BTC Sessions - WHY ARE WE BULLISH? A shortage of SATS! ep123

Episode Date: December 4, 2020

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What is up, everyone. Welcome to yet another episode of Why Are We Bullish. We've got a hell of a panel today. And as per usual, we're just going to riff on some ideas of what has us bullish as of late. Are you guys in the chat bullish? There's already over 50 people in here. So thank you guys for joining us. Smash that like button. Give it a share. Everything that you do in that vein will appease the algorithmic gods of YouTube. and get it in front of more eyeballs. But as per usual, I am Ben with the BTC sessions, and this is your daily session. Here we go. As I always say, these things are live so anything can happen, any technical difficulties. Please do forgive them. And we'll reiterate that with a word from our good friend over here who had some difficulties of his own. We'll do it live.

Okay. We'll do it live. Do it live. I'll write it and we'll do it live. The thing sucks. So hopefully we don't have any of that going on, but let's get started here. I'm going to share my screen. Hopefully you guys have me momentarily.

There we go. I'm pulling up the bitbo.io dashboard. This thing's a beast if you ever want any Bitcoin info. We're sitting around $18,830 some odd dollars. For one American dollar, you can grab yourself. 5,309 sats. That sounds like a sale to me. Stack those while you can.

I feel like that 5,000 sat threshold, poor dollar is on the way out. As far as percentage of Bitcoin currently mined already. We're up to 88.39%. Keep in mind, that's going to hit 90% by the end of next. year. And in terms of fees, if you're looking to get into the next block, you're looking at around 77 sats per byte. Within an hour, you're going to look at around eight sats per bite, not bad. And if you're willing to wait a day or more, around one sat per bite, we'll do you. Of course, before we dive into this show, I got to give a shout out to sponsors of the show, leddon.io.

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with all of my favorite Bitcoin wallets, Bitcoin Core, Electrum, Wasabi on desktop, which is my go to and Blue Wallet, of course. If you're living on Bitcoin like me, because I'm as all in as you can be, I'm so fucking bullish, but sometimes I need to eat or get gas or shop or do a Christmas shopping, head over to BitRefill where you can use your Bitcoin, but you can also earn Sats back. These guys are an absolute godsend to me because, as I said, most, if not all of my income is Bitcoin and I need a way to live and this helps me do so. And finally, don't put your backup seed on paper because that's scary and it can burn or get water damage.

Put it on steel. One company that does so for you is the bill foddle or privacyprose.io. Head over there. Easy solution to back up the seeds to your wallet. And it's kind of you proof because you're much less likely to throw out some solid steel than a piece of paper. So be sure to check that out. Anyways, guys, let's get out of my screen share. And we're going to go ahead and we're going to be bringing in some guests here gradually.

Let me just get them all up here. We've got a killer, killer panel today. Welcome, gentlemen. How are you guys? Great, man. Doing well. I'm going to be here, man. Awesome.

This is a killer, killer group here. We've of course got Stephen Cole. We've got Nico and Phil from Simply Bitcoin and we've got Adam O'Brien from Bitcoin. well. I'm going to let you guys go down the line really quick. I guess I already gave names and sources, but just give a quick one or two liner about yourself. So Stephen, I'll let you kick it off. Introduce yourself, please. Sure. Hey, what's up, everyone? Stephen Cole, I'm here, I'm bullish. I've been in the Bitcoin space since 2013 organizing meetups. So I helped found the OC Bitcoin network down in Orange County, California. We've been building that scene up the last couple of years.

and investing in startups in the space. So mostly pre-seed, early stage stuff, focused on Bitcoin native, Bitcoin only, and working with entrepreneurs trying to build towards that Bitcoin future. Awesome, awesome. Well, thanks for being here, man. Nico, I'll toss it your way.

So guys, I'm Nico, or you guys know me on Twitter as BitVold 7. And I'm the CEO of BitVault.com. We host miners for cheap, because it's very expensive to run a miner at your home. We have around 2,500 miners at the moment. So it's a small meeting operation, but we do get very, very cost-efficient electricity cost. And yeah, I also love content creation. I run a YouTube channel.

It's called Simply Bitcoin. I do it with Phil. It's a daily 10-minute video. It's just to recap. It's awesome. We do a meme review, and it's a lot of fun. Happy to be here. Yeah, thanks for coming, man.

Phil, I'll toss it to you. I know that Nico just stole your thunder, giving you away the whole channel, but take it away, man. All right. Well, on Twitter, I'm Coin Icarus, and I'm just a Bitcoin plebe and remnant, and I'm bullish AF and happy to be here. And yeah, I co-host Simply Bitcoin with Bitfold 7. Awesome. Awesome. Well, thanks for coming. And Adam, take it away. Sure, yeah. I think Bullish AF would be something that describes me too. I'm, as Ben said, I'm CEO of Bitcoin Well. We have a Bitcoin ATM network up in Canada, 80 machines across Canada and been in the space similar to Stephen for going on year eight now.

So it'll be eight years next year. It's pretty shocking. You know, I feel like we're just kind of getting started all at the same time. We've been doing this for as long as I can remember. So it's been a lot of fun, seeing a lot of cool different things happening. And I think, you know, bullish a F is the best way to put it. Awesome, awesome. All right.

Well, gentlemen, the title of the show is, of course, why are we bullish? It's my favorite show of the week regularly. And basically we're just going to riff on reasons that were bullish. I'm going to toss out mine first, and we can kind of all drop some thoughts on it if you have anything to add in. And then we'll just go down the line and we'll each give a reason and riff on each one. So I wanted to point out the Sats shortage. And that's why I made the thumbnail for the video for this. A shortage of Sats.

Man, that's a mouthful. But in previous bull runs, we actually saw influxes of coins to exchanges as people were realizing, oh, this is going up in value and I'm going to put it on the exchange. And then maybe I'll trade some shit coins for that or maybe I'll sell a bunch. We're seeing quite the opposite leading into 2021, despite the price appreciation. In fact, I had just looked it up. And this would have been a headline from mid-November. But at that point, nearly 500,000 Bitcoin have actually left exchanges.

And so a couple of reasons for this. But one of them, I have to believe, is that you have different types of people buying Bitcoin. Namely, there's some institutions that seem to be coming into the mix. You've got the Michael Saylars of the world. You got places like obviously Square that are starting to stack within their company treasuries. And so I look at this and I see, you know, it kind of seems like the retail FOMO has even yet to begin. And meanwhile, we're seeing price appreciation and outflows. And that leads me to believe that when retail FOMO does kick in and potentially institutional

FOMO, there's just not going to be the sats to stack, or you're going to get a lot less sats for your dollar because who wants that filthy fiat. So this has me super bullish. I'm going to go down the line, maybe just get some thoughts on that. Stephen, I'll toss it to you. What are you feeling about this? I've been loving seeing those stats in the same way you have. And I think the sell side liquidity crisis is going to be a real thing. And that's a feature, not a bug. and I'm here for it. You know, there are only so many Bitcoin. We can't just print them and they don't grow on trees.

