Samson Mow FINAL WARNING To Trump—Get THIS Much Bitcoin or DIE
00:00Samson's Mao's final warning is a slap in the face.If the U.S. doesn't start building a strategic Bitcoin reserve, it risks being outpaced by nations that already have a head start.While Washington kicks the can down the road yet again, now even floating the idea of removing the debt ceiling entirely, other countries are watching closely and moving fast.Mao isn't just making vague warnings, though.He's putting a number on it.He's telling governments exactly how much Bitcoin they need to secure their future.So the question becomes which countries are actually making movesand how much Bitcoin will they need according to Mao's plan.
00:47Today, we're going to break down the numbers,the countries that are in motion,and what it all means for the U.S. if they fail to act in time.This isn't just about stacking sats.It's about strategic survival.Stay tuned.You're not going to want to miss a beat.I am Ben with the BTC sessions.
01:06This is your weekly session.All right.I want to bring in my co-host, Mr. Nathan Fitzsimmons of the Bitcoin Mentor.How you doing, buddy?Buddy, I'm doing pretty good.I'm doing really good.And I want to be a good friend.I do.
01:24I want to ask you, how was your trip?How was Oslo?How was the family?But I'm much more curious if you saw it.Did you see any tweets from Elon today?Did anything come up on your feed?You know, there might have been a tweet or two that was shared by a few people that happened just a few hours ago.I'm not quite sure.
01:45I don't know.But maybe we'll touch on that in the next segment here.So, yeah, it should be a good time.But let's dive into what's going on here, what Samson Mao said in regards to nation states and the U.S. being front run here.Let's just get us pretty over off the side here.And so this is over here on Coin Telegraph.The title is US risks being front run on Bitcoin Reserve by other nations.And so basically, Samson Mao said it would be incredibly ironic and unfortunate that the US, which took bold steps and the Trump administration, which took bold steps to push this forward, gets front run by other nation states that are inspired by their own actions.
02:33It's been three months since Trump signed the executive order, and Mao says the U.S.has to start acquiring Bitcoin this year.The risk is that the U.S. is front run by, for example, Pakistan, and they were on the stageat Las Vegas saying, you inspired us to start.And it's not just Pakistan that is starting to look at this.There's plenty of other examples.And in terms of how much Bitcoin Mao is advising nation states to stack, this was actually a tweetfrom back in 2023, where he said, I'd say nation states should aim to accumulate at least
03:13200,000 Bitcoin in their treasuries.This was at a time when micro strategy had 132,000 Bitcoin.So a nation state should have more than a corporation.Well, I mean, Microstrategy, as of right now, there should be.sitting at 580,955 Bitcoin. So if the reasoning of Samson Mao still stands and he thinks thatnation states should have more than corporations, then he's basically saying like 600K Bitcoin pernation state, which clearly there's just not enough to go around. But with that said,a quick kind of rundown of some of the examples of nations that could be in the
03:58running to actually front run the US in something like this.So here's Samson himself saying, and by the way, this was in May, made a short stop in Taiwanafter Japan to meet with J.C. to discuss the urgency for a Bitcoin strategy as the time leftto accumulate a good size reserve is short. We talked about Bitcoin and only Bitcoin in itsrole in national security and financial stability. They've been laying the groundwork for Bitcoinin Taiwan by getting the regulator to allow Taiwanese investors to access foreign BitcoinETFs. Six months ago, he also initiated discussions with several government officials about aTaiwanese Bitcoin strategy. We agree with Trump's executive order creating an SBR in the US.
04:43Now the time is to advance it in Taiwan. There are others as well. So here's Samson Maotweeting out the election of the pro-Bitcoin Democratic Party candidate in South Korea.just recently as of a few days ago, I believe.We also, of course, as Samson Mal had mentioned, Pakistan, following in the U.S. footsteps,they announced this on stage at Bitcoin 2025.Furthermore, an outlier that you would not expect, especially with their recently, you know,their multitude of draconian actions.but the UK, Nigel Farage, he is the Reform Party lead, and he vows to establish a Bitcoin
05:35Reserve and pass, quote, pro-Crypto legislation once he's in government.The UK is just an absolute mess, so who knows, he might actually stand a chance.And then even just back as far as just a month ago, Ukraine, Strategic Bitcoin Reserve Bill,reportedly in final stages.And of course, Poland also has recently elected a pro-Bitcoin president.No specifics in and around reserves there, but that could be interesting as well.And so all in all, there's a ton of kind of clamoring around this part of it, of course, is the U.S. has made some moves, although not yet followed through on them.And so that's part of it.
06:17But on the other side of things, it's just the general actions of the U.S.I think they're seeing some of the writing on the wall in and around what they're about to dowith their spending and monetary policy, which we'll get into in a little bit.But with that, Nathan, I'm kind of curious your thoughts on this idea of the U.S.ironically, being front-run on their own policy of a Bitcoin Strategic Reserve.Do you think that there's some people chomping at the bit to get it going in their own countries,and will they be successful before the U.S.?Well, I mean, like everybody has the same incentives to get as much as they can to pile in as soon as they can too.
