BTC Sessions - WHY ARE WE BULLISH? Deniz Saat, Pastorcoin, Bitcoin Gandalf, Bitcoin Lake
Episode Date: May 14, 2022FOLLOW TODAY’S PANELISTS: https://twitter.com/pastorcoin https://twitter.com/LakeBitcoin https://twitter.com/BTCGandalf https://twitter.com/DenizSaaat 💪 SUPPORT THE SHOW: Shakepay is the easiest ...way to buy Bitcoin in Canada Sign up now and get $30 free after your first $100 purchase! https://shakepay.me/r/BTCSESSIONS LEDN Bitcoin backed loans – get $10 free with a savings balance of $75 or more for 15 consecutive days! https://start.ledn.io/btcsessions Keystone Wallet: secure your Bitcoin! http://bit.ly/KeyStoneSessions BillFodl: get your wallet backups in solid steel. https://privacypros.io/btcsessions Bitrefill: use Bitcoin to purchase gift cards, earn sats back while you shop. https://www.bitrefill.com/buy/?code=O04UMic9 BITCOIN tips: https://strike.me/btcsessions
Transcript
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What is going on, everybody. Welcome to the show, another Friday, another episode of Why Are We Bullish?
Got a hell of a panel today. In fact, we've got some, we've got perhaps in combination with everybody on every screen, one of the larger panels that I've had in a while, maybe since Christmas.
So, yeah, we've got a ton of great guests. We're going to be chatting about a lot of different topics.
Very excited. There's a lot to talk about. A lot's been going on this week. And I'm sure we're going to
run the gamut. Of course, this is live. Anything can happen. Plug yours. But I do defer to my friend
Bill here. We'll do it live. We'll do it live. Do it live. I can, I'll write it and we'll do it
live. Thing sucks. As always, please do like, subscribe, share. All those things super important.
They do help the show. And I am Ben with the BTC sessions. This is your daily session.
Before we bring in our guests, we're going to take a look, maybe not a look, because again, Stream Yard giving me issues with sharing my screen.
But in the market right now, we're sitting just north of $30,000 per coin.
A single U.S. dollar will pick you up 3,331 sats. 90.66% of all Bitcoin have been mined and fees.
Memple has been getting hammered lately.
Thanks, finance.
19 sats per byte for the next block, even if you're willing to wait an hour around 14 sats per byte.
So if you're looking to do some coin join, opening lightning channels and all that stuff,
maybe wait a little bit for that.
If you've already got your lightning channels all set, then no big deal.
You're set.
Shout out to sponsors of the show, shakebay.com.
If you're in Canada, easy way to stack sats, no deposit or withdrawal fees, thin spread, e-transfers,
and out super simple. And if you use the link down below, you will get after your first $100
where the Bitcoin purchase, you'll get $30 for free. Same deal for referring friends and family.
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leaden.com. You can use your Bitcoin for a ton of different services for myself. It tends to be
used the most when I'm in a when it's a cash flow issue and I may need dollars, but I don't want
to sell my Bitcoin. So I can deposit Bitcoin, get a loan of dollars. And when I pay those
back. I get back the same amount of sats. They of course have their savings accounts for
Bitcoin and USC. And then outside of that, they're starting to roll out Bitcoin back mortgages
starting in Ontario and then working their way across Canada and soon in some US states.
So if you want to check them out, leaden.com. I.O. They have information on all of that.
And there's actually a link down below where you can also get 10 bucks for free if you sign up
and utilize your account. So check them out down there. Bit refill that helps you live
on Bitcoin. I use this thing a ton gift cards for everything that your little heart desires and
you can pay with Bitcoin both on chain and lightning and you earn Sats back as you shop. So be sure to
check them out as well down below. Keystone, you guys know them. One of my favorite and most use
hardware wallets totally offline, totally air-gapped, meaning you never plug the thing into anything
internet connected. So I have a full tutorial on that and links for them down below. And finally,
of course backing up your hardware wallet.
Steel is a much better idea than paper.
So to get it in solid steel, you can check out PrivacyPros.io, and they have the bill
flottle.
And that's how I'm typically backing up all my important wallets.
But with that, enough my rambling.
We're going to get our panelists in here.
So we have Pastor Coin.
We have Dennis.
We have the team down at Bitcoin Lake.
And we have Bitcoin Gandalf.
Welcome, everybody.
Super happy to have you all here.
Let's get ourselves a round of intros.
So we'll just go down the line, just a quick, who are you and what do you do?
And then we'll start diving in.
So Pastor Kwon, I'm going to start with you.
Can you give a quick little who are you and what do you do?
Yeah, my name is Pastor Koyne.
Also, you could call me Bishop Koyne or his popeness, whatever you like.
I'm a church planter.
No, don't call me that.
Don't call me that.
I'm outside.
So if you see me swatting, it's the bees.
I'm a church plan.
What's that?
Yeah.
Yeah.
I'm a church planter in Canada, and I start churches.
I preach the Bible.
I tell people about Jesus, and I'm a bit coiner.
And so that sort of alienates me from some of my brethren in the faith, since there's a lot of Christian fud, which I've found that a lot of the Christian fud is like five years behind.
So I'm dealing with a lot of the old school stuff.
Like I get a lot of, we'll talk about it later.
So yeah, that's what I do.
I'm a pastor.
I'm a bitcoiner.
And I'm also starting a Bitcoin community in my city, which is sort of, I live in Windsor,
which is a very blue-collar city.
And we're already like sort of the plebs of Ontario.
And so my goal is I want to turn Windsor, Ontario into Plyb City, Canada.
And so we're starting a Bitcoin meetup this month on Bitcoin Pizza Day.
And I'm really excited about that.
So planting churches, starting Bitcoin meetups and trying to orange pill the bitcoins.
Or sorry, orange pill the Christians and Christ pill the bitcoinsers.
That's my mission.
Love it.
Well, welcome to the show, man.
First time here, fellow Canadian, glad to have you.
Let's jump down the line.
Dennis, let people know, who are you?
What do you do?
What's up, guys?
I don't know.
I don't know what I do anymore.
But yeah, it kind of started out with like 58K gang,
and it kind of just snowballed into me just doing other stuff within the Bitcoin space.
So mostly writing because I see a lot of, like, smaller companies just popping up here and there that don't have.
like I guess there's a bit of a demand for writing so it kind of just stuck with that
so now just editing for BTC times and doing stories here and there whenever I can
awesome I love it man and I will be very excited to see the return of 58 K gang
yeah I think everyone will be back and forth between it prior but now you know what
you you don't you you you don't miss your water
so the well runs dry.
And, you know, now I'm, I will be applauding the return of 58K gang.
It's inevitable.
You know, there'll be, people didn't know how good they had it.
Yeah, it's all about appreciation and 58K forever.
Awesome.
Gandalf, you're up.
Let people know who you are, what you do.
What's up, everyone?
It's a pleasure to be here.
Thanks for having me back, Ben.
Yeah, I'm a random dude that got a,
Twitter account last year and now I have two Bitcoin jobs and I spend all my time doing Bitcoin stuff.
So I help run BTC times. So Dennis and I work together.
Although I'm going to be leaving that probably at the end of this month to focus on learning to code
and getting more into the technical side of Bitcoin just because I feel like I've covered a lot of
like the financial side of it and I want to just get to know the protocol better from a technical level.
And then I also do social media marketing for brains and slush pool.
That's awesome, man.
Well, I am glad to have you back returning guests of the show.
And I'm sure we'll dive into even more of that soon.
And we're going to talk to our panel here.
Multiple people down at Bitcoin Lake headed up Dr. Patrick Meldr and company.
So maybe you guys want to give an intro,
who you guys are what you're doing yeah great thanks Ben yeah so we're heading up the project
bitcoin lake which is the the best bitcoin project no deference to bitcoin beach but we're building
the next best bitcoin circular economy down here in pan-hirtail Guatemala probably one of the most
beautiful spots in the world and we are just doing some fantastic work with education at a high school
down here. We are actually doing mining. We've actually plugged in miners down here. We just
brought the seat signers down here to educate them on seat signers. So shout out the seat signer
for allowing us to bring these down here. And we have about in the first three months of
official launch, we have probably 40 businesses right now in Panachel. And we just are concluding
a business development trip where I brought a bunch of folks down from the U.S.
to see and Guatemalans from Guatemala City to see what we're doing here.
And you can literally come here and spend Bitcoin.
We're still trying to close some of the loops like travel and stuff like that.
But if you want to come down here and live off of Bitcoin and do all the touristy things,
you can do it.
So we're excited about that.
And we're super excited about our Bitcoin mining project.
and that the master, Bill Whitaker and his crew are in charge of that.
So I'll let Bill kind of talk about why he's excited about that.
Bill Whitaker.
No, no, let's, yeah, give you, give yourself an intro.
But if you're going to be diving into your details, save that when you get to your reason.
But yeah, introduce yourselves too.
Yeah, so Bill's industry.
So it was really an sausage factory with that and learned a lot about money and finance.
the uh the the i'm kate mining and sustainable energy to uh be able to mine uh it's been really cool
learning down here and meeting different kinds of people in the bitcoin community so excited to
continue to learn yeah i'm madiket um my friend kate and we've been working on our project for
like a year now the entire school year so we're down here we've uh yeah been just learning about
the sustainable energy
thing
and Bitcoin and mining as well
and we've done a couple minor drops too
so really cool.
Damn, that's awesome.
Well, I'm so glad to have
the whole team down.
I would very much love to visit it down there.
I'm sure we're going to hear some more about it
momentarily.
So we've got our whole panel here.
Those watching,
this is why are we bullish,
very simple premise for a show,
pretty much. The way it's going to work is somebody's going to drop a reason for being bullish.
Once they're done with that, we're all going to riff on it together, comments, questions, whatever
may be. And then finally, we're going to rotate. So reason, riff, rotate. Simple. I'm going to get us
started here and very glad that Patrick brought up the seed signer, because this is one of my reasons
for being bullish this week.
On Monday, I dropped a tutorial for the seed signer.
So there's my seed signer right there.
Now, those that didn't see this or maybe you aren't familiar,
what is a seed signer?
Effectively, it is a build-it-yourself hardware device
that allows you to sign Bitcoin transactions.
And the interesting part about it is that you can build it
from run-of-the-mill parts that are very relatively cheap in comparison to maybe some other options
on the market.
So the important part about that, it's not that necessarily everybody needs to build their
own seed signer or their own hardware device to utilize Bitcoin.
But the important part here is that people can.
The fact that people now don't need to rely on a specific company.
or a few companies to provide them the hardware to create security and create the seeds to their
money to create their private keys and manage them and utilize them is now effectively
decentralized because this is an open source project right so you can you can see and
audit the code you can see and audit the way that these things are built you can source the
parts in such a way that nobody would even know that you have Bitcoin, let alone a signing device
itself. And you can utilize this thing in a way. This is, it's, it's stateless, which means that
every time you power it down, other than the firmware running on it that makes it function,
it, it, it doesn't retain your keys. And so for some that that's a turnoff. But the, the,
the idea is that this is specifically just meant to allow you to utilize your private keys and
then approve and sign transactions and also verify that addresses belong to the keys that you're
utilizing or use it in a way where you have multiple keys for a multi-sig.
