1 00:00:00,560 --> 00:00:04,320 Yo, the Bitcoin billionaire just spoke to the board of the third 2 00:00:04,320 --> 00:00:08,920 largest company in the world urging them to adopt Bitcoin. 3 00:00:09,200 --> 00:00:13,800 He showed Microsoft 44 slides in 3 minutes and you have to stick 4 00:00:13,800 --> 00:00:17,120 around to the watch the whole video because there are a couple 5 00:00:17,120 --> 00:00:20,920 of Nuggets condensed in this video that exposes why this 6 00:00:20,960 --> 00:00:24,680 upcoming Bitcoin cycle that could potentially be happening 7 00:00:24,680 --> 00:00:28,120 in 2025 could be different. So let's check out the video. 8 00:00:28,120 --> 00:00:32,520 Here we go. Microsoft can't afford to miss 9 00:00:32,520 --> 00:00:36,160 the next technology wave, and Bitcoin is that wave. 10 00:00:36,920 --> 00:00:40,080 Bitcoin represents the greatest digital transformation of the 11 00:00:40,080 --> 00:00:43,560 21st century. That represents digital capital. 12 00:00:44,360 --> 00:00:48,000 The global wealth is distributed across assets that provide 13 00:00:48,000 --> 00:00:51,000 utility and others that preserve capital. 14 00:00:52,200 --> 00:00:56,320 But risk is destroying trillions of dollars of that capital every 15 00:00:56,320 --> 00:00:59,960 single year, and investors are turning to digital capital in 16 00:00:59,960 --> 00:01:02,760 the form of Bitcoin in order to avoid that risk. 17 00:01:03,800 --> 00:01:07,000 Digital capital is economically and technically superior to 18 00:01:07,000 --> 00:01:10,600 physical capital, and it represents a revolutionary 19 00:01:10,600 --> 00:01:15,520 advance in capital preservation. The asset class itself is 20 00:01:15,520 --> 00:01:17,880 growing from trillions to hundreds of trillions of 21 00:01:17,880 --> 00:01:23,080 dollars, and it is backed by digital power along with 22 00:01:23,080 --> 00:01:27,600 political and economic power. It makes sense for Microsoft to 23 00:01:27,600 --> 00:01:32,960 be powered by digital capital, Bitcoins, the best asset you can 24 00:01:32,960 --> 00:01:35,480 own. The numbers speak for 25 00:01:35,480 --> 00:01:38,920 themselves. It makes a lot more sense to buy 26 00:01:38,920 --> 00:01:42,520 Bitcoin than to buy your own stock back or to hold Bitcoin 27 00:01:42,520 --> 00:01:46,720 rather than holding bonds. If you're going to outperform, 28 00:01:46,720 --> 00:01:50,520 you're going to need Bitcoin, and those bonds are undermining 29 00:01:50,520 --> 00:01:53,320 your options market and your equity liquidity. 30 00:01:54,200 --> 00:01:56,320 Luckily, you have an alternative. 31 00:01:57,760 --> 00:02:01,520 Public support for Bitcoin is surging, as is political 32 00:02:01,520 --> 00:02:07,440 support, as is support for the US Bitcoin Strategic reserve, as 33 00:02:07,440 --> 00:02:11,240 is Wall Street support. And the president of the United 34 00:02:11,240 --> 00:02:14,600 States says. Never sell your Bitcoin. 35 00:02:16,840 --> 00:02:20,240 That's why we're entering year one of the crypto renaissance, 36 00:02:20,800 --> 00:02:25,600 and you have a choice to make. Cling to the past or embrace the 37 00:02:25,600 --> 00:02:29,360 future. Divest billions of dollars and 38 00:02:29,360 --> 00:02:33,240 slow your growth rate. Invest billions of dollars and 39 00:02:33,240 --> 00:02:37,040 accelerate your growth rate. You've surrendered hundreds of 40 00:02:37,040 --> 00:02:40,640 billions of dollars of capital over the past five years, and 41 00:02:40,640 --> 00:02:44,200 you've just amplified the risks that your own shareholders face. 42 00:02:44,760 --> 00:02:47,440 If you want to escape that vicious cycle, you're going to 43 00:02:47,440 --> 00:02:50,320 need an asset without counterparty risk. 44 00:02:51,640 --> 00:02:53,240 What if you could buy $100 billion? 45 00:02:53,240 --> 00:02:56,640 Company growing faster than Microsoft for one times revenue? 46 00:02:57,760 --> 00:03:00,120 What if you keep doing it every single year? 47 00:03:01,440 --> 00:03:05,240 It's time for Microsoft to evaluate its Bitcoin strategic 48 00:03:05,280 --> 00:03:08,720 options. We've created an open source 49 00:03:08,720 --> 00:03:10,680 model. You can plug in your own 50 00:03:10,680 --> 00:03:15,680 assumptions. You can convert your cash flows 51 00:03:16,200 --> 00:03:21,120 and your dividends and your buy backs and your debt into 52 00:03:21,120 --> 00:03:24,440 Bitcoin. If you do that, you'll add 53 00:03:24,440 --> 00:03:28,840 hundreds of dollars to the stock price, you can create trillions 54 00:03:28,840 --> 00:03:34,760 of dollars of enterprise value. You can strip away risk from 55 00:03:34,760 --> 00:03:40,640 your shareholders, and you can prosper on the Bitcoin standard. 56 00:03:41,920 --> 00:03:46,840 So do the right thing for the world and adopt Bitcoin. 57 00:03:48,960 --> 00:03:52,600 All right, everybody, we there, we had the Chad Taylor himself 58 00:03:53,200 --> 00:03:57,240 pitching to the Microsoft board and because you only have 3 59 00:03:57,240 --> 00:04:02,800 minutes, you know, very concise, packed a lot of information in 60 00:04:02,800 --> 00:04:07,920 there and basically saying to the Microsoft board, if you guys 61 00:04:07,920 --> 00:04:10,240 don't buy Bitcoin, you're going to have fun staying poor. 62 00:04:10,440 --> 00:04:12,680 I mean, that's the way that I interpreted it. 63 00:04:13,240 --> 00:04:17,000 I think he did an excellent job with the time constraints that 64 00:04:17,000 --> 00:04:21,839 he has and I think the the biggest like really convince her 65 00:04:22,120 --> 00:04:25,680 is going to be number go up. I think as micro strategy 66 00:04:25,680 --> 00:04:30,200 continues to outperform, as the stock continues to go parabolic, 67 00:04:31,240 --> 00:04:34,600 you know, I think a public companies are not going to have 68 00:04:35,720 --> 00:04:40,360 a choice but to but to at least take a look at Bitcoin. 69 00:04:40,520 --> 00:04:43,640 And that doesn't necessarily mean that they have to go as 70 00:04:43,640 --> 00:04:48,440 balls deep as Michael Saylor. But again, you know, I think 71 00:04:48,440 --> 00:04:52,240 Saylor said in the very beginning, if you have a, if you 72 00:04:52,240 --> 00:04:56,440 have a percentage of your treasury in cash or cash 73 00:04:56,440 --> 00:05:00,880 equivalents, that is that is losing purchasing power every 74 00:05:00,880 --> 00:05:03,480 single year. If you transfer even a 75 00:05:03,480 --> 00:05:07,960 percentage of that into Bitcoin, not only will it compensate for 76 00:05:07,960 --> 00:05:11,240 the loss of purchasing power that those, you know, that cash 77 00:05:11,240 --> 00:05:14,520 or those cash equivalents are dealing with on a on a yearly 78 00:05:14,520 --> 00:05:18,240 basis, but you can actually have potentially some gains, right? 79 00:05:18,560 --> 00:05:20,920 And I think that's the argument that Michael Saylor is trying to 80 00:05:20,920 --> 00:05:23,840 make. And I think he's putting his, 81 00:05:24,200 --> 00:05:28,480 his money, whether money where his mouth is, because he just 82 00:05:28,480 --> 00:05:32,960 announced this morning that MicroStrategy just bought 15,000 83 00:05:32,960 --> 00:05:36,680 more Bitcoin. The current MicroStrategy stack 84 00:05:36,680 --> 00:05:42,440 sits at 400,000 Bitcoin, which is insane. 85 00:05:42,720 --> 00:05:47,640 And Marathon Mara, I think they renamed to Mara just announced 86 00:05:47,640 --> 00:05:49,920 that they're following the MicroStrategy playbook. 87 00:05:50,280 --> 00:05:55,760 And they just announced that they are raising, they're doing 88 00:05:55,760 --> 00:05:58,760 the whole convertible note thing and they're raising roughly 89 00:05:58,760 --> 00:06:05,840 $805,000,000 to acquire more Bitcoin using the MicroStrategy 90 00:06:05,840 --> 00:06:11,160 Sailor playbook. So absolutely crazy and but not 91 00:06:11,160 --> 00:06:13,120 surprising. Anyways, guys welcome Simply 92 00:06:13,120 --> 00:06:16,120 Bitcoin Live, the most watched daily Bitcoin live show on 93 00:06:16,120 --> 00:06:18,200 YouTube, Rumble and X. I'm your host Nico. 94 00:06:18,400 --> 00:06:22,760 I'm joined here by my Co host Optimus Fields and the CEO and 95 00:06:22,760 --> 00:06:26,920 founder of Start 9. I dropped a poll in the live 96 00:06:26,920 --> 00:06:30,640 chat today asking you guys how many of you guys are running a 97 00:06:30,640 --> 00:06:33,280 node? And those numbers are not good. 98 00:06:33,280 --> 00:06:35,560 We got to get those numbers up. So we're going to be talking 99 00:06:35,560 --> 00:06:38,040 about the start 9. We're going to be talking about 100 00:06:38,040 --> 00:06:40,160 Bitcoin nodes during the culture segment. 101 00:06:40,480 --> 00:06:45,240 But first, Opti, what are your thoughts on the Chad Sailor's 102 00:06:45,240 --> 00:06:49,160 pitch to Microsoft? Well, first of all, I found it 103 00:06:49,160 --> 00:06:52,760 hilarious just how many slides he smashed into that 3 minutes. 104 00:06:52,760 --> 00:06:56,080 It like it almost went by too fast where you can't really even 105 00:06:56,080 --> 00:06:59,560 decipher and breakdown every every slide in that 106 00:06:59,560 --> 00:07:01,360 presentation. But you love to see it. 107 00:07:01,360 --> 00:07:05,120 And I really think that that might be a good kind of message 108 00:07:05,120 --> 00:07:07,440 to send to your friends and family or people that look at 109 00:07:07,440 --> 00:07:10,080 you and think that you are, you know, there's special relative 110 00:07:10,080 --> 00:07:12,320 there that doesn't know what's going on in the world and you 111 00:07:12,320 --> 00:07:14,720 kind of send them this. And I think the main point there 112 00:07:14,720 --> 00:07:17,160 is kind of what Sailor said, like the numbers don't lie. 113 00:07:17,480 --> 00:07:19,320 We've been saying get constantly on the show. 114 00:07:19,320 --> 00:07:21,000 Bitcoin is the best performing asset. 115 00:07:21,000 --> 00:07:23,600 You know, Bitcoin is the best thing to be holding. 116 00:07:23,920 --> 00:07:26,600 And once you really see all the numbers jam packed against each 117 00:07:26,600 --> 00:07:29,080 other, it, it kind of becomes a no brainer. 118 00:07:29,080 --> 00:07:33,000 Obviously, it the message doesn't kind of get relayed as 119 00:07:33,000 --> 00:07:37,200 easily or as well from just like the stance of like, oh, my 120 00:07:37,200 --> 00:07:40,360 cousin, you know, my nephew or my brother's telling me to buy 121 00:07:40,360 --> 00:07:43,320 Bitcoin. I'm sure none of us have a 122 00:07:43,840 --> 00:07:47,280 compact 3 minute Bitcoin TLDR like Sailor does. 123 00:07:47,280 --> 00:07:50,200 So it is interesting that he dropped that video. 124 00:07:50,200 --> 00:07:52,880 I, I wonder if it's going to make some rounds and more people 125 00:07:52,880 --> 00:07:55,560 are going to follow suit and who's actually listening and 126 00:07:55,560 --> 00:07:58,320 watching that video and what the fallout will be. 127 00:07:58,320 --> 00:08:01,240 Or rather, you know that the tailwinds will be of that, but 128 00:08:01,240 --> 00:08:03,800 you just love to see it. And I mean, I, I think the point 129 00:08:03,800 --> 00:08:05,480 remains the same. It's like if you aren't 130 00:08:05,480 --> 00:08:07,960 investing in Bitcoin at this point, are you really watching 131 00:08:07,960 --> 00:08:09,440 closely? Are you really seeing what's 132 00:08:09,440 --> 00:08:12,160 happening in the world? And everyone needs to have some 133 00:08:12,160 --> 00:08:15,720 Bitcoin, personal Bitcoin, coin, corporate treasury Bitcoin, 134 00:08:15,920 --> 00:08:18,600 etcetera, or else you are being left in the dust. 135 00:08:18,600 --> 00:08:20,600 As you said, you know, you can have fun staying poor. 136 00:08:20,840 --> 00:08:23,240 It's kind of hard to tell Microsoft to have fun staying 137 00:08:23,240 --> 00:08:25,480 poor when they're, you know what, I think the third biggest 138 00:08:25,480 --> 00:08:28,120 company in the world. So maybe they think they know 139 00:08:28,120 --> 00:08:31,640 better than a lot of Bitcoiners. But it is kind of trending 140 00:08:31,640 --> 00:08:35,039 towards our direction where it's becoming a mature asset. 141 00:08:35,039 --> 00:08:38,159 You know, it's becoming very clearly the best money to be 142 00:08:38,159 --> 00:08:40,080 holding. And now the signal is getting 143 00:08:40,080 --> 00:08:41,799 out there. And so it's no longer just, you 144 00:08:41,799 --> 00:08:44,280 know, a bunch of Bitcoiners peer-to-peer talk talking about 145 00:08:44,280 --> 00:08:47,680 it on Bitcoin Twitter, it's getting set to, you know, the 146 00:08:47,680 --> 00:08:51,640 highest levels of corporate, CE, OS, etcetera, executive suites. 147 00:08:51,640 --> 00:08:55,880 And now they have to very, very honestly think about Bitcoin. 148 00:08:56,080 --> 00:08:58,440 So you love to see it. And also, you know, I think I 149 00:08:58,440 --> 00:09:01,880 think Sailor kind of slowed down his, his speech there a little 150 00:09:01,880 --> 00:09:04,040 bit because usually he's more amped up than I am. 151 00:09:04,040 --> 00:09:06,560 So it is interesting to just hear him kind of say it slowly 152 00:09:06,560 --> 00:09:08,840 but surely. But I really like the punchline. 153 00:09:08,840 --> 00:09:10,880 You know, if you want to help the world, you need to save in 154 00:09:10,880 --> 00:09:13,920 Bitcoin. Does Microsoft really care about 155 00:09:13,920 --> 00:09:15,400 that? I don't know, but I love the 156 00:09:15,400 --> 00:09:18,560 messaging. Absolutely guys, help us break 157 00:09:18,560 --> 00:09:21,440 100 likes within the 1st 15 minutes of the show. 158 00:09:21,440 --> 00:09:26,240 We're at 86 live, 86 likes or 87 likes and almost 500 live 159 00:09:26,240 --> 00:09:29,200 viewers just on YouTube. So smash the like button. 160 00:09:29,480 --> 00:09:32,320 Consider subscribing if you feel like we provided you value. 161 00:09:32,320 --> 00:09:36,680 We're also joined today with a dear friend and also founder and 162 00:09:36,680 --> 00:09:41,200 CEO of Start Nine. Start 9 is the GOAT of sovereign 163 00:09:41,200 --> 00:09:43,640 computing. It's the node that I personally 164 00:09:43,640 --> 00:09:46,840 use myself because it is so bad ass. 165 00:09:46,840 --> 00:09:49,600 It is so seamless. I'm a convenience maxi guys, 166 00:09:49,600 --> 00:09:53,120 I'll be honest with you. And the two devices that they 167 00:09:53,120 --> 00:09:57,680 make, the server pure and server one are just plug and plays. 168 00:09:57,840 --> 00:10:01,360 You don't sacrifice any of the security, but you can just plug 169 00:10:01,360 --> 00:10:04,080 it in and bada boom, bada Bing. You have access to sovereign 170 00:10:04,080 --> 00:10:06,240 computing. So Matt, thank you so much for 171 00:10:06,240 --> 00:10:07,640 joining us today. How you doing bro? 172 00:10:08,080 --> 00:10:11,200 Doing great, happy to be on again, thanks for having me. 173 00:10:11,880 --> 00:10:16,000 So what are your thoughts on Chad Sailor potentially? 174 00:10:16,000 --> 00:10:19,600 Well, he was really forcing the hand of the third largest 175 00:10:19,600 --> 00:10:24,000 computing software company computing company in the world. 176 00:10:24,000 --> 00:10:26,640 What are your thoughts on his three minute pitch? 177 00:10:28,320 --> 00:10:34,320 It was fine, I guess. It was very, very droll, right? 178 00:10:34,320 --> 00:10:39,280 Like Opti was saying that his tone was just like, like he was 179 00:10:39,280 --> 00:10:43,080 bored out of his mind giving that, giving that little speech 180 00:10:43,800 --> 00:10:46,160 and flying through the slides at a pace that nobody could 181 00:10:46,160 --> 00:10:50,160 possibly digest them in time. So, yeah, so it was a little bit 182 00:10:50,200 --> 00:10:56,120 odd, maybe an awkward kind of a presentation, but sure. 183 00:10:56,320 --> 00:10:59,160 I mean, it's sort of an inevitable trend. 