06:59I also found it interesting.And I guess it's probably just kind of on accident too, that essentially Mao was originally proposing 1% of the supply.It's like you got to get in there and get roughly 1% of that supply.In terms of like other nations moving in, they'd have to move aggressively.But I agree that to his point, to announce.it to the world to begin, you know, to rebrand the Bitcoin that you already had. That was the startinggun. And there's no benefit whatsoever by one announcing it and then not running it. You got to dothe Michael Saylor strategy, right? You buy an announce to the world. You buy an announce to the world.
07:30And you just keep going and keep accumulating. Even if that time is not now, there will be apoint in time. So they absolutely like the clock is ticking. Eventually somebody else is going tostep up and move hard. There are big players that could try to make a sizable move.The U.S. has all the advantage in the world to make it happen now.So they have no reason to sit back on it.And funny enough, too, even speaking with Stephen last night from the Bitcoin Policy Institute,he mentioned that something like 40% of Bitcoin is currently held in the U.S.,not by the U.S., but just held in the U.S.
08:02You're already kind of the epicenter of Bitcoin.You might as well just keep pushing forward.Yeah, yeah, exactly.It's interesting.There may be some movement that is happening.This is just the other day, but Bo Hines, he's the head of digital asset strategy for the White House.And he did meet with Naïbe Buckelly, and they did discuss some of the strategy in and around that.We don't have a ton of information, but it does indicate that the U.S. is starting to figure out what they want to do with it.
08:40But man, it's the bureaucracy that gets in the way.It's not like you can just decide on something and go.All this stuff just gets caught up in so much red tape.And, you know, it's just a self-fulfilling prophecy.The U.S. is just going to be while at the same time pioneering a movement,to a degree, I know El Salvador did it first, but pioneering a movement on a global stage,but then stuck unable to push it forwardand giving people the space to do it first.
09:15So I don't know.Anybody watching this,if you're looking for a takeaway for yourself,you still have time to stack before the U.S. does.So, you know, get on it, I would suppose.Get in there and make it happen too.The people that I've been talking to,I kind of got put on blast a little bit.
09:31I don't think I was giving Senator Lummis's Bitcoin Act enough credit.I really had kind of dismissed it in my mindthat it wasn't going to come to fruition.But realistically, like, I didn't see the existing strategic Bitcoin reserve.Like, I was even, you know, kind of questioning whether an ETF would ever be possible.And that wasn't that long ago as well, too.So you're right.If you still have time, get in there, push it, get your own stack as fast as you can because
09:53somebody's going to move.And to that point, man, I just want to say, I love Samson Mao's permable, the OmegaCandle thing.I think it's just absolutely fun and delightful.But I don't blame him.I was trying to, like, empathize with his position.you know, what would I feel like if I was in Samson Mao shoes?This guy, I pulled it up recently.
10:08He's gone to Japan to talk to them, Colombia, Costa Rica, Mexico, and Suriname as well, too.You know he's talking to central bankers and politicians around the world.And I'm sure he's talking to a lot of them in the U.S., and probably home in Canada as well, too.How could he not be outrageously bullish?I would be foolish to think that he maybe doesn't have some information that we don't have.Yeah, yeah.And it will take time, as I said, bureaucracy.it's not just exclusive to the U.S.
10:36it's going to be everywhere.But each one of these things is a touchpoint.And just to clarify kind of my position here,I'm not cheering on the idea that governments will own Bitcoin.I'm mostly just observing the fact that game theory is playing out as anticipated,that people are realizing that the writing is on the wall,which, again, I alluded to it quickly,but we didn't fully take a look at this regarding the U.S. national debt.
11:06And we're going to dive into this in the next segment, but I kind of want to tease it a little bit here.So here's Brian Armstrong of Coinbase, delete Coinbase, but he does have a point here.He was showing the U.S. national debt year over year from World of Statistics.And he said, if the electorate doesn't hold Congress accountable to reducing the deficit and start payingdown the debt. Bitcoin is going to take over as reserve currency. I love Bitcoin, but a strongAmerica is also super important for the world. We need to get our finances under control.And Elon Musk replied with an American flag. Samson Mao said, there will be no deficit reductionand it cannot be paid down or mitigated through growth. There are only two possibilities now.
11:55one hyperinflate or two rebase to bitcoin one is passive the other is proactive the outcome will be the same umso you know nothing stops this train linald un always says uh nathan any any quick thoughts herei will add yes i'll take the flip side of that you know because i know we go back and forthwith the government adoption is a good is it bad i'm going to take the more optimistic one and i'll pointout like I was an ANCAP before I was a Bitcoiner. I just think that it doesn't matter who adoptsBitcoin. It comes with a giant suppository of freedom and there's no escaping that. So I thinkit will still have the effect that we need it even on governments. Absolutely. We got to lovethose freedom repositories. Well, this isn't the only mention of Elon we're going to have this
12:43show, nor the only mention of the crippling debt that the U.S. is currently under.because, man, things have gotten spicy.We were prepping for this show, and then I went on X,and my feed was flooded with the most fourth turning shitI have seen in quite some time.Like, astounding.It was one of those, like, all of the shock.If you go search for a GIF and you search shocked,
13:18I did all of those things when I saw.saw Elon's tweet to Trump. So shit's getting real. Very fourth turning-esque. If you don't know whatthat means, stick around because on the other side of the jump, we'll teach you about the fourthturning and the sovereign individual and how that applies to our current situation with all of thisElon and Trump stuff, but also how it applies to Bitcoin. If you're enjoying the show,please do smash that like button. It helps a ton. We'll be back in just a moment.on the other side to address the craziness with Elon Musk.See you in a sec.
