1 00:00:03,560 --> 00:00:06,400 It's all. Going to zero against Bitcoin. 2 00:00:07,200 --> 00:00:17,080 It's going on forever. You're against Bitcoin. 3 00:00:17,120 --> 00:00:24,280 You're against freedom. Yeah, Welcome to another episode 4 00:00:24,280 --> 00:00:26,000 of Simply Bitcoin Live. We're your number one source for 5 00:00:26,000 --> 00:00:28,280 the peaceful Bitcoin revolution. Breaking news culture, Matic 6 00:00:28,280 --> 00:00:29,480 warfare. We will be your guide through 7 00:00:29,480 --> 00:00:31,200 the separation of money. And say, ladies and gentlemen, 8 00:00:31,200 --> 00:00:33,880 welcome to Simply Bitcoin. The most watched daily Bitcoin 9 00:00:33,880 --> 00:00:35,880 live show on YouTube. Rumble NX. 10 00:00:36,640 --> 00:00:39,200 Interesting news coming out. There is a Bloomberg article. 11 00:00:39,200 --> 00:00:42,920 The headline was Bitcoin is trumping dollars for many 12 00:00:42,920 --> 00:00:46,280 inflation wary Argentines. Now it's really interesting 13 00:00:46,280 --> 00:00:48,560 because what tends to happen in the developing world. 14 00:00:48,560 --> 00:00:52,120 I've seen this over and over again is that you have a large 15 00:00:52,120 --> 00:00:55,600 demand for tether like stable coins, right? 16 00:00:56,480 --> 00:01:00,080 This is really the first time that I've seen a developing 17 00:01:00,080 --> 00:01:04,200 country that is going to benefit tremendously from switching to a 18 00:01:04,200 --> 00:01:09,520 sound money standard actually opted into Bitcoin rather than 19 00:01:09,520 --> 00:01:11,760 stable coins. Very, very interesting. 20 00:01:11,920 --> 00:01:16,120 How much does that have to do with the recent presidential 21 00:01:16,120 --> 00:01:18,320 election, the first time a Libertarian candidate was 22 00:01:18,320 --> 00:01:23,120 elected in world history? I don't know, maybe the 2GO hand 23 00:01:23,120 --> 00:01:25,640 in hand, but what I can tell you is that there's kind of like 24 00:01:25,640 --> 00:01:29,680 this, this global awakening happening and it's kind of 25 00:01:29,720 --> 00:01:31,800 refreshing like it it feels good. 26 00:01:31,800 --> 00:01:34,520 Like all these years in clown world, like we were just talking 27 00:01:34,520 --> 00:01:37,640 about the, you know, the the clown worldness of the pandemic 28 00:01:37,640 --> 00:01:39,360 a couple minutes before we went on air. 29 00:01:39,920 --> 00:01:43,160 It's really kind of refreshing to see this in a way, you know, 30 00:01:44,760 --> 00:01:47,360 in a way you could say you can make a really good argument that 31 00:01:47,360 --> 00:01:50,400 the fight is halfway one. And the reason I say that is the 32 00:01:50,400 --> 00:01:52,960 famous quote, you don't change Bitcoin, Bitcoin changes you. 33 00:01:53,560 --> 00:01:56,440 So if this article really is true and if this is really the 34 00:01:56,440 --> 00:02:00,160 case and a large percentage of the Argentine population is 35 00:02:00,160 --> 00:02:03,560 holding on to Bitcoin, you know, they're gonna, they're gonna do 36 00:02:03,560 --> 00:02:05,800 what bitcoiners do, right? Which is, you know, small 37 00:02:05,800 --> 00:02:07,480 government. Leave me the F alone. 38 00:02:07,480 --> 00:02:10,199 You know, hopefully a lot of them are taking self custody. 39 00:02:10,199 --> 00:02:12,920 If not, you know we got to push that. 40 00:02:13,160 --> 00:02:15,320 So it's it's really exciting stuff man. 41 00:02:15,320 --> 00:02:19,080 I I'm, I'm really hopeful about this future but we got to fight 42 00:02:19,360 --> 00:02:22,920 and not fight in the traditional sense, in the kinetic sense but 43 00:02:22,920 --> 00:02:25,920 we got to really get the message out there, Bitcoin or slavery. 44 00:02:26,200 --> 00:02:30,800 Anyways in other news also we had the Coinbase CEO, Brian 45 00:02:30,800 --> 00:02:35,040 Armstrong, he was being interviewed on Bloomberg TV and 46 00:02:35,040 --> 00:02:38,800 you know he's just pretty crazy. Coinbase basically accounts for 47 00:02:38,800 --> 00:02:42,920 90% of the custody of the Bitcoin for the ETFs. 48 00:02:43,120 --> 00:02:46,560 That's a large amount. And that's just, I just, I hear, 49 00:02:46,560 --> 00:02:50,480 you know, my brain just can't help to think, you know, 6102. 50 00:02:50,760 --> 00:02:54,720 And we have a very special guest to talk about that today who has 51 00:02:54,720 --> 00:02:58,120 a 6102 order in his background. Of course, I'm talking about the 52 00:02:58,120 --> 00:03:01,880 founder and CEO of Bigel, Adam O'Brien. 53 00:03:01,880 --> 00:03:03,160 What's up man? How you doing? 54 00:03:03,560 --> 00:03:08,200 Yo. 61O2 vibes man. I was literally in Vancouver 55 00:03:08,200 --> 00:03:13,400 talking to a group of incredible bitcoiners and this exact topic 56 00:03:13,400 --> 00:03:16,640 came up. It was like Coinbase has too 57 00:03:16,640 --> 00:03:20,080 many bitcoins and that has theft written all over it. 58 00:03:20,760 --> 00:03:22,640 Yeah, I I think it's just a matter of time. 59 00:03:22,640 --> 00:03:25,720 Like, I I can't believe not enough people are, you know, 60 00:03:25,720 --> 00:03:27,600 kind of waking up to that reality. 61 00:03:27,760 --> 00:03:31,600 You know, they're just, yeah. Even the micro strategies, like, 62 00:03:31,960 --> 00:03:33,480 you know, I think what he's doing is awesome. 63 00:03:33,480 --> 00:03:36,600 But like, those aren't sitting in a cold card, man. 64 00:03:36,600 --> 00:03:40,120 Those aren't sitting in a passport like in, you know, in a 65 00:03:40,120 --> 00:03:42,640 fireproof safe with backups on a seed plate. 66 00:03:42,640 --> 00:03:46,000 Like that's just sitting in Brian Custody's treasure chest. 67 00:03:47,360 --> 00:03:50,840 Hopefully not like actually sitting in the crypto casino of 68 00:03:50,840 --> 00:03:53,000 Binance. Like, we don't know. 69 00:03:53,000 --> 00:03:55,360 They don't publish proofs of reserves like we got no clue. 70 00:03:56,600 --> 00:03:59,680 How funny would it be if you know Brian just had a like a 71 00:03:59,680 --> 00:04:04,760 hardware wallet with the labels of like Coinbase Micro strategy? 72 00:04:04,760 --> 00:04:09,440 Micro strategies like this one's for, you know, Wisdom Tree ETF. 73 00:04:09,440 --> 00:04:13,360 This one's for like, they're just all in this, like his desk 74 00:04:13,360 --> 00:04:15,160 side drawer. No, his bedside. 75 00:04:15,160 --> 00:04:16,160 Table. His night table. 76 00:04:16,200 --> 00:04:18,160 His night table. He's just like, has him there. 77 00:04:18,640 --> 00:04:22,680 He's got like, how to scam 101 for dummies and then like a 78 00:04:22,680 --> 00:04:26,240 bunch of a bunch of hardware wallets sitting on top of. 79 00:04:27,720 --> 00:04:30,680 Dude, I'm just telling you, it's like, yeah, here at Coinbase, 80 00:04:30,680 --> 00:04:34,120 you know, we, we offer a sophistic level of cold storage 81 00:04:34,120 --> 00:04:36,160 and you know, and he's just like laughing his ass off, like, 82 00:04:36,160 --> 00:04:39,760 yeah, you could send the funds, you know, and he's just using 83 00:04:39,760 --> 00:04:44,480 like Sparrow and like look at. This will Coinbase be Mt Gox 2 84 00:04:44,480 --> 00:04:46,160 point O? No it won't. 85 00:04:46,240 --> 00:04:48,680 It'll be it'll be Mt Gox like 6 point O. 86 00:04:48,680 --> 00:04:51,840 Because we've got we we we've passed two and three and four 87 00:04:51,840 --> 00:04:56,400 and five point O already It's like oh bad, so bad. 88 00:04:57,080 --> 00:05:00,720 Yeah keep your keep your coins. You know yourself folks you 89 00:05:00,720 --> 00:05:05,680 don't have enough Bitcoin. You you simultaneously have too 90 00:05:05,680 --> 00:05:09,600 much Bitcoin for it to not be important it therefore it is 91 00:05:09,600 --> 00:05:12,240 important and you don't have enough that you should feel 92 00:05:12,240 --> 00:05:15,880 scared to hold it yourself. Like, you know, I can kind of 93 00:05:15,880 --> 00:05:18,760 see sailors like, you know, whatever. 94 00:05:19,040 --> 00:05:25,240 But like, I think you Kelly taking like that's a like who's 95 00:05:25,240 --> 00:05:29,120 the giga Chad here, that's like that's pretty dope. 96 00:05:30,360 --> 00:05:33,920 Yeah, I mean, dude, total, absolute Giga. 97 00:05:33,920 --> 00:05:39,800 Chad and I, I I think I saw his, his beard grow a little bit, You 98 00:05:39,840 --> 00:05:42,480 know, I think I've seen their beard grow, 'cause I know like 99 00:05:42,520 --> 00:05:45,800 by the time after they're in it for a couple cycles, you know, 100 00:05:45,960 --> 00:05:48,600 it's inevitable that their beards get thicker and longer 101 00:05:48,600 --> 00:05:51,960 so. Look at look at us like you know 102 00:05:52,000 --> 00:05:54,920 couple of couple of bearded beard you know it's we're 103 00:05:54,960 --> 00:05:58,000 hitting in a couple cycles here where this is the way. 104 00:05:58,120 --> 00:06:00,360 I couldn't grow facial hair when I first got. 105 00:06:02,080 --> 00:06:04,360 It's like the weirdest thing. I bought Bitcoin and then I 106 00:06:04,360 --> 00:06:07,080 could grow a beard. It's so strange, you know, You 107 00:06:07,080 --> 00:06:08,720 don't change Bitcoin, Bitcoin changes you. 108 00:06:08,720 --> 00:06:11,800 Literally. I want to welcome my optimistic 109 00:06:11,800 --> 00:06:13,000 Co host. Hold on, hold on. 110 00:06:13,000 --> 00:06:16,760 I'm sensing a lot of Beardism here because your boy can't grow 111 00:06:16,760 --> 00:06:18,640 facial hair, so. I don't know that you. 112 00:06:18,760 --> 00:06:21,120 Got I don't know what's going on here, bro. 113 00:06:22,160 --> 00:06:24,320 This. Seems a little anti beard here. 114 00:06:24,360 --> 00:06:26,120 You're way a little too pro beard here. 115 00:06:26,120 --> 00:06:27,800 You're the Johnny Depp of Bitcoin, bro. 116 00:06:28,400 --> 00:06:30,600 Hey I could only hope. I could only hope. 117 00:06:30,640 --> 00:06:33,760 But you also also I got another point of contention. 118 00:06:33,760 --> 00:06:36,360 You guys are giving Brian Armstrong way too much credit. 119 00:06:36,360 --> 00:06:40,360 We all know he just has one hardware wallet if that and all 120 00:06:40,360 --> 00:06:44,200 the coiner is is in one pool and he just does whatever he wants 121 00:06:44,200 --> 00:06:47,720 with it and it's not separated by companies or holders it's 122 00:06:47,720 --> 00:06:51,160 just like one bag. Hey, here, take some coins. 123 00:06:51,160 --> 00:06:52,600 What? Do what you with it? 124 00:06:52,600 --> 00:06:54,600 Wherever he's hypothecating. Who really cares? 125 00:06:54,600 --> 00:06:58,200 No one answers. He's like, he's like, Oh no, my 126 00:06:58,200 --> 00:07:00,800 Utxos are out of whack. I got a UTXO managed. 127 00:07:00,800 --> 00:07:03,160 Let's just put them all into one address, yeah? 128 00:07:04,400 --> 00:07:06,960 Exactly. Oh man, we got a comment in the 129 00:07:06,960 --> 00:07:10,560 chat Optis SB theme Tighty whities for bull market says. 130 00:07:10,920 --> 00:07:13,480 Is Opti not stacking at all or just? 131 00:07:13,480 --> 00:07:16,680 Larping Dude, I can't grow facial hair, so I'm Larping out 132 00:07:16,680 --> 00:07:19,000 here. She took control of the bank 133 00:07:19,000 --> 00:07:21,120 accounts and that's it. He can't move to Bitcoin 134 00:07:21,120 --> 00:07:22,480 anymore. It's a Fiat only. 135 00:07:22,880 --> 00:07:26,600 You know you know if I if I could grow beard guys I would 136 00:07:26,600 --> 00:07:29,880 have a beard. But like I I is it early enough? 137 00:07:29,880 --> 00:07:31,400 Yeah. We're we're past in 2 minutes. 138 00:07:31,400 --> 00:07:33,600 I I don't like growing pubes on my face. 139 00:07:33,600 --> 00:07:33,840 You. Know. 140 00:07:33,880 --> 00:07:35,640 I think it's even. Nice and clean. 141 00:07:37,880 --> 00:07:38,320 All right. All right. 142 00:07:38,320 --> 00:07:38,600 Fair. Enough. 143 00:07:38,600 --> 00:07:41,560 All right, ladies and. Gentlemen, it's gonna be an 144 00:07:41,560 --> 00:07:44,320 amazing show. We have a ton to uncover and ton 145 00:07:44,320 --> 00:07:47,320 to ton to unpack. But before we get to it, I wanna 146 00:07:47,320 --> 00:07:50,680 give a very special shout out to our flagship sponsor. 147 00:07:50,680 --> 00:07:53,440 And of course I'm talking about Bitcoin. 148 00:07:53,440 --> 00:07:58,160 Well guys, the best place to build your automatic self 149 00:07:58,160 --> 00:08:00,520 custody Bitcoin stack is Bitcoin. 150 00:08:00,520 --> 00:08:02,920 Well, it's a publicly traded company coming out of Canada 151 00:08:02,920 --> 00:08:06,280 that recently expanded to all fifty U.S. states. 152 00:08:06,280 --> 00:08:09,120 And that's right, you can't buy Bitcoin on Bitcoin. 153 00:08:09,120 --> 00:08:11,160 Well, unless you're going to take self custody. 154 00:08:11,320 --> 00:08:14,840 Help us make self custody the standard in the United States of 155 00:08:14,840 --> 00:08:17,760 America and that's exactly why you got Bitcoin. 156 00:08:17,760 --> 00:08:21,480 Well today and on today's episode also, we have a little 157 00:08:21,560 --> 00:08:25,080 update for you guys on the Bitcoin Jackpot contest. 158 00:08:26,160 --> 00:08:28,960 Guys go check it out. If you enter into the jackpot 159 00:08:28,960 --> 00:08:33,360 contest right now, you have an opportunity to win 69% of almost 160 00:08:33,360 --> 00:08:36,720 3,000,000 Sats. And not to mention all the 161 00:08:36,720 --> 00:08:39,360 prizes that we have given away over the last couple weeks. 162 00:08:39,360 --> 00:08:41,720 So we've given away a passport, the said Bunny book. 163 00:08:42,039 --> 00:08:44,920 Last week, every single weekday we gave away seed plates. 164 00:08:44,920 --> 00:08:47,560 We're going to give we're going to announce the winners on 165 00:08:47,560 --> 00:08:50,800 today's episode and you know, over the next couple weeks we're 166 00:08:50,800 --> 00:08:52,320 going to have some more giveaways as well. 167 00:08:52,320 --> 00:08:55,440 So guys, check out bitcoinwell.com Best place to 168 00:08:55,440 --> 00:08:57,200 build your automatic self custody stack. 169 00:08:57,440 --> 00:08:58,880 And if you want to join the contest, go to 170 00:08:58,880 --> 00:09:01,880 bitcoinwell.com/contest for more details. 171 00:09:01,880 --> 00:09:03,680 All right everybody, let's jump into the numbers. 172 00:09:03,680 --> 00:09:04,720 We have a lot to talk about today. 173 00:09:04,720 --> 00:09:08,960 Let's check it out. The Bitcoin numbers. 174 00:09:09,360 --> 00:09:12,240 Is your Bitcoin and cold storage really secure? 175 00:09:12,360 --> 00:09:14,880 Is your seed phrase really secure? 176 00:09:15,040 --> 00:09:16,600 Stamp seeds? Do it yourself. 177 00:09:16,600 --> 00:09:20,320 Kit has everything you need to hammer your seed words into 178 00:09:20,320 --> 00:09:24,560 commercial grade titanium plates instead of just writing them on 179 00:09:24,560 --> 00:09:27,400 paper. Don't store your generational 180 00:09:27,400 --> 00:09:30,640 wealth on paper. Papers prone to water damage, 181 00:09:30,640 --> 00:09:32,640 fire damage. You want to put your 182 00:09:32,640 --> 00:09:35,720 generational wealth on one of the strongest metals on planet 183 00:09:35,720 --> 00:09:38,560 earth, Titanium. Your words are actually stamped 184 00:09:38,560 --> 00:09:42,160 into this metal plate with this hammer and these letter stamps. 185 00:09:42,160 --> 00:09:44,720 And once your words are in, they aren't going anywhere. 186 00:09:44,760 --> 00:09:48,400 No risk of the plate breaking apart and pieces falling 187 00:09:48,400 --> 00:09:50,840 everywhere. Titanium stamp seeds will 188 00:09:50,840 --> 00:09:53,800 survive nearly triple the heat produced by a house fire. 189 00:09:53,800 --> 00:09:56,960 They're also crush proof, waterproof, non corrosive, and 190 00:09:56,960 --> 00:09:59,120 time proof. All things that paper is not 191 00:09:59,160 --> 00:10:02,360 allowing you to huddle your Bitcoin with Peace of Mind for 192 00:10:02,440 --> 00:10:04,720 the long haul. Stamp your seed. 193 00:10:04,840 --> 00:10:08,880 On stamp seed. There is 759 of you watching 194 00:10:08,880 --> 00:10:11,440 live. Plus, our rumble audience for 195 00:10:11,440 --> 00:10:13,960 some reason has not been added to restream yet. 196 00:10:13,960 --> 00:10:17,600 So plus 50 and if you guys are enjoying the show, make sure to 197 00:10:17,600 --> 00:10:20,040 smash that like button. If you guys are watching us on 198 00:10:20,040 --> 00:10:22,920 rumble that little grade thumb up, you can click it and it'll 199 00:10:22,920 --> 00:10:25,680 become a green thumb up. And of course little heart on 200 00:10:25,680 --> 00:10:27,440 Twitter. It really, really helps with the 201 00:10:27,440 --> 00:10:29,280 algos. Smash the like button if you 202 00:10:29,280 --> 00:10:31,840 guys are enjoying the show. And I made it incredibly easy 203 00:10:31,840 --> 00:10:33,800 for you guys and Opti pulled it down. 204 00:10:33,800 --> 00:10:35,960 Thank you, Optimus. Feeling sorry, I thought we were 205 00:10:35,960 --> 00:10:37,360 going back. I thought we were past. 206 00:10:37,360 --> 00:10:39,960 That and the QR code and it will take you directly to the Stamp 207 00:10:39,960 --> 00:10:43,640 Seed website where you can use promo code simply to get 15% off 208 00:10:43,640 --> 00:10:48,000 at the time of recording. The Bitcoin price is $62,130.00 209 00:10:48,000 --> 00:10:49,960 so you guys should stop the episode right now. 210 00:10:49,960 --> 00:10:54,800 Take advantage of the dip and buy the dip anyways or have fun 211 00:10:54,800 --> 00:10:58,520 staying poor at the also. SATS per dollar 1608 block 212 00:10:58,520 --> 00:11:04,560 height 835,550 blocks to having 4450 having estimate April 19th 213 00:11:04,560 --> 00:11:08,000 2024 Total lighting network capacity 4406 Bitcoin capacity 214 00:11:08,000 --> 00:11:10,720 value 274,000,000. Realized monetary inflation 215 00:11:10,720 --> 00:11:14,880 1.74% Market capitalization is 1.22 trillion U.S. dollars 216 00:11:15,080 --> 00:11:19,800 Bitcoin versus gold market cap 8.84% Bitcoin is just getting 217 00:11:19,800 --> 00:11:22,760 started. Anyways, I totally did not plan 218 00:11:22,760 --> 00:11:24,360 this. It just happened to come up on 219 00:11:24,360 --> 00:11:28,280 my feed and we have the perfect guest to kind of offer like a 220 00:11:28,280 --> 00:11:33,000 little rebuke right because Adam is the CEO of a Bitcoin on ramp, 221 00:11:33,000 --> 00:11:36,760 a Bitcoin exchange and Bitcoin only exchange. 