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Yep. 
Today is October. 7 2022. 

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Welcome to Simply Bitcoin. 
We are your number one source 

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for the peaceful. 
Bitcoin Revolution recover, the 

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breaking news culture. 
Me, Matic Warfare we show you 

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why only Bitcoin can give you 
true Financial sovereignty. 

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And when we say that, we 
obviously mean Freedom, welcome 

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to the Friday special. 
We are live streaming from the 

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floor of Scots legendary the 
mining conference. 

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Well, he changed it now. 
It's just the mining conference.

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I want to give a special 
shout-out to Scott. 

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He is the organizer. 
Welcome to the show, man. 

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It's great to be here. 
Great, to be here. 

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Yeah, it's coming together 
nicely and we're just having a 

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great time at the mining 
conference here in Round Rock, 

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Texas. 
Yeah, this is this is definitely

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is a celebration. 
You get to meet a lot of people 

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from the industry that you would
never regular. 

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See spoke to some of the people 
a bit made spoke to people at 

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what's minor. 
All the major manufacturers are 

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here if you're interested in 
hosting. 

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It's also a good place to be. 
Also want to give a special 

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shout-out to my friend Tucson. 
The Spin Master from bowling 

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last night. 
Kaboom Max. 

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How you doing? 
Tucson gem. 

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Pretty good. 
As you can see, I'm drinking a 

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Red Bull, and if you're not 
working towards hypertension in 

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this bear Market, you're not 
building hard enough. 

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Is them that he dropped and of 
course Tom, how you doing? 

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Tom, welcome to Simply Bitcoin. 
Great, thanks for having me on, 

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great to see some familiar faces
and meet some new people. 

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So it is going to be a great 
show. 

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Guys. 
We're gonna it's we're going to 

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change it up a little bit. 
To take advantage of the fact 

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that we have all these awesome 
panelists on the show. 

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Today, we're going to talk 
definitely going to scoop into 

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mining. 
I've had private conversations 

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with with Tucson, I've had 
private conversations with Alex,

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I've had private conversations 
with Scott, so just a just some 

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interesting topics that we could
definitely bring up today. 

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That I feel like you guys would 
find valuable many ways, not the

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culture. 
We're doing interviews. 

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We're doing interviews, my job 
is easy today. 

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So yeah guys, I'm having a blast
out here. 

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Me and Nico dominated bowling 
last night. 

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I ate like too many burgers, you
know, not doing the best on my 

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diet over here, but fun time 
bullying just for anyone who 

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hasn't done it before, just 
throw the ball hard. 

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It works. 
Anyways, let's start the show. 

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Brought to you by novel. 
At this point, you should be 

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running your own Bitcoin note. 
If you don't use your own 

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Bitcoin node, you're trusting 
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version of Bitcoin core. 
The lightning Network, 

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whirlpool, and Dojo all from the
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And if your digital Nomad, you 
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because now you can run a novel 
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server, visit not L.A you today.
All right, all the time of 

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recording become prices And 570 
SATs per dollar also known as 

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Moscow time. 
For now 5110 block height 750 

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00:03:13,500 --> 00:03:19,500
7551 reachable Bitcoin nodes 
14,000 641, blocks to The 

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Happening. 80 2449 having 
estimate. 

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April 21st, 2024 total lightning
network capacity. 4950 3, 

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capacity value, 96 million. 
U.s. dollars realized monetary 

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inflation 1.78 percent market 
capitalization 375. 

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Billion USD. 
Anyways, I wanted to take 

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advantage of the number section 
to give a shout-out to the 

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legendary crypto couple. 
They came out with another 

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awesome me Maddox in video and I
want to play that for you guys 

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today and then we'll Riff on it.
Let's check it out. 

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Shout out to the crypto couple 
and we got a viking behind 

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stage. 
Dude, dude. 

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Dude, they're fucking great the 
fucking amazing. 

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Holy shit. 
That was Beatles right. 

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They must think that Simon and 
Garfunkel. 

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Right. 
Is it? 

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I don't know. 
I don't know. 

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I don't know. 
We're definitely gonna get 

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smashed some old band so that 
came from Scott that income from

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Nico, just for the record. 
I'm yeah. 

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That Sound of Silence, right. 
Simon and Garfunkel parody. 

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Nico doesn't know anything about
anything when it comes to music.

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So I got back. 
Anyways before we get into just 

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making fun of Nico. 
I as much as everyone calls what

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they're doing, you know cringe 
and I still believe that they're

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spreading that signal. 
And this is this out who the 

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hell says it on Twitter. 
A lot of people be talking that 

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smack and And I think they're 
killing it. 

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Everything they're doing just 
kids better. 

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Their production value just 
continues to get better. 

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They're getting better at the 
parodies and this is what this 

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is, what happened for for Mass 
adoption guys, like having these

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little skits, this is how you 
sink into the culture and you 

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tell people the signal while, 
maintaining all the sauce and it

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is nigga you jump in, you jump 
in. 

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Yeah, dude, first of all, crypto
couple, shout out to them, 

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Absolute Legends. 
Freaking bro. 

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Amazingly Medics man. 
Amazing memetics. 

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There's some of the best getting
the message out there. 

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One of the most effective ways 
and reason memes are so 

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effective, right? 
It's first of all, they have to 

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have a common denominator which 
is the truth. 

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They don't have that common 
denominator, then it's not it's 

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not going to go viral. 
People are not going to 

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understand that common language 
that's number one. 

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Number two is make people laugh 
right? 

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You know there's a lot of heavy 
crap that we have to deal with. 

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This is a separation of money 
and state after all. 

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So you know at least they're 
talking about dark top. 

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But in a light heart and I think
that's why it's so effective and

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it's not only me saying that the
free market is saying that as 

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well. 
Look at the amount of views that

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they're getting. 
Look at the amount of traction 

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engagement. 
I think sailor retweeted them 

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the other day, right? 
So, you know, it speaks for 

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itself. 
The effectiveness of crypto 

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couples pneumatics, right? 
So anyway, Scott, what was your 

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you you heard that right? 
That was that was nice. 

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I like it. 
You know. 

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There's something to be said 
about you know, the production 

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quality these days. 
I think people actually Really 

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tend to like stuff that's a 
little bit more rough. 

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So I hope it doesn't get too 
refined I like that was dropped 

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in some wisdom, some wisdom 
anyways. 

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Tucson, don't forget to pick up 
the mic. 

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What do you think? 
Um, crypto cup, love it, I think

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culture parodies music is very 
underappreciated. 

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It's something that's incredibly
important for moving people. 

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People understand things from 
different mediums. 

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And stuff like, that's pretty 
pretty awesome. 

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Absolutely. 
Kaboom, Kaboom racks Tom. 

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What are you thoughts, man? 
Yeah, I love it, man. 

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I think, you know, people engage
with stories and that's kind of 

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something that they're kind of 
representing every time they 

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drop some new content so really 
appreciate it. 

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Absolutely, 100% Opti. 
Is it time? 

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It's time, it's time. 
All right, all right guys, let's

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get to the news is do it. 
The Daily News brought to you by

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bit box to bitcoin only 
additional Hardware while it by 

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shift crypto crypto like 
cryptography. 

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It's secure, it's open source 
and it's so easy, your mom can 

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set it up. 
Self custody is the revolution 

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in the bit box. 
Makes it simple, do not leave 

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your Bitcoin on an exchange 
order. 

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A bit box today. 
All right, guys, I'm gonna make 

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this Or because I really want to
take advantage of the fact that 

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we have some awesome guests. 
But I do have to cover this is 

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the original title for the 
thumbnail but as guests came in,

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right we did obviously you have 
a change of plans but we need a 

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contingency so this is the 
original title so I'm going to 

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address it where to talk about 
this today and we have an 

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awesome panel too kind of Riff 
on. 

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So for anyone that doesn't know,
Celsius disclosed names and 

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transaction history of all users
during bankruptcy. 

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Any wallet that Interacted with 
Celsius, is now publicly linked 

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to government ID and here are 
some of the bullet points. 

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Court filings totaled, 14,000 
Pages data includes names, 

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trading history, transaction 
times. 

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And amounts, this data can be 
combined with on chain data to 

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connect self custody wallets 
with any Celsius, user that 

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interacted with them Celsius, 
ask for the names of its users 

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to be hidden from the court 
filings. 

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But the judge refused saying 
that is common requirement for 

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bankruptcy cases. 
Users are now at Thinking's risk

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of theft and extortion, right? 
And we had some predominant 

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bitcoiners that were signed up 
to sit Celsius is like blad 

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right blad admitted that he was 
on there as well. 

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And this is mad. 
Odell's, you know, thinking on 

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this, he said today's not a good
day, the fact that most Bitcoin 

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services are storing growing 
list of bitcoiners and our 

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transaction history puts us all 
at risk and I agree. 

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And I think this is one of the 
unintended consequences of Ky C.

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You C KY. 
I see being pushed, you know, 

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tremendously and all the 
benefits of it. 

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But the downsides of it is, 
never talked about is never 

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talked about, right? 
The dangers of it, right? 

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And it wasn't only that, right? 
Equifax had a crazy leak as 

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well. 
And there's so many leaks that 

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you look throughout the last 56 
years of very personal 

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information but every time, you 
know, more kyc and more am L, is

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pushed by regulators and you 
know, Bitcoin exchanges are 

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forced to comply or else they're
going to be Been out of 

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business. 
It's never the downsides are 

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never talked about, right? 
And downsides of that system is 

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never talked about one of the 
awesome things about Bitcoin is 

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anonymity. 
I don't need to untie. 

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Don't need to know someone's 
personal information and who 

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they are. 
What their name is to pay them 

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right if they offer me free good
work right? 

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You know I do this all the time,
you know when I'm like hey I 

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need help with the thumbnail, 
you know, I hire random pleb, I 

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pay them directly half the time.
I don't even know who their name

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is who they are, but it doesn't.
Matter. 

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I don't need to I'm just paying 
them for their work, right? 

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And I believe that in itself is 
going to connect the world. 

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The likes of which we've never 
seen before and it's going to 

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create opportunities for people 
in developing countries where 

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they had no opportunities 
before, right? 

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Because there was no way to pay 
them, right? 

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00:12:04,000 --> 00:12:06,500
You going to pay someone through
PayPal and that persons in 

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Nigeria? 
No, that doesn't work, right? 

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Bitcoin allows that, right? 
So again, I think this is just 

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another example of how the Oh it
trying to implement the Legacy 

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system on top of the System has 
unintended consequences and it's

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actually, potentially, could put
people in physical danger Opti. 

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What are your thoughts on this? 
Well, this Celsius. 

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What's the guy's name? 
Alex, my schinsky. 

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This debacle just keeps getting 
worse and worse. 

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And I mean, dude, the fact that 
the court documents, just docks.

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Everyone's all their information
in there and the judges like 

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says like nah, this is all going
in there, man. 

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Absolutely Like I want to say an
embarrassment but there's I 

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guess, you know, this is the law
and this is what you got to do 

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and then just just to put a 
little Personal Touch on it. 

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There was a piano bar here and 
the piano player was talking 

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about him being on Celsius and 
him getting wrecked. 

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00:13:01,800 --> 00:13:06,400
So unfortunate now that I guess 
all his information is out there

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00:13:06,400 --> 00:13:09,200
and and it's just, you know, 
further further Testament to the

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idea of Everything is like a 
honey pot with your information 

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00:13:13,300 --> 00:13:18,300
here and try to do your best to 
avoid what what, you know the 

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00:13:18,308 --> 00:13:20,700
kyc, but don't break the laws or
whatever. 

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00:13:20,700 --> 00:13:24,900
Not, you know, Bitcoin. 
Hold on, hold on, hold on 

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00:13:24,900 --> 00:13:26,700
bitcoin. 
That you can get without signing

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00:13:26,700 --> 00:13:29,400
up is nice. 
Yes, I mean, like look like you 

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00:13:29,400 --> 00:13:32,200
got to talk about it, right? 
The difference between non kyc 

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00:13:32,200 --> 00:13:35,200
Bitcoin kyc become one of the 
best ways for non kyc, by the 

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00:13:35,200 --> 00:13:36,900
way is Bitcoin mining. 
And if you want to know more 

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00:13:36,900 --> 00:13:38,900
about it, you should have to 
come to the mining conference 

227
00:13:38,900 --> 00:13:42,700
here. 
But look, So think about it, 

228
00:13:42,708 --> 00:13:44,200
right? 
One of the best ways is mining 

229
00:13:44,200 --> 00:13:45,900
Bitcoin. 
Another is peer to peer 

230
00:13:45,900 --> 00:13:47,700
exchanges. 
The problem is that had that 

231
00:13:47,700 --> 00:13:51,300
software is usually very heavy 
and usually tend to pay to pay a

232
00:13:51,300 --> 00:13:54,100
heavy premium, right? 
If you're using bisque, what a 

233
00:13:54,108 --> 00:13:56,500
lot of people do in developing 
countries and overseas, is they 

234
00:13:56,500 --> 00:14:00,100
have these massive telegram 
chats and it's all peer-to-peer.