13:57Bitcoin Well is the best place to be buying and selling Bitcoin in Canada and the U.S.And now with Bitcoin Well Infinite, it's also the best place to be making large buysat their OTC desk of over $50,000.Their white glove service gives you fast transactions, no slippage, and the lowest fees.You can scan the QR code on the screen or simply head to Bitcoinwell.com.slash BTC Sessions to sign up today, and you can share your own personalized referral link to earncommissions. Debify is the best and easiest way to borrow against your Bitcoin in a non-custodialway. Funds are held in a multi-sig escrow where you hold a key, and the platform allows for
14:43excellent hardware like the cold card mark four and the queue. You have access to flexibleconditions, the best rates, and institutional grade liquidity. If you're looking to make use ofyour capital, don't sell your Bitcoin, borrow against it. You can head over to debify.com to checkthem out or simply scan the QR code on the screen. All right, we are back in before we startchatting about the absolute mess that is my X-Feed right now. We're going to give away somestats. I'm over here on Bitcoin. Well, if you want to check them out, QR code is on the screen.awesome place to stack sats in Canada and the U.S.And as you use it, when you sign up, when you buy Bitcoin or for friends, you earn points that can be used to redeem and buy swag or to throw in the wishing well and win up to a million sats.
15:35So we're going to do that right now.All you need to play is a lightning wallet and you're going to scan the QR code that hits the middle of the browser window.And whoever scans at first will steal the sats from everyone else.453 sats today.So give that a scan.If it's not working for you, you weren't quick enough.You've got to be faster on that trigger finger.But nonetheless, congrats to whoever wins.
15:57Let us know in the chat if you snagged those sats.But I digress.Let's chat fourth turning.Nathan, are you a reader of the fourth turning familiar?Oh, yes.I'm quite familiar with William Strauss and Neil Howe's work.Yeah, yeah.It's a seminal book.
16:14It was written in the 90s.And it basically is an observation of cycles throughout history in humanity, how societyebbs and flows and deals with where they're born in this cycle.The cycle boils down to a trope that goes something along the lines of strong men, creategood times, good times, create weak men, weak men, create bad times, bad times, createstrong men. And so it continues. And so in the grand scheme of thing, the fourth turning,so the fourth turning in that it's the bad times that create the strong men, if you look historicallyat those cycles, we would be placed in the midst of a fourth turning right now. And the fourth
17:08turning is categorized by a number of different qualities. But according to their generationaltheory. It's a crisis period marked by societal disruption, often involving war or revolutionwhere institutions are destroyed and rebuilt in response to a perceived threat to survival.It's characterized by a strong sense of danger and a need for collective action. This phaseis a pivotal point in the cycle, pushing individuals and societies to confront fundamental questionsand forge a new path.So there's a crisis and an upheaval, a perceived threat, institutional breakdown.So trust in institutions dissolves and we begin to break those down and replace them with new ones.
17:56There's a lot of conflict and war and uncertainty.There's a shift in values and identity.And there's an emergence of new institutions.And I would argue that the new institution, the strongest of which we're seeing, is Bitcoin.It is a replacement of our federal reserve or central banking infrastructure, which allows for the siphoning off of the fruits of people's labor.And we're also seeing because of the confusion around how that's working and why people are doing worse and worse when we should be doing better and better, people are very uncertain and are beginning to not trust what the TV tells them anymore.And so we're very much seeing a lot of that and the breakdown of all our institutions.Now, the other book that I wanted to make mention of here is the sovereign individual.
18:47So the sovereign individual, the core thesis there, is that individuals, particularly in the ageof information, so the dawn of the internet, and they did write this in 96.So there was no Bitcoin then, but they did foresee it happening in the future and said that it wasintegral to their thesis will gain increasing independence from the power and influence of nationstates. They envision a future where individuals have more control over their own destinies,freed from government oppression and societal prejudices. So they talk about things like flag theory,going where you're treated best, the creation of digital nomads, people that could live and workanywhere and now get paid anywhere. And again,
19:33deliberation from nation states and the dissolution of many nation states.We're seeing a lot of this happen right now. We're seeing a lot of tension in Canada,in particular in our province of Alberta, looking to separate potentially because of therecent election. But we're seeing it little hints of it everywhere.And actually, Nathan, you just had on Katie from the NP passport talking aboutflag theory recently, correct?Oh, yeah, it was fantastic.If you guys haven't checked it out, go back.
