1
00:00:02,600 --> 00:00:04,880
It's. 
All going to zero against 

2
00:00:04,920 --> 00:00:07,400
Bitcoin. 
It's going up forever. 

3
00:00:07,400 --> 00:00:15,960
If. 
You're against Bitcoin. 

4
00:00:16,120 --> 00:00:24,880
You're against freedom. 
If I owed you, let me try and 

5
00:00:24,880 --> 00:00:28,360
think. 
If I owed you 20 Taylor Swift 

6
00:00:28,360 --> 00:00:32,439
tickets, so this is could clip 
this, send this to your family, 

7
00:00:32,439 --> 00:00:35,520
this will be understandable. 
If I owed you 20 Taylor Swift 

8
00:00:35,520 --> 00:00:38,400
tickets, in theory I have two 
options. 

9
00:00:38,400 --> 00:00:41,240
I can either pay those back in 
full by giving you the tickets 

10
00:00:41,240 --> 00:00:45,320
or I could say I can't afford to
pay that back and we call that a

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00:00:45,320 --> 00:00:47,680
default. 
Two options when you're in debt,

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00:00:47,800 --> 00:00:51,080
pay it back or default. 
And I say I'm so sorry, I can't 

13
00:00:51,080 --> 00:00:53,960
actually pay that back. 
Now the government has a third 

14
00:00:53,960 --> 00:00:56,320
option. 
They can actually devalue and 

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00:00:56,320 --> 00:01:00,280
debase the thing that they owe 
by printing money, right? 

16
00:01:00,320 --> 00:01:03,000
So if I could say, well, Taylor 
Swift tickets at one point were 

17
00:01:03,000 --> 00:01:06,960
like $20,000 a pop. 
If I can make them $2.00 a pop, 

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00:01:07,200 --> 00:01:09,560
I can pay you back 20 Taylor 
Swift tickets no problem. 

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I'll just devalue what they're 
worth. 

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00:01:11,600 --> 00:01:15,960
And so the US government has a 
third option, which is printing 

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currency, debasing the currency,
and that's their only way out. 

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So they, the US government 
cannot default. 

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That is not an option, right? 
And they also can't pay it back.

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Debt to GDP in the US is almost 
130%. 

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Global debt to GDP is well over 
300%. 

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So that is the amount of debt 
they have versus the amount of 

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growth they're producing to pay 
that back. 

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Paying it back is not an option.
Defaulting is not an option. 

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So anyone listening, what's the 
only thing they can do to value 

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00:01:47,040 --> 00:01:49,680
the thing they owe? 
Print money to base the 

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currency. 
What's the scarcest thing in 

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human history? 
What's the best performing asset

33
00:01:56,240 --> 00:01:59,360
in the last 15 years? 
What is the best expression of 

34
00:01:59,360 --> 00:02:01,520
currency debasement? 
What's a put option on the 

35
00:02:01,520 --> 00:02:03,960
existing financial system? 
What is long volatility? 

36
00:02:03,960 --> 00:02:06,720
How do you monetize this chaos? 
You buy Bitcoin. 

37
00:02:07,120 --> 00:02:09,800
You buy Bitcoin. 
That's been my macro thesis from

38
00:02:09,800 --> 00:02:12,000
day one, and that's my Taylor 
Swift analogy. 

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00:02:12,000 --> 00:02:15,160
Bam, clip it. 
Good morning. 

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00:02:15,160 --> 00:02:18,640
Welcome to Simply Bitcoin as our
new phrase is tomorrow's Bitcoin

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00:02:18,640 --> 00:02:21,360
news. 
Today I'm your host Opti, and we

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00:02:21,360 --> 00:02:24,920
got a jam packed show for you. 
And I really enjoyed this cold 

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00:02:24,920 --> 00:02:28,160
open today because one of our 
main things doing here on the 

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00:02:28,160 --> 00:02:31,280
show is trying to explain to 
people, the average person out 

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00:02:31,280 --> 00:02:33,000
there, the problems going on in 
the world. 

46
00:02:33,360 --> 00:02:36,200
But it's becoming very clear 
that most people either don't 

47
00:02:36,200 --> 00:02:39,760
care about inflation or don't 
understand inflation and shouts 

48
00:02:39,760 --> 00:02:43,600
out to Jack Mahler's again, 
always doing his best at 

49
00:02:43,600 --> 00:02:46,920
explaining Bitcoin, explaining 
the financial problems that we 

50
00:02:46,920 --> 00:02:49,520
find ourselves in, in very 
simple terms. 

51
00:02:49,520 --> 00:02:51,560
Of course, he's using this 
Taylor Swift example, which 

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00:02:51,600 --> 00:02:54,120
probably catches on with a lot 
of normies out there, You know, 

53
00:02:54,120 --> 00:02:58,160
shouts out to the people out 
there that, you know, I, I don't

54
00:02:58,160 --> 00:03:01,160
want to just talk too much smack
about them, but they're asleep 

55
00:03:01,160 --> 00:03:03,520
at the wheel or really just 
don't care and caught up in all 

56
00:03:03,520 --> 00:03:07,320
of the crazy things going on. 
But it's becoming very clear 

57
00:03:07,480 --> 00:03:10,960
that the US government has a 
huge problem. 

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00:03:11,120 --> 00:03:15,320
Everyone knows probably by now 
the US is in $35 trillion in 

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00:03:15,320 --> 00:03:19,040
debt, literally adding a 
trillion dollars to the debt 

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00:03:19,040 --> 00:03:23,160
every hundred days. 
Now, also with that, we have, I 

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00:03:23,160 --> 00:03:28,120
think, exactly not the correct 
number, but over $218 trillion 

62
00:03:28,120 --> 00:03:31,880
of unfunded liabilities, which 
is why Jack Mahler's explained 

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00:03:31,880 --> 00:03:34,760
to people in very simple terms 
that there's no possible way for

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them to pay this back. 
This is why you're feeling pain.

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00:03:37,560 --> 00:03:41,200
This is why inflation has become
one of the big topics right now.

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00:03:41,400 --> 00:03:45,200
There is no possibility of them 
getting out of this position 

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00:03:45,440 --> 00:03:48,480
except for basically two or 
three things like Jack Mollo 

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00:03:48,480 --> 00:03:51,240
just saying they either default 
on their debt, which they have 

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00:03:51,240 --> 00:03:54,720
done, you know, arguably twice 
in the past, or they just 

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00:03:54,720 --> 00:03:58,280
continue to print more money or 
basically just tell you to just 

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00:03:58,280 --> 00:04:00,680
suck it up. 
And This is why we Bitcoin, This

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00:04:00,680 --> 00:04:04,480
is why all of us as Bitcoiners 
continue to talk about Bitcoin, 

73
00:04:04,480 --> 00:04:07,680
continue to explain to our 
friends and family that there's 

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00:04:07,680 --> 00:04:10,400
only one way out of this. 
And this is to save in Bitcoin, 

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00:04:10,400 --> 00:04:13,280
protect yourself in Bitcoin. 
And this is one of the 

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00:04:13,280 --> 00:04:17,079
fundamental messages of our show
that there is no political 

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00:04:17,079 --> 00:04:19,880
solution to this. 
The only solution to this is 

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00:04:19,880 --> 00:04:22,079
simply Bitcoin. 
You saving in Bitcoin, you 

79
00:04:22,079 --> 00:04:26,080
protecting your wealth in 
Bitcoin, taking it into cold 

80
00:04:26,080 --> 00:04:29,200
storage, taking it into custody.
This is the only way you're 

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00:04:29,200 --> 00:04:31,720
going to get out of this. 
You can't expect someone out 

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00:04:31,720 --> 00:04:35,440
there to help you get out of 
this because as we've constantly

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00:04:35,440 --> 00:04:39,360
been shown, people in power will
abuse your trust, and This is 

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00:04:39,360 --> 00:04:41,400
why we're in the position we are
in today. 

85
00:04:41,800 --> 00:04:43,800
Anyways, enough with the opening
ramp. 

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00:04:44,200 --> 00:04:47,160
As you can tell from the title, 
we did get a very good clip that

87
00:04:47,160 --> 00:04:50,360
just dropped on Twitter about 
Michael Saylor. 

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00:04:50,360 --> 00:04:54,360
This did happen in Nashville at 
Bitcoin 2024, but he explains 

89
00:04:54,360 --> 00:04:58,160
the three things that need to 
happen for Bitcoin to go and his

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00:04:58,160 --> 00:05:02,440
word 100 X from here. 
And the TLDR is we're pretty 

91
00:05:02,440 --> 00:05:05,520
much already there. 
Like we we've already set this 

92
00:05:05,520 --> 00:05:08,360
in motion. 
So so it really, in my opinion, 

93
00:05:08,360 --> 00:05:13,320
points to the idea that 2025 leg
up in the next bull will 

94
00:05:13,320 --> 00:05:16,800
probably be a magnificent, 
glorious bull run. 

95
00:05:16,800 --> 00:05:19,960
I know we're all sitting here 
like man, 58K gang, bro, like 

96
00:05:19,960 --> 00:05:22,560
why, why did you curse us the 58
K? 

97
00:05:22,800 --> 00:05:25,320
We, you know, yesterday 
everyone's like, oh, we broke 

98
00:05:25,320 --> 00:05:27,200
out of 58 K. 
We're never going to be back at 

99
00:05:27,200 --> 00:05:29,760
58 K. 
And yet this morning we're back 

100
00:05:29,760 --> 00:05:33,280
at 58 K. 
So everyone go blame Dennis on 

101
00:05:33,280 --> 00:05:36,160
Twitter. 
But it still means one thing. 

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00:05:36,200 --> 00:05:39,240
Bitcoin is at a, you know, 
stable price right now. 

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00:05:39,240 --> 00:05:43,240
So cheap sats before we get this
next leg up in the bull run. 

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00:05:43,640 --> 00:05:48,080
But in the clip, Sailor does say
something very, very telling. 

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00:05:48,360 --> 00:05:52,040
And This is why I do want to 
cover the rumor mill that we've 

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00:05:52,040 --> 00:05:55,200
been hearing going around 
Twitter that apparently the 

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00:05:55,200 --> 00:06:00,320
Kamala Harris campaign or 
administration is rumored to tap

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00:06:00,360 --> 00:06:04,640
on Gary Gensler to be Secretary 
Treasury, which would be 

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00:06:05,320 --> 00:06:07,960
absolutely detrimental to the 
Bitcoin industry. 

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00:06:08,240 --> 00:06:11,800
As we've seen he wasn't very 
happy about releasing a Bitcoin 

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00:06:11,800 --> 00:06:13,600
ETF. 
They basically slow rolled this 

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00:06:13,600 --> 00:06:16,960
as much as possible. 
So more signals, of course, this

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00:06:16,960 --> 00:06:21,960
is rumor, but if it is signal of
what's going to happen, it just 

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00:06:21,960 --> 00:06:25,440
goes to show that the Harris 
administration will not be 

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00:06:25,440 --> 00:06:27,200
friendly towards the Bitcoin 
space. 

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00:06:27,200 --> 00:06:29,320
Of course, we've been trying to 
give them the benefit of the 

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00:06:29,320 --> 00:06:33,040
doubt, but more signal, more, 
more receipts on. 

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00:06:33,160 --> 00:06:36,360
This is just a lot of talk. 
And again, we try not to get 

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00:06:36,360 --> 00:06:37,880
political. 
We're bitcoiners here. 

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00:06:37,960 --> 00:06:39,760
We care about the adoption of 
Bitcoin. 

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00:06:39,760 --> 00:06:41,920
We don't think there's a 
political solution here, but 

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00:06:41,920 --> 00:06:46,560
it's becoming very telling that 
one side of this election is 

123
00:06:46,680 --> 00:06:50,120
anti Bitcoin and the other side 
is senior pro Bitcoin. 

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00:06:50,280 --> 00:06:53,280
So it's becoming a very clear 
choice for most Bitcoiners out 

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00:06:53,280 --> 00:06:55,720
there. 
And to everyone that's in 

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00:06:55,720 --> 00:06:58,040
disbelief, the writing's been on
the wall. 

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00:06:58,040 --> 00:06:59,960
We've been covering this for a 
long time on the show. 

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00:06:59,960 --> 00:07:04,200
Anyways, I am not alone today. 
Nico did have a flight that got 

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00:07:04,200 --> 00:07:07,040
delayed, so I'm handling the 
duties today. 

130
00:07:07,040 --> 00:07:10,000
But we got a Opti and Obi 
takeover. 

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00:07:10,120 --> 00:07:14,360
We got Adam O'Brien on the show,
of course, CEO, founder of 

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00:07:14,360 --> 00:07:17,520
Bitcoin Well, one of our 
sponsors, one of our partners 

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00:07:17,760 --> 00:07:19,560
absolutely love when Adam comes 
on. 

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00:07:19,640 --> 00:07:22,400
I mean, we've been joking for a 
while now that we need to do a 

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00:07:22,440 --> 00:07:25,680
simply Bitcoin Well takeover. 
This is our show now, you know 

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00:07:25,680 --> 00:07:29,080
Nico. 
Yeah, if Nico's watching this, 

137
00:07:29,080 --> 00:07:31,720
like, I mean, he's done. 
Like, thank you, Nico, for your 

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00:07:31,720 --> 00:07:34,240
service. 
It's Opti and Adam day now, and 

139
00:07:34,360 --> 00:07:35,760
we're good to go. 
Off we go. 

140
00:07:36,480 --> 00:07:40,400
Let's go well, super exciting 
also also in the culture, of 

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00:07:40,400 --> 00:07:41,880
course we're going to be talking
about Bitcoin. 

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00:07:41,880 --> 00:07:46,800
Well, but Adam, bro, I just we 
were talking about it yesterday,

143
00:07:47,040 --> 00:07:50,680
dude, you are a can I say yes, 
you're a financial criminal in 

144
00:07:50,680 --> 00:07:54,680
Canada just because you're a. 
Bitcoiner financial terrorist. 

145
00:07:54,680 --> 00:07:56,600
Financial terrorist. 
Sorry, sorry, financial. 

146
00:07:57,240 --> 00:08:01,680
Terrorist, incredible, beautiful
free country that I live in 

147
00:08:02,280 --> 00:08:05,160
yeah, man, it's wild. 
I we, I'm happy to dive into 

148
00:08:05,200 --> 00:08:08,840
some of that. 
It's like when people hear what 

149
00:08:08,840 --> 00:08:12,520
I like my banking situation and 
what's going on, they if they 

150
00:08:12,520 --> 00:08:15,480
are Bitcoiners, they're like, 
holy smokes, I understand why 

151
00:08:15,480 --> 00:08:17,680
you're a psychopath and I'm here
with you. 

152
00:08:17,960 --> 00:08:21,280
And when they're not Bitcoiners,
they're like, oh, obviously 

153
00:08:21,280 --> 00:08:24,240
you're lying and you've done 
something wrong and the 

154
00:08:24,240 --> 00:08:27,880
government is right and govern 
me harder, Daddy and Adam, 

155
00:08:27,880 --> 00:08:30,160
you're a bad guy. 
And it's like, well, you know, 

156
00:08:30,160 --> 00:08:32,559
I'm not and my stay at home wife
is not. 

157
00:08:32,559 --> 00:08:35,480
And she's also debanked. 
So definitely yeah, man. 

158
00:08:35,480 --> 00:08:37,840
Happy to dive into it. 
Yeah, we're, we're definitely 

159
00:08:37,840 --> 00:08:39,919
going to cover that. 
And then of course, we're I'm 

160
00:08:39,919 --> 00:08:42,039
going to, I'm going to goad you 
a little bit and hopefully get 

161
00:08:42,039 --> 00:08:44,120
some leaks on Bitcoin. 
Well, because I know what's 

162
00:08:44,120 --> 00:08:47,280
happening behind the scenes and,
you know, I want to expose the 

163
00:08:47,280 --> 00:08:49,560
audience to it, but I know, I 
know things are in motion and 

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00:08:49,560 --> 00:08:51,080
you probably can't talk about 
some of them. 

165
00:08:51,280 --> 00:08:55,560
But on, on that note about your 
wife, yeah, can confirm she's a 

166
00:08:55,560 --> 00:08:58,440
sweetheart. 
Far from a financial terrorist. 

167
00:08:58,440 --> 00:09:01,560
But hey, you know, with your 
banking system up there in 

168
00:09:01,560 --> 00:09:04,840
Canada, it's a, it looks like 
everyone's a terrorist now. 

169
00:09:04,840 --> 00:09:07,720
Absolutely incredible. 
If you don't play by their 

170
00:09:07,720 --> 00:09:11,800
rules, you are terrorist and 
they have full opportunity and 

171
00:09:11,800 --> 00:09:15,280
will absolutely kick you out. 
In fact, yeah, it's getting 

172
00:09:15,280 --> 00:09:16,440
crazy. 
I won't dive into it yet. 

173
00:09:16,440 --> 00:09:17,800
We'll. 
Talk about the culture We'll 

174
00:09:17,800 --> 00:09:20,880
talk about the culture. 
Let's let's talk about our our 

175
00:09:20,880 --> 00:09:24,480
leading sponsor here, which is 
of course Bitcoin Well, the best

176
00:09:24,480 --> 00:09:27,480
place to buy Bitcoin it's 
literally self custody by 

177
00:09:27,480 --> 00:09:30,800
default, which means you need to
have a Bitcoin wallet and 

178
00:09:30,800 --> 00:09:32,840
Bitcoin well never touches your 
Bitcoin. 

179
00:09:33,040 --> 00:09:36,440
This is what you have to do. 
You want to ensure that you hold

180
00:09:36,440 --> 00:09:39,040
the Bitcoin that there is no 
possibility of getting rug 

181
00:09:39,040 --> 00:09:42,280
pulled buy real Bitcoin go to 
bitcoinwell.com. 

182
00:09:42,280 --> 00:09:46,360
You can use a promo code simply 
BTC and Adam, I am going to put 

183
00:09:46,360 --> 00:09:48,760
you on the spot here, bro a 
little bit put you on the spot 

184
00:09:48,760 --> 00:09:52,960
on the Bitcoin well rewards 
because the last couple of days 

185
00:09:52,960 --> 00:09:55,720
it hasn't been working. 
So James and you guys need to 

186
00:09:55,720 --> 00:09:58,000
figure this out here's. 
Here's what we got to do. 