222 00:11:36,760 --> 00:11:39,520 Better said and you know I I want to get your thoughts on 223 00:11:39,520 --> 00:11:43,920 this Adam 'cause this is very interesting coming from the Lex 224 00:11:43,920 --> 00:11:47,040 Luthor of Bitcoin or crypto or whatever. 225 00:11:47,360 --> 00:11:49,840 Anyways, let's check out what Brian Armstrong has to say. 226 00:11:50,280 --> 00:11:53,240 And also you could see in the background this is the night 227 00:11:53,240 --> 00:11:54,600 table that we were talking about. 228 00:11:54,600 --> 00:11:57,760 This desk is where all the coins are. 229 00:11:58,040 --> 00:12:00,480 You're talking so much about other use cases for crypto 230 00:12:00,480 --> 00:12:03,320 outside of even just being a store of value here as many 231 00:12:03,320 --> 00:12:06,200 people see it as they're entering this asset class, some 232 00:12:06,200 --> 00:12:08,200 for the first time. With the advent of these spot 233 00:12:08,200 --> 00:12:11,920 Bitcoin ETFs, it begs the question, how do you see the 234 00:12:11,920 --> 00:12:14,440 future of Coinbase? There are a lot of questions 235 00:12:14,440 --> 00:12:17,800 about the future of crypto exchanges in the world where 236 00:12:17,800 --> 00:12:19,840 Bitcoin ETFs have gotten so much share. 237 00:12:20,040 --> 00:12:23,400 Do you see Coinbase going far and above beyond being simply a 238 00:12:23,400 --> 00:12:25,800 crypto exchange? Yeah. 239 00:12:25,800 --> 00:12:28,360 So with the, you know, the ETFs that got approved, we've seen a 240 00:12:28,360 --> 00:12:31,520 huge influx of capital into the system, about $12 billion of 241 00:12:31,520 --> 00:12:33,720 inflow have happened. And you know some when that 242 00:12:33,720 --> 00:12:35,760 happens, sometimes people ask us well what does that mean for 243 00:12:35,760 --> 00:12:37,400 Coinbase? Well, you know it's actually 244 00:12:37,520 --> 00:12:38,920 incredibly positive for Coinbase. 245 00:12:39,320 --> 00:12:42,160 We're storing, we're the custodian for about 90% of the 246 00:12:42,160 --> 00:12:44,440 assets in those Bitcoin ETFs. And so we have monetization 247 00:12:44,440 --> 00:12:47,240 opportunities there as a custodian, but we, it didn't 248 00:12:47,240 --> 00:12:49,400 cannibalize any of the opportunity in our direct 249 00:12:49,400 --> 00:12:51,400 products to our retail app or institutional product. 250 00:12:51,840 --> 00:12:53,720 We actually saw increased inflows there. 251 00:12:53,760 --> 00:12:56,560 While the while we saw $12 billion of inflow into the ETFs. 252 00:12:56,560 --> 00:12:59,200 So the Atfs were incredibly positive for the industry. 253 00:12:59,200 --> 00:13:01,760 They were a regulatory approval, they unlocked new pools of 254 00:13:01,760 --> 00:13:04,040 capital. And Coinbase is going to be not 255 00:13:04,040 --> 00:13:06,080 just a place where you store crypto, it's a place where you 256 00:13:06,080 --> 00:13:08,480 can actually trade crypto. You can use it increasingly in 257 00:13:08,480 --> 00:13:10,000 many different applications all over the world. 258 00:13:10,000 --> 00:13:11,240 And it's not just Bitcoin either. 259 00:13:11,240 --> 00:13:13,800 You know, we support over 100 different crypto assets. 260 00:13:13,800 --> 00:13:16,600 So we want Coinbase to be the most trusted and easiest to use 261 00:13:16,640 --> 00:13:19,440 place to to store crypto, to trade it and to actually use it. 262 00:13:19,720 --> 00:13:21,560 And we can actually become people's primary financial 263 00:13:21,560 --> 00:13:24,000 account in some cases in this new crypto economy. 264 00:13:24,160 --> 00:13:27,640 Kind of like a crypto bank. Yeah, One might say that I don't 265 00:13:27,640 --> 00:13:30,080 think we're ever going to go get actually a bank license because 266 00:13:30,080 --> 00:13:32,800 banks get licenses to do fractional reserve of the 267 00:13:32,800 --> 00:13:34,400 assets. I don't really think that's the 268 00:13:34,400 --> 00:13:35,640 right path. I think it's caused all kinds of 269 00:13:35,640 --> 00:13:37,480 issues with bank failures and and that kind of thing. 270 00:13:37,480 --> 00:13:38,800 We don't want to do fractional reserve. 271 00:13:38,800 --> 00:13:41,520 We want to store 100% of customers assets or if they 272 00:13:41,520 --> 00:13:42,880 prefer they don't even have to store it with us. 273 00:13:42,880 --> 00:13:45,880 They can do self custody and you know if they choose to opt in 274 00:13:45,880 --> 00:13:48,880 their funds into some product to earn rewards or something like 275 00:13:48,880 --> 00:13:49,960 that, they can choose to do that. 276 00:13:49,960 --> 00:13:52,040 We're not going to do it on their behalf in the way the 277 00:13:52,040 --> 00:13:53,080 banks do with fraction of reserve. 278 00:13:53,080 --> 00:13:55,320 So it's a new paradigm. I think that there's a new 279 00:13:55,320 --> 00:13:57,640 generation of people who are looking at they want to see 280 00:13:57,760 --> 00:14:00,680 crypto update the financial system because you know 87% of 281 00:14:00,680 --> 00:14:02,440 Americans when you survey them, they say the current financial 282 00:14:02,440 --> 00:14:04,800 system doesn't work for them. Fractional reserve is just one 283 00:14:04,920 --> 00:14:06,280 piece of that. But if you look at you know 284 00:14:06,360 --> 00:14:08,920 credit card fees and overdraft fees and why does it, you know, 285 00:14:08,920 --> 00:14:11,520 take two or three business days to send an ACH transfer. 286 00:14:11,520 --> 00:14:13,880 And so our financial system really needs to get updated and 287 00:14:13,880 --> 00:14:15,960 that's what we think is that crypto is this most important 288 00:14:15,960 --> 00:14:17,960 technology to update the financial system globally, bring 289 00:14:17,960 --> 00:14:19,840 economic freedom and good financial infrastructure to 290 00:14:19,840 --> 00:14:21,560 people all over the world. If they just have a smartphone 291 00:14:21,560 --> 00:14:22,520 with an Internet connection, you're. 292 00:14:22,600 --> 00:14:24,000 Talking a couple things here, right? 293 00:14:24,000 --> 00:14:27,360 So which is the whole Bitcoin not crypto thing thing. 294 00:14:28,240 --> 00:14:30,600 And in the very beginning she asked him, like, you know, what 295 00:14:30,600 --> 00:14:32,000 does this mean for the future of Bitcoin? 296 00:14:32,000 --> 00:14:34,000 I mean what does this mean for the future of Coinbase. 297 00:14:34,320 --> 00:14:36,800 When I was thinking I was like the real the right question 298 00:14:36,800 --> 00:14:39,960 should be what does this mean for you know Bitcoin in the 299 00:14:40,040 --> 00:14:42,640 world future right. I think as bitcoiners I think 300 00:14:42,640 --> 00:14:45,560 that we that the way that we see it Maybe I'm wrong here. 301 00:14:45,560 --> 00:14:48,080 Maybe I'm speaking for myself is that Bitcoin is bigger than 302 00:14:48,600 --> 00:14:52,800 anyone individual, this movement of this technology, you know and 303 00:14:52,800 --> 00:14:54,880 I think that's what's gonna fundamentally change the world 304 00:14:54,880 --> 00:14:58,560 looking at it from like company standpoint, how is Coinbase 305 00:14:58,560 --> 00:15:01,400 going to change the world? I I I just, I don't think. 306 00:15:01,600 --> 00:15:05,040 I don't think it's it's going to and again one thing is what they 307 00:15:05,040 --> 00:15:07,000 say, but another thing is what they do. 308 00:15:07,240 --> 00:15:09,600 It was recently announced a couple weeks ago and it made 309 00:15:09,600 --> 00:15:13,000 quite a bit of a splash on Twitter, that Coinbase stopped 310 00:15:13,000 --> 00:15:15,960 accepting Bitcoin for a lot of their merchants. 311 00:15:16,080 --> 00:15:18,680 Right. So I mean, and talk's a big 312 00:15:18,680 --> 00:15:21,160 talk, but you know, when it comes down to it, I think it's a 313 00:15:21,160 --> 00:15:23,880 different story. And it's really interesting that 314 00:15:23,880 --> 00:15:27,880 we got to see the famous, you know, night table behind him 315 00:15:28,120 --> 00:15:31,600 where he stores everyone's Bitcoin, which is kind of funny. 316 00:15:32,120 --> 00:15:34,280 I didn't think he was going to show it on that clip. 317 00:15:34,280 --> 00:15:38,320 But Adam, what's your take on, you know, that 2-3 minute clip 318 00:15:38,320 --> 00:15:40,640 on Brian Armstrong? What are some things that you 319 00:15:40,640 --> 00:15:42,240 noticed? What are some things that you 320 00:15:42,240 --> 00:15:44,560 didn't notice? And then also another thing I 321 00:15:44,560 --> 00:15:48,400 got to say is, you know, I I'm a bigger fan of your black shirt 322 00:15:48,880 --> 00:15:51,400 than Brian's black shirt. Thank you. 323 00:15:51,640 --> 00:15:52,920 Thank you, man. I appreciate that. 324 00:15:52,920 --> 00:15:54,840 Brian is looking good. He's obviously spending some 325 00:15:54,840 --> 00:15:58,000 time in the gym, man. He's talking to both sides of 326 00:15:58,000 --> 00:16:00,920 his mouth there, isn't he, he's he's kind of saying, you know we 327 00:16:00,920 --> 00:16:04,680 have lots of new inflows in Coinbase custody which opens up 328 00:16:04,680 --> 00:16:07,960 monetization opportunities and then saying, but we're never 329 00:16:07,960 --> 00:16:09,640 going to be fractional. It's like what is the 330 00:16:09,640 --> 00:16:13,040 monetization opportunity like other than them just paying you 331 00:16:13,040 --> 00:16:17,800 a fee, which is, which is fine. But like he, it's very, very 332 00:16:17,800 --> 00:16:20,080 difficult. I think for anybody in their 333 00:16:20,080 --> 00:16:24,840 right mind to think it's a good idea to give their money to 334 00:16:25,200 --> 00:16:28,240 somebody else, to give their value that they earn with their 335 00:16:28,240 --> 00:16:30,280 time, that they spent their time. 336 00:16:30,280 --> 00:16:32,480 They could have been spending, you know, with their family, 337 00:16:32,480 --> 00:16:35,240 they could have been spending doing any number of activities, 338 00:16:35,240 --> 00:16:37,800 but instead they spent that time providing value for someone 339 00:16:37,800 --> 00:16:39,320 else. They then received that value in 340 00:16:39,320 --> 00:16:43,920 the form of money and they just hand it over to someone talking 341 00:16:43,920 --> 00:16:46,640 on what I don't know what that news channel was, CNBC or 342 00:16:46,640 --> 00:16:50,280 whatever, rather than holding that themself. 343 00:16:50,680 --> 00:16:54,040 And then he said we're not going to be a bank because we're not 344 00:16:54,040 --> 00:16:58,800 going to do fractional reserve unless they opt in, which is 345 00:16:59,040 --> 00:17:01,760 which is incredibly bad. So now we've got the 346 00:17:01,760 --> 00:17:06,000 opportunity, we've got the FOMO, we've got the scam promotion. 347 00:17:06,200 --> 00:17:09,960 This is the reason we need more automatic self custody platforms 348 00:17:09,960 --> 00:17:14,359 because there should never be an opt in to get rid of your value. 349 00:17:14,359 --> 00:17:18,359 We don't have vending machines where you can opt in to heroin 350 00:17:18,440 --> 00:17:21,400 because we know heroin is bad. We don't have vending machines 351 00:17:21,560 --> 00:17:25,160 where you can opt in to murder because we know murder is bad. 352 00:17:25,280 --> 00:17:28,840 Why do we have platforms where you can opt in to literally 353 00:17:28,840 --> 00:17:32,880 giving up the value you produce with your time and and throwing 354 00:17:32,880 --> 00:17:38,080 it into some bucket? For like 8% APY like dog, your 355 00:17:38,080 --> 00:17:42,400 Bitcoin is better than 8% APYI don't care if it's 100 percent, 356 00:17:42,400 --> 00:17:47,560 205 hundred 801,000% APY. The risk is not worth it because 357 00:17:47,560 --> 00:17:52,600 the opportunity cost is so great and you having getting rid of 358 00:17:52,880 --> 00:17:56,680 your value in that way for this Fiat mindset. 359 00:17:57,000 --> 00:18:01,080 This is the problem with crypto and This is why it's Bitcoin and 360 00:18:01,080 --> 00:18:03,400 not crypto. So I think this is spot on for 361 00:18:03,400 --> 00:18:06,600 Coinbase. Coinbase is obviously a crypto 362 00:18:06,760 --> 00:18:09,320 company. They are not a Bitcoin company. 363 00:18:09,320 --> 00:18:11,800 I mean, you just said it. They took away the ability for 364 00:18:11,800 --> 00:18:15,480 merchants to take Bitcoin, but if you ask them, they will say 365 00:18:15,480 --> 00:18:17,680 they allow their merchants to accept Bitcoin. 366 00:18:17,920 --> 00:18:21,400 They're like, oh, Bitcoin, hard on chain fees, bad. 367 00:18:21,600 --> 00:18:24,600 We need to make it fake. That's fractional guys. 368 00:18:24,600 --> 00:18:26,560 That's how it works. That's how it starts. 369 00:18:26,760 --> 00:18:30,720 That's how the 61O2 starts. We pretend like Bitcoin isn't 370 00:18:30,720 --> 00:18:32,560 working. We pretend like there aren't 371 00:18:32,560 --> 00:18:36,560 opportunities to just invest and grow and build down the pipe. 372 00:18:37,120 --> 00:18:38,800 And then we take everyone's Bitcoin. 373 00:18:38,800 --> 00:18:41,960 We make them use fake Bitcoin. Like, does this sound familiar? 374 00:18:42,200 --> 00:18:44,200 Does this sound like the Fiat currency? 375 00:18:44,200 --> 00:18:46,880 Does this sound like taking everyone's gold and then 376 00:18:46,880 --> 00:18:50,720 removing money from the relationship with gold and then 377 00:18:50,720 --> 00:18:53,240 just printing and printing and printing trillions of dollars? 378 00:18:53,240 --> 00:18:56,520 Like, guys, we have seen this movie before. 379 00:18:56,640 --> 00:18:59,480 We have seen this script, and it's right here. 380 00:18:59,480 --> 00:19:02,680 Like, come on, let's be better. Amen. 381 00:19:02,680 --> 00:19:06,040 Let's be better. I completely agree and you got 382 00:19:06,040 --> 00:19:09,080 and I saw Thomas, shame on you man, you should be using Bitcoin 383 00:19:09,080 --> 00:19:11,880 well by now, he says. Coinbase stopped working 384 00:19:11,880 --> 00:19:13,720 yesterday. I had to wait 11 hours for my 385 00:19:13,720 --> 00:19:15,840 Bitcoin to get sent to the blockchain. 386 00:19:16,040 --> 00:19:20,240 No, that's like, I think that's down to 33 seconds at 387 00:19:20,240 --> 00:19:24,560 bitcoinwell.com now. So you you, you hit by and then 388 00:19:24,560 --> 00:19:27,200 we've got a bunch of scrambly numbers and it says preparing 389 00:19:27,200 --> 00:19:32,680 your TX ID and then like within 33 seconds that money is is on 390 00:19:32,680 --> 00:19:34,040 the blockchain. Real Bitcoin. 391 00:19:34,040 --> 00:19:35,960 Like, not wrapped Bitcoin, not like Bitcoin. 392 00:19:35,960 --> 00:19:38,840 You can only spend inside the Coinbase ecosystem like real 393 00:19:38,840 --> 00:19:42,360 Bitcoin that you can just spend anywhere on the blockchain. 33 394 00:19:42,360 --> 00:19:43,840 seconds. I got, I got I got AI. 395 00:19:43,840 --> 00:19:45,800 Got an idea for you Adam. What if? 396 00:19:46,160 --> 00:19:49,920 What if you came up with bitcoinwell.com/drop, Coinbase 397 00:19:50,320 --> 00:19:54,480 and special special giveaway? Potentially. 398 00:19:54,480 --> 00:19:57,800 Maybe just thinking out loud. Just thinking out loud. 399 00:19:57,840 --> 00:20:01,920 Anyways, I did see another another comment and from 400 00:20:01,920 --> 00:20:05,640 lightning goats Lightning goat says never trust a a guy without 401 00:20:05,640 --> 00:20:08,360 a beard with your corn. I completely agree. 