235
00:14:00,100 --> 00:14:01,300
Right? 
You're exchanging Bitcoin 

236
00:14:01,300 --> 00:14:03,500
peer-to-peer for whatever 
currency, they're exchanging it 

237
00:14:03,500 --> 00:14:05,600
for on the ground. 
That's usually how it works. 

238
00:14:05,900 --> 00:14:11,400
But It sucks because major 
Bitcoin businesses babe your 

239
00:14:11,400 --> 00:14:15,900
Bitcoin exchanges, if they don't
want to be put in jail or driven

240
00:14:15,900 --> 00:14:20,300
out of business, they have to 
implement kyc their coerced to 

241
00:14:20,308 --> 00:14:22,200
doing. 
So, to the fact that they take 

242
00:14:22,200 --> 00:14:24,500
this. 
So, seriously that they put art,

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00:14:24,500 --> 00:14:26,400
they made an example of Arthur, 
Hays, man. 

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00:14:26,700 --> 00:14:29,700
You know, the founder of bit Max
because he didn't Implement 

245
00:14:29,700 --> 00:14:34,700
sufficient kyc and am L, right? 
So it puts everything, it puts 

246
00:14:34,700 --> 00:14:37,100
Bitcoin exchanges in a terrible 
position because it's almost as 

247
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if they have to Monitor for the 
government. 

248
00:14:38,900 --> 00:14:41,200
It's like they become an 
extension for the government, 

249
00:14:41,300 --> 00:14:42,900
right? 
Which is terrible as well, man. 

250
00:14:43,200 --> 00:14:48,000
I think the, the, the important 
discussion right should be, is 

251
00:14:48,000 --> 00:14:50,900
K, what are the benefits of kyc 
and am L? 

252
00:14:50,900 --> 00:14:55,300
We had a kyc and am L expert on 
the show and then right we had a

253
00:14:55,300 --> 00:14:57,300
he went through the data. 
It was like point. 

254
00:14:57,300 --> 00:15:01,200
One percent of criminal proceeds
are recovered because of the kyc

255
00:15:01,200 --> 00:15:03,500
an AML system. 
I would like to make the 

256
00:15:04,000 --> 00:15:07,200
argument that kyc and am L is 
really a system of control. 

257
00:15:07,400 --> 00:15:09,000
All right? 
So About controlling people. 

258
00:15:09,600 --> 00:15:12,600
What are the actual, you know, 
benefits of stopping crime, 

259
00:15:12,600 --> 00:15:15,400
right? 
What what is are we gaining more

260
00:15:15,400 --> 00:15:18,100
from having these systems? 
Then what we're losing right? 

261
00:15:18,100 --> 00:15:20,800
And I think that's a really 
important question that your 

262
00:15:20,800 --> 00:15:22,800
discussion to have. 
And I think more people should 

263
00:15:22,800 --> 00:15:27,500
do research on that, and we've 
actually had, you know, KY caml 

264
00:15:27,500 --> 00:15:31,100
experts on the show and it comes
from their mouths. 

265
00:15:31,100 --> 00:15:33,100
You know, obviously we're biased
because we're bitcoiners, but it

266
00:15:33,100 --> 00:15:35,300
says, like, look, this system 
does not work, right? 

267
00:15:35,300 --> 00:15:36,700
And that was the episode with 
dr. 

268
00:15:36,700 --> 00:15:38,500
Ron Paul. 
Not the Vision, by the way. 

269
00:15:39,400 --> 00:15:41,500
So yeah. 
Anyways Scott, what are your 

270
00:15:41,500 --> 00:15:43,500
thoughts on this Celsius 
debacle? 

271
00:15:43,600 --> 00:15:45,100
What are your thoughts on 
machine ski? 

272
00:15:45,300 --> 00:15:49,400
Pulling out, 10 million, 10 
million dollars, two months, or 

273
00:15:49,400 --> 00:15:55,000
a month before the collapse out.
Maybe he knew something, I don't

274
00:15:55,000 --> 00:15:58,700
know. 
But yeah, I know you're saying 

275
00:15:58,700 --> 00:16:04,200
earlier, you know, about kyc and
the piano man, but it's just, 

276
00:16:04,200 --> 00:16:06,600
it's just awesome, you know, 
being here at this conference at

277
00:16:06,600 --> 00:16:11,500
the mining conference We were 
able to spread that Bitcoin love

278
00:16:12,000 --> 00:16:15,300
and we were able to actually 
give the the Piano, Man some 

279
00:16:15,300 --> 00:16:17,100
Bitcoin. 
It was his first Bitcoin 

280
00:16:17,100 --> 00:16:20,300
transaction. 
Unfortunately, it was on a kyc 

281
00:16:20,300 --> 00:16:24,000
wallet, but hey, we're getting 
the word out there. 

282
00:16:25,100 --> 00:16:27,600
Absolutely. 
All right. 

283
00:16:27,700 --> 00:16:32,300
All right. 
Tucson, the Spin Master X. 

284
00:16:34,000 --> 00:16:37,600
I think it's important, like, is
people like the frame? 

285
00:16:37,900 --> 00:16:43,200
These conversations in ways 
where it's really hard to argue 

286
00:16:43,500 --> 00:16:46,000
against against against because 
it's in bad faith. 

287
00:16:46,000 --> 00:16:50,500
Like you know, we're talking 
about how kyc has no, you know, 

288
00:16:50,500 --> 00:16:54,400
positive impacts and is actually
a detriment to everybody, you 

289
00:16:54,408 --> 00:16:57,100
know, having to go through it. 
And so, you know, I like to do 

290
00:16:57,100 --> 00:16:59,500
little things. 
I don't refer to it as non kyc, 

291
00:16:59,500 --> 00:17:01,600
but I refer to it as ethical 
Bitcoin. 

292
00:17:02,800 --> 00:17:04,400
I think stuff like that is 
important. 

293
00:17:05,099 --> 00:17:07,599
You want to go about things and 
be treated. 

294
00:17:07,700 --> 00:17:10,700
Unethically, or do you want to 
start looking at ethical ways to

295
00:17:10,700 --> 00:17:13,700
operate? 
And it's just, it's crazy. 

296
00:17:13,700 --> 00:17:18,900
It's about control. 
It's about Like really doing you

297
00:17:18,900 --> 00:17:22,000
a disservice. 
It's about putting you in 

298
00:17:22,000 --> 00:17:24,700
dangerous situations where 
you're at risk. 

299
00:17:24,700 --> 00:17:26,800
Like it happens over and over 
again. 

300
00:17:26,800 --> 00:17:30,000
Every time your information, 
your personal info is collected,

301
00:17:30,000 --> 00:17:32,800
it's going to be leet, 
eventually, I mean, just little 

302
00:17:32,800 --> 00:17:36,600
things. 
Like I remember, I got a bunch 

303
00:17:36,600 --> 00:17:39,200
of data leak. 
Just by swiping a debit card at 

304
00:17:39,200 --> 00:17:42,300
Target. 
And that's pretty crazy. 

305
00:17:42,400 --> 00:17:45,600
You know, to think about and 
when you're utilizing Bitcoin, 

306
00:17:45,600 --> 00:17:50,000
it's It's not like that and like
the big thing is like, you know,

307
00:17:50,000 --> 00:17:53,400
we talk about these guys talk 
about self custody quite a bit. 

308
00:17:53,400 --> 00:17:57,500
They talk about, you know, 
ethical Bitcoin quite a bit. 

309
00:17:57,500 --> 00:18:02,500
They talk about the dangers kyc 
like markets are the most 

310
00:18:02,500 --> 00:18:05,400
powerful thing and I think 
people have this idea that you 

311
00:18:05,400 --> 00:18:08,000
need kyc. 
Need these institutions for the 

312
00:18:08,000 --> 00:18:10,600
price to pump and I know a lot 
of people are really worried 

313
00:18:10,600 --> 00:18:14,900
about that, but I don't think 
that's necessarily true you 

314
00:18:14,900 --> 00:18:16,800
know, because why is Bitcoin 
around it? 

315
00:18:16,900 --> 00:18:19,700
There's a market for it's 
because Fiat is failing. 

316
00:18:19,700 --> 00:18:21,400
People are looking to escape the
soup. 

317
00:18:21,400 --> 00:18:26,500
Its system that as these 
institutions and governments, 

318
00:18:26,500 --> 00:18:30,300
and central banks continue to do
this nonsense, people are going 

319
00:18:30,300 --> 00:18:33,100
to fully and that's going to 
pump the price, you know, 

320
00:18:33,100 --> 00:18:36,500
ultimately and so I don't think 
we have to compromise and just 

321
00:18:36,500 --> 00:18:39,100
accept, you know, being abused 
by these people. 

322
00:18:39,200 --> 00:18:42,400
So yeah, yeah, 100%. 
I think that was beautifully. 

323
00:18:42,400 --> 00:18:46,200
Put Tom, what are your thoughts 
on this Celsius debacle the 

324
00:18:46,200 --> 00:18:50,200
collapse of Celsius and then not
only did Celsius, users get 

325
00:18:50,200 --> 00:18:53,200
screwed in two ways, right? 
They got their first there, got 

326
00:18:53,200 --> 00:18:56,700
their funds Frozen and that they
got their information, docs and 

327
00:18:56,700 --> 00:19:00,900
it just came out recently this 
week that the CEO was pulling 

328
00:19:00,900 --> 00:19:03,800
out money before the freeze has 
happened, dude. 

329
00:19:04,200 --> 00:19:07,000
I think that's like triple left.
Yeah, triple effed. 

330
00:19:07,000 --> 00:19:08,700
It sucks, man. 
You know, I know, I know 

331
00:19:08,800 --> 00:19:11,300
multiple people personally, who 
are affected by Celsius. 

332
00:19:11,300 --> 00:19:13,300
Like, I know. 
Fortunately wasn't, but, you 

333
00:19:13,300 --> 00:19:18,400
know, that kind of stuff sucks. 
And I think on the whole Ml K YC

334
00:19:18,400 --> 00:19:20,700
kind of procon thing, like it 
ain't for me. 

335
00:19:20,700 --> 00:19:22,700
You always have to compare 
things in terms of trade-offs, 

336
00:19:22,700 --> 00:19:24,000
right? 
It's like, whatever the stated 

337
00:19:24,000 --> 00:19:26,900
Pros are we got to look at the 
other side and see like, okay, 

338
00:19:26,900 --> 00:19:29,400
well, with that comes things 
like this data leaks. 

339
00:19:29,400 --> 00:19:32,600
I mean, who knows that the 
countless amount of, you know, 

340
00:19:32,700 --> 00:19:35,000
other information that's been 
out there and things like that. 

341
00:19:35,000 --> 00:19:38,900
I got a email from, it was 
U-Haul, I rented like three 

342
00:19:38,900 --> 00:19:41,400
years ago that all my stuff got 
leaked because I, you know, 

343
00:19:41,400 --> 00:19:43,000
rented, a U-Haul and had to give
him my info. 

344
00:19:43,000 --> 00:19:45,700
And, you know, obviously like 
those are hard problems to 

345
00:19:45,700 --> 00:19:49,100
solve, but like, I think, The 
one benefit if I had to frame it

346
00:19:49,100 --> 00:19:51,100
this way is like, I think the 
markets learning, right? 

347
00:19:51,100 --> 00:19:54,200
And I think the only thing we 
can rely on is like stuff like 

348
00:19:54,200 --> 00:19:57,000
this continue to happen, the 
market will learn, you know, the

349
00:19:57,000 --> 00:20:00,000
pros, the cons in the trade off.
So that's one way I can look at 

350
00:20:00,000 --> 00:20:02,400
it and maybe put a silver lining
on it. 

351
00:20:02,400 --> 00:20:03,300
So. 
Yeah. 

