BTC Sessions - 1st Pro-Bitcoin President Wins Landslide: What Lies Ahead for Bitcoin? ep450

Episode Date: November 8, 2024

🔴 LIVE: Trump Turns White House Orange, Europe’s Largest Telecom Mines Bitcoin & Will We Finally See a Strategic Bitcoin Reserve? As Bitcoin’s price charges toward $100k, join us on today���s Simply Sessions for the historic events unfolding in Bitcoin: • First Pro-Bitcoin U.S President Wins in a Landslide: What does this mean for the Bitcoin industry, and what can we expect next from the administration? • Europe’s Largest Telecom Mines BTC: Deutsche Telekom has announced it will use surplus energy to mine Bitcoin. Could this be the start of a corporate arms race to adopt a Bitcoin strategy? • Is the U.S. Planning a Strategic Bitcoin Reserve? With pro-Bitcoin leaders like Cynthia Lummis and a pro-crypto sweep in Congress, are we nearing the launch of a Bitcoin reserve? We’ll explore the potential impact on nation-state adoption and global game theory. • How Is MicroStrategy’s $42B Bitcoin Buy Progressing? As financial markets absorb this historic move, we’ll look into how Saylor and MicroStrategy are managing the monumental buy. All this and more of the biggest Bitcoin news on today’s show! Join us LIVE at 6 pm ET—you won’t want to miss it. BOOK private one-on-one sessions with BITCOIN MENTOR! Learn self custody, hardware, multisig, lightning, privacy, running a node, and plenty more - all from a team of top notch educators that I've personally vetted. https://bitcoinmentor.io/ JOIN OUR AFFILIATE PROGRAM, EARN BITCOIN FOR REFERRALS! https://bitcoinmentor.io/affiliate-registration/ —------------------------------ FOLLOW Simply Bitcoin & BTC Sessions on other channels: Simply Bitcoin on Youtube: youtube.com/@simplybitcoin Simply Bitcoin on X: x.com/simplybitcointv Nico on X: x.com/bitvolt BTC Sessions on X: x.com/BTCsessions —------------------------------ 💪 SUPPORT THE SHOW: BITCOIN WELL My favorite self custody bitcoin platform in Canada and USA! They offer KYC free accounts, 1% spread, no on-chain fees and tons of other incredible features. Check them out at bitcoinwell.com/btcsessions https://bitcoinwell.com/btcsessions COINKITE offers the BEST Bitcoin hardware on the market. Use this link to get 5% off anything in their store: https://store.coinkite.com/promo/BTCSessions HODLHODL is a NON-CUSTODIAL, ANONYMOUS solution to stack sats peer to peer! Buy and sell Bitcoin while maintaining privacy. Sign up and try it out today! https://hodlhodl.com/join/BTCSESSION Speedwallet - your one wallet to send, receive, shop & earn. Simple, fast and convenient! Download now, use code BTCSESSIONS10 via this link & get 5,000 SATs on your first transaction. https://speedbtcwallet.onelink.me/cGph/ssbtcsession Bitcoin Keeper - No account creation required, use your own node, create multisig wallets, use inheritance document templates for smooth inheritance planning.Use the code BTCSESSIONS30 to avail a 30% discount on your first subscription. Learn More: https://bitcoinkeeper.app/ DEBIFI is a non-custodial Bitcoin backed lending platform with institutional grade liquidity providers and no rehypothecation of your funds. Find them at: https://debifi.com/ #bitcoin #crypto #bitcoinnews #finance #cryptonews

What's going on? Everybody, welcome to this show. Another Thursday, another episode of Simply Sessions. I hope you've all been doing good. I hope you're having a good week. Lots going on this week. Definitely not a quiet news week. I'm certain you've all been glued to your social feeds and the TV and everything. I mean, it's no secret.

the first we'll call it Bitcoin-friendly president in history is about to take office. I say those words and they don't feel like they're based in reality, but they are indeed. So we're going to be chatting about that. We're going to be chatting about a whole bunch of stuff. Nico, of course, in the wings here to give us the latest and greatest and discuss the implications of what the hell just happened. But anyways, of course, this is alive. Anything can happen.

So I defer to my friend Bill here. We'll do it live. Do it live. I'll write it and we'll do it live. The fucking thing sucks. If you have not already, please do like, subscribe, share, all those things. They help a ton getting this content in front of more eyeballs. I am Ben with the BTC sessions.

This is your daily session. Before we talk about. And let's take a quick look at where we are in the market right now. I'm pulling up timechain calendar.com. We are, pardon me. There we go. We're currently sitting at $75,884 dollars per coin. Not even like we've been close to 77 earlier today that I saw.

And that's wild. While we're here, I do feel the need to once again point out that we are far north of of a hundred thousand Canadian cuck bucks or as I like to refer to them, Canadian moose shekels. So I just, I need to highlight that. We're sitting at $105,000 Canadian, which is wild to see. Yeah, that is that is something else. Anyways, guys, in terms of fees, low, low.

Oh, two sats per byte. Next block. And you can pick up 1,318 sats for a single U.S. dollar. And then in terms of Bitcoin mine, 19.77 million. That's 94.18% of the total supply. We're going to say a quick shout-out to our sponsors. We'll be right back. Hitting the news with Nico.