402 00:20:08,640 --> 00:20:11,600 I would be extremely skeptical of Opti also. 403 00:20:11,920 --> 00:20:13,600 Well, hey. I've been telling you guys for a 404 00:20:13,600 --> 00:20:16,040 while, never trust me with your corn at all. 405 00:20:16,040 --> 00:20:18,360 But I will take all of your corn. 406 00:20:18,360 --> 00:20:21,520 All of your Bitcoin is mine. I'll give me one Bitcoin. 407 00:20:21,520 --> 00:20:23,160 I'll give you 2. You already know the deal. 408 00:20:24,520 --> 00:20:25,360 No. Fractional. 409 00:20:26,400 --> 00:20:26,680 Yeah. No. 410 00:20:26,720 --> 00:20:27,960 Fractional. No, man. 411 00:20:29,040 --> 00:20:31,440 OK, so it seems like the chat is not a big fan. 412 00:20:31,440 --> 00:20:33,760 Oh, we got our, we got our boy Stamp seed. 413 00:20:33,760 --> 00:20:37,120 In the chat, Brian Armstrong stored the seed words in notes. 414 00:20:38,120 --> 00:20:40,280 That is absolutely. Hilarious on the cloud. 415 00:20:41,600 --> 00:20:43,720 Those seeds in his in his night drawer. 416 00:20:44,200 --> 00:20:46,720 Those are on paper. They're not on titanium only. 417 00:20:46,720 --> 00:20:49,280 Only bit corners store their seed on titanium. 418 00:20:49,560 --> 00:20:51,360 But that's obvious, right? That's obvious. 419 00:20:52,160 --> 00:20:54,800 Metal's bad for the environment. I wouldn't want to waste. 420 00:20:55,400 --> 00:20:56,880 I wouldn't want to make good metal. 421 00:20:56,880 --> 00:21:00,520 That's that's just bad for our What's the scam du jour? 422 00:21:00,560 --> 00:21:02,840 It's no longer the ozone layer. I'm I'm sure there's other 423 00:21:02,840 --> 00:21:04,200 things that. Climate change now? 424 00:21:04,400 --> 00:21:06,240 Right, right, right. That's bad for the weather. 425 00:21:06,240 --> 00:21:08,200 This is this. This is not good. 426 00:21:08,200 --> 00:21:09,760 How? How dare these bitcoiners take 427 00:21:09,760 --> 00:21:12,440 up metal to protect their generational value? 428 00:21:13,880 --> 00:21:18,200 Oh man, UT Excel says Opti is going to run for president when 429 00:21:18,200 --> 00:21:22,160 at six 102, all Bitcoin. Your Bitcoin is mine. 430 00:21:22,480 --> 00:21:26,040 Our boy says you could hide the corn in your beard. 431 00:21:27,480 --> 00:21:29,640 It's true man. One of my beard hairs are fake 432 00:21:29,640 --> 00:21:33,480 and it's a little rolled up. Micro print seed words in there. 433 00:21:34,240 --> 00:21:37,760 That's the best off SEC in the world now now. 434 00:21:37,760 --> 00:21:39,360 But see what Nico just did there is now. 435 00:21:39,360 --> 00:21:42,200 If you see Nico's Beard hair on on on eBay, you should 436 00:21:42,200 --> 00:21:44,680 definitely bid on it. Gross. 437 00:21:45,160 --> 00:21:50,120 That's gross Opti. What's your take on the Lex 438 00:21:50,120 --> 00:21:53,240 Luther, Lex Luther of crypto of of shit coins? 439 00:21:53,480 --> 00:21:58,120 Yeah, well, I mean, you know, the first part of him saying 440 00:21:58,120 --> 00:22:00,600 like oh you know, Coin Base never wants to be a bank. 441 00:22:00,600 --> 00:22:04,000 Like they're already kind of a de facto bank as far as like the 442 00:22:04,000 --> 00:22:08,240 crypto eco space. And of course, you know, they 443 00:22:08,240 --> 00:22:11,440 are, quote, UN quote, custodying all of the ETF Bitcoin. 444 00:22:11,840 --> 00:22:14,320 And then he kind of goes into, like Adam was saying, you know, 445 00:22:14,320 --> 00:22:17,520 the idea of like, oh, we don't want to fractional reserve your 446 00:22:17,520 --> 00:22:21,240 Bitcoin unless you opt into it. So it's very interesting that 447 00:22:21,240 --> 00:22:24,200 he's saying like, Oh yeah, we don't want to fractional reserve 448 00:22:24,200 --> 00:22:26,440 your Bitcoin. But then again, maybe you might 449 00:22:26,440 --> 00:22:30,120 want to fractional reserve your Bitcoin and, you know, shouts 450 00:22:30,120 --> 00:22:32,400 out to lightning goats. He's been putting in the chat. 451 00:22:32,400 --> 00:22:33,920 Some good signal. He's like friends don't let 452 00:22:33,920 --> 00:22:38,040 friends use Coinbase. You know, Coinbase is for better 453 00:22:38,040 --> 00:22:42,120 or worse basically you know, they have the the mind share of 454 00:22:42,120 --> 00:22:44,920 the newbies coming into Bitcoin. And This is why I think this 455 00:22:44,920 --> 00:22:47,400 cycle is going to be different is because there's a lot of 456 00:22:47,400 --> 00:22:49,360 awesome Bitcoin only companies now. 457 00:22:49,360 --> 00:22:52,360 There's a lot of Bitcoin only media out there and hopefully we 458 00:22:52,360 --> 00:22:56,160 can get people to go to like Bitcoin well and avoid Coinbase 459 00:22:56,160 --> 00:23:01,680 and avoid getting psyop into the the shit Coinery out there. 460 00:23:01,680 --> 00:23:05,440 And so, like, you know, the fact that Brian Armstrong can't even 461 00:23:05,440 --> 00:23:08,440 say Bitcoin over crypto. It's very interesting. 462 00:23:08,440 --> 00:23:12,120 It's a long track record of him not being able to say Bitcoin 463 00:23:12,120 --> 00:23:15,240 and always saying crypto, except for when it comes to like 464 00:23:15,240 --> 00:23:17,840 Bitcoin being bad. You know, whenever, whenever 465 00:23:17,840 --> 00:23:22,080 there's a bad take on Bitcoin or the crypto ecosystem at large, 466 00:23:22,080 --> 00:23:24,720 he always says Bitcoin. But when he's talking about the 467 00:23:24,800 --> 00:23:28,400 ecosystem in a positive light, he will always say crypto. 468 00:23:28,680 --> 00:23:32,360 And I know, you know, on a normie level, I understand 469 00:23:32,360 --> 00:23:34,240 people can confuse Bitcoin and crypto. 470 00:23:34,240 --> 00:23:36,680 Obviously it's Bitcoin, not crypto, but I mean, Brian 471 00:23:36,680 --> 00:23:40,160 Armstrong's been in the game for so long and you know, what do we 472 00:23:40,160 --> 00:23:43,320 always say on the show? Show me the incentive and I'll 473 00:23:43,320 --> 00:23:45,960 show you the behavior. And obviously he's incentivized 474 00:23:45,960 --> 00:23:50,120 to keep pushing crypto out there to the masses because his whole 475 00:23:50,120 --> 00:23:52,920 business model has been built on shit coins. 476 00:23:52,920 --> 00:23:55,720 And so, I mean, it's very interesting that he said one 477 00:23:55,720 --> 00:23:59,320 thing and then he might possibly be doing the complete opposite 478 00:23:59,320 --> 00:24:01,080 on the back end. None of us really know what 479 00:24:01,080 --> 00:24:03,680 Brian Armstrong's doing back. There, I just wanted to do what 480 00:24:03,680 --> 00:24:06,200 he was doing, bro. He's putting it on and night 481 00:24:06,200 --> 00:24:10,000 table on paper, bro. On recycled paper, man. 482 00:24:10,000 --> 00:24:12,360 That's what he's doing. Yeah, yeah, definitely, 483 00:24:12,760 --> 00:24:15,840 definitely recycled. Only organic paper. 484 00:24:16,160 --> 00:24:19,920 Obviously, that's obviously what he's doing anyways. 485 00:24:20,040 --> 00:24:24,360 Just real quick on your on your note there I just quickly DM Ed 486 00:24:24,360 --> 00:24:27,480 the team when I was off. If you sign up for Bitcoin, well 487 00:24:27,880 --> 00:24:30,800 with the ref code drop Coinbase it's not ready yet. 488 00:24:30,800 --> 00:24:35,520 Give it like give it all all update then we'll add we'll add 489 00:24:35,520 --> 00:24:37,800 500 points to that account. You can go enter the Bitcoin. 490 00:24:37,800 --> 00:24:42,200 Jackbox and. Let's let's let's rip it and 491 00:24:42,200 --> 00:24:44,440 then just DM me on Twitter. If you already have an account, 492 00:24:44,440 --> 00:24:47,880 then you deserve points. And so we'll also just like DME, 493 00:24:48,120 --> 00:24:51,840 drop Coinbase or or follow me and and quote tweet me, whatever 494 00:24:51,840 --> 00:24:55,760 and we'll figure that out. Sweet Opti, could you put Adam's 495 00:24:55,760 --> 00:24:59,960 name handle on screen? And yeah, boys drop, don't drop 496 00:25:00,360 --> 00:25:00,840 yet. Not ready. 497 00:25:01,160 --> 00:25:04,200 Yet you'll be ready. For custody Self custody by 498 00:25:04,240 --> 00:25:07,440 default, let's go at bitcoinwell.com All right 499 00:25:07,440 --> 00:25:10,680 everybody, if you want to give a shout out to our merch, we 500 00:25:10,680 --> 00:25:12,840 teamed up with a Bitcoin artist named Opti. 501 00:25:14,120 --> 00:25:15,360 Awesome, Ella. Thank you. 502 00:25:16,240 --> 00:25:18,720 And we got different merch. We got the Peaceful Bitcoin 503 00:25:18,720 --> 00:25:23,680 Revolution Gold tee, We got the Gold Pill shirt. 504 00:25:23,680 --> 00:25:25,760 We got the Gold Bitcoin snapback. 505 00:25:25,760 --> 00:25:29,080 We got the Gold Bitcoin Dad hat. We got the woman's Peaceful 506 00:25:29,080 --> 00:25:31,360 Revolution tank. And we got the woman's Bitcoin 507 00:25:31,360 --> 00:25:32,800 pill tank. So get yours. 508 00:25:32,800 --> 00:25:34,920 While supplies last. It is flying off the shelves. 509 00:25:34,920 --> 00:25:36,680 We appreciate you all for supporting the show. 510 00:25:36,960 --> 00:25:38,760 All right, everybody, let's get to the news. 511 00:25:38,760 --> 00:25:39,800 We have a lot to talk about today. 512 00:25:39,800 --> 00:25:40,720 Let's check it out. Here we go. 513 00:25:43,400 --> 00:25:47,400 The Daily News. I want to give a shout out to 514 00:25:47,400 --> 00:25:51,800 our sponsor, Foundation Devices. It's self custody done right. 515 00:25:51,840 --> 00:25:55,400 They built a premium grade hardware wallet called Passport 516 00:25:55,600 --> 00:25:58,480 right here in the US. It's fully open source and 517 00:25:58,480 --> 00:26:01,160 verifiable. It's the most intuitive Bitcoin 518 00:26:01,160 --> 00:26:05,040 wallet designed with the UX, reminiscent of a simple feature 519 00:26:05,040 --> 00:26:07,880 phone, so you will know how to navigate it and use it the 520 00:26:07,880 --> 00:26:11,160 moment you pick it up. Get your Bitcoin off exchanges 521 00:26:11,160 --> 00:26:13,880 and into your into your own hands in just a few minutes, 522 00:26:13,920 --> 00:26:16,920 experience the Peace of Mind that comes with taking ownership 523 00:26:16,960 --> 00:26:19,920 of your own keys. After a massive sellout during 524 00:26:19,920 --> 00:26:23,960 Bitcoin Miami 2023, the Passport is back in stock at 525 00:26:23,960 --> 00:26:27,640 foundationdevices.com. Bitcoin only, open source, 526 00:26:27,640 --> 00:26:31,600 verifiable completely air gap security model, gorgeous design, 527 00:26:31,600 --> 00:26:34,920 craft premium grade materials. If you're thinking about getting 528 00:26:34,920 --> 00:26:37,800 your Bitcoin off exchanges, this is the one for you. 529 00:26:38,000 --> 00:26:41,200 Check out the passport link in the show notes below to learn 530 00:26:41,200 --> 00:26:43,600 more. All right, ladies and gentlemen, 531 00:26:43,600 --> 00:26:48,080 get yourself what Brian Armstrong is using for cold 532 00:26:48,080 --> 00:26:51,360 storage for all the ETFs. Get yourself a Passport. 533 00:26:51,360 --> 00:26:53,960 Buy Foundation Devices hardware wallet. 534 00:26:54,440 --> 00:26:56,560 Get on that cold storage standard. 535 00:26:57,200 --> 00:26:59,200 Oh, man, just kidding. It's a bad joke. 536 00:26:59,200 --> 00:27:01,240 I'm a dad now, so I have the bad dad jokes. 537 00:27:01,280 --> 00:27:04,000 Anyways, scan the QR code and it'll take you directly to 538 00:27:04,000 --> 00:27:08,520 Foundation Devices website. OK, ladies and gentlemen, quick 539 00:27:08,520 --> 00:27:11,440 ETF update. We guys, we you guys know the 540 00:27:11,440 --> 00:27:13,600 deal. We update you guys on the ETFs 541 00:27:13,600 --> 00:27:16,280 every single day. Specifically, the battle between 542 00:27:16,280 --> 00:27:19,080 MicroStrategy in the ETFs. Grayscale. 543 00:27:19,080 --> 00:27:25,200 Holy Cow continues to gobble up all the corn, 238,000 Bitcoin 544 00:27:25,440 --> 00:27:32,000 and Fidelity at 135 and MicroStrategy with 214,000 545 00:27:32,000 --> 00:27:34,680 Bitcoin. So yeah, I mean you know, these 546 00:27:34,680 --> 00:27:37,320 ETFs, these public companies and I'm sure more public companies 547 00:27:37,320 --> 00:27:39,520 are going to be joining MicroStrategy very, very soon. 548 00:27:40,240 --> 00:27:42,200 You know, continue to gobble up all the corn. 549 00:27:42,400 --> 00:27:46,560 But I just got to remind everyone, right you guys, if you 550 00:27:46,560 --> 00:27:52,320 stacked Bitcoin before January 9th, 2024, you front run Wall 551 00:27:52,320 --> 00:27:53,520 Street. Those are good for you. 552 00:27:53,520 --> 00:27:56,400 Pat yourself on the back, but keep your head in the game, 553 00:27:56,480 --> 00:27:58,680 right? There's no such thing as having 554 00:27:58,680 --> 00:28:01,000 too much Bitcoin. That is literally impossible. 555 00:28:01,320 --> 00:28:04,520 Anyways, I do want to cover today's article because I think 556 00:28:04,520 --> 00:28:06,320 it would make a great conversation. 557 00:28:06,600 --> 00:28:09,360 And for audio listeners, the name of the article is Bitcoin 558 00:28:09,360 --> 00:28:12,840 is Trumping dollars for many inflation wary Argentines. 559 00:28:13,560 --> 00:28:17,160 It's an article by Ignacio Dole. It's a Bloomberg article goes on 560 00:28:17,160 --> 00:28:19,320 to say Argentines are buying Bitcoin to protect themselves 561 00:28:19,320 --> 00:28:24,400 from 276% inflation instead of rushing to exchange pesos for 562 00:28:24,400 --> 00:28:28,520 dollars, upending A timeless strategy that's made the crisis 563 00:28:28,520 --> 00:28:31,360 prone country one of the top places for greenbacks in the 564 00:28:31,360 --> 00:28:34,120 world. Bitcoin purchases in Argentina, 565 00:28:34,120 --> 00:28:37,200 one of the nations with the highest level of cryptocurrency 566 00:28:37,200 --> 00:28:40,600 adoption globally, approach their highest level, highest 567 00:28:40,600 --> 00:28:44,400 weekly value in 20 months at a local cryptocurrency exchange, 568 00:28:44,640 --> 00:28:48,080 Lemon, the most popular among retail customers in the South 569 00:28:48,080 --> 00:28:50,280 American country. Now how much does that have to 570 00:28:50,280 --> 00:28:53,080 do with the Elon Musk and Don Lemon interview? 571 00:28:53,080 --> 00:28:56,160 I don't know, maybe they are related, but that is surely a 572 00:28:56,160 --> 00:28:58,920 huge coincidence. Anyways goes on to say 573 00:28:58,920 --> 00:29:02,160 Argentines are looking for ways to survive a recession and one 574 00:29:02,160 --> 00:29:05,200 of the world's highest inflation rates as President Javier Mali 575 00:29:05,200 --> 00:29:08,680 implements his shock therapy policies intend to reset the 576 00:29:08,680 --> 00:29:11,200 economy. Exchange pesos for dollars, the 577 00:29:11,200 --> 00:29:14,760 main safe haven for decades, has lost some of its appeal in the 578 00:29:14,760 --> 00:29:18,400 past two months as the commonly used parallel exchange rate has 579 00:29:18,400 --> 00:29:21,640 strengthened 10% against the dollar while Bitcoin has rallied 580 00:29:21,760 --> 00:29:24,080 almost 60% against the greenback. 581 00:29:24,080 --> 00:29:28,360 Over the the same period. Lemon recorded almost 35,000 582 00:29:28,360 --> 00:29:31,200 customer transactions to buy Bitcoin in the week ending March 583 00:29:31,200 --> 00:29:33,560 10th doubled the weekly average last year. 584 00:29:33,960 --> 00:29:37,080 The the behavior was similar to that of customers of other major 585 00:29:37,080 --> 00:29:40,040 exchanges in Argentina such as Repo and Bellow. 586 00:29:40,320 --> 00:29:43,520 A major driver behind the strong peso in recent weeks as Malays 587 00:29:43,520 --> 00:29:47,560 tight grip of of the amount of money in circulation, not 588 00:29:47,560 --> 00:29:50,200 letting it grow while the central bank rebuilds its 589 00:29:50,200 --> 00:29:53,760 stockpile of cash dollars volume and Bitcoin and shit coin have 590 00:29:53,760 --> 00:29:58,480 increased tenfold so far in 2024 compared to the same period last 591 00:29:58,480 --> 00:30:01,480 year. At Digital Wallabello CEO Manuel 592 00:30:01,880 --> 00:30:03,840 Bertwat said in a phone interview. 593 00:30:04,160 --> 00:30:07,480 He noted that purchases stable coins crypto assets often tied 594 00:30:07,480 --> 00:30:12,080 to currencies like the US dollar have fallen to 60 from 70% over 595 00:30:12,080 --> 00:30:15,360 that period as bitcoins rally lured in more buyers. 