BTC Sessions - WHY ARE WE BULLISH? Bruce Fenton, Len From CAD BTC Pod, Guy Swann ep265

Episode Date: June 18, 2022

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What is going on, everybody? Welcome to this show. Another Friday, another episode of Why Are We Bullish? We've got a killer, killer panel today. Very excited for all these gentlemen to join me. This will be gooder. Stick around. I hope you're all having a good week.

As always, if you haven't already, actually, I should say, again, this is live. Anything can happen. So, of course, I defer to my good friend, Bill here. We'll do it live. Okay. We'll do it live. Fuck it.

Do it live. I'll write it and we'll do it live. The fucking thing sucks. If you have not already, please do like, subscribe, share. All those things super important. They help get this show in front of more eyeballs. And I am Ben with the BTC sessions. This is your daily session.

I always love watching the people backstage that haven't been on the show yet when they see the Bill O'Reilly clip because I get to watch their expression of like, Whoa. But nonetheless, before we bring in our panel, let's take a look at where we are in the market right now. We're sitting at $20,565 per coin. A single U.S. dollar will pick you up 4,861 sats.

90.81% of all Bitcoin have been mined. And in terms of fees, 11 sats per byte for next block, if you're willing to wait around an hour or so, one or two sats should probably do you. Shout to sponsors of the show, shakepay.com. If you're in Canada, easy way to stack sats. E transfers in and out, no deposit or withdrawal fees, thin spread. On top of that, if you use the link down below after you sign up and purchase your first hundred bucks with a Bitcoin, they'll give you $30 for free. Same deal when you refer friends and family.

You can shake your phone every single day for free Sats. They also have a Sats bag visa card. So check them out. On next, leaden.io, love these guys. Maricio was just on Fox Business the other day, chatting about all of the blowups with Celsius and all that stuff. Lennon doesn't put your money in D5, by the way, just so you know. Anyways, Len.0.io, you can use your Bitcoin for a ton of different stuff.

So if you're in a pinch, you need dollars, but you don't want to sell your Bitcoin. You can deposit here, get dollars to your bank account. When you pay back those dollars, you get back the same amount of Bitcoin. They also have savings accounts for Bitcoin USDC. They've got their B2X offering, and they're starting to roll out Bitcoin-backed mortgages across Canada. And soon, some select U.S. states. Check them out in the links down below.

Bit refill helps me a ton in living on Bitcoin, which I've been doing for some time now. You can pick up gift cards, anything that your little heart desires with Bitcoin, both on-chain and Lightning Network. You earn SATs back as you shop. You can get more SATs back with the referral program. And if you're in the U.S., they've begun rolling out bill payments so they can help you get on that Bitcoin standard. Check them out down below. Keystone, one of my most used hardware wallets, air-gapped, meaning you don't plug it into anything internet connected. It's all done offline via QR code.

Keep your keys away from internet connections. Upgrade to that Bitcoin-only firmware works beautifully with Blue Wallet Sparrow Specter. Awesome in a multi-sig. I've done a full tutorial. Check them out down below. And finally, if you're backing up any important Bitcoin wallet, get it in solid steel. Paper flitting around, maybe not the best option. You know, fire damage, water damage.

I've heard people throwing out their seed phrases because they just weren't paying attention with paper. that steel backup gives me that piece of mind so you can grab a bill follow at Privacyprose.io. And with that, I'm going to stop my rambling. I'm going to start bringing in my panel. We're going to welcome Len, Bruce, and Guy to the show. Welcome, gentlemen. I'm so glad to have you. Let's do a quick round of intros so that everybody knows who you are and what you do. I'm going to start it with Len. Len, let people know who you are. Yeah, I'm Len. I'm one half of the Canadian Bitcoiners.

Joey tweets is the other half. And we do a Bitcoin show on YouTube. And you could catch us also on any of the podcast podcasting app. And we talk about Bitcoin, Bitcoin News, and typically it's with the Canadian slant. So yeah, check us out. We're usually ranting away talking about all the goodies that happen in Bitcoin. Awesome. Well, dude, I'm glad to have you again.

Let's jump down the line. Bruce, good to have you. I think I haven't. I've only met you in person once. And that would have been at Bitcoin 2021, I think. Yeah. But very happy to have you. Let people know who you are and what you do.

Yeah, thanks for having me. So my name's Bruce. I've been in Bitcoin in the crypto space for nine years now. Prior to that, I was in finance for 20 years. So I've had a cool career, you know, doing a lot of neat things in finance in this industry. And I host a Satoshi Roundtable, which is a well-known event. I've been an active investor. And then most recently, I decided to run for United States Senate representing New Hampshire,

which is where I live. So that's been keeping me busy lately. I'm impressed that you had time to come here, but I appreciate it nonetheless. And yeah, welcome to the show. Guy, I think just dropped out because he's having audio issues, but we know who he is. I'll give him.

I'll give him a glowing endorsement. Guy Swan is the voice of Bitcoin. If you want to hear all of the best in Bitcoin, read to you soothingly with a silky, soft, smooth voice. You need to check out Bitcoin Audible because he literally reads every piece of Bitcoin content that he can get his hands on. And he's just fantastic at it. It saves you loads of time by being able to go about your business, get your errands done, and get Bitcoin content piped directly into your ears. So check him out.

He'll be in here in a moment. There he is. Guy, I just gave you a glowing endorsement. I just gave the Bitcoin Auditor. pitch and talked about your silky smooth voice. So welcome back, buddy. Love it. It's been a hell of a day trying to get everything in order. As you hear, the dogs are going crazy right now. The second I connected to this, finally, the power went out. We've got like this random, like, storm that just came up just, it's been one of those days. Like the power blinks out. Yeah, that has been

the whole day. That is the explanation of every minute of. Are you powering your home with unreliable, Sky? Is that what you're trying to tell me? Yeah, it's, it's renewables. Is renewables? The wind, the wind was picking up, but then it just paused for a second, and all my power went out. It just at least it's green. Well, dude, I'm glad to have you, and you're a new dad. So you are running on, what, 15 minutes of sleep in the past 24 hours? Oh, come on. I guess the wind stopped. That's right. It'll be intermittent.

But nonetheless, oh, there is, there's a second guy popping in. We guessed that the wind stopped just there. Listen, guys, it's just going to be really unreliable for a little bit here. But I am working on 18 minutes of sleep. So, you know, don't undercut me with. 15. Yeah, there we go. Okay, we're going to be all right. Well, gentlemen, I'm glad to have you all. Everybody watching, if you're unfamiliar, this is why are we bullish, really simple premise to the show. We go by the three ours. Number one, somebody's going to drop a reason why they're bullish. Number two, we're all going to riff on that reason together. And number three, we're going to rotate to the next person until we each get a turn. Really simple. I'm going to get us started today. And the reason I'm bullish, and everybody, is always like, how are you going to do this show in a bear market? Well, I'm bullish because of wind

because of because of Bitcoin not having a lender of last resort. And this is something that I think we've seen in the past couple of years, a lot of people come into the space, maybe from an institutional background and assume that they can kind of treat the space as they treated traditional kind of fiat the fiat world will say but you know the traditional kind of lending leveraging no consequence i'll get bailed out of things go sideways kind of mentality of legacy finance and i think bitcoin kind of throws a wrench in that um it one from its volatility, but two, just there's not going to be bailouts for these types of things. Like when people go and they over leverage themselves and they do stupid things, they play stupid games and they win stupid prizes.

Well, I mean, we're kind of seeing the consequences of this. And we're seeing like the extremes of a free market play out, right? We're seeing people that have traditionally been babysat and kind of funneled into, hey, you know, put your money here, put your money here, we'll protect you, will prevent you from doing certain things. And then if anything still goes wrong, well, you know, there'll be, there'll be a bailout if you're big enough. And we're seeing the inverse of that with kind of the fallout from Taraluna, the contagion with things like Celsius. the Three Arrow's Capital and kind of the things that are starting to splinter out into the greater ecosystem, there's not going to be bailouts for these people. They're going to have to just eke out being able to stay solvent or fail.

And I think in the end, that's going to hopefully, and there's still a lot of people left to understand Bitcoin. kind of come to the space as a whole. But the people that were involved in any of these things, they're going to learn some hard lessons that you typically don't get when you're dealing with the legacy financial system. You don't learn those hard lessons of what risk actually is. And a lot of people are being exposed to that now.

I dare say that there's going to be many more to come. I don't think this is the last time that we're going to see a large misallocation of capital in and around Bitcoin and the cryptocurrency space. But I think as time goes on, people will be more conscious and considerate with where they place their money. And I think overall that's a good thing. If you bubble wrap the world, then nobody knows what real risk is. If you start to remove that bubble wrap and people bump their heads on sharp corners, they're going to start being a little bit more careful. So again, I think in summary, as painful as seeing drops like this and seeing people get wiped out is,

and as sad as I feel for people that maybe didn't dive a little bit deeper and investigate into, investigate where they were putting their money into, as bad as I feel for those people, I also think that it's fortunate that things in this space can blow up quicker so you can kind of tear that band-aid off and teach that lesson quicker than it would have happened in a system like we're seeing right now where, you know, the Fed is kind of stuck between a rock and a hard place. And it's able to play out over decades and decades. And what is that end game? We don't know. but if it's a negative one, that's massive. So again, I think that the Bitcoin space in general is good at finding those inefficiencies and kind of, again,

ripping off that Band-Aid early enough. So it's not absolutely catastrophic, although it still can be painful. So I'll open it up to you guys, Len or Bruce, if you want to jump in, just thoughts on, I guess kind of the blow up that we've seen over the past few weeks in, particular. And do you view this as a painful but positive thing? Oh, yeah. It's definitely, it's going to be painful for, and it has been painful for a lot of people, but you're right. It definitely is positive as well. It's going to shine a light of what it is Bitcoin truly is. And it goes to show you that the mentality with Bitcoin, it's not for living for the present,

but living for the future, you're saving, you're trying to think long term rather than short term gains that you get with defy. There's going, there are right now a lot of bad. bag holders out there and there's going to be a lot more bag holders moving forward too, but it's not going to be just limited to defy. It's also going to be partially to the traditional financing world. Ultimately, we're all bagholders when it comes to being servants of our central banks. So that's another thing to consider is that we're essentially bagholders in that regard. But I'm going to go back.