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They're also a publicly traded company under the ticker BTCW on the TSXV. Check them out over at Bitcoinwell.com. Check out my full tutorial on how to use them. and you can check out the links in the show notes down below and sign up today. Keeper is a fully open source Bitcoin app created to help you stack Sat's long term. Easily use your hardware devices or assisted keys to create multisig wallets and plan your inheritance. Head over to BitcoinKeeper.combeer.com to download the app and use code BTC Sessions 30 to get a 30% discount on your first subscription.

All right, we are back and we got to bring in our host with the most. There he is. Yo, man, how's it going? Yo, dude, what a crazy, crazy week, man. Yeah, are you bullish or you bearish? How's, how are you feeling?

I mean, I'm, yeah. Dude, like, this was, like, it's not overstated, like, what, what happened in terms of this election. And I also want to emphasize, too, like, I'm so glad we don't have to talk about politics anymore,

which we were kind of, like, forced to because they were attacking the industry. And I'm so glad that now that there's a kind of pro-Bitcoin government, we can just go about our day, which is very nice. But yeah, man, I mean, like, it can't be like, this is one of the greatest comeback stories in American history. A media onslaught, the hoaxes, assassination attempts, impeachments, convicted, to put it nicely, a questionable, how do I say this? Let's just say not everyone was so certain about the 2020 election, and he still won,

which is insane. Like, that is crazy. And another thing that I want to say, too, is, like, it can't be understated how much of an impact Elon made on this election by buying Twitter, because not only, did we see the re-election of Trump, but we also, in the process of them trying to destroy Trump, they destroyed their legitimacy, and now what you have taken their place is independent content, like Joe Rogan, like what you do, Ben, what you do, Ben Shapiro, Stephen Crowder, the Young Turks, it's like Jimmy Dorr, all these kind of independent.

of the Daily Wire, all these kind of independent media sources are Russell Brand are getting more views than legacy media. And I don't think that this would have happened normally. I think that by them attacking Trump the way they did, they essentially destroyed their integrity, they destroyed their legitimacy, and people stopped believing them, and they started tuning to alternative media sources. So this is like such a crazy kind of pivotal moment in human in in in American history and world history. And one last thing I'll say before we get into the article, imagine being Ross Ulberg right now.

Yeah. Like he is so close. The nightmare is almost over. And if you are for whatever reason, if you are in the White House and you're close to Biden, you know, like might as well. you know, part of him now and allow him to enjoy Christmas and Thanksgiving, right? If he's going to be freed anyways, like, yeah, why not? So, yeah, man. I can't imagine.

And I mean, the other thing in that realm, look at the victories that were beginning to stack on behalf of people that were integral to the story of early Bitcoin. right we've Assange now free at home with his family for the first time in years Ross very you know promised to be released on day one and I think it's going to happen I hope it does and and and I I was just saying in the chat here with everybody if if those two things have happened why not go for the hat trick and try and get a pardon for Snowden I feel like that would be the next logical step. Yeah, it's, you know, that's the, that's the last one.

That's the last component, right? I mean, like, you know, Bass, like, Assange is free, you know, even though he had to admit wrongdoing, which I think is bullshit. Ross is on the verge. I mean, that's two out of three, right? So, and, and, you know, I hope that, like, in the process of this, because Elon wants to go in there and, just, look at what he did with Twitter, man. He fired 80% of the staff and made it way better. Yeah.

So, you know, what's he, like, what's he going to, like, you know, what's he going to do? What's he going to do if they, if he, I hate saying it's because of a shit coin name, but like, what's he going to do if he gets in there and, you know, implements the, the doge? the Department of Government Efficiency. Yeah. Like, I fear for his life, man. I hope. Can you imagine the amount of useless bureaucrats that will cry themselves to sleep

if that comes to be? And it's crazy, again, like, the fact that he cut so much of Twitter and it still functions just fine. And I know some people have problems with like some of his choice sitting around. But like in terms of like it, I mean, it works. You're still able to use it. Like clearly eight out of 10 people there were doing fucking nothing other than siphoning off a paycheck.

So yeah, yeah, go in and cut like crazy. Yeah, 100% man. So let's see what happens. Anyways, let's get to some of the news by no BS Bitcoin. Donald Trump elected as 47th president of the United States. goes on to say many of President Donald Trump's promises during his presidential campaign have instilled hope within the Bitcoin community indicating potential regulatory backing for the Bitcoin industry, entrepreneurship, and financial liberty in the United States. Following the election

results, Bitcoin's price surged nearly 8% to a record of 75,345. I believe that was broken today. We're currently sitting at 75,781. And I believe earlier on in the day we made an all-tenthsion. time high, even though I said, it's crazy. We made an all time high. I feel nothing. Yeah. We were, we were well into 76. Like, we got pretty close to 77, I think. Hell yeah. But I still feel nothing for some reason. I'm just so like this jaded Bitcoiner. But anyways, it goes on to say some of the most notable Bitcoin-related promises made during the president's campaign include support for Bitcoin miners in the United States. Trump has engaged with numerous Bitcoin mining leaders hosting a meeting in June with

executives from riot platforms, Marathon, Tara Wolf, Clean Spark, and Core Scientific. Following the meaning, he shared the following statement, vote for Trump, Bitcoin mining, maybe our last line of defense against the CBDC. It's crazy, dude. That's somewhat, that I can't, holy. Dude, we got an accident.