596 00:30:15,520 --> 00:30:18,760 I love number go up technology. It's it's just it's such a great 597 00:30:18,760 --> 00:30:21,720 technology. It is like it just convinces 598 00:30:21,720 --> 00:30:24,640 people doesn't matter where you are, doesn't matter how hard 599 00:30:24,640 --> 00:30:27,520 buttoned you are. Eventually everyone bows down to 600 00:30:27,520 --> 00:30:29,520 the king. It seems like this is no 601 00:30:29,520 --> 00:30:31,160 different. Anyways it goes on to say quote 602 00:30:31,400 --> 00:30:34,400 the users decide to buy Bitcoin when they see the news that the 603 00:30:34,400 --> 00:30:36,880 currency is going up. While stablecoin is more 604 00:30:36,880 --> 00:30:40,520 pragmatic and many times used for transactional purposes as a 605 00:30:40,520 --> 00:30:44,120 vehicle to make payments abroad. I mean the and like that's such 606 00:30:44,120 --> 00:30:50,480 a like, you know, that's such a like that's an education 607 00:30:50,480 --> 00:30:52,200 problem. Like that's an education 608 00:30:52,200 --> 00:30:54,920 problem. Like, I don't know about you 609 00:30:54,920 --> 00:30:59,440 guys, but using Bitcoin for transactions globally is 100 610 00:30:59,440 --> 00:31:03,040 times easier than anything else like like full stop And then 611 00:31:03,040 --> 00:31:05,680 also a couple things about stablecoins before I finish the 612 00:31:05,680 --> 00:31:09,240 article is that stablecoins give you a false sense of financial 613 00:31:09,240 --> 00:31:11,160 sovereignty. You can freeze a stablecoin. 614 00:31:11,160 --> 00:31:14,400 Like you can freeze an address to a stablecoin and not to 615 00:31:14,400 --> 00:31:16,720 mention like it. Like if you're already going 616 00:31:16,720 --> 00:31:20,200 through the those hoops right? To take a sable coin into self 617 00:31:20,200 --> 00:31:21,560 custody. But I bet you the vast majority 618 00:31:21,560 --> 00:31:23,160 of people are not and they're leaving on exchange. 619 00:31:23,600 --> 00:31:25,240 Like why not do the same for Bitcoin? 620 00:31:25,600 --> 00:31:26,800 Right? Exactly. 621 00:31:26,800 --> 00:31:30,360 Someone put in the chart in the chat hard Hoddle said no excuse 622 00:31:30,360 --> 00:31:31,960 for permission. Permissionless money. 623 00:31:31,960 --> 00:31:35,760 Yeah, I mean I completely agree. Anyways, the article goes on to 624 00:31:35,760 --> 00:31:40,440 say thank you, Opti Argentina is one of the top two countries in 625 00:31:40,440 --> 00:31:43,120 the world, along with Russia, for shipments of U.S. dollar 626 00:31:43,120 --> 00:31:45,440 banknotes. According to a 2012 Federal 627 00:31:45,440 --> 00:31:48,120 Reserve paper, the New York Federal Reserve Press office 628 00:31:48,120 --> 00:31:49,800 declined to provide more recent data. 629 00:31:49,960 --> 00:31:53,800 Savers in the South American nation hold some $200 billion in 630 00:31:53,880 --> 00:31:56,800 US currency, a figure only surpassed by the United States 631 00:31:56,800 --> 00:31:58,840 and Russia. Amid the Bitcoin rally, 632 00:31:58,840 --> 00:32:01,760 Argentines are now shedding some of their dollar savings and 633 00:32:01,760 --> 00:32:04,320 initiating investment options that allow them, for the first 634 00:32:04,320 --> 00:32:06,280 time in years, to save themselves from inflation. 635 00:32:06,520 --> 00:32:10,000 Subsequently, there was a fivefold jump in reports of 636 00:32:10,000 --> 00:32:11,760 cryptocurrency scams in February. 637 00:32:11,920 --> 00:32:15,320 According to Bitcoin Argentina, the country's main non 638 00:32:15,320 --> 00:32:18,480 governmental organization in the sector quote, Argentine's 639 00:32:18,960 --> 00:32:21,880 desperation to make it to the end of the month and not lose 640 00:32:21,880 --> 00:32:24,800 their savings leads them to make hasty decisions without 641 00:32:24,800 --> 00:32:27,760 measuring the risks, transforming them into easy prey 642 00:32:27,920 --> 00:32:30,400 for scammers. All right, a lot to unpack 643 00:32:30,400 --> 00:32:31,760 there. But I got to say the part where 644 00:32:31,760 --> 00:32:35,360 I was just disappointed the most, I mean, look, this is 645 00:32:35,360 --> 00:32:36,600 great. This is a step in the right 646 00:32:36,600 --> 00:32:38,640 direction. Clearly, I think it has to do 647 00:32:38,640 --> 00:32:40,920 with the rally. You know, that's what it says 648 00:32:40,920 --> 00:32:43,360 that people, you know, people just tend to buy in when the 649 00:32:43,360 --> 00:32:45,720 price of Bitcoin is pumping, Everyone's just like, Oh my God, 650 00:32:45,960 --> 00:32:48,200 I got to buy. Now let's ignore the thing when 651 00:32:48,200 --> 00:32:50,360 it was over $1000 for many years. 652 00:32:50,720 --> 00:32:52,920 You know, let's, let's just jump in now, I guess, right. 653 00:32:53,080 --> 00:32:54,800 It's funny how the human brain works, right? 654 00:32:55,000 --> 00:32:57,840 Anyways, it goes on to say stablecoin is more pragmatic and 655 00:32:57,840 --> 00:33:00,640 many times used for transactional purposes as a 656 00:33:00,640 --> 00:33:03,400 vehicle to make payments abroad. I mean, I'll pass that on to 657 00:33:03,400 --> 00:33:06,080 you, Adam. Like, I think Bitcoin is the by 658 00:33:06,080 --> 00:33:09,320 far the easiest thing to transact with. 659 00:33:09,880 --> 00:33:12,960 People globally like it, you know, you know, you can trust it 660 00:33:13,720 --> 00:33:15,520 after one. I know you should wait three 661 00:33:15,520 --> 00:33:18,280 confirmation, but after one confirmation like that thing 662 00:33:18,280 --> 00:33:22,600 ain't going back right? And like especially like 663 00:33:22,600 --> 00:33:25,960 traveling abroad it is way easier because all of us should 664 00:33:25,960 --> 00:33:27,880 already have Bitcoin and self custody. 665 00:33:28,080 --> 00:33:30,240 You don't have to change from currency to currency. 666 00:33:30,240 --> 00:33:33,160 When I was in Costa Rica at the Freedom Festival there, which 667 00:33:33,160 --> 00:33:35,360 was awesome and if they do it again, I highly recommend 668 00:33:35,360 --> 00:33:38,840 everybody come to Costa Rica and check out the Freedom Festival. 669 00:33:38,840 --> 00:33:42,680 I didn't have to do anything like I just they grabbed my 670 00:33:42,680 --> 00:33:46,960 phone and I had my like my Bitcoin wallet and my lightning 671 00:33:46,960 --> 00:33:48,920 wallet on my phone and it was all good. 672 00:33:49,400 --> 00:33:53,360 And then I didn't have to like mess around with whatever I 673 00:33:53,360 --> 00:33:57,920 guess I did in like I did for driving in on on on the toll 674 00:33:57,920 --> 00:33:59,680 roads. I think the toll roads and the 675 00:33:59,680 --> 00:34:02,080 Starbucks were the only places that I had to spend. 676 00:34:02,400 --> 00:34:06,480 I spent USD and not the local currency and I think that's 677 00:34:06,520 --> 00:34:10,360 that's a testament to how bad money remittance is. 678 00:34:10,400 --> 00:34:14,320 Everyone just kind of uses USD. I mean, look at even Argentines 679 00:34:14,320 --> 00:34:18,840 that actually made me think too of this funny world where the US 680 00:34:18,840 --> 00:34:22,120 dollar now has less business because of Bitcoin. 681 00:34:22,120 --> 00:34:25,760 Like Bitcoin is just literally a competitor for the US dollar, 682 00:34:25,760 --> 00:34:28,199 which I think is hilarious. But yeah, if you're spending 683 00:34:28,199 --> 00:34:33,159 Bitcoin, it is a lot less work, a lot safer, and requires a lot 684 00:34:33,159 --> 00:34:37,040 less trust to to use Bitcoin rather than swapping your 685 00:34:37,040 --> 00:34:42,280 Bitcoin into local Fiat or into a like whatever stable coin du 686 00:34:42,280 --> 00:34:44,760 jour is. Not to mention like we all know 687 00:34:44,760 --> 00:34:47,679 what the C in USDC stands for, right? 688 00:34:48,120 --> 00:34:52,120 It's like C is for Coinbase, that is Coinbase's stable coins. 689 00:34:52,120 --> 00:34:55,880 That's where the money sits. You know, our buddy didn't say 690 00:34:55,880 --> 00:34:59,280 that he wasn't fractionally reserving the C in USDC, 691 00:34:59,360 --> 00:35:01,120 although I think that is a bit tighter and more regulated. 692 00:35:01,120 --> 00:35:03,080 So I won't like, you know, I'm not going to come on here and 693 00:35:03,080 --> 00:35:04,280 spread FUD, although I kind of just did. 694 00:35:04,280 --> 00:35:08,400 But I think at the end of the day, we have to realize that 695 00:35:08,920 --> 00:35:12,000 stable coins, just because it's on a blockchain doesn't mean 696 00:35:12,000 --> 00:35:15,560 that it's truly decentralized like what the Bitcoin blockchain 697 00:35:15,560 --> 00:35:19,120 is. The original perfect blockchain 698 00:35:19,440 --> 00:35:21,800 is decentralized. It is trustless. 699 00:35:21,800 --> 00:35:26,320 It is not required to. You can audit it, Look at that 700 00:35:26,320 --> 00:35:28,560 thumbs up, you can audit it, but. 701 00:35:28,560 --> 00:35:30,360 And that's what makes it awesome. 702 00:35:30,520 --> 00:35:33,480 But you don't need to in order to transact on it. 703 00:35:34,280 --> 00:35:37,760 Every other blockchain is just somebody else's database. 704 00:35:37,760 --> 00:35:42,000 It is not decentralized and we are not able in most blockchains 705 00:35:42,000 --> 00:35:45,160 cases to audit it. And so why is your money better 706 00:35:45,160 --> 00:35:48,480 there compared to like in the Fiat system? 707 00:35:48,560 --> 00:35:52,680 It's exposed to Fiat inflation, it's exposed to worse because 708 00:35:52,680 --> 00:35:56,280 you can't undo transactions in in in most cases on the 709 00:35:56,280 --> 00:35:59,000 blockchain, at least with the bank, when the bank screws up, 710 00:35:59,360 --> 00:36:02,600 they for the most part undo that screw up and they give you your 711 00:36:02,600 --> 00:36:04,720 money back. What happens if Ethereum screws 712 00:36:04,720 --> 00:36:06,560 up? What happens if Solana screws 713 00:36:06,560 --> 00:36:08,200 up? Are they going to actually 714 00:36:08,200 --> 00:36:10,360 reverse that transaction and give you that money back? 715 00:36:10,360 --> 00:36:14,320 Probably not. Like it is just the worst of the 716 00:36:14,320 --> 00:36:17,760 worst. And yeah, there are certain 717 00:36:17,760 --> 00:36:21,600 niche use cases where sending a stable coin like if the other 718 00:36:21,600 --> 00:36:24,160 side, you know really doesn't want any volatility or there's 719 00:36:24,160 --> 00:36:26,920 going to be like there are certain use cases to exist 720 00:36:26,920 --> 00:36:30,840 there. In my opinion, the use case is 721 00:36:30,840 --> 00:36:34,800 way, way, way way less than how much stable coins are actually 722 00:36:34,800 --> 00:36:37,640 used. Stable coins. 723 00:36:37,760 --> 00:36:41,680 They incentivized high time preference day trading, and I 724 00:36:41,680 --> 00:36:44,480 personally don't see them as being useful. 725 00:36:44,480 --> 00:36:49,560 I do see spending Bitcoin as the future and that's where it's 726 00:36:49,560 --> 00:36:50,360 going to be. Like why? 727 00:36:50,680 --> 00:36:54,600 Why go through the hoops like just, you know, create value, 728 00:36:54,840 --> 00:36:58,240 sell the value, store the value, spend the value. 729 00:36:58,680 --> 00:37:01,200 That's it. Like why make it more complex 730 00:37:01,200 --> 00:37:01,880 than that? It doesn't. 731 00:37:01,880 --> 00:37:04,400 It doesn't need to be more complex than that. 100 percent, 732 00:37:04,480 --> 00:37:07,840 100% Don't. It's it's so simple. 733 00:37:08,040 --> 00:37:10,000 It's it. People make it complicated. 734 00:37:10,240 --> 00:37:13,000 That was my dad joke, by the way, for the Super chat Thomas 735 00:37:13,000 --> 00:37:13,880 hair. I appreciate it. 736 00:37:13,880 --> 00:37:16,000 We want more dad jokes. There's your dad joke. 737 00:37:17,160 --> 00:37:19,640 Yeah. I mean, beautifully said. 738 00:37:19,680 --> 00:37:21,880 I'm. I'm becoming a fan of Adam's 739 00:37:21,880 --> 00:37:24,360 monologues, man. We'll have, we'll have 740 00:37:24,360 --> 00:37:25,720 something. Kind of ranty today. 741 00:37:26,760 --> 00:37:28,680 We'll have something for you guys soon. 742 00:37:29,760 --> 00:37:32,240 Wink, wink. All right, Opti, what's your 743 00:37:32,240 --> 00:37:35,200 take on this? You not being a dad? 744 00:37:35,560 --> 00:37:39,000 Do you want to drop a joke? I'm not a comedian, so I don't 745 00:37:39,000 --> 00:37:41,680 have anything on the top of mind right now, but yeah, maybe soon. 746 00:37:41,880 --> 00:37:48,680 Anyways. Honestly, like I I like the, I 747 00:37:48,680 --> 00:37:52,760 like the evolution and the progression we've seen in 748 00:37:52,760 --> 00:37:55,040 Argentina. We've been covering this story 749 00:37:55,040 --> 00:37:57,200 for, I don't know now a couple of months. 750 00:37:57,200 --> 00:37:59,880 And I know when we first were talking about this story, we 751 00:37:59,880 --> 00:38:04,160 were kind of wondering how come the Argentinians are going into 752 00:38:04,160 --> 00:38:06,080 a stable coin. And you know, Peter McCormick 753 00:38:06,080 --> 00:38:10,280 did a very great documentary on this idea of how there was just 754 00:38:10,280 --> 00:38:13,400 still so much friction and kind of to what Adam said. 755 00:38:13,400 --> 00:38:17,080 You know, people are very turned off by quote, UN quote, the 756 00:38:17,080 --> 00:38:20,240 volatility of Bitcoin and they get loaded to sleep by the idea 757 00:38:20,240 --> 00:38:22,440 of a again, quote, UN quote stable coin because they're only 758 00:38:22,440 --> 00:38:25,560 stable until they're not. And I just finished reading The 759 00:38:25,560 --> 00:38:27,600 Bitcoin Dollar by my friend Mark Goodwin. 760 00:38:27,600 --> 00:38:30,920 Highly recommend everyone of you guys read it and it just it 761 00:38:30,920 --> 00:38:35,360 keeps popping up in my head that I'm not here for dollarizing or 762 00:38:35,360 --> 00:38:38,520 digitalizing the dollar. Like we're here for exactly what 763 00:38:38,520 --> 00:38:41,680 Adam just said, to create values, store your value in 764 00:38:41,680 --> 00:38:45,040 Bitcoin and then spend that value in Bitcoin into the things 765 00:38:45,040 --> 00:38:48,120 that you want. But I also understand that 766 00:38:48,120 --> 00:38:50,120 humans, you know, it takes a long time for them to learn 767 00:38:50,120 --> 00:38:52,000 things. And I've been saying for a while 768 00:38:52,000 --> 00:38:55,920 that we're seeing that there is like a natural progression 769 00:38:56,120 --> 00:38:59,000 towards people becoming bitcoiners and self custom their 770 00:38:59,000 --> 00:39:01,400 Bitcoin. And hey, if your currency is 771 00:39:01,400 --> 00:39:04,600 absolute trash like the Argentinian currency is, then of 772 00:39:04,600 --> 00:39:08,600 course you're going to move towards a stronger currency 773 00:39:08,600 --> 00:39:12,560 which in you know for the average person is is a dollar. 774 00:39:12,840 --> 00:39:15,800 And then once they get used to the dollar, and most people are 775 00:39:15,800 --> 00:39:18,160 already kind of used to the dollar and Argentina is pretty 776 00:39:18,160 --> 00:39:20,520 much, you know, dollarized at this point, whether it's on the 777 00:39:20,600 --> 00:39:22,920 on the black market or what do they call it, the blue market. 778 00:39:24,360 --> 00:39:27,520 People understand that, yeah, if my local currency is trashed and 779 00:39:27,520 --> 00:39:30,640 I move into a stronger currency, which for most people is a 780 00:39:30,640 --> 00:39:33,560 dollar, and then they wake up to the idea that, oh wait, there's 781 00:39:33,560 --> 00:39:36,480 an even stronger currency, which the end game is obviously 782 00:39:36,480 --> 00:39:38,600 Bitcoin. So there's steps towards people 783 00:39:38,880 --> 00:39:42,720 taking self custody. And I mean, at least the 784 00:39:42,720 --> 00:39:46,400 progression here is that people are starting to wake up that, 785 00:39:46,400 --> 00:39:48,880 yeah, I want to hold Bitcoin and not a stable coin. 786 00:39:49,080 --> 00:39:52,800 And again, you know, the, the classic trope of correlation 787 00:39:52,800 --> 00:39:55,520 does not mean causation. But it's very interesting that 788 00:39:55,520 --> 00:39:59,960 since Malay has become president that we're seeing a a mass 789 00:39:59,960 --> 00:40:02,880 inflow into Bitcoin. So it just goes to show that the 790 00:40:02,880 --> 00:40:06,080 signal is spreading and people are waking up to the idea that, 791 00:40:06,080 --> 00:40:10,400 oh, maybe I want to hold some Bitcoin over digital dollars and 792 00:40:10,400 --> 00:40:13,640 hey, you know, Bloomberg. Poor Bloomberg. 793 00:40:13,640 --> 00:40:17,360 You know, we, we can't, we can't hold them to the same 794 00:40:17,360 --> 00:40:20,440 journalistic standards that as bitcoiners hold ourselves to. 795 00:40:20,480 --> 00:40:24,720 So you can, you can, you know very obviously see that they are 796 00:40:24,720 --> 00:40:28,200 going to kind of say good things about stable coins. 797 00:40:28,200 --> 00:40:29,800 They don't, they don't want to basically be like, yeah, 798 00:40:29,800 --> 00:40:32,720 bitcoin's the solution here. Stable coins do have a huge 799 00:40:32,720 --> 00:40:36,920 market in South America and it's kind of probably because it is 800 00:40:36,920 --> 00:40:40,000 hard for them to actually just get Bitcoin directly. 801 00:40:40,000 --> 00:40:42,600 And so they have to make steps towards getting to Bitcoin. 