You can do a lot of different things.
And so when I did the video on it, I basically showed how to build it, how to put it together
different parts, then how to create your own seeds, which end up being just little QR codes that
you can transcribe yourself onto paper or onto metal or whatever it may be, which felt like
magic. Because like, let's be real. You're like, there's no way. This is actually going to
scan and function just from creating it from scratch and dotting some, putting some dots on paper and
have this be an actual key to money, an uncensurable, randomly created seed phrase that I can now
utilize to send funds across the globe. But it works. You create, you literally draw a QR code and
you can now any person can scan this, anybody in possession of it can utilize it to send and
receive funds to anyone around the globe. And that's a powerful concept, especially in the context,
of it being entirely permissionless and buildable from run-of-the-mill parts.
And so I'm just, you know, I already gave my rant and my tutorial at the end,
but it's such a powerful concept that all of these points of these pinch points,
these single points of failure of, oh, well, what if they outlaw Bitcoin?
and all of a sudden you can't, you can't source hardware wallets in your jurisdiction.
That's kind of out the window now because you can just build it.
You can just build it from whatever.
They have people that have built these out of lots of different.
They're starting to experiment with different types of hardware to build these two.
So you don't need these specific parts.
But it just kind of shows the adversarial thinking of Bitcoiners in like a worst case scenario where
It was just like you weren't allowed to do anything regarding Bitcoin.
You can still just do it.
You can still just make your own seed.
You can still build your own hardware.
You can still run your own node and verify rather than trusting in others to do that for you.
And for me, that's a very powerful concept.
And I think some people are kind of sleeping on the Seed Siner.
in itself just as a concept, just as a, people can even do this.
Because the fact that somebody can do this is kind of mind-blowing to myself.
So I'm going to, maybe I'll just stick to this as my main, you know, maybe some other stuff
will come up later.
But this is going to be my main reason for being bullish this week is, is the seed signer.
And as a whole, the adversarial thinking of Bitcoiners to even think.
to make this thing possible.
So I'm going to open it up now if anybody has a comment, a thought.
Actually, maybe what I'd like to do is maybe ask Patrick and the team down there,
their experience with, because you just said that you have a bunch of seed signers down there,
and then they helped you guys bring some of those to Guatemala.
So what has been your experience with seat signers so far?
Well, it's been limited week Wednesday.
One of the issue to me here and also in Bitcoin Beach is self-sovereignty because the
wallets that we're using, the Bitcoin Beach wallet in particular is the custodial wallet.
And I feel like, and I told Seat-Senter this, I feel like it's a moral obligation that
if we're going to be teaching people about Bitcoin, we've got to teach them out of self-custody.
And I've been kind of thinking about this, and Seat-Senter just reached out to me.
I mean, this is not, this was not planned,
been doing the tutorial and me having these seed signers.
This is not planned.
But I've been trying to think about a way to introduce self-custody
and bringing cold cards down here or something,
but, you know, we're gone from a community
that doesn't know anything about Bitcoin,
and we're kind of at, you know,
we're probably all at like level eight of Bitcoin knowledge,
and they're probably at $2.5, and I think that,
introducing something like a cold card would be just too daunting.
And so we brought these down to give seat signers some feedback.
And they're also working with Goloi Money who makes the Bitcoin Beach wallet to turn this
in, use the Bitcoin Beach wallet as a watch only wallet for the seed signer, similar
to what blue wallet does for cold card.
So some really cool things and it's exciting.
So that's the feedback right now.
We'll probably give you some more real life feedback.
in the next couple of weeks.
But yeah, I'm pretty excited about it, you know.
I think that the cool thing.
I remember the first time I saw a seed signer,
we're up in St. Louis where the C-signers come out of.
And I remember sitting at a table and they were talking about it
and just being blown away by how early we are
that we can see this type of technology in front of us.
And we can use it.
And to your point, I mean, this paradigm shift,
you hear about that a lot,
but this is where educationally for young people,
we talk a lot about centralized and decentralized.
and the ability to have your own control of what you're doing, we're not used to that as humans.
And so having these tools, and it's so cool to see it in front of a bunch of young kids that you
get to see there's two different types of learners, right?
There's ones that like to get in and get technical, and they're taking it apart, and they're
going through and flipping through and seeing all the QR codes and function.
And some kids aren't that focused on that, but those tend to be the ones that want to, this is
part of that educational aspect of really bringing technology and design and,
and pushing the kids out a little bit and giving them control of their own experience.
Yeah, imagine, you know, 100 years ago showing kids how to print money.
You know, I mean, that's kind of what we're doing here.
You know, we're introducing to money.
Yeah, it'll be super interesting down the line because, you know, from your perspective
on the ground there, you guys are going to have kind of like the inverse of what a lot of people
go through of learning on probably a simpler device that doesn't challenge you to kind of understand
what you're doing with Bitcoin.
You know, like a lot of people, they'll get their first hardware experience with like
a treasurer or a ledger, which, you know, like they function, they do what they're supposed to do.
But when you get into something like this, it challenges you to understand what, what is
actually happening with Bitcoin.
and what your keys are and what is a seed phrase and what is a you know what what is a private key
and how can it be utilized and like the difference between the key and the actual device that's
signing and how those things aren't always paired you know you can have it separate um so it'll be
an interesting learning curve i'll be interested to hear from uh hear back from you guys um as you
introduce some of these concepts
down there.
It'll, you know, it'll,
you've got your work cut out for you because obviously
this, you know, this is like a different level of
knowledge. But I think
the ones that like getting in there and
pulling things apart, they're going to gravitate
towards this because they're going to go, oh, wow, cool.
Now I'm starting to understand the underlying of what's
happening here. So I'm going to open it up to some of the
other panel, whether it be Dennis, Gandalf,
off of Pastor Koyne. Any comments, thoughts on seed signer?
Yeah, so sorry, guys. I don't know if you can see my kids are like right there.
So where are they?
Do you see them? They're banging on the window really distracting me.
But I, um, you mentioned, uh, the adversarial nature of Bitcoiners.
And I'm bullish on that because of, you know, not to sound like, um, hell in love,
joy but for the children you know this is technology that my children and you know your children
will be utilizing and it'll be normal for them now it's like you know you walk on the street
talk to somebody say hey what do you think about the seat sign or they're probably going to be like
what you talking about but for our children this is going to be something that is going to be
I'm just muting my phone, sorry, is going to be normal for them.
And I'm bullish on the future because there are technologies and innovations to come in Bitcoin
that have not, that we don't know exist yet.
And this is going to help our children and their children and bring freedom to them.
This is why I'm such a huge proponent of Bitcoin.
And what I'm trying to communicate to my Christian brethren is,
guys, this is a gift from God Almighty, you know, this is the arc.
We need to get on it.
So, lest I preach, I'll let somebody else talk.
I love it.
Dennis, Gandalf, anything?
Yeah, I remember in the, I guess, the 2017, 2016 run-up,
it was really hard to get some hardware devices during that time.
So around like 2018-19, I was like, okay, I got to stock up to make sure I can at least
have some spares, you know, to give out to people or just on my own person. But yeah, I think this is a,
this is a very beautiful thing to see develop within the space for sure, just because you never
know what macro insanity is going to happen. It's like, oh yeah, we don't have the shipments or
the parts aren't coming in because they're stalled at the border or something crazy like that.
So it's really good to see that you can have like pieces at home or like nearby just to create one of these things.
It's awesome.
Gandalf, how about you?
Any thoughts?
Yeah, I think like Bitcoin's amazing for tinkerers.
I'm so grateful for these sort of projects and like seed signers, specter DIY, everyone building open source stuff.
Because you can get in there and you can go as deep.
Well, you know, you can use a ledger, which.
Like you say, maybe it doesn't really help you understand how Bitcoin works too much.
Or you can go really deep and compile your own node from scratch,
or you can flash software onto the seed signer.
So it's super bullish for those that are curious.
I don't know about like, you know, I'm not convinced that everyone's going to be using Bitcoin
in a self-solven way and like building their own little seed signer and stuff,
because I just don't think it's for everyone.
but for the people that
yeah
I guess like without Bitcoin
I'm not sure that I would have realized
that I was that tinkery
I never thought of myself as like somebody who would build a seed sign
or whatever or build a node and yet I'm doing it
and it's because of Bitcoin
so maybe I'm being cynical with the fact that like you know
saying that most people wouldn't do it maybe they will
who knows but yeah super billish I love all this stuff
and I would write I'm like I go extreme
so the more I've gotten into Bitcoin
the more I'm like all my hardware wallets have to be self-built and I flash my own software and all this
stuff and like how can I go yeah it can get pretty crazy just in terms of the time you know you
know when when you have to invest all the time to do things to go to the extreme um you start to think
about the trade-offs like you know there's there's I could be spending time with my daughter or I
could be spending time doing X Y Z yet like I'm here trying to like plug in a fan into a thing that
doesn't work and try to figure it out um but yeah I
I love that.
Great massive shout out to Seed Siner.
Massive shout out to everyone that is doing open source stuff.
I love it.
And yeah,
I think it's super bullish.
Awesome.
Well,
let's round out this topic.
Just in general,
people are curious about,
again,
like the website,
SeedSigner.com.
I will say,
and again,
I said this in the tutorial,
but I think what these guys are doing and working on is massively important.
and also massively overlooked by a lot of these funds that are helping back open source Bitcoin projects.
And so I'd encourage you to go check out the website and also if you see value in what they're doing,
maybe drop a few sats to their donation page.
I think I can't recall.
I just want to, I want to say it here because,
because it's worth checking out.
But BTC pay.
Keith Mukai,
so K-E-I-T-H-M-U-K-I-H-M-U-K-A-I.
And it'll be on the Seed Siner website as well.
But you can drop some stats there if you see fit,
if you value,
it's basically a dev grant fund.
And I've donated to it a couple times.
now. So worth checking out. And again, I'll mention it again at the end of the show.
Ben, sorry, just a quick question on the seed signer. So it doesn't save your keys on it.
So technically you can use it to sign like if you had a multi-sig like a two or three or
whatever, you can use it to sign for both keys. You can just have the one. Yeah, that's awesome.
Yeah. Yeah, that's absolutely right. So it's stateless, meaning that as soon as it's powered down,
the key that you're dealing with is no longer allocated on the device.
So the key is separate typically, like you could enter a seed phrase,
but the way you can also export it as a QR code that you can transcribe yourself,
which you can then scan in and then utilize until you power down the device.
So in the instance of a multi-sig transaction, like I did it on Sparrow wallet,
I set it up with three seeds that were generated on this device.