That's the president of the, bro, of the most powerful country on earth. Think of all the chats we've had this year where you're like, This is insane that a potential, like that, yes, a previous sitting president, but somebody who's about to, you know, like run to take the White House is saying this. And now they are going to be in the White House. Bro, I mean, like, reality is stranger than fiction. Yeah. Like that's what I got to say because we are the simulation.

This is like, this is unbelievable. someone in the chat is saying like, Hi Ron Paul. Elon already mentioned that to him. Like that is, that is a real potential possibility, which is nuts. So it goes on to say,

Bitcoin Strategic Reserve Initiative. Another, like, this is insane. The president pledged to establish a National Strategic Bitcoin Reserve if he were elected to a second term. In August, Senator Cynthia Lummis introduced the Bitcoin Act to support this effort. Of course, pardon Ross Ulbrook on day one of his presidency.

Opposition to a central bank digital currency. Defend the right to self-custody. Simplify U.S. tax go. And it goes deeper than this man. He actually tweeted the other day that he wants to get rid of capital gains on anything related to Bitcoin altogether. And he's also talking about getting. rid of the income tax altogether.

Like, gnarly, bro. Like, no wonder they try to kill him. Like, yeah, I don't give you that for sure. So of course, fire Gary Gensler. I think this is the part that I feel most passionately about, the part that like forced simply and simply sessions to kind of pivot into covering politics, which, is ending Operation Shook Point 2.0, which has been terrible. Forcing lightning wallets out of the

United States, you know, going after banks that, you know, going after banks that help, you know, Bitcoin on ramps, you know, denying Caitlin Long's federal banking charter, the proposed 30% Bitcoin, the proposed 30% tax on Bitcoin miners, the relentless onslaught of a tax, hacks from Elizabeth Warren using the legacy media. Like, bro, it was gnarly, man. And it forced our hand. And here's the thing. I don't think Bitcoiners, and I'm speaking for myself,

and I'm sure, Ben, you fall into this cap, I don't think we would have said anything. Like, I think if they just, like, kind of stayed in their corner, like, we just would have been like, all right, man, like, yo, this new lightning wallet dropped. It's dope. It's awesome. But it's like, no, they went after us.

And we reacted and they're at a worse point now than they would have been if they just did nothing. Which is hilarious and comical. But anyways, establish a Bitcoin presidential advisory council to drive free country policy. I mean, dude, this is crazy. It says, quote, we have regulations, but from now on the rules will be written by people who love your industry, not hate your industry. Said Trump and Bitcoin Nashville 2024, the task of the council of the council, Council would be to quote, redesign transparent regulatory guidance for the benefit of the entire industry.

This will get done in 100 days. Like, bro, that is crazy. Here's David Bailey saying Susie Willis is an amazing pick as chief of staff. Huge win for Bitcoin in America. Hosting President Trump in Nashville would not have been possible without her. Like just to kind of give you an idea, right? Here's Trump, make the United States the Bitcoin. coin and shit coin capital of the planet.

You know what? Not perfect, but I'll take it. And it's very, very important. I do want to emphasize this. It remains to be seen how many of Trump's promises will be realized. But he's inaugurated January 20th. And let's see if he keeps those promises. Even if he keeps 50%, like that's a huge victory, in my opinion. Ben, what are your thoughts?

Yeah. So we had two paths that we were going to go down based on the outcome of this election. One was the status quo that we've been getting, which was a path that had already begun arresting and jailing devs and trying them for creating tools and attacking self-custody and basically going after the entire industry. But with that path, you also would have had extreme acceleration via just exorbitant amounts of money printing as well. because there's no restraint on the left side there. Now, what we have, the timeline that we have,

is we have a more friendly group of people that are going to, basically, it seems like they're going to peel back most of the things that were holding us back before, that they're just going to dive head first right into it and welcome it and do things to kind of protect the industry as it is. But with that, is going to just become,

it's going to come an exorbitant amount of shit-coining, right? Like, it's just, it's going to be a free-for-all. Like, the ICO bubble will, will look like nothing. The ICU bubble will, will look like just buying, you know, a regular stock.

And this is, this is going to be like Jordan Belfort, like shoveling the shit on. this is what we're getting. And if I'm honest, I much prefer this rather than jailing deaths, right? Because with this, we get a couple opportunities and a couple very tall orders in terms of responsibilities right now. So number one, it's on us.

It's on the existing bitcoinsers to push with the education. So you've got to teach people self-custody. And you've got to teach people why Bitcoin only. And that's going to be a really tall order in the midst of the shitstorm of like mean coins and World Liberty FI and Trump NFTs and all of the stuff that's about to happen. We need to be vigilant. We need to try and educate and protect the people, especially the people that are worth educating and protecting. Like try to steer them in the right direction, give them the resources. But more importantly, I was saying that the previous or the existing administration right now is very, very antagonistic to everything and is coming after devs and doing all this stuff, especially around privacy tools.

