BTC Sessions - WHY ARE WE BULLISH? Anders, Publord, Jessica Hodlr, RickV3D ep204

Episode Date: October 1, 2021

FOLLOW TODAY’S PANELISTS: https://twitter.com/Anders_ https://twitter.com/publordhodl https://twitter.com/jessicahodlr https://twitter.com/RickV3D 💪 SUPPORT THE SHOW: Buy Bitcoin In Canada With Bitbuy - After your first $250 purchase get $20 free! https://bitbuy.ca/en/sign-up/?c=BTCSessions LEDN Bitcoin backed loans –  get $25 free if you use any loan product! https://start.ledn.io/btcsessions Get Wasabi wallet for Bitcoin privacy https://wasabiwallet.io/ Keystone Wallet: secure your Bitcoin! http://bit.ly/KeyStoneSessions BillFodl: get your wallet backups in solid steel. https://privacypros.io/btcsessions Bitrefill: use Bitcoin to purchase gift cards, earn sats back while you shop. https://www.bitrefill.com/buy/?code=O04UMic9 BITCOIN tips: https://strike.me/btcsessions

Wasabi wallet. I'm fairly private. What is going on, everybody? Welcome to the show. A Thursday edition of Why Are We Bullish. Why a day early? Well, I'm off to Miami tomorrow. I'm going to be in town for the Oslo Freedom Forum,

hosted in part by Alex Gladstein with the Human Rights Foundation. And I'm going to be the MC at the Bitcoin Academy, which I'm very, very humble to, to be a part of. So hats off to Alex. Thank you for inviting me in the first place. So if you're in Miami, let me know. I'll be down there and excited to see some some bit corners over the next few days. I'm there till Wednesday. Other than that, we've got an awesome, awesome panel. Very excited to have these guests today, which we'll get into momentarily. As always, of course, this is live. So a quick message from my good friend Bill here.

Do it live. I can write it and we'll do it live. B. B. A thing sucks. If you haven't already, smash that like button, give this a share. Let's get a ton of people in the room and have a good Thursday evening. I am Ben with the BTC sessions. This is your daily session. Tuggle by Bitcoin.

Before we bring in our panel, let's take a look at where we are in the market right now. I'm on the Bitbo.io dashboard. We're sitting at $43,673 per coin. A single US dollar will pick you up, 2,290 sats. What else do we have here? 89.67% of all Bitcoin have been mined. And in terms of fees, next block, you're looking at about six sats per byte. You're willing to wait even half an hour longer.

One sat per byte will do you. No pressure there. But maybe you want to set up some lightning channels and move some stuff into coal. storage, do some coin join, whatever tickles your fancy. It's a good environment to do it. And you'll be missing those opportunities when fees inevitably do go back up when we get some FOMO going here. Of course, shout out to sponsors to the show, lend.com. You can use them for a variety of different services. In particular, if you need to get your hands on dollars and you don't want to sell your Bitcoin, of course, because that's a taxable event and you're worried about having to buy back in at a higher

price. You can easily deposit Bitcoin, get dollars to your bank account within 24 hours, and when you pay back those dollars, you get back the same number of SATs, which is the important number. Of course, they got savings accounts, B2X offering, all that good stuff. Check them out in these show notes. If you're stacking stats in Canada, bid buy super easy solution. They've got a really slick web interface. They've got a dedicated app. And of course, after your first $250 purchase, they'll give you $20 for free. So check them out. I live on Bitcoin. Bit refill really helps me with this. All kinds of gift cards. Anything that tickles your fancy there. Tons of different countries available. You can pay with Bitcoin on-chain

and Lightning Network as I do. And you earn Satsback as you shop. So check them out. You guys know Keystone, one of my easiest, most used hardware wallets, 100% air-gapped offline entirely via QR code only, which is beautiful or SD card if you so choose. They've got Bitcoin-only firmware, works with all my favorite wallets, Blue wallet, Wasabi, Specter, Sparrow, all the good stuff. And it's pretty badass in a multi-sig setup. So check them out in the show notes.

And finally, if you're backing up any important Bitcoin wallet, get it in steel. What are you doing? Paper does not cut it. Fire damage, water damage. You might even accidentally discard the thing if you're not paying attention because it's a piece of paper.

So check out the billfottle over at privacyprose.com. With that, enough of my rambling. Let's get the important people in the room. We've got Pubby. We got Anders. We got Jessica. Welcome all. I'm excited to have you. And let's do a little round of intros. Also, just a side note, we are one shy right now. Rick from Crypto Cloaks is supposed to be in here. But he's just MIA. He must be maybe there was a 3D printer emergency. I don't know. I was even filming a tutorial before this. And I had to cover up some personal information on my phone. So I had a conveniently placed Crypto Cloak stick. and he goes and does me dirty like this. We'll see. We'll see what's up, Rick. Anyways, let's get some intros.

Pubby, let people know who you are, what you do. Let me tell you a little bit about myself. I'm really just a Bitcoin, Bitcoin Plebe, plead, not Pleb. No, seriously, though, over the years, you know, I started, if you've heard my story, started at the top in 2017 and just never stopped buying. On my way to the bottom, on the way to the bottom, I discovered Andrews and his great takes. We became friends, started a little podcast called Toxic Happy Hour.

And here we are, man. We do that. We try to do at least once a week, if we can, maybe twice. And now I've jumped on to spaces. I just love to get the word about Bitcoin out there. I am muted. Sorry. Somebody in the live chat is already calling me.

I sound like a dumb fuck because he's not listening at 1.75X. Thanks. Good to see you then. Let's go down the line. Jess, let people know who you are. Well, thanks so much for having me. I'm a huge fan of the Why Are We Bulls show. So I'm happy to be here.

I'm Jessica. I'm Jessica Hodler on Twitter. I've been in Bitcoin for a few years now, but just recently got into Bitcoin Twitter had no idea. There was this huge community online. I was going through the dips by myself and it's much better now. I talk about Bitcoin and freedom and why it's the greatest asset humanity has ever come across and why people should learn about it. Awesome.

I love it. A true Pleb story. And from our last, I guess last and first meeting in, in Miami, your family also is all in on the corn. So that's always good to see the family corn effort. Let's toss them line one more time to Anders. Anders let people know who you are, what you do. Sure.

First of all, thanks a lot for having me on, Ben. It's great to see you again. And Jessica and Poppy, all four of us saw each other in Miami at Bitcoin 2021. one. So what do I do? I mean, I'm mainly my passion is Bitcoin. So I'm thinking Bitcoin pretty much 24-7. So and then I do toxic happy hour with with puppy. Although right now we're not as pumping out as much content as before. But yeah, so my mind is all on Bitcoin. That's awesome, man. And also I think I just first of all, thanks for being here. You guys, I was like an early guest on your show when you guys were, you got rolling, which was super awesome.