And so if people want them, they're going to have to pay the price that the hoddlers demand for their Bitcoin. And in the grand scheme of things, the opportunity to trade dollars for Bitcoin might be a limited time offer. So sooner the better. Yeah, I'm guessing that 5K conversion for a single US dollar is going to be short-lived. soon it'll be four and three and two and then it'll be zero because nobody wants you dollars anymore um adam what what are your thoughts what are you feeling here about this man i'm just thinking like

we we're seeing it worldwide like what you just said with it'll be zero because you won't be able to buy it with the dollar it's like that's literally Venezuela right now that that's that's that's what has happened there's a crazy premium so like you're absolutely right but i think kind of building off of what what Stephen said, there's no sell side. Like that's one thing that we haven't seen. We have corporations taking these massive public positions. And it's just like this underlying, you know, brick house of foundation that the entire market is just sitting on right now.

It's absolutely incredible. And to your point, you know, the last bull run was funded by, you know, Bitcoin as an on-ramp into the kind of alternative, I won't even call them a cryptocurrency kind of space. And here what we have is Bitcoin being like the asset. That's what people are wanting. No one's buying Bitcoin just to buy Ripple or buying Bitcoin just to buy these other, you know, Ponzi schemes. They're buying Bitcoin because they want Bitcoin.

There's a lot less kind of noise in the space. And it's really, really exciting to see our world kind of like waking up to what we've all known for quite some time. Yeah, nobody's buying Repel except for maybe Ralph Paul. At least he's warming up to it. It gets me because he's like super big on regulation. I think it was Palm tweeted out, what should I ask? What should I ask Raul Paul?

And I said, well, ask him since he's so big on regulation, if he's big on warming up to an unregulated securities offering. So we'll see if he ends up asking that question, but probably not. That would be my guess. Nico, I'll toss it over to you. What do you feel? Are you feeling the crunch?

Are you feeling this absolute scarcity kicking in? Yeah, man, I'm, I'm over bullish. And I'm going to hit it from a different angle, right? Because I like to mind, right? The hash rate is absolutely crazy, right? It took a little bit of a bump, right? But, you know, I always look after the halving, right? And historically, what tends to happen is that if the hash rate tends to keep going, right,

the price usually follows, right? And if you look back at 2017 when Bitcoin hit that all time high of 20K, the hash rate was 10 times lower than it is right now. And the hash rate really is the value proposition of Bitcoin, right? Because technically that's how much computational power it would take to rewrite the whole chain. Right. So that's the value proposition, at least from my eyes, right? And the fact that the hash rate just kept going, right? And compared to the loser coins, right?

B-Trash and B-Trash SV, man, their hash rates have stayed the same. Literally, if you compare, right? And Bitcoin's just gone parabolic. So from the mining perspective, you know, it's extremely bullish and the price usually follows. And the macro perspective, I think you guys summarized it perfectly. It's Bitcoin's getting this mainstream acceptance, right? The fact that, you know, I'm not a big fan of PayPal because they don't allow you withdraw, but the fact that they're just being okay with Bitcoin, right?

People forget, but Bitcoin used to be treated as if it's like, oh, you're a drug dealer, right? And now it's just, it's being accepted into the mainstream, right? You just hear billionaire after billionaire saying, yeah, I have some of Bitcoin, I have some in this and Bitcoin. And I think that this epoch is going to be so different than the rest. It's just going to be a flood, right? And exactly what you said, BTC sessions is there's not enough to go around. So I'm super hyped.

Yeah, 100%. I couldn't agree more. Phil, I'm going to toss it to you. How are you feeling about the scarcity out there? So a couple of days ago, I bought $1,000 worth and I got 5.2% of a Bitcoin. So just to put that into, I mean, I couldn't believe it. Like I sat there and I looked and what? 5.2%, which obviously it's good and bad, right?

Because we want a stack, but at the, you know, at the same time, you know, NGU. So it's very difficult to, you know, to anyways, you know what? It's a paradox and I'm always stuck in it, right? When the price goes up, I still want to buy. When the price goes down, I want to buy. Look, I've been stacking since early 2018. And all I can say is when I first got into this and I was looking at lightning and looking at Bitcoin and that 2017 pump had just happened. The fees went out of control.

We did not have the infrastructure that we have today. We are sitting at 18K and you can still get a transaction in. for one satin per bite. Think about that. I mean, the infrastructure is really getting laid out. And it's, I mean, I already thought it was solid in 2017 and 2018. But now it's just like, it's now going to become, it's becoming a staple. And for me, I just, I don't see any way around this.

Like people, we cannot be ignored anymore. You know, Bitcoin cannot be ignored. It is absolutely the dark mirror to the current financial system. Every single sneeze that system has, Bitcoin shows it, you know? It's like, yep, you just got sick, bud. So, yeah, they can try to, sorry. Well, I was thinking about infrastructure during even like Ben's intro, like just like the level of products that are out there that are, you know, sponsoring content and good content. And the, again, further, like, I was going to make a joke and I'll make it now, I guess.

I'm bullish because Ben's intro is just so much better than it was three years ago. NGU gets you better splash screens at the beginning. And you're like, so to your point, like the infrastructure is just, is just light years ahead of where it was, you know, in the early days, 36 months ago. Like, it's, it's, it's, it's absolutely mind blowing. Yeah. And Phil, I wanted to echo your, uh, the whole, you know, getting a payment or buying buying some Bitcoin because most of my income now is Bitcoin and I'll send an invoice and then I'll get paid for it and I'll be like, that motherfucker.

And then, oh, wait, wait, no, no, that's the right amount of, oh, my God, what's the price? Like, you realize because you're still thinking in dollars and then you're like, that could not possibly be the correct amount of Bitcoin. And then you look and sure enough, and sometimes you've been looking, you're like, oh, it's actually more because the price is gone up. And so like, you know, and you say, I think this is a case for making Sats the standard yet again because, you know, you said, oh, I got 5% of a Bitcoin. No, friend, you got 5 million Satoshes.

