BTC Sessions - WHY ARE WE BULLISH? Lyn Alden, Maya Parbhoe, Max Keidun ep433
Episode Date: August 9, 2024FOLLOW TODAY’S PANELISTS: https://x.com/keidunm https://x.com/MayaPar25 https://x.com/LynAldenContact BOOK private one-on-one sessions with BITCOIN MENTOR! Learn self custody, hardware, multisig, l...ightning, privacy, running a node, and plenty more - all from a team of top notch educators that I've personally vetted. https://bitcoinmentor.io/ JOIN OUR AFFILIATE PROGRAM, EARN BITCOIN FOR REFERRALS! https://bitcoinmentor.io/affiliate-registration/ 💪 SUPPORT THE SHOW: Use The Bitcoin Well - my favourite self custody bitcoin platform in Canada and USA! They offer KYC free accounts, 1% spread, no on-chain fees and tons of other incredible features. Check them out at: https://bitcoinwell.com/btcsessions COINKITE offers the BEST Bitcoin hardware on the market. Use this link to get 5% off anything in their store: https://store.coinkite.com/promo/BTCSessions HODLHODL is a NON-CUSTODIAL, ANONYMOUS solution to stack sats peer to peer! Buy and sell Bitcoin while maintaining privacy. Sign up and try it out today! https://hodlhodl.com/join/BTCSESSION Speedwallet - your one wallet to send, receive, shop & earn. Simple, fast and convenient! Download now, use code this link & get 5,000 SATs on your first transaction. https://www.speed.app/sweepstakes-promocode-btc/ DEBIFI is a non-custodial Bitcoin backed lending platform with institutional grade liquidity providers, loan periods of up to 5 years, and no rehypothecation of your funds. Find them at: https://debifi.com/ #crypto #bitcoin #bitcoinnews #finance #economy
Transcript
Discussion (0)
What is going on? Everybody, welcome to the show. Another Friday, another episode of Why Are We Bullish. I'm on the road right now, smack dab in the middle of my road trip. I got another nine days or so, then back home and then off to Baltic Honey Badger, which I'm very, very excited about. But we're still doing the show. We're still bringing to you. We've got an awesome, awesome panel today. Very excited to have them all. I hope you guys are having a great week as well. Of course, this is live. Anything can happen. So I defer.
to my friend Bill here.
We'll do it live.
Do it live.
I can write it and we'll do it live.
The thing sucks.
Yeah.
If you have not already, please do like, subscribe, share all those things.
They help a ton getting this content in front of more eyeballs.
I am Ben with the BTC sessions.
This is your daily session.
Before we bring in our guests, let's take a quick look at where we are in the market right now.
I am pulling up time chain calendar.
dot com and simultaneously I'm going to bring up that live chat over on the right hand side of the
screen everything you're saying there from here on in is live for the world to see for better
or worse over at time chain calendar we're sitting at 60,629 dollars per coin a single US dollar
will snag you 1,649 sats in terms of fees five sats per byte next block and in terms of
Bitcoin mine 19.73 million that is 93.98% of the total supply we're going to give a
Quick shout out to our sponsors of the show.
We'll be back in one minute to bring in our guests.
Mission to enable independence by being one of the easiest and quickest ways to purchase Bitcoin in Canada and the U.S.
The best part about it, every buy goes directly into your own self-custody.
They never hold your coins.
You can add a Bitcoin address as part of onboarding.
There's a transparent 1% spread, no hidden fees, no withdrawal fees.
Plus they have KYC free sales and bill payments on.
their website. They're also a publicly traded company under the ticker BTCW on the TSXV. Check them out
over at Bitcoinwell.com. Check out my full tutorial on how to use them. And you can check out the
links in these show notes down below and sign up today. It allows you to borrow against your Bitcoin
in a non-custodial way. Collateral is held in a three of four distributed multi-sig with trusted
parties. It provides institutional liquidity providers, loan periods of up to five years with
flexible conditions and the best rates.
And best of all, no rehypification of your funds.
If you want to check them out today, head over to debify.com or hit the link in the show
notes down below.
All right, and we are back in.
It's time to bring in our panel and get bullets with everybody.
So I want to welcome to the stage.
Max, Lynn, and Maya, and let me make you guys a little bit larger.
There we go.
Thank you guys so much for being here on this show.
And let's kick things off with a round of.
intros for anybody that may be unfamiliar max i'm going to toss it to you first can you let people
know who you are and what you do i'm ceo debify obviously i run the company and i'm advisor to
hoddle hoddle used to run that company and i'm also organized about a honey major which you
already mentioned so that's quickly about me awesome well i'm stoked to be there and glad to have you
on the show i think the last time you're on was that the christmas show yeah that was a christmas show
show. I think it was two years ago.
Long overdue.
Long overdue.
Yeah.
Awesome.
Awesome.
All right.
Well, we'll toss it down to Lynn next.
Lynn, welcome back to the show.
Can you give yourself a quick intro as well?
Sure.
So I write at Lynn Alden Investment Strategy about finance in general, including about Bitcoin.
And I'm a general partner at EcoDeath Capital, which is a Bitcoin-focused venture fund.
Awesome.
Well, I'm glad to have you back.
And thanks for,
And thanks for taking the time.
And finally, we'll toss it over to Maya.
First time on the show, can you please give yourself an intro?
Thank you for having me.
My name is Maya Farbo.
I'm CEO of Daedalus Labs, founder of Bitcoin Surin, which is the Bitcoin community in Suriname and the circular economy.
I've been a bit coiner since 2015 and running for office here in Suriname.
Awesome.
Awesome.
Well, thank you guys all for joining again.
We're going to be diving into the show here.
And for anybody that's watching and you're unfamiliar, maybe this is your first time here, I'll give a quick rundown of what's up.
This show is called Why Are We Bullish?
Really simple premise to the show.
Each one of us has come with a reason for being bullish in and around Bitcoin.
And this can take any form that we please.
It could be a personal experience.
It could be a news item or maybe a book that we've read or maybe an app or a device.
anything goes.
And so the flow of the show is, number one,
somebody's going to drop their reason for being bullish.
This is their chance to rant and get off their chest,
whatever they're currently buzzing about.
Number two, after that person gives their reason,
altogether we're going to riff on it.
We're going to comment, add questions,
go down whatever rabbit holes we decide to,
and then finally we will rotate until each person has had a turn.
So reason, riff, rotate, simple.
And my number one tip to all the guess is don't drop your reason for being bullish early.
Make sure I ask you why you're bullish.
Otherwise, it can get a little awkward if I go to ask you.
And you've already kind of blown your reason before the time.
But with that, we're going to get us started here.
And I'm going to, with my reason for being bullish here, I am, as I said, I'm on a
road trip here on Vancouver Island. And Vancouver Island is, it's the size of some small
countries, but it has a population of around 800,000 people. So it's very sparsely populated.
And we've been kind of traveling around with the family and hitting a bunch of smaller towns.
And one of the towns that I was just came from yesterday, actually, is called a ukulet.
And it's a small, I'd say even village on the side, on the Pacific side of Vancouver Island.
Very few people in this area.
Tafino a little bit north of there, maybe more tourists, but Eucolid is quite small.
And in fact, the population of Eucolet, I just took a quick peek, is 1,000.