187
00:09:58,120 --> 00:10:00,040
First things first. 
I don't know how many normally 

188
00:10:00,040 --> 00:10:01,800
you guys do, but we should do 
more today. 

189
00:10:02,360 --> 00:10:06,720
And it's because there's so many
freaking people that play this 

190
00:10:06,720 --> 00:10:09,520
game that it just like it 
crashes. 

191
00:10:10,080 --> 00:10:12,640
And when it crashes, I want you 
to think about this. 

192
00:10:13,000 --> 00:10:16,880
When it crashes, it's because 
more than one person is playing 

193
00:10:16,880 --> 00:10:19,240
it at the exact same 
millisecond. 

194
00:10:19,560 --> 00:10:23,720
In No. 
Part in my mind, I think there 

195
00:10:23,720 --> 00:10:26,840
would be two people playing this
game in the same millisecond, 

196
00:10:26,840 --> 00:10:29,720
not the same second like you 
can't snap your fingers that 

197
00:10:29,720 --> 00:10:31,120
fast. 
You can't even snap your fingers

198
00:10:31,120 --> 00:10:35,360
coordinated that fast. 
But here we are and so I think 

199
00:10:35,360 --> 00:10:39,520
that we should play until we get
like at least more than 500 but.

200
00:10:39,680 --> 00:10:40,360
OK. 
All right. 

201
00:10:40,440 --> 00:10:43,280
Well, guys, as you know the 
deal, get your Lightning wallets

202
00:10:43,280 --> 00:10:47,440
ready first come, first serve. 
You get these sats, you got a 

203
00:10:47,440 --> 00:10:49,960
chance to win up to 1,000,000 
sats. 

204
00:10:50,440 --> 00:10:52,240
I know, I know. 
No, I'm like, I was going to 

205
00:10:52,240 --> 00:10:54,800
try, but I know Adam's rigging 
this to only he wins a million, 

206
00:10:54,800 --> 00:10:56,840
but he's not he's not. 
I'm just trolling. 

207
00:10:56,840 --> 00:10:57,600
I'm just trolling. 
I've. 

208
00:10:57,600 --> 00:10:59,840
Won a million sats like 7 times.
What are you guys? 

209
00:11:02,560 --> 00:11:04,800
OK, again, of course. 
Oh, wow. 

210
00:11:04,800 --> 00:11:08,200
There we go. 
All right, First come, first 

211
00:11:08,200 --> 00:11:11,720
serve, 21,000 sats. 
I think that's the highest we've

212
00:11:11,720 --> 00:11:14,480
gotten on the show before and 
now you know. 

213
00:11:15,080 --> 00:11:18,040
I hope Aaron James in the chat 
gets it because this guy's got 

214
00:11:18,040 --> 00:11:21,360
like some serious he's he's 
pretty butt hurt and doesn't 

215
00:11:21,360 --> 00:11:23,920
seem to like me. 
So I hope Aaron James, I hope 

216
00:11:23,920 --> 00:11:27,200
that you I hope that you get 
some free stats today, buddy. 

217
00:11:27,440 --> 00:11:30,840
And you know, you should just 
like just, you know, touch grass

218
00:11:30,840 --> 00:11:33,040
and and and be well, amigo, be 
well. 

219
00:11:33,200 --> 00:11:35,520
Everyone give Aaron James a nice
shout out in the chat. 

220
00:11:35,520 --> 00:11:37,760
Give him some love. 
He's having a bad day. 

221
00:11:38,320 --> 00:11:41,600
He thinks my stay at home life 
that mother's my four beautiful 

222
00:11:41,600 --> 00:11:44,560
children is lazy. 
He thinks I'm fake. 

223
00:11:44,800 --> 00:11:46,480
Wow, really having. 
A hard day. 

224
00:11:46,760 --> 00:11:50,440
Wow, OK, OK, I can't I can't 
follow the chat, but sheesh. 

225
00:11:50,440 --> 00:11:55,160
All right, guys, you guys just 
won 21,000 Sats love to see it. 

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00:11:55,320 --> 00:11:58,640
OK, let's get into the show 
because we do have a lot to talk

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00:11:58,640 --> 00:12:02,440
about today. 
Coin numbers. 

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00:12:05,320 --> 00:12:09,760
Man, that intro so quickly. 
Anyways, go to stampse-ed.com. 

229
00:12:09,760 --> 00:12:13,840
Make sure you are stamping your 
seed into titanium. 

230
00:12:13,840 --> 00:12:17,000
Do not leave your seed phrase on
a piece of paper. 

231
00:12:17,240 --> 00:12:19,600
How are you going to explain to 
your grandchildren they're going

232
00:12:19,600 --> 00:12:22,320
to be Grandpa Paul Azniko? 
He says why did you lose our 

233
00:12:22,320 --> 00:12:23,760
generational wealth? 
And you're going to be like, 

234
00:12:23,760 --> 00:12:28,040
because my dog ate my seed 
phrase and I wrecked ourselves. 

235
00:12:28,040 --> 00:12:32,320
Make sure you are securing your 
seed phrase for the long term. 

236
00:12:32,320 --> 00:12:36,040
Put it in something that is 
indestructible like titanium of 

237
00:12:36,040 --> 00:12:39,080
course, if you go to the site 
use promo code simply and you 

238
00:12:39,080 --> 00:12:43,320
get 15% off all right guys let's
get to the numbers I'm over here

239
00:12:43,320 --> 00:12:47,360
on Clark Moody's dashboard, of 
course, the legendary dashboard 

240
00:12:47,360 --> 00:12:49,960
and you know Nico's doing all 
the numbers, but I'm I'm I'm 

241
00:12:49,960 --> 00:12:52,880
just stealing my numbers to 
basically the only numbers 

242
00:12:52,880 --> 00:12:54,920
anyone cares about for for 
better or worse. 

243
00:12:54,920 --> 00:12:57,080
These are the only numbers I 
think you guys care about or 

244
00:12:57,080 --> 00:13:01,080
rather the average you know 
Bitcoin enjoyer that isn't a 

245
00:13:01,080 --> 00:13:04,960
hardened maximalist is probably 
just like I I just don't really 

246
00:13:04,960 --> 00:13:06,680
care about all these numbers. 
They probably don't even know 

247
00:13:06,680 --> 00:13:09,600
what most of these numbers are 
anyways the Bitcoin price shouts

248
00:13:09,600 --> 00:13:14,760
at the dentist and 58K gang is 
currently at $58,980 which means

249
00:13:14,760 --> 00:13:17,760
the SAT's per dollar which means
how much Bitcoin you can buy for

250
00:13:17,760 --> 00:13:23,360
a single dollar or the price of 
a dollar in Bitcoin is 1695 

251
00:13:23,360 --> 00:13:26,800
SAT's or for the bits Maxis I 
have I haven't stirred the pump 

252
00:13:27,800 --> 00:13:33,000
Maxis 169 bits and the block 
high I I would argue the most 

253
00:13:33,000 --> 00:13:36,040
important number in Bitcoin 
TikTok next block Bitcoin works 

254
00:13:36,040 --> 00:13:39,320
exactly as designed. 
Yes the Bitcoin price fluctuates

255
00:13:39,520 --> 00:13:42,720
but there is a new block roughly
every 10 minutes and we are 

256
00:13:42,720 --> 00:13:49,120
currently at 857,647. 
The market cap in Fiat terms, in

257
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dollar terms is $1.16 trillion 
and the Bitcoin risk gold market

258
00:13:53,360 --> 00:13:58,680
cap is only at 6.71% of the gold
market cap, which means there's 

259
00:13:58,680 --> 00:14:02,880
still a lot of room to run in 
the hard money gang. 

260
00:14:03,000 --> 00:14:06,320
All right, as I was telling you,
there is rumor mills going 

261
00:14:06,320 --> 00:14:08,480
around right now. 
And the reason I wanted to cover

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00:14:08,480 --> 00:14:10,840
this in the numbers because it 
really Tees up what we're going 

263
00:14:10,840 --> 00:14:12,800
to talk about with Sailor in the
news. 

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00:14:13,040 --> 00:14:17,840
And so there's been long, long 
hinted rumors that a lot of the 

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00:14:17,840 --> 00:14:21,080
things that Gary Gensler has 
been doing is to position 

266
00:14:21,080 --> 00:14:25,200
himself as becoming the next 
Treasury Secretary of the United

267
00:14:25,200 --> 00:14:27,840
States. 
Obviously, you remember what 

268
00:14:27,840 --> 00:14:31,840
Trump said at Bitcoin Nashville,
where he did the like, I'm going

269
00:14:31,840 --> 00:14:34,320
to fire Gary Ginsler. 
And everyone's like, yeah. 

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00:14:34,320 --> 00:14:35,880
And he's like, whoa, wait, you 
guys love that. 

271
00:14:35,880 --> 00:14:37,880
Like, OK, well, I'll say it 
again. 

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00:14:37,880 --> 00:14:41,040
I'm going to fire Gary Ginsler. 
And I was like, yeah, So you're 

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00:14:41,040 --> 00:14:44,960
seeing at least the rumors going
around and we will kind of dive 

274
00:14:44,960 --> 00:14:48,040
into the rumors a little bit. 
But potentially, or at least 

275
00:14:48,040 --> 00:14:50,000
this was going around. 
This is from Washington 

276
00:14:50,000 --> 00:14:54,880
Reporter, which technically is 
like a center right platform. 

277
00:14:55,120 --> 00:14:57,920
So we will dive into what that 
might mean. 

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00:14:58,160 --> 00:15:01,920
But apparently scoop Kamala 
Harris likely to nominate Gary 

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00:15:01,920 --> 00:15:06,560
Gensler as Treasury Secretary if
elected, says Senate sources. 

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00:15:06,560 --> 00:15:08,320
So here, let's dive in a little 
bit. 

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00:15:08,320 --> 00:15:10,760
And then I really want to read 
the Block article because I 

282
00:15:10,760 --> 00:15:13,520
think it adds a little more salt
to our rather the texture to 

283
00:15:13,520 --> 00:15:16,440
what we're talking about. 
While publicly the SEC Chairman 

284
00:15:16,440 --> 00:15:19,240
Gary Gensler hasn't expressed 
desire to leave his current 

285
00:15:19,240 --> 00:15:21,720
role, multiple senior Senate 
staffers are telling the 

286
00:15:21,720 --> 00:15:24,800
Washington Reporter that if Vice
President Kamala Harris wins in 

287
00:15:24,800 --> 00:15:28,120
November, she plans to nominate 
Gensler as her Treasury 

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00:15:28,120 --> 00:15:30,680
Secretary. 
Those rumors corroborated what 

289
00:15:30,680 --> 00:15:32,920
top Republicans have also told 
The Republic. 

290
00:15:33,080 --> 00:15:37,040
The Reporter on the record and 
in a report with interview with 

291
00:15:37,040 --> 00:15:40,800
Reporter Representative Tom 
Emmer previously warned that 

292
00:15:40,800 --> 00:15:44,680
Harris may pick Gensler or 
Senate Elizabeth Warren, which 

293
00:15:44,680 --> 00:15:46,720
we all know Warren stance on 
Bitcoin. 

294
00:15:46,720 --> 00:15:51,640
She's leading the anti crypto 
army, which of course, if these 

295
00:15:51,640 --> 00:15:54,840
rumors are true, would be 
detrimental to the Bitcoin 

296
00:15:54,840 --> 00:15:58,160
industry in the United States to
serve as a Treasury Secretary. 

297
00:15:58,400 --> 00:16:01,560
And like he says, you know, such
a move would be a disaster for 

298
00:16:01,560 --> 00:16:04,480
the economy. 
Gensler, Emmer said, has been 

299
00:16:04,480 --> 00:16:07,160
bringing lawsuits all over the 
place and losing all over the 

300
00:16:07,160 --> 00:16:10,160
place that times past. 
Gigi needs to move on. 

301
00:16:10,160 --> 00:16:13,600
His career in government should 
be over. 

302
00:16:14,240 --> 00:16:17,720
Okay, let's go into the block 
article and their coverage of 

303
00:16:17,720 --> 00:16:20,800
this. 
So most of this is basically the

304
00:16:20,800 --> 00:16:25,680
same the same coverage as the 
report, but there is, you know, 

305
00:16:25,680 --> 00:16:29,200
some speculation on whether this
is just rumors or whether this 

306
00:16:29,200 --> 00:16:33,760
is coming from the Republican 
camp to basically garner more of

307
00:16:33,760 --> 00:16:38,760
the pro crypto voter base. 
And so I think it's very, very 

308
00:16:38,760 --> 00:16:41,720
interesting. 
On the one hand, it does make 

309
00:16:41,760 --> 00:16:46,640
the Harris Walls administration 
not be very favorable for us 

310
00:16:46,640 --> 00:16:49,560
Bitcoiners and of course they're
buying for roughly around 50 

311
00:16:49,560 --> 00:16:54,480
million voters in the USAAKA. 
The amount of people in the US 

312
00:16:54,480 --> 00:16:57,520
holding Bitcoin, whether that 
Bitcoin in crypto, it's a huge 

313
00:16:57,520 --> 00:17:00,600
voter block. 
So there is some skepticism on 

314
00:17:00,600 --> 00:17:05,760
whether this report is real. 
Of course there is Caitlin Long 

315
00:17:05,760 --> 00:17:08,359
who says that this I'm skeptical
of this. 

316
00:17:08,960 --> 00:17:12,000
It could have this the rumor 
could have started and he was 

317
00:17:12,000 --> 00:17:14,839
considered for the cabinet 
position to mess with all of us.

318
00:17:15,240 --> 00:17:19,000
But again, also Bloomberg 
Intelligence Eric Balkanis. 

319
00:17:19,160 --> 00:17:22,079
I think this one might be the 
most telling said that I could 

320
00:17:22,079 --> 00:17:24,880
totally see this is made-up 
rumor if you are Republican and 

321
00:17:24,880 --> 00:17:26,720
you wanted to help shore up the 
crypto vote. 

322
00:17:26,839 --> 00:17:29,400
Hard to think of anything more 
powerful than giving people the 

323
00:17:29,400 --> 00:17:33,440
visual of Gensler having even 
more power if even if it's not 

324
00:17:33,440 --> 00:17:36,560
true, it's potent. 
So do we know? 

325
00:17:36,560 --> 00:17:39,600
No, this is just a rumor mill, 
but I think it's very 

326
00:17:39,600 --> 00:17:42,200
interesting to cover considering
what we're going to cover with 

327
00:17:42,200 --> 00:17:46,240
Saylor in the news that it's 
it's it's you know, I I hate to 

328
00:17:46,240 --> 00:17:47,960
do. 
There's no coincidence meme on 

329
00:17:47,960 --> 00:17:51,440
you guys, but it is very telling
that this news comes out at this

330
00:17:51,440 --> 00:17:55,880
time, considering that there is 
a very pro Bitcoin or pro crypto

331
00:17:55,880 --> 00:17:57,640
stance coming from the 
Republican Party. 

332
00:17:57,960 --> 00:18:02,880
And as much as there's been a 
push for a what Crypto for 

333
00:18:02,880 --> 00:18:07,320
Harris campaign, excuse me, and 
a lot of Democrats talking about

334
00:18:07,320 --> 00:18:10,680
like, look, we don't want to 
hamper the Bitcoin industry. 

335
00:18:10,800 --> 00:18:12,560
It has seemed like a lot of 
talk. 

336
00:18:12,680 --> 00:18:14,880
There's been a lot of things 
that we've covered on the show, 

337
00:18:14,880 --> 00:18:17,600
which makes us very skeptical of
anything coming out of the 

338
00:18:17,600 --> 00:18:19,600
Democrat Party in regards to 
Bitcoin. 

339
00:18:20,000 --> 00:18:23,840
And if this is true, of course, 
this would be another, another 

340
00:18:23,840 --> 00:18:28,600
very, very bad take from the 
Democrat Party in regards to 

341
00:18:28,600 --> 00:18:31,000
their view on Bitcoin and crypto
at large. 

342
00:18:31,000 --> 00:18:35,560
Obviously we're Bitcoiners, but 
the fact if this is true, that 

343
00:18:35,560 --> 00:18:38,320
would this would be horrible for
us in the United States. 

344
00:18:39,000 --> 00:18:42,840
There is been rumors for a long 
time that Gary Gensler has been 

345
00:18:42,840 --> 00:18:46,360
vying for that position. 
Nothing publicly has came out, 

346
00:18:46,560 --> 00:18:48,880
but I think it's very 
interesting to see this rumors 

347
00:18:48,880 --> 00:18:51,360
and and like Eric Volcano said, 
you know, Bloomberg 

348
00:18:51,360 --> 00:18:56,800
Intelligence, if this is a play 
of just stirring up stuff, it is

349
00:18:56,800 --> 00:19:00,320
it is a pretty potent move here 
because all of us bitcoiners are

350
00:19:00,320 --> 00:19:03,920
like, yo, Gary has not been good
to the Bitcoin industry. 

351
00:19:04,120 --> 00:19:06,480
He begrudgingly released the 
ETF. 

352
00:19:06,640 --> 00:19:08,520
He slow walked this whole 
movement. 

353
00:19:08,880 --> 00:19:12,280
And we also know he you know, he
he applied to work at Coindesk. 

354
00:19:12,440 --> 00:19:15,240
He did an MIT class on Bitcoin 
and blockchain. 

355
00:19:15,440 --> 00:19:17,240
Like he should know better than 
this. 

356
00:19:17,240 --> 00:19:20,760
And it's very telling, at least 
for us bitcoiners is like, OK, 

357
00:19:20,760 --> 00:19:23,120
who who are you playing cover 
for Gigi? 

358
00:19:23,120 --> 00:19:26,200
Like who is really pulling the 
strings right now? 

359
00:19:26,440 --> 00:19:29,440
Because if he understand 
Bitcoin, like his class, you 

360
00:19:29,440 --> 00:19:33,960
know, would seemingly represent,
he's not doing what's best for 

361
00:19:33,960 --> 00:19:36,400
Bitcoin or even the people he's 
supposed to be protecting. 

362
00:19:36,400 --> 00:19:38,440
Like he's not protecting 
investors. 

363
00:19:38,640 --> 00:19:42,000
He's he's actively, I would 
argue hurting investors. 