We have possibly a four-year runway to build shit out until the next asshole gets in that could potentially be antagonistic again. So like, do not waste this time. If you're a developer that knows how to make privacy tools, get to fucking work. If you're a person that doesn't know how to use them, learn how to use them and start using them. And if you're somebody that has a way to communicate all of this information to everybody, use that, get out the megaphones, get people using and learning about all of these tools before somebody comes in that isn't as friendly. So we've got a runway. We've got a lot of education to do ahead of us. But hey, I think we just bought ourselves a little bit of time.

Of course. Not only did we buy ourselves a little bit of time, Ben, like the, I think it's going to be, if you're coming. Look, so when like, and I'm sure it is in Canada, right? When a politician wins an election, like in the U.S. we have like kind of like electoral college system. So sometimes the popular vote you don't actually win. But Trump won the popular vote too. Yeah.

This is like the first time a Republican has won the popular vote since like Bush and 2000. It's been a very long time. Yeah. When you get that type of like victory, that's a mandate from the people, right? So in four years, essentially it's a rebuke. It's basically saying like, look, because, you know, it's a representative government. Like Elizabeth Warren and Biden, even, we're, where's Bitcoiners are saying like, look, like, this is

fucked up. But they're supposed to be representing the interest of what the people want. This election was just saying like, no, we didn't want that. We actually wanted the pro-Bitcoin stuff. Right. So the government had, we essentially elected a government and we gave them a mandate with this election to say, we want pro-Bitcoin regulation. And I suspect over the next four years, adoption is going to go bonkers. Right. In 2028, I think it's going to be very difficult

to get a candidate coming in and saying, hey, you know what, guys, we're going to outlaw this stuff. You know, after Black Rock has benefited for four years from number go up, after more people have followed micro strategy. Good luck. You know, that's what I would say. And just like the bankers the special interests are so entrenched in DC, you know, this was the year that Bitcoiners became part of the donor base. We are part of the donor base. Trump isn't saying this stuff because he's being nice. Trump is saying this stuff because Bitcoiners raised him a lot of money, right? And in politics, So just comes down to money fundamentally. It comes down to that, right?

At least American politics. And I just want to highlight this because this is surreal. He said this like about a month ago. This dude is president next year. And he wished our great Bitcoiners a happy 16th anniversary of Satoshi. That is gnarly, bro. Can you believe that? This dude is president.

He's president of the most powerful influence. wealthiest country in the face of the planet. Yeah. God. It's, it's weird. I think back to the days of perusing Reddit for like the latest Bitcoin news and people like the top post being like,

this shop just started accepting Bitcoin and people fucking lost their minds. It's like, oh, look. What was it? Oh, new egg. Neweg.com. and you could like buy some shit on there for Bitcoin. And people are like, holy shit, this is incredible. Bitcoin's going to the moon.

It's like, and the president just wished us a happy birthday. Dude, by name, not like crypto. Bitcoiners, happy birthday. Like, bro, holy cow, man. I don't even know what to say. I don't even know what to say. But anyway, so sailors, you know, obviously on Cloud 9, we have a Bitcoin president with the famous AI.

images that he posts. And wait, I had another one. Yeah, here it is. Make Washington the Bitcoin Capital. I don't know how I feel about that. But, you know, just like, like this is crazy. And one of the things that I was mentioning earlier in kind of like the opening monologue was how much of a deciding factor independent media was in this election.

Like, I'll be honest with you guys. if Elon Musk did not buy X, we would live in a radically different world. And I know a lot of people are like Nostor Maxis. I post on Oster every day. I stream on Noster. All the simply, I support the protocol. But the VAT that you, Ben and I both know this.

The volume, unfortunately, is on, it just is what it is. It is on YouTube and X. Like, it is just, it is what it is, right? And, you know, YouTube has gotten better somewhat. but X has transformed in terms of what is allowed to be said, what is not allowed to be said. And it's not a coincidence that since Elon took it over, it is now the most popular news app, not only in the United States, but multiple countries all around the world, right?

And it's very difficult for the legacy media to craft certain narratives when they're immediately getting like, I don't want to say fact check, but they're immediately getting like just exposed in real time on X, right? And you know, it's people like providing evidence of otherwise like, yo, here's like something that says the opposite of what you just claimed. Yeah. And it's like a hive mind because like there's always like internet people that like put together this beautiful montage of like all saying it's like there will be no inflation. There will be no inflation. There will be no inflation. Like it's like these beautiful montage. of the collective hive mind of the internet, people putting in free work to just like, I know this is going to blow up.

This is calling them in real time. And they hate that, you know, because they used to be, they used to have a total monopoly on information in the narrative. So, and another thing that we saw as well,

which I think is really interesting, kind of in like, in internet history, Bitcoin history, it's, I think it's all like, you know, kind of correlated.

The betting markets got the election, significant more right significantly better than than the pulse the thing is that this has always kind of been the case but it was always kind of like in the back burner this is the first time that the betting markets because of polymarket and like all these other things like those they were getting posted it was on twitter all the time and there was there was some points where um elizabeth warren of course would come out and she says, we have to end this. We have to make predicted illegal,

you know, because it's a lot easier to manipulate polls. It's a lot harder to manipulate a betting market when people are actually putting physical money on the line, right? So I thought that was really cool.

Did you see the meme of, it was posted? Oh, here it is. I don't have the actual, actual meme, but just, just the comparison of the state by state for Polymarket and the actual election result. Take a look at that.