700 people. So barely anybody there. However, the other day I wandered into the laundromat there to do up some of our laundry and get ready for the next leg of the trip. And lo and behold, I look at the bulletin board. And this is on the bulletin board in this town of 1,700.
people and this is a flyer for Bitcoin education come learn about the best form of money humankind has ever seen
which is happening today unfortunately I couldn't be there for the meetup but just a flyer
unbeknownst to me that this would be there as i'm doing my laundry in this small town of 1700 people
and even there uh even there bitcoin has reached its tendrils into this little town and so my reason for being bullish
this week is the fact that there are so many little pockets of bitcoinsers in all corners
of the globe. And there are individuals that even in small towns maybe where there's not going
to be a lot of people that turn up to things like this, they're still taking the initiative
to reach out and help educate people and kind of point people towards this.
this fun little monetary revolution that we're all a part of.
And I tweeted out afterwards.
I was trying to find out who was organizing it.
And so obviously, Bull Bitcoin here in Canada has been helping with a lot of local
initiatives and everything.
And so they were helping with this one.
But the girl putting it on, her name on X is Empress Nakamoto,
or Fiona, but she is a bitcoiner.
She's been a bitconer for the past four years and has never met another bitcoiner in person.
And so she's, I shot her a voice note and said, sorry that I can't make it to the meetup,
but I, you know, I really appreciate the initiative that she's taking and doing this.
And so again, my reason for being bullish is just the fact that so many people,
people when they come to Bitcoin, they feel so moved by it that they have to do something.
They want to be involved in some way, shape, or form, whether it be starting a company or starting
something as simple as a small meetup and creating or going to events.
I love that people will go that extra mile and say, if there's not something where I am, then I'm going to be the one to
do it if not you then who and so i i see this all over the place i'm you know i'm happy that we're
doing it in my hometown with the sat market and creating a local circular economy but i just love the
passion of individuals everywhere that are are taking that initiative so that's that's you know it's
it's a simple little reason uh based on a a fun little flyer that i saw the other day but that's why i'm
excited this week. So I'm curious, I'll pause it to you guys. Are there any initiatives that you
have come across in the past few months or the past year or anything that leap out to you as
something that you're interested in or something that has kind of come across your purview of
somebody taking the initiative to build a community in and around Bitcoin? And whoever wants to
jump in can. Well, yeah, I'm going to start probably. So I was, I think that in terms of
community building, I was recently in Lugano, which is they have this plan B initiative. I was
lecturing in a business school, shout out to Giacomo. And actually, I was amazed by the amount of work
they're doing there locally and by the amount of, you know, good services, whatever you can buy,
you can trade, you can do with Bitcoin in that part of the Switzerland, particularly.
And they're actually building an amazing community out there.
They're building a huge Bitcoin hub out there.
And in terms of community involvement, I think for me personally, that's one of the biggest
highlights of the past few months.
So that's my take on the community building.
That's awesome.
I am going to be out in Lugano for the first time later on this year.
So how did that come about the whole Lugano thing?
Are you familiar with how that started?
I think Taser, they have partnered or come together with the local municipality of Lugano, mayor of Lugano,
and they have started this Plan B initiative.
And they started to opening this providing opportunity to buy and sell goods with Bitcoin and Thessar across the city.
And now basically you can do everything in Logano with Bitcoin.
Furthermore, you can pay your taxes with Bitcoin.
Furthermore, you can incorporate a company with Bitcoin or with USDT,
which you successfully did with Devify.
So we're now incorporated in Lugano, which was pretty easy, you know, comparing to other types of incorporation when you need to bank account, fiat, et cetera, et cetera.
So four years, they have been building this with all the conferences and all the stuff.
And I think they're only starting doing this.
So, yeah.
That's really cool.
I'm excited to see it.
And again, as a person who's been kind of earning and living on Bitcoin since 2020, I'm,
all keen on being able to spend my sats over there.
So I'll put that to the test, I guess.
Well, I'll Lynn or Maya, I don't know if you want to dive in here, any initiatives that you've seen that you're excited about or if you want to tag on to the Lugano or anything else.
It was actually pretty inspiring to go back to El Salvador in April after three years, you know, after they made a legal tender and just seeing the contrast from then.
and what it is now and just how people, their attitudes have changed.
You can just see it like in a general population,
even though they don't accept Bitcoin everywhere,
not everyone uses it.
But you can see that people are hopeful.
I think that is the most impactful change that I saw there,
where there was less fear.
You know, people were less concerned,
like constantly telling me to be safe or not walk around alone.
Instead of that, it was more hopeful.
and everything felt kind of normal and open,
and you could just go anywhere, basically.
And just seeing Bitcoin Beach change in those three years,
that is amazing, just the impact what Bitcoin can have.
I've got to say, April was my first time in El Salvador as well.
And we never fully, I think we were in the general vicinity of each other,
but we never really got to speak much while we were down there.
So unfortunately, but I'm sure that,
We'll get to see each other face to face soon enough.
But, yeah, Bitcoin Beach was cool.
You can tell that something is happening there in terms of, like, it's growing quite a bit.
Like the amount of construction projects and things that are happening in that particular area,
I've made sure to take a picture of kind of the beachfront so that I could compare that in a decade and see kind of what happens.
from now to then because it seems like things are on the cusp of changing quite a lot.
And I will say that in Bitcoin Beach, I didn't touch Fiat the entire time for anything while I was there.
Obviously, you know, other parts of the country or in the city, you can live on Bitcoin,
but you would just have to be cognizant of where you're going to be getting everything that you need.
But I mean, I figure that's to be expected.
Like you don't flip a switch in the entire country immediately is all accepting Bitcoin all at once.
Like it's going to be a gradual process.
But there's a lot of interesting things going on there.
And I really like especially what me Premier Bitcoin is doing in the schooling system there.
I got to go to one of the graduations, which was really cool to see and quiz some kids on Bitcoin and Fiat.
as part of their graduation and yeah really really enjoyed it so i hope to go back again soon
yeah um lynn have you have you been down uh to al salvador i have not i'd like to get down there
eventually um i've most been going to the events in north america um or in um sometimes europe
but not as many in europe either um so i think to riff on that a little bit is there's no one
conference that kind of, you know, I think is like it's like nothing of kind of top of mind,
but it's the fact that how international it is compared to what it once was.
So the fact that there's so much attention on, say, the Bitcoin conference and like,
you know, all the politics there and everything and all the media questions kind of focusing
on that. Whereas I find just much more interest in the fact that there's just, there's countries
all around the world doing doing Bitcoin events now, big or small or medium.
whether it's Indonesia, whether it's the Africa Bitcoin Conference,
whether it's like you mentioned that little event on Vancouver Island, for example.
The kind of rise of all these little Bitcoin hubs, I think,
is one of the healthiest parts of the ecosystem.
So people are all focused on things like, you know, like big custodians
and whether like ETFs and whether nation states should adopt it.
That's all like on one side of a discussion,
but I think all these like smaller grassroots things,
things, that's really like the, that's the roots of the whole space.
And I think that that's the blossoming of that just over the past few years has been really
remarkable.
Yeah, I think that's where the real progress gets made.
