BTC Sessions - WHY ARE WE BULLISH? Mario Gibney, Mauricio Di Bartolomeo, Josias Carbon, Bang Bitcoin

Episode Date: January 22, 2022

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Transcript
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Starting point is 00:00:34 What is going on, everybody? Welcome to the show. Another Friday, another episode of Why Are We Bullish? Killer panel today. We've got a couple returning guests, a couple brand new faces. And we're going to be chatting about why we're bullish. There's always people that are like, well, it's dipping. Why are you bullish?
Starting point is 00:00:54 This show is so seldom about the price. It is about Bitcoin and it's what it brings. brings to people around the globe. And it is volatile as hell. As I'm sure you're aware, watching the charts right now, it's doing okay. It should be okay. Come on.
Starting point is 00:01:15 We're here. We're happy. We're going to bring everybody in in a moment. As always, this is live. Anything can happen. So I defer to my friend Bill here. We'll do it live. Okay.
Starting point is 00:01:28 We'll do it live. Do it live. I can, I'll write it and we'll do it live. thing sucks. All right. If you haven't already, like, subscribe, share all those things super, super important. They really do help the show.
Starting point is 00:01:45 And as always, I am Ben with BTC Sessions. This is your daily session. All right. Before we bring in our guests, let's take a look at where we are in the market right now. We are sitting at 36,200, and it's moving too quick. It's bouncing and doing its own thing.
Starting point is 00:02:19 $3,600, 200 and some odd per coin, a single US dollar will grab you, 2,760 sats. 90.17% of all Bitcoin have been mined. And in terms of fees, six sats per byte for the next block, one sat per byte,
Starting point is 00:02:35 if you're willing to wait around one hour, should be totally fine. Let's do a quick shoutouts to sponsor the show, Shepaid.com. If you're buying Bitcoin in Canada, one of the easiest and best ways to do it, no deposit fees, no withdrawal fees, bin spread.
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Starting point is 00:03:16 So, yeah, get on it. also have a Satsback visa card. Be sure to check that out. Links are down below. We've got a couple friends from Leden here today. And I'm sure we'll be chatting about Lennon itself a little bit here. But of course, you can use your Bitcoin for a ton of different services here. In particular, for me, it is very, very useful if I ever need to get my hands in dollars, but I don't want to sell my Bitcoin, especially at a time like this. I don't want to sell my Bitcoin. So I can deposit Bitcoin here, get a loan of dollars to my bank account within 24 hours.
Starting point is 00:03:49 And when I pay back those dollars, I get back the same amount of Bitcoin. They also have savings accounts for Bitcoin and USDC to earn a little bit of interest back on your coins. And they also have their B2X offering. If you are feeling mega bullish in dips like this, just as always, you know, exercise caution is a small percentage of your stack. And up next, I do live on Bitcoin, a ton of different gift cards available here at BitRefil. They really do help me out and available in a ton of different countries.
Starting point is 00:04:20 You can pay with Bitcoin both on chain and lightning. You earn stats back as you shop and they do have a referral program to earn some extra stats on top of that. So check them out. Keystone, you guys know, one of my favorite and most used hardware wallets, 100% air gap. You never plug it into anything internet connected sold on offline via QR code. And this keeps the keys to your money safe and offline.
Starting point is 00:04:44 It works with all my favorite wallets, blue wallet was soft. Sparrow, Specter, you name it. They got it. Awesome in a multi-sig setup, and great with mobile phones too. So check them out in the links below. And finally, you're backing up any important Bitcoin wallet. Get it in steel, guys. Paper, too many worries there.
Starting point is 00:05:00 Water damage, fire damage. I've heard horror stories of people just throwing the damn thing out because it's a slip of paper flitting around. So get some peace of mind. Get it in steel. Bill Fottle. Check it out. This is how I back up all my stuff.
Starting point is 00:05:15 With that, I'm going to stop rambling. Let's get our friends in here. Coach Carbon. We got bang, bang Bitcoin. And we've got Maria. We've got Maricio. Gentlemen, welcome to the show. Figure will do a quick round of intros here just to introduce yourself who you are, what you do.
Starting point is 00:05:35 And then we'll get into it. So, Josias, I will toss it to you. Can you let people know who you are, what you do? Ben, thanks for having me on. It's an honor to be on. Coach Carbon. I had my career in construction recently left there in 2020. That's when I discovered or Bitcoin found me and I went down the rabbit. I want to have been down many Warrens since. They say patience is a virtue, but I think it's persistence, I think, which has got me on the suit tonight. So again, thank you for having me on. I'm just working now to just help people in all walks of life with the health, wealth and life with regards to. improving and using Bitcoin as a mechanism that can help just the education side not necessarily invest in but when you learn about the principles that's what I promote and I dare anyone to learn
Starting point is 00:06:27 about Bitcoin do their 10,000 hours and not improve their lifestyle awesome man well I am I am very excited to have you thank you for making the time I know it's late uh on the other side of but you know you're making the time so thank you very much uh let's jump down the line. Bitcoin or sorry, bang Bitcoin on Twitter. Good to have you, man. Can you let people know who you are, what you do? As much information
Starting point is 00:06:56 as you care to share. Ben, what's up? Hey, I'm nobody. What do you mean? I'm just a lowly, lowly pleb-hler. That's it. I'm one of the many, many in the army, but I'm just a lowly, lowly pleb. Well, dude, plebs are the ones
Starting point is 00:07:12 that run this joint, right? Don't you just love the plebs. I love them. It's always great. And I'm making a concerted effort to get new plebs, people that are passionate about Bitcoin. And I'm very glad to have you here and curious to hear what you want to chat. Awesome. Love the panel. Love your show. Sweet. Awesome. Well, thanks, man. And let's let's keep going down the line. Maricio, many time returning guests. How are you doing, man? Let people know who you are what you do if they don't already. Hey, Ben, great to see you again, man. Great to see everyone. I'm co-founder, chief strategy officer atleddin.I.O., which some of you, your everyday watchers will probably have heard of us. But yeah, we've had the pleasure of knowing you and a bunch of the other members of the Bitcoin community in Canada for many, many years.
Starting point is 00:08:09 So pleasure to be back and be bullish. Awesome, man. Glad to have you. And Mario, I feel like I feel like. I get to chat to you on a regular basis outside of the show, you know, every, every week or two. So welcome back. Again, let people know who you are, what you do. Yeah, thanks for having me on.
Starting point is 00:08:27 I've been always loved going to Myra Bullish. Yeah, my name is Mario Gibney. I am director of community at Leden. And yeah, I also do the unhashed podcast, co-host that with a few friends and just been obsessed with Bitcoin for a half decade or so. and have just trying to help make this thing a reality. Awesome, man. Well, I'm glad to have you all.
Starting point is 00:08:52 And those that are watching that may not be familiar. This is why are we bullish. And the whole concept is we all come with a reason why we're feeling bullish at the moment. It's very seldom about the price, but sometimes. And we get to talk about whatever we're excited about. And we go by the three hours. Somebody brings their reason. And they get to rant on it a little bit.