20:01It was not this week's, but last week's podcast episode.And Plan B has now been bought up by Citizen X as well, too.But it was basically a rundown of like, here are your best options for Bitcoiners for,you know, planning to get the F out of me, B.Yeah, yeah, it was solid.Go check it out.Katie is a legend.Actually, Katie is helping my wife get her second passport because she does have some ancestry
20:23from Ireland.So that one's on the way.Nonetheless, I'm going to start with a seemingly crazy and unhinged tweet.It is the most fourth turning shit I've seen in quite some time because everything seems upside down and crazy.But here's Elon Musk tweeting out just today, like a few hours ago, time to drop the really big bomb.Donald Trump is in the Epstein files.This is the real reason they have not been made public.Have a nice day, Donald J. Trump.
21:00That's crazy, first of all.And so how did we get here?What led to this?And funny enough, it was the money that started this,namely the inability to control spending and forever printing.So let's jump back just a couple of days.Elon Musk, I'm sorry, but I can't.stand it anymore. This massive, outrageous, pork-filled congressional spending bill is a disgusting
21:33abomination. Shame on those who voted for it. You know you did wrong. You know it. And he's talkingabout the big, beautiful bill that they passed, basically trillions of dollars in excess spendingafter he just spent months, basically gutting all of these government programs scraping togethera few billion here, a few hundred million there,cutting all the ridiculous waste,and it was all undone,and overspent by trillions overnight.And like, you know, this bill was passed in the middle of the night.
22:13Most people didn't even read it.Nobody even had a clue.And Musk, you know, I would say rightfully so,is saying this is crazy.And just to kind of point to,his previous stances on the U.S. and its debt.This is a clip from 2021.So I just want to play this one-minute clip of him talking about the budget deficit.
22:37The federal budget deficit is insane.You know, it's like $3 trillion.Federal expenditures are $7 trillion.Federal revenue is $4 trillion.That's a $3 trillion difference in, if this was a company, it would be a $3 trillion loss.So I don't know if we should be.be adding to that loss. That seems pretty crazy. Something's got to give. You can't just spend$3 trillion more than your own every year and expect, you know, don't expect something bad to happen.
23:08I think, you know, this is not good. The deficit is more than $3 trillion when you look at thefuture obligations. So it's $7 trillion of current expenditures, but it's much more than thatif you look at future obligations for Social Security, Medicare, and so forth. So we're running.this incredible deficit someone's got to give i i don't know let's just can't keep going the federalbudget deficit i mean he he clearly for a number of years has been very concerned about thisand um and since the shake up between him and trump um he's been sharing all these old clips butalso sharing tweets of of trump from back in the day uh also talking about wasteful overspendingTrump saying, I cannot believe Republicans are extending the debt ceiling.
23:58I am Republican and I am embarrassed.Or no member of Congress should be eligible for re-election if our country's budget is not balanced.Deficits not allowed.And him saying this and then today or like in the past couple of days here saying, I actuallyagree with Elizabeth Warren, we should get rid of the debt ceiling so that we aren't, you know,so that we don't have anything in our way to just basically spend as much.much as we please at all times.It's a huge departure from previous messaging.
24:31And it makes sense that he would be so upset about it.Before I go on here, Nathan, I want to get your hot take on what you're seeing here withElon and Trump and all of this stuff with the debt.All right.Well, quickly cover the children's ears because I fucking love scorched earth Elon.Like, this is absolutely delightful.But I do want to say it.It's like a message for the other Bitcoiners out there is that.
24:53this is possibly a real opportunity,and I think it's something that's going to be very hard and hurtful for peoplethat are still living in the mindset that we can vote our way out of this.What I like about this, and I'm sorry for those that it would impact necessarily,is that there was no voting our way out.The system itself is what's broken and what's corrupt.It doesn't matter who we put in place there.And this was kind of one of those, like Trump and his movement to socially
25:17was one of those last kind of institutions that I want people to see it basicallyfail or to realize that it wasn't what they thought it would or couldn't accomplish all they could.Now, don't get me wrong. I'm very happy. I was a fan of the guy in 2016. I absolutely love andwill not disregard the fact that he freed Ross. That actually happened. That was really,really critical and important. But I want people to stop thinking that they can fix the existing systemand going right back to that fourth turning, we've got to dismantle the old institutions and start rebuildingthe new. So for Bitcoiners, if you've got like Big Trump fans, friends of these things too,this is an opportunity to go like, hey, man, you were absolutely right on the problems on what has to happen.
25:55And, you know, we need to make some changes here.But it's not going to be anyone that we put in office.We need to look at rebuilding, scrapping the old and starting anew.Yeah.And there was a lot of people chiming in on Elon's comments on the debt and on this bill talking about, hey, like, listen, man, this is this is the nature of the system.There's no way around it.There's no way of changing it.you need to opt out, you need to come back to Bitcoin, you need to realize that this is the solution.
