00:19:05,520
Here his is his take and 
response. 

316
00:19:05,520 --> 00:19:07,880
Hope this is true for de minimis
as well. 

317
00:19:07,880 --> 00:19:10,280
Brian Armstrong saying that 
they're not lobbying against 

318
00:19:10,280 --> 00:19:12,200
Bitcoin. 
Obviously, hopefully they're not

319
00:19:12,200 --> 00:19:14,800
lobbying against the de minimis 
tax on Bitcoin. 

320
00:19:15,480 --> 00:19:18,480
And did I bring up my buddy? 
Oh no, I didn't bring up 

321
00:19:18,480 --> 00:19:22,040
Fernando's take, but you can see
the dichotomy here. 

322
00:19:23,720 --> 00:19:27,600
Coinbase, one of the largest 
exchanges in the world. 

323
00:19:28,800 --> 00:19:33,560
Their incentive, their business 
structure is built on them 

324
00:19:33,560 --> 00:19:37,760
profiting off of shit coin 
stable coin yields. 

325
00:19:38,240 --> 00:19:41,320
They begrudgingly have Bitcoin 
on their platform. 

326
00:19:41,320 --> 00:19:45,120
They were huge in advocating for
Bitcoin cash during the fork 

327
00:19:45,120 --> 00:19:48,480
wars. 
They haven't really been a 

328
00:19:48,560 --> 00:19:50,400
friend to Bitcoin for a long 
time. 

329
00:19:50,400 --> 00:19:53,240
Yes, when it's favorable for 
them, they will come out and 

330
00:19:53,240 --> 00:19:56,640
say, oh, bitcoins great. 
At the very next sentence, 

331
00:19:56,760 --> 00:19:59,360
they're talking about crypto. 
It's because they don't make 

332
00:19:59,360 --> 00:20:01,960
money off Bitcoin. 
They make all of their money off

333
00:20:01,960 --> 00:20:05,080
selling shit coins and trash to 
their customers. 

334
00:20:05,400 --> 00:20:07,720
They make all their money off 
the yields of USDC. 

335
00:20:08,560 --> 00:20:10,840
And so here is the stark 
contrast. 

336
00:20:10,840 --> 00:20:13,400
You're seeing Jack Dorsey, love 
him or hate him. 

337
00:20:14,560 --> 00:20:18,560
I think he's really been doing a
lot of good work for Bitcoin in 

338
00:20:18,560 --> 00:20:20,880
the recent years. 
He has devoted his life to 

339
00:20:20,880 --> 00:20:24,480
Bitcoin and and shouts out to 
Dante, he swears Jack Dorsey is 

340
00:20:24,640 --> 00:20:26,880
is Satoshi I. 
I don't know about all that. 

341
00:20:27,160 --> 00:20:28,800
But you can see the stark 
contrast. 

342
00:20:28,800 --> 00:20:32,400
On the one hand, we're hearing 
rumors and speculations and 

343
00:20:32,400 --> 00:20:38,160
accusations that Bryan 
Armstrong, CEO Coinbase, doesn't

344
00:20:38,160 --> 00:20:41,160
see Bitcoin as money. 
On the other hand, we have Jack 

345
00:20:41,160 --> 00:20:46,880
Dorsey, whose whole Northstar is
Bitcoin as money. 

346
00:20:46,880 --> 00:20:50,520
Everything he's been doing in 
the recent years is advocating 

347
00:20:50,520 --> 00:20:55,840
for Bitcoin being used as money.
Obviously, Jack Dorsey isn't in 

348
00:20:55,840 --> 00:20:57,480
the White House. 
He isn't a part of the lobbying 

349
00:20:57,480 --> 00:20:59,040
groups. 
He's just building the products 

350
00:20:59,040 --> 00:21:02,560
on the ground for customers, to 
protect customers, to 

351
00:21:02,560 --> 00:21:05,520
incentivize people, or rather, 
building the infrastructure so 

352
00:21:05,520 --> 00:21:09,400
that people can use Bitcoin as 
money every single day. 

353
00:21:10,640 --> 00:21:14,440
We're starting to see in Bitcoin
we're in like a multi front war 

354
00:21:14,440 --> 00:21:17,840
here. 
There's the Wall Street attack 

355
00:21:17,840 --> 00:21:22,000
on Bitcoin, where they're 
incentivizing you to give up 

356
00:21:22,000 --> 00:21:26,400
your keys, take your Bitcoin 
into these Wall Street products,

357
00:21:27,120 --> 00:21:29,440
trying to acquire as much 
Bitcoin as possible, 

358
00:21:29,440 --> 00:21:33,280
potentially, again, 
speculatively crashing the 

359
00:21:33,280 --> 00:21:35,840
Bitcoin price so that they can 
scoop up Bitcoin on the cheap. 

360
00:21:36,880 --> 00:21:40,800
And now we're seeing that maybe 
one of our own, maybe an insider

361
00:21:40,920 --> 00:21:47,480
from the crypto industry in 
quotes, is not doing what's in 

362
00:21:47,560 --> 00:21:53,440
in our best favor of Bitcoin 
being used as money. 

363
00:21:55,240 --> 00:22:00,560
Again, they've denied this 
allegation, but nothing is more 

364
00:22:00,560 --> 00:22:02,600
official than an official 
denial. 

365
00:22:03,320 --> 00:22:07,400
And maybe it's because I 
wouldn't be here without Marty 

366
00:22:07,400 --> 00:22:13,920
Bent that I I tend to think that
Marty isn't just talking hot air

367
00:22:13,920 --> 00:22:16,920
here. 
I think as he said, if you watch

368
00:22:16,920 --> 00:22:21,200
his video covering this story, 
he said, look, the only reason I

369
00:22:21,200 --> 00:22:24,360
felt comfortable tweeting this 
is because I got multiple 

370
00:22:24,360 --> 00:22:27,920
confirmation from multiple 
sources that in fact, behind 

371
00:22:27,920 --> 00:22:30,120
closed doors, that is what's 
happening. 

372
00:22:30,120 --> 00:22:35,480
Now we're seeing from, you know,
the CEO, the CPO, the policy 

373
00:22:35,480 --> 00:22:39,440
officer, that they're officially
denying this, that maybe, maybe 

374
00:22:39,440 --> 00:22:44,720
it's not them that are doing it,
but someone close to Coinbase is

375
00:22:44,720 --> 00:22:46,880
actively fighting Bitcoin as 
money. 

376
00:22:47,040 --> 00:22:50,440
Now maybe they're just straight 
up bold faced, lying to all of 

377
00:22:50,440 --> 00:22:53,240
us because they got caught 
again, like I said, with their 

378
00:22:53,240 --> 00:22:59,840
hand in the cookie jar. 
But this is not a good luck for 

379
00:22:59,840 --> 00:23:03,240
Coinbase, obviously for the 
Bitcoin industry. 

380
00:23:03,560 --> 00:23:07,760
Now, I was talking with a friend
earlier and he reminded me of 

381
00:23:08,120 --> 00:23:12,400
when there was the meaning of 
the whole Bitcoin crypto 

382
00:23:12,400 --> 00:23:17,800
industry in the White House, 
that anytime Brian Armstrong was

383
00:23:17,800 --> 00:23:21,680
talking towards Donald Trump, 
there was a very interesting 

384
00:23:21,680 --> 00:23:23,520
moment there. 
He raised his hand and he said 

385
00:23:23,520 --> 00:23:26,240
something to Trump or Trump 
basically asked, oh, I'm so 

386
00:23:26,240 --> 00:23:28,600
happy for everyone to be here. 
This is historic. 

387
00:23:28,800 --> 00:23:32,200
I forget what the name was when 
they all had that, like it 

388
00:23:32,200 --> 00:23:34,520
wasn't a round table, but they 
had the dinner table. 

389
00:23:34,520 --> 00:23:39,120
They did the press press release
where it's like, oh, look, we 

390
00:23:39,120 --> 00:23:41,960
did the executive order, Bitcoin
strategic reserve. 

391
00:23:41,960 --> 00:23:44,000
Look at all of us with all these
industry people. 

392
00:23:45,400 --> 00:23:49,600
And there was a certain moment 
where Brian Armstrong raised his

393
00:23:49,600 --> 00:23:53,440
hand because Trump was like, 
hey, does anyone want to talk? 

394
00:23:53,440 --> 00:23:55,560
Say a question. 
And Brian Armstrong raised his 

395
00:23:55,560 --> 00:23:59,440
hand, and you could physically 
see that Trump just completely 

396
00:23:59,440 --> 00:24:01,840
ignored him. 
So why am I bringing that up? 

397
00:24:03,920 --> 00:24:07,520
Because you could say that if 
that is the case. 

398
00:24:08,360 --> 00:24:11,440
Especially considering that the 
Trump children are all in on 

399
00:24:11,440 --> 00:24:14,520
Bitcoin. 
They very publicly said Bitcoin 

400
00:24:14,520 --> 00:24:16,360
is money. 
They love this thing. 

401
00:24:16,360 --> 00:24:18,840
Now, you could say there's 
political games being played, 

402
00:24:19,680 --> 00:24:21,520
but they're fully invested in 
Bitcoin. 

403
00:24:22,480 --> 00:24:24,240
I think they want to see it do 
well. 

404
00:24:24,240 --> 00:24:26,160
They think it's going to 
$1,000,000. 

405
00:24:28,160 --> 00:24:32,000
Maybe you could say there's a 
chance that they don't really 

406
00:24:32,000 --> 00:24:34,280
like Brian Armstrong on Capitol 
Hill. 

407
00:24:34,920 --> 00:24:38,400
Maybe it's just Congress that 
takes what Brian Armstrong is 

408
00:24:38,400 --> 00:24:41,400
saying seriously. 
And maybe when this stuff 

409
00:24:41,400 --> 00:24:45,720
happens or really comes to A to 
a point that whatever Brian 

410
00:24:45,720 --> 00:24:48,160
Armstrong does, they really 
ignore it. 

411
00:24:48,160 --> 00:24:51,440
But if he's part of the lobbying
group, again, you got to 

412
00:24:51,440 --> 00:24:55,480
remember, personnel is policy. 
So if Brian Armstrong is able to

413
00:24:55,480 --> 00:24:58,920
get to the personnel, they're 
the ones that are making the 

414
00:24:58,920 --> 00:25:01,880
policy. 
And I know a lot of people don't

415
00:25:01,880 --> 00:25:04,920
think Trump necessarily reads 
everything, so some things could

416
00:25:04,920 --> 00:25:08,920
slip through. 
But when I was reminded of this,

417
00:25:08,920 --> 00:25:12,560
it's like, OK, maybe Brian 
Armstrong isn't as like doesn't 

418
00:25:12,560 --> 00:25:16,080
have as much influence as all of
us would like to say. 

419
00:25:16,080 --> 00:25:19,000
So maybe there's some hope that 
they're trying to save some 

420
00:25:19,000 --> 00:25:22,240
face. 
So if we, if we come back maybe 

421
00:25:22,240 --> 00:25:26,560
next week or maybe over the 
weekend and we see that Brian 

422
00:25:26,560 --> 00:25:29,640
Armstrong is totally willing to 
sit down with the Bitcoin Policy

423
00:25:29,640 --> 00:25:34,480
Institute, totally do a, a 
public roundtable with 

424
00:25:34,480 --> 00:25:38,920
politicians and stand on the 
ground of yes, we want a de 

425
00:25:38,920 --> 00:25:42,800
minimis tax on Bitcoin. 
Personally, I want to see more. 

426
00:25:42,800 --> 00:25:46,480
I want to see just complete end 
of capital gains on not just 

427
00:25:46,480 --> 00:25:49,240
Bitcoin. 
Personally, I, I stand with 

428
00:25:49,240 --> 00:25:52,120
maybe the hard, more hardcore 
people, like just let's 

429
00:25:52,120 --> 00:25:54,880
eliminate a period because 
that's a tax on saving, That's a

430
00:25:54,880 --> 00:25:57,240
tax on the productive people, 
the smart people making the 

431
00:25:57,240 --> 00:26:00,760
smart choices. 
But I guess again, a win is a 

432
00:26:00,760 --> 00:26:04,280
win, a small win is a win. 
And we got to set some precedent

433
00:26:04,280 --> 00:26:08,160
here. 
But man, looking at this, 

434
00:26:08,320 --> 00:26:14,160
knowing Coinbase's history in 
Bitcoin, I think they got caught

435
00:26:14,160 --> 00:26:16,520
with their hand in the cookie 
jar and now they're trying to 

436
00:26:16,520 --> 00:26:19,200
save face because they know how 
bad this actually is. 

437
00:26:20,800 --> 00:26:23,040
What's the saying? 
You know, what you do in private

438
00:26:23,040 --> 00:26:25,400
will be made public. 
Maybe they thought they could 

439
00:26:25,400 --> 00:26:28,280
get away with this in private 
and they never thought it was 

440
00:26:28,280 --> 00:26:31,120
going to be public news, a 
public news story for everyone 

441
00:26:31,120 --> 00:26:34,560
because maybe there's some form 
of Ndas or whatever they 

442
00:26:34,560 --> 00:26:36,120
thought. 
There's no phones recording 

443
00:26:36,120 --> 00:26:37,720
these conversations. 
They could say whatever they 

444
00:26:37,720 --> 00:26:40,680
want. 
They're playing the Wall Street 

445
00:26:40,680 --> 00:26:43,600
games of we want to maintain our
regulatory melt. 

446
00:26:44,720 --> 00:26:46,400
They want to maintain their 
business. 

447
00:26:48,320 --> 00:26:50,920
They might have just got caught,
is all I'm saying. 

448
00:26:51,000 --> 00:26:54,320
Again, this is still part of the
rumor mill. 

449
00:26:54,320 --> 00:26:57,560
This is speculation. 
These are accusations. 

450
00:26:58,080 --> 00:27:03,200
But we have three people that 
have been in these conversations

451
00:27:03,200 --> 00:27:07,760
on Capitol Hill saying I have 
multiple sources, each of them 

452
00:27:07,760 --> 00:27:09,640
saying that this is in fact 
going on. 

453
00:27:09,640 --> 00:27:13,280
Whether it's attacking de 
minimis tax on Bitcoin, whether 

454
00:27:13,280 --> 00:27:18,520
it's attacking the caveat, the 
policy of protecting open source

455
00:27:18,520 --> 00:27:26,680
developers coming from Coinbase.
They are not good actors in the 

456
00:27:26,680 --> 00:27:29,800
space. 
At this point, if you're still 

457
00:27:29,800 --> 00:27:34,280
using Coinbase, I can really say
maybe only one of two reasons. 

458
00:27:34,280 --> 00:27:36,840
One, you're just lazy. 
And two, you really just don't 

459
00:27:36,840 --> 00:27:39,960
know what's going on. 
For better or worse, Coinbase 

460
00:27:39,960 --> 00:27:46,160
does have the mindshare. 
They do have the, the PR that if

461
00:27:46,160 --> 00:27:48,160
you want to buy Bitcoin, you go 
to Coinbase. 

462
00:27:48,920 --> 00:27:51,680
You know, they've been doing the
Backstreet Boys commercials and 

463
00:27:51,680 --> 00:27:54,760
you know, they're, they're 
getting the billboards on Wall 

464
00:27:54,760 --> 00:27:56,200
Street. 
Well, you know, they got enough 

465
00:27:56,200 --> 00:27:58,000
money to do the marketing 
aspects. 

466
00:27:58,000 --> 00:28:01,000
So for a lot of people, there's 
still a connection between 

467
00:28:01,000 --> 00:28:03,920
Bitcoin and crypto and Coinbase.
And if you want to get Bitcoin, 

468
00:28:03,920 --> 00:28:07,280
you go to Coinbase. 
At this point, no one should be 

469
00:28:07,280 --> 00:28:10,400
recommending Coinbase. 
No one should be using Coinbase.

