1 00:00:08,320 --> 00:00:11,320 It's all going to zero against Bitcoin. 2 00:00:11,960 --> 00:00:20,880 It's. Going up forever, you're. 3 00:00:20,880 --> 00:00:22,960 Against Bitcoin, you're against freedom. 4 00:00:25,560 --> 00:00:28,680 Yeah, welcome to another episode of Simply Bitcoin Live. 5 00:00:28,680 --> 00:00:31,520 We are your number one source for the peaceful Bitcoin 6 00:00:31,520 --> 00:00:33,240 revolution. We cover breaking news, culture, 7 00:00:33,240 --> 00:00:35,120 Matic Warfare. We will be your guide through 8 00:00:35,120 --> 00:00:38,240 the separation of money and state This entire week. 9 00:00:38,240 --> 00:00:43,520 We usually don't cover a single news topic for, you know, a 10 00:00:43,520 --> 00:00:46,080 considerable amount of time, right? 11 00:00:46,080 --> 00:00:51,680 Usually what we do is we spend maybe a day, two days Max, but 12 00:00:51,680 --> 00:00:54,440 it was a pretty pretty, you know. 13 00:00:55,400 --> 00:01:02,040 Pretty unique was pretty unique circumstances this week with the 14 00:01:02,040 --> 00:01:08,760 legacy media being used essentially as propaganda to to 15 00:01:08,760 --> 00:01:13,880 justify these crazy fin CEN proposals. 16 00:01:15,000 --> 00:01:18,800 And of course, we all know now we know that I think Elizabeth 17 00:01:18,800 --> 00:01:20,920 Warren had a lot to do with all of this. 18 00:01:21,680 --> 00:01:23,600 What I didn't think was going to happen. 19 00:01:24,480 --> 00:01:29,640 Was the amount of pushback, the Bitcoin immune system reacting 20 00:01:29,640 --> 00:01:32,840 as viciously as it did? And it really, it made me 21 00:01:32,840 --> 00:01:36,960 really, really happy. Because not only was it Sam 22 00:01:36,960 --> 00:01:41,600 Callahan's tweet, you got 5000 likes, OK, that that is an 23 00:01:41,600 --> 00:01:44,520 insane amount of engagement on Twitter. 24 00:01:45,560 --> 00:01:50,080 So obviously, if you get that type of engagement, the topic 25 00:01:50,080 --> 00:01:52,480 that you're talking about resonates with people. 26 00:01:54,960 --> 00:02:01,720 And then that's Bitcoin Twitter. OK, but in the Banking Senate 27 00:02:01,720 --> 00:02:08,479 Committee yesterday, multiple people called out Elizabeth 28 00:02:08,479 --> 00:02:12,760 Warren's BS. They called out the Wall Street 29 00:02:12,760 --> 00:02:18,680 Journal's BS. So I think they're gonna have a 30 00:02:18,840 --> 00:02:24,160 much harder time. Imposing the that FIN CELP, that 31 00:02:24,160 --> 00:02:29,840 FIN CEN proposal, right and that FIN CEN proposal was it was so 32 00:02:29,840 --> 00:02:34,400 broad it included stuff like single use addresses, right? 33 00:02:34,400 --> 00:02:37,520 Which is like by default how Bitcoin wallets are set up. 34 00:02:37,520 --> 00:02:40,040 That's like privacy bed best practices. 35 00:02:40,200 --> 00:02:42,920 It would fall under that FIN CEN proposal. 36 00:02:42,920 --> 00:02:44,320 And of course, this was on purpose. 37 00:02:44,480 --> 00:02:49,840 This was to circumvent the legislative process, right? 38 00:02:50,240 --> 00:02:52,800 To make no mistake, this was an attack on Bitcoin. 39 00:02:52,800 --> 00:02:57,000 What they needed was a crisis. And that's why I read you guys 40 00:02:57,000 --> 00:02:59,280 that famous quote by Winston Churchill, who was the Prime 41 00:02:59,280 --> 00:03:02,400 Minister of the United Kingdom during World War 2, never let a 42 00:03:02,400 --> 00:03:05,800 good crisis go to waste. They needed that crisis. 43 00:03:06,760 --> 00:03:09,520 And in American history, this has happened before. 44 00:03:10,120 --> 00:03:14,880 Back in 2001, you know, with the terrorist attacks, the Patriot 45 00:03:14,880 --> 00:03:20,040 Act was was introduced into law. Which the by the way, the the 46 00:03:20,040 --> 00:03:23,800 FIN CEN proposal is using the the Patriot Act to implement 47 00:03:23,800 --> 00:03:26,080 this. It's like literally mentioned in 48 00:03:26,080 --> 00:03:32,040 the proposal but also the new the New York Times released an 49 00:03:32,040 --> 00:03:36,040 article back in the 2000s that claimed that Iraq had weapons of 50 00:03:36,040 --> 00:03:39,680 mass destruction. Later we found out that that 51 00:03:40,080 --> 00:03:43,920 article, that information was total bogus and that information 52 00:03:43,920 --> 00:03:47,040 actually came from the intelligence agencies 53 00:03:47,040 --> 00:03:50,280 themselves. So history doesn't repeat, but 54 00:03:50,280 --> 00:03:53,040 it often rhymes. What I saw this week was a very 55 00:03:53,040 --> 00:04:02,120 similar play, using a legacy media institution to propagate a 56 00:04:02,120 --> 00:04:05,800 false narrative and using that false narrative as a 57 00:04:05,800 --> 00:04:08,560 justification to take the way take away the freedoms of 58 00:04:08,560 --> 00:04:13,120 Americans. What was different between 2000? 59 00:04:14,200 --> 00:04:17,880 12000 the early 2000s and now is social media. 60 00:04:18,640 --> 00:04:23,040 So now people were able to talk back to refute the BS in real 61 00:04:23,040 --> 00:04:24,920 time. And that's exactly what 62 00:04:24,920 --> 00:04:27,600 happened. And I think that quick reaction, 63 00:04:27,600 --> 00:04:32,440 that quick response was the reason that Elizabeth Warren's 64 00:04:32,440 --> 00:04:35,840 narrative and the Wall Street Journal's narrative was 65 00:04:35,840 --> 00:04:38,920 absolutely massacred yesterday in Congress. 66 00:04:38,920 --> 00:04:40,920 We have a couple clips for you guys. 67 00:04:41,480 --> 00:04:45,160 Of Congress people even saying look this is BS right? 68 00:04:45,560 --> 00:04:49,560 So at least there's some good news because I'm not gonna lie, 69 00:04:49,560 --> 00:04:53,800 you know, I I I covered this yesterday multiple times on cafe 70 00:04:54,400 --> 00:04:57,840 on simply on BTC sessions on simply sessions and then I 71 00:04:57,840 --> 00:05:02,560 covered it on an unconfiscatable spaces at later on later in the 72 00:05:02,560 --> 00:05:06,200 evening four times. And I was just like, wow, this 73 00:05:06,200 --> 00:05:09,600 is, this is. They're not effing around with 74 00:05:09,600 --> 00:05:13,040 this proposal, right? But I was pleasantly surprised 75 00:05:13,040 --> 00:05:19,040 the reaction by the Bitcoin community then that led to, you 76 00:05:19,040 --> 00:05:22,920 know, the reaction from certain Congress members saying, you 77 00:05:22,920 --> 00:05:25,960 know, basically the report was BS, right? 78 00:05:25,960 --> 00:05:27,520 So there is a happy ending to this. 79 00:05:27,720 --> 00:05:29,840 Let's see how, you know, it all culminates. 80 00:05:29,840 --> 00:05:33,200 But what it looks like right now from my perspective, is that 81 00:05:33,200 --> 00:05:37,680 Elizabeth Warren's attack on Bitcoin backfired in epic 82 00:05:37,680 --> 00:05:40,120 proportions. This isn't just me saying this, 83 00:05:40,120 --> 00:05:41,840 Pierre. Richard said this as well. 84 00:05:43,000 --> 00:05:45,760 And you know I'm not gonna lie that puts a puts a smile on my 85 00:05:45,760 --> 00:05:48,400 face. Anyone who's against Bitcoin is 86 00:05:48,400 --> 00:05:49,920 against freedom. You guys know the drill. 87 00:05:50,160 --> 00:05:52,760 All right, I'm gonna wanna. I wanna bring up my legendary Co 88 00:05:52,760 --> 00:05:57,080 host always optimistic brother in arm in the trenches with me 89 00:05:57,080 --> 00:05:58,720 every single day. How you doing, Opti? 90 00:05:59,080 --> 00:06:02,640 What's up guys? We're back, as you can see. 91 00:06:05,640 --> 00:06:08,760 As you can see I had enough time to get my caffeine intake in. 92 00:06:09,320 --> 00:06:11,400 I'm back home. I got the green screen. 93 00:06:11,520 --> 00:06:14,200 It was a it was a fun time back home with my family. 94 00:06:14,480 --> 00:06:16,360 Good to see all all sides of my family. 95 00:06:16,360 --> 00:06:19,920 But hey, we're back here. We're hanging out. 96 00:06:19,920 --> 00:06:24,720 I got, I got time to make sure my my blood has a good caffeine 97 00:06:24,720 --> 00:06:27,000 to blood ratio. So we're good to go. 98 00:06:27,000 --> 00:06:30,360 We're good to go. But yeah, man, Nico, actually, 99 00:06:30,360 --> 00:06:31,880 I'll, I'll say no. I'll say no. 100 00:06:32,720 --> 00:06:35,360 I'm so glad that Elizabeth Warren backed this stuff because 101 00:06:35,360 --> 00:06:38,440 everything she touches just burns and goes up in ashes. 102 00:06:38,640 --> 00:06:41,840 And you know, I I know I tell you guys constantly that Brad 103 00:06:41,840 --> 00:06:43,360 Sherman is my favorite politician. 104 00:06:43,640 --> 00:06:46,240 But I I'm starting to lean that maybe Elizabeth Warren is my 105 00:06:46,240 --> 00:06:49,120 favorite politician. Because her screeching and and 106 00:06:49,120 --> 00:06:53,360 her absolute fear of what Bitcoin can do for humanity is 107 00:06:53,360 --> 00:06:57,240 just it's so glorious to see it get just, you know, slap back in 108 00:06:57,240 --> 00:06:59,120 her face. But but we'll go through all of 109 00:06:59,120 --> 00:07:02,360 the details for you guys and on today's culture. 110 00:07:02,360 --> 00:07:05,600 I think I just might have just figured out Opti's. 111 00:07:05,680 --> 00:07:12,440 It's my another one of Oxy. This is my next makeup, she. 112 00:07:12,800 --> 00:07:16,800 Was like, was it? Was she before yelling or before 113 00:07:16,800 --> 00:07:19,920 Augustine? You know, I'm just trying to 114 00:07:19,920 --> 00:07:23,320 climb up the cantion ladder as much as possible. 115 00:07:23,320 --> 00:07:25,640 I'm not starting that meme. OK? 116 00:07:25,640 --> 00:07:28,680 The Chrissy meme? Open Pandora's box. 117 00:07:28,960 --> 00:07:30,800 I'm not starting that. Anyways, what are you going to 118 00:07:30,800 --> 00:07:32,800 talk about during the culture? I'm just trying to get close to 119 00:07:32,800 --> 00:07:34,800 the money printer. Whatever I got to do, I'm trying 120 00:07:34,800 --> 00:07:36,720 to be a good cantion. Fiat Insider. 121 00:07:36,720 --> 00:07:39,240 Guys, this is the game. Don't you understand the game? 122 00:07:39,240 --> 00:07:41,960 I'm just trying to play it. All right guys, sorry for 123 00:07:41,960 --> 00:07:44,600 blowing your eardrums. I I guess I'm jacked up this 124 00:07:44,600 --> 00:07:47,480 morning again. Anyways Anyways culture we got 125 00:07:47,480 --> 00:07:50,520 to we got to good guess James AKA Bitcoin farmers market. 126 00:07:50,520 --> 00:07:54,880 Let's bring him in. He's doing circular economy a 127 00:07:54,880 --> 00:07:57,960 farmer's market in Bitcoin Beach in El Salvador. 128 00:07:57,960 --> 00:08:00,480 Love to see it but we'll we'll get all into that during the 129 00:08:00,480 --> 00:08:01,800 culture. James, how you doing this 130 00:08:01,800 --> 00:08:03,760 morning? Good morning, lad. 131 00:08:04,080 --> 00:08:06,520 Yeah, I'm doing good, thanks. How are you doing? 132 00:08:06,520 --> 00:08:08,080 Wonderful, bro. Doing wonderful. 133 00:08:08,440 --> 00:08:10,600 Thanks for joining us, man. We really, really appreciate you 134 00:08:10,600 --> 00:08:13,480 coming on the show. Huge fan of the Bitcoin beach 135 00:08:13,480 --> 00:08:16,760 project and really excited to talk about what you're talking 136 00:08:16,760 --> 00:08:18,480 about, I mean what you're working on these days. 137 00:08:18,480 --> 00:08:20,360 That's what the culture is all about. 138 00:08:20,360 --> 00:08:23,840 To highlight Bitcoiners from all walks of life from everywhere 139 00:08:23,840 --> 00:08:27,320 around the world and really highlight their contributions to 140 00:08:27,320 --> 00:08:29,120 Bitcoin, their insights to Bitcoin. 141 00:08:29,440 --> 00:08:32,400 Their perspectives on Bitcoin cuz every single human being. 142 00:08:32,400 --> 00:08:38,159 Even though we might come to the same conclusion, we all approach 143 00:08:38,159 --> 00:08:41,480 Bitcoin from different perspectives based on our life 144 00:08:41,480 --> 00:08:43,880 experiences, right? Anyway, it's gonna be a great 145 00:08:43,880 --> 00:08:46,280 show. I'm absolutely pumped. 146 00:08:48,040 --> 00:08:50,960 I found out a couple things about what Simply is doing next 147 00:08:50,960 --> 00:08:53,960 year and I'm going to hold it in, I'm going to hold it in. 148 00:08:53,960 --> 00:08:57,480 But we got a lot of big plans for simply Bitcoin next year and 149 00:08:57,480 --> 00:09:00,880 I hope to see a lot of you guys in person while we do some of 150 00:09:00,880 --> 00:09:02,880 these trips. It's going to be a lot of fun. 151 00:09:03,120 --> 00:09:05,800 The having party is also going to be looks like we're going to 152 00:09:05,800 --> 00:09:07,360 be doing a lot of traveling next year. 153 00:09:07,360 --> 00:09:11,240 Opti, which has me extremely excited anyways. 154 00:09:11,240 --> 00:09:13,800 Anyways, everybody let's jump straight into the show. 155 00:09:13,800 --> 00:09:15,600 Like I said, we have a lot to talk about. 156 00:09:15,600 --> 00:09:21,480 Let's check it out. The Bitcoin numbers. 157 00:09:21,880 --> 00:09:24,760 Is your Bitcoin in cold storage really secure? 158 00:09:24,880 --> 00:09:27,440 Is your seed phrase really secure? 159 00:09:27,560 --> 00:09:29,120 Stamp seeds? Do it yourself. 160 00:09:29,120 --> 00:09:32,840 Kit has everything you need to hammer your seed words into 161 00:09:32,840 --> 00:09:37,120 commercial grade titanium plates instead of just writing them on 162 00:09:37,120 --> 00:09:39,920 paper. Don't store your generational 163 00:09:39,920 --> 00:09:43,200 wealth on paper. Papers prone to water damage. 164 00:09:43,200 --> 00:09:45,160 Fire damage. You want to put your 165 00:09:45,160 --> 00:09:48,280 generational wealth on one of the strongest metals on planet 166 00:09:48,280 --> 00:09:51,120 earth, Titanium. Your words are actually stamped 167 00:09:51,120 --> 00:09:54,680 into this metal plate with this hammer and these letter stamps. 168 00:09:54,720 --> 00:09:57,240 And once your words are in, they aren't going anywhere. 169 00:09:57,320 --> 00:10:00,960 No risk of the plate breaking apart and pieces falling 170 00:10:00,960 --> 00:10:03,400 everywhere. Titanium stamp seeds will 171 00:10:03,400 --> 00:10:06,360 survive nearly triple the heat produced by a house fire. 172 00:10:06,360 --> 00:10:09,520 They're also crush proof, waterproof, non corrosive, and 173 00:10:09,520 --> 00:10:11,440 time proof. All things that paper is. 174 00:10:11,560 --> 00:10:15,000 Not allowing you to huddle your Bitcoin with Peace of Mind for 175 00:10:15,080 --> 00:10:18,440 the long haul. Stamp your seed on stamp seed. 176 00:10:18,920 --> 00:10:22,600 All right guys, I made it super incredibly easy for you guys. 177 00:10:22,600 --> 00:10:26,560 Once again, you could scan the QR code on your screen right 178 00:10:26,560 --> 00:10:28,600 now, Take you directly to the stamp seed website. 179 00:10:28,600 --> 00:10:33,400 You can use promo code simply to get 15% off anything on their 180 00:10:33,400 --> 00:10:36,160 website. Don't store your generational 181 00:10:36,160 --> 00:10:39,480 wealth on paper. Store it on titanium. 182 00:10:39,480 --> 00:10:42,720 Oh God, I I think I. I regret it. 183 00:10:42,720 --> 00:10:44,360 I think the Chrissy meme was enough. 184 00:10:44,360 --> 00:10:47,520 But like that meme, dude, you throw me under the bus for 185 00:10:47,520 --> 00:10:49,520 everyone, bro. Oh man, oh man. 186 00:10:49,520 --> 00:10:54,080 Taking it for the team Opti. OK, at the time of recording I I 187 00:10:54,080 --> 00:10:59,160 can't the big one bugle. I'm just picturing God damn it 188 00:10:59,160 --> 00:11:00,720 what did I do? OK. 189 00:11:01,040 --> 00:11:07,080 At the time of recording, the Bitcoin price is 33,985 SAT's 190 00:11:07,080 --> 00:11:16,960 per dollar. 2942 Block height 814,083 blocks to having 25,917 191 00:11:17,120 --> 00:11:21,920 having estimate April 21st 2024 Total Lightning Network capacity 192 00:11:22,040 --> 00:11:28,680 5240 Bitcoin Capacity value 178,000,000 U.S. dollars 193 00:11:28,840 --> 00:11:33,520 Realized Monetary inflation One point. .74% The market 194 00:11:33,520 --> 00:11:39,960 capitalization of Bitcoin $663 billion Bitcoin versus gold 195 00:11:39,960 --> 00:11:44,680 market cap 4.97% the grand scheme of things. 