Yep. Absolutely. I actually think that to add on to that a little bit, that transition to making Sats the standard is so important. And I would love to see more of the Bitcoin community just kind of focus on driving that home in the next 12 months. Because I think there's that unfortunate psychological barrier to entry, right, that people have when they think about getting into this space. They see the price tag of a Bitcoin. And they either, in many cases, simply don't know that you can buy a fraction of it, which is unfortunate and very real.

And that's pretty easy to like explain to them. But even once you do, people don't like to feel like they have .0001 or something, right? There's that unit bias. So I think, you know, owning 50,000 sats is a lot more attractive than owning 0.00, however many 05s of Bitcoin. And so I would love to see, you know, just across all the educational material, all of the products in, you know, the wallet UIs, normalizing sats, making that the standard. I think it'll help big time. Go ahead, Ben. Oh, I was just going to say, I think we'll see a definite transition towards that.

Like, I think obviously first step is for literally everybody to implement the option to view it in Sats. But I think, again, you're right, as the educators and content creators and wallets and stuff, start pushing towards that as kind of like the default over time. It'll take a little while for people that are used to seeing the decimals to be like, wait, what's going on here? But, you know, it's like traveling. You go to a different country. You get used to the conversion pretty quick. You do that conversion in your mind.

You're like, okay, well, it's roughly this. And I got to think in these terms. You know, it'll happen, I think. Anyways, Adam, go ahead. Well, I'll just comment on the unit bias that Stephen brought up because it's so true. And the world, our society has this, this parrican. or this paradigm of more being better when it comes to units. And of course that's very true.

But that's what caught everyone in 2017. And even some of my friends, you know, you tell them about something in 2013, 14, 15, 16, and then they only buy at all time highs, which is which is just hilarious in and of itself. But lots of them were going towards, you know, oh, I'd rather have 25 million of something else than 0.02 Bitcoin, because, because they think like they think the chance of the rise doesn't exist. And that's something that our world, I think, is like kind of not really even ready for. Like there is no question in my mind, Bitcoin 5x is. No question.

And whether Bitcoin is $1 or Bitcoin is a million dollars, like there's just, there's just no question in my mind that Bitcoin 5x is because I know what the power of the mining network into your point about about hash rate, like that is the value proposition, hard stop. And so as long as the hash rate continues to do what it does, and as long as the algorithms continue to maintain their sovereignty, like Bitcoin will continue to rise in value. And that doesn't matter about the units. And so I think that going to the, to the, you know, SAT standard is what we have to do in order to get our world to kind of like wake up to being ready for it. Yeah. Well, I mean, when we think back to the peak in 2017, I mean, I was working at an OTT. desk and people were kicking in the door to buy $3 ripple because it was cheaper than Bitcoin.

100% man. You know, tens of thousands of dollars often in single sittings and they would just, well, ripples only a few dollars. It could be worth what Bitcoin is worth. I'm like, really, dude? Because there's 100 billion units and only less than 40% of that is currently available on the market. And the rest can be dumped on the market at any time and is being dumped regularly.

and how did that pan out? Well, yeah, you know, it's not even close to what it was. I think it got up to like almost four bucks. It was like $3.70 something. It's not even close. People got destroyed because of unit bias. And I think it's, again, it may happen again this epoch because we're not quite on a sat standard.

I think next time around, yeah, it'll be a sat standard. But we're not quite there. And I think because of it, there's going to be a lot of people coming in being like, oh, this is cheaper. And it could go up just as much. And they're going to get screwed. Well, that's the scam that. Oh, sorry, Ben, let me go ahead.

Oh, I'm sorry. I just wanted to say quickly, you know, to your point about it being a scam, you know, something that people don't realize for those of us that have been in this for a little bit, you know, had I have not shit coined in 2017, I'd have significantly more Bitcoin than I do today. That's just, I mean, so you know what? All I had to do was sit there, continue to huddle and do nothing.

And I couldn't do that. So I learned my lesson and that that's just my piece about, you know, yeah, it's a huge scam. The unit bias may get you, but it's not worth it. You know, you're looking at, somebody's looking at it and saying, look, it's cheaper. It's cheaper for a reason and it's not going to

do what you think it's going to do. And it isn't here to do what you think it's here to do. That's the price of tuition, man. Like I've seen so many people pay that price, you know, myself included, right? I got a little bit lucky because I stuck to mining. So I was forced. But yeah, man, I think that and there's a lot like people shouldn't be ashamed about it, right?

Because I think that the majority of Bikorners today start off shit coining and then they eventually start to see the truth like I like to call it. And then, you know, they either get attracted to that or they get straight up wrecked. right because we got it nico we got to start a hashtag hashtag price of tuition every time you see somebody get right i like that yes i'm doing it man yeah that's that's off to you i like that yeah hashtag price of tuition you learned as a is a fiat lesson like we're trained as kids that you have to invest your fiat in order to make it worth what it's still worth today like you have to work just to maintain with with a with a fiat standard and with bitcoin or with the Bitcoin standard, you have to, like, it's the lazy man's game.

Let's let's let's be honest. Holding Bitcoin is the smartest and also the laziest thing that you can do. And it should be very, very inherent for all of us to do it. But we're ingrained from day one. Like, you got to invest it. You got to take risks. You got to make sure that cash under your mattress is going to be less valuable tomorrow. And we're like, we have to like detox from this toxic fiat system.

You're absolutely right. And it's the incentives, right? With cash, you're incentivized to spend. because it's going to be worth later. And then with Bitcoin, that's why. So you talk to all Bitcoiners, it's like, you know, dude, they live frugally because they know that if they spend, okay, listen. So I'm planning to go on a ski trip with my buddy.

And, you know, he was like, look, pay me for the house. And, you know, because we're renting a house together. And, man, I don't have any cash savings. So I was like, okay, I'll pay you in Bitcoin. Mind you, the price of Bitcoin was at $10,000 then. A week later, it went almost to $20,000. And I'm like, dude, you're paying for the card, man. You're renting the car because F that, he's just like, ha, ha, ha, ha.

You know, so trip, bro. Yeah, it's such an ex. It was two times what I thought it was going to be. So it's, but I did buy that Bitcoin a long time ago, but it was like, it still hurts, you know? So Bitcoin is like, it's incentivized to force you to spend. And that overall makes you into, I hate to say that, but it really does make you into a better person because you're living, you're living frugally and you're thinking about your purchases rather than Fiat, which is, man, Fiat's very depressing.

It's a very depressing type of mentality that you have when you're on Fiat. When you're on Bitcoin, it's hope, right? You look at your future. You're like, wow, the possibilities are endless. When you save in Fiat, it's depressing, man. It really is, right? And that goes to show like how much of that stems the behavior in people today. You're on the hamster wheel.