470
00:28:11,480 --> 00:28:14,080
If you really want to, if you 
really want to vote with your 

471
00:28:14,080 --> 00:28:19,160
dollars, then the only thing 
these people will learn, whether

472
00:28:19,160 --> 00:28:22,160
it's a politician, whether it's 
the crypto exchanges, whether 

473
00:28:22,160 --> 00:28:25,320
it's quote UN quote, some of the
Bitcoin Ogs, you got to hit them

474
00:28:25,320 --> 00:28:28,960
where it hurts. 
And that is their pocketbook. 

475
00:28:30,680 --> 00:28:37,080
So look, I tend to believe, 
Marty, I think this is probably 

476
00:28:37,080 --> 00:28:41,360
more truthful than not. 
It's not a good look for 

477
00:28:41,360 --> 00:28:45,240
Coinbase. 
We'll see what happens moving 

478
00:28:45,240 --> 00:28:48,680
forward. 
Again, this is accusations, 

479
00:28:48,680 --> 00:28:50,480
rumor mills going wild right 
now. 

480
00:28:50,480 --> 00:28:54,480
It is slow news story right now.
There's a slow news cycle. 

481
00:28:54,760 --> 00:28:56,600
We're in the depths of the bear 
market. 

482
00:28:56,600 --> 00:28:59,400
We don't know how bad things are
going to get yet. 

483
00:28:59,600 --> 00:29:02,320
Everyone's demoralized. 
People want something to talk 

484
00:29:02,320 --> 00:29:04,800
about. 
I'll be a little lenient. 

485
00:29:05,040 --> 00:29:08,760
That could be the case, but I 
don't think that's exactly 

486
00:29:08,760 --> 00:29:14,000
what's going on. 
I think they got caught anyways,

487
00:29:14,040 --> 00:29:17,640
moving forward. 
Oh wait, actually, you know, I 

488
00:29:17,640 --> 00:29:24,720
know you guys love memes, so let
me put up a good meme here and I

489
00:29:24,720 --> 00:29:28,720
don't know who this guy is. 
Vexel, all right, hardcore 

490
00:29:28,720 --> 00:29:30,280
bitcoiner. 
And he goes, if your Bitcoin is 

491
00:29:30,280 --> 00:29:34,640
with these Bros, it's not your 
Bitcoin and it's a picture of 

492
00:29:34,640 --> 00:29:39,720
Larry Fink and Brian Armstrong. 
So that's my take here. 

493
00:29:40,600 --> 00:29:44,960
If you're buying the Black Rock 
ETF, if you're buying Bitcoin 

494
00:29:44,960 --> 00:29:48,880
from Coinbase and you're leaving
it on Coinbase, that is not your

495
00:29:48,880 --> 00:29:52,200
Bitcoin. 
You are sleeping with the enemy.

496
00:29:52,200 --> 00:29:56,960
OK, not even a spicy take. 
It's not even a spicy take at 

497
00:29:56,960 --> 00:29:59,560
all. 
But hey, you know, you do what 

498
00:29:59,560 --> 00:30:03,520
you want with your money as far 
as I'm concerned, but there's no

499
00:30:03,520 --> 00:30:07,520
one to blame if something goes 
horribly wrong but yourself. 

500
00:30:09,000 --> 00:30:13,880
Don't buy the IBIT BlackRock ETF
and if you have Bitcoin on 

501
00:30:13,880 --> 00:30:17,880
Coinbase, get it off today or 
rather get it off this weekend. 

502
00:30:19,160 --> 00:30:20,680
That's that's the take away 
here. 

503
00:30:21,200 --> 00:30:25,600
All right, guys, so moving 
forward, there are some 

504
00:30:25,640 --> 00:30:27,960
interesting conversations 
happening. 

505
00:30:28,280 --> 00:30:34,440
One clip from CNBC, which is 
really leaning into what I've 

506
00:30:34,440 --> 00:30:38,360
been saying about Bitcoin in 
regards to what has currently 

507
00:30:38,360 --> 00:30:40,960
happened in the Middle East and 
how resilient has been. 

508
00:30:41,720 --> 00:30:45,160
It might be showing us something
of where we currently are in the

509
00:30:45,160 --> 00:30:48,960
story of Bitcoin, or rather what
investors and people outside of 

510
00:30:48,960 --> 00:30:55,640
Bitcoin are starting to maybe 
see and realize Bitcoin could be

511
00:30:55,800 --> 00:30:58,640
an alternative asset and 
alternative investment and 

512
00:30:58,640 --> 00:31:04,000
further in alternative money. 
Now again, I mind reading, but 

513
00:31:04,800 --> 00:31:07,440
I'm going to make the case that 
we are sort of seeing that 

514
00:31:07,440 --> 00:31:10,080
happen in real time. 
And then going further, we got a

515
00:31:10,080 --> 00:31:14,640
huge, huge announcement coming 
out of the CFTC and SEC last 

516
00:31:14,640 --> 00:31:19,520
night as well. 
And then I believe Mateo from 

517
00:31:19,560 --> 00:31:22,800
Club Orange is coming on today, 
at least that's what my schedule

518
00:31:22,800 --> 00:31:24,960
says. 
So he should be here in a couple

519
00:31:24,960 --> 00:31:26,880
of minutes. 
On that note, let me hit the 

520
00:31:26,880 --> 00:31:28,320
first commercial and we'll be 
right back. 

521
00:31:30,320 --> 00:31:33,760
Today's episode is brought to 
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522
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540
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541
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542
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543
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544
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545
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550
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551
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552
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556
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Alrighty then guys, we are back 

559
00:33:43,120 --> 00:33:47,280
and the current Bitcoin price is
70,270. 

560
00:33:47,280 --> 00:33:53,240
We did get to a 69K low. 
I think the day's still on green

561
00:33:53,240 --> 00:33:56,800
if it's we're in the 70K. 
So hey, there's some life back 

562
00:33:56,800 --> 00:34:00,840
in Bitcoin. 
Anyways, a 44.3% discount from 

563
00:34:00,840 --> 00:34:05,560
all time high and the market 
cap, we are still above $1.4 

564
00:34:05,560 --> 00:34:11,960
trillion, currently 1.41 and the
block height is 940,417. 

565
00:34:12,320 --> 00:34:17,800
OK, guys, like I said, I'm going
to be making the case as I've 

566
00:34:17,800 --> 00:34:21,199
been kind of making the last 
couple of days that what we're 

567
00:34:21,199 --> 00:34:25,120
seeing currently in the Bitcoin 
price action considering what's 

568
00:34:25,120 --> 00:34:28,520
going on globally, I think it's 
very resilient, it's very 

569
00:34:28,520 --> 00:34:31,760
strong. 
And I don't know, I don't want 

570
00:34:31,760 --> 00:34:36,960
to say this guy's watching, you 
know, simply Bitcoin, but I 

571
00:34:36,960 --> 00:34:40,280
haven't heard a lot of people 
say this kind of theme, this 

572
00:34:40,280 --> 00:34:42,880
kind of perspective. 
Actually I've seen a couple 

573
00:34:42,880 --> 00:34:47,560
tweets, I brought them up 
obviously, but we might be 

574
00:34:47,560 --> 00:34:53,239
seeing the tide shift around the
perspective of Bitcoin. 

575
00:34:53,679 --> 00:34:57,480
I know a lot of people still 
view Bitcoin as a risk on asset.

576
00:34:57,680 --> 00:35:00,800
We obviously believe otherwise. 
It's a risk off asset. 

577
00:35:01,200 --> 00:35:06,800
Yes, it's been trading very 
closely to some equities, but in

578
00:35:06,800 --> 00:35:09,320
reality I think that's only in 
the short term. 

579
00:35:09,680 --> 00:35:14,360
And this clip on CNBC is saying 
a lot of the same things. 

580
00:35:14,360 --> 00:35:18,080
And when I was looking at this 
this morning and I was kind of 

581
00:35:18,920 --> 00:35:22,960
thinking about a little bit, I 
think when you connect what 

582
00:35:22,960 --> 00:35:29,840
we're seeing with stocks, with 
gold, with Bitcoin, I think 

583
00:35:29,840 --> 00:35:33,120
there is a story to be told. 
So let me play the clip 1st and 

584
00:35:33,120 --> 00:35:37,560
then I'll make the case for what
I potentially think is going on.

585
00:35:39,680 --> 00:35:42,400
Look, military conflicts. 
We know the drill. 

586
00:35:42,400 --> 00:35:46,200
It's oil's going to go back down
and equities are going to go 

587
00:35:46,200 --> 00:35:47,960
back up. 
That's what's going to happen. 

588
00:35:48,240 --> 00:35:51,440
But number one, it's just 
sometimes hard to stay in your 

589
00:35:51,440 --> 00:35:54,600
seat. 
And #2 mitigating volatility in 

590
00:35:54,600 --> 00:35:58,680
a portfolio means a lot because 
you can get 8% a year with low 

591
00:35:58,680 --> 00:36:00,720
volatility. 
Actually, you'll compound to 

592
00:36:00,720 --> 00:36:03,600
more than 10% with lots of 
volatility. 

593
00:36:03,800 --> 00:36:06,560
So having diversified assets 
means a lot. 

594
00:36:06,840 --> 00:36:09,840
And so far in this conflict, 
actually, if you look at 

595
00:36:09,840 --> 00:36:12,680
Bitcoin, it's up a little bit 
and equities are down. 

596
00:36:13,040 --> 00:36:17,680
So the diversifying piece, I 
think, still stays intact as an 

597
00:36:17,680 --> 00:36:20,040
important theme here. 
And that's what I think is 

598
00:36:20,040 --> 00:36:23,680
important to focus on. 
So many folks have concluded 

599
00:36:23,920 --> 00:36:28,080
that cryptocurrencies, Bitcoin, 
Ether, Solana, XRP, that they're

600
00:36:28,080 --> 00:36:30,640
just risk assets. 
But if you really run the 

601
00:36:30,640 --> 00:36:34,600
numbers, you can see that not 
only do they have de minimis 

602
00:36:34,800 --> 00:36:38,520
correlation with equities, but 
they also have extremely low 

603
00:36:38,520 --> 00:36:42,440
correlation with gold and silver
as an example. 

604
00:36:42,440 --> 00:36:45,960
So I think the diversification 
story really holds in in this 

605
00:36:45,960 --> 00:36:48,880
current environment. 
Now let's ignore the whole shit 

606
00:36:48,880 --> 00:36:51,560
coin part. 
Obviously that's trash. 

607
00:36:52,240 --> 00:36:57,360
This this guy is pro from pro 
shares, which has various ETFs. 

608
00:36:57,360 --> 00:37:02,320
So I, I don't endorse that those
shit coin aspect of this. 

609
00:37:02,760 --> 00:37:05,360
But anyways, if you're looking 
at equities right now, 

610
00:37:05,360 --> 00:37:09,840
specifically the S&P 500, 
NASDAQ, they've been on the 

611
00:37:09,840 --> 00:37:13,080
decline for pretty much since 
the start of the year there. 

612
00:37:13,080 --> 00:37:14,560
There's obviously been some 
volatility. 

613
00:37:14,560 --> 00:37:18,160
It's not like a crazy decline. 
I believe I did the the charts 

614
00:37:18,160 --> 00:37:24,880
this morning and it's roughly 
around like 5% on NASDAQ and the

615
00:37:24,880 --> 00:37:28,760
S&P 500. 
And then the Dow is down about 

616
00:37:28,760 --> 00:37:34,320
7:00-ish percent. 
But we're seeing that, yes, gold

617
00:37:34,320 --> 00:37:36,800
and silver are down from their 
all time high. 

618
00:37:37,840 --> 00:37:40,240
But if you're looking the trend 
of what equities are doing, 

619
00:37:40,240 --> 00:37:44,040
specifically those indexes that 
I mentioned, they've kind of 

620
00:37:44,040 --> 00:37:47,400
been, you know, a little toppy. 
They're rolling down and kind of

621
00:37:47,400 --> 00:37:52,280
trending downwards. 
But gold and arguably silver 

622
00:37:52,280 --> 00:37:55,360
being in the conversation of 
precious metals and hard money, 

623
00:37:55,640 --> 00:37:59,800
they've corrected, but they've 
been slowly grinding upwards. 

624
00:38:00,560 --> 00:38:04,800
And that is the same kind of 
price action we've seen from 

625
00:38:04,800 --> 00:38:07,920
Bitcoin. 
And so when you connect the idea

626
00:38:07,920 --> 00:38:12,200
of gold as our Big Brother in 
the hard money game and of 

627
00:38:12,200 --> 00:38:18,760
course Bitcoin as in my opinion 
the pristine hard money, are we 

628
00:38:18,760 --> 00:38:24,680
seeing? 
This may be realization as this 

629
00:38:24,680 --> 00:38:28,240
clip was saying, that you 
probably want something that 

630
00:38:28,240 --> 00:38:30,840
isn't correlated with the 
traditional financial system. 

631
00:38:30,840 --> 00:38:34,160
You might want a neutral money, 
you might want something that is

632
00:38:34,160 --> 00:38:37,560
completely not dependent on the 
Fiat system. 

633
00:38:38,080 --> 00:38:42,280
And if we continue to see gold 
and Bitcoin and I, I guess 

634
00:38:42,280 --> 00:38:46,240
arguably as well silver continue
to grind upwards, why we see 

635
00:38:46,240 --> 00:38:49,360
equities go downwards. 
I'm not saying we're seeing a 

636
00:38:49,400 --> 00:38:52,200
repricing and people selling 
their equities to get into 

637
00:38:52,200 --> 00:38:56,680
Bitcoin, but we are seeing the 
greater conversation of people 

638
00:38:56,680 --> 00:39:01,120
realizing that there needs to be
a hard money alternative into 

639
00:39:01,120 --> 00:39:03,120
your portfolios, into your 
investments. 

640
00:39:03,120 --> 00:39:06,200
Now obviously, I don't think 
Bitcoin is an investment. 

641
00:39:06,200 --> 00:39:07,760
I think it's the best money 
period. 

642
00:39:08,200 --> 00:39:12,440
But are we starting to slowly 
see a trend of people waking up 

643
00:39:12,440 --> 00:39:16,640
to the importance of hard money?
That's kind of what I'm saying, 

644
00:39:16,640 --> 00:39:22,040
especially in the face of a new 
global war or we're not in a 

645
00:39:22,040 --> 00:39:23,880
war. 
It's an operation. 

646
00:39:23,880 --> 00:39:27,560
It's a conflict. 
Though Pete Hegseth did say it 

647
00:39:27,560 --> 00:39:30,600
was a war. 
Like there, there's no consensus

648
00:39:30,600 --> 00:39:32,400
on what is going on in the 
Middle East. 

649
00:39:32,400 --> 00:39:35,000
Again, like is it a war or is it
not a war? 

650
00:39:35,000 --> 00:39:37,680
No one really knows. 
We're getting conflictive 

651
00:39:37,680 --> 00:39:39,840
narratives on what is actually 
going on. 

652
00:39:40,120 --> 00:39:42,920
I actually hit another tab. 
I don't know if you saw this 

653
00:39:42,920 --> 00:39:48,000
last night, but Trump went out 
there and said we are had 

654
00:39:48,000 --> 00:39:50,080
already won the war in the first
hour. 

655
00:39:51,480 --> 00:39:54,000
And then you're like, yeah, but 
like, we're two weeks in. 

656
00:39:54,000 --> 00:39:56,920
So what have we been doing for 
two weeks if we've already run 

657
00:39:56,920 --> 00:39:59,560
won the war? 
Now this morning he's like, 

658
00:39:59,560 --> 00:40:02,120
yeah, we probably might be there
for like another month. 

