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Yo, we're gonna simply Bitcoin 
live with your number one source

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for the peaceful Bitcoin 
Revolution weaker, breaking news

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culture, medic Warfare, we will 
be your guide through the 

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separation of money and state. 
We do have that type of news 

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today, I'm very excited to 
cover. 

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It kind of cope from, you know, 
the our friends over at the 

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European Central Bank, you have,
Christine Lagarde, literally 

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blaming the weather for 
inflation. 

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So we're going to play you that 
clip and we'll talk about it. 

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And of course we have Fabio 
Panetta who's behind these 

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Central Bank, digital currency 
initiative in Europe, coming out

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with me, Maddox on Twitter, 
basically, bashing Bitcoin. 

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The idea of Bitcoin how can 
never be a money. 

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Why you need it? 
You need a central bank for 

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financial stability. 
Etc, etc, etc. 

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And that's fine. 
And dandy fine. 

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You maybe, you could maybe make 
the argument that that central 

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banks have done a good job in 
Europe, you know. 

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But in most of the world that, 
you know, in most of the world's

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countries whether it's 
Argentina. 

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Or turkey or Venezuela, those 
central banks. 

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In those countries, they don't 
have the ability to just create 

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print money without causing 
ridiculous inflation. 

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So, this idea that somehow 
central banks have done their 

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job and that Bitcoin is not a 
viable. 

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Alternative is just it's a bit 
of financial privilege and it's 

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a bit of gas lighting, right? 
But we're getting to the point 

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in the movie where I think 
they've ran out of excuses, say 

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feedings done this great job 
where he has this this giant 

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thread of All these different 
excuses as to why inflation is a

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thing, blaming everything and 
anything, but themselves, which 

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is I find. 
Absolutely hilarious should not 

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come as a surprise to you if 
you're a Bitcoin, ER, and then 

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they're in the culture segment, 
I'm actually really really 

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excited because we're going to 
cover a very, very interesting 

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topic. 
I'm going to bring up my 

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legendary co-host, who's an HD 
today? 

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The only Optimist Fields. 
I got new internet finally 

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hooked up into five or so. 
Hopefully, this is looking good.

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But yeah, man. 
I am super excited for today's 

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culture. 
We got co-founder and CEO of 

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Terror wolf and we got linked up
because they had some good news 

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story the other, I don't know, 
maybe like a month or so ago 

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about plugging Bitcoin miners 
into nuclear power and you know 

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how that gets us excited. 
So we're going to go all in on 

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Terra wolf today and I think you
guys are going to truly enjoy 

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today's episode, let's get into 
this nuclear nuclear Bitcoin. 

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Nuclear Bitcoin, what's up? 
Ms are, welcome to the show. 

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Happy to have you. 
Thanks for having me. 

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I'm very happy to be here. 
Why don't you give everyone a 

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quip quick elevator pitch of 
what is Tara? 

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Wolf, sure terrible, fizzes 
zero-carbon Bitcoin miner, my 

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partner, co-founder and I found 
a company in January of twenty, 

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twenty one. 
Before that, we've been 

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operating owning developing 
power plants across the world. 

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So, at our Peak, we had over 5 
gigawatts, it's 5,000. 

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Megawatts of capacity. 
So we are intimately familiar. 

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No, you're with, how do you 
produce power, where you sell 

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Power, what's the value of that 
power? 

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And what really got me into 
Bitcoin was really just 

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understanding the interplay 
between Mining and the energy 

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grid. 
And that's when I started 

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looking at Bitcoin, this is 
probably back in 1718 once I 

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understood Bitcoin. 
I was like this thing. 

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This is Bitcoins amazing in and 
of itself. 

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And when you really think about 
how power and energy integrates 

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with the mining, it became even,
you know, even more amazing, 

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just giving our background. 
And so we started kind of mining

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in 2019 time frame just on her 
own. 

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Again, this whole idea that, you
know, we understand how power is

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produced where it's produced, 
what's the value of that power? 

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And we think about Bitcoin 
mining. 

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It's all about the lowest cost 
of production and so having that

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sophisticated Nuance 
understanding of how to procure 

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energy at a good price, not just
today. 

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But you know tomorrow five years
from now, seven years from now 

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and understanding the regulatory
construct in which energy and 

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power operates in that, we know 
we thought was critical. 

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And so when I started having 
discussions with people, Space, 

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you know I said, hey I don't 
know how to mine Bitcoin but I 

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know power, let me talk to 
people whom I Bitcoin, it became

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very apparent to me that most 
people had no idea what they're 

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talking about, respect and power
that work that we're Mining. 

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And so you know, we don't think 
we're Geniuses but you know, 

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we've been doing power for 20 
years. 

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We said, hey, you know, we have 
a lot to add here and when we 

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think about Bitcoin mining, it's
really energy infrastructure 

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that drives Bitcoin mining and 
again the ability to deliver 

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your hash to the network at the 
lowest cost possible. 

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That's both efficiency and 
operations, the cost of 

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production in terms, your cost 
of power and obviously just 

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efficiency or minor. 
So we had terrible, we have two 

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sites, 21, and Upstate New York,
we retired the last two coal 

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plants, the state of New York, 
those coal plants, we bought 

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them knowing that we would 
preside over the retirement of 

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those facilities. 
So we weren't out there saying, 

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hey we're going to run coal 
plants for 20 years. 

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We've bought them knowing that 
we would retire those two 

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facilities and we did at the 
time. 

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Your this is And we met with the
governor's office. 

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And I told them at that time, I 
said, listen, we know we're 

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going to preside over their time
of these facilities. 

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We are going to transition these
facilities. 

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You know, we've got about 700 
megawatts of interconnection 

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capability at one site in 
particular. 

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That's our Upstate New York site
now where the grid is fully 

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developed around. 
Moving 700, megawatts of power 

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in and out of the site. 
And the easiest thing to do is 

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actually to retire, this coal, 
plant, what's more difficult is,

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what do you do with the site 
afterwards? 

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And so, at the time, I I know 
what we were going to do, but I 

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knew that we were going to do 
something electrically, right? 

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So that's how again going back 
to 2016. 

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We had this idea that utilizing 
energy, infrastructure, 

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utilizing the grid and being 
able to understand how to bring 

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loads or bring loads to sites, 
you know, could be beneficial to

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the grid. 
So that's one side and Upstate 

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New York. 
It's 110 megawatts, the total 

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capacity. 
We just announced last week that

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we brought our second building 
online. 

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At that site. 
We set about 25 miles away from 

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the high Agri Hydro facility. 
So, 91 percent plus of the 

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carpet, the key H electricity, 
we consume at that site. 

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Come from zero-carbon energy, 
source, and we've got a plan to 

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bring that to 100%, you know, in
the next few years that site has

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the capability to be up to, you 
know, 500 megawatts over time 

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and so we're actually working on
thinking about, you know, kind 

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of next phases at that site. 
Second site that we have was the

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announcement you referred to 
earlier around a nuclear site. 

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So we have 50 megawatts of 
operating capacity at the 

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Susquehanna nuclear facility. 
We think it's, I think it's the 

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largest behind the meter on 
Operation for nuclear-powered 

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Bitcoin in the country. 
A 100% of the kilowatt hours of 

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electricity, that supplies their
come from a zero-carbon energy 

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source called this nuclear power
plant. 

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And again, when you think about 
why we located there, it's the 

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same thing, you know. 
Nuclear power plant wants to 

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have want to be able to run at a
high level of capacity. 

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At all hours of the day, you 
know where the market is today 

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that pricing doesn't support 
that and so having an energy 

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synchronous load called Bitcoin 
mining you know was To that 

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operator there. 
It's a two-and-a-half gigawatt 

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site. 
We've got the ability to expand 

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another 50 megawatts there as 
well. 

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And so when we look at our 
portfolio, we got two sites 

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again nuclear, you know, 100% 
zero carbon Hydro, you know, 91 

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percent plus the, you know, zero
carbon and again we're doing 

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that because having, you know, 
we think the entire grid is 

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decarbonizing and so we think 
we're ahead of the curve and in 

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the we're in the head of the 
curve. 

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In a way that we also think that
we're getting the benefit of 

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Lowest price possible in the 
market. 

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So that's kind of critical to 
what we do and so we pride 

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ourselves on being energy, 
infrastructure, operators and 

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understanding again kind of how 
the energy grid works and being 

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able to locate the Bitcoin 
mining loads in the most 

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efficient way. 
And part of what I've been doing

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in the last couple years, you 
know is for 20-plus years. 

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Again, we were talking to 
Regulators utilities you know in

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the power space is educating 
people about what Bitcoin mining

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really is, right? 
I mean, I think there's a lot of

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misunderstanding. 
Maybe it's laziness nonpartisan 

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people, not to spend the time to
understand what's going on. 

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But, you know, when you really 
understand how Bitcoin mining 

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load works, it can be very 
accretive to the operation of 

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the overall grid. 
And so, you know, I spent a lot 

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of time trying to again 
demystify and educate them and 

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say, hey, it's just take away 
labels. 

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You know, sometimes labels carry
a lot of weight to them. 

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Let's just kind of take labels 
aside and think about what these

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loads are how they work. 
And how when done properly, 

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right? 
When done properly how best they

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can kind of integrate into the 
grid. 

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And, you know, I'm, you know, 
and I think we as bitcoiners 

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also need to be honest, you 
know, with others, especially 

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those kind of on the outside and
saying, you know, there's a 

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right way to do this and there's
not a right way to do this. 

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And so, I think, you know, part 
of the thing is, we need to kind

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of highlight the people. 
What is right way to do it. 

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And again, if done properly this
response of load called Bitcoin 

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mining and I think is you know 
going to be a critical resource 

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to the overall decarbonization 
the grid 100%, I think and and 

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what's interesting is the we 
always make this theory of the 

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case Fred Segal. 
Lead to bitcoin energy, 

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producers are inevitably going 
to run into Bitcoin, I don't 

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think. 
And of course, you know, you 

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have a lot more experiences are 
and please correct me. 

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If you think I'm wrong in the 
statement where Bitcoin miners /

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like they they're this unique 
thing where they're able to 

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turn. 
Otherwise stranded energy, 

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you're wasted energy. 
However, which way you want to 

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frame it into money, right? 
And I don't think any other, I 

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can't think of any other tool or
any technology that has that 

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capability. 
And because of that, that I 

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think that's what makes Bitcoin 
mining, so attractive to energy 

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players as a whole. 
I think that's why, you know, 

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you know, you have energy 
companies, like she'll 

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ConocoPhillips, whether it's 
gas, prom in Russia, tepco in 

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Japan, they're all looking at 
this and they're saying, hey 

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wait a second, there might be 
something here, right? 

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So and you know, based on what 
you were just saying, just now, 

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it seems like you had a very 
similar story. 

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You had a background in energy 
production and then you look at 

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Bitcoin and, you know, it's, I 
feel like it's a match made in 

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heaven. 
I think it's, it's All roads 

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lead to bitcoin. 
It's, you know, it's it's so 

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it's so obvious in hindsight, I 
guess. 

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Yeah. 
And I think, you know, the, when

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you think about the power grid, 
right? 

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It's all based on system 
utilization, right? 

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So, you know, the grid is design
your, there's 8760 hours in the 

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year and at 2 a.m. on any given 
day, the demand and the system 

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is fairly low, right? 
Most people are sleeping. 

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There's some, some, some Demand 
by 2:00 in the afternoon. 

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Soon you know demands probably 
doubled from where it was at 

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2:00 in the morning. 
You know people get up this are 

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going to work you know. 
Office is open up schools, open 

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up and so there's a significant 
gap between you know kind of 

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peak demand in any given day and
kind of the trough of demand. 

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But the system is designed to be
not only just Peak Demand on the

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average day but Peak demand the 
super Peak Demand, right? 

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The 200 200 hours a year where 
the demand is the highest right 

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when it's 105 degrees outside 
and everyone's on their air 

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conditioning. 
And so the system is designed to

225
00:11:06,800 --> 00:11:08,500
meet that. 
So by definition Mission right 

226
00:11:08,600 --> 00:11:12,600
by definition, the most Vivid, 
the vast majority of the hours. 

227
00:11:12,600 --> 00:11:15,200
In the year. 
The system, the electric grid is

228
00:11:15,200 --> 00:11:17,200
effectively being underutilized,
right? 

229
00:11:17,200 --> 00:11:19,100
That means the transmission 
lines are under your lies. 

230
00:11:19,300 --> 00:11:21,300
That means the generation 
sources are underutilized. 

231
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And now you layer on top of 
that, the fact that almost all 

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of the capacity that's being 
added to the grid is 

233
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intermittent nature, right? 
Whether it's a solar facility or

234
00:11:30,600 --> 00:11:34,300
win facility, those operate, you
know, 30, 35, you know, maybe 

235
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40% of the hours of the year and
so, when they're there, Are 

236
00:11:37,900 --> 00:11:40,600
there great, it's a zero 
marginal cost product, but when 

237
00:11:40,600 --> 00:11:42,500
they're not there, you know, 
something kind of needs to fit 

238
00:11:42,500 --> 00:11:46,700
the fill that void and so again 
having a load that can be 

239
00:11:46,700 --> 00:11:50,000
responsive to the changes in 
what's happening on the supply 

240
00:11:50,000 --> 00:11:54,700
side is critical and I tell 
people you know the way the grid

241
00:11:54,700 --> 00:11:56,700
operates right? 
Effectively the Paradigm is 

242
00:11:57,000 --> 00:11:59,600
being flipped on its head, you 
know, if you go back 30 years 

243
00:11:59,600 --> 00:12:03,200
ago the system was designed 
where the supply would follow 

244
00:12:03,200 --> 00:12:06,200
the demand. 
And so again like I said to Anna

245
00:12:06,200 --> 00:12:10,700
to am on any given day. 
Demand is fairly low 2 p.m. you 

246
00:12:10,700 --> 00:12:12,300
know kind of ramps up over the 
course of the day. 

247
00:12:12,300 --> 00:12:15,000
And so all of these thermal 
generators called, coal plants. 

248
00:12:15,000 --> 00:12:17,000
Gasp a sweet, kind of ramped up 
to meet that Demand, right? 

249
00:12:17,000 --> 00:12:19,800
You had dispatchable generation 
to meet that demand. 

250
00:12:20,200 --> 00:12:22,600
What we're doing now is is all 
the coal plants, we gone away, 

251
00:12:23,200 --> 00:12:25,900
you know, gas plants. 
I think, you know, we're a 30 

252
00:12:25,900 --> 00:12:27,800
year time frame will be 
challenged as well. 

253
00:12:28,100 --> 00:12:30,900
And so in every new Mega Watt 
that's being added is 

254
00:12:30,900 --> 00:12:33,300
intermittent and nature, right? 
And so now all the sudden, when 

255
00:12:33,300 --> 00:12:36,000
the winch, when the sun shines 
in the Wind Blows, there's 

256
00:12:36,000 --> 00:12:38,200
energy there. 
And when it doesn't It's not 

257
00:12:38,200 --> 00:12:41,600
there. 
And so having the demand side 

258
00:12:41,600 --> 00:12:44,100
now, be able to kind of follow 
the supply side. 

259
00:12:44,100 --> 00:12:46,700
You know, is you know, what we 
see is kind of, you know, how 

260
00:12:46,700 --> 00:12:48,500
the energy grids going to 
transition. 

261
00:12:48,800 --> 00:12:52,000
And once the most kind of 
efficient and effective response

262
00:12:52,000 --> 00:12:54,000
of low, that's out there, it's 
Bitcoin mining, right? 

263
00:12:54,000 --> 00:12:57,400
I mean, in any time in increment
you know exactly what your 

264
00:12:57,400 --> 00:13:00,900
marginal cost of producing 
Bitcoin is unit cost of power 

265
00:13:00,900 --> 00:13:02,400
than our cashier in the price of
Bitcoin. 

266
00:13:02,700 --> 00:13:06,000
So every 10 minutes you've got 
two very economically rational 

267
00:13:06,000 --> 00:13:09,400
decision to make with respect to
You be an energy sink and right,

268
00:13:09,400 --> 00:13:12,100
I call these Bitcoin mining, 
loads is energy tanks, and so, 

269
00:13:12,400 --> 00:13:15,300
responsive loads, you know, 
Bitcoin mines as responsive 

270
00:13:15,300 --> 00:13:18,800
loads and being properly 
integrated grid, you know, are 

271
00:13:18,900 --> 00:13:22,300
the key to decarbonization as we
know it. 

272
00:13:22,300 --> 00:13:24,800
And in a lot of people say, Hey,
you know, Bitcoin mining is, you

273
00:13:24,808 --> 00:13:27,300
know, not that big and grand 
scheme of things. 

274
00:13:27,300 --> 00:13:29,300
Not that huge. 
Yeah, it may be. 

275
00:13:30,100 --> 00:13:33,600
But when you think about how 
responsive load should work, you

276
00:13:33,600 --> 00:13:36,500
know, I think the Bitcoin miners
are the kind of the textbook 

277
00:13:36,500 --> 00:13:37,900
case of how those should work. 
Right. 