And I love whenever I get to, whenever I get to dive into one of those and listen and troll the chat, it's a lot of fun. And also I see Jason in the comments, scarf pump, here we go. So that's awesome. I see Rick attempting to get in here. So if and when he sneaks in, then I will, uh, I'll bring them in. But we'll see. We'll see.

It might happen. It might not. We'll see. But anyways, those of you that are watching, that are not privy to what happens with why are we bullish, effectively, it's a really easy premise. We go by the three R's. Somebody's going to give a reason why they're bullish. Then all together, we're going to riff on that reason. And once we're done with that reason, we're going to rotate to the next person.

Really, really easy. And I'm going to start us off. So I've got a reason for being bullish. And it popped up. I was curious the other day because I saw UMROL just dropped. They partnered with a hardware company and they dropped their plug and play node, which is super awesome because it gives accessibility to people that maybe just the only reason they weren't diving into using a node was they were worried about buying parts and putting them together. even though it is once you do it yourself it's really not that hard but you know that could be a

roadblock for some people where they just can't get past that idea and so they dropped their their plug-in-play node which is looks super cool it's got a little screen on the front that tracks different metrics and you can set it for whatever you like um but i was like i wonder how many people have gone through because i did a video a while back on how to do your own bitcoin node and and and i looked it and I was pleasantly surprised to see that that 57,000 people have watched that video on how to run their own Bitcoin node. And that's just one, like I've done another one on my node and some other previous ones. And so I'm looking at that thinking, okay, if somebody's watching this, yeah, there's going to be some rewatches and stuff. But if somebody's watching this, it's probably because they want to set up their own node.

And so if I'm pretty conservative and I say, well, maybe one and 10 people that watch this actually ended up going through the steps to do it. That's 5,700 new nodes on the network of people verifying blocks and being resistant to attack in many different forms and preserving privacy. And that makes me bullish as fuck because it's never been more accessible. It's never been more easy to do something like this and not only get access to, yeah, just. running a copy of the Bitcoin blockchain, but to connect your hardware wallets to it and to preserve your privacy that way, you know, make sure people aren't looking in on your UTXOs and your, your IP address and things like that, and then utilize all of the awesome apps that go along with it, like your lightning node and the stuff that Umbro has started to incorporate that are even

external to Bitcoin, like running your own server to save your pictures and files and stuff like that. So it's not just all in the cloud and controlled by somebody else. And it's truly becoming this movement of removing trust in third parties and becoming self-sovereign in a variety of different ways. And that excites the hell to me. So that is my reason for being bullish is just through proxy through having noticed how many people were interested in this, which is, it's a niche topic running your own Bitcoin node. But to see the interest in that, it, it kind of reignites that fire where I see promise as crazy as the world is.

I see promise in people being interested in this kind of thing. So that's what makes me bullish. I don't know if you guys have thoughts on that, nodes, anything like that. Feel free to jump in. Yeah. Are we going in order? Yep, just like our show. Andrew.

Okay. Yeah. Okay. Yeah. Sorry. Okay. Let me go first. Go ahead, puppy.

No, let me tell you something. We were talking briefly offline about how much information is out there now versus when people started only four years ago. And, I mean, it was quite limited. One of the great things that I always do, if I'm running a space of chat or anything else, man, if people have questions, I get to point them. to where BTC session man you want to learn how to do something this guy is putting out some

fucking content on how you can run a node that the reviews of hard wallets um any wallets it's about of content but you're right man so out of those 57 000 um i think i'm responsible probably 56000 of them by that makes me less bullish no no no i'm bullish because of the the the content that is being put out and the content that is being put out for free. We joke about you, you know, you were one of the first guests on our little show. Guess who else came early? Huddler or not? American Hoddle.

Jeff Booth, Greg Faw. These guys that could charge $1,000 an hour if they wanted, they come on a show that we barely get 30 listeners, you know, and they're sharing their story. They're sharing their love of Bitcoin. So that's why I'm bullish. It's because of the brilliance in the space. the brilliance that is offering up their services at no cost. They do it because they believe in Bitcoin.

And you can't defeat that kind of passion. Yeah, it's, it's pretty unique amongst Bitcoiners that they'll just kind of, just because of the passion of what they're dealing with, a lot of Bitcoiners will just go out and just make shit and just, and are so helpful. And I've even experienced that just in, in people helping me with with topics that I didn't understand but I wanted to cover lightning in particular recently all the people over at plebnet uh Nate aka B for Bacon 1 on Twitter like just

spending an hour and a half with me walking me through every little detail for like I'm eating up his his evening with his family and he's like no no no it's fine we can we'll spend the time And because of that, because of how nice he was with his time, you know, now there's some content out there. And he's regularly doing Q&As and going on shows and stuff. And yes, you know, it seems to be a common thread amongst Bikorners that they're very gracious with their time when somebody genuinely wants to learn. Danish, what about you? How are you feeling about people running nodes, people using the tools and making stuff? Oh, it's great.

And just to expand on what Puppie said, the best place or the first place I think of if anyone's looking for information or tutorial about anything, just send them to your channel because I know that if there's anything that needs the tutorial, you already made it. So that's pretty cool. And so what the thing that makes you bullish about, you know, the network getting more and more decentralized and you're, you know, you're. saw that on just the amount of usage of your video or the views. It reminds me of one thing that on-chain analysis is showing, and that is that Bitcoin holders with less than one Bitcoin, I don't know what you should call it, Bitcoin pleaps or whatever, it continues to just buy and hold more and more and more and more Bitcoin. Like, the bigger holders, there are some variations, you know, when price goes up, when price goes down,

there is some shuffling around, you know, someone's taking profit, someone's buying the dip, etc. But when you look at the graph of the amount of Bitcoin held by entities with one Bitcoin or less, it's just going up steadily, like, and fairly steep. So that's kind of the same thing you're talking about with, you know, the decentralization, the amount of people coming in. And the fact that now the network is so decentralized that, you know, in my opinion, there are no threats left to Bitcoin. But, yeah, Bitcoin is going to the people. And yeah, that's extremely bullish in terms of, you know, where it's going because it's taking over the world. I don't have any doubt about that.

Yeah, that's great. Jess, are you running a node yet? Actually, we're going to set up hours like tomorrow. Oh, really? What are you doing? Umbrae or what are you doing? Yeah. Yeah.

It's pretty slick. It's so funny. My mom and I were talking about it today and seeing how they came out with a product that makes it even easier. It reminds me of like when you went from manual cars to automatic cars. Like manual cars, you actually have to, you know, think about what you're doing and how to drive the car. But with automatic cars, anyone, anyone can drive.

So it's almost like anyone who run a node, you know. That's, I love it. We got, and I think I've got somebody backstage that, that can add a little bit to the node talk here. I'm, I'm sure you can hear me right now. I see him fiddling with his camera, but I'm going to bring him in mid-fiddle. There he is. There's the man himself. Rick, how you doing?