659
00:40:02,480 --> 00:40:05,200
You're like, what? 
Like what the hell is going on? 

660
00:40:06,600 --> 00:40:08,720
And then you see what's going on
with energy. 

661
00:40:08,880 --> 00:40:12,080
We did see a lot of Western 
nations announce that they were 

662
00:40:12,080 --> 00:40:16,320
going to release some of their 
strategic oil reserves. 

663
00:40:16,800 --> 00:40:21,720
Though it is a pale in the 
bucket compared to what happens 

664
00:40:21,720 --> 00:40:25,400
if we see a prolonged close of 
the Strait of Hormuz. 

665
00:40:27,240 --> 00:40:33,120
If this continues, if we do 
continue to see energy prices go

666
00:40:33,240 --> 00:40:40,840
higher, a shortage in oil, this,
this could really cause a lot of

667
00:40:40,840 --> 00:40:45,040
damage that we, we, we could 
really be in a very bad place 

668
00:40:45,040 --> 00:40:47,720
right now. 
And This is why I think we're 

669
00:40:47,720 --> 00:40:51,160
potentially seeing that people 
are starting to wake up to this 

670
00:40:51,160 --> 00:40:52,840
idea of like, I need some hard 
money. 

671
00:40:52,840 --> 00:40:55,200
I need something completely 
outside of the system. 

672
00:40:55,400 --> 00:41:00,000
I need a store of value. 
Now is it one of these things 

673
00:41:00,000 --> 00:41:02,920
where it goes to gold and silver
1st and eventually Bitcoin? 

674
00:41:03,560 --> 00:41:08,040
But again, I was really 
surprised last week when on 

675
00:41:08,040 --> 00:41:13,240
Monday the markets open after 
the attack in Iran that Bitcoin 

676
00:41:13,320 --> 00:41:16,840
didn't absolutely dump. 
I'm starting to get a little 

677
00:41:16,840 --> 00:41:19,760
bullish that maybe bitcoins 
holding up very well. 

678
00:41:19,760 --> 00:41:21,800
Maybe we're going to see a 
breakout very soon. 

679
00:41:21,800 --> 00:41:26,200
Again, trolling because I'm not 
the biggest TA guy, but I've I'm

680
00:41:26,200 --> 00:41:30,720
a Wick off maxi right now. 
I I want to believe, I think 

681
00:41:30,720 --> 00:41:33,640
it's, I think it's hanging on. 
I I think that's what's what's 

682
00:41:33,640 --> 00:41:37,240
happening right now. 
OK, anyways guys, another 

683
00:41:37,240 --> 00:41:40,880
commercial break and I do see 
Mateo is in the background. 

684
00:41:40,880 --> 00:41:45,360
Mateo is in the building, so I 
will bring him in after this 

685
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717
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718
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719
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720
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721
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All right, guys, we are. 

730
00:44:20,080 --> 00:44:21,080
Back. 
I'm going to I'm going to 

731
00:44:21,080 --> 00:44:24,120
quickly cover this. 
Oh, OK, but Mateo is back. 

732
00:44:24,120 --> 00:44:27,120
Mateo, I I saw you turned your 
camera off, so I'm like, OK, let

733
00:44:27,120 --> 00:44:29,800
me let me quickly cover this. 
But how you doing bro? 

734
00:44:29,840 --> 00:44:30,240
How? 
How? 

735
00:44:30,320 --> 00:44:32,600
Life been. 
What's up? 

736
00:44:32,600 --> 00:44:35,160
Bro. 
Yeah, Yeah, man, it, it's been a

737
00:44:35,160 --> 00:44:37,640
minute here. 
Let me let me quickly cover this

738
00:44:37,640 --> 00:44:40,280
and then wait. 
We'll just start chatting. 

739
00:44:40,280 --> 00:44:47,920
So guys, big news again. 
It is a lot of rhetoric, but the

740
00:44:47,920 --> 00:44:52,320
implication here is seemingly 
very favorable for the Bitcoin 

741
00:44:52,320 --> 00:44:55,680
industry at large, at least the 
idea. 

742
00:44:55,680 --> 00:44:58,200
We'll see what actually comes 
out of this, but this is an 

743
00:44:58,200 --> 00:45:00,320
announcement. 
So we have Michael Selig, of 

744
00:45:00,320 --> 00:45:03,240
course. 
He is the chairman of the CFTC, 

745
00:45:03,240 --> 00:45:05,640
and he goes. 
The days of turf battles between

746
00:45:05,640 --> 00:45:09,840
the CFTC and the SEC are over. 
SEC Paul Atkins and I are 

747
00:45:09,840 --> 00:45:11,920
working together. 
And today's memorandum of 

748
00:45:11,920 --> 00:45:15,000
understanding solidifies our 
efforts to achieve our mutual 

749
00:45:15,000 --> 00:45:17,480
goals of harmonization. 
Of course. 

750
00:45:17,480 --> 00:45:19,160
Read more. 
Here's the official press 

751
00:45:19,160 --> 00:45:20,320
release. 
I'm not going to read the whole 

752
00:45:20,320 --> 00:45:22,480
thing. 
I'll read the intro and then 

753
00:45:22,480 --> 00:45:25,480
I'll read the specific point 
about, you know, digital assets 

754
00:45:25,480 --> 00:45:27,200
or cryptos. 
And he goes. 

755
00:45:27,200 --> 00:45:30,720
The Commodities Future Trading 
Commission and the SEC today 

756
00:45:30,720 --> 00:45:33,160
announced that they have entered
into a Memorandum of 

757
00:45:33,160 --> 00:45:36,200
understanding to guide 
coordination and collaboration 

758
00:45:36,200 --> 00:45:39,080
between the two agents to 
support lawful innovation, 

759
00:45:39,360 --> 00:45:42,680
uphold market integrity, and 
ensure investors and customers 

760
00:45:42,960 --> 00:45:46,520
protection. 
The MOU reflects both agencies 

761
00:45:46,520 --> 00:45:49,080
commitment to provide fair 
notice to market participants, 

762
00:45:49,080 --> 00:45:52,600
respect individual liberty and 
foster lawful innovation with 

763
00:45:52,600 --> 00:45:56,080
the minimum effective dose of 
regulation to enhance US 

764
00:45:56,080 --> 00:46:00,880
competitiveness in finance. 
So hey, look again rhetoric, 

765
00:46:00,880 --> 00:46:05,600
it's a press release, but 
seemingly a good thing. 

766
00:46:05,840 --> 00:46:07,760
And I'll, I'll probably explain 
that a little bit. 

767
00:46:07,760 --> 00:46:11,120
But anyways, here is what they 
support and it goes. 

768
00:46:11,120 --> 00:46:13,720
The initiative will support 
coordination across the policy 

769
00:46:13,720 --> 00:46:16,480
making, examination and 
enforcement functions of each 

770
00:46:16,480 --> 00:46:20,440
agency, particularly for joint 
applications and shared policy 

771
00:46:20,440 --> 00:46:24,240
efforts, including providing a 
fit for purpose regulatory 

772
00:46:24,240 --> 00:46:27,680
framework for crypto assets and 
other emerging technologies. 

773
00:46:27,960 --> 00:46:32,600
All these other ones you could 
say don't necessarily relate to 

774
00:46:32,600 --> 00:46:36,480
Bitcoin. 
But the idea here is one of the 

775
00:46:36,480 --> 00:46:41,600
things I've been saying on the 
show for a minute that in the 

776
00:46:41,600 --> 00:46:46,720
past we've seen from the SEC and
the CFTC that they would 

777
00:46:46,720 --> 00:46:51,520
basically have two different 
definitions for what Bitcoin and

778
00:46:51,520 --> 00:46:53,920
quote, you know, cryptos are at 
large. 

779
00:46:54,560 --> 00:46:58,720
And this announcement, it seems 
like we're going to get a 

780
00:46:58,760 --> 00:47:01,720
definitive perspective of what 
Bitcoin is. 

781
00:47:02,000 --> 00:47:06,280
Hopefully they go the, you know,
CFTC route where Bitcoin is a 

782
00:47:06,280 --> 00:47:10,480
digital commodity and preferably
everything else is a security. 

783
00:47:11,080 --> 00:47:15,040
That might be too much to ask, 
but for the for the longest time

784
00:47:15,040 --> 00:47:19,760
the SEC has has really treated 
Bitcoin or crypto assets as 

785
00:47:19,760 --> 00:47:23,440
securities. 
Now hopefully if we do get some 

786
00:47:23,480 --> 00:47:28,080
some good harmonization here, if
we do get a overarching view of 

787
00:47:28,080 --> 00:47:32,000
what Bitcoin is, this does bring
in the idea of regulatory 

788
00:47:32,000 --> 00:47:34,320
clarity. 
Preferably, like I said, they 

789
00:47:34,320 --> 00:47:38,520
treat Bitcoin as a commodity. 
Preferably it'd get to Bitcoin 

790
00:47:38,520 --> 00:47:41,000
as a money. 
But again, I, I think I might be

791
00:47:41,000 --> 00:47:44,040
asking a little too much here. 
I, I always seem to be on the 

792
00:47:44,040 --> 00:47:48,240
extreme side of everything going
on here, but maybe a small win 

793
00:47:48,240 --> 00:47:50,880
is a win. 
I, I guess that's my short term 

794
00:47:50,880 --> 00:47:54,320
pain for long term gain here. 
I'm repeating A win is a win, a 

795
00:47:54,320 --> 00:47:57,760
small win is a win. 
So that's the big announcement. 

796
00:47:57,760 --> 00:48:01,280
Again, it's an announcement. 
We'll see what actually gets 

797
00:48:01,280 --> 00:48:04,040
pushed through or rather what 
they actually conclude. 

798
00:48:04,360 --> 00:48:07,880
But this is this is some big 
news in regards to how we're 

799
00:48:07,880 --> 00:48:10,760
going to see these agencies 
treat Bitcoin. 

800
00:48:11,760 --> 00:48:14,240
We'll cover it when it 
officially launches, but in the 

801
00:48:14,240 --> 00:48:16,720
meantime, at least we're aware 
of what's going on. 

802
00:48:17,000 --> 00:48:20,320
Anyways, Mateo, we could, we 
could pivot from here. 

803
00:48:20,320 --> 00:48:24,840
I just wanted to get that 
through, but man, or actually, 

804
00:48:24,840 --> 00:48:26,760
do you want to hit on this? 
Do you, do you, do you have 

805
00:48:26,760 --> 00:48:29,600
thoughts on this or, or we could
just keep keep the conversation 

806
00:48:29,600 --> 00:48:33,640
going somewhere else? 
So I have thought on the SEC. 

807
00:48:34,600 --> 00:48:38,200
Well, I mean, it's my favorite 
institution in the world, so. 

808
00:48:38,800 --> 00:48:39,600
I. 
Surely don't. 

809
00:48:40,240 --> 00:48:44,240
No, man, I don't really. 
I'm not too worried about what 

810
00:48:44,240 --> 00:48:47,440
the government thinks Bitcoin 
is, to be honest with you. 

811
00:48:48,000 --> 00:48:50,800
It's at the end of the day, 
it's, you know, Bitcoin is what 

812
00:48:50,800 --> 00:48:52,960
Bitcoiners think it shouldn't 
be. 

813
00:48:54,400 --> 00:48:58,160
So I think it, it'd be easier, I
guess for people that are 

814
00:48:58,160 --> 00:49:02,480
knowing to be coined if the SEC 
says, oh, it's money or it's 

815
00:49:02,680 --> 00:49:05,400
commodity. 
But personally, I'm not too 

816
00:49:05,400 --> 00:49:06,720
worried about it to be honest 
with you. 

817
00:49:07,840 --> 00:49:14,120
Yeah, I love that I I have. 
Definitely been on that train 

818
00:49:14,120 --> 00:49:17,360
for a while. 
I think, you know, Niko, Niko is

819
00:49:17,360 --> 00:49:19,520
super big on on the politics 
stuff. 

820
00:49:19,520 --> 00:49:22,160
And you know, I was listening to
to bad advice. 

821
00:49:22,160 --> 00:49:24,600
No, no, I'm trying like. 
Niko Niko is good advice. 

822
00:49:26,080 --> 00:49:29,080
And so I, I definitely got 
caught up in, in the, the 

823
00:49:29,080 --> 00:49:32,840
politics angle of Bitcoin and I 
definitely had to step back for 

824
00:49:32,840 --> 00:49:34,960
a little bit and be like, what, 
what, what am I here for? 

825
00:49:34,960 --> 00:49:36,560
I'm like, I'm here for Bitcoin. 
It's money. 

826
00:49:38,280 --> 00:49:40,520
Maybe I'm I'm a hardcore 
bitcoiner. 

827
00:49:40,520 --> 00:49:43,840
I know there's far and few of us
still left here because everyone

828
00:49:43,840 --> 00:49:46,280
became a suit corner. 
Everyone started shilling the 

829
00:49:47,080 --> 00:49:50,720
Bitcoin treasury companies and 
they made a bag all our friends 

830
00:49:50,720 --> 00:49:52,880
that did it. 
They made some money and we were

831
00:49:52,880 --> 00:49:55,320
sitting here like damn, we 
should have been shilling them. 

832
00:49:55,320 --> 00:49:57,520
What are we doing just telling 
people to buy Bitcoin and take 

833
00:49:57,520 --> 00:50:00,360
it to self custody. 
Good thing we didn't though 

834
00:50:00,360 --> 00:50:03,480
'cause it seems like the 
reputations maybe took a hit on 

835
00:50:03,480 --> 00:50:06,640
that. 
But I agree, I think if I think 

836
00:50:06,640 --> 00:50:11,200
if we get a point where people 
use Bitcoin, everything will 

837
00:50:11,200 --> 00:50:14,560
kind of figure itself out. 
It's almost like what we saw, of

838
00:50:14,880 --> 00:50:17,360
course, with the Internet, I 
know it's a it's a trope at this

839
00:50:17,360 --> 00:50:21,040
point, but we saw in the past 
with new emerging technologies, 

840
00:50:21,040 --> 00:50:23,920
they do try to regulate it. 
And then at a certain point, 

841
00:50:23,920 --> 00:50:26,480
once everyone uses it, they 
realize they can't actually 

842
00:50:26,480 --> 00:50:29,240
regulate this thing. 
So hopefully we get to that 

843
00:50:29,240 --> 00:50:31,440
point. 
Hopefully enough people use 

844
00:50:31,440 --> 00:50:33,640
Bitcoin. 
I, I guess that's the big hope. 

845
00:50:33,640 --> 00:50:36,600
Actually, Matteo, I wanna, I 
wanna ask you this because I 

846
00:50:36,600 --> 00:50:39,160
know you are a hardcore 
Bitcoiner. 

847
00:50:39,160 --> 00:50:41,760
You're a hardcore Bitcoin is 
money person. 

848
00:50:42,280 --> 00:50:47,840
And one of the fears that I've 
had in recent years is the fact 

849
00:50:47,840 --> 00:50:51,360
that we aren't seeing people use
Bitcoin or even caring about 

850
00:50:51,360 --> 00:50:53,840
Bitcoin. 
And I'm like, I think the only 

851
00:50:53,840 --> 00:50:56,920
failure that Bitcoin could have 
at this point, I don't think the

852
00:50:56,920 --> 00:51:01,000
network will necessarily die. 
It's just that people don't care

853
00:51:01,000 --> 00:51:02,880
about Bitcoin. 
So what's, what's your thoughts 

854
00:51:02,880 --> 00:51:04,240
on this? 
Are you seeing that from your 

855
00:51:04,240 --> 00:51:06,120
side? 
Obviously you're, you're a 

856
00:51:06,120 --> 00:51:07,640
company that connects 
Bitcoiners. 