The mentality does change with Bitcoin when these people hopefully will understand Bitcoin is something that is much more long-term. And investing in it, there's sound money here. The network is secure. Sure, you're not going to get rich right away. You come in for, at least hopefully you come in with an idea there may be a number of a lot-up mentality, but you stay for the long-term because of the fundamentals. Bitcoin provides so much strong fundamentals in comparison to the other shit coins.

And in comparison to the shit coins out there. And I'm hopeful that the people that are just wondering what the hell just happened to their wealth and anything they had invested in Luna, in Celsius and everything else, they realized that shit, I should have put it in Bitcoin instead because they'd be sitting pretty, even though the price is down. One Bitcoin is always going to be one Bitcoin. Bruce, how about you? What's your feeling on kind of the blowup we've seen recently?

Do you see it as a negative, a positive? Yeah, I think it's a healthy thing that it's sad, of course, and it's, you know, the world is tough and nature is tough and markets are tough. And there's going to be losses no matter what. And what we see in our space is with relatively little outside interference and regulation because it's global and because it's, it's, you know, not as regulated as the traditional markets. And there's certainly no things like bailouts. You know, I like what you mentioned about bailouts. You know, in the legacy world, if you fail and do stupid things, you get, you get bailed out.

And that's a terrible moral hazard and it's a terrible economic policy. But in Bitcoin, you know, and the broader, you know, these, these other, you know, coins. as well, where you see these huge catastrophic losses and failures, you know, it's just sort of like, you know, buyer beware and it's a more open market. And I actually like that. I think it's a great way to self-regulate. You know, the government hasn't been able to prevent anybody from getting, you know, crypto losses. But what has prevented people is learning from bad experiences. If you had a perfect, you know, legal get out of jail-free card and you could issue the kind of white papers that were issued in 2016, nobody would buy those. You know, they've learned their lesson. because their cousin Tony, you know, lost his life savings on it. People say, gee, I'm not going to put $100 million in an ERC 20 token that's a gift certificate to a store. Nobody wants to shop at. You know, so people learn. And that's a great way.

That's a very, very healthy thing for the markets. You know, you don't need, you know, the government involved or you don't need Len mentioned he was going to mention Elizabeth Warren. I'll beat you to the punch. You know, Elizabeth Warren gave $800 billion of taxpayer money to crony bankers in the tarp bailout in 2008. That was the world record up until a couple of years ago, now they've far eclipsed that with trillions and trillions that they've given to cronies. And that doesn't happen in our space. And it can't happen with sound money because nobody would rightfully give up their Bitcoin.

Can you imagine if this was fully mature and there was some sort of Fed who had to come and say, hey, can we have some of your Bitcoin to bail out Luna? It would never happen. Nobody would give their Bitcoin. Not a single Bitcoin would be given to that. So projects that are supposed to fail, fail. And that's the way it should be. And that's what I wish would have happened in 2008

and all these other times when the government has been meddling in things. It's a healthier market. Yeah, absolutely. I got to give a shout out to somebody in the chat here. I Cust, 007. I am part of the plebe that's been hurting because I didn't learn about Bitcoin fast enough. And again, that's super shitty man.

I feel for you. And hopefully it wasn't too big of a loss. But consider this to be a very early. and potentially not too expensive in the grand scheme of things lesson so that you can start building a solid base and move forward with those lessons so that you don't make the same mistakes. Again, I still think we're very, very early in the life cycle of Bitcoin and the growth of Bitcoin as the world starts to understand what it can offer. So you still have a unique opportunity to kind of get,

in at this early point and start to utilize Bitcoin to improve your life. But yeah, it can be tough when you build something and you realize it was illusory. And it kind of disappears because, you know, not your keys, not your coins. So hopefully, again, in watching various content, learning like real life experience through those losses, those lessons, they build character and they build people that make better decisions. So again, wishing you the best, man. But I'll toss it to a guy here. I'm sure you caught a little bit of that. But what's your thoughts on kind of the bloodbath that we've been seeing, all of the implosions or impending implosions, and do you view them as a long-term good thing?

Do you think they're negative? Do you think we'll see them again? I think we'll inevitably see them again. I think it's just kind of the nature of this space and the transition out of Fiat into Bitcoin. Like the shift from a Fiat monetary mindset to a sound money mindset is going to be horrible. Like it's like it's essentially a collective identity crisis in a sense, right? We've we have all treated and valued our lives incorrectly, our time incorrectly. And just like it's a very enlightening and often painful experience for all of the individual Bitcoiners, we'll extrapolate that over, you know, billions of people.

And that's that's the next 10 years. It's going to be a rough ride. And it's going to come with a lot of mess. It's going to come with a lot of crypto nonsense. and, you know, attempt to take the financialization of the fiat, the gambling of Wall Street and redo this, recreated in a digital space. I don't think this is quite over, but the beautiful thing is, is the whole purpose of a free market and the purpose of a sound of money is that that behavior gets punished, is that when you

fractional reserve, you go out of business. And we don't get to clean house of those terrible behaviors of that irresponsibility of the insolvency unless we have days like today, unless we have weeks like this week. It never goes away if you don't wipe it out. And that's why I think these are great times. You know, a strong economy is built in a recession. When a recession happens, when a correction happens, is you get rid of the fat.

You get rid of all the crap that you knew you didn't really need or wasn't really doing anything for you, but you hung on to it because it was just easier to just let things skate by. You know, if we had actually just let the 2008 crash happen and let everybody go out of business, the economy would have recovered. We wouldn't be in the situation that we're in today because all of those irresponsible, corrupt banks would have just died. and no one would have repeated their behaviors. Instead, we rewarded them, and everyone doubled down on the same problems and the same corruption, because everybody got away with it.

Everybody got a reward for doing so. The fact that we have these moments in Bitcoin is proof that we're actually going to beat them, that we'll actually build a robust economy that cannot get out of balance, because the price will correct and everything will adjust, and it will be bloody and it will hurt really, bad during those times, but it will be exactly why we beat them. Because we have real prices. We have a real market. And then lastly, Bitcoiners are built in the bear market. Everybody is, everybody's happy and everybody can believe whatever stupid shit they want to

believe when there's green candles everywhere. You can convince anybody of anything if it's nothing but green candles, but you give them 10 red candles in a row, And the weak bitches will run screaming. The sad people with no conviction will sell. And you'll find the real bitcoins. And the people who are on the verge of being bitcorners will wake up to why everything, wake up to understanding exactly why Bitcoin is the way it is. And if we did not have these bear markets,

if we did not have these corrections when things got really, overheated, the Bitcoin, everything that is good and actually valuable about the Bitcoin culture would die and slowly disappear. This is where Bitcoin is made. Yeah. I'd agree. Bruce, did you want to add anything? I saw you unmute.

No, no, I just, I love it. No, you're absolutely right. About 2008, you know, you hit the nail on the head. It's perfect. Awesome. All right. Well, you know, I, I. I tend to agree with the panel.

I think, you know, we're not going to have like a V recovery right now. I think there's a lot of stuff to be washed out. There's a lot of riffraff that's in the midst of unwinding. But, guy, you're right. The bitcoins are built in the bear markets. Like there's never a better time to learn and build and and meet other Bitcoiners and and kind of build your understanding of what is afoot than in the bear market. If you can get to a Bitcoin event during a bear market, man, is there ever some signal there?

Like Bitcoin 2019, ooh, that was a gooder. So, you know, get out to those conferences, get to those places with high signal. There's going to be a lot less riffraff when the price isn't currently. at all-time highs. And you can learn a lot and you can build that solid foundation of knowledge well before the majority of your friends and family end up getting all of a sudden interested again when there's nothing but green candles. So use this time, everybody.

With that, let's do a little bit of a rotation here. I'm just going to pull up a couple comments that I saw. I wonder if the day that bloodbaths decrease in size, it will be a tipping point for adoption. I mean, I'd say at that point, the adoption has already happened if the blood baths start to recede. It's because so many people have recognized the value of Bitcoin that they're not opting out for other things when things go sideways. So, yeah, also Dan Helios wanted to let Guy know that. that your hair is fine. You're doing some maintenance there,

so I guess he just wanted to let you know, man. Yeah, so let's do a rotation here. I'm gonna toss it to Len. And Len, you are up, you get to enlighten people. Why are you bullish this week? Go ahead. All right, so why am I bullish? Well, it's Bitcoin mining,

and anyone knows me I love Bitcoin mining. And this is the backbone of the internet. of the Bitcoin network. And specifically what makes me bullish about it is the new and innovative ways that people and companies are mining Bitcoin and tapping into new and unused resources. And this kind of leads me to the World Bank. And you might be asking yourself, isn't the World Bank along with the BIS and the IMF, part of the financial three stooges?

Hell yeah, they are. But they also signed the World Bank did. They signed an agreement with the country of Oman just a couple of weeks ago. And this agreement stipulated that Oman will end the routine of flare gassing by flaring gas by 2020. Sorry, 2030. So in just a few short years, eight short years, they're going to stop the practice of flaring gas. And is this a victory by the World Bank? I think that they would think so, but it would be short-lived.