So here's Polymarket, what they were assuming was going to happen and like where the swing states were and what he actually took. And then here's what actually happened. Literally like the same fucking thing. It's wild. Like, yeah, there's a swing state's in there, but like, he basically, again, like, it's hilarious that they were, that they were like, and sorry, I canceled your screen there, but it's hilarious that they were like, oh, don't trust any of these markets. Why?

These people actually have skin in the game. Isn't it crazy when free market principles start to take over? It reminds me of like the fandango, like movie reviews. like you have the official critics and then you have the audience score. The audience score is a million times more accurate than the critic score. It's just, it's gnarly. Like sometimes like, you know, the audience score will be like a 90 and the critic score will be 75.

I'm like, that's going to be a dope movie, you know? So like it, and I get what's happening, right? Like there was no other way to do it before. There was no other way to, you know, get media on a massive scale without a chief editor. There was no way for people to know what, if a movie was good or not, without, you know, these critics, these professional critics. But, like, they're being blockbuster, essentially, you know, like the internet came in there and it's radically kind of changing things. Anyways, last thing I'll say about Trump, I have to read this. So this is something that that sailor quoted from Trump.

And I mentioned it earlier, but here's the actual quote. They have them paying tax on crypto. I don't think that's right. Bitcoin is money and you have to pay capital gains tax if you use it to buy a coffee. I was talking with a friend and he said it shouldn't be taxed. And I agree. Ladies and gentlemen, that is the president of the United States is starting in 2025. That is crazy.

That is gnarly. So the rest of the world is noticing. and here is China Central TV and they're reporting that Trump has promised to make the U.S. the world's Bitcoin cap crypto capital and establishes a strategic reserve. Check it out.

All right. I'm sorry, guys. I don't understand Mandarin. But I guess we have to take their word for it. The point is, I'm assuming because of the Bitcoin B rule and all that, but the point is, is that if something goes on T's, in China, the central party has to approve of that news. It's not like in the U.S. where you have X doesn't exist in China. You can't Google in China.

They call it the Great Firewall, right? So information is carefully censored and tailored. This wouldn't go on CCTV, which is one of China's mainstream media television networks, unless it was specifically given the thumbs up by the CCP. the Chinese Communist Party. So why am I telling you all this? Because essentially they're telling their people, which is the same reason as to why Putin legalized Bitcoin mining,

that, hey, wait a second, if the U.S. gets a head start on this Bitcoin thing, we are now at a competitive disadvantage to the United States. That's what it comes down to. And then last thing I'll say, I'll wrap this up, is this is what Kai, was talking Max Kaiser was talking about when he coined the term global hash war. This is it. And it's not that Russia or China feel good about Bitcoin. They're like, oh, you know what?

I have found, I have found Satoshi. I now believe freedom is good. No, no, no, no. They're looking at the writing on the wall and they're saying, holy shit, you know, this orange man might actually, you know, want to take all the hash rate. Like, we're, we're in trouble here. So they're going to try to make it, they're going to try to use Alex Gladstein's article, right? Bitcoin is a Trojan horse for freedom. They're going to try to take the number go-up technology and leave the freedom-go-up technology at the door and try to disconnect them. But as Alex correctly pointed out, they're inextricably linked. You know, you can't disconnect the two.

So, Ben, what are your thoughts? Yeah, I mean, we've seen this tried before. It's going to be continued to be tried. But, you know, all these countries, they, if you've got any sort of like a fascist or dictator in charge, they very much want all the benefits that Bitcoin gives them. They don't want their people to have those benefits. But that's just not how it works. And again, like a lot of people in the West also, like the Normies in the West, they always, they always. often say like, okay, but how do we stop, like, terrorists from using it and everything?

The answer is that you can't. Everybody can use it. And one of my favorite, and again, I'm paraphrasing, one of my favorite quotes from Jeff Booth that he often says is he was asked, what's the worst thing about Bitcoin? And he said, you have to be okay with your enemy using it. And even beyond that, you have to be okay with the fact that your enemy using it means that it's stronger and better for you. And that's the reality of it.

Oh, man. Yeah, I love that quote, dude. That quote is absolutely, extremely, extremely powerful. Yeah. So another continuation, I mean, bro, I'm going to pull a Trump impersonation. We cannot, you're going to get tired of winning. We're winning so hard. But I mean, I don't know.

It's the truth. So why am I saying this? Deutsch Telecom launches Bitcoin mining pilot to balance Germany's power grid. So Deutsch telecom is like the, I don't know, what, what is it in Canada? It's Rogers, right? Like in the US, AT&T, Verizon. So it's one of the big kind of like, you know, mobile, you know, service people, whatever. But this news in itself, it's, it's, it's nothing. But if you connect the dots, it's a big deal. Why? Because earlier this, this year, we reported it on Simply sessions. TEPCO, which was Japan's largest energy company, also announced that they're doing

the same exact thing. So now you're getting different data points from around the world of, you know, companies realizing, wait a second, like Bitcoin could help our grid and energy situation. So this is a continuation of that trend. And I don't suspect this to slow down, ladies and gentlemen. Like this is going to, this is going to eventually reach escape velocity where if you're not an energy company or you are a company that uses a large amount of energy

and you don't have some type of Bitcoin strategy baked in, once again, you're at a competitive disadvantage to the companies or countries that are using the benefits of Bitcoin and Bitcoin mining. Yeah. Yeah. Yeah. It's making its way in everywhere.