857
00:51:07,640 --> 00:51:11,560
So maybe you're a little biased 
because now all I do is read the

858
00:51:11,560 --> 00:51:14,920
headlines and I'm like, I just 
don't feel like people care 

859
00:51:14,920 --> 00:51:16,560
right now. 
But it could just be a bear. 

860
00:51:16,640 --> 00:51:20,280
Market thing. 
I mean, yeah, I mean the stuff 

861
00:51:20,280 --> 00:51:23,800
the bear market is not helping 
for now, right? 

862
00:51:23,800 --> 00:51:25,760
This is a momentary thing. 
I mean, if you've been in 

863
00:51:25,760 --> 00:51:31,000
Bitcoin 56710 years, 15 years 
and some people have been 15 

864
00:51:31,000 --> 00:51:36,080
years in Bitcoin, I've been in 
Bitcoin 1718 years actually. 

865
00:51:36,080 --> 00:51:41,840
So joking outside, you know, you
know, it goes, there's a bull 

866
00:51:41,840 --> 00:51:43,800
market, then there's a bear 
market. 

867
00:51:44,200 --> 00:51:47,240
These four year cycles, one day 
it'll be over. 

868
00:51:47,640 --> 00:51:52,240
We don't know. 
But yeah, I mean, that option if

869
00:51:52,240 --> 00:51:56,040
you look at yeah, so if you look
at own chain, obviously fees, 

870
00:51:56,040 --> 00:51:59,600
that's basically it's zero. 
So there's not much volume 

871
00:51:59,600 --> 00:52:02,440
there. 
But this could also mean that 

872
00:52:03,200 --> 00:52:05,400
Bitcoin has scaled to the Latin 
network, right? 

873
00:52:05,400 --> 00:52:07,440
I mean, the Latin network is 
going parabolic. 

874
00:52:07,800 --> 00:52:10,240
If you look at the measures on 
the Latin network, like we have 

875
00:52:10,280 --> 00:52:14,800
a, you know, we have launched a 
wallet last year basically, 

876
00:52:14,800 --> 00:52:20,080
yeah, one year and change and we
have done 4 million transactions

877
00:52:20,920 --> 00:52:24,280
just us. 
So starting from zero, right. 

878
00:52:24,280 --> 00:52:30,680
So I think the Latin Macroid's 
taking away a lot of activity 

879
00:52:30,680 --> 00:52:35,480
from the layer one to layer 2, 
which is I should be anyway, 

880
00:52:35,480 --> 00:52:37,040
right? 
We don't wanna you mean nobody 

881
00:52:37,040 --> 00:52:39,400
wants to wait 10 minutes to get 
a coffee. 

882
00:52:40,280 --> 00:52:44,360
So so, you know, I don't know if
they own chain is reflective of 

883
00:52:44,360 --> 00:52:48,120
what actually is going on in the
Bitcoin ecosystem that much, you

884
00:52:48,120 --> 00:52:52,120
know, and also this ETF, you 
know, people now buy on the ETF.

885
00:52:52,120 --> 00:52:56,520
So there's no, you know, they 
can buy 1000 Bitcoin and do 0 

886
00:52:56,520 --> 00:52:59,200
transaction on the, you know, on
on the blockchain. 

887
00:52:59,720 --> 00:53:01,080
There's a lot. 
Of, you know, it's definitely 

888
00:53:01,080 --> 00:53:04,080
change, it's definitely mature. 
You know, the ecosystem is 

889
00:53:04,080 --> 00:53:06,840
mature, right? 
Like a lot, especially since I 

890
00:53:06,840 --> 00:53:11,840
got in in 20/17/2018 and now the
banks are going to come in. 

891
00:53:11,840 --> 00:53:14,160
Right now you're going to be 
able to get bitcoins from your 

892
00:53:14,160 --> 00:53:17,800
Wells Fargo Citibank account. 
And you probably don't even know

893
00:53:17,800 --> 00:53:20,840
what is a blockchain, right? 
Or what is lighting like all 

894
00:53:20,840 --> 00:53:23,040
these things that they are going
to go in the background. 

895
00:53:23,400 --> 00:53:28,440
I think, you know, if you ask 
me, how is Bitcoin going to win 

896
00:53:28,880 --> 00:53:32,080
is when people don't even know 
what's the blockchain on the 

897
00:53:32,080 --> 00:53:34,720
lighting. 
They just use Bitcoin from their

898
00:53:35,120 --> 00:53:37,920
checking account, from their 
credit card, whatever it is, 

899
00:53:37,920 --> 00:53:39,640
right? 
I think that's when Bitcoin 

900
00:53:39,640 --> 00:53:42,600
wins. 
Is that like it's everywhere and

901
00:53:42,600 --> 00:53:47,600
it just works, right? 
So that's kind of my that's kind

902
00:53:47,600 --> 00:53:50,920
of my thesis right now. 
And the bird market is a great 

903
00:53:50,920 --> 00:53:53,880
time to build, as the saying 
goes. 

904
00:53:53,880 --> 00:53:58,800
So we're building a lot of cool 
stuff at Club Orange and you 

905
00:53:58,800 --> 00:54:01,560
know, we actually said on 
boarding merchants recently, I 

906
00:54:01,560 --> 00:54:04,560
don't know if you saw my tweet 
about this pizza guy in Los 

907
00:54:04,560 --> 00:54:06,560
Angeles. 
No, no I didn't. 

908
00:54:06,680 --> 00:54:07,760
I'll pull it up right now 
though. 

909
00:54:08,400 --> 00:54:10,760
Yeah, if you go on my account is
the pin 1. 

910
00:54:11,360 --> 00:54:16,600
So what happened is, you know, 
cash shop now shows you a map of

911
00:54:16,600 --> 00:54:19,160
merchants that accept Bitcoin 
through Square. 

912
00:54:19,520 --> 00:54:24,120
Cuz now if you have Square, you 
can just click a button on your 

913
00:54:24,120 --> 00:54:25,480
on your there you go. 
That's the tweet. 

914
00:54:26,200 --> 00:54:29,640
So if you have Square, you can 
just accept Bitcoin with one 

915
00:54:29,640 --> 00:54:34,080
click, which is amazing, and you
can convert to Fiat. 

916
00:54:34,080 --> 00:54:35,920
You can keep the Bitcoin or 
whatever you like. 

917
00:54:36,320 --> 00:54:42,200
So on Cloud Orange we have a 
merchant section and so I'm 

918
00:54:42,200 --> 00:54:45,560
like, let's go and find out 
these merchants around delay, 

919
00:54:45,760 --> 00:54:48,800
let's drive around. 
You know, I got a friend on Club

920
00:54:48,800 --> 00:54:50,120
Orange. 
Let's just go drive around and 

921
00:54:50,120 --> 00:54:52,600
talk to this merchant, right? 
And sign them up on Club Orange 

922
00:54:52,600 --> 00:54:55,280
so they can find local big 
corners they can go and spend. 

923
00:54:55,720 --> 00:54:59,080
Anyway, somebody told me, I went
to a meet up a couple of weeks 

924
00:54:59,120 --> 00:55:04,280
ago and somebody told me that 
this pizza guy that does 70% 

925
00:55:04,480 --> 00:55:07,880
discount if you're paying 
Bitcoin, I'm like 7 zero. 

926
00:55:08,040 --> 00:55:10,760
Yeah, yeah, 70. 
I'm like, OK, we got to meet 

927
00:55:10,760 --> 00:55:13,880
this guy. 
So I drove, it's across town, 

928
00:55:14,160 --> 00:55:16,640
which in LA is kind of like it 
takes 3 hours, right? 

929
00:55:17,320 --> 00:55:19,720
I went to this place, the guy's 
not there. 

930
00:55:20,160 --> 00:55:22,520
The manager has no idea how to 
take Bitcoin. 

931
00:55:22,520 --> 00:55:25,520
I'm like, OK, great. 
That's why I give 70% discount 

932
00:55:25,520 --> 00:55:30,160
because nobody can pay Bitcoin. 
So, you know, so I left the 

933
00:55:30,160 --> 00:55:33,600
voicemail, I, I left the 
business card. 

934
00:55:33,600 --> 00:55:35,640
So I just say, hey, you know, 
whenever you see your balls, 

935
00:55:35,640 --> 00:55:38,240
just give it, give them this 
business card. 

936
00:55:38,240 --> 00:55:41,200
Anyway, we went back home, you 
know, and then, and then the 

937
00:55:41,200 --> 00:55:45,480
next day I wake up, you know, I 
checked my sign up and there is 

938
00:55:45,720 --> 00:55:48,320
pizza Man, which is the name of 
the, the pizzeria. 

939
00:55:49,440 --> 00:55:54,040
He got the founder membership, 
which is $500, which is the most

940
00:55:54,040 --> 00:55:58,080
expensive membership we have. 
And then somebody told me, Hey, 

941
00:55:58,800 --> 00:56:01,240
did you meet the guy? 
It's it's there's a section. 

942
00:56:01,240 --> 00:56:04,400
About Club Orange on his WI say 
I never spoke to the guy. 

943
00:56:04,960 --> 00:56:08,960
But this guy just, you know, got
the got the the founder merchant

944
00:56:09,320 --> 00:56:13,040
A membership and then he put a 
whole section about Club Orange 

945
00:56:13,960 --> 00:56:16,800
on his website when it goes to 
pay with Bitcoin. 

946
00:56:16,800 --> 00:56:20,560
And I'm like incredible, right? 
I mean, this is really how 

947
00:56:20,960 --> 00:56:25,720
Bitcoin is like the grass root, 
like knocking on doors, getting 

948
00:56:25,720 --> 00:56:29,680
people to accept Bitcoin. 
So anyway, so we met the guy I 

949
00:56:29,680 --> 00:56:34,560
think, yeah, 2 days ago, super 
young guy, super very cool guy. 

950
00:56:34,560 --> 00:56:37,280
And it's like, yeah, I'm doing 
the boxes. 

951
00:56:37,280 --> 00:56:40,240
So now this guy's gonna the 
boxes for the pizza. 

952
00:56:40,720 --> 00:56:43,120
That's deliveries. 
It's gonna put Bitcoin 

953
00:56:43,120 --> 00:56:45,920
everywhere, the boxes, the QR 
code, it's like all in a 

954
00:56:45,920 --> 00:56:49,960
Bitcoin. 
And so that's the reality on the

955
00:56:49,960 --> 00:56:53,880
ground right now. 
The price, it doesn't tell you 

956
00:56:53,880 --> 00:56:57,320
that there is a pizza guy that 
gives 70% discount if you're 

957
00:56:57,320 --> 00:57:00,040
paying Bitcoin and it's gonna 
put the Bitcoin log on all the 

958
00:57:00,040 --> 00:57:02,400
pizza boxes, right? 
You don't see that on the price.

959
00:57:03,120 --> 00:57:09,440
So it's a long you need to lower
your preference, opt. 

960
00:57:09,680 --> 00:57:14,080
That's my advice. 
Lower your preference, but we're

961
00:57:14,080 --> 00:57:16,880
gonna get there. 
OK, all right. 

962
00:57:17,040 --> 00:57:20,960
You know, I I feel like I get 
yelled at by Mateo every time 

963
00:57:20,960 --> 00:57:25,400
you come on the show. 
It's either check my DMS on Club

964
00:57:25,400 --> 00:57:28,960
Orange or I guess now it's lower
my time preference. 

965
00:57:28,960 --> 00:57:32,800
OK, I heard you, Mateo. 
You know, I don't meet up with 

966
00:57:32,880 --> 00:57:36,800
as many new Bitcoiners as you. 
I I meet up with the same 

967
00:57:36,800 --> 00:57:39,240
Bitcoiners and we just complain 
about the same things 

968
00:57:39,240 --> 00:57:41,960
constantly. 
So maybe I need to go meet up 

969
00:57:41,960 --> 00:57:44,360
with new Bitcoiners. 
I'm like, I like my Bitcoin 

970
00:57:44,360 --> 00:57:45,720
friends. 
They're nice and. 

971
00:57:46,320 --> 00:57:48,440
Yeah, yeah, yeah, yeah. 
Well, there's always you're on. 

972
00:57:48,560 --> 00:57:51,440
The you're on the other side. 
You know, there's always new big

973
00:57:51,440 --> 00:57:56,080
corners means true every block, 
every block there's a new big 

974
00:57:56,080 --> 00:58:01,440
corner minted right. 
So I but you know, that's it's 

975
00:58:01,600 --> 00:58:05,120
if you have big con friends, 
it's good to get, you know, 

976
00:58:05,120 --> 00:58:08,520
especially during these, you 
know, these crashes 50% down. 

977
00:58:08,520 --> 00:58:12,240
It's good to get conviction from
from your big con rose. 

978
00:58:13,320 --> 00:58:17,560
So I'm glad you're doing that. 
Yeah, I'm sorry. 

979
00:58:17,560 --> 00:58:21,800
I'm I'm seeing I'm like, wait, 
someone's messaging me on orange

980
00:58:21,800 --> 00:58:23,840
pill app or sorry, sorry, club 
orange. 

981
00:58:24,200 --> 00:58:26,120
I dude, I still have it in my 
head. 

982
00:58:26,120 --> 00:58:27,960
I'm like someone just messaged 
me on club orange. 

983
00:58:27,960 --> 00:58:29,920
What what's going on? 
Like, don't they know I'm on the

984
00:58:29,920 --> 00:58:32,680
show and they're like my tails 
up next let's go. 

985
00:58:32,960 --> 00:58:39,960
So yeah, but I I do want to talk
about the the lightning just in.

986
00:58:39,960 --> 00:58:42,320
General one of one of my really 
good friends. 

987
00:58:42,320 --> 00:58:46,400
Justifer, he's at Ambos. 
I I really want to just give him

988
00:58:46,400 --> 00:58:50,320
a shout out and applause for 
what he's been building and I 

989
00:58:50,320 --> 00:58:52,840
know the lightning network 
doesn't get as much coverage 

990
00:58:52,840 --> 00:58:57,240
here on the show, but it, it 
really is truly incredible what 

991
00:58:57,240 --> 00:58:59,280
is happening on lightning right 
now. 

992
00:58:59,360 --> 00:59:05,400
It it's really becoming like the
de facto layer 2 for Bitcoin and

993
00:59:05,400 --> 00:59:08,240
it's moving a lot of money. 
I know you for you guys that 

994
00:59:08,240 --> 00:59:11,720
watch every day. 
I did cover the, what was it? 

995
00:59:11,720 --> 00:59:15,200
The million dollar single 
lightning transaction that just 

996
00:59:15,200 --> 00:59:19,280
happened like that was huge. 
And I, I keep seeing Jessifer, 

997
00:59:19,280 --> 00:59:22,080
my boy Jessifer. 
Actually, he docks himself. 

998
00:59:22,080 --> 00:59:24,960
It's Jesse. 
I think his last name is 

999
00:59:24,960 --> 00:59:27,040
Schroeder. 
I know him as Jessifer forever. 

1000
00:59:27,440 --> 00:59:31,640
The the CEO of Ambos and the 
charts and numbers he's showing,

1001
00:59:31,640 --> 00:59:35,200
he's like, guys, you guys are 
really underestimating where 

1002
00:59:35,200 --> 00:59:39,240
Lightning is and the amount of 
adoption and use through 

1003
00:59:39,240 --> 00:59:41,600
Lightning. 
He's like, it's here, it's 

1004
00:59:41,600 --> 00:59:43,960
finally here. 
And I guess it goes back to what

1005
00:59:43,960 --> 00:59:45,920
you said, Mateo. 
You know, I think it's Bitcoin 

1006
00:59:45,920 --> 00:59:48,720
as we do get caught up because 
we're so obsessed with Bitcoin 

1007
00:59:48,720 --> 00:59:51,840
day in and day out. 
That was like, oh, you know, 

1008
00:59:51,840 --> 00:59:55,960
zooming back, I, I remember a 
lot of contention, a lot of 

1009
00:59:55,960 --> 00:59:58,280
rumors and speculations like, 
oh, Lightning's not going to 

1010
00:59:58,280 --> 00:59:59,600
work. 
It's dead, bro. 