In my head, I have these images that they were celebrating, parting it up, Don Pierio, caviar, shit that they have fully stocked for just about any of their team meetings. But these celebrations, they must have been short-lived. And the reason being is Oman reached out to a company called Cruceau Energy. And who is Cruzo Energy? Well, they're a U.S. firm that their expertise is turning flared gas into Bitcoin. And this is through combustion in generators with ASIC miners plugged into them. And this news to me is absolutely incredible that the World Bank is responsible for this Trojan horse

to open up the door for Bitcoin mining to take place in the seemingly, from the seemingly wasteful gas in a region that waste this gas en masse. I want to talk briefly about Oman. They are, if you look at the rankings for oil production, they're ranked number 21st in the world. So you wouldn't be mistaking them with the kingdom of Saudi Arabia when it comes to oil production, but there's still no slouch.

And another country that's not a slouch, and number eight on that list of oil production is the United Arab Emirates. And the UAE also has allowed Caruso energy to give them, gave them the green light to set up shop in their country. That's incredible. Sadly, I don't think the World Bank was involved with that, but it's a marriage made in heaven,

but it's still going to be good to see what happens moving forward. And if you take a step back and you look at the Middle East and North African region, this area, which they call the Mina, it's responsible for over 38% of global flaring in 2020. That's a significant amount of energy that's being wasted by countries like Iran, Iraq, UAE, Kuwait, Libya, and a whole bunch of other countries.

It's a lot of gas out there that could potentially be monetized by Bitcoin mining. And in turn, this is going to further strengthen the Bitcoin network. And remember, this is at a time where we have companies in North America that are being publicly shamed by politicians. I've got one right here. And people like this, they're just complaining about all the energy that they use up. And at the same time, there's no talk about, that Bitcoin is essentially the buyer of last resort.

And that's why people like Ms. Warren, their Hall of Fame no-coiners. But I just don't want to single out U.S. representatives. We also have officials from the European Union also to create all this fight about Bitcoin mining by using too much energy. I can just keep bringing a picture after picture. There's so many of these no-cointers out there. But Middle Eastern countries, they're not tied to the same political ESG constraints that we have here in North America.

If North America is trying to make it difficult for Bitcoin miners to do business, might not be just simply pick up and go somewhere else where energy is cheap and reliable. And the Bitcoin network will just strengthen as a result. And what I like best about this is this added strength is all as a result of the World Bank's involvement. I love that. The World Bank has made it harder to do a 51% attack on the Bitcoin Network. I thank you very much.

It's an absolute incredible turn of events. And if I ever do decide to splurge some money and the first bottle of Don Perre-on-on, I'm going to dedicate it to you to World Bank, I also dedicated to Elizabeth Warren. and Christine Lagarde, but there's so much energy out there that we could monetize, make the Bitcoin network stronger. That's what makes me bullish. Dan, dude, you always bring the receipts. By the way, I've got a decoration suggestion for your back wall there.

I think I won't, I won't be fully satisfied until that entire wall is just different framed pictures of Bitcoin skeptics with various titles. I think that would be fantastic. I think you should strive for that. Maybe just a wallpaper would be good. I'm going to be re-dectorating, so I take your consideration. I think that might be one of the greatest decorative backdrops. It would far exceed mine if you could pull that off.

So, you know, consider it, consider it. Just wall to wall, give it like one inch, like borders in between. Yeah. And when they become coiners, you just take red spray. paint you put an X on it or a green check mark and say, okay, we won that one over. That'd be great. You're all going to have no choice. The options are limitless mark and orange check mark.

I love that. I think that's great. It's super interesting to see the differing approaches to mining and also like looking at it globally. Like so for instance, I was talking to you before the show and we saw Washington State, I believe, impose a 30% tax on Bitcoin miner. buying energy from the grid,

which is hilarious because, like, first of all, anybody who buys that energy, if their, if their, if their reasoning was we don't want emissions, anybody buying that energy from the grid,

it's the same mix, same energy mix of where that, like how that energy was created. So regardless of who buys it, it's still going to be the same, like green to non-green energy mix. On top of that, when you don't sell it, it still gets produced. You've just got to offload or just like waste that energy.

So it doesn't make sense. And not only that, but when they prevent those miners from buying that energy, perhaps in a state that maybe has a more sustainable mix of power, those miners don't stop mining Bitcoin. They're going to move somewhere. where it's cheaper for them to do so. And so those AICs are just going to move somewhere, maybe within the U.S., or perhaps to another country.

We literally just watched this play out in China. No more mining. Okay, cool. Everybody just relocated within six months. The hash rate was back at all-time highs. And then still, there was a bunch of miners that were just, like, they're still in China. They're just not. That was about to bring that up.

I was like, there's still 20% is estimated. 20% of the half power is still just in China, just chill in. Yeah. It's like people don't understand that this is a global market. And so when you ban it in one location, it doesn't prevent that thing from taking place, it just reallocates it. And it may reallocate it to a place where they're using a coal plant. So like if you want, if you want to reduce them, if that's your actual goal, you want to reduce emissions and you want to have a clean energy mix, then have your grid support a clean energy mix and then incentivize people to use that power.

Because if they don't, these non-location-specific entities like Bitcoin miners are going to migrate elsewhere. And they're going to cause more emissions than locally if you're able to provide quote-unquote green energy at a discount. So it is funny to see. I think, you know, we saw another headline earlier today. We see Russia. Their third largest Russian oil company has partnered with BitRiver to mine Bitcoin. And again, like in terms of what mining is actually doing in terms of emissions, I mean, a lot of the times, especially with these oil and gas wells, I mean, methane, flared methane is 80 times worse. than flared CO2.

And if you can have somebody come and capture that methane and utilize it and convert it to CO2 as a buyer of last resort, that's a massive thing. And so when you're talking about Oman and the UAE and all these places that may be implementing that and actually capturing that methane and utilizing it to secure a network that vastly improves the efficiency of our financial

system globally, that's a massive win on all fronts. And it just seems like it hasn't clued in for some people. But I guess the free market will help them understand that over time. But I'll open it up to everybody. I think Crusoe Energy is going to be big because specifically because of this. because Exxon Exxon is using them in North Dakota right now for the exact same reasons to meet environmental regulations and as that

what's crazy is that there is enough flared methane. I saw somebody had an estimate that there was enough flared methane in the world that if it was all simply used to power the Bitcoin network the Bitcoin network would have three times the rate that it currently has.

Awesome. Just flared methane is being thrown away. It's zero dollar energy. That's great. Incredible. Bruce, did you want to tag in here? Anything that you found in? I love this Oman's story and I love the UAE.

You know, we're going to do the Stozy Roundtable this year in the UAE for the first time. My wife and I used to live there. We lived in the UAE and we lived in Saudi Arabia. So it's a really important part of the world to me in our life. And we have a great cultural and social connection to the region. And it's really, really important. It's important to the world. It's a very, very important place.

It's, you know, throughout human history, the Middle East has been very important. Unfortunately, in recent decades, it's known for conflict and things like that. But, you know, over time, it's always been an incredible trading route. Silk Road went through the Middle East. It's a, you know, Saudi Arabia is home to the most holy sites for two billion people. it's an important place in the world. And we've had, you know, very sadly, the conflict we've had in recent decades should be unusual. You know, we had better relations with a lot of the countries there. We had, you know, really good. It was interesting. Our first partnership with Saudi Arabia was

us and them versus communism, you know. And I think that this kind of centralized authority, what you see in China is a bad worldview. And I'd like to see us band together. I would love to see the United States have better relationships with the Middle East. And I think, and I, you know, of course, I'd like to see the Middle East become more free. And, you know, they made incredible improvements in many, many ways and in many countries. But, you know, Bitcoin is is a really, really good way to do that. You know, if you can separate money and state and have a more sound form of money, you know, that is the root of kind of everything. And interestingly, one topic that I'm super interested in is Islamic finance and Bitcoin because I believe that, you know, and there's, you know, there's,

you know, Islamic scholars and others who also believe that, you know, Bitcoin is sort of, you know, the perfect money. And that fiat, all the great religions, you know, Islam, Judaism, Christianity, all believe that fiat is bad. And they all kind of ignore it, you know, even very, very religious people in the Middle East who are very, very strict about anything else. And then they go ahead and use these pegged currencies, which are pegged to the dollar. And we all know that the dollar is a scam. And it's against their own religion, against other religions. So, you know, I'm very fascinated by this unfolding. I think that we're going to see some exciting stories out of this part of the world. And because of the wealth is really, really, really significant when some of these, you know,

they know how to build, they know how to do infrastructure. They have lots and lots and lots of capital. So it's quite a different thing than what you see in Latin America and some other exciting, you know, It's great to see some aspects of what's going on in El Salvador. But Middle East is the 9 million pound gorilla for the global economy and the energy and everything else that plays into that. I think it's super exciting. So I think it has a huge story. And I think it's awesome. Yes, super interesting.

When is, when are you doing your Satoshi roundtable? It's in February. Oh, so at 2023. Okay. Yeah. I did have a, I did have a, I did have a, I'm a, I'm a good to- But I couldn't make it. But I'd like to, is it Dubai or where?

Yeah, it'll be in Dubai. Yeah. Awesome. I went there. Last October, Tone vase had understanding Bitcoin there. And so I led a couple sessions there, which was a lot of fun. It was cool to see. I had never been.

I didn't realize that most people don't like walk during the day on the street. So I'm walking around and being like, where the hell is? Everybody's sweating my ass off like an idiot. I didn't realize there's like tunnels. and connections and stuff that you can get around with. So it was hot. But yeah, no, it was awesome. And really, really, really cool to see.

So yeah, yeah, awesome. Well, maybe I'll take you up on that. Cool. Awesome. Awesome. Well, let's do a little rotation here. Len, that was an awesome topic. I'm glad we got to talk about it.

The Bitcoin mining space is just super interesting. And I think in the end, it'll be, either Bitcoin miners become energy companies or energy companies become Bitcoin miners, but the two are going to mesh in some way, shape, or forms. So I'll give a prediction on that. I think miners are going to, there will be a bigger group of miners going to energy production than energy producers going to miners for the simple fact that the energy sector itself is so misallocated.