And then I was able to go through, I was in the instance where all three keys were in the same location, I was able to scan them all in and then approve the signatures one at a time.
But in the instance where they're not in the same location, you know, you can go to one location, scan the seed in, approve the transaction, sign that and then just keep the signed transaction ready, go to the next location, scan the next seed, approve that signature.
and then send off the transaction.
So yeah, it's totally stateless.
You can deal with multi-sig on this.
I did that in the tutorial.
And so, yeah, you can utilize the keys
in whatever way you see fit, which is super unique.
Same with pass phrases.
You can use pass phrases on this.
So you don't have a single point of failure
with a C phrase sitting around.
So, yeah, super useful.
Recommend checking it out.
But anyways, I'll just anybody curious.
There's a tutorial that I just dropped on Monday on the YouTube channel.
you can check it out.
With that, let's do a little rotation.
And Ramel actually had one question.
So you can just scan two out of three QR codes for the multi-sig.
Yeah, that's right.
And you can do it one at a time.
You can scan one, sign, move locations, scan one, sign, and then send off.
Yeah.
So that's pretty much how it goes.
With that, I'm going to do a rotation.
And I know that Patrick is going to be shorter on time here.
So Bitcoin Lake, you guys are going to be my first rotation for a reason for being bullish.
I'll just say in the chat right now.
Thank you guys for the messages coming through.
Keep them coming.
I'm going to start trying to pull more of them in now that I'm done with my topic.
And, yeah, Patrick and Bitcoin Lake and everybody there, I'll talk to you.
What are you guys feeling bullish for?
Well, we're super bullish about this made in Guatemala.
Guatemala's Lago Bitcoin.
So Lago Bitcoin, we're super bullish about, wow, the progress we've made is such a short amount of time.
And like I mentioned in the intro, you can come here, you can stay in a hotel, you can eat breakfast, lunch, and dinner at three different restaurants.
You can go to a bar.
You can get across the lake.
all of that you can buy you can go to a store and buy books and pencils or whatever
we've got merchandise that we've made down here all paid with bitcoin so yeah I mean
it's a great experience and it's a lot of fun and so we're super bullish about that
and I think that probably the most exciting thing that we're working on I mean
everything that we're working on down here is really really cool but
But I think what kind of sets us apart from all the other communities that are out there, which are all great.
It's our mining operation.
You know, the Bitcoin Beach was endowed with some Bitcoin that kind of started the process down there.
We don't have an endowment.
We don't have a secret donor.
We just kind of bootstrapped this.
I come down here.
We all come down here on own dime to do what we're doing.
and so that was kind of one of the reasons that I wanted to bring Bitcoin mining into the community.
And shout out to Pastor Coin.
He and I have known each other for a while on Twitter, and I'll shout out my book
if you're in case for Bitcoin.
But really coming down here and providing Bitcoin mining as a way to provide economic opportunity
for those who really needed the most to escape from the Fiat system.
Yeah, building, we want to talk about the mining more.
Yeah, I mean, I think we're super bullish about the energy opportunities that are down here to turn waste into energy.
And I think for me, that's something that, like, you know, I'm in my early 50s, and I just think that we create massive amounts of feedstock every single day in our human waste and our protein development waste, like from chickens and cows and pigs and also from our food waste.
And we've been for decades of that century paying people to take it away and bury it,
while we go out and spend math amounts of resources to dig things out of the ground and process them and burn them and it's not good for the environment.
And so what we're finding down here is that they have very high energy.
And so plugging a miner into the grid right now doesn't make any sense.
But as we've dropped these miners, that pound haul, in a couple of local areas, other people that are going to be plugging them in the communities, that they can
can begin to get incentivized and look at the waste they have and how they can start
turning that into lower cost energy that can not only give them electricity for their homes and
living but also now perhaps mine Bitcoin and have that pump back into the system. And really
simple if you think if they're paying 17 cents a kilowatt hour down here and we can create
energy and electricity that's three or four cents a kilowatt by using their waste, they've all of a sudden
and save, you know, 10 to 13 cents a kilowatt hour that now can go into other community projects.
And the idea, as we're looking at this, is to not only create a but then go, but then
actually mine Bitcoin to go into these circuits of their economy.
So we're super psyched about that.
And the research and development that the high school girls are doing, I joke in an article,
I mean, I have two high school girls that are doing a lot we've got.
Describe to the waste process, like how do you utilize?
that waste to create energy just for those unfamiliar with how that might work.
That's why. So this this to me sounds very familiar to to stuff along the lines of what
people like Steve Barber with upstream data are doing because he's also at rather than waste,
he's going to to oil and gas wells and they've got they have to vent things like methane.
And if you vent or flare methane, that's infinitely worse than just like venting or flaring, like carbon dioxide.
Like the carbon or rather the warming effect in general of methane.
And for our planet is much worse with methane than just carbon dioxide.
And so he's able to capture the methane, convert it to CO2, which is like 180th,
the warming effect and in turn take what would have been like a carbon tax for a lot of these wells
and turn it into a net positive instead of a net negative.
So it's very interesting to see these types of things playing out in different areas that
I may not have connected before.
But same idea.
All you're doing is you're incentivizing people to find the most efficient uses of power.
right, trying to capture every bit of power that they can and use it in an efficient way.
And you have that buyer of last resort to incentivize that behavior.
So that's fantastic to hear.
I think the cool thing that's coming out of this right now is a buy product from a lot of these processes is also a nice organic fertilizer.
And so what we're seeing with potash prices going up, fertilizing prices, again, a petroleum-based product.
you know we're able to create that fertilizer out of these food weight or these waste energy
project as well so it's a bit of a double whammy and you know there's a there's an energy
waste company a fund that I work with it's an energy waste fund and the founders of the fund you put it
to me away and I think about it's always chasing that and looking for that and you want to
plug into that and this kind of energy gives us that but for these energy producers they're
saying wow wait a second we can get four to six cents off of this energy we're creating from chicken food
or cow poop or whatever it might be but when we plug our miners into it we
can be earning 40 to 50 cents to kilowatt hours so it just changes the paradigm
move and I think the other thing so you know we've talked about the economics of
mining with sub four cent energy down here the second order effect for us and really
the greater good is cleaning the environment this lake is one of the most
beautiful lakes in the world it hits the top ten most beautiful lakes in the world
on surveys, but it's slowly dying because of all the wage that comes down.
So we're about 5,000 feet elevation.
The mountains around us and the volcanoes around us are about 8,000 feet.
And there are hundreds of not thousands of little farms that are around this area that don't
farm sustainably.
And they've got trash that just is in open landfills and all that organic waste is seething
methane, and it finds its way down into the watershed into the lake.
and this is a natural resource this lake and it's the national treasure.
So for the first time, we are going to be able to provide economic incentive to create wealth.
But the second order effect is we're going to be taken off all that organic waste
from running into the lake and contaminating it.
So that's kind of really the exciting thing about this whole project, kind of tying it all together.
And then, you know, with the school project that we're doing, I mean, we really, we really,
kind of we set up nodes we've set up a node we've got the bitcoin minor they know how to use bitcoin
so we're really going from zero to full scale bitcoin in here in unichel so we're super bullish
i i love one thing you said there that you've created an economic incentive uh to be more
environmentally conscious rather than using a form of coercion to to force people and
into it. You've created this positive feedback loop of, of, hey, if you don't pollute the lake,
you can then use that resource to actually be rewarded for that behavior, which then benefits
the entire community around this lake. Yeah, so a really interesting conversation happened
yesterday. We were, we were meeting with the land of land and bringing organic waste and creating
methane and the produce. They already separate to organic and non-urbanic waste, and they take
organic waste and they're literally taking water.
If you do this, that can that go into maybe actually setting up the sewage?
And Ben, I'm sorry.
I am going to have to get the entire community is involved.
So thanks to this opportunity.
Bill and the girls are going to stay here and answer any questions.
You're incapable of hand.
Patrick, thank you.
Appreciate your time.
Awesome.
And I guess I'll open it up to Pastor Koyne, Dennis, Gandalf,
if you have thoughts or questions for anybody down at Bitcoin Lake regarding what they're talking about.
Yeah, I was going to say to Patrick, but he left.
I ran a seminar called The Christian Case for Bitcoin.
Before I knew, he wrote a book called The Christian Case for Bitcoin.
And I'm getting messages.
So pass this message on.
I'm getting messages from random people saying, hey, I just bought your book.
It's really good.
And so let him know that I'm making sales for him.
And, you know, I'm glad to serve in that way.
but I'm bullish on the conviction of Bitcoiners like to do this kind of thing.
I remember when Patrick was planning this out, he was sending messages in our group and stuff saying,
I'm going to go to Guatemala and do this thing.
And here he is actually doing it.
And to see the fruit of that conviction is super encouraging.
And the parallels with the church are unmistakable.
I mean, the church started with, you know, Jesus Christ.
12 guys, one killed himself because he was a traitor.
Now you're down to 11.
But what ends up happening is this thing blows up.
And it's just community by community, one place at a time, one person at a time.
And to see the conviction in the hearts of Bitcoiners and the belief, this is unlike any
crypto, you know, I'm a pastor, so I can't say S-H-I-T coin.
That's not, I'm not allowed to do that.
I mean, I guess I could, but I won't.
There's actually a Greek word called scuvala, which means the same thing.
So I'll call it scuvala coins.
You don't see this in scuvala coins, this type of thing, only in Bitcoin, because Bitcoin is, you know, the only way when it comes to money.
So, yeah, I'm bullish on Bitcoin communities.
I'm bullish on people.
I mean, you guys are like Bitcoin missionaries in a sense.
And that's bullish, because you don't see that anywhere else.
I mean, I guess you do have U.S. dollar missionaries, but that's more of a military industrial complex where it's, you know, bathed in the blood of innocence, which is evil and wicked.
But in Bitcoin, what you see is people going in the communities, adding value, adding, creating, you know, life-giving systems, really.
I mean, who would have thought that Bitcoin could fix a lake for crying out loud?
So, so that's, that's bullish.
That's incredible.
Awesome. Dennis, do you have any thoughts?
Yeah, I mean, what you guys are doing over there is, it's amazing.
I think what a lot of people would ask you guys would be,
what's the path towards legal tender over there in Guatemala?
Is it, because I know with Bukkele, he was looking at it back in like 2016, 2017,
and it finally happened in 2021.
You see sort of the same path going forward over.
there or is it more complicated and do you think it has to be more of like a roundabout type of way?
I mean, listen, I'll give it as much because we've been discussed that spend time in the political
circles and have been, you know, there are things that are passing through. I think what's interesting
is that what I've heard is that, you know, in these countries. And so, you know, they can actually,
legal tenders should go back and forth. And because,
El Salvador has created a legal tender, technically speaking, there shouldn't be really a problem here.
I know there's like, you know, the difference between how they look at a currency and they're trying to figure out what that regulation looks like.
But at this point right now, it's just, this is a pretty, like, open country.