Starting point is 00:09:16 We then get to riff on that reason altogether as a group. And then number three, we rotate to the next person until we've each had our term to say our bit. So I am going to get us started here really simply. My reason for being bullish this week is that I think in the context of quote unquote crypto as a whole, this flush is needed. there's still like a lot of irrationality. When I look and I see things like the insanity around the NFT market still, you know, I saw an article the other day that Lindsay Lohan is launching her own NFTs and is advising,
Starting point is 00:10:04 whatever the hell, advising some new NFT project. We have Twitter adding NFT NFT uh NFT um avatars for people um we we see you have one don't you
Starting point is 00:10:22 I I did I minted it for free on on a photo editing site and I now have my hexagonal wonderful NFT Twitter profile picture
Starting point is 00:10:35 of which I myself own and nobody else can ever own. Just so you know. I think Daniel Prince aged part of that. Oh yeah, right. I think he minted his own copy
Starting point is 00:10:48 the other day. A little bit of screenshot, a little bit of right click. But yeah, I think this is, it feels a little similar to me, maybe not in speed, but it does feel on a macro level and on a,
Starting point is 00:11:07 just kind of price action level a little bit like, you know, going back to spring of 2020. There was a lot of downward pressure. There was a lot of uncertainty. And the people that had been here for a while, even them, they got shaken up in that. So those that are unfamiliar, we went in the span of a month from about 10K to 4. We wicked down really hard in one particular week. And it was, it was, you know, people were scared. It was, it was freaky.
Starting point is 00:11:45 It's as much as you gut check yourself, you know, 40% in a month, or six, sorry, 60% in a month, that is, that is jarring. And, but I do recall quite, you know, there was capitulation, but there was also a lot of people that, you know, as long as they're being cautious and they're being responsible, you can weather those storms and you can just sit it out and patiently stack away. If you're not banking on the day-to-day price movements, if you're not trying to make a quick buck, then you can easily weather these storms. And so I think that flushes like these, often everything else gets. It's hit a lot harder than Bitcoin. It gives a much-needed dose of reality to the room when people are getting a little too
Starting point is 00:12:42 crazy about things. And those with a much longer time horizon and some low time preference tend to fare relatively well through moments like this. So that's kind of my reason for being bullish. I will open it up to the panel. And I don't know, does anybody echo the sentiment that things were still a tad irrational and may still be. I very much echo, you know, a lot of what you said, Ben.
Starting point is 00:13:14 I think, you know, it's easy to look at Bitcoin's drop and think this is a Bitcoin-centric event, but just to like frame things into perspective for a second, the S&P 500 dropped 7% this week, I believe. But even we think that's 6%. If you look at the market cap, and I've just, double checking this because I was just making a note about this earlier because I found it fascinating. I just have to double check here. It is so the S&P the company's the S&P make up about $40 trillion in market cap, $41 trillion, according to Investopedia. So the S&P dropping 6% in one week
Starting point is 00:13:53 actually destroys three entire Bitcoin market caps of value. And that happened this week. And so it's fascinating, right? Because when these things happen. And in finance, you refer to these things to sort of correlation one event, which is like the entire world just goes risk off and just sells everything and everything gets correlated. And so this is not, I think, necessarily a Bitcoin-centric event. And to your point, there was a lot of stuff that was flying really, really high. And basically, there was just a lot of room for wild speculation, which seems to be the direction we're heading to in a long-term over time, but it has to ebb and flow.
Starting point is 00:14:38 And I think it up too far and now it's coming back down. But yeah, I'll pause. Anybody else want to throw their hat in the ring on this one? Yeah, I'll jump in there. I mean, I want to echo what Maricio said. It's like, well, first of all, just to speak to some of the insanity that needs to be flushed out, there is a tweet from the World Economic Forum, and I quote, how NFTs are helping solve climate and gender issues, discover more and
Starting point is 00:15:05 Helping Restore Gender Equality and the Great Green Wall. That's a quote from the World Economic Forum. So it just gives you a sense of like how, you know, how preposterous, I guess, some of the range of these initiatives are. And, you know, and I'm with Mauritio there. You know, the S&P plunging, I was saying that before the show, Ben, it's like there's a, there's definitely a macro thing happening with the Fed and the Fed and all their signaling. and the herd that is, you know, the equities market kind of running for cover. But, you know, the cool part about it is that, you know, Bitcoin's been here before. And like on both sides of the aisle, the inflation deflation debate, like Bitcoin's got a toe in the water.
Starting point is 00:15:54 So what are you going to do? I mean, you know, either you get Bitcoin and you're hodling and you've got a four, five, six plus time of your horizon. or you don't and you get flushed out. And how many people have gotten flushed out over the last four or five years? They're on the sidelines now and they're going, ah, fuck,
Starting point is 00:16:16 Bitcoin, fuck. So, you know, I say flush them out. Fair, fair. Josias, any thoughts here? Yeah, so spring 2020 was just before my time, but obviously I've heard the horror stories and I've listened to the OGs and I'm remaining Zen at this moment.
Starting point is 00:16:35 We wouldn't obviously expecting the dip at some point. We had the dip back in September, which I weathered for this one. This one is a test. But I'm trying to look at macro events and think what's going on. As you say, there's no rationale. We're hearing all the announcements. We have Bikeri just tweeted. He bought 410 more Bitcoin with a dip.
Starting point is 00:16:57 He met President Erdogan from Turkey. You have Argentina adopting it through strike. You think all that's going on. in my mind, I think that would affect the price upwards. But yeah, there must be so much more going on that I have no idea about. So I just need to just sit back, relax, and then you have that long-term horizon. Yeah, it's funny because everybody, regardless of what direction the price is going,
Starting point is 00:17:23 there's always things to point to and say why it's going a certain direction. And I think Bitcoin just kind of, other than major, major events, Bitcoin kind of does does its thing. And then after the fact, people will point to whatever they believe is the cause of that. Right. Like, you know, a friend texted me. Was it the Russia ban? Is it Russia?
Starting point is 00:17:45 Is that why it's going down? Like that? So, like, it's just, it's, I think a lot of these events are not necessarily the reason for the movement. I think, you know, you know, excessive leverage in the system. irrationality, people that have bid off more than they can chew and aren't being cautious with those types of things that can be a trigger here and that it's just very convenient to go in after the fact and be like, this news item is why. The Russia ban, I think within 24 hours, there was a Russian economist to say that
Starting point is 00:18:24 they're considering using Bitcoin to get around U.S. sanctions. Which one is it? Yeah, exactly. If the price is going up, it was the other one, right? So, yeah. Mario, any thoughts here? Yeah, I mean, well, I mean, the Russia ban just makes you think it's bad for the people of Russia more than it's bad for Bitcoin, to be honest. And, yeah, there definitely has an over tendency to focus on, like, oh, what's the ubiquity thing that happened yesterday?
Starting point is 00:18:49 Sure, maybe it might have catalyzed a bit of a sell-off. But, yeah, I mean, like, let's just keep in mind, like, we're now at lows. We haven't seen since July, like, less than half a year ago. and like one year ago, this was an all-time high at the current price. So, you know, patience people. It's, you know, yeah. Yeah, context is important. And a lot of people use the context of a one-month window or a one-week window
Starting point is 00:19:16 and neglect to zoom out and look at the Bitcoin history over the last, you know, since inception and seen, yes, it's a bumpy ride. It's not, it's, it's nothing goes straight up forever. There's going to be volatility on the way. And so, yeah, I mean, I've been sitting through the shit for eight years. It's not, it's not going to change. It's never going to be like, oh, it's new all time high every single day forever. No, there's going to be.
Starting point is 00:19:54 And the best thing is, is that they kind of destroys. any predictive model that most people would have had, which is kind of what Bitcoin does. Like this is the most Bitcoin thing that could have happened. Everybody's like end of 2021, new all-time highs. Is there a particular model you're calling out here? Yeah. But the thing is, okay, so stock to flow,
Starting point is 00:20:19 the bands in which that can continue to technically function, it still is not ruined. it was just hilarious because it could like there's two standard deviations that it can go away from and it's it's such a wide range that it would have to be so entirely off base to fail that more or less it's like you know it it probably will hold up for like another few years so you're saying there's a chance yeah so it's you know it is what it is but it's a pretty wide ranging model and you know thinking that it's going to be scraping the the top of it at a particular time or the bottom of at a particular time it's it's a model in such where it was done in a
Starting point is 00:21:11 way where it's it's kind of difficult to be wrong almost barring like a cataclysmic uh failure of bitcoin or you know the entire world adopting bitcoin over the course of a couple of months so you know rainbow Char is still holding up pretty strong. It is. I bet. Ramo charts just crushing it. It's a well thought through model. Well, that's not how I'd phrase it, but
Starting point is 00:21:38 I like it. It's got shiny colors. It is very colorful. He is often right. Yeah. That's true. It needs more dots, I think.