196 00:11:44,680 --> 00:11:48,760 Bitcoin still a baby when Bitcoin reaches the market cap 197 00:11:48,760 --> 00:11:53,120 of gold and I say when and not if that will put one Bitcoin at 198 00:11:53,120 --> 00:11:57,440 five $500,000 per coin. In the grand scheme of things, 199 00:11:57,760 --> 00:12:01,440 Bitcoin is still a baby anyways. This is what I wanted to talk 200 00:12:01,440 --> 00:12:03,120 about today. This is the issue at hand, 201 00:12:03,560 --> 00:12:08,760 really. And you know, the Chad Sailor 202 00:12:08,760 --> 00:12:11,520 calls this the Cyber Hornets, the last line of defense for 203 00:12:11,520 --> 00:12:14,920 Bitcoin. And I felt like it was very 204 00:12:14,920 --> 00:12:20,400 appropriate, especially at first, is the Wall Street 205 00:12:20,400 --> 00:12:22,480 Journal. I was like, OK, maybe they got 206 00:12:22,480 --> 00:12:26,480 it wrong, but the fact that they didn't retract the article and 207 00:12:26,480 --> 00:12:29,720 the fact that the article was cited. 208 00:12:30,400 --> 00:12:31,680 In the letter to the White House. 209 00:12:32,240 --> 00:12:36,240 And some of the language in the article was actually used in the 210 00:12:36,240 --> 00:12:40,480 FIN CEN proposal. And the fact that we know 211 00:12:40,600 --> 00:12:45,520 Elizabeth Warren's bipartisan bill with Senator Marshall has 212 00:12:45,800 --> 00:12:49,480 very similar kind of, you know, maybe they're taking a different 213 00:12:49,480 --> 00:12:51,520 path, but the outcomes would be the same. 214 00:12:53,040 --> 00:12:58,160 Has my suspicions that I think Elizabeth Warren played a big 215 00:12:58,160 --> 00:13:01,600 role in this? It's not the first time that the 216 00:13:01,600 --> 00:13:07,400 legacy media has given her a platform her media allies When 217 00:13:07,400 --> 00:13:13,200 Russia invaded Ukraine, we had a very similar article coming out 218 00:13:13,320 --> 00:13:16,880 from the New York Times essentially saying that 219 00:13:17,480 --> 00:13:20,760 Elizabeth Warren thinks that Russia's going to use crypto to 220 00:13:20,760 --> 00:13:23,880 circumvent U.S. sanctions. Right. 221 00:13:24,320 --> 00:13:26,280 But I guess that crisis wasn't enough. 222 00:13:26,280 --> 00:13:28,840 I guess they needed a bigger crisis, right? 223 00:13:29,080 --> 00:13:31,640 They needed a more, a bigger emotional response. 224 00:13:31,920 --> 00:13:35,960 But the fact that they're going to these lengths tells me that 225 00:13:36,320 --> 00:13:38,160 they're worried. They're scared. 226 00:13:39,600 --> 00:13:44,080 Also, Chrissy Lagarde's you know, meme video basically 227 00:13:44,080 --> 00:13:47,400 saying the digital hero is coming and it's here to stay, 228 00:13:47,400 --> 00:13:50,440 right? That tells me that I think that 229 00:13:50,440 --> 00:13:53,120 they understand they're under, they're they're, they're on the 230 00:13:53,120 --> 00:13:55,160 clock. And they're trying to roll this 231 00:13:55,160 --> 00:13:58,360 out as much as possible. And that tells me that we're 232 00:13:58,360 --> 00:14:00,200 winning. That tells me that we're over 233 00:14:00,360 --> 00:14:03,440 the target. Well, let's talk about the 234 00:14:03,440 --> 00:14:05,720 backfire cuz that's what we're gonna talk about today. 235 00:14:06,200 --> 00:14:09,280 So here's Pierre Richard. And he says Elizabeth Warren 236 00:14:09,280 --> 00:14:11,600 spread disinformation to exploit a crisis. 237 00:14:12,080 --> 00:14:15,920 It's backfiring and now undermines her misguided anti 238 00:14:15,920 --> 00:14:19,560 Bitcoin agenda. Here's another one. 239 00:14:21,200 --> 00:14:26,400 Neeraj he's part he's part of Coin Center which is a crypto 240 00:14:26,400 --> 00:14:29,840 lobbying arm right the Bitcoin Policy Institute shout out David 241 00:14:29,840 --> 00:14:32,560 Zell is the is the Bitcoin lobbying arm. 242 00:14:33,200 --> 00:14:35,720 But sometimes you know the incentives do align not on 243 00:14:35,720 --> 00:14:39,680 everything but coin Center was has been there for a while, and 244 00:14:39,680 --> 00:14:43,160 at least it presented some type of voice in in Washington, DC. 245 00:14:44,680 --> 00:14:46,880 He said. Watching the Senate Banking, 246 00:14:47,160 --> 00:14:50,560 banking hearing on Hamas financing, I must say it was 247 00:14:50,560 --> 00:14:54,480 refreshing to see the panel of expert witnesses repeatedly Fact 248 00:14:54,480 --> 00:14:57,720 Check Senator Warren's assertions that crypto should be 249 00:14:57,720 --> 00:15:00,680 the focus in combating Hamas funding. 250 00:15:02,080 --> 00:15:05,920 Now let's check out some of these clips because it was an 251 00:15:05,920 --> 00:15:09,400 absolute massacre. So let's check out this first 252 00:15:09,400 --> 00:15:12,200 one. It is by Senator Haggerty. 253 00:15:13,440 --> 00:15:15,680 Let's check it out. And another thing, guys, pay 254 00:15:15,680 --> 00:15:18,880 attention, right? You, Raj said. 255 00:15:19,040 --> 00:15:22,000 Senator Warren's assertions, right. 256 00:15:22,560 --> 00:15:28,080 And again, once you connect the dots, you know, did Senator 257 00:15:28,080 --> 00:15:31,800 Warren have something to do with that Wall Street Journal 258 00:15:31,800 --> 00:15:34,640 article? No way to know for sure. 259 00:15:35,120 --> 00:15:38,520 But again, lots of coincidences are happening these days. 260 00:15:39,520 --> 00:15:42,440 So anyways, let's see what Senator Haggerty has to say. 261 00:15:43,200 --> 00:15:45,320 The Wall Street Journal recently reported that Hamas and 262 00:15:45,320 --> 00:15:51,200 Palestine Islamic Jihad since 2021 have received roughly $130 263 00:15:51,200 --> 00:15:55,120 million in crypto financing via offshore exchanges and platforms 264 00:15:55,120 --> 00:15:58,240 like finance. It's important to note that 265 00:15:58,240 --> 00:16:02,080 these figures are disputed and per independent analysis that 266 00:16:02,080 --> 00:16:04,920 was released just this week, could be overestimated by as 267 00:16:04,920 --> 00:16:08,760 much as 99%. The data analytics firm cited in 268 00:16:08,760 --> 00:16:11,840 this Wall Street Journal report has even disputed the estimates 269 00:16:11,840 --> 00:16:14,200 that were reported. Stating that there is no 270 00:16:14,200 --> 00:16:18,000 evidence to suggest that Hamas fundraised anything close to 271 00:16:18,000 --> 00:16:23,160 this $130 million reported, make no mistake, any such funding is 272 00:16:23,160 --> 00:16:25,560 unconscionable and should be addressed in a thoughtful, 273 00:16:25,560 --> 00:16:28,200 targeted way in order to choke off these terrorists. 274 00:16:28,840 --> 00:16:31,920 But we should do this without pushing the crypto industry 275 00:16:31,920 --> 00:16:35,080 overseas. In this case, we need a scalpel, 276 00:16:35,200 --> 00:16:38,480 not a sledgehammer, the Wall Street Journal recently 277 00:16:38,480 --> 00:16:42,280 reported. In this case, we need a scalpel 278 00:16:42,280 --> 00:16:44,800 on a sledgehammer. And make no mistake, the Fin CEN 279 00:16:44,800 --> 00:16:51,920 proposal is a sledgehammer. Now, that discrepancy #99%. 280 00:16:52,760 --> 00:16:54,680 How did this senator get that number? 281 00:16:54,680 --> 00:16:58,360 That is the same number that Sam Callahan reached with his viral 282 00:16:58,360 --> 00:17:01,360 tweet. That is the same number. 283 00:17:01,360 --> 00:17:05,760 Roughly the same number that Preston Pish reached in his 284 00:17:05,760 --> 00:17:08,880 article that he released for Bitcoin Magazine. 285 00:17:10,560 --> 00:17:16,400 So clearly, make no mistakes. The efforts of all of you guys 286 00:17:16,400 --> 00:17:21,960 on social media to bring attention to this at the speed 287 00:17:22,079 --> 00:17:24,680 that it that it happened in, right? 288 00:17:24,680 --> 00:17:27,200 Because remember, before social media we would not. 289 00:17:27,200 --> 00:17:30,800 We would have to go through those gatekeepers of information 290 00:17:30,960 --> 00:17:34,440 and hope to God that they would find the story interesting and 291 00:17:34,440 --> 00:17:36,640 then publish it. But. 292 00:17:37,200 --> 00:17:41,560 The community, the Bitcoin immune system, reacted very, 293 00:17:41,560 --> 00:17:46,160 very, very quickly. So it wasn't only Senators. 294 00:17:46,200 --> 00:17:50,840 Haggerty here is another expert and let's see what she has to 295 00:17:50,840 --> 00:17:53,560 say. So Senator, that was Segar 296 00:17:53,560 --> 00:17:55,520 Haggerty. That was an actual politician. 297 00:17:55,800 --> 00:17:59,520 Here is an expert who is offering testimony. 298 00:18:00,000 --> 00:18:04,440 Let's don't lose sight and focus from the big picture crypto. 299 00:18:04,960 --> 00:18:07,720 Is currently a very small part of the puzzle. 300 00:18:08,080 --> 00:18:12,560 The major funding channels are where and remain state funding, 301 00:18:12,920 --> 00:18:15,840 Iran and others that those are the major players. 302 00:18:16,360 --> 00:18:19,520 Most of the funds are still being transferred by the 303 00:18:19,520 --> 00:18:24,400 traditional channels that we all know from the past Banks, money 304 00:18:24,400 --> 00:18:27,440 transmitter payment system, hawala, money exchange, trade 305 00:18:27,440 --> 00:18:31,680 based tourism financing, charity, cash shell companies 306 00:18:31,720 --> 00:18:35,160 and crypto. The effort should be global and 307 00:18:35,160 --> 00:18:38,480 focus on imposing global sanctions on Hamas and their 308 00:18:38,480 --> 00:18:41,000 sponsors, as was the case with ISIS. 309 00:18:41,680 --> 00:18:44,560 Let's don't lose sight and focus from the big. 310 00:18:45,440 --> 00:18:49,400 OK, lots of breakdown there, right? 311 00:18:50,800 --> 00:18:54,440 The vast majority of the funding, and it's not coming 312 00:18:54,440 --> 00:19:00,320 from crazy bitcoiners online, came from what the traditional 313 00:19:00,320 --> 00:19:05,680 financial system. It did not come from, they say, 314 00:19:05,680 --> 00:19:08,720 crypto Bitcoin. You guys know the deal. 315 00:19:09,680 --> 00:19:15,440 So yeah, like what? What else do you got to know at 316 00:19:15,440 --> 00:19:19,120 that point? Like, clearly, clearly, the fact 317 00:19:19,120 --> 00:19:23,520 that the Wall Street Journal has not retracted the article or 318 00:19:23,520 --> 00:19:27,400 offered a correction, even though the analytics that they 319 00:19:27,400 --> 00:19:31,800 used, the own analytics company said, wait a second, you 320 00:19:31,800 --> 00:19:36,880 misrepresented the information. The fact that they haven't 321 00:19:36,880 --> 00:19:40,720 retracted it tells you everything you need to know. 322 00:19:40,920 --> 00:19:44,640 That article was pivotal in their strategy. 323 00:19:45,160 --> 00:19:49,440 To try to shove down the throats, this fin CEN proposal, 324 00:19:49,560 --> 00:19:54,320 which would circumvent the normal legislative process, 325 00:19:54,560 --> 00:19:58,920 which they know they can't pass because they don't have enough 326 00:19:58,920 --> 00:20:03,240 support, the the Republicans barely have a majority in the 327 00:20:03,240 --> 00:20:05,800 House and the Senate, same thing. 328 00:20:05,800 --> 00:20:08,960 The Democrats barely have a majority, right. 329 00:20:09,480 --> 00:20:13,720 So it's just crazy that, like, you know, we've reached this 330 00:20:13,720 --> 00:20:16,400 point. Where they find it so 331 00:20:16,400 --> 00:20:20,800 threatening, they're willing to go to these types of lengths to 332 00:20:20,800 --> 00:20:24,680 try to get their way. This is the separation of money 333 00:20:24,680 --> 00:20:27,320 and state. Buckle up and get ready for the 334 00:20:27,320 --> 00:20:29,000 ride. Take self custody. 335 00:20:29,000 --> 00:20:31,720 If enough people do it, we'll win and there's there's nothing 336 00:20:31,720 --> 00:20:35,760 they could do about it anyways. So I want to get our guest 337 00:20:35,760 --> 00:20:36,680 thoughts. James. 338 00:20:37,000 --> 00:20:40,880 I'm sure if you've been on Bitcoin, Twitter, or maybe 339 00:20:40,880 --> 00:20:43,000 you've been on the beach, maybe maybe this is the first time 340 00:20:43,000 --> 00:20:46,320 you're hearing about all this. Bit of both, bit of both. 341 00:20:46,320 --> 00:20:48,600 OK, so you've been on, if you've been on Bitcoin Twitter this 342 00:20:48,600 --> 00:20:52,960 past week, you definitely have definitely read up on what's 343 00:20:52,960 --> 00:20:56,360 been going on with all this. So my question to you is, does 344 00:20:56,360 --> 00:21:00,640 it surprise you at all? I wish I could say that it that 345 00:21:00,640 --> 00:21:05,560 it did, but no, I mean, they're painting a narrative here. 346 00:21:06,080 --> 00:21:09,760 They're threatened as, as you've said, they're never going to let 347 00:21:09,760 --> 00:21:13,800 a a good crisis go to waste. And if they can? 348 00:21:14,600 --> 00:21:18,920 Add to the regulatory burden. If they can introduce anything 349 00:21:18,920 --> 00:21:22,840 that's going to make something they consider a threat less 350 00:21:22,880 --> 00:21:25,440 viable, that's what they're going to do. 351 00:21:26,360 --> 00:21:30,920 Bless them, bring it on. But that that just seems to me 352 00:21:30,920 --> 00:21:35,560 to be what the the parasitic class do. 353 00:21:36,080 --> 00:21:41,200 They see something that is a threat to them and they will use 354 00:21:41,200 --> 00:21:43,360 underhanded means to kind of paint a narrative. 355 00:21:44,440 --> 00:21:49,240 Of why it's bad and and use that as a justification to to 356 00:21:49,240 --> 00:21:53,080 suppress it. 100 A hundred. Percent beautiful. 357 00:21:57,520 --> 00:21:59,800 Oh man. Opti, what's your take on this 358 00:21:59,800 --> 00:22:02,680 bro? Yeah, so let's go back to the 359 00:22:02,680 --> 00:22:04,800 beginning. First and foremost again, this 360 00:22:04,800 --> 00:22:07,600 is the opinions of Opti, not necessarily a representation of 361 00:22:07,600 --> 00:22:09,960 simply big coin. Liz Warren is a mouthpiece for 362 00:22:09,960 --> 00:22:11,600 big bank like convince me otherwise. 363 00:22:11,920 --> 00:22:15,040 But really, politicians, for the most part, I'll be generous 364 00:22:15,040 --> 00:22:17,040 here. For the most part are completely 365 00:22:17,040 --> 00:22:20,600 bought and paid for and I really wish we could have like a. 366 00:22:21,400 --> 00:22:23,760 You know, patches like race car drivers, so we can be 367 00:22:23,760 --> 00:22:26,760 transparent and see who you know, who's paid for and who's 368 00:22:26,760 --> 00:22:29,120 bought by who. That would make this so much 369 00:22:29,120 --> 00:22:32,080 easier. And I mean, we've been covering 370 00:22:32,080 --> 00:22:34,360 it for the last two weeks like misinformation is the norm, 371 00:22:34,360 --> 00:22:36,200 Guys. Like, here's why it's so 372 00:22:36,200 --> 00:22:39,120 important for all of us to make content and to have these 373 00:22:39,120 --> 00:22:42,000 conversations on the daily with our friends and family and and 374 00:22:42,000 --> 00:22:46,040 try to do our best to explain the real nature of the beast 375 00:22:46,040 --> 00:22:50,200 going on around here. And I saw a tweet yesterday and 376 00:22:50,200 --> 00:22:52,440 it really, it really hit home and then maybe the numbers are 377 00:22:52,440 --> 00:22:54,440 off a little bit, but it was something on the lines of 378 00:22:54,600 --> 00:23:00,040 mainstream media's job is to manufacture consent and make it 379 00:23:00,040 --> 00:23:03,960 seem like 90% of the population have the viewpoint of 10% of the 380 00:23:03,960 --> 00:23:06,760 population and it's probably less than 10%. 381 00:23:06,760 --> 00:23:10,520 But like, once you understand that this is the game here, you 382 00:23:10,520 --> 00:23:13,160 really start to look at the government propaganda or 383 00:23:13,160 --> 00:23:15,400 corporate propaganda a lot differently. 384 00:23:15,840 --> 00:23:18,320 And you realize just how much power independent content 385 00:23:18,320 --> 00:23:20,280 creators really have in today's world. 386 00:23:20,280 --> 00:23:23,640 And and I think a lot of us forget that independent content 387 00:23:23,640 --> 00:23:25,320 creators are, are the real signal. 388 00:23:25,320 --> 00:23:27,680 Like that's where the real conversation is happening. 389 00:23:27,840 --> 00:23:30,920 But people still for some reason believe the people on the suits 390 00:23:30,920 --> 00:23:34,280 on the television. But this just goes to show that 391 00:23:34,280 --> 00:23:37,720 Bitcoin is crossing that Rubycon into mainstream adoption, 392 00:23:37,720 --> 00:23:40,920 mainstream consciousness, and it's almost getting too big for 393 00:23:40,920 --> 00:23:42,280 for anyone. Well, it's. 394 00:23:42,640 --> 00:23:45,000 Already too big for anyone to control and stop it. 395 00:23:45,280 --> 00:23:47,160 But I mean, what's that guy's name? 396 00:23:47,160 --> 00:23:50,800 Haggardy or whatever? Like, shout out to that guy, you 397 00:23:50,800 --> 00:23:52,880 know, I don't know who he is. I've never heard of him before. 