Yeah, welcome to send Bitcoin live your number one source for
the peaceful Bitcoin revolution occurred.
Breaking news culture medic Warfare.
We will be your guide through the separation of money and
state. Anyways it's a funny news day.
It's a funny news day Greenpeace pays for a piece of art, then
ends up becoming this do piece of art.
This dope piece of Bitcoin art. This is green skull with like
laser eyes coming out. Like I have no idea what they're
thinking but look. The I don't think you could make
a negative piece of art on bitcoin, like that piece of art,
only makes sense. If you buy into the false
narratives of which are propagating, right?
You know, like that's the only way, it makes sense, right?
We always say this about memes, right?
The only reason that you find me, the only reason that memes
are so effective, is because they have a common denominator
in the common denominators truth.
So that means that They spread like, like wildfire because
people understand what those images are trying to tell them.
Now when you have a piece of art that that only a subset of very
small subset of people truly understand.
Then, you know, then you find yourselves in these types of
situations memes are not funny. Unless they're true, right?
That's the common denominator, and we always say this right?
Bitcoin is the truth. Anyways, we're gonna get through
all that That. But we also have very, very
special guest. Today, our friends over at
Luxor, have joined us. We have the man, the myth, the
legend, Nick himself, CEO of Luxor.
Thanks for joining us today. Are you doing, bro?
Doing really well, just got back from a quick overnight trip.
To Vegas. Wives were incredibly High
there, as well, just like everywhere.
So, out here ready to get back at back at the desk and and kick
it off with some really interesting talk about this run.
We've got some really interesting stuff related to
have straight FS price is coming up - get a little bit relieved,
so much about it. Absolutely.
And of course, another member of Matt, another member of Matt,
another member of Luxor. Matt, how you doing?
Thanks for joining us today. I'm doing well today, I have
yourself appreciate you joining us.
I'm going to meet you Mike for a sec.
You got a bit of background noise but well I'll meet you in
a sec anyways and I want to bring my legendary co-host.
Always optimistic Opti, did you wake up with a smile on your
Face this morning, you know, without spreading fake news.
I woke up pretty grumpy this morning, but it just took me
about an hour to, you know, get into The Vibes.
I'm the worst. When I was waking up, is the
worst part about the day? I'm not gonna lie.
What a shame, what a shame. Anyways, everybody, we have a
lot to talk about. I'm so excited.
We have the video from Greenpeace and of course, we're
going to talk about with their friends over at Luxor, is they
just released the Luxor firmware for a Miners.
That's freaking awesome. So we're going to dive into all
the details of that Nick and Matt have all the sauce.
Anyways everybody let's get two numbers.
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numbers at the time of recording.
The Bitcoin price is twenty eight thousand.
Five sites per dollar, 3570 block, height 780, 2332
reachable, Bitcoin node, 17,400 21 blocks to having 57600 68
having estimates April. Twenty twenty twenty four Total
light network capacity, 5300 5400, 35 capacity value 152
million, u.s. dollars real Sighs monetary inflation 1.76 percent
and the market capitalization 541 billion u.s. dollars,
anyways. Everybody I have a video for for
us today. Here's the legendary Gigi.
And he goes on to say, why is there still poverty?
And let's, let's check out the video and then we'll Riff on it.
Let's check it out. It is just very important in
these replies to people like Krugman that we don't get
involved in technical details, but ask them questions almost
like a child explain to me how the increase in paper pieces.
Can possibly make a society richer if that was a case,
explain to me why is there still poverty in the world isn't every
Central Bank? The world capable of printing as
much paper as they want and do you then sink, the society, the
world, as a whole would be a richer.
I'm sure the guy cannot answer. This type of question, nobody
can answer this type of question, but again, we get far
too much bogged down in answering technical details of
his argument. Instead of always repeating this
question, please explain to me how a piece of paper A can make
Society or culture. I mean, a lot of Truth, lot of
Truth in that lot of Truth in that.
Anyways, I feel like this is up your alley Opti because this is
a, some what do you call it? Like, pure Austrian economics.
Right here. Yeah.
Like some philosophical type of well, I am not.
I am definitely taking it a little philosophical here
because it did remind me of a tweet or actually more like a
mantra that / violin talks about all the time, Austrian Economist
on Twitter that I highly recommend everyone go.
Those and follows. And he just beats the drum of
the idea of like poverty is our starting point.
And the only way that we build Prosperity is literally by
building it. Like, this is what capitalism
allows for us is providing value.
Providing products to the market creating Innovations new
technologies to make us richer. And as we know as bitcoiners
considering how much money has been bird, how much money
they've created, literally by the click of a button making
more paper. Money does not Not make us
richer and the Keynesian is out. There are huffing way too many
farts because if they think just making more money is going to
make more paper is going to make us richer.
They are holy confused and it's really disheartening how many
economists out there on mainstream media corporate press
and all this still believe in the LIE of Keynesian economics.
Like we understand as Austrian economists over here that people
need to put in work. People need to create things.
There's no other way than actually building stuff for us
to get out of poverty and just printing more money is not how
we make the world more prosperous.
I mean, as we've seen the Boomers out there again no hate
to the Boomers but they literally stole the future by
printing more debt than we could ever possibly pay.
And yet, they are going to continue to double down on the
idea that they can print more money and steal from the future
to provide to today. And it's just, it's wholly
mistaken. And again, you know, poverty is
the starting point and it's up to you guys out there as the
Bitcoin entrepreneurs to build the things we need to provide a
better future. We need to actually create
value, not just create more debt and more paper, because this
makes us more poor. And again, to the point in the
video, If creating more paper money was the route to
Prosperity, then why do we still see unimaginable pain?
Around the world. It's almost like a small group
of people are stealing the resources and wealth of the
world and transferring it and distributing distributing it
between themselves. Things that make you say.