278
00:13:37,900 --> 00:13:41,500
So I think we as Bitcoin miners 
has said you know there's a lot 

279
00:13:41,500 --> 00:13:44,400
of Education that goes around it
so we're talking to grid 

280
00:13:44,400 --> 00:13:47,100
operators right educating them 
again around the value 

281
00:13:47,100 --> 00:13:50,100
responsive loads and how to kind
of the Grid. 

282
00:13:50,200 --> 00:13:52,400
It's more efficient and 
effective for the grid to pay 

283
00:13:52,400 --> 00:13:55,800
for that responsiveness. 
From a demand-side resource like

284
00:13:55,800 --> 00:13:58,500
a Bitcoin mining load versus 
trying to just build more stuff,

285
00:13:58,500 --> 00:14:00,100
right? 
The the alternative to 

286
00:14:00,100 --> 00:14:03,100
decarbonize the grid and not 
having responsive loads just 

287
00:14:03,100 --> 00:14:05,800
build more stuff, more wind 
farms, more transmission lines, 

288
00:14:05,800 --> 00:14:07,600
more solar facilities, not cost 
a lot of money. 

289
00:14:07,800 --> 00:14:11,000
Takes a lot of time. 
And so again it's not just kind 

290
00:14:11,000 --> 00:14:13,700
of the accretion that comes 
through having a responsive load

291
00:14:13,700 --> 00:14:17,100
and balancing the grid out in 
times of stress but also over 

292
00:14:17,100 --> 00:14:19,100
the long run. 
You know I think from a capital 

293
00:14:19,100 --> 00:14:23,100
perspective again focusing on 
the demand side and focusing on 

294
00:14:23,100 --> 00:14:25,400
the ability to integrate 
responsive loads into the grid, 

295
00:14:25,700 --> 00:14:28,400
will significantly decrease the 
total Capital required to kind 

296
00:14:28,400 --> 00:14:29,500
of the Cartwright's grid as 
well. 

297
00:14:29,500 --> 00:14:31,900
And so again, there's a lot, you
know, I'm saying here but you 

298
00:14:31,908 --> 00:14:34,500
know, there's a lot that's kind 
of embedded within mining that 

299
00:14:34,500 --> 00:14:37,300
just kind of goes beyond the 
day-to-day that also over the 

300
00:14:37,300 --> 00:14:39,700
long term. 
ERM I think is critical to 

301
00:14:39,700 --> 00:14:41,900
where, you know, with grids 
going to get to beautiful. 

302
00:14:41,900 --> 00:14:45,100
Yeah, it's almost like another 
one of those situations where 

303
00:14:45,100 --> 00:14:47,800
Bitcoin really truly does fix 
things. 

304
00:14:47,800 --> 00:14:49,300
Anyways, everybody no more 
delay. 

305
00:14:49,300 --> 00:14:51,500
Let's jump straight into numbers
and we'll get back to this 

306
00:14:51,600 --> 00:14:53,700
particular topic. 
During the culture segment, 

307
00:14:53,700 --> 00:14:59,500
let's start the show. 
The Bitcoin numbers brought to 

308
00:14:59,500 --> 00:15:01,800
you by novel. 
At this point, you should be 

309
00:15:01,800 --> 00:15:04,300
running your own Bitcoin note. 
If you don't use your own 

310
00:15:04,300 --> 00:15:07,600
Bitcoin node, you're trusting 
someone else's run your own 

311
00:15:07,600 --> 00:15:09,700
version of Bitcoin core. 
The lightning Network, 

312
00:15:09,700 --> 00:15:13,700
whirlpool, and Dojo all from the
comfort of your own home. 

313
00:15:13,900 --> 00:15:17,000
And if your digital Nomad, you 
have absolutely no excuse 

314
00:15:17,000 --> 00:15:19,900
because now you can run a novel 
through a virtual private 

315
00:15:19,900 --> 00:15:22,100
server. 
Visit not all Dottie you today. 

316
00:15:22,800 --> 00:15:24,600
Everybody I want to tell you 
about the largest Bitcoin 

317
00:15:24,600 --> 00:15:25,800
conference on the face of the 
Earth. 

318
00:15:26,100 --> 00:15:28,500
It's Bitcoin 2024. 
It's not going to be in Miami 

319
00:15:28,500 --> 00:15:29,700
this year. 
It's going to be in Nashville, 

320
00:15:29,700 --> 00:15:33,800
Tennessee, July 25th through the
27th 2024 and you can take 

321
00:15:33,800 --> 00:15:36,800
advantage of the early bird 
tickets specials, you can get a 

322
00:15:36,808 --> 00:15:41,200
g a ticket for 299. 
You get an industry pass. 4749, 

323
00:15:41,200 --> 00:15:45,000
you get a will pass or 4499 and 
you can take advantage of the 

324
00:15:45,000 --> 00:15:47,800
promo code simply to get 
yourself a major discount to 

325
00:15:47,800 --> 00:15:50,400
bitcoin 2024. 
At the time of recording, the 

326
00:15:50,400 --> 00:15:52,200
Bitcoin price is thirty 
thousand, three hundred and 

327
00:15:52,200 --> 00:15:57,800
twenty cents per dollar. 3290 8,
block height, 196,000 28 

328
00:15:57,800 --> 00:16:00,400
reachable, Bitcoin node 
seventeen thousand ninety six 

329
00:16:00,600 --> 00:16:06,300
blocks to having 40 3972 having 
estimate, April 21st, 2024 total

330
00:16:06,300 --> 00:16:12,100
lightning network capacity. 5436
capacity value 164 million u.s. 

331
00:16:12,100 --> 00:16:15,900
dollars realized monetary 
inflation 1.76 percent and the 

332
00:16:15,900 --> 00:16:20,900
market capitalization of Bitcoin
588 billion dollars with Abby. 

333
00:16:21,000 --> 00:16:22,600
Anyways I want to play you a 
video of opt. 

334
00:16:22,600 --> 00:16:26,100
He's ex girlfriend Christine 
Lagarde and we're getting To the

335
00:16:26,100 --> 00:16:28,000
point in the movie, where the 
central Bankers are blaming 

336
00:16:28,000 --> 00:16:31,600
anything and everything but 
themselves for being the cause 

337
00:16:31,600 --> 00:16:33,800
of inflation, this is not a 
parody. 

338
00:16:33,800 --> 00:16:35,900
This is a real video. 
Let's check it out. 

339
00:16:36,000 --> 00:16:40,900
I'm a change affect inflation. 
And inflation is the Beast that 

340
00:16:40,900 --> 00:16:43,800
all Central Bankers, whether 
they were a green jacket or not.

341
00:16:44,900 --> 00:16:49,300
Want to tame and discipline 
number two, because it affects 

342
00:16:49,300 --> 00:16:53,000
our balance sheet. 
Whether it's a three trillion or

343
00:16:53,000 --> 00:16:56,300
a seven trillion balance sheets,
it is affected by climate 

344
00:16:56,300 --> 00:16:59,000
change, climate change effects 
in three. 

345
00:16:59,000 --> 00:17:01,000
Ladies and gentlemen, the 
weather, the weather is 

346
00:17:01,000 --> 00:17:03,800
affecting inflation and the 
central Bankers. 

347
00:17:03,800 --> 00:17:06,500
They want to tame the Beast of 
inflation even though they are 

348
00:17:06,500 --> 00:17:10,900
the primary cause of inflation. 
Here's say 15 who just came on 

349
00:17:10,900 --> 00:17:12,900
simply Bitcoin IRL. 
By the way, I really recommend 

350
00:17:12,900 --> 00:17:16,200
that episode if you guys haven't
checked it out and he's very 

351
00:17:16,200 --> 00:17:18,700
long thread on, I don't have 
time to go through every single 

352
00:17:18,700 --> 00:17:21,200
one of these but it's just just 
to kind of give you an idea. 

353
00:17:21,300 --> 00:17:25,300
Idea that everything, but money 
printing is the cause of 

354
00:17:25,300 --> 00:17:27,500
inflation. 
So he starts off the thread by 

355
00:17:27,500 --> 00:17:29,000
saying. 
Daily reminder that a Fiat 

356
00:17:29,000 --> 00:17:31,500
Economist is someone who 
believe. 

357
00:17:31,500 --> 00:17:33,700
Absolutely. 
Anything causes price Rises, 

358
00:17:33,700 --> 00:17:35,600
accept an increase in the money 
supply. 

359
00:17:35,800 --> 00:17:38,000
Here's an article from the 
financial times which we call 

360
00:17:38,000 --> 00:17:41,200
the Fiat times here at simply 
Bitcoin does Beyonce blamed for 

361
00:17:41,200 --> 00:17:43,300
stubbornly high Swedish 
inflation. 

362
00:17:43,700 --> 00:17:45,700
That's right. 
Pop stars are causing inflation.

363
00:17:45,700 --> 00:17:49,800
Here's another example, spotted 
in Warsaw Poland in front of the

364
00:17:49,800 --> 00:17:53,500
Polish Central Bank, In cause of
inflation Russian aggression in 

365
00:17:53,500 --> 00:17:56,100
Ukraine, the pandemic and its 
consequences. 

366
00:17:56,400 --> 00:17:58,400
Here's another one from the 
Toronto Star. 

367
00:17:58,500 --> 00:18:01,900
Hi food costs are quote. 
Now the new normal as labor, 

368
00:18:01,900 --> 00:18:04,900
shortages and extreme climate 
events, continue to plague the 

369
00:18:04,900 --> 00:18:08,200
sector. 
Here's another one protects, 'it

370
00:18:08,200 --> 00:18:10,900
is to blame for inflation. 
Here's another one. 

371
00:18:11,100 --> 00:18:14,000
What caused u.s. pandemic are 
inflation, Ben Bernanke and 

372
00:18:14,000 --> 00:18:17,400
Oliver blond chart layout. 
How it started with supply-side 

373
00:18:17,400 --> 00:18:20,200
constraints, and has now, 
shifted to labor market 

374
00:18:20,200 --> 00:18:23,900
tightness, which Is having 
quote, a more significant role 

375
00:18:23,900 --> 00:18:27,000
in pushing prices up here is an 
example. 

376
00:18:27,000 --> 00:18:28,600
I can't read French, guys. 
I apologize. 

377
00:18:28,600 --> 00:18:31,300
Here's another one, I know how 
much High inflation is hurting 

378
00:18:31,300 --> 00:18:33,300
families and businesses across 
the country. 

379
00:18:33,400 --> 00:18:35,900
But why is inflation 
particularly high in the in the 

380
00:18:35,900 --> 00:18:41,000
in the UK especially food prices
goes on to say, say 15 says the 

381
00:18:41,000 --> 00:18:44,200
most entertaining sport to watch
over the next two years will be 

382
00:18:44,200 --> 00:18:47,200
the most the mental gymnastics 
of Fiat economists explaining to

383
00:18:47,200 --> 00:18:48,800
you. 
Why locking people at home? 

384
00:18:49,000 --> 00:18:51,200
Banning them from work and 
printing trillions of dollars. 

385
00:18:51,300 --> 00:18:54,900
They're actually unrelated to 
price Rises and economic crisis 

386
00:18:55,100 --> 00:18:57,900
and I just want to play the 
video One More Time biopsies ex 

387
00:18:57,900 --> 00:19:00,900
girlfriend, Christine Lagarde, 
blaming the weather for 

388
00:19:00,900 --> 00:19:04,000
inflation climate change affect 
inflation. 

389
00:19:04,400 --> 00:19:07,900
And inflation is the Beast that 
all Central Bankers, whether 

390
00:19:07,900 --> 00:19:12,800
they were green jacket or not. 
Want to tame and discipline? 

391
00:19:13,000 --> 00:19:15,900
That is a heaping pile of dog, 
shit. 

392
00:19:16,400 --> 00:19:21,800
I don't believe it and I think 
say 15, you know, who's a lot 

393
00:19:21,800 --> 00:19:25,700
more qualified than I am. 
Lays out the case but it's just 

394
00:19:25,700 --> 00:19:28,400
absolutely hilarious. 
Like, the mental, gymnastics the

395
00:19:28,400 --> 00:19:32,200
lengths to which these people 
will go to to blame everything 

396
00:19:32,200 --> 00:19:35,300
but themselves. 
Right it is it's forget about 

397
00:19:35,300 --> 00:19:37,400
the increase in the money 
supply. 

398
00:19:37,600 --> 00:19:39,900
You know? 
It is Beyonce, it's a pop star, 

399
00:19:39,900 --> 00:19:42,700
this pops. 
Star, she's 100% responsible, 

400
00:19:42,700 --> 00:19:46,600
the weather is 100% responsible,
the war in Ukraine, the pandemic

401
00:19:46,700 --> 00:19:49,100
but it's never mentioned about 
the trillions of dollars that 

402
00:19:49,100 --> 00:19:51,900
they printed out of thin air. 
It's never talked about, you 

403
00:19:51,900 --> 00:19:56,000
know, and I think bitcoiners are
very highly attuned to this to 

404
00:19:56,000 --> 00:19:57,800
us. 
It's incredibly obvious, but 

405
00:19:57,800 --> 00:19:59,700
it's our job. 
It's our responsibility to 

406
00:19:59,700 --> 00:20:02,400
really wake up the rest of the 
world to this reality. 

407
00:20:02,600 --> 00:20:04,800
Hey guys, you know, it's not 
left first, right? 

408
00:20:04,800 --> 00:20:07,400
It's not red versus blue, it's a
party of green. 

409
00:20:07,400 --> 00:20:09,900
The party of Central Bank, 
digital currencies versus the 

410
00:20:09,900 --> 00:20:12,300
party of order. 
Inches a party of Bitcoin right 

411
00:20:12,300 --> 00:20:14,400
party of Truth. 
So yeah I just think it's 

412
00:20:14,400 --> 00:20:16,800
absolutely hilarious. 
Nazar what's your take on this 

413
00:20:16,800 --> 00:20:22,200
my friend after after you watch 
this video does this come as a 

414
00:20:22,208 --> 00:20:26,300
surprise to? 
You know I mean I think you know

415
00:20:27,600 --> 00:20:30,100
that we had when they know 
whenever people say hey what are

416
00:20:30,100 --> 00:20:31,200
you, what are you up to these 
days? 

417
00:20:31,200 --> 00:20:34,500
I'm Tom and I'm in the Bitcoin 
mining, you know, it's an 

418
00:20:34,500 --> 00:20:38,200
opportunity to kind of talk 
about Bitcoin and kind of value.

419
00:20:38,500 --> 00:20:41,000
And you know I always say hey if
You were too. 

420
00:20:41,100 --> 00:20:43,800
If I were to give you the 
balance sheet of every single 

421
00:20:43,800 --> 00:20:46,300
country in the world and I just 
took away the names, I took away

422
00:20:46,300 --> 00:20:49,600
United States or, you know, UK 
or Japan or take. 

423
00:20:49,600 --> 00:20:53,800
Take take your country and I 
just kind of deleted the name of

424
00:20:53,800 --> 00:20:55,800
the country and I just showed 
you their balance sheet and 

425
00:20:55,800 --> 00:21:00,300
showed you kind of what their 
cost of debt is you'd say, you 

426
00:21:00,308 --> 00:21:02,700
know, all these companies, I 
said that told you there's 

427
00:21:02,700 --> 00:21:04,400
companies, right? 
You say all of them are 

428
00:21:04,500 --> 00:21:06,800
effectively bankrupt, right? 
There's no way they're ever 

429
00:21:06,800 --> 00:21:10,800
going to repay their debt and, 
and Governments. 

430
00:21:10,800 --> 00:21:12,200
Now have kind of accepted that 
there. 

431
00:21:12,200 --> 00:21:15,000
Never repaying the debt, right? 
That's all about what is the 

432
00:21:15,000 --> 00:21:17,300
right debt load, right? 
The idea that they can 

433
00:21:17,300 --> 00:21:21,300
infinitely kind of run and 
they'll be able to again just 

434
00:21:21,300 --> 00:21:25,300
kind of meat that current 
obligation, but never repay. 

435
00:21:25,300 --> 00:21:29,900
The debt is a big shift, right? 
A big shift in how these 

436
00:21:29,900 --> 00:21:32,100
countries are considered. 
And so, when you really push 

437
00:21:32,100 --> 00:21:34,500
people on that and say, hey, 
just just again, let's all 

438
00:21:34,500 --> 00:21:36,700
agree. 
These are just numbers that no 

439
00:21:36,700 --> 00:21:38,900
government ever. 
Going to repay their debt. 

440
00:21:38,900 --> 00:21:41,600
What do you think that means? 
And again, they can kind of Go 

441
00:21:41,600 --> 00:21:44,300
off into different directions 
but cross Bitcoin is right. 

442
00:21:44,300 --> 00:21:46,800
I mean, Bitcoin is the solution 
around that, right? 