398 00:23:52,880 --> 00:23:55,720 But hey, he he's going to be on the right side of history. 399 00:23:55,720 --> 00:23:59,920 And it's just funny to me to to watch and hear the politicians 400 00:23:59,920 --> 00:24:04,040 try to grapple with Bitcoin. They're so used to their little, 401 00:24:04,520 --> 00:24:08,000 you know, walled gardens that that when this new technology, 402 00:24:08,000 --> 00:24:10,720 this change. It gets thrusted upon them like 403 00:24:10,720 --> 00:24:13,240 Bitcoin. They're just scrambling and try 404 00:24:13,240 --> 00:24:16,040 to figure out ways how they can distort the truth and distort 405 00:24:16,040 --> 00:24:19,240 this for their own benefit. And we're just here like yo. 406 00:24:19,560 --> 00:24:21,720 Bitcoin can't be stopped. You can't stop the truth. 407 00:24:21,720 --> 00:24:25,880 The truth wants to be set free. And you know, as a meme goes, 408 00:24:25,880 --> 00:24:28,320 Bitcoin is for anyone. Anyone can use Bitcoin. 409 00:24:28,320 --> 00:24:30,160 It is what it is. But the fact that they are 410 00:24:30,160 --> 00:24:33,240 manufacturing these lies just goes to show how afraid they 411 00:24:33,240 --> 00:24:36,800 really are of Bitcoin. And shouts out to Miss Wagman I 412 00:24:36,800 --> 00:24:39,440 believe was her name. She's stating the obvious that 413 00:24:39,440 --> 00:24:41,360 we always state here on simply Bitcoin. 414 00:24:41,360 --> 00:24:43,960 But she's you know at the halls of Congress or Senate or 415 00:24:43,960 --> 00:24:47,160 whatever that was saying what we always say on the show, you 416 00:24:47,160 --> 00:24:51,240 know, dollars are what criminals use the most guys it it's like 417 00:24:51,640 --> 00:24:55,880 this is the receipts. This is the standard quo and the 418 00:24:55,880 --> 00:24:57,600 more what do you always say, Nico? 419 00:24:57,880 --> 00:25:01,400 They project onto US. What what they themselves are 420 00:25:01,400 --> 00:25:05,040 doing and the more they project and the more they fear monger on 421 00:25:05,040 --> 00:25:08,320 Bitcoin and the more they go to try to ban Bitcoin, the more I 422 00:25:08,320 --> 00:25:11,080 just know we're doing exactly what we need to be doing by 423 00:25:11,080 --> 00:25:14,640 opting out of this and opting into Bitcoin and using a money a 424 00:25:14,640 --> 00:25:16,680 monetary network that is outside of their control. 425 00:25:16,920 --> 00:25:20,600 You know as the hike quote goes a sly roundabout way that they 426 00:25:20,600 --> 00:25:23,280 cannot control. This is the way guys we say it 427 00:25:23,280 --> 00:25:25,960 every single every single day. It's Bitcoin or slavery. 428 00:25:25,960 --> 00:25:29,920 It's a total CBDC central bank digital control mechanism or. 429 00:25:30,280 --> 00:25:32,400 It's freedom, money, Bitcoin on the other side. 430 00:25:32,680 --> 00:25:34,240 And we all have that choice today. 431 00:25:34,240 --> 00:25:37,080 And I think this is the most important choice to be doing to 432 00:25:37,080 --> 00:25:41,480 be making rather. And I think for our generation, 433 00:25:41,480 --> 00:25:44,200 I'm guessing that James is roughly A millennial. 434 00:25:44,200 --> 00:25:45,920 You look roughly around the same age as us. 435 00:25:46,360 --> 00:25:50,960 I think fighting for freedom on the monetary level is the most 436 00:25:50,960 --> 00:25:52,640 important thing to be doing for all of us. 437 00:25:52,640 --> 00:25:54,040 We've been saying this for a long time. 438 00:25:54,040 --> 00:25:56,720 You know, Bitcoin is purpose engineer, a better world. 439 00:25:57,640 --> 00:25:59,640 This is the most important fight to be doing. 440 00:25:59,920 --> 00:26:03,760 And yes, I know that for the most part bit corners are still 441 00:26:03,760 --> 00:26:08,800 kind of how would I say this, put in the corner. 442 00:26:08,840 --> 00:26:11,800 You know like just like toys that no one wants to play with. 443 00:26:11,800 --> 00:26:13,600 We're we're just like, Oh yeah, OK, whatever. 444 00:26:13,600 --> 00:26:15,840 You're on the dark web. You're you're one of those weird 445 00:26:15,840 --> 00:26:18,320 Internet nerds. Like no one cares what you're 446 00:26:18,320 --> 00:26:20,600 doing. It's becoming very clear that 447 00:26:20,600 --> 00:26:23,760 this is the fight, and more and more people are waking up to the 448 00:26:23,760 --> 00:26:26,600 fact that it's always about the money guys. 449 00:26:26,600 --> 00:26:29,720 It's always about the money. And now they can't control it. 450 00:26:29,720 --> 00:26:33,320 And so they will use whatever mechanism they can to control 451 00:26:33,320 --> 00:26:35,400 the narrative. They will try to manufacture 452 00:26:35,400 --> 00:26:38,000 consensus against Bitcoin, They will flood it. 453 00:26:38,080 --> 00:26:40,000 They will probably stack in private. 454 00:26:40,480 --> 00:26:44,400 And as number goes up they may endorse it but in the meantime 455 00:26:44,400 --> 00:26:47,040 this is the then they fight you stage and we are just in the 456 00:26:47,040 --> 00:26:51,920 early innings of that that saga. So prepare yourself, make sure 457 00:26:51,920 --> 00:26:55,280 your Bitcoin is off exchanges. Make sure you know like James 458 00:26:55,280 --> 00:26:57,840 will be talking about today. Make sure you're a part of the 459 00:26:57,840 --> 00:27:00,040 peer-to-peer economy however way you can. 460 00:27:00,240 --> 00:27:03,520 Like make sure you are protected because we know they will try 461 00:27:03,520 --> 00:27:06,600 their best to stop the on and off ramps to Bitcoin. 462 00:27:06,600 --> 00:27:08,680 So. Just make sure you're prepared 463 00:27:08,680 --> 00:27:09,880 for that. It is coming. 464 00:27:09,880 --> 00:27:13,040 It's a matter of time. Not, it's not if, it's just when 465 00:27:13,040 --> 00:27:18,040 and hopefully, you know, I I, I am hopeful here, slightly, 466 00:27:18,040 --> 00:27:21,160 slightly hopeful that the US will get their head out of their 467 00:27:21,160 --> 00:27:23,840 ass and they will stop trying to fight Bitcoin. 468 00:27:24,040 --> 00:27:26,920 This is freedom money. I thought we were a freedom 469 00:27:26,920 --> 00:27:29,360 nation and this is a global phenomenon. 470 00:27:29,360 --> 00:27:32,080 So look, I say it all the time You can't ban Bitcoin. 471 00:27:32,080 --> 00:27:33,680 You can only ban yourself from Bitcoin. 472 00:27:34,160 --> 00:27:39,600 And even though the US is the reigning empire of the world, it 473 00:27:39,600 --> 00:27:42,240 would benefit its citizens to embrace Bitcoin. 474 00:27:42,240 --> 00:27:45,240 And all I'm seeing is politicians and bureaucrats 475 00:27:45,240 --> 00:27:48,440 shoot themselves in the foot and hurt average everyday citizens. 476 00:27:48,440 --> 00:27:53,160 And it absolutely pisses me off 100%. 477 00:27:53,200 --> 00:27:55,240 I think you, I think you hit the nail on the head, man. 478 00:27:55,880 --> 00:27:58,520 It's not a government by the people, for the people. 479 00:27:58,520 --> 00:28:01,760 It's clearly Fiat has frankensteined it to a 480 00:28:01,760 --> 00:28:04,040 government by the government for the government. 481 00:28:05,160 --> 00:28:08,160 Thankfully this is one of the things that Bitcoin fixes. 482 00:28:08,160 --> 00:28:12,240 Anyways, I saw BJ Ditcher in the chat, had the pleasure to have 483 00:28:12,240 --> 00:28:14,480 dinner with him in Miami. So shout out BJ. 484 00:28:14,480 --> 00:28:16,720 Absolute absolute freedom fighter. 485 00:28:17,400 --> 00:28:20,040 So thanks for thanks for joining us today my friend. 486 00:28:20,280 --> 00:28:23,800 Anyways, I I do want to give a shout out to one of our 487 00:28:23,800 --> 00:28:26,240 sponsors. It's going to be the largest 488 00:28:26,240 --> 00:28:28,160 Bitcoin conference on planet earth. 489 00:28:28,320 --> 00:28:31,280 Bitcoin 2024. It's not going to be in Miami 490 00:28:31,280 --> 00:28:32,560 this year. It's going to be in Nashville, 491 00:28:32,560 --> 00:28:35,360 TN the year of the halving. You definitely don't want to 492 00:28:35,360 --> 00:28:37,920 miss the Bitcoin conference. The year of the halving, it's 493 00:28:37,920 --> 00:28:40,920 July 25th through the 27th, 2024. 494 00:28:40,920 --> 00:28:43,560 You want to get your tickets quickly before the prices go up. 495 00:28:43,560 --> 00:28:47,160 For Aga ticket, it's only 349 for an industry pass that gives 496 00:28:47,160 --> 00:28:49,000 you access to three days of the conference. 497 00:28:49,000 --> 00:28:52,880 Including Industry Day, it's only 849 and for a Whale pass 498 00:28:52,880 --> 00:28:55,840 it's 4749. That will give you access to the 499 00:28:55,840 --> 00:29:00,640 Deep Backstage VIP Lounge. You'll see your favorite you 500 00:29:00,640 --> 00:29:03,320 know legendary bitcoiners and speakers just kind of hanging 501 00:29:03,320 --> 00:29:07,960 out there and and and you know, chilling Bitcoin 2023. 502 00:29:08,160 --> 00:29:10,840 I, you know, I got to take a picture with Tulsi Gabbard, 503 00:29:10,840 --> 00:29:14,400 shake her hands, you know, in in the in the deep Backstage VIP 504 00:29:14,400 --> 00:29:15,600 lounge. So that was really cool. 505 00:29:16,000 --> 00:29:18,520 Opti and I will be there at Bitcoin 2024. 506 00:29:18,520 --> 00:29:21,000 It's going to be the biggest Bitcoin celebration of the year. 507 00:29:21,000 --> 00:29:24,280 You can use promo code simply to get 10% off your tickets. 508 00:29:24,480 --> 00:29:27,320 You don't want to miss it. But anyways guys, no more delay. 509 00:29:27,320 --> 00:29:28,880 Let's jump straight into the news. 510 00:29:34,440 --> 00:29:39,280 The Daily News I want to give a shout out to our sponsor, 511 00:29:39,280 --> 00:29:42,800 Foundation Devices. It's self custody done right. 512 00:29:42,800 --> 00:29:46,400 They built a premium grade hardware wallet called Passport 513 00:29:46,560 --> 00:29:49,440 right here in the US. It's fully open source and 514 00:29:49,440 --> 00:29:52,120 verifiable. It's the most intuitive Bitcoin 515 00:29:52,120 --> 00:29:56,000 wallet designed with the UX, reminiscent of a simple feature 516 00:29:56,000 --> 00:29:58,840 phone so you will know how to navigate it and use it the 517 00:29:58,840 --> 00:30:02,120 moment you pick it up. Get your Bitcoin off exchanges 518 00:30:02,120 --> 00:30:04,840 and into your into your own hands in just a few minutes. 519 00:30:04,840 --> 00:30:07,880 Experience the Peace of Mind that comes with taking ownership 520 00:30:07,920 --> 00:30:10,880 of your own keys. After a massive sell out during 521 00:30:10,880 --> 00:30:14,920 Bitcoin Miami 2023, the passport is back in stock at 522 00:30:14,920 --> 00:30:18,640 foundationdevices.com. Bitcoin only, open source, 523 00:30:18,640 --> 00:30:22,560 verifiable completely air gap security model, gorgeous design, 524 00:30:22,560 --> 00:30:25,920 craft premium grade materials. If you're thinking about getting 525 00:30:25,920 --> 00:30:28,520 your Bitcoin off exchange changes, this is the one for 526 00:30:28,520 --> 00:30:30,600 you. Check out the passport link in 527 00:30:30,600 --> 00:30:32,560 the show notes below to learn more. 528 00:30:33,640 --> 00:30:39,400 All right everybody. So the next two news topics are 529 00:30:39,400 --> 00:30:44,160 going to be seemingly unrelated, but they are related and there 530 00:30:44,160 --> 00:30:48,560 is really two attack vectors governments have against 531 00:30:48,560 --> 00:30:51,600 Bitcoin. Attack vector #1 is attacking 532 00:30:52,080 --> 00:30:54,880 Bitcoin's energy use. So they go after Bitcoin miners, 533 00:30:54,920 --> 00:30:56,640 right? We know what happened when the 534 00:30:56,640 --> 00:31:01,160 CCP banned Bitcoin mining within their borders, all the hash rate 535 00:31:01,160 --> 00:31:03,600 dropped by 50%. I believe that it was on 536 00:31:03,600 --> 00:31:05,040 purpose. I believe that's why we didn't 537 00:31:05,040 --> 00:31:08,760 hit 100K last cycle. But because of Bitcoin's 538 00:31:08,760 --> 00:31:13,280 incentives, those those miners migrated to more favourable 539 00:31:13,280 --> 00:31:15,520 jurisdictions. I think it was one of the 540 00:31:15,560 --> 00:31:19,320 biggest stress tests in Bitcoin's history and it also 541 00:31:19,320 --> 00:31:23,240 proved Bitcoin's irresistible incentive structure. 542 00:31:23,960 --> 00:31:26,840 That makes it very, very difficult to kill, right? 543 00:31:27,080 --> 00:31:30,720 Bitcoin literally pays you to keep it alive, right? 544 00:31:31,000 --> 00:31:32,640 Does Fiat pay you? No. 545 00:31:32,640 --> 00:31:35,080 I would say Fiat extorts you, if anything. 546 00:31:37,120 --> 00:31:39,120 And then the second attack vector, which is what we're 547 00:31:39,120 --> 00:31:46,800 going to focus on today and is the the the right to self 548 00:31:46,800 --> 00:31:48,960 custody. The self custody aspect. 549 00:31:49,400 --> 00:31:52,600 This is why it's so important. So take your keys into self 550 00:31:52,600 --> 00:31:53,960 custody. You made it easy for you guys. 551 00:31:53,960 --> 00:31:56,920 You can scan the QR code on your screen, go directly to the 552 00:31:56,920 --> 00:31:59,760 foundation website, you can get yourself a passport hardware 553 00:31:59,760 --> 00:32:02,280 wallet, not your keys, not your Bitcoin. 554 00:32:03,280 --> 00:32:10,160 So I'll break it down like this. In the 30s in the United States, 555 00:32:10,160 --> 00:32:13,400 when they passed the six, one FDR passed the six. 556 00:32:13,600 --> 00:32:16,120 The 6102 order with an executive order. 557 00:32:16,120 --> 00:32:19,760 It was Congress after the fact that really made it a pass it 558 00:32:19,760 --> 00:32:22,840 into law. It was an executive order that 559 00:32:22,840 --> 00:32:27,600 made holding gold illegal for American citizens. 560 00:32:28,800 --> 00:32:32,440 The reason that they were, the the reason they were able to do 561 00:32:33,640 --> 00:32:38,840 that so successfully was because of gold's physical 562 00:32:38,840 --> 00:32:42,280 characteristics. Because of gold's physical 563 00:32:42,280 --> 00:32:46,840 characteristics there was centralization. 564 00:32:46,840 --> 00:32:52,200 Anyone that held a considerable amount of gold held it in vaults 565 00:32:52,280 --> 00:32:55,720 in bank vaults, right? So all the government had to do 566 00:32:55,720 --> 00:32:59,640 is they passed this law from one day to the other, and then all 567 00:32:59,640 --> 00:33:04,320 the gold that were in vaults that belonged to people all of a 568 00:33:04,320 --> 00:33:06,720 sudden belonged to the government. 569 00:33:09,000 --> 00:33:12,800 That sounds like theft to me. But hey, you know what? 570 00:33:13,440 --> 00:33:16,720 I guess it was legal and there was a thing, but that sounds 571 00:33:16,720 --> 00:33:19,760 like theft, right? And then what were American 572 00:33:19,760 --> 00:33:22,320 citizens hell gave given back in return. 573 00:33:22,600 --> 00:33:26,400 They were given back dollars, paper, paper money, right. 574 00:33:27,320 --> 00:33:29,760 So those are the two attack vectors. 575 00:33:29,880 --> 00:33:32,320 I think they're not gonna be as successful with the first one, 576 00:33:32,320 --> 00:33:36,400 with the mining one, the energy use one, because the fact is 577 00:33:36,400 --> 00:33:40,760 that mining, Bitcoin mining makes otherwise useless energy, 578 00:33:40,760 --> 00:33:43,560 stranded energy. You're able to monetize it 579 00:33:43,560 --> 00:33:46,960 because of mining. I would say that mining makes 580 00:33:46,960 --> 00:33:50,120 renewable energies viable without government subsidy. 581 00:33:50,840 --> 00:33:54,240 And I would say that the incentives of mining are so 582 00:33:54,240 --> 00:33:58,240 strong that people are just going to keep relocating to more 583 00:33:58,240 --> 00:34:01,160 favorable jurisdictions. Look at what Max and Stacy are 584 00:34:01,160 --> 00:34:06,200 doing recently in El Salvador. They're in in Bitcoin country. 585 00:34:06,960 --> 00:34:09,719 They're setting up the Volcano Energy Initiative, where they're 586 00:34:09,719 --> 00:34:14,480 going to use El Salvador's renewable energy sources first. 