Yeah, sorry, I'm late. It's chaos over here, so I figured I'd try to jump in when I could. That's all good, man. Welcome. For people watching, can you let people know who you are, what you do? Oh, yeah. I'm Rick from CryptoCloaks, and we're currently in the midst of a bunch of chaos as we moved to Colorado. So literally the shot is empty now and in boxes. Oh, yeah. That's awesome.

Well, dude, it's been a while since we kind of like spoke for more than, you know, a quick Twitter interaction. So I'm stoked to have you here. and I was just giving my reason for being bullish was a video in which you guys were featured in was my umbral node video and I looked at the I looked at the viewership the other day and it was like 57,000 people have watched that and I was kind of reasoning through a while

even if one in 10 of those people were actually deciding to build a node that's like 5,700 new nodes on the network of people. That's both on itself. Yeah, it's crazy. It's awesome. And I mean, you guys are in the business of making cases and like, you know, making your node personal. You can personalize your node.

And so you guys must be seeing seeing the numbers of stuff like that going out the door. And you get a pretty good indication of the interest and stuff like that. So like, what are your thoughts there? It is crazy. I mean, over the past six months, we're up over like 700% of, over last year and just like Bitcoin note cases in general. So if that's not like a factor for this year, I don't know what is.

It's nuts. And a lot are coming from you. They all use your coupon code. I can tell how many people are coming straight from that video, man. It's pretty nuts. That's awesome. No, it's great.

It's, I think it's probably one of the most rewarding pieces of content I ever made because then you get, you get people posting pictures on Twitter and they're like, yo, I'm running a node now and everybody's like, and I love seeing, whenever somebody does anything that kind of reclaim like establishes them as like a self-sovereign entity where they're like hey even as as much as like finally for the first time got my money off in exchange you know i'm i'm now holding my own keys or hey i'm i'm using a hardware wallet now

or i'm running a node or i'm playing with lightning and i'm starting to set up channels all of those things. It's just, it's just so great to see people like start to learn and want to learn and understand why it's important. It's, it's just so awesome. Yeah, I agree with you 100%. It is really awesome to see because people are just becoming more and more self-sovereign. And you notice it. Yeah. Yellow says he did, Yellow didn't know you were so short. No, I just sold all my chairs. So I have to sit on the ground. Thanks, Yellow. and then BTC pins.

Man, there's just the peanut gallery in here. He should print longer legs. Is this chat live on YouTube, dude? It is. It is. I can't get, man, I got to find him. Go ahead. Yeah, it's great.

So I guess, I mean, I'll round up this topic. Overall, again, I love that people are taking the time to learn. And the more you do stuff like this, where you're like, hey, I'm going to run a node. I'm going to, it's such a learning experience that it builds up your conviction, your confidence in Bitcoin itself because you see how it's working under the hood and you understand what it would take to pull it to pull it down. And you're not likely to to lose any bullishness once that's established.

So I guess I'll round out that topic and we're going to keep it going. Now, Pobby, did we inadvertently already do your topic, like, via segue through mine? No, man. I got, like, three reasons to be bullish. Are we doing three rounds of this shit? No. It just sounded like you, you, like, inadvertently went into your reason for being bullish. But if you've got reasons, let's, this is now your time to shine.

This is your moment to rant about what has you bullish this week. So take it away, friend. What are you feeling? Look, man, I'll give you two. And these are two that just came out of the last week, okay? Not the obvious ones that everyone has already known. Let me tell you one. When I saw Twitter is now able to process to tip jars and transfer value using the rails of Bitcoin,

strike was one level. Now you've got network effect. And to me, this is another, this is a great thing about Bitcoin to me. When most of us started a couple years ago, you know, it was about peer-to-peer transfer of value. Saylor comes along, Michael Sayerer comes along and blows everything up with this proposition of, listen, it's a store of value. You can almost buy, borrow, and die with Bitcoin. And that narrative, like, man, that shook my world. And now what you see is Twitter, one of the largest places in the world.

is using the network effect. So you had Bitcoin the asset. Now you've got this Bitcoin in the network. And most people don't know about Bitcoin and network. I don't know how you evaluate that or put any valuation on it. But that is one thing that has really got me bullish. It's like this network effect of using using the Bitcoin rails to transfer value. So that was number one.

I love that. I want to tag on to that because you were just talking about everything's interoperable, right? You're using the Bitcoin rails, and people can just plug into that and be compatible. And so I've seen a couple things in and around that, namely myself being like, when do I get the tipping function?

I want the tipping function on Twitter, because I'm in Canada, and I do, I have access to strike even though it's not available in Canada right now, but I'm like, I want that to be available. But then the other day, well, a couple things,

Preston Pish was talking about this the other day with me. And he was like, well, I mean, people didn't realize that you can just, you can just do it. You don't need Twitter to enable you to do it. And so he was on Twitter saying, hey, you know, well, download Blue Wallet and screenshot an invoice and put it up. And people, especially like from his world, from people listening to the investors podcast that aren't like Bitcoin experts that have never used lightning themselves. So they went and they did it and put a screenshot. And then they're getting like a dollar like to London in half a second. And they're like, oh, holy shit, that worked.

I didn't even need it to like go through Twitter. It's just he's like, yeah, it's an open network. And then the other day I noticed, I didn't even realize I had it. But I have a plug in on my browser from the Zebidi wallet. And I'll just, I'm just going to do this live just because. it's fun. So this is somebody else who I know who has the same plugin on their browser as well. So you can just download like a little plugin called the Zebity wallet. And so what this does is it gives you a full wallet just sitting there in your browser that you can use for lightning. But it also

integrates with Twitter. And so now under this tweet, there's a little lightning icon. And so when I click on it, it literally opens up a payment to to Mags here. And I can send her like a hundred 100 sats and I can be like, yo, I'm doing this live on the show. Enjoy the sats. And then I just hit pay and off it goes. So I just tipped her 100 sats. I didn't even need, I didn't even need Twitter to be enabled with with lightning to do that. And that's that you can just add that.

So what you're talking about about everything being interoperable is just instantly available and there's already ways to do it and you don't need gatekeepers to enable it. It's just there. And that's, I love that. And anybody can feel free to like dive in at any point. No, you're, listen, and talk about making interoperable. One of the great things is, is now, you know, I heard Jessica talk about, listen, you get something from Umbrell, the plug and play. This is where, this is where technology has always started and come through.

I remember early days with computers. I used to use the actual cassette tape to download video games, a cassette tape. When you had cell phones to download the amount of work you had to do, you had to use the command line to get things done. Now you go to a Play Store, you hit one button, and it's done behind the scenes. So that's a beautiful thing with what Unval does. Now, if you want to mainstream people, the ones that are tech savvy are here. the ones that are the future that don't want to deal with a hardware wallet and air gap what is it they don't want to do that man what they want is a plug-in-play system and that's the future moving forward and so i'm always amazed at how far we've come in the bitcoin community where we started to where we're going it's beautiful yeah yeah absolutely i don't know anders rick jess if anybody wants to jump in on what pubby's been saying yeah i mean oh sorry

Let's do Jess first in that. Jess than Anders. I mean, like we've heard Jack Mahler say, you know, this is a global rules-based monetary policy. I feel like this is creating inclusivity like we've never seen before. This is representing sovereignty and a tool for freedom. I mean, anyone can tip anybody anything they want. It's absolutely insane.