184 00:10:59,160 --> 00:11:03,360 If Bitcoin was ever going to be what Bitcoin is meant to become, 185 00:11:03,360 --> 00:11:07,840 then it's inevitable that corporations and governments 186 00:11:07,840 --> 00:11:11,840 will want some. And so you know, he's out there 187 00:11:12,080 --> 00:11:16,600 pushing and evangelizing. It's definitely not what I or 188 00:11:16,880 --> 00:11:20,680 start 9 focuses on. We're sort of on a different 189 00:11:21,960 --> 00:11:24,920 perspective and angle of Bitcoin, but I'm not 190 00:11:24,920 --> 00:11:29,640 complaining. Unlike most companies and I 191 00:11:29,640 --> 00:11:32,640 would argue even MicroStrategy, I'm not really sure how they 192 00:11:32,640 --> 00:11:36,400 handle their their assets given that Bitcoin is offset by 193 00:11:36,400 --> 00:11:38,440 liabilities and all the rest. I don't know the details of it, 194 00:11:38,440 --> 00:11:43,680 but Start 9 only holds Bitcoin as a company. 195 00:11:43,680 --> 00:11:47,160 We we don't have like some exposure to Bitcoin or 196 00:11:47,160 --> 00:11:51,520 allocation to Bitcoin. We only do Bitcoin and we sell 197 00:11:51,520 --> 00:11:54,200 just enough of it to pay our next month's bills every month. 198 00:11:54,440 --> 00:11:57,800 So we are 100% on a Bitcoin standard. 199 00:11:57,800 --> 00:12:01,560 So for us, this is like very standard operating procedure. 200 00:12:02,120 --> 00:12:03,840 Some people think we're being very risky with that. 201 00:12:03,840 --> 00:12:08,560 And I'm like, come on, you know, maybe maybe if I feel like we're 202 00:12:08,560 --> 00:12:11,840 like super high in, in a, in a cycle or something, I'll, I'll 203 00:12:11,840 --> 00:12:15,080 sell a little more just to ensure a few more months of 204 00:12:15,080 --> 00:12:17,240 operation. But we we think Bitcoin is the 205 00:12:17,240 --> 00:12:19,080 thing to have and we have for a long time. 206 00:12:19,600 --> 00:12:23,720 Absolutely 100% if you and I highly recommend this guy's 207 00:12:25,320 --> 00:12:30,440 having Bitcoin on your treasury as a company is a freaking cheat 208 00:12:30,440 --> 00:12:33,160 code. If you know, you know. 209 00:12:33,440 --> 00:12:38,560 But what I interpreted what I got from that Matt is that you 210 00:12:39,200 --> 00:12:42,440 are not holding IO U's from Brian Armstrong and Coinbase. 211 00:12:43,280 --> 00:12:46,840 No, no thanks. We hold it securely in a multi 212 00:12:46,840 --> 00:12:50,200 signature distributed fashion as as good bitcoiners should. 213 00:12:51,240 --> 00:12:53,800 That's why I'm not sitting here overly concerned about, you 214 00:12:53,800 --> 00:12:55,960 know, saying that Start 9 holds Bitcoin. 215 00:12:56,280 --> 00:12:58,960 I do not have personal access to our treasury and stuff like 216 00:12:58,960 --> 00:13:00,960 that. It's very well secured and not 217 00:13:00,960 --> 00:13:03,280 by a third party. We do it ourselves and part of 218 00:13:03,280 --> 00:13:05,120 that is because we know what we're doing. 219 00:13:05,120 --> 00:13:08,080 We have that confidence and technical acumen to do it. 220 00:13:08,080 --> 00:13:10,520 Well. We're also not a regulated 221 00:13:10,520 --> 00:13:15,080 financial institution that is required to custody your digital 222 00:13:15,080 --> 00:13:18,320 assets with a with a qualified custodian and 3rd party. 223 00:13:18,320 --> 00:13:21,200 So we're able to do that effectively and legally. 224 00:13:22,680 --> 00:13:28,360 But yeah, I mean, it, it doesn't make sense to to sit on dollars 225 00:13:28,360 --> 00:13:30,360 in our world. You know, at start 9, we've made 226 00:13:30,360 --> 00:13:32,680 the determination like we're not a Bitcoin company. 227 00:13:32,840 --> 00:13:38,120 Start 9 is not like properly a Bitcoin company. 228 00:13:38,120 --> 00:13:44,160 We are a computer company that has a large philosophic and 229 00:13:44,680 --> 00:13:46,960 technical overlap with Bitcoin, right? 230 00:13:46,960 --> 00:13:53,160 The products that we make enable people to run Bitcoin nodes, run 231 00:13:53,160 --> 00:13:56,200 lightning nodes, and to do so in a maximally sovereign way. 232 00:13:56,800 --> 00:13:59,360 So we're not, even though we're not properly a Bitcoin company, 233 00:13:59,800 --> 00:14:06,200 we have as a team acknowledged that our company wouldn't exist 234 00:14:06,320 --> 00:14:09,760 if Bitcoin were to fail, at least at this point in time. 235 00:14:09,760 --> 00:14:13,640 There could be a point in the future where we are broad and 236 00:14:13,640 --> 00:14:17,080 diversified enough as a technology and computer company 237 00:14:17,320 --> 00:14:21,800 that Bitcoins failure might not result in our failure. 238 00:14:22,080 --> 00:14:26,640 But if we're being honest right now, you know, 90 plus percent 239 00:14:26,720 --> 00:14:33,200 of our customers, our customers because of Bitcoin and because 240 00:14:33,200 --> 00:14:37,080 of bitcoins continued success. And so that's another reason why 241 00:14:37,080 --> 00:14:42,000 we have no qualms withholding all of our balance sheet in 242 00:14:42,000 --> 00:14:47,960 Bitcoin is because if we didn't say like we held it in Fiat and 243 00:14:47,960 --> 00:14:51,160 Bitcoin failed, Bitcoin goes to 0, we're still going to die, 244 00:14:51,280 --> 00:14:54,120 right? It's like, so why not put our 245 00:14:54,120 --> 00:14:55,560 money where our company is, right? 246 00:14:55,560 --> 00:14:58,280 Our company is invested in Bitcoin ideologically, 247 00:14:58,520 --> 00:15:01,080 technically, practically. So why not put our money there 248 00:15:01,080 --> 00:15:02,640 too? It, it makes perfect sense for 249 00:15:02,640 --> 00:15:04,360 us. It does not make sense for every 250 00:15:04,360 --> 00:15:08,440 company to be as as as fully invested as we are. 251 00:15:08,840 --> 00:15:11,040 Yeah, makes no, makes perfect sense. 252 00:15:11,680 --> 00:15:16,000 And yeah, I mean, I would, I mean I, I I don't think if if, 253 00:15:16,040 --> 00:15:19,400 if I don't think there is another way to do it. 254 00:15:20,120 --> 00:15:23,720 But having, you know, I don't know if, I don't know if we 255 00:15:23,720 --> 00:15:28,080 personally could do 100%, but you know, the, the vast 256 00:15:28,080 --> 00:15:31,400 majority, I think that's of your treasury and Bitcoin. 257 00:15:31,400 --> 00:15:33,760 I, I think it's a cheat code. It really is. 258 00:15:34,440 --> 00:15:39,000 Has been for the last year. Like your, your runway just 259 00:15:39,000 --> 00:15:41,200 keeps getting longer. It's it's phenomenal. 260 00:15:41,480 --> 00:15:43,480 Tripled and we didn't have to raise money to do it. 261 00:15:43,560 --> 00:15:46,880 Yeah, you know, so you know, and then you can make payroll and 262 00:15:46,880 --> 00:15:48,800 then your treasury is exactly where it was. 263 00:15:49,520 --> 00:15:53,440 Well, and over over half of the people that get paid by start 9 264 00:15:53,440 --> 00:15:56,000 get paid in Bitcoin. Well, I don't even have to 265 00:15:56,000 --> 00:15:58,840 convert to Fiat for most of our payroll. 266 00:15:59,080 --> 00:16:00,760 Yeah. It it, it really is a cheat 267 00:16:00,760 --> 00:16:03,480 code. So let's see guys, we'll stay on 268 00:16:03,480 --> 00:16:06,360 top of it. We'll see if Microsoft bites. 269 00:16:07,920 --> 00:16:10,280 I there's definitely a polymarket. 270 00:16:10,280 --> 00:16:13,880 I haven't checked the polymarket odds for that, but I think it's 271 00:16:13,880 --> 00:16:15,520 just a matter of incentives, right? 272 00:16:15,520 --> 00:16:18,720 I think, you know, all these public companies, they're 273 00:16:18,720 --> 00:16:22,080 beholden to their shareholders. Eventually their shareholders 274 00:16:22,080 --> 00:16:26,560 are going to say WTF and they're going to ask, they're going to 275 00:16:26,560 --> 00:16:29,480 start asking questions. And eventually, you know, 276 00:16:29,600 --> 00:16:34,120 especially with all the public support on the on the government 277 00:16:34,120 --> 00:16:38,120 level, especially with the with the election of this pro kind of 278 00:16:38,120 --> 00:16:43,520 a Bitcoin administration, and then also the public support by 279 00:16:43,840 --> 00:16:46,120 legacy financial institutions like BlackRock. 280 00:16:46,120 --> 00:16:48,360 So we shall see. We'll stay tuned. 281 00:16:48,360 --> 00:16:51,600 But you know, shout out to Sailor, shout out to Sailor, and 282 00:16:51,600 --> 00:16:55,960 then shout out to Matt for you know, going 100% Bitcoin 283 00:16:55,960 --> 00:16:58,360 treasury. Anyways guys, before we start 284 00:16:58,360 --> 00:17:00,640 the show, I do want a very special shout out to simply 285 00:17:00,640 --> 00:17:03,720 Bitcoins lead sponsor. Of course I'm talking about 286 00:17:03,720 --> 00:17:04,720 Bitcoin. 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All right, so I do want to cover 361 00:21:38,440 --> 00:21:46,080 a topic that is maybe a little bit spicy, but I, I, I think 362 00:21:46,080 --> 00:21:50,320 that, you know, I really do agree with the theory from the 363 00:21:50,320 --> 00:21:53,240 book The Sovereign individual, the book the, the book the 364 00:21:53,240 --> 00:21:55,080 Sovereign Individual, I highly recommend it. 365 00:21:55,440 --> 00:21:59,000 It essentially makes the case that human society is going to 366 00:21:59,000 --> 00:22:03,560 fundamentally change as we transition into the information 367 00:22:03,560 --> 00:22:06,320 age. And one of the cases that they 368 00:22:06,320 --> 00:22:12,680 make in this book is that the politics of today that we see 369 00:22:13,120 --> 00:22:18,280 and how much importance that they have in everyday life over 370 00:22:18,280 --> 00:22:21,360 time will start to become irrelevant. 371 00:22:22,000 --> 00:22:28,120 And actually asked ChatGPT to write me 3 sentences as to why 372 00:22:28,560 --> 00:22:32,680 that was going to be the case over a period of time, So it 373 00:22:32,680 --> 00:22:35,240 says, politics will become increasingly irrelevant as 374 00:22:35,240 --> 00:22:39,520 individuals gain the ability to operate in a borderless digital 375 00:22:39,520 --> 00:22:43,240 economy free from the coercive power of nation states. 376 00:22:43,760 --> 00:22:47,200 The rise of decentralized technologies, particularly those 377 00:22:47,200 --> 00:22:51,760 enabling secure transactions and self sovereignty will reduce the 378 00:22:51,760 --> 00:22:56,400 dependence on centralized governments to mediate economic 379 00:22:56,640 --> 00:23:00,840 and social relationships. In this new paradigm, the power 380 00:23:00,840 --> 00:23:05,080 of the individual will outpace the state's ability to enforce 381 00:23:05,080 --> 00:23:10,040 control, making traditional political systems obsolete. 382 00:23:10,560 --> 00:23:15,960 And I'm so glad we have Matt Hill of Start 9 because I heard 383 00:23:15,960 --> 00:23:17,640 a lot of sovereign talk in there. 384 00:23:17,720 --> 00:23:20,960 And I, I do like sovereign computing anyway. 385 00:23:20,960 --> 00:23:23,880 So why, why am I reading this? Well, yesterday I got a little 386 00:23:23,880 --> 00:23:26,760 bit upset. And the reason for that is, 387 00:23:27,760 --> 00:23:32,240 again, the hypocrisy from, I think, this archaic system of 388 00:23:32,240 --> 00:23:34,720 politics. And I do want to talk about 389 00:23:34,720 --> 00:23:37,880 this, right. So of course, here is the 390 00:23:37,880 --> 00:23:40,360 current president. He says no one is above the law. 391 00:23:40,880 --> 00:23:46,000 And here is his press secretary. I'm sorry, I don't know how to 392 00:23:46,000 --> 00:23:50,200 pronounce her name. And she she says some things as 393 00:23:50,200 --> 00:23:52,760 well. The president would not pardon 394 00:23:52,760 --> 00:23:55,040 or commute senses for his son Hunter. 395 00:23:55,600 --> 00:23:57,520 I just want to make sure that that is not going to change over 396 00:23:57,560 --> 00:24:00,080 the next six months. The president's saying it's 397 00:24:00,120 --> 00:24:01,920 still, it's still a no, it's still a no. 398 00:24:01,920 --> 00:24:03,920 It will always be a no. It's still a no. 399 00:24:03,960 --> 00:24:06,000 It will be a no. It is a no. 400 00:24:06,240 --> 00:24:07,720 And I don't have anything else to add. 401 00:24:08,040 --> 00:24:11,360 Will he pardon his son? No, the president would not 402 00:24:11,840 --> 00:24:18,040 pardon or commute. You heard it, you heard it, you 403 00:24:18,040 --> 00:24:22,200 know it was loud and clear. It was, you know, nothing. 404 00:24:22,240 --> 00:24:24,800 Not like no one is above the law. 405 00:24:26,160 --> 00:24:30,000 I'm not going to pardon my son. It's going to be impossible. 406 00:24:30,240 --> 00:24:32,000 You know, I can. I can never do that. 407 00:24:32,000 --> 00:24:36,600 Inflation is transitory. And then bada Bing, bada boom, 408 00:24:36,920 --> 00:24:41,600 President Biden pardons his son, Hunter Biden. 409 00:24:42,120 --> 00:24:47,440 OK, moving on to the next thing. And there's some also legacy 410 00:24:47,440 --> 00:24:49,400 media journalists of which we love. 411 00:24:49,400 --> 00:24:52,640 You guys know we're huge fans of The Washington Journal and The 412 00:24:52,640 --> 00:24:55,000 New York Times here at Simply Bitcoin. 413 00:24:55,680 --> 00:24:59,680 Here is John Harwood. People who insist Biden will 414 00:24:59,680 --> 00:25:03,480 pardon Hunter after specifically ruling it out are telling on 415 00:25:03,480 --> 00:25:06,000 themselves. They can't imagine someone 416 00:25:06,000 --> 00:25:09,080 acting on principle and keeping his word. 417 00:25:10,040 --> 00:25:13,920 He even got community noted, which I find absolutely 418 00:25:14,120 --> 00:25:18,760 hilarious. Now, of course, you know, no one 419 00:25:18,760 --> 00:25:20,720 is above the law except Hunter Biden. 420 00:25:20,960 --> 00:25:24,560 In all seriousness, I, I, this is what I got to say and this is 421 00:25:24,560 --> 00:25:27,240 what the book the sovereign individual is making the, the 422 00:25:27,240 --> 00:25:30,840 case of is that this is an archaic system. 423 00:25:31,400 --> 00:25:34,920 It it's kind of like it's kind of like central banking, Like we 424 00:25:34,920 --> 00:25:39,400 put we put so much trust on, you know, the central bank not to 425 00:25:39,400 --> 00:25:43,320 debase the currency, but they debase the currency, right. 426 00:25:43,320 --> 00:25:47,760 We put so much trust on, you know, these, these, these, these 427 00:25:47,760 --> 00:25:53,120 elites, the, the, your so-called betters and then, you know, when 428 00:25:53,120 --> 00:25:58,760 push comes to shove, you know, they no one is better than human 429 00:25:58,760 --> 00:26:02,200 nature and that this is the beauty of Bitcoin and this is 430 00:26:02,200 --> 00:26:06,320 the beauty of the information age that we're heading into, 431 00:26:06,680 --> 00:26:09,600 right? I love that that meme that 432 00:26:09,600 --> 00:26:12,960 Bitcoiners have where it's where it says don't tread on me. 433 00:26:13,480 --> 00:26:16,800 That's like the like the libertarian meme and the Bitcoin 434 00:26:16,800 --> 00:26:21,400 meme is can't tread on me. And instead of like, you know, 435 00:26:21,560 --> 00:26:28,120 having to trust someone, you now have the technology and the 436 00:26:28,120 --> 00:26:34,120 capability of being able to trust minimize, of not having to 437 00:26:34,120 --> 00:26:37,640 trust someone. Don't trust verify, right? 438 00:26:37,640 --> 00:26:41,000 It all kind of comes together and now here are my thoughts on 439 00:26:41,000 --> 00:26:43,200 this, specifically about what happened. 440 00:26:43,320 --> 00:26:45,760 Right. So mind you, I don't blame a 441 00:26:45,760 --> 00:26:48,480 father for doing whatever it takes to protect his son. 442 00:26:48,600 --> 00:26:51,520 I would do the same. The problem is the double 443 00:26:51,520 --> 00:26:54,720 standard between these so-called elites and everyone else. 444 00:26:55,400 --> 00:26:58,400 I'm tired of these people lecturing us on climate change, 445 00:26:58,640 --> 00:27:02,320 moral virtue and laws they don't follow themselves. 