26:26And there's some speculation in and around him perhaps beginning to realize that.I know that he definitely wasn't very well versed in the 2021 cycle when he first bought Bitcoin for Tesla and SpaceX and all this and started accumulating it.And then he later sold some Bitcoin.He had some pretty bad ideas in and around scaling and talking about Dogecoin and all this stuff, some pretty bad takes.But I feel like economically, this is beginning to be more of a wake-up call for him that you can't fix it from within.You need a secondary system that you can escape to.Would you echo that?No, I completely agree.
27:11You're absolutely right in the sense that there was no more within than the position that he was in.He was just given free reign to go and try and fix it.And just even thinking about it, jumping back to the original point, too,what's so exciting for me about this moment and kind of what we're going through right now,I think we're in that fourth turning moment.We're in that final season here.But I think the difference is it's not hard times make strong men.I think right now it's hard times make bitcoiners.
27:35And we might actually have a chance to break this cycle.So I completely agree.And I do think that there's no way.I mean, I was looking back at it.I think Musk had something like 40,000 Bitcoin on Tesla's balance sheet.at some point in time.And it's currently sitting at over 11,000 Bitcoin right now as well, too, which is likeone point something billion dollars in terms of value, you know, assuming that the market hasn't
27:56completely tanked because Trump and Elon are fighting as we're talking.But there's no way he doesn't know that this is at least possibly a solution.And I would love nothing more than to welcome him into the fold, get rid of Doge, welcomeinto the fold as a Bitcoiner, same with every other maybe disheartened, you know, Trump'ssupport a Republican at this point in time. Yeah, yeah, absolutely. And that may very well happen.Time will tell. But Samson, again, alluding back to the previous topic we were on, he did tweetout, Elon, it's time to go all in on Bitcoin. Tesla can take Bitcoin for payments again andimplement a Bitcoin treasury strategy. SpaceX can give a discount on launches paid in Bitcoin,
28:39force a hard money standard on the money printers. And then he said, at least do it before they freezeall your fiat assets and yes absolutely um who knows what what i wonder is if if elon is is alluding to andthat that previous tweet with brian armstrong Elon replying here with a u.s flag to the thing himsaying that bitcoin is going to take over as the reserve currency if the u.s can't get theirshit together if that's Elon's thinking and he's beginning to agree withwith that idea.How doesTrump react to that?
29:20Because he's been pro-Bitcoin,but he's also been pro-Shit-Coin.And I think just in general,he saw it as a mechanism to get votesand a mechanism to enrich himselfthrough Trump coingarbage like that.But I've got to imagine
29:37if Bitcoin becomes a real threatto the ability to print moneyand have that money actually worthanything to be able to buy actual assets and actual resources, that becomes a problem.I could see Trump doing an about face, and I wonder what that looks like.Because again, in a fourth turning, the number one thing, the name of the game is volatility,not just in asset prices, but in society in general, in our institutions being torn down,trust in in people and institutions.
30:17That all goes out the window.And like in terms of like if we look at price volatility,I mean,I find this hilarious that like what we just talked aboutwould cause anybody to think I should sell Bitcoin right now.Like it's stupid.But we did see Bitcoin drop a few thousand bucks in the past.I don't know,
30:37give it a few hours, right?Since like this morning.And I think the important thing here is to realize that when you live in volatile times, people have a hard time placing value on the right assets.And a perfect example of this, another great book to read, is when money dies.And it catalogs what happened in Weimar, Germany, during hyperinflation.And just to show the chart of gold's price during this period in time, this is how volatile it was.relatively stable up until kind of like the mid-teens.And this starts going a little bit wild.
31:17And during this valuation, the gold price in the Weimar mark,it was whipsawing back and forth up and down like crazy.So if you were trying to gauge value from the standpoint of the Weimar mark as a measuring stick,you would not be able to actually measure anything.You had to step outside the system to understand what was going on.And I think even though it's not as stark, these types of movements,when people are calling out exorbitant spending are indications that people don't understandwhat's going on because their measuring stick is broken.
32:05And I think James Lavish said it best here,Good afternoon.If you are selling Bitcoin because the richest man in the world is fighting with the most powerful leader in the world, you have absolutely no idea what you own.Have a great night.I think he couldn't have said it better.And yeah, we need to really appreciate what we own here and be careful with it.So keep stacking those stats regardless of what rich person is calling out what Paul.politician. Nothing stops this train. Now, Nathan, there's some interesting stuff we're going to hit on the other side of the jump.
32:47Do you want to maybe tease a little bit of, we saw some interesting stuff about potential seizure of people's Bitcoin.That's a little bit wonderful. As we see more and more politicians in countries and states, you know, taking a stance on Bitcoin.It almost seems like some may have sneakily added some things to their own benefitthat they might might at some point grab your stack.It's a firm, firm, wonderful reminder that not your keys, not your coin.We're going to find out exactly what the hell Nathan's talking about on the other side of the jump.Stick around and also if you're enjoying the content, please do smash that like button.We'll see you guys in just a second.