352
00:20:03,300 --> 00:20:06,200
And also, I think it gives, you 
know, people in developing 

353
00:20:06,200 --> 00:20:09,100
countries this massive, I'd, you
know, Advantage because they 

354
00:20:09,100 --> 00:20:14,200
don't have like, you know, we 
use, we use regulated exchanges 

355
00:20:14,200 --> 00:20:16,600
in the west because out of 
convenience, right? 

356
00:20:16,600 --> 00:20:19,400
That's the The magician has a 
reason that people use it here, 

357
00:20:19,400 --> 00:20:21,800
right? 
And because those exchanges are 

358
00:20:21,800 --> 00:20:24,800
business that they want to stay 
in business, they're kind of 

359
00:20:24,800 --> 00:20:27,800
coerced into implementing these 
systems, right? 

360
00:20:28,000 --> 00:20:30,400
Whereas, in developing 
countries, they don't have 

361
00:20:30,400 --> 00:20:34,300
those, they don't have those 
options because the actual 

362
00:20:34,400 --> 00:20:37,500
rails, the things that are 
necessary to create those exist,

363
00:20:37,600 --> 00:20:39,200
they don't exist in those 
countries. 

364
00:20:39,400 --> 00:20:42,600
So the majority of people, the 
vast majority of people transact

365
00:20:42,600 --> 00:20:45,200
Bitcoin, peer to peer through 
telegram groups through WhatsApp

366
00:20:45,200 --> 00:20:46,900
groups, right? 
That's major. 

367
00:20:47,000 --> 00:20:49,300
And over there in Venezuela. 
That's what I hear happens as 

368
00:20:49,300 --> 00:20:52,100
well, right? 
So and those those groups, like 

369
00:20:52,700 --> 00:20:55,200
how they gonna how they going to
force them to implement these 

370
00:20:55,200 --> 00:20:59,800
systems of kyc and am L, right? 
So it's like a whole it it 

371
00:20:59,800 --> 00:21:02,000
doesn't make sense, man. 
And I think this is a really 

372
00:21:02,000 --> 00:21:04,800
important discussion that we 
need to have especially in the 

373
00:21:04,800 --> 00:21:07,400
west, especially in developed 
countries and that actually 

374
00:21:07,400 --> 00:21:10,200
might what to do to add, what 
to, what Tom was saying, that 

375
00:21:10,200 --> 00:21:13,500
actually might put us at a 
competitive disadvantage because

376
00:21:13,500 --> 00:21:16,800
of all the red red tape compared
to developing countries. 

377
00:21:17,000 --> 00:21:19,500
Is that don't even have these 
systems in place, right? 

378
00:21:19,600 --> 00:21:21,200
So I don't know, I think these 
are really important 

379
00:21:21,200 --> 00:21:24,800
conversations to have. 
I know for a fact, more examples

380
00:21:25,100 --> 00:21:30,500
of the of, of more examples of 
the unintended consequences of 

381
00:21:30,500 --> 00:21:34,600
AML, and kyc are going to 
continue to pop up as years to 

382
00:21:34,600 --> 00:21:36,800
come. 
And hopefully there's enough 

383
00:21:36,800 --> 00:21:39,600
attention. 
Hopefully, there's enough 

384
00:21:39,600 --> 00:21:44,400
knowledge in the public which 
inevitably forces policymakers 

385
00:21:44,400 --> 00:21:46,000
to have these types of 
discussions. 

386
00:21:46,000 --> 00:21:49,600
I would love For what we just 
discussed to be bring up in a 

387
00:21:49,600 --> 00:21:51,600
senate committee. 
I would love for it to be on 

388
00:21:51,600 --> 00:21:54,100
record, right? 
And that needs to happen, right?

389
00:21:54,100 --> 00:21:58,600
It can't just be a one way Road 
of kyc and am L is the end all 

390
00:21:58,600 --> 00:22:01,100
be all we need it or else, the 
world will burn down. 

391
00:22:01,100 --> 00:22:03,700
We also need to talk about the 
downsides as well. 

392
00:22:03,700 --> 00:22:05,800
And I think that's really 
important discussion to have. 

393
00:22:05,800 --> 00:22:08,300
Anyways, I'm really looking for 
the culture, we're going to have

394
00:22:08,300 --> 00:22:11,400
some awesome interviews with our
panelists today. 

395
00:22:11,400 --> 00:22:16,900
Let's check it out. 
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396
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402
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403
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406
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408
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409
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410
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413
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Coin tickets. 
First, I'm going to pass it on 

414
00:23:15,100 --> 00:23:18,600
to Scott, Scott. 
I was, I've actually been 

415
00:23:18,600 --> 00:23:20,600
thinking about this because I 
knew you're going to come on the

416
00:23:20,600 --> 00:23:24,000
show today. 
And you've been in the industry 

417
00:23:24,000 --> 00:23:26,900
for a while. 
What has changed, right? 

418
00:23:26,900 --> 00:23:30,500
How much bigger has it? 
Gotten compared to when you got 

419
00:23:30,500 --> 00:23:33,600
in, what do you think the 
biggest differences are? 

420
00:23:34,600 --> 00:23:37,700
Ya know, it's crazy. 
I've been in this industry for 

421
00:23:37,700 --> 00:23:42,800
about five years, you know. 
I've one thing I've seen as it's

422
00:23:42,800 --> 00:23:47,800
starting to professionalize, you
know, it is still the wild west 

423
00:23:48,400 --> 00:23:51,900
but there's there's more 
institutions coming. 

424
00:23:52,200 --> 00:23:56,400
You know, everybody says that 
but yeah, I think that's really 

425
00:23:56,400 --> 00:23:59,300
one of the big things is, 
there's not a whole lot of 

426
00:23:59,300 --> 00:24:05,100
standards in this industry and 
so we're kind of just winging 

427
00:24:05,100 --> 00:24:08,300
it, you know, by the, by the 
seat of our pants, a lot of 

428
00:24:08,300 --> 00:24:11,000
times. 
And so at a conference like 

429
00:24:11,000 --> 00:24:14,900
this, or, you know, if not like 
Pacific Pacific Bitcoin, it's 

430
00:24:14,900 --> 00:24:19,400
just opportunities to spread the
word and teach people, you know,

431
00:24:19,400 --> 00:24:23,300
how to do this stuff. 
So, so I I like it. 

432
00:24:23,800 --> 00:24:25,600
So you said something really 
interesting, right? 

433
00:24:25,600 --> 00:24:29,300
Which is you got into the 
industry five years ago, fast 

434
00:24:29,300 --> 00:24:33,100
forward now you're throwing 
mining conferences, right? 

435
00:24:33,900 --> 00:24:37,600
So holy crap. 
Did you have any experience in 

436
00:24:37,600 --> 00:24:41,200
the field whatsoever or you 
learning everything as you went?

437
00:24:41,500 --> 00:24:43,800
Yeah, probably just learning as 
I go. 

438
00:24:43,800 --> 00:24:44,400
I think. 
Yeah. 

439
00:24:45,600 --> 00:24:49,100
I got into the industry in the 
first place because well, I used

440
00:24:49,100 --> 00:24:53,200
to do the digital marketing. 
I Crosses one website. 

441
00:24:53,200 --> 00:24:57,100
That was really crappy and I 
said, hey, I think I can help 

442
00:24:57,100 --> 00:24:58,800
them. 
So, I reached out to them, they 

443
00:24:58,800 --> 00:25:01,200
happen to be an Asic minor 
manufacturer. 

444
00:25:02,200 --> 00:25:04,500
One thing led to another, I kept
on helping them with other 

445
00:25:04,500 --> 00:25:08,800
things because of that, I 
learned about the Bitcoin mining

446
00:25:08,800 --> 00:25:10,800
industry because they were 
making Bitcoin Miners. 

447
00:25:12,100 --> 00:25:19,600
And when Bitcoin kind of went 
Belly Up in 2017, 2018, I just 

448
00:25:19,600 --> 00:25:22,300
reinvented myself and said, hey,
you know, I've learned Too much 

449
00:25:22,300 --> 00:25:24,800
about this industry, I don't 
want it to go to waste. 

450
00:25:25,200 --> 00:25:29,500
So when I just use my talents 
for for the mining industry. 

451
00:25:29,900 --> 00:25:31,700
So I just kind of said, all 
right, you know, I'm going to 

452
00:25:32,300 --> 00:25:36,300
buy equipment, I'm going to sell
miners, I'm gonna help people to

453
00:25:37,200 --> 00:25:42,100
do that, matchmaking for people,
and I got good at it, you know, 

454
00:25:42,100 --> 00:25:44,800
kind of like Kaboom Rex over 
there as well. 

455
00:25:45,300 --> 00:25:50,900
And eventually I said, hey, you 
know, we need to take this one 

456
00:25:50,900 --> 00:25:54,400
step further. 
And there needed to be a 

457
00:25:54,400 --> 00:25:57,000
conference. 
So I started a conference. 

458
00:25:57,200 --> 00:26:00,300
I knew all the people that were 
buying minors, selling miners, 

459
00:26:00,300 --> 00:26:04,400
providing power, providing a 
Transformers different Services 

460
00:26:04,400 --> 00:26:08,500
products to the industry. 
So I figured hey, let's bring it

461
00:26:08,500 --> 00:26:12,300
all together and I think, you 
know and that message is so 

462
00:26:12,300 --> 00:26:15,200
powerful, right? 
And you know, I know Tucson 

463
00:26:15,200 --> 00:26:18,300
before he was at Kaboom racks 
and Scott, we just recently met 

464
00:26:18,300 --> 00:26:23,900
been getting acquainted the 
Unity is just insane, right? 

465
00:26:23,900 --> 00:26:27,300
You know and the turnover right?
You said five years ago, right, 

466
00:26:27,300 --> 00:26:29,900
for me was sick. 
I'm on your six for Tucson, 

467
00:26:29,900 --> 00:26:32,000
right? 
I met him when he, when he was 

468
00:26:32,000 --> 00:26:35,400
doing his podcast, right? 
The opportunity in this field is

469
00:26:35,400 --> 00:26:37,400
insane. 
And I think that, you know, the 

470
00:26:37,400 --> 00:26:40,900
background right now, the live 
conference is a testament to how

471
00:26:40,900 --> 00:26:43,800
quick things could happen in a 
short period of time. 

472
00:26:43,900 --> 00:26:46,400
This industry is full of 
opportunities and whether it's 

473
00:26:46,400 --> 00:26:49,800
at Pacific Bitcoin or the mining
conference, this is the place to

474
00:26:49,808 --> 00:26:53,300
be if you want to work in the 
industry and If you want to know

475
00:26:53,300 --> 00:26:55,800
things about Bitcoin and Bitcoin
mining that you didn't know 

476
00:26:55,800 --> 00:26:57,600
before. 
Anyways, I'm gonna pass it on to

477
00:26:57,600 --> 00:27:00,500
Tucson. 
So Tucson, we were at a burger 

478
00:27:00,500 --> 00:27:05,300
bar yesterday, and we're eating 
burgers and we actually went 

479
00:27:05,300 --> 00:27:07,200
bowling there. 
That that night, I didn't know 

480
00:27:07,200 --> 00:27:08,600
we were going to end up there 
again. 

481
00:27:09,000 --> 00:27:11,900
And you were actually talking to
me about something really 

482
00:27:11,900 --> 00:27:14,700
fascinating. 
He said, Nico the energy prices 

483
00:27:14,700 --> 00:27:17,400
are going to stay or they are 
right and for anyone doesn't 

484
00:27:17,400 --> 00:27:20,300
know a good Bitcoin, mining 
prices anywhere, ideals. 

485
00:27:20,300 --> 00:27:21,900
Anywhere between two to three 
cents. 

486
00:27:22,400 --> 00:27:25,600
Usually people get between five 
and six and hosters usually 

487
00:27:25,600 --> 00:27:27,600
offer between seven and eight, 
right? 

488
00:27:27,600 --> 00:27:30,300
And you say that that's going to
continue to become more 

489
00:27:30,300 --> 00:27:32,500
expensive. 
Why is that is that due to 

490
00:27:32,500 --> 00:27:34,600
government policy? 
What's going on? 

491
00:27:34,600 --> 00:27:37,100
Because I think a lot of miners 
are hoping that govern that 

492
00:27:37,100 --> 00:27:38,700
prices are going to go back down
again. 

493
00:27:39,100 --> 00:27:41,200
And you made the case that that 
isn't the case at all. 

494
00:27:41,200 --> 00:27:44,700
Why do you believe that? 
Yeah, I mean, we're watching 

495
00:27:44,700 --> 00:27:46,000
what's happening? 
I mean, there's a lot of 

496
00:27:46,008 --> 00:27:48,900
geologic political stuff going 
on right now. 