587 00:34:14,480 --> 00:34:16,480 They're going to start with solar and wind, and then I'm 588 00:34:16,480 --> 00:34:19,280 sure they're going to migrate to geothermal and they're going to 589 00:34:19,280 --> 00:34:21,760 use some of that to mine Bitcoin. 590 00:34:21,800 --> 00:34:24,639 Last time I read it was a billion dollar initiative. 591 00:34:24,880 --> 00:34:27,440 So I'm not really worried about #1, even though that's the one 592 00:34:27,440 --> 00:34:30,120 that gets the most noise. But #2 is a little bit more 593 00:34:30,120 --> 00:34:34,920 sinister, which is they're going to make it difficult for people 594 00:34:34,920 --> 00:34:36,679 to withdraw. They're going to make it 595 00:34:36,679 --> 00:34:38,639 difficult for people to take self custody. 596 00:34:38,840 --> 00:34:40,880 They're going to demonize self custody. 597 00:34:41,560 --> 00:34:45,920 And you've heard this in the laws proposed by Elizabeth 598 00:34:45,920 --> 00:34:49,280 Warren, Senator Marshall under the guise of money laundering. 599 00:34:50,000 --> 00:34:52,840 And they literally mentioned unhosted wallet. 600 00:34:52,840 --> 00:34:54,679 There's a gap in unhosted wallet. 601 00:34:54,679 --> 00:34:57,360 So basically what they're saying is self custody is a problem. 602 00:34:57,920 --> 00:35:02,920 And then they really pulled the curtain when the the FIN CEN 603 00:35:02,920 --> 00:35:08,560 laws were, you know, were were proposed in the fin CEN laws, it 604 00:35:08,560 --> 00:35:14,400 literally says that every that you cannot use or they will 605 00:35:14,400 --> 00:35:18,440 make, they'll force you to report single use addresses. 606 00:35:19,760 --> 00:35:21,760 That's nothing to do with coin mixing. 607 00:35:22,640 --> 00:35:27,600 Single use that is by default how your Bitcoin wallet works, 608 00:35:28,520 --> 00:35:31,720 right? Literally every time you use a 609 00:35:31,720 --> 00:35:34,560 Bitcoin address and there's a balance there, your your wallet 610 00:35:34,560 --> 00:35:37,800 will automatically change to a new address. 611 00:35:39,080 --> 00:35:44,560 So it's so broad and it's brought on purpose to give them, 612 00:35:44,760 --> 00:35:48,800 like the senator said, not my words, an effing sledgehammer, 613 00:35:49,120 --> 00:35:55,000 right? So that being said, here's 614 00:35:55,000 --> 00:35:59,480 another move towards I think what is going to be the 615 00:35:59,480 --> 00:36:04,120 inevitable right, which is government's last step and last 616 00:36:04,120 --> 00:36:08,160 hope is to shut off the escape valves completely, right? 617 00:36:08,640 --> 00:36:12,120 And this is one more step in the United Kingdom to do just that. 618 00:36:12,840 --> 00:36:17,560 So here's an article by no BS. Bitcoin UK's law enforcement can 619 00:36:17,560 --> 00:36:20,680 now seize Bitcoin linked to criminal activity without 620 00:36:20,680 --> 00:36:23,360 conviction. The Economic Crime and Corporate 621 00:36:23,360 --> 00:36:26,400 Transparency Bill became law on Thursday after receiving the 622 00:36:26,400 --> 00:36:29,640 King's approval. Users with robust self custody 623 00:36:29,640 --> 00:36:34,520 set up remain unaffected. I can't emphasize this last part 624 00:36:34,520 --> 00:36:38,160 enough guys. The two Bitcoin companies that 625 00:36:38,480 --> 00:36:42,320 wants the some of our sponsors, right? 626 00:36:42,320 --> 00:36:45,680 We are very picky with the sponsors that we choose, right? 627 00:36:45,800 --> 00:36:48,880 We want to provide value for you guys as well, right? 628 00:36:49,040 --> 00:36:53,560 We literally have a way for you to take self custody. 629 00:36:53,560 --> 00:36:58,760 Robustly back up your seed, word on titanium, take self custody 630 00:36:58,760 --> 00:37:01,120 of your Bitcoin, get yourself a hardware wallet. 631 00:37:01,120 --> 00:37:03,640 Obviously we recommend the Passport by foundation. 632 00:37:05,560 --> 00:37:08,240 They can do all of this. They can do this with the 633 00:37:08,240 --> 00:37:10,960 BlackRock Spot ETF. They could do this with custody 634 00:37:10,960 --> 00:37:15,120 Bitcoin on an exchange. But remember the keyword in this 635 00:37:15,120 --> 00:37:17,880 is users with robust self custody set up remain 636 00:37:17,880 --> 00:37:21,760 unaffected. So anyways, goes on to say, 637 00:37:21,760 --> 00:37:24,720 quote provisions in the bill give broader powers to local 638 00:37:24,720 --> 00:37:28,240 cops and we'll let them seize crypto they believe was used in 639 00:37:28,240 --> 00:37:32,120 launder, launder, money traffic, drugs, commit cybercrime and 640 00:37:32,120 --> 00:37:37,240 terrorism without conviction. Do you guys see the pattern? 641 00:37:37,760 --> 00:37:43,160 That's an entirely different country, but they just pressed 642 00:37:43,160 --> 00:37:49,200 broad powers to give local cops and the government the ability 643 00:37:49,200 --> 00:37:54,720 to seize crypto under the guise of laundering, laundering, money 644 00:37:55,080 --> 00:37:59,640 trafficking, drugs, committing cybercrime and terrorism without 645 00:37:59,640 --> 00:38:01,560 conviction. Not legal. 646 00:38:01,560 --> 00:38:03,520 Not innocent until proven guilty. 647 00:38:03,760 --> 00:38:08,280 Guilty until proven innocent. Sometimes experts would come in 648 00:38:08,280 --> 00:38:11,360 handy, particularly in time sensitive cases. 649 00:38:11,800 --> 00:38:14,720 Prior to this law, digital assets linked to illegal 650 00:38:14,720 --> 00:38:19,200 activities were a were a subject to freezing, but couldn't be 651 00:38:19,200 --> 00:38:22,200 confiscated in criminal cases unless an individual has been 652 00:38:22,200 --> 00:38:27,600 arrested and convicted. So it like freezing. 653 00:38:27,600 --> 00:38:29,960 It's like, OK, this guy's a suspected criminal. 654 00:38:29,960 --> 00:38:33,600 We're gonna freeze his assets on the exchange now it's like, 655 00:38:33,600 --> 00:38:38,280 we're just gonna take it and then let's see if he proves 656 00:38:38,280 --> 00:38:42,400 himself innocent, right? Goes on to say, quote, separate 657 00:38:42,400 --> 00:38:45,840 provisions to help authorities seize other assets that can help 658 00:38:45,840 --> 00:38:48,480 identify crypto linked to crime were also added. 659 00:38:48,920 --> 00:38:50,720 It was passed by parliament on Wednesday. 660 00:38:50,720 --> 00:38:54,400 And again, I'm not going to read you guys the passage from the 661 00:38:54,400 --> 00:38:56,360 sovereign individual cause. I've been reading it every 662 00:38:56,360 --> 00:39:00,080 single day this week. But again, once again, they hit 663 00:39:00,160 --> 00:39:02,200 on the head. Governments, even in 664 00:39:02,200 --> 00:39:06,600 traditionally civil countries, will turn nasty because they 665 00:39:06,600 --> 00:39:09,520 were losing their monopoly on money, right? 666 00:39:09,520 --> 00:39:11,840 And that's exactly what's playing out here in my opinion. 667 00:39:12,080 --> 00:39:14,640 But once again, how do you protect yourself against that? 668 00:39:15,240 --> 00:39:17,480 Take self custody. You have no excuse. 669 00:39:17,960 --> 00:39:22,960 We literally recommend you guys ways to do that every single 670 00:39:22,960 --> 00:39:25,480 day. And in terms of software wallet, 671 00:39:25,480 --> 00:39:28,640 you have Blue wallet, you have Electrum, you have Sparrow, you 672 00:39:28,640 --> 00:39:33,440 have Spectre, you have so many wallet of Satoshi, You have so 673 00:39:33,440 --> 00:39:39,440 many wallets that you can use. There's so many hardware wallets 674 00:39:39,440 --> 00:39:41,520 that you can use. Speaking of hardware wallets, 675 00:39:42,320 --> 00:39:46,640 here's Ledger. Now Ledger introduced a very 676 00:39:46,640 --> 00:39:54,320 interesting feature which I think the road, the road to hell 677 00:39:54,320 --> 00:39:56,240 is paved in good intentions, right? 678 00:39:56,800 --> 00:40:00,600 Very interesting feature. But essentially it's kind of 679 00:40:00,600 --> 00:40:04,280 like a back door to your seed phrase. 680 00:40:04,840 --> 00:40:07,360 But of course there's trade-offs to that back door. 681 00:40:07,360 --> 00:40:10,600 Because if there's a back door, let's say you lose your seed 682 00:40:10,600 --> 00:40:12,840 phrase and you're like, I lost my seed phrase and then you go 683 00:40:12,840 --> 00:40:16,160 to Ledger and you say I lost my freeze seed phrase and they can 684 00:40:16,160 --> 00:40:20,800 recover it for you. If they can recover it for you, 685 00:40:21,200 --> 00:40:23,480 who else do you think can recover it for you? 686 00:40:24,280 --> 00:40:30,520 Connect the dots with this law in the UK, right And this Ledger 687 00:40:30,520 --> 00:40:33,240 proposal. So it goes on to say Ledger now 688 00:40:33,240 --> 00:40:38,400 lets you pay $9.99 per month to ID your cold wallet seed and 689 00:40:38,400 --> 00:40:40,160 send it to trusted third parties. 690 00:40:40,720 --> 00:40:44,240 It goes on to say quote Today is the day I'm glad to announce 691 00:40:44,240 --> 00:40:47,080 that our secure wallet recovery solution, Ledger Recover 692 00:40:47,600 --> 00:40:51,680 provided by Coincover is now available for Ledger Nano X 693 00:40:51,680 --> 00:40:54,400 users. You can subscribe to this paid 694 00:40:54,400 --> 00:40:58,480 and optional service here. The service, which notably 695 00:40:58,480 --> 00:41:02,040 failed to launch earlier this year due to community backlash, 696 00:41:02,280 --> 00:41:07,400 will cost its users 9 basically $10 per month after the first 697 00:41:07,400 --> 00:41:10,120 free month quote. When you subscribe to Ledger 698 00:41:10,120 --> 00:41:14,640 Recover, a pre bit 39 version of your private keys is encrypted, 699 00:41:14,640 --> 00:41:18,720 duplicated and divide into three fragments, with each fragment 700 00:41:18,720 --> 00:41:22,760 secured by a separate company, Coin Cover Ledger and Escrow 701 00:41:22,760 --> 00:41:24,880 tech. When you want to give access to 702 00:41:24,880 --> 00:41:28,000 your wallet, two of the three parties will send fragments back 703 00:41:28,000 --> 00:41:32,120 to your Ledger device, reassembling them to build your 704 00:41:32,120 --> 00:41:35,920 private key. Your private key Ledger Recover 705 00:41:35,920 --> 00:41:40,680 compromises extensive identity verification process performed 706 00:41:40,680 --> 00:41:43,960 by Coin Cover with a secure element billed by Ledger. 707 00:41:45,040 --> 00:41:48,400 It goes on to say your identity details are collected by Ledger 708 00:41:48,400 --> 00:41:50,800 Recover ID verification service providers. 709 00:41:51,000 --> 00:41:54,160 Coin Cover and Ledger Store are an encrypted excerpt of this 710 00:41:54,160 --> 00:41:56,560 data. Coin Cover will never pass your 711 00:41:56,560 --> 00:42:00,880 information to third parties unless it has a legal obligation 712 00:42:00,880 --> 00:42:04,760 to do so. I'm gonna go back to this. 713 00:42:06,080 --> 00:42:12,880 They now can seize your Bitcoin without proving that you, 714 00:42:13,920 --> 00:42:16,520 without proving in court that you're a convicted criminal. 715 00:42:16,960 --> 00:42:22,080 Put the pieces together and then just use common sense and think 716 00:42:22,080 --> 00:42:26,760 about how this can, and I'm calling it right now, will be 717 00:42:26,760 --> 00:42:30,040 exploited by governments to seize people's money. 718 00:42:30,840 --> 00:42:35,400 And yes, I'm sure like I had. Look, I don't think Ledger is 719 00:42:35,480 --> 00:42:40,160 approaching this in a nefarious manner whatsoever. 720 00:42:41,080 --> 00:42:45,320 But you know, it's still call it for what it is. 721 00:42:45,360 --> 00:42:47,480 It's still an open door in my opinion. 722 00:42:48,000 --> 00:42:50,720 It's still a back door in my opinion, Ledger Recover is 723 00:42:50,720 --> 00:42:53,400 currently compatible with Ledger Ledger Nano X. 724 00:42:53,680 --> 00:42:56,160 Soon it will be compatible with Ledger stacks. 725 00:42:56,360 --> 00:43:00,760 Ledger Nano S Plus Ledger Recover isn't compatible with 726 00:43:00,760 --> 00:43:05,040 Ledger Nano S Ledger Recover availability depends on the 727 00:43:05,040 --> 00:43:07,760 country in which your Passport National Identity card or driver 728 00:43:07,760 --> 00:43:11,680 license was issued at the mass At the At the moment, a Passport 729 00:43:11,680 --> 00:43:14,520 National Identity Card issued by the European Union, the United 730 00:43:14,520 --> 00:43:17,600 Kingdom, Canada and the United States, or driver's license 731 00:43:17,600 --> 00:43:20,520 issued in the United States is required is required to 732 00:43:20,520 --> 00:43:23,960 subscribe to the service. As an added layer of protection 733 00:43:24,080 --> 00:43:27,800 subject to investigation, $50,000 compensation may be 734 00:43:27,800 --> 00:43:30,440 available from Coin Cover. In the unlikely event that 735 00:43:30,440 --> 00:43:35,200 something were to go wrong, the recovery process can be 736 00:43:35,200 --> 00:43:38,200 replicated on any new and compatible Ledger device 737 00:43:38,200 --> 00:43:40,520 following the identity verification process. 738 00:43:40,640 --> 00:43:43,600 Read a more detailed explanation on how recovery works here. 739 00:43:43,720 --> 00:43:47,120 Quote Depending on your personal needs, Ledger recover may or may 740 00:43:47,120 --> 00:43:50,640 not be for you. For most users, having no backup 741 00:43:50,640 --> 00:43:53,520 for their secret recovery phrase is a risk that they don't want 742 00:43:53,520 --> 00:43:57,480 to take, and again, this is your outsourcing personal 743 00:43:57,480 --> 00:43:59,960 responsibility. But what they they fail to 744 00:43:59,960 --> 00:44:02,760 mention is that there are cons to that. 745 00:44:03,720 --> 00:44:09,120 And history has shown that when governments get put in a a rock 746 00:44:09,120 --> 00:44:15,640 and a hard place like the 1930s is a great example, the country, 747 00:44:15,640 --> 00:44:19,000 the government, the state was in a hard place and what did they 748 00:44:19,000 --> 00:44:24,400 do? It justified the theft of 749 00:44:24,400 --> 00:44:30,360 people's gold. So the whole point is that that 750 00:44:30,400 --> 00:44:33,640 option isn't even there. And when that option isn't even 751 00:44:33,640 --> 00:44:35,080 there, that's why I said my quote. 752 00:44:35,200 --> 00:44:38,840 That's why I said what I said. If enough people take self 753 00:44:38,840 --> 00:44:44,120 custody, if if enough of the pepper of the population, right. 754 00:44:44,120 --> 00:44:46,720 Especially in a country like the US with the Second Amendment 755 00:44:48,560 --> 00:44:50,040 take self custody of their wealth. 756 00:44:50,360 --> 00:44:54,680 The only option the government has is to go door to door and be 757 00:44:54,680 --> 00:44:59,800 like hand over your money essentially and and and again 758 00:45:00,000 --> 00:45:04,080 that that's not really like in my opinion like that's not 759 00:45:04,080 --> 00:45:09,480 really a viable solution for for for you know millions upon 760 00:45:09,480 --> 00:45:13,280 millions of people doing this. This is why it's so vital. 761 00:45:13,360 --> 00:45:15,920 And here's Seth for privacy by the way shout out foundation 762 00:45:15,920 --> 00:45:19,400 they're one of our sponsors. He's he's with he's with 763 00:45:19,400 --> 00:45:23,360 foundation devices. He says please do not use this 764 00:45:23,360 --> 00:45:25,840 service. If you use this service, you're 765 00:45:25,840 --> 00:45:28,200 signing up for simple seizure of funds. 766 00:45:28,520 --> 00:45:32,320 If Ledger, willingly or unwillingly due to government 767 00:45:32,320 --> 00:45:35,400 pressure, decides to collaborate with one of the other storage 768 00:45:35,400 --> 00:45:39,280 providers, friends don't let friends use Ledger recover. 769 00:45:40,440 --> 00:45:43,480 First image shows that Ledger owns the common encryption key 770 00:45:43,480 --> 00:45:46,880 that is used to encrypt shards. Second image shows that Ledger 771 00:45:46,880 --> 00:45:50,520 themselves saying how they can give over funds in the event of 772 00:45:50,520 --> 00:45:52,160 a subpoena. Now here's the thing. 773 00:45:52,160 --> 00:45:58,280 In the UK, they could just seize it without even proving that 774 00:45:58,280 --> 00:46:00,640 you've committed a crime based on this last law. 775 00:46:01,640 --> 00:46:04,520 And I bet you Elizabeth Warren is salivating at the mouth when 776 00:46:04,520 --> 00:46:06,480 she saw what the UK did, that what she's like. 777 00:46:06,480 --> 00:46:08,240 I wish we could do this in the US. 778 00:46:09,520 --> 00:46:12,920 So also shout out to foundation, Shout out because you know, 779 00:46:12,920 --> 00:46:15,560 they're they're really, they're really speaking the truth there. 