Starting point is 00:21:55 Great. Okay. Well, I'm going to round this out. In essence, I'm just saying, you know, again, if you're being cautious, if you've got a long enough time frame and, you know, you're here for the long run, even if this is your first kind of crazy drop that you've seen, you know, just know that every single person that is in Bitcoin long enough sees this come and go over and over and over again. So, you know, strap in, jump on the roller coaster and enjoy. Cool.
Starting point is 00:22:30 So we are going to roll on and we're going to jump to our next reason for being bullish. I have to give a shout out to everybody's favorite commenter. David Wong is here again to tell us all how wrong we are about Bitcoin and tell us that this is, I believe, just a moment ago, he did say that this is probably the last one. This is the end of Bitcoin. This is the obituary that sticks. Is this the weekly troll, the guy who's here on a weekly basis? Yes.
Starting point is 00:23:15 He's my favorite viewer. David, what's up? David, welcome. So he did indeed say that, there we go. I think this time it's real. It's not going back up to the highs again. This time, guys.
Starting point is 00:23:31 This time. This is the time. So, David, thank you for your commentary. I'm so glad to have you here again. I will never ban you. I will never ban you. You can come every... But he's here every episode.
Starting point is 00:23:43 So I'm very happy to have a lot of viewer. Thank you. You know what you should do, Ben? Ben, you got to have a wier-we-bearer segment once we print new all-time highs and then have... I have David Wong on. That would be great. I don't know.
Starting point is 00:23:56 Like Rubini. Rubini. Yeah. The Taliban. Yeah. David, David, this is an open invitation. If, if Bitcoin hits a new all-time high, then you have an open invitation to come on the show. If you still believe that it's a fake out and it's still going to zero.
Starting point is 00:24:20 Okay. So open invitation. If that happens, those moments coalesce, you've got a spot, all right? It's good for the echo chain, isn't it? Yeah, exactly, yeah. So we're going to move on to our next reason for being bullish. Josias, you are up, basically take it away, let us know what you're excited about.
Starting point is 00:24:43 What's on your mind? I was going to touch on the macro events, which I mentioned earlier. But because you mentioned NFTs at the start, I'm going to go down a different rabbit hole, which has got me really bullish over the last three or four months. They weren't we now. Sorry, yeah, two or three months. And it's art delivering the message of Bitcoin and what it means through art. So I met the Scarcity guys in Manchester in November.
Starting point is 00:25:06 And having a conversation with Aaron there, obviously I was talking about coaching through health, wealth and life, different platforms to discuss Bitcoin principles. But using art, I've just probably been having so much fun with it in following different people, crypto graffiti, recently the stuff he's been auctioning on scarcity, fractured and cryptos, obviously he had did the artwork for Salem and has been doing the keys. I think, have you got a key in your background? Have you got one? That's what I'm going to riff on, yeah.
Starting point is 00:25:36 Oh, yes. I won't say too much. But yes, just exploring what people are doing, you have the crypto couple who are doing their skits on Twitter. But there's just so many elements, So I think you could touch upon that. We can spread the message and drop seeds bombs to people, orange pill people without having going in with just the number go up. It's just like, yeah, how you perceive Bitcoin. And I mentioned before the core, I was looking at a certain block because I was doing something with that for something I want to produce.
Starting point is 00:26:07 It's just like my family look at me thinking, what are you doing? So he's got frames out cards, everything out, printers going, brer. But I'm having so much fun with it. And whether it's a piece to go on my way, I made some presents for family members at Christmas, a piece of 21. So there was only 21 that I made and handed them out for people with the present. So it's just delivering a message and they asked, why 21? What does that mean?
Starting point is 00:26:30 What's that referred to? So, yeah, having fun with art at the minute. That's awesome. There are some incredible artists in and around the space. And again, the ones that you mentioned are killer. The scarcity guys are awesome. I love crypto graffiti. I've met them a few times now.
Starting point is 00:26:46 I did see him in in Miami for the conference last time around. And man, he just knocks out of the park every time. There's just so many unique things. And I mean, even when it comes down to like the Citadel 21 magazines, like the artist, the art that's on the covers of those and the way that those magazines are put together, it's such a unique, awesome style to it. There are some awesome people out there contributing to the space. So I mean, if anybody else wants to jump in with anything that they'd like to touch on from Josiah's topic, I will stop rambling.
Starting point is 00:27:29 Well, it just turns out that I got this like two days ago or three days ago. And I actually got it from Scarcity. And it's the fractal and Kripki. And shout out to Mike in space, who actually tweeted about it. this when he bought it and that's how I ended up catching like getting caught up to it and I went and I bought one but but Josiah echo you entirely so I showed this to my parents who happened to be in town and this thing I don't know if you could see it but it says infinity over 21 million and um my dad who is like he actually was a bick-coiner before I was um he got me into bitcoin believe it or
Starting point is 00:28:11 not like that's that's a really funny story um but he saw that and and And he was like, oh, wow. He's like, this is really cool. Like, like infinity over 21 million. It's like, it's so smart. Like, it's just so powerful that method. And it's like people to your point, it's almost like it lures you to deeper questions better than me trying to tell you why it's exciting.
Starting point is 00:28:35 If somebody took the time to spend hours and invest, that's an energy investment right there. Somebody spent hours because they are passionate about whatever that. means and when people see that representation of energy they are like naturally attracted to whoever was so passionate to pour that much soul into that and they're like wow what why and they want to get into it and I think it's fascinating as well yeah I totally agree it's like um like Bitcoin has a certain you know it inspires like that that's what I've you know I've been here now almost I guess we'll five years and I just noticed that there's an sort of inspiration that comes when you start to, A, learn about what's really going on in the financial system and then start to feel empowered
Starting point is 00:29:27 by the fact that you hold your own keys, your money is your money. There's like an inspiration and empowerment and agency that comes from that. And from that, it's no surprise that it's like a wellspring of creativity. Because when you start to feel inspired, empowered, it's like, immediately you get creative you want to build something make something share something so you know it's it's awesome to see and you know we see it right down the line you know on bitcoin twitter to like you know how many meme lords do we have on bitcoin twitter these guys and they're incredible that is art like that's its own kind of art and it's it's savage and hilarious and creative and it's just
Starting point is 00:30:12 it's everywhere um it's everywhere in the bitcoin community and and i and i just love it. Mariah, do you want to tag anything in there? Yeah, I like, it's, I don't know, it's fun also like just as part of a broader point being able to see like, you know, people's, you know, people's finances, bringing them up to do things that they love to do. That's what this is all about. And, you know, I'm not really an expert on the art world, but I absolutely love the fact
Starting point is 00:30:40 that, you know, people are able to, you know, pursue their passions, you know, far more than the otherwise would have been able to. It kind of reminds me of, I forget who said this, but someone was talking to a dev at a Bitcoin conference while back, some pseudonymous and who had made a bunch of commits like to Bitcoin back in the day. And they kind of asked me, how are you able to continue doing all this work for free? And he said, well, Bitcoin took care of me. So now I'm taking care of Bitcoin. And, you know, I see this is, you know, promoting it on the social level is also a really important thing. And, yeah, it's nice to see that in a lot of different forms.