497
00:27:50,300 --> 00:27:51,900
There's people blowing up 
Pipelines. 

498
00:27:52,300 --> 00:27:57,000
In Europe, there's a lot of 
sanctions going on, there's a 

499
00:27:57,000 --> 00:28:00,500
lot of you know, anti oil and 
gas stuff. 

500
00:28:00,500 --> 00:28:05,600
There's a lot of deployment of 
unreliable energy sources for 

501
00:28:05,600 --> 00:28:10,400
the sake of memes or whatever 
like yeah. 

502
00:28:10,600 --> 00:28:14,800
But yeah, I mean it's a lot of 
stuff coming together and then 

503
00:28:14,800 --> 00:28:17,600
we're also in a very 
inflationary environment like 

504
00:28:17,600 --> 00:28:21,000
the dollars going away, 
everything price in the dollar. 

505
00:28:21,100 --> 00:28:24,700
I mean, There's no dollar menu 
at McDonald's anymore. 

506
00:28:25,600 --> 00:28:30,000
Look like that's, that's a good,
you know, barometer for what's 

507
00:28:30,000 --> 00:28:32,100
going on right now. 
So Energy prices are going to go

508
00:28:32,100 --> 00:28:36,000
up and it's gonna get harder and
harder to, you know, find good 

509
00:28:36,000 --> 00:28:39,700
rates like two to three cents is
almost non-existent. 

510
00:28:39,900 --> 00:28:42,900
Right now for 25 cents is almost
non-existent right now. 

511
00:28:42,900 --> 00:28:48,100
I mean, if you're, you know, 
retail guy, buying 5, 10, 15 

512
00:28:49,300 --> 00:28:53,300
miners to host like nine, This 
is a good rate. 

513
00:28:54,900 --> 00:28:57,200
So that's what I think is going 
on. 

514
00:28:57,200 --> 00:29:01,200
I mean, it is rough out there 
and we're gonna see what 

515
00:29:01,200 --> 00:29:04,700
happens. 
So my pass it on to Tom Tom. 

516
00:29:04,800 --> 00:29:07,600
We got a chance to talk 
yesterday at the bowling alley 

517
00:29:07,600 --> 00:29:10,600
as well. 
And you were telling me about 

518
00:29:10,600 --> 00:29:14,200
your new, what you're launching.
Your new site. 

519
00:29:14,200 --> 00:29:17,900
Hash Branch, right? 
Can you tell a little bit to the

520
00:29:17,900 --> 00:29:19,700
people? 
What that is, why should they 

521
00:29:19,700 --> 00:29:21,600
care eccentric cetera? 
Absolutely. 

522
00:29:21,600 --> 00:29:22,000
Yeah. 
Yeah. 

523
00:29:22,008 --> 00:29:26,600
So hash branch is a listing 
review and Marketplace service 

524
00:29:26,600 --> 00:29:29,700
for North American Bitcoin, 
miner hosting companies. 

525
00:29:29,900 --> 00:29:33,200
We basically help these hosting 
companies that are popping up 

526
00:29:33,200 --> 00:29:35,400
everywhere, you know, put their 
name out there, put their put 

527
00:29:35,400 --> 00:29:37,700
their contract, their terms, 
like, what sort of things are 

528
00:29:37,700 --> 00:29:39,600
looking for? 
And then on, we try to find them

529
00:29:39,600 --> 00:29:42,100
quality customers, right by just
kind of opening it up. 

530
00:29:42,600 --> 00:29:44,800
And then on the other side, 
letting customers come to the 

531
00:29:44,800 --> 00:29:49,300
site, you can search sort filter
and basically narrow down what 

532
00:29:49,300 --> 00:29:52,200
hosting options are out there. 
And then connect directly to So 

533
00:29:52,600 --> 00:29:55,900
we're kind of trying to build 
some of the some of the 

534
00:29:55,900 --> 00:29:58,500
technologies that I think are 
needed in the space and just 

535
00:29:58,500 --> 00:30:00,800
connecting people to each other 
and let them let them do 

536
00:30:00,800 --> 00:30:04,100
business and you know, letting 
the market kind of dictate where

537
00:30:04,100 --> 00:30:06,500
terms go and where contracts go 
and we're prices, go and things 

538
00:30:06,500 --> 00:30:09,100
like that. 
So yeah, we launched about six 

539
00:30:09,100 --> 00:30:11,900
weeks ago and I've had some 
awesome awesome growth kind of 

540
00:30:12,300 --> 00:30:16,800
positively unexpected and it 
worried about 20 of the 50 

541
00:30:16,800 --> 00:30:18,500
states right now. 
We have you know, hosting 

542
00:30:18,500 --> 00:30:22,700
companies all over different 
sizes on Only one of the biggest

543
00:30:22,700 --> 00:30:24,600
things I'm starting to learn is 
like, man, there's a lot of 

544
00:30:24,600 --> 00:30:27,700
smart people, you know, building
right now, which, you know, 

545
00:30:27,800 --> 00:30:29,800
outside looking in. 
You might think, you know, all 

546
00:30:29,800 --> 00:30:32,500
men, Bitcoins Dead, all these 
things, but I just laugh because

547
00:30:32,500 --> 00:30:35,500
I'm, you know, you know, busier 
than ever talking to some really

548
00:30:35,500 --> 00:30:37,500
interesting people. 
Doing some really great work on 

549
00:30:37,500 --> 00:30:39,000
the mining side. 
So yeah. 

550
00:30:39,000 --> 00:30:43,000
So so it's interesting. 
So, you are building a site to 

551
00:30:43,000 --> 00:30:45,100
connect people to hosting 
companies. 

552
00:30:45,500 --> 00:30:48,900
How is this different than 
compass, for example, and what 

553
00:30:48,900 --> 00:30:50,900
are your thoughts on? 
What happened with compass? 

554
00:30:51,400 --> 00:30:54,600
Yeah, so The main difference I 
would say is that we're not 

555
00:30:54,600 --> 00:30:57,600
really trying to, you know, own 
the entire customer relationship

556
00:30:57,600 --> 00:30:59,900
and make it one-sided, right? 
We're really trying to just 

557
00:30:59,900 --> 00:31:02,500
connect people in the most 
efficient way and build kind of 

558
00:31:02,500 --> 00:31:05,400
tools and services on top of 
that to kind of make the market 

559
00:31:05,400 --> 00:31:07,800
more efficient, right? 
So when you come to Hash Branch,

560
00:31:07,800 --> 00:31:10,500
you can, you know, look at the 
list of the actual operators 

561
00:31:10,500 --> 00:31:11,700
that you're going to be working 
with, right? 

562
00:31:11,700 --> 00:31:14,600
We built in reviews so you can 
see what other people are 

563
00:31:14,600 --> 00:31:17,900
saying, you know about these 
services and things like that. 

564
00:31:18,300 --> 00:31:21,800
So we're you know we're trying 
to bring transparency them. 

565
00:31:21,900 --> 00:31:24,000
Market and just like let the, 
you know, let the best 

566
00:31:24,000 --> 00:31:25,800
competitive, you know, terms 
win. 

567
00:31:25,800 --> 00:31:29,300
And I think what's interesting 
is like, there's not one size 

568
00:31:29,300 --> 00:31:30,900
fits, all right. 
Like there's all sorts of 

569
00:31:30,900 --> 00:31:32,200
trade-offs. 
I mentioned that earlier that 

570
00:31:32,200 --> 00:31:34,300
people make and some people 
might be willing to pay a little

571
00:31:34,300 --> 00:31:36,300
bit more for different terms, 
right? 

572
00:31:36,300 --> 00:31:38,200
And and and that's really cool 
to see. 

573
00:31:38,700 --> 00:31:41,700
So yeah, I think, you know, on 
the compass side and I think 

574
00:31:41,700 --> 00:31:44,000
there's some other players that 
have faced some similar issues. 

575
00:31:44,000 --> 00:31:47,800
It's like when your business 
models tied to, you know, a lot 

576
00:31:47,800 --> 00:31:50,300
of counterparty risk in your 
kind of hiding, maybe who you're

577
00:31:50,300 --> 00:31:53,200
hosting with and you're maybe 
owning the Relationship, I think

578
00:31:53,208 --> 00:31:57,000
that works in certain scenarios,
but the downside is like, you 

579
00:31:57,000 --> 00:31:59,900
know, anything that happens on 
the hosting side, it kind of is 

580
00:31:59,900 --> 00:32:02,000
a reflection of your business 
because you're owning the entire

581
00:32:02,000 --> 00:32:03,600
relationship. 
Obviously, there's different 

582
00:32:03,600 --> 00:32:05,500
ways to handle that, and I think
people have made different 

583
00:32:05,500 --> 00:32:09,400
decisions, but, you know, we're 
not trying to kind of gobble up 

584
00:32:09,400 --> 00:32:11,700
the entire thing, we're trying 
to basically build the best way 

585
00:32:11,700 --> 00:32:13,800
for people to connect, and I 
think it's really needed 

586
00:32:13,800 --> 00:32:16,600
because, you know, started with 
hosting, but you know, I've had,

587
00:32:16,600 --> 00:32:17,800
you know, meeting Alex and 
stuff. 

588
00:32:17,800 --> 00:32:19,700
Like there's tons of people in 
the repair side that are 

589
00:32:19,700 --> 00:32:22,400
interested in stuff like this. 
And I think, just, Opening it up

590
00:32:22,400 --> 00:32:25,700
for the, for the players to 
communicate and transact and do 

591
00:32:25,700 --> 00:32:27,400
business with each other and 
trust each other. 

592
00:32:27,900 --> 00:32:29,400
Yeah, we've seen a lot of 
success. 

593
00:32:29,500 --> 00:32:31,400
So awesome. 
Congratulations. 

594
00:32:31,400 --> 00:32:33,000
Awesome. 
I actually checked out the site 

595
00:32:33,000 --> 00:32:34,400
yesterday you're showing on your
phone. 

596
00:32:34,800 --> 00:32:37,900
It's super, super cool. 
And I think, I think a lot of 

597
00:32:37,900 --> 00:32:39,200
people are going to appreciate 
that. 

598
00:32:39,300 --> 00:32:42,100
Going to go back to Tucson 
Tucson. 

599
00:32:42,100 --> 00:32:44,600
I've known you for a long time. 
I've known you. 

600
00:32:44,600 --> 00:32:48,200
For when you started, you know, 
as I think it's called The Toxic

601
00:32:48,200 --> 00:32:50,900
air waves and I saw you 
hustling, then, you know, you 

602
00:32:50,900 --> 00:32:53,200
landed the job. 
But I Kaboom racks. 

603
00:32:54,600 --> 00:32:56,300
I want to talk a little bit 
about Hope, right? 

604
00:32:56,300 --> 00:32:58,700
And Bitcoin and I think that's 
what Bitcoin really does. 

605
00:32:58,700 --> 00:33:02,300
It gives people hope and 
opportunity and eventually going

606
00:33:02,300 --> 00:33:07,600
to ask this question. 
Scott tell me how you ended up 

607
00:33:07,600 --> 00:33:09,800
in the mining industry why the 
mining industry is this 

608
00:33:09,800 --> 00:33:12,800
something that you wanted to end
up working before and if you can

609
00:33:12,800 --> 00:33:16,000
go back in time and talk to 
Tucson whenever you got into 

610
00:33:16,000 --> 00:33:17,800
Bitcoin, what would you tell 
him? 

611
00:33:18,000 --> 00:33:21,900
What would you do differently? 
If I went back, I'd say, don't 

612
00:33:21,900 --> 00:33:24,600
shake when did that for a little
bit? 

613
00:33:24,700 --> 00:33:27,700
Not very long. 
I got the use case of Bitcoin, 

614
00:33:27,700 --> 00:33:30,400
pretty quick, when I read the 
Bitcoin standard her about time 

615
00:33:30,400 --> 00:33:34,100
preference. 
But yeah, I just stumbled into 

616
00:33:34,100 --> 00:33:37,500
mining. 
I live in Arizona, could be a 

617
00:33:37,508 --> 00:33:40,500
ranks headquarters are in 
Arizona. 

618
00:33:40,500 --> 00:33:44,300
I was looking at working at a 
Bitcoin related company. 

619
00:33:44,300 --> 00:33:50,500
I had no experience with mining 
whatsoever and I've been Social 

620
00:33:50,500 --> 00:33:52,900
work for seven years and I just 
got burnt out. 