Like, when the news came out, I was like, so bullish. It was just mind-blowing that this is actually happening. Yeah, it's it's liberating, right? Andrews, sorry, I'll let you chime in too. No, no, it's okay. I was just I was trying to follow like on my screen. I'm at I got trying to follow what you said before because on the screen I'm after puppy, but all good. I'm happy to hear Jessica, uh, I give her reasons for for being bullish. Um, yeah, I agree with what. Puppie says, the network, I mean, Twitter is one of the largest and most engaged social media platforms in the world and them integrating a lightning network so people can start throwing

Satoshis around either as tips or, you know, just as a way of transferring money, you know, instead of Western Union without any fee. It's, yeah, it's extremely bullish because it's just all these like foundational things like all the important things are just moving you know very bullish and I think that's a great reason I like that Jack Mallor said that now Twitter is one of the easiest and most streamlined remittance experiences on the planet just Twitter like he did of that video that he did where he from Twitter sent 10 bucks to somebody

standing in line at Starbucks in El Salvador, which they immediately received and then used, and he did it from a non-custodial from like Moon wallet, sent to somebody's Twitter tip link and then that person used that

money to then sent from his strike account to pay for a coffee on the spot and it all happened in like less than a minute. Crazy. It's awesome. I thought we weren't allowed to buy coffee with Bitcoin. I know. I know what happened.

Roger Verre is screaming. There must have been a trade-off. Many more babies must have died to make this possible. Like, I don't know. Hey, I remember those days. Like, like, coin was the silver to Bitcoin gold. I remember those days, Bitcoin can't scale. Free lightning.

And look at us now, man. Look at what they're doing now. It's amazing. It's okay. I got a text. You reminded me as something was so the yeah, the light coin is the silver to Bitcoin's gold, that narrative that, that, you know, gradually has just been destroyed. But I saw somebody using that for Ethereum. It was like a mainstream media article being like, if Bitcoin is gold, then Ethereum is silver.

And I love that that narrative is playing out because when you look at like the long term. chart of of uh light coin versus bitcoin it's just like a volatile path to zero and so so i did a screenshot of that i was like perfect ethereum's gaze upon your future because this is what's going to happen it's just going to be like you know oh we're we're going to we're going to flip in but that flipping narrative just gradually gets more and more depressing uh so yeah you know it's it's it it eviscerates the shit coin narratives, right? Like, oh, it's, it's too slow. It's too expensive. It can't do complex, you know, smart contracts. All of those things are there and it can do them. And we sacrificed nothing in the process on the base layer. We stood our ground and said, no, this needs to be,

we need to maintain the sanctity of that base layer and prove that it is truly immutable. And that seems to have been established. And now we're having our cake and eat it too, eating it too. And everybody else is stuck with like a vegan cake or something, whatever the hell they made up. If anybody else has any thoughts on what

Pubby said, here's your last chance to throw them in. Otherwise I'll roll it over to the next. Anders. Andrews always has a great bullish case. It's up, man. Let's, yeah, Let's draw it down to Anders.

It's your go. Here's your rant. Why are you bullish, man? Yeah. So I was thinking about that before the show and just so many things. But kind of what to me defines why I'm bullish is if you look at all the fundamentals, like one thing is price, short term price can do anything. It doesn't really matter.

If you look at the fundamentals, then everything, in my opinion, looks very bullish. Like one thing is on chain analysis, which I would say, okay, that's one thing, you know, looking at who's buying. And like I mentioned earlier, as a response to yours, how entities with less than one Bitcoin just, they continuously take over a bigger, bigger percentage of the supply. So called whales, which is a thousand Bitcoin or more, they actually over time with every cycle, reduce their amount of Bitcoin. So the Bitcoin is getting more and more distributed. But anyways, this from the bottom of the hierarchy, you know, just a continuous growth of ownership. And it's very bullish because it shows more and more people start using Bitcoin, starts getting into Bitcoin. But also if you look at other, I would say, rather important fundamentals is, you know, we now have one full country on a Bitcoin standard where Bitcoin is legal tender in El Salvador where every.

merchant has to accept has to accept Bitcoin as payment. So it's there put side to side with the dollar. And from what I'm hearing, it's taking over the percentage of, you know, what, what medium of exchange is being used there. And also, so that's one country only out of what, almost 200. Andrews, can I jump in for one second? Because, Sure, buddy. Can I interview you for a second or interrupt you for a second as always? No, you bring up a great point. What I thought was interesting, though, in time.

There's in between being forced to accept Bitcoin, but what was interesting, what I thought the most fascinating was, you can receive it as Bitcoin, but it's converted into the currency of your choice. Yes. So I think that there's a new one. There's a nuance distinction there. Absolutely. Yeah, go ahead.

Absolutely. Like the merchants can choose to store it in dollars or in Bitcoin as far as I know. But we all know what happens over time. The price of Bitcoin goes up. Yes, short term it fluctuates. But over time, number go up technology teaches people a very important lesson. That is, it's better to store your value in Bitcoin. So that is one fundamentals as country wise.

And I still claim that only one company, at least that is publicly listed, has and out of, I think it's thousands and thousands of global companies that are listed on a stock exchange. Only one has fully adopted Bitcoin as a standard where they keep all their liquid store value in Bitcoin. And that's, of course, micro strategy. Yes, Square has dabbled. Tesla has dabbled. It doesn't, to me, yes, that, you know, those are great. but one company has converted all their dirty fiat into Bitcoin,

and they've profited from doing that. So one country, one company, and it's just, and plebs are taking over, you know, with less than one Bitcoin entities. So to me, it's, you know, it's only going, it's going that one direction. Anything short-term price, it doesn't matter. Bitcoin will take over as the primary store value and medium of exchange. in the world, in my opinion. And these are just so early days.

When I have conversations with people, it's still, you know, it's still people are like against it. They believe the thought, you know, the propaganda against Bitcoin. So, yeah, I think all the fundamentals just point in one direction. And that is Bitcoin is totally on track to taking over as money of the world. I like the initial point you made about distribution too. Because one of the FUD pieces is, oh, it's unfair. People who got an early, you know, they have so much. And it's going to be.

And then they use like the percentages of who owns what. But like you were saying, tracking the percentage of the total pool and where it's flowing, it's newcomers gradually obtaining more. It's the opposite directional flow from our current proof of stake Fiat system. that we have, right? Because in our Fiat system, those with money and influence are guaranteed a ever-growing piece of the pie because it's a proof-of-stakes system.