443
00:21:46,800 --> 00:21:49,500
I mean, that is the way that 
kind of balances things out, and

444
00:21:49,500 --> 00:21:52,900
so doesn't come as a surprise, 
but I think, you know, there's a

445
00:21:52,900 --> 00:21:55,200
lot of things are going to be 
said over the next, 20, 30, 40 

446
00:21:55,200 --> 00:22:00,100
years, you know, as that truth, 
becomes more and more kind of 

447
00:22:00,100 --> 00:22:02,500
closer to reality, right? 
I mean again, no government, you

448
00:22:02,508 --> 00:22:04,700
know, no government today. 
That exists is ever going to 

449
00:22:04,700 --> 00:22:08,300
repay, you know, how their debts
100% Opti, how do you feel that 

450
00:22:08,300 --> 00:22:12,000
you're responsible for this, you
know this Lying out of 

451
00:22:12,000 --> 00:22:13,600
sustaining the guard. 
You did date her. 

452
00:22:13,600 --> 00:22:16,500
You did date a central Banker. 
You broke her heart. 

453
00:22:16,500 --> 00:22:20,200
And then as Revenge, she decided
to release the Central Bank. 

454
00:22:20,200 --> 00:22:22,900
Digital currencies, how do you 
feel being responsible for this?

455
00:22:23,700 --> 00:22:27,500
Well, I'm not taking any 
personal responsibility for this

456
00:22:27,500 --> 00:22:29,900
Chrissy has completely lost the 
plot. 

457
00:22:30,500 --> 00:22:33,700
My response is bro. 
What like I can't believe this 

458
00:22:33,700 --> 00:22:36,500
is real. 
The weather affects inflation 

459
00:22:36,500 --> 00:22:39,400
this is it's absolutely insane 
and we talk about it all the 

460
00:22:39,400 --> 00:22:42,500
time whether we we have say 15 
on whether it's just you and I 

461
00:22:42,500 --> 00:22:47,300
Nico or whether the way that 
Nazar just pointed it out. 

462
00:22:47,300 --> 00:22:51,400
Like the problem of inflation is
very simple. 

463
00:22:52,300 --> 00:22:56,900
They have expanded the monetary 
Supply like it AKA printing more

464
00:22:56,900 --> 00:22:58,700
money. 
Like this is, this is the 

465
00:22:58,700 --> 00:23:01,400
barebone Simplicity of the 
situation. 

466
00:23:02,100 --> 00:23:04,500
And the excuses are getting 
insane at this point. 

467
00:23:04,500 --> 00:23:08,000
Like it's everything but money 
printer Gober like it's so 

468
00:23:08,000 --> 00:23:10,800
simple. 
Once you really understand, The 

469
00:23:10,800 --> 00:23:14,200
mechanics of what is going on 
here, but I think the real 

470
00:23:14,200 --> 00:23:17,900
signal here Nico is. 
The fact that they wouldn't be 

471
00:23:17,900 --> 00:23:19,900
saying this, if they didn't 
think they could get away with 

472
00:23:19,900 --> 00:23:22,300
this, that they didn't think 
that the average person didn't 

473
00:23:22,300 --> 00:23:26,500
understand how inflation works. 
So you know, they wouldn't have 

474
00:23:26,500 --> 00:23:30,200
said that if they didn't think 
it had a chance of a passing off

475
00:23:30,200 --> 00:23:33,500
as truth. 
So, on the one hand, it makes me

476
00:23:33,500 --> 00:23:36,400
very optimistic. 
That look we know what the 

477
00:23:36,400 --> 00:23:39,700
problem is and we just need to 
spread that signal as much as 

478
00:23:39,700 --> 00:23:42,100
possible and On the other hand, 
it's just like, man, we have 

479
00:23:42,100 --> 00:23:45,200
such an uphill battle because 
the average person doesn't 

480
00:23:45,200 --> 00:23:48,200
understand how economics Works, 
doesn't understand how the 

481
00:23:48,200 --> 00:23:52,400
monetary system works, and 
there's a lot of green grass out

482
00:23:52,400 --> 00:23:55,500
there to teach people, but, you 
know, it's very difficult to get

483
00:23:55,500 --> 00:23:57,700
people to even care about 
economics even though their 

484
00:23:57,700 --> 00:23:59,800
whole lives revolves around it. 
And this is why they're getting 

485
00:23:59,800 --> 00:24:01,500
poorer. 
And this is why we just 

486
00:24:01,500 --> 00:24:05,100
constantly beat on that Meme of 
money printer gelber. 

487
00:24:05,100 --> 00:24:08,800
It's the reason that things are 
going getting more expensive is 

488
00:24:08,800 --> 00:24:12,100
because they are expanding. 
Running Supply, and it's very 

489
00:24:12,100 --> 00:24:15,000
simple. 
But, you know, once you once you

490
00:24:15,008 --> 00:24:19,100
finally unplug, it's hard not to
unsee it, but when you're in it,

491
00:24:19,100 --> 00:24:22,000
it's like safety and said on the
IRL, you know, you're like fish 

492
00:24:22,000 --> 00:24:24,200
in muddy water and you can't 
tell what is going on? 

493
00:24:24,200 --> 00:24:27,100
What's up from down? 
And this is where everyone is 

494
00:24:27,100 --> 00:24:28,500
right now. 
They don't understand how money 

495
00:24:28,500 --> 00:24:29,800
Works. 
They don't understand how the 

496
00:24:29,800 --> 00:24:34,300
economy works and this is by 
Design. 100%, it's literally by 

497
00:24:34,300 --> 00:24:38,500
Design, but this is one of those
things that Bitcoin also fixes 

498
00:24:38,500 --> 00:24:41,300
but it is an educational thing. 
And You know, it really falls 

499
00:24:41,300 --> 00:24:44,500
down to us individuals to really
get the message out there. 

500
00:24:44,500 --> 00:24:46,900
Just want to read a quick 
comment from one of our audience

501
00:24:46,900 --> 00:24:49,100
members, Bitcoin. 
For Canadian says, it's all 

502
00:24:49,100 --> 00:24:51,500
Optics fault. 
He broke her heart and now she's

503
00:24:51,500 --> 00:24:53,800
booked. 
Oh man. 

504
00:24:53,800 --> 00:24:55,000
Alright, everybody no more 
delay. 

505
00:24:55,000 --> 00:24:56,000
Let's jump straight into the 
news. 

506
00:24:56,000 --> 00:24:57,700
We got a lot to talk about it. 
Check it out. 

507
00:25:00,200 --> 00:25:04,800
The Daily News, The Daily News 
is brought to you by block 

508
00:25:04,800 --> 00:25:07,300
stream. 
Jade built by bitcoiners for 

509
00:25:07,300 --> 00:25:09,100
bitcoiners. 
It's an open-source Hardware 

510
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wallet for the cold storage of 
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stream, green, blue wallet, 
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block stream Jay today and take 
self custody of your Bitcoin. 

520
00:25:39,000 --> 00:25:41,200
All right, everybody else, want 
to give a shout-out to the 

521
00:25:41,200 --> 00:25:43,700
orange pill up there building 
the social layer for Bitcoin, as

522
00:25:43,700 --> 00:25:46,000
crazy as this sounds. 
Without the people Bitcoin is 

523
00:25:46,000 --> 00:25:48,600
just ones and zeroes. 
Bitcoin is the people Bitcoin. 

524
00:25:48,600 --> 00:25:51,700
Is you, it's me, it's opted. 
Satoshi, download the orange 

525
00:25:51,700 --> 00:25:54,700
Pearl app for iOS or Android and
connect with other big Corners 

526
00:25:54,700 --> 00:25:57,000
in real life today. 
Find other bitcoiners that live 

527
00:25:57,000 --> 00:26:00,000
near you and you can even go 
into the app totally and on and 

528
00:26:00,000 --> 00:26:02,000
search for other bitcoiners by 
common interest. 

529
00:26:02,000 --> 00:26:05,000
Orangeville app is also the 
world's biggest repository for 

530
00:26:05,000 --> 00:26:07,300
Bitcoin only events. 
If you want to meet other 

531
00:26:07,300 --> 00:26:10,000
bitcoiners in real life, this is
the app for you, sign up through

532
00:26:10,000 --> 00:26:12,500
the App Store and you can even 
pay and SATs. 

533
00:26:12,500 --> 00:26:14,800
And of course opting I 
appreciate all the messages and 

534
00:26:14,800 --> 00:26:17,800
we try to get to each and every 
one of them. 

535
00:26:18,000 --> 00:26:21,400
Anyways, the breaking news for 
today seems like apple is 

536
00:26:21,400 --> 00:26:24,000
continuing to protect their 
moat. 

537
00:26:24,000 --> 00:26:28,200
This is Damas, it is a way to 
interact with the Noster 

538
00:26:28,200 --> 00:26:29,900
protocol. 
On the iPhone. 

539
00:26:30,200 --> 00:26:33,200
And basically, we've been 
covering this for the past week 

540
00:26:33,200 --> 00:26:35,900
or so. 
Apple reached out to Damas and 

541
00:26:35,900 --> 00:26:39,100
they said, hey, you have to 
remove the lightning, the the 

542
00:26:39,100 --> 00:26:42,600
zap feature from the app. 
The zap feature is basically a 

543
00:26:42,600 --> 00:26:47,300
way to tip people using 
lightning with Bitcoin, right? 

544
00:26:47,300 --> 00:26:50,600
So they don't want people they 
don't want they don't want 

545
00:26:50,600 --> 00:26:53,900
people to be able to do that. 
And look as a content creator I 

546
00:26:53,908 --> 00:26:56,800
could show you. 
I post basically each one of our

547
00:26:56,800 --> 00:27:00,800
episodes. 
On, you know, on on my own 

548
00:27:00,800 --> 00:27:05,000
profile on Damas. 
And I used to, I used to get 

549
00:27:05,000 --> 00:27:08,700
tips from people that 
appreciated, my proof of work 

550
00:27:08,900 --> 00:27:11,900
and they would tip me directly 
and, you know, sometimes would 

551
00:27:11,900 --> 00:27:15,000
be 1000 sat, sometimes it would 
be 2,000 sites and it would help

552
00:27:15,000 --> 00:27:18,400
us, you know, pay the bills and 
keep making more content for you

553
00:27:18,400 --> 00:27:22,200
guys and that has been ripped 
away from me as a content 

554
00:27:22,200 --> 00:27:25,100
creator. 
So apple is hurting content 

555
00:27:25,100 --> 00:27:27,100
creators like this is, this is 
ridiculous. 

556
00:27:27,100 --> 00:27:28,800
And what is the reasoning for 
this? 

557
00:27:29,000 --> 00:27:31,100
The reasoning for this is 
obvious, they have their own 

558
00:27:31,100 --> 00:27:35,200
payment platform, which is 
Apple, pay and Apple pay is an 

559
00:27:35,200 --> 00:27:38,400
intermediary, right? 
So it's prone to censorship. 

560
00:27:39,400 --> 00:27:42,600
It's also prone to exorbitant 
amount of fees, right? 

561
00:27:42,600 --> 00:27:44,400
The, you know, the awesome part 
about peer-to-peer is that 

562
00:27:44,400 --> 00:27:47,100
people are zapping me directly 
for my content. 

563
00:27:47,800 --> 00:27:50,800
Damas isn't taking a cut of 
those apps, right? 

564
00:27:50,800 --> 00:27:54,900
So anyways, it goes on to say, 
this is the tweet this morning. 

565
00:27:55,100 --> 00:27:57,100
They said looks like we're 
getting removed from the App 

566
00:27:57,100 --> 00:27:59,700
Store even after updating our 
app to Make it clear that no 

567
00:27:59,700 --> 00:28:01,200
digital content is getting 
unlocked. 

568
00:28:01,200 --> 00:28:04,500
When users are tipped. 
Users are only ever tipped after

569
00:28:04,500 --> 00:28:07,500
posts or made. 
The idea that content is being 

570
00:28:07,500 --> 00:28:10,600
sold is nonsense. 
We will be filing an appeal as 

571
00:28:10,600 --> 00:28:13,900
this guideline is Cooley being 
abused and misapplied. 

572
00:28:13,900 --> 00:28:17,700
And apple has a history of, you 
know, being anti Bitcoin back in

573
00:28:17,700 --> 00:28:21,200
2014, they ban Bitcoin wallets 
from the, from the store. 

574
00:28:21,200 --> 00:28:25,800
And here's the thing because 
apples are closed Garden, right?

575
00:28:25,800 --> 00:28:28,800
You can't download apps that are
outside of the app stores. 

576
00:28:28,900 --> 00:28:32,100
You have to go to this approval 
process, which makes it this 

577
00:28:32,100 --> 00:28:33,600
like single point of failure, 
right? 

578
00:28:33,600 --> 00:28:36,800
It's as weak point that Apple 
will exploit to protect their 

579
00:28:36,800 --> 00:28:39,200
moat. 
I actually anticipated this back

580
00:28:39,200 --> 00:28:42,500
in October of 2022. 
I said that governments were 

581
00:28:42,500 --> 00:28:46,100
going to use this this week 
point, but I was wrong. 

582
00:28:46,100 --> 00:28:48,400
It wasn't government. 
It was a, it was a corporation 

583
00:28:48,500 --> 00:28:50,200
that ended up using this week 
point. 

584
00:28:50,700 --> 00:28:54,500
Now, if, you know, you are using
a desktop Bitcoin Wallet app, I 

585
00:28:54,500 --> 00:28:56,900
think you're immune. 
I think this could potentially 

586
00:28:56,900 --> 00:29:01,000
be used by government to say, 
hey, you can Only allow Bitcoin 

587
00:29:01,000 --> 00:29:04,400
wallets that kyc. 
You can only allow those types 

588
00:29:04,400 --> 00:29:07,500
of wallets to be downloaded from
the App Store and stuff like 

589
00:29:07,500 --> 00:29:10,000
that. 
So I suspect this single point 

590
00:29:10,000 --> 00:29:13,000
of this this week, this week 
point, that doesn't affect 

591
00:29:13,000 --> 00:29:15,000
Android because Android 
apparently you could download 

592
00:29:15,000 --> 00:29:18,400
apps that are not that are 
outside of the App Store of the 

593
00:29:18,400 --> 00:29:21,000
of the Android equivalent app 
store. 

594
00:29:21,000 --> 00:29:24,700
So it's very interesting. 
But again, you know, as a 

595
00:29:24,700 --> 00:29:27,000
content creator, actually feel 
this, this actually hurts me 

596
00:29:27,000 --> 00:29:31,100
because I You get so used to get
zaps and that's what we would 

597
00:29:31,100 --> 00:29:34,100
use to fund ourselves on simply 
Bitcoins. 

598
00:29:34,100 --> 00:29:38,300
So you know this is a this is 
some some BS the to put it 

599
00:29:38,300 --> 00:29:43,600
nicely on the other side before 
I get opt-in as ours thoughts on

600
00:29:43,600 --> 00:29:48,000
the me, Matic Warfare front, the
European Central Bank goes on to

601
00:29:48,000 --> 00:29:49,400
say. 
They came up with another press 

602
00:29:49,400 --> 00:29:51,400
release. 
By the way, this Fabio Panetta 

603
00:29:52,300 --> 00:29:55,900
and Fabio Panetta is behind the 
Central Bank, digital currency 

604
00:29:55,900 --> 00:30:01,500
initiative behind the Europeans,
T'rul bank and you know, they're

605
00:30:01,500 --> 00:30:04,800
playing both sides right? 
This is a press release in 

606
00:30:05,300 --> 00:30:10,700
January, 20 January 23rd, 2023 
also by Fabio Panetta and I 

607
00:30:10,700 --> 00:30:13,200
think the, the language is scary
here, right? 

608
00:30:13,200 --> 00:30:17,300
Which is the digital gyro our 
money, whenever whenever we need

609
00:30:17,300 --> 00:30:22,500
it versus my money, whenever 
whenever I need it. 

610
00:30:22,800 --> 00:30:27,400
It says, we an hour, which is 
interesting, interesting 

611
00:30:28,000 --> 00:30:30,800
vocabulary choices. 
Anyways, here's the article that

612
00:30:30,800 --> 00:30:33,800
I really wanted to focus on this
was released on the 23rd of 

613
00:30:33,800 --> 00:30:36,200
June. 
So about three days ago and the 

614
00:30:36,200 --> 00:30:40,200
name is actually a speech and 
says Paradise Lost how crypto 

615
00:30:40,200 --> 00:30:43,200
failed to deliver on its 
promises and what to do about it

616
00:30:43,400 --> 00:30:46,600
and it kind of goes through a 
bunch of reasonings. 

617
00:30:46,600 --> 00:30:49,100
Obviously, the article is very 
long so I'm going to get going 

618
00:30:49,100 --> 00:30:50,500
really going to be able to read 
some of them. 

619
00:30:51,000 --> 00:30:52,600
One of the reasons is 
instability. 

620
00:30:52,600 --> 00:30:55,400
So another key limitation of 
unbanked cryptos is there 

621
00:30:55,400 --> 00:30:58,100
instability. 
I'm backed cryptos, lack and 

622
00:30:58,100 --> 00:31:00,800
traditions. 
Intrinsic value and have no 

623
00:31:00,800 --> 00:31:04,400
backing reserves or Price, the 
stabilization mechanisms. 

624
00:31:04,700 --> 00:31:08,000
This makes them inherently 
highly volatile and unsuitable 

625
00:31:08,000 --> 00:31:11,600
as a means of payment, Bitcoin 
for instant exhibits volatility 

626
00:31:11,600 --> 00:31:14,500
levels up to four times higher 
than stocks or gold. 