364
00:19:42,000 --> 00:19:44,920
But hey, you know, I'm biased. 
I'm a bitcoiner. 

365
00:19:44,920 --> 00:19:47,640
Anyways, Adam, what is your 
thoughts on this rumor mill? 

366
00:19:48,040 --> 00:19:51,600
Dude, we're seeing in real time 
this duopoly government 

367
00:19:51,600 --> 00:19:55,400
democracy system in the US play 
out horribly. 

368
00:19:55,560 --> 00:19:59,240
We're seeing Gary take a massive
bet throughout his career and 

369
00:19:59,240 --> 00:20:02,440
then now into like what is 
probably the late stages of his 

370
00:20:02,440 --> 00:20:04,680
career. 
We're seeing him gamble and bet 

371
00:20:04,680 --> 00:20:09,880
this legacy on the fact that 
more control, fewer people 

372
00:20:09,880 --> 00:20:13,560
controlling more people will be 
better for him politically. 

373
00:20:13,720 --> 00:20:18,840
And we've seen this throughout 
his time in with in the SEC. 

374
00:20:19,080 --> 00:20:21,760
We're seeing him on this crypto 
brigade. 

375
00:20:22,640 --> 00:20:25,720
And making it very, very hard 
for for Bitcoiners to do 

376
00:20:25,720 --> 00:20:29,080
Bitcoiner things. 
And I think it's just political 

377
00:20:29,080 --> 00:20:30,720
posturing. 
And this is the result of the 

378
00:20:30,720 --> 00:20:33,800
duopoly that we have. 
Even the rumor mill, even if 

379
00:20:33,800 --> 00:20:38,360
this is made-up, which I think 
it's quite likely that it is, it

380
00:20:38,360 --> 00:20:42,920
sucks that we as the citizens 
are in the dark about a country 

381
00:20:43,080 --> 00:20:46,720
that we are supposedly voting 
and supposed to be like, 

382
00:20:46,760 --> 00:20:49,920
informed upon. 
It's crazy to me that we have 

383
00:20:49,920 --> 00:20:53,160
this guise of freedom, this 
guise of power in our 

384
00:20:53,160 --> 00:20:55,560
democratic, constitutional 
society. 

385
00:20:55,760 --> 00:20:58,280
That just isn't true because 
there are rumors like this that 

386
00:20:58,280 --> 00:21:02,520
no one's confirming or denying 
and we have two sides of the 

387
00:21:02,520 --> 00:21:06,240
aisle only imagine, like, think 
about what happens in the world 

388
00:21:06,240 --> 00:21:08,960
when there are only two choices 
for anything. 

389
00:21:09,160 --> 00:21:12,040
If there were only two car 
manufacturers, cars would be 

390
00:21:12,040 --> 00:21:16,280
like 50 times more expensive and
like 80% worse if there were 

391
00:21:16,280 --> 00:21:19,720
only two phone manufacturers. 
Same thing for phones. 

392
00:21:19,720 --> 00:21:21,360
You know, we see what happens in
Big Pharma. 

393
00:21:21,360 --> 00:21:24,480
We see what happens in Big Food 
when we have duopolies. 

394
00:21:24,840 --> 00:21:29,200
Things get worse for the people.
Garry's playing the duopoly to 

395
00:21:29,200 --> 00:21:32,360
his favour, obviously. 
It's like immoral. 

396
00:21:32,640 --> 00:21:36,960
Opti and I were chatting before 
the show about like the the 

397
00:21:36,960 --> 00:21:40,520
recent scamming a scammer video 
that came out and talking about 

398
00:21:40,520 --> 00:21:45,680
how the world is like just moral
less and how it is right now in 

399
00:21:45,680 --> 00:21:49,160
this Fiat world. 
It is more high time preference 

400
00:21:49,160 --> 00:21:54,640
fruitful to be scamming people 
and Gary's embodying that and I 

401
00:21:54,680 --> 00:21:57,880
think that at the end of the day
ultimately will be the citizens 

402
00:21:57,880 --> 00:22:00,400
that suffer. 
I like what you said though. 

403
00:22:01,200 --> 00:22:04,280
Bitcoin is a political it 
actually doesn't really matter 

404
00:22:04,280 --> 00:22:08,720
which side of the aisle gets 
voted in, which color, what the 

405
00:22:08,720 --> 00:22:13,360
color of the tie is in November.
At the end of the day, all that 

406
00:22:13,360 --> 00:22:16,600
it means is you will have to 
pick up your stack and go 

407
00:22:16,600 --> 00:22:18,360
somewhere else. 
That's going to happen 

408
00:22:18,360 --> 00:22:21,320
eventually, either to you or 
your grandkids or your great 

409
00:22:21,320 --> 00:22:23,440
grandkids. 
Somewhere down your bloodline, 

410
00:22:23,560 --> 00:22:25,880
your country will become 
inhabitable. 

411
00:22:26,120 --> 00:22:30,400
All you can do is work hard, 
stack stacks and stay humble. 

412
00:22:30,560 --> 00:22:33,800
And I think that if we keep that
in mind, we can take a breath, 

413
00:22:33,920 --> 00:22:36,480
You know, the few months leading
up to November are going to be 

414
00:22:36,480 --> 00:22:41,160
more like entertainment news 
then like, holy smokes, my world

415
00:22:41,160 --> 00:22:42,800
is going to hell. 
And I don't know what to do. 

416
00:22:43,040 --> 00:22:47,000
And I think that that's an in 
lifting, you know optimistic 

417
00:22:47,200 --> 00:22:49,160
type of type of look to habit 
it. 

418
00:22:50,080 --> 00:22:54,800
Well, it is an election year 
here in the US and I, I did 

419
00:22:54,840 --> 00:22:56,720
wait, did you say the. 
US or the whole world? 

420
00:22:56,720 --> 00:22:57,720
Because it's kind of the same 
thing. 

421
00:22:58,000 --> 00:23:00,520
Yeah. 
What other countries are there? 

422
00:23:01,000 --> 00:23:04,440
I'm glad, I'm glad that you, as 
a Canadian, finally agree with 

423
00:23:04,440 --> 00:23:07,400
me that only the US matters. 
But you know, I'm trolling here.

424
00:23:07,400 --> 00:23:11,480
I'm trolling here. 
But no, I I did watch the DNC 

425
00:23:12,000 --> 00:23:16,320
platform last night and as you 
can tell it is an election year 

426
00:23:16,360 --> 00:23:18,280
and there is a lot of fear 
mongering. 

427
00:23:18,280 --> 00:23:20,920
And so I think it's very 
important to kind of double down

428
00:23:20,920 --> 00:23:23,880
on what you just said, which is 
like, once you understand 

429
00:23:23,880 --> 00:23:27,160
Bitcoin, once you find that 
Bitcoin Zen, like you don't have

430
00:23:27,160 --> 00:23:28,840
to worry about the fear 
mongering. 

431
00:23:28,840 --> 00:23:31,000
You're like, look, I'm 
protecting myself. 

432
00:23:31,000 --> 00:23:34,800
All I need to do is work hard 
saving Bitcoin and, and things 

433
00:23:34,800 --> 00:23:37,680
will work out. 
Obviously life is volatile. 

434
00:23:37,680 --> 00:23:39,120
We don't know what's going to 
happen in the future. 

435
00:23:39,120 --> 00:23:40,440
We can't predict what's going to
happen. 

436
00:23:40,680 --> 00:23:44,040
But what you can do is take 
action today, which is obviously

437
00:23:44,080 --> 00:23:46,560
saving Bitcoin, take it into 
custody, make sure you're 

438
00:23:46,560 --> 00:23:49,600
secure, make sure you're fit 
mentally, you know, unplug here 

439
00:23:49,600 --> 00:23:51,120
and there. 
They're like, these are the most

440
00:23:51,120 --> 00:23:53,440
important things to be doing 
exactly touch grass. 

441
00:23:53,440 --> 00:23:55,000
These are the most important 
things to be doing. 

442
00:23:55,280 --> 00:23:58,440
Anyway, before we get into the 
news, guys, there's about 1000 

443
00:23:58,440 --> 00:24:01,160
of you guys watching like 
subscribe, share this video. 

444
00:24:01,160 --> 00:24:05,160
It really helps us in the algos.
We got a whole packed show for 

445
00:24:05,160 --> 00:24:07,040
you guys. 
So let's get into the news for 

446
00:24:07,040 --> 00:24:14,880
today, the Daily News. 
I want to give a shout out to 

447
00:24:14,880 --> 00:24:19,240
our sponsor Foundation Devices. 
It's self custody done right. 

448
00:24:19,240 --> 00:24:22,840
They built a premium grade 
hardware wallet called Passport 

449
00:24:23,000 --> 00:24:25,880
right here in the US. 
It's fully open source and 

450
00:24:25,880 --> 00:24:28,560
verifiable. 
It's the most intuitive Bitcoin 

451
00:24:28,560 --> 00:24:32,440
wallet designed with the UX 
reminiscent of a simple feature 

452
00:24:32,440 --> 00:24:35,280
phone, so you will know how to 
navigate it and use it the 

453
00:24:35,280 --> 00:24:38,600
moment you pick it up. 
Get your Bitcoin off exchanges 

454
00:24:38,600 --> 00:24:41,320
and into your into your own 
hands in just a few minutes. 

455
00:24:41,320 --> 00:24:44,360
Experience the Peace of Mind 
that comes with taking ownership

456
00:24:44,440 --> 00:24:47,360
of your own keys. 
After a massive sellout during 

457
00:24:47,400 --> 00:24:51,360
Bitcoin Miami 2023, the Passport
is back in stock at 

458
00:24:51,360 --> 00:24:55,080
foundationdevices.com. 
Bitcoin only open source, 

459
00:24:55,080 --> 00:24:59,040
verifiable, completely air gap 
security model, gorgeous design 

460
00:24:59,040 --> 00:25:02,400
craft premium grade materials. 
If you're thinking about getting

461
00:25:02,400 --> 00:25:05,240
your Bitcoin off exchanges, this
is the one for you. 

462
00:25:05,480 --> 00:25:08,640
Check out the Passport link link
in the show notes below to learn

463
00:25:08,640 --> 00:25:13,240
more do not think about it take 
it off an exchange. 

464
00:25:13,280 --> 00:25:18,200
This is the way or or you know 
use Bitcoin well and it's never 

465
00:25:18,200 --> 00:25:20,080
on an exchange. 
You know there there there's 

466
00:25:20,080 --> 00:25:22,960
trade-offs here, but definitely 
get yourself a passport by 

467
00:25:22,960 --> 00:25:26,640
foundation use a promo code 
simply all right guys, So as I 

468
00:25:26,640 --> 00:25:29,960
was telling you, we got this 
clip coming out from sailor. 

469
00:25:29,960 --> 00:25:33,800
It looks like a fireside chat. 
This wasn't on the mainstage. 

470
00:25:34,000 --> 00:25:36,640
This looks like it might have 
been some kind of off. 

471
00:25:36,840 --> 00:25:38,920
That was this one. 
This was backstage, yeah. 

472
00:25:38,920 --> 00:25:42,200
It was a backstage 1. 
Yeah, yeah, him and and RFK went

473
00:25:42,200 --> 00:25:43,680
backstage too, which was super 
sick. 

474
00:25:43,920 --> 00:25:47,360
Yeah, so we finally got this on 
Twitter, which was, you know, a 

475
00:25:47,360 --> 00:25:49,600
backstage fireside chat with 
Sailor. 

476
00:25:49,760 --> 00:25:52,720
It finally hit the the 
Twitterverse and we've been 

477
00:25:52,720 --> 00:25:56,040
covering this for a while about 
what needs to happen for Bitcoin

478
00:25:56,280 --> 00:26:00,360
to really be unleashed for, for 
Bitcoin to really mature and be 

479
00:26:00,360 --> 00:26:03,480
looked at as a, you know, quote,
UN quote legitimate asset in the

480
00:26:03,480 --> 00:26:05,680
eyes of everyone on planet 
Earth. 

481
00:26:06,000 --> 00:26:10,120
And so first of all, guys, I did
clip this because it's a six, 

482
00:26:10,120 --> 00:26:13,440
you know, almost 7 minute clip. 
So I, I shortened it, I 

483
00:26:13,440 --> 00:26:15,560
truncated it. 
But if you want the whole clip, 

484
00:26:15,560 --> 00:26:18,360
go to our Twitter account. 
Of course, simply Bitcoin TV. 

485
00:26:18,680 --> 00:26:22,560
It I did, you know, I, I had to 
clip it and I had to speed it up

486
00:26:22,560 --> 00:26:26,120
to 1.25. 
So, you know it, it's not too 

487
00:26:26,120 --> 00:26:29,520
fast, but you'll get the, you'll
get the, you'll get most of the 

488
00:26:29,520 --> 00:26:31,720
message. 
But there is some stuff and some

489
00:26:31,720 --> 00:26:34,800
signal in this that that I did 
have to drop out just in, in, 

490
00:26:35,040 --> 00:26:37,680
you know, got. 
That that Gen. 

491
00:26:37,680 --> 00:26:41,040
Z brain that can't handle the. 
No, no, it, it, it's, it's 

492
00:26:41,040 --> 00:26:43,680
really more for the show and I 
think it's for like copyright 

493
00:26:43,680 --> 00:26:45,560
things on YouTube. 
You know, there's, there's 

494
00:26:45,560 --> 00:26:47,320
there's parameters we're working
in here. 

495
00:26:47,440 --> 00:26:49,720
So I got the bulk of this, but 
let's just touch on this and 

496
00:26:49,720 --> 00:26:51,760
then we'll kind of cover some 
other news that's happening. 

497
00:26:54,760 --> 00:26:57,920
I take that coin out by 100 X 
from where it is today. 

498
00:26:58,080 --> 00:27:03,400
The first thing is to legitimize
and accept and endorse it as an 

499
00:27:03,400 --> 00:27:08,120
institutional grade asset. 
So, so fair regulation of the 

500
00:27:08,120 --> 00:27:10,160
asset itself in the securities 
industry. 

501
00:27:10,600 --> 00:27:14,080
And in January we got the first 
installment of that with the 

502
00:27:14,080 --> 00:27:15,760
approval of the Spot Bitcoin 
ETF. 

503
00:27:16,320 --> 00:27:20,560
But it was an incomplete, an 
incomplete regulation because 

504
00:27:21,040 --> 00:27:27,680
the SEC still denies in kind 
creation of ETF shares and the 

505
00:27:27,800 --> 00:27:32,400
the SEC still denies the ability
to trade options on top of spot 

506
00:27:32,400 --> 00:27:36,040
Bitcoin ETF shares. 
And the acceptance was given 

507
00:27:36,040 --> 00:27:39,440
grudgingly, you know, out, you 
know, it was basically, I did it

508
00:27:39,440 --> 00:27:41,760
because I had to do it, but I 
didn't like it. 

509
00:27:41,880 --> 00:27:45,440
OK, so, so what's the 
significance of that? 

510
00:27:45,920 --> 00:27:49,160
The negative opinion expressed 
when it when the approval came 

511
00:27:49,240 --> 00:27:52,200
that sits as a shadow over a lot
of mainstream investors. 

512
00:27:52,400 --> 00:27:55,000
We need to flip from a negative 
opinion to at least a neutral 

513
00:27:55,000 --> 00:27:56,120
opinion. 
Like why? 

514
00:27:56,360 --> 00:27:59,640
Why is it that a federal 
regulator isn't expressing an 

515
00:27:59,640 --> 00:28:02,800
opinion that this asset is good 
or bad versus that asset? 

516
00:28:02,800 --> 00:28:04,720
So, so I think that that's got 
to change. 

517
00:28:04,720 --> 00:28:07,680
Still, the 2nd plank is fair 
accounting. 

518
00:28:07,800 --> 00:28:11,280
If I wanted to keep you from 
buying anything, I would 

519
00:28:11,280 --> 00:28:14,280
establish an accounting rule 
that said you can only lose 

520
00:28:14,280 --> 00:28:16,640
money on the trade, but you can 
never make money. 

521
00:28:17,000 --> 00:28:18,400
And, and that's a one way 
ratchet. 

522
00:28:18,400 --> 00:28:20,480
If I actually set up an 
accounting system where you, you

523
00:28:20,480 --> 00:28:23,280
always lose, you never win. 
And if you win, you have to act 

524
00:28:23,280 --> 00:28:26,280
like you lost. 
And then if you lose again, you 

525
00:28:26,280 --> 00:28:29,560
can win 99 times, but the 100th 
time you lose, you report one 

526
00:28:29,560 --> 00:28:32,440
loss, no wins. 
OK, That's just prejudicial and 

527
00:28:32,440 --> 00:28:33,480
hostile. 
OK. 

528
00:28:33,480 --> 00:28:37,000
So indefinite intangible 
accounting allows you to lose 

529
00:28:37,000 --> 00:28:39,320
but not win. 
And it's the kind of accounting 

530
00:28:39,320 --> 00:28:41,840
you give to things you don't 
want people to buy. 

531
00:28:42,720 --> 00:28:44,920
And so fair accounting was 
critical. 

532
00:28:44,920 --> 00:28:47,280
And this January, it became 
optional. 

533
00:28:48,160 --> 00:28:50,600
And next January, it will be 
mandatory. 

534
00:28:51,080 --> 00:28:53,520
And so that's the that's a big 
step forward. 

535
00:28:54,280 --> 00:29:00,640
And then the third, the third is
we if, if individuals aren't 

536
00:29:00,640 --> 00:29:03,720
allowed to self custody, that's 
hostile to Bitcoin. 

537
00:29:03,720 --> 00:29:06,480
If I passed the law saying you 
can't custody, that's that's an 

538
00:29:06,480 --> 00:29:09,760
attack on Bitcoin. 
If companies can't self custody,

539
00:29:10,200 --> 00:29:14,240
that's an attack on Bitcoin. 
If if I had a company whose job 

540
00:29:14,240 --> 00:29:17,720
was to provide to sell custody 
services to institutions, if I 

541
00:29:17,720 --> 00:29:20,880
provided custody to Yale 
Endowment or to a big hedge 

542
00:29:20,880 --> 00:29:23,920
fund, and then if the government
had a law that made it illegal 

543
00:29:23,920 --> 00:29:27,360
for the custodian to provide 
custody for your asset, that's 

544
00:29:27,360 --> 00:29:31,040
hostile. 
So right now, Saab 121 is a rule

545
00:29:31,040 --> 00:29:34,320
that basically makes it 
impossible for a bank to custody

546
00:29:34,320 --> 00:29:36,400
Bitcoin. 
And the right way to look at it 

547
00:29:36,400 --> 00:29:39,520
is, well, that's basically a 
regulation preventing companies 

548
00:29:39,520 --> 00:29:41,600
that went to custody from 
custody. 