If you have money and influence, you can guarantee that you can print more of that money and have a bigger percentage of the pie. And all of the people at the bottom, they're just left the fuck out. And they subsidize their lifestyles with ever-growing debt. That's how they feel, like they're not losing.

Okay. Whereas Bitcoin, it's those who provide the most value. That's where the capital flows. Those that create goods and services that people find value. And that's where the capital flows. And those that took a risk early and they, you know,

they may not have realized where they were putting their money. And they locked out and they got a ton of Bitcoin. Congratulations. I'm super happy for you. I'm jealous. but I'm super happy for you. The thing is for those people, number one, they never in today's terms would be able to purchase the amount of Bitcoin they currently own based on their incomes.

But to actually accumulate more Bitcoin, they have to provide value to the market such that people would be willing to part with their Bitcoin or with their fiat, well, it still can be converted to Bitcoin. Well, people will still accept that trade. But otherwise, if they want to take advantage of the fact that they locked out and they got in early, well, they're going to have to spend at some point, right? If that's where the bulk of your wealth is, if you're all in Bitcoin, then it's a necessity that you spend it at some point because you have to live. And how you choose to spend that is whatever. But they're not guaranteed.

Just because you have a lot of Bitcoin, you are not implicitly guaranteed to get more. and your piece of the pie will likely shrink if you're super early and you want to enjoy it, or it will only grow if you're providing value to other people. So, you know, it's just the total inverse of the system that we have. If anybody ever tells you you got lucky when whenever you decided to invest in Bitcoin, you have my explicit permission to punch them straight in the face, okay? And I'll give you a couple of reasons why. the ones that started in 2009, 10, 11,

are you fucking kidding me? People that had, they're using things like a paper wallet. Okay, a paper wallet. And I'm thinking back to those days of technology. They're jumping in on something that unproven, it's not government backed, not sanctioned, not anything. They had a belief in an idea. and ideas as we know, an idea whose time has come, that idea can change the world.

These are the ones that started early. Okay, so anyone that says you, anyone here that you got lucky, even at $43,000, whatever it is, $44,000 Bitcoin, you're not getting lucky because I tell you what, man, you're in the top 1% of anyone that has taken a chance on this revolutionary technology. and that's what it is. Yeah. I mean, again, those that take the most risk should be, you know, if it pans out, if they were correct, why not be rewarded for that?

That's the whole reason you take risk in the first place. I agree. Fuck people that tell you you're lucky. Yeah. Yeah. And Rick, you're a perfect example of somebody that I would hope is growing their stack

by providing value to people. right like you built a business you've figured out something that people find is fucking awesome and they're willing to part with sats for it and you just you know you you bird something of value it's great you you've been burying away at the printer and uh you know in a very good way that's not malicious yeah man uh we don't sell any bitcoin we get so i'd rather go in fiat debt than sell my Bitcoin to pay option. So I hold everything. That's great. No, I love that. It's, uh, and yeah, we need to see more of that. And I think we will because Bitcoiners that find ways to, to get other Bitcoiners to part with Sats on

occasion, they're way more likely to, to be good savers, right? Jess, are you a big saver? Do you ever, actually the, the better question is what, what things have you been willing to part with sats for or have you none i was just going to say like not only having the guts to get into it but then having the guts to hold on to it and to never sell it like i never never no it's too precious to me i look at it is like my children's and my grandchildren's livelihood you know like never yeah it's it's you're building you're you're building you're You're basically building intergenerational wealth, right? It's something that you're looking for.

And this is a low time preference quality of Bitcoiners thinking, well, you know, this is not just for me, but this is you're building like a sat dynasty into the well into the future. And the citadels that spring up because of your, your low time preference back in the days when people had no idea what was coming will be felt for generations hopefully. That's the goal.

Yeah. I was the only way I get rid of Bitcoin is giving it to like another company by a PLEP, like forgettable pins and stuff. Oh, shots fired. Shots fired. You know what? I will say I've parted with Sats for products that people make and they refuse to accept dollars, but I actually want the product.

And I should clarify, like, my income is Bitcoin. Like, that's what I earn. And so I'm, it's, it's the only way to really be like fully all in. So basically, I convert at the beginning of the month because I know what my, I know what my expenses are. But then the rest sits in Bitcoin, unless something comes up. But one of the things that I value. you because I don't know as as as bitcoiners we uh oh btc pins is it's flipping you the bird man

uh have to do a little bit of shit but we as bitcoiners like our money isn't tangible so sometimes i like to have keepsakes and so a couple you know like one of the things that that i treasure is i have a subscription to uh citadel 21 i really enjoy it that magazine it's written by plebs lots of great contributors to that and I just like having it sitting on my shelf there and so that's something where I'm willing to part with some sats

to get that because I'll keep that well into the future and there's a few things like that but yeah you gotta hold on to your stats guys the best part is though like with these smaller companies or companies that only accept their coin is like the strike app you can get rid of dirty fiat and

help them build their stack at the same time And that's what all I do now is I never really get rid of my own Bitcoin. It's just giving them Bitcoin and trading my dirty Fiat. I think that's the greatest thing that's come out so far. I think that's pretty, I like that point because in a world where, you know, like in El Salvador, where people are holding the currency of their choice, you know, if you are holding dollars at any point, just because that's what maybe you get paid in, again, it can auto convert to whatever you like. And then the merchants that want to accept Bitcoin, you know, it just starts to push out the bad money gradually over time.

And so it's it's it is a beautiful thing to just be like, oh, I got these dollars here. Fuck those. Let's get rid of those as quickly as possible. Strike is like that. Strike is like a drug dealer. You know, you're getting away some free fucking samples and don't realize it. You're getting free samples of what it's like to go from Fiat into Bitcoin. you're getting free samples of a transferring value.

You think you're transferring it in your Fiat currency. Then you realize all of a sudden, wait, what the fuck? Bitcoin Rails? Man, this is pretty good. And all of a sudden, you can take it. You're saving off in Bitcoin. And you realize after two years, your Bitcoin savings is kicking ass over everything you ever had. And you don't even need a bank.

Yeah. Yeah. And the other thing that you were saying, Anders earlier was about, or maybe it was probably, I can't recall who brought up the people getting angry about being forced to use Bitcoin. But probably you pointed out, well, they don't have to hold Bitcoin. If they don't want, it can instantly go to dollars, right? They can hold the dollars. But to me, it's almost similar to when we went from like switchboards for phones to the phones using the internet to be routed like using voice over IP. If people had been protesting in the streets being like, we want to use switchboards.

Let us use switchboards. You're like, chill the fuck out, grandma. You can still make a phone call. It's just going to be cheaper and easier. and you don't have to buy a laptop and surf the web. Like that's the equivalent here. You're basically able to only be in dollars if that's truly what you want. And the only implication to you is that the fees in doing so are now lower.