627
00:31:14,600 --> 00:31:17,800
Now, there's a bit of financial 
privilege in that number one. 

628
00:31:17,800 --> 00:31:22,600
Number two, sorry, European 
Central Bank you don't get to 

629
00:31:22,600 --> 00:31:25,100
decide. 
What has intrinsic value or not?

630
00:31:25,100 --> 00:31:27,200
The free market does. 
And the free market is telling 

631
00:31:27,200 --> 00:31:30,300
me that Bitcoin is currently We 
were thirty thousand two hundred

632
00:31:30,300 --> 00:31:32,700
and forty dollars. 
If you're in turkey or in 

633
00:31:32,700 --> 00:31:35,500
Argentina, Bitcoin has already 
made an all-time high in those 

634
00:31:35,500 --> 00:31:39,100
countries and then that leads me
to the other point, which is 

635
00:31:41,300 --> 00:31:49,300
that Bitcoin, perhaps in Europe,
where countries have the 

636
00:31:49,300 --> 00:31:52,300
financial privilege of having 
relatively stable Fiat 

637
00:31:52,300 --> 00:31:54,900
currencies that the inflation 
rate isn't so crazy. 

638
00:31:54,900 --> 00:31:59,500
You can make this argument, but 
if you're in Argentina, this 

639
00:31:59,500 --> 00:32:04,000
Argent this, this argument 
doesn't hold its weight and keep

640
00:32:04,000 --> 00:32:05,500
in mind that they're playing 
both sides because 

641
00:32:05,500 --> 00:32:09,700
organizations, like the IMF part
of the the debt deal that they 

642
00:32:09,700 --> 00:32:13,100
offered Argentina came with the 
conditions that the Government 

643
00:32:13,100 --> 00:32:16,200
of Argentina had 2D incentivize 
the adoption of Bitcoin in the 

644
00:32:16,208 --> 00:32:19,400
country, right? 
So if they really didn't believe

645
00:32:19,400 --> 00:32:21,200
this thing didn't have intrinsic
value. 

646
00:32:21,500 --> 00:32:24,200
If they didn't really believe 
that this thing didn't have, you

647
00:32:24,200 --> 00:32:27,500
know, any type of utility, why 
are they giving Argentina those 

648
00:32:27,500 --> 00:32:29,900
types of deals. 
So, they're playing both sides 

649
00:32:29,900 --> 00:32:32,700
here, right? 
And again, like I'm a big 

650
00:32:32,700 --> 00:32:35,600
believer in incentives. 
Obviously, this guy's the main 

651
00:32:35,600 --> 00:32:38,800
push behind Central Bank digital
currencies and what is bitcoin 

652
00:32:38,800 --> 00:32:41,100
but not a competition to Central
Bank digital currencies. 

653
00:32:41,100 --> 00:32:43,400
I would even make the argument 
that She'll make digital 

654
00:32:43,400 --> 00:32:47,300
currencies were born out of 
necessity because I think 

655
00:32:47,300 --> 00:32:49,500
writing, I think, governments 
and central banks saw the 

656
00:32:49,500 --> 00:32:52,800
writing on the wall and they saw
that, hey, people would if they 

657
00:32:52,800 --> 00:32:55,800
had an, if they had the ability 
or the option to choose an 

658
00:32:55,800 --> 00:33:00,500
alternative they would. 
So it goes on to say, it gives a

659
00:33:00,508 --> 00:33:03,300
bunch of other reasons, right, 
wrist from growing 

660
00:33:03,300 --> 00:33:07,100
centralization of the crypto 
ecosystem, the re-emergence of 

661
00:33:07,100 --> 00:33:09,200
classic financial sector, 
shortcomings and 

662
00:33:09,200 --> 00:33:12,500
vulnerabilities. 
It goes on to say that, you 

663
00:33:12,500 --> 00:33:16,000
know, Oh, that they shouldn't. 
They should isolate the industry

664
00:33:16,000 --> 00:33:17,700
from the traditional Financial 
system. 

665
00:33:18,000 --> 00:33:21,800
So again, it's not like let the 
free market decide what people 

666
00:33:21,800 --> 00:33:24,600
want to choose as their money. 
No, it's the Central Bank 

667
00:33:24,600 --> 00:33:28,500
stepping in and saying this 
isn't money, we have the 

668
00:33:28,500 --> 00:33:32,100
authority to decide what is 
money and you should listen to 

669
00:33:32,100 --> 00:33:33,800
us. 
But these are the same people 

670
00:33:33,800 --> 00:33:37,100
that are also telling you that 
whether is the cause of 

671
00:33:37,100 --> 00:33:40,400
inflation, right? 
So I don't know about you guys 

672
00:33:40,400 --> 00:33:44,100
but I think this is some BS. 
It goes on to say the public 

673
00:33:44,100 --> 00:33:48,000
response, backing regulating 
innovating not giving into to 

674
00:33:48,000 --> 00:33:51,900
the temptation to offer public 
backing to cryptos first attempt

675
00:33:51,900 --> 00:33:54,400
a Shinto offer offer public 
backing to cryptos must be 

676
00:33:54,400 --> 00:33:56,700
resisted. 
The idea of Permitting stable 

677
00:33:56,700 --> 00:33:59,200
coin issuers as non-bank 
financial institutions to hold 

678
00:33:59,200 --> 00:34:02,000
their Reserves at central banks.
Might seem appealing but could 

679
00:34:02,000 --> 00:34:05,000
lead to Serious adverse 
consequences by granting stable 

680
00:34:05,000 --> 00:34:06,400
coins. 
Access to the central bank's 

681
00:34:06,400 --> 00:34:08,500
balance sheet, we would 
effectively outsourced, the 

682
00:34:08,507 --> 00:34:11,100
provision of central bank money 
and I think that's a key word 

683
00:34:11,100 --> 00:34:14,400
there, right? 
Is outsourced to provision. 

684
00:34:14,400 --> 00:34:18,000
So this, I think, in my opinion 
is about just truly about 

685
00:34:18,000 --> 00:34:21,500
keeping power and control. 
And I think this last paragraph 

686
00:34:21,500 --> 00:34:24,600
really summarizes that nicely 
goes on to say this would 

687
00:34:24,600 --> 00:34:27,600
compromise, monetary 
sovereignty, Financial 

688
00:34:27,600 --> 00:34:29,900
stability, keyword there. 
What about the financial 

689
00:34:29,900 --> 00:34:31,800
stability in Venezuela? 
But about the financial 

690
00:34:31,800 --> 00:34:33,600
stability in Turkey. 
What about the financial 

691
00:34:33,600 --> 00:34:36,300
stability in Argentina? 
Those are never talked about, 

692
00:34:36,300 --> 00:34:38,800
right? 
The smooth operation of the 

693
00:34:38,800 --> 00:34:41,199
payment system. 
For example, a stable coin could

694
00:34:41,199 --> 00:34:44,699
display Sovereign money by using
The large customer network of a 

695
00:34:44,699 --> 00:34:47,900
big Tech with far-reaching 
implications there for Central 

696
00:34:47,900 --> 00:34:49,800
Bank. 
Should exercise prudence and 

697
00:34:49,800 --> 00:34:51,900
retain control over their 
balance sheet and the money 

698
00:34:51,900 --> 00:34:54,300
supply. 
But they've done an absolutely 

699
00:34:54,300 --> 00:34:57,200
terrible job of doing that and 
then they go on to talk about 

700
00:34:57,200 --> 00:35:00,200
regulation but it's interesting 
because in the regulation 

701
00:35:00,200 --> 00:35:04,100
paragraph, they talk about 
regulation, as if it's like, 

702
00:35:04,100 --> 00:35:08,600
yes, we must regulate but what 
they really hinted to is we must

703
00:35:08,600 --> 00:35:13,000
regulate to get this thing out 
of existence which is Actually 

704
00:35:13,000 --> 00:35:17,200
leads me to a thought and I'm 
curious not Hazard because this 

705
00:35:17,200 --> 00:35:21,500
affects your living and your 
company which is the proposed 

706
00:35:21,800 --> 00:35:24,900
Dame tax that was you know 
introduced by the B 

707
00:35:24,900 --> 00:35:27,800
Administration that would tax 
Bitcoin miners in the United 

708
00:35:27,800 --> 00:35:31,000
States 30% on top of what they 
were already making. 

709
00:35:31,000 --> 00:35:33,300
Of course, we know how the body 
Administration feels about the 

710
00:35:33,300 --> 00:35:36,300
industry. 
The way that I interpreted that 

711
00:35:36,300 --> 00:35:38,400
was there trying to kill the 
industry in the United States. 

712
00:35:38,400 --> 00:35:39,800
That's what they were trying to 
do, right? 

713
00:35:39,800 --> 00:35:42,100
To put it bluntly. 
Of course, we know that that has

714
00:35:42,100 --> 00:35:47,100
been stopped But, you know, it's
just interesting to see the 

715
00:35:47,100 --> 00:35:50,500
established players kind of 
being a little bit hypocritical 

716
00:35:50,500 --> 00:35:51,400
here. 
Right there. 

717
00:35:51,400 --> 00:35:54,200
Saying, look, this is about 
financial stability. 

718
00:35:54,400 --> 00:35:56,300
This is about protecting the 
people. 

719
00:35:56,400 --> 00:35:59,400
This is about, you know, this is
the, these currencies are too 

720
00:35:59,400 --> 00:36:02,400
volatile but they're picking and
choosing their arguments because

721
00:36:02,400 --> 00:36:05,500
that that only applies to places
like Europe that only a places 

722
00:36:05,600 --> 00:36:06,900
applies to places like the 
United States. 

723
00:36:06,900 --> 00:36:10,000
But even then I think what the 
all-time high for inflation. 

724
00:36:10,000 --> 00:36:11,600
The US was like it was like ten 
percent. 

725
00:36:11,600 --> 00:36:13,900
It was like about a year or so. 
So, a year ago or so. 

726
00:36:14,100 --> 00:36:19,200
So again, like, it's moving the 
goalposts bunch of BS. 

727
00:36:19,300 --> 00:36:21,000
Talk about misaligned 
incentives. 

728
00:36:21,000 --> 00:36:24,400
The person who's responsible for
pushing pushing cbc's in Europe,

729
00:36:24,600 --> 00:36:27,800
is also, the person who's 
writing out these very well. 

730
00:36:27,800 --> 00:36:30,900
Written blog posts. 
Basically making it the case 

731
00:36:30,900 --> 00:36:34,000
against anything that's not 
central bank money. 

732
00:36:34,900 --> 00:36:37,600
But you know what? 
That tells me that we're winning

733
00:36:37,800 --> 00:36:40,700
because they wouldn't be writing
these things if we weren't 

734
00:36:40,700 --> 00:36:42,400
running. 
And I'm telling you right now. 

735
00:36:42,700 --> 00:36:46,000
They're scared and they're only.
Excuse is the weather. 

736
00:36:46,000 --> 00:36:47,900
The weather is. 
What is the sole cause of 

737
00:36:47,900 --> 00:36:49,900
inflation? 
It's nothing else. 

738
00:36:50,200 --> 00:36:52,600
Do pay attention to what we're 
doing behind the curtain. 

739
00:36:53,000 --> 00:36:55,600
Scentsy, bdcs are the future. 
They're the answer to all your 

740
00:36:55,600 --> 00:36:59,100
problems, but I think incentives
are going to win the day. 

741
00:36:59,300 --> 00:37:02,100
Anyways, I want to get opt he's 
take I want to get in the czar's

742
00:37:02,100 --> 00:37:04,300
take because I do have to leave 
in about seven minutes off. 

743
00:37:04,300 --> 00:37:06,600
He's going to take over the show
but I'm getting his arse take 

744
00:37:06,600 --> 00:37:09,800
real quick, and then we'll poop 
will push it onto Opti. 

745
00:37:14,000 --> 00:37:16,300
Yeah, I think that's a very good
point. 

746
00:37:16,300 --> 00:37:19,300
As you said that, we are winning
because you know, for energy, if

747
00:37:19,300 --> 00:37:25,900
you think about right, there is 
over 1200 gigawatts of installed

748
00:37:25,900 --> 00:37:30,000
capacity in the United States 
from a power perspective. 1200, 

749
00:37:30,300 --> 00:37:32,900
you know, the best estimates on 
what the Bitcoin mining load is 

750
00:37:32,900 --> 00:37:34,000
in. 
The country is, is somewhere 

751
00:37:34,000 --> 00:37:36,100
around, you know, five to eight 
gigawatts, right? 

752
00:37:36,100 --> 00:37:40,900
So five to eight over 1200 is a 
very small percentage, right? 

753
00:37:40,900 --> 00:37:44,300
So in some Since all of the 
noise and the talk--i here on 

754
00:37:44,300 --> 00:37:47,500
Bitcoin mining and energy usage 
is a lot of noise, right? 

755
00:37:47,500 --> 00:37:49,600
I mean in the grand scheme of 
things, it's not a significant 

756
00:37:49,600 --> 00:37:51,800
user. 
And so to your point there is 

757
00:37:52,100 --> 00:37:55,000
this, I think you know we are 
punching well above our weight 

758
00:37:55,000 --> 00:37:56,800
in terms of how we're thought 
about, right? 

759
00:37:56,800 --> 00:37:59,900
So I think it's good news, you 
know, every little thing that's 

760
00:37:59,900 --> 00:38:02,500
on the industry is discussed is 
magnified. 

761
00:38:02,700 --> 00:38:05,200
Everyone kind of looks at it. 
So, so again, from an energy 

762
00:38:05,200 --> 00:38:07,900
perspective where, you know, 
overall relatively small 

763
00:38:07,900 --> 00:38:09,900
portion, but if you were to read
the news, we think that, you 

764
00:38:09,900 --> 00:38:11,800
know, we're about to like, run 
over the country, which is kind 

765
00:38:11,800 --> 00:38:14,000
of When minds and that's nowhere
near the case. 

766
00:38:14,800 --> 00:38:17,700
And so, the Dame tax is just 
another example, right? 

767
00:38:17,700 --> 00:38:20,500
I mean again in the grand scheme
of things, the total energy 

768
00:38:20,500 --> 00:38:23,000
usage that Bitcoin mining is 
doing in the United States is 

769
00:38:23,000 --> 00:38:26,300
you know, very small percentage.
You know, and again the damn tax

770
00:38:26,300 --> 00:38:29,500
you know, was a wave you know, 
can that's just a political kind

771
00:38:29,500 --> 00:38:32,200
of a thing to kind of put out 
there where the punching bag. 

772
00:38:32,200 --> 00:38:35,100
It's good to kind of throw it 
out at us and right now and I 

773
00:38:35,100 --> 00:38:37,500
think, you know, they get the 
benefit of, you know, there's 

774
00:38:37,500 --> 00:38:41,300
not much downside to it, but 
day, by day, week by week month 

775
00:38:41,300 --> 00:38:43,400
by month, At time is really 
starting to turn, right? 

776
00:38:43,400 --> 00:38:46,500
As people better understand what
Bitcoin is as people better 

777
00:38:46,500 --> 00:38:49,100
start to understand how these 
these grids work. 

778
00:38:49,200 --> 00:38:52,400
And I think that that tide is 
turning and so I think you know,

779
00:38:52,400 --> 00:38:54,500
the work you all are doing is 
great because we're just we just

780
00:38:54,500 --> 00:38:56,500
gonna stay at it, right? 
We're always going to stay at 

781
00:38:56,500 --> 00:38:57,700
it. 
They can kind of throw these 

782
00:38:57,700 --> 00:39:00,100
things at us and when people 
really start to break it down 

783
00:39:00,100 --> 00:39:02,300
and really try to understand 
what they're trying to do, it 

784
00:39:02,300 --> 00:39:03,900
becomes pretty clear that to 
your point. 

785
00:39:03,900 --> 00:39:07,200
There's not a cohesive and 
coherent line of thinking around

786
00:39:07,200 --> 00:39:09,800
it, it's just kind of, you know 
what's kind of sounds good 

787
00:39:09,800 --> 00:39:11,100
today? 
Let's try it out. 

788
00:39:11,500 --> 00:39:14,200
But again You know, we're 
punching well above our way and 

789
00:39:14,200 --> 00:39:16,800
we're getting, you know, in some
sense we're getting more 

790
00:39:16,800 --> 00:39:19,300
attention than we should be 
given where we are. 

791
00:39:19,300 --> 00:39:21,800
But again, that's because, you 
know, fundamental to bitcoin, 

792
00:39:21,800 --> 00:39:25,800
you know, there's kind of I felt
a kind of a real asset here, 

793
00:39:25,800 --> 00:39:28,700
kind of a real tool for the 
people that's kind of hanging 

794
00:39:28,700 --> 00:39:30,400
out there. 
And so I'm, you know, we're 

795
00:39:30,400 --> 00:39:33,000
going to have to kind of take 
our lumps but I don't think it's

796
00:39:33,000 --> 00:39:35,700
going to really stop anything 
and then again I always come 

797
00:39:35,700 --> 00:39:37,000
back to energy because that's 
what I know. 