621
00:33:52,900 --> 00:33:56,200
I'm like, I'm not helping 
anybody until we fix the money 

622
00:33:56,500 --> 00:33:59,600
people are didn't continue to 
get sicker and sicker and so 

623
00:33:59,600 --> 00:34:02,600
it's like you know, if a bunch 
of people and our society are 

624
00:34:02,600 --> 00:34:07,500
getting poisoned, like the 
answer isn't to go and to the 

625
00:34:08,000 --> 00:34:11,000
work at hospitals to help treat 
people for getting poisoned is 

626
00:34:11,000 --> 00:34:13,900
to go figure out what the poison
is and no way could hold on a 

627
00:34:13,908 --> 00:34:16,000
second. 
What do you mean poison? 

628
00:34:16,100 --> 00:34:19,199
Like it? 
Is that it so you know, I always

629
00:34:19,199 --> 00:34:20,300
blame it on Fiat. 
Right. 

630
00:34:20,300 --> 00:34:21,699
Is Greg. 
Foster told me. 

631
00:34:21,800 --> 00:34:26,199
No, it was, it was, it was Tomer
towards like you said that ten 

632
00:34:26,199 --> 00:34:27,900
times. 
Its, you're always blaming it on

633
00:34:27,900 --> 00:34:30,800
Fiat. 
It is the poison due to Broken 

634
00:34:30,800 --> 00:34:31,900
money. 
Broken world. 

635
00:34:32,800 --> 00:34:34,500
Yeah, I mean, that's a big part 
of it, for sure. 

636
00:34:34,500 --> 00:34:37,100
I mean, it, it's, there's always
going to be sick people. 

637
00:34:37,100 --> 00:34:39,000
There's always going to be 
broken families, but when you 

638
00:34:39,000 --> 00:34:43,199
look at people getting racked by
our financial system, by the 

639
00:34:43,199 --> 00:34:48,199
stupids specular saving 
mechanisms that are not money by

640
00:34:48,500 --> 00:34:52,699
being unable to build equity in 
their On Lies by these education

641
00:34:52,699 --> 00:34:55,800
systems that, you know, are 
teaching people how to be, you 

642
00:34:55,800 --> 00:34:59,600
know, have no self-confidence 
and she's be, you know, low 

643
00:34:59,600 --> 00:35:03,400
self-worth, like all of it, 
coming together, most of it 

644
00:35:03,400 --> 00:35:07,700
being facilitated, and only 
existing, because of Fiat and 

645
00:35:07,700 --> 00:35:10,300
the ability to centrally 
controlled things, as a result 

646
00:35:10,300 --> 00:35:14,300
of that, it's a real big problem
and it's only going to continue.

647
00:35:14,300 --> 00:35:17,000
Like, I mean, if you look at 
what's happening right now, how 

648
00:35:17,000 --> 00:35:19,000
does this get better without 
going? 

649
00:35:19,000 --> 00:35:21,200
And fixing them up On it, does 
it. 

650
00:35:22,800 --> 00:35:25,600
But yeah. 
So I stumbled into Bitcoin 

651
00:35:25,600 --> 00:35:30,700
mining and became obsessed. 
You know, the work in social 

652
00:35:30,700 --> 00:35:32,600
work, you kind of have to be a 
masochist. 

653
00:35:32,600 --> 00:35:35,600
So I feel like I was predisposed
like Bitcoin miners really 

654
00:35:35,600 --> 00:35:38,000
painful, the industry's wide 
open. 

655
00:35:38,000 --> 00:35:40,000
There's a lot of, you know, 
different opportunities and 

656
00:35:40,008 --> 00:35:42,400
money to be made here. 
I mean, you don't have to just 

657
00:35:42,600 --> 00:35:47,200
mine yourself. 
I remind myself a little bit, 

658
00:35:47,200 --> 00:35:49,900
but there's so much room to grow
like Scott's talking about that.

659
00:35:50,100 --> 00:35:56,000
Stream attorney in like we need,
we need so much in this 

660
00:35:56,000 --> 00:35:57,800
industry. 
There needs to be technical 

661
00:35:58,000 --> 00:36:01,800
data, published their needs to 
be stuff like Tom's doing, which

662
00:36:01,800 --> 00:36:04,800
I'm so bullish on it. 
Very, very happy about that. 

663
00:36:04,900 --> 00:36:08,500
Happy to support him as much as 
I can. 

664
00:36:10,200 --> 00:36:13,800
Yeah, I mean, it's not like, you
know, if you go on bitcoin or 

665
00:36:13,800 --> 00:36:18,000
jobs, you're going to see all 
these jobs for for dabs pretty 

666
00:36:18,000 --> 00:36:19,500
much. 
And like the answer isn't 

667
00:36:19,500 --> 00:36:21,200
necessary. 
Ali, learn to code. 

668
00:36:21,200 --> 00:36:25,300
It's go identify, whatever the 
issue is, and come up with a 

669
00:36:25,300 --> 00:36:28,200
solution for it. 
Oh, that dude, that was 

670
00:36:28,200 --> 00:36:29,900
inspiring. 
I'd love that answer. 

671
00:36:30,000 --> 00:36:31,600
I'm going to go back. 
You know what it is? 

672
00:36:31,800 --> 00:36:35,000
Is because he has experience. 
He's done a podcast before he 

673
00:36:35,000 --> 00:36:38,900
gets it. 
Anyways, back to Scott, Scott 

674
00:36:39,200 --> 00:36:43,600
clearly successful entrepreneur,
you want to add to what Tucson 

675
00:36:43,600 --> 00:36:46,300
was saying that message, right? 
And I want to make this kind of 

676
00:36:46,300 --> 00:36:49,100
the theme, right? 
This message of Hope, tremendous

677
00:36:49,100 --> 00:36:52,100
opportunity in Bitcoin space in 
the mining space. 

678
00:36:53,200 --> 00:36:54,900
What are your thoughts? 
Yeah, no. 

679
00:36:54,900 --> 00:37:00,900
I think what he says, you know, 
it's resounding in my mind right

680
00:37:00,900 --> 00:37:05,100
now, you know, the crypto 
currency Market. 

681
00:37:05,100 --> 00:37:09,200
It's obviously very well no 
Bitcoin Bitcoin Bitcoin is 

682
00:37:09,200 --> 00:37:15,100
volatile and a lot of times our 
emotions are tied into that, you

683
00:37:15,100 --> 00:37:19,600
know, when price goes up price 
goes down and and you know, even

684
00:37:19,600 --> 00:37:24,100
for myself If personally, I've 
struggled in the past with, you 

685
00:37:24,100 --> 00:37:28,600
know, my identity who I am and 
I've always tied That Into, You 

686
00:37:28,600 --> 00:37:32,000
know, how hard I work or how 
successful my company is or 

687
00:37:32,000 --> 00:37:35,600
isn't and, you know, so there's 
ups and downs. 

688
00:37:35,700 --> 00:37:40,400
So I hear what he's saying 
about, you know, the the mining 

689
00:37:40,400 --> 00:37:43,900
industry being difficult and 
also social work being 

690
00:37:43,900 --> 00:37:48,000
difficult. 
I mean geez experience there. 

691
00:37:48,000 --> 00:37:49,800
I think there's definitely some 
parallels. 

692
00:37:50,100 --> 00:37:54,400
Got your masochist for sure. 
Yeah, I live I let him bully me 

693
00:37:54,400 --> 00:37:59,000
all the time but but no you know
I think what we're building here

694
00:37:59,000 --> 00:38:04,800
is is an ecosystem to help 
people to be successful and and 

695
00:38:04,800 --> 00:38:09,100
to, you know, Wade out those 
those low times together. 

696
00:38:10,400 --> 00:38:11,800
Yeah. 
So, you know, we're bringing 

697
00:38:11,800 --> 00:38:15,300
like he said technicians 
together, service providers, 

698
00:38:15,300 --> 00:38:20,800
people have products for the 
mining industry and It's not 

699
00:38:20,800 --> 00:38:23,200
just about having fun getting 
together and partying but it's 

700
00:38:23,200 --> 00:38:27,300
about supporting each other and 
you know, hopefully we can 

701
00:38:27,300 --> 00:38:30,800
accomplish that together here. 
So where do you see the 

702
00:38:30,800 --> 00:38:33,500
industry? 
Five years from now, you were 

703
00:38:33,500 --> 00:38:35,600
talking about. 
There's a bunch of things that 

704
00:38:35,600 --> 00:38:37,600
needs to be done. 
Why are you saying that? 

705
00:38:37,900 --> 00:38:39,700
Why you saying that mining is 
difficult? 

706
00:38:40,700 --> 00:38:43,100
I want to know it, shouldn't it 
shouldn't be difficult. 

707
00:38:43,200 --> 00:38:46,200
No, one of my previous business 
partners. 

708
00:38:47,400 --> 00:38:49,900
He was very that kind of down in
the dumps. 

709
00:38:50,200 --> 00:38:55,500
And he said, mining should be 
easy that this shouldn't be this

710
00:38:55,500 --> 00:38:58,800
hard. 
Let's just plug some miners in, 

711
00:38:58,900 --> 00:39:00,700
you know, get rid of all the 
other red tape. 

712
00:39:00,900 --> 00:39:05,100
But it's not always not always 
that easy, it takes people. 

713
00:39:05,100 --> 00:39:08,600
You know, you can't do this by 
yourself, you can't be an expert

714
00:39:08,600 --> 00:39:13,100
at everything, you can get good 
at some things, but you always 

715
00:39:13,100 --> 00:39:16,700
need other people to be there 
around you. 

716
00:39:17,700 --> 00:39:19,700
I can't even remember the 
original question. 

717
00:39:19,700 --> 00:39:22,800
You Ask me. 
No, I mean so and I think that's

718
00:39:22,800 --> 00:39:25,300
one of the, you know, and I have
someone in the chat, right. 

719
00:39:25,300 --> 00:39:27,300
That said it. 
He's like how can I - I think 

720
00:39:27,300 --> 00:39:29,200
that's one of the most 
perplexing things. 

721
00:39:29,500 --> 00:39:31,900
How would you recommend if 
someone wanted to get into 

722
00:39:31,900 --> 00:39:33,800
Bitcoin mining? 
How would you obviously tell 

723
00:39:33,800 --> 00:39:35,100
them to come to the mining 
conference? 

724
00:39:35,700 --> 00:39:38,700
But that's the cheat sheet if 
they're at home or perhaps, they

725
00:39:38,700 --> 00:39:40,700
don't have the privilege, you 
know, or they're not in the 

726
00:39:40,708 --> 00:39:42,800
financial situation to afford a 
trip. 

727
00:39:43,000 --> 00:39:45,100
Right? 
How would you recommend someone 

728
00:39:45,300 --> 00:39:46,900
they just they want to get into 
mining. 

729
00:39:46,900 --> 00:39:48,300
Maybe they don't have a lot of 
money. 

730
00:39:48,400 --> 00:39:49,800
What would you tell them? 
Yeah. 

731
00:39:50,200 --> 00:39:52,800
Yes, there's ways to do that, 
you know obviously just kind of 

732
00:39:53,200 --> 00:39:56,300
learn a little bit about 
Bitcoin, learn a little bit 

733
00:39:56,300 --> 00:40:02,200
about the technology, maybe just
just buy an old cheap minor plug

734
00:40:02,200 --> 00:40:04,200
it in somewhere and figure out 
how it works. 

735
00:40:04,200 --> 00:40:06,900
You know, like how do you 
connect it to a pool? 

736
00:40:06,900 --> 00:40:09,600
How do you make sure that pool 
is paying out to your own 

737
00:40:09,600 --> 00:40:11,800
wallet? 
Very small steps. 

738
00:40:12,000 --> 00:40:13,600
It doesn't have to cost you a 
lot. 

739
00:40:13,600 --> 00:40:16,200
You don't have to go all in with
a hundred thousand dollars or 

740
00:40:16,200 --> 00:40:19,900
something. 
Like day one very important. 

741
00:40:20,000 --> 00:40:21,500
Yeah. 
You know past past your 

742
00:40:21,500 --> 00:40:25,100
decisions by your spouse by your
partner, by your friends. 