802 00:40:42,800 --> 00:40:46,480 And again, this is all just kind of going through just how early 803 00:40:46,480 --> 00:40:50,120 we are in this whole Bitcoin ecosystem and the fact that they 804 00:40:50,120 --> 00:40:52,920 are coming down and trying to clamp on, on and off ramps. 805 00:40:52,920 --> 00:40:56,400 And so there are obstacles and there are loopholes that people 806 00:40:56,680 --> 00:41:00,560 have to jump over to even get into Bitcoin, especially when 807 00:41:00,920 --> 00:41:04,720 anyone that knows anything understands that they're trying 808 00:41:04,720 --> 00:41:06,800 to control the currency. So they're not going to make it 809 00:41:06,800 --> 00:41:08,280 easy for you to get into Bitcoin. 810 00:41:08,480 --> 00:41:14,040 But I love that we have another, I don't know, another testing 811 00:41:14,040 --> 00:41:16,760 ground for the same idea that we see in Nigeria. 812 00:41:16,760 --> 00:41:18,880 You know, Nigeria jumped the CBDC out there. 813 00:41:18,880 --> 00:41:20,960 No one watched it. They're going into Bitcoin 814 00:41:21,160 --> 00:41:22,840 Argentina. We saw that they're moving 815 00:41:22,840 --> 00:41:24,840 towards stable coins. And now we're seeing that like, 816 00:41:24,920 --> 00:41:27,480 oh wait, we don't want stable coins, we want Bitcoin. 817 00:41:27,640 --> 00:41:30,320 So the signal is spreading and people are waking up that, yeah, 818 00:41:30,320 --> 00:41:32,080 we're not here for digital dollars. 819 00:41:32,080 --> 00:41:36,560 Like digital dollars is just recreating the Fiat system again 820 00:41:36,720 --> 00:41:39,640 with new fancy buzzwords. And the real end goal is 821 00:41:39,640 --> 00:41:41,200 Bitcoin. So I love that we're seeing a 822 00:41:41,240 --> 00:41:45,600 progression from very bad local currencies towards Bitcoin. 823 00:41:45,600 --> 00:41:48,720 And this is going to take time and This is why we show up every 824 00:41:48,720 --> 00:41:50,400 single day. This is why we tell you guys 825 00:41:50,400 --> 00:41:53,120 every single day to have these conversations with your friends 826 00:41:53,120 --> 00:41:56,760 and family so they understand that the end game is Bitcoin and 827 00:41:56,760 --> 00:41:59,680 not a stable coin. It's not a digital dollar, it's 828 00:41:59,680 --> 00:42:02,480 not your local currency. Or it's rather it's not going 829 00:42:02,480 --> 00:42:06,040 into a stronger currency, It's going into the strongest money 830 00:42:06,040 --> 00:42:07,840 that man has ever seen, which is Bitcoin. 831 00:42:08,320 --> 00:42:09,360 Absolutely. Beautifully said. 832 00:42:09,360 --> 00:42:12,920 I mean, look, I'm gonna, I'm gonna borrow from, you know, our 833 00:42:12,920 --> 00:42:15,840 friends over at Bitcoin. Well, I'm gonna say, you know 834 00:42:15,840 --> 00:42:18,440 that that what you guys say enable independence. 835 00:42:18,440 --> 00:42:22,240 I think that's the key, right. And if you don't push self 836 00:42:22,240 --> 00:42:25,000 custody by default, 'cause this is an educational thing all 837 00:42:25,000 --> 00:42:27,160 around the world. Like the the reason I believe 838 00:42:27,160 --> 00:42:30,480 like in developing world that people are seeking tethers 839 00:42:30,480 --> 00:42:34,320 versus Bitcoin is I I think it's a it's a generational thing and 840 00:42:34,320 --> 00:42:35,560 I think it's an educational thing. 841 00:42:36,040 --> 00:42:39,400 I think self custody isn't more widely used because it's an 842 00:42:39,400 --> 00:42:41,960 educational thing. I think a lot of people you know 843 00:42:41,960 --> 00:42:46,000 fall into the convenience trap. So yeah, I mean I think I'm 844 00:42:46,000 --> 00:42:48,560 gonna pass that on to you guys. Are you guys enabling 845 00:42:48,560 --> 00:42:52,080 independence? Are you guys pushing, you know, 846 00:42:52,440 --> 00:42:54,800 sovereignty? Are you guys pushing freedom all 847 00:42:54,800 --> 00:42:57,880 over the world? Because you know it and I and I 848 00:42:57,880 --> 00:43:00,080 heard Thomas, I'm. I'm not gonna lie, Thomas, even 849 00:43:00,080 --> 00:43:03,720 though you sent us a super chat, I was quite disappointed when 850 00:43:03,720 --> 00:43:06,080 you said you were withdrawing your funds from Coinbase. 851 00:43:06,640 --> 00:43:09,600 Look guys, if you fall into the convenience trap, if you're 852 00:43:09,600 --> 00:43:14,320 pushing kind of, you know, these exchanges that don't properly 853 00:43:14,320 --> 00:43:17,040 incentivize self custody or don't have self custody by 854 00:43:17,040 --> 00:43:21,960 default, Better said, I'm not going to say it's as bad, but 855 00:43:21,960 --> 00:43:25,000 you know, self custody is the revolution, right? 856 00:43:25,000 --> 00:43:27,240 It is the revolution. That's what's actually going to 857 00:43:27,240 --> 00:43:29,440 change. Thing worldwide is 1,000,000 858 00:43:29,440 --> 00:43:33,120 upon millions of individuals holding unconfiscatable wealth 859 00:43:33,480 --> 00:43:35,840 out outside the grasp of government, right. 860 00:43:35,840 --> 00:43:37,560 That's really what's going to change things. 861 00:43:37,640 --> 00:43:39,480 And it's not because the government's going to want to 862 00:43:39,480 --> 00:43:41,520 change, it's that it's going to force the. 863 00:43:41,600 --> 00:43:44,480 It's going to force the government to change, right. 864 00:43:44,680 --> 00:43:46,240 Or at least that's what we hope, right. 865 00:43:46,480 --> 00:43:48,720 So anyways, I want to get your thoughts on that, Adam, and then 866 00:43:48,720 --> 00:43:50,840 we'll get on to the culture. Yeah, man. 867 00:43:50,840 --> 00:43:52,880 I mean, I think we talked about it last time I was on the show. 868 00:43:52,880 --> 00:43:57,640 It's like when you are on a mission to enable independence, 869 00:43:57,640 --> 00:44:00,920 which which which we are and and I and I truly hope that our 870 00:44:00,920 --> 00:44:05,160 audience listening right now is also at least keen to help 871 00:44:05,480 --> 00:44:08,840 enable independence, like we just need the help man. 872 00:44:09,600 --> 00:44:14,400 I think that building for a community with hyper, hyper 873 00:44:14,400 --> 00:44:19,880 aligned core values eliminates the ability to fall down the bad 874 00:44:19,880 --> 00:44:23,920 ways and it also forces us to listen in like what is 875 00:44:23,920 --> 00:44:25,360 important, like I'm seeing some chat here. 876 00:44:25,360 --> 00:44:27,120 You know, why doesn't Coinbase enable this? 877 00:44:27,120 --> 00:44:30,240 You know, Swan's doing that. Like yeah, I fully agree with 878 00:44:30,240 --> 00:44:33,760 all that and it's good for me and us as a team to be able to 879 00:44:33,760 --> 00:44:36,080 see what do people care about how do we build a better 880 00:44:36,080 --> 00:44:38,440 platform that you are comfortable referring your 881 00:44:38,440 --> 00:44:41,240 grandma to referring your aunt referring but then most 882 00:44:41,240 --> 00:44:44,720 importantly like onboarding your kids into. 883 00:44:44,720 --> 00:44:47,480 Because our habits follow our kids and and like I'm a dad of 884 00:44:47,480 --> 00:44:50,040 four I've got kids aged 7 and younger. 885 00:44:50,680 --> 00:44:55,000 Without question. What you do is what will show 886 00:44:55,000 --> 00:44:57,440 your kids what to do. If you are working hard, you're 887 00:44:57,440 --> 00:45:01,000 in the gym, you're eating properly and you're a generally 888 00:45:01,000 --> 00:45:04,160 kind individual. Your kids will be that way if 889 00:45:04,160 --> 00:45:06,640 you tell them work hard and then you sit on the couch and do 890 00:45:06,640 --> 00:45:09,440 nothing for six hours a day. Your kids are going to be fat, 891 00:45:09,440 --> 00:45:11,760 lazy slobs. If you tell your kids take self 892 00:45:11,760 --> 00:45:15,960 custody and then you use a a platform that enables other 893 00:45:15,960 --> 00:45:22,240 people that even goes as far as to not disincentivize them from 894 00:45:22,240 --> 00:45:26,360 taking self custody by giving them fancy rewards for opting 895 00:45:26,360 --> 00:45:29,040 into certain things like that's bad. 896 00:45:29,040 --> 00:45:31,640 That's teaching your kids that it's OK to be complacent. 897 00:45:31,640 --> 00:45:35,360 It's OK to take the generational wealth that they are have the 898 00:45:35,360 --> 00:45:37,560 like it's it's it's our generation and the next 899 00:45:37,560 --> 00:45:40,120 generation and that's it. That have the opportunity to 900 00:45:40,120 --> 00:45:45,160 truly decouple money in state like we got 2025 years left and 901 00:45:45,160 --> 00:45:47,360 that's it. And the way that we raise our 902 00:45:47,360 --> 00:45:50,680 children, the way that we tell the next generation how to stack 903 00:45:50,800 --> 00:45:54,680 corn is what will be the future of money. 904 00:45:54,920 --> 00:45:58,360 And if we're comfortable with, you know, your great, great 905 00:45:58,360 --> 00:46:03,440 great granddaughter's Bitcoin being stacked in like some, you 906 00:46:03,440 --> 00:46:07,800 know, closed loop garbage Fiat system, then like great, don't 907 00:46:07,800 --> 00:46:10,000 use a self custody platform. But if you want to push 908 00:46:10,040 --> 00:46:13,480 platforms to be better, then you got to like have your voice be 909 00:46:13,480 --> 00:46:16,640 heard, use those platforms and do it for the kids. 910 00:46:16,640 --> 00:46:17,960 Man, it sounds like Greg Foss up here. 911 00:46:17,960 --> 00:46:21,800 Like like do it for the kids. Make sure that the kids and the 912 00:46:21,800 --> 00:46:26,160 future generations are able to act responsibly because this is 913 00:46:26,160 --> 00:46:28,720 the worst self custody will ever be. 914 00:46:28,880 --> 00:46:32,400 This is the hardest it will ever be, and it's only because you 915 00:46:32,400 --> 00:46:36,520 guys are using and pushing self custody platforms to the next 916 00:46:36,520 --> 00:46:38,400 level. And I think that's like that's 917 00:46:38,400 --> 00:46:40,480 so important. Absolutely agree. 918 00:46:40,480 --> 00:46:42,680 Absolutely agree. All right, ladies and gentlemen, 919 00:46:42,680 --> 00:46:45,000 let's get to the culture. Let's talk more about self 920 00:46:45,000 --> 00:46:46,720 custody. Self custody by default. 921 00:46:46,960 --> 00:46:50,800 And Adam was telling me he gave a interesting presentation at a 922 00:46:50,800 --> 00:46:52,960 Bitcoin Meet up and want to hear about that? 923 00:46:53,280 --> 00:46:55,040 All right, ladies and gentlemen. Let's get to the I want to be an 924 00:46:55,040 --> 00:46:55,840 Optes night stand. That's. 925 00:47:00,280 --> 00:47:01,920 No you don't. No you don't. 926 00:47:05,080 --> 00:47:06,360 Bunch of Christmas toys in there. 927 00:47:07,040 --> 00:47:09,160 Oh, man. All right, what is an optes 928 00:47:09,160 --> 00:47:10,600 night stand? That's the question. 929 00:47:10,600 --> 00:47:16,600 I plead the 5th, the daily culture. 930 00:47:23,280 --> 00:47:26,360 So I do want to give a shout out to our sponsor Kabhi Max, the 931 00:47:26,360 --> 00:47:29,040 most trusted place to buy, sell and host mining equipment. 932 00:47:29,040 --> 00:47:30,560 You can scan the QR code on your screen. 933 00:47:30,560 --> 00:47:32,840 It will take you directly to the Kaboom Racks Telegram 934 00:47:32,840 --> 00:47:34,600 marketplace where you can connect with a member of their 935 00:47:34,600 --> 00:47:35,920 sales team. They make purchasing their 936 00:47:35,920 --> 00:47:38,840 products easy and transparent and you could also sell your 937 00:47:38,840 --> 00:47:42,160 mining equipment with them. Connect with their domestic and 938 00:47:42,160 --> 00:47:45,120 international customers. Check their Telegram 939 00:47:45,120 --> 00:47:47,640 marketplace. Check out Kaboom racks today. 940 00:47:47,640 --> 00:47:51,240 This is where I personally buy my Bitcoin mining A6. 941 00:47:51,880 --> 00:47:56,600 All right ladies and gentlemen, let's get to the culture, let's 942 00:47:56,600 --> 00:48:01,320 widen it up cuz Adam was showing us his multi Cam before the 943 00:48:01,320 --> 00:48:02,320 show. So. 944 00:48:02,960 --> 00:48:04,480 Wanna see this? You guys ready? 945 00:48:04,560 --> 00:48:07,240 I don't think. I think I just turned the ready 946 00:48:07,240 --> 00:48:11,000 for this. Whoa, what's up? 947 00:48:11,560 --> 00:48:14,600 A real influencer. Real influencing. 948 00:48:14,880 --> 00:48:16,600 Yeah. This is like a proper studio in 949 00:48:16,600 --> 00:48:18,880 here. Like this is leveling up so 950 00:48:18,880 --> 00:48:21,080 much. I'm yeah, this is like wow. 951 00:48:21,080 --> 00:48:24,080 I'm just so stoked to have two. I got like it's not set up, but 952 00:48:24,080 --> 00:48:26,160 I could put one up there. If I'm like tinkering with my 953 00:48:26,160 --> 00:48:27,920 hands a little bit, I'm going full. 954 00:48:28,360 --> 00:48:31,880 Full content creator full. Influencer on US, Full 955 00:48:31,880 --> 00:48:33,720 Influencer full. Influencer. 956 00:48:34,720 --> 00:48:37,360 All right, all right. Well, let's start with we have a 957 00:48:37,360 --> 00:48:39,840 a lot on the docket today, but let's let's continue the 958 00:48:39,840 --> 00:48:43,480 conversation of self custody. You, Nico was saying just a 959 00:48:43,480 --> 00:48:46,000 minute ago, you've been telling us about this presentation 960 00:48:46,000 --> 00:48:49,680 you've done on self custody. So Adam and everyone in the 961 00:48:49,680 --> 00:48:53,280 chat's like this guy gets it. So why is self custody 962 00:48:53,400 --> 00:48:55,400 important? And then you can kind of angle 963 00:48:55,400 --> 00:48:58,800 that into why Bitcoin, well, is self custody by default. 964 00:48:59,400 --> 00:49:00,360 Yeah. OK. 965 00:49:00,360 --> 00:49:03,320 And like, I don't this is a self custody talk. 966 00:49:03,360 --> 00:49:06,200 This is not intended to be a Bitcoin well talk. 967 00:49:06,200 --> 00:49:08,000 I'm gonna like note my bias off the top. 968 00:49:08,000 --> 00:49:09,960 Like obviously I I care about Bitcoin. 969 00:49:09,960 --> 00:49:13,400 Well, where I think the only self custody, like automatic 970 00:49:13,400 --> 00:49:15,440 self custody platform in the States were one of two in 971 00:49:15,440 --> 00:49:17,880 Canada. Like there's a bias there. 972 00:49:17,880 --> 00:49:20,280 But if we don't all agree that self custody is the most 973 00:49:20,280 --> 00:49:23,920 important thing, then I I, I this, this will surely convince 974 00:49:23,920 --> 00:49:25,720 you. So off the top with that 975 00:49:25,720 --> 00:49:29,360 instead, as promised, if you sign up with Drop Coinbase or 976 00:49:29,360 --> 00:49:34,600 you tweet me drop Coinbase, I'll add 500 points to your account. 977 00:49:34,800 --> 00:49:36,840 You can sign up for the Bitcoin jackpot contest and like 978 00:49:37,200 --> 00:49:40,520 whatever, have some extra stuff and be a part of a self custody 979 00:49:40,520 --> 00:49:43,040 platform. But the platform or the 980 00:49:43,040 --> 00:49:46,000 presentation that I gave in in Vancouver was based around three 981 00:49:46,000 --> 00:49:49,000 things and it was kind of the three risks that that you have 982 00:49:49,000 --> 00:49:51,000 when you're don't have Bitcoin in self custody. 983 00:49:51,280 --> 00:49:54,240 The 1st is like nefarious platforms, right? 984 00:49:54,240 --> 00:49:57,280 We've seen that with Mount Gox. We saw it with Quadriga here in 985 00:49:57,280 --> 00:49:58,960 Canada. If you guys don't know about the 986 00:49:58,960 --> 00:50:02,200 Quadriga story in Canada, it is absolutely shocking. 987 00:50:02,640 --> 00:50:06,440 Dude went like basically this guy was like Sam Bakeman Free 988 00:50:06,440 --> 00:50:09,840 Junior and did all the stuff that Sam Bakeman Free did, but 989 00:50:09,960 --> 00:50:12,640 like just for himself. Like he was just gambling on on 990 00:50:12,640 --> 00:50:15,800 platforms and then you know, obviously FTX. 991 00:50:15,800 --> 00:50:18,520 So that's like step one, which is the big problem there, right? 992 00:50:18,640 --> 00:50:21,280 When you give your money to somebody else, you give them the 993 00:50:21,280 --> 00:50:23,680 ability to spend the money however they want. 994 00:50:24,000 --> 00:50:27,080 We had Mark Karpolis, who many people probably don't know who 995 00:50:27,080 --> 00:50:29,480 he is. He was the OG like Bitcoin 996 00:50:29,480 --> 00:50:32,400 exchange bad guy. Mount Gox was the only Bitcoin 997 00:50:32,400 --> 00:50:35,480 exchange forever. From inception until I think 998 00:50:35,480 --> 00:50:39,880 2014 or 2013, that was where like you know I had to buy some 999 00:50:39,880 --> 00:50:43,240 of my first Bitcoin was like super sketchy wire money to like 1000 00:50:43,240 --> 00:50:45,480 a Russian bank and get it credited onto Mount Gox like 1001 00:50:45,480 --> 00:50:48,920 months later and then be able to buy Bitcoin and then he got 1002 00:50:48,920 --> 00:50:52,520 hacked and went belly up 2018 quadriga, same thing all of 1003 00:50:52,520 --> 00:50:55,240 Canada is using basically this, this, this one platform in 1004 00:50:55,240 --> 00:50:56,640 Canada. Everyone's using it. 1005 00:50:57,080 --> 00:51:00,520 Dude is like sending money to Binance and and FOMO ING into 1006 00:51:00,720 --> 00:51:05,720 ICO scams lost it all and then like allegedly died in India, 1007 00:51:06,160 --> 00:51:08,480 took taking all the Bitcoin with them and then we've got SPF who 1008 00:51:08,480 --> 00:51:09,960 everybody watching probably knows about. 