446 00:27:02,640 --> 00:27:06,920 It kind of reminds me of that time where that senator, or 447 00:27:07,280 --> 00:27:11,880 yeah, I was a senator from New Jersey, was lecturing us about 448 00:27:11,880 --> 00:27:17,680 how, you know, Naimbu Kelly was a threat and he was money 449 00:27:17,680 --> 00:27:19,880 laundering. And then he himself got 450 00:27:19,880 --> 00:27:24,240 discovered with bars of gold and wads of cash in the back of his 451 00:27:24,240 --> 00:27:28,760 Mercedes. And then it leads me to my final 452 00:27:28,760 --> 00:27:30,160 thought. And then I'll open it up to kind 453 00:27:30,160 --> 00:27:33,720 of discuss, to a discussion. One of the things that I'm most 454 00:27:33,720 --> 00:27:37,160 looking forward to is for Bitcoin to make politics 455 00:27:37,160 --> 00:27:39,000 irrelevant. We might not see in our 456 00:27:39,000 --> 00:27:43,840 lifetime, but man a, but a man can dream. 457 00:27:44,640 --> 00:27:48,160 So all that, you know, I, I, I got a little bit upset when I 458 00:27:48,400 --> 00:27:52,680 saw that yesterday because again, I, I don't think I would 459 00:27:52,680 --> 00:27:58,520 have cared like if, if I were president and my son were in 460 00:27:58,520 --> 00:28:02,400 that, that type of situation, I think I would do anything in my 461 00:28:02,400 --> 00:28:05,480 power to help my son. Like that's human nature. 462 00:28:06,000 --> 00:28:10,360 And I, I would say 99% of people fit into that category. 463 00:28:11,200 --> 00:28:16,400 The, the issue that I have is the, the hypocrisy and the issue 464 00:28:16,400 --> 00:28:18,440 that I have is the moral grandstanding. 465 00:28:18,440 --> 00:28:22,720 And the issue that I have is like, you know, hey, we're not 466 00:28:22,720 --> 00:28:24,560 going to do this. Under no circumstances. 467 00:28:24,760 --> 00:28:27,480 We're getting lectured by the legacy media guys and they're 468 00:28:27,480 --> 00:28:31,200 telling us, oh, you got to look within yourself if you think 469 00:28:31,200 --> 00:28:34,040 he's going to do that. And then Fast forward six months 470 00:28:34,040 --> 00:28:36,600 later, oh, yeah, pardon, I'm sorry. 471 00:28:36,920 --> 00:28:41,320 And then it reminds me of the whole inflation thing. 472 00:28:41,560 --> 00:28:43,080 There's going to be no inflation. 473 00:28:43,520 --> 00:28:46,520 Oh, it's transitory. Oh, there's inflation. 474 00:28:46,520 --> 00:28:50,000 Oh, I'm sorry, we got it wrong. And these are the same people 475 00:28:50,000 --> 00:28:55,760 lecturing us about taking Bitcoin into self custody about, 476 00:28:56,160 --> 00:28:59,440 you know, the justification for sanctioning open source 477 00:28:59,960 --> 00:29:03,160 software. I'm sorry man, I, I, I, I just, 478 00:29:03,200 --> 00:29:07,800 I, I don't, I don't that those are my thoughts. 479 00:29:07,840 --> 00:29:11,160 Anyways, Matt, what are your, what are your thoughts on all 480 00:29:11,160 --> 00:29:15,680 this bro? Matt, your your mic's muted. 481 00:29:17,800 --> 00:29:23,280 I mean, you just opened up a gigantic can of worms just 482 00:29:23,280 --> 00:29:28,960 criticizing the whole whole corrupt political system, man. 483 00:29:28,960 --> 00:29:31,240 What are my thoughts on this? OK, so here let you know what 484 00:29:31,240 --> 00:29:35,400 I'm going to tangentially comment on the whole thing 485 00:29:35,400 --> 00:29:41,560 broadly, there's a there's a really popular adage called 486 00:29:42,160 --> 00:29:43,920 absolute power corrupts absolutely, right? 487 00:29:43,920 --> 00:29:45,760 We're all taught this. This is like something we were 488 00:29:45,760 --> 00:29:50,280 really taught and it for some reason is is resonates everyone. 489 00:29:50,280 --> 00:29:52,800 Everyone knows this, everyone says it, and in my mind, 490 00:29:52,800 --> 00:29:56,400 everyone has it wrong. They are they, they do not 491 00:29:56,400 --> 00:29:58,520 understand what that phrase means. 492 00:29:59,640 --> 00:30:01,120 Absolute power corrupts absolutely. 493 00:30:01,120 --> 00:30:05,320 Most people think that that applies to people, individuals, 494 00:30:05,640 --> 00:30:09,320 so that if some person obtains enormous amounts of power, 495 00:30:09,320 --> 00:30:14,080 right, absolute power, that they will become a corrupt, evil 496 00:30:14,080 --> 00:30:20,080 person. And there is no proof of that. 497 00:30:21,400 --> 00:30:26,560 While that may be true for some people who have no integrity, or 498 00:30:26,560 --> 00:30:30,200 who are weak, or who got lucky with the power that they 499 00:30:30,200 --> 00:30:33,400 accumulated and don't know what to do with it, then absolutely 500 00:30:33,400 --> 00:30:35,240 they they could become corrupt, right? 501 00:30:35,360 --> 00:30:38,200 People who don't have a ton of power can become corrupt. 502 00:30:38,520 --> 00:30:42,120 Anyone can become corrupt, but the amount of power that an an 503 00:30:42,120 --> 00:30:47,480 individual person has does not guarantee that person's level of 504 00:30:47,480 --> 00:30:51,680 corruption. However, that phrase does apply 505 00:30:51,840 --> 00:30:58,080 absolutely 100% of the time to any institution, any 506 00:30:58,080 --> 00:31:00,720 transgenerational institution, right? 507 00:31:00,720 --> 00:31:03,320 Any institution that has human turnover. 508 00:31:03,320 --> 00:31:06,120 OK. So the more powerful an 509 00:31:06,120 --> 00:31:08,960 institution becomes, and an institution that achieves a 510 00:31:08,960 --> 00:31:12,560 degree of absolute power, as in the form of a government that 511 00:31:12,560 --> 00:31:17,920 has, you know, a monopoly on violence over a population, must 512 00:31:18,000 --> 00:31:20,160 corrupt. This is not a negative 513 00:31:20,160 --> 00:31:22,080 statement. It's not a positive statement. 514 00:31:22,080 --> 00:31:25,760 It is a fact of nature. It's like calling the sky blue, 515 00:31:25,880 --> 00:31:27,640 right? It's just a fact. 516 00:31:27,640 --> 00:31:31,720 And the reason for that is that when an institution, a system 517 00:31:32,040 --> 00:31:38,760 gains that level of power, it then functions as a magnet for 518 00:31:38,760 --> 00:31:43,840 people who are corrupt, right? People who already are corrupt 519 00:31:43,840 --> 00:31:47,240 or have or are prone to becoming corrupt, who have no integrity 520 00:31:47,520 --> 00:31:50,920 will be attracted to that institution. 521 00:31:50,920 --> 00:31:56,120 They will see it as an elevator to their ambitions. 522 00:31:56,520 --> 00:32:00,960 And so even if the institution begins and is originally 523 00:32:01,680 --> 00:32:07,840 populated by great people of high integrity, as the years go 524 00:32:07,840 --> 00:32:10,920 on and as the generations turn over, it will eventually become 525 00:32:10,920 --> 00:32:14,800 corrupt due to the very nature of the type of people that it 526 00:32:14,800 --> 00:32:16,640 attracts. And so I think all that you're 527 00:32:16,640 --> 00:32:22,240 really commenting on here, very broadly speaking, is that the US 528 00:32:22,240 --> 00:32:26,880 government and their cronies, these the crony capitalist 529 00:32:27,760 --> 00:32:32,600 economic system that we have today has become way too 530 00:32:32,600 --> 00:32:35,440 powerful, that there's too much power. 531 00:32:36,080 --> 00:32:39,520 And as a result, it has attracted the worst of the worst 532 00:32:39,920 --> 00:32:46,320 of these parasitic evil slugs. And they are doing exactly what 533 00:32:46,320 --> 00:32:51,000 they what they do. We should expect nothing less. 534 00:32:51,760 --> 00:32:54,800 The only way to prevent something like this from 535 00:32:54,800 --> 00:33:00,480 occurring is to prevent any system from obtaining too much 536 00:33:00,480 --> 00:33:02,760 power. In other words, avoid 537 00:33:02,760 --> 00:33:07,960 centralization at all costs. Decentralization is the the 538 00:33:08,080 --> 00:33:13,760 essential remedy for all the elements of abuse of power that 539 00:33:13,760 --> 00:33:18,520 this planet has ever seen is to prohibit institutions from 540 00:33:18,520 --> 00:33:22,720 garnering too much power, no matter how benevolent and 541 00:33:22,720 --> 00:33:27,360 wonderful the original person who wields that power is. 542 00:33:28,240 --> 00:33:31,480 You brought up El Salvador right where you have a circumstance 543 00:33:31,480 --> 00:33:36,280 right now in El Salvador where a seemingly and by all evidence 544 00:33:36,440 --> 00:33:41,320 wonderful, benevolent, awesome person is at the helm of a 545 00:33:41,320 --> 00:33:45,960 government that has seized near absolute power over the 546 00:33:45,960 --> 00:33:48,360 country's economic and military systems. 547 00:33:48,360 --> 00:33:50,200 Now, I'm not to say that it wasn't like that before, but it 548 00:33:50,200 --> 00:33:54,760 absolutely remains like that. And so by the in, in recognition 549 00:33:54,760 --> 00:33:58,000 of everything that I just said, people should be extremely wary 550 00:33:58,040 --> 00:34:01,760 and in fact concerned that the predecessor might not be so 551 00:34:01,760 --> 00:34:05,760 benevolent, right, but will still possess the same degree of 552 00:34:05,760 --> 00:34:09,239 power. And so in, in, in large part, 553 00:34:09,480 --> 00:34:13,480 it's still a mistake, right? It is never a good idea to endow 554 00:34:13,760 --> 00:34:19,560 an institution with monopolistic power, especially over violence. 555 00:34:19,560 --> 00:34:22,560 And so that is what excites me about Bitcoin. 556 00:34:22,880 --> 00:34:27,120 It's why I do what I do at start 9 in decent, you know, pushing 557 00:34:27,120 --> 00:34:30,880 the the boundaries of accessibility to decentralized 558 00:34:30,880 --> 00:34:34,760 self sovereign computing is because those are the checks on 559 00:34:34,760 --> 00:34:37,560 centralized power that are necessary. 560 00:34:38,600 --> 00:34:42,159 Without these, without pushing power to the edges of the 561 00:34:42,159 --> 00:34:46,159 network, without empowering individuals and families to be 562 00:34:46,159 --> 00:34:49,199 self-sufficient, there is no check against runaway 563 00:34:49,199 --> 00:34:52,719 centralized power. And the end game of runaway 564 00:34:52,719 --> 00:34:57,720 centralized power, of course, is massive and and sort of blanket 565 00:34:57,720 --> 00:35:03,000 oppression, which then leads to civil unrest and violence and 566 00:35:03,000 --> 00:35:05,680 eventually war. And in the days of, you know, 567 00:35:06,560 --> 00:35:10,560 weapons of mass destruction could be posed an existential 568 00:35:10,560 --> 00:35:14,160 threat to the entire species. So I think that decentralization 569 00:35:14,160 --> 00:35:18,280 with Bitcoin sort of as the as the the leader of the pack and 570 00:35:18,280 --> 00:35:21,640 then and then all of us in support is the remedy to 571 00:35:21,640 --> 00:35:26,800 everything that you just were bitching about. 100%, I 572 00:35:26,800 --> 00:35:30,360 completely agree because it is it's it's absolute power 573 00:35:30,360 --> 00:35:33,320 corrupts absolutely. We have a, we have an 574 00:35:33,320 --> 00:35:38,000 opportunity for change, but it's not the vote harder daddy. 575 00:35:38,320 --> 00:35:43,040 It's decentralization and most importantly, people using these 576 00:35:43,040 --> 00:35:46,800 tools at hand, right? People using taking Bitcoin into 577 00:35:46,800 --> 00:35:50,080 self custody. There's we ran a poll and we did 578 00:35:50,080 --> 00:35:52,720 this on purpose because I already kind of knew the answer. 579 00:35:53,960 --> 00:35:57,640 72% of you guys are not running your own note. 580 00:35:59,280 --> 00:36:02,320 So it's time to take back sovereignty on an individual 581 00:36:02,320 --> 00:36:04,920 level. And this is this is more than 582 00:36:04,920 --> 00:36:06,880 just taking Bitcoin into self custody. 583 00:36:07,280 --> 00:36:10,000 This is about running your own sovereign computer as well, 584 00:36:10,000 --> 00:36:12,640 which you can run your own Bitcoin node off of, right? 585 00:36:12,640 --> 00:36:14,920 So we're going to talk about all of that during the culture 586 00:36:14,920 --> 00:36:18,640 segment. But Opti, real quick, take what? 587 00:36:19,280 --> 00:36:21,680 Don't go too hard. We are on YouTube after all. 588 00:36:21,680 --> 00:36:23,520 Please. Yeah, yeah. 589 00:36:23,680 --> 00:36:27,320 This one's going to be tricky considering we are on YouTube 590 00:36:27,320 --> 00:36:31,960 and yeah, you already know. But is anyone really surprised 591 00:36:31,960 --> 00:36:34,640 at this point? I, you know, like people have 592 00:36:34,640 --> 00:36:38,760 been saying this for a long time throughout the year on Twitter 593 00:36:38,760 --> 00:36:42,440 and people were calling it fake news and the gaslighting was off 594 00:36:42,440 --> 00:36:45,840 the charts. I think at this point, you know, 595 00:36:45,840 --> 00:36:48,680 it's kind of just like the chef's kiss and cherry on top 596 00:36:48,680 --> 00:36:51,480 for I don't even know if I can say this and hopefully I don't 597 00:36:51,480 --> 00:36:55,400 nuke the YouTube, but the worst presidential administration in 598 00:36:55,400 --> 00:36:58,160 history. And that's your opinion in my 599 00:36:58,160 --> 00:37:01,720 opinion. And also in my opinion, very 600 00:37:01,720 --> 00:37:04,760 clearly the most corrupt presidential administration in 601 00:37:04,760 --> 00:37:10,520 my opinion, in my opinion. So with that being said, I think 602 00:37:10,520 --> 00:37:13,840 the silver lining of this that we've seen throughout the years, 603 00:37:13,840 --> 00:37:15,680 something we've kind of been talking about, Nikko likes to 604 00:37:15,680 --> 00:37:19,080 call it the disintermediation of information. 605 00:37:19,480 --> 00:37:23,640 And this is almost like a, a, a good thing, in my opinion, for 606 00:37:23,640 --> 00:37:25,760 people that are sitting on the fence that are really wondering 607 00:37:25,760 --> 00:37:28,880 what's going on. I think this could be one of 608 00:37:28,880 --> 00:37:31,920 those moments where people really stop to believe in the 609 00:37:31,920 --> 00:37:36,400 institutions and start to see that there is a fundamental 610 00:37:36,400 --> 00:37:39,640 problem going on. And the, you know, the Fiat 611 00:37:39,640 --> 00:37:43,680 system, the governments around the world are, you know, rotting 612 00:37:43,680 --> 00:37:45,680 from the inside and something needs to be fixed. 613 00:37:45,680 --> 00:37:49,280 And so if people are actively looking for the truth and 614 00:37:49,280 --> 00:37:52,080 hopefully they will eventually end up on our side and, you 615 00:37:52,080 --> 00:37:55,320 know, become big corners and start to take their own lives 616 00:37:55,320 --> 00:37:58,440 into their own hands. And then on the flip side, the, 617 00:37:58,520 --> 00:38:02,000 the real interesting thing is considering we always cover the 618 00:38:02,000 --> 00:38:05,040 corporate press and, you know, cognitive dissonance. 619 00:38:05,280 --> 00:38:07,360 And it's interesting that people will see this and they just 620 00:38:07,360 --> 00:38:10,240 double down and like completely ignore what's going on. 621 00:38:10,560 --> 00:38:12,600 And so you're seeing, I've, I've been saying this for a while. 622 00:38:12,680 --> 00:38:15,160 So you're seeing a very clear fork in the road right now where 623 00:38:15,160 --> 00:38:18,240 either you want to know the truth or you just kind of double 624 00:38:18,240 --> 00:38:21,200 down on your, you know, your total blindness of what's going 625 00:38:21,200 --> 00:38:24,280 on and you just kind of follow what the powers that be are 626 00:38:24,280 --> 00:38:27,240 saying. And so, hey, I'm not surprised. 