Hmm. Anyways Mega I'll get off my
soapbox and man I knew so I knew that one was Opti.
I knew that was uh popped. He's a lie.
Like I had a feeling. I'm like yep.
Yep this this one's a this one's an alley-oop for Ali 44 up to
you anyways. Yeah man.
Look, it's so absurd, but again, you live in a world where, you
know, we it's specifically politicians, right?
Like the central Bankers are the enablers but politicians, like
you're like, look you know, free all these free things.
Everything's okay, everything's kubal.
Yeah. You know, we could print the
money to pay for things. What's never talked about are
the unintended consequences of many of money printing.
We always say it on the show. It's a wealth redistribution
mechanism from the lower and middle classes that do not have.
The means to Save and assets to back to the very, very wealthy
that cantillon are classic. We always say or, you know, back
to the government really rights never talked about.
But anyways, that's why we're here.
That's what the peaceful Revolution is all about.
So you opt out into Bitcoin, you put your time, your work, your
energy, your savings into something that truly values your
work and of course, that thing is Bitcoin.
Anyways, I'm going to pass it on to Nick Nick.
What are your thoughts on that video, bro?
You muted my friend. Try to be a good streamer always
nude in between, but yet. No, I think the ultimately comes
down to, you know, the the value of sent the value of sound money
for me like that. I do think that, you know,
they're effectively stealing future Generations.
Well, through what their, you know, the the policy that
they're implementing and they're in such a tough spot right now
because what, we know, the reason, the market was so
bearish, after the, the rate hike was that right?
Now what we're pricing in is more Banks failing.
They're going to be more Banks to fail.
There aren't like there are several that are already on the
brink, increasing rates causes them to have, even more pressure
and its really liquidity pressure like, for example,
Silicon Valley is not it, it's not insolvent itzel, it was a
liquid, they had all of their money tied up in short, ish term
bonds, things like that, which, which do pay interest.
But unfortunately, when the bank runs started on, so Secondly,
bank they realized that there was not enough cash for them to
pull that out and so these increasing rates definitely
cause more Banks to start to approach failure.
And so right now the like there's I don't know what the
outcome is ultimately going to because if you don't, if you
don't raise rates, inflation continues to run.
If you raise rates Banks start to fail, all of these things are
bad. And I don't know what.
I don't really know what the what the options are other than
just a complete opt out, which is why I'm such I'm so so
bullish pick Coin and I just sit, I sit in Bitcoin and don't
have to worry about it, kick it over to Matt, maybe he's got
some thoughts on that as well. Matt, what's your take?
Bro, I think you've got me muted.
Still? No, I muted you.
Okay, oh, the whole thing went away.
No, I mean, I'm right there with you, like I was a little bit
negligent and having some funds on an exchange, but like, when
the the Run started happening that's Sunday before, or after
SVU, starting to go down, I just like, nope.
You got to go sit down, spend a couple hours.
Make sure all my Private keys or where they say, they're supposed
to be seed phrases, the warden just salt started.
Hauling it off. And it's definitely a comforting
feeling to know that I like, hey, I've got a, I've got a nest
egg that I can just kind of step away with and, and take care of
things if I need to. So, yeah, I mean, ultimately,
that's what drew me into Bitcoin, like I'm a relatively
new adopter, but I've gone in pretty hard on it.
So like they started printing stimulus checks.
It's like, where's this going to come from?
Exactly? I don't know that this makes a
lot of sense long-term and it just kind of Drew out and more
and more evidence came out about that.
Yeah, this isn't going to stop or turn around any time soon.
So I better start developing some plans for the future 100%
100% and that's what people really don't, you know?
Like they don't really realize that, right?
And that's like kind of the tragedy of like the this time
each X where it's like, oh, you know, I'm getting this free
money from the government but they don't really realize like
that money ain't free. You know, they have to print it
and when they print it, it's basically stealing stealing from
People's, you know from people's work right?
So anyways it's very interesting I really enjoyed that that bit
video is enlightening. Anyways everybody let's get to
news. We got a lot to talk about.
Let's check it out. The Daily News, The Daily News
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boom you add. Anyways that was that was a
tough one. That was a tough one because the
Jade is the Jade is green, so it matched with the green screen.
Anyways. So I had to use some purple
lights instead. Anyways, everybody.
So this is a big, this is the Big Kahuna is the big news for
today Greenpeace Fudd, backfires funds, badass, Bitcoin artwork,
Oh man, these are the shadowy super quarters, I guess anyways,
to me personally maybe as a bit corner, I think that looks dope.
You know, maybe I wouldn't have it my house but like I think it
looks clean anyways. And the latest move of the
campaign, the activists revealed an 11 foot statue called Satoshi
skull took over 1,000 hours of human work to make the artwork
was designed by artist Von Wong and here's another one.
According to the artist website, the skull is meant to expose
Bitcoins. Impact on climate change.
Nevertheless, many Bitcoin plebs have come to actually admire the
artwork, some calling it, the most metal Bitcoin artwork to
date. Right?
Goes on to say, here's level 39. Just going to put it out there,
put this out there, the Vaughn want the Von Wong is a is a
pretty cool dude. Which just an artist hired by a
corrupt organization, what was the corrupt organization Peta
Greenpeace? The truth is that he's actually
interested in Bitcoin and honestly, the artwork is pretty
awesome and who hired Greenpeace He knows the guys behind Ripple,
right? So anyways, beater McCormack
says, is the green screen? Peace goal for sale David?
Bailey is it possible to get the skull of satoshi's the Bitcoin
conference here and vkc of coin? Kite does anyone know the
license of the artwork? The skull artwork and BT
sessions. As I want the laser eyed Bitcoin
skull and a shirt anyways, Von Wong the artist replies.