So, yeah. I love that to fuck out, grandma. I mean, yeah, like it's, again, they're not being forced into using, like holding and using another currency. It's just like, hey, the back end infrastructure of how you receive your dollars is slightly different.

Here's the app to do so. If you really don't want to do it, there's also a provision that means that you can opt out if you can't possibly get your mind around like using an app on a phone or something that's fine. Yeah. So like I get the aversion to coercion. I understand that.

But like, to me, it's more just like an infrastructure thing of like, hey, the infrastructure is different. But we've, we've not removed any of your rights or abilities to accept and receive dollars or hold dollars or anything like that. It's just the back end way that it gets sent to you is just optimized. That's it. Yeah. So I'm going to round this one out. I like that topic, though. Anders, thank you very much for that.

If everybody's watching live, I see you guys in the chat, make sure you smash that like button, give this a share. Let's keep it rolling. I'm going to toss it to Rick, because this is the order that I'm seeing on my screen. And yeah, man, what has you feeling bullish this week? What are you excited about? Perfect. I'm glad I'm next because my phone is going to dial like in the next time.

Okay, sweet. If I just leave, I'm sorry. I'm super bullish on like Bitcoin and gaming. the way that that is transforming an entire space is going to be next level shit. What Debity is doing with CSGO, that is amazing, what Satoshi Games is doing, that is like amazing. And just watching how that whole thing is unfolding and literally lightning built into video games. That's where I'm super bullish. As a gamer myself and grew up gaming, I mean, how can you not like earning sats and video games?

That's the coolest shit I've ever seen. Like, that's the best. I'm super bullish on Bitcoin and gaming. I think it's cool. It opens up a unique thing for, because, like, I'm shit at games. I'll play games from time to time. Me and my wife will crush some Mario Kart.

That shit's awesome. So I love doing stuff like that. I like, you know, sitting in a room with friends and doing like a game night. I find that super fun. but like it's it's really interesting to see you know obviously e-sports has become a huge thing and up until now it's been like okay if you're getting paid in some way for that it's traditional payment rails and now people are seeing that oh you can actually like if you're

a quote unquote like professional in this world you're you don't even need to be anymore you can still like go in and play these games and earn sats and and and and actually take home some sats from doing it. I've been playing a little bit with not much into the games yet, but I've been experimenting with like the Zebby wallet. I'm not, I would be, I would get destroyed if I tried to do like CSGO or something like that.

I'm not that type of a game. It would be like me swearing at the screen as I instantly died every time and some 12 year old said something bad about my mother. That would be the process there. but there's another one that basically looks like Mario Kart that I dicked around with which was kind of fun but yeah they just like plug it in and you there's like a patch effectively

where you're earning sats as you're playing the game and it's it's super cool like what have you played there what have you used uh so i've done the CSGO uh i got crushed i'm not that good i just like playing it uh i also did uh sat revival and then oh my god light night i just try them all because i think it's super cool light night is is interesting it's like one of those battle royale like you drop in and and you it's like um you can do like death match on it too so it's not as hardcore battle royale but they're doing a whole bunch of different game modes i mean it's cool like i i got like 1200 stats i'm like

all i did was shoot a couple people this is pretty neat that's too buddy yeah no it's it's It's definitely like the one thing about it, especially when you're thinking in marketing terms, is they're going after a very niche market and they're injecting themselves in a way where it's like, hey, these guys are already playing. In some instances, they're already playing for money. We can, rather than have like an in-game currency, we can just injects. And people will realize very quickly like, oh, I got these stats in game. Like, are they stuck here?

How do I get them out? and then realize like, oh, it's just actual money that I can use instantly anywhere. I can jump over to like bit refill and grab a gift card in two seconds. And that's pretty, again, because it's just interoperable and it's not a walled garden, I can only imagine that light bulbs are going off in a number of different people's heads as they have that experience for the first time. I like this stuff. I don't know if anybody else.

Are the boomers in the audience gamers? Listen, I'm a fucking boomer, dude. I started out with Atari. I remember playing Pong. I had Intellivision. Let me explain television to you. You were playing American football. You had three downline men, one quarterback and one run.

You didn't have the, they couldn't even put 11 people on the goddamn field, all right? You just had a couple people. That's how old that shit was. And to make an interception, it was all two-dimensional. You weren't throwing a ball. If you just stepped in front of the ball, you got that interception. So that's where I sport.

Tecmo Bowl or whatever that game was called. Oh, Tech. Listen, Tecma Bowl was light years ahead of intelligence. Because that's like pretty damn old, too. Yeah. Thank you. Yeah. Bobby, can you release Satpong?

Like you. Harking back to your golden age. I remember, man, you take a rectangular block and you move it up and down the screen, and you blocked a little rectangular square to the other side, and you felt like you were a guardian genius. Yeah, I love one. Those are classics. Jess is like, what the fuck am I doing here?

Hey, man, I'm trying to think this guy named Rob that's in his face is. You want to talk about money, the money in those classic games right now? people that are my age that will pay good money for Kalika Vision and television Atari fuck man there's some good money to be made there for sure

well you know what you all you need to do is you get an old node that you're no longer using anymore you just convert that raspberry pie into like one of those little retro pies and then you just get a game and then you can have like the entire library of like Nintendo super Nintendo

Nintendo 64 on like an SD card of like every game that was ever created and it's all there. But I don't know if that's sacrilegious. I see Pubby is like dying inside. You know what I what I realized, man, I see, listen, I grew up playing soccer, Anders, you know, is a big football fan. Bromby, he's got me a jersey. Says Puppie, says Pubby on the back. No way you have it. You fucker.

Anyway, I know if I get there it is all I know is all I know is if I didn't I never I never bought FIFA whatever year because I know if I do that I'm lost I'm lost in the world. I've got this bit of addictive personality. Thankfully I've turned it into Bitcoin. Bitcoin is is is is is more productive. Bitcoin gamifies real life because it's a you're you're accumulating points that are. sats. So you go and you you play the game that is your your fiat mining job and then you come home and you stack sats with it and whoever has the highest points wins. Can I jump into another reason I'm bullish or wait does Jessica want to go again? I got a I got to toss it after we round this one is I got to give it to Jessica first. Well I wanted to say did you guys ever go on when Bitcoin magazine did their like gaming nights on Tuesdays and Thursdays?

I never got to join that. I got to see... I'm not a gamer, but you bet I was on whenever it was 8 o'clock. And they would... It's basically like this random game where all the people in the chat are like random pellets. And then they just like throw them through this tube and whoever gets their first wins the sats. And it's so cool. It's so easy.

You just link it to your carrot and you get your sats. That's super awesome. Are they still doing that or did they start? I don't know. I don't know. Bring it back. Try it. I miss that. Yeah, like that would be fun.

Like a bunch of Bitcoiners just dicking around online and you can win some stats. Like that's a good. I like the social aspect of it. Like I can't typically sit alone in a room and like just play a game. But I can like socially do it in a group of people. I know I would enjoy that. Are live the entire time. It's just funny to watch.