Starting point is 00:31:13 I think Bitcoin is also to gravitate towards Bitcoin related art because because our money is intangible. We want some tangible toys to have around as a way to like, I guess, experience Bitcoin in a physical way. Right. Represent it or something. Yeah. Yeah. Which is super interesting because like I wasn't really, I guess I wasn't much of an art person before. but then because I found a topic that I'm passionate about,
Starting point is 00:31:47 I like getting items and artistic representations of that for my home. So yeah. Yeah. And Bitcoin's so multifaceted, you know, and as we all know, it's like this massive rabbit hole that you never see the bottom of. And so what, you know, what a perfect sort of palette to, you know,
Starting point is 00:32:07 create artistic stuff around it. Like it's just unlimited. Yeah, yeah. And I'm sure we'll see much more creativity in the years to come. Actually, now something that comes to mind, one of my favorite art pieces, just given the context of what's going on right now, was the art piece of the bear whale. You guys remember that one? It's the best. That's my favorite one.
Starting point is 00:32:36 What is the case? I haven't seen that. Yeah, we got to get a screenshot that I go on. Yeah, let me There's three different versions of it And one of them is just amazing It sounds like a mean I know
Starting point is 00:32:49 I got it Did you guys watch the We already moved on from NFTs But did anyone catch the South Park NFT special? Yes Oh my God It was gold It was gold
Starting point is 00:33:02 I got to see it It was amazing Mario did you find it? Yep, sharing screen here Okay, I'll bring it up here all right so okay yeah i've seen that yeah yeah so there's context to this there was i can't remember do you guys remember how big the cell wall was on this i i can't recall it was not my head no but um i i know there's there's a legend of the barrel document story yeah yeah this is very well this has
Starting point is 00:33:30 been well oh i forgot i was oh i i did find it 30 000 bitcoin sold at 300 dollars per coin Yeah, an idiot. Yeah. So somebody basically, they made a cell order for 30,000 Bitcoin all at $300 per coin. And everybody is like, oh, my God, this is going to, like a lot of people were saying, this is going to crash Bitcoin even further. And people, buyers, hodlers of last resort just ate away at it and gradually destroyed and bought the entire cell wall all the way through. And so people referred to it as the slaying of the bear whale because it was a whale that had just had so much Bitcoin and just dumped it all at $300 a coin. Yeah.
Starting point is 00:34:22 Mythical. But yeah. Great representation that that piece of art. There's also, there's other pieces of art here that actually took the chart and turned it into the image. So if you give me one second here. That's great. That is a nice piece. Oh, yeah.
Starting point is 00:34:40 Oh, yeah. Nice. The original, the Spartan Shields is still my favorite, though. We got to get this one for the office, Maurizio, yeah? Yeah, man. We actually are commissioning, like, a list. We got to connect with the team internally to make sure.
Starting point is 00:34:59 And actually, we want to do some cool stuff with, like, the naming of the rooms and stuff with the art. Yeah, we got a lot of cool stuff online up to the office. I'm going to, I might share one thing. And let's see here. Share a screen. Let's do this. I'm going to mute it, but somebody made a screen of the slaying of the bear whale.
Starting point is 00:35:26 They captured it live as it was happening as you basically see like all of these Bitcoin orders get filled. And it's just like a straight wall of selling. So that that straight line there up and down is just people eating away all of all of that Bitcoin, just buying all at like 300 bucks a coin, 30,000 Bitcoin. And it's just, I'll skip ahead a little bit. But it's like it literally just sits there forever and ever. And people bought all of it, all of it until the very end. And then it finally break through and disappear.
Starting point is 00:36:02 And there it goes. Yeah. Yeah. And you can see again all the like. Yeah, it was pretty spectacular. But yeah, you know, this kind of stuff, it spurs on creative people to make piece of art like the slang of the bear whale. So there it is.
Starting point is 00:36:21 Is it Stacey Herbert who uses the coin, coins of the Renaissance? Renaissance 2.0, exactly that. Yeah, I've heard a number of people utilize. I'm not sure who said it first. But yeah, yeah, absolutely. So I, you know, I love that topic. I thought that was great. Thank you, Josias, for bringing that topic to the table.
Starting point is 00:36:44 We're going to keep going. We're going to rotate around. David's, just a quick update. David says Bitcoin doesn't have real value. It just depends on people bidding the price. That's it. Thank you, David. What is real value?
Starting point is 00:37:00 I wonder what David thinks. Gold. He said gold is a real asset. So just so you know. Also, he's never, from last episode, just so you know, he's never had an issue with his bank. So, oh man, I want to meet David.
Starting point is 00:37:20 David. So we're going to rotate. Bang, Bitcoin, you are up. What has you excited this week, man? What's on your mind? Well, I'm always excited about Bitcoin. and just perpetually excited ever since I've discovered it. But this week, I'm just thinking in terms of reframing this idea of interoperability
Starting point is 00:37:44 and incentive structure. And I'm just starting to think about it just slightly differently. And then this is not thinking about it. It's like when I buy Bitcoin, so I buy, I hold immediately. When I change some of my, I change fiat. into Bitcoin, the quality of people that start working for me is just incredible. Like, that's how I'm thinking about it now. It's like, I buy, I hold, and the people that suddenly start working for me are just
Starting point is 00:38:22 unbelievable. I mean, Michael Saylor's holding up my marketing department. Jack Dorsey is, you know, getting in there basically worldwide chief. strategist. Guys like Greg Maxwell, Peter Woolley, Adam Back, Jack Mallors, they're doing my IT department. BTC Sessions, TFTC, Valles, Breedlove, Lavera, Gigi, Swan, Pomp, McCormick, you can tell I'm reading. Gibney, these guys are in charge of my education department. My chief financial officers are guys like Bill Miller, Paul Tudor Jones, Ray Dalio, Arthur Hayes, and Mauricio DiBartolaeo.
Starting point is 00:38:58 It's pronounced that shit, right. And then like my macro people, Lynn Alden, Preston Pish, Jeff Booth, my boy Greg Foss. And then, you know, the chart crushers like Wu and Clement and Vaze and Leclair. And then, you know, I get my, my lowly, lowly pleb army. And these are my guys that the meme lords, you know, the Bitcoin Twitter guys, the guys that put in the time to like learn about what this is and know that hoddling through stuff like we're seeing in the last 24 hours is just part of it. Yeah, I just, when I buy Bitcoin, I just think, man, look at the people that are now working for me. It's just unbelievable.
Starting point is 00:39:42 You know, this is what happens with an open network like this, an interoperable open network. It's like everyone who joins the party adds value and, you know, who's going to be next, right? Like, I just think, like, we all have this sort of recency bias in a way. It's like, go back 18 months. Like look at what's happened in 18 months in Bitcoin. It's just incredible what's going on. And I'm just wondering like what's going to happen the next 12, the next 18 months, the next two years. Like who's going to come aboard? Who's going to flank Jack Dorsey and Michael Saylor and El Salvador? You know, it's just like, it's just an incredible thing. So yeah, that's my take. It's like I buy Bitcoin and look at the, look at the ferocious talent, intelligence, you know,
Starting point is 00:40:27 passion, like the smartest, the reason why I got into, I'm rolling downhill here, but the reason why I got into Bitcoin, no kidding, like I'm learning and I'm getting better at the tech, you know, but I'm not super tech savvy. And I'm learning and I'm getting better at the monetary history and, you know, learning the financial stuff. But what I spotted early on, I give myself a pat on the back here because I've always been pretty good at this. I can spot quality people. Like that's the thing that I kind of always knew I kind of had. I could discern quality, intelligent people right away. And as soon as I started down the rabbit hole, I was listening to a bunch of different people talk. I'm like, all these fucking Bitcoiners, they're all sharp. They're all
Starting point is 00:41:10 so sharp, you know, and they're and they're authentically sharp people. So yeah, I'm bullish on Bitcoiners, like just bullish on Bitcoiners. Definitely. I love your, um, your analogy there. They work for you. Isn't it amazing? I buy Bitcoin and Jack Dorsey is working for me. Dare I call him my bitch.