It's, it's, it's, the investment is in so many of the wrong things that I think it's, it needs essentially a change in culture and a change in like, how things are built and thought about. And that that's more likely to come from the outside than the inside. Um, maybe it's like a 50%,

I mean, a 60% 40% I don't really know, but I kind of feel like, I don't know, Bitcoiners build stuff and, uh, I don't see it being a great leap to creating our own energy. Yeah.

I mean, I could see it's starting with acquisitions, right? Like Bitcoin, some Bitcoin miners get moving up where they say, okay, we're going to start purchasing some stuff. Awesome. All right. Well, let's do a little rotation. I got to give a shout out to yellow who made it, our favorite puppet yellow. he even types in an accent yeah i know i love i'm here thank you for having he's he's my favorite i got to meet

him hey i got to meet him in person in in in grace when i was there and he's super awesome uh he gave me he gave me a ride on his motorcycle so if you can picture it uh the fuzzy little yellow person driving the motorcycle and then me holding on to the back of them. That's what it actually looked like. Just so you know, he's a real puppet. But yeah, no, he's a great guy. Cool. We're going to do rotation.

Bruce, I'm going to jump to you, and I'm going to let you have your little rant. What are you excited about in the Bitcoin space right now? What has he bullish? Well, I think it's where we are in the world and where humanity is right now is what it makes me most bullish. And what I mean by that is, I think we're in a fourth turning.

So there's this great book called The Fourth Turning, which came out in the 90s by Strauss and How. You got it. Awesome. I'm amazed how popular this book is. I first read it when it came out. I've been mentioning it, you know, on the campaign trail every day. And a lot of people love it and they are big fans.

So when I mentioned it, people like it. But for those who haven't read it, it's a great book. And there's other people. This isn't a unique philosophy by Strauss and How. You know, this is sort of many historians over. history have talked about the cycles that humanity goes through, where you go through these hundred year or so time periods, and it's driven by generations and demographics and a lot of other things.

But basically, power structures rise up and then they fall. And there are these times a fourth turning every hundred years or so, kind of like clockwork throughout human history where everything changes. Just in the blink of an eye, everything changes. Money changes. Systems change. Who people trust change. how things work, how people get information, borders, everything.

And this has happened again, and this isn't unusual. It's the norm. It's happened again and again and again throughout human history. And we haven't seen it before. None of us are old enough. There's only a few people living today. You know, if you're maybe 100, 110 years old, you could kind of remember when this happened last time.

But this is new territory for everybody. You know, the world that we had in 2019 and before, you know, the rules that we had then all growing up, everything we learned. It's all out the window. It's a whole new world now. and everything's shifting and changing. And with that, historically, money has changed. So that alone is pretty bullish.

But on top of that, just the fact that there's so much chaos and so much change, and some of it's scary. And we see a lot of it. It's definitely manifested in the last couple of years. You know, the politicians' reaction to COVID was the, and notice I don't say COVID, because COVID didn't close businesses, politicians did. You know, the politician reaction to COVID was the pin that popped. the bubble that started, you know, probably around, you know, the popularity of the internet going to

2008 when the money started getting fuzzy. You know, 2008 was a wake-up call for a lot of us in finance. We said, oh, this is a mess. This is, this is a problem. And so what is happening now is this kind of continuation. Ukraine is a result of this and, you know, all kinds of chaos. We have new ways of thinking, sort of, you know, almost like new religions, you know, new ideas rising up. And it's a time of crazy chaos. And it's not going to just end. We're not going to say, oh, wow, that was a weird couple years, you know, 2020 to 22. How about that?

No, I think it's going to continue because of end-the-order effects, you know, supply chain and all kinds of things like that. And inevitably, unfortunately, we'll probably see a lot more chaos. But the good news from that is that it is a time for people to reevaluate and for new systems. You know, the Clinton Global Initiative and the World Economic Force, and the IMF and Goldman Sachs and these kind of CNN, New York Times, these are all failing dying powers. You know, Gen Z, TikTok, Joe Rogan, Bitcoin, these are the rising powers. And the world is shifting right now.

So all of the tyrants and the centralized forces and things like that have been mucking around with our world for the last several decades and kind of living on fumes of, you know, reputations that were earned by our ancestors. that's all going to come crumbling down. And it's our opportunity to build something new and better and exciting. And so what better time. You know, Bitcoin came into the world at the right time. And we'll never know if it would have worked without what has happened.

But my theory is that the events of the, especially the last couple of years, sort of created the perfect storm. I mean, the money was broken before, but they kind of could have gotten out of the hole. You know, if we had somebody really good and, you know, they could have gone on a gold standard and, you know, maybe done some other things and kind of slowed down Bitcoin. But now it seems more inevitable than ever because everything else is so broken. It's almost like they've given up. They're just printing and printing and printing money from thin air in hopes that that's going to somehow dig them out of the hole.

And I think it's just going to accelerate Bitcoin. And I think that the sea change that we see with all of humanity, all of humanity, not just Bitcoin, all of humanity. We're opening our eyes and we're looking at this. And I see people who never really heard of Bitcoin, but they're starting to care about money and monetary policy. And you better believe when people can't get baby formula or they see the price of lumber, increase 6x or something like that, they're going to start doing the same thing that some of our greatest bitcoins you notice are from places like Argentina and Greece and other places where they, especially early on, you know, Wences, Andreas, you know, there's so many people that

came from places that, you know, had bad economic policy. And now we're seeing that firsthand, you know, and we're seeing the results of it. And with this great change, anything can happen. So you know, you would have never believed me if two years ago I said this was going to happen all this crazy nonsense that's happened over the last two years. So there's almost no point of being too bullish. I mean, anything can happen. We're in a fourth turning. So anything can happen.

We could see two years from now. It could be a completely radically different world. And the bullish part of me says that I hope that world is where Bitcoin is realizing its potential. So we could see Bitcoin do things that it would have never been able to do without the world. If the world was working fine, you know, Bitcoin is kind of cool to us. geeks, but it doesn't have as much of a use case if the world is a complete and total chaotic mess like it is now. Bitcoin is even more appealing. So I think people are waking up to that. And with that, they're learning and, you know, they're skeptical, especially Gen Z.

You know, Gen Z just doesn't believe anything. There's no way they're going to grow up and be like, oh, yes, I'm going to listen to the World Economic Forum and the IMF. They're just not going to. Those institutions are dead, just like CNN and New York Times and everything else. The central powers have had their day. And I think we're going to see a really exciting new world of decentralization. And hopefully Bitcoin as sound money for the world, you know, a global money standard, a Bitcoin standard, at least to some degree, you know, one of the top currencies, if not the top currency.

So I think that's really exciting. I love that. That was a fantastic rant. And I'm super glad that you brought up the fourth turning because I love this book. I love the concept. And it's, I mean, when you read the book, it's kind of skis. Gary because you actually, they walk you through the various turnings and how they apply to previous generations and this. And like clockwork, it's more or less played out. And so that

puts the end of this turning at some point in the late 2020s. So we've still got five, six, seven, eight years to go. We've just begun the fourth turning. So, a lot of shit can hit the fan in that period of time. I mean, you just said like the pre-2019 era to now, think of how quickly things changed. And Bruce, like I watched you as as things started happening and then your opinion on what was happening changed as the dynamics changed and the power structures changed. What for you in the midst of the pandemic? Because you were, you were initially very concerned and thought that some of the things were were sensible to do, but then at some point something for you changed. What what kind of made you kind of change your

perspective on that? Yeah, it was really just looking at the data. I was terrified. You know, I was fooled. Filled me once, you fool me, but I never, I never was in favor of the lockdowns and the heavy state action, but I was terrified. I was terrified because I saw these pictures of people dropping dead in the streets of Wuhan and India and, you know, this other stuff, which we later found out was propaganda. And I thought that this was going to be an extremely extreme, you know, remember when Tom Hanks got it? We were all like, oh, no, not Tom Hanks. He got it. It was so traumatic and sad. And now people get it. And it's, I mean, what's his name? Colbert was just joking about how he's had it two, three times, you know. So it's, we,

it's just not as deadly as we thought when we saw those videos of people dropping dead. So I, I remember, and I remember exactly when it was. So when we had St. Patrick's Day in March 2020, I thought those people were crazy. I thought they were risking their life. I thought that if you went to a bar and there was a few hundred people there, that many of them would die. And so I said, these guys are crazy.

And then it only took two weeks because they told us it was two weeks. And I said, well, two weeks, we're going to see what happens. Two weeks later, they weren't all in the hospital. And so by early, as early as early April, And I remember it was around like April 7th or something like that. That's when you started seeing people getting arrested. You started seeing people outside. They're saying you've got to wear a mask outside.

I'm like, wait a minute. I've been following this stuff since January. And I thought I was doing the right thing to protect my family and everything. I'm listening to all these clowns at the WHO and scientists and all of this. And I was very concerned. And then their predictions of doom and gloom just didn't happen. And then meanwhile, you had this huge increase of enthusiasm. authoritarianism, which I'm always very, very cautious of.

So those two factors, and then, you know, by the time most people were just sort of hearing about it, because I was pretty early, you know, I was already against these, you know, the heavy-handed state action I've been against from day one. It was never, ever the, no matter how deadly something is, it's never the proper role of the state to tell people what to do. If it has a 90% death rate, believe me, government doesn't need to tell anybody. We would, I'd be staying in home. I would have never left my home, you know, if all the,

those people, if you did have people at a St. Patrick's Day Party where, you know, a third of them are dying, nobody'd ever go out again. But that just wasn't the case. So they kind of, hoodwinked us and there was a lot of propaganda around. And then, you know, I'm always very cautious of state power. I think that it was important to call that out early because state power is a really, really dangerous thing. Governments have killed 300 million of their own people in the last century. And they killed, you know, many, many millions of other people as well. And they also, you know, cage people and steal their property and all kinds of other horrible things. So, you know, government is like Ebola-Zaire.