1009 00:51:09,960 --> 00:51:12,480 So it's like that's problem number one. 1010 00:51:12,600 --> 00:51:17,440 But to be fair that problem is probably going away as we get 1011 00:51:17,440 --> 00:51:20,560 more more eyes on the space, more regulation on the space. 1012 00:51:20,960 --> 00:51:26,160 Like you would really really hope the FTX was the peak you 1013 00:51:26,160 --> 00:51:29,440 know crypto exchange guy scam. That's like that should never be 1014 00:51:29,440 --> 00:51:33,040 able to happen again. It can functionally happen 1015 00:51:33,040 --> 00:51:36,880 again, but you'd hope that regulations will at least, you 1016 00:51:36,880 --> 00:51:39,160 know, do whatever regulation can to prevent that. 1017 00:51:39,160 --> 00:51:41,760 But then there's Step 2, which is the honeypot. 1018 00:51:41,760 --> 00:51:45,160 And that's where the, the, the problems are kind of moving to, 1019 00:51:45,160 --> 00:51:48,840 which is like the Coinbase problem, like 90% of what did we 1020 00:51:48,840 --> 00:51:53,480 just say there was like 500,000 bitcoins sitting in Coinbase. 1021 00:51:54,280 --> 00:51:57,840 So you've got all of the ETFs bitcoins sitting in Coinbase and 1022 00:51:57,840 --> 00:52:00,440 then all of the retail bitcoins sitting in Coinbase. 1023 00:52:00,640 --> 00:52:04,560 Like if you're a hacker and you want to try and steal some 1024 00:52:04,560 --> 00:52:06,200 bitcoins, what are you going to do? 1025 00:52:06,200 --> 00:52:09,000 Are you going to try to corrupt myself custody where you're 1026 00:52:09,000 --> 00:52:13,080 going to get one individual's like total bitcoins or are you 1027 00:52:13,080 --> 00:52:18,320 going to try and infiltrate the the honeypot that is a Coinbase 1028 00:52:18,320 --> 00:52:22,200 holding literally hundreds of thousands of Bitcoin? 1029 00:52:22,560 --> 00:52:26,880 Not to mention the opportunity for centralized attacks inside 1030 00:52:26,880 --> 00:52:29,960 of Coinbase. So this is quite popular, not so 1031 00:52:29,960 --> 00:52:31,720 much in banking but in cell phones. 1032 00:52:32,280 --> 00:52:36,440 If anyone has heard of a SIM swap, the only reason SIM swaps 1033 00:52:36,600 --> 00:52:38,920 are possible is because of inside jobs. 1034 00:52:38,920 --> 00:52:43,120 And so the concept is you have a cell phone number tied to a SIM, 1035 00:52:43,480 --> 00:52:47,320 somebody inside somebody as part of like whatever Verizon or in 1036 00:52:47,320 --> 00:52:50,040 Canada like Bell or Telus or Rogers or like whatever, 1037 00:52:50,440 --> 00:52:51,960 somebody's able to change the SIM. 1038 00:52:52,400 --> 00:52:55,280 And once that SIM gets changed, all of the data that was going 1039 00:52:55,280 --> 00:52:57,040 to that SIM card goes to the different one. 1040 00:52:57,040 --> 00:53:00,840 This is only possible because of, you know, men inside that 1041 00:53:00,840 --> 00:53:03,280 are bad actors that are part of bad organization that do these 1042 00:53:03,280 --> 00:53:06,240 things. So what's stopping like you know 1043 00:53:06,440 --> 00:53:09,960 the group that has the keys inside Coinbase from just being 1044 00:53:09,960 --> 00:53:11,880 bad people? There's eventually going to 1045 00:53:11,880 --> 00:53:16,000 become a time where the the money at hand is so life 1046 00:53:16,000 --> 00:53:20,200 changing, is so like like talk about country founding wealth, 1047 00:53:20,200 --> 00:53:24,840 like is so insane. Human beings are are just broken 1048 00:53:24,880 --> 00:53:27,960 human. The human condition is a sinful 1049 00:53:28,240 --> 00:53:34,480 and and blasphemous condition. And do we trust that Coinbase is 1050 00:53:34,520 --> 00:53:39,360 only employing humans without that condition, without the 1051 00:53:39,360 --> 00:53:44,080 ability or with the ability to push back on that temptation of 1052 00:53:44,080 --> 00:53:48,040 like, oh, you know, if me and Jimmy and Johnny, who we eat 1053 00:53:48,040 --> 00:53:51,040 sandwiches with every single day, you know, we could each 1054 00:53:51,040 --> 00:53:53,760 take 100 Bitcoin. Like, come on, there's hundreds 1055 00:53:53,760 --> 00:53:55,560 of thousands in here, that's no problem. 1056 00:53:55,560 --> 00:53:57,080 Well, then what? Right. 1057 00:53:57,240 --> 00:54:00,640 Who repays that? Like, this is a massive problem. 1058 00:54:00,640 --> 00:54:03,720 That's problem #2. And then problem #3, like, guys 1059 00:54:03,920 --> 00:54:09,600 sitting right here, 61021933, Roosevelt's like, OK, you know, 1060 00:54:09,600 --> 00:54:11,040 we're in the middle of The Dirty 30s. 1061 00:54:11,040 --> 00:54:13,400 He probably didn't call it that because it wasn't called that 1062 00:54:13,400 --> 00:54:15,280 then. But he's like economic growth is 1063 00:54:15,280 --> 00:54:17,800 stalled. How do we get people spending 1064 00:54:17,800 --> 00:54:19,520 money right? Are we hearing that same 1065 00:54:19,520 --> 00:54:21,520 language right now? Like economic growth, We need 1066 00:54:21,520 --> 00:54:23,200 more growth. We got to kick start the 1067 00:54:23,200 --> 00:54:24,560 economy. You know, we're going to 1068 00:54:24,560 --> 00:54:27,920 stimulus like blah, blah, blah. In the 30s they were like, 1069 00:54:28,240 --> 00:54:32,400 everyone has too much savings. There are people that are just 1070 00:54:32,440 --> 00:54:34,720 hoarding the value they create with their time and waiting to 1071 00:54:34,720 --> 00:54:36,600 spend it in the future. They're not spending enough. 1072 00:54:36,600 --> 00:54:40,000 What should we do? And the brilliance at hand was, 1073 00:54:40,360 --> 00:54:45,280 let's take the gold, give them a fair value for it, and then that 1074 00:54:45,280 --> 00:54:47,520 will incentivize spending. And it did. 1075 00:54:47,960 --> 00:54:51,280 And for a short period of time, the economy was on cocaine and 1076 00:54:51,280 --> 00:54:54,600 the economy was, was, was working And you know, it pulled 1077 00:54:54,600 --> 00:54:57,680 everyone out of the thirty 30s. But at what cost? 1078 00:54:57,920 --> 00:55:00,680 Because what happened was they gave everyone like 20 bucks per 1079 00:55:00,680 --> 00:55:04,560 ounce of gold, OK, which at the time in those dollars was 1080 00:55:04,560 --> 00:55:08,800 $400.00 per the price, like in in today's dollars. 1081 00:55:08,800 --> 00:55:12,240 So gold right now I think is trading over like $2000. 1082 00:55:12,240 --> 00:55:16,560 So already there's a loss there. But then even worse, the next 1083 00:55:16,640 --> 00:55:22,600 year, 12 months later, gold was magically trading at over $35.00 1084 00:55:22,600 --> 00:55:26,320 an ounce. Like the government on day one 1085 00:55:26,680 --> 00:55:29,520 devalued the money that they traded for the gold. 1086 00:55:29,960 --> 00:55:32,280 And if you think I'm kidding, like just just look it up. 1087 00:55:32,280 --> 00:55:37,720 Like read the order. It was punishable by $10,000 1088 00:55:37,720 --> 00:55:41,320 fines in 1930. Three, $10,000 is a quarter 1089 00:55:41,320 --> 00:55:45,200 $1,000,000 equivalence today. So like the real world example 1090 00:55:45,400 --> 00:55:48,800 of this happening is the Biden administration coming in, being 1091 00:55:48,800 --> 00:55:51,200 like guys, there's too much saving going on. 1092 00:55:51,200 --> 00:55:53,200 The economy needs to grow. What should we do? 1093 00:55:53,440 --> 00:55:56,120 They're like, well, everyone's holding these bitcoins. 1094 00:55:56,120 --> 00:55:59,440 We need to get the bitcoins out of the hands of these savers and 1095 00:55:59,440 --> 00:56:01,080 put and put spending dollars into there. 1096 00:56:01,080 --> 00:56:05,280 It's like, OK, great, let's give them all $80,000 per Bitcoin. 1097 00:56:05,280 --> 00:56:06,520 That's a little bit of a premium. 1098 00:56:06,760 --> 00:56:09,200 All these high time preference idiots are going to take that 1099 00:56:09,200 --> 00:56:12,440 and they're going to go in, Jack that $80,000 into there. 1100 00:56:12,640 --> 00:56:14,040 It's like wow, why would they do that? 1101 00:56:14,160 --> 00:56:18,240 It's like cuz we'll punish them with a $250,000 fine if we don't 1102 00:56:18,480 --> 00:56:21,560 like that was the ultimatum the majority of people had. 1103 00:56:22,200 --> 00:56:26,520 It is absolutely catastrophic. The lengths at which the 1104 00:56:26,520 --> 00:56:30,480 government can and in my opinion will go to, you know, for the 1105 00:56:30,480 --> 00:56:32,600 greater good, right? Let's shut down the economy for 1106 00:56:32,600 --> 00:56:34,440 the greater good. Let's force experimental 1107 00:56:34,440 --> 00:56:37,440 medicines for the greater good, like, like we've seen this 1108 00:56:37,440 --> 00:56:41,520 happen time and time again. It will continue to happen, and 1109 00:56:41,520 --> 00:56:45,880 the worst possible case is that it happens to your value. 1110 00:56:46,080 --> 00:56:48,520 If it happens to your value, your hoops, you're done, because 1111 00:56:48,520 --> 00:56:51,760 there's nothing else you can do. You're then forced to work until 1112 00:56:51,760 --> 00:56:54,160 the day you die if you cannot store your value properly. 1113 00:56:54,160 --> 00:56:57,600 So I think it was a bit longer. There's a bit more examples, 1114 00:56:57,600 --> 00:56:59,800 some fun personal stories. I've got a ton of. 1115 00:56:59,800 --> 00:57:02,800 We were talking off air like, I I've got a ton of hilarious 1116 00:57:02,800 --> 00:57:05,360 personal stories just of like, government overreach. 1117 00:57:05,360 --> 00:57:08,080 I'm like famously debanked here in Canada. 1118 00:57:08,760 --> 00:57:11,160 So I like, there was a bunch of like cool anecdotes that I was 1119 00:57:11,160 --> 00:57:14,200 able to share with the crowd. But the coolest part of it was, 1120 00:57:14,240 --> 00:57:17,400 was after I had five people who didn't know each other, like, 1121 00:57:17,400 --> 00:57:22,360 independently come up and say, hey, I'd heard about self 1122 00:57:22,360 --> 00:57:24,720 custody. I was like, you know, pretty 1123 00:57:24,720 --> 00:57:27,080 sold on it. But this changed my life. 1124 00:57:27,440 --> 00:57:30,560 I'm going home right now to take self custody of my coins, my 1125 00:57:30,560 --> 00:57:33,280 generational wealth. And I was like that that that 1126 00:57:33,280 --> 00:57:36,440 like struck me like quite emotionally, like that was that 1127 00:57:36,440 --> 00:57:41,080 was very, very inspiring that like guys we have to talk more. 1128 00:57:41,080 --> 00:57:44,800 We have to, we have to spread the mission of self custody. 1129 00:57:45,600 --> 00:57:48,760 They knew it was important they said that, but they didn't maybe 1130 00:57:48,760 --> 00:57:51,240 think about how important. They weren't thinking about, you 1131 00:57:51,280 --> 00:57:52,960 know, their bloodline. They weren't thinking about the 1132 00:57:52,960 --> 00:57:55,440 generational wealth that it can be. 1133 00:57:56,080 --> 00:57:57,720 And that's because they had their coins. 1134 00:57:57,920 --> 00:57:59,520 It was convenient. It's like I got Bitcoin 1135 00:57:59,520 --> 00:58:00,800 exposure. I I did it. 1136 00:58:00,800 --> 00:58:03,520 I ended the Fed. It's like, no, you didn't. 1137 00:58:03,520 --> 00:58:07,720 You end the Fed when they can't 6102 you You end the Fed when 1138 00:58:08,200 --> 00:58:11,000 they don't have the power over your value. 1139 00:58:11,480 --> 00:58:15,080 If you have to ask somebody else's permission, that somebody 1140 00:58:15,080 --> 00:58:18,560 has two opportunities, the opportunity to make you ask 1141 00:58:18,560 --> 00:58:20,400 permission and do whatever they want you to do. 1142 00:58:20,680 --> 00:58:24,040 But then you're also exposed to their, to their backbone, you 1143 00:58:24,040 --> 00:58:28,360 know, will they say no to the government at B, you know and 1144 00:58:28,360 --> 00:58:30,720 and personally I don't want that responsibility. 1145 00:58:30,720 --> 00:58:34,040 I don't, I don't want to have a government agent saying like, 1146 00:58:34,200 --> 00:58:39,000 give me Nico's coins. Like, like frankly Nico, I like, 1147 00:58:39,000 --> 00:58:41,600 I love you. But like if somebody stole my 1148 00:58:41,600 --> 00:58:44,680 daughter and said give me Nico's coins or this little girl 1149 00:58:44,880 --> 00:58:48,200 disappears, like bye to your coins, right? 1150 00:58:48,200 --> 00:58:50,360 Like like my daughter's life Trump's your coins. 1151 00:58:50,360 --> 00:58:54,320 I'm sorry every single day And and we have you know, out of 1152 00:58:54,320 --> 00:58:58,600 obligation to our users, but also to like our families and 1153 00:58:58,600 --> 00:59:02,000 the future of this incredible asset class, we have removed 1154 00:59:02,280 --> 00:59:05,360 that that, that scenario from the equation. 1155 00:59:05,360 --> 00:59:07,680 You removed, you removed. You created the incentive 1156 00:59:07,680 --> 00:59:09,000 structure. Right. 1157 00:59:09,000 --> 00:59:10,520 Bingo. Like that. 1158 00:59:10,520 --> 00:59:13,440 That's really like the key. And that's really what's this? 1159 00:59:13,440 --> 00:59:15,800 Fascinating. Clearly you guys really thought 1160 00:59:15,800 --> 00:59:18,080 about that line. Enable independence 'cause you 1161 00:59:18,080 --> 00:59:21,160 know, it's maybe I'm reading too into it, but that's essentially 1162 00:59:21,160 --> 00:59:26,000 what what you're doing when you create a a self custody by 1163 00:59:26,000 --> 00:59:29,080 default platform, because it's exactly what you said. 1164 00:59:30,040 --> 00:59:35,560 Why do you? Of course you will, but but 1165 00:59:35,680 --> 00:59:38,040 that's what that's what you do right when when you create a 1166 00:59:38,040 --> 00:59:41,320 self custody platform in the traditional sense, you'd be 1167 00:59:41,320 --> 00:59:43,360 like, why would you do that? Like from a business 1168 00:59:43,360 --> 00:59:46,520 perspective, 'cause it's a lot more painful, It's low time 1169 00:59:46,520 --> 00:59:49,760 preference, right? It's a lot easier to create the 1170 00:59:49,760 --> 00:59:53,880 kind of convenience, but it's a lot more difficult, I would say, 1171 00:59:53,880 --> 00:59:56,360 from an educational standpoint. And it's just the right thing to 1172 00:59:56,360 --> 00:59:58,920 do from the revolutions aspect, right? 1173 00:59:58,920 --> 01:00:01,280 You know, the separation of money and state, right? 1174 01:00:01,600 --> 01:00:05,560 And again, the, you know, with Adam, with with your daughter in 1175 01:00:05,560 --> 01:00:08,640 that example, it's a great example because look, no one is 1176 01:00:08,640 --> 01:00:11,240 better than their incentives. At the end of the day, I I don't 1177 01:00:11,240 --> 01:00:14,000 care who you are, but it's just like no one, no one is better 1178 01:00:14,000 --> 01:00:16,800 than their incentives. And if you create an incentive 1179 01:00:16,800 --> 01:00:20,440 structure where it's not that you're going to do it every day, 1180 01:00:20,520 --> 01:00:23,600 It's not that Brian Armstrong, you know, his night table was 1181 01:00:23,600 --> 01:00:26,880 reliable, you know, 364 days out of the year. 1182 01:00:27,360 --> 01:00:30,680 But it only just takes one day, you know, for someone to knock 1183 01:00:30,680 --> 01:00:35,120 on his door and say, you know, like, hand me over those seed 1184 01:00:35,120 --> 01:00:37,400 words in your night table next to a picture of Christine 1185 01:00:37,400 --> 01:00:40,440 Lagarde and. He could think it's all totally 1186 01:00:40,440 --> 01:00:48,240 fine until it's just not like like nobody needs disaster 1187 01:00:48,240 --> 01:00:51,560 protection until disaster has struck. 1188 01:00:51,560 --> 01:00:54,720 And like, you know, here we get into the craziness of like, oh, 1189 01:00:54,720 --> 01:00:57,280 you know, we got to bunker down and and and you know, we got to 1190 01:00:57,280 --> 01:00:59,320 like we got to prepare for the worst and blah blah, blah. 1191 01:00:59,320 --> 01:01:00,720 And there's probably a balance there. 