I really expect to find constructive conversation on the
internet but the DMS have been worth the heat learning a lot
from level 39. I don't think they had like I
don't think that this is what they had in mind.
Anyways, here's a video of the artist.
Let's check it out and we'll talk about it.
Think Bitcoins not bad for the environment.
Think again, introducing Mikey was collaboration with
Greenpeace. I'm Benjamin Von Wong and I use
art to raise awareness for issues like plastic, pollution,
and climate change. Six months ago.
I was studying the impacts of climate change in Greenland
where I saw firsthand. What the climate crisis looks
like Greenland's ice sheet is melting fast and witnessing it
with my own eyes with absolutely gut-wrenching.
That's where I met Ralph from Greenpeace and learn about how
Bitcoin could help solve climate change.
You hear that fixing Bitcoin is going to solve climate change
everybody. Here's the original post from
his website. I built an 11-foot skull covered
in E-Waste to expose Bitcoins impact on climate change.
And what's interesting though is that you know, we got we got
some awesome miners as guest today.
Those don't look like ASA cash boards.
Those are just like a regular hash boards.
And you know maybe you could say, those are ethernet cable.
I don't know, bro. Goes on to say the giant skull
was built using Wood recycled styrofoam and over 300 pieces of
electronic waste. It goes on to say with a
thousand, human hours of work. We brought the skull of Satoshi
to life in a huge abandoned warehouse.
These These are these are the suits were trying to reach
institutional investors supporting and energy devouring
Bitcoin. But I mean like I don't think
institutional investors don't make those types of decisions.
Anyways everybody I think it's absolute like Ludacris.
It's just absolutely hilarious. I don't know Opti.
What are your thoughts, bro? What do you think?
Well, first and foremost, it is like a very cool shots like
that. That school is pretty badass.
Like, again, as bitcoiners. What do we always do?
We just turn negatives into positives.
It is our mean world. And everyone else is just living
in it. And I literally, I mean
interview, today is nothing but green skull meme.
So this is just how we do things.
We Weekly Co-op, whatever you guys are talking about and we
make it good. So there's that and then also, I
don't know if you saw but the artist deal Von Wong, has come
out on Twitter today after getting a lot of feedback and I
think he's either become orange pill door, is becoming orange
pilled, because he's recently stated on his Twitter account,
that proof of stake will go against Bitcoins, eat those of
decentralization. And he's glad that there was a
bunch of this might be added. Agha Tori would turn but Bitcoin
Eco Warriors out there that are are you know educating him and
showing him that Bitcoin is good for planet Earth.
Bitcoin is good for the the energy grids and again like
there's no such thing as wasting electricity so you know as a as
a Bitcoin ER again it is 0 Hold on, I think I need to take you
down. That's me, got it.
Yeah, okay, all right, so as a big corner, you know someone
that has put in the work to understand Bitcoin and its
energy. Use on the one hand, it is, you
know, kind of disheartening that we have to continuously battle
the Fudd of Bitcoins boiling, the oceans, because I remember
what they say. You know, Bitcoin is going to
take over like all of the energy use.
And yet, here we are. It's almost like Bitcoin fixes
the grid and they really need to get better at their messaging
because obviously we know that they're paid off.
There's, there's a very real link between the Greenpeace to
change the code movement and the co-creator of Ripple, Chris
Larson. He basically paid them off to
spread Fudd and hey guys. Like, if you want to change the
code, there's such things as Bitcoin Improvement, proposals,
and you guys could propose some code changes and we shall see if
the free market accepts them's. But what do they do?
They just go out on Twitter. You know, they just continue to
make up lies. continue to, in my opinion just just Say a lot of
bullshit, sorry, Nico. But that's not.
That's the, but that's not what they're advocating for.
Like, they're advocating for like coercing people to use.
Yeah, their code per code proposal if they accumulate
enough political willpower, like that's what they're advocating
for. They're not advocating for
because they could for Kit Greenpeace is very, very like,
they could totally Fork their version of Bitcoin.
But they know that they know that not that many people are
going to adopt it, right? Right?
So they want to coerce people into using the version of
Bitcoin that they want, but that's not necessarily what
everyone wants. You know, this is Fiat has fuck.
This is proof of stake as fuck, but I'm so happy that it's
totally backfiring and it just their meme didn't work.
They got out. Memed, they thought they would
meme us. We mean them back harder and
it's so funny, you know, watching the artist be like,
hey, you know, I wasn't totally correctly informed in this on
this, you know. But hey, Look looks bad on
Greenpeace. But who's behind Greenpeace
who's funding Greenpeace? Has a ripple guys, right?
So this is a really add attack from another shit coin.
And here we are. Anyways, when you come, before
we go on, imagine trying to battle the army of Bitcoin
autists, in a me more like wouldn't want to do that?
Anyways, Nick, what's your take on this broad must be close to
heart. You know, this is this is a
direct attack on Bitcoin mining energy use.
Yeah, but I mean, It's not new, it's nothing new.
It is kind of hilarious that they made.
They made this point out, it's not all the time to make this
piece. Then now all the energy energy,
wasters energy wasting, enjoy yours out there now, really like
and so I think, you know, it's that, that is that is pretty
comical. I mean a lot of people have
like, inscribe it and everything as well, which is even more
ironic and funny. But yeah, I think right now
we're going to see we're going to see what the where they're
like, where their morals actually live with.
With regard to how they approach this because right now, all it
is, is just for to signaling and LARPing because they're not
actually doing anything other than just, like, shouting into
the clouds. I agree with you.
Like you said, if you want to, if you want put out a bit, go
put out a bit. We can talk about it.
It's not that it's you, anybody can open a bit, so let's let's
see. You know, let's see where it
lands on the point of wasting energy.
Actually we technically are wasting energy.