549
00:29:42,040 --> 00:29:45,720
And so the result of that is you
have basically the government 

550
00:29:45,720 --> 00:29:49,600
saying, I guess you can buy the 
ETF, but the ETF is not allowed 

551
00:29:49,600 --> 00:29:52,840
to use their bank to custody the
Bitcoin and they can only use a 

552
00:29:52,840 --> 00:29:55,480
crypto exchange to custody the 
Bitcoin and we're going to sue 

553
00:29:55,480 --> 00:29:58,120
the crypto exchange. 
And so when you have the 

554
00:29:58,120 --> 00:30:00,960
government hostile to the crypto
custodian, hostile to the banks,

555
00:30:00,960 --> 00:30:04,480
hostile to the institutional 
custodian, you're kind of you're

556
00:30:04,480 --> 00:30:08,360
undermining the ETF industry and
you're undermining the asset. 

557
00:30:08,920 --> 00:30:14,080
So the Third Point is we just 
need for the SEC, the OCC, the 

558
00:30:14,080 --> 00:30:18,320
FDIC to allow banks like JP 
Morgan and Citigroup and 

559
00:30:18,320 --> 00:30:19,640
Goldman. 
But by the way, you might like 

560
00:30:19,640 --> 00:30:22,040
not like JP Morgan because of 
what the CEO has said. 

561
00:30:22,320 --> 00:30:25,520
But let me guarantee you that 
within a year or two years of 

562
00:30:25,520 --> 00:30:29,000
when it's possible to custody 
Bitcoin, JP Morgan will start a 

563
00:30:29,000 --> 00:30:31,120
process to do that. 
And within four years, they'll 

564
00:30:31,120 --> 00:30:34,400
be custodying Bitcoin because 
it's money and that's what they 

565
00:30:34,400 --> 00:30:37,640
do. 
Love it, love it. 

566
00:30:37,800 --> 00:30:40,000
All right, so just kind of 
recapping some of this stuff, 

567
00:30:40,000 --> 00:30:44,720
guys, as we know, you know, the 
Bitcoin ETF approval was a big 

568
00:30:44,720 --> 00:30:48,280
deal for Bitcoin, even though it
seems like the price has just 

569
00:30:48,280 --> 00:30:51,000
been going sideways and everyone
that's watching the Bitcoin 

570
00:30:51,000 --> 00:30:52,880
price is like, why are we 
crabbing? 

571
00:30:52,880 --> 00:30:55,960
You know, shouldn't we be at 
100K or a million Bitcoin right 

572
00:30:55,960 --> 00:30:58,520
now? 
Well, again, as I've been saying

573
00:30:58,520 --> 00:31:01,600
for a while on the show, once 
you understand even some just 

574
00:31:01,600 --> 00:31:04,560
basic mechanisms of how the 
traditional financial world 

575
00:31:04,560 --> 00:31:07,400
works, they don't, they don't 
move as quickly and 

576
00:31:07,400 --> 00:31:11,720
legitimization comes slowly in 
regards to what everyone's 

577
00:31:11,720 --> 00:31:14,360
talking about at these 
institutional asset manager 

578
00:31:14,360 --> 00:31:16,360
offices. 
But we're getting to that point 

579
00:31:16,360 --> 00:31:18,680
now as we've been covering, 
there's been pension funds, 

580
00:31:18,880 --> 00:31:22,360
there's central banks around the
world, there's corporations that

581
00:31:22,360 --> 00:31:25,280
are taking Bitcoin into custody 
or rather adding Bitcoin to the 

582
00:31:25,280 --> 00:31:27,400
balance sheet or rather just the
ETF. 

583
00:31:27,920 --> 00:31:30,680
There's retail. 
I would not argue we're at 

584
00:31:30,680 --> 00:31:33,600
retail FOMO yet, but there's 
more interest in retail. 

585
00:31:34,520 --> 00:31:36,360
The corporate press is talking 
about Bitcoin. 

586
00:31:36,560 --> 00:31:39,680
You're seeing that there is a 
perfect storm building up right 

587
00:31:39,680 --> 00:31:43,360
now in regards to quote UN quote
legitimizing Bitcoin. 

588
00:31:43,360 --> 00:31:47,000
So as the first point was, you 
know, we're probably, as Sailor 

589
00:31:47,000 --> 00:31:50,240
said, if you watch the whole 
clip, like at 75% of the 

590
00:31:50,240 --> 00:31:53,440
legitimization of Bitcoin as an 
institutional asset. 

591
00:31:53,600 --> 00:31:56,600
The second point is he's talking
about the Fazbee ruling, which 

592
00:31:56,600 --> 00:32:01,240
change at the very end of last 
year and was optional as Sailor 

593
00:32:01,240 --> 00:32:03,400
was saying in the January of 
this year. 

594
00:32:03,560 --> 00:32:07,480
It's going to be the de facto 
rules going into January of next

595
00:32:07,480 --> 00:32:09,760
year, which basically means 
there's going to be floodgates 

596
00:32:09,760 --> 00:32:12,680
opening up into Bitcoin. 
And then once, as Taylor was 

597
00:32:12,680 --> 00:32:18,080
saying, once we get basically 
these corporations of claiming 

598
00:32:18,280 --> 00:32:23,800
mega $1,000,000 bullish positive
results on their balance sheet, 

599
00:32:23,800 --> 00:32:26,640
that signal is going to permeate
and more people are going to 

600
00:32:26,640 --> 00:32:28,640
wake up to this. 
And of course, as we've been 

601
00:32:28,640 --> 00:32:32,080
covering on the show all of last
year, or rather the end of last 

602
00:32:32,080 --> 00:32:34,440
year and the beginning of this 
year, basically all of this 

603
00:32:34,440 --> 00:32:37,960
year, we've been covering these 
constant attacks from the Biden 

604
00:32:37,960 --> 00:32:40,080
administration on Bitcoin. 
We've been covering Elizabeth 

605
00:32:40,080 --> 00:32:42,120
Warren's anti crypto army 
rhetoric. 

606
00:32:42,320 --> 00:32:45,160
Basically, remember what they 
were talking about taking your 

607
00:32:45,160 --> 00:32:47,560
Bitcoin into custody, you know, 
self hosted wallets and how 

608
00:32:47,560 --> 00:32:50,320
they're trying to demonize the 
whole industry and how they're 

609
00:32:50,320 --> 00:32:53,240
saying, oh, this is so bad and 
we can't allow this because of 

610
00:32:53,240 --> 00:32:56,280
my financial terrorism and you 
know, my money laundering and 

611
00:32:56,280 --> 00:32:58,760
all this stuff. 
Well, that has stopped these 

612
00:32:58,760 --> 00:33:01,160
corporations from adding Bitcoin
to the balance sheet. 

613
00:33:01,320 --> 00:33:04,720
If you understand any of the 
mechanisms that Sailor had to do

614
00:33:04,720 --> 00:33:07,560
for micro strategy to add 
Bitcoin on its balance sheet. 

615
00:33:07,800 --> 00:33:10,600
They had to go through so many 
obstacles, so many hoops to just

616
00:33:10,600 --> 00:33:13,360
make it happen that most 
companies don't have the time to

617
00:33:13,360 --> 00:33:17,120
do that unless they are, you 
know, a full blown Bitcoin maxi 

618
00:33:17,120 --> 00:33:19,320
like Sailor. 
Well, now we're having 

619
00:33:19,320 --> 00:33:22,920
basically, except for the last 
one, all of these things are 

620
00:33:22,920 --> 00:33:25,360
playing out into a perfect 
storm, hence why I really wanted

621
00:33:25,360 --> 00:33:28,280
to cover that rumor of Gary 
Gensler potentially at least 

622
00:33:28,280 --> 00:33:32,320
being rumored to be the Treasury
Secretary in the Harris 

623
00:33:32,320 --> 00:33:36,000
administration. 
If this plays out, then that 

624
00:33:36,000 --> 00:33:40,160
last Third Point is going to be 
an even more uphill battle. 

625
00:33:40,480 --> 00:33:43,400
If Trump gets in the office and 
actually follows through on what

626
00:33:43,400 --> 00:33:47,120
he says and fires Gary Gensler, 
hopefully he's not going to, you

627
00:33:47,120 --> 00:33:50,360
know, add him for Treasury 
Secretary, which means that we 

628
00:33:50,600 --> 00:33:55,600
potentially should have very, 
very favorable industry for 

629
00:33:55,600 --> 00:33:58,760
Bitcoin in the US, which is a 
very bullish thing. 

630
00:33:58,760 --> 00:34:02,760
Either way, you can take the the
Harris administration is more of

631
00:34:02,760 --> 00:34:05,520
an acceleration. 
If you hear like either way, the

632
00:34:05,520 --> 00:34:09,199
politicians doesn't matter. 
Bitcoin will succeed, but we 

633
00:34:09,199 --> 00:34:12,719
might have an acceleration camp 
of four more years with Harris 

634
00:34:12,719 --> 00:34:16,159
or we might get some favorable 
cover with Trump as or the 

635
00:34:16,159 --> 00:34:19,280
Republican Party getting power 
in the US. 

636
00:34:19,560 --> 00:34:22,400
But all of these things are 
playing out in real time. 

637
00:34:22,600 --> 00:34:24,679
And these three things, as 
Taylor was saying, are going to 

638
00:34:24,679 --> 00:34:29,760
take us to 100K Bitcoin, or 
rather sorry, 100 X jump from 

639
00:34:29,760 --> 00:34:34,280
here to what's that, 5.8 million
Bitcoin or something. 

640
00:34:34,639 --> 00:34:36,840
I don't .8 million, yeah. 
Exactly. 

641
00:34:36,880 --> 00:34:39,400
We we, we don't have a time 
frame on this. 

642
00:34:39,639 --> 00:34:43,239
But as we know, as the memes go,
it's going up forever. 

643
00:34:43,239 --> 00:34:47,760
Laura, 21 million Bitcoin hard 
cap money with, you know, 

644
00:34:47,760 --> 00:34:50,199
everything divided by 21 
million. 

645
00:34:50,520 --> 00:34:52,360
There's only one way that 
Bitcoin can go. 

646
00:34:52,360 --> 00:34:55,639
As we all say all the time. 
It's either going to 0 or it's 

647
00:34:55,639 --> 00:34:57,920
going into the millions. 
Do we know when that's going to 

648
00:34:57,920 --> 00:34:59,120
happen? 
Is it going to be 4 years from 

649
00:34:59,120 --> 00:35:00,480
now? 
Most likely not. 

650
00:35:00,480 --> 00:35:03,720
But like, if you're young like 
us, you got enough time to just 

651
00:35:03,720 --> 00:35:06,480
stack as much Bitcoin as 
possible. 

652
00:35:06,760 --> 00:35:09,320
It's going up for a long, long 
time. 

653
00:35:09,520 --> 00:35:10,960
Anyways, Adam, jump in here. 
What? 

654
00:35:10,960 --> 00:35:14,720
What's your thoughts on this? 
Matters not to Bitcoin, only 

655
00:35:14,720 --> 00:35:19,240
matters to the USAI. 
Don't think that I can emphasize

656
00:35:19,240 --> 00:35:23,640
enough that the reason Bitcoin 
is not 100 X yet is just because

657
00:35:23,640 --> 00:35:26,440
it's not like the stock to flow 
hasn't hasn't said it. 

658
00:35:26,800 --> 00:35:30,960
To be, well, maxi. 
I'm not stuck to flow Maxi, but 

659
00:35:31,160 --> 00:35:34,440
I do think that Bitcoin will do 
what Bitcoin does regardless of 

660
00:35:34,440 --> 00:35:36,800
political policy or inflows or 
whatever. 

661
00:35:37,080 --> 00:35:42,120
It's all about the base supply 
and demand economics of Bitcoin.

662
00:35:42,440 --> 00:35:45,760
The demand has increased whilst 
the supply is decreasing. 

663
00:35:45,760 --> 00:35:47,640
When we're talking about like, 
what is Bitcoin? 

664
00:35:47,640 --> 00:35:52,160
The, the, what is it the eighth 
most valuable asset in the world

665
00:35:52,160 --> 00:35:55,400
at this point when we're talking
about an asset of that size, 

666
00:35:55,440 --> 00:35:59,280
like frankly, and this is going 
to be shocking for Opti and all 

667
00:35:59,360 --> 00:36:03,600
the Americans in the chat, your 
country doing ETFs doesn't 

668
00:36:03,600 --> 00:36:05,920
matter that much. 
Facts. 

669
00:36:07,200 --> 00:36:10,320
We've got, you know, Metaplanet 
adding a bunch of stuff in 

670
00:36:10,320 --> 00:36:12,360
Japan. 
Like no one's wondering in 

671
00:36:12,360 --> 00:36:14,160
Japan. 
Like, whoa, what's going on? 

672
00:36:14,160 --> 00:36:16,760
We have one public company 
pumping their bags full of 

673
00:36:16,760 --> 00:36:18,760
Bitcoin. 
Why isn't Bitcoin mooning? 

674
00:36:18,760 --> 00:36:21,000
It's like, yeah, because your 
company doesn't matter that 

675
00:36:21,000 --> 00:36:23,000
much, because your government 
doesn't matter that much. 

676
00:36:23,000 --> 00:36:25,720
Because, you know, a couple of 
like we got what what is it? 

677
00:36:25,720 --> 00:36:27,560
Bitcoin treasuries.net or 
whatever that website is. 

678
00:36:27,560 --> 00:36:30,360
There's like a couple 100 
companies that own Bitcoin. 

679
00:36:30,560 --> 00:36:32,840
That doesn't matter. 
Think about the big scheme. 

680
00:36:32,840 --> 00:36:37,760
Think about how big and giant 
the world is, how massive the 

681
00:36:37,760 --> 00:36:42,720
world economy is, how massive 
world assets are and world 

682
00:36:42,720 --> 00:36:45,720
markets are. 
And you realize just how small 

683
00:36:45,840 --> 00:36:49,280
these like micro decisions, 
while they're massive inside of 

684
00:36:49,280 --> 00:36:53,160
our Bitcoin echo chamber and 
inside of the Bitcoin bubble 

685
00:36:53,320 --> 00:36:56,120
that exists like on this little 
tiny continent here. 

686
00:36:57,160 --> 00:36:59,720
Let's like zoom out a bit guys 
and understand that Bitcoin is 

687
00:36:59,720 --> 00:37:03,320
going to do whatever Bitcoin 
does because it's Bitcoin and 

688
00:37:03,320 --> 00:37:06,640
it's rules, but no rulers. 
And when we try to install 

689
00:37:06,640 --> 00:37:09,680
rulers, you know, whether it be 
Sailor or whether it be Gary or 

690
00:37:09,680 --> 00:37:13,800
whether it be Kamala or Trump or
RFK or politicians or, you know,

691
00:37:14,000 --> 00:37:16,960
any other person, rulers don't 
matter. 

692
00:37:17,040 --> 00:37:21,080
Bitcoin doesn't care about your 
ruler and it only cares about 

693
00:37:21,080 --> 00:37:22,840
the rules. 
And the rules dictate that 

694
00:37:22,840 --> 00:37:27,000
Bitcoin is going to increase at 
a gradual basis from here until 

695
00:37:27,000 --> 00:37:29,520
the end of time. 
As long as human beings produce 

696
00:37:29,520 --> 00:37:32,800
value and as long as that value 
needs to be stored and locked in

697
00:37:32,800 --> 00:37:35,800
a protocol, Bitcoin will 
increase in purchasing power. 

698
00:37:36,040 --> 00:37:39,880
And I hope, I hope we get to a 
point where Bitcoin doesn't 

699
00:37:40,120 --> 00:37:42,880
increase in purchasing power 
because it'll mean the guise of 

700
00:37:42,880 --> 00:37:45,880
inflation will mean the lies and
the theft of inflation have 

701
00:37:45,880 --> 00:37:49,040
disappeared and the world is 
just acting in a symbiotic 

702
00:37:49,240 --> 00:37:51,720
healthy relationship with its 
people. 

703
00:37:51,880 --> 00:37:55,040
And I think that that's like the
most beautiful outlook we can we

704
00:37:55,040 --> 00:37:57,080
can search for hundreds of years
from now. 

705
00:37:57,800 --> 00:38:02,200
In the meantime, Bitcoin going 
up means pain and suffering to 

706
00:38:02,200 --> 00:38:04,400
all of the normies, all of the 
people that don't have any 

707
00:38:04,400 --> 00:38:06,560
stacks yet. 
Let's put our efforts instead of

708
00:38:06,560 --> 00:38:10,520
whining about 58 K, put our 
efforts towards, you know, 

709
00:38:10,600 --> 00:38:14,040
getting people off 0 getting 
them stats in self custody, 

710
00:38:14,040 --> 00:38:17,360
because I agree with Saylor, You
know, attacking self custody is 

711
00:38:17,360 --> 00:38:19,480
an attack on Bitcoin. 
It's an attack on freedom, but 

712
00:38:19,480 --> 00:38:21,800
it's an attack on the people. 
I think I saw in the chat 

713
00:38:21,800 --> 00:38:24,760
someone said it's a it's a 
declaration of war on the 

714
00:38:24,760 --> 00:38:26,720
people. 
Like in what world does it make 

715
00:38:26,720 --> 00:38:31,400
sense to say you can own an 
asset but you can't hold the 

716
00:38:31,400 --> 00:38:32,800
asset? 
Like this is like this is 

717
00:38:32,800 --> 00:38:37,440
slavery type of mantra. 
And we have to work hard to make

718
00:38:37,440 --> 00:38:39,240
sure that people understand how 
to self custody. 

719
00:38:39,240 --> 00:38:41,040
Like I run a self custody 
business. 

720
00:38:41,320 --> 00:38:44,240
It's hard. 
Lots of people do not understand

721
00:38:44,240 --> 00:38:47,680
the benefits of self custody yet
we got a lot of work to do. 