You know, government is one of the most deadly, deadly pathogens in the world. So we've got to really, really, you know, cut that down and limit that, you know, however we can. So, so yeah, I was, I was afraid of the virus, but then I just pretty quickly adjusted my information once I saw that it just, it just isn't. And I don't mean to just, you know, downplay it because people have died. But it just wasn't anywhere near as deadly as we originally thought. And it's interesting, again, in the context of the fourth turning that you bring up, they make very clear that the, so in the fourth turning, there's always a crisis that that causes, that basically there's a huge response to it. And that basically rolls over society to some new paradigm where everybody, basically, basically, reset society and we kind of start a new hopefully in a positive light and and initially um a lot of

people thought well COVID is going to be our our catalyst our crisis I don't I don't think that's the crisis I think as you kind of alluded to it's the response to COVID that exacerbated the true crisis which is in my opinion monetary in nature and we're starting to see that shit hit the fan, right? We're seeing record inflation, which, you know, how do you, how do you stop that without imploding the global financial system? And so, like, it's, and we've still got some runway, right? Like, this is not even that bad yet.

The fourth turning is interesting. There's another thing that they, they, I think they got a little optimistic towards the end. And because of their optimism, they missed some. calls, right? So they like one of the things in reading it near the end, they're like, oh, in the fourth turning, if, you know, if we want things to turn out good, then you're going to see people that are, are starting to, and it's like the generation, like I guess my kind of millennial generation would be pushing for greater morals. That's just, that's just definitely not what we've seen. but I do see

inklings of that in the Bitcoinser community, right? I see Bitcoiner is kind of kind of pushing towards a more just and moral society. So maybe that's just the beginnings of it. Maybe I was too early in my assumption of how people would respond

and maybe they were just a little bit early in their assumptions of when things would happen because if we saw over the coming, you know, decade, a major push to the reinstitution of like a moral framework of how society works, just in general of like what people are kind of okay with and support, not necessarily through enforcement,

but just a general like, are we going to be happy with this type of behavior or in general say, that's not so great? I'm starting to see inklings of that. So my initial read was that it was a miss, but that may not be the case in, in through the end of the 2020s. So I don't know. Like maybe I'll jump to to guy here. What do you think about how this fourth turning, again, assuming that the thesis of the fourth turning is correct? How do you see this playing out?

Like what how do you see people responding to it? Do you think that it is indeed a monetary. crisis that will be the crisis of the fourth turning you know it's funny if you look back in history um the narrative the story that you're usually told is kind of of the the consequences of it you know the world war or the um usually a war um you know whatever the whole like set of historical crises that are marked as the major turning points in history um but if you actually kind of dig down almost all financial. Like the actual context of the war of the crisis was the inability to actually have the capital necessary to solve these problems. I think you saw this in the Soviet Union.

This is what Ayn Rand did really well in her book was just kind of illustrate how the lack of autonomy of the individual just led to people making poor decisions and always just wanting to push the responsibility up the ladder and not being able to do anything without explicit permission and how it just lets everything go to shit because she just she lived through that she watched these disasters play out because everybody was just like I don't know what to do it's not this isn't my responsibility and it was like this contagion of like mental patheticism that just infiltrated everyone and if there's a better way to describe today that's It's, I don't know it off the top of my head because that feels like where we are.

And that's just kind of, that's the end game of, I mean, we're literally, I mean, look at the problems that we're dealing with. Look at the billions of people suffering. Look at the lockdowns. Look at the destruction that has happened to the economy. And a huge portion of our population literally thinks that the biggest problem we have. is a grammar problem. That we should figure out what are the proper pronouns to call each other? Because everybody's going to commit suicide if you're not called the right one.

It's, that's fucking retarded. I'm sorry. It's just absolutely, it is idiocy. And when we're talking about moving through a fourth turning here, I think the crazy thing is that in the next 10 years, so Why Mar Republic is a great example, because when you look at the price of gold, gold.

Very few people, everybody talks about like what the Wimar, the mark did, right? But when you read, when you kind of go through the history, was it, when money dies? Is that the one?

Actually, we were just talking about that, right? Yeah, yeah, yeah. Right there. Good book. And I listened and or read like two or three books on the same topic, so I couldn't remember which one. But that gold, the price of gold, went psychotic.

started to go through these crazy swings where it would it would swing way up when the why mark would go through a period of inflation and then it would absolutely crash and it would be one of those situations where like as soon as there's a lot of movement it's like a rubber band right is that everything everything gets a bigger space of being overbought and oversold when your measurement when the very metric you're using to determine how much value it's worth is fluctuating is that all of your metrics are off and the only yeah thank you that that graph um let me i mean you look at that it like like what is that one two three four five maybe six times someone would said gold is dead you know like that the the the the shit has hit the fan

gold is worthless and and it obviously gets increasingly worse and what we're looking at right now in the economy is we're getting shorter and shorter debt cycles Fiat is dying. Fiat is dying right now. And that's what we're watching. The entire Western world is experiencing 8 to 10% government measured inflation, probably 10 to 20% real inflation.

All the modern economies are experiencing that. And look at what's happening to everything that's less than the modern economy. Look at all the other, look at all the second and third world countries and what they're dealing with. Money is falling apart as a system. It was broken, and we've basically pushed it to its ends.

And now we're in this situation where the two largest central banks in the world, the ECB and the Federal Reserve, are stuck in a place where they can make two decisions. They can send us into hyperinflation, where they can send us into a depression. That's not a good decision to have to make. I mean, it's their fault. They're the ones who led us here for their own profit. and their own benefit and their own power during this whole thing. So, you know, I hope that I can't wait until they die. It'll be great.

But when you experience that amount of monetary turmoil and the political turmoil and the war that will inevitably, that has arisen from this, the crazy government responses and attempts to grasp onto their power, and their narrative is falling apart. As crazy as a lot of the people seem, what's funny is that the reason a lot of people seem crazy is because there are a lot of people who see it as crazy. That's actually a good sign.

It's when nobody notices the crazy that things are really bad. When the crazy is being openly talked about and challenged and ratioed, you're actually in a pretty decent spot. It feels nuts, but your trend is in your direction. And I think that's where we are in this whole mess right now. Something, there is this corner that is building its way out of it. Like, I think, I think the pieces of the solution exist. Bitcoin is going to, is going to benefit greatly from the monetary chaos.

It will be, I mean, it will be, it will be crazy. It will be like gold. It'll be like Bitcoin has been in the past. It'll 10x and 80% down, you know, whatever. Like, I don't think that's, I don't think that's done for any of the foreseeable future. Bitcoin is still Bitcoin. But, ooh, if you've got a little bit of conviction and you can stand back and look at the big picture, there are opportunities.

There's a new world being built. Yeah. I think you're right, especially in the context of, of people are starting to clue in. Like, even, you know, when you have the, the U.S. press secretary going out and seeing things like, oh, the economy is like better than it's been historically. And like the lived experience of individual people. And they're like, how could that possibly be a thing that came from the press secretary of the United States of America?

The people start to clue into that. Gas lighting is unfathomable. So crazy, isn't it? It's unbelievable. And it's and people definitely aren't buying it. Right? Like even, and you're starting. to see the intense pushback because you're starting to get even networks like CNN starting to run

pieces where they start to question like, you know, the Democrats are probably going to get trounced in the midterms. The, is Biden fit to serve beyond 2024? And then the pushback from the people that are so indoctrinated that they must stay with that that. That. narrative is like there there was I went through a list of tweets this week when I think it was Don Lemon on CNN with like asked a legitimate question hey you know is is is Joe Biden both physically and mentally uh I can't remember the the word that he used but basically fit to serve beyond 2024 and he asked that of the press secretary and and the the like the Twitter hate like first of all there's a bunch of people being like i mean that was a pretty legit question and then

there's like the far polar opposite where it's like oh well clearly cnn is with its right wing bias is like right wing bias for cnn oh my god who are these people and so it's it's it's clear that there's a divide obviously but there's also more and more people being starting to be like people keep telling me things are fine, but they're really not fine for me. And there's something amiss here. People are waking up for sure. Yeah.

Yeah. I think it's clear. I just before I'm going to get lens thoughts on this, but I just got to give a shout out because we have, I have to give some context to this. So there is a legendary individual, a huge fan of the show for a long time he showed up. every Friday without fail, sometimes hours in advance to view this show.

He hates Bitcoin, but he's here every Friday. He comes and he makes sure to let everybody know his thoughts on everything. Thoughts like these, money will never die. Thank you, David. I appreciate your input. I'm so glad to see you back. I had preemptively made this graphic for you. Unfortunately, we went missing for about a month there,

but I'm glad to have David Wong, number one fan, back on the show. Thank you for being here, man. I love you. I really appreciate all of your support. And he wants everybody to know that Bitcoin may never reattain all-time highs. So thank you for your input. appreciate you being here and keep coming back, man.

I love you. But with that, I'm going to toss it to Len. Len, any thoughts on what has been said here so far? Yeah, so I just want to say leading up to 1971, it was the only way to deal with anything, a war or anything. You had to fund it. You had to use bonds. You had to do taxation, something like that.

But then there was a technical default in 1971. And since then, any time that they want to do something, well, they just basically tacked on debt. and here we go. We'll just let future generations deal with it. And if you look at what happened, I mean, even up to what in 19771 till now, or even before that,

but North America, we have two Canucks here and two Americans. North America, we were in such a wonderful spot. Geographically, we were protected from war, for the most part. We had lots of natural resources, very educated people,

people wanting to move here from all parts of the world. We were in such a great spot. they screwed it up royally. They absolutely screwed it up. These are the people we don't need to be dealing with financial policy. And essentially at a whim, one person or a few people, debasing our time effort, everything just gone just because they decide, oh, you know what, we're going to do something. We're going to fund our pet project and future generations will deal with it.