780 00:46:16,320 --> 00:46:19,280 So when you get yourself a passport, hardware wallet, now 781 00:46:19,280 --> 00:46:21,360 you know who the people are behind that. 782 00:46:21,760 --> 00:46:23,760 They don't like that shit, right? 783 00:46:23,760 --> 00:46:26,360 They're actual fucking bitcoiners, right? 784 00:46:26,960 --> 00:46:32,120 It's Bitcoin or slavery. So yes, the road to hell is 785 00:46:32,120 --> 00:46:33,920 paved to go with good intentions. 786 00:46:34,040 --> 00:46:36,920 I think Ledger, I I don't believe they were malicious. 787 00:46:36,920 --> 00:46:38,680 I don't believe they were pressured to do this. 788 00:46:38,960 --> 00:46:42,520 I think the CEO and the company genuinely thought that this was 789 00:46:42,800 --> 00:46:46,000 a way to increase their revenue with the subscription service, 790 00:46:46,640 --> 00:46:50,840 however. Like you're paying for a back 791 00:46:50,840 --> 00:46:56,080 door because you don't feel like you can write down and properly 792 00:46:56,080 --> 00:46:59,880 secure 12 to 20. If you can take care of a child, 793 00:47:00,400 --> 00:47:05,240 you can take care of 12 words. You can you can take care of 24 794 00:47:05,240 --> 00:47:08,400 words. There's so many awesome Bitcoin 795 00:47:08,400 --> 00:47:11,000 companies that have made this easy for you. 796 00:47:11,280 --> 00:47:14,160 There's awesome Bitcoin content creators like a friend of mine, 797 00:47:14,160 --> 00:47:18,360 BTC Sessions, that dedicates his life to making tutorials For 798 00:47:18,360 --> 00:47:24,880 people that don't understand how to do this, Foundation Devices 799 00:47:24,880 --> 00:47:27,840 has an onboarding service. They will literally help you set 800 00:47:27,840 --> 00:47:32,240 up your hardware wallet if you get a passport, like literally. 801 00:47:33,120 --> 00:47:37,320 Also Swan Private as well. You sign up with Swan Private. 802 00:47:37,320 --> 00:47:38,920 You become a member of Swan Private. 803 00:47:38,920 --> 00:47:42,120 You can call any of the Swan private representatives and hey, 804 00:47:42,520 --> 00:47:46,320 they'll help you set up yourself custody where you actually have 805 00:47:46,320 --> 00:47:50,120 self custody. So look, the road, the road to 806 00:47:50,120 --> 00:47:51,760 hell is paved in good intentions. 807 00:47:52,240 --> 00:47:55,960 And the reality is that, look, if someone has a backdoor to 808 00:47:55,960 --> 00:48:01,840 your money and they're put in a bad position, and that bad 809 00:48:01,840 --> 00:48:05,840 position incentivizes, incentivizes them to take your 810 00:48:05,840 --> 00:48:09,320 money, because that is the easiest way they're going to use 811 00:48:09,320 --> 00:48:14,320 that way, right? So yeah, I'll be honest with 812 00:48:14,320 --> 00:48:16,640 you. Ledger was one of my favorite 813 00:48:16,640 --> 00:48:20,720 wallets and Opti knows this when I got into this and because it 814 00:48:20,720 --> 00:48:22,520 was so easy to use it was so convenient. 815 00:48:24,920 --> 00:48:28,080 But now obviously you know it's Bitcoin only wallets. 816 00:48:28,240 --> 00:48:31,560 Clearly you know because I I think that Bitcoin only wallets 817 00:48:31,560 --> 00:48:34,800 and and you know Ruston says it right there he's he's in the 818 00:48:34,800 --> 00:48:38,440 chat the Bitcoin way on one of our sponsors too for our swan. 819 00:48:38,640 --> 00:48:42,880 For our Simply Originals, they their whole business model is 820 00:48:42,880 --> 00:48:44,920 onboarding. So you could literally set up a 821 00:48:44,920 --> 00:48:48,360 call with them and they will onboard you and they'll make it 822 00:48:48,360 --> 00:48:52,360 easy for you. So yeah, check out the Bitcoin 823 00:48:52,360 --> 00:48:53,720 way. Check out Simply Originals, 824 00:48:53,720 --> 00:48:58,200 check out Rust and he's dropping some hot fire and you could see 825 00:48:58,200 --> 00:48:59,880 it. So, like, there's literally no 826 00:48:59,880 --> 00:49:06,120 excuse as to why you wanna use, you know, you wanna pay have a 827 00:49:06,120 --> 00:49:07,560 back door into your hardware wallet. 828 00:49:07,560 --> 00:49:09,640 And here's the thing, because ledger's. 829 00:49:09,640 --> 00:49:13,160 I'm not making any allegations or anything, but Ledger is close 830 00:49:13,160 --> 00:49:15,440 source, so you don't know what's going on behind the hood. 831 00:49:16,400 --> 00:49:18,800 How did they make that back door happen? 832 00:49:19,000 --> 00:49:21,440 Right. Do you trust that there isn't a 833 00:49:21,440 --> 00:49:25,000 back door with anything else? I don't know about you guys, but 834 00:49:25,000 --> 00:49:28,440 I want my hardware wallets to be open source, right? 835 00:49:28,440 --> 00:49:31,120 Which is what we recommend to you guys on this show. 836 00:49:31,120 --> 00:49:36,400 Always, right. So yeah, man, Opti, I mean I got 837 00:49:36,400 --> 00:49:38,480 to say bro, I'm, I'm, I'm disappointed. 838 00:49:38,480 --> 00:49:41,160 I was AI was a big fan. I was a big fan, bro. 839 00:49:41,160 --> 00:49:42,880 Big fan. Yeah, let's let's say James, 840 00:49:42,880 --> 00:49:45,240 jump in first and then and then I'll, I'll rant for a little 841 00:49:45,240 --> 00:49:46,240 bit. James, what's your thoughts on 842 00:49:46,240 --> 00:49:50,760 this? Well, excuse me. 843 00:49:51,760 --> 00:49:55,320 Yeah, Nico just touched on it right at the end there. 844 00:49:55,320 --> 00:49:56,360 Great. That was. 845 00:49:56,360 --> 00:49:58,040 I was completely agreed with all of that. 846 00:49:58,080 --> 00:49:59,680 I don't know if it's malicious or not. 847 00:50:00,080 --> 00:50:02,720 But that bit at the end, I want to know how they can just roll 848 00:50:02,720 --> 00:50:05,520 this out in a supposedly an air gapped device. 849 00:50:05,920 --> 00:50:10,440 That and it being closed source software that makes me think 850 00:50:11,320 --> 00:50:14,160 doesn't mean it's malicious, but maybe something in their code 851 00:50:14,160 --> 00:50:17,360 allowed them to do that. I don't. 852 00:50:17,360 --> 00:50:19,440 I don't know. I'm not technical enough to 853 00:50:19,880 --> 00:50:23,680 fully understand how that works, but that is a little fishy to me 854 00:50:24,920 --> 00:50:26,040 I guess. The other thing I would say 855 00:50:26,040 --> 00:50:29,280 about it is I think. Plenty of people are going to 856 00:50:29,280 --> 00:50:32,200 use that service. Unfortunately, people are lazy. 857 00:50:33,720 --> 00:50:36,360 So probably for, you know, a couple of years, people are 858 00:50:36,360 --> 00:50:38,840 going to use that service and then someone's going to discover 859 00:50:38,840 --> 00:50:41,680 a really bad exploit. Everyone's going to get wrecked 860 00:50:42,920 --> 00:50:46,520 and then they're no longer going to have that service. 861 00:50:46,960 --> 00:50:49,080 But unfortunately that's that's human nature. 862 00:50:49,680 --> 00:50:53,720 So we'll see. I mean it it it might end up 863 00:50:53,720 --> 00:51:02,430 being a fantastic advertisement for for a pure version of of 864 00:51:02,470 --> 00:51:06,950 self custody 100%. I 100% agree with you. 865 00:51:08,270 --> 00:51:19,350 Yeah man, it's a but it but it but it it's like yes, pure the 866 00:51:19,510 --> 00:51:22,750 the the question is are people really gonna wake the fuck up 867 00:51:22,750 --> 00:51:28,560 enough to be like OK guys, it it's time to like like stop 868 00:51:28,600 --> 00:51:34,480 outsourcing personal responsibility like it's so 869 00:51:34,480 --> 00:51:40,120 inconvenient for me to write down fucking 12 words it like it 870 00:51:40,120 --> 00:51:42,200 is so goddamn inconvenient for me. 871 00:51:42,200 --> 00:51:46,400 I'm going to have to pay this company to back up my it. 872 00:51:46,640 --> 00:51:49,520 In my opinion, this defeats the purpose of self custody. 873 00:51:49,760 --> 00:51:53,240 This is self custody. Like this is is not as bad as an 874 00:51:53,240 --> 00:51:58,520 exchange, but like, it's you know, like if shit hits the fan, 875 00:51:58,520 --> 00:52:00,840 they could just take your shit, right? 876 00:52:01,360 --> 00:52:04,320 So oh man. Anyways, Opti, what's your take 877 00:52:04,320 --> 00:52:06,160 on all this bro? Yeah. 878 00:52:06,160 --> 00:52:08,400 So first and foremost, of course, we talked about it in 879 00:52:08,400 --> 00:52:11,080 the beginning. We know that on and off ramps 880 00:52:11,080 --> 00:52:15,320 will be strangled and that is a point where people will rather 881 00:52:15,320 --> 00:52:19,880 the governments and you know, bureaucrats will try to hamper 882 00:52:19,880 --> 00:52:23,800 Bitcoin adoption. And the second one is what I 883 00:52:23,800 --> 00:52:25,600 always say here on the show. You know, custody and your 884 00:52:25,600 --> 00:52:29,360 Bitcoin is the revolution. And it it's so simple to us 885 00:52:29,360 --> 00:52:33,280 bitcoiners like I don't you use the e-mail. 886 00:52:33,280 --> 00:52:36,200 To me, using Bitcoin is no different than using e-mail. 887 00:52:36,200 --> 00:52:38,160 Yes, there's a little more responsibility. 888 00:52:38,160 --> 00:52:42,000 Yes, there's no. 800 number that I can call if I mess up my 889 00:52:42,000 --> 00:52:43,840 Bitcoin. But I don't know about you. 890 00:52:43,840 --> 00:52:47,040 I I, you know I trust myself more than a banker and I have I 891 00:52:47,040 --> 00:52:49,600 have a little faith in myself that I will remember and back 892 00:52:49,600 --> 00:52:51,560 this up. You go through the process it's 893 00:52:51,560 --> 00:52:54,400 not that hard it's just a new step and it's it always just 894 00:52:54,400 --> 00:52:57,560 reminds me of when you had to use new technology. 895 00:52:58,120 --> 00:53:01,160 There's a learning curve and once you get over that learning 896 00:53:01,160 --> 00:53:04,320 curve it's second nature and I think this is where we are right 897 00:53:04,320 --> 00:53:05,240 now. It's just like. 898 00:53:05,640 --> 00:53:08,640 A lot of people put up mental roadblocks to this learning 899 00:53:08,640 --> 00:53:11,280 curve because it's so different. They're so used to having 900 00:53:11,680 --> 00:53:14,680 trusted experts custody their Bitcoin or rather their other 901 00:53:14,680 --> 00:53:16,440 assets like their stock, etcetera. 902 00:53:16,920 --> 00:53:20,000 And people are lazy. And for better or worse, it's 903 00:53:20,000 --> 00:53:22,160 kind of what James says and and what people are saying in the 904 00:53:22,160 --> 00:53:24,400 chat as well. It's like people will use this, 905 00:53:24,400 --> 00:53:26,240 which is probably the saddest part about it. 906 00:53:26,640 --> 00:53:29,560 And the whole point was, you know, eliminating trusted third 907 00:53:29,560 --> 00:53:33,720 parties and yet. I find it interesting that some, 908 00:53:33,840 --> 00:53:36,560 I wouldn't even call them Bitcoin companies anymore. 909 00:53:37,320 --> 00:53:40,560 Shit, coin companies are are basically like recreating the 910 00:53:40,560 --> 00:53:42,840 broken wheel of trusted third parties within Bitcoin. 911 00:53:42,840 --> 00:53:45,960 And yes, I know people will want trusted third parties like it's 912 00:53:45,960 --> 00:53:47,720 part of human nature. I get it, I get it. 913 00:53:48,000 --> 00:53:50,920 But trying to eliminate the trusted third parties as much as 914 00:53:50,920 --> 00:53:54,520 possible, I think are some of the most important things to be 915 00:53:54,520 --> 00:53:57,440 doing and following the Bitcoin ethos, and hence why we. 916 00:53:57,960 --> 00:54:00,680 Embrace and support the companies that do do that 917 00:54:00,680 --> 00:54:03,400 because we do think that that is the most important thing to be 918 00:54:03,400 --> 00:54:08,720 doing is to take custody of your Bitcoin next to that UK law 919 00:54:08,720 --> 00:54:11,400 stuff. I said it last week, or maybe it 920 00:54:11,400 --> 00:54:12,880 was this week, I don't know. It's all a blur now. 921 00:54:13,520 --> 00:54:15,920 I find it amazing that the computer illiterates, the 922 00:54:15,920 --> 00:54:19,320 bureaucrats and politicians and the powers that be that don't 923 00:54:19,320 --> 00:54:22,040 understand what the hell they're doing, are trying to regulate 924 00:54:22,040 --> 00:54:25,040 what they don't understand. Again, like it hasn't worked in 925 00:54:25,040 --> 00:54:26,960 the past and it won't work this time. 926 00:54:27,480 --> 00:54:30,400 And I just, I it just never gets old to me. 927 00:54:30,400 --> 00:54:34,680 And and the irony of it all never, never gets passed on me. 928 00:54:34,680 --> 00:54:37,560 You know, these these geriatrics out there that don't understand 929 00:54:37,560 --> 00:54:39,920 how the world works, don't understand how technology works, 930 00:54:39,960 --> 00:54:42,120 obviously don't understand how Bitcoin works. 931 00:54:42,120 --> 00:54:44,960 And we laid it out and completely destroyed their 932 00:54:44,960 --> 00:54:47,280 narrative. And yet they're here to protect 933 00:54:47,280 --> 00:54:49,240 you. Again, we say it all the time. 934 00:54:49,240 --> 00:54:52,320 The very people you need protection from are the people 935 00:54:52,320 --> 00:54:54,040 here to quote UN quote, protect you. 936 00:54:54,040 --> 00:54:58,280 Like This is why we Bitcoin is to eliminate their their their 937 00:54:58,280 --> 00:55:00,160 attempt to even try to protect you. 938 00:55:00,440 --> 00:55:03,200 But again, this is a paradigm shift that we're moving through, 939 00:55:03,200 --> 00:55:06,040 that we're working through is people waking up to the true 940 00:55:06,040 --> 00:55:08,640 nature of the beast that we are dealing with. 941 00:55:09,040 --> 00:55:11,560 And then again, last point, well, actually a couple more 942 00:55:11,560 --> 00:55:14,000 points. Sorry, the doublespeak of the 943 00:55:14,000 --> 00:55:17,280 name of this bill. You know, it was economic crime 944 00:55:17,280 --> 00:55:21,320 and transparency bill like it's just it's so Orwellian. 945 00:55:21,720 --> 00:55:26,160 You know, we say it all the time, economic crime is not 946 00:55:26,160 --> 00:55:30,440 being done on Bitcoin and. Bitcoin is fully transparent, 947 00:55:30,440 --> 00:55:33,520 and it's literally an open, transparent Ledger where you can 948 00:55:33,520 --> 00:55:36,440 see everything is happening on the Ledger. 949 00:55:36,440 --> 00:55:39,280 By design, this is a feature of the network. 950 00:55:39,560 --> 00:55:42,320 Again, it just goes to show that they don't know what the hell 951 00:55:42,320 --> 00:55:44,880 they're doing Well, rather, they know what they're doing, but 952 00:55:44,880 --> 00:55:46,520 they don't know what they're trying to regulate. 953 00:55:46,760 --> 00:55:49,800 And then I was reminded of a meme I made for simply Bitcoin. 954 00:55:50,760 --> 00:55:54,440 You know hosted wallets. There's a hand with a parasite 955 00:55:54,440 --> 00:55:57,920 or a a Leech on it. Unhosted wallet, the Leech is 956 00:55:57,920 --> 00:56:01,000 gone. Unparasite your money today it's 957 00:56:01,000 --> 00:56:07,160 so simple just saving Bitcoin. It's just you know of course I 958 00:56:07,360 --> 00:56:10,080 of course I got to bring a meme into this, OK And you have to 959 00:56:10,080 --> 00:56:14,640 and then and then of course back to the the Ledger at the very 960 00:56:14,640 --> 00:56:16,880 end. You know, I wouldn't. 961 00:56:16,880 --> 00:56:20,320 Don't use this Ledger feature. I I've been, I haven't been able 962 00:56:20,320 --> 00:56:22,680 to endorse Ledger for a long time. 963 00:56:22,680 --> 00:56:26,160 Again, shouts out to our boy Pedro, who's been thoroughly 964 00:56:26,160 --> 00:56:29,600 destroying Ledger Live. We can't recommend Ledger 965 00:56:29,600 --> 00:56:32,400 anymore, even though that was my first hardware wallet like they 966 00:56:32,400 --> 00:56:35,200 do kind of have. You know, a place in my heart 967 00:56:35,200 --> 00:56:38,760 because I remember when I first took self custody, I was so 968 00:56:38,760 --> 00:56:41,960 proud I bought a Ledger. You know, I I like took my my 969 00:56:41,960 --> 00:56:44,320 Bitcoin into custody. I'm like yeah man, you know I 970 00:56:44,320 --> 00:56:47,120 got my first hardware wallet. This is so tight. 