722
00:38:47,680 --> 00:38:49,760
This is why I don't like the 
acceleration is camp because 

723
00:38:49,760 --> 00:38:52,240
it's like we have so much work 
to do. 

724
00:38:52,240 --> 00:38:56,600
Walk outside, go to your barista
and ask her, Hey, have you 

725
00:38:56,600 --> 00:38:59,640
secured your seed phrase 
properly? 

726
00:39:00,000 --> 00:39:04,240
And she'll look at you like what
I own some ETH in in a coin base

727
00:39:04,240 --> 00:39:06,320
account. 
It's like we got a long way to 

728
00:39:06,320 --> 00:39:10,640
go before we got a globe and A 
and a lot of people across the 

729
00:39:10,640 --> 00:39:14,960
entire world buying Bitcoin. 
Only when that happens will 

730
00:39:14,960 --> 00:39:19,160
Bitcoin like functionally and 
and properly moon. 

731
00:39:19,440 --> 00:39:24,160
So I think that yeah, as far as 
I'm concerned, I love 58K gang, 

732
00:39:25,120 --> 00:39:31,600
the chap stack, cheap sats AT58K
gang and knowing that hopefully 

733
00:39:31,600 --> 00:39:35,440
my grandchildren benefit from 
58,000,000 gang or 5.8 million 

734
00:39:35,440 --> 00:39:38,320
gang or whatever it is. 
But like guys, I also remember 

735
00:39:38,320 --> 00:39:41,520
$58 gang and I remember like 580
gang. 

736
00:39:41,520 --> 00:39:45,920
I'm like dude, Bitcoin sat at 
273 Canadian dollars for months.

737
00:39:45,920 --> 00:39:52,240
273, not 272 and not 274. 
It was $273 for months. 

738
00:39:52,560 --> 00:39:54,760
And I had this same thought. 
It was like the meme, right? 

739
00:39:54,760 --> 00:39:57,120
Like poke it, do something like 
what are you doing? 

740
00:39:57,280 --> 00:39:59,480
Be volatile, be fun, be 
exciting. 

741
00:39:59,640 --> 00:40:02,120
Like dopamine, please. 
I need some dopamine from green 

742
00:40:02,120 --> 00:40:04,400
charts. 
It's like when you remove that 

743
00:40:04,400 --> 00:40:07,720
from your Bitcoin strategy and 
it's just like, stack what you 

744
00:40:07,720 --> 00:40:11,960
can spend less than you stack. 
The charts don't matter so much,

745
00:40:12,040 --> 00:40:15,200
you know, and you get to breathe
a little bit easier. 100% I 

746
00:40:15,200 --> 00:40:19,800
mean, boring in Bitcoin is good 
like as much as we do talk about

747
00:40:19,800 --> 00:40:21,440
like, oh man, why isn't the 
price dude? 

748
00:40:21,440 --> 00:40:24,120
You know, we all want the 
dopamine, but as we say all the 

749
00:40:24,120 --> 00:40:27,840
time, you know, Bitcoin is the 
stable coin and it's at once it 

750
00:40:27,840 --> 00:40:30,200
goes sideways. 
You know, one day it will 

751
00:40:30,200 --> 00:40:32,920
probably get to this point. 
Obviously it won't be at 58 K as

752
00:40:32,920 --> 00:40:35,320
far as we're concerned, but at a
certain point, there will be a 

753
00:40:35,320 --> 00:40:39,520
time where Bitcoin only really 
increases by what total world 

754
00:40:39,520 --> 00:40:42,960
GDP of our output of the world 
and it'll pretty much be stable 

755
00:40:42,960 --> 00:40:45,480
at that point. 
And This is why we are super 

756
00:40:45,480 --> 00:40:47,000
early. 
And then I really want to circle

757
00:40:47,000 --> 00:40:50,800
back a little bit because there,
there is something that I wanted

758
00:40:50,800 --> 00:40:53,000
to say and I'm, I might have, 
I'm blanking if I said it or 

759
00:40:53,000 --> 00:40:53,920
not. 
I'm going to say it now. 

760
00:40:53,920 --> 00:40:57,400
Anyways, in the, in the very 
beginning when I played that 

761
00:40:57,400 --> 00:41:00,840
Jack Mahler's clip and he was 
kind of talking about inflation 

762
00:41:00,840 --> 00:41:04,400
for, you know, in terms of 
Taylor Swift tickets, like it's,

763
00:41:04,400 --> 00:41:07,320
it's becoming very clear. 
I, I definitely did say, but I'm

764
00:41:07,320 --> 00:41:09,600
going to reiterate, it's 
becoming very clear, at least to

765
00:41:09,600 --> 00:41:12,560
the average population, that 
they either don't care about 

766
00:41:12,560 --> 00:41:15,200
inflation or they don't 
understand, understand that 

767
00:41:15,200 --> 00:41:17,720
inflation is happening. 
And it really goes to what you 

768
00:41:17,720 --> 00:41:21,160
were saying as well in regards 
to Bitcoin that like most people

769
00:41:21,160 --> 00:41:23,720
still have no idea what Bitcoin 
is. 

770
00:41:23,720 --> 00:41:25,600
They don't know the best 
practices of Bitcoin. 

771
00:41:25,760 --> 00:41:28,800
And so as much as we can kind of
Joe control about like, you 

772
00:41:28,800 --> 00:41:30,720
know, everything's good for 
Bitcoin. 

773
00:41:30,920 --> 00:41:33,160
It's like accelerate, 
accelerate, accelerate. 

774
00:41:34,320 --> 00:41:38,160
The network isn't really there. 
We aren't there to scale to 8 

775
00:41:38,160 --> 00:41:42,480
billion people yet. 
We do need a slow, slow adoption

776
00:41:42,480 --> 00:41:45,960
rate here or else things could 
get very ugly for a lot of 

777
00:41:45,960 --> 00:41:48,720
people and we're trying to avoid
that by as much. 

778
00:41:49,440 --> 00:41:50,960
You know, casualties as 
possible. 

779
00:41:51,240 --> 00:41:55,360
I think that it's like a good 
nod to how successful Bitcoin is

780
00:41:55,360 --> 00:41:58,760
and how it will continue to be. 
The fact that a very small 

781
00:41:58,760 --> 00:42:02,920
minority of people actually know
how to use Bitcoin and it's got 

782
00:42:02,920 --> 00:42:08,560
a $1.16 trillion market cap is 
insane to me. 

783
00:42:08,680 --> 00:42:13,280
You think about like all people 
in the world know how to hold 

784
00:42:13,280 --> 00:42:16,240
gold and they know how to like 
have gold in the hand. 

785
00:42:16,480 --> 00:42:20,240
Probably like I'd say 50% of 
those people could authenticate 

786
00:42:20,240 --> 00:42:22,480
gold. 
And then like, you know, it's 

787
00:42:22,480 --> 00:42:26,440
got its market cap. 
Think about how far Bitcoin will

788
00:42:26,440 --> 00:42:30,320
continue to go once more and 
more and more people are 

789
00:42:30,320 --> 00:42:32,400
educated understand what Bitcoin
is. 

790
00:42:32,640 --> 00:42:35,720
I'm so bullish on future 
generations, but like this 

791
00:42:35,720 --> 00:42:39,520
generation that we are currently
in the meet space of 2024. 

792
00:42:39,840 --> 00:42:42,120
We got to understand this is not
our party. 

793
00:42:42,280 --> 00:42:45,600
We're like we're the party 
planners right now and we got to

794
00:42:45,600 --> 00:42:48,560
plan properly. 
We got to make good Bitcoin 

795
00:42:48,560 --> 00:42:50,600
based businesses. 
We got to help the Bitcoin 

796
00:42:50,600 --> 00:42:53,160
protocol. 
We got to contribute to Bitcoin 

797
00:42:53,160 --> 00:42:57,160
meetups and education. 
This is a call on society to do 

798
00:42:57,160 --> 00:43:00,360
more for the future generation, 
lower that time preference, 

799
00:43:00,360 --> 00:43:03,320
future generation style. 
Become the party planning. 

800
00:43:03,480 --> 00:43:06,400
What is what is the office mean?
The the party planning committee

801
00:43:06,400 --> 00:43:08,080
or the OR the committee to plan 
parties. 

802
00:43:08,200 --> 00:43:12,000
Just pick a camp and do it, 
understanding that like you 

803
00:43:12,000 --> 00:43:14,920
know, the Lambos aren't for you.
You're going to get citadels for

804
00:43:14,920 --> 00:43:17,320
your grandkids. 
Let's go. 

805
00:43:17,320 --> 00:43:20,680
Hold on. 
Thank you. 

806
00:43:22,040 --> 00:43:25,640
Well, on that note, because this
is what we, we, you know, there,

807
00:43:25,720 --> 00:43:27,680
there is something to Bitcoin 
that it does. 

808
00:43:28,120 --> 00:43:31,160
I don't know if it really just 
like rewires your brain, but you

809
00:43:31,160 --> 00:43:33,520
start to think more like an 
entrepreneur and you run your 

810
00:43:33,520 --> 00:43:36,040
life more like an entrepreneur. 
And one of our favorite things 

811
00:43:36,040 --> 00:43:39,360
to do is of course, bring on 
dope Bitcoin entrepreneurs like 

812
00:43:39,360 --> 00:43:41,320
Adam. 
Of course, we only partner with 

813
00:43:41,320 --> 00:43:45,480
dope Bitcoin entrepreneurs to 
make sure that we push the 

814
00:43:45,480 --> 00:43:47,080
Bitcoin ethos as much as 
possible. 

815
00:43:47,080 --> 00:43:49,960
So we're going to talk about 
Bitcoin well with Adam, but 

816
00:43:49,960 --> 00:43:52,760
really we're going to get into 
some some very interesting 

817
00:43:52,760 --> 00:43:56,360
stories of Adam and being a 
financial terrorist in Canada. 

818
00:43:56,360 --> 00:43:58,840
Look at this guy. 
Look at this sweet smile and and

819
00:43:58,880 --> 00:44:01,680
he's a criminal over here, 
rather terrorist, a terrorist at

820
00:44:01,680 --> 00:44:03,400
this point. 
But let's get in the culture. 

821
00:44:03,560 --> 00:44:10,280
We got a a really good story for
you guys, the daily culture. 

822
00:44:16,280 --> 00:44:19,640
All right, boys and girls, girls
and boys, but mainly boys. 

823
00:44:21,560 --> 00:44:25,920
Make sure you stack friends who 
stack sets guys, as as Adam just

824
00:44:25,920 --> 00:44:29,080
so eloquently explained to us, 
you know, it's very important 

825
00:44:29,080 --> 00:44:32,320
for you to take your 
relationships into meat space. 

826
00:44:32,320 --> 00:44:36,000
The most rewarding thing I have 
done in my life personally is 

827
00:44:36,000 --> 00:44:39,200
make sure that I am building a 
local community of Bitcoiners 

828
00:44:39,200 --> 00:44:42,240
that I'm basically almost only 
interacting with Bitcoiners 

829
00:44:42,240 --> 00:44:47,000
because if Bitcoin becomes or 
rather when Bitcoin becomes what

830
00:44:47,000 --> 00:44:51,200
we think it will be, those who 
own the Bitcoin will have most 

831
00:44:51,200 --> 00:44:52,600
of the power. 
We have the best money in the 

832
00:44:52,600 --> 00:44:54,560
world. 
Therefore, you want to ensure 

833
00:44:54,560 --> 00:44:57,960
that you are building these 
relationships and and building 

834
00:44:57,960 --> 00:45:01,400
solid communities so that we can
never get ourselves back into 

835
00:45:01,400 --> 00:45:04,400
this position again. 
Make sure each one teach one. 

836
00:45:04,400 --> 00:45:08,520
We are all nodes in the network.
So go to orangecoapp.com stack 

837
00:45:08,520 --> 00:45:12,080
friends who stack SAT's and 
start connecting with people. 

838
00:45:12,080 --> 00:45:15,600
This is like one of the most 
important things to be doing. 

839
00:45:15,600 --> 00:45:19,200
OK, I'm going to tee you up on 
this, Adam, because you did just

840
00:45:19,200 --> 00:45:23,400
share this. 
So I'm going to read your tweet 

841
00:45:23,480 --> 00:45:25,280
and then you can unpack this a 
little bit. 

842
00:45:25,280 --> 00:45:27,840
So here's Adam O'Brien on 
Twitter and he goes, Being 

843
00:45:27,840 --> 00:45:31,920
considered a financial terrorist
in Canada is low key annoying. 

844
00:45:32,080 --> 00:45:35,160
The constant debaking has made 
it hard for me to live in this 

845
00:45:35,160 --> 00:45:37,880
country. 
That said, it also inspires lots

846
00:45:37,880 --> 00:45:40,200
of the products and services at 
the Bitcoin. 

847
00:45:40,200 --> 00:45:45,800
Well, full cobra effect. 
So Adam, maybe get some contacts

848
00:45:45,800 --> 00:45:47,960
here. 
I, I've heard this story before.

849
00:45:48,120 --> 00:45:50,760
This is a new story about you 
guys getting the bank like 

850
00:45:50,760 --> 00:45:54,200
literally last week. 
But when we were hanging out in 

851
00:45:54,200 --> 00:45:57,240
Nashville, you were, you were 
telling me about, you know, the 

852
00:45:57,240 --> 00:46:02,520
fact that you've been debanked 
from almost all Bitcoin banks, 

853
00:46:02,520 --> 00:46:04,640
Oregon, rather all banks because
of Bitcoin. 

854
00:46:04,800 --> 00:46:07,920
Your wife's been debanked just 
because she has your last name. 

855
00:46:08,160 --> 00:46:11,920
Like, maybe let's start from the
beginning and then we can talk 

856
00:46:11,920 --> 00:46:15,000
about, like, you know, why 
you're a financial terrorist, 

857
00:46:15,000 --> 00:46:17,200
apparently. 
Yeah, dude, it's crazy. 

858
00:46:17,200 --> 00:46:23,520
It's like in in Canada we we 
have basically five kind of six 

859
00:46:23,520 --> 00:46:26,080
banks. 
That 6th one is like a blanket 

860
00:46:26,080 --> 00:46:29,600
group that people have different
names under, but it all flows 

861
00:46:29,600 --> 00:46:32,000
through one. 
And then all those five kind of 

862
00:46:32,000 --> 00:46:35,880
all processing is done through 
one of two main like processors.

863
00:46:36,400 --> 00:46:41,280
And so since 2015, I've been 
getting just like blanket 

864
00:46:41,280 --> 00:46:45,080
statement, you know, no, you 
can't bank here anymore, go to a

865
00:46:45,080 --> 00:46:47,800
different bank. 
But obviously eventually I like 

866
00:46:47,800 --> 00:46:50,760
one of the banks to go to. 
And so from a personal level, 

867
00:46:50,880 --> 00:46:53,960
this has made it difficult to do
things like pay my power bill 

868
00:46:54,680 --> 00:46:59,360
and like, you know, buy 
groceries and even the war on 

869
00:46:59,360 --> 00:47:00,520
cash. 
Like I'm obviously a pretty 

870
00:47:00,520 --> 00:47:03,240
heavy cash user. 
And I tell the story sometimes. 

871
00:47:03,240 --> 00:47:05,040
I think I've told you on the 
show before, I was like walking 

872
00:47:05,040 --> 00:47:09,160
down the street, the White Ave. 
in Edmonton where our office is 

873
00:47:09,360 --> 00:47:11,960
trying to buy a sandwich. 
The sandwich was like 13 bucks 

874
00:47:11,960 --> 00:47:14,280
or something. 
I had a $50.00 bill and they 

875
00:47:14,280 --> 00:47:15,880
wouldn't take it. 
They're like, Nah, we don't take

876
00:47:15,880 --> 00:47:17,640
50s. 
Like it's too fraught or too 

877
00:47:17,640 --> 00:47:21,320
much fraud. 
I was like, what, like, how does

878
00:47:21,360 --> 00:47:25,040
the guy live around here? 
Like, you know, it's, it's mind 

879
00:47:25,040 --> 00:47:29,800
blowing to see how we we're 
being funneled towards, you 

880
00:47:29,800 --> 00:47:31,080
know, we're being funneled 
toward in any state. 

881
00:47:31,080 --> 00:47:33,600
We're being funneled towards 
something that they can control.

882
00:47:33,760 --> 00:47:37,120
However, I want to again point 
out, like the last bit of that 

883
00:47:37,120 --> 00:47:40,760
tweet, full cobra effect, yeah. 
Explain that to people. 

884
00:47:40,920 --> 00:47:43,080
OK, so the cobra effect is this 
notion. 

885
00:47:43,400 --> 00:47:46,720
So it comes from what happened 
when the British Empire took 

886
00:47:46,720 --> 00:47:49,080
over India in like, the 1600s, I
think. 

887
00:47:49,440 --> 00:47:53,800
And at the time, the Indian 
citizens, the India citizens 

888
00:47:53,800 --> 00:47:56,560
were getting eaten by cobras, 
which was like, obviously not 

889
00:47:56,560 --> 00:47:59,560
that great. 
And so the British, the British 

890
00:47:59,560 --> 00:48:02,640
Empire came in and was like, OK,
we're gonna put a bounty on 

891
00:48:02,640 --> 00:48:05,280
cobra heads. 
So, you know, you can go kill a 

892
00:48:05,280 --> 00:48:08,240
cobra, bring it to us, and we're
gonna pay you just like, you 

893
00:48:08,240 --> 00:48:09,960
know, seems at the surface, 
like, pretty good. 

894
00:48:10,680 --> 00:48:15,040
But we then created cobra 
farmers and then created a bunch

895
00:48:15,080 --> 00:48:18,240
of these, like, you know, kind 
of malicious entrepreneurs. 

896
00:48:18,240 --> 00:48:22,760
Entrepreneurs decided to just 
farm cobras, kill their farms 

897
00:48:22,760 --> 00:48:24,240
and then take them in for 
bounties. 

898
00:48:24,960 --> 00:48:29,040
It reminded me a lot of the of 
the Canadian gun gun 

899
00:48:29,040 --> 00:48:31,120
prohibition, which we'll talk 
about in a second. 

900
00:48:31,480 --> 00:48:33,720
And So what did the government 
do? 

901
00:48:33,720 --> 00:48:36,920
They were like all butt hurt 
that, you know, the the militias

902
00:48:36,920 --> 00:48:38,360
entrepreneurs are taking 
advantage of them. 