1192 01:01:01,200 --> 01:01:04,480 Honestly, taking self custody of your Bitcoin is the lowest 1193 01:01:04,480 --> 01:01:07,160 possible like disaster preparation that you can 1194 01:01:07,160 --> 01:01:10,240 possibly do. Like if you if you even think 1195 01:01:10,240 --> 01:01:13,080 about wearing a seat belt when you drive and have car 1196 01:01:13,080 --> 01:01:16,040 insurance, you should self custody or Bitcoin, those are 1197 01:01:16,040 --> 01:01:18,520 the same things. It's like, you know I'm probably 1198 01:01:18,520 --> 01:01:21,000 not going to crash my car, but if I did I don't want to go 1199 01:01:21,000 --> 01:01:22,400 through the windshield. So I'm just going to like click 1200 01:01:22,400 --> 01:01:24,120 this thing in. It's like you know, takes a 1201 01:01:24,120 --> 01:01:26,280 little bit of time. I had to learn how it worked but 1202 01:01:26,280 --> 01:01:30,040 it's like it's it's it's very worth it for me to not go to the 1203 01:01:30,040 --> 01:01:33,000 windshield in the slim chance that I crashed my car. 1204 01:01:33,240 --> 01:01:35,800 I think there's a greater chance that we see one of the three 1205 01:01:35,800 --> 01:01:37,840 disasters that I kind of explained either you know, the 1206 01:01:37,840 --> 01:01:41,200 theft, the honeypot or the 6102. Those three things are like 1207 01:01:41,200 --> 01:01:45,360 historically have happened. I would say it is quite likely 1208 01:01:45,360 --> 01:01:48,200 it will happen in the future. Just put your seat belt on self 1209 01:01:48,200 --> 01:01:52,200 custody or Bitcoin like it. We need to get this message out 1210 01:01:52,200 --> 01:01:53,480 there. We need to normalize self 1211 01:01:53,480 --> 01:01:57,000 custody and it's be like we need to look at, you know, how we 1212 01:01:57,000 --> 01:02:00,000 like look at people right now when like, like people that are 1213 01:02:00,000 --> 01:02:02,360 like jogging with masks on outside and you're like, what 1214 01:02:02,360 --> 01:02:03,720 are you doing? Like who? 1215 01:02:03,840 --> 01:02:05,680 Who do you think you are? Who are you protecting? 1216 01:02:06,000 --> 01:02:08,960 It's like, it's like when you have your coins sitting on 1217 01:02:08,960 --> 01:02:11,040 someone else's platform, it's got to be that same look. 1218 01:02:11,040 --> 01:02:14,080 It's like, what are you doing? Like why are you doing this? 1219 01:02:14,080 --> 01:02:15,360 Why are you part of this charade? 1220 01:02:15,600 --> 01:02:19,480 Like, stop this. That's that's what I think. 1221 01:02:20,720 --> 01:02:26,160 Beautifully said, that comment from Wine Kiss Wine Kiss, which 1222 01:02:26,160 --> 01:02:28,760 is absolutely hilarious. Why can't Brian Armstrong be 1223 01:02:28,760 --> 01:02:32,920 like Adam? No beer man. 1224 01:02:36,280 --> 01:02:39,240 OK, Opti, what's your take on all this, brother? 1225 01:02:39,800 --> 01:02:42,480 I mean, we say it all the time here, we say it all the time 1226 01:02:42,480 --> 01:02:45,760 here. And we've had a lot of hype 1227 01:02:45,760 --> 01:02:49,120 around the Bitcoin ETFs and stuff because it's like the 1228 01:02:49,120 --> 01:02:51,280 latest evolution of the Bitcoin space. 1229 01:02:51,280 --> 01:02:54,360 But we say probably every single day like self custody is the 1230 01:02:54,360 --> 01:02:57,520 revolution we've seen. As Adam was saying, you know, he 1231 01:02:57,520 --> 01:03:01,680 gave us 3 great examples. And we've seen this play out for 1232 01:03:01,680 --> 01:03:05,600 basically as long as humans have had history, that if you give 1233 01:03:05,680 --> 01:03:09,360 someone the ability to store your money, it's no longer your 1234 01:03:09,360 --> 01:03:12,240 money and they're going to do whatever they want with it. 1235 01:03:12,240 --> 01:03:15,200 That's like the whole basis of why we tell you guys to take 1236 01:03:15,200 --> 01:03:18,880 Bitcoin into custody. Because look, you can be the 1237 01:03:18,880 --> 01:03:21,160 most moral, principled person ever. 1238 01:03:21,880 --> 01:03:24,760 But like, if your money's just storing with someone, there's 1239 01:03:24,760 --> 01:03:29,560 always going to be that, that allure, that possibility of them 1240 01:03:29,560 --> 01:03:32,040 fractionally reserving your Bitcoin of you, or rather using 1241 01:03:32,040 --> 01:03:36,120 your money in a way that you didn't give them the, you know, 1242 01:03:36,120 --> 01:03:38,400 the permission to do. This is literally how we got 1243 01:03:38,400 --> 01:03:40,240 into Fiat money in the 1st place. 1244 01:03:40,400 --> 01:03:42,440 We saw this happen with the Roman Empire. 1245 01:03:42,560 --> 01:03:46,240 We saw this happen with gold. Like now we're just in a new 1246 01:03:46,240 --> 01:03:48,760 evolution of this where we have a better money. 1247 01:03:48,760 --> 01:03:50,160 We have the strongest money ever. 1248 01:03:50,160 --> 01:03:53,920 It is Bitcoin. And I think bitcoiners, being 1249 01:03:53,920 --> 01:03:57,880 adversarial thinkers, we're all wondering like, OK, how do we 1250 01:03:57,880 --> 01:04:01,080 make sure that we are not just building ourselves a gilded cage 1251 01:04:01,080 --> 01:04:03,440 with Bitcoin and recreating the same problems? 1252 01:04:03,440 --> 01:04:06,920 Because look, I know a lot of us bitcoiners we we do run with the 1253 01:04:06,920 --> 01:04:08,720 meme of like, Bitcoin has already won. 1254 01:04:08,960 --> 01:04:11,440 But we still have to stay vigilant out there because like, 1255 01:04:12,160 --> 01:04:16,320 we're not out of the woods yet. We we haven't necessarily 1256 01:04:16,320 --> 01:04:21,000 created a system where this isn't a possibility like it may 1257 01:04:21,000 --> 01:04:25,200 be you know, a very small chance, but it's a non zero 1258 01:04:25,200 --> 01:04:29,200 possibility that your Bitcoin can be taken from you if you 1259 01:04:29,200 --> 01:04:31,520 aren't taking your custody, your Bitcoin into custody. 1260 01:04:31,720 --> 01:04:34,520 And that's why we tell you guys every single day self custody is 1261 01:04:34,520 --> 01:04:37,240 the revolution. Because if everyone is holding 1262 01:04:37,240 --> 01:04:40,440 their own keys to their Bitcoin then there is no possibility of 1263 01:04:40,440 --> 01:04:42,440 this happening. And then we build that 1264 01:04:42,440 --> 01:04:45,600 peer-to-peer circular economy that all of us bitcoiners want 1265 01:04:45,600 --> 01:04:47,920 to happen, but we're not out of in the woods yet. 1266 01:04:47,920 --> 01:04:50,040 You know, we still have to develop this system. 1267 01:04:50,040 --> 01:04:53,880 We still have to build the layer twos out there, or else like, 1268 01:04:54,120 --> 01:04:58,320 for better or worse, like we can build a system that pretty much 1269 01:04:58,320 --> 01:05:01,320 recreates the Fiat system. But just odd, quote UN quote, 1270 01:05:01,560 --> 01:05:03,680 the Bitcoin network. And this is what all of us 1271 01:05:03,680 --> 01:05:06,800 bitcoiners are looking for and and trying to avoid and being 1272 01:05:06,800 --> 01:05:10,120 vigilant that we don't just end up recreating the system again 1273 01:05:10,400 --> 01:05:13,240 because we know humans are no better than our incentive. 1274 01:05:13,640 --> 01:05:16,480 And look, I jokingly say this, I think I'm a moral, principled 1275 01:05:16,480 --> 01:05:18,160 person. But if you guys gave me your 1276 01:05:18,160 --> 01:05:21,040 Bitcoin and you didn't touch it for, I don't know, 10 years, I'm 1277 01:05:21,040 --> 01:05:25,000 sure, I'm sure that green will take hold and like, look, I can 1278 01:05:25,040 --> 01:05:26,560 just. Take like a little bit of this. 1279 01:05:26,680 --> 01:05:28,320 Come out of the night stand, baby like. 1280 01:05:28,920 --> 01:05:31,560 Exactly like send your Bitcoin to my night stand. 1281 01:05:31,560 --> 01:05:36,920 And after a certain while I I can almost convince you that I 1282 01:05:36,920 --> 01:05:39,320 will use some of your Bitcoin and try to recreate it. 1283 01:05:39,480 --> 01:05:43,520 Like embezzling has been a part of humanity for a long time. 1284 01:05:43,760 --> 01:05:45,280 And just got the big. Corners. 1285 01:05:45,640 --> 01:05:49,520 A public address on his night stand with my inside the drawer. 1286 01:05:49,720 --> 01:05:51,600 It's like deposit to my night stand, please. 1287 01:05:52,200 --> 01:05:55,360 Guys, This is why we don't trust banks in the 1st place. 1288 01:05:55,360 --> 01:05:57,240 You know, we saw this happen in 2008. 1289 01:05:57,240 --> 01:06:00,200 Like, humans aren't better than their incentives. 1290 01:06:00,200 --> 01:06:04,200 And This is why we we talk about taking your Bitcoin into 1291 01:06:04,200 --> 01:06:06,760 custody. So you completely take that 1292 01:06:06,880 --> 01:06:11,120 opportunity off the table and hence why automatic self custody 1293 01:06:11,120 --> 01:06:12,880 is such an important thing out there. 1294 01:06:12,880 --> 01:06:16,720 It's like, look, I want you to get Bitcoin, but I don't want to 1295 01:06:16,720 --> 01:06:19,000 hold your Bitcoin. How do we make this happen? 1296 01:06:19,000 --> 01:06:21,680 How do we make sure that the transition and the friction is 1297 01:06:21,680 --> 01:06:25,000 minimized so that you own your Bitcoin and you control your own 1298 01:06:25,000 --> 01:06:26,000 wealth? Like it? 1299 01:06:26,000 --> 01:06:27,680 Really. Another trend. 1300 01:06:27,680 --> 01:06:28,840 I'm going to full screen myself here. 1301 01:06:29,120 --> 01:06:34,320 Another It really blows my mind that the status quo of humanity 1302 01:06:34,320 --> 01:06:37,200 right now is trusting someone else with your wealth. 1303 01:06:37,520 --> 01:06:42,320 It absolutely blows my mind that the average people, I think that 1304 01:06:42,320 --> 01:06:46,440 giving a bank their money is the safest way to store your value. 1305 01:06:46,440 --> 01:06:50,000 Like it it it makes it almost makes me insane when I think 1306 01:06:50,000 --> 01:06:53,320 about this is like everyone out here thinks that their money is 1307 01:06:53,320 --> 01:06:56,720 in a safety deposit box in a bank and they're not doing crazy 1308 01:06:56,720 --> 01:06:58,880 nefarious financial trickery with it. 1309 01:06:58,880 --> 01:07:03,360 And it's like, no, you literally gave your money to someone else. 1310 01:07:03,360 --> 01:07:05,240 They can do whatever they have. What's the meme? 1311 01:07:05,400 --> 01:07:07,560 You know, a possession is 9/10 of the law. 1312 01:07:07,680 --> 01:07:10,360 Well, in Bitcoin, possession is 10 tenths of the law. 1313 01:07:10,360 --> 01:07:13,920 Like he who owns the keys controls your Bitcoin. 1314 01:07:14,080 --> 01:07:17,840 It's literally that simple. And I, you know, actually Adam, 1315 01:07:17,840 --> 01:07:21,720 I do want to ask you because we see the meme right now of, you 1316 01:07:21,720 --> 01:07:25,360 know, Bitcoin ETFs being a gateway drug to self custody, 1317 01:07:25,640 --> 01:07:29,480 but it's also like, you know, Bitcoin ETFs with paper Bitcoin. 1318 01:07:29,480 --> 01:07:32,600 So what's your thoughts on this idea of people going to ETFs and 1319 01:07:32,600 --> 01:07:34,320 then eventually going into Bitcoin? 1320 01:07:35,080 --> 01:07:37,880 Yeah man, I think gate. I think that ETFs are the 1321 01:07:37,960 --> 01:07:41,360 gateway drug into self custody. The problem with gateway drugs 1322 01:07:41,360 --> 01:07:43,000 is they just cause a lot of heroin addicts. 1323 01:07:43,160 --> 01:07:47,200 And I and I think like gateway drugs are bad. 1324 01:07:48,160 --> 01:07:53,000 Like, like, no one's ever like, Oh yeah, I started partying with 1325 01:07:53,000 --> 01:07:56,640 marijuana and then, you know, then I got hooked on heroin. 1326 01:07:56,640 --> 01:07:58,640 And I'm really happy that I had that gateway drug. 1327 01:07:58,640 --> 01:08:01,160 Like, and I and I know that like that that's a hyperbolic 1328 01:08:01,160 --> 01:08:02,560 progression. Don't come at me about, like, 1329 01:08:02,560 --> 01:08:05,160 how weed is a gateway to to, like, smack. 1330 01:08:05,160 --> 01:08:08,160 But, like, gateway drugs are not good. 1331 01:08:10,120 --> 01:08:15,560 Gateway drugs are the problem. And if we don't normalize you 1332 01:08:15,560 --> 01:08:19,880 know opioids and we don't normalize like this party 1333 01:08:19,880 --> 01:08:25,040 culture of drug doing, then we don't have the homeless and drug 1334 01:08:25,040 --> 01:08:28,479 problem that we have. And so if we don't normalize 1335 01:08:28,760 --> 01:08:31,840 ETFs we won't have the problem that exists here. 1336 01:08:31,840 --> 01:08:36,840 I think the like you know if we keep this example running the 1337 01:08:36,840 --> 01:08:39,240 only reason we do drugs is to feel better, right. 1338 01:08:39,240 --> 01:08:40,840 That's it period. That's that that's that's the 1339 01:08:40,840 --> 01:08:43,080 reason drugs exist. High time preference dopamine. 1340 01:08:44,240 --> 01:08:46,600 Well the only reason we self custody is to be free. 1341 01:08:47,319 --> 01:08:52,640 When you own ABTFBTF an an ETF you are not free. 1342 01:08:52,720 --> 01:08:57,000 When you own Bitcoin in self custody you are and so like if 1343 01:08:57,000 --> 01:08:59,800 you want a quick high tide preference dopamine do some 1344 01:08:59,800 --> 01:09:02,399 cocaine. If you want long lasting 1345 01:09:02,439 --> 01:09:06,960 dopamine like get up early, work hard, eat steak and drink lots 1346 01:09:06,960 --> 01:09:10,680 of water like so. If you want high time preference 1347 01:09:10,920 --> 01:09:13,960 Fiat gains from Bitcoin then buy the ETF. 1348 01:09:14,479 --> 01:09:17,399 If you want generational wealth and freedom for you and your 1349 01:09:17,399 --> 01:09:21,640 family then buy Bitcoin and self custody at bitcoinworld.com. 1350 01:09:21,840 --> 01:09:25,359 Like it's it's it's it's not that hard in my opinion. 1351 01:09:25,760 --> 01:09:30,279 It's like we need to Unless your Bitcoin is in your custody, it's 1352 01:09:30,279 --> 01:09:32,319 not real. Unless you bought Bitcoin and 1353 01:09:32,319 --> 01:09:35,800 saw a TXID come out of the blockchain because of it, it's 1354 01:09:35,800 --> 01:09:39,000 not real. Anything other than that is 1355 01:09:39,439 --> 01:09:42,640 fake. And like, we want fake Bitcoin. 1356 01:09:42,640 --> 01:09:46,120 Like, we saw how fake dopamine is ruining society. 1357 01:09:46,479 --> 01:09:49,720 Fake Bitcoin will be 25 times worse than that. 1358 01:09:50,240 --> 01:09:52,240 On an order of magnitude, let's like be better. 1359 01:09:52,960 --> 01:09:53,720 Amen. Amen. 1360 01:09:53,720 --> 01:09:56,560 Love that. OK, let's pivot a little bit to 1361 01:09:56,560 --> 01:10:00,280 the giveaways that we've been doing the last couple of days 1362 01:10:01,040 --> 01:10:03,480 actually. But before we do this, I want to 1363 01:10:03,480 --> 01:10:06,800 acknowledge everyone out there, you guys are the real MVPS 1364 01:10:06,800 --> 01:10:11,280 because the Bitcoin jackpot has doubled since we announced. 1365 01:10:11,280 --> 01:10:14,080 This, but love to see it. But those are rookie numbers. 1366 01:10:14,080 --> 01:10:16,160 We gotta pump those numbers up. Those are rookie numbers. 1367 01:10:16,160 --> 01:10:18,080 Com contest. Yeah, sign up. 1368 01:10:18,080 --> 01:10:19,480 Okay. So just hit. 1369 01:10:20,160 --> 01:10:22,160 Just FYI, had just hit 3,000,000 Sats. 1370 01:10:22,160 --> 01:10:24,480 I'm looking at a live number 3.0. 1371 01:10:24,480 --> 01:10:28,120 OK, it's not live yet, OK? That doesn't update 1372 01:10:28,120 --> 01:10:31,840 automatically, unfortunately. 3 point O 34410 is the amount of 1373 01:10:31,840 --> 01:10:34,800 Sats sitting in the jackpot and on behalving. 1374 01:10:34,880 --> 01:10:38,400 We're going to have our our script figure out who's going to 1375 01:10:38,400 --> 01:10:45,840 take home 69% of that jackpot. OK, so back to last week's Are 1376 01:10:45,840 --> 01:10:50,320 we announcing the Stamp Seed winners live or you got them or? 1377 01:10:50,680 --> 01:10:54,280 So I tweeted last week, before we drew, which blocks would be 1378 01:10:54,280 --> 01:10:55,880 determined. Remember, if you Scroll down a 1379 01:10:55,880 --> 01:10:58,720 little bit, Opti, you can audit the script that chooses the 1380 01:10:58,720 --> 01:11:00,840 contestants. This is like, you know, there's 1381 01:11:00,840 --> 01:11:04,080 no funny business here, right there, Audit the script. 1382 01:11:04,080 --> 01:11:06,680 So I ran through, I took five blocks. 