That's like one of the mechanisms of proof of work is
that you need to provably, be basically what you're doing.
When you're doing proof of work is showing that you have some
economic incentive within this ecosystem or within this
decentralized network. So you do that by proving that
you wasted some energy. And what you're wasting is all
of the hashes that are below the Target and so you can
effectively matchup that I've wasted some number of, I've
expended some level of effort by proving that I've done all these
other hashes to submit, you know, ultimately the winning
block that said, the the term waste in this.
Guard is, is maybe not the right term because what you're really
doing is just proving your or economically.
I guess your economic interest in this decentralized network
and yeah I mean that's just the bottom line.
The the point though that it, you know, wasting energy or even
using energy in this way using energy in this way to prove that
you're doing some work isn't inherently bad, Our Generation
them, like I feel like probably the majority of your listeners
are millennials. I'm a millennial women.
I'm what they call a geriatric Millennial, an older Millennial
but I think we have all been taught ever since.
You know what? Maybe when I started going to
school and like they're like when I started going like
regular public school, like 98 like, 1998 through like 2007.
We were all kind of taught that you should, you know, conseil
conserve energy, all of those things, but it's really like.
And so we've been ingrained with this idea that using energy is
bad, you know, flying on planes and doing all this stuff is
inherently. That it's not inherently bad.
To use energy, actually energy, the more energy that a society
consumes the better, human The Human Condition, United States
uses, more energy than any country in the world.
They also have the highest quality of life of any place in
the world. So that is I guess that that is
that correlate with other you know top first world Nations as
well. You know China is starting to
use a ton of energy but they are also a massively improving the
quality of life that people there.
So continuing to use energy while we have been trained to
think is bad is actually very, very good for your society.
When we question that point and expanding a little bit more on
it, what we see what we see, like being able to be able to
use and consume this energy, the reason that we're sorry, the
reason that we were taught that it's bad.
It's actually from the pollution that comes from it.
Now there are some that would say that there are some that
will say that you maybe CO2 isn't a bad thing.
I don't subscribe to that. I do think that that is That we
are in somewhat of a climate crisis.
Is it human-caused? Probably, but I also think that
that is a side effect of increasing other people's
quality of life. Sure we do have more and more
unstable climate but that comes at the cost that comes at the
benefit of many, many more people joining like the first
world. And so in the end of the day, I
think everything that has happened up to now has been a
net benefit for Humanity from an energy consumption perspective.
Of Bitcoin. Now, teaches us how to harness
energy. More effectively, produce
cleaner energy. And I've said it before and I'll
say it again that Bitcoin mining is going to save the world by
incentivizing renewable energy, route generation, and continuing
to push that technology forward is going to be amazing.
So those are good of a long bit of a long bit there, but it's
something I'm really passionate about because Bitcoin mining is
going to save the world because of the way that it incentivizes
renewable. Generation.
Matt can see that you're chomping at the bit on this one.
Yeah, I mean, just to the point about the absence of hash boards
in the sculpture, I mean ripples got a lawsuit to fund, so they
probably had to scale back on the budget at this.
Hash boards are pretty expensive, these days and then
about energy consumption. Yeah, I mean, the whole point
about it, human flourishing and energy consumption.
Like those are, there's plenty of data out there to support
that. So I don't Think there's any
point in trying to debate that I don't want to beat a dead horse.
I definitely agree. I was out in West Texas to start
the week working on our firmware and just driving past, I'll
shout out, Steve Barber. The, the fields of coal because
there is tons of solar panels out there and they're all made
with coal, right? But the, the idea that consuming
energy is bad is just kind of laughable.
It's, he Barbara also says that either your Tesla is zero
emission. Either both your Tesla and your
minor or zero emissions are neither are right.
Like consumption of power isn't the problem.
It's the source of the power. If you want to go down the right
of Kurt, go down the path of curbing emissions and there's
obviously something to waste not want not.
But if you want to talk about energy waste let's talk about
the loss of power in transmission lines in in space
heaters in Canada. Let's talk about all the
different ways that we waste. Energy.
Because ultimately the reason that Bitcoin wastes energy is
because when you look at it as a currency what is a currency,
it's a medium of exchange and most economists leave the end of
that phrase off. Like, what is it?
An exchange of ultimately it's an exchange of value, which is a
proxy for people's time and energy, right?
So like if you try to eliminate the energy from the introduction
of currency to an economy, you lose you lose, you get Fiat, and
you get the depreciation, you get the D.
Nation of a currency. And that's what we've had for
decades now. WWF happened in 1971.
So the idea of trying to separate consumption from the
generation of Bitcoin is laughable, but it's also a
really good insight into how naive people can be.
I mean, for example, when I first came to pick one of my God
can probably just write like a python script.
I won't be able to make a lot of Bitcoin but I can probably mined
Bitcoins like, yeah, I probably could write a python script, but
when I say not make a lot, that would be probably the
understatement. Man of the decade.
There's just a lot to learn for everyone in kudos to this guy
Von Wong. I hadn't followed him at all,
but if he's really hearing out bitcoiners and, and learning
something, that's, that's more valuable than anything that
Greenpeace would have contributed here.
It's just, it's a shame that they're trying so hard to derail
a product not a project cultural movement, that they're
ultimately just trying to profit from on the other side with a
inferior technology. 100% 100%. Percent.
And that's really, you know, that's really the signal here,
right? Is that, you know what you said
about the artist, right? I don't think he totally knew.
I think what he was Fed was, what Greenpeace was telling him.
I don't think he understood the Nuance because like, there's
Nuance to it, right? It's like Bitcoin.
Yes. Bitcoin uses a lot of energy.