798
00:39:37,000 --> 00:39:39,500
I mean, you know, when you look 
at it on a percentage basis it's

799
00:39:39,500 --> 00:39:43,200
small, but when you look at a 
comet impact basis, Be huge 100%

800
00:39:43,200 --> 00:39:47,200
And I love the way that you 
approached it from from you know

801
00:39:47,200 --> 00:39:51,500
your angle the the position of 
energy and we we said this on 

802
00:39:51,500 --> 00:39:53,700
the show many times, right? 
If you control energy, you 

803
00:39:53,700 --> 00:39:56,500
control people and I think 
fundamentally whether it's a 

804
00:39:56,508 --> 00:39:59,300
Dane tax or whether it's these 
excuses by the European Central 

805
00:39:59,300 --> 00:40:02,300
Bank or the IMF, right? 
I think that they get a 

806
00:40:02,300 --> 00:40:06,300
tremendous amount of power from 
being able to control the money 

807
00:40:06,300 --> 00:40:10,800
supply and in, you know, and 
secondary effect of that is 

808
00:40:10,800 --> 00:40:13,100
being able to control. 
Because of that. 

809
00:40:13,300 --> 00:40:16,400
And then all of a sudden Bitcoin
comes along and it's this 

810
00:40:16,400 --> 00:40:20,000
decentralized alternative of 
which No One controls, right. 

811
00:40:20,000 --> 00:40:22,900
It actually in a protects. 
The lower middle class has 

812
00:40:23,400 --> 00:40:25,400
tremendously. 
I think it's middle class money 

813
00:40:26,800 --> 00:40:30,300
and, you know, they the central 
planners can't have that they're

814
00:40:30,300 --> 00:40:33,600
like, no, we could do it better 
but and, you know, say okay 

815
00:40:33,600 --> 00:40:35,700
maybe you give him the benefit 
of the doubt but history has 

816
00:40:35,700 --> 00:40:39,200
shown that they have continued 
to abuse that power. 

817
00:40:39,300 --> 00:40:42,900
And then worse off they take 
absolutely No responsibility. 

818
00:40:42,900 --> 00:40:45,600
They would rather blame the 
weather and they would rather 

819
00:40:45,600 --> 00:40:50,100
blame popular pop stars than 
say, hey guys, we caused this, 

820
00:40:50,100 --> 00:40:53,500
we printed the money, and 
because we printed the money, it

821
00:40:53,500 --> 00:40:55,700
devalued everyone else's money, 
right? 

822
00:40:55,900 --> 00:40:58,400
Anyways Opti, what's your take? 
Yeah. 

823
00:40:58,400 --> 00:41:01,100
So circling back a little bit, 
you know, as an Apple user, I'm 

824
00:41:01,100 --> 00:41:05,300
a little bit conflicted about 
the Damas news but because I 

825
00:41:05,300 --> 00:41:07,000
love Apple products, I think the
great. 

826
00:41:07,000 --> 00:41:11,300
So like guys tell me in the chat
like what do I use now, but I 

827
00:41:11,300 --> 00:41:15,000
think it's very Interesting that
we are seeing Apple fight Damas 

828
00:41:15,000 --> 00:41:18,900
or, you know, Bitcoin being 
proliferated in different apps 

829
00:41:18,900 --> 00:41:21,900
because we've been hearing the 
talk coming from Elan that he 

830
00:41:21,900 --> 00:41:25,500
wants and everything at, but I 
think apple is probably closer 

831
00:41:25,500 --> 00:41:28,000
to rolling out and everything 
app than anyone else is. 

832
00:41:28,300 --> 00:41:32,600
And so, obviously apple is doing
its best to protect its position

833
00:41:32,600 --> 00:41:35,500
with Apple pay and Apple pay 
payment platform. 

834
00:41:35,800 --> 00:41:38,900
So it's sad to see. 
Apple go down this rap rap. 

835
00:41:38,900 --> 00:41:43,300
We're sorry this route, but this
is the free market at work, 

836
00:41:43,300 --> 00:41:45,400
right? 
Like apple is a private 

837
00:41:45,400 --> 00:41:47,100
Corporation, they can do 
whatever they want on their 

838
00:41:47,100 --> 00:41:51,100
platforms and hey, if they're 
making a bad business decision 

839
00:41:51,500 --> 00:41:54,300
Bitcoin, entrepreneurs will 
route around it and they will 

840
00:41:54,300 --> 00:41:57,800
get wrecked in the long run. 
So this is the corporate Takashi

841
00:41:57,800 --> 00:41:59,500
playing out. 
This is the free market playing 

842
00:41:59,500 --> 00:42:02,900
out and you know it just it is 
what it is. 

843
00:42:02,900 --> 00:42:07,300
And then also on the Fabio 
Panetta News man, the cabal is 

844
00:42:07,300 --> 00:42:09,200
so scared. 
The Fiat cabal out there the 

845
00:42:09,200 --> 00:42:12,300
Fiat Matrix is absolutely 
terrified and what year Is it 

846
00:42:12,300 --> 00:42:14,800
like the Fabio Panetta talking 
points? 

847
00:42:15,300 --> 00:42:19,400
Its arguments are not only half 
baked but they've been debunked 

848
00:42:19,400 --> 00:42:22,600
in like 2017. 
So it's just funny that they 

849
00:42:22,600 --> 00:42:25,400
still roll out the same 
narratives over and over and 

850
00:42:25,400 --> 00:42:28,000
over again. 
And I had something I say all 

851
00:42:28,000 --> 00:42:31,300
the time that the only reason 
they will use these narratives 

852
00:42:31,300 --> 00:42:34,000
and continue to use these 
narratives if they are working. 

853
00:42:34,000 --> 00:42:37,900
So obviously, people are still 
falling for them and as a 

854
00:42:37,900 --> 00:42:42,700
Bitcoin, as a Bitcoin educator, 
as a Bitcoin, I don't think I 

855
00:42:42,708 --> 00:42:44,700
hate when I say this, but 
Bitcoin propagandists. 

856
00:42:44,900 --> 00:42:48,100
We need to do better spreading 
the signal and educating our 

857
00:42:48,100 --> 00:42:49,800
friends. 
And winning the hearts and minds

858
00:42:49,800 --> 00:42:52,200
of the masses. 
Because, again, they wouldn't be

859
00:42:52,200 --> 00:42:55,000
saying this stuff over and over 
and over again, if it wasn't 

860
00:42:55,000 --> 00:42:57,700
working, if it wasn't gaining 
traction, if they weren't, in 

861
00:42:57,700 --> 00:43:00,400
control of the propaganda 
machines out there, the 

862
00:43:00,400 --> 00:43:05,000
corporate press. 
So it just shows that there is a

863
00:43:05,000 --> 00:43:09,800
lot of room for us to grow, but 
also, it's an uphill battle, and

864
00:43:09,800 --> 00:43:11,800
it's kind of like what in as I 
was saying. 

865
00:43:11,900 --> 00:43:18,000
Now that there is a lot of 
Education to be done and we just

866
00:43:18,000 --> 00:43:20,600
have to continue to beat the 
drum and continue to spread that

867
00:43:20,600 --> 00:43:22,100
signal. 
Amen to that. 

868
00:43:22,100 --> 00:43:24,300
All right guys, before we go 
into the culture, you want to 

869
00:43:24,308 --> 00:43:26,600
make it over the Finish Line 
with your generation of wealth. 

870
00:43:26,600 --> 00:43:29,400
That's why you want to store 
your Bitcoin wallet, back up 

871
00:43:29,400 --> 00:43:32,900
seed words and pass phrases. 
You want to store them on steel 

872
00:43:32,900 --> 00:43:34,400
and there's no better place to 
do it. 

873
00:43:34,500 --> 00:43:36,900
Then the bit plates Domino 
they're designed to preserve 

874
00:43:36,900 --> 00:43:39,100
Bitcoin wallet back up seed 
words and passphrase. 

875
00:43:39,100 --> 00:43:41,800
Is made from highly 
corrosion-resistant 316. 

876
00:43:41,900 --> 00:43:44,500
In grade stainless steel it 
offers the ultimate protection 

877
00:43:44,500 --> 00:43:45,900
against extremes of 
temperatures. 

878
00:43:46,100 --> 00:43:49,700
You can use the promo code 
simply to get 10% off anything 

879
00:43:49,700 --> 00:43:53,100
on B plates.com. 
Anyways, everybody Opti it's 

880
00:43:53,100 --> 00:43:54,600
your show. 
I'll see you guys tomorrow. 

881
00:43:58,100 --> 00:44:03,500
The daily culture brought to you
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882
00:44:03,500 --> 00:44:06,800
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887
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Alright guys, so before we get 

888
00:44:25,700 --> 00:44:30,900
into this Of course, let me 
bring up my screen real quick. 

889
00:44:32,800 --> 00:44:37,200
Nazar, I'm super excited to have
you on the show today because 

890
00:44:37,200 --> 00:44:39,400
one of my friends close friends.
I was actually hanging out with 

891
00:44:39,400 --> 00:44:43,800
him this weekend. 
He's very big on the idea that 

892
00:44:44,600 --> 00:44:48,500
Bitcoins real killer, app is 
what it does for energy. 

893
00:44:48,600 --> 00:44:51,000
And he's been beating this drum 
for a long time. 

894
00:44:51,000 --> 00:44:55,900
And I think you and your company
is a shining example of what is 

895
00:44:55,900 --> 00:44:58,100
coming. 
Coming down the pipeline and 

896
00:44:58,200 --> 00:45:01,500
where Bitcoin is really going to
change the world and it's not 

897
00:45:01,500 --> 00:45:06,100
just for the individual saving 
but it's about what Bitcoin 

898
00:45:06,100 --> 00:45:08,100
miners will do for the energy 
grid. 

899
00:45:08,100 --> 00:45:10,400
But there's something you said 
in the beginning of the show 

900
00:45:10,400 --> 00:45:12,900
that I thought was very 
interesting and I'd like to 

901
00:45:13,100 --> 00:45:15,900
maybe unpack this a little bit, 
but you said something that the 

902
00:45:15,900 --> 00:45:19,600
biggest issue you're seeing in 
regards to not only the Bitcoin 

903
00:45:19,600 --> 00:45:21,700
space. 
But but the World At Large is 

904
00:45:21,700 --> 00:45:24,200
the misconceptions about energy.
So what were you talking about 

905
00:45:24,200 --> 00:45:26,200
there and then we'll go into and
talk about. 

906
00:45:26,300 --> 00:45:28,300
Moreover, terrible facilities, 
and stuff. 

907
00:45:28,900 --> 00:45:30,800
Yeah, there's just a 
misunderstanding, right? 

908
00:45:30,800 --> 00:45:32,800
When people just talk about 
energy usage, right? 

909
00:45:32,800 --> 00:45:38,100
Energy usage has to be kind of 
understood in the context of 

910
00:45:38,100 --> 00:45:41,100
what is the capacity of the 
market. 

911
00:45:41,100 --> 00:45:43,800
And then what is that 
incremental megawatt-hour doing 

912
00:45:43,800 --> 00:45:46,300
and what is it showing up right?
If I just tell you I want to 

913
00:45:46,308 --> 00:45:51,400
consume you know for megawatts 
you know in my consuming at all 

914
00:45:51,400 --> 00:45:52,800
hours of the day. 
Am I consuming it? 

915
00:45:52,800 --> 00:45:55,300
Half of the time? 
Am I consuming 80% of the time 

916
00:45:55,600 --> 00:45:58,200
and the The implications are 
ramifications of that are all 

917
00:45:58,200 --> 00:46:00,200
very different just depending on
what the answer is, right? 

918
00:46:00,200 --> 00:46:03,100
And so, people always just 
talked about in generalities, 

919
00:46:03,100 --> 00:46:09,300
just like adding load is bad, 
and adding load can be bad, but 

920
00:46:09,400 --> 00:46:11,600
adding the proper load, can 
actually be very beneficial to 

921
00:46:11,600 --> 00:46:14,400
the grid and so again, there's 
again and that's why there's 

922
00:46:14,400 --> 00:46:16,800
there, you know, the concept. 
I think that is always kind of 

923
00:46:16,800 --> 00:46:19,400
overlooked and misunderstood as 
system utilization, right? 

924
00:46:19,700 --> 00:46:23,900
The energy grid is a massive 
grid as a ton of fixed costs, 

925
00:46:23,900 --> 00:46:26,100
in, right? 
It did you transition? 

926
00:46:26,200 --> 00:46:29,400
Mission lines all upfront, fixed
cost, wind farm all upfront 

927
00:46:29,400 --> 00:46:32,000
fixed cost solar facility. 
All upfront fixed costs, right? 

928
00:46:32,000 --> 00:46:36,100
So all of these things that have
high upfront fixed costs, mean 

929
00:46:36,100 --> 00:46:38,500
that system, utilization is 
critical to what the overall 

930
00:46:38,500 --> 00:46:40,800
economic system are. 
So, when you talk about adding 

931
00:46:40,800 --> 00:46:43,900
loads, it's not just how big the
load is, but how big is that low

932
00:46:43,900 --> 00:46:45,500
in the context of where it's 
being put in? 

933
00:46:45,700 --> 00:46:48,100
And when is that load actually 
going to use energy? 

934
00:46:48,700 --> 00:46:51,200
And what ability does it have to
now use energy, right? 

935
00:46:51,300 --> 00:46:53,200
You need to answer all of those 
questions before. 

936
00:46:53,200 --> 00:46:55,300
You can kind of figure out 
whether it's good or bad for the

937
00:46:55,300 --> 00:46:58,100
system, Absolutely. 
Love it and you touched on 

938
00:46:58,100 --> 00:47:00,200
something else that will 
probably be talking about a lot 

939
00:47:00,200 --> 00:47:02,200
today. 
It's the idea of balancing the 

940
00:47:02,200 --> 00:47:05,400
grid and how Bitcoin miners are 
an asset to the energy grid. 

941
00:47:05,400 --> 00:47:08,500
You want to elaborate a little 
bit on this and maybe try to 

942
00:47:08,500 --> 00:47:12,300
dispel all of the energy fund 
that we get as bitcoiners. 

943
00:47:13,100 --> 00:47:16,000
Yeah, I mean again this it's 
this concept of responsive load,

944
00:47:16,000 --> 00:47:18,700
right? 
Again a load that can be there 

945
00:47:19,300 --> 00:47:23,500
to to take the energy, that's 
coming off of the grid and then 

946
00:47:23,500 --> 00:47:28,000
can immediately when the system 
is Stressed just not be there is

947
00:47:28,000 --> 00:47:31,500
critical to kind of the 
decarbonization and so again 

948
00:47:31,500 --> 00:47:36,100
it's this balancer between the 
system capacity that exists as 

949
00:47:36,100 --> 00:47:38,000
well as kind of those gaps on 
system capacity. 

950
00:47:38,000 --> 00:47:40,900
And so again you know people ask
me like hey what's a good place 

951
00:47:40,900 --> 00:47:42,200
to mine? 
Bitcoin is it? 

952
00:47:42,400 --> 00:47:45,300
You know is it New York is a 
Pennsylvania as the Texas. 

953
00:47:45,300 --> 00:47:49,800
Is it Finland is it you know 
Chile and the answer to that is 

954
00:47:49,800 --> 00:47:53,200
all really depends on not just 
where you are but very know that

955
00:47:53,200 --> 00:47:55,500
you operate in. 
There's nodes in New York that 

956
00:47:55,500 --> 00:47:58,200
are horrible, right? 
I mean in New York City there's 

957
00:47:58,200 --> 00:48:00,500
a ton of Demand on my generation
and so he never put a Bitcoin 

958
00:48:00,500 --> 00:48:02,100
mining load in the city of New 
York. 

959
00:48:02,500 --> 00:48:04,600
Would you put a big one binding 
load in Upstate New York? 

960
00:48:04,600 --> 00:48:07,500
Absolutely. 
I mean, that's where we sit or 

961
00:48:07,500 --> 00:48:10,200
we sit, you know, there's a 
significant oversupply of energy

962
00:48:10,400 --> 00:48:13,300
and not enough transmission to 
move that energy out so they're 

963
00:48:13,500 --> 00:48:15,100
putting a load in, whether it's 
200. 

964
00:48:15,100 --> 00:48:18,800
Megawatts 400 megawatts hundred 
megawatts, is you know, well, 

965
00:48:18,800 --> 00:48:21,600
within kind of what that note 
can do, Texas is no different 

966
00:48:21,600 --> 00:48:24,200
there nodes in Texas that are 
great and there's nose in Texas 

967
00:48:24,200 --> 00:48:26,800
that are challenged. 
And so again, You need to look 

968
00:48:26,800 --> 00:48:30,400
at this kind of very granularly.
And again, if you can put these 

969
00:48:30,400 --> 00:48:33,100
loads, these energy sinks in new
places where there's a lot of 

970
00:48:33,100 --> 00:48:37,600
Supply, not much demand 
Transmissions limited and on top

971
00:48:37,600 --> 00:48:39,500
of that, that you can curtail 
your loads. 