971 00:56:47,560 --> 00:56:50,960 And then you know you realize all the complexities of of 972 00:56:51,240 --> 00:56:54,920 having a hardware wallet that has shit coin firmware and then 973 00:56:54,920 --> 00:56:58,760 all the debacles since it. It's just like, man, you know, I 974 00:56:58,760 --> 00:57:05,040 I can no longer endorse Ledger. And this, this move again people 975 00:57:05,040 --> 00:57:10,120 are probably going to use it, which is even sadder and I just, 976 00:57:10,200 --> 00:57:14,960 I just like Ledger and and again we're going to move into a bull 977 00:57:14,960 --> 00:57:17,320 market. And most people are going to do 978 00:57:17,320 --> 00:57:19,520 the same thing that I did. They're going to take those 979 00:57:19,520 --> 00:57:21,320 steps into custodying their Bitcoin. 980 00:57:21,480 --> 00:57:23,400 They're probably going to go into a Ledger. 981 00:57:23,600 --> 00:57:26,160 They might learn the hard way that they should have used 982 00:57:26,160 --> 00:57:29,560 something else, you know. Hence why we recommend 983 00:57:29,600 --> 00:57:33,680 Foundations Passport. Like This is why we work with 984 00:57:33,680 --> 00:57:38,200 Bitcoin only companies, so that we we do our best to ensure that 985 00:57:38,200 --> 00:57:40,000 people are doing the best practices upfront. 986 00:57:40,000 --> 00:57:42,960 Because you do not want to get yourself in a position where you 987 00:57:42,960 --> 00:57:46,800 know potentially. Ledger has a back door to your 988 00:57:46,800 --> 00:57:51,920 Bitcoin Like that is it's it's So it's it's almost ridiculous 989 00:57:51,920 --> 00:57:53,120 that we're talking about this right now. 990 00:57:53,120 --> 00:57:56,760 Like, Oh my God. Anyways, anyways, I can probably 991 00:57:56,760 --> 00:57:59,880 rant on this for way too long and get way too flustered about 992 00:57:59,880 --> 00:58:02,080 it. Just guys, don't. 993 00:58:02,240 --> 00:58:04,440 Look, I hate to do this, but don't use Ledger. 994 00:58:05,720 --> 00:58:07,480 I mean, look, it's as simple as that. 995 00:58:07,480 --> 00:58:11,920 All right, everybody. Before we move on to the culture 996 00:58:11,920 --> 00:58:16,520 segment to talk about what's what our guest proof of work is, 997 00:58:17,760 --> 00:58:19,520 I wanna give a shout out to our sponsor. 998 00:58:20,480 --> 00:58:22,800 Kaboom racks. They are the best place to buy 999 00:58:23,160 --> 00:58:27,400 cell and host mining equipment. You gotta check out Kaboom 1000 00:58:27,400 --> 00:58:30,240 racks. You could check out their 1001 00:58:30,240 --> 00:58:32,920 inventory on Telegram. 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The Daily Culture brought to you 1013 00:59:12,440 --> 00:59:17,080 by Swan bitcoin.com Swan is the best way to build your Bitcoin 1014 00:59:17,080 --> 00:59:20,080 stack with automated Bitcoin savings plans and instant 1015 00:59:20,080 --> 00:59:25,640 purchases serving clients of any size from $10 to $10 million. 1016 00:59:25,640 --> 00:59:29,000 We love Swan because they incentivize self custody and 1017 00:59:29,000 --> 00:59:31,640 dollar cost averaging. What are you waiting for? 1018 00:59:31,640 --> 00:59:37,200 Visit swanbitcoin.com today all. Right, James. 1019 00:59:38,600 --> 00:59:40,840 This is where we talk to our guest about the cool stuff 1020 00:59:40,840 --> 00:59:43,680 they're doing. And for those that don't know, 1021 00:59:44,120 --> 00:59:47,560 James, what are you working on? Let the people actually maybe 1022 00:59:47,720 --> 00:59:53,040 you can combine how you got into Bitcoin into what you're working 1023 00:59:53,040 --> 00:59:56,000 on and why you're in El Salvador in a in a cool little rabbit 1024 00:59:56,000 --> 00:59:57,840 hole story. But James, what are you doing? 1025 01:00:00,360 --> 01:00:08,440 Well, mine is a fairly cliched Bitcoin story. 2017 came for the 1026 01:00:08,440 --> 01:00:12,880 gains, actually started reading and you know stayed for the 1027 01:00:12,880 --> 01:00:18,600 revolution. Was also living and studying in 1028 01:00:18,600 --> 01:00:25,080 Canada in 2020 and that place went a little crazy shall we 1029 01:00:25,080 --> 01:00:29,160 say. Then the legal tender law 1030 01:00:29,160 --> 01:00:36,680 changed here kind of became a no brainer, kind of fell in love 1031 01:00:36,680 --> 01:00:38,840 with the plates. Been here for a couple of years 1032 01:00:38,840 --> 01:00:45,400 now and an extension of that as we were just talking about 1033 01:00:45,400 --> 01:00:50,360 before in terms of the off ramps off and on ramps being an issue. 1034 01:00:50,520 --> 01:00:54,320 And you know the parasites in charge are going to do 1035 01:00:54,880 --> 01:00:57,840 everything they can to clamp down on that. 1036 01:00:58,960 --> 01:01:02,840 It made sense to get the peer-to-peer circular economy 1037 01:01:02,840 --> 01:01:08,280 going as quickly as possible, which it does exist here, but it 1038 01:01:08,280 --> 01:01:13,920 is intermittent I would say. So there are some places you 1039 01:01:13,920 --> 01:01:15,600 know you can go and spend your Bitcoin. 1040 01:01:15,600 --> 01:01:18,760 There are other places where it's a luck of the draw. 1041 01:01:19,960 --> 01:01:22,480 Maybe one day they do, maybe another day they don't. 1042 01:01:24,720 --> 01:01:28,120 That was something that I saw as a bit of an issue. 1043 01:01:28,840 --> 01:01:34,600 So we've started doing a guaranteed venue event, 1044 01:01:35,240 --> 01:01:39,960 recurring event of a farmer's market where people that are 1045 01:01:39,960 --> 01:01:42,480 either visiting obviously or people that live here that want 1046 01:01:42,480 --> 01:01:44,800 to use Bitcoin, they know they can come there and they can 1047 01:01:45,360 --> 01:01:47,520 spend their stats spend and replace. 1048 01:01:47,520 --> 01:01:50,560 Hopefully that's what I'm a I'm an advocate for. 1049 01:01:51,800 --> 01:01:56,000 That would be that would be it in a nutshell is it's a a 1050 01:01:56,000 --> 01:02:00,920 fortnightly market. We have a really increasingly 1051 01:02:00,920 --> 01:02:07,800 diverse range of products on offer, anything from grass fed 1052 01:02:07,800 --> 01:02:11,440 beef, you know, organic vegetables, There's some amazing 1053 01:02:11,440 --> 01:02:19,240 coffee producers, locally made honey fishermen, oysters, 1054 01:02:20,280 --> 01:02:23,080 there's craftspeople as well attending now. 1055 01:02:23,600 --> 01:02:30,400 It's been going for about 5 months and generally it's 1056 01:02:31,000 --> 01:02:32,960 starting to really tick over. We've been doing it really 1057 01:02:32,960 --> 01:02:38,960 consistently, so it's getting bigger and bigger and yeah, it's 1058 01:02:39,000 --> 01:02:44,600 been a really fun, fulfilling little side project, I guess. 1059 01:02:44,840 --> 01:02:48,560 So this is in Elzante, right? At Bitcoin Beach, yeah. 1060 01:02:49,400 --> 01:02:50,720 Sweet. OK. 1061 01:02:51,400 --> 01:02:54,440 If you could do like, you know, a guesstimate by average, like 1062 01:02:54,440 --> 01:02:58,480 how many people are are at the farmer's market, You mean in 1063 01:02:58,480 --> 01:03:01,520 terms of vendors, merchants, or in terms of people attending or? 1064 01:03:01,520 --> 01:03:04,480 Yeah, maybe maybe both. Like, you kind of run around the 1065 01:03:04,480 --> 01:03:06,840 merchant, but like, how many attendees do you have? 1066 01:03:07,760 --> 01:03:09,920 The last one, we had about 200 people come. 1067 01:03:09,920 --> 01:03:13,560 Wow, Yeah. Are they are they only 1068 01:03:13,560 --> 01:03:15,320 bitcoiners? Or are there some other people 1069 01:03:15,320 --> 01:03:17,600 that aren't necessarily bitcoiners and are going to get 1070 01:03:17,600 --> 01:03:21,840 orange pilled? It's majority bitcoiners, but 1071 01:03:21,840 --> 01:03:24,680 there are people that do come that are just curious. 1072 01:03:24,680 --> 01:03:27,600 I mean who doesn't like a good little market on a Sunday when 1073 01:03:27,600 --> 01:03:31,880 you're out having a stroll? We're not Bitcoin only, I should 1074 01:03:31,880 --> 01:03:36,360 clarify that. So we do get some people that 1075 01:03:36,360 --> 01:03:42,440 come in and spend USD with the vendors and there is, there are 1076 01:03:42,440 --> 01:03:44,880 some people that do get orange pills. 1077 01:03:44,960 --> 01:03:46,360 It is. It is quite a fun little 1078 01:03:46,360 --> 01:03:48,720 effective way of orange, orange peeling people, 'cause they 1079 01:03:48,720 --> 01:03:51,520 just, it's just right there, nice and simple. 1080 01:03:52,240 --> 01:03:56,120 Download a wallet. We have had exchange services, 1081 01:03:56,920 --> 01:04:01,400 so sometimes people have come in and actually just, Oh yeah, all 1082 01:04:01,400 --> 01:04:04,360 right, I'll try this Bitcoin thing, exchange some USD and 1083 01:04:04,360 --> 01:04:05,880 then they go and spend it somewhere else. 1084 01:04:05,880 --> 01:04:07,680 I actually did that with my mother last week. 1085 01:04:08,720 --> 01:04:11,640 I was like, mum, don't do that here. 1086 01:04:11,800 --> 01:04:15,360 I'll send you some Bitcoin and you can go hit 50 bucks and go 1087 01:04:15,360 --> 01:04:21,480 buy yourself some pretty, yeah, that's the that's the project. 1088 01:04:22,000 --> 01:04:26,120 Love it. OK so I I've recently become a 1089 01:04:26,120 --> 01:04:31,000 farmers market local. I I try to make it every every 1090 01:04:31,000 --> 01:04:35,760 week or every other week and go get meats and and my my roommate 1091 01:04:35,760 --> 01:04:38,680 gets like raw milk and you know they got they got cheese and and 1092 01:04:38,680 --> 01:04:42,720 breads and all that good stuff and I noticed that there is like 1093 01:04:43,520 --> 01:04:45,680 and you kind of just touched on it usually at the farmers 1094 01:04:45,680 --> 01:04:48,160 markets. They'll have like some kind of 1095 01:04:48,160 --> 01:04:51,960 exchange there where like you can use your credit card to pay 1096 01:04:51,960 --> 01:04:54,680 for like tokens and then they can, you know, turn in those 1097 01:04:54,680 --> 01:04:57,960 tokens for dollars. So like, how, how exactly does 1098 01:04:57,960 --> 01:05:00,120 the mechanism work there? Like you kind of hit on it with 1099 01:05:00,120 --> 01:05:02,400 your mom. Is there like a Bitcoin exchange 1100 01:05:02,400 --> 01:05:05,120 or are people just downloading Bitcoin wallets and it's 1101 01:05:05,120 --> 01:05:07,320 peer-to-peer like that? It's peer-to-peer. 1102 01:05:08,480 --> 01:05:12,360 I'm excuse me, I'm pretty much the Bitcoin ATM there. 1103 01:05:12,920 --> 01:05:15,400 I will. If people want to exchange, I'm 1104 01:05:15,400 --> 01:05:20,640 happy to do that. We did have a they're called 1105 01:05:20,640 --> 01:05:26,400 Achievo Achievo ATM in Elzonte, but that just recently had some 1106 01:05:26,440 --> 01:05:29,040 technical issues. So it's not here at the moment. 1107 01:05:29,640 --> 01:05:32,280 But that was another service that we would have, especially 1108 01:05:32,280 --> 01:05:36,760 for some vendors if they wanted, like we require the vendors to 1109 01:05:36,760 --> 01:05:38,880 accept Bitcoin, but maybe they don't want to hold on to it 1110 01:05:38,880 --> 01:05:40,640 because it's intimidating, right? 1111 01:05:40,640 --> 01:05:42,440 Especially if it's your first time. 1112 01:05:43,000 --> 01:05:47,320 So we would be taking people to those to that ATM and helping 1113 01:05:47,320 --> 01:05:51,520 them get USD out at the end of the day, which thankfully has 1114 01:05:51,520 --> 01:05:54,480 not been used very much. Quite often people who get into 1115 01:05:54,480 --> 01:05:57,840 it and they they want to hold on to it, which has been really 1116 01:05:57,840 --> 01:06:00,280 nice to see. Love it. 1117 01:06:00,280 --> 01:06:01,640 I'm going to get rushed in the chat. 1118 01:06:01,640 --> 01:06:03,640 Love it. Awesome, bro. 1119 01:06:03,760 --> 01:06:09,400 Well, I think maybe now. Is the time where where we do 1120 01:06:09,440 --> 01:06:16,200 the the tricky conversation of the circular economy of you know 1121 01:06:16,200 --> 01:06:20,120 spending sets and I love the I love the initiative I wish my 1122 01:06:20,120 --> 01:06:23,480 local farmers market would take Bitcoin it'd make my life that 1123 01:06:23,480 --> 01:06:27,240 much easier and and obviously would improve the the vendors 1124 01:06:27,240 --> 01:06:29,680 lives. But I I find it just so 1125 01:06:29,680 --> 01:06:32,520 difficult to like get the conversation started with people 1126 01:06:32,520 --> 01:06:34,960 I I just like. I just want, I just want to buy 1127 01:06:34,960 --> 01:06:36,840 some meat. I I don't really feel the need 1128 01:06:36,840 --> 01:06:38,800 to like change your whole world view here. 1129 01:06:39,000 --> 01:06:43,480 But OK, let's let's do let's do huddle versus circular economy 1130 01:06:43,480 --> 01:06:45,560 and spending your sets. What's your thoughts on this? 1131 01:06:49,320 --> 01:06:52,280 I I don't understand why people can't just huddle and replace. 1132 01:06:52,640 --> 01:06:59,840 If you have a set up with however you buy your Bitcoin if 1133 01:06:59,840 --> 01:07:04,640 you are willing to support Bitcoin businesses I think 1134 01:07:04,640 --> 01:07:07,560 that's really important and whatever you go and spend just 1135 01:07:07,560 --> 01:07:10,360 replace it and and and that's cold storage. 1136 01:07:10,360 --> 01:07:11,840 I don't see why you can't do both. 1137 01:07:12,480 --> 01:07:18,800 Obviously you know, huddling is it's what got us here in the 1st 1138 01:07:18,800 --> 01:07:20,920 place, right? There's there's no disrespect to 1139 01:07:20,920 --> 01:07:27,080 the the huddlers of last resort, but we are aiming, in my 1140 01:07:27,080 --> 01:07:31,440 opinion, Bitcoin. We should be aiming to move not 1141 01:07:31,440 --> 01:07:33,760 just from a store of value, but also to a medium exchange, a 1142 01:07:33,760 --> 01:07:36,960 unit of count, etc etc. We all know those talking 1143 01:07:36,960 --> 01:07:40,160 points. Part of doing that is supporting 1144 01:07:40,160 --> 01:07:44,720 businesses that accept Bitcoin and spend and replace. 1145 01:07:45,000 --> 01:07:47,920 That would be my take on it. OK. 1146 01:07:47,920 --> 01:07:48,760 I love it. Yeah. 1147 01:07:48,760 --> 01:07:51,920 I mean, I really always think about it in terms of. 1148 01:07:53,200 --> 01:07:56,360 If you're still kind of, you know, 1 foot in the Fiat world, 1149 01:07:56,360 --> 01:07:59,320 1 foot in the Bitcoin world, then I can see why you're going 1150 01:07:59,320 --> 01:08:02,360 to spend that dirty Fiat first. But if you're just completely 1151 01:08:02,360 --> 01:08:04,760 all in on Bitcoin, hey, it's your money. 1152 01:08:04,760 --> 01:08:07,880 You have to use it somewhere and you want more merchants and more 1153 01:08:07,880 --> 01:08:11,480 vendors to accept it so that it it becomes what we know it is 1154 01:08:11,480 --> 01:08:14,120 and it's money instead of just a store of value. 1155 01:08:14,120 --> 01:08:15,960 But I understand, you know the like. 1156 01:08:16,439 --> 01:08:19,640 The tax concerns for most people and you know, not not to judge 1157 01:08:19,640 --> 01:08:22,319 you, but I hear an accent there. So I'm guessing you're not an 1158 01:08:22,319 --> 01:08:26,160 American. No mate, I'm an Aussie. 1159 01:08:28,920 --> 01:08:33,439 And I I guess, yeah, that is something I'm don't know a lot 1160 01:08:33,439 --> 01:08:36,600 about is the tax implications in other jurisdictions. 1161 01:08:36,600 --> 01:08:40,319 So it's probably pretty easy for me to sit on my high horse in 1162 01:08:40,640 --> 01:08:43,600 Bitcoin country where it's legal tender. 1163 01:08:43,600 --> 01:08:47,240 So you know, I I think that's probably fair enough. 1164 01:08:47,240 --> 01:08:50,680 I guess there's extra layers of complication there for people. 1165 01:08:50,680 --> 01:08:53,960 So yeah, because it's it's so like a a lot of people don't 1166 01:08:53,960 --> 01:08:55,080 know that. I mean, if you're American, you 1167 01:08:55,080 --> 01:08:58,800 know this, but no matter where you are as an American, you have 1168 01:08:58,800 --> 01:09:04,319 to pay taxes, right? That isn't the case for 1169 01:09:05,279 --> 01:09:07,479 basically every country on planet Earth. 1170 01:09:08,560 --> 01:09:10,359 They're introducing that in in Australia. 1171 01:09:10,359 --> 01:09:11,960 Now they. Are introduced. 1172 01:09:11,960 --> 01:09:13,640 Are you going to give up? Are you going to give up your 1173 01:09:13,640 --> 01:09:15,560 citizenship? I am, Yeah. 1174 01:09:15,800 --> 01:09:16,439 That's wow. Amazing. 