1011
00:59:59,840 --> 01:00:01,720
Like why is no one using 
lightning? 

1012
01:00:02,120 --> 01:00:05,480
And here we are a couple years 
later and it's it's. 

1013
01:00:05,840 --> 01:00:07,920
Almost working exactly as design
guys. 

1014
01:00:07,920 --> 01:00:11,000
It's almost like Bitcoin works 
exactly as designed. 

1015
01:00:12,280 --> 01:00:14,840
I can tell you a funny story 
about the Lighting Network if 

1016
01:00:14,840 --> 01:00:16,360
you want, Yeah. 
Yeah, go for it. 

1017
01:00:17,840 --> 01:00:21,600
Before we had the wallets, you 
know, and I didn't really 

1018
01:00:21,600 --> 01:00:24,600
understand the lighting network 
that well when I, when I 

1019
01:00:24,600 --> 01:00:28,440
launched Club Orange, which is 
back in 2020 anyway. 

1020
01:00:28,440 --> 01:00:30,680
So I got a guy on Club Orange 
that says, oh, you know, we 

1021
01:00:30,680 --> 01:00:35,000
should test the, we should test 
the Latin neck and see how many 

1022
01:00:35,000 --> 01:00:38,120
sats you can send. 
And so I'm like, OK, let me send

1023
01:00:38,120 --> 01:00:40,320
you a million SAS. 
You send it back this. 

1024
01:00:40,320 --> 01:00:43,840
And so eventually we end up 
doing like a 20 million SAT 

1025
01:00:44,480 --> 01:00:47,640
transaction. 
I never met the guy. 

1026
01:00:47,640 --> 01:00:49,160
You know, he could have, you 
could have run away with the 

1027
01:00:49,160 --> 01:00:51,520
SAT. 
So obviously send it back and, 

1028
01:00:51,840 --> 01:00:54,680
and then and then, you know, 
then I go into like send the 

1029
01:00:54,680 --> 01:00:57,280
Latin neck and it's like, you 
know, if you have a channel with

1030
01:00:57,280 --> 01:01:02,680
somebody with like 10 bitcoins, 
you can send 10 bitcoins, which 

1031
01:01:02,680 --> 01:01:06,800
is what 1 billion sets back and 
forth, back and forth, you know,

1032
01:01:06,800 --> 01:01:09,560
infinite amount of time, no fees
by the way. 

1033
01:01:10,120 --> 01:01:13,680
And so, yeah, I mean, the 
1,000,000 transaction on 

1034
01:01:13,680 --> 01:01:16,960
lighting, it's, it's great. 
It's like what, 10 Bitcoin? 

1035
01:01:16,960 --> 01:01:19,880
Like 12 bitcoins now? 
You could do. 

1036
01:01:21,320 --> 01:01:23,520
You could do. 
AI think you could do a billion 

1037
01:01:23,520 --> 01:01:26,320
transaction on lighting as long 
as you have the channel with 

1038
01:01:26,320 --> 01:01:29,160
like, you know, 1000 bitcoins, 
whatever the number might be. 

1039
01:01:29,160 --> 01:01:33,720
Now there is really no limit 
because then I ask, you know, 

1040
01:01:33,720 --> 01:01:36,440
people like Jesse and other 
people that you know, they're 

1041
01:01:36,440 --> 01:01:39,800
like deep down and be in on the 
lines like, is that actually a 

1042
01:01:39,800 --> 01:01:42,320
limit? 
Of a biggest channel and they 

1043
01:01:42,320 --> 01:01:46,560
say technically there is no 
limit so you could do. 

1044
01:01:46,560 --> 01:01:50,520
A $1 billion transaction on the 
lighting? 

1045
01:01:50,560 --> 01:01:55,000
I think we need to ask. 
Sailor to do that. 

1046
01:01:55,720 --> 01:01:57,520
To see if it works like I'm 
sure. 

1047
01:01:58,320 --> 01:01:59,160
I'm. 
Sure, he has a. 

1048
01:01:59,960 --> 01:02:02,360
He has a square thousand big. 
Yeah, I'm sure he's got a 

1049
01:02:02,360 --> 01:02:04,160
billion sitting around that You 
can. 

1050
01:02:04,160 --> 01:02:06,960
He can totally just do that. 
Yeah, exactly. 

1051
01:02:07,960 --> 01:02:11,000
But yeah, I mean the lighting, 
it's, it's, I mean, I remember 

1052
01:02:11,000 --> 01:02:14,200
when I got into, you know, when 
I was, I was here when the 

1053
01:02:14,200 --> 01:02:19,320
lighting goes starting in 2018 
and it was like 50% of the 

1054
01:02:19,320 --> 01:02:21,200
transactions would not go 
through. 

1055
01:02:21,760 --> 01:02:26,040
They said they would fail. 
And now it's like, I can't even 

1056
01:02:26,040 --> 01:02:28,680
remember last time I got A and I
do, you know, we do a lot of 

1057
01:02:28,680 --> 01:02:30,920
transactions. 
You know, we get, you can buy 

1058
01:02:30,920 --> 01:02:34,680
membership online thing through 
Club Orange, you know, and we 

1059
01:02:34,680 --> 01:02:36,760
use, you know, different 
providers. 

1060
01:02:36,760 --> 01:02:39,880
But nobody is going to say, oh, 
I sent this out. 

1061
01:02:39,880 --> 01:02:43,440
So, you know, and they haven't 
got that in many, many years. 

1062
01:02:43,960 --> 01:02:45,240
Yeah. 
I mean, the lighting works, man.

1063
01:02:45,240 --> 01:02:47,880
I don't know why people keep 
saying the lighting doesn't work

1064
01:02:47,880 --> 01:02:51,120
or they say the lighting is not 
Bitcoin. 

1065
01:02:51,360 --> 01:02:54,400
I see those tweets sometimes. 
I don't know what's wrong with 

1066
01:02:54,400 --> 01:02:59,080
these people. 
Lighting is Bitcoin obviously 

1067
01:02:59,080 --> 01:03:02,480
and lighting works. 
It's gonna it's only gonna get 

1068
01:03:02,480 --> 01:03:05,880
bigger and better. 
And and that's where I mean 

1069
01:03:05,880 --> 01:03:09,800
again, that's where most of the 
activity of Bitcoin is gonna be 

1070
01:03:09,960 --> 01:03:12,560
long term. 
And then you have on chain for 

1071
01:03:12,560 --> 01:03:15,280
like, OK, you know, I need to 
send $10 million, right? 

1072
01:03:16,080 --> 01:03:19,400
I need to buy grocery in 100 
years and you know, I need to 

1073
01:03:19,400 --> 01:03:22,480
buy, I need $1,000,000 of 
lighting of Bitcoin. 

1074
01:03:22,480 --> 01:03:25,000
So. 
But yeah, it's lightning. 

1075
01:03:25,000 --> 01:03:28,240
Works, man. 
Let's go the take away. 

1076
01:03:28,240 --> 01:03:30,680
Lightning works all. 
Right, let me do the last. 

1077
01:03:30,680 --> 01:03:33,320
Commercial and then we'll just 
chop it up about Club Orange, 

1078
01:03:33,320 --> 01:03:36,320
what you've been doing lately. 
Here we go guys. 

1079
01:03:36,320 --> 01:03:38,400
This is a quick one, so we'll be
right back. 

1080
01:03:39,680 --> 01:03:42,400
I want to give a shout out to 
our partner Hive Digital 

1081
01:03:42,400 --> 01:03:45,680
Technologies. 
Fueled by clean energy, Hive has

1082
01:03:45,680 --> 01:03:49,760
quadrupled its global Bitcoin 
mining footprint and channels 

1083
01:03:49,880 --> 01:03:53,400
that same scale into high 
performance compute, where their

1084
01:03:53,560 --> 01:03:57,880
AI cloud is now ranked number 
one in the world for network 

1085
01:03:57,880 --> 01:04:00,480
performance. 
At Hive, you've got dual 

1086
01:04:00,480 --> 01:04:05,000
engines, Bitcoin and AI humming,
roaring, accelerating and 

1087
01:04:05,000 --> 01:04:06,840
unison. 
They're lean and mean, they're 

1088
01:04:06,840 --> 01:04:10,000
green and clean, and they're 
rewriting the playbook on 

1089
01:04:10,000 --> 01:04:12,200
sustainable digital 
infrastructure. 

1090
01:04:12,240 --> 01:04:16,200
You can catch the latest buzz at
Hive Digital Tech or at Hive 

1091
01:04:16,200 --> 01:04:25,280
digitaltech.com. 
All right, Mateo, actually, I, I

1092
01:04:25,280 --> 01:04:28,920
do, I do want to talk about this
message that I just got by 

1093
01:04:28,920 --> 01:04:31,080
Orange diet. 
I I literally thought it was 

1094
01:04:31,080 --> 01:04:35,480
going to be you messaging me and
being like Opti check your DMS 

1095
01:04:35,480 --> 01:04:39,040
like I, I, I checked them. 
Mateo. 

1096
01:04:39,040 --> 01:04:42,800
It's just, it's not every week. 
I I I've moved it, I've moved it

1097
01:04:42,800 --> 01:04:44,760
a little bit to probably like 
every month. 

1098
01:04:44,760 --> 01:04:47,040
So I I'm still doing my duties 
here. 

1099
01:04:47,360 --> 01:04:49,880
It's just there's a little, 
there's a little longer break. 

1100
01:04:49,880 --> 01:04:53,200
OK, I'm I'm still on it. 
But Mateo, I do want to talk 

1101
01:04:53,200 --> 01:04:57,120
about something else, which is 
about a lot of the meetups that 

1102
01:04:57,120 --> 01:05:01,320
that I've seen you post on your 
Twitter, of course, facilitated 

1103
01:05:01,320 --> 01:05:04,840
through Club Orange. 
And I'm not going to dox shocks 

1104
01:05:04,840 --> 01:05:09,640
the person, but one of our 
Twitter Zoomers did hang out 

1105
01:05:09,640 --> 01:05:12,800
with you recently. 
And we were all sitting there 

1106
01:05:12,800 --> 01:05:15,040
and we just saw, we looked at 
your Twitter account and you're 

1107
01:05:15,040 --> 01:05:17,200
like, ah, look at us. 
We're, you know, we're at a meet

1108
01:05:17,200 --> 01:05:19,760
up. 
And we all like looking in our 

1109
01:05:19,760 --> 01:05:21,760
in our slack. 
We're like, yo, is that? 

1110
01:05:21,760 --> 01:05:23,160
Is that who we? 
Think it is. 

1111
01:05:23,520 --> 01:05:25,120
I'll tell you, I'll tell you off
the show. 

1112
01:05:26,080 --> 01:05:28,640
But anyways, let's just talk 
about Club Orange. 

1113
01:05:28,920 --> 01:05:30,600
I know it's working. 
I know. 

1114
01:05:31,320 --> 01:05:33,840
OK, OK. 
He's a cool. 

1115
01:05:33,840 --> 01:05:39,480
Guy, he's, he's been helping us 
for a long time in, you know, 

1116
01:05:39,480 --> 01:05:43,080
like design things. 
And yeah, it's a great guy, 

1117
01:05:43,560 --> 01:05:47,000
great young guy. 
Yeah, yeah, yeah, we, we love 

1118
01:05:47,000 --> 01:05:49,200
the kid. 
He's he's really, he's really 

1119
01:05:49,200 --> 01:05:54,000
been, he's really been a, a 
hidden gem for us. 

1120
01:05:54,000 --> 01:05:55,880
So we're we're super hyped for 
him too. 

1121
01:05:55,880 --> 01:05:58,120
I've joined the team. 
But anyways. 

1122
01:05:59,160 --> 01:06:01,520
Mateo, it's been a minute, dude.
You know, you always send me 

1123
01:06:01,520 --> 01:06:04,040
Brian and I love Brian. 
Brian, if you're listening, you 

1124
01:06:04,040 --> 01:06:06,360
know I love you, bro. 
I I love the energy. 

1125
01:06:06,360 --> 01:06:07,880
Me and him chop it up all the 
time. 

1126
01:06:08,280 --> 01:06:10,320
But it's been a minute, Mateo. 
So what? 

1127
01:06:10,320 --> 01:06:11,800
What have you been doing, man? 
What? 

1128
01:06:11,800 --> 01:06:13,960
What's what's new over there at 
Club Orange? 

1129
01:06:14,760 --> 01:06:17,400
Well, the name just to start, 
you know. 

1130
01:06:18,440 --> 01:06:19,200
Yeah. 
Can we talk? 

1131
01:06:19,200 --> 01:06:21,600
About that, what's with the 
rebrand bro? 

1132
01:06:22,120 --> 01:06:24,800
Yeah, so. 
So here's what happened. 

1133
01:06:27,520 --> 01:06:32,360
The number one reason why I've 
changed the name is because my 

1134
01:06:32,360 --> 01:06:37,520
wife told me that she came out 
with the name forever. 

1135
01:06:37,640 --> 01:06:39,600
And I'm like, this is not true. 
You didn't come out with the 

1136
01:06:39,600 --> 01:06:41,480
name. 
I'm like, you know what? 

1137
01:06:41,480 --> 01:06:45,080
I'm gonna change the name. 
No, I'm just, I'm just kidding. 

1138
01:06:45,080 --> 01:06:49,600
No, it's true that it's true 
that she she claimed to be the 

1139
01:06:49,600 --> 01:06:51,480
creator of Orange Flop, the 
name. 

1140
01:06:52,080 --> 01:06:54,160
But that's not really the number
one reason. 

1141
01:06:54,160 --> 01:06:58,440
Maybe the number two reason? 
The number one reason why we 

1142
01:06:58,440 --> 01:07:03,000
changed the name is because, you
know, you know, there's a couple

1143
01:07:03,000 --> 01:07:11,000
of reason, but the, I guess the,
the problem was that the name 

1144
01:07:11,000 --> 01:07:16,320
was getting misspelled in ways 
that it's hard to believe, but 

1145
01:07:16,320 --> 01:07:20,840
literally like I was one day I 
was in, I went to an accountant,

1146
01:07:21,480 --> 01:07:23,680
You know, I'm Italian. 
Maybe my English is not good. 

1147
01:07:23,680 --> 01:07:26,640
I don't know. 
The guy is like native English, 

1148
01:07:26,640 --> 01:07:29,320
right speaker. 
And I say, OK, what's the name 

1149
01:07:29,320 --> 01:07:33,040
of the company? 
Orange peel up And he wrote and 

1150
01:07:33,040 --> 01:07:36,080
like this guy's in front of me, 
right Orange. 

1151
01:07:36,120 --> 01:07:39,240
Obviously you can't misspell 
orange, which is why we kept it.

1152
01:07:40,480 --> 01:07:51,080
Peel was TILL like a farmer and 
then up, up, like up. 

1153
01:07:51,240 --> 01:07:52,840
And I'm like, are you? 
Kidding me? 

1154
01:07:52,880 --> 01:07:56,480
Show up is crazy. 
And it's like, and it's like, 

1155
01:07:57,240 --> 01:08:01,200
this was the most egregious 
misspelling, but people would 

1156
01:08:01,200 --> 01:08:06,040
misspell it. 
Orange peeled like PILLED orange

1157
01:08:06,040 --> 01:08:09,200
peel, like you're peeling the 
orange. 