33:30Looking for a simple and secure way to manage your Bitcoin on mobile, Aqua Wallet has you covered.It's user-friendly and puts you in full control of your Bitcoin with secure self-custody.Aqua also supports lightning and liquid network, making fast, cheap Bitcoin payments and asset transfers easier than ever.Plus, it even supports stable coins giving you ultimate flexibility.Build on open-source code, Aqua is transparent, trustworthy, and perfect for beginner and pros alike.Ready to upgrade your Bitcoin experience?Click the link in the show notes or scan the QR code on the screen now to download Aqua Wallet today.Securing your Bitcoin doesn't have to be complicated or invasive.
34:14With Nunchuk's Honey Badger Plan, you get state-of-the-art Multisig with built-in inheritance planning and no KYC required.Nunchuk is trusted by users to secure billions of dollars in Bitcoin.The Honey Badger Plan offers 204 assisted multi-sig, guiding you step-by-step on mobile or desktop.It works seamlessly with hardware wallets like TapSigner, Cold Card, Jade, and plenty of others.So you're always in control.Plus, with non-KYC inheritance planning, you can ensure your Bitcoin goes to your loved ones.No private info needed.Take control of your Bitcoin today.
34:48Click the link in the show notes or scan the QR code on the screen to check out the Honeybadger plan.Coin Kite has been in the game for years creating hands down the best and most secure hardwarewhen it comes to securing your Bitcoin.The cold card Q is an absolute powerhouse and my daily driver,and it's ideal for newcomers and advanced users alike.The TabSigner gives you a low-cost, user-friendly optionfor those just getting started or for convenience when traveling.You can head to coincite.com and use code BTC sessions for discounts
35:23or simply scan the QR code on the screen to get started right away.All right, we are back in and let's chat a little bit about this California bill that just passed.And there's some nuance here.There was a correction issued on behalf of TFTC here.But let's take a look.They said California just passed a bill to seize Bitcoin left idle on exchanges.After three years of inactivity, assets can be taken by the state under the unclaimedproperty laws, Bill now heads to the Senate. Now, the correction here is it does not mean the
36:08government will seize your Bitcoin. It applies to unclaimed property rules to inactive exchangeaccounts requiring assets be held, not sold by the state. Your Bitcoin stays your Bitcoinand can be reclaimed at any time. But the main implication of this is people that defer tojust putting Bitcoin in a custodial exchange.And there are a lot of people that do this.They just buy Bitcoin.I've got a Bitcoin account somewhere, bought it.And you think of some people that maybe buy in a cycle and they're all excited about
36:47and then they just kind of leave it there and they forget about it.That means that in the kind of four-year Bitcoin cycle, if somebody's not paying attention,after three years, the state then can take that Bitcoin into their custody.you then have to go through the process of reclaiming it under this type of law.And so it then puts you at a position of disadvantage where you are now beholden to the state.You have to go and argue, hey, this is mine.Can I please have it back?That's a precarious spot to be in, especially with the ever-evolving laws,
37:26and especially with previous precedent set for the potential banning of self-custodyas proposed by people like Elizabeth Warren,who Trump now agrees with on particular things.Who knows if he might agree with her on this in the future?Anyways, Nathan, I want to get your thoughts first here before we move on.No, it's funny that you mention that because you would not believe how many people with Bitcoinmentor that I've talked to that forgot about coins that they had purchased or even left onthe exchange. I'm sure it's going to be less common going forward, seeing as how we're still
38:01currently in six figures. But there was a point in time. There's no reason that even someone couldbuy a small amount now, kind of forget about it. You know, Bitcoin does a 10x over the nextcouple of years. That's not unreasonable. That's not outside of its history. They go, oh, crap,I've actually got meaningful money sitting there. And now you're, now the ultimate in FU money,you're going to have to go cap in hand to the California government to say, please, sir,may I have it back? Could I please have my Bitcoin back? Because it never really was yours.And so it's reinforcing that point that like one, get it off the exchange, get it into your own custody, play around with it.And the other thing, too, is that this bill really seemed like kind of a like bipolar crazy lady, crazy cat lady or something going on there.
38:40Because it had this aspect to it of them taking it in, but it also seemed like they were trying to be positive about it.There were some aspects talking about recognizing it as, you know, recognizing it as, you know, recognizing digital assets.Of course, they've always got a lump in crypto and all that other shit as well, too.Stuff you guys know better then.And they were talking about actually, I think it was at least setting up that it could be used.as payments. I don't know what that means necessarily in terms of tax implications, but I think it wasalso setting it up to be realized as payments to the state that if you had to pay the Californiagovernment, you could pay them in your Bitcoin as well too, which is just, you know, let's not,
39:09let's not give our Bitcoin to the California state government. But it was just a weird bill,but just another reminder that even if they have the best of intentions, right, don't leave yourkeys with somebody else. Yeah. So basically they're saying you can, you can voluntarily give usyour Bitcoin for taxes. But even if you don't voluntarily give it to us, if you live with somebodyelse, we might just take it anyways. We might just take it anyways. And the other thing on it that Iabsolutely hate is just it's setting the precedent, regardless of the terms and conditions that it'sunder, that they can go and take it. They're setting up that that's okay. Yeah, exactly.And then, and again, that Overton window, when it begins to shift, and then people start to say, well, of course, like, if you didn't, if you didn't want your Bitcoin taken, then you shouldn't have left it with a trusted third party. Like, it's, don't you know the law that they just take it after three years? Like, that's a, well, I agree with the idea of don't leave your Bitcoin on exchanges. I also don't think that somebody should be able to just go in and grab it if you haven't made it.