Yeah. Well, said. It's such a paradigm shift, too. And I think one interesting way that I think about it when it comes to investments is like you it allows people to invest to try to get returns in the things that they think are good rather than having to invest to avoid loss. Bingo. Yeah, it's opportunity.

Yeah. Yeah. And so it prevents a lot or discourages at least a lot of malinvestment, a lot of misallocation of capital. And when you kind of zoom out and look at the effect of that on society, on the world more broadly, can lead to a nice place. Yeah. 100%.

So what I want to do now is obviously we got to drop our reasons why we're bullish. I know we kind of went on a massive tangent with mine, so I apologize for that, but it was good. Before I do that, everybody that's in the chat, thank you guys for being here. There's about 90 people watching live right now. Smash that like button. Every time you do, it bumps us in front of more eyeballs and give it a share, retweet it, whatever you need to do and get more people in here. but I see you guys and I saw a bunch of you dropped some super chats and stuff earlier.

So thank you so much for that. But let's get into some more topics here. I think I'm going to jump to Adam here. And I'm just curious, what has you bullish lately, man? What's what are you feeling? My phone doesn't stop ringing. It's unknown number after unknown number of, hey, we met in 2014. Are you still selling Bitcoin or hey, you know, I bought Bitcoin in 2016.

are you still doing that? And it's like, it is shocking. I'm getting five to 10 phone calls a day right now of people that like I don't even remember talking to back in, you know, over the last kind of five to seven years. And I think it's showing like to your point,

like let me be clear at the peak at the bull run in, you know, kind of October through December 2017, it was about 80 messages or 80 calls a day. That's kind of how many times. And someone else was calling me looking for for Bitcoin. And we're at five right now at the same prices. So it's like we have a long way to, assuming I'm, you know, still as important, I guess, as I think I am.

Maybe I'm just some washed up. But I truly do think that retail has yet to wake up. And the price surge we saw was strictly due to institutions buying for the sole intent on just, you know, walking it away and some frozen storage. and holding it for a very, very long time. Yeah, 100%. I'll toss it. Maybe I'll Phil, how about you? You start to get the, hey, man, we used to talk like a few years ago.

And I noticed you're doing a Bitcoin thing. Are you doing? Absolutely. Absolutely. So, okay, my father is in his early 70s. And one of his best friends contacted me on Facebook. Yeah, I still have Facebook to keep in touch with family. And he was like, hey, you know, I see you.

posting about Bitcoin. So right there, I mean, and trust me, this person is not, you know what I mean, it's just, I'm very surprised that this particular person reached out. So that was very cool. Also, getting messages from people at work, which is nice as well, because a lot of those people are Bitcoin haters. So, yeah, I work with a lot of software engineers. And I thought, I thought that, hey, when I explain this to them, they are just totally going to get it. And surprisingly, I think it's maybe more of a reflection of my explanation. Maybe they came back to me with stupid things like, well, it's not insured by the FDIC. So stuff like that, you know.

But otherwise, yeah, I'm definitely getting definitely getting more traffic. And all of a sudden people are looking at me like I'm not such an idiot anymore. So I appreciate that. You can feel like a little bit, you know, like I was right all this time. And maybe I'm not stupid. I mean, we're crazy, but we're the right kind of crazy. That's right. Just crazy enough to be early.

Yeah. How about you, Nico? You had some of the messages start to filter through and find their way to your inbox. Yeah. So I'm getting the, I'm already getting the message like, dude, should I buy? You know? And then that made me confident enough to start wearing the I told you so sweater. That has a little Bitcoin logo.

And then my mom always does the same thing, right? I know how the how the Bitcoin market's doing because my mom has the same behavior, right? The last three years I've been telling you telling her, mom, buy, right? And she doesn't listen, right? When Bitcoin hits all-time high, she's like, I'm going to buy some. And she goes all in. Dude, that's not your mom, man. That's the whole world.

She went crazy. You know, she dumped it. I think it was like 19.5. And then, you know, it had the correction into 18. She's like, I lost money. I'm like, I've been telling you for three years, you know? So yeah, man, it's it's it's but look guys, this is so different. You know, we're and it's it's hard to be appreciative with Bitcoin, right?

But we're hovering at these basically high levels, right? And it's so different than than 2017. No, look, if you look at the Google trends, it's not it's it's not there like the the euphoria or whatever, the insanity. It's it's it's not quite there yet. So I can't I have no the Twitter's going to be a crap shoot next year. And just to say at least. You just gave me a great idea for a meme.

I don't know if you guys saw the, the meme of the Google search trends for Mariah Carey, all I want for Christmas. And it's like this massive spike every December. And then there's like this guy, I think he's like on a seawall and there's like a massive storm incoming. And the caption just reads, it's coming because it zooms in to like,

November on the chart when it just goes, as people start searching for Mariah Carey all I want for Christmas, we need to make one of those, but for Bitcoin epochs and their subsequent bull runs, I think that's, so anybody in the chat, if you want to beat me to that before this episode is over, then you're welcome to.

But anyways, I'll toss it to you, Stephen, anything to add on to the topic at hand. Definitely. And before kind of the reason that I'm bullish, I do want to echo a lot of what you said, Nico, around just the anecdotes from friends and family, right? Because I've observed similar things. And, you know, I've been talking up Bitcoin for the last few years, even kind of during the bear market and whatnot. And, you know, my mom is, she's got a friend who's in his 70s and very kind of, you know, traditional conservative investor.

I would always kind of nudge him a little bit here and there about Bitcoin and just like never, you know, never really registered, never stuck. And then finally, this week, apparently he just saw on CNBC where they have like the Bitcoin price in the lower corner pulled. I think it's pulled from coin metrics. And suddenly like it all flipped for him. And it's like, oh, this source of information that I'm used to getting information from is mentioning this thing. It's not just this weird thing out in this corner of the world where these weird Bitcoin people go. And now he's interested and now I think he wants to buy. And so just Bitcoin gradually creeping into more of the mainstream sources of information,

more mainstream trusted companies, so bullish. Yeah. Yeah, 100%. Yeah. So let's segue into another reason for being bullish. Maybe I will toss it. Actually, since you just had the mic, had the mic, Stephen, let's toss it to you. What has you feeling bullish? Yeah, and I love the question because it made me think of how many different possible answers there are because I am bullish for so many different reasons and that feels nice. I'm going to have to go with I'm bullish because I think they are visibly messing up the dollar. I think they're breaking the dollar and we're seeing it happen. And for people who kind of have started to pay attention to economics

and understand central banking and how that whole scheme works, a lot of people know what happened in 1971 when they took the US off the gold standard and made the value of the dollar just free floating. And so those fundamentals have kind of been that way for decades, and they've been printing money, going into debt, stealing value from people's savings for decades. But the difference now that I see is we have these social media platforms

like Twitter, and decentralized communications platforms now, where we can talk about that, see it happening, amplify it, raise people's awareness of it. And if you consider the boiling the frog analogy, right, like they've been doing this, they've been stealing value from the dollar for a long time, but just slowly enough that it's really, really hard to notice. And I think now they're turning up the temperature too fast, right? All of the trillions that they're printing for the stimulus bills, there's the memorandum of the memo that leaked from Citibank recently talking about the dollar could potentially lose 20% of its purchasing power next year in 2021.