1158
01:08:10,280 --> 01:08:14,120
And so you know, it's hard. 
So it's hard enough to get 

1159
01:08:14,120 --> 01:08:18,319
people to download an app and if
you have to tell them, hey, you 

1160
01:08:18,319 --> 01:08:21,200
wrote the name wrong, like 
writing again, it's gets even 

1161
01:08:21,200 --> 01:08:23,200
harder. 
And then there was like, you 

1162
01:08:23,200 --> 01:08:28,120
know, 3 words, 3 words 
companies, you know, products. 

1163
01:08:28,120 --> 01:08:31,760
They're not, there's no 
successful company that has 

1164
01:08:31,760 --> 01:08:35,880
three words. 
It's always like one word or 

1165
01:08:35,880 --> 01:08:39,680
maybe 2-3 words is really like, 
I couldn't find any. 

1166
01:08:41,120 --> 01:08:48,319
And then the last reason was the
word peel for those that spell 

1167
01:08:48,319 --> 01:08:53,160
it right, PILL, it was a turn, 
you know, it was a turn down 

1168
01:08:53,160 --> 01:08:55,000
for, you know, a certain kind of
people. 

1169
01:08:55,000 --> 01:08:57,479
You know, they didn't like the 
word peel. 

1170
01:08:57,479 --> 01:08:59,560
You know, it sounded like a 
pharmacy, right? 

1171
01:09:01,359 --> 01:09:04,080
And then, you know, so we said 
let's see if we can find a 

1172
01:09:04,080 --> 01:09:06,359
better name. 
So we started like bouncing 

1173
01:09:06,359 --> 01:09:10,240
around the DS I think the most. 
Clever idea that somebody gave 

1174
01:09:10,240 --> 01:09:15,479
me was. 
Keeping, by the way, the other 

1175
01:09:15,479 --> 01:09:20,520
thing was like, the name was so 
long that people would say OPA, 

1176
01:09:20,680 --> 01:09:22,880
OPA, right? 
They would abbreviate it. 

1177
01:09:23,000 --> 01:09:25,800
Yeah. 
Which obviously is kind of cool.

1178
01:09:25,800 --> 01:09:28,479
But if you go on Google, if you 
go on the App Store and you type

1179
01:09:28,520 --> 01:09:30,520
OPA, you're never going to find 
this. 

1180
01:09:31,800 --> 01:09:35,160
So when people abbreviate your 
name, it's usually not a good 

1181
01:09:35,160 --> 01:09:39,600
sign. 
So somebody gave us this great 

1182
01:09:39,600 --> 01:09:41,399
idea was like, OK, how about 
this? 

1183
01:09:42,040 --> 01:09:45,720
How about we call it orange 
people up. 

1184
01:09:46,240 --> 01:09:49,319
So he stays OPA, but he get rid 
of peel. 

1185
01:09:50,240 --> 01:09:52,279
That was very clever. 
But you know, eventually we 

1186
01:09:52,279 --> 01:09:57,000
landed on club orange, which is,
you know, shorter. 

1187
01:09:57,320 --> 01:10:02,080
You can misspell a club orange. 
It it it keeps the name. 

1188
01:10:02,080 --> 01:10:04,440
It keeps the orange, which is, 
you know, which is kind of 

1189
01:10:04,440 --> 01:10:06,800
Bitcoin or like we love the 
color orange. 

1190
01:10:07,480 --> 01:10:10,920
There's some continuity from 
Orange pull up to Club Orange. 

1191
01:10:11,800 --> 01:10:15,040
So anyway, so we rebranded in 
November and then I found out 

1192
01:10:15,040 --> 01:10:18,960
there is a company in Ireland 
that does a soda called Club 

1193
01:10:18,960 --> 01:10:20,240
Orange. 
So that's great. 

1194
01:10:22,920 --> 01:10:25,280
So, but if you go in the App 
Store, if you type Club Orange, 

1195
01:10:25,400 --> 01:10:27,560
they don't have an app for the 
drink. 

1196
01:10:28,560 --> 01:10:31,760
So that's the reason why we 
brand it. 

1197
01:10:31,760 --> 01:10:33,280
I think it's I mean it is a 
better name. 

1198
01:10:34,480 --> 01:10:38,240
Like, you know, like if if the 
original name was club Orange, 

1199
01:10:38,240 --> 01:10:41,480
would nobody would ever say, 
well, you should change it to 

1200
01:10:41,480 --> 01:10:44,200
Orange pull out, you know, like 
that's how you know you got a 

1201
01:10:44,200 --> 01:10:49,200
better name. 
So new name, same mission, of 

1202
01:10:49,200 --> 01:10:51,360
course, you know, like 
connecting big corners. 

1203
01:10:51,440 --> 01:10:55,200
You know, you can find the vans,
you can find merchants, you can 

1204
01:10:55,200 --> 01:10:59,200
find your wife. 
Somebody, I mean some, I don't 

1205
01:10:59,200 --> 01:11:02,120
know if you know this, but 
somebody did find the wife and 

1206
01:11:02,120 --> 01:11:06,480
then get this. 
They had a kid and they call it 

1207
01:11:06,480 --> 01:11:08,800
Mateo. 
That's crazy. 

1208
01:11:10,120 --> 01:11:12,640
That is wild. 
They should have called it 

1209
01:11:12,640 --> 01:11:16,800
orange peel. 
OPA. 

1210
01:11:17,080 --> 01:11:18,760
Not OPA. 
OPA OPA. 

1211
01:11:18,760 --> 01:11:21,000
Yeah, yeah, exactly. 
That's right. 

1212
01:11:21,040 --> 01:11:24,960
You know they mean by like Dad, 
why is my name you know their 

1213
01:11:24,960 --> 01:11:31,240
name? 
Well, Mateo, I know, I know 

1214
01:11:31,480 --> 01:11:35,080
every time you've come on the 
show for, for years now at this 

1215
01:11:35,080 --> 01:11:38,840
point, I would always tease you 
about it being you should just, 

1216
01:11:38,840 --> 01:11:40,400
it should just be a dating app, 
bro. 

1217
01:11:40,400 --> 01:11:43,000
Like, come on. 
And we would joke Everything's a

1218
01:11:43,000 --> 01:11:44,880
dating app if you're using it 
correctly. 

1219
01:11:44,880 --> 01:11:48,360
So it shouts out to those two 
people 'cause they use the app 

1220
01:11:48,360 --> 01:11:50,360
correctly. 
And now I know you, you don't 

1221
01:11:50,360 --> 01:11:53,560
like that. 
But hey, everything's a dating 

1222
01:11:53,560 --> 01:11:56,360
app if you use it correctly. 
So Club Orange. 

1223
01:11:57,880 --> 01:12:01,000
Well. 
Honestly, look, hey hey, still 

1224
01:12:01,000 --> 01:12:03,240
occasionally go to the. 
Club, you know, you, you want to

1225
01:12:03,240 --> 01:12:05,800
find your mate at the club. 
So it should be a it should be 

1226
01:12:05,800 --> 01:12:08,760
part of the branding. 
Maybe not your mate, maybe just 

1227
01:12:08,760 --> 01:12:11,040
like a night. 
But hey, do you know people do 

1228
01:12:11,040 --> 01:12:15,360
what they want to do? 
The the right you know the right

1229
01:12:15,360 --> 01:12:18,600
thing is not everything is that 
is a dating app if you use it 

1230
01:12:18,600 --> 01:12:20,920
correctly. 
The Right Thing Everything is 

1231
01:12:20,920 --> 01:12:23,160
Dating is a dating app if you're
good looking. 

1232
01:12:23,960 --> 01:12:25,960
Hey, bars, that's true. 
That's true. 

1233
01:12:25,960 --> 01:12:30,880
So. 
Which unfortunately cuts you 

1234
01:12:30,880 --> 01:12:35,360
off. 
Damn, that's true. 

1235
01:12:36,360 --> 01:12:38,040
That's why these, that's why all
these apps. 

1236
01:12:38,040 --> 01:12:40,720
Aren't working for me. 
What's up with your girlfriend, 

1237
01:12:40,920 --> 01:12:44,880
Christine? 
Ah, dude, she's no, she's lost a

1238
01:12:44,880 --> 01:12:47,120
plot. 
I think she's taking this break 

1239
01:12:47,120 --> 01:12:50,800
up really bad because they keep 
fighting Bitcoin. 

1240
01:12:50,800 --> 01:12:53,400
They keep trying to usher in the
CBDC. 

1241
01:12:54,080 --> 01:12:57,160
You know they're not. 
Really doing a lot of good. 

1242
01:12:57,160 --> 01:13:01,440
Stuff over there they're yeah, 
they're, they're cooked. 

1243
01:13:01,440 --> 01:13:03,080
She's she's taking it really 
rough. 

1244
01:13:03,320 --> 01:13:05,080
They're. 
You need to save her. 

1245
01:13:05,400 --> 01:13:07,520
You need to just. 
You know, The thing is is I 

1246
01:13:07,520 --> 01:13:11,560
tried. 
I tried and didn't work out. 

1247
01:13:11,560 --> 01:13:13,880
I didn't even get a scarf out of
the relationship. 

1248
01:13:13,880 --> 01:13:16,840
So like, I don't know what I was
doing, OK? 

1249
01:13:16,840 --> 01:13:22,040
I was just, you know, I was 
blinded by it, was bonded by the

1250
01:13:22,040 --> 01:13:26,800
silver fox. 
Niko would kill me. 

1251
01:13:26,800 --> 01:13:28,480
Niko would kill me. 
He's like, yeah, OK, what's it 

1252
01:13:28,480 --> 01:13:28,960
going on? 
OK. 

1253
01:13:29,000 --> 01:13:31,480
Anyways, anyways. 
Mateo, what? 

1254
01:13:31,480 --> 01:13:33,640
What actually? 
Can you tease anything you got 

1255
01:13:33,640 --> 01:13:35,920
anything in the books like any 
anything coming down the 

1256
01:13:35,920 --> 01:13:38,080
pipeline? 
Yeah, Yeah. 

1257
01:13:38,080 --> 01:13:40,880
Actually we have a huge thing 
coming down the pipeline. 

1258
01:13:42,680 --> 01:13:47,680
So the wallet, the wallet that 
we launched last year has done 4

1259
01:13:47,680 --> 01:13:52,040
million transactions, like 
literally 97% of those 

1260
01:13:52,040 --> 01:13:57,040
translation is geozapping, which
essentially is a zapping people 

1261
01:13:57,040 --> 01:14:00,520
based on the location, you know,
because we have, you know, we 

1262
01:14:00,520 --> 01:14:02,360
have the approximate location of
the user. 

1263
01:14:02,360 --> 01:14:07,320
So you can go on the wallet and 
type, you know, and type Iran 

1264
01:14:07,320 --> 01:14:12,040
and there will be nobody, but 
you know, you can type like 

1265
01:14:12,040 --> 01:14:16,360
Miami or you can type a city, a 
country, a continent. 

1266
01:14:16,360 --> 01:14:20,760
You can even type a distance 
ends up people, you know, based 

1267
01:14:20,760 --> 01:14:23,040
on the distance to you or the 
location. 

1268
01:14:23,040 --> 01:14:27,760
So anyway, we launched the 
wallet and you know, it's 

1269
01:14:27,760 --> 01:14:32,520
custodial. 
It's a custodial wallet, which 

1270
01:14:32,520 --> 01:14:35,400
has some advantages and some 
disadvantages. 

1271
01:14:35,400 --> 01:14:41,840
But I was in El Salvador in 
January for the Plum B. 

1272
01:14:41,840 --> 01:14:43,520
Were you guys there? 
I think Nico was there. 

1273
01:14:43,520 --> 01:14:45,440
Nico was there. 
Yeah, Nico popped in for a 

1274
01:14:45,440 --> 01:14:48,440
little bit. 
I, I don't leave the basement 

1275
01:14:48,440 --> 01:14:50,000
here, bro. 
I I can't leave the studio. 

1276
01:14:50,000 --> 01:14:52,400
I literally sleep on the other 
side of the camera now. 

1277
01:14:52,400 --> 01:14:53,800
Perfect. 
But I love it. 

1278
01:14:54,080 --> 01:14:54,920
You should do it. 
You should. 

1279
01:14:54,920 --> 01:14:57,160
You should do a 24/7 live stream
of all. 

1280
01:14:57,160 --> 01:15:00,280
Dude I could I you, you really 
want me to lose my mind? 

1281
01:15:00,280 --> 01:15:03,680
Dude I I can barely do this one.
I'm already losing my mind the 

1282
01:15:03,680 --> 01:15:06,280
24 hours. 
Live of OPS. 

1283
01:15:06,560 --> 01:15:09,040
I'd never come back. 
I would watch it. 

1284
01:15:11,120 --> 01:15:16,480
So anyway, so I was in El 
Salvador and I met Roy from 

1285
01:15:16,480 --> 01:15:19,880
Breeze. 
Great guy and he told me about 

1286
01:15:19,880 --> 01:15:23,080
this thing called Spark. 
I don't know if you heard about 

1287
01:15:23,120 --> 01:15:24,000
it last. 
Spark. 

1288
01:15:24,000 --> 01:15:26,480
Yeah, yeah, yeah. 
That's David Marcus, right? 

1289
01:15:26,480 --> 01:15:27,320
That's David. 
Marcus's. 

1290
01:15:27,360 --> 01:15:28,840
Company, yeah. 
Yeah, yeah, yeah. 

1291
01:15:28,840 --> 01:15:31,880
So they build this thing. 
It's kind of like a side chain 

1292
01:15:33,160 --> 01:15:38,000
where you can use lighting and 
you can give wallet to people 

1293
01:15:38,280 --> 01:15:41,920
without being custodial. 
And I'm not. 

1294
01:15:41,920 --> 01:15:43,760
Gonna go into the details 
because I don't even know this 

1295
01:15:43,760 --> 01:15:48,000
is myself but my developers do 
and I met but they. 

1296
01:15:48,040 --> 01:15:50,080
Tell me it's a good idea. 
They tell me it's a good. 

1297
01:15:50,160 --> 01:15:52,680
Idea, right? 
It's like, OK, yeah, we can make

1298
01:15:52,680 --> 01:15:55,120
that work. 
No, I went actually, you know, 

1299
01:15:55,120 --> 01:15:57,960
Last Park is in LA. 
I'm in LA as well, so I went to 

1300
01:15:57,960 --> 01:16:02,840
meet them. 
A few weeks ago and so we 

1301
01:16:02,840 --> 01:16:07,120
actually today, literally before
I jump on this beautiful live 

1302
01:16:07,120 --> 01:16:11,720
stream with you Opti I we did 
our first non custodial 

1303
01:16:11,720 --> 01:16:14,600
transaction on club Orange 
today. 

1304
01:16:15,320 --> 01:16:19,160
And so in a couple of weeks 
we're gonna migrate our wallet 

1305
01:16:19,160 --> 01:16:23,920
from custodial to South 
custodial, which means yeah, 

1306
01:16:23,920 --> 01:16:25,440
yeah. 
Which means you're gonna be able

1307
01:16:25,440 --> 01:16:30,200
to download the wallet from Club
Orange and import it on like 

1308
01:16:30,200 --> 01:16:32,400
whether Satoshi or other 
wallets. 

1309
01:16:33,040 --> 01:16:38,320
And but the cool things is that 
there is no changes in the app. 