Starting point is 00:41:34 Uh, yeah. Suddenly I'm less excited to be, uh, in your list of names. Mario. I'm going to give a shout out because I see him in the, in the chat here. of another great contributor to the education space. And they get far less credit than they should. But Canadian Bitcoins podcast. Those guys are fucking awesome.
Starting point is 00:42:02 Yeah, awesome. Len and Joey, they're not going to the park on the regular. They're another example of like eight months ago. Those guys just started like eight months ago. And they're killing it. You see, the guests they're getting on there. say they've just had a ton and their and the quality
Starting point is 00:42:19 of their questioning the quality of like I had I had them on for an episode of Why Are We Bullish like prior to the Christmas thing that I did and holy hell like Len came with the receipts he had figures
Starting point is 00:42:35 and statistics and just everything backing up everything he was saying it was amazing if you haven't seen it go back and watch it but more more than that go and subscribe to everything that they're doing. They're on Twitter. They're on,
Starting point is 00:42:51 they've got a podcast. But they're doing YouTube now too. I think they're taking smaller clips of their show and dropping it in there. So find them on there too. But anyways, I just on your, in the context of awesome people, you know,
Starting point is 00:43:04 doing great things. They're definitely on that list. But maybe I'll open it up to everybody else on the panel. Who do you think in the context of people working for you? Who are you glad to have Oregon for you if you have Bitcoin? I was going to respond to bang Bitcoin. I think every single name that you name there, I was visualising them thinking about a little soundbikes,
Starting point is 00:43:27 and it got me excited. And it's funny because they're like household names to me now. And I'll speak to my wife and I'll name certain people, and she would be like, that name means nothing to me. So when people come with Fudd and it just bounces off, that's the reason why, because as you said about, you can spot wise people. I'm listening to these people.
Starting point is 00:43:44 It's making sense. I'm thinking, who am I to go against them? The knowledge they've amassed, I've been a year and a bit, and I believe in it. They believe in it. They've got more money than I can dream of it, invested in it. And what they're saying makes sense. I know it might be an echo chamber, but it does literally make sense. Who am I to think, you could be wrong.
Starting point is 00:44:05 So, yeah, bullish on the names, bullish on the content they're giving, and they're bullish of the fact they work for us. So thanks for that, bang Bitcoin. I'll be taking that. Awesome. Maricio, Mario, anybody stand out to you who you really appreciate that's working in the Bitcoin space? Well, I like the fact that I could say about Rizio's working for me now.
Starting point is 00:44:25 I like that. For anyone I doesn't know, he is my boss. But now I'm also a little bit his boss. Now you know, Mario. Yeah, it's so. I want to give a shout out to a lot of people that perhaps kind of are missed by some of the limelight that we have in North America, which is all the content makers that make Bitcoin education content in Spanish,
Starting point is 00:44:51 in Portuguese, in French, in Italian, in Cantonese, in Mandarin, because people underestimate how difficult it is for somebody that is actually in these less developed world. I know, you know, we all have great, we all want Bitcoin to reach the people that need it the most, Many times we, because of just circumstances, may not even understand what that best way to get that that content is. And so there are people that are out on the fringes that don't get to come to the conferences. They don't get the keynotes. They don't really get the big Twitter followers either because they're out there doing their thing in their own language and in their own community. But I think it's as global as the community as we are, there's still a lot of,
Starting point is 00:45:42 limelight or focus on the North America and for many reasons, right? Like it's a quarter of the world's economy. Like it's where a lot of the innovation comes from. It's where many of the custodians and the first companies existed. But I think that we should celebrate people like, for example, like Anita Posh, who like focuses on Bitcoin sovereignty work in Africa and Bitcoin lady who like lives in Zimbabwe and the guys of Bitcoin Beach that went to El Salvador. So like all these guys that take a huge chance in going into a very remote place
Starting point is 00:46:17 knowing that there won't be very many cameras shining on them. And I think those guys need to be a need to plot them and those girls. Yeah, 100% I like, you know, and this also kind of ties back into, since David Wong is the star of this show, you know, saying he hasn't had trouble with the banking system. And like, to be honest, like the banking system, I've definitely had some problems, but it certainly pretty well. but, you know, that doesn't mean that it doesn't apply the rest of the world.
Starting point is 00:46:42 Like a lot of the people who, you know, aren't where a lot of the kind of media action is happening here in North America, you know, they're the people that, you know, we're really in this for. Like, you know, I benefit from Bitcoin for sure, but I am by no means the type of person who most needs it. And so, yeah, just absolutely 100% echoing Maritsu sentiment there. Absolutely. Yeah, I think the A team gets stronger over time, and there's a bit of a brain drain involved there, too, where, you know, people are giving up their jobs at, you know, some of the biggest asset firms in the world, you know, some of these people are just saying, no, I'm going to go work in this space now. You know, I'd rather spend my time here, and that's a very exciting thing to see, and I think we'll continue to see more of it. But bang Bitcoin.
Starting point is 00:47:37 Thank you for that. That was an awesome topic. I just had a reminder, actually. Yeah. The first show of yours I watched was the Mega Bulls one. Obviously, it was all over Twitter. And so I stayed up all night. My mind was blown.
Starting point is 00:47:50 That was an incredible show. That was an epic one. I don't know how that one got pulled out in some way, shape, or form. But it happened. And I think it was largely Bitcoin Twitter that was responsible for, again, that group of people in a single place at once. So, yeah, shout out to the clubs on Twitter for that. Awesome.
Starting point is 00:48:12 Well, let's, yeah, let's keep rolling. Let's jump over to Maricio. I'm going to let you rant and rave about whatever has caught your eye in the last little bit. What are you thinking this week? I'm bullish for a couple of reasons and more trying to zoom out of the current sort of price action and look into and trying to. sidestep a lot of the kind of the thinking on the Fed and all this stuff because I think if you focus on on there's a few things that you can look at that that would make you very bullish and for
Starting point is 00:48:46 example one one one few of them are we're going into this bear market with a lot of Bitcoin companies with a great balance sheet positions and that wasn't necessarily the case last time around right now you had literally billions of dollars of VC funds that poured into companies like, you know, Blockstream, Latin, many amazing companies that are building incredible Bitcoin tech. And we're not going to stop. Like, no one's stopping. And in fact, we're actually moving way faster now.
Starting point is 00:49:21 And we're building some really cool products, not just us. Many other people are. And I think that when we have the hype of the noise of the bull markets, it's easy to sort of get yanked in many directions and you're overflowing with clients and it's not like we're not growing. Everything's growing tremendously. But when the market turns a little bit like this, it gives you time to really focus and build for the long term. And I think that going into this with so many companies in such great standing, I think it's going to produce a lot of great products is going to produce a lot of great education content. It's going to continue
Starting point is 00:50:04 supporting content makers across Bitcoin to produce even more high quality stuff. And so I don't think that the experience for the Bitcoiner is only going to get better. And the price will inevitably come back as we know it does. But it's just the experience as a Bitcoiner is just going to continue to get way, way, way better. Yeah, absolutely. Also, some of the money, in the chat. Did he just say we're going into a better thing? No, Daniel, what he meant to say is that Bitcoin has been in a 13-year bull market that will continue if you zoom out enough. Yeah, you're absolutely right. And like in the context of downturns, that's when the most shit gets built, right? Like you go to you go to Bitcoin 2019.