And that kind of stuff, like when it's those types of numbers, I think people will finally start waking up and say, like, wow, like this thing I'm using to save in is not going to be able to buy as much. Like, what do I do? And suddenly, like, Bitcoin could become the safe play. I'm being a conservative risk-averse investor because I'm saving in Bitcoin, not dollars. I love it. I just want to point out somebody in the chat basically saying that they're just going to have their UBI sent straight to Cracken. That's hilarious. I love it. Anyway, so yeah, I want to echo what you're saying.

It's weird because typically most people, they really don't know a lot about money, how money comes to to be about monetary policy. but this year has for the first time I've ever seen actually made people start to question those things and bring it up and it's brought it to the forefront because when people hear, oh, they printed trillions of dollars, they start to be like, but how? And like, does that, they start to be like, well, isn't that a problem?

Does that not affect anything? And they start to realize, inherently, most people know if something is scarce, then and there's demand for it, then there's value there. And so hearing, again, that they've created trillions of dollars for something that typically there's a fair amount of demand for, I think it's thrust that narrative in front of a lot of eyes and just regular households where you would have never seen it before. So it's, you know, the destruction of the dollar and by proxy every fiat currency peg to it is, is therefore front and center. I don't know.

So I'll toss it, Nico, I don't know. What are you thinking about the downfall of fiat here? Yeah, man, it's, look, I'll give you, you know, and this I found, this is a very interesting phenomenon that I've noticed. And in Western countries where the inflation rate is relatively stable, it takes some work to convince someone to buy Bitcoin. What I've noticed is that in I hate to use the term third world countries or in countries where the inflation is more volatile. They understand Bitcoin right off the bat. The moment that you tell them, look, it's a currency that's not controlled by anyone. They're like, where can I buy this?

You know, you don't even need to convince them. Right. So and the other component is like you're seeing a lot of, you know, these protests that are promoting terrible economic ideas that have been proven to fail like socialism, communism, all that stuff. And with these people don't realize what happens when these people realize that it's not the economic system that's broken? It's the money that's broken. And what happens when these, remember, they're young people. So they're very ideological, you know, it's it just snaps, right? And you start to see like little hints, right? In the yellow vest in Paris, you know, someone was wearing a Bitcoin thing.

In the Janet Yellen, you know, Federal Reserve meeting, there is a guy holding a Bitcoin sign. So it's like this counterculture that also saves you money. So I see it as it's just a matter of time. And if what's what Stefan, if that happens, right, if inflation does hit that 20%, man, it's, It's like the coronavirus. It's this perfect situation for Bitcoin to flourish. And it's going to be so liberating for everybody. Like people don't understand that. But what happens when they start to understand it?

What happens when the Western world learns the lesson that the third world knows because of the hardships that they've been through? 100%. Also, do you feel? What are you feeling about the dollar? So before Bitcoin, so like probably when I was 16, I had realized that the money was bad. And I was a bit of a conspiracy theorist as a kid, you know, and that was one of the first things I wanted to understand is, okay, so where does this come from? And my parents were just like, listen, you don't ask questions like this.

It's the government that handles it. Don't even go there. I'm like, okay. And then obviously, you know, you keep digging and you start to realize, you know, that it's the, it's the Mandrake mechanism, which is really. just a fancy term for we print money. And they give you a whole bunch of charts that show you all this fancy stuff that goes on in the background. But at the end of the day, it comes completely out of nothing now. And I think people don't realize that the government, they have nowhere else to hide this inflation anymore, right?

The stock prices, the housing prices. You know, the last, kind of like the last vestiges, you know, the real estate is, you know, the retail person that goes to buy, like I saw somebody in the chat talking about seven bucks for milk. Like, that's the thing, right? That's how they've been hiding it from everybody is making it so that you don't really notice the creep, right? And how did we make it so that you didn't notice the creep? Well, we started to manufacture things in much cheaper places, cheaper quality, cheaper places, cheaper product. My lifestyle isn't going down. I'm still getting everything I, you know, that I want. I'm actually getting more. So it's this whole grand illusion that

we're quote unquote, you know, living better off of this cheap garbage, but we're not. And at the end of the day, we're actually, as you know, we're trading that time, that value for these trinkets and this garbage. So yeah, I think that they have no more rabbits in their hat. At this point, you notice that the voices are getting much louder, you know, people like Francis Coppola, who honestly should be on pills, you know, and then you've got like, you've got Noreal, you know, like who, I swear to God, it's like they, they animate these people when Bitcoin price goes up. Like all of a sudden they let them out of their cage here go free. It's the most ridiculous thing.

So and it's just funny. So to me, this is what it is. These are the echoes of a dying system. It gets really loud till it stops. Yeah. I like the reference to the fact that it's harder and harder to hide. Again, a really good kind of what you're talking about too in the same vein shrinkflation, where you have products that are deceptively packaged to look the same as they used to be.

be, but you're getting less product for the same and often now higher prices. There was a book called This Book Will Save You Time by Monsieur Mamadoff. And in the book, he talks about the cost of a Snickers bar in the UK and how the size of the snicker bar in a period of, I think it was like five years. It was insane. It went down to almost half the size and more than doubled in. price. It was crazy. And he applied it to other things. And the only thing where it seems not to apply, it tends to be technology because it moves at such a fast deflationary pace. We're able to be

so efficient with that stuff so much quicker that the prices seem to either stay the same or go down. You're getting more bang for your buck because they can't inflate the currency fast enough to keep up with the deflationary pressures that we should be enjoying. And so you look at at that and then you apply that reasoning to everything, how much more efficient have we gotten at creating food, at making homes? We should be living in friggin' citadels reaching to the sky. We should be living on Mars and exploring the universe, but because of our shitty Fiat money, we're spinning our wheels, but we've got some, you know, we've got some cool trinkets that we bought on Amazon this week. So that's cool, I guess.