Like, in this lake region, they're kind of doing their thing.
There's not a lot of overhanded regulation.
you know, like we can go in and talk to the mayor
and have lunch with another mayoral candidate
and, you know, discuss these things for the community.
So at this point right now, that's not coming up.
I think the idea is to kind of keep it low
and just keep moving along.
And, you know, the people, you fill the pipeline up
and as the people are going,
there's really, they're not much they can really do about it
if people are using.
I know they didn't answer the question,
but it's not a problem in an issue right now.
Samson now had some thoughts on that.
too, where you could kind of just to eliminate things like capital gains and regulations.
And he said something along the lines of treating it in Guatemala potentially as a foreign currency,
thus not treating it with capital gains.
I think that's because it is a currency.
Technically, this is a currency, which also, I mean, that relates to the way they're thinking about things in the U.S.
I mean, it's not an asset.
I mean, they're looking at it that way.
It is an asset, but it is a legal tender in another country, so it is, in fact, a current.
But it really shouldn't be that much of a problem.
It needs to be treated as such in enough places that the world can no longer, you know, go by that that same set of rules as they have been treating it so far.
But we'll see how quickly we get there.
I'll let Gandalf jump in here, too, if you have anything else.
sad. Yeah, I mean, I think it's amazing what people are doing. Like PASAcoin said,
it's amazing seeing Bitcoiners go into different communities around the world, not only their
own, but like, you know, going to foreign countries and trying to improve those. It's almost like
we fix the money and now that's allowing us to fix the world, which is awesome. Yeah, I mean,
I don't know if I missed this before or not. The audio from Bitcoin Lake's a bit patchy,
sometimes but so are you guys already mining there or are you looking to set up mining operations
so back back in march i came down and did a pre-trip before bringing these two down and our first
minor we plugged in was at the town hall and you can go in and if you see it in twitter and we're
literally we can get internet connection and it's just turning away it's pretty cool um we have one that we
plugged in at a school uh they were on one of the highest electricity uh ranges and is their
their bill like they're paying 70 cents a kilowatt but they they bounced above their their limit
and they had a really high bill so they unplugged that we're going through the approval to get
internet connection at the wastewater treatment plant and we're going to plug two in down there two
f9s to run we're doing studies on the gas and we're working on getting a portable generator
and then eventually the idea is to bring an f17 down that that we have and the girls can
talk about those donations and and run that and begin that going we're
We have two other minor drops that happen today.
One's going over to an NGO over on the coast, and the other one's going into Guatemala
City with somebody that has connections with the energy producers down here in the country.
And then we've also dropped miners in Zimbabwe and South Africa.
The miners aren't physically there, but we've set up mining pools through them with flush
pool and we're plugging them in at the electricity of the school and they're hashing
why they figure out how they're actually going to run them in their mind.
I mean, in their country.
So that's kind of where we are right now.
Nice. Awesome to hear you guys are using slush pool.
I was going to ask what pool are you using.
Have you guys checked out BrainsOS Plus?
Not to get too shilly, but it's a product made by brains,
same people who do slush pool.
And yeah, you basically get more hash rate for the same amount of power draw.
or you can tune your machine to use less electricity if you need to,
if you're in a place where electricity is very expensive.
You can sort of increase, increase or go for max efficiency.
Yep, so check that out if you haven't already.
Runs on S-9s, runs on S-17s.
Nice. That's awesome.
What I'll do is maybe I'll let you guys at Bitcoin Lake,
any final thoughts?
Or maybe if the girls really quick want to,
you were saying about donations?
Well, he kind of touched on it already,
but we have our miners running through the ball and got that fresh.
He got a little excited.
All good, all good.
Reiterate, maybe.
Yeah, we had an energy company actually donate us a couple of like,
yeah, S-17s and S-9 miners that are used.
So what we did is we cleaned them, we refurbished them, put it back together, and we've had a couple running.
My dad, and so it's been running, like, in our apartment and stuff, and those mining tools are obviously going to Zimbabwe, South Africa, and we have a couple more that we would like to fix stuff and send to other communities.
Yeah, so that it's been really, it's been cool to kind of prove that we can extend the life of, like, the miners.
I think it was said that it would only last 1.6 years, but we've proved that they go to.
half that by taking them apart, cleaning them,
and just, you know, maintaining it.
And, you know, they mind Bitcoin just as good.
And we can donate them to other communities now, which is really cool.
Yeah, we've got, like, six-year-old minors that are, like,
fully hashing right now.
So what you're telling me is that the dig economist is not factually correct
and saying that the life cycle of a minor is 1.60.
Yeah, clearly, you know, I mean, they're saying it's unsustainable,
but can you prove right here that these miners are.
And we actually, I had somebody that actually dropped in these communities from waste energy fund says.
I love that.
Kudos you guys.
That's super incredible.
There's already people chiming in.
Don't question Digicconomist.
He almost got a degree.
So which is awesome.
Anybody watching this not super familiar with Dig Economist.
He's basically the reason for all of the Bitcoin mining.
bud that you see anywhere in any like mainstream media publication.
It's his shoddy research that is often quoted the same stuff that basically said
that the the world would,
Bitcoin would be using all of the world's power by like 2020 and a lot of terrible
stats that it would raise the temperature of the earth by two degrees within a few years.
And just terrible research that shows zero understanding.
of how Bitcoin actually functions and scales.
So I'm glad that you guys are out there practically on the ground doing things that are
actively proving that shoddy research to be wrong.
So thank you guys.
That's so fantastic.
I think what I'm going to do now is I'm going to give another rotation here.
I'm going to jump now to Gandalf because Gandalf, I believe you're in a time zone.
that is, you know, you're probably on the later end of things.
So I'm going to jump to you for your reason for being bullish first.
And then and then we'll round out with Pastor Coin and Dennis afterwards.
So Gandalf, what are you feeling, man? What's got you excited this week?
So yeah, I'm, like I said before, I'm, I guess I'm relatively new to Bitcoin.
So this is like, I did hold some Bitcoin during 2019 and the March 2020 crash, but I
I wasn't really paying attention to it.
I just kind of had it.
And I was looking at stock.
I was trading stonks at the time.
But so this is my first like sort of, other than last summer, this feels a lot more bearish.
It's my first big capitulation and watching a shit coin collapse to zero.
It's also my first time, you know, I've heard the Bitcoin,
sort of the older or the more experienced Bitcoin maximal is saying like, you know,
shitcoins go to zero.
and they always, they tried to zero against Bitcoin,
but this is my first time experiencing that.
And the main reasons that I hear people getting into Bitcoin are, like,
one, they come for the greed, whether that's in Bitcoin or shitcoins,
and then they stay for the revolution.
Or two, like, yeah, they shitcoin, got wrecked and realized that, you know,
why Bitcoin is different.
And then now they're sort of a Bitcoin only.
So I'm kind of bullish on the bear market.
I'm bullish on shitcoins going to zero because I think that's going to bring a whole new
a whole new influx of Bitcoin only proponents and yeah that's a good thing in my eyes.
Yeah, I will speak to your summary of the kind of cycle of how people come to Bitcoin only.
we've seen a lot of it just in these past few days, right?
Like I collected a handful of tweets.
I tweeted out the other day that it was the season of shitcoiners converting to Bitcoin only.
And eventually we'll have a new round of pre-cointers that dive into a bunch of all coins, get destroyed, and then complete the same path, right?
But there was some, again, like just a collection.
I wish I could show them on the screen right now, but it's not working for me.
But again, people like the other day, done with Ethereum, $20 in fees to transfer out all Bitcoin from now on.
Thinking of selling all my crypto for Bitcoin, I was already on the path of becoming a maxi,
after reading the Bitcoin standard.
What is happening these days in the crypto world is a demonstration that the problem is not the currency.
The problem is the human being.
Stable coins, staking bullshit.
Stop trying to create value to thin air.
only energy and work create value only Bitcoin and then I'm only buying Bitcoin lesson learned and a lot
of it you know coming in the aftermath of this Luna debacle and and you know people trying to
create value of nothing 20% staking for you know basically giant Ponzi schemes and once again we
that's kind of the cost of tuition right like that's a lot of people they and
up paying this tuition of understanding what's real and what's not. But there's many more that will
likely have to pay that cost of tuition. The encouraging thing I think this time around, this is probably
the first bull market where I've seen a large number of people walk in the door and very quickly
go to Bitcoin only, like in a matter of months. I haven't really seen that before, like in previous
like 2017, you know, even like through the bear run.
Like it took there's a longer period of time before that and this time around and I think it maybe speaks to the quality of the quality and thoughtfulness of content that people are creating.
Explaining the why of Bitcoin. I think there's there's a cohesive message in and around why Bitcoin is important and where other things.
fall short. And as time goes on, that message gets really, really refined so that if you get
exposed to it before you start diving down that shit coin road, you actually gravitate towards it
and see it as a more coherent narrative than the constantly shifting narrative of everything else.
So I guess in summary, what I'm saying to your point here is, you know, many more
people will go down that path, but hopefully it will continue to be shortened due to the continued
refinement of that Bitcoin messaging. So, I don't know, thoughts.
We've got, we've got the best salespeople. Like, how many, how many, you know,
alt-coin personalities do you watch and think, you know, I like this guy that he's making
sense or he's like, he's a guy I'd like to be more like, no, no one, right? We've got, like,
I mean, Michael Saylor, I can say, Michael Saylor, even though I already own Bitcoin,
he's responsible from making me understand or helping me to start understanding the profoundness
of Bitcoin.
When you have a guy like that, you know, getting in front of hundreds of thousands or millions
of eyeballs all the time, the guy like goes on every single podcast that he's ever asked to
go on, whether it gets 10 views or it gets a million views, he's there hustling,
talking about Bitcoin
and that has I think
deeply with the
sort of the reach and the scale
of the internet
to take one message and be able
to deliver it to millions or tens of millions
or hundreds of millions of people
you can't understate the
profoundness and how important it is
to have people like that talking about Bitcoin
and the massive influx of new
people that it brings to the space
and to Bitcoin only because
he's very good
articulating why it's different to everything else.
Pastor Cohen, you're going to jump in.
Yeah, I, you know, it's sad at the same time because I have people, you know,
close in my life who are currently getting wrecked by NFTism.
I don't know what to even call it.
NFT debauchery.
So it's sad to see.
I'm thankful that's I'm thankful for like safe Adena moose and I'm thankful for guys like Mike like
like like you know uh Gandalf was talking about the these guys that you look up to that are respectable
that are principled uh I mean just type it you know it's frustrating just type in Bitcoin on
YouTube and all you get is like like that like those faces you know what I'm talking about
It's brutal.
Yeah, like, oh, Bitcoin's dead or, oh, it's going to a trillion or whatever.
Like, it's just all sensationalism.
It's all a gimmick.
It's all nonsense.
And I'm very thankful.
Like the Bitcoin standard, I listened to it on Audible and it spoke my love language.