Starting point is 00:51:00 when everybody was like, you know, we just had Bitcoin go from 20 in 2017 all the way down at times to three and then start to just barely come back. And, you know, that's that's the time where people are actually building cool shit. And the people that were building nothing that it was vaporware, those those start to, to filter out, those start to disappear because if you can't actually build a product that's benefiting people, then the money dries up. But the people that actually provide value get to stick around and you get to see what they're doing through these times. Yeah. And, and, and, you know, the tide, you know, the tide eventually goes out, you know, goes in, it goes out. And when it goes out, you know, it'll be very apparent of like, where is the quality? You know, where are the people that are
Starting point is 00:51:59 that really understand what's going on who's really building things that matter and uh you know without a doubt you know bitcoin's going to be you know front and center so i'm stoked for that i'm so stoked for this washout you know for all the all the you know the web three marketing stuff to just fall on its face it just you know whatever shouldn't be too negative but like you know just to let it all flush you know it's like let the tide go out and uh and bitcoin will be uh just to chugging right along, you know. You get to see what's real, right? Like all the illusionary stuff disappears. Yeah. And you get to see what still functions, right? Yeah, what functions and also, like, you know, who knows what they're really, you know, who knows what they're really,
Starting point is 00:52:47 who has the conviction of, you know, what they, what they're supporting, you know, the hodlers. It's like, you'll just see the conviction of the hodlers. So, yeah, absolutely. For me, I again, listen to the OGs and heard the comments you guys have just made about shit gets done when it's done the price tips. And I said, I mentioned I met the Scarcity guys before. I've also met the coin quantity from the UK Exchange. And so looking at what they're doing and seeing what's going to come out in the future, you have to be brought. Because you think you guys are focused. You're bringing products to the market that people need.
Starting point is 00:53:27 And so when they do come out, it's going to be incredible. but you're not focused not focusing on price and so you mentioned the some other companies there you're looking at all the miners that are now um part of the s&P people who you said people are putting money in there's a lot of money in these companies so now's the time is it to reset dust yourself off or whatever and yeah focus on on getting stuff done so yeah that's why i'm bullish as well because i can see from my limited view behind the scenes of what's going on so i can only imagine what you guys have seen. Yeah, there's a lot.
Starting point is 00:54:01 Also, speaking of people building stuff, I don't know if anybody saw, but on Twitter, it just dropped the cold card mark four pre-orders are now there. So if you're looking for a new cold card, they just announced the new version coming in. So worth checking out.
Starting point is 00:54:20 I pre-ordered mine. And this one has NFC. So to do your, you can actually like NFC, NFC approve a transaction, which could be pretty cool because I feel like that's something that Blue Wallet would immediately work on supporting to be able to tap and do a transaction from your cold card. That would be sweet. Because then all of a sudden things like a multi-sig wallet on your, you know, it's already possible to do with Blue Wallet and like the Keystone and the
Starting point is 00:54:54 foundation passport. But then to have Cold Card in that mix. too. Exciting things. I love when new stuff gets dropped like that. So yeah, Maricio, I think that's, again, a fantastic topic. There's a lot of stuff coming down the pipe, a lot of people building a lot of new things to be excited about. And we get to watch it all.
Starting point is 00:55:18 If you stick around, you get to watch it all happen. And then you get to watch people be surprised at how much this happened when they come back in afterwards. We're seeing people like, because I mean, it was, it was Seguid so that we could get lightning back in 2017. And everything kind of washed out. Everybody came back in thinking, oh, Bitcoin is slow and expensive. Which is like the total opposite of the experience using lightning now.
Starting point is 00:55:45 You can shoot a transaction instantly to anybody for a negligible amount, like fractions of a penny in a lot of cases. And so to see people that don't realize what's happened behind the scenes over the past four years, five years, it's pretty wild because that's when all the cool stuff happens. So, yeah. Awesome. Well, let's keep it going. Let's roll on to our final reason. Of course, before I do, I will say everybody in the chat, like, subscribe, share. I'm sure that David has done all. those things. And we'll move on to Mario. Dude, what is on your mind this week? What are you excited about? Well, I want to say the reason I'm bullish is people have concerns these days, but they become increasingly higher quality problems. Like the things that people worry about in dips, you know, four years ago, eight years ago, it was, you know, is Bitcoin going to survive this? And with very,
Starting point is 00:56:50 very few exceptions, like the one in the chat, you don't really have people being like, ah, this is the death null for Bitcoin. Like even like, you know, even central banks and like, you know, sure, Russia feels the need to ban it, right? If Bitcoin was really on its way out, they wouldn't feel the need to do that. You've got like, you know, mainstream financial institutions. Like no one, no one says, oh, this is like on, like everyone accepts Bitcoin is here to stay. You know, the dips that people freak out about, there's smaller dips than we had in the past. And like these are all signs that, you know, it's not, everything's not perfect. But the, there doesn't seem to be any question in the vast majority of people's minds,
Starting point is 00:57:26 even those who don't like Bitcoin, that it is here to stay. So the question is not whether or not, the question is no longer, you know, is Bitcoin going to survive this? It's, oh, Bitcoin's here to stay. In what way is it going to affect the world? And that's just, you know, it could be an easy thing to get lost, you know, because, you know, when you're in the moment, you're just focusing on, you know, whatever things are going well or poorly at the time.
Starting point is 00:57:48 But if we compare it to kind of our concerns that we had back in the day, Yeah, it's pretty easy to just to stay pretty optimistic about the future. I mean, I guess this is a long way of saying I'm bullish because I can zoom out. But yeah, I'm sure that, yeah, I'm excited to see what kind of stuff we're freaking out about in like five years from now. You know, is it going to be, you know, we're going to get to the point where like, you know, the Dow Jones dips by like six or seven percent. Is that going to be the stuff that we're concerned about with Bitcoin 10 years now? that'd be a cool problem to have. So yeah, let's keep things in context there.
Starting point is 00:58:27 Yeah, absolutely. It's so easy to think everything is catastrophic. And I think a lot of that comes from newcomers just getting in, right? They've realized, you know, they've never experienced the fear of having Bitcoin split into and actually be confused about what's what. Like obviously, a lot of people were, you know, that had, had a bit of knowledge in advance, saw the split in 2017 and realized, okay, well, this is Bitcoin, and that's a fork of it, and it's something different.
Starting point is 00:59:00 But, I mean, there was a lot of uncertainty around that time. There was a lot of uncertainty around what would happen when 80% of the hash backed a corporate version of Bitcoin that was literally just moments away from being activated and being treated as the real Bitcoin on every major exchange. that was terrifying to happen. And it didn't work. It failed because of individuals, because of individuals saying, hey, you know, I will not put my economic power behind that. I'm going to run my copy of the code. I will migrate to wallets that are using the Bitcoin that I see as Bitcoin, which is the Bitcoin.
Starting point is 00:59:45 And we basically routed around the top 50 companies, 80% of the hash, which is an unprecedented move to see anywhere else. You would never see that happen. Even in another coin, you wouldn't see that happen. The norm is to go with the people, quote unquote, in charge. Right. You go with the founder. but in Bitcoin it's it's you know if you guys we're so averse to to leaders that it's it's become its own beast and which has made it resilient which has made it resist resilient against
Starting point is 01:00:30 centralized control and I just haven't seen that elsewhere and and yeah if if that's true then you know what more are you going to worry about I suppose Maricio, I know you're short on time. If you have to drop before we finish up, that's cool. No, no worries. Yeah, I'll drop in a few minutes, but I completely echo Mario. I think, you know, if you actually look at what Bitcoin's accomplished over the last year and just stop looking at price for a second, like, you know, the fact that the types of countries
Starting point is 01:01:05 that are banning it are banning it, to me, it tells me that it's actually doing its job. It's doing exactly what it needs to be doing. And that is actually very bullish to me because I come from a place where my money broke. And my government tried to pull a fast one on us by making it impossible or illegal for us to buy any hard money that will protect its assets. And that is precisely what governments try to do when they want to ban Bitcoin. They're trying to prevent you from trading your worthless fiat that they want you so badly to keep track of. And they're trying to prevent you to dump it against something else because it shows how worthless their fiat is. And so that is the problem they're trying to prevent.