Take it away. Fuck. Man, I don't know how to follow that up, man. Your passion. It's just coming. It's like punching me in the face all the way from Calgary, man. It's awesome.

I think, like, to me, it's, it's just the education part. You know, Ben, you and I have linked up a few times for these shows,

and I've had the pleasure of speaking publicly about this. Like, our education system is just being questioned right now. And that's, and that what leads me super bullish. Ben and I were talking one time, and Ben said that he's like, I am so bullish on on bitcoinsers having kids and I was like yeah hell yeah like because

you know we're we're not just kind of the status quo I mean feel like your parent don't ask questions about that like that is not the messaging that my kids are going to get it's going to be like yeah ask the questions right figure it out I remember having this discussion with buddy's wife of mine talking about like what happens to a dollar when it gets into the bank and how it's lent out and how fractional that truly is. And she was like, no, that can't happen. That would be illegal. And I was like, yeah, exactly.

That's the problem. And no one's talking about it. But now we are, right? Now you see the leaked memos. You see kind of the way that money is being talked about is different right now. You know, when we start to get into the other side of the coin on, you know, someone mentioned UBI earlier or what's happening with the printing going on right now, you just truly realize just literally how not scarce the dollar is or how

plentily available you see the photos out of out of Venezuela where their money's in trash buckets like it's there's literally hundreds of millions of dollars in plastic bags and a gutter in Venezuela because there's money the hyperinflation has just been so so so horrible it's crazy I look my son I have a little story about scarcity my son and I he's four we play hungry hippos in the morning you know the game that that that that that that's and there's like 15 orange balls and there's one yellow ball and the way we play is because I'm he could probably figure it out but I just can't figure out the math properly to if you

you know they all have the same value it's kind of what I'm saying and every time he gets the yellow ball he freaks out he loves it because it's so important it's got the same value as everything else but his four year old brain understands that this one is just inherently more important because it's the only one in the hippo bin and and like he's four And I didn't teach him that. Like, he understands scarcity to a level that most adult humans just cannot. And that's because it's built into us as humans. And so I think that as we and as our education system kind of continues to expand and go in that direction,

more adults will have that understanding that scarcity is truly like what is what is driving value. And if nothing is scarce, then nothing is good. And I think that our money right now is not scarce and therefore our money is not good. I wanted to ask a quick question about your hungry hippos game. At the end of it, if you don't have an equal number of orange balls, do you pull out a jar and print more orange balls for that everybody's equal? I know you can't do that with the yellow ball, but our printer's going burn the whole time the game's going. That's how it works.

You've got to even it out afterwards, right? Here's your UBI. Everyone's a winner. Nico, you can jump in. Yeah, he's absolutely right. And that's why I feel like the education is so important. But not how you think of education, right, with a chalkboard and whatever. I'm talking about the cultural education is so important, right?

What do I mean by that? I don't want you guys to laugh. I'm being 100% serious. The meme game is so important. The fact that the Bitcoin is winning the meme game against the dollar is so important. And I'll kind of explain why because it sounds kind of funny. Memes are a very efficient way of educating someone extremely quickly. And it makes, and usually a lot of them are very funny.

Right. And what's tended to happen is that memes have become an extremely part of internet culture, an extremely important part of internet culture. Right. And the fact that a lot of Bitcoiners, you see this, it has such a strong presence, right? You come to Bitcoin Twitter, you get educated, you get attracted, you get orange pills, right? I think that it's so important that that this education continues to evolve, right? Whether it's on YouTube, whether it's on Twitter, whether it has to be on all fronts. And it has to be completely directed against the dollar.

Like that is the final boss, right? That's boss level 99. And you have to beat him, right? You have to beat him. I think it was Max Kaiser that said there can't be two. There can't be a dollar and Bitcoin can't be at a million dollars, right? One has to die. Right.

And I think that the education game and, you know, building on this grass movement that Bitcoin has is so important. Right. and re-educating people to basically their toddler selves and appreciate that orange ball, right? But in this case, that orange ball is Bitcoin. I'll toss it to Phil here, how are you feeling about the education game and maybe even the reproducing bitcoins that are hitting the ground running. I've got a second one coming in April. So, yeah, you know, I'm doing my best to.

repopulate the planet with sound money advocates. But yeah, Phil, take it away. Very nice. Very nice. I want that on a T-shirt right now. The memes are just coming out, man.

We're going to have all the slogans, all the memes. Okay, so, so, you know, education is an interesting topic, right?

Because, you know, to Adam's point about his story, which I think is incredibly symbolic, you know, right out of the gate, we understand things, correctly and it's almost like a veil is placed in front of us.

We start going to school and when we go to school and you go to economics, I still remember this. So I grew up in Montreal and has a pretty decent education system. And when I did grade 10 economics, our economics class, the piece that had to do with investment was going and looking at a newspaper and choosing 10 stocks. And then at the end of the week, you know, whoever had, you know, whoever had, the, you know, the most money from what they started with, the wins. So it really didn't teach you very much. And in economics, you'll notice that they, they never really cover. I never

heard of Hayek as a kid, you know, but, but I definitely heard of Keynes, you know, and I, I was even told, you know, like when they explain it to you, they don't explain to you that, that there is another way and that it could be better. They simply tell it to you like it is. This is what it is. This is how it works. Well, and it's that authoritarian kind of, that authoritarian kind of style that, you know, okay, well, this is just something we don't question. This is how society works. Just to clarify, you were talking about Selma Hayek, right? Unless she's a sound money proponent.