1175 01:09:16,600 --> 01:09:19,359 So how many? Individuals playing out, I'm 1176 01:09:19,800 --> 01:09:23,680 done with these crooks. So yeah, I'm lucky enough to 1177 01:09:23,680 --> 01:09:26,760 have another citizenship, which I probably won't say, but yeah, 1178 01:09:28,160 --> 01:09:33,520 yeah, I'm in the process of of renouncing because I don't even 1179 01:09:33,520 --> 01:09:34,920 know if I'll ever go back to that country. 1180 01:09:34,920 --> 01:09:38,800 I'll I'll go back when the government collapses and you 1181 01:09:38,840 --> 01:09:40,680 know, they're breaking. They're breaking out the 1182 01:09:40,680 --> 01:09:42,080 guillotines, maybe. We'll see. 1183 01:09:43,680 --> 01:09:46,319 And my favorite black and white costumes. 1184 01:09:47,080 --> 01:09:49,319 Not, not. Not a prison uniforms. 1185 01:09:49,560 --> 01:09:54,960 Use your imagination. OK, All right, James, one more 1186 01:09:54,960 --> 01:09:59,680 question. Or actually kind of two, What is 1187 01:09:59,680 --> 01:10:04,480 the future for the Bitcoin farmers market and how excited 1188 01:10:04,480 --> 01:10:07,760 are you to be living in El Salvador currently and just 1189 01:10:07,760 --> 01:10:09,000 seeing where the country's going? 1190 01:10:09,040 --> 01:10:11,120 You said you've been there for at least five months, so I'm 1191 01:10:11,120 --> 01:10:12,880 sure you've seen some advancements. 1192 01:10:13,680 --> 01:10:15,360 Oh no. We've been doing the market for 1193 01:10:15,360 --> 01:10:16,320 five months. I've been here. 1194 01:10:16,680 --> 01:10:18,200 I've been here for a couple of years actually. 1195 01:10:18,320 --> 01:10:20,120 Oh, let's go. Yeah. 1196 01:10:20,120 --> 01:10:24,160 Yeah, after the the tender law changed, I was here fairly 1197 01:10:24,160 --> 01:10:31,600 quickly in terms of the market. We are just aiming to get as 1198 01:10:31,600 --> 01:10:35,360 consistent as possible so that it becomes a recurring event 1199 01:10:35,480 --> 01:10:37,080 with a bigger and bigger following. 1200 01:10:37,560 --> 01:10:40,400 We are doing some pop up markets in other places. 1201 01:10:40,720 --> 01:10:45,360 Actually on this Sunday we are doing one up in a little town 1202 01:10:45,360 --> 01:10:48,240 called Berlin, which is up in the mountains in El Salvador. 1203 01:10:48,240 --> 01:10:52,880 So anybody watching, if you are in the country, it's about an 1204 01:10:52,880 --> 01:11:00,120 hour North East of the capital. Please come and check it out. 1205 01:11:00,120 --> 01:11:01,760 That's going to be a really big day. 1206 01:11:01,760 --> 01:11:06,200 It's not, we're not just doing the market, it's the big we're 1207 01:11:06,200 --> 01:11:09,160 we're just a small part of a bigger festival up in that town. 1208 01:11:09,320 --> 01:11:11,960 They've invited us. They're doing their own circular 1209 01:11:11,960 --> 01:11:13,400 economy. They're bootstrapping their own 1210 01:11:13,400 --> 01:11:19,440 thing up there. So yeah, please, if you're in 1211 01:11:19,440 --> 01:11:25,120 town, come and check it out. In terms of El Salvador, it is. 1212 01:11:25,560 --> 01:11:27,920 It is a bizarre and and beautiful place. 1213 01:11:28,360 --> 01:11:31,760 I really like it. It's not for everyone. 1214 01:11:31,880 --> 01:11:35,680 It depends where you live. If you live in the city, you 1215 01:11:35,680 --> 01:11:38,240 might not notice the great, great difference. 1216 01:11:38,320 --> 01:11:41,720 I'm out in the in the jungle, so you kind of have to be prepared 1217 01:11:41,720 --> 01:11:46,480 to, you know, you gotta, you gotta be really self-sustaining 1218 01:11:46,920 --> 01:11:49,560 and I love that. For me that's fantastic. 1219 01:11:49,560 --> 01:11:52,680 But I think for some we've we've met some people where it's a bit 1220 01:11:52,680 --> 01:11:57,560 of a bit of a shock for them in terms of the actual climate in 1221 01:11:57,560 --> 01:12:02,240 the country, it seems like there's a lot of hope. 1222 01:12:03,280 --> 01:12:04,840 This country's been through a lot. 1223 01:12:05,560 --> 01:12:09,440 We've been through civil war 30 years ago and then the gangs 1224 01:12:09,440 --> 01:12:13,600 were obviously horrific. There is, there is a lot of 1225 01:12:13,600 --> 01:12:16,200 optimism in the air here. It's it's palpable. 1226 01:12:18,760 --> 01:12:21,200 It's it's really nice to be, to be honest. 1227 01:12:21,840 --> 01:12:22,800 That's awesome. That. 1228 01:12:22,800 --> 01:12:25,040 That's so that's so inspiring, bro. 1229 01:12:25,040 --> 01:12:27,840 Holy cow. Wow. 1230 01:12:28,080 --> 01:12:33,200 OK, you're you are an expat. Chose to move to the shining 1231 01:12:33,200 --> 01:12:37,600 country on a hill. Savior El Salvador you don't 1232 01:12:37,600 --> 01:12:40,280 live in the big city. You live in the countryside. 1233 01:12:40,600 --> 01:12:42,840 And I'm. I'm Latin American. 1234 01:12:43,520 --> 01:12:47,480 I've lived in I haven't lived in Central America but I have lived 1235 01:12:47,480 --> 01:12:49,440 in the Caribbean have lived in South America. 1236 01:12:49,440 --> 01:12:52,440 So I know exactly what you're talking about when you mean it's 1237 01:12:52,440 --> 01:12:57,720 different and but to me what's surprising is you know I speak 1238 01:12:57,720 --> 01:13:03,000 Spanish so that's like like I I it's it's I I would say it's 1239 01:13:03,000 --> 01:13:05,040 it's not that it's. Normal to me. 1240 01:13:05,040 --> 01:13:07,240 But I am. I know that world. 1241 01:13:07,240 --> 01:13:11,520 But for someone who lived in a developed country like Australia 1242 01:13:11,800 --> 01:13:17,120 leaving and then finding comfort in the countryside in Central 1243 01:13:17,120 --> 01:13:22,080 America, I think that speaks volumes for how much progress 1244 01:13:22,560 --> 01:13:25,520 Naim Boukale and El Salvador have have made. 1245 01:13:26,520 --> 01:13:32,120 And that is extremely promising. I like I'm, I'm, I'm surprised, 1246 01:13:32,120 --> 01:13:33,280 right? I'm surprised. 1247 01:13:34,760 --> 01:13:36,920 Well, man, when you come visit, we'll have to go out to the 1248 01:13:36,920 --> 01:13:38,720 ranch. We'll ride some horses and 1249 01:13:38,720 --> 01:13:41,200 stuff. It's fun. 1250 01:13:41,280 --> 01:13:43,280 It's fun out here. Sounds like a plan. 1251 01:13:43,280 --> 01:13:47,080 Wait, Nico, before we go to meme review, James, we we didn't tell 1252 01:13:47,080 --> 01:13:50,440 people where they could find the farmers market, The one that you 1253 01:13:50,440 --> 01:13:52,840 do biweekly. Let the people know where they 1254 01:13:52,840 --> 01:13:55,400 can find you. And if they're in El Salvador 1255 01:13:55,400 --> 01:13:58,800 currently or they're going to make a Mecca trip out there, 1256 01:13:58,800 --> 01:14:02,840 where exactly are you guys located and what dates do you 1257 01:14:02,840 --> 01:14:05,760 usually? Run the market, right? 1258 01:14:05,760 --> 01:14:07,960 Yeah. So we do every second, Sunday 1259 01:14:08,640 --> 01:14:11,920 2nd, 2nd and last Sunday of each month basically. 1260 01:14:12,400 --> 01:14:17,600 So check it out on Twitter. We have a noster, which I don't 1261 01:14:17,600 --> 01:14:21,000 do a good enough job keeping updated because I'm still 1262 01:14:21,760 --> 01:14:24,760 getting in the habit of using that over over Twitter. 1263 01:14:25,640 --> 01:14:28,240 We have an Instagram as well, which my lady runs. 1264 01:14:29,040 --> 01:14:32,360 So yeah, just the regular socials shoot us the DM if you 1265 01:14:32,360 --> 01:14:35,600 have any questions. We update them pretty regularly 1266 01:14:35,600 --> 01:14:40,240 with posters, etcetera, dates, times, location, etcetera, 1267 01:14:40,240 --> 01:14:42,520 etcetera. That would be the easiest way if 1268 01:14:42,520 --> 01:14:45,640 you wanted to find more info and hopefully come along. 1269 01:14:46,200 --> 01:14:47,720 Love it. Love it bro. 1270 01:14:47,720 --> 01:14:49,080 Well, really appreciate your time. 1271 01:14:49,120 --> 01:14:51,720 Great story. Can't wait to get back down 1272 01:14:51,720 --> 01:14:53,280 there and actually hit it. I was there. 1273 01:14:53,280 --> 01:14:56,880 I think it was last August and. I I can't wait to get down there 1274 01:14:56,880 --> 01:15:00,200 and and see how it's improved and and see more bitcoiners and 1275 01:15:00,840 --> 01:15:02,720 yeah man. I'll, I'll definitely be hitting 1276 01:15:02,720 --> 01:15:04,280 up the farmers market when I'm down there. 1277 01:15:04,280 --> 01:15:06,520 Go. Do you mind if I plug one more 1278 01:15:06,520 --> 01:15:07,680 thing? Actually, yeah, shoot it. 1279 01:15:07,960 --> 01:15:10,760 Thank you. We, we're doing another market 1280 01:15:10,920 --> 01:15:15,080 on the 9th of November that's coinciding with like the third 1281 01:15:15,080 --> 01:15:19,160 day of the conference and that one's going to be a really big 1282 01:15:19,160 --> 01:15:21,120 one. We're getting bands, we're going 1283 01:15:21,120 --> 01:15:23,120 to have a little dirt bike track. 1284 01:15:23,120 --> 01:15:26,760 We're going to have skating competitions, prizes and stats, 1285 01:15:26,760 --> 01:15:29,600 things like that. We're also shout out to 1286 01:15:29,600 --> 01:15:34,960 Winekeus, he let's go, that's Winekeus because he coined the 1287 01:15:34,960 --> 01:15:37,400 term plebique. So we're going to do a big 1288 01:15:37,400 --> 01:15:41,080 plebique as well. We're going to do a big, big 1289 01:15:41,080 --> 01:15:47,200 fire pit and smoke a whole bunch of meat and do that as part of 1290 01:15:47,200 --> 01:15:49,240 the whole market. So that's going to be a really a 1291 01:15:49,240 --> 01:15:51,960 really fun day. Love it, bro. 1292 01:15:51,960 --> 01:15:54,360 Love it. Well, shouts out the wine. 1293 01:15:54,800 --> 01:15:57,600 Yeah, he hate, he hates when I say it, but he is the 1294 01:15:57,600 --> 01:16:02,560 influencers influencer and he's behind the scenes and you know, 1295 01:16:02,560 --> 01:16:06,000 I know he wants to be more of an influencer, but he's just, you 1296 01:16:06,000 --> 01:16:07,640 know, he's got his tentacles everywhere. 1297 01:16:07,840 --> 01:16:09,440 Shuts out the Winegas. Indeed. 1298 01:16:10,960 --> 01:16:13,080 Well, thank you guys very much for having me on. 1299 01:16:13,080 --> 01:16:15,200 No, man. Appreciate the opportunity to 1300 01:16:15,800 --> 01:16:18,360 you know, yeah man, this is this. 1301 01:16:18,360 --> 01:16:20,280 Is what it's all about. You know, this is what the 1302 01:16:20,280 --> 01:16:22,360 culture segments about IS is highlighting. 1303 01:16:22,360 --> 01:16:26,360 Bitcoin is doing cool stuff and continuing to push that Bitcoin 1304 01:16:26,360 --> 01:16:29,440 culture forward and, you know, giving. 1305 01:16:30,120 --> 01:16:32,520 Giving attention to a bunch of cool projects so that people 1306 01:16:32,520 --> 01:16:35,840 know that there is more Bitcoin is out there doing cool stuff 1307 01:16:35,840 --> 01:16:38,520 and maybe they should get involved or maybe create their 1308 01:16:38,520 --> 01:16:39,880 own farmers market. I don't know. 1309 01:16:39,880 --> 01:16:41,560 You know, hey, I'm just a top your own. 1310 01:16:41,680 --> 01:16:43,680 It's a decentralized movement, right? 1311 01:16:43,720 --> 01:16:45,960 I want to see more of these things around. 1312 01:16:45,960 --> 01:16:49,520 In fact, if you have any, if someone's thinking about it, DM 1313 01:16:49,520 --> 01:16:52,200 me because I've learned a few lessons along the way. 1314 01:16:52,200 --> 01:16:54,920 If you you know, I can help you not make the mistakes that I've 1315 01:16:54,920 --> 01:16:55,320 made. So. 1316 01:16:56,280 --> 01:16:57,160 I love it. Yeah, so. 1317 01:16:57,320 --> 01:17:03,080 But dude, I love, man. That makes me Opti. 1318 01:17:03,080 --> 01:17:05,160 We haven't just been talking crap, bro. 1319 01:17:06,800 --> 01:17:08,240 Do you understand? Listen. 1320 01:17:08,240 --> 01:17:10,520 So do you understand? No. 1321 01:17:10,520 --> 01:17:12,440 People don't understand. You don't understand. 1322 01:17:12,440 --> 01:17:15,760 OK? Latin America is not like the 1323 01:17:16,000 --> 01:17:19,680 US, OK? Like it's not like the US. 1324 01:17:20,080 --> 01:17:23,400 Like, it's the type of place where you can't wear certain 1325 01:17:23,400 --> 01:17:25,960 watches on the street. You don't want to pull out your 1326 01:17:25,960 --> 01:17:28,680 iPhone, right? You don't want to pull out your 1327 01:17:28,680 --> 01:17:31,640 phone, right. You kind of want to just be wary 1328 01:17:31,640 --> 01:17:33,720 of your surroundings and stuff, right? 1329 01:17:34,360 --> 01:17:36,720 So it's a kind of a little bit of a different environment. 1330 01:17:36,880 --> 01:17:41,880 And the fact, and I I agree with you, bigger cities are depends, 1331 01:17:41,880 --> 01:17:43,480 right? But you know, they tend to be, 1332 01:17:43,480 --> 01:17:45,040 let's just say, a little bit more developed. 1333 01:17:46,160 --> 01:17:48,280 But the countryside? No, no, no, no. 1334 01:17:48,280 --> 01:17:51,440 That's a whole different world. And the fact that you're having 1335 01:17:51,440 --> 01:17:55,800 a a good experience as an expat, someone not Hispanic. 1336 01:17:56,080 --> 01:18:01,960 How's your Spanish, by the way? Estrella prendiendo, Pero esmal. 1337 01:18:03,880 --> 01:18:06,080 Cassie Etagando Etagando. OK. 1338 01:18:06,440 --> 01:18:12,240 So, so, but yeah, man, that that to me is, is that's awesome that 1339 01:18:12,240 --> 01:18:13,880 that's. It's. 1340 01:18:13,880 --> 01:18:16,800 Oh, man. Naeem Boukele, Absolute Legends 1341 01:18:16,920 --> 01:18:21,640 Boukele 2024, KLA 2024. All right, everybody, let's get 1342 01:18:21,640 --> 01:18:22,600 to the memes. Let's do it. 1343 01:18:29,200 --> 01:18:37,640 The Daily Meme Review. All right guys, you already know 1344 01:18:37,640 --> 01:18:39,880 the deal. This is the meme review where 1345 01:18:39,880 --> 01:18:44,840 you tag me in memes on Twitter. Simply Bitcoin TV or my personal 1346 01:18:44,840 --> 01:18:45,880 one. Optimist fields. 1347 01:18:46,360 --> 01:18:48,880 I'll keep doing that for a little bit until it gets too 1348 01:18:49,640 --> 01:18:53,040 much notifications or drop them in our Telegram group. 1349 01:18:53,040 --> 01:18:56,880 T dot me simply Bitcoin TV. I look through them every 1350 01:18:56,880 --> 01:18:57,440 morning. Guys. 1351 01:18:57,440 --> 01:18:59,000 You guys are still just giving me. 1352 01:18:59,000 --> 01:19:00,160 You're still just stealing memes. 1353 01:19:00,160 --> 01:19:01,680 They're not giving me the Twitter account. 1354 01:19:02,280 --> 01:19:05,760 I'll take the Noster tweets or posts or burps or whatever the 1355 01:19:05,800 --> 01:19:09,920 whatever you call them on Noster now, tweets are the bullets. 1356 01:19:10,160 --> 01:19:12,960 Memes are the artillery. As we've constantly been 1357 01:19:12,960 --> 01:19:18,840 reiterating on this show, we are in an information war, and it's 1358 01:19:18,840 --> 01:19:22,400 upon us to spread the signal to ridicule the corporate press. 1359 01:19:23,040 --> 01:19:25,240 To get the humor out there, because if you tell people the 1360 01:19:25,240 --> 01:19:29,200 truth and you don't make them laugh, they may just kill you. 1361 01:19:29,240 --> 01:19:32,720 As George Carlin usually said, like no, go go back to the 1362 01:19:32,720 --> 01:19:34,840 memes. Go what? 1363 01:19:34,880 --> 01:19:40,720 What is going on here anyways, guys, there's the meme review. 1364 01:19:40,720 --> 01:19:43,160 Get your meme review scores ready, because we've been 1365 01:19:43,160 --> 01:19:46,480 delayed too long, and drop it on the last one. 1366 01:19:46,840 --> 01:19:50,320 So that we can. You can't vote for me for 2028. 1367 01:19:50,520 --> 01:19:51,880 It won't work. It won't work. 1368 01:19:52,600 --> 01:19:56,280 Get your mean review scores ready because we've had delays. 1369 01:19:56,280 --> 01:19:57,800 And then we want to keep it going. 1370 01:19:59,120 --> 01:20:00,240 All right, guys, all right, all right. 1371 01:20:00,960 --> 01:20:05,120 Theme is by Michael Saylor. I just love when billionaires 1372 01:20:05,120 --> 01:20:08,680 meme with us on Twitter. And this is something I've been 1373 01:20:08,680 --> 01:20:10,200 saying. This is the theme I've been 1374 01:20:10,200 --> 01:20:13,880 hitting on all week. And James is a part of this. 1375 01:20:14,360 --> 01:20:17,880 Engineer a better future with the Bitcoin standard. 