I mean, with, I mean, Bitcoin from its infancy, the whole idea behind it was, was bottom up.
Right.
Like nobody, you couldn't go to the powers that be and say, you know, Satoshi didn't go and say,
hey, I'm going to create a currency that competes with the U.S. dollar.
Can I get permission to do this?
No, it was, we're going to make it.
It's going to happen.
And, you know, the world at large will have to then grapple with the fact that it exists.
And the same kind of thing happened with Bitcoin Beach.
It just came to fruition.
And luckily, that was in a jurisdiction that became friendly to it.
But either way, it had to be grappled with.
This thing exists.
this community exists, how are we going to handle that?
And you're right, like all of these little microcosm,
these tiny little Bitcoin communities that are popping up around the globe,
that's really a difficult thing to stamp out.
And I hope that there's more and more of them.
And that's, again, that ground up when you've got, you know,
all these little communities popping up within, even within a single country.
and people are starting to use and live on Bitcoin day to day,
it's really difficult to say you're not allowed to do that anymore.
It's really difficult to stamp that,
especially when you are familiar with and have a relationship
with the vendors and the people that you're actually using the money with,
I think that's the strength of Bitcoin.
Yeah.
But with that, I'm going to, I suppose, put a little bow on my topic here,
But I will finish that topic by saying if you're somewhere that there is no Bitcoin meetup
and you're in search of something like that, again, take a page out of Fiona's book
who organized the meetup this evening in Eucalyte on Vancouver Island.
And if there's not one there, start one yourself.
If not you, then who?
So with that, we're going to do a rotation.
And Max, I'm going to toss it to you first.
And I'm going to cue you up with the same question everybody gets.
Why are you bullish?
Well, I'm actually bullish on Bitcoin because HoneyBedger doesn't care.
And the reason for that is actually that Bitcoin price gives zero fucks about politics and politicians.
Because even if the presidential candidate gives a very positive friend on the recent,
event in Nashville, which was amazing event overall, and Bitcoin price doesn't give a fuck about that.
This actually makes me very bullish because I think Bitcoin should be apolitical.
Of course, like we're entering the mass adoption stage and, you know,
everyone is willing to use Bitcoin as their campaign motto or whatever, but I'm actually
really bullish about Bitcoin doesn't give
doesn't care about what politicians say it just acts as a Bitcoin.
You know, whether you're saying good things or bad things, the price just moves as it moves.
And again, Honeybetter doesn't care.
I'm pretty bullish about that.
And I think the second thing, which goes from the first one, is that suddenly Bitcoin as a hot topic is on the table of most politicians out there.
everyone wants to, you know, add some comments, some feedback, whatever, to be in the stream, to be on a hype level.
And I think that's also very bullish. So overall, it's pretty amazing.
I like that. It was a quick turnaround from, I don't want to say begging, but it was a quick turnaround from,
kind of asking politicians to pay attention to us and treat us well to seemingly some politicians starting to turn around and say,
hey, maybe I should change my policies to be more favorable to this large group of people, this growing group of people.
And that's an interesting thing. And I know that it's not across the political aspects.
spectrum yet. But I think it will be. I think that over time, um, Bitcoiners as a whole,
there will be more people that, uh, see it beneficial to cater a little bit to those that enjoy freedom
money. Um, and, and make sure that, uh, you know, Bitcoiners are super upset with policies or don't find, um, you know,
your party in government as a hindrance to them.
And I think that this will continue that way over time.
Obviously, we're nowhere near out of the woods, but it's an interesting shift.
It seemed to come a lot earlier than I expected where politicians are trying to sway voters their way by being friendly to Bitcoin.
a weird concept for me. I'm curious if the rest of you feel the same.
Yeah, I think one of the most bullish things from the conference was,
even though a lot of the headline speakers were Republican, there was also a Democratic
presence there as well. And then during the conference, over a dozen Congress people in
the Democratic Party wrote a letter to the DNC saying, our party has to be better on this
topic. We have to embrace this industry better than we have, because clearly they don't want to
cede that to the other side. And I think that's, that like is, was not as big as, say, the headline
speakers, but I think that's actually the fact that both sides are now kind of, at least partially
engaged, I think is super hopeful. Because if you have a majority of one and you have a minority
of another, it makes it easier to block really draconian things that could happen or basically there's a
pretty strong foothold there to let people keep building.
Lynn, I'm curious.
What do you think the reason is that we saw that, you know, we've kind of currently
seen the right end of the political spectrum lean into Bitcoin first before the, the left side?
I think, I mean, if, like, if you go to like a gold conference, it'll lean right as well.
I mean, kind of appreciation of hard money is, for whatever reason, tends to be more on the right, maybe, because especially that small government type conservative, you know, the idea that you have money that's not issued by a state is attractive to them, whereas that's generally less kind of foundational for a lot of parts of the left. There are obviously some parts of the left that like that. I also think the environmental fud over years probably played a role there, at least in the United States, the, the, the,
Democratic Party cares more about that topic.
And so the fact that for many people,
they viewed as like energy guzzling, inefficient,
they clung on to that narrative.
And then people, when they say something publicly,
it's hard to then pivot from it.
If they had previously believed all that research was real
and it was like, oh, look, it's really bad,
spoiling the oceans.
It's hard to walk that back.
So I think it just takes time to get a little bit more embraced.
Yeah, fair enough.
And I want to ask Maya as well, because I mean, obviously, Maya, you're running for office.
So you see something there.
What's your take on kind of the political leanings in and around Bitcoin and this new interest in it from politicians?
Well, to be honest, I've been lobbying for Bitcoin here for 2017 publicly, right?
At the conferences, with government and just trying to get adopted in the same way as it was in El Salvador.
And then that's why I also flew to El Salvador in 21.
And it's helping a lot.
Because people can actually see the impact that it's had on the economy there.
People are a lot more receptive to it now.
But I was a Bitcoiner before I ever decided to go into politics.
Like this is all Samson's fault.
Like I was not, I was anti-government.
I'm anti-government.
I want to have at least, you know, the least amount of government involvement into people's lives.
We want to reduce the size of government and government overreach.
And I saw Bitcoin, when I read the white paper, I saw it as a solution to all of the problems, you know, I myself face in this country.
And I, like the struggles that I face with, you know, with politicians here, with corruption here.
Like my dad was murdered because of corruption in this country, because of one of the banks here.
So just from personal experience, I saw it as a solution to fix every problem that this country has.
And for the last six years, you can actually see that it touches like every asset or facet of this country.
It touches energy.
It touches its mining.
We have, you know, a bauxite mine that they want to develop where they need a hydrodham for.
But it would be much better if we do it for Bitcoin mining.
We don't have a capital market.
It's an Excel sheet that goes around on the laptop once a month right now.
So no existing capital market, no lack of financial infrastructure.
Financially isolated, our banks are very, we have one correspondent bank that they're able to work with.
We don't have visa, a master card, no payment rails.
So I saw Bitcoin as a solution to, you know, the problems that my country was facing.
And, you know, being anti-government, anti-establishment, you know, usually on the other side as a political activist, coming out against corruption, it's funny for me to see, you know, someone like Trump going on stage and talking about Bitcoin when a few years ago he was saying that it was, you know, dog shit.