Everybody's realizing we're throwing money away if we're not doing this. Like that's what you're doing. Or you're monetizing your garbage, right? Like that's what you're doing. And it's going to be considered negligent not to be using every watt of power that is available to you at all times because otherwise it's just, again, it's, fiscally negligent to not do so. 100%.

100%. So we get about four or five minutes left. I kind of want to end it with this, which is the BPI. Oh, by the way, I forgot to give credit where credit is due. Shout out to CoinSetter. Shout out to Bitcoin Policy Institute. And maybe I got to give you credit or credit is due. Shout out to Coinbase because they were the ones who were really holding the line from the regulatory

onslaught. Shout out to Caitlin Long. She's been doing incredible work. Shout out to Dennis Porter, too, on the state level. Because they really held the line. Make no mistake, everyone who's watching, Bitcoin was attacked. And if it wasn't for all these entities, institutions, companies, institutes that held the line and educated lawmakers, the regulatory environment today in the US would be radically different. So this is the Bitcoin Policy Institute, and they're essentially making the case for endorsing the strategic Bitcoin Reserve for the United States. And the reason that I'm reading this report is because it's no longer hypothetical

with the Trump administration coming in, him promising this at the Bitcoin 2224 conference, him getting a mandate by winning the popular vote, winning the House, and winning the Senate, a trifecta in government, meaning it's very easy to pass policy. There is a... What were we saying early on in the year, Ben, that there was a non-zero chance that there would be a Bitcoin-friendly president

in the White House? There is a non-zero chance that, I would say, like 50% chance that the United States is going to have a Bitcoin reserve next year. I can't even imagine me. I can't... It just sounds unfucking believable.

I'm sorry to curse, but it's the crazy thing here, too, is that if this came to fruition, it means that it won't happen until after inauguration. So right now, every person here, you basically have three months to front run the United States. Yeah. And I'm telling you guys, if this happens, we're 20xing. It's a 10x. I'm telling every country around the world is like black rock legitimized bitcoin in the eyes of financial institutions the u.s government will legitimize bitcoin in the eyes of nation states and you see that with the

wording coming out of China anyways i'm going to get through the the first top of the paragraph as soon as as quickly as possible bitcoin's emergence as a decentralized digital asset has reshaped the global financial landscape and its potential as the national reserve asset is now being seriously considered by policymakers. From its inception from its inception in 2008, Bitcoin has evolved from an experimental technology into a globally recognized digital commodity with growing implications for economic strategy, geopolitical power, and financial innovation. The maturity of Bitcoin presents the United States with a unique opportunity to reinforce its economic leadership, accelerate its energy dominance, counter its rivals, and promote core democratic values in the digital age. This report

examines the potential for establishing a strategic Bitcoin reserve, weighing its benefits against potential risks and implementation considerations. So highly recommend you guys checking this out. Just search digital gold evaluating a strategic Bitcoin reserve for the United States, search Bitcoin Policy Institute, and the read is about 50 minutes long or so. So yeah, it's really, really exciting stuff. I'm so glad we don't have to talk about politics anymore and yeah this was the news segment of simply sessions i'll see you next week ben oh yeah you have a good one and everybody uh of course stick around because we are uh going to give away some sats first and foremost uh make sure you get your lightning wallets ready we're going to be given some bitcoin away

uh on the other side of the break here uh so be ready the first person to scan is going to get those sats and I also have another way for you to earn some sats through the impending well I mean I'd say we're already in it in in the bare market or in the bull market you're going to want to earn as many sats as you possibly can I've got a pathway for you to do that but nonetheless we're going to say a quick shout out to our sponsors we'll be back in just about a minute coin kite.com has some of the best hardware on the market today to secure your bitcoin the cold card Q is an absolute powerhouse and is my daily driver. And on top of this, they have plenty of other goodies, including the Mark 4, the tab signer,

open dimes, the block clock, and much more. If you head over to their website, make sure you use code BTC sessions at checkout to get a nice discount. Links are in the show notes down below. When it comes to peer-to-peer trading and lending, instant self-custody and no KYC, hoddle-hoddle is the place to be. You can sign up with just an email address, and once you're there, you can start browsing offers immediately, whether you're looking to buy and sell or whether you're looking to lend or borrow. You can check them out today at the links down below. Speed is one of the fastest growing Bitcoin lightning wallets out there. It is a fast and secure

way to send and receive Bitcoin and Stablecoin payments instantly. You can even swap between Bitcoin and Stablecoins directly in the app. Also in the app, you can buy gift cards for all the best brands and earn rewards in the process. To download speed, simply scan the QR code on the screen, click the links in the show notes down below, and use code BTC Sessions 10 to get 5,000 sats for free. All right, we are back in, and it's time to give away some sats.

Let me get my screen up here. Of course, I'm over on Bitcoin. Well, and let me make it a little bit larger there. Give that a swab. I'm over here on Bitcoin. Well, of course, they are available to use in Canada and the United States. And it's a great place to be stacking sats. They've got something where they have the Bitcoin wishing well.