Because it, Bitcoin, okay, I'm not going to go there because that's my.
bullish point so I'll just stop yeah we'll save it we'll save it Dennis do you have any
thoughts about Gannosovic the the cycle of of pain and then coming back to the truth
yeah I think it I don't know it's it's kind of different now just because there's still a lot of
press you know paying attention to Bitcoin right now it's definitely a lot
bigger than say 2018, 2019 for sure.
Yeah, I think it's, sometimes you have to go through a lot of these hardships to realize,
oh, I messed up.
I should reevaluate this.
And a lot of people just, they just give up.
I don't think that's really the way to live life in general, but a lot of people do that
just because there's not a lot to look forward to.
And I get that.
that's that's that's kind of what led me down to to bitcoin like when i started uh i didn't really
take it seriously until like beginning of 2019 probably and then yeah i don't know it
it's uh it's interesting to see how things are playing out and there have been a few like uh tweets
about like self-deletion or you know i can't say the actual word on youtube but it's uh
I don't know. It's interesting to see it all play out during this time especially.
I had a question for the girl there. You guys, one, how long have you been learning about Bitcoin?
And two, what kind of hurdles have you had in terms of your education? You know, what have you gravitated towards? And was there any bad information that you came your way that had to like matrix your way around?
We've both been into Bitcoin for like, I'd say about a year.
We first got into it when he went down to Bitcoin, Miami.
And I would say both of us were very skeptical, kind of, you know,
weren't all in, you know, tell him to shut off, like, he's going on about Bitcoin.
But, you know, as we, like, went into it, I think we both kind of opened off and been more receptive
to the knowledge that he's used and were a lot more into it.
Definitely, beautiful.
But, you know, it's been really fun, like, just, you know, becoming more,
just getting in more into the community of Bitcoin and learning more.
And I guess some of the learning curves we've had is probably, you know,
we're into shit coins in the beginning and then just like getting out of that and then
being used to Bitcoin.
That's been one of our learning curves.
well I mean I hadn't been into like the crypto space at all up until like last year when we had to figure out something to do for our project and he got us into it so I had like really no prior knowledge of like anything else and so when all you're learning about is like Bitcoin then like maybe I'm a bit biased but I think it's pretty reasonable like justifiable because it's awesome but yeah I guess like the biggest challenge is just like he wouldn't shut up about it and so
At first, I was like, oh, God, it's like taking my dad away for me.
But, like, I don't know, I've gained a lot of knowledge, a lot of experience, made a lot of connections.
And it's definitely, like, it's been a cool journey.
Yeah.
And I guess also, we hear a lot about it, and so we obviously, you know, want to go and tell our friends about it.
And it's been hard, you know, telling people, and they have the exact same response that we had in the beginning.
And, you know, now that when we're at that place that we are, it is frustrating.
it's like, oh, we're giving you gold and you know, you're not listening.
So we have a couple friends who are not like septic foot,
which is another kind of challenging to go through.
That's super excited to hear that, like, that you guys seem to have,
again, well, you guys seem to be a bit of an example of what I was talking about,
where you've come into the space and in a very short amount of time,
you've kind of zeroed in on like what the good signal is,
versus the noise.
And, you know, I think as you dive into more material and you read and view more videos
and listen to more podcasts, rather than make you question that, it'll likely kind of
strengthen that base, that conviction that you have.
Obviously, like, you want to be an adversarial thinker, even in your own, you know,
and question everything.
Like don't trust verify.
But that's kind of the eth of the Bitcoin.
And I think if you comment it from that angle,
then it only solidifies again your thought process
on what makes sense Bitcoin versus the rest.
So yeah, it'll be, I'm super bullish on your journey so far
and super excited to see how that progresses,
especially doing what you're doing now.
So amazing.
Can I say something real quick?
Yeah.
It's so important that this truth is, you can't overstate it, Bitcoin only.
You cannot overstate how important this is.
When I first started investigating Bitcoin, that's because in 2017, I have a side business called Pooper Scoopers where I pick up dog poop.
People pay me exorbitant amounts of money to do it.
I don't know why, but I'll take it.
So in 2017, I used, I downloaded a crypto app or whatever.
I didn't coin something, square or something.
And I seen this little dog coin, Doge, and I thought it'd be fun if I took some dog poop money and bought it.
It was like a penny or something.
So I bought this stupid thing and then I forgot about it.
And it's so important that, and this is the point I'm trying to make.
The point I'm trying to make is it's so important that we, that we propagate Bitcoin only
because of the confusion that all these scuvala coins cause in people's minds.
Like for myself, when I started investigating Bitcoin, it was like, well, there's this
dog coin I bought so many years ago and this and that.
So I'm asking my friends who I know are like crypto people, what do I do?
telling me, bro, you got to buy alt coins and then they moon and then you buy Bitcoin with the
profits from the altcoins. And like, but, but I'm, I'm an idiot. I don't know how to do this.
I, like, I'm not a good trader. You know what I'm saying? Like, I don't have time to investigate all
this stuff. So, uh, and then the Bitcoin standard came in my life and set me straight.
And, uh, I was able to discover, oh my gosh, it's, it's not that complicated. It's just get Bitcoin and
and use it and hold it.
But it's really that simple.
And to see my friends and even family members getting wrecked right now from scuvala coins and NFTs and all this noise, it's quite sad.
But like many have said already, it's a lesson that needs to be learned.
So this is a big thing.
This toxic Bitcoin maximalism is good for humanity.
I love that.
I just, I want to touch on the educational piece real quick because I think it
directly relates to this idea of when people figure this out, right?
And this is the hard as a transition act to make it.
So, you know, and I think the mistake I made when I came to the Bitcoin in 2017 because
I didn't have the resources available today was I looked at as a traditional finance product.
It's an investment, you know, people lever it up, people do all kinds of crazy stuff.
And then you have that whole system pushing on you all of this other digitized fiat crap.
Right?
And that's all that it is.
And it's that because they hear that all the time.
And in the educational systems, like they talk about at schools, these are legacy institutions that are reigned in that traditional way of thinking.
Right.
So you can't go to a college campus, many traditional college campus, you can't bring up economic.
You can't talk about Bitcoin.
If you go to the big blockchain institutes, look who they're funded by.
They're funded by foundations.
And those foundations are these other alt projects.
Right.
We even had a major university.
They received Bitcoin miners, and the senator tweeted out of the state.
This is a field of dreams moment.
We took a tour out to that university, and we wanted to see this Bitcoin mining project.
And I met with the people running it, and they focused on a foundation grant that they got,
to build something and the guy he hit it to me, the chain doesn't work.
One of the big casinos that gave him some money to run summer programs and educational programs.
So that's why, you know, push people to understand it's okay to be Bitcoin-home.
So your point.
We had an opportunity to our school.
And I sat down and one of the first conversations I had with somebody, the first thing he said to me was,
I'm not a Bitcoin maximum.
But I understand crypto.
them and you can and plug in a way and keep going but I think what we're seeing right
now in the markets in the way the traditional financial markets are unwinding because
they got over levered and they got over levered with a lot of these D-5 projects all right
people are now learning and they're seeing and now that traditional stuff getting exposed
but now you're hearing about Citadel and Blackrock and all these guys are playing
and they're playing the same games they've always been playing but they're doing in a
space that exposes them and it happens a lot quicker.
So these are really interesting times and it's good for people to have these tech.
Thank you for you.
That's awesome.
I was going to, I'm glad you added that in there.
I passed a coin.
I think I'm going to keep it with you now that we've kind of been chatting about Bitcoin
Lake.
I think I want to do the rotation to you.
I'm going to, I'm going to start off by saying that.
that's interesting with with Bitcoin and kind of ethos and and the people around it when I when I
started in Bitcoin I was I'd say I'm still not a religious person I grew up going to a
Catholic school but I just kind of drifted away from it but I've definitely come to
have more of an appreciation for for religious
people in in the kind of like from a you know what religion can do for people in in a having like a
moral compass um because i think a lot of society in a in a fourth turning kind of way has gotten
away from that they've they've this this kind of fiat culture that we're in is like the peak of
excess and a lot of people have thrown out any sort of moral compass that they might have had in
previous generations and and because of that um there's been a degradation in quality of life for a
lot of people i think a lot of people are constantly seeking like well you know what purpose is my
life serving and there's kind of a general emptiness um and i think uh you know bitcoin
has brought me some of that purpose, but also, again, an appreciation for, you know, religious people.
Whereas I think as when I had drifted away from religion previously, there was almost like a, like a pent up, almost like animosity that I felt towards, towards religion before.
And I can't really explain that.
but now I feel like a lot of that is subsided and I'm more,
a lot of the religious people that I know tend to be quite kind and caring and understanding.
So I'll preface that and then I'll pass it to you and I'll just simply ask,
why are you bullish this week and I'll let you take us on a journey?
Well, now I feel like I'm in the counseling session that I got to counsel this brother now.
You know, the thing is, truth, Jesus said, you'll know the truth and the truth will set you free.
Anything that is true is going to, on the merits of its being, lead you towards freedom.
That's just the facts.
Bitcoin is a truth protocol.
It is just true.
It does true things.
That's all it knows how to do.
and thus it leads you towards more freedom.
And so it's not the first time I've heard somebody say,
you know, I wasn't really religious, and then I got into Bitcoin.
I've even heard people say they were atheists, they got in the Bitcoin,
and then it led them to God.
And I think it's because there is that fingerprints of God
and all things which are true, and Bitcoin is true.
And so the truth will set you free.
So why am I bullish?
I'm bullish because of,
freedom. I'm bullish because of the Bible and because of Bitcoin. And, you know, I'm preaching
through the book of Genesis. I just got through with Noah's Ark doing some research. And scholars
believe it took him about 75 years to build the ark. In a sense, Noah lived through the longest
bear market there was, 75 years of building, building, just building, when the world around him was
saying, Noah, what are you doing? Why are you building this thing for what? What rain? What flood?
Who is this guy that is speaking to you that's saying he's going to destroy the world by water?
But he, and that's noise. That's alt coins. That's NFTs. That's, you know, the noise.
But he was focused on the arc and he built and he built and he built. And eventually that, you know,
first drop of judgment fell from heaven and it was game over.
If you weren't on the ark, you were wrecked quite literally.
And so I'm bullish on Bitcoin because it's a truth protocol and because it's principle.
And when I said earlier that the Bitcoin Standard book speaking my love language was because
and maybe it was a supernatural thing, but I felt at times that God was really revealing to me
that Bitcoin is
two things. One, it's a judgment.
It's the water which fell from heaven
and destroyed the wicked on the earth.
It's the judgment on central bankers.
It's the judgment on, I mean,
all the blood that has been shed
because of this fiat system
that's destroyed so many people's lives
in different ways and is currently enslaving so many people.
It's a judgment on that.
And it is a arc
for your average pleb, your average person to jump on and float atop of the judgment.
See, what's happening with Bitcoin in the senses, it's actually being elevated on top of the
judgment of the Fiat system, is it not?