But what energy does, what energy is it actually using,
right? And that makes a total
difference, right? Because it's like Bitcoin isn't
using energy that, you know, in populated cities, it would be
unethical. Economical for Bitcoin miners,
using Bitcoin is using isolated energy, you're stranded energy,
that's the only way. It's economics economic
economically viable especially in a larger scale, right?
And that's never talked about, right?
It's always like Bitcoin is using more energy in the country
of Denmark, right? I don't know Nick if you want to
chime in to that. I do unplug Denmark.
No don't like Denmark Denmark school.
Love them for a few minutes but anyway.
Yeah. I'm just going to kick it over
to that. I went too long on the last one
took of all the air space. There is going to kick it right
over to Matt. Hi, Matt.
I mean, it is what it is, y'all. I mean, like the idea of trying
to criticize energy consumption is just, it's laughable in the
context of incentivizing incentivizing, development of
efficient, use of energy, like there's no better tool than
Bitcoin. Like, and so, here's the thing.
It ultimately boils down to like some of Our core beliefs about
how Society should be structured, are you a top, a
believer, in top-down government.
And if you are then, like I can understand how you might come to
the conclusion that you need to, to eliminate Bitcoin.
Because that's, that's not in line with the top down
narrative. But if you have any belief in
like open societies free markets and even if you're like
skeptical of free markets because of the, the crony
capitalism that's happened for the past five decades, right?
Like, even if you're skeptical, but you think that is, A chance
they could work. You should really be listening
to what Bitcoin is were saying because there is no better
incentive to develop a more efficient use of power and
potentially distribute equitably generation of power than
Bitcoin. I mean, like again if I was I'll
go back to it. I was in West, Texas in the
amount of power that's being generated out.
There is just unbelievable. So like if you can just start to
move any percentage of that closer to populations with
better transmission lines and you can start to take losses.
You have the power. There was get it back to society
and then I mean, again, the more power that a society has
available to it, the easier it is for that Society to flourish
100%, 100% man. Anyways, everybody, let's get to
the culture. We're going to talk about Luxor,
mining's, new, minor firmware. Anyways, to check it out.
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Well guys, I you know I have their Twitter account here Luxor
and you guys just announced the your newest project Lux OS but
instead of me just you know talking about it on Twitter, you
guys told us that we have a live demo.
So let me get this up here for you guys and we can talk about
that. Here we go, let me take my
screen down. All right, I'll give you guys.
As the floor is this, alright? So the Matt, this is your
screen. So tell the people what Lex OS
is and then I guess, maybe go into what's going on on this
screen right here. Absolutely.
So Luxe OS is our entry into the aftermarket firmware market so
every Miner that you purchase has some form of firmware and
they generally ship with or they ship with firmware generated by
the the manufacturer, right? It mean, what's minor?
They all have their own firmware, we enter the market of
third-party firmware because when those minor ship the
firmware is relatively Limited in the capacity of what the
machine can do. If you imagine I guess the a
good example would be like chipping, a car.
If you if you've ever tinkered with with cars, right?
So like you can add a chip to a car and it lets you get more
horsepower, you may have to use a little a little more gas to
get that horse power but it generally lets you You tune your
car, right? So that's what our firmware
does. It allows you to get better
performance out of your machine in a number of ways.
So there's all kinds of metrics when it comes to assessing
minors. But what we have here is our
dashboard to kind of go through some of it.
But the big things that come into play, here are your clock
speed. So your frequency that your
hashing, hashing your voltage, which kind of determines how
much power you're consuming as well.
And then, one of the biggest variables here that Isn't as
controllable as temperature, right?
So like if you're mining in West Texas and it's 110 degrees
outside, your minor is going to be a lot less efficient than a
minor operating in like let's say 60 degrees Fahrenheit in
Seattle or something like that, right?
So there's some fancy math that that proves to you, basically
that the machine is going to be much less efficient at higher
temperatures. So what our firmware allows you
to do It allows you to underclock let's say in West
Texas to where you're generating less hash rate but you're
consuming less power at the same time.
And another thing that that potentially does is as you
generally when you hash faster, you generate more heat.
So you have kind of like a system that can stack up the
heat and then potentially shut down.
Because once you get to a certain temperature, the stock
firmware is going to shut your machine down.
So what you can do is under clock which means you're not
generating as much heat, you get better up time you use on your
oisin because once the machine gets so hot, you have to pull
it. Like, we've talked to a couple
clients for the like I have to go pull miners out of the rack
set it aside in a different unit so it just so it can cool down
and that's that's time offline, right?
Like that's that's SATs that they're not putting into their
wallet. So the big thing about our
firmware is that it just provides customized ability for
any client in any any application, right?
Nick and tell you he was running our enough 19 XP in his garage.
He got it, really stinking hot but it was okay because he was
in Seattle and it was cold. That's a very different scenario
from Texas, where I have, this is enough, 19 J Pro my garage
where it's a little bit warm. So I'm actually underclocking
right now because you can see down here, we have the
temperatures on the chip. Like you don't want to get close
to 65 or you might you might start doing damage.
You have anything. You want to add here now?
Yeah yeah yeah. Like you said so it looks like
we've got it right about 525 which is a very nice.
Nice safe o overclock there or actually that's a bit of an
underclock I think. Yeah so actually a bit of it.
Under clock. So that's trying to keep it
cool. Can you explain to everybody?
What an under clock means Nick? Yeah, yes.
So you're the, the chip in your machine comes with this
basically called the clock rate. And it means how many how many
times per second is it running a an instruction and if you
increase the chip rate, you do more instructions but obviously
use a little use more energy, produces more heat, the chip
gets hotter. If you lower that rate it will
execute instructions slower. But So uses less energy and
produces less heat. So what Matt was referencing is
if you underclock, when it's hot, you're able to keep your
chip temp slower, especially when your fan, your fans running
at 100% and you're chip temp is still, you know, over 65 of Sony
saw. Somebody saw Corgi in the
background. Yeah, that's Bandit.