40:16a transaction in a few years.And again, I see people on the chat, and it's gone.Yes.So, I mean, as a Bitcoin, you need to be privy to these types of things.You need to realize that it's not just the risk of the exchange taking it, the exchange gettinghacked and somebody else taking it.It's also the risk of the government coming and taking it.and we're seeing more and more overt pushes for stuff like this.
40:48You got a little bit of a reprise in the U.S. with the election of Trump,but things are peeking through that there's going to continue to be a push.And again, I'm going to throw it back to the end of that first segment.If this becomes a reality, if the reality is that indeed nothing does stop this train,Bitcoin does become the alternative.I would argue it already is.And when everybody realizes it, there's going to be a push like another to take yours.And you don't want to be in a position where you make that easy for them.
41:31So you need self-custody.And so with that, I think a good recommendation that I want to give today is in and aroundarming yourself with the tools. And so I'm pretty happy and proud of this page that we put togetheron the website here. This is your zero to hero Bitcoinser in one page. And it covers a lot of skills.Nathan, I'm wondering if you might outline some of the skills you think that any beginnerBitcoiner should have. Like when you're talking to people through Bitcoin mentor,what are you typically getting people to cover initially?Well, for me, right, the goal is ultimately new towards self-custody.
42:16One of the most important aspects of that as well, too, is just first understanding what it is that you're actually holding, right?It's important to spend some time, do a little bit of learning, do a little bit of reading, go through some events tutorials to understand that, you know, the classic like your Bitcoin is not actually on your cold card, right?What you have there is the authorization to move it, to really familiarize yourselves with the concepts and make sure that your basic understanding of how everything's interacting together.What is the device doing?What is your phone doing?where is the Bitcoin? What is the address?That you've got that locked down.And then from there, really it is,
42:46I find that the best way to learn these thingsis to start to use it.Like a lot of different skill trades,the kind of apprenticeship model,let's try it, let's send a transaction,let's talk about why we're doing what we're doing.Let's talk about how we can validate and check that one.And it really is building up on those skills, right?
43:02You can start in a hot wallet.So maybe we go right to cold,and as long as you know, you're taking your time,you're working your way through the tutorial.That's a great position to be in.But the most important thing is the end goalis to start using it because it's really when you use it, that all those different, the newvernacular, everything else that involved, that's when it clicks. You've got to play with it,
43:20even if it's a small amount. That's where you've got to start. Yeah, I 100% agree. The medium itselfis the learning mechanism. That's how you actually learn. You don't just talk about it and then learn andknow and then start using it. You have to use it to know. And so that's kind of what we'veconstructed here. Just if you're wondering, I'll pop up a QR code down below. So we're on the mainwebsite and maybe I'll go back to the main website first. Just so you know, we are doing a monthlycold card giveaway. All you need to do in order to be automatically entered into that is justenter your email for our newsletter, which goes out once a week and it gives you a little recap ofwhat's been going on. But nonetheless, check that out. And if you want to get the Bitcoin
44:09like single page zero to hero just at the top of the website just go to learn and this will this is aone page or you can send to anybody that's just starting in bitcoin and they can use it to level all theway up um so it gives like an example of a hot wallet a cold wallet um how to obtain bitcoin it showsfor intermediate people some privacy stuff some hobbyist home mining how to run a node and thenfor some master stuff,how to set up your own lightning node,how to use multi-sig on your own,how to do inheritance planning
44:47with like an assisted multi-sig.There's all kinds of useful stuff here.And when you get down to the bottom,there's also playlists for diving deeper.You've got buying and selling Bitcoin,mobile wallets, hardware wallets, nodes,mining, privacy, multi-sig.And these are just full playlist
45:04on all kinds of different tools,not just the ones that were hands selected above.So you've got kind of you run of everything,and then down below, if you're still having trouble,then you can reach out to Bitcoin Mentorand book one-on-ones with us there.So it's all in front of you.Honestly, give this page to anybody.
45:24You can also find it at using bitcoin.io.So a nice little easy option to send to people there.But that's not the only thing that we've got going on, Nathan.I think, do you maybe want to chat a little bit about what we've got going on in Banff coming up here with this page?Yeah, absolutely.On June 30th and Ban, we're hosting our own little retreat and workshop here.The idea is kind of twofold.We want to do kind of a big full day in person, deep dive into like collaborative group,
45:56collaborative group wallets, privacy tools, and really build out some advanced skill sets for people.And we want to do it in person because realistically, like, we love those moments.The Bitcoin rodeos, tons of fun.The meetups are tons of fun.If you haven't gone to an in-person event, I highly recommend it.So half of the full day is basically hours of going into some advanced kind of Bitcoin toolsand things that we can do with a small intimate group here in Banff.And the other half is going to be hanging up.