The Fiat system is being destroyed, and Bitcoin is just kind of floating there and rising
with it and above it.
And eventually those waters will subside and we will be in a,
Wonderful Bitcoin standard, new creation, if you will.
So the parallels are unmistakable.
And yeah, that's why I'm bullish.
I'm bullish because of time preference in Bitcoin.
I'm bullish because conviction in Bitcoin.
I'm bullish because Bitcoin represents so many of the foundational principles of the Christian faith.
and these things which God's word tells us to do,
such as, you know, the righteous man leaves an inheritance for his children's children.
You can't really do that with Fiat.
You know, Bitcoin allows you to do that.
And so anyways, I'm just bullish on the future like Gandalf.
I'm bullish on the bear market because it's time to build.
Let's put the, you know, let's put our hammer to the nail, get some gopher wood,
and build this arc because,
It is a gift from the Lord God Almighty.
I'm thankful to you, BTC session, for having me.
I watch the show all the time, listen to it all the time.
So it's kind of cool to be on it.
I'm a little bit, you know, anyways.
Yeah, that's why I'm bullish.
I love that.
What a great metaphor, too, in particular, the 70 to 75-year bear market,
because they can feel that long.
and and it is the best time to build, right?
Like the bull runs come because of the work done in the bare market, right?
Like a degree of the bull runs that we get are deserved because of what's been built prior.
Not all of it.
Sometimes, you know, you get a little irrationally exuberant.
Like I'd say 2017, there's, you know, the degenerate story.
started piling in after a while and not all of that was deserved.
This time around, it feels like, you know, maybe we came up shy of what was deserved based
on what was built since 2017.
But regardless, the same principles remain, you know, when there's, when the excitement
fades away, it's time to put your head down, do some work.
and when everything is exciting, like you said, that's that's the noise.
That's what you have to ignore.
You've got to keep yourself on point.
You've got to keep yourself on the straight and arrow.
And I think there are a lot of similarities in what you've compared here.
And it is an arc of sorts, right?
It's and there is room for everyone.
The beauty in this is that the arc will continue to be there.
for anyone.
It's just when they want to step foot on board.
You know, there is no, in essence, there isn't a time limit for the arc.
There will be a time when a lot of people are rushing onto the ark very, very quickly.
And some people that neglect to get on it sooner rather than later will be hurt in the process.
But in the end, it'll still be there for them.
They'll still be able to jump on board, get themselves dry,
and pick up the pieces.
So I love that.
I don't know.
Does anybody have thoughts around Pastor Kloin's beautiful sermon, man?
I don't think it's a coincidence that there are so many similarities.
And I don't share this often, but you've inspired me, Pastor.
I refer to digital, I refer to Bitcoin as a digital spirituality.
And I think it has the ability, as we move people from all,
races, all backgrounds, doesn't matter political. If you get Bitcoin, all of that stuff falls away.
And it allows us to have these love-based connections that are all about doing good.
And at the end of day, God is good and God is love and God is truth and know the truth
and the truth will set you free. This is a form of truth. And it doesn't have to be, you know,
dictated by some type of central authority. And sadly, religion was co-opted by central
authorities to run people and manage people. And this really breaks the religious barriers down,
I think, because we're just looking to do good. And we all have our way of doing good and helping
humanity. And Bitcoin really inspires that and gives optimism. And it is an arc of sport. So it gets
me bullish. I'm excited about it. I want to touch on something you just said there,
because I think that came back to something earlier I said to pastor was my feeling of
animosity, it maybe perhaps wasn't directed at religion itself, but rather how people wielded it,
right? That co-opting and perversion of, uh, that can so often come in instances where somebody
takes it, you know, it's a tool and it can be wielded in different ways, much like you can say,
it's a shit coin. You can, you're taking a truth.
make other people
right that's that's a good point right it's it's it takes the the original intention
um perverse it in some way to benefit a few right and that's that's what we see with
with shit coins and um and yeah i think i think we've wow this was this therapy session for me
got right down to the deep of it and uh yeah i think i think that's part of it is is the aversion
to people taking something that on its face was meant for good and then was co-opted in a way
that benefits a few and impacts a lot of other people in a negative way.
And I think that was the source of my animosity there.
But then as I step back and I say, well, on a base layer, it just gives that moral compass
and is meant to bring people together in a way.
I can look at it differently now through a different lens.
And I think Bitcoin allowed me to do that.
And while I still wouldn't consider myself a religious person,
I have a newfound appreciation for those who are and a much better understanding of that.
So yeah, that's fantastic.
Yeah.
I don't know if this is right, but I'll say it anyways.
you know, I think I think Jesus would have probably been a proponent of Bitcoin.
Now, of course, Jesus, I believe he's alive.
That's the whole idea of Christianity.
But if he were walking the streets today, I think he would be a proponent of Bitcoin.
Because we see in the scriptures, you know, I mean, I've seen so many Bitcoiners post the picture of him flipping tables in the temple and chasing out the money changers.
I mean, what is that?
That's what Bitcoin is.
Bitcoin is the flipper of the money changers tables.
Bitcoin is, you know, comes into the central bank and says, you know,
I'm not here to be your friend.
I'm here to destroy you.
Get out, leave.
You're not welcome here.
We want honesty.
We want integrity.
We want fairness.
We want us something that is moral and good.
And the Bitcoin network is all those things.
From my perspective, Bitcoin is a moral imperative.
If you're going to call yourself a Christian, you have to care about these things.
You know, Jesus said, love your neighbor as yourself.
And so the more I learned about Bitcoin, the more I realized, it's not loving my neighbor
to continue to prop up this system that is stealing from them, that is destroying their lives.
that's destroying marriages, you know, this stuff goes really deep.
And so it's super important.
And that's why I'm on this sort of crusade to help to orange pill as many Christians as possible.
And it is sad.
And I hear it so much from people how the church has, you know, been, you know,
they perceive it as something that's been co-opt.
And in many instances, it has become a centralized thing.
but the idea of the church was to be a decentralized pillar of truth, not a centralized pillar of oppression.
And so I hope to, you know, help Christians to see that and to use Bitcoin for, yes, Bitcoin casts out the corruption, to use it for God's glory and the good of humanity.
I think that's great. I'll open it up to either Gandalf or Dennis.
I don't know if either of you are religious at all, but I'm curious to hear what you think about, kind of this, what to me appeared as a counterintuitive connection between religion and Bitcoin.
And I'm just wondering kind of your thoughts, where you sit.
And if you have any thoughts on the, again, the wonderful sermon that we just had.
Yeah, I mean, I definitely do see religions become co-opted, like, day-to-day.
It's the same thing with Bitcoin.
It's like all these Bitcoin futures ETFs, these spot ETFs, they're just, like, synthetic Bitcoin that you don't necessarily have any control over.
So you're kind of outsourcing that whole point of Bitcoin at that point.
And it's kind of the same thing with religions in general.
You're kind of outsourcing it to the people who are preaching to you,
but you're not actually reading the scripture.
So it's sort of like, dude, you didn't do the homework.
You don't actually, yeah, you have to know, like,
what God's word is, I guess, from, you know, the source at that point.
But yeah, I mean, at this point, Bitcoin is, what, like 50% off from 58K forever.
So you could get one ticket right now.
you could get a Satoshi and you have all the time, I guess, like you guys were saying, with, you know, it's an arc that's there that you can stop by like all the time and continue to keep buying more or just let it sit or whatever.
But at least if you have some, you're going to be, you're going to be more prepared than the people who don't have any at that point.
Yeah, great. Gandalf, any final thoughts on what pastor had to say?
I mean, I love what he's saying. I'm not religious at all, but I can
definitely share some of the values from the stories like the Bible.
I haven't read the Bible, but just from what I've heard people talk about.
So I don't think I have anything eloquent or valuable to say as it relates to Bitcoin and religion,
but I'm loving what I'm hearing and I'm learning.
Because I would say in the past I was like anti-religion.
I thought it was stupid.
And I just had a very negative view of religion.
but that's suddenly changing as I've become,
not just with Bitcoin,
but I think just older and more mature.
Yeah, I'd agree there.
I know that Bitcoin Lake,
you guys, your computer is dying right now.
I think they're about to drop out.
But again, shout out to everybody at Bitcoin, Lake.
Thank you for being here if we don't get them back.
But I think I'm going to round out this topic.
and we'll get our final reason for being bullish.
Pastor, loved your thoughts.
Thank you so much for that.
And Dennis, friend, you are up.
Final reason for being bullish.
And I'll pass it to you.
What's on your mind, friend?
Let me know.
Yeah, I mean, it's not as serious as everyone else's.
But I did notice during, I guess, around, yeah,
2018, a lot of companies were announcing that,
oh, yeah, we'll accept Bitcoin now.
and then, you know, they couldn't handle the bear market,
so you didn't really hear from them again,
or they opted out of accepting it altogether,
like companies like Wikipedia in general will come to mind,
but, or, and Firefox, can't believe that happened,
Mozilla.
But, yeah, there are companies continuing to announce that they're accepting it,
whether or not they're holding it is like a whole other,
a whole other conversation.
but yeah, I see that as bullish, even though the price keeps going down.
And I think a lot of people kind of forget about that stuff.
Like they stop caring.
It's the same thing with like a lot of the other announcements that have been going on.
Like I just mentioned the ETFs earlier, but Australia did release two ETFs and nobody,
I didn't really notice anyone talking about.
about it so we don't care about companies adopting it anymore we don't care about
ETFs anymore which I think is that's kind of bullish too because it's like we're you know
we're more focused on like what actually contributes to the ecosystem in general but yeah I don't
know if you guys have any thoughts on that I've I think it's I'd echo like if in general think of
anything that's happened over the past say two years um and think of had we heard a single one of
those news stories in 2016 2017 even how insane it would have been to hear not not even just
el salvador but like just countries mentioning bitcoin as like a passing thought of maybe
Maybe we'll do something favorable in regards to regulation around Bitcoin.
Like that would be a headline news story.
You know, we used to the people that have been around for a while that, you know,
maybe we're sitting on Reddit and everything, you know, you would have posts that would be
the top of Reddit around like a store accepting Bitcoin.
You know, there's a dude who is at a football game.
who held up a Bitcoin QR code.
And it got so much attention that he got,
he basically paid off his college tuition just because he had a QR code.
That was the Bitcoin address.
So like the,
the,
I guess I would say in effect,
I agree,
it seems like we're just numb to things,
but that's because so many good things have been happening that,
you no longer treated as this like monumental event.
Like, we literally have, you know, the first nation state making Bitcoin legal tender.
You have de facto legal tender in Madeira, which is off the coast of Portugal.
You have, you have Honduras Prospera, basically, same kind of deal where they're basically beating El Salvador to the punch on Bitcoin bonds.
you have discussion in and around other areas.
You have Mexico that is, albeit it's a roundabout kind of bullshit thing that likely won't pass,
but you still have it being presented as part of a bill to try and shoehorn Bitcoin in as a potential legal tender down the line.