1310
01:16:38,320 --> 01:16:41,960
Like you can do ZAP and you can 
ZAP people, you can pay 

1311
01:16:41,960 --> 01:16:45,400
invoices. 
Nothing is gonna change from the

1312
01:16:45,400 --> 01:16:48,880
user perspective. 
But on the background, it's 

1313
01:16:48,880 --> 01:16:54,600
gonna be self custodial, which 
means it's better for us as a 

1314
01:16:54,600 --> 01:16:56,520
company. 
Obviously we don't wanna hold 

1315
01:16:56,520 --> 01:17:02,440
your funds and it's better for 
the user because obviously we're

1316
01:17:02,440 --> 01:17:05,720
never gonna rug our user even if
we could right now. 

1317
01:17:05,720 --> 01:17:08,680
But still, you know, it's better
that you don't, you don't even 

1318
01:17:08,680 --> 01:17:10,440
have that opportunity. 
Yeah. 

1319
01:17:10,440 --> 01:17:12,920
And so, yeah, so that's the 
biggest. 

1320
01:17:12,920 --> 01:17:14,520
So that's what we're working 
right now. 

1321
01:17:14,520 --> 01:17:18,480
We're gonna announce it some 
somewhat somewhere in April, 

1322
01:17:19,000 --> 01:17:24,440
maybe April 1st. 
So yeah, April Fool's Day. 

1323
01:17:24,440 --> 01:17:27,880
That's a good day. 
It's, well, we've been doing a 

1324
01:17:27,880 --> 01:17:29,480
lot of April Fool's Day in June,
I know. 

1325
01:17:31,280 --> 01:17:33,800
Forget a subset. 
Well, look, Mateo. 

1326
01:17:34,520 --> 01:17:36,280
You're going to. 
Officially announce it, but you 

1327
01:17:36,280 --> 01:17:39,040
kind of already officially 
announced it here on simply with

1328
01:17:39,040 --> 01:17:42,240
us so we I don't want to steal 
your your. 

1329
01:17:42,560 --> 01:17:45,040
Announcement, we'll call this 
the announcement of an 

1330
01:17:45,040 --> 01:17:47,240
announcement. 
You know, we, we could, we can 

1331
01:17:47,240 --> 01:17:50,800
lean into the trend of that 
being in the Bitcoin space. 

1332
01:17:50,800 --> 01:17:52,640
But I do have one quick question
here. 

1333
01:17:52,960 --> 01:17:54,760
You did say nothing's going to 
change. 

1334
01:17:54,760 --> 01:17:59,440
So from a user perspective, are 
they just going to have to like 

1335
01:17:59,440 --> 01:18:02,560
update their wallet and all 
their funds and everything's 

1336
01:18:02,560 --> 01:18:04,040
going to be there? 
They don't even have to do 

1337
01:18:04,040 --> 01:18:07,160
anything. 
It's it's it, man, it's so it's 

1338
01:18:07,160 --> 01:18:09,200
so amazing. 
So the way it's gonna work, 

1339
01:18:09,200 --> 01:18:11,200
right, let's get into the 
details. 

1340
01:18:11,280 --> 01:18:14,520
Let's let's put people to sleep 
because it's kind of time to 

1341
01:18:14,560 --> 01:18:17,440
sleep. 
Well anyway, no, the way it's 

1342
01:18:17,440 --> 01:18:20,760
gonna work, it's like 
technically, as far as I know. 

1343
01:18:22,840 --> 01:18:26,760
Well, it's basically when you 
you're gonna update the app, 

1344
01:18:26,800 --> 01:18:28,280
right? 
There's gonna be an update. 

1345
01:18:28,680 --> 01:18:32,960
You update the app, and then 
when you go to the wallet, we're

1346
01:18:32,960 --> 01:18:35,680
gonna automatically create a 
wallet for you. 

1347
01:18:36,600 --> 01:18:41,200
But the seed phrase of the 
wallet is gonna only stay in the

1348
01:18:41,200 --> 01:18:44,000
device, so we can't see the seed
phrase. 

1349
01:18:45,480 --> 01:18:49,920
Now, as a user, you can download
the seed phrase and you can put 

1350
01:18:49,920 --> 01:18:52,000
it somewhere else, or you don't 
have to do that. 

1351
01:18:52,400 --> 01:18:55,000
You can still use the wallet 
without downloading the seed 

1352
01:18:55,000 --> 01:18:57,520
phrase. 
The wallet would just work as it

1353
01:18:57,520 --> 01:19:00,920
worked before. 
It basically gives you the 

1354
01:19:00,920 --> 01:19:05,240
option to download the wallet, 
but if you don't do it, you can 

1355
01:19:05,240 --> 01:19:08,960
use the wallet in a self 
custodial manner without you 

1356
01:19:08,960 --> 01:19:10,800
even knowing that it's a self 
custodial manner. 

1357
01:19:10,800 --> 01:19:13,160
Which honestly it's it's I 
should be right. 

1358
01:19:13,640 --> 01:19:16,440
You don't want to have people 
download this Sid phrase, write 

1359
01:19:16,440 --> 01:19:22,520
it down, put it in a safe box 
and then you can use the wallet,

1360
01:19:22,520 --> 01:19:24,200
right? 
That's not a good way to. 

1361
01:19:25,280 --> 01:19:29,280
You know I mean. 
Really the reason why we built 

1362
01:19:29,280 --> 01:19:33,640
the wallet is because I was 
talking to people on Club Orange

1363
01:19:33,840 --> 01:19:38,960
and I would say 80% of the user 
of Club Orange, which is 

1364
01:19:38,960 --> 01:19:42,080
payable, do you have to pay? 
So it's kind of like the Bitcoin

1365
01:19:42,080 --> 01:19:45,920
maxi. 
They never use the Latin wallet.

1366
01:19:46,040 --> 01:19:51,040
It's the Latin network. 
And I'm like, at some point I 

1367
01:19:51,040 --> 01:19:52,160
can't teach. 
Everybody about the. 

1368
01:19:52,160 --> 01:19:55,080
Latin network, you know, like we
have now. 

1369
01:19:55,080 --> 01:19:58,760
We have almost 20,000 user and 
that's really the reason why we 

1370
01:19:58,760 --> 01:20:01,880
create the wallet, because then 
everybody can, you know, is on 

1371
01:20:01,880 --> 01:20:04,400
the Latin network without, you 
know, even knowing about it. 

1372
01:20:06,120 --> 01:20:08,440
And so, yeah, I mean, that's how
it's gonna work. 

1373
01:20:08,440 --> 01:20:11,200
You update the app, we create 
the wallet for you. 

1374
01:20:11,760 --> 01:20:14,800
The seed phrase lives on your 
device. 

1375
01:20:15,000 --> 01:20:17,280
That means only you can see the 
seed phrase. 

1376
01:20:17,960 --> 01:20:22,040
And if you want, you can 
download it, upload it somewhere

1377
01:20:22,040 --> 01:20:24,640
else, you can save it. 
You know, and then the other 

1378
01:20:24,640 --> 01:20:27,640
thing is like you know people, 
you know the balance is on club 

1379
01:20:27,640 --> 01:20:28,960
orange. 
It's not like you have one 

1380
01:20:28,960 --> 01:20:32,600
Bitcoin or or two or three. 
You know, you have maybe 10,000 

1381
01:20:32,600 --> 01:20:36,160
stats or 5000 stats or 100. 
You know, it's really like 

1382
01:20:36,160 --> 01:20:41,280
pocket change. 
And so you know if you delete 

1383
01:20:41,280 --> 01:20:44,480
the app, you know, just so you 
know if you delete once you go 

1384
01:20:44,480 --> 01:20:47,440
South custodial if you delete 
the app or if. 

1385
01:20:47,440 --> 01:20:49,960
You. 
Change device and you don't save

1386
01:20:49,960 --> 01:20:52,080
the the seed phrase, you lose 
your. 

1387
01:20:52,080 --> 01:20:55,280
Stats. 
But it's, you know, maybe it's 

1388
01:20:55,280 --> 01:20:58,520
1000 times it doesn't SAT and 
but you know, we're going to 

1389
01:20:58,520 --> 01:21:00,280
make sure, you know, we 
obviously we're going to make 

1390
01:21:00,280 --> 01:21:02,760
sure we tell everybody. 
There's going to be tutorials. 

1391
01:21:03,640 --> 01:21:07,440
We're going to have Opti walking
through every single one of you.

1392
01:21:07,440 --> 01:21:09,480
They can call Opti on Club 
Orange. 

1393
01:21:10,400 --> 01:21:12,720
You can, you know, you can make 
calls on Club Orange now. 

1394
01:21:13,360 --> 01:21:16,640
OK, yeah, dude, come. 
Come on bro, don't. 

1395
01:21:17,560 --> 01:21:20,080
The call off to please. 
Do not. 

1396
01:21:20,560 --> 01:21:24,600
Yo, don't do that. 
Don't no, don't do that dude. 

1397
01:21:24,680 --> 01:21:28,040
Oh man bro. 
Yeah, it's gonna be. 

1398
01:21:28,200 --> 01:21:31,200
It's gonna be beautiful, man. 
It's gonna be damn Mateo now my 

1399
01:21:31,200 --> 01:21:34,000
phone's really gonna blow up. 
All right, My phone's on Do Not 

1400
01:21:34,000 --> 01:21:37,320
Disturb forever here on out so. 
Airplane mode. 

1401
01:21:37,840 --> 01:21:40,640
Yeah, airplane mode forever. 
OK, guys. 

1402
01:21:40,640 --> 01:21:44,120
Sheesh. 
Mateo, this is bro, what are you

1403
01:21:44,120 --> 01:21:46,200
doing to me? 
I'm I'm already losing my mind. 

1404
01:21:46,280 --> 01:21:48,240
Don't let don't have everyone 
call me now. 

1405
01:21:48,240 --> 01:21:50,640
This is horrible. 
This is my nightmare. 

1406
01:21:50,640 --> 01:21:53,960
Happening in real time, I barely
pick up my friends and family's 

1407
01:21:53,960 --> 01:21:55,720
calls. 
Dude, jeez, I know, but your 

1408
01:21:55,720 --> 01:21:58,600
Bitcoin friends, they work more 
than your very few friends. 

1409
01:21:59,240 --> 01:22:02,200
I mean, it's true, I do talk to 
my Bitcoin friends probably more

1410
01:22:02,200 --> 01:22:05,640
than my family, which is 
probably not the best thing, but

1411
01:22:05,640 --> 01:22:07,680
it is it's, it's literally a 
fact. 

1412
01:22:08,440 --> 01:22:12,760
But but tell you I do, I do have
again, not to get too technical 

1413
01:22:12,760 --> 01:22:16,720
here, but for people that are 
currently using Orange Pill app 

1414
01:22:16,720 --> 01:22:20,360
and they have some sets there, 
again, the transition's going to

1415
01:22:20,360 --> 01:22:22,800
be seamless for them. 
So they don't have to like send 

1416
01:22:22,800 --> 01:22:25,200
their lightning out and then 
send it back. 

1417
01:22:25,200 --> 01:22:27,880
In, it's just going to be as it 
was before. 

1418
01:22:28,360 --> 01:22:32,040
Yeah. 
So yeah, again, let's let's go 

1419
01:22:32,080 --> 01:22:34,560
even. 
Deeper into these details of the

1420
01:22:34,640 --> 01:22:38,120
new wallet. 
What's gonna happen? 

1421
01:22:38,160 --> 01:22:42,720
You have a balance, you upload, 
you update the app, we create a 

1422
01:22:42,720 --> 01:22:45,160
wallet which is sub custodial 
for you. 

1423
01:22:45,240 --> 01:22:48,520
The seat phrase is on your 
device and you're gonna have an 

1424
01:22:48,520 --> 01:22:50,840
address, right? 
Like the address is gonna stay 

1425
01:22:50,880 --> 01:22:55,400
opti at cluborange.org. 
And then we take the balance of 

1426
01:22:55,680 --> 01:22:59,040
your custodial wallet, which 
obviously means we were holding 

1427
01:22:59,040 --> 01:23:01,440
this. 
As for you, we take that balance

1428
01:23:01,680 --> 01:23:04,800
and we automatically send it to 
your sub custodial wallet. 

1429
01:23:05,160 --> 01:23:11,560
So literally there is nothing to
do for the user, literally that 

1430
01:23:11,800 --> 01:23:15,480
we're just going to take the 
sats from your custodial wallet 

1431
01:23:15,920 --> 01:23:19,000
to your sub custodial wallet and
then it's your wallet. 

1432
01:23:19,760 --> 01:23:21,760
That's amazing. 
That's awesome bro. 

1433
01:23:22,640 --> 01:23:26,800
Yes, that's that's cool. 
I I've seen a lot of, I forget 

1434
01:23:26,800 --> 01:23:30,640
which one it is, but I saw 
another recent huge announcement

1435
01:23:30,760 --> 01:23:33,160
of another I think was it Wallet
of Satoshi? 

1436
01:23:33,160 --> 01:23:35,800
That went to Spark or. 
Yes, yes, yes. 

1437
01:23:35,840 --> 01:23:37,240
Yeah, right. 
They're they're using the. 

1438
01:23:37,560 --> 01:23:41,720
First, yeah, they were the first
to, I think adopt Spark, which 

1439
01:23:41,720 --> 01:23:47,240
is how they'll be able to come 
back to the US And so, yeah, I 

1440
01:23:47,240 --> 01:23:50,680
mean, that's a good point. 
You could then once it's that 

1441
01:23:50,680 --> 01:23:53,400
could start and get the seed 
phrase, you can take the seed 

1442
01:23:53,400 --> 01:23:57,920
phrase, go to Walter Satoshi and
import the wallet there. 

1443
01:23:58,120 --> 01:24:01,120
And then you see the same 
balance on Walter Satoshi. 

1444
01:24:01,560 --> 01:24:03,440
And really, wow. 
Yes. 

1445
01:24:04,240 --> 01:24:07,400
And then you can send this out 
and every time you send this out

1446
01:24:08,280 --> 01:24:11,360
from Club Orange or what's the 
sheet, the balance are gonna 

1447
01:24:11,360 --> 01:24:14,960
update automatically. 
OK. 

1448
01:24:15,760 --> 01:24:20,400
So it's gonna be very, I mean, 
it's the way it should be. 

1449
01:24:20,400 --> 01:24:23,080
It's the way it should be. 
Wow. 

1450
01:24:24,040 --> 01:24:28,240
It's Club Orange building the 
iPhone moment for Lightning 

1451
01:24:28,240 --> 01:24:31,160
here. 
I think that might be a stretch.

1452
01:24:31,200 --> 01:24:33,880
I know, I know we're trying to 
get more people to use Bitcoin, 

1453
01:24:33,880 --> 01:24:39,760
but it seems like the the ease 
and convenience factor really 

1454
01:24:39,760 --> 01:24:41,960
goes into the conversation. 
We were talking about Lightning 

1455
01:24:41,960 --> 01:24:44,600
earlier. 
It, it does seem to have come a 

1456
01:24:44,600 --> 01:24:47,640
long way. 
Now you don't have to be a 

1457
01:24:47,640 --> 01:24:51,680
hardcore, you know, bitcoiner 
technical developer to get a 

1458
01:24:51,680 --> 01:24:54,960
lightning node up. 
I, I remember when the lightning

1459
01:24:54,960 --> 01:24:57,080
torch happened. 
I forget what year it was, what 

1460
01:24:57,080 --> 01:24:59,720
like 2021 or something like 
that. 

1461
01:25:00,360 --> 01:25:02,760
I was so. 
Frustrated, I was trying to set 

1462
01:25:02,760 --> 01:25:07,560
up a a lightning node and I I 
could barely code, you know, 

1463
01:25:07,560 --> 01:25:11,400
like hello world like that's as 
far as my coding went, you know,

1464
01:25:11,800 --> 01:25:15,720
and I was trying to set up a 
lightning node and I forget what

1465
01:25:16,200 --> 01:25:19,160
something dropped. 
I think there was, I think, oh, 

1466
01:25:19,160 --> 01:25:20,840
actually it was Pierre 
Rochard's. 