627 00:38:27,880 --> 00:38:30,000 I'll leave it at that because you guys know me. 628 00:38:30,000 --> 00:38:31,360 I'll get our YouTube channel news. 629 00:38:32,120 --> 00:38:33,680 All right, everybody, let's get some news. 630 00:38:33,680 --> 00:38:35,880 We have lots to talk about. Stay tuned. 631 00:38:35,880 --> 00:38:41,560 Here we go. Very special shout out to our 632 00:38:41,560 --> 00:38:45,120 sponsor Compass Mining. They make Bitcoin mining 633 00:38:45,160 --> 00:38:49,040 accessible to everyone from beginners to experienced 634 00:38:49,040 --> 00:38:51,960 investors. 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I. 646 00:39:36,030 --> 00:39:38,640 Want to give a shout out to our sponsor foundation. 647 00:39:38,720 --> 00:39:42,520 It's self custody done right. They've built a premium grade 648 00:39:42,520 --> 00:39:46,160 hardware wallet called Passport right here in the US, and it 649 00:39:46,160 --> 00:39:49,680 integrates seamlessly with their free app called Envoy. 650 00:39:50,320 --> 00:39:53,120 Passport is fully open source and verifiable. 651 00:39:53,280 --> 00:39:56,520 It's the most intuitive Bitcoin wallet, designed with a UX 652 00:39:56,520 --> 00:40:00,000 reminiscent of a classic feature phone, so you'll know how to 653 00:40:00,000 --> 00:40:02,560 navigate it and use it the moment you pick it up. 654 00:40:02,720 --> 00:40:06,640 It's also air gaps, meaning Bitcoin stays offline, never 655 00:40:06,640 --> 00:40:10,240 touching an Internet connection. It's Bitcoin only open source, 656 00:40:10,240 --> 00:40:14,160 verifiable air gap security model, gorgeous design craft 657 00:40:14,160 --> 00:40:17,880 premium grade materials. Get your Bitcoin off exchanges 658 00:40:18,040 --> 00:40:20,200 and into your own hands in just a few minutes. 659 00:40:20,320 --> 00:40:24,880 With passport at foundation dot XYZ slash simply get Peace of 660 00:40:24,880 --> 00:40:29,160 Mind for your piece of Bitcoin. All right, everybody here is 661 00:40:29,160 --> 00:40:32,960 Opti and he is modeling the passport by foundation devices. 662 00:40:33,160 --> 00:40:35,960 Remember guys, not your keys, not your cheese. 663 00:40:36,440 --> 00:40:38,280 You want to take self custody of your Bitcoin. 664 00:40:38,600 --> 00:40:43,040 The passport doesn't sacrifice security for convenience is the 665 00:40:43,040 --> 00:40:45,320 perfect gift to give to someone that perhaps is a little bit 666 00:40:45,320 --> 00:40:48,920 intimidated by self custody. The passport makes self custody 667 00:40:48,920 --> 00:40:51,480 easy. Use promo code simply not to get 668 00:40:51,480 --> 00:40:55,040 Opti, but to get a discount on the passport by foundation 669 00:40:55,040 --> 00:40:57,440 devices. All right, everybody, the news 670 00:40:57,440 --> 00:41:01,040 over the weekend, everyone, just everyone. 671 00:41:01,880 --> 00:41:05,000 I'm not even getting I'm not I'm not going to even go down that 672 00:41:05,000 --> 00:41:09,040 route. But anyways, you could see Opti 673 00:41:09,040 --> 00:41:11,240 a bit block boom. If you want to see Opti, you can 674 00:41:11,240 --> 00:41:13,960 see him a bit block boom. You can take a picture with him. 675 00:41:14,440 --> 00:41:16,720 All right, so I do want to talk about this. 676 00:41:17,400 --> 00:41:22,880 This is a truth. That truth post or whatever that 677 00:41:23,320 --> 00:41:26,360 that Donald Trump, president-elect came out with 678 00:41:26,360 --> 00:41:29,680 over the weekend said the idea that the BRICS countries are 679 00:41:29,680 --> 00:41:32,320 trying to move away from the dollar while we stand by and 680 00:41:32,320 --> 00:41:36,000 watch is over. We require a commitment from 681 00:41:36,000 --> 00:41:38,840 these countries that they will neither create a new BRICS 682 00:41:38,840 --> 00:41:42,840 currency nor back any currency to replace the mighty U.S. 683 00:41:42,840 --> 00:41:47,440 dollar or they will face 100% tariffs and should expect to say 684 00:41:47,440 --> 00:41:50,280 goodbye to selling into the wonderful U.S. economy. 685 00:41:50,720 --> 00:41:55,320 They can go find another sucker. There is no chance that the 686 00:41:55,320 --> 00:41:58,400 bricks will replace the US dollar in international trade 687 00:41:58,720 --> 00:42:03,840 and any country that tries should wave goodbye to America. 688 00:42:05,240 --> 00:42:09,600 Max Kaiser just replies. It doesn't when someone says how 689 00:42:09,600 --> 00:42:12,640 does this pair with the idea of creating a federal Bitcoin 690 00:42:12,640 --> 00:42:15,040 Reserve? That's a really good point right 691 00:42:15,240 --> 00:42:19,600 'cause it it I'm, you know, I come from the school of thought 692 00:42:20,000 --> 00:42:23,600 that central banking and Bitcoin is not compatible. 693 00:42:24,840 --> 00:42:27,880 Apparently Kaiser agrees and here is beauty on. 694 00:42:27,880 --> 00:42:32,520 Beauty on is the I believe Co founder founder of a Steco and 695 00:42:32,520 --> 00:42:36,760 he had this amazing post. He says if it were any other man 696 00:42:36,760 --> 00:42:42,480 and this is replying to Trump's truth post regarding the the 697 00:42:42,480 --> 00:42:46,200 tariffs and the BRICS nation seeking an alternative 698 00:42:48,160 --> 00:42:50,880 alternative international reserve currency. 699 00:42:50,880 --> 00:42:54,200 Anyways, if there were if there were any other man, I would 700 00:42:54,200 --> 00:42:58,000 doubt any person saying this could pull it pull it off. 701 00:42:58,040 --> 00:43:01,120 None of the leaders, even as a group, have the courage to 702 00:43:01,120 --> 00:43:03,760 challenge Trump. But there is a problem. 703 00:43:03,800 --> 00:43:07,920 The Federal Reserve dollar is fundamentally resolved flawed. 704 00:43:08,360 --> 00:43:11,160 It is not constitutional money. It is not sound money. 705 00:43:11,360 --> 00:43:15,120 It is being used to control and humiliate the countries that use 706 00:43:15,120 --> 00:43:17,920 it. And this threat makes the 707 00:43:17,920 --> 00:43:20,720 humiliation worse. The Federal Reserve dollar is 708 00:43:20,720 --> 00:43:24,240 not federal or American. It is a private money created by 709 00:43:24,240 --> 00:43:26,680 a private business. Everyone knows this. 710 00:43:26,680 --> 00:43:30,040 Now, opposing this is not anti American. 711 00:43:30,480 --> 00:43:33,400 Ron Paul will tell you that opposing the Federal Reserve 712 00:43:33,800 --> 00:43:37,560 dollar is in fact absolutely pure Americanism. 713 00:43:37,880 --> 00:43:41,160 The Federal Reserve dollar system is going to collapse. 714 00:43:41,520 --> 00:43:44,760 Previous presidents fought hard to abolish the private banking 715 00:43:44,760 --> 00:43:48,960 control over America's money. The The money creation under 716 00:43:49,240 --> 00:43:52,280 Barack Obama and other presidents cannot be undone 717 00:43:52,280 --> 00:43:53,920 without increasing interest rates. 718 00:43:53,960 --> 00:43:56,680 They're trapped. The fraudulent Federal Reserve 719 00:43:56,680 --> 00:43:59,120 Fiat dollar must. Go away. 720 00:43:59,520 --> 00:44:02,920 That's the only way out now unless Trump can lace it with 721 00:44:02,920 --> 00:44:06,240 his magical power. This is the first big challenge 722 00:44:06,240 --> 00:44:09,000 of BRICS. If they had even one brain cell 723 00:44:09,000 --> 00:44:11,840 between them, they would have settled on Bitcoin as their 724 00:44:11,840 --> 00:44:15,120 currency long ago. Then it would not only be the 725 00:44:15,120 --> 00:44:18,240 entire world against the Federal Reserve dollar, it would be 726 00:44:18,240 --> 00:44:21,320 BRICS. Even non BRICS country and 727 00:44:21,320 --> 00:44:24,280 American entrepreneurs against the Federal Reserve dollar. 728 00:44:24,640 --> 00:44:27,760 The Federal Reserve dollar is not American and it is not 729 00:44:27,760 --> 00:44:31,720 patriotic to support it. In fact, it is anti patriotic to 730 00:44:31,720 --> 00:44:33,480 support the Federal Reserve dollar. 731 00:44:33,680 --> 00:44:37,000 It is designed to cheat Americans and anyone who is on 732 00:44:37,000 --> 00:44:40,800 the side of Americans and who understands how money works 733 00:44:41,120 --> 00:44:43,160 cannot be for the Federal Reserve Dollar. 734 00:44:43,720 --> 00:44:48,040 Ask Ron Paul why if you don't know why BRICS should retaliate. 735 00:44:48,040 --> 00:44:52,560 Retaliate by declaring that they will settle on Bitcoin and an 736 00:44:52,560 --> 00:44:54,880 international coalition for sound money. 737 00:44:55,520 --> 00:44:59,000 If they were to do this and America refused to join it, they 738 00:44:59,000 --> 00:45:02,520 can keep their fraudulent quote sucker money while the world 739 00:45:02,520 --> 00:45:05,480 moves to sound money. What can America do in this 740 00:45:05,480 --> 00:45:08,520 scenario? They could put 100% tariffs on 741 00:45:08,520 --> 00:45:11,640 all goods coming from countries that refuse the Federal Reserve 742 00:45:11,640 --> 00:45:14,400 dollar. But this should be seen as 743 00:45:14,400 --> 00:45:18,200 trying as tying a string on a baby tooth. 744 00:45:18,560 --> 00:45:22,000 They want to get pulled. Trump will slam the door that 745 00:45:22,000 --> 00:45:25,680 will pull out the baby tooth. In time, their adult tooth will 746 00:45:25,680 --> 00:45:28,760 emerge and the fairy and the tooth fairy will leave them 747 00:45:28,960 --> 00:45:32,440 Bitcoin under their pillows. And believing in the tooth fairy 748 00:45:32,440 --> 00:45:35,800 is identical to believing that the Federal Reserve dollar is 749 00:45:35,800 --> 00:45:39,400 not a giant fraudulent scam that hurts Americans. 750 00:45:40,320 --> 00:45:44,000 If Americans have full unfettered access to accepting 751 00:45:44,000 --> 00:45:49,000 Bitcoin as money, their indominant spirit, and and Trump 752 00:45:49,120 --> 00:45:53,000 intrapreneurialism, entrepreneurialism, there we go. 753 00:45:53,200 --> 00:45:57,440 We'll keep them at #1 globally, what Trump is signalling here is 754 00:45:57,440 --> 00:46:00,160 that America can't win unless it is cheating. 755 00:46:00,360 --> 00:46:03,840 That's exactly what the Federal Reserve dollar is cheating. 756 00:46:04,320 --> 00:46:09,160 So I mean, he goes on to say what Trump should have done, 757 00:46:10,920 --> 00:46:13,680 which is I will end the Federal Reserve System and replace it 758 00:46:13,680 --> 00:46:16,040 with a America constitutional money. 759 00:46:16,040 --> 00:46:19,440 Under Ron Paul's direction, any country rejecting the new 760 00:46:19,440 --> 00:46:22,000 American dollar will face 100% tariffs. 761 00:46:22,360 --> 00:46:26,440 OK, now you're talking but the the but defending the defensible 762 00:46:26,440 --> 00:46:28,600 Federal Reserve. This is not tenable. 763 00:46:28,800 --> 00:46:32,040 Once again, if there were any other man, I would doubt any 764 00:46:32,040 --> 00:46:36,240 person saying this could pull it off Donald John Trump, however, 765 00:46:36,240 --> 00:46:39,000 is not just another man. He is an extraordinary man, a 766 00:46:39,000 --> 00:46:41,960 man of destiny with an appointment with destiny is an 767 00:46:41,960 --> 00:46:43,640 appointment he will keep, I'm sure. 768 00:46:43,880 --> 00:46:47,160 That being said, it is not possible that the entire world 769 00:46:47,160 --> 00:46:50,560 adopting Bitcoin can be resisted by any single nation. 770 00:46:50,800 --> 00:46:54,520 The question is whether or not leaders of these nation states 771 00:46:54,800 --> 00:46:58,520 are minded not to be slaves for the remainder of their lives. 772 00:46:58,720 --> 00:47:03,440 Bitcoin is the only means they have to escape Federal Reserve 773 00:47:03,680 --> 00:47:06,680 domination and it keeps going. You have to check out the entire 774 00:47:06,680 --> 00:47:09,720 post by Beauty on. I think he absolutely nails it. 775 00:47:10,080 --> 00:47:14,840 And a couple comments there. I think This is why they This is 776 00:47:14,840 --> 00:47:19,720 why they freaked out the way they did when El Salvador made 777 00:47:19,720 --> 00:47:23,560 Bitcoin legal tender. And I think the reason that they 778 00:47:23,560 --> 00:47:27,600 had this freak out is because El Salvador essentially figured out 779 00:47:28,520 --> 00:47:34,600 that they can circumvent not only the dollar, but the IMF and 780 00:47:34,600 --> 00:47:37,440 the World Bank. And I think that's what it boils 781 00:47:37,440 --> 00:47:39,320 down to. And I completely agree with 782 00:47:39,320 --> 00:47:41,200 Buteon. If the BRICS nations were 783 00:47:41,200 --> 00:47:45,560 actually serious, they would switch to a, they would switch 784 00:47:45,560 --> 00:47:47,680 to Bitcoin. The thing is, I don't think 785 00:47:47,680 --> 00:47:50,560 they'll do that is because I think all these countries want 786 00:47:50,560 --> 00:47:54,120 to maintain their privilege of being able to create money for 787 00:47:54,120 --> 00:47:57,880 free that everyone else has to work for, just as the United 788 00:47:57,880 --> 00:48:00,640 States. So this, this whole predicament 789 00:48:00,680 --> 00:48:03,840 is fascinating. The game theory about all this 790 00:48:03,840 --> 00:48:06,160 is fascinating. I don't know how this is going 791 00:48:06,160 --> 00:48:10,120 to end, but all I know is that if you stay humble, stack sats, 792 00:48:10,120 --> 00:48:12,680 and put those sats into self custody, I think you'll be fine. 793 00:48:12,920 --> 00:48:15,080 And you should definitely look into sovereign computing as 794 00:48:15,080 --> 00:48:17,920 well. Matt, what are your thoughts on 795 00:48:18,280 --> 00:48:22,080 beauty ONS post? Do you think he hits the nail on 796 00:48:22,080 --> 00:48:23,400 the head? What are your thoughts on 797 00:48:23,400 --> 00:48:25,760 bricks? What are your thoughts on Trump 798 00:48:25,840 --> 00:48:31,920 coming into office? So his post is a mixture of 799 00:48:32,880 --> 00:48:37,600 some, some facts about the nature of the Federal Reserve 800 00:48:39,320 --> 00:48:45,120 notes that we call the dollar with some opinion of his with 801 00:48:45,120 --> 00:48:50,920 regards to Trump and, and Trump's kind of role to play in, 802 00:48:50,920 --> 00:49:04,120 in the forthcoming era. And I, you know, I, I don't 803 00:49:05,280 --> 00:49:11,240 trust politicians, any of them. And when I use that word, I 804 00:49:11,240 --> 00:49:14,480 mean, I mean in the, in the sort of derogatory sense, right? 805 00:49:14,480 --> 00:49:19,920 There are certain people who are in the political sphere who I 806 00:49:19,920 --> 00:49:23,440 would not call politicians. I wish I could use that word 807 00:49:23,440 --> 00:49:25,280 positively. Like someone like Ron Paul, for 808 00:49:25,280 --> 00:49:29,280 instance, right, who I love and adore and is an American hero. 809 00:49:30,200 --> 00:49:32,560 I wouldn't like call him a politician. 810 00:49:32,560 --> 00:49:37,640 Now he is was, but only in the positive sense of that word. 811 00:49:37,640 --> 00:49:41,360 So when I say that word, I, I'm, I'm using it negatively, meaning 812 00:49:41,360 --> 00:49:45,800 the typical politician. And I think Trump is one of 813 00:49:45,800 --> 00:49:49,520 them. I, I see no reason to be 814 00:49:49,760 --> 00:49:56,400 praising or supporting or or having high hopes for the 815 00:49:56,400 --> 00:50:00,320 president-elect. You know, is he better than 816 00:50:00,640 --> 00:50:03,840 maybe a Kamala Harris and administration would have been 817 00:50:03,960 --> 00:50:06,920 probably at least for Bitcoin and maybe for a lot of other 818 00:50:06,920 --> 00:50:10,240 things. I personally was happy to see 819 00:50:10,240 --> 00:50:16,000 the result of that election. But I don't think that's the 820 00:50:16,000 --> 00:50:19,320 answer. I think that at best, a Trump 821 00:50:19,320 --> 00:50:24,280 presidency can delay the decline. 