And not like I listened to the speech but halfway through I kind of popped out because I
it doesn't feel like he actually understands what he even you know what he's even talking about
like I have a node running right here you know next to my foot and I've been in this industry
or been in this industry I've known you know Bitcoin long enough to actually be able to understand
what it means and what it could potentially mean I want to take it a step further
than using it as a reserve or like a part of our national reserve because that's like that's
even still the same thing that is not what bitcoin is right you're using it as a part of the central
banks reserve like the genesis block was specific very specific with that that news article
banks are getting billed out again this is exactly the system the fractional reserve banking that
we're fighting against. So I see an opportunity here because of the lack of infrastructure and
because of the problems we're facing also with our currency, very small, agile, we have a lot of
natural resources to be taking a step further than El Salvador and replace our currency with
Bitcoin. That's exciting. I mean, it's it's it's one of those instances where it seems like the
the lack of infrastructure could be a net benefit because you just kind of get to leapfrog a little bit, right?
You don't have to go through the landline stage to get to mobile phones, that kind of deal, right?
So you get to leapfrog the banking infrastructure instead.
Now, just to be sure, you're telling me you're not going to pick up the next drop of Donald.
Trump NFT cards. Is that correct? That's not in the cards for you? Okay.
Oh, fuck no. Just wanted to make sure I wasn't positive, but yeah. Yeah, I mean, it is
so the it's it's interesting because I'm I'm wondering and maybe I'll get Lynn and Max's
thoughts on this as well, but it kind of seems like
When it comes to individuals, other than kind of the us weirdos that have kind of come in in the middle and gotten this thing over the past few years, it seems like people that are kind of at the far ends of the spectrum in terms of wealth disparity seem to gravitate towards Bitcoin earlier.
What I mean by that is the people that don't have a lot to lose by trying a new thing, you know, that maybe are in a place where their currency isn't working for them well, like hyperinflation or where they're just cut off from banking, they seem to get it earlier.
And then on the far polar opposite end of the spectrum, the people who are actually quite well off whose job it is to preserve purchasing power are also starting to get it a little bit earlier where they're going, well, where am I going to put my capital to preserve that purchasing power?
And then it's kind of working its way inwards.
Of course, again, barring some of the early weirdos that have found our way here.
But I wonder if that might be the trajectory of nation states too.
Like if it's going to be the ones that don't have a ton to lose by trying something new
and the ones that have the most to lose, I feel like that may not be expected,
but we're kind of seeing it play out in the U.S. right now at a much earlier stage than I would have assumed.
I would have assumed it would be plenty of other countries looking at, you know,
know, ever mentioning anything about Bitcoin as a strategic reserve, I never thought I would hear
those words out of a U.S. politician, at least like this election cycle even. So I don't know.
What do you guys think about this kind of like edges in words idea?
Yeah, it's like, for example, here, you know, here you're on the other end of the spectrum.
We have a currency that doesn't work for us. We have a central bank that doesn't work at all.
It doesn't even function as the traditional central bank should, no capital market, like our economies is completely dependent on royalties.
So we're on the complete other side of the spectrum, but because basically, yeah, we don't have that legacy financial system, you know, as robust as it is, for example, in the U.S.
And because we have a small population, I think we can be more agile and be more fast to adopt.
And I think similar to, you know, not America, the global south, that is where innovation is going to happen.
That is where over the next decade, most of the technologies and innovations are going to be developed because you have that gap, right?
That development gap.
And I see us leaprogging, but in the future, I would envision, I envision Bitcoin just being global money.
It just, like, no bricks, no U.S. dollar or as a reserve currency anymore, but just Bitcoin being the ledger, basically, that the world lives on.
And if we as a country can transition to that before, like, yeah, it doesn't even matter if it's before or after it, as long as we do it, we can actually be a fertile breeding ground for more innovation, for change that maybe can inspire the rest of the world.
or be the foundation of a future that I want to see.
You know, not a future that it's so very,
it's like we're living in dystopia at the moment.
At the brink of World War, of riots all over the world,
there's so many discrepancies and so many things that are happening at the same time.
Like we're living in a movie, but it's not one with a happy ending.
So I think we need to start chisling away at building that future,
where we actually, where the whole world has a happy ending.
So I think it is important that countries like ours, but also the US, of course,
is important that we start adopting Bitcoin and building what we need on top of it to actually
form a government.
Like for example, in ours, my goal is to be irrelevant, to privatize as much as I can, automate
as much as I can, have government spending be transparent, having our people be able to use
Bitcoin or an import economy anyway, our currency is useless.
To make myself completely irrelevant, but things will need to have to be built,
to be able to have infrastructure, for example, publicly tendered or transparently tendered online and using Bitcoin at its core.
Like for so much things, we still need to build an infrastructure for it.
And I think this is where that transition happens.
And hopefully we can be one of the first to do that.
Yeah, absolutely. Lynn, I was going to quickly ask you, how much weight would you give the idea, like on the other end of the spectrum, how much weight would you give that strategic reserve idea? Like, do you think they get anywhere close to doing that at any point in the future here? Or is that just like a pipe dream?
My guess is that this election cycle will probably won't see it.
I don't think, for example, like, Llamis has the most kind of like thorough description of how to do that.
So she's submitted an actual bill to do it rather than just kind of talk about doing it.
It seems probably like that passing is not super likely.
But I think it's useful.
One of the things I said on another podcast recently was that the fact that politicians are sitting there discussing a strategic reserve for Bitcoin is great.
because it means they're not doing other things about Bitcoin.
They're not, like, they're not, you know, figuring out how to block it or how to go after
Bitcoiners.
Unfortunately, there still is privacy issues that, like, you know, some of their, like,
not the politicians themselves, but, like, just deeper in, you know, like their Department
of Justice and stuff goes after people just for kind of seeking privacy.
But on the political level, at least, the fact that they're all talking about that is great
because it just gives more time for the ecosystem to keep building.
So I don't really care too much if they end up doing a strategic reserve in the next few years.
I think I would lean toward probably not that likely.
But I'm glad that that's what they're focusing on.
Yeah, yeah, if we can pull the focus.
If we can get a little bit more runway, then maybe we can build up enough tools that will be completely irrelevant anyway.
So, yeah, yeah, awesome.
Well, I think Max, you're pretty on point with your bullishness then.
Yeah, you know, Honey Badger doesn't care and it will continue to proliferate around the globe regardless.
It's still like it's still words, you know.
You can say like politicians, they do that for a living.
They say words, you know.
Words doesn't mean actions.
So you get them. And referring to your comment about the spectrum on the country level, I think it's too early to say that because we have like we have a couple of examples like El Salvador used to be a very poor country.
Adopted Bitcoin pretty pretty well, but there's also a political will of president, you know, who changed a lot in El Salvador. And again, there's different opinions, whether it was good or whether it was.
bad, but, you know, there's always a certain person or a set of person who is doing some
stuff.
In many poor countries, there's no political will.
They don't care.
There's high level of corruption, and they're just happy like it is.
So there's like less than 1% of the people who own 90% of the wealth of the country,
and they're happy the way it is, right?
And then you take a US where, you know, politicians started to talk.
But they're starting to talk about it, not because they suddenly researched that stuff.
Most of them didn't that.
So mostly there are two things why they started to doing that.