1467
01:25:21,160 --> 01:25:24,000
He had that like script for a 
lightning note and I literally 

1468
01:25:24,000 --> 01:25:27,720
just like put in the script and 
it like did all the stuff for 

1469
01:25:27,720 --> 01:25:29,280
me. 
And so I was able to do the 

1470
01:25:29,320 --> 01:25:32,400
lightning torch so that that was
good times. 

1471
01:25:32,640 --> 01:25:35,360
I I completely forgot how to do 
any of that. 

1472
01:25:35,360 --> 01:25:39,040
So I'm happy that lightning is 
now Hey, I just download an app 

1473
01:25:39,040 --> 01:25:42,720
and I start using Bitcoin 
because, you know, it's hard. 

1474
01:25:42,720 --> 01:25:45,800
It's hard having a 42 IQ in this
world, but you know, I'm 

1475
01:25:45,800 --> 01:25:48,200
surviving. 
I'm I'm surviving here daily. 

1476
01:25:48,680 --> 01:25:51,400
I don't know how it's happening,
but we're, we're making it 

1477
01:25:51,400 --> 01:25:55,240
day-to-day here, Mateo. 
But anyways, yeah, you know. 

1478
01:25:55,720 --> 01:25:58,520
But now with the eyes, now with 
the, you know, now with the 

1479
01:25:58,520 --> 01:26:01,840
eyes, it's it's you might be 
able to code more than a little 

1480
01:26:01,840 --> 01:26:04,600
world, I think. 
Yeah, maybe. 

1481
01:26:05,000 --> 01:26:08,200
Yeah, maybe. 
I don't know, I the AI stuff is 

1482
01:26:08,480 --> 01:26:10,640
I, I hear everyone with the claw
bots. 

1483
01:26:11,240 --> 01:26:14,560
I don't know, I'm like, I'm 
like, dude, I do not need 

1484
01:26:14,560 --> 01:26:17,280
another hobby where I'm looking 
at the computer all day. 

1485
01:26:17,280 --> 01:26:19,080
I'm like, I I need to go 
outside. 

1486
01:26:19,080 --> 01:26:23,440
OK, I know it's like a one time 
thing, but I don't know that's 

1487
01:26:23,440 --> 01:26:28,480
that's that's above my IQ. 
Level anyways, rateo to wrap up 

1488
01:26:28,480 --> 01:26:30,800
the show any any other things 
you want to mention? 

1489
01:26:30,800 --> 01:26:33,520
Actually, let's just plug club 
orange real quick. 

1490
01:26:33,520 --> 01:26:35,920
Where can they find it? 
Can they reach out to you? 

1491
01:26:35,920 --> 01:26:39,400
You know all that good stuff. 
If they have some feedback, you 

1492
01:26:39,400 --> 01:26:41,920
know, let let's do the final 
plug and we'll wrap up today's 

1493
01:26:41,920 --> 01:26:45,560
show. 
Well, Club orange.org is the 

1494
01:26:45,560 --> 01:26:51,160
website and then App Store, you 
know, whatever fun you have, App

1495
01:26:51,160 --> 01:26:58,040
Store, Google Play Store, you 
can get the APK file on the 

1496
01:26:58,800 --> 01:27:01,240
website. 
If you wanna download the binary

1497
01:27:01,240 --> 01:27:05,600
file, Club Orange, you can reach
me on Club Orange. 

1498
01:27:05,600 --> 01:27:07,640
Obviously it's my name and last 
name. 

1499
01:27:08,400 --> 01:27:10,960
You can also reach OPT on Club 
Orange. 

1500
01:27:11,200 --> 01:27:12,120
Very important. 
Yeah, yeah. 

1501
01:27:12,160 --> 01:27:18,080
But don't call me guys, please. 
I'll respond to the DMS. But bro

1502
01:27:18,080 --> 01:27:20,800
if. 
I literally Mateo, if I get if I

1503
01:27:20,800 --> 01:27:23,400
get phone calls, I'm going to 
crash out so hard. 

1504
01:27:23,400 --> 01:27:25,240
I'm going to I'm going to lose 
my mind. 

1505
01:27:25,240 --> 01:27:28,280
Oh man, DM me. 
Please no phone calls. 

1506
01:27:28,280 --> 01:27:30,160
I, for the love of God, please 
you can. 

1507
01:27:30,160 --> 01:27:31,880
Actually, actually. 
Maybe. 

1508
01:27:32,280 --> 01:27:35,600
Yeah, actually, maybe I need to 
do reverse psychology here. 

1509
01:27:35,600 --> 01:27:40,160
Yes, you know. 
Call me, definitely call me 

1510
01:27:40,160 --> 01:27:43,160
please. 
I really enjoy you calling me. 

1511
01:27:43,400 --> 01:27:45,080
I don't. 
I'm I'm dude, I'm going to get 

1512
01:27:45,120 --> 01:27:45,680
cooked. 
Damn. 

1513
01:27:46,440 --> 01:27:50,440
Oh man. 
And yeah, I mean, it's what is 

1514
01:27:50,440 --> 01:27:52,520
Cub Orange? 
It's a it's a way to meet bit 

1515
01:27:52,520 --> 01:27:55,360
corners. 
It's a social network, which 

1516
01:27:55,360 --> 01:28:00,480
means there is no media to 
scroll and get lost in time. 

1517
01:28:00,480 --> 01:28:04,360
You find bit corners, you meet 
them, you go to the, you know, 

1518
01:28:04,360 --> 01:28:09,840
we have the largest database of 
events in the world, 800 events,

1519
01:28:09,840 --> 01:28:11,760
Bitcoin only events. 
We filtered them. 

1520
01:28:11,760 --> 01:28:13,880
We, you know, we verify their 
Bitcoin events. 

1521
01:28:14,240 --> 01:28:16,760
So basically you know you can 
find events anywhere you go. 

1522
01:28:17,560 --> 01:28:22,320
We now have merchants you can go
and spend the SAT's. 

1523
01:28:22,520 --> 01:28:24,920
Which you should. 
Do by the way, instead of just, 

1524
01:28:25,240 --> 01:28:28,880
you know, hoarding them, just 
spend the SAT's buy and replace,

1525
01:28:28,880 --> 01:28:34,120
you know, don't be join, you 
know, join the become part of 

1526
01:28:34,120 --> 01:28:37,800
the economy and and there's a 
wallet, you know, did we talk 

1527
01:28:37,800 --> 01:28:39,440
about the wallet or not? 
Yeah, yeah, yeah. 

1528
01:28:39,440 --> 01:28:40,800
Did we talk about the wallet? 
Yeah. 

1529
01:28:40,840 --> 01:28:42,360
No, I don't know. 
I don't think we did. 

1530
01:28:42,760 --> 01:28:46,760
Right. 
Cool it's a wallet it's a 

1531
01:28:46,800 --> 01:28:51,120
custodial soon anyway. 
Yeah it's it's kind of like, you

1532
01:28:51,120 --> 01:28:54,640
know, it's the reason why I 
build this app, in case you 

1533
01:28:54,640 --> 01:28:59,760
wanted to know Opti, so I'm sure
you did is because I was lonely,

1534
01:29:00,080 --> 01:29:02,120
you know, I was a lonely 
bitcoiner. 

1535
01:29:02,360 --> 01:29:05,000
Nobody wanted to hear about 
Bitcoin, especially when it 

1536
01:29:05,000 --> 01:29:11,560
crash in 2022 from like 69 to 
1716, whatever it was. 

1537
01:29:12,280 --> 01:29:16,040
And you know, I'm like, let's 
build an app to find big corners

1538
01:29:16,040 --> 01:29:18,240
because there was no other way 
to find big corners. 

1539
01:29:18,240 --> 01:29:20,880
Twitter, you don't know where 
people are. 

1540
01:29:20,880 --> 01:29:28,080
And yeah, I went to a meet up in
LA and I went to a meet up in LA

1541
01:29:28,320 --> 01:29:31,640
and half of the people were not 
in Bitcoin. 

1542
01:29:31,640 --> 01:29:34,280
And I'm like, what a waste. 
Some. 

1543
01:29:34,400 --> 01:29:36,600
Yeah, I've done that. 
Yeah, you've done that. 

1544
01:29:36,680 --> 01:29:39,840
Yeah. 
In the early days like 2018 era,

1545
01:29:39,840 --> 01:29:43,640
I went to like a Bitcoin meet up
back home and I go and they're 

1546
01:29:43,640 --> 01:29:45,840
like talking about shit coins 
the whole time. 

1547
01:29:45,840 --> 01:29:47,840
I'm like, what the hell is going
on here? 

1548
01:29:47,840 --> 01:29:49,240
Like this is garbage. 
It's wild. 

1549
01:29:49,360 --> 01:29:50,920
Yeah, yeah. 
And that's really where I got 

1550
01:29:50,920 --> 01:29:53,080
the idea. 
I'm like, I can't go to a meet 

1551
01:29:53,080 --> 01:29:55,560
up. 
People on Twitter, I don't know 

1552
01:29:55,560 --> 01:29:59,000
what they are. 
So there's you know, there 

1553
01:29:59,000 --> 01:30:00,840
wasn't a way to find local big 
cars. 

1554
01:30:00,840 --> 01:30:06,680
So that's that's that's the kind
of the incipit of Club Orange. 

1555
01:30:07,960 --> 01:30:09,200
And it work. 
I mean it work. 

1556
01:30:09,200 --> 01:30:11,720
We have 19, I mean almost 20,000
members. 

1557
01:30:11,880 --> 01:30:15,680
Everybody has to pay. 
So we don't get the bots, which 

1558
01:30:15,680 --> 01:30:17,720
obviously is going to be a huge 
problem going forward. 

1559
01:30:17,720 --> 01:30:20,360
We don't get the sheet corners, 
we don't get this bombers, we 

1560
01:30:20,360 --> 01:30:25,000
don't get the scammers, we don't
get people that don't want to 

1561
01:30:25,000 --> 01:30:33,200
reply to the EMS. So. 
Yo, bro, yo dude, I'm getting 

1562
01:30:33,200 --> 01:30:35,280
cooked. 
Here I'm getting cooked. 

1563
01:30:35,320 --> 01:30:36,880
Here I'm. 
Getting you're you're telling 

1564
01:30:36,880 --> 01:30:40,520
everyone to call me now and I'm 
getting put on blast. 

1565
01:30:41,080 --> 01:30:45,000
No, but you know, choking aside,
the paywall is kind of like 

1566
01:30:45,000 --> 01:30:47,960
Bitcoin, you know, you if you 
want to use the network, you got

1567
01:30:47,960 --> 01:30:51,080
to pay the fees, which you know,
is very low, but one day might 

1568
01:30:51,080 --> 01:30:54,360
be higher and it's $3 a month, 
you know, it's very low, but you

1569
01:30:54,360 --> 01:30:56,400
know, like we filter out the the
noise. 

1570
01:30:56,720 --> 01:30:59,920
So it's very high signal. 
Everybody's super friendly. 

1571
01:30:59,920 --> 01:31:03,440
Everybody wants to meet and, you
know, build a business or become

1572
01:31:03,440 --> 01:31:04,760
friends. 
I mean, there are people going 

1573
01:31:04,760 --> 01:31:09,560
camping, people that have 
learned to fly on Club Orange. 

1574
01:31:09,600 --> 01:31:12,520
They just, there's a pilot that 
just teaching people to fly. 

1575
01:31:14,960 --> 01:31:17,080
It's you know, it's, it's, it's 
quite incredible. 

1576
01:31:17,080 --> 01:31:21,720
You know, it's quite incredible.
Optus is going to have a busy 

1577
01:31:21,720 --> 01:31:23,840
day, it's going to have a busy 
month. 

1578
01:31:23,840 --> 01:31:26,480
So what do you? 
Mean dude, my life is now more 

1579
01:31:26,480 --> 01:31:28,280
busy than ever thanks to Mateo 
Oh. 

1580
01:31:29,000 --> 01:31:33,040
Man, So yeah, that's Kevorage. 
It's it's, it's about going 

1581
01:31:33,040 --> 01:31:37,040
outside instead of being online 
all the time and building these 

1582
01:31:37,640 --> 01:31:39,480
local communities around 
Bitcoin. 

1583
01:31:39,480 --> 01:31:42,760
That's that's what we do. 
Let's go, let's go. 

1584
01:31:42,760 --> 01:31:46,560
I do want to read a couple of 
questions or comments from 

1585
01:31:46,560 --> 01:31:48,960
Rumble. 
I I can't pull them up, but we 

1586
01:31:48,960 --> 01:31:56,920
have AJN 240750 He goes yes, I'm
I think some words are gone. 

1587
01:31:56,920 --> 01:32:00,200
I'm going to find more retailers
that accept Bitcoin. 

1588
01:32:00,200 --> 01:32:01,920
I I think he missed a couple 
words there. 

1589
01:32:01,920 --> 01:32:07,080
So you know, he loves that. 
And then we have Mr. Robot Zero 

1590
01:32:07,080 --> 01:32:10,440
and he goes, this is how Bitcoin
wins self custody and 

1591
01:32:10,440 --> 01:32:12,680
transacting. 
Bitcoin is just as seamless as 

1592
01:32:12,680 --> 01:32:16,320
any Fiat transaction. 
So they love what you're doing, 

1593
01:32:16,320 --> 01:32:18,720
Mateo. 
So it's been a minute, man. 

1594
01:32:18,720 --> 01:32:21,520
I appreciate you coming on, even
though you roasted me. 

1595
01:32:21,520 --> 01:32:23,200
And now I'm going to get phone 
calls. 

1596
01:32:23,600 --> 01:32:26,160
But it's all love, OK? 
It's all love, bro. 

1597
01:32:26,160 --> 01:32:28,840
So thank you so much for coming 
on today's show. 

1598
01:32:29,920 --> 01:32:32,400
On that note, guys, you already 
know the deal. 

1599
01:32:32,600 --> 01:32:38,760
We'll be back tomorrow roughly 
12:40 PM Eastern Time for 

1600
01:32:38,760 --> 01:32:41,440
another show of Simply Bitcoin 
Live. 

1601
01:32:42,000 --> 01:32:46,680
Like Mateo said, get outside, 
get in public. 

1602
01:32:46,680 --> 01:32:50,480
You know, get off the computer. 
There's real people out there. 

1603
01:32:50,720 --> 01:32:54,200
Make sure you're stacking stats,
eating good food, go touch some 

1604
01:32:54,200 --> 01:32:56,840
grass, guys, get a workout and 
get out, get a walk in. 

1605
01:32:56,840 --> 01:32:59,400
You know, let's make sure we're 
healthy and beautiful so that 

1606
01:32:59,400 --> 01:33:01,520
you can turn every app into a 
dating app. 

1607
01:33:02,200 --> 01:33:04,400
I know I can't, but it is what 
it is. 

1608
01:33:04,520 --> 01:33:08,040
You know, maybe you guys can. 
So Mateo, again, thank you so 

1609
01:33:08,040 --> 01:33:11,720
much everyone out there you. 
Already know we appreciate you. 

1610
01:33:11,720 --> 01:33:14,000
We love you guys. 
I'll see you tomorrow. 

1611
01:33:15,080 --> 01:33:17,440
Good night. 
Today's episode was brought to 

1612
01:33:17,440 --> 01:33:20,960
you by bitcoinwell.com, a 
Bitcoin only platform on a 

1613
01:33:20,960 --> 01:33:23,280
mission to enable financial 
independence.