822 00:50:24,280 --> 00:50:29,560 I think a Trump presidency can delay the the implosion, the 823 00:50:29,560 --> 00:50:33,400 inevitable implosion. Do I think that he's, you know, 824 00:50:33,560 --> 00:50:36,840 squeaky clean and and and doing all the the right things for all 825 00:50:36,840 --> 00:50:38,240 the right reasons? Of course not. 826 00:50:39,200 --> 00:50:42,600 Man has a lifelong history of basically bankrupting every 827 00:50:42,600 --> 00:50:44,080 company he's ever been a part of. 828 00:50:45,000 --> 00:50:49,600 He is totally, you know, last time he was in the office, the 829 00:50:49,640 --> 00:50:52,680 drain, the swamp turned into elect the same people that have 830 00:50:52,680 --> 00:50:54,560 always been there and basically change nothing. 831 00:50:54,920 --> 00:50:56,560 Did he start any new wars? No. 832 00:50:57,240 --> 00:50:59,520 Did he implement any new horrendous laws? 833 00:50:59,520 --> 00:51:01,160 I don't know. Maybe, but probably not that I'm 834 00:51:01,160 --> 00:51:03,880 aware of. But again, it's, it's politics 835 00:51:03,880 --> 00:51:05,400 as usual. It's business as usual. 836 00:51:05,400 --> 00:51:10,120 Maybe just with a little bit nicer shine and maybe a little 837 00:51:10,120 --> 00:51:14,520 bit it does play into our longer term strategy a little bit 838 00:51:14,520 --> 00:51:16,680 because I feel like we're buying time here. 839 00:51:17,480 --> 00:51:25,360 But my essential view on the American Republic and on, you 840 00:51:25,360 --> 00:51:29,200 know, international geopolitics in general is, is that we are 841 00:51:29,200 --> 00:51:33,480 reaching the end of a historical era. 842 00:51:33,800 --> 00:51:38,040 My view is very much in line with the view of the sovereign 843 00:51:38,040 --> 00:51:41,680 individual, which you brought up earlier, mixed with a lot of my 844 00:51:41,680 --> 00:51:47,000 own reading and understanding. And I think that, you know, we 845 00:51:47,000 --> 00:51:53,120 are we are nearing the the dusk of of a multi millennia era or 846 00:51:53,120 --> 00:51:56,080 at least, you know, at least maybe not that long, but at 847 00:51:56,080 --> 00:52:00,800 least since the rise of the nation state in the last 500 848 00:52:00,800 --> 00:52:05,240 years. And So what is going to replace 849 00:52:05,240 --> 00:52:07,520 it is what I tend to be focused on. 850 00:52:07,840 --> 00:52:12,520 I do not think that you can resolve the problems that are 851 00:52:12,520 --> 00:52:16,040 inherent in the political system through the political apparatus. 852 00:52:16,280 --> 00:52:19,920 I tried that in 2012 with Ron Paul and it was a very hard 853 00:52:19,920 --> 00:52:23,520 lesson learned when I realized that you cannot destroy the 854 00:52:23,520 --> 00:52:28,720 beast by playing its game. You need to completely change 855 00:52:29,120 --> 00:52:32,600 the You need something that is wholly other, something that 856 00:52:32,600 --> 00:52:38,160 cannot be Co opted, something that cannot be sort of ingested 857 00:52:38,160 --> 00:52:46,200 and used by the enemy, and that is cryptography, decentralized 858 00:52:46,200 --> 00:52:49,800 computer systems with Bitcoin as the as the crowning jewel, of 859 00:52:49,800 --> 00:52:54,440 course, and and a new understanding and new 860 00:52:54,440 --> 00:52:58,720 appreciation for human rights. I'm very optimistic at where the 861 00:52:58,720 --> 00:53:04,760 world emerges from this dark corridor, but I am under 862 00:53:04,760 --> 00:53:10,320 absolutely no illusion that that it is going to happen overnight. 863 00:53:10,320 --> 00:53:15,000 I I think that we have decades, many decades left while the 864 00:53:16,320 --> 00:53:20,040 while the existing system convulses and dies a very loud 865 00:53:20,360 --> 00:53:22,680 and painful death and takes that's. 866 00:53:22,680 --> 00:53:27,040 A metaphor YouTube. Sorry, I'm just I'm just letting 867 00:53:27,240 --> 00:53:29,800 our letting our YouTube overlords know that was a 868 00:53:29,800 --> 00:53:32,920 metaphor. I understand. 869 00:53:32,920 --> 00:53:37,400 Yes, I I do speak metaphorically and allegorically as I am right 870 00:53:37,400 --> 00:53:43,040 now, and this is not something that I am directly trying to do. 871 00:53:43,160 --> 00:53:48,640 So my job is to observe the sinking Titanic and to build as 872 00:53:48,640 --> 00:53:51,760 many lifeboats and get people onto those lifeboats as quickly 873 00:53:51,760 --> 00:53:54,880 as possible. I think that is your fundamental 874 00:53:55,200 --> 00:53:59,960 goal as well, is to educate people on Bitcoin and why it's 875 00:53:59,960 --> 00:54:05,320 important and to help them to begin walking that path so that 876 00:54:05,320 --> 00:54:07,480 they can protect themselves, their families, and their 877 00:54:07,480 --> 00:54:12,920 futures. I do the same thing, not solely 878 00:54:12,920 --> 00:54:16,360 focused on Bitcoin, but trying to really make people 879 00:54:16,360 --> 00:54:20,480 independent digital beings in preparation for humanity's 880 00:54:20,480 --> 00:54:24,360 information age. And again, this is a much longer 881 00:54:24,360 --> 00:54:29,120 story than I think people in the Bitcoin community want to think 882 00:54:29,200 --> 00:54:33,880 or, you know, like to admit. It would be really nice if we 883 00:54:33,880 --> 00:54:36,960 could just go out there and just have like a a table wiping of 884 00:54:36,960 --> 00:54:39,480 the other team and just pounce them in the first quarter and 885 00:54:39,480 --> 00:54:43,360 win, you know, in a blowout. And this be over in 10 years. 886 00:54:43,360 --> 00:54:45,800 And we're all just living on Bitcoin island in our own 887 00:54:45,800 --> 00:54:49,280 citadels and all the rest. And while that may come true for 888 00:54:49,280 --> 00:54:54,160 certain individuals who choose to, you know, opt out and, and 889 00:54:54,280 --> 00:54:56,640 protect themselves and their families and sort of get out of 890 00:54:56,640 --> 00:55:00,400 the game, you know, move away and, and stop fighting. 891 00:55:00,400 --> 00:55:04,560 And that is perfectly understandable and is, to be 892 00:55:04,560 --> 00:55:07,080 honest, something that I will have to consider as I continue 893 00:55:07,080 --> 00:55:11,040 to have more and more kids. But but the war will go on for 894 00:55:11,040 --> 00:55:16,720 decades and it will be a long time before we see these these 895 00:55:16,720 --> 00:55:22,200 monolithic tyrannical institutions rotten and and 896 00:55:22,200 --> 00:55:25,240 eventually die on on under their own weight. 897 00:55:25,240 --> 00:55:27,320 Mind you, again, they don't need to be attacked. 898 00:55:27,880 --> 00:55:30,760 The the ship is sinking. It is taking on water. 899 00:55:30,760 --> 00:55:35,040 There is no stopping it. And so, you know, just to bring 900 00:55:35,040 --> 00:55:37,400 come full circle here, coming all the way back to the the 901 00:55:37,400 --> 00:55:40,040 Trump election and and forthcoming administration. 902 00:55:42,040 --> 00:55:46,160 Is it a breath of fresh air? You know, is it someone playing 903 00:55:46,160 --> 00:55:49,200 the violin while the ship kind of teeters like this for a few 904 00:55:49,200 --> 00:55:50,640 minutes? Probably. 905 00:55:51,480 --> 00:55:53,360 Ship is going down. Trump can't stop it. 906 00:55:53,360 --> 00:55:56,280 Nobody can stop it. And in fact, I I don't have a 907 00:55:56,280 --> 00:55:58,400 lot of confidence that Trump even wants to stop it. 908 00:55:58,400 --> 00:56:01,560 I think he probably just wants to get his before it goes down 909 00:56:01,560 --> 00:56:04,160 as well. And again, we're, we're 910 00:56:04,160 --> 00:56:07,480 witnessing this and like we're witnessing this from the 911 00:56:07,480 --> 00:56:10,920 perspective of we're on, we're on a life raft, right? 912 00:56:11,000 --> 00:56:14,200 We're on a life raft. I think that's, that's the, the 913 00:56:14,280 --> 00:56:20,480 thing that Bitcoin gives you is this life raft to kind of 914 00:56:20,480 --> 00:56:23,640 navigate through, you know, these very kind of tumultuous 915 00:56:23,640 --> 00:56:26,480 times in, in history where you're absolutely right, Matt, 916 00:56:26,480 --> 00:56:30,440 these, these institutions that have been around for, you know, 917 00:56:30,440 --> 00:56:34,120 hundreds of years are slowly you're, you're seeing the 918 00:56:34,120 --> 00:56:35,840 cracks. And this is what the book the 919 00:56:35,840 --> 00:56:37,640 sovereign individual was talking about. 920 00:56:37,880 --> 00:56:40,440 Like you're seeing the cracks in the political system. 921 00:56:40,440 --> 00:56:43,280 You're seeing the double standards, you're seeing the 922 00:56:43,280 --> 00:56:47,160 rules for thee, but not for me. And I think it really just 923 00:56:47,160 --> 00:56:51,280 started to accelerate in 2008, which coincidentally was when 924 00:56:51,280 --> 00:56:55,360 Bitcoin was born, right? And but we have a way to opt out 925 00:56:55,360 --> 00:56:57,960 now. We have a way to opt out of that 926 00:56:57,960 --> 00:57:02,480 system and and kind of find these these information Oas 927 00:57:02,760 --> 00:57:09,080 Oasis, like, for example, like the nostril protocol, What Elon 928 00:57:09,080 --> 00:57:11,800 has done for X has been incredible for free speech. 929 00:57:12,880 --> 00:57:17,200 What Bitcoin is doing for money is incredible because you switch 930 00:57:17,200 --> 00:57:20,440 to a Bitcoin standard and regardless of what's happening 931 00:57:20,440 --> 00:57:24,320 in, in political Andia, if you're saving in Bitcoin, 932 00:57:24,680 --> 00:57:26,840 everything is getting progressively cheaper for you, 933 00:57:27,280 --> 00:57:30,520 right? So you, you have life rafts and 934 00:57:30,520 --> 00:57:35,280 you don't have to depend on, you know, a, a, a God king to be 935 00:57:35,280 --> 00:57:39,840 elected to, to, to fix these problems, right? 936 00:57:40,000 --> 00:57:43,600 But I do agree. I, I, I, I am, I am optimistic 937 00:57:43,600 --> 00:57:45,840 with the incoming Trump administration. 938 00:57:45,840 --> 00:57:49,120 I think for the regulatory environment in the United 939 00:57:49,120 --> 00:57:51,400 States, I'm very happy about that. 940 00:57:52,440 --> 00:57:58,800 So there are some pros, but I think thinking that, you know, a 941 00:57:58,800 --> 00:58:03,080 single person is going to be able to stop decades and decades 942 00:58:03,080 --> 00:58:07,240 of incompetence and corruption, I think is a little bit naive. 943 00:58:07,440 --> 00:58:12,040 Think about it this way, right? If he could, then it means that 944 00:58:12,040 --> 00:58:15,800 someone can then undo it, right? It it means that the power to do 945 00:58:15,800 --> 00:58:17,400 that exists. And that is what I'm saying is 946 00:58:17,400 --> 00:58:21,120 the essential problem. It's that the fact that anyone 947 00:58:21,120 --> 00:58:25,720 can have that much power, that the system affords that to an 948 00:58:25,720 --> 00:58:29,200 individual or to a small group of people means that it has to 949 00:58:29,200 --> 00:58:32,320 get worse. The only way that somebody could 950 00:58:32,320 --> 00:58:36,760 have my full like support is if it was Ron Paul style, where he 951 00:58:36,760 --> 00:58:42,080 is legitimately like, I'm going to disempower myself. 952 00:58:42,080 --> 00:58:43,680 I'm going to disempower the government. 953 00:58:43,680 --> 00:58:46,480 Trump's not doing that right. These there's not going to be 954 00:58:46,480 --> 00:58:50,360 any laws that remove the power of the executive. 955 00:58:50,840 --> 00:58:54,040 I guarantee it. That's what I would want to see. 956 00:58:54,040 --> 00:58:57,960 To get real support from me is like, no, remove your own power. 957 00:58:57,960 --> 00:59:02,920 Then I'll start to trust you. 100% and and even if, and I'm 958 00:59:02,920 --> 00:59:06,320 really glad that you brought that up, Matt, because even if 959 00:59:06,640 --> 00:59:11,400 Elon gets his way with doge, it's just one administration. 960 00:59:11,400 --> 00:59:12,840 I'm not talking about the shit coin, everybody. 961 00:59:12,840 --> 00:59:16,040 I'm talking about the the department of government 962 00:59:16,040 --> 00:59:20,520 efficiency, whatever the altcoin to be nice and inclusive. 963 00:59:21,240 --> 00:59:25,880 But even if he gets his way, he's just one administration 964 00:59:25,880 --> 00:59:31,400 away from the opposite of doge being implemented, right? 965 00:59:31,400 --> 00:59:35,360 So it's just one election away. And I think that's what you're 966 00:59:35,360 --> 00:59:37,640 talking about, Matt, right? Like if Trump did have that 967 00:59:37,640 --> 00:59:41,880 power, then all it takes is 1 election for that other person 968 00:59:41,880 --> 00:59:45,240 to just reverse all of that. And I think it's the inevitable 969 00:59:45,240 --> 00:59:49,480 course because I think people will inherently vote the person 970 00:59:49,480 --> 00:59:53,080 in office that's going to give them quote, quote, UN quote free 971 00:59:53,080 --> 00:59:55,960 things, even though it's not free comes from the money 972 00:59:55,960 --> 01:00:02,240 printer. But anyways, we are at 2805 live 973 01:00:02,240 --> 01:00:05,760 viewers between YouTube and X and under 100 of you guys 974 01:00:05,760 --> 01:00:08,600 watching live on Rumble. You guys are enjoying the show 975 01:00:08,600 --> 01:00:11,400 so far. We're about to break 300 likes 976 01:00:11,640 --> 01:00:14,680 on YouTube. Smash that like button and stay 977 01:00:14,680 --> 01:00:17,600 tuned for the culture because we're going to talk about start 978 01:00:17,600 --> 01:00:21,800 9 sovereign computing. We have Matt Hill in the house 979 01:00:21,960 --> 01:00:23,280 guys. We'll be right back. 980 01:00:25,520 --> 01:00:28,440 To our sponsor. Hive Digital Technologies. 981 01:00:28,520 --> 01:00:32,600 As the first ever public miner, Hive's been battle tested 982 01:00:32,600 --> 01:00:37,040 through every possible market, and as the first with an AI 983 01:00:37,040 --> 01:00:41,160 strategy, Hive continues to redefine the future of 984 01:00:41,160 --> 01:00:44,400 sustainable energy. Also got to casually drop this 985 01:00:44,400 --> 01:00:46,920 in here. Hive consistently tops the 986 01:00:46,920 --> 01:00:50,720 industry in Bitcoin mine per Exahash. 987 01:00:50,880 --> 01:00:53,760 They're lean and mean, they're green and clean, and they're 988 01:00:53,760 --> 01:00:57,200 changing the game. Learn more by following them at 989 01:00:57,200 --> 01:00:59,880 Hive Digital Tech or check out their website, 990 01:01:00,080 --> 01:01:02,520 hivedigitaltech.com. Hi. 991 01:01:13,470 --> 01:01:17,590 Everybody, I do want to give a shout out to one of my favorite 992 01:01:17,590 --> 01:01:22,350 Bitcoin conferences of the year, simply Bitcoins new sponsor 993 01:01:22,590 --> 01:01:26,510 Bitblock Boom guys, you definitely don't want to miss 994 01:01:26,510 --> 01:01:28,990 it. It's going to be April 3rd, 4th, 995 01:01:29,110 --> 01:01:35,760 5th, and 6th of 2025 and the beautiful city of Dallas, TX. 996 01:01:36,040 --> 01:01:39,480 Guys, Bitlock Boom is the event of the year that you want to go 997 01:01:39,480 --> 01:01:43,200 to if you want to go to the perfect Bitcoin conference where 998 01:01:43,200 --> 01:01:46,520 it's not so large or you get lost in the sauce. 999 01:01:46,520 --> 01:01:50,920 It's the right size that you have the ability to network with 1000 01:01:51,040 --> 01:01:53,560 either the fellow Bitcoiner, Bitcoin companies that you want 1001 01:01:53,560 --> 01:01:56,280 to work with, or some of your favorite Bitcoiners. 