No, that's not the way things should work. You should be dealing with what you have. That's why I like Bitcoin. It cannot be corrupted. It's essentially code. And you know what's going to be issued today. You know what's going to be issued tomorrow. You know what's going to be issued next year.

There's only a finance supply that's going to be issued in totality. That is a wonderful way to do business. You have a constraint. You try to work within it. If you can't, get the heck out. Let's get somebody else that could do with it. This whole Fiat thing, it is done. It's what's happened in the past since 2008.

It's accelerated the death of Fiat. It was eventually going to get there. But since 2008 and more so. since 2020, this thing is ramped up. And what are they showing us? Bread and Circuses. They're trying to divert our attention from a way what truly is problematic. Guy, you hit it right on the head.

8% official inflation. In reality, it's 10 to 20%. And they're trying to show us crap that they're trying to hide the fact that the true inflation is much, much higher. Get out of here, man. It doesn't make sense. Eventually this is going to end. And we've got to just get out with the old and in with the new.

It's got to be Bitcoin. What was the, so the bailouts in 2008, 2009, do you recall what they were to the tune of versus, like, in the context of things accelerating, like the bailouts then versus the bailouts that we saw through COVID? First one was $800 billion, wasn't it? Yeah, it was $800 billion and now we're looking at like $9 trillion. And I, you know, I remember when $800 billion was real money. I mean, the thing is, people don't realize how much $800 billion is.

I mean, it is a stunning, stunning amount of money, you know. And now they far, far surpassed that. I've said it before in this show. A million seconds ago was around 10 days ago. A billion seconds ago was about 30 days ago. A trillion seconds ago is tens of thousands of years ago. It goes to show you trillion is an astronomical number. And we lost perspective on what it is.

The U.S. national debt sits, I think now the debt clock sits around $30 trillion. They keep pushing up the ceiling of the debt limit. Now it's sitting at $31 trillion. and we're going to hit it next year. And they'll just add out another couple of trillion once we get there. What the heck? This is unsustainable. And that was right interest rates.

You can't sustain it. And people that are carrying debt more so now than ever before, they're screwed. And we all are collectively screwed because they're going to bail everybody out. And we are screwed. That's like I got to. And Len will be familiar with this, but I got to tell Bruce and Guy about this. So we had a group of people and they drove around a national debt clock across Canada back and forth like showing the national debt well oh and don't mind me i'm still here my battery just died on

my camera uh but so they would drive the debt clock back and forth across the nation like as it ticked upwards and uh and as of i think it must have been like 2020 or something like that uh or 2021 at some point in the past two years uh it broke and it broke because they ran out of digits and so they had to get a new truck to redo the giant sign because it was a ticker with individual digits. And I mean, that was the greatest advertisement they could have gotten to get more attention on it.

But yeah, they had to replace the giant billboard on the back of the truck because there weren't enough digits. Amazing. hilarious. Amazing. Well, I mean, in the States, you guys are going to have to swap out all of your gas signs pretty soon. Because, you know, it's 10 bucks.

You're right. Oh shit, I didn't even think about that. Yeah. Well, we already had to do that in Canada earlier because we're price per leader. And so historically, like I remember growing up as a kid and seeing it. I got to buy stock and sign company. Yeah. But I remember historically seeing it at like 40 cents a liter at like its lowest and my parents could like basically fill the tank with 20 Canadian dollars, which is like a nickel U.S. or whatever.

but now it's it's pushing two dollars but we saw the moment when all the gas stations were like oh shit we don't have enough digits because they would it would be like 99 point something or sorry it would be like 40 point whatever per leader and then when we hit the dollar mark which was in and around the financial crisis in 2008 when we went well above a dollar that everybody's like oh man we got to replace all of the signs at gas stations so you guys are going to get that pretty soon you're going to wait here's the question here's the question is can they move the decimal well that's the thing because they they they the decimal because they they did fractions of a penny because it's per leader yeah right and so we just start talking in dimes yeah yeah times yeah

and then get a little fraction of a penny we can buy ourselves at least a year with that with one extra day and Canada has already done that in terms of our physical currency, we've already been through, we had the penny, we got rid of the penny, right? Because it was a useless economic measurement because nothing was priced in pennies and rounding to a nickel did not matter. And so we're going to see more and more of this round. Do we need a nickel anymore? Like it's, it's, they're phasing out the low.

And it's the exact opposite for Bitcoin. You see who, who at this point, it's, it's even in the midst. of a bear market, most people are not going to be dealing in full Bitcoin, like regular day-to-day people, you're going to be dealing in Sats. And Bitcoin was designed around this concept of the lower the lower denominations are going to be more useful over time. And so this shift to Sats versus this getting rid of our pennies is is so indicative of the direction in which we're going. It's so fascinating to watch happen in real time. So I'm going to, by the way, does anybody have any final thoughts on this whole fourth turning topic and kind of where we're going?

Good. All right, cool. Let's do a little rotation here then. We're going to, and again, everybody in the chat, thank you for being here. I'm going to start pulling up a few more comments in the last segment here. But I'm going to toss it to Guy Swan, your final reason for the day. Guy, what has you bullish this week? What are you excited about?

So my original thing was kind of fourth turning-esque, so I'll skip over that. What are the odds of that? One person has the book. We're definitely a crew of geeks. We are, we are. It's the problem. We're probably, my friend.

But the other would definitely be second in line would be the fact that I think we're entering the second stage, the second chapter of Bitcoin, so to speak, is we're moving from Bitcoin establishing, establishing Bitcoin the asset to establishing Bitcoin the network stack or the protocol stack.

And with Bitcoin and Lightning together, like right now, right now as we chat here, Bitcoin is being plugged into point of sales systems in the majority of brick and mortar stores in the U.S. That Bitcoin is being designed right now and not only is there already strike, but there are multiple systems, and NIDIG has partnered, I think, with almost 300 banks now,

to basically plug into the Bitcoin and Lightning Network to settle dollar transactions globally, by using lightning network payments. Exactly what strike is doing essentially, except that this would actually be built into the infrastructure, the banking system. I said in, I had a talk at the Bitcoin Day conference in Charlotte,

and they did not have a podium. So I ended up just blabbing about this for like 40 minutes because my notes were too small, so I couldn't use the speech that I had planned. And, but one of the things that I had been thinking about, was that, you know, when the dot-com bubble blew up, there was, it was this shift when people realized that the internet wasn't going anywhere. There were a lot of people who thought, like, you know, its promise was oversold, like all of this stuff. And everybody was like, ah, it's no longer the thing because, you know, people, you know, somebody bought pets.com for $100 million.

There's no company, you know, like everybody thought that like the gig was kind of up. but they all knew that Bitcoin, that the internet was here to stay, that there was something here. It had kind of reached that phase where the internet was a permanent thing. And most people don't know, but there was actually an infrastructure boom that continued for a year and a half, almost two years. It continued into 2001. And wild retail was convinced that like, oh, the internet thing had passed. the infrastructure was expanding such that it was the most exciting infrastructure

to invest in, period. They knew the gig was not up. That's where I think we are in Bitcoin right now. I think we just broke into the 2000s when we're comparing it to the internet. Bitcoin is about to become the medium of exchange network that's standardized and that's open to the entire globe. All those banking systems and all the smaller country,

that do not have a standardized interoperable banking system that have written their own code and their own system and has never been plugged into Swift, they're going to show up for the first time on the global stage because they use Bitcoin and Lightning. Bitcoin is about to, with Tara, with Lightning Network, with synonym, with TBD, I think in the next year to two years,

I think in the next year we'll probably see a lot of the beta version of these things, the alpha and beta versions, of what will basically make 80% of the crypto space redundant. Make it clear that they never needed a token and that all you need to build a

decentralized social network is to have a decentralized way to sustain the infrastructure, to sustain the servers, which just means you need a payment system, which means you need lightning. And with all of that together, I think the next two

years are going to be the most exciting regarding what is being built in Bitcoin. And we're going to the next, I don't think this, I think we've kind of lost the connection between the hype cycles and the having cycle. You know, when you go from 1.5% inflation to 0.8% inflation or new supply, it's not really a big hit to the market. That doesn't like, that's not a massive change to the supply. You go to 50 Bitcoin to 20%. 25 Bitcoin, that makes way more sense that the cycles are stuck to the supply side of the equation. The supply side is much less a part of this right now. I think it matters much less than it did in the previous halings.

I think, I kind of think this is going to be short-lived. I'm not betting on the fact, like I'm not just stacks. I'm just stacking, you know, like I always do. So this is not a price prediction. but in the sense of what's happening in the infrastructure, I don't think any of that stuff's going to slow down. I think Fiat is going to reach its the end of long distance fees stage

that the internet did to the phone and communications networks. And suddenly dollars are going to move around the world. Rubles are going to move around the world. Yuan are going to move around the world. Frictionless and instantly and for almost no cost and nobody's really going to know what the hell happened. It's just going to start working better. And it's because all of that liquidity is on the Bitcoin network.

All of that liquidity is in lightning channels. And that is going to make the next run when we find a level, when the weak hands leave and the Bitcoiners build and there's a native social network protocol. And we start moving into the next phase of this thing. I think the next bull runs are going to be fucking crazy. Yeah, I'd echo that. And it's interesting I was reading about there's a thread earlier this week.

I can't remember who buy it. But again, kind of outlining the benefits of taro to people in various countries around the world and how people that are in, whether it be like dollarized nations where they don't have access to banking, so on so forth, or perhaps they have a local currency, but still banking is difficult. you can't interact economically with people outside of your region. Well, I mean, you can simply have a tarot-enabled lightning wallet, and you can either as an individual receiving funds, you can receive, quote-unquote, dollars, or whatever your local currency is.