743
00:40:26,200 --> 00:40:31,700
You know don't try to hide stuff
and and try to do it together as

744
00:40:31,700 --> 00:40:35,100
a team, right? 
And then from there like you 

745
00:40:35,100 --> 00:40:38,200
said, there's online 
communities, there's conferences

746
00:40:38,200 --> 00:40:41,800
like this. 
So we also do something that's 

747
00:40:41,800 --> 00:40:47,800
called a build in mind boot camp
where it's a five-day you go on 

748
00:40:47,800 --> 00:40:52,400
to three hours every morning And
we just learn as a community 

749
00:40:52,400 --> 00:40:55,300
together and ask questions with 
each other and go through the 

750
00:40:55,300 --> 00:40:58,300
process. 
One step at a time of everything

751
00:40:58,300 --> 00:41:02,100
you need to know to get a farm 
up and running basically like 

752
00:41:02,100 --> 00:41:04,900
your first megawatt. 
And that's the most important 

753
00:41:04,900 --> 00:41:06,500
thing. 
You know, everybody comes in 

754
00:41:06,500 --> 00:41:08,700
with really big dreams and 
saying I'm going to build a 

755
00:41:08,700 --> 00:41:11,100
hundred megawatt site and you 
know, that that I mean that's 

756
00:41:11,100 --> 00:41:15,200
like hundreds of thousands of 
miners millions and millions of 

757
00:41:15,200 --> 00:41:19,800
dollars but getting your first 
megawatt or even just getting 

758
00:41:19,800 --> 00:41:22,400
your first Minor plugged in, you
know, that you just got to take 

759
00:41:22,700 --> 00:41:24,500
baby steps. 
Yeah. 

760
00:41:24,500 --> 00:41:28,400
So let me ask you something. 
What are the forms of revenue 

761
00:41:28,400 --> 00:41:30,200
for minors, right? 
Because it's not only mining. 

762
00:41:30,200 --> 00:41:32,500
I think it's also selling 
machines at the right time, 

763
00:41:32,500 --> 00:41:34,100
buying the machines at the right
time. 

764
00:41:34,200 --> 00:41:39,900
Yep, the definitely the timing. 
So if you do invest in a minor 

765
00:41:41,300 --> 00:41:44,700
you know, maybe when the price 
of Bitcoins really high and also

766
00:41:44,700 --> 00:41:48,400
the price of the miners are very
high, you can plug it in you, 

767
00:41:48,400 --> 00:41:50,000
you might make your money back 
over time. 

768
00:41:50,200 --> 00:41:54,600
I'm but it's not necessarily a 
less lost cause if you spent way

769
00:41:54,600 --> 00:41:56,900
too much on that minor, you 
might be able to make a little 

770
00:41:56,900 --> 00:42:00,300
bit of your money back. 
If you sell that minor on the 

771
00:42:00,300 --> 00:42:04,800
secondary Market to maybe 
upgrade to a newer latest 

772
00:42:04,800 --> 00:42:08,700
greatest mining machine. 
But yeah, like they're saying 

773
00:42:08,700 --> 00:42:12,000
there's a lot of different 
things in this industry that 

774
00:42:12,000 --> 00:42:16,000
people can make money with and 
it's just a matter of figuring 

775
00:42:16,000 --> 00:42:18,500
it out there. 
There's a lot of opportunity out

776
00:42:18,500 --> 00:42:21,000
there right now. 
So I'm going to ask this 

777
00:42:21,000 --> 00:42:23,200
question to the entire panel and
feel free to pick up the 

778
00:42:23,200 --> 00:42:24,600
microphone if you want to 
answer. 

779
00:42:25,800 --> 00:42:28,200
How has it changed since the 
China banned? 

780
00:42:28,400 --> 00:42:31,700
Obviously we know for a fact 
that you know a tremendous 

781
00:42:31,700 --> 00:42:33,700
amount of miners moved from 
China. 

782
00:42:33,700 --> 00:42:37,000
They distributed all over the 
world but we know that a lot of 

783
00:42:37,000 --> 00:42:39,300
them ended up in North America, 
right? 

784
00:42:39,500 --> 00:42:42,900
How has the landscape changed? 
Is it more hopeful do you fear 

785
00:42:42,900 --> 00:42:45,700
about, you know, over 
concentration of the mining hash

786
00:42:45,700 --> 00:42:48,600
rate in the United States? 
What your guys thoughts? 

787
00:42:49,400 --> 00:42:52,500
Yeah, I mean I think the obvious
one is like you said, you know, 

788
00:42:52,500 --> 00:42:54,900
North America is kind of gobbled
up a lot of the hash rate and 

789
00:42:54,900 --> 00:42:57,900
we're kind of at, you know, 
crazy all time times at all-time

790
00:42:57,900 --> 00:43:00,200
highs in terms of global ashrae,
which I think is awesome. 

791
00:43:00,900 --> 00:43:03,000
I think there's again there's 
trade-offs. 

792
00:43:03,000 --> 00:43:05,900
I think like, what we learned 
was that again you know, the 

793
00:43:05,900 --> 00:43:10,000
market found out that certain 
you know certain geographies 

794
00:43:10,000 --> 00:43:12,200
certain political systems 
probably aren't going to be you 

795
00:43:12,200 --> 00:43:15,000
know, great long-term you might 
get you know, darn near free 

796
00:43:15,000 --> 00:43:17,500
electricity. 
But you're you know, the risk is

797
00:43:17,500 --> 00:43:19,000
that overnight, they shut you 
off. 

798
00:43:19,300 --> 00:43:22,000
Where I think. 
Absolutely. 

799
00:43:22,000 --> 00:43:24,300
You don't want to have a 
concentration one geography, but

800
00:43:24,300 --> 00:43:26,900
I think one of the great things 
about, you know, at least the US

801
00:43:26,900 --> 00:43:29,300
is that we're pretty 
federalized. 

802
00:43:29,300 --> 00:43:31,100
We have a lot of different 
states doing different things, 

803
00:43:31,100 --> 00:43:33,900
different policies here and 
there so you know what? 

804
00:43:33,900 --> 00:43:36,800
One state decides that doesn't 
really matter in most other 

805
00:43:36,800 --> 00:43:38,100
states? 
I mean, everyone kind of can 

806
00:43:38,100 --> 00:43:40,600
make their own decisions and I 
think the cool thing I've seen 

807
00:43:40,600 --> 00:43:42,900
is it's like it's kind of been 
Bottoms Up, right? 

808
00:43:42,900 --> 00:43:46,500
It's been very organic people on
the ground saying, hey, I can 

809
00:43:46,500 --> 00:43:48,600
plug in an Asic here. 
Hey, I can, you know, I can grab

810
00:43:48,600 --> 00:43:51,200
some power. 
Here, I think that like over the

811
00:43:51,200 --> 00:43:53,200
long term is going to be the 
best way to strengthen the 

812
00:43:53,208 --> 00:43:56,400
network is, you know, Bottoms Up
distributed and I think the u.s.

813
00:43:56,400 --> 00:43:57,700
is kind of Paving the way for 
that. 

814
00:43:58,400 --> 00:44:02,700
Yeah, absolutely. 
So gonna have someone and 

815
00:44:02,700 --> 00:44:05,300
actually want to get Scott's 
thoughts and opinions on this 

816
00:44:05,700 --> 00:44:08,600
and it was Denver Bitcoin. 
He said he claimed that 

817
00:44:08,600 --> 00:44:12,000
immersion was over. 
And someone said, you know, this

818
00:44:12,000 --> 00:44:14,300
is one of the comments from Sean
says the machines are allowed 

819
00:44:14,300 --> 00:44:16,100
space. 
Heaters you want space that will

820
00:44:16,100 --> 00:44:18,100
allow us. 
Don't even think about it in an 

821
00:44:18,100 --> 00:44:21,400
apartment. 
Immersion is an option. 

822
00:44:21,400 --> 00:44:24,400
But costly, what do you think 
about mining Bitcoin emerging 

823
00:44:24,400 --> 00:44:25,800
for anyone? 
That doesn't know right? 

824
00:44:25,800 --> 00:44:28,900
Usually, there's air flow rights
fans that control the heat. 

825
00:44:29,100 --> 00:44:31,700
But you could also dumped them 
in the form of liquid. 

826
00:44:31,700 --> 00:44:33,300
I think it's like mineral oil or
something. 

827
00:44:33,400 --> 00:44:35,700
Yeah, a dielectric fluid. 
Yeah. 

828
00:44:35,700 --> 00:44:40,300
So, that's really one of the 
biggest barriers to entry, as 

829
00:44:40,300 --> 00:44:46,100
maybe a home minor, with, with 
mining Bitcoin, they use very 

830
00:44:46,800 --> 00:44:51,500
heat intensive, energy, energy, 
and Intensive machines, and 

831
00:44:51,500 --> 00:44:57,900
they're very loud, very hot. 
So if you can get over that 

832
00:44:58,200 --> 00:45:03,900
barrier, it's a great thing. 
So some things that people are 

833
00:45:03,900 --> 00:45:06,700
talking about here at the 
conference there's exhibitors 

834
00:45:06,700 --> 00:45:11,800
and and speakers specifically 
talking about maybe how to reuse

835
00:45:11,800 --> 00:45:17,000
that heat to heat your home and 
then also how to mitigate the 

836
00:45:17,000 --> 00:45:20,900
problem of the noise and 
Immersion is definitely one of 

837
00:45:20,908 --> 00:45:24,900
those things to look into for 
that especially if people are 

838
00:45:24,908 --> 00:45:30,400
going to be wanting to mine 
residentially or in an apartment

839
00:45:30,400 --> 00:45:34,500
or in, you know, in your 
basement taking away the noise 

840
00:45:34,500 --> 00:45:40,600
and finding a way to dissipate 
that heat using liquid cooling, 

841
00:45:40,600 --> 00:45:44,200
it definitely makes sense. 
But like you said, it is costly 

842
00:45:44,300 --> 00:45:47,900
and it but in the last few 
years, I've seen those prices 

843
00:45:47,900 --> 00:45:50,900
come down. 
So you know, yeah you can buy a 

844
00:45:51,000 --> 00:45:55,200
simple rack and a power cord and
plug your minor in and I can run

845
00:45:55,200 --> 00:45:59,000
off air. 
But there's there's Associated 

846
00:45:59,200 --> 00:46:03,000
issues that come with that like 
your, your wife gets really mad 

847
00:46:03,000 --> 00:46:09,600
or your house gets we do idea. 
So, yeah, the price is coming 

848
00:46:09,600 --> 00:46:12,300
down though. 
People are figuring out the 

849
00:46:12,300 --> 00:46:16,300
technology in order to make that
cheaper and make it better make 

850
00:46:16,300 --> 00:46:19,400
it more efficient and and yes 
some of the actual Features 

851
00:46:19,400 --> 00:46:24,300
here, like bit Main mikrobitti 
and and Canaan. 

852
00:46:25,400 --> 00:46:27,600
They're all kind of secretly 
working on on things in the 

853
00:46:27,608 --> 00:46:29,700
background that I think we're 
going to see very soon that will

854
00:46:29,700 --> 00:46:33,600
make it easier. 
But, yeah, I think just walking 

855
00:46:33,600 --> 00:46:40,100
around this expo hall this week.
You get some really great ideas 

856
00:46:40,100 --> 00:46:43,600
on that. 
Absolutely, you know, and I can 

857
00:46:43,600 --> 00:46:48,900
attest to that 100% unique. 
Oh, excuse me, I want to ask 

858
00:46:48,900 --> 00:46:52,100
you. 
Sonic question because I saw 

859
00:46:52,100 --> 00:46:54,800
your, I saw your talk yesterday 
and I thought it was very 

860
00:46:54,800 --> 00:46:57,300
interesting at the end when you 
were telling everyone what your 

861
00:46:57,300 --> 00:47:00,200
favorite Asic was. 
So maybe could you rehash what 

862
00:47:00,200 --> 00:47:07,000
you were saying on your favorite
a sick or maybe just the idea of

863
00:47:07,600 --> 00:47:10,200
excuse me. 
Guys of more hash may like more 

864
00:47:10,200 --> 00:47:14,100
hash power per Terror. 
Hash / you know the higher the 

865
00:47:14,100 --> 00:47:16,500
hash power coming out the A6, 
may not be the best move for 

866
00:47:16,500 --> 00:47:20,300
most people. 
Yeah, yeah, for sure. 

867
00:47:20,300 --> 00:47:22,300
I mean there's trade-offs for 
everything. 

868
00:47:22,600 --> 00:47:25,300
So I think everybody wants to 
sell their product. 

869
00:47:26,900 --> 00:47:32,800
I want to sell product, I sell 
Bitcoin miners, but Yeah, I 

870
00:47:32,800 --> 00:47:34,900
mean, okay, I want to I want to 
talk real quick. 