Yeah, yeah, exactly. Yeah. Okay, well, let's, I love that topic, Rick. That's awesome. And again, it kind of links into the whole like Zebedee and Satoshi games, all of that stuff. So if, you know, anybody that's curious about that, go dive in. Lightnight, again, is a cool thing to check out.

So any other, Rick, any recommendations what people should look into? Just the games I talked about. I mean, just start there. Yeah, yeah, there's lots out. So, yeah, Satoshi Games. There's another one. I can't remember. Thunder, I think, is one of the ones.

Oh, yeah, yeah, yeah. I think those are mostly mobile, but still, like, there's stuff happening. So check them out. We're going to round this out with Jess's reason for being bullish. So, Jess, I toss it to you. What are you excited about? All righty. Well, I mean, there were a couple of reasons.

Some of them were touched on, but this one stood out to me. I don't know if you guys saw, but this is basically a Bitcoin fixes this moment. Jamie Diamond, the CEO of J.P. Morgan Chase finally, came to the conclusion that the Bitcoin price could 10x in five years. And for me, there's really no other way to describe him other than annoying because ever since 2013, he's been saying, Bitcoin's a scam, Bitcoin's a fraud. It's like every single year they're wheeling out grandpa saying it's in the mainstream media like Bitcoin's a scam. Don't buy it. It's a fraud. And even in 2017, he came out and saying Bitcoin's a scam like he always does. Yet he was talking about how his daughter bought it. So clearly she's smarter than him. But basically he just reminds me

of that meme where it's like this young person leading this old person where the old person saying something absolutely ludicrous so it's Jamie Diamond saying Bitcoin's a scam and we're just all over here like okay it's time to go to bed Jamie and he's just it's just funny to watch now because we're all just sitting over here like yeah we told you like yeah we saw and he clearly couldn't escape the inevitability of Bitcoin and it finally caught up to him. He's probably putting there realizing how Fiat's going to completely screw him over and he's looking for a way out. And that's Bitcoin. And we all know that Bitcoin is the one asset that's inflation resistant, guaranteed to increase purchasing power over time and can never be confiscated. And so I am bullish because even a

Hater like Jamie Diamond can acknowledge that Bitcoin will moon. And all I have to say is welcome to the Bitcoin Revolution, Jamie. It's the funny thing is, hold on, I got to share the screen. He's still, even though he said it could 10x, he's still stubborn as fuck. I know. I don't care. Yeah. I don't care if 10x is.

Now he's just salty. Now he's like, yeah, it's probably going to 10x, but like whatever. Whatever. I don't even care about that, you guys. I don't even care. I know. It's like the most spiteful teenage girl approach. Peter Schiff level one here.

Yeah, I'm not going to have 10 X's. I love that Schiff and Diamond are both having the same moment where their kids are clearly like outthinking them about the value proposition here. Like Spencer has been, Spencer ship has been quite public about it. But, you know,

I'd love to see. Jamie Diamond's daughter to just like kick open the fucking door on Bitcoin Twitter and be like, yo, my dad's a total tard and I just stack sats again. I would love to see that play out. I think that'd be amazing. Oh, that'd be priceless. Oh, my gosh. Yeah, he's, uh, it's again, and I remember the, he was like, oh, you know, if you buy Bitcoin and you're working for me, you're going to get fired or whatever. And, and now they've got like their own division that's handling, you know, for high net worth.

clients like custody and stuff like it's insane yeah yeah he's i mean what other there's a lot of people out there that are just never going to come around like there's been a good number of like steve hanky he's just got like full on bDS bitcoin derangement syndrome where he's just it's impossible it's going to be impossible for him to ever admit how successful it gets like he's daily tweeting And it's basically the same tweet every day, but he's daily, sometimes multiple times daily, tweeting out what an absolute disaster Bitcoin is in El Salvador and how like the everything's basically on fire. And it's like, and because because his tweets are basically just the same thing over and over

again, I've been commenting with the exact same thing over and over again. So I always just say, why are you crying? And on every single tweet about it. And again, like, do you guys have favorites of the salty no corners out there on? Hanky's one of them, dude. I jump in there. And look, I'm not going to lie. I fucking report him to Twitter safety for misinformation because it always is.

It always is. And I always say, Jack, if you're serious about misinformation, yeah, take some of these guys off of here. because everything he talks about, it's a total clown show, man. This guy has no idea. He talks about volatility on a week-by-week basis. Oh, by the way, only when Bitcoin is down for a bit. Bitcoin has a fucking 10 or 15% green dildo, and then there's no response at all.

So, yeah, Hanky's a joke. Schiff is a, they're all jokes, man. And it just goes to show how set in the ground people are on this stuff and how even someone like Twitter allows people like this to talk. Yeah. It's there's another one that I have. Hold on. I got to find it here. There is another guy.

Oh, yeah, there we go. Rohan Gray. Do you guys know who this tool is? He's like, he's like one of the people. where it's like, oh, Bitcoin is literally boiling the oceans and it's going to destroy all life on the planet and we need to avert this crisis and everything. Anyways, he-

That video of the ocean on fire. Oh, yeah. He, he, this, I found so funny. He, so this is his tweet. Nick Carter had said, fitting that the proposed solution to a literal all-time high and relative debt levels is, minting a meme coin as opposed to doing something crazy like cutting spending.

So he's talking about like the renewed proposals from people or suggestions from people in US government to mint a trillion dollar coin like out of nothing and saying, okay, there's trillion dollars here now. And he's saying how, you know, this is where we're at instead of actually entertaining the idea of just spending less fucking money. And this guy has the idacity to screenshot it and say crypto bro geniuses always reveal themselves when they try to cosplay as federal budget experts. And like he's he's using the idea of fiscal responsibility as like a laughable gotcha moment.

Like ha, I knew you were going to talk about spending responsibly and not. like printing trillions of dollars and debasing the US dollar by 40% in a single calendar year. What an idiot. Like these are the talking points that these people have now. And they're laughing at us for dare suggesting, guys, maybe like we should cut some expenses and like get rid of some of these programs that are doing nothing and actually, you know, shrink government, dare I say? And they're like, ah, hilarious.

Where does it go from here? Like, do they just? We got to bail out company owners. God forbid anyone buying stock or owning companies. Actually, when broke, we got to bail them out, which unfortunately incentivizes, you know, very risky and unsound behavior. you need to allow for failure so people start acting responsibly also in companies. And by the way, if any company owner goes bust, someone else buys up the assets and the jobs continue.