He yeah. So anyway, that chipped him
starts to go starts to go up when it's hotter.
If the fans are at 100% and you can't keep the chips below, 65
degrees. Or whatever you think is safe
for your machine, then you can start to underclock lower that
lower than structure rate just a little bit.
So yeah, that's that's what overclocking and underclocking
are and really one of the key differentiators around.
How we designed this firmware is Matt, put it perfectly, he said,
you know, shipping and car. I like to say the remember when
you did jailbreak iPhones, it iPhones, a great platform, like,
maybe one of the best products ever built from a product
perspective, but there are still some features that are left,
unlike Locked and you can unlock them with different with
different with different firmware.
In that case, saying the same thing applies here, that's 19
XP. That's 19.
Like these are incredible platforms but there's still a
bit of you know some features that you could add by unlocking
them. And so that's kind of the way
I'd like to describe it as well. Just like what Matt said.
But we took this from a, from a, from a Miner's perspective
looked at what the trends are in mind, of course, demand response
and controllable load resourcing.
Those are the stories of Bitcoin mining right now, all the miners
are taking part in these types of activities, which is where
you turn your machines down, when when prices are high or you
turn them up when prices are low.
And you're effectively reducing the effectively, reducing the
call, the demand curve Delta in Texas.
The demand curve Delta is something like 8 or 10 gigawatts
which is probably the end. It's basically the entire it's
like the entire energy consumption of the Bitcoin
Network and across the globe. And that's just in Texas, the
amount of energy used at the bottom of the curve and the top
of the curve and that means sorry the amount of energy being
consumed at any point in time. It can fluctuate between 8 and
10 gigawatts during the course of a day Bitcoin miners compress
that the demand curve Delta, if you can reduce the demand curve,
Delta U massively improve the efficiency of your grid because
your transmission lines all of your distribution doesn't have
to make up for that. Delta, you also don't have to
like bring on wonderful peaker plants, which are like Nat gas
plants that come in and help. When the demand is super high.
That's why we saw some of those blackouts in Texas is because
they just weren't able to get those things turned on in time.
Also, there was like, renew, like renewable, is it
sustainable energy? Renewable energy is is also
called intermittent meeting the sun, doesn't always shine and
the wind doesn't always blow. And in the case of what happened
in Texas, when everything got super cold, Not only was it
super cold, the wind was not blowing and the sun was not It's
super bright. So we had this huge drop-off of
sustainable energy that peaker plants weren't able to get
turned on in time. And it's I think it was because
they were actually Frozen, and they had to like, figure out how
to keep them up to get them running again.
And so there was like, a Confluence of events that caused
this to occur. Now, if we had say 50 percent
more energy in the grid being consumed by Bitcoin miners, they
could have all come off line and all of that energy can flow
through to the cities. That's the concept of demand
response and control the load resourcing.
And what we built, we designed the low 20s firmware to
specifically Target that type of activity, which we think is
going to become probably the most ubiquitous and profitable
way to mine Bitcoins. So we took the minor and
basically removed all of the guardrails and give people a
very strong platform and toolset that they can use for for taking
part in those types of activities.
It's also a phenomenal platform for people to do like hobbyists
and tinkering Mining, like we have some people that know
Because we expose each chip individually.
You can actually see like where chips are hot.
Like you can see here. Matt is shown a screen so you
can actually see every chip individually.
We actually expose an API that allows you to to remove, or to
modify each chip individually. So you can actually take, you
know, say for number two, chip number 45 and clock it down a
little bit. We know that board number two
here. Sorry board one, the middle
board. We know that boards generally a
little hotter. And we actually know, there are
places with on that board itself that are a little hotter so you
can reduce the frequency of some of those chips.
And then keep the chips at high, you know, high frequency on
board 10 and port to which stay cooler.
So, these are all things that we tried to expose via the as a
platform. So you can use this Asic in this
mining machine in a lot of different ways.
Now, people are super creative, they do all sorts of things, all
sorts of things, all sorts of things, mining machines, 2
Jacuzzis, We've seen people hook up mining machines to heat their
home, which is incredible. Like, if anybody's seen some of
those pictures of a Bitcoin miner plugged into the central
heating of a home? It's incredible, you know then
of course at the larger scale people are using these to
balance the Grid or you know consume stranded energy and
those all of those things we built the we built the Lux OS,
platform to support. Yeah, kick it back over to you
Matt. Anything you want to add on
that. Yeah, there's one feature I
think my play here, so like I've tuned in for a couple episodes
in the past for you guys, I know you have been talking about
choke points. So, one of the things that's
kind of relevant here is like, if the on ramps are taken away
the only real other opportunity to get Bitcoin is by mining
right now. Not everyone can afford a s19 j
Pro by themselves, but if you want to pull in with a buddy and
have a stream of SATs that, that isn't necessarily kyc, you can
use this feature that we introduced where you can split
your hash rate. So I could add a pool here for
Bill and a pool here for me and we can split the hash rate at
the machine. So we can go halfsies on the,
the of the capex. And then let's say, someone has
an opportune purchase agreement for power, then they can host it
at their house and mine. They're so like you have
different ways to do that and then you don't have to worry
about splitting out. The Bitcoin at the end, the hash
rate just goes directly to your pool account, which looks our
offers a pool. So we'd be happy to host you
there. So it's a really neat feature
for for people who want to do some home mining, but don't
necessarily want to Fork out a couple grand for a minor by
themselves. Interesting very, very very
interesting stuff dude. I'm so glad that you know, I'm
so glad that that you guys are you guys said, don't you offer
hosting because one of the main questions and I would love for
you guys to elaborate a little bit more and dive deeper into
that because one of the one of the main issues that I always
get from, someone is hey I live in the UK electricity prices are
too expensive, you know that, you know, I can't mind, but I
still want to get involved. So maybe you guys could talk a
little bit about what hosting is.