Starting point is 01:01:56 So by preventing you from doing that, they try to put a lid on the volumes and on the price discovery and so that people get confused. but it's doing exactly what it needs to be doing. And we're headed where many of us think are headed, which is that you cannot stop humans. You cannot tell a human to not, they're not able to protect their well-being or their family. They're going to find a way. And that way many times it means getting your ars out of power.
Starting point is 01:02:30 But yeah, anyway. You know, I like to think there's a parallel universe somewhere where Bitcoin was built with some flaw and it doesn't do what it's supposed to and everybody's sitting around being like, guys, no one's banning this. Why not? This is a bad time. Bang Bitcoin. I think you were going to say. No, I was just going to say, I mean, sadly, I think that, you know, what Maurice was talking about is going to be more and more present in the coming two, three years. And, you know, there's going to be a lot of companies. And, you know, there's going to be a lot of companies. countries that start to wobble and it's going to it's going to raise a lot of questions and I just hope that you know the the education like you mentioned earlier Mauricio the education worldwide just keeps improving so that you know as many of the little guys can you know shore themselves up as best as they possibly can because I think the turbulence is coming you know it's if you you know if you believe in the that the math is kind of inevitable than, you know, this Lebanon and Turkey and, you know, all the rumblings, it's probably just the beginning.
Starting point is 01:03:37 So, yeah, here's hoping, you know, that a bunch of people are going to be able to stack some sets. To put a more optimistic spin on that, I think that as more, like, sure, there are probably going to be more regions that try to ban it. But the regions that don't, the places that don't are going to benefit a lot from, you know, increased business, increased investment. Like, I mean, you know, look at what's happened to, you know, Texas has got a ton of. of new um new economic activity going on due to china driving out its miners you could look at what's going on el salvador and like uh you know so i i think the more places uh the more places try to ban it the more the benefits will accrued other regions and i think it's going to put a bit of a bit of a bit of a stop run you know each new place that bans it means there's more benefits
Starting point is 01:04:24 there are many places and it becomes a further incentive to allow people access to um to free market money. Yeah. It's, sorry, Ben, I was just going to say it's pretty epic what's happened in the last year with El Salvador. Like, it's like Al Salvador was like literally completely forgotten. There's no one's, no one would talk about El Salvador for any reason whatsoever. And now they're popping up all over. And, and I just, I just listened to the podcast with the Jimmy song and, um, Mike from Bitcoin Beach there. And he was saying that there was these, you know, Senate delegates from Mexico down there. strolling around Alzante excited about what Al Salvatore had been doing. So yeah, it's pretty exciting what's, you know, what's happening.
Starting point is 01:05:11 And yeah, a country like Al Salvador like total obscurity. And now, I don't know, I mean, is it because I'm, I'm in the Bitcoin echo chamber? I don't think so. I think El Salvador is actually getting a lot of props and, and consideration with a bunch of of different countries, especially central and Lat, Latam. Well, look at Tonga, too. I mean, you know, like, super unfortunate what just happened with the tsunami there. But Lord Fisitua has been pushing hard and is looking like they're going to attempt to basically mirror what El Salvador has done later this year.
Starting point is 01:05:54 They're putting forth more or less the same bill with some slight changes. Again, we got to wait till the fall to see what that actually looks like. But I mean, I didn't know, I'll be frank here, I didn't know of Tonga before this. And all of a sudden, you know, there's starting to be some recognition before the disaster that just happened. But, you know, there was already, it was, you know, up alongside El Salvador, you see mentions of this. Island Nation that probably not a lot of people were aware of prior to kind of this, this human interest piece in and around El Salvador. And so, you know, I think we might see more of that over time.
Starting point is 01:06:45 Of course, it's, you know, the volatility lets the naysayers have their temporary wins here and there. But, I mean, it's like Peter Schiff tweets, right? like they're always it's they're always you know that you can always go back uh in a long enough time frame and highlight a peter shit yeah it's a you can always highlight some amazing peter shift tweets and and and say man if you had just dollar cost average every time this man tweeted about bitcoin you would be sitting pretty and that's very very true of a lot of this where where again people Again, even in the chat, look at what it's done in the past three months.
Starting point is 01:07:32 Three months, how short is your time frame? Do you plan for the future at all? Yeah. With that kind of a small window of which you frame things, I would guess not. So, yeah. Bitcoin's boiling the legacy financial system slowly, just a frog, just boiling slowly. Yeah, yeah, absolutely. And that's kind of the beautiful part about it
Starting point is 01:08:00 Because also in the context of these pullbacks You probably do get some people complacent And say, oh yeah, I guess it is going away We don't need to act on it now We don't need to worry about it And then when it all of a sudden It seems to come back out of nowhere Come back from the dead
Starting point is 01:08:16 After obituary number 400 and something Then these people tend to be blindsided again And oh no, we got to jump to regulating this stuff. And so these cycles almost give us like a little bit of relief to like build even more and and route around any awful stuff that could come out of bad regulations. But I mean, China gave us the greatest gift in killing two fud pieces this past calendar year. You know, the China mining fud and the China's going to ban it, fud, you know.
Starting point is 01:08:55 And even like to a degree the the dirty mining fud, a lot of that, although that's still, I feel like that's going to, people that just don't like Bitcoin are always going to say that it's a waste of energy. They don't even care what kind of energy it uses. Sure, sure. But I mean, it's harder for that now because, you know, China uses a lot of coal. Bitcoin happens in China. Therefore, Bitcoin mining uses coal. Like it was a flimsy argument before, but now it's just, it's obviously invalid. Yeah, yeah, exactly.
Starting point is 01:09:28 So it, you know, it got rid of a few fud points that were brought up on the regular. And now, and now we see when one of the largest nation states on Earth bans Bitcoin, it keeps on pumping out blocks, it keeps on functioning. A bunch of the hash is still working in China. And I can guarantee you that people in China still use Bitcoin. They have to jump through a few more hoops, but it's not like there's no Bitcoin use in China. It clearly, clearly still happens. Yeah, I got to say, like, I think the countries specifically that are giving the most trouble to Bitcoin, they're pretty validating to Alex Gladstein's perspective on it disproportionately affecting, you know, authoritarian regimes rather than liberal democracies.
Starting point is 01:10:13 I know there is some back and forth in the Bitcoin community where a lot of more anarchist-leaning folks think that there isn't as important a distinction between, you know, liberal democracies and authoritarian. whereas Gladstein tends to believe that, you know, tends to share my view that, you know, democracies are quite good at a lot of levels. But, yeah, it will be interesting seeing if this trend continues because, like, you know, again, look at deep places that have cracked down on Bitcoin. They generally correlate pretty positively with very hard-hand authoritarianism. Yeah, absolutely. Well, Jens, I think I'm going to start rounding this out.
Starting point is 01:10:54 What I'll do is I'll just do a quick round the table one last time. And just if you have any final thoughts, anything that you want to throw out there, you can. And then also just let people know where they can find you if you want to toss in a Twitter handle or website, whatever you feel like. That's all good. So, Josiah, I'll go to you first. Any final thoughts you may have, anything you want to tag on to anything that was said today, whatever you like. And where can people find it? Firstly, kudos to you guys who, so obviously survived the block war.
Starting point is 01:11:29 The site, yeah, I forgot the name now. Block size war. Yeah, so obviously I've heard the horror stories, but we stand on the shoulder of giants. Have you read the book? No. I got to read the book. It's fantastic. That's fantastic.