Bailing out the owners is the last thing that they should be doing. And yeah, we need sound money. Yeah, it's, I mean, these guys will still be in denial when, when the dollar is there actually there's a really good book hold on i got a i want to grab it here because i want to shill it i want people to read it hold on okay now you're going to have to at one point in the book they mentioned bitcoin passingly as if it hadn't succeeded so you so you're going to have to and i think rick's phone just died that's okay i bid you do rick thank you for coming um but it's effectively a uh a book on the u.s for the first time

defaulting on its debt, uh, saying that it's not going to pay what it owes and it going into total disarray and like mass, like crazy inflation. And it, it chronicles a family living in those times like 10 years from now as all this shit hits the fan. And it's,

it's really good. And particularly like the beginning when shit's actually hitting the fan. And like the president is giving addresses about what's happening. And like, don't get it. But people like this guy, this Rohan Gray, remind me, because there's a character, it's like the uncle in the book. And he's just this stubborn fucking idiot economist that the entire time is like, no, this is what's happening. And like is trying to frame it in his fiat mind. As this is what's going down, I get it. I know what's going to happen. Meanwhile, like, the university refuses to pay him anymore because like nobody wants. to pay fucking economists for anything because they're all so wrong about everything. It's good.

So I would recommend checking out this book because it's basically those, you know, when it's focused on this character, it's basically a biography of all of these no-cointers on Twitter right now. It's great. So guys,

I think what I'm going to do here, and again, Jess, thank you for your reason for being bullish. I loved it. Let's do, let's round out with some final thoughts. And, and bid everybody to do.

So I guess I'll go to Pubby first. Dude, any, any final thoughts about anything we talked about today or any final thing you want to get off your chest? Fuck, man. We were just getting started, man. I thought this was a three-hour show. I got a pack from Miami, man. Fuck, I'm going to sort of space his chat later just to make up for this lack of Bitcoin talk. Let me tell you something.

The one thing right now, because I started off, I love the network effect that came out. The network effect, to me, it's just another layer, another layer of Bitcoin and the value it provides to the world. And you're talking about why we're bullish. So let me explain something to you. I'm here. I'm stuck in the U.S., okay? And I see a government that just barely avoided a shutdown today. They almost furloughed every government worker.

They just had a last minute furlough. Okay? They didn't have money to pay for the government workers. Meanwhile, they are passing a bill for $3.5 trillion, while the president tells you it will cost you $0 for this. Are you fucking kidding me? What kind of math is this? You're shutting down to government.

You're taking a 3.5. trillion dollar loan and then you're saying it won't cost you anything it's a fucking clown world man networked in so that's why i'm bullish on bitcoin i love that that's oh god it gives me so riled up hearing that too you're making me bullish because it's again it's like bitcoin fixes this kind of reason it's awesome uh anders how about you any any parting thoughts anything you yeah yeah i have i have two things um something that both of you said so just too, a little bit similar to what probably was saying. And also something you said before.

Anyways, let me get to the point. So have you guys noticed how this time around when going into the discussion about the debt ceiling, I see a lot more comments from these, you know, central stakeholders. I think even Janet Yellen and some of the bank CEOs that, hey, you got to consider that, you know, U.S. might default on their debt. You know, it is where I think previously, they're like, oh, we're going to fix it. We're going to fix it.

But I think I've seen a lot of this, you know, we might not be able to, you know, U.S. might default, which is, I don't know, am I the only one who's seen that? But I think that's not, that is barish for the dollar. And that is, of course, bullish for the, for Bitcoin. I don't know if they'll use this other chip. as the time to do the global reset. But let's see. So the other thing of closing thoughts, like $300,000 per Bitcoin,

I don't know when it's going to happen, but it's a matter of time that I have no doubt of. You know, personal opinion, not financial advice. $3 million per Bitcoin. It's just a matter of time. $30 million per Bitcoin. It's really just a matter of time. So, yeah, everything. thing fundamental is pointing that direction. That's that's it from me. Thanks for having me on.

Jessica and Poppy. Always good to see you guys as well. Yeah. And again, the debt, the debt stuff, the, the, the, the possibility of default. You're right. It's the first time that I've actually heard that entertained seriously. And I don't think that they would go that route this quickly. at some point there's going to be enough pushback where it's, you know, it becomes a possibility. And that's, that's a big fucking deal because, you know, to have the U.S. actively default on debt, it throws the entire world into disarray. It, you know, I firmly believe that they'll just continue raising the debt ceiling until the currency is, worthless until until inflation is so bad that they're like maybe maybe we try something else

and then that'll be like the last nail in the coffin right but um yeah you're right this first time i've heard that entertained and uh you know it's it's a scary thought but i think they're just going to use it as as ammunition for each political party to you know try and get what they want unfortunately again but hey you know there is no debt ceiling. It's imaginary. It's never been there. I saw a clip the other day. They've raised it like 78 times. 78 times since 1960.

78 times. How insane is that? That's crazy. That's hardly a ceiling. You can't call that a ceiling. That's just infinity. That's more than once per year. That's more than once per year since 1960.

78 times. Holy shit. Yeah. What a clown. I've never felt happier to have Bitcoin, that's for sure. Yeah, 100%. Jess, any parting thoughts? Any final things you want to get off your chest? Yeah. Twitter, implementing the Lightning Network.

I mean, that was just huge. I have the open network, like Pubby was saying, the network effects more and more people coming in, using it. I mean, I think it's just quite obvious, the economic and incentivized upside of Bitcoin. It's just so undeniable now that if you don't embrace it, like, you're clearly going to be left behind. And it's just this incredible technology that we've been blessed with. And it's such a privilege to see it being implemented in real time, you know?

It's, yeah, if you're not on this train, NGMI, not going to make it. But join us. We want you to make it. We want everybody to make it, you know. You can make it. and you can make it at any time that you decide to switch to a SAT standard. So, yeah, Anders, he's got me in the chat. Don't have Bitcoin.

Same time as you said, just hit enter. Great minds, Brent, great minds. Guys, thank you. Thank you so much for being on all of you. Everybody watching, all of the Twitter handles are in these show notes so you can hit them up and follow them out. And of course, make sure you tune in to toxic. happy hour, follow them all on Twitter.

And yeah, guys, thank you so much for being here. Thanks for now. Ciao. See, you guys. And everybody watching,

once again, thank you so much. This is always the favorite, my favorite part of the week. Of course, it was day early because I'm heading to Miami tomorrow. So if you're going to be there,

let me know. I'll be around. Outside of that, of course, hit like, subscribe, share all those things super important. They really do help out the show.

If you want to help with the show in another way, you can hit up the previously mentioned sponsors. Those were Ledden, Bit Buy, BitRefill, Keystone, Bill Fottle, all of them are on the show notes. And finally, if you really liked what you saw, you can always drop me a Bitcoin tip at my strike. That is strike.combe slash BTC sessions. When you get there, you can type in any amount you want.

You hit the tip button. You'll be gritted with a lightning invoice. or if you click to the right, a regular Bitcoin QR code. And with that, I am out. Have yourselves a wonderful day or evening, wherever you may be. See you guys next time for your daily session. Huddled by Bitcoin.