Maybe. Maybe. Legendary economists. Let's get her on. I did have a second. a secondary comment about your class. So, so basically they got you to, uh, imaginary speculate on stocks with no research whatsoever was week to the craps table. Like what the hell is going? I don't like. I was like, this is like that that was, you know, I mean, that was our introduction

to the stock market and investing. So I guess, I mean, just to wrap up my point was that, you know, we are never really taught about the problems of our money. And as people were, you know, were never taught that the money needs to work for you. Like you're never really explained the true effects of inflation in general school. Like a person who comes out of school with like grade 11 education or something like that, you know, unless they've gone and decided to learn on their own or somebody has explained this to them or whatever it is,

they are going to be trapped saving in cash, if saving at all. And they're not really going to understand that they're trading away their future, you know, almost like their future success, their future value for for absolutely nothing, you know? So without Bitcoin, all you had was stocks and real estate and bonds and you're constantly sitting there in this circus of junk, you know, just trying to, you know, just trying to keep yourself going. And I think that that's where the education system

fails. And I'm really glad to see stuff like, you know, Seifidine, right, and his, you know, his works and and especially all the Bitcoin authors, you know, that are coming out and actually taking the time to write this stuff out and explain it to people. And, you know, we've got the Bitcoin and rabbi who makes the book for kids you know it's it's cool the thing the thing about the education system as it sits is it is it was built the education system was built and designed in a time when the world didn't need thinkers the world needed little robots to go into a factory for eight to 24 hours a day and build whatever one other person felt was necessary and and we and you know during the revolution during the french revolution and and so so now we are in a time when the world needs

thinkers more than ever and our education system full of like one single test that's supposed to grade the entire population is just not caught up. And so I really hope that through this, even through this pandemic, like, you know, schools being shut down. I hope that parents wake up that like, you know, oh, my kids learning as much in one hour that they were spending, you know, for entire weeks. Like I've got some of my friends that have older kids. It's like, oh, yeah, you know, Jimmy got four hours of homework for the week.

And that's all he did. It's like, shouldn't you be like taking note of that and taking them out of school and having them learn about money inflation or about the zoo or just how to build a shed, like really anything useful rather than like creating a little tiny robot that's going to go sit behind a desk for 45 to 50 hours a week and kind of trade his time away for a useless paycheck that won't be worth anything in three years. It's it's it's it's hopefully the education system kind of wakes up to that. Yeah, 100%. I think I want to I'm going to toss it over to we We did Stephen, we did Adam.

I'm having trouble who hasn't given, have we not done Nico and Phil yet for their reasons for being bullish? Yeah, we did everyone. Yeah, we did. Because wasn't the hash rate or the way mining kind of rolls? Cool. All right. I'm just making sure that we hit everybody.

If there's any last things that we want to riff on, I'm cool with going a little bit longer here. if you guys are cool, if you got like five, ten minutes to have some final thoughts. So maybe I'll just, I'll toss it down the line and quickly see if there's any last things to tease out. So I don't know, Stephen, is there anything else that's caught your eye this past week that you're interested in that has popped up on your feed, either on a regulatory front or investment front or so on and so forth?

Yeah, I think the most interesting thing that I've noticed this week, has been in the regulatory realm. So seeing some of the buzz about incoming regulations that I think were more geared towards stable coins and maybe even originated through something in the Ethereum ecosystem, perhaps. It didn't seem Bitcoin specific anyway, but involved the legislation that would be passed

that I worry could someday expand to include Bitcoin or to try to be used to limit the ways in which Bitcoin is used. And that's something that I think as Bitcoiners, you know, anyone who kind of values decentralization and the idea of getting power back from this system and giving it to individuals, I just think it's really important to mention and to be skeptical of the claims of regulators around this stuff,

almost to treat them as guilty and self-proven innocent, right? Yeah. There has been, there was even an interview today with someone in the, you know, the currency controller's office that sounded great. He explicitly said, you know, that we will not be banning Bitcoin. And that like as a statement, wonderful. That's, you know, what you want to see. However, I do worry that there might be more sly attempt to limit Bitcoin's value proposition,

right? There might be, you know, we're not banning Bitcoin. We're just not letting you take cover. custody of your Bitcoin. We're just forcing you to use institutional Bitcoin, not this cyphurpunk peer-to-peer of Bitcoin. So, you know, understanding and remembering Bitcoin's value prop, running full nodes, controlling your own keys, that kind of stuff. I think as Bitcoiners, you know, us continuing to do that as we onboard new people, just super important. Yeah. I'm bullish on the fact that that's going to be so hard to implement if they even try, given that, you know, what did I say at the beginning?

Like 88 point, by the end of next year, 90% of all Bitcoin has been mined. And I know that only, I think it's something like 15% of that sits with institutions and the rest is just out there. So how do you start to then reel in all of that free, you know, free sovereign money that's already sloshing around the entire globe? How do you even begin to start to rein that in? I know they can obviously attack like the on ramps and off ramps. But for me, I'm not getting off. Yeah. Yeah.

And I mean, also, to echo what Nico mentioned earlier, like the meme army is already on it. And it's great. The memes are hilarious that are coming out in response to this stuff. You know, I think it was Niroge tweeted something awesome. It was like, oh, my full node just processed a die transaction. And then it's like a SWAT team, like swinging through the windows. That's great. Nico, any final thoughts from you?

Anything that is on your mind? Yeah. It's, look, there's a great battle. That's going to happen. My assumption is going to happen this decade, right? And the battles between a dystopian future of central bank digital currencies and a free future of Bitcoin, right? And it's going to be against government regulators and the propaganda arm of Bitcoin, which are the memes and all the goods and the content creation and BTC session videos, right? So it's going to be a war.

And it's going to be an information. It's not going to be a traditional war. it's going to be an information war, right? And people are going to, because there's tradeoffs between the two systems, right? The decentralized system is free. It's uncensurable. It's immutable. Right.

And the centralized system is going to be very quick. It's going to be very fast. It's going to be like ripple. It's going to be like shit, but it's not really decentralized, right? So that's what's going to happen in the next 10 years, right? There's going to be a war, right? Banks don't want cash, right? They've already revealed that, right?

They don't want cash. They want you on the rat wheel of Fiat. They want you spending to fund their crazy monetary theories, right? And I just hope that enough people decide to opt out on this little orange life raft called Bitcoin. So those are my thoughts. Love it. How about you, Adam? Any final thoughts on anything this week?

Yeah, a little bit of insight into kind of what the corporate side of things look like. So as we take Bitcoin well public, like this wasn't possible two years ago or three years ago. The amount of institutions that have reached out, like they're calling us now, right? Where before we'd knock on the door and not even if it was opened, it would just get slammed in our face. You're not allowed at this party. Sorry, this is not for you. You know, now we're not only are we invited, but we're like the prettiest girl at the dance at this point. I mean, madam, you were always.

is pretty my beard i i did a november campaign so i'm feeling awfully naked right now but uh but like a pretty example of this is we we need some new office space for our for our company and um the landlord straight up said to it or the the uh broker he was just like honestly tell me what you want whatever you want we'll get it because like you are the prettiest girl at the dance your business is thriving your business is in the hottest industry and i'm just like man i couldn't even get a broker to work with me five years ago. Let alone touch, I have all the options in the world. So just that corporate angle, you know,

Stephen, you said it perfectly, that cypherpunk decentralized kind of network is all of a sudden attractive to the corporate institutions. I want to close up with that. I think that's just so exciting. And I'm really, really excited for like what happens next. I love the dynamic of, Uh, dancing. It's, yeah. I was going to say, you know, that initially there was like,

there's like this head to head kind of game theory thing playing out and initially it was like, um, you know, the banks were like, ah, screw this, we don't want to deal with any of you. Um, and and we, you know, Bitcoiners, well, I'm literally wearing a shirt that says Bitcoin because fuck banks. But, you know, that's the attitude coming in and the banks were like, well, fuck you. And then all of a sudden, the central banks are like, yo, we're going to make our own digital currencies. And banks must be looking at this going, oh, God, we may not be able to create currency

ourselves if there's a direct line from central bank to individual. Ooh, there's no bank. Yeah. But now the traditional banks are like, Yo, can we get Bitcoin? Now central banks are like, wait, wait, no, we make the currency. Hold on. We don't want you dealing with it.