903
00:48:38,440 --> 00:48:43,000
And so they said no more bounty 
and all the farmers released the

904
00:48:43,000 --> 00:48:47,200
cobras into the wild, making the
cobra problem worse. 

905
00:48:47,600 --> 00:48:50,360
And I think like the analogy and
what we can pull from that is 

906
00:48:50,360 --> 00:48:54,680
just the fact that governments 
like you, you cannot interfere 

907
00:48:55,000 --> 00:49:01,040
and, and, and create artificial 
like regulation or, or, or rules

908
00:49:01,280 --> 00:49:04,360
inside of a free market, the 
free market of nature, which is 

909
00:49:04,360 --> 00:49:08,680
like cobras eat people. 
You know, you can't like you 

910
00:49:08,680 --> 00:49:12,640
can't insert this, this third 
party regulation into it. 

911
00:49:13,360 --> 00:49:14,640
Otherwise the problem gets 
worse. 

912
00:49:14,920 --> 00:49:18,360
And the problem of open banking,
which is a government problem, 

913
00:49:18,600 --> 00:49:20,400
they're shooting themselves in 
the foot because they're 

914
00:49:20,400 --> 00:49:22,560
inspiring me. 
And by the way, there's like, 

915
00:49:22,560 --> 00:49:24,760
it's not just me. 
I think I, like, I wear this 

916
00:49:24,760 --> 00:49:27,800
pretty proudly. 
I probably am the most debanked 

917
00:49:27,800 --> 00:49:30,880
human in the country like I am. 
I am out of banks. 

918
00:49:31,880 --> 00:49:33,920
I do have a wait. 
Wait, wait, can you literally 

919
00:49:33,920 --> 00:49:39,640
not? 
No, I, I do have a, a credit 

920
00:49:39,640 --> 00:49:42,440
union in Alberta has given me 
personally a bank. 

921
00:49:43,400 --> 00:49:46,960
When the company went public, we
negotiated a banking contract as

922
00:49:46,960 --> 00:49:50,680
a company with this crew and we 
wrote into our negotiations that

923
00:49:50,680 --> 00:49:53,760
the CEO will be able to have a 
checking account. 

924
00:49:53,800 --> 00:49:55,520
That was like something that I 
was very strong, felt very 

925
00:49:55,520 --> 00:49:59,320
strongly about that I wanted. 
And so, you know, but like all 

926
00:49:59,320 --> 00:50:03,880
the big ones and like like TD, 
Scotia Bank, BMOCIBCRBC, those 

927
00:50:03,880 --> 00:50:06,280
like the big 5, we have like 5 
big banks in Canada. 

928
00:50:07,080 --> 00:50:09,520
All of them have, have debanked 
me. 

929
00:50:09,840 --> 00:50:15,520
And I think it's what it's done 
is it's inspired me to make a 

930
00:50:15,680 --> 00:50:18,640
platform where you can live 
because like it's very annoying 

931
00:50:18,640 --> 00:50:19,960
to not have modern banking, 
right? 

932
00:50:19,960 --> 00:50:22,480
The tap your phone to pay for 
things is super convenient. 

933
00:50:22,480 --> 00:50:25,600
The like E transfer network here
in Canada is really good. 

934
00:50:26,360 --> 00:50:29,000
And, and ultimately, you know, 
I've kind of taken that to 

935
00:50:29,000 --> 00:50:30,520
heart. 
Something we ask ourselves here 

936
00:50:30,520 --> 00:50:35,520
is like, how do I interact with 
money and how can I apply a 

937
00:50:35,520 --> 00:50:38,800
Bitcoin standard to that? 
A Bitcoin standard, of course, 

938
00:50:38,800 --> 00:50:42,520
is Bitcoin in self custody, 
right, number one. 

939
00:50:42,800 --> 00:50:45,280
And then #2 being able to use it
with the same convenience. 

940
00:50:45,640 --> 00:50:50,240
And so from my perspective, like
my kids, if I do my job 

941
00:50:50,240 --> 00:50:54,240
properly, we will never, my kids
will never have a bank account. 

942
00:50:54,240 --> 00:50:56,440
I remember like with my dad 
walking in when I was like 10 

943
00:50:56,440 --> 00:50:59,320
years old, going to like the 
bank, get my little bank book 

944
00:50:59,320 --> 00:51:01,760
and like whatever it was, my 
kids are never going to have to 

945
00:51:01,760 --> 00:51:03,840
do that. 
My kids already have Bitcoin 

946
00:51:03,840 --> 00:51:06,880
wallets. 
You know, we're going to be able

947
00:51:06,880 --> 00:51:08,840
to. 
That's what I'm building for. 

948
00:51:08,840 --> 00:51:10,880
I'm building for the next 
generation to be able to 

949
00:51:11,200 --> 00:51:15,880
function without a bank account 
to the point where like right 

950
00:51:15,880 --> 00:51:20,120
now, even with a light account 
at Bitcoin, well, like you can 

951
00:51:20,120 --> 00:51:23,920
pay your bills, you can you can 
send an E transfer to, you know,

952
00:51:24,000 --> 00:51:28,160
to like to people like it's 
really important to me that 

953
00:51:28,240 --> 00:51:31,520
people have the opportunity to 
use the money that they control,

954
00:51:31,520 --> 00:51:36,360
which is like, I don't know why 
that's a foreign or weird 

955
00:51:36,360 --> 00:51:39,440
concept. 
We should be able to use the 

956
00:51:39,440 --> 00:51:43,240
money that we control or that 
we've earned or that we have, 

957
00:51:43,520 --> 00:51:46,440
and that's why we exist. 
Ultimately that's just 

958
00:51:46,440 --> 00:51:48,000
independence. 
That's just being free. 

959
00:51:48,200 --> 00:51:52,160
It's like it's crazy. 
And I mean, in Canada we saw 

960
00:51:52,160 --> 00:51:54,440
like the trucker protests which 
really kicked this off. 

961
00:51:54,440 --> 00:51:58,040
People getting D banked, their 
accounts frozen because they 

962
00:51:58,040 --> 00:52:01,440
donated to a peaceful protest is
mind blowing. 

963
00:52:01,520 --> 00:52:05,840
And it went to show how many, 
how much control and how little 

964
00:52:05,840 --> 00:52:08,440
freedom you can have at the drop
of a hat. 

965
00:52:08,800 --> 00:52:13,240
And you know, we see fake crisis
all the time. 

966
00:52:13,240 --> 00:52:16,160
We see, you know, propaganda 
come out through the state LED 

967
00:52:16,160 --> 00:52:17,320
machine. 
Even here in Canada. 

968
00:52:17,320 --> 00:52:20,840
We were talking yesterday, my 
son's in a in like a little 

969
00:52:20,840 --> 00:52:22,920
hockey camp. 
And so the dads, you know, sit 

970
00:52:22,920 --> 00:52:24,640
in the stands and solve the 
world's problems. 

971
00:52:24,920 --> 00:52:27,480
And one of them is like talking 
about how he doesn't see much 

972
00:52:27,480 --> 00:52:29,760
news on Facebook anymore. 
And I was like, well, yeah, 

973
00:52:29,760 --> 00:52:32,640
because of the Canadian 
government banned Facebook from 

974
00:52:32,640 --> 00:52:34,840
sharing news. 
And now the only news that we 

975
00:52:34,840 --> 00:52:38,600
get on like these like news 
aggregators like Facebook are 

976
00:52:38,600 --> 00:52:42,360
the state funded news. 
And he's like, whoa, I heard 

977
00:52:42,360 --> 00:52:44,920
about that, but I didn't really 
put two and two together. 

978
00:52:44,920 --> 00:52:47,240
And it's just like, yeah, this 
is how it works. 

979
00:52:47,240 --> 00:52:49,000
We've got propaganda that comes 
through. 

980
00:52:49,120 --> 00:52:50,920
We then have money that can be 
controlled. 

981
00:52:51,080 --> 00:52:53,920
This is why Noster is important.
This is why Bitcoin's important.

982
00:52:53,920 --> 00:52:55,520
This is why Bitcoin, well, is 
important. 

983
00:52:55,520 --> 00:52:58,120
This is why we need rules and 
not rulers. 

984
00:52:58,280 --> 00:53:01,720
And so, yeah, man, that's kind 
of a bit of like a long, a long 

985
00:53:01,720 --> 00:53:04,400
story, but it's crazy. 
And then last week. 

986
00:53:04,400 --> 00:53:10,720
So as a result of that our like 
DCA product are recurring by 

987
00:53:10,720 --> 00:53:13,760
here in Canada, recurring by in 
US coming soon because you're 

988
00:53:13,760 --> 00:53:16,080
not the biggest country in the 
world, you are but. 

989
00:53:17,800 --> 00:53:19,760
He's lying. 
The world revolves around 

990
00:53:19,760 --> 00:53:22,040
America. 
You Canadians are Larping. 

991
00:53:22,760 --> 00:53:27,160
We are a big LARP, let's be 
honest, but our recurring buy is

992
00:53:27,160 --> 00:53:28,720
not a connect your bank 
recurring buy. 

993
00:53:28,720 --> 00:53:31,720
We've used like the like the 
bill payment network to do it. 

994
00:53:32,120 --> 00:53:34,720
And so how it works is we 
enlisted a payment processor. 

995
00:53:35,040 --> 00:53:39,200
You then send a bill payment to 
the payment processor on your 

996
00:53:39,200 --> 00:53:41,720
predetermined schedule. 
And then when that bill payment 

997
00:53:41,720 --> 00:53:44,240
comes in, those dollars are 
automatically converted to 

998
00:53:44,240 --> 00:53:47,200
Bitcoin and sent directly to 
your cold storage, which is like

999
00:53:47,200 --> 00:53:48,560
a good way to do it. 
You don't have to give us your 

1000
00:53:48,560 --> 00:53:53,080
bank info. 
It's all user distributed and 

1001
00:53:53,720 --> 00:53:56,480
when it started like all the 
banks participated, it was all 

1002
00:53:56,480 --> 00:54:00,120
good. 
Since then, one bank or sorry, 

1003
00:54:00,120 --> 00:54:03,200
two banks have since like just 
cut our payment processor. 

1004
00:54:03,240 --> 00:54:05,720
Like they're like, Nope, you 
can't send bill payments here 

1005
00:54:05,720 --> 00:54:08,240
anymore. 
No warning, no notice, nothing. 

1006
00:54:08,240 --> 00:54:10,280
Just like customers are like, 
hey, it's not working. 

1007
00:54:10,280 --> 00:54:11,880
And I was like, what do you mean
it's not working? 

1008
00:54:11,880 --> 00:54:13,920
Like everything looks fine on 
our side. 

1009
00:54:14,160 --> 00:54:16,520
And then, and I don't have a 
bank, so I can't like, search it

1010
00:54:16,520 --> 00:54:18,280
up. 
So we got to get other people to

1011
00:54:18,280 --> 00:54:21,160
like, go investigate. 
And sure enough, like the 

1012
00:54:21,160 --> 00:54:24,680
payment process was gone. 
And then last week, a third one 

1013
00:54:24,760 --> 00:54:28,240
just like waxed it. 
And so it's it's like this is 

1014
00:54:28,240 --> 00:54:29,760
something that Trump said in his
speech. 

1015
00:54:31,880 --> 00:54:34,600
Yeah, it was Trump or RFK One, 
one of the two politicians said 

1016
00:54:34,600 --> 00:54:36,880
it in their speech, which 
resonated so hard with me. 

1017
00:54:37,080 --> 00:54:39,880
And it was the promise to end 
Operation Choke Point. 

1018
00:54:39,880 --> 00:54:42,640
And I don't think that many 
people understand what Operation

1019
00:54:42,640 --> 00:54:45,720
Choke Point is. 
But Choke Point is like a little

1020
00:54:45,720 --> 00:54:48,040
bit of what we went through in 
COVID where it's like, oh, you 

1021
00:54:48,040 --> 00:54:51,480
don't have to get the vaccine, 
but you can't go anywhere or do 

1022
00:54:51,480 --> 00:54:54,120
anything if you don't have it. 
Like, whoa, whoa, whoa. 

1023
00:54:54,320 --> 00:54:57,080
It's totally legal to do Bitcoin
stuff. 

1024
00:54:57,240 --> 00:54:59,720
You just can't use your money if
you do. 

1025
00:55:00,720 --> 00:55:03,160
And it's like, well, how how is 
that? 

1026
00:55:03,360 --> 00:55:05,680
How is that good? 
How is that a free society? 

1027
00:55:06,880 --> 00:55:10,160
You know, they get to hide 
behind the like headline of like

1028
00:55:10,160 --> 00:55:14,040
Bitcoin is legal, but then at 
the end of the day, you can't do

1029
00:55:14,040 --> 00:55:15,880
anything with that Bitcoin. 
That's a problem. 

1030
00:55:15,880 --> 00:55:19,200
And so again, this is like this 
is cobra effect in motion. 

1031
00:55:19,200 --> 00:55:24,520
This is, you know, I'm like, I'm
a psychopath and I'm taking on 

1032
00:55:24,520 --> 00:55:26,720
the like banking system. 
People ask me like, cuz we're 

1033
00:55:26,720 --> 00:55:28,240
publicly traded. 
So I have like the investor 

1034
00:55:28,240 --> 00:55:31,640
meetings and stuff and people 
are like, what's the end game? 

1035
00:55:31,640 --> 00:55:33,640
Like, you know, what's your 
hopes and dreams of the company,

1036
00:55:33,640 --> 00:55:36,400
blah, blah, blah. 
And straight up I'm always like,

1037
00:55:36,480 --> 00:55:39,600
I want to buy Scotiabank. 
I'm like Scotiabank's like AI 

1038
00:55:39,920 --> 00:55:41,680
don't know what they're worth. 
Like, you know. 

1039
00:55:41,760 --> 00:55:44,080
Let's see. 
I'll, I'll see what the 

1040
00:55:44,080 --> 00:55:48,400
Scotiabank market cap is. 
It's, it's like, yeah, $73 

1041
00:55:48,400 --> 00:55:50,360
billion. 
Let's go. 

1042
00:55:50,360 --> 00:55:52,240
Yeah, yeah. 
I want to like bankrupt and then

1043
00:55:52,240 --> 00:55:57,880
buy Scotiabank and like, you 
know, I want to completely flip 

1044
00:55:57,960 --> 00:56:01,120
how people look at and think 
about money. 

1045
00:56:01,320 --> 00:56:04,560
And, you know, Canada's talking 
seriously about a CBDC. 

1046
00:56:04,720 --> 00:56:07,680
They've transitioned out of CBDC
because that name is tainted and

1047
00:56:07,680 --> 00:56:08,880
they're calling it a digital 
loony. 

1048
00:56:08,880 --> 00:56:11,000
If you look at the propaganda, 
you can just see it shift, man. 

1049
00:56:11,000 --> 00:56:13,120
It's like. 
Just that name Digital loony. 

1050
00:56:13,120 --> 00:56:15,880
Like, are you kidding me? 
It's so bad, man. 

1051
00:56:16,040 --> 00:56:18,040
And then it's crazy. 
So I've been like, I've been 

1052
00:56:18,040 --> 00:56:22,160
asked to give some like radio 
interviews here about like, you 

1053
00:56:22,160 --> 00:56:23,880
know, the pros and cons of 
digital looney. 

1054
00:56:24,600 --> 00:56:26,880
And I tell them like con is that
someone can control it. 

1055
00:56:26,880 --> 00:56:29,800
Someone can turn off your money 
and like, well, that wouldn't 

1056
00:56:29,800 --> 00:56:32,360
happen. 
It's like based on what like 

1057
00:56:32,640 --> 00:56:35,360
I've had it happen to me 
personally, my wife's had it 

1058
00:56:35,360 --> 00:56:38,120
happen to her. 
She's like, you know, like 

1059
00:56:38,360 --> 00:56:40,960
harmless, completely harmless, 
doesn't do anything weird. 

1060
00:56:40,960 --> 00:56:44,320
Like I'm the I'm the psychopath.
She's like normal and buys like 

1061
00:56:44,480 --> 00:56:48,160
her, her, you know, her card 
transactions are like the 

1062
00:56:48,160 --> 00:56:52,600
grocery store and like clothing 
for the kids, like as normal as 

1063
00:56:52,600 --> 00:56:56,840
you can get for like, you know, 
a young suburbia mom of four 

1064
00:56:56,840 --> 00:57:00,640
kids is like pretty normal. 
And so when they, when that 

1065
00:57:00,640 --> 00:57:03,560
starts happening, and I think 
now more and more people are 

1066
00:57:03,560 --> 00:57:07,120
seeing it because operation 
choke point because like, you 

1067
00:57:07,120 --> 00:57:10,120
know, the controls, the people 
with the talons are getting 

1068
00:57:10,200 --> 00:57:12,320
scared. 
They we have a tool for freedom.

1069
00:57:12,520 --> 00:57:16,760
And so we get to like, yeah, we 
get to, we get to move off of 

1070
00:57:17,760 --> 00:57:20,440
out of the control and their 
talons are gripping and that's 

1071
00:57:20,440 --> 00:57:25,560
just cobra effect in motion. 
So I'm super stoked to be I was 

1072
00:57:25,560 --> 00:57:29,320
on, I was talking at a meet up a
few weeks ago and I was like, 

1073
00:57:29,680 --> 00:57:31,880
we're the cobra farmers. 
Like let's just make this 

1074
00:57:31,880 --> 00:57:34,720
painful. 
Let's take their rules and use 

1075
00:57:34,720 --> 00:57:37,880
it against them. 
When the guns in Canada, they 

1076
00:57:37,880 --> 00:57:42,880
like banned handguns and they 
were paying people like they 

1077
00:57:42,880 --> 00:57:48,800
give a bounty for this and some 
icon printed, 3D printed like 

1078
00:57:49,080 --> 00:57:54,080
boxes and boxes and boxes of 
guns and took them in and the 

1079
00:57:54,080 --> 00:58:00,040
government bought them like it's
so funny, like $4. 

1080
00:58:00,040 --> 00:58:03,680
Investment per gun for what? 
Was it like 4 or $500 or 

1081
00:58:03,680 --> 00:58:04,720
something? 
Payback? 