First of all, it's election campaign.
So they need to gather donations, more people who will vote for them.
And the good thing that they understand that Bitcoiners is becoming obviously stronger power.
and the power that you need to like you need to care about them as well.
But I think the major thing is that Wall Street people and money, huge money from Wall Street
are started adopting the Bitcoin.
And in US, I think politicians largely followed the money.
So it's pretty much interconnected.
But then again, on the spectrum, you have like countries that are not poor and not huge as
US.
Like again, my favorite example.
is probably Switzerland, which is like 10 years ahead in terms of regulation.
And you know, you go outside and certain cantons go outside of the train station and there will be a
cantonal bank, which is like a local government bank, which will have a huge poster on the train
station saying, you got Bitcoin. Come to us. We'll open your own account. So that's an amazing thing,
you know, Ben. You can go to the bank. You can deposit your Bitcoin. Again, it's because
custodial and I'm completely against that, but that's already a step forward.
And that's a pretty amazing example out there.
And that's not a country that is poor, but it's also not a huge country in terms of GDP power,
if you will compare it to the global economy.
Yeah.
Yeah, that's fair.
To add to that point, one thing we've kind of seen is that whether it's companies or countries,
when there's kind of a small number of decision makers that can just do something,
Like because, you know, like in a normal publicly traded company, even the CEO is not like they don't own a big share of the company.
They're mostly caring about their like, you know, their stock options and things like that.
Whereas like in say microchategies case, the actual founder was was still the CEO and obviously owns a big percentage of the company so can think 10 years ahead and can put significant changes in.
That's why I've seen a lot of small businesses have adopted Bitcoin because, you know, only one or a few key deciders.
And then when you go to, you know, using El Salvador as an example, or Kingdom of Bhutan or Switzerland, some of these smaller countries, whether they're impoverished or whether they're wealthy, the fact that they're just not super big, they kind of have a easier time getting through red tape and actually making a decision on something.
And that seems to be a pattern that is playing out so far, which makes sense.
Yeah, the less you have to ask permission, the easier it is to use Bitcoin.
Thus, I guess, the sentiment in and around ground up being the way to go as well.
So, yeah, no, I definitely get that.
Well, that's awesome.
Yeah.
Okay.
So I'm going to, if it's, unless anybody else has anything else to tag on, I'm going to put a bow on this topic as well.
Okay, all right.
So I'll round this one out.
We're going to do another rotation here in a moment.
I'm going to do a quick.
We'll be back in one minute.
I'm going to do our last shout out to our final sponsors.
And we're going to give away some sats as well before we dive into Lynn's topic here.
So we will be back in just a moment.
See you guys in a second.
Has some of the best hardware on the market today to secure your Bitcoin.
The cold card queue is an absolute powerhouse and is my daily driver.
And on top of this, they have plenty of other goodies including the Mark 4, the tap signer, open dimes, the block clock, and much more.
If you head over to their website, make sure you use code BTC sessions at checkout to get a nice discount.
Links are in the show notes down below.
Coin Lightning Wallet built with simplicity in mind.
Spend and receive with ease, claim your own lightning address, shop your favorite gift cards,
and even earn rewards when you spend.
Head over to speed.app to download the app on your mobile or desktop today
and use the link down below to get 5,000 sats for free
and have the chance to win even more.
All right, we are back in,
and before we jump to Lynn for her topic,
we are going to give away some sats here really quick.
I've been doing this every show.
So get your lightning wallets ready.
Anybody who's watching,
you're going to have a quick chance to win
we'll see how many sats.
Anyways, this is a Bitcoin well dashboard.
And when you do sign up or when you buy Bitcoin or when you refer friends, you earn points.
And then you can toss a coin in the well and win some sats.
So I'm going to do that right now.
And if you have an LN URL enabled Bitcoin wallet, lightning wallets, then you can scan this.
Whoever scans it first will get the sats.
So in it goes.
And 500 sats.
So whoever scans that first, you're going to get.
you'll get a little top-up in your lightning wallet.
So congrats whoever grabbed that.
And with that, we're going to dive into our next topic.
If you didn't get it, then you scrub back and see if you can grab it.
But anyways, Lynn, I'm going to toss it to you.
And I'm going to cue you up the same question.
Why are you bullish?
So I'm bullish because of the launch of FETI, the kind of the main launch.
It's been in beta mode for a while.
EgoDeth is an investor in it, but just literally as a, like, I use it
too. Like I'm excited for it because going back to my prior point around all these different communities,
it really helps when they have tools that they can custody things locally instead of, say, put all their coins in like a big global exchange, like finance or something.
You want, wherever possible, you want those coins local and the fact that they have built in privacy, I think is a really big deal.
The fact that they can add other things to it, like data storage, or,
compute kind of like a whole super app is how they they put it and basically I think that that's it's
really useful for scaling and one of the things that also showed me early on and Nostor reinforced it
is the importance of having communication with your wallet kind of like built in is super helpful
because you know as one way of putting it is that all commerce basically you're exchanging
information and you're exchanging money and so having both of those
in the same app is really useful.
So for example, FETI has internal chats that you can do
and you can attach money to your chats
or request money in the chats.
And then seeing the same action play out on Nostr,
which is that you can communicate and send money
from within the same app in many cases is super useful.
I think that basically with both of those technology stacks,
the ecosystems come a long way compared to even say three years ago.
when lightning was kind of reaching levels of liquidity that we're making it really workable.
The fact that now it's so intertwined with communication, I think is really helpful.
And one of the things I found interesting is that on Noster, for example, amid all that communication,
I think of SATs and unit of account. So normally we focus on it as, you know,
it's either store of value or mean of exchange, unit of accounts kind of the later thing,
because it's still volatile, so most people don't think heavily in terms of unit of account.
But on Nostr, it's like you get a thousand sats on your like post or something or you're giving out sats.
I always just think of that number.
I don't like my mind doesn't even try to convert it to USDA.
It's just like that's the, that's the typical environment on Noster.
And I think of it purely in Bitcoin terms.
And so that kind of set of things is what I find really bullish.
the fact that tools are coming out that empower these communities and that tie money and communication
together in a really good way. I love the Feddi app and just in general what Fedomints are
enabling. I did do a tutorial on FedI Bravo a few months back, but it seems like with the
with the official launch the other day,
there's a lot more bells and whistles that you can play with there.
And the important thing here is anybody being able to start their own mint, right?
So I'm quite excited to see this begin to play out.
And what I'll really be excited about is when I start to see other applications also implementing Fetamins in the background.
Much like the RIP to Mutiny, I'm really sad to see that project gradually coming to a close towards the end of the year.
But I hope a lot more projects consider having this as an easy onboarding mechanism as well.
Just when it comes to lightning, it's really difficult when there are high fees to get somebody on a self-custodial lightning wallet out the gate.
like they're not going to be opening a channel and doing and figuring out all that stuff out the gate.
But if you could kind of have that either as just again a community of people that you know having a mint or using a fetament as like a first step as you build a balance before hitting maybe a swap button into your own lightning channel eventually if that's the route you want to go.
That's fantastic.