Starting point is 01:11:46 Going on to my next point, I was going to say there's so much content out there, which I love. I've toned it down a little bit because I was losing time with family because I was just so immersed in it. But yeah, I'm loving all the podcasts, the reading. And as I say, there's so much to media art forms that can educate. So for anyone that's watching, that's new, just seek it out. And what I love about the community, everything that I've learned, nobody's asked anything for. It's been given freely coming on the show today. Daniel Prince, UK Bitcoin Master.
Starting point is 01:12:21 So people around the world, again, the name job is Scott Sibley from Play Shammery, all these people who I've reached out to have helped and not ask for anything in return. And I've found that within the whole community. So we are a loving bunch. FUD that's coming out now. Further to your point, Mario. Yeah, I think it is legitimate to have conversations, especially with people that don't understand Bitcoin. But I'm not worried because I believe in the community.
Starting point is 01:12:51 Awesome. And where can people find you, by the way? Find me on Twitter at Josiah's Carbon. I've just changed my handle to CoachCarbon. I think if you tag at Josias Carbon, you can find me there. Website, coachcarbon.life, which you can see everything I'm doing. I've also, again, creative side podcast, Carbon Life Pods. You can find that on all major platforms, but mainly find it on Fountain app where you can stream lightning.
Starting point is 01:13:17 Nice. To shout out to the Mountain and ask Mary for that. So, yeah, maybe Coach Carbon or just Ice Carbon, you can find me on all platforms. Awesome, awesome. And anybody that was just listening and you're unsure of the book we're talking about is called The Block Size War by Jonathan Beer. Well worth a read. If you weren't around back then, pick this up because this will give you context of what
Starting point is 01:13:42 real FUD feels like. Because, yeah, living through this and even having kind of lived through it, it, there were parts that I missed and didn't realize. And it helps you kind of put in context, the timeline of everything that happened. Really good reads. So yeah, check that one out. Mario, any final thoughts? Anything that you want to throw out there and where can people find you?
Starting point is 01:14:07 Yeah, you find me on Twitter, Mario underscore Gibney. I tweet about Bitcoin and occasionally other things. Yeah, I would do a plug for Lennon, but you do such a great job of that already. I don't know what else to say. So yeah, give us a look for savings and Bitcoin-backed loans. And, yeah, we're going to take over the real estate world as well. We're going to leave the charge as Bitcoin's going to turn real estate orange this year. And they do Bitcoin mortgage.
Starting point is 01:14:37 So plenty of stuff to check out on our site. And yeah, give a look to our podcast as well, the Unhashed podcast. And I'm basically like the third host on the Canadian Bitconers at this point. I think they'll agree with that one. So you'll probably find me on there soon enough. But yeah, thanks having me on, man. This is fun. Yeah, awesome, man.
Starting point is 01:14:57 And then last, bang Bitcoin. Any final thoughts? Anything you want to throw out there? Mario, are you the host? You to unhashed there, the podcast? I am one of four hosts. One of four. Yeah, myself, Ruben Sompson, and then the Alds brothers.
Starting point is 01:15:13 They're the guys who run Privacy pros, Bill Foddle, another sponsor of BTC sessions. Cool, cool. I'll check it out. Yeah, what do I got? Yeah, I think I just want to echo what Josiah said is the, you know, if you got, if you got any friends that are kind of like on the fence or whatever, doubters or, you know, no coiners or whatever, just, just, you know, suddenly get them to jump onto Bitcoin Twitter. Like, and just, you know, swim around there because for the bad rap that, you know, some intense
Starting point is 01:15:49 Bitcoiners get, I love it on there. I'm game for the conflict. And I find over and over again that Bitcoiners are just, you know, super outspoken, but super generous. And yeah, even though, you know, people, you know, can spit a lot of fire here and there. But I just find just, I don't know, there's just something about it. You know, I tweet about it a lot. I get this sort of brotherhood sense it's weird you know you meet you you just know these people from twitter but you get the sense that you know them it's just this weird thing about bit pointers and so i just want to encourage people to like just jump in a bit you you might find that um you don't know you collide with people that you're just like oh something about this guy something about these people that i really like and uh
Starting point is 01:16:41 and it's no surprise that these you know these conferences are such a huge hit so um yeah jump in there and mix up a bit on Bitcoin Twitter. I like that. It's really great, too, when you see people at kind of different points in the market, and maybe you go to a conference or something and you see somebody and it's, you know, in the middle of like a horrendous bear market. And then a couple of years later, you run into them again. And it's, you know, new all-time highs.
Starting point is 01:17:14 And you have this kind of connection where you're like, Like, you know, I wrote this out too. I sat through it. I recognized that something was happening here, something special was happening. And you get to see those people. And the people that you recognize, the people that you see and interact with through all these different points in time, you kind of start to identify with them because you've kind of had these same experiences and kind of shared. something with them. So yeah, there is something special about it. Yeah, and there's something of,
Starting point is 01:17:50 you know, there's something really to the meme that, you know, you don't change Bitcoin. Bitcoin changes you and time in Bitcoin is, it's, you know, it's, it's, it's, it is transformational. And so, you know, with this recent dip, it's like, it's a blip and, you know, stay, stay with it and time in Bitcoin, you know, it just something about it. It brings out, you know, it changes the character of, people, but it, you know, it takes time. These things don't happen, you know, on a six-month, you know, push up to all-time highs. It happens over the course of years. So if you dig it, you know, stay in it.
Starting point is 01:18:25 And, you know, my experience is that it's like, you know, phenomenal, phenomenal and transformational. Absolutely. Awesome. Well, gentlemen, this has been fun. I thoroughly enjoyed the conversation. I love to have you all. Of course, you're all welcome back anytime. and I will will I be potentially seeing any of you at uh Bitcoin 2020 at Mario I'll be
Starting point is 01:18:51 I have tickets I'm not sure about entry though okay well we'll see yeah set in my site set my site for sure sweet we'll have a presence awesome well uh well yeah maybe we'll we'll have some in-person uh stories to share too but yeah guys thank you so much for being here. And you're all welcome back anytime. Thanks for having me. Cheers, Ben. Cheers.
Starting point is 01:19:18 I'm going to cut your audio video. Tomorrow, Joe. Bye, bye. Yep. Cheers. All right. Everybody, thank you for being here. David, good to see you, man.
Starting point is 01:19:29 Thanks for coming. Everybody, I hope you enjoyed the chat. I hope you're, uh, hotland strong and just kind of chilling out through all this. If it's your first, again, if it's your first major, dip welcome to the club we've all seen this before been around the block a few times so such as life is a bitcoiner but i look forward to see you guys through it uh we're always bullish here right that's again the point in the show is not reflective of what the price is doing in a short period of time
Starting point is 01:20:06 We are always bullish because Bitcoin continues to exist 13 years in. And it's doing incredible things. And it's improving all the time. And people are building amazing shit around it. So with that said, as always, please do like, subscribe, share. All those things are incredibly important. They do help the show. You want to help the show in another way.
Starting point is 01:20:33 you can hit up the previously mentioned sponsors down below. Those were ShakePay, Lead, Bit Refill Keystone, Bill Fottle, PrivacyPros.com. They're all on the show notes. You can also follow all these gents. All of their Twitter handles are down there as well. If you really liked what you saw, you can always draw me a Bitcoin tip at my strike. combe page that is, or actually on Twitter, I do have it enabled there, but strike. Dot me slash BTC sessions.
Starting point is 01:20:59 Head there, you type in any amount you like. You hit the tip button. you'll be greeted with a lightning invoice, or if you prefer, and you tap to the right, a regular Bitcoin QR code. With that, I am out. You guys have yourselves a wonderful day or evening and a good weekend. I'll see you guys next time for your daily session. Toddled at Bitcoin.

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