1082
00:58:04,720 --> 00:58:06,760
Dude, yeah. 
It was like the dollar in 

1083
00:58:06,760 --> 00:58:09,560
plastic. 
It was, it was amazing. 

1084
00:58:09,560 --> 00:58:12,920
And so I think it's just like, 
you know, everyone listening 

1085
00:58:12,920 --> 00:58:15,120
right now in 2024, we're Cobra 
farmers. 

1086
00:58:15,120 --> 00:58:20,400
Be a Cobra farmer and let's make
it very, very difficult for the 

1087
00:58:20,400 --> 00:58:23,640
government to succeed in 
capturing our value and we do 

1088
00:58:23,640 --> 00:58:27,600
that by guess what, just 
sticking around, staying in our 

1089
00:58:27,600 --> 00:58:32,320
little, you know, staying in our
Bitcoiner environment and just 

1090
00:58:32,320 --> 00:58:33,520
build it. 
Let's just make it easy. 

1091
00:58:33,520 --> 00:58:35,720
Let's just grow that Bitcoin 
environment right start a meet 

1092
00:58:35,720 --> 00:58:38,680
up like Orangeville. 
Some people stocks at stay 

1093
00:58:38,680 --> 00:58:41,480
humble. 
It's like it's not, you know, 

1094
00:58:41,960 --> 00:58:45,800
it's it's like our financial 
system right now is so complex 

1095
00:58:45,800 --> 00:58:49,040
that we assume Bitcoin because 
it's better has to be more 

1096
00:58:49,040 --> 00:58:52,880
complex, but it's actually, you 
know, it's better because it's 

1097
00:58:52,880 --> 00:58:55,960
more simple. 
It's like who gets rewarded? 

1098
00:58:56,160 --> 00:58:59,920
The person that works hard, who 
stays rewarded, the person that 

1099
00:58:59,920 --> 00:59:02,840
spends less than they earn. 
We're like in the traditional 

1100
00:59:02,840 --> 00:59:04,560
financial system. 
It's actually the opposite. 

1101
00:59:04,960 --> 00:59:07,680
It's like, you know, you and I 
were saying for the show up 

1102
00:59:07,680 --> 00:59:11,360
deeds like the guy who was it 
like the drug dealer and the 

1103
00:59:11,360 --> 00:59:14,720
only fans pulling up in their. 
The scammers are the richest 

1104
00:59:14,720 --> 00:59:17,080
people in our society. 
Let's just tell you about 

1105
00:59:17,080 --> 00:59:19,200
society anyways. 
Wait Adam before you go on 

1106
00:59:19,200 --> 00:59:20,400
though, there is a question 
here. 

1107
00:59:20,960 --> 00:59:23,280
Wait, DAP says why is this guy 
to bank? 

1108
00:59:23,360 --> 00:59:26,240
Would make this combo make more 
sense to have some background. 

1109
00:59:26,400 --> 00:59:30,320
So very clearly, Adam, why are 
you a financial terrorist in 

1110
00:59:30,320 --> 00:59:32,240
Canada? 
Yeah, I don't know. 

1111
00:59:32,240 --> 00:59:34,080
I actually. 
It's because he's a bitcoiner. 

1112
00:59:34,600 --> 00:59:37,080
I, I think it's because I'm a 
bit Oh, I, I just have a ticket 

1113
00:59:37,080 --> 00:59:38,520
at home. 
I save all the letters. 

1114
00:59:38,520 --> 00:59:41,760
I should like upload the letters
because there's no context The 

1115
00:59:42,040 --> 00:59:44,440
the letter that comes in just 
basically I post one on my 

1116
00:59:44,440 --> 00:59:45,840
Twitter. 
You can go see it on my Twitter.

1117
00:59:46,720 --> 00:59:48,920
That's actually my wife's 
account that got to you banked. 

1118
00:59:49,280 --> 00:59:54,760
But it's like the, the main 
letter says, we, you know, risk 

1119
00:59:54,760 --> 00:59:57,920
profile, we're not going to move
forward, blah, blah, blah. 

1120
00:59:58,800 --> 01:00:02,680
You know, nothing you've done is
illegal, but it's outside of our

1121
01:00:02,680 --> 01:00:06,920
risk profile for your account. 
And therefore you, you don't get

1122
01:00:06,920 --> 01:00:11,320
to like, you don't get to use 
our bank, which actually, I, I 

1123
01:00:11,320 --> 01:00:13,240
don't disagree with that 
sentiment. 

1124
01:00:13,320 --> 01:00:15,920
Like I believe that private 
businesses should have the 

1125
01:00:15,920 --> 01:00:18,480
ability to pick and choose who 
they do business with. 

1126
01:00:18,480 --> 01:00:21,320
That's totally fine. 
The problem I have is, yeah, 

1127
01:00:21,320 --> 01:00:23,200
here it is. 
The the problem that I actually 

1128
01:00:23,200 --> 01:00:28,200
have is that the the government 
has made it impossible to live 

1129
01:00:28,240 --> 01:00:31,120
without a bank, both from the 
war on cash perspective, but 

1130
01:00:31,120 --> 01:00:33,760
also like I tried. 
So like, you know, I'm debanked.

1131
01:00:33,760 --> 01:00:36,880
I'm a heavy cash user. 
We were buying a new family SUV 

1132
01:00:37,160 --> 01:00:40,960
and I went to go like buy, buy a
car with cash. 

1133
01:00:41,680 --> 01:00:44,360
And so I walk in. 
It was like, you know, like a 

1134
01:00:44,560 --> 01:00:49,840
like a whatever expensive car or
SUV and I'm like, I can pay in 

1135
01:00:49,840 --> 01:00:51,880
cash, right? 
They're like, Yep, no problem. 

1136
01:00:52,040 --> 01:00:54,720
And I'm like, OK, great. 
Like when should I pick up the 

1137
01:00:54,720 --> 01:00:55,880
car? 
Like come on Wednesday. 

1138
01:00:55,880 --> 01:00:58,880
So it's like, great, get my 
cash, like bring it into the 

1139
01:00:58,880 --> 01:01:02,560
dealership in like my backpack, 
my duffel bag, and they're like,

1140
01:01:02,560 --> 01:01:04,080
whoa, whoa, whoa, what's going 
on? 

1141
01:01:04,080 --> 01:01:05,840
I'm like, well, I told you I was
paying in cash. 

1142
01:01:05,880 --> 01:01:09,320
Like we thought you meant check.
It's like, well, if I meant 

1143
01:01:09,320 --> 01:01:11,160
check, I, I would have just said
check. 

1144
01:01:11,200 --> 01:01:13,440
I, I meant cash. 
And so I said cash. 

1145
01:01:13,720 --> 01:01:16,480
And then they were like, oh, 
well, we can take the cash. 

1146
01:01:16,480 --> 01:01:18,560
We have to give it to the police
for 10 days. 

1147
01:01:18,560 --> 01:01:21,520
The police are going to keep it.
And then if it's good, they'll 

1148
01:01:21,520 --> 01:01:24,760
give it back to us. 
And I was like, whoa, like, I 

1149
01:01:24,760 --> 01:01:27,320
don't necessarily trust the fact
that someone else just gets to 

1150
01:01:27,320 --> 01:01:31,000
hold my cash, especially when 
like previously, the police had 

1151
01:01:31,000 --> 01:01:34,720
seized a bunch of of cash and I 
ended up getting it back. 

1152
01:01:34,720 --> 01:01:37,800
I had to sue and go to court and
then ended up getting it back. 

1153
01:01:38,040 --> 01:01:42,080
But like, we live in a system 
where financially speaking, you 

1154
01:01:42,080 --> 01:01:44,640
are guilty unless proven 
innocent. 

1155
01:01:44,760 --> 01:01:49,560
I've got zero, like absolutely 
zero financial claims against 

1156
01:01:49,560 --> 01:01:50,840
me. 
I'm squeaky clean. 

1157
01:01:50,840 --> 01:01:52,640
I'm like the CEO of a publicly 
traded company. 

1158
01:01:52,640 --> 01:01:55,120
Like, you know, you don't get to
necessarily do that without 

1159
01:01:55,120 --> 01:01:57,040
going through at least one 
background check. 

1160
01:01:57,520 --> 01:02:00,320
I volunteer at a church. 
I'm like, you know, involved in 

1161
01:02:00,320 --> 01:02:02,000
my son's hockey. 
Like I've done the background 

1162
01:02:02,000 --> 01:02:03,240
checks, I've done the criminal 
checks. 

1163
01:02:03,240 --> 01:02:07,800
Like I'm pretty clean guy. 
And but at the same time, I'm 

1164
01:02:07,800 --> 01:02:10,600
like, you know, unbankable and 
too risky. 

1165
01:02:10,880 --> 01:02:13,200
And it's only because of 
Operation Choke Point, it's only

1166
01:02:13,200 --> 01:02:16,440
because our money is not free. 
And it's only because, you know,

1167
01:02:16,440 --> 01:02:20,720
at the end of the day, he who 
controls the money controls the 

1168
01:02:20,720 --> 01:02:24,160
individual. 
Because I promise you, and we're

1169
01:02:24,160 --> 01:02:28,120
seeing this in custodial Bitcoin
exchanges right now, I can make 

1170
01:02:28,120 --> 01:02:31,880
you jump through hoops if I'm 
standing between you and your 

1171
01:02:31,880 --> 01:02:34,640
value, especially when you need 
that value. 

1172
01:02:34,880 --> 01:02:37,920
And there's going to come a 
time, hopefully not in my 

1173
01:02:37,920 --> 01:02:41,000
lifetime, but it seems more and 
more likely that it will be. 

1174
01:02:41,640 --> 01:02:44,640
There's going to come a time 
when your life savings are in a 

1175
01:02:44,640 --> 01:02:49,280
bank held and locked by some 
arbitrary, ridiculous rule in 

1176
01:02:49,280 --> 01:02:51,560
the name of safety. 
And you're going to have to 

1177
01:02:51,560 --> 01:02:55,400
choose between that money that 
you've worked hard and and 

1178
01:02:55,400 --> 01:03:00,320
sacrificed to save and like the 
safety of you and your family. 

1179
01:03:00,440 --> 01:03:02,360
And I think that's that's 
garbage. 

1180
01:03:03,000 --> 01:03:05,840
Yeah, 100% and and it. 
Like I like Sense Quest here. 

1181
01:03:05,880 --> 01:03:07,640
That's a good, that's a good 
call. 

1182
01:03:07,720 --> 01:03:09,320
It's like, don't discriminate 
against me. 

1183
01:03:09,320 --> 01:03:12,160
I'm in the minority. 
Yeah, yeah, let's not say that 

1184
01:03:12,160 --> 01:03:13,920
on YouTube, but yeah, check out 
the comments. 

1185
01:03:14,600 --> 01:03:19,120
But for especially for like 
Americans here, our audience is 

1186
01:03:19,120 --> 01:03:22,160
mainly American and of course 
we've seen what's happened in 

1187
01:03:22,160 --> 01:03:25,000
Canada. 
But I think a lot of like one 

1188
01:03:25,000 --> 01:03:27,560
signal that most people forget 
is a lot of things that happen 

1189
01:03:27,560 --> 01:03:31,400
in Canada are it's like a it's 
like a test bed experiment place

1190
01:03:31,600 --> 01:03:34,600
for things to get exported into 
the United States or, you know, 

1191
01:03:34,600 --> 01:03:37,640
in any other part of the world. 
So it's like people might be 

1192
01:03:37,640 --> 01:03:40,080
thinking here like, oh, this 
will never happen in the US. 

1193
01:03:40,080 --> 01:03:43,680
Like, yeah, you know, Canada is,
is messed up and we know where 

1194
01:03:43,680 --> 01:03:45,720
they're going. 
And this is potentially can't 

1195
01:03:45,720 --> 01:03:48,480
happen in the US. 
And it's like, well, one, this 

1196
01:03:48,480 --> 01:03:52,600
stuff does happen already, but 
considering where we might be 

1197
01:03:52,600 --> 01:03:56,120
going in the future, it could 
get infinitely worse for for us 

1198
01:03:56,120 --> 01:03:57,640
in America. 
And This is why it's very 

1199
01:03:57,640 --> 01:04:01,480
important for us to continue to 
double down on the Bitcoin ethos

1200
01:04:01,480 --> 01:04:05,080
and, and advocate for freedom of
transaction, because if, if what

1201
01:04:05,080 --> 01:04:07,880
they've done for freedom of 
speech, they're not going to let

1202
01:04:07,880 --> 01:04:10,800
you, you know, transact freely 
if you can barely talk freely. 

1203
01:04:11,000 --> 01:04:15,240
So it's it's coming. 
Throughout at least modern 

1204
01:04:15,240 --> 01:04:19,120
history, like recorded history, 
the last 100 or so years, we've 

1205
01:04:19,120 --> 01:04:22,840
never gotten more free. 
Like, like, like, you know, it 

1206
01:04:22,840 --> 01:04:26,000
hasn't been like, oh, here's the
temporary law that we're just 

1207
01:04:26,000 --> 01:04:28,080
gonna keep temporarily for 
safety. 

1208
01:04:28,080 --> 01:04:31,440
Like wasn't income tax at one 
point, like, you know, just to 

1209
01:04:31,440 --> 01:04:35,560
fund the war, like three, 3%. 
Don't worry, once the war is 

1210
01:04:35,560 --> 01:04:39,480
funded as good here in Canada, 
now we've got a 66% capital 

1211
01:04:39,600 --> 01:04:42,480
gains tax. 
It's like they never go away. 

1212
01:04:42,640 --> 01:04:47,160
Once the talons get sunk in, 
it's it's they they don't come 

1213
01:04:47,160 --> 01:04:50,920
out and Bitcoin is the only way 
to like rip those talons out bit

1214
01:04:50,920 --> 01:04:54,080
by bit. 
Yeah, man, it's just we are 

1215
01:04:54,080 --> 01:04:56,520
cobra farmers. 
That's maybe I'm going to start.

1216
01:04:56,600 --> 01:04:58,840
That's that's a. 
Cobra for Halloween here. 

1217
01:04:58,920 --> 01:05:03,720
That's the new Bitcoin well Lego
trademark on on the show yeah TM

1218
01:05:04,120 --> 01:05:06,560
Speaking of Bitcoin well, of 
course you know you're our 

1219
01:05:06,560 --> 01:05:08,480
leading sponsor. 
We love partnering with you 

1220
01:05:08,480 --> 01:05:10,720
guys. 
I do want to put you on the spot

1221
01:05:10,720 --> 01:05:13,480
here, Adam, because I know some 
of the stuff you're working on. 

1222
01:05:13,480 --> 01:05:17,040
So what can you expose to the 
people? 

1223
01:05:17,040 --> 01:05:19,640
What can you say? 
Can we get a leak here on what 

1224
01:05:19,640 --> 01:05:22,440
you're working on with Bitcoin? 
Well, before we roll out today's

1225
01:05:22,440 --> 01:05:23,560
show. 
Yeah, dude. 

1226
01:05:23,600 --> 01:05:30,440
So in that mantra of like being 
able to use Bitcoin like again, 

1227
01:05:31,400 --> 01:05:34,240
I want it to be very, very easy 
to be able to buy Bitcoin and 

1228
01:05:34,240 --> 01:05:37,400
receive it into self custody. 
One of the problems that we've 

1229
01:05:37,400 --> 01:05:41,720
had with that is the you know, 
the UTXO issue and so in Canada,

1230
01:05:41,920 --> 01:05:46,560
we've just like sneaky launched 
very, very quietly lightning 

1231
01:05:46,680 --> 01:05:48,280
payments with interact E 
transfer. 

1232
01:05:48,280 --> 01:05:52,960
So you can go right now buy buy 
Bitcoin with Interac E transfer 

1233
01:05:53,160 --> 01:05:56,240
and have it sent directly to 
your lightning wallet whatever 

1234
01:05:56,240 --> 01:06:00,560
payment address you want. 
It's honestly it took me one 

1235
01:06:00,600 --> 01:06:02,600
second. 
I sent one the other day. 

1236
01:06:02,880 --> 01:06:07,520
It was one second from the E 
transfer being received by 

1237
01:06:07,520 --> 01:06:10,680
Bitcoin. 
Well and SAT's being delivered. 

1238
01:06:10,680 --> 01:06:14,960
I use my my primal, just adamant
primal.net add that as a Bitcoin

1239
01:06:14,960 --> 01:06:19,240
address, sent an E transfer. 
Boom one second later I had 

1240
01:06:19,240 --> 01:06:22,400
SAT's in primal. 
It was like out of hand amazing.

1241
01:06:22,680 --> 01:06:24,760
It works so good in Canada, it's
incredible. 

1242
01:06:25,040 --> 01:06:27,880
Dude, well, it's because we're 
so centralized and like, but 

1243
01:06:27,880 --> 01:06:30,280
here's another thing. 
We actually had to change the E 

1244
01:06:30,280 --> 01:06:34,320
transfer address that we send 
things to because our E transfer

1245
01:06:35,480 --> 01:06:37,400
piece is getting like flagged by
the banks. 

1246
01:06:37,400 --> 01:06:40,320
So we're just in like this 
constant state of iteration. 

1247
01:06:40,320 --> 01:06:42,800
But again, what did that do? 
It forced us to innovate. 

1248
01:06:42,800 --> 01:06:45,560
We've got a better solution 
coming down the pipe where it 

1249
01:06:45,560 --> 01:06:47,960
will be basically untrackable 
and untraceable. 

1250
01:06:47,960 --> 01:06:49,680
So I'm, I'm like quite excited 
about that anyways. 

1251
01:06:50,600 --> 01:06:53,600
So that's super exciting. 
Coming soon though, and this is 

1252
01:06:53,600 --> 01:06:58,160
going to be not only in Canada 
but also in the US and we're 

1253
01:06:58,200 --> 01:07:00,880
going to be pushing for this to 
be around the globe. 

1254
01:07:01,160 --> 01:07:04,200
It's the ability to buy gift 
cards with Bitcoin or lighting 

1255
01:07:04,200 --> 01:07:06,360
network, which can be very good.
Very, very simple. 

1256
01:07:06,360 --> 01:07:09,320
Tap your card to pay for things.
But then what this is all moving

1257
01:07:09,320 --> 01:07:12,200
towards is the ability to 
replace your bank account. 