But with the Feddy app, again, you've.
you mentioned it, but having all in one, this is exactly what I want for, you know,
our sat market here in Calgary to have all the merchants be able to just have like,
you know, our local community on the app and then have, you know, you can add mods in where you
say, oh, here's the link to our meetup group as long as you're part of this.
It does, they've separated out the mints in the communities now, I believe.
But yeah, you can have a community on there and say, yeah, if you're part of the community, here's the link to, say, the telegram group or the meetup app or, you know, are like here's the NPUB for the NOSR profile of the sat market or, you know, whatever you want to do. You can have all those important things there. And by default have things like bit refill for gift cards or whatever you want to put, you can just have that as the home screen. And that's the uniform experience of everybody. And then they can add in.
additional things if they like and communicate with everybody in the community all locally in the
singular app again that modularization of it makes it so convenient um i'm i'm very very happy about
what i've seen previously and and to dive in again with the official launch here is i can't wait
But I'm curious if Maya or Max, have you guys at all tinkered with anything fetamints or Maya's nodding.
So go ahead.
Yeah, yeah.
Well, actually, I met only when he started or was starting out with just at the protocol level.
And I've been housing him for years.
And we've always, you know, when I want to brainstorm with someone, he's always the person I call.
So we launched a federation here a few months ago.
for the Nova Star Soccer Academy.
It's about 800 families, 800 kids.
It's beautiful.
So I'm very excited to see how that evolved,
because I think it's going to be a big boost
for just grassroots level adoption.
And it's going to just be amazing for those families
to be able to save in Bitcoin and just be able to transact
in a way that they've never been able to previously.
So I'm very excited about Fettie going live finally
and the launch finally.
and to see how it rolls out here and the effect that it has and how it grows and changes over time
because it's not going to be static of course. And as you said, you can add mods.
So I'm curious to see what kind of mods we get developed, for example, for here or other countries
and things that we can apply and how that's how that creativity across borders is going to play out.
I'm very curious to see how that goes.
Yeah, absolutely. I didn't know that you had a, um, uh, a man.
down there for that community that's cool that's awesome max how about yourself have you dabbled at all
or is this uh no no no but i'm really bullish about the tools that bitcoins are building for
communities you know especially for you know everyone can use that uh in the merger markets and as far as
i had the conversation with obi that's one of the main uh markets for them and uh we at uh
Hodel Hodel always been very bullish about emerging markets and everything that has been built for emerging markets.
We believe that it's a great addition to all the set of tools that we have at the moment.
So I'm actually bullish about Obie finally and the team finally releasing the main net version.
And it really sounds like an exciting thing.
I'm going to try it out.
I was actually excited about the use case that they presented at one of the conferences I was attending.
you know like federation around the conference so that was pretty pretty amazing and
anything to have but we'll see how it goes overall looks very promising yeah yeah it's it's cool it's
been um it's been the the conference app for a couple events that i've been like they did it uh in
prague they did it uh in medera as well and uh and it it works pretty well especially in that context
where you can walk, you know, walk into an event.
There's a, and you can put like a time limit on how long the mint is going to be there.
But then just within within the event, it's very easy to be transacting with merchants,
especially if you're all part of the same mint.
And I think Prague had it so that it let you know, hey, this is only for X number of days after the conference.
If you leave any sets in here, we're going to donate it to the following cause,
which I think is, you know, another great way.
of going about it. But I really like, you know, also the the, the, the privacy benefits of it
inherent to that and the interoperability. I love the idea that you can be using the FETI
app, but it's interoperable with all of these other things that have different backends and
they're all kind of lightning has kind of become that glue that's holding to, you
together all of these different systems.
So like I, my original FETI video that I did, I was using the FETI app.
And then I sent a transaction to a cashew wallet and to Phoenix self-custodial
lightning, to a custodial lightning wallet, to Aqua, which actually natively uses liquid
in the background, but uses bolts to swap natively.
So like all of these different things that all the infrastructure is completely different,
but lightning connects them all seamlessly.
So you don't really notice that, you know, somebody else is holding liquid and you're holding e-cash and somebody else is holding a lightning balance in a channel.
It just works.
And, you know, that's that to me while somebody on the outside looking in wouldn't really appreciate that.
Oh, yeah, whatever.
I can just, you know, we have that experience with a point of sales today.
You go up and you tap with a debit card or a master card or a visa or a gift.
card or whatever it all just kind of works we're starting to see that with a bitcoin experience
in my opinion yeah um is anybody uh any other little thoughts in and around fetti or or what you'd like to see
out of it any um is there is there uh a use case that that pops out to anybody the the one that
came to mind for me quite a bit given that Obie came about his idea, you know, through kind of
HRF and everything. But the human rights aspect of it, I would love to see a mint with different
human rights groups and NGOs so that, again, you have those distributed keys, but you have
communities that can partake in it.
Again, with the Federation having keys in different jurisdictions, it kind of, it's a
prevention mechanism of just having the whole thing shut down.
I think that could be a unique use case.
I don't know if anybody's heard rumblings of this.
I don't know, Lynn, you've been to some of the HRF events, but is there anything
developing in that area that you're aware of?
Well, that would be really cool.
I mean, FETI did partner with Save the Children to do a trial using the product.
And one thing that I've kind of come to learn is that a lot of these aid organizations actually do use Bitcoin.
Because when they're moving money around, often in challenging environments, basically environments that need aid,
they often don't have the best infrastructure or there's other frictions.
And so sometimes they do turn to Bitcoin.
and they don't necessarily publicize that fact
because some of their donors might have bad perceptions around Bitcoin
and they might think it's bad for the environment
or they might just whatever the FUD is.
So the fact that they're just quietly using it for its utility
is like a really big deal.
And tools like this or other tools,
anything that can make it easier for them
to do what they're trying to do,
I think that that increases,
the odds that they'll actually use it.
And the more like embedded it can be in all these different organizations and all these
different countries, the better it is.
The more resistant it is to attack, you know, when it's kind of like entrenched in a lot of
people's, you know, daily lives and businesses and aid organizations.
Sorry, my mute there.
Yeah.
I think it'll, it'll play a larger and larger role over time.
And again, just the, the convenience of.
in the context of FETI having the privacy baked in along with the instant feeless transactions
within the Mint and the modularity of all those applications and being able to create communities.
I think that's super important along with all the communications.
So I'm very excited to dive into it again and start tinkering.
But with that, we'll put a bow on that conversation as well.
And we're going to do one final rotation here.
So, Maya, thank you for being so patient.
You are up next.
Now, cue you up with the same question everybody gets.
Why are you bullish?
I'm bullish on corn because of Surinum.
Just being here, doing both sides, top down, seeing so many projects,
so many possibilities, you know, from rural villages, and you just asked about a Fettie Mint, you know,
they don't have any banking access. They're unbankable. They don't have addresses. They don't have
ID or not all of them do. And just the cost for them to use SRD is the transportation just to the
city to be able to use it is more than they earn in three months, for example. So I can see,
really see it playing a role in those communities and some that, you know,
government goes to during elections but then doesn't touch for the next five years.
So I can really see it like having an impact there.
We've been working for the last year and a half on getting solar projects off the ground for
those villages and you know incorporating mining into it so that it becomes a sustainable
business model. So Bitcoin actually incentivizes, you know, the increase in capacity of their
solar grids. Things like that. The conference here in November just,
seeing education, you know, Mipri Mare take off or start here, seeing Treasur Academy start here
and seeing how people are actually engaging, that's what's making me blush at the moment.