871
00:47:34,900 --> 00:47:38,100
I'll get to that but okay, so 
what Denver is referring to? 

872
00:47:38,100 --> 00:47:41,100
So I don't know if you can see 
it behind us but bit main has a 

873
00:47:41,108 --> 00:47:44,600
water-cooled product. 
What's minor has a water cool 

874
00:47:44,600 --> 00:47:47,200
product. 
Here, liquid, cooling is better 

875
00:47:47,200 --> 00:47:49,400
than air cooling air: presents 
problems. 

876
00:47:49,400 --> 00:47:52,800
It's just not as efficient as 
liquid cooling, and so that I 

877
00:47:52,800 --> 00:47:56,900
think that's what he's referring
to, but immersion is not going 

878
00:47:56,900 --> 00:48:00,000
anywhere in the near future 
because there's are called 

879
00:48:00,000 --> 00:48:03,000
machines that can be converted. 
Did and profitably mind an 

880
00:48:03,000 --> 00:48:08,100
immersion, they kind of go back 
to your your question Opti or 

881
00:48:08,100 --> 00:48:11,200
Optimist. 
Yeah. 

882
00:48:11,200 --> 00:48:14,100
I mean my favorite Asic is the 
one that works for my situation.

883
00:48:15,200 --> 00:48:17,000
It's one that I can get for a 
good price. 

884
00:48:17,000 --> 00:48:22,000
Oftentimes the brand new unit is
going to be way more expensive 

885
00:48:22,000 --> 00:48:24,800
than an older unit. 
Might not make sense to buy it 

886
00:48:25,900 --> 00:48:27,500
just because it's that brand new
thing. 

887
00:48:27,500 --> 00:48:31,200
Like as miners I think it's 
important to think about ending 

888
00:48:31,200 --> 00:48:34,500
up With more Bitcoin. 
Especially if you're looking to 

889
00:48:34,500 --> 00:48:38,500
mine it home and oftentimes it 
doesn't make sense to my home. 

890
00:48:38,700 --> 00:48:42,100
Oftentimes it just doesn't make 
sense to mind in general. 

891
00:48:42,100 --> 00:48:47,100
I mean if you have higher power 
rates is exclusive and you know,

892
00:48:47,100 --> 00:48:51,700
the goal is you want to price 
the machine and sads estimate 

893
00:48:51,700 --> 00:48:55,000
your revenue and sad sand and 
ensure that you have more 

894
00:48:55,000 --> 00:48:58,600
Bitcoin in the long run. 
But yeah, there's a bunch of 

895
00:48:58,600 --> 00:49:00,600
different manufacturers. 
I think it's important to get 

896
00:49:00,600 --> 00:49:04,200
one that has Has been out for a 
little bit. 

897
00:49:04,300 --> 00:49:06,600
You know, if you go and you buy 
first production runs, it's more

898
00:49:06,600 --> 00:49:11,100
likely to have issues. 
So is this if Denver Bitcoin was

899
00:49:11,100 --> 00:49:13,000
looking at you? 
What would you say to this? 

900
00:49:13,300 --> 00:49:15,700
And he says, for audio 
listeners, I'm telling you. 

901
00:49:16,100 --> 00:49:19,000
I'm telling ya water. 
Cool going to make immersion 

902
00:49:19,000 --> 00:49:21,600
just impractical immersion. 
Might survive the decade, but it

903
00:49:21,600 --> 00:49:24,200
won't drive into the future. 
And you any any thoughts about 

904
00:49:24,200 --> 00:49:27,600
that Scott? 
It really depends. 

905
00:49:27,600 --> 00:49:30,600
If the manufacturers start 
making these things from the 

906
00:49:30,600 --> 00:49:35,100
very beginning designed 
specifically for that, you know,

907
00:49:35,100 --> 00:49:37,200
right now, everything's being 
retrofitted. 

908
00:49:38,300 --> 00:49:40,700
So yeah, I think it could go 
either way. 

909
00:49:41,500 --> 00:49:46,200
I'm not sure how well the 
manufacturers are actually 

910
00:49:46,200 --> 00:49:52,800
listening to their customers. 
But but yeah, we'll see, we will

911
00:49:52,800 --> 00:49:54,100
see. 
We will see you heard that 

912
00:49:54,100 --> 00:49:55,700
Denver Tucson. 
I see you. 

913
00:49:55,900 --> 00:49:57,400
Of the micro. 
What do you want to say? 

914
00:49:57,500 --> 00:50:00,300
Yeah, I mean why are minors 
doing this miners? 

915
00:50:00,300 --> 00:50:02,200
Do all sorts of queer, crazy 
people. 

916
00:50:02,200 --> 00:50:05,500
We want to do things and all 
sorts of different weird unique 

917
00:50:05,500 --> 00:50:10,200
ways, we have diverse use cases 
for mining, the manufacturers, 

918
00:50:10,200 --> 00:50:12,100
make things, you know, specific 
way. 

919
00:50:12,100 --> 00:50:15,300
I think water cooling makes a 
lot of sense and I'm very 

920
00:50:15,300 --> 00:50:17,600
excited that this is being 
rolled out. 

921
00:50:17,600 --> 00:50:22,300
I think there's massive benefits
to it, but being miners, we're 

922
00:50:22,300 --> 00:50:24,000
going to still want to do weird 
things. 

923
00:50:24,900 --> 00:50:27,700
So, yeah, I mean, I I think it's
fair but you know, water cooling

924
00:50:27,700 --> 00:50:30,100
provides its own set of 
headaches and issues. 

925
00:50:30,100 --> 00:50:31,300
You know. 
You need really. 

926
00:50:31,400 --> 00:50:34,400
You hear that Denver Tucson want
to meet you outside. 

927
00:50:34,500 --> 00:50:35,300
All right guys. 
Yeah. 

928
00:50:35,300 --> 00:50:38,100
And and it does need to be said.
That water. 

929
00:50:38,100 --> 00:50:41,000
Cooling is different from liquid
immersion. 

930
00:50:42,200 --> 00:50:44,500
So yeah, there's a whole other 
topic though. 

931
00:50:45,900 --> 00:50:48,200
Yeah, I think like it'll just 
be, you know, different 

932
00:50:48,200 --> 00:50:50,600
different Technologies applied 
in different situations, right? 

933
00:50:50,600 --> 00:50:53,500
It's just going to be, you know,
more Innovation is going to be a

934
00:50:53,500 --> 00:50:55,700
mixed bag of what people want to
use where they want to use it. 

935
00:50:55,900 --> 00:50:58,600
They can get it, you know, where
they can deploy it mean, I think

936
00:50:58,600 --> 00:51:00,700
the more the better so just like
energy generation, right? 

937
00:51:00,700 --> 00:51:04,100
There's not going to be one size
fits all so and I just wanted to

938
00:51:04,100 --> 00:51:06,700
add to Scotts point, right? 
Immersion is when you actually 

939
00:51:06,700 --> 00:51:10,000
dip the chips into a liquid 
water, cooling is when you use 

940
00:51:10,000 --> 00:51:13,400
the water on the outside of the 
chip to cool it down and air 

941
00:51:13,400 --> 00:51:15,600
cooling is when you use are 
obviously. 

942
00:51:15,900 --> 00:51:17,600
But anyways guys this time for 
the movie. 

943
00:51:17,600 --> 00:51:19,100
Let's check it out. 
Yeah. 

944
00:51:21,200 --> 00:51:25,800
The daily meme review, brought 
to you by Cipher safe, don't be 

945
00:51:25,800 --> 00:51:28,600
that person that loses their 
Bitcoin seed. 

946
00:51:28,600 --> 00:51:31,300
Due to fire damage water damage 
dog. 

947
00:51:31,300 --> 00:51:35,300
Attacks back up your 
generational Bitcoin wealth on 

948
00:51:35,500 --> 00:51:39,400
steel and there's no better 
place to do it than the cipher 

949
00:51:39,400 --> 00:51:43,800
grid by Cipher safe and now 
check out their new Bitcoin art 

950
00:51:43,800 --> 00:51:47,200
the Bitcoin rulebooks triangle 
only on Cipher. 

951
00:51:47,200 --> 00:51:51,500
Safe dot IO. 
All right guys y'all You know 

952
00:51:51,500 --> 00:51:55,600
the meme of the meme review. 
Tweets are the bullets and memes

953
00:51:55,600 --> 00:51:58,200
are the artillery out there and 
it's information War. 

954
00:51:58,200 --> 00:52:00,800
You guys are on the front lines,
continue to meme, people 

955
00:52:01,100 --> 00:52:03,700
continue to get the cause of 
actions continue to make the 

956
00:52:03,700 --> 00:52:06,500
funnies because we need to 
spread this information. 

957
00:52:07,000 --> 00:52:10,000
This first one, I don't think 
Stefan the bear was the first 

958
00:52:10,000 --> 00:52:12,100
one, but this is the first one I
saw this morning. 

959
00:52:12,600 --> 00:52:15,500
It's a little Savage for those 
people that got caught up in 

960
00:52:15,500 --> 00:52:19,700
this mess, but it's a flag that 
says, Mark says, from Celsius 

961
00:52:19,700 --> 00:52:23,400
doxing today, Day. 
So guys, you know, we don't want

962
00:52:23,400 --> 00:52:25,400
to jump on people's pain. 
You know. 

963
00:52:25,400 --> 00:52:27,900
We don't want to kick a dead 
horse, but this is why we tell 

964
00:52:27,900 --> 00:52:31,000
you guys to take self custody 
and do not Chase yield on these 

965
00:52:31,000 --> 00:52:34,700
very scammy yield providing 
platform anyway. 

966
00:52:34,700 --> 00:52:38,600
This next one on, one of our 
news yesterday, we covered the 

967
00:52:38,600 --> 00:52:42,800
EU banning all Russian, quote 
unquote, crypto asset wallets 

968
00:52:42,900 --> 00:52:46,500
and then we got this meme. 
I'm pretty sure this one's an 

969
00:52:46,500 --> 00:52:50,000
old one that's been rehashed but
you had to put them out. 

970
00:52:50,000 --> 00:52:53,200
You got to pull out those I mean
from your very deep folder 

971
00:52:53,200 --> 00:52:57,000
history in your phone and it 
goes the EU, how to stop Bitcoin

972
00:52:57,500 --> 00:53:00,600
and an orange little bit coin, 
you can't laughing my ass off. 

973
00:53:00,800 --> 00:53:03,700
This next one, we're going to 
continue to double down on this 

974
00:53:03,700 --> 00:53:06,800
idea because it seems like the 
world is exploding around us. 

975
00:53:07,300 --> 00:53:11,700
Dylan Leclair with the standard 
MPC party meme. 

976
00:53:11,800 --> 00:53:13,000
They don't know the sovereign 
debt. 

977
00:53:13,000 --> 00:53:16,200
Bubble is bursting. 
Yes, it seems like the world is 

978
00:53:16,200 --> 00:53:18,800
unraveling by the seams as we 
speak. 

979
00:53:18,900 --> 00:53:20,700
This next one is my lightning 
Ventures. 

980
00:53:21,200 --> 00:53:24,400
And I'm a fan of lightning and 
it's way better than zap, a 

981
00:53:24,400 --> 00:53:28,000
pallet read Mo, but this is the 
same boat just blows, you know, 

982
00:53:29,100 --> 00:53:32,000
butter and he's the lightning 
Network and this is where we are

983
00:53:32,008 --> 00:53:34,200
in the story. 
We're just looking back at 

984
00:53:34,200 --> 00:53:36,200
everyone else and we have the 
best tools. 

985
00:53:36,200 --> 00:53:40,000
So this next one is a 
continuation on all the things. 

986
00:53:40,000 --> 00:53:42,500
We tell you guys stay humble 
Stacks ads. 

987
00:53:43,300 --> 00:53:48,200
Very psychedelic Bitcoins 
dollars with Easter Island, 

988
00:53:48,200 --> 00:53:50,700
having laser eyes, so amazing. 
Amazing. 

989
00:53:50,900 --> 00:53:54,900
Next one, this one doesn't get 
me in trouble, but I think the 

990
00:53:54,900 --> 00:53:58,900
good message this from Roth miss
you guys Banks and sure we stay 

991
00:53:58,900 --> 00:54:02,400
in debt, big Pharma ensures, we 
stay sick weapons manufacturers 

992
00:54:02,400 --> 00:54:06,000
and sure we stay at will or 
Legacy Media ensures. 