1383 01:11:06,680 --> 01:11:11,120 We had five people that that were, you know how many people 1384 01:11:11,120 --> 01:11:14,760 entered on that day with the blah cache, which is obviously 1385 01:11:14,760 --> 01:11:19,480 random and yeah, voila. And so I've got 5 usernames 1386 01:11:19,480 --> 01:11:23,960 here. I'm gonna just read them out and 1387 01:11:24,720 --> 01:11:27,520 I'll be in touch with you later today on who want. 1388 01:11:27,640 --> 01:11:31,920 So first username, I'm not gonna show the usernames because, well 1389 01:11:31,920 --> 01:11:36,640 just for obvious reasons, but first one is Andrew J, second 1390 01:11:36,640 --> 01:11:43,760 one is Mark 123, third one is Dennis Leclair C, third one is 1391 01:11:43,760 --> 01:11:47,320 Tavon and fifth one or fourth one is Tavon and 4th one, fifth 1392 01:11:47,320 --> 01:11:51,160 one is Randy Bowman. And so those are the usernames, 1393 01:11:51,160 --> 01:11:54,360 the well tags of all the people. Congrats to you guys. 1394 01:11:54,360 --> 01:11:57,880 You got some free seed plates you can like go stamp your value 1395 01:11:58,120 --> 01:12:00,600 into the future. That's super dope. 1396 01:12:00,600 --> 01:12:03,160 So nice work. Just as a reminder, like Bitcoin 1397 01:12:03,160 --> 01:12:05,280 jackpot contest is still alive. We're going to be giving away 1398 01:12:05,560 --> 01:12:08,640 other random prizes later on down the road, but sign up at 1399 01:12:08,640 --> 01:12:12,400 bitcoinwell.com/contest and yeah, let's like, let's go guys. 1400 01:12:12,400 --> 01:12:15,760 Obviously, you know, I'm super lucky to be able to come on here 1401 01:12:15,760 --> 01:12:18,800 and chat with you guys. But if you can't, I'm like, I'm 1402 01:12:18,800 --> 01:12:20,760 like looking at myself, I'm like a little flush in the face. 1403 01:12:20,760 --> 01:12:23,480 I'm like, I'm so fired up about self custody. 1404 01:12:24,760 --> 01:12:28,400 Like, you know, whether you use Bitcoin well or like if you're 1405 01:12:28,400 --> 01:12:30,560 in the States, you literally can't use any other platform 1406 01:12:30,560 --> 01:12:32,760 that is automatic self custody because they just don't exist. 1407 01:12:32,760 --> 01:12:35,680 But if you are in Canada, you know, whether you're using 1408 01:12:35,680 --> 01:12:39,400 Bitcoin well or using bull like at the end of the day use a 1409 01:12:39,400 --> 01:12:41,720 platform that aligns with your values. 1410 01:12:41,720 --> 01:12:44,880 And if your values are like, you know, oh I'm here. 1411 01:12:44,880 --> 01:12:46,680 I'm good. I'm. 1412 01:12:46,680 --> 01:12:48,640 I'm looking for paper gains and like whatever. 1413 01:12:48,640 --> 01:12:50,840 Like Bitcoin well is probably not for you and and and that's 1414 01:12:50,840 --> 01:12:54,560 OK if your values are Bitcoin is freedom money. 1415 01:12:54,560 --> 01:12:58,720 Bitcoin exists to give me and my family independence based on the 1416 01:12:58,720 --> 01:13:01,680 value of our efforts. Then like Bitcoin well is for 1417 01:13:01,680 --> 01:13:03,800 you and and and I want to work for you. 1418 01:13:03,920 --> 01:13:07,960 I want to work as hard as I possibly can to give you and 1419 01:13:07,960 --> 01:13:10,560 your family the best possible platform to use. 1420 01:13:10,560 --> 01:13:13,920 And so please like tell me what's working. 1421 01:13:14,000 --> 01:13:16,080 Tell me what's not. We had some great feedback like 1422 01:13:16,400 --> 01:13:20,480 hey the time delay between funding the the Fiat and be able 1423 01:13:20,480 --> 01:13:22,720 to receive Bitcoin too long. We're fixing that. 1424 01:13:22,720 --> 01:13:23,920 Like it's it's going to be fixed soon. 1425 01:13:23,920 --> 01:13:27,840 You're going to be able to smash by and and and get that Txid. 1426 01:13:28,360 --> 01:13:32,520 Like, like we're just making the platform in such a way that we 1427 01:13:32,520 --> 01:13:35,800 want the community, the hardcore Bitcoin community, to be able to 1428 01:13:35,800 --> 01:13:39,200 use it easily and feel good about onboarding their friends. 1429 01:13:39,200 --> 01:13:41,880 So that's the pitch. I don't want to shell anymore, 1430 01:13:42,600 --> 01:13:46,840 but I love you guys absolutely. Adam, there is a few questions 1431 01:13:46,840 --> 01:13:49,200 in the chat that that I think we should clear up. 1432 01:13:49,200 --> 01:13:53,360 First of all, when does the contest and we we say it all the 1433 01:13:53,360 --> 01:13:55,200 time, but again refreshing for the people. 1434 01:13:55,880 --> 01:13:58,440 Yeah, so the contest is going to go until the halving. 1435 01:13:58,440 --> 01:14:02,040 So block 840,000 is going to trigger the end of the contest. 1436 01:14:02,040 --> 01:14:04,280 Not a time, it's a this is a, this is a Bitcoin contest. 1437 01:14:04,280 --> 01:14:09,000 We are ending in blocks, the 20. So how the jackpot works, it's 1438 01:14:09,000 --> 01:14:15,000 split three ways, 69% obviously, 21% obviously and then what's 1439 01:14:15,000 --> 01:14:19,000 left is 10%. So 69% goes to the grand prize. 1440 01:14:19,280 --> 01:14:23,560 This is drawn out of block 840,000 and two. 1441 01:14:23,560 --> 01:14:26,880 So the hash of that block will determine the winner of all of 1442 01:14:26,880 --> 01:14:30,200 the entrance. We then have the the secondary 1443 01:14:30,200 --> 01:14:36,120 prize which is 21% and that is 840,000 and one. 1444 01:14:36,120 --> 01:14:42,600 So block 840-0001 is going to determine that winner and then 1445 01:14:43,160 --> 01:14:46,080 and then the last 10% goes to a project on Geyser. 1446 01:14:46,080 --> 01:14:49,080 There's currently a poll on the Bitcoin well Twitter at the 1447 01:14:49,080 --> 01:14:51,840 Bitcoin Well you can you can you can vote for one of the three 1448 01:14:51,840 --> 01:14:55,920 projects that we've chosen to to donate this the rest of the 1449 01:14:55,920 --> 01:14:58,240 jackpot too. So even if you don't win you can 1450 01:14:58,240 --> 01:15:01,000 feel really good about about funding one of the three 1451 01:15:01,000 --> 01:15:04,160 projects on Geyser. So trying to be like, pretty, 1452 01:15:04,240 --> 01:15:07,880 you know, community focused and contest ends at the halving. 1453 01:15:08,000 --> 01:15:10,600 So enter now. You can enter as many times as 1454 01:15:10,600 --> 01:15:12,160 you want. You enter with your Bitcoin, 1455 01:15:12,160 --> 01:15:15,120 well, points. You get points by signing up 1456 01:15:15,120 --> 01:15:16,960 with Drop Coinbase if you're listening to the show. 1457 01:15:17,480 --> 01:15:21,160 You get points by tweeting me. Drop Coinbase right now at Adam 1458 01:15:21,160 --> 01:15:24,440 O'Brien under score and you get points by signing up, making 1459 01:15:24,440 --> 01:15:26,960 purchases, referring your friends, and all the rest of it. 1460 01:15:27,760 --> 01:15:28,560 Love it. Love it. 1461 01:15:28,560 --> 01:15:32,680 OK And the last one to clear up for everyone Where is Bitcoin 1462 01:15:32,680 --> 01:15:35,600 Well available? And then they're wondering, are 1463 01:15:35,600 --> 01:15:38,600 you thinking of expanding? I see that at the beginning of 1464 01:15:38,600 --> 01:15:41,440 every episode. Every episode we're we're in 1465 01:15:41,440 --> 01:15:46,760 Canada and the US all 50 states. Yeah all 50 states that's that's 1466 01:15:46,760 --> 01:15:49,960 that's relatively new. We launched in the states like 1467 01:15:49,960 --> 01:15:53,640 9:00-ish 8-9 months ago, but we only got all 50 states in 1468 01:15:53,640 --> 01:15:55,240 February, so super stoked on that. 1469 01:15:55,520 --> 01:15:58,480 So every single province in Canada, every single states in 1470 01:15:58,480 --> 01:16:02,240 the US buy Bitcoin goes automatically to self custody. 1471 01:16:02,800 --> 01:16:04,600 I saw someone in the chat asking about selling. 1472 01:16:05,240 --> 01:16:06,920 We're going to have sell. You're going to be able to sell 1473 01:16:06,920 --> 01:16:08,920 Bitcoin directly from self custody. 1474 01:16:08,920 --> 01:16:11,600 So the workflow will be so simple, it's going to be sell 1475 01:16:11,600 --> 01:16:13,360 Bitcoin. Which bank do you want the money 1476 01:16:13,360 --> 01:16:16,560 to go into This bank, please. Here's your QR code and then 1477 01:16:16,560 --> 01:16:20,160 you're going to send Bitcoin and receive Fiat right in that bank. 1478 01:16:20,360 --> 01:16:23,000 And so now there's a there's a debate here. 1479 01:16:23,000 --> 01:16:25,440 There's there's a question here, well, why would I sell my 1480 01:16:25,440 --> 01:16:26,440 Bitcoin? I am. 1481 01:16:26,560 --> 01:16:27,960 I'm a hardcore maxi. I don't. 1482 01:16:27,960 --> 01:16:29,640 I don't ever sell. Yes, you do. 1483 01:16:30,480 --> 01:16:35,040 Only hardcore Maxis sell because only hardcore Maxis are all in. 1484 01:16:35,200 --> 01:16:38,960 And if you are all in, you need to sell to live unless you plan 1485 01:16:38,960 --> 01:16:41,600 on not consuming anything ever again. 1486 01:16:42,680 --> 01:16:46,920 So I do believe that selling Bitcoin is part of creating a 1487 01:16:46,920 --> 01:16:49,320 Bitcoin, a hyper bitcoinized society. 1488 01:16:49,560 --> 01:16:52,240 Because if you all you're doing is buying, you're just holding 1489 01:16:52,240 --> 01:16:55,240 the rest of your value in Fiat. If you have dry powder, it means 1490 01:16:55,240 --> 01:16:57,960 you don't have enough Bitcoin. If you have dry powder today, 1491 01:16:58,080 --> 01:17:00,040 you didn't stack enough Bitcoin yesterday. 1492 01:17:00,280 --> 01:17:03,560 And so giving our customers the ability to sell from self 1493 01:17:03,560 --> 01:17:08,520 custody in a super easy and convenient way is the number 1494 01:17:08,640 --> 01:17:10,560 one. Like, that's part of it. 1495 01:17:10,560 --> 01:17:13,040 It's not #1 maybe, but it's part of the ecosystem. 1496 01:17:13,040 --> 01:17:15,560 It's part of creating an environment that's like not a 1497 01:17:15,560 --> 01:17:19,960 bank, Brian, but it's like the modern banking ecosystem that 1498 01:17:19,960 --> 01:17:24,680 gives our users the ability to use their money in a way that's 1499 01:17:24,680 --> 01:17:28,160 from self custody. Amen spend don't sell. 1500 01:17:28,160 --> 01:17:30,160 Yeah, I totally agree with that. But like, you can't pay a 1501 01:17:30,160 --> 01:17:33,840 mortgage or rent in Bitcoin. The majority of people, yeah, 1502 01:17:34,440 --> 01:17:36,520 that's where we're going to yet that's where we're going to. 1503 01:17:36,520 --> 01:17:38,360 And in Canada, we're gonna bring this to the States eventually. 1504 01:17:38,360 --> 01:17:39,640 You can pay your bills in Bitcoin. 1505 01:17:39,640 --> 01:17:42,480 You can literally take like, your Amex card, tap, tap, tap, 1506 01:17:42,640 --> 01:17:44,320 and then pay that off at the end of the month with Bitcoin. 1507 01:17:44,520 --> 01:17:48,680 That's awesome. But like you just cannot Canada 1508 01:17:48,680 --> 01:17:51,440 and the and and the US North America the payments 1509 01:17:51,440 --> 01:17:57,240 infrastructure is so incestual and bad but also convenient like 1510 01:17:57,440 --> 01:18:00,360 you're not walking into Wendy's to buy a Baconator with Bitcoin 1511 01:18:00,360 --> 01:18:02,760 anytime soon in Canada. You can barely do that in El 1512 01:18:02,760 --> 01:18:07,480 Salvador and it's legal tender like like the the execs are not 1513 01:18:07,720 --> 01:18:12,320 looking at at this with any type of of of reality anytime soon 1514 01:18:12,880 --> 01:18:17,600 And so for the for the time being we Bitcoin well and and 1515 01:18:17,600 --> 01:18:21,320 other incredible companies need to make ways need to find 1516 01:18:21,320 --> 01:18:25,000 products and invent products invent workflows and pathways 1517 01:18:25,000 --> 01:18:28,680 for money to move so that you can spend your Bitcoin even if 1518 01:18:28,840 --> 01:18:31,840 the merchant doesn't accept and that's the next phase. 1519 01:18:31,840 --> 01:18:34,320 So phase one Bitcoin accessibility we're like getting 1520 01:18:34,320 --> 01:18:37,120 there pretty good. Phase two make it easy on and 1521 01:18:37,120 --> 01:18:40,560 off directly from self custody we're like we're in that phase 1522 01:18:40,560 --> 01:18:43,160 and then the next phase the most exciting phase hyper 1523 01:18:43,160 --> 01:18:46,000 bitcoinization. How do you as the user have the 1524 01:18:46,000 --> 01:18:50,640 ability to have all of your money in self custody but still 1525 01:18:50,640 --> 01:18:54,240 have full access to the real world and and being able to 1526 01:18:54,240 --> 01:18:56,120 spend that money? That's the Holy Grail. 1527 01:18:56,680 --> 01:18:57,920 Amen to that. Amen to that. 1528 01:18:57,920 --> 01:18:59,920 We got one more question from Thomas. 1529 01:19:00,440 --> 01:19:03,400 Thomas says how long does the identity verification take? 1530 01:19:03,400 --> 01:19:09,360 It's pretty effing fast, man. Couple minutes like, yeah, 120 1531 01:19:09,360 --> 01:19:12,240 to 180 seconds is kind of our benchmark. 1532 01:19:12,280 --> 01:19:15,000 If you're like you know it does, you do have to verify your 1533 01:19:15,000 --> 01:19:16,840 identity. So if you're like taking bad 1534 01:19:16,840 --> 01:19:21,160 pictures, it'll be longer. If there's like you know things 1535 01:19:21,160 --> 01:19:23,720 that are wrong with the verification, like you're a 1536 01:19:23,720 --> 01:19:26,000 scammer, then it will also take a little bit longer. 1537 01:19:26,320 --> 01:19:29,280 If we think, you know, if the robots that do the verification 1538 01:19:29,280 --> 01:19:31,240 think you're a scammer, then it will take longer. 1539 01:19:31,800 --> 01:19:37,080 But like our support team, so we had a big meeting 3 weeks ago 1540 01:19:37,560 --> 01:19:40,480 and I and I, I welcomed the team to Operation Toro. 1541 01:19:40,720 --> 01:19:44,400 And Operation Toro is an absolute maniacal urgency. 1542 01:19:44,400 --> 01:19:49,240 All hands on deck 24/7. This is going to be insane while 1543 01:19:49,240 --> 01:19:50,920 we on board as many people as possible. 1544 01:19:51,560 --> 01:19:55,200 And so like if there's problems, you know, reach over to the 1545 01:19:55,200 --> 01:19:57,160 team. There is someone there like all 1546 01:19:57,160 --> 01:20:00,120 the time. And if if you want to like, you 1547 01:20:00,120 --> 01:20:02,080 know, follow me on Twitter, like hit me up on Twitter. 1548 01:20:02,080 --> 01:20:06,360 I am so active. I'm living, sleeping and eating 1549 01:20:06,680 --> 01:20:09,160 this operation tomorrow season that we're in. 1550 01:20:09,360 --> 01:20:12,720 And yeah, like we want to make sure that you are on board to 1551 01:20:12,720 --> 01:20:14,960 the safest possible Bitcoin platform in the world. 1552 01:20:15,280 --> 01:20:17,520 That is Bitcoin Well. And we want to make sure that 1553 01:20:17,520 --> 01:20:19,360 that happens very fast. Boom. 1554 01:20:19,360 --> 01:20:21,080 Boom. All right, Thomas, you literally 1555 01:20:21,080 --> 01:20:23,640 have no excuses, bro. I caught. 1556 01:20:23,680 --> 01:20:25,160 You. Yeah. 1557 01:20:25,520 --> 01:20:27,640 Or dude, stop taking on the zoomer I caught. 1558 01:20:27,720 --> 01:20:30,000 You I caught you in the beginning admitting that you 1559 01:20:30,000 --> 01:20:33,640 were using Coinbase. You know, transition to self 1560 01:20:33,640 --> 01:20:35,520 custody by default. Thomas, you could do it. 1561 01:20:35,560 --> 01:20:40,160 You could do it. All right, ladies and gentlemen, 1562 01:20:40,160 --> 01:20:44,440 Holy cow. All right, we're at 1743 live 1563 01:20:44,440 --> 01:20:49,200 viewers on Twitter, about 350 on YouTube, and about 674 on 1564 01:20:49,200 --> 01:20:50,880 Rumble. Shout out to a rumble audience. 1565 01:20:50,880 --> 01:20:53,240 I love rumble, man. Rumble makes me feel good. 1566 01:20:53,920 --> 01:20:56,840 Anyways, guys, if you are enjoying the show, smash that 1567 01:20:56,840 --> 01:20:59,000 like button. We really, really appreciate it 1568 01:20:59,000 --> 01:21:01,640 helps convince the algos that we're doing something right. 1569 01:21:02,120 --> 01:21:04,640 Anyways, guys, if you enjoyed the show, you know what to do. 1570 01:21:04,640 --> 01:21:06,680 Smash that like button. Consider subscribing if you feel 1571 01:21:06,680 --> 01:21:08,560 like we provided you value. But the number one thing you 1572 01:21:08,560 --> 01:21:11,400 could do to push this peaceful Bitcoin revolution is share 1573 01:21:11,400 --> 01:21:13,160 Bitcoin content, Share Bitcoin culture. 1574 01:21:13,160 --> 01:21:16,000 Just get the message out there. I also want to thank our very 1575 01:21:16,000 --> 01:21:21,760 special guest, the EO and founder of Bitcoin L, the first 1576 01:21:21,760 --> 01:21:24,800 Bitcoin on ramp in the United States to have self custody by 1577 01:21:24,800 --> 01:21:27,040 default of the heart. Wow. 1578 01:21:30,920 --> 01:21:32,160 All right, guys, that was our show. 1579 01:21:32,520 --> 01:21:35,560 Oh, that's happened to me before Camera dies. 1580 01:21:37,040 --> 01:21:38,400 All right, guys, if you enjoyed the show, you do. 1581 01:21:38,440 --> 01:21:39,880 I already said it. Smash the like button. 1582 01:21:39,880 --> 01:21:42,560 We'll see you tomorrow for a brand new episode of Simply 1583 01:21:42,560 --> 01:21:45,720 Bitcoin Live and back next week for the IRL. 1584 01:21:45,720 --> 01:21:48,560 And stay tuned because Ruston's going to come in hot with some 1585 01:21:48,560 --> 01:21:50,200 Simply Bitcoin originals as well. 1586 01:21:50,480 --> 01:21:51,800 Love you guys. Take care. 1587 01:21:51,800 --> 01:21:53,440 I'll see you tomorrow. Peace out, everybody. 1588 01:21:55,920 --> 01:21:59,520 Episode was brought to you by bitcoinwell.com, a Bitcoin only 1589 01:21:59,520 --> 01:22:02,680 platform on a mission to enable financial independence.