You can basically receive a fiat currency and not have the send or know whether you're receiving directly in Bitcoin or whether you're receiving fiat. And all of this, by the way, with sats as like the backing to it, like you're receiving sats, but then when it lands, it ends up being, okay, well, this is, it converts to your local currency or whatever you need. And same on the way out. You could have a dollar balance and be paying somebody and you're paying somebody and you don't know whether they're going to be receiving dollars or sats or whatever it may be, but you're able to just seamlessly interact. I find that very interesting.

And Guy, I really like what you said in regards to. It's going to take like 80% of the stuff that's out there right now. Oh, hey, we don't actually need some of these things. We don't need a token for this and that and the other thing. And all of these things are possible. And the reason I bring this up, and I think I just swap to another, but nonetheless, I'll keep talking. One of the interesting things here is that there was a segment the other day and somebody

clipped it up, put it on Twitter, but it was effectively that it was it was Mark Andreessen. It was in an interview and somebody asked him to basically pitch him a Web 3 use case. He was talking about podcasts. He's talking about podcasts and receiving micro payments and trying to pitch Web 3 for that purpose. And the guy was like, well, what do you need? like a Web 3 token for that,

and he found it difficult to articulate what he was trying to say. And I was watching the thing, screaming at the screen saying, I'm already doing this without Web3 tokens. And so I just wanted to really quickly show this is my lightning note. And these are individual transactions

by the minute of, you know, whatever number of SATs, 119 sats in this instance, like by the minute coming into my lightning node, here's a slew of them for 24 or 23 sats, whatever it may be. And it just kind of keeps going,

107 sats, 99 sats. You know what these are? These are individual people listening to my podcast, paying per minute directly to my lightning note. It's great. And this is like my, it's that thing right there on the shelf behind me is the infrastructure.

necessary for this to happen. So I was able to take my own Bitcoin, take it's a Raspberry Pi computer in a case, plug it in. I have a full Bitcoin node, which gives me basically all of the information of every Bitcoin transaction that has ever taken place as well as the rules that govern the network. On top of that, there's a stack of my lightning note. And with that, I've taken my own Bitcoin and established liquidity to people around the globe, around the globe that effectively, like, so we can send and receive payments. And I've used different things. I like that guys in this car right now.

I'll keep going. So I've established my own liquidity. So I've gotten inbound channels and outbound channels and all these different things. And I'm able to receive individual minute-by-minute. transactions is people listen to what will be literally this. There will be people listening to this right now paying per minute direct to my lightning node. I can get an app.

So I did a full tutorial on Zeus. Zeus can connect to my own to that box right there. And I remember doing a video, a tutorial on Zeus, this app that was connected to my lightning node back in Canada. when I was in Greece last summer and I was receiving payments from I don't know where in the world of somebody listening minute to minute

relaying those payments to my node in Canada instantly accessible from an app on my phone in Greece and I was able to make purchases and spend that Bitcoin freely on the other side of the globe from my node and probably from the person making the payment. And that's massive. And we don't need another token for that.

It's possible right now because it's happening right now. I just showed you the live feed of streaming payments for fractions of a penny coming into my note. It's astounding. And I can't wait for that infrastructure to be thrust in front of people's eyes. And people go, oh, my God, I didn't know that was possible. And it's already happening. So again, I love this topic. Maybe I'll toss it to, I'll toss it to land first and then we'll go to Bruce.

Len, any thoughts on Guy's topic, on Lightning in general, on the infrastructure being built in the midst of the bear? Isn't podcasting 2.0 wonderful? It just shows you that the whole system works perfectly without a shik coin. It just works well on a layer two system. And if you look at the amount of Bitcoin that has been allocated on Lightning, it is still an approximately record high. I think it's a little over 4,000. I think the numbers around there. Yeah, it's about to say it hit a record high not too long ago in Bitcoin terms.

Yeah. And it's still being added. And there's also a, there's a couple of different people trying to measure it. It's hard to. But I think Anthony Roaning is trying to get like the best estimate that he possibly can of how many private channels there are. Because there's a lot of private nodes and private channels. It's the last estimate I saw was up to a third. So if you've got 4,000 Bitcoin, if that estimate is accurate, it's actually like 50,000.

like maybe 5,200. Well, of course, it's not exactly Bitcoin amounts. It's nodes and channels. So that's even harder to say. But anyway, I was just saying there's a lot of the, a lot of the network is kind of dark. Guy, we've got some speculation as to what you're doing right now. Tornham says, is guy driving Uber?

And then every huddle. I'm stacking sense, baby. Every hoddle says it's a diaper run. Do you want to clarify? it is a diaper run plus it's always a diaper run a bag of diapers an hour is our rate right now and picking up some food before these sons of bitches closed because uh i thought i forgot how how easy it was to go bullish for an hour and a half or two hour guy that car's too new mine is from 2002 and i'm proud to continue driving it because i'm not going to get a new one

just stock sides along the way. But you do I feel you. I would have kept mine forever, but I had like a little bit of a messed up experience. And I was the other car was a literal, literal piece of shit. It was ancient. And my wife was pregnant. And we had all three of the dogs in the back and April. And I like my sister.

And we were like on the, a trip home or whatever and I got squeezed in by like a truck and a lot of cars and ended up just in like a really awful situation and I just kind of had this like moment I was like unfortunately high at the time but I had this like I had this moment where I was like this is everything that I love and care about in the world and this is in the biggest piece of shit car like I have put their lives in the hands of this thing and and I was like yep nope and It was like the next week we went out. I'm like, fucking, I'm getting debt, low interest debt while the interest rates are still manageable.

And we're getting a new car. So that's the only reason we have this thing. But you were correct. Isn't that funny? Regular people shame each other for not having a nice car. Bitcoin has shame each other for having a nice car. He's like, what are you doing with that nice guy? What are you doing?

What are you going to buy a new shoes for? I just go buy a car. And it was nice. I love. The status symbol in our community. and we all wear t-shirts. Oh, man. I was on our haircuts.

Free shirts for me always. I love yours, by the way, my favorite restaurant that I've never eaten at. Shout out to tahini's. Yeah, right? I know. Allie is legendary. I also in the context of Bitcoinsers being not spending their stack, I was on, I was on Simply Bitcoin the other day.

And Phil had just moved. But, you know, the meme of chairs are a scam. Anyways, he was sitting on a trash can during the show. It was, it was, it was perfect. I think it was fantastic. But yeah, I do love, I do love the meme of Bitcoins being just so tight with money. It's so, it's so fantastic. And such the antithesis of, of fiat culture.

And guys struggle between like building, family and making sure that they're comfortable and spending money is is such a beautiful like painting of that you know as long as you're you're doing right by your family you know like those expenditures i i think are are worth it so i think you're okay man you get in your family safely from a to be it's okay i as a bit coiner i i do bless that transaction as as a as a good one but Bruce, I'm going to toss it to you. Thoughts on guys' topic on lightning on things being built during the bear. What are your feelings?

Well, I love it. I mean, it's so exciting to see the building on lightning. I mean, it's just really cool. And you illustrated it perfectly. You know, you don't need a lot of these other coins for this kind of stuff. You know, just the foundation of Bitcoin is so strong. And it's so, I think it's the ultimate cypherpunk project. And I, you know, these ideals of decentralization and not having anybody in

in charge. I mean, there's so many revolutionary things about Bitcoin that just change everything in how our world works. So it's inevitable that it's going to replace money and then a lot of things that go with money, like Swift. Swift is not

exactly money. It's just a clunky, stupid thing that they didn't have anything better to do to move money around. And it's gone. I mean, it's toast. It's toast. I knew that before the Lightning Network, before it was even invented. It was just as clear as day that, you know, there's just no way.

And there's a lot of things like that in our world that it's just inevitable to be replaced. So I think it's just a super exciting time to be alive and it's really cool to be in this space. Yeah. Yeah, it's staggering some of the things that have been done. And the bear markets are when the greatest innovation comes, right? Like you everybody's asleep. The people that were outside of the space have no idea what's going on. As Bitcoiners, you get to be around, experience it, see it happening, see the world at large, not have a clue what's going on.

And then the next bull run comes, the next hype cycle comes. And everybody's like, the new narrative is like, oh, this is here. This works. And so it was interesting this time around because like 2017, the number one concern was scaling. And it was funny because there was still remnants of that this bull run. There's still like the remnants of people being like, oh, well, Bitcoin can't scale. And you're like, dude, I'm receiving micro transactions for my podcast. What are you talking about?

And so like it's it's going to take time to shift. I have no doubt that next bull run, if somebody says something like Bitcoin doesn't scale, people will laugh them out of the room because it will be just so blatantly obvious. I think the next turnaround is going to be Bitcoin privacy. And I'm very excited on that front in that. in 2017, when it hit a fever pitch, especially early 2017, we had no scaling on Bitcoin. There was nothing on chain to make things more efficient. There was no layer two to make things more efficient.

Fast forward five years. We've got Segwit on chain. We've got Taproot on chain. And we've got the Lightning Network, which potentially scales some millions of transactions per second. And that just wasn't even possible at that point in time. and we had no tools from then compared to now. Compare that to privacy.

Privacy, I think, is front of mind for a lot of people. A lot of people are worried that Bitcoin privacy is very bad. And on chain, more or less, it kind of is. But we do have privacy related tools for Bitcoin. A large plethora of them actually right now. And if that's front of mind, think of the progress that will be made in the subsequent three, four, five years. will be an entirely different place in that period of time.