And what your offerings in that and that is that are just to
clarify. We don't actually offer hosting
Services, we have, oh, I miss her, I miss her, I miss her.
No, I mean, yes. So you could do like micro
hosting, like if you've got a buddy who has the power, I mean,
like peer-to-peer hosting, not like the industrial hosting is
what this would enable. Okay.
But there are obviously hosts
out there. And so That boils down to trust
their important. Third party.
I'm drawing a blank here. But you understand like make
sure you monitor who you trust and in a conical.
Tomica got no worries. I must I must.
I must have misheard when I heard you say hosting.
So we work closely with a lot of hopes will offer hosting
directly meeting. We don't own any infrastructure
like that and offer it directly through luck sir.
But we also have great partnership with a lot of really
high quality hosts hosts. That we've worked with a lot in
the past and while master totally, right.
That, you know, if you don't have your, if you don't have
Physical access to your machine. Not you're not your hash, not
your host, not your hash but we do work with some really high
quality host, that we do have a lot of trust in.
And so if anybody is here, looking for some hosting or
wants to chat about like different hosting options, we
have a lot of options available, both in the US, Canada some
Latin American locations and, you know, working on some Asian
locations. But generally those, we try to
stick to the Western Hemisphere. It's just what we do best.
Oh, interesting. Yeah, very very cool.
Very, very cool guys. It sounds and Have you.
I've used your guys's Asic desk before as well as a purchase
minors. Why do you talk a little bit
about that? Yeah, so we actually.
So we've got into brokerage mining Machines, Mighty Machine
Sales which we call a six trading because we view them as
an asset and that they we try to think of them as a liquid asset.
Meaning they can be readily bought and sold the same way you
buy any liquid liquid commodity asset similar to or oil, or
corn, or gold, or whatever. So, we view them as an asset, so
we call it the AC trading desk, underneath the hood.
That looks a lot like machine brokerage, which is, you know,
finding a buyer And lining up a seller that sort of thing.
But so we done that traditionally since 2021 as an
OTC desk mean we have somebody that you know somebody that's
Manning a telegram group or working at telegram group and
then when somebody says they want to buy, we go out and find
a seller or somebody wants to sell.
We go out and find a buyer that sort of thing.
But we have recently launched, what we call, our Luck's RFQ
looks a lot, you know, you can actually think of it like an
eBay for mining machines but The reason we asked built that
instead of, you know, using eBay or Amazon or whatever is because
mining machine sales are actually quite unique.
They, you need a lot of times, you need to parse them up into
multiple buyers. If you have a big seller, like
we saw yesterday was a 15,000 machine order, sell order.
And you need to most likely break that up into multiple
buyers, is a very rarely, are you going to find one single
buyer that's willing to take fifteen thousand machines?
We built this platform specifically for that.
To help make your to help make that easier for people to want
to buy into by machines. It's called RFQ, your RFQ Deluxe
or attack and take a look. You, I is incredible.
Yeah, so that's that's kind of where we're at on brokers in the
idea behind that is, it makes it so much more scalable platform.
And it's also like the user experiences is a thousand times
better when you're using something like that.
Rather than having to like keep track of, you know, a bunch of
different telegram, chats or we chat groups or things like that.
The OTC world is where a lot of These markets start to form like
you know, almost pick my future started as OTC.
All of this stuff started OTC and then eventually it matures
into, you know, a more platform type project product similar to
what RFQ is now and that's really where we're at and it's a
great it's a great platform and you know, I've I use it.
I was the first purchase the XP that I tested for more on.
I purchased through our of Q which was great.
So mad No, I've been checking it out today.
I actually have a buddy who wanted to buy some basic.
So I put in an order for him, but yeah, it's pretty nifty,
like I just have it pulled up here on the screen.
I don't know if anyone can see it but yeah, it's eBay for Asics
and it definitely provides a layer of trust.
All right guys, let's get to the meme review.
Let's review some memes. Let's do it.
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All right, guys, this is the mean review.
This is your favorite portion of the show, where you guys send us
memes. We review then live.
And you guys give us your meme review scores in the chat.
So, before I finish the memes, drop your me.
Movie score in the chat. As we say, every single day,
tweet to the bullet to memes are the artillery, it is our main
world and everyone else is just living in it.
As you can see, very clearly on today's episode, we are in an
information War and the powers that be do not want you to hold
Bitcoin. So, what are we going to do?
We're going to ridicule them in memes and we're going to stand.
Sad stay humble and spread the Bitcoin signal far and wide.
Anyways, I already told you guys that today's mean review is just
full of the Greenpeace skull meme.
So we're gonna go in. We're going to dunk on
Greenpeace, not the artist because he may have become
orange. Pilled, he did a great piece,
but we're going to ridicule Greenpeace while we do it.
Anyways, this first meme is by at their Gigi, or I'm not
exactly sure if this is actually at their GG because he was just
reposting. All of these Green School memes
but I really like this one and it goes this kid is looking at
his future and need sunglasses because it's so fucking bright.
And we got the kid here going. Thank God, Grandpa converted
Fiat to bitcoin and the younger little brother going.
What's Fiat as he looks at the green skull with nuclear power
plant on his head. Anyways, this next one is by
bikes and Bitcoin, shouts out to you but only goes Bernice at
monster. Leaving the typos in, and we got
the, the Bernie Sanders meme. But of course, we got the green
skull on his head and he goes, I am once again, asking for your
excess and waste energy to secure the net.
O'roarke the network, okay. This next one is by RT, B, TC.
And he goes well, well, well hashtag who paid you.
Hashtag Fudd at Greenpeace, a triple and we got the Scooby-Doo
meme where he pulls off the villains mask and the villains.