972
00:48:39,500 --> 00:48:42,400
When the system is most stressed
again, for a good planner and a 

973
00:48:42,400 --> 00:48:44,900
grid Optimizer, I mean, that's 
kind of the Holy Grail. 

974
00:48:44,900 --> 00:48:48,700
And so, again, it's all about 
how these loads are integrated 

975
00:48:48,700 --> 00:48:51,700
into the grip. 
And, you know, early on right? 

976
00:48:51,700 --> 00:48:54,800
We had smaller big, one 
operations, right? 

977
00:48:54,800 --> 00:48:57,700
Most of out saying all Companies
out there all institutional 

978
00:48:57,700 --> 00:49:00,000
grade were buying from the 
wholesale Market. 

979
00:49:00,100 --> 00:49:02,500
But, you know, we're still 
living with the legacies of some

980
00:49:02,500 --> 00:49:04,600
of the decisions that were made 
by kind of smaller Bitcoin, 

981
00:49:04,600 --> 00:49:08,600
miners in 2017. 2018, they 
showed up in towns, they weren't

982
00:49:08,600 --> 00:49:10,400
buying wholesale. 
They're buying through the town 

983
00:49:11,000 --> 00:49:13,500
and their loads quickly Grew 
From 2 megawatts. 25 megawatts 

984
00:49:13,500 --> 00:49:15,300
of 10 megawatts. 
And all they cared about was 

985
00:49:15,300 --> 00:49:18,500
just kind of mining as much as 
it could, and they wanted power,

986
00:49:18,500 --> 00:49:21,400
all hours of the day. 
And so for those cities that 

987
00:49:21,400 --> 00:49:24,800
were supplying them, that load 
became a burden, right? 

988
00:49:24,800 --> 00:49:27,900
Those loads are not Properly 
integrated into the system and 

989
00:49:27,900 --> 00:49:30,000
integrated into how the city was
preparing. 

990
00:49:30,000 --> 00:49:33,200
Its power. 
And so unfortunately, that's not

991
00:49:33,200 --> 00:49:35,400
how Bitcoin mining 
institutionally happens today. 

992
00:49:35,600 --> 00:49:37,800
But we're still living with the 
legacy of kind of, you know, 

993
00:49:37,800 --> 00:49:41,400
answering kind of, you know, the
issues that arose when that 

994
00:49:41,400 --> 00:49:44,800
happened back then. 
So again properly integrated 

995
00:49:44,800 --> 00:49:47,900
loads properly set into kind of 
Supply, demand, balance and 

996
00:49:47,900 --> 00:49:51,800
properly responsive to changes 
in Grid, that's what Bitcoin 

997
00:49:51,800 --> 00:49:55,000
mining needs to do and one done.
So it really kind of does you 

998
00:49:55,000 --> 00:49:58,400
know, have a beneficial Impact 
on the overall cost of power and

999
00:49:58,400 --> 00:50:00,700
the bounce of the system. 
Amazing. 

1000
00:50:00,700 --> 00:50:03,600
All right. 
So next topic, you guys have a 

1001
00:50:03,600 --> 00:50:08,100
berry Big emphasis emphasis on 
sustainability and zero-carbon 

1002
00:50:08,100 --> 00:50:11,700
energy. 
And you guys are showing that it

1003
00:50:11,700 --> 00:50:15,200
isn't only good for the planet, 
but it economically makes sense 

1004
00:50:15,600 --> 00:50:18,200
as a Bitcoin miner. 
So you want to touch on this and

1005
00:50:18,700 --> 00:50:21,400
explain to the people out there.
Why you guys do what you do? 

1006
00:50:22,200 --> 00:50:24,600
Yeah, absolutely. 
I mean, what's happened, right? 

1007
00:50:24,600 --> 00:50:27,500
Just let's look at let's take 
Take a look at kind of the 

1008
00:50:27,500 --> 00:50:32,200
generation of power, you know, 
30, 40 years ago, right for the 

1009
00:50:32,200 --> 00:50:35,200
assets that will be added to the
grid were you know I called 

1010
00:50:35,200 --> 00:50:39,400
three big buckets were 
coal-fired power plants, 

1011
00:50:39,400 --> 00:50:42,100
gas-fired power plants and some 
nukes. 

1012
00:50:42,600 --> 00:50:45,000
When you think about it cool and
a gas-fired power plant. 

1013
00:50:45,200 --> 00:50:47,600
They need to buy coal and gas to
generate electricity, right? 

1014
00:50:47,600 --> 00:50:51,400
So there's kind of a meaningful 
marginal production cost. 

1015
00:50:51,400 --> 00:50:53,000
That always is there, right? 
It's whatever. 

1016
00:50:53,000 --> 00:50:55,200
The cost of coal and gas is at 
that point in time. 

1017
00:50:56,200 --> 00:50:59,300
There's a cap X and then you 
have this ongoing kind of cost. 

1018
00:50:59,700 --> 00:51:03,200
What's been you know fascinating
about the renewable sector. 

1019
00:51:03,200 --> 00:51:07,400
I particularly wind and solar is
that the overall Capital cost to

1020
00:51:07,408 --> 00:51:10,200
build those facilities is come 
down extremely significant, 

1021
00:51:10,200 --> 00:51:11,700
right. 
If you were to pick up a report 

1022
00:51:11,800 --> 00:51:14,500
from, you know, the early 90s a 
projected how much renewable 

1023
00:51:14,500 --> 00:51:17,100
capacity to be online. 
They were significantly 

1024
00:51:17,100 --> 00:51:18,500
underestimated, would actually 
happen. 

1025
00:51:19,200 --> 00:51:22,700
And the reason for that is they 
underestimated how low the kind 

1026
00:51:22,700 --> 00:51:26,000
of capital costs could go and 
once that facility is installed,

1027
00:51:26,100 --> 00:51:28,600
If you think about it, there's a
zero marginal production cost, 

1028
00:51:28,600 --> 00:51:30,000
right? 
When the sun shines, it works, 

1029
00:51:30,000 --> 00:51:32,700
when the wind blows, it works, 
there's no kind of cost of this 

1030
00:51:32,700 --> 00:51:35,500
fuel of kind of coal and gas. 
And so, part of the reason 

1031
00:51:35,500 --> 00:51:38,700
you're seeing this transition, 
with respect to Renewables is 

1032
00:51:38,700 --> 00:51:41,200
that there's this concerted 
effort to decarbonize but in 

1033
00:51:41,200 --> 00:51:43,600
addition to that what's 
accelerating, that is a fact 

1034
00:51:43,600 --> 00:51:46,000
that from a capital perspective,
it's actually pretty cheap now. 

1035
00:51:46,400 --> 00:51:50,200
And so that is true so long as 
you can kind of balance load 

1036
00:51:50,200 --> 00:51:54,000
out, right? 
So the, the dollar per kilowatt 

1037
00:51:54,000 --> 00:51:57,200
hour cost of production from 
wind and solar Has gotten to be 

1038
00:51:57,200 --> 00:51:59,900
competitive, if not even better 
than what, a thermal generator 

1039
00:51:59,900 --> 00:52:01,800
can be. 
And so again from a pure kind of

1040
00:52:01,800 --> 00:52:05,600
dollars and cents basis given or
capex is gone, you know, it 

1041
00:52:05,600 --> 00:52:08,300
makes sense to add renewable 
capacity to the system and so 

1042
00:52:08,300 --> 00:52:13,200
you know, despite people kind of
taking an ideological position 

1043
00:52:13,200 --> 00:52:16,100
of, you know, Renewables or not 
again, just for a economics 

1044
00:52:16,100 --> 00:52:19,100
perspective, we have gone to a 
place where those renewable 

1045
00:52:19,100 --> 00:52:23,000
megawatt hours are cheaper. 
And again, that is only true, 

1046
00:52:23,100 --> 00:52:25,700
that's only true. 
If you have the ability to use 

1047
00:52:25,700 --> 00:52:28,100
the and side to kind of balance 
things out, right? 

1048
00:52:28,100 --> 00:52:29,900
Because when the sun stops 
shining in the wind isn't 

1049
00:52:29,900 --> 00:52:32,200
blowing and the system is 
stressed, what's going to 

1050
00:52:32,200 --> 00:52:34,600
happen. 
And if you have to then rely on 

1051
00:52:34,800 --> 00:52:37,800
thermal generators to ramp up 
their inefficient because 

1052
00:52:37,800 --> 00:52:40,700
they're ramping up and that's 
kind of you know and then be you

1053
00:52:40,708 --> 00:52:43,200
got to pay a lot just to kind of
keep them around so far. 

1054
00:52:43,200 --> 00:52:46,600
More effective is having a load 
that can kind of be responsive 

1055
00:52:46,600 --> 00:52:49,800
to those changes in Supply. 
And so when you marry responsive

1056
00:52:49,800 --> 00:52:54,700
loads with kind of renewable 
generation, the overall economic

1057
00:52:54,700 --> 00:52:57,000
cost is far. 
Lower than kind of you know 

1058
00:52:57,000 --> 00:52:58,400
where we were 30 or 40 years 
ago. 

1059
00:52:58,400 --> 00:53:01,400
So I think you know as people 
again if you just pure maths or 

1060
00:53:01,400 --> 00:53:05,400
to look at it again this this 
this concept of how you know, 

1061
00:53:05,400 --> 00:53:08,500
capex on the front end with zero
marginal production cost for the

1062
00:53:08,508 --> 00:53:12,800
supply side married and paired 
with loads that are extremely 

1063
00:53:12,800 --> 00:53:15,700
responsive to any changes of any
changes. 

1064
00:53:15,700 --> 00:53:18,500
In the supply side are by far 
and away, the kind of cheapest 

1065
00:53:18,500 --> 00:53:22,000
way for the system to operate 
and for everyone to kind of 

1066
00:53:22,008 --> 00:53:24,400
consume electricity. 
And so that's why, you know, we 

1067
00:53:24,400 --> 00:53:26,000
think now we think it's the 
right thing to do. 

1068
00:53:26,100 --> 00:53:28,200
Do we think it makes sense 
economically? 

1069
00:53:28,400 --> 00:53:30,900
And again, from from a 
sustainability perspective, both

1070
00:53:30,900 --> 00:53:33,300
for just, you know, our business
right? 

1071
00:53:33,300 --> 00:53:35,800
In terms of being able to 
procure, those costs, as well, 

1072
00:53:35,800 --> 00:53:38,100
as kind of sustainability. 
Overall, we think, you know, 

1073
00:53:38,100 --> 00:53:40,700
we're kind of leading the charge
and again, leading the charge in

1074
00:53:40,700 --> 00:53:42,400
both, how Bitcoin mining should 
be done. 

1075
00:53:42,600 --> 00:53:45,800
And also educating folks on, you
know, kind of how sustainability

1076
00:53:45,800 --> 00:53:48,900
should actually be thought of. 
I love, I love, I love this 

1077
00:53:48,900 --> 00:53:53,600
Sober, Sober takes, but and 
disconnecting it from just the 

1078
00:53:53,600 --> 00:53:55,800
ideology. 
I love it, just pure math. 

1079
00:53:55,800 --> 00:53:58,600
It Works better and it's more 
economical. 

1080
00:53:58,700 --> 00:54:02,700
Okay let's let's jump in a 
little more terrible Focus so 

1081
00:54:02,700 --> 00:54:06,000
maybe you want to give us the 
history of Terror wolf you kind 

1082
00:54:06,000 --> 00:54:09,700
of touched on it earlier. 
But also the reason we even got 

1083
00:54:09,700 --> 00:54:12,900
in touch in the first place was 
because of your nuclear Mining 

1084
00:54:12,900 --> 00:54:14,800
facility. 
So we can touch on all that and 

1085
00:54:14,808 --> 00:54:17,200
I'll put some of these 
screenshots up here for the 

1086
00:54:17,208 --> 00:54:20,200
people out there. 
Sure, just said you don't 

1087
00:54:20,200 --> 00:54:24,600
believe in the power space for 
for, for quite some time, you 

1088
00:54:24,600 --> 00:54:29,500
know? 
Our first For a, you know in 

1089
00:54:29,500 --> 00:54:34,100
kind of the spring of 2020 Coda 
just hit. 

1090
00:54:35,100 --> 00:54:38,300
And you know I met a gentleman 
by the name of Merrick Okimoto 

1091
00:54:38,300 --> 00:54:41,300
but time was kind of the 
chairman CEO of a company called

1092
00:54:41,300 --> 00:54:44,600
Marathon. 
Merrick had a vision to make 

1093
00:54:44,600 --> 00:54:48,600
Marathon the largest biggest 
baddest minor Bitcoin miner in 

1094
00:54:48,608 --> 00:54:51,000
the world. 
At the time he was a single and 

1095
00:54:51,000 --> 00:54:55,800
sole employee of the company and
you know, we basically built 3x 

1096
00:54:55,800 --> 00:54:57,500
Ash. 
Of capacity from Eric. 

1097
00:54:57,700 --> 00:55:00,800
And at the time, you know, once 
I understood how Bitcoin mining 

1098
00:55:00,800 --> 00:55:02,100
works. 
I said, I don't want to be a 

1099
00:55:02,108 --> 00:55:04,200
host. 
If I'm going to participate, I 

1100
00:55:04,200 --> 00:55:06,400
want to play in the game. 
And so again, what we did with 

1101
00:55:06,400 --> 00:55:09,000
marathoners, we gave them kind 
of everything I cost, right? 

1102
00:55:09,000 --> 00:55:11,600
I think we were one of, you 
know, Marathon at the time was 

1103
00:55:11,600 --> 00:55:16,100
probably the first public 
company to clearly paint an SEC 

1104
00:55:16,100 --> 00:55:17,600
filing. 
Tell them to help people with 

1105
00:55:17,600 --> 00:55:20,100
the cost of energy, was right 
2.8 sense. 

1106
00:55:20,100 --> 00:55:23,000
He was a low cost of energy and 
and we took back equity in the 

1107
00:55:23,008 --> 00:55:25,000
company in exchange for that, 
right? 

1108
00:55:25,000 --> 00:55:27,200
So we gave everything to 
Marathon at Cost. 

1109
00:55:27,200 --> 00:55:30,600
We took back equity in the 
company, and, you know, timing 

1110
00:55:30,600 --> 00:55:32,600
is great. 
We do that deal signed that deal

1111
00:55:32,600 --> 00:55:36,700
in October twenty twenty by, you
know, January 2021. 

1112
00:55:36,700 --> 00:55:39,800
You know, Marathon told you no 
one from box to box, tell, you 

1113
00:55:39,800 --> 00:55:42,700
know, 20 bucks and, you know, 
and that was just a pit stop on 

1114
00:55:42,700 --> 00:55:44,800
on much higher. 
And so as we looked at our 

1115
00:55:44,800 --> 00:55:47,100
portfolio, we realized that, you
know, they we built the 

1116
00:55:47,100 --> 00:55:49,700
facility, we procured all the 
equipment, we operated the 

1117
00:55:49,700 --> 00:55:53,000
facility and so we didn't have a
vehicle that could raise capital

1118
00:55:53,000 --> 00:55:55,700
and so if we could add the 
vehicle, I could raise capital. 

1119
00:55:56,100 --> 00:55:58,200
Do something similar. 
And so that's where in January 

1120
00:55:58,200 --> 00:56:01,500
21, we took, you know, some 
other sites that we had and 

1121
00:56:01,500 --> 00:56:04,500
informed terrible. 
And so again, we had two great 

1122
00:56:04,500 --> 00:56:06,300
sites. 
You know, one Upstate New York. 

1123
00:56:06,600 --> 00:56:09,800
25 miles away from the Niagara 
Hydro facility and the second 

1124
00:56:09,800 --> 00:56:13,000
that you just noted was, you 
know, this this facility on the 

1125
00:56:13,000 --> 00:56:14,700
grounds of Susquehanna nuclear 
plant. 

1126
00:56:15,000 --> 00:56:18,100
And again, we had a 
long-standing relationship with 

1127
00:56:18,100 --> 00:56:20,100
the team. 
The management team at Talon 

1128
00:56:20,100 --> 00:56:23,200
who's our partner there and we 
were able to kind of again 

1129
00:56:23,200 --> 00:56:25,700
demystify and educate them 
around how Bitcoin mining really

1130
00:56:25,700 --> 00:56:26,400
work. 
T'. 

1131
00:56:26,400 --> 00:56:28,700
And once they really understood 
it, you know, they were quick to

1132
00:56:28,700 --> 00:56:31,100
say, Hey, you know, this is 
something that we need our site 

1133
00:56:31,100 --> 00:56:34,300
and we'd love to kind of partner
work with you and bring it being

1134
00:56:34,300 --> 00:56:36,700
able to scale. 
This up Susquehanna is a 

1135
00:56:36,708 --> 00:56:39,000
two-and-a-half gigawatts. 
I try to point five. 

1136
00:56:39,000 --> 00:56:41,300
Twenty five hundred megawatts of
total capacity. 

1137
00:56:41,700 --> 00:56:45,300
And so the total initial phase 
that we built here is about 200 

1138
00:56:45,300 --> 00:56:46,800
megawatts of capacity. 50 
megawatts. 