993
00:54:06,000 --> 00:54:09,900
We stay ignorant, government 
sure's, it's all legal and 

994
00:54:09,900 --> 00:54:12,700
voting ensures. 
It will only vote. 

995
00:54:12,700 --> 00:54:16,900
That matters is opted Bitcoin 
with your money and your feet. 

996
00:54:17,000 --> 00:54:19,600
Bitcoin allows, both of those 
guys, we need to continue to 

997
00:54:19,600 --> 00:54:24,300
spread the signal And then this 
last one just to wrap it all up.

998
00:54:24,300 --> 00:54:27,500
This is my Norman remmaneh goes.
Apparently I'm in a Bitcoin cult

999
00:54:27,500 --> 00:54:30,100
so get in loser. 
The Bitcoin coal is better than 

1000
00:54:30,100 --> 00:54:32,200
the Fiat cult. 
Yes you guys. 

1001
00:54:32,200 --> 00:54:36,300
All you feel like Max he's out 
there are in a cult as well and 

1002
00:54:36,300 --> 00:54:38,200
the Bitcoin Cole is a lot 
better. 

1003
00:54:39,000 --> 00:54:42,100
You can't convince me. 
Otherwise anyways my mean review

1004
00:54:42,100 --> 00:54:46,700
score today is my my empty 
Kaboom racks coffee. 

1005
00:54:47,200 --> 00:54:49,300
It's only my second one. 
That's the score. 

1006
00:54:49,300 --> 00:54:53,400
I think I gave it yesterday but 
this is Second coffee today, not

1007
00:54:53,400 --> 00:54:56,200
second coffee in general such as
coffee today. 

1008
00:54:57,100 --> 00:55:02,000
But Kaboom X, Kaboom Rex. 
I'm gonna give it this mining 

1009
00:55:02,000 --> 00:55:07,700
conference VIP Scott. 
Do you have your medallion Scott

1010
00:55:07,700 --> 00:55:11,600
has every ribbon put on his all 
of the flare, all the flare. 

1011
00:55:12,000 --> 00:55:14,200
So I'm going to give it the VIP 
ribbon. 

1012
00:55:15,400 --> 00:55:21,700
And oh I give these memes one 
free drink to the Friday. 

1013
00:55:21,700 --> 00:55:25,800
Wrap party later tonight Scott 
has a money printer and when I 

1014
00:55:25,808 --> 00:55:29,200
mean that he has he has all the 
free drink tickets. 

1015
00:55:29,300 --> 00:55:33,800
He's like the Federal Reserve 
but of tickets to huh. 

1016
00:55:34,300 --> 00:55:35,500
That's my my God. 
Okay there we go. 

1017
00:55:35,800 --> 00:55:38,700
I heard that Scott's going to be
leading karaoke later tonight. 

1018
00:55:38,800 --> 00:55:40,900
Yep I heard that. 
Yeah. 

1019
00:55:40,900 --> 00:55:44,900
Or was that the more highly 
educated? 

1020
00:55:45,100 --> 00:55:49,100
Did Scott Oxford. 
Oh, God Oxford. 

1021
00:55:50,000 --> 00:55:54,900
I know that I feel, you know, 
kind of ashamed right now 

1022
00:55:54,900 --> 00:55:58,000
because the the score I'm going 
to give, I don't have it in 

1023
00:55:58,000 --> 00:56:02,100
hand, but there's these 
wonderful Scott offered stickers

1024
00:56:02,400 --> 00:56:04,000
floating around. 
I'm going to give it a Scott 

1025
00:56:04,000 --> 00:56:06,000
offered sticker. 
Those are some pretty good M on 

1026
00:56:06,000 --> 00:56:08,300
Scott offered sticker. 
I'm going to try to pull up. 

1027
00:56:08,300 --> 00:56:09,500
I don't know what you're talking
about. 

1028
00:56:09,500 --> 00:56:12,700
I think I have one in my 
backpack, over here, I can pull 

1029
00:56:12,700 --> 00:56:21,800
out the little one. 
I got it. 

1030
00:56:21,800 --> 00:56:23,100
I got it. 
I got it. 

1031
00:56:23,900 --> 00:56:26,400
I'm going to pull it up. 
I got you guys. 

1032
00:56:28,400 --> 00:56:31,000
That's not the one with me in 
the space suit though. 

1033
00:56:31,800 --> 00:56:36,800
Oh it's a new one. 
All right, opt he's taking too 

1034
00:56:36,800 --> 00:56:39,400
much time, Tom. 
Well, Opti finds it. 

1035
00:56:40,000 --> 00:56:46,300
Can't find it. 
Yeah, there it is. 

1036
00:56:46,400 --> 00:56:48,800
Okay. 
Wow. 

1037
00:56:49,900 --> 00:56:51,700
All right. 
I'll give it a secret. 

1038
00:56:51,700 --> 00:56:55,700
Kaboom rack her I found on my 
back after bowling last night 

1039
00:56:55,700 --> 00:56:58,500
after hanging out with this guy 
all night, but it on there for 

1040
00:56:58,500 --> 00:57:00,300
good luck. 
Yeah, he put stickers 

1041
00:57:00,300 --> 00:57:03,200
everywhere. 
Kaboom anyways, guys, we want to

1042
00:57:03,208 --> 00:57:07,300
know if you agree with our 
scores, you disagree, let us 

1043
00:57:07,300 --> 00:57:09,100
know down in the comment 
section. 

1044
00:57:09,100 --> 00:57:11,500
Of course, make sure to sit join
simply Bitcoins telegram group. 

1045
00:57:11,500 --> 00:57:13,300
That's where you get a link of 
Bitcoin memes review. 

1046
00:57:13,300 --> 00:57:19,000
You gotta go to www.ah.mil me / 
the simply Bitcoin Channel. 600 

1047
00:57:19,000 --> 00:57:21,500
people in there already. 
You could join the party is 

1048
00:57:21,500 --> 00:57:24,800
going to be awesome and check 
out Simply Bitcoin, unfiltered. 

1049
00:57:24,800 --> 00:57:27,200
It is the written version of 
this show. 

1050
00:57:27,200 --> 00:57:29,800
It's 
www.simpleandsensational.com 

1051
00:57:30,700 --> 00:57:33,300
news. 
Anyways, Opti think we're 

1052
00:57:33,300 --> 00:57:35,600
running out of time today. 
Let's wrap it up, brother. 

1053
00:57:35,800 --> 00:57:39,700
I want to give a shout-out to 
our clothing sponsor, guys. 

1054
00:57:40,500 --> 00:57:44,200
Check out represent LTD.com Opti
and I wear the merch every 

1055
00:57:44,200 --> 00:57:46,300
single day is decentralized. 
Merch shop T. 

1056
00:57:46,300 --> 00:57:48,800
Get up and show the back bro. 
This is the best Peaceful Bell. 

1057
00:57:48,800 --> 00:57:51,200
My God what? 
I am I'm a peace of mind over 

1058
00:57:51,200 --> 00:57:54,900
here model it, bro, model it. 
See that there's the angel, the 

1059
00:57:54,900 --> 00:57:58,300
Bitcoin Angel, only on 
representing t.com, you can take

1060
00:57:58,300 --> 00:58:02,200
advantage of the promo code down
below to get 10% off represent. 

1061
00:58:02,300 --> 00:58:04,700
LTD dies. 
We do have some meme scores in 

1062
00:58:04,700 --> 00:58:05,700
here. 
Nico, yeah, yeah. 

1063
00:58:05,700 --> 00:58:07,300
I'm gonna get to that. 
I'm gonna get to that when I get

1064
00:58:07,300 --> 00:58:08,800
to that. 
All right, let's see what 

1065
00:58:08,800 --> 00:58:10,800
everybody's saying. 
All right Opti. 

1066
00:58:10,800 --> 00:58:12,200
Pull them up and I will read 
them. 

1067
00:58:14,100 --> 00:58:18,200
Alright, alright, let's see, X 
demos, extend, most gives the 

1068
00:58:18,200 --> 00:58:20,800
memes a Pacific Bitcoin ticket, 
very nice. 

1069
00:58:20,800 --> 00:58:25,000
Very nice beaches you pins. 
I give the memes a piñata full 

1070
00:58:25,000 --> 00:58:28,800
of scorpions. 
I don't know if I can pull this 

1071
00:58:28,800 --> 00:58:31,800
one up on YouTube for Unique. 
Oh, that might get us in 

1072
00:58:31,800 --> 00:58:33,500
trouble. 
Not definitely, not that one. 

1073
00:58:34,100 --> 00:58:35,900
Mr. Robot rate. 
Those one dancing. 

1074
00:58:35,900 --> 00:58:37,700
Niko. 
When he pulls multiple strikes, 

1075
00:58:37,700 --> 00:58:39,900
that's right. 
I was getting excited. 

1076
00:58:40,000 --> 00:58:43,600
Bowling those strikes. 
And his next one is I give those

1077
00:58:43,600 --> 00:58:45,900
memes, simply Bitcoin panel, 
high-five. 

1078
00:58:45,900 --> 00:58:47,100
Let's go guys. 
Do it. 

1079
00:58:47,100 --> 00:58:51,500
Thanks to you genus, the genus 
we will Scott, you're leaving me

1080
00:58:51,500 --> 00:58:54,400
hanging his hat. 
Oh yeah. 

1081
00:58:54,500 --> 00:59:01,000
And Okay and also we're going to
Diaw Janice is new. 

1082
00:59:01,000 --> 00:59:02,800
Intro is going to be introduced 
on Mondays. 

1083
00:59:02,800 --> 00:59:05,300
I'm really excited for that. 
I give them my tequila 

1084
00:59:05,300 --> 00:59:07,000
scintilla. 
Tequila cool. 

1085
00:59:07,000 --> 00:59:08,700
Desu. 
NE we don't approve of that. 

1086
00:59:08,700 --> 00:59:13,100
That might ruin the minor Clash,
Five Guys. 

1087
00:59:13,100 --> 00:59:17,900
Hi Five the astrology matches up
all right planet Earth. 

1088
00:59:17,900 --> 00:59:23,200
Give those memes some Friday 
night bubs bubs and last but not

1089
00:59:23,200 --> 00:59:25,000
least, that's it. 
All right, we're balanced. 

1090
00:59:25,000 --> 00:59:26,700
That's the one. 
Anwar. 

1091
00:59:26,700 --> 00:59:31,000
There is one more alright hottel
coins as they give those memes 

1092
00:59:31,000 --> 00:59:34,000
weapons of mass destruction 
sponsored by the FED very, very 

1093
00:59:34,000 --> 00:59:36,000
powerful. 
Alright guys, that was our show.

1094
00:59:36,000 --> 00:59:40,600
That was the simply Bitcoin 
Friday, special live from the 

1095
00:59:40,600 --> 00:59:43,700
mining conference. 
We're going to continue the show

1096
00:59:43,900 --> 00:59:47,500
exclusively on Twitter spaces. 
I'm going to make laps around 

1097
00:59:47,500 --> 00:59:50,200
the conference while Opti hodza 
huddle. 

1098
00:59:50,200 --> 00:59:52,700
Is it down. 
Holds it down a little, little 

1099
00:59:52,700 --> 00:59:55,700
slip there bottle. 
Is it down, and I'm going to try

1100
00:59:55,700 --> 00:59:57,400
to get people. 
So from bit main from what's 

1101
00:59:57,400 --> 01:00:01,200
minor from Luxor and we're going
to get their thoughts opinions 

1102
01:00:01,200 --> 01:00:04,400
and it should be a lot of fun. 
So definitely if you're watching

1103
01:00:04,400 --> 01:00:07,800
the live stream, go on Twitter 
tune into the simply Bitcoin 

1104
01:00:07,800 --> 01:00:10,400
space is that were co-hosting 
with Swan Bitcoin. 

1105
01:00:10,400 --> 01:00:11,700
Check it out. 
You're not gonna want to miss 

1106
01:00:11,700 --> 01:00:12,600
it. 
All right. 

1107
01:00:12,600 --> 01:00:14,500
Love you all. 
Don't forget to like subscribe. 

1108
01:00:14,500 --> 01:00:17,000
Share the video, that's what 
YouTube likes the most and we 

1109
01:00:17,000 --> 01:00:18,700
will see you on Monday. 
We're taking Saturday off 

1110
01:00:18,700 --> 01:00:21,100
because Niko's about to 
spontaneously exploded 

1111
01:00:21,100 --> 01:00:23,000
traveling. 
And we'll see you on Monday for 

1112
01:00:23,000 --> 01:00:24,700
a brand new episode of Simply 
Bitcoin.