1258
01:07:12,440 --> 01:07:15,640
I believe in a world where you 
can have your paycheck deposited

1259
01:07:16,520 --> 01:07:19,680
into something of a Bitcoin well
account, have a percentage of 

1260
01:07:19,680 --> 01:07:22,640
that converted into Bitcoin sent
directly to cold storage or your

1261
01:07:22,640 --> 01:07:26,480
lightning wallet, and then the 
rest sent to your like, you 

1262
01:07:26,480 --> 01:07:30,080
know, your trad bank or just 
kept in Bitcoin well, and you'll

1263
01:07:30,080 --> 01:07:33,320
be able to pay your mortgage 
with that, pay your, your, your 

1264
01:07:33,320 --> 01:07:34,960
bills with that, whatever it may
be. 

1265
01:07:35,040 --> 01:07:39,880
And that's where we're working 
towards, I want Bitcoin to be 

1266
01:07:40,120 --> 01:07:43,200
the bank account for people who 
want to live on a Bitcoin 

1267
01:07:43,200 --> 01:07:44,920
standard. 
And like our mission is to 

1268
01:07:44,920 --> 01:07:48,000
enable independence. 
The only way to enable 

1269
01:07:48,000 --> 01:07:52,000
independence is to make it easy 
to use Bitcoin in self custody. 

1270
01:07:52,320 --> 01:07:54,400
And that's why we're here. 
And so I'm pretty stoked on 

1271
01:07:54,400 --> 01:07:56,480
that, man. 
I think it's, I think it's good.

1272
01:07:57,360 --> 01:08:00,960
I'm really really, you know, 
humbled and and honored like the

1273
01:08:00,960 --> 01:08:03,160
fact that you guys crash the 
wishing well all the time. 

1274
01:08:03,520 --> 01:08:05,880
It like, you know, it's like I'm
like. 

1275
01:08:06,120 --> 01:08:08,800
We gotta fix this. 
But also I'm like, holy crap, I 

1276
01:08:08,800 --> 01:08:10,400
can't believe how many people 
use this. 

1277
01:08:10,400 --> 01:08:14,640
I can't believe how many people.
You know, we're a very low trust

1278
01:08:14,840 --> 01:08:17,160
platform, but we're not a no 
trust platform. 

1279
01:08:17,160 --> 01:08:19,560
There's no such thing as a 
centralized no trust platform. 

1280
01:08:19,840 --> 01:08:22,240
And, and although, you know, I 
think I'm quite trustworthy, 

1281
01:08:22,840 --> 01:08:27,160
but, but it, it means a lot that
people send us money and receive

1282
01:08:27,160 --> 01:08:29,080
their Bitcoin. 
It means a lot that they that 

1283
01:08:29,080 --> 01:08:31,960
they tell their friends and then
that they play the Bitcoin 

1284
01:08:31,960 --> 01:08:34,920
wishing well to win free sats 
makes me very, very happy. 

1285
01:08:34,920 --> 01:08:38,680
So I think it's yeah, it's it's 
really been exciting. 

1286
01:08:38,680 --> 01:08:43,080
It's been an awesome year. 
I'm super stoked to get these, 

1287
01:08:44,000 --> 01:08:46,319
these products and services that
help you live on a Bitcoin 

1288
01:08:46,319 --> 01:08:48,840
standard. 
And again, it's like I'm just 

1289
01:08:48,840 --> 01:08:52,359
building a platform that I need 
like it's, it's something that I

1290
01:08:52,359 --> 01:08:55,359
and, and over time, more and 
more bitcoiners are going to 

1291
01:08:55,359 --> 01:08:57,040
need. 
I needed a place to pay my 

1292
01:08:57,040 --> 01:08:59,120
bills. 
So we built the ability to pay 

1293
01:08:59,120 --> 01:09:02,399
your credit cards through the 
lighting network and, and, and 

1294
01:09:02,399 --> 01:09:07,040
with Bitcoin, I needed or no, I 
actively need a way, like I 

1295
01:09:07,040 --> 01:09:09,560
think I'm on thin ice here with 
the majority of banks. 

1296
01:09:09,600 --> 01:09:13,080
I need a way to like deposit a 
paycheck and then get Bitcoin 

1297
01:09:13,080 --> 01:09:16,279
into self custody. 
And as a result, you know, we're

1298
01:09:16,279 --> 01:09:18,279
going to build that. 
And so I think it's super 

1299
01:09:18,279 --> 01:09:21,560
exciting. 
Opti is like, because I don't 

1300
01:09:21,560 --> 01:09:23,080
have a bank in the US, 
obviously. 

1301
01:09:23,080 --> 01:09:25,479
So I'm like messaging up like, 
hey, how does your bank work 

1302
01:09:25,479 --> 01:09:27,880
with this? 
He like tells me like, OK, back 

1303
01:09:27,880 --> 01:09:29,319
to the drawing board, like 
figure it out. 

1304
01:09:29,600 --> 01:09:33,439
So I think it's yeah, man, I 
think I'm super bullish on on 

1305
01:09:33,439 --> 01:09:36,600
the future of I'm bullish on the
future of self custody. 

1306
01:09:36,600 --> 01:09:38,800
I'm bullish on the future of 
people understanding why self 

1307
01:09:38,800 --> 01:09:42,600
custody is so important. 
And I'm bullish on on the COBRA 

1308
01:09:42,600 --> 01:09:45,160
effect. 
I'm bullish on governments not 

1309
01:09:45,160 --> 01:09:48,359
understanding Bitcoin thinking 
they can win without realizing 

1310
01:09:48,359 --> 01:09:50,000
they don't control the money 
anymore. 

1311
01:09:50,000 --> 01:09:53,439
And if you don't control the 
money, you can't control the 

1312
01:09:53,439 --> 01:09:55,560
human. 
And I think that's like, that's 

1313
01:09:55,560 --> 01:09:58,920
a, that's a great thing. 100 
percent, 100%. 

1314
01:09:58,920 --> 01:10:01,840
And that's that's the message we
try to get across on this show 

1315
01:10:01,840 --> 01:10:06,440
all the time. 
It's like transacting freely is 

1316
01:10:06,440 --> 01:10:09,160
like one of the most important 
things to be doing, just as 

1317
01:10:09,160 --> 01:10:12,840
freedom of speech is. 
And if we've seen the trend and 

1318
01:10:12,840 --> 01:10:16,360
again, you know, leaning into 
the latest meme of our show, you

1319
01:10:16,360 --> 01:10:18,400
know, Bitcoin. 
Wait, tomorrow's Bitcoin news 

1320
01:10:18,400 --> 01:10:20,080
today. 
Nice we're. 

1321
01:10:20,080 --> 01:10:23,720
Seeing we're, you know, as 
Bitcoiners, it's very, I 

1322
01:10:23,720 --> 01:10:26,440
wouldn't say it's very easy, but
it's you have a better 

1323
01:10:26,440 --> 01:10:29,720
predictive ability than the 
average person because you see 

1324
01:10:29,720 --> 01:10:32,360
the world a lot clearer. 
And, you know, we don't try to 

1325
01:10:32,360 --> 01:10:34,440
get 2 tinfoil hat here on the 
show. 

1326
01:10:34,800 --> 01:10:38,840
We try to, you know, keep things
uplifting, but there is some 

1327
01:10:38,840 --> 01:10:42,840
worrying things on the horizon. 
And as a Bitcoiner, it's very 

1328
01:10:42,840 --> 01:10:46,520
important for us to continue to 
maintain the freedom to transact

1329
01:10:47,040 --> 01:10:50,520
because if they can shut you off
in the banks, you know, they can

1330
01:10:50,520 --> 01:10:53,080
shut you off in me. 
They can literally make you 

1331
01:10:53,080 --> 01:10:55,560
homeless. 
Like for everything. 

1332
01:10:55,600 --> 01:10:58,280
You literally can't move. 
You can't do anything if you 

1333
01:10:58,280 --> 01:11:01,360
can't transact freely, let alone
can't speak freely. 

1334
01:11:01,360 --> 01:11:04,080
And we can never get to the 
truth, which we're already see 

1335
01:11:04,080 --> 01:11:06,320
them trying to do this in real 
time. 

1336
01:11:06,320 --> 01:11:08,960
So there is. 
Things to stay vigilant about 

1337
01:11:09,280 --> 01:11:12,240
like This is why it's important.
I mean, we take for granted like

1338
01:11:12,400 --> 01:11:16,200
we run a Bitcoin node and like 
I, I run my nostril notes 

1339
01:11:16,560 --> 01:11:20,640
through my Bitcoin node, 
primal.net/adam if you want to 

1340
01:11:20,640 --> 01:11:23,360
follow me on master. 
And I think that that's like 

1341
01:11:23,400 --> 01:11:26,400
that's super empowering that I 
have all of my financial and 

1342
01:11:26,400 --> 01:11:30,320
then all of my speech 
transactions or notes going 

1343
01:11:30,320 --> 01:11:34,680
through a piece of hardware and 
software that I control is 

1344
01:11:34,680 --> 01:11:37,200
something that we've never 
really experienced. 

1345
01:11:37,200 --> 01:11:40,640
Like we've never had the ability
to mass communicate inside of a 

1346
01:11:40,640 --> 01:11:44,040
platform that that we own and 
control and have access to. 

1347
01:11:44,160 --> 01:11:48,560
And I, and I think that that's 
something that we cannot 

1348
01:11:48,560 --> 01:11:51,040
understate. 
And we should all be learning 

1349
01:11:51,400 --> 01:11:56,320
like we should all be learning 
if for no other reason than to 

1350
01:11:56,320 --> 01:11:58,640
teach the next generation. 
We should all be learning how 

1351
01:11:58,640 --> 01:12:03,440
that works. 
Because I truly believe if I 

1352
01:12:03,480 --> 01:12:08,040
don't think my kids will have 
the same freedom of speech when 

1353
01:12:08,040 --> 01:12:12,000
they're my age, if they do not 
figure out how to distribute 

1354
01:12:12,000 --> 01:12:16,000
that through a network that is 
owned and controlled by them or 

1355
01:12:16,000 --> 01:12:17,840
that is governed by rules and 
not rulers. 

1356
01:12:17,840 --> 01:12:19,720
Protocol driven, not platform 
driven. 

1357
01:12:20,080 --> 01:12:22,480
And This is why I'm bullish on 
protocols. 

1358
01:12:22,720 --> 01:12:25,240
And we've got a lot of cool 
stuff lined up to integrate 

1359
01:12:25,240 --> 01:12:27,680
nostril and Bitcoin. 
Well, I'm like, I'm so jazzed 

1360
01:12:27,680 --> 01:12:28,720
up. 
I don't want to turn this into a

1361
01:12:28,720 --> 01:12:31,720
Bitcoin well ad you guys, you 
guys show us enough, but it is 

1362
01:12:32,080 --> 01:12:34,760
it is very, very exciting. 
And then but just one last shell

1363
01:12:34,760 --> 01:12:37,200
sense quest asking how does Adam
transact with no bank? 

1364
01:12:37,440 --> 01:12:40,200
bitcoinwell.com is how I 
transact with no bank. 

1365
01:12:40,560 --> 01:12:45,120
I literally have like I have an 
Amex card that I spend on every 

1366
01:12:45,120 --> 01:12:47,120
single month. 
And then I just send the 

1367
01:12:47,120 --> 01:12:51,240
transaction to like to pay that 
Amex card through 

1368
01:12:51,240 --> 01:12:54,080
bitcoinwell.com and it pays my 
bills. 

1369
01:12:54,080 --> 01:12:59,360
Like that's literally how I 
live, which is, which is like, 

1370
01:12:59,400 --> 01:13:01,680
again, it's COBRA effect. 
It's like I've built the 

1371
01:13:01,680 --> 01:13:05,080
platform that I need. 
And I'm banking on the fact that

1372
01:13:05,080 --> 01:13:08,640
governments are not going to get
less controlling. 

1373
01:13:09,200 --> 01:13:12,480
I'm banking on the fact that 
more people are going to need an

1374
01:13:12,480 --> 01:13:16,280
alternative to this centralized 
tyrannical banking environment. 

1375
01:13:16,480 --> 01:13:19,160
And I'm banking on the fact that
Bitcoin is the obvious answer. 

1376
01:13:19,400 --> 01:13:22,640
I think I'm like pretty 
logically sound and protected in

1377
01:13:22,640 --> 01:13:26,480
those three assumptions. 
I would agree, 100% agree. 

1378
01:13:26,480 --> 01:13:28,720
Well, Adam, this has been a 
great rip. 

1379
01:13:28,960 --> 01:13:32,680
I'm glad I did just let you rip 
it because not only do people 

1380
01:13:32,680 --> 01:13:35,360
get more familiar with you and 
what you're dealing with, 

1381
01:13:35,800 --> 01:13:38,440
they're familiar with Bitcoin. 
Well, and it really goes into 

1382
01:13:38,640 --> 01:13:41,640
one of the main themes that I 
try to push across in the 

1383
01:13:41,640 --> 01:13:46,160
culture segment every single day
is once you get on a Bitcoin 

1384
01:13:46,160 --> 01:13:49,120
standard, once you're able to 
free yourself from, you know, 

1385
01:13:49,120 --> 01:13:53,160
the Fiat rat race, then you 
start to think like an 

1386
01:13:53,160 --> 01:13:54,840
entrepreneur. 
And most Bitcoiners are just 

1387
01:13:54,840 --> 01:13:57,360
building products that they want
for themselves. 

1388
01:13:57,360 --> 01:14:00,880
And This is why the free market 
will out compete any government 

1389
01:14:00,880 --> 01:14:04,080
out there or any centralized 
control, because we're just 

1390
01:14:04,080 --> 01:14:06,520
building products that we want 
to see and we can move very 

1391
01:14:06,520 --> 01:14:09,960
quickly and be very nimble. 
And This is why the Bitcoin 

1392
01:14:09,960 --> 01:14:12,560
network will win. 
This is why Bitcoiners will 

1393
01:14:12,560 --> 01:14:16,120
continue to win. 
It's all good being a Bitcoin. 

1394
01:14:16,160 --> 01:14:20,160
I mean, it's so awesome being. 
A It's like, imagine somebody 

1395
01:14:20,160 --> 01:14:23,720
betting against oxygen, like in 
the early days. 

1396
01:14:23,720 --> 01:14:25,760
That's how dumb it is to bet 
against Bitcoin. 

1397
01:14:25,880 --> 01:14:27,520
Or electricity. 
Or the car. 

1398
01:14:27,520 --> 01:14:30,520
Or the wheel. 
It's like, no, no, no, gravity. 

1399
01:14:30,520 --> 01:14:32,480
Gravity won't stick around 
forever. 

1400
01:14:32,480 --> 01:14:35,560
That's just a fad. 
This crazy guy is having apples 

1401
01:14:35,560 --> 01:14:37,800
fall on his head. 
That's where gravity comes from.

1402
01:14:37,800 --> 01:14:41,480
It's like Bitcoin is a protocol.
It is something that cannot be 

1403
01:14:41,480 --> 01:14:45,760
erased and it's the best 
possible place to store our our 

1404
01:14:45,760 --> 01:14:47,840
value. 
So let's go Bitcoin and self 

1405
01:14:47,840 --> 01:14:48,800
custody. 
Let's keep winning. 

1406
01:14:49,240 --> 01:14:52,200
Let's go. 
Well guys, Adam, let me put you 

1407
01:14:52,200 --> 01:14:53,560
behind the scenes as I wrap this
one up. 

1408
01:14:53,560 --> 01:14:55,240
But really appreciate you coming
on. 

1409
01:14:55,400 --> 01:14:59,000
You know, the Opti OB takeover 
was pretty lit high energy. 

1410
01:14:59,000 --> 01:15:01,240
We were both geeked on coffee 
the whole show. 

1411
01:15:01,240 --> 01:15:04,480
So, you know, high energy. 
Yo, but I energy today I had 

1412
01:15:04,480 --> 01:15:07,120
that Maple syrup coffee, which 
we do here in Canada. 

1413
01:15:07,160 --> 01:15:10,040
So it's like it's that next 
level geek. 

1414
01:15:10,240 --> 01:15:13,160
So sugar crash incoming. 
Got it right now. 

1415
01:15:14,680 --> 01:15:15,880
All right, hang out behind the 
scenes. 

1416
01:15:15,880 --> 01:15:18,880
Adam, really appreciate you. 
Let me wrap this show up guys. 

1417
01:15:19,240 --> 01:15:25,840
This was I'm blanking on the 
what number episode episode 1057

1418
01:15:26,040 --> 01:15:30,800
today is Tuesday, August 20, and
this is your simply Bitcoin. 

1419
01:15:31,200 --> 01:15:33,800
Do you appreciate the show you 
think we provide value like 

1420
01:15:33,800 --> 01:15:36,760
share, subscribe, share this to 
your normies, share this to 

1421
01:15:36,760 --> 01:15:39,280
anyone that will listen. 
I know we're very Bitcoin 

1422
01:15:39,280 --> 01:15:40,880
centric. 
We speak in a lot of Bitcoin 

1423
01:15:40,880 --> 01:15:43,960
words, but once you get down the
rabbit hole and you end up at 

1424
01:15:43,960 --> 01:15:46,560
simply Bitcoin, you realize 
there's so much more to the 

1425
01:15:46,560 --> 01:15:48,880
world than you've been told. 
And that is the goal here. 

1426
01:15:48,880 --> 01:15:51,960
So come back tomorrow. 
We will be back to our normally 

1427
01:15:51,960 --> 01:15:55,880
scheduled programming with the 
one and only Miko Jones. 

1428
01:15:55,960 --> 01:15:58,480
Until that, have a good rest of 
your day, get outside, touch 

1429
01:15:58,480 --> 01:16:01,080
some grass, eat some good food, 
call the people you love. 

1430
01:16:01,080 --> 01:16:02,640
This is the way. 
Get a workout in. 

1431
01:16:02,640 --> 01:16:05,120
You know, all these things is 
what makes you a better 

1432
01:16:05,120 --> 01:16:08,120
Bitcoiner. 
On that note, guys, it's been 

1433
01:16:08,120 --> 01:16:10,400
your boy Opti salute. 
Peace out. 

1434
01:16:14,520 --> 01:16:18,040
It was brought to you by 
bitcoinwell.com on a mission to 

1435
01:16:18,040 --> 01:16:19,360
enable independence.