1139
00:56:46,800 --> 00:56:50,000
We owned 100. 50 megawatts are 
owned by our partner Talon. 

1140
00:56:50,500 --> 00:56:52,900
And we each have the ability to 
add another 50, megawatts over 

1141
00:56:52,900 --> 00:56:55,500
time that load could get up to 
300 megawatts and total 

1142
00:56:55,500 --> 00:56:57,500
capacity. 
So, again, as you think about 

1143
00:56:57,508 --> 00:57:01,100
the operational profile that 
nuclear facility having that 

1144
00:57:01,100 --> 00:57:04,700
energy sink to be able to again 
just sink 200 or 300 megawatts 

1145
00:57:04,700 --> 00:57:08,000
on any hour of any given day is 
extremely valuable. 

1146
00:57:08,000 --> 00:57:11,400
So they can kind of continue to 
run the nuclear plant and kind 

1147
00:57:11,400 --> 00:57:13,500
of a fixed base load based look 
capacity. 

1148
00:57:13,500 --> 00:57:15,900
So yeah. 
So I think you know again we 

1149
00:57:15,900 --> 00:57:18,100
were early on in that I think 
we're probably largest 

1150
00:57:18,100 --> 00:57:20,700
deployment behind the meter. 
And again a lot of that comes 

1151
00:57:20,700 --> 00:57:24,600
from our ability to to engage 
with and speak with kind of 

1152
00:57:24,608 --> 00:57:27,300
generation owners, you know, a 
lot of People ask me, hey do you

1153
00:57:27,300 --> 00:57:30,900
expect a lot more mine too kind 
of happen at nuclear facilities 

1154
00:57:31,800 --> 00:57:34,900
in principle of for sure? 
I mean in principle this again 

1155
00:57:34,900 --> 00:57:39,500
is a perfect kind of marriage of
having a fixed load on site that

1156
00:57:39,500 --> 00:57:41,800
can kind of, you know, consume 
energy at any given point. 

1157
00:57:41,800 --> 00:57:45,600
And when the system is most rest
kind of kind of come off but you

1158
00:57:45,600 --> 00:57:49,200
know, when you talk to kind of a
power generator or utility 

1159
00:57:49,200 --> 00:57:51,800
operator or even kind of a 
nuclear plant power, you know 

1160
00:57:51,800 --> 00:57:55,300
operator you no concept of time 
is very different right? 

1161
00:57:55,300 --> 00:57:56,800
Bitcoin miners. 
You know, we got to having 

1162
00:57:56,800 --> 00:57:58,700
coming up, we think about weeks 
and months. 

1163
00:57:58,700 --> 00:58:01,800
Anyway, I get stuff done, you 
know, for nuclear operator they 

1164
00:58:01,800 --> 00:58:03,900
think about, you know, they're 
planning Cycles are five ten, 

1165
00:58:03,900 --> 00:58:07,100
fifteen years, you know, they're
planning out their outages five 

1166
00:58:07,100 --> 00:58:09,700
years from now today. 
So there's just a mismatch 

1167
00:58:09,700 --> 00:58:13,100
between kind of how people think
about time and and, you know, 

1168
00:58:13,100 --> 00:58:14,400
we're not on the same 
wavelength. 

1169
00:58:14,400 --> 00:58:16,800
And so that's what does take 
some work to be able to bridge 

1170
00:58:16,800 --> 00:58:19,300
that and again and be able to 
understand how they're thinking 

1171
00:58:19,300 --> 00:58:22,700
about it and then be able to 
translate that and kind of put 

1172
00:58:22,700 --> 00:58:25,400
that in terms of what the 
Bitcoin mining loads can do and 

1173
00:58:25,408 --> 00:58:26,500
how they're going to. 
Wracked with that. 

1174
00:58:26,500 --> 00:58:29,700
So I think you know in principle
should happen more but in 

1175
00:58:29,700 --> 00:58:32,100
practice, right? 
I just think you know, Bitcoin 

1176
00:58:32,100 --> 00:58:34,300
miners that don't come from that
Energy background. 

1177
00:58:34,400 --> 00:58:36,700
Don't come from having that kind
of language and understanding, 

1178
00:58:36,700 --> 00:58:39,500
kind of had that perspective, 
they struggle with kind of 

1179
00:58:39,500 --> 00:58:41,600
bridging, that Gap. 
And so that's, you know, we 

1180
00:58:41,600 --> 00:58:42,800
think that's an advantage for 
us. 

1181
00:58:42,800 --> 00:58:45,000
But, you know, I think that's 
going to take some time for 

1182
00:58:45,000 --> 00:58:47,900
that. 
That bridge to kind of be that 

1183
00:58:47,900 --> 00:58:50,700
Brewster occur in that language 
being spoken. 

1184
00:58:51,500 --> 00:58:54,600
Absolutely h. 
I, this is incredible, but I 

1185
00:58:54,600 --> 00:58:55,900
have one more question before I 
roll. 

1186
00:58:56,100 --> 00:58:59,100
When out, what do you think is 
the biggest misconceptions to 

1187
00:58:59,100 --> 00:59:02,400
bridge the gap between energy 
operators and Bitcoin miners? 

1188
00:59:03,600 --> 00:59:07,400
I think it's that they think 
they're here for the short term 

1189
00:59:07,400 --> 00:59:09,000
and at the price of Bitcoin goes
down. 

1190
00:59:09,100 --> 00:59:10,700
You know, those Bitcoin miners 
are going to run. 

1191
00:59:12,300 --> 00:59:15,400
And I always tell people I say, 
hey it's not the price of the 

1192
00:59:15,400 --> 00:59:17,900
coin really doesn't matter. 
I mean, whether it's five grand 

1193
00:59:17,900 --> 00:59:21,400
or 50 or 100 500 Grand, the 
price of Bitcoin is just a data 

1194
00:59:21,400 --> 00:59:23,200
point, right? 
It's all about what are the the 

1195
00:59:23,200 --> 00:59:24,700
margin that you're making in 
mining, right? 

1196
00:59:24,700 --> 00:59:27,400
So you need to know the price of
Bitcoin your cost of energy than

1197
00:59:27,400 --> 00:59:29,500
our cashier. 
It's all of those three factors 

1198
00:59:29,900 --> 00:59:34,200
you need to kind of put together
and again, The power business, 

1199
00:59:34,200 --> 00:59:35,600
right? 
Effectively your converter, 

1200
00:59:35,600 --> 00:59:36,900
right? 
Your when you generate a 

1201
00:59:36,908 --> 00:59:39,800
kilowatt hour of electricity, 
you're converting either, you 

1202
00:59:39,800 --> 00:59:43,100
know, a ton of coal and mmvt you
gasps you know, the Sun or the 

1203
00:59:43,100 --> 00:59:45,000
wind, right? 
You're converting that into a 

1204
00:59:45,000 --> 00:59:47,700
kilowatt hour of electricity and
that conversion game is the 

1205
00:59:47,700 --> 00:59:49,200
same. 
It's all about. 

1206
00:59:49,200 --> 00:59:52,600
What's the spread between your 
input cost and then kind of what

1207
00:59:52,600 --> 00:59:54,900
you know that kilowatt hour of 
electricity that can be sold on 

1208
00:59:54,900 --> 00:59:56,800
the market. 
So it's a conversion spread. 

1209
00:59:56,800 --> 00:59:58,800
Bitcoin mining is no different, 
the conversion spread, right? 

1210
00:59:58,800 --> 01:00:00,900
What's the cost of power? 
What's the price of Bitcoin? 

1211
01:00:00,900 --> 01:00:03,900
What's in our cash rate? 
And so long as in Conversion, 

1212
01:00:03,900 --> 01:00:06,500
your economic, you know, again, 
the price of Bitcoin in some 

1213
01:00:06,500 --> 01:00:09,100
sense, doesn't really matter. 
And so once a power plant 

1214
01:00:09,100 --> 01:00:12,100
operator understands that, and 
once you can kind of show them 

1215
01:00:12,100 --> 01:00:14,600
that, hey, if you look at the, 
you know, there's whatever we 

1216
01:00:14,600 --> 01:00:16,400
hit a peak of being a 400x, a 
hash, right? 

1217
01:00:16,400 --> 01:00:19,300
If you look at kind of what's 
the distribution of that 

1218
01:00:19,300 --> 01:00:22,900
efficiency 400x a hash, and you 
can show that you're in that top

1219
01:00:22,900 --> 01:00:26,300
10, 5, 10, 15 % you're always 
going to run right? 

1220
01:00:26,300 --> 01:00:28,800
Whether the price of Bitcoins, 
five grand, or 50 Grand, or 500 

1221
01:00:28,800 --> 01:00:30,600
Grant. 
If you are again, got a fish in 

1222
01:00:30,608 --> 01:00:32,400
miners low-cost power, you're 
going to run. 

1223
01:00:32,700 --> 01:00:35,500
So you're going to Make money 
and so I think again dispelling 

1224
01:00:35,500 --> 01:00:38,000
that notion that you know price 
of Bitcoin drops you're going to

1225
01:00:38,000 --> 01:00:40,100
run for the hills that's 
absolutely not true. 

1226
01:00:40,100 --> 01:00:41,600
Particularly for someone like us
again. 

1227
01:00:41,600 --> 01:00:43,700
There's got a very efficient 
Fleet of miners. 

1228
01:00:43,700 --> 01:00:47,300
Got a has a low cost of power. 
We're here, we're building 

1229
01:00:47,300 --> 01:00:49,400
infrastructure and we're 
building our facilities out as 

1230
01:00:49,400 --> 01:00:50,800
if we're going to be there for 
20 years. 

1231
01:00:51,200 --> 01:00:54,400
And if you look at our facility 
in Pennsylvania and New York, 

1232
01:00:54,500 --> 01:00:57,400
those facilities are built to 
run 20 to 30 years, right? 

1233
01:00:57,400 --> 01:01:00,600
We're not going anywhere, 
because we know that on every 10

1234
01:01:00,600 --> 01:01:03,100
minute block reward, we're going
to be competitive. 

1235
01:01:03,300 --> 01:01:06,700
Even kind of, you know, our cost
of production, absolutely love 

1236
01:01:06,700 --> 01:01:08,100
it. 
Absolutely bullish. 

1237
01:01:08,200 --> 01:01:11,400
Not only on tear wolf, but in 
Bitcoin miners, in general, I 

1238
01:01:11,400 --> 01:01:14,700
think few people understand 
that, hey, as stupidly bullish 

1239
01:01:14,700 --> 01:01:18,900
as individuals are in regards to
bitcoin and the future, Bitcoin 

1240
01:01:18,900 --> 01:01:22,600
miners are even more bullish 
because they have to think in 

1241
01:01:22,600 --> 01:01:24,900
the long term and they aren't 
going anywhere. 

1242
01:01:24,900 --> 01:01:27,100
So men as are absolutely, love 
it. 

1243
01:01:27,100 --> 01:01:30,700
If you want to, if you want to 
have another couple minutes to 

1244
01:01:30,700 --> 01:01:32,700
yeah, one last message, go for 
it. 

1245
01:01:33,600 --> 01:01:37,100
Now, I mean, I think again, it's
all about Bitcoin mining is this

1246
01:01:37,100 --> 01:01:39,400
fascinating thing, right? 
And we think about just what's 

1247
01:01:39,400 --> 01:01:41,800
fascinating about Bitcoins 
decentralisation, it can come 

1248
01:01:41,800 --> 01:01:44,600
show up anywhere in the world. 
Bitcoin mining is kind of, you 

1249
01:01:44,600 --> 01:01:47,800
know, that to a I'd say even 
higher degree, right? 

1250
01:01:47,800 --> 01:01:50,000
Because it's all about 
profitability and the ability to

1251
01:01:50,000 --> 01:01:54,800
kind of make Bitcoin and again, 
the u.s. is, you know, obviously

1252
01:01:54,800 --> 01:01:58,000
a large producer today. 
But it's happening all over the 

1253
01:01:58,000 --> 01:02:01,300
world, right? 
And as a Bitcoin miner, you 

1254
01:02:01,300 --> 01:02:03,100
know, I continue to see that 
happening, right, you know, 

1255
01:02:03,300 --> 01:02:05,900
Different points in time at 
different points in the day at 

1256
01:02:05,900 --> 01:02:10,300
different times of the year. 
The the the abyss, excuse me, 

1257
01:02:10,300 --> 01:02:11,900
the availability of energy 
changes. 

1258
01:02:12,300 --> 01:02:15,500
And so, again, the the Bitcoin 
mining at work again, is this 

1259
01:02:15,500 --> 01:02:18,000
fascinating thing that I think 
kind of balances out and is 

1260
01:02:18,000 --> 01:02:19,700
going to just kind of continue 
to grow. 

1261
01:02:20,300 --> 01:02:22,700
And again we as Bitcoin miners 
are always thinking about 

1262
01:02:22,700 --> 01:02:25,300
optimization. 
And so that's where I think, you

1263
01:02:25,300 --> 01:02:28,100
know, people talk about, you 
know, will the network kind of 

1264
01:02:28,100 --> 01:02:31,100
get too big? 
Well the network kind of over 

1265
01:02:31,100 --> 01:02:33,900
consume energy, I think not Of 
that's going to happen. 

1266
01:02:33,900 --> 01:02:36,500
Because again, every single one 
of us has to think every day, 

1267
01:02:36,500 --> 01:02:39,900
every week about how our loads 
are operating how they're being 

1268
01:02:39,900 --> 01:02:42,100
integrated. 
And when we start to do that, 

1269
01:02:42,100 --> 01:02:45,600
you know, this this concept of a
decentralized, you know, rock 

1270
01:02:45,600 --> 01:02:51,300
solid asset, you know we think 
you know is is is going to take 

1271
01:02:51,300 --> 01:02:54,500
hold and again without the 
Bitcoin mining Network, there is

1272
01:02:54,500 --> 01:02:56,700
no Bitcoin and so therefore, you
know, effectively, you know, 

1273
01:02:56,700 --> 01:02:59,600
we're underwriting this this, 
you know, global commodity 

1274
01:02:59,600 --> 01:03:01,500
called Bitcoin that we think, 
you know, it's going to have 

1275
01:03:01,500 --> 01:03:03,400
immense value as we go on. 
On. 

1276
01:03:04,400 --> 01:03:06,300
Wow. 
Well, you know, sometimes the 

1277
01:03:06,300 --> 01:03:10,000
show gets dark when we cover all
of the corporate press but I 

1278
01:03:10,000 --> 01:03:12,300
think, by the end of today's 
show, everyone is going to be 

1279
01:03:12,300 --> 01:03:15,100
stupidly bullish on bitcoin like
they should be. 

1280
01:03:15,300 --> 01:03:16,700
All right guys, let's get in the
meme review. 

1281
01:03:16,700 --> 01:03:17,900
Your favorite portion of the 
show. 

1282
01:03:21,100 --> 01:03:25,200
The daily meme review brought to
you by Kaboom racks. 

1283
01:03:25,200 --> 01:03:26,600
I get this question all the 
time. 

1284
01:03:26,600 --> 01:03:28,500
Nico. 
Where should I buy Bitcoin? 

1285
01:03:28,500 --> 01:03:30,400
Miners to answer is Kaboom 
racks. 

1286
01:03:30,400 --> 01:03:32,900
It's the best place to buy 
Bitcoin miners. 

1287
01:03:33,000 --> 01:03:35,300
That's where you're going to 
find the best deals and the best

1288
01:03:35,300 --> 01:03:38,600
prices start. 
Your mining Utopia today, to 

1289
01:03:38,600 --> 01:03:41,900
check out their racks. 
You got to go to T dot me, slash

1290
01:03:41,900 --> 01:03:44,500
Kaboom racks. 
Join their telegram group and 

1291
01:03:44,500 --> 01:03:47,000
start your mining Journey today.
Kaboom Iraq. 

1292
01:03:48,200 --> 01:03:50,900
Kaboom Max. 
All right, guys, you already 

1293
01:03:50,900 --> 01:03:54,000
know the deal. 
You watch the whole show, just 

1294
01:03:54,000 --> 01:03:57,100
to get to the mean review. 
I know how you guys Works 

1295
01:03:57,100 --> 01:03:59,100
tweets, are the bullets. 
Memes are the artillery. 

1296
01:03:59,300 --> 01:04:04,000
Keep tagged me on Twitter at 
simply Bitcoin TV for the memes 

1297
01:04:04,000 --> 01:04:06,700
and I will get to as many as 
possible drop the memes in our 

1298
01:04:06,708 --> 01:04:09,300
telegram group. 
And again, I will get to as many

1299
01:04:09,300 --> 01:04:12,600
as possible on the show. 
Forgive today's mean review. 

1300
01:04:12,600 --> 01:04:15,400
Guys, it's gonna be a little 
clunkier than usual because I 

1301
01:04:15,408 --> 01:04:17,800
really want to start this one 
off with this yellow me. 

1302
01:04:17,900 --> 01:04:21,800
Um it was Act is cracking me up 
over the weekend, so I want to 

1303
01:04:21,800 --> 01:04:24,500
play this one. 
So first meme is by yellow and 

1304
01:04:24,500 --> 01:04:27,400
he goes everything is macro now.
All right. 