You have all these things from nation state adoption.
You have all of these onramps.
You had literally Jack Mallors come out and say, hey, one in six point of sale terminals on the planet now could, like with a single click upgrade, could accept Bitcoin.
And the implications of that in the long run, especially for anybody that is using or living on Bitcoin, it is monumental.
And that that announcement got kind of a collective shrug from Bitcoin as around the globe, literally saying that one sixth of point of sale terminals on the globe could accept Bitcoin now.
And again, to have like such a non-response to that, that's why I think it's particularly bullish because a lot of people, we were spoiled by the El Salvador announcement.
but also now all of these announcements are almost,
if they don't have that day one impact,
they're like sleeper announcements
because they take time to actually manifest
and have that impact.
You know, like not all terminals are tomorrow
going to have Bitcoin functionality,
but they could very easily.
And so you're going to see kind of this natural ground up swell
of those that see value
in Bitcoin will start to want to accept Bitcoin and hold on to it rather than seeing it as a
marketing gimmick of, hey, we're going to accept Bitcoin.
We just want dollars.
We want more people in the door.
But we're going to say, come spend your Bitcoin here in this like counterintuitive 2015 kind of way.
We now will get that grassroots.
Oh, no, I don't want dollars anymore.
I want Bitcoin.
And it's in an environment where people now use the term fiat.
where people understand that that money printer go burr like they all of these memes where it's now
kind of common knowledge and i think again you're right there's all this stuff happening and everybody's
just kind of eh and and that's bullish to me because it means the shit that's getting announced
right now is not priced in not in the least so i don't know what do you guys think yeah i was at
Walmart today and buying some diapers. And this lady, one of the workers, comes up to me and she's
talking about the Walmart MasterCard. And if you apply today, you'll get like 10 or 15 bucks or
whatever. And I was like, no, why would I do that? I showed her my, I have my little shake pay
sticker. I showed her my shake pay visa. I'm like, I pay with this. Why would I want the Walmart
car? She'll, will you get like 15 bucks or whatever? I said, yeah, but this gives me Bitcoin.
And she's like, you should have there's the glaze look on her? I'm like, man, we're early
because she was like not even impressed by that. I'm like, how are you not impressed? So,
yeah, that's, that's super bullish. And I was at the mall yesterday. They do like this cop thing.
You can go and see the guns and stuff. So we brought the kids there. And, and one of the
the cops saw my Pleb hat and he was like, hey, are you a Bitcoiner? I was like, yeah. I'm like,
yeah, are you a Pleb? He's like, yeah, I am. So I'm like, hey, come there a Bitcoin meetup.
So like, it's crazy being out in the world because in one place you get this lady who's trying
to sell you on more fiat. And I'm like, no, I'm getting Bitcoin. Why would I want your stupid
card when I can just get Bitcoin instead? And then you got a police officer in the mall who's like kind
of whispering, hey, you Bitcoiners. You know? So like, it's. It's. It's. It's. It's. It's. It's. It's. It's. It's, it's. It's
It's wild out there.
Like we're in this place between, you know, the death of fiat and hyper-bictonization.
And we get to live in this time.
And it's going to be great to sit around a campfire with my grandchildren and say,
hey, you know, kids, there was a time when I went to Walmart and they tried to impress me with a, you know, a fiat card.
And they, and, you know, this house we live in, I bought with these free sats from this company,
shake pay.
Can you believe it?
the juxtaposition of i i shook my phone that day and i got 500 sats and they were trying to get me to
go into debt by offering me only 15 dollars which at that point will barely buy like a 5 cent candy
right right that's going to be the greatest comparison for you you you shook your phone you got
a thousand sats a day are you kidding me
Yeah, it happened.
They won't, they won't believe it.
I promise they won't believe it.
Yeah.
Yeah, it's going to be, it's, I think of that so regularly.
And I mean, I even think of like just with the topic, for those that are watching outside
of Canada, I don't understand what we're talking about.
Shake pay basically, you shake your phone every single day and you get free sats.
But if you get on a streak, you can build up to getting a thousand sats every single day.
And so, at the original threshold, and it's still insane to me.
that this was the case,
but back early on
when it started,
the top threshold that you could get
was 20,000 sats a day
to wake up and just be like,
and shake your phone.
20,000 sats.
That's already insane to me.
Imagine like even just a decade out
thinking back to a thousand sats.
It's going to be, man,
they were literally like even,
I think I capped out at 10,000,
But I mean, you know, for at the time, what, that was like at the peak in Canada and Canadian dollars, that was like eight bucks a day.
I was technically getting to not at the time when I was actually shaking, but in the long run, every day to wake up for half a second and be like, shake, shake, shake, eight bucks.
There you go.
What?
and the dollars are going to be meaningless and are increasingly meaningless over time.
But it's just so funny to think that that's where we're at.
But Gandalf, I'll let you chime in.
Sorry for taking up your talk time.
No, it's all good.
This reminded me today I was going to create, I was going to make a meme.
I saw a Bitcoin company saying they were going to be giving away, you know, it was like,
post an invoice, we'll send you 100 sets or something like that.
And I think 100 cents is like six cents, right?
And those replies were exploding with bitcoins, like, all taking the time to send an invoice to get the 100 sets.
Can you imagine if, like, MasterCard said, hey, post your visa card number and will give you six cents towards your bill.
Nobody is going to reply to that, right?
So even though 100 cents are worth six cents of purchasing power today, I think we can already, like Bitcoiners already know
the future value of Bitcoin.
And so that's why they go.
They're like, they're hungry for those six cents in Sats.
Whereas like not even the not even like just normal people are going to spend their time to reply to a tweet to get six cents.
Well, and to your point, that's because the public at large inherently understands the future value of that fiat.
Right.
The everybody knows six cents doesn't buy anything now and it's going to be even less.
in the future. Why even make the time to do that? Whereas people that understand Bitcoin,
they understand those 100 sats, whatever it may be, that is significant in the future. And it seems
stupid right now to be picking up pennies to somebody on the outside who doesn't understand,
but to somebody who's been in Bitcoin or has just done a tiny amount of research on
on Bitcoin's history is looking at that going, oh shit, Hunter Sats.
Sure, I'll take it free.
Of course.
Why not?
I'm right.
Yeah.
And I mean, I think you make some great points.
You know, obviously I wasn't paying attention to Bitcoin before the end of 2020.
So I've only lived through as a proper Bitcoin or like a full crazy bull market.
And I don't know how it compares to the 2017 one, which I was paying attention to it,
but I didn't own Bitcoin and I thought it was a bubble tulip made.
I was like super.
super middle of the bell curve like anyone can it's open source anyone can make their own coin
why does bitcoin have value all this stuff anyway um but you know i think i think a big thing with
the news not seem like us not seeming to care about the news i think in end of 2020 and the beginning
of 2021 we were used to like news pump news pump right the pump is fun the pump is fun so when you get news
no pump. It's like, we want the pump. I also think we live in the future. We see things. I guess
understanding Bitcoin means you understand a lot about how the Fiat world works. And so you can
see things coming from two, three, four, five years away. And when they happen, you're just like,
oh, it's inflation's 10%. Yeah, that's what we said would happen. Like, yeah, that's normal. That's
what we thought would happen. Whilst the rest of the world's like, oh, my God, inflation's 10%. We could have
Nobody saw this coming.
So, yeah, I think that's the main two things.
Yeah, we've been decent.
We need a bare market to go on a dopamine fast.
And then, and then I guess when the next bull market comes,
we can get high on dopamine again.
I think Bitcoin teaches a lot of people who aren't religious about faith.
if you become a Bitcoin
maximumist especially
because faith
is the substance
of things not seen in the
or sorry faith is
quoting scripture I'm butchering it
faith is
I forgot exactly the way
the scripture goes but anyways faith is the substance
of things not seen
so
the reason why I'm shaking my phone every day
for a thousand sats which I think
a thousand sats is what like
How much is a thousand sets worth nowadays?
It's like 30 cents, right?
I think it's like, I think we're $3,000,
that's $3,500 per dollar or something.
Okay.
So 30 cents is insane like BTC sessions was saying for like a normal person,
why would you bother shaking your phone for 30 cents?
but it's not 30 cents you know those with faith see there he goes did you forget you're muted
yeah no i remembered i was just seeing if i could see how much uh okay okay i'm not i so i lost my
streak in miami i was so upset i was just so busy with like doing everything and seeing everybody
that like i i it had been 24 hours and i unfortunately but uh so uh oh
What is that?
It's not easily showing me a conversion.
Anyways, it's,
I think it's about 30 cents.
Yeah.
Yeah.
And yeah,
so it's,
it's seeing the future in the sense of saying,
like,
it's not about today.
It's about the future.
And when you understand Bitcoin,
you almost begin to live as if,
um,
what has not transpired has already transpired.
Um,
and that's what faith is.
It's living at it.
It's believing a promise and living as if it's true, even if what's happening around you is saying, well, it's not true yet at least.
Or it may not be fully fulfilled true.
And that's essentially what faith is.
Christians, we believe Jesus is coming back.
Well, he's not back yet, but we believe it.
And we're living as if that's the case because that's faith.
You believe something.
You live as if it's true.
and Bitcoin, I'm seeing it in irreligious Bitcoiners.
I'm like, man, you guys got faith.
You believe you have the conviction.
And your actions are testifying to the reality that you actually believe this,
which is why we shake our phones like maniacs and collect 100 sats.
You know, I got some games on here that give me like five sats a day, you know.
But I'm bored, I play a game, we get five sets the next day.
So it's just stacking, believing.
and it's a beautiful thing to see unfold.
And it's going to transform the world.
It is transforming the world.
Yeah, I think it's great.
Yeah, man.
I think, again, to Dennis's point, there's so much going on.
There's so much indifference to all of the incredible things that are going on.
And, I mean, we just kind of touched on the geopolitical and, like, the, you know, companies accepting Bitcoin and kind of some of those macro type things.
but we didn't even, we, early in the show, we were talking about the, the actual infrastructure being built, the, the, the open source projects and the people just giving their time to build incredible stuff and make it more accessible to everyone.
Um, none of that is, in my opinion, priced in, or at least to the extent that it's grown over the past five years since, uh, 2017.
You know, like Seed Siner isn't priced in.
You know, all of the privacy developments aren't priced in.
Lightning is sure as hell not priced in.
There's so much that is not priced in that I, yeah, it's.
And then the world will be initially surprised that that Bitcoin goes up.
And then give it a year and it'll be, you know, a couple of years.
and it'll be obvious.
You know, hindsight is 20-20,
but everybody else will have claimed
to have seen it perfectly as it was happening,
including Jim Kramer.
So, you know, we'll see.
Okay, hold on.
When does Peter Schiff finally say,
I was wrong?
Is that ever going to happen?
Never.
No, no.
I don't think so.
I don't think he can't.