1002 01:01:56,440 --> 01:02:00,880 The entire Simply Bitcoin crew is going to be there Nico opti 1003 01:02:00,880 --> 01:02:06,960 rustin Dante, Jacob, Sophie, our whole zoomer crew is going to be 1004 01:02:06,960 --> 01:02:09,680 there as well guys, you definitely don't want to miss 1005 01:02:09,800 --> 01:02:14,080 one of the best Bitcoin conferences of the year bit 1006 01:02:14,080 --> 01:02:23,040 block boom 2025 and if you use promo code BBB 21 again BBB 21, 1007 01:02:23,240 --> 01:02:27,160 you get $100 off of your tickets all right. 1008 01:02:27,200 --> 01:02:31,160 I do want to take advantage of the fact that we got the goat of 1009 01:02:31,160 --> 01:02:33,000 sovereign computing in the house. 1010 01:02:33,080 --> 01:02:39,040 Opti air horns, please. Matt Hale in the house joining 1011 01:02:39,040 --> 01:02:40,840 us. Matt, how you doing? 1012 01:02:40,840 --> 01:02:44,840 I just want to go through the results of the poll. 1013 01:02:45,600 --> 01:02:53,520 I we asked everybody that we asked everybody an hour ago, 513 1014 01:02:53,520 --> 01:02:57,720 people voted. I ask, do you run a Bitcoin 1015 01:02:57,720 --> 01:03:04,120 node? 74% of you guys said no. 26% of 1016 01:03:04,120 --> 01:03:07,080 you guys said yes. I'm going to end the poll right 1017 01:03:07,080 --> 01:03:11,360 there, Matt. Why do you think people should 1018 01:03:11,480 --> 01:03:16,080 run a node? OK, yeah, that's that's pretty 1019 01:03:16,080 --> 01:03:18,960 bad. So I'll start off by saying that 1020 01:03:18,960 --> 01:03:22,680 not everyone should run a node. Let's just be clear about that, 1021 01:03:22,680 --> 01:03:29,760 that if you are holding your money on Coinbase and you know 1022 01:03:29,760 --> 01:03:34,480 you're buying Bitcoin as a short term or medium term investment, 1023 01:03:34,920 --> 01:03:40,000 or you're buying the ETF, for example, or, you know, even if 1024 01:03:40,000 --> 01:03:42,720 you're just throwing some Bitcoin and cold storage and 1025 01:03:42,720 --> 01:03:47,720 holding it, you know, deciding to look away for 1520 years, you 1026 01:03:47,720 --> 01:03:50,360 don't need to run a node. None of those scenarios apply to 1027 01:03:50,360 --> 01:03:54,040 you. A node implies participation in 1028 01:03:54,040 --> 01:03:57,840 the Bitcoin network. It's not just about owning 1029 01:03:57,840 --> 01:04:03,160 Bitcoin or speculating on Bitcoin or even holding it in in 1030 01:04:03,160 --> 01:04:05,800 cold stores that that likewise does not require a node. 1031 01:04:06,160 --> 01:04:10,080 A node is using Bitcoin, right? And not just using it in terms 1032 01:04:10,080 --> 01:04:16,360 of like sending or receiving, but using it in terms of having 1033 01:04:16,360 --> 01:04:19,800 a say in the network. OK, so running a node is the 1034 01:04:19,800 --> 01:04:24,160 equivalent of being a citizen. If you want to be a citizen, 1035 01:04:24,440 --> 01:04:28,080 that term doesn't really apply, but it's probably the closest 1036 01:04:28,080 --> 01:04:32,000 term that we have, you know, analogous to the the prior 1037 01:04:32,000 --> 01:04:35,280 world, a member, a node, a citizen. 1038 01:04:35,280 --> 01:04:37,560 If you want to participate, if you want to have any say 1039 01:04:37,560 --> 01:04:43,200 whatsoever in the Bitcoin network and in the consensus 1040 01:04:43,200 --> 01:04:45,840 rules of the protocol, you need to run a node. 1041 01:04:46,560 --> 01:04:50,120 So there are three benefits to somebody, to an individual for 1042 01:04:50,120 --> 01:04:52,760 running a node. And these are not, you know, we 1043 01:04:52,760 --> 01:04:56,320 get a lot of people who show up and they say I want to run a 1044 01:04:56,320 --> 01:04:58,520 Bitcoin node because I want to, I want to help the network. 1045 01:04:58,520 --> 01:04:59,880 I want to make the network stronger. 1046 01:05:00,440 --> 01:05:03,440 And we don't preach that because that's really not true. 1047 01:05:03,480 --> 01:05:06,480 When you when you run a Bitcoin node, you are not necessarily 1048 01:05:06,800 --> 01:05:08,720 helping make the network stronger. 1049 01:05:08,720 --> 01:05:10,920 You might be. It really depends on what you do 1050 01:05:10,920 --> 01:05:14,960 with the node. So what we focus on instead are 1051 01:05:14,960 --> 01:05:18,200 the provable benefits of running a Bitcoin node. 1052 01:05:18,280 --> 01:05:19,640 And again, it's not for everybody. 1053 01:05:19,640 --> 01:05:22,280 It is for some people. And for those of you who are 1054 01:05:22,280 --> 01:05:24,400 interested in running a Bitcoin node, here is why you would want 1055 01:05:24,400 --> 01:05:28,120 to do it. Number one is it guarantees your 1056 01:05:28,160 --> 01:05:30,840 access to the network, to the Bitcoin network. 1057 01:05:31,280 --> 01:05:35,040 If you run your own node, then it means that you can send and 1058 01:05:35,040 --> 01:05:40,360 receive transactions through the Bitcoin network without having 1059 01:05:40,360 --> 01:05:45,280 to depend on anyone or ask anyone for permission to do so. 1060 01:05:45,280 --> 01:05:50,000 You you have unfettered, free, permissionless access to the 1061 01:05:50,000 --> 01:05:54,880 Bitcoin network in order to send and receive transactions #2 is 1062 01:05:54,880 --> 01:05:59,640 that you can independently verify the transactions that you 1063 01:05:59,640 --> 01:06:01,960 receive. So if somebody sends you money, 1064 01:06:02,280 --> 01:06:05,480 you can effectively check that money to see if it is 1065 01:06:05,480 --> 01:06:09,280 counterfeit without asking anyone else. 1066 01:06:09,280 --> 01:06:15,400 Your node is your truth Sayer. Your node is the thing that you 1067 01:06:15,400 --> 01:06:17,560 turn to and say, hey, is that money real? 1068 01:06:17,880 --> 01:06:20,160 And the node says, yes, it is real. 1069 01:06:20,720 --> 01:06:23,960 Whereas if you are not using your own node, you are actually 1070 01:06:23,960 --> 01:06:27,960 turning to whatever wallet provider you're using or to 1071 01:06:27,960 --> 01:06:32,000 Coinbase or something else and saying, hey, is that money real? 1072 01:06:32,200 --> 01:06:34,840 And they are telling you whether it is real or not. 1073 01:06:34,840 --> 01:06:39,800 And they can lie, OK, whether it's a scam or some sort of a 1074 01:06:40,200 --> 01:06:43,280 sting operation or whatever it happens to be, you are 1075 01:06:43,280 --> 01:06:47,040 absolutely trusting another human being to tell you the 1076 01:06:47,040 --> 01:06:50,000 truth or not when it comes to your own money. 1077 01:06:50,640 --> 01:06:54,840 And so running your own node makes you 100% independent in 1078 01:06:54,840 --> 01:07:00,760 that regard. And then the if you are running 1079 01:07:00,760 --> 01:07:03,720 your own node, you get to vote on what the rules of the network 1080 01:07:03,760 --> 01:07:06,280 are. So you run whichever node 1081 01:07:06,280 --> 01:07:09,200 implementation you want. For instance, there's BTCD, 1082 01:07:09,200 --> 01:07:12,760 there's Bitcoin D, there's Bitcoin knots, and each of these 1083 01:07:12,760 --> 01:07:16,320 are slightly different flavors of the Bitcoin protocol. 1084 01:07:16,320 --> 01:07:19,960 They are all adhering to the same consensus rules, but they 1085 01:07:19,960 --> 01:07:21,480 do it in a slightly different ways. 1086 01:07:21,480 --> 01:07:24,280 For instance, Bitcoin knots, which is something that is 1087 01:07:24,280 --> 01:07:27,800 available for start OS and that you can run, has different mem 1088 01:07:27,800 --> 01:07:33,000 pool policies where it will refuse to relay or acknowledge 1089 01:07:33,160 --> 01:07:38,920 transactions that do not conform to what it defines as a as a 1090 01:07:38,920 --> 01:07:41,000 proper transaction. Meaning a transaction of 1091 01:07:41,000 --> 01:07:44,040 monetary sending and receiving money. 1092 01:07:44,280 --> 01:07:48,240 Anything that contains excessive data or an ordinal for instance 1093 01:07:48,240 --> 01:07:50,760 would be filtered from your mempool. 1094 01:07:50,800 --> 01:07:54,960 Now while you might not single handedly change the way everyone 1095 01:07:54,960 --> 01:07:58,160 uses Bitcoin, it does function as your vote. 1096 01:07:58,480 --> 01:08:02,640 So while Bitcoin is a decentralized consensus network, 1097 01:08:04,240 --> 01:08:08,960 by running a node you get to at least vocalize and enforce what 1098 01:08:08,960 --> 01:08:12,840 you think Bitcoin should be. And so if you then convince a 1099 01:08:12,840 --> 01:08:18,479 lot of other people to run that same fork or software or 1100 01:08:18,479 --> 01:08:26,439 implementation, then you have now decided what Bitcoin is. 1101 01:08:26,920 --> 01:08:29,680 It is your vote on the network. Now, like I said, not everyone 1102 01:08:29,680 --> 01:08:34,000 wants to vote and not everyone needs to be independent. 1103 01:08:34,000 --> 01:08:38,040 Some people are fine being dependents and trusting other 1104 01:08:38,040 --> 01:08:40,600 people whether they're trustworthy or not, and some 1105 01:08:40,600 --> 01:08:43,160 people are fine not voting and letting other people vote on 1106 01:08:43,160 --> 01:08:47,040 their behalf. But more and more we are seeing 1107 01:08:47,040 --> 01:08:50,760 people who want to vote, who want to be heard, who want to 1108 01:08:50,760 --> 01:08:54,439 say what they think Bitcoin is, and who want to be independent 1109 01:08:54,439 --> 01:08:59,279 humans who can transact without permission from trusted third 1110 01:08:59,279 --> 01:09:01,520 parties. So that is why you run a node. 1111 01:09:01,520 --> 01:09:06,399 Now, the more people that do that, the more people that run 1112 01:09:06,399 --> 01:09:10,520 nodes, the healthier the network is, the more decentralized the 1113 01:09:10,520 --> 01:09:12,680 network is, the more resilient the network is. 1114 01:09:12,960 --> 01:09:16,399 So if you are running a node and if you are using that node to 1115 01:09:16,399 --> 01:09:19,640 cast your vote and to send and receive transactions, then yes, 1116 01:09:19,640 --> 01:09:24,680 you are 100% helping the Bitcoin network be more decentralized 1117 01:09:24,920 --> 01:09:28,080 and resilient. But if you are running a Bitcoin 1118 01:09:28,080 --> 01:09:31,720 node in the sense that you plug it in, click start, put it on 1119 01:09:31,720 --> 01:09:34,399 the shelf, and then you never use it and you never pay 1120 01:09:34,399 --> 01:09:38,120 attention to it, then you are not in any way helping the 1121 01:09:38,120 --> 01:09:40,040 Bitcoin network. You're Larping. 1122 01:09:41,080 --> 01:09:43,000 And so that's it. That's that's why you'd want to 1123 01:09:43,120 --> 01:09:46,359 learn a Bitcoin node. It's for it's for the people who 1124 01:09:47,160 --> 01:09:50,120 who want to be activists, who and who want to be independent. 1125 01:09:50,880 --> 01:09:55,360 And one that I love that you guys do, Matt and someone asked 1126 01:09:55,360 --> 01:09:57,440 us in the chat and do you want to highlight this? 1127 01:09:59,880 --> 01:10:04,160 There we go. Could you ask Matt if they have 1128 01:10:04,160 --> 01:10:07,720 any partners in the EU? Yes, I'm going to get to that in 1129 01:10:07,720 --> 01:10:11,240 a second. So yes, if you guys go to 1130 01:10:11,240 --> 01:10:16,880 store.start9.com right now, you do have a Black Friday sale, is 1131 01:10:16,880 --> 01:10:19,200 that correct, Matt? Yep, still going on. 1132 01:10:19,480 --> 01:10:23,480 Still going. On you will get a nice discount 1133 01:10:23,480 --> 01:10:25,320 off the server PO. We're going to talk about that 1134 01:10:25,320 --> 01:10:28,280 in a second, but you're based out of Europe. 1135 01:10:28,840 --> 01:10:35,680 You can use these third parties to purchase their servers, the 1136 01:10:35,680 --> 01:10:39,240 start 9 servers locally. So again guys, head over to 1137 01:10:39,240 --> 01:10:43,000 start 9.com definitely want to take advantage of the Black 1138 01:10:43,000 --> 01:10:48,400 Friday 21% off server pure sale. And again, I'm assuming that 1139 01:10:48,400 --> 01:10:52,360 goes on till tomorrow. But guys, so Matt just gave this 1140 01:10:52,600 --> 01:10:56,840 beautiful explanation as to why you should run a node depending 1141 01:10:56,840 --> 01:11:01,280 on your situation. And one of the awesome things 1142 01:11:01,280 --> 01:11:05,680 that I love about Matt's products about what Start 9 does 1143 01:11:06,160 --> 01:11:10,240 is the, it's, it's a plug and play solution. 1144 01:11:10,240 --> 01:11:16,200 So you guys have focused on this amazing operating system for 1145 01:11:16,200 --> 01:11:21,520 servers and you guys make it so easy that I, I can even use it. 1146 01:11:21,520 --> 01:11:27,520 I'm totally 100% media focused. My, my, my specialty is media. 1147 01:11:27,520 --> 01:11:31,640 My specialty is engagement. My, my specialty is how to make 1148 01:11:31,640 --> 01:11:34,120 things go viral. That's what I specialize in, 1149 01:11:34,400 --> 01:11:36,880 right? It's not that I don't, I, I 1150 01:11:36,880 --> 01:11:39,160 don't, I just don't have the time, right? 1151 01:11:39,160 --> 01:11:41,360 I don't have the time. And I remember having this 1152 01:11:41,360 --> 01:11:45,960 conversation on the floor of Bitcoin 2022 and I was like, 1153 01:11:45,960 --> 01:11:50,160 Matt, listen, I'm like travelling and I want to connect 1154 01:11:50,360 --> 01:11:53,280 my Electrum wallet because I'm so an Electrum junkie. 1155 01:11:53,280 --> 01:11:55,520 I haven't switched. I do have Sparrow, but I liked 1156 01:11:55,520 --> 01:11:59,560 Electrum and I want to connect to my Electrum wallet remotely, 1157 01:12:00,040 --> 01:12:02,320 you know, And then like everything that I've seen 1158 01:12:02,320 --> 01:12:06,720 before, it was like a 15 minute video on YouTube that was like 1159 01:12:06,720 --> 01:12:08,760 highly complex. It was like difficult for me to 1160 01:12:08,760 --> 01:12:12,040 like, you know, like if I would have spent a couple hours, I 1161 01:12:12,040 --> 01:12:13,120 think I would have figured it out. 1162 01:12:13,120 --> 01:12:14,760 But I was like, dude, I don't have time for that. 1163 01:12:15,520 --> 01:12:20,760 And then here comes along, you know, the, the server pier, I 1164 01:12:20,760 --> 01:12:24,880 bought the 1st edition, I got the, the Madex box and 1165 01:12:24,880 --> 01:12:26,680 everything. I think I bought one of the 1st 1166 01:12:26,680 --> 01:12:31,120 100 and I, and I have not stopped using it since. 1167 01:12:31,400 --> 01:12:36,160 And essentially, not only does it make setting up a Bitcoin 1168 01:12:36,160 --> 01:12:41,640 node easy to do, you benefit from all the security. 1169 01:12:41,640 --> 01:12:43,840 It's completely open source the device. 1170 01:12:44,280 --> 01:12:46,480 Matt, I'm going to ask you some questions about the server Pier 1171 01:12:46,480 --> 01:12:49,720 because you guys went above and beyond to make sure that the 1172 01:12:49,720 --> 01:12:53,320 device doesn't have any kind of back doors or any type of 1173 01:12:53,320 --> 01:12:55,880 programs on there that there shouldn't be. 1174 01:12:55,880 --> 01:12:59,520 You guys put in the extra effort, but you guys could 1175 01:12:59,520 --> 01:13:03,200 purchase this device. You can plug it in, put an 1176 01:13:03,200 --> 01:13:04,880 Ethernet cable. I believe you can connect 1177 01:13:04,880 --> 01:13:08,280 through Wi-Fi as well. And boom, you you start running 1178 01:13:08,280 --> 01:13:11,440 your own Bitcoin node. But this isn't just a node. 1179 01:13:11,440 --> 01:13:14,800 This is a server. So it has a bunch of other apps 1180 01:13:14,800 --> 01:13:18,400 on there as well. Has the Electrum server, has a 1181 01:13:18,400 --> 01:13:23,480 file, a cloud server file app, which is really cool, has a 1182 01:13:23,480 --> 01:13:27,640 nostril relay, has a bunch of things that are really awesome 1183 01:13:27,640 --> 01:13:30,400 and interesting. And the way that I've been kind 1184 01:13:30,400 --> 01:13:34,680 of comprehending this and going down this sovereign computing 1185 01:13:34,680 --> 01:13:39,160 rabbit hole, if you may, is the vast majority of, if you're 1186 01:13:39,160 --> 01:13:42,240 using Google Cloud, what you're really doing is you're 1187 01:13:42,240 --> 01:13:44,360 connecting to Google's computers. 