And you'll still have remnants of people being like, you can't be private on Bitcoin. But they'll be still moderately mistaken at that point. And then moving forward, they'll be laughably mistaken. So I think it's just whatever the concern is, it ends up being built in some way, shape, or form. And we're already seeing it. And I think moving forward,

Bitcoin's going to make leaps and bounds in the privacy realm during this bear market. that's my hope and I hope to see it materialize and I think it is it's already there and we're already in a better place versus scaling than we were in 2017 so we'll see how that progresses but I'll open it up to everybody I think what I'll start to do is I'm going to start to round it out but on that topic if you have any final thoughts or any final thoughts on anything that was mentioned throughout the show. And then I'm also going to give you a challenge as well. We mentioned some resources.

So I'm going to throw them out right now. You can't double dip, my friends. But if you want to recommend a resource that has been helpful in your Bitcoin journey, whether it be a book, an article, a podcast, a video, anything, whatever it may be, the ones that were mentioned were the fourth turning from Bruce when money dies

both of these definitely worth reading I have another recommendation I'm not going to mention it till the end because I don't want to screw over too many people on their recommendations if it doesn't get brought up, we'll bring it up again but the fourth turning by William Strauss and Neil Howe

and when money dies by Adam Ferguson the first of the fourth turning is in regards to kind of the cyclical nature of humanity, how we respond to stimuli and crises and so and so forth, and how we shape our society. When money dies, basically goes through the conditions that led to and the results of the hyperinflation in Weimar, Germany in the 1920s, I believe. And then, which more or less resulted in the Second World War by the end of all of that.

So, or at least in part. So I'm going to jump to Len first. Dude, any final thoughts on anything mentioned throughout the episode and any recommendations for content? So for final thoughts, I'll say that there's one metric you could use to see how much we have gained in terms of steam is now Bitcoin is political. Four years ago in 2017, it really was not talked about by political people. But now you have people running for Senate that are talking about it. You have people that are currently in Senate that are talking about it. So that goes to show you just how far we have come.

It's now on the radar for a lot of these people. And there's a run. We also have people running for prime minister of Canada that are talking about it. I don't have that picture here. But in terms of resources, and I'm not going to blow Guy here, but I've listened to him so many times. and the theme song from his show is ingrained in my head. So I would always recommend listen to his stuff

because his voice is so soothing and I love listening to him read articles, but also Safedine. I like listening. You're welcome, Lynn. You're welcome. You made my day. And Safedane, like those two listen to those two podcasts.

They're golden and you'll be listening and learning so much as a result. So that's my recommendations. Absolutely. I'll echo that. Cool. Let's toss it to Guy. Hopefully I'm not catching you in the middle of like trying to figure out your shit. But any final thoughts that you have and recommendations?

Yeah, recommendations. Two things that I've read recently that I've just like really loved. One of them I actually read ages ago, but I have recently dug back into it and really enjoyed it the second time too, was how the internet happened. from Netscape to the iPhone. And I just think there's massive parallels to be drawn and lessons to be learned from how the internet was created. And even like, it's so funny too is like there's engineering lessons.

You know, like the internet was the very concept of a communications protocol that was open, like the idea of TCIP was in creating a system, was creating a reliable, network and reliable system of connections built out of unreliable devices. And it was a complete rethinking in what a communication network was. Like people really, you know, you take the internet for granted these days, but it was so unbelievably revolutionary just in how to conceptualize how you could build a network. And what's funny is that like Bitcoin as a monetary system is a way to create monetary trust out of untrustworthy devices. It's that same, it's that same,

and, you know, hinging on the same model of, you know, building a reliable network out of unreliable devices. It's extending that into this new sphere. And I think the breakthrough as a consensus mechanism is still just so unappreciated. Like, like this is a fundamental shift in how we organize people as a society and you look at what networks have done to us. Like, everything is changing. And it's because, it's because of social media. It's because of the internet. It's because of the way that we interact.

The environment has changed. And because of our technology and because of our communications networks, everything that we see and everything that we, all the narratives that we have about the world do not sustain anymore. You know, it's like trying to sustain the prices of physical. media in the digital realm. What happened? The whole thing just collapsed. They could they could fight. They could sue people. They could pretend Bitcoin didn't exist. I mean, excuse me, BitTorrents didn't exist for as long as they possibly could, but it didn't matter. The change happened because our

environment change because our technology just made reality not what reality had been before. And I think that's where we are with Bitcoin. And we're fundamentally creating a network of trust on top of a reliable decentralized network of communication. And we just don't, fuck, fuck. Just the next 10 to 20 years are going to be bat-shit crazy. And I think digging into any of the lessons of history, particularly since the internet's the only damn analogous thing that we really have. It's kind of a stroke of luck that we have one so close by that can teach us a little bit

about it and the history of BitTorrent. Simon Morris has a great series on lessons from BitTorrent. It's four-part series and it's phenomenal. And how the internet happened. And then another great one is for fun and for profit, which is about the history and kind of the incentives of open source code and networks and kind of what that really looks like and what the reality of those things. are this there's so much gold they're just straight fucking gold and all of that i love it man you always have great closing remarks uh and and also i got to reiterate this every time you're on the show the most frequented why are we bullish guest still still holds the crown i don't know how many times it is but nobody holds a candle so like six i've been here six down i don't even yeah

yeah so keep it coming uh bruce you're up but before you're up uh we have multiple not only in the private chat backstage, but Yellow would like to see the Captain America Shield. Yes, please. All right. I grabbed, I got two of them if you notice, but this one's my favorite. So you got the one right there, which is the red, white, and blue classic one. But this one is my favorite, because this is the one from Winter Soldier. And in Winter Soldier, he fights the government. And you can still be a patriot and fight the government. And my recommendation, would be safety and also.

The only real patriots are the ones who do fight the government. Sorry. Exactly. Exactly. That's what you're doing. And I'm going to go with safety and also, especially the book Fiat standard and especially my favorite chapter in there about Fiat food because that shows that this is pervasive evil that affects everything.

People are literally obese because of Fiat. And that's sort of the least of the problem. People are actually dying from Fiat. So you can, you can. you can be a patriot and still fight for what's right by fighting against the government and against tyranny. This is my own method by running for office. And we can all do our part because this stuff, it's actually evil. I mean, it's not just bad economics that causes people to lose money.

It causes record number of people to be put in for-profit prisons. It causes death all over the world and destruction and drone bombings and everything else. It's terrible and it's evil. and its day has come. We have a better system now. We all know about it. We're at the front edge of this new system. Something new has been invented.

You know, Bitcoin isn't just a cool do-hicky. It's a new invention that does things that were never possible before. And that's a really big deal. We've made better money. And that better money is good money. It's sound money. And it's not evil. And the current system that we have is actually evil and terrible.

So, you know, let's all fight. for let's all fight for sound money and sound economic policies. It sounds crazy and geeky, but I don't think there's anything, even running for office. There's nothing I can do running for office that's as important as adopting Bitcoin. Because if we adopt Bitcoin, we can starve the beast and we can stop this evil at its source, and we can have a better and freer world for everybody. And that's an amazing thing that we should all be proud to be a part of, because I think that we'll be able to look at our grandchildren and know that we were part of this

incredible revolution that brings peace and hopefully, separates money in state and has a peaceful system of money going forward that gets rid of the evil and furthers good in our world, what more could we ask for? I echo that and I think we're in the midst of that transition. It'll be a bumpy ride in between. There's not, you know, it's not going to, it was never going to be easy. And we're going to see some of that in the coming years. But I think people that are cluing in now, people that clue in in the years to come. And even the people that clue in late will still be better off because of this system if we can manage to ensure that it takes hold and that people begin to understand

what it can offer them. Bruce, do you have any recommendations for content that you'd like people to check out? My content or other people's content? Whichever you prefer. Well, so on my website, Bruce Fenton.com, is good. And that's my Twitter handle as well for everything. And especially if you're in New Hampshire, you know, definitely reach out because I'm running for office here. And then, you know, other people like I mentioned, you know, safety. And there's a lot of great podcasts and everything else out there. It's such a, there's such a wealth of information.

It's really wonderful now. You know, you can go and find out just about anything about this topic. So, you know, there's a lot of great voices out there as well. Awesome. And apparently, if you were in show. Chicago. Dale Dog would vote for you twice. Thank you.

I think that's election fraud. Awesome. Well, gentlemen, I really appreciate your time. I'm so thankful that you could all make it here and be a part of this Friday. I know that everybody here is busy and has families and has lots of stuff to do. And so I'm always super thankful that on my Fridays, I get to hang out with incredible bit corners. So thank you all.

I appreciate your time. and have a fantastic weekend and a fantastic father's day because all of us here are fathers. So cheers to you gentlemen. Bye, Bitcoin. Good to you. Thanks so much. It's fun. All right.

See you guys later. Thank you very much. Talk to guys. All right. Awesome. And everybody watching, thank you so much for being a part of the show. Thank you so much for watching. Friday, always the best part of my week.

I get to just chill with awesome bitquins. And I hope you enjoy the show. Let me know. In the comments down below, whether it be the chat or whether it be actually in the comments on YouTube, super valuable to hear what you guys think about the guests and the topics and your takes on the topics that we discuss. I love seeing it and hearing it from you guys. Of course, if you haven't already, please do like, subscribe, share, all those things. Super important.

They really do help get the show in front of more people. Those of you that have been liking and sharing and stuff, I super appreciate that. it again, I can't stress enough. It helps a lot. And of course, if you want to help the show in another way, you can hit the previously mentioned sponsors in the show notes down below. That was Shake Pay, Leaden, Bit Refill, Keystone, Bill Fottle. And if you really liked what you saw, you can always drop me a Bitcoin tip at my strike page.

The strike.b slash strike.b, sorry, strike. dot me slash BTC sessions. Head there, you type in any amount you like, you hit the tip button, you'll be greeted with a lightning invoice, or if you prefer it, tap to the right, and you'll see a regular Bitcoin QR code. With that, I'm out.

Have yourselves a wonderful weekend, and I'll see you guys next time for your daily session.