Like, he's doubled, tripled, quadrupled,
quintupled down.
so many times over that and and it's funny because it's like he'll say this is it this is the time
it goes to zero so many times and then it's like people he disignores when people bring it up like
you can't you can't just say well you said this then and you were hideously wrong by orders of
magnitude um i don't think he ever capitulates i think he i mean he's getting older like i i
think he just lives his life convinced that it's coming and unfortunately that'll probably
be like the rest of his life he'll just hold that conviction um yeah i i don't know like his son
seems to be in somewhat in the know some people speculate as to whether or not that's uh uh you know
them playing a game with with the public but he's a hundred percent engagement farming i mean
Peter Schiff with like, you know, I'm not saying he doesn't believe what he's saying, but
the way he beats the drum over and over.
He's a smart guy.
He's got businesses.
He understands how sales and marketing works, and he knows that talking negatively about
Bitcoin gets him attention.
And if it, I mean, if that's good for him, then he should be absolutely doing that.
You can't hate that.
I can disagree with his viewpoint and think that, you know, think the opposite, which we all
do.
but can't hate his playing the game.
Okay, one last question.
Since we're talking about the news and how it's not really affecting price movement and stuff like that,
if Peter Schiff comes out and says, I was wrong, Bitcoin is the way.
Does that affect the price?
No, I don't think anyone that could move the price really cares about him.
It's not like we're not going to, we're not going to like Peter Schiff, do the Peter Schiff smash by.
and I don't think like
it's going to move
people aren't going to go
100x levered long on the Peter Schiff
I bought Bitcoin tweet
yeah I don't think so either
mainly because
I don't think many people
would like have
have followed a lot of his other
like he's got his core base right
but like everyone
everyone would go 100x short
and sell all their Bitcoin
of Peter Schiff came out saying he was full Bitcoin.
Yeah, no, I don't think there'll be any sort of a shift pump.
I don't know.
Who would be that person?
I mean, could there be, I think a large enough nation state coming out again,
like actually full legal tender everything.
I think like El Salvador obviously didn't.
have that effect like the announcement itself didn't have any effect on price because like the world
at large was just kind of clueless to the fact that it even happened but also they could write
it off as it's just El Salvador. I don't think it would happen but if a large you know like G20
nation was like yo Bitcoin standard then that's like that becomes something sizable
where it would shock enough people to probably bump the price.
You know,
narwhal tacos in the comments,
Trump or Rogan could move price.
Probably,
Rogan could probably have a decent,
you know,
if he had like a full on like Bitcoin only episode,
fully dedicated to basically pumping the shit out of it,
not just like an offhanded mention,
then maybe that might have a bit of an impact.
Trump,
yeah,
I mean,
he's got a good base.
Like he might.
But again,
like those types of pumps,
they're,
there,
those are temporary,
um,
you know,
the current,
it's like the current thing,
but for like a,
a stock or,
or,
you know,
like it's people just buy based on that
current episode. And that's not kind of really the attention that I care about when it comes
to price pumps. It's more, is this a meaningful thing that it will actually have long-lasting
implications? And that's why I like kind of, to Dennis's point earlier, these sneaky announcements
that, well, not sneaky, but like they're just these sleeper announcements that their impacts
are going to gradually bolster all of the infrastructure around Bitcoin and just make it
resilient as hell.
And I think those are the bullish things.
I think if Trump's first tweet back on Twitter is Bitcoin only, that might move the price.
Yeah, that's fair.
I think that could be.
puts Bitcoin in the bio.
Yeah.
But it might also result in, you know, it might even out because his base may be stacking
and then a bunch of like just knee jerk.
Well, if he likes it, then I'm dumping it.
Kind of people would probably even out.
It's just, it would just be a polarized partisan like evening of political weight behind Bitcoin,
which would be unfortunate.
I think there's one man who can really pump the price.
His name is Jerome.
Yeah.
He could.
He's got the keys to the print.
He's got the keys to the printing room.
Yeah.
Yeah.
I'm,
it's,
again,
everybody's treating Bitcoin like a tech stock right now,
which is,
I guess that's,
that's also like a sleeper,
kind of bullish thing.
But eventually that goes away.
like it's what was it bill miller uh the other like i think just today or yesterday was on cnbc or msnbc
whatever it was with his bitcoin hat on like in the midst of like we just had a 30% dump
and he's like chilling with a bitcoin hat like doing interviews which is like that that kind
of sentiment where it's like these guys that their entire careers are
built on preserving the purchasing power of their capital and they're not shaken whatsoever
by a 30% price dump inside of a week.
And they're like, yeah, go on CNBC with a Bitcoin hat.
Sweet.
See you there.
Like that's the kind of stuff that, that again, like I've got conviction because I've been
around the space and I feel like I have a decent understanding of what's going on.
But when I see people, again, whose jobs it is to preserve capital that aren't phased whatsoever by this, then it further strengthens my conviction.
Guys, I'm going to round it up here.
We've had a good rip.
We've had two hours here.
So if I kept you longer, I apologize.
But let's just do a quick round of final thoughts.
and then also I'm going to challenge you to not only give any final thoughts that you may have,
but a recommendation of something that people should check out,
whether it be a podcast you listened to recently that you liked,
a book, an article, really anything, anything that you found useful in your Bitcoin journey
that you think people should check out that they might not have seen already.
So on my end, final thoughts, again,
just appreciate all of your time.
I love having so many awesome guests on here and just come and chat and have their
unique perspectives on Bitcoin and what it means to them.
And in terms of content, I'm just going to kind of stick with my theme for being bullish
this week.
I highly recommend that people go check out that tutorial on the Seed Siner, even if you don't
plan on building one yourself, which I do recommend just.
as a learning tool, even if you don't end up using it for how you actually, you know, secure your
Bitcoin. This is a really unique thing in learning Bitcoin and learning like public and private
keys and all of that. It's such a cool and unique tool. So yeah, highly recommend. Just go back
and check out. It's the last video that I put out before this one on.
Seed signer. So check that out. But I'll rotate. Pastor Kline. You're up. Any final thoughts for the day and any recommendations you might have for people.
Yeah. So glad to be on the podcast. Really is a tremendous privilege. Thank you so much. And for everyone who was a part of it, you guys are awesome. I love you guys. Aside from the church of Jesus Christ, the Bitcoin community has been one of the most, I know there's a lot of talk about Bitcoin.
maximalism and toxicity and really has been one of the most embracing and loving communities,
even though it's only online.
I feel the love.
And I love you guys and I pray for you guys.
And as far as a resource, not necessarily a Bitcoin resource, but there's a book I
recently, I listened to a lot of books as I'm working and stuff.
There's a book called The Maker versus the Takers, what Jesus,
said about social justice and economics.
One of the best books I've ever heard on the teachings in life and ministry of Christ and the economics,
his economic teachings and the economics of the first century and how that led to actually his crucifixion and stuff.
So if you want to learn about what Jesus says about economics, that book is really good.
And if you are a Bitcoin or it will resonate with you tremendously.
So check that out, The Maker versus the takers.
Great book.
Love you guys.
God bless you all.
Thank you so much.
Jesus is the way.
The Bitcoin is the way.
And yeah, I'm going to sign off, put my kids to bed.
But thanks a lot, guys.
I love you all.
All right.
Cheers, man.
Thank you for being here.
Take care, Pastor.
Good to meet you.
Gandalf, I will pass it to you.
Dude, any final thoughts?
and if you have anything to recommend for people.
Yeah, I think my final thought is just during these times,
it's just, you have some perspective.
I think if any of us had been told, you know, two years ago,
yeah, if any of us had been told two years ago
that today we would be at 30K in a bare market
with all the stuff that's gone on,
any of us would have signed that contract
to make that happen.
and we would have been over the moon.
So, but yet here we are, you know, a lot of people not feeling great about the price
because it's not 50AK, right, Dennis?
100%.
Yeah, so to perspective, sometimes things in Bitcoin happen way faster than you expect.
And then there's other things that I think maybe happen slower than we'd like.
And then just in terms of a resource, I'm going to just follow your lead, Ben.
I think if anyone wants to learn more about how Bitcoin works, I've been reading, mastering Bitcoin by Andreas Antonopoulos.
I think a lot of people maybe think that book is like for coders or whatever, but it does have a little bit of code and stuff.
But it's really just to explain to you how Bitcoin works.
I'd highly recommend that if you want to gain a deeper understanding of the protocol.
Awesome. I love that. Great.
Thanks for having us on. Really appreciate it.
Yeah, no worries. Thanks for being here, man. Dennis, you are up. Any final thoughts and recommendations?
For sure. Yeah, first, I just want to thank you, Ben, for bring me on. This is awesome.
And you had really great guests on. Thanks, man. Kudos. Kudos for that.
Yeah, a lot of what I'd probably say is what Gandalf has been saying. It's just sort of like, yeah, this is,
the time to build, to learn to do whatever it is you wanted to do just because of the age we live in.
And yeah, I mean, if price doesn't go up for the next like year, two years, whatever,
at least I won't distract you from, you know, whatever it is that you're working on.
So that's something to think about.
And yeah, that's pretty much it.
And if you wanted to check out, I don't know, like another resource, probably BTC kindergarten.
I don't know if you guys have heard of them.
Yeah.
Yeah, they're fantastic.
Yeah.
Don't bring your kids on there.
But it's a ton of fun if you want to connect to other Bitcoiners.
That's where I guess that's where I started.
Yeah.
When I started to really reach out to other Bitcoiners just to get their perspective on, I don't
know, what else is going on.
And yeah, this dip will pass just like all the other dips.
Don't know how long.
But at some point, you know, we're going to have more people onboarded and there's not,
there's just not enough to go around after a certain point.
Yeah, agreed.
Awesome.
Well, gentlemen, thank you very much for being here.
I appreciate your time.
And again, shout out to everybody in Bitcoin Lake and past for Bitcoin for being here as well.
Yeah, it was a great chat.
We had a good rip.
Two hours and ten minutes, solid.
So, guys, thank you so much.
Appreciate your time, and you're welcome back anytime, of course.
Thanks, Eden.
Thanks to everyone who tuned in.
Awesome.
Thanks, good.
Cheers, guys.
I'll see you later.
Awesome.
And everybody's still watching.
Thank you so much for being here.
This is a good one.
This is a good, nice long rip here.
Appreciate your time.
Appreciate everybody in the comments as well.
Thank you for being here and chiming into the conversation.
If you want to help with the show, again, you can, of course, like, subscribe, share, all those things super important.
You can hit up the previously mentioned sponsors down below, Shake Pay, Ledden, BitRefo, Keystone, Bill Fottle.
They're all down here.
Also, check out that Seed Siner tutorial that I dropped on Monday.
Highly recommend.
And if you really liked what you saw, you can always drop me a tip at my strike page.
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And with that, I'm out.
Have yourselves a wonderful day or evening
wherever you may be.
I'll see you guys next time for your daily session.
Hodel by Bitcoin.