That's awesome. I wasn't super familiar with how many initiatives were kind of happening in your region.
But that's fantastic to hear. And as you pointed out, you're a very energy,
rich area, correct? And so there's there's some definite incentives to to be integrating
Bitcoin mining where you are, correct? Yeah. So we have a we have a lot of natural resources,
gold oil. We have massive offshore oil finds. It's estimated that we have more oil than Qatar.
So starting to 2028 we'll be receiving about 2.8 billion in royalties. So you need to start
thinking about energy transition strategy. You need to be thinking about things like
our sovereign wealth fund, how are we going to structure it in a way that, you know,
government can't steal it again, or pawn it off again, or mortgages, you know, leverage it again.
So it's very exciting to see all of the different aspects that Bitcoin touches here.
And we have 450 to 650 megawatt hydropower capacity just in that Alcoa, old Alcoa project.
you know instead of bauxite mining bitcoin mining has a much smaller footprint it'll damage the
environment less we're 93 percent forest so you want to preserve that you know that preserve rainforest
and you know just seeing all of this happen on the ground there is there's more that i'm
even mentioning you know we have the we have meetups we have um education the the opportunity
in the capital market like our minister of foreign affairs for example was even talking
to Samson about distributing shares of the state-owned refinery on liquid. So there's opportunities
for either liquid or lightning just, you know, launched finally, is it still called Taro or Caput
Assets? So yeah, so that finally is, you know, something we can tinker with and be able to actually
issue shares here in a different way than the traditional capital markets. So I see a lot of
opportunity and I see just a lot happening on the ground and I see this I can just see it so clearly
Syranem being a feeding ground for the rest of the world and like an example for the rest of the world
a step further than El Salvador seeing our hydrodham or sovereign wealth fund just the way that we
manage our economy to actually develop this country transparently with Bitcoin and I see my people
or people, the tsunami is being able to earn in Sats, seeing instead of prices increase in the
supermarket, seeing them decrease in terms of fiat value over time. But just like Lynn mentioned,
you know, on Nostar, you don't even think about the fiat value anymore. You know, I don't,
I don't care about the price. If you've been in enough cycles and you've been in in Bitcoin
long enough, you don't care about the price. You know, it's going to exponentially increase.
increase in turn in relation to fiat.
But the fiat price doesn't matter because the world is going to be repriced in Bitcoin, right?
Everything is going back to its utility value.
Everything is going to go back to actually not being manipulated or hyperinflated.
So how can we build this country in a way where it's going to be ready for that world?
or be a part of that world, be one of the bricks, you know, that lays the foundation for that world.
What would you say are some of the biggest hurdles to realizing that vision?
You know, what stands in your way or what do you have to get over in order to achieve something like that?
Well, I think not get liquidated.
That would be an important one because it is still, you know, we're still in emerging market.
it is still a bit, you know, Latin America is still a bit iffy in terms of its leaders.
So my opponents are not the friendliest guys or the most, you know, with a clean sheet or clean record.
So that would be a risk.
But a freeman doesn't ask for permission.
So whether I win these elections or not, we're going on as a bull terrain.
And we're figuring, there's no stopping this train.
We're figuring out how we're getting it done whether government approves it or not.
So whether it's, you know, in a way that like the same way I structured dayless is government can't stop me now.
You know, they can't stop me to whether we get people off mortgages here or develop properties here.
So we figure a way out.
It doesn't matter what happens.
And our biggest hurdle would be at the moment because I didn't, I refuse to join the older, larger parties because of the old politics and, you know, the old politicians.
I think it would make it more difficult for me to actually achieve this.
So we went with a smaller party called 597, which is just technocrats, non-politicians, people that actually want to see the change in this country.
and I think, yeah, raising funding, that's our hurdle, but we're smart, we're agile, we know, we
bootstrap it if we need to, so yeah, I don't see any hurdles, we'll figure it out, whichever way.
Awesome, awesome.
Well, I don't know if Max or Lynn you want to tag in there, anything, questions, comments about
what Maya's attempting down in Suriname or not.
I like the idea of doing, you know, before just asking permission,
like the fact that the Bitcoin Beach eventually inspired kind of the whole nation around itself.
I think that that model clearly works well.
And when a community shows, like a tool is working for them, you know,
eventually eventually, obviously depends on the, obviously depends on the government in question.
but if it's entrenched enough and it's it's providing value to the country and it changes their
incentive calculus about wanting to support it rather than oppose it. I guess if I had a question,
I would say, like, what tools do you think are still useful, like still needed in an environment
like that? Like whether it's, whether it's like apps or just like what would make it easier compared
to what was around currently or what was around a few years ago?
Well, the main problem is that we don't have access to a lot here.
So no exchanges, it's pretty hard to buy a Bitcoin.
It's like the Blink vouchers, Azteco, things like that.
We're like a godsend for a market like this.
But we don't have PayPal.
We can't use strike.
So even the tools that are already available out there,
we can't use. I like the NFC cards that makes it very easy for people to, you know, just get a card, be able to use it.
But I think the main tools that we need here, especially in terms of, you know, companies being able to raise capital, issue an asset.
There's only one open source exchange and it's not very user friendly. So we need something simple.
for people to be able to buy and sell shares or own shares in, you know, in local companies that they actually, that actually generate value.
Our companies that are state owned right now that we prefer to see privatize, you know, like our state oil refinery.
Methods of distribution, for, for example, royalties, right, from that sovereign wealth fund.
Like, how do you distribute capital directly to these.
to multiple people to the entire population.
For example, something that I mentioned earlier,
in infrastructure development,
I've been in building roads for over a decade.
And how do you publicly tender, for example,
a road make a project completely transparent
using blockchain?
Like, for example, true vote.
That's something that was recently developed for it to solve for voting.
But once you're elected,
How do you actually use Bitcoin to not get a capital market like we have in the U.S.,
which is basically inflated, over-over-valued, not in relation to fundamentals of any of those
companies and highly manipulated?
How do we develop a decentralized open-source exchange or that functionality?
How would that work here?
Do we use liquid? Do we use taproot assets?
You know, like how does that part of the economy actually look like on Bitcoin?
Because not everybody is a successful entrepreneur, right?
Not everybody can build a business that scales.
Not everybody can generate a significant amount of returns,
but being able to own a stake in,
in one of those companies is still valuable to the rest of the population.
So infrastructure like that is, I feel still pretty much missing and will need to be developed
for us.
Awesome.
Max, I don't know if you have anything else that you wanted to tag in or comment or ask or
anything before we round.
Probably no, but just in general, you know, I've been always very bullish about Latin America.
and Central America. So these countries. And because like I think that's that's a Bitcoin
continent out there, you know, very highly educated population. A lot of unbanked people, but they
do understand the value of Bitcoin. And if you look at Argentina, for example, huge inflation or
Venezuela, you don't need to sell Bitcoin to these people. They understand the value right away.
And I think in general, like Latin America and Central America has a huge potential in like adopting Bitcoin, mostly, of course, because of the economical issues that they have, but also because they have a great example, which is El Salvador.