And the way it works is when you sign up, when you purchase Bitcoin, when you refer friends, you earn points. And those points can be used to toss a coin into the well and win free sets, anywhere between 500 and potentially a million sets. And so we're going to do just that right now. We're going to play now. We're going to toss a coin in the well. You've got to have a lightning wallet and you've got to be ready to scan because the second you scan, a first person to redeem it, we'll get the free sats. So we'll toss a coin in.

Off it shall go. And you've got to be quick on that trigger finger, ready to scan. Boom, 500 sats. Whoever scans that first and hits Redeem, we'll get them. If you do get the sats, please do let me know. And of course, I'll, I forgot to do. this but I'll put up a little QR code down below as well. If you want to sign up for Bitcoin well, then you can do so there. And there's also a link in the show notes. But congrats to whoever

snagged the free sats. Hope you enjoy it. Now there is another thing that I would like to do here and I give you another way to earn plenty of sats through the Bull Run. This is Bitcoin mentor, my company. It is a place where we do one-on-one educational sessions with people. So if you've been searching through the channel, you've been doing some of the tutorials, you're having some difficulty getting over a hurdle, you need some one-on-one help. Of course, you can come to us at Bitcoin Mentor.aO. We've got an incredible team of educators there that can help you. But if you're somebody, you already kind of know your stuff, but you want to send your friends,

your family, you know, whoever, or just people that you don't have time to teach yourself, If you want to send them our way, well, you can be earning sats doing that as well. So there's a QR code on the screen right now. You can scan that. That'll take you to a page where you can sign up to become a Bitcoin mentor affiliate. So I encourage you to do so because every time you send somebody our way, every single session that you book or that they book, rather, through your link, through your special link, you will get $21.

And so you can be stacking a lot of sats that way. And yes, indeed, the payouts are in Bitcoin at the end of each month. So I highly encourage you guys scan that QR code on the screen right now, sign up to become an affiliate. And anytime somebody has questions, need some one-on-one handholding, then you can send them our way. And you can earn some sats. Well, you can stack sats, actually, while new bick-oiner's stack skills. So with that, I'll throw the QR code up at the end of the episode as well. But yeah, come check us out, be an affiliate or come to us if you need some help.

With that, let's move on to the updates. Now, I do want to give a quick shout out to everybody that gave a shoutout and some help this week. I discovered that I've been going through a little bit of a YouTube shadow ban, meaning that my stuff was just incredibly difficult to find. Like, you would search and it just would not be there or be really difficult to find what you're looking for. And so I did put up this little video of myself. And it came about because I was just trying to grab the link for another tutorial to put in the show notes of one of the ones that I just put out. And I was like, why can't I find this? Like I'm putting in the name of the thing and the name of the channel.

And it just wasn't popping up. And then I just started doing some general searches like Bitcoin tutorial or a specific wallet tutorial. And normally it would be like, I mean, the channel's been around for eight years. So typically it would be like right near the top if it was something that I've covered, even without putting the name of the channel in. And it was just like completely gone, completely missing. And so I was like, what the hell is going on? I kept on trying things and then even putting in the name of the thing and the name of

the channel. And it would still not be there. And then I'd search some of my stuff. And sometimes it would serve up some of my stuff. but like not the thing you're looking for. And then I even tried copy and pasting the exact title of the videos. And it still wouldn't show the specific videos. So something funky was going on there for sure.

But I tried to submit a ticket. Didn't work. But I guess the collective effort of you all helping out sharing tagging team YouTube, going in and actively searching and clicking on. on things seems to have helped with the algorithm. And yeah, so it seems to be mostly back, I'm hoping. But this is a lesson in and of itself, of course, because you cannot rely on these centralized platforms.

It's a tricky tightrope to walk because on one hand, especially from myself, I want to educate newcomers that have no idea about Bitcoin. So I have to meet the people where they are and where is everybody. network effects right everybody's on on on on youtube and and then x and so i'm not censored on x but in terms of tutorials i'll be honest x sucks because there's no indexing it's not like you can go to a page and like easily find specific videos with titles and tags and links and all that stuff it's not built for that at least yet and then the other thing is nostr and so Noster is fantastic when it comes to the censorship resistance, but the hosting of the actual

data can be tricky. A lot of my videos, they're like seven or eight gigs. And I need like, and also again, I need to reach people that don't know about Bitcoin. And let's be honest, right now, Noster is a lot of Bitcoiners. It's great to have those resources for them there too. But I just, I haven't found that solution. Some people have mentioned Rumble, things like that. Maybe that's an in-term solution.

But really, I think the important thing is to have some way of having some type of less centralized file hosting at scale that also gets visibility. And I don't know what that is yet. And I think Nostra is going to be a key part of it for the censorship resistance and the social graph that you build. But I just don't know what that's going to look like yet. And so as you guys come across answers to that or see cool things that are on the horizon, I've heard from a lot of the nostridges out there that blossom looks promising. It's obviously in the early stages, but I will try to keep my eyes on that. But yeah, once again, proof is in the pudding.

And every time you try and rely on a centralized third party, you open yourself up to rug pulls. and we saw it was simply a couple weeks ago getting banned for a week and luckily being reinstated. But hey, here we are. Anyways, thank you guys for amplifying that message before. Moving on, OpenSats announces eighth wave of Noster grants who got it. Formster groups, co-op, nostrability, and Nip44 libraries audit. They all got grants from OpenSats. Congrats to everybody that received one.