1305
01:04:27,400 --> 01:04:35,800
Listen. 
Do you know Black Rock? 

1306
01:04:36,200 --> 01:04:40,400
Yeah, you hold Bitcoin block off
is by because everything is 

1307
01:04:40,400 --> 01:04:50,000
macaroni. 
Let me get this other memes up 

1308
01:04:50,000 --> 01:04:52,000
here, man. 
Yellow killed me, that one was 

1309
01:04:52,000 --> 01:04:54,100
hilarious. 
Okay, I know you guys are 

1310
01:04:54,100 --> 01:04:56,700
feeling the same way on Twitter.
Everything is macaron out. 

1311
01:04:56,700 --> 01:04:58,700
All right. 
So this next meme is by the BTC 

1312
01:04:58,700 --> 01:05:02,000
therapist and he goes, you will 
never get my Bitcoin. 

1313
01:05:02,000 --> 01:05:05,000
And this goes, this is obviously
the Matrix meme. 

1314
01:05:05,000 --> 01:05:10,100
Where what's-his-name, mr. 
Know, I forget the agent, the 

1315
01:05:10,100 --> 01:05:12,100
agent, trying to get out of the 
Morpheus, is named what's 

1316
01:05:12,500 --> 01:05:14,100
whatever? 
Anyways, the government's trying

1317
01:05:14,100 --> 01:05:17,800
to extract the Bitcoin seed, 
phrase from my brain in 2040 and

1318
01:05:18,600 --> 01:05:21,800
Morpheus has a Bitcoin logo on 
his head and agent 

1319
01:05:21,900 --> 01:05:24,600
what's-his-name. 
I am, I blinking has FBI on him.

1320
01:05:24,600 --> 01:05:27,200
Okay, this next one. 
Shout out to my boy, Copernicus,

1321
01:05:27,400 --> 01:05:32,900
because he was trolling me on 
our spaces on Friday where I'm, 

1322
01:05:33,100 --> 01:05:36,900
I'm recently coming around to 
the idea that Bitcoin is getting

1323
01:05:36,900 --> 01:05:39,800
involved with politics. 
Whether it's on a local level or

1324
01:05:39,800 --> 01:05:41,900
state level. 
Might be an important thing 

1325
01:05:41,900 --> 01:05:44,500
moving forward. 
I don't know, call me crazy. 

1326
01:05:44,600 --> 01:05:47,800
Anyways, my boy Copernicus over 
here, copernicus's son. 

1327
01:05:48,400 --> 01:05:52,900
Six goes Opti he tagged assembly
Bitcoin account because if 

1328
01:05:52,900 --> 01:05:56,000
talking to politicians is not a 
waste of energy, why is my Asic 

1329
01:05:56,000 --> 01:05:59,100
not going Burr? 
And we got a guy talking to a 

1330
01:05:59,100 --> 01:06:02,700
brick wall in the brick wall, 
has the White House logo on it, 

1331
01:06:02,900 --> 01:06:06,500
and he's gotten a shake. 
That is not burying because as 

1332
01:06:06,500 --> 01:06:10,300
you can tell, it's a pun on the 
fact that if you are not 

1333
01:06:10,300 --> 01:06:14,300
plugging in your Asics into the 
electrical grid, you are wasting

1334
01:06:14,300 --> 01:06:16,900
energy anyways. 
Its next Name Is, by The Swan 

1335
01:06:16,900 --> 01:06:19,600
account and it Because you are 
not late to bitcoin. 

1336
01:06:19,600 --> 01:06:22,800
You are an OG 98% of adoption is
ahead. 

1337
01:06:22,800 --> 01:06:25,400
And we have this chart here by 
block where Solutions and says 

1338
01:06:25,400 --> 01:06:28,800
percentage of global population 
using Bitcoin plus the Bitcoin 

1339
01:06:28,800 --> 01:06:31,600
Supply issuance and you can see 
here this one's actually old 

1340
01:06:31,600 --> 01:06:34,000
now. 
But you are here guys you are 

1341
01:06:34,000 --> 01:06:37,300
still early to bitcoin. 
I don't care what anyone says. 

1342
01:06:37,400 --> 01:06:40,100
I think what I like at what 
point zero, zero zero, two 

1343
01:06:40,100 --> 01:06:42,400
percent. 
Adoption in regards to 

1344
01:06:42,408 --> 01:06:45,600
population. 
You're still early guys just 

1345
01:06:45,600 --> 01:06:48,200
keep stacking. 
Okay this next meme is by Well, 

1346
01:06:48,200 --> 01:06:51,300
Jack Bitcoin memes AKA at. 
Whoa, Jack Bitcoin on Twitter 

1347
01:06:51,500 --> 01:06:54,300
and it goes, every big corner 
has to moods. 

1348
01:06:54,400 --> 01:06:56,500
And we got liquor. 
Whoa, Jack Bitcoin. 

1349
01:06:56,500 --> 01:06:58,100
Over here goes, I must tell 
everyone. 

1350
01:06:58,100 --> 01:07:01,700
I know about Bitcoin and then we
got the dark orange pilled, 

1351
01:07:01,700 --> 01:07:05,000
whoa, Jack over here. 
That is a little more nefarious 

1352
01:07:05,000 --> 01:07:08,000
and he just smiles and Strikes 
and goes have fun, staying poor,

1353
01:07:08,000 --> 01:07:09,800
if you are not stacking Bitcoin,
okay. 

1354
01:07:09,800 --> 01:07:11,800
This next one is kind of a 
two-parter. 

1355
01:07:12,100 --> 01:07:17,200
We have Bobby shell up here AKA 
at I Bobby shell on Twitter. 

1356
01:07:17,800 --> 01:07:21,400
And it has a soprano memes and 
it goes Citadel, BlackRock 

1357
01:07:21,400 --> 01:07:26,900
Fidelity, Charles Schwab. 
They are all on the gambling 

1358
01:07:26,900 --> 01:07:29,500
table and goes never tell 
anybody outside the family what 

1359
01:07:29,500 --> 01:07:32,200
you're thinking. 
And then the meme though is a 

1360
01:07:32,200 --> 01:07:36,800
variation by Maddow and it's the
same meme, but the poker chips 

1361
01:07:36,800 --> 01:07:42,300
have blue check marks on it. 
And on that note, we have Matt 

1362
01:07:42,300 --> 01:07:45,600
Adele here on the very last name
by at toxic big Corner. 

1363
01:07:45,600 --> 01:07:49,500
Go stay humble Stacks at and We 
got mad Adele here smiling with 

1364
01:07:49,500 --> 01:07:52,100
his hat. 
No bugs, no pod, no blue check 

1365
01:07:52,100 --> 01:07:53,900
and he goes, I will not wear the
mask. 

1366
01:07:53,900 --> 01:07:56,400
I will not take the job. 
I will not lock down, I will not

1367
01:07:56,400 --> 01:07:58,500
install the app. 
I will not go to the camp, I 

1368
01:07:58,500 --> 01:08:01,000
will not eat the bugs. 
I will not live in a pod. 

1369
01:08:01,100 --> 01:08:03,800
I will not buy the blue check, I
will not give up my guns. 

1370
01:08:03,800 --> 01:08:06,200
I will not denounce. 
My God, I will not let you win. 

1371
01:08:06,300 --> 01:08:12,900
I will stay humble and stack sad
guys, yard another deal. 

1372
01:08:13,700 --> 01:08:15,500
Drop your me. 
Move, you score in the chat. 

1373
01:08:15,500 --> 01:08:19,399
Wait, which side is it? 
That's I'd drop it in the chat. 

1374
01:08:19,500 --> 01:08:23,200
No, wait, that's I'd drop it in 
the chat and we will cover it 

1375
01:08:23,200 --> 01:08:26,300
live. 
So, today, for my mean review 

1376
01:08:26,300 --> 01:08:32,200
score, I think I've given these 
all individually but today I'm 

1377
01:08:32,200 --> 01:08:39,200
giving you a fat stack of 
Bitcoin, mag physical ziens, all

1378
01:08:39,200 --> 01:08:43,700
of them, all of them, not in 
order but It's the stack of 

1379
01:08:43,700 --> 01:08:48,000
Bitcoin ziens. 
Okay there's our, what would be 

1380
01:08:48,000 --> 01:08:50,200
your mean review score for 
today's memes? 

1381
01:08:53,600 --> 01:08:57,100
Let's say eight throwback. 
Let's go. 

1382
01:08:57,100 --> 01:09:02,399
Okay. 
Alright guys, continue to drop 

1383
01:09:02,399 --> 01:09:05,300
your meme scores in the chat and
I will cover them. 

1384
01:09:05,300 --> 01:09:08,300
Let me see. 
I haven't updated the music yet 

1385
01:09:08,300 --> 01:09:15,600
so I will have to update for 
Wednesday but I don't have any 

1386
01:09:15,600 --> 01:09:19,600
music here, but is this? 
Alright drumroll drumroll. 

1387
01:09:19,600 --> 01:09:23,000
Okay. 
Take wait, wait wait. 

1388
01:09:23,000 --> 01:09:26,899
Take the ride. 
He goes my meme. 

1389
01:09:26,899 --> 01:09:33,200
Score is a dyslexic Opti known a
it's this this is this is mere 

1390
01:09:33,200 --> 01:09:35,200
not mirrored so it's the 
opposite. 

1391
01:09:35,200 --> 01:09:39,500
It gets confusing. 
Okay this next one is by Elaine 

1392
01:09:39,800 --> 01:09:42,899
and she goes score. 
Bitcoin has realized BlackRock 

1393
01:09:43,399 --> 01:09:45,500
at all don't want Bitcoin for 
Freedom. 

1394
01:09:45,500 --> 01:09:47,200
Money. 
Controlling the world is in 

1395
01:09:47,200 --> 01:09:50,899
their DNA caution. 
Yes, every bit Corners alarm, 

1396
01:09:50,899 --> 01:09:53,899
bells are Ringing in their head.
Okay. 

1397
01:09:53,899 --> 01:09:59,100
This next meme is by j-dub the 
Laker 21 Mill and he goes meme 

1398
01:09:59,100 --> 01:10:01,600
score 10,000 degrees from the 
sun. 

1399
01:10:01,600 --> 01:10:07,400
Creating hyperinflations. 
Oh man, okay, oh, Golden Eagle 

1400
01:10:07,400 --> 01:10:09,600
wrecking. 
Me says the first one was bad. 

1401
01:10:09,600 --> 01:10:12,500
I won't even give it a score. 
What do you mean, man? 

1402
01:10:12,500 --> 01:10:14,300
What do you mean? 
That one was great. 

1403
01:10:14,400 --> 01:10:18,900
Okay, this next meme is by wanna
kiss and his score is a hashtag 

1404
01:10:18,900 --> 01:10:22,300
free copper if you know, you I 
know. 

1405
01:10:22,400 --> 01:10:24,500
All right, I'm getting I'm 
getting roasted in here because 

1406
01:10:24,500 --> 01:10:26,900
I don't have the music. 
All right, I'll upload it after 

1407
01:10:26,900 --> 01:10:28,100
Today's Show. 
Okay. 

1408
01:10:28,100 --> 01:10:29,600
All right. 
Thank you guys, thank you. 

1409
01:10:29,800 --> 01:10:36,500
Okay, well anyways me and score 
over your another deal. 

1410
01:10:37,100 --> 01:10:39,500
Really appreciate every one of 
you guys but before we go on is 

1411
01:10:39,500 --> 01:10:40,900
our. 
Thank you so much for coming on 

1412
01:10:40,900 --> 01:10:44,900
Today Show stupidly bullish. 
Not only about what you guys are

1413
01:10:44,900 --> 01:10:47,300
doing. 
I am very hopeful for your 

1414
01:10:47,300 --> 01:10:50,600
company moving forward but also 
what you guys represent for 

1415
01:10:50,600 --> 01:10:52,600
Bitcoin miners. 
And the energy grid moving 

1416
01:10:52,600 --> 01:10:55,000
forward. 
So, continue to do what you're 

1417
01:10:55,000 --> 01:10:57,600
doing. 
Continue to educate people and 

1418
01:10:57,600 --> 01:11:01,700
continue to get those contracts 
with some energy operators so 

1419
01:11:01,700 --> 01:11:05,700
that we can maintain and, you 
know, bring the world into the 

1420
01:11:05,700 --> 01:11:08,700
21st century. 
So where can people find you in 

1421
01:11:08,700 --> 01:11:11,600
Hazard? 
They can find me. 

1422
01:11:12,700 --> 01:11:18,200
Drop me a line, I'm just hon. 
Kjn at Terre, wolf.com Chloe is 

1423
01:11:18,200 --> 01:11:21,200
our Master social media so we're
on Twitter on. 

1424
01:11:23,300 --> 01:11:25,400
LinkedIn. 
And so, yeah, look us up 

1425
01:11:25,400 --> 01:11:27,200
anywhere. 
And then again, I mean, I know 

1426
01:11:27,200 --> 01:11:30,700
Kerry has been on here as well. 
And so we got an amazing team. 

1427
01:11:30,700 --> 01:11:34,700
And so any one of us hit us up 
and we're always willing to, you

1428
01:11:34,700 --> 01:11:36,100
know, kind of talk about what 
we're up to. 

1429
01:11:36,100 --> 01:11:38,900
And again, thanks for having, 
thanks for having me on here. 

1430
01:11:38,900 --> 01:11:41,800
And next time I come on, I'll 
come up with a better score for 

1431
01:11:41,800 --> 01:11:43,400
the memes. 
Perfect! 

1432
01:11:43,400 --> 01:11:47,500
Perfect dude, doing a great job.
Don't worry about the mean 

1433
01:11:47,500 --> 01:11:49,400
score. 
They they they're okay. 

1434
01:11:49,400 --> 01:11:51,300
They're Savages over there in 
the chat box. 

1435
01:11:51,400 --> 01:11:53,000
Bro. 
It's all right it's all right 

1436
01:11:53,000 --> 01:11:55,500
but kudos to you really 
appreciate it. 

1437
01:11:55,500 --> 01:11:58,800
If you guys want to jump in on 
Twitter spaces we are running 

1438
01:11:58,800 --> 01:12:01,200
the Twitter spaces right now. 
So we want to continue the 

1439
01:12:01,200 --> 01:12:03,900
conversation. 
By all means is are we are on 

1440
01:12:03,900 --> 01:12:07,300
Twitter spaces as well but thank
you for coming out. 

1441
01:12:07,300 --> 01:12:09,200
I'm going to put you behind the 
scenes so I can roll this one 

1442
01:12:09,200 --> 01:12:11,100
out. 
All right guys you already know 

1443
01:12:11,100 --> 01:12:14,500
the deal. 
We are not only on YouTube. 

1444
01:12:14,500 --> 01:12:20,000
We are also on all of your 
favorite audio platforms. 

1445
01:12:20,000 --> 01:12:22,800
Anchor Spotify, Apple We are a 
part of the valley for Value 

1446
01:12:22,800 --> 01:12:25,300
economy on Fountain, we 
appreciate all the support you 

1447
01:12:25,300 --> 01:12:28,400
guys. 
Give us means a lot to us and 

1448
01:12:28,400 --> 01:12:31,200
just continued to spread all the
Bitcoin signal. 

1449
01:12:31,200 --> 01:12:32,800
That's the most important thing 
to do. 

1450
01:12:32,800 --> 01:12:36,800
As you can tell, we are in an 
uphill battle, to educate the 

1451
01:12:36,800 --> 01:12:40,700
world, educate the masses. 
And of course, educate 

1452
01:12:40,700 --> 01:12:44,600
influential people that are 
doing things because bitcoiners 

1453
01:12:44,600 --> 01:12:47,100
build and we are changing the 
world. 

1454
01:12:47,100 --> 01:12:50,400
So, Stay tuned. 
We will be back next week. 

1455
01:12:50,400 --> 01:12:53,700
I'm sure Nico will be back for 
the full show tomorrow, so we'll

1456
01:12:53,700 --> 01:12:55,700
be back to our normally 
scheduled Joe. 

1457
01:12:56,000 --> 01:12:59,400
And of course, join us on 
Twitter and Twitter spaces. 

1458
01:12:59,600 --> 01:13:02,600
We are going till 2 p.m. live or
2 p.m. 

1459
01:13:02,600 --> 01:13:06,700
Eastern and we're going to be 
there right now. 

1460
01:13:06,700 --> 01:13:10,200
So peace out guys. 
Until next time this is simply 

1461
01:13:10,200 --> 01:13:13,500
Bitcoin and we are out. 
Peace out. 

1462
01:13:40,400 --> 01:13:44,500
The Bitcoin signal. 
So come up here, add your two 

1463
01:13:44,500 --> 01:13:47,300
sets to the conversation. 
Alright guys, I see, there's a 

1464
01:13:47,308 --> 01:13:49,500
few people coming up, so one 
second, one second. 

1465
01:13:49,500 --> 01:13:53,800
Let me make sure that this is 
ended Live on YouTube. 

1466
01:13:53,800 --> 01:13:55,300
Okay, we're done.