It's like that scene in reservoir dogs where everybody just has the guns on each other. We're sitting in that right now with central banks, retail banks, and then Bitcoiners, except for Bitcoiners are just like chilling. In the back, eating popcorn. You're eating popcorn with our little tiny private keys in our pocket. Like, oh, this will be cute. Yeah, exactly. Because we're sitting with bullet for vests for the most part. I'll toss it. Phil, if you have any final thoughts here that you want to share.

Absolutely. Okay. So number one, reservoir dogs, great movie. Good reference. I love it. Number two, Adam's story just made me so bullish. So just that alone, just right there. I'm like, all right, that's great. You know, just a total pump up. So the one thing from this week that I think is interesting, but I'm not smart enough to know. exactly how I think this is bullish for Bitcoin. I think this is terrible for the dollar and I'm just learning to figure out how. But there was a tweet from the Fed Reserve on the third that they're going to be switching from LIBOR to the secured overnight financing rate, SOFR. That to me just sounds like another trick.

I don't know enough to be positive, but if there's anything that we've learned from what the Fed Reserve does, they're never doing anything to benefit the people and they're only doing actions to enrich themselves and own more of the country through, you know, more of their printing of garbage. It sounds like it. If you go to New YorkC.org right now to click on what that means, the message is site maintenance down right now. Flawless.

Amazing. Yeah. 2020. They don't need to offer an explanation. We don't want you to know, actually. We don't want you to know because what we're doing isn't real. Adam, you might be the first human being to click on that link. Yeah.

Yeah, that's a good point. It looks like it's just, it's a unit bias, right? It's if you, if you call interest rates, you know, it's like buying a car. How much is the car cost these days? $2409 byweekly. No, you idiot. It's 60 grand for a Toyota Corolla. You just have to, you just send it from the next two decades is the difference.

And it's just that unit bias, right? Humans are programmed right now. Smaller number must be better. I know buying cheese, someone that I know bought this like tiny little pack of five slices of cheese for like three and a half bucks. And they're like, well, the block of cheese was just way too expensive. And I was like, yeah, but it was a whole block of cheese. Like you got like a fraction of a piece of cheese there.

And for five dollars you could have gotten a whole block. But anyways, it's the unit bias. Back to the unit bias. I had an argument with somebody. and this is who you're stacking against. But I had an argument with somebody. I think it was in like a thread under like something that Preston Pish and Robert Bredlove were talking about. And they were talking about how, you know, if this price of Bitcoin grows so high that the purchasing power of a single Satoshi becomes, you know, high and you need sub-divisibility, lightning network and things like that can be used.

to pay in, you know, fraction. Yeah. And so, and then this guy got in the thread and he's like, I thought Bitcoin did not have inflation. And so everybody's saying, well, it's not inflation. It's further dividing what's there. And so everybody then went into, you know, like there's the pizza analogy. Well, if you have a piece of, if you have a pizza and it's cut into 10 pieces, it's not the same. If you cut it into 20 pieces, you don't have double the pizza.

You just have a smaller piece of the whole. And everybody was explaining to that, that to him. And he was like, no, no, no. But if you're using pizza as money, well, then you now have more units. And so it's irrelevant. Oh, gosh. One piece of pizza no longer feeds you as one, you know, a sub-Satoshi is no longer going to purchase you a car. It is so funny how hard that is to grok for most people, right?

But my favorite tongue-in-cheek reply to that is like, okay, be right back. I'm going to take a gold brick and smash it up to make some more gold. That's not how this stuff works. Those dust particles are going to be worth it. Oh, God. Yeah. Well, gentlemen, I've got to say I had a lot of fun chatting with you. Everybody in the chat here that's been watching too, smash that like button.

Give this a share. It really does help the channel. I'll just go once more through the line and just let people know where they can find you, whether it be Twitter website, whatever you want them to find. Stephen, you take it away. Yeah, Stephen Cole and Twitter's the best place to find me. I'm S-Th-N-C, S-T-H-E-N-C on Twitter. Perfect.

Yeah, no problem. Thanks for being here, Nico. How about you? Yeah, you guys can find me at my, oh, it's that way, at my hashtag at Twitter, BitVolt-7. And yeah, me and Phil do a daily Bitcoin-only meme review news, daily recap videos. And you can find us at our channel at Simply Bitcoin on YouTube. Awesome. Adam, how about you?

Yeah, just changed my Twitter handle at Adam O'Brien underscore. And company is Bitcoinwell.com. We do buy and sell Bitcoin in Canada and through ATMs across Canada. Awesome, awesome. And Phil, take it away. You can find me on Twitter. I'm at Coiniccarus. And like Bitbolt said, we host the Simply Bitcoin YouTube channel.

Awesome. Awesome. Gentlemen, thank you so much for chatting with me. I had a lot of fun here. Also, shout out to Steve, who just dropped a super chat there. Thank you, dude. But guys, thank you so much. I would love to have all of you on again in the future.

and I'm sure we'll be chatting with each other. So thank you guys. Thank you. Thank you. Thank you. I'm going to kill your audio and video to just do a quick intro or outro rather. Guys, thank you so much for watching the show. Really had a blast.

This was a great group here. So, yeah, a lot of fun, a lot of fun. As always, if you are watching, like, subscribe, and share, they all really do help. So please do them. If you want to help the show in another way, you can hit up the sponsors I mentioned down below. That was Leden. That was Kobo. That was Bit Refill.

And that was the guys at Bill Fottle, which is Privacy Pros. You can head to their websites, all of those link down below. And if you really loved what you saw, you can always hit me up with a lightning network tip at my tipin. That is tipin.m.m.com. At BTC sessions. With that, I'm out. Have yourselves a wonderful day, a wonderful evening, wherever you.