Love seeing OpenSATs continuing to drive forth freedom money and freedom social protocols. Something on the not so positive side. This is from Anita Posh sharing something from a Luresho holder. Full financial surveillance in Kenya. This is horrible. Sadly, I think that's the way it will go down in many countries or maybe everywhere. That's why we need to use alternative phone systems like GraphenOS, Anonymous e-Sim, and more private Bitcoin.

And she's sharing something that basically says any gaps available to private citizens have and are being shut down hard. And so basically the police in Kenya now use phones to track and capture suspects, and they're changing it so that basically if you want to enter Kenya, you need to share the I-M-E-I-I-I-I-Rae-E-I.

number of your phone, meaning that they'll be able to track you everywhere that you go and that you, whatever network you connect to. So super, super unfortunate. I don't know what the answer to this is, but be aware. Maybe it's mesh networks. Maybe that can play into it. I don't know, but we need to be thinking about this and addressing it as much as we can. Moving on. Bolt's web app version 1.5.0. They now have Bolt 12 swaps. That's awesome.

So what does that mean? Bolt 12. They have enabled chain swaps with any amount allows for paying bolt 12 invoices in submarine swaps, introduces an API endpoint for fetching invoices and offers. So Bolt 12 itself is an upgrade to the Lightning Network that enables things like reusable payment requests, increased receiver privacy and more robust censorship resistance. There is a link on the page there. But if you had to bolt12.org, it does give you a nice little rundown.

I love the website too. It's so like retro future. But it's really cool. So again, reusable payment requests, receiver privacy, social integration, auto withdrawals, censorship resistance. Bolt 12 is pretty awesome. So I love to see that Boltz itself has integrated. it and if you're unfamiliar with bolts you can swap between on-chain lightning liquid all of that

interchangeably with atomic swaps which is really cool. Robosats version 0.7.1 alpha fixes and performance improvements basically better and faster web notifications multiple other improvements bug fixes yeah so awesome good to see Robosats continuing to proliferate I did do a video on it a while back, perhaps time for an update. Also, I wanted to just outline the fact that now that I'm home and I can get focusing on what I am most passionate about, then I've got a few projects on the go. So starting next week, I'm going to be doing a new video on a new video series in and run BTC Pay server. So keep an eye out for that. That's my next little tutorial project. But also, we've got a new sat market coming up.

So if you're unfamiliar, we've been building out a circular economy here in my home city of Calgary, Alberta, Canada. We've had three markets thus far, which has been great. We've gone to the Bitcoiners. All of them have skills and businesses and goods and services that they create an offer. And so, yeah, we just built a little market where we can all frequent each other's businesses and help each other out and pay together in in bitcoin. And we've got another one coming up on Saturday, December 14th.

And it should be a good time. So if you want to give the Twitter handle a follow, it is at BTC Sat Market to get updates there. If you're in and around Calgary or Alberta or even like Southern BC, Southern Saskatchewan, or if you're from further away and you want to just come and. be part of it. We're going to have the sat market. We're also going to have a little party that night, and we're just going to have Bitcoins get together and have a good time. I may even do a night in the mountains before or after undecided, but we want to make it a bit of an event and actually have people that if you come in from out of town, enjoy your time here and just like

get to enjoy Christmas altogether. So highly encourage you guys to come out. More details forthcoming, but for now, follow at BTC Sat Market on Twitter. I believe Art also created a Nostra account that you can go check out too. Didn't have that pulled up. Sorry, guys. Next time we'll do better. Yeah. And then finally, I also released a new tutorial earlier this week.

It is part two of two from the Ashigaru series. And so what this is is somebody anonymously forked Samurai. wallet. And this series walks you through setting up and creating your own dojo node and linking the Ashi-Garo wallet to it and then how to actually use Ashi-Garu to use various privacy techniques that it enables. So if you're looking for a project, highly recommend you check it out. I've got my dojo here sitting on my desk and it's been running ever since I made the initial tutorial and it's cool to tinker around with and learn. It is, it was a bit of a learning curve for me and I just kind of, you know, let you guys learn alongside me. So yeah, again, if you're looking

for a project and you maybe either have a mini PC or want to go grab one and tinker and try some, highly encourage you to. It's, it was a lot of fun putting it together. Anyways, guys, With that, I will say I am out. What I will say also is once again, if you want to be part of the Bitcoin mentor army, an army of educators, then please do scan the QR code on the screen and become a Bitcoin mentor affiliate. And anytime you have friends, family, or just acquaintances that are hitting you up asking about Bitcoin, but you want to send them down the right. path to make sure that they have all the tools that they need so that they can purchase, use, and secure their Bitcoin using the best practices, then send them our way. So yeah, you can sign that QR code, sign up to be an affiliate. And every time that you send somebody our way, every session

that they book, $21 for you, not just one. So if they book 10 sessions, there's 210 bucks for you. and it gets paid out in Bitcoin at the end of each month. So join the team and start stacking sats while new Bitcoiners stack skills. Anyways, with that, I am out. Have yourselves a wonderful day or evening, wherever you may be. I'll see you guys tomorrow for a while. Why are we bullish? Have a wonderful night.

This was your daily session.