Absolutely. I just wanted to let you guys know that Yellow says hi, and he came here for the macro.
Figure I'd give him a quick shout out there.
But awesome.
So guys, I'm going to start rounding us out here.
I'm conscious of time.
But one thing I like to do at the very end of the show is just do a quick,
quick last round of if you have any final thoughts that you'd like to get off your chest
or just a general takeaway from the episode.
But more importantly, a recommendation.
So recommendation can take any form that you like.
It could be as simple as a piece of advice.
that you wish you had heard early in your Bitcoin journey,
or maybe it's a book or a video that you recently watched
or an app to try out or a device or something
that you think somebody might find useful
that was watching this show.
So I'll get a start to see you can kind of stew
for a second over that, but I feel like my general takeaway
from the episode is maybe a little hint of
not asking permission is what the doctor ordered.
And I love seeing that from everybody.
And again, I guess to jump back to my own topic,
just people taking the initiative to do and build things on their own.
And those little instances around the globe will take the world by storm
as enough of them begin to pop up.
It's going to be very hard to ignore when every town,
has a passionate group of bitcoinsers that are beginning to make little daily changes in their lives.
So I'm looking forward to seeing that and being a part of it myself.
In terms of recommendations, I'm going to, again, jumping back to my original topic,
go out there and meet your local bitcoinsers in your local community.
And if you don't have one, then form one.
It is very, very rewarding the first time that you meet another Bitcoins and realize that you're not crazy.
That's a very nice thing to encounter.
And again, the first time that I met another Bitcoiner was, it was a great experience, like sitting down having a conversation that I was passionate about alongside the person, not talking at one of my.
my family members instead, which, you know, they're very kind and they'll listen, but it's,
it's nice when somebody actually wants to hear it too. So go and do that. Meet your Bitcoiners,
build a community where you are and, and yeah, just start partaking and building in your own way.
But I'll toss it over to Max. Max, do you have any final thoughts or takeaways and more importantly,
a recommendation for people to check out?
So my recommendation of, yeah, I've freeze.
Sorry.
So my final thoughts is just to ignore the fuss, the buzz, the hype, ignore what people saying, politicians, whatever.
Just, you know, stack sets, stay humble, build stuff, build cool stuff, educate people around you.
And obviously, my biased recommendation is the Comptal Arctic Honeybadger.
It's going to be amazing.
and if you cannot be in Riga, we'll have a live stream, watch the live stream.
It's going to be really, really good this year.
So enjoy the show.
100%.
I can't wait to be there.
It's going to be blast.
Lynn, I'll toss it to you.
Final thoughts, recommendations.
Go ahead.
I think my final thoughts, like my takeaway from this is that Bitcoin has kind of graduated
to the community level.
So, you know, in the early days, it was like a bunch of individuals.
and like you mentioned, a lot of times they didn't even meet other Bitcoiners.
And now that the network is 15 years in, it's at a bigger scale,
there's starting to be more dense communities building around it.
And it's still that same kind of bottom-up direction,
except it's on a bigger level.
And I guess the recommendation to go along with that is try some of those tools,
whether it's FETI, whether it's Noster,
clients, whether it's Orange Pillap, anything that kind of has communication and money
kind of built together, either online or in a local community or both, I think that's really where
the level is now. And I just think those tools are super useful. I think the whole vibe
of that whole kind of, you know, every country is going to have multiple little hubs.
Because one of the big challenging things about Bitcoin is that like it's, it's a
It's actually one of the most acceptable monies worldwide, meaning, for example, like, if
I bring an Egyptian pound with me outside of Egypt, there's almost nothing I can do with it.
Whereas Bitcoin, you can actually take it to cities around the world and you can actually find
ways to spend it or find someone to convert it for you.
Much easier than you ironically came with most via currencies, but until somewhat recently,
there hasn't been these dense areas.
Like in Egypt, the Egyptian pound is super liquid in Egypt.
You can just, you know, it's very easy to obviously spend with it there.
And Bitcoin has kind of lacked that.
But as these little communities build up and there's like more density in one spot kind of
where you can actually like reliably spend it, that's that's really powerful.
And I think it's the fact that that's kind of materializing is a big deal.
Awesome.
Awesome.
Love that.
Maya, I'm going to toss to you as well.
Final thoughts, recommendations.
Go ahead.
Well, you know, I'd ask anyone and everyone.
that is involved in the community, in whatever way you can help.
Even if it's making your app available in Ternam,
that that's been challenging with some of the existing apps already,
but we have gotten a lot available here.
If you, you know, if you're a, I don't know,
if you're a comedian, come help here.
It doesn't really matter.
There's so much grassroots adoption happening on the ground,
and there's so much to do.
If you want to build an exchange, fuck, I'm here.
build it here, you know, from the ground up from scratch.
We need as much help as we can get.
And for recommendation, I'm going to do the same as Max for Baltic Honey Badger.
FOMO, by the way. It was really fun the last time.
But come to Surdam to our conference in November because that's, you know,
it's completely focused on the locals and making clear to the locals what Bitcoin is,
what it offers and what it offers to the country.
in the community.
So it's like a major orange pilling event here.
So visit, help Orangeville, help Orangeville merchants, spend some stats here, stack some
stats here, and learn more and help out a little bit.
Awesome.
Awesome.
All right.
Well, that was great.
Thank you all so much.
That was a blast.
Everybody that was watching to the, you know, 3,200 some odd people that.
tuned in over the course of the episode here make sure you follow everybody
I've got links for them down below check out what they're up to and follow along
from there but to the panel thank you all for spending a Friday evening or
for Max probably by now a Saturday morning getting bullish with me I appreciate
you all and of course you're all welcome back anytime thank you thank you all
all right thanks guys see you later okay and everybody thank you thank you
you for joining in and watching everybody in the chat loved having you here um and of course
please do make sure that you like sub share all those things super super important um as i said i'm
going to be at baltic honey badger coming up pretty quick here uh i'll be getting into town
i think on the 21st of august um and they've got uh nostriga going on a couple days before uh
Baltic Honey Badger. They've also got a Noob Day. I'm going to be getting in, I think, that evening.
So I'm going to be missing Noob Day, unfortunately. But if you're there early, make sure you hit that up.
It's going to be a lot of fun, very much looking forward to it. And of course, after Baltic Honey Badger,
they always have their BTC Pay Server day as well. So anyways, if you're going to make it out,
let me know. Hopefully we can cross paths there as well. If you do need tickets still, you can still use Code BTC sessions to get a
discount. I think it's 10% off. But make sure you make it out if you are going to be out that way.
Other than that, of course, if you want to help the show in another way, you can hit up the
previously mentioned sponsors all in the show notes down below. And if you're perusing the channel
and checking out the tutorials and you need a little bit of extra help, some handholding with whatever
you're doing in your Bitcoin journey, reach out to my team over at Bitcoin Mentor.io.
We've got incredible group of Bitcoin educators who can help you through just about anything,
whether it's obtaining Bitcoin, whether it is hot wallets, hardware, multisig, running a node,
home mining as a curiosity, you name it, they can help you through it.
So again, reach out at Bitcoin Mentor.io.
And with that, I am out.
Have yourselves a wonderful day or evening, wherever you may be.
next time for your
daily session.