1376 01:20:18,080 --> 01:20:21,240 And you can see here Bitcoin logo with, you know, the atoms 1377 01:20:21,240 --> 01:20:23,680 and mathematical equations behind it. 1378 01:20:23,680 --> 01:20:27,480 And you know, I don't know who, I don't know who's doing the AI 1379 01:20:27,480 --> 01:20:29,880 for Sailor. I doubt he's the one using it 1380 01:20:30,240 --> 01:20:32,040 himself. Maybe he's got his secretary 1381 01:20:32,040 --> 01:20:35,680 doing it, but constantly making the AI memes engineer better 1382 01:20:35,680 --> 01:20:37,000 future guys. This is the way. 1383 01:20:37,160 --> 01:20:40,440 This is what we're all doing here, figuring out how we can 1384 01:20:40,480 --> 01:20:45,760 all participate and further push the Bitcoin standard. 1385 01:20:45,760 --> 01:20:49,440 Anyways, next meme is by Maxi's club and we got a bear here 1386 01:20:49,440 --> 01:20:54,040 crying with its red candle, and we have a bull stealing its 1387 01:20:54,040 --> 01:20:56,880 chart of my first market and some green candles. 1388 01:20:56,880 --> 01:21:01,680 Guys, I'm not fully confident that I can say we're in a bull 1389 01:21:01,680 --> 01:21:03,520 market yet. We might have one more dip in, 1390 01:21:03,520 --> 01:21:05,000 but it feels like we're in a bull market. 1391 01:21:05,000 --> 01:21:08,320 You know, 35 K feels pretty good and the green candles will come 1392 01:21:08,320 --> 01:21:11,880 soon, so make sure you're stacking. 1393 01:21:11,960 --> 01:21:15,000 Make sure your Bitcoin is in cold storage stacking. 1394 01:21:15,280 --> 01:21:19,880 Make sure you are in a good position before the bull begins 1395 01:21:19,880 --> 01:21:22,480 its run. OK, next one is by our boy 1396 01:21:22,480 --> 01:21:26,760 Vikingo, AKA at Vikingo Bitcoin 9 and he just goes hashtag BTC 1397 01:21:27,120 --> 01:21:30,160 and we got a classic NPC Whoa Jack here and it goes. 1398 01:21:30,160 --> 01:21:33,720 Bitcoin isn't worth anything. And the context here for Vikingo 1399 01:21:33,720 --> 01:21:36,280 is he keeps trying to get paid in Bitcoin. 1400 01:21:36,280 --> 01:21:37,760 He keeps having these conversations. 1401 01:21:37,760 --> 01:21:40,000 He's getting very black pilled. He's like, I don't even want to 1402 01:21:40,000 --> 01:21:42,800 have these orange pilled conversations with people 1403 01:21:42,800 --> 01:21:45,120 anymore. I'm kind of the same way like we 1404 01:21:45,120 --> 01:21:47,200 do the show, I I let them come to me now. 1405 01:21:47,440 --> 01:21:50,640 You know sometimes us bitcoins can be unbearable. 1406 01:21:50,640 --> 01:21:53,520 I I don't even try to orange pill the vendors anymore. 1407 01:21:53,520 --> 01:21:55,320 I'm just like OK you want Fiat? Fine. 1408 01:21:55,320 --> 01:21:57,680 Like I got Bitcoin but whatever, fine, fine, fine. 1409 01:21:57,880 --> 01:22:00,160 We get it. You know the the whoa Jack out 1410 01:22:00,160 --> 01:22:02,520 there the MPC out there is going Bitcoin isn't worth anything. 1411 01:22:02,720 --> 01:22:06,920 Well guys, it's 35K and as we move into the bull run, more 1412 01:22:06,920 --> 01:22:09,960 people will wake up to the fact that Bitcoin is worth a lot. 1413 01:22:09,960 --> 01:22:13,200 It's actually worth $35,000. Who would have thought? 1414 01:22:13,440 --> 01:22:17,520 OK, next one, shout out the Big Sean Harris 'cause he's the GOAT 1415 01:22:17,760 --> 01:22:20,960 and he just goes unpopular opinion bitcoiners when you buy 1416 01:22:20,960 --> 01:22:23,360 Bitcoin from an exchange they don't like. 1417 01:22:23,440 --> 01:22:25,920 And we have Dwight from the office. 1418 01:22:26,520 --> 01:22:30,400 This might not even be from the office though, but he's in a oh, 1419 01:22:30,400 --> 01:22:32,520 wife beater looking very concerned. 1420 01:22:32,840 --> 01:22:36,960 And also, I want to add to this one, It's what Big Sean says. 1421 01:22:36,960 --> 01:22:39,480 And I say this all the time as well, so shouts out the Big 1422 01:22:39,480 --> 01:22:40,920 Sean. He says, I don't care where or 1423 01:22:40,920 --> 01:22:43,600 who you buy your Bitcoin from, as long as you have the ability 1424 01:22:43,760 --> 01:22:47,960 to move it into your cold wallet where you own your own keys. 1425 01:22:49,760 --> 01:22:54,000 This is the way guys like we all have, you know, our favorites. 1426 01:22:54,720 --> 01:22:59,360 Maybe you're a no KYC advocate, maybe you just don't even care. 1427 01:23:00,080 --> 01:23:04,000 Maybe you're a peer-to-peer guy. All that really matters is that 1428 01:23:04,000 --> 01:23:06,880 you take your Bitcoin into cold storage, that you own the 1429 01:23:06,880 --> 01:23:09,600 private queues. And as more and more people get 1430 01:23:09,600 --> 01:23:13,880 on the Bitcoin standard, all of this will be for naughty and it 1431 01:23:13,880 --> 01:23:15,640 really won't matter in my opinion. 1432 01:23:15,640 --> 01:23:18,200 Maybe I'm naive. I understand the threats from 1433 01:23:18,280 --> 01:23:22,320 authoritarians, tyrants and all that stuff, but in my opinion 1434 01:23:22,320 --> 01:23:24,280 they can barely control their own monetary network. 1435 01:23:24,280 --> 01:23:25,400 You think they're gonna control ours? 1436 01:23:25,400 --> 01:23:30,200 Nope, not gonna happen. Anyways, side tangent next week 1437 01:23:30,680 --> 01:23:32,840 in by Rory. Hindsight shout out to Rory. 1438 01:23:33,560 --> 01:23:36,440 Also an Aussie a go in my opinion. 1439 01:23:36,440 --> 01:23:39,800 Been around for a long time. Wait, hold on, hold on. 1440 01:23:39,960 --> 01:23:47,760 James, could you say Kangaroos? Kangaroos wait, wait, wait, Can 1441 01:23:47,800 --> 01:23:49,960 you we? Actually, just call them Roos. 1442 01:23:50,440 --> 01:23:52,720 But can you say no? Can you do it? 1443 01:23:54,720 --> 01:23:57,920 No. Ner, where does the R come from? 1444 01:23:57,920 --> 01:23:59,000 I don't get it. OK. 1445 01:23:59,000 --> 01:24:01,080 Anyway, side tangent, there's much. 1446 01:24:01,120 --> 01:24:04,200 To do on that big pile of sand. So we have to get creative with 1447 01:24:04,560 --> 01:24:08,280 that language. You know, OK, Rory, high side 1448 01:24:08,280 --> 01:24:10,520 goes. All wars are banker wars. 1449 01:24:10,520 --> 01:24:13,080 War is expensive. Burr is inevitable. 1450 01:24:13,080 --> 01:24:17,280 Opt out with Bitcoin and we got a picture here of Jerome Powell 1451 01:24:17,720 --> 01:24:23,040 with a burning pile of cash in front of him and the Bitcoin or 1452 01:24:23,040 --> 01:24:25,760 not the Bitcoin flag, The American flag in red or is this 1453 01:24:25,760 --> 01:24:27,160 orange? I can't tell I'm colored blind. 1454 01:24:27,160 --> 01:24:29,640 Is this orange or is is this orange tinted? 1455 01:24:29,640 --> 01:24:31,480 Is it red? The fire? 1456 01:24:31,480 --> 01:24:37,200 The fire is tinting it orange. OK, what do you what do you see? 1457 01:24:37,720 --> 01:24:40,840 It looks kind of orange, but like kind of red to me. 1458 01:24:40,840 --> 01:24:42,360 I don't know. Interesting. 1459 01:24:42,560 --> 01:24:48,560 All right, this last one is my RDBTCAKLRD, under score BTC. 1460 01:24:48,560 --> 01:24:50,560 And he goes, it's a way of life, Hashtag Bitcoin. 1461 01:24:50,880 --> 01:24:53,200 And here's all of the new bitcoins. 1462 01:24:53,200 --> 01:24:56,240 Here's all of us. Basically, we got a guy here 1463 01:24:56,240 --> 01:24:59,600 sitting, you know, on a platform, he's in a suit and 1464 01:24:59,600 --> 01:25:01,280 he's laserized. He goes when you first find 1465 01:25:01,280 --> 01:25:04,560 Bitcoin and you just sit there with laser eyes like this is who 1466 01:25:04,560 --> 01:25:06,160 I am now. I guess I'm a bitcoiner. 1467 01:25:06,280 --> 01:25:10,560 I I guess this is my life. I guess my whole life purpose is 1468 01:25:10,560 --> 01:25:13,920 to try to orange peel people to huddle these coins, to 1469 01:25:13,920 --> 01:25:18,360 continuously interject Bitcoin into every conversation 1470 01:25:18,360 --> 01:25:20,560 possible. Because Bitcoin fixes this. 1471 01:25:20,720 --> 01:25:22,600 This is who I am now. I've accepted this. 1472 01:25:22,600 --> 01:25:26,240 I am OK with this. I I'm the Unbearable Bitcoiner. 1473 01:25:26,240 --> 01:25:27,880 It is what it is. It is what it is. 1474 01:25:28,080 --> 01:25:31,640 All right guys, drop your meme review score in the chat as we 1475 01:25:31,640 --> 01:25:35,560 cover ours live and we will get to yours. 1476 01:25:35,560 --> 01:25:37,360 Anika, you have yours out. Let's go with you first. 1477 01:25:37,360 --> 01:25:42,000 Yeah, I see Sophie is in the chat, so I'm going to give it a 1478 01:25:42,000 --> 01:25:45,760 fucking dancing squirrel 3. Dancing squirrels. 1479 01:25:46,800 --> 01:25:49,160 Pop, pop, pop, pop, pop, pop. Yeah, I was gonna say where's 1480 01:25:49,160 --> 01:25:50,560 the music, bro? Where's the music? 1481 01:25:54,080 --> 01:25:56,720 Yeah, that's enough. Where we get copyrighted. 1482 01:25:56,720 --> 01:26:00,760 That is my meme score. That is my meme score, alright, 1483 01:26:00,760 --> 01:26:06,120 my meme, my meme review score is the Bitcoin dog by our boy Will 1484 01:26:06,440 --> 01:26:09,240 Shouts out to you Will. But actually let me let me read 1485 01:26:09,240 --> 01:26:12,160 the note he wrote for me here when I saw him at Pacific 1486 01:26:12,160 --> 01:26:14,720 Bitcoin. He goes opti you bastard, love 1487 01:26:14,720 --> 01:26:19,600 you, the Bitcoin dog shouts out to you Will. 1488 01:26:22,560 --> 01:26:25,960 Yeah, I can read. Yes, this is true. 1489 01:26:27,320 --> 01:26:28,480 Better than you, too. That's true. 1490 01:26:33,160 --> 01:26:34,400 All right, James, your turn. I'm. 1491 01:26:35,080 --> 01:26:41,920 Going to give it one Bitcoin Air Max Dang. 1492 01:26:42,400 --> 01:26:46,720 Yeah, these are made by a little local artist here. 1493 01:26:47,560 --> 01:26:50,840 Sick. So come to Bitcoin country and 1494 01:26:51,280 --> 01:26:54,800 grab yourself a pair that's 20. Yeah, that's nice. 1495 01:26:54,800 --> 01:26:56,360 Do you only have one? Do you have a? 1496 01:26:56,760 --> 01:26:58,200 Is it? Is it custom? 1497 01:26:58,200 --> 01:26:59,000 Is it like? Did you? 1498 01:26:59,240 --> 01:27:01,400 Did he paint it? Yeah, yeah. 1499 01:27:02,400 --> 01:27:03,640 So you're never gonna wear those? 1500 01:27:04,520 --> 01:27:06,000 I know. Well, these are actually for my 1501 01:27:06,000 --> 01:27:07,800 lady. These are way too small for me. 1502 01:27:07,800 --> 01:27:10,720 But no, I don't think she's ever gonna wear them either. 1503 01:27:11,320 --> 01:27:14,000 Well. Little collector, Yeah. 1504 01:27:14,000 --> 01:27:15,480 Collector's Edition? Absolutely. 1505 01:27:15,480 --> 01:27:18,160 You don't want to increase your your Air Force ones, bro. 1506 01:27:18,160 --> 01:27:20,120 That's bad. Yeah, yeah, yeah. 1507 01:27:20,240 --> 01:27:23,560 I agree, definitely not. Well, great, great scores today. 1508 01:27:24,680 --> 01:27:28,320 Before we, before we get, before we get into the meme review 1509 01:27:28,320 --> 01:27:32,040 score, I want to give a shout out to to wine. 1510 01:27:32,240 --> 01:27:34,560 Really. Shut up wine. 1511 01:27:35,480 --> 01:27:37,720 Get our merch or wine. Will get upset with us. 1512 01:27:39,000 --> 01:27:42,560 He he's, he's our merch guy and I'm yelling at him to get you 1513 01:27:42,560 --> 01:27:44,400 guys hats. We're in the works. 1514 01:27:44,400 --> 01:27:46,720 We're talking about it. I know, I know, you guys are 1515 01:27:46,720 --> 01:27:47,960 going to yell at me in the. Chat. 1516 01:27:48,000 --> 01:27:51,080 It literally says Bitcoin or slavery in the stitching. 1517 01:27:51,080 --> 01:27:55,160 It's super freaking nice. Opti's wearing a represent. 1518 01:27:55,160 --> 01:27:57,160 Represent are the ones who made it for us. 1519 01:27:57,840 --> 01:28:01,200 Very high quality merch. We're working on the dad hats. 1520 01:28:01,200 --> 01:28:03,640 We're working on the on the snapbacks. 1521 01:28:03,640 --> 01:28:06,520 The snapbacks as well. Let me know, let me know in the 1522 01:28:06,520 --> 01:28:06,760 chat. We're. 1523 01:28:06,760 --> 01:28:09,400 Working on the female merch or in Telegram? 1524 01:28:09,400 --> 01:28:12,560 What do you guys want? Snapbacks, Dad hats? 1525 01:28:13,040 --> 01:28:15,680 Female sizes? I get it where you're going to. 1526 01:28:15,760 --> 01:28:19,160 You could really support the show by by really getting some 1527 01:28:19,160 --> 01:28:23,160 of our merch. Anyways, Opti, it's time for the 1528 01:28:23,160 --> 01:28:29,440 meme review. All right, Justin Boy. 1529 01:28:29,840 --> 01:28:35,680 Even Meme Score BTC peer-to-peer paradigm adoption completed 100. 1530 01:28:36,080 --> 01:28:38,280 Well, close not not completed yet. 1531 01:28:38,760 --> 01:28:44,600 OK, Will, Wettenheim says the process of opting out is backing 1532 01:28:44,600 --> 01:28:46,480 out. Always keeping an eye out on the 1533 01:28:46,480 --> 01:28:48,920 Lizard class. Phillip. 1534 01:28:48,920 --> 01:28:53,520 I don't know, Nico. You make Eric. 1535 01:28:54,560 --> 01:28:58,240 Philip Russo says Lagarde, looking away for any way to gain 1536 01:28:58,240 --> 01:29:03,360 access to Opti. That's a good one. 1537 01:29:03,400 --> 01:29:05,000 That was a that was a good censorship. 1538 01:29:05,000 --> 01:29:07,520 Narwhal tacos. Meme score. 1539 01:29:07,520 --> 01:29:10,600 Liz Warren's Ledger gets rugged by her own department. 1540 01:29:11,560 --> 01:29:16,840 Yes. Oh man, Next one. 1541 01:29:22,320 --> 01:29:23,880 I think there's a delay. There's the delay. 1542 01:29:24,560 --> 01:29:27,600 No, there isn't a delay. It's because we ran out of time. 1543 01:29:29,200 --> 01:29:31,840 We ran out of time. There's just we just ran out of 1544 01:29:31,840 --> 01:29:35,120 time. Anyways, guys, if you enjoyed 1545 01:29:35,160 --> 01:29:37,400 the show, make sure to smash that like button. 1546 01:29:37,400 --> 01:29:39,760 Consider subscribing if you feel like we provided you value. 1547 01:29:39,760 --> 01:29:42,760 But the number one thing you do to help this movement, share 1548 01:29:42,760 --> 01:29:45,880 Bitcoin content, share projects that bitcoiners are working on, 1549 01:29:45,880 --> 01:29:48,600 share Bitcoin art, that's we got to change the culture. 1550 01:29:48,600 --> 01:29:51,480 We got to fundamentally change the culture, change the culture. 1551 01:29:51,960 --> 01:29:54,120 We win this thing and I think we're going to win this thing 1552 01:29:54,120 --> 01:29:56,480 anyways, but it will just make it a lot faster. 1553 01:29:57,520 --> 01:30:00,720 I want to give a shout out to our guest, BTC Farmers Market. 1554 01:30:00,720 --> 01:30:02,600 Thank you so much for joining us today, man. 1555 01:30:02,600 --> 01:30:06,600 Really, really appreciate it. And shout out to you moving to 1556 01:30:07,240 --> 01:30:09,560 the shining country on a hill, El Salvador. 1557 01:30:09,880 --> 01:30:13,320 I'm so glad that you're having a great time and makes me really, 1558 01:30:13,320 --> 01:30:16,720 really happy that Naimbu Kele is, you know, doing good things 1559 01:30:16,720 --> 01:30:19,360 over there. Well, thank you very much for 1560 01:30:19,360 --> 01:30:22,000 having me on both of you. It's a pleasure to be here. 1561 01:30:22,000 --> 01:30:25,440 And sorry I don't get to watch the show as much as I would like 1562 01:30:25,440 --> 01:30:28,480 to. I'm too busy but fan of the 1563 01:30:28,480 --> 01:30:30,440 show. It's an honor to be here. 1564 01:30:30,440 --> 01:30:33,320 So thanks very much. The honor's ours, man. 1565 01:30:33,320 --> 01:30:36,600 Thank you so much for coming and hopefully we'll have you back on 1566 01:30:36,600 --> 01:30:40,480 soon and see see how your project is developing, man. 1567 01:30:40,480 --> 01:30:42,240 So thank you so much again for joining us. 1568 01:30:42,440 --> 01:30:44,400 Appreciate it all. Right guys. 1569 01:30:45,040 --> 01:30:46,520 Have an amazing weekend, everyone. 1570 01:30:46,520 --> 01:30:50,320 Take care. And you know some some well 1571 01:30:50,320 --> 01:30:53,600 needed rest. Relax, go outside, get some sun, 1572 01:30:53,720 --> 01:30:56,280 eat some good food, you know, hang out with good people. 1573 01:30:57,000 --> 01:31:00,040 Love you all. And we'll be back on Monday, 1574 01:31:00,080 --> 01:31:05,480 12:15 PM Eastern Standard Time for another episode of Simply 1575 01:31:05,480 --> 01:31:07,360 Bitcoin Live. Peace out, everybody.