Mass is the green. Cool and under the mask.
Oh, what do we find? It is the Ripple logo because
this is all fun paid for by the Ripple foundation.
And on that point, we got this mean by world of Rusty.
And again, it's the little kid looking at the green skull Meme.
And he goes, wow, Ripple finally, produce something of
value. It's a beautiful piece of art,
that was supposed to fund Bitcoin.
But hey, it is how I mean world and we are taking this is mine.
Now, this is mine. Now anyways, this next meme is
buy. Bitcoin are log.
Otherwise known as John karbala and he goes all your inflation
are belong to us and we got the green skull.
And again, with the saying, all your inflation are belong to us,
if, you know, you know, to play on a classic, they claiming this
next one is by at huddle South, and it's the classic come on, do
something mean. But instead today, we have the
guy poking, the green school and the guy has the Ripple logo on
his chest. And he's pokes, a green school
and goes, come on, spread some Fudd.
The flood backfired because we just took it and this is mine.
Now anyways, this next meme is by Lena see Shane she goes I
love bitcoiners and we got a little hot ler, comic strip here
and the first box goes what can I do to make Bitcoin look evil
and scary? And he thinks a little more and
he goes I'm going to commission some epic anti Bitcoin art.
And then the next box we got the green skull.
And we got a big Corner going. Whoa, what's that?
And then the guy goes, this is a symbol of Bitcoins evil.
Energy, use and ocean boiling and every Bitcoin ago, this is
so cool. Look at the laser eyes, it's
just bad ass. And then he got, hold on, you're
not supposed to like it. It's Howard mean world.
And this is where we are today. If you are out there on Twitter
today, I'm sure that your timeline is just full of a bunch
of green schools. And this last one is buy
Bitcoin, scoresby. And I really love this one
because, hey, we're not just going to ridicule the Greenpeace
fun. The campaign.
We're going to drop a little truth on there.
So this is a picture of a money printer and it's got the Bitcoin
logo and it goes, hey Greenpeace, people can't save
the planet if they can't save for the future, change the
money, not the code. I felt that one.
That was, that was a solid one. Anyways, Drop Your Meme review
score in the chat as we Covers hours live.
Oh yeah, I got my score already. I don't know if I'm given this
one yet. Nico.
Actually, I may have given it already so I'm going to do it
twice. I'm going to give the st.
Op T. What do you call these things
table saver? But with the mug, the set,
Shoutout to extend MOS. You're muted.
You mean it? Hold on, hold on.
There we go, I'm meet me. I'm going to give it.
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Plates using promo code simply. That's my score.
Boom, boom. Nope score.
Let me go get it one sec. Okay.
Matt why don't you give a score while Nick gets his score upside
down looks OS and A good one. I was going to say mine is the
favorite but that was a pretty damn good one.
I got the same one, what is it? It's the bond order 69 420.
Yeah this is an incredible piece of art by a friend of mine.
Tommy we're dick when magazine artist actually describe this.
This thing is freakin cool. I just got it so it's not framed
yet but This is going to be sitting up here somewhere.
On this wall behind me. Is this is like one of my new
favorite pieces of art. Yep.
Yeah, I literally I got the same one.
I literally got the same one. He was, you know, the Tommy made
a couple, the original art piece by the ways hanging and Bitcoin
Park in Nashville, Tennessee. It's huge and it looks awesome.
Anyways, guys before we get to the meme scores, I want to give
a shout out to her awesome clothing sponsor opt he's get a
model represent LTD.com Opti showed off bro.
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code simply. Anyways.
Opti let's get through this. Get to some scores.
That's what I'm putting this one in Hindi controlling himself on
this one meme score. Shout out for the two guys
talking about cool. Nifty eBay for racks, just
before kabu, racks commercial, kind of fits to the Satoshi
skull story. Hey, come, come boomboxes do.
But I don't know what you guys are talking about.
The p man van. I give those memes Garlin house,
looking at the Greenpeace logo as his shit.
Coin goes down. All right, next one.
All right, the coin. Becca.
Wait. I revise my score?
I give those memes. A Greenpeace sponsorship.
Very very nice Fields score. I'm changing the code running
Greenpeace. Very, very nice.
All right.
Next one score. Now also Undead have laser eyes,
very, very nice. Next one under this.
I give the memes a Greenpeace, hard Bitcoin for coins to dump
on the trade, fight World Rose. Okay.
I think the These are scores but they're just words so Stone
toasters, very very nice. Next 18 my daughter got micro
very nice, deep red more heaters.
Okay. Okay we're done, we're done,
we're done with the scores guys. Thank you.
So wait, wait wait, wait one more, one more one more planet
Earth, planet. Earth meme score.
An army of autistic bitcoiners. Not giving a full cup.
Okay. Very very, very nice.
Alright guys, thank you so much for tuning in to another episode
of A Bitcoin live. I want to give a shout-out to
our awesome guest from Luxor, Nick, and Matt.
Thank you so much for joining us today.
Bros. Thanks for having us.
Really appreciate you guys coming guys.
Go ahead, Nick. Appreciate it.
Thanks guys. Everyone go go follow, Matt.
He's actually quite quite good at Twitter.
Oh, okay. Hell yeah.
Alright guys, love you all. Thank you so much for tuning in
to another episode of Simply Bitcoin live.
We will see you Monday, 12:15 p.m.
Eastern Standard Time for another episode.
Love you all. Enjoy your weekend.
Peace out. Let's go.
All right, is this over? Yeah, believe so I think we jump
over two spaces. No, no guys, stay safe.
Stay for a second. It's just a hot right now
because I haven't end of the screen.
Hot mic There's a bit of a delay just like, 30, 30 SEC, know,
there's a, there's a delay on the screen.
Give it 30 seconds.