1188 01:13:44,840 --> 01:13:49,720 How badass would it be if instead of connecting to 1189 01:13:49,880 --> 01:13:54,960 Google's computers, you connect to your own computer at home 1190 01:13:55,360 --> 01:14:01,320 that has your files, it has your pictures like Matt was telling 1191 01:14:01,320 --> 01:14:03,880 me about like, you know, you guys know the Blink camera from 1192 01:14:03,880 --> 01:14:08,480 Amazon, like or you know, those like the doorbell cameras or 1193 01:14:08,480 --> 01:14:10,720 whatever. And those all connect through 1194 01:14:10,720 --> 01:14:12,400 the cloud. And what happens when you 1195 01:14:12,400 --> 01:14:15,840 connect to the cloud is that you're trusting back this back 1196 01:14:15,840 --> 01:14:18,960 to this idea of trust. You're trusting someone else's 1197 01:14:19,560 --> 01:14:22,960 computer, which is very bad, especially it's a lot of trust 1198 01:14:22,960 --> 01:14:25,520 that you're putting that person. They don't really have a great 1199 01:14:25,520 --> 01:14:28,520 track record of giving them that much trust. 1200 01:14:29,560 --> 01:14:32,600 What happened if we live in a world where you didn't have to 1201 01:14:32,600 --> 01:14:36,440 trust someone else's computer, all you had to do is trust your 1202 01:14:36,440 --> 01:14:38,880 own computer. And one of the awesome things 1203 01:14:38,880 --> 01:14:43,920 too that Start 9 has is it has this like peer-to-peer 1204 01:14:43,920 --> 01:14:47,440 messaging. So even Signal, which is dope. 1205 01:14:47,440 --> 01:14:49,640 I like Signal, right? But you still have to trust 1206 01:14:49,640 --> 01:14:51,680 them. And essentially the way it works 1207 01:14:51,680 --> 01:14:54,120 is you send a message, Let's say I send a message to Matt. 1208 01:14:54,480 --> 01:14:56,720 I'm like, yo, Matt, here's my private key. 1209 01:14:56,720 --> 01:14:59,040 Blah. Matt's like, why did you do 1210 01:14:59,040 --> 01:15:00,520 that, Nico? That's a bad idea. 1211 01:15:00,720 --> 01:15:03,600 But I'm just, I'm just, I'm just talking about it for the sake of 1212 01:15:03,600 --> 01:15:07,560 the video. I'm like, yo, Matt, here's a 1213 01:15:07,560 --> 01:15:11,240 message. It still goes for me to signal 1214 01:15:11,560 --> 01:15:14,040 to Matt, right? And you have to trust that 1215 01:15:14,040 --> 01:15:16,880 signals, you know, doing good things. 1216 01:15:17,720 --> 01:15:21,360 The awesome part about that these computers is essentially, 1217 01:15:21,360 --> 01:15:23,440 imagine me sending a message to Matt. 1218 01:15:24,320 --> 01:15:28,520 I don't have to send it to the signal server signal computer 1219 01:15:28,520 --> 01:15:31,400 anymore. I could send it from my start 9, 1220 01:15:31,400 --> 01:15:36,920 my server Pier directly to Matt's server Pier compute, 1221 01:15:36,920 --> 01:15:39,320 completely removing that middleman. 1222 01:15:39,880 --> 01:15:42,760 And I really believe that computing is going in this 1223 01:15:42,760 --> 01:15:44,920 direction. I think we're in the infancy of 1224 01:15:44,920 --> 01:15:49,640 it, but the really the realization like the aha moment 1225 01:15:49,640 --> 01:15:53,800 that I had was not only playing with all the apps that you guys 1226 01:15:53,800 --> 01:15:57,600 have on the server, Pier App Store or I don't know if that's 1227 01:15:57,600 --> 01:15:59,520 the correct term. I'm sorry, Matt, don't hate me, 1228 01:16:00,680 --> 01:16:04,280 but the marketplace, the app marketplace that you guys have 1229 01:16:05,200 --> 01:16:10,960 and I'm seeing all these apps that currently exist, but 1230 01:16:10,960 --> 01:16:15,880 they're in the form of of cloud like you are trusting someone 1231 01:16:15,880 --> 01:16:19,520 else's computer. So it's about self hosting your 1232 01:16:19,520 --> 01:16:22,520 own pictures, self hosting your own backup. 1233 01:16:22,920 --> 01:16:26,600 And what's really cool is that you can access those backups 1234 01:16:26,880 --> 01:16:29,320 anywhere around the world through Tor. 1235 01:16:29,560 --> 01:16:33,560 And I know that you guys have been working on clear net 1236 01:16:33,560 --> 01:16:37,200 accessibility as well. So it's really, really 1237 01:16:37,200 --> 01:16:42,000 interesting. The start 9 servers are just not 1238 01:16:42,000 --> 01:16:45,080 a Bitcoin node. That's the that's the Trojan 1239 01:16:45,080 --> 01:16:48,880 horse the way that I see it. And I highly recommend it if 1240 01:16:48,880 --> 01:16:50,960 you're if you want to run a Bitcoin node and I highly 1241 01:16:50,960 --> 01:16:54,120 suggest you get it. You, you, you, you, you get on 1242 01:16:54,120 --> 01:16:57,680 that. But they also open the door to 1243 01:16:57,680 --> 01:17:02,360 all this other capabilities that are just beginning, and they're 1244 01:17:02,360 --> 01:17:06,880 super freaking cool. And this is all about kind of 1245 01:17:06,880 --> 01:17:11,880 the general theme of today's show of taking back your 1246 01:17:11,880 --> 01:17:15,600 sovereignty, right? Stop trusting else. 1247 01:17:15,600 --> 01:17:17,400 Stop trusting someone else's money. 1248 01:17:17,880 --> 01:17:22,000 Start doing your own research. Stop outsourcing, you know your 1249 01:17:22,000 --> 01:17:25,880 information. Stop outsourcing your computing. 1250 01:17:26,240 --> 01:17:28,920 And this is all what sovereign computing is all about. 1251 01:17:28,920 --> 01:17:31,720 This is what the Start 9 is all about, Matt. 1252 01:17:32,240 --> 01:17:34,800 I'm sorry if I butchered it, but that's been my personal 1253 01:17:35,400 --> 01:17:40,360 experience with the Start 9 and with interacting with you over 1254 01:17:40,360 --> 01:17:44,080 these last couple of years. And it's been so cool to kind of 1255 01:17:44,080 --> 01:17:47,080 witness how this thing is being built out. 1256 01:17:47,080 --> 01:17:51,920 And I just see this 5-10 years into the future and I see a 1257 01:17:51,920 --> 01:17:56,280 world where so at least a significant percent of the 1258 01:17:56,280 --> 01:18:00,560 population are running these bad boys at home and they're talking 1259 01:18:00,560 --> 01:18:04,800 directly to each other versus going through, you know, these 1260 01:18:04,880 --> 01:18:09,920 these giant server farms. That was that was pretty good 1261 01:18:09,920 --> 01:18:13,120 for, you know, and it's not something you do as your job. 1262 01:18:15,320 --> 01:18:19,160 So I, I have a lot of practice doing the, the high level kind 1263 01:18:19,160 --> 01:18:20,720 of pitch. That was great. 1264 01:18:20,920 --> 01:18:23,880 Thank you. You know, it's, it's, it's 1265 01:18:23,880 --> 01:18:29,920 really a lot to take in, mostly because people have no idea how 1266 01:18:29,920 --> 01:18:33,360 computers work. You know, computers are very 1267 01:18:33,360 --> 01:18:37,760 magic for most people, and that's because they're so new. 1268 01:18:38,000 --> 01:18:42,480 You know, I, when I was a young kid, there was no Internet. 1269 01:18:43,800 --> 01:18:49,120 It's like, and I'm not that old. So this is very, very new. 1270 01:18:49,720 --> 01:18:54,600 In fact, personal computers were only really coming into 1271 01:18:54,600 --> 01:18:56,560 existence around when I was born. 1272 01:18:56,560 --> 01:19:00,800 I mean, I was 85, but personal computers weren't really a thing 1273 01:19:00,800 --> 01:19:03,480 until the late 70s, early 80s. I mean, yeah, they were kind of 1274 01:19:03,480 --> 01:19:07,680 around, but not not wide adoption until until, you know, 1275 01:19:07,680 --> 01:19:11,960 the early 80s when when like the Apple two and and Windows came 1276 01:19:11,960 --> 01:19:16,160 out. So computers as we understand 1277 01:19:16,160 --> 01:19:20,040 that word today is like this brand new thing in human 1278 01:19:20,040 --> 01:19:26,240 history, and it is way ahead. The technology of computers are 1279 01:19:26,240 --> 01:19:30,960 way ahead of our understanding of computers, not only for the 1280 01:19:30,960 --> 01:19:35,440 layman, but even from a kind of philosophic perspective, like 1281 01:19:35,440 --> 01:19:41,280 what role do computers play in, in, in society and to a human 1282 01:19:41,280 --> 01:19:43,400 life? These are questions that still 1283 01:19:43,400 --> 01:19:47,160 have not been answered or understood and probably won't be 1284 01:19:47,160 --> 01:19:49,920 for a while. And there's a lot of people that 1285 01:19:50,200 --> 01:19:53,160 take for granted the existence of the computers and, and 1286 01:19:53,160 --> 01:19:57,120 they're functioning and kind of think it's how it's going to be 1287 01:19:58,080 --> 01:20:02,640 that, you know, computing has reached its final form. 1288 01:20:03,200 --> 01:20:06,320 And all that's left to change are, is the nature of the 1289 01:20:06,320 --> 01:20:07,680 devices. So now we're going to have 1290 01:20:07,680 --> 01:20:11,360 glasses and goggles and eventually just like holographs 1291 01:20:11,360 --> 01:20:14,200 that we interact with. But that the underlying nature 1292 01:20:14,200 --> 01:20:17,720 of computing itself, namely the flow of information and the 1293 01:20:17,720 --> 01:20:20,720 security models are hardened and, and stable. 1294 01:20:20,720 --> 01:20:22,360 And they're not, they're not at all. 1295 01:20:23,400 --> 01:20:26,720 Since the beginning of computing and that, you know, personal 1296 01:20:26,720 --> 01:20:29,880 computing in the 70s, there's been a couple of revolutions, 1297 01:20:29,880 --> 01:20:31,880 right? So the initial one was that what 1298 01:20:31,880 --> 01:20:34,800 we call the personal computing revolution, which was, you know, 1299 01:20:34,840 --> 01:20:39,200 now everyone can have a computer at home and it is siloed and 1300 01:20:39,200 --> 01:20:41,800 isolated. It's a local computing device. 1301 01:20:41,960 --> 01:20:46,160 It's not connected on a network. It just kind of enables you to 1302 01:20:46,520 --> 01:20:51,760 have a more more powerful brain for computation and to do like 1303 01:20:51,760 --> 01:20:53,960 word processing and spreadsheets and stuff like that. 1304 01:20:54,520 --> 01:20:57,680 And, and then we had the the Internet revolution, which is 1305 01:20:57,680 --> 01:21:02,240 where now these computers could talk to each other on a mostly 1306 01:21:02,480 --> 01:21:08,040 decentralized network. And this was amazing because now 1307 01:21:08,040 --> 01:21:10,800 you weren't siloed in your home with this computer is that your 1308 01:21:10,800 --> 01:21:12,240 computer could talk to other computers. 1309 01:21:12,240 --> 01:21:16,240 And so it connected the world in a way that it never had been 1310 01:21:16,240 --> 01:21:18,080 before. It was a massive revolution and 1311 01:21:18,080 --> 01:21:20,200 it revolutionized almost every industry. 1312 01:21:21,040 --> 01:21:25,400 We can't state strongly enough how impactful the Internet was 1313 01:21:25,400 --> 01:21:30,160 to the nature of society and economies on earth. 1314 01:21:30,760 --> 01:21:33,840 And then you had this another revolution, which was the cloud 1315 01:21:34,520 --> 01:21:38,240 computing revolution, which essentially meant that a few 1316 01:21:39,440 --> 01:21:45,080 very, very powerful, very well resourced companies decided that 1317 01:21:45,080 --> 01:21:47,160 they were going to run the computer for everyone. 1318 01:21:47,280 --> 01:21:50,680 That they were going to run a giant computer sort of in the 1319 01:21:50,680 --> 01:21:54,000 middle, and that everyone was going to, instead of connecting 1320 01:21:54,000 --> 01:21:57,400 to each other at the edges of the network, that everyone was 1321 01:21:57,400 --> 01:22:00,920 going to connect through their computer to each other. 1322 01:22:01,360 --> 01:22:05,800 All right, Essentially we introduced giant middle men into 1323 01:22:05,800 --> 01:22:10,560 the computing architecture. And this wasn't some evil plot, 1324 01:22:10,720 --> 01:22:13,000 though there may have been some malintent from the beginning, 1325 01:22:13,000 --> 01:22:16,440 but it wasn't some evil plot to kind of like control computing. 1326 01:22:16,800 --> 01:22:21,120 It came about very naturally because running these computers 1327 01:22:21,120 --> 01:22:26,880 and keeping them connected on a network healthily, you know, bug 1328 01:22:26,880 --> 01:22:31,160 free was difficult. It's sort of like maintenance in 1329 01:22:31,160 --> 01:22:33,600 your own car, right? Getting under the hood of your 1330 01:22:33,600 --> 01:22:36,320 own car. It was infeasible for a lot of 1331 01:22:36,320 --> 01:22:38,640 people, especially since the technology was so new. 1332 01:22:38,800 --> 01:22:42,720 Nobody had learned it in school. And so these large central 1333 01:22:42,720 --> 01:22:47,480 institutions like Apple, Google, Amazon, Microsoft, they said, 1334 01:22:47,480 --> 01:22:49,360 OK, you guys don't have to learn anything. 1335 01:22:49,480 --> 01:22:52,480 We will do it for you, right? We will take care of you. 1336 01:22:52,480 --> 01:22:56,120 Don't worry children of the world, we will run the computers 1337 01:22:56,600 --> 01:22:59,360 for you and we will just give you all remote controls. 1338 01:22:59,600 --> 01:23:02,720 And we'll make those remote controls like really sexy and 1339 01:23:02,720 --> 01:23:04,800 easy to use with nice big buttons. 1340 01:23:05,080 --> 01:23:07,720 And every button that you push will actually just be sending a 1341 01:23:07,720 --> 01:23:10,280 signal to our computer that'll do all the processing, all the 1342 01:23:10,280 --> 01:23:13,240 data storage, and all the networking so that you don't 1343 01:23:13,240 --> 01:23:16,440 have to do it. And this took, this took hard 1344 01:23:16,440 --> 01:23:20,480 because people love a convenient world and they gave it away for 1345 01:23:20,480 --> 01:23:23,000 free basically as mostly as a snare. 1346 01:23:23,000 --> 01:23:25,240 OK, we're starting to see that now. 1347 01:23:26,160 --> 01:23:28,600 But this is the computing model that dominates planet Earth 1348 01:23:28,600 --> 01:23:30,800 right now is what we call cloud computing. 1349 01:23:31,360 --> 01:23:34,120 And it basically means that everyone is holding remote 1350 01:23:34,120 --> 01:23:36,040 controls. Your laptop, your cell phone, 1351 01:23:36,040 --> 01:23:39,760 your tablet, your car, all these things are just remote controls 1352 01:23:39,960 --> 01:23:43,120 that are remotely operating, giant server farms that are 1353 01:23:43,120 --> 01:23:48,360 owned, operated and controlled by an increasingly small number 1354 01:23:48,360 --> 01:23:50,520 of very, very powerful corporations. 1355 01:23:52,120 --> 01:23:54,560 And a lot of people take for granted that this is the nature 1356 01:23:54,560 --> 01:23:56,800 of computing, that this is how humans are going to compute. 1357 01:23:57,240 --> 01:24:02,360 Our stance is that this is fundamentally flawed, that the 1358 01:24:02,360 --> 01:24:06,520 nature of this is not only economically inefficient because 1359 01:24:06,520 --> 01:24:10,680 it fundamentally involves middle men who have to take a cut. 1360 01:24:10,680 --> 01:24:14,200 So it's going to always be more expensive than another model, 1361 01:24:14,520 --> 01:24:20,160 but it's also insecure. It also must, must result in 1362 01:24:20,160 --> 01:24:23,040 abuse of power. Because when you give, as we 1363 01:24:23,040 --> 01:24:26,160 talked about earlier, an institution, enormous amounts of 1364 01:24:26,280 --> 01:24:30,400 control, enormous amounts of power, even if it is not evil at 1365 01:24:30,400 --> 01:24:34,840 first, after there's a few turnover of humans who are in 1366 01:24:34,840 --> 01:24:37,640 charge of it, it will eventually attract the worst of the worst. 