46:20Cigars, dinner, whiskey, chilling, and just spending some good time with some good people.Hell yeah.I'm very excited for this one.It should be a lot of fun.It's right after the Bitcoin Rodeo in Calgary and the Sat Market, which we're going to be,which we're going to be having on the Friday evening.We'll have a night market.We'll have the rodeon over the weekend.
46:40And then we'll all head up to Banff for this.Now, this is like, this is meant to be like a very premium kind of event.It's going to be a very small, tight-knit group of people.We've got a hotel and everything set up there.And we've got a boardroom and everything that we're going to be doing the survival workshop in.And then in between, we're going to go hit some hikes in the,mountains and everything. It's going to be pretty badass. But I'm super excited about it and it shouldbe a pretty good group. But if you're curious about it, if you want to join us and come see the
47:14Rocky Mountains and the soon-to-be free state of Alberta, then you can scan the QR code and comejoin us there. It's going to be a pretty awesome time. But let's move on a little bit. I want to do acouple session suggestions here that I think are well worth sharing of some stuff to check out.So I just got back from Oslo, Norway, for the Human Rights Foundation, Oslo Freedom Forum.And we are doing yet another HRF webinar starting on Monday.It is a free webinar for human rights defenders that are brand new to Bitcoin, that arelooking to potentially use Bitcoin in their operations because they are being financially repressed,they're being debanked, they're being censored in some financial way, they need to fund their
48:07protests, their operations, whatever it may be, come learn about Bitcoin. So if you are awareof people that could use this, please send them this website. It's hrf.org slash program,financial freedom, unstoppable. But they'll be able to find it.just tell them to search here.I'll also drop it in the chat for anybodythat wants to just share in general on social media.I feel like someone should probably tweet this at Elon.I think he might need it.
48:38Yeah, who knows?He may have his assets frozen.Maybe he'll be sitting in our HRF webinar as of Monday.The stranger things have happened.So nonetheless, very excited to be hosting this againalongside Ana Chekovich and win, it should be a great time.And that HRF event, Oslo, was incredible.So I'm really, really excited about it.
49:04Nathan, I wanted to toss it to you.We also had some friends that did a recent pod.Do you want to give a little shout out here?That quick shout out to Tom Carraza from Rockstar Real Estate and the Your Life YourYour Terms podcast.And we have Len from the Canadian Bitcoins podcast,hanging out and having a wonderful chat.Guys, this one is like,
49:26there is not nearly enough views on the quality of contentand Bitcoin content coming out of both of these guys.So some of my favorite Canadian podcasters in the Bitcoin space,absolutely 10 out of 10 worth checking out.Love these guys.If you haven't checked out Tom stuff,if you still haven't gone and checked out the Canadian Bitcoiners podcast,and you are a Canuck, especially in Alberta,
49:44what are you doing?Get in there, join the chat, say some crazy shit,and have a wonderful time.It'll be pretty bullish when Len and Joey.You moved to Alberta?You moved to Alberta.That'll be, everybody is, it's going to be the mecca.That's what I anticipate.
50:03Nonetheless, the other thing that I'll say is, yes, I've just arrived home, but yes, I'malso leaving again very quickly.I will be in Prague.I love this, this event.It is so badass.This will be my third year attending.I'm going to be on a panel.I'm actually on a panel with Tony from Bitcoin Way.
50:24We're talking about custody solutions.So hats off to the gents at Bitcoin Way.Again, us at Bitcoin Mentor, we consider them to be top-notch, awesome dudeswho really have their shit together and are really good educators as well.And there's more than enough room for incredible educators in this space.So Tony, very much looking forward to seeing you in Prague talking Bitcoin self-custodyand the tools at everyone's fingertips.So very excited for that.
50:54And yeah, lots of stuff going on in Prague.If you do want to check it out,if you're going to be in the area,there's a QR code thereup on the screen for 10% off tickets.But jump on them quickbecause the clock is ticking down.It should be a good time, though.
51:11So anyways, with that,I think we're winding down.So Nathan, thank you for everything.Always good catching up.for holding down the fort with Wyrwood Bullish yesterday, by the way, too.I did my absolute best, Captain.Oh, it was a blast.If you missed it, go back, check it out.
51:28Who did you have on, by the way?We had Boyd Cohen.We had Stephen from the Bitcoin Policy Institute, Stephen Pollock,and we had Mr. Joe Burnett from Unchained.And it was a great panel.It was one of those talks where, man, if we were in a bar,get a couple pints, we could have gone for hours.I was trying to watch the clock.
51:45Those guys are fantastic.And they have a ton of amazing, interesting, unique insight.Awesome. Awesome. Love to hear it. Well, we're going to sign off here. Again, if you enjoyed this show,please do. Give that like button a slap. But we are out of here. So until next time,keep stacking stats, keep stacking skills. I'm Ben. This is Nathan. And this was yourweekly session. We'll see you guys next time. Later.
There aren't comments yet for this episode. Click any sentence in the transcript to leave one.