1367 01:24:37,640 --> 01:24:45,160 And they will use that position to extort, to spy, to control, 1368 01:24:45,840 --> 01:24:48,800 and ultimately you'll, you end up with the merger of these 1369 01:24:48,800 --> 01:24:50,760 giant corporations and governments and you end up with 1370 01:24:50,760 --> 01:24:52,480 tyranny. And we're already seeing this, 1371 01:24:52,480 --> 01:24:56,240 OK, this is not some, some pie in the sky idea or futuristic 1372 01:24:56,240 --> 01:24:59,360 scenario or conspiracy theory. This is how it works. 1373 01:24:59,720 --> 01:25:01,920 And, and we're seeing it play out in real time. 1374 01:25:02,480 --> 01:25:06,360 And so our stance from a very high level philosophic stance is 1375 01:25:06,360 --> 01:25:10,840 that cloud computing must die. It, it, it is a horrible idea. 1376 01:25:10,840 --> 01:25:14,440 It's it's a terrible, terrible idea that came about through 1377 01:25:14,440 --> 01:25:21,080 naivete and expediency and convenience and that it will 1378 01:25:21,080 --> 01:25:24,440 live a very short life. This is not going to be a multi 1379 01:25:24,480 --> 01:25:26,840 multi decade battle. As I stated before, for the 1380 01:25:26,840 --> 01:25:29,880 battle of money and for decentralization in general, the 1381 01:25:29,880 --> 01:25:32,880 battle over cloud computing is going to be short lived because 1382 01:25:32,880 --> 01:25:35,680 it's that bad. It's a disaster. 1383 01:25:35,680 --> 01:25:39,760 OK, it's only been in existence for about 15 years. 1384 01:25:40,080 --> 01:25:44,720 That's nothing, nothing, right? A child born to 15, there's 1385 01:25:44,720 --> 01:25:48,080 still a child. Cloud computing is a child and 1386 01:25:48,080 --> 01:25:53,600 it is a ruthless, horrible child and it it cannot be allowed to 1387 01:25:54,880 --> 01:25:57,600 continue to adulthood. I hated that analogy because 1388 01:25:57,600 --> 01:25:59,960 children are wonderful. It's a bad we're. 1389 01:25:59,960 --> 01:26:01,440 Not talking about we. Created. 1390 01:26:01,440 --> 01:26:03,880 It's an evil demon. We're not talking about 1391 01:26:03,880 --> 01:26:05,840 children. This is analogies. 1392 01:26:06,240 --> 01:26:08,040 Your YouTube Matt. Matt. 1393 01:26:08,080 --> 01:26:11,600 Not a real child. Is we're talking about 1394 01:26:11,600 --> 01:26:15,520 analogies? It's a disaster. 1395 01:26:15,800 --> 01:26:20,120 It was a horrible idea, OK, And a lot of people made a lot of 1396 01:26:20,120 --> 01:26:22,280 money off of this idea. And you know what? 1397 01:26:22,480 --> 01:26:25,160 We benefited to a degree too, because it taught us what is 1398 01:26:25,160 --> 01:26:27,520 possible. It was a glimpse of the 1399 01:26:27,520 --> 01:26:31,840 connected nature of the world. Cloud computing is a wonderful 1400 01:26:31,840 --> 01:26:34,000 convenience. I'm able to take a picture on my 1401 01:26:34,000 --> 01:26:35,960 phone and look at it on my computer. 1402 01:26:35,960 --> 01:26:37,880 Oh my God, that's amazing, right? 1403 01:26:38,480 --> 01:26:43,040 The problem is that it is based on extremely powerful 1404 01:26:43,040 --> 01:26:46,160 intermediaries. That's the problem. 1405 01:26:46,560 --> 01:26:52,800 And So what we have done is identified the primary reason 1406 01:26:52,880 --> 01:26:56,240 why these things came into existence in the 1st place is 1407 01:26:56,240 --> 01:27:01,360 also the primary means by which we can get rid of them, which is 1408 01:27:01,480 --> 01:27:06,400 to empower the individual to run these servers themselves, right? 1409 01:27:06,400 --> 01:27:10,040 These giant server farms came into existence because nobody 1410 01:27:10,040 --> 01:27:12,680 could do it. It required too many skills, too 1411 01:27:12,680 --> 01:27:17,360 much esoteric knowledge. And so we just outsourced it to 1412 01:27:17,480 --> 01:27:20,360 Apple, Google, Microsoft, Amazon, Oracle, and all the 1413 01:27:20,360 --> 01:27:24,320 rest. And so now to undo that, what we 1414 01:27:24,320 --> 01:27:28,360 have to do is make it easy for people to run their own servers. 1415 01:27:28,960 --> 01:27:31,600 And what I love about this is that it's not a network effect 1416 01:27:31,600 --> 01:27:35,440 problem. Not everyone needs to do this in 1417 01:27:35,440 --> 01:27:39,800 order for it to work for you. Even if nobody else in the world 1418 01:27:39,800 --> 01:27:44,600 is running their own server. If you are, you can just stop 1419 01:27:44,600 --> 01:27:47,960 using Apple, Google, Microsoft, Amazon for all your computing 1420 01:27:47,960 --> 01:27:51,760 needs and instead start using your own server that's running 1421 01:27:51,760 --> 01:27:54,120 in your own home or in a secure location. 1422 01:27:54,120 --> 01:27:57,320 We have there's a lot of nuanced questions about how to do this 1423 01:27:57,320 --> 01:28:01,160 properly, just like there is around Bitcoin and self custody. 1424 01:28:02,040 --> 01:28:06,000 And we have those answers, as do others in the community is you 1425 01:28:06,000 --> 01:28:08,880 run your own server and you are immediately garnering the 1426 01:28:08,880 --> 01:28:12,040 benefits of that, right? You are no longer being spied on 1427 01:28:12,040 --> 01:28:15,280 by these giant tech companies. You are no longer being shown 1428 01:28:15,280 --> 01:28:17,640 advertisements. You're no longer your data is no 1429 01:28:17,640 --> 01:28:22,960 longer being stolen and sold to everyone around the world. 1430 01:28:23,160 --> 01:28:25,720 There's no more terms and conditions to agree to. 1431 01:28:25,960 --> 01:28:29,480 There's no more monthly fees. When that server gets hacked, 1432 01:28:29,480 --> 01:28:32,600 which it eventually will, your data won't be on it and it won't 1433 01:28:32,600 --> 01:28:34,880 leak into the hands of hackers and scammers. 1434 01:28:35,240 --> 01:28:38,280 And so there's all these benefits to running your own 1435 01:28:38,280 --> 01:28:42,040 server even if nobody else is, and that's why it's going to 1436 01:28:42,040 --> 01:28:45,160 work is because it doesn't require everyone to agree on 1437 01:28:45,160 --> 01:28:46,400 this. Some people can listen to what 1438 01:28:46,400 --> 01:28:48,680 I'm saying and just feel like, what the fuck is he talking 1439 01:28:48,680 --> 01:28:50,240 about? Google works great. 1440 01:28:50,240 --> 01:28:52,880 Screw you, keep using Google, no big deal. 1441 01:28:52,880 --> 01:28:54,880 But there's somebody who's listening that's going to go, 1442 01:28:54,880 --> 01:28:58,360 oh, I probably should take control over my entire computing 1443 01:28:58,360 --> 01:29:02,440 life so that photos of my children and private financial 1444 01:29:02,440 --> 01:29:05,920 documents aren't sitting on some server that's charging me $15.00 1445 01:29:05,920 --> 01:29:08,040 a month and is eventually going to get hacked and leaked anyway, 1446 01:29:08,440 --> 01:29:09,720 right? There's somebody listening who's 1447 01:29:09,720 --> 01:29:11,080 going to go, OK, well, I'm going to do that. 1448 01:29:11,760 --> 01:29:15,480 And then again, like Bitcoin, the more people that do that, 1449 01:29:15,480 --> 01:29:19,520 the more people that take independent control over 1450 01:29:19,520 --> 01:29:22,480 themselves and their families, which is called being an adult. 1451 01:29:22,840 --> 01:29:26,400 The more people who do that, the healthier the world becomes. 1452 01:29:26,520 --> 01:29:29,760 We win in the marketplace. We don't have to ask politicians 1453 01:29:29,760 --> 01:29:32,120 for permission. We don't need to get laws 1454 01:29:32,120 --> 01:29:36,280 passed, None of that. This is just technology that 1455 01:29:36,280 --> 01:29:39,400 exists that you can run for yourself and your family. 1456 01:29:39,600 --> 01:29:42,720 And if enough people do it, we will tear down the cloud. 1457 01:29:42,880 --> 01:29:46,280 We will put an end to the hegemony of these giant crony 1458 01:29:46,280 --> 01:29:49,040 capitalist megatech companies and their involvement with 1459 01:29:49,040 --> 01:29:50,920 government. And I think it's going to happen 1460 01:29:50,920 --> 01:29:54,520 faster than than most do. And this is me boots on the 1461 01:29:54,520 --> 01:29:56,640 ground, observing the adoption rate. 1462 01:29:56,640 --> 01:30:01,000 This is happening quickly. Yes, it's still fringe, but it's 1463 01:30:01,000 --> 01:30:03,760 a lot easier than you think. As Nico was saying, he's a 1464 01:30:03,760 --> 01:30:07,240 non-technical guy and he was able to do this. 1465 01:30:08,360 --> 01:30:12,800 We openly state that this is not for everyone, but it is for 1466 01:30:12,800 --> 01:30:15,400 anyone who won values their independence. 1467 01:30:15,920 --> 01:30:20,280 And two is computer literate. So what we mean by the phrase 1468 01:30:20,280 --> 01:30:23,920 computer literate is that you feel comfortable. 1469 01:30:24,240 --> 01:30:28,800 OK, if you feel comfortable going into the settings menu of 1470 01:30:28,800 --> 01:30:31,920 your iOS, Android, Mac or Windows device. 1471 01:30:32,200 --> 01:30:35,320 So going into the settings menu and changing things. 1472 01:30:35,960 --> 01:30:38,120 If you feel comfortable going into the settings menu and 1473 01:30:38,120 --> 01:30:42,160 changing things on your device operating system, then you can. 1474 01:30:42,280 --> 01:30:43,960 You can do this. You can do. 1475 01:30:44,000 --> 01:30:48,760 You can run a start OS start 9 server in your home and connect 1476 01:30:48,760 --> 01:30:51,600 to it from your phone and your laptop and your friends and your 1477 01:30:51,600 --> 01:30:54,440 family can all connect to it as well from anywhere. 1478 01:30:54,760 --> 01:31:00,440 And the experience is mostly as good as if you were using Google 1479 01:31:00,440 --> 01:31:03,000 and Apple and all of them. There is a small degradation in 1480 01:31:03,000 --> 01:31:07,320 user experience to be expected. Growing your own food is harder 1481 01:31:07,520 --> 01:31:11,120 than going to a restaurant, but you can do it and it's not so 1482 01:31:11,120 --> 01:31:15,840 bad and it tastes way better. Love it, Love it, guys. 1483 01:31:15,880 --> 01:31:18,240 Go get. We'll have to do this. 1484 01:31:19,320 --> 01:31:24,280 There we go guys. Go to start9.com today. 1485 01:31:24,680 --> 01:31:26,920 Start your sovereign computing journey. 1486 01:31:28,200 --> 01:31:33,480 I'm telling you it's it's, it's, it's, it's, it's you can do it. 1487 01:31:33,480 --> 01:31:37,560 If you, if you're used to operating a Windows device or 1488 01:31:37,560 --> 01:31:42,960 Mac, like Matt just said, you will be able to, you'll be able 1489 01:31:42,960 --> 01:31:47,120 to manage your, your own personal server of which you can 1490 01:31:47,120 --> 01:31:49,880 run a Bitcoin node off of that server. 1491 01:31:50,480 --> 01:31:54,920 It's extremely fast. It's great and they have help 1492 01:31:55,400 --> 01:31:58,920 and they can help and they have an amazing community and a 1493 01:31:58,920 --> 01:32:02,640 support team too that you can ask questions to I every other 1494 01:32:02,640 --> 01:32:06,280 week. I asked Matt if my start 9 is 1495 01:32:06,640 --> 01:32:09,480 catching on fire and he said no, Nico dark, dark. 1496 01:32:09,560 --> 01:32:15,320 That's not what's happening. So yes, it's highly recommended. 1497 01:32:15,320 --> 01:32:20,040 Guys, run your own Bitcoin node run your own sovereign computer, 1498 01:32:20,120 --> 01:32:25,480 run your own server head over to start 9.com today take advantage 1499 01:32:25,520 --> 01:32:31,640 of the Black Friday sale 21% off their flagship product, which is 1500 01:32:31,680 --> 01:32:34,600 the server pure. That's the one that I've been 1501 01:32:34,600 --> 01:32:38,320 personally running since they since they initially launched 1502 01:32:38,320 --> 01:32:40,520 it. And again, it's, you know, the 1503 01:32:40,520 --> 01:32:44,800 best Bitcoin note I've ever run. And I'm using it for Noster. 1504 01:32:44,800 --> 01:32:49,200 I'm using it for for kind of lightning stuff as well. 1505 01:32:49,320 --> 01:32:51,600 It's incredibly, incredibly awesome. 1506 01:32:51,600 --> 01:32:54,560 I can't recommend it enough. Anyways, we are getting to the 1507 01:32:54,560 --> 01:32:56,600 top of the hour. Yeah. 1508 01:32:57,200 --> 01:33:00,600 I think it's important to mention the operating system 1509 01:33:00,600 --> 01:33:05,480 that makes this possible. Start OS is 100% free and open 1510 01:33:05,480 --> 01:33:07,400 source software under the MIT license. 1511 01:33:07,400 --> 01:33:11,960 It does not in any way belong to me or to Start 9. 1512 01:33:11,960 --> 01:33:16,280 We are the people who work on it, you know, we pour our 1513 01:33:16,280 --> 01:33:18,520 lifeblood into it and then we we give it away. 1514 01:33:18,520 --> 01:33:23,160 We don't own a drop of it. And so you can, without doing 1515 01:33:23,160 --> 01:33:28,320 business with us at all, just download the software and flash 1516 01:33:28,320 --> 01:33:33,520 it onto an old laptop, an old mini PC if you really want to a 1517 01:33:33,520 --> 01:33:35,560 Raspberry Pi that we don't really recommend it. 1518 01:33:36,240 --> 01:33:39,360 You can even flash old Macbooks. It works just fine and 1519 01:33:39,360 --> 01:33:44,600 effectively convert that old computer or a new one that you 1520 01:33:44,600 --> 01:33:47,880 buy off the shelf. You can convert it into a a 1521 01:33:47,880 --> 01:33:50,920 start 9 server without ever doing business with us. 1522 01:33:50,920 --> 01:33:53,920 We don't know that you exist. There's no accounts to create. 1523 01:33:54,080 --> 01:33:57,760 This is just purely open source. It's, it's a Linux distro that's 1524 01:33:57,760 --> 01:34:01,720 based on Debian and we are, it's, it's maintainers. 1525 01:34:02,400 --> 01:34:05,560 So we do sell plug and play servers and that's our business 1526 01:34:05,560 --> 01:34:07,160 model. But you don't have to buy from 1527 01:34:07,160 --> 01:34:08,760 us. And, and we root for that and we 1528 01:34:08,760 --> 01:34:11,240 recommend it, right. If if you're in a place where 1529 01:34:11,240 --> 01:34:15,240 shipping would be enormously expensive or you just you know 1530 01:34:15,240 --> 01:34:19,200 you don't have a enough money to to buy a server from us, just go 1531 01:34:19,480 --> 01:34:22,400 grab an old laptop that's laying around, go get one from Goodwill 1532 01:34:22,400 --> 01:34:25,720 for 50 bucks. Flash start OS on it and you'll 1533 01:34:25,720 --> 01:34:28,880 be up and running and we will still help you along the way. 1534 01:34:29,400 --> 01:34:32,040 Love it love it yeah guys, you can you can download this. 1535 01:34:32,040 --> 01:34:34,480 You don't have to buy their products, even though I really 1536 01:34:34,480 --> 01:34:36,520 recommend them because it is plug and play and it's awesome 1537 01:34:37,960 --> 01:34:41,680 and guys, this was simply Bitcoin live for December 2nd. 1538 01:34:41,680 --> 01:34:44,920 First episode of December baby. Oh my God, Opti. 1539 01:34:44,920 --> 01:34:47,880 We made it through this year. I don't know how if you guys 1540 01:34:47,880 --> 01:34:50,720 enjoyed today's episode, smash that like button and consider 1541 01:34:50,720 --> 01:34:53,120 subscribing. I'm your host for today Nico. 1542 01:34:53,200 --> 01:34:56,040 It's my legendary Co host, Optimus Fields, and our guest 1543 01:34:56,040 --> 01:35:00,160 today, Matt Hill, founder and CEO of Start 9. 1544 01:35:00,160 --> 01:35:04,760 Head over to start 9.com today. Start your sovereign computing 1545 01:35:04,760 --> 01:35:06,400 journey. All right guys, love you all. 1546 01:35:06,400 --> 01:35:08,000 We'll see you on the next one tomorrow. 1547 01:35:08,000 --> 01:35:11,640 Peace out. Was brought to you by 1548 01:35:11,640 --> 01:35:15,720 bitcoinwell.com, a Bitcoin only platform on a mission to enable 1549 01:35:15,720 --> 01:35:17,120 financial independence.